Slide 1: Presentation to Investors - Australian Copper Conference
For personal use only Presentation to Investors Australian Copper Conference Brisbane 27-28 March 2012
Slide 2: Disclaimer
Disclaimer For personal use only • This document has been prepared by Core Exploration Limited (“Core”, “Company”) and provided as a basic overview of the tenements held or controlled by the company. This presentation does not purport to be all-inclusive or to contain all the information that you or
Slide 3: Investment Overview
Investment Overview For personal use only • Core Exploration (ASX:CXO) offers an investment opportunity into one of the world’s leading copper mining and exploration provinces. • Core’s first diamond drilling program hit copper mineralisation this month on the 100%-owned Yorke Peninsula Project in S
Slide 4: Yorke Peninsula Project - Copper
Yorke Peninsula Project - Copper For personal use only • Project covers 243km2 in analogous geological setting adjacent to Rex Minerals’ (ASX:RXM) Hillside Project (Inferred and Indicated Resource of 217Mt at 0.7% copper and 0.2g/t gold) • Recent diamond drill program has hit low levels of copper mi
Slide 5: Drilling recently completed on YP
Drilling recently completed on YP For personal use only
Slide 6: Wauraltee Prospect
Wauraltee Prospect For personal use only Drill hole positions and geophysical models(Red = • Copper sulphides intersected in all 3 holes gravity, blue = magnetics) overlain on magnetic image drilled at Wauraltee Prospect at Core Exploration’s Wauraltee Prospect, Yorke Peninsula Project, S.A. • Only
Slide 7: Wauraltee: Copper sulphides with IOCG Alteration
Wauraltee : Copper sulphides with IOCG Alteration For personal use only • Copper sulphides (chalcopyrite) were identified in association with IOCG style alteration at Wauraltee • Drilling successfully identified the geological source of the targeted semi coincident gravity and magnetic anomalies • H
Slide 8: Wauraltee - Drill Core Summary
Wauraltee - Drill Core Summary For personal use only Hole From To Comments WTDD001 161m 217.5m Deformed and altered dolerite, with epidote + amphibole + carbonate + albite alteration and veining, variable pyrite and minor chalcopyrite. WTDD002 151 247.5 Deformed and altered coarse grained gabbro wit
Slide 9: Wauraltee: Drill Core Photos
Wauraltee: Drill Core Photos For personal use only Zone of amphibile-epidote-albite-pyrite Pegmatitic quartz-carbonate-amphibole alteration with associated chalcopyrite vein with associated chalcopyrite on in drill hole WTDD001 at 164m. margins in drill hole WTDD002 at 250m.
Slide 10: YP Project: Next Steps
YP Project : Next Steps For personal use only • Receive and interpret assay results of recent 2,000m diamond drill program • Recommence drilling and exploration on the Yorke Peninsula ASAP • Prospect scale geophysics of Wauraltee and other high- priority targets in and around the 12km Palace Structu
Slide 11: Fitton Project: Copper/Uranium in northern SA
Fitton Project : Copper/Uranium in northern SA For personal use only • Mines and large deposits within the region: – Beverley Uranium Mine (Gen. Atomics) – Four Mile 61 Mlbs @ 0.35% U3O8 (AGS) – Mt Gee 68 Mlbs @ 0.06% U3O8 – Covers “Radium Creek“ uranium rich rocks • Proven world-class uranium minin
Slide 12: Fitton Project - Outstanding early results
Fitton Project Outstanding early results For personal use only • 2,000m long shear zone in granite • 10.5% copper and 624ppm uranium in outcrop samples • Coincident copper/uranium soil anomaly indicate zone up to 1000m wide • Ground magnetics, mapping, rock chips and infill soils to commence next mo
Slide 13: Fitton Project - Copper in soils, Uranium in soils
Fitton Project Copper in soils Uranium in Soils For personal use only 13
Slide 14: Roxby Downs Project - Copper
Roxby Downs Project - Copper For personal use only Two tenements covering over 400km2 in the core of the Olympic Dam / Carrapateena IOCGU Zone Project located 40km south of Olympic Dam and within 10km of BHPB’s Wirrda Well prospect EL with 10km gravity feature recently granted Grant of 2nd E
Slide 15: Forward Exploration Program
Forward Exploration Program For personal use only • Assays from recent YP drilling expected in April • Expanded diamond drilling to re-commence in May on Yorke Peninsula • Ground magnetics, rock chip sampling and geological mapping to commence on Fitton project next month • Grant of 400km2 EL expect
Slide 16: Summary
Summary For personal use only • Copper mineralisation hit in first diamond drill program on the Yorke Peninsula in S.A. • Currently undervalued investment with huge upside leveraged to copper exploration success (tight capital structure - only 41.5M shares) • Well funded to execute strategy, deliver
Slide 17: CXO: Capital Structure
CXO : Capital Structure For personal use only • Shares on issue 41.5M • Options (25c) 8.5M • Share Price ~$0.14 • Market Cap (undiluted) ~$6.0M • Cash (31 Dec 2011) $3.4M Small downside risk with huge upside leveraged to copper exploration success on Yorke Peninsula S.A.
Slide 18: Competent Person statement
For personal use only The information in this report has been compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd and who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended pra