Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Shareholder Meeting (November 2014)
63 slides from Golden Cross Resources's shareholder meeting presentation, Nov 28, 2014
Slide 1: GCR Annual General Meeting
Golden Cross Resources ASX:GCR For personal use only GCR Annual General Meeting November 28, 2014
Slide 2: Corporate Directory
Corporate Directory For personal use only Board of Directors Kim Stanton-Cook Managing Director Ian Buchhorn Non Executive Director Li Xiaoming Non Executive Director Jingmin Qian Non Executive Director & Interim Chairman Suzanne Qiu Non Executive Director Li Yan Alternate Director for Mr Li Company
Slide 3: Disclaimer & Competent Person Statement
DISCLAIMER & COMPETENT PERSON STATEMENT For personal use only • This material contains certain forecasts and forward-looking information, including information about possible or assumed future performance, exploration results, resources or potential growth of Golden Cross Resources Ltd, industry gro
Slide 4: For personal use only
For personal use only 485Mt @ 15% P2O5 IOCG Ni-Au Copper- Gold Base Metals
Slide 5: Molong Project – Copper Hill Location
For personal use only Molong Project Copper Hill Location
Slide 6: Buckley's Hill, Copper Hill, Wattle Hill
Buckley’s Hill For personal use only Copper Hill Wattle Hill Buckley’s Hill Copper Hill Wattle Hill
Slide 7: Copper Hill, within the Molong Project
Copper Hill, within the Molong Project For personal use only • Total Geological Resource: 215 million tonnes at 0.3% copper and 0.24 g/t gold • Constrained Resource: 155 million tonnes at 0.33% copper and 0.27 g/t gold containing: • 493,000 tonnes of copper and • 1.33 million ounces of gold (ASX ann
Slide 8: Copper Hill Drilling Program 2014
Copper Hill Drilling Program 2014 For personal use only • The current 5000 metre program has drilled over 3000 metres in six holes • Some of the best intersections ever drilled at Copper Hill have been made • High quality geological data has been obtained • The next phase will be planned when a new
Slide 9: Copper Hill Drilling Program 2014
Copper Hill Drilling Program 2014 For personal use only • Drill hole GCHD469, the first hole in GCR’s current 5000 metre core drilling program, was completed at 894 metres, the deepest hole drilled at Copper Hill. – Intercepts include 178 metres at 0.26% copper and 0.24g/t gold and 30 metres at 0.26
Slide 10: GCHD469
GCHD469 Buckley’s Hill For personal use only 178 metres @ 0.26% copper & 0.24g/t gold 30 metres @ 0.26% copper & 0.70g/t gold 6 metres @ 0.25% copper & 0.42g/t gold
Slide 11: Central Copper Hill Drilling
For personal use only Central Copper Hill Drilling
Slide 12: Plan showing locations of GCHD470-474
For personal use only 100 metres Plan showing locations/traces of GCHD470, 471, 472, 473 and 474. Red lines define two of the dominant Copper Hill lode envelope structural directions and an interpreted NW trending dilatant zone hosting higher grade mineralisation.
Slide 13: Drill hole GCHD470 at central Copper Hill
Drill hole GCHD470 at central Copper Hill completed at 366 metres. For personal use only Previous zone extended with: • 60 metres at 1.83% copper and 5.41g/t gold (using a 0.4% copper cut-off grade) • including a bonanza zone of 12 metres at 3.1% copper and 12.0g/t gold within • 155 metres at 0.93%
Slide 14: Cross Section 5600N
4800mE 5000mE 5200mE & leapfrog tonalite crowded tonalite oy aN 3h porphyry $ 4 ‘ : x +} L f m bs 4 ; ntrusion - — : ter br ia , 02 Copper Hill intersect it] 50 100m = PP Cross Section 5600 N
Slide 15: GCHD471 intersection
GCHD471 intersected 65 metres at 0.58% copper and 0.44g/t gold For personal use only including 9 metres at 1.2% copper and 1.13g/t Au confirming higher grades within a broad 305 metre mineralised zone grading 0.33% Cu and 0.25g/t gold
Slide 16: GCHD471
GCHD471 was completed at 446.9 metres returning high copper and gold grades in For personal use only section 5500N down-dip from previous drilling. Results, using a 0.4% copper cut-off grade, are set out below: The porphyry copper-style mineralisation occurs within micro-tonalite and tonalite porphy
Slide 17: GCHD471
GCHD471 This hole also targeted depth extensions of For personal use only high grades in existing, historic holes and confirms and extends the high grade zones between 50 and 100m down-dip. The central zone, from 144 to 209 metres, includes a high grade core of 9 metres grading 1.21% copper, 1.13 g/
Slide 18: GCHD472
GCHD472, on section 5400N and completed at 486 metres For personal use only GCHD472 contains many well-mineralised intervals within a broad zone of 426 metres grading 0.39% copper and 0.39g/t gold. From (m) To (m) Interval (m) Copper % Gold g/t (ppm) 32 54 22 0.73 0.83 60 88 28 0.57 0.39 110 116 6 0
Slide 19: Section 5400N
For personal use only Section 5400N GCHD472 with previous holes showing intersections at 0.4% copper grade cut-off in red and 0.2% copper cut-off in blue. Resource blocks, generated from assay data from section and adjacent sections are shown in pale red (+0.4% copper grade) and blue (+0.2% to 0.4%
Slide 20: GCHD473
GCHD473, to test extensions to the high-grade drill hole GCHR107 on section 5450N, was completed at 507 metres. For personal use only 0.2% copper cut-off grade: From (m) To (m) Interval (m) Copper % Gold g/t (ppm) 24 68 44 0.32 0.30 144 168 24 0.33 0.25 244 262 18 0.29 0.29 292 350 58 0.29 0.37 378
Slide 21: Cross-section 5450N
Cross-section 5450N showing previous drill hole traces with For personal use only mineralised intervals. GCHD473 showing intervals and grades. Background: geology with 0.4% and 0.2% copper cut-off grade resource blocks from the 2011 Copper Hill Resource Estimate.
Slide 22: Section 5500N
Section 5500N Showing level slices shown in the next four For personal use only slides < 1550RL < 1525RL < 1500RL < 1475RL At Central Copper Hill mineralisation extends along strike for over 600 metres and to depths of over 250 metres.
Slide 23: Level slice
For personal use only 100 metres
Slide 24: Level slice
For personal use only 100 metres
Slide 25: Level slice
For personal use only 100 metres
Slide 26: Level slice
For personal use only 100 metres
Slide 27: Copper Hill – 2011 Resources
Copper Hill – 2011 Resources ASX announcement , December 13, 2011 For personal use only The current drilling campaign has extended the high grade (+0.5% copper) zone and may provide the opportunity for a profitable starter pit
Slide 28: Exploration Potential away from Copper Hill
Exploration Potential away from Copper Hill Molong Project • Follow-up drilling at the Power For personal use only Airborne Magnetic Induced Polarisation (IP) -copper- Field. Blue areas are magnetically gold soil anomaly east of Copper low and reflect Hill, and testing IP and intrusions, as at Coppe
Slide 29: Anomalous target zones outside Copper Hill resource
Anomalous target zones For personal use only outside the Copper Hill resource include the area east of Buckley’s Hill (Copper Hill North) and the IP and copper-gold soil anomalies at Power – Hayshed – Vale Head. Larras Lee IP and soil anomalies will be revisited. The geology to the west of Copper Hi
Slide 30: Immediate Future to the end of 2014
Immediate Future For personal use only to the end of 2014 • Await results for GCHD474 • Complete Domain Wireframes • Complete new Resource Estimate • Complete full economic & financial review OBJECTIVE: To define a potentially bankable resource that will support a full feasibility study for a start-
Slide 31: Golden Cross Resources Australian Projects
Golden Cross Resources Australian Projects ™ Georgina Basin eadinnies ste Mra eT ®@ 100% owned ™ Galilee Basin @ Curnamona Prov. % " Surat Basin wm Yilgarn Block ® Farm-out Joint Ventures f= Lachian Fold Belt sm Otympic Domain ® Phosphate Farm-out
Slide 32: Cargo Gold Project
Cargo Gold Project For personal use only GCR’s 100% owned Cargo project is its flagship gold project and lies 12 km west of the Cadia-Ridgeway gold - copper mining operation. Cargo is a large, concentrically zoned hydrothermal mineralised porphyry with radial, quartz-sulphide gold- bearing alteratio
Slide 33: Cargo Mineralised Systems
Cargo Mineralised systems. For personal use only Geology by Andrew Allibone 2008 Inferred Resource estimates at Spur-Dalcoath of 10.4 million tonnes at 0.84g/t gold for 283,000 ounces of gold using a 0.5g/t gold cut-off grade. At a higher cut-off grade of 0.8g/t gold, the Inferred Resource is estima
Slide 34: Golden Cross Resources Australian Projects
Golden Cross Resources Australian Projects ™ Georgina Basin eadinnies ste Mra eT ®@ 100% owned ™ Galilee Basin @ Curnamona Prov. % " Surat Basin wm Yilgarn Block ® Farm-out Joint Ventures f= Lachian Fold Belt sm Otympic Domain ® Phosphate Farm-out
Slide 35: Burra Copper Project
Burra Copper Project For personal use only • The Burra Copper Mine Project lies 40km east of Cobar with drill-indicated potential for deep- seated Cobar-style mineral systems. • The Burra Mine and Block 51 mineralised zones have coincident magnetic anomalies and copper-in-soil geochemical anomalies.
Slide 36: Burra Copper Project
Burra Copper Project For personal use only The Burra Project has good potential for the discovery of Cobar-style deposits, with copper and lead-zinc mineralisation with gold/silver credits intersected in most drill holes. There are sufficient ore grade intercepts at the two key prospects to remain o
Slide 37: Burra Copper Project
Burra Copper Project For personal use only Burra Drill results: GCB 156 4m @ 1.25% Cu from 57m down-hole GCB 158 3m @ 2.84% Cu from 147m down-hole including 1m @ 6.45% Cu from 147m GCB 158 4m @ 1.32% Cu from 154m including 1m @ 3.36% Cu from 154m
Slide 38: Golden Cross Resources Australian Projects
Golden Cross Resources Australian Projects ™ Georgina Basin eadinnies ste Mra eT ®@ 100% owned ™ Galilee Basin @ Curnamona Prov. % " Surat Basin wm Yilgarn Block ® Farm-out Joint Ventures f= Lachian Fold Belt sm Otympic Domain ® Phosphate Farm-out
Slide 39: Rast Tenement Package
Rast Tenement Package For personal use only • The Rast tenement package, south of the Nymagee copper mine in the Cobar region of central NSW, has yet to reveal its targets beneath 50 to 100 metres of cover. • Rast is proximal to the Mallee Bull, Hera and Hebe copper-gold (lead-zinc) discoveries. • G
Slide 40: Gilgunnia-Nymagee area
For personal use only The Gilgunnia-Nymagee area hosts nearby deposits such as Hera, the newly discovered extensions to the Nymagee Copper Mine, new mineralised zones at Mineral Hill and the Mount Boppy Gold mine. GCR has a dominant land position here in its own right and with its joint venture part
Slide 41: Golden Cross Resources Australian Projects
Golden Cross Resources Australian Projects ™ Georgina Basin eadinnies ste Mra eT ®@ 100% owned ™ Galilee Basin @ Curnamona Prov. % " Surat Basin wm Yilgarn Block ® Farm-out Joint Ventures f= Lachian Fold Belt sm Otympic Domain ® Phosphate Farm-out
Slide 42: Quidong: copper-zinc-lead-gold
Quidong: copper-zinc-lead-gold For personal use only • The Quidong project, in southeastern NSW, is a unique geological setting with similarities to Irish-type lead-zinc deposits and Carlin and Sepon-style gold deposits. • Copper, lead, zinc, gold and silver mineralisation occurs in a range of setti
Slide 43: EL7989 tenement boundary and geology
For personal use only EL7989 - 100% GCR tenement boundary and geology
Slide 44: Geology of the Quidong Basin
For personal use only Geology of the Quidong Basin showing the main prospect areas, and the location of previous drilling campaigns. From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 45: Geology of the Quidong Basin
Geology of the Quidong basin with main For personal use only prospect areas, and the location of previous drilling campaigns. A – A’ shows the location of the schematic section overlaid From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 46: Summary cross-sections through Clarke's Prospect
Summary cross-sections through Clarke’s Prospect For personal use only From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 47: Adam's Zone summary geology, trenching and drilling
For personal use only Adam’s Zone summary geology, trenching and drilling From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 48: TMI Quidong
For personal use only TMI Quidong
Slide 49: TMI Quidong
For personal use only TMI Quidong
Slide 50: Golden Cross Resources Australian Projects
Golden Cross Resources Australian Projects ™ Georgina Basin eadinnies ste Mra eT ®@ 100% owned ™ Galilee Basin @ Curnamona Prov. % " Surat Basin wm Yilgarn Block ® Farm-out Joint Ventures f= Lachian Fold Belt sm Otympic Domain ® Phosphate Farm-out
Slide 51: Gawler Craton IOCG Exploration - South Australia
Gawler Craton IOCG Exploration - South Australia For personal use only • Golden Cross holds tenements within the Gawler Craton in South Australia. • The Gawler Craton is host to world-class iron-oxide-copper-gold (IOCG) deposits such as Olympic Dam, Prominent Hill and Carrapateena. • Drill-ready mag
Slide 52: South Australia – Gawler Craton IOCG Exploration
South Australia – Gawler Craton IOCG Exploration For personal use only Golden Cross holds five tenements covering 3,150 km2 within the northern Gawler Craton in South Australia. The tenements lie within several structural domains lying north of the Olympic Domain, which hosts Olympic Dam and Carrapa
Slide 53: GCR's north Gawler Craton IOCG tenements
GCR’s north Gawler Craton For personal use only IOCG tenements Excellent new targets Coober Pedy
Slide 54: Oolgelima Hill Project
Oolgelima Hill Project For personal use only
Slide 55: Oolgelima Central & South
GCR’s north Gawler Craton tenements For personal use only Oolgelima Central & South
Slide 56: Oolgelima South Prospect: Residual Gravity and Aeromagnetics
For personal use only Oolgelima South Prospect: Residual Gravity (left) and Aeromagnetics (right)
Slide 57: Oolgelima Central
Oolgelima Central For personal use only “The anomaly is superb. Beautiful magnetic & gravity coincidence and it models up nicely as a possible funnel-shaped IOCG.” James E Hanneson – Adelaide Mining Geophysics Oolgelima Central: Residual Gravity (left) and Aeromagnetics (right)
Slide 58: Golden Cross Resources Australian Projects
Golden Cross Resources Australian Projects ™ Georgina Basin eadinnies ste Mra eT ®@ 100% owned ™ Galilee Basin @ Curnamona Prov. % " Surat Basin wm Yilgarn Block ® Farm-out Joint Ventures f= Lachian Fold Belt sm Otympic Domain ® Phosphate Farm-out
Slide 59: Mulga Tank Nickel Project W.A.
MULGA TANK NICKEL PROJECT W.A Joint Venture with Impact Minerals For personal use only Golden Cross Resources is encouraged by Impact Minerals’ announcements of drilling at the Mulga Tank Joint Venture, 200 km northeast of Kalgoorlie in Western Australia. Impact is drill testing EM anomalies within
Slide 60: Mulga Tank Joint Venture
For personal use only Mulga Tank Joint Venture Location and tenement holdings
Slide 61: Minigwal Dunite magnetic anomaly
The Minigwal Dunite (Peridotite) magnetic For personal use only anomaly showing conductors (white rectangles) and elevated nickel geochemistry (blue dashed outlines)
Slide 62: Share consolidation completed
1 for 20 share consolidation completed For personal use only At an extraordinary general meeting of members of the Company on 27 August 2014, the members of the Company passed an ordinary resolution and the total number of shares on issue by the Company reduced from 1,889,799,391 to 94,490,287. The
Slide 63: Thank you for your support
For personal use only Thank you for your support Thank you
Golden Cross Resources — Shareholder Meeting (November 2014) on 6ix