Coppermoly Limited · ASX:COY
Coppermoly — Investor Presentation (December 2010)
25 slides from Coppermoly's investor presentation, December 2010
Slide 1: Major Copper Mineralised Systems currently being Drill Tested
“Major Copper Mineralised Systems currently being Drill Tested.” Investor Presentation ‐ December 2010
Slide 2: Disclaimer
Disclaimer This document is not a disclosure document nor does it constitute the provision of financial product advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information. The information is provided expressly on the basis that recipients will ca
Slide 3: Highlights
Highlights • Barrick to spend A$20m to attain a 72% stake of three tenements at Nakru, Simuku and Talelumas. • Major Copper Mineralised System Demonstrated with drill hole intersection of 213.75m grading 0.92% copper and 0.33 g/t gold at Nakru‐1. • Drilling by Barrick at Simuku tests for tonnage pot
Slide 4: Company Overview (ASX:COY)
Company Overview (ASX:COY) New Guinea Gold Corp. 15% Vangold Resources Ltd 10% Barrick 4.50% Yeaman 4.30% Current Shares on Issue 139 million Total Listed Options (COYO 30 cents) and (COYOA 7 cents) 46 million Total Unlisted Options 16.5 million Share Price 14.5 cents Market Capitalisation $20 milli
Slide 5: Mineralised Papua New Guinea
Mineralised Papua New Guinea Lihir ‐ 40 Moz AuEq Frieda ‐ COPPERMOLY 1060 Mt at 0.53% Cu, Simuku 0.29g/t Au 200Mt at 0.36% Cu Porgera – 25 Moz Au Yandera ‐ 667 Mt at 0.33% Cu Ok Tedi – 663 Mt at 0.76% Cu, Kainantu ‐ 2 Moz Au Panguna ‐ 0.85g/t Au 944Mt at 0.48% Cu, 0.56g/t Au Morobe ‐ 5 Moz Au COPPER
Slide 6: New Britain Island Copper-Gold Province
New Britain Island Copper‐Gold Province Tenements subject to Barrick agreement: • EL 1077 ‐ Simuku • EL 1043 ‐ Mt. Nakru • EL 1445 ‐ Talelumas Coppermoly Tenement Applications: •ELA 1782 ‐ Powell •ELA 1812 ‐ Fulleborn Ok Tedi/ Frontier Exploration Topography Image
Slide 7: Excellent Location for Project Development
LOCATION Excellent Location for Project Development • Vehicle access to both projects (1 to 4 hour drive) • Deep water port at provincial capital of Kimbe • Local infrastructure and relatively easy logistics • Topography not extreme (200m to 800m elevation) • Landowners support exploration • Large o
Slide 8: Copper Industry Grade Decline
Copper Industry Grade Decline Nakru Copper Project
Slide 9: Nakru Area showing Prospects
Nakru Area showing Prospects IP geophysical surveys are being used to detect the core of these breccia systems.
Slide 10: Nakru Copper-Gold-Zinc Project
Nakru Copper ‐ Gold ‐ Zinc Project CONCEPTUAL MODEL FOR VMS – EPITHERMAL HYBRID MINERALISATION for the NAKRU SYSTEM 1 KILOMETER Recent Ash / Pumice Fine grained volcaniclastics and sediments Ba ‐ Ag ‐ Au Zn ‐ Pb – Ag ‐ Cu Zn ‐ Cu Cu ‐ Pb ‐ Zn Nakru‐2 Exhalative massive sulphide lenses Stringer Zone
Slide 11: Nakru 2 Chargeability Nakru 1 Chargeability
Nakru 2 Chargeability Nakru 1 Chargeability 3‐D Induced Polarisation (IP) geophysical anomaly High grade copper targets currently being tested Area of previous drilling, copper in drill holes average > 0.7% Near surface copper lens copper target 3% to 4% copper target BWNBDD00002 BWNBDD00001 213.75m
Slide 12: Nakru 1 – Copper Gold System
Nakru 1 – Copper Gold System Extensive Drill Testing Underway EOH 276.7m BWNBDD0001 213.75m at 0.92% Cu, 0.33g/t Au, from 74.45m EOH 361.1m NAK017 210.1m at 0.45% Cu, 0.17g/t Au, from 61.2m NAK003 86.15m at 0.46% Cu, 0.46g/t Au, from 85m NAK006 140m at 0.57% Cu from 57m
Slide 13: Nakru Drill Section Schematic
SW Drill Section Schematic Plan NW MAJOR IP NAK013 NAK014 NAK015 NAK016 BWNBDD0001 TARGET NAK001 Oxide Zone NAK017 02 K0 Au + Mo + As + NA Ag, Pb, Zn, Te Goethite Base of Oxidation Haematite 13m at 2.8% Cu 16m at 0.74 g/t Au 61m at 0.32 g/t Au including 3m at 7.51% Cu 0.14 % Cu 22.25m at 1.47% Cu Se
Slide 14: Nakru 1 – Drill Cross Sections
Nakru 1 – Drill Cross Sections 50m 50m BWNBDD00001 NAK017 SUPERGENE COPPER ? ZONE ? ? SUPERGENE COPPER ? ZONE ? PRIMARY COPPER – GOLD ZONE PRIMARY COPPER – GOLD ? ZONE ? ? ? ? 213.75m at 0.92% Cu and 0.33g/t Au, ? 210m at 0.45% Cu and (1.12% CuEq) 0.17g/t Au ? ? ? 1.0% CuEq OPEN 272.6m OPEN 0.25% Cu
Slide 15: Nakru 2 - Sulphide Copper System
Nakru 2 ‐ Sulphide Copper System Sulphide related anomaly • Large envelope of surface mineralisation • Breccia hosted copper system • Upper copper lens of 3% to 4% copper • Drill tested with deep hole by Barrick (64m at 0.59% Cu)
Slide 16: Nakru Drill Core
Nakru Drill Core 3)
Slide 17: Nakru 2 Coppermoly Drill Holes
Trench 88m at 1.2% Cu, 0.33 g/t Au Nakru 2 19.9% Cu sample in trench Coppermoly Sulphide MASSIVE SULPHIDE 6.7m at 3.8% Cu breccia outcrop Drill Holes 0.19 g/t Au 1.66% Zn Logging Nakru Drill Core MASSIVE SULPHIDE 52m at 1.2% Cu 7m at 3.36% Cu 0.19 g/t Au 73m at 2.0% Zn 0.96% Cu 11.4 g/t Ag 21m at 0.
Slide 18: Simuku / Talelumas Project
Simuku / Talelumas Project Hoskins (Airport) Kimbe (Port, Helicopter) ; , « > t i \ , SSN - t N ‘ . \ \ > ‘ S Be Se RS ERS Simuku | \ - Sih! xe it x - | , EL Talelumas |\o~< SISTER ¥ SS ELA Fulleborn) \ s Be le . { h Lh ee b iy + ’ ‘Ss as : a \ ee ~ ‘ Pea Sy. % : ry * She & eB ‘R X RRS (Se 2. Bt : :
Slide 19: Simuku and Yandera Copper Systems
Simuku and Yandera Copper Systems Nayam Simuku: Tobarum 1. Maiden Inferred Resource of 200 million tonnes at 0.36% copper Misili 2. 20km from deep water port 3. 300m above sea level 4. Three new holes completed by Barrick Horseshoe Yandera: 1. Indicated and Inferred Resource BWNBDD0005 of 667 millio
Slide 20: Near Surface Copper Enrichment
Near Surface Copper Enrichment (31 diamond holes) Secondary Copper Enrichment in Drill Holes • Tobarum : 27m thick at 0.74% copper • Nayam: 16m thick at 1.0% copper Primary Copper Drilling Results • 56m at 0.77% copper at 207m depth • 117m at 0.61% copper
Slide 21: Talelumas – EL 1445 Gold and Copper Prospects
Talelumas – EL 1445 Gold and Copper Prospects Isme Creek Gold Prospect • Geochemistry similar to the Nakru systems Mt.Misusu Copper Prospect SIMUKU Maiden Inferred Resource • Possible offset extension of Simuku porphyry system zone of anomalous copper and I.P. geophysics
Slide 22: Board and Management with PNG Experience
Board and Management with PNG Experience Peter McNeil – Non Executive Chairman, 25 years experience in PNG. Peter Swiridiuk – Managing Director, 20 years experience in South Pacific, South East Asia, Middle East, Mexico, Cyprus and Australia. Maurice Gannon – Executive Director and Company Secretary
Slide 23: Why invest in Coppermoly?
Why invest in Coppermoly? • Extensive drilling and exploration programme in 2010 and 2011 through an agreement with Barrick. • PNG experience. • Discovery of high‐grade copper systems being advanced at Nakru. • Proven exploration methodology to advance projects.
Slide 24: Notes
Notes: • All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection). • Drillhole samples from drillholes were transported to the camp site, logged, orientated and sampled between 1m and 2m intervals from core split by saw. The split sam
Slide 25: Nakru camp drill pads
BWNBDD0007 – 265.52m Nakru camp Drill pad BWNBDD0010 BWNBDD0009 – 180m