Slide 1: Exploring major copper-gold systems in PNG and Australia
For personal use only “Exploring major copper-gold systems in PNG and Australia” ASX:COY March 2012
Slide 2: Disclaimer
Disclaimer For personal use only 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 t
Slide 3: Value of Coppermoly compared to peers
Value of Coppermoly compared to peers For personal use only • Coppermoly (ASX: COY) A$8.2m – PNG Copper porphyry • Marengo Mining (ASX: MGO) A$251m – PNG Copper porphyry • Robust Resources (ASX: RLO) A$102m – Indonesia Copper • Intrepid Mines (ASX: IAU) A$448m - Indonesia Copper and Gold • Exeter Re
Slide 4: Company Overview
Company Overview (ASX:COY) For personal use only Current Shares on Issue 150 million New Guinea Gold Corp (TSX-V:NGG) 13.9% Vangold Resources Ltd (TSX-V:VAN) 9.3% National Nominees Ltd 5.9% Barrick 4.2% Share Price 5.5 cents Market Capitalisation $8.2 million Cash at Bank $1.0 M Top 20 Shareholders
Slide 5: Board and Management with Years of Experience
Board and Management with Years of Experience For personal use only Dal Brynelsen – Non Executive Chairman, CEO of Vangold Resources Ltd (TSX:VAN), founding Director of Griffin Mining. Over 30 years experience in the mining industry. Peter Swiridiuk – Managing Director, 22 years experience with copp
Slide 6: Highlights
Highlights For personal use only • Barrick (PNG Exploration) Ltd has taken a 72% interest in Coppermoly’s Simuku, Nakru and Talelumas tenements on New Britain Island, PNG, by spending $20M within two years. A joint venture will now be formed. • Nakru-1: Maiden Inferred Resource planned for April 201
Slide 7: Papua New Guinea – Highly Mineralised
Papua New Guinea – Highly Mineralised For personal use only COPPERMOLY Lihir - 40 Moz AuEq Frieda - 1060 Mt at 0.53% Cu, Simuku 0.29g/t Au 200Mt at 0.36% Cu Porgera – 25 Moz Au Ok Tedi – Yandera - 663 Mt at 0.76% 667 Mt at 0.33% Cu Panguna – Cu, (Bougainville) 0.85g/t Au Wafi - Golpu 944Mt at 0.48%
Slide 8: Kimbe – Provincial capital and Base of Operations
Kimbe – Provincial capital and Base of Operations For personal use only • Projects have access to deep water port at provincial capital of Kimbe • Large palm oil industry has developed local infrastructure Port at Kimbe Barrick Office
Slide 9: New Britain Island – Nakru and Simuku Projects
New Britain Island – Nakru and Simuku Projects • Vehicle access to deep water port at Kimbe For personal use only • Local infrastructure • Topography not extreme (200m to 800m) • Landowners support • Highly Prospective Copper Belt Topography SRTM Image Ok Tedi Exploration
Slide 10: Nakru Copper-Gold-Zinc Systems
Nakru Copper-Gold-Zinc Systems For personal use only • 31 drill holes (7253m) • Further drilling required to test all targets
Slide 11: Nakru – Copper Gold System
Nakru 1 – Copper Gold System For personal use only 1. Geophysics Shows Large Tonnage Potential not fully Drill Tested. 2. 27 diamond holes for 5928m completed to date
Slide 12: For personal use only
For personal use only In accordance with Clause 18 of The JORC Code the reference to ‘Exploration Target’ in terms of target size and type should not be taken as an estimate of Mineral Resources or Ore Reserves. The statement referring to quantity and grade of the exploration target is based upon ex
Slide 13: Nakru 2: Copper-Zinc System
Nakru 2: Copper-Zinc System 800m Diameter System – 3 Diamond Holes for 1053m For personal use only • Early exploration – rock sampling undertaken and one hole drilled • Massive sulphide copper lens: 6.8m at 3.8% Cu at 30m Depth • Drill tested with one deep hole by Barrick: 64m at 0.59% Cu at 141m de
Slide 14: Simuku Project
Simuku Project 20km from Kimbe Deep Water Port For personal use only
Slide 15: Simuku Porphyry Copper District
Simuku Porphyry Copper District For personal use only
Slide 16: Simuku Porphyry Copper Prospect
Simuku Porphyry Copper Prospect Diamond Drilling of 37 holes for 10,248 metres For personal use only Inferred Resource upgrade in April: • 200 million tonnes at 0.47% Copper Equivalent (0.3% Cu.Eq cut-off) • Drilling intersects 0.24% copper over 1000m, including 43m at 0.54% Cu from 224m depth. Naya
Slide 17: PNG Exploration
PNG Exploration For personal use only Diamond Drilling Rig – Nakru-1 Barrick Core Shed - Kimbe On-Site Core Shed – Nakru-1
Slide 18: Plans for 2012 in PNG
Plans for 2012 in PNG For personal use only Current Projects: • Joint Venture with Barrick (PNG New Projects: Exploration) to be formed in April • ELA Powell awaiting minister’s Simuku: signature. Creek sampling and • Upgrade Inferred Resource by mapping. Golder Associates in April • ELA Makmak awai
Slide 19: Queensland Copper-Gold Esk Trough Project
Queensland Copper-Gold Esk Trough Project Farm-in (ASX:AIV) For personal use only • Geophysical 3DIP surveys underway • Drilling planned for April 2012 • Projects area only four hours drive from Capital City • Excellent location to infrastructure including towns, roads and ports • Coppermoly to spen
Slide 20: Queensland Copper-Gold Esk Trough Project
Queensland Copper-Gold Esk Trough Project Drilling Follow-up in April For personal use only Kakapo Prospect Historical Drilling: • 88m at 0.47% Cu and 0.49 g/t Au from 38m depth • 1.8m at 2.12% Cu and 0.72 g/t Au from 40m depth Hinds Prospect Historical Drilling: • 37.5m at 0.48% Cu and 0.66 g/t Au
Slide 21: Queensland Copper-Gold Esk Trough Projects
Queensland Copper-Gold Esk Trough Projects For personal use only Advanced Exploration completed • Drilling, geophysics, geochemistry and mapping Exploration in 2012: 1. March: 3DIP Geophysics 2. April: RC Drilling 3. July: Review all results 4. Sept: Decision to JV
Slide 22: Summary
Summary For personal use only • Joint Venture to be formed with Barrick (PNG Exploration). • Simuku: Copper mineralisation to over 1000m depth with a view to an improved Resource. • Nakru: Higher grade Copper system with maiden Inferred Resource planned in April. • Geophysical 3DIP surveys underway
Slide 23: Contact Details
Contact Details For personal use only • Peter Swiridiuk – Managing Director • Maurice Gannon – Executive Director Ph (07) 5592 1001 info@coppermoly.com.au www.coppermoly.com.au • Nicole Harrison – NWR Communications Ph (08) 9240 5770 nicole.harrison@nwrcommunications.com.au
Slide 24: Notes: Copper Equivalence
Notes: Copper Equivalence For personal use only • Mineralisation at Simuku consists of copper, molybdenum, gold and silver. • Copper equivalent values have been calculated as (Cu + (7.6 x Mo) + (7818 x Au) + (101.3 x Ag)) • The copper equivalent values for intersections are quoted in addition to ind
Slide 25: Notes
Notes: For personal use only • All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection). • Barrick Drill core and rock samples were transported to the field camp site then to the Barrick base in the town of Kimbe. The drill core was l