Slide 1: Coppermoly Presentation at the AGM (ASX Announcement)
ADDRESS PHONE PO Box 6965 +61(07) 5592 1001 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 1011 EMAIL ABN 54 126 490 855 info@coppermoly.com.au WEBSITE www.coppermoly.com.au For personal use only ASX Announcement Date: 12th November 2012 ASX Code: COY COPPERMOLY PRESENTATION AT THE AGM
Slide 2: Exploring major copper-gold systems in PNG
For personal use only “Exploring major copper‐gold systems in PNG” ASX:COY Annual General Meeting 1pm, 14th November 2012 AEST
Slide 3: 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 4: Highlights
Highlights For personal use only • Coppermoly enters a period of exclusivity with Barrick to re‐acquire 100% of its assets within the three tenements Nakru, Simuku and Talelumas • Barrick (PNG Exploration) Ltd have spent over A$22.4m since 2009 to acquire a 72% stake in the three tenements. As a res
Slide 5: Company Shareholding
Company Shareholding For personal use only Current Shares on Issue 159.5 million Vangold Resources Ltd (TSX‐V:VAN) 8.7% National Nominees Ltd 7.5% Mr David Lawson 6.5% Barrick 6.3% HSBC Nominees 6.2% Share Price 4.7 cents Market Capitalisation $7.5 million Top 20 Shareholders currently hold 49%
Slide 6: Board and Management
Board and Management 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 copper and gold exploration i
Slide 7: Comparison of Coppermoly with peers
Comparison of Coppermoly with peers For personal use only • Coppermoly (ASX: COY) A$7.5m – PNG copper and gold • Marengo Mining (ASX: MGO) A$170m – PNG copper porphyry • Robust Resources (ASX: RLO) A$53m – Indonesia copper • Intrepid Mines (ASX: IAU) A$177m ‐ Indonesia copper and gold • Hot Chili (A
Slide 8: Papua New Guinea – Large Deposits
Papua New Guinea – Large Deposits For personal use only COPPERMOLY Lihir ‐ 40 Moz AuEq Frieda ‐ 1060 Mt at 0.53% Cu, Simuku porphyry 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
Slide 9: New Britain Island Copper-Gold Projects
New Britain Island Copper‐Gold Projects For personal use only • Highly prospective for copper and gold • Topography not extreme (200m to 800m) • Landowners supportive Topography SRTM Image
Slide 10: Kimbe – Provincial capital and Base of Operations
Kimbe – Provincial capital and Base of Operations For personal use only • Projects have access to a deep water port at provincial capital of Kimbe • Large palm oil industry has developed local infrastructure Port at Kimbe
Slide 11: Nakru Copper-Gold-Zinc Systems (28% Coy)
Nakru Copper‐Gold‐Zinc Systems (28% Coy) For personal use only • 31 drill holes (7253m) at Nakru‐ 1, 2 & 4 • Further drilling required to test targets and outline boundaries of mineralisation • Nakru‐01 Inferred Resource of 38.4Mt at 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag
Slide 12: Nakru – Outline of Copper-Gold Resource (28% Coy)
Nakru 1 – Outline of Copper‐Gold Resource (28% Coy) For personal use only 1. Additional drilling required to define the full extent of mineralisation 2. Only 27 diamond holes completed for 5928m
Slide 13: For personal use only
For personal use only 1. Inferred Resource of 38.4Mt grading 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag (0.2% Cu cut-off) 2. Inferred Resource of 21.6Mt grading 0.81% Cu + 0.39 g/t Au + 1.81 g/t Ag (0.5% Cu cut-off) 3. Additional drilling required to define tonnage of upper supergene copper enrichment
Slide 14: Nakru 2: Copper-Zinc System (28% Coy)
Nakru 2: Copper‐Zinc System (28% Coy) Only 1km west of Nakru‐01 For personal use only • Large 800m diameter envelope of mineralisation • Two drillholes intersected massive sulphide copper including 6.8m grading 3.8% Cu at 30m depth • Barrick intersected 64m at 0.59% Cu at 141m depth and 4.9m at 13.6
Slide 15: EL 2014 Makmak (100% Coy)
EL 2014 Makmak (100% Coy) Targets for IOCG style mineralisation For personal use only • Recently granted tenement covering 280km2 • Petrology of rock samples suggest IOCG styles of mineralisation • Copper, gold and Iron prosects are associated with transfer structures, similar to IOCG deposits in Ch
Slide 16: EL 2014 Makmak (100% Coy) – Visible Copper and Gold
EL 2014 Makmak (100% Coy) Visible Copper and Gold For personal use only Pulding Prospect Wara Creek Prospect • Occurs on a transfer structure • Rock float samples have alongside Montague Harbour copper and zinc mineralisation • Preliminary Niton XRF* noted returned assays > 1% Cu on • Panning stream
Slide 17: EL 2014 Makmak – Significant Magnetic Geophysical Anomalies
EL 2014 Makmak (100% Coy) Significant Magnetic Geophysical Anomalies For personal use only • Quartz, albite and tourmaline with magnetite occur in samples over a large area • Numerous magnetic anomalies within the tenement are important targets for mineralisation
Slide 18: Simuku (28% Coy) – Major Copper System on Transfer Structures
Simuku (28% Coy) Major Copper System on Transfer Structures For personal use only EL2014 Makmak
Slide 19: Simuku Porphyry Copper Prospect (28% Coy)
Simuku Porphyry Copper Prospect (28% Coy) Diamond Drilling of 39 holes for over 10,500m For personal use only Drilling currently underway Inferred Resource • 200 Mt at 0.36% Cu + 61ppm Mo + 0.06g/t Au + 2g/t Ag Nayam Prospect • SMD19 intersected 18m of 1.0% Cu from 18m depth in secondary copper enri
Slide 20: Cross-Section of Simuku Resource (28% Coy)
Cross‐Section of Simuku Resource (28% Coy) Deep Drilling intersected mineralisation to over 1000m depth For personal use only Resource Upgrade 2012 Drilling in 2013 2012 Drilling
Slide 21: Summary
Summary For personal use only • Projects have excellent access via 4WD vehicle, from the provincial capital of Kimbe • Makmak (100% COY): IOCG style mineralisation on south coast of New Britain Island • Simuku (28% COY): Inferred Resource of 200 Mt at 0.36% Cu + 61ppm Mo + 0.06 g/t Au + 2 g/t Ag • N
Slide 22: Future Plans
Future Plans For personal use only Barrick Agreement New Projects: (72% Barrick, 28% Coy) 100% Coppermoly EL 2014 Makmak (280 sq.km): Simuku (48 sq.km): • Laboratory results in December • Further drilling in 2012 and 2013 • Sampling, mapping, geophysics • Resource upgrade in 2013 and drilling in 201
Slide 23: Contact Details
Contact Details For personal use only • Peter Swiridiuk – Managing Director • Maurice Gannon – Director of Operations and Company Secretary Ph +61 7 5592 1001 info@coppermoly.com.au www.coppermoly.com.au
Slide 24: Notes
Notes: For personal use only • Mineralisation at Nakru-01 consists of copper, gold and silver. • Copper Equivalent* values have been calculated as (Cu + (6764.1 x Au) + (113 x Ag)) • Copper Equivalent* is the contained copper, gold and silver that are converted to an equal amount of pure copper and
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). • Drill core and rock samples were transported to the field camp site then to the town of Kimbe. Drill core was logged, orientated and sampled be