Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Shareholder Meeting (November 2011)
35 slides from Golden Cross Resources's shareholder meeting presentation, Nov 17, 2011
Slide 1: Golden Cross Resources Annual General Meeting
Golden Cross Resources Ltd Annual General Meeting History House, Macquarie Street, Sydney 17th November 2011 Managing Director – Kim Stanton-Cook,
Slide 2: Disclaimer
Disclaimer 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 (GCR), industry growth or other trend projections. Such forecasts
Slide 3: Board of Directors and Corporate Directory
Board of Directors Corporate Directory Chris Torrey Chairman Kim Stanton-Cook Managing Director Li Xiaoming Non Executive Director Jingmin Qian Non Executive Director Suzanne Qiu Non Executive Director David Timms Non Executive Director Li Yan Alternate Director for Mr Li Company Secretary Explorati
Slide 4: Golden Cross Properties map
Darwin @ Mount Isa (Cu-Au U) Highland Sherrin-Lily —\ Quita Mount Isa > a) “~< Pentland Queensland Coal Olympic Domain (cu vv) Bainye a, Codna Hill Bocnah ; Warriner Creek Warwick Brisbane Oolgelima Hill— ) Giddinna Canbelego (Cu Au) Koolymilka 7 Perth = Rast (Au Cu Pb Zn Fe). Karge. ™ ‘sydney wu Cu
Slide 5: Copper Hill is well located in the Central West of NSW
Copper Hill is well located in the Central West of NSW. Only four hours drive from Sydney, the project is well served with high quality road- rail-power infrastructure. The people of the nearby town of Molong are generally supportive of mining at Copper Hill.
Slide 6: Copper Hill aerial view and nearby mines
Cadia 45 km to southeast Northparkes 80 km to northwest Molong township Wattle Hill Copper Hill Boundary Buckley’s Hill Copper Hill, aerial view looking south
Slide 7: Copper Hill
Copper Hill Total Geological Resource @ 0.2% copper cut-off 197 million tonnes @ 0.31% copper and 0.26 g/t gold A new Resource Estimate has been completed and is under review 2 million tonnes per annum mill throughput under consideration • Lower capital costs • Faster time-line to production • Reduc
Slide 8: Optimised pit and resource estimate notes
‘ The optimised pit was generated using Whittle software to maximise undiscounted cash flow using US$5.30/lb copper and US$2,120/oz gold commodity prices and recoveries of 85% for copper and 80% for gold and 45o overall pit slopes. The table above reports the resources that fall inside the pit shell
Slide 9: Production Strategy Scenario 1
Production Strategy Scenario Stage 1 10 Mt ore at 0.49% copper and 0.55g/t gold to produce 36,500 tonnes copper and 79,100 ounces gold in concentrate. 2 million tonnes per annum to mill, manageable capex, early cash flow generated, 3-year pay-back possible
Slide 10: Copper Hill 10 million tonne Stage 1 Starter Pit
Copper Hill 10 million tonne Stage 1 ‘Starter Pit’. View from the south-east
Slide 11: Production Strategy Scenarios 2 & 3
Production Strategy Scenarios 2 & 3 (Mill expansion capacity will be built into initial design) Stage 2 9.7 Mt ore at 0.40% copper and 0.40 g/t gold to produce 29,200 tonnes copper and 55,900 ounces gold in concentrate. Stage 3 10.6 Mt ore at 0.32% copper and 0.32g/t gold 26,100 tonnes copper and 49
Slide 12: Copper Hill 30 million tonne pit 3D Site Layout Plan
Copper Hill 30 million tonne pit 3D Site Layout Plan – View from the south-east
Slide 13: Production Strategy Scenario 4
Production Strategy Scenario 4 Perhaps by now expanded to 6 – 8 Mtpa capacity Stage 4 72.8 Mt ore at 0.24% copper and 0.23g/t gold to produce 132,400t tonnes copper and 245,300 ounces gold in concentrate. …contingent on sustained copper and gold prices around current spot…
Slide 14: Future Extensions: Buckley's Hill Drilling
Future Extensions Buckley’s Hill Drilling Substantial intersections, increasing thickness of over 300 metres and with better than average grades over wide intervals
Slide 15: Future Extensions
Future Extensions Within the central Copper Hill deposit, one interval is within reach of current pit planning with 71 metres grading 0.56% copper and 1.04 g/t gold from 25 metres. The potential 100Mt pit would capture the next interval of 174 metres grading 0.40% copper and 0.40 g/t gold from 121 m
Slide 16: Other GCR Projects
Other GCR Projects Darwin » Mount Isa (Cu-Au U) Highland sherin-ly at 3 Pentland Queensland Coal 2. Chinchilla Olympic Domain (cu suv) Codna Hill Warriner Creek. Oolgelima Hill-. Brisbane Giddinna Canbelego (Cu Au) Ni V Koolymilka \ Rast_@ vA (Au Cu Pb Zn "ae A Cargo Perth @ 5 eae ™ Sydney wu Cu N A
Slide 17: Cargo
Cargo A porphyry copper-gold system 20km west of Cadia Valley Operations. New targets are the gold- bearing eluvials at Gum Flat and the gold-bearing radial quartz veins at Dalcoath – Spur and Essex. Previous intersection: 2 metres @ 44g/t gold Core drilling is underway with four holes completed and
Slide 18: Canbelego – Nymagee - Rast Projects
Canbelego – Nymagee - Rast Projects Copper – Gold – Lead – Zinc GCR’s Burra and Block 51 deposits. New target from airborne magnetics. More drilling required. MMG continues exploring under the joint venture at Wagga Tank and Gilgunnia Range tenements. Rast tenements remain prospective but under cove
Slide 19: South Australia IOCG
South Australia IOCG Iron Oxide Copper Gold GCR has defined encouraging coincident magnetic-gravity anomalies in several tenements within the Structural Corridor which hosts Carapateena, Olympic Dam & Prominent Hill. The SR11 anomaly within the Oolgelima Hill EL is a walk- up drill target, and negot
Slide 20: South Australia IOCG Oolgelima Hill EL 4427
South Australia IOCG Oolgelima Hill EL 4427 Magnetics with Gravity Contours Anomaly SR11
Slide 21: Anomaly SR11 – Walk-up Drill Target
Anomaly SR11 – “Walk-up-Drill-Target” Magnetics with Gravity Contours 1.4 km wide, 200 nanotesla magnetic anomaly with 1 milligal gravity response
Slide 22: GCR Coal Tenements ~ For Sale
GCR Coal Tenements ~ For Sale Sale Negotiations well advanced
Slide 23: Panama
Panama Tenement applications remain in place (at low cost) pending indications of support from native indians and Panamanian Government
Slide 24: GCR's Joint Venture Properties
GCR’s Joint Venture Properties
Slide 25: Mount Isa
Mount Isa Phosphate – Rare Earths – Uranium Base Metals Target Models
Slide 26: Copper and Gold: The Future
China India 0 US Germany ROW 01 03 05 07 09 13f 15f 11e 1212 Copper and Gold 14 14 36 12 The Future Electrical wiring/…
Slide 27: Copper demand forecast to grow in the long term
Copper demand is forecast to grow in the long term, largely driven by electrical transmission infrastructure demand Major copper consumers Major uses of copper by sector (2009) Mt % 25 12 12 20 Electrical 14 wiring/ 15 electricity infrastructure 10 36 14 12 5 Electrical wiring/ electricity infrastru
Slide 28: LME Copper Prices Dec '05 to Nov '11
| mA\n LME Copper Prices USD/t & AUD/t 11,600 8,400 10,000 Dec ‘05 to Nov ‘11 Copper 31-Dec-11 = | 30-Sep-11 30-Jun-11 31-Mar-11 t 31-Dec-10 30-Sep-10 P 30-Jun-10 31-Mar-10 31-Dec-09 ; 30-Sep-09 30-Jun-09 31-Mar-09 31-Dec-08 30-Sep-08 + 30-Jun-08 oo? E é ° } 31-Mar-08 gz5 31-Dec-07 zu d€e 1 | | 30-S
Slide 29: Gold price Dec '05 to Nov '11
29-Nov-11 31-Aug-11 02-Jun-11 04-Mar-11 04-Dec-10 05-Sep-10 07-Jun-10 09-Mar-10 09-Dec-09 10-Sep-09 12-Jun-09 14-Mar-09 14-Dec-08 15-Sep-08 17-Jun-08 19-Mar-08 20-Dec-07 21-Sep-07 23-Jun-07 25-Mar-07 —Gold AUD Gold EUR 25-Dec-06 26-Sep-06 28-Jun-06 30-Mar-06 30-Dec-05 800 600 400 © g 8 (Zo/$) 8914d
Slide 30: Copper Hill Planning for Development
Copper Hill Planning for Development
Slide 31: Copper Hill site layout
rhal VWwaste Dump —- Fibre Optic Ca ¥ ROM Pad a y Shades Road
Slide 32: Mill & Plant Site
SONTENT TABLE DIRTY WATER DESCRIPTION COLLECTION CRAIN PAD \ \ PARY CRUSHER AREA NS [SHER AREA [ICC 6 TRANSFORMER SN SIBIEISI Bel 9/218 = = i i HE i i “18 41314 PUARy CRUSHER Talfines THICKER ‘COCENTRATE THICKER AREA TENTRATE AREA BLGGING AREA {cess ware ‘AFRE WATER fae ware EACLE JANTHNANCE fXSHOP.
Slide 33: Crushing & Comminution – Process Flow Diagram
CRUSHING & COMMINUTION – PROCESS FLOW DIAGRAM
Slide 34: Flotation – Process Flow Diagram
FLOTATION – PROCESS FLOW DIAGRAM
Slide 35: Copper Hill
Newcrest’s Cadia 45 km to Rio’s Northparkes 80 km to southeast northwest Molong Power: 132 Kv Sub-station 3 km Plant & Wattle Hill Mill Site Copper Hill Low strip ratio Buckley’s Hill Copper Hill • Capex Scoping Study near completion • New Resource Estimate under review ASX- GCR
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