Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — The 3rd Annual Mining NSW 2010
27 slides from Golden Cross Resources's conference presentation, Sep 6, 2010
Slide 1: The 3rd Annual Mining NSW 2010 - Copper Hill China-centricity
For personal use only The 3rd Annual Mining NSW 2010 1-2 September 2010 | The Orange Ex-Services Club, Orange - NSW. 铜山 Copper Hill China-centricity: Chinese backing and a Chinese feasibility study to secure Chinese funding to supply copper to China.
Slide 2: Golden Cross Projects: Copper Hill China-centricity
铜山 Golden Cross Projects For personal use only Copper Hill China-centricity Kim Stanton-Cook Managing Director Golden Cross Resources ASX:GCR
Slide 3: Painting: The Molong Copper Mine
For personal use only Painting: “The Molong Copper Mine “ Watercolour by Conrad Martens c. 1845, National Library of Australia
Slide 4: Disclaimer
For personal use only 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 projec
Slide 5: Copper Hill Today – September 2010
For personal use only Photo: Copper Hill Today – September 2010
Slide 6: The Copper Hill Porphyry Copper-Gold Resource
SowEn CROSS RESOURCES The Copper Hill Porphyry Copper — Gold Resource. Revised resource estimates are tabulated below at several cut-off grades. Copper Contained | Contained én |e" eae" | os | capper | ca (%) (Kt) (Moz) 0.10 328 0214 | 0.200 702 211 0.15 211 0.264 | 0.240 557 1.62 0.20 133 0.318 | 0
Slide 7: Golden Cross Projects: Copper-Gold in New South Wales
CopperGolden and goldCross Projects deposits are GCR’s primary targets For personal use only with interests in base metals, phosphate, uranium, nickel and coal. Copper – Gold in New South Wales Copper Hill 100% GCR Inferred-Indicated-Measured JORC Resource containing 1.2 million ounces gold & 420,00
Slide 8: Republic of Panama
Republic of Panama CopperGolden and goldCross Projects deposits are GCR’s primary targets For personal use only GCR also has projects, with great potential, for copper & gold in the safe and stable, central American Republic of Panama. GCR has six areas under application between the world-class, + 1
Slide 9: Other substantial exploration projects
Golden Cross Projects For personal use only And other substantial exploration projects: • Nickel & gold in Western Australia, • Copper – gold in South Australia, • Coal and phosphate in Queensland and • Copper-gold + base metals in NSW
Slide 10: GCR and CUMIC strategic alliance
GCR and Beijing-based Golden Cross Projects For personal use only CUMIC have formed a strategic alliance To develop Copper Hill and expand exploration activities to discover additional copper – gold deposits . This includes GCR’s exploration activities in Australia and Panama and its search for copp
Slide 11: Copper Hill recognised by Chinese investors as potential mine
GCR’s Copper Hill was recognised by Chinese investors as a potential mine Golden Cross Projects For personal use only development. Copper Hill remains open at depth and along strike and potential was seen by CUMIC to meet its target of 500,000 tonnes of contained copper in a conceptual deposit of 15
Slide 12: Copper Hill Location
Copper Hill Location: not in the highGolden Cross Projects For personal use only Andes, not in a remote desert, not in some high sovereign risk regime (we hope!) Copper Hill is in central NSW with nearby major hard- rock mines & with excellent infrastructure and local community support
Slide 13: Golden Cross Projects
Golden Cross Projects For personal use only
Slide 14: North of Buckley's Hill GCHR298
For personal use only North of Buckley’s Hill GCHR298 a new zone in the making
Slide 15: Copper Hill latest results
For personal use only Copper Hill latest results
Slide 16: The Copper Hill Porphyry Copper-Gold Resource
SowEn CROSS RESOURCES The Copper Hill Porphyry Copper — Gold Resource. Revised resource estimates are tabulated below at several cut-off grades. Copper Contained | Contained én |e" eae" | os | capper | ca (%) (Kt) (Moz) 0.10 328 0214 | 0.200 702 211 0.15 211 0.264 | 0.240 557 1.62 0.20 133 0.318 | 0
Slide 17: Copper Hill JORC Resource Estimate
铜山 Copper Hill JORC Resource Estimate Golden Cross Projects For personal use only Copper Tonnes Copper Gold (g/t) Contained Contained Cutoff (Mt) (%) Copper (Kt) Gold (M oz) (%) 0.20 133 0.31 0.28 421 1.20 and containing 3.3 million tonnes of sulphur in chalcopyrite (CuFeS2) & pyrite (FeS2) New JORC
Slide 18: Pit Parameters: Optimised Cases
Golden Pit Cross ParametersProjects For personal use only AMDAD Optimised Case 1 Case 2 Case 3 US$/oz Au 600.00 800.00 1000.00 US$/lb Cu 1.90 2.70 3.50 DCF (10%) for 8Mtpa ore throughput. NPV after capital of A$115 A$360 A$542 $420 million deducted. million million million Mill feed million tonnes @
Slide 19: Strategy for Maximising Value
Golden Cross for Projects For personal use only Strategy Maximising Value By producing copper metal, bullion gold, sulphuric acid and iron Higher value products with minimal waste and greatly improved environmental outcomes Float all sulphides on site, rail to roaster, produce acid from SO2, copper
Slide 20: Copper Hill Feasibility Study team
China National Automation Control System Corp. (CACS) and China Nerin Engineering Co., Ltd. (NERIN) have been retained to conduct the Copper Hill For personal use only Feasibility Study which commenced in May 2010 The development team, outside GCR personnel, includes metallurgists Ken Kellett (using
Slide 21: Copper Hill Project Simplified Flowsheet
— ay Ui Float yN Tails LME grade COPPER HILL PROJECT SIMPLIFIED FLOWSHEET Sulphide Roaster Sulphuric Concentrate Acid aay Ma tt- la — yo CALCINE J Cu-Au in Fecds Copper SX W if] = CIL Oo Copper + ~, Gold Dore Electro- — Winning FezOs for sale cathode copper MINT
Slide 22: Capex Estimates
For personal use only Capex $310 $17/tonne rail freight million Molong => Port Pirie Capex $80 million Capex Estimates Capex $30 million
Slide 23: Molong – a supportive community
Molong – a supportive community 132Kv Sub-station For personal use only Mitchell Highway 4.5km Existing Railway Copper Hill Infrastructure
Slide 24: Securing project finance and off-take from China
Securing project finance from Chinese banks For personal use only GCR will need…… • A Bankable Feasibility Study from a Chinese corporation • All Australian regulatory hurdles cleared • FIRB and Chinese government approvals Securing off-take agreements with Chinese companies • Establish potential cu
Slide 25: What's happening now?
What’s happening now? For personal use only • 1000 metre PQ drilling program for Metallurgy underway • 5000 metre RC oxide and supergene drilling, tenders sought • New pit optimisations from AMDAD using latest JORC estimates as soon as H&S complete Resource Estimate Other advances • Hydrology studie
Slide 26: Golden Cross Resources
a ay i 4GOLDEN CROSS RESOURCES a 4 _—
Slide 27: Thank you
For personal use only Thank you…... and thank you 中国! from 澳大利亚
Golden Cross Resources — The 3rd Annual Mining NSW 2010 on 6ix