Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Mining NSW Conference (September 2008)
51 slides from Golden Cross Resources's conference presentation, Sep 1, 2008
Slide 1: Golden Cross is a gold, uranium and base metals explorer
For personal use only Golden Cross is a gold, uranium and base metals explorer with drilling underway. Lachlan Fold Belt, Curnamona Province and Thomson Orogen of New South Wales
Slide 2: Expanding to include phosphate resources
For personal use only Golden Cross is expanding its range to include phosphate resources. Mount Isa, Georgetown and Bowen regions of Queensland
Slide 3: Nickel project in the Yilgarn
For personal use only Golden Cross now has a nickel project in the Yilgarn. Yilgarn Block of Western Australia.
Slide 4: New exploration interests: gold in Panama
For personal use only Golden Cross also has new exploration interests: Gold in Panama First pass drilling completed following IP, and magnetic surveys.
Slide 5: Uranium in Labrador, Canada
For personal use only & Uranium in Labrador, Canada. Airborne radiometrics & magnetics flown. +2% U3O8
Slide 6: Golden Cross explorer on the move
For personal use only Golden Cross is a gold, uranium and base metals explorer on the move 3,000+ shareholders 634 million shares issued $11 million market capitalisation $2 million in cash
Slide 7: NSW Exploration
For personal use only NSW EXPLORATION
Slide 8: Golden Cross properties map
Darwin # Esmeralda g) caims Mount Isa (vu) Highland Sherrin Quita Bowen (4u Ag) Mount Isa Mulga Tank Katalpa (ni pcm’s) (UNI Au) ae, 2 Canbelego Yellow Mt (au cv) (Cu Au Zn Pb Ag) Yarindury\ Kalgoorlie Wagga Tank ’, Perth @ (rouse ffl D)(cuzn Po Ag Au) @ Kilparney (Au cu) 2 A Rast (Au cu Pb Zn) N We
Slide 9: Lachlan Fold Belt property map
Peak Hill @ Northparkes ® Copper Hill 33°S I e MOLONG €. PARKES > ORANGE e \ 6) Cadia-Ridgeway es) RITRURST Junction Reefs GCR Property ; ® @ Cu-Au Mines Gidginbung Ordovician Centres
Slide 10: Copper Hill
For personal use only Copper Hill
Slide 11: Copper Hill resource estimates at a range of cut-off grades
Copper Hill Resource Estimates at a range of cut-off grades For personal use only Copper Tonnes Copper Gold (g/t) Contained Contained Cutoff (Mt) (%) Copper (Kt) Gold (M oz) (%) 0.10 328 0.21 0.20 702 2.11 0.15 211 0.26 0.24 557 1.62 0.20 133 0.31 0.28 421 1.20 0.25 83 0.37 0.33 310 0.88 0.30 51 0.4
Slide 12: Copper Hill conceptual pit optimisation studies
• Copper Hill Project – Conceptual Pit Optimisation Studies For personal use only Case 1 Case 2 Case 3 • US$/oz Au 500.00 600.00 700.00 • US$/lb Cu 1.80 2.65 3.50 • Operating A$250 m A$600 m A$900 m NPV 8 Mtpa No plant capital included Mill Feed, million tonnes @ 8 Mtpa 44 94 118
Slide 13: Copper Hill Project – Potential Production
Copper Hill Project – Potential Production For personal use only 8 million tonnes per annum throughput over a 12-year mine life to produce in total recoverable 260,000 tonnes of copper and 400,000 to 500,000 ounces of gold Worth over US$2 billion @ US$7,000/tonne Cu & US$890/oz Au, assuming 85% Cu a
Slide 14: Mining & Metallurgy
Mining & Metallurgy For personal use only • Low strip ratio at 0.6 : 1 • Geotechnical review positive • Short load-haul-dump to ROM pad • Low BWi indicated = lower cost crushing & grinding • Standard sulphide flotation circuit • 85-90% Cu recoveries indicated, Au ~ 55% recovery; may be 85% with CIL
Slide 15: Maximising Value
Maximising Value For personal use only • Primary components present in the deposit: • Copper, gold, sulphur and iron • Higher value products with minimal waste and greatly improved environmental outcomes
Slide 16: Maximising Value
Maximising Value For personal use only • Roasting of Copper Hill sulphides (CuFeS2 and FeS2) would yield sulphur dioxide (SO2) which can be converted to sulphuric acid (H2SO4) and a calcine from which the copper and gold would be leached to produce cathode copper (SX/EW) and bullion gold by CIL, the
Slide 17: Superphosphate
Superphosphate For personal use only • A conceptual processing study indicates that dicalcium superphosphate production at Copper Hill could be also be achieved using phosphate rock treated with the SO2 generated by the roasting of sulphides.
Slide 18: Mine Site Schematic
For personal use only Tailings Waste dump 132K v Pow Copper Hill North Mill and Plant er Line Boundary Pit Copper Hill Pit yor nve Co Ra ilw ay Wattle Hill Pit Mine Site Schematic Rail Loader
Slide 19: Infrastructure and Support
Infrastructure and Support For personal use only • Railway spur line to the foot of Copper Hill • 4.5 km to 132Kv electrical sub-station • Supply chains, fabrication, services • 35 km from Lake Burrendong • Molong community support • Cabonne Council support • State Government support
Slide 20: Copper Hill Infrastructure
Molong 132Kv Sub-station For personal use only 4.5km 4.5km Existing Railway Copper Hill Infrastructure
Slide 21: Copper Hill Railway
For personal use only Copper Hill Railway
Slide 22: Molong Substation
For personal use only Molong Substation
Slide 23: New Targets
New Targets For personal use only • Power IP and geochemical Anomaly • Vale Head and Wattle Hill IP anomalies • Little Copper Hill • Boundary – Copper Hill North zone • Southern aeromagnetic anomalies
Slide 24: Magnetics: Copper Hill – Power – Vale Head IP
For personal use only Magnetics Copper Hill – Power – Vale Head IP
Slide 25: Copper Hill Aeromagnetics
For personal use only Copper Hill Aeromagnetics
Slide 26: For personal use only
Katnipa ta bus Canbalaga ae 1 - Yellow Mt a F o— Wirlineairy Broken Hil) ep ee a _ Copper Hill i Mii anriry ® ® —— Sunny Comer Rast jae ts ete : a” #, et Kempflcdd i H Wee Ov yn orn Po el cuin . c a Ca 2 Stier orga Me —— Callarin Tablstep Golden Cross Properties KER Acquisition Farmed aut
Slide 27: GCR - Joint Ventures
GCR - Joint Ventures For personal use only Broken Hill – Vale (CVRD-Inco) Cargo –Calibre Mining Cullarin - Tri Origin Kempfield, Sunny Corner & West Wyalong – Argent Minerals Mount Isa Phosphate – Legend International Mulga Tank – Newport Exploration Wagga Tank – Zinifex Total for earn-ins = $15.5 m
Slide 28: Gold and base metals in the Cobar Basin
Gold and base For personal use only metals in the Cobar Basin GCR’s Cobar region tenements. Large areas of Ordovician and Silurian rocks prospective for gold - and base metals < 50km >
Slide 29: Canbelego Au – Cu-Pb-Zn
For personal use only Canbelego Au – Cu-Pb-Zn
Slide 30: Burra Au – Cu-Pb-Zn
For personal use only BURRA Burra Au – Cu-Pb-Zn
Slide 31: Canbelego – Mount Boppy Au & Burra Cu mines
For personal use only Canbelego – Mount Boppy Au & Burra Cu mines
Slide 32: Burra Copper Mine
BURRA COPPER MINE Significant sulphide For personal use only mineralisation grading up to 6.45% copper. Results: 3m at 2.84% copper including 1m at 6.45% copper 4m at 1.25% copper 4m at 1.32% copper including 1m at 3.36% copper
Slide 33: Burra Copper Mine drill location plan
Burra Copper Mine – For personal use only Drill location plan for proposed program (red) and alternatives (blue)
Slide 34: Burra Copper Mine – Section 6502450N
For personal use only Burra Copper Mine – Section 6502450N
Slide 35: Burra Copper Mine – Section 6502400N
For personal use only Burra Copper Mine – Section 6502400N
Slide 36: Burra Copper Mine – Section 6502350N
For personal use only Burra Copper Mine – Section 6502350N
Slide 37: Rast Project Areas – Cobar Basin
Rast Project Areas – Cobar Basin For personal use only ~Airborne Magnetic Anomalies~ An assessment of the airborne magnetic data over much of the Rast South tenement block has identified a total of 20 magnetic anomalies. The sources of these anomalies are unknown, as most lie in areas of no outcrop
Slide 38: For personal use only
Darwin @ Esmeralda (Wau) Cairns Mount ‘sa (uv) ® , Brisbane Mulga Tank Katalpa (ni pcm’s) (U Ni Au) | © 2 Canbelego Yellow Mt (au cu) (Cu Au Zn Pb Ag) Yarindury( Cu Kalgoorlie 2 . Wagga Tank Perth Broken Hill ==) cuznroaga) @ 2 3 Kilparney (Au cu) — - A Rast (Au Cu Pb Zn) 2 ® Sunny Corner Kempfield
Slide 39: Mulga Tank
Mulga Tank (U.Ni Au) a Kalgoorlie Perth @ Lachlan Fold Belt Curnamona Province Bowen Basin ™@® Georgetown Inlier == Mt Isa Inlier Georgina Basin Yilgarn Block Darwin @ Esmeralda (Wau) Mf Cairns Mount Isa (vu) Highland Sherrin —— Quita Mount Isa i) ® | Brisbane ceralas (Ni PGM’s) 2 Canbelego Yellow M
Slide 40: Gold in Panama
For personal use only Gold in Panama
Slide 41: Panama – a democratic republic
For personal use only Panama - a democratic republic with close ties to the United States. $US currency. It has an open-market economy and a strong banking sector.
Slide 42: The economy is vibrant
For personal use only The economy is vibrant. Panama’s currency is the US dollar, with no exchange restrictions. Company income tax rate is 30%, and a 2% net smelter return government royalty is payable on mine production.
Slide 43: Central Panama Detail Area
Central Panama Detail Area ATLANTIC OCEAN . Panama City Pan American Awe ete Gulf of Panama 2 a) PACIFIC OCEAN [5 Gcr Only Applications ZA GCR Managed JV Granted ZA GCR Managed JV Applications
Slide 44: Central Panama Concession Plan
ATLANTIC OCEAN Petaquilla 1.1 Bt 0.5% Cu, 0.051% Mo, 0.09 g/t Au © Cerro Chorcha 162 Mt © Moiejon 1 Moz 2.5g/t Au Cordillera Alta i [| Santa Fe 0.63% Cu, 0.08 g/t Au ’ Cerro Colorado David 1.3 Bt or 1300 Mt 0 0.76% Cu, 0.08 g/t Au ® Rio Tabasara Sin Boca de Higui Cerro Mejico Remance 100,000 oz Au 5
Slide 45: Labrador Uranium - Canada
For personal use only Labrador Uranium - Canada
Slide 46: For personal use only
Ungava Bay Churchill Province Superior Province Labrador Sea (Atlantic Ocean) Nain Province Makkovik . Province Grenville Province
Slide 47: Notakwanon - Uranium
NOTAKWANON - URANIUM Rust-a-sheared | ankina Tick
Slide 48: Notakwanon Uranium Channel Stacked Profiles
For personal use only Notakwanon Uranium Channel Stacked Profiles Notak 1 Anomaly
Slide 49: Uranium sample assays
For personal use only 2.28% and 1.26% U308 Six other samples returned assays of between 0.2% and 0.8% U308, with all 23 samples 1 averaging 0.26% U308.
Slide 50: Golden Cross explorer gearing up
For personal use only Golden Cross is a gold, uranium and base metals explorer gearing up • With $2 million in cash • 3,000 shareholders • 634 million shares issued
Slide 51: With some great discoveries just around the corner
…….. with some great discoveries For personal use only just around the corner. GCR is on the move and, with its partners is drilling ahead. Please visit our website: http://www.goldencross.com.au
Golden Cross Resources — Mining NSW Conference (September 2008) on 6ix