Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Shareholder Meeting (November 2009)
28 slides from Golden Cross Resources's shareholder meeting presentation, Nov 20, 2009
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 19th November 2009 Kim Stanton-Cook Managing Director
Slide 2: Disclaimer and Competent Person Statement
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 3: Board
For personal use only Board Chris Torrey – non-executive Chairman Kim Stanton-Cook - Managing Director Steven Xiao – Director Business Development David Timms – non-executive Director Xiaoming Li – non-executive Director Suzanne Qiu – non-executive Director Simon Lennon – Company Secretary
Slide 4: GCR - Current Status
For personal use only GCR - Current Status $3.5 million funds injection from CUMIC GCR is seeking new exploration and development projects. 铜山– under potential partner/investor review and new, value-adding processing options under consideration. Potential for mill & plant to be China-sourced. Select
Slide 5: Copper and gold deposits are GCR's primary targets
For personal use only Copper and gold deposits are GCR’s primary targets plus base metals, uranium and nickel Uranium, phosphate, gold-silver Gold, nickel and uranium in in Queensland. Coal applications Western Australia Copper – Gold, base metals + iron in New South Wales Copper Hill Inferred-Indic
Slide 6: Global exploration interests: Gold & Copper in Panama
For personal use only Golden Cross also has global exploration interests in secure, stable countries: Gold & Copper in Panama President Ricardo Martinelli heads a new pro-mining government Six applications over porphyry copper and epithermal gold targets.
Slide 7: Uranium in Labrador, Canada
For personal use only Uranium in Labrador, Canada. +3.4% U3O8 from outcrop samples North of Notak 1 and 2% U3O8 from new prospects ‘Old School’ and ‘Rumble’ 1200 metre drilling program under consideration for 2010
Slide 8: The GCR-CUMIC Alliance
For personal use only …and now, the GCR-CUMIC Alliance Another link between Australia and China
Slide 9: Exploration Team
For personal use only Exploration Team Kim Stanton-Cook - Managing Director - Geologist Bret Ferris – Exploration Manager - Geologist David Timms – non-executive Director - Geologist Glenn Coianiz – Senior Geologist – IT & GIS Specialist Charlotte ‘Charlie’ Seabrook – Project Generation Geologist Fr
Slide 10: Golden Cross Properties map
2 = j) oD) D) =) @ ‘= © D i @® a. = © LL, Darwin @ Mount Isa (UP Cu-au) Highland Sherrin-Lily . Quita . Bowen (Au 4g) \p) & Mount Isa ss Mt Mackenzie \ > 10 Mile ck Ue Olympic Domain Queensland Coal (Cu Au U) (Coal) Oolgelima Hill Chinchilla South » Warriner Creek Dalby 2 a) Brisbane Codna Hill Warw
Slide 11: Golden Cross Properties map
2 = j) oD) D) =) @ ‘= © D i @® a. = © LL, Darwin @ Mount Isa (UP Cu-au) Highland Sherrin-Lily . Quita . Bowen (Au 4g) \p) & Mount Isa ss Mt Mackenzie \ > 10 Mile ck Ue Olympic Domain Queensland Coal (Cu Au U) (Coal) Oolgelima Hill Chinchilla South » Warriner Creek Dalby 2 a) Brisbane Codna Hill Warw
Slide 12: Copper Hill: New Pit Optimisations
For personal use only COPPER HILL: New Pit Optimisations SETTING THE TRACK TO PRODUCTION 铜山 (Copper Hill) Kim Stanton-Cook Managing Director
Slide 13: Copper Hill
For personal use only 铜山 Copper Hill
Slide 14: Copper Hill Grade Distribution
For personal use only Copper Hill Grade distribution @ 0.4% Cu cutoff ¾0.6% Cu ¾O.4% Cu <500 metres> North
Slide 15: Copper Hill Project Whittle Shells for Cases 1, 2 & 3
Copper Hill Project Whittle Shells for Cases 1,2 &3
Slide 16: For personal use only
For personal use only
Slide 17: Copper Hill JORC Resource Estimate
铜山 Copper Hill JORC Resource Estimate 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 Containing 3.3 million tonnes sulphur in chalcopyrite (CuFeS2) & pyrite (FeS2)
Slide 18: Copper Hill Mining & Metallurgy
铜山 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 • ‘Clean’, high-quality Cu-Au concentrate • Concentrate loaded on rail
Slide 19: Conventional approach does not maximise value
Conventional approach does not maximise the For personal use only value of the elements present at Copper Hill. Copper Gold Sulphur Iron
Slide 20: Copper Hill Maximising Value
铜山 Maximising Value For personal use only • Australian companies should try and add value. GCR wants to be one of them. • By producing copper metal, bullion gold, sulphuric acid and iron granules • Higher value products with minimal waste and greatly improved environmental outcomes
Slide 21: Copper Hill Maximising Value
铜山 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 a
Slide 22: Copper Hill Project – Higher Recoveries
Copper Hill Project – Higher Recoveries ~ PROJECTIONS ~ For personal use only • Discounted Cash Flow of $360M (10% discount rate) after $420 million capex deducted • 19.5 year mine life • PRODUCTION OF OVER 335,000 TONNES COPPER, 1.1 MILLION OUNCES GOLD • 3.3 MILLION TONNES SULPHUR FOR 9 MILLION TON
Slide 23: Copper Hill Project – Additional Revenue
Copper Hill Project – Additional Revenue For personal use only Recover SO2 for sulphuric acid production & After Cu and Au leaching, granulate the Fe2O3 calcine for sale. ADDED VALUE ~ NO WASTE!
Slide 24: Copper Hill Process
铜山 Process – For personal use only • Conventional Circuit comprising crusher, stockpile, reclaim, SAG mill, ball mill, rougher, cleaner float with regrind and pyrite circuit, • Concentrate thickening, filtration, storage, loading, tailings thickening and dam augmented by the addition of concentrate
Slide 25: Copper Hill Project Simplified Flowsheet
= ) @ iD) S @ Cc ‘e) CH) — @ o) = ©) LL, 4 COPPER HILL PROJECT SIMPLIFIED FLOWSHEET Sulphide Roaster Sulphuric Concentrate CALCINE yN Cu-Au in Fe2Os Copper Sx WY f L ] — Copper Electro- Winning Fe2Os for sale LME grade cathode copper
Slide 26: Key Points
KEY POINTS: For personal use only • Mine-crush-grind-flotation at Copper Hill producing total sulphide concentrate for loading to existing on-site rail-head • Rail concentrate to purpose-built roaster–acid plant–SX-EW– CIL in South Australia • China National Automation Control System Corp (CACS) per
Slide 27: Copper Hill Infrastructure
Molong 132Kv Sub-station For personal use only 4.5km Existing Railway Copper Hill Infrastructure
Slide 28: Golden Cross is quietly achieving…
For personal use only Golden Cross is quietly achieving… • CUMIC Alliance affords great opportunities for GCR • Global search for advanced copper-gold projects • Drilling to commence on gold and copper projects
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