Slide 1: Copper and uranium exploration in South Australia
For personal use only Copper and uranium exploration in South Australia Company update presentation to brokers June 2012
Slide 2: Disclaimer
Disclaimer For personal use only • This document has been prepared by Core Exploration Limited (“Core”, “Company”) and provided as a basic overview of the tenements held or controlled by the company. This presentation does not purport to be all-inclusive or to contain all the information that you or
Slide 3: Investment Overview
Investment Overview For personal use only • Core Exploration (ASX:CXO) offers an investment opportunity into one of the world’s leading copper and uranium mining and exploration provinces. • Core’s first diamond drilling program intersected low levels of copper mineralisation on the 100%-owned Yorke
Slide 4: Yorke Peninsula Project - Copper
Yorke Peninsula Project - Copper For personal use only • YP Project covers 243km2 in analogous geological setting adjacent to Rex Minerals’ (RXM) Hillside tenements • YP Project within Olympic IOCG province (e.g. Olympic Dam, Prominent Hill, Carrapateena, Hillside) • Core’s first diamond drill progr
Slide 5: Core's Yorke Peninsula Project Similarities to Hillside
Core’s Yorke Peninsula Project Similarities to Hillside For personal use only • Similar host geology • Similar age structural and alteration systems • Large-scale structural setting • Similar scale magnetic targets • Similar scale gravity targets • IOCG style alteration • Vein and shear hosted coppe
Slide 6: Location of recent diamond drilling in Palace Structural Zone on YP
Location of recent diamond drilling in Palace Structural Zone on YP For personal use only
Slide 7: Yorke Peninsula - Significant copper drill intersections in first drill program
Yorke Peninsula - Significant copper drill intersections in first drill program For personal use only Drillhole From (m) To (m) Width (m) Grade Copper (Cu) WTDD001 226 228 2 0.23% including 227 228 1 0.45% WTDD002 147.8 151 3.2 0.07% including 147.8 150 2.2 0.10% WTDD002 159 160 1 0.07% WTDD002 165
Slide 8: Wauraltee Prospect - Copper sulphides with IOCG style alteration
Wauraltee Prospect - Copper sulphides with IOCG style alteration For personal use only Drill hole positions and geophysical models(Red = • Copper sulphides intersected in all 3 holes gravity, blue = magnetics) overlain on magnetic image at Core Exploration’s Wauraltee Prospect, Yorke drilled at Waur
Slide 9: Fitton Project: Copper/Uranium in northern South Australia
Fitton Project : Copper/Uranium in northern South Australia For personal use only • Mines and large deposits within the region: – Beverley Uranium Mine – Four Mile – Mt Gee • Proven world-class uranium mining district • High grade copper and uranium at surface • Only 25km from operating uranium plan
Slide 10: Fitton Project - High grade copper and uranium in outcrop
Fitton Project High grade copper and uranium in outcrop For personal use only • High grade 10.5% Copper and 0.34% U3O8 in recent outcrop samples* • 2,000m long shear zone mapped in granite • Uranium levels above 100ppm for over 800m • Also elevated gold 0.37g/t and 0.91g/t* • Soils indicate elevated
Slide 11: Fitton Project - High grade copper and uranium in outcrop
Fitton Project High grade copper and uranium in outcrop For personal use only 11
Slide 12: Fitton Project - Copper in soils, Uranium in soils
Fitton Project Copper in soils Uranium in Soils For personal use only 12
Slide 13: Fitton Project - Latest field work June 2012
Fitton Project Latest field work – June 2012 For personal use only • Malachite staining in outcropping portion of shear zone mapped over 100m • Numerous surface samples taken with copper staining and highly anomalous scintillometer readings (i.e. Copper +/- Uranium) • Ground mag recently completed a
Slide 14: Roxby Downs Project, S.A. - IOCGU
Roxby Downs Project, S.A. - IOCGU For personal use only Two tenements covering over 400km2 in the core of the Olympic Dam / Carrapateena IOCGU Zone Project located 40km south of Olympic Dam and within 10km of BHPB’s Wirrda Well and other IOCGU prospects A number of drill targets with strong ge
Slide 15: Forward Exploration Program
Forward Exploration Program For personal use only • Yorke Peninsula - Prospect scale geophysics and land access underway in preparation for next drilling program • Fitton – Ground mags, surface geochem and mapping underway. Drilling planned for Aug/Sep. • Grant of 400km2 ELs expected at Roxby South
Slide 16: Summary
Summary For personal use only • Copper mineralisation identified in first diamond drill program on the Yorke Peninsula in S.A. • High grade uranium and copper in outcrop at Fitton Project, S.A • Considering options to introduce senior partner on Roxby South Project near BHP’s Olympic Dam mine • Well
Slide 17: CXO: Corporate Summary
CXO : Corporate Summary For personal use only Capital Structure • Shares on issue 41.5M • Options (25c) 8.5M • Share Price (13/06/2012) ~$0.08 • Market Cap (undiluted) ~$3.3M • Cash (31 Mar 2012) $3.1 Board and Management Stephen Biggins Managing Director MBA, BSc (Hons) Geol, MAusIMM (ex SAU, & IVR
Slide 18: Competent Person statement
For personal use only The information in this report has been compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd and who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended pra
Slide 19: Appendix: Fitton rock chip results
Appendix 1 : Fitton rock chip results Name Zone Easting Northing Sample Cu ppm U ppm U3O8 ppm Au g/t MP0009 54J 365712 6686800 Rock chip 155 51.29 60.48 X For personal use only MP0010 54J 365699 6686831 Rock chip 103 624.43 736.33 X MP0011 54J 365552 6686859 Rock chip 16 83.59 98.57 X MP0011 54J 365