Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Investor Presentation (May 2008)
70 slides from Golden Cross Resources's investor presentation, May 20, 2008
Slide 1: 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, industry growth or other trend projections.
Slide 2: Gold, uranium and base metals explorer with drilling underway
For personal use only Golden Cross is a gold, uranium and base metals explorer with drilling underway. GCR’s origins lie in the Lachlan Fold Belt of central New South Wales. GCR expanded into the Curnamona Province, home to Broken Hill.
Slide 3: Expanding to include phosphate resources
For personal use only Golden Cross is a gold, uranium and base metals explorer expanding its range to include phosphate resources. Mount Isa, Georgetown and Bowen regions of Queensland
Slide 4: 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 5: New exploration interests: gold in Panama
For personal use only Golden Cross also has new exploration interests: Gold in Panama Drilling has commenced, IP, magnetics completed
Slide 6: Uranium in Labrador, Canada
For personal use only & Uranium in Labrador, Canada. Airborne radiometrics & magnetics flown. Data being processed by McPhar Geophysics
Slide 7: Explorer on the move
For personal use only Golden Cross is a gold, uranium and base metals explorer on the move. 3,000+ shareholders 631 million shares issued $27 million market capitalisation $4 million in cash
Slide 8: Australian Exploration
For personal use only AUSTRALIAN EXPLORATION
Slide 9: For personal use only
Darwin # Esmeralda g) caims Mount Isa (vu) Highland Sherrin Quita Bowen (4u Ag) Mount Isa Mulga Tank Katalpa (ni pcm’s) (UNI Au) ae, 2 Canbelego Yellow Mt (au cv) (Cu Au Zn Pb Ag) Yarindury\ Kalgoorlie Wagga Tank ’, Perth @ (rouse ffl D)(cuzn Po Ag Au) @ Kilparney (Au cu) 2 A Rast (Au cu Pb Zn) N We
Slide 10: For personal use only
Peak Hill @ Northparkes ® Copper Hill 33°S I e MOLONG €. PARKES > ORANGE e \ 6) Cadia-Ridgeway es) RITRURST Junction Reefs GCR Property ; ® @ Cu-Au Mines Gidginbung Ordovician Centres
Slide 11: Copper Hill
For personal use only Copper Hill
Slide 12: Copper Hill Resource Estimates at a range of cut-off grades
Copper Hill Resource Estimates at a range of cut-off grades For personal use only Copper Tonnes Copper Gold (g/t) Contained Contained Cutoff (Mt) (%) Copper (Kt) Gold (M oz) (%) 0.10 328 0.21 0.20 702 2.11 0.15 211 0.26 0.24 557 1.62 0.20 133 0.31 0.28 421 1.20 0.25 83 0.37 0.33 310 0.88 0.30 51 0.4
Slide 13: Copper Hill Conceptual Pit Optimisation Studies
• Copper Hill Project – Conceptual Pit Optimisation Studies For personal use only Case 1 Case 2 Case 3 • US$/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 14: 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$7000/tonne Cu & US$890/oz Au at 85% Cu and 55% A
Slide 15: Copper Hill ONPVs
Copper Hill OPNV's For personal use only 1000 800 $ m illio n 600 ONPV @6Mtpa 400 ONPV @8mtpa $333 million capex 200 0 1 2 3 Case 1: Gold US$500, Copper US$1.80/lb. Cases Case 2: Gold US$600, Copper US$2.65/lb. Case 3: Gold US$700, Copper US$3.50/lb.
Slide 16: 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 17: Mine Site Schematic
Tailings 2 For personal use only Tailings 1 Waste dump 132K v Po Mill and Plant wer Copper Hill North Line Boundary Pit Copper Hill Pit yor nve Co Ra ilw ay Wattle Hill Pit Mine Site Schematic Rail Loader
Slide 18: 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 19: Copper Hill Infrastructure
Molong 132Kv Sub-station Ra i l w ay For personal use only stral ia Trans Au Exist 4.5km 4.5km in g R ai l way Copper Hill Infrastructure
Slide 20: Copper Hill Railway
For personal use only Copper Hill Railway
Slide 21: Molong Substation
For personal use only Molong Substation
Slide 22: 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 23: Magnetics: Copper Hill – Power – Vale Head IP
For personal use only Magnetics Copper Hill – Power – Vale Head IP
Slide 24: Copper Hill Aeromagnetics
For personal use only Copper Hill Aeromagnetics
Slide 25: 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 26: GCR - Joint Ventures
GCR - Joint Ventures For personal use only Broken Hill – Vale (CVRD-Inco) Cargo – Cybele Resources (Calibre Mining) Cullarin - Tri Origin Kempfield, Sunny Corner & West Wyalong – Argent Minerals Mount Isa Phosphates – Legend International Mulga Tank – Newport Exploration Wagga Tank – Zinifex Total f
Slide 27: 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 28: Canbelego Au – Cu-Pb-Zn
For personal use only Canbelego Au – Cu-Pb-Zn
Slide 29: 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 30: 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 31: Mount Isa
For personal use only Mount Isa 480 million tonnes @ 15% P2O5. GCR will retain 20%, free-carried to decision to mine, if Legend International earns its 80%. GCR retains 100% of all other minerals ~including uranium and IOCG style targets~
Slide 32: Esmeralda
For personal use only Esmeralda
Slide 33: Esmeralda Goldfield
Esmeralda Goldfield For personal use only 108 historical rock-chip samples confirmed the high grade nature of the workings, with 50% the samples assaying >3.0 g/t gold and a 25% assaying >10.0 g/t gold, with a maximum of 59.2 g/t gold. Trenches • Central workings: 3.0 metres of 3.3 g/t gold 9.0 metr
Slide 34: For personal use only
Mt Mackenzie Mt Cavana_ se Mount Carlton 12.6 million tonnes 2.11 g/t Au, 52 g/t Ag} Latest drill results 24m at 11.8 g/t Au 19m at 4.27 g/t Au 8.3m at 12.3 g/t Au Ay 10 Mile Creek <r C1 GCR Property * ~~ °@ Gold Prospects GCR 1+7-07
Slide 35: Bowen
For personal use only Rock chips of 6.3 to 16.8 g/t gold and 105 g/t silver over a 100m-long zone. Best drill result of 8m at 3.2 g/t gold. Geology is similar to the nearby Silver Hill - Mount Carlton gold – silver discoveries. Bowen
Slide 36: 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 37: Mulga Tank Magnetics
For personal use only Mulga Tank Magnetics The 4 km x 3 km Minigwal Dunite, (olivene- rich peridotite) stands out clearly.
Slide 38: For personal use only
For personal use only Hole MTD001 averaged 0.20% nickel across the entire 270m of serpentinised dunite from 67.3m MTD002 returned 0.19% nickel over 212m (from 60m). Shallow RAB samples assayed up to 2% nickel.
Slide 39: Location of Pole-Dipole IP Survey Lines
: Location of Pole-Dipole IP Survey Lines - (background of ground magnetics): Nominal Boundary of Magnetic Feature a we ay - ~~ an = ot cD —] mm 4008 L2S 6658000 m Datum: AGDS4 Projection: AMG 251 §20000 , 618000 mE 522000 mE
Slide 40: For personal use only
Mudge Tank Pobe-Lr Greened Magnetic Proie AMIE Nort (add Gf@0000) Moab Swed cr ondecton I sata AMIS Nort (nd 648 Appwent Mematvtty Mode based oe scllectal Netivity data AMIS Nort (add G@0000) Appanse Rewezetty Mocil with lncrpretaten Uvesiay Nee bead trearaty Savy
Slide 41: Gold in Panama
For personal use only Gold in Panama
Slide 42: Golden Cross Resources Tenements
ATLANTIC OCEAN Gulf of Panama PACIFIC OCEAN Golden Cross Resources Tenements
Slide 43: Panama - a democratic republic with close ties to the US
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 44: 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 45: 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 46: 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 47: Panama Veraguas Properties
For personal use only PANAMA Veraguas Properties
Slide 48: Boca de Higui
For personal use only Boca de Higui
Slide 49: 62.8 g/t gold in float – El Tiro
Rob Harley, GCR Exploration For personal use only Manager, in his element 62.8 g/t gold in float– El Tiro
Slide 50: Veraguas vein systems showing IP lines
For personal use only Veraguas vein systems showing IP lines
Slide 51: Proposed Drill Holes – Veta Blanca
Proposed Drill Holes – approximate approximate location location 918 918 For personal use only 100 918 200 N– 1 50N N– LH LH D-0 – LH D-0 91 8 D 4 05 0 1 -0 2 N– LH D-0 3 Adit Adit Tunnel Tunnel 11 eeiinn V aa V cc l laann a BB t t a Adit Adit VVee Tunnel Tunnel 22 Veta Blanca Prospect, looking look
Slide 52: Veta Blanca Section 918100N
502500E 502600E LHD-01 TRENCH L 41m strike length of vein material averaged 350mRL 27.2 g/t Au, 0.25% Cu, 4.8% Pb, 5.0% Zn (width 1.2m) Tunnel 1 Adit 300mRL 300mRL s i av Zone grading ) 11.54 g/t Au, 20.3 g/t Ag, & 0.12% Cu, 2.3% Pb, 3.55% Zn 250mRL oom 250mRL Los Hatillos - Panama § om eo VETA BLAN
Slide 53: Veta Blanca core – LHD-01
For personal use only Veta Blanca core – LHD-01
Slide 54: Proposed Drill Holes – El Tiro
Proposed Drill Holes –– approximate approximate location location For personal use only 65 0N 8 0N 5 - 91 60 D-0 - 9 18 550N LH D -06 - 918 LH 7 H D-0 L El Tiro Prospect, looking northeast
Slide 55: Labrador Uranium - Canada
For personal use only Labrador Uranium - Canada
Slide 56: For personal use only
Ungava Bay Churchill Province Superior Province Labrador Sea (Atlantic Ocean) Nain Province Makkovik . Province Grenville Province
Slide 57: Nuiklavik Caldera - Tenements
For personal use only Nuiklavik Caldera - Tenements
Slide 58: Nuiklavik Magnetics
For personal use only Nuiklavik Magnetics
Slide 59: Nuiklavik Total Count Radiometrics
For personal use only Nuiklavik Total Count Radiometrics
Slide 60: Nuiklavik uranium channel stacked profiles
For personal use only Nuiklavik uranium channel stacked profiles. Enlarge pdf image to see details.
Slide 61: Nuiklavik - Uranium Channel Stacked Profiles
For personal use only Nuiklavik - Uranium Channel Stacked Profiles
Slide 62: Notakwanon
For personal use only Notakwanon
Slide 63: Notakwanon uranium channel stacked profiles
For personal use only Notakwanon uranium channel stacked profiles. Enlarge pdf image to see details.
Slide 64: Notakwanon Uranium Channel Stacked Profiles
For personal use only Notakwanon Uranium Channel Stacked Profiles Notak 1 Anomaly
Slide 65: Notakwanon - Uranium
NOTAKWANON - URANIUM Rust-a-sheared | ankina Tick
Slide 66: Notak-1 fault zone
For personal use only Notak-1 fault zone
Slide 67: Notak-1 fault zone
For personal use only Notak-1 fault zone
Slide 68: For personal use only
For personal use only 2.28% and 1.26% U308 Six other samples returned assays of between 0.2% and 0.8% U308.. All 23 samples averaged 0.26% U308.
Slide 69: Golden Cross is a gold, uranium and base metals explorer gearing up
For personal use only Golden Cross is a gold, uranium and base metals explorer gearing up. • With $4 million in cash • 3,000 shareholders • $27 million market capitalisation
Slide 70: 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 drilling ahead. Visit our website: http://www.goldencross.com.au
Golden Cross Resources — Investor Presentation (May 2008) on 6ix