White Cliff Minerals Limited · ASX:WCN
White Cliff Minerals — Investor Presentation (July 2018)
30 slides from White Cliff Minerals's investor presentation, Jul 3, 2018
Slide 1: Central Asian Gold and Copper – June Quarter Report
For personal use only Investor Presentation Central Asian Gold and Copper June Quarter Report June 2018
Slide 2: Disclaimer
Disclaimer For personal use only Private and Confidential • This document is a private and confidential report prepared by White Cliff Minerals Limited (“White Cliff” or the “Company”) for use by White Cliff and its Advisers. It is not to be distributed to third parties without the prior approval of
Slide 3: Quarterly Exploration Summary
Quarterly Exploration Summary For personal use only • Exploration completed in June quarter – JORC compliant inferred gold resource estimate – JORC compliant inferred copper resource estimate – Geochemical rock chip and soil sampling program • JORC Gold resource +60%, JORC Copper resource +50% – 484
Slide 4: Copper-Gold Investment Overview
Copper-Gold Investment Overview For personal use only • High grade gold deposit – Visible gold in outcrop at surface – Simple metallurgy - 88% gravity gold and 98% total gold recovery – Large scale, resource growth potential, open in all directions • Extensive porphyry copper deposit – Outcrops at s
Slide 5: Corporate Structure
Corporate Structure For personal use only Capital Structure – 25 June 18 • Listed in 2007 (ASX Ticker: WCN) Issued Shares 3,849M • Gold Projects- Australia and Kyrgyz Unlisted Options (1.2c ex price expiring 1 Dec 2018) 30 M Listed Options (1.3c ex price expiring 31 Dec 2018) 151 M – Merolia Gold pr
Slide 6: Location and Country
Location and Country For personal use only • Democratic republic bordering Kazakhstan and China • Strong government support for new mining projects – Prime Minister opening mines – Improved mining law – Secure licence tenure – Strong rule of law • Sharp lift in mining activity • Simple revenue based
Slide 7: Local Infrastructure and Mining
Local Infrastructure and Mining For personal use only • Good infrastructure – Excellent access roads – Within 200 km of rail – Low cost of skilled labour – Grid power (~US$0.04/kwh) • Close to regional mining hubs – Taraz (175km), Namagan (200km) – 30km from Ishtamberdy mine and; – 60km from Bozymch
Slide 8: Tenure and Physiography
Tenure and Physiography For personal use only Project Tenure: • 57.25 km2 permit • Valid to Dec 2020 • Convertible to mining permit (25 years) Physiography: • Uninhabited valley • Elevated access road • 25km to local village • Local water (for Mill) • Building sites available for mill and infrastruc
Slide 9: The Aucu Gold Deposit
The Aucu Gold Deposit For personal use only • Inferred Mineral Resources: • Simple Metallurgy – 484,000 Oz gold (3Mt at 5.1 g/t) – 88% gravity recoverable gold – 4,000t Copper (700Kt at 0.51% Cu) – 98% total recovery – Outcrops at surface: visible gold – Open at depth and along strike • Resource Gro
Slide 10: Aucu Gold Deposit: Resources and Potential
Aucu Gold Deposit: Resources and Potential For personal use only Upper Gold Zones: Sandstone Zone: Blue lines: Quartz Zone: 116,000 Ounces 102,000 ounces Mineralised faults 76,000 ounces 4.7 g/t gold 11.4 g/t gold Untested by drilling 4.5 g/t gold Lower Gold Zones: 148,000 Ounces 4.0 g/t gold Camp G
Slide 11: Aucu Gold: Metallurgy
Aucu Gold: Metallurgy For personal use only • Excellent Gold Recovery • Hosted in Sandstone – 98% overall recovery1 – Moderate hardness – 88.6% gravity gold recovery2 – Ease of liberation – 278 samples from mineralised – Ease of blasting intersections across whole deposit – Ease of mining – Ease of
Slide 12: Key Project Milestones
Key Project Milestones For personal use only Date Project Milestones Milestone Indicates milestone has been met Apr -17 2017 resource estimate: 302,000 Oz (1.8Mt at 5.2 g/t gold) May-17 Metallurgical update ( high recoveries of gold and copper) July-17 Mine optimisation study July-17 Resou
Slide 13: Alluvial Placer Gold System
Alluvial Placer Gold System For personal use only • Alluvial placer gold system: – Visible gold nuggets in river – Gold eroding from Aucu gold deposit – 16km long alluvial system – 80-200m wide and 15m deep – Volume: ~11-13 million m3 (22-26Mt) • Bulldozer trench results: – 10 trenches – 50-80 metre
Slide 14: Chanach Alluvial Placer Gold System
Chanach Alluvial Placer Gold System For personal use only 4.5km of alluvial mining ASX:WCNPAGE 14
Slide 15: Chanach Porphyry Copper Deposit
Chanach Porphyry Copper Deposit For personal use only • Inferred Mineral Resources: Cu porphyry target – 60,000t Copper (16.5 Mt at 0.36%) Cu soil anomalies & Skarn Cu target – Outcrops at surface – Open to north and east • Resource Growth Potential: – Strong copper soil anomaly north and east outsi
Slide 16: Porphyry Copper & Epithermal Gold Targets
Porphyry Copper & Epithermal Gold Targets For personal use only Cu porphyry target Cu soil anomalies & Skarn Cu target Copper porphyry deposit 16.5Mt at 0.37% Cu Epithermal gold targets Identified – not drilled Cu porphyry targets Buried Cu porphyry target Porphyry Cu target Epithermal gold targets?
Slide 17: Planned Exploration and Development
Planned Exploration and Development For personal use only • Aucu Gold Deposit • Porphyry Copper Deposit – 484,000 Oz (3Mt at 5.1 g/t) – 60,000t Copper (16.8 Mt at 0.36%) – Resource drilling program (1500m) – Resource drilling program – Resource estimate 2018 • Porphyry Copper Targets – Detailed meta
Slide 18: Aucu Gold: Development Schedule
Aucu Gold: Development Schedule For personal use only Mar Q2 Q3 Q4 Q1 Q2 Q3 Q4 Activity 2018 2018 2018 2018 2019 2019 2019 2019 Exploration Geochemical Sampling Roads and Tracks Drilling Resource Estimate Mine Development Metallurgy Mine Optimisation Baseline Studies Mining Studies This plan represe
Slide 19: Copper-Gold Investment Overview
Copper-Gold Investment Overview For personal use only • High grade gold deposit – Visible gold in outcrop at surface – Simple metallurgy - 88% gravity gold and 98% total gold recovery – Large scale, resource growth potential, open in all directions • Extensive porphyry copper deposit – Outcrops at s
Slide 20: Important Information
Important Information For personal use only Competent Person Statement • The information in this report that relates to Exploration Targets is based on information compiled by Mr Todd Hibberd, B.Sc Hons (Geology), MSc (Mineral economics), Dip Bus, Member AusIMM, Member AICD and an employee of White
Slide 21: Contacts
Contacts For personal use only Todd Hibberd Managing Director T: +61 (8) 9321 2233 Mike Langoulant Chairman T: +61 (8) 9321 2233 White Cliff Minerals Limited T: +61 (8) 9321 2233 A: Suite 2, Level 1, 47 Havelock Street, West Perth WA 6005 | P: PO Box 368, West Perth WA 6872 E: info@wcminerals.com.au
Slide 22: Appendix 1 - The Kyrgyz Republic
For personal use only APPENDIX 1- THE KYRGYZ REPUBLIC ASX:WCNPAGE 22
Slide 23: Kyrgyz Republic – Central Asia
Kyrgyz Republic – Central Asia For personal use only • Ceded from USSR in 1991 Economics • Parliamentary democracy • GDP ~USD$6.5 billion (2015) • Population ~6 million (2015) – GDP per capita $USD 3,363 – 73% Kyrgyz ethnicity • Main GDP Contributors (2013 est.) – 14% Uzbek ethnicity – Agriculture:
Slide 24: International Mining in Kyrgyz
International Mining in Kyrgyz For personal use only Contained Contained Company (Listing) Deposit Gold (Oz) Copper (kt) Status Centerra (TSX) Kumtor 13.5 Million Production Charaat (AIM) Charaat 6.1 Million Feasibility Linbao Gold (HK) Ishtamberdy 5.0 Million Production KAZ Minerals (LSE) Bozymchak
Slide 25: Regional Mining Activity
Regional Mining Activity For personal use only Tien Shan-Copper Belt Deposit Mining Status Terek Sai (Au) Production 2000 Bozymchak (Cu-Au) Production 2015 Ishtamberdy (Au) Production 2014 Charaat (Au) Development Kuru Tegarek (Cu-Au) Production 2017 ASX:WCNPAGE 25
Slide 26: Project Access and Licensing
Project Access and Licensing For personal use only • Access To Kyrgyz Republic • Existing exploration expenditure – Ex London via Dubai, Turkey or commitment Moscow – Aggregate of $USD 1.6M over 5 – Ex Perth via Dubai, Guangzhou, years to 2020 Beijing or Kuala Lumpur – Above commitment already met –
Slide 27: Upper Gold Zone
Upper Gold Zone: For personal use only • Inferred JORC Resource – 116,000 Oz gold (770Kt at 4.7 g/t) • Outcrops at surface – 2-4 metres wide – Visible gold in outcrop – +300 metres long to date Surface trace of Upper Gold Zone • RC drill assay results include: – 4 metres at 23 g/t gold – 4 metres at
Slide 28: Lower Gold Zone
Lower Gold Zone: For personal use only • Inferred JORC Resource – 148,000 Oz gold (1.1Mt at 4 g/t) • Outcrops at surface – 8-10 metres wide – Visible gold in outcrop – +400 metres long to date • RC drill assays results include: Outcropping Lower Gold Zone – 6 metres at 38.2g/t gold – 19 metres at 6
Slide 29: Sandstone Zone
Sandstone Zone: For personal use only • Inferred JORC Resource – 102,000 Oz gold (280kt at 11.4 g/t) • Outcrops at surface – 2-6 metres wide – Visible gold panned from surface – +400 metres long to date Surface trace of Sandstone Zone (looking NE) • RC drill assay results include: – 4 metres at 60 g
Slide 30: Quartz Zone: Native Gold at Surface
Quartz Zone: Native Gold at Surface For personal use only • Inferred JORC Resource – 75,000 Oz gold (550kt at 4.5 g/t) • Outcrops at surface – Visible gold in outcrop – 3-10 metres wide and +500m long Visible gold panned from Quartz Zone • RC drill assay results include : – 11 metres at 15.2 g/t gol
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