Slide 1: Exploring major copper-gold systems in PNG
For personal use only “Exploring major copper‐gold systems in PNG” ASX:COY August 2012
Slide 2: Disclaimer
Disclaimer For personal use only This document is not a disclosure document nor does it constitute the provision of financial product advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information. The information is provided expressly on the basis t
Slide 3: Highlights
Highlights For personal use only • Nakru‐1: Maiden Inferred Resource of 38.4 Mt grading 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag containing 233,400 tonnes of copper, 11 tonnes of gold and 69 tonnes of silver. Conceptual Mining Study to be completed by September. Further drilling required to define the u
Slide 4: Company Overview
Company Overview (ASX:COY) For personal use only Current Shares on Issue 160 million New Guinea Gold Corp (TSX‐V:NGG) 13.2% Vangold Resources Ltd (TSX‐V:VAN) 8.8% National Nominees Ltd 5.2% Barrick 4.0% Share Price 2.5 cents Market Capitalisation $4.0 million Cash at Bank $0.5 M Top 20 Shareholders
Slide 5: Board and Management
Board and Management For personal use only Dal Brynelsen – Non Executive Chairman, CEO of Vangold Resources Ltd (TSX:VAN), founding Director of Griffin Mining. Over 30 years experience in the mining industry. Peter Swiridiuk – Managing Director, 22 years experience with copper and gold exploration i
Slide 6: Value of Coppermoly compared to peers
Value of Coppermoly compared to peers For personal use only • Coppermoly (ASX: COY) A$4m – PNG Copper porphyry • Marengo Mining (ASX: MGO) A$125m – PNG Copper porphyry • Robust Resources (ASX: RLO) A$63m – Indonesia Copper • Intrepid Mines (ASX: IAU) A$173m ‐ Indonesia Copper and Gold • Hot Chili (A
Slide 7: Papua New Guinea – Highly Mineralised
Papua New Guinea – Highly Mineralised For personal use only COPPERMOLY Lihir ‐ 40 Moz AuEq Frieda ‐ 1060 Mt at 0.53% Cu, Simuku 0.29g/t Au 200Mt at 0.47% Cu.Eq Porgera – 25 Moz Au Ok Tedi – Yandera ‐ 663 Mt at 0.76% 667 Mt at 0.33% Cu Panguna – Cu, (Bougainville) 0.85g/t Au Wafi ‐ Golpu 944Mt at 0.4
Slide 8: Kimbe – Provincial capital and Base of Operations
Kimbe – Provincial capital and Base of Operations For personal use only • Projects have access to deep water port at provincial capital of Kimbe • Large palm oil industry has developed local infrastructure Port at Kimbe Barrick Office
Slide 9: New Britain Island – Nakru and Simuku Projects
New Britain Island – Nakru and Simuku Projects • Vehicle access to deep water port at Kimbe For personal use only • Local infrastructure • Topography not extreme (200m to 800m) • Landowners supportive • Highly Prospective Copper Belt Topography SRTM Image
Slide 10: Camp at Nakru and track preparation
Camp at Nakru and track preparation For personal use only
Slide 11: Drilling at Nakru-1
For personal use only Drilling at Nakru‐1
Slide 12: Core Logging in Kimbe and near camp at Nakru
Core Logging in Kimbe and near camp at Nakru For personal use only
Slide 13: Nakru Copper-Gold-Zinc Systems
Nakru Copper‐Gold‐Zinc Systems For personal use only • 31 drill holes (7253m) at Nakru‐1, 2 & 4 • Further drilling required to test targets and define additional tonnages of mineralisation • Nakru‐01 Inferred Resource of 38.4Mt at 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag In accordance with Clause 18 of
Slide 14: Nakru – Copper Gold System
Nakru 1 – Copper Gold System For personal use only 1. Geophysics shows additional tonnage potential to be drill tested 2. 27 diamond holes for 5928m completed to date at Nakru-1
Slide 15: For personal use only
For personal use only 1. Inferred Resource of 38.4Mt grading 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag (0.2% Cu cut-off) 2. Inferred Resource of 21.6Mt grading 0.81% Cu + 0.39 g/t Au + 1.81 g/t Ag (0.5% Cu cut-off)
Slide 16: Rotating 3D Model of Nakru-1 Mineralisation
Rotating 3D Model of Nakru‐1 Mineralisation For personal use only
Slide 17: Nakru 2: Copper-Zinc System
Nakru 2: Copper‐Zinc System 800m Diameter System – 3 Diamond Holes for 1053m For personal use only • Drilling intersected a massive sulphide copper lens with 6.8m grading 3.8% Cu at 30m depth • Barrick completed on with one deep hole by intersecting 64m at 0.59% Cu at 141m depth. At 290.1m depth int
Slide 18: EL 2014 Makmak
EL 2014 Makmak For personal use only • Recently granted tenement occurs 9km south of Nakru and covers 280km2 • Pulding prospect returned rock sample assays of 10.7% Cu + 15.5 g/t Ag, 1.18% Cu, 2.91% Cu and 0.65% Cu • Access via logging tracks to south coast of the island • Numerous targets require g
Slide 19: Simuku Project
Simuku Project 20km from Kimbe Deep Water Port For personal use only
Slide 20: Simuku and Kulu porphyry copper district
Simuku and Kulu porphyry copper district For personal use only
Slide 21: Simuku Porphyry Copper Prospect
Simuku Porphyry Copper Prospect Diamond Drilling of 37 holes for 10,248 metres For personal use only Drilling to re‐commence in September • 200 million tonnes at 0.47% Copper Equivalent (0.3% Cu.Eq cut‐off) • Drilling intersects 0.24% copper over 1000m, including 43m at 0.54% Cu from 224m depth. Nay
Slide 22: Future PNG Plans
Future PNG Plans For personal use only Current Projects New Projects: Agreement with Barrick (PNG 100% Coppermoly Exploration) with continued drilling planned. Possible divestment of their 72% • EL 2014 Makmak granted for two in Simuku and Nakru years with sampling, mapping and Simuku: geophysics re
Slide 23: Summary
Summary For personal use only • Barrick to continue drilling in 2012 while looking to sell its 72% interest. • Simuku: Copper mineralisation to over 1000m depth with drilling continuing in September. • Nakru: Higher grade Copper system with drilling continuing in October. • Makmak: EL 2014 granted f
Slide 24: Contact Details
Contact Details For personal use only • Peter Swiridiuk – Managing Director • Maurice Gannon – Director of Operations and Company Secretary Ph +61 7 5592 1001 info@coppermoly.com.au www.coppermoly.com.au
Slide 25: Notes: Copper Equivalence
Notes: Copper Equivalence For personal use only • Mineralisation at Simuku consists of copper, molybdenum, gold and silver. • Copper equivalent values for Simuku been calculated as (Cu + (7.6 x Mo) + (7818 x Au) + (101.3 x Ag)) • The copper equivalent values for intersections are quoted in addition
Slide 26: Notes
Notes: For personal use only • All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection). • Barrick Drill core and rock samples were transported to the field camp site then to the Barrick base in the town of Kimbe. The drill core was l