Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Shareholder Meeting (November 2010)
28 slides from Golden Cross Resources's shareholder meeting presentation, Nov 29, 2010
Slide 1: Golden Cross Resources Annual General Meeting
For personal use only Golden Cross Resources Annual General Meeting Monday, 29th November, 2010 Kim Stanton-Cook GCR Managing Director
Slide 2: The Molong Copper Mine painting
For personal use only Painting: “The Molong Copper Mine “ Watercolour by Conrad Martens c. 1845, National Library of Australia
Slide 3: Disclaimer and Competent Person Statement
DISCLAIMER This material contains certain forecasts and forward-looking information, For personal use only 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 4: Copper Hill Today
For personal use only Copper Hill Today – from the same vantage point as Martens’ 1845 painting
Slide 5: GCR Project Locations
unny Corner (Cu Pb Zn Au) Kempfield (8a Ac) 1000 km Adelaide Cullarin (cu Pb 2n Au) j™@® Lachlan Fold Belt = Curnamona Province @ Golden Cross Properties l@™ Bowen Basin © KER Acquisition * Galilee Basin ® Phosphate Farm-out mt Surat Sir © Joint Venture ‘@® Clarence-Moreton Basin @ Farmed out = Mt I
Slide 6: Copper Hill Project Status
Copper Hill Project Status For personal use only • New Resources Block Model estimated by Hellman & Schofield: 173 million tonnes containing 0.53 million tonnes copper and 1.47 million ounces of gold • Preliminary geotechnical parameters assessed • Whittle 4X pit optimization by AMDAD ongoing • Wate
Slide 7: Mine Geology & Exploration
Mine Geology & Exploration For personal use only • Multiple phases of intrusions and alteration being studied in detail • Structural elements being resolved • 50m by 50m drill spacing defines Measured Resources • Oxide gold program to commence December 2010 • New, higher grade zones emerging to the
Slide 8: Better drill intersections with step-outs to the north
Better drill intersections being made with step-outs to the north. Larger intersections with higher grade For personal use only intervals within. North of Buckley’s Hill GCHR298 a new zone in the making
Slide 9: North of Buckley's Hill GCHR314
Building our understanding, defining the zone and currently drilling beneath GCHR298 for extensions…. For personal use only North of Buckley’s Hill GCHR314 In progress 5 metres @ 0.47% Cu, 0.21 g/t Au from 77m metres 63 metres @ 0.48% Cu, 0.23 g/t Au from 98 metres and 66 metres @ 0.61% Cu, 0.36 g/t
Slide 10: The Copper Hill Resource at 0.2% copper cut-off
The Copper Hill Resource at a cut-off grade of 0.2% copper Note:The Measured, Indicated and Inferred Resource Estimates are reported under the 2004 JORC Code and Guidelines. For personal use only Search parameters for the categories as follows: Measured = 40m x 45m x40m (min 12 data); Indicated = 60
Slide 11: Primary mineralisation comprises 96% of resource
Primary mineralisation comprises 96% of the resource (tonnage) with 2% supergene and 2% oxide copper, as shown below: The resource estimates were performed using ordinary kriging, constrained above and below the base of oxidation For personal use only and either side of the Western Fault, but otherw
Slide 12: Pit Optimization
Pit Optimization Golden Cross Projects For personal use only Optimized pit shells are being updated and revised as new data is added.
Slide 13: Pit Optimization: Production rate scenarios
Pit Optimization For personal use only • Production rate scenarios • Owner mining vs contract mining • Pit optimization & cutback scenarios
Slide 14: Hydrology & Geotechnical
Hydrology & Geotechnical For personal use only • Hydrology – local aquifers identified. Aquaterra retained for hydrology and environmental studies. • PSM supervising on-going geotechnical programs including geotechnical holes, geotechnical domain classification & final wall slope recommendation for
Slide 15: Open Pit Design Check List
Open Pit Design Check List For personal use only • Cut-off grade analysis & maximization of Mineral Resource conversion • Estimates of mining factors and Ore Reserves • Mining method selection • Grade control • Drill and blast design • Equipment selection & automation • Load and haul simulation • St
Slide 16: Copper-Gold Sulphide Concentrate for Direct Sale Preferred Option
Production of a Copper-Gold Sulphide Concentrate for Direct Sale is now the Preferred Option for Copper Hill • Earlier Start-up For personal use only • Lower capital costs • China-sourced equipment and technology • Faster track to Production and Cash Flow • Construction time will be greatly reduced.
Slide 17: Assessment of capital cost items for Copper Hill
Assessment of capital cost items for the Copper Hill project. For personal use only • NERIN has completed a comprehensive assessment of capital cost items for the Copper Hill project. The cost savings realised by sourcing much of the crushing-grinding-flotation-filter equipment from China will be 30
Slide 18: Project Financing
Project Financing For personal use only • Cornerstone Chinese and Australian Investors • Feasibility Study => Lower Capex • Equity & Chinese Loans In recent introductory meetings with several Chinese banks in Beijing, the GCR management team was advised that bankable projects, importing equipment fr
Slide 19: Copper Hill Mine - Critical Issues
Copper Hill Mine - Critical Issues For personal use only • Final pit design, drill & blast design & slope monitoring method • Metallurgy and Processing • Capex & Financing • Tailings Dams • Property purchases • Water entitlements • Regulatory approvals
Slide 20: Other GCR Projects
Other GCR Projects For personal use only A Review for Shareholders
Slide 21: Cargo gold potential
For personal use only Gold potential at Cargo will be tested by drilling in early 2011. Potential for gold-bearing radial veins adjacent to the Cargo intrusion complex is overdue for testing. CARGO
Slide 22: Other NSW Projects
OTHER NSW PROJECTS Burra Copper Project is on hold. Ionic leach soil sampling planned on For personal use only Canbelego and Rast tenements Joint Ventures: with Endeavour & Silver City Minerals at Broken Hill, Argent at Kempfield, Sunny Corner & West Wyalong, MMG at Wagga Tank & Gilgunnia, Paradigm
Slide 23: Queensland Coal Projects
Queensland Coal Projects. Discussions with potential For personal use only joint venturers underway QUEENSLAND COALA
Slide 24: Mount Isa Phosphate
For personal use only Mount Isa Phosphate resources being defined by Legend International. Three known deposits, 100% GCR, Legend earning 80%. Potential for uranium in Basin and basement rocks and Isa- THE ISA style copper and lead-zinc in Proterozoic basement.
Slide 25: Mulga Tank - Yilgarn Block, WA
Mulga Tank – a barely tested greenstone belt. For personal use only Au and Ni potential but GCR is also testing for uranium Follow-up ionic leach soil sampling has improved anomaly definition and extended gold and nickel anomalies. Drilling planned in 2011 MULGA TANK – Yilgarn Block, WA
Slide 26: South Australian IOCG Targets
South Australian Iron Oxide Copper Gold Targets (IOCG) with associated uranium For personal use only GCR’s areas are well located on the G2 Structural Corridor. Delays in gaining access to Woomera which impinges on some tenements. Detailed magnetics and gravity surveys have been planned. SOUTH AUSTR
Slide 27: Panama
PANAMA – host to two world class, multi-billion tonne porphyry copper deposits at Cerro Colorado and Cobre Panama (Petaquilla). For personal use only GRCP has six areas under application based on the detailed data set it acquired in 2007. Progress negotiating access with the indigenous Comarca has b
Slide 28: Key Points in Summary
Key Points in Summary: For personal use only • Copper Hill remains the focus of the Company and all efforts to bring it into production as soon as possible are being made • Preliminary capital cost estimates indicate the production of a copper-gold concentrate for direct sale has benefits over the R
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