Core Lithium Ltd · ASX:CXO
Core Lithium — Core Exploration — South Australian Exploration and Mining Conference 2011
20 slides from Core Lithium's conference presentation, Dec 2, 2011
Slide 1: Technical Presentation to the South Australian Exploration and Mining Conference
For personal use only Technical Presentation to the South Australian Exploration and Mining Conference Adelaide, South Australia 2/12/2011
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: Capital Structure
Capital Structure For personal use only • Shares on issue 41.5M • Options (25c) 8.5M • Share Price ~$0.09 • Market Cap (undiluted) $3.8M • Cash (30 Sep 2011) $3.7M Undervalued assets with huge upside leveraged to copper exploration success on Yorke Peninsula S.A.
Slide 4: Palace IOCG Project
For personal use only Palace IOCG Project
Slide 5: Palace IOCG Project
For personal use only Palace IOCG Project
Slide 6: Palace IOCG Project
Palace IOCG Project For personal use only Potential exists in the district for: • IOCG magnetite and/or hematite breccia style mineralisation • IOCG related skarn style mineralisation Critical geological factors to constrain exploration: • Presence of Hiltaba Suite aged granites and mafic intrusives
Slide 7: Palace IOCG Project
Palace IOCG Project For personal use only • Presence of Hiltaba Suite aged granites and mafic intrusives • Major structural features active at time of Hiltaba Suite emplacement
Slide 8: Palace IOCG Project
Palace IOCG Project For personal use only • Evidence of widespread iron metasomatism (enhanced regional magnetic signature) • Evidence of structural control on iron alteration systems
Slide 9: Work completed
Work completed For personal use only Aeromagnetics/ Soil Sampling Radiometrics 686 samples 2430 line km 500m x 500m spacing 100m line spacing Gravity Aircore Drilling 1312 line km 41 drill holes 500m x 500m spacing 3636 m drilled 250 x 250 m infill
Slide 10: Palace Structural Corridor
Palace Structural Corridor For personal use only Aeromagnetics/ Radiometrics 2430 line km 100m line spacing
Slide 11: Residual Gravity
For personal use only Residual Gravity
Slide 12: Semi-coincident Magnetic-Gravity Residual Gravity Anomalies
Semi-coincident Magnetic- Gravity Resdiual Gravity Anomalies For personal use only TMI Residual gravity contours on TMI RTP
Slide 13: Drill Results: Aircore Drilling
Drill Results For personal use only Aircore Drilling • 41 drill holes • 3636 m drilled • Only 8 historical shallow holes on margin of tenement • Predicted depth to basement ~20m • Predicted cover, Tertiary sands then weathered basement to 50-70m • Drilled 6 targets (A-F) • Targets lie in a restricte
Slide 14: Drill Results: Aircore Drilling
Drill Results For personal use only Aircore Drilling • Drilled 6 targets (A-F) • Targets lie in a restricted glacial basin (Cape Jervis Formation) • Depth of cover ~100m • Hit basement on 3 targets A, D, F • Basement lithologies consist of metasomatite, altered Hiltaba Suite granite, biotite schists
Slide 15: Drill Results
Drill Results For personal use only Calcrete 0-8m Sandy diamitcite with repeated Weathered diamictite cemented sandstone layers 8-24m (Cape Jervis Formation) 70-100m Sharp basement contact (no weathering) Clayey diamitcite (Cape Jervis Formation) Fresh basement 50 to > 100m 24-70m Metasomatite, alte
Slide 16: Upcoming work
Upcoming work For personal use only Further Infill Gravity • Aim is to cover all semi coincident magnetic gravity features with 250 m x 250 m gravity stations, late December 2011 Phase 2 Deep RC Drilling Program • 20 holes at an average of 200m deep (100m into basement) • 4000m in total • Aim to tes
Slide 17: Airborne Electromagnetics
Airborne Electromagnetics For personal use only As part of the PACE Targeting 2011 Initiative, Core Exploration was awarded a $50 000 grant to undertake a detailed airborne electromagnetic survey over the Palace IOCG Project AEM Survey is underway now on the Yorke Peninsula Survey Specifications 375
Slide 18: Airborne Electromagnetics
Airborne Electromagnetics For personal use only AEM as a IOCG exploration tool • While magnetics and gravity are good ways to target the mineral system on a larger scale (the area of magnetite and/or hematite enrichment) AEM has the ability to target conductive sulphides and therefore mineralisation
Slide 19: Airborne Electromagnetics
Airborne Electromagnetics For personal use only • The ore mineral assemblage of higher temperature IOCG systems on the Yorke Peninsula is dominated by magnetite-pyrite-chalcopyrite. • Interconnectivity of these minerals should produce conductors able to be identified by the AEM survey • Conductive t
Slide 20: 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
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