Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — IIR's 7th Annual Mining NSW Conference 2013
57 slides from Golden Cross Resources's conference presentation, Jun 26, 2013
Slide 1: Golden Cross Resources – IIR's 7th Annual Mining NSW Conference
Golden Cross Resources ASX:GCR For personal use only IIR’s 7th Annual Mining NSW Conference Orange 26 – 27 June 2013
Slide 2: Corporate Directory
Corporate Directory For personal use only Board of Directors Steve Gemell Chairman Kim Stanton-Cook Managing Director Li Xiaoming Non Executive Director Jingmin Qian Non Executive Director Suzanne Qiu Non Executive Director Li Yan Alternate Director for Mr Li Company Secretary Exploration Manager Si
Slide 3: For personal use only
For personal use only 485Mt @ 15% P2O5 Ni-Au IOCG Copper- Gold Base Metals
Slide 4: Copper Hill, within the Molong Project
Copper Hill, within the Molong Project For personal use only • Total Geological Resource: 215 million tonnes at 0.3% copper and 0.24 g/t gold • Constrained Resource: 155 million tonnes at 0.33% copper and 0.27 g/t gold containing: • 493,000 tonnes of copper and • 1.33 million ounces of gold • Copper
Slide 5: Molong Project - Copper Hill
Molong Project - Copper Hill For personal use only
Slide 6: Molong Project - Copper Hill
Molong Project - Copper Hill For personal use only • GCR’s flagship copper-gold project contains a resource of 493,200 tonnes of copper and 1.33 million ounces of gold within an economically constrained optimised open pit shell. • The 100%-owned Copper Hill project is near Molong in central New Sout
Slide 7: For personal use only
Efforts in 2010 to maximise the returns from Copper Hill with 8Mtpa throughputs and a complex copper- gold-sulphur-iron recovery process could not clear the For personal use only +$700 million capital cost hurdle. A more achievable 2 million tonnes per annum (Mtpa) expandable mining and milling stra
Slide 8: Development Strategy
Development Strategy GCR has examined higher throughput rates For personal use only in economic studies and determined that 7 to 8 million tonnes per annum provides the best outcomes, using a wide range of inputs. Projected capital costs will be higher but should be offset by reductions in operating
Slide 9: Exploration Potential away from Copper Hill
Exploration Potential away from Copper Hill Molong Project • Follow-up drilling at the Power For personal use only Airborne Magnetic Induced Polarisation (IP) - Field. Blue areas are magnetically copper-gold soil anomaly east of low and reflect Copper Hill, and testing IP and intrusions, as at Coppe
Slide 10: For personal use only
Anomalous target For personal use only zones outside the Copper Hill resource include the area east of Buckley’s Hill (Copper Hill North) and the IP and copper-gold soil anomalies at Power – Hayshed – Vale Head. Larras Lee IP and soil anomalies will be revisited.
Slide 11: North-east Copper Hill. IP 'shoulder' and the 'Untested Zone'
For personal use only North-east Copper Hill. IP ‘shoulder’ and the ‘Untested Zone’
Slide 12: Power Anomaly – IP, soil geochemistry and drill holes
For personal use only Power Anomaly – IP, soil geochemistry and drill holes
Slide 13: Hayshed prospect. IP, drill holes and soil geochemistry
For personal use only Hayshed prospect. IP, drill holes and soil geochemistry
Slide 14: Vale Head Prospect. IP, copper and gold soil geochemistry
For personal use only Vale Head Prospect. IP, copper and gold soil geochemistry and drill holes
Slide 15: Larras Lee Prospect: IP, magnetics, soil geochemistry
For personal use only Soils - gold ppb Larras Lee Prospect: IP, magnetics, copper and gold soil geochemistry
Slide 16: Cargo Gold Project
Cargo Gold Project For personal use only GCR’s 100% owned Cargo project is its flagship gold project and lies 12 km west of the Cadia-Ridgeway gold - copper mining operation. Cargo is a large, concentrically zoned hydrothermal mineralised porphyry with radial, quartz-sulphide gold- bearing alteratio
Slide 17: Cargo Resources
Cargo Resources For personal use only • Inferred Resource estimates at Spur-Dalcoath of 10.4 million tonnes at 0.84g/t gold for 283,000 ounces of gold using a 0.5g/t gold cut- off grade. • At a higher cut-off grade of 0.8g/t gold, the Inferred Resource is estimated at: 4 million tonnes at 1.19g/t go
Slide 18: Cargo Drilling
Cargo Drilling For personal use only • 86m @ 1.56 g/t gold at the Spur-Dalcoath Lode System including 12m @ 2.73 g/t gold from 108m & 6.5m @ 9.40 g/t gold from 137.5m • At the Essex Lode System, previous RC drilling intersections of • 9 metres at 5.63g/t gold, • 6 metres at 9.53g/t gold, • 2 metres
Slide 19: Cargo Geology
For personal use only Cargo Geology Mineralised systems and 2012 drill hole locations. Geology by Andrew Allibone 2008
Slide 20: Drill holes SD006, 7, 8, 9
For personal use only Drill holes SD006, 7, 8,9 and 10
Slide 21: Cargo - Spur Section 4050N
4500mE 4600mE West East SPUR SPUR EAST 48m @ 1.13 git Au (12) 28 SD006 500 mRL 450 mRL 400 mRL Cargo - Spur (ores Section 4050N GCR 10-11-12
Slide 22: Cargo - Spur Section 4225N
4700mE East 4600mE West SPUR EAST SDo10 105 — 17 68 Sp004 74 u ! 1 ! | 1 I 50m @ 0.90 gt Au 1 1 | | | | | g 1 | | | | 1 U 55m @ 1.27 git Au 450 mRL | ee Section 4225N GCR 10-11-12
Slide 23: Cargo - Spur Section 4275N
4600mE 4700mE West ART SPUR SPUR EAST 113 72m @ 369 gtAu 2anr@OStigtay sp009 9 92 66 37 3/6 61 1 30m @ 0.75 g/tAu I | 10m @ 2.31 gitAu | 500 mRL | : ! | im @048 gthu i I 1 : UY i | I ! 41m @ 0.80 gitAu 1 | | 450. mRL_ yneasath v || 400 mRL | _| Cargo - Spur 0 50m a... wae Le ot nnn Section 4275N GCR
Slide 24: Cargo - Spur Section 4375N
East 4700mE 4600mE SPUR EAST West 550 mRL 6m @ 0.72 gftAu | 500'mRE_ | 450 mR 400 mRL les Cargo-Spur__ | | oe Section 4375N GCR 10-11-12
Slide 25: Burra Copper Project
Burra Copper Project For personal use only • The Burra Copper Mine Project lies 40km east of Cobar with drill-indicated potential for deep- seated Cobar-style mineral systems. • The Burra Mine and Block 51 mineralised zones have coincident magnetic anomalies and copper- in-soil geochemical anomalies
Slide 26: Burra Copper Project
Burra Copper Project For personal use only The Burra Project has good potential for the discovery of Cobar-style deposits, with copper and lead-zinc mineralisation with gold/silver credits intersected in most drill holes. There are sufficient ore grade intercepts at the two key prospects to remain o
Slide 27: For personal use only
| a TF = 84 Wetoaréc Rocks
Slide 28: Burra Copper Project – Drill results
Burra Copper Project For personal use only Burra Drill results: GCB 156 4m @ 1.25% Cu from 57m down- hole GCB 158 3m @ 2.84% Cu from 147m down- hole including 1m @ 6.45% Cu from 147m GCB 158 4m @ 1.32% Cu from 154m including 1m @ 3.36% Cu from 154m
Slide 29: Burra – Canbelego
Burra – Canbelego For personal use only • The Burra Copper Mine exhibits characteristics of Cobar-style copper-gold mineralisation. • The Cobar mines are typically structurally controlled, high grade (1% - 2% copper and 1g/t – 5g/t gold) and pipe-like extending to +1500 metres depth. • An Airborne E
Slide 30: Burra – Canbelego
Burra – Canbelego • New discoveries, such as the Mallee Bull project, have almost For personal use only identical drill results in the upper 200 metres as those intersected by GCR’s drilling at the Burra Mine. GCR’s Burra Peel Mining’s Mallee Bull discovery, top 200 metres – above Copper Mine, top d
Slide 31: Peel Mining's Mallee Bull comparison with Burra
For personal use only GCR’s Burra Copper Mine, top 200 metres Peel Mining’s Mallee Bull discovery, top 200 metres, above deeper hits of 41m @ 3.56% Cu eq, 53m @ 4.77% Cu eq and 69m @ 4.01% Cu eq
Slide 32: Peel Mining's Mallee Bull comparison with Burra
For personal use only GCR’s Burra Copper Mine, top 200 metres Peel Mining’s Mallee Bull discovery, top 200 metres, above deeper hits of 41m @ 3.56% Cu eq, 53m @ 4.77% Cu eq and 69m @ 4.01% Cu eq
Slide 33: 3-D Cross-section showing previous drilling with VTEM
For personal use only 3-D Cross-section showing previous drilling with VTEM Burra helicopter-borne VTEM survey anomaly (in red) below the Burra Mine.
Slide 34: Rast Tenement Package
Rast Tenement Package For personal use only • The Rast tenement package, south of the Nymagee copper mine in the Cobar region of central NSW, has yet to reveal its targets beneath 50 to 100 metres of cover. • Rast is proximal to the Mallee Bull, Hera and Hebe copper-gold (lead-zinc) discoveries. • G
Slide 35: Gilgunnia area
For personal use only The Gilgunnia area hosts nearby deposits such as Hera, the newly discovered extensions to the Nymagee Copper Mine, new mineralised zones at Mineral Hill and the Mount Boppy Gold mine. GCR has a dominant land position here in its own right and with its joint venture partner, MMG
Slide 36: Quidong
Quidong For personal use only • The Quidong project, in southeastern NSW, is a unique geological setting with similarities to Irish-type lead- zinc deposits and Carlin and Sepon-style gold deposits. • Copper, lead, zinc, gold and silver mineralisation occurs in a range of settings within a limestone
Slide 37: EL7989 tenement boundary and geology
For personal use only EL7989 (formerly ELA 4514) tenement boundary and geology
Slide 38: Outcrop of Quidong Limestone
For personal use only Outcrop of Quidong Limestone looking northwest from the Central Copper Workings across the Delegate River
Slide 39: Summary geology and prospects in the Quidong basin
For personal use only Summary geology and prospects in the Quidong basin showing Esso and WMC soil zinc (left) and copper (right) geochemistry results . From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 40: Geology of the Quidong basin
Geology of the Quidong basin with main prospect For personal use only areas, and the location of previous drilling campaigns. From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 41: Geology of the Quidong basin
Geology of the Quidong basin with main prospect For personal use only areas, and the location of previous drilling campaigns. A – A’ shows the location of the schematic section overlaid From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 42: Summary cross-sections through Clarke's Prospect
Summary cross-sections through Clarke’s Prospect For personal use only From a report by Dr Neal A. Reynolds, CSA Australia, 1977
Slide 43: Adam's Zone summary geology, trenching and drilling
For personal use only From a report by Dr Neal A. Reynolds, Adam’s Zone summary geology, trenching and drilling CSA Australia, 1977
Slide 44: TMI Quidong
For personal use only TMI Quidong
Slide 45: TMI Quidong
For personal use only TMI Quidong
Slide 46: Gawler Craton IOCG Exploration - South Australia
Gawler Craton IOCG Exploration - South Australia For personal use only • Golden Cross holds tenements within the Gawler Craton in South Australia. • The Gawler Craton is host to world-class iron-oxide-copper-gold (IOCG) deposits such as Olympic Dam, Prominent Hill and Carrapateena. • Drill-ready mag
Slide 47: South Australia – Gawler Craton IOCG Exploration
South Australia – Gawler Craton IOCG Exploration For personal use only Golden Cross holds five tenements covering 3,150 km2 within the northern Gawler Craton in South Australia. The tenements lie within several structural domains lying north of the Olympic Domain, which hosts Olympic Dam and Carrapa
Slide 48: GCR's north Gawler Craton IOCG tenements
GCR’s north Gawler Craton For personal use only IOCG tenements Coober Pedy
Slide 49: Oolgelima Hill Project
Oolgelima Hill Project For personal use only
Slide 50: Recent Geophysical Interpretation – Oolgelima
Residual Density (LHS) & Residual Magnetics (RHS), SR11 Bore, Oolgelima EL, Southern portion, eastern side. | SR11 North Recent Geophysical Interpretation — Oolgelima Adelaide Mining Geophysics was retained by GCR late in 2012 to review portions of the magnetic and gravity data sets and report on th
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Slide 52: Drill core from SRE001 @ SR11
Drill core from SRE001 @ SR11 For personal use only • Following is a selection of core tray photographs from the first hole at SR11. • Hematite alteration • Quartz-filled breccias • Evidence of intense fluid flow • Minor pyrite, trace chalcopyrite • Two more holes planned after infill gravity, petro
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ti B ng 2 agg Se er ME ERERCN eE
Slide 57: Thank you
But this is what GCR is aiming for! For personal use only Thank you
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