Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — one2one Investor Briefing (March 2011)
32 slides from Golden Cross Resources's conference presentation, Mar 14, 2011
Slide 1: Golden Cross Resources One2One Investor Briefing
For personal use only Golden Cross Resources ONE2ONE INVESTOR BRIEFING Perth, Saturday, March 12, 2011 Kim Stanton-Cook GCR Managing Director
Slide 2: Disclaimer and Competent Person Statement
DISCLAIMER For personal use only This material contains certain forecasts and forward-looking information, 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 3: 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 4: Copper Hill: Regional Address
For personal use only Copper Hill: Regional Address
Slide 5: Copper Hill Project Status
Copper Hill Project Status For personal use only • Resources Block Model estimated by Hellman & Schofield: 173 million tonnes containing 0.53 million tonnes copper and 1.47 million ounces of gold. New Resource estimate soon and step-out drilling planned. • Preliminary geotechnical parameters assesse
Slide 6: Copper Hill Drilling 2010 and into 2011
COPPER HILL DRILLING 2010 and into 2011 For personal use only NEW, BLUE SKY ZONES Buckley’s Hill Extensions & Wattle Hill Infill & Deeps Some of the best drill results for many years
Slide 7: The Copper Hill Resource at a cut-off grade of 0.2% copper
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 8: Primary mineralisation comprises 96% of the 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 9: Copper Hill: Comparative Resources & Grades
Copper Hill : Comparative Resources & Grades New South Wales copper-gold deposits For personal use only TOTAL Measured, Indicated & Inferred Tonnes Au Copper Gold Deposit Cu% MT gpt MTonnes Moz. Cadia Hill OC 408 0.12% 0.42 0.49 5.5 Cadia Extended 83 0.20% 0.35 0.16 0.9 Ridgeway UG 155 0.38% 0.73 0.
Slide 10: GCHR312 & GCHR313 Metallurgical Holes
GCHR312 & GCHR3I13 Metallurgical Holes confirm and extend higher grade zones at Copper Hill GC H R31 2 bulk interval* 143metres @ 0.57% copper and 0.7 g/t gold and, using a 0.2% copper cut-off, Interval (m) Copper (%) Gold (g/t) From (m) 67 0.79 0.93 T including 23 0.97 0.32 23 16 1.41 2.39 60 70 0.
Slide 11: Copper Hill Drilling 2010: Buckley's Hill Extensions
COPPER HILL DRILLING 2010 and into 2011 For personal use only NEW, BLUE SKY ZONES Buckley’s Hill Extensions +200m wide near surface +480m wide at depth Drill intervals of: 486m @ 0.33% Cu 283m @ 0.23%Cu with 66m @ 0.6% Cu 108m @ 0.43% Cu + gold credits OPEN ALONG STRIKE & DEPTH
Slide 12: Buckley's Hill, Section 6150N
200 metres Buckley’s Hill, Section 6150N • Big & expanding zone indicated For personal use only • Copper and gold grades remain elevated and above average. • Substantial extensions indicated along strike to the northwest • Step-out core drilling to begin immediately. • Cross-sections both north and
Slide 13: Buckley's Hill sections 6250N to 6000N
6250N For personal use only 6200N 6150N 6100N 6050N 6000N
Slide 14: 6000N Quick tour, fill in the gaps
6000N Quick tour, fill in the gaps For personal use only
Slide 15: For personal use only
- 6000 000s — - 4875 Si8r — - 4750 Osh Ajuo sn feuosied JO3
Slide 16: For personal use only
- 5000 + 4875 - 4750 0005 — NS S Sey, SZ8r — OsZr — Ajuo sn jeuosied JO3
Slide 17: 6150N
For personal use only 6150N
Slide 18: 6200N
For personal use only 6200N
Slide 19: For personal use only
— §000 000s 5 — 4875 S28" A Ajuo sn feuosied JO3
Slide 20: Copper Hill Drilling 2010: Wattle Hill Infill & Deeps
COPPER HILL DRILLING 2010 and into 2011 For personal use only NEW, BLUE SKY ZONES Wattle Hill Infill & Deeps 73m @ 0.45% Cu, 0.42g/t Au 85m @ 0.39% Cu, 0.82g/t Au 101m @ 0.21% Cu 26m @ 0.5g/t Au + High grade NW plunging zone carrying 3m @ 2.48% Cu 8m @ 3.72% Cu
Slide 21: Wattle Hill follow-up drilling 2011
Wattle Hill – For personal use only follow-up drilling 2011 High Gold Zone
Slide 22: Wattle Hill Section 4400N
Sw NE 4900mE 5000mE 26m @ 0.5 g/t Au GCHR-315 2007 Pit 21m @ 0.3% Cu, \ 0.32 g/t Au . 3m @ 2.48% Cu, 2.36 g/t Au = 20m @ 0.32 g/t Au | Assay Pending open 0 25 50m Wattle Hill 500 m Section 4400 N oon 162-11
Slide 23: Wattle Hill Drilling
WATTLE HILL DRILLING For personal use only • GCHR315 confirms and extends the intercepts in drill hole CHM18 of 26 metres @ 0.5g/t gold from 2 metres and 20 metres @ 0.32g/t gold from 74 metres. • The 3m @2.48% copper at 82 metres down-hole may correlate with the zone of 8m @ 3.72% copper in GCHR249
Slide 24: Experienced Development Team
Experienced Development Team • Mark Moddejongen, a highly experienced mining For personal use only engineer is Project Manager. • Mine development geologist Richard Lewis. • Shu Zhang and John Chen, two very experienced mining engineers. • Lindsay Gilligan, government liaison. Ken Kellett is supervi
Slide 25: 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 26: Production of a Copper-Gold Sulphide Concentrate
Production of a Copper-Gold Sulphide Concentrate 25% copper with 15 to 20g/t gold achievable • 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. • The capital c
Slide 27: Assessment of capital cost items for the Copper Hill project
Assessment of capital cost items for the Copper Hill project. For personal use only • Cost savings realised by sourcing much of the crushing-grinding- flotation-filter equipment from China will be 30% to 40% lower than earlier estimates. • GCR will proceed down the ‘standard’ route of producing a co
Slide 28: Project Financing
Project Financing For personal use only • Cornerstone Chinese and Australian Investors • Feasibility Study => Lower Capex • Equity & Chinese Loans During meetings with several Chinese banks in Beijing, the GCR management team was advised that bankable projects, importing equipment from China, would
Slide 29: Copper Hill Mine - Critical Issues
Copper Hill Mine - Critical Issues For personal use only • Preliminary pit designs, waste dumps and tailings dam in progress • Metallurgy and Processing test-work continuing Under consideration: • Capex & Financing • Property purchases • Water entitlements • Regulatory approvals
Slide 30: Copper Hill – Proposed site layout
Copper Hill – For personal use only Proposed site layout 2.5 kilometres
Slide 31: Copper Hill – the next major copper-gold porphyry mine in NSW?
Cadia 45 km to southeast Molong township P ow er: 132 K v Sub-station For personal use only 4.5 km Outcropping mineralisation, low strip ratio Plant & Mill Site Copper Hill – the nex t m ajor copper- gold porphyry m ine in NSW ? W ATCH THI S SP ACE ASX- GCR
Slide 32: Copper Hill remains the focus of the Company
For personal use only Copper Hill remains the focus of the Company. All efforts are being made to bring it into production as soon as possible 173 million tonnes containing 0.53 million tonnes copper and 1.47 million ounces of gold. Drilling continuing and a new Resource Estimate in the pipeline.
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