Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — 6th Annual Mining NSW Conference 2012 (IIR), Orange
41 slides from Golden Cross Resources's conference presentation, Aug 21, 2012
Slide 1: Copper Hill and Cargo Gold
The 6th Annual Mining NSW 2011 Golden Cross Resources 21 – 22 August 2012 Ltd The Orange Ex-Services Club, Orange - NSW. Copper Hill Martin Place Securities 7th February 2012 and Cargo Gold Managing Director – Kim Stanton-Cook
Slide 2: Canbelego-Nymagee-Gilgunnia projects and Gawler Craton IOCG targets
….with mention of GCR’s Canbelego-Nymagee-Gilgunnia projects……. and Gawler Craton IOCG targets
Slide 3: Disclaimer
Disclaimer Material in this presentation 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 projections.
Slide 4: Corporate Directory
Board of Directors Corporate Directory Steve Gemell Chairman Kim Stanton-Cook Managing Director Li Xiaoming Non Executive Director Jingmin Qian Non Executive Director Suzanne Qiu Non Executive Director David Timms Non Executive Director Li Yan Alternate Director for Mr Li Company Secretary Explorati
Slide 5: Golden Cross Properties
Georgina Basin Lachlan Fold Belt Bowen Basin = Mt Isa Inlier Galilee Basin Curnamona Prov. Surat Basin ™® Yilgarn Block & Eromanga Basin = Olympic Domain GOLDEN CROSS RESOURCES Darwin » GCR Mount Isa Highland Sherrin-Lily Pm. Quita Mount Isa ‘\ IN ( \ Olympic Domain = 2 Codna Hill Baykool [> / Warri
Slide 6: Copper Hill is well located in the Central West of NSW
Copper Hill is well located in the Central West of NSW. Only four hours drive from Sydney, the project is well served with high quality road-rail-power infrastructure. The people of the nearby town of Molong are generally supportive of mining at Copper Hill.
Slide 7: Copper Hill, aerial view looking south
Cadia 45 km to southeast Northparkes 80 km to northwest Molong township Wattle Hill Copper Hill Boundary Buckley’s Hill Copper Hill, aerial view looking south
Slide 8: Copper Hill
Copper Hill 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
Slide 9: Copper Hill
Copper Hill 2 million tonnes per annum mill throughput, expanding to 6 Mtpa, was under consideration • Initial plant capital costs ~$92 million • Total project notional cost ~$150 million ……but…… • economic returns may not clear the bankability hurdles
Slide 10: Current Investigations
Current Investigations • Copper and gold recoveries of 83% and 70% respectively, have been achieved in recent locked-cycle tests to produce a copper concentrate containing 24% copper and 24g/t gold. There are indications that further improvements may be possible. • GCR is examining the economics of
Slide 11: Copper Hill 10 million tonne Stage 1 Starter Pit
Copper Hill 10 million tonne Stage 1 ‘Starter Pit’. View from the south-east
Slide 12: Copper Hill 30 million tonne pit 3D Site Layout Plan
Copper Hill 30 million tonne pit 3D Site Layout Plan – View from the south-east
Slide 13: Future Extensions
Future Extensions Within the central Copper Hill deposit, one interval is within reach of current pit planning with 71 metres grading 0.56% copper and 1.04 g/t gold from 25 metres. The potential 100Mt pit would capture the next interval of 174 metres grading 0.40% copper and 0.40 g/t gold from 121 m
Slide 14: Future Extensions
Future Extensions Positive discounted cash flows can be generated by some conservative pit optimisations but more tonnes and higher grade will improve the economics. More Exploration – Drilling Target zones beside and along strike of Copper Hill being revisited with drilling programs being planned.
Slide 15: Copper Hill IP Chargeability
* atl Copper Hill al | IP Chargeability 300m RL (250m below surface) Chargeability GOLDEN CROSS RESOURCES
Slide 16: Soils by Au ppb
Soils by Au ppb 6 e- ° eo OSS @ © * oe .@ $OS oe obi: 0o@e000° 6 . 400m GOLDEN CROSS RESOURCES
Slide 17: Copper Hill IP Chargeability
* atl Copper Hill al | IP Chargeability 300m RL (250m below surface) Chargeability =4f GOLDEN CROSS RESOURCES
Slide 18: Soil Geochemistry
—_ Soil Geochemistry MGA Zone $5 GDASH
Slide 19: Copper Hill Planning for Development
Copper Hill Planning for Development
Slide 20: Copper Hill site layout
rhal VWwaste Dump —- Fibre Optic Ca ¥ ROM Pad a y Shades Road
Slide 21: Mill & Plant Site
SONTENT TABLE DIRTY WATER DESCRIPTION COLLECTION CRAIN PAD \ \ PARY CRUSHER AREA NS [SHER AREA [ICC 6 TRANSFORMER SN SIBIEISI Bel 9/218 = = i i HE i i “18 41314 PUARy CRUSHER Talfines THICKER ‘COCENTRATE THICKER AREA TENTRATE AREA BLGGING AREA {cess ware ‘AFRE WATER fae ware EACLE JANTHNANCE fXSHOP.
Slide 22: Copper Hill
Newcrest’s Cadia 65 km to Rio’s Northparkes 80 km to southeast northwest Molong Power: 132 Kv Sub-station 3 km Plant & Wattle Hill Mill Site Copper Hill Low strip ratio Buckley’s Hill Copper Hill • 2Mtpa Capex Scoping Study completed • Economic Studies continue 5Mtpa to 15Mtpa models •Exploration dr
Slide 23: The Cargo Goldfield lies 18 kilometres west of Cadia
The Cargo Goldfield lies 18 kilometres west of Cadia and has been mined intermittently for over 140 years. Previous explorers, Shell Minerals, Cyprus Gold and GCR drill-tested several anomalous gold zones in the 1970’s, 1980’s and 1990’s and defined what may be, payable bodies of near-surface gold m
Slide 24: Cargo
Cargo A porphyry copper-gold system 20 kilometres west of Cadia Valley Operations. New GCR targets are the gold-bearing quartz- sulphide systems at Dalcoath – Spur and Essex and the gold- bearing alluvial/eluvial deposits at Gum Flat .
Slide 25: Cargo
Cargo Cargo Drilling Program testing near-surface gold intersections from previous drilling at the Spur- Dalcoath Lodes •17 metres at 5.3 g/t gold •2 metres at 44 g/t gold, •54 metres at 1.1 g/t gold and •16 metres at 3.86 g/t gold
Slide 26: Trend Lines
Trend Lines ——® GCR Drillhole —xt Fence, gate <~ Stream GCR 1-2-12 GOLDEN CROSS RESOURCES 4800E JG103 SO00E, Spur East A275 Spur - Dalcoath Drilling Detail Lt
Slide 27: Spur-Dalcoath Section 4375N
4400mE 4500mE 4600mE 4700mE 4800mE w = Ss S a + DALCOATH WEST DALCOATH SPUR SPUR EAST 300 mRL 200 mRL Block Model —| Gold Grade (ppm) l@ 0.3 to 0.5 3 50 100m Spur - Dalcoath Be SS ALD a Section 4375N GCR 1-6-12 GOLDEN CROSS RESOURCES
Slide 28: Trend Lines
Trend Lines ——® GCR Drillhole —xt Fence, gate <~ Stream GCR 1-2-12 GOLDEN CROSS RESOURCES JG103 4800E Spur East A275 Spur - Dalcoath SO00E, Drilling Detail Lt
Slide 29: Spur-Dalcoath Section 4275N
4500mE 4600mE 4700mE 4800mE w E 6 =) = + DALCOATH WEST DALCOATH SPUR SPUR EAST 4300mE 400 mRL Outline of block model 300 mRL 200 mRL Block Model —— Gold Grade (ppm) @ 0.3 to 0.5 6 50 100m Spur - Dalcoath on: aims i Section 4275N GCR 1-6-12 GOLDEN CROSS RESOURCES
Slide 30: Trend Lines
Trend Lines ——® GCR Drillhole —xt Fence, gate <~ Stream GCR 1-2-12 GOLDEN CROSS RESOURCES JG103 4800E Spur East A275 Spur - Dalcoath SO00E, Drilling Detail Lt
Slide 31: Spur-Dalcoath Section 4175N
4700mE 4800mE 4500mE 4600mE w = s S z + DALCOATH WEST DALCOATH SPUR SPUR EAST 4300mE 500 mRL 400 mRL ~~ Outline of block model _ 300 mRL 200 mRL Block Model Gold Grade (ppm) . Spur - Dalcoath MB 0.3 100.5 0 50 100m M@'0.5 to >=1.0 a Section 4175N GCR 1-6-12 GOLDEN CROSS RESOURCES
Slide 32: Spur-Dalcoath Inferred Resource at a cut-off of 0.5g/t gold
Spur-Dalcoath Inferred Resource at a cut-off of 0.5g/t gold Zone Cut-off Volume (m3) SG Gold grade Tonnes grade Gold Ounces g/t gold (million) g/t SPUR EAST 0.5 891000 2.3 2.60 0.77 57,500 SPUR 0.5 2778688 7.2 2.61 0.88 205,000 DALCOATH 0.5 175125 0.5 2.57 0.74 11,000 WEST 0.5 152438 0.4 2.65 0.72 9
Slide 33: Spur-Dalcoath Total Inferred Resource at a cut-off of 0.8g/t gold
Spur- Dalcoath Total Inferred Resource at a cut-off of 0.8g/t gold Zone Volume SG (m3) Gold Cut-off TONNES grade Ounces grade (million) g/t SPUR EAST 0.8 274875 0.7 2.59 1.14 26,000 SPUR 0.8 1198813 3.1 2.59 1.21 120,500 DALCOATH 0.8 50812.5 0.1 2.56 1.07 4,500 WEST 0.8 24687.5 0.1 2.66 1.29 2,500 D
Slide 34: Spur-Dalcoath gold deposit – Pit Optimisation
Spur-Dalcoath gold deposit – Pit Optimisation. Based on the existing drilling data and GCR’s new results, a preliminary mine plan was prepared. A pit optimisation was undertaken using the following assumptions: • Gold price AUD$1700/oz • Fixed gold recovery of 85% • Process & Other costs at $20/tonn
Slide 35: GCR’s Canbelego-Nymagee-Gilgunnia Projects
GCR’s Canbelego- Burra Nymagee-Gilgunnia Projects Good tenement coverage south of Polymetals’ Mount Boppy to YTC’s Nymagee Copper Mine, Hera & Hebe. Joint venture (MMG) and 100%-owned ground around Peel Mining’s new Mallee Bull discovery
Slide 36: Burra Copper Project
Burra Copper Project The historic Burra Copper Mine recorded minor copper production in the late 1880’s. Early drilling programs by Golden Cross returned 10m at 3.3% copper from 138m, including 2m at 13.7% copper. More recent drilling programs at Burra intersected more significant sulphide mineralis
Slide 37: Burra Copper Mine – Drill Plan & Cross Section
Burra Copper Mine ~ Drill Plan & Cross Section
Slide 38: Burra VTEM
GOLDEN CROSS RESOURCES Burra VTEM ty Section .
Slide 39: Gawler Craton IOCG Targets
Gawler Craton IOCG Targets Golden Cross tenements cover portions of the Mabel Creek Ridge & Coober Pedy Ridge domains and the Mount Woods Inlier which contains the Prominent Hill and Cairn Hill mines and underlies two of GCR’s EL’s. Hiltaba Suite granites and mafic rocks exist within each domain. On
Slide 40: Gawler Craton
Gawler Craton Oolgelima Hill – SR11 Walk-up drill target
Slide 41: Thank you
Golden Cross Resources Ltd Thank you Martin Place Securities 7th February 2012 Managing Director – Kim Stanton-Cook
Golden Cross Resources — 6th Annual Mining NSW Conference 2012 (IIR), Orange on 6ix