Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Excellence in Mining & Exploration Conference 2009
45 slides from Golden Cross Resources's conference presentation, Sep 22, 2009
Slide 1: Chinese Backing for Exploration and Development Globally
For personal use only Chinese Backing for Exploration and Development Globally. Implications for the Americas and Australia with a bonus 铜山 update (Copper Hill) A presentation for Excellence in Mining & Exploration Conference* 21 - 22 September 2009 Hilton Hotel, Sydney Kim Stanton-Cook Managing Dir
Slide 2: Disclaimer and Competent Person Statement
For personal use only DISCLAIMER 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: Board
For personal use only Board Chris Torrey – non-executive Chairman Kim Stanton-Cook - Managing Director Steven Xiao – Director Business Development David Timms – non-executive Director Xiaoming Li – non-executive Director Suzanne Qiu – non-executive Director Simon Lennon – Company Secretary
Slide 4: GCR - Current Status
For personal use only GCR - Current Status $3.5 million funds injection from CUMIC GCR is seeking new exploration and development projects. 铜山– under potential partner/investor review and new, value-adding processing options under consideration. Potential for mill & plant to be China-sourced. Select
Slide 5: Copper and gold deposits are GCR's primary targets
For personal use only Copper and gold deposits are GCR’s primary targets plus base metals, uranium and nickel Copper – Gold, base metals + iron in New South Wales Copper Hill Inferred-Indicated-Measured JORC Resource containing 1.2 million ounces gold and 420,000 tonnes copper
Slide 6: Copper and gold deposits are GCR's primary targets
For personal use only Copper and gold deposits are GCR’s primary targets plus base metals, uranium and nickel Uranium, phosphate, gold-silver in Queensland. Coal applications Copper – Gold, base metals + iron in New South Wales Copper Hill Inferred-Indicated-Measured JORC Resource containing 1.2 mil
Slide 7: Copper and gold deposits are GCR's primary targets
For personal use only Copper and gold deposits are GCR’s primary targets plus base metals, uranium and nickel Uranium, phosphate, gold-silver Gold, nickel and uranium in in Queensland. Coal applications Western Australia Copper – Gold, base metals + iron in New South Wales Copper Hill Inferred-Indic
Slide 8: Copper and gold deposits are GCR's primary targets
For personal use only Copper and gold deposits are GCR’s primary targets plus base metals, uranium and nickel Uranium, phosphate, gold-silver Gold, nickel and uranium in in Queensland. Coal applications Western Australia Copper – Gold, base metals + iron in New South Wales Copper Hill Inferred-Indic
Slide 9: Global exploration interests: Gold & Copper in Panama
For personal use only Golden Cross also has global exploration interests in secure, stable countries: Gold & Copper in Panama President Ricardo Martinelli heads a new pro-mining government Six applications over porphyry copper and epithermal gold targets.
Slide 10: Uranium in Labrador, Canada
For personal use only Uranium in Labrador, Canada. +3.4% U3O8 from outcrop samples North of Notak 1 and 2% U3O8 from new prospects ‘Old School’ and ‘Rumble’ 1200 metre drilling program under consideration for 2010
Slide 11: The GCR-CUMIC Alliance
For personal use only …and now, the GCR-CUMIC Alliance Another link between Australia and China
Slide 12: Exploration Team
For personal use only Exploration Team Kim Stanton-Cook - Managing Director - Geologist Bret Ferris – Exploration Manager - Geologist David Timms – non-executive Director - Geologist Glenn Coianiz – Senior Geologist – IT & GIS Specialist Charlotte ‘Charlie’ Seabrook – Project Generation Geologist Fr
Slide 13: Golden Cross Resources Australian Project Locations
Darwin @ Mount Isa (UP Cu-Au) Highland Sherrin-Lily Quita Bowen (Au Ag) Mt Mackenzie e@ 10 Mile Ck Olympic Domain Queensland Coal (Cu Au U) (Coal) Oolgelima Hill Chinchilla South » Warriner Creek Dalby 2 gs Brisbane —Codna Hill Warwick 2 Koolymilka Mulga Tank Burra (Cu Au) (UNI Au) Broken Hill = Mul
Slide 14: What's Happening at Copper Hill?
For personal use only What’s Happening at 铜山 ?
Slide 15: Copper Hill
For personal use only Copper Hill
Slide 16: Copper Hill grade distribution
For personal use only Copper Hill Grade distribution @ 0.4% Cu cutoff ¾0.6% Cu ¾O.4% Cu <500 metres> North
Slide 17: Copper Hill JORC Resource Estimate
铜山 Copper Hill JORC Resource Estimate For personal use only Copper Tonnes Copper Gold (g/t) Contained Contained Cutoff (Mt) (%) Copper (Kt) Gold (M oz) (%) 0.20 133 0.31 0.28 421 1.20 Containing 3.3 million tonnes sulphur in chalcopyrite (CuFeS2) & pyrite (FeS2)
Slide 18: Mining & Metallurgy
铜山 Mining & Metallurgy For personal use only • Low strip ratio at 0.6 : 1 • Geotechnical review positive • Short load-haul-dump to ROM pad • Low BWi indicated = lower cost crushing & grinding • Standard sulphide flotation circuit • 85-90% Cu recoveries indicated, Au ~ 55% recovery; may be 85% with C
Slide 19: Conventional approach does not maximise value
Conventional approach does not maximise the For personal use only value of the elements present at Copper Hill. Copper Gold Sulphur Iron
Slide 20: Maximising Value
铜山 Maximising Value For personal use only • Australian companies should try and add value. GCR wants to be one of them. • By producing copper metal, bullion gold, sulphuric acid and iron granules • Higher value products with minimal waste and greatly improved environmental outcomes
Slide 21: Maximising Value
铜山 Maximising Value For personal use only • Roasting of Copper Hill sulphides (CuFeS2 and FeS2) would yield sulphur dioxide (SO2) which can be converted to sulphuric acid (H2SO4) and a calcine from which the copper and gold would be leached to produce cathode copper (SX/EW) and bullion gold by CIL a
Slide 22: Copper Hill Project – Higher Recoveries
Copper Hill Project – Higher Recoveries For personal use only ~ HYPOTHETICAL ~ Roaster – SX/EW Cu – CIL Au – Fe2O3 8 million tonnes per annum throughput over a 14-year mine life could produce 300,000 tonnes of copper and 1,000,000 ounces of gold
Slide 23: Copper Hill Project – Additional Revenue
Copper Hill Project – Additional Revenue For personal use only Recover SO2 for sulphuric acid production & After Cu and Au leaching, granulate the Fe2O3 calcine for sale. ADDED VALUE ~ NO WASTE!
Slide 24: Process – capex estimate underway
铜山 Process – capex estimate underway For personal use only • Conventional Circuit comprising crusher, stockpile, reclaim, SAG mill, ball mill, rougher, cleaner float with regrind and pyrite circuit, • Concentrate thickening, filtration, storage, loading, tailings thickening and dam augmented by the
Slide 25: Copper Hill Infrastructure
Molong 132Kv Sub-station For personal use only 4.5km Existing Railway Copper Hill Infrastructure
Slide 26: Latin American aspect: Copper-gold in Panama
For personal use only ……and the Latin American aspect of today’s presentation....... Copper-gold in Panama Porphyry copper and epithermal gold targets Six new areas under application
Slide 27: Panama City
For personal use only Panama City
Slide 28: Panama - a democratic republic
Panama - a democratic republic with close ties to the United States. For personal use only New President Ricardo Martinelli supports industry and responsible mining. $US currency. It has an open-market economy and a strong banking sector.
Slide 29: Panama Canal income
For personal use only Its principal income is derived from the Panama Canal. US$5.25 billion earmarked for the new, larger lock systems planned for the Panama Canal.
Slide 30: Panama transport hub and mining legislation
For personal use only Panama is a natural transport hub for shipping and air travel. New mining legislation in place. Comparable terms to Australia & Canada
Slide 31: The economy is vibrant
For personal use only The economy is vibrant. Panama’s currency is the US dollar, with no exchange restrictions. Company income tax rate is 30%, and a 2% net smelter return government royalty is payable on mine production.
Slide 32: Friendly locals
For personal use only •Friendly locals…
Slide 33: Outside the Presidential Palace in Old Panama City
For personal use only …with their friends outside the Presidential Palace in ‘Old’ Panama City
Slide 34: Panama geology map
ATLANTIC OCEAN Petaquilla,District 6.2 MEAS Cu». » sai estes: yyy ee ra A a AM : aR "Veraguas.Goid Belt YY e Tay) MAB 5 Moz Au >>. SS Alkaline Volcanic Rocks NWN GW Qav-Quaternary alkaline volcanic aline volcanic alkaline Volcanic Rocks Qcaf-Quaternary calcalkaline ignimbrites Qcv-Quaternary calcalk
Slide 35: Porphyry Copper Deposits in Panama
Porphyry Copper Deposits in Panama Deposit Resource Geologic Setting For personal use only Cerro Chorcha 162 Mt @ 0.63% Cu, 0.08g/t Au Calc-alkaline quartz diorite pluton Cerro Colorado 1.3 Bt @ 0.76% Cu, 0.08g/t Au 5.9My Calc-alkaline quartz diorite pluton Botija 588 Mt @ 0.53% Cu, 0.10 g/t Au 32.6
Slide 36: GCRP Semi-autonomous Comarca Areas
For personal use only GCRP Semi-autonomous Comarca Areas
Slide 37: GCRP Semi-autonomous Comarca Areas
For personal use only GCRP Semi-autonomous Comarca Areas showing GCRP applications areas
Slide 38: GCRP JV and Application Areas
For personal use only GCRP JV and Application Areas
Slide 39: GCRP JV and Application Areas
For personal use only GCRP JV and Application Areas
Slide 40: GCRP Negotiating in Comarca Areas
For personal use only GCRP Negotiating in Comarca Areas
Slide 41: GCRP - Meeting the people
For personal use only GCRP - Meeting the people
Slide 42: Zorel Morales' paraphrased report
Zorel Morales’ paraphrased report: • GCR Panama’s people, Ruth, Olga and Banny, gained the locals’ For personal use only confidence, helped by two guides (a man and woman recruited from another area who knew the language) and a lot by local teachers who understood the process. • Once local leaders w
Slide 43: GCRP - The approach to the Comarca
Zorel Morales’ paraphrased report continued: For personal use only • It was apparent that there has been some work already done by anti-mining opposition groups. • The first thing to do is to send in a person to start doing community work some weeks before geologists even think about showing up, and
Slide 44: Cerro Tute near Santa Fe
For personal use only Cerro Tute near Santa Fe – one of GCRP’s new application areas
Slide 45: Golden Cross is quietly achieving
For personal use only Golden Cross is quietly achieving… • CUMIC Alliance affords great opportunities for GCR • Global search for advanced copper-gold projects • Drilling to commence on gold and copper projects
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