Coppermoly Limited · ASX:COY
Coppermoly — Shareholder Meeting (November 2012)
24 slides from Coppermoly's shareholder meeting presentation, Nov 14, 2012
Slide 1: Exploring major copper-gold systems in PNG – Annual General Meeting
“Exploring major copper‐gold systems in PNG” ASX:COY Annual General Meeting 1pm, 14th November 2012 AEST
Slide 2: Disclaimer
Disclaimer This document is not a disclosure document nor does it constitute the provision of financial product advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information. The information is provided expressly on the basis that recipients will ca
Slide 3: Highlights
Highlights • Coppermoly enters a period of exclusivity with Barrick to re‐acquire 100% of its assets within the three tenements Nakru, Simuku and Talelumas • Barrick (PNG Exploration) Ltd have spent over A$22.4m since 2009 to acquire a 72% stake in the three tenements. As a result of this work, a re
Slide 4: Company Shareholding
Company Shareholding Current Shares on Issue 159.5 million Vangold Resources Ltd (TSX‐V:VAN) 8.7% National Nominees Ltd 7.5% Mr David Lawson 6.5% Barrick 6.3% HSBC Nominees 6.2% Share Price 4.7 cents Market Capitalisation $7.5 million Top 20 Shareholders currently hold 49%
Slide 5: Board and Management
Board and Management Dal Brynelsen – Non Executive Chairman, CEO of Vangold Resources Ltd (TSX:VAN), founding Director of Griffin Mining. Over 30 years experience in the mining industry. Peter Swiridiuk – Managing Director, 22 years experience with copper and gold exploration in PNG, Solomon Islands
Slide 6: Comparison of Coppermoly with peers
Comparison of Coppermoly with peers • Coppermoly (ASX: COY) A$7.5m – PNG copper and gold • Marengo Mining (ASX: MGO) A$170m – PNG copper porphyry • Robust Resources (ASX: RLO) A$53m – Indonesia copper • Intrepid Mines (ASX: IAU) A$177m ‐ Indonesia copper and gold • Hot Chili (ASX: HCH) A$89m – Chile
Slide 7: Papua New Guinea – Large Deposits
Papua New Guinea – Large Deposits COPPERMOLY Lihir ‐ 40 Moz AuEq Frieda ‐ 1060 Mt at 0.53% Cu, Simuku porphyry 0.29g/t Au 200Mt at 0.36% Cu Porgera – 25 Moz Au Ok Tedi – Yandera ‐ 663 Mt at 0.76% 667 Mt at 0.33% Cu Panguna – Cu, (Bougainville) 0.85g/t Au Wafi ‐ Golpu 944Mt at 0.48% Cu, 0.56g/t Au CO
Slide 8: New Britain Island Copper-Gold Projects
New Britain Island Copper‐Gold Projects • Highly prospective for copper and gold • Topography not extreme (200m to 800m) • Landowners supportive Topography SRTM Image
Slide 9: Kimbe – Provincial capital and Base of Operations
Kimbe – Provincial capital and Base of Operations • Projects have access to a deep water port at provincial capital of Kimbe • Large palm oil industry has developed local infrastructure Port at Kimbe
Slide 10: Nakru Copper-Gold-Zinc Systems (28% Coy)
Nakru Copper‐Gold‐Zinc Systems (28% Coy) • 31 drill holes (7253m) at Nakru‐1, 2 & 4 • Further drilling required to test targets and outline boundaries of mineralisation • Nakru‐01 Inferred Resource of 38.4Mt at 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag
Slide 11: Nakru 1 – Outline of Copper-Gold Resource (28% Coy)
Nakru 1 – Outline of Copper‐Gold Resource (28% Coy) 1. Additional drilling required to define the full extent of mineralisation 2. Only 27 diamond holes completed for 5928m
Slide 12: Nakru-01 Inferred Resource
1. Inferred Resource of 38.4Mt grading 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag (0.2% Cu cut-off) 2. Inferred Resource of 21.6Mt grading 0.81% Cu + 0.39 g/t Au + 1.81 g/t Ag (0.5% Cu cut-off) 3. Additional drilling required to define tonnage of upper supergene copper enrichment
Slide 13: Nakru 2: Copper-Zinc System (28% Coy)
Nakru 2: Copper‐Zinc System (28% Coy) Only 1km west of Nakru‐01 • Large 800m diameter envelope of mineralisation • Two drillholes intersected massive sulphide copper including 6.8m grading 3.8% Cu at 30m depth • Barrick intersected 64m at 0.59% Cu at 141m depth and 4.9m at 13.6% Zn, 24.03 g/t Ag, 0.
Slide 14: EL 2014 Makmak (100% Coy) Targets for IOCG style mineralisation
EL 2014 Makmak (100% Coy) Targets for IOCG style mineralisation • Recently granted tenement covering 280km2 • Petrology of rock samples suggest IOCG styles of mineralisation • Copper, gold and Iron prosects are associated with transfer structures, similar to IOCG deposits in Chile
Slide 15: EL 2014 Makmak (100% Coy) Visible Copper and Gold
EL 2014 Makmak (100% Coy) Visible Copper and Gold Pulding Prospect Wara Creek Prospect • Occurs on a transfer structure • Rock float samples have copper alongside Montague Harbour and zinc mineralisation noted • Preliminary Niton XRF* returned • Panning stream samples assays > 1% Cu on nine rock pro
Slide 16: EL 2014 Makmak Significant Magnetic Geophysical Anomalies
EL 2014 Makmak (100% Coy) Significant Magnetic Geophysical Anomalies • Quartz, albite and tourmaline with magnetite occur in samples over a large area. • Numerous magnetic anomalies within the tenement are important targets for mineralisation
Slide 17: Simuku (28% Coy) Major Copper System on Transfer Structures
Simuku (28% Coy) Major Copper System on Transfer Structures EL2014 Makmak
Slide 18: Simuku Porphyry Copper Prospect (28% Coy)
Simuku Porphyry Copper Prospect (28% Coy) Diamond Drilling of 39 holes for over 10,500m Drilling currently underway Inferred Resource • 200 Mt at 0.36% Cu + 61ppm Mo + 0.06g/t Au + 2g/t Ag Nayam Prospect • SMD19 intersected 18m of 1.0% Cu from 18m depth in secondary copper enrichment Tobarum Prospec
Slide 19: Cross-Section of Simuku Resource (28% Coy)
Cross‐Section of Simuku Resource (28% Coy) Deep Drilling intersected mineralisation to over 1000m depth Resource Upgrade in 2013
Slide 20: Summary
Summary • Projects have excellent access via 4WD vehicle, from the provincial capital of Kimbe • Makmak (100% COY): IOCG style mineralisation on south coast of New Britain Island • Simuku (28% COY): Inferred Resource of 200 Mt at 0.36% Cu + 61ppm Mo + 0.06 g/t Au + 2 g/t Ag • Nakru (28% COY): Inferr
Slide 21: Future Plans
Future Plans Barrick Agreement New Projects: (72% Barrick, 28% Coy) 100% Coppermoly EL 2014 Makmak (280 sq.km): Simuku (48 sq.km): • Laboratory results in December • Further drilling in 2012 and 2013 • Sampling, mapping, geophysics • Resource upgrade in 2013 and drilling in 2013 Nakru (47 sq.km): EL
Slide 22: Contact Details
Contact Details • Peter Swiridiuk – Managing Director • Maurice Gannon – Director of Operations and Company Secretary Ph +61 7 5592 1001 info@coppermoly.com.au www.coppermoly.com.au
Slide 23: Notes:
Notes: • Mineralisation at Nakru-01 consists of copper, gold and silver. • Copper Equivalent* values have been calculated as (Cu + (6764.1 x Au) + (113 x Ag)) • Copper Equivalent* is the contained copper, gold and silver that are converted to an equal amount of pure copper and summed (based on assay
Slide 24: Notes:
Notes: • All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection). • Drill core and rock samples were transported to the field camp site then to the town of Kimbe. Drill core was logged, orientated and sampled between 1m and 2m interv