Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Shareholder Meeting (October 2007)
60 slides from Golden Cross Resources's shareholder meeting presentation, Oct 17, 2007
Slide 1: Golden Cross Resources Annual General Meeting
For personal use only Golden Cross Resources Annual General Meeting 17th October 2007 ASX:GCR Kim Stanton-Cook Managing Director
Slide 2: Gold, uranium and base metals explorer with drilling about to commence
For personal use only Golden Cross is a gold, uranium and base metals explorer with drilling about to commence. Lachlan Fold Belt, Curnamona Province and Thomson Orogen of New South Wales
Slide 3: Explorer expanding its range
For personal use only Golden Cross is a gold, uranium and base metals explorer expanding its range. Mount Isa, Georgetown and Bowen regions of Queensland Lachlan Fold Belt, Curnamona Province and Thomson Orogen of New South Wales
Slide 4: Now with a nickel project in the Yilgarn
For personal use only Golden Cross is a gold, uranium and base metals explorer now with a nickel project in the Yilgarn . Mount Isa, Georgetown and Bowen regions of Queensland Lachlan Fold Belt, Curnamona Province and Thomson Orogen and the Yilgarn Block of New South Wales of Western Australia.
Slide 5: Explorer on the move
For personal use only Golden Cross is a gold, uranium and base metals explorer on the move 2,875 shareholders 540.5 million shares issued $23.5 million market capitalisation
Slide 6: New exploration interests: Gold in Panama
For personal use only Golden Cross also has new exploration interests: Gold in Panama Drilling to start soon, IP underway
Slide 7: New exploration interests: Uranium in Labrador
For personal use only Golden Cross also has new exploration interests: & Uranium in Labrador, Canada. Airborne radiometrics & magnetics flown. Data being processed by McPhar Geophysics
Slide 8: Australian Exploration
For personal use only AUSTRALIAN EXPLORATION
Slide 9: Australian project map
= ‘= O @ iD 5 © ‘= O D i @ oe = © UL Mulga Tank UN Au) a Kalgoorlie Esmeralda , (UA) Cairn: Mount Isa (vu) Highland Shernn it srs _)) Bowen | \ Mount Isa Covena ww Ge ee Katalpa (ww poms) 2 Canbelego Yellow Mt 1 ~) (Gu Au Zn PE Ag) Yarindury i» Wagga Tank 2 (PGH's fe (us) (Cu 2n Pog Au) s, cd 3 Shar
Slide 10: GCR property near Cu-Au mines
= ‘= O @ iD 5 © ‘= O D i @ oe = © UL DUBBO Peak Hill 6 Northparkes 68 Copper Hill I e MOLONG ®. PARKES NX ORANGE \ Cargo 6) Cadia-Ridgeway a@ @ BATHURST Junction GCR Property . ® v @ Cu-Au Mines Gidginbung Ordovician Centres
Slide 11: Copper Hill
For personal use only Copper Hill
Slide 12: Copper Hill resource estimates at cut-off grades
Copper Hill Resource Estimates at a range of cut-off grades For personal use only Copper Tonnes Copper Gold (g/t) Contained Contained Cutoff (Mt) (%) Copper (Kt) Gold (M oz) (%) 0.10 328 0.21 0.20 702 2.11 0.15 211 0.26 0.24 557 1.62 0.20 133 0.31 0.28 421 1.20 0.25 83 0.37 0.33 310 0.88 0.30 51 0.4
Slide 13: Copper Hill conceptual pit optimisation studies
• Copper Hill Project – Conceptual Pit Optimisation Studies For personal use only Case 1 Case 2 Case 3 • US$/oz Au 500.00 600.00 700.00 • US$/lb Cu 1.80 2.65 3.50 • Operating A$250 m A$600 m A$900 m NPV 8 Mtpa No plant capital included Mill Feed, million tonnes @ 8 Mtpa 44 94 118
Slide 14: Copper Hill NPVs
Copper Hill OPNV's For personal use only 1000 800 $ m illio n 600 ONPV @6Mtpa 400 ONPV @8mtpa $333 million capex 200 0 1 2 3 Case 1: Gold US$500, Copper US$1.80/lb. Cases Case 2: Gold US$600, Copper US$2.65/lb. Case 3: Gold US$700, Copper US$3.50/lb.
Slide 15: Mining & Metallurgy
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 CIL
Slide 16: Mine Site Schematic
Tailings 2 For personal use only Tailings 1 Waste dump 132K v Po Mill and Plant wer Copper Hill North Line Boundary Pit Copper Hill Pit yor nve Co Ra il w ay Wattle Hill Pit Mine Site Schematic Rail Loader
Slide 17: Infrastructure and Support
Infrastructure and Support For personal use only • Railway spur line to the foot of Copper Hill • 4.5km to 132Kv electrical sub-station • Supply chains, fabrication, services • 35km from Lake Burrendong • Molong community support • Cabonne Council support • State Government support
Slide 18: Copper Hill Infrastructure
Molong 132Kv Sub-station For personal use only 4.5km 4.5km Existing Railway Copper Hill Infrastructure
Slide 19: Copper Hill Railway
For personal use only Copper Hill Railway
Slide 20: Molong Substation
For personal use only Molong Substation
Slide 21: Community Involvement
For personal use only Community Involvement www.molongfestival.com.au
Slide 22: New Targets
New Targets For personal use only • Power IP and geochemical Anomaly • Vale Head and Wattle Hill IP anomalies • Little Copper Hill • Boundary – Copper Hill North zone • Southern aeromagnetic anomalies
Slide 23: Magnetics: Copper Hill – Power – Vale Head IP
For personal use only Magnetics Copper Hill – Power – Vale Head IP
Slide 24: Copper Hill Aeromagnetics
For personal use only Copper Hill Aeromagnetics
Slide 25: New South Wales properties map
Katnipa jie eG Cankbalmy a a Yellow Mit ; -— Vorlidury Broken Hill a appa Tank Copger Hill re Fay Kilparney . © — Sunny Comer Rast a li Bs ‘ L Wert WY yal cong al oes e= Kiarorledid | . A 8 in Carge a cu Set . a - Culiarinm Laich ——- Taldotop olden Cross Properties KER Soquisition ® Farmed out
Slide 26: GCR Joint Ventures – New South Wales
GCR - Joint Ventures – New South Wales Broken Hill - CVRD-Inco For personal use only Wagga Tank – Zinifex Cargo – Cybele Resources (Calibre Mining) Cullarin - Tri Origin Kempfield, Sunny Corner & West Wyalong - Kempfield Silver Total for earn-ins = $12.5 million -------------------------------------
Slide 27: Canbelego Au – Cu-Pb-Zn
For personal use only Canbelego Au – Cu-Pb-Zn
Slide 28: Rast Project Areas – Cobar Basin
Rast Project Areas – Cobar Basin For personal use only ~Airborne Magnetic Anomalies~ An assessment of the airborne magnetic data over much of the Rast South tenement block has identified a total of 20 magnetic anomalies. The sources of these anomalies are unknown, as most lie in areas of no outcrop
Slide 29: Australian project map
= ‘= O @ iD 5 © ‘= O D i @ oe = © UL Mulga Tank (UNI AU) = Kalgoorlie achian Fold Be! Esmeralda , (U Au) ‘2 Mount Isa wm Katalpa (1 porrs) 2 Canbelego Yellow Mt (4% cu) ae Avan pe Yarindury — Wagga Tank 2 Bronen 58 9 (cu th Prag au) *, 2 3 Sse ghtond at 2 2 r ® Sunny Corner West Wyalongi* cu) 2 > Ee
Slide 30: Mount Isa
For personal use only Mount Isa
Slide 31: Esmeralda
For personal use only Esmeralda
Slide 32: Mt Mackenzie / Mount Carlton
Mt Mackenzie Mount Carlton 12.6 million tonnes 2.11 g/t Au, 52 g/t Ag Latest drill results 24m at 11.8 g/t Au 19m at 4.27 g/t Au 8.3m at 12.3 g/t Au [_L, Ger Property ' @ Gold Prospects | Mt Cavana
Slide 33: Bowen
For personal use only Rock chips of 6.3 to 16.8 g/t gold and 105 g/t silver over a 100m long zone. Best drill results of 8m at 3.2 g/t gold. Geology is similar to the nearby Silver Hill - Mount Carlton gold – silver discoveries. Bowen
Slide 34: Australian project map
= ‘= O @ iD 5 © ‘= O D i @ oe = © UL Mulga Tank (UN AW) - Kalgoorlie Curnamo Esmeralda (U Au) s Mount Isa; Highland Sherrin Quita vu) vy Bo Mount Isa if ab Katalpa (6 roms) 2 Canbelego Yellow Mt (uc) (Cus Aar2n PR AQ) Yartndury (PGMs Ma Cu) (Cu Zn Pong Aa) @ Kilparney (ai cx) <4 A Rast (Au cu > Zn)
Slide 35: Mulga Tank – Eastern Goldfields Greenstone Belts
For personal use only Mulga Tank – Eastern Goldfields Greenstone Belts, palaeochannels, EM conductors, RAB
Slide 36: Mulga Tank Magnetics
For personal use only Mulga Tank Magnetics
Slide 37: Mulga Tank nickel drill results
For personal use only Hole MTD001 averaged 0.20% nickel across the entire 270m of serpentinised dunite from 67.3m MTD002 returned 0.19% nickel over 212m (from 60m). Shallow RAB samples assayed up to 2% nickel.
Slide 38: Location of Pole-Dipole IP Survey Lines
: Location of Pole-Dipole IP Survey Lines - (background of ground magnetics): Nominal Boundary of Magnetic Feature -—~ — ~~. a = cot —- —) i) mi 4008L2S = ‘= O @ iD 5 © ‘= O D i @ oe = © UL Datum: AGDB4 Projection: AMG 751 520000 _ 618000 mE
Slide 39: For personal use only
For personal use only
Slide 40: Gold in Panama
For personal use only Gold in Panama
Slide 41: Veraguas Gold Belt, Panama
For personal use only Panama City 100km Veraguas Gold Belt Panama
Slide 42: Panama City
For personal use only Panama City
Slide 43: Panama Veraguas Project
For personal use only PANAMA Veraguas Project
Slide 44: 62.8 g/t Au in float – El Tiro
Rob Harley, GCR Exploration Manager, in his element For personal use only 62.8 g/t Au in float– El Tiro
Slide 45: Boca de Higui
For personal use only Boca de Higui
Slide 46: Veraguas IP
For personal use only Veraguas IP
Slide 47: Labrador Uranium - Canada
For personal use only Labrador Uranium - Canada
Slide 48: Labrador geological provinces
= ‘= O @ iD 5 © ‘= O D i @ oe = © UL Ungava Bay Churchill Province Superior Province Labrador Sea (Atlantic Ocean) <@, Nain =~ Province Makkovik y? Province Grenville Province
Slide 49: Nuiklavik Caldera - Tenements
For personal use only Nuiklavik Caldera - Tenements
Slide 50: Nuiklavik Magnetics
For personal use only Nuiklavik Magnetics
Slide 51: Nuiklavik Total Count Radiometrics
For personal use only Nuiklavik Total Count Radiometrics
Slide 52: Notakwanon
For personal use only Notakwanon
Slide 53: Notakwanon Preliminary magnetics
For personal use only Notakwanon Preliminary magnetics
Slide 54: Notakwanon Preliminary total count radiometrics
For personal use only Notakwanon Preliminary total count radiometrics
Slide 55: Notakwanon preliminary U + Th
Notakwanon For personal use only preliminary U + Th 2km
Slide 56: Notakwanon fault zone
For personal use only Notakwanon fault zone
Slide 57: Notakwanon fault zone
For personal use only Notakwanon fault zone
Slide 58: For personal use only
For personal use only
Slide 59: Explorer gearing up
For personal use only Golden Cross is a gold, uranium and base metals explorer gearing up • With $5 million in cash • 2,875 shareholders • 540.5 million shares issued
Slide 60: GCR is on the move and drilling ahead
…….. with some great For personal use only discoveries just around the corner. GCR is on the move and drilling ahead.
Golden Cross Resources — Shareholder Meeting (October 2007) on 6ix