Auking Mining Ltd · ASX:AKN
Auking Mining — Chinalco Yunnan Copper Resources — Investor Presentation (July 2013)
20 slides from Auking Mining's investor presentation, Jul 9, 2013
Slide 1: Investor and Media Briefings
Blue Caesar Prospect Elaine copper-gold resource INVESTOR AND MEDIA BRIEFINGS 9 July 2013
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement DISCLAIMER This presentation has been prepared by Chinalco Yunnan Copper Resources Ltd (CYU) for the sole purpose of providing an overview of its current prospects and proposed exploration and development strategy to recipients. This presentation is based on i
Slide 3: CYU's Corporate Objective
CYU’s Corporate Objective Become a significant producer of copper and other minerals within 3 years
Slide 4: CYU's Largest Shareholders
CYU’s Largest Shareholders Chinalco is the world’s 2nd largest alumina producer and 3rd largest Aluminium primary aluminum producer Corp of Chinalco acquired a 58% holding in China YCI in 2012 (Chinalco) Yunnan Copper Industry (YCI) Chinalco Yunnan Established in 1958, YCI is Copper Resources China’
Slide 5: How to Achieve the Corporate Objective?
How to Achieve the Corporate Objective? Three ways that CYU intends to achieve goal of production within three years 1. Continuing exploration and development existing projects 2. Working closely with representatives of Yunnan Copper to develop opportunities through the San Mu joint venture 3. Acqui
Slide 6: How to Achieve the Corporate Objective? (cont.)
How to Achieve the Corporate Objective? (cont.) By virtue of its close relationship with both Chinalco and Yunnan Copper, CYU has the unique capacity (in the current market conditions) to access substantial financial support. This financial support is to be used to: * fund the purchase price of new
Slide 7: Queensland – Projects & Possibilities
Queensland – Projects & Possibilities Mary Kathleen Shear Zone – 12 km of untested strike
Slide 8: Queensland – Elaine Inferred JORC Copper+Gold Resource
Queensland – Elaine Inferred JORC Copper+Gold Resource 27.7Mt@0.60% CuEq* (0.53% copper & 0.08g/t gold) Mary Kathleen, looking north along Mary Kathleen Shear Elaine, looking north along Mary Kathleen Shear QLD – CURRENTLY 150,000t, TARGETING 1,000,000t FINE CU 8km untested shear between Mary Kathle
Slide 9: Mary Kathleen Shear Zone Regional Targets – Blue Caesar Phase I
Queensland – Mary Kathleen Shear Zone Regional Targets - Blue Caesar – Phase I Drilling Complete Mary Kathleen Shear Zone – Blue Caesar first regional target identified and tested. Five additional targets to be tested MKBC003 – Mineralisation @ 39m MKBC003 – Mineralisation @ 60m 3.12% copper 1.69% c
Slide 10: Blue Caesar – Phase II Drilling Commenced
Queensland – Mary Kathleen Shear Zone Regional Targets - Blue Caesar – Phase II Drilling Commenced Phase II of the Blue Caesar drilling program has commenced. Features of the program include: * 1000m of diamond exploration drilling across an estimated 6-8 holes * stepping out from the MKBC002 drill
Slide 11: Blue Caesar – Phase II Drilling Commenced (Cont)
Queensland – Mary Kathleen Shear Zone Regional Targets - Blue Caesar – Phase II Drilling Commenced (Cont)
Slide 12: Mary Kathleen Shear Zone – A New Perspective
Mary Kathleen Shear Zone – A New Perspective Conventional geological interpretation of mineralisation in the Mary Kathleen region is that these are mostly “skarn” formations. [Skarns are formed from calcite-rich rocks (limestones and dolomites) reacting with the heat and fluids pushed up by intrusio
Slide 13: Mary Kathleen Shear Zone – A New Perspective (Cont.)
Mary Kathleen Shear Zone – A New Perspective (Cont.) CYU investigating that the Mary Kathleen Shear Zone fluids have a geochemical signature consistent with deep alkaline intrusive bodies – derived from the earth’s mantle – with the Shear Zone providing the plumbing. [The earth’s “mantle” is a highl
Slide 14: Chile: CYU in the Porphyry Copper Belt
Chile: CYU in the Porphyry Copper Belt • Palmani project is a farm-in with Rio Tinto – in the porphry belt region of northern Chile; • Sulfato project is a farm-in with Chile’s Codelco – in the region near the Collahuasi copper mine • Humito is 100% owned by a CYU subsidiary. Includes an area under
Slide 15: Chile – Sulfato Copper Porphyry Prospect
Chile – Sulfato Copper Porphyry Prospect 2013 – 2D IP inversion model – chargeability VIP chargeability – northwest view Potential deep seated porphyry zone – previous (1997) drilling 92m @ 0.65% copper
Slide 16: Chile – Palmani Copper Porphyry Prospect
Chile – Palmani Copper Porphyry Prospect untested potential deep seated porphyry zone covered by >400m overburden
Slide 17: San Mu Mining JV
San Mu Mining JV • Yunnan Copper San Mu Mining Industry Co Ltd (San Mu) is a China-registered corporation • San Mu’s Articles establish a corporate purpose of exploring & developing minerals in China and neighboring countries • CYU holds 51% of the shares in San Mu. 49% held by Yunnan Copper Industr
Slide 18: CYU's Board of Directors
CYU’S Board of Directors Mr Zhihua Yao (Chairman) – mining engineer with 30 years experience in mining and exploration in China. Deputy General Manager of Chinalco Yunnan Copper Industry (Group) Co Ltd since 2010 Mr Paul Williams (Managing Director) – commercial lawyer with over 25 years experience.
Slide 19: CYU Corporate Summary
CYU Corporate Summary ASX (Australia) Code – CYU (As at 8 July 2013): Shares on issue – 247.99m Market capitalisation – A$13.1m Average daily volume – 93,376 shares Debt – Nil Cash – A$3.5m Substantial shareholder – Yunnan Copper Industry (Group) Co Ltd (43%)
Slide 20: Contact Details
Contact Details Level 8, 320 Adelaide St Brisbane QLD 4000 Australia Telephone: +61 7 3211 9013 Fax: +61 7 3010 9001 www.cycal.com.au Paul Williams: paul.williams@cycal.com.au Robert Yang: Richard Hatcher: yzw@cycal.com.au richard@cycal.com.au
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