Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Australia Resources Summit 2010
24 slides from Golden Cross Resources's conference presentation, Aug 9, 2010
Slide 1: GCR's - Copper Hill porphyry copper-gold project
铜山 GCR’s - Copper Hill porphyry copper – gold project
Slide 2: Securing Finance from China, a Miner's Point of View
Golden Cross China Projects Australia Resources Summit Monday 9th - Tuesday 10th August 2010 The Hotel Windsor, Melbourne, Australia 铜山 Copper Hill Securing Finance from China, a Miner’s Point of View Kim Stanton-Cook Managing Director Golden Cross Resources ASX:GCR
Slide 3: Disclaimer and Competent Person Statement
Golden Cross Projects 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 4: Copper and gold deposits are GCR's primary targets
CopperGolden and goldCross deposits are GCR’s primary targets Projects with interests in base metals, phosphate, uranium, nickel and coal. Copper – Gold in New South Wales Copper Hill Inferred-Indicated-Measured JORC Resource containing 1.2 million ounces gold & 420,000 tonnes copper Also Copper & G
Slide 5: GCR Project Locations
feouons CROSS RESOURCES Sunny Corner (cu Pb Zn Aut Kempfield (82 Ag) 1000 km Adelaide — Cullarin (cu p> 2n Av) jm Lachlan Fold Belt = Curnamona Province @ Golden Cross Properties l= Bowen Basin @ KER Acquisition Galilee Basin ® Phosphate Farm-out ims Smet Bpsih @ Joint Venture ‘@® Clarence-Moreton B
Slide 6: How to attract Chinese investors - must-haves and pitfalls
How to attract Chinese investors - 'must-haves' and pitfalls You will need: • A project with defined, preferably JORC-compliant, Resources • A development strategy with positive outcomes projected • A management team capable of taking it forward • Some understanding of, and empathy with China • The
Slide 7: GCR and Beijing-based CUMIC have formed a strategic alliance
GCR and Beijing-based Golden Cross Projects CUMIC have formed a strategic alliance To develop Copper Hill and expand exploration activities to discover additional copper – gold deposits . This includes GCR’s exploration activities in Panama and its search for copper-gold projects elsewhere in the Am
Slide 8: Copper Hill recognised by Chinese investors as a potential mine development
GCR’s Copper Hill was recognised by Chinese investors as a potential mine Golden Cross Projects development. Copper Hill remains open at depth and along strike; potential was seen for over 500,000 tonnes of contained copper. The project is low grade requiring an unusual development strategy and is r
Slide 9: GCR Project Locations
ry OLDEN CROSS RESOURCES Sunny Corner (cu Pb Zn Aut Kempfield (82 Ag) 1000 km Adelaide — Cullarin (cu Pb zn Au) ™™ Lachlan Fold Belt = Curnamona Province ™@® Bowen Basin Galilee Basin ™= Surat Basin ‘™ Clarence-Moreton Basin == Mt Isa Inlier ™ = Georgina Basin ™ Yilgarn Block = Olympic Domain Golden
Slide 10: Copper Hill Project Drilling Status
\ + 4>/GoLpEN CROss RESOURCES aa a DuBEO Crete Cres ‘2 : — ee x & sum g Copper Hill 3 Larras Lee meer i. cargy 4 Cadia-Ridgeway eS r WF aircon rots Shades Road Little Copper Hill ~/ Fairbridge Volcanics a ' Andesite lavas and tuffs Copper Hill Net \ Boundary _——$—$—$—— COPPER HILL Lode 3 Wattle Hill
Slide 11: GCHR298 a new zone in the making
GCHR298 a new zone in the making
Slide 12: Copper Hill latest results
$%eouwen Cross RESOUR Copper Hill latest results, i 6200mN 4700mE 5000mE Proposed Buckleys Hill Pit Outline en 5-740 + Copper Hill Figure 3 Sct Drill Holes Detail
Slide 13: Slide 13
Slide 14: Copper Hill JORC Resource Estimate
铜山 Copper Hill JORC Resource Estimate Golden Cross Projects Copper Tonnes Copper Gold (g/t) Contained Contained Cutoff (Mt) (%) Copper (Kt) Gold (M oz) (%) 0.20 133 0.31 0.28 421 1.20 and containing 3.3 million tonnes sulphur in chalcopyrite (CuFeS2) & pyrite (FeS2)
Slide 15: Optimised Pit Parameters
Golden AMDAD Optimised Pit Cross ParametersProjects Case 1 Case 2 Case 3 US$/oz Au 600.00 800.00 1000.00 US$/lb Cu 1.90 2.70 3.50 DCF (10%) for 8Mtpa ore throughput. NPV after capital of A$115 A$360 A$542 $420 million deducted. million million million Mill feed million tonnes @ 8Mtpa (diluted) x min
Slide 16: Strategy for Maximising Value
Golden Cross Strategy for Projects Maximising Value By producing copper metal, bullion gold, sulphuric acid and iron Higher value products with minimal waste and greatly improved environmental outcomes Float all sulphides on site, rail to roaster, produce acid from SO2, copper by SXEW, gold by CIP/C
Slide 17: Selecting and dealing with Chinese consultants
Selecting and dealing with Chinese consultants You will need: • Advice from a wide range of contacts in China • to undertake normal due diligence • to spend some time getting to know each other • Trust It may be useful to: • have Chinese personnel on your team • have good technical translators & int
Slide 18: GCR, CACS and NERIN have commenced the Feasibility Study
GCR, CACS and NERIN Golden Cross Projects have commenced the Feasibility Study China National Automation Control System Corp. (CACS) and China Nerin Engineering Co., Ltd. (NERIN) have been retained to conduct the Copper Hill Feasibility Study which commenced in May 2010
Slide 19: Capex and rail freight estimates
Capex $310 $32/tonne rail freight million Molong => Port Pirie Capex $80 million Capex $30 million
Slide 20: Copper Hill Infrastructure
Molong 132Kv Sub-station Mitchell Highway 4.5km Existing Railway Copper Hill Infrastructure
Slide 21: The Copper Hill Feasibility Study has commenced
THE COPPER HILL FEASIBILITY STUDY HAS Golden Cross Projects COMMENCED with China National Automation Control Systems Corp (CACS) and China Nerin Engineering Co., Ltd. (NERIN) hard at work. WHAT’S INVOLVED? Due diligence on CACS by GCR and CUMIC Determination of the Deliverables, Timing and Cost Deli
Slide 22: Securing project finance from Chinese banks
Securing project finance from Chinese banks You will need: • A Bankable Feasibility Study from a Chinese corporation • All Australian regulatory hurdles cleared • FIRB and Chinese government approvals Securing off-take agreements with Chinese companies • Establish potential customer contacts early o
Slide 23: CES
CES UR ESO CROSS R (9 OLDEN + 3 4G ">
Slide 24: Thank you
Thank you…... and thank you 中国! from 澳大利亚
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