Golden Cross Resources Ltd · ASX:GCR
Golden Cross Resources — Excellence in Mining & Exploration, Sydney 2010
30 slides from Golden Cross Resources's conference presentation, Sep 21, 2010
Slide 1: Excellence in Mining & Exploration - Golden Cross Resources
Excellence in Mining & Exploration. Sydney 21 September 2010 GOLDEN CROSS RESOURCES Ltd For personal use only Ex cellence in M ining & Ex ploration Sydney 20-22 Septem ber 2010 Bret Ferris Exploration M anager
Slide 2: Disclaimer and Competent Person Statement
Excellence in Mining & Exploration. Sydney 21 September 2010 DISCLAIMER Golden Cross Projects For personal use only This material contains certain forecasts and forward- looking information, including information about possible or assumed future performance, exploration results, resources or potenti
Slide 3: Company History
Excellence in Mining & Exploration. Sydney 21 September 2010 Com pany History For personal use only • 1996 March: ASX float raised $7.2M • Diversified explorer. Focus on NSW. A persistence explorer • 2007 May: King Eagle Resources acquisition. • 2007 August: Focus on Copper Hill in a period of escal
Slide 4: CUMIC Alliance
Excellence in Mining & Exploration. Sydney 21 September 2010 CUM I C Alliance For personal use only • HQ Mining subsidiary of CUMIC. - privately owned, Beijing- based investment company • Access to mining consultants, capital, mining & processing equipment from China. • Support for new mineral explo
Slide 5: Wholly Owned Projects: Copper & Gold in Panama
Excellence in Mining & Exploration. Sydney 21 September 2010 W holly Ow ned Projects For personal use only Copper & Gold in Panama
Slide 6: Joint Ventures
Excellence in Mining & Exploration. Sydney 21 September 2010 Joint Ventures For personal use only
Slide 7: Flagship project: Copper Hill
Excellence in Mining & Exploration. Sydney 21 September 2010 Flagship project For personal use only •铜山 COPPER HILL
Slide 8: Copper Hill: Regional Address
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill: Regional Address For personal use only
Slide 9: Copper Hill: Comparative Resources & Grades
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : Com parative Resources & Grades For personal use only TOTAL Measured, Indicated & Inferred Tonnes Au Copper Gold Deposit Cu% MT gpt MTonnes Moz. Cadia Hill OC 408 0.12% 0.42 0.49 5.5 Cadia Extended 83 0.20% 0.35 0.16 0.9 Ridg
Slide 10: Copper Hill: History
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : History For personal use only • 1845 First copper mine in Australia • 1850-1966 Sporadic small scale mining • 1966 Anaconda • 1970 Amax purchased the freehold • 1980s John McCarron, Amoco Cyprus • Various JVs – MIM, Newcrest
Slide 11: Copper Hill: 1845
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : 1845 For personal use only P ainting: “The M olong Copper M ine “ W atercolour by Conrad M artens c. 1845, National Library of Australia
Slide 12: Copper Hill: 2010
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : 2010 For personal use only
Slide 13: Copper Hill: Copper Distribution
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : For personal use only Copper Distribution Multiphase porphyry intrusive complex Grade Distribution >0.4% Cu >0.6% Cu
Slide 14: Copper Hill: 2010 Exploration
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : Golden Cross Projects For personal use only 2010 Ex ploration • Test peripheral targets along strike & down-dip / down- plunge • Long [up to 283m] intercepts of low grade mineralisation
Slide 15: Copper Hill: 2010 Exploration GCHR311
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : For personal use only 2010 Ex ploration GCHR311 Extension of resource blocks
Slide 16: Copper Hill: 2010 Exploration GCHR298
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : For personal use only 2010 Ex ploration GCHR298 new zone in the making
Slide 17: Copper Hill 2010 Drilling
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill For personal use only 2010 Drilling
Slide 18: Copper Hill JORC Resource Estimate
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill JORC Golden Resource Cross Estim ate Projects For personal use only Hellm an & Schofield - August 2007 Copper Tonnes Copper Gold (g/t) Contained Contained Cutoff (Mt) (%) Copper (Kt) Gold (M oz) (%) 0.20 133 0.31 0.28 420 1.20
Slide 19: Copper Hill: Re-Optimisation
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : Re-Optim isation Golden Cross Projects For personal use only Australian M ine Design & Developm ent P L [AM DAD] October 2009 Case 1 Case 2 Case 3 US$/oz Au 600 800 1000 US$/lb Cu 1.90 2.70 3.50 Capital Cost Estimate 8 MTPA M
Slide 20: Copper Hill: Production Potential
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : Production Potential For personal use only Case 1 Case 2 Case 3 US$/oz Au 600 800 1000 US$/lb Cu 1.90 2.70 3.50 LOM OUTPUT 14 years 20 years 21 years Copper 266 KT 335 KT 343 KT Gold 0.83 Moz. 1.11 Moz. 1.14 Moz. Sulphur 2.19
Slide 21: Where's the Excellence?
Excellence in Mining & Exploration. Sydney 21 September 2010 OK , For personal use only Copper Hill is a som ew hat challenging low grade copper-gold deposit SO… … … .. W here’s The “Ex cellence”? 1. New Processing Route 2. Infrastructure 3. Chinese support 4. Exploration Potential 5. Personnel
Slide 22: Excellence 1: Maximising Value through Processing
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill Ex cellence 1: M ax imGolden ising ValueCross Projects For personal use only through P rocessing Previous Conventional flotation to maximise copper, but low gold recovery. New Float ALL sulphides on site, rail to roaster, produ
Slide 23: For personal use only
Excellence in Mining & Exploration. Sydney 21 September 2010 For personal use only Capex $310 million Capex $80 million $17/tonne rail freight Molong to Port Pirie Capex $30 million
Slide 24: Excellence 2: Infrastructure
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill Ex cellence 2 Golden Cross Projects For personal use only I nfrastructure • Railway to site • Molong town 5km away • Mainline railway to west - Port Pirie • Mitchell Highway • Low strip ratio – simply remove the hill • No delet
Slide 25: Copper Hill Infrastructure
Molong 132 Kv Excellence in Mining & Exploration. Sydney 21 September 2010 Sub-station For personal use only M itchell Highway 4.5 km Existing Railway Copper Hill I nfrastructure
Slide 26: Excellence 3: Support from Chinese Associates
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill Ex cellence 3. For personal use only Support from Chinese Associates • Stage 1: Econom ic Evaluation - Com m enced M ay 2010 • China N ational Autom ation Control System s Corp [CACS] • China N erin Engineering Co Ltd • [ Nanch
Slide 27: Excellence 4: Exploration Potential
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill For personal use only Ex cellence 4: Ex ploration P otential • Only central part of the licence intensively drilled • Good geophysical and geochemical targets • Understanding of the porphyry system enhanced by work at Copper Hi
Slide 28: Excellence 5: Technical Team
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill Ex cellence 5. For personal use only Technical Team Copper Hill Site: • Chris Johnston – Senior Site Geologist • Anne Eastw ood – R esource Geologist [P / T] • Charlie Seabrook – P roject Geologist SA, W A (& elsew here!) • [Ci
Slide 29: Copper Hill: Mineralisation Styles
Excellence in Mining & Exploration. Sydney 21 September 2010 Copper Hill : M ineralisation Styles For personal use only
Slide 30: Copper Hill: GCHR
Excellence in Mining & Exploration. Sydney 21 September 2010 For personal use only Copper Hill : GCHR 302
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