Lcl Resources Limited · ASX:LCL
Lcl Resources — Metminco — Shareholder Meeting (May 2015)
28 slides from Lcl Resources's shareholder meeting presentation, May 28, 2015
Slide 1: 2015 AGM Presentation – Los Calatos: A High Grade Development Option
2015 AGM Presentation Los Calatos: A High Grade Development Option 28 May 2015 0
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) is strictly confidential to the recipient and has been prepared by Metminco Limited (“Metminco” or the “Company”) based on the information available to it. It is intended solely for the information of the initial recipient of this presentation. Metmi
Slide 3: Los Calatos High Grade Development Option
Los Calatos High Grade Development Option 2
Slide 4: Los Calatos in brief – large scale development option
Los Calatos in brief – large scale development option 100% owned, large • Measured, Indicated and Inferred Mineral Resource of 1.42Bt at 0.47% Cu & undeveloped Cu-Mo project 0.022% Mo (6.7Mt Cu metal) (2013) Located in prolific Cu- • Nearest neighbours include the Toquepala, Cuajone and Cerro Verde
Slide 5: Los Calatos in brief – high grade, lower tonnage option
Los Calatos in brief – high grade , lower tonnage option Mineral Resource • Measured, Indicated and Inferred Mineral Resource of 1.42 bln/t at 0.47% Cu Estimate 2013 & 0.022% Mo (6.7Mt Cu metal) Breccias, Tonnes and • Using the 2013 Mineral Resource Estimate, breccias contain Grade (2013 estimate) 2
Slide 6: Located in prolific Cu–Mo mining district
Located in prolific Cu – Mo mining district Close proximity to substantial open pit mining operations Cerro Verde Toquepala Cuajone Unit Started production 1976 1960 1976 Reserves: ¹ Cu grade 0.50% 0.37% 0.38% Mo grade 0.018% 0.017% 0.013% Cut-off grade (CuEq) 0.14% 0.16% 0.17% Strip ratio 4.37 7.67
Slide 7: Los Calatos Looking South
Los Calatos Looking South 6
Slide 8: Los Calatos Looking East
Los Calatos Looking East 7
Slide 9: Concept of high grade starter operation
Concept of high grade starter operation Prior drilling programs identified high grade Cu and Mo mineralisation associated with hydrothermal breccias Re-logging of drill core (120,000m) constrained high grade zones of mineralisation • Established clear geological controls to the high grade minera
Slide 10: Geological Plan: 2800m RL
Geological Plan: 2800m RL Plan view of the 2,800m RL showing: • Interpreted geological units that comprise the porphyry system • Outline of the high grade anhydrite (hydrothermal) breccias 100m below surface 9
Slide 11: Geological Plan: 2050m RL
Geological Plan: 2050m RL Plan view of the 2,050m RL showing: • Interpreted geological units that comprise the porphyry system • Outline of the high grade anhydrite (hydrothermal) breccias 850m below surface. • Note the significant increase in the extent of the breccias 10
Slide 12: Geological Plan: 1300m RL
Geological Plan: 1300m RL Plan view of the 1,300m RL showing: • Interpreted geological units that comprise the porphyry system • Outline of the high grade anhydrite (hydrothermal) breccias 1,600m below surface • Note that the breccias continue to be well developed at this level 11
Slide 13: Section 10350 – Looking West
Section 10350 – Looking West Cross section view of the porphyry system highlighting: • The vertical nature of the high grade breccia systems • The association between the breccias and the late stage dacitic intrusive that formed the breccias • The vertical extent of the breccias being in excess of 1
Slide 14: Section 10650 – Looking West
Section 10650 – Looking West Cross section view of the porphyry system highlighting: • The vertical extent of the high grade breccia systems • The association between the breccias and the late stage dacitic intrusive that formed the breccias, and the diatreme which demonstrates the volcanic phase of
Slide 15: Section 10950 – Looking West
Section 10950 – Looking West Cross section view of the porphyry system highlighting: • The vertical nature of the high grade breccia systems • The association between the breccias and the late stage dacitic intrusive that formed the breccias, and the diatreme which demonstrates the volcanic phase of
Slide 16: Infrastructure
Infrastructure 15
Slide 17: Regional infrastructure
Regional infrastructure Road and Access Proposed Services Corridor • Close to Pan American highway (50km) and the Port of Ilo (100km SW) Power Supply • Power likely to be sourced from the regional city of Moquegua 32km SSE of the project • Power costs low Services Corridor • Services corridor
Slide 18: Project of National Interest – Area expanded to 12,700ha
Project of National Interest – Area expanded to 12,700ha • The tenements within the blue outline below includes those tenements covered by the Project of National Interest • The PNI area is 12,700 ha and will satisfy the area required for the development of the infrastructure required for Los Calato
Slide 19: Exploration Potential
Exploration Potential 19
Slide 20: 8 exploration targets identified within project area
8 exploration targets identified within project area Exploration Targets 8 targets identified • 4 drill ready exploration targets (TD1 to TD4) • 4 exploration targets (TE1 to TE4) Targets defined on basis of geophysics and geochemistry Initial work suggests porphyry complex extends to the sout
Slide 21: Geophysical Survey - Total Field Magnetics
Geophysical Survey - Total Field Magnetics Los Calatos Porphyry Complex Los Calatos Project Geophysical Surveys Total Field Magnetics December 2010 21
Slide 22: Target TD2 – shares similarities with the Los Calatos deposit
Target TD2 – shares a number of similarities with the Los Calatos deposit Target TD2 – Drill Ready Target Located in similar structural setting to the main Los Calatos deposit Supported by geophysics and geochemistry Outcropping, mineralised, breccias similar to those intersected in drill hole
Slide 23: Schematic cross-section: Los Calatos and Target TD2
Schematic cross-section: Los Calatos and Target TD2 TARGET TD2 Exploration Target TD2 • Outcropping shallow-level hydrothermal breccia containing chrysocolla (hydrated copper cyclosilicate) mineralisation • Extends over strike distance of >200 metres • Presence of cryptocrystalline quartz indicative
Slide 24: Target TD3: South-eastern extension of Los Calatos deposit
Target TD3: South-eastern extension of Los Calatos deposit Exploration Target TD3 TARGET TD3 Presently defined eastern limit – Los • Limited exploration work has been completed Calatos Porphyry Complex • Represents the possible continuation of the Los Calatos Porphyry Complex to the southeast 24
Slide 25: Peru Overview
Peru Overview 25
Slide 26: Strategically located in Peru
Strategically located in Peru Overview of Peru Location of Copper Projects Peru is one of the fastest-growing emerging economies in the world and has a higher GDP than any of its Latin American neighbours • Nearly 30% higher than Chile even though their mining Rio Blanco operations are less develo
Slide 27: Strategically located in Peru (cont'd)
Strategically located in Peru (cont’d) Mining Investment in Peru Average Annual Change of Private Investment in Peru 25.9% Peru continues to be an attractive jurisdiction for capital flowing into 23.3% 22.1% the mining industry due to its macroeconomic stability and friendly 20.1% investment envir
Slide 28: Disclaimer
Disclaimer This presentation (the “Presentation”) is strictly confidential to the recipient and has been prepared by Metminco Limited (“Metminco” or the “Company”) based on the information available to it. It is intended solely for the information of the initial recipient of this presentation. Metmi