China Power International Development Ltd · HKEX:2380
China Power International Development — Marengo Mining — Investor Presentation (August 2012)
20 slides from China Power International Development's investor presentation, August 2012
Slide 1: Investor Presentation
Investor Presentation Les Emery, Managing Director & CEO
Slide 2: Disclaimer
Disclaimer The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness. Certain information in this presentation, including all statements that are not historical facts, constitutes forward-looking information within the
Slide 3: Marengo – Board
Marengo – Board John Horan – Chairman: Many years of mining industry experience; former Finance Director – Homestake Gold, former Director – TSX/ASX-listed Golden China Resources Corporation, currently a Director of ASX-listed Adelaide Resources Limited. Les Emery – Managing Director & CEO: Well exp
Slide 4: Marengo – Senior Management
Marengo – Senior Management Les Emery – Managing Director & CEO: Highly experienced in exploration, mining and corporation administration; former MD – Lynas Corporation. Paul Korpi – Chief Operating Officer: 35 years global experience in mining industry, formerly GM for IAMGold’s Rosebel Mine in Sur
Slide 5: Corporate Overview
Corporate Overview ASX (MGO), TSX (MRN), Global Listings: POMSoX (MGO) Issued Shares: 1,137,078,446 Options/Warrants: 72.9M Market Capitalisation: A$140M (@ 14c) Cash: A$24.5M (as at 27 July 2012) 5
Slide 6: 2012: A Pivotal Year for Marengo
2012: A Pivotal Year for Marengo Progress to date… Invested over $100M in the world-class Yandera Cu-Mo-Au Project, PNG Completed over 145km of diamond drilling In the next six months, we will… Boosted resources of copper, molybdenum and gold Complete and deliver the Feasibility Study Undertaken a c
Slide 7: Yandera Development Timeline
Yandera Development Timeline Completion of Fixed Price EPC Environmental Mining Approvals Feasibility Study Contract from NFC Approval Q3 2013 Sept 2012 Q4 2012 Q3 2013 Complete Project Complete Commissioning PRODUCTION Financing Construction Q4 2015 2016 Q3 2013 Q3 2015 7
Slide 8: Quality Partners – China Nonferrous
Quality Partners – China Nonferrous Marengo and China Nonferrous (NFC) executed an exclusive MOU in October 2010: NFC to be principal contractor under a fixed-price Engineering, Procurement and Construction (EPC) contract covering the total project construction cost NFC to facilitate financing of at
Slide 9: Quality Partners – Petromin PNG
Quality Partners – Petromin PNG Marengo entered into a landmark Investment and Co-operation Agreement with Petromin PNG Holdings Limited (September 2011) Petromin is wholly-owned by the PNG Government The agreement establishes the framework for Petromin to acquire a 30% contributory interest in the
Slide 10: A World-Scale Copper Project
A World-Scale Copper Project One of the largest undeveloped copper projects in the Asia-Pacific Located 95km south-west of the provincial capital and northern seaport of Madang 1,730km2 tenement package in emerging mining province Less than 5% of structural corridor drilled to date 10
Slide 11: A World-Scale Copper Project
A World-Scale Copper Project Updated Resource Estimate – April 2012: 5.0 billion lbs of copper, 140 million lbs of molybdenum plus gold, silver and rhenium Open at depth and along strike First production: 2016 Significant conversion of tonnes to the Measured category increasing confidence in the est
Slide 12: Yandera Central Porphyry
Yandera Central Porphyry 145,335m of drilling (465 diamond drill Drill rigs currently active on site and at holes) completed to date nearby exploration targets Drilling to continue throughout 2012 to Central resource remains open at length focus on further in-fill & depth 12
Slide 13: Yandera Central – World-Scale Resource
Yandera Central – World-Scale Resource 13
Slide 14: Yandera Central – World-Class Resource
Yandera Central – World-Class Resource Yandera Central Project Resource Table 1 – Copper Resource (0.25% Cu cut-off) Estimate – April 2012 Category Tonnes (M) Copper Grade Contained Copper (%) (M lbs) Measured 248 0.43 2,350 Indicated 114 0.42 1,056 Inferred 218 0.37 1,778 Table 2 – Molybdenum Resou
Slide 15: Yandera Central – Development Overview
Yandera Central – Development Overview Open-cut mining operation with initial 20-year mine life Initial focus on higher grade “starter” zones to maximise cash flow and rapid payback Ore processing commencing at 25Mtpa (70,000tpd) – potential to increase to 50Mtpa Crush, grind and concentrate near mi
Slide 16: Yandera Exploration Upside
Yandera Exploration Upside Project covers 100km of the highly prospective Bundi fault Broader regional exploration focus A number of identified prospects for base metals and gold Initial drill campaign has commenced at Dirigi with further targets drilling Q3 2012 16
Slide 17: Community Affairs & Environment
Community Affairs & Environment Excellent relationships with all communities and authorities – over 400 people currently employed in PNG Community programs include ongoing assistance to local primary school and operation of local medical facility with trained staff Dedicated to providing a safe and
Slide 18: Community Engagement & Development
Community Engagement & Development An open dialogue has been established with the local community since the Yandera Project was acquired by Marengo A full Board meeting is held on site each year, facilitating direct communication between the Marengo Board and the community Yandera 2005 Through the U
Slide 19: Marengo – Summary
Marengo – Summary A major copper producer in the making Value underpinned by world-scale resource base at Yandera Central: Feasibility Study due for completion Sept 2012 Drilling to continue PNG Government participation anticipated NFC and Marengo progressing formal construction agreement – EPC cont
Slide 20: Thank You
THANK YOU www.marengomining.com