Aurelia Metals Limited · ASX:AMI
Aurelia Metals — YTC Resources — Shareholder Meeting (November 2010)
28 slides from Aurelia Metals's shareholder meeting presentation, November 2010
Slide 1: AGM November 2010
AY ITC RESOURCES LIMITED AGM NOVEMBER 2010
Slide 2: Disclaimer
DISCLAIMER • This presentation has been prepared by YTC Resources Limited (“YTC” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No
Slide 3: YTC Snapshot – November 2010
YTC SNAPSHOT – NOVEMBER 2010 PROJECTS • Through the Hera & Nymagee Projects, YTC is exploring and developing a gold-copper- lead- zinc-silver projects in the world-class Cobar Basin. • Near term base & industrial metal production with „Cobar Style‟ exploration upside CORPORATE • Successful capital r
Slide 4: 12 Month Summary Hera-Nymagee Projects
12 MONTH SUMMARY HERA-NYMAGEE PROJECTS HERA DFS • Updated the Hera Resource with a substantial lift in both tonnes and resource classification. • Detailed Metallurgy has established the Hera flow sheet • Detailed Mine Planning – fully bid mining costings • Detailed Plant design complete: - fully bid
Slide 5: Hera-Nymagee Location
HERA-NYMAGEE LOCATION Bourke World Class Cobar Gold Field +7Moz Au Eq production Armidale Endeavour Mine CBH Resources Zn-Pb-Ag Girilambone Cu Mine CSA Mine Straits Resources Glencore Tritton Cu Straits Nyngan Cobar Cu Mt Boppy Au Mine The Peak Mine Polymetals NewGold Au-Cu Nymagee Cu Mine Cu Nymage
Slide 6: Hera Location
HERA LOCATION LOW-RISK DEVELOPMENT IN AN ESTABLISHED MINING PROVINCE • Hera within the established 950,000 tpa 1.2mtpa Cobar mining district • Underground mining decline already permitted • 4 major operating mines in the district Tritton Mine – Cu (Straits Resources) 1.2mtpa 750,000 tpa CSA Mine – C
Slide 7: Project Overview
PROJECT OVERVIEW 6,454,000 6,454,000 mN mN 6,454,000 6,454,000 mN mN Untested Gravity mE mE mE mE mE 432,000 mE 434,000 mE 436,000 mE 438,000 mE 440,000 mE Poorly Tested Gravity High 432,000 434,000 436,000 438,000 440,000 High HERA
Slide 8: Hera Project – Snapshot
HERA PROJECT – SNAPSHOT • Hera Project is a series of high grade Au-Cu-Pb-Zn-Ag lenses • Located in the Cobar Basin - a world class gold and base metal province • YTC has recently expanded its Definitive Feasibility Study (DFS) on the Hera Project to include additional ore sources from the Nymagee C
Slide 9: Hera Resource
HERA RESOURCE • YTC‟s initial Hera Resource estimate was released in June 2010 • Resources are calculated using a “net-recoverable value”** cut-off, which represents the expected tonnage to be mined and processed at a profit. Hera Project – Global Resource Cutoff Category Tonnes Au g/t Ag g/t Pb % Z
Slide 10: Hera Resource
HERA RESOURCE 6447400mN 6447600mN 6447200mN 200mASL Key Main Lens $125 grade shell $200 grade shell Far West Lens 0mASL $125 grade shell $200 grade shell Hays Lens $125 grade shell $200 grade shell -200mASL North 100m Hera Gold Project Resource Grade Shells – Long Section looking west 10 with Indica
Slide 11: Hera Extensions
HERA EXTENSIONS 6447400mN 6447600mN 6447200mN Key HRRC008: 45m @ 1.5g/t Au Main Lens $125 grade shell $200 grade shell HRRC001 5m @ 5.64g/t Au, 1.47% Pb and 5.51% Zn Far West Lens $125 grade shell 200mASL HRRC002: $200 grade shell 6m @ 2.94g/t Au, 0.67%Pb and 1.21% Zn Shallow Hays Lens Target Zone $
Slide 12: Hera DFS
HERA DFS ONGOING: STATUS PRE EXPANSION • DFS studies have finalised metallurgy and flow sheet • Mining by single decline access & uphole bench stoping • On-site crushing and mineral processing • Strong operating margins per tonne with modest capital expenditure • DFS scope to be expanded • Permittin
Slide 13: Hera Project Potential Extensions
HRD020: 8m @ 5.55g/t Au, 0.47% Cu, 0.47% Pb, 1.45% Zn TNY007: 3m @ 3.61g/t Au HERA PROJECT POTENTIAL EXTENSIONS 50m TNY018: 5m @ 17.1g/t Au, 44g/t Ag, • 0.78% Cu, 4%Pb, 6.1% Zn Far West Lens currently TNY037: 4.5m @ 3.4g/t Au 1.4% Pb, 2.5% Zn, 12.5g/t Ag has 493,000 tonnes in Infill TNY005W1: 4m @ 1
Slide 14: Nymagee Copper Mine – Snapshot
NYMAGEE COPPER MINE – SNAPSHOT (YTC EARNING A 90% INTEREST) • Only 4.5km from the Hera deposit • Operated between 1880 – 1917 recording production of 422,000 tonnes grading 5.8% Cu • Initial Drilling at Nymagee highlights strong exploration potential below historical mine o 8.9m at 7.2% Cu, 24 g/t A
Slide 15: Nymagee Drilling
NYMAGEE DRILLING HIGH GRADE COPPER DISCOVERED BELOW PREVIOUS OPERATION Nymagee Copper Mine Historic Production: 422,000 tonnes @ 5.8% Cu 4 Level South - Underground Sampling: 55m @ 2.7% Cu VN1A: 6.8m @ 8.3% Cu 8 Level North - Underground Sampling: NMD005 NMD006 31m @ 6% Cu 8 Level South - Undergroun
Slide 16: Exploration Potential
EXPLORATION POTENTIAL • The Hera-Nymagee corridor and Cobar Gold Field are hosted on the same geological structure, 90km along strike Long Section: Cobar Gold Field +7Moz Au Eq production Eastern CSA System Western Perseverance The Peak New Occidental Chesney New Cobar Great Cobar System 1 km 1 km 1
Slide 17: Nymagee Copper Mine – CSA Analogue
NYMAGEE COPPER MINE CSA ANALOGUE 200m ASL VN1A: 6.8m @ 8.3% Cu NMD001: 86.3m @ 0.35% Cu -200m Cu Mineralisation Pb-Zn Mineralisation NMD001: 8.9m @ 7.2% Cu, 24g/t Ag & 0.26g/t Au NMD001W1: 7.0m @ 8.3% Cu, 0m ASL 46g/t Ag & 0.32g/t Au -400m BDDH1: 2.1m @ -200m ASL 100m 4.5% Cu 100m -600m 100m “CSA „
Slide 18: Summary
SUMMARY • World class location in the Cobar Gold Province • Nymagee exploration success starts an exciting new chapter for YTC • Expanded Hera DFS (already sits at 50k oz gold equivalent pa*) • Aggressive drilling campaign approved for the coming 6 months • High grade, low risk gold-base metal devel
Slide 19: Hera Flow Sheet
HERA FLOW SHEET Simple flow sheet designed Ore 2 Stage Crush Coarse Grind P80 250um Screen to maximise gold revenue Gravity • Coarse grind (250μm) Bulk Bulk Bulk Float Concentrate Sales Concentrate • Gravity Gold circuit to gold doré Future option to Re-grind P80 - Leach • Flotation of gravity tail
Slide 20: World Class Location – Hera Nymagee Fly Thru
WORLD CLASS LOCATION HERA – NYMAGEE FLY THRU 20
Slide 21: Doradilla Project
DORADILLA PROJECT ON THE THOMSON-LACHLAN DIVIDE Large variety of mineralisation styles At least 3 ages of magmatism • Triassic Granites with skarn tin- copper-tungsten-silver • Ultramafic bodies with nickel skarns • I-type, intermediate intrusions with „porphyry-type‟ veining and alteration • Tertia
Slide 22: Doradilla Project – Tin Mineralisation
DORADILLA PROJECT TIN MINERALISATION Doradilla 5km 3KEL + Midway Midway 3KEL Inferred Resource (Oxide) laterite 7.8Mt @ 0.28% Sn untested primary Sn- silcates Sn- cassiterite untested 16km Schematic Long Section – DMK Line Cut-Off Grade Grade % Sn 3KEL % Sn Midway % Sn Total Grade 0.1% 3.2Mt 0.34% S
Slide 23: Doradilla Project – Mullagallah Anomaly
DORADILLA PROJECT MULLAGALLAH ANOMALY 2 drill holes completed. I-type calc-alkaline intrusions with porphyry style alteration, veining and mineralisation Preliminary Early Devonian age (412Ma) Tertiary aged, alkaline diatreme breccia Magnetic Susceptibility IsoSurface - Mullagallah 23
Slide 24: Baldry Project
BALDRY PROJECT HIGH GRADE GOLD TARGETS UNDER SHALLOW COVER Position of BHP Gold Baldry Project Location Open Pits (backfilled) Mt Aubrey ‘mine sequence’ basalt cover ‘cap-rock’ sequence Previous Drill Holes (BHP Gold & YTC) Historic Gold Working Epithermal quartz veining IP Resistivity targets N IP
Slide 25: Taronga Mines Sale
TARONGA MINES SALE UNLOCKING VALUE FROM THE TORRINGTON PROJECT YTC (100%) EL6392 YTC (100%) EL6690 McDonalds Zone EL6389 YTC (70%) Emerald Zone Big Plant Creek Zone EL7348 Poverty Point Taronga Mine Ltd (100%) Zone Tenement Outline EL6389 YTC (70%) Torrington Project EL6839 Au s t r a l i a Taronga
Slide 26: Taronga Mines Sale
TARONGA MINES SALE UNLOCKING VALUE FROM THE TORRINGTON PROJECT • YTC has reached agreement with Taronga Mines Limited (“TML”), to sell its New England tin assets for 11 million Taronga Shares & 5.5 million options • TML owns 100% of the Taronga Tin Deposit, the largest undeveloped tin deposit on mai
Slide 27: Competent Persons Statements
COMPETENT PERSONS STATEMENTS Competent Persons Statement – Exploration Results The information in this presentation that relates to Exploration Results is based on information compiled by Rimas Kairaitis, who is a Member of the Australasian Institute of Mining and Metallurgy. Rimas Kairaitis has suf
Slide 28: Appendix 1 – Gold Equivalent Calc
APPENDIX 1 GOLD EQUIVALENT CALC This presentation makes a number of references to metal equivalents. These metal equivalent values refer to those included with Hera Resource Estimate released to the ASX on 15th June 2010. It is the company's opinion that all the elements included in the metal equiva