Coppermoly Limited · ASX:COY
Coppermoly — Investor Presentation (August 2012)
27 slides from Coppermoly's investor presentation, August 2012
Slide 1: Coppermoly Presentation in Port Moresby (ASX announcement)
ADDRESS PHONE PO Box 6965 +61(07) 5592 1001 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 1011 EMAIL ABN 54 126 490 855 [email protected] WEBSITE www.coppermoly.com.au ASX Announcement Date: 28th August 2012 ASX Code: COY COPPERMOLY PRESENTATION IN PORT MORESBY Queensland-based co
Slide 2: Exploring major copper-gold systems in PNG
“Exploring major copper‐gold systems in PNG” ASX:COY August 2012
Slide 3: Disclaimer
Disclaimer This document is not a disclosure document nor does it constitute the provision of financial product advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information. The information is provided expressly on the basis that recipients will ca
Slide 4: Highlights
Highlights • Nakru‐1: Maiden Inferred Resource of 38.4 Mt grading 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag containing 233,400 tonnes of copper, 11 tonnes of gold and 69 tonnes of silver. Conceptual Mining Study to be completed by September. Further drilling required to define the upper higher grade reso
Slide 5: Company Overview (ASX:COY)
Company Overview (ASX:COY) Current Shares on Issue 160 million New Guinea Gold Corp (TSX‐V:NGG) 13.2% Vangold Resources Ltd (TSX‐V:VAN) 8.8% National Nominees Ltd 5.2% Barrick 4.0% Share Price 2.5 cents Market Capitalisation $4.0 million Cash at Bank $0.5 M Top 20 Shareholders currently hold 53%
Slide 6: Board and Management
Board and Management Dal Brynelsen – Non Executive Chairman, CEO of Vangold Resources Ltd (TSX:VAN), founding Director of Griffin Mining. Over 30 years experience in the mining industry. Peter Swiridiuk – Managing Director, 22 years experience with copper and gold exploration in PNG, Solomon Islands
Slide 7: Value of Coppermoly compared to peers
Value of Coppermoly compared to peers • Coppermoly (ASX: COY) A$4m – PNG Copper porphyry • Marengo Mining (ASX: MGO) A$125m – PNG Copper porphyry • Robust Resources (ASX: RLO) A$63m – Indonesia Copper • Intrepid Mines (ASX: IAU) A$173m ‐ Indonesia Copper and Gold • Hot Chili (ASX: HCH) A$66m – Chile
Slide 8: Papua New Guinea – Highly Mineralised
Papua New Guinea – Highly Mineralised COPPERMOLY Lihir ‐ 40 Moz AuEq Frieda ‐ 1060 Mt at 0.53% Cu, Simuku 0.29g/t Au 200Mt at 0.47% Cu.Eq Porgera – 25 Moz Au Ok Tedi – Yandera ‐ 663 Mt at 0.76% 667 Mt at 0.33% Cu Panguna – Cu, (Bougainville) 0.85g/t Au Wafi ‐ Golpu 944Mt at 0.48% Cu, 0.56g/t Au COPP
Slide 9: Kimbe – Provincial capital and Base of Operations
Kimbe – Provincial capital and Base of Operations • Projects have access to deep water port at provincial capital of Kimbe • Large palm oil industry has developed local infrastructure Port at Kimbe Barrick Office
Slide 10: New Britain Island – Nakru and Simuku Projects
New Britain Island – Nakru and Simuku Projects • Vehicle access to deep water port at Kimbe • Local infrastructure • Topography not extreme (200m to 800m) • Landowners supportive • Highly Prospective Copper Belt Topography SRTM Image
Slide 11: Camp at Nakru and track preparation
Camp at Nakru and track preparation
Slide 12: Drilling at Nakru-1
Drilling at Nakru‐1
Slide 13: Core Logging in Kimbe and near camp at Nakru
Core Logging in Kimbe and near camp at Nakru
Slide 14: Nakru Copper-Gold-Zinc Systems
Nakru Copper‐Gold‐Zinc Systems • 31 drill holes (7253m) at Nakru‐1, 2 & 4 • Further drilling required to test targets and define additional tonnages of mineralisation • Nakru‐01 Inferred Resource of 38.4Mt at 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag In accordance with Clause 18 of The JORC Code the refe
Slide 15: Nakru 1 – Copper Gold System
Nakru 1 – Copper Gold System 1. Geophysics shows additional tonnage potential to be drill tested 2. 27 diamond holes for 5928m completed to date at Nakru-1
Slide 16: Nakru-1 Inferred Resource
1. Inferred Resource of 38.4Mt grading 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag (0.2% Cu cut-off) 2. Inferred Resource of 21.6Mt grading 0.81% Cu + 0.39 g/t Au + 1.81 g/t Ag (0.5% Cu cut-off)
Slide 17: Rotating 3D Model of Nakru-1 Mineralisation
Rotating 3D Model of Nakru‐1 Mineralisation
Slide 18: Nakru 2: Copper-Zinc System
Nakru 2: Copper‐Zinc System 800m Diameter System – 3 Diamond Holes for 1053m • Drilling intersected a massive sulphide copper lens with 6.8m grading 3.8% Cu at 30m depth • Barrick completed on with one deep hole by intersecting 64m at 0.59% Cu at 141m depth. At 290.1m depth intersecting 4.9m at 13.6
Slide 19: EL 2014 Makmak
EL 2014 Makmak • Recently granted tenement occurs 9km south of Nakru and covers 280km2 • Pulding prospect returned rock sample assays of 10.7% Cu + 15.5 g/t Ag, 1.18% Cu, 2.91% Cu and 0.65% Cu • Access via logging tracks to south coast of the island • Numerous targets require geochemistry and geophy
Slide 20: Simuku Project 20km from Kimbe Deep Water Port
Simuku Project 20km from Kimbe Deep Water Port
Slide 21: Simuku and Kulu porphyry copper district
Simuku and Kulu porphyry copper district
Slide 22: Simuku Porphyry Copper Prospect
Simuku Porphyry Copper Prospect Diamond Drilling of 37 holes for 10,248 metres Drilling to re‐commence in September • 200 million tonnes at 0.47% Copper Equivalent (0.3% Cu.Eq cut‐off) • Drilling intersects 0.24% copper over 1000m, including 43m at 0.54% Cu from 224m depth. Nayam Cu Prospect • Secon
Slide 23: Future PNG Plans
Future PNG Plans Current Projects New Projects: Agreement with Barrick (PNG 100% Coppermoly Exploration) with continued drilling planned. Possible divestment of their 72% • EL 2014 Makmak granted for two in Simuku and Nakru years with sampling, mapping and Simuku: geophysics required before drilling
Slide 24: Summary
Summary • Barrick to continue drilling in 2012 while looking to sell its 72% interest. • Simuku: Copper mineralisation to over 1000m depth with drilling continuing in September. • Nakru: Higher grade Copper system with drilling continuing in October. • Makmak: EL 2014 granted for two years requiring
Slide 25: Contact Details
Contact Details • Peter Swiridiuk – Managing Director • Maurice Gannon – Director of Operations and Company Secretary Ph +61 7 5592 1001 [email protected] www.coppermoly.com.au
Slide 26: Notes: Copper Equivalence
Notes: Copper Equivalence • Mineralisation at Simuku consists of copper, molybdenum, gold and silver. • Copper equivalent values for Simuku been calculated as (Cu + (7.6 x Mo) + (7818 x Au) + (101.3 x Ag)) • The copper equivalent values for intersections are quoted in addition to individual metal va
Slide 27: Notes
Notes: • All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection). • Barrick Drill core and rock samples were transported to the field camp site then to the Barrick base in the town of Kimbe. The drill core was logged, orientated and