China Power International Development Ltd · HKEX:2380
China Power International Development — Marengo Mining — Investor Presentation (February 2011)
23 slides from China Power International Development's investor presentation, Feb 28, 2011
Slide 1: Investor Presentation
Investor Presentation 28 February 2011 Les Emery – Managing Director and 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. A preliminary prospectus containing important information relating to the ordinary shares of Marengo has been filed with securities commissions or s
Slide 3: A global copper company in the making...
A global copper company in the making... One of the largest undeveloped copper resources in the Asia-Pacific Definitive Feasibility Study underway World-scale resource base containing 6.5 billion pounds of copper, 204 million pounds of molybdenum plus gold, silver and rhenium Production to commence
Slide 4: Yandera – the cornerstone project
Yandera – the cornerstone project “Our vision is to build a diversified international copper producer...” 4
Slide 5: PNG – a strong mining destination
PNG – a strong mining destination Commonwealth country with a thriving mining & exploration industry Centrally located for shipping to Asian markets Stable Government under Sir Michael Somare Major companies include Barrick Gold, Xstrata, China Metallurgical Group, Lihir Gold, Newcrest Mining, Harmo
Slide 6: Yandera – regional setting
Yandera – regional setting (1) Highlands Pacific Limited News Release, 9 June 2009, (2) Highlands Pacific Limited News Release, 12 December 2007 Located 95km south-west of the provincial capital and northern seaport of Madang 100%-owned Exploration Licences covering 1,900km² Project covers +100 km o
Slide 7: Yandera Central Porphyry
ee Yandera Central Porphyry as) IMBRUMINDA ) ws Ye we, Yondera Central Porphyry, | Pit Outline )
Slide 8: Yandera Central Porphyry
ay i omim— x Lami aA “ CT Extent of known ~~ — mineralisation T T 282000mE 294000mE ~ YANDERA jos CENTRAL Cu-Mo PORPHYRY SYSTEM =| TUMUANOGOI | } D323, y0294 © Marengo deep driling programme YY Surface Cu mineralisation (2008) [HG indicated Resource [1 infered Resource TE} bow grade core [1 Extent o
Slide 9: Yandera Central Porphyry
Yandera Central Porphyry 113,000m of drilling (345 diamond drill holes) completed to date Holes drilled after June 2008 not included in the current resource estimate Five drilling rigs currently active Depth extensions of major mineralised systems confirmed 9
Slide 10: Yandera Central Porphyry
Yandera Central Porphyry 2010 drilling focused on Dimbi, Imbruminda and Gamagu zones with results including: 461m @ 0.43% Cu Eq (0.36% Cu, 69ppm Mo) 395m @ 0.53% Cu Eq (0.46% Cu, 73ppm Mo) 108m @ 0.63% Cu Eq (0.51% Cu, 118ppm Mo) 195m @ 0.58% Cu Eq (0.49% Cu, 90ppm Mo) 387m @ 0.58% Cu Eq (0.40% Cu,
Slide 11: Yandera – a world-class resource
Yandera – a world-class resource YANDERA PROJECT RESOURCE ESTIMATE (as at 28 February 2011) Table 1. Copper-Molybdenum Grades Contained Metals Category Tonnes CuEq. (%) Copper Moly Copper (M lbs) Moly (M) (%) (ppm) (M lbs) Measured 113 0.57 0.40 181 1,007 45 Indicated 245 0.50 0.34 124 1,903 68 Infe
Slide 12: Yandera – exploration upside
Yandera – exploration upside Deposit remains open along strike and at depth Step-out drilling to target additional root targets 12
Slide 13: Yandera – exploration upside
Yandera – exploration upside Extensive airborne geophysical survey completed at 100m line spacing Data currently being assessed to generate new targets Ongoing deep drilling campaign with potential to increase resource size: Maybe opportunity to simultaneously develop a decline from the valley floor
Slide 14: Yandera Central Porphyry – DFS
Yandera Central Porphyry – DFS 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), increasing to 50Mtpa Crush and grind near mine with ore slurry line to coasta
Slide 15: Yandera Central Porphyry – DFS
Yandera Central Porphyry – DFS 15
Slide 16: MOU with China Nonferrous
MOU with China Nonferrous Landmark non-binding MOU signed with China Nonferrous (NFC) on 18 October 2010 encompassing: Appointment of NFC as principal contractor under a lump-sum turnkey contract covering the total construction cost of the Yandera Project NFC to facilitate financing of at least 70%
Slide 17: A Quality Partner – China Nonferrous
A Quality Partner – China Nonferrous Established in 1983 to undertake contracting and non-ferrous resource exploitation in the global market Listed on the Shenzen Stock Exchange – market capitalisation of ~US$3.2 billion Has previously undertaken base metal/copper projects in Iran, Zambia, Myanmar,
Slide 18: Community Relationships and Environment
Community Relationships and 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 establishment of local medical facility with trained staff Strong commitment to p
Slide 19: Corporate
Corporate Global listings: ASX (MGO), TSX (MRN), POMSoX (MGO) Issued shares: 994M (18 February 2011) Market capitalisation: ~A$350M Cash: A$71M (31 Decmber 2010) Major shareholders: 19
Slide 20: Marengo Board
Marengo Board John Horan – Chairman: Many years of mining industry experience; Former Finance Director – Homestake Gold and former director – TSX/ASX listed Golden China Resources Corporation, currently a director of Adelaide Resources Limited (ASX). Les Emery – Managing Director: Well experienced i
Slide 21: Marengo – Senior Management
Marengo – Senior Management Sam Akoitai – Director, Marengo Mining (PNG) Limited: Former PNG Mining Minister and prior experience with Bougainville Copper Grant Calderwood – Operations Manager: Responsible for the completion of the DFS and subsequent development. Well experienced in study and implem
Slide 22: Marengo – Summary
Marengo – Summary Value underpinned by world-scale resource base at Yandera Excellent progress with DFS – positive interim outcomes Drilling continuing to upgrade and expand resources MOU in place with leading Chinese construction group Strong investor base – key global and strategic investors Strat
Slide 23: www.marengomining.com
G) MARENGO BUILDING A GLOBAL COPPER COMPANY www.marengomining.com
Marengo Mining — Investor Presentation (February 2011) on 6ix