White Cliff Minerals Limited · ASX:WCN
White Cliff Minerals — Corporate Update (October 2016)
28 slides from White Cliff Minerals's corporate update, October 2016
Slide 1: Investor Update: September Quarter
Investor Update: September Quarter High grade gold mineralisation on two continents October 2016
Slide 2: Disclaimer
Disclaimer Forward Looking Statements • This presentation has been prepared by White Cliff Minerals Limited (“White Cliff”). It contains forecasts and forward looking statements which are no guarantee of future performance and which involve certain risks. Actual results and future outcomes will in a
Slide 3: Quarterly Highlights
Quarterly Highlights Aucu Gold Deposit: Central Asia Merolia Gold: Western Australia • New drilling results: • New geochemical results: – 4 metres at 12 g/t gold including: – Multiple new gold anomalies at 1 metre at 41.3 g/t gold Ironstone, Comet Well, Burtville – 3 metres at 14 g/t gold including:
Slide 4: Visible Gold on Two Continents
Visible Gold on Two Continents Aucu Gold Merolia Gold ASX:WCNPAGE 4
Slide 5: Corporate Snapshot
Corporate Snapshot Capital Structure White Cliff Daily Share Price (Previous 12 months) Shares on issue 1527M Options on issue (3c ex price expiring 11 March 2017) 102 M Options on issue (2c ex price expiring 31 Dec 2017) 203 M Options on Issue (1.5c ex price expiring 15 Dec 2016) 110 M Options on I
Slide 6: Aucu Gold Deposit: Central Asia
Aucu Gold Deposit: Central Asia • JORC Inferred Gold Resource • Multiple mineralised systems – 1.2 Mt at 4.2 g/t gold – Open along strike (+3 kilometres) – 156,000 ounces – Open at depth > 100m to +1000m – Rapid resource growth in 2016 • Excellent gold recoveries – 99% overall recovery – 88.6% gravi
Slide 7: Aucu Gold: Multiple Mineralised Systems
Aucu Gold: Multiple Mineralised Systems Drill hole UGZ15-32a Drill hole UGZ15-33 • 3m at 41.3 g/t gold • 4m at 60 g/t gold • 1m at 58 g/t JORC Inferred • 6m at 3.2 g/t • 1m at 103 g/t Gold Resource2 • 2m at 43.5 g/t Drill hole UGZ15-35 156,000 Oz • 8m at 55 g/t gold 1.2 Mt at 4.2 g/t Outcropping Qua
Slide 8: 2016 Drilling: Upper (Eastern) Gold Zones
2016 Drilling: Upper (Eastern) Gold Zones • Mineralised zones reinterpreted Sandstone Zone – 2 new zones trending 320 degrees • Zone 1 ‐Quartz zone – Visible gold in outcrop at surface Quartz Zone – Visible gold in drill holes – +500 metres long to date Untested • Zone 2 –Sandstone zone Quartz Zones
Slide 9: Quartz Zone: Native Gold at Surface
Quartz Zone: Native Gold at Surface • Zone 1 ‐Quartz Zone – Visible gold in outcrop at surface – Visible gold in drill holes – +500 metres long to date • New drill assays: – 4 metres at 12 g/t gold includes: – 1 metre at 41.3 g/t gold – 9 metres at 8.3 g/t gold includes: – 1 metre at 21.6 g/t gold a
Slide 10: Quartz Zone: New Assay Results
Quartz Zone: New Assay Results ASX:WCNPAGE 10
Slide 11: Cross Section ERC16-31 to ERC16-33
Cross Section ERC16‐31 to ERC16‐33 ASX:WCNPAGE 11
Slide 12: Aucu News Flow
Aucu News Flow Drill hole ID Holes Metres Status Outcrop Expression ERC16‐31 to ERC16‐33 3 300 Results reported Visible gold in quartz ERC16‐28 to ERC16‐30 3 300 Awaiting results Visible gold in quartz ERC16‐34 to ERC16‐36 3 300 Awaiting results Visible gold in quartz ERC16‐37 to ERC16‐40 4 370 In l
Slide 13: Aucu Exploration Activity Schedule
Aucu Exploration Activity Schedule Mar Apr May June Q3 Q4 Q1 Q2 Activity 2016 2016 2016 2016 2016 2016 2017 2017 Approvals Roads and Tracks Trenches Drilling Metallurgy Resource Estimate Mining Application This plan represents the Company’s current view of planned exploration and is therefore subjec
Slide 14: Merolia Gold Project: Western Australia
Merolia Gold Project: Western Australia • Key Gold Prospects: – Ironstone (4m@ 5 g/t gold in drilling) – Comet Well (2.6 g/t in soils) – Burtville East (42 g/t in soils) – Drill ready targets (low cost) • Large 750 km2 landholding • Extensive Infrastructure • World class gold mining region: Merolia
Slide 15: Ironstone Gold Prospect
Ironstone Gold Prospect • Mineralised quartz veins – Drilling includes: – 4 metres at 5 g/t gold – 0.3 metres at 25 g/t gold • New Bullseye gold anomaly – 190 metres west of drilling – Max soil assay 340ppb gold – 240 x 180 metre target • Air‐core drilling ‐2000 metres – Late 2016 to Early 2017 ASX:
Slide 16: Comet Well Gold Prospect
Comet Well Gold Prospect • Extensive soil anomaly – 20 to 2600 ppb gold – 2.7 kilometres long – Visible gold in quartz veins • Air‐core drilling ~4000 metres – Late 2016 to Early 2017 Gold nuggets recovered from Comet Well ASX:WCNPAGE 16
Slide 17: Burtville East Gold Prospect
Burtville East Gold Prospect • Bullseye gold anomaly – Max soil assay 42.1 g/t gold – at surface – Target 250 x 185 metres – + 25 ppb gold • Mineralised quartz reef – Historical workings – Visible gold • Air‐core drilling ~800 metres – Late 2016 and 2017 ASX:WCNPAGE 17
Slide 18: Merolia Exploration Activity Schedule
Merolia Exploration Activity Schedule Activity Oct Nov Dec Jan Feb Mar Q2 Q3 Prospect 2016 2016 2016 2017 2017 2017 2017 2017 Ironstone Soil Geochemistry Drilling ‐2000m Burtville East Drilling ‐800m Central Soil Geochemistry Comet Well Drilling‐4000m Soil Geochemistry This plan represents the Compa
Slide 19: Summary of Quarterly Results
Summary of Quarterly Results Aucu Gold Deposit: Central Asia Merolia Gold: Western Australia • New gold zone discovered • Multiple new gold anomalies – Quartz reef ‐ Visible gold – Peak soil assay 42.1 g/t gold – +500 metres long – Quartz reef at surface +visible gold – Multiple +20 g/t gold results
Slide 20: Important Information
Important Information Competent Person Statement • The information in this report that relates to Exploration Targets is based on information compiled by Mr Todd Hibberd, B.Sc Hons (Geol), MSc (mineral economics), Dip Bus, Member AusIMM, Member AICD and an employee of White Cliff Minerals Limited. M
Slide 21: Contacts
Contacts Todd Hibberd Managing Director T: +61 (8) 9321 2233 Mike Langoulant Chairman T: +61 (8) 9321 2233 White Cliff Minerals Limited T: +61 (8) 9321 2233 A: Suite 2, Level 1, 47 Havelock Street, West Perth WA 6005 | P: PO Box 368, West Perth WA 6872 E: [email protected] | W: www.wcminerals.c
Slide 22: Appendix: Aucu Gold Deposit Background
Appendix 1 Aucu Gold Deposit Background
Slide 23: Kyrgyz Republic - A great place to do business
Kyrgyz Republic‐ A great place to do business • Democratic republic bordering Kazakhstan and China • Strong government support for new mining projects – Prime Minister opening mines – Improved mining law – Secure licence tenure – Strong rule of law • Sharp lift in mining activity‐3 new mines opened
Slide 24: Aucu Gold: Infrastructure and Mining
Aucu Gold: Infrastructure and Mining • Good infrastructure – Excellent access roads – Within 200 km of rail – Low cost labour – Grid power (US$0.02‐0.04/kwh) • Close to regional mining hubs – Taraz (175km), Namagan (200km) – Aucu 30km from Ishtamberdy and; – 60km from Bozymchak • New mines in produc
Slide 25: Aucu Gold: Tenure and Physiography
Aucu Gold: Tenure and Physiography Project Tenure: • 57.25 km2 permit • Valid to Dec 2020 Aucu Gold System • Multiple lodes • Convertible to mining • See next slide permit (25 years) Physiography: • Uninhabited valley • Elevated access road • 25km to local village • Local water ( for Mill) • Buildin
Slide 26: Aucu Gold System - Multiple Zones
Aucu Gold System ‐ Multiple Zones Upper Gold Zone Sandstone Lower Gold Zone Zone Quartz Zone Camp Gold Zone East Gold Zone ASX:WCNPAGE 26
Slide 27: Aucu Gold Mineralisation Model
Aucu Gold Mineralisation Model ASX:WCNPAGE 27
Slide 28: Aucu Gold: Metallurgy
Aucu Gold: Metallurgy • Excellent Gold Recovery • Hosted in Sandstone – 99% overall recovery – Moderate hardness – 88.6% gravity gold recovery – Ease of liberation – From 182 samples representing all – Ease of blasting mineralised drill intersections – Ease of mining – Ease of crushing • Indications
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