Auking Mining Ltd · ASX:AKN
Auking Mining — China Yunnan Copper Australia — Mining 2009 Resource Convention
37 slides from Auking Mining's conference presentation, Oct 29, 2009
Slide 1: China Yunnan Copper Australia Ltd
China Yunnan Copper Australia Ltd Copper Gold Uranium Mining 2009 Resource Convention – Brisbane October 29th 2009 Richard Hatcher – Exploration Manager
Slide 2: Cautionary Note and Competent Persons Statement
CAUTIONARY NOTE AND COMPETENT PERSONS STATEMENT Whilst this document and presentation is based on the information from sources which are considered reliable, China Yunnan Copper Australia Limited, its directors, employees and consultants do not represent, warrant nor guarantee, by expression nor imp
Slide 3: Contents
Contents Mining 2009 Resource Convention CYU – The Company Northwest Projects – Copper Uranium Northeast Projects – Gold
Slide 4: Sino Australian Cu Au U Exploration Company – A Sound Business Concept
Sino Australian Cu Au U Exploration Company – A Sound Business Concept China will continue to mitigate domestic metal deficit through foreign deal flow. China's uranium demand is expected to grow 4-6 times by 2020, as the country increases its annual installed nuclear power capacity to 40 million ki
Slide 5: CYU – The Company
CYU – The Company Price A$0.23 ASX code CYU Shares issued 108.6M Options 18.4M Market Cap. ~A$25M Cash A$4.9M MAJOR SHAREHOLDERS China Yunnan Copper 21.7% (Australia) Development Co. Norm Zillman 7.4% Elliott Nominees Pty Ltd 6.8% Top 20 shareholders hold 69% (as at 26th Oct ’09)
Slide 6: Cornerstone Investor – Yunnan Copper
Cornerstone Investor – Yunnan Copper Yunnan’s Mines • 6 mines in production • 3 mines in development Yangla Cu Mines • Most are IOCG Style Chinese Production 08 Lala Cu Mine 379,300 t copper cathode Dayao • 340 t silver Cu Mine Dongchuan Cu Mines • 11 t gold • 12,000 employees Mouding Cu Mine • Reve
Slide 7: Strategic Relationship
Strategic Relationship Chinalco 49% Yunnan Copper Industry Group (YCI) 22% China Yunnan Copper Australia (ASX:CYU)
Slide 8: A Partnership with a Competitive Edge
A Partnership.... ....with a Competitive Edge Yunnan Provides Access to project finance Access to Chinese equipment Operational expertise CYU Provides Exploration and operational expertise Introduction to projects Robust due diligence Potential concentrate delivery
Slide 9: CYU Management
C Y U Management Proven International Discovery and Development Record Jason Beckton – MD – Kalgoorlie Kalgoorlie,, Gympie Gold, Palmarejo Mexico, Caspiche Chile. Richard Hatcher – Exploration Manager – San Anton Mexico, Palmarejo Mexico, Roseby Qld. Qld. Jim Cran –Chief Geologist – Biely Vrch Slova
Slide 10: CYU's Existing Projects
Sap Nnistalr lZ F eee Set ht ir) ' b ‘ 4 Cloncurry North Project + > x Ps i‘ vohenden Aime Peniand ah ae ae ; * 4 ta 2 . \__JMount isa Project \j~- ey ae PP” & Clermont Project ‘ kilometres Ty Town Geographic GDABS
Slide 11: Northwest Properties Greenfields to Resources
Northwest Properties Greenfields to Resources Copper Gold Uranium Target Dimensions • Ernest Henry 167 Mt @ 1% Cu, 0.54g/t Au • Mary Kathleen 9.2 Mt @ 1,200ppm U308 Target Progress – Cu Au • Gem, up to 38 metres @ 1.25% Cu, 0.2g/t Au • Resource early 2010 Target Progress – U • Malakoff • Elaine Doro
Slide 12: Cloncurry North Project
Cloncurry North Project Prospects (First pass) • FC4 – Cu Au 94m @ 0.16% Cu • Emu – Cu Au 6m @ 0.34% Cu, 0.08g/t Au • Gem – Cu Au 38m @ 1.25% Cu, 0.2g/t Au • Malakoff - U 0.3m @ 320ppm U (Historic drilling)
Slide 13: Gem Prospect
Gem Prospect • Limited surface expression of mineralisation – southern area
Slide 14: Gem Prospect
Gem Prospect Work to Date Soil & Niton Geochemical Surveys Ground Magnetic Survey RC Drilling – 2,779m in 19 holes DDH Drilling – 417m in 3 holes Ground TEM survey 1.2km x 700m area Maiden Inferred Resource expected in early 2010
Slide 15: Gem Prospect
Gem Prospect • Drill site prep work – First phase RC drilling
Slide 16: Gem Prospect
Gem Prospect Reverse Circulation Results Include •GR-003 - 38m @ 1.25% copper and 0.20g/t gold from 33m •GR-012 – 3m @ 2.36% copper and 0.40 g/t gold from 51m •GR-013 – 1m @ 2.53% copper and 0.24 g/t gold from 31m •GR-013 – 1m @1.60% copper and 9.98 g/t gold from 37m •GR-015 – 6m @ 1.10% copper and
Slide 17: Gem Prospect
Gem Prospect • Simplified geological section – 7,758,500mN
Slide 18: Gem Prospect
Gem Prospect • Simplified geological section – 7,758,870mN
Slide 19: Gem Prospect
Gem Prospect • Diamond drilling (GD (GD--006) – Gem Prospect
Slide 20: Northwest Properties
Northwest Properti - = not KING SOLOMON . ELAIN * “gDOROTHY 4, PRINCE ; . OF WALES HUGGINS LOOK OUT Fi PIND Mixed siliciclastic/carbonate rocks C_] CYU Tenement @ CYU prospect Easter Creek volcanics f t GSE Tenement Cu/Pb/Zn occurrence __] Leichhardt Voicanics HE auentzite = —— Major fault = Kalkado
Slide 21: Little Isa Prospect
Little Isa Prospect • View looking west – quartz breccia outcrop – Little Isa prospect
Slide 22: Yarraman Prospect
Yarraman Prospect • View looking southwest of main workings – Yarraman Prospect
Slide 23: Wee Wyeems Prospect
Wee Wyeems Prospect • Wee Wyeems - 26m @ 0.86% Cu from 106 metres (Historic Drilling)
Slide 24: Three Threes Prospect
Three Threes Prospect • Ironstone quartz breccia outcrop exposure at Three Threes Prospect
Slide 25: Elaine Dorothy Prospect
Elaine Dorothy Prospect • Previous explorer RC drill pad at Elaine Dorothy No.1 anomaly
Slide 26: Elaine Dorothy – Uranium Target
Elaine Dorothy – Uranium Target Twin diamond drilling to early November 2009 Mapping first pass completed by Exploration Manager. Collation in 3D of previous drilling completed.
Slide 27: Elaine Dorothy – Uranium Target
Elaine Dorothy – Uranium Target •An exploration target* for the Elaine One Anomaly is assessed at between 150,000t and 250,000t of mineralisation with grades between 340ppm and 560ppm U3O8 (using a 150ppm U3O8 cutoff grade). •will be tested by twinning previous high grade intercepts returned in 1955
Slide 28: Northeast Properties
Northeast Properties Regional Epithermal Gold Deposits Kidston • 3.3 Moz Au • >80 Mt @ 1.3g/t Au Pajingo • 3.0 Moz Au • >7 Mt @ 13.4g/t Au Mt Leyshon • 1.8 Moz Au • >48 Mt @ 1.3g/t Au CYU Team are Proven Gold Explorers
Slide 29: Pentland Project
Pentland Project • Drill Plan and IP survey lines • Prospect locations in Pentland Project
Slide 30: Toomba Prospect
Toomba Prospect • First Pass RC drilling targeting sub sub--parallel lines of old workings
Slide 31: Toomba Prospect
Toomba Prospect • View looking southwest along the line of old workings
Slide 32: Toomba Prospect
Toomba Prospect • High grade mullock from old workings
Slide 33: The Gap Prospect
The Gap Prospect • ~3.5km spot anomalous trend (100 – 250 ppb Au) – Infill underway
Slide 34: Stanley's Hope ML
Stanley’s Hope ML • As depicted 20 Rock Chip Samples averaging 2.8g/t Au
Slide 35: Stanley's Hope ML
Stanley’s Hope ML • Surface mineralisation to be tested at depth – Stanley’s Hope ML
Slide 36: Stanley's Hope ML
Stanley’s Hope ML “modified from Hedenquist et al., 1996” • Epithermal vertical metal model – Stanley’s Hope drilled too shallow
Slide 37: Xie Xie – Thank you
Xie Xie – Thank you www.cycal.com.au
China Yunnan Copper Australia — Mining 2009 Resource Convention on 6ix