Auking Mining Ltd · ASX:AKN
Auking Mining — Chinalco Yunnan Copper Resources — Mining Resource Conference 2012 Brisbane
22 slides from Auking Mining's conference presentation, 2012
Slide 1: Copper Resource Discovery for the Isa and Drilling in Chile
CYU Copper Resource Discovery for the Isa and Drilling in Chile MINING RESOURCE CONFERENCE – 2012 BRISBANE CHINALCO YUNNAN COPPER RESOURCES LTD (CYU:ASX)
Slide 2: Cautionary Note & Competent Persons Statement
Cautionary Note & Competent Persons Statement CAUTIONARY NOTE Whilst this document and presentation is based on information from sources which are considered reliable, Chinalco Yunnan Copper Resources Ltd ( Chinalco Yunnan ), its employees and consultants do not represent, warrant nor guarantee, by
Slide 3: Company Snapshot – Copper Stocks Down for much longer?
Company Snapshot – Copper Stocks Down for much longer? ASX Code CYU Market Cap $17.8m Shares on Issue 173.4m Options on Issue 16.9m Total Shareholders c. 1500 Cash 0.1m* Top 20 Holdings 53.7% *Currently underwritten rights issue for $8.7million underwritten $7million to be concluded 22nd Nov
Slide 4: Exceptional Partner: Chinalco
Exceptional Partner: Chinalco Chinalco is the world’s 2nd largest alumina producer and 3rd largest primary aluminum producer. Chinalco’s 58% holding in YCI Chinalco gives it an indirect holding of 12% 58% in CYU, the only Chinalco branded offshore exploration company. Yunnan Copper Industry (YCI) 21
Slide 5: CYU Project Diversity – Partnerships to get into the best ground
CYU Project Diversity – Partnerships to get into the best ground – derisked Copper Silver - Laos: Chinalco Yunnan managed, pre discovery Copper – Chile: Major porphyry systems being drilled Copper – Queensland: Elaine discovery more to follow in Isa Belt
Slide 6: CYU Objective – Copper Resource Discoveries
CYU Objective – Copper Resource Discoveries
Slide 7: CYU Outcomes – 2012
| | 741 of Copper REE im Queensiana FE ——— iW) Exploring worlds best copper ground in Chile V1) Advanced Project drilling, Laos Partnerships with Rio Tinto, Xstrata Copper in Chile and Australia Strong support from strategic shareholders, Chinalco & Yunnan Copper ASX : CYU www.cycal.com.au
Slide 8: Elaine – 27.7Mt Copper Deposit in Uranium Belt in Queensland
Elaine – 27.7Mt Copper Deposit in “Uranium” Belt in Queensland • JORC Inferred Resource announced in Sept 2012 of 27.7Mt @ 0.53% copper and 0.08g/t gold (0.61% CuEq) at a 0.25% CuEq cut-off, with contained metal content of 147,000t copper 75,000oz gold. • Gold Uranium Skin - MKED009; 109 metres @ 0.
Slide 9: Queensland – Projects & Possibilities
Queensland – Projects & Possibilities Elaine to Mary Kathleen – 8 km of untested strike of probable skarn replacement mineralisation.
Slide 10: Elaine – Discovered by reading company reports
Elaine – Discovered by reading 1980’s company reports • Important to recognise contribution of Mary Kathleen Geologists from 1900’s to 1980’s and current Queensland Government Report Archive facility. • Copper, gold, cobalt, rare earths, thorium but very low uranium present in this project. • Discov
Slide 11: Mary Kathleen Shear – New Copper Paradigm
Mary Kathleen Shear – New Copper Paradigm Mary K Shear: 12 KMS OF UNTESTED COPPER HOST BETWEEN THE PROSPECTS.
Slide 12: Queensland – Further Resource Potential
Queensland – Further Resource Potential Mary Kathleen, looking north along Mary Kathleen Shear. Elaine, looking north along Mary Kathleen Shear. Suggestive that the 6km untested shear between Mary Kathleen and Elaine is host to multiple deposits.
Slide 13: Elaine – Copper Gold variant of Mary K
Elaine – Copper Gold variant of Mary K Elaine, looking north along Mary Kathleen Shear. Suggestive that the 6km untested shear between Mary Kathleen and Elaine is host to multiple deposits.
Slide 14: Elaine – Seeking Double Resource Tonnes
Elaine – Seeking Double Resource Tonnes Current vertical hole MKED036 at 231m in progress in strong chalcopyrite mineralisation testing theory of grade increase at depth. Hole will also be sampled for preliminary metallurgical testwork.
Slide 15: Elaine – Seeking Double Resource Tonnes
Elaine – Seeking Double Resource Tonnes MKED036 – ~188m - Elaine copper-gold resource – patchy disseminated sulphide mineralisation dominated pyrrhotite + chalcopyrite +/- pyrite MKED036 – ~240m - Elaine copper-gold resource – pervasive sulphide mineralisation , sulphide breccia - dominated pyrrhoti
Slide 16: MKED036 – ~240m Pervasive sulphide mineralisation
MKED036 – ~240m Pervasive sulphide mineralisation co-incident with resistivity low EH4 anomaly. CURRENTLY DRILLING TO AT LEAST 1000M
Slide 17: Peer Comparison – Copper Resources
Peer Comparison – Copper Resources Name Tonnes Mt Cu % Au ppm Contained Cu (t) Company Horseshoe 1 1.47 0.13 14,700 QMN Elaine 28 0.53 0.08 148,400 CYU Mt Margaret 51 0.77 0.23 392,700 EXS Rocklands 273 0.18 0.11 491,400 CDU Mt Roseby 177 0.6 0.1 1,062,000 AOH Ernest Henry 150 1.1 0.5 1,650,000 Xstr
Slide 18: Continuous Qld Activity and Results
Continuous Qld Activity and Results • MKED36 currently drilling depths of Elaine. • Resource target would be 300,000 tonnes copper prior to commencing scoping study. • Gold U rich skin over copper deposit. • JV Partners Yunnan Copper drilling Ernest Henry district.
Slide 19: Chile
Chile • Diamond drilling completed at Candelabro and Caramasa, Palmani and Humito 2013. • Corporate Exploration Target is >250Mt deposits. • Sulfatos due to be accessed and geophysics which has never been done on a project with 92m @ 0.62% Copper intercept.
Slide 20: Summary
Summary AUSTRALIA Elaine New Discovery – Confirmed Copper Gold Cobalt REE Uranium sulphide zones. Resource estimate of 27.7Mt completed with drilling continuing and assays awaited. Targeting 12km long shear zone which is a proven source of mineralisation. Cloncurry North JV with Yunnan Exploration t
Slide 21: CYU Outcomes – 2012
| 741 Of Copper REE im Queensland | iW) Exploring worlds best copper ground in Chile V1) Advanced Project drilling, Laos Partnerships with Rio Tinto, Xstrata Copper in Chile and Australia Strong support from strategic shareholders, Chinalco & Yunnan Copper ASX : CYU www.cycal.com.au
Slide 22: Contact Details – CYU:ASX
Contact Details – CYU:ASX 51 Commercial Road Mount Isa, QLD 4825 Level 6, 316 Adelaide St Brisbane QLD 4000 Level 13, Office 02 6410 Apoquindo Los Condes, Santiago Chile www.cycal.com.au
Chinalco Yunnan Copper Resources — Mining Resource Conference 2012 Brisbane on 6ix