Auking Mining Ltd · ASX:AKN
Auking Mining — Chinalco Yunnan Copper Resources — Investor Presentation (November 2011)
19 slides from Auking Mining's investor presentation, November 2011
Slide 1: Investor Presentation
Investor Presentation November 2011 Chile, Australia & Laos – Discovery through exploration in the best terrains
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
Company Snapshot ASX Code CYU Market Cap $30.3m Shares on Issue 173.4m Options on Issue 17.8m Total Shareholders c. 1500 Cash (30 Sept 2011) 9.8m Top 20 Holdings 53.7% Norman Zillman ex Queensland Gas, Great Artesian Oil and Gas, Queensland Non‐Executive Co‐Chairman Government – Based in Brisbane. Z
Slide 4: Major Shareholder: Chinalco
Major Shareholder: Chinalco Chinalco is the world’s 2nd largest alumina producer and 3rd largest primary aluminum producer. Chinalco’s 51% holding in YCI Chinalco 51% gives it an indirect holding in CYU, the only Chinalco branded offshore exploration company. Yunnan Copper Industry Group (YCI) YCI i
Slide 5: Investment Highlights
Investment Highlights • Exploration properties with potential for world class discoveries in the style of Ernest Henry (Qld) and Inca de Oro (Chile). • Multiple discoveries of Cu, Co, Au, heavy REE's and Y at the company's Mt Isa projects, including Elaine, recently 26m @ 7.8g/t Au. • Tier 1 partner
Slide 6: Recent Updates
Recent Updates Australia Drilling Now - Elaine Discovery, Mary Kathleen JV with Goldsearch Ltd. Elaine New Discovery - Copper Gold Cobalt REE Uranium Thorium sulphide zones. End of Q1 2012 Resource estimate expected to include nearby existing JORC Inferred 83kt @ 3,200 ppm Total Rare Earth. Mount Do
Slide 7: Geographical Presence
“Hg og % | | CHINALCO YUNNAN COPPER RESOURCES
Slide 8: Tier 1 Partners & Projects
Tier 1 Partners & Projects Australia - Queensland Goldsearch Limited – Mary Kathleen JV - Including Elaine. Chile – Andean Cordillera Rio Tinto Exploration – Palmani, Caramasa, Candelabro. Humito – Xstrata Copper Norte. Laos – Copper Silver Northern Sector Yunnan Copper Group – Laos Copper Silver Pr
Slide 9: Queensland – Projects Mt Dorothy & Elaine
Queensland – Projects Mt Dorothy & Elaine 9
Slide 10: Queensland – Elaine
Queensland – Elaine Current Strike 300m, Depth 400m and average true Width 100m of Copper Gold Cobalt REE Uranium Thorium sulphide System. 10
Slide 11: Queensland – Elaine Cu Au REE U Discovery Drill-out
Queensland – Elaine Cu Au REE U Discovery Drill-out • Review of previous uranium focused exploration in early 1980’s identified a zone not assayed for copper despite logging of copper sulphides. • A significant copper sulphide body with associated REE, Cobalt and Gold has been discovered, hundreds o
Slide 12: Queensland – Elaine Open Discovery MKED009
Queensland – Elaine Open Discovery MKED009 12
Slide 13: Chile – Projects Porphyry Copper Exploration
Chile – Projects Porphyry Copper Exploration • CYU Farming into Rio Tinto’s Candelabro, Caramasa and Palmani properties. • Humito 100% CYU owned and Internal Xstrata Properties. • Candelabro and Caramasa first to be drilled. 13
Slide 14: Chile – Candelabro
Chile– Candelabro 4,200 ha – CYU Farm In • CYU will be farming into Rio Tinto’s 100% interest with a drill rig contracted to commence in November. • 2000m over four diamond holes commencing November 20-25. • The system has had geological mapping, sampling and geophysical profiles completed to allow
Slide 15: Chile – Caramasa
Chile – Caramasa Exciting New Geophysics - Caramasa mineralised intrusion coincides with newly defined resistor 200m thick with possible conductive sulphides on flanks. Compelling target to be drilled starting with 2000m mid-January. 15
Slide 16: Chile – Palmani Road Construction Early 2012
Chile – Palmani Road Construction Early 2012 16
Slide 17: Laos – Projects
Laos – Projects Focus on short term cash flow. •Average Grades of silver 120 ppm or four ounces, average copper 1%. • Zambian Style sediment hosted Copper Silver deposits. • Corporate Target 100Mt @ 1% copper and 120g/t silver. • JORC Resource drill outs in 2011 - 2012. • Development and production
Slide 18: Laos – Drill Ready
Laos – Drill Ready Recent Trench Results from Juizhai include interpreted 43m @ 1.06%Cu and 99g/t Silver. Flat host sediments never systematically drilled and four prospects to test. 18
Slide 19: Contact Details
Contact Details Level 5, 10 Market Street, Brisbane QLD 4000 Juizhai Project - Laos Telephone: +61 7 3212 6204 Fax: +61 7 3212 6250 www.cycal.com.au Jason Beckton – [email protected]
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