AuKing Mining Ltd · ASX:AKN
AuKing Mining — Chinalco Yunnan Copper Resources — Resources Rising Stars Conference (October 2013)
21 slides from AuKing Mining's conference presentation, Oct 1, 2013
Slide 1: On the Path to Production
ON THE PATH TO PRODUCTION 1 October 2013 1
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement DISCLAIMER This presentation has been prepared by Chinalco Yunnan Copper Resources Ltd (CYU) for the sole purpose of providing an overview of its current prospects and proposed exploration and development strategy to recipients. This presentation is based on i
Slide 3: CYU's Corporate Objective
CYU’s Corporate Objective To become a significant mining company with: • A large portfolio of highly prospective exploration tenures • Interests in major operating mining projects • An experienced and highly qualified team, within the next 3 years. 3
Slide 4: CYU's Largest Shareholders
CYU’s Largest Shareholders Chinalco is the world’s 2nd largest alumina producer and 3rd largest Aluminium primary aluminum producer. Corp of Chinalco’s acquired a 58% China holding in YCI in 2012. (Chinalco) Yunnan Copper Industry (YCI) Chinalco Yunnan Established in 1958, YCI is Copper Resources Ch
Slide 5: CYU's Exploration Activities in Mt Isa
CYU’s Exploration Activities in Mt Isa CYU has spent the past 4 years conducting exploration activities in the Mt Isa Inlier, achieving the following: * carried out more than 13,000m of drilling * established an inferred JORC resource at Elaine of 27mt with a contained metal content of 147,000t Cu a
Slide 6: CYU's Exploration Activities in Mt Isa (cont)
CYU’s Exploration Activities in Mt Isa (cont) • In mid-September 2013, CYU entered into farm-in agreements with Altona Mining (Roseby South) and Elementos (Millenium) • The Roseby South and Millenum tenure comprises EPMs and MLs that cover an area of > 1000sq kms • Under the terms of the farm-in agr
Slide 7: Exploration in Mt Isa
Exploration in Mt Isa A key focus of CYU’s exploration activities is across its significant holding of tenure in the Mt Isa region of north-western Queensland. Previous exploration success with: • Establishment of the 27.7mt Elaine Cu and Au JORC inferred resource • Encouraging initial results for t
Slide 8: Geology
Geology Hh cossen [LF Hobiende fetéspor granofts MMaphitotteimetadoterite ea LJ auarrcite [EF Petéspar-ciopsie calesiticate Biotte schist shear and sheared amphibolite LF eanee iopside skarn(garnette) aston garner calesilcate Structure an Fault mapped A Fault inferred - Mary Kathleen Shear Zone, a i
Slide 9: Elaine Project – Drillhole MKED036
Elaine Project – Drillhole MKED036 • The most recent drillhole at Elaine (MKED036), an 850m deep vertical diamond drillhole, was designed to test the depth extent of the main mineralised zone at Elaine as mapped by resistivity anomalies defined in the EH4 geophysics program • Assays for MKED036 retu
Slide 10: Elaine Copper-Gold Model Section EH4 - MKED036
Same TAS a Elaine Copper-Gold Model Reference Resistivity Low ffi spac ninth S) Resistivity High ee Bk th | Pf Gold intercept 220¢t sweat omy Chinalco Yunnan Copper Resources Ltd Mary Kathleen Joint Venture QLD | | Elaine Copper-Gold-Uranium Deposit Section EH4 - MKED036 10 25 January 2013
Slide 11: Blue Caesar Project – Phase 1 Program
Blue Caesar Project – Phase 1 Program • Phase 1 (3 hole) drilling program conducted in April/May 2013 • Drillholes MKBC002 and MKBC003 defined a 135m strike extent that is characterised by very near-surface disseminated, predominantly Cu sulphide mineralisation • MKBC002 established a broad zone of
Slide 12: Blue Caesar Section MKBC002
Image 1 Massive sulphides at 30 metres Im @ 17.3% MKBC002 [email protected]% Ce pyrite Prechtite chalcopyrite [email protected]% Cu 0.05g/t Au 380m Sulphides at 85 metres Im @ 0.50% Cu Reference TTY, Copeerent intercon [A riornbtendefetaspar granofets [Ea Pttsparctopside calesiicate J sezeatite iorside garnet) eale-s
Slide 13: Blue Caesar Project – Phase 2 Program
Blue Caesar Project – Phase 2 Program • Phase 2 (5 drillhole) program commenced at Blue Caesar in July 2013 • Drillhole MKBC004 tested the down-dip extension of mineralisation from MKBC002 and MKBC005 tested the northerly strike extension of known mineralisation • MKBC004 featured mineralisation of
Slide 14: Roseby South/ Millenium – Immediate Targets
Roseby South/ Millenium – Immediate Targets CYU’s preliminary review of the data has identified: • Three Priority 1 targets at Federal, Companion and Lost Treasure • Four secondary targets and numerous tertiary targets The Federal Prospect (which includes the Millenium mining leases) has drive-up dr
Slide 15: Mount Isa Project Roseby South JV Target Rank
|--20-40 | 20°50 Ing Valley. MOUNT ISA PROJECT ROSEBY SOUTH JV TARGET RANK 15
Slide 16: Chile: CYU in the Porphyry Copper Belt
Chile: CYU in the Porphyry Copper Belt • Palmani project is a farm-in with Rio Tinto • Sulfato project is a farm-in with Chile’s Codelco – in the region near the Collahuasi copper mine • Humito is 100% owned by a CYU subsidiary. Includes an area under farm-in with Xstrata Chile. 16
Slide 17: Chile – Exploration Program at Sulfato
Chile – Exploration Program at Sulfato 2013 – 2D IP inversion model – Chargeability VIP chargeability – Northwest view 17 untested potential deep seated porphyry zone – previous (1997) drilling 92m @ 0.65% copper
Slide 18: San Mu Mining JV
San Mu Mining JV • Yunnan Copper San Mu Mining Industry Co. Ltd (“San Mu”) is a Chinese-registered corporation • San Mu’s Articles establish a corporate purpose of exploring and developing minerals in China and neighboring countries • CYU holds 51% of the shares in San Mu. 49% held by Yunnan Copper
Slide 19: CYU's Board of Directors
CYU’S Board of Directors Mr Zhihua Yao (Chairman) – mining engineer with 30 years experience in mining and exploration in China. Deputy General manager of Chinalco Yunnan Copper Industry (Group) Co Ltd since 2010 Mr Paul Williams (Managing Director) – commercial lawyer with almost 30 years experienc
Slide 20: CYU Corporate Summary
CYU Corporate Summary ASX (Australia) Code – CYU (As at 27 September 2013): Shares on issue – 247.99m Market capitalisation – A$13.1m Average daily volume – 97,600 shares Debt – Nil Cash – A$1.5m Substantial shareholder – Yunnan Copper Industry (Group) Co., Ltd (43%) 20
Slide 21: Contact Details
Contact Details Level 8, 320 Adelaide St Brisbane QLD 4000 Australia Telephone: +61 7 3211 9013 Fax: +61 7 3010 9001 www.cycal.com.au Paul Williams: [email protected] 21
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