Lcl Resources Limited · ASX:LCL
Lcl Resources — Metminco — Investor Presentation (November 2009)
24 slides from Lcl Resources's investor presentation, November 2009
Slide 1: Investor Presentation
INVESTOR PRESENTATION November 2009 1
Slide 2: Disclaimer
Disclaimer Metminco Limited (the Company) has prepared this presentation based on information available to it. Each recipient of this presentation is deemed to have agreed to accept the qualifications, limitations and disclaimers set out below. To the maximum extent permitted by law, none of Metminc
Slide 3: Why own MNC?
Why own MNC? • MNC gaining control of Hampton Mining (“Hampton”) • Mid 2009: MNC purchased 36.5% Hampton for shares • Oct. 2009: irrevocable option to purchase up to another 31.9% (increasing stake to 68.4%): half shares (up to 132.8m shares) and half cash (up to US$12.0m) • Main value driver: Los C
Slide 4: Hampton Mining projects regional map
CERRO VERDE C EO; \ c _ oimin vik i onesie ” pee ° en 4 re ones project. TOQUEPALA'G EO} 1] Ps oe Mo}mine~ ISIDRO (Cu,Au) CAMARON (Au) VALLECILLO (Au, Zn) MOLLAGCAS (Cu) LOICA (Cu,Mo) METMINCOB Arequipa Sas Se Cerro Verde 1621mt-@ 0.54% Cu 0.02% Mo LOS CALATOS Moquegua a Se lot Me DEPOSIT AGE (my) Q
Slide 5: Capital structure Market capitalisation
Market Capital structure capitalisation Price Category Number (A cents) A$ million Total ordinary shares 373,607,404 20 75 Dec. 2012 Options (exerciseable at 25 A cents - Dec 2012) 26,230,017 6 2 Fully diluted shares 399,837,421 77 5
Slide 6: Action: major focus on Los Calatos
Action: major focus on Los Calatos Corporate: gain control of Hampton Mining • MNC now owns 36.5%, with irrevocable option to purchase up to another 31.9% • Increase MNC working capital, to help advance Los Calatos Work programs – Los Calatos Cu-Mo: further drilling, surface mapping & sampling, met
Slide 7: Background: MNC's investment in Hampton
Background: MNC’s investment in Hampton Metminco: listed ASX late 2007 • Australian exploration portfolio, to be divested • Purchased 36.5% Hampton in mid 2009 • Cash ~ A$2 million Hampton Mining: aggressive exploration in Chile & Peru • Current ownership: Metminco 36.5%, Junior Investment Company (
Slide 8: Chile & Peru: strong operating jurisdictions
Chile & Peru: strong operating jurisdictions Chile and Peru: attractive for mineral exploration and development • Sit on Pacific “Rim of Fire”: outstanding economic geology, especially Cu plus Mo & Au • Strong growth in mined copper (Cu) production • Attractive jurisdictions: politically stable, wel
Slide 9: Los Calatos Cu-Mo porphyry: Cu-Mo discovery
Los Calatos Cu-Mo porphyry: Cu-Mo discovery Highlights: • Total resources 262mt at 0.43% Cu and 415 ppm Mo (cutoff 0.2% Cu), 0.74% CuEq, contains 1.93 mt CuEq (copper equivalence assumes ratio Mo/Cu prices of 7.5) • Drilled mineralisation sits in NW-SE alteration zone > 10km long • Exploration at ea
Slide 10: Los Calatos Cu-Mo porphyry
Los Calatos Cu-Mo porphyry Background: Hampton Option to purchase 100% (of 28 sq.km , other tens.100%) • Total leases (tenements) 177 sq km, incl. 44 sq.km recent applications • Barrick has buy back right (buy back 51%, if >1mt of Cu contained in reserves from initial Scoping Study) Resources • JORC
Slide 11: Los Calatos Cu-Mo porphyry: favourable location
Los Calatos Cu-Mo porphyry: favourable location 11
Slide 12: Los Calatos Cu-Mo porphyry: expanded tenements
Los Calatos Cu-Mo porphyry: expanded tenements 12
Slide 13: Los Calatos Cu-Mo porphyry: section through drilling
Los Calatos Cu-Mo porphyry: section through drilling North South North-south section (looking east) 286,500 E Anhydrite boundary (blue) Possible corridor of mineralisation (boundary of quartz sericite alteration) Potassic (K) alteration Scale = 200m
Slide 14: Mollacas Cu porphyry: Cu leach-SX-EW project in pre-feasibility
Mollacas Cu porphyry: Cu leach-SX-EW project in pre-feasibility Background: Hampton Mining owns 50% • Tenements 30 sq.km • Classic Cu-Au porphyry with enriched (supergene) Cu zone near surface • Underlying porphyry Cu-Au primary mineralisation Location: well located • Well located for development, g
Slide 15: Mollacas Cu leach SXEW project: Surface geology & drilling
Surface geology & drilling Mollacas Cu leach SXEW project: weathered Cu-Au porphyry View to SE across Mollacas deposit, towards main east – west valley. Leach heaps planned for foreground smaller north-south valley Scale = 200m Mollacas deposit 15
Slide 16: Vallecillo breccia / porphyry: possible Au-Zn producer
Vallecillo breccia / porphyry: possible Au-Zn producer Background: Hampton Mining owns 50% • Tenements 54 sq.km • Porphyry related breccia and veins Location: well located • Good access, near infrastructure, power, water La Colorada deposit: Au-Zn sulphide mineralization (> 700koz AuEq) • Classic ba
Slide 17: Vallecillo Au-Zn project
Vallecillo Au-Zn project La Colorada: Surface geology Scale = 200m View to SW across drilled La Colorada deposit Mineralisation shell (Au > 0.2 g/t), and drillholes, looking SW 17
Slide 18: Camaron Au project: large untested low sulphidation epithermal Au system
Camaron Au project: large untested low sulphidation epithermal Au system Background: Hampton Mining owns 100%, and Option 100% (Genesis areas) • Over 150 sq.km in tenements • Well located: moderate elevation and easy access Geology: large anomalous untested low sulphidation Au system • Large hydroth
Slide 19: Camaron Au project: large anomalous Au alteration system
Camaron Au project: large anomalous Au alteration system Area of hydrothermal alteration Satellite Image (NW- SE, approx. elliptical, 10 km x 6 km) View north, showing alteration at Camaron 19
Slide 20: Isidro Cu-Au project: large untested Cu-Au mantos
Isidro Cu-Au project: large untested Cu-Au mantos Background: Hampton own / option • Hampton Mining 100%, 50% (San Lorenzo), & Option 100% (Santa Berta) • Over 250 sq km of tenements • Located immediately north of Camaron tenements • Well located for development Geology: large anomalous Cu-Au mantos
Slide 21: Loica Cu-Mo porphyry: large lower grade Cu-Mo system
Loica Cu-Mo porphyry: large lower grade Cu-Mo system • Hampton Mining owns 50% Loica • Cu – Mo porphyry system, approximately 4 km long, north-south • Tenements 40 sq.km • Loica with initial Hampton deal in January 2006 • 2007, HMP drilled upper part of Loica system, intersected long widths of lower
Slide 22: Corporate directory - contacts
Corporate directory - contacts Metminco Limited Hampton Mining Limited SYDNEY OFFICE SANTIAGO, CHILE OFFICE 119 Willoughby Rd, 4001 Av. Apoquindo, Las Condes Crows Nest, NSW 2065, Australia Santiago, Chile Ph: +61 (2) 9956 3845 Ph: +56 (2) 411 2600 Fax: +61 (2) 9439 2157 Fax: +56 (2) 411 2610 Contac
Slide 23: Appendix
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Slide 24: Summary - Hampton Mining projects
Summary - Hampton Mining projects Project Interest Geology Resources - current Comment Feasibility study Mollacas 50%, tenements 30 Weathered Cu-Au JORC Inferred: 17.0mt @ 0.54% Cu (leach). Scoping Study (2006) for (Cu) sq.km; CHILE porphyry Containing 92,000 tonnes Cu 13,500tpa leach SXEW, opex US$