Great Southern Copper PLC · LSE:GSCU
Great Southern Copper — Shareholder Meeting (September 2022)
26 slides from Great Southern Copper's shareholder meeting presentation, Sep 27, 2022
Slide 1: Chile Focused Copper and Gold Exploration – Annual General Meeting
LSE:GSCU Chile Focused Copper and Gold Exploration Annual General Meeting September 27, 2022 1
Slide 2: Disclaimer
Disclaimer The information contained in these slides and the accompanying oral presentation (together, the "Presentation") have not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 ("FSMA"). If any person is in any doubt as to the contents of th
Slide 3: Introduction
Introduction Chile focused exploration Experienced executive management company with strong discovery record Targeting large scale Cu-Au Rights to 100% owned projects – deposits San Lorenzo and Especularita Copper and Gold – strong near LSE listed with USD 3.03m in cash and long-term market drivers
Slide 4: Copper and Gold – Strong Market Drivers
Copper and Gold – Strong Market Drivers COPPER is powering the clean energy transition • Electric vehicles (up to 4x more copper compared to internal combustion engine) • Solar panels, wind turbines, hydro and thermal energy • Electrical wiring and high-speed telecommunication devices • Infrastructu
Slide 5: Chile: Globally Significant Copper Mining Destination
Chile: Globally Significant Copper Mining Destination MINISTRO HALES (CODELCO) Leading Copper Mines • Largest producer and exporter of copper in Chile in 2020 CENTINELA* (ANTOFAGASTA MINERALS) (by 1000 metric tonnes) • Largest reserves of copper and 4th largest for gold RADIOMIRO TOMIC (CODELCO) • R
Slide 6: GSC in Chile
GSC in Chile Focussed Cu-Au exploration in premier Cu jurisdiction Targeting large scale intrusive-related Cu-Au in coastal belt • Underexplored relative to Andean belt • Significantly lower cost relative to the Andean belt • Known large mines – Andacollo Cu-Au Two early-stage, large scale Cu-Au pro
Slide 7: San Lorenzo Cu-Au Project
San Lorenzo Cu-Au Project • Comprises Mining and Exploration Licenses covering 25,680 ha • Extensive historical mine workings for high grade Cu-Au, with placer Au workings • Since listing in Dec 2021, work by GSC includes; – 2.6 km of trench sampling – 341.6 line km of ground magnetics – Approx. 1,7
Slide 8: San Lorenzo Geology
San Lorenzo Geology Current focus area • Exhibits characteristics similar to alkalic type Cu-Au systems • eg Cadia, Nth Parkes (Australia) • Characteristics include: • Intrusive-hosted sheeted vein swarms hosting Cu-Au • Clustered monzonitic porphyries • Calcic alteration core • Work by GSC (mapping
Slide 9: San Lorenzo Trenching
San Lorenzo Trenching • Trench sampling completed across 3 prospect zones • Anomalous Cu-Au-Ag assay results consistent with swarms of oxidized sheeted fracture-veins hosted in biotite granodiorite • Results define initial targets for scout drill testing Trench CET002 Central Sampling trench CWT002,
Slide 10: San Lorenzo Ground Magnetics
San Lorenzo Ground Magnetics • Ground mag survey completed over 63.36 km2 area • Magnetic lows interpreted as potential alteration consistent with prominent structures and zones of higher vein density • Several small km-scale magnetic anomalies interpreted to represent unknown intrusives at depth •
Slide 11: San Lorenzo Scout Diamond Drilling Programme
San Lorenzo Scout Diamond Drilling Programme • 2000 – 2500m scout diamond drilling program currently in progress testing four prospect areas within the ICP alteration zone • Two exploration target types; – Oxidised sheeted fracture-vein swarms – UST alteration zones hosted in monzonite intrusives •
Slide 12: San Lorenzo - Drilling Confirms Cu in sheeted vein system
San Lorenzo - Drilling Confirms Cu in sheeted vein system Oxidised sheeted vein swarm, Chinchillon prospect. Cpy-py-mag mineralisation in fracture vein, SLD005. Cpy-py-act mineralisation in dense fracture-veining, SLD005. 12
Slide 13: San Lorenzo - Drilling Confirms Cu-Mo in sheeted vein system
San Lorenzo - Drilling Confirms Cu-Mo in sheeted vein system Coarse cpy vein with Kspar halo, SLD008 Central Cpy-py-mo-Kspar mineralisation in fracture vein, Cpy-act mineralisation on fracture-vein, SLD008. prospect. SLD008. 13
Slide 14: Target Context (Scale/Grade/Depth)
Target Context (Scale/Grade/Depth) A A’ San Lorenzo exhibits key elements (NW) (SE) of a significant porphyry style deposit • Multi-phase intrusions • Clustered porphyries (scale) • Zoned alteration system • Mineralisation at surface (depth) • Large-scale structures Drill Targets Issues to address (
Slide 15: Case Study: Cadia Valley – Newcrest Mining
Case Study: Cadia Valley – Newcrest Mining Current: 9.5 Mt Cu, 50 Moz Au Past: 1.5 Mt Cu, 11.8 Moz Au Cadia Hill San Lorenzo Sheeted veining 155 Mt @ 0.73 g/t 83 Mt @ 0.35 g/t 427 Mt @ 0.43 g/t 3 Bt @ 0.38 g/t Au, 0.38% Cu Au, 0.2% Cu Au, 0.21% Cu Au, 0.26% Cu ✓ Classic stockwork ✓ Sheeted vein syst
Slide 16: Especularita – A District-scale System
Especularita – A District-scale System • Especularita sits at the centre of a district-scale mineralisation system exhibiting evidence of porphyry – epithermal – skarn style mineralisation. • The project is defined by a giant high sulphidation alteration system (litho-cap) formed at the contact of a
Slide 17: Especularita – Complete Porphyry – Epithermal System
Especularita – Complete Porphyry – Epithermal System • Regional exploration by GSC is defining a pipeline of exploration drill targets at Especularita Epithermal style quartz-carbonate veining and Disseminated high grade copper hosted in Porphyry Cu style sheeted and stockwork veining vein breccia s
Slide 18: Exploration Timeline
Exploration Timeline Feb 2021 Q4 2021 H1 2022 Q2 2022 H1 2023 GSC plc registered Phase 2-3 trenching IP / Gravity surveys Phase 1 drilling Phase 2 drilling San Lorenzo Regional exploration San Lorenzo San Lorenzo IPO 2021 2022 2023 Jul 2021 Q3 2021 H1 2022 H2 2022 H2 2023 GSC buys PTRC Ground mag su
Slide 19: Capital Structure
Capital Structure • £ 2.75m cash as at 31 March 2022 • No debt GSC Shareholders GSC Capital Structure Shares issued 212,812,465 Warrants granted1 136,555,550 Management options granted2 9,600,276 Key Personnel Options granted 2,101,956 Broker warrants granted2 1,407,300 1 Strike price of 10p and ter
Slide 20: Board and Management
Board and Management Charles Bond • Corporate finance lawyer with over 25 years of experience and has worked with mining companies for the past 15 years • Partner in the London office of international law firm Gowling WLG (UK) LLP where he leads the UK firm's Natural Resources group Chairman and Equ
Slide 21: Board and Management
Board and Management Nick Briers • Over 25 years of experience in financial markets heading up Exchange Traded Derivatives sales desks at a number of tier 1 broking Non-exec Director houses, most recently at Tullett Prebon, now TPICAP, the worlds largest Inter Dealer Broker • Formerly a Non-Executiv
Slide 22: Great Southern Copper
Great Southern Copper • Chile Largest producer and exporter of copper • Jurisdiction Globally significant mining location • Copper and gold Strong market drivers • Two projects San Lorenzo Cu-Au and Especularita Cu-Au • 100% rights Leveraged for success. No NSR • Infrastructure Well located near to
Slide 23: Appendices
Appendices Drilling at San Lorenzo project 23
Slide 24: Model for Alkali Porphyry Cu-Au Deposits
Model for Alkali Porphyry Cu-Au Deposits (Holliday and Cooke 2007) Ridgeway deposit, Cadia Valley San Lorenzo, West of Chincillon Fault 24
Slide 25: Junior Explorers in Chile
Junior Explorers in Chile Junior Copper explorers in Chile Market Cap (USD) 85.88 61.08 23.11 20.48 15.24 13.67 6.63 5.14 5.56 5.17 HCH TORQ WCU.V TSO TBX RUG GSC BMO CPO SUH *approximate market cap as at Sept’22 25
Slide 26: Contact us: [email protected]
Contact us: [email protected] Drilling at San Lorenzo project 26
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