China Power International Development Ltd · HKEX:2380
China Power International Development — Marengo Mining — Paydirt Media Asia Downunder Conference 2008
24 slides from China Power International Development's conference presentation, Oct 1, 2008
Slide 1: Investor Presentation Paydirt Media – Asia Downunder Conference
WORKING TO UNLOCK THE MINERAL TREASURES OF PAPUA NEW GUINEA Investor Presentation Paydirt Media – Asia Downunder Conference Perth – Western Australia 1 October 2008 “Mining in Paradise – Marengo Mining’s Yandera Project” Andrew Meloncelli– Chief Financial Officer, Marengo Mining Limited NOT FOR DISS
Slide 2: Disclaimer
Disclaimer The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness. This presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities referred to here
Slide 3: Outline of Presentation
Outline of Presentation 1. PNG Overview 2. Marengo Overview 3. The Marengo Team 4. Yandera Project Update 3
Slide 4: PNG Overview
PNG Overview Marengo Mining is fully focused on activities in The Independent State of Papua New Guinea. A stable Commonwealth country with a thriving mining and exploration industry. The Government of Sir Michael Somare was returned in July 2007 for a second five year term. 4
Slide 5: PNG – Ideally Located
PNG – Ideally Located PNG is ideally located for shipping to asian markets 5
Slide 6: Corporate Overview
Corporate Overview Listings: Australia (ASX), Canada (TSX), Papua New Guinea (POMSoX) Share Code: MGO (ASX & POMSoX), MRN (TSX) Listed Shares: 268 million Listed Options: Nil Unlisted Options: 17.5 million (A$0.20–A$0.40 exercise price) Cash: A$20 million Market Cap.: A$54 million (undilut
Slide 7: Marengo Board
Marengo Board John Horan – Chairman: Many years of mining industry experience; Former Finance Director – Homestake Gold and Director – TSX/ASX listed Golden China Resources Corporation, currently a director of Adelaide Resources Limited (ASX). Les Emery – Managing Director: Well experienced in e
Slide 8: Marengo Board – Cont.
Marengo Board – Cont. Susanne Sesselmann – Non-Executive Director: More than 20 years experience in investment banking and project financing throughout the world. A director of international private equity resource fund, The Sentient Group. Elizabeth Martin – Non-Executive Director: Comes from a
Slide 9: Marengo Management
Marengo Management Sam Akoitai – Director, Marengo Mining (PNG) Limited Former PNG Mining Minister and prior experience with Bougainville Copper. Peter Dendle – Project Manager Responsible for overall site management at Yandera including drilling operations, community relations and environmental
Slide 10: Yandera – Progress to Date
Yandera – Progress to Date April 2005 – Marengo farm-in to Yandera Project December 2005 – Marengo earns 50% interest February 2006 – Agreement to move to 100% ownership of Yandera May 2006 – Diamond drilling commences (2 diamond rigs) October 2006 – First JORC resource released Conceptual Mining St
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Slide 12: Yandera Copper-Molybdenum Project
Yandera Copper-Molybdenum Project 12
Slide 13: Yandera Copper-Molybdenum Project
Yandera Copper-Molybdenum Project Current Resources (in accordance with JORC Code) 163 million tonnes – Indicated @ 0.49% CuEq 497 million tonnes – Inferred @ 0.48% CuEq For full details refer to Marengo ASX Release, 22 May 2007 Note: CuEq = Cu + [Mo x 10] 13
Slide 14: Yandera Central Porphyry
Yandera Central Porphyry YANDERA yy CENTRAL Cu-Mo PORPHYRY SYSTEM | TUMUANOGO! } , oe 1 ai S " AMS
Slide 15: Yandera Central Porphyry
Yandera Central Porphyry 15
Slide 16: Definitive Feasibility Study
Definitive Feasibility Study Key Consultants are: GRD Minproc, Golder Assoc, Robert Bird Group, Klohn Crippen Berger, Brass Engineering & Coffey Natural Systems. Phase 1 completed April 2008 and involved a review of work to date, selection of process and infrastructure options. Phase 2 is unde
Slide 17: Yandera DFS – Phase 1 (Outcomes)
Yandera DFS – Phase 1 (Outcomes) Open-cut mining of a minimum of 450 million tonnes at a grade of 0.48% copper equivalent over an initial 10 year time frame; Ore processing at 25Mtpa for the first 2 years, increasing to a long-term rate of 50Mtpa; Near mine processing plant encompassing separa
Slide 18: Yandera DFS – Phase 1
Yandera DFS — Phase 1 OO O80 et Tm et . ro rami Be) 7 ‘ia Lie Fat ‘Sx. (\7 [Concentrate Siury Pipeline ey fl NOX — ut hg “A, AO ” guamta a eS Ss LTalings Pipeline ls s PS a wane i L L 1
Slide 19: Yandera Timeline
Yandera Timeline 2007 2008 2009 2010 2011 2012 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Definitive Feasibility Study Financing Permitting Process Construction Commissioning 19
Slide 20: Yandera Project – Resource Drilling
Yandera Project – Resource Drilling 81m @ 1.35% Cu 91m @ 1542 ppm Mo 237m @ 0.83% Cu 231m @ 671 ppm Mo 114m @ 1.05% Cu 81m @ 1037 ppm Mo 20
Slide 21: Yandera Regional Exploration
Yandera Regional Exploration Recent Rock Chip Results Queen Bee 9.89% Copper 9.75% Zinc 0.16% Lead 13.7% Molybdenum 118g/t Silver 2.55g/t Gold Recent Rock Chip Results Gogobangu/Bononi 12.1% Copper 3.76% Zinc 0.79% Lead 0.83% Molybdenum 271g/t Silver 19.1g/t Gold 21
Slide 22: Social & Environmental Responsibility
Social & Environmental Responsibility Marengo is fully committed to responsible community relations and environmental management to benefit all stakeholders. 22
Slide 23: The Future
The Future Marengo Mining is proud of the alliance that it has forged with the people of the Yandera District and this can only strengthen as we work together. 23
Slide 24: MARENGO – The way to go! Em tasol
MARENGO – The way to go! Em tasol (That’s all) 24
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