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COPPERMOLY LIMITED — Investor Presentation 2009
Mar 24, 2009
64690_rns_2009-03-24_6a38c48c-9604-49ed-b0bb-9768a1895a72.pdf
Investor Presentation
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ADDRESS PHONE PO Box 6965 +61(07) 5592 1001 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 1011 EMAIL ABN 54 126 490 855 [email protected] WEBSITE www.coppermoly.com.au
ASX Announcement
25[th] March 2009
ASX Code: COY
COPPERMOLY PRESENTATION – MARCH 2009
Attached is a presentation by the Company’s Managing Director, Mr Peter Swiridiuk to investors.
On behalf of the board,
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Peter Swiridiuk MANAGING DIRECTOR
For further information please contact Peter Swiridiuk on (07) 5592 1001 or visit www.coppermoly.com.au.
The information in this report that relates to Exploration Results is based on information compiled by Peter Swiridiuk, who is a Member of the Australian Institute of Geoscientists. Peter Swiridiuk is a consultant to Coppermoly Ltd. Peter Swiridiuk has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Peter Swiridiuk consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Kc/ps009.09
MARCH 2009
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• Corporate Overview
• Company Highlights
- Mt Nakru Copper-Gold Projects
• Simuku Copper-Molybdenum Project
- Summary
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Coppermoly holds title to two large and well defined copper/gold/molybdenum systems (Simuku and Mt Nakru)
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Coppermoly is in an excellent geological environment
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PNG hosts large copper/gold/molybdenum ore bodies and deposits
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Over 5,000 meters of drilling and 13km of trenching completed since ASX listing
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Resource estimation underway
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Papua New Guinea
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Road access to two projects.
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Deep water port at provincial capital of Kimbe.
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Good local infrastructure and relatively easy logistics.
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Topography not extreme (200m to 800m elevation)
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Landowners work on projects
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New Britain – New Copper-Molybdenum Province
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Seven new drill holes Nakru Drill & Trench Results completed in 2008
Nineteen Drill Holes Completed
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74m at 0.78% copper
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27.7m at 1.90% copper including 6.7m at 3.80% copper
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205m at 0.4% copper
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Ten kilometers of trenching
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19m at 4.3% copper
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4m at 6.6% copper
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205m at 0.8 g/t gold
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55m at 4.79 g/t gold
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Drillhole NAK017 intersects semi-massive sulphides at 30m depth with 28.4 m grading 1.1% copper beneath a gold breccia blanket
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• Chargeability related to sulphide mineralisation • Anomaly is largely un - tested by drilling
Nakru 1 (right) and Nakru2 (left) 3D Geophysics
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NAK02-02: 26m grading 1.65% copper
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Nakru 2,
Trench
88m at 1.2% Cu, 0.33 g/t Au Massive Copper
19.9% Cu sample in trench
Sulphides near surface
Sulphide
breccia
outcrop
6.7m at 3.8% Cu
0.19 g/t Au
1.66% Zn 7m at 3.36% Cu
9.5 g/t Ag 0.19 g/t Au
37.6 ppm Mo 2.0% Zn
11.4 g/t Ag
57 ppm Mo
21m at 0.83% Cu
NAK2002
112.5m
9m at 0.53% Cu
3m at 1.41% Cu
NAK2001
299.8m
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• Large 700m diameter area of surface mineralisation
• 5m grading 3.5% copper 600m to the north - west in trench
| Nakru Exploration Schedule April 2009 Commence Development Strategy March/April 2009 Review Exploration Strategy MovingForward January/March 2009 Evaluate all results November 2008 Release AssayInformation September 2008 Geophysical surveys August-October 2008 Trenchingcompleted June-August 2008 Set-upcamps June 2008 Track access completed May2008 Heavymachinerycommissioned May2008 Landowner negotiations completed Date Task |
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Coppermoly Projects: Simuku
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Simuku Project
Mineralised System within a
15 km diameter volcanic rim
Elevation 300m Elevation 2000m
PANGUNA OK TEDI
COPPER GOLD COPPER GOLD
SYSTEM SYSTEM
944Mt at 0.48% 663Mt at 0.76%
Copper, 0.56g/t Gold Copper and 0.85g/t
and 3g/t Silver(1972) Gold (2003)
Simuku Geochemical zones
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31 drill holes in total
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Over 28kms of bulldozer trenching
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• Resource Target is 300 to 500 million tonnes grading 0.4 to 0.5% copper
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One hour drive from deep water port
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Drill Holes 31 holes Completed
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41m at 0.64% copper
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117m at 0.61% copper
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18m at 0.67% copper
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19m at 0.32% molybdenum
Trench Results – 25km
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14m at 1.03% copper and 0.26 g/t gold
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200m at 0.75% copper
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117m at 0.61% copper
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87m around a horseshoe shape at 0.12% Mo
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TALELUMAS GOLD SYSTEM
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Mt Talelumas: 5m at 5.0 g/t gold in trench
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• Daluavu River: 3.56 g/t gold in quartz vein
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KULU COPPER -G OLD SYSTEM
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Isme Creek: 0.77 g/t gold, 0.33% copper, 1.6% zinc
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• Rapilli: 6 drillholes, primary copper of 0.2%
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• Rapisme: 0.7 g/t gold, 0.1% copper in outcrop
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• Miwayuen Ck: 3.7 g/t gold, 0.6% copper
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Mindoka X Section Looking North
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Simuku Camp
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| Simuku Exploration Schedule | Simuku Exploration Schedule | Simuku Exploration Schedule | Simuku Exploration Schedule | ||
|---|---|---|---|---|---|
| Task | Date | ||||
| Staffingarranged | February2008 | ||||
| Heavy machinery and vehicles | March 2008 | ||||
| commissioned | |||||
| Track access begins | March 2008 | ||||
| Drilling/Trenchingbegins | April 2008 | ||||
| Additional drillingrigs commissioned | June 2008 | ||||
| Releasingassayinformation | July2008 – March 2009 | ||||
| Re-evaluate all information/ | February / March 2009 | ||||
| Calculate resource | |||||
| Review Exploration Strategy Moving | March / April 2009 | ||||
| Forward | |||||
| JV Potential and capital raising | April / May2009 | ||||
Peter McNeil – Non Executive Chairman , (26 years experience with 23 years in PNG). Managed exploration on projects since 1988.
Peter Swiridiuk – Managing Director, (18 years experience). Middle East, Mexico, PNG, Solomon Islands, Cyprus and Australian copper.
Bob McNeil – Non Executive Director, (46 years industry experience). Chairman of NGG, Frontier Resources and Golden Tiger Resources. Managerial exploration and mining expertise (Sinivit Gold Mine).
Dal Brynelsen – Non Executive Director , CEO of Vangold Resources, Pacific Kanon Gold and Director of Griffin Mining. Strong North America connections.
Ces Iewago – Non Executive Director in PNG. Expertise in investment banking. Director of NGG.
Maurice Gannon – Company Secretary, BSc, FCIS, AFAIM, MAusIMM, twenty years experience in business and financial management.
. Experienced On-Site Kimbe Geological Team
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| Corporate Overview 110,920,065 Fully Diluted Shares on issue $4.4M Market Cap – Fully Diluted 20,503,822 Listed Options (entitlement issue) COYO 83% Top 20 Shareholders $0.9M Cash at Bank $3.3M Market Capitalisation 4 cents Share Price 8,400,955 Unlisted Options (Director’s and Employees) 82,015,288 Shares on Issue Code: COY Listed on ASX January 2008 (Raised $8M) |
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Large copper, gold and molybdenum systems
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Over 5000m of drilling and 13km of trenching completed in 2008
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Excellent infrastructure
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Excellent Board and management team
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Looking to a resource compliant with JORC
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This document is not a disclosure document nor does it constitute the provision of financial product advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information.
The information is provided expressly on the basis that recipients will carry out their own independent inquiries into the matters contained herein and make there own independent decisions about the affairs, financial position or prospects of the Company which reserves the right to update, amend or supplement any information at any time in its absolute discretion.
Please consult Coppermoly Limited for more detailed information.
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• The information in this presentation that relates to Exploration Results is based on information compiled by Peter Swiridiuk, who is a Member of the Australian Institute of Geoscientists. Peter Swiridiuk a consultant to Coppermoly Ltd.
• Peter Swiridiuk has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Peter Swiridiuk consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
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