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COPPERMOLY LIMITED Investor Presentation 2015
64690_rns_2015-06-15_d02cadfd-05d1-43ea-8e6c-9f3461bd86f1.pdf
Investor Presentation
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16 June 2015 ASX Code: COY
Australian Copper Conference Presentation
Please see below for the presentation to be given today at 12.00 pm by Coppermoly Ltd director Dr Wanfu Huang at the Australian Copper Conference. The Australian Copper Conference is being held at the Brisbane Hilton Hotel.
On behalf of the Board.
Paul Schultz Company Secretary Coppermoly Ltd Suite 1B, 91 Upton Street Bundall, Queensland 4217 Email: [email protected] Telephone: +61 7 5510 3994
About Coppermoly
Coppermoly's mineral exploration activities are focused entirely on the island of New Britain in PNG where it holds six exploration licences. These licences cover copper, gold, silver, zinc, molybdenum and iron mineralisation. The six current tenements are Nakru, Simuku, Talelumas, Makmak, Powell and Wowonga.
DELIVERING ECONOMIC COPPER ORE RESOURCES IN WESTERN NEW BRITAIN, PNG
Wanfu Huang, PhD, MAIG
[email protected] 16 June 2015
Disclaimer
Forward looking statement This document is not a prospectus or a product 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 their own independent decisions about the affairs, financial position or prospects of Coppermoly Limited which reserves the right to update, amend or supplement any information at any time in its absolute discretion. Potential investors are cautioned against using the content of this presentation, in isolation, for making investment decisions and this information should be read in conjunction with Coppermoly Limited's other periodic and continuous disclosure announcements to the ASX available at www.asx.com.au. None of Coppermoly Limited, its officers, employees or agents accept, to the extent permitted by law, responsibility for any loss, claim, damages, costs or expenses arising out of, or in connection with, the information contained in this presentation. Forward looking statements contained herein are not a guarantee of future performance and involve known and unknown risks many of which are beyond the control of Coppermoly Limited and its officers, employees, agents and associates which may cause actual results to differ materially from those expressed or implied in such statements. By attending this presentation or accepting , assessing or reviewing this document you acknowledge and agree to the above.
Competency Statement The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Mike Erceg, a Competent Person who is a Member of the Australasian Institute of Geoscientists. Mr Erceg has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Erceg consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr Erceg is employed be Exploration Manager at Coppermoly Limited.
CORPORATE MANAGEMENT
Board of Directors
Dr Wanfu Huang, 20 years in mineral exploration in Australia and overseas. Mr Kevin Grice, 30 years in mining industry in Australia Mr Jincheng Yao, 15 years in mining and energy industry.
Management Team
Mike Erceg MSc (Geology) MAIG RPGeo: Exploration Manager
Over 28 years experience in significant discovery of Cu-Au porphyry
resources in the Pacific region, particularly in Papua New Guinea.
Peter Ainge BSc (Geology): Country Manager
Director of PNG subsidiary Copper Quest (PNG) Limited. Has managed exploration of the Company's projects since 2008.
Paul Schultz BBus, CPA, AGIA: Company Secretary and Chief Finance Officer Over 20 years experience in business administration and statutory reporting. He has a professional background in commercial accounting and public practice.
SHARES STRUCTURE
| TOTAL FULLY PAID ORDINARY SHARES ISSUED ON 1 JUNE 2015 | 383,729,449 |
|---|---|
| TOP 15 SHAREHOLDER | % |
| BARRICK (PD) AUSTRALIA LIMITED | 19.076 |
| JELSH HOLDINGS PTY LTD | 14.724 |
| MR MA PIWU | 13.743 |
| JADE TRIUMPH INTERNATIONAL LTD | 7.818 |
| HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED | 3.317 |
| NATIONAL NOMINEES LIMITED | 3.061 |
| MR PETER JOHANNES POORT | 2.606 |
| MR HARDIP SINGH [GROUP] | 1.946 |
| MR BEN MICHAEL FAULKNER [GROUP] | 1.545 |
| MR CHRIS WALLIN & MS FIONA WALLIN | 1.433 |
| HOLICARL PTY LTD | 1.185 |
| MR JOSEPH TULLIO | 1.042 |
| MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED | 0.997 |
| MR DAVID LAWSON | 0.94 |
| MR HAO MA | 0.842 |
| Total of Top 15 shareholders | 71.245 |
| LISTED OPTIONS: | 3,373,008 |
| UNLISTED SECURITIES: | 108,272,261 |
Advanced Cu projects
- Road access between project areas and to infrastructure
- Easy topography (200m to 800m)
- Excellent community relations
Mt Nakru Project
- schematic geological map
Nakru 1 Section 222200mE
Skematic 3D geometry of Nakru 1 Deposit
Possible Pit Shape - Nakru 1
NAK2-003 drillhole site with visible malachite stains on outcrops (left) and Drillcore sample at 78 m depth (above)
Nakru 2 Cu-Au Deposit
Mt Nakru Cu-Au Project
Significant VMS style of Cu-Au mineralization system:
Nakru 1: Current drilling program has defined the near surface mineralization with an inferred resources of 38 Mt @ 0.61% Cu + 0.28 g/t Au; untested eastern extension of the orebody; near surface supergene enrichment blanket was intersected; simple tabular orebody; open-pitable resource.
Nakru 2: 5 holes, about 1,276 meters drilled, all of those drillholes intersected near surface mineralization; such as
- o NAK02-01: 51.7 m at 1.21% Cu from 29 m
- o NAK02-03: 63m at 1.01% Cu from 5 m
Existing surface geochemical anomaly and IP chargeability anomaly suggest that the mineralization extends to the southwest over 400 m.
Nakru 4: 1 hole, 271.9 meters drilled, intersected 2 meters of 0.32% Cu from 29 m. Nakru 9: hosts a significant EM anomaly, and a number of rock chip samples returned with high grade Cu mineralization. Warrant to be drill tested.
Collective resources (~30 MT @ > 1.0% Cu) of near surface orebodies in Mt Nakru lease may be sufficient for a quick start, low Capex open-pit mining operation at 4~5 Mtpa processing rate.
OPPERMOLY Simuku - Mt Misusu Prospects
Geology & RTP Mag with drillholes at Simuku
SIMUKU Section along Hole BWNBDD0014
Simuku Cu-Mo Deposit
- Large tonnage low grade porphyry style Cu mineralisation (Inf Res 200Mt at 0.47%Cu eq)
- Near surface higher grade secondary Cu mineralisation
- o SMD19 18m at 1.0% Cu
- o SMD10 58m at 0.53% Cu
Deliverables in near term
• Delineate a sizable secondary enriched Cu resource by a shallow RC drill programme
Proposed drill hole Simuku West
Simuku South
500
9,370,500 mN
9,370,000 ml
9,369,500 ml
167,000 r
70vns/m stockwork (VPA, VPB, VMT) in ACS altered Micro-GID porphyry outcrop
9,369,000 ml
$250m$
9,368,500 mNMalachite coating 20 m away in same outcrop above $\mathbf{\widehat{E}}$
EL1445 EL1077 Legend $\langle \hat{\bullet} \rangle$ SMD24® Mapped_Stockwork Target/Area of interest Proposed Mapping Areas in EL1445 Simuku Drilling Talelumas SMD25+
SMD19aoBVNBDD0019e
69,500
69,000
Misusu/Nakru Creek (Area mapped in this program)
Simuku - Mt Misusu Porphyry Cu-Mo System
- Huge porphyry complex proved to host several mineralization zones, including Simuku and Kulu prospects.
- 200 Mt inferred resource at 0.47% Cu eq, with significant northern and southern extensions of the deposit remaining untested at Simuku;
- Remarkable IP anomalies and surface geochemical anomalies are warranted to be tested immediately; in particular, two major zones are ready to be drilled:
- Simuku West IP anomaly;
- Mt Misusu area.
Simuku-Mt Misusu area has the potential of discovering a world class porphyry Cu-Mo deposit
Summary
- Building up a competent team with technical expertise in exploring Cu-Au mineralisation systems;
- Two advanced Cu projects, containing significant Cu resources (combined, inferred , > 2 billion pounds of copper metal in ground);
- Clearly defined drilling targets next to defined resources areas suggest great potential of multiplying current resources;
- Both advanced projects are close to existing infrastructures at Kimbe, and easy to access (Simuku: 25 km drive; Nakru: 80 km by road);
- Friendly local communities in West New Britain; Company has maintained great working relationship with locals.
- Potential to build up a quick start, low Capex, openpit mining operation at each deposit to mine the near surface higher grade Cu resources.
- Best time to invest in Coppermoly