CU-RIVER MINING AUSTRALIA

Transcription

1 CU-RIVER MINING AUSTRALIA 澳大利亚铜河矿业 Presented at the SA Exploration & Mining Conference 11 th December 2015 Mr Ashley Van Kruyssen Chief Operating Officer

2 DISCLAIMER This presentation has been prepared by Cu-River Mining Australia Pty Ltd ( Cu-River ). To the maximum extent permitted by law, Cu-River does not make any representations or warranties, either express or implied, as to the fairness, completeness or accuracy of the information contained in this presentation. Cu-River, its directors, officers, employees and advisers disclaim any liability (including any liability arising from fault or negligence) for any loss or damage arising from any use of the material contained within this presentation, including any error or omission, or otherwise in connection with it. This presentation contains certain statements which may constitute forward-looking statements. Any such statements are only predictions and therefore subject to inherent risks and uncertainties which may cause actual values, results, performance or outcomes to differ materially from those expressed, implied or projected in this presentation. Given these risks and uncertainties, undue reliance should not be placed on forward-looking statements.

3 INTRODUCTION Cu-River Mining Australia Pty Ltd ( Cu-River ) was incorporated in June Cu-River is owned by single shareholder Mr Yonggang Shan and there are three directors.

4 Managing Director Mr Yonggang Shan Mr Yonggang Shan Managing Director (SA Based) Director Mr Ashley Van Kruyssen Chief Operating Officer (SA Based) Director Mr Xiaobing Lu Company Secretary (Based in China) Director Chief Operating Officer Mr Ashley Van Kruyssen Mr Ning Liu (Leo) Mr Wei Liu (Louis) Company Secretary Mr Xiaobing Lu

5 LOCATION

6 EXPLORATION Substantial IOCG exploration opportunities within our large EL holdings in the Gawler Craton similar to Olympic Dam, Prominent Hill and Carrapateena. Although multiple drill programs have been undertaken by IMX Resources and OZ Minerals, there are many anomalies still to be tested within the area. Currently Cu-River is undertaking a review of all of its exploration tenements. Cu-River is currently seeking JV partners for further exploration of its tenements.

7 MT WOODS OVERVIEW The Mt Woods Magnetite Project is located near the town of Coober Pedy and is 100% owned by Cu-River. Mt Woods has an inferred resource of 569Mt at 27.1% Fe and exploration target of Bt at 25-32%, which supports the potential for the small and large scale development options analysed in the scoping study. What makes the Mt Woods assets unique is the fact that they are coarse grain magnetite deposits which require less grinding to liberate the magnetite.

8 CAIRN HILL ML 6303 New mining modelling is underway with the focus on copper and gold primarily with iron oxide as the host rock. Remodeling has shown significant increase in resource simply by lowering the iron cut-off grade and targeting all parts of the ore body containing significant copper and gold values. In pits 1and 2 there is approximately 3 Mt of saleable product which Cu-River will mine over the next 4 years.

9 PROCESSING PLANT Jaw Crusher Cone Crusher Dry Magnetic Separator

10 PROCESSING AND BLENDING Magnetic drums are already in Australia and Cu-River has undertaken pilot plant test work with very good results. Two dry mag drums running 300 tonne per hour at 1850 gauss. After successful pilot plant tests we engaged Adelaide based engineers to commence design and construction to Australian Standards for the magnetic frame and feeder system which will run the mag process plant. Construction will be completed next week.

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12 PROCESSING AND BLENDING The additional magnetic separation units enable Cu-River to extract lower grade iron which contains higher copper and gold. Large bodies of very low grade iron with substantially higher copper and gold will be mined, processed and blended throughout Cu- River s project. The entire focus of the project is to maximise extraction of copper and gold within the ore body, while still creating value through the iron ore.

13 ROAD TO PRODUCTION To enable it to commence operation in January 2016 Cu-River has obtained the following legislative approvals and agreements: Legislative Approvals & Agreements Resource Production (Mining) Permit Department of Defence Amend PEPR for Stage two expansion Department of State Development Renegotiation and amendment of Native Title Agreement Transfer of Water Licence Mineral Processing licence Environment Protection Authority Landowner Access and Compensation Agreement

14 ROAD TO PRODUCTION To enable it to commence operation in January 2016 Cu-River has negotiated the following commercial agreements: Commercial Agreements General Services Agreement (Soft start crushing on ROM Pad Exact Mining Services Mining Services Contract - Exact Mining Services Ore Haulage and Rail loading Agreement - Exact Mining Services Camp Lease Agreement & Catering Services Contract Rail Haulage Agreement (Above Rail) - Genesee & Wyoming Australia (GWA) 900,000 tonne p.a including Below Rail access with GWA North & ARTC Wagon Leasing Agreement (Dry) Wagon Maintenance Agreement - Genesee & Wyoming Australia (GWA) Loading and Stevedoring Agreement - Flinders Ports Container Leasing Agreement

15 SERVICE PROVIDERS Finlaysons Northern Resource Consultants Genesee & Wyoming Australia Exact Mining Services Asiaworld Shipping Service Flinders Ports

16 Cu-River Mining Australia 澳大利亚铜河矿业 Mr Ashley Van Kruyssen Chief Operating Officer E: M: