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Global Geoscience | ASX:GSC | RIS2014 Broken Hill Investor Presentation


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Global Geoscience ASX:GSC - Investor presentation delivered at the 4th annual Resources Investment Symposium held in Broken Hill NSW Australia, 26-28 May 2014.

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Global Geoscience | ASX:GSC | RIS2014 Broken Hill Investor Presentation

  2. 2. Disclaimer ASX: GSCGlobal Geoscience Ltd2 The information contained in this Presentation or subsequently provided to the recipient whether orally or in writing by, or on behalf of the Company or any of its directors, officers, employees, agents, representatives and advisers (the Parties) is provided to the recipient on the terms and conditions set out in this notice. The information contained in this Presentation has been furnished by the Parties and other sources deemed reliable but no assurance can be given by the Parties as to the accuracy or completeness of this information. To the full extent permitted by law: (a) no representation or warranty (express or implied) is given; and (b) no responsibility or liability (including in negligence) is accepted, by the Parties as to the truth, accuracy or completeness of any statement, opinion, forecast, information or other matter (whether express or implied) contained in this Presentation or its appendices or as to any other matter concerning them. To the full extent permitted by law, no responsibility or liability (including in negligence) is accepted by the Parties: (a) for or in connection with any act or omission, directly or indirectly in reliance upon; and (b) for any cost, expense, loss or other liability, directly or indirectly, arising from, or in connection with, any omission from or defects in, or any failure to correct any information, in this Presentation or any other communication (oral or written) about or concerning them, or the issue of securities in the Company. The delivery of this Presentation does not under any circumstances imply that the affairs or prospects of the Company or any information affecting it have been fully or correctly stated in this Presentation or have not changed since the date of this Presentation or since the date at which the information is expressed to be applicable. No responsibility or liability (including in negligence) is assumed by the Parties for updating any such information or to inform the recipient of any new information of which the Parties may become aware. Notwithstanding the above, no condition, warranty or right is excluded if its exclusion would contravene the Trade Practises Act 1974 or the Corporations Act 2001 or any other applicable law or cause an exclusion to be void. The provision of this Presentation is not and should not be considered as a recommendation in relation to an investment in the Company or that an investment in the Company is a suitable investment for the recipient. Recipients proposing to invest in the Company should undertake their own analysis and obtain independent advice. Competent Person Statement The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Peter Nicholson, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy. Peter Nicholson is employed by Nicholson Geologist Pty Ltd and acts as a consultant to the company. Peter Nicholson is Technical Director of Global Geoscience Ltd and owns shares and options in the company. Peter Nicholson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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’. Peter Nicholson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. .
  3. 3. Overview ASX: GSCGlobal Geoscience Ltd3  Tokop oxide gold discovery (GSC 100%)  Large intrusion related gold system first drilled in 2013  Multiple wide zones of oxidised and leachable Au-Ag mineralisation  Less than 25% of 2.5km2 mineralised zone tested to date  Towers Mt porphyry Cu-Mo (GSC 100%)  Largely untested porphyry Cu system in central Arizona  Limited previous exploration focussing on molybdenum  Antofagasta can earn up to 70% by spending US$5M over 6 years  Exploration alliance with Antofagasta for Cu in Arizona  All projects identified using in-house targeting method  $4 in $5 spent on exploration since 2008
  4. 4. Corporate Overview Global Geoscience Ltd4 Directors Robert Reynolds Non-Exec Chairman Bernard Rowe Managing Director Peter Nicholson Executive Director Patrick Elliott Non-Exec Director ASX: GSC Capital Structure Shares 216M Options 37M Share Price $0.03 Market Cap. $6M Cash (31/03/14) $0.8M Shareholders Top 20 46% Directors 14% Osisko Mining Corp 6.6% Quality Life P/L 5.2% Peter Nicholson 4.6%
  5. 5. World Gold Producers 5 Global Geoscience Ltd ASX: GSC World Gold Producers: USA #3, Peru #6
  6. 6. World Copper Producers 6 Global Geoscience Ltd ASX: GSC World Copper Producers: Peru #2, USA #4
  7. 7. Nevada – Over 200Moz Au 7 Global Geoscience Ltd Tokop Excelsior Lone Mt Spring Valley Long Canyon Hycroft Nth Bullfrog Battle Mt Eureka Trend Carlin Trend Jerritt Canyon Twin CreeksSleeper ASX: GSC Pan Bald Mt Ruby Hill Major Gold Deposit >1Moz Au Global Project
  8. 8. Tokop 8 Global Geoscience Ltd ASX: GSC Large (2.5km2) arsenic geochemical anomaly, unexplored, 12km from Hwy 95 UTM Z11 NAD27
  9. 9. Tokop 9 Global Geoscience Ltd ASX: GSC Associated with multiphase granite intrusion that hosts Au-Ag mineralisation About 70% of intrusion concealed beneath poorly mineralised limestone/skarn Volcanic Cover Mineralisation occurs within intrusion UTM Z11 NAD27
  10. 10. Tokop 10 Global Geoscience Ltd ASX: GSC Global has drilled 20 wide-spaced holes covering about 25% of the prospective area 8m/0.33/1.7 Volcanic Cover 44m/0.41/5.8 10m/1.00/17.3 30m/0.72/10.5 36.6m/0.38/3.5 18m/1.94/8.8 35m/0.40/5.2 19.8m/0.32/5.1 18.3m/1.25/4.8 13.8m/0.94/7.3 m/Au/Ag in g/tUTM Z11 NAD27
  11. 11. Deposit Owner Type M&I Resource Mt Grade g/t Au Ann. Production ‘000 oz Operating Cost US$/oz Cortez Barrick Heap leach and mill 280 1.77 1337 222 Round Mt Kinross 50% Barrick 50% Heap leach and mill 160 0.71 (average) 0.35 (heap leach) 312 877 Hycroft Allied Nevada Heap leach 879 0.21 191 855 Marigold Silver Standard Heap leach 274 0.53 162 887 Bald Mt Barrick Heap leach 310 0.61 161 763 Ruby Hill Barrick Heap leach 166 0.70 91 767 Pan Midway Gold Heap leach 80 0.44 - 585 Nth Bullfrog Corvus Gold Heap leach 37 0.26 - 778 Fort Knox (Alaska) Kinross Heap leach and mill 261 0.48 (average) 0.28 (heap leach) 421 569 Nevada Heap Leach Mines 11 Global Geoscience Ltd ASX: GSC Heap leach gold mines in Nevada: Low-grade, low-cost
  12. 12. Arizona – Giant Cu deposits 12 Global Geoscience Ltd ASX: GSC Bagdad Towers Mt CampVerde New Morenci Ajo Mission Sierrita San Manuel Morenci Globe/Miami Ray/Resolution Tohono Major Cu Deposit >4Mt contained Cu Global Project
  13. 13. Towers Mt 13 Global Geoscience Ltd ASX: GSC Large, strong Cu-Mo stream sediment anomaly within 64Ma granodiorite UTM Z12 NAD27
  14. 14. Towers Mt 14 Global Geoscience Ltd ASX: GSC Follow-up identified a previously unmapped Qtz-Fsp porphyry as the source of the Cu-Mo UTM Z12 NAD27
  15. 15. Towers Mt 15 Global Geoscience Ltd ASX: GSC Detailed exploration has defined a large surface copper anomaly Outer Limit of Phyllic Alteration Barren Centre Annular Cu Anomaly UTM Z12 NAD27
  16. 16. Towers Mt 16 Global Geoscience Ltd ASX: GSC Previous drilling targeted Mo in barren centre, annular copper anomaly largely untested UTM Z12 NAD27
  17. 17. Towers Mt 17 Global Geoscience Ltd ASX: GSC Cross-section through a porphyry copper system
  18. 18.  Tokop Gold Project in Nevada (GSC 100%)  Recent discovery in southern Nevada  Grades similar to Nevada heap leach mines  Au and Ag are leachable, ongoing heap leach test work  Potential for higher grade in structural zones and intersections  Only 25% of the prospective area has been drilled to date  Towers Mt Porphyry Cu Project in Arizona (GSC 100%)  Porphyry copper system in central Arizona  Large annular surface copper anomaly largely untested by previous drilling  Fully funded by Antofagasta  Drill permitting in progress Summary 18 Global Geoscience Ltd ASX: GSC
  19. 19. References ASX: GSCGlobal Geoscience Ltd19 Allied Nevada Gold Corporation, 2014. 2013 4th Quarter Financials. Allied Nevada Gold Corporation, 2014. Allied Nevada Reports 2013 Financial and Operating Results. Barrick Gold Corporation, 2014. Fourth Quarter andYear-End Report 2013. Corvus Gold Corporation, 2014. North Bullfrog Project, Corvus Gold Corporation website. Kinross Gold Corporation, 2013. Kinross Gold 2013 Annual Report. Kinross Gold Corporation, 2014. Fourth Quarter & Full-Year 2013 Operations Summary. Midway Gold Corporation, 2014. Pan Project, Midway Gold Corporation website. Silver Standard Resources Inc. 2014. Marigold Mine, Silver Standard Resources website. Steininger, R.C., Giroux, G.,Wilson, S. and Pennstrom,W., 2012.Technical Report and Preliminary Economic Assessment for the North Bullfrog Project, Bullfrog Mining District, Nye County, Nevada. Report for Corvus Gold Corporation.