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INVESTOR PRESENTATION
Mines and Money Conference
Hong Kong, March 2011
Disclaimer
This presentation has been prepared by General Mining Corporation Limited (“General Mining” or “GMM” or the “Company”). It is
provided for informational purposes only and no action should be taken on the basis of, or in reliance on, this presentation. No
responsibility or liability is accepted by General Mining or any of the Company’s officers, employees, agents or associates, nor
any other person, for any action taken by you or any of your officers, employees, agents or associates on the basis of the
information contained in this presentation.
The information in this document does not take into account your investment objectives, financial situation or particular needs.
You should make your own independent evaluation of this presentation, its contents and any potential investment in General
Mining. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order
to make an informed assessment of its subject matter, of the Company or of its prospects.
This presentation is not an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of
any security, and neither this document nor anything in it shall form the basis of any contract or commitment. This presentation
does not constitute a representation that an offering of securities will occur either at all or in the manner indicated in this document
nor does it constitute investment, legal, tax or other advice. Prospective investors are urged to carefully read the Company’s the
2010 Annual Report lodged with ASX on 18 October 2010 in its entirety as well as the Company’s quarterly reports and if
necessary obtain independent advice prior to making a decision on whether to invest in GMM. An investment in GMM involves
risks and potential investors should carefully consider those risks.
No representation, warranty or guarantee, express or implied, is made and no liability will be accepted by General Mining and the
Company’s directors, employees or agents, nor any other person as to the fairness, accuracy, completeness, reliability or
correctness of the information, opinions, conclusions, statements, estimates, calculations, projections and forecasts contained in
this presentation. To the extent that this presentation contains forecasts and forward looking information, such forecasts,
projections and information are not a guarantee of future performance and may involve unknown risks and uncertainties. Actual
results and developments may differ from those expressed or implied.
To the maximum extent permitted by law, none of the Company’s directors, employees or agents, nor any other person accepts
any liability, including without limitation any liability arising from fault or negligence on the part of any of them or any other person,
for any loss, (including without limitation consequential loss, direct, indirect or consequential loss or damage or loss or damage
arising by negligence) arising from the use of or reliance on this presentation or its contents or otherwise arising in connection with
it. The recipient agrees, to the fullest extent permitted by the law, that they shall not seek to sue or to hold General Mining, the
Company’s directors, employees, agents, consultants and advisers liable in any respect by reason of provision of this
presentation.
2
3
General Mining Corporation Ltd
ABN: 95 125 721 075
• Established in 2007
• Listed in Dec 2009 - ASX Code: GMM
• 47.9M quoted f.p. shares (total 63M)
• Directors ~14%
• 12.7M options (unquoted)
• Cash - $3.6M
General Mining Corporation Ltd – GMM
Experienced and Successful Board:
• Non-executive Chairman - Michael Wright
Finance background – 27 years experience in resources industry, including former Exec Director of
Herald Resources, ($500m mkt cap.)
• Managing Director - Dr Boris Matveev
Professional geologist - 29 years experience in mining and exploration, including executive positions
with ASX & AIM listed companies
• Non-executive Director - Craig Readhead
Over 30 years experience in resources law, with a number of past and current board positions in the
sector
• Non-executive Director - Robert Wanless
Professional prospector with over 30 years experience. Responsible for collating GMM’s tenement
portfolio
4
HIGHLIGHTS
Mongolia
• Licences over 2000km2 area prospective
for potash & lithium
Potash - high value commodity essential for
agriculture and China is the major
importer
• Strategic Alliance with Galaxy Resources
Ltd on new lithium projects in Mongolia
and Kazakhstan
Western Australia
• Large exploration targets at Shoemaker
prospective for BIF & DSO iron ore and
manganese mineralisation
• Large untested geophysical targets in
WA prospective for iron oxide copper
gold (IOCG) or carbonatite related
mineralisation
5
6
Mongolia: Project Location
• 100% owned
Mongolian subsidiary
• Registered in 2008
• 10 granted licences
• Over 3,800 km2
Mongolia: Uvs Basin Potash Project
(GMM 100%)
• GMM licences cover >2,000km2 area prospective for bedded and domal (salt diapir) potash
deposits and lithium brines
• Rock salt, soda ash & gypsum deposits discovered + base metal occurrences at GMM’s
tenements
7
GMM
Uvs Basin Potash: great geological potential
• Large isolated salt water basin –
part of ancient “Mongol-Okhotsk
ocean”
• Prospective Devonian evaporite
sequence up to 600 m thick
• Excellent geological conditions for:
– bedded & domal (salt diapir)
potash
– potassium and lithium rich brines
• Only cursory exploration to date at
outcrops on the periphery of the
basin
• Historical shallow high grade
potash intersections
8
Uvs Basin: historical potash intersections
at Tuz-Tag rock salt deposit in Russia (~30 km from GMM’s licences)
Drilling intersections (1951)
9
Rock salt outcrop at Shuuden Uul salt diapir in Uvs Basin ~9 km W of Tuz-Tag deposit in Russia
Sample
No
KCl
Wt %
Insoluble
Wt %
74 65.63 4.09
71 43.91 1.39
70 10.09 15.08
Pit samples (1953)
Sample
No
Drill hole
No
Depth interval
m
Thickness
m
KCl
Wt %
Insoluble
Wt %
187 8 16.5 - 18.3 1.8 39.56 1.47
189 8 23.3 - 24.3 1.0 1.98 0.45
180 7 59.1 - 68.8 9.7 16.21 4.26
183 7 90.7 - 100.1 9.4 3.77 17.55
185 7 100.1 - 106.5 6.4 2.55 46.21
171 5 38.2 - 40.2 2.0 1.83 0.73
Uvs Basin Potash: GMM exploration
GMM engaged leading international potash experts
ERCOSPLAN (Germany) to provide technical
guidance on the project:
10
February – June 2010:
• technical overview
• structural & hydrogeological maps
• recommendations on deep drilling
• field reconnaissance
October – November 2010:
• shallow structural drilling to study remote
sensing circular features
Plan for 2011 field season (April to November):
• 3 to 5 drill holes - 1,000 to 1,200 m deep
• possible 2D seismics to follow up on drilling
Uvs Basin Potash Project: close to biggest potash consumers
11
Uvs Basin Potash Project:
infrastructure & market access
12
Other opportunities in Mongolia & Central Asian region
• GMM field work on 5 Khangai Fault Licences in 2010:
– follow up on known copper, nickel mineral occurences & exploration
target areas identified by 2010 remote sensing study
– new gold and lithium exploration plans for 2011
• Strategic Alliance for lithium with Galaxy Resources in
Mongolia and Kazakhstan
– GMM 20% free carried in any lithium project it introduces to the
Alliance to completion of BFS
• Active research on new project opportunities in
Mongolia and Central Asia:
– GMM database on most of 6,000 occurrences & deposits in
Mongolia
– talks with vendors in Mongolia and Kazakhstan on gold, copper, coal
and other projects
13
14
• Large meteorite structure (15-20 km in diameter) in iron-rich Frere Formation
targeted by Rio Tinto, others:
meteorite impact suggests increased hydrothermal activity & possible enhanced mineralisation
• Gravity high anomalies & coincident magnetic lows
• High grade iron ore surface samples:
Amax in late 1970s – a few samples > 60% Fe
Galaxy 2008 - 54% to 62% Fe
GMM 2010 - 33 rock chip samples 50 - 65% Fe
Australia: Shoemaker – significant iron ore / manganese target
(GMM 50% & earning up to 80% from Galaxy Resources Ltd)
Australia: Shoemaker – manganese mineralisation
discovery in May 2010
15
• Field mapping in May & July 2010 identified spot occurrences and 3 linear Mn
mineralisation zones totaling ~1.9 km along strike and up to 30 m wide
• 19 rock chip samples assayed from 21% to 48% Mn
• 30 holes & ~2,500 line m RC drilling program to start in mid May 2011 – targeting
iron ore and manganese mineralisation
Australia: Shoemaker - Access to Markets
• Located 120 km from Wiluna
• Proposed Oakajee Railway to Golden West within 150 km
• Further rail link requires resource >200 Mt at Shoemaker & nearby deposits (Giralia,
Rio Tinto, Vector)
• Exploration targets support the required scale of deposit
16
General Mining Corp : Summary
• Board members with extensive experience and history of success
• MD with first-hand experience in Mongolia and Central Asia
• Established position in Mongolia, with vast database on various projects
• Significant potash potential in Mongolia identified
• Opportunities to secure new projects in Mongolia & Central Asia
• High potential exploration targets in Australia – iron ore, manganese, IOCG
17
Further information at Company’s website: www.generalmining.com
Contact: Dr Boris Matveev – Managing Director
Tel: +61 8 9227 1186
Email: boris@generalmining.com
Competent Person Statement
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Boris
Matveev, who is a Member of The Australian Institute of Geoscientists. Dr Matveev is a full-time employee of General Mining Corporation Ltd and
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’. Dr Matveev consents to the inclusion in the report of the matters based on his information in the form and context in
which it appears.
18
General Mining Corporation Ltd
ABN: 95 125 721 075

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GMM investor presentation highlights potash, manganese targets

  • 1. INVESTOR PRESENTATION Mines and Money Conference Hong Kong, March 2011
  • 2. Disclaimer This presentation has been prepared by General Mining Corporation Limited (“General Mining” or “GMM” or the “Company”). It is provided for informational purposes only and no action should be taken on the basis of, or in reliance on, this presentation. No responsibility or liability is accepted by General Mining or any of the Company’s officers, employees, agents or associates, nor any other person, for any action taken by you or any of your officers, employees, agents or associates on the basis of the information contained in this presentation. The information in this document does not take into account your investment objectives, financial situation or particular needs. You should make your own independent evaluation of this presentation, its contents and any potential investment in General Mining. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of its subject matter, of the Company or of its prospects. This presentation is not an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this document nor anything in it shall form the basis of any contract or commitment. This presentation does not constitute a representation that an offering of securities will occur either at all or in the manner indicated in this document nor does it constitute investment, legal, tax or other advice. Prospective investors are urged to carefully read the Company’s the 2010 Annual Report lodged with ASX on 18 October 2010 in its entirety as well as the Company’s quarterly reports and if necessary obtain independent advice prior to making a decision on whether to invest in GMM. An investment in GMM involves risks and potential investors should carefully consider those risks. No representation, warranty or guarantee, express or implied, is made and no liability will be accepted by General Mining and the Company’s directors, employees or agents, nor any other person as to the fairness, accuracy, completeness, reliability or correctness of the information, opinions, conclusions, statements, estimates, calculations, projections and forecasts contained in this presentation. To the extent that this presentation contains forecasts and forward looking information, such forecasts, projections and information are not a guarantee of future performance and may involve unknown risks and uncertainties. Actual results and developments may differ from those expressed or implied. To the maximum extent permitted by law, none of the Company’s directors, employees or agents, nor any other person accepts any liability, including without limitation any liability arising from fault or negligence on the part of any of them or any other person, for any loss, (including without limitation consequential loss, direct, indirect or consequential loss or damage or loss or damage arising by negligence) arising from the use of or reliance on this presentation or its contents or otherwise arising in connection with it. The recipient agrees, to the fullest extent permitted by the law, that they shall not seek to sue or to hold General Mining, the Company’s directors, employees, agents, consultants and advisers liable in any respect by reason of provision of this presentation. 2
  • 3. 3 General Mining Corporation Ltd ABN: 95 125 721 075 • Established in 2007 • Listed in Dec 2009 - ASX Code: GMM • 47.9M quoted f.p. shares (total 63M) • Directors ~14% • 12.7M options (unquoted) • Cash - $3.6M
  • 4. General Mining Corporation Ltd – GMM Experienced and Successful Board: • Non-executive Chairman - Michael Wright Finance background – 27 years experience in resources industry, including former Exec Director of Herald Resources, ($500m mkt cap.) • Managing Director - Dr Boris Matveev Professional geologist - 29 years experience in mining and exploration, including executive positions with ASX & AIM listed companies • Non-executive Director - Craig Readhead Over 30 years experience in resources law, with a number of past and current board positions in the sector • Non-executive Director - Robert Wanless Professional prospector with over 30 years experience. Responsible for collating GMM’s tenement portfolio 4
  • 5. HIGHLIGHTS Mongolia • Licences over 2000km2 area prospective for potash & lithium Potash - high value commodity essential for agriculture and China is the major importer • Strategic Alliance with Galaxy Resources Ltd on new lithium projects in Mongolia and Kazakhstan Western Australia • Large exploration targets at Shoemaker prospective for BIF & DSO iron ore and manganese mineralisation • Large untested geophysical targets in WA prospective for iron oxide copper gold (IOCG) or carbonatite related mineralisation 5
  • 6. 6 Mongolia: Project Location • 100% owned Mongolian subsidiary • Registered in 2008 • 10 granted licences • Over 3,800 km2
  • 7. Mongolia: Uvs Basin Potash Project (GMM 100%) • GMM licences cover >2,000km2 area prospective for bedded and domal (salt diapir) potash deposits and lithium brines • Rock salt, soda ash & gypsum deposits discovered + base metal occurrences at GMM’s tenements 7 GMM
  • 8. Uvs Basin Potash: great geological potential • Large isolated salt water basin – part of ancient “Mongol-Okhotsk ocean” • Prospective Devonian evaporite sequence up to 600 m thick • Excellent geological conditions for: – bedded & domal (salt diapir) potash – potassium and lithium rich brines • Only cursory exploration to date at outcrops on the periphery of the basin • Historical shallow high grade potash intersections 8
  • 9. Uvs Basin: historical potash intersections at Tuz-Tag rock salt deposit in Russia (~30 km from GMM’s licences) Drilling intersections (1951) 9 Rock salt outcrop at Shuuden Uul salt diapir in Uvs Basin ~9 km W of Tuz-Tag deposit in Russia Sample No KCl Wt % Insoluble Wt % 74 65.63 4.09 71 43.91 1.39 70 10.09 15.08 Pit samples (1953) Sample No Drill hole No Depth interval m Thickness m KCl Wt % Insoluble Wt % 187 8 16.5 - 18.3 1.8 39.56 1.47 189 8 23.3 - 24.3 1.0 1.98 0.45 180 7 59.1 - 68.8 9.7 16.21 4.26 183 7 90.7 - 100.1 9.4 3.77 17.55 185 7 100.1 - 106.5 6.4 2.55 46.21 171 5 38.2 - 40.2 2.0 1.83 0.73
  • 10. Uvs Basin Potash: GMM exploration GMM engaged leading international potash experts ERCOSPLAN (Germany) to provide technical guidance on the project: 10 February – June 2010: • technical overview • structural & hydrogeological maps • recommendations on deep drilling • field reconnaissance October – November 2010: • shallow structural drilling to study remote sensing circular features Plan for 2011 field season (April to November): • 3 to 5 drill holes - 1,000 to 1,200 m deep • possible 2D seismics to follow up on drilling
  • 11. Uvs Basin Potash Project: close to biggest potash consumers 11
  • 12. Uvs Basin Potash Project: infrastructure & market access 12
  • 13. Other opportunities in Mongolia & Central Asian region • GMM field work on 5 Khangai Fault Licences in 2010: – follow up on known copper, nickel mineral occurences & exploration target areas identified by 2010 remote sensing study – new gold and lithium exploration plans for 2011 • Strategic Alliance for lithium with Galaxy Resources in Mongolia and Kazakhstan – GMM 20% free carried in any lithium project it introduces to the Alliance to completion of BFS • Active research on new project opportunities in Mongolia and Central Asia: – GMM database on most of 6,000 occurrences & deposits in Mongolia – talks with vendors in Mongolia and Kazakhstan on gold, copper, coal and other projects 13
  • 14. 14 • Large meteorite structure (15-20 km in diameter) in iron-rich Frere Formation targeted by Rio Tinto, others: meteorite impact suggests increased hydrothermal activity & possible enhanced mineralisation • Gravity high anomalies & coincident magnetic lows • High grade iron ore surface samples: Amax in late 1970s – a few samples > 60% Fe Galaxy 2008 - 54% to 62% Fe GMM 2010 - 33 rock chip samples 50 - 65% Fe Australia: Shoemaker – significant iron ore / manganese target (GMM 50% & earning up to 80% from Galaxy Resources Ltd)
  • 15. Australia: Shoemaker – manganese mineralisation discovery in May 2010 15 • Field mapping in May & July 2010 identified spot occurrences and 3 linear Mn mineralisation zones totaling ~1.9 km along strike and up to 30 m wide • 19 rock chip samples assayed from 21% to 48% Mn • 30 holes & ~2,500 line m RC drilling program to start in mid May 2011 – targeting iron ore and manganese mineralisation
  • 16. Australia: Shoemaker - Access to Markets • Located 120 km from Wiluna • Proposed Oakajee Railway to Golden West within 150 km • Further rail link requires resource >200 Mt at Shoemaker & nearby deposits (Giralia, Rio Tinto, Vector) • Exploration targets support the required scale of deposit 16
  • 17. General Mining Corp : Summary • Board members with extensive experience and history of success • MD with first-hand experience in Mongolia and Central Asia • Established position in Mongolia, with vast database on various projects • Significant potash potential in Mongolia identified • Opportunities to secure new projects in Mongolia & Central Asia • High potential exploration targets in Australia – iron ore, manganese, IOCG 17
  • 18. Further information at Company’s website: www.generalmining.com Contact: Dr Boris Matveev – Managing Director Tel: +61 8 9227 1186 Email: boris@generalmining.com Competent Person Statement The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Boris Matveev, who is a Member of The Australian Institute of Geoscientists. Dr Matveev is a full-time employee of General Mining Corporation Ltd and 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’. Dr Matveev consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. 18 General Mining Corporation Ltd ABN: 95 125 721 075