2013, PRESENTATION, Exploring and Developing Copper in Mongolia, Joe Burke
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Transcript of 2013, PRESENTATION, Exploring and Developing Copper in Mongolia, Joe Burke
Statements
Competent Persons Statement
The information in this presentation, which relates to Mineral Resources and exploration results, has been reviewed by Mr Matthew Wood. This information, in the opinion of Mr Wood, complies with the reporting standards of the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Wood is a Member of the Australasian Institute of Geoscientists 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'. Mr Wood is a Director of Voyager Resources Limited and consents to this presentation.
Forward Looking Statement
This presentation includes certain ‘forward looking statements’. All statements, other than statements of historical fact, are forward looking statements that involve various risks and uncertainties. There can be no assurances that such statements will prove accurate, and actual results and future events could differ materially from those anticipated in such statements. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement.
An ASX (VOR) listed company exploring and developing copper in Mongolia Management team with a proven record of generating new and significant prospects
Responsible for the sale of ASX Listed Hunnu Coal to Banpu PLC of Thailand for AU$490M in Oct 2011
One Copper Project (Khul Morit) and two Copper/Gold Projects
Recent capital raising oversubscribed
Approx. AU$2.4 raised after costs Flagship Khul Morit (KM) Project
Located within the Erdene Island Arc terrain – A special area of focus KM Project has the clear potential and geological footprint to host a
world class copper porphyry system Recent drilling has highlighted significant trace element signatures associated with a
copper porphyry system
Company Overview
Cash Position ~$A 3.5 Million (March 31 2013)
Share Structure (Post Raise)
Price 0.01 (April 16 2013)
Shares 1,499 Million (VOR)
Options 678.1 Million (VORO, VOROA)
Market Cap ~$A15 Million
Key Projects Khul Morit Copper Porphyry
Khongor Copper Gold
Daltiin Ovor Copper Gold
Proven Management Experienced Exploration, Development and Operations Team
Excellent Location Two (of three) projects located within the Erdene Island Arc Terrain
Company Snapshot
Worldwide geological experience
Extensive experience in the technical and economic evaluation of resource ventures throughout the world.
A history of developing these projects into outstanding shareholder value
Board & Management
Matthew Wood
Joe Burke
George Tumur
Timothy Flavel
Dr Nicholas Lindsay
Erdene Tsengelbayar
Executive Chairman
Chief Executive Officer
Operations Director
Executive Director
Non-Executive Director
Chief Operating Officer
Khul Morit (KM)
• 80% interest
• located in the Erdene Island Arc Terrain
• 55,000m+ drilled to date
• outstanding geology recently discovered
• potential to host a significant copper porphyry system
Khongor
• 100% interest
• located in the Erdene Island Arc Terrain
• potential to host a copper porphyry system
Daltiin Ovor
• 80% interest
• located within the Bayankhongor Gold Belt in south central Mongolia
• ongoing property evaluation
Voyager’s Project Portfolio
Khul Morit has returned some of the BEST COPPER RESULTS in Mongolia since the discovery of Oyu
Tolgoi. These include: 116 metres at 2.4% copper and 7.2 g/t silver from 30 metres from hole KM0012RCD 75 metres at 2.4% copper and 5.7 g/t silver from 48 metres from hole KM0050RC 34 metres at 3.4% copper and 14.7 g/t silver from 92 metres from hole KM0053RC
Khul Morit
The geological and alteration signatures at Khul Morit are typical of large copper porphyry systems globally
Quartz tourmaline breccias indicate a high level copper mineralised porphyry system
And the classic phyllic alteration is typical of the low level core of a porphyry system
Over 55,000 meters has been drilled at Khul Morit
A high percentage of which targeted the near surface hydrothermal breccias To date porphyry targeting has been limited
Khul Morit
In recent months though the Company has taken a systematic step-by-step approach to identify porphyry targets at Khul Morit, including; Completing a full audit of all work carried
out at Khul Morit The establishment of a new geological team Developed a new list of drill targets
targeting the porphyry system Recent drilling at 3 targets resulted in highlighting
exciting copper porphyry style observations
Observations included:
Results from KMR122RCD suggest that this hole may be adjacent to, and/or above, the
development of a larger porphyry stockwork. Drill hole KM0227D highlighted significant intersections of ignimbrite and block ash tuff
discovered at depth, similar to the caps above the giant Oyu Tolgoi (OT) copper deposit
The ignimbrite/block ash tuff formation contains significant primary chalcopyrite with visible traces of copper mineralization
The Company believes these could be formation rocks associated with a copper porphyry target
supplying the copper mineralization to the very high grade breccias, found at surface Targeted geophysical work was completed at specific locations including Gradient IP and Spectral
Alteration Mapping Both exercises have assisted in delineating new drill targets But also highlighted the necessity to complete additional IP and Mapping
Khul Morit
Mongolia will be a substantial producer of Copper Oyu Tolgoi Invested capital to date of over US$5.5b Target production of 450,000 tonnes of copper equates to 3% of global production
and 24% of Asia’s copper consumption Tsagaan Suvarga European Bank for Reconstruction and Development (EBRD), committed to invest
up to US$350M Estimated Resource of 240Mt at 0.53% Cu
Source: Oyu Tolgoi corporate presentation
European Bank for Reconconstruction and Development corporate website
Investing in Copper in Mongolia
A management team with a proven track record in returning shareholder value
Company is fully funded to continue its current drilling programme Khul Morit (KM) continues to highlight all the trace element signatures associated with an
extensive copper porphyry system To date porphyry targeting has been limited
Diamond core drilling to recommence at KM Project
Focusing on better delineated copper porphyry targets
Strategic Partnerships
Identify strategic companies with appetite for Mongolia
Mining licence application at KM Project nearing completion Expected completion early 2013
Appetite to invest in Copper in Mongolia exists Voyager’s own oversubscribed share placement Oyu Tolgoi, Tsagaan Suvarga
Summary and Next 3 Months
Contact:
Joe Burke – Chief Executive Officer
Level 1 / 33 Richardson Street West Perth
PO Box 826, West Perth, WA 6872
Ph: +61 8 9200 6264
Fax: +61 8 9200 4469
Email: [email protected]