Global Geoscience | ASX:GSC | RIS2014 Broken Hill Investor Presentation
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Transcript of Global Geoscience | ASX:GSC | RIS2014 Broken Hill Investor Presentation
1
GLOBAL GEOSCIENCE LTD
ASX: GSC
Disclaimer
ASX: GSC Global Geoscience Ltd 2
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.
.
Overview
ASX: GSC Global Geoscience Ltd 3
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
Corporate Overview
Global Geoscience Ltd 4
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) $0.8M
Shareholders
Top 20 46%
Directors 14%
Osisko Mining Corp 6.6%
Quality Life P/L 5.2%
Peter Nicholson 4.6%
World Gold Producers
5 Global Geoscience Ltd ASX: GSC
World Gold Producers: USA #3, Peru #6
World Copper Producers
6 Global Geoscience Ltd ASX: GSC
World Copper Producers: Peru #2, USA #4
Nevada – Over 200Moz Au
7 Global Geoscience Ltd
Tokop
Excelsior
Lone Mt
Spring Valley
Long Canyon
Hycroft
Nth Bullfrog
Battle Mt
Eureka
Trend
Carlin
Trend
Jerritt Canyon
Twin
Creeks Sleeper
ASX: GSC
Pan
Bald Mt
Ruby Hill
Major Gold Deposit
>1Moz Au
Global Project
Tokop
8 Global Geoscience Ltd ASX: GSC
Large (2.5km2) arsenic geochemical anomaly, unexplored, 12km from Hwy 95
UTM Z11 NAD27
Tokop
9 Global Geoscience Ltd ASX: GSC
Associated with multiphase granite intrusion that hosts Au-Ag mineralisation
About 70% of intrusion
concealed beneath poorly
mineralised limestone/skarn
Volcanic Cover
Mineralisation occurs
within intrusion
UTM Z11 NAD27
Tokop
10 Global Geoscience Ltd ASX: GSC
Global has drilled 20 wide-spaced holes covering about 25% of the prospective area
8m/0.33/1.7
Volcanic Cover
44m/0.41/5.8
10m/1.00/17.3
30m/0.72/10.5
36.6m/0.38/3.5
18m/1.94/8.8
35m/0.40/5.2
19.8m/0.32/5.1
18.3m/1.25/4.8
13.8m/0.94/7.3
m/Au/Ag in g/t UTM Z11 NAD27
Deposit Owner Type M&I Resource
Mt
Grade
g/t Au
Ann. Production
‘000 oz
Operating Cost
US$/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
Arizona – Giant Cu deposits
12 Global Geoscience Ltd ASX: GSC
Bagdad
Towers Mt
Camp Verde
New Morenci
Ajo
Mission
Sierrita
San Manuel
Morenci
Globe/Miami
Ray/Resolution
Tohono
Major Cu Deposit
>4Mt contained Cu
Global Project
Towers Mt
13 Global Geoscience Ltd ASX: GSC
Large, strong Cu-Mo stream sediment anomaly within 64Ma granodiorite
UTM Z12 NAD27
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
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
Towers Mt
16 Global Geoscience Ltd ASX: GSC
Previous drilling targeted Mo in barren centre, annular copper anomaly largely untested
UTM Z12 NAD27
Towers Mt
17 Global Geoscience Ltd ASX: GSC
Cross-section through a porphyry copper system
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
References
ASX: GSC Global Geoscience Ltd 19
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 and Year-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.