Investment Presentation May 2012 Contact: Todd Hibberd Telephone - - PowerPoint PPT Presentation

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Investment Presentation May 2012 Contact: Todd Hibberd Telephone - - PowerPoint PPT Presentation

Investment Presentation May 2012 Contact: Todd Hibberd Telephone :+618 9321 2233 Email: info@wcminerals.com.au www.wcminerals.com.au Disclaimer The material in this presentation (material) is not and does not constitute an offer,


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SLIDE 1

Investment Presentation

May 2012

Contact: Todd Hibberd Telephone :+618 9321 2233 Email: info@wcminerals.com.au www.wcminerals.com.au

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SLIDE 2

Disclaimer

The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase, any security in White Cliff Minerals Limited (“WCN”) nor does it form the basis of any contract or

  • commitment. WCN makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of

this material. WCN, its directors, employees, agents and consultants, shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this material except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of WCN or, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. The Information in this presentation that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr Todd Hibberd, who is a member of the Australian Institute of Mining and Metallurgy. Mr Hibberd is a full time employee of the company. Mr Hibberd has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the `Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)`. Mr Hibberd consents to the inclusion of this information in the form and context in which it appears in this presentation. 2

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SLIDE 3

Summary and Highlights

  • Nickel and gold focus ‐Western Australia

– $240,000 drill funding from WA government – Outstanding nickel sulphide drill targets – Drilling commences July 2012 – Potential for a major new nickel discovery

  • Copper‐Gold focus Central Asia

– Extensive copper mineralisation discovered

  • Experienced management

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SLIDE 4

Corporate Snapshot

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Capital Structure Shares 67.2M Options

Strike@25c expire 06/2014

5.8M Cash

(31 Mar 2012)

$1M Share Price $0.05 Market Cap $3.5M Major Shareholders Thorney Fund 3% Directors and Founders 30% Top Twenty 43% Top 100 76% Board ‐ Management Todd Hibberd

managing director

Michael Langoulant

executive chairman

Rodd Boland

non‐exec director

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SLIDE 5

Core Business

  • Australia

– Lake Johnston Nickel

  • Kyrgyz Republic

– Chanach Copper‐Gold Porphyry

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SLIDE 6

Lake Johnston Nickel Project (100%)

  • 250km from Kalgoorlie
  • Covers 800 km2
  • Two nickel mines in belt:
  • Emily Anne
  • Maggie Hays
  • 14Mt @ 1.82% Nickel
  • 250km to Port Esperance
  • 100km to Rail
  • Existing Infrastructure

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SLIDE 7

Key Prospects

  • Along strike from

Norilsk mines

  • Key prospects

– Lake Percy – Mt Gordon/Mt Glasse

  • Same geology
  • Same stratigraphy
  • Same Potential

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SLIDE 8

Lake Percy Nickel Sulphide Targets

  • Historical nickel sulphide

results of:

  • 3m @ 1.7% Ni
  • 8m @ 0.98% Ni
  • Nine new nickel sulphide

targets (conductive zones) identified on/near basal contact of ultramafic

  • Diamond Drilling

– July 2012 – 1200‐1800 metres

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SLIDE 9

Lake Percy Nickel Targets vs. Norilsk Mines

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Nickel Mine – Norilsk Lake Percy - WCN Same Stratigraphy Same Geology

Same Potential

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SLIDE 10

Lake Percy vs. Norilsk Mine ‐ Section

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Nickel Mine - Norilsk Lake Percy – WCN

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SLIDE 11

Mt Gordon Nickel Sulphide Targets

  • Four strong geophysical nickel

targets identified on/near basal contact of ultramafic

  • Overlying nickel rich laterite

– Ultramafic at depth – BIF unit (cf. Norilsk) – Minimal Exploration

  • Multiple additional targets

south of Mt Gordon

  • Geophysics planned

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SLIDE 12

Mt Gordon‐ Cross Section

  • Four Targets

– Same Geology – Same Stratigraphy – Same Location – Same Potential

  • Diamond Drilling

– August 2012 – 1200m

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SLIDE 13

Mt Glasse Nickel Sulphide Targets

  • Six strong geophysical nickel

targets identified on/near basal contact of ultramafic

  • Overlying Nickel laterite

– Ultramafic at depth – BIF unit (cf. Norilsk) – Minimal Exploration

  • Planned geophysics to better

define targets

  • Good road access to all sites

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Lake Johnston ‐ Summary

  • Historical nickel sulphide

results of:

  • 3m @ 1.7% Ni
  • 8m @ 0.98% Ni
  • Nineteen new nickel sulphide

targets (conductive zones) identified on/near basal contact of ultramafic

  • Diamond Drilling

– July 2012 – 2400 metres

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SLIDE 15

Chanach Copper‐ Gold Kyrgyz Republic – Central Asia

  • Major copper & gold

metallogenic province

– 2000km long – From China to Uzbekistan

  • Politically stable
  • Good road Infrastructure
  • Major regional mines include:

– Kumptor (20 M Oz gold) – Makmal (5 M Oz gold) – Kalmakyr (9.5 Mt Cu;40 M Oz Au)

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Regional Deposits Chanach

Major Copper-Gold Metallogenic Belt Kalymakyr Area 90 M Oz Gold 25 Mt Copper Terek Sai Area 7.5 M Oz Gold Charaat Area 7.5 M Oz Gold 1 Mt Copper Kochbulak Area 10 M Oz Gold

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Chanach

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SLIDE 17

Regional Porphyry & Epithermal Deposits

Deposit Type Tonnes Copper % Gold (ppm) Copper (Mt) Gold (Oz) Kalmakyr Grp Porphyry 5.5 Gt 0.38 0.35 25 90 Million Kuru Tegarek Porphyry 173 Mt 0.59 0.56 1.0 3.1 Million Charaat Epithermal 33 Mt 4.1 5.6 Million Terek Sai Epithermal ~23 Mt ~3 2.2 Million Ishtamberdy Epithermal 15.9 Mt 4.9 2.5 Million Kochbulak Epithermal 11.3 Mt 12 4.3 Million

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The Chanach Copper‐Gold Porphyry (45%)

  • Potential for 100’s of millions of tonnes
  • Grades to date range from 0.2% copper ‐ 2% copper
  • Initial drilling covers 500 by 400 metre area
  • Mineralisation open in all directions
  • Copper and gold mineralisation identified 5km away

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Copper‐Gold Porphyry Deposits

  • Copper‐gold rich magma

injects itself into crust

  • Deposits are zoned
  • Typically 100’s of millions

to billions of tonnes

  • Average grades from 0.3%

copper to ~1% copper

Diagram after Lowell and Guilbert 1970

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SLIDE 20

Chanach Tenement

Outcropping Porphyry Alteration Targets 2011 Drilling (next slide)

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Chanach Drilling Results

  • Extensive Copper Mineralisation
  • 18 of 20 drill holes mineralised
  • Drill hole depths ranged from 100m to 350m
  • Significant Copper grades (and associated gold)
  • 80 metres at 0.5% copper in supergene zone including;
  • 10 metres at 1% copper
  • 40 metres at 0.5% copper in supergene zone
  • 180 metres at 0.2% copper and 0.15 g/t gold including;
  • 34 metres at 0.40% copper and 0.26 g/t gold

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SLIDE 22

Mineralised Skarn Contact Mineralised Porphyry

Interpreted Mineralisation

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250 500 Metres

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SLIDE 23

Chanach 2012 Exploration Program

  • 2000 metres of diamond drilling, including:

– Porphyry ‐ limestone contact (Skarn) – Main Porphyry – Central Porphyry

  • Extensive soil sampling program over alteration

targets (2000 samples)

  • Ground magnetic survey

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SLIDE 24

Exploration Schedule – to Dec 2012

Project Commodity Activity Timing Lake Johnston Nickel MLTEM DD Drilling MMI Q3-12 Q3-12 Q4-12 Chanach Copper-Gold Drilling Soil Sampling Q3-12 Q3-12 Mt Remarkable Gold Gold Nickel MMI RC Drilling MLTEM Q2-12 Q3-12 Q3-12 Laverton Gold MMI Drilling Q3-12 Q4-12

MMI = Mobile Metal ion soil geochemical sampling MLTEM = Moving Loop Electromagnetic survey

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Summary

  • 2012 Exploration has potential to rerate company
  • High risk/reward nickel drilling at Lake Johnston
  • Chanach Copper Gold Project

– a sleeping giant – further work will realise scale and potential

  • Pipeline of good quality grass root projects

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Contact Details

Todd Hibberd – Managing Director White Cliff Minerals Limited Suite 2, Murchison House 5 Ord Street, West Perth WA 6005 Tel:08 9321 2233 Fax: 08 9324 2977 Em: info@wcminerals.com.au Web: www.wcminerals.com.au Rodd Boland – Non Executive Director‐ Investor Relations White Cliff Minerals Limited Suite 14, 13 Hickson Road Sydney NSW 2000 Tel: 02 9251 5065 Fax: 02 9251 5067 Mb: 0408 969 609 Em: rboland@wcminerals.com.au

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