Oxiana Limited - Kalimantan Gold Corporation Limited
Oxiana Limited - Kalimantan Gold Corporation Limited
Oxiana Limited - Kalimantan Gold Corporation Limited
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Summary<br />
• KSK Copper Project<br />
JV with Freeport-McMoran Copper and <strong>Gold</strong>. Worlds largest publically listed copper company<br />
• $7m in first 3 years for 51% interest; $3m in year 1; subscribed C$350k for ordinary shares @ 14c; sole<br />
fund to BFS for additional 24%;<br />
• If Freeport stops funding, loses equity interest for 1% royalty up to sums spent. KLG to be operator;<br />
• If decison to mine is taken, if either party declines to fund its share, its equity will be assigned to other party<br />
for 1% NSR;<br />
• Deep drilling at 3 (4) targets to identify source of porphyry;<br />
• 43-101 drilling at Beruang Kanan to delineate a target 250Mt at 0.5-0.6% Cu;<br />
• Ready to mobilize 1500m capable drill rigs and definition drilling rigs pending issuance of forestry permits,<br />
expected in July.<br />
• Jelai <strong>Gold</strong> Project<br />
• JV signed with Tigers Realm Minerals;<br />
• $6m by IUP expiry for 70% of equity; $2m in year 1;<br />
• Must fund drilling up to Bank Feasibility Study to retain equity; otherwise 1% royalty up to 2x investment;<br />
• Exploration IUP granted to June 2015, awaiting conditional forestry permit that is expected by August.<br />
June 2011 26