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.
Overview and Delineation and Exploration Program<br />
<strong>Kalimantan</strong> Project Locations<br />
Overview and Delineation and Exploration Program<br />
Copper<br />
• 38 prospects;36,000 m of drilling completed to date; $16.4 mill spent;<br />
• 3D inversion modelling identified targets for several world-class copper<br />
porphyry deposits;<br />
• JV with Freeport McMoran Copper <strong>Gold</strong> (www.fcx.com ) – deep and<br />
shallow drilling to BFS:<br />
<strong>Gold</strong><br />
• $7m in first 3 years for 51% interest; $3m in year 1; subscribe $350k<br />
on signing; sole fund to BFS for additional 24%<br />
• If Freeport stops funding, loses equity interest for 1% royalty up to<br />
sums spent. KLG to be operator<br />
• If decison to mine is taken, if either party declines to fund its share,<br />
its equity will be assigned to other party for 1% NSR.<br />
• 7 major veins and numerous subsidiary veins with a cumulative strike length<br />
of more than 5kms; 13,959 m of drilling and 126 holes completed to date;<br />
• JV with Tigers Realm Minerals – drilling to BFS<br />
• $6m for 70%; $2m in year 1<br />
• Tigers to complete BFS by IUP expiry date, June 2015, or lose<br />
interest for royalty up to 2x investment.<br />
June 2011<br />
New Projects<br />
The company is evaluating 3 new copper gold and gold early stage projects<br />
3
Change language