Çöpler Gold Mine
Transkript
Çöpler Gold Mine
August 2012 Agenda Lidya Mining Çöpler Gold Mine Çöpler Sulfide Project New JVs Gold Market 2 Agenda Lidya Mining Çöpler Gold Mine Çöpler Sulfide Project New JVs Gold Market 3 Lidya Mining Lidya established in 2006, based in Istanbul, fully owned by Çalık Holding. Focused on metals and precious metals in and around Turkey. People, assets and partnerships; 3 pillars of strategy An emerging mining company through Çöpler experience and cashflow Committed to create a valuable portfolio of gold, copper, molybdenum, and nickel. 4 Mission & Vision & Values We are committed to create value for our shareholders, Mission Vision Values employees and social partners through discovery, acquisition and development of high quality metal assets and operation of profitable mines. We will be the most valuable and respected mining company in Eurasia. Sustainable and Socially Responsible Development Win-Win Relationship with Communities and Partners Integrity Overriding Commitment to Safety and Environment Fostering Team-Spirit in the Pursuit of Excellence 5 Agenda Lidya Mining Çöpler Gold Mine Çöpler Sulfide Project New JVs Gold Market 6 Çöpler Gold Mine Çöpler Gold Mine 7 Çöpler Gold Mine Çalık&Alacer Gold (TSX:ASR) joined forces in August 2009 is the first major international partnership in Turkish mining industry First operation is a gold project in eastern Turkey, Erzincan Çöpler is the second biggest gold mines in Turkey with 7.3Mozs resources (inclusive of reserves) Çöpler sits on a comfortable margin with a cash cost of US$350 Open Pit Leach Pad 8 Çöpler Gold Mine Çöpler New Gold-Copper District YAKUPLU BAHÇE SABIRLI BAYRAMDERE AKSEKİ DEMİRMAĞARA Au-Cu prospect in-line with major Çöpler structure Çöpler +7.3Moz Au deposit, closed only to immediate east Multiple Cu-Au prospects along 6km contact zone FIDIKLIDERE Karakartal Target large Au-Cu porphyry. 3 rigs 2H11 following up 235m at 1.0g/t Au, 0.43% Cu 9 Past, Present, Future... Çalık & ASR strategic partnership 1930 5/2006 Çalık Mining established 8/2009 Sulfide feasibility starts 1994 12/2010 First gold at Çöpler 6/2011 9/2011 New JVs into 16 projects 10/2011 Çöpler produces 400K ozs Au Sulfide feasibility completed First drilling in 50/50 JVs 1/2012 Shares in Anagold raised to 20% 2007 12/2012 2008 1/2013 1/2015 Sulfide construction starts 10 Çöpler Gold Mine Investment Employment Reserve Cash Cost • $250M • 700 employees (255 from Ilic and around) • 4.6 Mozs (≈130t) • 350 $/oz 2011 Production • 185.417 ozs (≈5,3t) 2011 Turnover • $288M 2012 Production • 200.000 ozs (≈5,7t) (estimated) 11 Çöpler Gold Mine Exploration Investment $30M Completed Total Drilling in meters 188.083m Completed Total Drilling in Holes 1.250 holes Total Capital Investment (1,3Mozs oxide ore) $220M 2012 Drilling Works Budget Planned Completed (YTD) $10M 48.000m 33.112m 12 Çöpler Gold Mine Production by Years 13 Çöpler Gold Mine Open Pit Crusher Plant Manganese Zone ADR Plant 14 Agenda Lidya Mining Çöpler Gold Mine Çöpler Sulfide Project New JVs Gold Market 15 Çöpler Sulfide Project Probable Reserves 2.2Mozs 4.6Mozs LOM Production 1.3Mozs 3.7Mozs Mine Life 9 Years 16 Years Facility construction starts; 2013 Facility construction period; 28 months Full capacity production; 2015 Additional production per year; 220.000 oz 16 Çöpler Sulfide Project $410M • CAPEX $739M • Net Cash Flow * 430 $/oz 24,6 % • Cash Cost • IRR •Accepted Au price 1.035 $/oz •Based on prefeasibility report 17 Agenda Lidya Mining Çöpler Gold Mine Çöpler Sulfide Project New JVs Gold Market 18 New JVs 19 New JVs Çöpler PRODUCTION Oxide Çöpler Sulfide FEASIBILITY Cevizlidere, Karakartal Fındıklıdere, Bayramdere Polimetal: Akoluk, Balışeyh, Dursunbey, Eğrikar, Güvemli, Fol-Ken, Ken-Fol, Kabadüz, Kurttepe, İvrindi, Yelekkaya, Taşlıkyayla, Sarıçayıryayla, Şiran ADVANCED EXPLORATION INITIAL EXPLORATION 20 New JVs KARAKARTAL EXPLORATION Properties Location: 12km southeast of Çöpler Primary Target: Porphyry Cu-Au Ownership: 50% Lidya Mining Drilling Works Previous terms 9.541 m 2011 Completed 4.301 m 2012 Completed (YTD) 5.848 m 21 Agenda Lidya Mining Çöpler Gold Mine Çöpler Sulfide Project New JVs Gold Market 22 Gold Market * Estimated Source: Assosiation of Gold Miners 23 Top Gold Producers of Turkey 2011 Production Anagold 25% Tüprag 38% 2012 Estimate Anagold 21% Koza 37% Koza 37% 2011 Tüprag 42% 2012 24 Gold Market 25 Thank You