22 EDGEWORTH DAVID AVENUE
HORNSBY
New South Wales
Australia,
2077
Phone: +61 2 9472 3500
Fax: +61 2 9482 8488
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Company SummaryGolden Cross Resources (GCR) is a gold and base metals explorer searching for large deposits in highly prospective mineral belts providing significant potential upside for the investor. GCR’s current portfolio of tenements contains world class exploration potential, with which we have attracted leading mining companies as farm-in partners who help us fund our exploration. Company NewsWednesday, November 04, 2009 Golden Cross Resources Ltd report results of new pit optimisation study for its 100%-owned Copper Hill project located in New South Wales, Austalia. The estimated discounted cashflow (DCF) is A$360 million with a mine life of almost 20 years producing 335,000 tonnes of copper metal, over 1.1 million ounces of gold bullion and 3 million tonnes of sulphur. Basic parameters used for the selected model were: 85% recoveries for copper, gold and sulphur, US$2.70/lb copper, $US800/oz gold, US$30/tonne sulphur, $US:$A 0.85 and a 10% discount rate. The price/cost assumptions used by AMDAD and Whittle 4X allow a lower cut-off grade (0.15% copper and 0.3g/t gold) to define additional mineable blocks within the existing 0.2% copper cut-off resource. News ReleasesWednesday, November 04, 2009 Wednesday, August 12, 2009 Map Legend: Producer Past Producer  Development  Exploration |
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