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Getty Copper Powerpoint Presentation June 16, 2016
1.
2. ADVANCED
HIGHLAND VALLEY
COPPER PROJECT
Getty Copper Inc.
1000 Austin Avenue
Coquitlam, British Columbia
Canada V3K 3P1
Tel: (604) 931-3231
Fax: (604) 931-2814
E-mail: getty@telus.net
JUNE 19, 2015
3. This presentation includes certain statements that may be deemed "forward-looking statements". All statements in this presentation, other than statements of historical
facts, especially those that address the need for definitive agreements to be negotiated and executed, and estimated resource quantities, grades are forward-looking
statements because they are based on future events or made on the basis of estimation from limited information such as a fixed number of number of drill holes and
metallurgical studies. The Company does not have reserves for US reporting standards and the estimate of reserves for Canadian reporting purposes is conjectural being
based only on a pre-feasibility study which uses broadly defined cost and production estimates. The study is available at www.sedar.com. Although diamond drill hole core
provides valuable information about the size, shape and geology of an exploration project, there will always remain a significant degree of uncertainty in connection with
these valuation factors until a deposit has been extensively drilled on closely spaced centers which has occurred only in specific areas on the Getty Project. Although the
Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed
as guarantees of the ultimate size, quality or commercial feasibility of the Getty Project or of the Company's future performance. Subsequent results and developments may
differ materially from those postulated in the estimates and forward-looking statements. Other factors that could cause the Company's actual results and performance to
differ materially from those in forward-looking statements include adverse market prices for metals, the conclusions of detailed feasibility and technical analyses, lower than
expected grades and quantities of resources, mining rates and metal recovery rates and the fact that necessary capital may not be available to the Company on terms
acceptable to it or at all. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain
government permitting can cause a delay or even abandonment of a mineral project. The Company is subject to the specific risks inherent in the mining business as well as
general economic and business conditions. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States
Securities Commission and its home jurisdiction filings that are available at www.sedar.com. The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this presentation.
Note to U.S. Investors concerning estimates of Measured and Indicated Resources. This section uses the terms “measured” and “indicated resources”. We caution U.S.
investors that while those terms are recognized and required by Canadian Securities Administrators pursuant to National Instrument 43-101, the U.S. Securities and Exchange
Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into
reserves.
Note to U.S. Investors concerning estimates of Inferred Resources. This section uses the term “inferred resources”. We caution U.S. investors that while this term is
recognized and required by Canadian Securities Administrators pursuant to National Instrument 43-101, the U.S. Securities and Exchange Commission does not recognize it.
“Inferred resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or
any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian Securities Administration rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or pre-feasibility studies. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or
legally minable.
LEGAL DISCLAIMER
5. COMPANY STRATEGY
• Formed in 1993, Getty Copper Inc. is a
Canadian mineral exploration and
development company committed to
increasing shareholder value by continued
exploration and development of it’s 104
square mile Highland Valley property.
• Getty Copper’s main objective is to place in
production its Highland Valley open-pittable
porphyry copper and molybdenum deposits.
• In addition to advancing the Highland Valley
Project, Getty Copper Inc. is also continually
evaluating other mineral exploration and
development projects in Canada and
worldwide.
6. Porphyry Copper Project
Highland Valley, British Columbia, Canada
Filed with BCSC and SEDAR June 2010
NI 43-101 PRE FEASIBILITY STUDY
Dr. Corby Anderson, QP CEng FIMMM FIChemE
A qualified person as determined by NI 43-101 and the President of Getty Copper Inc.
has reviewed and approved the scientific and technical information in the presentation.
7. • Positive Independent NI 43-101 Pre-Feasibility Study Completed
• 420 Diamond Drill Holes Totaling 74,000 Meters (242,782 Feet) on Getty North and South
Deposits Combined
• Large Property – 269 Square Kilometers (104 Square Miles)
• Recent TITAN 24 QUANTEC Geophysical Survey Completed Confirming Deposits and Noting
High Priority Exploration Targets
• $ 23 Million CDN in Financings to Date
• 23 Square Kilometers of Geological Mapping
• Prominent Geophysical Anomalies Found in Getty West Zone, Glossie Zone, North Valley
Zone and East Zone
ADVANCED HIGHLAND VALLEY PROJECT HIGHLIGHTS
8. • 8,761 Geochemical Samples Analyzed Over 296 Line
Kilometers (185 Miles)
• 296 Line Kilometers Geophysical IP Surveys
• 227 Line Kilometers (142 Miles) Geophysical Magnetometer Surveys
• 1572 Meters (5158 Feet) of Surface Trenching on Getty South
Deposit
• 45 Meter (150 Feet) Deep, 2 Compartment Development
Shaft Sunk in Getty South Deposit
• 1768 Meters (5,800 Feet) of Underground Development in the Getty South Deposit
ADVANCED HIGHLAND VALLEY PROJECT HIGHLIGHTS
9. • Good Potential For Increased Gold, Silver and Molybdenum By Product Credits
• Metallurgical Studies Completed Utilizing Industrially Proven Concentrate Flotation and
Hydrometallurgical Concentrate Treatment Technologies
• NI 43-101 PFS Engineering Design Incorporates Extra Capacity For Production of Copper
Cathode and Molybdenum Trioxide From Treatment of Outside Custom Concentrates
• Initial Environmental Studies Completed
• Hydrometric Study Completed on Streams and Creeks
ADVANCED HIGHLAND VALLEY PROJECT HIGHLIGHTS
10. GOOD POTENTIAL FOR INCREASED
GETTY COPPER EQUIVALENT ORE GRADE
Independent QP Mr. Todd Fayram Modeled the Potential Value of the Additional Gold,
Silver, and Molybdenum By-products Over the Current Projected Getty PFS Mine Life of 17
Years.
For Example, Based On A Prior Study , The Concentrate Grade May Amount To The
Potential Recovery Of Approximately 7,200 Ounces Per Annum Of Gold And 86,000 Ounces
Of Silver Per Annum, But Further Work Needs To Be Carried Out To Confirm These Possible
Figures.
In Addition, A Historical Diamond Drill Hole Program And Study By Canex / Placer
Development Limited Determined That, “ The Overall Average MoS2 Percentage In The
Rock Mass is 0.0338%. The Silver Content Averages Approximately 0.18 Oz/Ton.”
11. • Property Located in an Active Major Producing Mining District With Significant Well
Defined Copper Resources
• Over 80% of the Combined Indicated Resources are Classified as Probable Reserves
• Property is Large and has Many Clearly Delineated IP Anomalies and Exploration
Target Resource and Reserve Expansion Potentials.
• Located in a Politically Stable Region With Extensive Infrastructure Energy and
Transportation Available
• Utilizes Industrially Proven Metallurgical Technology With Additional Custom Designed
Concentrate Treatment Capacity.
AN ADVANCED HIGHLAND VALLEY COPPER PROJECT !
GETTY ADVANCED COPPER PROJECT SUMMARY
12. LOCATION & INFRASTRUCTURE • Proven Porphyry Copper & Molybdenum Project
• Located in the Highland Valley Approximately 330km (205
miles) Northeast of Vancouver, B.C., Canada
• Getty’s Property is Adjacent to Canada’s Largest Producing
Base Metal Copper Mine. Teck’s Highland Valley Copper
Project has 637 Million Tonnes of Reserves Grading 0.29%
Copper and 0.008% Molybdenum, as Per Teck’s Website on
December 31, 2011.
• Excellent Infrastructure And Politically Stable Location
• Water, Power, Gas, Modern Highways with Rail and Air in
Kamloops
• Sea Port of Vancouver Close By; 5th Largest in North America
• Operating Mining District With Trained Workforce
13. GETTY HAS SUBSTANTIAL RESOURCE GROWTH POTENTIAL
• Located in the Heart of Canada’s Proven
and Producing Copper District.
• Probable Reserves Confirmed Under Pre-
Feasibility Study (PFS) With Immediate
Upside Potential in Both the Getty North
and Getty South Deposits.
• Substantial IP Anomalies Confirmed in
North Valley Zone, Getty West Zone, Bose
Hill East Zone and Glossie Zone.
14. LOCATION OF GETTY COPPER PROPERTY IN RELATION
TO TECK’S OPERATING HIGHLAND VALLEY COPPER MINE
15. EXPLORATION DEVELOPMENT SUMMARY TO DATE
GETTY NORTH DEPOSIT
• 302 Diamond Drill Holes Totalling 55,007Meters
(180,469 Feet) of drilling.
• Diamond Drill Holes to Depths of 462 Meters (1516
Feet) and 369 Meters (1211 Feet) Were Stopped in
Mineralization.
• 23 km (14 miles) Induced Polarization Survey (I.P.)
and 16 Km of Geochemical Survey.
• Titan 24 QUANTEC DCIP Survey Completed
• Preliminary Pit Design by Placer Developments and
in NI 43-101 PFS.
GETTY SOUTH DEPOSIT
(50% Ownership With In Place Royalty Agreement)
• 45 Meter (150 Feet) Deep, 2 Compartment
Development Shaft.
• 1768 Meters (5,800 feet) Underground Development.
• 118 Diamond Drill Holes Totalling 19,003 Meters
(62,345 Feet) of Drilling.
• 114 Kilometers (71 Miles) of IP Surveys.
• 1572 Meters (5,158 Feet) of Surface Trenching
Confirming Copper Mineralization.
• 20 Km (12 Miles) of Geochemical Soil Sampling
• Titan 24 QUANTEC DCIP Survey Completed
• Preliminary Pit Design in 43-101 PFS.
16. • Dennis Milburn, CA, Geologist, President, Chairman of the Board, Director
• Donald R. Willoughby, FCA, CFO, VP Finance, Director
• John B. Lepinski, Managing Director, CEO, COO, Director
• Dr. Joseph Montgomery, Director
• Edward Robinson, Director
• Thomas Hamaoka, Director
• Bernhard Zinkhofer, CA, LL.B, Co-counsel
MANAGEMENT & DIRECTORS
18. Porphyry Copper Project
Highland Valley, British Columbia, Canada
CIM Probable Mineral Reserves
(50% Getty South Ownership With In Place Royalty Agreement)
Probable Reserves Grade
Deposit (Millions of Tonnes) Cu, % Mo, %
North 49.691 0.397 0.005
South 36.870 0.405 TBD
Total 86.561 0.400 ---
Approximately 760,000,000 Pounds of Copper Reserves!
GETTY COPPER’S RESERVES
19. Porphyry Copper Project
Highland Valley, British Columbia, Canada
CIM Indicated Resource Estimate
(50% Getty South Ownership With In Place Royalty Agreement)
Indicated Resources Grade
Deposit (Millions of Tonnes) Cu, % Mo, %
North 69.258 0.370 0.005
South 45.148 0.377 TBD
Total 114.406 0.373 ---
Approximately 940,000,000 Pounds of Indicated Copper Resources !
(Over 75% of Indicated Copper Resources are Probable Reserves)
INDICATED RESOURCES
20. Porphyry Copper Project
Highland Valley, British Columbia, Canada
Inferred Resource Estimate
(50% Getty South Ownership With In Place Royalty Agreement)
Inferred Resources Grade
Deposit (Millions of Tonnes) Cu, % Mo, %
North 18.166 0.271 0.005
South 23.593 0.278 TBD
Total 41.759 0.275 ---
Approximately 250,000,000 Pounds of Inferred Copper Resources !
INFERRED RESOURCES
21. LOOKING NORTH FROM TECK’S HIGHLAND VALLEY
COPPER MINE TOWARDS GETTY COPPER PROPERTY
22. • 49 Million Tonnes of Probable Reserves Averaging 0.40% Cu and 0.005% Mo
• 69 Million Tonnes of Indicated Resources Averaging 0.37% Cu
• 18 Million Tonnes of Inferred Resources Averaging 0.27% Cu
• 23 Km (14 Miles) Induced Polarization Survey (I.P.) and 16 Km of Geochemical Survey
• 302 Drill Holes Totaling 55,007 M (180,469 Ft)
• Titan 24 Quantec DCIP and MT Survey
• Detailed Geological Mapping of Deposit and Surrounding Areas
• Computerized Resource Estimation and Projected Initial Pit Design
GETTY NORTH DEPOSIT
23. GETTY NORTH DEPOSIT MODEL
GETTY NORTH DEPOSIT MODEL WITH
INITIAL OUTLINE VIEW LOOKING SOUTHWEST
GETTY NORTH DEPOSIT MODEL WITH
INITIAL OUTLINE VIEW LOOKING SOUTH
GETTY NORTH DEPOSIT
28. (50% Ownership With Royalty Agreement In Place)
• 36 Million Tonnes of Probable Reserves Averaging 0.40% Cu
• 45 Million Tonnes of Indicated Resources Averaging 0.38% Cu
• 23.5 Million Tonnes of Inferred Resources Averaging 0.28% Cu
• 118 Drill Holes Totaling 19,003 M (62,345 Ft)
• Titan 24 Quantec DCIP Survey
• 19 Km (12 Miles ) of I.P. and 13 Km (8 Miles) of Magnetometer Surveys
• 20 Km (12 Miles) of Geochemical Soil Sampling
• 1572 M (5,158 Ft) of Surface Trenching, Outlined Extensive Copper Mineralization
• 45 M (150 Ft) Deep, 2 Compartment Development Shaft Sunk
• 1768 M (5,800 Ft) of Underground Development
GETTY SOUTH DEPOSIT
31. Porphyry Copper Project
Highland Valley, British Columbia, Canada
• 0.40 % Cu – 80 % Sulfide and 20 % Oxide Mineralogy
• Potential By-Products Mo, Au, Ag, and Sodium Sulfate
• 5 M Tonnes Ore Mined Per Annum For A 17 Year Project Life
• Open Pit Mine With 2.6 to 1 Stripping Ratio
• Bulk Cu/Mo Sulfide Flotation and Oxide Tailings Agitated Leach
• Getty Metallurgy is Analogous to and Based on the ASARCO Pima Mill, First
Quantum Kansanshi Mill and BHP Billiton Olympic Dam Mill Industrial Operations
NI 43-101 PRE FEASIBILITY STUDY
32. Porphyry Copper Project
Highland Valley, British Columbia, Canada
• Industrial Nitrogen Species Catalyzed Concentrate Pressure Oxidation Leach With Copper
SX/EW Plant
• Industrial Copper Oxide Flotation Tailings Agitated Sulfuric Acid Leach
• 30,000 Tonnes Per Annum Copper Cathode Metal Design Production Capacity
• 1,125 Tonnes High Purity MoO3 Per Annum Design Production Capacity
• Potential By-Product Silver Via AgCl Precipitation
• Potential By-Product Gold Via Non Cyanide Alkaline Sulfide Hydrometallurgy
NI 43-101 PRE FEASIBILITY STUDY HYDROMETALLURGY
33. Porphyry Copper Project
Highland Valley, British Columbia, Canada
• By Product Sodium Sulfate
• CYTEC ACORGA Solvent Extraction & EW
• Electrodialysis Bipolar Membrane Salt Splitting for Caustic and Sulfuric Acid Internal
Plant Reagent Generation
• EcoTec APU Sulfuric Acid Recovery System
• Selective Molybdenum Recovery With Activated Carbon or Ion Exchange Analogous to
the Climax Molybdenum Colorado Industrial Plant
NI 43-101 PRE FEASIBILITY STUDY HYDROMETALLURGY
35. Porphyry Copper Project
Highland Valley, British Columbia, Canada
• 43-101 PFS CAPEX Estimate $ 385.2 M CDN
• 43-101 PFS OPEX $ 13.90 CDN per Tonne of Ore Mined and Processed to Copper Metal
and Molybdenum Trioxide
• 43 101 PFS Pre Tax NPV = $ 145 M CDN @ 5% Discount and$ 2.99 USD/lb Cu price:
IRR of 10.85 % (Without Cu and Mo Custom Concentrates or Potential Precious Metals
Credits Included)
NI 43-101 PRE FEASIBILITY STUDY ECONOMICS
36. NI 43-101 PFS ECONOMIC SENSITIVITY ANALYSIS
Grade, OPEX and Cu Price Dominate Project NPV (5% Discount Rate Before Tax)
37. % OPEX OPEX NI 43-101 PFS NI 43-101 PFS
REDUCTION CDN/Tonne NPV NAV/Share
0.0 % $ 13.90 $ 144,997,907 CDN$ $ 1.42 CDN$
- 10.0 % $ 12.51 $ 232,484,203 CDN$ $ 2.28 CDN$
- 20.0 % $ 11.12 $ 320,240,945 CDN$ $ 3.14 CDN$
- 30.0 % $ 9.73 $ 412,912,444 CDN$ $ 4.05 CDN$
(43-101 PFS NPV at a 5% discount rate before tax)
(and without full Mo, Au and Ag credits)
NI 43-101 PFS ECONOMIC SENSITIVITY ANALYSIS
Project Financial Sensitivity With Operating Cost Can Be
Readily Lowered With Increased Production Rates
38. O’Hara’s Published Illustrative Industrial Open Pit Mine Operating Cost Data Versus
Mining Rate Curve Economy of Scale - OPEX Drops 20 to 50 % By Raising Production
From 15,000 Tonnes Per Day to 30,000 Tonnes Per Day.
This Is An Example Only And Does Not Necessarily Apply To Any Particular Project.
INDUSTRIAL ECONOMY OF SCALE POSITIVE EFFECT ON OPEX
39. The Proposed NI 43-101 PFS Getty Engineering Design Has An Extra 9,000 Annual Tonnes Of
Cathode Copper And 1,000 Annual Tonnes Of Molybdenum Trioxide Hydrometallurgical
Plant Capacity Available.
Assuming A Conservative 15% Smelting Return On Custom Concentrate Treatment And
Using $2.99USD/Lb. Cu And $15.00 USD/Lb. MoO3 Prices This Represents About An
Additional $13.5 M CDN Of Potential Annual Getty Profit (And Not Including Any Of The
Contained Au And Ag Custom Concentrate Credits).
This Possibly Lowers Opex Nearly 20% By About $2.70 CDN Per Tonne To About $11.20 CDN
Per Tonne And Raises The NI 43-101 PFS NPV By Approximately $180M. $320 M CDN.
CUSTOM CONCENTRATE TREATMENT POSITIVE EFFECT ON OPEX
41. GOOD POTENTIAL FOR INCREASED
HIGHLAND VALLEY COPPER EQUIVALENT ORE GRADE
Bethlehem Mine 1963-1982 Production
96,324,510 Tonnes of ore mined producing;
398,112 Tonnes (877,687,923 lbs.) of Copper
99,827 Kgs (3,209,509 tr oz.) of Silver
1,280 Kgs (41,148 tr oz.) of Gold
851 Tonnes (1,876,239 lbs.) of Molybdenum
The adjacent Bethlehem Mine, in production from 1963
until 1982, annually produced about 5 million tonnes of ore
(i.e. Getty’s NI 43-101 PFS mining rate) containing 1.04 g/T
Ag, 0.013 g/T Au, 0.009% Mo and 0.41% Cu per tonne.
This is evidence of the known occurrence, quantity and
recoverability of additional by-product revenue metals
currently present in Highland Valley Copper’s ores.
42. DEPTH POTENTIAL FOR INCREASED GETTY COPPER
EQUIVALENT GRADE AND RESOURCE TONNAGE
PLACER’S HISTORICAL DIAMOND DRILL PROGRAM
DETERMINED THAT THE BY PRODUCT
MOLYBDENUM AND SILVER WERE REPORTED AS
FOLLOWS IN THE GETTY NORTH DEPOSIT
“THE OVERALL AVERAGE MoS2 PERCENTAGE IN
THE ROCK MASS IS 0.0338%. THE SILVER CONTENT
AVERAGES APPROXIMATELY 0.18 oz./TON.”
43. POTENTIAL FOR INCREASED GETTY COPPER
EQUIVALENT GRADE AND RESOURCE TONNAGE
This is a historical estimate and while indicative of the presence of mineralization of potential value, a qualified person has
not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and the issuer is
not treating the historical estimate as current mineral resources or mineral reserves
Historically, in 1965, CANEX (Placer Development Limited) diamond drilled the Getty North Deposit to a depth of
1516 feet. The Placer diamond drill program confirmed good copper mineralization and calculated an arithmetic
average from all the composite assays of an additional 0.18 Troy oz/Ton Ag and 0.0338% MoS2 values. That led to
their historical estimate of an 0.7% to 0.9 % Copper Equivalent grade of 20 to 60 million tons of estimated sulfide
resource along with an equal or greater amount of heap leachable resources in what is now the Getty North
Deposit.
44. Dr. Morris Beattie P. Eng concluded in his 1997 Independent Flotation Testing of a Composite
of the Getty North Deposit Samples, produced a Very Good Recovery of Copper Bulk
Concentrates that Assayed With Individual Grades as High as:
39.0 % Copper
2.97 g/T Gold
57.80 g/T Silver
0.982 % Molybdenum
This is Evidence of the Occurrence, Possible Quantity and Recoverability of These Additional
By-product Revenue Metals Currently Present in the Getty ores. None of This Potential
Additional Revenue is Accounted for in the Current NI 43-101 Pre Feasibility Study.
GOOD POTENTIAL FOR INCREASED
GETTY COPPER EQUIVALENT ORE GRADE
45. Project Financial Sensitivity With Copper Price
LME Price Is $ 3.72 USD/lb Cu On 1/17/12
NI 43-101 PFS NI 43-101 PFS
Cu Price, USD/lb NPV NAV/Share
$ 2.99 $ 144,997,907 CDN$ $ 1.42 CDN$
$ 3.29 $ 272,070,211 CDN$ $ 2.67 CDN$
$ 3.59 $ 390,266,658 CDN$ $ 3.83 CDN$
$ 3.89 $ 520,903,086 CDN$ $ 5.11 CDN$
$ 4.19 $ 645,000,000 CDN$ $ 6.33 CDN$
(43-101 PFS NPV at a 5% discount rate before tax)
(And without Mo, Au and Ag potential by-product credits.)
NI 43-101 PFS ECONOMIC SENSITIVITY ANALYSIS
.
46. • Copper price is a key economic driver A copper price of $ 2.99 USD/lb used in NI 43-
101 PFS economics.
• Grade of copper and molybdenum is a key economic driver and potential gold and silver
by-product credits would have the effect of increasing a copper equivalent grade.
Possible custom concentrate treatment may also assist in project optimization
• Operating cost per tonne is a key economic driver Potentially Raising mine
production from 15 K tonnes ore per day along with custom concentrate treatment
potentially lowers operating cost per O’Hara’s independently published copper cost
curves.
PROJECT ECONOMIC OPTIMZATION SUMMARY
47. • Getty Highland Valley
Advanced Copper Project
superimposed satellite image
by Peter Walcott & Associates.
• This geophysical and resource
data update now denotes a
large Eastern anomaly between
the Getty North and Getty
South deposits.
• The known Getty West
anomaly is also depicted.
SUBSTANTIAL RESOURCE GROWTH POTENTIAL
50. TITAN 24 QUANTEC GEOPHYSICAL SURVEY
A Titan‐24 DC/IP and MT survey was conducted over the Getty Highland Valley Copper
Project, British Columbia, Canada on Getty Copper Inc. between November 20th and
December 13th of 2010.
In total 12 lines of data were collected (23.2 line‐km DC/IP and 19.2 km MT) with a station
spacing of 100 m.
The survey geometry for the DC/IP component was a pole‐dipole geometry. The line
spacing was 250 m and the lines were located in a staggered fashion over three known
deposits: Getty North, Getty West and Getty South.
The objectives of this survey were to further delineate the geophysical signatures of the
Getty North, Getty West and Getty South deposits and identify potential other features of
interest.
51. TITAN 24 QUANTEC GEOPHYSICAL SURVEY RESULTS
The QUANTEC survey was successful in identifying the Getty North, and South Deposits as
well as the Getty West Zone whereby the overall data quality was high.
Summarizing the results of this survey the following conclusions can be drawn:
• Resistivity distribution (DC & MT) show a succession of curved, sub‐horizontal
conductive features and South‐Southwest‐North‐Northeast faulting trend.
• Chargeability signature is fairly weak except for the known deposits and
appears to be related to the interpreted faulting.
• Getty North is likely composed of two centers, where the western center
extends further northeast in a similar azimuth as the interpreted faults.
Resistivity is moderate‐low.
52. TITAN 24 QUANTEC GEOPHYSICAL SURVEY RESULTS
• Getty West is a near surface (<300 m depth) feature of weak‐moderate chargeability &
moderate‐low resistivity.
• Getty South deposit anomaly is a low resistivity, weak‐moderate chargeability feature
extending to approx. 350 m below the surface.
• In total thirty‐nine (39) geophysical anomalies were identified, of which twelve (12) are
classified as high priority.
• Sixteen (16) anomalies fall in the medium priority classification and eleven (11) are
labeled as low priority.
53. TITAN 24 QUANTEC GEOPHYSICAL SURVEY
HIGH PRIORITY TARGET SUMMARY
61. GETTY NORTH & GETTY SOUTH
DEPOSITS AND I.P. ANOMALIES
62. The Getty West Zone is located 1.4 km to the
southwest of the Getty North Deposit.
As a result of 13.5 line kilometers (8.4 miles) of I.P.
and magnetometer surveying, a large, 1 kilometer
wide I.P. chargeability anomaly was outlined on
the Getty West Zone, which appears to be striking
toward the Getty North Deposit.
A Titan 24 Quantec Geophysical Survey was
completed including the Getty West Zone in
December 2010.
GETTY WEST ZONE ANOMALY
63. The next recommended phase of diamond
drilling will follow up on the porphyry copper
style mineralization intersected in discovery
diamond drill hole GL96-08, which yielded 42
meters (138 ft.) grading 0.26% Cu with .02%
Mo., including 16 meters (53 ft.) grading 0.42%
Cu and 0.025% Mo.
This follow up diamond drilling may possibly
indicate another Highland Valley type porphyry
copper, molybdenum, gold and silver deposit in
the Getty West Zone or that it is a possible
extension of the Getty North Deposit.
GETTY WEST ZONE ANOMALY
65. • Consists of two large intense I.P. chargeability
anomalies.
• The Southwest anomaly measures 1,200m
(3,900 ft.) by 2,100 m (6,900 ft.) occurs in an
area of favorable geology of Highland Valley
phase , Guichon granodiorite intruded by
Bethlehem phase porphyritic granodiorite.
• The large Northwest anomaly measures
2,600m (8,500 ft.) by 3,000m (9,800 ft.)
NORTH VALLEY ZONE I.P. ANOMALIES
66. The two large IP anomalies are shown as the
Glossie Zone which historical reports state
that in 1915, 19.8 tonnes (21.8 tons) of
hand-selected ore from two shafts was
shipped to the Tacoma smelter.
Assay returns on that ore were 0.94 grams
per tonne (0.03 ounce per ton) gold; 86.25
grams per tonne (2.76 ounces per ton) silver;
and 12.62 per cent copper.
GLOSSIE ZONE ANOMALIES
67. ENVIRONMENTAL ASSESSMENT AND PERMITTING
• Environmentally friendly floatation concentrator with an oxide tailings leach process
• NSC bulk flotation concentrate pressure leaching and agitated vat leaching of flotation tailings
with SX-EW processing is utilized to produce 99.99% pure copper cathodes and molybdenum
trioxide. These closed circuit hydrometallurgical processes are environmentally friendly.
• Consultation meetings held with the First Nations, the City of Kamloops, the communities of
Ashcroft, Merritt and Logan Lake
• Large active mining area adjacent to Teck’s Highland Valley Copper Ltd.
• Active clear cut logging on the property
• No salmon rivers, streams or lakes
• Adjacent to both the Highland Valley Copper Mine infrastructure and Bethlehem Copper mine
site
68. • Land use plan: mining and other resource based industries permitted.
• Getty Property is in a large, existing active major mining area.
• Extensive clear-cut logging on the property.
• Hydrometric Studies completed on streams and creeks.
• Environmental base line study, completed by Gartner Lee Ltd.
• No salmon rivers or lakes on the property.
• Adjacent to the Valley, Lornex and Bethlehem Copper tailings ponds and mine sites.
ENVIRONMENTAL CONSIDERATIONS
70. 1 Chile 3,356,600 38% of World Supply
2 Peru 1,107,789
3 China 940,000
4 Australia 833,000
5 United States 801,000
6 Russian Federation 750,000
7 Indonesia 632,600
8 Canada 606,999
9 Poland 429,000
10 Kazakhstan 420,000
11 Zambia 383,000
12 Islamic Republic Of Iran 241,000
13 Brazil 206,000
14 The Democratic Republic Of Congo 189,000
15 Mexico 172,093
WORLD MINE PRODUCTION, BY COUNTRY (METRIC TONNES)
United States Geological Survey (USGS) Minerals Resources Program, 2008
72. ALL ABOUT CHINA IN COPPER
Source: ICSG, IMF, Macquarie Research, January 2012
Chinese and world copper demand in the
historical context
0
2500
5000
7500
10000
12500
15000
17500
20000
1900
1905
1910
1915
1920
1925
1930
1935
1940
1945
1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
2010
'000tcopper
China World Ex-China World
Copper consumption per person
0.0
1.0
2.0
3.0
4.0
5.0
6.0
1950
1954
1958
1962
1966
1970
1974
1978
1982
1986
1990
1994
1998
2002
2006
2010
kgcopper/capita
China World ex-China World average
MACQUARIE CAPITAL (EUROPE) LIMITED
73. COPPER SUPPLY TIGHTNESS DRIVEN BY
A LACK OF CHINA SUPPLY RESPONSE
• CHINA CAN MEET ONLY ONE-THIRD OF ITS COPPER DEMAND (FROM CONCENTRATE AND SCRAP).
• NON-CHINESE PRODUCTION HAS NOT RESPONDED TO PRICE INCENTIVE OVER PAST SIX YEARS.
Change in global copper mine supply and
average LME price
3.8%
2.6%
-0.9%
0.7%
7.3%
1.8%
1.4%
2.8%
1.3%
1.7%
1.3%
0.6%
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
7%
8%
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011f
minesupply:%changeyoy
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
LMEprice:$/tonne
% change YoY (mine supply) LME cash price
Source: Antaike, ICSG, Brook Hunt, LME, Macquarie Research, January 2012
Chinese domestic copper supply and
demand
0
1000
2000
3000
4000
5000
6000
7000
8000
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
'000tcontainedCu
Domestic mine production and scrap generation
Consumed
74. COPPER SUPPLY NEEDS TO GROW FASTER THAN DEMAND
INCREASES DUE TO DEPLETIONS AT EXISTING OPERATIONS
10
15
20
25
30
35
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
RecoverableMineCopper-Mt
Base Case Mine Production Highly Prob. & Prob. Brow nfield Projects
Highly Probable Greenfield Probable Greenfield Projects
Other identified Projects Demand for Mine Production
Source: Brook Hunt – A Woodmac Company, Macquarie Research, January 2012
MACQUARIE CAPITAL (EUROPE) LIMITED
75. GLOBAL COPPER MINE OUTPUT CONTINUES
TO FALL SHORT OF EXPECTATIONS…
-1.5
-1.0
-0.5
0
2007 2008 2009 2010 2011
mtonnescoppercontained
-9%
-6%
-3%
0%
%ofglobalmineoutput
LHS: volume terms RHS: proportional terms
Source: CRU, Wood Mackenzie, Macquarie Research, January 2012
SHORTFALL IN GLOBAL MINE OUTPUT COMPARED WITH FORECASTS MADE ONE YEAR PREVIOUSLY
Page 75
MACQUARIE CAPITAL (EUROPE) LIMITED
76. ANALYSIS OF CHILEAN COPPER MINE PRODUCTION
RUNNING HARDER TO STAND STILL…
Chilean copper mine production, 2000-2011E
0
1000
2000
3000
4000
5000
6000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Copper(kt)
Capacity That Existed in 2000 Brownfield expansions carried out since 2000
New Mines added since 2000 Highly Probable Projects
Probable Projects Possible Projects
Actual
EXISTING CHILEAN MINES WILL LOSE
ANOTHER 1MTPA OF PRODUCTION
BETWEEN NOW AND 2020
DUE TO RESERVE AND GRADE DEPLETION
Source: WoodMac, Macquarie Research, January 2012
mt copper 2004-11
2004 2011E Change
Capacity that existed in 2000 4.77 3.80 -0.97
Brownfield expansions 0 0.80 0.80
Greenfield expansions 0 0.70 0.70
Actual production - total 4.77 5.30 0.53
MACQUARIE CAPITAL (EUROPE) LIMITED
77. HEAD GRADES ARE
FALLING IN MOST METALS
FALLING GRADES REFLECT AN END OF TEMPORARY HIGH-GRADING,
LOWER-QUALITY ORE DEPOSITS AND RESERVE DEPLETIONS AT BETTER ORE BODIES.
SOURCE: BROOK HUNT – A WOOD MACKENZIE COMPANY, DERIVED FROM DEMENC DATA, MACQUARIE RESEARCH, JANUARY 2012.
Average head grade at copper mines
0.90
0.95
1.00
1.05
1.10
1.15
1.20
1.25
1.30
1.35
2000 2005 2010 2105F 2020F 2025F
%copper
Cu
Average head grade at lead and zinc
mines
5.0
5.2
5.4
5.6
5.8
6.0
6.2
6.4
6.6
6.8
7.0
2000 2005 2010 2105F2020F2025F
%zinc
1.5
1.7
1.9
2.1
2.3
2.5
2.7
2.9
%lead
Zinc (LHS)
Lead (RHS)
Average grade of nickel saprolite ore
mined in New Caledonia
2.2%
2.3%
2.4%
2.5%
2.6%
2.7%
2.8%
2.9%
3.0%
200020012002200320042005200620072008200920102011
%Ni(dry)12MMA
78. LEFT CHART: ROBIN BAHR, CREDIT AGRICOLE, GLOBAL COPPER MARKET TRENDS 2011-12 FOR THE ICSG ENVIRONMENTAL & ECONOMIC COMMITTEE
MEETING, 14TH APRIL 2011
ESCONDIDA & GRASBERG DATA FROM RIO TINTO OPERATION REVIEWS Q4 2002-10
GLOBAL AVERAGE COPPER MINE
HEAD GRADE, 1978-2018
1.00%
1.50%
2.00%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Escondida (Concs)
0.75%
1.00%
1.25%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Grasberg
Average global grade decline:
~0.015% /year~0.15%/decade
Average decline: ~0.05% /year
Average decline: ~0.017% /year
83. 1. OPEN PIT MINABLE ADVANCED DEPOSIT WITH GOOD RESOURCES AND POSSIBLE BY-PRODUCT
CREDITS COULD INCREASE POTENTIAL
2. CLEAN DEPOSIT MINERALOGY (E.G. PRIMARY ARSENIC MINERALIZATION ABSENT)
3. NI 43-101 PRE FEASIBILITY STUDY ALREADY COMPLETED WITH A HIGH PERCENTAGE OF PROBABLE
RESERVES ESTABLISHED FROM MEASURED & INDICATED RESOURCES
4. FAVORABLE NORTH AMERICAN LOCATION DESIRED WITH ESTABLISHED LOCAL MINING
5. LOCAL ABUNDANT AVAILABLE WATER, ENERGY, INFRASTRUCTURE AND TRANSPORTATION
6. PROJECT IS WELL DEVELOPED AND COMPANY IS POSSIBLY UNDERVALUED WITH NO MAJOR
PARTNER YET ACTIVELY INVOLVED
PROPOSED GLOBAL COPPER PROJECT
INVESTMENT CHOICE CRITERIA
85. CIBC WORLD MARKETS US/CANADA
EARLY STAGE OPEN PIT COPPER PROJECTS ARE CIRCLED THAT HAVE BOTH
AN NI 43-101 COMPLIANT PRE FEASIBILITY STUDY AND PROBABLE RESERVES
86. • PROPERTY LOCATED IN AN ACTIVE MAJOR PRODUCING MINING DISTRICT WITH SIGNIFICANT WELL
DEFINED COPPER RESOURCES
• OVER 80% OF THE COMBINED INDICATED RESOURCES ARE CLASSIFIED AS CIM PROBABLE RESERVES
• LARGE PROPERTY WITH MANY CLEARLY DELINEATED IP ANOMALIES AND EXPLORATION TARGET
RESOURCE AND RESERVE EXPANSION POTENTIALS.
• LOCATED IN A POLITICALLY STABLE REGION WITH EXTENSIVE INFRASTRUCTURE ENERGY AND
TRANSPORTATION AVAILABLE
• UTILIZES INDUSTRIALLY PROVEN METALLURGICAL TECHNOLOGY WITH ADDITIONAL CUSTOM
CONCENTRATE TREATMENT CAPACITY DESIGNED IN
GETTY ADVANCED COPPER PROJECT SUMMARY
AN ADVANCED HIGHLAND VALLEY COPPER PROJECT !
87. ADVANCED
HIGHLAND VALLEY
COPPER PROJECT
Getty Copper Inc.
1000 Austin Avenue
Coquitlam, British Columbia
Canada V3K 3P1
Tel: (604) 931-3231
Fax: (604) 931-2814
E-mail: getty@telus.net
JUNE 16, 2016
Notas del editor
The problem is those maturing regions we were talking about and in particular the maturing mines in those regions.This is most visibly expressed through “ore grade decline” – a phrase that copper analysts have become increasingly used to. As you can see global average copper grades have declined about 0.015% per year for the last 20 years.This doesn’t sound a lot, but bear in mind we were starting from just short of 1.5% in the first place – in effect this is a 1% decline per year or 10% per decade.The spike in the graph is caused by the giant Escondida and Grasberg mines coming on stream in the early 90s, so it seems appropriate to look at these two mines in more detail.We can see that through the 2000s both have suffered severe grade decline, with grades declining about 25% over the decade at both Escondida and Grasberg.