YTC Resources is focussed on the development and exploration of the high grade Hera-Nymagee Project in the Cobar district of NSW.

The Company has now released the findings of the Definitive Feasibility Study (DFS) on the Hera gold and base metal deposit as Stage 1 of the development of the Hera-Nymagee Project. Stage 2 of the Feasibility study will look at the integration of the larger Nymagee copper deposit, located 4.5km to the north of Hera.

The Hera DFS has demonstrated a financially robust and technically feasible mining and processing operation. In the first stage, the Hera deposit will be mined by shallow underground methods producing gold and silver doré bars and a bulk lead-zinc concentrate for sale.

The maiden Nymagee Resource Estimate demonstrated Nymagee contained 96,000t Cu, 27,000t Pb, 53000t Zn and 2.2MOz Ag, with the mineralisation remaining open to the north and at depth.

YTC is actively drilling the evolving copper deposit at Nymagee with the potential that the Nymagee mineralisation may evolve into another ‘Cobar Giant’ similar to the world class CSA copper deposit located approximately 100km north-west along strike.

YTC also remains active in the exploration for copper, gold and tin on a number of tenements in the Lachlan Fold Belt of NSW.

1. HERA GOLD PROJECT

The Hera deposit is an advanced, high grade gold deposit with base-metal credits capable of generating high margin production revenues.

The Company’s focus is the development and ongoing exploration of the Hera-Nymagee Project, which includes the high grade gold and base metal Hera deposit and the emerging high-grade copper discovery at the nearby Nymagee copper deposit.

The Hera-Nymagee Project is located about 100kms SE of Cobar in western NSW and the deposits represent typical “Cobar Style” ore systems, which have a strong historical precedent for large scale, high-grade, long life mining operations.

YTC completed the Hera Definitive Feasibility Study (DFS) in September 2011 and is progressing development and feasibility programmes with a view to incorporating the Hera and Nymagee copper ore into a combined operation producing gold, copper, silver, lead and zinc. In the near term, the Hera deposit represents a high margin, mining and processing operation producing gold and silver bars and a bulk lead-zinc concentrate for sale.

The 95% owned Nymagee deposit is emerging as one of the most exciting copper discoveries in Australia in recent times. Following discovery of high-grade copper beneath the historic mine in October 2010, YTC released its maiden Nymagee Resource Estimate in December 2011 with a contained 96,000t Cu, 27,000t Pb, 53000t Zn and 2.2MOz Ag.

The Nymagee system remains open to the north and at depth, and holds strong analogies to the world-class CSA copper system, located 90km along strike. CSA, like other Cobar Basin mineral systems has extensive depth persistence and extends to >2km depth.


Nymagee  Copper Deposit

The Nymagee Copper Deposit includes the historic Nymagee Copper Mine, where YTC is aggressively evaluating an emerging high-grade copper discovery.

Exploration results to date continue to indicate a very large copper system, with high grade copper lenses now extending to >500m vertical depth and remain open at depth and to the north.

The mineralisation at Nymagee also includes very broad, strong copper sulphide mineralisation at open-pittable depths.

Mr. Anthony Wehby
Chairman

Anthony Wehby is a Fellow of the Institute of Chartered Accountants in Australia. He was a partner with PricewaterhouseCoopers Australia (Coopers & Lybrand) for 19 years until 2000, during which time he specialised in the provision of corporate finance advice to a wide range of clients including those in the mining and exploration sectors.

Since 2001, Mr Wehby has maintained a financial consulting practice, advising corporate clients considering significant changes to their business activities. His current activities include advice in respect of mergers, acquisitions and disposals, initial public offerings and fundraisings, valuation assessments and investment strategy support.

He is also a director of Tellus Resources Limited and was previously a director of Harmony Gold (Australia) Pty Ltd.

Mr. Rimas Kairaitis
Director and Chief Executive Officer

Rimas Kairaitis is a geologist with over 16 years experience in minerals exploration and resource development in gold, base metals and industrial minerals in Queensland and NSW, working with companies including Shell Minerals, Plutonic Resources, and CRA.

Mr Kairaitis has extensive experience in tenement acquisition, exploration project management and mining feasibility as well as experience in capital raisings and corporate management.
He was a founding Director of the successful mineral exploration company LFB Resources NL (now a subsidiary of Alkane Exploration Ltd). Since 1999 he has worked as a geological consultant. Mr Kairaitis has a strong exploration track record, leading the geological field team to the discovery of the Wyoming Gold deposit in NSW in 2001 and the McPhillamy’s Gold Deposit in 2006.

He graduated with a Bachelor of Applied Science (Geology) with first class Honours and University Medal in 1992 from the University of Technology, Sydney. He is also a member of the Australian Institute of Mining and Metallurgy.

Mr. Stephen Woodham
Non-Executive Director

Stephen Woodham has over 15 years experience in the mining and exploration industry in Western Australia and New South Wales specialising in field logistics and support and land access in rural and remote environments. He also has a successful track record of tenement acquisition, mining investment and commercial and cross-cultural negotiation.

As a founding director of LFB Resources Limited, Mr Woodham negotiated the purchase of an extensive tenement portfolio from Rio Tinto in 1996 and later negotiated joint ventures with Sumitomo and AngloGold prior to the takeover of LFB Resources in 1999.

Since 1999, Mr Woodham has worked as a consultant specialising in logistics, tenement acquisition and land access throughout NSW. During this time Mr Woodham was a founder and principal of the successful field logistics business, Southern Cross Technical & Field Services which is based in Orange, NSW.

Mr Woodham was a founding director of Centaurus Resources Ltd.

Mr. Robin Chambers
Non-Executive Director

Robin Chambers is a lawyer with over 30 years experience in the resources sector. He is the Senior Partner of Chambers & Company, an international law firm based in Melbourne, and Special Counsel – China for its affiliate, the New York law firm of Chadbourne & Parke, which has its China office in Beijing.

Mr Chambers’ practice involves acting as the lead lawyer on international projects, with a particular focus on China.

Mr Chambers has advised a number of major Chinese state owned enterprises on their investments in Australia over more than 22 years, including Sinosteel Corporation, CITIC, Sinotrans, Everbright, Ministry of Geology & Resources (now Ministry of Land and Resources) and many of China's leading steel mills. He has also advised Australian and US corporations on a range of projects in China.

Prior to becoming the Senior Partner at Chambers & Company, he was General Counsel of CRA Limited (now Rio Tinto Limited) for 14 years and before that was an associate with Baker & McKenzie in Chicago and Chadbourne & Parke in New York.

Mr Chambers graduated with an Arts degree and an Honours Law degree from the University of Melbourne and with a Master of Laws degree from Duke University in the United States. He was co-founder of the Australian Mining and Petroleum Lawyers Association (AMPLA) and was previously a board member of the Australia China Council. He has been a member of the Executive Committee of the Australia China Business Council since 1986 and formerly a Vice President of the Victorian branch. He is also a member of the advisory board of the International Centre of Excellence in Asia-Pacific Studies at the Australian National University. He has been the Chairman or Director of a number of public and private companies in Australia and China, including Chinese holding companies for their investments in Australia.

Mr. Richard Hill
Non-Executive Director

Richard Hill has over 15 years experience in the resource industry as both a solicitor and a geologist. He initially worked for the law firm, Clayton Utz, practising in commercial, corporate and resources law and litigation.

Over the past 10 years, Mr Hill has worked as a geologist for several major Australian mining companies and most recently, as a founding director of two successful ASX-listed companies, Moly Mines Limited and Siberia Mining Corporation Limited (now Monarch Gold Mining Company Limited). During that time he gained a diversity of practical geological experience as a mine based and exploration geologist in a range of commodities and rock types throughout Australia. In his commercial and legal roles, he has been involved in project generation and evaluation, acquisition and joint venture negotiation, company secretarial tasks, mining law and land access issues as well as local and overseas marketing and fund raising.

Mr Hill’s professional associations include membership of the Australian Institute of Mining and Metallurgy, The Financial Services Institute of Australia (formerly the Securities Institute of Australia), the Geological Society of Australia and President of the University of Western Australia Geology Alumni. Mr Hill’s qualifications are B.Juris, LLB., B.Sc. (Geology) (First Class Honours), ASIA.

Mr Hill is a founding director of Centaurus Resources Ltd.

Ms. Christine Ng
Non-Executive Director

Ms Christine Ng is an Executive Director of China Yunnan Tin Minerals Group Co. Ltd (Hong Kong Stock Exchange), which is a major shareholder of YTC Resources Limited. Ms. Ng’s role with China Yunnan Tin Minerals Group includes liaisons and analysis of proposals and business plans, formulation and implementation of business strategies, feasibility studies, presentations and meetings with investors.

Ms Ng has a Bachelor of Economics from the University of Sydney and is fluent in English and Chinese.

Dr. Wenxiang Gao
Non-Executive Director

Wenxiang Gao has had over 20 years experience as a senior mining engineer in China. He graduated as a Master of Mining Engineering from the Mining Academy of Kunming and University of Science and Technology. Dr Gao recently completed his doctoral degree at the Mining Academy of South Central University, China.

Dr Gao commenced work with Yunnan Tin Group in 1984, becoming the Assistant to the General Manager of Yunnan Tin Group and later the Vice General Manager from October 1995 to September 2001. He was appointed Executive Deputy General Manager and a Director of Yunnan Tin Group in 2001. In 2009, Dr Gao was appointed General Manager of Yunnan Tin Group. In addition, Dr Gao is Vice-Chairman of Yunnan Tin Co. Ltd which is listed on the Shenzhen Stock Exchange. His professional associations include Vice-Chairman of the Nonferrous Geology Association of China and Vice-Chairman of the Geology Education Association of China.

Mr.Richard Willson
Company Secretary

Richard is an accountant with more than 16 years experience.

Mr Willson has a bachelor of Accounting from the University of South Australia, is a member of CPA Australia, and is a member, and graduate, of the Institute of Company Directors Graduate Diploma Program. Richard is a founding member of the AICD Emerging Directors Committee – by invitation.

He has worked in public practice and in various financial management and company secretarial roles within the resources and agricultural sectors for both publicly listed and private companies.

In addition to his role as Chief Financial Officer and Company Secretary with YTC Resources Ltd, Mr Willson is a Director of the ASX listed Tellus Resources Ltd, a Director of Taronga Mines Ltd and Director and Company Secretary of the not for profit Unity Housing Company.

Mr Willson was previously Chief Financial Officer and Company Secretary of ASX listed companies Flinders Mines Ltd, Maximus Resources Ltd and ERO Mines Ltd. He acted as an alternate director for Flinders Mines Ltd and Maximus Resources Ltd and was heavily involved with the Eromanga Uranium Ltd IPO which later became ERO mines Ltd.

As CFO and Company Secretary of the privately owned company Sydac Pty Ltd, he was instrumental in its sale to a large global company. Richard has worked in senior financial roles within the BHP Billiton group and was the Finance Manager and Company Secretary for the Provimi Australia and Jumbuck Pastoral groups. He has also acted a director for a number of private companies. 

Mr. Dean Fredericksen
Chief Operations Officer

Dean Fredericksen has over 20 years experience in the base metal and gold mining industry and has largely been in Geology management positions holding the following positions; Mine Geology Manager, Tritton Copper Mines, Principal Geologist, Newcrest Mining Ltd, Cadia Valley Operations, Group Mine Geologist for MPI Mines Ltd, Chief Geologist at Stawell Gold Mines. During this time Dean has developed a thorough understanding of the key technical and economic drivers to the successfully developing and operating mining projects.

In 2007 Dean set up Fredericksen Geological Solutions Pty Ltd to provide consulting services to the mining industry including technical due diligence studies for potential project purchases, mentoring to mine geological personnel, geological consulting advice and management support to a variety of gold and base metal projects in Australia, New Zealand, China, USA and the Philippines as well as completing a number of Mineral Resource estimation projects for a growing list of clients.

His experience includes reporting as competent person (JORC and NI43-101) on Mineral Resource estimates for a variety of geological terrains epithermal gold and silver, porphyry Cu-Au deposits, nickel sulphides and mesothermal gold and base metal systems. Dean has participated in mining project evaluation and planning programs from concept through to feasibility studies for open pit operations, underground caving operations and underground bench stoping operations as well as resource evaluation and technical advice for various exploration and acquisition projects. Dean has had responsibility for geotechnical evaluations and has expertise in mineral resource estimation, quality control and quality assurance programs and worked with mining and metallurgical personnel to optimise metal extraction.

Dean graduated with an MSc (Hons) in Earth Sciences from the University of Waikato NZ.

Mr. Sean Pearce
General Manager – Hera Gold Project

Sean Pearce is a Mining Engineer who has over 23 years experience working in the base metals and gold mining industry in Australia. Sean has held senior technical and operational roles for a number of companies  including Mining Manager at Newgold‘s Peak operation in Cobar, Mining Manager at Zinifex’s Rosebery Mine in Tasmania, Underground Manager and Technical Services Superintendent at Xstrata’s George Fisher Mine in Mt Isa,  and Mine Superintendent for Xstrata’s Deep Copper Mine in Mt Isa. Sean has also worked for such companies as Pasminco, Pancontinental Resources and MIM in more junior technical roles.

Sean has extensive experience in the development and management of deep underground mines using narrow vein bench stoping to large scale open stoping mining methods. During his career he has had considerable contractor management experience having been responsible for the implementation of a number of underground mine expansion projects. His experience also includes reporting as the competent person  (JORC and NI43-101) on Mineral Reserve estimates for gold and base metal deposits and is a member of the AUSIMM.

Sean graduated from the University of Queensland with honours in Mining Engineering in 1987 and recently completed a Masters in Professional Accounting from the University of Southern Queensland.