B.C. s Next Copper & Zinc Producer

Transcription

1 WKM WKM :: TSX.V TSX.V B.C. s Next Copper & Zinc Producer April 18, 2007 Minerals North 2007 Terrace, BC John Goyman Vice President of Construction & Operations

2 Forward Looking Statements This document may contain "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management s expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed form time to time in the Company s interim and annual financial statements and management s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forwardlooking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

3 Location Smithers 3

4 Longitudinal Section 4

5 Pierce Point Model 204 drill holes 14 drill holes 69 drill holes 5

6 Proposed Site Plan 6

7 Proposed Mine Annual Throughput 1,500,000 Tonnes / year Recovery 90% Copper 75% Zinc 31% Cu Concentrates Copper 3.5 g/t Au Zinc 55% Zn 325 g/t Ag Million pounds per annum Ounces per annum Metal Production 60 Cu 75 Zn 7,600 Au 800,000 Ag Employees 200 7

8 Concentrate 8

9 Project Development Timeline 9

10 Management John McConnell President & CEO Robin Johnstone VP-Environmental & Government Affairs John Goyman VP-Construction & Operations Brian Butterworth VP-Business Development & Corporate Communications David Douglas CFO Kim Horrocks Manager Permitting Jack Haynes Manager Operations Mike Padula Manager Engineering Chelsea Qin Manager ER Peter Holbek Consulting Geologist Rob Wilson Senior Geologist Anja Weiss Geologist 10

11 2007 Field Program 1. Resource - A resource drill has been secured with DJ Drilling for a 5000m program - Heli support has been contracted to Quantum Helicopters - Program will commence in June 2. Geotechnical - A geotech drill has been secured with Geotech Drilling - An excavator has been secured with TNDC to conduct test pitting (~150 pits) to support the feasibility study and detailed design 3. Access Road - All North has been contracted to provide detailed design in support of the EA - Surveying, line cutting, crossing assessment and borrow material analysis will be conducted 4. Environment - Ongoing environmental monitoring and fisheries/ archeology studies around access road realignment to support EA 5. Camp - Weatherhaven 40 man camp has been purchased and will be installed in early June - STP addition & Genset upgrade Business relationships are being established in Smithers, Terrace and Dease Lake to support the 2007 program as well as on into construction and operations. Approximately 75% of this programs +$4m in expenditures is with regional businesses. 11

12 Producing end of 2009 Annual production; 60 million pounds of Cu in concentrate 75 million pounds of Zn in concentrate Clean marketable concentrates Low cost open pit mining Experienced Management Team in place Summary Ongoing consultation with Aboriginal, Provincial and Federal Governments as well as the general public 12

13 WKM WKM :: TSX.V TSX.V B.C. s Next Copper & Zinc Producer