Mario Caron, President & CEO Aldridge Minerals Inc. TSX-V: AGM June 2013

Transcription

1 Mario Caron, President & CEO Aldridge Minerals Inc. TSX-V: AGM June

2 30M Tonnes GOLD, SILVER, COPPER, LEAD, ZINC KNOWN MINERALIZED OUTCROPS <2KM FROM DEPOSIT 2

3 ALDRIDGE: THE EXCEPTION TO THE RULE? A"er- Tax NPV7% A"er- Tax IRR Payback Cash on Hand1 NAV/Share2 $361M 23.7% 2.8 Years $14M $4.01 CASHED UP JUNIOR ROBUST PROJECT MANAGEABLE SIZE 1 As at March 31, A/er- tax NPV 7% of $361M / 90.0M fully diluted shares outstanding 3

4 YENIPAZAR LOCATION Istanbul Alamos Gold Agi Dag Eldorado Efemcukuru Eldorado Kisladag Ankara YENIPAZAR Kayseri Inmet Cayeli Koza Gold Mastra Alacer Copler Iskenderun TURKEY IS EMERGING AS A MAJOR MINING AREA 4

5 YENIPAZAR AERIAL VIEW IDEAL FOR OPEN PIT UPSIDE POTENTIAL CAMP OUTCROPS EGLENCE VILLAGE PLANT EXCELLENT INFRASTRUCTURE PIT WRD TMF Himmetdede rail station (74km) 5

6 FEASIBILITY STUDY: KEY ASSUMPTIONS Open Pit Mine Throughput: 2.5M TPA EPCM basis Owner- operated mining Metal Pricing Feasibility Study Spot* Gold ($/oz) $1,450 $1,385 Silver ($/oz) $28 $22 Copper ($/lb) $3.00 $3.24 Lead ($/lb) $0.95 $0.98 Zinc ($/lb) $0.90 $0.84 * As at June 10,

7 RESOURCE & RESERVE ESTIMATES Resource Es\mate: November 26, 2012* Contained Metal Category Tonnage Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) Au (M oz) Ag (M oz) Cu (M lbs) Pb (M lbs) Zn (M lbs) Indicated 29,669, Inferred 369, Reserve Es\mate: April 3, 2013** Contained Metal Probable Reserves Tonnage Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) Au (M oz) Ag (M oz) Cu (M lbs) Pb (M lbs) Zn (M lbs) Oxide 3,212, Cu- Enriched 2,491, Sulphide 23,463, TOTAL 29,166, * See press release dated November 26, 2012 for full details and cautionary language. Resources are inclusive of reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. **See press release dated April 3, 2013 for full details and cautionary language. 7

8 CAPITAL COST & SUSTAINING CAPITAL Capital Cost US$ millions Mine Development, Plant & Equipment Mine development $20 Mine equipment $41 Process plant equipment $55 Process plant & infrastructure $119 Tailings facility $37 Power transmission $4 Water management $2 Total $278 Owner s cost (including land acquisizon) $31 EPCM $36 ConZngency (11%) $37 Sustaining Capital US$ millions Mining Equipment $22 Tailings Management $12 Closure $24 Total $58 Sustaining Capital Timing Mining Equipment Years 1 & 7 Tailings Management Year 3 Closure Year 12 Total pre- produc\on CAPEX $382 8

9 OPERATING COST Opera\ng Costs* $/tonne of ore Mining** $11.15 Processing $16.36 Tailings/water management $0.36 G&A $1.26 Total OPEX $29.13 SHALLOW OREBODY, OPEN PIT = LOW OPERATING COSTS *LOM average cost. **LOM strip ratio 4.3:1 9

10 OUTLINE OF THE PROCESS FLOWSHEET Crushing Grinding and ClassificaZon PROVEN TECHNOLOGY Gravity Circuit FlotaZon Tail Gold Leaching (Doré) Cu FlotaZon Pb FlotaZon Zn FlotaZon 10

11 SULPHIDE RECOVERIES* Metal Total Recoveries Doré Copper / Gold Concentrate Lead / Silver Concentrate Zinc Concentrate Gold 88% 59% 11% 15% 3% Silver 84% 4.50% 15% 54% 10.50% Copper 72% 72% Lead 72% 72% Zinc 56% 56% SIGNIFICANT IMPROVEMENT SINCE PEA *Sulphide ore makes up 80% of reserves. 11

12 PRODUCTION Gold (oz) Silver (M oz) Copper (M lbs) Lead (M lbs) Zinc (M lbs) Life of Mine 696, Average Annual 1 62, Years

13 DEVELOPMENT TIMELINE Feasibility Study EIA / ESIA Land AcquisiZon Permigng Project Finance Award EPCM Detailed Engineering ConstrucZon Commissioning/Ramp Up ProducZon Stakeholder Engagement Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 H1 H2 H1 H2 13

14 STRATEGIC LOCAL PARTNER: ANT HOLDING Private holding company with interests in media, engineering, construczon $11.2 million investment April 2012 $4.5 million investment February 2013 Strong relazonships with local banking & government contacts 30% OWNERSHIP OF ALDRIDGE ACCELERATES PATH TO DEVELOPMENT STAGE 14

15 EXPERIENCED BOARD & MANAGEMENT BOARD Barry Hildred, Chairman Daniella Dimitrov John F. Cook Ed Guimaraes Ahmet Tacyildiz Hande Tacyildiz Meric Oktar Baran Baycan Mike Widmer MANAGEMENT Mario Caron, President & CEO & Director Robbert Borst, VP Project Development Jim O Neill, CFO Dr. MarZn Oczlon, VP Explora:on Serdar Akca, Country Manager David Carew, Director, IR 15

16 CAPITAL STRUCTURE* Shares Outstanding: Fully diluted: Director/Insider ownership: ~36% 84.7 million 90.0 million 52 week range: $ $0.71 Recent price: $0.24 Market Cap: $20 million Top insztuzonal holders: Mavi, Goodman, US Global, Colonial, Sprop Analyst coverage: Paradigm Capital Clarus SecuriZes CLEAN CAPITAL STRUCTURE AND STRONG BALANCE SHEET * As at June 1,

17 SIGNIFICANT UPSIDE POTENTIAL Explora\on Excellent potenzal to further expand the resource Limited blue sky explorazon to date on large land package Metallurgy PotenZal to increase gold, silver, and lead recoveries in sulphide ore VMS 100km 2 Land Package Deposits appear in clusters 17

18 INVESTMENT HIGHLIGHTS Aldridge brings together robust economics & blue- sky potenzal Polymetallic project = natural hedge Safe, mining friendly jurisdiczon Experienced management team Strategic local partner & supporzve shareholders A"er- Tax NPV7% A"er- Tax IRR Payback Cash on Hand1 NAV/Share $361M 23.7% 2.8 Years $14M $

19 19

20 DETAILED FLOWSHEET: Yenipazar CRUSHING Property Map COPPER CIRCUIT 20

21 DETAILED FLOWSHEET: Yenipazar LEAD Property & ZINC Map CIRCUITS 21

22 RECOVERIES BY ORE TYPE Sulphide 80% Of Reserves Copper- Enriched 9% Of Reserves Oxide 11% Of Reserves Metal Total Recoveries Doré Copper / Gold Concentrate Lead / Silver Concentrate Zinc Concentrate Gold 88% 59% 11% 15% 3% Silver 84% 4.50% 15% 54% 10.50% Copper 72% 72% Lead 72% 72% Zinc 56% 56% Gold 75% 53% 4% 10% 8% Silver 52% 6% 13% 21% 12% Copper 47% 47% Lead 35% 35% Zinc 34% 34% Gold 67% 60% 7% Silver 50% 45% 5% Copper 0% Lead 29% 29% Zinc 0% SIGNIFICANT IMPROVEMENT SINCE PEA 22

23 LONGITUDINAL SECTION 23

24 SENSITIVITIES PROJECT IS ECONOMICALLY VIABLE ACROSS MULTIPLE SCENARIOS 24

25 TURKEY INCENTIVE PLAN BY REGION Incen\ve Component * 6 VAT ExempZon P P P P P Customs Duty ExempZon P P P P P Investment ContribuZon Rate (%) Tax Rate ReducZon (%) ExempZon on Social Security Premium Support 2 yrs 3 yrs 5 yrs 6 yrs 7 yrs 10 yrs Land AllocaZon P P P P P Interest Support N/A N/A P P P SIGNIFICANT IMPACT ON ECONOMICS * Yenipazar is located in Region 5 25

26 FORWARD-LOOKING STATEMENTS Certain statements in this presentazon consztute forward- looking statements or forward- looking informazon within the meaning of applicable securizes laws ( forward- looking statements ). Any statements that express or involve discussions with respect to prediczons, expectazons, beliefs, plans, projeczons, objeczves, assumpzons, potenzal future events or performance (o/en, but not always, using words or phrases such as believes, expects plans, eszmates or intends or stazng that certain aczons, events or results may, could, would, might, will or are projected to be taken or achieved) are not statements of historical fact, but are forward- looking statements. Forward- looking statements relate to, among other things, all aspects of the development of the Yenipazar project in Turkey and its potenzal operazons and produczon; the outcome and Zming of decisions with respect to whether and how to proceed with such development and produczon; the Zming and outcome of any such development and produczon; eszmates of future capital expenditures; mineral resource eszmates; eszmates of permigng Zmelines; statements and informazon regarding future studies and their results; produczon forecasts; future transaczons; future metal prices; the ability to achieve addizonal growth; future produczon costs; future financial performance; future financing requirements; and mine development plans. A variety of inherent risks, uncertainzes and factors, many of which are beyond the Company s control, affect the operazons, performance and results of the Company and its business, and could cause actual results to differ materially from eszmated or anzcipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainzes and factors include fluctuazons in the price of gold, silver, copper, lead and zinc; variazons in the cost of operazons; the availability of qualified personnel; the Company s ability to obtain and maintain all necessary regulatory approvals and licenses; risks generally associated with mineral explorazon and development, including the Company s ability to develop the Yenipazar project; the Company s ability to obtain financing when required on terms that are acceptable to the Company; challenges to the Company s interests in its property and mineral rights; current, pending and proposed legislazve or regulatory developments or changes in polizcal, social or economic condizons in Turkey; general economic condizons worldwide; and the risks idenzfied in Aldridge s latest Management s Discussion and Analysis under the heading Risk Factors. This list is not exhauszve of the factors that may affect any of the Company s forward- looking statements. Forward- looking statements are based on management s current plans, es\mates, projec\ons, beliefs and opinions, and except as required by law, the Company does not undertake any obliga\on to update forward- looking statements should assump\ons related to these plans, es\mates, projec\ons, beliefs and opinions change. Readers are cau\oned not to put undue reliance on forward- looking statements. All dollar figures are stated in United States ( US ) dollars. 26