Forward Looking Statements

Transcription

1 September 2016

2 Forward Looking Statements This presentation is for informational purposes only and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose. This presentation does not constitute an admission document, listing particulars, prospectus, offering memorandum or an offer to sell or a solicitation to buy securities of Minera IRLLimited (the Company ) and should not be relied on in connection with a decision to purchase or subscribe for any such securities. None of the Company or advisors shall be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), loss of profits, or opportunities arising from the use of or reliance on the information contained in this presentation. The shares of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended ( Securities Act ) or state securities laws and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the Securities Act) except pursuant to certain exemptions. The distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. Any such distribution could result in a violation of the law of such jurisdiction. In particular, this presentation should not be distributed, published, reproduced or otherwise made available in whole or in part by recipients to any other person and, in particular, should not be distributed to persons with an address in the United States of America, Australia, the Republic of South Africa, the Republic of Ireland, Japan or in any other country outside the United Kingdom where such distribution may lead to a breach of any legal or regulatory requirement. Accordingly, subject to certain exceptions, the shares of the Company may not, directly or indirectly, be offered or sold within Australia, Canada, Japan, South Africa or the Republic of Ireland or offered or sold to a resident of Australia, Japan, South Africa or the Republic of Ireland. This presentation is distributed in the United Kingdom only to persons who are approved persons or exempted persons within the meaning of the Financial Services and Markets Act 2000, or any Order made there under (including, without limitation, persons falling within either article 19 (Investment Professionals) or article 49 (High Net Worth Companies) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005) and, if permitted by applicable law, for distribution outside the United Kingdom to professionals or institutions whose ordinary business involves them engaging in investment activities. It is not intended to be distributed or passed on, directly or indirectly, to any other class or persons in the United Kingdom and persons of any description other than as described in this paragraph should not rely or act upon this presentation and the accompanying verbal presentation. This presentation and its contents and accompanying verbal presentation are confidential and are being supplied to you solely for your information and may not be reproduced, further distributed to any other person or published, in whole or in part, for any purpose. This Presentation may contain forward-looking statements relating to the business and financial outlook of the Company which are based on the current expectations, estimates and projections of the Company. When used in this Presentation, the words anticipate, expect, will, intend, estimate, forecast, planned and similar expressions are intended to identify forward-looking statements or information. Forward-looking statements include, but are not limited to, the estimate of mineral reserves and resources, the timing and amount of estimated future production, costs and timing of development of new deposits, permitting time lines and expectations regarding metal recovery rates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from its estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. The Company does not intend and does not assume any obligation, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. 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 due to the inherent uncertainty therein. 2

3 A Golden Opportunity in Latin America Gold Production >100,000 ozs by end of mines, one producing, one in development Experienced Board and management team Resumption of share trading 4 th Quarter 2016 Lima, Toronto Mandate for financing with funds from Peruvian Government Bank US$ 240 million, with US$70 million dispersed Drilling programme underway at both operations Successful model of community relations 3

4 Perú A Mining Country US$ 18 billion : Mining exports 2015 US$ 42 billion : Investment US$ 56 billion : Projected investment in the next few years Employment : 195,705 direct jobs and 1,761,345 indirect Goldwork Perú Sican culture AC Fuente: MINEM, BCR, MEF 4

5 A New Government Reactivating Mining Development International promotion of mining projects. Ollachea is being highlighted as the next gold mine development in Peru and is recognised as a successful social model State regulation changes in order to accelerate the delivery of mining permits Mining finances half of our national income. Of course we want mining Pedro Pablo Kuczynski, President of Perú In the upcoming years middle-sized mining projects will be the most active in the sector. Seven dynamic projects can be highlighted Mine extensions at Cerro Verde (US$4,600 million) and Toquepala (US$1.2 million), Shahuindo (US$130 million), Quellaveco (US$3.3 million), La Granja (US$1,000 million), Corani (US$600 million) and Ollachea (US$170 million) Viceminister for Mining, Guillermo Shinno Diario Gestión newspaper, 31 of August,

6 Minera IRL Structure and Capital Minera IRL Limited Registered in Jersey Chairman and Interim Chief Executive Officer Francis O Kelly, Shares Outstanding 231,135,028 shares 2,000,000 options BOARD OF DIRECTORS Robert W. Schafer (*) Derrick Weyrauch Gerardo Perez Delgado Julian R. F. Bavin Minera IRL S.A./ Minera Kuri Kullu S.A. Perú General Manager Diego Benavides 389 employees 165 Community Workers (*) President of the Prospectors and Developers Association of Canada (PDAC) 6

7 Project Portfolio Corihuarmi Gold Mine open pit Production : 261,742 oz Production 2016: 23,000 oz Mine life: Q Ollachea Gold Project - underground Production Q4 2018: 100,000 oz Mine life: Q Capex: US$ 170 million Exploration Portfolio Quilavira Au/Ag Frontera Au/Cu/Mo Puno Region Au 7

8 Ollachea: The Next Gold Mine in Perú Fully permitted : EIA and Construction Key infrastructure in place : Paved highway, grid power, ports, airports, motivated local workforce Strong community support Robust project economics: 1 million ounces of gold in reserves Capex optimization by Mining Plus in process Negotiation of EPC Open-ended exploration upside Concurayoc Zone hosts an inferred mineral resource of 0.9 million ounces In progress 40% of 5,200m underground drilling 8

9 Resources - Ollachea Project Exploration results continue to demonstrate on-strike and down-dip potential Future Plant Facilities? Community of Ollachea? LEGEND Mineralized Trend Mineral Resources Ore-grade Intercepts Regional Fault trace 1.2 km Exploration Tunnel 9

10 Ollachea: Drilling Demonstrates Exploration Upside S N 1.2km exploration tunnel 4.48 g/t Au over 20m Concurayoc Zone Minapampa Zone 5.47 g/t Au over 11m 5.45 g/t Au over 9m 320 m step out 10

11 Ollachea Funding Peruvian state-owned development bank Bridge Loan for US$ 70 mm - syndicated through Goldman Sachs Bank USA Mandate Letter to structure a Senior Project Debt Facility for up to US$240 million Bridge Loan applied to advancing Ollachea Repayment of the Macquarie Bank debt facility Commencing the detailed engineering and design of the Ollachea plant Pre-construction project development work Resource expansion drilling at the Minapampa Far East Zone at Ollachea Continue commitment to social and environmental programmes. 11

12 Added Value Each Community Is Unique Cushuro Corihuarmi Ollachea Vicuña Conservation Project working with an endangered Camelid species Formation of a community business for the sale of Vicuña wool Annual participation in a Chaccu: round-up, shearing and vaccination of the Vicuñas A relationship with 7 communities Formation of community businesses for transport, production of milk products and services The Communities supply 45% of the work force at the Corihuarmi Mine Improved health, education and infrastructure programmes The Community is a 5% share partner in the Ollachea Project Assisting with the formalization of local artesanal miners Organic horticulture and reforestation projects Establishment of the Traditional Music and Dance Centre Scholarship programme for youth and care of the aged Assistance with the formation of community transport and construction companies 12

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