Mario Caron, President & CEO Aldridge Minerals Inc.

Transcription

1 Mario Caron, President & CEO Aldridge Minerals Inc. TSX V: AGM May 2012

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3 YENIPAZAR OUR CORE FOCUS Polymetallic project in Turkey 100 Km 2 land package 400+ drill holes completed 3 new mineralized outcrops WELL DEFINED WITH UPSIDE POTENTIAL 3

4 YENIPAZAR LOCATION Istanbul Ankara YENIPAZAR TURKEY IS EMERGING AS A MAJOR MINING AREA 4

5 YENIPAZAR LOCATION AERIAL VIEW NEW OUTCROPS DEPOSIT 1.7 km 5

6 YENIPAZAR TURKEY AT A GLANCE 2nd fastest growing GDP behind China Goal is to become 10 th largest economy by 2023 Modern and secular Rule of law Western mining code NET IMPORTER OF METALS 6

7 YENIPAZAR PROJECT HIGHLIGHTS VMS deposit 1,700 mstrike length Mineralization near surface Host to: GOLD SILVER COPPER LEAD ZINC 90th PERCENTILE BY SIZE* LARGE MINERAL GRAINS SIMPLIFY PROCESSING * Geological Survey of Canada 7

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11 YENIPAZAR RESOURCE ESTIMATE* CATEGORY TONNES GOLD G/T SILVER G/T COPPER % LEAD % ZINC % Indicated 24,284, Inferred 218, RESOURCE ESTIMATE 2010 BASED ON REVERSE CIRCULATION DRILLING * Based on Preliminary Economic Assessment announced Dec See page 32 for notes. 11

12 YENIPAZAR ROBUST ECONOMICS* Net Present Value $209 Million Internal rate of return 23.2% 2% Discount rate 7% Strip ratio** 4.5:1 Throughput 5,700 t/d Life of Mine 12 years CAPEX $198 million Project payback 3.9 years LOM average cost $29.65/t BASE CASE SCENARIO (PEA) DECEMBER 2010 * Based on Preliminary Economic Assessment announced Dec See page 32 for notes. ** Includes pre stripping 12

13 Improve grade Increase recoveries Expand resource base 13

14 IMPROVING GRADE Diamond drill program Twin drilling program completed 2011 Holes 5 meters apart Results: 49% more gold 42% more silver 9% more copper 11% more lead 14% more zinc 49% HIGHER GOLD GRADE RESULTS PAVE WAY FOR GRADE IMPROVEMENT 14

15 INCREASING RECOVERIES Metallurgical testing completed by G&T SGS UK now responsible for all metallurgical testing Gravity concentration prior to flotation produces higher recoveries NEW AU 79% RECOVERY RATE HIGH GRADES & RECOVERIES GENERATE MORE CASH FLOW 15

16 EXPANDING RESOURCE Threenew mineralized outcrops identified High grade intersections Potential for resource expansion <2km FROM MAIN MINERAL ZONE PROVIDES BLUE SKY POTENTIAL 16

17 DEVELOPING VALUE 2010* 2012** NPV $209 Million $643 Million IRR 23.2% 44.8% Discount rate 7% 7% Strip ratio*** 4.5:1 4.5:1 Mine throughput 5,700 t/d 7,500 t/d Mine life 12 years 12 years Project payback 3.9 years 2.6 years AVG cost $29.65/t $29.65/t PROGRESS BY ORDERS OF MAGNITUDE * Based on Preliminary Economic Assessment announced Dec See page 32 for notes. ** Management estimate based on expected recovery improvements and throughput increase announced March 6, Not NI compliant. *** Includes pre-stripping 17

18 IMPACT OF PROGRESS +32% +300% INCREASE IN MINE THROUGHPUT GENERATES HIGHER CASH FLOW +307% NPV VALUE INCREASE BASED ON HIGHER THROUGHPUT & RECOVERIES 18

19 STRATEGIC LOCAL PARTNER ANT Holding Anonim Private holding company with interests in media, engineering, g, construction $11.2 million investment Strong relationships with local banking & government contacts 30% OWNERSHIP OF ALDRIDGE ACCELERATES PATH TO DEVELOPMENT STAGE 19

20 EXPERIENCED BOARD & MANAGEMENT BOARD Barry Hildred, Chairman Daniella Dimitrov John F. Cook Ed Guimaraes Ahmet Tacyildiz Hande Tacyildiz Meric Oktar MANAGEMENT Mario Caron, President & CEO & Director Dr. Martin Oczlon, VP Exploration & Director Robbert Borst, VP Project Development Jim O Neill, CFO SerdarAkca Akca, Country Manager David Carew, Corp. Secretary 20

21 CAPITAL STRUCTURE* Shares Outstanding: 53.1 million Fully diluted: d 62.4 million Director/Insider ownership: ~36% 52 week range: $0.48 $1.52 Recent price: $0.65 Market Cap: $33.6 million Top institutional holders: US Global, Colonial, Libra, Sprott, Creststreet Analyst coverage: Clarus, Mackie Research, Union Securities CLEAN CAPITAL STRUCTURE AND STRONG BALANCE SHEET * As at May

22 PROJECT CONSULTANTS Jacobs Minerals Canada Overseeing & coordinating feasibility study P&E Mining Resource update and mine plan/design Golder Associates Geotechnical studies SGS UK Metallurgical test work SRK Turkey Preparing ESIA study, completing hydrological test work WORKING TOWARDS FEASIBILITY STUDY 22

23 UPCOMING CATALYSTS Q Q Q Q Task Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Feasibility Study & Enviromental Impact Assessment Diamond Twinning Mine Design/ Resource Modeling Exploration Drilling Resource Estimate FULLY FUNDED TO FEASIBILITY STUDY 23

24 INVESTMENT SUMMARY Advancing towards development stage Polymetallic project with robust economics Located in safe, mining friendly jurisdiction Experienced management team Strategic local partner ANT Holding Resource, grade and and recovery improvements Catalysts for value creation PROGRESS BY ORDERS OF MAGNITUDE 24

25 Mario Caron, President & CEO Aldridge Minerals Inc. TSX V: AGM May 2012

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27 OUTLINE OF THE PROCESS FLOWSHEET Crushing Pre Gravity Concentration Tail Grinding and Classification GRG Circuit Gold Leaching Flotation Cu Flotation Removes mica and clays Increases grade of the flotation feed Reduces the mass to grinding circuit (40% mass rejected) Recovers liberated gold particles Produces Gold Doré Pb Flotation Zn Flotation 27

28 AGREEMENT WITH ALACER Agreement with Alacer Gold to earn 100 % interest Remaining deliverable is the Definitive Feasibility Study by December 2012 Alacer retains 6 % net proceeds interest (revenue minus operational cost) until a total revenue of US$ 165M, 10% thereafter 28

29 OTHER ASSETS Kili Teke Project 338 square kilometre exploration license in Papua New Guinea Project located in area with prospects p for gold, silver and copper Initial drill program encouraging g Objective is to seek partnership or transaction that will generate maximum value 29

30 KILI TEKE LOCATION KILI TEKE LOCATED CLOSE TO OTHER DEVELOPMENT PROJECTS 30

31 MORE INFORMATION Dave Carew

32 NOTES 1. Resources are NI compliant and stated as of December 10, Metal prices used for calculating NPV are based on a three year trailing average effective November 30, 2010 of $2.95/lb Cu, $0.86/lb Zn, $0.90/lb Pb, $1,007/oz Au and $16.19/oz Ag. 3. Based on AU recovery rate of 35% as at December 10, Gold recoveries of 79% are based on metallurgical l testing carried out by G&T Metallurgical Services in Kamloops. See December 1, 2012 Press Release. 32

33 FORWARD-LOOKING STATEMENTS Certain statements contained in this presentation regarding the company and its activities constitute forward looking statements. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance are forwardlooking statements. We caution you that such forward looking statements involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in metal prices, unpredictable results of exploration, uncertainties inherent in the estimation of mineral resources and reserves,fluctuationsinthecostsofgoodsandservices,problemsassociatedwith exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the companyoperates, lack of appropriate it funding and other risk factors. There can be no assurance that such forward looking statements will prove to be accurate. Potential investors should conduct their own investigation as to the suitability of investing in securities of the company. Martin S. Oczlon, PhD Geo, is the qualified person for the company as required by NI (Canadian Securities Administrators). The company undertakes no obligation to update any forward looking statements. We seek Safe Harbour. 33