TSX.V: PRBAPRIL 2013 TSX.V: PRBBorden Discovery OutcropBuilding Ontario’s NewestGold District
TSX.V: PRBCautionary NotesDisclaimerThis presentation contains a review of the Company’s projects in Canada. Viewers areca...
TSX.V: PRBInvestment HighlightsBorden Gold Resource Growing & Improving in Grade Located in mining friendly Ontario, Cana...
TSX.V: PRBPatrick Reid, B.A. Chairman of the BoardPast President of the Ontario Mining AssociationDavid Palmer, Ph.D., P.G...
TSX.V: PRB5Analyst Coverage (10 analysts)BMO Capital Markets John HayesCasimir Capital Ryan WalkerCormark Securities Tyron...
TSX.V: PRBOntario: Mining Friendly JurisdictionBORDEN GOLD Favourable and well-developed infrastructure,1 km from paved h...
TSX.V: PRBREGIONAL GEOLOGY-LOCATIONChapleau Area Infrastructure• Close to numerousmining districts• Well Developed localin...
TSX.V: PRB Potential 2.8km of strike length with widths up to 200m and depths to 500m (vertical) Since December 2010: 38...
TSX.V: PRB9Consistent Higher Grade CoreConsistent high-grade core allows potential for alternative development scenarios w...
TSX.V: PRB10Southeast High-Grade Intersection of 51 metres averaging 10.3 g/t Au• “The extension andinfill drilling contin...
TSX.V: PRB11New High-Grade Zone
TSX.V: PRB12PIT-CONSTRAINED NI 43-101 RESOURCE ESTIMATE, JANUARY 2013*ResourcesCategoryCut-off Grade(g/t gold)Tonnes(000’s...
TSX.V: PRB13Pit-constrained Resource Growth to 4.3 MMoz Averaging 1.0 g/tDiscovery Cost < $4/ozResource GrowthDateAccumula...
TSX.V: PRB• Recentacquisitions ofover 350 squarekm of unexploredground within theBorden andassociated Belts• High potentia...
TSX.V: PRBAdvancing Borden GoldDiscovery in 2010InfrastructureNI 43-101 Resource Estimate (3)Size: 4.3MMoz Pit-contrained ...
TSX.V: PRBContact InformationTel: (416) 777-6703Fax: (416) 777-6705Email: info@probemines.comWebsite: www.probemines.comHe...
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Corporate Presentation April 22, 2013

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Corporate Presentation April 22, 2013

  1. 1. TSX.V: PRBAPRIL 2013 TSX.V: PRBBorden Discovery OutcropBuilding Ontario’s NewestGold District
  2. 2. TSX.V: PRBCautionary NotesDisclaimerThis presentation contains a review of the Company’s projects in Canada. Viewers arecautioned that the projects are at an early stage of exploration and that estimates andprojections contained herein are based on limited and incomplete data. More work isrequired before the mineralization on the projects and their economic aspects can beconfidentially modeled. Therefore, the work results and estimates herein may beconsidered to be generally indicative only of the nature and quality of the projects. Norepresentation or prediction is intended as to the results of future work, nor can there beany promise that the estimates herein will be confirmed by future exploration or analysis,or that the projects will otherwise prove to be economic.Forward-Looking StatementsThis presentation includes certain "forward-looking statements". All statements otherthan statements of historical fact, included in this release, including, without limitation,statements regarding potential mineralization and reserves, exploration results, andfuture plans and objectives of Probe, are forward-looking statements that involve variousrisks and uncertainties. There can be no assurance that such statements will prove to beaccurate and actual results and future events could differ materially form thoseanticipated in such statements.2
  3. 3. TSX.V: PRBInvestment HighlightsBorden Gold Resource Growing & Improving in Grade Located in mining friendly Ontario, Canada Pit-constrained Resource over 4.3 MMoz at 1.03 g/t Au (January 2013) Increasing grade, well-developed higher-grade core New high-grade expansion in the southeast, 51m @ 10.3 g/t Au 500-metre high-grade step out hole, 25m @ 4.6 g/t Au Deposit is still open in all directionsGraduating from Explorer to Developer Stage Michael Petrina, P.ENG, Chief Operating Officer Expanded capital markets expertisePotential for New Discoveries Two major discoveries: Borden Gold & Black Creek Chromite Strong exploration potential: Over 400 square km of new ground within the Borden Belt Ongoing strategy to consolidate the Borden BeltStrong Financial Position $32 million at January 31st, 20133
  4. 4. TSX.V: PRBPatrick Reid, B.A. Chairman of the BoardPast President of the Ontario Mining AssociationDavid Palmer, Ph.D., P.Geo. President, Chief Executive Officer & DirectorOver 20 Years in the Mining IndustryMichael Petrina, MBA, P.Eng. Chief Operating OfficerOver 25 years of experience in operations, engineering & mine developmentPatrick Langlois, MBA, CFA Vice President, Corporate Development15 years Corporate Development and Investment BankingCarmelo Marrelli, B.Comm, CA, CSA Chief Financial OfficerExperienced Mining and Investment AccountantJohn Gammon, Ph.D. DirectorFormer Assistant Deputy Minister of Mines for OntarioGordon McCreary, M.Ba., P.Eng. DirectorMining Engineer, former officer of Kinross and BaffinlandDennis Peterson, B. Comm, LLB DirectorCorporate Securities Lawyer, Small Cap Mining ExpertiseStrong Management Team4
  5. 5. TSX.V: PRB5Analyst Coverage (10 analysts)BMO Capital Markets John HayesCasimir Capital Ryan WalkerCormark Securities Tyron BreytenbachEuro Pacific Canada Matthew ZylstraJennings Capital Kwong-Mun Achong LowMackie Research Barry AllanMacquarie Capital Markets Pierre VaillancourtMGI Securities Marc PaisRBC Capital Markets Sam CrittendenStonecap Securities Ali KhanMajor Shareholders Holdings (I&O)Institutional Investors:Macquarie, Sprott, Sentry, BMO,Northern Border, Seamans, K2~ 50%Management & Directors 5%Probe Mines Limited Symbol: PRBListed Exchange Toronto VentureMarket capitalization $76.0 millionShares outstanding (basic) 67.9 millionShares outstanding (fully diluted) 74.3 millionCash Balance (01/31/13) $32 millionDebt None52 week trading range $0.90 - $2.85Recent Price (04/22/13) $1.12Corporate Summary
  6. 6. TSX.V: PRBOntario: Mining Friendly JurisdictionBORDEN GOLD Favourable and well-developed infrastructure,1 km from paved highway and power Pit-constrained Resource over 4.3 MMoz at1.03 g/t Au, still expanding and improving in grade Discovery of a new high-grade zone in thesoutheast Potential for lower CAPEX6BLACK CREEK CHROMITE Strategically located between Cliffs Natural Resources’Black Thor and Big Daddy deposits Over 10Mt of high-grade chromite in open-pitabledeposit
  7. 7. TSX.V: PRBREGIONAL GEOLOGY-LOCATIONChapleau Area Infrastructure• Close to numerousmining districts• Well Developed localinfrastructureOnly 9 km from Chapleau1 km to Highway/Power10 mins to Rail• Within the KapuskasingStructural ZoneUnderexplored• CommunityReceptive to new industry• First NationsAgreement in place7New Gold District
  8. 8. TSX.V: PRB Potential 2.8km of strike length with widths up to 200m and depths to 500m (vertical) Since December 2010: 388 drill holes completed, representing over 120,000 metres82013 Work Program2013 Drill Program of~80,000 metres,expansion and infilldrilling
  9. 9. TSX.V: PRB9Consistent Higher Grade CoreConsistent high-grade core allows potential for alternative development scenarios withlower CAPEX and less sensitivity to gold price 2.34 MMoz @ 1.7 g/t Au average gradeNew High-Grade Intersection(51m @ 10.3 g/t Au)Open along strike Potential throughput of 10,000 – 15,000 tpd Potential production of 200K+ oz/yr Capex below $500MM Achievable in current market conditions
  10. 10. TSX.V: PRB10Southeast High-Grade Intersection of 51 metres averaging 10.3 g/t Au• “The extension andinfill drilling continueto intercept higher-grade material than theaverage”• 2013 winter drillingresults confirmed thepotential for theBorden Gold zone tohost high grademineralizationJohn Hayes, BMO CapitalMarkets, January 2013High-Grade Intersection
  11. 11. TSX.V: PRB11New High-Grade Zone
  12. 12. TSX.V: PRB12PIT-CONSTRAINED NI 43-101 RESOURCE ESTIMATE, JANUARY 2013*ResourcesCategoryCut-off Grade(g/t gold)Tonnes(000’s)Grade(g/t gold)Gold (oz)(000’s)IndicatedInferred1.51.514,4522,5452.342.611,086214IndicatedInferred1.01.037,6006,3511.641.771,982361IndicatedInferred0.50.5112,84418,3061.021.083,686625Pit-constrained Resource of 4.3 MMoz at 1.03 g/t Au average grade at a 0.5 g/t Au cut-off 85% of the total Pit Constrained resource is in the Indicated category*Mineral Resources Statement, P&E Mining Consultants Inc.INITIAL METALLURGYComposite Gravity Flotation Leach CombinedLow (1.6g/t) 20.6% 77.9% 87.7% 90.4%High (4.2g/t) 43.0% 72.8% 91.0% 92.6%• Scoping metallurgical study indicates gold isnot refractory• Both composites returned > 90% recoveryBorden Gold - Resource, January 2013
  13. 13. TSX.V: PRB13Pit-constrained Resource Growth to 4.3 MMoz Averaging 1.0 g/tDiscovery Cost < $4/ozResource GrowthDateAccumulativedrillingNumber ofDrill holes Resources Growth (M oz)313 drill holesJanuary 2013 94,000mAugust 2011 21,662m 78 drill holes35,000mApril 2012 167 drill holes2,796,000683,000625,000253,0002,735,0003,686,000InferredIndicated(Global Resource Estimate)
  14. 14. TSX.V: PRB• Recentacquisitions ofover 350 squarekm of unexploredground within theBorden andassociated Belts• High potential fornew discoveries14LAND POSITIONPotential for New Discoveries
  15. 15. TSX.V: PRBAdvancing Borden GoldDiscovery in 2010InfrastructureNI 43-101 Resource Estimate (3)Size: 4.3MMoz Pit-contrained ResourceGrade: High-grade core at 1.7 g/tScoping metallurgyNew high-grade zoneMining teamStrong financial position Expansion of the high-grade zone in the southeast Advanced metallurgy Land acquisition Updated NI 43-101 Resource Estimate Preliminary Economic Assessment (PEA)15
  16. 16. TSX.V: PRBContact InformationTel: (416) 777-6703Fax: (416) 777-6705Email: info@probemines.comWebsite: www.probemines.comHead Office56 Temperance Street, Suite 1000Toronto, OntarioM5H 3V5David Palmer, Ph.D., P.Geo.President and CEO(416) 777-6703Patrick Langlois, MBA, CFAVice President, Corporate Development(416) 777-670316

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