Entree Gold Investor Presentation June, 2012
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Entree Gold Investor Presentation June, 2012






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Entree Gold Investor Presentation June, 2012 Entree Gold Investor Presentation June, 2012 Presentation Transcript

  • On the Path to Production Entrée Gold at Copper OxideOyu Tolgoi Headframe Ann Mason Project Ann Mason Drilling June 2012 TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 1
  • Cautionary StatementThis corporate update contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaningof applicable Canadian securities laws.Forward-looking statements include, but are not limited to, statements with respect to the future prices of copper, gold and molybdenum, the estimation of mineral reserves and resources, therealization of mineral reserve and resource estimates, the timing and amount of estimated future production, costs of production and capital expenditures, the costs and timing of the development ofnew deposits, the potential for the discovery of additional mineralized zones on properties in which Entrée has an interest, the potential for the expansion of existing deposits in which Entrée has aninterest, plans to prepare and the timing for release of a Preliminary Economic Assessment on the Ann Mason Project, the timing of and potential for future resource estimates on properties in whichEntrée has an interest, plans for future exploration and/or development programs and budgets, permitting time lines, anticipated business activities, corporate strategies, proposed acquisitions anddispositions of assets and future financial performance. While Entrée Gold Inc. (“Entrée” or the “Company”) has based these forward-looking statements on its expectations about future events as atthe date that such statements were prepared, the statements are not a guarantee of the Company’s future performance and are subject to risks, uncertainties, assumptions and other factors whichcould cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors and assumptions include, amongst others, that the size, gradeand continuity of deposits and resource and reserve estimates have been interpreted correctly from exploration results, that the prices of copper, gold and molybdenum will remain relatively stable,the effects of general economic conditions, changing foreign exchange rates and actions by joint venture partners and by government authorities including the Government of Mongolia, uncertaintiesassociated with legal proceedings and negotiations and misjudgements in the course of preparing forward-looking statements. In addition, there are also known and unknown risk factors which maycause the actual results, performances or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-lookingstatements. Known risk factors are described in the section entitled “Risk Factors” in the Company’s Annual Information Form dated March 29, 2012 and in the Company’s most recent managementdisclosure and anlysis filed with the Canadian Securities Administrators and available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actualactions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated orintended. 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.Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, futureevents, or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.The Companys exploration activities are under the supervision of Robert Cann, P.Geo., Vice President, Exploration of Entrée. Mr. Cann is a “qualified person” as defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Cann has approved this corporate update.All minerals reserves and mineral resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101. Cautionary Note toUnited States Investors: United States investors are advised that while the terms “measured mineral resources”, “indicated mineral resources” “inferred mineral resources” and “probable mineralreserves” are recognized and required by Canadian regulations, the United States Securities and Exchange Commission (SEC) does not recognize them. United States investors are cautioned not toassume that any part or all of the mineral deposits in these categories will ever be upgraded to a higher category, or converted into mineral reserves. Inferred mineral resources have a great amountof uncertainty as to their existence, and as to their economic and legal feasibility. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or othereconomic studies. United States investors are cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally minable. Disclosure of “containedounces” is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in place tonnage and gradewithout reference to unit measures. Accordingly, information contained in this corporate update containing descriptions of the Company’s mineral properties may not be comparable to similarinformation made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.Theinformation in this corporate update is for informational purposes only. Readers should not rely on the information for any purpose other than to gain general knowledge of Entrée. This information isnot intended to be, and should not be construed as, part of an offering or solicitation of securities.Note 1: See the technical report titled "Technical Report 2012 on the Lookout Hill Property" dated March 29, 2012 ("LHTR12") prepared by AMC Consultants Pty Ltd, a copy of which is available on SEDAR atwww.sedar.com.Note 2: See the technical report titled "Technical Report and Updated Mineral Resource Estimate on the Ann Mason Project Nevada, USA" dated March 26, 2012, prepared by Robert Cinits, P. Geo., the Company’sDirector, Technical Services, Scott Jackson, F.AusIMM, a principal of Quantitative Group Pty Ltd and Lyn Jones, P. Eng., a senior associate metallurgist for AGP Mining Consultants Inc., a copy of which is available onSEDAR at www.sedar.com. TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 2
  • On the Path to ProductionHugo North Extension and Heruga, Mongolia Oyu Tolgoi Development Phase I Construction 85% Complete HNE Development Production in 2015 TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 3
  • On the Path to ProductionAnn Mason, Nevada North Indicated: 8.0 Billion lbs Copper (0.2% Cu cut-off) 5.3 Billion lbs Copper (0.3% Cu cut-off) Inferred: 7.3 Billion lbs Copper (0.2% Cu cut-off) 3.5 Billion lbs Copper (0.3% Cu cut-off) TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 4
  • Highlights since AGM 2011 Ann Mason Shivee Tolgoi • >23,000 m drilled at Ann Mason • Updated technical report: IDP12 • Updated and upgraded resource • New gold zone – Argo – discovered on Shivee West • Initiated PEA • Rio Tinto increased ownership of • Positive metallurgical studies Ivanhoe Mines to 51% • Historical core assaying • Rio Tinto committed to CAPEX • Initiated resource estimate for funding for building Oyu Tolgoi (JV essential to ongoing development) Blue Hill • Consolidated and increased land • Continued exploration on JV ground position at Ann Mason TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 5
  • Highlights since AGM 2011 Corporate • Financing over-allotment closes for USD $15.7M: January 4, 2012 • Sale of asset backed securities • Sale of non-core assets: Togoot, Northling, Australian- listed securities • Acquired 100% interest in Lordsburg and Oak Grove projects in New Mexico TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 6
  • Shareholder Base Fully Diluted 12.0% 60% 10.0% Held by top 14 9.1% Shareholders 7.5% 4.8% 4.1% 4.1% 2.1% 2.1% 2.0% 1.1% 0.6% 0.4% 0.4%•Rio Tinto holds beneficial ownership over shares held by Ivanhoe Mines TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 7
  • Board of DirectorsGreg Crowe President & CEO, DirectorJames Harris Chairman, DirectorMichael Howard Deputy Chairman, DirectorLindsay Bottomer VP Business Development, DirectorPeter Meredith DirectorMark Bailey DirectorAlan Edwards DirectorGorden Glenn Director TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 8
  • Financial InformationTreasury (As of March 31, 2012) ~Cdn$15.3 millionIssued and Outstanding 128,877,243Options - 9,175,500 (Average price ~Cdn$2.00)Fully Diluted 138,052,74352 week High / Low Cdn$2.40 / $0.65Analyst Coverage TD Newcrest Hallgarten & Co. LLC TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 9
  • Growth Through Exploration & AcquisitionsUSANevada MongoliaAnn Mason Deposit Hugo North ExtensionBlue HillRoulette HerugaBlackjack Shivee WestNew MexicoLordsburgOak Grove AustraliaPeru Blue RoseLukkacha Mystique TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 10
  • Ann Mason Project, Nevada • Excellent infrastructure • Drilling >41,000 m since 2010 • Associated with IP anomaly  Ann Mason Deposit (Cu-Mo) Indicated 8.0 B lbs Cu 1,115 Mt @ 0.33% Cu (0.2% Cu cut-off) Inferred 7.3 B lbs Cu 1,131 Mt @ 0.29% Cu (0.2% Cu cut-off)  Blue Hill Target (Cu-Mo) 2 km NW of Ann MasonNote: Historical drill holes not shown on mapMineral Resources March 2012 TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 12
  • Porphyry Related Copper Deposits Western North America 1.5 Red Chris* 0.5 Pumpkin Hollow 1.0 Schaft Creek % Copper Rosemont Copper Creek Chino 0.5 0.4 Ajax Billion Tonnes Mt Milligan* Bagdad Excelsior Mineral Park * 0.3 Ann Mason Copper Tyrone 1,115 Mt Mountain Poplar Gibraltar Yerington Highland Valley MacArthur 0.2 Sierrita*CuEqInferred resources not includedAdditional Ann Mason inferred resources: 1,131 million tonnes averaging 0.31% Cu Eq (0.29% Cu, 0.004% Mo) at 0.2% Cu cut-off TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 13
  • Properties New Mexico USA Exploring for buried porphyry Cu-Mo targets Lordsburg • Copper porphyry discovery in area known for vein style deposits • Intercepts to 0.44% CuEq* over 60 m • Further exploration planned Oak Grove • New target • Magnetic anomaly similar to Chino Mine • Proximity to producing Tyrone Mine* Copper equivalent estimated using US$1.35/lb Cu and US$650/oz Au. Intercept contains 0.31% Cu and 0.21 g/t Au. TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 14
  • Shivee Tolgoi - Oyu Tolgoi Trends TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 16
  • Oyu Tolgoi Trend*Indicated resource grade; HNE inferred resource grade = 1.4% CuEq **Inferred resource gradeModified from Lookout Hill Technical Report 2012Mineral reserves are not additive to the mineral resourcesCopper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. A 0.6% CuEq cut-off was usedPhase 2 does not include mine plan for Lift 2 extraction TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 17
  • Oyu Tolgoi Trend +1% CuEq Moly ZoneOPEN Lift 1 Extraction Level Possible Extraction Level Gold Zone Lift 2 Extraction Level OPEN OPEN OPEN OTLLC OTLLCModified from Lookout Hill Technical Report 2012Mineral reserves are not additive to the mineral resourcesCopper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. A 0.6% CuEq cut-off was usedEntrée carries a 20% interest in the mineralization of the Hugo North Extension and Heruga deposits TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 18
  • Entrée-OTLLC JV Deposit ResourcesEntrée ownership - 20% Carried Interest Hugo North Extension Heruga Cu-Au Cu-Au-Mo Probable Mineral 27Mt ore Reserves* 1.85% Cu and 0.72 g/t Au 1B lbs Cu / 0.53M oz Au Indicated Resources** 5.6B lbs CuEq 117 million tonnes*** - 1.80% Cu, 0.61 g/t Au 4.6B lbs Cu / 2.3M oz Au Inferred 2.8B lbs CuEq 17.4B lbs CuEq Resources** 95.5 million tonnes***- 1.15% Cu, 0.31 g/t Au 910 million tonnes*** 2.4B lbs Cu / 0.95M oz Au 0.48% Cu, 0.49 g/t Au, 0.014 % Mo 9.6B lbs Cu / 14M oz Au HUGO NORTHSee Lookout Hill Technical Report 2012 EXTENSION* The mineral reserves are not additive to the mineral resources** Copper equivalent estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo*** 0.6% CuEq cut-off HERUGA TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 19
  • Hugo North Extension & Heruga Moving ForwardCurrent • Premier Asset • High Grade – Long life • OT Phase I Construction 85% Complete • Entrée Carried to ProductionTimeline for Entrée’s Assets • First Ore from HNE1 2015 • 48 Year Potential Mine Life in LOM Case: HNE1 + HNE2 + Heruga • HNE & Heruga Deposits Remain Open TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 20
  • Argo and Zone III Gold TargetsShivee West (100% Entrée) • 2.5 km magnetic low parallel to OT Trend • Low sulphidation epithermal signature Argo Zone Hole 111 X Surface Sampling • Limited drilling • High grade surface samples Hole 112 Zone III Hole 123 42.4 g/t Au over 4 m 19.3 g/t Au over 3 m • 2011 drill results 1.82 g/t Au over 14 m (hole 112) including 9.32 g/t Au over 2 m 2.21 g/t Au over 3 m (hole 111) 2.08 g/t Au over 8 m (hole 123) including 5.60 g/t over 2 m TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 21
  • Current Copper Assets 12 10 8 7.3B lbs Cu Ann MasonBillion lbs 0.2 % Cu cut-off 6 8.0B lbs Cu 4 HNE & Heruga 4.1B lbs CuEq* 0.6% CuEq cut-off 2 (with 3M oz Au) 1.1B lbs CuEq* (with 0.5M oz Au) 0 Indicated Inferred *CuEq estimated using US$1.35/lb Cu, US$650/oz Au, US$10/lb Mo. Figures are NI 43-101 Compliant. TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 22
  • Advancing our AssetsAnn Mason Project Hugo North Extension & Heruga 100% Entrée Joint Venture Drilling Ann Mason 2012 Drilling Heruga 2012 Ann Mason PEA Blue Hill Resource Development HNE 1 2015 First DevelopmentShivee Tolgoi, Mongolia Production HNE 1 100% Entrée 2012 Advance Argo Zone 48 2060 Year Potential Production in LOM Case TSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 23
  • Mona Forster – Executive Vice President mforster@entreegold.com 604-687-4777 www.entreegold.comTSX:ETG | NYSE MKT:EGI | FRANKFURT:EKA 24