The	  European	  Explorer	  	  	  │	  	  October	  2012	                                                                  ...
Forward-­‐Looking	  Statement	  &	  Qualified	  Persons	  This	  presenta9on	  contains	  “forward‑looking	  informa9on”	  ...
Agenda	   1.	  	  Dalradian	  Summary	   2.	  	  Northern	  Ireland	  Project	  IntroducDon	                            No...
Capital	  Structure	                                                                               DNA	  STOCK	  PRICE	   ...
Our	  Board:	  A	  Track	  Record	  of	  Discovery	  and	  Development	   PATRICK	  F.	  N.	  ANDERSON	                   ...
Our	  Management	  Team:	   PATRICK	  F.	  N.	  ANDERSON	                                                     KEITH	  D.	 ...
 The	  European	  ExploraDon	  Company	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  NORTHERN	  IRELAND	     ...
Northern	  Ireland:	  	  §  Our	  flagship	  asset:	  Curraghinalt	                                                       ...
Three-­‐Pronged	  ExploraDon	  Approach	   18,000	  METRE	  DRILLING	  PROGRAM	                                           ...
Curraghinalt:	  2012	                  May 2                                           Jul 18        Jul 25      Aug 1    ...
Curraghinalt	  Deposit	                                                                                                   ...
Cross	  SecDon	  12-­‐CT-­‐156	         CROSS-­‐SECTION	  A	  –	  A’	                                               12
Curraghinalt	  Trend	    GLACIATED	  TERRAIN	  WITH	  MINIMAL	  OUTCROP	                                                  ...
Curraghinalt	  14                   14
Recent	  Findings:	  C	  Veins	     CURRAGHINALT	  VEIN	  RELATIONSHIPS	   §     Gold	  bearing	  cross-­‐        cuqng	 ...
C	  Vein	  Swarms	  –	  An	  Untested	  Resource…	                                            “C” Vein                    ...
ExploraDon	  Plan	      GROW	      §  Complete	  re-­‐evalua9on	  of	  the	  deposit	              –  Ini9al	  evalua9on:...
ExploraDon	  Summary	  §  In	  the	  last	  2	  years…	           –  >4-­‐fold	  increase	  in	  contained	  ounces	     ...
Curraghinalt:	  A	  Growing	  Resource	                                                                          CURRAGHIN...
Preliminary	  Economic	  Assessment	                                                                                    3	...
PEA:	  	  Mining	  Longhole	  Mining	  with	  Ramp	  Access	  &	  Truck	  Haulage:	  §     Local	  availability	  of	  ex...
PEA:	  Processing	  OpDons	  Examined:	                                                                                   ...
Development	  Next	  Steps	   Gemng	  Back	  Underground	   Permimng:	  	   §    Working	  with	  government	  to	  op9mi...
Becoming	  Part	  of	  the	  Community	                                                   24
Norway:	    “Let	  the	  Treasure	  Hunt	  Begin”	  Industry	  Minister,	  Trond	  Giske	  at	  Press	  conference	  annou...
Another	  Mining	  Friendly	  JurisdicDon	  •  The	  new	  Mineral	  Act	  legisla9on	  passed	  in	                      ...
Here	  be	  Monsters…	  1.  Kimlä	  Gold	  Mine	                                                                          ...
Northern	  Concessions	  Kautokeino	  Concession	  §  Explora9on	  program	  focused	  on	  Kautokeino	      greenstone	 ...
Kongsberg	  in	  the	  Southern	  Concessions	  §  Historic	  silver	  mining	  district	  with	  produc9on	      of	  40...
Moving	  Ahead	   NORTHERN	  IRELAND	                             Advanced	  ExploraDon	   	  	                           ...
The European Explorer    Patrick F. N. Anderson               Chairman &     Chief Executive Officer         Investor Rela...
Curraghinalt	  NI	  43-­‐101	  Technical	  Report	  Prepared	  by	  Micon	  InternaDonal	  Limited	  §  Dated	  January	 ...
Tyrone	  Project:	  Curraghinalt	  &	  Glenlark	  Trend	                                                                  ...
ExploraDon	  Tools	   CURRAGHINALT	  TREND	                               2012	  Geophysics	                              ...
Upcoming SlideShare
Loading in …5

Dalradian corporate presentation oct 2012 final web


Published on

  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Dalradian corporate presentation oct 2012 final web

  1. 1. The  European  Explorer      │    October  2012   Patrick  F.  N.  Anderson     Chairman  and  Chief  Execu9ve  Officer  
  2. 2. Forward-­‐Looking  Statement  &  Qualified  Persons  This  presenta9on  contains  “forward‑looking  informa9on”  which  may  include,  but  is  not  limited  to,  statements  with  respect  to  the  comple9on  of  the  acquisi9on  (the  “Acquisi9on”)  by  the  Company  from  a  group   of   private   vendors   of   approximately   1.7   million   hectares   of   mineral   rights   over   four   greenstone   belts   and   a   historic   silver   mining   camp   in   Norway,   future   financial   or   opera9ng   performance   of   the  Company  and  its  mineral  projects,  the  future  price  of  metals,  the  es9ma9on  of  mineral  resources,  the  realiza9on  of  mineral  resource  es9mates,  the  9ming  and  amount  of  es9mated  future  produc9on,  costs  of  produc9on,   capital,   opera9ng   and   explora9on   expenditures,   costs   and   9ming   of   the   development   of   new   deposits,   costs   and   9ming   of   future   explora9on,   requirements   for   addi9onal   capital,   government  regula9on   of   mining   opera9ons,   environmental   risks,   reclama9on   expenses,   9tle   disputes   or   claims   and   limita9ons   of   insurance   coverage.   ORen,   but   not   always,   forward‑looking   statements   can   be   iden9fied  by  the  use  of  words  and  phrases  such  as  “plans,”  “expects,”  “is  expected,”  “budget,”  “scheduled,”  “es9mates,”  “forecasts,”  “intends,”  “an9cipates,”  or  “believes”  or  varia9ons  (including  nega9ve  varia9ons)  of  such  words  and  phrases,  or  state  that  certain  ac9ons,  events  or  results  “may,”  “could,”  “would,”  “might”  or  “will”  be  taken,  occur  or  be  achieved.  Forward-­‐looking  statements  are  based  on  the  opinions  and  es9mates  of  management  as  of  the  date  such  statements  are  made  and  are  based  on  various  assump9ons,  such  as  approvals  from  the  Toronto  Stock   Exchange   and   the   Norwegian   Directorate   of   Mining   will   be   obtained   in   respect   of   the   Acquisi9on,   the   con9nued   poli9cal   stability   in   Northern   Ireland   and   Norway,   that   permits   required   for   the  Company’s  opera9ons  will  be  obtained  in  a  9mely  basis  in  order  to  permit  the  Company  to  proceed  on  schedule  with  its  planned  drilling  programs,  that  skilled  personnel  and  contractors  will  be  available  as  the  Company’s   opera9ons   con9nue   to   grow,   that   the   price   of   gold   will   be   at   levels   that   render   the   project   economic,   or   that   the   Company   will   be   able   to   con9nue   raising   the   necessary   capital   to   finance   its  opera9ons  and  realize  on  mineral  resource  es9mates,  and  that  the  assump9ons  contained  in  the  Preliminary  Economic  Assessment  rela9ng  to  the  Curraghinalt  Deposit  are  accurate  and  complete.    Forward‑looking  statements  involve  known  and  unknown  risks,  uncertain9es  and  other  factors  which  may  cause  the  actual  results,  performance  or  achievements  of  the  Company  to  be  materially  different  from   any   future   results,   performance   or   achievements   expressed   or   implied   by   the   forward‑looking   statements.   Such   factors   include,   among   others,   general   business,   economic,   compe99ve,   poli9cal   and  social  uncertain9es;  the  actual  results  of  current  and  future  explora9on  ac9vi9es;  actual  results  of  reclama9on  ac9vi9es;  conclusions  of  economic  evalua9ons;  changes  in  project  parameters  and/or  economic  assessments   as   plans   con9nue   to   be   refined;   future   prices   of   metals;   possible   varia9ons   of   mineral   grade   or   recovery   rates;   the   risk   that   actual   costs   may   excel   es9mated   costs;   failure   of   plant,   equipment   or  processes   to   operate   as   an9cipated;   accidents,   labour   disputes   and   other   risks   of   the   mining   industry;   poli9cal   instability;   delays   in   obtaining   governmental   approvals   or   financing   or   in   the   comple9on   of  development  or  construc9on  ac9vi9es,  as  well  as  those  factors  discussed  in  the  sec9on  en9tled  “Risk  Factors”  in  the  Company’s  Annual  Informa9on  Form.    Although  the  Company  has  a]empted  to  iden9fy  important  factors  that  could  cause  actual  ac9ons,  events  or  results  to  differ  materially  from  those  described  in  forward‑looking  statements,  there  may  be  other  factors  that  cause  ac9ons,  events  or  results  to  differ  from  those  an9cipated,  es9mated  or  intended.  Forward‑looking  statements  contained  herein  are  made  as  of  the  date  of  this  presenta9on  and  the  Company  disclaims  any  obliga9on  to  update  any  forward‑looking  statements,  whether  as  a  result  of  new  informa9on,  future  events  or  results,  except  as  may  be  required  by  applicable  securi9es  laws.  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  an9cipated  in  such  statements.    Accordingly,  readers  should  not  place  undue  reliance  on  forward‑looking  statements.  Some  technical  data  in  this  presenta9on  was  taken  from  the    technical  report  en9tled  “An  Updated  Mineral  Resource  Es9mate  for  the  Curraghinalt  Gold  Deposit,  Tyrone  Project,  County  Tyrone  and  County  Londonderry,   Northern   Ireland   dated   January   10,   2012,   prepared   by   B.   Terrence   Hennessey,   P.Geo.,   and   Dibya   Kan9   Mukhopadhyay,   M.Sc.,   MAusIMM,   of   Micon   Interna9onal   Limited   (the   Technical  Report ).  Mar9n  Moloney,  BSc.(hons),  M.AIG,  Senior  Geologist,  Dalradian  Resources,  is  the  Qualified  Person  who  supervised  the  prepara9on  of  the  explora9on  technical  data  for  Northern  Ireland  in  this  presenta9on.  Michele  L.  Cote,  MSc.,  P.  Geo.,  Dalradian  Resources,  is  the  Qualified  Person  who  supervised  the  prepara9on  of  the  explora9on  technical  data  for  Norway  in  this  presenta9on.  John  McCombe,  PEng,  Chief  Opera9ng  Officer,  Dalradian  Resources  Inc.,  is  the  Qualified  Person  who  supervised  the  prepara9on  of  the  development  technical  data  in  this  presenta9on.  The   technical   informa9on   contained   in   this   news   release   is   based   upon   informa9on   prepared   by   Messrs.   Hennessey,   Jacobs,   Villeneuve,   Damjanović   and   Foo   of   Micon   Interna9onal   Ltd.,   who   are   each   a  Qualified  Person  as  defined  by  NI  43-­‐101.  Messrs.  Hennessey,  Jacobs,  Villeneuve,  Damjanović  and  Foo  are  independent  of  Dalradian  as  defined  by  NI  43-­‐101.       2  
  3. 3. Agenda   1.    Dalradian  Summary   2.    Northern  Ireland  Project  IntroducDon   Norway     3.    ExploraDon  –  Northern  Ireland     Northern   Ireland   4.    Curraghinalt  Deposit  -­‐  Resource  Summary   5.    Preliminary  Economic  Assessment  Results   6.    ExploraDon  –  Norway   3
  4. 4. Capital  Structure   DNA  STOCK  PRICE   TSX,  OTCQX:   DNA,  DRLDF   $3.00   Shares  outstanding:   89.5  million   Fully  diluted  :   97.5  million   (September  30,  2012)   $2.50   Market  cap:   $113.5  million   (October  2,  2012)   Average  volume:   128,439   $2.00   (30  day)   Oct. 19, 2012 $1.50 52  Week  Range:   $2.42  -­‐  $0.62   $1.50   Insider  ownership:   6%   (approximate)   $1.00   Cash  balance:   $32.7  million   (as  at  June  30,  2012)   $0.50   Jamie  Spra]   Analyst  coverage:     $0.00   Jan   Feb   Mar   Apr   May   Jun   Jul   Aug   Sep   Oct   Craig  Stanley   2012   2012   2012   2012   2012   2012   2012   2012   2012   2012  All  dollars  quoted  in  $  CAD   4
  5. 5. Our  Board:  A  Track  Record  of  Discovery  and  Development   PATRICK  F.  N.  ANDERSON   KEITH  D.  MCKAY   CHIEF  EXECUTIVE  OFFICER   CHIEF  FINANCIAL  OFFICER   Former  CEO  of  Aurelian  Resources     Former  CFO  of  Aurelian  Resources     Also  Director  of  Colossus  Minerals  and  ConDnental  Gold     COLIN  K.  BENNER   THOMAS  J.  OBRADOVICH   CHAIRMAN  OF  DELTA  MINERALS  AND  AURICO  GOLD   CHAIRMAN     Also  Director  of  Mercator  Minerals,  Lundin  Mining,   Chairman  of  Lago  Dourado  Minerals   Troon  Ventures,  and  Corsa  Capital   Former  CEO  of  Young-­‐Davidson  Mines   Former  Director  of  Aurelian  Resources   JOSEPH  F.  CONWAY   SEAN  E.  O.  ROOSEN   CEO  OF  PRIMERO  MINING  CORP.   CEO  OF  OSISKO  MINING  CORPORATION   Former  CEO  of  IAMGOLD   Also  Director  of  Rio  Novo  Gold,  Bowmore   ExploraDon  and  Astur  Gold   RONALD  P.  GAGEL   ARI  B.  SUSSMAN   Former  SVP  and  CFO  of  FNX  Mining   EXECUTIVE  CHAIRMAN  OF  COLOSSUS  MINERALS   Also  Director  of  Adriana  Resources   CEO  OF  CONTINENTAL  GOLD  LIMITED   and  Stonegate  Agricom   5
  6. 6. Our  Management  Team:   PATRICK  F.  N.  ANDERSON   KEITH  D.  MCKAY   CHIEF  EXECUTIVE  OFFICER   CHIEF  FINANCIAL  OFFICER   Former  CEO  of  Aurelian  Resources     Former  CFO  of  Aurelian  Resources     Also  Director  of  Colossus  Minerals  and  ConDnental  Gold     TIM  WARMAN   MICHELE  COTE   PRESIDENT   VICE  PRESIDENT  EXPLORATION   Former  VP,  Corporate  Development  of   Over  17  years  of  experience  as  an  explora9on  geologist   Aurelian  Resources   Also  Director  of  ConDnental  Gold  Ltd.   MARTIN  MOLONEY   ED  KELLEHER   EXPLORATION  MANAGER   VICE  PRESIDENT  SHEA  &  PERMITTING   Over  15  years  of  experience  as  an   Former  Director  of  Environment  &  Permiqng   explora9on  geologist   Kinross  Ecuador       6
  7. 7.  The  European  ExploraDon  Company                                        NORTHERN  IRELAND                                    NORWAY   §  Posi9ve  PEA  including:   §  Posi9oned  for  mineral  discovery   −  ARer-­‐tax  IRR:  41.9%     −  Under-­‐explored  in  the  20th  century   −  Cash  Opera9ng  Costs:  US  $532/oz     −  Several  northern  greenstone  belts  with   known  mineraliza9on   −  Produc9on:  Approx.  145,000  oz/year  over  15   year  mine  life   −  Historic  Kongsberg  silver  district  in  south       §  High-­‐grade  2.7M  ounce  gold  resource   (all  categories)1   §  Regional  sampling  program  underway   −  Ini9al  stream  sediment  sampling  program   −  Measured:  0.02  MT  grading  21.51  g/t  Au  for   completed  in  Kongsberg  silver  district   10,000  contained  ounces   −  Ini9al  9ll  sampling  program  completed   −  Indicated:    1.11  MT  grading  12.84  g/t  Au  for   over  Kautokeino  greenstone  belt   460,000  contained  ounces   −  Inferred:    5.45  MT  grading  12.74  g/t  Au  for   2.23  million  contained  ounces     §  Pro-­‐mining  Investment     §  18,000m  drilling  program  started  July  9,  2012   −  Government  investment  in   geological  surveys  1  Refer  to  press  release  en9tled  “Dalradian  Announces  Resource  Increase  at  Curraghinalt”  at   7
  8. 8. Northern  Ireland:    §  Our  flagship  asset:  Curraghinalt   U.K.  &  BRITISH  ISLES   NORTHERN   mesothermal  high-­‐grade  gold  deposit   IRELAND  §  Excellent  regional  infrastructure   Curraghinalt   Deposit  §  Over  84,000  hectares  under  explora9on   Lonmin  §  Poten9al  exists  for  further  precious   and  base  metals  deposits   Irish  Salt   Mining   Gor9n   Rousky   Cavanacaw   Galantas  Gold   Omagh   BELFAST   Conroy   Diamonds   &  Gold   In  produc9on   Exploring  for   Pla9num  and   Extensive   since  late  2007   gold  along  a     palladium   underground   50  km  trend   explora9on   mining   8  
  9. 9. Three-­‐Pronged  ExploraDon  Approach   18,000  METRE  DRILLING  PROGRAM   Curraghinalt   Grow  exisDng  resource   Deposit  GROW   §  Increase  confidence  in  current  resource   numbers   §  Commenced  drilling  high  priority  targets   July  2012   Explore  along  strike  from  Curraghinalt  EXTEND   §  8  km  trend  -­‐  Extend  known  limits  of  the  deposit     §  Test  targets  generated  from  recent  geochemical   and  geophysical  anomalies   §  Anomaly  A  target  tested  –  1.7  km  step-­‐out   Curraghinalt   returned  2.22m  grading  14.07  g/t  gold  &  1.47m   Trend   grading  23.62  g/t  gold   Wildcat  holes  -­‐  Explore  regional  targets   Four  WILDCAT   §  Test  regional  targets  generated  from  recent   Concessions   geochemical  and  geophysical  anomalies   9
  10. 10. Curraghinalt:  2012   May 2 Jul 18 Jul 25 Aug 1 Sep 10 Sep 19 Sep 27 Oct 92012 Dalradian reports assays from Completes airborne Dalradian reports Dalradian receives Dalradian files 1700 metre step-out 14,673 metre program – 13.8 g/ geophysical survey positive PEA for water discharge 43-101 Technical hole - 2.22m grading t gold over 3.35m, 10.43 g/t Curraghinalt permit for the Report for the 14.07 g/t gold and gold over 3.75m and 22.83 g/t Curraghinalt deposit Curraghinalt Gold 1.47m grading 23.62 gold over 1.48m Deposit PEA g/t gold Dalradian hits two of Dalradian Completes the best main vein Crow   surface surveys: soil intercepts in the Bend   geochem grid identifies history of the project, 106-­‐16   new targets, grab including a 120m No1   sample returns 68 g/t step-out and new T17   gold, drill mobilized discovery shows the   Sheep Dip   Mullan   hanging wall and Road   footwall zones are gold bearing S  10 Curraghinalt   Trend   10  
  11. 11. Curraghinalt  Deposit   N   Road   ABB-­‐D   Sheep  Dip   ABB-­‐G   Mullan   T17   Kiln  Shear   No1   106-­‐16   Crows  Foot  Shear   Bend   Crow   106-­‐16      2.0m:  24.0  g/t  @  depth  41.5m                                  3.3m:  16.9  g/t  @  depth  615.7m   No  1      2.0m:  48.7  g/t  @  depth  77.0m                          1.6m:  56.3  g/t  @  depth  416.2m   T17      4.1m:  42.7  g/t  @  depth  42.9m                      2.5m:  20.5g/t  @  depth  226.9m                                Veins  in  Current  Resource                                Newly  intersected  Veins                                Interpreted  Veins                                Along  Trend  Anomalous  Veins  11 prepared  by  Micon  Interna9onal  Limited,  dated  January  10,  2012.  Report                                2012  Drill  Hole   Includes  drilling  up  to  August  2011  –  more  than  13,000  metres  drilled  on  the  deposit  since  resource  cut-­‐off.   11
  12. 12. Cross  SecDon  12-­‐CT-­‐156   CROSS-­‐SECTION  A  –  A’   12
  13. 13. Curraghinalt  Trend   GLACIATED  TERRAIN  WITH  MINIMAL  OUTCROP   Golan  Burn   Outcropping  veins  including   60cm  @  61.43  g/t  Au   8  km Curraghinalt     Deposit   Hole  11-­‐CT-­‐99   3.2m  @  5.34  g/t  Au  Curraghinalt  Trend   Hole  12-­‐CT-­‐162   Scotch  Town   1.47m  @  23.6  g/t  Au   Peak  of  10.52  g/t  Au   2.22m  @  14.1  g/t  Au   In  mineralized  boulders   1700 m   Curraghinalt  Deposit   Resource  as  at  Nov  2011  –   Measured:  0.01  Moz  Au                                          (0.02MT  @  21.51  g/t)   Indicated:  0.46  Moz  Au                                          (1.11MT  @  12.84  g/t)   Inferred:  2.23  Moz  Au   Alworries                                          (5.45  MT  @  12.74  g/t)   1.88  metres  @  20.8  g/t  Au  in   vein  in  quarry  Intercept  in  hole  11-­‐CT-­‐99  projected  up  dip  to  170m  mSL   13
  14. 14. Curraghinalt  14 14
  15. 15. Recent  Findings:  C  Veins   CURRAGHINALT  VEIN  RELATIONSHIPS   §  Gold  bearing  cross-­‐ cuqng  structures  known   as  “C”  vein  swarms   §  Evalua9ng  the  poten9al   contribu9on  to  the   resource  at  Curraghinalt   §  80  km  of  core  unsampled       15
  16. 16. C  Vein  Swarms  –  An  Untested  Resource…   “C” Vein Pervasive Carbonate Alteration C Veinlet Swarm16 16
  17. 17. ExploraDon  Plan   GROW   §  Complete  re-­‐evalua9on  of  the  deposit   –  Ini9al  evalua9on:  Sample  ~  30km  of  core   –  New  sec9onal  interpreta9on  /  wireframes   §  Infill  drilling  where  warranted   EXTEND   §  Target  high  grade  shoots  at  depth   §  Target  shallow  ounces  along  strike   WILDCAT   §  Test  exis9ng  trend  &  regional  targets   §  Expand  soil  geochemistry  coverage   17
  18. 18. ExploraDon  Summary  §  In  the  last  2  years…   –  >4-­‐fold  increase  in  contained  ounces   –  Implemented  a  modern  explora9on  organiza9on  §  Deposit  is  open  in  all  direc9ons  §  Successfully  targeted  high  grade  shoots  at  depth  §  “C”  veinlets,  a  game  changer…   –  Reduce  dilu9on   –  Stand-­‐alone  ounces?   –  Poten9al  for  alterna9ve  mining  methods  §  Big  trend  &  excellent  explora9on  tools  (soil,  IP)  §  Clear  strategy,  competent  team     18
  19. 19. Curraghinalt:  A  Growing  Resource   CURRAGHINALT  RESOURCE  ESTIMATE    §  1986-­‐1987  resources  es9mates  are  historical   non  43-­‐101  compliant  resources   Millions  of  Ounces   Metres  Drilled  §  2003  to  2011  resource  es9mates  are  reported   43-­‐101  compliant   3.0   50,000   2.5   40,000   2.0   30,000   1.5   20,000   1.0   10,000   0.5   0.0   0   2007                  2010  DNA   2011  DNA       (Pre-­‐DNA)   Year  1   Year  2   27  years  of  work   2  years  of  work  Images presented for illustrative purposes only 19
  20. 20. Preliminary  Economic  Assessment   3  YEAR  TRAILING  AVERAGE  GOLD  PRICE:  $1378/ KEY  PEA  DATA*   ounce   NPV  with  8%  discount  rate   $467  million   IRR  (ARer-­‐tax)   41.9%   Payback  from  Day  1  of  Construc9on   2  years   Average  Annual  Produc9on   145,000  ounces/year   Life  of  Mine   15  years   Ini9al  Capex  ($38M  con9ngency)   $192  million   Cash  Costs   $532/ounce  or  $125/tonne   Diluted  Grade   8.1  g/t  Au   Gold  Recovery   92%   PEA results released on July 25, 2012. The PEA is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the results of the PEA will be realized.*  Prepared  by  Micon  Interna9onal  Limited  All  dollars  quoted  in  $  USD  unless  stated  otherwise   20 20
  21. 21. PEA:    Mining  Longhole  Mining  with  Ramp  Access  &  Truck  Haulage:  §  Local  availability  of  experienced  longhole  miners  §  More  dilu9ve  than  cut  and  fill  but  less  expensive  and   easier  to  manage   §  Cost  trade-­‐off  not  material  §  1.8  metres  mined  width  (80%  dilu9on  on  resource)  §  20  metre  sub  level  spacing  §  Less  than  10  working  faces  at  any  one  9me   Longhole  Mining  at  Bulyanhulu  Gold  Mine   PRODUCTION  RATE   MINING  COST   PROJECT   (TPD)   (US$/T  MILLED)   COMMENTS   Curraghinalt   1,700     $76.50  (US$/t  mined)   (Dalradian,  N.  Ireland)   1.8  m  stope  widths   (planned)   (PEA  es9mate)   Bulyanhulu   (African  Barrick,  Tanzania)   3,300   $156.00   Narrow,  steeply-­‐dipping  veins   Daisy  Milano   (Silver  Lake  Resources,  W.   540   Cash  Costs  of  $660/oz   Stope  widths  down  to  1  m   Australia)   Lawlers   $30.06   (Barrick,  Australia)   2,200   Shallow  dipping  veins,  2-­‐6  m  thick  21 (2003)   21 21
  22. 22. PEA:  Processing  OpDons  Examined:   Preferred  opDon:  §  Grinding  –  Whole  Ore  Leach   §  Crushing,  grinding,  whole  ore  cyanida9on   and  conven9onal  tailings  disposal  §  Grinding  –  Gravity  –  Flota9on  of  Gravity  Tails   –  CN  of  Flota9on  Concentrate   §  92%  gold  recovery  §  Grinding  –  Gravity  –  Flota9on  –  Sale  of  Concentrate §  Opportunity  for  further  op9miza9on   (s)   of  mill  circuit  §  Grinding  –  Cu  Flota9on  –  Pyrite  Flota9on    –  CN  of  Pyrite  Concentrate      22  Rio  Tinto  Groups  Northparkes    mine  in  Parkes,  New  South  Wales,  Australia   22 22
  23. 23. Development  Next  Steps   Gemng  Back  Underground   Permimng:     §  Working  with  government  to  op9mize  the   permiqng  process   §  Pre  consulta9on  permiqng  discussions  with   10+  agencies   §  Formal  submission  of  applica9on  for   underground  explora9on  development     Underground  ExploraDon  Development:   §  2,000  metres  of  underground  development   §  Prove  up  vein  con9nuity   §  Demonstrate  mining  method  works     23
  24. 24. Becoming  Part  of  the  Community   24
  25. 25. Norway:   “Let  the  Treasure  Hunt  Begin”  Industry  Minister,  Trond  Giske  at  Press  conference  announcing  new  direc9on  in  mineral  strategy  for  Norway   25
  26. 26. Another  Mining  Friendly  JurisdicDon  •  The  new  Mineral  Act  legisla9on  passed  in   N O R W A Y   January  2010  to  promote  mining  ac9vi9es   Pasvik  •  Minister  of  Industry  announces  large   Karasjok   Kautokeino   investment  over  4  years  to  iden9fy  mineral   resources   Rombak  •  Dalradian  has  acquired  mineral  rights  over  6   areas  including  three  greenstone  belt,  a   basement  window  and  a  historic  silver   mining  district   SCANDINAVIA  •  Proper9es  total  more  than  1,700,000   hectares   Sweden  •  Country  with  good  infrastructure,  educated   workforce  and  stable  government   Finland   Kongsberg   Norway     OSLO   Bamble   26
  27. 27. Here  be  Monsters…  1.  Kimlä  Gold  Mine   Bidjovagge   4   3   Pechenga   –  Largest  gold-­‐mine  in  Europe   Pechenga   Kimlä   1   2   Sakamlampi   Kimlä   –  Total  combined  MI&I  =  7.2Moz  Au   Sakamlampi  2.  SakaDllampi  Discovery     SWEDEN   RUSSIA   –  Possibly  largest  nickel-­‐copper  deposit  discovery   in  Europe   (reported  samples  of  4%Ni)   FINLAND   –  Announced  by  AngloAmerican   NORWAY   on  November  3rd,  2011   HELSINKI  3.  Pechenga  District   OSLO   STOCKHOLM   –  In  Russia  ~  25km  from  Norwegian  border       –  Probable  reserves  of  150Mt  @  1%  Ni  and  Proven   Reserves  of  30Mt  @  2%  Ni,  1%  Cu,  0.04%  Co   Other  Producing  Mines   Dalradian  Concession  Areas  4.  Bidjovagge  Gold-­‐Copper  Mine   Greenstone  Belts   –  Historical  produc9on  of  greater  than  200,000   ounces  of  Au  &  14  M  pounds  of  Cu   27
  28. 28. Northern  Concessions  Kautokeino  Concession  §  Explora9on  program  focused  on  Kautokeino   greenstone  belt  –  largest  of  the  3  belts  §  Program  of  2,378  9ll  samples  completed   N  §  Completed  9ll  orienta9on  survey  around   former  producing  gold  mine,  Bidjovagge  Other  Northern  Concessions  §  Extensive  program  of  consolida9ng  and   reinterpre9ng  historic  and  new  geophysical   data  to  iden9fy  priority  explora9on  targets   over  all  4  concessions  §  Goal  is  to  be  drilling  our  best  targets  by  2013   28
  29. 29. Kongsberg  in  the  Southern  Concessions  §  Historic  silver  mining  district  with  produc9on   of  40+  million  ounces  with  average  grades  of   356  g/t  silver  §  3  teams  on  stream  sediment  sampling   program  of  1,000  samples  –  approximately   50%  complete  §  Crews  will  return  in  Q1  2013  for  program   comple9on  §  Sampling  of  historical  precious  and  base   metal  occurrences  underway  §  Extensive  program  of  reviewing  and   reprocessing  new  and  historic  geophysical   data  to  iden9fy  priority  explora9on  targets  §  Goal  is  to  be  drilling  our  best  targets  by  2013   29
  30. 30. Moving  Ahead   NORTHERN  IRELAND   Advanced  ExploraDon       §  Grow  Exis9ng  Resource  EXPLORATION   §  Explore  Along  Strike  from  Curraghinalt   §  Explore  Regional  Targets  for  New  Discovery   Norway   Underground  Development   §  8  km  trend  -­‐  Extend  known  limits   Northern  DEVELOPMENT   of  the  deposit     Ireland   §  Test  targets  generated  from   recent  geochemical  NORWAY   Greenfields  ExploraDon   EXPLORATION   §  Extensive  program  to  iden9fy  priority   explora9on  targets   30
  31. 31. The European Explorer Patrick F. N. Anderson Chairman & Chief Executive Officer Investor Relations Shae-Lynn Mathers Director, Investor Relations 416.583.5622 Trading Symbol: DNA on TSX Executive Office: Dalradian Resources Inc. 155 Wellington Street West Suite 2920 Toronto, Ontario Canada M5V 3H1 31
  32. 32. Curraghinalt  NI  43-­‐101  Technical  Report  Prepared  by  Micon  InternaDonal  Limited  §  Dated  January  10,  2012  §  Updated  from  May  10,  2010  and  reflects  revised  gold  price   Curraghinalt Mesothermal Gold Deposit Measured 0.02 MT @ 21.51 g/t Au for 0.01 million contained ounces Indicated 1.11 MT @ 12.84 g/t Au for 0.46 million contained ounces Inferred 5.45 MT @ 12.74 g/t Au for 2.23 million contained ounces Notes: §  Combined royalties of 6% §  Assumes US$900/oz and an economic cut-off grade of 5 g/t Au over a minimum thickness of 0.10 metres, diluted to 1 metre at 0 grade §  Using a cut-off grade of 5 g/t §  All veins less than 10 cm were excluded §  Width or vein thickness is measured at 90 degrees to the vertical §  "Vein thickness" refers to a zone of grade and may not be 100 per cent vein material §  Please see "A Mineral Estimate for The Curraghinalt Gold Deposit, Tyrone Project, County Tyrone and County Londonderry, Northern Ireland” dated January 10, 2012 and available at 32
  33. 33. Tyrone  Project:  Curraghinalt  &  Glenlark  Trend   DG4  Curraghinalt  Deposit   DG3 DG1 DG2 33
  34. 34. 34
  35. 35. ExploraDon  Tools   CURRAGHINALT  TREND   2012  Geophysics   High Resolution Aeromagnetic Image flown over Curraghinalt Trend – April 2012   2012  Geochem   Historical Geochem with Extended 2012 Soil Survey   Curraghinalt  Trend   Glaciated terrain with minimal outcrop 35