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1. A Golden Opportunity In Northern Ireland
Curraghinalt Deposit
Investor Presentation September 2011
Patrick F. N. Anderson
Chairman and
Chief Executive Officer
2. Forward-Looking Information and QualiďŹed Person
Certain statements in this presentation, other than statements of historical facts relating to the company, constitute âforwardâlooking information within the meaning of
applicable securities laws. Such forward-looking information may include, but is not limited to, statements with respect to the future ďŹnancial or operating performance of
the company, its subsidiary and its mineral project, the future price of metals, the estimation of mineral resources, the realization of mineral resource estimates, the timing
and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits,
costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title
disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Often, but not always,
forwardâlooking statements can be identiďŹed by the use of words such as âplans, âexpects, âis expected, âbudget, âscheduled, âestimates, âforecasts, âintends,
âanticipates, or âbelieves or variations (including negative variations) of such words and phrases, or state that certain actions, events or results âmay, âcould, âwould,
âmight or âwill be taken, occur or be achieved.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions such
as continued political stability in Northern Ireland, that permits required for the company s operations will be obtained in a timely 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 operations continue to grow, that the
price of gold will remain at levels that render the project economic, and that the company will be able to continue raising the necessary capital to ďŹnance its operations and
realize on mineral resource estimates and current mine plans.
Forwardâlooking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the
company and/or its subsidiary to be materially different from any future results, performance or achievements expressed or implied by the forwardâlooking statements.
Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities;
conclusions of economic evaluations; changes in project parameters as plans continue to be reďŹned; future prices of metals, including gold; possible variations of ore
grade or recovery rates; failure to convert estimated mineral resources into mineral reserves; failure of plant, equipment or processes to operate as anticipated; actual
results of reclamation activities; accidents, labour disputes; political instability and risks arising from operating in Northern Ireland; delays in obtaining governmental
approvals or ďŹnancing or in the completion of development or construction activities; uncertainties relating to the availability of future ďŹnancing; inďŹation; ďŹuctuations in
exchange rates; uninsured risks and other risks of the mining industry.
Although the company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in
forwardâlooking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forwardâlooking
statements contained herein are made as of the date hereof and the company disclaims any obligation to update any forwardâlooking statements, whether as a result of
new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forwardâlooking 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
forwardâlooking statements.
The technical data in this presentation was taken from the technical report entitled âA Mineral Resource Estimate for the Curraghinalt Gold Deposit and a Review of a
Proposed Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland dated May 10, 2010, prepared by B. Terrence Hennessey,
P.Geo., and Dibya Kanti Mukhopadhyay, M.Sc., MAusIMM, of Micon International Limited (the Technical Report ).
Eur Geol Garth Earls, Managing Director, Dalradian Gold Limited, is the QualiďŹed Person who supervised the preparation of the technical data in this presentation.
2
3. Why Invest?
â˘âŻ High-grade 1.5MM ounce gold resource (all categories)
â˘âŻ Inferred: 1.16 million â 14.64 g/t Au
â˘âŻ Indicated: 400,000 â 13.24 g/t Au
â˘âŻ 6 drills turning
â˘âŻ Focus on resource expansion and conďŹrmation
â˘âŻ Resource update planned for Q4 2011
â˘âŻ 84,000 ha property
â˘âŻ 19 regional targets identiďŹed
â˘âŻ Exploration drilling underway
â˘âŻ Low political risk
â˘âŻ Northern Ireland open for business and resource friendly
â˘âŻ Experienced management and board
â˘âŻ Track record of discovery and development
â˘âŻ Well funded
â˘âŻ Approximately $25 million in cash as at August 10, 2011
â˘âŻ Management owns > 8%
3
4. Capital Structure
â˘âŻ TSX: DNA
â˘âŻ Shares outstanding â 69.8 million
- Fully diluted â 76.3 million
- Market cap - $134.8 million
- Average volume (10 day) â 283,511
â˘âŻ Analyst coverage
â⯠GMP: Andrew Mikitchook
â⯠Clarus: Laurie Curtis
As at September 21, 2011
4
5. Board & Management: â¨
A Track Record of Discovery and Development
Colin K. Benner⨠Patrick F. N. Anderson
Chairman of Capstone Mining Corp.,⨠Chairman and Chief Executive Officerâ¨
Creston Moly Corp., and Corsa Capital Ltd.⨠Former CEO of Aurelian Resources Inc.
Also Director of Colossus Minerals Inc.,
Joseph F. Conway⨠Malbex Resources Inc. and Continental Gold â¨
CEO of Primero Mining Corp.
Limitedâ¨
Former CEO of IAMGOLD Corporationâ¨
Keith D. McKay
Ronald P. Gagel⨠Chief Financial Officerâ¨
Former SVP and CFO of FNX Mining Company Inc. ⨠Former CFO of Aurelian Resources Inc.
Also Director of Adriana Resources Inc. and
And Director of Noront Resources Ltd.â¨
Stonegate Agricom Ltd.â¨
John McCombe
Thomas J. Obradovich
Chief Operating Officer
Former CEO of Young-Davidson Mines Ltd.⨠Director of Revett Minerals
Former Director of Aurelian Resources Inc.
Former SVP, Operating Strategy of IAMGOLDâ¨
Chairman of Lago Dourado Minerals Ltd.
⨠Carson Noel
Sean E. O. Roosen⨠Executive Vice President
CEO of Osisko Mining Corporation
Former General Manager, Aurelian Ecuador, S.A.
Also Director of Rio Novo Gold Inc. and
Bowmore Exploration Ltd.⨠Garth Earls
Managing Director, Dalradian Gold Limitedâ¨
Ari B. Sussman⨠Former Director, Geological Survey â¨
Chairman and CEO of Colossus Minerals Inc. ⨠of Northern Ireland
CEO of Continental Gold Limited
â¨
5
6. Exploring Northern Ireland
â˘âŻ Devolved government within the United
Kingdom
â˘âŻ Currency: pound sterling
â˘âŻ Population: approximately 1.8 million
â˘âŻ The government of Northern Ireland recently
invested approximately C$15 million in
geological surveys to attract investment
Tellus Project
6
7. Northern Ireland: A Resource Rich Country
Lonmin PLC is exploring for
â˘âŻ Excellent regional platinum and palladium
infrastructure
â˘âŻ Our ďŹagship asset is the
Curraghinalt
mesothermal high grade
gold deposit
â˘âŻ Over 84,000 hectares
under exploration
â˘âŻ Potential exists for
further precious and
base metals deposits
Galantas Gold
Corporation has been in
â¨
⨠production since late
2007
Conroy Diamonds & Gold
â¨
⨠exploring for gold along aâ¨
50 km trend
7
8. Active Resource Industry in County Tyrone
â˘âŻ There are approximately 150 open cast operations in the region
Cavanacaw Gold Mine
Sand and gravel pit
100
metres
Peat Harvesting
Gortin Glen Logging
8
9. Curraghinalt: 3D Schematic of Veins and Adit
â˘âŻ Work
historically
focused
proximal to
discovery
outcrop
9
10. Current Drilling Program: Resource Expansion
â˘âŻ September 6, 2011 â
Drilling at Curraghinalt
intersects 8.34 metres of
5.84 g/t gold and 3.2
metres grading 5.34 g/t
gold. Additional parallel
veins discovered to the
South of the deposit.
â˘âŻ June 8, 2011 â Drilling at
Curraghinalt intersects
2.06 metres of 111.6 g/t
gold and 1.11 metres
grading 26.84 g/t gold
â˘âŻ April 7, 2011 â Hole 11-
CT-85 cut 2.54 metres of
20.61 g/t gold
â˘âŻ February 28, 2011 â Hole
10-CT-76 cut 2.74
metres of 15.27 g/t gold
â˘âŻ December 2, 2010 â Hole
10-CT-73 cut 1.83
metres of 37.41 g/t gold
â˘âŻ October 14, 2010 âTwo
new parallel veins Please see Appendix for cross-sections.
discovered
10
11. Veins open at depth
â˘âŻ Longer holes intercept as many as nine veins
â˘âŻ Proximity favourable for shared infrastructure
385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 386,000mN 386,200mN 386,400mN 386,600mN
A
E A'
E'
-CT 83
-87
89
11 -CT-
T-
-C
11
11
200mMSL
200mMSL
200mMSL
200mMSL
0mMSL
0mMSL
0mMSL
0mMSL
-200mMSL
-200mMSL
Dalradian Resources
Curraghinalt Deposit
Curraghinalt Deposit Figure 3: A - A'
E - E'
Date:07/06/2011
(Section 256930E) Legend
Date:07/06/2011
(Section 257050E) Legend Author: Dalradian
Author: Dalradian
Office: Gortin Intercepts reported as: Planned drillhole Shear zone
Office: Gortin Intercepts reported as: Planned drillhole Shear zone True width (m), Au grade (g/t)
-200mMSL
Drawing: SC
True width (m), Au grade (g/t) Drillhole
Drawing: SC
Scale: 1:3000 Projection: Non-Earth (meters) Vein (projected)
Drillhole Vein (projected) complete/active
-200mMSL
Scale: 1:4000 Projection: Non-Earth (meters)
complete/active
-400mMSL
Reported drillhole Vein (intersected)
-400mMSL
0 25 50 100 Reported drillhole Vein (intersected)
metres
386,000mN 386,200mN 386,400mN
386,000mN 386,200mN 386,400mN 386,600mN
11
13. Comparing Curraghinalt Drilling to Mesothermal Model
Demonstrates Potential for Expansion
â˘âŻ Potential exists
to discover
additional veins
proximal to
resource and
new veins
outside the
principal zone
â˘âŻ System open
along strike
and down dip
â˘âŻ Additional After Colvine, A.C. et al,
potential to 1989.
north and south
An empirical model for the
formation of Archean gold
deposits: Economic Geology
Monograph (The Geology of
Gold Deposits: The
Perspective in 1988), p
37-53.
13
14. Open along strike
â˘âŻ Glaciated terrain
with minimal
outcrop
â˘âŻ Drilling is
primary
exploration tool
14
16. Regional Exploration Plan
â˘âŻ April 2011
Regional Exploration Commenced
â˘âŻ April â May 2011
4 Seasoned Canadian Prospectors enlisted to traditionally
prospect the property which was previously underexplored.
This group had a tremendous track record for new surface
discoveries.
â˘âŻ July 2011
Dedicated drill onsite for Regional Exploration
â˘âŻ July 2011
Prospecting IdentiďŹed 19 New Gold and Base Metal Targets:
-⯠12 targets in Dalradian metasediments
-⯠7 targets in Tyrone Volcanic Group
16
17. Regional Exploration
â˘âŻ On license DG1, 461
samples with grades up
to 172.9 g/t Auâ¨
â˘âŻ On license DG2, 691
samples with grades up
to 112.2 g/t Au and
some ďŹoat samples with
VMS style
mineralization including
one grading 8.8% Zn,
1.2% Pb, 1.7 g/t Au and
8.5 g/t Agâ¨
â˘âŻ On license DG3, 350
samples with grades up
to 209.92 g/t Auâ¨
â˘âŻ On license DG4, 261
samples with grades up
to 187 g/t Au
17
18. 19 Target Areas â 3 Exploration Trends
Â
Glenlark Trend
Curraghinalt Trend
18
20. Dalradian: A Golden Opportunity in Northern Ireland
â˘âŻ Initial strategy is to explore and develop Curraghinalt mesothermal gold deposit
in Northern Ireland
â˘âŻ Resource update in Q4 2011
â˘âŻ Dalradian is exploring additional targets on its approximately 84,000-hectare
Tyrone Project
â˘âŻ Well funded to execute on strategy
20
22. Curraghinalt NI 43-101 Technical Report
â˘âŻ Prepared by Micon International Limited
â˘âŻ Dated May 10, 2010
â˘âŻ Updated from November 2007 and reďŹects revised gold price
Curraghinalt Mesothermal Gold Deposit
Indicated
0.95 MT @ 13.24 g/t Au for 0.4 million contained ounces with an average width of 1.35 m
Inferred
2.46 MT @ 14.64 g/t Au for 1.16 million contained ounces with an average width of 1.18 m
Notes:
§⯠Subject to a 2% NSR royalty to Minco Plc and a 4% royalty to the Crown Estate on silver and/or gold production
§⯠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 and A Review of a Proposed Exploration Program for the Tyrone Project, County
Tyrone and County Londonderry, Northern Ireland" dated May 10, 2010 and available at www.dalradian.com
22
23. Multiple High Grade Gold Veins â 43-101
Name
Width
Grade
Depth
Sheep Dip Vein
1.1 m
29.3 g/t
149.6 m
1.3 m
31.4 g/t
36.1 m
Mullen Vein
1.0 m
19.3 g/t
274.0 m
1.3 m
19.6 g/t
49.9 m
T-17 HW Vein
4.1 m
42.7 g/t
42.9 m
1.6 m
56.3 g/t
416.2 m
T-17 Vein
3.4 m
68.1 g/t
39.6 m
1.5 m
27.0 g/t
107.0 m
No. 1 Vein
2.0 m
48.7 g/t
77.0 m
1.3 m
65.7 g/t
159.8 m
106-16 Vein
2.0 m
24.0 g/t
41.5 m
3.3 m
16.9 g/t
615.7 m
Road Cut Vein
1.6 m
14.1 g/t
55.5 m
1.2 m
13.9 g/t
123.1 m
23
27. A Golden Opportunity in â¨
Northern Ireland
Patrick F. N. Anderson
Chairman andâ¨
Chief Executive Officerâ¨
Shae-Lynn Mathers
Director, Investor Relations:
416-583-5622
smathers@dalradian.com
Trading Symbol:
DNA on TSX
Corporate Office:
Dalradian Resources Inc.
155 Wellington Street Westâ¨
Suite 2920
Toronto, ON M5V 3H1
www.dalradian.com