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 “forward-looking 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, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the company operates, lack of appropriate 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 43-101 (Canadian Securities Administrators). The company undertakes no obligation to update any “forward-looking statements”. We seek Safe Harbour.
New, modern and western oriented mining code (2004)
Low tax rate, tax incentives in our area, VAT re-payments
0.5-1 % effective royalty, 20 % corporate tax
One of the world’s last under explored mineral-rich regions
Recent large discoveries include:
EGO-T: Kisladag ( 254 Mt @ 0.95 g/t Au – 7.8 M oz Au = $10.7 B )
ANO-T: Cöpler (90 Mt @ 1.87 g/t Au – 5.4 M oz Au = $7.4 B)
ENK-ASX: Caldag (33 Mt @ 1.3 % Ni – 946 M lbs Ni = $9.8 B excluding Cobalt value )
AGM-V: Yenipazar (+25 Mt @ 1.1 g/t Au, 33.8 g/t Ag +Zn+Pb+Cu = $4.3 B)
Yenipazar Open Pit Resources Contained metal: 854,400 oz of Au, 26.6m oz of Ag, 819m lbs of Zn, 624m lbs of Pb and 167m lbs of Cu. In-ground metal value at current prices: Approximately US$4.3 billion. NI 43-101-compliant resource estimate based on 370 drill holes in an optimized open pit shell (Feb 2011) Million Tonnes Au g/t Ag g/t Cu % Pb % Zn % Ind. 24.28 1.09 33.8 0.31 1.16 1.52 Inf. 0.22 0.49 22.7 0.30 0.71 1.16
Large land package — 100 km2 property that has seen very limited exploration, level and low-relief, open terrain used predominantly for farming
Local support — Near-by village with pro-mining work force and strong community support. Local unskilled labour rate is US$20/day – farmers earn less than that. AGM has been working in the area since 2004.
Agreement with Anatolia — to earn 100 % interest. Anatolia Minerals retains 6 % net proceeds interest (revenue minus operational cost) until a total revenue of US$165m, and 10% beyond that amount
Commitment — Aldridge must deliver a feasibility to Anatolia. The agreement remains valid without time limit, as long as Aldridge works diligently towards completing feasibility study.
Open pit project — volcanogenic massive sulphide (VMS) Zn-Pb-Cu-Au-Ag deposit. Robust economics as demonstrated by our PEA.
Solid Resource Base — +24 Mt within an optimized open pit shell. This puts Yenipazar in the 90 th percentile of all known VMS deposits as far as size
Great Infrastructure — paved road next to the deposit, as well as access to water. Power and rail within approximately 20 km
Unique characteristic — Large ore mineral grains due to metamorphism – potentially more cost-efficient separation from host rock than usual VMS-deposits
Deposit dimensions — roughly flat lying body should allow for flexible mine sequencing to optimize early payback - 1700 m long, up to 300 m wide, 30-190 m deep, on average about 25-30 m thick. Still open, especially to the north of the deposit
Deposit open to north, where holes had to be abandoned before they could reach the orebody.
A number of RC-holes (seen on map in yellow) are to be re-drilled with a diamond rig because the hole stopped in mineralization or presumably earlier. This could significantly add to our resources. To be completed during feasibility
For resource determination: 280 RC holes and 6 Diamond holes were used of the total database of 371 holes (364 RC + 9 Diamond)
High-grade Intersections Hole-No Interval (m) Thick-ness Au g/t Ag g/t Cu % Pb % Zn % YP-149 92 126 34 m 5.78 93.4 1.11 2.72 3.90 YP-151 58 70 12 m 3.62 52.0 1.03 0.52 2.76 YP-151 74 100 26 m 6.35 52.5 1.62 1.18 2.79 YP-156 42 90 48 m 3.93 16.7 1.09 0.30 0.30 YP-156* 110 150 22 m* 0.46 26.9 0.15 0.81 1.39 YP-264 52 100 48 m 4.72 66.2 0.96 4.22 7.65 YP-282 82 114 32 m 2.93 82.1 0.97 3.10 4.84 *Cumulative thickness of 4 levels in 110-150 m interval
Recent Yenipazar Drilling News Pairs of RC and duplicated diamond holes, 5 m apart. * YPD-1 includes 112-114 m (61 g/t Au), 122-124 m (20.15 g/t Au), 124-126 m (12.5 g /t Au). Capped at 10 g/t Au, the average grade for the diamond drilled interval of 62-130 meters is 2.05 g/t Au.
Yenipazar Mineralization Large mineral grains at Yenipazar allow for gravitational pre-enrichment
Favourable Terrain Shallow topography is ideal for open pit construction
Recognized significant mineralization potential in one of the most prospective areas of PNG between Porgera and Ok Tedi.
Acquired a 338 sq. km license awarded in Feb 2009. Received 3 requests from majors to JV the property before any results published.
Identified two highly interesting mag anomalies similar to Porgera. AGM completed a 4 week mapping and sampling campaign that outlined a Cu-Au system within a 10 km alteration footprint, then followed up with further sampling.
Discovered a very large Cu-Au porphyry & skarn system informally called ‘MAG1’. The sampling results here were far above our expectations with two rock samples grading between 23% - 35% Cu with an average of 60 g/t Au and 238 g/t Ag; 13 samples grading from 1.0% - 12.9% Cu with an average of 0.44 g/t Au and 3.8 g/t Ag; 28 samples grading from 0.3% - 1.0% Cu with an average of 0.39 g/t Au and 3.8 g/t Ag. Also had one sample grade 9.1% zinc.
Aldridge PNG License Area Base image source: PNG Mineral Resources Authority, Info-DVD distributed on PDAC 2009-3, Toronto
Jacob is a geologist with a Masters in Business Administration from the University of Windsor and became president of Aldridge in April 2010. He joined the board in February 2010. He was previously a partner and mining analyst at Paradigm Capital in Toronto, a highly ranked investment firm with a specialization in mining finance, where he worked for five years until choosing to leave in March 2009. He is also a director of Foxpoint Capital Corp.
Dr. Martin Oczlon, CEO & Director
Dr Oczlon spent seven years during the 1990’s with BHP as senior exploration geologist in SW Asia and SE Europe. He drilled the discovery holes for the Reqo Diq Cu-Au porphyries in Pakistan, now with 21 Mt Cu + 37 Moz Au. From 1999-2002, he developed a private exploration company with a large project in Romania and sold it at a 200% profit. Aldridge Director since 2003, responsible for project acquisition, exploration and development
Mr. Colin began his career as an investment banker in 1980. Formally the Director & Head of Corporate Finance at Octagon Capital Corp, he is currently providing corporate strategy consulting services to CEO's of public companies. Previous to his position at Octagon Capital, Mr. Colin was an investment banker with Desjardins Securities Inc., Executive VP of Deacon Capital, and Senior VP of Richardson Greenshields. He is also a director of Premier Gold and Ursa Major Minerals. He is a Member of the Bar of the Province of Quebec and holds a Master of Business Administration from the University of Western Ontario
Daniella Dimitrov, Director Ms. Dimitrov has over 16 years of broad commercial and operational experience in senior executive roles with major companies. She has held principal roles in mergers, acquisitions, financings, corporate finance and joint ventures. Ms. Dimitrov’s former positions include Senior VP, Strategic Initiatives of Raymond James Ltd., COO of Dundee Securities and Dundee Private Investors, General Counsel for the Dundee group of companies and counsel at a national law firm. She is also a director and vice chair of Baffinland Iron Mines.
Barry founded The Equicom Group in 1995 and remained its President until October of 2009. In 2007, Equicom was acquired by the TSX Group. Mr. Hildred also serves on the Board of the Children's Aid Foundation and is a past member of the Ontario Securities Commissions' Continuous Disclosure Advisory Committee.
Mark Monaghan, Director Mark is a business consultant with 17 years of institutional equities and public company experience. He has worked in various capacities at TD Securities, Deacon Capital, CT Securities and Quest Capital. Has been a strategic adviser to several publicly listed companies, and is also a director of Lara Exploration Ltd. and Universal Power Corp.