Your SlideShare is downloading. ×
0
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Blackheath Resources Inc. July 2012 Investor Presentation
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Blackheath Resources Inc. July 2012 Investor Presentation

419

Published on

July 2012 Investor Presentation for Blackheath Resources Inc.

July 2012 Investor Presentation for Blackheath Resources Inc.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
419
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
11
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. July 16, 2012
  • 2. Forward Looking StatementThis presentation may contain, in addition to historical information, forward-looking statements withinthe meaning of Section 21E of the Securities Exchange Act of 1934 as amended and forward-lookinginformation within the meaning of the Ontario Securities Act. These forward-looking statements involveknown and unknown risks that may cause actual results to be materially different from those impliedherein including, without limitation, risks and uncertainties relating to the interpretation of drill resultsand the estimation of mineral resources; the geology, grade and continuity of mineral deposits; thepossibility that future exploration and development results will not be consistent with the Company’sexpectations; accidents, equipment breakdowns, labour disputes or other unanticipated interruptions inexploration and development; the potential for unexpected expenses; commodity price or currencyfluctuations; or failure to obtain adequate financing on a timely basis. Should one or more of these risksor uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differmaterially from those presented in forward-looking statements. Accordingly, you are cautioned not toplace undue reliance on the forward-looking statements made in this presentation and to makereference to the company’s prospectus and technical report for further information.
  • 3. Overview Blackheath Resources is focussed on the acquisition and development of strategic tungsten projects in Portugal. Management has unique expertise in the Portuguese tungsten sector, developed through its involvement with Primary Metals Inc., which held the Panasqueira tungsten mine and was bought out in 2007. Blackheath’s first acquisition is the past-producing Covas Tungsten/Gold project which will be advanced through exploration and development. Highlights include: • Mineral exploration and development company which has completed a $0.25 IPO and TSX Venture Exchange listing • Holds option for the past-producing Covas Tungsten/Gold project in Portugal • Tungsten prices have doubled in past year, currently ~$400/MTU ($40/kg) • Covas has current historical resources* of 923,000 tonnes @ 0.78% WO3 or 7.8 kg per tonne (gross value ~$312 per tonne) and is open for expansion • Covas also has potential for multi-million tonne new Tungsten deposit plus Gold • New Tungsten & Gold targets are ready for drilling immediately • Additional projects will be assessed for possible acquisition * Not NI43-101 compliant1
  • 4. Blackheath Share Structure Seed Shares 5,800,000 IPO shares @ $0.25 6,449,500 Total 12,249,500 Stock Options @ $0.35 800,000 Brokers Warrants @ $0.25 503,160 Total Diluted 13,552,660 Directors and associates have purchased and own 4,555,000 shares (escrowed) at prices up to $0.20 per share2
  • 5. Tungsten and its Uses Properties: Uses: • Shiny, white metal • Cutting and grinding tools • Forms super hard alloy with carbon (tungsten carbide) • Extremely high melting point 3,410ºC • Steel alloys and super alloys • As heavy as gold, density 19.25 g/cc • Electrodes, lighting filaments • Armaments and military uses Hard metals (carbides) 54% Steel alloys 27% Other 6% Mill products (lighting etc) 13% Source: Roskill 20103
  • 6. World Mine Production – 2011 est. • World production ~ 72,000 tonnes Tungsten (W) • 85% of the world’s tungsten is produced in China • China dominates the market, now it imports Tungsten • Production outside China is very limited – notably from Portugal, Austria, Russia, Bolivia and Canada Tonnes of Tungsten (W) Austria - 1,100 Bolivia - 1,200 Canada - 2,000 China - 60,000 Portugal - 1,300 Russia - 3,100 Other Countries - 3,400 World Total 72,000 Source: USGS January 20124
  • 7. Tungsten Supply/Demand Source: Roskill website 20115
  • 8. Blackheath Board of Directors A team experienced in Tungsten and Portugal JAMES ROBERTSON, B. Sc., P. Eng. | President, CEO and Director • Professional Engineer with over 40 years of experience in technical, design, management and financing services for the mining industry and public resource companies – two achieved full listings on the London Stock Exchange • Founding director and Vancouver manager of Primary Metals Inc., owning the Panasqueira Tungsten mine in Portugal, until its sale to Sojitz Inc. at $3.65 per share KERRY SPONG | Secretary, CFO and Director • over 20 years of experience in accounting practice for private and public resource companies • CFO of junior resource companies including Primary Metals Inc. prior to its sale to Sojitz Inc. JONATHAN CARTER | Director • over 35 years of experience in marketing and metal sales, specializing in Tungsten • founding director, then President of Primary Metals Inc. prior to its sale to Sojitz Inc. J. MERFYN ROBERTS, M. Sc., CA | Director • over 30 years of experience in investment fund and portfolio management • Previously Senior Portfolio Manager with CQS Management of London, UK and a director of mining companies including Agnico-Eagle Mines and Eastern Platinum Limited MARSHALL FARRIS | Director • over 20 years of experience in corporate communications and finance – Ascenta Capital • provided investor relations services for Primary Metals Inc.6
  • 9. History of Primary Metals Inc. • Acquired Panasqueira Tungsten Share Price Primary Metals Inc. mine in Portugal in 2003 • Listed June 2003, initial trading price $0.15 per share • Sold to Sojitz Inc. in October Panasqueira Tungsten mine 2007 at $3.65 per share (Tungsten price then $180/MTU, now $390/MTU) • Mine produces ~100,000 MTUs p.a. from ore containing ~0.20% WO3 • 2006 reserves 1.4 M tonnes @ 0.23% WO3 (322,000 MTU)7
  • 10. Blackheath’s Covas Property • Covas permit is 1,949 hectares, located in northern Portugal • Infrastructure - roads, power and water available • Simple option - Blackheath earns 85% in JV from Avrupa Minerals • First 51% earned by exploration expenditures of €300,000 then 70% earned for €1 million total • Additional 15% earned with completion of pre-feasibility study • No cash or share payments8
  • 11. Covas Production History and Resources • Past underground and open pit production of 366,000 tonnes at 0.61% WO3 between 1951 and 1974 • Exploration and drilling by Union Carbide and others 1974 to 1980 • Historical resources* of 923,000 tonnes at 0.78% WO3 containing 720,000 MTU (7.2 million kg) – current gross value ~$288 million • Open for expansion - recent exploration identified new Tungsten anomalies coincident with geophysical anomalies • Considerable additional potential for new multi-million tonne Tungsten deposits within the central unexplored “Covas Dome” – also previously unrecognized Gold potential • Several attractive drill targets must be tested * Not NI43-101 compliant9
  • 12. Covas Mine Workings10 Mine portal at Valdarcas
  • 13. Covas Mine Workings11 Cerdeirinha open pit
  • 14. Covas Mine Workings12 Sampling at Cerdeirinha open pit
  • 15. Covas – RIRGS? A model proposed for Covas is a Reduced Intrusion-Related Gold System (“RIRGS”) such as Dublin Gulch (+5M oz Au) and Fort Knox (+5M oz Au) conducive for Gold and Tungsten These systems have been identified around the world, from the Tintina Gold Province in the Yukon and Alaska, through China, Russia and Europe to Spain and Portugal Source: Craig Hart, P. Geo. 200713
  • 16. Covas Geology and Known Deposits • Union Carbide tested only portions of the “Skarn Ring” and identified eight Tungsten deposits averaging 0.78% WO3 • There is significant potential for new Tungsten discoveries as well as extensions to known resources in the “Skarn Ring” • Additional possibilities for multi-million tonne discoveries within the “Covas Dome” - Tungsten porphyry deposit - Large, low-grade Gold deposits14
  • 17. Covas Gold & Tungsten Anomalies The “Covas Dome”, within the “Skarn Ring”, was essentially ignored until 2011  Geochemical soil survey identified new Tungsten and Gold soil anomalies  Rock sampling (up to 10.2 g/t Au) indicates a new Gold zone requiring testing15
  • 18. Covas Magnetic Anomalies Ground magnetic grid data has demonstrated the potential for untested Tungsten deposits in the “Skarn Ring” and also in the “Covas Dome” New, untested magnetic anomalies are shown as white circles16
  • 19. Drill Exploration Targets Seventeen new drill targets have been identified by Dr. Fuchs, P. Geo. in 2011: Seven are “High” priority – targets 4 & 9 (for W) and 1, 2a, 2b & 15 (for W & Au)17
  • 20. Blackheath Timeline of Catalysts $822,000 exploration program includes 2,100m core drilling to test: (i) “Skarn Ring” resource expansion for Tungsten (ii) “Covas Dome” potential for Tungsten and Gold 2012 Q2  Complete IPO and TSX Venture Exchange listing 2012 Q3  Surface work and trenches on “Covas Dome” (Gold and Tungsten targets)  Review trench assays  Phase 1: Diamond drill Tungsten targets in “Skarn Ring”  Phase 1: Diamond drill Gold and Tungsten targets in “Covas Dome”  Identify and assess new potential property acquisitions – three for review 2012 Q4  Phase 2: Diamond drill Tungsten targets in “Skarn Ring”  Prepare next phase of program  Follow up on new project acquisitions18
  • 21. Summary • IPO completed at $0.25 per share raising $1.6 million • Strong board and management team experienced in Tungsten and mining operations in Portugal (Primary Metals and Panasqueira mine) • Holds JV earn-in option (no cash or share payments) for 85% of Covas Tungsten Project in Portugal • Historical resources* of 923,000 tonnes at 0.78% WO3 at Covas • Significant expansion of Tungsten resources is possible, also previously unrecognized Gold potential • Exploration and drilling underway post-IPO • Corporate growth by successful development and further project acquisitions * Not NI43-101 compliant19
  • 22. Contact James Robertson, P. Eng. Blackheath Resources Inc. Suite 306 – 850 West Hastings Street Vancouver BC Canada V6C 1E1 Phone: 604 669 8988 Email: jrobertson@midasmanagement.com20

×