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Alder Resources Presentation - February 2012


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Alder Resources Presentation - February 2012

  2. 2. Forward Looking Statements This document contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the development potential and timetable of the Rosita project; the timing and amount of estimated future development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will 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. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: timing and availability of external financing on acceptable terms; unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of government approvals; actual results of exploration and mining activities; changes in project parameters as plans continue to be refined; future prices of metals; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such 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 forward-looking statements. The Company does not undertake to update any forward-looking statements except in accordance with applicable securities laws. The technical and scientific information included herein has been reviewed and approved by Joseph Arengi, President and CEO of the Company, and a qualified person under National Instrument 43-101 of the Canadian Securities Administrators.
  3. 3. Why Alder? • Experienced team with proven track record • Strong Central America experience • Excellent exploration upside at Rosita, a past producer • 33 km2 target-rich property with Copper- Gold-Silver Porphyry/Skarn potential
  4. 4. The Alder TeamManagement• Joseph Arengi , M. Sc., P. Geo. – President and CEO • 35 years of exploration and operational experience throughout Canada, Central America, South America and Africa. Credited with discovering 4 billion pounds of copper and 60 million ounces of silver in the Kalahari Copper Belt of northwest Botswana while at Hana Mining Ltd. Extensive consulting experience in the Mining Triangle of northeast Nicaragua, an area that includes the Rosita copper district.• John Spurney – VP Exploration • over 30 years of diversified technical and managerial experience in mineral exploration, primarily in Latin America, the Western U.S. and Asia. Mr. Spurney has evaluated a wide variety of precious and base metal deposits in metallogenic belts around the world. John played a key role in discovery of the Cerro Crucitas and Conchudita epithermal gold deposits (in Costa Rica), and the Cerro Casale porphyry gold-copper deposit (in Chile).• Ryan Ptolemy – CFO• Josh van Deurzen – Corporate Secretary
  5. 5. The Alder TeamBoard of Directors• Don Dudek, Chairman• Rene Bharti• Dan Bruno• Honourable Pierre Pettigrew, P.C.• Will Randall
  6. 6. Share Structure and Trading TSX-V: ALR ALR Share Structure: Common Shares: 72,579,085 Current share price : $0.27 Warrants: 21,982,685 Average warrant price ($/share): $0.21 Options: 7,200,000 FULLY DILUTED SHARES: 101,761,770 Insiders/Institutional Holders: 8% Share Trading Activity: 52 week High/Low ($/share): $0.065/0.54 Market capitalization: $19,596,353 Cash Balance: $4.0M Debt: None
  7. 7. Why Nicaragua? • Largest and safest country in Central America • Stable, supportive and democratically elected government • Attractive tax regime; 3% NSR, 30% Net Profits Tax • Long mining history with 3 currently producing gold mines: • La Libertad, El Limon Mines (B2Gold) • Bonanza Mine (Hemco) • Strong 2012 PDAC Presence
  8. 8. Rosita Project•120 km toPuerta Cabezas•275 km tocapital city ofManagua
  9. 9. Rosita details • Past producer from two open pits – Santa Rita and R-13 • 245M lbs Copper (See Note 1) • 160,000 ounces Gold • 2,610,000 ounces Silver • Early mining focused on high grade copper with 2% copper initial cut-off • First gold recovery during last 5 years of production • 3,356 ha property with existing120 km road to port
  10. 10. Geology and Prospects
  11. 11. Historic Resources (Non-NI 43-101 compliant; See Note 2)
  12. 12. Target-Rich Project Santa Rita and R-13 Pits: • 0.91%Cu, 1.00 g/t Au and 16.63 g/t Ag/12.0m in vertical RC1 • 2.95%Cu, 0.34 g/t Au, 35.31 g/t Ag/18.3m in ddh below Santa Rita2 Bambana: • Cu-Au-Ag Porphyry and Skarn targets • 500m x 1000m untested soil anomaly with coincident IP anomalies Dumps: • 55 RC holes completed at dumps, initial 24 returned 0.71% Cu, 0.66 g/t Au and 8.2 g/t Ag over 14.0m • Grades from systematic vertical channel sampling by Alder returned 0.55%Cu, 0.47 g/t Au and 8.73 g/t Ag2 1 Alder News release of February 8, 2012; 2 Alder news release of November 3, 2011
  13. 13. Santa Rita Pit – Vertical Channel Samples • Average values of up to 2.27% Cu, 2.37 g/t Au and 24.60 g/t Ag • Average for 17 traverses are 0.55% total Cu, 0.47 g/t Au and 8.73 g/t Ag(See Alder News Release of December 14, 2012)
  14. 14. Santa Rita Pit – RC Drill Holes • Average values of up to 1.27% Cu, 0.35 g/t Au and 22.30 g/t Ag (2011-709) • Average for 24 RC holes is 0.71% total Cu, 0.66 g/t Au and 8.2 g/t Ag(See Alder News Release of February 8, 2012)
  15. 15. Santa Rita Pit – Historic Intercepts (See Note 3)
  16. 16. Santa Rita Pit – Historic Intercepts* * Non-NI 43-101 compliant; See Note 3
  17. 17. Upside Potential Open Open (See Note 3) Open
  18. 18. Upside Potential Open 1.1M tonnes @ 1.42% Cu1.2M tonnes @ 0.83% Cu Open(See Note 3)
  19. 19. Bambana Porphyry Cu-Ag (See Note 3) 400m X 900m Cu anomaly Bambana DDH Section
  20. 20. Exploration Objectives at Rosita2012 • Complete 8,000m of core drilling in Q2, Q3 and Q4 • Preliminary Metallurgical Study of Dumps in Q1 • Initial Resource for dump material Qtr 2
  21. 21. Exploration Timeline Milestone Qtr 1/12 Qtr 2/12 Qtr 3/12 Qtr 4/12 Trenching – Bambana/R-13 Preliminary Metallurgical Studies Geophysics (IP survey) Initial Resource Calculation - Dumps RC Drilling Diamond drilling
  22. 22. Summary • Aggressive exploration program underway on high quality targets • Initial Results Highly Encouraging • Highly experienced team with Central America focus
  23. 23. Notes to Text • Note 1: See references in Alder Technical Report referred to in News Release of January 9, 2012 and filed on SEDAR. • Note 2: All of the historical mineral resource estimates and production totals quoted herein are based upon historical data and reports obtained and prepared by previous operators and consultants (Arengi, 2003; Hendrickson, 1995; Rivera, 1977; Rosario, 1974; Sims, 1998) and the quoted mineral resource estimates/mineral inventory were prepared prior to the introduction of National Instrument 43-101. These historic resource estimates/mineral inventory are considered to be relevant to the evaluation of the Rosita D concession. A Qualified Person has not completed the work necessary to independently verify the classification of the historic mineral resource estimates. Alder is not treating the mineral resource estimates as National Instrument 43-101 compliant defined resources verified by a Qualified Person. The historical estimates should not be relied upon. • Note 3: Alder has not yet done sufficient work to verify the historic drill results reported in this news release and does not intend to use this information for purposes other than planning and prioritizing exploration targets.
  24. 24. Addendum
  25. 25. Santa Rita Pit and Dumps
  26. 26. Santa Rita Dumps Au-rich dump on south side of pit 2.01 g/t Au, 4.3 g/t Ag, 0.67% Cu from vertical channel in Au-rich dump
  27. 27. Bambana Porphyry Cu BB10-001 (88.5m) - 0.60% Cu, 14.1 g/t Ag/2.0m within 0.43%Cu, 6.54 g/t Ag over 42.0m