Claude Resources June 2012 Corporate Presentation

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Claude Resources June 2012 Corporate Presentation

  1. 1. Presented By:N eil M cM illanPresident & CEOJ une 2012 1
  2. 2. Cautionary StatementCautionary Note Regarding Forward-Looking InformationThis document contains certain forward-looking statements relating but not limited to the Company’s expectations, intentions, plans andbeliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”,“plan”, “intent”, “estimate”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans,objectives, assumptions, intentions or statements about future events or performance. Forward-looking information may include reser veand resource estimates, estimates of future production, unit costs, costs of capital projects and timing of commencement of operations,and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results todiffer materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reser ves,the grade and recover y of mined ore varying from estimates, capital and operating costs var ying significantly from estimates, delays inobtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates,fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject torisks, uncertainties and other factors that could cause actual results to differ materially from expected results.Potential shareholders and prospective investors should be aware that these statements are subject to know n and unknown risks,uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-lookingstatements. Shareholders are cautioned not to place undue reliance on forward-looking information. By its nature, forward-lookinginformation involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibilitythat the predictions, forecasts, projections and various future events will not occur. Claude Resources undertakes no obligation to updatepublicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factorswhich affect this information, except as required by law.Cautionary note to U.S. investors concerning resource estimateThe resource estimates in this document were prepared in accordance with National Instr ument 43-101, adopted by the CanadianSecurities Administrators. The requirements of National Instr ument 43-101 differ significantly from the requirements of the United StatesSecurities and Exchange Commission (the “SEC”). In this document, we use the terms “measured”, “indicated” and “inferred” resources.Although these terms are recognized and required in Canada, the SEC does not recognize them. The SEC permits U.S. miningcompanies, in their filings with the SEC, to disclose only those mineral deposits that constitute “reserves”. Under United Statesstandards, mineralization may not be classified as a reserve unless the determination has been made that the mineralization could beeconomically and legally extracted at the time the determination is made. United States investors should not assume that all or anyportion of a measured or indicated resource will ever be conver ted into “reserves”. Fur ther, “inferred resources” have a great amount ofuncertainty as to their existence and w hether they can be mined economically or legally, and United States investors should not assumethat “inferred resources” exist or can be legally or economically mined, or that they will ever be upgraded to a higher category. 2
  3. 3. What is Claude All About?Claude Resources Inc. has three Canadian Gold Projects: Seabee, Amisk and Madsen.Each project is expected to host multi- million ounce ore bodies and has the potential to produce over 100 thousand ounces per year. 3
  4. 4. Corporate OverviewStock Exchanges: Cash & Short Term Investments: $16.4TSX CRJ (March 31, 2012)NYSE MKT CGR Debt (March 31, 2012): Short Term $9.1 million Long Term $10.9 millionShares Outstanding (May 31, 2012):Basic 173.7 million Cash Costs per Ounce:Fully Diluted 183.1 million Q1 2012 $1,236 CDN $1,234 USMarket Cap $120 million CDN(June 1, 2012) TSX: 52 Week High $2.36 52 Week Low $0.56Analyst Coverage: Avg. Volume 300,000Brian Christie Desjardins SecuritiesCosmos Chui CIBC NYSE MKT:Paolo Lostritto National Bank 52 Week High $2.37Paul Burchell Dundee Securities 52 Week Low $0.56Sam Crittenden RBC Avg. Volume 450,000Wendell Zerb Canaccord Genuity 4
  5. 5. Focused on Growth Great Risk vs. Reward Investment Opportunity  Cash flow and net earnings from Seabee Operation  Significant exploration upside at all three projects  Experienced management team  Strong balance sheet Increasing Seabee Gold Production Resource Base (2007-2016) 4500000 90,000 4.09 Moz 80,000 4000000 70,000 3500000 1,566,000 3000000 2.91 MozProduction Ounces 60,000 Amisk 50,000 2500000 1,018,000 1.96 Moz Madsen 40,000 2000000 1,225,000 Seabee 30,000 1500000 1,225,000 1,225,000 20,000 1000000 0.81 Moz 10,000 1,300,000 500000 806,000 735,000 662,000 0 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2008 2009 2010 2011 5
  6. 6. OperationsAMISK PROJECT 6
  7. 7. Seabee Gold Operation• 100% ownership• 14,400 hectare property• Produced over 983,000 ounces of gold from 1991 to2012• 1.30 million ounces in NI 43-101 reserve & resource• Full infrastructure including an 850 tonne per daymill• Two producing mines: Seabee Gold Mine and theSantoy 8 Gold Mine• Exploration focused on Santoy Gap, L62, Santoy 8,Seabee Deep, and Neptune130,000 metre exploration program plannedfor 2012 7
  8. 8. Seabee PropertySeabee Property:14,400 Hectares • Established fully-permitted infrastructure • Underexplored productive belt • $7.5 M, 130,000 m regional exploration in 2012 8
  9. 9. Regional Exploration: Santoy Gap• Inferred Mineral Resources of 495,000 ounces (NI 43-101 compliant)• 3 rigs drilling approximately 50,000 metres in 2012• Proximal to current mining infrastructure• Extension of Santoy 8 deposit 9
  10. 10. L62 DiscoveryL62 Discovery Shaft Extension Q3 2012 completion • L62 deposit discovery 200 m from infrastructure • Open in all directions • Expected to be in production 2H 2012 10
  11. 11. Amisk Gold Project• 100% ownership• 24,350 hectare property• 1.57 million ounces in NI 43-101 resourcecalculation• Proven mining district and “mining friendly”community• Close to infrastructure• Large bulk mineable potential• Mineralization begins at surface and has been drilltested to approximately 600 metres below surfaceNI 43-101 Resource and PEA to be completedin Q3 2012 11
  12. 12. Amisk Location 12
  13. 13. Amisk Pit Shell Claude Resources - Amisk Lake Project - Grade - Tonnage Sensitivity Table Total Resource Indicated InferredAu Eq Cut-Off Au Eq Tonnage Au (gpt) Ag (gpt) Total Oz Ind Oz % Inf Oz % (gpt) 0.30 82,422,879 0.69 0.62 4.35 1,828,471 998,622 55% 824,675 45% 0.40 58,803,225 0.83 0.75 5.11 1,569,171 920,881 59% 644,854 41% 0.50 42,979,475 0.97 0.88 5.85 1,340,368 824,702 62% 512,676 38% 13
  14. 14. Madsen Exploration Project• 100% ownership• 10,000 hectare property• 1.23 million ounces in NI 43-101 resourcecalculation• Historic production was 2.45 million ounces ofgold from 1938 to 1976• Similar type of geology to that of Goldcorp’s RedLake Assets• All existing infrastructure is fully permitted29,000 metre exploration program plannedfor 2012 14
  15. 15. Madsen Property 15
  16. 16. Madsen Mine Trend2012 Exploration will focus on continued testing of the 8 Zone Trend as well as the McVeigh and Austin Tuff depth continuity. 16
  17. 17. Madsen Property: Red Lake Camp Starratt Olsen Madsen Mine Historic Production 2.4 M oz @ 0.30 opt Austin East164,000 oz @ 0.18 opt Underground Drill Chambers 2012 exploration target areas 8 Zone 17
  18. 18. Madsen InfrastructureModern equipment and facilities:• 500 ton per day permitted mill• 5 compartment shaft to 4,125 feet• Shaft capable of skipping 1,925 tpd• Permitted tailings facilityMinimal capital required to bringMadsen into production 18
  19. 19. Exploration Summary 2012 2012 2011 2011 $ (in millions) Metres $ (in millions) MetresSeabee $7.50* 129,600 $4.90* 100,000Madsen $6.50 29,050 $3.85 18,000Amisk $1.50 6,000 $1.74 10,000Total $15.50 164,650 $10.49 128,000 *Excluding underground expenditures. 19
  20. 20. Peer Valuation (as of May 24, 2012) $400 $350 Rubicon Non-producer $300 Kirkland Lake Producer Average $250Market Cap/Oz $200 $150 $100 $50 $0 *Calculation based on National Instrument 43-101 ounces 20
  21. 21. Claude Resources Inc. Experience. Stability. Potential. Creating the Capacity to Discover. Develop. Deliver.TSX: CRJ NYSE MKT: CGR 200, 224 - 4th Avenue South Saskatoon, Saskatchewan, S7K 5M5 Canada P. 306.668.7505 F. 306.668.7500 21

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