Presented By:     Q1 FinancialsNeil McMillan     May 14, 2012President & CEO                                  1
Cautionary StatementCautionary Note Regarding Forward-Looking InformationThis document contains certain forward-looking st...
Q1 2012 Highlights• Significant increase in mineral reserves and mineral  resources at the Seabee Gold Operation• St. Euge...
Corporate Resource Growth                       Resource Base4,500,000                                      4.09 Moz4,000,...
Financial Highlights                                                                             3 months             3 mo...
Financial Highlights                         3 months    3 months                         ended Mar   ended Mar           ...
Seabee Gold Operations2012 Production• Forecast: 50,500 ounces of gold• The Company anticipates initial production at L62 ...
Seabee PropertySeabee Property: 14,400 Hectares  • Established fully-permitted infrastructure  • Underexplored productive ...
Reserve & Resource UpdateMineral Reserves and Mineral Resources for Seabee Gold Property, Saskatchewan.Resource Class   Zo...
Reserve & Resource UpdateHighlights include the following:• Mineral reserves increased, net of mining depletion, to 355,60...
Projects: Seabee Gold                                            OperationShaft extension• From 600 metres to 980 metres• ...
Amisk Gold Project• On October 25, 2011 Claude announced that it entered into an  agreement with St. Eugene to purchase al...
Amisk Location             13
Amisk Pit Shell                 Claude Resources - Amisk Lake Project - Grade - Tonnage Sensitivity Table                 ...
Madsen 2012 ProgramExploration Program• Metres: 29,000• 2 underground rigs and 1 surface rig, targeting 30-40  holesExplor...
Madsen Property:                                                            Red Lake Camp   Starratt Olsen                ...
Madsen InfrastructureFully operational equipment andfacilities:• 500 ton per day permitted mill• 5 compartment operating s...
Exploration Summary                                            2012             2012         2011             2011        ...
2012 OutlookFor 2012, and looking forward, the Company will continue to:1)   Pursue best practices in the areas of safety,...
Catalysts for 2012     • Closing of SEM Acquisition     • Seabee Exploration ResultsQ1   • Seabee Reserve and Resource Upd...
Claude Resources Inc. Experience. Stability. Potential.    Creating the Capacity to Discover. Develop. Deliver.TSX: CRJ   ...
Upcoming SlideShare
Loading in …5
×

Q1 2012 Conference Call and Webcast Presentation

1,141 views

Published on

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

  • Be the first to like this

No Downloads
Views
Total views
1,141
On SlideShare
0
From Embeds
0
Number of Embeds
302
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • .
  • Q1 2012 Conference Call and Webcast Presentation

    1. 1. Presented By: Q1 FinancialsNeil McMillan May 14, 2012President & CEO 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 reserveand 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 reserves,the grade and recovery of mined ore varying from estimates, capital and operating costs varying 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 known 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 Instrument 43-101, adopted by the CanadianSecurities Administrators. The requirements of National Instrument 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 converted into “reserves”. Further, “inferred resources” have a great amount ofuncertainty as to their existence and whether 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. Q1 2012 Highlights• Significant increase in mineral reserves and mineral resources at the Seabee Gold Operation• St. Eugene Mining Corporation acquisition completed• Winter re-supply program completed• Peter Longo appointed as Vice President of Operations• Brian Booth joined the Claude Resources Board of Directors 3
    4. 4. Corporate Resource Growth Resource Base4,500,000 4.09 Moz4,000,0003,500,000 1,566,000 2.91 Moz3,000,0002,500,000 Amisk 1,018,000 1.96 Moz Madsen2,000,000 1,225,000 Seabee1,500,000 1,225,000 1,225,000 0.81 Moz1,000,000 1,300,000 500,000 806,000 735,000 662,000 0 2008 2009 2010 2011 4
    5. 5. Financial Highlights 3 months 3 months ended March ended March 31 2012 31 2011 Revenues (millions) $16.1 $13.3 Gold sold (ounces) 9,547 9,461 Average realized gold price (CDN) $1,681 $1,408 Total cash cost per ounce (CDN) $1,236 $924 Cash flow (millions) (1) $2.6 $3.6 (1) Cash flow per share $0.02 $0.03(1)For an explanation of non-IFRS performance measures, refer to the “Non-IFRS Performance Measures” section in the Company’sMD&A filed on www.sedar.com. 5
    6. 6. Financial Highlights 3 months 3 months ended Mar ended Mar 31 2012 31 2011Net profit (millions) ($0.5) $1.8Net profit per share $0.00 $0.01 6
    7. 7. Seabee Gold Operations2012 Production• Forecast: 50,500 ounces of gold• The Company anticipates initial production at L62 deposit in the second half of 2012.Exploration Program for 2012• 130,000 metres at Seabee Operation o 60,000 metres underground o 70,000 metres regionally• Focused on continued reserve and resource growth at the Seabee and Santoy 8 Mines and the Santoy Gap and L62 deposits. 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. Reserve & Resource UpdateMineral Reserves and Mineral Resources for Seabee Gold Property, Saskatchewan.Resource Class Zone Tonnes Grade Contained (g/tonne) Gold (oz)Proven & Probable Seabee 1,062,900 6.58 224,900 Santoy 8 997,100 4.08 130,600 Total 2,059,900 5.37 355,600 Measured & Seabee 127,400 4.65 19,000Indicated Santoy 8 12,600 5.04 2,000 Porky Main 160,000 7.50 38,600 Porky West 111,000 3.10 11,000 Total 410,900 5.35 70,700Inferred Santoy Gap 2,321,000 6.63 495,000 Seabee 813,900 6.83 178,800 Santoy 8 850,000 5.46 149,300 Porky Main 70,000 10.43 23,500 Porky West 138,300 6.03 26,800 Total 4,193,200 6.48 873,400 9
    10. 10. Reserve & Resource UpdateHighlights include the following:• Mineral reserves increased, net of mining depletion, to 355,600 ounces at 5.37 grams per tonne from 352,600 ounces at 5.58 grams per tonne.• Measured and indicated resources increased to 70,700 ounces at 5.35 grams per tonne from 49,600 ounces at 5.70 grams per tonne, representing a 43 percent increase from 2010.• Inferred mineral resources increased to 873,400 ounces at 6.48 grams per tonne from 260,100 ounces at 6.23 grams per tonne in 2010, representing a 236 percent increase in contained ounces year over year.• A significant portion of the increases came from the discovery and delineation of the L62 and Santoy Gap deposits. 10
    11. 11. Projects: Seabee Gold OperationShaft extension• From 600 metres to 980 metres• Completion date: Q3 2012Mill upgrade• Expanded to a peak capacity of 1,050 tonnes• Further expansions are currently being plannedCamp Expansion• At Seabee and Santoy 8 11
    12. 12. Amisk Gold Project• On October 25, 2011 Claude announced that it entered into an agreement with St. Eugene to purchase all of its shares. The transaction closed on February 1st, 2012.• Completed a NI 43-101 resource estimate of 921,000 ozs Au Eq. in Indicated and 645,000 ozs Au Eq. in Inferred category• Recent metallurgical test results returned averages of 89.4% for gold and 80.8% for silver recoveries.2012 Projects:• Amisk Preliminary Economic Assessment and resource update• Near-pit exploration 12
    13. 13. Amisk Location 13
    14. 14. 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% 14
    15. 15. Madsen 2012 ProgramExploration Program• Metres: 29,000• 2 underground rigs and 1 surface rig, targeting 30-40 holesExploration will focus on continued testing of the 8 ZoneTrend as well as the McVeigh and Austin Tuff depthcontinuity. 15
    16. 16. 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 16
    17. 17. Madsen InfrastructureFully operational equipment andfacilities:• 500 ton per day permitted mill• 5 compartment operating shaft to 4,125 feet• Permitted tailings pond 17
    18. 18. 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 $1.75 10,000Total $15.50 164,650 $10.50 128,000 *Excluding underground expenditures. 18
    19. 19. 2012 OutlookFor 2012, and looking forward, the Company will continue to:1) Pursue best practices in the areas of safety, health and the environment;2) Invest in capital projects and equipment to further develop satellite deposits to increase production and to decrease unit cash cost at the Seabee Gold Operation;3) Further exploration and development at the Seabee Gold Operation to sustain or increase reserves and resources;4) Advance surface and underground exploration drill programs at the Company’s 100 percent owned Madsen Exploration Project; and5) Expand the scope of the Amisk Gold Project, and complete a preliminary economic assessment. 19
    20. 20. Catalysts for 2012 • Closing of SEM Acquisition • Seabee Exploration ResultsQ1 • Seabee Reserve and Resource Update • Amisk Exploration ResultsQ2 • Seabee Exploration Results • Shaft Extension Completed at Seabee • Mill Expansion Completed at Seabee • Madsen Exploration ResultsQ3 • PEA at Amisk • Seabee Exploration Results • Madsen Exploration ResultsQ4 20
    21. 21. Claude Resources Inc. Experience. Stability. Potential. Creating the Capacity to Discover. Develop. Deliver.TSX: CRJ NYSE Amex: CGR 200, 224- 4th Avenue South Saskatoon, Saskatchewan, S7K 5M5 Canada P. 306.668.7505 F. 306.668.7500 21

    ×