Dalradian corporate presentation may 2012 final


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Dalradian corporate presentation may 2012 final

  1. 1. The  European  Explorer    │    Investor  Presenta4on  May  2012   Patrick  F.  N.  Anderson   Chairman  and  Chief  Execu4ve  Officer  
  2. 2. Forward-­‐Looking  Statement  &  Qualified  Persons  This  presenta4on  contains  “forward‑looking  informa4on”  which  may  include,  but  is  not  limited  to,  statements  with  respect  to  the  comple4on  of  the  acquisi4on  (the  “Acquisi4on”)  by  the  Company  from  a  group  of  private  vendors  of  approximately  1.7  million  hectares  of  mineral  rights  over  four  greenstone  belts  and  a  historic  silver  mining  camp  in  Norway,  future  financial  or  opera4ng  performance  of  the  Company  and  its  mineral  projects,  the  future  price  of  metals,  the  es4ma4on  of  mineral  resources,  the  realiza4on  of  mineral  resource  es4mates,  the  4ming  and  amount  of  es4mated  future  produc4on,  costs  of  produc4on,  capital,  opera4ng  and  explora4on  expenditures,  costs  and  4ming  of  the  development  of  new  deposits,  costs  and  4ming  of  future  explora4on,  requirements  for  addi4onal  capital,  government  regula4on  of  mining  opera4ons,  environmental  risks,  reclama4on  expenses,  4tle  disputes  or  claims  and  limita4ons  of  insurance  coverage.  OTen,  but  not  always,  forward‑looking  statements  can  be  iden4fied  by  the  use  of  words  and  phrases  such  as  “plans,”  “expects,”  “is  expected,”  “budget,”  “scheduled,”  “es4mates,”  “forecasts,”  “intends,”  “an4cipates,”  or  “believes”  or  varia4ons  (including  nega4ve  varia4ons)  of  such  words  and  phrases,  or  state  that  certain  ac4ons,  events  or  results  “may,”  “could,”  “would,”  “might”  or  “will”  be  taken,  occur  or  be  achieved.  Forward-­‐looking  statements  are  based  on  the  opinions  and  es4mates  of  management  as  of  the  date  such  statements  are  made  and  are  based  on  various  assump4ons,  such  as  approvals  from  the  Toronto  Stock  Exchange  and  the  Norwegian  Directorate  of  Mining  will  be  obtained  in  respect  of  the  Acquisi4on,  the  con4nued  poli4cal  stability  in  Northern  Ireland  and  Norway,  that  permits  required  for  the  Company’s  opera4ons  will  be  obtained  in  a  4mely  basis  in  order  to  permit  the  Company  to  proceed  on  schedule  with  its  planned  drilling  programs,  that  skilled  personnel  and  contractors  will  be  available  as  the  Company’s  opera4ons  con4nue  to  grow,  that  the  price  of  gold  will  be  at  levels  that  render  the  project  economic,  or  that  the  Company  will  be  able  to  con4nue  raising  the  necessary  capital  to  finance  its  opera4ons  and  realize  on  mineral  resource  es4mates.  Forward‑looking  statements  involve  known  and  unknown  risks,  uncertain4es  and  other  factors  which  may  cause  the  actual  results,  performance  or  achievements  of  the  Company  to  be  materially  different  from  any  future  results,  performance  or  achievements  expressed  or  implied  by  the  forward‑looking  statements.  Such  factors  include,  among  others,  general  business,  economic,  compe44ve,  poli4cal  and  social  uncertain4es;  the  actual  results  of  current  explora4on  ac4vi4es;  actual  results  of  reclama4on  ac4vi4es;  conclusions  of  economic  evalua4ons;  changes  in  project  parameters  as  plans  con4nue  to  be  refined;  future  prices  of  metals;  possible  varia4ons  of  ore  grade  or  recovery  rates;  failure  of  plant,  equipment  or  processes  to  operate  as  an4cipated;  accidents,  labour  disputes  and  other  risks  of  the  mining  industry;  poli4cal  instability;  delays  in  obtaining  governmental  approvals  or  financing  or  in  the  comple4on  of  development  or  construc4on  ac4vi4es,  as  well  as  those  factors  discussed  in  the  sec4on  en4tled  “Risk  Factors”  in  the  Company’s  Annual  Informa4on  Form.    Although  the  Company  has  aempted  to  iden4fy  important  factors  that  could  cause  actual  ac4ons,  events  or  results  to  differ  materially  from  those  described  in  forward‑looking  statements,  there  may  be  other  factors  that  cause  ac4ons,  events  or  results  to  differ  from  those  an4cipated,  es4mated  or  intended.  Forward‑looking  statements  contained  herein  are  made  as  of  the  date  of  this  presenta4on  and  the  Company  disclaims  any  obliga4on  to  update  any  forward‑looking  statements,  whether  as  a  result  of  new  informa4on,  future  events  or  results,  except  as  may  be  required  by  applicable  securi4es  laws.  There  can  be  no  assurance  that  forward‑looking  statements  will  prove  to  be  accurate,  as  actual  results  and  future  events  could  differ  materially  from  those  an4cipated  in  such  statements.    Accordingly,  readers  should  not  place  undue  reliance  on  forward‑looking  statements.  Some  technical  data  in  this  presenta4on  was  taken  from  the    technical  report  en4tled  “An  Updated  Mineral  Resource  Es4mate  for  the  Curraghinalt  Gold  Deposit,  Tyrone  Project,  County  Tyrone  and  County  Londonderry,  Northern  Ireland  dated  January  10,  2012,  prepared  by  B.  Terrence  Hennessey,  P.Geo.,  and  Dibya  Kan4  Mukhopadhyay,  M.Sc.,  MAusIMM,  of  Micon  Interna4onal  Limited  (the   Technical  Report ).  Damien  Stephens,  BSc.(hons),  M.AIG,  M.AusIMM,  Explora4on  Manager,  Dalradian  Resources,  is  the  Qualified  Person  who  supervised  the  prepara4on  of  the  technical  data  in  this  presenta4on.  John  McCombe,  PEng,  Chief  Opera4ng  Officer,  Dalradian  Resources  Inc.,  is  the  Qualified  Person  who  supervised  the  prepara4on  of  the  technical  data  in  this  presenta4on.       2
  3. 3. Corporate  Informa=on   STOCK  PRICE   TSX   DNA   $3.00   $3,000.00   Shares  outstanding   89.3  million   Fully  diluted   94.8  million   $2,800.00   Market  cap.   $84.8  million   $2.50   $0.95 $2,600.00   (May  8,  2012)   May 14, 2012 Average  volume   66,030   $2.00   $2,400.00   (30  day)   $2,200.00   52  Week  Range   $2.42  -­‐  $0.89   $1.50   $2,000.00   $1,800.00   Andrew  Mikitchook   $1.00   Analyst  coverage     $1,600.00     Jamie  Spra   $1,400.00     $0.50   Craig  Stanley   $1,200.00   $0.00   $1,000.00   Aug   Sep   Oct   Nov   Dec   Jan   Feb   Mar   Apr   2011   2011   2011   2011   2011   2012   2012   2012   2012  All  dollars  quoted  in  $  CAD   3
  4. 4.  The  European  Explora=on  Company                                      NORTHERN  IRELAND                                  NORWAY   §  High-­‐grade  2.7M  ounce  gold  resource   §  Posi4oned  for  discovery   (all  categories)1   −  4  greenstone  belts     −  Measured:  0.02  MT  grading  21.51  g/t  Au  for   −  historic  silver  camp   10,000  contained  ounces   −  Indicated:    1.11  MT  grading  12.84  g/t  Au  for   460,000  contained  ounces   −  Inferred:    5.45  MT  grading  12.74  g/t  Au  for   2.23  million  contained  ounces   §  Ac4ve  field  program   §  Data  capture  underway   §  Approx.  84,000  ha  property   §  Approx.  1.7M  ha  property   §  Mining  friendly  country   §  Mining  friendly  country   −  Government  investment  in   −  Government  investment  in   geological  surveys   geological  surveys   −  Excellent  infrastructure   −  Excellent  infrastructure   §  DNA  second  largest  mineral  rights  holder   §  DNA  largest  mineral  rights  holder   in  Northern  Ireland   in  Norway  1  Refer  to  press  release  en4tled  “Dalradian  Announces  Resource  Increase  at  Curraghinalt”  at  www.dalradian.com   4
  5. 5. Our  Board:  A  Track  Record  of  Discovery  and  Development   PATRICK  F.  N.  ANDERSON   KEITH  D.  MCKAY   CHAIRMAN  AND  CHIEF  EXECUTIVE  OFFICER   CHIEF  FINANCIAL  OFFICER   Former  CEO  of  Aurelian  Resources     Former  CFO  of  Aurelian  Resources     Also  Director  of  Colossus  Minerals,  Malbex  Resources   Also  Director  of  Noront  Resources   and  Con=nental  Gold     COLIN  K.  BENNER   THOMAS  J.  OBRADOVICH   CHAIRMAN  OF  DELTA  MINERALS  AND  AURICO  GOLD   CHAIRMAN  OF  LAGO  DOURADO  MINERALS  LTD.   Also  Director  of  Mercator  Minerals,  Lundin  Mining,   Former  CEO  of  Young-­‐Davidson  Mines   Troon  Ventures,  and  Corsa  Capital   Former  Director  of  Aurelian  Resources   JOSEPH  F.  CONWAY   SEAN  E.  O.  ROOSEN   CEO  OF  PRIMERO  MINING  CORP.   CEO  OF  OSISKO  MINING  CORPORATION   Former  CEO  of  IAMGOLD   Also  Director  of  Rio  Novo  Gold,  Bowmore   Explora=on  and  Astur  Gold   RONALD  P.  GAGEL   ARI  B.  SUSSMAN   Former  SVP  and  CFO  of  FNX  Mining   EXECUTIVE  CHAIRMAN  OF  COLOSSUS  MINERALS   Also  Director  of  Adriana  Resources  and   CEO  OF  CONTINENTAL  GOLD  LIMITED   Stonegate  Agricom     5
  6. 6. Our  Management  Team:   PATRICK  F.  N.  ANDERSON   CHAIRMAN  AND  CHIEF  EXECUTIVE  OFFICER   Former  CEO  of  Aurelian  Resources     Also  Director  of  Colossus  Minerals,  Malbex  Resources   and  Con=nental  Gold     JOHN  MCCOMBE     KEITH  D.  MCKAY   CHIEF  OPERATING  OFFICER   CHIEF  FINANCIAL  OFFICER   Director  of  Reve[  Minerals   Former  CFO  of  Aurelian  Resources     Former  SVP,  Opera4ng  Strategy  at  IAMGOLD   Also  Director  of  Noront  Resources   ED  KELLEHER   DAMIEN  STEPHENS   VICE  PRESIDENT  OF  ENVIRONMENTAL  AFFAIRS   EXPLORATION  MANAGER   AND  HEALTH  &  SAFETY   Former  Explora4on  Manager  at  Westgold   Former  Director,  Environment  &  Permisng  at   Resources   Kinross  Ecuador  (formally  Aurelian  Resources)   Former  Project  Manager  at  Gold  Fields  Australasia     6
  7. 7. Northern  Ireland:    §  Our  flagship  asset:  Curraghinalt   U.K.  &  BRITISH  ISLES   NORTHERN   mesothermal  high-­‐grade  gold  deposit   IRELAND  §  Excellent  regional  infrastructure   Curraghinalt   Deposit  §  Over  84,000  hectares  under  explora4on   Lonmin  §  Poten4al  exists  for  further  precious   and  base  metals  deposits   Irish  Salt   Mining   Gor4n   Rousky   Cavanacaw   Galantas  Gold   Omagh   BELFAST   Conroy   Diamonds   &  Gold   In  produc4on   Exploring  for   Pla4num  and   Extensive   since  late  2007   gold  along  a     palladium   underground   50  km  trend   explora4on   mining   7  
  8. 8. Brownfields  Explora=on:  Curraghinalt  Trend  §  Glaciated   terrain  with   minimal   outcrop   8
  9. 9. Advanced  Explora=on:  Curraghinalt  January 16, 2012Dalradian Files 43-191 UpdatedResource Technical ReportNovember 30, 2011Resource update increasing 4.1m:  42.7  g/t  @  depth  42.9m   N   1.6m:  56.3  g/t  @  depth  416.2m  Curraghinalt to 2.7 M ounces 2.0m:  482.7  g/t  @  depth  77.0m  September 6, 2011 1.3m:  65.7  g/t  @  depth  159.8m  Drilling at Curraghinalt intersects 8.34metres of 5.84 g/t gold and 3.2 metres 2.0m:  24.0  g/t  @  depth  41.5m  grading 5.34 g/t gold. 3.3m:  16.9  g/t  @  depth  615.7m  Additional parallel veins discovered to Road  the South of the deposit. Sheep  Dip   ABB-­‐D   Mullan  June 8, 2011Drilling at Curraghinalt intersects 2.06 ABB-­‐G   T17   Kiln  Shear  metres of 111.6 g/t gold and 1.11 metres No1  grading 26.84 g/t gold 106-­‐16  April 7, 2011 V75  Hole 11-CT-85 cut 2.54 metres Bend  of 20.61 g/t gold Crow  February 28, 2011 Crows  Foot  Shear  Hole 10-CT-76 cut 2.74 metresof 15.27 g/t gold 0   200   400  December 2, 2010 KILOMETRES  Hole 10-CT-73 cut 1.83 metresof 37.41 g/t goldOctober 14, 2010Two new parallel veins discovered9 9
  10. 10. Curraghinalt  Deposit  Explora=on   10
  11. 11. Curraghinalt:  Open  Along  Strike  11 11 11
  12. 12. Curraghinalt:  A  Growing  Resource   2007  Resource   2010  Resource   2011  Resource   0 200   400   2012  Interpreted  vein  extents   METRES   12
  13. 13. Development  Timeline  –  Northern  Ireland   2012   2013   Q1   Q2   Q3   Q4   Q1   JAN   FEB   MAR   APR   MAY   JUN   JUL   AUG   SEP   OCT   NOV   DEC   JAN   FEB   MAR   Preliminary  Economic  Assessment   Environmental  Baseline  Study   U/G  Drilling  App’n   *U/G  Drill  Permidng   U/G  Infill  Drilling   U/G  Explora=on  Dvlpt  Applica=on   U/G  Exp  Development  Permidng  Process   U/G  Exp  Dvlpt   * March 9, 2012 – Underground Drilling Application Submitted 13
  14. 14. Development:  Underground  Diamond  Drilling  §  Conceptual Drill Plan§  Requires water discharge permit – submitted March 9, 2012§  Some UG work required (scaling, mucking out, possibly spot bolting)§  Work to begin in mid August§  Final drill layout to be determined 14
  15. 15. Underground  Explora=on  Development  §  Conceptual development plan§  Extend crosscut to south to intercept main veins§  Drive East and West on main veins§  Ramp down and establish sublevel§  Mine test stope 15
  16. 16. Conceptual  Mine  Design  16
  17. 17. Corporate  Social  Responsibility  –  Social  License  to  Operate   Getting the Social License to Operate by: §  Working towards a standard ISO26000 §  Identify Gaps between actual and ISO26000 §  Preparing the relevant policies §  Developing structured Stakeholder Relations §  Training Staff on CSR §  Informing Staff and Stakeholders of the CSR Activities §  Implement a sound and coherent Communications Strategy 17
  18. 18. Norway: “Let the Treasure Hunt Begin” Industry Minister, Trond Giske at Press conference announcing new direction in18 mineral strategy for Norway
  19. 19. Another  Mining  Friendly  Jurisdic=on  •  The  new  Mineral  Act  legisla4on  passed  in   January  2010  to  promote  mining  ac4vi4es  •  Minister  of  Industry  announces  large   investment  over  4  years  to  iden4fy  mineral   resources  •  Dalradian  has  acquired  mineral  rights  over  6   areas  including  four  greenstone  belts  and  an   historic  silver  mining  district  •  Proper4es  total  more  than  1,700,000   hectares  •  Country  with  good  infrastructure,  educated   workforce  and  stable  government   19
  20. 20. Greenfields  Explora=on  •  Norway  Explora4on  Program   4   3   •  On-­‐going  data  acquisi4on  &  analysis   5   1   2   •  Boots  on  the  ground  by  end  of  May  2012   •  Regional  surface  sampling  program  to   SWEDEN   RUSSIA   iden4fy  best  targets   FINLAND   NORWAY   HELSINKI   OSLO   STOCKHOLM   Dalradian  Concession  Areas   Greenstone  Belts   1   Kidlä   2   Sakadlampi   3   Pechenga   4   Bidjovagge   5   Al=k   20
  21. 21. Next  Steps      NORTHERN  IRELAND      NORWAY   §  Development:   §  Data  acquisi4on/compila4on   §  Preliminary  Economic  Assessment   §  Data  analysis   §  Permisng  Applica4on  Process   §  Explora4on:   §  Boots  on  the  ground   §  Curraghinalt  trend   §  Geophysics  &  geochemistry   §  Target  selec4on   §  Corporate  Social  Responsibility:   §  Ground  truthing   §  Enhance  CSR  strategy  &  leverage   best  prac4ces   §  Drill,  drill,  drill…   §  ISO  26000  cer4fica4on     21
  22. 22. The European Explorer Patrick F. N. Anderson Chairman & Chief Executive Officer Investor Relations Shae-Lynn Mathers Director, Investor Relations smathers@dalradian.com 416.583.5622 Trading Symbol: DNA on TSX Executive Office: Dalradian Resources Inc. 155 Wellington Street West Suite 2920 Toronto, Ontario Canada M5V 3H1 www.dalradian.com 22
  23. 23. Appendix23
  24. 24. Curraghinalt  NI  43-­‐101  Technical  Report  §  Prepared  by  Micon  Interna4onal  Limited  §  Dated  January  10,  2012  §  Updated  from  May  10,  2010  and  reflects  revised  gold  price   Curraghinalt Mesothermal Gold Deposit Measured 0.02 MT @ 21.51 g/t Au for 0.01 million contained ounces Indicated 1.11 MT @ 12.84 g/t Au for 0.46 million contained ounces Inferred 5.45 MT @ 12.74 g/t Au for 2.23 million contained ounces Notes: §  Subject to a 2% NSR royalty to Minco Plc and a 4% royalty to the Crown Estate on silver and/or gold production §  Assumes US$900/oz and an economic cut-off grade of 5 g/t Au over a minimum thickness of 0.10 metres, diluted to 1 metre at 0 grade §  Using a cut-off grade of 5 g/t §  All veins less than 10 cm were excluded §  Width or vein thickness is measured at 90 degrees to the vertical §  "Vein thickness" refers to a zone of grade and may not be 100 per cent vein material §  Please see "A Mineral Estimate for The Curraghinalt Gold Deposit, Tyrone Project, County Tyrone and County Londonderry, Northern Ireland” dated January 10, 2012 and available at www.dalradian.com 24
  25. 25. Ac=ve  Resource  Industry  in  County  Tyrone  There are approximately 150 quarries across Northern Ireland 25