Reservoir Minerals Presentation - October 2012

Reservoir Minerals

“A New Copper Discovery in a Prolific and Proven Copper-Gold Mining District”

October 2012

Forward Looking Statements

This presentation contains forward-looking statements and factual information that are current
as of the date the presentation was originally delivered. Balkan Exploration and Mining D.o.o. and
its parent Reservoir Minerals Inc., disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise.

Forward-looking statements include, but are not limited to, statements with respect to the timing
and amount of estimated future exploration, success of exploration activities, expenditures,
permitting, and requirements for additional capital and access to data.

Forward looking statements involve known and unknown risks, uncertainties, 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, risks related to actual
results of current exploration activities; changes in project parameters as plans continue to be
refined; the ability to enter into joint ventures or to acquire or dispose of properties; future
prices of mineral resources; accidents, labor disputes and other risks of the mining industry;
ability to obtain financing; and delays in obtaining governmental approvals of financing.

RMC:TSXV
2
WWW.RESERVOIRMINERALS.COM

Summary

Reservoir Minerals Inc. is a Canadian based company listed on the
TSX Venture Exchange (TSX.V:RMC)

Reservoir Minerals is well-capitalized, with approximately $ 19.8
million in its treasury as of October 2012.

Progressing the Timok Copper Gold Project with Freeport-
McMoRan, a new copper discovery within a proven and prolific
copper-gold mining district.

Located in a mining friendly jurisdiction with excellent infrastructure
and skilled workforce.

An experienced exploration and development team.

The right earn-in partner to deliver resource definition programs and
commence mining studies, while creating value for shareholders
without dilution.

RMC:TSXV
3

Balkan and East Europe Mining

Western Tethyan hosts numerous world class copper
–gold deposits.

Later Cretaceous Magmatic belt is a key belt for
copper gold mineralisation

The Timok Magmatic Complex in Serbia host the
world class Majdanpek and Bor deposits which range
from massive sulphide to porphyry style
mineralisation. The deposits are elevated in terms of
copper grade compared with other European belts.

Reservoir Minerals Inc. holds 350 Km2 of permits in
the Timok

RMC:TSXV
4

Serbia: Mining History - Mining friendly
• Exploration & Mining Companies Working in Serbia:
• Freeport McMoRan Copper & Gold
• Rio Tinto
• Avala Resources Ltd, Dunav Resources Ltd and Pan Global Resources Inc
• Government committed to stimulating and encouraging foreign
investments within the Mining Industry. The stated aim:
• ‘…Mining’s contribution to increase from 2% of GDP to 5% by 2020 and
employ 30,000 - 40,000.’
• Mining sector is the fastest growing Industry in Serbia.
• Annual mineral exploration expenditure Euro 50 million
• No Restrictions on Foreign Ownership, No government
participation
• 10% Corporate Tax Rate, 5% NSR royalty on metals Cu and Au.
• Inexpensive Energy Costs - Approximately $0.06 / Kilowatt hour
• New Mining code - 2012, Exploration 3+2+2 years then Mining
Concession.
• The European Union has granted Serbia EU candidate status
(March, 2012)

RMC:TSXV
5

Timok Project- Freeport Earn-in
(Copper – Gold)
• RMC has 5 permits in the Timok (350 km2)-
Adjacent and between operating mines.

• Prolific mining and good exploration potential for
large deposits.

• RMC Deli Jovan gold exploration permit- East of
the Timok Complex.

• RTB Bor Permits over existing mining areas.
Contained mineralization Non 43.101 resources
and Reserves under the Russian system - 10.5 Mt
copper and 11.7 Moz gold metal

• Avala Resources Ltd.(TSX.V: AVZ) in west of Timok
Complex. Bigar Hill Inferred Resource of
38,000,000 T @ 1.3 g/t Au 1.5 Moz contained Au

Note 2

RMC:TSXV
6

Majdanpek - Bor Complex- Prolific & Proven
Copper Producing District
• “The Timok region..over 100 years of continuous
copper-gold mining”

• World class porphyry-epithermal district. RTB Bor
Mine resource and reserves stated to be 2.5 Bt
containing 10.5 Mt copper and 11.7 Moz gold metal.

• Historic Production Bor-Majdanpek Mining Complex:

• Bor (High-Sulfidation Au-Cu)
• 1902-1941 12Mt @ 5.6% Cu, 2.6 g/t Au
• 1951-1984 87Mt @ 1.37% Cu
• 1987-2001 51Mt @ 0.7% Cu, 0.2 g/t Au

• Majdanpek (Porphyry Cu-Au)

• 1961-2003 355Mt @ 0.55% Cu, 0.38 g/t Au

• Veliki Krivelji (Porphyry Cu-Au)

• 1987-2004 137Mt @ 0.35% Cu, 0.09 g/t Au
Note 1

RMC:TSXV
7

RTB Bor- Majdanpek and Bor complex
Mining, Processing and Smelting

Open pit and underground mines - Veliki Krivelj open-pit provides 75% of production. The
balance is from the; Coka Marin underground mine, Majdanpek open-pits and Jama underground
mine.
Integrated Complex - Mineral processing plants, Smelter, acid plants, lime plant, Tankhouse,
Cathode plant, Copper Wire Plant, Foundry, Castings plant, Precious metals refinery.

2011 – production (Estimate)
• Ore: 11.4 million tonnes

• Concentrate: 27,600 tonnes of copper in concentrate

• Cathode: 28,000 MT Copper cathode from domestic and foreign concentrates

RMC:TSXV
8

RTB Bor - Further Developments

Government program of investment and renewal
• New surface mining equipment 2010-2012

• New flash furnace, sulphuric acid plant and effluent
treatment plant. Completion early 2014.

• New smelter designed capacity – 400,000 tpa
concentrate, 80,000 tpa of copper Anode.

• Financing provided by Export Development Canada.

• SNC Lavalin managing contractors (CAN$215 million)
and Flash smelter technology by Outotec (EUR 60
million).

EBRD discussing a Euro 55 Million loan for construction
of slag flotation and wastewater treatment facilities
related to the smelter.

RMC:TSXV
9

Overview of Bor - Infrastructure

• New Discovery 7.5 Km south of Bor pit
• FMTC 1210 -266 metres @ 1.23% CuEq%
1.07 % Cu, 0.28 g/t Au
• FMTC 1213 -160 metres @ 10.16% CuEq%
6.92 % Cu, 5.50 g/t Au
• Close to existing large scale mining
infrastructure
• Road, Rail, Electricity, water, new smelter
and an experienced trained mining
workforce.
• Discovery central to exploration permit
with prospectively in all directions

RMC:TSXV
10

Overview of Bor Mine

Ore specimen
Tilva Rosh mine 15% Cu

RMC:TSXV
11

Overview of Bor – Mine Geology
Deposit Size Cu Au
(Mt) (%) (g/t)

Borsk Reka: 600 0.62 0.25
Porphyry

Tilva Rosh 200 1.5 0.8
High
Sulphidation
- Massive
Sulphide
Note 1

Note 1

RMC:TSXV
12

Timok Project- Freeport Earn-in
(Copper – Gold)
• 3 permits under agreement with Freeport-McMoRan
Exploration Corporation. “Freeport” is targeting the
largest world class deposits.

• US$ 3.0M Earn-in for 55% of project equity
completed.

• Freeport option to free carry Reservoir to bankable
feasibility study for 75% of project.

• Geophysics and 3D geological modeling proving
successful in targeting blind copper and gold
mineralization at depth.

• Four blind discoveries in 2012, 14642m drilled.

• 160 meters @ 10.16% CuEq% (6.92% Cu, 5.40 g/t Au)

• 266 metres @ 1.23% CuEq% (1.07% Cu, 0.28 g/t Au )
The copper-equivalent (CuEq%) is calculated from
• 34 metres @ 2.49 g/t Au and 84 m @ 0.38 % Cu. the formula (Cu% + 0.6*g/tAu)

RMC:TSXV
13

Brestovac Permit Discovery

Brestovac Permit
• Geophysical studies (CSAMT and IP) and Structural
modelling used to define targets.
• Blind discovery to date
• FMTC 1104 - 34 m @ 2.49 g/t Au from 317m to 351m

• FMTC 1210 -266 metres @ 1.23% CuEq% (1.07 % Cu,
0.28 g/t Au) from 598m to 864m.

• FMTC 1213 -160 metres @ 10.16% CuEq% (6.92 %
Cu, 5.50 g/t Au) from 461m to 621m.

• 200m step out drilling
• 4 rigs on site.
• Potentially large copper - gold
epithermal and porphyry style

RMC:TSXV
14

Drill Plan Map of Discovery

RMC:TSXV
15

FMTC 1210 Strip Log
• 0 - 135m - Miocene cover
• 135 - 464m - Cretaceous
sedimentary and volcaniclastic
rocks
• 464 - 1,183m - Andesite and
volcaniclastic rocks.
• Andesites - Locally brecciated,
and variably altered and
mineralised.
• Chalcopyrite, covellite,
chalcocite, bornite and pyrite
occurring as disseminations,
breccia matrix fill, veinlets and
locally massive sulphides
• 864 - 1,183m - Less intensely
altered and mineralized.
• 1,183 - 1,947m results pending

The copper-equivalent (CuEq%) is calculated from
the formula (Cu% + 0.6*g/tAu).

RMC:TSXV
16

FMTC 1213 Strip Log
• 0 – 245 m - Miocene cover
• 245 - 432m - Cretaceous
sedimentary and
volcaniclastic rocks
• 432 - 796.1m - andesite and
volcaniclastic rocks.
• 461.7 to 633.0 m -
moderate to intense
mineralization of covellite,
locally bornite, and pyrite in
strongly altered andesites
• 633-796.1 m- brecciated
andesite with a lower
intensity of sulphide
mineralization decreasing
with depth

The copper-equivalent (CuEq%) is
calculated from the formula (Cu% +
0.6*g/tAu).

RMC:TSXV
17

Schematic NW-SE cross section mineralisation

RMC:TSXV
18

Drill Hole FMTC1213, 528-529 m
28.67 % Cu, 5.50 g/t Au. 31.97 CuEq%

• Massive Sulphide Breccia The copper-equivalent (CuEq%)
is calculated from the formula
• Bornite (63% Cu) and Covellite (66.5% Cu) (Cu% + 0.6*g/tAu).

RMC:TSXV
19

Exploration targets:
Old Bor mine vs exploration core

Tilva Rosh 15% Cu specimen FMTC 1213 Drill core specimen. 508-509 m
36.51 % Cu, 8.50 g/t Au. 41.61 CuEq%

RMC:TSXV
20

Exploration Plans 2012-2013

• Freeport earn in Timok Project Permit areas

• Free carry to completion of feasibility study

• Exploration drilling

• Step out drilling- Define mineralisation
limits, size potential

• Drilling new exploration targets

• Geophysics

• Leskovo permit, new permit surrounding the
Chock Marine Mine.

• JV Recently acquired permits

• New permit applications

RMC:TSXV
21

Budget 2012

CDN$ 1.1m – Corporate: G&A

CDN$ 1.5-2m – Serbia / Europe: Exploration and project development

CDN$ 1-2m – Africa: Exploration portfolio development
• Licence application, Acquire Projects , JV.

• Exploration and Project development on specific projects

CDN$ 3.6-5.1m – Total allocated

CDN$ 16.4- 14.9m – Available for future exploration and corporate activity

RMC:TSXV
22

Corporate Structure
(CDN$)

Equity Shares % Total

Basic total Shares 95%
41,461,664
Management Stock Options 2,396,000 5%

Total Fully Diluted 43,857,664 100.0%

Trading range $0.33 – $3.92 Market cap at $3.30– 136.8M
Listed at $0.65 – November 2011 Cash position - $ 19.8M

RMC:TSXV
23

Management

Simon Ingram (Director, President & CEO) – 20 years in exploration and mining project development
globally. Founding director of Reservoir Capital. PhD in Mineral Resource Evaluation Cardiff University.
Christopher MacIntyre (VP Corporate Development) – 6 years in public markets and the natural
resource sector. Graduate in Commerce from the Queen's School of Business at Queen's University
(Canada).
David Miles (CFO) – Chartered Accountant with more than 30 years experience in the mining and
exploration business. Mr. Miles is currently the CFO of Esperanza Resources Corp., Lara Exploration Ltd.,
and Colombian Mines Corporation.
Aleksandar Obrenovic (VP Exploration) – 20 years in exploration and mining. Graduate of the University
of Belgrade with a degree in Engineering and Economic Geology.
Geological team Serbia – (9 Geologists with 30 -3 years experience) Lajos Seke, Zoran Starcevic, Vojislav
Mrdja, Miodrag Banjesevic, Zeljko Sofronijevic, Dusan Bjelotomic, Marko Krstic, Milos Momic.
Geological team W Africa – (2 Senior Geologists): Chris Spencer and Alain Lambert, both with over
30 years of international experience much with the BRGM.
Duncan Large (Advisor, Geologist and QP) – 30 years in exploration and mining globally.
Royal School of Mines, London (M.Sc.) and the Technical University of Braunschweig (Ph.D.).

RMC:TSXV
24

Directors

Miles Thompson – 25 years in exploration and mining globally. Ex-Manager Business Development
for Gold Fields. Geology graduate of the University of Bristol (UK).

Michael Winn – 25 years in the natural resource sector and public markets. Geology graduate of
the University of Southern California.

David Knox – 25 years Investment banking and commodity trading experience. Currently CEO of
Firestone Energy, an ASX and JSE listed mining development company. Senior Executive Officer, BBY,
(2008 to 2011). Head, Energy Group / Exco Resource Banking, Standard Bank (2000 to 2006).

Geoff Chater – 22 years in the mining industry. From 1999 to 2008, Mr. Chater held the position of
Corporate Relations Manager for copper producer First Quantum Minerals Ltd. Geology graduate of
Texas Christian University.

Miljana Vidovic – 15 years managing energy and minerals exploration businesses in Southeast
Europe. Graduate of the University of Belgrade with a diploma in Economics (Serbia).

RMC:TSXV
25

Conclusion

• A New Copper Discovery with Freeport – Right
Technical and Financial Earn-In

• In A Prolific Copper-Gold Mining District –
Existing Mining Infrastructure

• Clear Mining Law and Favourable Taxation
Environment

• Low-Risk Europe

• Experienced Technical and Management team

• Treasury- CAD$ 19.8M
Regional
Exploration

RMC:TSXV
26

Appendix

• Note 1 Grades and tonnages of RTB Bor and Bor mineralization
quoted in this presentation. Reservoir Minerals Inc. (“RMC”)
• Simon Ingram
emphasizes that these figures cannot be relied on, but considers Director, President and CEO
that an appreciation of the grades in the differing styles of
mineralization in the district is relevant to the assessment of the simon@reservoirminerals.com
Timok Project. A qualified person as defined by National
Instrument 43-101 has not undertaken sufficient work to classify
these figures as mineral resources or mineral reserves and RMC is
• Christopher MacIntyre
not treating them as current mineral resources or mineral Vice President, Corporate Development
reserves.
chris@reservoirminerals.com
• Armstrong, R., Kozelj, D., and Herrington, R. 2005 (The Phone +1 (416) 703-0010
Majdanpek Cu-Au deposits of eastern Serbia, a review. In: Porter,
T.M. ed. Superporphyry copper and gold deposits: a global
perspective: PGC Publishing, Adelaide, v. 2: p. 453-466 • www.reservoirminerals.com
• Note 2 Avala Resources Limited news release July 6, 2012. 43.101
compliant resource estimate. Bigar Hill mineral resource,
prepared by AMC Consultants Limited (UK) (“AMC”), an
independent mining consulting firm, has been estimated at
38,000,000 tonnes grading an average of 1.3 g/t gold in the
inferred resource category for 1,500,000 ounces of gold, using a
0.4 g/t gold cut-off.

RMC:TSXV
27

Reservoir Minerals Presentation - October 2012

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (16)

Similar to Reservoir Minerals Presentation - October 2012

Similar to Reservoir Minerals Presentation - October 2012 (20)

More from reservoirminerals

More from reservoirminerals (7)

Reservoir Minerals Presentation - October 2012