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Precious Metals Summit, September 2016
Patrick F.N. Anderson
High-Grade Gold in Northern Ireland
President & CEO
2
FORWARD-LOOKING INFORMATION AND QUALIFIED PERSON
2
This presentation contains “forward looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of
the Company and its subsidiaries (collectively, “Dalradian”) and its mineral projects, the future price of metals, the estimation of mineral resources, the realization of mineral
resource estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the
development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks,
reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending regulatory matters. Often, but not always,
forward looking statements can be identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state 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 and are based on various assumptions such as
the continued political stability in Northern Ireland, that permits required for Dalradian’s operations will be obtained on a timely basis in order to permit Dalradian to proceed on
schedule with its planned exploration and development programs, that skilled personnel and contractors will be available as Dalradian’s operations continue to grow, that the
price of gold will be at levels that render Dalradian’s mineral projects economic, that the Company will be able to continue raising the necessary capital to finance its operations
and realize on mineral resource estimates and current mine plans and that the assumptions contained in the Company’s PEA (as defined herein) are accurate and complete.
Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Dalradian 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, competitive, political and social uncertainties; the actual results of current and future exploration activities; the actual results of reclamation
activities; conclusions of economic evaluations; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible
variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents,
labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or
construction activities, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2014
dated March 24, 2015 (the “AIF”) .
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking
statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements contained
herein are made as of the date of this presentation and the Company disclaims any obligation to update any forward looking statements, whether as a result of new
information, future events or results, except as may be required by applicable securities 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 anticipated in such statements. Accordingly, readers should not place undue reliance on forward
looking statements.
Certain technical data in this presentation was taken from the NI 43-101 technical report entitled, “Technical Report for the Northern Ireland Gold Project, Northern Ireland”,
dated June 17, 2016 and prepared by Dr. Jean-Francois Couture, PGeo (APGO#0197) and Dr. Oy Leuangthong, PEng (PEO#90563867), both of SRK Consulting (Canada) Inc. and
Stacy Freudigmann, PEng (APEGBC #33972) of JDS Energy & Mining Inc., all of whom are independent Qualified Persons as defined by National Instrument 43-101, and is subject
to all of the assumptions, qualifications and procedures described therein. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Eric Tremblay, P.Eng., Chief Operating Officer, and Greg Hope, M.Sc., MAIG, Exploration and Geology Manager with Dalradian Resources Inc., are the Qualified Persons who
reviewed and approved the technical information in this presentation. The exploration data was based on the procedures described in the Company’s PEA and is subject to all of
the assumptions, qualifications and procedures described therein.
3
PREMIUM ASSET IN A SCARCITY MARKET
 High grade gold in the OECD
 Feasibility Study on schedule for Q4
 Submission of planning application by year-end
4
Industry
515
244
959
2
0
0
130,000
leading safety record
days working underground
blasts
m of development
test stopes
lost-time accidents
non-compliance
m of drilling
CORPORATE
6
THE BOARD:
TRACK RECORD OF FINDING, FUNDING AND BUILDING MINES
PATRICK F. N. ANDERSON
PRESIDENT & CEO
 Founder & Former CEO of Aurelian Resources
 2008 – PDAC International Mineral Discovery
 2008 – Northern Miner Man of the Year
RONALD GAGEL
 CFO of TMAC Resources; Former CFO of FNX Mining and Aur Resources
 2013 – PDAC Distinguished Service Award
THOMAS OBRADOVICH
 Director of Barkerville Gold Mines
 Founder & Former CEO of Young-Davidson Mines
 Former Director of Aurelian Resources
SEAN ROOSEN
 Founder & CEO of Osisko Mining Corporation and Osisko Royalty
Corporation
 ‘06 – Prospector of the Year - Quebec
 ‘08 – Prospector of the Year - Canada
 ‘09 – Northern Miner Man of the Year
JONATHAN RUBENSTEIN
 Director of Eldorado Gold, Detour Gold, MAG Silver
 Former Director of Aurelian Resources, Sutton Resources, Canico
Resource and Cumberland Resources
PATRICK “PADDY” DOWNEY
 Director of Orezone and Pan Global Resources
 Former CEO of Elgin Mining, Aura Minerals and Viceroy Exploration
 Native of Northern Ireland
JIM RUTHERFORD
CHAIRMAN
 Director of Anglo American plc
 Former senior vice president of Capital International Investors,
responsible for mining investments
 Native of Northern Ireland
DR. NICOLE ADSHEAD-BELL
 Director of Pretium, Lithium Americas
 20+ years of experience in the mining sector and capital markets
 Former Director of Mining Research at Sun Valley Gold
7
STOCK PRICE PERFORMANCE
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
$2.75
Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16
Michael Curran$2.15
Tyron Breytenbach$2.70
$2.00 Andrew Breichmanas
Adam Melnyk$2.00
$2.25 Eric Zaunscherb
Jamie Spratt$1.50
$2.25 Ron Stewart
$2.50 Stephen Walker
120p Jonathan Guy
Ryan Walker$1.80
Analyst targets range from
$1.50-$2.70
0
2
4
6
8
10
12
Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16
Volume(Millions)
$1.60
September 14, 2016
SHARE CAPITALIZATION AND
CASH POSITION
Shares outstanding of
217 million and fully diluted of
299 million as of May 4, 2016
Cash position of $23 million
as of June 30, 2016
All dollars quoted in $ CAD
CURRAGHINALT DEPOSIT
9
MINERAL PROJECTS IN IRELAND AND THE UK
 Our flagship asset: Curraghinalt,
orogenic high-grade gold deposit
 Excellent regional infrastructure
 Over 120,000 hectares under license
Gold
Base Metals
Other
Gortin
Omagh
Curraghinalt
BELFAST
N O R T H E R N
I R E L A N D
Galantas
Gold
Conroy
Diamonds
& Gold
Lonmin
Irish Salt
Mining
Irish Salt (Kilroot)
UG Mine
Curraghinalt Gold
Deposit
Galantas (Cavanacaw)
Permitted UG mine
Scotgold (Cononish)
Permitted
Vedanta (Lisheen)
Previous producer
Boliden (Tara)
In production
Lundin (Galmoy)
Previous producer
Conroy (Clontibret)
Gold exploration
Xstrata (Pallas Green)
Feasibility
Wolf (Hemerdon)
Tungsten producer
Cleveland
Potash (Boulby)
In production
Sirius (York Potash)
In development
Croagh Patrick
Gold deposit
IMC Exploration (Avoca)
Exploration
Gold Mines of Wales
(Gwynfynydd/Clogau)
Exploration/former mines
Calliacher-Urlar Burn
Exploration
10
CURRAGHINALT RESOURCE
 Since 2010, we have grown the resource more than 7-fold over 4 updates
 Based on more than 130,000 m of drilling and ~1,700 m of underground development
 May 2016 resource update more than doubled M&I ounces in support of FS
 High-grade gold resource open in all directions1
 Measured: 0.03 MT grading 26.99 g/t Au for 25,000 contained ounces
 Indicated: 5.58 MT grading 11.53 g/t Au for 2.07 million contained ounces
 Inferred: 7.13 MT grading 10.06 g/t Au for 2.31 million contained ounces
1 Refer to technical report dated June 17, 2016
11
 Orogenic deposit; analogous to prolific Abitibi (Canada) and Lachlan Gold Belt (Australia)
 High grade increases with conversion from Inferred to Indicated to Measured
 16 veins identified so far (5 new ones in 2016 resource)
 Abundance, spacing and orientation of veins advantageous for underground mining
 Gold is non-refractory, amenable to off-the-shelf processing
DEPOSIT CHARACTERISTICS
- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000
-1,000
-900
-800
-700
-600
-500
-400
-300
-200
-100
0
Metresbelowsurface
High ounces per vertical metre
12
CURRAGHINALT VEIN SYSTEM
13
RESOURCE EXPANSION
1 Refer to Technical Report dated June 17, 2016
2 2a 12-CT-173 drilled at 150/-60; 2b and 2c 12-CT-162 drilled at 180/-55; 2b from 186.00m - 188.22m, 2c from 229.08m - 230.55m; true width undetermined
3 11-CT-99 drilled from 471.14-474.34m
4 12-CT-167 drilled from 201.93-204.40m
5 12-CT-154
Vein and Vein Intersections
Curraghinalt
Deposit
Curraghinalt Deposit
Resource effective as of May 2016
1
–
Measured: 0.03 Moz Au (0.03 MT @ 26.99 g/t)
Indicated: 2.07 Moz Au (5.58 MT @ 11.53 g/t)
Inferred: 2.31 Moz Au (7.13 MT @ 10.06 g/t)
Attagh Burn
2.47m @ 18.99 g/t Au
4
Alwories Discovery Holes
2
4.72m @ 14.82 g/t Au
2a
2.22m @ 14.10 g/t Au
2b
1.47m @ 23.60 g/t Au
2c
900 m Step-out
0.65m @ 15.04 g/t Au5
400 m Step-out
3.2m @ 5.34 g/t Au
3
Proposed
mill site
Curraghinalt
Deposit
12km
Curraghinalt
Trend
Rylagh
14
 New licence areas
DG5/DG6 added in
June 2016
 DG5 and DG6 anomalies
are the largest on our
licences outside of
Curraghinalt
 Soil sampling, panning
and stream sediment
sampling on all
six licences
REGIONAL EXPLORATION
FEASIBILITY STUDY
16
FEASIBILITY STUDY
FS supported by:
 UG program, including 960 m of new
development with test stoping and
 130,000 m of drilling (including
51,479 m of new infill drilling)
FS proceeding on the basis of:
 Mining primarily by longhole but
with additional methods as required
to minimize dilution;
 Processing incorporating a flotation
circuit (recovery of 94%-plus);
 Dry stack tailings; and
 ~ 50% of waste rock to be returned
underground as paste backfill
17
SITE OVERVIEW
Crow
106-16
No. 1
T-17
Mullan
Sheep Dip
Road
Water treatment plant
Waste pad
Ore storage
Explosives magazine
Elevator and ventilation
Veins
Previous
Development
Development
completed by DNA
V-75
Adit
Test stopes
Planning
decision
TEST STOPE LOCATION
Prepare ESIA
Test stopes
Previous development
DNA development metres
0 12.5 25
Planning
decision
TEST STOPE RESULTS
Prepare ESIA
2.8 metres
1.4 metres
on average
 Overall, recovered 54% more gold than
predicted in resource model
 Validates long-hole open stoping as the
primary mining method
 Shows that narrow mining widths can
be achieved using mechanized methods
 Stope 1: average width of 1.40 m;
dilution of 29% to the designed stope
 Stope 2: average width of 1.33 m;
dilution of 10% to the designed stope
PERMITTING
21
NI GOVERNMENT FOCUSED ON JOBS
 Top priority of government is
jobs & investment
 DUP returned as largest party with
the most seats in the Assembly
and first minister role
 Numerous government officials
have visited our project, including
the First Minister
 Invest NI grant to Dalradian for
$590,000 to support jobs and
training during UG Program
Aug 2014 site visit by Arlene Foster, MLA, then
Minister for Enterprise, Trade and Investment,
now First Minister
Planning
decision
PERMITTING PROCESS
Draft Project
Description
(pre-consultation with
stakeholders via PAD)
Prepare ESIA
Submit
Planning
Application
H2 2016
Planning NI
Review
Permission to construct a mine will be based
on a Planning Application, which will consist
of a Project Description and an Environmental
and Social Impact Assessment (ESIA)
Review and approval is
estimated to take 1-2 years
Curraghinalt has been designated a project
of “regional significance”, which allows
ministerial involvement in the planning decision
Pre-engage with DfI
via a Pre-Application
Discussion (PAD)
Granted
Refused
Referred to Public
Local Inquiry
23
ESTIMATED TIMELINE
Jan
2016 Feb Mar Apr May June July Aug Sept Oct Nov Dec
UG development Test stoping
Infill drilling
Resource update
1st round of 2nd round of Submission of
Stakeholder consultations consultations Planning Application
Feasibility study
Preparation of ESIA
SUMMARY
DNA HIGHLIGHTS
 Team of mine builders, explorers,
financiers and local expertise
 Business-friendly jurisdiction
with transparent permitting
 Dual-listed in Toronto & London
 Large, high-grade vein system
 Proven narrow-vein
mining methods
 Non-refractory gold
26
Patrick F.N. Anderson
President & CEO
info@dalradian.com
416.583.5622
Trading Symbol:
DNA on TSX
DALR on AIM
Corporate Office:
Dalradian Resources Inc.
Queen’s Quay Terminal
207 Queen’s Quay West
Suite 416
Toronto, Ontario
Canada M5J 1A7
www.dalradian.com

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Dalradian presentation september 14 2016 final

  • 1. Precious Metals Summit, September 2016 Patrick F.N. Anderson High-Grade Gold in Northern Ireland President & CEO
  • 2. 2 FORWARD-LOOKING INFORMATION AND QUALIFIED PERSON 2 This presentation contains “forward looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its subsidiaries (collectively, “Dalradian”) and its mineral projects, the future price of metals, the estimation of mineral resources, the realization of mineral resource estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending regulatory matters. Often, but not always, forward looking statements can be identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state 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 and are based on various assumptions such as the continued political stability in Northern Ireland, that permits required for Dalradian’s operations will be obtained on a timely basis in order to permit Dalradian to proceed on schedule with its planned exploration and development programs, that skilled personnel and contractors will be available as Dalradian’s operations continue to grow, that the price of gold will be at levels that render Dalradian’s mineral projects economic, that the Company will be able to continue raising the necessary capital to finance its operations and realize on mineral resource estimates and current mine plans and that the assumptions contained in the Company’s PEA (as defined herein) are accurate and complete. Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Dalradian 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, competitive, political and social uncertainties; the actual results of current and future exploration activities; the actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2014 dated March 24, 2015 (the “AIF”) . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements contained herein are made as of the date of this presentation and the Company disclaims any obligation to update any forward looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities 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 anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Certain technical data in this presentation was taken from the NI 43-101 technical report entitled, “Technical Report for the Northern Ireland Gold Project, Northern Ireland”, dated June 17, 2016 and prepared by Dr. Jean-Francois Couture, PGeo (APGO#0197) and Dr. Oy Leuangthong, PEng (PEO#90563867), both of SRK Consulting (Canada) Inc. and Stacy Freudigmann, PEng (APEGBC #33972) of JDS Energy & Mining Inc., all of whom are independent Qualified Persons as defined by National Instrument 43-101, and is subject to all of the assumptions, qualifications and procedures described therein. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Eric Tremblay, P.Eng., Chief Operating Officer, and Greg Hope, M.Sc., MAIG, Exploration and Geology Manager with Dalradian Resources Inc., are the Qualified Persons who reviewed and approved the technical information in this presentation. The exploration data was based on the procedures described in the Company’s PEA and is subject to all of the assumptions, qualifications and procedures described therein.
  • 3. 3 PREMIUM ASSET IN A SCARCITY MARKET  High grade gold in the OECD  Feasibility Study on schedule for Q4  Submission of planning application by year-end
  • 4. 4 Industry 515 244 959 2 0 0 130,000 leading safety record days working underground blasts m of development test stopes lost-time accidents non-compliance m of drilling
  • 6. 6 THE BOARD: TRACK RECORD OF FINDING, FUNDING AND BUILDING MINES PATRICK F. N. ANDERSON PRESIDENT & CEO  Founder & Former CEO of Aurelian Resources  2008 – PDAC International Mineral Discovery  2008 – Northern Miner Man of the Year RONALD GAGEL  CFO of TMAC Resources; Former CFO of FNX Mining and Aur Resources  2013 – PDAC Distinguished Service Award THOMAS OBRADOVICH  Director of Barkerville Gold Mines  Founder & Former CEO of Young-Davidson Mines  Former Director of Aurelian Resources SEAN ROOSEN  Founder & CEO of Osisko Mining Corporation and Osisko Royalty Corporation  ‘06 – Prospector of the Year - Quebec  ‘08 – Prospector of the Year - Canada  ‘09 – Northern Miner Man of the Year JONATHAN RUBENSTEIN  Director of Eldorado Gold, Detour Gold, MAG Silver  Former Director of Aurelian Resources, Sutton Resources, Canico Resource and Cumberland Resources PATRICK “PADDY” DOWNEY  Director of Orezone and Pan Global Resources  Former CEO of Elgin Mining, Aura Minerals and Viceroy Exploration  Native of Northern Ireland JIM RUTHERFORD CHAIRMAN  Director of Anglo American plc  Former senior vice president of Capital International Investors, responsible for mining investments  Native of Northern Ireland DR. NICOLE ADSHEAD-BELL  Director of Pretium, Lithium Americas  20+ years of experience in the mining sector and capital markets  Former Director of Mining Research at Sun Valley Gold
  • 7. 7 STOCK PRICE PERFORMANCE $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 $2.00 $2.25 $2.50 $2.75 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Michael Curran$2.15 Tyron Breytenbach$2.70 $2.00 Andrew Breichmanas Adam Melnyk$2.00 $2.25 Eric Zaunscherb Jamie Spratt$1.50 $2.25 Ron Stewart $2.50 Stephen Walker 120p Jonathan Guy Ryan Walker$1.80 Analyst targets range from $1.50-$2.70 0 2 4 6 8 10 12 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Volume(Millions) $1.60 September 14, 2016 SHARE CAPITALIZATION AND CASH POSITION Shares outstanding of 217 million and fully diluted of 299 million as of May 4, 2016 Cash position of $23 million as of June 30, 2016 All dollars quoted in $ CAD
  • 9. 9 MINERAL PROJECTS IN IRELAND AND THE UK  Our flagship asset: Curraghinalt, orogenic high-grade gold deposit  Excellent regional infrastructure  Over 120,000 hectares under license Gold Base Metals Other Gortin Omagh Curraghinalt BELFAST N O R T H E R N I R E L A N D Galantas Gold Conroy Diamonds & Gold Lonmin Irish Salt Mining Irish Salt (Kilroot) UG Mine Curraghinalt Gold Deposit Galantas (Cavanacaw) Permitted UG mine Scotgold (Cononish) Permitted Vedanta (Lisheen) Previous producer Boliden (Tara) In production Lundin (Galmoy) Previous producer Conroy (Clontibret) Gold exploration Xstrata (Pallas Green) Feasibility Wolf (Hemerdon) Tungsten producer Cleveland Potash (Boulby) In production Sirius (York Potash) In development Croagh Patrick Gold deposit IMC Exploration (Avoca) Exploration Gold Mines of Wales (Gwynfynydd/Clogau) Exploration/former mines Calliacher-Urlar Burn Exploration
  • 10. 10 CURRAGHINALT RESOURCE  Since 2010, we have grown the resource more than 7-fold over 4 updates  Based on more than 130,000 m of drilling and ~1,700 m of underground development  May 2016 resource update more than doubled M&I ounces in support of FS  High-grade gold resource open in all directions1  Measured: 0.03 MT grading 26.99 g/t Au for 25,000 contained ounces  Indicated: 5.58 MT grading 11.53 g/t Au for 2.07 million contained ounces  Inferred: 7.13 MT grading 10.06 g/t Au for 2.31 million contained ounces 1 Refer to technical report dated June 17, 2016
  • 11. 11  Orogenic deposit; analogous to prolific Abitibi (Canada) and Lachlan Gold Belt (Australia)  High grade increases with conversion from Inferred to Indicated to Measured  16 veins identified so far (5 new ones in 2016 resource)  Abundance, spacing and orientation of veins advantageous for underground mining  Gold is non-refractory, amenable to off-the-shelf processing DEPOSIT CHARACTERISTICS - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 -1,000 -900 -800 -700 -600 -500 -400 -300 -200 -100 0 Metresbelowsurface High ounces per vertical metre
  • 13. 13 RESOURCE EXPANSION 1 Refer to Technical Report dated June 17, 2016 2 2a 12-CT-173 drilled at 150/-60; 2b and 2c 12-CT-162 drilled at 180/-55; 2b from 186.00m - 188.22m, 2c from 229.08m - 230.55m; true width undetermined 3 11-CT-99 drilled from 471.14-474.34m 4 12-CT-167 drilled from 201.93-204.40m 5 12-CT-154 Vein and Vein Intersections Curraghinalt Deposit Curraghinalt Deposit Resource effective as of May 2016 1 – Measured: 0.03 Moz Au (0.03 MT @ 26.99 g/t) Indicated: 2.07 Moz Au (5.58 MT @ 11.53 g/t) Inferred: 2.31 Moz Au (7.13 MT @ 10.06 g/t) Attagh Burn 2.47m @ 18.99 g/t Au 4 Alwories Discovery Holes 2 4.72m @ 14.82 g/t Au 2a 2.22m @ 14.10 g/t Au 2b 1.47m @ 23.60 g/t Au 2c 900 m Step-out 0.65m @ 15.04 g/t Au5 400 m Step-out 3.2m @ 5.34 g/t Au 3 Proposed mill site Curraghinalt Deposit 12km Curraghinalt Trend Rylagh
  • 14. 14  New licence areas DG5/DG6 added in June 2016  DG5 and DG6 anomalies are the largest on our licences outside of Curraghinalt  Soil sampling, panning and stream sediment sampling on all six licences REGIONAL EXPLORATION
  • 16. 16 FEASIBILITY STUDY FS supported by:  UG program, including 960 m of new development with test stoping and  130,000 m of drilling (including 51,479 m of new infill drilling) FS proceeding on the basis of:  Mining primarily by longhole but with additional methods as required to minimize dilution;  Processing incorporating a flotation circuit (recovery of 94%-plus);  Dry stack tailings; and  ~ 50% of waste rock to be returned underground as paste backfill
  • 17. 17 SITE OVERVIEW Crow 106-16 No. 1 T-17 Mullan Sheep Dip Road Water treatment plant Waste pad Ore storage Explosives magazine Elevator and ventilation Veins Previous Development Development completed by DNA V-75 Adit Test stopes
  • 18. Planning decision TEST STOPE LOCATION Prepare ESIA Test stopes Previous development DNA development metres 0 12.5 25
  • 19. Planning decision TEST STOPE RESULTS Prepare ESIA 2.8 metres 1.4 metres on average  Overall, recovered 54% more gold than predicted in resource model  Validates long-hole open stoping as the primary mining method  Shows that narrow mining widths can be achieved using mechanized methods  Stope 1: average width of 1.40 m; dilution of 29% to the designed stope  Stope 2: average width of 1.33 m; dilution of 10% to the designed stope
  • 21. 21 NI GOVERNMENT FOCUSED ON JOBS  Top priority of government is jobs & investment  DUP returned as largest party with the most seats in the Assembly and first minister role  Numerous government officials have visited our project, including the First Minister  Invest NI grant to Dalradian for $590,000 to support jobs and training during UG Program Aug 2014 site visit by Arlene Foster, MLA, then Minister for Enterprise, Trade and Investment, now First Minister
  • 22. Planning decision PERMITTING PROCESS Draft Project Description (pre-consultation with stakeholders via PAD) Prepare ESIA Submit Planning Application H2 2016 Planning NI Review Permission to construct a mine will be based on a Planning Application, which will consist of a Project Description and an Environmental and Social Impact Assessment (ESIA) Review and approval is estimated to take 1-2 years Curraghinalt has been designated a project of “regional significance”, which allows ministerial involvement in the planning decision Pre-engage with DfI via a Pre-Application Discussion (PAD) Granted Refused Referred to Public Local Inquiry
  • 23. 23 ESTIMATED TIMELINE Jan 2016 Feb Mar Apr May June July Aug Sept Oct Nov Dec UG development Test stoping Infill drilling Resource update 1st round of 2nd round of Submission of Stakeholder consultations consultations Planning Application Feasibility study Preparation of ESIA
  • 25. DNA HIGHLIGHTS  Team of mine builders, explorers, financiers and local expertise  Business-friendly jurisdiction with transparent permitting  Dual-listed in Toronto & London  Large, high-grade vein system  Proven narrow-vein mining methods  Non-refractory gold
  • 26. 26 Patrick F.N. Anderson President & CEO info@dalradian.com 416.583.5622 Trading Symbol: DNA on TSX DALR on AIM Corporate Office: Dalradian Resources Inc. Queen’s Quay Terminal 207 Queen’s Quay West Suite 416 Toronto, Ontario Canada M5J 1A7 www.dalradian.com