This investor presentation provides an overview of Fortune Minerals and its two late-stage mineral development projects in Canada. It discusses the Arctos Anthracite Project in detail, including its strategic partnership with POSCO, the world's fourth largest steel producer. The presentation notes that Arctos represents one of the largest and most advanced anthracite coal deposits in a mining-friendly jurisdiction. It also summarizes the positive economics, permitting status, and infrastructure plans for the project, including rail access to the deep water port of Ridley Terminals.
This investor presentation provides information on Fortune Minerals Limited, a Canadian mineral development company with two advanced projects. It summarizes the positive feasibility studies for its Arctos anthracite coal project in BC and NICO metals project in the Northwest Territories. For the Arctos project, it highlights the robust economics, environmental assessment progress, and strategic partnership with POSCO, one of the world's largest steel producers. It also discusses growing global demand for metallurgical coal and constrained supply.
This investor presentation provides an overview of Fortune Minerals and its two advanced mineral development projects. The presentation discusses the Arctos anthracite coal project in detail, including its resource estimates, positive feasibility study results, strategic partnership with POSCO, and progress through permitting. It also reviews supply and demand fundamentals for metallurgical coal that indicate demand will exceed supply, positioning Arctos well for future markets.
- Fortune Minerals Limited is an emerging strategic metal and coal producer that owns the Mount Klappan Anthracite Coal Project in British Columbia, one of the world's premier metallurgical coal development projects.
- The company has secured a joint venture partnership with POSCO, one of the world's largest steel producers, to help fund the project towards construction.
- Fortune also owns the NICO gold-cobalt-bismuth-copper project in the Northwest Territories and Saskatchewan, which has over 4 million ounces of gold equivalent and is undergoing permitting.
Fortune Minerals Investor Presentation - January 2014Company Spotlight
- The document is an investor presentation for Fortune Minerals outlining their two late-stage mineral development projects in Canada: the Arctos Anthracite Project and the NICO gold-cobalt project.
- The Arctos project has completed a positive feasibility study and environmental assessment and is advancing permitting to begin production. It would be an open-pit mine producing high-quality metallurgical coal.
- Fortune Minerals also provided updates on project economics from the feasibility study, resource estimates, permitting progress, partnerships including with POSCO, and plans to further advance the project.
Fortune Minerals Investor Presentation November 2013Company Spotlight
This investor presentation provides an overview of Fortune Minerals and its two late-stage mineral development projects in Canada. It summarizes the positive feasibility study for its Arctos Anthracite Project, a metallurgical coal mine in British Columbia with a strategic partnership with POSCO. It also provides corporate and ownership information, analyst coverage, and discusses progress on permitting and development.
China oilfield service industry report, 2010 2011ResearchInChina
This document analyzes and summarizes the oilfield service industry in China from 2010-2011. It focuses on the development environment, key enterprises, and related sectors that support oil and gas exploration, development and production. The oilfield service market in China is growing due to increasing demand for oil and gas, but recovery ratios and proven reserves rates remain lower than overseas levels due to limitations in exploration technologies and services. Major state-owned companies are increasing investments to ensure energy security, driving demand for domestic oilfield service providers.
Forbes & Manhattan Coal Corp. is a growing coal producer in South Africa with bituminous and anthracite coal operations. It has a total mineable coal resource of 72.5 million tonnes of bituminous coal and 50.8 million tonnes of anthracite coal. The company aims to increase annual saleable production to 2 million tonnes within 3 years by expanding its Magdalena and Aviemore mines. Forbes & Manhattan provides concise summaries of its coal resources, mining operations, production and sales figures, management team, and investment highlights.
Sharyn Gol JSC is a Mongolian coal mining company that operates the oldest coal mine in Mongolia. The company is planning a major expansion to increase production from 0.8 million tonnes per year currently to 2.5 million tonnes per year. Recent drilling has delineated large new JORC-compliant coal resources totaling 324 million tonnes that can support increased production. The company's rail spur provides access to both domestic and international coal markets in China and Russia. Sharyn Gol JSC aims to become a leading Mongolian coal producer and exporter by capitalizing on strong Asian demand for thermal coal.
This investor presentation provides information on Fortune Minerals Limited, a Canadian mineral development company with two advanced projects. It summarizes the positive feasibility studies for its Arctos anthracite coal project in BC and NICO metals project in the Northwest Territories. For the Arctos project, it highlights the robust economics, environmental assessment progress, and strategic partnership with POSCO, one of the world's largest steel producers. It also discusses growing global demand for metallurgical coal and constrained supply.
This investor presentation provides an overview of Fortune Minerals and its two advanced mineral development projects. The presentation discusses the Arctos anthracite coal project in detail, including its resource estimates, positive feasibility study results, strategic partnership with POSCO, and progress through permitting. It also reviews supply and demand fundamentals for metallurgical coal that indicate demand will exceed supply, positioning Arctos well for future markets.
- Fortune Minerals Limited is an emerging strategic metal and coal producer that owns the Mount Klappan Anthracite Coal Project in British Columbia, one of the world's premier metallurgical coal development projects.
- The company has secured a joint venture partnership with POSCO, one of the world's largest steel producers, to help fund the project towards construction.
- Fortune also owns the NICO gold-cobalt-bismuth-copper project in the Northwest Territories and Saskatchewan, which has over 4 million ounces of gold equivalent and is undergoing permitting.
Fortune Minerals Investor Presentation - January 2014Company Spotlight
- The document is an investor presentation for Fortune Minerals outlining their two late-stage mineral development projects in Canada: the Arctos Anthracite Project and the NICO gold-cobalt project.
- The Arctos project has completed a positive feasibility study and environmental assessment and is advancing permitting to begin production. It would be an open-pit mine producing high-quality metallurgical coal.
- Fortune Minerals also provided updates on project economics from the feasibility study, resource estimates, permitting progress, partnerships including with POSCO, and plans to further advance the project.
Fortune Minerals Investor Presentation November 2013Company Spotlight
This investor presentation provides an overview of Fortune Minerals and its two late-stage mineral development projects in Canada. It summarizes the positive feasibility study for its Arctos Anthracite Project, a metallurgical coal mine in British Columbia with a strategic partnership with POSCO. It also provides corporate and ownership information, analyst coverage, and discusses progress on permitting and development.
China oilfield service industry report, 2010 2011ResearchInChina
This document analyzes and summarizes the oilfield service industry in China from 2010-2011. It focuses on the development environment, key enterprises, and related sectors that support oil and gas exploration, development and production. The oilfield service market in China is growing due to increasing demand for oil and gas, but recovery ratios and proven reserves rates remain lower than overseas levels due to limitations in exploration technologies and services. Major state-owned companies are increasing investments to ensure energy security, driving demand for domestic oilfield service providers.
Forbes & Manhattan Coal Corp. is a growing coal producer in South Africa with bituminous and anthracite coal operations. It has a total mineable coal resource of 72.5 million tonnes of bituminous coal and 50.8 million tonnes of anthracite coal. The company aims to increase annual saleable production to 2 million tonnes within 3 years by expanding its Magdalena and Aviemore mines. Forbes & Manhattan provides concise summaries of its coal resources, mining operations, production and sales figures, management team, and investment highlights.
Sharyn Gol JSC is a Mongolian coal mining company that operates the oldest coal mine in Mongolia. The company is planning a major expansion to increase production from 0.8 million tonnes per year currently to 2.5 million tonnes per year. Recent drilling has delineated large new JORC-compliant coal resources totaling 324 million tonnes that can support increased production. The company's rail spur provides access to both domestic and international coal markets in China and Russia. Sharyn Gol JSC aims to become a leading Mongolian coal producer and exporter by capitalizing on strong Asian demand for thermal coal.
Forbes & Manhattan Coal Corp. is a growing coal producer in South Africa with two operating mines - the Magdalena mine producing bituminous coal and the Aviemore mine producing anthracite coal. The company has a large coal resource base of over 72 million tonnes of bituminous coal and over 50 million tonnes of anthracite coal. In fiscal year 2013, total saleable production was over 958,000 tonnes. The company aims to increase production to over 2 million tonnes per year. Forbes & Manhattan Coal Corp. provides South African and international customers with high quality thermal and energy coal.
This document provides an overview of Avion Gold Corporation, including:
1. Forward-looking statements about the company's projects and estimates which are subject to risks and uncertainties.
2. Details of the company's current gold production, plans to increase production to 200,000 ounces per year by 2012, and historical and estimated future production levels and costs.
3. Information about the company's project locations in Mali and Burkina Faso, current resource estimates totaling over 3.65 million ounces, and potential for further resource expansion.
4. The company's strong balance sheet with over $38 million in cash as well as its capital structure and trading multiples compared to peers.
The document provides an overview of Sharyn Gol JSC, a coal mining company in Mongolia. It summarizes that Sharyn Gol has large coal resources, currently produces around 500,000 tons annually but plans to increase production significantly. It also has its own rail line providing access to domestic and international markets. The company aims to become a major coal supplier in Mongolia and the Asian region to meet growing energy demand.
The document discusses the long-term outlook for steelmaking coal demand. It states that while overall steelmaking coal demand is expected to decline slightly by 2050, demand for high-quality seaborne hard coking coal used in blast furnace steelmaking is forecast to remain strong due to expected steel demand growth in regions like India and Southeast Asia that rely on imports. It also notes that technologies like carbon capture and storage will be needed to significantly reduce steelmaking emissions and help meet climate targets, and that blast furnace steelmaking using high-quality coal will continue to play an important role during the transition to lower-carbon steel production methods.
1) The document summarizes plans by Sharyn Gol JSC to significantly expand its coal mining operations in Mongolia over the next several years.
2) It currently produces 0.5 million tonnes per year but has outlined plans to ramp up production to 1 million tonnes initially and eventually to 2.5 million tonnes through opening a new pit and expanding existing operations.
3) Sharyn Gol has a large JORC-compliant coal resource base of over 374 million tonnes that can support expanded mining for over 100 years at the planned higher production rates.
The document discusses Plateau Energy Metals' Falchani Lithium Project in Peru as a strategic clean technology asset. Demand for lithium is growing 20% annually due to increasing electric vehicle adoption and battery usage. Falchani contains a high-quality lithium resource near surface infrastructure. Plateau plans to update resources and complete a preliminary economic assessment and metallurgical studies to advance the project.
Ur-Energy's March 2020 Corporate PresentationUr-Energy
The document discusses Ur-Energy's operations and the uranium market. It notes that Ur-Energy has consistently produced uranium at its Lost Creek facility for over 6 years. It also mentions several factors that could impact the uranium market in coming years, including the expiration of the Russian Suspension Agreement and sanctions on Iran. The document contains forward-looking statements and projections that are inherently uncertain.
Ur-Energy's June 2020 Corporate PresentationUr-Energy
- The document is a presentation by Ur-Energy discussing its uranium mining operations and the uranium market.
- It summarizes Ur-Energy's consistent production at its Lost Creek facility in Wyoming and low-cost operations, as well as its flexible sales agreements that have provided strong profit margins.
- It also discusses positive developments for the uranium industry, including recommendations from the U.S. Nuclear Fuel Working Group to establish a national uranium reserve which could support ramping up of Ur-Energy's production.
The document discusses Plateau Energy Metals' Falchani Lithium Project in Peru as a strategic clean technology asset. Demand for lithium is growing 20% annually due to increasing adoption of electric vehicles and renewable energy storage. The Falchani Project has the potential to produce a high purity lithium carbonate product. It has excellent infrastructure and is located in a mining-supportive jurisdiction in Peru. Plateau plans to update resources and complete a preliminary economic assessment and metallurgical studies to advance the Falchani Project.
Lots of great slides with maps and details of Rice's Marcellus and Utica Shale drilling programs. Rice Energy went public in January 2014 and raised $924 million. So far, as of 1Q14, they have drilled 41 shale wells that are turned in and online, earning them money. In 1Q14 those 41 wells produced a collective average of 209 million cubic feet of natural gas per day.
- Teck Resources reported record quarterly coal production, coal sales, and zinc production at Antamina in Q2 2017. Gross profit increased by approximately $900 million compared to Q2 2016.
- Construction at the Fort Hills oil sands project was over 92% complete at the end of Q2 2017, with first oil expected by the end of 2017.
- Teck set a new dividend policy, doubling its base dividend to $0.20 per share annually, and announced the sale of its two-thirds interest in the Waneta Dam for $1.2 billion.
2017 scotia howard weil energy conference finalGib Knight
- Newfield Exploration Company is focused on developing its large acreage position in the Anadarko Basin, which it believes can deliver decades of high returns through drilling.
- Newfield has a proven track record of finding and developing valuable plays and is a proven operator that has taken multiple plays from concept to development.
- Newfield's financial strength and capital discipline allows it to execute its development plan, even at current commodity prices, through continued Anadarko Basin oil growth.
The document provides an overview of a partnership between Antero Midstream Partners LP and Antero Resources Corporation. It contains forward-looking statements regarding future plans, strategies, objectives, and anticipated financial and operating results. These statements are based on certain assumptions involving risks and uncertainties that could cause actual results to differ. The partnership cautions readers that forward-looking statements are subject to risks and uncertainties that could cause actual results to be inaccurate. The ability to make future distributions is dependent on Antero Resources' development and drilling plan, which is dependent on its annual capital budget approval.
- The document provides an overview of Antero Resources Corporation, a company focused on developing natural gas and oil resources from the Marcellus and Utica Shales.
- Antero has significant reserves and acreage positions in the Marcellus and Utica Shales, with over 37 trillion cubic feet of reserves across both plays.
- The company has invested heavily in midstream infrastructure like gathering lines and processing facilities to support its production and growth.
- Antero has also secured long-term firm transportation and processing agreements to achieve premium realized prices for its natural gas and natural gas liquids.
European gold forum, screen apr 2016 (royal gold)RoyalGold
Royal Gold presented at the 2016 European Gold Forum in April. The presentation discussed Royal Gold's growing portfolio of streaming agreements, which is diversified across several quality assets and operators. Recent additions include streams on the Pueblo Viejo mine in the Dominican Republic and the Rainy River project in Canada. Record quarterly results in the December quarter were driven by initial contributions from Pueblo Viejo. Royal Gold has a strong balance sheet and liquidity position to fund its few remaining near-term commitments.
The document provides an overview of Antero Resources Corporation. It notes that the presentation contains forward-looking statements subject to risks and uncertainties. It also highlights several changes made in the presentation since February 2017, including updated slides on Antero's reserve growth, liquids-rich resource base, and increasing NGL realizations. The document introduces Antero as the largest liquids-rich natural gas producer and consolidator in Appalachia.
This document provides an overview of Entrée Gold Inc., including information on its projects in Mongolia and Nevada. It summarizes key details from a preliminary economic assessment for Entrée's Ann Mason copper-molybdenum project in Nevada, which outlined a proposed open-pit mine with an initial 24-year mine life and after-tax NPV of $1.11 billion using base case metal prices. The document also discusses Entrée's joint venture interest in the Oyu Tolgoi copper-gold mining complex in Mongolia, highlighting inferred resources attributable to Entrée of over 6 billion pounds of copper equivalent.
Entrée Gold presented information on its mining projects in Mongolia and Nevada. In Mongolia, it has a joint venture interest in the Hugo North Extension and Heruga deposits at Oyu Tolgoi. Hugo North Extension has indicated resources of 132 million tonnes grading 1.65% copper and inferred resources of 134 million tonnes grading 0.93% copper. Heruga has inferred resources of 1.8 billion tonnes grading 0.38% copper. In Nevada, Entrée's Ann Mason deposit has indicated resources of 873 million tonnes grading 0.29% copper and inferred resources of 1.1 billion tonnes grading 0.33% copper based on a preliminary economic assessment. The assessment estimated an after-tax
Teck provided an Investor and Analyst Day presentation on March 30, 2017. The presentation contained forward-looking statements and assumptions about Teck's future financial performance. It noted that Teck achieved significant debt reduction in 2016 through a bond tender offer that reduced outstanding notes to around US$5.1 billion from US$7.2 billion in 2012. The presentation highlighted Teck's strong financial position with an undrawn US$3 billion credit facility and expected significant free cash flow generation going forward.
Fortune Minerals Limited Investor Presentation from May 2013 highlights their Arctos Anthracite Project in British Columbia. The project involves developing one of the world's largest deposits of high-quality anthracite coal. A 2012 feasibility study found the project economically viable, with a pre-tax IRR of 17% and NPV of C$615.9 million at an ultra-low volatile PCI coal price of US$175/tonne. The project has over 230 million tonnes of coal resources and 124 million tonnes of reserves that could support over 25 years of initial 3 Mtpa production. Fortune has also secured POSCO, one of the world's largest steel producers, as a 20% joint venture
Fortune Minerals - Investor Presentation - January 2014Company Spotlight
- The document is an investor presentation for a Canadian mineral development company that owns two late-stage projects, a metallurgical coal project and a gold-cobalt project.
- The met coal project, called Arctos Anthracite, has completed a positive feasibility study and environmental assessment work is underway. It aims to produce high quality ultra-low volatile PCI coal.
- The company has a strategic partnership with POSCO, one of the world's largest steel companies, for the Arctos project which validates the project and will aid in its development.
Fortune Minerals - Investor Presentation April 2014Company Spotlight
This investor presentation provides an overview of Fortune Minerals Limited, a Canadian mineral development company with two advanced projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt-bismuth-copper project in the Northwest Territories and Saskatchewan. The presentation summarizes the positive feasibility study for the NICO project, which indicates attractive economics including a pre-tax NPV of $254 million and IRR of 15.6%. It also outlines the project's mineral reserves and the plans for an integrated mine, concentrator, and hydrometallurgical refinery to produce gold, cobalt, bismuth, and copper products.
Forbes & Manhattan Coal Corp. is a growing coal producer in South Africa with two operating mines - the Magdalena mine producing bituminous coal and the Aviemore mine producing anthracite coal. The company has a large coal resource base of over 72 million tonnes of bituminous coal and over 50 million tonnes of anthracite coal. In fiscal year 2013, total saleable production was over 958,000 tonnes. The company aims to increase production to over 2 million tonnes per year. Forbes & Manhattan Coal Corp. provides South African and international customers with high quality thermal and energy coal.
This document provides an overview of Avion Gold Corporation, including:
1. Forward-looking statements about the company's projects and estimates which are subject to risks and uncertainties.
2. Details of the company's current gold production, plans to increase production to 200,000 ounces per year by 2012, and historical and estimated future production levels and costs.
3. Information about the company's project locations in Mali and Burkina Faso, current resource estimates totaling over 3.65 million ounces, and potential for further resource expansion.
4. The company's strong balance sheet with over $38 million in cash as well as its capital structure and trading multiples compared to peers.
The document provides an overview of Sharyn Gol JSC, a coal mining company in Mongolia. It summarizes that Sharyn Gol has large coal resources, currently produces around 500,000 tons annually but plans to increase production significantly. It also has its own rail line providing access to domestic and international markets. The company aims to become a major coal supplier in Mongolia and the Asian region to meet growing energy demand.
The document discusses the long-term outlook for steelmaking coal demand. It states that while overall steelmaking coal demand is expected to decline slightly by 2050, demand for high-quality seaborne hard coking coal used in blast furnace steelmaking is forecast to remain strong due to expected steel demand growth in regions like India and Southeast Asia that rely on imports. It also notes that technologies like carbon capture and storage will be needed to significantly reduce steelmaking emissions and help meet climate targets, and that blast furnace steelmaking using high-quality coal will continue to play an important role during the transition to lower-carbon steel production methods.
1) The document summarizes plans by Sharyn Gol JSC to significantly expand its coal mining operations in Mongolia over the next several years.
2) It currently produces 0.5 million tonnes per year but has outlined plans to ramp up production to 1 million tonnes initially and eventually to 2.5 million tonnes through opening a new pit and expanding existing operations.
3) Sharyn Gol has a large JORC-compliant coal resource base of over 374 million tonnes that can support expanded mining for over 100 years at the planned higher production rates.
The document discusses Plateau Energy Metals' Falchani Lithium Project in Peru as a strategic clean technology asset. Demand for lithium is growing 20% annually due to increasing electric vehicle adoption and battery usage. Falchani contains a high-quality lithium resource near surface infrastructure. Plateau plans to update resources and complete a preliminary economic assessment and metallurgical studies to advance the project.
Ur-Energy's March 2020 Corporate PresentationUr-Energy
The document discusses Ur-Energy's operations and the uranium market. It notes that Ur-Energy has consistently produced uranium at its Lost Creek facility for over 6 years. It also mentions several factors that could impact the uranium market in coming years, including the expiration of the Russian Suspension Agreement and sanctions on Iran. The document contains forward-looking statements and projections that are inherently uncertain.
Ur-Energy's June 2020 Corporate PresentationUr-Energy
- The document is a presentation by Ur-Energy discussing its uranium mining operations and the uranium market.
- It summarizes Ur-Energy's consistent production at its Lost Creek facility in Wyoming and low-cost operations, as well as its flexible sales agreements that have provided strong profit margins.
- It also discusses positive developments for the uranium industry, including recommendations from the U.S. Nuclear Fuel Working Group to establish a national uranium reserve which could support ramping up of Ur-Energy's production.
The document discusses Plateau Energy Metals' Falchani Lithium Project in Peru as a strategic clean technology asset. Demand for lithium is growing 20% annually due to increasing adoption of electric vehicles and renewable energy storage. The Falchani Project has the potential to produce a high purity lithium carbonate product. It has excellent infrastructure and is located in a mining-supportive jurisdiction in Peru. Plateau plans to update resources and complete a preliminary economic assessment and metallurgical studies to advance the Falchani Project.
Lots of great slides with maps and details of Rice's Marcellus and Utica Shale drilling programs. Rice Energy went public in January 2014 and raised $924 million. So far, as of 1Q14, they have drilled 41 shale wells that are turned in and online, earning them money. In 1Q14 those 41 wells produced a collective average of 209 million cubic feet of natural gas per day.
- Teck Resources reported record quarterly coal production, coal sales, and zinc production at Antamina in Q2 2017. Gross profit increased by approximately $900 million compared to Q2 2016.
- Construction at the Fort Hills oil sands project was over 92% complete at the end of Q2 2017, with first oil expected by the end of 2017.
- Teck set a new dividend policy, doubling its base dividend to $0.20 per share annually, and announced the sale of its two-thirds interest in the Waneta Dam for $1.2 billion.
2017 scotia howard weil energy conference finalGib Knight
- Newfield Exploration Company is focused on developing its large acreage position in the Anadarko Basin, which it believes can deliver decades of high returns through drilling.
- Newfield has a proven track record of finding and developing valuable plays and is a proven operator that has taken multiple plays from concept to development.
- Newfield's financial strength and capital discipline allows it to execute its development plan, even at current commodity prices, through continued Anadarko Basin oil growth.
The document provides an overview of a partnership between Antero Midstream Partners LP and Antero Resources Corporation. It contains forward-looking statements regarding future plans, strategies, objectives, and anticipated financial and operating results. These statements are based on certain assumptions involving risks and uncertainties that could cause actual results to differ. The partnership cautions readers that forward-looking statements are subject to risks and uncertainties that could cause actual results to be inaccurate. The ability to make future distributions is dependent on Antero Resources' development and drilling plan, which is dependent on its annual capital budget approval.
- The document provides an overview of Antero Resources Corporation, a company focused on developing natural gas and oil resources from the Marcellus and Utica Shales.
- Antero has significant reserves and acreage positions in the Marcellus and Utica Shales, with over 37 trillion cubic feet of reserves across both plays.
- The company has invested heavily in midstream infrastructure like gathering lines and processing facilities to support its production and growth.
- Antero has also secured long-term firm transportation and processing agreements to achieve premium realized prices for its natural gas and natural gas liquids.
European gold forum, screen apr 2016 (royal gold)RoyalGold
Royal Gold presented at the 2016 European Gold Forum in April. The presentation discussed Royal Gold's growing portfolio of streaming agreements, which is diversified across several quality assets and operators. Recent additions include streams on the Pueblo Viejo mine in the Dominican Republic and the Rainy River project in Canada. Record quarterly results in the December quarter were driven by initial contributions from Pueblo Viejo. Royal Gold has a strong balance sheet and liquidity position to fund its few remaining near-term commitments.
The document provides an overview of Antero Resources Corporation. It notes that the presentation contains forward-looking statements subject to risks and uncertainties. It also highlights several changes made in the presentation since February 2017, including updated slides on Antero's reserve growth, liquids-rich resource base, and increasing NGL realizations. The document introduces Antero as the largest liquids-rich natural gas producer and consolidator in Appalachia.
This document provides an overview of Entrée Gold Inc., including information on its projects in Mongolia and Nevada. It summarizes key details from a preliminary economic assessment for Entrée's Ann Mason copper-molybdenum project in Nevada, which outlined a proposed open-pit mine with an initial 24-year mine life and after-tax NPV of $1.11 billion using base case metal prices. The document also discusses Entrée's joint venture interest in the Oyu Tolgoi copper-gold mining complex in Mongolia, highlighting inferred resources attributable to Entrée of over 6 billion pounds of copper equivalent.
Entrée Gold presented information on its mining projects in Mongolia and Nevada. In Mongolia, it has a joint venture interest in the Hugo North Extension and Heruga deposits at Oyu Tolgoi. Hugo North Extension has indicated resources of 132 million tonnes grading 1.65% copper and inferred resources of 134 million tonnes grading 0.93% copper. Heruga has inferred resources of 1.8 billion tonnes grading 0.38% copper. In Nevada, Entrée's Ann Mason deposit has indicated resources of 873 million tonnes grading 0.29% copper and inferred resources of 1.1 billion tonnes grading 0.33% copper based on a preliminary economic assessment. The assessment estimated an after-tax
Teck provided an Investor and Analyst Day presentation on March 30, 2017. The presentation contained forward-looking statements and assumptions about Teck's future financial performance. It noted that Teck achieved significant debt reduction in 2016 through a bond tender offer that reduced outstanding notes to around US$5.1 billion from US$7.2 billion in 2012. The presentation highlighted Teck's strong financial position with an undrawn US$3 billion credit facility and expected significant free cash flow generation going forward.
Fortune Minerals Limited Investor Presentation from May 2013 highlights their Arctos Anthracite Project in British Columbia. The project involves developing one of the world's largest deposits of high-quality anthracite coal. A 2012 feasibility study found the project economically viable, with a pre-tax IRR of 17% and NPV of C$615.9 million at an ultra-low volatile PCI coal price of US$175/tonne. The project has over 230 million tonnes of coal resources and 124 million tonnes of reserves that could support over 25 years of initial 3 Mtpa production. Fortune has also secured POSCO, one of the world's largest steel producers, as a 20% joint venture
Fortune Minerals - Investor Presentation - January 2014Company Spotlight
- The document is an investor presentation for a Canadian mineral development company that owns two late-stage projects, a metallurgical coal project and a gold-cobalt project.
- The met coal project, called Arctos Anthracite, has completed a positive feasibility study and environmental assessment work is underway. It aims to produce high quality ultra-low volatile PCI coal.
- The company has a strategic partnership with POSCO, one of the world's largest steel companies, for the Arctos project which validates the project and will aid in its development.
Fortune Minerals - Investor Presentation April 2014Company Spotlight
This investor presentation provides an overview of Fortune Minerals Limited, a Canadian mineral development company with two advanced projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt-bismuth-copper project in the Northwest Territories and Saskatchewan. The presentation summarizes the positive feasibility study for the NICO project, which indicates attractive economics including a pre-tax NPV of $254 million and IRR of 15.6%. It also outlines the project's mineral reserves and the plans for an integrated mine, concentrator, and hydrometallurgical refinery to produce gold, cobalt, bismuth, and copper products.
Fortune Minerals Limited is a strategic metals and coal producer with projects in Canada. Its key assets include the Mount Klappan anthracite coal project in British Columbia and the NICO gold-cobalt-bismuth-copper project in the Northwest Territories and Saskatchewan. The Mount Klappan project has over 200 million tonnes of resources and reserves and a feasibility study showing robust economics. A joint venture with Korean steel producer POSCO provides funding to advance the project towards construction. Fortune also plans to become a vertically integrated producer of metals from the NICO project.
Fortune Minerals Limited is a strategic metals and coal producer that owns two development projects in Canada - the Mount Klappan anthracite coal project in British Columbia and the NICO gold-cobalt-bismuth-copper project in the Northwest Territories and Saskatchewan. The company has secured a joint venture partnership with POSCO for the Mount Klappan project and definitive feasibility studies show robust economics for both projects. Fortune aims to advance both projects towards production to become an emerging producer of metals and coal.
- The document is an investor presentation for a Canadian mining company that owns mineral projects in Canada and the US.
- It outlines the company's projects including an operating silver mine in Colorado and two late-stage projects in BC and Northwest Territories.
- It discusses the positive economics of the projects and provides details on mineral reserves, processing plans, and offtake opportunities for products.
This investor presentation summarizes Fortune Minerals' corporate information and mineral projects. It highlights the Revenue Silver Mine acquisition in Colorado which is in production ramp up, and two late stage projects - the Arctos anthracite project in BC and the NICO gold-cobalt-bismuth-copper project in the Northwest Territories and Saskatchewan. It provides details on the positive economics, permitting status and marketing opportunities for the NICO project, which has over 1 million ounces of gold and is positioned to be a major cobalt producer for the battery industry.
Fission Uranium's latest corporate presentation, featuring information on the company's award-winning team and PLS project, as well as the uranium sector and nuclear industry.
Fission Uranium owns the Patterson Lake South uranium project in Saskatchewan's Athabasca Basin region. The project contains the Triple R deposit with an indicated resource of 87.8 million pounds of uranium and an inferred resource of 52.9 million pounds. A preliminary economic assessment estimates average operating costs of $14.02 per pound over the life of the mine. Fission Uranium is advancing the project towards a feasibility study and permitting with the goal of production.
Fission Uranium's latest corporate presentation, featuring information on the company's award-winning team and PLS project, as well as the uranium sector and nuclear industry.
Fission Uranium's latest corporate presentation, featuring information on the company's award-winning team and PLS project, as well as the uranium sector and nuclear industry.
Fission Uranium's latest corporate presentation, featuring information on the company's award-winning team and PLS project, as well as the uranium sector and nuclear industry.
This document provides information about Highbank Resources' Swamp Point North Aggregate Project located near Prince Rupert, British Columbia. It summarizes the project's location, resources, permits, infrastructure, production plans, financing, management team, and market opportunities given the numerous proposed LNG and pipeline projects in the region expected to drive demand for construction aggregates. The project aims to become a primary supplier of aggregates to the Prince Rupert-Kitimat region. Site preparation is complete and initial production is estimated to begin in March 2015 at a rate of up to 235,000 tonnes per year.
Fortune Minerals Limited is a producer of strategic metals and coal. It owns several mineral projects in Canada including the Mount Klappan anthracite coal deposit in BC. The deposit is one of the largest undeveloped metallurgical coal deposits in the world. A definitive feasibility study showed robust economics for an initial 3Mtpa operation. Fortune is pursuing an accelerated development strategy with POSCO, a strategic 20% partner, to fully fund the project to construction. The railway infrastructure provides potential for scalable expansion to take advantage of the large resource base and meet growing global metallurgical coal demand.
Fission Uranium's latest corporate presentation, featuring information on the company's award-winning team and PLS project, as well as the uranium sector and nuclear industry.
Strategic Resources is presenting on their corporate projects in March 2024. The presentation outlines their phased approach to developing the BlackRock iron ore project in Quebec, beginning with a merchant iron pellet plant using third party feed (Phase 1), followed by direct reduction and hot briquetted iron production (Phase 2), and ultimately the construction of the BlackRock mine and metallurgical facility (Phase 3). Strategic also discusses their leased site at the deep water Port of Saguenay that will be critical infrastructure for shipping iron ore pellets and products internationally. The presentation provides an overview of the economics for the Phase 1 merchant pellet plant and Strategic's capital structure.
This corporate presentation provides an overview of Strategic Resources' plans to develop a high-purity pig iron production facility in Quebec, Canada. It outlines a three-phase approach, beginning with the construction of an iron pelletizing plant using third-party feed, then expanding to produce direct reduced iron and hot briquetted iron, and ultimately developing the BlackRock mine and production facilities to produce high-purity pig iron and other products. The presentation notes that Strategic's products will be high-value steelmaking inputs and that the BlackRock project is well-positioned near infrastructure to access markets. It argues the company is well-positioned to help enable the transition to lower-carbon electric arc furnace steel
The document discusses the resilience of steelmaking coal and the global steel industry. It notes that global steel production emits 7-10% of total greenhouse gas emissions. It forecasts that steel demand will remain strong through 2050, driven by decarbonization and economic development. While overall steelmaking coal demand is expected to decline, demand for high-quality seaborne hard coking coal used in blast furnace steelmaking in regions like India and Southeast Asia is forecast to remain robust. The document also cautions that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations.
The document discusses the long-term outlook for steelmaking coal demand. It states that global steel production emits 7-10% of greenhouse gases and meeting climate targets will require various abatement technologies. Demand for high-quality seaborne hard coking coal used in blast furnace steelmaking is forecast to remain strong to support demand in India and Southeast Asia. By 2050, steel demand is forecast to remain robust under different growth scenarios from the IEA. Supply of seaborne steelmaking coal is expected to have a gap compared to demand between 2025-2030 without new projects. Overall, long-term demand for seaborne hard coking coal is expected to remain resilient due to steel demand growth in key importing
1. Black Iron is an emerging iron ore company that acquired two projects, Shymanivske and Zelenivske, located in Ukraine's major iron ore district near existing infrastructure.
2. The Shymanivske project has a NI 43-101 compliant resource of 345Mt measured and indicated resource at 31.83% iron and additional 469Mt inferred resource.
3. Black Iron plans to produce 10Mtpa of 65% iron pellets by mid-2015, capitalizing on Ukraine's status as a mining friendly country and the global growth in iron ore demand.
Similar to Fortune minerals Investor Presentation October 2013 (20)
Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 YearsCompany Spotlight
The document summarizes Cypress Development Corp's Clayton Valley lithium project in Nevada. Key points include:
- A Preliminary Economic Assessment shows promising economics including a 32.7% IRR and $1.45 billion NPV.
- Measured and indicated resources total 8.9 million tonnes LCE with additional inferred resources.
- The project has the potential for low-cost production due to favorable geology and metallurgy.
- Upcoming catalysts in 2019 include a metallurgical study and prefeasibility study to further de-risk the project.
Aben Resources has made a new high-grade gold discovery at its flagship Forrest Kerr project in BC's Golden Triangle region. The region is known for major gold deposits and saw $100 million in exploration spending in 2017. Recent improvements have made the Forrest Kerr project more accessible via new roads. Aben's technical team has reinterpreted historical data and identified additional exploration targets. The project covers over 23,000 hectares of prospective geology along the Forrest Kerr fault zone that is similar to other major deposits in the Golden Triangle.
Aben Resources has discovered high-grade gold zones at its Forrest Kerr project in British Columbia's Golden Triangle. The first hole of the 2018 drill program intersected four separate high-grade gold zones within 190 metres, including 331.0 g/t Au over 1.0 metre. Aben plans to expand drilling at the Boundary North Zone and test other gold anomalies identified through soil sampling. The company also holds the Justin project in Yukon and Chico project in Saskatchewan near recent discoveries.
Cypress Development Corp. owns lithium claims in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. A preliminary economic assessment found the project could have a 32.7% IRR and $1.45 billion NPV. The project would extract lithium from claystone using leaching and have average annual production of 24,042 tonnes of lithium carbonate over 40 years. Capital costs are estimated at $482 million to build a 15,000 tonne per day operation.
The document discusses Aben Resources Ltd., a gold exploration company with projects in British Columbia's Golden Triangle region and other areas of Western Canada. It provides an overview of Aben's management team and directors, flagship Forrest Kerr project, recent drilling results showing new high-grade gold discoveries, and its strategy to advance exploration through 2018. The document also briefly outlines Aben's other projects including the Chico gold project in Saskatchewan and Justin gold project in Yukon.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters thick. A maiden resource estimate calculated 3.287 million tonnes of lithium carbonate equivalent in the indicated category and 2.916 million tonnes LCE in inferred. Metallurgical tests show the claystone is acid leachable and able to recover over 80% of the lithium. Cypress plans additional drilling, engineering studies, and permitting to advance the project towards production.
- Aben Resources has three highly prospective gold projects in Western Canada including its flagship Forrest Kerr Project in BC's Golden Triangle region, which had recent drilling success expanding the Boundary North Zone.
- Management has over 100 years of combined experience in Western Canada and a proven track record of success.
- The projects have significant historic work identifying high-grade gold and robust discovery potential remains.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters. A maiden resource estimate classified over 1.3 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is leachable with over 80% lithium recovery. Cypress aims to advance the project with engineering studies and further drilling to define resources with the goal of becoming a domestic lithium producer for the growing battery market.
The document provides forward-looking statements and discusses risks associated with such statements. It notes that some statements may be deemed forward-looking and lists factors that could cause actual results to differ from forward-looking statements. The document also identifies the qualified person for the technical information as Cornell McDowell and provides Aben's trading symbols and recent share information.
The document provides an overview of Aben Resources Ltd., a mineral exploration company with gold projects in Western Canada. It summarizes Aben's three key projects - Forrest Kerr in BC's Golden Triangle region with recent drill results discovering the Boundary Zone, Chico in Saskatchewan near producing mines, and Justin in Yukon's White Gold district. It outlines the management team's expertise and provides company details like shares outstanding and trading symbols.
- Cypress Development Corp owns the Clayton Valley lithium project in Nevada located near Albemarle's Silver Peak lithium brine operation.
- Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes drilled.
- Metallurgical tests show the claystone is acid leachable with over 80% lithium extraction possible.
- Cypress aims to define a resource estimate in 2018 and advance the project with feasibility studies to develop a lithium operation.
The document discusses forward-looking statements and provides disclaimers about them. It introduces the qualified person for the technical information presented. It also lists Aben's trading symbols and recent share information including price and market capitalization.
1) Cypress Development Corp owns the Clayton Valley lithium project located next to Albemarle's Silver Peak mine in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging over 900 ppm Li to a depth of over 100 meters.
2) A maiden resource estimate classified over 1.5 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is acid leachable to extract over 80% of the lithium.
3) The project is located in a strategic location to supply the growing lithium-ion battery market in the US, with lithium demand accelerating due to the increased production of electric vehicles globally.
TerraX Minerals is a Canadian mineral exploration company focused on exploring and developing its 100% owned 772 square km Yellowknife City Gold project located adjacent to the city of Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts and has had multiple high-grade gold discoveries. TerraX has a strong management team with experience discovering and developing gold deposits and low exploration costs due to the project's excellent infrastructure and year-round access near Yellowknife.
This document discusses forward-looking statements and provides information about Aben Resources Ltd., including its stock symbols, shares outstanding, recent share price, market capitalization, and three gold exploration projects in Western Canada. It summarizes the management team's experience and the company's investment highlights. Specifically, it owns the Forrest Kerr gold project in British Columbia's Golden Triangle region, which saw successful drilling results in 2017 that led to a new discovery called the North Boundary zone.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, process engineering, and a preliminary economic assessment in 2018 to advance the project. The company sees potential for the project given growing lithium demand from electric vehicles and batteries.
TerraX Minerals is a Canadian mineral exploration company focused on exploring its 100% owned 772 square km Yellowknife City Gold project located near Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts with known deposits and past producers. TerraX has made multiple high-grade gold discoveries on the property and identified several high-priority targets for further exploration and drilling. The company has a strong management team with experience discovering and developing deposits in the region.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada that have the potential to be a significant lithium resource. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical testing shows the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to further define the resource potential.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to evaluate the project's potential.
Cypress Development Corp is exploring for lithium resources in Clayton Valley, Nevada. Recent drilling has encountered lithium-bearing claystone up to 112 meters below surface, with grades averaging over 800 ppm lithium. Metallurgical testing indicates 80% of the lithium can be extracted using a weak sulfuric acid solution. Cypress plans additional drilling in 2018 and expects to publish a initial lithium resource estimate in Q1 2018 to advance the project towards a preliminary economic assessment. The project is located near existing lithium production and infrastructure to be a potential new supply of lithium for the growing battery market.
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The report *State of D2C in India: A Logistics Update* talks about the evolving dynamics of the d2C landscape with a particular focus on how brands navigate the complexities of logistics. Third Party Logistics enablers emerge indispensable partners in facilitating the growth journey of D2C brands, offering cost-effective solutions tailored to their specific needs. As D2C brands continue to expand, they encounter heightened operational complexities with logistics standing out as a significant challenge. Logistics not only represents a substantial cost component for the brands but also directly influences the customer experience. Establishing efficient logistics operations while keeping costs low is therefore a crucial objective for brands. The report highlights how 3PLs are meeting the rising demands of D2C brands, supporting their expansion both online and offline, and paving the way for sustainable, scalable growth in this fast-paced market.
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
The Role of White Label Bookkeeping Services in Supporting the Growth and Sca...YourLegal Accounting
Effective financial management is important for expansion and scalability in the ever-changing US business environment. White Label Bookkeeping services is an innovative solution that is becoming more and more popular among businesses. These services provide a special method for managing financial duties effectively, freeing up companies to concentrate on their main operations and growth plans. We’ll look at how White Label Bookkeeping can help US firms expand and develop in this blog.
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
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NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
2. This document contains certain forward-looking information. This forward-looking information includes, or may be based upon,
estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of
the Company’s mineral resources, progress in development of mineral properties, timing and cost for placing the Company’s
mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s
mineral resources, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking
information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety
of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the
forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral
properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties
involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost
overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future,
uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have
demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic
considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral
resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking
information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not
be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company
assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.
2
3. Corporate Information
OTC QX (USA):
$0.70
FT
FTMDF
4,500
Daily Volume
Closing Price
$0.60
Share Price
$0.34
Shares Out – Basic
150.5
Shares Out – Fully Diluted
157.5
Market Cap – Basic
$51.2
Working Capital (Q2 2013)
Excludes $11.7 from Q3 private placement
$9.7
3,500
$0.50
3,000
$0.40
2,500
$0.30
2,000
1,500
$0.20
1,000
$0.10
Total Assets (Q2 2013)
$148.4
All amounts in M or CAD$M except per share amounts.
500
$0.00
Oct-12
Dec-12
Analyst Coverage
Dealer
4,000
Share Volume (M)
TSX (Canada):
Share Price (C$)
Listings:
Share Performance
Feb-13 Apr-13
Jun-13
Aug-13
Ownership
Date
Rating
Target
Killian Charles
Industrial Alliance Securities
June 28, 2013
Spec Buy
$3.30
David Davidson
Paradigm Capital
July 24, 2013
Spec Buy
$1.00
Michael Fowler
Loewen Ondaatje McCutcheon
July 22, 2013
Spec Buy
$2.65
As of October 16, 2013
China Mining Resources Group Ltd.
10%
Procon Resources Inc.
19%
Insiders
37%
3
4. Fortune Minerals Limited
Canadian mineral development company
Headquartered in London, Ontario, Canada
Canada Focus - operating in mining friendly jurisdictions
Two late-stage projects
Arctos Anthracite Project, BC
Positive Feasibility Study
In BC Environmental Assessment process
NICO Gold-Cobalt-Bismuth-Copper Project, Northwest
Territories & Saskatchewan:
Positive Feasibility & FEED Studies
Completing Permitting Process
4
5. One of the world’s premier metallurgical coal developments – key future supplier to the global steel industry
Joint venture between Fortune Minerals Limited & POSCO Canada Ltd.
Advanced development project with over $100 million of work completed
Updated Feasibility Study with robust economics completed October 2012
Railway development strategy to Port of Prince Rupert – allows for scalable expansion
Plan to extend grid power to site
In BC Environmental Assessment process
Long-term shortages of metallurgical coals with growing world consumption
5
6.
Validation of Arctos with strategic partnership with POSCO – one of the world’s largest steel companies
Among top 200 global companies - US$ 58 billon revenue - US$ 25 billion market capitalization
Lead innovator in global steel industry
Raw materials investment for vertical integration
POSCO Canada acquired 20% joint venture interest based on template of similar investments in resource projects
$30 million paid to Fortune, $20 million contributed directly to the JV to advance permitting
20% of total development & capital costs – $158 million under current estimates
20% of operating costs for 20% of production in-kind for their own use
Management Committee comprised of Fortune & POSCO representatives overseeing development
Fortune is Project Operator - compensated for providing support over life of mine
POSCO Gwanyang steel plant
7. Arctos is the largest & most advanced Canadian project of high rank anthracite coal
Highest quality metallurgical coal with very high carbon & energy content
Represents only 1% of world coal reserves
Metallurgical coal with diverse applications
Metallurgical Reductants / charge carbon
Ultra-Low Vol. PCI
Sinter
Other products:
Filter media
Blend coal with coking coal for making metallurgical coke
Direct coke replacement
Urea fertilizers, synthetic fuels & plastics
Heating & cooking briquettes
Pelletizing
Premium thermal coal
Cement
7
8.
Steelmakers expanding Pulverized Coal Injection (PCI) use
to reduce costs, improve margins
Seaborne PCI market expected to grow at 8%
CAGR to 2018
Low-vol PCI typically priced at 70% to 80% of high
quality hard coking coal
PCI reduces the amount of coke in blast furnace
(made from coking coal)
Arctos PCI will achieve a higher price due to higher
carbon & ultra-low volatile content
Arctos coal will also have diverse usage in other
metallurgical processes
Sinter feed
Can replace 15% - 30% of blast furnace coke with
anthracite
New steel technologies (Cokonyx / HiSmelt)
Growth of electric arc steel manufacturing
Ferroalloys & other metal processing
Source: Macarthur Coal, Peabody
8
9. Supply constraints due to declining exports & lack of new supply
China: 547 million tonnes – net importer since 2004
Vietnam: 44.5 million tonnes – reducing exports to 5% of production by 2015 to utilize production
domestically
Few new high-quality deposits in mining friendly jurisdictions
Supply of Anthracite - 2011
600
500
Production
Production
Export
Export
Mt
400
300
200
100
0
China
China
Export /
Production
Vietnam
Vietnam
North Korea*
North Korea*
Ukraine
Ukraine
Russia
Russia
Other
0.8%
43.1%
13.2%
27.1%
48.5%
8.5%
Source: Company research, corporate presentations, Wood Mackenzie & U.S. Energy Information Administration
*Production statistics from 2010 data. “Other” includes Spain, South Africa, South Korea, Germany, USA, and United Kingdom.
9
10. China became a net coal importer of anthracite in 2004, coking coal in 2007, all coals in 2009
Coal & Anthracite Net Imports by China
450
$350
Coal Net Imports (Mt)
$300
Anthracite Net Imports (Mt)
$291
$300
Hard Coking Coal Price (US$/t)
$250
$215
$209
$200
Net Imports (Mt)
250
$129
$125
$150
$115
$98
$100
150
$47
$45
$58
$50
50
$0
Hard Coking Coal Price (US$/t)
350
-$50
-50
-$100
-$150
-150
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Source: China Coal Resource Website, Bloomberg
10
11. Insufficient supply of metallurgical coals
to meet forecast global demand
Increasing demand for anthracite due
to new steel technologies & lower
emissions
Emerging economies are driving
forces for future metallurgical coal
demand
Steel production in China, India, Brazil
& other emerging economies
growing rapidly
China’s GDP growth perspective
10-14% growth was equivalent
to ~$300B of GDP per year
Current forecasted growth of 78% is equivalent to ~$550B of
GDP per year
Marginal cost of production US$160180/t
1,600
1,440
1,400
1,185
1,200
1,000
Mt
Global Met Coal Demand
920
800
600
400
200
2010
2015
2020
Source: Peabody Global Energy Analytics, Deloitte
11
12.
16,411 Ha license area in northwest BC
Plan to use deep water port – Ridley Terminals in Prince
Rupert
Mine site straddles railway right-of-way providing access
to Ridley Terminals
Track (CN) installed to 150 km south of mine
Railway road bed largely complete to mine
Road access from railway subgrade
Railway extension in Environmental Assessment
process
Plan to access grid power to further reduce operating
costs
Project in Tahltan & Gitxsan Territories
12
13.
Railway road bed largely constructed to mine site by BC Government
Project economics supports 150 km brownfield extension from Minaret
Environmental Assessment on railway extension underway as part of mine development
Working with CN to meet project requirements
MOU in negotiation with CN to operate railway
Other proponents have expressed interest in the rail line
Existing railway right-of-way & road bed
13
14. Ridley Coal Terminal a world-class coal & bulk materials handling facility
Ice-free, deep water port 30 hours closer to Asia than Port of Vancouver
Capable of handling full Capesize vessels up to 250,000 dwt that reduces ocean freight
16 Mtpa design capacity under expansion to 25 Mtpa – permitting future expansion up to 60 Mtpa
Opportunities for shared cargos & blending of coals with other metallurgical coal producers
Companies with committed capacity have contacted JV to sell their allocations
Government of Canada announced plans to sell the terminal again – no anticipated impact to project
14
15.
Recent upgrade & increase in Lost Fox resources & reserves (October 15, 2012) – Small fraction of total
global resource
Lost Fox deposit remains open for possible expansion - additional coal seams identified below 350 meters &
on adjacent lands
Historical Resources include 2.2 billion tonnes in the Speculative class (1)
Historical Arctos Global Resources (million tonnes) (1)
Area
Measured
Indicated
M&I
Inferred
107.9
109.5
217.4
91.5
13.5
13.5
258.4
Lost Fox
Hobbit-Broatch
Summit
9.6
Lost Fox Extension
Total
107.9
123.0
230.9
359.5
Lost Fox Metallurgical Coal Reserves and Resources (million tonnes) (2)
Coal Resources
Run-of-Mine Coal Reserves
10% Ash Product Reserves
Measured
Indicated
Inferred
Proven
Probable
Total
Proven
Probable
172.4
20.4
12.1
115.0
9.9
124.9
64.4
4.8
Total
Product
69.2
(1) The Arctos Mineral Resource & Mineral Reserve estimates were prepared in 2002, 2005, & 2007, respectively, by Marston & Marston Inc. in compliance with NI 43-101. Richard Marston, P.E.
is the Qualified Person responsible for the estimates. Historical Resources include 2.2 billion tonnes in the Speculative class. The historical resource estimate was developed by Gulf in 1988 and
updated in 2002 by Marston-Golder to reflect changes in the estimation of Inferred Resources under Paper GSC 88-21. The Speculative portion of the resources is not compliant with current
reporting standards. A qualified person has not done the work necessary to classify the historical estimate of Speculative resources as current mineral resources under NI 43-101 and the estimate
should not be relied upon. Speculative Resources were developed based on estimated average coal thickness applied to the projected aerial extent of the coal. Further information regarding the
Arctos Coal Resource & Reserve estimates is available from the Company’s disclosures under the Company’s profile on the SEDAR website at www.sedar.com
(2) The 2012 DFS utilized updated Resource & Reserve estimates for the Lost Fox Deposit, which Edward Minnes, P.E. is the Qualified Person.
15
16.
Feasibility Study completed October 2012
Based on railway transport of coal to Ridley Coal Terminal in Prince Rupert
Initial 3 Mtpa production from Lost Fox deposit open pit mine, wash plant & site infrastructure
69.2 Mt of product coal reserves – 25+ years production (small fraction of total resource)
Premium ultra-low volatile PCI product
Ability to produce multiple value added products
Life of mine average Free On Board (FOB) vessel cash cost C$127.61/tonne (US$121.22/tonne)
C1 operating cash cost C$119.85/tonne (US$113.86) FOB
Connection to BC electrical grid forecast to save C$7/tonne
NPV - Pre-tax at 8%
BASE CASE
Ultra-Low Volatile PCI
US$175/tonne (C$1 = US$0.95)
$3.8
$4.0
$3.5
$3.0
NPV (8%)
Capital (Years 1-3)
AFTER TAX
17.0%
14.7%
C$615.9 million
C$405.8 million
C$788.6 million
(includes railway capital)
The 2012 Feasibility Study was prepared by Golder-Marston in compliance with
NI 43-101. Mr. Edward (Ted) Minnes, P.E. is the Qualified Person responsible for the study.
$2.5
$2.5
C$B
PRE-TAX
IRR
$3.2
$1.9
$2.0
$1.2
$1.5
$1.0
$0.6
$0.5
$$175/t
$200/t
$225/t
$250/t
$275/t
$300/t
FOB Price (US$/t)
16
17. BC Government
Federal & BC Governments harmonized Environmental Assessment substitution process
BC Government focus on Premier Clark’s Jobs Plan - 8 new mines & 9 mine expansions by 2015
Establishment of Major Investment Office – Arctos identified as major project
Pacific Gateway Policy of expanding trade with Asia – includes investments in rail, power & ports
BC Government revenue sharing with Aboriginal groups
Cassiar Iskut-Stikine Land Resource Management Plan approved & implemented by BC Government &
Tahltan Joint Council in 2000 identifies Klappan area for coal mining
Tahltan Nation
Environmental Assessment Process Funding, Traditional Knowledge & PEM Data Sharing agreements
Community engagement in progress
Tahltan Community Liaison hired
Tahltan workers hired for 2013 field work
Gitxsan Nation
MOU & Access Agreements signed with Gitxsan Chiefs
Quarterly update meetings with Gitxsan Chiefs
Annual presentations at Gitxsan Summit
Gitxsan Community Liaisons hired
Traditional Use & Knowledge Study completed
Gitxsan workers hired for 2013 field work
17
18.
Arctos accepted into new Environmental Assessment substitution process & will be reviewed by BC EAO
Arctos project identified on BC Government Major Investment Office List
Arctos on Natural Resources Canada (NRCan) Deputy Ministers’ watch list for major projects
NRCan’s Major Projects Management Office assigned staff to help progress Arctos
Project Description Report completed & accepted by Environmental Assessment agencies
Baseline Field Work
Additional field work for mine area, rail bed & road access corridor in progress
Supplements historical environmental data
BC EAO Application
Section 10 & 11 orders issued
Draft Application Information Requirements to be submitted to the BC EAO in October 2013
Targeting Application Information Requirements approval in Q2 2014
Preparation of application for Environmental Assessment Certificate (EAC) in Q1 2015
Work plans & documents shared with Aboriginal groups
Second Working Group meeting to be held in November 2013
18
19. One of world’s largest undeveloped deposits – railway transportation solution provides scalable
expansion potential
Rail transportation allows for higher annual production than 3 Mtpa & will lower costs for inbound freight
Feasibility Study reserves only represents small fraction of total resource
Updated reserves for Lost Fox deposit can support higher production rates (4 Mtpa ramp-up sensitivity)
Production can be expanded from adjacent Hobbit – Broatch deposit
Current resource only identified to 350 metres – Additional coal seams identified at depth (potential for
underground mining)
Budget in place for additional drilling
Ability to produce multiple value added products
Work planned to materially improve wash plant yield
3rd Party contribution to railway capital costs increases NPV
Planned connection to electrical grid forecast to reduce cash cost by C$7/tonne.
Lease-to-purchase of mobile equipment fleet & contract mining would lower upfront capital & increase IRR
19
20.
Next steps include:
Complete permitting activities
Continue Tahltan, Gitxsan & stakeholder engagement
Advance rail engineering and permitting, and establish agreements with qualified rail operator
Secure port capacity
Secure low cost power for the site with extension of electrical grid
Conduct additional drilling for expansion of reserves & obtain samples for product testing & mix
Second stage strategic partner(s) & project financing
Deloitte engaged to advise on project financing & development options, targeting project level joint venture,
potentially including:
• Equity investment
• Off-take relationship
• Commitment to arrange debt financing for construction
20
22.
Positive Front End Engineering & Design Study (FEED) in 2012
based on a vertically integrated mine & mill in the Northwest
Territories & refinery in Saskatchewan
FEED - ~20% of detailed engineering complete for
procurement
Attractive economics – FS generates NPV of $309 million* –
highly leveraged to increased cobalt & gold prices with low
downside risk
Negative cash cost – cobalt cash cost (net of credits) of
negative US$0.81/lb at Base Case prices & negative
US$1.07/lb at recent prices
High-grade deposit of combined gold, cobalt, and bismuth coproducts plus by-product copper
Positioned to be one of the largest & lowest cost suppliers of
cobalt sulphate to the rapidly expanding battery sector
Very advanced project with $110 million already invested –
including pilot plants, test mining & extensive permitting work –
resulting in planned production in 2016
Strong management & board with experience in mine permitting,
development & operations
Test mining 2006/2007
*Base case: pre-tax, 7% discount rate
22
23. Historical & Forecast Gold Price
$1,800
$1,669
$1,574
$1,504
$1,600
Gold price increased consistently in the past
decade
While mine supply remains relatively flat, future
demand continues to grow:
$1,400
$1,211
$1,200
$1,000
Growing investment demand based on
currency protection & safe haven status
$873 $873
$800
$697
$604
$600
$400
Growing physical demand from Asia &
central banks
$310
$363
Provides a flexible financing opportunity
$410 $445
NICO contains 1.1 million ounces of gold
$200
– provides significant counter-cyclical hedge
$-
Source: Bloomberg; Energy & Metals Consensus Forecasts December 2012
23
24.
Wide chemical & metallurgical market
applications in batteries, high strength alloys,
cutting tools, catalysts, etc.
Wide Application of Industrial Usage
Cobalt sulphate used in lithium ion & nickel
metal hydride batteries for electronic devices &
hybrid/electric vehicles
High purity cobalt used in aerospace
applications
Cobalt demand expected to grow at ~7% per
year next five years
Over past decade, increase in demand resulted
mostly from increase in chemical applications,
particularly rechargeable batteries & catalysts
5%
Batteries (27%)
4%
Superalloy (19%)
6%
27%
Hard Materials (13%)
7%
Colours (10%)
Catalysts (9%)
9%
Magnets (7%)
Hardfacing & Other Alloys (6%)
10%
19%
Tyre Adhesives, Soaps, Driers (5%)
Chemical applications accounted for ~55% of
worldwide cobalt demand in 2011 & expected
to dominate future cobalt consumption
13%
Feedstuffs (4%)
24
25.
Cobalt critical for manufacturing batteries used in electric vehicles*, computers, cell phones & other electronic
devices
Nickel metal hydride car batteries contain approximately 4 kg of cobalt
Lithium-ion car batteries contain 2 to 6 kg of cobalt
Cobalt usage in batteries is expected to grow from 25% of demand in 2011 to 45% in 2018 & projections as high as
100,000 tonnes in battery applications alone by 2020
Global Electric Vehicle Battery Sales
6
Millions of Units
5
Approx. 20% compound annual
growth forecast from 2011 to 2020
4
3
2
1
0
2008
2010f
2012f
2014f
2016f
* Electric vehicles include hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV) & pure electric vehicles (EV)
Source: Roskill
2018f
2020f
25
26.
World market of refined cobalt production ~82,000t, excluding some secondary processing & scrap
Vast majority of cobalt sourced from regions that are politically unstable or prone to export restrictions
Congo (DRC) currently accounts for 51% of global supply
China has the largest refining capacity (~40%) but limited mine supply
Chemical production is in deficit whereas metals in surplus
LME initiated futures market trading for cobalt in 2010, resulting in greater liquidity
NICO will be a reliable North American producer
Proportion of World Cobalt Production (%)
60%
51%
50%
40%
30%
20%
12%
7%
10%
0%
Congo
Zambia
China
7%
5%
5%
Russia Other Countries Australia
4%
Cuba
3%
2%
Canada New Caledonia
2%
2%
Brazil
Morocco
Source: USGS Industry Survey
26
27.
Traditionally used in fusible alloys, cosmetics, chemicals etc.
New markets focus on super conductors, CDs & auto anti-corrosion materials
Environmentally safe replacement for lead in plumbing & electronic solders, brass, ceramic glazes, free cutting
steel, hot dip galvanizing & paint pigments
Global framework to eliminate lead expected to drive increased bismuth consumption
European legislation to eliminate lead in electronics
Growing Number of Applications
Source: USGS Industry Survey
27
28.
World market between 15,000 & 20,000 t per year
China is the principal source of bismuth (240 Kt reserve), accounting for 80% of world reserves & 73% of world
production in 2010
China has closed 20% of its production due to environmental concerns & exports reduced due to restrictions
NICO contains over 48 Kt of bismuth, equivalent to 15% of world reserves & the world’s largest deposit
World Bismuth Reserves
300,000
250,000
240,000
Tonnes
200,000
NICO is the world’s
largest deposit of
bismuth
150,000
100,000
39,000
50,000
11,000
-
China
10,000
10,000
5,000
5,000
Peru
Bolivia
Mexico
Canada *
Kazakhstan
48,661
*Excluding NICO
Source: USGS Industry Survey 2010
Other Countries
NICO
28
29. NICO Project
Large scale gold-cobalt-bismuth deposit
160 km from City of Yellowknife
450 km from railway at Hay River
High concentration ratio using simple
flotation – 4,650 t of ore / day reduced
to 180 t of concentrate
Allows shipping to Saskatchewan or
third-party lower cost processor
Saskatchewan Metals Processing
Plant (SMPP)
Hydrometallurgical plant to process bulk
concentrate from NICO
Plant will produce gold doré, cobalt sulphate
&/or cobalt cathode, bismuth ingot & copper
metal precipitate
Low cost power (5.7 cents kWh), skilled labour
pool & 5 year tax holiday
29
30.
5,140 Ha lease in southern NWT
Winter access roads
All-weather road planned by governments
to highway (135 km)
$1.5 million in place for baseline
environmental survey
Engineering & environmental work
underway
450 km from railway at Hay River for
transport of concentrates to SMPP
160 km from City of Yellowknife
50 km from Town of Whati
22 km from Snare Hydro – potential lower
cost power supply
Settled land claims with Tlicho Government
30
31. Underground Mineral Reserves
Tonnes
Au (g/t)
Co (%)
Bi (%)
Cu (%)
Proven
282,000
4.93
0.14
0.27
0.03
Probable
94,000
5.6
0.11
0.19
0.01
Total
376,000
5.09
0.13
0.25
0.02
Co (%)
Bi (%)
Cu (%)
Open Pit Mineral Reserves
Tonnes
Au (g/t)
Proven
20,513,000
0.94
0.11
0.15
0.04
Probable
12,099,000
1.05
0.11
0.13
0.04
Total
32,612,000
0.98
0.11
0.14
0.04
Co (%)
Bi (%)
Cu (%)
Combined Mineral Reserves
Tonnes
Au (g/t)
Proven
20,795,000
0.99
0.11
0.15
0.04
Probable
12,193,000
1.09
0.11
0.13
0.04
Total
32,988,000
1.02
0.11
0.14
0.04
Contained Metal
1,085,000
ounces
82,268,000
pounds
102,053,000
pounds
27,179,000
pounds
Note: Sums of the combined mineral reserves may not exactly equal sums of the underground and open pit reserves due to rounding.
Reserve estimate by P&E Mining Consultants Inc., Eugene Puritch, P.Eng. & Fred Brown, CPG PrSciNat, Qualified Persons as defined by NI-43-101
31
32. Risk mitigation
Test mining completed to confirm deposit geometry
& grades
~$20 million pre-production development
completed by Procon for with 2 km of decline ramp,
2 mine levels & ventilation raise to surface
Large samples collected for pilot plant testing
Piloting completed to confirm process flowsheets,
recoveries & product quality
Front-End Engineering & Design (“FEED”) completed
with ~20% of detailed engineering for mine
concentrator & SMPP
Execution plan in place for project delivery
3rd party due-diligence completed on all aspects of
project
32
33. Continuous flotation tests to produce separate cobalt & bismuth concentrates
Recovery improvements for all metals
Proved process flow sheet, production of high value products
Cobalt pressure oxidation, precipitation & electrowinning to demonstrate production of 99.8% cobalt
cathode or solvent extraction & crystallization to 20.9% cobalt sulphate
Bismuth ferric chloride leaching, production of 99.5% bismuth cathode as powder - Flux & smelt to
>99.9% bismuth ingot
Cyanidation for recovery of gold
Ability to produce thickened tailings from bulk tailings
Cobalt Sulphate
(heptahydrate)
Co 20.9%
Cobalt Cathode Metal
Co >99.95%
Gold Doré
Bismuth Ingot
Bi >99.99%
33
34. Positive FEED Study demonstrating very low
costs & strong economics
Vertically integrated project consisting of open pit
& underground mine, mill & hydrometallurgical
refinery
Low capital costs of $441 million
Negative cash cost net of credits
Significant detailed engineering, reducing project
risk
Golden Giant Mine (Hemlo) equipment
purchased & dismantled for relocation
Metal recoveries verified from pilot plants;
Gold recovery ranges from 56 to 85%, with
an average of 73.7%
Cobalt recovery of 84%
Bismuth recovery of 72%
Copper recovery of 41%
Optimizations being examined to improve project
economics
FEED Study Highlights – Base Case, Cobalt Sulphate
Mine type
Open pit with underground in 2nd year
Mining method
Open pit: conventional truck & loader
Underground: blasthole open stoping
Strip Ratio
Waste to ore 3.0 : 1
Processing rate
4,650 tonnes of ore/day
Mine life
19.8 years (potential for additional 3.2)
Processing
Processed to high value metal products
Pre-tax NPV (7%)
$308.5 million
Pre-tax IRR
14.0%
Capital costs
$440.5 million
LOM average revenue/yr
$194 million
LOM average operating cost/yr
$97 million
Cobalt operating cost (net of
credits)
Negative US$0.81/lb at Base Case
Negative US$1.07/lb at Current Price
Case
34
35. NICO will be a reliable Canadian-based producer of strategic metals:
Gold doré, 99.8% cobalt cathode &/or 20.9% cobalt sulphate, 99.99% bismuth ingot, & a copper metal precipitate
Average Annual Revenue by Metal – Base Case (gold) & Recent Price (black)
100
90
$89
80
C$M
70
$69
$67
$61
60
50
$43
$43
40
30
20
10
$1
$2
0
Cobalt Sulphate
Annual Production
Gold
Bismuth
Copper
3,473,600 lbs
40,000 oz
3,681,800 lbs
559,400 lbs
Base Case Price assumptions are US$1,450/troy ounce (“oz”) for gold, US$20/pound (“lb”) for cobalt, US$11/lb for bismuth and US$3.50/lb for copper at an exchange rate of US$ 0.95 = C$
1. Recent Price assumptions are US$1,650 /oz for gold, US$15/lb for cobalt, US$11/lb for bismuth and US$3.50/lb for copper at an exchange rate of US$ 0.95 = C$ 1.
35
36. NICO has negative operating costs for all metals net of by-product credits
Demonstrates that after capital has been repaid, operations can be sustained during periods of low metal prices &
volatility
Gold
Cobalt
Base Case
Base Case
Current Price
Cash Cost Net of By-Products ($US/oz)
Cash Cost Net of By-Products ($US/lb)
Current Price
Base Case
$0
$0.00
-$0.20
-$0.40
-$0.60
-$0.80
-$0.81
-$1.00
-$148.42
-$200
-$300
-$400
-$500
-$600
-$2
-$4
-$6
-$8
-$7.99
-$10
-$12
-$700
-$800
Current Price
$0
-$100
-$1.07
-$1.20
Bismuth
Cash Cost Net of By-Products ($US/lb)
-$738.75
-$14
-$12.78
Note: Based on cobalt sulphate option. Base Case Price assumptions are US$1,450/troy ounce (“oz”) for gold, US$20/pound (“lb”) for cobalt, US$11/lb for bismuth and US$3.50/lb for
copper at an exchange rate of US$ 0.95 = C$ 1. . The Current Price Case uses prices as at May 31, 2012 and are US$1,558.00/oz for gold, US$15.23/lb for cobalt, US$10.55/lb for bismuth and
US$3.40/lb for copper and an exchange rate of US$ 0.97 = C$ 1. Mr. Alexander Duggan, P.Eng. and Mr. Graham Peter Holmes, P.Eng. of Jacobs are the Qualified Persons for Jacobs and Mr.
Eugene Puritch, P.Eng. is the Qualified Person responsible for the work by P&E under NI 43-101.
36
37. Significant opportunity existing to further strengthen project economics
Custom processing of concentrates to defer SMPP
Extend mine life for 3+ years with stockpiled subeconomic material
Alternative power supply to mine to lower costs
Move forward gold production via additional underground mining to access high grade material
Generate additional returns from SMPP
Custom processing of concentrates sourced from other mines globally
Expansion potential already designed
Significant commodity prices upside
Cobalt supply disruptions in DRC & less than
expected production from laterites
Gold forward sales & political uncertainty
Bismuth supply decreases in China due to
export quotas & increased environmental
restrictions
37
38. Progressing through final stages of permitting process
Environmental Assessments well advanced for mine & SMPP permitting
Mine & mill approved by Federal Minister & Tlicho Government
For SMPP, addendum to Environmental Impact Statement submitted for review & public comment,
after which government approval will be pending
Advanced relationships with Aboriginal groups
Signed Co-operative Relationship Agreement with
Tlicho Government
Initiated Tlicho Participation Agreement (PA)
Negotiations
Project Financing & Development Options
Deloitte engaged to advise on project financing &
development options, targeting a project level joint
venture, potentially including:
Minority equity investment
Off-take relationship
Commitment to arrange debt
financing for construction
38
39. Proposed Development Timeline – Assumes access to full financing
2013
Q1
2014
Q2
Q3
Q4
Q1
2015
Q2
Q3
Q4
Q1
2016
Q2
Q3
Q4
Q1
Q2
Q3
Q4
SMPP EA
SMPP fully
permitted
NICO Minister’s
approval
NICO fully permitted
Financing
Engineering &
procurement
Construction
Commissioning
Commercial
operations
39
40. Procon Private Placement
$11.7 million private placement to advance NICO development & working capital
14% premium to closing price
29,250,000 Fortune shares issued - Procon’s ownership 19.4%
Ed Yurkowski (CEO Procon Mining & Tunneling) joins Fortune board
About Procon
Full-service mining contractor based in Vancouver
Majority owned by Beijing based China CAMC
Engineering, a leading provider of international EPC
services, contracting, trading, & international project
investment
Procon & CAMC are subsidiaries of Sinomach – large
Chinese SOE (revenues of US$ 34.6 billion)
Conducted 2006/2007 NICO underground test mining
Next Steps
Fortune & Procon working to advance NICO project,
secure Project Financing & complete execution plan
for planned construction in 2014
40
41.
Two advanced Canadian development assets
One of the world’s premier metallurgical coal developments,
1.1 million ozs. gold, 82 million lbs. cobalt & 15% of global
bismuth reserves
$210 million combined expenditures
Positive Feasibility Studies, test mined, pilot plant processed &
in permitting
Low cost production
Combined NPV’s approaching $1 billion
Experienced board & management team
Deloitte Corporate Finance engaged to secure
strategic partners to finance both projects with
minimal equity dilution
41
42. Directors
Mahendra Naik, B Comm, CA
Chairman, Director
CFO Fundeco - Founding director & former CFO, IAMGOLD
George Doumet, MSc, MBA
Honorary Chairman, Director
Chemical Engineer – President & CEO, Federal White Cement
Robin Goad, MSc, PGeo
President & CEO, Director
Geologist - 30 yrs mining & exploration experience
David Knight, BA, LLB
Secretary, Director
James Excell, BASc
Director
Partner, Norton Rose Fulbright specializing in securities & mining law
Metallurgical Engineer – 35 yrs mining experience BHP-Billiton
William Breukelman, BASc, MBA, PEng
Director
Chemical Engineer – Chairman, Gedex
James Currie, BSc (Hons), PEng
Director
Mining Engineer – COO, Elgin Mining
The Honorable Carl L. Clouter
Director
Commercial pilot - former owner of charter airline in NWT
Shou Wu (Grant) Chen, MSc, MBA
Director
Geologist – Deputy Chairman & CEO, China Mining Resources Group
Ed Yurkowski
Director
CEO Procon Mining & Tunneling
Julian Kemp, BBA, CA, C.Dir
VP Finance & CFO
Chartered Accountant – 20+ yrs mining financial experience
Mike Romaniuk, BASc, PEng
VP Operations & COO
Geologist & Process Engineer – 25+ yrs engineering, mining & construction
experience primarily with Xstrata Nickel & Falconbridge
Bill Shepard
Logistics Manager
15 yrs experience in procurement & logistics
Richard Schryer, PhD
Director Regulatory &
Environmental Affairs
Aquatic Scientist –20+ yrs experience in mine permitting & environmental
assessments
Adam Jean, HBA, CA
Controller
Chartered Accountant previously with Ernst & Young
Mike Middaugh
Project Controls Manager
20 yrs major construction & project management
Keith Lee, BSc
Senior Process Engineer
25 yrs operations, engineering & mineral processing experience
Carl Kottmeier, MBA, PEng
Project Manager
Mining Engineer – 24 yrs engineering & operations experience
Seok Joon Kim, MASc, PEng
Senior Mining Engineer
Mining Engineer – 10+ years operations & engineering experience
Management
42
43. Cobalt Metal Option
Metal Price &
Exchange Rate Case
Base Case Prices
IRR
%
Pre-Tax
$M
$M
NPV
NPV (5%)
(7%)
IRR
%
Cobalt Sulphate Option
After Tax
$M
NPV
(7%)
$M
NPV
(5%)
IRR
%
Pre-Tax
$M
NPV
(7%)
$M
NPV
(5%)
IRR
%
After Tax
$M
NPV
(7%)
$M
NPV
(5%)
10.8
164.5
293.2
9.6
101.0
207.1
14.0
308.5
466.0
12.4
212.6
338.7
3-yr Trailing
Average Prices
7.4
17.1
114.6
6.6
(15.3)
69.0
10.5
146.8
270.0
9.3
86.7
188.4
Current Prices
7.1
2.1
99.7
6.2
(30.6)
53.4
9.6
109.5
228.2
8.5
57.6
156.8
Escalated Prices
13.9
315.2
477.8
12.3
214.9
344.7
17.1
467.1
660.1
15.2
332.4
483.7
Optimistic Prices
18.3
539.5
749.8
16.3
387.5
551.3
21.6
707.0
951.1
19.3
514.5
702.3
Base Case Price assumptions are US$1,450/troy ounce (“oz”) for gold, US$20/pound (“lb”) for cobalt, US$11/lb for bismuth and US$3.50/lb for copper at an
exchange rate of US$ 0.95 = C$ 1. The 3-year Trailing Average Prices Case are as at May 31, 2012 and are US$1,359.94/oz for gold, US$18.53/lb for cobalt,
US$9.83/lb for bismuth and US$3.51/lb for copper and an exchange rate of US$ 0.98 = C$ 1. The Current Price Case uses prices as at May 31, 2012 and are
US$1,558.00/oz for gold, US$15.23/lb for cobalt, US$10.55/lb for bismuth and US$3.40/lb for copper and an exchange rate of US$ 0.97 = C$ 1. The Escalated
Price Case uses metal price assumptions of US$1,800.00/oz for gold, US$22.50/lb for cobalt, US$12.50/lb for bismuth and US$4.00/lb for copper and an exchange
rate of US$ 1 = C$ 1. For the Optimistic Price Case uses US$2,000.00/oz for gold, US$25.00/lb for cobalt, US$15.00/lb for bismuth and US$4.50/lb for copper at
an exchange rate of US$ 1 = C$ 1. Mr. Alexander Duggan, P.Eng. and Mr. Graham Peter Holmes, P.Eng. of Jacobs are the Qualified Persons for Jacobs and Mr.
Eugene Puritch, P.Eng. is the Qualified Person responsible for the work by P&E under NI 43-101.
43