Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. The Arctos project involves developing one of the world's largest deposits of high-quality anthracite coal via open pit mining and infrastructure including a railway to the Port of Prince Rupert. A definitive feasibility study update in October 2012 showed robust project economics.
The document summarizes a presentation for Fortune Minerals Limited, a Canadian mineral development company with two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. It provides an overview of the Arctos project, which involves developing one of the world's largest deposits of high-quality anthracite coal via an open-pit mine with on-site processing facilities and a railway to transport coal to the deep water port of Prince Rupert. A definitive feasibility study update in October 2012 confirmed the technical and economic viability of the project.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt-bismuth-copper project in Northwest Territories and Saskatchewan. The Arctos project is one of the world's premier metallurgical coal development projects with a definitive feasibility study showing robust economics. It involves developing one of the largest deposits of high quality anthracite coal, which is in high demand for steelmaking but faces significant future shortages.
Fortune Minerals Ltd. September 2012 Investor PresentationCompany Spotlight
Fortune Minerals Limited is an emerging strategic metal and coal producer with two late-stage projects - the NICO gold-cobalt-bismuth-copper project and the Arctos anthracite project. The Arctos project is one of the largest and most advanced Canadian anthracite coal development projects, with over $90 million spent and a joint venture with POSCO, one of the world's largest steel producers. It has significant measured, indicated, and inferred coal resources as well as proven and probable reserves. Global demand for metallurgical coal is expected to significantly outpace supply growth over the next decade.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt-bismuth-copper project in Northwest Territories and Saskatchewan. The Arctos project is one of the world's premier metallurgical coal development projects, with a definitive feasibility study showing robust economics. It involves developing one of the largest and most advanced deposits of high-quality anthracite coal in Canada. There is significant future demand growth projected for metallurgical coal due to new steel technologies and emerging economies.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects - the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in BC. The Mount Klappan project is the largest and most advanced Canadian project for high quality anthracite coal, which is the highest quality metallurgical coal used in steelmaking and other industrial applications. There is projected to be significant future growth in global demand for metallurgical coals but insufficient supply, representing an opportunity for the Mount Klappan project to enter production.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects - the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Arctos anthracite coal project in BC. The Arctos project is the largest and most advanced Canadian project for high rank anthracite coal, which is the highest quality metallurgical coal with diverse applications and insufficient global supply to meet forecast demand increases. Fortune Minerals is advancing both projects towards production based on positive feasibility studies.
Fortune Minerals Limited is a Canadian mineral development company advancing two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. The Arctos project is one of the world's premier metallurgical coal development projects, with a positive definitive feasibility study showing robust economics for an initial 3 Mtpa open-pit coal mine and wash plant operation. A 20% joint venture with POSCO, one of the world's largest steel producers, accelerates the project's development towards production to supply growing global steel industry demand.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in British Columbia. Mount Klappan contains the largest and most advanced Canadian deposit of high quality anthracite coal, representing 1% of global coal reserves. There is significant future demand growth expected for metallurgical coal due to new steelmaking technologies and emerging economies, yet insufficient supply of high quality coals to meet this demand over the next decade.
The document summarizes a presentation for Fortune Minerals Limited, a Canadian mineral development company with two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. It provides an overview of the Arctos project, which involves developing one of the world's largest deposits of high-quality anthracite coal via an open-pit mine with on-site processing facilities and a railway to transport coal to the deep water port of Prince Rupert. A definitive feasibility study update in October 2012 confirmed the technical and economic viability of the project.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt-bismuth-copper project in Northwest Territories and Saskatchewan. The Arctos project is one of the world's premier metallurgical coal development projects with a definitive feasibility study showing robust economics. It involves developing one of the largest deposits of high quality anthracite coal, which is in high demand for steelmaking but faces significant future shortages.
Fortune Minerals Ltd. September 2012 Investor PresentationCompany Spotlight
Fortune Minerals Limited is an emerging strategic metal and coal producer with two late-stage projects - the NICO gold-cobalt-bismuth-copper project and the Arctos anthracite project. The Arctos project is one of the largest and most advanced Canadian anthracite coal development projects, with over $90 million spent and a joint venture with POSCO, one of the world's largest steel producers. It has significant measured, indicated, and inferred coal resources as well as proven and probable reserves. Global demand for metallurgical coal is expected to significantly outpace supply growth over the next decade.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt-bismuth-copper project in Northwest Territories and Saskatchewan. The Arctos project is one of the world's premier metallurgical coal development projects, with a definitive feasibility study showing robust economics. It involves developing one of the largest and most advanced deposits of high-quality anthracite coal in Canada. There is significant future demand growth projected for metallurgical coal due to new steel technologies and emerging economies.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects - the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in BC. The Mount Klappan project is the largest and most advanced Canadian project for high quality anthracite coal, which is the highest quality metallurgical coal used in steelmaking and other industrial applications. There is projected to be significant future growth in global demand for metallurgical coals but insufficient supply, representing an opportunity for the Mount Klappan project to enter production.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects - the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Arctos anthracite coal project in BC. The Arctos project is the largest and most advanced Canadian project for high rank anthracite coal, which is the highest quality metallurgical coal with diverse applications and insufficient global supply to meet forecast demand increases. Fortune Minerals is advancing both projects towards production based on positive feasibility studies.
Fortune Minerals Limited is a Canadian mineral development company advancing two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. The Arctos project is one of the world's premier metallurgical coal development projects, with a positive definitive feasibility study showing robust economics for an initial 3 Mtpa open-pit coal mine and wash plant operation. A 20% joint venture with POSCO, one of the world's largest steel producers, accelerates the project's development towards production to supply growing global steel industry demand.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in British Columbia. Mount Klappan contains the largest and most advanced Canadian deposit of high quality anthracite coal, representing 1% of global coal reserves. There is significant future demand growth expected for metallurgical coal due to new steelmaking technologies and emerging economies, yet insufficient supply of high quality coals to meet this demand over the next decade.
Dalradian corporate presentation march 15 2012 finalDalradianResource
This document is an investor presentation for The European Explorer that discusses the company's acquisition of mineral rights in Norway and contains forward-looking statements regarding future performance, mineral resource estimates, production estimates, costs, and timing of development. It warns that forward-looking statements are based on certain assumptions and involve known and unknown risks that could cause actual results to differ materially. It also notes that certain technical data was sourced from a previous report on mineral resource estimates for a gold deposit in Northern Ireland and Norway.
The document is an investor presentation by The European Explorer regarding a proposed acquisition of mineral rights in Norway. It contains forward-looking statements about the acquisition, future performance and mineral resource estimates that are based on certain assumptions. These statements are qualified by risks and uncertainties that could cause actual results to differ from expectations. The technical data presented is from a previous report on the Curraghinalt Gold Deposit in Northern Ireland.
This document is an investor presentation by Advanced Canadian Exploration regarding its acquisition of approximately 1.7 million hectares of mineral rights over four greenstone belts and a historic silver mining camp in Norway. It discusses forward-looking statements about future performance and estimates, including the completion of the acquisition, future exploration and development plans, and the potential for future mineral resource estimates. It cautions that forward-looking statements are based on certain assumptions and risks that could cause actual results to differ materially from expectations.
The document is MGM MIRAGE's 2007 annual report detailing their CityCenter project in Las Vegas. It describes the various components of CityCenter, including hotels, condo towers, retail space, and financial highlights. Some key points:
- CityCenter is a 76-acre, $18 billion privately funded project, the largest in US history. It includes multiple hotels, condo towers, and retail space designed by renowned architects.
- ARIA is a 61-story, 4,000 room hotel and conference center. Vdara is a 57-story condo-hotel tower with over 1,500 units. Other components include condo towers, hotels, retail space, and entertainment venues.
Goldman Sachs hosted a basic materials conference where Newmont presented. Newmont discussed its focus on eliminating its hedge book, divesting non-core assets, and growing reserves through acquisitions like Miramar. Newmont also provided updates on major projects like its Nevada power plant, Yanacocha gold mill, and Boddington mine. Newmont emphasized that it is the largest unhedged gold producer and expects to continue delivering strong financial and operating performance in 2008 through focus and execution.
This annual report summarizes Amgen's performance in 2000 and outlines goals for the future. Key points include:
- Amgen achieved strong financial results in 2000 and aims to more than double revenues and products on the market in the next five years.
- Goals for the future include launching new products like ARANESP beginning in 2001, expanding R&D capabilities and the product pipeline, and strengthening the organization.
- Four new products could launch in the next 18 months - ARANESP, anakinra, abarelix-depot, and SD/01. R&D spending will increase to nearly $1 billion in 2001 to support pipeline growth.
The document provides an overview of AES Corporation's financial results for the first quarter of 2008. Some key points:
- Revenue increased 13% to $4.1 billion driven by higher prices and volumes in Latin America and Europe. Gross margin rose 17% to $849 million.
- Income before taxes grew 27% to $628 million. Diluted EPS from continuing operations was $0.34 compared to $0.17 in the prior year.
- Operating cash flow was flat at $471 million due to increased working capital from higher revenues. Free cash flow also remained flat at $292 million.
- Segment highlights showed revenue and profit increases across most regions, particularly in Latin America generation due
- Private equity investments in franchising businesses in India have grown significantly over the last 5 years, with over $1 billion invested.
- PE/VC investors are attracted to franchising due to its asset-light model, potential for scalability, and ability to pool interest from franchisees. However, risks include operational issues, brand dilution from lack of control, and contract violations.
- The broking industry has seen the most PE/VC investment in franchising, such as Motilal Oswal's $1.6 billion investment in Motilal Oswal Securities Limited.
The document is Timken's 2006 annual report which discusses the company's vision for profitable growth through transforming the company. Some key points:
- In 2006, Timken embarked on significant changes including investing in growth markets, improving its portfolio through divesting non-strategic businesses, and restructuring.
- Financially, net sales reached $5 billion and net income per share was $2.36, among the highest in Timken's history.
- The company increased manufacturing capacity in aerospace and heavy industry and expanded its presence in Asia. It also acquired businesses and developed new capabilities to better serve customers.
- Timken improved its portfolio through selling businesses and pursuing restructuring activities to improve
- Alcoa reported net income of $268 million for 3Q 2008, which included $29 million for restructuring. Revenues were $7.2 billion, up from $6.5 billion in 3Q 2007 excluding divested businesses.
- The aluminum industry is facing significant increases in input costs such as caustic soda, calcined coke, ocean freight, and fuel oil. These rising costs have squeezed margins across the industry.
- Compared to 3Q 2007, Alcoa's income from continuing operations excluding special items fell from $340 million to $298 million due to higher costs that were only partially offset by productivity gains and price increases.
The document summarizes a quarterly conference call held by a mining company on July 24, 2008. It discusses the company's strong financial and operating results for the second quarter, including adjusted net income of $230 million and costs applicable to sales of $440 per ounce. It also provides an overview of key projects, exploration targets, and maintains full-year guidance for 2008.
The document summarizes Alcoa's 1st quarter 2008 financial results and outlook. Key highlights include income from continuing operations of $303 million, revenues of $7.4 billion, and segment ATOI increasing 42% excluding packaging. Business conditions included lower aluminum prices, unfavorable currency and energy costs, and continued pressure in automotive. The outlook anticipates production increases and improved efficiencies. Alcoa reviews growth opportunities in aerospace, transportation, and infrastructure and discusses strategic priorities around profitable growth, competitive advantages, and disciplined execution.
- Alcoa reported income from continuing operations of $546 million or $0.66 per share for Q2 2008, an 80% increase over Q1 2008. Revenues increased 3% to $7.6 billion.
- Input costs continued to climb across the industry, with increases in caustic soda, calcined coke, fuel oil, and other materials. However, Alcoa saw double digit profit increases across all operating segments sequentially.
- Cash from operations exceeded $1 billion. The company repurchased $175 million in shares, reaching 10% of shares outstanding under the repurchase program. Global aluminum demand is expected to increase 7.9% in 2008 despite weakness in the US market.
Bank of America Corporation provides various banking and financial services. It has experienced a steep decline in earnings per share in the most recent quarter compared to the previous year. While the company has strong cash flow and high gross profit margins, its net profit margin trails the industry average. The company has a hold rating due to both strengths and weaknesses with little evidence that its performance will differ significantly from other stocks.
Peak Energy Services Trust is an energy services company operating in western Canada and the United States. It provides drilling, production, oil sands, and water technology services. Peak has grown through 26 acquisitions since 1996 and expanded its U.S. operations. It has a diversified asset base of rental equipment and a strong balance sheet with $30 million in working capital and $194 million in tangible assets. Peak is pursuing growth in the recovering oil and gas industry.
Red Crescent Resources is a junior mining company focused on zinc, lead, and copper projects in Turkey. It holds three main projects - the Hakkari Zinc Project, Sivas Copper Project, and Tufanbeyli Zinc Project. Red Crescent completed an initial resource estimate for Hakkari and aims to expand resources at all three projects through ongoing exploration. The company seeks to become a low-cost base metal producer in Turkey within five years. Red Crescent recently raised funds and acquired additional projects, positioning it for growth through exploration and potential future production.
Exile Resources Inc. is a Canada-based oil and gas exploration company with interests in Nigeria, Zambia, and Turkey. Its core asset is the Akepo oil field in Nigeria, which was discovered in 1993 but never developed. Exile is partnering with local companies to re-enter and complete the original well, with first production targeted for late 2010. Further exploration and development is planned in the Akepo license area. Exile also holds less developed assets in Zambia and Turkey that provide additional exploration upside.
The document is an investor presentation by The European Explorer regarding a proposed acquisition of mineral rights in Norway. It discusses forward-looking statements about the acquisition and company's future performance that are based on certain assumptions. It notes various risks and uncertainties that could cause actual results to differ from expectations. Technical data in the presentation is based on a previous technical report regarding the Curraghinalt Gold Deposit in Northern Ireland.
Dejour Energy Inc. is an oil and gas exploration and production company focused on projects in Western Canada and the Western United States. It currently produces oil and gas from its Woodrush project in northeast British Columbia and holds natural gas assets in Colorado's Piceance Basin. The company is targeting increased production from Woodrush and plans to commence drilling at its Gibson Gulch project in Colorado in 2012. Management is focused on developing its core assets to fund higher-risk exploration plays while maintaining a balanced commodity exposure and managing capital risk through partnerships.
Dalradian corporate presentation july 25 2012 finalDalradianResource
This investor presentation by The European Explorer discusses the company's acquisition of approximately 1.7 million hectares of mineral rights over four greenstone belts and a historic silver mining camp in Norway. It notes that the presentation contains forward-looking statements regarding the acquisition, future performance, mineral resource estimates and other projections that are based on certain assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially. The company disclaims any obligation to update forward-looking statements except as required by law.
Dalradian corporate presentation march 15 2012 finalDalradianResource
This document is an investor presentation for The European Explorer that discusses the company's acquisition of mineral rights in Norway and contains forward-looking statements regarding future performance, mineral resource estimates, production estimates, costs, and timing of development. It warns that forward-looking statements are based on certain assumptions and involve known and unknown risks that could cause actual results to differ materially. It also notes that certain technical data was sourced from a previous report on mineral resource estimates for a gold deposit in Northern Ireland and Norway.
The document is an investor presentation by The European Explorer regarding a proposed acquisition of mineral rights in Norway. It contains forward-looking statements about the acquisition, future performance and mineral resource estimates that are based on certain assumptions. These statements are qualified by risks and uncertainties that could cause actual results to differ from expectations. The technical data presented is from a previous report on the Curraghinalt Gold Deposit in Northern Ireland.
This document is an investor presentation by Advanced Canadian Exploration regarding its acquisition of approximately 1.7 million hectares of mineral rights over four greenstone belts and a historic silver mining camp in Norway. It discusses forward-looking statements about future performance and estimates, including the completion of the acquisition, future exploration and development plans, and the potential for future mineral resource estimates. It cautions that forward-looking statements are based on certain assumptions and risks that could cause actual results to differ materially from expectations.
The document is MGM MIRAGE's 2007 annual report detailing their CityCenter project in Las Vegas. It describes the various components of CityCenter, including hotels, condo towers, retail space, and financial highlights. Some key points:
- CityCenter is a 76-acre, $18 billion privately funded project, the largest in US history. It includes multiple hotels, condo towers, and retail space designed by renowned architects.
- ARIA is a 61-story, 4,000 room hotel and conference center. Vdara is a 57-story condo-hotel tower with over 1,500 units. Other components include condo towers, hotels, retail space, and entertainment venues.
Goldman Sachs hosted a basic materials conference where Newmont presented. Newmont discussed its focus on eliminating its hedge book, divesting non-core assets, and growing reserves through acquisitions like Miramar. Newmont also provided updates on major projects like its Nevada power plant, Yanacocha gold mill, and Boddington mine. Newmont emphasized that it is the largest unhedged gold producer and expects to continue delivering strong financial and operating performance in 2008 through focus and execution.
This annual report summarizes Amgen's performance in 2000 and outlines goals for the future. Key points include:
- Amgen achieved strong financial results in 2000 and aims to more than double revenues and products on the market in the next five years.
- Goals for the future include launching new products like ARANESP beginning in 2001, expanding R&D capabilities and the product pipeline, and strengthening the organization.
- Four new products could launch in the next 18 months - ARANESP, anakinra, abarelix-depot, and SD/01. R&D spending will increase to nearly $1 billion in 2001 to support pipeline growth.
The document provides an overview of AES Corporation's financial results for the first quarter of 2008. Some key points:
- Revenue increased 13% to $4.1 billion driven by higher prices and volumes in Latin America and Europe. Gross margin rose 17% to $849 million.
- Income before taxes grew 27% to $628 million. Diluted EPS from continuing operations was $0.34 compared to $0.17 in the prior year.
- Operating cash flow was flat at $471 million due to increased working capital from higher revenues. Free cash flow also remained flat at $292 million.
- Segment highlights showed revenue and profit increases across most regions, particularly in Latin America generation due
- Private equity investments in franchising businesses in India have grown significantly over the last 5 years, with over $1 billion invested.
- PE/VC investors are attracted to franchising due to its asset-light model, potential for scalability, and ability to pool interest from franchisees. However, risks include operational issues, brand dilution from lack of control, and contract violations.
- The broking industry has seen the most PE/VC investment in franchising, such as Motilal Oswal's $1.6 billion investment in Motilal Oswal Securities Limited.
The document is Timken's 2006 annual report which discusses the company's vision for profitable growth through transforming the company. Some key points:
- In 2006, Timken embarked on significant changes including investing in growth markets, improving its portfolio through divesting non-strategic businesses, and restructuring.
- Financially, net sales reached $5 billion and net income per share was $2.36, among the highest in Timken's history.
- The company increased manufacturing capacity in aerospace and heavy industry and expanded its presence in Asia. It also acquired businesses and developed new capabilities to better serve customers.
- Timken improved its portfolio through selling businesses and pursuing restructuring activities to improve
- Alcoa reported net income of $268 million for 3Q 2008, which included $29 million for restructuring. Revenues were $7.2 billion, up from $6.5 billion in 3Q 2007 excluding divested businesses.
- The aluminum industry is facing significant increases in input costs such as caustic soda, calcined coke, ocean freight, and fuel oil. These rising costs have squeezed margins across the industry.
- Compared to 3Q 2007, Alcoa's income from continuing operations excluding special items fell from $340 million to $298 million due to higher costs that were only partially offset by productivity gains and price increases.
The document summarizes a quarterly conference call held by a mining company on July 24, 2008. It discusses the company's strong financial and operating results for the second quarter, including adjusted net income of $230 million and costs applicable to sales of $440 per ounce. It also provides an overview of key projects, exploration targets, and maintains full-year guidance for 2008.
The document summarizes Alcoa's 1st quarter 2008 financial results and outlook. Key highlights include income from continuing operations of $303 million, revenues of $7.4 billion, and segment ATOI increasing 42% excluding packaging. Business conditions included lower aluminum prices, unfavorable currency and energy costs, and continued pressure in automotive. The outlook anticipates production increases and improved efficiencies. Alcoa reviews growth opportunities in aerospace, transportation, and infrastructure and discusses strategic priorities around profitable growth, competitive advantages, and disciplined execution.
- Alcoa reported income from continuing operations of $546 million or $0.66 per share for Q2 2008, an 80% increase over Q1 2008. Revenues increased 3% to $7.6 billion.
- Input costs continued to climb across the industry, with increases in caustic soda, calcined coke, fuel oil, and other materials. However, Alcoa saw double digit profit increases across all operating segments sequentially.
- Cash from operations exceeded $1 billion. The company repurchased $175 million in shares, reaching 10% of shares outstanding under the repurchase program. Global aluminum demand is expected to increase 7.9% in 2008 despite weakness in the US market.
Bank of America Corporation provides various banking and financial services. It has experienced a steep decline in earnings per share in the most recent quarter compared to the previous year. While the company has strong cash flow and high gross profit margins, its net profit margin trails the industry average. The company has a hold rating due to both strengths and weaknesses with little evidence that its performance will differ significantly from other stocks.
Peak Energy Services Trust is an energy services company operating in western Canada and the United States. It provides drilling, production, oil sands, and water technology services. Peak has grown through 26 acquisitions since 1996 and expanded its U.S. operations. It has a diversified asset base of rental equipment and a strong balance sheet with $30 million in working capital and $194 million in tangible assets. Peak is pursuing growth in the recovering oil and gas industry.
Red Crescent Resources is a junior mining company focused on zinc, lead, and copper projects in Turkey. It holds three main projects - the Hakkari Zinc Project, Sivas Copper Project, and Tufanbeyli Zinc Project. Red Crescent completed an initial resource estimate for Hakkari and aims to expand resources at all three projects through ongoing exploration. The company seeks to become a low-cost base metal producer in Turkey within five years. Red Crescent recently raised funds and acquired additional projects, positioning it for growth through exploration and potential future production.
Exile Resources Inc. is a Canada-based oil and gas exploration company with interests in Nigeria, Zambia, and Turkey. Its core asset is the Akepo oil field in Nigeria, which was discovered in 1993 but never developed. Exile is partnering with local companies to re-enter and complete the original well, with first production targeted for late 2010. Further exploration and development is planned in the Akepo license area. Exile also holds less developed assets in Zambia and Turkey that provide additional exploration upside.
The document is an investor presentation by The European Explorer regarding a proposed acquisition of mineral rights in Norway. It discusses forward-looking statements about the acquisition and company's future performance that are based on certain assumptions. It notes various risks and uncertainties that could cause actual results to differ from expectations. Technical data in the presentation is based on a previous technical report regarding the Curraghinalt Gold Deposit in Northern Ireland.
Dejour Energy Inc. is an oil and gas exploration and production company focused on projects in Western Canada and the Western United States. It currently produces oil and gas from its Woodrush project in northeast British Columbia and holds natural gas assets in Colorado's Piceance Basin. The company is targeting increased production from Woodrush and plans to commence drilling at its Gibson Gulch project in Colorado in 2012. Management is focused on developing its core assets to fund higher-risk exploration plays while maintaining a balanced commodity exposure and managing capital risk through partnerships.
Dalradian corporate presentation july 25 2012 finalDalradianResource
This investor presentation by The European Explorer discusses the company's acquisition of approximately 1.7 million hectares of mineral rights over four greenstone belts and a historic silver mining camp in Norway. It notes that the presentation contains forward-looking statements regarding the acquisition, future performance, mineral resource estimates and other projections that are based on certain assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially. The company disclaims any obligation to update forward-looking statements except as required by law.
1) The document discusses forward-looking statements made by Carpathian Gold Inc. regarding its projects and financial prospects.
2) Carpathian Gold has two gold development projects with over 12.7 million ounces of gold equivalent resources and recently completed a preliminary economic assessment for its Riacho dos Machados project in Brazil.
3) The Riacho dos Machados project is targeting initial production of 100,000 ounces of gold per year in late 2012 with potential to expand production profile and resources along strike and at depth.
Focused on Production reported strong financial results for 2011, including steady production, excellent cost control, and strengthened balance sheet. The company also reported positive exploration results at its San Dimas mine, with a new discovery in the Sinaloa Graben zone validating the exploration potential. Peñoles plans to continue aggressive exploration and development at San Dimas in 2012 to further expand resources and reserves.
This document contains cautionary statements regarding forward-looking statements in Gary Goldberg's presentation at the Bank of Montreal Metals and Mining Conference on February 25, 2013. It warns that actual results could differ materially from projections due to risks and uncertainties. It also notes that estimates of resources are subject to further exploration and development and are not guarantees that minerals can be economically extracted. The document outlines Newmont's priorities of strong free cash flow growth, leverage to gold prices, returning capital to shareholders, total cost management, and maximizing asset value.
This document contains cautionary statements regarding forward-looking statements in Gary Goldberg's presentation at the Bank of Montreal Metals and Mining Conference on February 25, 2013. It warns that actual results could differ materially from projections due to risks and uncertainties. It also notes that estimates of resources are subject to further exploration and development and are not guarantees that minerals can be economically extracted. The document outlines Newmont's priorities of strong free cash flow growth, leverage to gold prices, returning capital to shareholders, total cost management, and maximizing asset value.
Agnico-Eagle Mines Limited reported its fourth quarter and full year 2011 results in February 2012. Earnings for both the quarter and full year were impacted by non-cash writedowns of the Goldex and Meadowbank mines. Revenues reached record levels in 2011 of $1.82 billion due to higher gold prices, however earnings were negative due to the writedowns. Production guidance is provided for 2012-2014, with payable gold production expected to increase each year from 875,000-950,000 ounces in 2012 to over 1 million ounces in 2014 through contributions from all mines. Capital expenditures are also forecast to remain below average EBITDA levels, allowing for expected ongoing free cash flow generation
Grand Power Logistics Group is a Canada-based logistics company that provides freight forwarding, customs brokerage, and warehousing services. It has established operations throughout Asia and North America to capitalize on growing demand from China's expanding economy. The company aims to drive growth through expanding service offerings, developing a logistics park, and increasing direct sales and negotiated carrier discounts to boost margins.
Claude Resources Inc. Q4 2012 Conference Call and Webcast PresentationClaude Resources Inc.
Neil McMillan, President and CEO of Claude Resources Inc., presented the company's 2012 financial and operating results on March 28, 2013. Key highlights included net profit of $5.6 million, cash flow from operations of $25.8 million, gold sales increasing 16% to 48,672 ounces, and production reaching a record 49,570 ounces. The presentation also provided details on the company's financial position, debt facilities, operations at Seabee Gold Operation and exploration projects, and production and cost guidance for 2013.
Atlas Resource Partners acquired 277 billion cubic feet equivalent of proved reserves in the Barnett Shale from Carrizo Oil and Gas for $190 million. The acquisition is expected to be accretive to ARP's cash distributions in the second half of 2012 and 2013. ARP has hedged 100% of the available production from the acquired assets in the first year and substantial amounts in subsequent years. The transaction more than doubles ARP's proved reserves and enhances the long-lived nature of its asset base.
Bank of America Merrill Lynch 2012 Global MetalsRoyalGold
This presentation discusses a world class royalty company. It highlights the company's strong financial position with growing revenues, an efficient business model, and increasing reserves. The company's cornerstone assets are positioned for significant near term growth. However, the presentation also contains cautionary statements regarding various risks and uncertainties that could impact projections.
Dejour Energy is an oil and gas exploration company focused on projects in western Canada and the United States. It holds interests in over 127,000 acres located in Utah, Colorado, and northeastern British Columbia and Alberta. Dejour's near-term focus is on developing its Woodrush light oil project in Alberta/British Columbia and its Gibson Gulch natural gas project in Colorado. The company offers exploration upside through a variety of early stage projects on its land holdings. As an independent exploration company, Dejour aims to develop conventional oil and gas resources in mature basins in western Canada and the United States.
Marathon Gold Corporation is a Canadian gold exploration and development company with projects in Newfoundland and Idaho. It has two main projects - the Valentine Lake project in Newfoundland, which hosts the Leprechaun gold deposit, and the Golden Chest mine in Idaho, a fully permitted former producer. Marathon is conducting aggressive 25,000m and 10,000m drilling programs at Valentine Lake and Golden Chest respectively to expand resources. The company expects initial resource estimates for Golden Chest in Q1-2012 and an updated estimate for Valentine Lake in Q4-2011. With underground infrastructure and permits already in place, Golden Chest has potential to advance to development as early as 2013.
Marathon Gold Corporation is a Canadian gold exploration and development company with projects in Newfoundland and Idaho. It has two main projects - the Valentine Lake project in Newfoundland, which hosts the Leprechaun gold deposit, and the Golden Chest mine in Idaho, a fully permitted former producer. Marathon is conducting aggressive 25,000m and 10,000m drilling programs at Valentine Lake and Golden Chest respectively to expand resources. The company expects initial resource estimates for Golden Chest in Q1-2012 and an updated estimate for Valentine Lake in Q4-2011. With underground infrastructure and permits already in place, Golden Chest has potential to advance to development as early as 2013.
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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.
World economy charts case study presented by a Big 4
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UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
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ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
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Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024
Fortune Minerals Investor Presentation
1. Emerging Strategic
Metal & Coal
Producer
Fortune Minerals Limited Investor Presentation
TSX-FT, OTC QX-FTMDF
October 2012
2. Forward-Looking Information
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.
1
3. Financial Summary
Corporate Information Share Performance
$1.20 1,400
Listings: TSX (Canada): FT
1,200
OTC QX (USA): FTMDF $1.00 Daily Volume
Closing Price
1,000
Trading Volume (M)
Share Price $0.44 $0.80
Share Price (C$)
800
Shares Out – Basic 117.1
$0.60
Shares Out – Fully Diluted 123.5 600
Market Cap – Basic $51.5 $0.40
400
Working Capital (Q2 2012) $20.6
$0.20
200
Total Assets (Q2 2012) $155.2
All amounts in M or CAD$M except per share amounts. $0.00 -
Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12
Analyst Coverage Ownership
Dealer Date Rating Target
David Davidson
Oct 16, 2012 Buy $1.50
Paradigm Capital China Mining Resources Group Ltd. 13%
Killian Charles
Jan 31, 2012 Spec Buy $3.30 Manulife Asset Management 9%
Industrial Alliance Securities
Michael Fowler Insiders 21%
Oct 23, 2012 Spec Buy $2.65
Loewen Ondaatje McCutcheon
As of October 15, 2012
2
4. Fortune Minerals Limited
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
(formerly Mount Klappan Anthracite Coal Project):
Positive Definitive Feasibility Study
Advancing towards production
NICO Gold-Cobalt-Bismuth-Copper Project,
Northwest Territories & Saskatchewan:
Positive Definitive Feasibility & FEED Studies
Near completion of Environmental
Assessment & Permitting Process
3
5. Introduction to Arctos Anthracite Project
(formerly the Mount Klappan Anthracite Metallurgical Coal Project)
Summary Highlights
One of the world’s premier metallurgical coal development projects
Advanced project with over $90 million of work completed
Definitive Feasibility Study with robust economics, update completed October 2012
Railway development strategy to Port of Prince Rupert – allows for scalable expansion
World-class JV partner secured with South Korean POSCO – one of the world’s largest steel producers
Supply shortages of metallurgical coals with growing world consumption
Accelerated development strategy with funding to construction in place
4
6. Anthracite: Highest Quality Coal
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 (US$250-300/t)
Ultra-Low Vol. PCI (US$175-200/t)
Sinter (US$150-175/t)
Other products:
Filter media (US$1000/t)
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
5
7. Significant Future Metallurgical Coal Demand Growth
Insufficient supply of metallurgical Global Met Coal Demand
coals to meet forecast global
demand
1,600 >500 million mt demand
Increasing demand for anthracite increase over the next decade 1,440
due to new steel technologies & with limited new production
lower emissions 1,400 potential
Emerging economies are driving 1,185
forces for future metallurgical coal 1,200
demand
Steel production in China, India, 1,000 920
Brazil & other emerging
economies growing rapidly
Mt
800
Marginal cost of production
US$160-180/t 600
400
200
-
2010 2015 2020
Source: Peabody Global Energy Analytics, Deloitte
6
8. Growing Demand in Steel Industry
Use of Pulverized Coal Injection (PCI) reduces
the amount of coke required in steel
production
~1/3 of the world’s blast furnaces use PCI
Steelmakers around the world are expanding
PCI use to reduce costs
Low-vol PCI typically priced at 70% to 80% of
high quality hard coking coal
Arctos PCI will achieve a higher price given its
ultra-low volatile content
Arctos coal also has 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
Source: Macarthur Coal Ferroalloys & other metal processing
7
9. Emergence of China as Net Coal Importer
China became a net coal importer of anthracite in 2004, coking coal in 2007, all coals in 2009
Coal & Anthracite Net Imports by China
350.0 $350
Coal Net Imports (Mt) $300
$291
300.0 $300
Anthracite Net Imports (Mt)
250.0 Met Coal Price (US$/t) $250
$215
200.0 $200
$129
150.0 $125 $150
$115
$98
US$/t
Mt
100.0 $100
$58
$47 $45
50.0 $50
0.0 $0
-50.0 -$50
-100.0 -$100
-150.0 -$150
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: China Coal Resource Website, Bloomberg
8
10. Decreasing Supply of Anthracite
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
500
450
400
Production
350 Export
300
Mt
250
200
150
100
50
0
China Vietnam North Korea* Ukraine Russia Other
Export /
0.8% 43.1% 13.2% 27.1% 48.5% 8.5%
Production
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
11. Strategic Location & Infrastructure
Large license area in northwest BC (16,411 Ha)
Close proximity to deep water shipping ports
Stewart Port (150 km)
Ridley Terminals in Prince Rupert (330 km)
Mine site straddles railway right-of-way
Track (CN) installed to 150 km south of mine
Railway road bed largely complete to mine
Road access from railway subgrade
Support from CN Rail for railway expansion
BC Government extending electrical grid to area
Project in Tahltan, Gitxsan & Skii km Lax Ha Territories
BC Government sharing revenues with Aboriginal groups
Railway sub-
grade links
mine site
with CN
mainline &
Ridley
Terminals
10
12. Joint Venture with POSCO
Secured world-class investor & strategic partner – one of the world’s largest steel producers
POSCO Canada has acquired 20% interest in Arctos for anticipated total payments & cash contributions of
$181 million based on current capital cost estimates
$30 million paid to Fortune, $20 million contributed directly to the JV
20% of total development & capital costs – $154 million under current estimates
20% of operating costs for 20% of production in-kind for their own use
Fortune is Project Manager & is compensated for providing support over life of mine
Validates Arctos as one of world’s premier metallurgical coal development projects - key future supplier to
global steel industry
Accelerates project development – funding to construction now in place
POSCO Gwanyang steel plant
11
13. Resources & Reserves
Recent upgrade & increase in resources & new reserves (October 15, 2012)
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
Lost Fox 107.9 109.5 217.4 91.5
Hobbit-Broatch 13.5 13.5 258.4
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
Total
Measured Indicated Inferred Proven Probable Total Proven Probable
Product
172.4 20.4 12.1 115.0 9.9 124.9 64.4 4.8 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 and is not included in the current minerals resources. 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.
12
14. Railway Partially Constructed
Railway transportation allows for scalable expansion of production to take advantage of large resource base
CN Rail operates between Prince George & Port of Prince Rupert & on Dease Lake Line to Minaret, 150 km
south of Arctos
Railway road bed largely constructed to mine site by BC Government – brownfield extension from Minaret
Survey & engineering of railway extension – $330.4 million capital cost included in 2012 DFS
CN collaborating on railway upgrade & extension to Arctos
Existing railway right-of-way & road bed
13
15. Rail Update – Moving Forward
Canadian & BC Government engaged at very high levels
Premier, Ministers & senior staff in BC Government
COO of Transportation & Executive VP level at CN
Entering into an Memorandum of Understanding with CN outlining the relationship & roles
Negotiating optimal land tenure arrangement with the BC Government
Likely public infrastructure under lease to CN with JV paying for upgrade & extension
Advancing discussions for third party financial support
Government recognizes they will either contribute financially or Arctos JV to get repaid from future third
party users
Consultants engaged & advancing work
Stantec & DPRA conducting environmental work & aboriginal engagement
Fleishman-Hillard retained for government engagement
Engineering company to be selected to prepare detailed rail engineering study
14
16. Port with Capesize Capacity
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
Expansion to 24 Mtpa in progress – permitting a future expansion up to 60 Mtpa
Opportunities for shared cargos & blending of coals with other metallurgical coal producers
15
17. Positive Definitive Feasibility Study
October 2012 update to 2005 & 2010 DFS
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 (only 4.5% of global resource)
Premium ultra-low volatile PCI product
Can diversify product mix to produce premium products (charge carbon) & sinter
Life of mine average Free On Board (FOB) vessel cash cost C$127.61/tonne (US$121.22/tonne)
NPV - Pre-tax at 8%
BASE CASE $4.0 $3.8
Ultra-Low Volatile PCI $3.5 $3.2
US$175/tonne (C$1 = US$0.95)
$3.0
$2.5
PRE-TAX AFTER TAX $2.5
C$B
$1.9
IRR 17.0% 14.7% $2.0
$1.5 $1.2
NPV (8%) C$615.9 million C$405.8 million
$1.0 $0.6
Capital (Years 1-3) C$788.6 million
(includes railway capital) $0.5
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. $175/t $200/t $225/t $250/t $275/t $300/t
FOB Price (US$/t)
16
18. Permitting Update – Work Underway
Arctos project identified on BC Government Major Investment Office list
Project Description Report completed & submission pending
Report completed by technical leads with input from EA agencies
Document is being forwarded to Aboriginal groups for comment
Anticipated filing of document in October 2012
Gaps Analysis & Work Plan completed
Baseline Field Work
Additional field work for mine area & road access corridor in progress
Full year of work required along the railway corridor
Field work commenced August 2012, report by Fall 2013
Scheduling for 2012/2013 in progress
Environmental Impact Statement/BCEAA Application
Preparing Draft Application Information Requirements (dAIR)
Targeting submission of dAIR Q1-2013
Preparation of Environmental Impact Statement (EIS) Q4-2012
Anticipated completion of EIS by Fall 2013 after baseline reports completed
Document will be forwarded to Aboriginal groups in draft for review
17
19. Aboriginal Update
Tahltan Nation Gitxsan Nation
Agreements to Date Proposed new railway passes through 5
Environmental Assessment Process Gitxsan house territories
Funding Memorandum of Understanding being
Traditional Knowledge Agreement finalized
Confidentiality Agreement – PEM Data Access Agreements completed
Shipping Agreement Quarterly meetings with chiefs of the subject
Negotiating communication protocols watersheds
Long history of bilateral discussions and Annual presentations at Gitxsan Summit
meetings Gitxsan Community Liaison hired
Traditional Use & Knowledge Study to be
completed in cooperation with hereditary
chiefs
18
20. Government Update – Overview
What’s new:
Federal & BC Government recognition that permitting process needs to be streamlined
Federal & BC Government harmonization of EA process
A re-energized approach to mine development
BC Government focused on Premier Clark’s BC Jobs Plan
Premier committed to eight new mines in operation by 2015
Premier committed to nine existing mine expansions by 2015
Key initiatives:
Expedited permitting process
Establishment of the Major Investments Office – Arctos identified as major project
Investment in trade infrastructure, i.e., ports
Pacific Gateway Policy
Revenue sharing with Aboriginal groups
19
21. Significant Upside Potential
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 some cost for inbound freight
DFS reserves only represents 4.5% 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
underground mining)
Budget in place for additional drilling
3rd Party contribution to railway capital costs increases NPV
BC Government extending electrical grid & connection would lower power costs & enable use of lower
operating cost electrified mining equipment
Lease-to-purchase of mobile equipment fleet & contract mining would lower upfront capital & increase IRR
20
22. Accelerated Development Strategy
Accelerated development program underway
Next steps include:
Continue Tahltan, Gitxsan, Skii km Lax Ha & stakeholder engagement
Environmental, socio-cultural & economic studies underway in support of permitting process
Project Description to be submitted to Aboriginal groups
Complete the environmental assessment & permitting processes
Complete engineering on railway transportation with CN Rail & complete MOU
Secure port handling agreements
Conduct additional expansion drilling
Second stage strategic partner(s) & project financing
Deloitte is 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
21
23. Targeted Milestones
Proposed Development Timeline
2012 2013 2014 2015 2016
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Project Description submission
Baseline field work & document prep
Filing of EIS-EAC documents
EAO-CEAA review process
Ministerial decision process
Mine permitting
Construction
Commissioning & commercial
production
22
24. NICO Gold-Cobalt-Bismuth-Copper Project Highlights
Positive Front End Engineering & Design Study (FEED) completed
in 2012 based on a vertically integrated mine & mill in the
Northwest Territories & refinery in Saskatchewan
FEED - ~30% of detailed engineering complete for
procurement
Robust economics – 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 Current Prices
High-grade deposit of combined gold, cobalt, and bismuth co-
products 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 $100 million already invested –
including pilot plants, test mining and extensive permitting work
– resulting in planned production in 2015
Strong management & board with experience in mine permitting,
development & operations Test mining 2006/2007
*Base case: pre-tax, 7% discount rate
23
25. Gold: Counter Cyclical Hedge
Historical & Forecast Gold Price Gold price increased consistently in past 9 years,
$2,000 especially after recent economic downturn
$1,800 $1,749 While mine supply remains relatively flat, future
demand continues to grow:
$1,574
$1,600
Growing physical demand from Asia &
$1,400 central banks
$1,211
$1,200 Growing investment demand based on
currency protection & safe haven status
$1,000
$873 $873
Provides a flexible financing opportunity
$800 $697
$604
$600
$410 $445 NICO contains 1.1 million ounces of gold
$363
$400 $310
– provides a significant counter-cyclical hedge
$200
$0
Source: Bloomberg; Energy & Metals Consensus Forecasts April 2012
24
26. Cobalt: Robust & Diverse Market
Wide chemical and metallurgical market Wide Application of Industrial Usage
applications in batteries, high strength alloys,
cutting tools, catalysts, etc.
Cobalt sulphate is used in lithium ion & nickel 5%
4% Batteries (27%)
metal hydride batteries for electronic devices & 6%
Superalloy (19%)
27%
hybrid/electric vehicles Hard Materials (13%)
7%
Colours (10%)
High purity cobalt is used in aerospace
Catalysts (9%)
applications 9%
Magnets (7%)
Cobalt demand expected to grow at ~7% per Hardfacing & Other Alloys (6%)
10% 19%
year in the next five years Tyre Adhesives, Soaps, Driers (5%)
13% Feedstuffs (4%)
Over the past decade, increase in demand
resulted almost exclusively from increase in
chemical applications, most notably Source: CRU, Cobalt Development Institute
rechargeable batteries and catalysts
Chemical applications accounted for ~55% of
worldwide cobalt demand in 2011 & are
expected to dominate future cobalt
consumption
25
27. Cobalt: Rechargeable Batteries Drive Demand
Cobalt is critical for manufacturing batteries used in electric vehicles*, computers, cell phones & other
electronic devices
Nickel metal hydride car batteries contain approximately 3 to 5 lbs of cobalt
Lithium-ion car batteries contain 5 to 7 lbs of cobalt
Cobalt usage in batteries is expected to grow from 25% of demand in 2011 to 45% in 2018
Global Electric Vehicle Battery Sales
6
5
Approx. 20% compound annual
Millions of Units
4 growth forecast from 2011 to 2020
3
2
1
0
2008 2010f 2012f 2014f 2016f 2018f 2020f
* Electric vehicles include hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV) & pure electric vehicles (EV)
Source: Roskill
26
28. Cobalt: Shortage of Reliable Supply
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 (43% in 2010) but limited mine supply
Chemical production is in deficit by about 14,000 t in 2011
LME initiated futures market trading for cobalt in 2010, resulting in a more liquid market
NICO will be a reliable North American producer
Proportion of World Cobalt Production (%)
60%
51%
50%
40%
30%
20%
12%
10% 7% 7% 5% 5% 4% 3% 2% 2% 2%
0%
Congo Zambia China Russia Other Australia Cuba Canada New Brazil Morocco
Countries Caledonia
Source: USGS Industry Survey
27
29. Bismuth: Environmentally Friendly
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
Alloys, solders and
others, 8%
Chemicals &
pharmaceuticals, 65%
Metallurgical
additives, 27%
Source: USGS Industry Survey
28
30. Bismuth: Limited Supply
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 & China’s exports could halve in 2012
due to export restrictions (only 1,242 t in the first four months)
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
200,000
Tonnes
NICO is the world’s
150,000 largest deposit of
bismuth
100,000
48,661
50,000 39,000
11,000 10,000 10,000 5,000 5,000
-
China Peru Bolivia Mexico Canada * Kazakhstan Other Countries NICO
*Excluding NICO
Source: USGS Industry Survey 2010
29
31. Introduction to NICO Project & SMPP
NICO Project
Large scale cobalt-gold-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
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
30
32. Mine Location & Infrastructure
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
Settled land claims with Tlicho Government
31
33. Saskatchewan Metals Processing Plant
Hydrometallurgical plant to process bulk
concentrate from NICO mine & mill to
produce gold doré, cobalt sulphate or
cathode, bismuth ingot & copper metal
High concentration ratio of ore using simple
flotation allows concentrate to be shipped to
Saskatchewan for lower cost processing
4,650 t of ore /day reduced to only 180 t
of concentrate
Significant advantages to Saskatoon site:
Located on CN Rail line
Close to Trans Canada Hwy
Inexpensive power (5.7 cents / kWh)
Close to natural gas & reagent sources
Skilled worker / engineer pool
5 year tax holiday
32
34. NICO Mineral Reserves
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
Open Pit Mineral Reserves Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
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
Combined Mineral Reserves Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
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
1,085,000 82,268,000 102,053,000 27,179,000
Contained Metal
ounces pounds pounds 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
33
35. Well-Understood Geology
The NICO mineral reserves are based on 327 drill holes & surface trenches
Deposit is an Iron Oxide Copper-Gold (“IOGG”) class deposit, commonly referred to as Olympic Dam-type
after the dominant “Super Giant” deposit in South Australia
Ore is hosted in three lenses of brecciated ironstone up to 1.3 km in length, 550 m in width, & 70 m in
thickness
Green = Upper Ore Zone, Blue = Middle Ore Zone, Red = Lower Ore Zone
Brown = Open Pit, Cyan = Underground Development and Stopes
34
36. Underground Test Mining Complete
Mining conditions, geometry &
grades confirmed
Environmental impacts assessed
Portal, 2 km of decline ramp & 2
mine levels established with
ventilation raise to surface
~$20 million pre-production
development completed
Large sample collected for pilot
plant testing
35
37. Extensive Metallurgy Work
1997-2012 Metallurgical expenditures ~$12 M
Lab & bench scale test work
2007 200 t bulk sample pilot plant study
Proved process flow sheet
Established baseline process
performance & products
Improved recoveries over feasibility study
Provided samples for environmental tests
Proved co-disposal of tails with waste rock
2010-2012 30 t pilot study
Verified higher gold recoveries from regrind of
cleaner float tails
Proved blending of bismuth residue with cobalt
autoclave feed
Eliminated 1 of 2 gold circuits at SMPP
Higher gold recovery & reduced risk
Higher cobalt recovery
Verified cobalt sulphate process
2008-2012 FEED report & detailed engineering
36
38. Positive Pilot Plant Results
Continuous flotation tests to produce separate cobalt & bismuth concentrates
Recovery improvements to Co, Bi, Au & Cu
Proved process flow sheet, production of high value products & improved metal recoveries
Cobalt pressure oxidation, precipitation & electrowinning to demonstrate production of 99.8% cobalt
cathode
Bismuth ferric chloride leaching, production of 99.5% bismuth cathode as powder - Flux & smelt to
>99.9% bismuth ingot
Ability to produce thickened tailings from bulk tailings
Cobalt Cathode Metal Cobalt Carbonate Bismuth Ingot Cobalt Sulphate
Co >99.95% Co 50.6% Bi >99.99% (heptahydrate)
Co 20.9%
37
39. 2012 FEED Study
FEED Study Highlights – Base Case, Cobalt Sulphate
Positive FEED Study demonstrating very
low costs & strong economics Mine type Open pit with underground in 2nd year
Vertically integrated project consisting of Open pit: conventional truck & loader
Mining method
an open pit & underground mine, mill & Underground: blasthole open stoping
hydrometallurgical refinery
Strip Ratio Waste to ore 3.0 : 1
Negative cash cost net of credits & very
low capital costs of $441 million Processing rate 4,650 tonnes of ore/day
Includes a significant amount of detailed Mine life 19.8 years (potential for additional 3.2)
engineering, reducing project risk
Processing Processed to high value metal products
Golden Giant Mine (Hemlo) equipment
purchased & dismantled for relocation to Pre-tax NPV (7%) $308.5 million
NICO
Pre-tax IRR 14.0%
Metal recoveries verified from pilot plants;
Gold recovery ranges from 56 to 85%, Capital costs $440.5 million
with an average of 73.7%
LOM average revenue/yr $194 million
Cobalt recovery of 84%
Bismuth recovery of 72%
LOM average operating cost/yr $97 million
Copper recovery of 41%
Negative US$0.81/lb at Base Case
Cobalt operating cost (net of
Negative US$1.07/lb at Current Price
credits)
Case
38
40. Balanced Production Scenario
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
100
$89M
90
80
70
$61M
US$M
60
50
$42M
40
30
20
10
$2M
0
Cobalt Sulphate Gold Bismutch Copper
Annual Production 3,473,600 lbs 40,000 oz 3,681,800 lbs 559,400 lbs
39
41. Negative Cash Costs
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
Cobalt Gold Bismuth
Base Case Current Price Base Case Current Price Base Case Current Price
$0.00 $0 $0
Cash Cost Net of By-Products ($US/oz)
Cash Cost Net of By-Products ($US/lb)
Cash Cost Net of By-Products ($US/lb)
-$100 -$2
-$0.20
-$200 -$148.42
-$4
-$0.40
-$300
-$6
-$0.60 -$400
-$8
-$500 -$7.99
-$0.80
-$0.81 -$10
-$600
-$1.00 -$12
-$700
-$1.07 -$12.78
-$800 -$738.75 -$14
-$1.20
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.
40
42. Low Capital Costs
Capital costs total $441 million for the first 2 years of the project, including all direct & indirect
costs & contingencies
Summary of Capital Costs
$500
$450
SMPP Site Capital Costs
$400
Refinery
$350
230 Rail load out
Capital Costs (C$M)
$300
Ponds
$250
$200 NICO Site Capital Costs
$150 Mine & mill
$100 210 Access road
Camp
$50
Tailings storage facility
$0
Power plant
NICO Site SMPP Site
Note: based on cobalt sulphate option.
41
43. Economics – Highly Leveraged to Gold
NICO demonstrates robust economics through a range of commodity prices
Economics for Cobalt Sulphate Option
$1,000 $951
$900
NPV (7% discount)
$800
NPV (5% discount) $707
$700 $660
$600
C$M
$500 $466 $467
$400
$309
$300 $270
$228
$200 $147
$110
$100
$0
Base Case Prices 3-Yr Trailing Average Current Prices Escalated Prices Optimistic Prices
Prices
IRR 14.0% 10.5% 9.6% 17.1% 21.6%
Note: all values are pre-tax.
42
44. Additional Upside
Significant opportunity existing to further strengthen project economics
Extend mine life for 3+ years with stockpiled subeconomic material
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
Continue generating revenues after NICO ores depleted
Significant commodity prices upside
Cobalt – potential for supply disruptions in the
DRC and less than expected production from
laterites
Gold – counter-cyclical hedge
Bismuth – potential for decreased Chinese
supply due to export quotas and increased
environmental restrictions
43
45. Production Targeted in 2015
Progressing through final stages of permitting process
Environmental Assessments well advanced for mine & SMPP permitting
For the mine & mill, public hearings completed, government approval pending
For SMPP, an addendum to the Environmental Impact Statement has been submitted for review & public
comment, after which government approval will be pending
Closure of Public Registry in the DAR Review process (in Q4)
Advanced relationships with Aboriginal groups
Signed Co-operative Relationship Agreement with
Tlicho Government
Initiate Tlicho Participation Agreement (PA)
Negotiations (in Q4)
Project Financing & Development Options
Deloitte is 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
44
47. Summary Highlights
Positive FEED Study completed based on a vertically integrated
mine, mill & refinery
Attractive economics – 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
High-grade deposit of combined gold, cobalt & bismuth co-
products 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 $100 million already invested,
including pilot plants, test mining & permitting
Strong management & board with experience in mine permitting,
development & operations
Targeting production in 2015
Near production, low cost mine & refinery highly leveraged to high growth strategic metals & gold.
46
48. Experienced Team
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 Partner, Norton Rose specializing in securities & mining law
James Excell, BASc Director 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
Management
Julian Kemp, BBA, CA, C.Dir VP Finance & CFO Chartered Accountant – 20+ yrs mining financial experience
Bill Shepard Logistics Manager 15 yrs experience in procurement & logistics
Dr. Richard Schryer, PhD Director Regulatory & Aquatic Scientist –20+ yrs experience in mine permitting & environmental
Environmental Affairs assessments
Adam Jean, HBA, CA Controller Chartered Accountant previously with Ernst & Young
James Mucklow, MESc, PEng Manager Env.& Community Geological Engineer – 20+ yrs geological & environmental experience
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
Joon Kim, MASc, PEng Mine Planning Engineer Mining Engineer – 10+ years operations & engineering experience
47
49. Appendix: Economics & Price Assumptions
Cobalt Metal Option Cobalt Sulphate Option
Pre-Tax After Tax Pre-Tax After Tax
Metal Price &
$M $M $M $M $M $M $M
Exchange Rate Case IRR $M IRR IRR IRR
NPV NPV NPV NPV NPV NPV NPV
% NPV (5%) % % %
(7%) (7%) (5%) (7%) (5%) (7%) (5%)
Base Case Prices 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
7.4 17.1 114.6 6.6 (15.3) 69.0 10.5 146.8 270.0 9.3 86.7 188.4
Average Prices
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.
48