The document discusses General Moly's Mt. Hope and Liberty mining projects. Mt. Hope is a large, high-grade molybdenum project located in Nevada that is expected to produce 40 million pounds of molybdenum per year at low cash costs of $5.29 per pound. It has over 1.3 billion pounds of proven and probable molybdenum reserves. Liberty is a follow-on copper and molybdenum project that will further grow General Moly into one of the largest primary molybdenum producers in the world. General Moly has financing arrangements and strategic partnerships in place and expects to receive remaining permits in the second half of 2012 to bring the projects
General Moly at Credit Suisse Small Mid Cap ConferenceCompany Spotlight
The document summarizes General Moly's mining projects. It discusses the company's near-term Mt. Hope molybdenum project in Nevada, which is described as large-scale with high molybdenum grades and low costs. It also mentions General Moly's follow-on Liberty molybdenum and copper project. The document notes that the company has significant strategic partnerships and financing arrangements in place and is awaiting key permits in the second half of 2012 to begin production.
This document provides an overview of Detour Gold Corporation as Canada's next intermediate gold producer. Key points include:
- Detour Gold owns the Detour Lake open pit mine in Ontario, Canada which began production in 2013.
- The mine has 15.6 million ounces of gold reserves and Detour Gold plans to optimize operations and pursue organic growth.
- Detour Gold completed construction of the Detour Lake mine within 27 months of acquiring the project in 2007, bringing it from discovery to production faster than typical timelines.
- In 2013, Detour Gold's objectives are to achieve commercial production, produce over 350,000 ounces of gold, and advance studies on expanding the mine.
Dgc 13 02_24-27_bmo metals and mining conferenceDetourGold
Detour Gold Corporation is Canada's next intermediate gold producer. It owns the Detour Lake mine in Ontario, Canada, which began commercial gold production in February 2013. Detour Gold's objectives for 2013 include commissioning a second production line at Detour Lake, securing a $90 million credit facility, achieving commercial production, and producing over 350,000 ounces of gold. It also plans to complete a pre-feasibility study on the Block A expansion at Detour Lake and advance evaluation of mine expansion scenarios. Detour Gold is focused on responsible mining practices and supporting local communities.
Detour Gold Corporation is Canada's next intermediate gold producer. It operates the Detour Lake mine in Ontario, Canada, which began commercial production in 2013. The mine has 15.6 million ounces of gold reserves and is expected to produce an average of 657,000 ounces of gold annually over its 21.5 year mine life. Detour Gold plans to grow its mineral reserves and resources through exploration and development studies on the Block A area near Detour Lake, with the goal of increasing reserves to over 20 million ounces. The company's objectives for 2013 include achieving commercial production at Detour Lake and completing a pre-feasibility study on Block A.
This presentation provides an overview of Thompson Creek Metals Company, a growing North American mining company with a portfolio of molybdenum assets. Key points include: Thompson Creek has reserves of molybdenum, copper, gold and silver across its operations in Canada and the US; it is investing in new projects such as the state-of-the-art mill expansion at its Endako mine and the new Mount Milligan copper-gold mine in Canada; and it expects to produce between 30-34 million pounds of molybdenum in 2012 with cash costs of $7.75-9 per pound.
The document provides an overview of Exelon Corporation's operating performance and financial projections for 2007 and 2008. Some key points:
- Exelon is projecting 2007 operating earnings between $2.8-2.9 billion and EPS of $4.15-4.30. For 2008, projections are $2.6-2.9 billion in operating earnings and $4.00-4.40 in EPS.
- Exelon has over $44 billion in assets and $13 billion in total debt. The credit rating for senior unsecured debt is BBB.
- Exelon's business segments include Illinois Utility, Pennsylvania Utility, and Exelon Generation power markets. Financial projections are provided for
This document provides a summary of Newmont Mining Corporation's presentation at the 2012 Diggers & Dealers Conference. The presentation discusses Newmont's strategy of achieving profitable growth through disciplined returns and exploration potential. Specifically, the presentation outlines Newmont's goal of producing between 6 to 7 million ounces of gold annually by 2017 through projects in their pipeline. It also emphasizes Newmont's strong balance sheet and commitment to returning capital to shareholders. The document contains cautionary statements regarding the use of forward-looking estimates and assumptions.
This 3 sentence summary provides the high level information about the 2007 Annual Report of Newmont Mining Corporation:
The report discusses Newmont's financial and operating results for 2007, noting that production was 5.3 million ounces of gold in line with guidance. It describes strategic actions taken in 2007 to focus on gold, eliminate hedges to take advantage of higher gold prices, invest over $1 billion in projects, and acquire Miramar Mining to gain control of the Hope Bay gold deposit in Canada. The letter to shareholders expresses optimism about Newmont's growth opportunities in 2008 from projects in Peru, Australia, Ghana and Hope Bay and its commitment to sustainability and communities.
General Moly at Credit Suisse Small Mid Cap ConferenceCompany Spotlight
The document summarizes General Moly's mining projects. It discusses the company's near-term Mt. Hope molybdenum project in Nevada, which is described as large-scale with high molybdenum grades and low costs. It also mentions General Moly's follow-on Liberty molybdenum and copper project. The document notes that the company has significant strategic partnerships and financing arrangements in place and is awaiting key permits in the second half of 2012 to begin production.
This document provides an overview of Detour Gold Corporation as Canada's next intermediate gold producer. Key points include:
- Detour Gold owns the Detour Lake open pit mine in Ontario, Canada which began production in 2013.
- The mine has 15.6 million ounces of gold reserves and Detour Gold plans to optimize operations and pursue organic growth.
- Detour Gold completed construction of the Detour Lake mine within 27 months of acquiring the project in 2007, bringing it from discovery to production faster than typical timelines.
- In 2013, Detour Gold's objectives are to achieve commercial production, produce over 350,000 ounces of gold, and advance studies on expanding the mine.
Dgc 13 02_24-27_bmo metals and mining conferenceDetourGold
Detour Gold Corporation is Canada's next intermediate gold producer. It owns the Detour Lake mine in Ontario, Canada, which began commercial gold production in February 2013. Detour Gold's objectives for 2013 include commissioning a second production line at Detour Lake, securing a $90 million credit facility, achieving commercial production, and producing over 350,000 ounces of gold. It also plans to complete a pre-feasibility study on the Block A expansion at Detour Lake and advance evaluation of mine expansion scenarios. Detour Gold is focused on responsible mining practices and supporting local communities.
Detour Gold Corporation is Canada's next intermediate gold producer. It operates the Detour Lake mine in Ontario, Canada, which began commercial production in 2013. The mine has 15.6 million ounces of gold reserves and is expected to produce an average of 657,000 ounces of gold annually over its 21.5 year mine life. Detour Gold plans to grow its mineral reserves and resources through exploration and development studies on the Block A area near Detour Lake, with the goal of increasing reserves to over 20 million ounces. The company's objectives for 2013 include achieving commercial production at Detour Lake and completing a pre-feasibility study on Block A.
This presentation provides an overview of Thompson Creek Metals Company, a growing North American mining company with a portfolio of molybdenum assets. Key points include: Thompson Creek has reserves of molybdenum, copper, gold and silver across its operations in Canada and the US; it is investing in new projects such as the state-of-the-art mill expansion at its Endako mine and the new Mount Milligan copper-gold mine in Canada; and it expects to produce between 30-34 million pounds of molybdenum in 2012 with cash costs of $7.75-9 per pound.
The document provides an overview of Exelon Corporation's operating performance and financial projections for 2007 and 2008. Some key points:
- Exelon is projecting 2007 operating earnings between $2.8-2.9 billion and EPS of $4.15-4.30. For 2008, projections are $2.6-2.9 billion in operating earnings and $4.00-4.40 in EPS.
- Exelon has over $44 billion in assets and $13 billion in total debt. The credit rating for senior unsecured debt is BBB.
- Exelon's business segments include Illinois Utility, Pennsylvania Utility, and Exelon Generation power markets. Financial projections are provided for
This document provides a summary of Newmont Mining Corporation's presentation at the 2012 Diggers & Dealers Conference. The presentation discusses Newmont's strategy of achieving profitable growth through disciplined returns and exploration potential. Specifically, the presentation outlines Newmont's goal of producing between 6 to 7 million ounces of gold annually by 2017 through projects in their pipeline. It also emphasizes Newmont's strong balance sheet and commitment to returning capital to shareholders. The document contains cautionary statements regarding the use of forward-looking estimates and assumptions.
This 3 sentence summary provides the high level information about the 2007 Annual Report of Newmont Mining Corporation:
The report discusses Newmont's financial and operating results for 2007, noting that production was 5.3 million ounces of gold in line with guidance. It describes strategic actions taken in 2007 to focus on gold, eliminate hedges to take advantage of higher gold prices, invest over $1 billion in projects, and acquire Miramar Mining to gain control of the Hope Bay gold deposit in Canada. The letter to shareholders expresses optimism about Newmont's growth opportunities in 2008 from projects in Peru, Australia, Ghana and Hope Bay and its commitment to sustainability and communities.
Vms nan chicago hard assets september 2012VMS Ventures
VMS Ventures has discovered high-grade copper deposits in Manitoba, Canada through exploration. It owns 30% of the Reed Copper deposit in a joint venture with Hudbay Minerals, which is carrying VMS to production. A prefeasibility study estimates the deposit contains over 2 million tonnes of copper. VMS also holds additional exploration properties in Manitoba's prolific Flin Flon-Snow Lake greenstone belt and has $10.5 million cash for further exploration.
The document discusses forward-looking statements and risk factors regarding LinnCo and LINN Energy. It states that any predictions in the presentation are based on management's experience and perceptions, but are subject to uncertainties and may not reflect actual future results. It also notes that market data in the presentation is as of September 28, 2012. The document then provides an overview of LINN Energy, stating that it is the 8th largest public MLP and has a large, diversified reserve base and development opportunities across its core operating areas in the United States.
This document contains forward-looking statements about Linn Energy's business and operations. It warns that actual results could differ materially from expectations due to assumptions, risks, and uncertainties. Some of the risks mentioned include financial performance, access to capital, commodity prices, replacing reserves, and regulations. The document provides an overview of Linn Energy as an oil and gas company with large reserves and development opportunities across many regions. It also discusses the company's history of growth through billions of dollars in acquisitions.
The document discusses VMS Ventures Inc., a junior mining exploration company focused on copper and nickel deposits in Manitoba, Canada and Greenland. Key points include:
- VMS has discovered the high-grade Reed Copper deposit in Manitoba through a joint venture with Hudbay Minerals. A prefeasibility study indicates strong economics for the project.
- VMS also owns a large land package in Manitoba and has flown extensive geophysical surveys to identify additional targets.
- VMS owns approximately 27 million shares of North American Nickel Inc., which is exploring a large land package in Greenland that shows potential to host world-class nickel deposits based on historical drilling results.
- Recent geophysical
- Newmont is the second largest gold mining company with approximately 46,000 employees and operations worldwide.
- The company's current growth potential is between 6-7 million ounces of gold production by 2017 through projects in various regions.
- However, delays to the Conga project in Peru due to community unrest have reduced the company's near-term growth outlook. Newmont is reviewing cost reduction opportunities for Conga to generate acceptable returns.
- Newmont has a strong balance sheet and investment grade credit ratings to support its profitable growth strategy through various projects in its pipeline.
VMS Ventures has discovered high-grade copper deposits in Manitoba, Canada through exploration of its land package in the prolific Flin Flon-Snow Lake Greenstone Belt. The company's flagship Reed Copper deposit contains over 2 million tonnes of 3.83% copper and is moving towards production through a joint venture with Hudbay Minerals, with VMS carrying 30% interest to production. VMS also holds additional exploration properties in the region through option agreements with Hudbay. The high-grade nature of the Reed deposit provides strong leverage for the project's economics at current copper prices.
This document provides information from Penn West Energy Trust's annual general meeting on June 8, 2010. It discusses Penn West's discovered petroleum initially-in-place volumes, forward-looking statements, and references to non-GAAP terms. The presentation focuses on restoring financial strength, emphasizing corporate responsibility, strengthening the management team, and prospects in key play areas like the Peace River and Cardium formations.
Norse Energy "Extraordinary General Meeting" Presentation - July 5, 2012Marcellus Drilling News
This corporate presentation by Norse Energy CEO Mark Dice provides an overview of the company's vision, core values, recent achievements and share performance, key business risks, asset values, project economics, 2012-13 business plan, funding requirements, and agenda for an upcoming EGM. The presentation highlights Norse Energy's balanced oil and gas portfolio, attractive project economics, plans to pursue partners and funding to develop assets in New York once regulatory approval is given, and a goal of achieving positive earnings within a few months of commencing drilling.
Ontario Graphite: Considerations for Financial Investors in Mining Operations as presented at Industrial Minerals Grapihte Conference in December 2011.
VMS Ventures is exploring for high grade copper deposits in Manitoba, Canada. It discovered the Reed Copper deposit through a joint venture with Hudbay Minerals. A prefeasibility study on Reed Copper found 2.2 million tonnes of 3.83% copper. VMS also owns properties in the Flin Flon-Snow Lake Greenstone belt that it is exploring through partnerships. Additionally, it owns shares in North American Nickel which is exploring for nickel deposits in Greenland and Ontario.
Cypress Development Corp. is a Nevada-based lithium exploration company. It has acquired lithium brine claims in Clayton Valley and Alkali Valley, Nevada near Albemarle's Silver Peak lithium mine. The company's management has extensive experience in mineral exploration and public company management. Cypress plans to conduct exploration including geophysics and drilling on its Clayton Valley claims in 2016 and to further evaluate the potential for lithium brines at its Alkali Valley project.
Commerce Resources Corp. is a mineral exploration and development company focused on developing its Upper Fir Tantalum and Niobium Deposit in British Columbia and exploring its Eldor Rare Earth Project in Quebec. The company has defined resources at its Upper Fir Deposit and is working to advance it to commercial production. It has also made a significant rare earth element discovery at its Eldor Project and is continuing exploration. Commerce aims to become a leading producer of tantalum, niobium, and rare earth elements to
Belmont Resources Inc. has acquired a lithium property in Nevada called the Kibby Basin Lithium Property, which it believes has potential to host lithium brines. Belmont plans to conduct an exploration program at the property this season to conduct geological and geophysical mapping and surface sampling. Rockstone Research is initiating coverage of Belmont and is looking forward to the start of the exploration program, as Nevada has infrastructure and permitting advantages for lithium exploration and production.
Champion Minerals Inc. is an advanced iron ore exploration and development company with projects located in Canada's principal iron ore district, the Labrador Trough. Its flagship project is the Fire Lake North Project, which has over 1.55 billion tonnes of iron ore resources. A preliminary economic assessment on Fire Lake North demonstrated it could be a viable project. Champion is also undertaking a 60,000+ meter drill program and feasibility study to further advance the project. The company has a strong capital structure and experienced management team to develop its projects.
Power breakfast presentation (edama) 4 12 2012EDAMA
This document discusses Shell's focus on innovation and delivering value through technology investments. It defines key terms and notes forward-looking statements are subject to risks. Shell spends over $1 billion annually on R&D, pioneering major projects to unlock challenging resources like oil sands, LNG, deepwater assets, and developing technologies for heavy oil, shale, arctic regions, and carbon capture. Examples provided include developing in situ conversion processes to unlock Jordan's significant shallow oil shale reserves while minimizing environmental impact. The path to commercializing new technologies involves exploration, appraisal, piloting projects, and final investment decisions.
This corporate presentation from Romarco Minerals discusses their Haile Gold Mine project in South Carolina. Key points include:
- The February 2011 feasibility study showed the project would have low capital costs (<$300 million) and operating costs (<$380/oz) making it one of the lowest cost gold projects.
- The open pit mine is planned to have a high grade of 2.06 g/t gold, which is higher than many other open pit mines.
- Romarco has a strong cash position of $115 million and no debt as of December 2011 as they advance permitting for the project targeting approval by the end of 2012.
- Exploration in 2011 discovered two underground targets at the
Teranga Gold Corporation presented at the BMO Capital Markets Conference in February 2013. The presentation provided an overview of Teranga's Sabodala gold mine in Senegal, its growth strategy, and operating results for 2012. Key points included record annual gold production of 214,310 ounces at total cash costs of $627 per ounce, increased profitability and cash balance, and a focus on growing reserves and production through exploration and potential acquisitions to become a mid-tier gold producer in West Africa. Teranga also discussed expanding the Sabodala mine life to 2020-2025 and increasing annual production to 400,000-500,000 ounces through further mill expansions.
The document discusses developing the King-king copper/gold deposit as a project for the Philippines. It would provide significant economic and social benefits to the country and local region. Key points include that the deposit contains over 5 billion pounds of copper and 10 million ounces of gold, and is one of the largest undeveloped deposits globally. The company has a 60% earn-in agreement and is currently in the permitting process, with milestones this year including submitting an environmental impact statement and completing a prefeasibility study. The project would create thousands of jobs and tax revenue while benefiting the local community.
American Lithium Investor Presentation: Exploration and development of lithiu...American Lithium Corp
American Lithium Corp is exploring and developing lithium deposits in the Americas. It has acquired over 13,000 acres in Fish Lake Valley, Nevada, which is analogous to the nearby Clayton Valley where lithium brines are produced. The company plans to advance its projects quickly and inexpensively in 2016 through gravity surveys, drilling, and brine testing to define lithium resources. It has an experienced management team with a track record of successfully developing major resource projects.
Avion Resources is a new gold producer in West Africa with exploration upside. In less than one year, Avion acquired an existing producer at a discount, completed drilling, developed a new mine plan, and began production. Avion has also announced acquisitions increasing its gold resource and initiated expansion studies to increase production to 200,000 ounces annually. Avion provides exposure to the secular gold bull market as a well-funded, regional consolidator in West Africa.
Rainy River Resources Ltd. Corporate Presentation - February 2012RainyRiver
1) Rainy River Resources Ltd. owns the Rainy River gold project located in northwest Ontario which hosts a large gold resource estimated at 4.41 million ounces of gold and 9.1 million ounces of silver in the measured and indicated categories.
2) A preliminary economic assessment outlines a 13+ year mine life with average annual production of 329,000 ounces of gold and 497,000 ounces of silver and cash costs of $553 per ounce over the life of the mine.
3) The project has an initial capital expenditure of $681 million and is estimated to have a net present value of $786 million, internal rate of return of 19.4%, and payback period of 3.4 years based
Vms nan chicago hard assets september 2012VMS Ventures
VMS Ventures has discovered high-grade copper deposits in Manitoba, Canada through exploration. It owns 30% of the Reed Copper deposit in a joint venture with Hudbay Minerals, which is carrying VMS to production. A prefeasibility study estimates the deposit contains over 2 million tonnes of copper. VMS also holds additional exploration properties in Manitoba's prolific Flin Flon-Snow Lake greenstone belt and has $10.5 million cash for further exploration.
The document discusses forward-looking statements and risk factors regarding LinnCo and LINN Energy. It states that any predictions in the presentation are based on management's experience and perceptions, but are subject to uncertainties and may not reflect actual future results. It also notes that market data in the presentation is as of September 28, 2012. The document then provides an overview of LINN Energy, stating that it is the 8th largest public MLP and has a large, diversified reserve base and development opportunities across its core operating areas in the United States.
This document contains forward-looking statements about Linn Energy's business and operations. It warns that actual results could differ materially from expectations due to assumptions, risks, and uncertainties. Some of the risks mentioned include financial performance, access to capital, commodity prices, replacing reserves, and regulations. The document provides an overview of Linn Energy as an oil and gas company with large reserves and development opportunities across many regions. It also discusses the company's history of growth through billions of dollars in acquisitions.
The document discusses VMS Ventures Inc., a junior mining exploration company focused on copper and nickel deposits in Manitoba, Canada and Greenland. Key points include:
- VMS has discovered the high-grade Reed Copper deposit in Manitoba through a joint venture with Hudbay Minerals. A prefeasibility study indicates strong economics for the project.
- VMS also owns a large land package in Manitoba and has flown extensive geophysical surveys to identify additional targets.
- VMS owns approximately 27 million shares of North American Nickel Inc., which is exploring a large land package in Greenland that shows potential to host world-class nickel deposits based on historical drilling results.
- Recent geophysical
- Newmont is the second largest gold mining company with approximately 46,000 employees and operations worldwide.
- The company's current growth potential is between 6-7 million ounces of gold production by 2017 through projects in various regions.
- However, delays to the Conga project in Peru due to community unrest have reduced the company's near-term growth outlook. Newmont is reviewing cost reduction opportunities for Conga to generate acceptable returns.
- Newmont has a strong balance sheet and investment grade credit ratings to support its profitable growth strategy through various projects in its pipeline.
VMS Ventures has discovered high-grade copper deposits in Manitoba, Canada through exploration of its land package in the prolific Flin Flon-Snow Lake Greenstone Belt. The company's flagship Reed Copper deposit contains over 2 million tonnes of 3.83% copper and is moving towards production through a joint venture with Hudbay Minerals, with VMS carrying 30% interest to production. VMS also holds additional exploration properties in the region through option agreements with Hudbay. The high-grade nature of the Reed deposit provides strong leverage for the project's economics at current copper prices.
This document provides information from Penn West Energy Trust's annual general meeting on June 8, 2010. It discusses Penn West's discovered petroleum initially-in-place volumes, forward-looking statements, and references to non-GAAP terms. The presentation focuses on restoring financial strength, emphasizing corporate responsibility, strengthening the management team, and prospects in key play areas like the Peace River and Cardium formations.
Norse Energy "Extraordinary General Meeting" Presentation - July 5, 2012Marcellus Drilling News
This corporate presentation by Norse Energy CEO Mark Dice provides an overview of the company's vision, core values, recent achievements and share performance, key business risks, asset values, project economics, 2012-13 business plan, funding requirements, and agenda for an upcoming EGM. The presentation highlights Norse Energy's balanced oil and gas portfolio, attractive project economics, plans to pursue partners and funding to develop assets in New York once regulatory approval is given, and a goal of achieving positive earnings within a few months of commencing drilling.
Ontario Graphite: Considerations for Financial Investors in Mining Operations as presented at Industrial Minerals Grapihte Conference in December 2011.
VMS Ventures is exploring for high grade copper deposits in Manitoba, Canada. It discovered the Reed Copper deposit through a joint venture with Hudbay Minerals. A prefeasibility study on Reed Copper found 2.2 million tonnes of 3.83% copper. VMS also owns properties in the Flin Flon-Snow Lake Greenstone belt that it is exploring through partnerships. Additionally, it owns shares in North American Nickel which is exploring for nickel deposits in Greenland and Ontario.
Cypress Development Corp. is a Nevada-based lithium exploration company. It has acquired lithium brine claims in Clayton Valley and Alkali Valley, Nevada near Albemarle's Silver Peak lithium mine. The company's management has extensive experience in mineral exploration and public company management. Cypress plans to conduct exploration including geophysics and drilling on its Clayton Valley claims in 2016 and to further evaluate the potential for lithium brines at its Alkali Valley project.
Commerce Resources Corp. is a mineral exploration and development company focused on developing its Upper Fir Tantalum and Niobium Deposit in British Columbia and exploring its Eldor Rare Earth Project in Quebec. The company has defined resources at its Upper Fir Deposit and is working to advance it to commercial production. It has also made a significant rare earth element discovery at its Eldor Project and is continuing exploration. Commerce aims to become a leading producer of tantalum, niobium, and rare earth elements to
Belmont Resources Inc. has acquired a lithium property in Nevada called the Kibby Basin Lithium Property, which it believes has potential to host lithium brines. Belmont plans to conduct an exploration program at the property this season to conduct geological and geophysical mapping and surface sampling. Rockstone Research is initiating coverage of Belmont and is looking forward to the start of the exploration program, as Nevada has infrastructure and permitting advantages for lithium exploration and production.
Champion Minerals Inc. is an advanced iron ore exploration and development company with projects located in Canada's principal iron ore district, the Labrador Trough. Its flagship project is the Fire Lake North Project, which has over 1.55 billion tonnes of iron ore resources. A preliminary economic assessment on Fire Lake North demonstrated it could be a viable project. Champion is also undertaking a 60,000+ meter drill program and feasibility study to further advance the project. The company has a strong capital structure and experienced management team to develop its projects.
Power breakfast presentation (edama) 4 12 2012EDAMA
This document discusses Shell's focus on innovation and delivering value through technology investments. It defines key terms and notes forward-looking statements are subject to risks. Shell spends over $1 billion annually on R&D, pioneering major projects to unlock challenging resources like oil sands, LNG, deepwater assets, and developing technologies for heavy oil, shale, arctic regions, and carbon capture. Examples provided include developing in situ conversion processes to unlock Jordan's significant shallow oil shale reserves while minimizing environmental impact. The path to commercializing new technologies involves exploration, appraisal, piloting projects, and final investment decisions.
This corporate presentation from Romarco Minerals discusses their Haile Gold Mine project in South Carolina. Key points include:
- The February 2011 feasibility study showed the project would have low capital costs (<$300 million) and operating costs (<$380/oz) making it one of the lowest cost gold projects.
- The open pit mine is planned to have a high grade of 2.06 g/t gold, which is higher than many other open pit mines.
- Romarco has a strong cash position of $115 million and no debt as of December 2011 as they advance permitting for the project targeting approval by the end of 2012.
- Exploration in 2011 discovered two underground targets at the
Teranga Gold Corporation presented at the BMO Capital Markets Conference in February 2013. The presentation provided an overview of Teranga's Sabodala gold mine in Senegal, its growth strategy, and operating results for 2012. Key points included record annual gold production of 214,310 ounces at total cash costs of $627 per ounce, increased profitability and cash balance, and a focus on growing reserves and production through exploration and potential acquisitions to become a mid-tier gold producer in West Africa. Teranga also discussed expanding the Sabodala mine life to 2020-2025 and increasing annual production to 400,000-500,000 ounces through further mill expansions.
The document discusses developing the King-king copper/gold deposit as a project for the Philippines. It would provide significant economic and social benefits to the country and local region. Key points include that the deposit contains over 5 billion pounds of copper and 10 million ounces of gold, and is one of the largest undeveloped deposits globally. The company has a 60% earn-in agreement and is currently in the permitting process, with milestones this year including submitting an environmental impact statement and completing a prefeasibility study. The project would create thousands of jobs and tax revenue while benefiting the local community.
American Lithium Investor Presentation: Exploration and development of lithiu...American Lithium Corp
American Lithium Corp is exploring and developing lithium deposits in the Americas. It has acquired over 13,000 acres in Fish Lake Valley, Nevada, which is analogous to the nearby Clayton Valley where lithium brines are produced. The company plans to advance its projects quickly and inexpensively in 2016 through gravity surveys, drilling, and brine testing to define lithium resources. It has an experienced management team with a track record of successfully developing major resource projects.
Avion Resources is a new gold producer in West Africa with exploration upside. In less than one year, Avion acquired an existing producer at a discount, completed drilling, developed a new mine plan, and began production. Avion has also announced acquisitions increasing its gold resource and initiated expansion studies to increase production to 200,000 ounces annually. Avion provides exposure to the secular gold bull market as a well-funded, regional consolidator in West Africa.
Rainy River Resources Ltd. Corporate Presentation - February 2012RainyRiver
1) Rainy River Resources Ltd. owns the Rainy River gold project located in northwest Ontario which hosts a large gold resource estimated at 4.41 million ounces of gold and 9.1 million ounces of silver in the measured and indicated categories.
2) A preliminary economic assessment outlines a 13+ year mine life with average annual production of 329,000 ounces of gold and 497,000 ounces of silver and cash costs of $553 per ounce over the life of the mine.
3) The project has an initial capital expenditure of $681 million and is estimated to have a net present value of $786 million, internal rate of return of 19.4%, and payback period of 3.4 years based
General Moly is seeking full financing for its Mt. Hope molybdenum mine project in Nevada. It has received key permits and updated the feasibility study, with engineering 64% complete. The company is working to secure a Chinese strategic partner to advance a Chinese bank loan and complete project financing. Once financing is in place, heavy construction can begin with first production targeted for 2015. Molybdenum is a strategic metal with growing demand driven by increasing steel usage, especially in China.
This document provides a cautionary statement for a corporate presentation by Romarco outlining forward-looking statements and estimates. It qualifies all scientific and technical information as being extracted from technical reports for the Haile Gold project from March 2012. The document cautions that actual results may differ from forward-looking statements due to risks and uncertainties. It also notes that inferred resources have uncertain existence and economic feasibility under US standards.
Rainy River Resources Ltd. Corporate Presentation - PDAC March 2012RainyRiver
The document provides an overview of Rainy River Resources Ltd. and its Rainy River Gold Project located in Ontario, Canada. Some key points:
- The project has a base case potential of producing 329,000 ounces of gold annually over a 13+ year mine life at a cash cost of $553/ounce.
- An updated mineral resource estimate in February 2012 showed measured and indicated resources of 5.72 million ounces of gold and inferred resources of 2.25 million ounces.
- The company has a proven management team with extensive experience in mine development and financing.
- An updated preliminary economic assessment is planned for the second quarter of 2012 to incorporate the increased mineral resources.
Rainy River Resources Ltd. Corporate Presentation - PDAC 2012RainyRiver
Rainy River Resources is defining Canada's newest gold district in northwestern Ontario with its Rainy River Gold Project. The project has a base case potential of producing 329,000 ounces of gold and 497,000 ounces of silver annually over a 13-year mine life based on its preliminary economic assessment. The project has opportunities for growth through exploration upside, resource expansion, and potential improvements to recoveries and mine planning. Rainy River Resources has a strong management team with experience building and financing mines and is well positioned to continue de-risking the project as it advances towards permitting and production.
A 22 slide overview of BeMetals' exciting gold exploration in Japan and our copper "battery metal" exploration on the western extension of the Zambian Copperbelt.
Rainy River Resources Ltd. Corporate Presentation - April 2012RainyRiver
The document provides an overview of Rainy River Resources Ltd. and its Rainy River Gold Project located in Ontario, Canada. Key points include:
- The project has a base case potential of producing 329,000 ounces of gold annually over a 13+ year mine life at a cash cost of $553/ounce.
- An updated preliminary economic assessment in Q2 2012 will include increased measured and indicated resources of 5.66 million ounces of gold.
- The company has a proven management team with extensive experience developing and financing gold mines.
- Exploration continues to expand the resource organically within the land package.
The document provides an overview of the BlackRock Metals project, which includes:
- A permitted vanadium mine and concentrator in Chibougamau, Quebec with a metallurgical facility planned for Port Saguenay.
- The project is targeting production of merchant pig iron, vanadium, and titanium and would supply these critical minerals to North America.
- Key infrastructure is in place including access to rail, port, low-cost power, and agreements with local communities and governments.
A 25 slide overview of BeMetals' exciting gold exploration in Japan, its zinc focused development asset in Idaho and their tier 1 targeted copper exploration on the western extension of the Zambian Copperbelt.
A 25 slide overview of BeMetals' exciting gold exploration in Japan, its zinc focused development asset in Idaho and their tier 1 targeted copper exploration on the western extension of the Zambian Copperbelt.
Stornoway Diamond Corporation is building Quebec's first diamond mine, the Renard Diamond Project. Construction began in July 2014 and is on schedule and on budget. Commercial production is planned to begin in Q2 2017. The mine will utilize open pit and underground mining over an 11 year mine life based on current reserves, with potential to significantly extend the mine life through exploration. The project is fully financed and permitted to develop Quebec's first diamond mine.
BeMetals Presentation - January 4, 2022DerekIwanaka1
A 22 slide overview of BeMetals' exciting gold exploration in Japan, its zinc focused development asset in Idaho and their tier 1 targeted copper exploration on the western extension of the Zambian Copperbelt.
This document provides an overview of BeMetals Corp., a base and precious metals exploration and development company. Key points include:
- BeMetals is led by an experienced management team with a proven track record of mine discoveries and operations.
- The company is well financed with over $31 million raised to date, including $14 million from strategic investor B2Gold Corp.
- BeMetals' project portfolio includes the Kazan Gold Project in Japan, the Pangeni Copper Project in Zambia, and the South Mountain Zinc Project in Idaho.
- Exploration is ongoing at all projects with catalysts expected from drilling results at the Kazan and Pangeni projects in 2022
Similar to General Moly at John Tumazos Metals & Mining Conference (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.
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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.
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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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MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
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General Moly at John Tumazos Metals & Mining Conference
1. Mining Done Right
John Tumazos Very Independent Research Metals & Mining
Conference
October 3, 2012
David A. Chaput
Chief Financial Officer
2. Cautionary Statements
This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such
sections. Such forward-looking statements include, without limitation, (i) estimates of future molybdenum prices, supply, demand and/or
production; (ii) estimates of future cash costs, direct operating costs, costs applicable to sales (CAS), or royalty payments; (iii) estimates of
future capital expenditures; (iv) estimates regarding timing of permitting, future development, construction or production activities; (v)
statements regarding cost structure, project economics, or competitive position, and (vi) statements comparing Mt. Hope to other mines,
projects, or metals. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or
belief is expressed in good faith and believed to have a reasonable basis However forward looking statements are subject to risks
basis. However, forward-looking risks,
uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by
such forward-looking statements. These risks and uncertainties include, but are not limited to, metals price and production volatility, global
economic conditions, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in
mining plans, exploration risks and results, political, operational and project development risks, including the Company’s ability to obtain
required permits to commence production and its ability to meet conditions precedent required to complete the Hanlong financing, adverse
g
governmental regulation and j
g judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company’s Annual
p y
Report on Form 10K, which is on file with the Securities and Exchange Commission, as well as the Company’s other SEC filings. The
Company does not undertake any obligation to release publicly revisions to any “forward-looking statement,” to reflect events or
circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under
applicable securities laws.
Cautionary Note to U.S. Investors Concerning Estimates of Reserves and Resources
Calculations with respect to "proven reserves" and "probable reserves" referred to above have been made in accordance with, and using
the definitions of National Instrument 43-101, as required by Canadian securities regulatory authorities. For United States reporting
purposes, the U.S. SEC applies a different standard in order to classify mineralization as a "reserve". Under SEC standards, mineralization
may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally
extracted or produced at the time the reserve determination is made. No such determinations have been made with respect to any
mineralization at the Liberty project, and it cannot be assured that such a determination will be made. This release also uses the terms
“measured”, “indicated” and “inferred” resources We caution U.S. investors that while such terms are recognized and required by
measured indicated inferred resources. US
Canadian Securities Administrators pursuant to the National Instrument 43-101, the SEC does not recognize them. U.S. investors are
cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. “Inferred
Resources”, in particular, have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under
Canadian Securities Administration rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility
studies. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.
2
3. General Moly: Who We Are
Near-term producer
N t d • Mt Hope: a large and high-grade moly project
Mt.
of molybdenum with • Liberty: a follow-on moly & copper project to
two world-class grow General Moly into the largest pure-play
p j
projects primary moly producer in the world
• Up to $870 million financing arrangement with
Co pa y supported
Company suppo ed Hanlong1
g
through significant
• 20% Mt. Hope Joint Venture with POSCO
strategic partnerships
• Off-take 100% committed for first five years
• Significant State Permits already received
(Water, Air)
Significant Catal sts
Catalysts • Other State Permits to be granted H2 2012
Anticipated in 2012 (Water Pollution, Reclamation)
• Federal Permits (ROD) to be granted H2 2012
• $930 million in financing (Debt, Equity, JV) to be
closed
3
1. Contingent upon Conditions Precedent contained within Hanlong Transaction occurring, includes $665 CDB term loan, $40mm direct equity investment, plus
up to $125 sub-debt facility per non-binding LOI.
4. Mt. Hope – A World-Class Moly Project
Winnemucca Battle Elko Wells
Mountain
Carlin
Mt.
Reno
R Hope
H
Austin Eureka Ely
• Access to infrastructure, labor
Mining-friendly
g y & support services Tonopah
location in Nevada
USA • Near many operating mines
• Annual production of 40M lbs1
Process grades of 0 1% M 1
• P d f 0.1% Mo
Large scale project
with high Mo grades • 1.3 billion pounds moly contained in Proven &
and low costs Probable Reserves
• C h costs of $ 29 per pound M 1 – well positioned
Cash f $5.29 d Mo ll ii d
on cash cost curve
• Bankable Feasibility Study completed with recently
Advanced stage of revised capital estimate of $1.284 billion
development
• Engineering more than 60% complete
• $197M spent on permitting, long-lead equipment 4
1. Average over the first five years of operations
5. Liberty - A Second World-Class Moly Project
Winnemucca Battle
Elko Wells
Mountain
Carlin
Reno
Austin Eureka Ely
Tonopah
A previous producing • Anaconda operated 1982-1985 Liberty
mine of moly and
copper • Cyprus Minerals operated 1988-1991
• Canadian Reserves containing 739M lbs Mo and
893M lbs Cu
Pre-feasibility study • Production of 20M lbs Mo and 17M lbs Cu over first
completed November 5 years at costs of $5.70/lb Mo1
2011 • 42 year mine life
• After-tax NPV 8% of $538 million2, IRR of 19.7%
5
1. Costs estimated using $2.50/lb Cu byproduct credits. See November 2011 43-101 Report on SEDAR for more information
2. NPV estimated using $15/lb Mo and $2.50/lb Cu, discounted at 8%
6. Project and Financing Timeline
Approval of baseline studies
pp September 2008
p
Approval of hydrology reports June 2010
Publish Preliminary Draft EIS August 2010
Receive first $40M equity December 2010
tranche from Hanlong
December 2011
Publish Draft EIS
March 1, 2012
Conclude Public Comment Period
NV State Air Permit Receipt May 30, 2012
NV State Court Denies Water Appeal June 14, 2012
Revised Capital estimate and August 1, 2012
1
Hanlong LOI
Completion of Preliminary FEIS September 5, 2012
Receive Final Permits (ROD) H2 2012
Receive ~$100M from POSCO
Access $665M Chinese Bank Loan ROD + 3 months target
Receive final $40M equity tranche from Hanlong
Initiate Construction
6
Commence Production 20-24 months construction
7. General Moly Partnerships
• POSCO 3rd largest global steel producer
POSCO,
• 20% Joint Venture Partner at Mt. Hope project
• $156M buy-in values Mt. Hope at $780M
• H l
Hanlong, Chi
Chinese conglomerate
l t
• Privately held, not state-owned
• $870M financing package to fully fund project
• Will become largest GMO shareholder, customer
• APERAM, former stainless division of ArcelorMittal
• GMO’s 2nd largest shareholder, 2nd largest customer
• Bought shares at $8.50 in late 2007
• Other Customers
• SeAH Besteel & Sojitz have off-take agreements
• Total sales fully committed for first five years of operations
• Half of sales contain hard floor prices between $14.00-$15.00/lb with ~80% upside participation
above floor
7
1. Contingent upon Conditions Precedent contained within Hanlong Transaction occurring
8. Off-Take 100% Committed – First 5 Years
1. Hanlong (March 2010)
• 16.5M lb off-take over first five years,
additional rights LOM1
• 25% of off-take contains floor prices,
75% near spot1
2. APERAM2 (Nov 2007)
• 6.5M lb (+/- 10%) off-take agreement
for five years with floor price
protection3
t ti
• 3.0M lb off-take option for years 6-15,
requires 10% FD ownership of GMO
3. SeAH Besteel (May 2008)
( y )
• 4.0M lb (+/- 10%) off-take agreement
for five years with floor price
protection3
15.5M annual pounds committed with price protection
4.
4 Sojitz Corporation (Aug 2008) that includes:
• 1.0M lb off-take agreement for five • A hard floor price between $14.00-$15.00 per
years with floor price protection3,4 pound on average;
• 4.0M lb off-take agreement for five • PPI escalation annually;
years near spot3 4
3,4
• A modest discount to customer above floor price
1. Contingent upon completion of Hanlong transaction
2. APERAM was the stainless steel division of ArcelorMittal and was spun off as a separate public company as of January 25, 2011 8
3. Off-take agreements begin only when Mt. Hope reaches certain levels of commercial production and do not require General Moly to deliver product other than its own.
4. The Sojitz agreement is effective upon General Moly delivering production by January 2013; after January 2013, Sojitz has the option of continuing the contract.
9. Molybdenum Overview
• Essential metal for modern industry
• Industrial requirements demand better steels
q
• Strengthens steel, improves weldability, reduces brittleness, helps steel
perform in very high or very low temperatures
• Applications for energy, pipeline development, nuclear power plants,
desalination, refineries, catalyst for high sulphur fuels, motor vehicles
• Powerful anti-corrosive alloy for stainless and alloy steels
anti corrosive
• Molybdenum is vital in the products in which it is used with few
economical substitutes
• Moly demand is relatively price inelastic
9
10. Moly Demand Growth Projected to be Robust
• Moly demand to grow +30M lbs per year or approximately 128M lbs by
year,
2015 when Mt. Hope projected to be in full production.
• Moly use recovered and grew 18% in 2010 and 13% in 2011 (IMOA)
• Demand forecast to grow 5.5% CAGR through 2020 to reach over 800
million pounds annually
• Supported by global steel demand growth (~3.5% CAGR) and growing
intensity of use
World Moly Demand
1,000
869
800
600 537
400
200
0
2011p 2012p 2013p 2014p 2015p 2016p 2017p 2018p 2019p 2020p
10
11. Energy Complex Key to Demand
• Moly use is 40% energy related
with Transportation consuming
another 20%
• More sophisticated energy
production and transportation
driving moly use
• Examples include:
• Shale Gas Production
• Off-shore / deep-ocean oil production
• LNG development
• JP Morgan forecasts $30 trillion
to be spent globally on energy
energy-
supply infrastructure by 2035
• JP Morgan says Mo one of 5 key
commodities for 21st century1 Source: SMR Research
1. Commodities include Moly, Cobalt, Lithium, Indium, & Helium
11
12. China Use to Drive Global Demand
• China consumes ~31% of moly consumed today, while consuming 45-50%
31% 45 50%
of Aluminum & Copper consumed today
• China also produces & consumes 45-50% of global steel
• China focused on increasing stainless & specialty steel products
• $23 billion in new steel facilities approved
• JPMorgan forecasts China commodity consumption to approach 65% of
global consumption in next 10 20 years
10-20
China’s Share of Commodity Use Today & in 20 Years
70%
65%
60%
50% 45-50%
40%
31%
30%
20%
10%
0%
China Moly 2011 China Al, Cu, & Steel China 2020-2030 12
Source: IMOA, JP Morgan Research 2011 Commodity
13. Marginal Cost Limits Price Downside
$40
Historic Moly Prices
(January 2008 - September 2012)
$35
$30 Strong global
growth supports
$30+ /lb moly
prices
$25
Financial crisis
causes prices to
collapse
$20
Global uncertainty
cause prices to drift
sideways
y
$15
Marginal Cost of
Chinese Production
$10 Ex-China demand recovery supports prices Softer macro
further environment
weakens demand
offset by supply
Chinese buying & reductions in China
$5
marginal production
shuttered support
price recovery
$0
Source: Ryan’s Notes, Company Estimates
13
14. CPM Near-Term Price Forecast
• “A balanced market with price upside tied to Supply & Demand
A
Fundamentals”
• Declining inventory levels
• Price forecast in the $15-$20 range through 2014
Source: CPM Group
14
Source: CPM Group
15. General Moly Capital Structure
Stock on Issue
Shares Outstanding 91.2 M GMO Share Price, Volume
Sh Pi V l
Warrants1 1.0 M (Rolling One Year)
Equity Compensation1 3.3 M
$5 4
Diluted Shares 95.5 M
Balance Sheet (6/30/2012) 3.5
Cash on Hand 28 M
Debt 10 M $4
3
Top Owners
1. Hanlong 11.88M shares 13.0% FD
$/sh)
2. Coghill Capital Mgmt
g p g 8.55M shares 9.4% FD 2.5
Volume, Millions
s
GM Share Price ($
3. APERAM 8.26M shares 9.1% FD $3
4. Vanguard Group 3.63M shares 4.0% FD
5. BlackRock Trust Co. 3.62M shares 4.0% FD
2
6. Harbinger Group 1.40M shares 1.5% FD
7. Dimensional Fund 1.34M shares 1.5% FD
8. David Russell 1.29M shares 1.3% FD $2
MO
9.
9 Bruce Hansen 1.20M
1 20M shares 1.3%
1 3% FD 1.5
15
10. State Street Global 1.91M shares 1.3% FD
Analyst Coverage 1
Bank of America Merrill Lynch David Forster $1
CIBC Ian Parkinson
Dahlman Rose Anthony Young
y g 0.5
05
John Tumazos VIR John Tumazos
RBC Fraser Phillips
Stifel Nicolaus Paul Massoud $0 0
Average Target Price $4.26 per share
Insider Ownership
Directors & Mgmt 16.84M shares2 17.6% FD
1. Includes warrants and equity compensation that are “out of the money” 15
2. Actual ownership; does not include non-exercised equity compensation. Includes Hanlong’s shares
16. General Moly Overview
Two world-class molybdenum assets
Mt. Hope – One of the largest and highest-grade moly assets
Near-term Producer ✖
currently under development
Liberty – a solid follow-on project to make General Moly the
Meaningful Follow-on Project ✖
largest primary moly producer in the world
Properties in Mining Friendly Both assets located in Nevada, USA
Jurisdictions ✖
Significant Strategic Partnerships ✖ Partnerships with Hanlong, POSCO, APERAM, SeAH Besteel
and Sojitz Corporation support financing and off-take
Substantial Off k A
S b i l Off-take Agreements ✖ 100% committed first five years
itt d fi t fi
Full permit receipt anticipated H2 2012
Permitting Program Progressing ✖
Compelling Valuation ✖ Trading at 20-25% of NPV @ $15/lb moly
Transaction with Hanlong provides substantially all funding
Financing Arranged ✖ required for Mt. Hope development1; Expect ~$930 million in
financing t close after permits received l t thi year
fi i to l ft it i d later this
16
1. Contingent upon Conditions Precedent contained within Hanlong Transaction occurring
18. Experienced Team - Management
•CEO at General Moly since 2007.
Bruce Hansen •Previously served in multiple executive roles at Newmont Mining including Chief
Financial Officer and Senior VP, Operations Services & Development. Prior to that,
Chief Executive Officer was Senior VP of Corporate Development for Santa Fe Pacific Gold.
Dave Chaput •CFO at General Moly since 2007.
•More than 30 years of financial and operational experience in the metals and mining
y p p g
Chief Financial Officer industry, previously serving as CFO of The Doe Run Resources Corporation.
Bob Pennington •25 years experience in plant operations and 6 years in design engineering firm.
•Previously served as general manager of one of the largest open-pit/concentrator
Chief Operating Officer operations in the world, the Phelps Dodge Morenci mine in Arizona.
Lee Shumway •Joined General Moly in 2007; has served as Controller and Treasurer since 2009.
•Formerly the Director of Supply Chain - Nevada Operations for Newmont Mining; prior
Controller roles with Santa Fe Pacific Gold and Price Waterhouse.
Pat Rogers •25 years industry experience, including extensive work within the state of Nevada.
•Previously served as Operations Environmental Permitting Manager with Newmont
VP Permit. & Env. Compliance Mining.
•30 years of mining experience, predominately in Nevada.
Mike Iannacchione •Previous positions include Operations Manager at Goldcorp’s Marigold Mine and
Goldcorp s
General Manager at Round Mountain Mine, a Barrick Gold and Kinross Gold Joint
VP & GM Mt. Hope Venture.
Fred Zumwalt •25 years mining experience, primarily with Phelps Dodge and Freeport McMoran.
•Previously served as Assistant General Manager of Concentrator Operations at Cerro
y g p
Mt. Hope Mill Manager Verde, a large copper and molybdenum mine in Peru.
Randy Johnson •38 years mining experience with Santa Fe Pacific Gold, North American Coal Co.,
TXU/Luminant Mining and Westmoreland Coal Co. 18
Mt. Hope Mine Manager •Previously served as General Manager of the Kemmerer Mine in Wyoming.
19. Permitting Mt. Hope in Nevada, USA
Permitting in Nevada: Permitting Advantages for Mt. Hope
Mt
project:
1. Top-ranked US mining jurisdiction
1. No Threatened or Endangered
& top 10 ranked global mining
Species
S i
jurisdiction (Fraser Institute).
2. No sacred Native American sites
2. Nevada has long mining history
with no permits denied in last 20 3. No wetlands or Waters of the US
years (limits EPA involvement)
4.
4 Experienced permitting team led by
3. US BLM committed to reducing Pat Rogers (ex-Newmont)
agency delays
4. Battle Mountain Division of BLM
has approved many large mines
(ABX, NEM)
5. Supportive State and Federal
19
Government Representatives
20. China Development Bank
CDB L
Loan P
Process
Major loan terms confirmed (Feb 2012)
• $665 million term loan with CDB lending 60% & syndicating balance
g y g
• 12 years including 30-month grace period for construction
• Hanlong corporate guarantee
• Customary loan covenants, security terms
CDB hiring Western counsel (March 2012)
• GMO uses Shearman & Sterling
Detailed term sheet negotiations (May-October)
Final loan documentation & approvals (October-December)
Loan Availability (Post ROD)
20
21. Mt. Hope Financing – Funding Sources &
Uses
Sources $m Uses $m
Eureka Moly: Eureka Moly
21
As of June 30, 2012
22. Water Rights History
Mt. Hope water right history
p g y Mt. Hope Water Well Map
• Project requires ~7,000 gpm fresh water for
milling operations
• Company purchased from existing water holders
in Kobeh Valley, essentially all available water
rights, sufficient for project water requirements
• Nevada State Engineer granted us water
permits in March 2009. That ruling was
successfully appealed in a Nevada District Court
in April 2010
Mt. Hope Water Impact Map
• Company re applied for water rights and
re-applied
Nevada State Engineer granted the applications
in a second ruling in July 2011
• That ruling has again been appealed and a court
hearing
h i was h ld A il 3 2012
held April 3, 2012.
• Nevada State District Court affirmed the State
Engineer’s ruling in all respects June 14, 2012
• Two parties appeal to NV Supreme Court
GMO considers appeals w/o merit
22
23. Equipment Procurement Status
• Approximately $67m paid on commitments for
$164 million in equipment orders
• Major milling equipment secured: Own or have
orders in place for Mt. Hope crusher, SAG mill &
ball mill mill drives, and roaster equipment
mill, drives
• Made $75 commitment to Caterpillar for haul fleet
and support equipment, including 18 CAT 793F
haul trucks
• Have letter of intent in place for large electric
mining shovels
• 4 Atlas Copco mine drills ordered
• As progress on permitting and financing
continues, will place orders for remainder of
equipment.
23
24. Moly Use: First vs. Second
24
Source: SMR Research Source: SMR Research
25. High Levels of Energy Investment
25
Source: JP Morgan Research