Reservoir Minerals Inc. is a Canadian project generator company focused on managing exploration risk through multiple early stage exploration projects in diverse metals and locations in Europe and Africa. Their business model is to fund initial exploration to create value, then introduce joint venture partners to fund further exploration in exchange for project equity. Their key project is a joint venture in Serbia called the Timok Project, where they discovered the Cukaru Peki deposit estimated to contain 65.3 million tonnes at 2.6% copper and 1.5 g/t gold. Reservoir is well funded with $48 million in treasury and managed by an experienced exploration team.
Reservoir Minerals Inc. is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. The company has three joint ventures in Serbia exploring for copper and gold, including the Timok Project with Freeport-McMoRan where a 65.3 million tonne inferred resource was discovered. Reservoir is well funded with $44 million in treasury and aims to continue step-out drilling, define new targets, and seek partners to advance its 100% owned projects.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a significant copper-gold discovery called Cukaru Peki was made. The Cukaru Peki discovery has an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport has sole funded the project through a bankable feasibility study in exchange for increasing its ownership to 75%. Reservoir retains a 25% interest and access to all technical and financial data from the project.
Reservoir Minerals is a Canadian project generator focused on copper and gold exploration in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a large copper-gold discovery has been made under sedimentary cover. Reservoir is well funded with $16 million in treasury and is moving the Timok discovery towards resource definition and a pre-feasibility study at no cost to the company.
Reservoir Minerals is a Canadian-listed project generator company focused on managing exploration risk through multiple projects in Europe and Africa. Their business model involves creating initial value through discovery, then introducing joint venture partners to fund further exploration in exchange for project equity. Their flagship project is located in Serbia, where they have made a significant copper-gold discovery at Cukaru Peki in a joint venture with Freeport-McMoRan. Freeport has sole funded the project through a feasibility study in exchange for increasing their stake to 75%. Reservoir also has additional projects in Serbia through joint ventures with Rio Tinto and Orogen Gold, and is well funded with over C$32 million in treasury.
The document discusses Reservoir Minerals, a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It highlights the company's two joint ventures in Serbia - the Timok Project copper/gold exploration with Freeport-McMoRan and the Deli Jovan gold project with Orogen Gold. At the Timok Project, Reservoir and Freeport have made a significant discovery called Cukaru Peki, with an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport is sole funding the project through a feasibility study in exchange for increasing its ownership to 75%. The document provides details on the
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Their business model involves early introduction of joint venture partners to fund exploration after initial value has been created. Reservoir currently has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they discovered the Cukaru Peki deposit of 35Mt at 2.9% copper and 1.7g/t gold. A preliminary economic assessment showed promising economics for an initial starter mine on high grade portions of the deposit followed by a larger mine on the remaining resources. Reservoir is well capitalized with $27 million and their projects show potential for new discoveries and district-
Reservoir Minerals has discovered copper-gold mineralization at its Cukaru Peki project in Serbia through a joint venture with Freeport-McMoRan. Drilling has outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. The mineralization consists of high-grade massive sulphide and lower-grade porphyry-style mineralization. A scoping study will evaluate mining options for the high-grade zone, which has the potential to contain direct shipping ore. Further drilling will aim to expand the porphyry-style mineralization. Under the terms of the joint venture, Freeport can earn up to 75% by
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. It has three joint ventures in Serbia exploring for copper and gold, including the Cukaru Peki discovery with Freeport-McMoRan. Drilling at Cukaru Peki outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Reservoir is well funded with $37 million in treasury and aims to create initial value from discoveries before introducing partners to fund further exploration.
Reservoir Minerals Inc. is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. The company has three joint ventures in Serbia exploring for copper and gold, including the Timok Project with Freeport-McMoRan where a 65.3 million tonne inferred resource was discovered. Reservoir is well funded with $44 million in treasury and aims to continue step-out drilling, define new targets, and seek partners to advance its 100% owned projects.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a significant copper-gold discovery called Cukaru Peki was made. The Cukaru Peki discovery has an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport has sole funded the project through a bankable feasibility study in exchange for increasing its ownership to 75%. Reservoir retains a 25% interest and access to all technical and financial data from the project.
Reservoir Minerals is a Canadian project generator focused on copper and gold exploration in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a large copper-gold discovery has been made under sedimentary cover. Reservoir is well funded with $16 million in treasury and is moving the Timok discovery towards resource definition and a pre-feasibility study at no cost to the company.
Reservoir Minerals is a Canadian-listed project generator company focused on managing exploration risk through multiple projects in Europe and Africa. Their business model involves creating initial value through discovery, then introducing joint venture partners to fund further exploration in exchange for project equity. Their flagship project is located in Serbia, where they have made a significant copper-gold discovery at Cukaru Peki in a joint venture with Freeport-McMoRan. Freeport has sole funded the project through a feasibility study in exchange for increasing their stake to 75%. Reservoir also has additional projects in Serbia through joint ventures with Rio Tinto and Orogen Gold, and is well funded with over C$32 million in treasury.
The document discusses Reservoir Minerals, a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It highlights the company's two joint ventures in Serbia - the Timok Project copper/gold exploration with Freeport-McMoRan and the Deli Jovan gold project with Orogen Gold. At the Timok Project, Reservoir and Freeport have made a significant discovery called Cukaru Peki, with an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport is sole funding the project through a feasibility study in exchange for increasing its ownership to 75%. The document provides details on the
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Their business model involves early introduction of joint venture partners to fund exploration after initial value has been created. Reservoir currently has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they discovered the Cukaru Peki deposit of 35Mt at 2.9% copper and 1.7g/t gold. A preliminary economic assessment showed promising economics for an initial starter mine on high grade portions of the deposit followed by a larger mine on the remaining resources. Reservoir is well capitalized with $27 million and their projects show potential for new discoveries and district-
Reservoir Minerals has discovered copper-gold mineralization at its Cukaru Peki project in Serbia through a joint venture with Freeport-McMoRan. Drilling has outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. The mineralization consists of high-grade massive sulphide and lower-grade porphyry-style mineralization. A scoping study will evaluate mining options for the high-grade zone, which has the potential to contain direct shipping ore. Further drilling will aim to expand the porphyry-style mineralization. Under the terms of the joint venture, Freeport can earn up to 75% by
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. It has three joint ventures in Serbia exploring for copper and gold, including the Cukaru Peki discovery with Freeport-McMoRan. Drilling at Cukaru Peki outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Reservoir is well funded with $37 million in treasury and aims to create initial value from discoveries before introducing partners to fund further exploration.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Its key project is the Timok Magmatic Complex in Serbia, a large copper-gold porphyry system. Reservoir has made a high-grade discovery at Cukaru Peki within Timok in a joint venture with Freeport-McMoRan. A preliminary economic assessment estimates the project could generate over $1.5 billion in after-tax NPV. The discovery demonstrates the potential for development of a low-cost, high-margin mine with significant exploration upside remaining. Reservoir is well funded with $27 million in treasury to advance its projects.
The document summarizes Reservoir Minerals Inc., a Canadian project generator company focused on managing exploration risk through multiple early-stage mineral exploration projects in Europe and Africa. It holds two joint ventures in Serbia - the Timok Project (copper/gold) with Freeport-McMoRan, which includes the Cukaru Peki discovery of 65.3Mt at 2.6% copper and 1.5g/t gold, and the Deli Jovan (gold) project with Orogen Gold. The company is well capitalized with $34.5 million in treasury and uses joint ventures to fund exploration after initial value creation, maintaining exposure to discovery upside.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It has three joint venture projects in Serbia, including the Timok Project which is a JV with Freeport-McMoRan. At the Timok Project, a 65.3 million tonne inferred copper-gold resource was discovered at Cukaru Peki, located near existing mining infrastructure. Reservoir Minerals has a well-funded treasury and is well positioned to continue advancing its projects with partner funding.
Reservoir Minerals provides a summary of its business model, projects, and outlook. It operates as a project generator focused on managing exploration risk through multiple early-stage prospects. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they discovered the Cukaru Peki deposit containing 65.3Mt at 2.6% copper and 1.5g/t gold. Freeport will sole fund a feasibility study for 75% ownership. Reservoir also holds 100% of other prospects and seeks partners to advance exploration. It is well funded with $34.5 million and sees potential for expanding the Cukaru Peki discovery and making new proximal discoveries
Reservoir Minerals is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. Their business model involves initially exploring projects alone to create value, then introducing joint venture partners to fund further exploration in exchange for project equity. Currently they have three joint ventures in Serbia exploring for copper and gold. Their largest project is a joint venture with Freeport-McMoRan at Timok, Serbia, which has discovered the Cukaru Peki deposit containing 65.3 million tonnes at 2.6% copper and 1.5 g/t gold. Reservoir also holds 100% of several other exploration licenses near Timok with discovery potential. The company is well funded with $42 million
Reservoir Minerals is a Canadian-listed project generator company focused on copper and gold exploration in Europe and Africa. In Serbia, the company has made a blind discovery of potential copper-gold mineralization at its Timok project through a joint venture with Freeport-McMoRan. Step-out and in-fill drilling is ongoing to define the limits of the mineralized system. In Africa, Reservoir is exploring for large gold deposits in Cameroon and Gabon through soil sampling and trenching. The company is well funded with $18 million in treasury to advance its projects.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It currently has two joint venture projects in Serbia exploring for copper and gold, as well as early stage gold exploration projects in Cameroon and Gabon. A key project is a joint venture in Serbia's Timok Magmatic Complex, where recent drilling has made a discovery of potentially large copper-gold mineralization preserved under sedimentary cover. Reservoir plans to continue step-out and in-fill drilling to define this discovery while also seeking partners for its other projects.
Reservoir Minerals is a Canadian-listed project generator company focused on managing exploration risk through multiple early-stage exploration projects in Europe and Africa. In Serbia, the company has two joint ventures, including one with Freeport-McMoRan that has made a blind discovery of potentially large copper-gold mineralization at the Timok project. Reservoir is well funded with $19 million in treasury to advance its projects through exploration and seek additional partnerships.
- Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage exploration projects in Europe and Africa.
- They have two joint ventures in Serbia, including one with Freeport McMoRan where drilling has resulted in copper and gold discoveries near existing mines.
- The presentation discusses these projects and discoveries in Serbia, as well as Reservoir's strategy to continue exploration and seek additional partners.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It has three joint venture projects in Serbia, including the Timok Project which is being advanced with partner Freeport-McMoRan. Drilling at the Timok Project led to the Cukaru Peki discovery, containing 65.3 million tonnes at 2.6% copper and 1.5 g/t gold in the inferred resource category. The deposit is located near existing mining infrastructure and has characteristics that could support successful development. Reservoir also holds other properties with exploration potential in the Timok Magmatic Complex of Serbia.
Reservoir Minerals is a Canadian project generator focused on managing exploration risk through multiple early stage projects in Europe and Africa. In Serbia, it has two joint ventures, including the Timok project with Freeport-McMoRan where drilling has discovered a large copper-gold system. Reservoir is also exploring for gold in Cameroon and Gabon through soil sampling, trenching and drilling. The company is well funded with $16 million in treasury and seeks to introduce partners to advance projects after initial value creation.
This document provides an overview and corporate presentation for Champion Iron Mines Ltd., which is developing the next major iron ore mine in the Labrador Trough region of Canada. The presentation summarizes a preliminary feasibility study conducted for the Consolidated Fire Lake North Project, which indicated an average annual production rate of 9.3 million tonnes of iron concentrate over a 20-year mine life. It also outlines the company's mineral resource estimates totaling over 5 billion tonnes of iron ore across its properties in the region. The presentation is aimed at investors and provides details on the project economics, infrastructure advantages, management team, and development timeline.
Reservoir Minerals is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. In Serbia, the company has a joint venture with Freeport-McMoRan that has made a new copper and gold discovery through drilling. Reservoir is well funded with $20 million in treasury and seeks to define the limits of the mineralized system in Serbia while advancing other 100% owned projects through partnerships or new permit applications.
Champion Iron Mines is developing the Consolidated Fire Lake North (CFLN) Project, a major iron ore mine in the Labrador Trough region of Quebec. A prefeasibility study for CFLN estimates average annual production of 9.3 million tonnes of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. CFLN has mineral resources totaling 5.1 billion tonnes and is located near existing rail and port infrastructure that services other producers in the established Fermont iron ore district. Champion aims to capitalize on positive long-term iron ore market fundamentals and Quebec's low-cost operating environment to bring CFLN into production.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Their main project is a joint venture in Serbia with Freeport-McMoRan called the Timok Project, which includes the Cukaru Peki copper-gold discovery. Drilling at Cukaru Peki has outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. A scoping study is underway to evaluate mining the high-grade massive sulphide zone and developing the larger porphyry-style lower zone. Reservoir is well funded with $35 million in treasury and seeks to introduce partners to fund exploration
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage exploration projects in Europe and Africa. Their business model is to create initial value through discovery and then introduce joint venture partners to fund further exploration in exchange for project equity. Their flagship project is a joint venture in Serbia called Timok, where they have discovered the Cukaru Peki copper-gold deposit in partnership with Freeport-McMoRan. The deposit contains an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport is sole funding the project through a feasibility study in exchange for increasing their stake to 75% of the project. Reservoir
Reservoir Minerals is a Canadian project generator company focused on managing copper and gold exploration risks through multiple projects in Europe and Africa. Their business model is to fund initial exploration to create value, then introduce joint venture partners to fund further development in exchange for project equity. Reservoir currently has three joint ventures in Serbia, including a discovery of 65.3 million tonnes at 2.6% copper and 1.5 g/t gold through their joint venture with Freeport-McMoRan. Reservoir also has 100% ownership of additional permits near this discovery that they are actively exploring to define new targets.
Champion Iron Mines is developing the Consolidated Fire Lake North (CFLN) iron ore project in the Labrador Trough region of Canada. The project involves mining the CFLN East and West deposits, which contain over 3.5 billion tonnes of iron ore resources. A prefeasibility study from February 2013 estimated the project would produce an average of 9.3 million tonnes of iron concentrate per year over a 20-year mine life, with a net present value of $3.3 billion using an 8% discount rate and internal rate of return of 30.9%. The project aims to take advantage of existing rail, power and port infrastructure in the established iron mining district.
Champion Iron Mines is developing an iron ore mine in the Labrador Trough region of Canada. Its flagship project is the Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources. A pre-feasibility study for the project outlined an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. The study found an after-tax IRR of 30.9% and NPV of $3.3 billion, with a 3.4 year payback period. Champion Iron Mines aims to take advantage of existing rail, power and port infrastructure in the established Fermont Iron Ore District.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a significant copper-gold discovery called Cukaru Peki was made. The Cukaru Peki discovery has an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport has sole funded the project through a bankable feasibility study in exchange for increasing its ownership to 75%. Reservoir retains a 25% interest and access to all technical and financial data from the project.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a discovery of 65.3Mt at 2.6% copper and 1.5g/t gold was made. Reservoir is well capitalized with C$34.5 million and seeks to introduce joint venture partners to fund exploration after initial value creation, maintaining exposure to discoveries. Upcoming work includes a scoping study on the Timok discovery and drilling to define mineralization limits.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they made a high-grade copper-gold discovery at Cukaru Peki of 65.3Mt at 2.6% Cu and 1.5g/t Au. Freeport has sole funded the project through feasibility study in exchange for increasing its ownership to 75%. The discovery is located near existing infrastructure and operating mines within the large Timok magmatic complex, a historically productive copper-gold district.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Its key project is the Timok Magmatic Complex in Serbia, a large copper-gold porphyry system. Reservoir has made a high-grade discovery at Cukaru Peki within Timok in a joint venture with Freeport-McMoRan. A preliminary economic assessment estimates the project could generate over $1.5 billion in after-tax NPV. The discovery demonstrates the potential for development of a low-cost, high-margin mine with significant exploration upside remaining. Reservoir is well funded with $27 million in treasury to advance its projects.
The document summarizes Reservoir Minerals Inc., a Canadian project generator company focused on managing exploration risk through multiple early-stage mineral exploration projects in Europe and Africa. It holds two joint ventures in Serbia - the Timok Project (copper/gold) with Freeport-McMoRan, which includes the Cukaru Peki discovery of 65.3Mt at 2.6% copper and 1.5g/t gold, and the Deli Jovan (gold) project with Orogen Gold. The company is well capitalized with $34.5 million in treasury and uses joint ventures to fund exploration after initial value creation, maintaining exposure to discovery upside.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It has three joint venture projects in Serbia, including the Timok Project which is a JV with Freeport-McMoRan. At the Timok Project, a 65.3 million tonne inferred copper-gold resource was discovered at Cukaru Peki, located near existing mining infrastructure. Reservoir Minerals has a well-funded treasury and is well positioned to continue advancing its projects with partner funding.
Reservoir Minerals provides a summary of its business model, projects, and outlook. It operates as a project generator focused on managing exploration risk through multiple early-stage prospects. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they discovered the Cukaru Peki deposit containing 65.3Mt at 2.6% copper and 1.5g/t gold. Freeport will sole fund a feasibility study for 75% ownership. Reservoir also holds 100% of other prospects and seeks partners to advance exploration. It is well funded with $34.5 million and sees potential for expanding the Cukaru Peki discovery and making new proximal discoveries
Reservoir Minerals is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. Their business model involves initially exploring projects alone to create value, then introducing joint venture partners to fund further exploration in exchange for project equity. Currently they have three joint ventures in Serbia exploring for copper and gold. Their largest project is a joint venture with Freeport-McMoRan at Timok, Serbia, which has discovered the Cukaru Peki deposit containing 65.3 million tonnes at 2.6% copper and 1.5 g/t gold. Reservoir also holds 100% of several other exploration licenses near Timok with discovery potential. The company is well funded with $42 million
Reservoir Minerals is a Canadian-listed project generator company focused on copper and gold exploration in Europe and Africa. In Serbia, the company has made a blind discovery of potential copper-gold mineralization at its Timok project through a joint venture with Freeport-McMoRan. Step-out and in-fill drilling is ongoing to define the limits of the mineralized system. In Africa, Reservoir is exploring for large gold deposits in Cameroon and Gabon through soil sampling and trenching. The company is well funded with $18 million in treasury to advance its projects.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It currently has two joint venture projects in Serbia exploring for copper and gold, as well as early stage gold exploration projects in Cameroon and Gabon. A key project is a joint venture in Serbia's Timok Magmatic Complex, where recent drilling has made a discovery of potentially large copper-gold mineralization preserved under sedimentary cover. Reservoir plans to continue step-out and in-fill drilling to define this discovery while also seeking partners for its other projects.
Reservoir Minerals is a Canadian-listed project generator company focused on managing exploration risk through multiple early-stage exploration projects in Europe and Africa. In Serbia, the company has two joint ventures, including one with Freeport-McMoRan that has made a blind discovery of potentially large copper-gold mineralization at the Timok project. Reservoir is well funded with $19 million in treasury to advance its projects through exploration and seek additional partnerships.
- Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage exploration projects in Europe and Africa.
- They have two joint ventures in Serbia, including one with Freeport McMoRan where drilling has resulted in copper and gold discoveries near existing mines.
- The presentation discusses these projects and discoveries in Serbia, as well as Reservoir's strategy to continue exploration and seek additional partners.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral exploration projects in Europe and Africa. It has three joint venture projects in Serbia, including the Timok Project which is being advanced with partner Freeport-McMoRan. Drilling at the Timok Project led to the Cukaru Peki discovery, containing 65.3 million tonnes at 2.6% copper and 1.5 g/t gold in the inferred resource category. The deposit is located near existing mining infrastructure and has characteristics that could support successful development. Reservoir also holds other properties with exploration potential in the Timok Magmatic Complex of Serbia.
Reservoir Minerals is a Canadian project generator focused on managing exploration risk through multiple early stage projects in Europe and Africa. In Serbia, it has two joint ventures, including the Timok project with Freeport-McMoRan where drilling has discovered a large copper-gold system. Reservoir is also exploring for gold in Cameroon and Gabon through soil sampling, trenching and drilling. The company is well funded with $16 million in treasury and seeks to introduce partners to advance projects after initial value creation.
This document provides an overview and corporate presentation for Champion Iron Mines Ltd., which is developing the next major iron ore mine in the Labrador Trough region of Canada. The presentation summarizes a preliminary feasibility study conducted for the Consolidated Fire Lake North Project, which indicated an average annual production rate of 9.3 million tonnes of iron concentrate over a 20-year mine life. It also outlines the company's mineral resource estimates totaling over 5 billion tonnes of iron ore across its properties in the region. The presentation is aimed at investors and provides details on the project economics, infrastructure advantages, management team, and development timeline.
Reservoir Minerals is a Canadian mineral exploration company focused on managing risk through multiple exploration projects in Europe and Africa. In Serbia, the company has a joint venture with Freeport-McMoRan that has made a new copper and gold discovery through drilling. Reservoir is well funded with $20 million in treasury and seeks to define the limits of the mineralized system in Serbia while advancing other 100% owned projects through partnerships or new permit applications.
Champion Iron Mines is developing the Consolidated Fire Lake North (CFLN) Project, a major iron ore mine in the Labrador Trough region of Quebec. A prefeasibility study for CFLN estimates average annual production of 9.3 million tonnes of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. CFLN has mineral resources totaling 5.1 billion tonnes and is located near existing rail and port infrastructure that services other producers in the established Fermont iron ore district. Champion aims to capitalize on positive long-term iron ore market fundamentals and Quebec's low-cost operating environment to bring CFLN into production.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. Their main project is a joint venture in Serbia with Freeport-McMoRan called the Timok Project, which includes the Cukaru Peki copper-gold discovery. Drilling at Cukaru Peki has outlined an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. A scoping study is underway to evaluate mining the high-grade massive sulphide zone and developing the larger porphyry-style lower zone. Reservoir is well funded with $35 million in treasury and seeks to introduce partners to fund exploration
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage exploration projects in Europe and Africa. Their business model is to create initial value through discovery and then introduce joint venture partners to fund further exploration in exchange for project equity. Their flagship project is a joint venture in Serbia called Timok, where they have discovered the Cukaru Peki copper-gold deposit in partnership with Freeport-McMoRan. The deposit contains an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport is sole funding the project through a feasibility study in exchange for increasing their stake to 75% of the project. Reservoir
Reservoir Minerals is a Canadian project generator company focused on managing copper and gold exploration risks through multiple projects in Europe and Africa. Their business model is to fund initial exploration to create value, then introduce joint venture partners to fund further development in exchange for project equity. Reservoir currently has three joint ventures in Serbia, including a discovery of 65.3 million tonnes at 2.6% copper and 1.5 g/t gold through their joint venture with Freeport-McMoRan. Reservoir also has 100% ownership of additional permits near this discovery that they are actively exploring to define new targets.
Champion Iron Mines is developing the Consolidated Fire Lake North (CFLN) iron ore project in the Labrador Trough region of Canada. The project involves mining the CFLN East and West deposits, which contain over 3.5 billion tonnes of iron ore resources. A prefeasibility study from February 2013 estimated the project would produce an average of 9.3 million tonnes of iron concentrate per year over a 20-year mine life, with a net present value of $3.3 billion using an 8% discount rate and internal rate of return of 30.9%. The project aims to take advantage of existing rail, power and port infrastructure in the established iron mining district.
Champion Iron Mines is developing an iron ore mine in the Labrador Trough region of Canada. Its flagship project is the Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources. A pre-feasibility study for the project outlined an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. The study found an after-tax IRR of 30.9% and NPV of $3.3 billion, with a 3.4 year payback period. Champion Iron Mines aims to take advantage of existing rail, power and port infrastructure in the established Fermont Iron Ore District.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has three joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a significant copper-gold discovery called Cukaru Peki was made. The Cukaru Peki discovery has an inferred resource of 65.3 million tonnes grading 2.6% copper and 1.5 g/t gold. Freeport has sole funded the project through a bankable feasibility study in exchange for increasing its ownership to 75%. Reservoir retains a 25% interest and access to all technical and financial data from the project.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple mineral prospects in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where a discovery of 65.3Mt at 2.6% copper and 1.5g/t gold was made. Reservoir is well capitalized with C$34.5 million and seeks to introduce joint venture partners to fund exploration after initial value creation, maintaining exposure to discoveries. Upcoming work includes a scoping study on the Timok discovery and drilling to define mineralization limits.
Reservoir Minerals is a Canadian project generator company focused on managing exploration risk through multiple early stage projects in Europe and Africa. It has two joint ventures in Serbia, including the Timok project with Freeport-McMoRan where they made a high-grade copper-gold discovery at Cukaru Peki of 65.3Mt at 2.6% Cu and 1.5g/t Au. Freeport has sole funded the project through feasibility study in exchange for increasing its ownership to 75%. The discovery is located near existing infrastructure and operating mines within the large Timok magmatic complex, a historically productive copper-gold district.
Reservoir Minerals Inc. is a Canadian company advancing the Timok Copper Gold Project in Serbia with partner Freeport-McMoRan. The project is located in a prolific copper-gold mining district near existing infrastructure and mines. Recent drilling by Freeport has led to the discovery of thick intercepts of copper and gold mineralization. Reservoir is well-funded and positioned to benefit from Freeport's exploration and development work without shareholder dilution.
Reservoir Minerals Inc. is a Canadian mineral exploration company listed on the TSX Venture Exchange. It is well capitalized with $19.8 million in treasury as of October 2012. The company is progressing its Timok Copper Gold Project in Serbia with partner Freeport-McMoRan. Recent drilling at the project discovered copper-gold mineralization, including 266 meters grading 1.23% copper equivalent. The project is located in a proven mining district with good infrastructure. Reservoir has an experienced team advancing exploration and development.
Reservoir Minerals Inc. is a Canadian company exploring for copper and gold in Serbia. It has a joint venture with Freeport-McMoRan on its Timok Copper-Gold Project located in a prolific mining district near existing copper mines. Recent drilling at the project discovered 266 meters grading 1.23% copper equivalent and 34 meters grading 2.49 g/t gold. The company is well funded with $8 million and its project is located in a mining-friendly jurisdiction with good infrastructure and workforce.
April 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It provides an overview of Champion Iron Mines' flagship Consolidated Fire Lake North Project, which has over 5 billion tonnes of mineral resources as per a preliminary feasibility study. The study indicates the mine would produce an average of 9.3 million tonnes per year of iron concentrate over a 20-year mine life, with a net present value of $3.3 billion. The project benefits from established infrastructure including rail, power and the Port of Sept-Îles.
May 2013 Champion Corporate Presentation - EnglishChampionMines
The document discusses plans to build a major new iron ore mine in the Labrador Trough region. It summarizes a preliminary feasibility study conducted for the Consolidated Fire Lake North Project, which indicated an average annual production rate of 9.3 million tonnes of iron concentrate over 20 years. Key highlights include an after-tax IRR of 30.9%, net present value of $3.3 billion, and payback period of 3.4 years. The project would utilize existing rail, power and port infrastructure in the established Fermont Iron Ore District.
Aug. 2013 Champion Corporate Presentation - EnglishChampionMines
The document provides an overview of Champion Iron Mines Ltd.'s plans to build a major new iron ore mine, the Consolidated Fire Lake North Project, in the Labrador Trough region of Canada. Key details include a preliminary feasibility study indicating average annual production of 9.3 million tonnes of iron concentrate over 20 years. The project benefits from established infrastructure in the region including rail lines and the Port of Sept-Îles. The company has over 5 billion tonnes of mineral resources across its properties in the region positioning it for long-term growth.
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Copper North also holds the high-grade Redstone property located in the Northwest Territories, Canada.
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2. Forward Looking Statements
This presentation contains forward-looking statements and factual information that are
current as of the date the presentation was originally delivered. Reservoir Minerals Inc. and its
subsidiary companies through which it carries on business, disclaim any intention or
obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Forward-looking statements include, but are not limited to, statements with respect to the
timing and amount of estimated future exploration, success of exploration activities,
expenditures, permitting, and requirements for additional capital and access to data.
Forward looking statements involve known and unknown risks, uncertainties, and other
factors which may cause the actual results, performance or achievements of the Company to
be materially different from any future results, performance or achievements expressed or
implied by the forward looking statements. Such factors include, among others, risks related
to actual results of current exploration activities; changes in project parameters as plans
continue to be refined; the ability to enter into joint ventures or to acquire or dispose of
properties; future prices of mineral resources; accidents, labor disputes and other risks of the
mining industry; ability to obtain financing; and delays in obtaining governmental approvals of
financing.
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 1
3. Reservoir Minerals in summary
• Canadian-listed project generator
company: business model focused
on managing exploration risk through
multiple plays in diverse metals and
geographic locations within Europe
and Africa
• Highly experienced exploration
teams with good local knowledge
in both continents
• Early introduction of JV partners to fund
exploration development for project equity
after Reservoir has created initial value
• Currently three JVs in Serbia
• Well capitalised with C$48 million in treasury
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 2
5. South-East Europe
Rosia Poieni
431 Mt @ 0.55% Cu and
0.25g/t Au
Moldova Noua 500Mt @ 0.35% Cu
Majadanpek
1000Mt @ 0.5% Cu and
0.35g/t Au
Bor
800Mt @ 0.84% Cu and
0.39 g/t Au
Cukaru Peki
65.3Mt @ 2.6% Cu and
1.5 g/t Au
Elatsite
350Mt @ 0.39% Cu and
0.26 g/t Au
Chelopech 60Mt @ 1.2% Cu and 3.4 g/t Au
Assarel
354Mt @ 0.44% Cu and
0.35 g/t Au
Buchim
150Mt @ 0.3% Cu and
0.35 g/t Au
Ilovitza
Project Resource 374Mt @
0.21% Cu and 0.32 g/t Au
Skouries/Fisoka
568Mt @ 0.35% Cu and
0.47 g/t Au
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 4
Tonnage and Grade data from USGS “Porphyry
Copper deposits of the world” database
6. Serbia – Mining Friendly Jurisdiction
• Fastest growing industry sector – Govt. committed to increasing
GDP contribution from mining from 2% to 5% by 2020.
GDP value for 2013: US$80 billion
• No restrictions on foreign ownership; no Govt. participation;
15% corporate tax rate; 5% NSR royalty on Cu and Au metals
• Serbian exploration expenditure estimated at €50 million p.a.
• New mining code introduced at beginning of 2012. Exploration
3+2+2 years then mining licence
• Inexpensive energy costs – approx. $0.06/kilowatt hour
• Serbia granted EU candidate status (March 2012)
• Companies working in Serbia include Freeport-McMoRan
Copper & Gold, Rio Tinto, Avala Resources, Dunav Resources
and Pan Global Resources
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 5
7. Serbia
Timok Project(1) (copper/gold) 45%
Discovery funded to BFS by Freeport
Deli Jovan(2) (gold) 45%
Exploration and drilling, underground rehabilitation funded by
Orogen Gold
Parlozi(3) (silver/lead/zinc) 100%
Historical resource and mining
Current projects
Mines
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 6
Tilva-Njagra, Čoka-Kupjatra,
Nikolecevo and Kraljevica
(copper/gold) 100%
Similar exploration opportunity to that of the Timok JV discovery
Bobija (silver/lead/zinc) 100%
Historical resource and mining, SEDEX opportunity
Stara Planina (gold/copper/molybdenum) 100%
Historical mining – intrusion-related Cu-Mo-Au opportunity
Plavkovo (gold) 100%
Historic mining. Porphyry-epithermal opportunity
(1) JV with Freeport-McMoRan Exploration Corporation (2) JV with Orogen Gold plc (3) Earn-in with Midlands Minerals
9. Timok Magmatic Complex (TMC)
• TMC hosts state-owned Majdanpek/Bor operations (RTB Bor) –
110 years of mining which produced 6Mt Cu and 9.7 Moz Au
metal. Current non NI 43-101 compliant resources and reserves
still contain 10.5 Mt Cu and 12 Moz Au note 1.
• RTB Bor – open pit and underground mines; integrated complex;
government investing in new flash smelter and related plant
(CAD 300 million) part financed by Export Development Canada
• Reservoir holds 7 licences (535 km2) adjacent to and between
operating mines – 3 in JV with Freeport (244.9 km²)
• Reservoir-Freeport Cukaru Peki Discovery: 65.3 Mt @ 2.6%Cu
and 1.5 g/t Au (NI 43-101 Compliant Mineral Resource –
November 2013) note 2
• Reservoir’s Deli Jovan gold licence is east of the Timok complex
– JV with Orogen Gold (AIM:ORE)
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 8
11. Timok Project – Freeport earn-in
• Freeport is targeting large, world class deposits
• US$3 million earn-in for 55% of project equity completed
• Option exercised to sole fund to completion of Bankable
Feasibility Study for 75% of project. Reservoir has no further
funding commitment until BFS is delivered note 3
• Successful targeting of blind Cu and Au mineralisation at depth
• Blind discoveries in 2012 only 7.5 km south-east of Bor pit:
55,985 metres drilled to date of which 45,203 metres in
Cukaru Peki, NI 43-101 Inferred Resource
• Close to all major infrastructure – road/rail/power/water/
skilled workforce
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 10
12. Timok Project – Freeport earn-in
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 11
13. Miocene basin discovery
• Potentially large copper-gold epithermal and porphyry
style mineralisation preserved under 400 metres of
sedimentary cover
• High Sulphidation Massive Sulphide zone (10% CuEq),
porphyry style mineralisation identified at depth
• 200 metres step-out drilling to define limits of mineralization
followed by 35 to 100 metres in-fill drilling
• Down hole logs of Cu and Au grades indicate consistency
of mineralisation which would be amenable to non-selective
bulk tonnage mining methods such as block caving in
porphyry mineralisation
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 12
14. Drill plan map of discovery
Note: FMTC1336 is re-drilling of
FMTC1329 due to technical issues
Information as of 01/05/2014
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 13
15. Drill plan map of discovery
Information as of 01/05/2014
FMTC1336 is a re-drilling
of FMTC1329 owing to
technical issues
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 14
16. Drill plan map of discovery
Information as of 01/05/2014
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 15
17. Cukaru Peki Resource Classification
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 16
19. 2222222
Cukaru Peki Block Model
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 18
High Grade Massive
Sulphide 6.8 Mt @ 9.6%
Cu and 5.9 g/t Au (Inferred)
Total: 65.3Mt @ 2.6% Cu and 1.5 g/t Au
Semi-Massive Sulphide
58.5 Mt @ 1.8% Cu and
0.9 g/t Au (Inferred)
Unclassified Resource
Unclassified Resource
20. Cukaru Peki Mineral Resource
Category Zone
Grade Category
%CuEq
Tonnes (Mt)
Copper Gold Arsenic Copper Equivalent
% Cu Metal (Cu Mt) Au g/t Metal (Au Moz) % As %CuEq
Inferred
HGMS
>10.0 4.5 11.2 0.5 7.4 1.1 0.2 15.7
1.0-10.0 2.3 6.5 0.2 3.1 0.2 0.3 8.3
SMS
>3.0 14.0 3.2 0.4 2.7 1.2 0.2 4.8
1.0-3.0 44.5 1.3 0.6 0.4 0.6 0.1 1.6
Sub Total HGMS >1.0 6.8 9.6 0.7 5.9 1.3 0.2 13.1
Sub Total SMS >1.0 58.5 1.8 1.0 0.9 1.8 0.1 2.3
Grand Total >1.0 65.3 2.6 1.7 1.5 3.1 0.1 3.5
1. SRK based reporting criteria for underground Resources on the following parameters:
a. A copper price of US$6,500/t of copper, and a gold price of US$1,300/oz.
b. Metallurgical recovery assumptions of 90% for copper and 75% for gold.
c. Operating costs of US$46 per tonne of ore.
2. The cut-off grade used for the estimate is 1.0% CuEq.
3. Copper equivalent formula used is as follows: CuEq = Cu% + (Au g/t x 0.6).
4. All figures are rounded to reflect the relative accuracy of the estimate.
5. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
6. The Mineral Resource is given on 100% basis, currently 45% is attributable to Reservoir.
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 19
21. Outstanding development attributes
This deposit has all the characteristics necessary for successful development
In Europe ✔ Municipality with experienced & available labour force ✔
Supportive govt. (pro foreign investment/pro mining) ✔
Discovery in agricultural area – minimum local
disruption
✔
Favourable fiscal and legal jurisdiction ✔
JV partner – Freeport:
• world class mine developer and operator
✔
Long history of mining:
• Established and prolific mining belt
✔
Quality and quantity of resource:
• High grade – potential for low cost operation
• Large porphyry mineralisation
(block caving opportunity)
• Possible two-stage operation
(development flexibility)
✔
✔
✔
Close proximity (5km) to existing mine Infrastructure:
• Power
• Road
• Rail
• Water
• New govt.-owned smelter with significant
spare capacity
✔
✔
✔
✔
✔
Potential for new proximal discoveries &
within JV permits
✔
RMC has 4 additional 100%-owned Timok permits – mining district opportunity
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 20
22. Overview of Bor – Mine Geology
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 21
25. Looking ahead
• Moving from discovery to defining the limits of the
mineralised system
• Step-out and in-fill drilling
• Free carry to completion of BFS
• Geophysics on other Timok permits
• Define new drill targets
• Seek JV partners for 100%-owned permits
• New permit applications
• Further discovery opportunity
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 24
27. Corporate profile
Total shares:
Management stock options:
Total fully diluted:
47,573,165
2,074,500
49,647,665
95.8%
4.2%
100%
Market capitalisation: C$6.24 – 296.9 million (May 5, 2014)
Cash C$48 million
Management ownership 6.4% – exclusive of management stock options
Major shareholders Jing Bao (10%), Sprot Inc. (5.5%), Global
Strategic Resources (5%), BlackRock Investment
Fund (4.75%), J. P. Morgan (4.75%), Xiangguang
Copper (3.5%)
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 26
Share Capital as at April 15, 2014
28. Strong team
MANAGEMENT
Christopher MacIntyre (VP Corporate Development)
6 years in public markets and the natural resource sector.
Graduate in Commerce from the Queen's School of Business
at Queen's University (Canada).
Aleksandar Obrenovic (VP Exploration)
20 years in exploration and mining. Graduate of the University of
Belgrade with a degree in Engineering and Economic Geology.
David Miles (CFO)
Chartered Accountant with more than 30 years experience in the mining
and exploration business. Mr. Miles is currently the CFO of Esperanza
Resources Corp. and Colombian Mines Corporation.
Duncan Large (Advisor, Geologist and QP)
Over 40 years in exploration and mining industry. Royal School of Mines,
London (M.Sc.) and the Technical University of Braunschweig (Ph.D.).
Tim Fletcher (Consultant)
Dr Fletcher has had over 30 years of international experience in the
minerals and exploration industry. He is a graduate of Chelsea College,
London University (BSc) and Aberdeen University (Ph.D) and is a
Chartered Engineer of the Materials, Minerals and Mining (IOM3).
Geological team
Serbia
(10 Geologists) with extensive experience in exploration
and mining in a variety of deposit types.
West Africa
(Senior Geologist) – Chris Spencer, with over 30 years of international
experience much with BRGM.
DIRECTORS
Miles Thompson (Non-executive Chairman)
25 years in exploration and mining globally. Ex-Manager Business Development
for Gold Fields. Geology graduate of the University of Bristol (UK).
Simon Ingram (President & CEO)
20 years in exploration and mining project development globally.
Founding director of Reservoir Capital. PhD in Mineral Resource Evaluation
Cardiff University.
Geoff Chater (Non-executive, independent)
24 years in the mining industry. From 1999 to 2008, Mr. Chater held the
position of Corporate Relations Manager for copper producer First Quantum
Minerals Ltd. Geology graduate of Texas Christian University.
David Knox (Non-executive, independent)
25 years Investment banking and commodity trading experience. Currently
CEO of Firestone Energy, an ASX and JSE listed mining development company.
Senior Executive Officer, BBY, (2008 to 2011).
Michael Winn (Non-executive)
25 years in the natural resource sector and public markets. Geology graduate
of the University of Southern California.
Miljana Vidovic (Non-executive)
15 years managing energy and minerals exploration businesses in
Southeast Europe. Graduate of the University of Belgrade with a diploma
in Economics (Serbia).
Stephen Scott (Non-executive, Independent)
30 years in mining and mineral exploration executive. For the past 15 years Mr.
Scott has worked for Rio Tinto in a number of international management and
commercial executive, responsible of managing company's interest in the
Freeport Grasberg copper mine (President Director of Rio Tinto Indonesia,
2002–2005)
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 27
29. Investment case
• Well funded exploration and project generator with
experienced technical teams
• JV partnerships with major and junior companies
providing risk mitigation and exploration upside
• New copper/gold discovery with Freeport – market
recognition of business model
• Cukaru Peki high grade copper-gold NI 43-101
Inferred Resource
• No further funding requirement by RMC for the Timok
project until delivery of BFS by Freeport
• Treasury of C$48 million
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 28
30. Old Bor mine/new Timok discovery
Tilva Rosh 15%
Cu specimen
FMTC 1213 Drill core specimen.
508-509m 36.51% Cu, 8.50 g/t Au. 41.61% CuEq
Bor mine Timok project
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 29
34. Cameroon
• Cameroon highly prospective but very underexplored country
• Two 1000 km² projects under JV with local exploration
consulting company, (90% Reservoir/10% BEIG3)
• Experienced in-country and expatriate team with good local
knowledge – ex-French geological survey (BRGM)
• Targeting greenstone belts capable of hosting multi million
ounce gold projects
• 20 km gold soil anomaly identified – trenching commenced
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 33
36. Bibemi project
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 35
20 kilometres gold soil anomaly identified
Two main trends
Results from trenches T01 to T14 define
a trend of at least two sub-parallel zones
of gold mineralization that extend
northeast to southwest striking for
approximately
6 kilometres
37. Bibemi project
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 36
Best results from channel sampling
of weathered bedrock included 10
metres containing 2.26 grams per
tonne (“g/t”) gold from Trench T07
38. Gabon
• Gabon, highly prospective cratonic shield areas
underexplored by modern techniques
• Two licences 100% Reservoir-owned respectively 516 km2
and 323 km² in prospective greenstone belts capable of
hosting multi-million ounce gold projects
• Within each of the two licences, zones covering several
square kilometres occur showing anomalous gold in soils
(identified by internationally financed Geological Survey work)
• Initial RMC study of Au anomalies validated as it shows
strong correlation with previous results
• Experienced in-country and expatriate teams with excellent
local knowledge – ex French Geological Survey (BRGM)
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 37
39. Gabon
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 38
Mitzic (gold) 100%
Greenfieldexploration,geochemicalsoilsamplingand augerdrilling
Boumango (gold) 100%
Greenfieldexploration,geochemicalsoilsamplingand augerdrilling
Current projects
40. Mitzic project
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 39
SYSMIN program identified anomalous clusters
Open gold-in-soil anomaly
Contiguous gold-in-soil values up to a maximum of
134 ppb gold, extend the main cluster of gold
anomalous samples to cover an area approximately
4 by 1 kilometres, which is open to the northeast
41. Boumango project
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 40
SYSMIN program define three distinct robust gold-in-soil anomalies
Open 54 sq km gold anomalies
Excellent correlation with the SYSMIN data set, gold-in-soil values
up to a maximum of 379 ppb gold
42. Contact
Simon Ingram
Director, President and CEO
simon@reservoirminerals.com
Christopher MacIntyre
Vice President, Corporate Development
chris@reservoirminerals.com
Phone +1 (416) 703-0010
www.reservoirminerals.com
MAY 2014RMC:TSXV WWW.RESERVOIRMINERALS.COM 41
43. Notes
Note 1:
• Grades and tonnages of RTB Bor and Bor mineralisation quoted in this presentation. Reservoir Minerals Inc. (“RMC”) emphasizes that these figures cannot be
relied on, but considers that an appreciation of the grades in the differing styles of mineralization in the district is relevant to the assessment of the Timok Project.
A qualified person as defined by National Instrument 43-101 has not undertaken sufficient work to classify these figures as mineral resources or mineral reserves
and RMC is not treating them as current mineral resources or mineral reserves.
• Armstrong, R., Kozelj, D., and Herrington, R. 2005 (The Majdanpek Cu-Au deposits of eastern Serbia, a review. In: Porter, T.M. ed. Superporphyry copper and gold
deposits: a global perspective: PGC Publishing, Adelaide, v. 2: p. 453-466).
Note 2:
• Reference: www.sedar.com “The 43-101 Technical Report on a Mineral Resource Estimate on the Cukaru Peki deposit, Brestovac-Metovnica Exploration Permit,
Serbia, January 2014”.
Note 3:
• Freeport-McMoRan Exploration Corporation ("Freeport") previously exercised the Earn-In Option to acquire a 55% equity interest in the Timok Project in Serbia and
is now the operator of the Timok Project. Freeport has given notice to Reservoir (Refer to the news release of August 16, 2012) that it has elected to sole fund
expenditures on or for the benefit of the project until the completion and delivery to Reservoir of a feasibility study, subject to its right to cease such funding at any
time. The feasibility study must be in such form as is normally required by substantial, internationally recognized financial institutions for the purpose of deciding
whether or not to loan funds for the development of mineral deposits, Reservoir considers this level of feasibility study to be a "bankable" feasibility study. If
Freeport completes the feasibility study, Freeport will indirectly own 75% and Reservoir 25% of the Timok Project.
Note 4:
• The copper equivalent (CuEq%) is calculated from the formula (Copper % + 0.6 x g/t of gold)
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