Post on 18-Dec-2014
description
TSX:CNL OTCQX:CGOOF
Corporate Presentation September 2012 Corporate Presentation September 2012 !"#"$%"&'()*('+,&-,&./"'0&"1"2/.3,2'
HIGH-GRADE C O L O M B I A N
The forward-‐looking informa3on contained herein is presented for the purpose of assis3ng investors in understanding the Company’s expected financial and opera3onal performance and results as at and for the periods ended on the dates presented in the Company’s plans and objec3ves and may not be appropriate for other purposes.
This presenta3on does not cons3tute a prospectus or other form of offering document rela3ng to Con3nental Gold Limited (the “Company”), and does not cons3tute an offer or invita3on to purchase or subscribe for any securi3es of the Company or any other company and should not be relied on in connec3on with a decision to purchase or subscribe for any such securi3es. This presenta3on does not cons3tute a recommenda3on regarding any decision to sell or purchase securi3es of the Company or any other company. These presenta3on slides (the “Slides”) and the accompanying verbal presenta3on are confiden3al and are being supplied to you solely for your informa3on and may not be reproduced or distributed to any other person or published, in whole or in part, for any other purpose. No reliance should be placed for any purpose whatsoever on the informa3on contained in the Slides and the accompanying verbal presenta3on or the completeness or accuracy of such informa3on. No representa3on or warranty, express or implied, is given by or on behalf of the Company or its shareholders, directors, officers, or employees or any other person as to the accuracy or completeness of the informa3on or opinions contained in this presenta3on, and no liability is accepted for any such informa3on or opinions (including in the case of negligence, but excluding any liability for fraud). The technical informa3on about the Company’s mineral proper3es and explora3on ac3vi3es contained in this presenta3on has been reviewed and approved by Mr. Mark Moseley-‐Williams, an officer of the Company, who is a “qualified person” within the meaning of Na3onal Instrument 43-‐101.
CAUTION REGARDING FORWARD-‐LOOKING STATEMENTS Except for statements of historical fact rela3ng to the Company, certain informa3on contained in this presenta3on cons3tutes “forward-‐looking informa3on” under Canadian securi3es legisla3on. Forward-‐looking informa3on includes, but is not limited to, statements with respect to the poten3al of the Company’s proper3es, es3mates of concentra3on of mineraliza3on and mineral resource quan33es, mineral resource quali3es, the poten3al scope and context of the mineralized area, the poten3al for upgrading the mineral resource es3mate, the Company’s explora3on and drilling targets, explora3on and mine development plans, goals, objec3ves and plans, and other statements rela3ng to the financial and business prospects of the Company.
Generally, forward-‐looking informa3on can be iden3fied by the use of forward-‐looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “es3mates”, “forecasts”, “intends”, “is projected”, “an3cipates” or “does not an3cipate”, “believes”, “targets” or varia3ons of such words and phrases. Forward-‐looking informa3on may also be iden3fied in statements where certain ac3ons, events or results “may”, “could”, “should”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
Forward-‐looking informa3on is based on the reasonable assump3ons, es3mates, analysis and opinions of management made in light of its experience and its percep3on of historical trends, current condi3ons and expected future developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-‐looking informa3on is inherently subject to known and unknown risks, uncertain3es and other factors that may cause the actual results, level of ac3vity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-‐looking informa3on, including but not limited to risks related to: failure to establish es3mated mineral resources; the grade, quality and recovery of mineral resources varying from es3mates; risks related to the explora3on stage of the Company’s proper3es; the possibility that future explora3on results will not be consistent with the Company’s expecta3ons (including iden3fying addi3onal and/or deeper mineraliza3on); changes in the price of gold; changes in equity markets; poli3cal developments in Colombia; uncertain3es rela3ng to the availability and costs of financing needed in the future; changes to regula3ons affec3ng the Company’s ac3vi3es; delays in obtaining or failures to obtain required regulatory approvals; the uncertain3es involved in interpre3ng drilling and explora3on results and other geological data and other factors (including explora3on, development and opera3ng costs and risks); as well as those further discussed in the sec3on en3tled “Descrip3on of the Business: Risks of the Business” in the Company’s Annual Informa3on Form and other regulatory filings which are available under the Company’s profile on SEDAR at www.sedar.com.
Although management of the Company has a`empted to iden3fy important factors that could cause actual results to differ materially from those contained in forward-‐looking informa3on, other factors could also cause materially different results. There can be no assurance that forward-‐looking statements will prove to be accurate, as actual results and future events could differ materially from those an3cipated in such statements. Accordingly, readers should not place undue reliance on forward-‐looking informa3on. The Company does not undertake to update any forward-‐looking informa3on, except in accordance with applicable securi3es laws. Differences in Repor=ng of Resource Es=mates This presenta3on was prepared in accordance with Canadian standards for repor3ng of mineral resource es3mates, which differ in some respects from United States standards. In par3cular, and without limi3ng the generality of the foregoing, the terms “inferred mineral resources,” “indicated mineral resources,” “measured mineral resources” and “mineral resources” used or referenced in this presenta3on are Canadian mineral disclosure terms as defined in accordance with Canadian Na3onal Instrument 43-‐101 – Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Ins3tute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves (the “CIM Standards”). The CIM Standards differ significantly from standards in the United States. While the terms “mineral resource,” “measured mineral resources,” “indicated mineral resources,” and “inferred mineral resources” are recognized and required by Canadian regula3ons, they are not defined terms under standards in the United States. “Inferred mineral resources” 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. Readers are cau3oned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. Readers are also cau3oned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of “contained ounces” in a mineral resource is permi`ed disclosure under Canadian regula3ons; however, United States companies are only permi`ed to report mineraliza3on that does not cons3tute “reserves” by standards in the United States as in place tonnage and grade without reference to unit measures. Accordingly, informa3on regarding mineral resources contained or referenced in this presenta3on containing descrip3ons of our mineral deposits may not be comparable to similar informa3on made public by United States companies.
Important No3ce
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Management Ari Sussman CEO and Director • Over 15 years of experience in the mining industry • Co-‐founder and Former Execu3ve Chairman of Colossus Minerals Inc.,
2006 – 2012 • Raised over C$500 million since 2006 for various companies
Mark Moseley-‐Williams, BSc., MBA* President and Chief Opera4ng Officer • Mining engineer with over 17 years of experience in mine construc3on,
expansion projects and opera3ons in the Americas • Previous experience includes Agnico-‐Eagle Mines Limited, Kinross Gold Corp.,
Coeur d'Alene Mines Corp., Fortuna Silver Mines Inc.
Paul Begin, CA, MBA Chief Financial Officer • Chartered Accountant with over 10 years of experience • Formerly CFO with Hanfeng Evergreen Inc., Trilliant Incorporated and OZZ
Corpora3on
Gustavo Koch, MA Execu4ve Vice-‐President • Lawyer with over 17 years of experience managing extensive poriolio of
mining licenses in Colombia, including Con3nental’s poriolio
Arturo Salvador General Manager • Over 25 years of experience in underground mines in La3n America • Previously with Volcán Compañía Minera and was the former General
Manager of Fortuna Silver’s Caylloma mine • Bachelor of Science in Mining Engineering from the Universidad Nacional de
Ingeniería in Lima, Peru and also holds an MBA from the Escuela Superior de Administración de Negocios (ESAN) in Lima, Peru
Eduardo Otoya Rojas Vice-‐President, Corporate Affairs • Lawyer specializing in economic legisla3on, with over 18 years of management
experience • Former General Manager and Legal Representa3ve of Fron3no Gold Mines • Previously held management and legal posi3ons in Empreserial de Fiduagraria
(finance sector), Superintendencia de Sociedades (government sector), and Concasa and Invercrédito (banking sector)
Luis Felipe Huerta Project Manager • Over 19 years of experience in the engineering of mines in La3n America • Previous experience includes Graña y Montero, GMI & Fluor Daniel, Noberto Odebrecht and
Compañia Minera Atacocha and was the former Project Manager of Fortuna Silver’s San Jose mine
• Bachelor of Science in Civil Engineering and Masters in Structural Engineering from Universidad Nacional de Ingeniería as well as Advanced Studies in Project Management from the ESAN
Mauricio Castañeda Vice-‐President, Explora4on • 13+ years of La3n American-‐focused mining experience • Specializes in produc3on stage and underground explora3on • Previously-‐held senior posi3ons with Anglo American Colombia Explora3on, ColGold Inc.
Colombia, Consorcio de Inversionistas S.A. and Mineros Nacionales S.A. Chris Grainger, PhD* Vice-‐President, Explora4on -‐ Regional • 15+ years of experience as a geologist in South America • Former Chief Geologist of Colossus Minerals Inc. • Previous experience includes Troy Resources, LionOre Australia, Legend Mining, INCO Brazil,
CVRD Brazil Vic Wall, PhD* Special Advisor • Geologist with over 30 years of interna3onal experience • Co-‐winner of the Goldcorp challenge in 2001 • Chief Geologist, MIM Explora3on Pty. Ltd (1989−1996) • Co-‐founder & former VP, Explora3on of Colossus Minerals Inc. Greg Hall, BAppSc Special Advisor • Over 35 years of experience in the mining industry • Chief geologist world-‐wide of Placer Dome un3l the Barrick takeover − credited discoveries
include Granny Smith Mine (Barrick) and Yandi Mine (Rio Tinto)
*NI 43-‐101 Qualified Person
5
Board of Directors
Robert Allen Chairman of the Board • Over 40 years of Colombian experience iden3fying, financing
and developing mineral proper3es including Con3nental’s poriolio
• Chairman and Director, Grupo de Bullet S.A. and Bullet Holding Corpora3on
Ari Sussman CEO and Director • Over 15 years in the mining industry
• Co-‐founder and Former Execu3ve Chairman of Colossus Minerals, 2006 – 2012
• Raised over C$500 million since 2006
Patrick Anderson Director • CEO and Director of Dalradian Resources
• Former President and CEO of Aurelian Resources • Co-‐credited with discovery of FDN Deposit in Ecuador • The Northern Miner’s Mining Man of the Year (2009) • Director of Colossus Minerals
Jaime I. Gu=érrez Director • Over 25 years of mining industry experience
• General Manager of Colombian gold smelter company CIIGSA
Paul J. Murphy Director • Execu3ve VP, Finance and CFO at Guyana Goldfields
• Former Na3onal Mining Leader and West Cluster Leader in Canada at PriceWaterHouseCoopers LLP
• Director of Alamos Gold and Century Iron Mines Corpora3on
Dr. Kenneth Thomas, P.Eng Director • Over 45 years of mining sector experience • Former Senior Vice President at Barrick Gold Corpora3on and
Kinross Gold • 2001 Selwyn G. Blaylock Medal for achievement in
interna3onal mine design from Canadian Ins3tute of Mining Metallurgy & Petroleum
Tim Warman, P.Geo Director • President of Dalradian Resources • Former President and CEO of Malbex Resources • Former Vice President of Corporate Development of Aurelian
Resources Inc.
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Yaraguá Mine
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15
Buri3cá: Yaraguá -‐ Tonnage and Gold Grade vs. Eleva3on
0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0
0.00 0.30 0.60 0.90 1.20
1175
1225
1275
1325
1375
1425
1475
1525
1575
1625
1675
Level RL (m)
Gold grade g/t
Millions of tonnes (50m vertical slice)
Level RL (m)
1175 1225 1275 1325 1375 1425 1475 1525 1575 1625 1675
Mtonnes (50m vertical) 0.68 0.89 1.05 0.94 0.84 0.89 0.90 0.73 0.42 0.19 0.02Thousands of ounces gold
(50m vertical) 205 345 433 395 397 409 443 321 138 51 5
Gold g/t 9.4 12.1 12.8 13.1 14.8 14.3 15.3 13.6 10.1 8.2 6.6
Yaragua Tonnes and Grade (> 4g/t Au) vs Elevation
Mtonnes (50m vertical)
Gold g/t
Yaraguá Tonnes and Grade (>4g/t Au) vs Eleva=on
Veta Sur System
100m
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18
Buri3cá: Veta Sur -‐ Tonnage and Gold Grade vs. Eleva3on
0.0 4.0 8.0 12.0 16.0 20.0 24.0
0.00 0.10 0.20 0.30 0.40 0.50 0.60
1175
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Gold grade g/t
Millions of tonnes (50m vertical slice)
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Mtonnes (50m vertical) 0.13 0.25 0.43 0.58 0.58 0.34 0.28 0.41 0.57 0.50 0.22Thousands of ounces gold
(50m vertical) 43 79 123 143 141 86 69 117 259 258 164
Gold g/t 10.0 9.7 8.9 7.7 7.5 8.0 7.6 8.9 14.1 16.1 22.8
Veta Sur Tonnes and Grade (> 4g/t Au) vs Elevation
Mtonnes (50m vertical)
Gold g/t
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26
Buri3cá: Future Site Plan*
*Preliminary mine plan is dependent on, among other things, con3nued explora3on success, environmental and board approvals, comple3ng a posi3ve feasibility study and the determina3on that the deposit is economically viable
Crusher
Stockpile
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Leading / CCD
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Tailings Filters
Opera3ve Camp Water
Treatment Plant
Recrea3on Area
Staff Camp
Offices Mine Dry
Control Gate
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Berlin: Overview
• 25,059 ha, 100%-‐owned
• 18,869 ha registered
• 6,190 ha pending registra3on
• Located 90 km NNE of Medellín in the Department of An3oquia
• Large-‐scale mesothermal gold vein system
• 11 km of mineralized strike to test
• Phase I drill program to commence in near future
31
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Analyst Coverage
TD Securi3es Daniel Earle daniel.earle@tdsecuri3es.com Specula3ve Buy; $15.00
Dundee Securi3es Ron Stewart rstewart@dundeesecuri3es.com Specula3ve Buy; $15.00
Clarus Securi3es Jamie Spra` jspra`@clarussecuri3es.com Specula3ve Buy; $14.00
GMP Securi3es George Albino galbino@gmpsecuri3es.com Buy; $13.25
S3fel Nicolaus Craig Stanley stanleyc@s3fel.com Buy; $12.00
Raymond James Gary Baschuk gary.baschuk@raymondjames.ca Outperform; $11.25
RBC Capital Markets Michael Curran michael.curran@rbccm.com Sector Perform; $11.00
42
Con3nental is followed by the analysts listed above. Note that any opinions, es3mates or forecasts regarding Con3nental made by these analysts are the analysts' opinions and do not represent opinions, es3mates or forecasts of Con3nental or its management. Con3nental does not imply endorsement by the analyst coverage referenced above.
Aiming to be the Newest Hard Rock Gold Producer in Colombia Nisha Hasan Director, Investor Rela3ons +1.416.583.5611 info@con3nentalgold.com
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