Darwin Resources Corporate Presentation
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Transcript of Darwin Resources Corporate Presentation
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DISCLAIMER
Some of the statements contained in the following material may be "forward-looking statements." All
statements, other than statements of historical fact, that address activities, events or developments that
Darwin Resources Corp (“Darwin”) believes, expects or anticipates will or may occur in the future are
forward-looking statements. Forward-looking statements are often, but not always, identified by the use
of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements
that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other
similar expressions. These forward-looking statements reflect the current expectations or beliefs of
Darwin based on information currently available to Darwin. Forward-looking statements are subject to
a number of risks and uncertainties that may cause the actual results of Darwin to differ materially from
those discussed in the forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the expected consequences to, or
effects on Darwin. Factors that could cause actual results or events to differ materially from current
expectations include, among other things, failure to successfully complete intended financings, capital
and other costs varying significantly from estimates, production rates varying from estimates, changes in
world metal markets, changes in equity markets, uncertainties relating to the availability and costs of
financing needed in the future, equipment failure, unexpected geological conditions, imprecision in
resource estimates, success of future development initiatives, competition, operating performance of
facilities, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and
approvals from government authorities, and other development and operating risks. Any forward-looking
statement speaks only as of the date on which it is made and, except as may be required by applicable
securities laws, Darwin disclaims any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or otherwise. Although Darwin believes
that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements
are not guarantees of future performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein. The qualified person for Darwin’s projects, Dr
Graham Carman, President and CEO of Darwin Resources Corp, and a Fellow of the Australasian
Institute of Mining and Metallurgists, has reviewed and verified the contents of this overview.
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DARWIN WAS SPUN-OUT FROM MAWSON RESOURCES LTD
(TSX:MAW) – LISTED ON 2 MAY 2012 (TSX.V : DAR)
DIRECTORS
Dr Graham Carman – President & CEO
Michael Hudson – Non-executive Director; President & CEO Mawson
Resources Ltd (TSX:MAW), Director Tasman Metals (TSX.V: TSM, NYSE-
MKT: TAS) & Flinders Resources Ltd (TSX.V: FDR)
Mark Saxon – Director; President & CEO Tasman Metals (TSX.V: TSM,
NYSE-MKT: TAS), Director of Mawson Resources Ltd (TSX:MAW) & Flinders
Resources Ltd (TSX.V: FDR)
Nick Demare – Non-executive Director and CFO; Director of numerous TSX
and TSX.V companies
Paul-Henri Couture – Non-executive Director; Director at The Sentient
Group
CORPORATE
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DARWIN IN PERU – A REFORMED TEAM WITH PAST SUCCESSES
Dr Graham Carman – President and CEO
PhD (Geology of Lihir gold deposit, Monash), B.Sc. Hons, FAusIMM
Geologist, 25 years exploration, 7 years in Peru in 1990s (Rio Tinto,
Savage-Pasminco, 10 years Australian junior sector)
Discoveries in Peru: Yanque, Accha, Bongara (Zn, Pb)
Georg Winkelmann – General Manager Peru
18 years management & administration of international exploration
companies in Peru (Savage-Pasminco, Rio Tinto, Meridian-Yamana,
Candente)
Rolando Ligarda – Exploration Manager
Geologist, 25 years exploration in Peru (Buenaventura, Rio Tinto,
Meridian-Yamana, Pasminco, Hochschild, SIMSA)
Discoveries: Pukaqaqa, Marcapunta, Millo (Au Cu) Yanque, Bongara (Zn,
Pb)
Edgardo Guizado – Peru Consultant (Cu-Au)
Geologist, 30 years exploration and mining in Peru (Rio Tinto, Sumitomo)
Discoveries: Yauricocha (Cu-Mo), Constancia (Cu-Mo now Hudbay),
Corani (Ag now Bear Creek), Yanque (Pb-Zn)
PREVIOUS EXPLORATION SUCCESSES
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CAPITAL STRUCTURE
26.16 million shares outstanding
4.375 million warrants $0.60 (expire April 2014)
3.035 million options $0.25 (expire June 2015)
33.57 million on fully-diluted basis
Private placement March 2012:
$3.5 million @ $0.40 + ½ warrant @ $0.60 for 2 years
Cash @ 31 Aug 2012: = $2.9 million
Market capitalization @ $0.21 = $5.5 million
MAJOR SHAREHOLDERS
On undiluted basis
Sentient (24.1%)
Pinetree (11.7% )
Directors (10.8%)
CAPITAL STRUCTURE
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“Vision - To be the Premier gold
explorer in South America”
Well funded, well supported, South American explorer with Peru focus
Experienced and successful management team, with record of
identifying and securing high quality mineral assets
Properties:
Suriloma: Gold-silver epithermal stockwork, 1km strike, undrilled
Six other properties including Rurimarac gold breccia 800m strike,
1 hole drilled (6m @ 3g/t Au from 60m)
STRATEGY
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Suriloma – principal focus
• 2400 hectares
• DAR has option to earn 100% by
paying $800,000 over 3 yrs
• 2% NSR can be bought for $1.3m
• At least 6 mineralized structures
• No past drilling
• Land access negotiations
underway, progress being made
• 2000m diamond drill program
planned Q1 2013
Rurimarac
• 2000 hectares
• 100% owned
• Gold breccia over 800m strike
• 5g/t Au average in 65 x 1m-deep
pits
• Only 1 past drill hole: 6m @ 3g/t
Au from 60m (oxide)
• Surrounded by Barrick
• Land access negotiations
underway
PERU PROJECTS
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Lagunas Norte mine (Barrick Gold Corporation)
•30km east of Suriloma
•Open pit, crush, valley-fill heap leach operation
•2011: 763,000 oz gold produced at cash cost of
$269 per oz
•Oxide Reserves 31 Dec 2011: 6.2 million oz
•Deep sulphide potential
La Arena mine (Rio Alto Mining)
•50km east of Suriloma
•Open pit, dump leach operation
•Production of oxides began May 2011
•Oxide Resource 30 Sep 2011: 1.5 million oz
@ 0.5 g/t gold
•Oxide Reserves 30 Sep 2011: 0.82 million oz
@ 0.44 g/t gold
•Copper-gold porphyry present at depth
Source: Websites of Barrick and Rio Alto, Ingemmet November, 2012
SURILOMA – La Libertad Department
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SURILOMA – Geology
Goyllar Group
Tablachaca Fm
Lower Andesite
Dacite
Upper Andesite
Pebble dike
Quartz Stock
-work
Gold stockwork target
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• Epithermal gold - silver mineralization in quartz stockwork
• No past drilling
• La Puerta structure 50 -100 metres wide, >1km strike, 200m vertical relief
• 132 channel samples over 500m strike, average grade 1.2g/t Au + 23g/t Ag
LA PUERTA STOCKWORK– Channels
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‘Bosque’ stockwork outcrop
SURILOMA – Epithermal Au-Ag Target
• Darwin planned drilling
• Q1 2013
Hydrothermal
breccia
boulder
5g/t gold
100m wide
Target zone
Epithermal
Stockwork
vein
textures
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Potential
30km from Barrick’s Pierina mine (9Moz gold)
Breccia-hosted oxide gold target
Surrounded by Barrick concessions
65 pit/trench samples averaged 5.1g/t gold (oxide) at base of breccia
Surface pits up to 39g/t gold
1km strike of mineralized outcrop
Target area 1.4km by 0.5km wide
History
6 past holes drilled, only 1 tested breccia target
6m @ 3g/t gold from 60m (oxide) in LLD5, 50% core recovery
Now 100% Darwin
Communities
Negotiations taking place with community
Workshop held in July 2012, good relationships being developed
Planned drilling of 4 holes (minimum) when drill permits granted
RURIMARAC – Ancash Department
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Schematic cross section (interpretive)
Average 5.1g/t gold in 65 pit and trench samples, base of breccia
structure
RURIMARAC – Geological Model
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400 metres of vertical relief, favours exploration & development
LDD5
LDD5: oxide gold intercept
6m @ 3g/t Au from 60-66m*
Polymict fault breccia host
*core recovery 50%, grade may not be representative
road
RURIMARAC – Landscape
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Proven management and corporate team
Well financed, supportive shareholders
Gold properties in proven belt, undrilled
Channel /trench sampling NOW at Suriloma
Drilling planned Q1 2013 at Suriloma
WHY DARWIN RESOURCES?
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North American Head Office:
Mariana Bermudez
Corporate Secretary
Tel: +1 (604) 685 9316
Fax: +1 (604) 683 1585
Email: [email protected]
Suite 1305 - 1090 West Georgia St
Vancouver, BC , V6E 3V7 CANADA
Peru Office:
Georg Winkelmann
General Manager Peru
Tel: +51 (1) 241-1928
Email:
CONTACTS & INVESTOR RELATIONS
For investor relations please contact:
Nick L. Nicolaas
604.657.4058
Donna Werbes
604.685.9316
778.968.1623
or