Darwin Resources Corporate Presentation

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Transcript of Darwin Resources Corporate Presentation

Page 1: Darwin Resources Corporate Presentation
Page 2: 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:

[email protected]

CONTACTS & INVESTOR RELATIONS

For investor relations please contact:

Nick L. Nicolaas

604.657.4058

[email protected]

Donna Werbes

604.685.9316

778.968.1623

[email protected]

or