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Transcript of Minsud
Corporate Presentation
March 2013
1
Disclaimer
• The content of this Power Point Presentation and any related information you will read in the pages that follow (the “Information”) has
been prepared by Minsud Resources Corp. (the “Company”) on the basis of information and sources believed to be reliable. However,
the Information does not take account the investment objectives, financial situation and particular needs of any particular person and is
not intended to be considered by any person as general advice to any class of persons. Therefore, you should not rely on the
Information and should obtain relevant and specific professional advice to evaluate and assess the Information.
• The Company makes no representation or warranty, nor assumes any responsibility whatsoever, in respect to the Information. Without
limiting the generality of the foregoing, The Company does not represent or warrant that the Information is complete, accurate, or true.
Consequently, you should not rely on the Information to make any decision, and if so, you shall bear the entire risk of such decision.
Under no circumstances should any part of the Information should be construed to constitute an offering to invest in the Company.
• The Company reserves the right, at its sole discretion, to modify all or any part of this presentation without any liability or notification to
any person. This Information includes statements which may be considered forward–looking. These forward-looking statements reflect
the current internal projections, expectations or beliefs of the Company based on information currently available to the Company.
Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made
by the Company with securities regulatory authorities, that may cause the actual results of the Company 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 the Company".
• By requesting the delivery of the Information you agree that the Company and its officers, managers, agents, directors or associates
shall have no liability towards you resulting from any use of the Information by you, your officers, managers, agents, directors or
associates and you waive, to the fullest extent permitted by law, any right to claim to the Company any losses or damages, including,
without limitation, direct or indirect damages, consequential or special damages, loss of use, data or profits, costs or expenses incurred
or suffered by you, your officers, managers, agents, directors or associates (in this case agreeing to indemnify the Company in case
any of such persons claims the Company’s liability for any of such losses or damages) arising out of or in connection with the access to,
use of, reliance on, the Information which shall be provided, whether due to inaccuracy, error, omission or any other cause and whether
on the part of us, our officers, managers, agents, directors or associates or any other person.
• Mr. Howard Coates, Professional Geoscientist, Director of the Company and a geological consultant, is a qualified person as defined by
Canadian National Instrument 43-101. Mr. Coates has read and approved the contents of this presentation
• This Presentation must not be disclosed, copied, published, reproduced or distributed in whole or in part at any time without the prior
written consent of the Company and by accepting the delivery or making to it of this presentation, the recipient agrees not to do so and
to return any written copy of this presentation to the Company at the request of the Company.
2
• Minera Sud Argentina SA (MSA) was set up as an Argentinean private
company in 2004 .
• The key drivers during early stage were management with
entrepreneurial spirit and highly supportive seed investors.
• Management acted under the leadership of Mr. Carlos Massa, and the
seed investors were the Benetton Group in Argentina (60%) and Ing.
Alberto Orcoyen (40%).
• Our initial goal was to develop a significant portfolio of grass roots
in poorly explored areas of Patagonia.
• This was our first milestone.
• In 2006 we commenced the exploration of Chita, that became into the
“Quoin” of our flag ship, the Chita Valley Project.
I. Story
3
• During the following years we extended the area to the adjacent
properties, Brechas Vacas (west) and Minas de Pinto and Chita II
claim (east), putting the area of geological interest “vis a vis” with the
mining right.
• Chita is a porphyry style mineralization with widespread indication
of epithermal high, intermediate and low sulphidation .
• At present, Minsud through its affiliate MSA, controls the properties as
follows:
• MSA Owns 100% of Chita mining rights.
• MSA is the beneficial owner of 50% of the Brechas Vacas Trust
that is the 100% owner of the Brechas Vacas Properties.
• The remaining 50% beneficial interest in the Trust is subject to a
purchase option (2017).
• MSA has an Option to Purchase 100% of the Minas de Pinto
properties (2017).
( See more detail in Minsud Financial Statements note 6)
I. Story (continued)
4
• In 2011 Minsud Resources Corp. concluded a reverse take over with
Rattlesnake Ventures concurrently with the acquisition of MSA´s
shares, its qualifying transaction, and C$ 5.5 million Private Placement
financing.
• Taking Minsud to high quality standards of Corporate and Finance was
our second milestone.
• During 2012, the venture capital market went into a deep depression
undervaluing any business perceived as risky.
• Management defended successfully the Company´s valuation by issuing
shares above market price also avoiding a significant dilution to the
former shareholders.
• The company´s 2012 Business plan was financed by former seed
investors and the incorporation of a new one, Panedile S.A (a large
constructor with a branch in underground mining) also with a long
term vision.
I. Story (continued)
5
• The CHITA VALLEY PROJECT,
Central Andes, San Juan
Province. 12,900 ha., our Flag
Ship.
• La Rosita – Deseado Massif –
Santa Cruz Province. 10,000 ha.
• Selected grass of roots, 50.000
ha in Santa Cruz (18,000 ha),
Chubut (23,000 ha) and Rio
Negro (9,000).
II. MSA portfolio of properties
6
• An early stage of development commenced mid 90´s with the enactment of
the Promotional Mining Laws.
• Highly favorable geological settings for wide range of commodities in a
large and underexplored mineralized surface.
• Among the most remarkable regions we can highlight: Cordillera de los
Andes, Pre-cordillera, the Puna Plató, Sierras Pampeanas and the
Deseado Massif.
• The country production of precious and base metal is based on 11
productive mines. There are also 5 mines under development and at least
13 advanced explorations.
• There are an extensive activity in M&A deals and also many stories of
success.
• Comparable exports in the region, are about : Chile C$ 50.0 billion, Peru
C$ 40.0 but Argentina just less than C$ 5.0. A long way to go
III. Exploration and mining in Argentina
7
IV. Mining in Argentina – Key Players
Province Operative Mines Mines under development Advanced projects
Jujuy Aguilar (Glencore)
Pirquitas (Silver Standard)
Salta El Quevar (Golden Minerals)
Lindero (Mansfield Minerals)
Rio Grande (Regulus Resources)
Catamarca Bajo la Alumbrera (Xstrata Cooper) Agua Rica (Goldcorp, Xstrata)
Farallon Negro (YMAD)
San Juan Veladero (Barrick) Pascua - Lama (Barrick) Pachón (Xstrata Cooper)
Gualcamayo (Yamana) Los Azules (McEwen Minerals)
Casposo (Troy Resources) Altar ( Stilwater)
Del Carmen ( Malbex)
Chubut Navidad (Pan American Silver)
Calcatreu (Pan American Silver)
Santa Cruz Cerro Vanguardia (Anglogold) Cerro Negro (Goldcorp) Cerro Moro (Yamana Gold)
San José (Hoschild- McEwen) Cap Oeste (Patagonia Gold) Cerro Puntudo ( Yamana Gold)
Mananthial Espejo (Pan American Silver) Don Nicolas (IRL) Joaquin (Coeur D´alene)
Martha (Coeur D´alene) La Josefina ( Hunt Mining)
Precious and Base metals
8
U$S 20,0 million. May 6th, 2009. Troy Resources acquires Casposo, gold – silver
project, San Juan
$ 626 million. October 30, 2009. Pan American Silver acquires Aquiline
(Navidad – Chubut and Calcatreu- Rio Negro projects)
$ 3,6 billon. September 2nd, 2010. Goldcorp Acquires Andean Resources
(Cerro Negro – Santa Cruz)
U$S 487,1 million. July 11, 2011. Stillwater acquires Peregrine Metals. (Altar
project - San Juan)
U$S 110 million. September 1, 2011. Xstrata Copper, Goldcorp And Yamana
Finalize Four-Year Option Agreement On Agua Rica.
U$S 414 million. June 18, 2012. Yamana acquires Extorre Gold Mines Ltd (Cerro
Moro – Santa Cruz).
U$S 60 million. December 11, 2012. Mirasol sold the 49% interest in Joaquin
Silver-Gold project (100 km north from La Rosita) to Coeur d'Alene Mines
Corporation, US$30 million in cash and US$30 million in shares.
V. Intensive activity in M&A deals
9
• The country was growing at almost Chinese rates during past decade, but in
2012 went into a non-growing period.
• Country´s GDP is about 500 billion while external debt slightly above one
third, mainly long term restructured.
• Government and Social Security Institutions hold about the half of this
amount.
• During past decade, the country has been paying interest services and
capital at maturity with no new access to the capital market.
• In this framework the mining development is called to become the second
engine to grow added to the existing agricultural and agribusiness sector.
• The most important aspects affecting the domestic market are the high
inflation and restriction on the foreign exchange market that came up as
a palliative to the impact of the European crisis.
VI. Argentine Outlook
10
• Based on shares issued, we feel
Minsud has potential for raising
more money when appropriated.
• Currently, management believes
that market does not recognize
the real value of the company.
• Our current cash position up to
date is about C$ 800,000.
VII. Minsud- Share Structure
I. Share Structure
Share Structure Shares
Authorized shares: Unlimited
Issued and outstanding 39,738,266
Stock Options 3,795,000
Warrants and other options 18,954,933
Fully diluted 62,488,199
II. Significant shareholders
Significant shareholders Shares %
Richmond Capital 8,250,000 20.8%
Compañía de Tierras Sud Argentino S.A. 8,200,300 20.6%
Alberto F. Orcoyen 3,215,713 8.1%
Panedile S.A.I.C.F.e I. 3,157,896 7.9%
Pinetree Capital Corp 2,500,000 6.3%
TOTAL 25,323,909 63.7%
11
• During this first semester Minsud will complete a systematic exploration
at the Chita Valley Project in order to define high quality drilling targets.
• We have already started to look for a JVP among majors and larger
explorers and expect to have proposals according to the size and quality of
the Chita Valley Project in two or three months.
• After joint venturing the Chita project, Minsud will continue to explore
early stage projects within its own portfolio or searching for new deals into
the market.
• These actions will allow Minsud to participate in the great opportunity
that exists in an underexplored country, such as Argentina.
• Consolidating Minsud as a solid player in the long run while
minimizing financial risk will be our future milestone.
• Intensify Investor Relations activities, it is a still a pending matter, to
enhance investor base and provide stock floating.
VIII. Minsud - 2013 Business Plan
12
• Carlos Massa, public accountant
Minsud Resources Corp – President & CEO
Mr. Massa has guided the steady growth of MSA since inception and, in doing so,
contributed to the company capitalization through asset generation. Endowed with
entrepreneurial spirit he also directed the process of listing Minsud shares in the TSX-
V. He was also founding partner at Latin American Minerals acting as Director. Mr.
Massa has developed his professional carrier through many management and
directorship positions in the banking industry, real state and the Miguens Bemberg
Family Fund, acquiring practice on corporate finance and M&A.
• Howard Coates, P. Geo.
Minsud Resources Corp – Director and Vice President Exploration
An economic geologist with over 42 years of diversified experience, Mr. Coates has
extensive knowledge of mineral deposits gained through many years of post-graduate
experience in diverse parts of the world. Until recently Vice President of MPH
Consulting Limited, Mr. Coates worked for major international mining companies,
Falconbridge Limited and Billiton Canada Limited in Canada and Australia during
the first 15 years of his career. Mr. Coates joined Minsud as a director in October,
2011, and as an officer in January, 2012. As Minsud' Vice-President of Exploration he
oversees the design and implementation of the company’s exploration programs.
IX. Management
13
• Roberto Milanese
Minera Sud Argentina S.A. Exploration Vice President
Mr. Milanese is a senior exploration geologist with 30 years experience. He served
as exploration geologist for Minas Argentinas S.A. and El Desquite S.A., and was
responsible for the recognition an discovery of the Esquel Gold Deposit. He has also
served as President of Golden Peaks Resource Ltd. (Argentina) and was
responsible for the discovery of La Fortuna Gold Deposit in Chubut Province.
• Paul F. Andersen
Minsud Resources Corp - Chief Financial Officer
Mr. Andersen is the managing partner of Forbes Andersen LLP, a Toronto firm of
Chartered Accountants, and has over 15 years experience in senior management
roles with numerous public and private corporations. Mr. Andersen is a Certified
Public Accountant and a Chartered Accountant.
IX. Management ( continued)
CANADA | Headquarters Minsud Resources Corp. 56 Temperance Street, Suite 200 Toronto, Ontario, M5H 3V5, Canada Phone / Fax : +1 (416) 479 4466
ARGENTINA | Headquarters Minera Sud Argentina S.A. Esmeralda 684 piso 13° - (CP. 1007) Ciudad de Buenos Aires - Argentina Phone / Fax : + 54 (11) 4328 4067
[email protected] www.minsud.com