WELL DEFINED. WELL ADVANCED. WELL PLANNED.

8
1 WELL DEFINED. WELL ADVANCED. WELL PLANNED. KRP DEPOSIT: A New Gold Discovery with World Class Potential

description

WELL DEFINED. WELL ADVANCED. WELL PLANNED. KRP DEPOSIT: A New Gold Discovery with World Class Potential. 1. Investment Highlights. Advanced gold exploration project located in one of the best mining jurisdictions in the world – Ontario, Canada - PowerPoint PPT Presentation

Transcript of WELL DEFINED. WELL ADVANCED. WELL PLANNED.

Page 1: WELL DEFINED. WELL ADVANCED. WELL PLANNED.

1

WELL DEFINED. WELL ADVANCED. WELL PLANNED.

KRP DEPOSIT:

A New Gold Discovery with World Class Potential

Page 2: WELL DEFINED. WELL ADVANCED. WELL PLANNED.

2

Investment Highlights

• Advanced gold exploration project located in one of the best mining jurisdictions in the world – Ontario, Canada

• Lead KRP project has a bulk tonnage model with multi-million ounce potential

• High quality initial 43-101 resource of over 1 million ounces• 377,000 M&I Au oz @ 1.73 g/t• 624,800 Inferred Au oz @ 1.02 g/t

• KRP Project located next to excellent infrastructure • Rundle-Swayze project has 300,000 ounces with excellent upside

potential• 166,000 M&I Au oz @ 7.17 g/t• 142,100 Inferred Au oz @ 5.52 g/t

• Experienced management team• Capital market and operational experience

• Attractive valuation• Priced at $30 EV/oz vs. $120 EV/oz• Leverage to multiple expansion and resource expansion

Page 3: WELL DEFINED. WELL ADVANCED. WELL PLANNED.

3

Canadian Operations Near Excellent Infrastructure

• Located near Sioux Lookout/Dryden in Ontario, Canada

• 4 km off of paved provincial highway

• Power lines 15 km from discovery

• Abundance of skilled labour nearby

• Can carry out drilling year round with multiple drill rigs

3

Historic PowerTrans-Canada

Page 4: WELL DEFINED. WELL ADVANCED. WELL PLANNED.

KRP Project located on a Prolific Greenstone Belt

4

Cameron1Moz Au

KRP1Moz Au

• The KRP deposit is situated

on the Wabigoon Greenstone

Belt

• It is in a similar setting to

Rainy River’s project, also

situated in the Wabigoon

sub-province

• Land package of 24,862

hectares (100% controlled)

Page 5: WELL DEFINED. WELL ADVANCED. WELL PLANNED.

55

Initial NI 43-101 Resource Estimate

Cut-off

Class Tonnes

(mm)

Au (g/t)

Ounces

0.3 g/t

Measured

4.7 1.74 263,000

Indicated 3.6 1.42 167,000

M&I 8.3 1.60 430,000

Inferred 25.5 0.88 722,000

0.4 g/t

Measured

4.2 1.81 243,000

Indicated 3.1 1.53 151,000

M&I 7.3 1.69 394,000

Inferred 21.8 0.96 673,000

0.5 g/t

Measured

3.9 1.85 233,700

Indicated 2.8 1.57 143,300

M&I 6.7 1.73 377,000

Inferred 18.9 1.02 624,800

Wardrop Engineering Report – October 2010

• Seven mineralized zones• Current & 43-101 compliant – 1,001,800

ozs at 0.5 g/t cut-off

• Historical metallurgical tests demonstrate recoveries ranging from 95.7% to 97%

Page 6: WELL DEFINED. WELL ADVANCED. WELL PLANNED.

Increasing Ounces

Potential to SignificantlyExpand Strike Extension

of Mineralization• Only 3.0 km of strike

length explored• Mineralization known to

extend over 7.0 kms• Additional mineralized

zones identified to both North and South of current KRP zones

• Strike length begins at KRP deposit through to the Quyta block (drilled with a geological potential of approximately 150,000 ozs)

6

12 km

Page 7: WELL DEFINED. WELL ADVANCED. WELL PLANNED.

77

EV / Resources ($/Au oz)

$132.60 - Peer Average (ex. High and Low)

$30.10 - Tamaka (post-money)

4.4x

Tamaka Valuation (cont.)

Page 8: WELL DEFINED. WELL ADVANCED. WELL PLANNED.

8

Pro Forma Share Capital Structure

8

Type Shares

Flow-Through Shares 21,751,197

Common Shares 91,088,724

Total Basic Shares112,839,9

21

Options 12,303,840

Warrants @ $0.50 20,090,683

F.D. Shares145,234,4

44

Recent Financings Notes

Summer 2011 Raise 20,090,683 Units at $0.35

12,979,662 Flow Through shares at $0.375

Sept. 30, 2010 – May 2011 950,000 Common Shares at $0.50

500,000 Common Shares at $0.40

Year Ending Sept. 30, 2010 2,387,500 Common Shares at $0.40

100,000 Flow Through Shares at $0.50

Year Ending Sept. 30, 2009 1,562,500 Common Shares at $0.40

230,769 Flow Through Shares at $0.65

2,960,000 Flow Through Shares at $0.50