ALD LDRIDGE GE MINE NERALS LS AGM-V www.aldridgeminerals.ca
DISCLAIMER Certain statements contained in this presentation regarding the company and its activities constitute “ forward-looking statements ” . All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance are “ forward-looking statements “ . We caution you that such “ forward-looking statements ” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in metal prices, unpredictable results of exploration, uncertainties inherent in the estimation of mineral resources and reserves, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the company operates, lack of appropriate funding and other risk factors. There can be no assurance that such “ forward-looking statements ” will prove to be accurate. Potential investors should conduct their own investigation as to the suitability of investing in securities of the company. Martin S. Oczlon, PhD Geo, is the qualified person for the company as required by NI 43-101 (Canadian Securities Administrators). The company undertakes no obligation to update any “ forward-looking statements ” . We seek Safe Harbour. 2
Directors & Management Jacob Willoughby — President & director. Joined board Feb 2010 & became president April 28 th 2010 Jean-Pierre Colin — Chairman. Director since Oct 2010, also a director of Premier Gold Dr. Martin Oczlon — CEO & director. Founder & largest individual shareholder Jim O’Neill — CFO. Joined Aldridge June 2011 Daniella Dimitrov — Director & legal advisor. Joined board Oct 2010 Barry Hildred — Director. Joined board April 2010 John F. Cook — Director. Mining Engineer and former Chairman of Premier Gold and Wolfden Resources Ed Guimaraes — Director. Joined board May 2011. Served as Executive VP & CFO at Aur Resources prior to it being acquired by Teck Resources 3
Market Highlights (as at July 11, 2011) Symbol Canada TSX-V: AGM Frankfurt: AIW Shares outstanding 37.1 million Directors & Insiders about 15 % Shares fully diluted 51.7 million (4.119 m options @ avg. strike of $1.43, 10.535 m warrants @ avg. strike of $1.72) 52 week high / low C$ 2.25 / $0.52 Recent price C$ 0.97 Market cap C$34.1 million Cash C$ 10.0 million Top institutional RBIM, Colonial First State, US Global, Libra, Excalibur, Sprott, shareholders JVAR and Creststreet 4
Yenipazar - Location Map AGM – Yenipazar Au-Ag-Cu-Pb-Zn Project 5
Turkey: A Great Place for Mining Politically stable, pro-mining, non-bureaucratic Excellent infrastructure roads, electricity, water, railways New, modern and western oriented mining code (2004) Low tax rate, tax incentives in our area, VAT re-payments • 0.5-1 % effective royalty, 20 % corporate tax One of the world ’ s last under explored mineral-rich regions Recent large discoveries include: • EGO-T: Kisladag (254 Mt @ 0.95 g/t Au – 7.8 M oz Au = $10.7 B ) • ANO-T: Cöpler (90 Mt @ 1.87 g/t Au – 5.4 M oz Au = $7.4 B) • ENK-ASX: Caldag (33 Mt @ 1.3 % Ni – 946 M lbs Ni = $9.8 B excluding Cobalt value ) • AGM-V: Yenipazar (+25 Mt @ 1.1 g/t Au, 33.8 g/t Ag +Zn+Pb+Cu = $4.3 B) 6
Yenipazar Open Pit Resources Million Au Ag Cu Pb Zn Tonnes g/t g/t % % % Ind. 24.28 1.09 33.8 0.31 1.16 1.52 Inf. 0.22 0.49 22.7 0.30 0.71 1.16 Contained metal: 854,400 oz of Au, 26.6m oz of Ag, 819m lbs of Zn, 624m lbs of Pb and 167m lbs of Cu. In-ground metal value at current prices: Approximately US$4.3 billion. NI 43-101-compliant resource estimate based on 370 drill holes in an optimized open pit shell (Feb 2011) 7
Accomplishments in 2010 Raised C$5m in a private placement attracting the first institutional investors in Aldridge (Jan - $1.00 unit with full warrant for two years at $1.50) Restructured the board and management – 5 Directors out, 5 Directors in – all new directors based in Toronto and have significant knowledge and experience in Canadian capital markets Revised our earn-in agreement with Anatolia on Yenipazar Gained analyst coverage from Mackie Research and Clarus Securities, both with target prices nearly 2x our current share price Completed infill drilling and collected metallurgical samples Completed 43-101 complitant PEA in December (commenced in mid July) Relocated our corporate offices to Toronto from Vancouver Hired IR groups Ascend Communication and Profinnotiv for NA and Europe respectively 8
Yenipazar Key Parametres Large land package — 100 km2 property that has seen very limited exploration, level and low-relief, open terrain used predominantly for farming Local support — Near-by village with pro-mining work force and strong community support. Local unskilled labour rate is US$20/day – farmers earn less than that. AGM has been working in the area since 2004. Agreement with Anatolia — to earn 100 % interest. Anatolia Minerals retains 6 % net proceeds interest (revenue minus operational cost) until a total revenue of US$165m, and 10% beyond that amount Commitment — Aldridge must deliver a feasibility to Anatolia. The agreement remains valid without time limit, as long as Aldridge works diligently towards completing feasibility study. 9
Project Details Open pit project — volcanogenic massive sulphide (VMS) Zn-Pb-Cu-Au- Ag deposit. Robust economics as demonstrated by our PEA. Solid Resource Base — +24 Mt within an optimized open pit shell. This puts Yenipazar in the 90 th percentile of all known VMS deposits as far as size Great Infrastructure — paved road next to the deposit, as well as access to water. Power and rail within approximately 20 km Unique characteristic — Large ore mineral grains due to metamorphism – potentially more cost-efficient separation from host rock than usual VMS-deposits Deposit dimensions — roughly flat lying body should allow for flexible mine sequencing to optimize early payback - 1700 m long, up to 300 m wide, 30-190 m deep, on average about 25-30 m thick. Still open, especially to the north of the deposit 10
Typical VMS Mining Camps (Source: Geological Survey of Canada) 11
Scoping Study Highlights Base Case NPV US$209m & IRR of 23.2 at 7% discount rate • At 10% discount rate, NPV US$151m or $4.07per basic share, $2.93 a share fully diluted. (Exercising all options and warrants brings in C $23.5m) • Base cases uses 3-year trailing average metal prices and 4.5:1 strip including pre-strip and capex of US$198m for a 12 year mine life assuming 5,700 tpd mill (2m tpa). • Average payable production of 23,700 oz Au, 1.1m oz Ag, 10m lbs Cu, 37m lbs Pb, 37m lbs Zn from diluted average grades of 1.02 g/t Au, 31.6 g/t Ag, 0.29% Cu, 1.1% Pb, 1.4% Zn • Zn conc grades 55%, Pb conc grades 55% & 1025 g/t Ag, Cu conc grades 23% with 20 g/t gold & 337 g/t Ag • Project payback in 3.9 years. LOM average NSR US$57.27/t, LOM average total operating cost $29.65/t. • At current metal prices NPV over US$554m and IRR of over 51.51% 12
Revenue by payable metal production 13
Scoping Study Lowlights Base case used results of ONE locked cycle flotation test • Recoveries: Zn 59%, Pb 78%, Cu 77% - well below average for Zn – need to be improved – Proper floatation study to be completed soon (60 – 90 days) • Recoveries: Au 37%, Ag 57% - both should be improved. Have three separate solutions to improve these. • A doubling of gold recoveries would double the base case NPV (i.e. US $302m at 10% or $8.14 / basic share) • A 10% increase in recoveries of each of the 5 metals would result in a 52% increase in our base case NPV. • Assumed smelter payability of Au and Ag in the Cu conc were only 90% and 80%; should get 95% for both • Assumed payability of Ag in the Pb conc was only 85%; should get 90% - 95% 14
Targeted Metallurgical Recoveries & Production 15
Price / Net Asset Value Source: Net asset values based on research analyst consensus estimates; closing prices per Bloomberg as at May 12, 2011, WWCM presentation 2011 0.0X 0.2X 0.4X 0.6X 0.8X 1.0X 1.2X 1.4X Relative Valuation Comparable Base Metals Companies Royal Nickel Duluth Aldridge Curis Producer Hana AGM consensus NAV $5.05, P/NAV = 0.24 Noront Candente Developer PolyMet Chieftain Developer Average PRICE / NET ASSET VALUE Baja Average Amerigo Iberian Augusta Mercator Capstone Quadra FNX T aseko General Moly Far West HudBay Nevada Copper Inmet Breakwater Thompson Creek Mirabela Anvil Producer Average Lundin Katanga T eck Copper Mountain Consolidated Thompson First Quantum Equinox
Aldridge – Smallest Market Cap to Contained Metal Value 17 * Cu $4.32, Pb $1.20, Zn $1.04, Ag $35.75, Au $1549, C$/US$ 0.968 as of July 11 th 2011
Goals for 2011 Improve the recoveries of our metals Discover new VMS bodies on our property surrounding Yenipazar Hire on additional staff with experience overseeing polymetallic feasibility studies Continue to add analyst research coverage Significantly raise our profile among retail investors Graduate to a TSX listing for the company (Initiated already) Evaluate potential M & A opportunities and properties in Turkey 18
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