C O R P O R A T E P R E S E N T A T I O N
F O R W A R D L O O K I N G I N F O R M A T I O N This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-looking information and statements refmect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identifjed by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as “targets”, “believes”, “expects”, “aims”, “assumes”, “intends”, “plans”, “seeks”, “will”, “may”, “anticipates”, “would”, “could”, “continues”, “estimate”, “milestone” or other words of similar meaning and similar expressions or the negatives thereof. By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company’s actual fjnancial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected. Any forward-looking information or statements in this presentation speak only as at the date of this presentation. The Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward looking information and statements, whether to refmect changes in the Company’s expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based. Given the aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward- looking statements. Note on Technical Disclosure Mr. Jason K. Dunning, M.Sc., FSEG, P .Geo. is a qualifjed person as defjned by National Instrument 43-101, who has supervised the preparation of the scientifjc and technical information that forms the basis for the disclosure with respect to the results of exploration on the Company’s projects, as contained on this website. Mr. Dunning is an independent, professional consultant for Headframe Geoscience based in Toronto, Ontario, Canada. 2 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
O U R H I S T O R Y , O u r m i s s i o n OUR HISTORY OUR MISSION 1927 Callinan Mines, originally founded by Jack Callinan in 1927, has had a major presence To drive shareholder value by in the Flin Flon Mining district in northern discovering an economic orebody in Manitoba, Canada. Manitoba and identifying additional acquisition opportunities in the natural In 2011, the business was split in two 2011 entities: a royalty company and exploration resource space. company which is now Callinex Mines Inc. 3 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
C O R P O R A T E O V E R V I E W TSX-V: CNX I OTCQX: CLLXF RECENT TRADING CAPITAL STRUCTURE ENTERPRISE VALUE Closing Price Shares Outstanding Market Cap $0.28 32 Million 8.9 Million (9/9/2014) 52-Week Range Options Outstanding Debt $0.17 - $0.66 2.7 Million $0 Warrants Outstanding Average Daily Volume (3 - mo) Cash 21,000 10 Million $1.15 Million As of 6/30/2014 (unaudited) All information as of 9/9/2014 unless otherwise stated 4 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
M A N A G E M E N T T E A M Mike Muzylowski Rebecca Moriarty David Legault Max Porterfjeld Chief financial officer SENIOR GEOLOGIST Chairman CEO, President and Director A renowned geologist and Over eight years of experience in A Chartered Accountant with over A seasoned exploration geologist member of the Canadian Mining natural resources and fjnancial 14 years of experience related to specialized in structural geology Hall of Fame with over 50 years markets, previously with Brazil the mining industry, previously with with 14 years of experience in gold, of experience which has included Resources Inc., Uranium Energy PwC providing corporate fjnance, base metals and VMS deposits in the discovery and development Corp and US Global Investors strategic planning and regulatory the Iberian Pyrite Belt and in the of 16 mineral deposits through to compliance services Canadian Shield production 5 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
o u r c h a i r m a n TRACK RECORD Discovered and developed 16 mineral deposits that became producing mines, 13 in Manitoba ACCOLADES Inducted to Canadian Mining Hall of Fame and recipient of the Developer of the Year award by the Prospectors & Developers Association of Canada PREVIOUS SUCCESS Built numerous mining companies, notably Granges Inc. and Hycroft Resources TRAILBLAZER Among the fjrst to access capital in foreign fjnancial centers and implementation of geophysics in mineral exploration 6 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
W H Y M A N I T O B A MANAGEMENT EXPERIENCE Over 50 years of experience and 13 mines discovered in Manitoba MINERAL ENDOWMENT Rich history of mining with fjrst exploration in 1882 1 , yet large areas of high mineral potential remain under-explored MARKET ACCESS A central hub to the Mid-Continent Trade Corridor that is connected to North American, Asian and European Markets via road, rail, sea and air WORLD CLASS JURISDICTION Ranked 10th globally for best mining practices 2 including direct government fjnancial assistance for resource development and reductions in taxation for mining operations 1 Source: Mines of Manitoba (2009) 2 Source: Fraser Institute: Survey of Mining Companies (2013) 7 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
VOLCANOGENIC MASSIVE SULPHIDE DEPOSITS ECONOMIC Typically high grade polymetallic ore deposits containing Copper, Lead, Zinc, Gold and Silver FORMATION Deposits occur where mineral rich, superheated water is brought to the surface by volcanic activity DISTRICT SCALE Most VMS deposits occur in clusters that defjne major mining districts, such as Flin Flon PREVALENCE 350 deposits and major VMS occurrences in Canada; Manitoba hosts the second largest number of deposits in the nation 1 Source: 1 Mineral Deposits of Canada, Volcanogenic Massive Sulphide Deposits 8 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
F L I N F L O N M I N I N G D I S T R I C T SUCCESS RATE INFRASTRUCTURE TIMELINES AND CAPEX Continuous mining since the 1930’s with Comprehensive road, rail, electric and Less than ten years from discovery to the discovery of 30 Volcanic Massive water infrastructure support quick development with lower than normal Sulphide (VMS) deposits leading to the development of new discoveries capital expenditures development of 27 mines DEPTH OF MINES CLUSTER EFFECT Initial Production 1916 1930 1948 1955 1955 1982 1990 2004 0 Average Depth (m) Mandy Flin Flon -300 North Don Star Cuprus Jon -600 Callinan -900 Flin Flon (80 Mt) Snow Lake (40 Mt) -1200 Trout Lake 777 -1500 Recent discoveries have been larger in size and deeper than Clusters of VMS deposits make up the Flin Flon/Snow previous discoveries Lake mining districts in the Flin Flon Greenstone belt 9 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
F L I N F L O N M I N I N G D I S T R I C T LEGEND Mine Site / Historic Mine Site Powerline Highway Rail Callinex Claims Hudbay Minerals Claim Currently Staked Area 10 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
F L I N F L O N P R O J E C T 777 Mine 777 Mine LOCATION N 3,798 hectare (9,385 acre) project located 9km (5.5mi) southeast of Flin Flon, MB within 10km (6mi) of nine VMS deposits Flin Flon Project ROCK PACKAGE Felsic volcanic environment known to be favourable for VMS formation INFRASTRUCTURE Accessible by road and railway, with onsite electricity and water S T I S LEGEND O P E Mine Site / Historic Mine Site D GEOPHYSICAL SURVEY S Powerline M 2013 airbourne survey identifjed V Highway 9 - S six highly prospective geophysical Rail U I D A R Callinex Claims targets M K 1 0 Hudbay Minerals Claim Currently Staked Area 11 C A L L I N E X C O R P O R AT E P R E S E N TAT I O N
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