Confidentiality and Forward Looking Statements This presentation - - PowerPoint PPT Presentation
Confidentiality and Forward Looking Statements This presentation - - PowerPoint PPT Presentation
Confidentiality and Forward Looking Statements This presentation contains projections and forward looking information that involve various risks and uncertainties regarding future events. Such forward- looking information can include,
- This presentation contains projections and forward looking information that
involve various risks and uncertainties regarding future events. Such forward- looking information can include, without limitation, statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such
- information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.
- The Company assumes no obligation to update forward-looking information
should circumstances or management’s estimates or opinions change. This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company within the United States or otherwise.
Confidentiality and Forward Looking Statements
Corporate Presentation Dec 2015 www.royalroadminerals.com
- Our industry is emerging from a period of reckoning into an era of
reform where it must compete with a variety of equally enterprising investment opportunities in a more connected and engaged modern world
- Royal Road Minerals is gold and copper focussed and has
implemented a strategy for industry reform by way of:
- Executing a plan to meet new market expectations
- Positively embracing and adapting to change
- Providing unparalleled shareholder support
- Being serious about stakeholder engagement
- Being fast, flexible and competitive
Corporate Strategy
Corporate Presentation Dec 2015 www.royalroadminerals.com
Skill-Relevant Management Team
Corporate Presentation Dec 2015 www.royalroadminerals.com
Tim Coughlin – CEO and Director
PhD (Structural Geology), MSc Exploration and Mining Geology, BSc Geology, FAusIMM, MSEG. 25 years of experience, senior positions with major mining companies, specialist in Andean and frontier mineral exploration and mining investment in highly prospective but under-prospected environments including Colombia, the Caucasus, the Balkans, and Russia. Credited with the discovery of the award-winning Amulsar (5Moz) gold deposit in Armenia, instrumental in the discovery of the La Rescatada (2Moz) gold deposit in Peru, acknowledged in the discovery of the La Colossa (13Moz) gold deposit in Colombia. Co-founder and until 2014 the President & CEO of Lydian International (TSX: LYD)
Rebecca Hudson – CFO
Chartered Professional Accountant (CPA, CA), Bachelor’s Degree and Masters of Accounting. 17 years of wide-ranging finance, accounting and reporting experience, has held CFO positions with several public, junior mining & exploration companies
- perating in North and South America. Held senior financial positions with Falconbridge and Xstrata and auditing positions with
Grant Thornton LLP in Toronto and PricewaterhouseCoopers LLP in the Dominican Republic.
Héctor Vargas – Managing Director Colombia
MSc Geology, MSEG. Over 35 years experience with vast knowledge on geology and projects in Colombia. Colombia and Latin American Director of Greenstone Resources Ltd and Metallica Resources. Consulted to various major mining companies, Senior Geologist Anglo Gold Colombia 2002 through to 2013. Credited with a number of gold and copper gold discoveries in Colombia including El Alacran (+2Moz eqv)
Iván Devía – Operations Director Colombia
International Risk management consultant with 15 years of experience in Latin America and the Middle East. Graduate Human Rights and International Humanitarian Law of the University Nueva Granada. Military Officer and Military Science graduate. Vice-president of Oversight-Chatter (risk management software and consulting corporation); 6 years with B2 Gold Colombia (TSX:BTO) as Health, Safety and Security Manager. Operations and Security Center Manager with AngloGold-Ashanti Colombia. Security Consultant for Britam Defense and Aegis in Iraq. Security Coordinator for KBR-Halliburton Iraq. Operations Center Coordinator BP-Exploration Services Colombia
Experienced Board
Corporate Presentation Dec 2015 www.royalroadminerals.com
BSc Geology. 30 years of experience in exploration and project management in South America principally in Peru, Chile and
- Argentina. 20 years with Noranda in Canada and South America. Responsible for the reactivation of the El Pachon project in
- Argentina. Vice President Exploration for Zincore Metals (TSX:ZNC), responsible for the recent discovery of the promising
Dolores Cu-Mo porphyry located in Peru.
Pete Mullens – Chairman Vernon Arseneault – Director
BSc Geology, FAusIMM; 30 years of extensive mining and exploration industry experience. Successfully developed 4 Canadian listed exploration companies. Credited with the drill hole discovery of Pico Machay in Peru and the acquisition of Navidad (700Moz Ag) and Calcatreu (1Moz Au-Ag) in Argentina and, Westmoreland (50Mlb’s U) in Australia. Strong experience of commercial aspects, ore reserves, financial evaluations, mine planning, JV negotiations, and financing of junior exploration companies. Co-founder Lydian International (TSX:LYD), currently the CEO of AIM listed Aurasian Minerals (AIM:AUM). Over 20 years security experience in a variety of operational and planning roles around the world. Co-founder and Chief Operations Officer for Lydian International (TSX:LYD), was responsible for project management, logistics, land and community relations and risk management. Extensive experience in post-conflict and transitional settings including Kosovo and Georgia and also in Armenia and Ethiopia accumulating significant experience in country-entry and in early stage project and corporate development.
Hugh Devlin – Director
BSc Mining Engineering and a BA Political Science. Over 20 years of experience in mining, construction, engineering, management and finance throughout North and South America. Mr. Njegovan was a Managing Director Global Investment Banking – Mining for Scotiabank. Currently serves on the Board of Directors for St. Andrew Goldfields Ltd (TSX:SAS) and is an independent mining consultant in Toronto.
Don Njegovan – Director
PhD (gold metallogenesis), MSc Mineral Exploration, BSc Geology. MIMM, MSEG, A Fellow of The Geological Society of London, Member of the Chamber of Geological Engineers in Turkey. CEO of Turkish gold exploration and development company, Ariana Resources plc (AIM: AAU) and has been responsible for identifying c.1.5Moz gold in Turkey to date.
Dr Kerim Sener – Director
Focused on Gold and Colombia
Corporate Presentation Dec 2015 www.royalroadminerals.com
- Management view Colombia as one of the
most prospective and underexplored countries in the World. Since the 1500’s Colombia has produced +200M ounces of gold and in the last 12 years in excess of 50M new reportable gold ounces have been discovered
- According to the World Bank’s 2015 Ease
- f Doing Business Report, Colombia tops
Latin America and is the regional leader in terms of investor protection (10th in the World)
- In 2014 Colombia was the fastest growing
economy in Latin America, it is implementing the OECD road map and according to the UNCTAD World Investment Report has been in the top 20 best destinations for foreign investment for the last two years in a row
Sources: ICEF Monitor: Moody’s Investors Service (forecasts); National Statistics Offices: INDEC (Argentina), INEGI (Mexico), DANE (Colombia), IBGE (Brazil), INE (Chile), INEI (Peru), 2004-2013
La Golondrina, Colombia
(RRM earning 100%)
www.royalroadminerals.com Corporate Presentation Oct 2015
Highly prospective high-grade gold region
Corporate Presentation Dec 2015 www.royalroadminerals.com
- La Golondrina is located
within an underexplored region
- f
high-grade Intrusion Related Gold deposits (IRGS)
- Global IRGS examples
include:
- Donlin Ck (USA) ~10Moz
- Fort Knox (USA) ~7Moz
- Pogo (USA) ~ 5Moz
- Vasilkovskoe (Kaz) ~9Moz
- Korri Kollo (Bol)~5Moz
- Kidston (Aus)~4.4Moz
Unexplored high-grade producing mine
Corporate Presentation Dec 2015 www.royalroadminerals.com
- Underground high-grade room and pillar
gold mine development with significant exploration potential over 400m of vertical extension
- Previous
rock-chip sampling
- f
vein material returned an average 13g/t gold from 51 samples. Samples of host rock have returned up to 3.8 g/t gold and 6.8 g/t gold has been returned from a vein- stockwork zone
Styles of gold mineralization
Corporate Presentation Dec 2015 www.royalroadminerals.com
Discrete high-grade (to 60g/t gold) shallow-moderate dipping veins in tonalite Vein, veinlet and sulphide zones to 1m wide in tonalite Veinlet stockwork sulphide and stratabound zones in hornfels sediment
New potential for mineralized hornfels
Corporate Presentation Dec 2015 www.royalroadminerals.com
- Underground development only recently exposed the tonalite hornfels
- contact. Tonalite hosted mineralization is as yet of unknown thickness and
grade Tonalite Hornfels
Visible gold is common
Corporate Presentation Dec 2015 www.royalroadminerals.com
Three permitted CIL plants within 15km radius
Corporate Presentation Dec 2015 www.royalroadminerals.com
- Two combined gravity
and CIL toll-treatment plants
- 20tpd
toll-treatment plant built by Colombian Government for local mining cooperative
- Mining
region with supervision and support from regional centre in Pasto
Exploration target style and potential?
Corporate Presentation Dec 2015 www.royalroadminerals.com
- Plus million ounce high-
grade Intrusion Related Gold deposit
- Stacked shallow-dipping
high-grade veins (Pogo- style), moderate to steep-dipping hornfels zones (IP Target?), steep dipping feeder (vein and breccia?) zones
- Current
underground development on exposed veins only. Much of the license area concealed under volcanic ash and soil
*Source: Geological Survey Canada
Deal Structure
Corporate Presentation Dec 2015 www.royalroadminerals.com
- Royal Road has executed an Option Agreement which provides the Company with a three-year
- ption to acquire 100% of La Golondrina, provided the following conditions are met
- Over the three year term Royal Road must drill a minimum of 1500 meters and produce a
feasibility study. Royal Road will make a USD $50k payment to the owner on initiation of the drilling program and provide cash payments to the owner of USD $20kpa whilst the option is in force
- If the feasibility proves positive and Royal Road makes the decision to commence construction,
the Company will exercises it option and acquire 100% of the project
- If at the time of completion the feasibility proves uneconomic, Royal Road may extend its
- ption to commence construction for up to a further three years (until conditions improve) by
paying the owner USD $20kpa
- If the Company develops the project to commercial production, at such time, the owner will
have the option to elect to receive one of the following two payment alternatives 1. 20% net profit royalty to be paid once payback of all capital invested to expand and construct the operation has been made; and 2. a 15% net profit royalty, to be paid once payback of all capital invested to expand and construct the operation has been made plus a 1% net smelter royalty.
Golondrina Program
Management believe that the Golondrina project presents an
- utstanding
exploration opportunity The project provides a strategic foothold for the Company in the highly prospective La Llanada region of southern Colombia
- Complete underground survey of existing
workings
- Complete saw-cut channel sampling of
veins, vein zones and wall rocks
- Collate all geological, geochemical and
geophysical data to generate drill targets
- Drill test Q1 2016
- Secure agreements over nearby mining
and exploration licenses
Exploration Joint Ventures
www.royalroadminerals.com Corporate Presentation Oct 2015
Southern Colombia
Project Generator Models
Corporate Presentation Dec 2015 www.royalroadminerals.com
- Southern Colombia
- Targeting primarily high-grade intrusion-related gold systems and other
targets
- First systematic program in a prolific gold mineralized and gold producing
region
Corporate Structure
Corporate Presentation Dec 2015 www.royalroadminerals.com
PRO FORMA SHARE STRUCTURE
Outstanding Shares 40.1M Warrants ($0.20-0.60) 13.3M Options ($0.25 & 0.50) 2.3M Cash (CAD) 1M
SIGNIFICANT SHAREHOLDERS
%
Sprott Global 24.9 Management 10.8 Rosseau Asset Mgnt 6.2 Ariana Resources 2.2 Global Iron Ore HK Limited 2.5 JM Finn Nominees 1.8 Loeb Aron & Company 1.5 Macquarie Bank Ltd 1.3
Contact Information
Corporate Presentation Dec 2015 www.royalroadminerals.com
Royal R l Road M Min inerals ls Lim Limit ited Suite 30, 4 Wharf Street
- St. Helier, Jersey