TSX.V: CT | www.centeneramining.com 1
Corporate Presentation TSX.V: CT www.centeneramining.com 1 TSX.V: - - PowerPoint PPT Presentation
Corporate Presentation TSX.V: CT www.centeneramining.com 1 TSX.V: - - PowerPoint PPT Presentation
FEBRUARY 2017 Corporate Presentation TSX.V: CT www.centeneramining.com 1 TSX.V: CT | www.centeneramining.com Forward Looking and Cautionary Statements Except for the statements of historical fact contained herein, the information presented
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Forward Looking and Cautionary Statements
Except for the statements of historical fact contained herein, the information presented on this website and the information incorporated by reference herein, constitutes “forward looking information” within the meaning of applicable Canadian securities laws concerning the business,
- perations and financial performance and condition of Centenera Mining Corporation (“the Company”). All statements, except for statements of
historical fact, that address activities, events or developments that management of the Company expects or anticipates will or may occur in the future including such things as future capital expenditures (including the amount and nature thereof), business strategies and measures to implement strategies, competitive strengths, goals, expansion and growth of the business and operations, plans and references to the future success of the Company, and such other matters, are forward looking statements. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance
- r achievements expressed or implied by the forward looking information. Such risks and other factors include, among others, operating and
technical difficulties in connection with mining development, actual results of exploration activities, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of metal, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and
- ther risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or
construction activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes
- r claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks
related to joint venture operations, risks related to the integration of acquisitions, as well as risks and uncertainties discussed in the latest Management Discussion and Analysis Reports and Financial Statements (refer to the Financial Section on the Company’s website under Investors, and company filings on www.sedar.com). Shareholders are cautioned not to place undue reliance on forward looking information. The Company undertakes no obligation to update any of the forward looking information on this website or incorporated by reference herein, except as otherwise required by law.
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Investing in Argentina & Centenera
100% ARGENTINA-FOCUSED RESOURCE COMPANY EXPOSURE TO BASE METALS, PRECIOUS METALS AND SPECIALITY METALS >60% OF STOCK WITH SUPPORTIVE SHAREHOLDERS SEEKING TO ACQUIRE ADDITIONAL MINERAL PROJECTS
Centenera’s Huachi Copper-Gold Project Centenera’s 100%-owned Organullo Gold project
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Investment Attractiveness in Argentina
- Northwest Argentina, Chile and Peru are stand-
- ut jurisdictions for mining investment in
South America
- In northwest Argentina, the Provinces of Juyuy,
Salta, Catamarca and San Juan provide safe investment climates
- Salta Province is ranked #1 jurisdiction in
Argentina (Fraser Institute 2016)
- San Juan Province also has a high level of
investor confidence as a mining destination
- Centenera prioritizes low-risk, mining-friendly
Provinces for acquisitions
Source: Fraser Institute Survey of Mining Companies 2016
Source
Fraser Institute ‘Survey of Mining Companies 2015’
www.fraserinstutute.org, March 2016
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Summary of Current Projects
- 1. HUACHI COPPER-GOLD PROJECT – San Juan Province
Established copper-gold porphyry scheduled for drilling in 2017 Best intersection from surface is 353m grading 0.49% copper equiv
- 2. EL QUEMADO PROJECT – Salta Province
Pegmatite lithium project centered on historical mining operations
- 3. ORGANULLO GOLD PROJECT – Salta Province
Gold deposit with a JORC-compliant geological target size ranging from 600,000 ounces at 0.94g/t gold (19.8Mt) to 940,000 ounces at 0.92g/t gold (31.6Mt), using a 0.5g/t cut-off grade
- 4. MINA ANGELA GOLD PROJECT – Chubut Province
Former gold mine produced 150,000 ounces of gold to 1992
- 5. EL PENON GOLD PROJECT – San Juan Province
Early-stage gold exploration project
- 6. CROSBY PROPERTY – Jujuy Province
Strategic land position contiguous with the operating Pirquitas Mine
It should be noted that the Organullo potential exploration target quantities and grades are conceptual in nature, that insufficient exploration and geological modelling has been done to define a mineral resource, and that it is uncertain if further exploration will result in the delineation of a mineral resource. Copper equivalent = Copper grade % x (0.795 x gold grade g/t), where the conversion factor of 0.795 is calculated by comparing the value of 1 tonne of copper ore (at copper prices of $2.20/lb ($4,850.16/t)) to the value of 1 tonne of gold ore (at $1,200/oz ($38.58g/t)) and assuming 100% recovery. Alteration outcropping at Hauchi
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- 1. Huachi Copper-Gold Project
OVERVIEW
- Project acquired Q1 2017
- Historical drilling defined part of the
- utcropping copper-gold porphyry system
- Alteration and mineralization mapped at
- surface. Zone with >3% pyrite halo mapped
- ver 1,400m x 850m
- Only 7 drill holes testing the extensive system
with mineralization open
- No additional exploration drilling required
before drill testing
- Centenera plans to drill test in early 2017.
Satellite image of the Huachi copper-gold porphyry system. Copper mineralization show in green and gold mineralization shown in red on drill
- traces. The known epithermal gold system (red oval outline) in the east is not of
immediate interest. Centenera plans to drill test the copper-gold system (green
- val outline) abd the area to the west. Note the extensive area of pale-coloured
alteration seen at surface and disappearing under cover to the west, where additional drill testing is planned.
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Huachi Copper-Gold Project
HISTORICAL DRILLING
- All drill holes targeting porphyry-style mineralization
intersected significant copper-gold
- Most holes terminated in mineralization
- Several holes increasing in grade with depth
- System open to west and north toward untested
ground (see map) and open at depth
Historical Drilling Highlights. 1 True width is not known. 2 Copper equivalent = Copper grade % x (0.795 x gold grade g/t), where the conversion factor of 0.795 is calculated by comparing the value of 1 tonne of copper ore (at copper prices of $2.20/lb ($4,850.16/t)) to the value of 1 tonne of gold ore (at $1,200/oz ($38.58g/t)) and assuming 100% recovery.
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Huachi Copper-Gold Project
COMMERCIAL TERMS
- Right to earn a 100% interest subject to 2%
NSR.
- Additional option to buy 0.5% of NSR for US$1
million at any time.
- Option cash payments US$2.3 million over 6
years plus stock valued at US$0.5 million.
Drilling at Huachi
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- 2. El Quemado Tantalum – Lithium Project
OVERVIEW
- Excellent land position in Argentina’s premier
pegmatite district
- Includes several small-scale former producing
mines
- Exposure to Tantalum and Lithium markets
Lithium minerals (lepidolite) in outcrop Historical underground access Pegmatite vein swarm
- utcropping on hillside
Lepidolite vein
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El Quemado Project
GEOLOGY
- District with rare element class granitic
pegmatites (lithium sub-class)
- Despite historical production, no modern
exploration has been completed
- Work in 2016 will focus on mapping,
prospecting and sampling HISTORICAL PRODUCTION
- Project includes historic El Quemado mine
- Historical production of concentrates with
average grades 39.65% tantalum, 20.98% niobium, 61.46% bismuth. The Company cautions that the grade of concentrates is derived from private mining company records that are historical in nature.
El Quemado claims and historical producing sites. The project comprises 19 claims totaling approximately 8,000 hectares.
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- 3. Organullo Gold Project
OVERVIEW
- Centenera owns 100% interest
- Close the city of Salta and good infrastructure
- Includes Julio Verne Mine, an underground mine
producing copper, bismuth and gold in the 1930’s.
Road, rail, electrical transmission and gas pipelines in the vicinity of the Organullo project. Historical mining, spoil heaps and buildings at Julio Verne Mine, Organullo district. Alteration and historical small-scale mining.
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Organullo Gold Project
GEOLOGY
- High sulphidation epithermal gold deposit
- Large alteration system with more than 7 kilometers of
geochemically anomalous rock samples along trend
- Strong alteration intensity observed in interpreted
Aster data HISTORICAL WORK
- 44 drill holes (8,174meters)
- 630 rock samples, 471 talus fines, 45 BLEG and 2,707
PIMA samples
Aster Satellite Scene, measuring 60 km x 60km, demonstrates that while alteration intensity is strong at Organullo (in this case Jarosite), it is rare in the surrounding area.
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ASSUMPTIONS & PARAMETERS:
- Gold grades estimated for each model based on the common
vein orientation in each area
- Drill data composited to 2.0 meters downhole; no limits on the
input and output parameters; unconstrained by geology
- Inverse distance squared algorithm
- Two scan distances used in grade estimation – 200 meters
(lower range) and 300 meter scan distances (upper range)
- Constant density of 2.6t/m3 assumed
It should be noted that these potential exploration target quantities and grades are conceptual in nature, that insufficient exploration and geological modelling has been done to define a mineral resource, and that it is uncertain if further exploration will result in the delineation of a mineral resource.
Organullo Gold Project
Pit Shell Outlines in Target Areas 2 and 3 from Organullo Pit Optimization Study, GeoRes, 2012. Background is Jarosite Alteration Intensity typically associated with epithermal systems
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Organullo Gold Project
TARGET 1
- Largely untested area of high alteration intensity with
little surface sampling and one drillhole on the periphery TARGET 2
- Target with substantial sampling and five drillholes
- Target tonnage and grade range is large because target
requires more drill definition TARGET 3
- Tested with 28 drillholes and target ranges from
498,000 to 589,000 ounces
- Well sampled but more drilling required to increase
certainty TARGET 4
- High alteration intensity and positive surface sampling,
but only three drillholes
4 Priority Target Areas in Detail
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Geology of the Mina Angela Project
- 4. Mina Angela Project
GEOLOGY
- Low sulphidation epithermal gold vein systems
- Mineralized system is open at depth and along strike
HISTORICAL WORK
- Past lead producer (1936 – 1940)
- Past gold producer (1978 – 1992), 150,000 ounces
- Government records from 1983 – 1992 indicate the
extraction of 1.04 million tonnes of ore with average grades of 4.0 g/t gold, 48.4 g/t silver, 2.0% lead, 0.4% copper and 4.6% zinc
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- 5. El Penon
- Early-stage Carlin-type analogue in Precordillera of San
Juan Province
- Target emerged from original work by Committee bay
Resources (2006) and was later independently identified by Cardero Resource Corp through analysis
- f satellite imagery throughout the Precordillera (2007)
- Centenera began exploration in 2016 and have
completed stream sediment and rock sampling
- Work is focussed on defining the extent of stream
sediment anomalies and identifying the source of historical gold anomalies
- Initial results expected Q1 2017
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- 6. Crosby Property
- Crosby is strategically positioned contiguous to the
Pirquitas Mine property
- The northwest trending anticlinal structure that hosts
Silver Standards Pirquitas Mine, passes through Centenera’s Crosby property
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Exploration Database
- Extensive exploration databases throughout northwest
and central Argentina
- Includes portions of Jujuy, Salta, Catamarca, San Juan,
San Luis, Mendoza and Chubut Provinces
- Data at Centenera’s disposal includes;
- Historical reports from previous operators
- Structural analysis and targeting reports from
key consultants
- Regional Aster and Landsat alteration and
targeting reports from consultants
- Newmont / Cardero regional BLEG sampling
results
- Results of Cardero regional rock, stream, heavy
mineral concentrate, and channel sampling of target areas and more advanced projects
- Drill results from Cardero, Artha and historical
- perators
- Pipeline of projects for potential aquisition
Example of data coverage in northwest Argentina
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Corporate Structure & Shareholders
Issued and outstanding 56,342,964 Warrants 10,515,625 Options 4,175,000 Fully Diluted 71,133,589 Warrants Price 312,500 $0.12 9,500,000 $0.15 750,000 $0.18 Options Price 3,775,000 $0.25
Cardero Resource Corp. 42% K.F. Business Ventures 19% Float 31%
Major Shareholders by Percentage Ownership Share Price & Volume Share Structure
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Management
Keith Henderson, President & CEO
- 23 years' experience throughout Africa, Europe, and North
and South America.
- Broad commodity experience including precious metals, base
metals, and bulk commodities.
- Educated in Europe with B.Sc. (Hons) and M.Sc. in geology.
- Formerly held various manegerial and senior technical roles at
Anglo American Exploration in Europe and North America.
- Previously Vice President at Cardero Resource Corp. with
critical role in advancing the Pampa de Pongo through to ultimate sale for US$100M cash, $55M metallurgical coal acquisition and $15M copper porphyry acquisition.
- Former CEO at Dorato Resources and currently holding a
variety of resource sector board positions.
Mario Castelli, President (Argentina)
- A lawyer with 25 years experience in criminal law and the
resource sector.
- Formerly held various government positions including vice-
legislative counsel for the Senate (2003 to 2007) and Secretary General for the state railway operating company.
- Appointed honorary First Vice President of the Legislative
Chamber of Representatives.
Tyler Caswell, Exploration Manager
- Professional geologist with more than 10 years experience
with exploration for a variety of mineral deposit types including gold, porphyry copper, IOCG, skarn, sediment hosted base metal and VHMS.
- Experience in Asia, North America and South America.
- Dr. Marcelo Lopes Arias, Director (Argentina)
- A lawyer by training and employed by the Ministry of
International Relations for the Province of Salta.
- Dr. Arias was a National Senator and Vice President from 2001
to 2007.
- Served in the National Congress at the Chamber of
Representatives as President of the Chamber (1989 to 2001 and again from 2007 to 2011.
- Lic. Fernanda Ines Gonzales, Director (Argentina)
- Lecturer at Universidad National de Salta, editor of Claves
(political magazine)
- Author of publications for the Ministry of the Environment on
mining impact on local communities.
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Board of Directors
Keith Henderson, Director
- see previous
Henk van Alphen, Director
- Mining executive with 35 years experience.
- Founder of Pacific Rim and Cardero Resource Corp; long
history of project spin-outs and value-creation with early involvement in Trevali Mining, Balmoral Resources and others.
- Co-founder of International Tower Hill Mines, which peakes at
an $800 million market capitalization.
- Track record in converting projects to investor returns.
- Highly experienced in South America (Peru and Argentina).
Experience in Argentina from 1991 to present having acquired a number of well-known projects and having successfully explored for gold, copper and uranium.
- Formerly Vice President at Corriente, which ultimately sold to
a Chinese group for US$680 million.
- With cardero Resource Corp., Henk acquired a Peru iron
deposit for $0.5M in 2003 and sold for $100M cash in 2009.
- Henk is currently President & CEO of Wealth Minerals, a $100
million lithium brine explorer and developer in Chile.
- Henk currently holds a variety of resource sector board
positions with public companies.
Charles Straw, Director
- An economic geologist with 18 years in the mining industry
globally.
- He holds an honours degree in applied geology from
University of NSW in Sydney.
- Lead the exploration and evaluation of precious and base
metals projects in Australia, North & South America, China.
- He is currently a Director and CEO of ASX listed Silver Mines
Limited.
Anne Labelle, Director
- Anne is a geologist and a lawyer, currently Vice-President Legal
and Sustainability for Midas Gold Corp.
- Later, practiced securities law at Gowling Lafleur Henderson
LLP before returning to the mining industry in 2008.
- A graduate of Carleton University, with a B.Sc. (Hons) in
Geology, obtained her law degree at the University of British Columbia.
Stephen Pearce, Director
- Practicing lawyer, specializing in corporate and securities work.
- Director & officer of several resource-related public
companies.
- Law degree from UBC and economics degree from York
University.
TSX.V: CT | www.centeneramining.com 22 Centenera Mining Corporation 2300-1177 West Hastings Street Vancouver, BC, V6E 2K3 Phone: 604-638-3456 E-mail: info@centeneramining.com