For personal use only For personal use only Disclaimer This - - PDF document
For personal use only For personal use only Disclaimer This - - PDF document
For personal use only For personal use only Disclaimer This presentation has been prepared by Inca Minerals Limited (ICG). The information contained in this presentation is a professional opinion only and is given in good faith. Certain
Disclaimer This presentation has been prepared by Inca Minerals Limited (ICG). The information contained in this presentation is a professional opinion
- nly and is given in good faith. Certain information in this document has been derived from third parties and though ICG has no reason to
believe that it is not accurate, reliable or complete, it has not been independently audited or verified by ICG. Any forward-looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are
- utside the control of, and may be unknown to, ICG. In particular, they speak only as of the date of this document, they assume the success of
ICG’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients
- f this document (Recipients) are cautioned to not place undue reliance on such forward-looking statements. ICG makes no representation or
warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued. To the extent permitted by law, ICG and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and
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law, ICG and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of ICG and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information. This presentation is not an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis for any contract or commitment whatsoever. All amounts in Australian dollars unless stated otherwise. Competent Person’s Statement The assessment of information provided by third parties, subsequently presented in this presentation relating to Project Potential, past Exploration Results, Mineral Resources and/or Ore Reserves are the views of Mr R Brown, who is a Director the Company and a Member of the Australasian Institute of Mining and Metallurgy. Mr R Brown is a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr R Brown consents to the inclusion in the presentation of his views
- f information provided by third parties, in the form and context in which it appears.
For personal use only
Inca Minerals
Dual potential at Chanape
- Confirmed mineralised porphyry discovery in maiden drill hole
- Near surface gold (>3g/t Aueq) resource potential confirmed
Company significantly de-risked with upside potential confirmed
- Market Cap of ~$12 Million
- Unsolicited approaches by global producers
Near term catalysts for re-rate
- Chanape under-explored with large areas yet to be mapped
- Near-term drilling to focus on the delineation of a potential
economic porphyry deposit and proving up a near-surface gold resource Page 3
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Chanape – Progress
First 12 months
- Management recognised Chanape as a porphyry project
- Inca one of the first companies in Peru to obtain Exploration
Permit under new regulatory system (introduced mid 2012)
- Inca’s maiden drilling program confirms dual development
potential of Chanape
Current Current
- Review of drill results and on-site project inspection with
internationally renowned porphyry experts (March/April 2013)
- Building on local exploration capacity
- Preparation for next drilling campaign
Next
- Drilling campaign during 2013 with dual purpose of following
up on porphyry discovery developing near-surface gold resource potential
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Project Location
Detail Slide 8
Chanape Project: Epithermal Au-Ag and Cu-Mo-Ag porphyry province Moquegua Project: Cu-Mo porphyry province Chanape Project: Epithermal Au-Ag and Cu-Mo-Ag porphyry province Moquegua Project: Cu-Mo porphyry province
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Chanape – 2 targets
Breccia-hosted epithermal gold, silver
Duel development resource targets
Insert following slide
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epithermal gold, silver Mineralisation “Yanacocha-style” Porphyry and porphyry- related copper, molybdenum, silver mineralisation “Toromocho-style”
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Schematic NS Section (not strictly to scale)
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Epithermal Gold Mineralisation
- Only 2 of 50 known breccia pipes drill tested
- Recent hole CH-DDH001 drilled through Breccia
Pipe Eight 108m interval @ 2.0g/t gold + 41g/t silver from surface including:
- 25m @ 2.2g/t Au + 95g/t Ag
- 42m @ 3.3g/t Au + 34.9g/t Ag
Only 15 of 50 known breccia pipes sampled
Near-surface Gold Target
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- Only 15 of 50 known breccia pipes sampled
- Several have better gold grades than Breccia Pipe
Eight
- Three new gold-bearing breccia pipes
discovered within 100m of Breccia Pipe Eight, results include:
- 11.25g/t Au + 26.1g/t Ag
- 2.99g/t Au + 4.4g/t Ag
- Potential number of breccia bodies unknown
with extensive area under-explored
Largely un-explored
Breccia Pipe 8 and CH-DDH001
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Near-surface Gold in Breccia Pipe 8 Area
Existing gold target zone:
- Numerous gold-bearing
breccia bodies in a 750m x 500m area
- Only two drilled: Breccia
Pipe 8 (gold over 100m from surface) and Breccia
8
from surface) and Breccia Pipe Complex 10/11 (gold
- ver 200m from surface)
- Mapping likely to reveal
additional breccia bodies in target area
- Other gold targets
associated with breccia clusters in the project area within the sulphide zone Page 8
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Cu Porphyry Target
Cu porphyry & related mineralisation
- Cu, Mo, Ag mineralised
porphyry discovered in maiden drill hole:
- 380m to 600m (EOH) @
0.13% copper + 120ppm molybdenum including:
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molybdenum including:
10m @ 0.78% Cu + 20g/t Ag 33m @ 0.2% Cu + 296ppm Mo + 4.56 g/t Ag + 0.12g/t Au
- Porphyry occurs within large
“sulphide envelope”, defined by SP anomaly 2.5km x 1km in size
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Delineating the Cu Porphyry
“Sulphide envelope” defines area of porphyry search
- Porphyry ore-zone at
Chanape would be located inside sulphide envelope
- Sulphide envelope almost
entirely situated within Inca’s concession area
SP anomaly Outline of Chanape
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Inca’s concession area
- Characteristics of
alteration and levels of Cu and Mo mineralisation in maiden hole indicates proximity to potential ore- body
SP anomaly with multiple centres
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Comparison to Toromocho
Toromocho (1.6Bt @ 0.5% Cu, 0.018% Mo, 7.16g/t Ag)
- Multiple styles of
mineralisation (principally porphyry-hosted, breccia- hosted and skarn type) associated with multiple porphyry intrusions over 3kms
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porphyry intrusions over 3kms
- Chinalco Mining Corporation
International lists on Hong Kong raising $430M on back of Toromocho (Current market- cap of A$2.1Bn)
Chanape
- Similar-sized sulphide zone
with multiple intrusive porphyries
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Schematic SSW-NNE Section (not strictly to scale)
For personal use only
Inca - Strategy
Assets
- Develop world-class copper porphyry asset
- Delineate near-surface gold resource
Corporate
- Unsolicited approaches by global producers regarding Chanape
- Inca will seek to add value to assets and then consider options
Market capitalisation of ~$12 Million significant upside potential
CH-DDH001 maiden hole
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- Market capitalisation of ~$12 Million significant upside potential
Inca’s value proposition
- Identify early stage, large potential assets in South America
- Core competency is to revalue assets through exploration
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Peru - other projects: Moquegua Cu Porphyry Project
- Located in Southern Peru
Cu Porphyry Belt
- Surrounded by world-
class Cu porphyry mines
Inca – Other Peru Assets
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class Cu porphyry mines
- Adjacent to Metminco’s
Los Calatos 656Mt Cu porphyry deposit
- Inca’s work program to
include: geophysics, alteration mapping, surface sampling
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Inca – WA Assets
Australia - other projects: WA Nickel
Inca Minerals (purple)
Rox Resources (red)
- Inca is reviewing corporate
- ptions for its Dingo Range
Project near Rox Resources’ recent Ni discovery
- Inca’s Dingo Range tenements
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- Inca’s Dingo Range tenements
adjacent to Rox Resources
- Dingo Range Project remains
un-tested for Ni despite known ultramafics
Ultramafic occurrences
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Corporate Overview
Board of directors
- Dr Justin Walawski
FCPA; Former head of AMEC and North West Iron Ore Alliance In depth knowledge of junior mining sector
- Mr Ross Brown
29 years of exploration geologist on four continents Assessed hundreds of projects in South America
- Mr Gareth Lloyd
Mining engineer with gold, base metals and coal experience 25 years funds management (Rothschild private equity), mining analyst As at 13 March 2013
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25 years funds management (Rothschild private equity), mining analyst and advisory experience
Capital
- Issued Shares:
304,773,333
- Share Price:
$0.04
- Market Cap:
$12.0 million
Shareholders
- Directors:
10.1%
- Top 20
43.0% Page 15
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Inca – Why Invest
- Dual Potential at Chanape – Cu porphyry and near-surface gold
- De-risked Exploration with World Class Upside Potential
- Attractive Portfolio of Assets in Peru and Australia
- Management Proving Exploration Model
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Inca – Value through Discovery
- Management Proving Exploration Model
- Generating Interest from Global Producers
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