in Ecuador Investor Presentation | June 2020 Disclaimer This - - PowerPoint PPT Presentation

in ecuador
SMART_READER_LITE
LIVE PREVIEW

in Ecuador Investor Presentation | June 2020 Disclaimer This - - PowerPoint PPT Presentation

Advanced Gold Acquisitions in Ecuador Investor Presentation | June 2020 Disclaimer This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than


slide-1
SLIDE 1

Investor Presentation | June 2020

Advanced Gold Acquisitions in Ecuador

slide-2
SLIDE 2

Disclaimer

This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Western Pacific Resources Corp. (the "Company“) expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. This presentation has been prepared by Western Pacific Resources Corp. using its best efforts to realistically and factually present the information contained. However, subjective opinion, dependence upon factors outside Western Pacific Resources control and outside information sources unavoidably dictate that Western Pacific Resources cannot warrant the information contained to be exhaustive, complete or sufficient. In addition, many factors can affect the Presentation which could significantly alter the results intended by Western Pacific Resources, rendering the Presentation unattainable or substantially altered. Therefore, interested Users should conduct their own assessment and consult with their own professional advisors prior to making any investment decisions. This Presentation does not constitute a prospectus or public offering for financing, and no guarantees are made or implied with regard to Western Pacific Resources proposed ventures. There is no guarantee that valuable minerals can be produced profitably from our projects, or at all. The Presentation is being disclosed to User for User’s discussion, review, and/or evaluation only. User agrees to hold the Presentation, and all related information and discussions, in strict confidence, except that User may disclose the Presentation to a limited number of advisors and employees of the User to the extent necessary for User to adequately evaluate the Presentation. User warrants that any such persons shall be advised of the confidential nature of the Presentation before gaining access to the same and that no such advisor or employee shall use or disclose the Presentation except as permitted by this Agreement. Historical Geological Information: Any geological information and results presented which were not conducted by Western Pacific Resources are believed to be accurate but have not been verified. Projections: The presentation’s financial and other projections have been prepared using assumptions and hypotheses created by Western Pacific Resources management based on information provided to them and through due diligence. The assumptions used in the preparation of the projection reflect management’s intended course of action for the projection period based upon management’s judgement as to the most probable set of economic conditions if the assumptions they consider most likely are realized. The assumptions may not necessarily be the most probable and are based upon information existing as at the date of this presentation. The assumptions are those that management believes are significant to the projection. Some assumptions may not materialize, and unanticipated events and circumstances may occur subsequent to the date of this projection; therefore, the actual results achieved during the projection period may vary materially from the projections. This projection is based on our assumptions and there is a major risk that actual results will vary, perhaps materially, from the results projected. Qualified Person: The person with overall responsibility for approving Western Pacific Resources mining technical disclosure is John E. Bolanos, Certified Professional Geologist, and independent qualified person under NI 43-101 regulations.

02

slide-3
SLIDE 3

Why Ecuador?

  • Underexplored compared to neighbors Peru and Colombia
  • Dedicated and proactive Vice-Mining Ministry recently formed
  • Centralized mineral concession registry within the Agency of

Control and Mining Regulations (ARCOM)

  • Constitutional protection for foreign investment
  • Government recognizes mining as key industry and driver
  • Known permitting and community relations practices
  • Excellent transportation and power infrastructure
  • Low fuel costs due to local oil production
  • USD used as local currency. No currency restrictions
  • Qualified mining workforce available
  • Majors moving into Ecuador via JV’s and purchases
  • Three commercial mines now in production including Fruta Del

Norte (Au), Celica (Au) and Mirador (Cu)

Ecuador was named mining country of the year for 2017* and has also steadily climbed Fraser Institute Rankings

*Source: https://business.inquirer.net/237958/ecuador-mining-award-business-environment

03

slide-4
SLIDE 4
  • Partnering with Green Oil (one of Ecuador’s largest mining

contractors) to unlock value in their portfolio

  • Green

Oil started up and

  • perated

Ecuador’s first commercial open pit gold mine in 2016

  • Green Oil has access to some of the country’s best

exploration and production

  • pportunities

including concessions directly bid for by majors during last mineral concession bid round

Premier local partners

  • Our initial exploration asset Julian is directly adjacent to “El

Mozo” high sulphidation epithermal Au project

  • The mineralized trend from El Mozo runs SW directly onto the Julian

concession which has not been explored in detail and drilled yet.

  • El Mozo counts with historical exploration works by Newmont and

Iamgold in the 1990’s and a historic in house (MINECA, 2011) non- 43-101 compliant 382,190 oz Au resource at 1.24 g/t Au based on drilling on 3 out of 8 known mineralized zones

Initial asset adjacent to known gold deposit

  • The Company, in conjunction with Green Oil is in negotiations to

acquire producing precious metal assets

  • 92% of Ecuador’s mineral production is from artisanal and non-

commercial mines

  • Ecuador currently only has 3 commercial mines in production.

Green Oil has operated 4 gold mines since 2010

  • Use of proceeds from initial fund raise will include DD and 43-

101 reports on acquisition opportunities

Opportunity to acquire production assets

  • Premier local operator teaming up with experienced capital

markets team in a tight investment vehicle

  • 19.9M shares out post-financing and post vend-in
  • Green Oil S.A. will be largest shareholder of Western Pacific

Resources

Experienced team

The Opportunity

04

slide-5
SLIDE 5

Luis Zapata CEO

  • Resources finance executive with 14 years of

experience financing Latin American mining projects

  • Launched Canaccord Genuity’s Latin America

Institutional Equities business unit in 2010

  • Former Partner & Head of Capital Markets at

Seminario SAB, Peru’s largest independent brokerage firm

  • Deep

ties to Ecuadorian mining industry having financed Ecuadorian mining companies since 2017

Jeff Dare Director

  • Over 12 years of experience acting as an

executive officer and director for TSX-V and CSE listed issuers

  • Currently serving as the Corporate Secretary

for several companies, including Great Bear Resources, ValOre Metals Corp., Fireweed Zinc, K2 Gold Corporation, Riverside Resources Inc. Kodiak Copper Corp. and Palladium One Mining Inc.

Darryl Cardey Director

  • Principal of CDM Capital Partners, a boutique

natural resources investment banking advisory firm

  • Co-founder
  • f

Northern Empire Resources (acquired by Coeur Mining Inc in 2018) and Underworld Resources (acquired by Kinross Gold in 2009)

  • Director and Founder of Otterburn Resources
  • Inc. (predecessor company to K92 Mining Inc)
  • Currently sits on the board of Eclipse Gold

Mining Corporation

Eddy Yu CFO

  • Chartered Professional Accountant with over

20 years of financial management experience.

  • Prior to joining Western Pacific Resources, Mr.

Yu has been providing executive management and financial reporting services to publicly- traded companies listed on the TSX Venture Exchange.

Luis Miguel Espinosa Director

  • Administrator

with

  • ver

15 years

  • f

experience in the natural resources industry in Ecuador

  • President
  • f

Green Oil S.A.,

  • ne
  • f

Ecuador's largest mining contractors since 2015

  • General Manager of Hidrotolumbi S.A. an

Ecuadorian hydroelectric company

  • Based in Quito, Ecuador

The Team

05

slide-6
SLIDE 6

Green Oil has operated or consulted on 4 non-commercial gold and copper mines in Ecuador. Some of these will become acquisition targets for Western Pacific

  • Family owned firm with deep roots in the Ecuadorian resources industry
  • Started up and operated the first commercial open pit gold mine in

Ecuador since 2016

  • Green Oil has an in-house integrated management system (IMS)

including mining engineers, geologists & environmental engineers

  • ISO 9001:9008 certified
  • Through our partnership with Green Oil, Western Pacific will have access

to at-cost geological services throughout Ecuador

Our Partner

Green Oil is one of Ecuador’s largest mining contractors with over 18 years' experience

Green Oil clients:

Green Oil S.A.

2018 Green Oil operations at Dynasty Goldfield; Ecuador’s first commercial

  • pen pit old mine. Source: Green Oil S.A.

06

slide-7
SLIDE 7

Path to Production

Growth through acquisitions to become an Ecuadorian Gold Producer

PHASE 1

Final naliz ize e Gree een n Oil trans ansacti action

  • n

TSX-V approval, target June 2020

PHASE 2

Due diligence on further assets Mine site visits, technical reports underway

PHASE 3

Add team members to complement existing Green Oil team

PHASE 4

Announce M&A Target Q3 2020

PHASE 5

Drill Julian Epithermal Target Permitting in progress

07

slide-8
SLIDE 8

Capital Structure

08

slide-9
SLIDE 9

Investment Highlights

Initial exploration asset, “Julian”, is adjacent to a known gold deposit, work program now underway Experienced capital markets team, alongside premier local operator in a tight investment vehicle 19.9M shares out post-financing and post vend-in Partnering with Green Oil (one of Ecuador’s largest mining contractors) to unlock value in their portfolio of opportunities Green Oil started up and operated Ecuador’s first commercial open pit gold mine Western Pacific Resources, in conjunction with Green Oil, is in advanced negotiations to acquire producing precious metal assets

09

slide-10
SLIDE 10

Launch Concession

  • El Mozo counts with historical exploration work completed by Newmont and

Iamgold in the 1990’s and an in-house (MINECA, 2011) non-43-101 compliant 382,192 oz Au resource based on drilling in 3 out of 8 known mineralized zones

  • The known El Mozo mineralized trend runs directly from El Mozo South-West
  • nto Julian but has not been drill tested
  • Julian is located on the same Miocene-Pilocene volcanic host rocks Piyasambo

Formation as the “El Mozo” project and it also is located to the south-west projection of the “Collay-Shincata” mineralized belt (epithermal mineral

  • ccurrences).
  • Ease of access with paved highway to within 30 mins of Julian
  • Green Oil S.A. has already begun drill permitting and development of social

license

  • Mapping
  • Geophysics
  • Rock and sediment sampling
  • Compilation and prioritization of 2020 drill targets plan

Our initial 100% owned asset The Julian concession covers 2,312 Ha and surrounds The El Mozo high sulfidation epithermal gold project

Julian Gold Project

Initial Work Program Completed Q1 2020

Julian Geological Setting. Source: GEOSEMS S.A S.A Julian Report, 2018 10

slide-11
SLIDE 11

Julian Gold Project

Geological Setting

11

Extracted from DRAFT Independent Technical Report on The Julian Concession, Ecuador NI 43- 101 Technical Report; Prepared for Western Pacific Resources Ltd By Dr Christopher Charles Wilson, FAusIMM (CP), FSEG, Exploration Alliance S. A. March 31st, 2020

slide-12
SLIDE 12

Extracted from DRAFT Independent Technical Report on The Julian Concession, Ecuador NI 43- 101 Technical Report; Prepared for Western Pacific Resources Ltd By Dr Christopher Charles Wilson, FAusIMM (CP), FSEG, Exploration Alliance S. A. March 31st 2020

Julian Gold Project

The Julian Project shows continuity of geology, major structures and alteration from the El Mozo project property. The exploration potential at Julian is focused on a high sulfidation epithermal gold bearing mineralization discovery

12

slide-13
SLIDE 13

Contact Us

info@westernpacificresources.com

LUIS ZAPATA

Canada: +1 236 858 9593 Peru: +51 947 384 069 www.westernpacificresources.com

TSX-V: WRP