A Southeast Alaska Development Opportunity
June 2017
Niblack Project A Southeast Alaska 36% Development Opportunity - - PowerPoint PPT Presentation
Niblack Project A Southeast Alaska 36% Development Opportunity 33% 22% 9% June 2017 Forward-Looking Statements This presentation includes certain statements that may be deemed "forward-looking statements". All statements in this
June 2017
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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 exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the Niblack project will obtain all required environmental and other permits and all land use and other licenses, studies and exploration of the Niblack project will continue to be positive, and no geological or technical problems will occur. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, potential environmental issues or liabilities associated with exploration, development and mining activities, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party
guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking
at www.sedar.com. Information Concerning Estimates of Indicated and Inferred Resources “This presentation uses the terms ‘Indicated resources’ and ‘Inferred resources’. Heatherdale Resources Ltd. advises investors that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, ‘Inferred resources’ have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Economic Assessment as defined under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.” “The securities of Heatherdale Resources Ltd. referenced herein have not been, and will not be, registered under the Securities Act of 1933, as amended, or under any state securities laws, and may not be offered or sold in the United States absent such registration or an exemption from registration.” Technical information contained in this presentation has been reviewed and approved by Mark Rebagliati, PEng, a qualified person who is not independent of Heatherdale Resources Ltd.
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* Alaska Industrial Development and Export Authority, Alaska’s development finance authority
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1 Based on comparisons with operations of similar deposit type. 2 Based on current mineral resources.
Interior of the Kensington mill with the grinding units in the foreground. July 2007
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Recoveries to copper and zinc concentrates Testwork conducted for Niblack Mineral Development Inc. by SGS Canada Met Lab based on two 75 kg samples
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Dock & Barge Camp Underground Development Supply Barge Accessible Deep Water at Niblack Anchorage Gravina Island Industrial Complex
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state by providing financing and investment.
financing and construction of the DeLong Mountain Transportation System at Red Dog.
Niblack Project and the potential mill facilities at the Gravina Island Industrial Complex (GIIC) with the Ketchikan Gateway Borough (KGB).
ports and power facilities resulting in opportunities to reduce CAPEX commitments.
development of the Niblack Project and the Gravina Industrial Complex for an ore processing facility
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mineralization
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C Zone – Felsic Flow Sulphide Contacts
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12 Higher Grade Indicated Resource
Cutoff @ US$150/t NSR Tonnes Cu % Au g/t Zn % Ag g/t Total 1,160,000 1.71 3.21 3.83 62.68
Note 1: Net Smelter Return (NSR) cutoff uses long-term metal forecasts: gold US$1,150/oz, silver US$20.00/oz, copper US$2.50/lb, and zinc US$1.00/lb; Recoveries (used for all NSR calculations) to Cu concentrate of 95% Cu, 56% Au and 53% Ag with payable metal factors of 96.5% for Cu, 90.7% for Au, and 89.5% for Ag; to Zn concentrate of 93% Zn, 16% Au, and 24% Ag with payable metal factors of 85% for Zn, 80% for Au and 20% for Ag. Detailed engineering studies will determine the best cutoff. Note 2: November 2011 estimates by Deon Van Der Heever, Pr. Sci. Nat., Hunter Dickinson Inc., a Qualified Person who is not independent of the Company.
Cutoff @ US$50/t NSR Million Tonnes Cu % Au g/t Zn % Ag g/t Indicated 5.6 0.95 1.75 1.73 29.52 Inferred 3.4 0.81 1.32 1.29 20.10
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14 Adit Extension
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from airport to GIIC
bill to House Committee
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Shareholding In millions Common shares 180.6 Total issued and outstanding shares 180.6 Warrants* 30.5 Convertible debt** 2.1 Options*** 0.9 Total fully diluted outstanding shares 214.1
18 * 25,863,868 warrants are exercisable into common shares of the Company at CAD $0.07 and expire in January and February 2019 and 4,594,940 warrants are exercisable into common shares at CAD $0.05, expiring in August 2017 ** Convertible debt is comprised of: (i) $USD60k debt convertible into common shares of the Company at CAD$0.05 per common share up to April 2016 and CAD$0.10 thereafter until the maturity of the loan in April 2018. Interest accrues in arrears at 12% per annum. (ii) $USD50k debt convertible into common shares of the Company at CAD$0.05 per common share up to August 2017 and CAD$0.10 thereafter until the maturity of the loan in August 2018. Interest accrues in arrears at 12% per annum. *** The Company has share options outstanding that expire between June and August 2017
19 David Copeland Executive Chairman, CEO &
Director
Dave Copeland is a geological engineer with thirty years’ experience in advancing mineral projects through feasibility, permitting, engineering design and initial development phases.
Robert Dickinson Director
Robert Dickinson is an economic geologist who has been actively involved in mineral exploration and mine development for over 40 years. He is Chairman of Hunter Dickinson as well as a director and member of the management team of a number of the public companies associated with Hunter Dickinson.
Lena Brommeland Director
Lena Brommeland has more than 20 years’ experience as a geologist managing major exploration projects in Alaska, British Columbia and around the world. Her experience includes onsite drill programs, environmental planning and permitting, and community relations activities for exploration and feasibility-level project.
Rene Carrier Director
Rene Carrier is a past Vice-President of Pacific International Securities Inc. He is also a director of a number of public companies.
Judy Thomson Director
Judy Thomson is a Chartered Accountant with over twenty- five years of professional experience in audit, business administration and human resources, holding senior positions with a global accounting and consulting firm in Canada and Asia. She was a director of Detour Gold from January 2007 to March 2009.
Mark Peters CFO
Mark Peters is a Chartered Accountant and holds a Bachelor's degree in Economics from the University of
financial reporting and taxation, working primarily with Canadian and US public corporations. Previously, Mr. Peters worked for PricewaterhouseCoopers LLP in the tax group.
Trevor Thomas Corporate Secretary
Trevor Thomas has practiced in the areas of corporate commercial, corporate finance, securities and mining law since 1995. Prior to joining Hunter Dickinson, he served as in-house legal counsel with Placer Dome Inc.
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15th Floor Phone: 604-684-6365 1040 West Georgia Street Fax: 604-684-8092 Vancouver, BC TF: 1-800-667-2114 Canada V6E 4H1 Email: info@hdimining.com Website: www.heatherdaleresources.com