TSXV:DVI
Corporate Presentation
February 2020 TSXV:DVI │ WKN: A1W3XF │ OTC:OCPFF www.dunnedinventures.com
Opportunities in North America Corporate Presentation February - - PowerPoint PPT Presentation
Copper Discovery Opportunities in North America Corporate Presentation February 2020 TSXV:DVI WKN: A1W3XF OTC:OCPFF www.dunnedinventures.com TSXV:DVI Forward Looking Statement This presentation contains "forward-looking
TSXV:DVI
February 2020 TSXV:DVI │ WKN: A1W3XF │ OTC:OCPFF www.dunnedinventures.com
TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com
This presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this presentation and Dunnedin Ventures Inc. does not intend, and does not assume any obligation, to update these forward- looking statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing. This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities of Dunnedin Ventures Inc. The reader is cautioned that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and might never be converted into Reserves. Figures may not sum due to rounding. Decimal figures do not indicate added level of precision. Cpt = carats-per-tonne; Mct=million carats; Mt=million tonnes Historic information reported herein was obtained from publicly available sources and industry reports. Dunnedin believes this information to be from reliable sources using acceptable industry practices at the time, but the Company has not independently verified and cannot guarantee the accuracy of the historic information disclosed, therefore readers should use caution in placing reliance on such information. Management also cautions that Dunnedin has not performed any exploration on the MPD Project to date. Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Dunnedin has no interest in, or rights to explore or mine any such properties and references to other deposits reported herein are not indicative of deposits or results obtained on the Company's properties. Jeff Ward, P.Geo, is the Qualified Person as defined by NI 43-101 standards responsible for reviewing the technical content of this presentation. 2
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Kahuna
Trapper Copper-Gold Project
(British Columbia)
◆ Gold-rich porphyry project
with significant size potential
◆ In Northern Golden Triangle
MPD Copper-Gold Project
(British Columbia)
◆ Recently consolidated
porphyry project
◆ Road accessible, in prolific
copper-gold belt, near producing mines
◆ “Gate Zone” Discovery in
2020 Mohave Copper- Molybdenum-Silver Project
(Arizona)
◆ Porphyry project near
Freeport McMoran’s Bagdad mine; geologically and structurally analogous
◆ Excellent infrastructure
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Dunnedin’s Copper Porphyry Projects:
100% Owned
Large footprint & size potential
Advanced exploration, previously drilled
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Christopher Taylor, Chairman
Mining entrepreneur and founder of Dunnedin. Structural and economic geologist with 20+ years of experience with producers and exploration companies. Founder, CEO & President of Great Bear Resources. Led the Dunnedin spin-out of Solstice Gold Inc and is a current Director.
Claudia Tornquist, M.Eng, MBA, President & CEO
Formerly GM at Rio Tinto working with Rio Tinto’s copper and diamond operations. Also held the position of EVP Business Development for the streaming company Sandstorm Gold. Led $176m sale of the Kennady Diamonds to Mountain Province as chair of the special committee of the board. Director of Silver One Resources.
John Robins, P.Geo, Advisor
30+ years of corporate experience with publicly listed companies. Founder of the Discovery Group of Companies. Director of Bluestone Resources, Fireweed Zinc, ValOre Metals, K2Gold. Founder and Director at Kaminak Gold through to its acquisition by Goldcorp for $520 million in 2017. Co-founder of Hunter Exploration and former Chairman of Northern Empire (sold to Coeur Mining).
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Board Members
Gary Schellenberg, B.Sc. Geology, Director 30 years of worldwide exploration and venture capital
the Snap Lake diamond mine to DeBeers in the 1990’s Steven Krause, CPA, CA, ICD.D, Lead Ind. Director CFO of Viva Gold Corp and former CFO of Bear Creek
$360m merger with JDL Gold to form Trek Mining Chad Ulansky, B.Sc. P.Geo, Director Extensive exploration experience in precious and base metals that includes the original Ekati diamond discovery Tony Ricci, CA, CFO & Director Chartered accountant with 20+ years of practice
sales
Advisors
Tom McCandless, Ph.D., P.Geo, 35+ years including Chief Mineralogist for Ashton Mining, Superior Minerals and Stornoway Jim Paterson, B.Comm 20 years of corporate experience with TSXV companies
Gold, ValOre Metals
Advisors (con’t)
Discoverer of Canada’s first diamond mine at Ekati, NWT, received an honorary Doctorate of Technology from Okanagan University College and numerous awards.
Management
Jeff Ward, P.Geo, VP Exploration Precious and base metals exploration and discovery in Canada. Exploration with Corona Corp, Ashton Mining, Stornoway Diamonds Andrew Berry, VP Operations Exploration operations in Canada for 15+ years Emily McNie B.Sc, Project Geologist Project geologist in Canada since 2011 Knox Henderson, Investor Relations 20 years marketing, investor communications for TSX-V, CSE and NASDAQ listed companies
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“While conventional cars have 18-49 pounds of copper, hybrid electric vehicles contain approximately 85 pounds, plug-in hybrid electric vehicles use 132 pounds, battery electric vehicles contain 183 pounds – Copper Alliance “BHP now estimates that “at least 132 million EVs will be on the world's roads in 2035” - BHP
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“Over the next 26 years the world is going to mine more copper than what has been mined in all history.” – USGS, Chief Economist, 2018 “To enable any plausible growth in emission-free energy, more copper will be required in the next 25 years than was consumed in the last 500 years.” – RioTinto
Source: MinEx
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8 Source: Wood Mackenzie, Rio Tinto
“Copper projects are notoriously large-scale in size, and the pipeline of new projects is the lowest in a century” - Mining.com
Supply gap opening up Oversupply / Lower and volatile prices 4-6 Mt of additional capacity required by 2025 Primary demand Base Case Production Highly probable projects
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Average mined copper grades (2017):
◆ World 0.59% ◆ Canada 0.35% ◆ US 0.33%
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Examples of Canadian copper mines (P&P reserves):
◆ Copper Mountain 0.23% Cu ◆ Highland Valley 0.3% Cu ◆ Red Chris 0.36% Cu Source: AME, company websites
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Copper Mountain Mine
◆
Large, 7,850-hectare (78.5 km2) land package in South-Central British Columbia, 100% owned
◆
Porphyry project consolidated from three properties (Man, Prime, Dillard); explored since the 1960’s but never as single project with modern methods
◆
In a proven, mineral producing belt with mines nearby (New Afton, Highland Valley, Copper Mountain), some with similar geology and mineralization to MPD
◆
Easily accessible and cost-effective to explore
Source: BC Geological Survey
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◆
Property adjacent to highways and with excellent road and trail access
◆
Close to nearby mines, transmission corridor and towns of Merritt, Princeton and Kelowna
To Merritt (35 km) To Princeton (25 km) 97C Summers Creek Rd 5 KM Man Dillard Prime
MPD PROPERTY
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To Kelowna (55 km)
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◆ 129 drill holes (25,780 m)
completed from 1966 to
include Rio Tinto PLC (LSE:RIO) and Newmont Mining Corp (NYSE: NEM)
◆ Numerous showings;
copper and gold confirmed across a large, 10km2 area
◆ Mineralization from surface,
historic drill holes rarely tested below 200m vertical depth
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To Merritt (35 km) To Princeton (20 km)
Man Dillard Prime
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◆
Deeper drilling for the first time in 2013 encountered significant intervals of copper/gold mineralization with increasing grade at depth
◆
Dunnedin’s first drill program in Nov 2019 designed to follow up on these results
Source: Historic Drilling in Assessment Reports to MEMPR, 1980 to 2013
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◆
Dunnedin’s first drill program at MPD in Nov 2019 (1,766m in 3 holes at Prime & Man Zones) yields excellent results
◆
Deeper drilling than historic holes
◆
Newly discovered ‘Gate Zone’ with significantly higher grades than historic drilling, with the longest mineralized interval reported to date
◆
Dunnedin’s drilled intervals compare favorably to grades reported from neighboring mines
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◆ Discovery hole MPD19-
003 mineralized from bedrock surface to 800m, open at depth and average grade of 0.28% CuEq over 763.6m (0.21% Cu, 0.07 g/t Au and 0.77 g/t Ag)*
◆ Several higher-grade
intervals including: 102m of 0.68% CuEq (0.53% Cu, 0.16 g/t Au and 1.71 g/t Ag)*
◆ Highest grades
encountered just below shallow historic drilling horizon
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*See Dunnedin news release 2020/01/16
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◆ Work to date show the hallmarks of a well-mineralized, large or multi-centre porphyry system
◆ Rarely drilled below 200m vertical depth, great discovery potential with deeper drilling
Historic IP chargeability compilation (contours mV/V Source: 2007 Magnetic and Induced Polarization Survey – Walcott and Associates Ltd. for Candorado Operating Co. Ltd. And 2013 Induced Polarization Survey – Dillard Property – Scott Geophysics Ltd. for Fjordland Exploration Ltd.
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Historic Cu in Soil Geochemical Compilation - Source: Assessment Reports to MEMPR, 1980 to 2008, Discovery Consultants Ltd, Candorado Op. Co. Ltd., Newmont Exp. Can. Ltd, Fjordland Minerals .
◆ Large geochemical anomalies coincide with geophysical anomalies in areas of known
copper-gold mineralization at surface and in drill holes
◆ Multiple near-term drill targets; best targets being selected for deeper drilling in Q2/20
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◆ Considered as an upright and intact porphyry
system with: zoned/varied alteration to depth; porphyry related veining-breccia and; pervasive Cu-Au-Ag mineralization
◆ Initial drill holes interpreted to have not yet tested
porphyry centre(s)
◆ Will now vector in on higher grade
mineralization, up dip and at shallower depths
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Gate Zone MPD-19-003: 111-805m (694m)
Gate Zone
Modified after Sinclair, W.D. 2007
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◆
100% owned copper-molybdenum- silver porphyry project with sizeable footprint
◆
1,025 hectare (10km2) land package in Mohave County, Arizona
◆
33km east of Freeport’s Bagdad mine; geologically and structurally similar
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Adjacent to highway & excellent infrastructure
◆
Complementary exploration season to Dunnedin’s projects in Canada
To Phoenix (160 km) 1 KM
MOHAVE PROPERTY
9 3 To Bagdad (33 km)
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◆ Drilling in 1960's/70's
identified porphyry mineralization in shallow RC holes (15)
◆ Very little recent drilling (11
holes in 2011) - historically defined targets, geophysical and geochemical anomalies remain untested
◆ Magnetics define sizeable
donut-type feature, characteristic of porphyry deposits
◆ Extensive rock and soil
mineralization over large area (2.5 x 2.5 km) with coincident IP anomaly
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◆
3,756 hectare (38 km2) land package in the northern Golden Triangle, Northern British Columbia, 100% owned
◆
Textbook copper/gold porphyry complex with alteration signature
◆
Geophysics, grab sampling and 42 holes (8581 m) of diamond drilling in 2011
◆
Adjacent to Brixton Metal’s Thorn property (554.70m of 1.97 g/t AuEq drilled in Sept 2019)
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Trapper
◆ Circular mineralized ring
zone with over 10km of strike surrounding a porphyry centre
◆ Gold-rich polymetallic
mineralization drilled across 2.2 kilometres, and associated surface copper porphyry showings
◆ 2011 drill program included
visible gold in core in drill hole flanking copper porphyry, including 34.11 m
TRAPPER PROJECT
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Assets
Jurisdiction
Infrastructure
Team
Robins, Tom McCandless Permitting/ Community
Key Milestones ✓ Q1 2020: MPD ‘Gate Zone’ Discovery ❑ Q1/2 2020: MPD Petrography / Geochemical / Geology Studies ❑ Q1/2 2020: MPD Airborne Mag / EM Geophysical Survey ❑ Q1/2 2020: Mohave Exploration Program ❑ Q2 2020: MPD Phase II Drill Program
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MPD Drill Results, Gate Zone Discovery Petrography-Geochem-Geology Airborne Mag/EM Survey Phase II Drill Program Phase II Drill Results Prospecting & Soil Sampling Phase III Drill Program Mohave Data Analysis & Targeting Phase I Drill Program Drill Results 2020 Program Q1 Q2 Q3 Q4
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Dunnedin Ventures to become…
Recent Share Price ~C$0.07 Market Cap ~C$11 M Shares Outstanding ~153 M Options ~ 10.7 M Warrants ~27.3 M Fully Diluted Shares ~191.3 M
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Name Change Kodiak Copper Corp. Symbol TSX-V:KDK Consolidation 5:1 Financing $3,000,000 Unit Share at $0.07 $0.35 FT Unit FT Share $0.09 $0.45 Each Unit with ½ Wt at $0.11 $0.55
52-Week Hi-Lo: $0.125 - $0.04 CAD
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Concept Exploration Discovery Feasibility Development Mining
Value High Risk – High Potential Lowered Risk Full Value
~2 years
Speculation Speculators Leave Orphan Period Institutional Investment Time, Risk
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1020 - 800 West Pender Street, Vancouver, BC, V6C 2V6 Phone: +1 604 646 8351 Email: IR@dunnedinventures.com www.dunnedinventures.com TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF