WORLD CLASS COPPER GOLD DISCOVERY CORPORATE PRESENTATION - - PowerPoint PPT Presentation
WORLD CLASS COPPER GOLD DISCOVERY CORPORATE PRESENTATION - - PowerPoint PPT Presentation
W W W. C O R D O B A M I N E R A L S . C O M MAKING THE NEXT WORLD CLASS COPPER GOLD DISCOVERY CORPORATE PRESENTATION Forward-Looking Statement These presentation slides (the Slides ) do not comprise a prospectus or other form of
These presentation slides (the “Slides”) do not comprise a prospectus or other form of offering document relating to Cordoba Minerals Corp. (“the Company”), and do not constitute an offer or invitation to purchase or subscribe for any securities of the Company or any other company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities of the Company or any other company. Your attention is drawn to the risk factors set out below. This presentation contains forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. The Company’s current projects in Colombia are at an early stage and all estimates and projections are based on limited, and possibly incomplete data. More work is required before geological and economic aspects can be confidently modeled. Actual results may differ materially from those currently anticipated in this
- presentation. No representation or prediction is intended as to the results of future work, nor can there be any guarantee that estimates and
projections herein will be sustained in future work or that the Project will otherwise prove to be economic. Christian Grainger, P.Geo., a qualified person under National Instrument 43-101, has reviewed the technical information contained herein.
Forward-Looking Statement
2
- The Company’s San Matias Project hosts the open-pittable high-grade and
potentially large scale Alacran deposit with an initial Inferred Resource
– 53.5M tonnes at 0.70% Cu and 0.37 g/t Au (0.95% CuEq or 1.41 g/t AuEq) – 1.1 billion pounds of copper equivalent or 2.4 million ounces of gold equivalent – Potential new high grade CBM Vein discovery: 4,440 g/t gold + 10.25% copper +
24.70% zinc + 347 g/t silver over 0.90 metres
- The San Matias Project is located at sea level and hosts district scale copper-
gold potential in a newly discovered region of Colombia
- Excellent infrastructure: near two large operating open-pit mines and power
with a skilled workforce readily available
- Fully financed with a partnership with HPX (Robert Friedland company) to
fund a discovery through feasibility study within the San Matias Project
Investment Highlights
3
Capital Structure
Share Price Performance Share Capital
Symbols (TSX-V; OTCQX) CDB; CDBMF Shares Outstanding 88.6 Million Warrants ($0.21 - $1.50) 13.6 Million Market Cap @ $ 1.40 $124 Million Insider Ownership ~ 45% Cash Balance $2 Million
Large and Institutional Shareholders:
HPX (Friedland) Continental Gold Sprott BlackRock Mackenzie PowerOne
4
- San Matias Project and the
Alacran Deposit are located in northern Colombia
- Total land package 203,848 Ha
- Cordoba locked up the newly
discovered copper-gold district
- Numerous copper-gold artisanal
mines with potential for a Tier One porphyry District Scale Potential
5
- Two operating open-pit mines nearby
- Cerro Matoso (South32): Ni-laterite mine
and ferro-nickel smelter
- Carbon del Caribe (Argos): open-pit coal
- perations
- Infrastructure including power and
paved national highway and roads
- $450 million thermal coal plant recently
commissioned
- Skilled workforce readily available
- Ideal open-pit topography - sea level
Ideal Location with Infrastructure
6
- Initial high grade pit constrained copper-gold Inferred Resource with potential to
significantly increase the size and scale of the Alacran Deposit
- The Mineral Resource was estimated within a corridor of approximately 1.3 km
- n strike and 355 metres horizontal width and a depth of only 220 metres
- Mineralization and deposit remains open and current drilling program is outside
resource envelope
Alacran Mineral Resources
7
Inferred Material Grade Metal Copper Equivalent Gold Equivalent (Mt) Copper (%) Gold (g/t) Copper (Mlb) Gold (Koz) CuEq (%) CuEq (Mlb) AuEq (g/t) AuEq (Koz)
>0.3 Cu Eq 53.52 0.70 0.37 827 644 0.95 1,121 1.41 2,426 > 1.0% Cu 7.37 2.14 0.41 348 98 2.42 393 3.59 850
* Pit constrained, mineral resources are reported in relation to a conceptual Whittle pit shell. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. Mt: millions of tonnes; Mlb: millions of pounds; Koz: thousands of ounces. ** Copper equivalent grades are based on estimated copper and gold values, metal prices $2.50/lb Cu and $1300/oz Au. metal prices are not constant and are subject to change. *** Pit constrained mineral resources are reported at a copper equivalent cut-off of 0.3% and applying assumed metal recoveries of 90% for Cu and 80% for Au. Note no metallurgical test work has been undertaken by Cordoba and the recoveries are estimates only.
High-grade copper-gold mineralisation from surface on section that is up to 400m lateral and open down dip. Very low strip ratio.
Alacran Mineral Resources
8
24m @ 1.64% Cu, 0.62 gt Au 109m @ 0.95% Cu, 0.35 gt Au 15m @ 0.65% Cu, 0.30 gt Au 63m @ 0.40% Cu, 0.15 gt Au
200m
115m @ 0.92% Cu, 0.85 gt Au
- Inferred mineral resources are
within a conceptual Whittle
- pen-pit shell over 1.3 km and
to a depth of only 220 metres
- Drilled copper-gold
mineralization occurs below the pit shell but not included in the resource due to sparse drilling
- Additional ”unclassified”
mineralization within the pit- shell but not included in the resource provides immediate drilling potential to increase tonnages
Alacran Expansion Potential
9
Copper-gold mineral resources in the Inferred category and unclassified mineralized material in relation to a conceptual Whittle pit shell and drill-hole traces, 3D view towards northeast
- Mineral resources start from
surface to a current depth of only 220 metres
- High grade Inferred shell of
7.4Mt at 2.14% Cu and 0.41 g/t Au
- The Alacran deposit has potential
for open-pit development at relatively low strip ratios (subject to an economic study)
- Conversion of “unclassified”
mineralization to a resource will potentially decrease waste to ore ratios further
Alacran Large Scale Potential
10
Plan view of copper-gold mineralization “grade” shells, , drill-hole traces and conceptual Whittle pit shell
- Identified Carbonate-Base-Metal-
Veins
- Similar to Continental Gold’s Buritca
and Barrick’s Pogera HG mines
- ACD036: 4,440 g/t gold + 10.25%
copper + 24.70% zinc + 347 g/t silver over 0.90 metres
- Structurally controlled CBM veins
hosted in a late stage chalcopyrite-sphalerite-carbonate- coarse gold vein that overprints earlier chalcopyrite-pyrrhotite copper-gold mineralization
- Drilling will focus on determining
the extent of the CBM veins
Alacran High Grade Potential
11
Figure 1: Image of strong coarse visible gold in sphalerite-carbonate vein cutting chalcopyrite in ACD036
Alacran – Just the Beginning
12
Significant potential for large tonnage open-pit copper gold deposit
Alacran Deposit
13
Intense mineralization
- San Matias has the potential for
multiple large scale discoveries
- Three parallel 13-km north-south
trending structures
- Main porphyry trend hosts multiple
porphyry intrusive centres (Montiel and Costa Azul) with large, high grade gold targets east of the trend
- Alacran current inferred resources of
54Mt at 0.7% Cu and 0.37 g/t Au with potential to grow
- Hunting for the source porphyry at
Alacran - potential game changer
District Scale Potential
14
District Scale Potential
15
- Numerous copper and gold
targets along the trends
- Alacran is just the first
discovery with potential for tier one porphyry discoveries
- Targets will be drill tested in
2017
Why a Partnership with HPX
- Proprietary, deep IP Typhoon technology to explore district scale potential of San Matias
- Proven team at finding world class assets – Voisey’s Bay (Canada), Oyu Tolgoi (Mongolia), Kamoa
(DR Congo), Platreef (South Africa)
- Joint Venture terms includes:
- Phase 1 – $6 million for a 25% interest (completed)
- Phase 2 – additional $10.5 million for a 51% interest (completed)
- Phase 3 – carry to feasibility for a 65% interest (unlimited spend)
- HPX has entered Phase 3 of the JV with a focus to advance Alacran and discover a Tier One
Porphyry
- HPX owns 37% of Cordoba with a three year standstill agreement
16
Experienced Management
Mario Stifano – President and CEO Over 12 years of experience in the mining sector, having raised over $600 million in project financings. Former CFO of Lake Shore Gold and Ivernia Inc. with projects moved from exploration to commercial production Cybill Tsung – Chief Financial Officer CPA and CA with over 14 years of diverse international experience in TSX and TSXV-listed companies with a mining focus. Former CFO of Sabre Metals Inc. and Corporate Controller for Andina Minerals Inc. Christian Grainger – Vice President, Exploration More than 15 years of experience as a geologist in Latin America, Australia and West Africa, specializing in grassroot and brownfield exploration, resource definition and development. Former VP Exploration-Regional for Continental Gold Claudia Herrara – Country Manager Over 15 years of experience administering mining companies in Colombia. Attorney at Law and Economist specializing in contracts, government and environmental issues. Recently appointed to the Board of Directors of the National Mining Association of Colombia Sarah Armstrong – Vice President, General Counsel Previously with Linklaters and Xstrata and has nine years experience in emerging markets leading transactions in Asia and Latin America including Hong Kong, Singapore, Mongolia, China, Chile, Peru and Colombia Charles Forster – Special Advisor
- P. Geo has more than 45 years experience, including SVP of Exploration at Oyu Tolgoi and led the discovery team of the world class
Oyu Tolgoi copper gold porphyry in Mongolia Luis Fernando de Angulo – Special Advisor CSR specialist with experience at Cerrajon in Colombia and Occidental Petroleum
17
Experienced Board
Peter Meredith – Chairman Director of Ivanhoe Mines Ltd. (formerly Ivanplats), a former Deputy Chairman of Turquoise Hill Resources and a former partner at Deloitte LLP. David Reading – Director Former CEO of Aureus Mining Plc and former CEO of European Gold Fields and general manager African exploration for Randgold Ignacio Rosado – Director CEO of Volcan a large Peruvian Zinc and Silver producer and former CFO of Hochschild Mining Eric Finlayson – Director Geologist with 30 years of experience including five years as head of exploration for Rio Tinto Bill Orchow – Director Former CEO of Revett Minerals Inc. and prior CEO of Kennecott Minerals Co from 1994 to 2002 (Rio Tinto) Tony Makuch – Director Former CEO of Lake Shore Gold and current CEO of Kirkland Lake Gold. Engineer with over 25 years of operation experience including COO of FNX Mining Govind Friedland – Director Executive Chairman of GoviEx Uranium and founder of Ivanhoe Industries
Note: HPX has the right to nominate one Board Member
18