Alder Presentation October 2014

  • Published on
    22-Nov-2014

  • View
    97

  • Download
    5

Embed Size (px)

DESCRIPTION

Alder Presentation October 2014

Transcript

<ul><li> 1. 1 TSX-V: ALR Extracting Value Early Via Staged Project Development October 2014 </li> <li> 2. 2 This document contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the development potential and timetable of the Rosita project; the timing and amount of estimated future development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: timing and availability of external financing on acceptable terms; unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of government approvals; actual results of exploration and mining activities; changes in project parameters as plans continue to be refined; future prices of metals; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements except in accordance with applicable securities laws. The technical and scientific information included herein has been reviewed and approved by Don Dudek, P.Geo , President and CEO of the Company, and a qualified person under National Instrument 43-101 of the Canadian Securities Administrators. Forward Looking Statements </li> <li> 3. 3 Staged Development Determine metallurgy of 8 million tonne on surface stockpile1,3 and 2 million tonne target tailings tonnage $150,000 3 months initial studies commenced Aug 2014 Define additional supergene mineralization targeting 2-5 million tonnes at 1.5% Cu equivalent2, cost $500,000 6 months Initial production of stockpile and supergene, cost determined by metallurgy and PEA production potentially by late 2016 Test obvious larger scale porphyry and skarn Cu-Au-Ag targets, 2017-2018 or sooner if funding permits 1 2 5 6 1.See Data in NI 43-101 Technical Report entitled Technical Report on Mineral Resource Estimate of the Rosita Stockpiles dated June 22, 2012 and filed on SEDAR. 2.Assumes a long term copper price of US$3.00/lb, gold price of US$1,300/oz and silver price of US$20/oz. 3.As reported in the news release issued by Alder on May 9, 2012, the inferred resource estimate totals 7.95 mt, at an average grade of 0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag with an overall copper equivalent grade of 1.01%. The inferred mineral resource contains 108 million pounds of Cu, 118,500 ounces of Au and 2.35 million ounces of Ag. 3 Complete PEA at a cost of ~ $250,000 4 months Complete infill drill program of stockpiles and near surface zones that have been defined - 2015 4 </li> <li> 4. 4 Investment Highlights Option to earn a 65% interest Open ended mineralized zones : historic production of 245 million lbs Copper, 160,000 oz Gold and 2.6 million oz Silver Located in Nicaragua - stable, pro-mining government , competitive tax code: 3% NSR, 30% Net Profits Tax all in Proven and experienced management team and Board of Directors Stockpiles inferred resource of 8 million tonnes containing 1.00% Copper Equivalent grade1,2,3 Supergene and oxide targets exhibit potential for 2-5 million tonnes at 1.0 2.0% copper equivalent Cu-Au-Ag porphyry mineralization discovered at Tipispan and Santa Rita areas and Cu-Au-Ag skarn deposit extends below Santa Rita pit Past producing Rosita Project in Nicaragua Strategic Location High grade resource Obvious exploration upside Experienced Management 1.Assumes a long term copper price of US$3.00/lb, gold price of US$1,300/oz and silver price of US$20/oz. 2.See Data in NI 43-101 Technical Report entitled Technical Report on Mineral Resource Estimate of the Rosita Stockpiles dated June 22, 2012 and filed on SEDAR. 3.As reported in the news release issued by Alder on May 9, 2012, the inferred resource estimate totals 7.95 mt, at an average grade of 0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag with an overall copper equivalent grade of 1.01%. The inferred mineral resource contains 108 million pounds of Cu, 118,500 ounces of Au and 2.35 million ounces of Ag. Processing of stockpiles/tailings Potential path to near term cash flow metallurgical studies commenced </li> <li> 5. 5 3,356 hectare concession in the prolific Mining Triangle 275 km northeast of the capital city of Managua, Nicaragua 7 km north of the Primavera, porphyry style, Au-Cu prospect 261.7m grading 0.78 g/t Au and 0.30% Cu (Calibre Mining/B2Gold) Rosita Project Location Cobre Panama 605 M tonnes Cu Cerro Colorado 1,445 M tonnes Cu Rated the safest country in Central America with a long mining history Modern infrastructure and easily accessible Mining unimpeded by socialist politics Competitive tax code : 3% NSR, 30% Net Profits Tax all in Three producing gold mines: La Libertad and El Limon Mines (B2Gold) Bonanza Mine (Hemco) No. 2 Latin Jurisdiction (Curtis @ Dundee) Prolific, underexplored mining district with a stable, pro-mining government </li> <li> 6. 6 *See data in NI43-101 Technical Report entitled Technical Report on the Copper- Gold-Silver Porphyry/Skarn Project at the Rosita D Concession dated January 5, 2012 which is filed on SEDAR. Managua Puerto Cabezas Siuna 2.3M ozs Au production* Rosita 108M lbs Cu, 118K ozs Au, 2.4M ozs Ag resource Primavera B2Gold/Calibre Discovery 261.7M @ 0.78 g/t Au, 0.30% Cu Forest Reserve Bonanza 3.0M ozs Au production* Alder Calibre Calibre-B2Gold Hemco Nicaragua An Emerging Porphyry District 8 million oz Au and 305 million lbs Cu produced in Mining Triangle of Nicaragua Minnesota New Au Discovery Riscos de Oro 22K Inferred Au Resources </li> <li> 7. 7 Project Geology, Targets and Prospects </li> <li> 8. 8 Porphyry Targets </li> <li> 9. 9 Santa Rita Targets Stockpiles include a NI 43-101 compliant inferred resource of 8 million tonnes containing 1.0% Copper Equivalent grade1,2,3 North Stockpile East Stockpile South Stockpile 1.Assumes a long term copper price of US$2.90/lb, gold price of US$1,200/oz and silver price of US$24/oz. 2.See Data in NI 43-101 Technical Report entitled Technical Report on Mineral Resource Estimate of the Rosita Stockpiles dated June 22, 2012 and filed on SEDAR. 3.As reported in the news release issued by Alder on May 9, 2012, the inferred resource estimate totals 7.95 mt, at an average grade of 0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag with an overall copper equivalent grade of 1.01%. The inferred mineral resource contains 108 million pounds of Cu, 118,500 ounces of Au and 2.35 million ounces of Ag. NE Stockpile </li> <li> 10. 10 Broken Rock Resource at Surface South Stockpile North Stockpile Large broken rock stockpiles at surface No excavation required for processing North East Stockpile </li> <li> 11. 11 Santa Rita Stockpile RC Drilling Large Broken Rock Stockpiles with existing 43-101 Compliant Inferred Resource 0.54 % Cu, 3.69 g/t Au, 5.2 g/t Ag/10.5m 0.29 % Cu, 0.10 g/t Au, 5.7 g/t Ag/12.0m 1.25 % Cu, 0.47 g/t Au, 11.8 g/t Ag/19.5m 2.21 % Cu, 0.14g/t Au, 15.3 g/t Ag/4.5m 0.54 % Cu, 0.51 g/t Au, 5.1 g/t Ag/10.5m Stockpiles include a NI 43-101 compliant inferred resource of 8 million tonnes containing 108.5 million lbs Cu, 118,500 oz Au and 2.4 million oz Ag (1.01% Cu Eq. grade1)2,3 Stockpiles were created in early 1970s when copper and gold prices were low. In todays market they are likely economic 1.Assumes a long term copper price of US$3.00/lb, gold price of US$1,300/oz and silver price of US$20/oz. 2.See Data in NI 43-101 Technical Report entitled Technical Report on Mineral Resource Estimate of the Rosita Stockpiles dated June 22, 2012 and filed on SEDAR. 3.As reported in the news release issued by Alder on May 9, 2012, the inferred resource estimate totals 7.95 mt, at an average grade of 0.62% Cu, 0.46 g/t Au and 9.2 g/t Ag with an overall copper equivalent grade of 1.00%. The inferred mineral resource contains 108 million pounds of Cu, 118,500 ounces of Au and 2.35 million ounces of Ag. </li> <li> 12. 12 STOCKPILE TONNES (Mt) Cu (%) Au (g/t) Ag (g/t) CuEq (%) Cu (M lbs) Au (oz) Ag (oz) NORTH 3.33 0.78 0.58 10.3 1.25 56.99 62,100 1,100,900 SOUTH 2.20 0.33 0.49 5.1 0.69 16.16 34,700 360,000 NE 0.55 0.50 0.22 9.6 0.75 6.06 3,800 168,300 EAST 1.88 0.71 0.30 12.0 1.03 29.33 17,900 725,100 TOTALS 7.95 0.62 0.46 9.2 1.00 108.54 118,500 2,354,300 Notes on Mineral Resource Estimation 1.See Data in NI 43-101 Technical Report entitled Technical Report on Mineral Resource Estimate of the Rosita Stockpiles dated June 22, 2012 and filed on SEDAR. 2.The mineral resource estimate base case is reported at a 0.15% copper equivalent cut-off grade; this cut-off incorporates consideration of mining and processing cost, recoveries, commodity prices and selling cost. 3.The mineral resource estimate is reported on an undiluted basis. 4.The mineral resource estimate assumes a long term copper price of US$3.00/lb, a gold price of US$1,300/oz and a silver price of US$20/oz. 5.Rounding as required by NI 43-101 reporting guidelines may result in apparent summation differences between tonnes, grade and contained metal content. 6.Tonnage and grade measurements are in metric units. Contained gold and silver ounces are reported as troy ounces, contained copper pounds as imperial pounds. 7.Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. 8.The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred mineral resources as indicated or measured mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured mineral resources. Santa Rita Inferred Stockpile Mineral Resource Robust resource base at low resource discovery cost of $0.01/lb Cu1 1.Based on the inferred copper mineral resource and total exploration expenditures of $900,000 Effective Date: June 22, 2012 </li> <li> 13. 13 Tailings sampling Detailed area in yellow dots with core samples to tailings base collected every 50 metres Outside area sample to an average depth of 2.76 metres with average grades of 0.16% Cu, 0.21 g/t Au and 5.56 g/t Ag and a surface area of 454,155 square metres not all cores went to base Average SG is 1.818 tonnes/m3 </li> <li> 14. 14 Tailing TONNES (Mt) Cu (%) Au (g/t) Ag (g/t) CuEq (%) Area A 1.75 2.25 0.14-0.30 0.52-0.57 6.37-12.55 0.51-0.75 Inc. Area B 0.4-0.5 0.38-0.41 0.70-1.00 6.37-10.65 0.88-1.14 Santa Rita Tailings Mineral Resource Target </li> <li> 15. 15 Project Geology, Targets and Prospects </li> <li> 16. 16 R13 and R13 West Targets Open Open Open Open Zones modeled from a plan map that presented Cu% over width A small 20 m deep pit was excavated in highest grade section Target of 1.0 to 3.5 million tonnes of 1.3-1.7% Cu equivalent* Zones open along northwest trends Mineralization outside of known trends indicates potential for additional zones Target can be tested with 39 to 45 holes on 50 metre centres averaging from 30 to 35 metres deep, having an estimated cost o...</li></ul>