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TSX: ME TSX: ME 1
Moneta Porcupine Mines
Gold · Scale · Location
PDAC Presentation March 2017
TSX: ME OTC: MPUCF I XETRA: MOP
TSX: ME
Forward-looking Statements
This presentation contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events
or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements
regarding exploration results, potential mineralization, future plans and objectives of the Company and mineral resources) are forward-looking
statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently
available to the Company.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ
materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there
can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or
events to differ materially from current expectations include, among other things, uncertainties relating to the availability and costs of
financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations affecting the Company's
activities, the uncertainties involved in interpreting exploration results and other geological data and the other risks involved in the mineral
exploration industry.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or
results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements
due to the inherent uncertainty therein.
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TSX: ME
Investment Highlights
GOLD NI 43-101: 4.3M oz gold (Dec 2012) with significant growth potential
SCALE 2017: 40,000 metre drill program underway (outside NI 43-101 resource)
Potential Camp Scale gold system
LOCATION Timmins: one of most desirable world class camps/infrastructure
Large 150km2 land package which cannot be duplicated by newcomers
Adjacent to operating and past gold mines
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Flagship Golden Highway: 40,000m drill program one of the best gold assets in the Archean, in the heart of Ontario…
TSX: ME
Investment Highlights cont’d
VALUATION $54M market cap / $11 per oz enterprise value
NI 43-101: 4.3M oz gold
ROBUST EARLY Golden Highway: Prelim Economic Analysis (Dec 2012) ECONOMICS - 2012 gold: NPV $748M, IRR 24.4% -> USD1,350=CAD1,420 (0.95USD=CAD)
- 2016 gold: NPV $1.1B, IRR 32.3% -> USD1,200=CAD1,600 (0.75USD=CAD)
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…with anticipated improvement in PEA economics / re-rating in share price
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Property Portfolio
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100% interest in 5 gold projects along prolific Destor Porcupine Fault Zone corridor, all adjacent to headframes
TSX: ME
Moneta
Moneta:
- Italian for currency or ‘money’;
- Reflection of Italian immigrants who came to Timmins in early 1900s;
- Name etched in Timmins rich history: Moneta Avenue, Moneta Hotel
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Did you know?
Moneta founded in 1910: celebrating 107th birthday
Longest continuously listed mining company on
the big board TSX.
First gold bar
Moneta Gold Mine
Former gold producer 1939-1943
(total 150,000oz @ ½ oz/t)
TSX: ME
Timmins Camp
Mills
Major power grids
Drive to site: paved roads, logging roads
Local drillers, suppliers
Local skilled labour force
Community support – First Nations and residents
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Headframes and world class infrastructure…
75Moz gold production along Destor Porcupine Fault Zone
in last 100 years
4 operating mills
Numerous million plus ounce gold producers
TSX: ME
Golden Highway Project: Location, location, location
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World class infrastructure: provincial highway, logging roads, hydro-power, workforce, mills
Resources on 100% owned, patented and leased ground – secure land tenure with no royalties or encumbrances
TSX: ME
Why Moneta?
100% interest 5 gold projects along Destor Porcupine Fault Zone (DPFZ) corridor
Adjacent to 12+ headframes
Flagship: Golden Highway project
Very large, pervasive gold system
12km strike of DPFZ, one of the best in Archean
6 headframes east and west
Camp scale potential
Many target areas with limited drilling
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One of the last remaining junior gold assets of scale in Ontario.
NI 43-101: 4.3Moz (all categories)
2017: 40,000m drill program
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Golden Highway Project 2017: Drill program underway
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Mag, IP, known gold mineralization, and historical drill core, all correlated to generate targets in Destor volcanics
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Timmins Camp
Valuations
Technical successes in the camp bring renewed investor focus
Desirable M&A target – with a tangible asset
Lower costs
PEA, Pre-Feas and Feasibility Studies cheaper as infrastructure already in place
Quicker path to production
Lower costs: locally sourced - drilling, skilled labour, equipment
Insight on geology
Area has been de-risked for shareholders – known mineralized corridor
Deposits generally have a halo or multiple occurrences along strike
Insight on the mineralization style, potential grade
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In the shadow of headframes translates into…
Success in 2017 drill program: more desirable M&A target?
TSX: ME
Keys to Moneta’s success
Non-traditional flow through financings
Primarily leased and patented ground – no annual assessment
Know your shareholders, careful when issuing stock
Don’t encumber assets with royalty lenders
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Stick to the business plan…
No share rollbacks in 107 years
Keep overhead costs to a minimum
TSX: ME
Investor checklist
Effective use of investor funds – 85% into ground
Strong technical team
Location – pro-mining, world class camp along prolific DPFZ
Analyst research coverage
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Some considerations when buying junior stocks…
PEA: robust early economics
Meaningful insider ownership – skin in the game?
Top tier institutional ownership
TSX: ME
Golden Highway Project Success in drilling data gaps
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Discovery Zone: 2.02 g/t Au over 114.5m incl. 3.9 g/t Au over 24.0m, incl. 5.5 g/t Au over 9.0m
TSX: ME
Summary
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40,000m drill program on one of the best gold assets in the Archean, in the heart of Ontario…
Corporate Contact:
Moneta Porcupine Mines Inc.
65 Third Avenue,
Timmins, Ontario, P4N 1C2
www.monetaporcupine.com
+1.416.579.3040 I Toronto
+1.705.264.2296 I Timmins
TSX: ME OTC: MPUCF I XETRA: MOP
Material insider ownership – skin in the game
Success in 2017 drill program: - share price re-rating?
- more desirable M&A target?
NI 43-101: 4.3Moz
$11/oz enterprise value = $54M market cap
Exploration story with 12km DPFZ
PEA: robust early economics
Top tier institutional ownership
TSX: ME
Corporate Information
Stock exchange listings TSX: ME / OTC: MPUCF / Xetra: MOP
Share price range (52 week) $0.36 – 0.14
Recent price $0.23
Market capitalization $54 million
Shares outstanding 234 million
Fully diluted 274 million (29.4M warrants @ $0.39 11.1M options @ $0.23)
Ownership by insiders 22 million (9.4%)
Institutional ownership est. 15 million (6.6%) (Mackenzie Financial, BMO Investments, Eric Sprott, etc.)
Debt outstanding Nil
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Past Research Coverage
Tyron Breytenbach (2014) Cormark Securities Kerry Smith (2014) Haywood Securities Killian Charles (2014) Industrial Alliance Securities Don Blyth (2015) Paradigm Capital
Michael Fowler (2014) Loewen Ondaatje McCutcheon Craig Stanley (2013) Stifel Nicolaus Canada
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Board of Directors and Management
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Directors:
Warren Bates, P. Geo.
Senior VP of Pelangio Exploration (TSX: PDX) Richard Boulay, B. Sc. (Geology)
Director of Bonterra Resources Inc. Alex Henry, CPA, CA Capital markets financier and asset manager Ian C Peres, CPA, CA President & CEO; Founder and former Director/CFO of
Energy Fuels (TSX: EFR), former director and officer of several TSX and TSXV companies, and former CFO of Toronto Mining Merchant Bank
Patricia Sheahan, B. Sc. Independent director to TSX and TSX-V companies
Mark Wayne, LL.B., CFA Independent director to TSX and TSX-V companies,
former chairman of Alamos Gold
Management:
Ian C Peres, CPA, CA - President & CEO (Toronto, Ontario)
Extensive capital markets experience in the resource sector; track record of generating shareholder value
Richard Boulay, B. Sc. - Chief Financial Officer 15 years experience in mining and infrastructure financing
