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Mogul Ventures Corp. Q1, 2013

Mogul presentation jan 2013 final

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Page 1: Mogul presentation jan 2013 final

Mogul Ventures Corp. Q1, 2013

Page 2: Mogul presentation jan 2013 final

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THE FOLLOWING INFORMATION may contain forward–looking statements. Forward

looking statements address future events and conditions and therefore involve

inherent risks and uncertainties. Actual results may differ materially from those

currently anticipated in such statement. Forward-looking information is subject to

known and unknown risks, uncertainties and other factors that may cause Mogul

Venture Corp’s actual results, level of activity, performance or achievements to be

materially from those expressed or implied by such forward-looking information.

Such factors include, but are not limited to: uncertainties related to the historical

resource estimates, the work expenditure commitments; the ability to raise

sufficient capital to fund future exploration or development programs; changes in

economic condition or financial markets, regulatory, political and competitive

developments; technological or operational difficulties or an inability to obtain

permits required in connection with maintaining, or advancing projects; and labour

relation matters *All historical resource estimates quoted herein date from the 1960s and 1970s and are based on prior

data and reports obtained and prepared by previous operators and information provided by the State, using

a Russian classification system not compatible with 43-101. Insufficient data exists to compare Russian

categories to current C.I.M. categories. A qualified person has not completed sufficient work to verify the

classification of the historic mineral resources and as such they should not be considered as current

resources and they should not be relied upon. Mogul Ventures believes these historical results provide an

indication of the potential of the property and are relevant to ongoing exploration. It should also be noted

that mineral resources which are not mineral reserves do not have demonstrated economic viability as

defined by NI 43-101 guidelines.

www.mogulvc.com

Page 3: Mogul presentation jan 2013 final

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COMPANY OVERVIEW

• The company plans to monetize its coal assets

through conventional open-pit mining as well as

exploring the application of new technologies for

underground coal gasification

• The Tin+polymetallic metals project has significant

upside potential and appears amenable to open pit

mining

• The company leverages world-class management,

technical expertise and in-depth local knowledge

to acquire, explore and develop coal projects in

Mongolia

www.mogulvc.com

*Ovdog Hudag Coal Deposit, Mogul Ventures Corp. – NI 43-101 Report by SRK Consulting (China) Ltd., June 30, 2012

• Mogul Ventures Corp. focuses on

exploration, development and

production of thermal and coking coal

as well as base and precious metals in

Mongolia

• NI 43-101 compliant Inferred

Resources of 89.6 million tons of

coal established at Ovdog Hudag

Thermal Coal Deposit based on 14-drill

hole, 2,369 meters drilling program*

Shares Outstanding 112,499,907

Warrants Outstanding 554,195

Fully Diluted 113,054,102

Capital Structure (01.01.2013)

Page 4: Mogul presentation jan 2013 final

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MOGUL VENTURES TEAM

STEVEN KHAN, MBA, CFA Executive Chairman & Director

• Previous 20 years experience in all aspects of

the investment industry including executive

positions with regional and national full-service

Canadian investment brokerage houses

• Focused on strategic corporate and business

development as well as resource and venture

capital financing during the last nine years

• Holds Director and Executive Officer roles in a

number of public and private resource

companies

• Successfully completed major corporate

development initiatives both domestically and

internationally including in Japan, Korea and

China

www.mogulvc.com

JAMUL JADAMBA , MBA CEO, President & Director

• Formerly a natural resource and mining-focused

investment banker with an extensive capital

raising background, servicing worldwide

companies, especially in Mongolia

• Former Director and co-founder of the Metals

& Mining Group at Rodman & Renshaw LLC.

• Native Mongolian with well-established

relationships with influential business and

government leaders in Mongolia

• Extensively writes and speaks on topics of

Mongolian economy, development and politics

for organizations such as Oxford Analytica,

Institutional Investor and Business New Europe

Page 5: Mogul presentation jan 2013 final

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MOGUL VENTURES TEAM

www.mogulvc.com

MAZEN HADDAD Director

• A seasoned investor and financial professional,

Mazen is currently a Director of Argex

Titanium Inc, a publicly listed exploration

company that is entering into the

development stage for its flagship project.

• Formerly President of Township Capital Inc.

from 2005 until 2010.

• Previous to that, he was Chairman of SGI

Properties Canada Fund L.P., a private real

estate investment trust (REIT) focused on

residential real estate in Montréal as well as

Vice-President of SGI Capital Corp., a private

investment company.

• Mazen received a B.A. degree in economics

from Emory University of Atlanta, Georgia.

MICHAEL HAWKINS, P.Geo. Director

• Over 30 years of exploration experience in

Mongolia, PNG, Indonesia, Australia, North

America and Latin America.

• Formerly CEO and President of East Asia

Minerals Corporation. During his tenure at East

Asia, Michael and his team discovered multi-

million ounce gold deposits in Indonesia as well

as closed an unprecedented Mongolian uranium

• Previous to that, he was the Mongolia Manager

for AngloGold Ashanti.

• Michael has a proven track record for discovery

of high-grade deposits and has been directly

involved in the greenfield exploration, discovery

and development (pre-feasibility and feasibility

studies) of several million ounces of gold in the

Asia-Pacific region.

Page 6: Mogul presentation jan 2013 final

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MOGUL VENTURES TEAM

DAVID A. TERRY, Ph.D., P.Geo. Senior Technical Advisor

• Over 20 years of business experience in the natural resource sector, focused primarily on exploration of

precious and base metal deposits in North and South America.

• Director of and advisor to several publicly-listed mineral exploration companies

• Specializes in public company management, strategic planning, finance, advanced project evaluation,

identification and acquisition of opportunities, design and implementation of effective and cost-efficient

exploration programs

• Held positions with a number of senior mining companies including Boliden Limited, Westmin Resources

Limited, Hemlo Gold Mines Inc., Cominco Limited and Gold Fields Mining Corporation

www.mogulvc.com

Page 7: Mogul presentation jan 2013 final

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MONGOLIA OVERVIEW

• Recognized as the home to some of the world’s largest natural resource deposits

including coal, gold and copper

• Strategic location

• Next door to the biggest consumer of commodities in the world – China

• Mining is the most important sector:

• “Contributes 30% of GDP and 70% of exports”(1)

• Favorable political environment:

• Mongolian Government focused on the long-term development of resource-related

sectors and favorable policies towards business and foreign investments

• Stable business-friendly democracy:

• 20-year, uninterrupted history of peaceful and democratic government

• Homogenous country with minimal risk of ethnic or religious conflict

www.mogulvc.com

Source: (1) the Ministry of Mineral Resources & Energy of Mongolia

Page 8: Mogul presentation jan 2013 final

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MONGOLIA COAL OVERVIEW

• Viewed as Saudi Arabia of

coal

• Total Minable

resources estimate

~162 billion tons (7)

• Rapid growth potential

• Current production

~20 million tons per

year (mostly exported

to China)

• Production expected

to reach 60 - 70

million tons by 2015(8)

Source: (7), (8) Renaissance Capital’s June 15, 2011 report on “Moncoalia”

www.mogulvc.com

Page 9: Mogul presentation jan 2013 final

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MONGOLIA COAL OVERVIEW

• High quality and highly accessible:

• Generally near surface, ideal for low cost open pit mining, dominated by high-

quality low ash, low sulfur and low phosphorous coals

• Known geology:

• 12 coal basins, 3 regions with over 200 deposits of thermal and metallurgical grade

coal

• Main coal formation ages: Carboniferous-Permian, Jurassic, Cretaceous and Tertiary

• Thick coal seams formed in all ages

www.mogulvc.com

Page 10: Mogul presentation jan 2013 final

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REGIONAL COAL DEMAND

• China, Mongolia’s southern neighbor, is the world’s leading consumer of coal with

annual demand of 2 billion tons

• China’s coal demand is expected to increase - planned power plant construction in

China is heavily concentrated in the northeast

• Domestic coal demand will increase significantly as Mongolia plans to exponentially

increase its own power infrastructure

• Coals of Northern China tend to be of a lower calorific value as compared to those

from the South and middle Gobi basins of Mongolia. China has a shortage of coking

coal

• The Chinese Government is focusing on fixed asset investments inland into Central

and Western provinces where Australian and Indonesian coals are not competitive

www.mogulvc.com

Page 11: Mogul presentation jan 2013 final

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BLACK HILLS PROJECT LOCATION

Black Hills (Khar Tolgoi)

Source: Mongolian Railroad

Policy, Eurasia Capital

Source: Mongolian railroad Policy, Eurasia Capital

www.mogulvc.com

• 34,055 hectare mining license

• Comprises of the Ovdog Hudag and Ikh Ulaan-Nuur coal deposits, Oortsog Ovoo

polymetallic deposit and other known occurrences of fluorspar, sand and aggregates

• 100 km southwest from Choir railway station

• 35 Kilowatt power line on the property

• Easily accessible all year around

Page 12: Mogul presentation jan 2013 final

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BLACK HILLS PROJECTS

www.mogulvc.com

Deposit Resource Commodity

OORTSOG OVOO 39,237.2 t (historic) Tin (Sn)

OVDOG HUDAG 89 Mt (NI 43-101) Thermal Coal

IKH ULAAN NUUR 86.4 Mt (historic) Thermal Coal

Page 13: Mogul presentation jan 2013 final

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OVDOG HUDAG COAL DEPOSIT

• In 2011 a 14 hole, ~2,370 m core drilling program confirmed

the historical work on the deposit, forming the basis for a NI

43-101 Resource Estimate by SRK Consulting

• NI 41-101 Report summary results:

• Estimated Inferred Resources of 89.6 Mt*

• 8 coal seams recognized – 4 fully mineable, 2 partially

mineable

• Classed as High Vol Bituminous A Thermal Coal

• Average Gross Calorific value – 5,636 to 6,431 kcal/kg (daf)*

• *3,776 to 4,952 kcal/kg on a dry basis; daf = dry ash free

basis

• Average Volatile Matter – 29.9 to 37.9%

• Average Fixed Carbon – 32.3 to 39.5%

• Average Ash – 22 to 33% - washing will reduce

• Average Sulphur - 4.94

*Ovdog Hudag Coal Deposit – NI43-101 Report by SRK Consulting, June 30, 2012

Photo: Dirll rig 2011

• Ongoing technical program by Norwest indicates that washing significantly reduces ash

and sulphur and that, on average, 80% of the sulphur is contained in pyrite which is

commonly visible in drill core.

Page 14: Mogul presentation jan 2013 final

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OVDOG HUDAG & IKH ULAAN-NUUR DEPOSITS

• Ovdog Hudag coal deposit historical resources, based

on Russian drilling from the ‘60s and ‘70s, using a

Russian Classification system and based on >85 drill

holes:

• 1968: C1+C2 resources totalling 201.2 Mt*1

• 1970: B+C1+C2 resources totalling 168.2 Mt*1

• Ikh Ulaan-Nuur coal deposit is located 7km NNE of

Ovdog Hudag and was defined by Russian drilling in

the ‘60s and ‘70s

• 1970: A+B+C1+C2 resources totalling 86.4 Mt*1

• Excellent potential for additional coal resources to be

delineated in the undrilled area between Ovdog

Hudag and Ikh Ulaan-Nuur

• Re-drilling of Ikh Ulaan-Nuur will add to NI 43-101

resources

• Open pit accessible coal resources with expected low

strip ratio

*See Page 2 Note 1 SRK Consulting External Technical memo, May 28, 2011; Technical Report on the Coal Resources of the

Ovdog Hudag Coal Deposit Dundgovi Province, Mongolia” prepared by Flore Tungalag

www.mogulvc.com

Page 15: Mogul presentation jan 2013 final

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OORTSOG OVOO SKARN SYSTEM • Cassiterite (Sn) skarn system with Cu-Zn-Pb-Fe-

W-Ag-In

• Twenty four ore bodies have been identified and

studied to varying extents

• Historic exploration focused on Sn provided

following results:

• Historic Resources totalling 39,237 t Sn

Metal reported*

• ~6.7 Mt at an average grade of 0.60% Sn,

with no credits for other metals present

• The deposit was proposed to be mined via 5

open pits to a maximum depth of 150m, with

average stripping ratio of 4:1

• Low Sulphide Sn-dominant (0.25 to 1.13%

Sn) and High Sulphide Zn-Pb-Cu-Fe-Ag-In

zones delineated

• Tremendous exploration upside as

historically only outcropping ore bodies

were explored at shallow depths, minimal

exploration focused on Au

Oortsog Ovoo

*Historical resources - see note on Page 2 of Presentation

Page 16: Mogul presentation jan 2013 final

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OORTSOG OVOO SKARN SYSTEM

• 41 holes were drilled on

three of the depicted zones

• A significant trenching

program of 207 trenches was

also conducted

• Rock chip samples taken by

Mogul also had high grades of

copper ranging as high as

1.5%, 3% and over 6%

• Mogul is planning a

geophysical, mapping and

drilling program for 2013,

expecting to report initial NI

43-101 compliant resources

in Q3-Q4 of 2013

Page 17: Mogul presentation jan 2013 final

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OORTSOG OVOO COMPARABLE

* Historic resource based on 41 drill holes and 207 trenches. Does not include credits for other metals present such as Cu, Pb,

Zn, Ag, Au, Bi, Cd and Fe

** JORC compliant resources: Inferred 37,000 t, Indicated 17,000 t

*** Grade doesn't include credits for other metals present

• Kasbah Resources is a close comparable to Oortsog Ovoo

• Kasbah’s Achmmach deposit has a known 2km strike length of mineralization. Oortsog Ovoo

system is observed over a strike length of ~3km by 3km

Sources: Kasbah Resources website, Mogul Ventures

Project Location Main Mineral Resources Grade

Mkt Cap

(01/16/13)

Proposed Mining

Method

Oortsog Ovoo Mongolia Tin 39,200 t* 0.60%*** N/A Open Pit

Kasbah Morocco Tin 54,000 t** 0.80% $63M Underground

Page 18: Mogul presentation jan 2013 final

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BLACK HILLS: KEY ADVANTAGES

• Strategic location close to existing rail line (parallel line planned) providing

ready access to Chinese markets

• Open pit accessible thermal coal resources with expected low strip

ratio

• NI 43-101 compliant Inferred Resource of 89.6 Mt from 2,370m of drilling in

14 holes at Ovdog Hudag deposit

• Excellent potential to significantly expand the projects’ coal resources

through:

• Infill and step-out drilling at Ovdog Hudag deposit where substantially larger

historical resources were delineated by Russian work in the 1960s and 1970s

through more detailed drilling

• Ovdog Hudag Coal Deposit remains open to the north

• Drilling of the Ikh Ulaan Nuur deposit 7km NNE of Ovdog Hudag (86.4 Mt*1)

• Testing the undrilled area between the two known deposits

• The Oortsog Ovoo skarn system has significant metals potential (Sn, Cu, Fe,

Ag, Au)

1 Technical Report on the Coal Resources of the Ovdog Hudag Coal Deposit Dundgovi Province, Mongolia”

prepared by Flore Tungalag

www.mogulvc.com

Page 19: Mogul presentation jan 2013 final

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GOALS AND OBJECTIVES - COAL • Additional drilling and surface exploration to maximize

Black Hills’ full potential including:

• Infill and expansion drilling to expand resources and

upgrade resource category

• Step-out drilling between Ovdog Hudag and Ikh

Ulaan-Nuur to delineate additional resources

• Re-drill Ikh Ulaan-Nuur

• Commence detailed development studies including:

environmental baseline, processing, mine design

• Commence an economic evaluation

• Develop Black Hills towards production

• Seek strategic partners for funding expansion, off-take,

development of a power plant, and application of new

technologies for monetizing deep-in-ground stranded

coal

• Acquire additional coal projects focusing on coking coal

and thermal coal in proximity to near-term

infrastructure development

Photo: Core being bagged from Drill 2, 2011

www.mogulvc.com

Page 20: Mogul presentation jan 2013 final

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GOALS AND OBJECTIVES - METALS

• Exploration at the Oortsog Ovoo polymetallic project

will include:

• Ground and airborne geophysical surveys

• Surface sampling and mapping

• Confirmation drilling of historical drill holes

• Expansion and step out drilling

• Expand exploration with the aim of making Oortsog

Ovoo a world-class polymetallic project with a focus on

Sn and Cu

• Move the project towards feasibility and development

Photo: Mogul staff and geologists at Oortsog Ovoo skarn, 2012

www.mogulvc.com

Page 21: Mogul presentation jan 2013 final

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SUMMARY HIGHLIGHTS • One of the few exploration and mining companies operating in Mongolia that has

significant local ownership. It has extensive local expertise and execution capabilities

• Black Hills (Khar Tolgoi) property is one of the largest mining licenses in the country

and has two significant projects: Ovdog Hudag-Ikh Ulaan Nuur are substantial thermal

coal projects close to infrastructure with significant expansion potential, Oortsog

Ovoo polymetallic project has already a substantial historic resource that Mogul

believes can be expanded significantly

• NI 43-101 Inferred Resources of 89.6 Mt* of coal

• Excellent potential to significantly expand the projects’ coal resources through infill

and step-out drilling at Ovdog Hudag deposit, where substantially larger historical

resources were delineated by Russian work in the 1960s and 1970s, through more

detailed drilling

• China continues to utilize thermal coal as a viable energy source

• The company has unique access to a proprietary pipeline of acquisitions

• The company and its principals have a broad network of strategic partners,

professional service providers and capital sources to build long-term successful

projects and create significant shareholder value

www.mogulvc.com

*Ovdog Hudag Coal Deposit – NI43-101 Report by SRK Consulting, June 30, 2012

Page 22: Mogul presentation jan 2013 final

Contact Information +1 416.915.4202 | [email protected]

Suite 5700 – 100 King Street East

Toronto, Ontario

M5X 1C7, Canada