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RDS:TSX.V
High Grade Gold in the Cadillac Mining Camp
Cautionary Statement
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for historical information, the statements made in this presentation are forward-looking statements involving significant risks and uncertainties. These risks and uncertainties include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, and other factors. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. All references to currency made in this presentation are in Canadian dollars unless otherwise stated. The geological information contained in this presentation have been reviewed and approved by Yolande Bisson, eng. MBA, independent consultant for Radisson who is a Qualified Person as defined under NI 43-101.
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RDS at a Glance
Ø 4.5 km along the famous Larder-Lake-Cadillac Fault Ø Historic production of 587,121 oz at 0,448 opt
Ø PEA underway for the O’Brien project
Ø Early stage diversification by strategic acquisition in 2013
Ø All properties are 100% owned by the company Ø Experienced board of directors with +14% ownership
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JEAN-MARIE DUPONT Director and Chairman of the Board
MARIO BOUCHARD President, Chief Executive Officer and Director
DENIS LACHANCE, Eng. Director
MICHEL GARON, M.Sc.A. Director
JEAN DION Director
MARIANNA SIMEONE Director
LUC SIMONEAU Director
Board of Directors
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Success of a Project Resides in Team Synergy
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Denis Lachance, Eng, QOI • President of Koniambo Nickel SAS > 7G$ • Vice president operations at Xstrata Nickel (Raglan) • GM for Noranda Inc. • GM for TVX Gold Inc. (Casa Berardi) • GM for Agnico Eagle Mines (Joutel division and Goldex project). Michel Garon, M.Sc.A • Project Manager at the Rouyn-Noranda office for engineering firm WSP • GM of the Lake Doré project for Lake Doré Mining Inc • GM of Noranda Inc.'s Matagami Mine • Vice President of Smelting Operations at the Brunswick Mining and Smelting • Manager of Underground Mining Operations at the Opemiska Division of Minnova Inc Jean Dion • Visionary and one of the most influential entrepreneurs in Rouyn-Noranda • Founded the Dion group in the 90s ( more than 350 employees now ) • Dion group includes more than 12 companies involved in mining, construction
equipment, equipment rental, real estate, the automotive sector and recreational products.
Properties in Quebec
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• Low-Risk, supportive jurisdiction
• Exploration supported
by Federal and provincial tax incentives
• Access to a low cost
and specialized working pool
• Properties easily
accessible by paved or logging roads
The Cadillac Mining Camp
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Old O’Brien - 36E - Kewagama
The O'Brien Project – Increased inferred resources by 181% in 2015
Current Resources
Historic Resources
Source 1 43-101 Technical report for the O’Brien project, Abitibi, Québec, by InnovExplo, April 10, 2015 Source 2 Charlton Report, October 1995 – Non NI 43-101 compliant historic resources
Old O’Brien Area2 539,327 short tons at 0.21 oz/t Au
Historic: 110,786 ounces
36E and Kewagama Areas1
570,800 short tons @ 6.53 g/t Au Indicated: 119,819 ounces
918,300 short tons @ 6.38 g/t Au Inferred: 188,466 ounces
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*These “resources” are historical in nature and should not be relied upon. It is unlikely they conform to current NI 43-101 criteria or to CIM Standards and Definitions, and they have not been verified to determine their relevance or reliability. They are included in this section for illustrative purposes only and should not be disclosed out of context
The O'Brien Project – Longitudinal map
9 Source 43-101 Technical report for the O’Brien project, Abitibi, Québec, by InnovExplo, April 10, 2015
Resource sensitivity at other cut-off scenarios
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Indicated Inferred
Area Cut-‐off Tonnage Grade g/t Ounces Area Cut-‐off Tonnage Grade g/t Ounces
2.00 1,384,700 4.22 188,049 2.00 3,388,500 3.64 396,601
2.50 991,200 5.01 159,770 2.50 2,254,100 4.36 315,725
All 3.00 748,800 5.75 138,456 All 3.00 1,525,300 5.12 251,293
Areas 3.50 570,800 6.53 119,819 Areas 3.50 918,300 6.38 188,466
4.00 444,300 7.33 104,676 4.00 663,500 7.42 158,273
5.00 320,800 8.43 86,939 5.00 486,200 8.52 133,245
Source 43-101 Technical report for the O’Brien project, Abitibi, Québec, by InnovExplo, April 10, 2015
Comments on the 36E area Nugget Effect
§ The presence of a nugget effect specific to the Old O’Brien mine has been noted in the modeling of 36E area
§ NI 43-101 resource estimate update done in 2015: § High grade capping (Au) was done on raw assay data and
established on a sector basis: Western zones: 65 g/t, Eastern zones: 30 g/t.1
Source 1 43-101 Technical report for the O’Brien project, Abitibi, Québec, by InnovExplo, April 10, 2015 11
2014 metallurgical testing program
§ 11.13 g/t Au average grade obtained from sample used for testing1
§ Average recovery of 59.2% by gravity concentration1
§ Total recovery of 93-94% achieved by combining flotation or cyanidation with gravity concentration1
1 See press release of August 26, 2014 12
Free Gold Recovered by Gravity Concentration
The O'Brien Project - Open at Depth
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17.5 g/t on 1.0m*
13.68 g/t on 0.38m*
OPEN
OPEN
OPEN
OPEN
OPEN
Au g/t 4 6 8 10 12 14
*Result in core lenght. True width is estimated at 60-70% of core length.
Custom milling options
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Cadillac properties valorisation and recent highlights
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O’Brien
• 2000 : Radisson obtains 100% ownership in the project • 2003-2012 : 32,000m of drilling • 2004 : 17.5 g/t Au intersection over 1m at depth of 1,050m* • 2007 : NI 43-101 mineral resource estimate • 2013 : NI 43-101 new mineral resource estimate: increase of 25% • 2014 : Metallurgical testing program returns 11.13 g/t average feed
2015 scope of work • NI 43-101 resource estimate update
✔Inferred resources increased by 181% • 3D block modeling of the project
✔ New targets identified at depth and laterally
• PEA for the O’Brien project
*Drill hole KW04-02, Result in core lenght. True width is estimated at 60-70% of core length.
Profitability Profile for an Underground Gold Producer in Abitibi
1 Agnico Eagle website, Interactive analyst center
Lapa mine-Agnico-Eagle1 2014 2013 2012
8 km from O'Brien project
Grade g/t 5.59 6.06 6.48
Payable gold ounces 92,089 102,673 104,771
Average selling price $ 1,251 $ 1,375 $ 1,658
Average cost of production $ 667 $ 678 $ 697
Revenues from gold sales $ 115,254,000 $ 141,167,000 $ 173,753,000
Operating profit $ 54,189,000 $ 69,532,000 $ 100,377,000
Gross margin 47% 49% 58%
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Long Term Diversification of Assets
2013 Acquisition of 5,900 hectares in the Grenville complex of the Saguenay–Lac St-Jean region Objectives § Diversifying the Company’s assets § Strategic positioning in a highly prospective undeveloped area § Developing these properties in a timely manner § Adding value for shareholders on a long term approach § Positioning Radisson as leader in a rapidly growing market
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Phosphate Properties
• 5,900 hectares • Located 115 km north of the city of Saguenay (65km south of Lac Paul project) • Property accessible by logging roads • Power lines nearby 45km south-east • Cells containing 15% apatite identified, MRNF 1962
18 Source1 Publications du MNRF Géologie Québec, Anderson, A., 1963, RP 504; Laurin, A.F., Sharma, KNM, 1975, RG161
Lac Gouin-SSO Igneous Deposit
§ The phosphate rock of Lac Gouin-SSO property is igneous in origin, which is favourable for Radisson
Igneous deposits Sedimentary deposits
Rock content 7-15% P2O5 10-30% P2O5
Mining and grinding Hard rock Easy, in a setting where the rocks are
unconsolidated
Concentration Recovery < 85%
Recovery between 75% and 85%
Phosphate rock grade Between 35%-41% P2O5
Average grade of 29%
Phosphate rock quality Very little to no contaminants
May contain some contaminants (uranium, heavy metals, arsenic)
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Capital Structure
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Outstanding shares 82,752,503
Stock Options 3,360,000
Warrants 937,500
Diluted Share Capital 87,050,003
