CORPORATE PRESENTATION
Transcription
CORPORATE PRESENTATION
PGE:TSX.V CORPORATE PRESENTATION - Yukon PGM-Ni-Cu Projects - March 2015 Forward Looking Statements 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, etc. 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 statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company’s projects, and the availability of financing for the company’s development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Group Ten Metals Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. Tom E. McCandless, Ph.D., P. Geo., Chief Operating Officer of Group Ten and qualified person as defined by National Instrument 43-101., is the non-independent qualified person who supervised and approved release of the technical information in this disclosure. 22 PGE:TSX.V PGE:TSX.V Vision To define a multi-million ounce platinum group metal deposit within a major Ni/Cu sulfide system Key Assets Catalyst, Ultra & Spy Projects: PGM-Ni-Cu targets adjoining and on strike with world-class Wellgreen Deposit, SW Yukon: • Premier land position in the District • Located in stable, pro-mining Yukon Territory with exploration supported by the Kluane First Nation • Within 20 km of paved Alaska Highway leading to existing, year-round deep sea ports at Haines or Skagway Black Lake – Drayton Project: High-grade gold targets in emerging +10Moz district, NW Ontario: • Over 25km of archean greenstone strike on multi-million ounce trend, largely untested • Multiple targets and high-grade historic bulk samples, excellent infrastructure and access Royalty revenues • up to $4M expected from sale of Yankee-Dundee Mine Attractive capital structure • 16.6M shares outstanding • 30% held by management and close associates 33 PGE:TSX.V PGE:TSX.V Management Experienced team involved in multiple mine discoveries. Extensive relationships in the financial community as well as locally in project areas. Lawrence Page, BA, LLB, QC - Chairman & Director With over 40+ years of experience with natural resource companies and, in particular, precious metals development, Mr. Page has established a unique relationship with financiers, geologists and consultants in numerous roles for public companies including those which discovered and/or brought into production the David Bell and Page Williams mines in Ontario, the Snip, Calpine/Eskay Creek and Mascot Gold Mines in British Columbia, and the Penasquito Mine in Mexico. Michael Rowley, BSc, RPBio - President & CEO, Director & Audit Committee Member Mr. Rowley has over 20 years executive experience in the exploration, environmental and mineral testing industries. One of Group Ten’s founding shareholders, he is also active in Bravada Gold and Granite Creek Gold, both public exploration companies, and is an Officer of Sierra Mountain Minerals Inc, among other private ventures. Tom E. McCandless, PhD, PGeo - Chief Operating Officer & Director Dr. McCandless has over 35 years experience in diamond and metals exploration including senior management positions at several publicly-traded companies. He was Chief Mineralogist with Ashton Mining of Canada (now Stornoway Diamonds) through their discovery and assessment of the Renard kimberlites, soon to be Quebec's first diamond mine. As President of MCC Geoscience Inc. he has consulted for international mining houses exploring for diamonds, base and precious metals in North and South America, southern Africa and Fennoscandia. Dr. McCandless has published extensively on the geochemistry of PGM, base metal, gold and diamond deposits, and is an Adjunct Professor at the University of Alberta and the University of Arizona. Eugene Spiering, BSc - Vice President, Exploration & Director Mr. Spiering has over 30 years of experience in the mining and exploration industries including 21 years serving as Vice President of Exploration for publicly traded exploration companies such as Quaterra Resources and Rio Narcea Mines Ltd. Mr. Spiering held the position of senior geologist with Energy Fuels Nuclear, Inc., where he participated in the discovery of two uranium deposits in northern Arizona and conducted gold exploration in the western U.S. and Venezuela. He received his Bachelor of Science-Geology degree from the University of Utah. 44 PGE:TSX.V PGE:TSX.V Management (cont’d) Bill Harris - Director Mr. Harris is a second-generation Yukon prospector and miner. He is the founder and a director of Northern Freegold Resources Ltd. which advanced several significant gold-copper-silver deposits at Freegold Mountain in the Yukon. Mr. Harris' experience ranges from project generation through acquisition to exploration management, permitting and mining throughout the Americas, including the formation and management of public exploration companies. He was awarded the Yukon Prospectors’ Association award for Prospector of the Year in 1994. Mr. Harris has played a key role in the development of the Yukon assets to date through Denali Resources Ltd. and will play a central role in exploration operations and community relations going forward. Graham Thatcher, CA - Chief Financial Officer Specializing in financial reporting and auditing across a breadth of business sectors in both the UK and Canada, Mr. Thatcher brings extensive experience in operating with International Financial Reporting Standards and paperless systems. Prior to his work with Group Ten and several other junior exploration companies he worked in public practice at Smythe Ratcliffe LLP with companies in the mining and exploration sector. Brian Cloney, CA - Director & Audit Committee Chair Brian Cloney, CA, ACC (audit committee certified), has practised private and public accounting for over 35 years. Currently he is the principal of BMC Institutional Services, which provides financial management and corporate governance services in the Toronto area. Mr. Cloney is chairman and chief executive officer of NWT Copper Mines Ltd., and is a director of Tartisan Resources Corp., where he is also chairman of the audit committee, and serves as a member of the compensation committee and corporate governance committee. 55 PGE:TSX.V PGE:TSX.V Projects Focus on low-risk assets in highly prospective districts and politically stable areas. Catalyst, Spy & Ultra PGM-Ni-Cu Assets Adjoining Wellgreen Platinum • 100% earn-in on over 262 sq. km of Kluane Ultramafic Belt • Located in SW Yukon - ranked in top 20 of global mining jurisdictions by the Fraser Institute • Excellent access and infrastructure • Excellent local relations • Flagship Catalyst project along strike from Wellgreen, claims adjoin on three sides • Trench at Frohberg target on Ultra project yielded 5.64g/t Pt, 13.46g/t Pd, 15.8g/t Ag, 4.05% Cu • Historic showings to 75.8 g/t Pt, 7.9 g/t Pd, 7.0 g/t Au and also to 1.47% Ni and 0.49% Cu on Spy project Yankee-Dundee Royalty revenues Black Lake – Drayton High-Grade & Bulk Tonnage Gold, NW Ontario • • • • • +25km archean greenstone strike on high-grade trend 100% earn-in potential on over 79 sq. km Road access, close to power and rail Rainy River area, south of Red Lake Historic bulk samples at 16.5 g/t Au and 18.7 g/t Au* • 120 drill hole database, rock samples to 1,212 g/t Au* • Past drilling fell short of best targets * - Historic results not independently verified by Group Ten 66 PGE:TSX.V PGE:TSX.V Wrangellia Underexplored Terrain for PGM and Ni/Cu Mineralization • Extends over 600km from Northern BC to Alaska • Kluane Ultramafic Belt hosts numerous magmatic PGM-Ni-Cu occurrences in layered intrusives similar to some of the world's richest Ni-Cu-PGE ore deposits such as those found in the Noril'sk-Talnakh region in Russia • Wellgreen Deposit, under advanced assessment by Wellgreen Platinum, one of the largest undeveloped PGM deposits: • 5.5 Moz Pt+Pd+Au M&I • 13.8 Moz Inferred • significant Ni and Cu co-occurrence The Catalyst, Ultra and Spy PGM-Ni-Cu projects are all in the Kluane Belt, less than 20 kilometers from the Alaska Highway 77 PGE:TSX.V PGE:TSX.V Wellgreen PGM-Ni-Cu Deposit One of the Largest Undeveloped PGM Deposits • • • • 100% owned by Wellgreen Platinum (WG:TSX) New resource estimate released July 2014: • 5.5 Moz Pt+Pd+Au Measured & Indicated • 13.8 Moz Inferred • significant co-occurrence of nickel and copper Amenable to open-pit mining with bulk underground potential Updated PEA expected January 2015 Image courtesy Wellgreen Platinum SE to Ultra and Spy Projects 88 PGE:TSX.V PGE:TSX.V Wellgreen PGM-Ni-Cu Deposit (cont’d) July 2014 Mineral Resource Update 99 PGE:TSX.V PGE:TSX.V Wellgreen District PGM-Ni-Cu Properties Over 262 square kilometers in Kluane Ultramafic Belt Wellgreen Deposit Catalyst - 163 square kilometers • Our flagship property (most advanced) • Adjacent to the world-class Wellgreen PGM-Ni-Cu deposit Burwash Landing Destruction Bay 0 Spy - 12.5 square kilometers 10 20km scale • Spectacular PGM-Ni-Cu showings • Samples with up to 75.8 g/t Pt, 7.9 g/t Pd, 7.0 g/t Au Ultra – 86.5 square kilometers • Multiple target areas including new UZE zone • 2014 mapping by the Yukon Geological Survey 10 10 PGE:TSX.V PGE:TSX.V Catalyst Project Flagship Property • Adjacent to and along strike with the Wellgreen PGE Ni/Cu Deposit • 35 km NW of Burwash Landing • 15 km south of the Alaska Highway Wellgreen Deposit 11 11 PGE:TSX.V PGE:TSX.V Catalyst Project Flagship Property • VLF-EM survey defined open-ended NW trending conductor • Mapping identified peridotite and gabbro underlying the claims • Airborne geophysics delineated a resistivity low with magnetic high and several conductors • Chalcopyrite & pentlandite in two 15m wide gabbroic bodies • Adjacent stockwork zones with reported values of 0.20% Ni, 0.55% Cu & 0.15 g/t Au • Historic sampling with 0.11 g/t Pt, 0.11 g/t Pd, 0.14 g/t Au • Orientation geochemistry and geophysics in 2013 • Phase 2 exploration and drilling planned for 2015 12 12 PGE:TSX.V PGE:TSX.V Spy Project Spectacular PGM-Ni-Cu showings • • • • Seven km from Alaska Highway Historic showings up to 75.8 g/t Pt, 7.9 g/t Pd, 7.0 g/t Au Up to 1.47% Ni and 0.49% Cu at gabbro-siltstone contact Geophysics indicates Spy sill is continuous across property 13 13 PGE:TSX.V PGE:TSX.V Spy Project Spectacular PGM-Ni-Cu showings • Mineralization over a strike length of 3.6 km along base of 6 km long Spy Sill • Central portion of the sill consists of peridotite with gabbro at the top and the base • Continuous zone of massive and disseminated PGE, Ni and Cu mineralization over 950m of strike length in the basal gabbro • Historic samples from the massive sulphide lenses assayed up to 3.1 g/t Pt, 1.4 g/t Pd, 1.0 g/t Au, 3.1% Ni and 2.8% Cu • Petrophysical tests confirm sulfide should be detectable with IP geophysical surveys. • Airborne magnetic/EM data show the Spy Sill runs NW for 4 km before bending to the north. • A conductivity anomaly parallel to the sill is a high priority linear magnetic and conductivity trend. 14 14 PGE:TSX.V PGE:TSX.V Ultra Project Multiple Target Areas • • • • Intruded by several mafic-ultramafic complexes 2014 geophysical survey produced UZE target Trench at Frohberg yielded 5.64g/t Pt, 13.46g/t Pd, 15.8g/t Ag, 4.05% Cu Since 1956, 440 meters drilled in 8 shallow holes on a VMS showing (3 holes failed to reach target depths; 2 holes returned minor native copper, 3 holes intersected marcasite) • Project area of 86.5 sq km located 10 km from Alaska Highway Ultra Project Geology 15 15 PGE:TSX.V PGE:TSX.V Ultra Project Multiple Target Areas • VLF-EM and magnetic survey over the Frohberg showing delineates the continuation of the ultramafic body • 2 in-situ Telluride showings representative of the volcanic hosted copper-zincsilver-gold massive sulphide deposit model • Numerous occurrences not yet assessed for PGM-Ni-Cu potential • Geological mapping in progress by the Yukon Geological Survey Ultra Project Magnetic Survey 16 16 PGE:TSX.V PGE:TSX.V Archean Greenstone Belts- NW Ontario Historic & Emerging Gold Districts Archean Greenstone • Recognized globally for large, high-grade gold mines (eg South Africa, Canada) Springpole (Gold Canyon) Pickle Lake (PC Gold) Birch-Uchi Greenstone Belt • Prolific, world-class archean greenstone belt • +40 Moz gold produced to date • Includes Red Lake & camp Wabigoon Greenstone Belt • +10Moz recent discoveries • Exploration was limited by road access, ground cover • Rainy River discovery leads region with M+I resource of 6.2Moz, production planned 2016 • Large, underexplored archean greenstone belt with potential for multi-million ounce discoveries Red Lake (Goldcorp) Phoenix (Rubicon) DRYDEN KENORA Goliath (Treasury Metals) Goldlund (Tamaka Resources) Manitou Gold Cameron Lake (Coventry Resources) Rainy River Resources and Bayfield Ventures Hammond Reef (Osisko) FORT FRANCES - Major Gold Mines/Projects 17 17 - Group Ten Gold Projects PGE:TSX.V PGE:TSX.V Black Lake - Drayton Project Sioux Lookout Deformation Zone Black Lake - Drayton Goldlund (Tamaka) Goliath Project, Treasury Metals 1.7 Moz Au Ind. & Inf Moretti Sioux Lookout Shaft Neepawa Island Tak 10 km • • • Project is on-strike with Goldlund and Goliath with combined high-grade resources of over 5.7Moz Au Neighbouring +4Moz Au Goldlund is open along strike Deformation zones offer potential to host significant high-grade gold deposits 18 18 PGE:TSX.V PGE:TSX.V Black Lake - Drayton Project Multiple Historic Targets Moretti Trenches +2.4km Moretti Shear Zone includes historic high-grade bulk samples, trenches • Consolidated 2013, new claims 2014 • Significant database including over 120 historic drillholes: • 66+ at Black Lake • 44 at Drayton • 10 on intervening ground • 43% of historic holes hit Au or Cu mineralization • 15 historical occurrences on the property Belekeno Bonanza Trench Area Black Lake Five Main Target Areas Moretti – Samples to 1,212g/t Au in quartz-tourmaline veins/stockwork* Bonanza Trench Area – Samples to 35.2g/t and 6% Cu from VG bearing quartz vein* Alkenore Buffalo Areas 3 & 9 Alkenore Buffalo Area – 1936/37 drilling reported ‘6ft of VG’ from a hole in Zone 3 and ‘10ft of 0.48oz/ton Au’ (3m of 16.5g/t Au)* Shaft Area – High grade historic samples from workings including muck samples up to 318g/t Au*, plus 2.04m of 14.52g/t Au drilled 2005. Drayton Shaft Area Belekeno – Extension of Moretti deformation zone 2.4km WSW of Moretti, multiple trench samples over 10g/t Au, plus grab sample over 566g/t Au* * - Historic results not independently verified by Group Ten 19 19 PGE:TSX.V PGE:TSX.V Drayton Project 2013 Airborne Geophysics Result – Possible Dilation Zone • On trend with Black Lake, Goldlund, Goliath • Possible dilation zone in fault system with structure indicative of both alteration and deformation. • Au and Cu-Mo prospects • Archean gold veins hosted in carbonate altered volcanic rocks • Shaft Prospect: gold in select chip and grab samples over 500m strike. 2006 drill results include 2m @14.5g/t Au 2006 Drill Holes Plus 2013 TMI 20 20 PGE:TSX.V PGE:TSX.V Yankee-Dundee Project Royalty Revenues Yankee-Dundee • Group Ten consolidated historic Ymir Camp, once the largest silver producer in the British Commonwealth • Total production 883,000 tonnes @ 10g/t Au and 60g/t Ag (over $500M gross today) • Production deal announced Jan 2013: • $50,000 annual Advance Royalty payments • $1.5M production payments plus 2.5% royalty • $4M total buy-out on royalties and production payments 21 21 PGE:TSX.V PGE:TSX.V Exploration & Corporate Plans Early 2015 • Re-brand around PGM assets • Complete private placement Spring/Summer 2015 • Geological mapping, sampling and surface geophysical surveys to delineate drill targets on Spy and Ultra (Yukon) • Complete 2,000m drilling program on Catalyst (Yukon) • Ground-based geological programs at Black Lake-Drayton to confirm historical highgrade showings (eg Moretti Zone), confirm and develop targets • Drill 1,500m to expand known gold zone at Moretti (Ontario) Late 2015 • Drilling and advanced exploration at Catalyst and Ultra (Yukon) • Compile/analyze new data from Belekeno target (Ontario) • Target development and evaluation work 22 22 PGE:TSX.V PGE:TSX.V Target Commodities Strong Fundamentals for Target Commodities: Platinum • Political uncertainty of supply - South Africa, Russia and Zimbabwe account for 92% of global supply. • Increasing demand – Demand has grown by 4.4% per year on average since 1982, due largely to automotive uses (catalytic convertors). Asian and Indian markets continue to drive this market. • Declining supply – Primary supply has been declining at 2.6% average per year since 2006. • Market deficit projected. Source: Wellgreen/Johnson Matthey Palladium • Political uncertainty of supply - South Africa, Russia and Zimbabwe account for 84% of global supply. • Increasing demand – Demand has grown by 5% on average per year since 1982, due largely to automotive uses (catalytic convertors). Asian and Indian markets continue to drive this market. • Declining supply - Primary supply has been declining 3.3% average per year since 2004. • Market deficit projected. Source: Wellgreen/Johnson Matthey Nickel • Market projection – Analysts project deficit by 2015/2016 based on lack of new development projects. Macquarie analysts predict market deficit in 2014. • Supply constraints – Indonesian export ban (representing 30% of global supply) plus delayed start-up on new major projects. • Source: Wellgreen, INGS, Macquarie Research 2014 Gold • Favorable fundamentals - Increasing demand combined with diminishing reserves and supply. • Financial decline in the US dollar caused by large budget and trade deficits and a large increase in the money supply is positive for gold. • Global financial deterioration also positive for gold; it is held as a hedge against both inflation and deflation. 23 23 PGE:TSX.V PGE:TSX.V Corporate Information Listings: TSX Venture: PGE Frankfurt: 5D3 Share Structure: Issued/Outstanding: Warrants/Options: Fully Diluted: 16.6 million 2.8 million 19.4 million Share Ownership: Directors, management, close associates: approx 30% Directors and Management: Lawrence Page, QC - Chair, Director Michael Rowley, BSc, RPBio - President, CEO, Director Tom E. McCandless, PhD, PGeo – COO, Director Eugene D. Spiering, BSc, RM-SME – VP Exp., Director Brian Cloney, CA – Director, Audit Committee Chair Graham Thatcher, CA - CFO Bill Harris - Director Contact: Michael Rowley, President, Director Head Office: Group Ten Metals Inc. Suite 1100-1199 West Hastings St. Vancouver, BC, V6E 3T5, Canada Email: Tel: Website: 24 24 [email protected] 604.641.2742 http://www.grouptenmetals.com PGE:TSX.V PGE:TSX.V