Tigris Resources, Turkey

Transcription

Tigris Resources, Turkey
Corporate Presentation
PDAC Convention, March 2015
Forward Looking
Statements
This presentation contains projections and forward looking information that involve various
risks and uncertainties regarding future events. Such forward-looking information can
include, without limitation, statements based on current expectations involving a number of
risks and uncertainties and are not guarantees of future performance of the Company.
These risks and uncertainties could cause actual results and the Company’s plans and
objectives to differ materially from those expressed in the forward-looking information.
Actual results and future events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are made and
expressly qualified in their entirety by this notice.
The Company assumes no obligation to update forward-looking information should
circumstances or management’s estimates or opinions change. This presentation does not
constitute an offer to sell or a solicitation of an offer to buy any securities of the Company
within the United States or otherwise.
2
Proposed Re-Branding
•
Concurrent with its planned listing transaction
est March 2015, Tigris Resources Ltd is
proposing to re-brand to Royal Road
Minerals Ltd
•
The Royal Road was an ancient highway, rebuilt by
the Persian king Darius the Great in the 5th century
BC. Darius built the road to facilitate rapid
communication
and
efficient
administration
throughout his empire. The course of the road began
in Asia Minor on the Aegean coast (western Turkey)
and travelled east to Persia through what is now
eastern Turkey. Royal messengers, riding in relays,
could travel 2,699 km in seven days and according to
the Greek historian Herodotus, were stopped by
“neither snow, nor rain, nor heat, nor gloom of night,”
•
The Royal Road provides a historic geographic link
between our gold and copper projects in eastern and
western Turkey, and its purpose reflects our objective
of achieving success through communication,
cooperation, efficiency and tenacity
3
Corporate Strategy
 Our industry is emerging from a period of reckoning into an
era of reform where it must compete with a variety of equally
enterprising investment opportunities in a more engaged modern
world
 Royal Road Minerals is Gold and Copper focussed and
implemented a strategy for industry reform by way of:
has
 Executing a plan to meet new market expectations
 Positively embracing and adapting to change
 Providing unparalleled shareholder support
 Being serious about stakeholder engagement
 Being fast, flexible and competitive
Corporate Presentation March 2015
www.royalroadminerals.com
4
Turkey

Turkey
is
producer

A member of the G20, WTO and NATO

Management believes Turkey is one of
the most prospective and surprisingly
underexplored regions in the world
Europe’s
largest
gold
5
Gömeç Project
(RRM earning 50%)
www.royalroadminerals.co
m
Gömeç Geology

10km
long
zone
of
epithermal style and
porphyry-related gold
mineralization

Early-stage,
stratabound porphyry-related
gold
in
quartz
veinlets
overprinted
by low - sulphidation
epithermal
quartzveins

First-pass
drilling
diamond
 50.4m at 1.3g/t gold,
15.3g/t silver
 30.0m at 1.1g/t gold
7
Gömeç Radiometrics

High
soil
geochemistry
(areas
above 1g/t) suggests
potential
for
underlying high-grade
gold in rocks

Potassium, related to
biotite and sericiteillite,
maps
out
alteration

BLEG
drainage
sampling
combined
with radiometric data
highlights
new
untested
areas
of
potential
gold
mineralization
8
Gömeç 2014 Drilling

2228m of RC-drilling
focussed primarily on
Kubaslar
in
the
northeast

Targeting high soil
geochemistry,
eastwest
stratabound
zones and silicified
northwest-southeast
brittle shears

Best intersections
 76m at 1.0g/t gold
(inc 24m at 2.0g/t
gold & 18.7g/t
silver)
 56m at 1.0g/t gold
(inc 22m at 2.0g/t
gold & 15.6g/t
silver)
 40m Presentation
at 1.0g/tMarch
gold2015
Corporate
9
 Open
along
strike
at
and
depth,
across
 Zone
approx
300m
wide on surface
www.royalroadminerals.com 1
0

East Kubaslar long
anomalous
intersections
of
strata-bound
mineralization
suggesting
proximity
to
source

400m
long
plus
1g/t
gold
soil
anomaly
requires
further
drill
testing
1
2
Uğur Tepe
(RRM earning 50%)
Project
m
Uğur Tepe Porphyry Copper-Gold


Discovered by Oremine in 2008, scout drilled by Oremine and Oremine-Freeport
McMoran JV in 2011 and 2012
Program focussed primarily on classic centralised copper-gold porphyry body
and included



71m at 0.4g/t gold, 0.3% copper
50m at 0.4g/t gold, 0.3% copper
RRM testing potentially higher grade, gold dominant, “ring-fracture”
controlled model before re-testing central porphyry copper-gold potential

Gold soil anomalism
and relatively highgrade
gold-only
mineralization around
(and possibly above)
copper-gold porphyry
style-mineralization

Ongoing
saw-cut
channel sampling in
sedimentary
and
volcanic rocks around
the porphyry centre
has so far returned:





18m at 1.0g/t gold
12m at 1.9g/t gold
5.4m at 1.2g/t gold
4.0m at 1.3g/t gold
3.0m at 5.2g/t gold

Saw-cut channel sampling
continuing

Ground
magnetic
and
radiometric
programs
underway

Alteration
structural
underway

Data
integration,
3D
modelling
and
drill
planning
over
winter
2015

Aim to define a highergrade gold dominant halo
then
retest
central
porphyry
copper-gold
bodies
and
mapping
Pertek Project
(100% RRM)
m
Pertek

20km
long,
northsouth gold and copper
mineralized district

Diorite-hosted, highgrade vein and blind
sulphide bodies and
overlying skarn-style
mineralization

7-hole scout drilling
program at Kolonkaya
intersected
10m
at
6.4g/t
gold
from
blind sulphide

Metallurgical
tests
on sulphide returned
plus
90%
gold
recovery to rougher
*Wardell Armstrong International, February 2014
concentrate
via
gravity-flotation*
Pertek
Pertek

Permits
received
at
Kolonkaya
and
preparation for reverse
circulation
drilltesting HLEM anomalies
(targeting
high-grade
concealed
sulphide
bodies) underway

Preparation
to
drilltest
possible
coppergold
skarn-related
magnetic
anomaly
at
Tozkoporan underway
Arşimet, East
Anatolian Plateau,
Exploration
(70% RRM)
Alliance
(EAPEA)
m
EAPEA

Focussed on the East Anatolian Plateau
and its westernmost extent

Much of the region inaccessible and
underexplored for 30 years due to
conflict. Peace process in force since
March 2013

Covering area over-which RRM conducted
2012 10km by 10km fixed-wing airborne
reconnaissance program

Building on Arşimet’s
knowledge of the region

Targeting large porphyry copper-gold
and epithermal gold systems
unique
local
Deal Structures
 Oremine
 Spend USD $2M before end 2015 to earn 20%
and a further USD $3M before end 2016 and
pay USD $2M execution payment for 50%
 Arşimet
 RRM fully fund regional exploration to earn
70% of any claimed and acquired properties
 Once
claimed
and
acquired
parties
contribute pro-rata or standard dilution
formula applies
Management Team
Dr Tim Coughlin – CEO and Director
PhD (Structural Geology), MSc Exploration and Mining Geology, BSc Geology, FAusIMM, MSEG. 25 years of wide-ranging
experience, senior positions with major mining companies, specialist in frontier mineral exploration and mining investment in emerging
and transitional environments including the Caucasus, the Balkans, Colombia and Russia. Credited with the discovery of the awardwinning Amulsar (4.2Moz) gold deposit in Armenia, instrumental in the discovery of the La Rescatada (2Moz) gold deposit in Peru,
acknowledged in the discovery of the La Colossa (13Moz) gold deposit in Colombia. Co-founded and until recently the President &
CEO of Lydian International (TSX: LYD)
Sol Thacker – CFO and Director
Member of the Institute of Chartered Accountants, Australia. Auditor for Ernst & Young (Brisbane) focusing primarily on clients in the
retail, construction and tourism industries. Commercial accountant for finance and mining companies. Director Moroccan Minerals Ltd
Berkin Uğurlu – Exploration
BSc
Geology, over 10 years of experience in precious
Manager
and base metals industries; target generation, exploration and resource
development with major international mining companies; also worked as a senior consultant in technical due diligence, valuation and
code compliance studies, target assessment and evaluation, code compliant project development and supervision, resource modelling
and definition. Member of Society of Economic Geologist, Society for Geology Applied to Mineral Deposits, Association of Exploration
and Mining Geologists and Chamber of Geological Engineers in Turkey
Experienced Board
Pete Mullens – Chairman
BSc Geology, FAusIMM; 30 years of extensive mining and exploration industry experience. Successfully developed 4 Canadian
listed exploration companies. Credited with the discovery of Pico Machay in Peru and the acquisition of Navidad (700Moz Ag) and
Calcatreu (1Moz Au-Ag) in Argentina and, Westmoreland (50Mlb’s U) in Australia. Strong experience of commercial aspects,
ore reserves, financial evaluations, mine planning, JV negotiations, and financing of junior exploration companies. Serves on the Board
of Moroccan Minerals Ltd.
Hugh Devlin – Director
Over 20 years security experience in a variety of operational and planning roles around the world. In 2005 he co-founded Lydian
Resources and as Chief Operations Officer was responsible for project management, logistics, land and community relations and risk
management. Has worked in post-conflict and transitional settings including Kosovo and Georgia and also in Armenia and Ethiopia
accumulating significant experience in country-entry and in early stage project and corporate development.
Dr Kerim Sener – Director
PhD (gold metallogenesis), MSc Mineral Exploration, BSc Geology. MIMM, MSEG, A Fellow of The Geological Society of London,
Member of the Chamber of Geological Engineers in Turkey. CEO of Turkish gold exploration and development company, Ariana
Resources plc (AIM: AAU) and has been responsible for identifying c.1.5Moz gold in Turkey to date.
Vernon Arseneault – Director
BSc Geology. 30 years of experience in exploration and project management in South America principally in Peru, Chile and Argentina.
20 years with Noranda in Canada and South America. Responsible for the reactivation of the El Pachon project in Argentina. Vice
President Exploration for Zincore Metals, responsible for the recent discovery of the promising Dolores Cu-Mo porphyry located in Peru.
Pro Forma Corporate Structure
SIGNIFICANT
SHAREHOLDERS
Sprott Global
PRO FORMA SHARE
STRUCTURE
Rosseau Asset Mgnt
Outstanding Shares
35.2M
Management
Warrants ($0.20-0.60)
13.3M
Ewhurst Investments
1M
JM Finn Nominees
Options ($0.50)
Ariana Resources
Macquarie Bank Ltd
Contact Information
For further information please contact –
Donna Pugsley
Investor Relations Manager
[email protected]
Tel: +441534 887 166
Royal Road Minerals Limited
Suite 30, 4 Wharf Street
St. Helier, Jersey
JE2 3NR
Channel Islands

Tigris Resources, Turkey

Transcription

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