Tagespflegeperson bis Entgeltgruppe S 6 TVSuE

November 2014
Forward Looking Statement
Some of the statements in this presentation, other than statements of historical fact, are “forward-looking statements” and are based on the opinions and estimates of management as of
the date such statements are made and are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that
may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Although CopperBank
believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future
performance and actual results or developments may differ materially. Accordingly, readers should not place undue reliance on forward-looking statement or information. Factors that could cause
actual results to differ materially from those in forward-looking statements include without limitation: market prices for metals; the conclusions of detailed feasibility and technical analyses; lower
than expected grades and quantities of resources; mining rates and recovery rates; significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in
rates of exchange; taxation; controls, regulations and political or economic developments in the countries in which CopperBank does or may carry on business; the speculative nature of
mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities;
accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating
rights of First Nations and other Aboriginal groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and
complying with permitting requirements, including those associated with the Contact and Pyramid properties. In addition, there are risks and hazards associated with the business of mineral
exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave- ins, flooding and the risk of
inadequate insurance or inability to obtain insurance to cover these risks as well as “Risk Factors” included in CopperBank’s disclosure documents filed on and available at www.sedar.com.
All of the forward- looking statements contained in this presentation are qualified by these cautionary statements. CopperBank does not intend, and does not assume any obligation, to update
these forward-looking statements, except as required under applicable securities legislation. For more information on the CopperBank, readers should refer to www.sedar.com for the
CopperBank’s filings with the Canadian securities regulatory authorities.
This presentation and the material contained herein do not constitute a general advertisement or general solicitation or an offer to sell or a solicitation to buy any securities in any jurisdiction.
Such an offer can only be made by prospectus or other authorized offering document. This presentation and materials or fact of their distribution or communication shall not form the basis of, or
be relied on in connection with, any contract, commitment or investment decision whatsoever in relation thereto. CopperBank’s securities have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons absent U.S. Registration or an applicable
exemption from U.S. registration requirements. Any public offering in the United States must be made by means of a prospectus containing detailed information about CopperBank and its
management, as well as financial statements. The information in this presentation is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under
the corporate and securities legislation of any jurisdiction relating to CopperBank. No securities commission or similar authority in Canada has in any was passed upon the adequacy or accuracy
of the information contained in this presentation.
The technical information in this presentation has been reviewed and approved by William Willoughby, a “Qualified Person” as defined under NI 43-101.
2
The Vision
✓ CopperBank is a consolidator of established copper projects, bringing together prospective
copper projects under one roof
!
✓ Low burn rate business model due to this 'holding company' strategy
!
✓ Value proposition offers investors highly leveraged exposure to copper 'pounds in the
ground'
!
✓ First assets are the Pyramid Copper Project in Alaska and the Contact Copper Project in
Nevada
!
✓ Well financed having raised $1.6 million from a well respected field of natural resource
investors
!
✓ Additional projects are under evaluation for the 'bank' with the following criteria in mind:
100% owned - safe geopolitical jurisdictions - no major work commitments or property
payments
!
✓ Management team of well known geologists, engineers and public markets professionals
3
Share Structure
Capitalization
Shares Outstanding
130,432,324
Options – Avg. $0.267 strike, Apr. 2015 expiry
6,107,200
Warrants – Avg. $0.341 strike, Nov. 2014 expiry
4,136,000
Warrants – Avg. $0.227 strike, Feb. 2015 expiry
2,227,500
Warrants – Avg. $0.227 strike, Aug. 2015 expiry
1,273,066
Warrants – Avg. $0.500 strike, Oct. 2019 expiry
74,238,036
Fully Diluted S/O
218,414,126
Funds Raised
$1.6M
Financing Price
$0.10
Implied Market Cap
$13M
4
The Team
Gianni Kovacevic
Executive Chairman
Robert McLeod
Manag
ement
CEO & Director
!
!
Corporate development strategist focused on the natural resources sector, having helped raise over $200M for various natural
resource companies over the past decade. A recently published author and a sought after speaker on the themes of commodities,
demographics and emerging markets. Currently serves as Chairman of Romulus Resources Ltd.
Geologist with 20+ years of exploration, discovery and development experience. Founder and VP Exploration for Underworld
Resources Inc. prior to its acquisition by Kinross in 2010. Current President & CEO of IDM Mining Ltd.
Bill Willoughby
PhD mining engineer with over 30 years of experience. Previously spent 18 years with Teck Cominco, as Chief Mine Engineer at the
Pend Oreille Mine, Mine Superintendent at the Polaris Mine, and Senior Engineer, Projects & Evaluations, responsible for feasibility
studies and mine design.
Terence Ortslan
Managing Director of TSO & Associates, a firm focusing on independent mining, metals and fertilizer research. Mr. Ortslan holds a
Engineering degree in Mining & Applied Geophysics, and an MBA from McGill University.
Gianni Kovacevic
Corporate development strategist focused on the natural resources sector, having helped raise over $200M for various natural
resource companies over the past decade. Currently serves as Chairman of Romulus Resources Ltd.
President
Strategic Advisor
Executive Chairman
Robert McLeod
CEO & Director
!
Board
of
Brad Armstrong
Direct Independent Director
ors
!
Geologist with 20+ years of exploration, discovery and development experience. Founder and VP Exploration for Underworld
Resources Inc. prior to its acquisition by Kinross in 2010. Current President & CEO of IDM Mining Ltd.
Lawyer with 25+ years experience in the fields of environmental, aboriginal, and constitutional law. Current Partner at Lawson
Lundell LLP. Mr. Armstrong also holds a Master’s Degree in Economics from the London School of Economics and Political Science.
Dan Frederiksen
Chartered Accountant with 20+ years experience serving as CFO of numerous public and private Canadian resource companies.
Current CFO of Elissa Resources Ltd., and CFO & Financial Controller with Armada Investments Ltd.
Todd Hilditch
Over 18 years’ experience in the natural resources sector. Former President & CEO of Salares Lithium prior to its merger with
Talison Lithium Inc. in 2010 to become one of the world’s largest lithium producers. Current President & CEO of Terraco Gold Corp.
Independent Director
Independent Director
5
Our Assets – Established Copper Deposits
Pyramid Project in Alaska
Inferred Resource of
1.3Blbs Cu, 74Mlbs Mo, and 0.5Moz Au
Contact Project in Nevada
611Mlbs Cu Reserves
M&I Resource of 1.2Blbs Cu
Inferred Resource of 393Mlbs Cu
6
Our Assets – Contact Copper Project
•
•
•
•
•
•
•
100% consolidated ownership
7,000 acres of patented and unpatented
mining claims
Heap leaching with SX-EW to produce
copper cathode at site
2013 PFS design for 50Mlbs/yr of copper
cathode production
Located in NE Nevada near the border
with Idaho, one mile west of Highway 93
Excellent infrastructure with available
roads, grid power, and water
Extensively drilled with over 250,000 feet
of drilling (329 core and RC holes)
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Our Assets – Contact Copper Project
•
•
•
Large land holdings: 156 patented claims,
436 unpatented claims
2011 land acquisition from Allied Nevada
Gold Corp. doubled land holdings in the
area
Allowed for resource expansion to the
east and re-design of the proposed openpit unencumbered by property boundaries
8
Our Assets – Contact Copper Project
2013 PFS Included a Revised Pit-Constrained Resource Estimate & 2P Reserves
Category
Tons (‘000)
Grade (% Cu)
Pounds Cu (‘000)
Proven
57,678
0.23%
263,249
Probable
83,416
0.21%
348,499
141,094
0.22%
611,748
Measured
75,473
0.21%
313,968
Indicated
137,640
0.19%
517,526
M&I
213,113
0.20%
831,494
Inferred
12,982
0.20%
52,188
Measured
86,609
0.20%
349,900
Indicated
236,432
0.19%
879,527
M&I
323,041
0.19%
1,229,427
Inferred
106,303
0.19%
393,321
Reserves
Total Reserves
Pit-Constrained Resource
Global Resource
Source: NI 43-101 PFS, Contact Copper Project (Hard Rock Consultants, LLC), Sept. 2013
Note: Resources and Reserves calculated at a cut-off of 0.07% Cu; Resources are inclusive of Reserves
9
Our Assets – Contact Copper Project
2013 PFS Project Highlights & Copper Price Sensitivities
Parameters
Location
Contact
Elko County, Nevada
Ownership
100%
Stage
Completed PFS
Mine Type
Open-Pit
Processing
Heap Leach & SX-EW
Mine Life
9.4 years
Initial Capex (incl. Contingency)
$188.9M
Avg. Ore Production Rate
Recovery
41,000 tpd
76% Cu
Strip Ratio
Cu Price
NPV8% (US$M)
IRR (%)
$2.90
$45.3
15.9%
$3.05
$76.0
21.0%
$3.20
$106.6
25.9%
$3.35
$137.1
30.6%
$3.50
$167.5
35.2%
2.3:1
Cash Cost (incl. Taxes & Royalties)
$1.73/lb Cu
Annual Production
49.2 Mlbs Cu/yr
Total LOM Production
462 Mlbs Cu
After-Tax Project NPV
$107M
After-Tax Project IRR
25.9%
Note: Project economics calculated at $3.20/lb Cu
Source: NI 43-101 PFS, Contact Copper Project (Hard Rock Consultants, LLC), Sept. 2013
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Our Assets – Pyramid Copper Project
•
•
•
•
•
•
•
Porphyry Cu-Mo-Au discovery
Extensive supergene Cu-enrichment blanket
Near surface mineralization
Adjacent to tidewater, 25km from Sand Point
Completed 7,486 meters of drilling in three years
totaling 30 holes
Established an open-ended mineralized footprint
of 1,800 meters by 1,050 meters Situated on Native owned lands (Aleut
Corporation), with a good working relationship
11
Our Assets – Pyramid Copper Project
Recent Drilling History
2010
•
•
•
•
2011
Joint venture
Agreement with
Antofagasta PLC
Exploration
agreement signed
with Aleut Corp.
Surface agreements
completed with
Shumagin and TDX
(St. Paul) Corp.
5 holes drilled, all hit
mineralization
•
•
•
•
Detailed mapping
over 4.4 km2
158 rock chip samples
at Pyramid and 34 at
San Diego Bay
12 holes totaling
2,576 meters
completed
Detailed ground
magnetic survey
undertaken
2012
•
•
•
13 holes and more
than 3,000 meters
drilled
75% of the 30 holes
completed hit
porphyry style
mineralization
Established
mineralized footprint
of 1,800 meters by
1,050 meters
2014 Onward
Pyramid owned
100% by
CopperBank with
Antofagasta as a
shareholder
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Our Assets – Pyramid Copper Project
Inferred Mineral Resource
Zone
CutOff
Tonnes
Cu (%)
Cu (lbs)
Au (g/t)
Au (oz)
Mo (%)
Mo (lbs)
NSR ($)
CuEq (%)
Supergene
>0.4%
69,528,515
0.46%
702,535,609
0.11
239,133
0.021%
32,398,237
$49.35
0.632%
>0.3%
86,079,432
0.42%
792,844,809
0.10
267,853
0.020%
37,646,536
$45.18
0.579%
>0.21%
93,696,332
0.40%
822,878,710
0.09
276,665
0.019%
39,722,759
$43.19
0.553%
>0.1%
94,810,052
0.40%
826,061,951
0.09
277,633
0.019%
39,896,455
$42.85
0.549%
Total
101,526,623
0.37%
826,088,399
0.09
277,633
0.018%
39,897,899
$40.01
0.513%
>0.4%
52,957,717
0.34%
393,205,903
0.09
149,525
0.021%
24,307,227
$38.83
0.498%
>0.3%
75,802,999
0.30%
503,046,447
0.08
205,195
0.020%
33,740,607
$35.61
0.456%
>0.21%
79,128,480
0.30%
514,736,418
0.08
211,806
0.020%
34,707,556
$34.98
0.448%
>0.1%
79,411,773
0.29%
515,554,993
0.08
212,208
0.020%
34,755,283
$34.91
0.447%
Total
88,993,954
0.26%
515,554,993
0.07
212,208
0.018%
34,775,283
$31.15
0.399%
>0.4%
122,486,231
0.41%
1,095,741,511
0.10
388,658
0.21%
56,705,464
$44.80
0.574%
>0.3%
161,882,430
0.36%
1,295,891,256
0.09
473,048
0.20%
71,387,143
$40.70
0.522%
>0.21%
172,824,812
0.35%
1,337,615,128
0.09
488,471
0.20%
74,430,316
$39.43
0.505%
>0.1%
174,221,826
0.35%
1,341,616,944
0.09
489,840
0.19%
74,651,738
$39.23
0.503%
Total
190,520,578
0.32%
1,341,643,392
0.08
489,840
0.18%
74,653,182
$35.88
0.460%
Hypogene
Combined
Note: All numbers have been rounded to reflect the relative accuracy of the estimates.
Mineral resources are reported in relation to a conceptual pit shell. Mineral resources are not mineral reserves and do not have demonstrated economic viability.The contained copper represents estimated contained metal in the
13
ground and has not been adjusted for metallurgical recoveries.
Our Assets – Pyramid Copper Project
Drill Location Map
14
Our Assets – Pyramid Copper Project
Near Surface Mineralization, Open in Multiple Directions and at Depth
PY10-05: 194.8m of 0.85% Cu Eq. starting at
6.4m
PY10-01: 467.0m of 0.43% Cu Eq. starting at
32.3m
PY11-17: 117.5m of 0.81% Cu Eq. starting at
44.0m
PY12-22: 160.0m of 0.86% Cu Eq. starting at
22.0m
PY12-18: 344.0m of 0.36% Cu Eq. starting at
154.0m; including 56m of 0.061 Mo%
PY11-16: 155.9m of 0.97% Cu Eq. starting at
94.0m
PY12-19: 70.0m of 0.86% Cu Eq. starting at
22.0m
15
Our Assets – Pyramid Copper Project
2011/2012 Drill Highlights
Hole ID
From (m)
To (m)
Length (m)
Cu (%)
Au (g/t)
Mo (%)
Cu Eq. (%)
PY10-01
32.3
499.9
467.6
0.27%
0.05
0.019%
0.43%
PY10-02
4.6
356.6
352.1
0.34%
0.07
0.008%
0.45%
PY10-05
6.4
201.2
194.8
0.63%
0.14
0.018%
0.85%
PY11-07
6.0
110.0
104.0
0.56%
0.13
0.009%
0.72%
including
12.0
60.0
48.0
0.74%
0.15
0.011%
0.93%
PY11-10
16.7
327.0
310.3
0.39%
0.10
0.009%
0.53%
PY11-16
94.0
249.9
155.9
0.71%
0.18
0.018%
0.97%
including
226.0
246.0
20.0
0.99%
0.15
0.012%
1.19%
PY11-17
44.0
161.5
117.5
0.60%
0.08
0.024%
0.81%
including
93.0
136.0
43.0
0.77%
0.09
0.026%
1.00%
12PY018
154.0
498.0
344.0
0.110%
0.035
0.036%
0.36%
including
284.0
340.0
56.0
0.114%
0.027
0.061%
0.50%
12PY019
22.0
92.0
70.0
0.717%
0.115
0.008%
0.86%
including
24.0
66.0
42.0
1.008%
0.165
0.009%
1.20%
12PY021
130.0
250.0
120.0
0.224%
0.023
0.026%
0.39%
including
200.0
236.0
36.0
0.448%
0.037
0.043%
0.74%
12PY022
90.0
250.0
160.0
0.267%
0.044
0.027%
0.47%
12PY023
10.0
283.0
273.0
0.267%
0.027
0.001%
0.30%
including
72.0
196.0
124.0
0.371%
0.035
0.001%
0.41%
12PY028
42.0
108.0
66.0
0.214%
0.070
0.009%
0.33%
16
Our Assets – Pyramid Copper Project
Geological Mapping & Upside Potential
17
Summary of the Value Proposition
✓ Low burn rate business model
!
✓ Value proposition of increased leverage to prospective copper resources
!
✓ Diversified asset base with Pyramid in Alaska and Contact in Nevada
!
✓ Financed having raised $1.6 million during difficult market conditions
!
✓ Additional projects and opportunities under consideration to continue consolidation
!
✓ Management team of well known geologists, engineers and public markets professionals
CSE - CBK
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Contact
Gianni Kovacevic – Executive Chairman
Phone: 604-889-0852
E-mail: [email protected]
!
Robert McLeod – CEO & Director
Phone: 604-617-0616
E-mail: [email protected]
!
Bill Willoughby – President
Phone: 208-358-3617
E-mail: [email protected]
!
!
!
!
www.copperbankcorp.com
CBK - CSE
19