GRASSET Ni-Cu-PGE DISCOVERY

TSX: BAR | OTCQX: BALMF
GRASSET Ni-Cu-PGE DISCOVERY
2013 “Prospectors of the Year” - Quebec
JUNE 20, 2014
CORPORATE DISCLOSURE

This presentation is prepared by Balmoral Resources Ltd. (“Balmoral or BAR”) management and BAR is solely responsible for its content and format. Darin W.
Wagner, P.Geo is a non-independent Qualified Person and is has compiled this presentation from publicly available industry information, NI43-101 compliant
technical reports and new releases with specific underlying Qualified Persons as set out in the releases and reports. Industry Information has been compiled from
publicly available sources and may not be complete, up to date or reliable. Forward looking statements may differ materially from actual events. Please see
complete information on Sedar (www.sedar.com).

This presentation is for information purposes only and is not a solicitation. Please consult the Company for complete information and a Registered Investment
Representative prior to making any investment decisions. This presentation reports on the technical details of the company’s Grasset project up to June 20, 2014
and provides a guide to the company’s potential future activities and use of funds.

This presentation contains forward-looking statements and forward looking information (collectively “forward looking statements”) with the meaning of
applicable Canadian and United States securities laws. All statements other than statements of historical fact, included herein, including statements regard the
commencement and cost of exploration programs, anticipated exploration program results, the timing of reciept of assay results, the timing of future exploration
programs are forward looking statements. Forward looking statements are typically identified by qualifiers such as believe, expects, anticipate, intends,
postulates or similar statements which by their nature refer to future events. Although the Company believes that such statements are reasonable, there can be
no assurances that such statements will prove to be accurate. Actual results and future events could differ materially. The Company cautions investors that any
forward looking statements by the Company are not guarantees of future performance. Important factors that could cause actual events and results to differ
materially from the Company’s expectations include those related to weather, equipment and staff availability, performance of third parties, risks related to the
exploration stage of the Company’s projects, risks related to the Company’s ability to identify one or more economic deposits on the properties and variations in
the nature, quality and quantity of any mineral deposits located on the properties; risks related to the uncertain of geophysical models and geological
interpretations; risks related to the Company’s ability to obtain necessary permits, consents or authorizations required for its activities on the properties. Trading
in securities of the Company should be considered highly speculative. All the Company’s public disclosure filings may be accessed via www.sedar.com and
readers are urged to review these materials including the latest technical reports filed with respect to the Company’s mineral properties.

The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this presentation, which has been prepared by management. The
data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment.

Past performance is no guarantee of future performance and all investors are urged to consult their investment professionals before making an investment
decision. Investors are further cautioned that past performance is no guarantee of future performance

The Company may access safe harbor rules.
TSX: BAR | OTCQX: BALMF
Expanding High-Grade Gold Assets
New Nickel – Copper – PGE discovery
High Grade Canadian Gold And Nickel!
One Great Project – Multiple Value Drivers
TSX: BAR | OTCQX: BALMF
STRONG PERFORMANCE, TOUGH MARKET
- Nickel and Gold Discoveries Driving Value
TSX: BAR | OTCQX: BALMF
THE BALMORAL TEAM
 Darin Wagner – President, CEO and Director – P. Geo.
- Co-founder, President and CEO, West Timmins Mining sold to Lakeshore Gold for $424 Million;
Veteran Geologist with 25 years int. experience with major and junior co.’s. Including Cominco, PTM, MAG, CMM, FPC
 Richard Mann – Vice- President, Exploration - Geologist
- Experienced gold geologist and project manager; 10 years of int. experience
with Barrick, Miramar and Cominco.
 Gordon Neal - Director – Corporate Finance
- 25 Years of Corporate Finance experience, participating in raising over $550
Million for mineral exploration since 2004;
 Graeme Currie– Director – Industry Analyst and Investment Banker
- Over 30 years experience analyzing and evaluating exploration and mining
companies for one of Canada’s largest brokerage houses
 Larry Talbot – Director – Legal Counsel
- Highly respected legal counsel with over 25 years industry experience
 Dan MacInnis – Director – P. Geo.
- Over 40 years worldwide exploration experience including leading one of the industries
most successful explorers – MAG Silver
Peggy Wu – CFO – Chartered Accountant
- Served as Supervisor at Smythe Rafcliffe LLP for 4 years prior to entering the resource
industry as a Financial Reporting Specialist
=
TSX: BAR | OTCQX: BALMF
ABITIBI GREENSTONE BELT
Known for High Grade Gold – Prolific Base Metal Belt
Balmoral’s flagship Detour Gold
Trend Project and N1/N2
Properties are located in the
Abitibi Region of the Canadian
Province of Quebec
The Abitibi greenstone belt is home
to the second largest accumulation
of high-grade gold deposits on the
planet and significant Cu, Ni and Zn
deposits
BAR’s Detour Trend Project lies
entirely within the James Bay
Settlement Agreement area – a
resource framework agreement
between the Cree First Nations,
administered by the Grand Council
of the Cree, and the Province of
Quebec – Eleonore, Renard,
Bachleor Lk, etc. all located in this
region
TSX: BAR | OTCQX: BALMF
Balmoral Projects
THE ABITIBI’S LAST FRONTIER
Balmorals Detour Trend Project
• > 700 square
kilometre land
position
• Grasset discovery is
road accessible, 55
km from railhead in
Matagami; 25 km
from existing hyrdo
grid
Grasset Ni
Discovery
• Martiniere discovery
45 km from either
Detour Gold or Casa
Berardi (Hecla)
Balmoral Projects
TSX: BAR | OTCQX: BALMF
• Balmoral holds a
100% interest in all
but 18 claims on the
Detour East Property
across the entirety of
the Detour Gold
Trend Project
THE ABITIBI’S LAST FRONTIER
Total Magnetic Field Map
Grasset Ni
Discovery
TSX: BAR | OTCQX: BALMF
GRASSET NI-CU-PGE DISCOVERY
Location and Access
• Grasset Ni-Cu-PGE and Gold
discoveries are easily
accessible, located less than
4 kilometres from BAR’s
semi-permanent Fenelon
camp and proximal to BAR’s
advanced Fenelon high-grade
gold deposit; also UM hosted
• Ni-Cu-PGE mineralization
occurs at the base of
ultramafic intrusion which
can be traced for at least 9
and up to 16 km across
Balmoral’s Grasset, Fenelon
and newly acquired Jeremie
Properties
• Located on what passes for
“high-ground” in the area,
existing winter logging road
network
TSX: BAR | OTCQX: BALMF
Ni-Cu-PGE occurrences
Fenelon Gold
Deposit
Sunday Lake Deformation Zone –
Northern Contact
Camp Fenelon
Grasset Gold Zone
Ni-Cu-PGE Discovery
GRASSET Ni-Cu-PGE Discovery
Plan Map and Mineralized Horizons
Three sub-parallel mineralized
horizons identified to date
extending for over 840 metres
along strike and open to NW
All horizons contained within
the Grasset Ultramafic
Complex which can be traced
in geophysical data for 16
kilometres through Balmorals’
holdings
Good road access from allseason road network to
Fenelon
10 holes completed to date
Follow-up testing underway
TSX: BAR | OTCQX: BALMF
Stacked Mineralized
Horizons
Hole GR-14-25 is first test of Horizon 3,
intersecting high-grade mineralization at
shallow depths (<100 vertical metres )
System exhibits multiple, stacked,
sulphide mineralized horizons –
representing fresh pulses of magma into
the sill complex similar to the style of
mineralization observed in the Platreef
in RSA.
Sulphide bearing units in footwall rocks
along the length of the complex provide
local sulphur source.
Strong PGE credit, elevated copper and
chrome associated with nickel sulphide
zones.
First of several mineralized centers?
TSX: BAR | OTCQX: BALMF
GRASSET Ni-Cu-PGE DISCOVERY
45.28 m @ 1.79% Ni, 0.19% Cu, 0.42 g/t Pt and 1.04 g/t Pd
Hole GR-14-25 intersected a
new mineralized horizon (#3)
featuring over 45 metres of
“net textured” sulphides, and three additional sulphide
bearing intervals.
High-grade Ni-Cu-PGE
featuring 1.11 metre zone of
massive sulphide grading
10.60% Ni, 0.45% Cu, 2.04 g/t
Pt and 5.23 g/t Pd
GR-14-25 – Net Textured
Separate high grade section
returned 17.60 metres grading
2.45% Ni, 0.31% Cu, 0.62 g/t
Pt and 1.57g/t Pd
OPEN IN ALL DIRECTIONS
TSX: BAR | OTCQX: BALMF
GRASSET Ni-Cu-PGE DISCOVERY
Massive Sulphide Observed Along Multiple Horizons
GR-14-25 (Right) – Massive Sulphide Zone
located along Horizon 3 included a 0.62 metres
intercept which returned 14.35% Ni, 0.51% Cu
and 9.02 g/t Pt+Pd demonstrating the
presence of high Ni – PGE tenure sulphides in
the Grasset system; chromite seem at base of
horizon
GR-14-17 (Left) – Massive Sulphide Zone located
along Horizon 1 provided first confirmation of highgrade massive sulphide within the system
intersecting 3.69% Ni, 0.23% Cu, 1.76 g/t Pt+Pd over
1.46 metres within 11.41 metre mineralized interval
Untested borehole anomalies in both areas
TSX: BAR | OTCQX: BALMF
GRASSET Ni-Cu-PGE DISCOVERY
Simple Mineralogy
Mineralogy is simple with
disseminated pyrrhotite,
pendlandite, chalcopyrite,
minor pyrite and magnetite
(typically after chromite)
All mineral species as discrete
phases with few inclusions
Higher grade sections host
minor millerite (NiS).
Strong I.P. response to net
textured and disseminated
intervals
GR-14-25 – Net Textured
Local chromite “seams” at
base of individual cycles
TSX: BAR | OTCQX: BALMF
GRASSET 2013 IP Chargeability & Resistivity Pseudosections
Resistivity
Chargeability
Line 4+00 Hole GR-14-16
65.15 m disseminated nickel zone
Line 5+25 Hole GR-14-25
40+ m net textured + 2
disseminated sulphide zones
Line 7+00 Hole GR-14-17,18,19
11.41 m nickel zone with massive
sulphide GR-14-17
Line 11+00 over Hole GR-12-09
9.27 m disseminated nickel zone
TSX: BAR | OTCQX: BALMF
GRASSET Ni-Cu-PGE Regional Target
Target Horizons Largely Untested Over Entire Intrusion
.FA-06-284
Fenelon
Gold Deposit
Sunday Lake Deformation Zone
Grasset NiCu-PGE
TSX: BAR | OTCQX: BALMF
GRASSET Ni-Cu-PGE Regional Target
FA-06-284 Results
Limited drilling by previous operator, targeting VMS style mineralization
near the regional fault offset in the Grasset UM Complex intersected Ni-CuPGE mineralization at the base of the complex with near identical Ni-PGE
and Pt-Pd ratios:
• 18.64 m grading 0.24% Ni, 0.07% Cu, (PGE’s only partially analyzed)*
including;
• 1.57% Ni, 0.50% Cu, 0.27 g/t Pt, and 0.63 g/t Pd over 0.50 metres;
• 1.60% Ni, 0.27% Cu, 0.24 g/t Pt and 0.90 g/t Pd over 0.50 metres;
• 1.70% Ni, 0.39% Cu, 0.61 g/t Pt, and 1.14 g/t Pd over 0.50 metres;
• These results are 8.3 kilometres northwest of (and along strike) from
Grasset discovery with majority of this contact untested
*Mr. Darin Wagner, (P.Geo) the non-independant qualified person for this presentation has examined the drill core from hole FA-06-284 which was
drilled by American Bonanza Ltd. In 2006, reviewed the assay certificates and sampling and available quality control information for the results.
Reported drill intercepts are not true widths. At this time there is insufficient data with respect to the shape of the mineralization to calculate true
orientations in space
TSX: BAR | OTCQX: BALMF
GRASSET NI-CU-PGE DISCOVERY
Summary
•
New Ni-Cu-PGE discovery hosted by 16 kilometre long northwest-trending ultramafic
intrusion on 100% owned Grasset and Fenelon Properties
•
Mineralization occurs as heavy disseminated to massive sulphides in multiple stacking
horizons within ultramafic complex with known occurrences 8.3 km apart – very sparse drilling
•
Broad High Grade Intercept in Horizon #3 reported May 20, 2014
•
Massive mineralization returns high-grade Ni-PGE (+Cu) and is conductive – good geophysical
target; Mineralized intervals to almost 80 metres at > 1% Nickel
•
Ni-Cu-PGE mineralization intersected for 840 metres along strike and to vertical depth of 400
metres – open!
•
I.P. traces mineralized sequence for 1,100 metres – open outside current survey boundaries
•
Excellent local infrastructure with target area less than 4 km from Fenelon base camp in an
area of all-season and recent winter logging roads
•
DRILLING HAS RESUMED
TSX: BAR | OTCQX: BALMF
GRASSET NICKEL – NEXT STEPS
• Acquire key available ground along regional corridor and over other UM sequences
in the District - Completed
• Integrate recent results with geology, geophysics and geochemistry to further
refine Grasset exploration model – Ongoing
• Resume drilling to follow-up recent intercepts and expand the size and scope of
the Grasset discovery including testing of IP and EM Anomalies – June 2014
• Expand current airborne geophysical coverage to cover entire Ultramafic complex
– Summer 2014
• Expand current I.P. coverage – Summer 2014
• Begin evaluation of other ultramafic sequences within the over 700 square
kilometres controlled by Balmoral in the belt for similar mineralization – Summer
2014
TSX: BAR | OTCQX: BALMF
MARTINIERE – HIGH GRADE GOLD
TSX: BAR | OTCQX: BALMF
MARTINIERE GOLD DISCOVERIES
TSX: BAR | OTCQX: BALMF
MARTINIERE GOLD SYSTEM
100% Owned
2,000 Metre Long Open Ended
Gold System
Both Major Gold Trends Doubled
in 2013; 2014 Program focussed
on further expansion and
definition
At least 2 intersecting gold
systems – “Red Lake like”
scenario
All Trends, and all zones, remain
open at shallow depths
All Zones discovered to date
come to the bedrock surface –
shallow start
TSX: BAR | OTCQX: BALMF
New Gold Occurrences 2013/2014
BUG LAKE FOOTWALL GOLD ZONE
High/Bonanza Grade, gold zone
located 40-50 metres into
footwall of the Bug Lake Zone:
9,710 g/t gold over 0.57 metres
Initial modeling of Footwall Zone demonstrates good
continuity of the very high-grade core which is open
to depth
Highlights:
1,138 g/t gold over 4.87 m
273 g/t gold over 3.88 m
197 g/t gold over 0.83 m
35.15 g/t gold over 4.15 m
27.05 g/t gold over 6.22 m
22.89 g/t gold over 4.10 m
21.60 g/t gold over 6.30 m
9.05 g/t gold over 7.60 m
7.94 g/t gold over 19.70 m
 One of four principal, near
surface, high-grade gold zones
currently being delineated
within the expanding Martiniere
gold system 40 km west of
Grasset
SHARE STRUCTURE
Current Status
Current Share Ownership Distribution
Balmoral Resources Ltd.
Management
and Insiders
11%
Institutional
Investors (31)
18%
Issued and Outstanding
Warrants ($0.75, Oct. 2014)
Warrants ($1.25, June 2014)
1,962,653
154,800
Stock
Stock
Stock
Stock
855,000
2,755,000
4,220,000
300,000
Options
Options
Options
Options
($1.25,
($1.05,
($0.60,
($0.61,
June 2016)
Feb. 2018)
Jan. 2019)
Feb. 2019)
Fully Diluted
Working Capital
“In the Money Op & Wt”
High Net Worth
and Retail Investors
71%
TSX: BAR | OTCQX: BALMF
102,060,818
112,308,271
$12.4 Million
$8.3 Million
Current Price
$1.45
Market Cap
$146 Million
52 Week High
$1.50
52 Week Low
$0.26
TSX: BAR | OTCQX: BALMF
T H A N K Y O U
Corporate Office:
Investor Contact:
Suite 2300-1177 West Hastings St.
Vancouver, BC V6E 2K3, Canada
1.604.638.3664
www.balmoralresources.com
[email protected]

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