Imperial Metals Corporation · TSX:III
Imperial Metals — Shareholder Meeting (May 2011)
48 slides from Imperial Metals's shareholder meeting presentation, May 12, 2011
Slide 1: Annual General Meeting
Imperial Metals Corporation Annual General Meeting May 12, 2011
Slide 2: Cautionary Note Regarding Forward-Looking Information
CAUTIONARY NOTE REGARDING “FORWARD‐LOOKING INFORMATION” THIS PRESENTATION CONTAINS “FORWARD‐LOOKING INFORMATION” OR “FORWARD‐LOOKING STATEMENTS” WITHIN THE MEANING OF CANADIAN AND UNITED STATES SECURITIES LAWS, WHICH WE WILL REFER TO AS “FORWARD‐LOOKING INFORMATION”. WHEN WE DISCUSS PRODUCTION FROM
Slide 3: Map of British Columbia and project locations
i i h Columbia British l bi Dease Lake Red Chris Smithers Huckleberry Mine Prince George Mount Williams Lake Polley Mine Ruddock Nevada Creek Kamloops Sterling Las Vegas Catface Vancouver
Slide 4: Corporate Structure
Corporate Structure Share Price April 29, 2011 $21.94 52 week high $27.09 52 week low $15.03 Outstanding Common Shares 36.9 M Outstanding Options 1.8 M Fully ll Diluted il d 38 M 38.7 FD Market Cap $850 M Long Term Debt (1) (2) $1 1 M $1.1 Working Capital (1) $65.6 M ((1)) Balance Sheet date as of D
Slide 5: Financial Results
Financial Results YE 2010 YE 2009 Revenue $246.8 M $201.1 M Operating Income $ $51.4 M $ $24.8 M Adjusted Net Income $42.6 M $41.1 M C h Flow Cash Fl $65 5 M $65.5 $54 5 M $54.5
Slide 6: Annual Metal Production
Annual Metal Production (1) Years Ended Dec 31 Planned 2011(2) 2010 2009 Copper (lbs) 51.500 M 57.6 M 56.8 M Gold (oz) 45,400 48,369 51,153 Silver (oz) 149,000 318,591 336,462 Molybdenum (lbs) ‐ 42,014 7,234 (1)Mount Polley 100%; Huckleberry 50% (2)Forward –looking information, refer to Cautionary N
Slide 7: Mount Polley Mine
Mount Polley Mine Proven & Probable Reserves Grade Contained Metal Tonnes Ore Cu% Au g/t Cu (lbs) Gold (oz) 45,807,000 0.306 0.262 309,100,000 386,000
Slide 8: Mount Polley Aerial View
Mount Polley Aerial View I Image ffrom A Artt
Slide 9: Mount Polley Mine Resource
Mount Polley Mine Resource M Measuredd & IIndicated di t d RResource [2010] – all zones Grade Contained Tonnes Ore Cu% Au g/ g/t Cu ((lbs)) Gold ((oz)) 167,670,501 0.317 0.293 1,171,264,000 1,580,500
Slide 10: Mount Polley WX/C2/Cariboo Pit
Mount Polley WX/C2/Cariboo WX/C2/ Cariboo Pit
Slide 11: WX Zone Drilling
WX Zone Drilling ANE discover develo; WX ZONE C2 ZONE Hole WX10-11 F—- 900 0.56% Copper,.+ 0.59 git Gold over 67.9 metres Hole WX10-27 +” Ay % 0.45% Copper ww Polley Fault rH 600 1.21 git Gold eo over 130.0 metres z g * Hole WX10-18 F| 0.70% Copper a Z 0.50 g/t Gold 4 700 r 4% over 40.5 metres m F “
Slide 12: Mount Polley Underground Resource
Mount Polley Underground Resource Measured & Indicated – exceeding MHV>$40.00/Tonne [excluding pit reserves] Grade Contained Metal ZONE Tonnes CuEq Cu% Au g/t Ag g/t Cu (lbs) Au (oz) Ag (oz) 000’s 000’s 000’s Boundary/Zuke incl MHV>$40.00/Tonne MHV>$40 00/Tonne 517,066 3.363 2.450 1.500 13.993 27,92
Slide 13: Mount Polley Boundary Zone Underground
Mount Polley Boundary Zone Underground
Slide 14: Boundary Zone Underground
Imperial A imetais Boundary Zone Underground
Slide 15: Boundary Zone Plan
Imperial Boundary Zone Plan ANAa discover ! ! L be - —— a Re | 4 s Lo T>;, a /~~ BOUNDARY.PIT__~. > DESIGN )-11-130,ND-11-13 fy % — ANE MOUNT POLLEY PROPERTY BOUNDARY ZONE PLAN MAP Underground Drilling Section Lines == Underground Driling section ine 2011 Surface Diamond Driling 2011 Drill Trace His
Slide 16: Boundary Zone – Line 1
| Imperial Boundary Zone -— Line 1 AA ea discover A Section: BZ Line 1 Looking Southeast (see plan map for location) B Les I NDU-11-161 as NDU 11 160 Hole NDU-11-161 2.46% Copper L gs0 1.26 g/t Gold 15.76 g/t Silver over16.0m 850 Hole NDU-11-160 2.56% Copper 1.68 g/t Gold ee 14.59 g/t Silver 7 over
Slide 17: Mount Polley Magnetite Circuit
Mount Polley Magnetite Circuit
Slide 18: Mount Polley – Water Treatment
Mount Polley – Water Treatment 12 10 Anaerobic Biological Reactor 8 Copper ppb 6 Selenium ppb 4 2 0 ABR In ABR Out
Slide 19: Huckleberry Mine
Huckleberry Mine Proven & Probable Reserves Main Zone Extension Pushback Tonnes Ore Cu % Tonnes Waste Rock 11,747,400 0.359 13,095,000
Slide 20: Huckleberry Main Zone Deposit
Huckleberry Main Zone Deposit
Slide 21: Huckleberry Main Zone Optimization Pit Feb-Mar 2011
Huckleberry Main Zone Optimization Pit Feb Feb‐‐Mar 2011
Slide 22: Huckleberry Main Zone Optimization Pit Mar 2012
Huckleberry Main Zone Optimization Pit Mar 2012
Slide 23: Huckleberry Main Zone Optimization Pit June 2012
Huckleberry Main Zone Optimization Pit June 2012
Slide 24: Huckleberry Main Zone Optimization Pit Dec 2012
Huckleberry Main Zone Optimization Pit Dec 2012
Slide 25: Huckleberry Main Zone Optimization Pit 2014
Huckleberry Main Zone Optimization Pit 2014
Slide 26: Huckleberry Main Zone Optimization Pit 2016
Huckleberry Main Zone Optimization Pit 2016
Slide 27: Huckleberry Main Zone Optimization Pit 2019
Huckleberry Main Zone Optimization Pit 2019
Slide 28: Red Chris Porphyry Cu/Au Deposit
Red Chris Porphyry Cu/Au Deposit
Slide 29: Red Chris Property
Red Chris Property ANE discover D operate Dease Lake RED CHRIS Red Chris +—Transmission Line Extension Northwest Z "2,000 : 1 Kilometres
Slide 30: Red Chris Mine Development – Year 1
Red Chris Mine Development – Year 1
Slide 31: Red Chris Mine Development – Year 5
Red Chris Mine Development – Year 5
Slide 32: Red Chris Mine Development – Year 10
Red Chris Mine Development – Year 10
Slide 33: Red Chris Mine Development – Year 20
Red Chris Mine Development – Year 20
Slide 34: Red Chris Mine Development – Final
Red Chris Mine Development ‐ Final
Slide 35: Red Chris Deep Drilling Plan
Imperial IN Metals orate Red Chris Deep Drilling Plan N RC10-426 @ RC11-430 @ B @RC10-421 wider RC10-366/368 \gaee tk 22 es s ae a" Nina My Pro, it Outi ae ~> D posed Pit Outline weer? \ 346 . oor" @ | ueee RC10-424 i RC10-376 a peas wear wRCI0-372% | - RC10-394 & . weet RC11-450 @ RC10-386 wRC09:35
Slide 36: Red Chris Long Section with drilling to 2009
Red Chris Long Section with drilling to 2009
Slide 37: Red Chris Cross Section through East Zone
Red Chris Cross Section through East Zone
Slide 38: Red Chris Long Section with drilling to 2009
Red Chris Long Section with drilling to 2009 0.2% CuEq q Grade Shell 0.5% CuEq Grade Shell 2.0% CuEq Grade Shell
Slide 39: Red Chris Reserve/Resource
Red Chris Reserve/Resource Proven & Probable Reserves Grade Tonnes Cu% Au g/t 301,549,000 , , 0.359 0.274 Mineral Resource Grade Contained Tonnes Cu% Au g/t Cu (lbs) Au (oz) Measured & Indicated 619,420,000 0.38 0.36 5.140 B 7.160 M Inferred 619,130,000 0.30 0.32 4.120 B 6.430 M
Slide 40: Red Chris Long Section with 2010 drill traces
Red Chris Long Section with 2010 drill traces
Slide 41: Sterling Property
Imperial Sterling Property AX Metals discover develop operate
Slide 42: Sterling Mineral Resource
Sterling Mineral Resource M Measured d & IIndicated di t d RResource 2006 Grade Metric Grade Contained Zone Short Ton Au OPT Tonnes Au g/t Ounces 144 214,554 0.216 194,640 7.41 46,344 Panama 103 040 103,040 0 082 0.082 93 476 93,476 2 81 2.81 8 449 8,449
Slide 43: Sterling Gold Mine
Sterling Gold Mine 144 Zone o e Exploration p o a o Drift Development e e op e
Slide 44: Ruddock Creek Property
mperial Ruddock Creek Property Nine discover devs operate euppoeKeans K PROPERTY \ Zs ea | [/ i a
Slide 45: Ruddock Creek Property
Ruddock Creek Property ANE discover develop operate -- v 4 Pes ( Field Camp 1 [~~ | \ . NG H a S 3 mi i .Zone eg <a Ir d : i / Q é E IJ { * J 2011 'rogress Proposed Access Proposed Access’ ‘2010 Completed Traik(2041) ‘ Trail (2011) 6624 ; a80tem N 4 : E Zone Decline 1 Y = Upper | / Clear cae incli /
Slide 46: Ruddock Creek Portal
Imperial Ruddock Creek Portal AXA Metals
Slide 47: Ruddock Creek E Zone
Ruddock Creek E Zone Nites discover Ruddock Creek E Zone Surface (2315m level) Surface (1870m level) = Ramp from surface “¥ Open a Upper E Zone Showing 2011 Drilling Lower E Zone (open in 3 directions) - ea. E Zone Fault Ruddock Creek E-Zone Mineral Resource (3% combined Pb+Zn cut-off) INDICATED: 2,
Slide 48: Annual General Meeting
Imperial Metals Corporation Annual General Meeting May 12, 2011