Slide 1: Investors Presentation September 2011
(TSX-V: BCU) Investors Presentation September 2011
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Such forward-looking infor
Slide 3: Overview
OVERVIEW • Bell Copper Corporation (BCU) is a Toronto based copper exploration and development company with 3 projects in Arizona and Mexico; two mining friendly jurisdictions • A proven production-oriented management team added to complement the company’s strong exploration expertise, and to help b
Slide 4: Project Overview
PROJECT OVERVIEW Kabba Project Active drilling for Cu shell in 3 km by 5 km porphyry system Van Dyke Project In process of closing acquisition Historical resource > 1.3 billion lbs Cu, with expansion potential Resource confirmation + preliminary economic assessment for in-situ leach project to comme
Slide 5: Management
MANAGEMENT Dr. Michael Werner (CEO, Director) B.Sc. and M.Sc. (Mining Engineering), PhD (Mining and Metallurgical Engineering) 34 year career in mine development and operations, specializing in mine construction and expansion, mine re-opening and the successful turnaround of distressed mining op
Slide 6: Management
MANAGEMENT Steve Manz (VP Business Development) 23 years experience in corporate and operational finance, merger/acquisitions, start-ups, and turnarounds. CFO of 300,000 oz/year gold producer (market cap from $2 to $700 million in 3 years) President and CFO of NYSE listed 50,000 oz/year gold p
Slide 7: Management
MANAGEMENT Stan Bharti (Director) Responsible for the creation and growth of multiple mining companies which have seen increases in market capitalization in the billions of dollars Extensive experience in the acquisition, restructuring and financing of mining companies, and since 2001 has been t
Slide 8: La Balsa – Location
LA BALSA – LOCATION • La Balsa is a 100% owned, 51 km2 property, located in the State of Michoacán, Mexico, which BCU has been developing for copper and iron production since 2005 - $15 million BCU expenditures to date • Excellent infrastructure – main rail line runs through property, power adjacent
Slide 9: La Balsa – Drilling / Cu Resources
LA BALSA – DRILLING / CU RESOURCES Oxidation Tonnes Copper Copper Zone Class (‘000s) (%) (M lb) • Exploration has delineated three sub-horizontal, mineralized breccias ideally suited for open pit Measured 1,069 1.16 27.3 mining Indicated 986 0.89 19.3 Oxide Subtotal 2,055 1.03 46.6 • Drilling histor
Slide 10: La Balsa – Scoping Study
LA BALSA – SCOPING STUDY • A positive scoping study was completed on the project in March 2010 by Richard Gresham, P. Eng. of Phoenix, AZ • The study concluded: Open pit stripping ratio = 1.25:1 70.7 million lbs recovered from oxide and mixed ores using SX- EW 79.4 million lbs recovered from s
Slide 11: La Balsa – Development
LA BALSA – DEVELOPMENT • Bankable feasibility study underway by KD Engineering and Metcon Engineering (Tucson, AZ) - estimated completion Q1 2012 • BCU has already purchased a fully operational SX-EW processing plant from the San Manuel Mine • SX-EW plant capable of producing up to 40 million lbs co
Slide 12: La Balsa – Exploration
LA BALSA – EXPLORATION • Only 10% of the property explored to date - emphasis has been on the delineation of near surface oxide and sulphide resources • The La Balsa deposit are cut-off at depth by a thrust fault. With regional structural movements to the NE, it is possible that the breccias were on
Slide 13: La Balsa – Iron Ore Exploitation
LA BALSA – IRON ORE EXPLOITATION • La Balsa lies in the middle of a 30-kilometer-long belt of iron ore deposits, which includes Arcelor- Mittal’s 290-million-ton operating Las Truchas iron mine, located 20 kilometers to the west • High grade surface iron deposits have been identified to date at the
Slide 14: La Balsa – Iron Ore Exploration
LA BALSA – IRON ORE EXPLORATION • Significant potential exists for the discovery of large iron deposits on both the eastern and western portions of the property. • Balsa 14 contains a large (3 X 4 km) magnetic anomaly identified in a government aeromagnetic survey. The dimensions of the anomaly are
Slide 15: Van Dyke – Location and Acquisition
VAN DYKE – LOCATION AND ACQUISITION • BCU has a binding agreement to purchase a 100% interest in the Van Dyke project, located at the town of Miami, 90 miles east of Phoenix, AZ • Property consists of 1,100 acres of patented ground in the vicinity of the former Van Dyke underground mine • High grade
Slide 16: Van Dyke – Historical Exploration
VAN DYKE – HISTORICAL EXPLORATION • Van Dyke deposit contains two mineralized zones, each approximately 200 feet thick, separated by a lower grade intermediate zone of comparable thickness • Deposit is relatively shallow dipping, ranges from 900 to 2,000 feet below surface, and hosts copper oxide •
Slide 17: Van Dyke – Development Plans
VAN DYKE – DEVELOPMENT PLANS • Pending completion of the acquisition, initial work will consist of generating new 43-101 compliant mineral resources (est. 6 months to complete) through new drilling and data verification (original drill core available). • Opportunities for further resource expansion
Slide 18: Van Dyke – In-Situ Leaching
VAN DYKE – IN-SITU LEACHING • In-situ leaching (ISL) is a non-invasive method where copper can be extracted by pumping a dilute acid solution into injection wells that dissolves the mineral which is recovered in a controlled manner by recovery wells • ISL advantages include: lower capital and operat
Slide 19: Kabba – Location and History
KABBA – LOCATION AND HISTORY • BCU holds a 100% interest in a 8,031 acre property in NW Arizona • Located 19 miles SE of Kingman and 150 miles NW of Phoenix on the highly productive Copper Creek- Resolution-Bagdad porphyry trend • 2 miles from power (the main Hoover Dam - Phoenix transmission corrid
Slide 20: Kabba – Exploration Target
KABBA – EXPLORATION TARGET • Geological investigations by BCU have subsequently identified a major low-angle fault immediately east of this porphyry root • By investigating the displacement of a distinct marker unit in the Kabba region, management has been able to generate a history of faulting in t
Slide 21: Kabba – Drilling
KABBA – DRILLING • Drilling commenced in 2007 in a line of step-out holes (K-1 to K-6) designed to test for a due east displacement of the porphyry cap. • Subsequent field-work provided new evidence that the displacement of the porphyry cap was not due east, but rather projected more towards the nor
Slide 22: Kabba – Cross Section
KABBA – CROSS_SECTION 1.6 km Projected Copper Shell
Slide 23: Kabba – Drilling (Hole K-10)
KABBA – DRILLING (HOLE K-10) Base metal vein carrying sphalerite (zinc sulfide), galena (lead sulfide) and chalcopyrite (copper-iron sulfide) Base metal vein carrying silver-rich galena (lead sulfide) and chalcopyrite (copper-iron sulfide
Slide 24: Sombrero Butte – Location and History
SOMBRERO BUTTE – LOCATION AND HISTORY • 100% interest in 2,887 acres located 44 miles NE of Tucson, at the intersection of two state- wide belts of major porphyry copper deposits/mines • Located 9 miles east of the San Manuel Mine Redhawk (14 billion lbs Cu), 2 miles south of Redhawk Resources’ Copp
Slide 25: Sombrero Butte – Drilling
SOMBRERO BUTTE – DRILLING • Between 2006 and 2008, 34 holes in two phases of drilling tested 8 of the 25 breccia pipes identified in the NW portion of the property • 6 of the 8 pipes tested returned significant intercepts of copper mineralization, with two of the pipes (Magna and Campstool) exhibiti
Slide 26: Sombrero Butte – Exploration
SOMBRERO BUTTE – EXPLORATION • Drill core exhibits porphyry dikes carrying disseminated bornite and chalcopyrite, pervasive K-feldspar alteration, and quartz-chalcopyrite- pyrite stockwork style veins, all indicative of adjacent porphyry systems • 2008 field exploration revealed an additional 12 bre
Slide 27: Debt Restructuring
DEBT RESTRUCTURING • On February 25, 2011, BCU closed a comprehensive debt restructuring with Macquarie Bank • $2.8 million demand debenture repaid in full with cash generated from the sale of the Granduc project • $4.3 million debenture eliminated through: • $2 million conversion to a 2% NSR on the
Slide 28: Share Structure
SHARE STRUCTURE Shares: 173,587,000 Warrants: 1,989,500 (Nov. 2012 @ $0.20) 34,001,000 (Nov. 2012 @ $0.35) Options: 23,075,000 Recent Financing = $4.5 million brokered private placement in May 2011
Slide 29: Shareholder Value
SHAREHOLDER VALUE • Based on shares outstanding of 173 million, the market capitalization of BCU is approximately $36 million • Following the closing of the Van Dyke acquisition, and assuming that BCU is able to upgrade its historical resources at Van Dyke to 43-101 standard, based on BCU’s current
Slide 30: Summary
SUMMARY Exceptional and proven production and exploration oriented management team Growing copper resource base through acquisition and exploration Near-term production in mining friendly jurisdictions Tremendous blue-sky copper exploration potential – active programs on three compelling porphyry co