Bell Copper Corporation · TSXV:BCU

Bell Copper — Investor Presentation (September 2011)

30 slides from Bell Copper's investor presentation, September 2011

  1. Slide 1: Investors Presentation September 2011

    (TSX-V: BCU) Investors Presentation September 2011

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. 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

  15. 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

  16. 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 •

  17. 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

  18. 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

  19. 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

  20. 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

  21. 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

  22. Slide 22: Kabba – Cross Section

    KABBA – CROSS_SECTION 1.6 km Projected Copper Shell

  23. 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

  24. 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

  25. 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

  26. 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

  27. 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

  28. 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

  29. 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

  30. 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

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