Condor Resources Inc. · TSXV:CN
Condor Resources — Investor Presentation (September 2016)
17 slides from Condor Resources's investor presentation, September 2016
Slide 1: Precious and Base Metals in South America
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Slide 2: Condor - Company Highlights
Condor - Company Highlights • Condor is a project generator focused exclusively on precious and base metals exploration in Peru. • Our objective is the discovery of a major new precious and/or base metals deposit. • Excellent portfolio of ten discovery stage properties, four of which are farmed out.
Slide 3: Experienced and Lean Management Team
Experienced and Lean Management Team Management Directors Lyle Davis, President/CEO Graham Scott, Director P. Eng, MBA, over 25 years in financial markets and public company management. Lyle Davis, Director Paul Larkin, Director Ever Marquez Amado, VP Exploration Robert Boyd, Director Exploration ge
Slide 4: Exclusively in Peru: Ten Quality Projects
EXCLUSIVELY IN PERU: TEN QUALITY PROJECTS Four projects in Ancash: • Chavin is subject to production lease that pays Condor an annual royalty • Soledad and Ocros both subject to earn-in agreement with Minera Casapalca • Quriurqu is available for j.v. One project in Huanuco – Huińac Punta – was recen
Slide 5: Ocros: Copper-Gold-Silver Porphyry project
Ocros: Copper-Gold-Silver Porphyry project, with abandoned underground workings from the 1950s • Casapalca can earn up to a 70% interest over 4 years by making cash payments of US$550,000 and completing 10,000m of diamond drilling, or work equivalent. • Declaración de Impacto Ambiental (“DIA”) for t
Slide 6: Ocros model showing 2008 drill holes relative to old workings
Ocros model showing 2008 drill holes relative to old workings
Slide 7: Ocros: Abandoned Structures of historic Eldorado Mine
Ocros: Copper-Gold-Silver Porphyry project Abandoned Structures of historic Eldorado Mine at Ocros 7
Slide 8: Soledad - Gold/Silver/Copper prospect with very encouraging results
Soledad - Gold/Silver/Copper prospect with very encouraging results from first and second stage drill program • Compañia Minera Casapalca S.A. can earn a 70% interest over 4 years with US$725,000 in cash payments and 15,500m of diamond drilling, or work equivalent. • Casapalca completed a four hole,
Slide 9: Soledad 2016: 4 drillholes
Hole From To Width Au g/t Ag g/t Cu % Mo g/t AuEq g/t** SDH-013 0 119 119 1,30 27,1 0,32 2,1 includes 59 118 59 1,79 32,9 0,48 2,8 SDH-014 0 164 164 0,42 70,0 0,13 1,5 2016: 4 drillholes includes 119 123 4 0,69 1666,0 1,81 25,1 includes 123 164 41 0,37 15,2 0,05 0,6 582 607 25 0,34 320 n/a 639 842 2
Slide 10: Soledad Project 2014 Drilling
HOLE No UTME UTMN ALT AZ DIP DEPTH SDH-001 218485 8920040 4350 45 -45 96 SDH-002 218413 8921145 4550 40 -50 88,5 SDH-003 218607 8921116 4550 165 -60 273 SDH-004 218020 8920075 4280 180 -50 124,5 SDH-005 217707 8920837 4420 170 -60 85,5 SDH-006 218084 8919980 4260 360 -50 102 SDH-007 217707 8920328 4
Slide 11: Soledad – SDH-009 Drill Core
Soledad – SDH-009 Drill Core Ever Marquez, Condor’s V.P. of Exploration, with core from 165m depth in hole 9 at the Soledad gold- copper-silver project, circa June 2014. Grade from 165m to 166m was 2.5% copper, 378 g/t silver, and 1.0 g/t gold. 11
Slide 12: Lucero: High Grade Gold-Silver, ore source for the Shila Mine
Lucero: High Grade Gold-Silver, ore source for the Shila Mine • A production royalty agreement at Lucero was concluded in late 2015 with a private Peruvian company, with a 3% NSR payable to the Company, subject to a minimum annual royalty of US$75,000. • 21 sq km of concessions, acquired by staking,
Slide 13: Pucamayo East: Gold-Silver project, Central Peru
Pucamayo East: Gold-Silver project, Central Peru • Strategic 3 sq km concession (Anta Rumi 101) acquired by staking in early 2015. • 4 sq km concession (Sandra IMG) acquired at no cost in late 2015, bringing area to 19 sq km. • Concession swap in 2016 increased area to 117 sq km. • Epithermal dissem
Slide 14: Pucamayo East Zone Targets Map
CONDOR RESOURCES INC Tone - = “EEGOO mE z HS EPITHERMAL & PORPHYRY TARGET Sy w . /\ : A : z WG } ~ i ‘Brece'! iggy Sili ‘Ledges Targets z 4 ba Qk ad yn 4 ws \ Condor Resources Inc. ce coo s@ ga | PUCAMAYO EAST ZONE P ; > od TARGETS = a ate MAP TSXV: CN www.conorresources.com IN SOUTH AMERICA _
Slide 15: Share Structure
Share Structure September 7, 2016 Shares Outstanding: 91,808,241 Options: 6,000,000 Warrants: 12,150,000 Fully Diluted: 109,958,241 Working Capital* (May 31, 2016): - $0.21 million *$287,000 received since May 31st from stock option and warrant exercise 15
Slide 16: Moving Forward
Moving Forward Capital Preservation: • Leverage on our ability to secure quality early stage projects in Peru. • Advance projects via joint ventures with partners. Ocros: • DIA – the major environmental permit – received in August 2016, and Minera Casapalca are expected to start a drill program in S
Slide 17: Contact Information
Contact Information Head Office Condor Resources Inc. Suite 520, 800 W. Pender St. Vancouver, BC, Canada, V6C-2V6 Phone: 604-642-5707// 1-866-642-5707 info@condorresources.com www.condorresources.com Lyle Davis, President/CEO ldavis@condorresources.com Lima Office Av. Javier Prado Este No. 1184, Off
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