Regulus Resources Inc · TSXV:REG
Regulus Resources — PDAC 2019
32 slides from Regulus Resources's conference presentation, March 2019
Slide 1: Emerging Cu-Au Discovery in the Land of Peruvian Giants
Emerging Cu-Au Discovery in the Land of Peruvian Giants TSXV - REG NEW Updated Interim Mineral Resource Estimate Regulus Resources Inc. PDAC 2019 Presentation March 2019 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Information www.regulusresources.com Forward‐Looking Information. Certain of the information contained in this document constitutes forward‐looking information or forward‐looking statements (collectively, "forward‐looking information") within the meaning of applicable Cana
Slide 3: A Brief Introduction
A Brief Introduction Latest Updates on the Company www.regulusresources.com Regulus Resources - Strategy To add value by proving out an expanded resource at its flagship AntaKori Cu-Au Project with extensive drill programs and interim Mineral Resource Estimates leading to future PEA and PFS 2019 Int
Slide 4: Who are we? An Experienced Team in South America
Who are we? An Experienced Team in South America www.regulusresources.com John Black Fernando Pickmann Mark Wayne Dr. Kevin B. Heather, CEO & Director President & COO CFO & Director Chief Geological Officer B.Sc., M.Sc., 35+ years LLM, 20+ years mining LLB, CFA, 35+ years B.Sc. (Hons), M.Sc., Ph.D.,
Slide 5: Who are we? TSX-V-Listed Company with Loyal Shareholders
Who are we? TSX-V-Listed Company with Loyal Shareholders www.regulusresources.com Shares issued 90,994,594 4,217,452 at C$1.60 to Jan 2020 Warrants outstanding 187,307 at C$1.90 to Sep 2020 Total 4,404,759 Options outstanding 7,750,000 at C$1.50 to $2.00 - expiry 2021-2024 Fully diluted 103,149,353
Slide 6: Who are we? A Team With a Proven Track Record
Who are we? A Team With a Proven Track Record www.regulusresources.com Strategy 1 2 3 Acquire Mineral Add Value by Monetize By Resources with Expanding Resource Selling to a Overlooked Potential Project De-Risking Major Mining Co. The Team’s Companies & Key Projects Starting Resource Proved Out Reso
Slide 7: Where are we? Northern Peru, the Land of Giants
Where are we? Northern Peru, the Land of Giants www.regulusresources.com High sulphidation epithermal gold Porphyry copper gold TSXV - REG 7
Slide 8: Where are we? Good Infrastructure, Close to Operating Mines
Where are we? Good Infrastructure, Close to Operating Mines www.regulusresources.com Tantahuatay Mine & Antakori Project Cerro Corona Mine Yanacocha Mine Cajamarca City TSXV - REG 8
Slide 9: Where are we? Immediately Adjacent to Two Operating Mines
Where are we? Immediately Adjacent to Two Operating Mines www.regulusresources.com Cerro Corona Mine AntaKori Claims Sub-area 2 Cerro Corona Tailings Tantahuatay Leach Pads AntaKori Claims Tantahuatay 2 Open Pit Sub-area 1 TSXV - REG 9
Slide 10: AntaKori acquired via merger with Southern Legacy Peru
What have we achieved at AntaKori? AntaKori acquired via merger with Southern Legacy Peru www.regulusresources.com We were able to acquire AntaKori on the “cheap” because we captured the project at the bottom of a cycle and because of the below issues, for which we have the following solutions: Chal
Slide 11: District Consolidation - Two Agreements in Place
What has been achieved by Regulus? District Consolidation - Two Agreements in Place www.regulusresources.com 1. Coimolache Agreement AntaKori • Mutual rights of access – mutual Claims rights of expansion agreement • Full data sharing within an area of interest (AOI) 2. Colquirrumi Agreement • Option
Slide 12: 23,000 m+ Phase Drill Program Completed
What has been achieved by Regulus? 23,000 m+ Phase 1 Drill Program Completed www.regulusresources.com Highlights of the Phase 1 Drill Program at AntaKori: • AK-17-001 - 184 m with 1.54% Cu, 1.05 g/t Au and 11.9 g/t Ag (2.40% CuEq) Best holes to date including: • AK-18-014 – 714 m with 0.68% Cu, 0.38
Slide 13: Extensive Drill Program 2017/2018
What has been achieved by Regulus? Extensive Drill Program 2017/2018 www.regulusresources.com • ~23,000m completed Q4 2018 by Regulus • Adds to the ~17,000m of historical drilling • ~25,000m 2019 Drill Program Planned TSXV - REG 13
Slide 14: Geological Setting: Systematic Drill Out to Depth
Geological Setting Systematic Drill Out to Depth www.regulusresources.com TSXV - REG 14
Slide 15: Geological Setting: Commencing Drilling to the North
Geological Setting Commencing Drilling to the North www.regulusresources.com TSXV - REG 15
Slide 16: Geological Setting: Commencing drilling to the North
Geological Setting Commencing drilling to the North www.regulusresources.com TSXV - REG 16
Slide 17: NEW Interim Mineral Resource Estimate
What has been achieved by Regulus? NEW Interim Mineral Resource Estimate www.regulusresources.com Announced March 1, 2019 2019 Resource on AntaKori by Regulus Resources – 0.3% Cu Eq cut-off Resource Tonnes Cu Au Ag Cu Eq Cu Au Ag Cu Eq Au Eq Category (millions) (%) (g/t) (g/t) (%) (B lbs) (M oz) (M
Slide 18: New Interim Mineral Resource Estimate
New Interim Mineral Resource Estimate News Release of March 1, 2019 www.regulusresources.com TSXV - REG 18
Slide 19: New Interim Mineral Resource Estimate
New Interim Mineral Resource Estimate News Release of March 1, 2019 www.regulusresources.com TSXV - REG 19
Slide 20: New Interim Mineral Resource Estimate
New Interim Mineral Resource Estimate News Release of March 1, 2019 www.regulusresources.com TSXV - REG 20
Slide 21: Wood Conceptual Pit Shell looking West
Wood Conceptual Pit Shell looking West News Release of March 1, 2019 www.regulusresources.com • Regulus Drilling outside Pit Shell displaying Cu% Hole AK-18-026 – 236.35 m with 0.53% Cu, 0.63 g/t Au and 12.1 g/t Ag (1.09% CuEq) and 473.20 m with 1.16% Cu, 0.21 g/t Au and 8.43 g/t Ag (1.39% CuEq) is
Slide 22: What do we think we have? Blue-sky Upside Potential
What do we think we have? “Blue-sky” Upside Potential www.regulusresources.com Resource on Regulus concessions only 2019 Wood Resource Estimate (Sulphides) 4 Untested Indicated 250 Mt Targets Cu 0.48 Au 0.29 (%) (g/t) Cu (Mt) 2.6 Au 2.3 3 (M oz) Resource below neighbouring Tantahuatay Inferred 267 M
Slide 23: Size Potential – Antamina Scale
Size Potential – Antamina Scale www.regulusresources.com Outline of Antamina Cu-Zn Resource TSXV - REG 23
Slide 24: What is our plan? Drilling to Expand Resource
What is our plan? Drilling to Expand Resource www.regulusresources.com Starting Point Current Resource 2 PEA 2014 - Present Resource 1 Early 2020 2020 March 2019 Project acquired in Updated Interim Updated Resource Preliminary 2014 from Southern Resource Estimate Estimate (R2) Economic Legacy (R1) A
Slide 25: Regulus' 3-Year Performance
Regulus’ 3-Year Performance Major Milestones www.regulusresources.com Aldebaran First Drill Spin-out Results at AntaKori Recent Drill Results Announcement of MOU Agreements Jan 30, 2019 with Coimolache & Buenaventura TSXV - REG 25
Slide 26: What are our goals? Add Value by Resource Expansion
What are our goals? Add Value by Resource Expansion www.regulusresources.com US$0.04/lb CuEq This is what we showed Prior to the new resource C$265MM (US$195MM) US$0.04/lb CuEq = C$2.91/share C$162 MM (US$123 MM) US$0.027/lb CuEq = *C$1.78/share AntaKori holds 5.1 Blbs CuEq Median price paid of 23 M
Slide 27: What are our goals? Add Value by Resource Expansion
What are our goals? Add Value by Resource Expansion www.regulusresources.com New Resource US$0.04/lb CuEq C$425MM adds value (US$320MM) US$0.04/lb CuEq = C$4.67/share C$173 MM (US$130 MM) US$0.016/lb CuEq = *C$1.90/share AntaKori holds 8 Blbs CuEq Median price paid of 23 M&A transactions for similar
Slide 28: Deliver Robust Cu-Au Asset into Rising Copper Market
What are our goals? Deliver Robust Cu-Au Asset into Rising Copper Market www.regulusresources.com March 2019 2019-2020 2020 Interim Mineral Continued Drilling to Resource Update Resource Estimation Increase Resource and PEA Released TSXV - REG 28
Slide 29: Why invest in Regulus?
Why invest in Regulus? Lightning Will Strike Twice! www.regulusresources.com • Successful Team with Proven Track Record • Great Asset in Excellent Jurisdiction • Mineral Resource Expanding with Significant Upside • Delivering Undervalued Cu-Au Asset into Rising Copper Market • Well-funded Junior wit
Slide 30: New Interim Mineral Resource Estimate
New Interim Mineral Resource Estimate New Release of March 1, 2019 www.regulusresources.com TSXV - REG 30
Slide 31: New Interim Mineral Resource Estimate
New Interim Mineral Resource Estimate New Release of March 1, 2019 www.regulusresources.com AntaKori Indicated Mineral Resource Contained Metals CuEq Tonnes CuEq AuEq Cu Au Ag As CuEq AuEq Cu Au Ag Cut-off (millions) (%) (g/t) (%) (g/t) (g/t) (ppm) (B lbs) (M oz) (B lbs) (M oz) (M oz) (%) 0.2 296 0.
Slide 32: Emerging Cu-Au Discovery in the Land of Peruvian Giants
Emerging Cu-Au Discovery in the www.regulusresources.com Land of Peruvian Giants TSXV-REG Laura Brangwin, Investor Relations laura.brangwin@regulusresources.com www.regulusresources.com Suite 2300, 1177 West Hastings Street, Vancouver, BC Canada, V6E 2K3 TSXV - REG Tel: (604) 685-6800 32