Search Minerals Inc. · TSXV:SMY
Search Minerals — Investor Presentation (April 2011)
34 slides from Search Minerals's investor presentation, Apr 12, 2011
Slide 1: Search Minerals Corporate Presentation
Search Minerals Rare Earth Element Exploration and the Development of Cutting Edge Mining Technology Corporate Presentation Updated: April 12, 2011 1
Slide 2: Safe Harbour Statement
Safe Harbour Statement Forward looking information. Certain statements contained in or incorporated by reference into this presentation constitute forward-looking statements. Such statements reflect the current views of Search Minerals Inc. with respect to future events and are subject to certain ri
Slide 3: Capital Structure
Capital Structure April 12, 2011 Symbol: SMY on the TSX Venture CUSIP: 812218 Shares Outstanding 46,656,772 Warrants 2,420,000 @ $.75 – May 2012 2,144,000 @ $.80 – Nov. 2011 then @ 1.00 – Nov. 2012 23,286,220 1,222,222 @ $.70 – Jan. 2012 then @ $.80 – Jan. 2013 then @ $.90 Jan. 2014 13,611,112 @ $.7
Slide 4: Management Team
Management Team James Clucas Dr. Randy Miller Director, President, Chief Executive Officer Vice-President of Exploration Former CFO of Inco Canada, founder of International Nickel Ph.D in Geology from the University of Toronto. Extensive Ventures Inc, instrumental in development of several mineral e
Slide 5: Board of Directors
Board of Directors James Clucas Dr. David Dreisinger Former CFO of Inco Canada, founder of International Nickel Ph.D in metallurgical engineering from Queens University, Ventures Inc, instrumental in development of several mineral professor at UBC and has held the Industrial Research deposits. Chair
Slide 6: Search Minerals: A Two-Fold Approach
Search Minerals: A Two-Fold Approach Rare Earth Element Exploration • Multiple Properties in a highly prospective area. • Discovery of a new REE-District: the “Port Hope Simpson REE District” • Option agreements have us partnered with two well known REE exploration companies: Quest Rare Minerals and
Slide 7: Developing New Technologies
Developing New Technologies • Search Minerals is developing a range of new technologies for metal value recovery from waste streams, enhanced metal value recovery from existing operations and exploitation of mineral deposits that are considered un-economic using conventional technologies. Specific t
Slide 8: Expediting Development
Expediting Development Search will shorten the usual time-line of Exploration companies through a number of actions: • Multiple projects moving parallel. • Initially focusing on high-yield, small tonnage deposits. • Economical and Goal-Oriented exploration methods. Not numbers driven. • Securing str
Slide 9: Rare Earth Properties
Rare Earth Properties Port Hope Simpson District Strange Lake Complex Red Wine Complex TSXV: SMY SEARCHMINERALS.CA 9
Slide 10: Port Hope Simpson REE District
Port Hope Simpson REE District • 135km long belt of land stretching inland from Fox Harbour on the Labrador coast. • All parts of property within 10km of local highways. Three ports and three airstrips also provide service nearby. • Fixed wing, airborne radiometric and magnetometer surveys completed
Slide 11: Port Hope Simpson District
Port Hope Simpson District • Multiple zones and prospects within the Port Hope Simpson REE District: Fox Harbour zone, HighREE Island, Rattling Bog Hill, Rock Rolling Hill and the HighREE Hills, which encompass Piperstock Hill, Southern Shore, Toots Cove and Pesky Hill prospects. • Presence of high
Slide 12: Port Hope Simpson REE District
Port Hope Simpson REE District TSXV: SMY SEARCHMINERALS.CA 12
Slide 13: Grab sample data from Port Hope Simpson District
Grab sample data from Port Hope Simpson District ROCK RATTLING HIGHREE HIGHREE FOX FOX ROLLING BOG HILL ISLAND ISLAND HARBOUR HARBOUR Y 4792 2963 21910 4264.1 1250 1241 Zr 221 575 16320 9164.4 13190 10810 Nb 7623 4160 9900 1933.4 1090 763 La 6.1 105 2070 1316.3 594 1600 Ce 25.7 290 5700 3247.4 1330
Slide 14: HighREE Hills Map
HighREE Hills Map TSXV: SMY SEARCHMINERALS.CA 14
Slide 15: Grab sample data from the HighREE Hills
Grab sample data from the HighREE Hills HighREE Hills MH‐250 MH‐252 MH‐285 MH‐5006 MH‐030 MH‐152 Toots Cove Toots Cove Pesky Hill Southern Shore Southern Piperstock Hill Shore Y 7,188 8,443 10,450 7,555 5,663 13,270 Zr 10,500 19,260 40,460 314 14,720 24,330 Nb 12,040 17,197 11,534 5,173 2,027 14,140
Slide 16: HighREE Island
HighREE Island • A high priority elongate target covers over 50% of HighREE Island. • Mineralization occurs as pegmatite-aplite dykes and veins from 2cm to 1.5m wide. Quartz and magnetite occur along with fergusonite, zircon and other REE-Nb-Y-Zr minerals. • A $500,000, 2,000m NQ, preliminary explor
Slide 17: HighREE Island
HighREE Island TSXV: SMY SEARCHMINERALS.CA 17
Slide 18: Fox Harbour Zone
Fox Harbour Zone • A zone approximately 25km x 1.5km. • The prospecting, channel sampling and mapping program has outlined three felsic peralkaline volcanic belts with anomalous concentrations of LREE, Zr, Nb and Y. The Foxtrot Prospect was better defined with a follow-up ground magnetometer survey.
Slide 19: TSXV: SMY SEARCHMINERALS.CA
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Slide 20: Fergusonite REE-mineralization and channel samples
Left: Fergusonite REE-mineralization (yellow) next to magnetite grains (black) hosted in a quartz matrix. Sample taken from HighREE Island. Left & Above: Two recent channel samples taken in the Fox Harbour Zone. TSXV: SMY SEARCHMINERALS.CA 20
Slide 21: Red Wine Project
Red Wine Project • 301 claims comprising of 7,525 Hectares. 100km NE of Churchill Falls, Labrador. • 35km NE of Orma Lake Road. • Type 1 Mineralization occurs in eudialyte- bearing (Zr-Ca-Y- REE silicate) gneiss and Type 2 occurs in several unidentified REE minerals. • Mineralization hosted in under
Slide 22: Red Wine Drill Program – Cabernet Showing
RED WINE DRILL PROGRAM – CABERNET SHOWING Hole No. CB‐03 CB‐05 CB‐01 CB‐02 CB‐05 CB‐03 Mineralization Type 1 Type1 Type 2 Type 2 Type 2 Type 2 Interval (m) 3.6‐13.3 36.6‐45.6 158.6‐162.6 56.6‐62.2 124.2‐128.45 77.85‐80.3 Length (m) 9.7 9 4 5.6 4.25 2.45 Y 751.8 786.7 3450.5 2709.7 3408.1 1294.2 Zr 7
Slide 23: Red Wine Drill Program – Pinot Rosé Showing
RED WINE DRILL PROGRAM – PINOT ROSE´ SHOWING Hole No. PR‐01 PR‐02 PR‐03 PR‐03 PR‐04 PR‐05 Mineralization Type 1 Type 1 Type 1 Type 1 Type 1 Type 1 Interval (m) 134.4‐147.8 49.4‐57.5 96.9‐97.3 121‐132.8 130‐136.2 188.4‐194.6 Length (m) 13.4 8.1 0.4 11.8 6.2 6.2 Y 424.9 479.7 3144 810.2 750.1 599 Zr 4
Slide 24: Option Agreement: Great Western Minerals Group
Option Agreement: Great Western Minerals Group • GWG and SMY entered into an Option Agreement on April 12, 2010 • GWG pays an aggregate of $225,000 Great Western Minerals Group Ltd. is a • $50,000 on the date of execution, Canadian Based developer of REE assets, with • $75,000 on or before April 30t
Slide 25: Strange Lake
Strange Lake • 30 claims totalling 750 Hectares • Located on the Strange Lake Peralkaline Granite Complex • Adjacent to Iron Ore Company of Canada’s Strange Lake Deposit. • Two historic drill holes on Search Property indicate significant intervals of Zr, Y, and Nb • Option Agreement signed with Ques
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Slide 27: Iron Ore Company Historical Drilling
Iron Ore Company Historical Drilling • Research in the public archives identified two holes drilled by IOC within Search’s Strange Lake Property. These holes SL 15 and SL 16 intersected significant intervals of Zirconium, Yttrium and Niobium oxides as follows: – SL 15: 8.41 m grading 1.65% Zr oxide,
Slide 28: REE & Selected Trace Elements Strange Lake Complex Outcrop & Float
REE & Selected Trace Elements Strange Lake Complex Outcrop & Float Sample Number Element (PPM) SL‐04 SL‐06 SL‐07* 19601 19604 19607* Y 947 10,365 12,521 556 1010 21,000 Zr 8700 9918 7747 8251 6750 12,062 Nb 1,359 6709 8,521 652 789 2320 La 532 1,385 1,958 240 712 2,733 Ce 1,308 4,385 5,173 639 1,672
Slide 29: Option Agreement: Quest Rare Minerals
Option Agreement: Quest Rare Minerals • Quest has been granted the option to acquire up to 65% undivided working interest in 30 claims in the Strange Lake. • First Option is to earn 50% by issuing an Quest Rare Minerals Ltd. is a Canadian‐based, aggregate of 90,000 commons shares over 3 exploration
Slide 30: Summary
Summary • Two Option Agreements signed, one with Quest Rare Minerals and one with Great Western Minerals Group. • Identified a new REE district: the Port Hope Simpson REE District with 8 announced prospects; continuing mapping program to identify more • A Management team with decades of prospects. e
Slide 31: What are Rare Earth Elements?
What are Rare Earth Elements? • A Series of 17 elements including the lanthanides and scandium and yttrium. • Divided into two categories: Light Rare Earth Elements (LREE) and Heavy Rare Earth Elements (HREE). LREE are relatively common. HREE are relatively rare and more valuable. • Rare Earth Eleme
Slide 32: The Demand for Rare Earth Elements
The Demand for Rare Earth Elements • Chinese production accounts for over 95% of the worlds production • China taking steps to limit exports, introducing tariffs and restricting production quotas. • The USA, Japan and the EU, having a high demand for REEs, will need to find new suppliers. *http://pu
Slide 33: Light and Heavy Rare Earths Prices
Light Rare Earths Heavy Rare Earths *Prices as of April 14, 2011 and are quoted in US$/kg on an FOB China basis. http://www.metal- pages.com/metalprices/rareearths/ TSXV: SMY SEARCHMINERALS.CA 33
Slide 34: Rare Earth Elements: Essential for the 21st Century
Rare Earth Elements: Essential for the 21st Century Green Energy • Hybrid and Electric Vehicles • Wind Energy • Energy Efficient Lighting Military and Defence • Communications • Aeronautical engineering and Jet Engines • Guidance, Lasers, Sonar, Optics, and Electronic Counter Measures Modern Technol