Wallbridge Mining Co. Ltd. · OTC:WLBMF
Wallbridge Mining — Investor Presentation (January 2014)
33 slides from Wallbridge Mining's investor presentation, January 2014
Slide 1: Platinum Group Elements, Copper and Nickel in Sudbury, Ontario
Platinum Group Elements, Copper and Nickel in Sudbury, Ontario Canada’s Premier Mining District January 2014
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT No regulatory authority has approved or disapproved the information contained in this presentation. This presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that
Slide 3: Wallbridge Strategy
WALLBRIDGE STRATEGY • Maximize the benefits of joint venture partnerships & Spinouts – 46 mineral projects from grassroots exploration to pre-feasibility stage – 11 joint ventures with Lonmin Plc, Impala, Xstrata Nickel and others – Equity interests in Duluth Metals Limited (DM:TSX) and Miocene Meta
Slide 4: Wallbridge Mining: Core Assets
WALLBRIDGE MINING: CORE ASSETS 4
Slide 5: Financial Overview (December 31, 2013)
FINANCIAL OVERVIEW (DECEMBER 31, 2013) Issued and Outstanding 162.3 M $50.0 millions Options (Average price $0.14 ) 20.1 M Warrants (Callinan @ $0.27) 4.2 M $45.0 RSU’s & DSU’s 1.5 M Fully Diluted 188.1 M $40.0 $0.08 per share as at Dec. 31, 2013 $35.0 52 week range $0.04 - $0.15 •Average daily volu
Slide 6: Management and Directors
MANAGEMENT AND DIRECTORS ALAR SOEVER WARREN HOLMES Executive Chairman and Director • Mining executive with +40 yrs. experience in mining • Professional Geologist with +30 yrs. • Vice chairman Atlanta Gold Inc., Director for experience HudBay Minerals, Foraco International, • Chairman Miocene Metals,
Slide 7: Wallbridge Shareholders
WALLBRIDGE SHAREHOLDERS 10% 15% 50% 10% 15% Sudbury High Net Worth Lonmin Plc Funds Insiders Others 7
Slide 8: Why PGEs?
PLATINUM GROUP ELEMENTS Why PGEs? 8
Slide 9: Platinum Group Elements
PLATINUM GROUP ELEMENTS ~282K Oz ~900K Oz • Global Urbanisation • Infrastructure • Emissions Control Legislation • Political Risk, Wage Pressure 9
Slide 10: Discovery Upside in Sudbury
DISCOVERY UPSIDE IN SUDBURY • Production since 1886 • 10 active mines • 2 active mills with capacity • 2 active smelters • Good mining culture • Good infrastructure • Skilled workforce Sudbury Deposits*: • 5-20 million tonnes • 1-20% copper • 1-5% nickel • 1-30 g/t Platinum + Palladium + Gold (*Ames
Slide 11: Sudbury Opportunities - PGE
SUDBURY OPPORTUNITIES- PGE Sudbury Deposit Types (Target Size and Grade) FW - Massive Cu FW - Low Sulfide Offset Contact 2 - 10 Mt 2 - 10 Mt 2 - 10 Mt 15 - 20 Mt 7.7 g/t PGE + Au >5 g/t PGE + Au 3.6 g/t PGE + Au 1 g/t PGE + Au 7.3 % Cu 1.0 % Cu 1.3 % Cu 1.3 % Cu 1.1 % Ni 0.3 % Ni 1.8 % Ni 2.7 % Ni ~
Slide 12: 19+ Moz PGEs in 20 years
SUDBURY OPPORTUNITIES- RECENT DISCOVERIES 19+ Moz PGEs in 20 years >15 deposits >120 Mt total tonnage ~4.8 g/t PGE + Au ~3.6 % Cu ~1.7 % Ni Resource Ni Cu Pt + Pd Pt + Pd >1 M oz Examples Mt % % g/t Moz 1. Capre 9.0 ? ? ? ? 2. Victoria 14.5 2.5 2.5 7.6 3.5 3. McCreedy East FW 6.8 0.9 9.9 13.4 2.9 4.
Slide 13: Wallbridge Projects
WALLBRIDGE PROJECTS • 46 Properties total • 42 Properties in Sudbury • 11 Joint Ventures with – Impala – Lonmin – Xstrata Nickel – Others • Discovery Upside 13
Slide 14: Wallbridge's Sudbury Opportunities
WALLBRIDGE’S SUDBURY OPPORTUNITIES Property Stage Ownership Comment Potential Several targets with potential Wisner Feasibility, WM, WM-Xstrata, Broken Hammer, S&SW Occurrences, for 2-10Mt Cu-PGEs Properties Drill Targets (Xstrata option) strong exploration potential over 10kms above 1000 metres dep
Slide 15: Broken Hammer Project
BROKEN HAMMER PROJECT 2013 RESERVE UPDATE (PROBABLE) TONNES 196,600 CU 0.92 % NI 0.10 % open PT 1.92 gpt PD 1.83 gpt AU 0.64 gpt AG 6.02 gpt METAL PRICE RECOVERY PREFEASIBILITY STUDY RESULTS, October 2012 CU $3.50 94% NI $9.00 58% • EBITDA OF $8.4M PT $1,600 71% • CAPEX OF $1.9M • NPV OF $6.0M Disco
Slide 16: Wisner Joint Venture with Lonmin (Part of NRJV)
WISNER JOINT VENTURE WITH LONMIN (PART OF NRJV) Wallbridge’s activities in 2013 • A New Joint Venture was formed whereby Lonmin would earn 50% after $6M cash & expenditure over three years • $2.0M funded by Lonmin Plc (Oct 2013 – Sept 2014 fiscal year) • Drilling and Geophysics proposed 16
Slide 17: Wisner Joint Venture – Broken Hammer Extension
WISNER JOINT VENTURE – BROKEN HAMMER EXTENSION Planned infrastructure 2011 Bulk Sample 2013 Resource 2013 Pit Design Matrix 3D IP DDH Intersects anomaly 17
Slide 18: Wisner Joint Venture – Broken Hammer Depth
WISNER JOINT VENTURE – BROKEN HAMMER DEPTH Broken Hammer WD-16 Matrix 3D IP Anomaly Titan IP Anomalies 500 m 18
Slide 19: Sudbury Camp Joint Venture (SCJV) with Lonmin
SUDBURY CAMP JOINT VENTURE (SCJV) WITH LONMIN FW & Offset Dyke Targets: Skynner Lake Breccia, Mineralized Trill Offset Dyke Wallbridge’s activities in 2013 • Completed: 3,029 metres of drilling at Skynner Lake • USD $1.0M funded by Lonmin Plc (Oct 2012 – Sept 2013 fiscal year) • Drilling and Geophys
Slide 20: Sudbury Camp Joint Venture (SCJV) with Lonmin
SUDBURY CAMP JOINT VENTURE (SCJV) WITH LONMIN Trill Showing • Discovered 2005 • 140 m mineralized trend • 6.41 g/t Pt+Pd+Au, 0.79 % Cu and 1.20 % Ni over 10.3 metres in WTR 012 • 8.11 g/t Pt+Pd+Au, 1.01 % Cu and 0.81 % Ni over 8.76 metres in WTR-028 20
Slide 21: Sudbury Camp Joint Venture (SCJV) with Lonmin
SUDBURY CAMP JOINT VENTURE (SCJV) WITH LONMIN Technician for scale GR Brecciated GR SDBX QD IQD IQD QD N Trill Trench # 2 exposing bend in Trill Offset with Ni-Cu-PGE mineralization TPM Au Pt Pd Ag Cu Ni S ppm ppm ppm ppm ppm % % % N984155 8.93 0.50 2.43 6.00 5.68 1.28 0.43 4.57 N984160 2.49 0.33 0.
Slide 22: North Range Joint Venture (NRJV) with Lonmin
NORTH RANGE JOINT VENTURE (NRJV) WITH LONMIN • 384 km2 • Over 50 km strike length of Offset dykes • Only 28 short drill holes ~1 short hole per 13 km2 ~1 short hole every 1.8 km • Numerous mineralized occurrences • Unexplained Geophysics conductors 22
Slide 23: North Range Joint Venture (NRJV) with Lonmin
NORTH RANGE JOINT VENTURE (NRJV) WITH LONMIN Offset Dyke Targets: Over 50 km strike length of Offset dykes, new Ni-Cu-PGE occurrences, geophysics conductors Wallbridge’s activities in 2013 • Completed 2013: 920 kms airborne EM, 9.6 kms ground EM, 1,384 metres drilling • USD $1.0M funded by Lonmin Pl
Slide 24: Foy North
NORTH RANGE JOINT VENTURE (NRJV) WITH LONMIN Offset Dyke Targets: FOY 1.2m 0.6 g/t TPM, 0.6 % Cu + Ni Over 2.5 km strike length of Offset dykes NORTH Ground EM Grid New Ni-Cu-PGE occurrences Geophysics conductors Wallbridge’s activities in 4m 0.26g/t TPM 2013 Including: 1m 0.7g/t TPM 0.5 % Cu
Slide 25: Parkin Offset Joint Venture (POJV) with Impala Platinum
PARKIN OFFSET JOINT VENTURE (POJV) WITH IMPALA PLATINUM Offset Dyke Targets: Parkin Resource, Milnet Mine, Milnet 1500 Zone Wallbridge’s activities in 2013 • $1.0 million 2013-2014 exploration approved by JV Management Committee. • Implats has elected to not participate in the 2013-2014 program. • W
Slide 26: Wallbridge Spin-Out Equity Interests
WALLBRIDGE SPIN-OUT EQUITY INTERESTS • 2005 Spin-out of Minnesota Projects • 2010 Spin-out of BC Projects • 10.1 M shares (8.1%) DM:TSX • 28.4 M shares (40.5%) – Participation right to 15.67% through MII:TSX.V certain future issuances 26
Slide 27: Duluth Metals Limited Spin-Out Resource
Duluth Metals Limited Spin-Out Dec 2012 Updated Resource, contained metals METAL INDICATED RESOURCES INFERRED RESOURCES Copper 13.7 Billion lbs. 11.8 Billion lbs. Nickel 4.4 Billion lbs. 4.0 Billion lbs. Platinum 5.6 Million ozs. 3.5 Million ozs. Palladium 12.6 Million ozs. 7.6 Million ozs. Gold 3.0
Slide 28: Duluth Metals Limited Spin-Out
Duluth Metals Limited Spin-Out • Significant Value Driver for Wallbridge Shareholders • Twin Metals Minnesota (TMM) JV with Antofagasta Plc – The world’s largest undeveloped Cu-Ni-PGE deposit outside of South Africa – Joint Venture with Antofagasta Plc who would earn 40% of the project by completing
Slide 29: Miocene Metals Limited Spin-Out
MIOCENE METALS LIMITED SPIN-OUT • August 2011 IPO: MII:TSX.V – Future value driver for Wallbridge • Porphyry Cu-Au-Mo projects in SW BC – Rogers Creek: Cu, Au – Salal: Moly – MacKenzie: Cu, Au • Miocene age Cascade Magmatic Arc – Very large deposits on USA side – Similar to copper-gold belts in Chil
Slide 30: Wallbridge Performance vs. Sudbury Peers
WALLBRIDGE PERFORMANCE VS. SUDBURY PEERS 450% 5-YR. SHARE PERFORMANCE VS. PEERS (to September 30, 2013) 400% 350% WM DM MUM FNI LBE S&P TSX GLOBAL MINING INDEX TSXV composite Index 300% 250% 200% 150% 100% 50% 0% -50% September-08 September-09 September-10 September-11 September-12 September-13 Marc
Slide 31: Wallbridge Highlights & Plans
WALLBRIDGE HIGHLIGHTS & PLANS • Broken Hammer Prefeasibility Study Completed Oct 2012 • Broken Hammer Permitting 2013 • Broken Hammer Production Decision 2013 • Review, Drilling and Geophysics at the Parkin Offset JV Reduced 2014 Program underway • Drilling and exploration, Sudbury Camp JV with Lonm
Slide 32: The Wallbridge Opportunity
THE WALLBRIDGE OPPORTUNITY • Exposure to a basket of high demand commodities in North America – Copper – Platinum, Palladium – Gold – Molybdenum – Nickel • Immediate discovery upside in Sudbury • Underlying value and growth potential in Duluth Metals shares • Blue sky discovery potential in Miocene
Slide 33: For Further Information
FOR FURTHER INFORMATION Joshua Bailey, VP Exploration 705-682-9297, ext. 240 jbailey@wallbridgemining.com Linda Zubal, VP, Corporate Communications 705-682-9297, ext. 263 lzubal@wallbridgemining.com
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