Minera Irl Limited · CSE:MIRL
Minera Irl — Investor Presentation (June 2015)
26 slides from Minera Irl's investor presentation, June 2015
Slide 1: Investor Presentation June 2015
TSX: IRL AIM: MIRL BVL: MIRL June 2015 Investor Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation is for informational purposes only and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose. This presentation does not constitute an admission document, listing particulars, prospectus, offering memo
Slide 3: A Portfolio of Golden Opportunities
A Portfolio of Golden Opportunities Production Flagship Project Exploration Corihuarmi Mine Ollachea Project Portfolio 2014: 24k oz Au 1 million oz£in reserves ~100k oz per year 2015E: 22k oz Au 9-year mine life Corihuarmi (Au) Underground Mining Open Pit Mining CIL Ollachea (Au) Definitive Feasibil
Slide 4: Financial Position and Capital Structure
Financial Position and Capital Structure Shares Outstanding1 231,135,028 Stock Option Plan2 8,690,000 Debt Facility Options3 26,000,000 Fully Diluted 265,825,028 Recent Share Price US$0.08 Market Capitalization US$18 million Cash & Equivalents4 US$3 million Debt Facility1,5 US$30 million 1 – As at 3
Slide 5: 2014 Corporate Strategy
2014 Corporate Strategy Obtain Financing to Commence Construction of the Ollachea Gold Mine All major permits are in-place to build the mine Committed Letter of Offer for $100 million from Macquarie Bank Received Goal of completing project financing negotiations in Q2 2015 Extend the life of
Slide 6: Focused on Peru: A Country With a Long Mining History
Focused on Peru: A Country With a Long Mining History Corihuarmi Gold Mine Ollachea Development Project (Arranging Financing) 6
Slide 7: Corihuarmi Gold Mine
Corihuarmi Gold Mine Open pit, heap leach gold operation More than six years of profitable operations History of extending mine life Initial reserves 145k oz, >225k oz produced to date 2015 production guidance of 22,000 oz 2016 production outlook of 20,000 oz First Nine Months of 2014 2
Slide 8: Corihuarmi: Zones Production and Exploration
Corihuarmi:ZONES Production and Exploration OF EXPLORATION Areas AND ZONES TO EXPLORE N CAYHUA RIDGE AREA SUSAN CAYHUA PIT CERRO NORTH DIANA & ELY ROJO CAYHUA PITS DIANA LAURA ELY SOUTH EXTENSION EAST SCREE CAYHUA DIANA PIT SLOPE WEST Now Exploration Areas Areas to Explore Current Production Areas 8
Slide 9: Ollachea Gold Project - Flagship
Ollachea Gold Project - Flagship 9
Slide 10: Ollachea Gold Project
Ollachea Gold Project The Company’s flagship project and is fully permitted All major permits to commence construction have been granted Project finance negotiations expected to be completed in Q2 2015 Key Infrastructure In-place Paved highways, grid power, ports, airports, motivated local w
Slide 11: Ollachea: Key Infrastructure in Place
Ollachea: Key Infrastructure in Place Interoceanic Highway Grid power ($0.067 kW/h) Abundant water supply Motivated local workforce Modern telecommunications Comfortable altitude Established company base Matarani deep water port Lima’s Callao Bay deep water port Juliaca’s domesti
Slide 12: Ollachea: Key Infrastructure in Place
Ollachea: Key Infrastructure in Place Existing High-Voltage Power Line Future plant location behind ridge Future upper mine infrastructure Minapampa outcrop View overlooking the Minapampa outcrop and the location of future upper mine facilities 12
Slide 13: Ollachea: Excellent Facilities
Ollachea: Excellent Facilities 13
Slide 14: Ollachea: Strong Community Support
Ollachea: Strong Community Support Community of Ollachea is our partner Strong community support 30-year surface rights agreement 5% participating interest in the mine upon commercial production Health, education and sustainable development programs in place 14 Page 14
Slide 15: Ollachea: DFS Optimization Highlights
Ollachea: DFS Optimization Highlights Total gold production: 930,000 ounces Average annual production over 100,000 ounces for first 9 years Significant mine life extension potential identified Total cash costs of $587 per ounce1 A low-cost producer Pay back period of 3.1 years (after tax)
Slide 16: Ollachea: First 9 Years Production Profile
Ollachea: First 9 Years Production Profile 16
Slide 17: Ollachea: After-Tax NPV (millions)
Ollachea: After-Tax NPV1 (millions) Discount Gold Price ($/oz) Rate $1,100 $1,200 $1,300 $1,400 $1,500 0% $231 $289 $344 $399 $453 5% $135 $177 $218 $259 $299 7% $107 $144 $181 $217 $253 10% $72 $104 $135 $166 $197 IRR 20% 24% 28% 32% 35% Payback 4.0 3.4 3.1 2.7 2.4 1 – Based upon the results of an
Slide 18: Ollachea Financing Opportunities
Ollachea Financing Opportunities Senior Project Debt Facility Received a Committed Letter of Offer for $100 million from Macquarie Bank Equates to $70 million of new funds following consolidation of existing debt facility Asset Sales Minera IRL has sold $12.6 million mineral properties in
Slide 19: Ollachea: A Large Open-ended Orogenic Gold System
Ollachea: A Large Open-ended Orogenic Gold System Exploration results continue to demonstrate on-strike and down-dip potential Future Plant Facilities ? Community of Ollachea ? LEGEND Mineralized Trend Mineral Resources Ore-grade Intercepts Regional Fault trace 1.2 km Exploration Tunnel 19
Slide 20: Ollachea: Drilling Demonstrates Exploration Upside
Ollachea: Drilling Demonstrates Exploration Upside S N 1.2km “exploration” tunnel 4.48 g/t Au over 20m 5.47 g/t Au over 11m Concurayoc Zone 5.45 g/t Au over 9m Minapampa Zone 320 m step out 20
Slide 21: A Portfolio of Golden Opportunities
A Portfolio of Golden Opportunities Production Flagship Project Exploration Corihuarmi Mine Ollachea Project Portfolio 2014: 24k oz Au 1 million oz£in reserves ~100k oz per year 2015E: 22k oz Au 9-year mine life Corihuarmi (Au) Underground Mining Open Pit Mining CIL Ollachea (Au) Definitive Feasibil
Slide 22: An Experienced Management Team
An Experienced Management Team Daryl Hodges Diego Benavides* Brad Boland Executive Chairman President Minera IRL SA Chief Financial Officer Geologist with more than 25 Corporate lawyer with Peruvian More than 18 years of years in the mining sector. mining experience in legal and international financ
Slide 23: Equity Research and Major Shareholders
Equity Research and Major Shareholders Dmitry Kalachev Martin Potts Peter Rose Humberto León Cailey Barker Rio Tinto 19.1% CIMINAS 4.0% MIRL Management 3.4% Hargreaves Lansdown 2.8% Shairco 2.0% Mr. Oscar Inchaustegui 1.9% Macquarie Bank 1.9% Earth Resource Group 1.7% BlackRock 1.5% Mineral IRL is f
Slide 24: Ollachea DFS Optimization Summary ($1,300/oz Au)
Ollachea DFS Optimization Summary ($1,300/oz Au) Capital Cost Breakdown Operating Cost Breakdown Item $M1 Item $/t Ore1 $/oz1 Mining 43.7 Mining $23.5/t $243/oz Site Development 3.9 Processing $21.5/t $222/oz Process Plant 58.4 Site G&A $4.3/t $44/oz Ancillary Buildings 3.9 Site Cash Operating Costs
Slide 25: Ollachea Mineral Reserves & Resources Statement
Ollachea Mineral Reserves & Resources Statement Total Proven + Probable Total Measured + Indicated Inferred Resources Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (millions) (g/t Au) (millions) (millions) (g/t Au) (millions) (millions) (g/t Au) (millions) Minapampa 9.2 3.4 1.0 10.1 4.
Slide 26: For additional information, please contact
For additional information, please contact: Brad Boland Chief Financial Officer Tel: +1 (416) 907-7363 brad.boland@irl.com.pe 26