Bravada Gold Corporation · TSXV:BVA
Bravada Gold — Investor Presentation (May 2012)
41 slides from Bravada Gold's investor presentation, May 2012
Slide 1: Corporate Presentation – May 2012
CORPORATE PRESENTATION BRAVADA GOLD CORPORATION BVA:TSX.V | BRT: FSE
Slide 2: Forward-looking Statement
Forward‐looking Statement Some of the statements contained in this presentation may be deemed “forward‐looking statements.” These include estimates and statements that describe the Company’s future plans, objectives or goals, and expectations of a stated condition or occurrence. Forward‐looking stat
Slide 3: Why Nevada?
Why Nevada? Produced 5.34MM oz of gold in 2010, 7% of the world total - 26% from underground mines in 2010 Gold reserves are stable - replacing production nearly every year, 75MM in 2009 Produced 165.9MM oz Au from 1907-2007 67% of Nevada is federal government land open to exploration Stable environ
Slide 4: Bravada Projects
Bravada Projects Bravada Properties ● BVA Project Nevada 2012 ● BVA Project Available for JV ● BVA Project Available with Major Projects & Existing JV Companies BVA:TSX.V | BRT: FSE 4
Slide 5: Projects with Multi-million Oz Potential
Projects with Multi‐million Oz Potential Wind Mountain • 100% owned, gold & silver open pit/heap leach – eg. Hycroft Mine • NI 43‐101 resource estimate in 2012 and positive PEA in 2012 – near term production Quito • High‐grade gold, underground potential – eg. Northumberland deposit • Past‐producing
Slide 6: Wind Mountain Milestones
Wind Mountain Milestones 100% Bravada owned, gold/silver open pit/heap leach 2006 ‐ Earn‐in from Agnico Eagle, who retain 1‐2% royalty 2007 ‐ NI 43‐101 resource estimate (no Ag resource reported) • M + I = 406,000oz Au (33.7MM short tons @ 0.012opt Au) • I = 92,000oz Au (9.8MM short tons @ 0.009opt
Slide 7: Wind Mountain
Wind Mountain Elko Detail Reno Eureka BVA:TSX.V | BRT: FSE 7
Slide 8: Wind Mountain - Historic Production by Amax Gold
Wind Mountain ‐ Historic Production by Amax Gold 299,259oz Au recovered from 434,089oz Au mined, with 1,769,426oz Ag recovered (closure since 1997) Wind Mountain Open Pit Breeze Open Pit Wind Mountain Open Pit Single hole w/18m 0.318 g/t Au @ bottom (TD 165m’) BVA:TSX.V | BRT: FSE 8
Slide 9: Wind Mountain – Hycroft Mine Analogy
Wind Mountain – Hycroft Mine Analogy • Multi‐million‐ounce resource* • Hycroft is located ~125km by road to the NE of Wind Mountain • Geologically very similar age of formation, geometry, metallurgy, and grade Hycroft 2011 production figures** (open pit, oxide, heap leach): • Gold Ounces produced =
Slide 10: Wind Mountain 2012 NI 43-101 Resource
Wind Mountain 2012 NI 43‐101 Resource •Indicated resource increased to 570,500 oz gold from 405,543 ounces, an increase of 164,957 oz •Inferred resource increased to 354,300 oz gold from 92,437 ounces, an increase of 261,863 oz •Indicated resource contains 14,736,000 oz silver, whereas no previous s
Slide 11: Wind Mountain – MDA's 2012 PEA
Wind Mountain – MDA’s 2012 PEA BASE CASE - Open-pit contract mining w/ trucks, shovels, s mile x 10 appro 447 Hwy fence Guard Station ROM leaching, US$1,300/oz Au & $24.42/oz Ag ADR Plant Resource inside the pits = 42.1 million short tons of Indicated Resource @ 0.011 oz Au/t & 0.26 oz Ag/t, and 2.2
Slide 12: Wind Mountain – MDA's 2012 PEA
Wind Mountain – MDA’s 2012 PEA $1,690Au & $31.75Ag increases IRR to 74% & NPV@5% to $136.2 million BVA:TSX.V | BRT: FSE 12
Slide 13: Wind Mountain – 2011 Exploration Program
Wind Mountain – 2011 Exploration Program Hole WM11‐072: 19.8m of 0.414g/t Hole WM11‐039: Au‐eq 6.1m of 0.875g/t Au‐eq Hole WM11‐069: 25.9m of 0.800g/t Hole WM11‐066: Au‐eq 16.8m of 1.617g/t Au‐eq Hole WM11‐054: 6.1m of 2.158g/t Hole WM11‐063: Au‐eq 27.4m of 0.901g/t Au‐eq Hole WM11‐034: Hole WM11‐05
Slide 14: Wind Mountain – Current Resource & Potential Resource Additions
Wind Mountain – Current Resource & Potential Resource Additions New to 2012 Resource 2007 Resource New to 2012 Resource Cross section New to 2012 Resource BVA:TSX.V | BRT: FSE 14
Slide 15: Wind Mountain - Cross Section Looking North
Wind Mountain ‐ Cross Section Looking North Wind Mt Main Resource Au > .015 opt Au > .005 opt Lake Sediments Clastic Sediments +/‐ Sinter Deep Min Deposit Au > .015 opt Clastic Sediments +/‐ Sinter BVA:TSX.V | BRT: FSE 15
Slide 16: Preliminary Metallurgy Results
Preliminary Metallurgy Results Large‐size samples collected from spent heaps, waste dumps, & open pits Moderately hard to crush, hard to mill, abrasive • Abrasion indices average ~0.53 • Crusher work index average ~14 kW‐hr/st • Ball mill grindability tests average ~24 kW‐hr/s Scoping‐level bottle r
Slide 17: Preliminary Development Time Line
Preliminary Development Time Line BVA:TSX.V | BRT: FSE 17
Slide 18: Quito
Quito Elko Detail Reno Eureka BVA:TSX.V | BRT: FSE 18
Slide 19: Quito Project
QUITO PROJECT Austin, Nevada Looking Southeast 1986‐1989 production reported 174,460 Oz Au from original published reserve of 1.7MM short tons @ 6.34g/t Au* *Bravada has not independently confirmed either the past production or remaining resource, and these historic figures should not be relied upon
Slide 20: Quito Highlights
Quito Highlights • Discovered by FMC in 1980, grass‐roots discovery based on the Sb in jasperoid • In 1984 Inspiration Gold, Inc. formed a JV. Began open‐pit mining in May 1986 and ended with underground mining beneath the pit area in November 1989. Ore was processed in a 1000tpd mill utilizing sulf
Slide 21: Quito Targets
Quito Older BC Lower Targets Plate Lower Upper Plate Plate Maggie Spires Alluvium Section 25 Lower Plate Upper Quito Mines Plate Q‐4 Older Lower Upper Plate Plate SW Russ Cross section BVA:TSX.V | BRT: FSE 21
Slide 22: Quito 3D Model
Quito Topography 3D Model Quito open‐pit mine Q‐4 Russ deposit Cross BVA:TSX.V | BRT: FSE section 22
Slide 23: Russ Target Cross Section
Russ Target Cross Section “Leakage” through unfavorable Upper Plate rocks Upper Plate rocks Upper Plate rocks Proposed drill hole Porter Fault Target: Pre‐mineral faults Upper Plate rocks trap gold in Lower Plate rocks below Upper Plate rocks 300m Lower Plate Carbonate rocks *Bravada has not indepen
Slide 24: Russ Target
Russ Target • High‐grade, UG gold deposit – Russ “leakage” resource, highest grade intercept 1.5m of 12.465g/t Au – Surface to 1.04g/t Au rock, As soil anomaly all in Upper‐Plate Valmy – Target is the trap beneath Quito and Porter Faults – Drill 1000m core, 1 or 2 holes • Drill hole (Q98‐03) down di
Slide 25: Proposed Quito Budget 2012
Proposed Quito Budget 2012 • 1,000m core drilling $233.1K • Geologist for core logging 11.0K • Surface evaluation for new targets 14.3K • 2012 claim fees and filing 70.9K Total US$329.3K BVA:TSX.V | BRT: FSE 25
Slide 26: Quito agreement
Quito agreement BVA spends US$2.5MM over 5 years (6/2016) to earn 70%, then Meridian/Yamana can: • Elect to participate at 30%, • Elect to earn 51% should BVA discover +2MM oz gold deposit by: Paying BVA 300% of BVA expenditures, Funding BVA’s portion of capital repaid out of 80% of BVA’s portio
Slide 27: Cortez District
Cortez District Elko Detail Reno Eureka BVA:TSX.V | BRT: FSE 27
Slide 28: Cortez District
Cortez District Slaven Cnyn Hilltop Granite Mtn/Colorback NSR North Robertson Gold Acres +18MM oz Au prod NSR South Pipeline +33MM oz Au res Cortez Horse Cortez Hills Cnyn/Mill Creek Pediment Barrick’s Mine or major development project Red Hill Discovery Historic (non‐43‐101) mineral body (+7MM oz )
Slide 29: Colorback Looking SE along BM-E Gold trend
Colorback Looking SE along BM‐E Gold trend Cortez/Cortez Hills/Pediment Complex Robertson deposits Pipeline Mine BVA:TSX.V | BRT: FSE 29
Slide 30: NSR & Colorback
NSR & Colorback Geology Map New CB Claims “leakage” Au body BVA:TSX.V | BRT: FSE 30
Slide 31: Colorback Project
Colorback Project High‐grade sample Upper Plate 15–20cm @ Tertiary‐age 18.3g/t Au Intrusive BVA:TSX.V | BRT: FSE 31
Slide 32: Colorback 3D View
Colorback 3D View Surface Sample15cm @ 18.3g/t Au Qal Tertiary Sill Upper Plate cap rock High‐grade Au in Upper‐Plate Favorable host in carbonate unit Upper Plate ~NW View BVA:TSX.V | BRT: FSE 32
Slide 33: Colorback Target
Colorback Target Surface Sample15cm @ 15’ @ 2.29g/t Au Projected ~100’ 18.3g/t Au 5’ @ 0.58g/t Au 40’ @ 0.93g/t Au Projected ~120’ 15’ @ 0.48g/t Au Proposed 1,200’ Core Hole 20’ @ 0.32g/t Au Top of favorable host High‐grade Au in Upper Plate in Upper‐Plate carbonate unit 200 feet NW View BVA:TSX.V |
Slide 34: Colorback Project
Colorback Project Section 29 Target: View NE Upper Plate Units Tertiary‐age Intrusive sill Upper Plate Units BVA:TSX.V | BRT: FSE 34
Slide 35: Proposed Colorback Budget 2012
Proposed Colorback Budget 2012 • 1,200ft (366m) core drilling $90K • Assays and supplies 9K • Geologist for core logging 10K • Surpac model and targeting 6K • 2012 claim fees and filing 5K Total US$120K BVA:TSX.V | BRT: FSE 35
Slide 36: Cortez District agreements
Cortez District agreements • NSR – BVA spends US$2MM over max. 6 years (by 2/2016), then Agnico‐Eagle can: – Elect to accept 2% NSR w/ buy‐down to 1% for $1MM, or – Elect to earn back 60% by $4MM expenditures w/ min. $1MM annually & producing bankable‐quality feasibility • Agnico can earn an additio
Slide 37: Earn-In JV Agreements
Earn‐In JV Agreements Signal – Option agreement signed in July 2011 by Terra Rossa where 51% interest can be earned by: • Incurring expenditures of $2,150,000 over 4 years • Issuing to BVA staged shares to 250,000 total Shoshone Pediment – Six year lease/option purchase agreement signed in April 200
Slide 38: Capitalization
Capitalization Market Cap as of February 6, 2012 Warrants Outstanding • $10.9 Million @ $0.09/share • 23,931,470 Cash Finder’s Warrants • $290,460 • 3,088,667 Debt Options Outstanding • $0 • 9,092,550 Shares Outstanding Fully Diluted • 114,264,282 • 150,376,969 Management & Close Associates • 23% BV
Slide 39: Management & Directors
Management & Directors Senior Management Directors Joseph Kizis – President Joseph Kizis – President, Director Derek Page – CFO Lawrence Page, Q.C. – Director and Chairman Lawrence Page, Q.C. – Legal/business advisor Paul Dircksen – Director Arie Page – Corporate Secretary G. Ross McDonald – Directo
Slide 40: Management & Directors
Management & Directors • Joseph A. Kizis, Jr. – Mr. Kizis is a Registered Geologist with 35 years experience in exploration for gold, silver, copper, molybdenum, lead, zinc, and uranium in the U.S., Canada and abroad. Currently, he is the President and director of Bravo Gold Corp. and Bravada Gold C
Slide 41: Contact Information
Contact Information Contact: Head Office: Liana Shahinian Bravada Gold Corp. VP Corporate Development Suite 1100‐1199 West Hastings St. liana@mnxltd.com Vancouver, BC, V6E 3T5, Canada Tel: 604.641.2773 www.bravadagold.com BVA:TSX.V | BRT: FSE