Wallbridge Mining Co. Ltd. · OTC:WLBMF
Wallbridge Mining — Investor Presentation (February 2010)
50 slides from Wallbridge Mining's investor presentation, February 2010
Slide 1: February 2010 Update
WALLBRIDGE MINING COMPANY LIMITED February 2010 Update
Slide 2: Cautionary and Forward Looking Statement
Cautionary and Forward Looking 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”. “forward-looking statements . All statements in this presentation
Slide 3: Wallbridge Mission
Wallbridge Mission • Founded to explore for nickel-copper-PGEs in North America • Exploring in Sudbury an established under-explored g camp mining p • A portfolio of copper-gold- molybdenum porphyry properties in British Columbia • Invested in the Duluth Complex in Minnesota, an emerging copper copp
Slide 4: Wallbridge property overview
WALLBRIDGE MINING COMPANY LIMITED Duluth Metals Ni-Cu-PGE 12,283,921 shares British Columbia Sudbury Cu-Au-Mo ~12.9% . Ni-Cu-PGE >1200 square kms >650 square kms Bear JVs -Broken Trill -Frost Lk. -Hess CBA Hammer -Skynner -Wisner -Parkin CBA Xstrata -Wisner E. -Creighton -Blezard -Ermatinger -Parkin
Slide 5: Share Structure
Share Structure (31/01/2009 ) Issued and Outstanding 114.4 M • Options p (average ( g pprice $ $0.20 ) 14.1 M • Warrants 15.5 M • 5.40 M @ 1.00 June 2010 • 4.66 M @ 0.80 March 2009, 1.00 March 2010 • 0.65 M @ 0.80 August 2009, 1.00 August 2010 • 0.90 M @ 0.80 Sept. 2009, 1.00 Sept. 2010 • 0.49 0 49
Slide 6: Share Ownership
Share Ownership • Lonmin Plc. 10 % • Sudbury Investors +/- 10 % • Victory Nickel 5% • Management and Directors 5% • GMP (Brokers and Investors) +/- 5% • Remaining 65% roughly equally distributed between institutions and retail
Slide 7: Peer Group Comparison
Percent Increase (Decrease) in S Stock Price -100% -50% 50% 0% 50% 100% 150% 200% 250% 300% 350% 400% 30 0/09/2005 30 0/12/2005 31 1/03/2006 30 0/06/2006 30 0/09/2006 30 0/12/2006 31 1/03/2007 01 1/07/2007 30 0/09/2007 30 0/12/2007 31 1/03/2008 30 0/06/2008 29 9/09/2008 30 0/12/2008 31 1/03/2009 30
Slide 8: Trading & Cash Position
Trading & Cash Position • Current Share Price $0.30 (Feb. 22, 2010) • Market Capitalization $34.3 M • 52 week range g $0.06 - $ $ $0.39 • Average daily volume (previous year) 283,450 • Cash (December 31, 2009) $ 1.6 M • Duluth Shares ($2.46 ($2 46 per share) $30 2 M $30.2 • JV partner commitments 20
Slide 9: Potential for Price Appreciation
Potential for Price Appreciation 1. Exploration Upside in Sudbury 2. Potential Increase in Value of Duluth H ldi Holdings 3. Potential for Major Discovery in BC
Slide 10: Wallbridge Exploration Activities
Wallbridge Exploration Activities
Slide 11: Exploration Status
Exploration Status Sudbury: New discovery on Parkin Property, Impala JV 1.0 M program underway on SCJV with linecutting and >1.0 geophysics underway at Trill on strike extension of Trill Offset dyke that was defined by drilling in fall Surface exploration p continues to define new Sudbury y re
Slide 12: Wallbridge In Sudbury
Wallbridge In Sudbury Large land position over 650 square kilometres History of finding new mineralization Strong JV partners: Lonmin Plc. Impala Platinum Vale Inco Xstrata Nickel
Slide 13: Sudbury Exploration
LBRIDGE —aoneies COMPANY LIMITED CROWFLIGHT ‘ CBA PARKIN GEOLOGY PARKIN j OFFSET HEI senieyor onsets Sudbury Igneous Complex Contact cowie ane } Beenie MILNE MAP SYMBOLS HAMMER PARKIN Operating Mews 9 AE wisnén, \/\WALLBRIDGE Levacx ORTH, Circe , ; VIGTOR: HEVACK 7 EAST Z MACLENNAN CASCADEN. ] Z STR
Slide 14: Parkin – Impala JV
Parkin – Impala JV • JV signed with Impala Platinum in August 2008 • Impala can earn 50% by spending $5M over 3 years • Can increase to 65% by funding through to production (WM portion on loan basis payable from production)
Slide 15: Parkin Milnet Property
Parkin Milnet Property • Covers 9.4 km of Parkin Offset dyke • Parkin North and South Zones – 291,000 t of 0.70% Cu, 0 65% Ni and 1.65 0.65% 1 65 g/t TPM • Milnet Mine Reported Production – 157,130 t of 1.54% Ni, 1 49% Cu, 1.49% Cu 55.56 56 g/t TPM
Slide 16: Parkin Offset
Parkin Offset Parkin Zones Milnet Mine
Slide 17: Current Drilling
WALLBRIDGE Wivegcompany cinrreo Parkin Offset Dyke Plan View Showing Long Section Location and Drillholes WMM-005 February 8,2010 WMM-010 & WMM-014 WALLBRIDGE — WRF comrany urree Past Producing Milnet Parkin Offset Dyke Mine Longitudinal Section Reportedly Produced f 157,130 tons @ 1.54% Ni, 1.49% C
Slide 18: Milnet Conductor
WALLBRIDGE Wiytegcomrany cmtrco Parkin Offset Dyke Longitudinal Section 3D Detail of Intersections and Borehole UTEM Responses February 15,2010 Figure 2 WMM-014W1 T TPM 2.46 g/t over 12.66m) 100m (Cu 0.96%, Ni 0.44%, Long Section 3D Detail Viewed Northwest WMM-010W1 (Cu 2.57%, Ni 0.78%, TPM 8.00 g/t
Slide 19: Extending the Zone
Extending the Zone
Slide 20: Comparison with Copper Cliff Offset
Comparison with Copper Cliff Offset
Slide 21: East Range
East Range Skynner Lake Podolsky Property Whistle Norman Deep 2 km Capreol JV Frost Lake Property Amy Lake PGE Capre 3000 PGE Capre Lake Victor East Property Victor Nickel Rim South
Slide 22: SCJV with Lonmin Plc
SCJV with Lonmin Plc • Covers seven properties around the basin • Lonmin must spend US$1M per yyear to earn 50% interest in a property at resource stage • Can increase interest to 65% by funding thru feasibility study and securing WM portion of funding g to production p • >$1.0 M program planned for
Slide 23: Skynner Lake SCJV Property
Skynner Lake SCJV Property • Close to FNX’s Podolsky Mine • Structures focusing WSK-014 potential ore-related fluids • High exploration potential • Shallow exploration p history • Focus for 2010 are two off-hole conductors in Amy Lake PGE WSK-014, at 240m and 600 m depth
Slide 24: Priority Target Area: Trill JV Property
Priority Target Area: Trill JV Property
Slide 25: Other Sudbury Work
Other Sudbury Work • Follow-up of copper-nickel mineralization on Crowflight Joint Venture • Drilling g on Pele Joint Venture, anomalous values in large breccia belt • North N hR Range targets
Slide 26: North Range Project Properties
North Range Project Properties M lti l T Multiple Targets t DDeveloping l i Crowflight C fli ht Nickel Ni k l Targets • Pele offset dyke Cascaden North • Pele breccia belt New Offset Dyke ?? • Cascaden North Breccia belt • Cascaden North offset dyke Hess Offset • Ermatinger ultramafic intrusive Casc
Slide 27: BC Copper-Gold-Molybdenum
WALL BRIDGE MINING COMPANY LIMITED
Slide 28: Wallbridge in BC
Wallbridge in BC • Started with acquisition of Rogers Creek property in early 2008 • 2008/2009 work at Rogers Creek identifies large mineralized system • Regional compilation identifies a whole belt of similar age intrusions, which have never been systematically explored • Currently Wallbridge holds
Slide 29: Rogers Creek Property Location Map
Rogers Creek Property, British Columbia Location Map oO Site Location @ City Parks and Protected Areas \ Lillooet’ @Cache Creek. ; : @ Kamloops @Princeton® CANADA kilometres
Slide 30: Introduction
Introduction • Copper mineralization discovered by vendor while putting in logging road. Property examination in November 2007 confirms pporphyry p y y style y settingg in favourable regional g setting • Acquisition completed February 2008 • Airborne Ai b magnetics i and d summer 2008 samplingli pro
Slide 31: Aeromagnetics and IP Grid
Aeromagnetics and IP Grid Z117-STA15800 7L14-STA15700 1125715700 E10=S7A15550 E_NADs3 | N_NADa3__| Elev_m)_ "| 30-5TA10000 50,757 | 5.843.983] 810 L40-STA15550, 543,789 5,547,678 865 L92-STA15750 544400| 5.547.214] 074 L42-STA10000 539,663 5,544,103] 846 L42-STA15700 543,692 5,547,806 | 980 < L14-ST
Slide 32: Initial Field Results
Initial Field Results 2007 Discovery 1 2 km 2 3
Slide 33: Deposit Model (after Corbett)
Deposit Model (after Corbett)
Slide 34: Rogers Creek – IP Results
Rogers Creek - IP Results Model resistivity with topography Hteration 7 RUS error = 22.6 2162 WALLBRIDGE Mili company LimiTeD Rogers Creek Property Rogers Creek IP/DC Inversion Results with Geological Interpretation and Drill Hole Locations UTM Zone 10 - NAD 83 Not to Scale October 14,2009 Figure 2
Slide 35: Fall 2009 Drilling – Target 1
Fall 2009 Drilling - Target 1 WALLBRIDGE QA ivi company Limiteo \if2 | \ Property . Rogers Creek \ Mineralized Intersections 2009 Drilling UTM Zone 10-NAD 83 Not to Scale 4 December 8, 2009 Figure 1 Legend Showings F New Showings J] Copper => 0.10% (Rock Sample! Gold => 0.5 gpt (Rock Sample) <5; Pro
Slide 36: Rogers Creek Assays
Rogers Creek Assays Hole H l WRC WRC-001 001 • scattered copper-molybdenum mineralization extending from about 408 to 583 metres down hole • Includingg – 0.105% copper over 7 metres from 408 to 415 metres – 0.107% copper, 131 ppm Mo over 2 metres from 422 to 424 metres – 0.202 % copper over 0.86 met
Slide 37: New Molybdenum-Copper Gold Showing
New Molybdenum-Copper Gold Showing Original Discovery New copper-moly showing
Slide 38: BC Regional – Miocene Porphyry Belt
BC Regional – Miocene Porphyry Belt • The discovery of the large mineralized system at Rogers Creek, where no mineralization was previously known, as well as; • Recognition that there was a whole belt of similar Miocene age intrusions that had never been systematically explored; and, • The Th fact f
Slide 39: Cascade Magmatic Arc, Southwest British Columbia
Cascade Magmatic Arc, Southwest British Columbia • Rogers Creek • White Cross • Shulaps • Mount Barr • Custer C t RidRidge • Sunshine
Slide 40: Cascade Magmatic Arc
Cascade Magmatic Arc • Belt of Miocene age (+/-) age intrusions • Well documented in Washington State, b t poorly but l ddocumented t d iin BC • Contains a number of significant deposits in Washington State, almost completely unexplored l d in i BC BC, although lth h small ll showings have been docu
Slide 41: Age of Cascade Magmatic Arc
Cascades Age of Cascade Magmatic Arc Magmatic World Porphyry Deposits @ Billion Pounds Molybdenum Million Ounces Gold Billion Pounds Copper 100 125 150 175 200 225 250 275 300 325 350 375 400 425 450 475 500 >500 Age (Millions of Years) (Data from Singer et al. USGS Open File 2008-1155) WALL BRIDGE
Slide 42: Age of Largest Porphyries
Age of Largest Porphyries Source: Hollings, Cooke, and Walshe: THE CHARACTERISTICS, DISTRIBUTION AND CONTROLS OF GIANT PORPHYRY COPPER DEPOSITS
Slide 43: 2010 BC Program
2010 BC Program • Currently $540K of BC Flow Through f di in funding i place l • Resumption of drilling is planned for May/June at Rogers Creek • Initial reconnaissance work is p planned for new properties
Slide 44: DM : TSX
DM : TSX www.duluthmetals.com
Slide 45: Duluth Metals Limited (DM:TSX) Building Value for WM shareholders
Duluth Metals Limited (DM:TSX) ( ) Building Value for WM shareholders • Duluth Metals was created as a spin out of WM Minnesota properties in November 2005 • WM shareholders got 1 share of Duluth for every 4 shares of WM held (11.8 M shares) • Wallbridge received 10 M shares • With Duluth currently
Slide 46: Antofagasta Joint Venture
Antofagasta Joint Venture • Duluth is a well financed company which has defined a large resource and recently announced a joint venture with one of the world’s largest copper producers, Antofagasta plc l • As A partt off th the jjoint i t venture t th there was a private i t placement, which trigger
Slide 47: Duluth Metals Investment Summary
Duluth Metals Investment Summary • Currently Duluth Metals trades in the $2.50 range • This represents only $0.013 cent per pound of copper equivalent in Indicated Resource • At present is extremely under-valued • Remains a core asset for Wallbridge with considerable upside
Slide 48: Building Value
Building Value Wallbridge Market Capitalization Value of Duluth Shares Value Attributed to Other Assets $60,000,000 $55,000,000 $50,000,000 $45,000,000 , , $40,000,000 $35,000,000 $30,000,000 $25 000 000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 30/09/05 30/12/05 30/03/06 30/06/0
Slide 49: The Wallbridge Opportunity
The Wallbridge g Opportunity pp y 1. Immediate Exploration Upside in Sudburyy 2 Potential for Major Discovery in BC 2. 3. Potential Increase in Value of Duluth Holdings
Slide 50: Thank you from our team.
(MM WACLBRIDGE MINING. COMPANY LIMITED
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