Wallbridge Mining Co. Ltd. · TSX:WM
Wallbridge Mining — Investor Presentation (September 2011)
31 slides from Wallbridge Mining's investor presentation, September 2011
Slide 1: Wallbridge Mining Company Limited - September 2011
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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”. All statements in this presentation, other than statements of h
Slide 3: Wallbridge Mining
Wallbridge Mining • A diversified junior explorer with a large portfolio platinum group element (PGE)-copper-nickel properties in Sudbury and investments in two spin-out companies Copper-nickel-PGEs in Minnesota WM owns 10.1 M shares (8.1%) DM:TSX Copper-molybdenum-gold in British Columbia WM owns 2
Slide 4: Value Creation Through Spin Out Companies
Value Creation Through Spin Out Companies • Dividends in shares of spin-out companies have created value of WM shareholders Value of WM Shares and Dividends Wallbridge Mining Duluth Metals Miocene Metals $1.20 $1.00 $0.80 Share Price $0.60 $0.40 $0.20 $0.00 4 5 6 7 8 9 0 1 00 00 00 00 00 00 01 01 2
Slide 5: The Wallbridge Value Equation
The Wallbridge Value Equation • Retained interests in spin-out companies and other assets are currently undervalued by WM share price Wallbridge Market Capitalization vs Assets (01/09/2011) $40,000,000 Miocene $35,000,000 Metals Shares $30,000,000 $25,000,000 $20,000,000 $15,000,000 Duluth Wallbridg
Slide 6: Financial Overview (September 1, 2011)
Financial Overview (September 1, 2011) Shares Issued and Outstanding 134.5 M Options (Average price $0.21 ) 13.3 M Warrants 9.0 M •2,000,000 @ $0,40 expiring October 2011 •145,000 @ $0.35 expiring December 2011 •5,400,000 @ $1.00 expiring December 2011 Fully Diluted 155.3 M Share Price $0.215 •52 we
Slide 7: Management Team
Management Team Warren Holmes – Chairman of the Board of Directors Mr. Holmes has 40 years of mining industry experience notably with Noranda Inc. (1964-1986) where he was Vice President and General Manager of Pamour Porcupine Mines Limited and with Falconbridge Limited (1986-2002) where he became S
Slide 8: Directors
Directors Parviz Farsangi: Mr. Farsangi has an extensive operations background and knowledge of the mining industry. Most recently he was Executive Vice-President and Chief Operating Officer of Vale (formerly, Vale Inco Limited) with the responsibility for leading the operations of Vale's wholly-own
Slide 9: Share Ownership
Share Ownership • Sudbury High Net Worth ~ 11% • Lonmin Plc 8% • Funds 8% • Mavrix Funds • US Global Investors Precious Minerals • Crest Street • Pathway Explorer • Stone Asset Management • Management and Directors 4% • Victory Nickel 3% • NOBO List (>100K shares) 13% • NOBO List (<100K shares) 15%
Slide 10: Sound Business Strategy
Sound Business Strategy • Focus on Sudbury, Canada’s premier mining camp with excellent infrastructure • Aggressive exploration approach while reducing financial exploration risk through joint venture partner funding and spin-out companies • Commodity diversification by exploration for deposits with
Slide 11: Sudbury: Canada's Premier Mining Camp
Sudbury: Canada’s Premier Mining Camp • Production since 1886, currently 12 mines operated by 4 companies, 2 mills and 2 smelters www.wallbridgemining.com 11
Slide 12: New Discoveries
New Discoveries • Focus has shifted from “contact hosted nickel- copper deposits” to “footwall copper-nickel- platinum group metal deposits” www.wallbridgemining.com 12
Slide 13: Recent Discoveries
Recent Discoveries • Footwall deposits- immediately • Offset dyke deposits- in dykes below Sudbury Igneous radiating or concentric to SIC Complex(SIC) From Lightfoot & Farrow, 2002 • Typical Production Grades of ‘Footwall Deposits’ or ‘Sharp-Walled’ Cu-Ni-PGE Vein • Typical Production Grades: Offset
Slide 14: Wallbridge Properties
Wallbridge Properties • 42 Properties: 6 Project Areas : >750 km2 www.wallbridgemining.com 14
Slide 15: Broken Hammer Project
Broken Hammer Project • Grass Roots Discovery by Wallbridge Mining in 2005 • Resource Estimate by Roscoe Postle Associates 2006 – 251,000 tonnes of 3.80 g TPM/t (1.56 g/t Pd, 1.62 g/t Pt, and 0.61 g/t Au), 1.00% copper, and 0.10% nickel • 30,000 tonne bulk sample mined and processed through Xstrata’
Slide 16: Impala Parkin Joint Venture
Impala Parkin Joint Venture • Covers 9.4 km of Parkin Offset Dyke • Impala to earn 50% by spending $6.2 million (5.0 M spent to date) • Can increase to 65% by completing FS and funding WM portion of development costs on loan basis • Drilling currently underway on Milnet 1500 zone discovered in late
Slide 17: Parkin Longitudinal
Parkin Longitudinal www.wallbridgemining.com 17
Slide 18: 2011 Drilling Program
2011 Drilling Program www.wallbridgemining.com 18
Slide 19: Comparison with Copper Cliff Offset
Comparison with Copper Cliff Offset www.wallbridgemining.com 19
Slide 20: East Range Project
East Range Project • Covers almost entire footwall of East Range (most active exploration area in Sudbury- FNX’s Podolsky Mine, Xstrata’s Nickel Rim South, Lonmin/Vale Capre 3000) • PGE-copper mineralization discovered at Amy Lake on Frost Property • Drilling planned this fall on both Frost and Skyn
Slide 21: South Range Project
South Range Project • Focus is South Range Breccia belt for Frood-Stobie or Victoria style mineralization • Also potential for low-sulphide high platinum-group metal deposits in Copper Cliff volcanics as at Vale/Lonmin’s Denison Deposit (700K tonnes @ 6.3 g TPM/t ) *TPM = Total Precious Metals (Plat
Slide 22: North Range Project
North Range Project • 20 Properties, 585 km2 • Large poorly explored (largely unmapped) area northwest of Sudbury Basin • Initial mapping by WM has outlined an additional 44 km of offset dykes on properties • 400 m long EM target on Hess Offset • Mineralization uncovered by trenching on Trill West p
Slide 23: Retained Interests in Spin-out Companies
Retained Interests in Spin-out Companies • 2005 spinout of Minnesota Properties • IPO and listing on TSX October 2006 • WM owns 10,100,121 shares (8.1%) and retains a participation right to increase its interest to up to 15.67% by participation in certain future equity issuances Market Cap $320 M Va
Slide 24: Duluth Metals: Nokomis Deposit and Twin Metals JV
• Rated as one of top two junior copper developers* • 2006-2009 - Drilled off Nokomis deposit, a large copper-nickel – platinum group element resource 43-101 Estimate by Scott Wilson RPA, October Cut-Off TPM Cu Eq 2009 Tonnes Cu (%) Ni (%) Grade (g/t) (%) US$ metal prices of $1.75/lb copper, $7.00/l
Slide 25: Franconia Acquisition and Duluth Exploration Spin-out
• March 2011 - Acquisition of Franconia Minerals adds contiguous resources and provides opportunity to expand scope of TMM project • August 2011 – Spin out of 37,000 acres of grassroots exploration interests into new exploration vehicle: Duluth Exploration Limited (DEL) • Potential upside in Duluth
Slide 26: 2010 Spin-out of WM BC Properties
2010 Spin-out of WM BC Properties • Modeled after high successful spin-out of Wallbridge’s Minnesota Properties into Duluth Metals Limited (DM:TSX) • Started with acquisition by Wallbridge of the Rogers Creek property in BC in early 2008 • Initial work at Rogers Creek identified a large mineralized
Slide 27: Miocene Metals Properties
Miocene Metals Properties Seven Properties in the Cascade Magmatic Arc, SW British Columbia: • Salal; Mackenzie; Rogers Creek • Shulaps; Mount Barr; Custer Ridge and Sunshine • Cascade Magmatic Arc stretches from California to Alaska; several large deposits** -Glacier Peak 1.7 Bt @ 0.334% Cu and 0.0
Slide 28: A Record of Success
A Record of Success • 2008 – Acquisition of Rogers Creek Property – 6 x 2 kilometre area of alteration/mineralization defined at Rogers Creek • 2009 – Discovery of new copper-molybdenum mineralization 18 km south of Rogers Creek discovery – Initial drilling at Rogers Creek confirms large mineralized
Slide 29: Wallbridge Achievements and Goals
Wallbridge Achievements and Goals • 2010/2011 Achievements – Completed 30,000 tonne bulk sample at the Broken Hammer Zone – Continued to intersect mineralization in the Milnet 1500 zone discovered in late 2009 – Extended the Amy Lake PGE mineralization to the north – Discovered 44 kms of new offset
Slide 30: The Wallbridge Opportunity
The Wallbridge Opportunity • Exposure to a basket of high demand commodities with good fundamentals, in North America – Copper (Currently $4.10 per pound) – Platinum (Currently $1827 per ounce) – Moybdenum (Currently $14.75 per pound) – Gold (Currently $1815 per ounce) – Nickel (Currently $9.83 per
Slide 31: The Wallbridge Opportunity
The Wallbridge Opportunity For further information please contact: Alar Soever, President and CEO (705)-682-9297 Mara Strazdins V.P. Investor Relations (416)-369-1500 ext 222 Visit our website at www.wallbridgemining.com www.wallbridgemining.com 31
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