Wolfden Resources Corp. · TSXV:WLF
Wolfden Resources — Investor Presentation (January 2007)
36 slides from Wolfden Resources's investor presentation, January 2007
Slide 1: Base Metals & Gold in Nunavut, Canada
Ewan Downie President & CEO January 2007 Base Metals & Gold in Nunavut, Canada 1 TSX:WLF
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations or projections. Historical Resources were calculated by previous operators prior
Slide 3: Share Structure
Share Structure SHARES OUTSTANDING: 90 Million WORKING CAPITAL (Approx.): $ 15 Million* SHARES FULLY DILUTED: 95 Million WORKING CAPITAL FULLY DILUTED (Approx.): $ 34.0 Million * Canadian $ 3
Slide 4: Liquidity
Liquidity Premier Gold Mines split off Averaging over 400,000 shares/day during December 2006 TSX: WLF 4
Slide 5: Management Team
Management Team Small, highly-qualified management team: John Cook – Chairman Ewan Downie – President & CEO John Begeman – COO John Seaman – CFO Steve Filopovic – VP Finance Naomi Nemeth – VP Investor Relations 5
Slide 6: Directors
Directors Ewan Downie (President & CEO) Jean-Pierre Colin * 2004 PDAC Prospector of the Year Award; * Investment banker since 1980; Director & boards include Sabina Silver, Halo Head of Corporate Finance of Octagon Resources, Anaconda Gold, Benton Capital Corporation John Cook (Chairman) Dan Johnson
Slide 7: Brief History
Brief History 1999 – Wolfden becomes public company 2001 – Acquisition of High Lake from Kennecott/Aber Diamonds 2003 – Discovery of high-grade West Zone at High Lake 2004 – Recipient of PDAC “Prospector of the Year” Award 2005 – Discovery of Sand Lake (Copper) Zone at High Lake 2006 – Acquisition o
Slide 8: Amaqqut Group of Projects
Amaqqut Group of Projects Developing several of the world’s highest grade poly-metallic deposits. 8
Slide 9: Properties
Properties Miramar 3 Diamond mines: Jericho, Ekati, Diavik 4th Diamond mine under construction: Snap Lake Tahera Advanced Exploration & Dundee Precious Metals development Projects: Izok, High Lake, Hope Kennecott Aber Bay, Back Lake DeBeers WOLFDEN – The largest resource holder in the region: 6 depo
Slide 10: Fact Sheet
Fact Sheet POLITICAL STABILITY All operations in Canada LARGE, HIGH-GRADE Wolfden ranks as one of largest RESOURCE BASE holders of high-grade copper, zinc, silver & gold resources world-wide. INTERNAL GROWTH Substantial internal growth provided (Project Pipeline) by the ability to develop multiple d
Slide 11: Timeline
Timeline 9 Q3 2006 High Lake Environmental Submittal -dock, road, High Lake Mine permit Q4 2006 High-Lake Re-Licensing Permit - Air strip, 13km road, High Lake camp. (NIRB Recommendation received) 9 Q4 2006 Commence advanced exploration program, feasibility, permitting for Izok H1 2007 Lupin undergr
Slide 12: Substantial Resources
SUBSTANTIAL RESOURCES Cu Pb Zn Au Ag Deposit Category Tonnes %*) If %) % | ( git) ( git) IZOK Indicated [14,400,000 52 1.28 2.94 trace 71.0 Inferred 370,000 79 0.27 6.4 trace 54.2 HIGH LAK E/ Indicated |17,250,000 25 0.31 Saal) 0.95 69.7 Inferred 42,000 49 0.44 2.38 0.21 121.5 ULU Indicated 720,000
Slide 13: Historical Estimates
Note: (i) a qualified person has not done sufficient work to dassify the imate as current mineral resources and (ii) the historical estimate should not be relied upon. historical 13 HISTORICAL ESTIMATES Au Ag Deposit Tonnes Cu[ *) Pbh[{ %) Zn[( %) as —_— — (| git) ( git) GONDOR /|13,630,000 0.2 0.5
Slide 14: AMAQQUT Group of Projects
AMAQQUT Group of Projects SUBSTANTIAL IN-SITU RESOURCES Zinc 8.65 billion lbs Copper 1.97 billion lbs Silver 86.3 million ounces Gold 1.14 million ounces (+ Lupin) Lead 675 million lbs (In-situ value of more than US$25 Billion at today’s metal prices) 14
Slide 15: Izok & High Lake
Izok & High Lake Two high-quality Archean Volcanic Massive Sulphide deposits 15
Slide 16: Cumulative Frequency of Contained Cu
Contained Copper (tonnes) Canadian Archean Cu-Zn Deposits (contained Cu) 100.0 Giant Deposits Cumulative Frequency of Contained Cu (%) 10.0 Median Cu Content (20,400t) Izok Lake Louvicourt IZOKGeco HIGH LAKE Horne Kidd Creek 1.0 0.1 1 10 100 1,000 10,000 100,000 1,000,000 10,000,000 100,000,000 Cu (
Slide 17: Cumulative Frequency of Contained Zn
Contained Zinc (tonnes) Canadian Archean Cu-Zn Deposits (contained Zn) 100 Large Deposits Cumulative Frequency of Contained Zn (%) Median Zn Content (70,110 t) 10 Horne No.5 Mattagami Lk HIGH LAKE Geco 1 Izok - No. 3 IZOK Kidd Creek Giant Deposits 0.1 1 10 100 1,000 10,000 100,000 1,000,000 10,000,0
Slide 18: Asset Quality - Copper
Asset Quality - Copper Copper Equivalent 11.65% Grade Total Resources (%) Izok – 11.65% Copper Equivalent Other Copper 5.25% 4.66% 1.24% 1.02% 2.55% 2.80% 0.72% 0.66% 0.62% 2.11% 1.03% 0.58% 0.58% 0.68% 0.57% 0.62% 0.47% Wolfden - Wolfden - Tenke Ivanhoe Northern Corriente Equinox Monterrico Chariot
Slide 19: Trading Comparisons - Copper
Trading Comparisons - Copper 8.1 ¢ EV / Cu Eq. M&I Resources (¢ per lb) 6.8 ¢ 6.4 ¢ 5.5 ¢ 4.6 ¢ 2.6 ¢ 1.6 ¢ Wolfden Corriente Northern Peru Ivanhoe Chariot Tenke Dynasty Copper Resources Source: BMO Capital Markets, Company Reports Metal Prices: Cu = $1.05/lb; Zn = $0.65/lb; Pb = $0.30/lb; Au = $500
Slide 20: Asset Quality - Zinc
Asset Quality - Zinc 18.8% Zinc Equivalent 15.9% Grade Total Resources (%) 14.0% 13.6% Gondor high-grade Other 11.3% 11.2% +12% Zn Eq. Zinc 8.2% 7.2% 6.5% 6.1% 12.8% 12.5% 4.0% 8.3% 7.4% 7.8% 2.3% 6.4% 5.1% 5.5% 5.5% 3.3% 1.4% 2.1% r M d rp n ca nc rn in L k or e al ia zo -H m AI at co te d Zi fi er
Slide 21: Trading Comparisons - Zinc
Trading Comparisons - Zinc EV / Zinc Equivalent M&I Resources (¢ per lb) 29.5 ¢ Attractive valuation& low geopolitical risk 20.8 ¢ 7.7 ¢ 4.0 ¢ 2.3 ¢ 2.9 ¢ 0.7 ¢ 1.0 ¢ 1.0 ¢ M nc d er rp n a en rn al ia fic AI co at te Zi fd er er ci kw es ed ol n H Ib Pa ko W hw ea R Yu Br ut Source: BMO Capital Mar
Slide 22: Izok Project
Izok Project One of the world’s highest grade Copper-Zinc deposits Zinc 12.94% Operating cost = C$0.36/lb* Copper 2.52% Operating cost = C$0.38/lb* * Based on 1.44 billion tonnes/year Tonnes 14.4 million Type Open pit $262 million allocated for Cap Ex C$504 million road & port construction 22
Slide 23: IZOK Project Scoping Study Results
IZOK Project SCOPING STUDY RESULTS (Model by Wardrop Engineering) - KEY ASSUMPTIONS (C$/US$ Exchange Rate 1.20): Base Case: $1.20 Cu, $0.60 Zn, $0.45 Pb, $475 Au, $7.50 Ag Mid Point: $1.65 Cu, $0.75 Zn, $0.46 Pb, $485 Au, $8.00 Ag High: $2.25 Cu, $1.00 Zn, $0.50 Pb, $550 Au, $9.50 Ag Capital: C$ 504
Slide 24: IZOK Development
IZOK Development • Majority of deposit mined by open pit. • Inukshuk mined by underground methods. 24 One of the world’s highest grade open pit mines
Slide 25: IZOK Deposit
IZOK Deposit Not included in economic assessment Ind. 1.35MT @ 3.01% Cu, 7.38% Zn Inf. 0.26MT @ 4.17% Cu, 7.10% Zn n sio 6 pan r 200 x fo pe n-di nned w a Do ng pl i lli Dr 1.70% Cu, 11.80% Zn INDICATED RESOURCE: 10.1m 14,400,000 t @ 2.52% Cu, 12.94% Zn INFERRED RESOURCE: 370,000 t @ 3.79% Cu, 6.40%
Slide 26: IZOK Deposit - Section
IZOK Deposit - Section CENTRAL ZONE NORTH ZONE 26
Slide 27: Lupin Gold Mine
LUPIN GOLD MINE Fully permitted and operational mine/mill complex Future processing site for Izok ore Economic assessment underway Major underground drill program in 2007 +3 million oz past production 27
Slide 28: High Lake Project
High Lake Project One of the world’s highest grade undeveloped base metal deposits Zinc 3.35% Operating cost = C$0.02/lb Copper 2.25% Operating cost = C$0.63/lb Tonnes 17.3 million Type Open pit/UG $10-$15 million allocated Cap Ex C$250 million for road & port construction 28
Slide 29: High Lake Project
High Lake Project 29
Slide 30: High Lake Project Scoping Study Results
High Lake Project SCOPING STUDY RESULTS (Model by Wardrop Engineering) - KEY ASSUMPTIONS ($US-Cdn Exchange Rate $1.20): Base Case: US$1.20 Cu, $0.60 Zn, $0.45 Pb, $475 Au, $7.50 Ag Mid Point: US$1.65 Cu, $0.75 Zn, $0.46 Pb, $485 Au, $8.00 Ag High: US$2.25 Cu, $1.00 Zn, $0.50 Pb, $550 Au, $9.50 Ag Ca
Slide 31: High Lake Deposit +17 million tonnes
High Lake Deposit +17 million tonnes Open Pit & Underground Operation Ramp Access Open Pit 007 Zone A/B Zone D Zone West Zone - HLW-03-29 5.32% Cu, 3.79% Zn, 2.07g/t Au, 118.1g/t Ag, over 46.70m West Zone 2005 Deep Drilling (2 zones) (1) 4.72%Cu, 1.96g/t Au across 8.0 meters (2) 4.4%Cu, 2.2%Zn, 0.8g
Slide 32: High Lake Development
a West Zone Portal _UG Backfill Stockpile a we: ‘ jy = Sy esc ag f ~ : -D Pit PAG Waste - #4EastDam D Pit NAG Waste 2 WOLFDEN Resources Inc.
Slide 33: AMAQQUT – Major Development Potential
AMAQQUT – Major Development Potential Port Site - Wolfden has major land holdings in the Sand Lake region including entire greenstone airstrip High Lake belts (Izok, Hood, Gondor, High Lake). Deposits - Region has the potential to become Ulu one of the world’s major mining districts. - Major regiona
Slide 34: Amaqqut
Port Site Amaqqut Sand Lake airstrip High Lake Deposits Major development potential Ulu Ulu Camp Including full airstrip Hood JERICHO Muskox Lupin Gondor Izok Lupin Mine Point Lake 34 Ekati – Diavik – Snap Lake
Slide 35: Road is an Asset
Road is an Asset • IZOK’s total capex of C$504 Million includes C$262 Million for Road & Infrastructure • IZOK capex (net of infrastructure costs) is approx. C$300 Million making economics even more compelling • Cost Sharing (trucking): Supplies in, concentrates out – lowered operating costs further
Slide 36: Wolfden Resources Inc. WLF-TSX
Wolfden Resources Inc. WLF-TSX Building a major base metal & gold development company 36
Wolfden Resources — Investor Presentation (January 2007) on 6ix