Condor Resources Inc. · TSXV:CN
Condor Resources — Investor Presentation (May 2017)
19 slides from Condor Resources's investor presentation, May 2017
Slide 1: Precious and Base Metals in South America
Generate Explore Discover PRECIOUS AND BASE METALS IN SOUTH AMERICA MAY 2017 TSXV: CN MMI www. CONDORRESOURCES.COM PRECIOUS AND BASE METALS IN SOUTH AMERICA
Slide 2: Cautionary Statement Regarding Forward Looking Statements
Cautionary Statement Regarding Forward Looking Statements Caution Regarding Forward Looking Information: This document contains forward-looking statements or forward-looking information under applicable Canadian securities laws (hereinafter collectively referred to as “forward-looking statements”) c
Slide 3: Condor Resources - Company Highlights
Condor Resources - Company Highlights • Condor is a project generator focused exclusively on precious and base metals exploration in Peru. • Our objective is the discovery of a major new precious and/or base metals deposit. • Excellent portfolio of ten discovery stage properties, four of which are s
Slide 4: Experienced and Lean Management Team
Experienced and Lean Management Team Management Directors Lyle Davis, President/CEO Graham Scott, Director P. Eng, MBA, over 25 years of financial markets and public company management, including corporate Lyle Davis, Director finance with Ernst & Young, and C.M. Oliver and Paul Larkin, Director Com
Slide 5: Exclusively in Peru: Ten Quality Projects
EXCLUSIVELY IN PERU: TEN QUALITY PROJECTS Four projects in Ancash: • Chavin is subject to production lease that pays Condor an annual royalty. • Soledad is 100% owned, and optioned to Chakana Resources, with mandatory 3000m drill program. • Ocros is 85% owned, and optioned to Compañia Minera Virgen
Slide 6: Ocros: Copper-Gold-Silver Porphyry project, with abandoned underground workings from the 1950s
Ocros: Copper-Gold-Silver Porphyry project, with abandoned underground workings from the 1950s • The historic Eldorado mine, circa 1950s, located on the Ocros concessions, mined high grade copper veins, in an era that preceded the copper porphyry model. • A total of 62 horizontal adit wall channel s
Slide 7: Ocros cross section showing location of drill hole OCR-001 relative to underground workings
Ocros cross section showing location of drill hole OCR-001 (2008) relative to the underground workings from the 1950s.
Slide 8: Ocros: Copper-Gold-Silver Porphyry Project
Ocros: Copper-Gold-Silver Porphyry Project Abandoned Structures from the historic Eldorado Mine at Ocros 8
Slide 9: Chavin: host to a major polymetallic vein system
Chavin: host to a major polymetallic vein system, with evidence of small scale exploitation since the colonial era • A production royalty agreement at Chavin was concluded in late 2015 with Compañia Minera Casapalca S.A., with a 3% NSR payable to the Condor, subject to annual minimums. • Sandstorm G
Slide 10: Soledad – Copper/Gold/Silver prospect with very encouraging results
Soledad – Copper/Gold/Silver prospect with very encouraging results from previous drill programs; more drilling in 2017 • Compañia Minera Casapalca S.A. completed a four hole, 2,804m drill program in June of 2016. • 2016 results included 119m from surface of 2.1 g/t AuEq, 164m from surface of 1.5 g/
Slide 11: Soledad 2016: 4 drillholes
Hole From To Width Au g/t Ag g/t Cu % Mo g/t AuEq g/t** SDH-013 0 119 119 1,30 27,1 0,32 2,1 includes 59 SDH-014 0 118 164 59 164 1,79 0,42 32,9 70,0 0,48 0,13 2,8 1,5 2016: 4 drillholes includes 119 123 4 0,69 1666,0 1,81 25,1 includes 123 164 41 0,37 15,2 0,05 0,6 582 607 25 0,34 320 n/a 639 842 2
Slide 12: Soledad 2014: 12 drillholes
HOLE No UTME UTMN ALT AZ DIP DEPTH SDH-001 218485 8920040 4350 45 -45 96 SDH-002 218413 8921145 4550 40 -50 88,5 SDH-003 SDH-004 218607 218020 8921116 8920075 4550 4280 165 180 -60 -50 273 124,5 2014: 12 drillholes SDH-005 217707 8920837 4420 170 -60 85,5 SDH-006 218084 8919980 4260 360 -50 102 SDH-
Slide 13: Lucero: High Grade Gold-Silver, ore source for the Shila Mine
Lucero: High Grade Gold-Silver, ore source for the Shila Mine Leased to Compañia Minera Casapalca S.A. of Lima • A production royalty agreement at Lucero was concluded in late 2015 with Minera Casapalca, with a 3% NSR payable to the Company, subject to a minimum annual royalty of US$75,000. Sandstor
Slide 14: Pucamayo: Gold-Silver project, Central Peru
Pucamayo: Gold-Silver project, Central Peru • Strategic 3 sq km concession (Anta Rumi 101) acquired by staking in early 2015. • 4 sq km concession (Sandra IMG) acquired at no cost in late 2015, bringing area to 19 sq km. • Concession swap in 2016 increased total area to 113 sq km. • Epithermal disse
Slide 15: Pucamayo East Zone Targets Map
HS EPITHERMAL & PORPHYRY TARGET ‘Brece! gay Sili “Ledges Targets ee ° 001 90.9 2m) 10010 490.9 8) SO 99.9 8) 1010 49.9 (6) 5 99 @I2 <s (190) Condor Resources Inc. PUCAMAYO EAST ZONE TARGETS MAP Piclectory UM Zore 16. Souhem Hendmphete GNGOSH [ Tsxv:cN BR www-conporresources.com IN SOUTH AMERICA
Slide 16: Share Structure
Share Structure As of May 26, 2017 Shares Outstanding: 102,057,308 Options: 5,185,000 Warrants: 16,816,667 Fully Diluted: 124,058,975 Working Capital* (November 30, 2016): - $77,000 *Subsequent to November 30th, the Company received net proceeds of $1.0 million from a private placement and royalty s
Slide 17: The Sandstorm Gold Ltd. Financing of January 2017
The Sandstorm Gold Ltd. Financing of January 2017 The Company concluded a $1 million financing with Sandstorm Gold Ltd. in January 2017 consisting of an equity financing and the sale of a package of royalty interests. The equity financing consisted of a $500,000 private placement of units at $0.075,
Slide 18: Moving Forward
Moving Forward Capital Preservation: • Leverage on our ability to secure quality projects in Peru. • Advance projects internally with early stage exploration. • Find partners and form joint ventures to complete more advanced exploration programs. Ocros project: • Drill permit in place, and drilling
Slide 19: Contact Information
Contact Information Head Office Condor Resources Inc. Suite 520, 800 W. Pender St. Vancouver, BC, Canada, V6C-2V6 Phone: 604-642-5707// 1-866-642-5707 info@condorresources.com www.condorresources.com Lyle Davis, President/CEO ldavis@condorresources.com Lima Office Av. Javier Prado Este No. 1184, Off