Future Mineral Resources Inc. · TSX:FMR
Future Mineral Resources — Sulliden Gold — Investor Presentation (March 2012)
32 slides from Future Mineral Resources's investor presentation, March 2012
Slide 1: Low Capital, Low Cost Gold Project in Peru
TSX:SUE Low Capital, Low Cost Gold Project in Peru OTCQX:SDDDF BVL:SUE Corporate Presentation – March 2012 www.sulliden.com
Slide 2: Cautionary Disclaimer
Cautionary Disclaimer Forward Looking Statement: This presentation may include certain “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, included herein, including, without limitation, statements re
Slide 3: Capital Structure
Capital Structure Capitalization Summary Analyst Coverage TSX: SUE Trading Symbols BVL: SUE Steve Parsons SDDDF: OTCQX Richard Gray Shares Outstanding (as at Mar. 1/12) 243.1 M Gary Baschuk Fully Diluted (as at Mar. 1/12) 265.2 M Share Price (TSX, as at Mar. 1/12) $1.58 George Albino 52-week Range (
Slide 4: Located in a Prolific Gold Belt
Located in a Prolific Gold Belt The Shahuindo project is located in a low cost mining district among several multi-million ounce, world-class gold deposits. 4
Slide 5: Ideal Infrastructure & Logistics
Ideal Infrastructure & Logistics +/- 2,900 metre elevation Close proximity to paved highway High-tension power line Access to water New 150-man camp, engineering and exploration offices, completed in 2011 5
Slide 6: Focus on Property-Wide Exploration
Focus on Property-Wide Exploration Metres drilled at Shahuindo have more than tripled since 2009 Mineral deposit remains open along strike, at width and at depth Under present Management 250,000 +/- 50,000m Cumulative Metres of Drilling 200,000 +70,000m 150,000 100,000 +34,300m +5,800m 50,000 +1
Slide 7: Mineral Resource Growth
Mineral Resource Growth Inferred Mineral Resources Indicated Mineral Resources 2,500,000 2009 2011 2012 Mineral Resources Mineral Resources* 2,000,000 1.97 M New Mineral Resource Estimate Expected in Q2 Gold Ounces 1,500,000 1.44 M 1.05 M 1,000,000 500,000 0.29 M Oxide: Oxide: 830,000 228,000 Oxide:
Slide 8: Mineral Resource Growth: Central Corridor
Mineral Resource Growth Central Corridor: A core foundation for continued mineral growth The Central Corridor hosts the current NI 43-101 Mineral Resource estimate Results from geochemistry and geophysics suggest a 6.2 km mineralized trend – 60% increase in strike length from current 3.8 km Mi
Slide 9: Promising Exploration Targets
Promising Exploration Targets 9
Slide 10: Promising Exploration Targets
Promising Exploration Targets New drill Targets based on Soil Sample Mapping 10
Slide 11: Promising Exploration Targets
Promising Exploration Targets 11
Slide 12: 2011 Drill Results – East Zone
2011 Drill Results – East Zone Section 1050E 12
Slide 13: Oxide - Sulphide Potential
Oxide - Sulphide Potential Low stripping ratio due to mineral oxides outcroping on surface Potential for sulphide mineralization at depth (regional trend) 13
Slide 14: Simple Processing
Simple Processing Open Pit Mining - Conveying - Agglomerating Open Pit Mine - Stacking ADR Plant (Oxide mineralization outcrops on surface) (Less energy intensive than Merrill-Crowe) Carbon in Column Gold Recovery Plant Preg Pond Barren Pond Carbon Stripping and Reactivation Heap Leach Processing (8
Slide 15: Low Cash Costs
Low Cash Costs 1 $700 $620 Average Global Gold Mine Cash Costs June 2011 $600 Shahuindo is located among 2 $400-500 several low cash cost producers Feasibility Study $500 Expectation $400/oz. 3 $400 Newmont / Buenaventura’s Tantahuatay and La Zanja Mines $300 $448/oz. (2010 Average) Newmont’s Yanaco
Slide 16: Low CAPEX Intensity
Low CAPEX Intensity $700M $700 $600M $600 Estimated CAPEX ($US Million) Estimated CAPEX ($US Million) $500M $500 $400M $400 $300M $300 $200M $200 $100M $100 $0M$0 Source: Estimated CAPEX values provided by National Bank Financial, November 11, 2011 16
Slide 17: Feasibility Study Underway
Feasibility Study Underway Feasibility Study Scenario Open-pit, heap leach operation; oxides only +85% Gold Recovery (89% obtained from met tests) Expectation of $400-$500/oz. cash costs +/- 150,000oz. gold eq. per year +/- 10 year mine life Expectation of +/- $200M CAPEX (includes a 15%
Slide 18: Timeline to Production
Timeline to Production Ongoing Drilling Results (every 4-6 weeks) North Corridor Exploration Drilling Upcoming Catalysts: Completion of Feasibility Study Submission of EIA for Mine Construction Permit 18
Slide 19: Peter Tagliamonte, President and CEO; Scott Moore
Peter Tagliamonte Scott Moore President and CEO VP, Corporate Development Sulliden Gold Corporation Ltd. Caroline Arsenault 65 Queen Street West, Suite 800 Manager, Investor Relations Toronto, Ontario M5H 2M5 T +1 (416) 861-1685 Investor Relations F +1 (416) 861-8165 T +1 (416) 861-5805 www.sulliden
Slide 20: Appendices
Appendices
Slide 21: Management & Board
Management & Board Sulliden Management Team Board of Directors Peter Tagliamonte, P.Eng. MBA, President & CEO Stan Bharti, P.Eng, Chairman Professional Engineer with 25 years experience in Mine Building and Mr. Bharti is a professional engineer and the Executive Chairman of Forbes & Operations with
Slide 22: NI 43-101 Mineral Resources
NI 43-101 Mineral Resources National Instrument 43-101 Mineral Resource Estimate, June 2011 Indicated Mineral Resources Gold Oz. Gold (g/t) Silver Oz. Silver (g/t) Tonnes Oxide (Reported at 0.2 g/t cut-off) 1,776,000 0.50 21,350,000 6.0 111,430,000 Mixed* (Reported at 0.35 g/t cut-off) 195,000 0.78
Slide 23: District Wide Exploration Potential
District Wide Exploration Potential Geological Model of Shahuindo 23
Slide 24: Newsflow & Company Milestones
Newsflow & Company Milestones Oct-09: Feb-10: Apr-10: Oct-10: Dec-10: Jun-11: Nov-11: -$18M -Begins -$15M -$23M -Announces -Announces -$50M raised trading on raised raised 70,000 m Jan-11: positive raised @ $0.80 the OTCQX @ $0.65 @ $1.25 exploration -$28M metallurgical Sep-11: @ $1.73 program for r
Slide 25: Metallurgical Test Work
Metallurgical Test Work Feasibility-Level Metallurgical Testwork on Oxides Completed in June 2011 89% gold recoveries obtained from column tests Rapid leach characteristics; 85% gold recovered in first 20 days 15% silver recoveries obtained from column tests Run of Mine Leach Test Program Init
Slide 26: Typical Drill Core
Typical Drill Core Shahuindo Project, Peru 26
Slide 27: Infrastructure Developments
Infrastructure Developments Shahuindo Project, Peru 27
Slide 28: Infrastructure Developments
Infrastructure Developments Shahuindo Project, Peru 28
Slide 29: Focus on Social Responsibility
Focus on Social Responsibility Health & Safety F/T nurse and doctor available to local residents Excellent Health and Safety Policies Community Progressive community development programs Focus on maximizing community relationships Sponsorship of local sports teams Promote open communicat
Slide 30: The Country - Peru
The Country - Peru One of the fastest growing economies in S.A. Population of Peru: 29 million; Population of Lima: 7.5 million One of the fastest growing economies in Latin America Peru’s economy has been growing at a rate of 7-8% for more than 8 years. In 2010, it grew at the 2nd fastest pac
Slide 31: Peru's New Government, 2011
Peru’s New Government, 2011 President 2011-2016, Ollanta Humala: Previously served as an army officer; Desire to help to create a more equitable framework for distributing the wealth from the country's key natural resources, with the goal of maintaining foreign investment and economic growth in the
Slide 32: Peter Tagliamonte, President and CEO; Scott Moore
Peter Tagliamonte Scott Moore President and CEO VP Corporate Development Sulliden Gold Corporation Ltd. Caroline Arsenault 65 Queen Street West, Suite 800 Manager, Investor Relations Toronto, Ontario M5H 2M5 T +1 (416) 861-1685 Investor Relations F +1 (416) 861-8165 T +1 (416) 861-5805 www.sulliden.