Future Mineral Resources Inc. · TSX:FMR
Future Mineral Resources — Sulliden Gold — Investor Presentation (May 2012)
35 slides from Future Mineral Resources's investor presentation, May 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 – May 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 Steve Parsons Trading Symbols BVL: SUE SDDDF: OTCQX Shares Outstanding (as at May 1/12) 243.1 M Richard Gray Fully Diluted (as at May 1/12) 265.2 M Gary Baschuk Share Price (TSX, as at May 1/12) $1.07 52-week Range (TSX) $1.01 - $2.4
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: Current Mineral Resources - Gold
Current Mineral Resources - Gold 2,500,000 Mineral Resources Mineral Resources 1.97 M 2,000,000 Inferred Indicated Oxide 228,000 oz. Oxide 1,776,000 oz. Mixed 16,000 oz. Mixed 195,000 oz. 1,500,000 1.44 M Sulphide 1,192,000 oz. --- --- Total* 1,436,000 oz. Total* 1,971,000 oz. 1,000,000 500,000 Gold
Slide 7: Current Mineral Resources - Silver
Current Mineral Resources - Silver 45,000,000 40,000,000 38.6 M Mineral Resources Mineral Resources 35,000,000 Inferred Indicated Oxide 2,270,000 oz. Oxide 21,350,000 oz. 30,000,000 27.9 M Mixed 240,000 oz. Mixed 6,630,000 oz. Sulphide 36,070,000 oz. --- --- 25,000,000 Total* 38,580,000 oz. Total* 2
Slide 8: Mineralization Layout
Mineralization Layout The current mineral resource is hosted in the Central Corridor, a continuous mineral occurrence with a strike length of approximately 4km. Results from geochemistry and geophysics suggest a 6.2 km mineralized trend – 60% increase in strike length from current 3.8 km Mineral
Slide 9: New Land Acquisitions
New Land Acquisitions New Pro} Acquired in March 2011 NX ‘NORTHWEST perties ©. s.worti.wesr » ANOMALY | EXTENSION CENTRAL “CORRIDOR ‘Geochemical Footprint ‘SOUTH-EAST EXPLANATION 3 EXTENSION ~% souTH @ Defined mineral resource, June 2011 (0.1 g/t AuEq cut-off) [-] Shahuindo Mining Concessions _3 New
Slide 10: Promising Exploration Targets
Promising Exploration Targets New drill targets based on soil sample mapping 10
Slide 11: 2011 Section Example
2011 Section Example North Corridor WEST.ZONE North-West Extension IN ‘Sub-Corridor 'B' Central Corrido! EAST ZONE Algamarca Anticline MOYAN ALTO ZONE CENTRAL oN South-East SH11-201 NS Extension $SH11-202 South Corridor ~~ EXPLANATION @ New 2011 MDA Mineralized Domain at 0.1 g/t AuEq cut-off Mineral
Slide 12: Section 1050E – East Zone
Section 1050E — East Zone S35W N35E cee size of re $H11-201 $H11-202 tru and person | OPE 0.50'g/t Au over 21.14.m 1.64 git Au Over 27.0m including 5,23 g/t Au over 7.1m 1.75 git Au over 58.5 m ) | = ‘ including 3.28 g/t Au over 7.2m INV and 2.72 g/t Au over 21.0 m 1.42 git Au over 86.0 m including
Slide 13: Typical Drill Core
Typical Drill Core Shahuindo Project, Peru 13
Slide 14: Oxide - Sulphide Potential
Oxide - Sulphide Potential Low stripping ratio due to mineral oxides outcroping on surface Potential for sulphide mineralization at depth (Regional trend – Lagunas Norte, Yanacocha) 14
Slide 15: 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 16: 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 17: Low CAPEX Intensity
Low CAPEX Intensity $700M $700 $600M $600 Estimated CAPEX ($US Million) $500M $500 $400M $400 Estimated CAPEX ($US Million) $300M $300 $200M Contract $200 Mining Without $100M $100 Contract Mining $0M$0 - Estimated CAPEX values provided by National Bank Financial, November 11, 2011 - Sulliden expect
Slide 18: Feasibility Study Underway
Feasibility Study Underway Preliminary Assessment Results (Completed in December 2009 using a gold price of US$775) Open Pit, head leach operation; oxides only Based on December 2009 Mineral Resource Estimate 830,000oz. Indicated Gold oz. (Dec 2009) 280,000oz. Inferred Gold oz. (Dec 2009)
Slide 19: 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 19
Slide 20: Investment Highlights
Investment Highlights Focus on Developing the Shahuindo Project Simple, open-pit, heap leach mining scenario Gold and silver production in 2013/2014 Low Cost Mining & Attractive Economics Positive Preliminary Assessment results Feasibility Study expected in 2012 Favourable Metallurgy 89% G
Slide 21: 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 22: Appendices
Appendices
Slide 23: Shahuindo Project History
Shahuindo Project History 23
Slide 24: 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 25: 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 26: District Wide Exploration Potential
District Wide Exploration Potential Geological Model of Shahuindo 26
Slide 27: 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 28: Mineralization & Metallurgy
Mineralization & Metallurgy Shahuindo is located in a flexure of a thrust and fold belt Mineralization is hosted in the Carhuaz, Santa and Chimu Formations, which consists respectively of siltstone, lutite and sandstone Low temperature alteration clays and sulphates found in the oxides indicat
Slide 29: 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 30: Infrastructure Developments
Infrastructure Developments Shahuindo Project, Peru 30
Slide 31: Infrastructure Developments
Infrastructure Developments Shahuindo Project, Peru 31
Slide 32: 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 33: 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 34: 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 35: 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.