Future Mineral Resources Inc. · TSX:FMR
Future Mineral Resources — Sulliden Gold — Investor Presentation (September 2012)
35 slides from Future Mineral Resources's investor presentation, September 2012
Slide 1: Developing a Low Cost Gold Project in Peru
TSX:SUE Developing a Low Cost Gold Project in Peru OTCQX:SDDDF BVL:SUE Corporate Presentation - September 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 (Sept 6, 2012) Analyst Coverage TSX: SUE Steve Parsons Trading Symbols BVL: SUE SDDDF: OTCQX Shares Outstanding 243.1 M Richard Gray Fully Diluted 265.2 M Gary Baschuk Share Price (TSX) $1.36 52-week Range (TSX) $0.83 - $2.25 George Albino Average Daily Volum
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: Geology & Exploration
Geology & Exploration
Slide 6: Mineral Resource Growth - Au
Mineral Resource Growth - Au Measured & Indicated (M&I) Mineral Resources Inferred Mineral Resources 3,000,000 2009 2011 2012 Mineral Resources Mineral Resources Mineral Resources* 2,500,000 2.44 M M&I gold mineral resources increase to: 2,438,000 ounces 2,000,000 1.97 M Inferred gold mineral resour
Slide 7: Mineral Resource Growth - Ag
Mineral Resource Growth - Ag Measured & Indicated (M&I) Mineral Resources Inferred Mineral Resources 60,000,000 2009 2011 2012 Mineral Resources Mineral Resources Mineral Resources* 50,000,000 46.6 M M&I silver mineral resources increase to: 33,370,000 ounces 40,000,000 38.6 M Inferred silver minera
Slide 8: NI 43-101 Mineral Resource
NI 43-101 Mineral Resource September 2012 Gold Gold Silver Silver Gold Contained Grade Contained Grade Tonnes (t) Grade Ounces (g/t) Ounces (g/t) Eq.g/t Total Measured & Indicated 2,438,000 0.52 33,370,000 7.1 147,310,000 0.54 Mineral Resources Measured Mineral Resources Oxide (Reported at 0.2 g/t c
Slide 9: Excellent Exploration Potential
Excellent Exploration Potential 9
Slide 10: Several Defined Drill Targets
Several Defined Drill Targets 10
Slide 11: Initial North Corridor Exploration
Initial North Corridor Exploration 11
Slide 12: Mineral Deposit Layout
Mineral Deposit 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 Minera
Slide 13: Section Examples
Section Examples N < 2, North Corridor qi °O, > ‘ . ly, & G S “py, 3 oy) KS s So s ce . - ‘1 ‘WEST.ZONE & C2) th-West i) Extension Ne ‘Sub-Corridor 'B > a 2 3S A Central Corridor & EAST ZONE MOYAN ALTO ZONE CENTRAL ZONE South-East $H11-201 me Extension SH11-202 South Corridor = EXPLANATION June 2011
Slide 14: Transversal Section – East Zone
Transversal Section – East Zone 14
Slide 15: Longitudinal Section (100S to 100N)
Longitudinal Section (100S to 100N) Low strip ratio due to mineral oxides outcroping on surface Potential for sulphide mineralization at depth (Regional trend – Lagunas Norte, Yanacocha) 15
Slide 16: Typical Drill Core
Typical Drill Core Shahuindo Project, Peru 16
Slide 17: Mining
Mining
Slide 18: Feasibility Study Scenarios
Feasibility Study Scenarios Definitive Feasibility Study (Expected in Q3, 2012) 1* Low Capital Scenario 2* High Production Scenario Est. Production +/- 90,000-100,000 oz Au/yr. Est. Production +/-150,000-180,000 oz Au/yr. Life of Mine 10 years Life of Mine 10 years Est. CapEx +/- $100-$130 million E
Slide 19: 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 20: Ideal Infrastructure & Logistics
Ideal Infrastructure & Logistics +/- 2,900 metre elevation Close proximity to paved highway; 80 km from Cajamarca, the main mining service centre in the area High-tension power line traverses the east side of the property Good accessibility to experienced labour force 150-man camp, enginee
Slide 21: Low Cash Costs
Low Cash Costs Shahuindo is located among several low cash cost producers $465/oz.; 0.63 g/t Buenaventura’s & Southern Peru Copper’s Tantahuatay Mine (June 2012) $367/oz.; 0.40 g/t Buenaventura & Newmont’s La Zanja Mine (June 2012) Expectation of: $450-$550/oz * $560/oz.; < 1.0 g/t Sulliden’s Shahui
Slide 22: Low CAPEX Intensity
Low CAPEX Intensity $1,600 $1,400 $1,200 $1,000 $800 Estimated CAPEX ($US Million) $600 $400 $200 $0 - Estimated CAPEX values provided by National Bank Financial, September, 2012 22
Slide 23: Timeline to Production
Timeline to Production * Preliminary Assessment & Baseline Environmental Studies | Project-Wide Exploration (ongoing) » * New Mineral Resource Estimate Feasibility Study & New Mineral Resource Estimate Contingency EIA & Mine Permitting | —---—— 4 Mine Construction Contingency | ' oO ee
Slide 24: 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 Capital & Attractive Economics Feasibility Study expected in 2012 Favourable Metallurgy 89% Gold recovery from Feasibility-level metallurgi
Slide 25: Appendices
Appendices Appendices
Slide 26: 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 27: Shahuindo Project History
Shahuindo Project History 27
Slide 28: Metallurgical Test Work
Metallurgical Test Work Feasibility-Level Metallurgical Test Work on Oxides (June 2011 by Kappes, Cassiday & Associates) 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
Slide 29: Mineralization & Metallurgy
Mineralization & Metallurgy Shahuindo is located in a regional flexure of a thrust and fold belt Mineralization is hosted in the Farrat, Carhuaz, Santa and Chimu Formations, which are part of a clastic sedimentary sequence Low temperature alteration clays and sulphates found in the oxides indi
Slide 30: District Wide Exploration Potential
District Wide Exploration Potential Geological Model of Shahuindo 30
Slide 31: Infrastructure Developments
Infrastructure Developments Shahuindo Project, Peru 31
Slide 32: Infrastructure Developments
Infrastructure Developments Shahuindo Project, Peru 32
Slide 33: Focus on Social Responsibility
Focus on Social Responsibility Economic Development Education: Construction and improvements of local schools and sports fields Health: F/T nurse/doctor available to locals, Health education and counseling Transportation/Communication: Installation of public phones, bridge construction & road
Slide 34: 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 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
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