Regulus Resources Inc · TSXV:REG

Regulus Resources — Investor Presentation (August 2019)

34 slides from Regulus Resources's investor presentation, August 2019

  1. Slide 1: August 2019 Corporate Presentation

    AUGUST 2019 CORPORATE PRESENTATION ADDING VALUE THROUGH CONTINUED DISCOVERY TSX V.REG BVL.REG

  2. Slide 2: Disclaimer

    Disclaimer Forward-Looking Information www.regulusresources.com Forward‐Looking Information. Certain of the information contained in this document constitutes forward‐looking information or forward‐looking statements (collectively, "forward‐looking information") within the meaning of applicable Cana

  3. Slide 3: Investment Highlights

    Investment Highlights www.regulusresources.com TIER 1 ASSET PROVEN QUALITY IN THE MAKING STRATEGY PARTNERS • Significant Copper-Gold Identify • Experienced management Underexplored resource Asset team • Brownfield project near two Grow Resource • Support of strategic Monetize Through existing mines

  4. Slide 4: Where are we?

    Where are we? Peru – Second largest Copper Producing Country in the World www.regulusresources.com World Location Regional Setting and Infrastructure TSXV - REG 4

  5. Slide 5: Where are we? Adjacent to Two Operating Mines

    Where are we? Adjacent to Two Operating Mines www.regulusresources.com TANTAHUATAY GOLD MINE Owners: 40% Buenaventura (operator); 44% Southern Copper 2018 Production*: 173,192 Oz’s Au Processing: Heap Leach Estimated closure date*: 2025 *Per SNL Financial Resource below neighbouring Tantahuatay mine

  6. Slide 6: District Consolidation – Two Agreements in Place

    What have we achieved at AntaKori? District Consolidation – Two Agreements in Place www.regulusresources.com 1. Coimolache Agreement • Mutual rights of access – mutual rights of expansion agreement • Full data sharing within an area of interest (AOI) Up to 70% Regulus 2. Colquirrumi Agreement • Opti

  7. Slide 7: Expanded Mineralization Footprint Through Extensive Drilling

    What have we achieved at AntaKori? Expanded Mineralization Footprint Through Extensive Drilling www.regulusresources.com Historical Drilling 17,000 m DH35 DH34 DH33 Phase 1 Regulus Drill Program DH32 ~23,000 m DH31 DH36 Phase 2 Regulus Drill Program ~25,000 m m m TSXV - REG 7

  8. Slide 8: Interim Mineral Resource Estimate 2019

    What have we achieved at AntaKori? Interim Mineral Resource Estimate 2019 www.regulusresources.com 2019 Mineral Resource Estimate on AntaKori by Regulus - 0.3% CuEq cut-off Resource Tonnes Cu Au Ag CuEq Cu Au Ag CuEq AuEq Category (millions) (%) (g/t) (g/t) (%) (B lbs) (M oz) (M oz) (B lbs) (M oz) I

  9. Slide 9: Significant Intercepts With High Grade Copper-Gold

    What have we achieved at AntaKori? Significant Intercepts With High Grade Copper-Gold www.regulusresources.com 3.00% 175$US/t 136.6m @ 3.75% CuEq (AK-18-016 ) 2.50% 150$US/t 2.00% 125$US/t Cu Grade (%) 1.50% 100$US/t 183.9m @ 2.4% CuEq (AK-17-001) 473.2m @ 1.39% CuEq (AK-18-026) 75$US/t 327.35m @ 1.

  10. Slide 10: How does AntaKori compare?

    How does AntaKori compare ? Many of the best reported copper equivalent intersections since January 2018 www.regulusresources.com Property Name Company Reported Date Hole From To Interval (m) Au (g/t) Ag (g/t) Cu (%) CuEq (%) CuEq*m Cascabel SolGold Plc 2018-11-13 CSD-18-067 886.00 1,914.00 1,028.00

  11. Slide 11: Higher Grade Than Many Copper-Gold Development Projects

    How does AntaKori compare? Higher Grade Than Many Copper-Gold Development Projects www.regulusresources.com 0.80% Project 50$US/t AntaKori Resources Value/tonne 0.70% 0.60% Haquira Cu Grade (%) 0.50% Los Azules Agua Rica AntaKori M&I Resources Taca Taca Galore Creek 0.40% Pebble 25$US/t Nuevaunion A

  12. Slide 12: Significant Increase With Limited Drilling

    How have we grown the resource ? Significant Increase With Limited Drilling www.regulusresources.com 14 12 10 lbs CuEq (billion) 8 6 3.9 4 5.3 2 4.1 0 2012 Resource (Southern Legacy) 2019 Interim Resource (Regulus) 2020 Updated Resource M&I CuEq lbs (billion) Inf CuEq lbs (billion) CuEq were calcula

  13. Slide 13: What is the geological setting?

    What is the geological setting? Skarn Mineralization Overlain By High Sulphidation Epithermal Mineralization www.regulusresources.com AntaKori Mineralization • A Cu-Au-Ag calcic skarn developed in Cretaceous sedimentary rocks associated with massive replacement sulphide bodies • A high sulphidation

  14. Slide 14: What do we think we have? Blue-sky Upside Potential

    What do we think we have? “Blue-sky” Upside Potential Upside Potential www.regulusresources.com • Key drill targets yet to be tested: - Mag lows (green-blue) represent potential porphyry centres - Mag highs (red-magenta) represent potential skarn mineralization • Hole AK-26 tested the very edge of a

  15. Slide 15: Commencing Drilling to the North: Hole AK-26

    Commencing Drilling to the North Hole AK-26 www.regulusresources.com Testing New Targets • AK-26 is the furthest northward hole drilled to date on the North-East claim block • Bottom half of AK-26 was a new discovery and lacked supporting drilling to be included into resource update (473.2m @ 1.39%

  16. Slide 16: Commencing Drilling to the North: Hole AK-30

    Commencing Drilling to the North Hole AK-30 www.regulusresources.com The Theory: • Potential interpreted porphyry to the north could be center of system A Proof of Concept Hole Hole AK-30 - 500m step out to northwest - Intersected extensive low to moderate grade copper-gold mineralization in porphyr

  17. Slide 17: Size Potential – Antamina Scale

    Size Potential – Antamina Scale www.regulusresources.com ANTAMINA COPPER- ZINC-MOLYBDENUM- SILVER MINE 2018 production*: 446,100 tonnes Cu, 409,300 tonnes Zn, 4,627 tonnes Mo & 16.4 mm Oz’s Ag Reserves* : 21.3 mm tonnes Cu, 15.1 mm tonnes Zn, 456 k tonnes Mo & 841 mm Oz’s Ag Outline of Antamina Cu-Z

  18. Slide 18: What stage are we at AntaKori?

    What stage are we at AntaKori? First Regulus Resource Estimate recently released www.regulusresources.com Starting Phase 1 Interim Phase 2 Updated PEA Point Drilling Resource Drilling Resource 2020/2021 2014 - 2017 2017-2018 Mar 2019 - Present 2019 H1 2020 • Released Regulus Interim Mineral Resource

  19. Slide 19: What is our long term strategy?

    What is our long term strategy ? Adding Value Through Discovery and De-risking www.regulusresources.com 1 2 3 Acquire Mineral Add Value by Monetize By Resources with Expanding Resource & Selling to a The Team’s Companies Overlooked Potential Project De-Risking Major Mining Co. & Key Projects 2005 20

  20. Slide 20: Has the team created shareholder value?

    Has the team created shareholder value ? Significant ROI to Shareholders Over the Long Term www.regulusresources.com Long Term Value Generated By Regulus Team • Original Shareholders of Antares have seen a >1600% return on investment to date* • Regulus shareholders have seen a >230% return on invest

  21. Slide 21: Who are we? An Experienced Management Team

    Who are we ? An Experienced Management Team www.regulusresources.com John Black Mark Wayne CEO and Director CFO and Director B.Sc., M.Sc., 35+ years international exploration experience – Kennecott, Rio Tinto, WMC, LLB, CFA, 35+ years capital market experience, founding CFO of Antares Minerals, form

  22. Slide 22: Who are we? Board of Directors

    Who are we? Board of Directors www.regulusresources.com John Black Mark Wayne CEO and Director CFO and Director B.Sc., M.Sc., 35+ years international exploration experience – Kennecott, Rio Tinto, WMC, LLB, CFA, 35+ years capital market experience, founding CFO of Antares Minerals, former founding P

  23. Slide 23: TSX-V-Listed Company with Loyal Shareholders

    Who are we? TSX-V-Listed Company with Loyal Shareholders www.regulusresources.com Shares issued 90,994,594 REG Shareholders Insiders and Associates, 14.13% In 2018 Management Warrants outstanding 4,404,759 Other Regulus Invested >C$2 MM Shareholders, • Private Placement • Open Market Purchases 62.25

  24. Slide 24: What projects are in the hands of juniors?

    What projects are in the hands of juniors? Lack of Sizeable Projects for Majors to Acquire www.regulusresources.com 60 102 50 Tantahuatay AntaKori 40 Sulphide lbs CuEq (billion) 30 Altar 49 AntaKori 20 28 23 14 17 10 11 5 9 12 9 6 4 2 7 7 6 4 3 3 4 5 1 2 2 0 0 Pebble Cascabel Los Helados AntaKori +

  25. Slide 25: What are our goals? Add Value by Resource Expansion

    What are our goals? Add Value by Resource Expansion www.regulusresources.com US$0.04/lb CuEq C$438MM* (US$329MM) US$0.04/lb CuEq = C$4.81/share Two opportunities for a price re-rating: 1. Increasing resources C$136MM US$0.013/lb CuEq = C$1.50/share (US$102MM) 2. Increasing per lb AntaKori holds 8 Bl

  26. Slide 26: Investment Highlights

    Investment Highlights www.regulusresources.com TIER 1 ASSET PROVEN QUALITY IN THE MAKING STRATEGY PARTNERS SHAREHOLDER VALUE TSXV - REG 26

  27. Slide 27: Appendix

    www.regulusresources.com Appendix TSXV - REG 27

  28. Slide 28: Copper Supply/Demand Outlook

    Copper Supply/Demand Outlook Delivering Robust Cu-Au Asset into Rising Copper Market www.regulusresources.com TSXV - REG 28

  29. Slide 29: Interim Mineral Resource Estimate

    Interim Mineral Resource Estimate News Release of March 1, 2019 www.regulusresources.com AntaKori Indicated Mineral Resource Contained Metals CuEq Tonnes CuEq AuEq Cu Au Ag As CuEq AuEq Cu Au Ag Cut-off (millions) (%) (g/t) (%) (g/t) (g/t) (ppm) (B lbs) (M oz) (B lbs) (M oz) (M oz) (%) 0.2 296 0.66

  30. Slide 30: New Interim Mineral Resource Estimate

    New Interim Mineral Resource Estimate News Release of March 1, 2019 www.regulusresources.com TSXV - REG 30

  31. Slide 31: Wood Conceptual Pit Shell

    Wood Conceptual Pit Shell Interim Mineral Resource Estimate March 01, 2019 www.regulusresources.com Regulus drilling outside pit shell displaying Cu% Hole AK-18-026 – 236.35 m with 0.53% Cu, 0.63 g/t Au and 12.1 g/t Ag (1.09% CuEq) and 473.20 m with 1.16% Cu, 0.21 g/t Au and 8.43 g/t Ag (1.39% CuEq)

  32. Slide 32: Wood Conceptual Pit Shell

    Wood Conceptual Pit Shell Interim Mineral Resource Estimate March 01, 2019 www.regulusresources.com AK-30 TSXV - REG 32

  33. Slide 33: Wood Conceptual Pit Shell

    Wood Conceptual Pit Shell Interim Mineral Resource Estimate March 01, 2019 www.regulusresources.com COLQUIRRUMI EARN-IN AGREEMENT CLAIMS AK-30 (all in in light pink) RESOURCE 0.3% CuEq cut off (in orange) REGULUS CONCESSIONS OWNED 100% CONCEPTAL PIT OUTLINE (all in red and pink) TSXV - REG 33

  34. Slide 34: Emerging Cu-Au Discovery in the Land of Peruvian Giants

    Emerging Cu-Au Discovery in the www.regulusresources.com Land of Peruvian Giants TSXV-REG Laura Brangwin, Investor Relations laura.brangwin@regulusresources.com www.regulusresources.com Suite 2300, 1177 West Hastings Street, Vancouver, BC Canada, V6E 2K3 Tel: (604) 685-6800 TSXV - REG 34

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