Peru s Geological Potential and Opportunities PDAC / CCCP March 2013 Toronto, Ontario

Transcription

1 Peru s Geological Potential and Opportunities PDAC / CCCP March 2013 Toronto, Ontario Page 1

2 Forward Looking Statements This presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Such forward-looking information and statements are based on current expectations, estimates and projections about global and regional economic conditions as well as industries that are major markets for Panoro Minerals Ltd. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Further, to the best of management s knowledge the information throughout the presentation is revised and up to date. Page 2

3 Investments Highlights Key Copper Projects in Emerging District in Peru Cotabambas Cu/Au/Ag Project Indicated Resource % Cu, 0.23g/t Au, 2.74g/t Ag, 0.001% Mo (@0.2% Cu eq cutoff) Inferred Resource % Cu, 0.17g/t Au, 2.33g/t Ag, 0.002% Mo (@ 0.20% Cu eq cutoff) High Value & Clean Concentrate 27% Cu, 11.9 g/t Au, 152 g/t Ag Completed Nov Preliminary Economic Assessment H Infill and exploration drilling 2014 Antilla Copper/Molybdenum Project - Indicated Resource % Cu, 0.009% Mo (@ 0.20% Cu eq cutoff) - Inferred Resource % Cu, 0.009% Mo (@ 0.20% Cu eq cutoff) - Preliminary Economic Assessment H Completed Dec Portfolio of attractive early stage projects in same copper/gold belt and in close proximity to other significant mining projects $15 Million Bought Deal Financing Completed March 2013 Page 3

4 Management and Directors Peru Experience Management Luquman Shaheen, P.Eng., M.B.A President, CEO, Director - Over 20 years experience in Mining Sector, 16 years experience in Peru and Latin America David W. Huber, C.A. CFO - 13 years professional accounting experience, 7 years as CFO, Corporate Secretary Yves Barsimantov Vice President, Operations & Peru General Manager - 14 years management experience with Peruvian banking, fishing and mining sectors Luis Vela Vice President Exploration - 20 years exploration experience in Peru Directors Bill Boden Chairman - Former Chairman of First Coal Corporation Richard Mundie Director - Director of Taseko, former advisor to President Teck, M&A in Peru, representative in China Christian Pilon Executive Director Peru, Director - Over 30 years of experience in applied geophysics and mining sector, resident in Peru Christiaan Staargaard, P.Geo. Director - President and CEO of Lithic Resources Ltd Lorne Torjhelm Director - President RNJ Ventures Page 4

5 Peru Onwards to No.1 in Copper Production Focus on Peru Page 5

6 Panoro Projects District Potential Development of Prolific Copper Region to National Goal of No. 1 in Copper Mining Xstrata, Las Bambas - 1.1Bt - $5.2 B development advancing - Chinese companies reviewing Xstrata, Antapaccay - $1.5 B development completed Grupo Mexico, Los Chancas Mt First Quantum Minerals - Haquira Project, 8.5 B lb Cu - Acquired Oct /lb Cu eq Hudbay Minerals - Constancia, 412 MT@.44% Cu - Acquired Mar /lb Cu eq - $1.8 B development to be completed 2014 Page 6

7 Cotabambas Project - Overview Advanced stage copper-gold exploration project 11 exploration concessions covering 14,900 hectares Two Copper-gold porphyry deposits - Ccalla Deposit, main deposit - Azulccaca Deposit Each deposit sits along trend of over 1.5 km length Eight other porphyry targets - Within 1-4 km radius of deposits Exploration commenced November $10 M exploration program completed July New discovery to east of Ccalla deposit - Inferred resource increase from 90 Mt to 404 Mt September Geophysics identifying potential for greater extension Expanded program $15 million completed July Updated resource estimate completed November Mt indicated plus 605 Mt inferred resource announced 2012 Resource Model 2013 Resource Model Page 7

8 Cotabambas Project Deposit Resource Estimate and Expansion 24,400 m exploration program completed July ,000 m included in Sept Resource 33,000 m drilling completed 2013 Total +57,000 m drilled to date - Plus 9,900 m of legacy drilling Contained Metal Additional mineralization below pit shell Positive Metallurgy for High Value Concentrate from Sulphides: - 27% Cu, 11.9 g/t Au, 152 g/t Ag concentrate grades Page 8

9 Significant Expansion Potential High chargeability anomalies identifying: - pyrite halo around Ccalla Porphyry deposit - lateral expansion potential of Ccalla deposit - Target area for +/- 200 Mt Low chargeability anomalies identifying: - NE-SW trend of Ccalla deposit - Correspond to areas of high magnetic response indicative of magnetite Five Areas of potential for expansion beyond 200 Mt - Areas 1, 2, 3, 4 & 5 Page 9

10 Cotabambas Project Growing Project Scale Potential PANORO Claims 6 1. Ccalla and Azzulccaca Deposits - Defined and expanding 16 Km Maria Jose Target - Newly defined - Systematic and channel sampling underway 3. Guacclle Porphyry Buenavista Target - Mapping underway - Limited historical drilling 4. Ccaryoc Target Jean Louis Porphyry Target - Mapping underway 6. Anarque Target 7. Chaupec Target 9 8. Chuyllollo Target 9. Cullusayhua Target 10 Km Page 10

11 Cotabambas Project Work Plan and Budget Completed Program - 24,400 m, 39 Drill Hole Program - step out and infill drilling - primarily at Ccalla deposit - Drilling almost complete - $10 million investment Expanded Program - +33,000 m drilling completed 1. Delineate high grade supergene and oxide zones at Ccalla Deposit 2. Infill drill high grade pit 3. Test near surface high grade zones at Ccalla East 4. Delineate Ccalla East Discovery 2013 Resource Estimate Update - Indicated Resource % Cu, 0.23g/t Au, 2.74g/t Ag, 0.001% Mo, - Inferred Resource % Cu, 0.17g/t Au, 2.33g/t Ag, 0.002% Mo,(@ 0.20% Cu eq cutoff) - High value concentrate - Significant exploration potential identified - High grade pit - Near surface oxide zone $15 M Financing completed 2013 PEA Metallurgy - Mine Plan - Infrastructure - Environmental Baseline Page 11

12 Antilla Project Overview Advanced stage copper-molybdenum exploration project Located 140 km southwest of the City of Cusco, Southern Peru 12 mineral concessions covering 7,500 hectares Indicated resource estimate of million tonnes at an average grade of 0.40% Cu and 0.009% Mo - Current resource only on the East Block - Higher grade near surface zones At a nominal 20,000 tonnes per day open pit operation, the East Block Indicated Resource would have a 27 year mine life with a stripping ratio of Potential starter pit with 27 million tonnes at an average grade of 0.69% Cu and 0.011% Mo 4 year operation at 20,000 tonnes per day Strip ratio of less than 1.0 Preliminary Economic Assessment Completion H Page 12

13 Antilla Project Resource Estimate Summary Antilla East Block Indicated Resource Estimate Sulphide Mineralization Clean concentrate with 90% Cu recovery Produce 27% - 30% Cu concentrate grade Higher grade zones Blocks located together Mineable starter and high grade pit potential Page 13

14 Antilla Project East Block Sections Chalcocite High Grade Zones At or Near Surface Primary Sulphides 200m Maximum Pit Depths Page 14

15 Antilla Project Conceptual Site Layout 15 km access road from Provincial road to site Conceptual Site Plan Map 220 kv power line substation 30 Km Water supply from local water coarse Mill and Plantsite locations identified Tailings and Waste rock area locations identified Infrastructure isolated from village of Antilla West Block potential to increase resource and life of mine and/or throughput Page 15

16 Regional Infrastructure Development Cotabambas Project Power kv Transmission Line Cotaruse Las Bambas Las Bambas Project Road 2. Heavy Haul Road Antapaccay - Las Bambas 3. Access Road Cusco Las Bambas Antilla Project Railroads 4. Cusco - Marcona Port 5. Cotabambas - Marcona Port 6. Abancay - Marcona Port 7. Peru Rail 9Mt/yr Concentrate Hauling Capacity Port 8. Matarani 7 Mt/yr Concentrate Shipping Capacity Page 16

17 Project Pipeline Financed to Advance Significant Project Pipeline Development 2017 Bankable Feasibility Study Feasibility Advanced Exploration 2014 Antilla Cotabambas Preliminary Economic Assessment H El Rosal Chap. Chapi Early Exploration Cochasayhuas Minera IRL JV Utupara Minera IRL JV Level 2 Prospects Kusiorcco Promesa Checca Alicia Teck-Strait Gold JV Level 1 Prospects Pistoro Norte Pataypampa Morosayhuas Sancapampa Humanantata Anyo 17

18 Panoro Resource Growth History Panoro Minerals Resource Growth Contained Cueq of Inferred plus Indicated Resource (Blbs) Cotabambas at Acquisition 2.0 Blb Cueq 25% 1.6 Moz Antilla Resource Added 2% 14% 84% 31 Mlb 1.6 Moz 3.1 Blb Cotabambas 2012 Resource Updated 1% 4% 18% 77% 31 Mlb 37 Moz 3.0 Moz 5.3 Blb Cotabambas 2013 Resource Updated 2% 4% 19% 75% 3 Mlb Ind 56 Mlb Inf 10 Moz Ind 45 Moz Inf 0.9 Moz Ind 3.3 Moz Inf 1.1 Blb Ind 5.7 Blb Inf Antilla 2013 Resource Updated 3% 4% 17% 76% 41 Mlb Ind 54 Mlb Inf 10 Moz Ind 45 Moz Inf 0.9 Moz Ind 3.3 Moz Inf 2.7 Blb Ind 5.1 Blb Inf 75% 1.5 Blb Cu Au Ag Mo

19 Conclusion Cotabambas Project Large scale Copper project, greater potential, strategic location Antilla Project Moderate capital scale project, infrastructure ease, low operating cost potential Financed 2014 plans financed Demonstrated success in raising capital as required Copper Principal commodity with supply constraints coming and demand increasing Peru Key copper producing nation with national goal to double copper production. Growth 2007 to2013 a 400% increase of in-situ metal Two Preliminary Economic Assessments expected in 2014 Page 19

20 TSXV:PML Frankfurt:PZM BVL:PML For further information, contact: Luquman Shaheen, President and CEO Phone: Web: