Corporate Presentation 11 December 2013
DISCLAIMER This presentation does not constitute a recommendation to buy or sell securities of ECR Minerals plc • (“ECR” or the “Company”) or any other securities mentioned herein. This presentation does not constitute a prospectus or an admission document relating to ECR, nor does it constitute or form part of any offer or invitation to purchase, sell or subscribe for any securities in ECR, nor shall this presentation or any part of it, or the fact of its distribution, form the basis of or be relied on in connection with any contract therefor or for any purpose whatsoever. No reliance should be placed on the information contained in this presentation or on its completeness. • No representation or warranty, express or implied, is given by or on behalf of ECR or any directors, partners, officers, employees, advisers or any other persons as to the accuracy, fairness or sufficiency of the information or opinions contained in this presentation. Save in the case of fraud, no liability is accepted for any errors, omissions or inaccuracies in such information or opinions. This presentation may contain forward-looking statements relating to future events or to the • anticipated performance of ECR or other companies. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance of the Company or any other company to be materially different from any anticipated performance expressed or implied by the forward-looking statements. ECR MINERALS PLC 2
ABOUT ECR MINERALS (AIM: ECR) Exclusive right and option to earn a 50% interest in the Itogon gold-silver project, Philippines , • an advanced exploration project in a major gold and copper mining district 100% ownership of the Sierra de las Minas gold project, La Rioja Province, Argentina ; • exploration strategy to delineate multiple high grade, low tonnage deposits suitable for advancement to production on a relatively low capital, near term basis Holding 15% of issued shares (16% fully diluted) in THEMAC Resources Group (TSX-V: • MAC) , which is focused on the Copper Flat copper-molybdenum-gold-silver porphyry project in New Mexico, USA; holding consists of shares and warrants Australian subsidiary Mercator Gold Australia (MGA) with around A$77M of tax losses . MGA • remains subject to a deed of company administration (DOCA), conclusion of which is expected to pave the way for a transaction to take advantage of the tax losses Shares in issue 3,259,129,313; (fully diluted 3,403,021,819); £13M undiluted mkt. cap. at 0.4p ; • shares traded as AIM: ECR and ADRs as OTC: MTGDY ECR MINERALS PLC 3
BOARD OF DIRECTORS Paul Johnson, Non-Executive Chairman More than 20 years’ investing experience and co-founder of MiningMaven, an investor communications service • focused on the natural resources sector; appointed a director of ECR in May 2012 and chairman end January 2013 Chartered Accountant, Associate of the Chartered Institute of Loss Adjusters and of the Chartered Insurance • Institute, and a Member of the Business Continuity Institute. Holder of a BSc (Hons) in Management Science from UMIST School of Management Stephen Clayson, Director and CEO Diverse background in mineral sector since 2004, formerly Corporate Development Manager for Kryso Resources • (AIM: KYS, market cap. >£100M, multi Moz gold resource and reserve base in Tajikistan); undertook extensive consultancy for Peninsular Gold (AIM: PGL, gold producer in Malaysia) from 2006-2008 Became CFO of ECR September 2010 and appointed a director April 2011; appointed CEO end January 2013 • Richard (Dick) Watts, Non-Executive Technical Director Currently a Principal Mining Consultant for Royal HaskoningDHV (formerly Turgis Mining Consultants). Track • record of senior operational roles on gold, copper and coal mines in Africa (South Africa and Zambia), Russia and Central Asia (Kazakhstan and Uzbekistan); appointed a director of ECR in May 2012 Fellow of the South African Institute of Mining & Metallurgy and holder of a B.Eng (Mining) from the University of • Sheffield along with a Mine Manager’s Certificate (South Africa) and a First Class Certificate of Competency (UK mine manager’s qualification) ECR MINERALS PLC 4
ITOGON GOLD-SILVER PROJECT, PHILIPPINES ECR has entered into an earn-in and joint venture agreement with Tiger International Resources, Inc. • (TSX-V: TGR) (“Tiger”) and Tiger’s subsidiary Cordillera Tiger Gold Resources, Inc. (“Cordillera Tiger”) with respect to the latter’s 100% owned Itogon gold-silver project in the Philippines The Itogon project is an advanced exploration project located in a gold and copper mining district on • the island of Luzon in the north of the Philippines, and benefits from an extensive historical dataset ECR has the exclusive right and option to earn a 50% interest in the Itogon project by obtaining, for • Cordillera Tiger, a mining licence in respect of the project within 5 years of the commencement of the earn-in and by making certain staged payments to Tiger totalling US$1.4 million, with all but US$100,000 subject to the success of the project ECR will fund all expenditure required for Cordillera Tiger to obtain a mining licence, and through • Cordillera Tiger, ECR will be the operator of the project ; after a mining licence is obtained ECR and Tiger would fund development pro rata, or the non-funding partner would be diluted The Itogon project is located in the Central Cordillera of Luzon, a gold and copper mining district of • global significance which hosts numerous sizable producing mines and former producers ECR’s earn-in has commenced effective 8 December 2013 , and exploration can now commence • ECR MINERALS PLC 5
ITOGON GOLD-SILVER PROJECT, PHILIPPINES ORIENTATION & DISTRICT GEOLOGY ITOGON PROJECT ITOGON PROJECT * The figures presented on this slide are sourced from a third party report and may not be accurate or complete. They should therefore not be relied upon
ITOGON PROJECT PREVIOUS WORK, EXPLORATION TARGET & NEARBY DEPOSITS The Itogon project has an extensive database of previous work, including drilling, metallurgical testwork • and surface sampling The exploration target in the Itogon project area is a steeply dipping wide hydrothermal or epithermal • gold-silver system . At least five gold and silver bearing quartz veins have been mapped and are indicated to be continuous or semi continuous and steeply dipping (near vertical). The five sub parallel vein sets are recognised as occurring within a zone up to 250m wide and up to 600m long A technical report on the Itogon project filed by Tiger in 2011 stated an overall resource target for the • project “of the order of 0.5 to 1 million ounces of gold” . The author of the report, Jaime C. Zafra, also expressed the opinion that “a potential self-draining open pit on the main vein could host in the order of 300,000oz gold” On the NE boundary of the Itogon project is a separate project area that is reported to have produced more • than 1 Moz gold historically. On the SW boundary of Cordillera Tiger’s project is another area of significant past gold production Metallurgical testwork conducted by Kappes, Cassiday & Associates (and others) indicates that the • mineralisation at Itogon is amenable to cyanide leaching * The technical data provided in this presentation with respect to the Itogon project is sourced in part from a third party report, and may not be accurate or complete. It should therefore not be relied upon. All significant exploration and evaluation work in relation to the report was completed in the late 1990s or earlier, and the historical resource estimates are non compliant ECR MINERALS PLC 7
IMAGES OF ITOGON PROJECT AREA
IMAGES OF ITOGON PROJECT AREA
ITOGON PROJECT TENURE & ACCESS Grid power is accessible close to the Itogon project and water is available within the project area • from a river and springs. The project area is accessible by paved roads and unmade vehicle tracks The climate of northern Luzon is tropical, with high humidity and warm year round temperatures, • and a monsoon season from June to October It is possible to operate at the Itogon project year round . The project area consists of moderate to • rugged terrain with elevations ranging from 1,100m to 1,500m, vegetated by second growth pines and mountain shrubs The project is held under a granted exploration permit (EP) . The EP covers approximately 330 • hectares and was renewed for a second two year term commencing 1 October 2013. It is renewable again for up to two further two year terms following the expiry of the present term in 2015 Under Philippine law the holder of an EP who determines the commercial viability of a mining • project may, within the term of the EP, file with the relevant government authorities a declaration of mining project feasibility accompanied by a work program for development. The approval of such filing and compliance with other requirements under Philippine law and regulation entitle the holder to an exclusive right to a mineral production sharing agreement or other mineral agreements or financial or technical assistance agreement (in general terms a mining licence) ECR MINERALS PLC 10
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