Developing a Magnesium Resource in Developing a world class magnesium resource in Western Canada Western Canada TSXV - WHY
Disclaimer and Forward Looking Statement No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This presentation includes certain “forward - looking statements”. All statements other than statements of historical fact, includ ed in this presentation, including without limitation statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. The mineral resources estimates contained here in are only estimates and no assurance can be given that any particular level of recovery of minerals will be realized or that an identified resource will ever qualify as a commercially mineable or viable deposit which can be legally and economically exploited. In addition, the grade of mineralization ultimately mined may differ from the one indicated by drilling results and the difference may be material. The estimated resources described herein should not be interpreted as assurances of mine life or of the profitability of future operations. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of magnesium, as well as those factors discussed in the section entitled “Risk Factors” in the Company’s Annual Information Form available on www.SEDAR.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cautionary Note- Not for distribution in United States All figures are in Canadian $ Dollars unless otherwise indicated. 2
Company Overview West High Yield (W.H.Y.) Resources Ltd. (TSXV:WHY) • A TSXV listed intermediate stage exploration company focused on mineral occurrences near Rossland, British Columbia, Canada. West High Yield is focused on the exploration and development of mineral properties in Canada. Link to detailed information video http://vimeo.com/68633263 • Its primary objective to locate and develop economic magnesium, gold and nickel deposits. The Company’s operations are currently focused on its Record Ridge South Property in South Eastern British Columbia. (near Rossland). West High Yield has identified two significant opportunities in this area: • Magnesium from its wholly owned Record Ridge South property and Gold on West High Yield’s crown granted land at Midnight, O.K. (2.5 km outside Rossland) • The Company received its Preliminary Economic Assessment (PEA) NI 43-101 Report in June 2013, Measured and Indicated Mineral Resources of approximately 43 million tonnes averaging 24.6% Mg, using a 21.9% cut-off. Approximately 10.6 million tonnes contained Mg. • Ownership: 100% ownership of 7,891 contiguous hectares which could support open pit mine and processing facility. 3
Corporate Profile West High Yield is engaged in the exploration and development of its magnesium property near Rossland, BC. 52 Week Low-High: $0.11 - $0.50 Basic Shares Outstanding: 50,511,759 Fully Diluted: 55,160,325 Market Capitalization: $15,153,500 Insider Ownership: 54.5%* Exchange Listing: TSXV: WHY * Fully Diluted 4
Board of Directors / Management Team Frank Marasco Jr. - Director, President and CEO Ross O. Drysdale, LLB - Director Mr. Marasco is the founder of West High Yield. Mr. Marasco Mr. Drysdale is a lawyer and an independent businessman in Calgary, is also President and Director of Big Mountain Development AB. Mr. Drysdale brings over 40 years experience in the legal Corp. Ltd. profession and has specialized in corporate, business and securities law with a particular focus on public companies. Mr. Drysdale has and is serving on a number of current and past boards. Patricia L. Nelson, B.Com - Director Ms Nelson was Controller for Sabre Petroleum’s, Petroterra Ian F. T. Kennedy, P. Eng / P. Geo - Director Natural Resources and Manager of Financial Control for Suncor. She is the Vice Chair and Director of the In Situ Oil Mr. Kennedy brings over 45 years of experience in venture capital and Sands Alliance, Director of Altalink, and Director of Optiom investment banking activities. Mr. Kennedy is a consultant who has Inc.. Ms Nelson served 15 years as an elected Member of served on the board of more than 35 public companies from mining, the Legislature of Alberta. She was appointed and served oil and gas, to high-tech. He has also been Chairman of Ryerson as Minister of Energy, Minister of Economic Development Polytechnic, Toronto. and Tourism, Minister of Government Services and finally was appointed Minister of Finance. She served 12 years as Dwayne Vinck, CA – Director, Chief Financial Officer a member of the Treasury Board and the Agenda and Mr. Vinck is an independent financial consultant and Chartered Priorities Committee of the Government. An active Accountant with over 20 years of business experience. I is a Director at member in the community, she supports charitable Sulfur Recovery Engineering and volunteer director of Kids Help Phone. organizations such as the Kidney Foundation, the Cancer Foundation, Heart and Stroke and Juvenile Diabetes. Hun Kim, P. Eng / P. Geo - Geologist Mr. Kim has been a geological professional and independent Maria Marasco – Director consultant for over 30 years. Mr. Kim has assessed over 200 metallic Mrs. Marasco is an independent business woman who has and non-metallic mines and properties including 104 precious metal provided services in corporate restructuring finance, deposits and 5 industrial mineral deposits. acquisitions, and strategic planning. She is also responsible for overseeing management information systems, human 5 resource strategies, and property management systems.
Why Own WHY Resources Investment Highlights • West High Yield owns Crown granted lands at Midnight, O.K., and IXL, the site of the historic Rossland gold camp, 2.5 km outside Rossland, British Columbia. • West High Yield holds 100% of the mineral rights to the Record Ridge property in southern British Columbia. • West High Yield has drilled over 10,000 meters as well as identifying and sampling the tailings left by nearly 100 years of mining activity. Defined magnesium resource still open in all directions and at depth. (1) • • Mapped resource 100% within West High Yield claims. • Proximity to major infrastructure at nearby Rossland (10 km) and Trail, BC (30 km). (1) PEA NI 43-101 Technical Report by SRK Consulting, June 2013 6
Why Own WHY Resources Magnesium - Record Ridge • On June 4, 2013, West High Yield received a NI 43-101 Preliminary Economic Assessment Report with Measured and Indicated Mineral Resources of approximately 43 million tonnes averaging 24.6% Mg, using a 21.9% cut-off. Approximately 10.6 million tonnes contained Mg. Metallurgy reported in the PEA indicated a 80% recovery rate for the magnesium. • West High Yield has applied for a 10,000 ton bulk sampling permit, and intends to proceed with a rock quarry ground permit, a pre-feasibility and feasibility, and environmental reports for permitting. • Magnesium is a strategic metal. At present, only a small fraction of North American magnesium demand can be met from sources in North America. • Link to information video http://vimeo.com/68633263 Midnight Property: Gold • West High Yield drilling has disclosed significant intervals of mineralization with gold values as high as high as 73 grams per ton over 1.5 meters, 4.1 meters at 40.11 grams per ton, 8.1 meters at 12.20 grams per ton. At the same time, the tailings from the many historic mines in the area represent several million tons of already mined material. • West High Yield is actively exploring options for the recovery and processing of this material. 7
Property Location – Record Ridge South • Record Ridge Property extends over 7.5 square kilometers located 10 kilometers to the southwest of Rossland and 4.5 kms north of the US border. • Link to information video http://vimeo.com/68633263 8
WHY Property - Record Ridge South Excellent Infrastructure Property is easily accessible for open pit Proximity to Rossland (10 km) and Trail, mine and accommodates tailings, waste BC (30 km) disposal, and processing plants Commercial Air Service (Castlegar, BC) Established roads and highways Electrical Power, water and natural gas Electrical power, water and natural gas - Supporting industries in close proximity Nearby rail access with CP Rail (Trail, BC) 4.5 km north of Canada-US Border Skilled workforce readily accessible Nearest port is Vancouver, BC 9
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