E A F < G J G RESOURCES LTD . DISCOVERY DRIVEN A leader in the resource exploration boom of the Philippines Slide 1 of 48
FORWARD - LOOKING STATEMENTS E A F < G J G RESOURCES LTD . This presentation may contain forward-looking statements including management's assessments of future plans and operations, expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production).
Our vision… E A F < G J G RESOURCES LTD . to maximize shareholder value through diverse resource exposure in the Philippines and by advancing early stage opportunities through to production or joint venture. Our mission… to achieve financial success for all stakeholders: our shareholders, our joint venture partners, and the people of the Philippines, through the collaborative principles of responsible, sustainable development.
PHILIPPINES: LAND OF OPPORTUNITY FOR JUNIORS E A F < G J G RESOURCES LTD . Russia Korea North America China Japan India * highly mineralized volcanic arcs * copper, gold, nickel South America * market proximity to China, India, Japan & Korea N * exploration boom underway in under-explored country 1,500 km
Recent Major Philippines Investment E A F < G J G RESOURCES LTD . � Xstrata (London) – Exercised option for 62.5% from Indophil in $2 Billion Tampakan gold- copper mine – Funding $30 Million pre-feasibility study � Climax/Oceana (New Zealand) – $100 Million for construction of mine facilities in Didipio copper-gold project � Sumitomo (Japan) – $210 Million to expand nickel refinery plant in Palawan � Sumitomo & Taganito – Feasibility study on nickel refinery in Mindanao � Anglo American – $20 Million pre-feasibility study to earn 40% interest in Bayugo JV (Surigao) – additional $20 Million to earn further 20% � Atlas Mining – $100 Million to rehabilitate copper mines in Cebu � International Finance Group (private financial arm of World Bank) – Plans to increase investment in mining projects: Philippines, Indonesia, Vietnam.
Mindoro Advantage in the Philippines E A F < G J G RESOURCES LTD . � On the ground experience since 1996 – Early presence & little competition allowed accumulation of large land package � Well established Philippine subsidiary (MRL Gold Phils., Inc.) – 40 permanent employees & up to 600 rotating field workers � Strong local connections – Mindoro Director: Oscar Reyes – Philippine partners: Minimax Mineral Exploration & Egerton Gold � Exploring in politically stable regions
Project Development Strategy E A F < G J G RESOURCES LTD . Grassroots Exploration Advance to production Evaluate economic Low risk/cost potential Exploration / Evaluate Pre-development risk / cost High risk/cost Low High potential potential Low risk/cost Abandon Evaluate risk/cost Acquire Mindoro carried High risk/cost JV partner to production
Project Highlights: E A F < G J G � Agata nickel: Mindoro to advance RESOURCES LTD . – Near term opportunity: direct shipping ore production in 2008 • revenue to fund exploration & development programs – Long term value: establish local processing plant � Kay Tanda gold: acquire JV partner – 43-101 compliant gold resources with expansion potential • Inferred: 11,599,000 @0.70 g/t gold = 262,000 contained ounces • Indicated: 3,365,000 @0.88 g/t gold = 95,000 contained ounces – In joint venture discussions with experienced gold mining company � Porphyry copper-gold targets: combination Mindoro and JV – Significant upside potential: 20 undrilled porphyry copper gold targets – Discussions underway to joint venture 2-3 targets in 2008 – Drilling additional targets in 2009 funded by nickel laterite revenue
Experienced Board of Directors E A F < G J G RESOURCES LTD . � Rob Garden, Q.C., B.A., LL.B - Chairman – 30 yrs experience in natural resources law, director of Golden Band Resources � Tony Climie, BS.C. (Hons.), P. Geol. - President and CEO – 38 yrs international mineral exploration & discovery � Dr. Gerhard Kirchner, Ph.D., P.Eng.- Director – 40 yrs international mine development, management & discovery � Oscar Reyes, B.A. – Director (Chairman of Philippine subsidiary) – former Chairman & CEO of Shell Oil, 38 years of business management � Robert Sarcher, M.B.A. - Director – 27 years of investment and financial communications consulting in Europe � Doug Frondall, C.A. - Director – CEO of Virtus Group LLP, specializing in business management consulting Slide 9 of 42
Capitalization Snapshot (CDN $) E A F < G J G RESOURCES LTD . � Shares issued 89.2 million � Shares reserved 33.7 million – Stock Options 6.0 million – Property Acquisitions 6.7 million – Purchase Warrants 21 million � Fully diluted 122.9 million � Recent share price $0.50 � Market capitalization $44.6 million � Year high-low share price $1.31 - $0.58 � Current treasury $5.0 million � Additional funds from reserved shares $23.3 million � Institutions 15%
MIO has consistently out-performed the TSX Venture Composite Index over the past 5 yrs. E A F < G J G RESOURCES LTD . Feb 2003 MIO: $0.15 MIO TSX Venture Index TSX-V: $1106.55 Feb 2008 MIO: $0.48 TSX-V: $2782.07 5 Yr Change MIO: +220% TSX-V: +151% As of Feb. 28/08, $1,000 invested Feb. 28/03 was worth: MIO: $3,200 TSX Venture Composite Index: $2,510
MINDORO PROJECTS E A F < G J G LUZON Far Southeast Marian RESOURCES LTD . Victoria Antamok Acupan Didipio Santo Tomas II Manila Dizon BATANGAS Paracale ! United Paragon PROJECTS: A Rapu Rapu � Lobo A San Antonio � Archangel Tapian � Calo A Aroroy A Bagacay SURIGAO PROJECTS: Pan de Azucar PANAY � Tapian San Francisco Atlas � Tapian Main Sipalay Hinobaan � Agata Placer Bayugo Bulawan Siana Boyongan Basay � Mat-I Sibutad Diwalwal MINDANAO Canatuan Sabena Mindoro Project Masara Hijo Major Deposit Amacan Kingking Recent Major Discovery (within last 15 years) Tampakan
Mindoro in the Surigao Gold District Luzon Manila E A F < G J G RESOURCES LTD . Hinatuan Philippine Sea Mindoro holds Anglo American over 26,000 • joint venture with Philex Gold • Boyungan Deposit: 219 m.t. @ Mindanao hectares 0.5% Cu, 0.7 g/t Au (shown in blue) Bayugo in this Mindoro Project Mayag emerging Anglo Ashanti Masgad Anglo - Philex • joint venture with Red 5 porphyry • Siana Deposit copper-gold Anglo Ashanti -Red 5 • past production 1m ozs gold Taganito • current resources 1m ozs gold and nickel belt Lake Transpacific - Philex • feasibility stage Mainit Queensland Nickel Climax Madja (BHP Billiton) Other Companies Senior mining companies hold Recent porphyry copper-gold discovery adjoining Porphyry copper-gold properties prospects Gold or gold-copper mine deposit / significant prospect Asiga Gold or gold-copper prospect A Nickel laterite mine / development project N Road Faults Butuan Bay 0 5km Slide 13 of 48
PHILNICO SURIGAO CITY Philippine Sea HINATUAN E A F < G J G RESOURCES LTD . An important nickel laterite Luzon camp with PLACER Manila several mines MALIMONO Bayugo in production Boyungan OSMC TAGANITO Siana Mindanao PGMC Lake Mainit North CTP Butuan Bay CNC NORTH DINAGAT Mindoro tenement / application SANTIAGO Nickel laterite mineralization Nickel laterite mine Recent porphyry copper-gold discovery Porphyry copper-gold prospects N TUBAY Gold mine or prospect CABADBARAN Municipality 0 10 km Road
PHILNICO SURIGAO CITY Philippine Sea HINATUAN E A F < G J G RESOURCES LTD . Mat-I Mindoro’s Surigao Prospects: • 2,287 ha of nickel laterite mineralization to date (open) Luzon PLACER • ten porphyry copper-gold prospects Manila MALIMONO Bayugo Boyungan OSMC TAGANITO Siana Tapian SF Mindanao PGMC Lake Tapian Main Mainit North CTP Butuan Bay Northern Agata Nickel CNC Laterite Exploration Target: NORTH DINAGAT • 50 to 60 million wet metric tonnes (WMT) Agata North • 0.9% to 1.5% nickel • 28% to 46% iron. Agata South (Delta Joint Mindoro tenement / application SANTIAGO Venture) Nickel laterite mineralization SRMI Mine Nickel laterite mine The potential quantity and grade of the Recent porphyry copper-gold Exploration Target described is conceptual in discovery nature, there has been insufficient exploration Porphyry copper-gold prospects N TUBAY to define a mineral resource and it is uncertain if further exploration will result in the target Gold mine or prospect CABADBARAN being delineated as a mineral resource. Until Municipality 0 10 km a feasibility study has been completed there is no certainty that the Company's projections Road will be economically viable.
Recommend
More recommend
