MINDORO RESOURCES LTD . DISCOVERY DRIVEN A leader in the resource exploration boom of the Philippines Slide 1 of 40 Slide 1 of 48
MINDORO RESOURCES LTD . Mindoro’s programs are carried out under the supervision of Tony Climie, P.Geol. president of Mindoro, who is a qualified person as defined by National Instrument 43-101. FORWARD LOOKING STATEMENTS: 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). Slide 2 of 40
PHILIPPINES: Land of Opportunity for Juniors PHILIPPINES: Land of Opportunity for Juniors MINDORO 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 Slide 3 of 40
Recent Investment in the Philippines Recent Investment in the Philippines MINDORO RESOURCES LTD . � Xstrata (London) � Xstrata (London) – Exercised option for 62.5% from – Exercised option for 62.5% from Indophil in $2 Billion Tampakan gold-copper mine Exercised option for 62.5% from Indophil Indophil in $2 Billion in $2 Billion Tampakan Tampakan gold gold- -copper mine copper mine – – Funding $30 Million pre – – Funding $30 Million pre-feasibility study Funding $30 Million pre- -feasibility study feasibility study � Climax/Oceana (New Zealand) � Climax/Oceana (New Zealand) – $100 Million for construction of mine facilities in – $100 Million for construction of mine facilities in Didipio copper-gold project $100 Million for construction of mine facilities in Didipio Didipio copper copper- -gold project gold project – � Sumitomo (Japan) � Sumitomo (Japan) – $210 Million to expand nickel refinery plant in Palawan – $210 Million to expand nickel refinery plant in Palawan $210 Million to expand nickel refinery plant in Palawan – � Sumitomo & Taganito � Sumitomo & Taganito – Feasibility study on nickel refinery in Mindanao – – Feasibility study on nickel refinery in Mindanao Feasibility study on nickel refinery in Mindanao � Anglo American � Anglo American – $20 Million pre – – $20 Million pre-feasibility study to earn 40% interest in Bayugo JV (Surigao) $20 Million pre- -feasibility study to earn 40% interest in Bayugo JV (Surigao) feasibility study to earn 40% interest in Bayugo JV (Surigao) – additional $20 Million to earn further 20% – additional $20 Million to earn further 20% additional $20 Million to earn further 20% – � Atlas Mining � Atlas Mining – $100 Million to rehabilitate copper mines in Cebu – – $100 Million to rehabilitate copper mines in Cebu $100 Million to rehabilitate copper mines in Cebu � International Finance Group (private financial arm of World Bank) � International Finance Group (private financial arm of World Bank) – Plans to increase investment in mining projects: Philippines, In – Plans to increase investment in mining projects: Philippines, Indonesia, Vietnam. – Plans to increase investment in mining projects: Philippines, Indonesia, Vietnam. donesia, Vietnam. Slide 4 of 40
Mindoro Advantage in the Philippines Mindoro Advantage in the Philippines MINDORO RESOURCES LTD . � On the ground experience since 1996 – Early presence & little competition allowed Early presence & little competition allowed – accumulation of large land package accumulation of large land package � Well established Philippine subsidiary (MRL Gold Phils., Inc.) – 40 permanent employees & up to 600 rotating field 40 permanent employees & up to 600 rotating field – workers workers � Strong local connections – Mindoro Director: Oscar Reyes Mindoro Director: Oscar Reyes – – Philippine partners: Minimax Mineral Exploration & Philippine partners: Minimax Mineral Exploration & – Egerton Gold Egerton Gold � Exploring in politically stable regions Slide 5 of 40
Mindoro Project Highlights: Mindoro Project Highlights: MINDORO RESOURCES LTD . � Agata nickel – plans for direct shipping ore production in 2008* plans for direct shipping ore production in 2008* – – establish income to fund exploration & development programs establish income to fund exploration & development programs – � Kay Tanda gold – 43 – 43- -101 compliant gold resources 101 compliant gold resources • Inferred: 11,599,000 @0.70 Inferred: 11,599,000 @0.70 g/t g/t gold = 262,000 contained ounces gold = 262,000 contained ounces • • Indicated: 3,365,000 @0.88 Indicated: 3,365,000 @0.88 g/t g/t gold = 95,000 contained ounces gold = 95,000 contained ounces • – advanced joint venture discussions underway with experienced gol advanced joint venture discussions underway with experienced gold d – mining company mining company � Porphyry copper-gold targets – 20 undrilled porphyry copper gold targets – 20 undrilled porphyry copper gold targets – discussions underway to joint venture 2 discussions underway to joint venture 2- -3 targets in 2008 3 targets in 2008 – – drilling on additional targets from proposed nickel laterite rev drilling on additional targets from proposed nickel laterite revenue enue – * see cautionary statements on slide 13 * see cautionary statements on slide 13 Slide 6 of 40
Experienced Board of Directors Experienced Board of Directors MINDORO RESOURCES LTD . � Rob Garden, Q.C., B.A., LL.B - Chairman – 30 yrs experience in natural resources law, director of Golden B 30 yrs experience in natural resources law, director of Golden Band and – Resources Resources � Tony Climie, BS.C. (Hons.), P. Geol. - President and CEO – 38 yrs international mineral exploration & discovery 38 yrs international mineral exploration & discovery – � Dr. Gerhard Kirchner, Ph.D., P.Eng.- Chairman – 40 yrs international mine development, management & discovery 40 yrs international mine development, management & discovery – � Oscar Reyes, B.A. - Director – former Chairman & CEO of Shell Oil, 38 years of business managem former Chairman & CEO of Shell Oil, 38 years of business management ent – � Marshall Farris - Director – Principal of Ascenta Capital, a Canadian investor relations cons Principal of Ascenta Capital, a Canadian investor relations consulting firm ulting firm – � Robert Sarcher, M.B.A. - Director – 27 years of investment and financial communications consulting i 27 years of investment and financial communications consulting in Europe n Europe – � Doug Frondall, C.A. - Director – – CEO of CEO of Virtus Virtus Group LLP, specializing in business management consulting Group LLP, specializing in business management consulting Slide 7 of 40
A Snapshot of Tony Climie A Snapshot of Tony Climie MINDORO � CEO, President, Director RESOURCES LTD . � Co-founder in 1996 � 35 years international mineral exploration & discovery: – Nike Nike- -Concord gold deposit, Nevada Concord gold deposit, Nevada – – Mt. Mt. Skukum Skukum gold mine, Yukon gold mine, Yukon – – Wolf Lake uranium deposit, Wolf Lake uranium deposit, – Saskatchewan Saskatchewan – Damp Damp polymetallic polymetallic deposit, NWT deposit, NWT – – Mazenod Mazenod Lake copper Lake copper- -cobalt deposit, cobalt deposit, – NWT NWT – Koongarra Koongarra uranium deposit, Australia uranium deposit, Australia – Slide 8 of 40
A Snapshot of Oscar Reyes A Snapshot of Oscar Reyes MINDORO RESOURCES LTD . � Chairman of Mindoro subsidiary MRL Gold Phils., Inc. � Former Chairman and CEO Shell Oil Philippines � Responsible for US$5 billion Malampaya oil and gas project � Directorships with major Filipino companies Slide 9 of 40
Capitalization Snapshot (CDN $) Capitalization Snapshot (CDN $) MINDORO RESOURCES LTD . � Shares issued 89.2 million � Shares reserved 33.7 million – Stock Options – Stock Options 6.0 million 6.0 million – Property Acquisitions – Property Acquisitions 6.7 million 6.7 million – Purchase Warrants – Purchase Warrants 21 million 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% Slide 10 of 40
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