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Eurotin o t i n Oropesa - Spanish Tin TSXV - TIN September - PowerPoint PPT Presentation

Dec 24, 2023 •250 likes •482 views

E u r Eurotin o t i n Oropesa - Spanish Tin TSXV - TIN September 2013 Forward Looking Statements This presentation contains certain forward-looking statements and forward-looking information under applicable securities laws

  1. E u r Eurotin o t i n Oropesa - Spanish Tin TSXV - TIN September 2013

  2. Forward Looking Statements This presentation contains certain “forward-looking statements” and “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and condition of Eurotin Inc. (“Eurotin”). Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realisation of mineral reserve estimate, mine life estimation, permitting timelines, the timing of future production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, requirements for additional capital, government regulation of mining operations and environmental risks. Forward-looking statements are frequently characterized by words such as “plan”, “except”, “project”, “intend”, “believe”, “anticipate”, “estimate”, and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements, as well as changes in market conditions and other risk factors. Although Eurotin has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Eurotin undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Much of the technical information on the Oropesa project, contained in the following presentation, has been derived from the NI 43- 101 ‘Technical Report for the Oropesa Property, Cordoba Province, Region of Andalucia, Spain’ dated August 16 th 2011 written by Qualified Person James G Burns P.Eng. Peter Miller B.Sc (Geol), MBA, C.Sci – a Qualified Person, director and insider of the Company – and Victor Guerrero Merino Euro.Geol are responsible for geological interpretation at Eurotin’s Spanish tin projects. All assay results reported here were undertaken using lithium metaborate fusion methodology, using XRF-10 analysis, in the laboratories of ALS Chemex in Vancouver. The drill core samples were prepared for assay in the facilities of ALS Chemex in Seville, Spain and were collected and processed in a secure environment under the supervision of Qualified Person and independent geologist Victor Guerrero Merino Euro.Geol .

  3. Eurotin Corporate Structure Eurotin Share Structure Eurotin Inc. Issued: 79,641,760 A Canadian Public Company Warrants: 14,015,625 Stock Options: 5,406,250 Total – Fully Diluted: 99,063,635 Stannico Resources Inc. A Canadian Private Company 96% ~67%** Minas de Estaño de Minas de Estaño de Extremadura SLU España SLU A Spanish Private Company A Spanish Private Company 100% 100% Santa Maria Oropesa* Colluvial/Alluvial Tin Project Hard Rock Tin Project * Subject to a 1.35% NSR ** Earning into an 85% interest.

  4. Tin – A Supply Side Story  The current price of tin, at around $21,000/t, is insufficient to make most known tin projects in the western world economically attractive, although many would have profitable operations at this price. A major price rise seems imminent; ITRI is forecasting circa $40,000/t by year end 2014.  With the exception of Australia, tin production is either static or declining.  San Rafael closes in 2017 – a loss of ~30,000tpy, or ~10% of global mine output.  Indonesia faces continued declining grades and falling production.  Bolivia’s strange politics will ensure no new significant tin production there.  Without new mines, a minimum 75,000tpy tin deficit seems likely for 2017/2018. LME Tin Price  Recycling of tin scrap plugged the recent supply Sept. 2010 – Sept 2013 gap, but has now peaked at around 60-65,000tpy.  Tin usage per item is very small. For example, an average cellphone uses 0.7g, worth 1.5c. The price of tin is not a consideration for most consumers, only its assured availability.

  5. The Sources and Usages of Tin  Tin demand has grown steadily at 1.96% pa for the past 30 years.  Global tin production is declining and global tin stocks have halved since 2008 to 5.6 weeks.  China now consumes almost half the world’s production of refined tin.  There are no operating tin mines in either North America or Europe. Country Mined Tin 2012 % of World Comment % Change in New Tin Mine China 97,700 35.30% Gently Declining* Production - First Half 2012 Indonesia 93,000 33.60% Declining – 20% by 2017* All output ends 2017 Peru 24000 8.70% Flat Bolivia 19000 6.90% Rest of World 43,000 15.50% Gently Increasing* Total: 276,700 100.00% Fall to 271,000t in 2012* Tin Usage Chinese Mined Tin Country Tin Used 2012 % of World Tin Usage 2011 % Used Output and Usage (t’000s) China 146,000t 43.3% Solder 52.1% Mined Tin Europe 53,700t 15.9% Tinplate 15.8% Output USA 32,000t 9.5% Chemicals 14.7% Japan 27,300t 8.1% Brass & Bronze 5.2% Total: 338,100t 100.0% Other 12.1% * Source: ITRI

  6. Oropesa Tin Grades: Resource v Drill Indicated On October 12, last year, Eurotin published its first resource* for its Oropesa tin project in southern Spain – see table below. Cutoff Grade Tonnes - Mineralisation Tonnes – Contained Tin Tin Grade (%) 0.10% Sn 17,785,408 51,365 0.29% 0.20% Sn 11,740,307 42,474 0.36% 0.30% Sn 5,786,638 27,480 0.48% 0.40% Sn 2,972,388 17,889 0.60% 0.50% Sn 1,723,835 12,404 0.72% The resource grades, and tonnages at higher cutoff grades, were significantly less than had been indicated from a simple analysis of the drill results: Cutoff Grade No. of Intercepts Total Intercepts (m) Av. Intercept (m) Av. Tin Grade (%) 0.20% Sn 210 2,382.6 11.3 0.61% 0.25% Sn 233 1,994.2 8.6 0.72% 0.35% Sn 158 1,041.5 6.6 1.01% 0.50% Sn 138 736.2 5.3 1.24% At the time of the resource’s publication resource, Oropesa’s geological model was not well understood. Oropesa’s weighted average drill grade (using a 0.2% Sn cutoff) is 0.61% Sn, a figure 69% higher than the equivalent resource grade of 0.36% Sn. Many of Oropesa’s high grade intercepts were not included in the resource, as the continuity of the mineralisation could not be demonstrated – A new model recently resolved this problem. * The Oropesa resource was prepared under the direction of Howard Baker BSc, MSc, MAusIMM(CP) of SRK Exploration Services Ltd. (“SRK”), Cardiff, UK and is compliant with the regulatory requirements of National Instrument 43-101 (“NI-43-101”), and excludes all drill results obtained by IGME (Instituto Geologico y Minero de España) during its Oropesa exploration program undertaken in the mid-1980s.

  7. Eurotin’s Spanish Tin Projects Santa Maria Oropesa TIN TSXV

  8. The Oropesa Tin Deposit 1  Location: Far south West European Tin Belt – see right:  Age of Deposit: 285 million years.  Type of Deposit: Hard rock.  Mining Method: Initially, low cost, open pit.  Mineralisation - 1: Tin in cassiterite (SnO 2 ), plus minor copper, silver & zinc. Oropesa  Mineralisation - 2 : High grade veins and lower grade replacement zones. Note: Oropesa is the  Mineralisation – 3: Unusually thick – by tin furthest south deposit standards. identified in the West European Tin Belt.  Discovery: Mid-1980s by IGME, the Spanish Geological Survey.  Known Dimensions: Length: +1.5kms Known Depth: Drilled to 225m.

  9. Oropesa Drill Lines -4 -2 -3 -1 1 1 2 3 4 5 6 7 1 8 9 10 11 12 13 14 15 16 17 18 19 20 21

  10. Summary of Oropesa’s Drill Results – Cutoff Grade 0.25% Sn Oropesa Drill Hole Summary – West to East* Line Number No. of Intercepts Average Width (m) Average Grade (% Sn)  The table on the left shows the -4 1 8.0 0.69% weighted average grades and widths -3 3 7.8 0.54% -2 of tin mineralisation of 233 drill 1 18.6 0.72% -1 6 4.1 0.87% intercepts, totalling 2,000 metres, 1 11 9.3 0.93% from west to east across Oropesa. 2 13 9.9 0.76% 3 34 8.3 0.81%  Almost all drill intercepts are at 4 28 8.4 0.87% 5 16 7.7 0.84% open-pittable depths of less than 180 6 16 7.6 0.49% metres. 7 11 7.0 0.52% 8 8 9.6 0.48% 9 10 11.9 0.58% Drill Results’ Summary 10 9 7.5 0.70% 11 7 8.8 0.67% No of Drill Intercepts: 233 12 8 12.6 0.57% 13 8 7.1 0.45% 14 Simple Average: 8.6m @ 0.72% Sn 10 8.9 0.40% 15 4 6.9 0.69% 16 6 7.0 0.78% Weighted Average: 8.7m @ 0.70% Sn 17 7 9.7 0.96% 18 5 6.6 0.65% Est. Av True Width: ~7.5 metres. 19 5 13.2 0.86% 20 1 4.0 0.72% 21 5 7.6 0.91%

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