For personal use only
For personal use only Disclaimer This presentation has been prepared by Inca Minerals Limited (ICG). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though ICG has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by ICG. Any forward-looking statements included in this document involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, ICG. In particular, they speak only as of the date of this document, they assume the success of ICG’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Recipients of this document (Recipients) are cautioned to not place undue reliance on such forward-looking statements. ICG makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued. To the extent permitted by law, ICG and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and law, ICG and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of ICG and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information. This presentation is not an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis for any contract or commitment whatsoever. All amounts in Australian dollars unless stated otherwise. Competent Person’s Statement The assessment of information provided by third parties, subsequently presented in this presentation relating to Project Potential, past Exploration Results, Mineral Resources and/or Ore Reserves are the views of Mr R Brown, who is a Director the Company and a Member of the Australasian Institute of Mining and Metallurgy. Mr R Brown is a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr R Brown consents to the inclusion in the presentation of his views of information provided by third parties, in the form and context in which it appears. Page 2
Inca Minerals For personal use only Dual potential at Chanape Confirmed mineralised porphyry discovery in maiden drill hole • Near surface gold (>3g/t Au eq ) resource potential confirmed • Company significantly de-risked with upside potential confirmed Market Cap of ~$12 Million • Unsolicited approaches by global producers • Near term catalysts for re-rate Chanape under-explored with large areas yet to be mapped • Near-term drilling to focus on the delineation of a potential • economic porphyry deposit and proving up a near-surface gold resource Page 3
Chanape – Progress For personal use only First 12 months Management recognised Chanape as a porphyry project • Inca one of the first companies in Peru to obtain Exploration • Permit under new regulatory system (introduced mid 2012) Inca’s maiden drilling program confirms dual development • potential of Chanape Current Current Review of drill results and on-site project inspection with • internationally renowned porphyry experts (March/April 2013) Building on local exploration capacity • Preparation for next drilling campaign • Next Drilling campaign during 2013 with dual purpose of following • up on porphyry discovery developing near-surface gold resource potential Page 4
Project Location For personal use only Chanape Project: Chanape Project: Epithermal Au-Ag Epithermal Au-Ag and Cu-Mo-Ag and Cu-Mo-Ag porphyry province porphyry province Moquegua Moquegua Project: Cu-Mo Project: Cu-Mo porphyry province porphyry province Detail Slide 8 5 Page 5
Chanape – 2 targets For personal use only Duel development resource targets Breccia-hosted Insert following slide epithermal gold, silver epithermal gold, silver Mineralisation “Yanacocha-style” Porphyry and porphyry- related copper, molybdenum, silver mineralisation Schematic NS Section (not strictly to scale) “Toromocho-style” 6 Page 6
Near-surface Gold Target For personal use only Epithermal Gold Mineralisation • Only 2 of 50 known breccia pipes drill tested • Recent hole CH-DDH001 drilled through Breccia Pipe Eight 108m interval @ 2.0g/t gold + 41g/t silver from surface including: 25m @ 2.2g/t Au + 95g/t Ag o 42m @ 3.3g/t Au + 34.9g/t Ag o • Only 15 of 50 known breccia pipes sampled Only 15 of 50 known breccia pipes sampled Breccia Pipe 8 and Several have better gold grades than Breccia Pipe o CH-DDH001 Eight • Three new gold-bearing breccia pipes discovered within 100m of Breccia Pipe Eight, results include: 11.25g/t Au + 26.1g/t Ag o 2.99g/t Au + 4.4g/t Ag o Largely un-explored • Potential number of breccia bodies unknown with extensive area under-explored 7 Page 7
Near-surface Gold in Breccia Pipe 8 Area For personal use only Existing gold target zone: • Numerous gold-bearing breccia bodies in a 750m x 500m area • Only two drilled: Breccia Pipe 8 (gold over 100m from surface) and Breccia from surface) and Breccia Pipe Complex 10/11 (gold over 200m from surface) • Mapping likely to reveal additional breccia bodies in target area • Other gold targets associated with breccia clusters in the project area within the sulphide zone 8 Page 8
Cu Porphyry Target For personal use only Cu porphyry & related mineralisation • Cu, Mo, Ag mineralised porphyry discovered in maiden drill hole: • 380m to 600m (EOH) @ 0.13% copper + 120ppm molybdenum including: molybdenum including: � 10m @ 0.78% Cu + 20g/t Ag � 33m @ 0.2% Cu + 296ppm Mo + 4.56 g/t Ag + 0.12g/t Au • Porphyry occurs within large “sulphide envelope”, defined by SP anomaly 2.5km x 1km in size 9 Page 9
Delineating the Cu Porphyry For personal use only “Sulphide envelope” defines area of SP anomaly Outline of Chanape porphyry search • Porphyry ore-zone at Chanape would be located inside sulphide envelope • Sulphide envelope almost entirely situated within Inca’s concession area Inca’s concession area • Characteristics of alteration and levels of Cu and Mo mineralisation in maiden hole indicates proximity to potential ore- body SP anomaly with multiple centres 10 Page 10
Comparison to Toromocho For personal use only Toromocho (1.6Bt @ 0.5% Cu, 0.018% Mo, 7.16g/t Ag) • Multiple styles of mineralisation (principally porphyry-hosted, breccia- hosted and skarn type) associated with multiple porphyry intrusions over 3kms porphyry intrusions over 3kms • Chinalco Mining Corporation International lists on Hong Kong raising $430M on back of Toromocho (Current market- cap of A$2.1Bn) Chanape Schematic SSW-NNE Section (not strictly to scale) • Similar-sized sulphide zone with multiple intrusive porphyries 11 Page 11
Inca - Strategy For personal use only Assets CH-DDH001 maiden hole Develop world-class copper porphyry asset • Delineate near-surface gold resource • Corporate Unsolicited approaches by global producers regarding Chanape • Inca will seek to add value to assets and then consider options • Market capitalisation of ~$12 Million significant upside potential Market capitalisation of ~$12 Million significant upside potential • Inca’s value proposition Identify early stage, large potential assets in South America • Core competency is to revalue assets through exploration • 12 Page 12
Inca – Other Peru Assets For personal use only Peru - other projects: Moquegua Cu Porphyry Project Located in Southern Peru • Cu Porphyry Belt Surrounded by world- • class Cu porphyry mines class Cu porphyry mines Adjacent to Metminco’s • Los Calatos 656Mt Cu porphyry deposit Inca’s work program to • include: geophysics, alteration mapping, surface sampling 13 Page 13
Inca – WA Assets For personal use only Australia - other projects: WA Nickel Rox Resources (red) Inca is reviewing corporate • Inca Minerals (purple) options for its Dingo Range Project near Rox Resources’ recent Ni discovery Inca’s Dingo Range tenements Inca’s Dingo Range tenements • • adjacent to Rox Resources Dingo Range Project remains • un-tested for Ni despite known ultramafics Ultramafic occurrences 14 Page 14
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