C REATING V ALUE T HROUGH D ISCOVERY IN S OUTH A MERICA Lara Copper Project Lara 45%-Owned Property in Southern Peru 1
Forward Looking Statements Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate” 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 on the date the statements are made, and are 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. There can be no assurance that such forward-looking 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 such statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. For a description of material factors that could cause the Company’s actual results to differ materially from the forward-looking statements, please review the Company’s Management Discussion & Analysis and Financial Statements filed on www.sedar.com. Michael Bennell, Lara’s Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy, is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has verified the data disclosed, including sampling, analytical and test data underlying the information or opinion s contained in the written disclosure and approved the written disclosure of the technical information in this presentation regarding the Company’s projects. 2 TSX-V: LRA
Introduction • 1, 1,800h 800ha in th three mining co conce cessions • Ea Easy access from the co coast • El Elevations ra range fro rom 1, 1,500m 500m to to 2, 2,500m 500m • Cr Cretaceous and Lower Tertiary Cu Cu-Mo Mo po porph phyry be belt • The he belt ho hosts world class co copper deposits and mines such as su s Qu Quellaveco o and Cer erro Ve Verde La Lara Porphyry - Access and D Drill Roads 3
Location and Access • 400 400 km from Lima to to Pa Palpa on the Pa Pan- Ame American Highway (~5 hours) ho • 32 32 km NE fr from Palpa on a a reas asonab ably mai aintai ained di dirt road d to Hornopampa (1 (1 hour) • 8 8 km to to th the project t site te on on a di dirt road d (re require res up upgrading ng) 4
Porphyry Deposits Southern Peru 5
Exploration History • Ma Mapping and sampling 1995 • IP IP and magnetic su surveys s 1997 1997 and 2011 2011 • Se Several drill campaigns between 1997 an and 2012 to tota taling ap approximat ately 9, 9,859 859 m in 48 48 holes • Pr Preliminary metallurgical testwork on dr drill core 1998 • In Inferred resource estimate 2005 2005 Please refer to “Summary of Exploration, Metallurgy and Scoping Studies on the Lara Porphyry Copper Property and Proposed 2005 Exploration Program, Rio Viscus, Palpa, Peru” authored by John Nebocat, P. Eng. dated February 9, 2004 and revised March 31, 2005; and to “NI 43 - 101 TECHNICAL REPORT ON THE LARA PORPHYRY COPPER - MOLYBDENUM DEPOSIT, PERU”, authored by Simon Meldrum and dated March 1, 2010. 6
Project Geology • Re Regionally the project lies wi within the Coastal Batholith (g (granodiorites an and to tonalite tes) • Mi Mineralization is hosted by two ac acid to intermediat ate porphyry ce centers, Lara an and So Socos • Rh Rhyolite porphyry dykes • La Late andesitic and dacitic dy dykes Coastal Batholith host r rock 7
Target Geology La Lara So Socos 8
Lara Porphyry Looking N North to the L Lara Target A Area 9
Alteration La Lara So Socos 10
Alteration • Po Potassic, p , phy hyllic, , argillic and pr an propy pylitic al alterat ation Ph Phyllic alteration - La Lara Target 11
Geology Su Supergene enrichment • Th The typical sequence of of intense sely le leached rock, follo llowed by a copper- oxide zon ox one, an enrichment zon one an and primar ary sulphide ore at at depth Leached intrusive w with phyllic alteration and hematite l lined quartz s stockwork veining 12
Geology Le Leached feldspar-porphyry with phyllic alteration and c closely-sp spaced he hematite-li lined sheeted quartz veins 13
Geophysics - IP Chargeability La Lara So Socos 14
Mineralization • Le Leach cap (30 m to 80 m) • Ox Oxide blanket with malachite, ch chrysoco colla, az azurite an and blac ack co copper oxides te tenorite te an and ne neotocite (5 5 m to to 20 20 m) • Supergene enriched blanket with Su ch chalco coci cite and minor co covelite (1 (10 m to 40 m) ) • Pr Primary mineralization with ch chalco copyrite, pyrite and minor bo bornite • Hi High pyrite-ch chalco copyrite ratio Diamond D Drilling 15
Cross Section North 8411350 16
Section Lara Oxide-Supergene Zone 17
Oxide, Supergene and Hypogene 18
Drill Core - Supergene Zone • Le Leached intrusive with abundant he hematite and quartz veinlets up up to to 10m 10mm 19
Drill Core - Oxide Zone • Ma Malachite and black co copper oxides (tenorite an and neotocite) on fr fracture 20
Drill Core – Supergene Zone Se Sericite-bi biotite-po potassium • fe feldspar al altered intrusive with ab abundan ant disseminat ated chalco ch coci cite co coated pyrite and ch chalco copyrite as well as black ck co copper oxides (tenorite and ne neotocite) and nd mino nor malachite 21
Drill Core – Primary Mineralization • Se Sericite altered intrusive wi with quartz-py pyrite +/- chalco ch copyrite veinlets to 4 4 mm and 3 3 % di disseminated d pyrite 22
Resource Estimate 18. 18.6 6 Mt t @ 0. 0.53 53 % Cu (0. 0.20 20 % Cu cut-of off)* )* • *Please refer to “Summary of Exploration, Metallurgy and Scoping Studies on the Lara Porphyry Copper Property and Proposed 2005 Exploration Program, Rio Viscus, Palpa, Peru” authored by John Nebocat, P. Eng. dated February 9, 2004 and revised March 31, 2005. 23
2007-2012 Drill Results 24
Exploration Potential • Ex Extending the oxide and enrichment blanket in the area between Lara and So Socos as well as at at So Socos • Confirming large volume primary mineralization within the 2,000 m x 800 m Co ta target t zone including Lara, Socos and th the adjacent t IP and geochemical an anomal alies 25
Qualified Person and Disclosure News R Releases and Technical Reports Drilling results f from the Lara Project were d disclosed by Lara in news r releases dated J January 2 21, , 2008, , January 3 31, 2 , 2011 and F February 2 28, , 2012, , which can be f found in the N News s section of t the Company w website a and f filed on S SEDAR (www.s .sedar.c .com). . Tw Two Technical R Reports h have been p prepared on t the project: : “Summary of E Exploration, , Metallurgy and S Scoping S Studies on t the L Lara Porphyry C Copper P Property an and Pr Proposed 2005 Exploration Program, , Rio Viscus, , Palpa, P , Peru”, a , authored by John Nebocat, , P. E . Eng. . dated F February 9, , 2004 2004 and revised March 31, , 2005. “NI4 I43-101 Technical R Report o on t the L Lara Porphyry Copper-Molybdenum Deposit, , Peru”, a , authored by Simon M by Meldrum, d , dated M March 1 1, , 2010. Qu Qualified Person Michael B Bennell, , Lara’s ’s Vice P President E Exploration and a a F Fellow o of t the A Australasian In Institute of Mi Mining an and Metal allurgy (AusIM IMM), , is a a Q Qualified Person as defined by National In Instrument 43- 101 Standards of Di 101 Disclosure for Mineral P Projects and h has a approved the t technical d disclosure and verified t the t technical i information i in th this Presenta tati tion. 26
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