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Here's a look at what we did in 2013 and what is up for 2014. We cover the potential of both Lac Gouin SSO property and the O'Brien project.
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December 2013
RDS: TSX.V
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Cautionary Statement
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for historical information, the statements made in this presentation are forward-looking statements involving significant risks and uncertainties. These risks and uncertainties include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or Management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. All references to currency made in this presentation are in Canadian dollars unless otherwise stated.
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Corporation Overview
Head Office 1750 chemin de la Baie Verte Rouyn-Noranda, Quebec J0Z 2XO
Contacts Mario Bouchard, President & CEO mbouchard@radissonming.com T. 819.797.0396 C. 819.277.6578 Donald Lacasse, CFO dlacasse@radissonmining.com
Infos General inquiries: info@radissonmining.com Website: www.radissonmining.com Facebook page: www.facebook.com/Radissonmining TSX Venture: RDS
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Corporation Overview
The objective of this document is to present Radisson’s main assets. The content includes four sections: I Radisson 2013 milestones and 2014 action plan II Phosphate sector overview, added-value potential and description of
the property III Presentation of the O’Brien/Kewagama project IV Capital structure and the Board of directors
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RDS Milestones in 2013
Months Achievements January Nomination of a new President January Hiring of a geologist certified 43-101
February Nomination of 2 directors combining more than 60 years in mining
February Creation of a Facebook page March Promotional booth at the PDAC April Closing of a $108 000 placement June Closing of a $193 000 placement July Acquisition of the Lac Gouin SSO property August Creation of a new website
September Attended the International Fertilizer Institute Conference
September Started the metallurgical study on the O'Brien/Kewagama project September Creation of twitter account September Sampling work on Lac Gouin SSO property October Started a newsletter for the shareholders October New 43-101 report on O'Brien October Closing of a $180 000 placement
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2014 Action Plan Costs
January New 43-101 report on the Kewagama property $50,000
March Metallurgy study on the O'Brien/Kewagama project $50,000
April Prefeasibility study on the O'Brien/Kewagama project $150,000
June Field exploration on the Lac Gouin SSO property $200,000
Miscellaneous Communication and representation $25,000
Financial needs $475,000
Capital dilution@$0,18 (nb of shares) 2,638,889
% Capital dilution 3,68%
2014 Action Plan
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FEEDING THE PLANET
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Phosphate’s Role in Agricultural Production
Phosphate 23%
Potash 16% Nitrogen
61%
Global fertilizer market
Fertilizer increases food production by over 40%
• Accelerates plant growth • Facilitates root development • Improves water management efficiency • Increases crop yield
In agriculture, there is no substitute for phosphate
Source: FAO, percentages based on the number of tons of fertilizer used annually 8
Use of Phosphate
Source1: U.S. Geological Survey, Mineral Commodity Summaries and Minerals Yearbook. Grade data 1990 - 2011.
• 85% of world production of phosphate is used in fertilizer production • Together, Morocco and the Western Sahara hold 74.6% of global
phosphate rock reserves (50,000 million tonnes)
• In 2013, Canada will start importing more than 1 million tons of phosphate rock per year
Year Production Grade
1990 46.3 Mt
-37%
30,7% P2O5
-5.2%
2012 29.2 Mt 29,1% P2O5
U.S. production of phosphate: 1990 vs. 20121
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Market and Price of Phosphate
Source: Phosphate Rock Price, Infomine.com
• The global market is 220 Mt per year and is growing by about 2.5% annually • 8 countries in the Middle East and North Africa are responsible for 24% of the
global production of phosphate: Morocco, Western Sahara, Algeria, Tunisia, Egypt, Israel, Jordan, Syria
World demand for phosphate is guided by
• Population growth • Increase in the use of
cropland for biofuel • Lack of arable land • Dietary changes in
emerging countries
CAD $162,85/t
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Lac Gouin-SSO Property
• 3,066 hectares • Located 115 km north of the city of Saguenay • Southeastern portion of the property accessible by logging roads • Power lines nearby • Identified cells with 15% apatite concentration1
1 Publication of MNRF Géologie Québec, Anderson, A., 1963, RP 504; Laurin, A.F., Sharma, KNM, 1975, RG161 11
Setting of the Lac Gouin-SSO Igneous Deposit
§ The phosphate rock of the Lac Gouin-SSO property is igneous in origin, which is a factor influencing Radisson’s decision to acquire the property, as opposed to sedimentary deposits.
Igneous Deposits Sedimentary Deposits
Rock content 7-15% P2O5 10-30% P2O5
Mine and grinding Hard rock Easy, in a setting where the rocks are
unconsolidated
Concentration Recovery > 85%
Recovery between 75% and 85%
Phosphate rock grade Between 35%-41% P2O5
Average grade of 29%
Phosphate rock quality Very little to no contaminants
May contain some contaminants (uranium, heavy metals, arsenic)
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Development Activities – Lac Gouin-SSO Property
Objectives Period Completed
Acquiring the property July 2013
Surface sampling September 2013
Analyzing samples October 2013
Starting drilling June 2014
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Drilling Program
$1,000,000 drilling program 60 drilling holes for a total of 10,000 metres § 300 metres wide § 2,000 metres long § 150 metres thick § Density 2.8 t/m3
§ This represents only 2% of the property’s area
Potential of 250,000,000 tonnes @$28 per tonne =
in-situ value $7,000,000,000
*The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. 14
Economic Value of the Phosphate Deposit
$1,000,000 drilling
250,000,000 tonnes P2O5 (6.6%)
At $28 per tonne, value= $7,000,000,000
Effect of added value = 7,000X
*The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. 15
Leverage Effect of a Drilling Program
Announcement of drilling results, February 23, 2011
Announcement of a 3,500m drilling program November 3, 2010
Arianne Phosphate Inc. TSX: DAN
Source: Bigcharts.com 16
Insurance Policy for Radisson’s Share
Ø Radisson has a 100% interest in the O’Brien and Kewagama properties, located in the heart of the Bousquet-Cadillac mining camp
Ø $300,000 in equity
Historical Resources
Source1 Charlton Report, 1994 – Non NI 43-101 compliant historic resources Source2 Scott Wilson RPA, 2013
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Old Mine Area1
596,000 tons à 0.17 opt Au Total: 103,600 ounces
36 East Zone2
560,000 tons @ 0.19 opt Au Indicated: 106,000 ounces
317,000 tons @ 0.21 opt Au Inferred: 67,000 ounces
Current Resources
Insurance Policy for Radisson’s Share
O’Brien/Kewagama Project A classic high-grade mining model
Source: Standard chartered bank, *Discoveries over 1 million ounces
Average grade of ounces of gold discoveries in the West
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Remark on 36 East Zone nugget effect
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NI 43-101 report produced by RPA in 2013, reports that high assays were cut to 2.0 oz/ton gold. We note the presence of a nugget effect in the veins modelisation of 36 East Zone. Nugget effect is estimated at 0.38 and affects cut resource calculation.
History of the O’Brien/Kewagama Project
• The project is located in the heart of the Abitibi gold belt along the Cadillac-Larder Lake Break
• Located in the Bousquet-Cadillac mining camp, the project is accessible
by provincial highway 117 • Today, the Bousquet-Cadillac mining camp hosts more than 45 million
ounces of gold (past production, reserves and resources) • Abitibi is known worldwide for its skilled mining industry workforce • 4 gold projects are
in production along the Cadillac-Larder Lake Break
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Bousquet-Cadillac Mining Camp
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The O’BRIEN/KEWAGAMA Project - Longitudinal Section
17.5 g per ton /1.0 m
13.68 g per ton /0.30 m Discovery potential to be drilled = 3,648,000 ounces
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Potential of Profitability for Gold Producers
Source1 Aurizon Mines 2012 annual report
Source2 Richmont Mines, 2012 annual report
Casa Berardi Mine- Hecla Mining1 2012 2011 2010 Located 227 km from the O’Brien/Kewagama project Grade gold g/t 6,80 8,00 6,80 Gold ounces produced 136 848 163 845 141 116 Average selling price 1 658 $ 1 578 $ 1 145 $ Average production cost 976 $ 775 $ 786 $ Revenue from mine 223 558 000 $ 259 999 000 $ 178 743 000 $ Profit 91 770 000 $ 132 274 000 $ 67 825 824 $ Mark-up 41% 51% 38%
Island Gold Mine-Richmont Mines2 2012 2011 2010 Located 677 km from the O’Brien/Kewagama project
Grade gold g/t 5,45 6,10 5,95 Gold ounces produced 41 686 49 196 45 865 Average selling price 1 666 $ 1 570 $ 1 243 $ Average production cost 884 $ 766 $ 783 $ Revenue from mine 69 448 876 $ 77 237 720 $ 57 010 195 $ Profit 32 598 452 $ 39 553 584 $ 21 097 900 $ Mark-up 47% 51% 37%
Lapa Mine-Agnico-Eagle Mines3 2012 2011 2010 Located 8 km from the O’Brien/Kewagama project Grade gold g/t 6,48 6,62 8,26 Gold ounces produced 106 191 107 068 117 456 Average selling price 1 636 $ 1 565 $ 1 285 $ Average production cost 691 $ 641 $ 564 $ Revenue from mine 173 753 000 $ 167 536 000 $ 150 917 000 $ Profit 100 377 000 $ 98 937 000 $ 84 718 000 $ Mark-up 58% 59% 56%
Source3 Agnico Eagle website, Interactive analyst center 23
JEAN-MARIE DUPONT Director and Chairman of the Board
MARIO BOUCHARD President & CEO, Director
DONALD LACASSE, Eng. VP, CFO & Secretary-Treasurer, Director
DENIS LACHANCE, Eng. Director
MICHEL GARON, Eng. Director
LUC SIMONEAU Director
PAUL CREGHEUR Director
Board of Directors
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Outstanding Class A shares 72,807,982
Management 7,918,750
Class A stock options 3,610,000
Class A warrants 4,829,434
Diluted share capital 81,247,416
Capital Structure
Management ownership is 7,918,750= 10.88% of the share capital
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