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ATACAMA PACIFIC GOLD CORPORATION
Cerro Maricunga Oxide Gold Project
Trading Symbol – ATM:TSXV
January 2013
This presentation contains, or incorporates by reference, “forward-looking information and statements” within the meaning of applicable Canadian securities
legislation and within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934. Forward-looking information may include,
but is not limited to, statements with respect to the future financial and operating performance of Atacama Pacific Gold Corporation and its subsidiaries, and
its mineral properties, the future price of gold and other metals, the estimation of mineral resources, results of exploration activities and studies, the
realization of mineral resource estimates, exploration expenditures, costs and timing of the development of new deposits, the acquisition of additional
mineral resources, the results of future exploration and drilling, timing of economic and scoping-level studies, costs and timing of future exploration of the
Projects, requirements for additional capital, management’s skill and knowledge with respect to the exploration and development of mining properties in
Chile in general and the relevance of that knowledge to the projects, government regulation of mining operations and exploration operations, timing and
receipt of approvals and licenses under mineral legislation, environmental risks and title disputes or claims and limitations of insurance coverage. In certain
cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events
or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Atacama Pacific to be materially different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Such factors include, among others, risks associated with the Company’s dependence on the Cerro Maricunga Project; the Company’s limited
operating history; general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; risks
associated with dependence on key members of management; conclusions of economic evaluations and studies; currency fluctuations (particularly in respect
of the Canadian dollar, the United States dollar and the Chilean peso and the rate at which each may be exchanged for the others); future prices of gold and
other metals; uncertainty in the estimation of mineral resources; exploration and development risks; infrastructure risks; inflation risks; defects and adverse
claims in the title to the projects; accidents, political instability, insurrection or war; labour and employment risks; changes in government regulations and
policies, including laws governing development, production, taxes, royalty payments, labour standards and occupational health, safety, toxic substances,
resource exploitation and other matters; delays in obtaining governmental approvals or financing or in the completion of development or construction
activities; insufficient insurance coverage; the risk that dividends may never be declared; liquidity and financing risks related to the global economic crisis, as
well as those factors discussed in the section entitled “Risk Factors” in the Company’s Prospectus dated October 29, 2010. Such forward-looking statements
are based on a number of material factors and assumptions, including: that contracted parties provide goods and/or services on the agreed timeframes; that
on-going contractual negotiations will be successful and progress and/or be completed in a timely manner; that no unusual geological or technical problems
occur; that plant and equipment work as anticipated and that there is no material adverse change in the price of gold. Although Atacama 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 to differ from those anticipated, estimated or intended. Forward-looking statements contained herein
are made as of the date of this presentation. 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. Accordingly, readers should not place undue reliance on forward-looking statements
due to the inherent uncertainty therein.
x
Forward Looking Statement
2
ATACAMA PACIFIC GOLD CORPORATION
Focused on precious metals exploration and development in Chile
− A mining-friendly country with a long history of encouraging resource development
− Ranked No. 1 mining jurisdiction in Latin America and No. 8 in the world1
− Ranked No. 1 in the world for mining potential1
Atacama’s key property is the Cerro Maricunga Oxide Gold Project
− Located in the Maricunga Mineral Belt, an established gold mining region in Chile
Cerro Maricunga M&I resource2 is 2.67 M ounces of gold grading 0.51g/t Au
− Inferred resource of 1.81 M ounces at 0.47 g/t Au
Insiders own 32% of the shares of Atacama
− 42% beneficiary ownership
Well financed with $20 M in cash (Jan 2013)
3
1. Fraser Institute - 2010/2011 Survey of Mining Companies
2. National Instrument 43-101 Compliance: The Cerro Maricunga resource estimate was prepared under Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards (2005). Dr. Eduardo Magri, a mining engineer (Witwatersrand) and a Fellow of the Southern African Institute of Mining and Metallurgy with over 30 years of industry experience, is the independent qualified person, as defined by National Instrument 43-101 (“NI 43-101”), for the resource estimate.
Experienced Management and Board
4
Management Team
Dr. Albrecht Schneider, Executive Chairman and Director
• Geologist with over 25 years experience in exploration in South America
• Co-founder of Andina Minerals Inc., co-founder of AMX, senior positions with TVX Gold and TVX Normandy; contractual positions with Kinross, Newmont, Gold Fields and Antofagasta
Carl B. Hansen, President and CEO and Director
• Geologist with 25 years experience in exploration and mining industry
• Co-founder, President and CEO of Andina Minerals Inc. to January 2009
• Senior head office positions with TVX Gold and Kinross; operational position at INCO
Thomas Pladsen, CFO
• Over 20 years experience in the exploration and mining industry
• Held senior management positions including CFO of Andina and Katanga Mining
Independent Directors
Scott Caldwell, CEO, Allied Nevada
• 30 years experience building and operating gold and base metal mines worldwide including Chile
Paul Champagne, CA, CBV, Financial Consultant, Champco
• 20 years of experience has a financial consultant
Antonio Ortuzar, Lawyer, Baker McKenzie
• 22 years as a lawyer in Chile specializing in the mining industry
Tightly Held Share Structure
5
Share Structure millions
Basic Shares Outstanding 50.94
Options 4.88
Fully Diluted Shares Outstanding 55.82
Basic Market Cap (at $3.00 per share) $153 M
Strong Shareholders Base
Insiders and Management (30%)
Investors Group
RBC Asset Management
Sentry Select
Salida
Sprott
Wellington
Insiders 30%
Funds* 40%
Others 30%
Shareholder Base
* Estimated from Bloomberg and direct sources
Located In A Major Gold Mining Region
# Deposit Sulfide/ Oxide
Reserves & Resources Grade (g/t Au)
Historical Production
1 Esperanza (Laguna-100%)
N/A 1.2 M oz Au eq. 1.98 eq 0.83M oz Au eq
2 La Coipa / Puren (Kinross-100%)
Oxide 1.5 M oz Au, 45.5M oz Ag 2.2 eq 1 3.5M oz Au
3 Lobo – Marte (Kinross-100%)
Sulphide 9.8 M oz Au 0.98 >180K oz Au (1988-1992)
4 La Pepa (Yamana-100%)
Sulphide 3.4 M oz Au 0.56 148K oz Au (1980’s- 90’s)
5 Volcan (Andina-100%)
Sulphide 9.5 M oz Au 0.69 -
6 Pantanillo1
(Orosur-100%) Oxide/ Mixed
1.0 M oz Au 0.69 -
7 Maricunga (Kinross-100%)
Oxide/ Sulphide
9.4 M oz Au 0.68 2.1M oz Au
8 Caspiche (Exeter-100%)
Sulphide 24.3 M oz Au, 60.3 M oz Ag, 6.3 B lbs Cu
0.51 -
9 Cerro Casale (Barrick-75%, Kinross 25%)
Sulphide 31.0 M oz Au, 81.4 M oz Ag, 8.5 B lbs Cu
0.52 -
10 Cerro Maricunga (Atacama-100%)
Oxide 2.67 M oz Indicated @ 0.51 g/t Au* 1.81 M oz Inferred @ 0.47 g/t Au*
-
Maricunga Mineral Belt hosts over 90 million oz of gold resources
7
* M&I resources – 163.9 Mt @ 0.51 g/t Au & Inferred resources – 120.7 Mt @ 0.47 g/t Au. See page 8 for NI43-101 disclosure
September 2012 Resource Estimate
8
Cerro Maricunga Project – Oxide
Measured Indicated Measured and Indicated Inferred
Cut-off Tonnes Grade Tonnes Grade Tonnes Grade Oz Au Tonnes Grade Oz Au
(g/t Au) (millions) (g/t Au) (millions) (g/t Au) (millions) (g/t Au) (OOO’s) (millions) (g/t Au) (OOO’S)
0.2 60.4 0.44 187.5 0.41 247.9 0.42 3,344 226.3 0.36 2,654
0.3 40.7 0.53 123.1 0.50 163.9 0.51 2,667 120.7 0.47 1,810
0.4 24.5 0.64 71.2 0.61 95.8 0.62 1,912 57.8 0.60 1,118
0.5 15.1 0.77 42.8 0.72 57.9 0.74 1,370 32.3 0.73 754
* National Instrument 43-101 Compliance The Cerro Maricunga resource estimate was prepared under Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards (2005). Dr. Eduardo Magri, a mining engineer (Witwatersrand) and a Fellow of the Southern African Institute of Mining and Metallurgy with over 30 years of industry experience, is the independent qualified person, as defined by National Instrument 43-101 (“NI 43-101”), for the resource estimate.
2.6
67
2.1
00
2.3
90
1.4
70
1.1
30
0.5
13
1.8
10
1.1
00
0.1
20
0.1
70
Cerro Maricunga,Atacama
Amulsar,Lydian
Shahuindo,Sulliden
Cerro Jumil,Esperanza
Pan,Midway Gold
Cerro Quema,Pershimco
Inferred (Moz Au) Indicated (Moz Au)
Cerro Maricunga – A Large Oxide Gold Deposit
The largest oxide gold deposit not owned by a gold producer
9
Updated from Stonecap Securities Aug 17, 2012 Atacama Report
10
2012 Resource Model
Lynx Zone 710 koz Au M&I 343 koz Au Inferred
Phoenix Zone 1,235 koz Au M&I 766 koz Au Inferred
Pollux Zone 162 koz Au M&I 409 koz Au Inferred
Crux Zone 560 koz Au M&I 292 koz Au Inferred
0 1000
metres
See page 8 for NI 43-101 disclosure
Measured Indicated Measured and Indicated Inferred
Cut-off Tonnes Grade Tonnes Grade Tonnes Grade Gold
Ounces Tonnes Grade
Gold
Ounces (g/t Au) (millions) (g/t Au) (millions) (g/t Au) (millions) (g/t Au) (000’s) (millions) (g/t Au) (000’s)
0.2 13.5 0.47 45.6 0.45 59.1 0.46 864 40.2 0.39 506
0.3 9.1 0.58 30.8 0.55 39.8 0.55 710 19.6 0.54 343
0.4 5.8 0.71 19.9 0.66 25.7 0.67 554 11.5 0.69 256
0.5 4.0 0.83 13.5 0.76 17.6 0.77 436 8.0 0.80 205
Lynx Zone Resource Estimate
11 * See page 8 for NI 43-101 disclosure
Phoenix Zone Resource Estimate
12 * See page 8 for NI 43-101 disclosure
Measured Indicated Measured and Indicated Inferred
Cut-off Tonnes Grade Tonnes Grade Tonnes Grade Gold
Ounces Tonnes Grade
Gold
Ounces
(g/t Au) (millions) (g/t Au) (millions) (g/t Au) (millions) (g/t Au) (000’s) (millions) (g/t Au) (000’s)
0.2 29.8 0.42 86.5 0.41 116.3 0.41 1,547 85.5 0.37 1,029
0.3 20.1 0.50 57.6 0.49 77.7 0.49 1,235 52.8 0.45 766
0.4 12.0 0.61 33.5 0.60 45.5 0.60 877 22.6 0.60 434
0.5 7.1 0.73 19.5 0.70 26.5 0.71 606 12.4 0.72 288
Crux Zone Resource Estimate
13
* See page 8 for NI 43-101 disclosure
Measured Indicated Measured and Indicated Inferred
Cut-off Tonnes Grade Tonnes Grade Tonnes Grade Gold
Ounces Tonnes Grade
Gold
Ounces (g/t Au) (millions) (g/t Au) (millions) (g/t Au) (millions) (g/t Au) (000’s) (millions) (g/t Au) (000’s)
0.2 12.8 0.45 41.3 0.40 54.1 0.41 712 38.2 0.36 440
0.3 8.8 0.54 26.5 0.48 35.3 0.49 560 19.6 0.46 292
0.4 5.5 0.66 13.9 0.60 19.4 0.62 383 9.8 0.59 184
0.5 3.4 0.79 7.6 0.73 10.9 0.75 262 5.0 0.73 116
* See page 8 for NI 43-101 disclosure
Pollux Zone Resource Estimate
14
* See page 8 for NI 43-101 disclosure
Measured Indicated Measured and Indicated Inferred
Cut-off Tonnes Grade Tonnes Grade Tonnes Grade Gold
Ounces Tonnes Grade
Gold
Ounces
(g/t Au) (millions) (g/t Au) (millions) (g/t Au) (millions) (g/t Au) (000’s) (millions) (g/t Au) (000’s)
0.2 4.3 0.37 14.1 0.37 18.4 0.37 221 62.4 0.34 679
0.3 2.7 0.46 8.3 0.46 11.0 0.46 162 28.8 0.44 409
0.4 1.3 0.60 3.9 0.58 5.2 0.59 97 13.9 0.55 244
0.5 0.7 0.73 2.2 0.69 2.9 0.70 65 7.0 0.65 145
* See page 8 for NI 43-101 disclosure
Amenable to Heap Leach Processing
Note: Metallurgical testing managed by AMTEL, London, Canada. Tests conducted by Kappes Cassidy and Associated, Nevada.
16
• Column tests achieve gold recoveries of approximately 80% (19 mm)
− Potential to further optimize gold recoveries
• Gold deposit has low levels of deleterious elements
− Very low copper and silver levels
• Coarse crush (100 mm) column achieved gold recoveries of 77%
• Low grade columns (0.2 – 0.3 g/t Au) achieve outstanding recoveries of 78 to 82%
Composite
Sample
Crush
Size
Head
Grade
Gold
Recovery
Consumables Sample
Weight NaCN Lime Cement
(P80 - mm) (g/t Au) (%) (kg/t) (kg/t) (kg/t) (kg)
Comp. 7 19 0.22 78 0.57 4.0 1.0 39.9
Comp. 4 19 0.28 80 0.82 2.5 1.0 39.9
Comp. 4 19 0.28 82 0.52 2.5 1.0 39.8
Comp. 5 19 0.51 86 0.74 2.0 1.0 39.9
Comp. 5 19 0.51 84 0.97 2.0 1.0 39.4
Comp. 6 19 0.58 80 0.44 6.5 1.0 39.8
Comp. 6 50 0.58 78 0.10 6.7 1.0 210.9
Comp. 6 100 0.58 77 0.09 6.6 1.0 580.0
Rapid Gold Recoveries Achieved
17
Sample Grade
Comp. 7 0.22 g/t Au
Comp. 4 0.28 g/t Au
Comp. 5 0.51 g/t Au
Comp. 6 0.58 g/t Au
50 mm Crush – 78%
100 mm Crush – 77%
19 mm Crush – 80%
~85% of extractable gold recovered within the first 20 days at a 19 mm crush
Days
% G
old
Ext
ract
ion
Crush Size has Minimal Impact on Recoveries
Attractive Capital Costs for Heap Leach Ops
Heap leach operations typically have low capital costs per tonne of capacity built
• average $6.6k / tpd of built capacity for heap leach oxide
• average $19.2k / tpd of built capacity for milling operations
Considering processing rate for Cerro Maricunga in the range of 60,000 tpd to 80,000 tpd
18
Cerro Quema
Pan
Shahuido
La India
Camino Rojo
Cerro Jumil
Amulsar
Spanish Mountain
Toroparu
Haile
Magino
Esaase
Rainy River
Eagle
Rosia Montana
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000
Cap
ital
Co
st /
tpd
Processing Rate (tpd)
Milling Projects
Heap Leach Projects
From Stonecap Securities Aug 17, 2012 Atacama Pacific Report
Mill
ing
Hea
p
Leac
h
Selected Oxide Gold Heap Leach Mines
*Indicated resources – 163.9 Mt @ 0.51 g/t Au &
*Inferred resources – 120.7 Mt @ 0.47 g/t Au.
See page 8 for NI 43-101 disclosure
19
Mines Gualcamayo1 La Arena El Castillo Maricunga1 Cerro Maricunga
Ownership Yamana Rio Alto Argonaut Kinross Atacama
Location Argentina Peru Mexico Chile Chile
Gold Oxide Reserves &
Resources (2011) 3.3 M oz Au (1.1 g/t Au) 1.5 M oz (0.46 g/t Au) 2.9 M oz (0.34 g/t Au) -
2.67 M oz Ind. (0.51 g/t Au)*
1.81 M oz Inf. (0.47 g/t Au)*
Sulphide Reserves 4.4 M oz (0.22 g/t Au)
4 B lb Cu (0.3 %) 1.5 M oz (0.30 g/t Au) 9.7 M oz (0.68 g/t Au) No Sulphide Mineralization
Grind Size 25 mm ROM ROM & 19 mm 12 mm 19 mm 100 mm
Gold Recovery 70% 80% 50% for ROM
70% for crushed 55%2 +81% 77%
Mining Rate (tpd ore) 29,000 24,000 30,000 40,000 projected 60,000 to 80,000
Strip Ratio (Waste:Ore) 3.4:1 (LOM) 1.47:1 2:1 0.9:1
PEA Study Underway
H1 2012 Gold Grade 0.88 g/t 1.21 g/t 0.38 g/t 0.66 g/t
Mining ($/t mined ) $1.22 $1.09
Mining ($t/ore mined) $5.86 $6.22 $2.54 $2.07
Processing ($/t processed) $2.47 $1.68 $2.60 $3.37
G&A ($/t processed) $1.00 $1.26 $0.23 $1.27
Total ($/t mined) $8.211 $9.16 $4.97 $6.711
Forecast 2012 Prod. 150,000 oz 200,000 oz 80,000 oz 250,000
H1 2012 Cash Cost (/oz) $491 $479 $635 $676
Note: Reserve / Resource figures from relevant Dec 2011 corporate documents. All technical / cost information, unless
otherwise noted, is from corporate Q2 2012 public disclosure.
1) Unit costs from most recent 43-101 Technical Report
2) 3 year average gold recovery calculated from Kinross reports
Value Creation Going Forward
• 20,000 m Phase IV drilling campaign has commenced
- Mainly focused on infill and geotechnical drilling
- 5,000 m dedicated to exploration
• Release Preliminary Economic Assessment in Jan 2013
- Defined process flow sheet
- Defined capital costs
• Further Optimize Gold Recovery
- Column test work continuing
- Will examine the potential for run of mine heap leach
• Outline Water Source
- Water exploration program as commenced
- Expand Exploration Activities
20
Atacama Pacific Gold Corporation 330 Bay Street, Suite 1210 Toronto, Ontario, M5H 2S8
Trading Symbol – ATM:TSXV
For further information visit www.atacamapacific.com
or email / call: Carl B. Hansen, President and CEO Email: [email protected] Phone: 416 861 8267