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Report about Petaquilla Minerals company and his work in Molecón (Republic of Panama).
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www.petaquilla.com
The statements contained in this presentation that are not purely historical are forward-‐looking statements.
Forward-‐looking statements may relate to the success of any of the Company's strategic initiatives, the
Company's expectations, beliefs, growth and future prospects, and the Company's position in the market and
future opportunities therein. Forward-‐looking statements may also include, without limitation, any express or
implied statement relating to future events, industry performance, general business and economic conditions
or circumstances, regulatory and legal requirements, and other matters, many of which are beyond the control
of the Company. Forward-‐looking statements involve risks and uncertainties, which could cause actual results
to differ materially from those projected. All forward-‐looking statements included in this presentation are
based upon information available to the Company as of the date hereof and the Company does not undertake
any obligations to update forward-‐looking statements should circumstances or management's beliefs or
opinions change.
Petaquilla Minerals Ltd.
FORWARD LOOKING STATEMENTS
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PROJECT LOCATION Republic of Panama
Population 3.36 Million Size 75,517 Sq. Km. Currency US Dollar GDP 2008 $42.5 Billion HDI 2007 0.84 (Ranked 58th) High International Business Centre! Fastest Growing Economy and Largest Per Capita Consumer in Central America!
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Oro del Norte Exploration
Inmet $4.2 Billion Investment
Molejon Gold Project
PETAQUILLA MINERALS LTD.
PETAQUILLA MINERALS, S.A. (Exploration Programs)
PETAQUILLA GOLD, S.A. (Gold Plant Operations)
PANAMA DEVELOPMENT OF INFRASTRUCTURE, S.A. (Infrastructure Activities)
PDI
CORPORATE STRUCTURE
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AZUERO MINING, S.A. (49% Ownership)
PETAQUILLA MINERALS (PTQ) VALUE DRIVERS
Current Gold Producer More than 8 Months of COMMERCIAL PRODUCTION
(January 8, 2010)
Panama Development of Infrastructure, Ltd. Spin-Out Work in progress.
Oro del Norte exploration program At present has 3 Rigs drilling on site
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Petaquilla Signs a $45MM Prepaid Forward Gold Purchase Agreement with Deutsche Bank.
The facility is a forward contract to deliver 68,243 ounces of Au over a five year term.
o562 ounces per month the first 8 months
o1,125 ounces per month the following 11 months
o1,503 ounces per month the following 24 months
o900 ounces per month the last 17 months
PTQ FINANCIAL UPDATE (News Release August 19, 2010)
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As at August 10, 2010:
ISSUED AND OUTSTANDING 125,281,951
WARRANTS OUTSTANDING 34,888,447
OPTIONS OUTSTANDING 8,224,370
FULLY DILUTED 168,394,768
SHARE & FINANCIAL STRUCTURE
Market Cap $62.64M
No. of Warrants Exercise Price
23,363,800 $ 0.65
2,100,042 $ 0.85
9,424,605 $ 1.54
BOD & Management Controls Approximately 11 % of the Shares
Share Price Recorded August 19, 2010, at $0.50 TSX
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Debt Note Value & Maturity Date:
May 21, 20111 -‐ $20,252,641.95
July 9, 20111 -‐ $11,508,506.38
March 25, 20122 -‐ $44,000,000.00
1. Callable for repayment with a 6 months notice.
2. Callable by September 2010 with the 6 months notice.
Richard Fifer (Director & Non Executive Chairman Panama)
-‐ BS Geological Engineering, MA International Finance -‐ Founder of the Petaquilla Project -‐ Former President of the Panamanian State mining company, CODEMIN
-‐ Former Governor of the Province of Cocle, Panama Raul Ferrer (Director Panama) -‐ Business Financial Advisor -‐ Former Financial Investment Director with Wall Street Securities (Panama)
David Kaplan (Director USA) -‐ President of Physical Commodity Merchants LLC -‐ Former Portfolio Manager at LIM Advisors LLC -‐ Former VP of Gerald Metals, Inc. -‐ Former Financial Analyst/Trader with Glencore Ltd. -‐ Graduate of the Wharton School (University of Pennsylvania)
DIRECTORS AND OFFICERS David Levy (Director & Corporate Secretary -‐ USA) -‐ Member of the Private Placement Group at Platinum Management (NY) LLC
-‐ Specializes in structuring and negotiating financings at all levels of the capital structure
-‐ Graduate with Honors from Sy Syms School of Business (Yeshiva University)
Joao Manuel President & CEO (Portugal) -‐ Former COO of Petaquilla Minerals Ltd. -‐ Former CFO of Petaquilla Copper Ltd. -‐ Over 20 years management experience in large multinational corporations worldwide, including GE, ITT, Nokia.
Julie van Baarsen CFO (Canada) -‐ Charted Accountant -‐ Bachelor of Business Administration -‐ Experienced in both private and public company (TSX, TSX Venture, NASDAQ) sectors
-‐ Former Audit Manager of Grant Thornton LLP
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PETAQUILLA MINE PERMITING AND PRODUCTION UPDATE
First pour April 7, 2009: As a result of testing the gold room recovery processes July 16, 2009 The Company announced it has produced approximately 9,525 ounces of gold and 3,195 ounces of silver. November 18, 2009 Public Announcement that the Government of Panama had approved
January 11, 2010 The company announces it has reach commercial production stage on January 8, 2010. Current Production Since commercial production commenced on January 8, 2010, it has been producing gold at a running rate of approximately 6,000 ounces of gold per month.
GOLD PRODUCTION
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FIRST GOLD POUR
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Processed Ore
Average Ore Tonnes
Daily 3,099.75
Monthly 94,284.00
Average per Year (First 3 years)
Total Ore 1,131,408 Tonnes
Total Au Ounces Recovered 100,804.3
Average mine life
90.21% Au Recovery
2.8 g/t Au Average Grade
GOLD PRODUCTION (Corporate Base Case)
100,000 oz. Annual Gold Producer is Just the Beginning
Completion of 2,200 TPD CIP Currently in commercial production
Commenced commercial production in 2010 establishing est. 100,000 oz annual gold production
Aggressively explore the 842 sq. km Petaquilla Mining Concessions
Available expansion of 2,200 TPD operation to 5,000 TPD on existing foundations
Operation in politically stable Panama a USD based economy
Potential Acquisitions of known gold deposits in Panama 11
Gold production Q3 2010 Increased by 31% (3,274 oz) from Q2 2010.
Q3 Cash Cost Reduced to $637.00 per ounce As a result of production increase and reductions in
operating costs, down 33.6% from $960.00 per ounce in Q2 2010.
Gross Margin from the sale of Gold in Q3 2010 amounted to $4.7 MM.
Administrative and other expenses for the nine months ended February 2010 were reduced by
US$3.6MM or 26% to US$10.3 MM compared to US$13.9 MM for the nine months ended
February 2009.
The company is also pleased to announce that it has poured approximately 6,500 oz of gold
during the initial four pours of the current month of April and, as a result, is targeting cash costs
in the mid-‐US$500.00 per ounce range for the month.
Petaquilla initiated the construction of an on-‐site heap leach test facility. The company anticipates
the heap leach operation will generate an additional 50,000 oz of gold annually.
GOLD PRODUCTION UPDATE (News Release April 27, 2010)
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Site Road
Mole jon 2,200 C IP Plant
Mole jon Open Pit
Mole jon Camp
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Ball Mills
Refinery
CIP Tanks
Leaching Tanks Power
Generators
MOLEJON GOLD PLANT
Contingency Pond
D-Tox
Secondary & Tertiary Crusher
Thickener
Water Tanks
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Process re-design leading to increase production throughput
Heap Leaching Strategy:
Completed first phase of heap leaching test pads
Entering construction of heap leach pad test facility for a purpose of quantifying how
much additional gold can be extracted from ore with grades in the 0.2 and 0.9 g/t Au.
By the third quarter of the 2010 calendar year, the objective is to complete heap leach
testing with the first phase of implementation of commercial leaching beginning in the
quarter thereafter.
Expand to a 5,000 TPD operation
GENERAL OBJECTIVES FOR 2010
Gold Production Optimization Plan
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ENVIRONMENTAL COMMITMENT
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Main Environmental Activities
Re-vegetation, Reforestation and Ornament Preservation of the Grounds and Erosion Control Hydrology, Protection of Sources and Sedimentation Control Handling of Solid Wastes and Recycling Environmental Training
ENVIRONMENTAL COMMITMENT
1. Quality of Air, Soils and Water 2. Waste Management Plan 3. Certifications (ISO 14001 & OHSAS 18001) 4. Environmental Emergencies Plan 5. Development of Environmental Permits for Various Projects 6. Environmental Training 7. Technical Assistance from Third Parties for Monitoring of Environmental
Quality and ISO Standards Certification
ENVIRONMENTAL MANAGEMENT PLAN 2010
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PETAQUILLA MINERALS, S.A. EXPLORATION
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PRIMARY EXPLORATION TARGETS
1. Oro Del Norte Prospect
2. Rio Caimito Prospect
3. Santa Lucia Prospect
4. Bellencillo Prospect
5. Pifacito Prospect
6. Rio Hoja Prospect
Current Exploration (Oro del Norte)
New Exploration Targets with Historical Information
Molejon Gold Proyect
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PRIMARY EXPLORATION TARGETS
Oro Del Norte Prospect Rock chip anomalies
(up to 287g/t Au) Stream sediment sample anomalies
(up to 45.75g/t Au) Soil sample anomalies
(up to 7.8g/t Au)
Oro Del Norte Prospect
MOLEJON Santa Lucia
Prospect
Santa Lucia & Rio Caimito Prospects
Will commence Phase I in the 2nd Quarter at the Santa Lucia and Rio Caimito Prospects Work to include:
- mapping and rock chip sampling - geochemical soil sampling
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ORO DEL NORTE PROSPECT
Work program
Phase 1:
Construction of field camp Completed
Exploration environmental impact study Completed
Re-sampling to verify original auger anomaly Completed
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5 Km2
5 Km2
ORO DEL NORTE PROSPECT Phase 2: Detailed geological/structural mapping
Commenced Detailed geochemical sampling (hand auger
and rock-chip sampling) Commenced
Geochemical trenching program Commenced Definition of Stage 1 drill targets Completed
5 Km2
ORO DEL NORTE PROSPECT
Phase 3: Complete 5000m HQ3 Diamond Drilling
Program Stage 1
Ongoing detailed geological/structural mapping within the Oro del Norte Mineralized Corridor
Ongoing geochemical sampling
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Approved by Board of Directors
intends to distribute to its shareholders one (1) share of
for each four (4) shares of PTQ held on
the record date for the distribution.
Distribution of PDI will be effected by way of a Plan of Arrangement or some other tax-‐
efficient mechanism. Transaction is subject to all requisite shareholder and regulatory
approvals.
SPIN-OUT OF PANAMA DEVELOPMENT OF INFRASTRUCTURE LTD.
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Management team
Joao C. Manuel
Richard Fifer Non Executive Chairman of the Board Joao C. Manuel President and CEO- Petaquilla Minerals Ltd. Antonio Renom General Manager- PDI COO - PDI Jose Luis Dieguez Head of Business Development James Cobbett Head of Mining Services Jose G. Carrizo Head of Energy
Antonio Renom
Jose Luis Dieguez Being previously a Business Associate at Coram Clairfield Partners (Spain) Mr. Dieguez has been involved in several national and cross-border M&A transactions. Jose Luis is an Engineer in Telecom. and Master in Corp Fin & Law from ESADE.Heis a diplomat (with honors) inBAat UC Berkeley.
A former Green Beret, Mr. Renom has extensive experience in both PE and M&A where has been involved in major transactions in the renewable energy, Power & Utilities and Infrastructure sectors. Mr. Renom has an MBA (with honors) at IE Business School and a MBT in Finance at UC Berkeley.
James S. Cobbett Jose G. Carrizo Jose has over 7 years of experience in the energy sector and has worked at Cummins, Inc. in Indiana, USA. Mr. Carrizo graduated with honors from the University of Texas at Austin as a BS in Mechanical Engineering. He also has a MBA from the Kelley School at Indiana University.
Mr. Manuel is the current CEO of Petaquilla Minerals. Former CFO & Deputy CEO of the Inapa Group Mr. Manuel has over 20 years management experience in large multinational corporations worldwide, including PWC, GE, ITT and Nokia. Mr. Manuel has a Bsc in Economics at ISCEF of Lisboa and a Msc. In Mngt at Boston University.
A former CEMEX manager Mr. Cobbet has a wide experience in the mining sector and has being involved in the development of Panama Mining sector since 1997. A fellow graduate in Mining Engineer at the University of Nottingham,james has a Msc. in Engineering Mngnt.at Univ. of Louisville.
Richard Fifer Former president and CEO of Petaquilla Minerals Ltd. Mr Fifer has been involved in the Petaquilla Mining District since its inception. Mr. Fifer has a wide management experience in global companies such as Texaco and Landmark and has been also Advisor of National Security to the President of Panama and Governor of Cocle.
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What is PDI?
Panama Development of Infrastructures (PDI) is the result of Petaquilla Minerals (PTQ.TX) experience in the development of the Panama Mining district at Cerro Petaquilla.
PDI has acquired a wide experience in the mining infrastructure services after being responsible for the construction and development of Gold mine plant as well as all the civil infrastructure development associated with the project (aka. Roads, hospitals, energy transmission, etc).
After a restructuration and addition of world class professionals, PDI is ready and focused in achieve a fully develop portfolio of projects in the Mining Services, Energy and Construction sectors.
main goal is to be the key player in the currently booming demand of Mining & Infrastructure Services in Panama as well as in the Caribbean region
PDI Mining services district New mining legislation to attract significant foreign investment. Petaquilla Mining District has the potential to position Panama as Latin next major mining region.
Toronto Stock Exchange listed PTQ, Inmet Mining Corporation, Bellhaven Copper & Gold, Inc., Tech Resources Limited and Tiomin Resources Inc.
International mining companies, eager to take advantage of record commodity prices. Continued global tightness of supply. Growing demand from the rapidly industrializing Chinese economy,
3rd largest copper deposit in the world. Located approximately 120 km west of Panama City, in the Colon province. Over the next 5 years, this remote and underexploited district will undergo a period of rapid, large-scale mining development that is creating unprecedented demand for regional infrastructure.
Positioned as the earliest entrant in emerging mining services sector with the successful construction and commissioning of mine.
sector:
Growth drivers:
Petaquilla Concession:
Current players:
PDI advantage:
Mining Services Energy Construction
PDI provides a wide range of Mining Services from Exploration & Development to Operational phases. Amongst other services, PDI offers:
Major earth movements Aggregate Mining & Sales Heavy Equipment Fleet Management Mining and Blasting Mine & Civil Construction Environmental Programs Campsite Services & Logistics Drilling and topography programs Permits and certification programs management
PDI has been responsible in the construction of roads, hospitals, schools, transmission lines, a mining processing plant and other facilities related with mining operations.
PDI is progressively entering into strategic agreements with major foreign companies in the Caribbean area to became the local key player in the region.
PDI is in negotiations to start producing construction materials as well as aggregates.
PDI is gradually entering in the development, construction and operation of renewable energy projects in Central America.
Due to the growing demand for energy in the area PDI its leveraging on its experience to fully develop a portfolio of renewable energy MW.
goal is to became an integrated local company in generation, transportation and distribution of energy for industrial partners in the region.
PDI Business activities
PDI Future Strategy ST
Spin off Capital raising
Selected acquisitions
MT Strategic
partnerships Commercial agreements
Biddings proceses
LT
IPO M&A
Promoting a Sustainable
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Main Social Programs Carried Out
Communitarian Organization Health Education Healthy Food (Warm Meals) Sports Child Sponsorship Production Modules
COMMUNITY PROGRAMS
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PTQ 2010 KEY PRIORITIES
Develop existing resources at the Molejon Gold Project into expanding current
reserves from 535,000 oz at 1.0 g/t Au cutoff to approximately 1.2 million oz at 0.3
g/t Au cutoff
Expand production from an average of 2,200 TPD to 5,000 TPD
Accumulate cash and take advantage of market opportunities for gold reserve
expansion through acquisitions
36
PTQ VALUE DRIVERS FOR SHAREHOLDERS
Panama Development of Infrastructure Ltd. (PQI) Spin-Out Commercial Production Approved by Panamanian Government! Annual production estimated to be 100,000 ounces of gold
PTQ will aggressively explore and drill the many known targets on the world
class Petaquilla Mining Concession
Phase 1 of 2,200 TPD now complete with possible expansion to 5,000 TPD
from existing foundations already engineered
Operation in USD based and politically stable Panama
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410 - 475 West Georgia Street Vancouver, B.C. Canada V6B 4M9 Telephone: +(604) 694-0021 Facsimile: +(604) 694-0063 Toll Free: (1)(877) 694-0021 Website: www.petaquilla.com Email: [email protected]