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Batero-Quinchia Gold Project CORPORATE PRESENTATION – JANUARY 2013
A better way.
TSX-V: BAT BATEROGOLD.COM | EXPLOREBATERO.COM
CORPORATE PRESENTATION - JANUARY 2013
This presentation is for information purposes only and
does not constitute an offer to sell or a solicitation to buy
the securities referred to herein.
This document includes forward looking statements.
Forward looking statements inherently involve subjective
judgment and analysis and are subject to significant
uncertainties, risks and contingencies, many of which are
outside of the control of, and may be unknown to, the
company. Actual results and developments may vary
materially from those expressed in these materials. The
types of uncertainties which are relevant to the company
may include, but are not limited to, commodity prices,
unpredictable results of exploration, uncertainties inherent
in the estimation of mineral resources, fluctuations in the
costs of goods and services, problems associated with
exploration and mining operations, political uncertainty,
changes to the regulatory framework which applies to the
business of the company and general economic
conditions.
Given these uncertainties, readers are cautioned not to
place undue reliance on such forward looking statements.
Forward looking statements in these materials speak only
at the date of issue. Subject to any continuing obligations
under applicable law or any relevant stock exchange listing
rules, the company does not in providing this information
undertake any obligation to publicly update or revise any of
the forward looking statements or any change in events,
conditions or circumstances on which any such statement
is based.
A feasibility study has not been completed for any
project discussed in this presentation and there is no
certainty the disclosed targets will be reached nor that
the proposed operations will be economically
viable. Darryl Lindsay, Senior Vice President and
Chief Operating Officer at Batero Gold, is a qualified
person under NI 43-101, and has reviewed and
approved the technical disclosure contained in this
presentation.
The Mineral Resource estimate in this presentation was
prepared by or under the supervision of Mr. Paul Chamois,
M.Sc. (Applied), P.Geo. and Mr. Luke Evans, M. Sc.,
P.Eng., of Roscoe Postle Associates Inc., who are
independent "Qualified Persons" under National
Instrument 43-101 Standards of Disclosure for Mineral
Projects ("NI 43-101"). The Batero-Quinchia Project
Technical Report (NI 43-101) is dated February 24, 2012,
amended April 19, 2012.
DISCLAIMER
2
CORPORATE PRESENTATION - JANUARY 2013
• 100% interest in the Batero-
Quinchia Project in Colombia, no
NSR or streaming agreements
• Evaluating a mine development
plan for the higher grade oxidized
gold mineralization at Batero-
Quinchia’s La Cumbre deposit
• Definitive strategic alliance
agreement with Consorcio Minero
Horizonte (“Horizonte”) provides
both financial and operational
benefits
• $20 million financing at a 47%
premium to market completed
January 2013
• Strong community support
3
BATERO-QUINCHIA PROJECT
MARMATO
(Gran Colombia)
LA COLOSA
(Anglogold Ashanti)
TITIRIBI
(Sunward)
LA BODEGA / LA
MASCOTA
(AUX Canada Acquisition)
ANGOSTURA
(Eco Oro)
BURITICA
(Continental Gold)
CORPORATE PRESENTATION - JANUARY 2013
• Batero owns 100% of the surface land
rights over the La Cumbre deposit
• In the Department of Risaralda:
• 190km northwest of Bogotá
• 55km north of Matecana
International Airport in Pereira
• On Mid-Cauca Belt and Cauca-
Romeral regional fault systems
• 1,407 hectares
• 1,600m to 1,950m elevation, below
Colombia’s high altitude Paramo zone
• Established and accessible
infrastructure including:
• All season roads with access from
the Pan-American highway
• Power from regional power grid
• Cauca River nearby
4
LOCATION AND ACCESS
CORPORATE PRESENTATION - JANUARY 2013 5
EXPERIENCED LEADERSHIP
Brandon Rook – B.Sc., B.A. PRESIDENT, CEO
• 20+ years experience as a geologist, project manager, and entrepreneur
• 15 years experience in exploration, corporate management, and corporate development
Darryl Lindsay – Ph.D., P.Geo. SENIOR VICE PRESIDENT, COO
• 20+ years experience as an exploration geologist and project manager for major mineral
development projects across South America, overseeing these projects from inception to
feasibility
• Consulting roles at SRK Consulting, CODELCO, Corriente Resources, and the Geological Survey
of Canada
Darren Tindale CFO
• 15 years of accounting experience in both private and public practice, including multiple CFO
roles
Nick Demare CORPORATE SECRETARY
• Chartered accountant and President of Chase Management Inc.
• Serves as Corporate Secretary for multiple private and public companies
EXECUTIVE TEAM
Juan David Uribe, LLB
• Senior Partner at Uribe Trias Valencia S.A.S, specializing in natural resources and corporate law
• Previously served as Corporate Counsel for TVX Colombia, Newcrest, Hewlett Packard, and
Agilent Technologies
• Former Board Member of QBE Insurance Company and Senior Credit VP of Banco Latino,
Colombia
Félix Navarro-Grau Hurtado,
B.Sc.
• 15+ years mining industry experience
• General Manager of Desafio Minero S.A.C., a Horizonte affiliate, since 2010
• Responsible for overseeing the development of Horizonte’s mining business
Ernesto Bendezú Flores, LLB • Qualified lawyer in Peru with 20+ years mining industry experience
• Legal Manager for Horizonte since 1998
Brandon Rook
Darryl Lindsay
BOARD OF DIRECTORS
CORPORATE PRESENTATION - JANUARY 2013
Common Shares Outstanding 90,381,794
Options Outstanding 3,071,000
Warrants Outstanding 12,794,866*
Fully Diluted
106,247,660
Cash ~ $17 million
Colombian Ownership ~ 15%
Insider Ownership ~ 50%
6
*Including:
1.932,000 warrants at $ 2.45 until November 24, 2013
4,857,350 warrants at $ 0.90 until April 26, 2014
470,736 warrants at $ 0.65 until April 26, 2014
534,780 warrants at $ 0.65 until December 13, 2014
5,000,000 warrants at $ 0.90 until January 4, 2016
SHARE STRUCTURE AND OWNERSHIP
AS AT JANUARY 5, 2013
Analyst Coverage
CORPORATE PRESENTATION - JANUARY 2013
7
• Strategic alliance with Consorcio Minero Horizonte, an established private mining
company with significant gold production in Peru
• Horizonte produced than more than 200,000 ounces of gold in 2012
• Horizonte operates from 3 distinct mines including underground and open pit operations
• Strategic alliance through equity investment in Batero
• The benefit of Horizonte’s operational expertise reduces development risk
• The alliance provides financing for Batero to complete a technical study compliant
with Colombian legislation for production and continue to advance exploration on
the Batero-Quinchia project
• Batero retains 100% interest in Batero-Quinchia gold project
• No NSR or back in rights
• As a shareholder, Horizonte’s intention is to maximize its return on investment
INVESTING IN AN ALLIANCE
CORPORATE PRESENTATION - JANUARY 2013
• Strategic mining partner provides capital and reduces development risk
as Batero advances La Cumbre towards a development decision
• Technical study compliant with Colombian legislation for production
expected during the first half of 2014
• Exploitation permitting expected in line with EIA approval
• Development decision on approval of EIA
• Advance exploration program based on 2012 field exploration
8
PLAN FOR PROJECT DEVELOPMENT
CORPORATE PRESENTATION - JANUARY 2013 9
OWNERSHIP AND RESPONSIBILITY IN COLOMBIA
• Working with local
community while
exploring and
developing project
• Robust Corporate
Shared Value programs
and relations in the
communities including
innovative “Farms with
a Future” program
9 CORPORATE PRESENTATION - JANUARY 2013
CORPORATE PRESENTATION - JANUARY 2013
10
For resource estimate details, see NI 43-101 Technical Report dated February
24, 2012 and amended April 19, 2012.
INITIAL MINERAL RESOURCE ESTIMATE
Cut-Off Grade Resource
Category
Tonnes
(000s)
Gold
(g/t)
Silver
(g/t)
Copper
(%)
Contained Gold
( oz )
0.16 g/t Au INDICATED 15,400 0.56 1.73 0.08 275,000
INFERRED 6,700 0.37 1.66 0.05 81,000
La Cumbre Porphyry Deposit - Preliminary Oxide Resource Potential
Cut-Off Grade Resource
Category
Tonnes
(000s)
Gold
(g/t)
Silver
(g/t)
Copper
(%)
Contained Gold
( oz )
0.50 g/t Au INDICATED 64,000 0.73 1.91 0.12 1,499,000
INFERRED 18,000 0.67 1.69 0.06 390,000
0.30 g/t Au INDICATED 131,000 0.56 1.70 0.10 2,343,000
INFERRED 39,000 0.52 1.54 0.06 662,000
La Cumbre Porphyry Deposit
CORPORATE PRESENTATION - JANUARY 2013
~1 KM
~2
KM
11
• Large continuous zones of higher
grade gold mineralization near and at
surface
• Focus on >0.7 g/t oxidized
mineralization at La Cumbre, one of
three identified porphyry deposits
• Oxide Zone mineralization at surface
to a depth of up to 70 m. Initial
recoveries 90% to 94% (bottle roll)
• Underlying Transition Zone (of low
sulphur content) over a vertical
distance of 150 m to 250 m. Initial
recoveries 82% to 86% (bottle roll)
• Topography and location of
mineralization may support a low strip
ratio
OXIDIZED GOLD MINERALIZATION AT LA CUMBRE
Gold Blocks pictured represent results of 2012 NI 43-101 Resource Estimate, and have not been updated to reflect subsequent drill results.
CORPORATE PRESENTATION - JANUARY 2013
12
HIGHER GRADES NEAR SURFACE LONG SECTION A-A’
Gold Blocks pictured represent results of 2012 NI 43-101 Resource Estimate, and have not been updated to reflect subsequent drill results. For histograms of 2012 drill results, see Slide 23.
CORPORATE PRESENTATION - JANUARY 2013
LC 036
96.60 m grading 1.14g/t Au
From 3.4 m below surface
13
A’
A
Interval length represents down hole length
All drill locations and section lines approximate
LC008
344.40m grading 0.81 g/t Au
Including:
146.40m grading 1.20 g/t Au
From 5.60m below surface
LC 023
354.09m grading 0.75 g/t Au
Including:
118.00m grading 1.22 g/t Au
From 3m below surface
LC006
203.02m grading 0.69 g/t Au
Including:
110.32m grading 0.91 g/t Au
From surface
LC012
113.00m grading 0.74 g/t Au
Including:
43.00m grading 0.94 g/t Au
From surface
LC017
296.00m grading 0.72 g/t Au
Including:
50.00m grading 1.18 g/t Au
From 6.0 m below surface
LC 037
97.40 m grading 1.00 g/t Au
From 2.6 m below surface
LC 039
116.95 m grading 0.91 g/t Au
From 3.15m below surface
2011 Results
2012 Results
LONG SECTION A-A’ ~1.0 G/T GOLD INTERCEPTS
LC 070
143.50 m grading 1.36 g/t Au
From 6.5 m below surface
LC 036
96.60 m grading 1.14 g/t Au
From 3.4 m below surface
LC 057
96.00 m grading 1.20 g/t Au
From 4.0 m below surface
CORPORATE PRESENTATION - JANUARY 2013 14
• 93% and 94%
recoveries in oxide
zone from 2012
metallurgical testing
(bottle roll)
• 82% to 86%
recoveries in
transition zone from
2012 testing (bottle
roll)
• Up to 90% in oxide
zone from 2011
testing (bottle roll)
• Column leach
testing started in
late 2012
INITIAL METALLURGICAL TESTING AT LA CUMBRE
CORPORATE PRESENTATION - JANUARY 2013
15
CROSS SECTION B-B’
HIGHER GRADES NEAR SURFACE
>200m width of continuous gold mineralization from near surface
CORPORATE PRESENTATION - JANUARY 2013
2.8km
Dos Quebradas
El Centro
La
Cumbre
Regional aeromagnetometry survey: RTP
Seafield - Miraflores Deposit
Seafield - Dos Quebradas Deposit
Current Limit
of Batero
Drilling
16
• Multiple occurrences of near and
at surface higher grade gold
mineralization continue to be
investigated as part of the
potential future staged
developments
• 2012 field exploration program
defined 4 high priority drill targets
for 2013 exploration program
• Over 70% of project remains
untested:
• Historic tunnels and
epithermal mineralization
have been discovered
• Gold soil anomalies extend
beyond La Cumbre to the
southwest and northeast
• Geophysical anomalies are
present throughout the
project area
UNEXPLORED POTENTIAL – 2013 EXPLORATION
CORPORATE PRESENTATION - JANUARY 2013
17 CORPORATE PRESENTATION - JANUARY 2013
INVESTMENT HIGHLIGHTS
Scratching the surface Over 70% of the Batero-Quinchia Project remains unexplored
Concentrated on quality ounces Focused on at or near surface higher grade oxidized gold mineralization
Proven leadership Experienced management team supported by a beneficial strategic alliance
Financially prepared Fully funded through to a development decision
CORPORATE PRESENTATION - JANUARY 2013 18
APPENDICES
CORPORATE PRESENTATION - JANUARY 2013
19
APPENDIX A: HIGHER GRADES NEAR SURFACE LONG SECTION A-A’ INCLUDING RESULTS FROM 2012 DRILL PROGRAM
>2
00
m D
ep
th
~600m length of continuous gold mineralization from near surface
CORPORATE PRESENTATION - JANUARY 2013
QAP011
154.50 m grading
0.80 g/t Au
Including
81.50 m grading
1.00 g/t Au
From 7.50 m down
hole
LC008
146.40 m grading 1.20 g/t Au
From 5.60 m down hole
LC001
107.89 m grading
0.93 g/t Au
From 18.28 m down
hole
20
QAP034
31.30 m grading 2.85 g/t Au
From 9.70 m down hole
MZ006
31.00 m grading 1.14 g/t Au
From 22.00 m down hole
LC003
2.00 m grading 43.40 g/t Au
From 28.00 m down hole
LC023
118.00 m grading 1.22g/t Au
From 3.00 m down hole
QAP008
178.20 m grading
1.00 g/t Au
From 8.00 m down hole
QAP016
138.00 m grading
1.00. g/t Au
From 14.00 m down hole
QAP013
135.70 m grading
1.00 g/t Au
From 10.00 m down hole
QAP009
213.70 m grading
1.11 g/t Au
From 10.00 m down hole
All interval lengths
represent down
hole length
LC039 LC037
LC036
LC017
50.00 m grading 1.18 g/t Au
From 6.00 m down hole
LC039
166.95 m grading
0.91 g/t Au
From 3.15 m down
hole
LC037
97.40 m grading
1.00 g/t Au
From 2.60 m down
hole 2011 Results
2012 Results
FROM NEAR SURFACE INTERVALS ~1.0 G/T GOLD
APPENDIX B: DRILL HOLES
LC036
96.60 m grading
1.14 g/t Au
From 3.40 m down
hole
CORPORATE PRESENTATION - JANUARY 2013
CROSS SECTION C-C’
21
APPENDIX C: HIGHER GRADES NEAR SURFACE
>2
00
m D
ep
th
>250m width of continuous gold mineralization from near surface
CORPORATE PRESENTATION - JANUARY 2013
Legal Counsel – Canada
McMillan 1500 Royal Centre P.O. Box 11117
1055 West Georgia Street
Vancouver, British Columbia V6E 4N7
Telephone: (604) 689-9111
Legal Counsel – Colombia
Suarez Zapata Partners Calle 87 No. 10-93, Suite 302
Bogota D.C.
Colombia
Telephone: (571) 7431005
Auditor
Davidson and Company LLP 1200 - 609 Granville Street
P.O. Box 10372, Pacific Centre
Vancouver, British Columbia V7Y 1G6
Telephone: (604) 687-0947
Investor Relations
3703 – 1011 West Cordova St.
Vancouver B.C V6C 0B2
Tel: 604.568.6378
Fax: 604.568.6834
Resources
www.baterogold.com
www.explorebatero.com
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