corporate presentation - · pdf filelondon; advised on $20 billion of completed transactions...
TRANSCRIPT
Corporate Presentation
July 2013TSXV: MTH
2
Disclaimer
Investors are cautioned that, except for statements of historical fact, certain information
contained in this document includes forward-looking information. Such information is based on
current expectations, estimates and projections formulated using assumptions believed to be
reasonable and involving a number of risks and uncertainties which could cause actual results to
differ materially from those anticipated. Such factors include, without limitation, fluctuations in
foreign exchange markets, the price of commodities in both the cash market and futures market,
changes in legislation, taxation, controls and regulations of national and local governments and
political and economic developments in Canada and other countries where the Mammoth
Resources Corp. carries out or may carry out business in the future, the availability of future
business opportunities and the ability to successfully integrate acquisitions or operational
difficulties related to technical activities of mining and reclamation, the speculative nature of
exploration and development of mineral deposits located, including risks in obtaining necessary
licenses and permits, adverse changes in credit ratings, and the challenge of title. Mammoth
Resources Corp. does not undertake an obligation to update publicly or revise any forward-
looking statements or information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws.
3
The Company
Mammoth Resources Corp. (TSX-V: MTH) is a precious metal exploration company focused on exploring highly prospective properties in Mexico and other attractive mining friendly jurisdictions in the Americas.
The company was founded in January 2011 and listed on the TSX-V in May 2011 as a CPC
Qualifying transaction December 2011, the company has a single highly prospective property at Tenoriba, southwestern Chihuahua State, Mexico
Tenoriba Property optioned in June 2012
– ~$2.0 million of recent exploration work, including 15 diamond drill holes
– Began field work in October 2012, excellent results have been reported over a 15 sq km area
4
Corporate Overview
Good capital structure with only 16.0 M shares o/s
Geologically attractive properties that have
undergone minor amounts of exploration, acquired
under attractive option terms
Precious metal focus with goal to develop a near-term
resource base of ~1 million ounces gold equivalent through
exploration, merger or acquisition
CAPITAL
STRUCTURE
PROJECTS
COMMODITY
FOCUS
TEAM Knowledgeable and highly experienced management
and board of directors
5
Management Team
Thomas AtkinsChairman and CEO
• Geologist, MBA, 28 years industry experience.
• Experience as exploration geologist, investment banker,
corporate development and investor relations
executive for several large cap international mining cos.
• Former CEO of Crowflight Minerals and Castle Gold
Richard Simpson, BSc.GeoVP, Exploration
• Over 20 years experience working as project geologist
and in mineral project evaluation for mining companies
throughout the Americas
• Fluent French, English and Spanish
Errol FarrCFO
• Certified Management Accountant with 15 years senior
executive or director experience.
Former President and CEO, and former CFO of Adex
Mining Inc.,
• Former CFO of MagIndustries Corp.
Management and directors with over 150 years of cumulative industry experience
6
Directors
Nigel Kirkwood, CADirector
• Former investment banking M&A Director at Citigroup,
London; advised on $20 billion of completed transactions
• CFO and Director of TSXV exploration mining companies
John D. McBride Director
• Founder or Co-Founder of numerous merchant bank
investment firms
• ICD.D corporate director, Rotman Business School,
• Director in several private and public companies
• Founder and Principal of Ascenta Finance Corp.; has
participated in raising over $100M for resource companies;
• Director of various TSXV exploration mining companies
Marshall Farris Director
David WileyDirector
• President and CEO of Nighthawk Gold Corp. (TSX-V) and
Touchstone Resources (AIM)
• Co-founded and former President and CEO of Phoenix
Coal.
• Founder, President and CIO NYC based fund of private
companies and publicly traded securities.
Guy Le BelDirector
• P. Eng with 25 years mining industry experience.
• Various roles in mineral company strategic planning and
business development and engineering consultancy
7
Share Structure
Issued and Outstanding 16,135,000
Warrants / Compensation Options
December 22, 2013 @ $0.25 300,000
December 22, 2013 @ $0.40 3,000,000
Options
May 12, 2016 @ $0.10 590,000
December 22, 2016 @ $0.10 100,000
April 1, 2017 @$0.10 450,000
June 30, 2017 @ $0.10 470,000
Fully Diluted as at June 30, 2012 21,045,000
Maximum shares issuable for 100% of Tenoriba concessions 900,000
Fully Diluted 21,945,000
Working capital of $230,000 as at Dec. 31, 2012
8
Properties Located within a Prolific Belt
Sierra Madre Gold Belt(>40 M oz Au, 2 B oz Ag - 80 M oz Au Eq)
Recent (past 15 yrs or less) major
projects = 23 M oz Au / 964 M oz Ag
• Dolores - Pan American Silver Corp
• Mulatos – Alamos Gold
• Pinos Altos – Agnico Eagle
• Ocampo - Aurico Gold
• Monterde – Kimber Resources
• San Miguel – Paramount Gold Corp.
• El Sauzal – Goldcorp
• Palmarejo - Coeur D´Alene Mines Corp.
• Alamo Dorado – Pan American Silver Corp
• Guanacevi – Endeavour Silver
• Topia – Great Panther
• La Cienega – Fresnillo PLC
Sierra Madre
Gold Belt
9
Tenoriba Project Overview
• Option to earn 100% of 3 contiguous concessions, covering 8,100 ha.
• Terms - $160,000 in cash, 950,000 MTH shares & $1.0M expenditures over 4 yr. period plus 2% NSR (can be purchased for $1.5M)
• An estimated $2.0 M was spent on the property during 2007-2008 by Masuparia Gold Corp.
� Exploration included 2,566 m of drilling in 15 holes with 10 of 15 holes reporting attractive gold values
10
Tenoriba - Highlights
� LOCATION - Located in the prolific Sierra Madre precious metal belt
� SIZE - 8,100 ha property with highly anomalous gold and silver mineralization occurring over a 15 sq km area
� GEOLOGY – Surface mapping has identified numerous characteristics indicative of a high-sulphidation precious metal setting� Vuggy silica
� High grade gold with silver, but minus base metals
� Alteration clay minerals
� FREE GOLD - Gold may be “free” (outside or within fractures on sulphide grains) indicating that the mineral resources could be amenable to low cost heap leach extraction
� TOPOGRAPHY - Deposit occurs on a hill which could make open pit mining very attractive with a low waste to ore ratio
� INFRASTRUCTURE – power, water, villages, roads, airstrip all within close proximity of the project
11
Tenoriba - Historic Exploration
• All core from the 15 diamond drill holes is available at the on-site exploration camp.
• 2,586 geochemical soil and rock chip samples collected
Drill Hole Number
From To Interval Length
Gold (Fire Assay)
(metres) (metres) (metres) (gpt)
TDH-01 3.50 14.70 11.20 0.54
TDH-07 35.00 51.00 16.00 0.49
61.00 64.70 3.70 5.33
(including) 62.80 64.70 1.90 45.90
120.50 132.00 11.50 2.26
(including) 129.50 132.00 2.50 9.21
TDH-11 27.30 67.00 39.70 0.48
(including) 40.80 49.00 8.20 1.45
110.00 144.40 34.40 1.03
(including) 116.80 124.20 7.40 2.82
(including) 135.00 144.40 9.40 1.37
TDH-12 21.00 46.60 25.60 0.56
TDH-15 50.00 62.00 12.00 0.64
12
• Mapping and sampling identified a large (up to 15 km2) area of volcanic rocks (Silicified Chaotic Breccia, Coarse Feldspar Porphyry and Quartz Biotite Ignimbrite ) hosting attractive values of gold and silver
Tenoriba - Geology
• We believe that these rocks are part of a high-sulphidation mineralizing system at Tenoriba
• Similar projects include Goldcorp’s El Sauzal and Alamos Gold’s Mulatos
13
Vuggy Silica
Tenoriba - Geology
Chaotic Breccia
14
Trench digging
Tenoriba - Geology
Vuggy silica in Trench
(0.5 gpt Au)
15
Tenoriba - Historic Exploration• Mammoth consolidated all the historic exploration results leading to
the identification of a large 5 km x 3 km (15 sq km) area with highly anomalous gold in soil, channel and grab samples.
• This anomalous area remains open in all directions
16
Tenoriba - Recent Results• Mineralization is seen to be concentrated in 3 principal areas:
1. Los Carneritos (1.5 x 0.7 km);
2. El Moreno (1.5 x 0.5 km); and
3. Historic exploration area (1.5 x 1.5 km).
17
2013 Tenoriba Exploration Program
Some Recent Results (4th Exploration Campaign)
Carneritos Area:
• 26.10 gpt gold and 121.0 gpt silver in a grab sample;
• 6.41 gpt gold and 34.0 gpt silver over a 1.0 metre channel sample; and
• 5.48 gpt gold and 34.3 gpt silver over a 1.0 metre channel sample.
• Of a total of 146 samples assayed, 74% (115 samples) assayed >0.3 gpt gold equivalent and have a weighted average grade of 1.56 gpt gold equivalent.
El Moreno Area:
• 13.00 gpt gold and 17.1 gpt silver over a 1.0 metre channel sample;
• 12.95 gpt gold and 7.1 gpt silver over a 1.0 metre channel sample;
• 9.79 gpt gold and 6.8 gpt silver over a 1.0 metre channel sample; and
• 9.19 gpt gold and 8.9 gpt silver over a 1.5 metre channel sample.
• Of a total of 148 samples assayed, 41%, (56 samples) assayed >0.3 gpt gold equivalent and have a weighted average grade of 2.55 gpt gold equivalent.
18
2013 Tenoriba Exploration Program
Historic Workings – El Moreno
19
Tenoriba - Recent Results• X-Ray Diffraction analysis on 72 samples where attractive gold and silver
values were obtained, illustrated the presence of clay alteration minerals (Dickite, Kaolinite, Illite) that are commonly associated with a high-sulphidation precious metal systems
20
Tenoriba - Recent Results• Preliminary microscopic work indicated gold occurred in a free state on
the surface and/or in fractures within sulphide (primarily pyrite) grains
• Free gold could be amenable to heap leach processing
• The company is collecting additional samples from various depths to perform bottle roll tests to further confirm the extent and recovery of gold
Gold
Gold
21
2013 Tenoriba Exploration Program
� Phase 1 field exploration program to follow-up on historic work and extend exploration coverage (historic exploration only covers approximately 25% of the project concession area)
� Ongoing - cost $70,000 (should be completed by mid 2013)
� H2-2013 - consolidate all historic and new information to create target areas for follow-up work, including:
� Bottle Roll testing - understand cyanide leach characteristics - $10,000
� Trenching - $15,000
� geophysics survey(s) - $60,000
� possibly 10 – 15 drill holes or development of a pilot plant heap leachoperation to test the viability of heap leach processing - $150,000
� News releases expected throughout 2013 as the company reports on progress from this work
� Results to date are very encouraging with strong evidence pointing to a high sulphidation epithermal system, local examples of which include:
� Mulatos (Alamos Gold) - 2M oz Au resource; 200K oz ann. production
� El Sauzal (Goldcorp) - 1.5M oz Au resource; 100K oz ann. production
22
2013 Tenoriba Exploration Program
Field Camp
23
MTH - Valuation Potential (could it be?)
Typical Exploration through development to production share price performance/value curve
24
MTH - Valuation Potential (could it be?)
Notes:
• Resources are as reported by KBR and Paramount Gold and Silver in recent news releases
• KBR & PZG share prices and shares outstanding are as reported by the TSX on it’s website
25
Current Financing
• Objective to raise $500,000 ($200,00 committed to date)
• Structure: Unit (one full share and one full share purchase warrant excerciseable for up to 24 months at $0.08/share)
• Pricing: $0.05/Unit
• If interested please contact those you may know in the company, or feel free to contact Thomas Atkins, President and CEO at: [email protected]
26
Corporate Strategy
Precious metal focus with goal to develop a near-
term resource base of ~1 million ounces gold
equivalent through exploration, merger or
acquisition
CAPITAL
STRUCTURE
PROJECTS
COMMODITY
FOCUS
TEAM
�
�
�
�
Good capital structure with only 16.0 M
shares o/s
Geologically attractive properties that have
undergone minor amounts of exploration,
acquired under attractive option terms
Knowledgeable and highly experienced
management and board of directors
27
Corporate Information
Exchange/Symbol: TSXV: MTH
52 week hi/low: $0.15/0.05
Shares issued: 18.2m
Fully diluted: 21.9m
Market cap. (basic): $0.9M
Market cap. (f.d.): $1.1M
Contact Information
Head office:
Exchange Tower
130 King Street West
Suite 2120, PO Box 221
Toronto, ON
M5X 1C8
ph: (416) 479-0887
fax: (416) 363-4567
www.mammothresources.ca