shareholders' meeting presentation website
TRANSCRIPT
Shareholders’ Meeting
The Inn of the Mountain GodsMescalero, New Mexico
September 28, 2016
A. MEETING CALLED TO ORDER1. Introductions2. Instruction on Meeting Rules of Conduct3. Announcement of Notice and Quorum
B. PRESENTATION OF PROPOSALS1. Election of Directors2. Ratification of Appointment of Independent Auditors3. Amendment to Articles of Incorporation
C. VOTING 1. Voting Procedures2. Opening and Closing of Polls
D. RESULTS OF VOTINGE. ADJOURNMENT OF MEETINGF. MANAGEMENT PRESENTATION
AGENDA 2016 ANNUAL MEETING OF STOCKHOLDERS
Wednesday, September 28, 2016, 10:00 a.m.
The Inn of The Mountain Gods Resort and Casino287 Canyon Road
Mescalero, New Mexico 88340
PRESENTATION OF PROPOSALS
Election of Directors
Ratification of Appointment of Independent Auditors
Amendment to Articles of Incorporation
VOTINGVoting Procedures
Opening and Closing of Polls
RESULTS OF VOTING
ADJOURNMENT OF MEETING
MANAGEMENT PRESENTATION
MANAGEMENT PRESENTATIONINTRODUCTION OF PARTICIPANTS
OPERATIONS TIMELINE
DESCRIPTION AND RESULTS OF PROCESSING
STATUS OF ACTIVE COMMERCIAL NEGOTIONS
1914 FEDERAL LAND GRANT
STATUS OF ROAD USE
INTRODUCTIONSBoard of Directors
John Stapleton Chairman & CEOCharles Mottley President Emeritus & DirectorTimothy Gay DirectorClyde Smith DirectorDaniel Martinez Director
Steven Antol Chief Financial OfficerArly Richau Corporate CounselWilliam Mower Corporate Securities CounselDavid Davidson Mining Operations Executive ManagerEric Stoppenhangen CFO and Director of AuraSource
Description & Results of Processing
Eric StoppenhagenIntroduce AuraSource TechnologyEquipment being utilized
David DavidsonHow concentration is done (starting from concentration)Show Precious Metals RecoveredLive test minerals with XRFPresent independent laboratory confirmation by assay
STATUS OF COMMERCIAL NEGOTIATIONS
Signed agreement to purchase ore, subject to contingencies related to the road
World-wide refiner completing testing to create agreement to purchase ore
Three international mining companies presently evaluating recovery results of the ore
STATUS OF ROAD USE
Right of Way granted in 1914 by order of the President Woodrow Wilson and affirmed by Congress (Selected exhibit attached)
Recommended modifications to road completed
Legal counsel has advised the company to use road
Compromise attempt not yet successful
