An update on the Buchans Project, · PDF fileThis presentation may contain certain information...

Minco Plc (AIM: MIO)

An update on the Buchans

Project, Newfoundland

Forward-Looking Statements

Minco Plc (“Minco” or the “Company”) has prepared this presentation for information purposes only. The information contained

herein was prepared by management on a best efforts basis and is believed to be accurate. This presentation contains or

refers to "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this

release, other than statements of historical fact, which address activities, events or developments that the Company believes,

expects or anticipates will or may occur in the future are forward-looking information. Wherever possible, words such as

"plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "anticipates" or "does not anticipate",

"believes", "intends" and similar expressions or statements that certain actions, events or results "may", "could", " "would",

"might" or "will" be taken, occur or be achieved, have been used to identify forward-looking information. In particular, all

statements in this presentation that address estimated resource quantities, grades and contained metals, possible future

mining, and exploration and development activities are forward looking statements.

Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ

materially from expected results. Shareholders and prospective investors are cautioned not to place undue reliance on forward-

looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties,

both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events

will not occur. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information

whether as a result of new information, future events or other such factors which affect this information, except as required by

law.

This presentation may contain certain information derived from official government publications, industry sources and third

parties. While we believe inclusion of such information is reasonable, such information has not been independently verified by

us or our advisers, and no representation is given as to its accuracy or completeness.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of material

presented in this document.

Minco Plc

Trans-Atlantic Resource OpportunitiesMinco Plc

Toronto North Pennine Orefield (Zn-Pb-Ag)exploration Irish-Type Zn-Pb

Buchans (Zn-Pb-Cu-Ag-Au) pre-development & exploration Buchans

VMS – produced 16 Mt >23% Zn-Pb-Cu)Woodstock Mn pre-development Plymouth deposit (Mn carbonate)

Xtierra Ag-Zn-Pb (own 26% - TSXV:XAG)pre-development (skarn)

Minco Plc - registered Republic of Ireland AIM (“MIO”) – chaired by John Kearney

2% NSR – Curraghinalt - (Au) pre-development (Dalradian)

Volcanic/epiclastic rocks

Ophiolite

Deposits >200,000 tonnes(production and/or reserves)

AVALONZONE

CENTRAL MOBILEBELT

St. John’s

• Minco controls several key

deposits (Ord. - Buchans Group &

Cambro-Ord. Victoria Lake Group)

• Buchans - Asarco mined 16.2 Mt

14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t

Au & 126 g/t Ag (1928-1984)

• Lundberg - largest resource –

stand alone open pit – possible

central milling & processing facility

(after Swinden,1991 and Evans & Kean, 2002)

Buchans

100 km

Buchans VMS Camp Minco Plc

20 km

Buchans

Map Area

Duck Pond (Teck)

District Opportunity

50 km

Boomerang Deposits 100% CZN (1% Zn cut-off)

Indicated - 1.36 Mt @ 7.1% Zn, 3.0% Pb, 0.5% Cu, 110.4 g/t Ag, 1.7 g/t Au

Inferred - 0.28 Mt @ 6.7% Zn, 2.9% Pb, 0.4% Cu, 96.5 g/t Ag, 1.3 g/t Au

Domino (Inferred) – 0.41 Mt @ 6.3% Zn, 2.8% Pb, 0.4% Cu, 94 g/t Ag, 0.6 g/t Au

Hurricane (Inferred) – 0.06 Mt @ 13.4% Zn, 7.0% Pb, 1.2% Cu, 159 g/t Ag, 0.9 g/t Au

Lundberg – 100% MIOIndicated – 23.4 Mt @ 1.41% Zn, 0.60% Pb, 0.35% Cu, 5.31 g/t Ag, 0.07 g/t AuInferred – 4.3 Mt @ 1.29% Zn, 0.54% Pb, 0.27% Cu, 4.47g/t Ag & 0.08 g/t Au ($15US NSR cut-off)

Tulks Hill – 49% MIOIndicated-0.43 Mt @ 4.0% Zn, 1.6% Pb,

0.9% Cu, 35.1 g/t Ag, 1.2 g/t Au (1.1% CuEq)

Bobbys Pond (1.1% CuEq) - 100% MIOIndicated - 1.1 Mt @ 4.6% Zn, 0.4% Pb, 0.9% Cu, 16.6 g/t Ag, 0.2 g/t AuInferred- 1.2 Mt @ 3.8% Zn, 0.3% Pb, 1.0% Cu, 11.0 g/t Ag & 0.06 g/t Au

Lemarchant 100% CZN (7.5% zinc equiv. cut-off) Indicated - 1.24 Mt @ 5.4% Zn, 1.2% Pb, 0.6% Cu, 59.2 g/t Ag, 1.0 g/t AuInferred - 1.34 Mt @ 3.7% Zn, 0.9% Pb, 0.4% Cu, 50.41 g/t Ag, 1.0 g/t Au

Daniels – 100% MIOIndicated-0.93 Mt @ 5.1% Zn, 2.5% Pb, 0.3% Cu, 101.4 g/t Ag, 0.6 g/t AuInferred- 0.33 Mt @ 4.6% Zn, 2.1% Pb, 0.3% Cu, 85.9 g/t Ag, 0.53 g/t Au (2% Zn cut-off)

Long Lake 100% CZN (using a 7.5% zinc equiv. cut-off)Indicated – 0.41 Mt @ 7.8% Zn, 1.6% Pb, 1.0% Cu, 49 g/t Ag, 0.57 g/t Au Inferred – 0.08 Mt @ 5.8% Zn, 1.2% Pb, 0.7% Cu, 34 g/t Ag, 0.48 g/t Au

Minco Plc

Lundberg – Pivotal deposit

in District

6

Lundberg

VLSG (all 43-101)

District Total

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Zn (lbs)Pb (lbs)

Cu (lbs)

851

361

207

1,049

316

122

1,901

677

329

Mill

ion

s

The district hosts almost 2billion pounds of Zn,almost 700 million poundPb, and over 300 millionpounds of Cu.

Lundberg hosts more thanhalf the district’s Cu andPb, and almost as muchzinc as all the otherdeposits combined.

Minco Plc

Red Indian Lake

deposits (projected to surface)

sulphide prospects

favourable alteration

5 km

Lundberg (stockwork near surface)

Outline of Buchans Camp rocks after GSC 2007

Buchans camp rocks

Lucky Strike (in situ)

BUCHANS - Exploration OpportunitiesClementine West

Minco Plc

Schematic block diagram of the MacLean channel, from the Lucky Strike area in the southeast to the MacLean Extension area in the

northwest, illustrating hydrothermal vents along synvolcanic faults, diatreme activity associated with subvolcanic plutonic body, ore

bearing slumps, and debris flows (modified after Kirkham and Thurlow, 1987; and Thurlow, 2001).

stockwork ore(2-6% Zn-Pb-Cu)

(not mined)

transported ore(16-22% Zn-Pb-Cu)

(52% of ore mined)

in situ ore(25-28% Zn-Pb-Cu)

(48% of ore mined)

VMS DEPOSITS (Buchans model) Minco Plc

Minco Plc

Lucky Strike (massive sulphides):

5.6 Mt averaging 18.4% Zn, 8.6% Pb, 1.6% Cu, 112 g/t Ag & 1.7 g/t Au

LUNDBERGVMS Stockwork Deposit (footwall)

Mineralization

LUNDBERGBulk Tonnage Resource

Minco Plc

Lundberg

H-3356 – 37 m

LUNDBERGSTOCKWORK DEPOSIT

Minco Plc

Lundberg Resource (Lundberg + Engine House) (effective date February 22, 2013)

NSR (US $)

Cut-off*Category tonnes Zn % Pb % Cu % Ag g/t Au g/t

Combined

Zn+Pb+Cu %

15 Indicated 23,440,000 1.41 0.60 0.35 5.31 0.07 2.36

15 *Inferred 4,310,000 1.29 0.54 0.27 4.47 0.08 2.10

Tonnages rounded to the nearest 10,000 tonnes. Mineral resources that are not mineral reserves do not have demonstrated

economic viability. The estimate of mineral resources may be materially affected by environmental permitting, legal, title,

taxation, socio-political, marketing, or other relevant issues. Resource Estimate reported from: Technical Report prepared by

Michael Cullen, P. Geo. & Andrew Hilchey, P.Geo., of Mercator Geological Services Limited. * “break-even cut off” based on

operating & processing costs estimated by Tetra Tech (2011 PEA)

LUNDBERG RESOURCE Minco Plc

…can we enhance the resource before proceeding to Pre-Feasibility…

LUNDBERG DEPOSIT

700 m long x 400 m wide x

350 m deep

Minco Plc

5 m blocks

350 m

3yr trailing average metal prices:

$0.95 /lb Zn,

$1.00 /lb Pb

$3.68 /lb Cu

$29.00 /oz Ag

$1,493.65 /oz Au(Feb 2013)

$15 US NSR – “break-even cut off”

as per operating & processing

costs estimated by Tetra Tech (2011 PEA)

Minco PlcLUNDBERGDEPOSIT

Geology

9,8

50E

contour interval 2m

15 to 25

25 to 50

50 to 75

75 to 100

100 to 150

NSR ($ US)

>150

at bedrock

100 m

Thrust Fault

Ski Hill (basalt/ intermediate fragmentals)

Geology

Sandy Lake (prominent qtz rhyolite/ arkose)

Diabase

Buchans River (rhyolite/ m.sulphs./ basalt/ felsic tuffs

Surface/ underground drill hole

9,9

50E

9,950E

100 m


15 to 25

25 to 50

50 to 75

75 to 100

100 to 150

NSR ($ US)

>150

SOUTH NORTH

100 m

Lucky Strike

Engine House

Thrust Fault


Geology


Diabase




15 to 25

25 to 50

50 to 75

75 to 100

100 to 150

NSR ($ US)

>150

SOUTH NORTH

9,850E

100 m

Engine House

Lucky Strike

n/a

Thrust Fault


Geology


Diabase



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200 m

Lundberg Zone

Engine House

2011 PEA

Pit outline

(approx.)

Resource Limits - projected to surface

Previous surface drill hole

Workings projected to surface

2013 – Indicated & Inferred (US$15 NSR)

Historic underground drill hole

Minco (BMC) drill hole (2007-2012)

2014 – drill holes

H-14-3487

H-14-3491

H-14-3489

H-14-3488

H-14-3490, abandoned

BUCHANS – 2014 DrillingLucky Strike South

Lucky Strike

drilled 4 hole 556 m

RELOGGING (summer 2014)86 holes (9,100 m)

indications of mass sulphs. but poor recoveries

~








Lundberg

Engine House

100 m

Lucky Strike

?

H-14-3489 – Lucky Strike – anomalous base metals

Engine House (0.8% BM)

0.5 m 0.16% Cu, 0.25% Pb, 0.41% Zn, 66.0 g/t Ag, 0.68 g/t Au

Ore Clast Horizon at 165 m depth (3.9% BM)



H-14-3488 – Lucky Strike (25.0 %BM)


Engine House - (5.0% BM) 4.8 m, incl. massive sulphides

(26.1% BM) 1.45 m - 2.51% Cu, 6.54% Pb, 17.00% Zn, 92.5 g/t Ag, 0.64 g/t Au

H-302 (underground historic hole)

Ore Clast Horizon – (8.7% BM ) - 5.27 m

1.98% Cu, 3.27% Pb, 3.43% Zn, 19.5 g/t Ag,

0.48 g/t Au (215 m below surface)

H-14-3487 – Lucky Strike (9.9% BM)

2.7 m 0.53% Cu, 3.27% Pb, 6.07% Zn, 103.5

g/t Ag, 1.65 g/t Au

H-14-3491 – Lucky Strike (4.6% BM)


Engine House (5.5% BM)


H-14-3491

BUCHANS - Lucky Strike South*Schematic Stratigraphic Section

Prominent Qtz

Rhyolite

basalt

Ski Hill Basalts (footwall)

felsic fragmentals (footwall)

felsic debris/sediments

Lucky Strikemassive sulphides

Thrust

South North

Bu

ch

ans R

ive

r F

orm

atio

n

barite

??

- 0 m

- 100 m

- 200 m

Minco Plc

H-14-3488 H-14-3487

* Interpretive section displays relative stratigraphic locations of Lucky Strike & Engine House mineralized horizons & is not meant to be an accurate depiction of drilled results.

?

?

H-14-3489

qtz rhyolite & tuffs

basalt

H-302 (historic underground hole)

Ore Clast Horizon – (8.7% BM) 5.27 m 1.98% Cu,

3.27% Pb, 3.43% Zn, 19.46 g/t Ag, 0.48 g/t Au

ore clast horizon - 1.0 m 0.08% Cu, 1.49% Pb, 2.31% Zn, 24.6 g/t Ag, 0.47 g/t Au

Engine Housemassive sulphides

Lucky Strike – historic target, Engine House less explored – EH mass sulphides discovered

deep, poorly explored structural repeat below previous mining - potential for new orebodies

2014 drilling results– resource expansion likely south of the Lundberg Resource

LUNDBERG DEPOSITGoing Forward

Minco Plc

Source: Wood Mackenzie, October 9th, 2013

Minco PlcLUNDBERG DEPOSIT

Scotiabank Economics

October 16, 2014

Current Forecasts

Remains Positive for Zinc

…we’re looking forward

to a period of better Zinc

prices that could benefit

Lundberg…

Lundberg

2011 PEA

Metal Price

Assumptions

$1.22 Zn

$1.10 Pb

$3.62 Cu

$22.74 Ag

SummaryLundberg

• largest, most advanced resource in district

• potential for further project enhancements prior PFS

• excellent exploration potential near the deposit

Work ongoing

• internal scoping study – satellite deposit feed from other

MIO (higher-grade deposits)

• long lead time items including environmental studies

required for Pre-Feasibility

Exploration - 2015

• relogging select Buchans prospects – target generation

• drilling Lucky Strike South

Lucky Strike

Minco Plc

…the best place to find a mine…

~








100 m


~

Lundberg Zone

Engine House

100 m

Lucky StrikeTarget Area

BUCHANS – 2014 DrillingLucky Strike South(Lucky Strike Horizon)

?

?

?



2013 – Indicated & Inferred (US$15 NSR)mineralized interceptno significant mineralization

?

?Intercepts ~surface to 150 m below surface

~

Lundberg Zone

Engine House100 m

BUCHANS – 2014 DrillingLucky Strike South(Engine House Horizon)

?

?

?




Intercepts ~surface to 150 m below surface

~

100 m


(Ore Clast Horizon)Resource Limits - projected to surface



Lundberg Zone

Engine House


Ore Clast Horizon – 5.27 m 1.98% Cu,

3.27% Pb, 3.43% Zn, 19.5 g/t Ag, 0.48 g/t

Au (215 m below surface)

Intercepts ~150 – 225 m below surface


Ore Clast Horizon – 1.83 m (7.6 BM)

0.88% Cu, 1.18% Pb, 5.60% Zn, 91.4 g/t Ag, 8.74 g/t Au

incl. 0.30 m 2.8% Cu, 4.1% Pb, 27.1% Zn, 188 g/t Ag, 9.6 g/t

Au (225 m below surface)

~








100 m


2015 propose ~2,000 m drilling Test all 3 horizons (incl. extensions - post-2007 holes)

An update on the Buchans Project, · PDF fileThis presentation may contain certain information...

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