CORPORATE PRESENTATION June 2015. Disclaimer ©2015 Silver Predator Corp. All rights reserved....

download CORPORATE PRESENTATION June 2015. Disclaimer ©2015 Silver Predator Corp. All rights reserved. Unless otherwise noted, “Silver Predator” and all other.

If you can't read please download the document

Transcript of CORPORATE PRESENTATION June 2015. Disclaimer ©2015 Silver Predator Corp. All rights reserved....

  • Slide 1
  • CORPORATE PRESENTATION June 2015
  • Slide 2
  • Disclaimer 2015 Silver Predator Corp. All rights reserved. Unless otherwise noted, Silver Predator and all other marks used in this presentation are trademarks of Silver Predator Corp. (the Company). Any reproduction or dissemination of any feature of this presentation, in whole or in part, or any use of this presentation for any unlawful purposes, is strictly prohibited. The technical content of this presentation was reviewed by Mark C. Shutty, CPG, a consultant for the Company and a Qualified Person as defined by National Instrument 43-101. This presentation contains certain statements that may be deemed "forward-looking statements". Information set forth may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the Acquisition and Concurrent Financing are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: failure to satisfy all conditions precedent to the Acquisition, including disinterested shareholder approval, stock exchange regulatory approval and completion of the Concurrent Financing, and the additional risks identified in the management discussion and analysis section of the Companys interim and most recent annual financial statement or other reports and filings with the TSX Venture and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements. COMPLETION OF THE TRANSACTIO IS SUBJECT TO A NUMBER OF CONDITIONS, INCLUDING TSX VENTURE EXCHANCE ACCEPTANCE. THERE CAN BE NO ASSURANCE THAT THE TRANSACTION WILL BE COMPLETED AS PROPOSED OR AT ALL. The information provided in this presentation is provided solely for general knowledge purposes. This presentation is not intended to be a comprehensive review of all matters and developments concerning the Company and the Company assumes no responsibility for its completeness, accuracy and currency. Although information used in this presentation is believed to be accurate as at the date hereof, it may not be accurate when read. The Company does not undertake to update any of the information provided in this presentation. For current information please refer to the Company's filings on SEDAR (www.sedar.com) or contact the Company. THIS PRESENTATION IS PROVIDED AS IS WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND, INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL THE COMPANY, ITS DIRECTORS, OFFICERS OR EMPLOYEES BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES DUE TO LOSS OF PROFITS OR BUSINESS INTERRUPTION) DUE TO THE READERS USE OF THIS PRESENTATION. This presentation is not to be construed as an offer to sell, or a solicitation of an offer to buy securities of the Company. An offer to sell, or a solicitation of an offer to buy securities of the Company can only be made by a broker-dealer registered in all jurisdictions in which such an offer is being made and only if such offer is otherwise made in accordance with all applicable securities laws, regulations, and rules of any kind whatsoever. The information in this presentation is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction applicable to the Company. No securities commission has in any way passed on any of the information contained in this presentation. THE FOREGOING LIMITATIONS AND DISCLAIMERS APPLY REGARDLESS OF THE CAUSES OR CIRCUMSTANCES GIVING RISE TO THE LOSS, DAMAGE, CLAIM OR LIABILITY, EVEN IF SUCH LOSS, DAMAGE, CLAIM OR LIABILITY IS BASED UPON BREACH OF CONTRACT (INCLUDING, WITHOUT LIMITATION, A CLAIM OF FUNDAMENTAL BREACH OR A BREACH OF A FUNDAMENTAL TERM), TORT (INCLUDING, WITHOUT LIMITATION, NEGLIGENCE) OR STRICT LIABILITY. SILVER PREDATOR CORP. | TSX.V:SPD 2
  • Slide 3
  • SILVER PREDATOR CORP. | TSX.V:SPD 3 Corporate Overview Taylor Silver Mine and Mill Existing 1,320 tpd gravity flotation mill onsite Pre-stripped open pit silver resource; open to expansion Current mineral resource estimate open to expansion of 1,143,000 tons at 2.10 oz/ton totaling 2,402,000 measured silver ounces, 7,751,000 tons of 1.86 oz/ton totaling 14,418,000 indicated silver ounces and 1,716,000 tons of 2.30 oz/ton totaling 3,941,000 inferred silver ounces 2 Potential for discovery of previously unrecognized Carlin-type gold system (See January 21, 2013 news release for gold discovery description) New gold mineralization discovered in 2014 drilling; Hole SPT66 returns 18.3 meters of 1.02 g/t gold from surface 3 Two key assets in Nevada: Springer Tungsten Mine and Mill Existing tungsten mine and mill, originally operated by General Electric (GE) (1982) PEA outlines a 47% after-tax IRR with $29.8 MM capex including sustaining capital (1) 355,000 Indicated tons at an average grade of 0.537% containing 190,635 STU's of WO 3 and 1,933,620 Inferred tons at an average grade of 0.493% containing 952,326 STU's of WO 3 (1) Seeking a joint venture partner Further potential for additional resources in immediate area Springer Tungsten Mine and Mill
  • Slide 4
  • Directors and Officers SILVER PREDATOR CORP. | TSX.V:SPD 4 William M. Sheriff, MSc | Chairman Executive Chairman & CEO of Till Capital Ltd., Chairman of EnCore Energy Corp. & Timberline Resource Corp, Co-Chair of Golden Predator, and a Director of Western Lithium Corporation Co-founder and Chairman of Energy Metals Corporation, NYSE listed company sold to Uranium One for 1.8 billion dollars in 2007 Nathan A. Tewalt, BSc | Director Former Chief Executive Officer of Silver Predator Corp. Former President & CEO of Standard Uranium Inc., acquired by Energy Metals Corporation; a Founder and CEO of several companies, including: Great Basin Gold in 1997, Colombian Mines Corporation in 2006, and Nevgold Resource Corp. in 2007. William B. Harris, BA, MBA | Director Partner Solo Management Group, LLC, formerly served as CEO of Hoechst Fibers Worldwide, Director of Till Capital Ltd. Piers McDonald, OC | Director Former Yukon Premier (1996 to 2000), founded and serves as Chairman of the Northern Vision Development Corporation, Vice Chairman of the Canada Games Council, Director of Northwestel Inc., Chairman of Yukon Energy Corp, Director of Till Capital Ltd. Blair M. Shilleto| Director 35 years in the mining, tunnelling and construction industry including project management throughout North America. Director of Till Capital Ltd. Thomas H. Chadwick, BSc, CPG | Vice President Exploration Over 30 years of mineral exploration and mining experience; has been instrumental in a number of discoveries Previously worked as an independent consultant for clients including Placer Dome, Anglogold, Barrick and Eurasian Minerals
  • Slide 5
  • SILVER PREDATOR CORP. | TSX.V:SPD 5 Capital Structure Market Capitalization (@$0.025)* $2.8 mm Issues & Outstanding Shares*99.0 mm Options *5.3 mm Warrants *0.5 mm Fully Diluted Shares*102.9 mm Key Shareholders% Till Capital Ltd. 63.3% William M. Sheriff 3.8% Nathan A. Tewalt 2.3% *As of February 13, 2015
  • Slide 6
  • Acquisition Terms (4) SILVER PREDATOR CORP. | TSX.V:SPD 6 SPD acquired Springer Mining Company and Nevada Royalty Corp. whose principal assets are the Springer Mine and Mill, Taylor Mill with water rights and several other properties located primarily in Nevada Additional projects acquired include the Modoc, Tempo and Copper King Tungsten properties SPD issued Till Capital Ltd. US $500,000 in shares as the initial payment under the purchase agreement followed by a convertible promissory note for $4,500,000 bearing interest at 4% Promissory note payable over a period of three years payable in cash or shares at SPDs election $1.0 MM in Year 1 $1.5 MM in Year 2 $2.0 MM in Year 3 SPD issued royalty interest on current properties and properties being acquired
  • Slide 7
  • Nevada Nevada The Silver State A preferred mining jurisdiction: Established mineral tenure and permitting procedures Politically stable Established infrastructure Proven mineral potential Established silver, gold and tungsten districts SILVER PREDATOR CORP. | TSX.V:SPD 7
  • Slide 8
  • Springer Mine and Mill SILVER PREDATOR CORP. | TSX.V:SPD 8 Project Past producer, scheelite concentrate APT Property Size 6,400 acres, including claims and fee lands Commodity Tungsten (W) with by-product Molybdenum (Mo) potential Target Tungsten rich skarn horizons Location Nevada, USA Status Permitted and refurbished to achieve production and cash flow within 12 months of funding
  • Slide 9
  • Springer Mine and Mill SILVER PREDATOR CORP. | TSX.V:SPD 9 A PEA has demonstrated strong economics with most mill related capital costs already incurred The US only tungsten smelter is located in nearby Fallon, NV, operated by Kennametal Inc. Kennametal identified scheelite concentrate from Springer as desirable premium feed source (5) Smelting process most efficient with high grade scheelite concentrate Opportunities to leverage existing infrastructure for a ~200 tpd gold circuit; most capital equipment on site Mineral Resource Estimate (1) Resource CategoryCut-Off GradeCut-Off GradeResourceResourceGradeGradeContained Tungsten Units WO3WO3 TonsTons WO3WO3 STU'sSTU'sMTU'sMTU's Indicated Total Sutton only0.20%355,0000.537%190,635172,990 Inferred (All Zones) Sutton Zone0.20%1,616,0000.459%741,744673,089 George Zone0.20%143,9500.423%60,86355,230 O'Byrne Zone0.20%173,6700.862%149,719135,861 Total Inferred0.20%1,933,6200.493%952,326864,180 Tungsten Gold Milling Circuit
  • Slide 10
  • Springer Mine and Mill SILVER PREDATOR CORP. | TSX.V:SPD 10 Seeking joint venture partner 2012 resource estimate outlines high grade resources adjacent to mill Existing 1,360 ft vertical shaft connected to +4 miles of underground development Tier 1 deposit grading over 0.4% WO 3 ; weighted average grade of all world-wide non-Chinese deposits is 0.11% WO 3 (6) 43,891 meters of drilling by General Electric Corp. (GE) from 1973-1978 and EMC from 2007-2008 (1) Shallow drilling; avg. down-hole depth of ~116 meters Mine & Mill built by GE, operated for 6-8 months (1982) located between the mining communities of Winnemucca and Lovelock Nevada, USA; excellent access adjacent to Interstate 80 and rail Held by GE until 2006 with no exploration from 1978-2006 ~$38 MM spent on modern refurbishments and exploration since 2007 (1)
  • Slide 11
  • Springer Mine & Mill - Opportunities SILVER PREDATOR CORP. | TSX.V:SPD 11 PEA outlines a 47% IRR with $29.8 MM capital investment in restarting operations (1) ~$89 MM in EBITDA over 5 years (1) Major resource expansion potential based on historic resources* 1984 GE historic estimate is much larger than current mineral resource (7) Sutton Zone was 2x larger George Zone was 14x larger Historic estimate of Stank, Humboldt and Mill Zones totaling 4.5 Mt of 0.45% WO 3 1984 GE/Utah International Historic Estimate (Diluted) (7) * All Confidence LevelsCut-Off GradeCut-Off GradeResourceResourceGradeGradeContained Tungsten Units WO3WO3 TonsTons WO3WO3 STU'sSTU'sMTU'sMTU's Sutton Zones0.20% 4,412,5690.424%1,871,9781,681,036 Stank Mine Zone0.20% 1,000,0000.712% 712,500 639,825 Humboldt Zone0.20% 610,0000.763% 465,500 418,019 George Zone0.20%1,783,0000.502%896,550 805,101 Mill Zone0.20%2,916,0000.300%874,800 785,570 Total Historic Estimate0.20% 10,721,5690.449%4,821,3284,329,551 *A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The Company has not completed sufficient work to verify these resource and is not treating them as current resources. The property does not have established reserves.
  • Slide 12
  • Taylor Project, Nevada SILVER PREDATOR CORP. | TSX.V:SPD 12 Project Past silver producer Property Size 2,166 acres, including unpatented claims and privately owned patented claims Commodity Silver (Ag) and Gold (Au) Target Carlin-style Gold and Silver Location Eastern Nevada, USA; 17 miles from Ely Status Silver resource updated in 2013; new sediment-hosted gold mineralization discovered
  • Slide 13
  • Taylor Project, Nevada Open pit & mill operated from 1981-84; expanded mill and flotation circuit operated from 1989-91 and remains largely intact Excellent infrastructure and highway access, 24 km southeast of Ely, Nevada Patented and unpatented claim block and past producing mining site ease permitting SILVER PREDATOR CORP. | TSX.V:SPD 13 Taylor Project Resource Estimate (2) Tons (1,000)Silver (oz/t)Contained Silver Ozs (1,000) Measured1,1432.102,402 Indicated7,7511.8614,418 M+I8,8941.8916,820 Inferred1,7162.303,941
  • Slide 14
  • Taylor Project, Nevada SILVER PREDATOR CORP. | TSX.V:SPD 14 Epithermal, high-silica, low sulfide replacement deposit in Devonian-age carbonate rocks Updated resource completed Q1 2013 (2) 2012 mapping and soil sampling have opened up district for new gold/silver discoveries Soil samples indicate newly recognized gold dominant Enterprise Area (south) has significant gold-silver footprint at surface (8) Initial drilling at new target areas discovered sediment-hosted gold mineralization
  • Slide 15
  • Previously Unknown Gold Mineralization at Taylor SILVER PREDATOR CORP. | TSX.V:SPD 15 2012-2013 mapping and sampling provided first indication that the Taylor Project shows significant potential to become a new gold district on southern projection of the Carlin Trend Gold grades found at surface exceeded expectations Strong correlation with Carlin-type pathfinder elements (Ag-As-Sb-Hg-Tl) 5 soil samples over 1.0 g/t Au, including 1.3, 1.5 and 1.7 g/t Au (8) 126 soil samples (11%) over 0.20 g/t Au and 224 samples (19%) over 0.10 g/t Au (8) Recent drilling intercepted 18.3 meters of 1.02 g/t from surface at the Antimony Area (3) Favorable stratigraphy for Carlin gold system
  • Slide 16
  • Expandable Silver Resource Potential Large Ag Soil Anomaly SILVER PREDATOR CORP. | TSX.V:SPD 16 Completed 1,166 sample soil grid with multi- element geochemistry, including gold & silver Excellent correlation between key geologic features and silver anomalies 17 soil samples above 5.0 g/t Ag with highs of 14.8, 15.4, 22.5, and 58.0 g/t Ag (8) 23% of the samples over 1.0 g/t Ag (8 ) Mineralized footprint of the Enterprise Area is larger than the current resource area
  • Slide 17
  • New Carlin-Style Targets: Taylor Project, Nevada SILVER PREDATOR CORP. | TSX.V:SPD 17 *The above illustration is based on the Companys geological interpretation
  • Slide 18
  • 610 acres surrounded by patented claims of Hecla, et al. Road accessible lying 3 miles north of Interstate 90, the Lucky Friday silver mine and Mullan Idaho Idaho is the United States largest silver producer Near surface vein targets exist in addition to drill intercepted bedded copper-silver mineralization in the Revett Formation; the Revett Formation hosts the adjacent Lucky Friday silver mine and is historically the best ore host in the district Multiple drill targets exist including bedded copper-silver and high grade silver-lead-zinc veins Copper King / Sonora Silver, Idaho Silver Predators Sonora Silver Project (bedded vein targets) Heclas Lucky Friday Mine (vein silver + lead/zinc) Heclas Gold Hunter (vein silver + lead/zinc) New expansion of Lucky Friday Mine SILVER PREDATOR CORP. | TSX.V:SPD 18
  • Slide 19
  • 385 ha property in northern Nevada Discovery of high grade silver in 1873; produced 762,000 oz of silver and 13,400 oz of gold at calculated grades of 24.6 oz/t silver and 0.43 oz/t gold (9) Epithermal veins hosting silver with increasing gold near the Ruby fault Bi-modal volcanic sequence overlies Paleozoic meta-sediments analogous to the nearby Hollister Mine High Grade Discovery Potential: Cornucopia, Nevada Historic Drilling at Cornucopia (10) Drill HoleFrom (ft)To (ft)Length (ft)TRUE Width (ft)*Silver (oz/t)Silver (g/t) CD-166213169.064.82.4283.1 CD-1723533027.28.23282 Including23432018.111.92408.7 CD-18189173.030.86.60226.1 CR-20100100.034.27.31250.5 * True widths are approximate and based upon interpretation of the mineralizing controls as currently understood. CD drill holes are core and CR holes are rotary. SILVER PREDATOR CORP. | TSX.V:SPD 19
  • Slide 20
  • Major Objectives and Projected Completion Dates SILVER PREDATOR CORP. | TSX.V:SPD 20 Springer Mine and Mill 2014-15: Obtain a joint venture partner with the goal of putting the mine and mill back into production Taylor Project 2014-15: Obtain a joint venture partner to aggressively explore for discovery of Carlin-type gold system Sell the current mill for future replacement with a larger more efficient mill
  • Slide 21
  • Investment Highlights SILVER PREDATOR CORP. | TSX.V:SPD 21 Seeking joint venture partner with ability to advance Springer Mine and Mill into production 2012 PEA outlines a 47% after-tax IRR with $29.8 MM CAPEX including sustaining capital (1) Seeking qualified joint venture partner to aggressively explore for discovery of Carlin-type gold system at Taylor and increase the current silver resource Recently identified gold system confirmed through initial drilling Existing current silver resource open to expansion Springer Mineral Resource Estimate (1) Resource CategoryCut-Off GradeCut-Off GradeResourceResourceGradeGradeContained Tungsten Units WO3WO3 TonsTons WO3WO3 STU'sSTU'sMTU'sMTU's Indicated Total Sutton only0.20%355,0000.537%190,635172,990 Inferred (All Zones) Sutton Zone0.20%1,616,0000.459%741,744673,089 George Zone0.20%143,9500.423%60,86355,230 O'Byrne Zone0.20%173,6700.862%149,719135,861 Total Inferred0.20%1,933,6200.493%952,326864,180 Taylor Project Resource Estimate (2) Tons (1,000)Silver (oz/t)Contained Silver Ozs (1,000) Measured1,1432.102,402 Indicated7,7511.8614,418 M+I8,8941.8916,820 Inferred1,7162.303,941
  • Slide 22
  • (1)NI 43-101 Technical Report; Preliminary Economic Assessment of the Springer Tungsten Mine Pershing County, Nevada, by DMT Geosciences Ltd. Dated August 20, 2012 filed on SEDAR. (2)NI 43-101 Technical Report; NI 43-101 of the Taylor Silver Project, White Pine County, Nevada, USA by Thomas H. Chadwick, Dean D. Turner, and Patrick J. Hollenbeck dated March 18, 2013 filed on SEDAR. (3)Silver Predator News Release date June 17, 2014. (4)Letter Agreement between Silver Predator Corp. and Americas Bullion Royalty Corp. dated December 17, 2013 and filed on SEDAR. (5)EMC Metals News Release dated May 13, 2008. The synthetic scheelite sold to Kennametal was produced by GE in 1982 as a by product of molybdenum precipitation and removal from their production circuit. The synthetic scheelite produced by GE contains 77.8% WO3 and is considered a high-quality product by modern standards. (6)Based on the weighted average of non-Chinese deposits. Deposit data obtained from Intierra Resource Intelligences proprietary database by searching for all tungsten deposits located outside of China and prepared in accordance with National Instrument 43-101. Silver Predator Corp. makes no representation of its accuracy, but believes it to be relevant for illustrative purposes. (7)1984 GE/Utah International Historic Resource, Internal Document. (8)Silver Predator News Release dated January 21, 2013. (9)Buchanan, L.J., 1981, Precious metal deposits associated with volcanic environments in the southwest, Arizona Geol. Soc. Digest, Vol. 14, p. 237-262 (10) Homestake Mining drill logs; all CD and CR holes drilled between 1976-1978 Endnotes SILVER PREDATOR CORP. | TSX.V:SPD 22
  • Slide 23
  • Silver Predator Corp. | TSX.V:SPD 34 King Street West, Suite 1200 Toronto, Ontario M5C 2X8 Investor Relations T: 208-635-5415 | F: 208-635-5465 E: [email protected]@silverpredator.com www.silverpredator.com