CORPORATE PRESENTATION - Micro Small Cap - … statements, other than statements of historical fact,...
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CORPORATE PRESENTATION
September 2017
TSX-V:BRZ OTCQB:BRGRF
ADVANCING CHILE’S HIGHEST-GRADE PRE-
PRODUCTION LITHIUM BRINE PROJECT
DISCLAIMER
This presentation includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within
the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or
financial performance of the Company, are forward-looking statements.
Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”,
"potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be
achieved. Forward-looking statements in this press release relate to, among other things: completion of the proposed transaction with Li3,
completion of a Prefeasibility Study and completion of a Definitive Feasibility Study. Statements concerning mineral resource estimates may also
be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if the
Maricunga Project is developed. Actual future results may differ materially. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect
the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while
considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be
materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements
and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the
absence of a material adverse change in the Maricunga Project; fluctuations in the price of lithium or certain other commodities; fluctuations in the
currency markets; changes in national and local government, legislation, taxation, controls, regulations and political or economic developments;
risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose
restrictions on mining; employee relations and receipt of all necessary regulatory and shareholder approvals for the Li3 transaction. Readers
should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except
as required by law, Bearing does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other
factors, should they change, except as required by law.
Robert Cameron, P.Geo., Technical Advisor to Bearing Resources, is the Qualified Person
for the purposes of NI 43-101 and has approved this written disclosure.
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LI3 ENERGY TRANSACTIONOverview
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Bearing Lithium (TSXV:BRZ) entered into a definitive agreement with Li3 Energy
(OTCQB:LIEG) to acquire it for consideration of 16M shares. The transaction will close on
October 2, 2017.
Li3 Energy’s primary asset is a 17.7% interest in the Maricunga lithium project in Chile,
which is free-carried through the delivery of a definitive feasibility study (DFS) by the
projects’ partner.
The Maricunga Project is the highest grade, undeveloped lithium salar in the Americas. It is
second in grade only to the Salar de Atacama, which accounts for 100% of Chile’s lithium
production and about 40% of global production.
Over US$30 million has been invested in the project to date which has generated a NI 43-
101 Measured Resource of 1.7 Mt LCE and Inferred Resource if 0.4 Mt at an average
grades of 1,160 mg/L Li.
The project is comprised of a number of tenements totaling 4,463 hectares, some of which
are grandfathered under a previous mining code which allows for the immediate exploitation
of lithium.
POSCO (NYSE:PKX), one of the world’s largest steel manufacturers, invested US$18M
into Li3. Developed proprietary lithium extraction technology which recovered over 80% of
lithium from brine in under 24 hours with a fraction of the environmental footprint. POSCO is
anticipated to own ~8% of BRZ post-transaction.
THE LITHIUM MARKETGlobal Lithium Supply
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Source: VisualCapitalist
THE LITHIUM MARKETLithium Pricing & Applications
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Source: VisualCapitalistSource: Data provided by Benchmark Mineral Intelligence and compiled by VisualCapitalist
Source: VisualCapitalist
THE LITHIUM MARKETChina Leading the Battery Charge – Megafactories to Grow 6x by 2020
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Source: Data provided by Benchmark Mineral Intelligence and compiled by VisualCapitalist
THE LITHIUM MARKETLithium Demand Composition & Growth Drivers
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Source: VisualCapitalist
THE LITHIUM MARKETAutomakers Outline EV Growth Plans
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Volvo, Betting on Electric, Moves to Phase Out Conventional Engines
• All new models introduced starting in 2019 will be either hybrids or pure electric
VW says it needs '40 gigafactories' for electric-car batteries by 2025
• Based on production projections of 3 million electric cars with 60-kilowatt-hour battery packs
BMW to produce 12 EV models & 13 hybrid models by 2025
• All models to offer electrified powertrain options (full electric or hybrid) by 2020
Jaguar Land Rover – All cars will have EV or hybrid version by 2020
• Every new model line will be electrified from 2020
The Power Consumed by Electric Vehicles Is About to Surge 300-Fold
• Vehicles seen accounting for 5% of electricity use by 2040
• Electric vehicles will be more than half of new cars sold
The Electric Car Revolution Is Accelerating
• Electric cars will be as cheap as gasoline models by 2025
• Battery manufacturing capacity will triple in the next four years
BMW reportedly takes aim at Tesla Model 3 with all-electric 3-Series sedan
• BMW to unveil an all-electric 3-Series line of cars at the Munich Auto Show in September 2017
• BMW states vehicles will have a range of 248 miles per charge
MARKET COMPARABLESAttractively Positioned Relative to Peers
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Resource Sample
Orocobre Limited TSX:ORL 877 Olaroz Producing 690
Lithium Americas Corp. TSX:LAC 672 Cauchari Construction 585
Bearing Lithium Ltd. TSXV:BRZ 37 Maricunga M&I Resource 1,160
Lithium X Energy Corp. TSXV:LIX 177 Los Angeles M&I Resource 456
Neo Lithium Corp. TSXV:NLC 121 3Q M&I Resource 716
Advantage Lithium Corp. TSXV:AAL 66 Cauchari Inf. Resource 380
Pure Energy Minerals Limited TSXV:PE 72 Clayton Valley M&I Resource 149
Wealth Minerals Ltd. TSXV:WML 161 Atacama Exploration untested
LSC Lithium Corporation TSXV:LSC 68 Various Exploration untested
Millennial Lithium Corp. TSXV:ML 68 Pastos Grandes Exploration 392
Sourced from Capital IQ on September 13, 2017
Bearing presented pro-forma post Li3 Energy acquisition
Grade (mg/L Li)StageCompany Ticker
M.Cap
C$MPrimary Project
MARICUNGA PROJECTHighest Grade Undeveloped Lithium Project
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Maricunga¹ Atacama²Hombre
Muerto³Olaroz⁴ Cauchari⁵
Los
Angeles⁶Tres Quebradas⁷ Rincon⁸ Uyuni⁹
Country Chile Chile Argentina Argentina Argentina Argentina Argentina Argentina Bolivia
OwnerLPI / MSB /
BRZSQM / ALB FMC
ORL /
Toyota /
JEMSE
SQM / LAC
/ JEMSE
LIX / SESA
/ AberdeenNeo Lithium
Energi
Group
(Private)
COMIBOL
(Gov't)
Lithium (mg/L) 1,160 1,835 744 690 584 451 714 397 424
Potassium (g/L) 8,500 22,626 7,404 5,730 4,849 4,945 6,537 7,513 8,719
Magnesium (g/L) 7,540 11,741 1,020 2,270 1,421 1,850 1,458 3,419 7,872
SO₄/Li 0.8 11.0 13.8 25.8 29.7 15.9 0.5 30.7 24.3
Mg/Li 6.5 6.4 1.4 3.3 2.4 4.1 2.0 8.6 18.6
K/Li 7.3 12.3 10.0 8.3 8.3 11.0 9.2 18.9 20.6
K/Mg 1.1 1.9 7.3 2.5 3.4 2.7 4.5 2.2 1.1
Altitude (masl) 3,800 2,300 4,000 3,900 4,000 4,000 4,100 3,700 3,700
Sources:
¹ Minera Salar Blanco NI 43-101 resource report, August 2017
² SignumBOX
³ Roskill, 2009
⁴ Salar de Olaroz Technical Report, May 2011
⁵ Cauchari-Olaroz Updated Feasibility Study, March 2017
⁶ Sal de Los Angeles Technical Report, August 2016
⁷ Tres Quebradas Technical Report, May 2017
⁸ Enirgi Group Press Release, July 2016
⁹ Roskill, 2009
MARICUNGA PROJECTJoint Venture Development Timeline
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Deliverables:
Pre-Feasibility Study (PFS) in Q4/17
Definitive Feasibility Study (DFS) in H1/18
PHASE 1 PHASE 2 PHASE 3
Exploration & Resource Drilling Groundwater Model Define Production Schedule
Pumping Well Drilling & Testing Reserve Estimation
Resource Update
Evaporation Pond Construction Pilot Plant / Process Design Pilot Plant Operation
Brine Sampling & Testing Brine Sampling & Testing Flowsheet Optimization
Pilot Plant Design Engineering Studies Brine Sampling & Testing
Monitoring Well Installation Environmental Monitoring Environmental Monitoring
Weather Station Construction Submission of EIA Government Approval
Infrastructure Plan
Award Engineering Contract
(WorleyParsons selected) Enginnering Design
Pre-Feasibility Study
Definitive Feasibility Study
Infrastrucure Studies
(Power & Water)
Resource Estimation
& Reserve Evaluation
Processing Test Work
Environmental
Impact Assessment
(EIA)
Feasibility Study &
Design Engineering
June 2017 December 2017 December 2018
US$12.45M Spent US$9.55M RemainingFully Carried for
US$22M Program
Completed
Underway
M&I Resource has tripled in size while adding a significant Inferred Resource and maintaining high grades
M&I Resource of 1.72 Mt of lithium carbonate (Li₂CO₃) plus Inferred Resource of 0.43 Mt Li₂CO₃
Updated resource does not incorporate resource below 200 metres (c.f. 360m hole which terminated in high-grade brine)
Exploration target could add an additional 1.0 to 2.5 Mt of lithium carbonate & 2.9 to 6.6 Mt of potassium chloride
MARICUNGA PROJECTUpdated Resource Estimate (NI 43-101)
12SEE APPENDIX FOR DETAILS
Brine Volume
(km³)
Concentration
(mg/L Li)
Concentration
(mg/L K)
Contained
(kt Li)
Contained
(kt K)
Measured 0.15 1,174 8,646 170 1,250
Indicated 0.14 1,071 7,491 155 1,100
M&I 0.30 1,143 8,292 325 2,350
Inferred 0.06 1,289 9,859 80 630
Numbers may not add due to rounding
Contained Lithium Carbonate
(kt Li₂CO₃)
Contained Potassium
Chloride (kt KCl)
Measured 900 2,400
Indicated 820 2,100
M&I 1,720 4,500
Inferred 430 1,200
Numbers may not add due to rounding
Lithium is converted to lithium carbonate (Li₂CO₃) with a conversion factor of 5.32
Potassium is converted to potassium chloride (KCl) with a conversion factor of 1.91
Resource estimate includes all concessions down to a depth of
200 metres
Potential for significant growth below 200 metres as evidenced
by hole S-19 which terminated in high-grade brine assaying 877
mg/L Li
Geophysical & seismic surveys indicate the extends to at least
400 metres and possibly more than 500 metres deep.
MARICUNGA PROJECTFuture Growth Potential
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MARICUNGA JVJV exploration holes, 2016
JV pump test wells, 2016
Assay results from ‘old code’ tenements are highly encouraging:
demonstrating grades consistent with or better than observed in the Litio
concession (which is host to the current M&I resource).
MARICUNGA PROJECTHigh Grade Results from Latest Drilling
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Hole TenementTotal
Depth (m)
Assay
Interval (m)
Lithium
(mg/L avg)
Potassium
(mg/L avg)
Lithium
(mg/L max)
M10 Cocina 200 40 1,239 8,611 1,571
M1 Cocina 77 75 1,447 9,903 1,946
M2 Cocina 198 190 931 6,605 1,700
S5 Salamina 200 186 1,005 6,934 1,270
S3 San Francisco 200 186 1,040 7,708 1,240
S13 San Francisco 200 186 999 7,294 1,260
S6 San Francisco 200 186 1,368 9,468 3,375
M1A Cocina 200 192 822 6,104 2,006
S2 Cocina 200 192 954 6,580 1,940
S18 Litio 173 168 1,382 11,041 1,740
S19 Cocina 360 336 975 7,273 1,614
P4 Cocina 180
Source: Lithium Power International Ltd. Press Releases
Pumping well averaging 25 litres per second
Results from Phase 1 exploration program (Sept’16 – Jan’17) successfully
delineated high-grade lithium brine in all holes, with 200m deep holes
averaging from 822 to 1,382 mg/L lithium and 6,104 to 11,041 mg/L
potassium.
Expansion of the lithium brine body is indicated as deep drilling
encountered a continuation of the sandy units to the end of the hole at
360m, suggesting significant additional brine underlies the current
resource drilling defined to 200m.
MARICUNGA JVJV exploration holes, 2016
JV pump test wells, 2016
Flow rates from pump testing at the Maricunga project are highly encouraging as they rank amongst the highest reported
values from other projects in South America
MARICUNGA PROJECTExtremely High Flow Rates from Pump Testing
15Images: V-notch weir (left) and fluid flow meter (right)
Field evaporation testwork began in October 2016
Initial testwork has been highly encouraging, with concentration increasing 5x over the first three months (from 1,260
mg/L to over 6,300 mg/L lithium by the end of December 2016).
Lithium concentrations continue to increase with potassium chloride precipitating in the ponds as the brine concentration
increases. Potassium chloride or potash is a beneficial by-product of lithium brine production.
WorleyParsons has been awarded a multi-million dollar contract to lead the project design and feasibility study work
MARICUNGA PROJECTDe-risking Plan Led by World Renowned WorleyParsons
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Image: Test evaporation ponds
MARICUNGA PROJECTTenement Map & Potential for Consolidation
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The Maricunga salar is located in northern Chile with excellent
infrastructure: adjacent to International Highway 31 (which
connects northern Chile & Argentina) with grid power accessible to
the east.
The project is located close to critical roads and port infrastructure:
170 km northeast of Copiapó and 250 km from the Chilean Coast.
The project is comprised of a number of tenements located in the
northern (lithium-rich) section of the Maricunga salar:
The Maricunga Salar has been subject to significant past
exploration under the previous partners, MSB and Li3 Energy.
More than US$30 million has been invested in these tenements
over the past four years. MARICUNGA JV
MARICUNGA PROJECTJoint Venture Structure
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All the tenements / concessions are held by the Maricunga Joint Venture company (Maricunga JV).
Under the terms of the joint-venture, Minera Salar Blanco (MSB) and Bearing (BRZ) are free carried with Lithium Power
International (LPI) funding all expenditures beyond to the delivery of a Definitive Feasibility Study (DFS) by 2018.
LPI has earned in an initial 32.5% through exploration, property and share payments totaling US$21.7 million. In order to
earn-in their remaining interest, up to a maximum of 50%, they are to fund an additional US$9.55 million in exploration and
development costs.
The Board and Technical Committee for the Maricunga JV will be split by LPI, MSB and Bearing.
Vested Interest
Current Final
MSB 43.6% 32.3%
BRZ 23.9% 17.7%
LPI 32.5% 50.0%
Additional US$9.6
million expenditures
by September 2018
All JV partners have
a right of first refusal
in the event of a sale
If LPI is unable to meet their financial obligations under
the earn-in agreement, Bearing & MSB may:
• Repurchase LPI’s vested interest at a 20% discount
• Contribute funds to earn the remaining interest
In Chile, lithium is considered “strategic” and therefore under the current mining law, it is a non-concessible substance
Only mining exploitation concessions initiated before 1979 are authorized for the exploitation of lithium. The Cocina, San Francisco, Salamina, and Despreciada mining concessions fall under this category (also referred to as “old code” or “grandfathered” tenements / claims)
The Chilean government acknowledges that it is time to redefine the strategic categorization of lithium and new government has lithium as a priority
In June 2014, the government established the National Lithium Commission to recommend a new State Policy for the exploitation of lithium and promotion and development of new projects
The recent announcements by the Chilean government provide positive steps for the lithium industry in Chile. Government is committed to provide mechanisms for non-grandfathered lithium claims to advance their projects and Chilean President directly instructed Codelco to move forward with its Maricunga and Pedernales lithium claims to promote new lithium production.
In early 2017, Codelco announced it had formed a lithium subsidiary to facilitate a process is its currently running to identify a partner for it’s lithium projects, for which it anticipates to announce by year-end 2017. In addition, Codelco was recently awarded a permit by the Chilean Nuclear Energy Commission (CChEN) to extract up to 1.73 Mt of lithium carbonate (325,045 t Li) from the Maricunga salar.
In early 2017, the Government granted Albemarle (NYSE:ALB) an amendment of it’s lithium production rights with the Chilean Economic Development Agency (CORFO) to expand its quota to 80,000 tonnes annually of technical and battery grade lithium sales over the next 27 years.
Government initiatives bring Chile to the forefront to advance lithium production in one of the best jurisdictions worldwide, attracting world class strategic partners
CHILEAN MINING LAW AND WAY FORWARDSpecial Circumstances Around Lithium
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MANAGEMENT TEAMKnowledgeable, Experienced, Proven
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Jeremy Poirier | President and CEO
Jeremy Poirier has over 12 years of experience in the capital markets, built
a strong network of investor and industry contacts, served on a number of
boards, and held senior officer positions at several public and private
companies. Most recently, Mr. Poirier was a co-founder of Pure Energy
Minerals Limited (TSXV:PE) and served as a Director from December
2013 to September 2016, in addition to holding a senior management role.
During his tenure with Pure Energy, he reviewed numerous lithium assets
and fostered relationships with various partners throughout the supply
chain. Mr. Poirier was instrumental in the formation of Bearing Resources
in it’s current form, including facilitating a number of over-subscribed
capital raises, in addition to the acquisition of Li3 Energy and a number of
other corporate developments. He also serves as a Member of Advisory
Board at Nevada Energy Metals Inc. (TSXV:BFF) since April 2016 and
serves as a Director of CVR Medical Corp. (TSXV:CVM) since September
2016.
Benjamin Asuncion | VP Business Development
Ben Asuncion has over a decade of experience in the capital markets and
natural resources sector. Mr. Asuncion was at Haywood Securities Inc., a
privately owned Canadian brokerage firm, in equity research from 2007
through to 2016. As a research analyst, he covered companies from
exploration through to production in the precious metals, diamond and
lithium space. Prior to joining Haywood, Benjamin was involved in the
management of an endowment fund at Simon Fraser University (SFU).
Mr. Asuncion holds a Bachelor of Business degree from SFU with
concentrations in finance, accounting and management science.
Luis Saenz | President of South American Operations
Mr. Saenz is a finance executive with nearly 25 years of experience in
mining finance and metals trading with a focus on Latin America. Mr.
Saenz has served as CEO and Director of Li3 Energy since 2009, in
addition to serving on serving on the board of Atico Mining (TSXV: ATY)
and acting as an advisor to Faro Capital in Peru for all mining transactions.
Throughout his career, Mr. Sáenz has held senior rolls with Standard Bank
of South Africa, Merrill Lynch and Pechiney World Trade. He holds a
degree in Economics and International Affairs from Franklin & Marshall
College in Lancaster, PA.
Ann Fehr | CFO & Corporate Secretary
Ann Fehr is the founder of Fehr & Associates and has several years of
senior management and consulting experience. She has worked in
management since she received her CGA designation in 1996. During her
career she also spent several years providing senior level accounting
services to publicly traded companies and currently holds CFO positions in
several. As such, Ann is specially qualified to assist with senior
management level problem solving and support the CFO/controller
functions of a company. The majority of Ann's senior management and
board governance experience is in the real estate and mining industries,
as well as through volunteer work. She has also worked extensively with
tax and year end accounting.
BOARD OF DIRECTORSKnowledgeable, Experienced, Proven
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Jeremy Poirier | Bearing President, CEO and Director
Patrick Cussen | Director
Mr. Cussen is an industrial civil engineer with 45 years of mining industry
experience. He has extensive experience in minerals and mining and
specifically in marketing, sales, project exploration, project evaluation and
economic assessments. Mr. Cussen is currently the Chairman of the Board
of Li3 Energy Inc. (“Li3”). As previously announced, the Company has
entered into a binding letter of intent to acquire an interest in the
Maricunga Lithium Project in Chile from Li3. Mr. Cussen has served as the
Chairman of The Center for Copper and Mining Studies for 15 years,
Cesco, a Chilean think tank on mining. Mr. Cussen holds an engineering
degree and a Masters of Economics from the University of Chile.
Timothy W. Heenan | Director
Mr. Heenan has over 26 years of exploration experience throughout the
Americas, and has worked exclusively in South and Central America since
1990. Mr. Heenan has a wide range of diversified exploration experience
throughout a range of geographic and geologic environments and is
considered to be a highly skilled explorationist. Mr. Heenan has extensive
experience in design and implementation of generative to advanced
exploration activities, and has been directly involved in the discovery and
advancement of several high profile projects which are currently in
production, and others entering into their feasibility stage. Mr. Heenan is a
founder of Mirasol Resources Ltd, and a former director of Mirasol for over
12 years since its inception and listing on the Canadian Ventures
Exchange. Mr. Heenan has been based in Mendoza, Argentina with
Mirasol as Exploration Manager since its inception in 2003, and prior to
that lived and worked for numerous mining and exploration companies in
Chile for over a decade.
Kirk Shaw | Director
Mr. Shaw retains extensive experience with public company disclosure
requirements, tax law and business development. Shaw is currently the
head of Odyssey Media Inc. With offices in Vancouver, Los Angeles and
Brisbane, Kirk actively finances and produces multimillion dollar movies
with stars such as John Cusack and Sharon Stone. His past work in the
entertainment industry includes the academy award winning The Hurt
Locker as well as leading Canada's largest independent film and television
production company where he produced, financed and delivered over 165
movies, series and documentaries (aggregate revenue exceeding $600
million) to clients such as Sony and NBC Universal. In addition to the
entertainment industry, Kirk Shaw is an active director, officer and investor
in exploration companies listed on Canadian stock exchanges.
Amar Balaggan | Director
Mr. Balaggan is a Certified General Accountant (C.G.A., C.P.A.) and holds
a Bachelor of Technology degree in Accounting, along with a Diploma in
Financial Management, from British Columbia Institute of Technology
(BCIT). He was one of the founding members of Odyssey Media Inc. and
has been serving as Odyssey Media Inc.'s Corporate Controller since
2009. Mr. Balaggan has worked as the Corporate Controller at Insight Film
Studios Ltd, as the treasurer for a local non-profit, as an tax advisor /
accountant at a local Chartered accountant Firm and has also served as
the Chief Financial Officer at Sophia Capital Corporation (TSX-V) and
Folkstone Capital Corporation (TSX-V).
TECHNICAL ADVISORSVast Experience in Lithium Brine Deposits in South America
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Don Hains, P. Geo. — Qualified Person under TSX NI
43-101 Standards
An industrial minerals exploration and economic geologist with over 35
years of experience in development, use and analysis of industrial
minerals properties; Prepared valuation reports to feasibility and market
studies in Canada, United States, Europe, Africa and Asia; Registered
Professional Geoscientist (Ontario License #0494); Author of CIM Best
Practice Guidelines for Estimation of Lithium Brine Resources and
Reserves.
Frits Reidel, CPG — Qualified Person under TSX NI 43-
101 Standards
Hydrogeologist with 25 years of working experience on water, brine and
infrastructure related projects for the mining industry in North and South
America; Previously involved with the reserve evaluation and feasibility
study of Orocobre Ltd; Technical advisor to Lithium Americas Corp on the
Cauchari Lithium Project, and participated in the initial resource evaluation
of Salar de Hombre Muerto for FMC.
Robert Cameron P. Geo. – Advisor & Qualified Person
Mr. Cameron is a graduate of Carleton University and a member of the
Association of Professional Engineers and Geoscientists of British
Columbia. Mr. Cameron has over 30 years of experience in the mining
industry. He was the Chief Executive Officer (and President until Aug
2010)of Valley High Ventures from Sept 2008 to March 2011, when it was
sold for ~$120 million. He held the position of Vice President and Manager
of Exploration for Phelps Dodge Corporation of Canada Limited (a
subsidiary of Freeport McMoran Copper and Gold Inc.) between 2001 and
2008. Mr. Cameron's career includes all aspects of mining exploration
throughout the world including North and South America, Asia and Europe.
Mr. Cameron is a qualified person for the purposes of NI 43-101.
Peter Ehren, Aus IMM
Independent consultant, expert in development processes and technical
and economic assessment of new projects, especially relating to lithium
(brine and minerals) and potassium. Previously evaluated projects in
China, Chile, Argentina, and Australia and currently working for Orocobre.
Macarena Gonzalez
Environmental consultant, expert in the environmental and social fields,
current consultant and partner of Process and Environmental Consultancy;
Handled environmental matters and developed DIA’s and EIA’s for Salar
de Olaroz, Salar de Maricunga, Salar de Aguas Calientes, among others.
Pedro Pavlovic
Chemical senior engineer with 40 years of experience in project
development, particularly in production of potassium nitrate, lithium
carbonate, potassium chloride, and iodine. Previously prepared sampling
procedures for brine, evaporation design for test work and lithium
processing routes.
Carlos Espinoza, PhD
Current Associate Professor of Universidad de Chile, extensive experience
in hydrogeological simulation and modeling, baseline studies evaluation of
environmental impact studies and water resources, and evaporation well
simulation (Salar de Atacama).
BEARING CAPITALIZATIONCapital Structure & Financial Position
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Current Insider Ownership: 8%Insider Ownership Post-Transaction: 16%
CONTACT INFORMATION
Jeremy Poirier | President & CEO
(604) 262-8835
TSX-V:BRZ OTCQB:BRGRF