Minsud

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Corporate Presentation March 2013

Transcript of Minsud

Page 1: Minsud

Corporate Presentation

March 2013

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Disclaimer

• The content of this Power Point Presentation and any related information you will read in the pages that follow (the “Information”) has

been prepared by Minsud Resources Corp. (the “Company”) on the basis of information and sources believed to be reliable. However,

the Information does not take account the investment objectives, financial situation and particular needs of any particular person and is

not intended to be considered by any person as general advice to any class of persons. Therefore, you should not rely on the

Information and should obtain relevant and specific professional advice to evaluate and assess the Information.

• The Company makes no representation or warranty, nor assumes any responsibility whatsoever, in respect to the Information. Without

limiting the generality of the foregoing, The Company does not represent or warrant that the Information is complete, accurate, or true.

Consequently, you should not rely on the Information to make any decision, and if so, you shall bear the entire risk of such decision.

Under no circumstances should any part of the Information should be construed to constitute an offering to invest in the Company.

• The Company reserves the right, at its sole discretion, to modify all or any part of this presentation without any liability or notification to

any person. This Information includes statements which may be considered forward–looking. These forward-looking statements reflect

the current internal projections, expectations or beliefs of the Company based on information currently available to the Company.

Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made

by the Company with securities regulatory authorities, that may cause the actual results of the Company to differ materially from those

discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no

assurance that they will have the expected consequences to, or effects on the Company".

• By requesting the delivery of the Information you agree that the Company and its officers, managers, agents, directors or associates

shall have no liability towards you resulting from any use of the Information by you, your officers, managers, agents, directors or

associates and you waive, to the fullest extent permitted by law, any right to claim to the Company any losses or damages, including,

without limitation, direct or indirect damages, consequential or special damages, loss of use, data or profits, costs or expenses incurred

or suffered by you, your officers, managers, agents, directors or associates (in this case agreeing to indemnify the Company in case

any of such persons claims the Company’s liability for any of such losses or damages) arising out of or in connection with the access to,

use of, reliance on, the Information which shall be provided, whether due to inaccuracy, error, omission or any other cause and whether

on the part of us, our officers, managers, agents, directors or associates or any other person.

• Mr. Howard Coates, Professional Geoscientist, Director of the Company and a geological consultant, is a qualified person as defined by

Canadian National Instrument 43-101. Mr. Coates has read and approved the contents of this presentation

• This Presentation must not be disclosed, copied, published, reproduced or distributed in whole or in part at any time without the prior

written consent of the Company and by accepting the delivery or making to it of this presentation, the recipient agrees not to do so and

to return any written copy of this presentation to the Company at the request of the Company.

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• Minera Sud Argentina SA (MSA) was set up as an Argentinean private

company in 2004 .

• The key drivers during early stage were management with

entrepreneurial spirit and highly supportive seed investors.

• Management acted under the leadership of Mr. Carlos Massa, and the

seed investors were the Benetton Group in Argentina (60%) and Ing.

Alberto Orcoyen (40%).

• Our initial goal was to develop a significant portfolio of grass roots

in poorly explored areas of Patagonia.

• This was our first milestone.

• In 2006 we commenced the exploration of Chita, that became into the

“Quoin” of our flag ship, the Chita Valley Project.

I. Story

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• During the following years we extended the area to the adjacent

properties, Brechas Vacas (west) and Minas de Pinto and Chita II

claim (east), putting the area of geological interest “vis a vis” with the

mining right.

• Chita is a porphyry style mineralization with widespread indication

of epithermal high, intermediate and low sulphidation .

• At present, Minsud through its affiliate MSA, controls the properties as

follows:

• MSA Owns 100% of Chita mining rights.

• MSA is the beneficial owner of 50% of the Brechas Vacas Trust

that is the 100% owner of the Brechas Vacas Properties.

• The remaining 50% beneficial interest in the Trust is subject to a

purchase option (2017).

• MSA has an Option to Purchase 100% of the Minas de Pinto

properties (2017).

( See more detail in Minsud Financial Statements note 6)

I. Story (continued)

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• In 2011 Minsud Resources Corp. concluded a reverse take over with

Rattlesnake Ventures concurrently with the acquisition of MSA´s

shares, its qualifying transaction, and C$ 5.5 million Private Placement

financing.

• Taking Minsud to high quality standards of Corporate and Finance was

our second milestone.

• During 2012, the venture capital market went into a deep depression

undervaluing any business perceived as risky.

• Management defended successfully the Company´s valuation by issuing

shares above market price also avoiding a significant dilution to the

former shareholders.

• The company´s 2012 Business plan was financed by former seed

investors and the incorporation of a new one, Panedile S.A (a large

constructor with a branch in underground mining) also with a long

term vision.

I. Story (continued)

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• The CHITA VALLEY PROJECT,

Central Andes, San Juan

Province. 12,900 ha., our Flag

Ship.

• La Rosita – Deseado Massif –

Santa Cruz Province. 10,000 ha.

• Selected grass of roots, 50.000

ha in Santa Cruz (18,000 ha),

Chubut (23,000 ha) and Rio

Negro (9,000).

II. MSA portfolio of properties

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• An early stage of development commenced mid 90´s with the enactment of

the Promotional Mining Laws.

• Highly favorable geological settings for wide range of commodities in a

large and underexplored mineralized surface.

• Among the most remarkable regions we can highlight: Cordillera de los

Andes, Pre-cordillera, the Puna Plató, Sierras Pampeanas and the

Deseado Massif.

• The country production of precious and base metal is based on 11

productive mines. There are also 5 mines under development and at least

13 advanced explorations.

• There are an extensive activity in M&A deals and also many stories of

success.

• Comparable exports in the region, are about : Chile C$ 50.0 billion, Peru

C$ 40.0 but Argentina just less than C$ 5.0. A long way to go

III. Exploration and mining in Argentina

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IV. Mining in Argentina – Key Players

Province Operative Mines Mines under development Advanced projects

Jujuy Aguilar (Glencore)

Pirquitas (Silver Standard)

Salta El Quevar (Golden Minerals)

Lindero (Mansfield Minerals)

Rio Grande (Regulus Resources)

Catamarca Bajo la Alumbrera (Xstrata Cooper) Agua Rica (Goldcorp, Xstrata)

Farallon Negro (YMAD)

San Juan Veladero (Barrick) Pascua - Lama (Barrick) Pachón (Xstrata Cooper)

Gualcamayo (Yamana) Los Azules (McEwen Minerals)

Casposo (Troy Resources) Altar ( Stilwater)

Del Carmen ( Malbex)

Chubut Navidad (Pan American Silver)

Calcatreu (Pan American Silver)

Santa Cruz Cerro Vanguardia (Anglogold) Cerro Negro (Goldcorp) Cerro Moro (Yamana Gold)

San José (Hoschild- McEwen) Cap Oeste (Patagonia Gold) Cerro Puntudo ( Yamana Gold)

Mananthial Espejo (Pan American Silver) Don Nicolas (IRL) Joaquin (Coeur D´alene)

Martha (Coeur D´alene) La Josefina ( Hunt Mining)

Precious and Base metals

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U$S 20,0 million. May 6th, 2009. Troy Resources acquires Casposo, gold – silver

project, San Juan

$ 626 million. October 30, 2009. Pan American Silver acquires Aquiline

(Navidad – Chubut and Calcatreu- Rio Negro projects)

$ 3,6 billon. September 2nd, 2010. Goldcorp Acquires Andean Resources

(Cerro Negro – Santa Cruz)

U$S 487,1 million. July 11, 2011. Stillwater acquires Peregrine Metals. (Altar

project - San Juan)

U$S 110 million. September 1, 2011. Xstrata Copper, Goldcorp And Yamana

Finalize Four-Year Option Agreement On Agua Rica.

U$S 414 million. June 18, 2012. Yamana acquires Extorre Gold Mines Ltd (Cerro

Moro – Santa Cruz).

U$S 60 million. December 11, 2012. Mirasol sold the 49% interest in Joaquin

Silver-Gold project (100 km north from La Rosita) to Coeur d'Alene Mines

Corporation, US$30 million in cash and US$30 million in shares.

V. Intensive activity in M&A deals

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• The country was growing at almost Chinese rates during past decade, but in

2012 went into a non-growing period.

• Country´s GDP is about 500 billion while external debt slightly above one

third, mainly long term restructured.

• Government and Social Security Institutions hold about the half of this

amount.

• During past decade, the country has been paying interest services and

capital at maturity with no new access to the capital market.

• In this framework the mining development is called to become the second

engine to grow added to the existing agricultural and agribusiness sector.

• The most important aspects affecting the domestic market are the high

inflation and restriction on the foreign exchange market that came up as

a palliative to the impact of the European crisis.

VI. Argentine Outlook

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• Based on shares issued, we feel

Minsud has potential for raising

more money when appropriated.

• Currently, management believes

that market does not recognize

the real value of the company.

• Our current cash position up to

date is about C$ 800,000.

VII. Minsud- Share Structure

I. Share Structure

Share Structure Shares

Authorized shares: Unlimited

Issued and outstanding 39,738,266

Stock Options 3,795,000

Warrants and other options 18,954,933

Fully diluted 62,488,199

II. Significant shareholders

Significant shareholders Shares %

Richmond Capital 8,250,000 20.8%

Compañía de Tierras Sud Argentino S.A. 8,200,300 20.6%

Alberto F. Orcoyen 3,215,713 8.1%

Panedile S.A.I.C.F.e I. 3,157,896 7.9%

Pinetree Capital Corp 2,500,000 6.3%

TOTAL 25,323,909 63.7%

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• During this first semester Minsud will complete a systematic exploration

at the Chita Valley Project in order to define high quality drilling targets.

• We have already started to look for a JVP among majors and larger

explorers and expect to have proposals according to the size and quality of

the Chita Valley Project in two or three months.

• After joint venturing the Chita project, Minsud will continue to explore

early stage projects within its own portfolio or searching for new deals into

the market.

• These actions will allow Minsud to participate in the great opportunity

that exists in an underexplored country, such as Argentina.

• Consolidating Minsud as a solid player in the long run while

minimizing financial risk will be our future milestone.

• Intensify Investor Relations activities, it is a still a pending matter, to

enhance investor base and provide stock floating.

VIII. Minsud - 2013 Business Plan

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• Carlos Massa, public accountant

Minsud Resources Corp – President & CEO

Mr. Massa has guided the steady growth of MSA since inception and, in doing so,

contributed to the company capitalization through asset generation. Endowed with

entrepreneurial spirit he also directed the process of listing Minsud shares in the TSX-

V. He was also founding partner at Latin American Minerals acting as Director. Mr.

Massa has developed his professional carrier through many management and

directorship positions in the banking industry, real state and the Miguens Bemberg

Family Fund, acquiring practice on corporate finance and M&A.

• Howard Coates, P. Geo.

Minsud Resources Corp – Director and Vice President Exploration

An economic geologist with over 42 years of diversified experience, Mr. Coates has

extensive knowledge of mineral deposits gained through many years of post-graduate

experience in diverse parts of the world. Until recently Vice President of MPH

Consulting Limited, Mr. Coates worked for major international mining companies,

Falconbridge Limited and Billiton Canada Limited in Canada and Australia during

the first 15 years of his career. Mr. Coates joined Minsud as a director in October,

2011, and as an officer in January, 2012. As Minsud' Vice-President of Exploration he

oversees the design and implementation of the company’s exploration programs.

IX. Management

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• Roberto Milanese

Minera Sud Argentina S.A. Exploration Vice President

Mr. Milanese is a senior exploration geologist with 30 years experience. He served

as exploration geologist for Minas Argentinas S.A. and El Desquite S.A., and was

responsible for the recognition an discovery of the Esquel Gold Deposit. He has also

served as President of Golden Peaks Resource Ltd. (Argentina) and was

responsible for the discovery of La Fortuna Gold Deposit in Chubut Province.

• Paul F. Andersen

Minsud Resources Corp - Chief Financial Officer

Mr. Andersen is the managing partner of Forbes Andersen LLP, a Toronto firm of

Chartered Accountants, and has over 15 years experience in senior management

roles with numerous public and private corporations. Mr. Andersen is a Certified

Public Accountant and a Chartered Accountant.

IX. Management ( continued)

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CANADA | Headquarters Minsud Resources Corp. 56 Temperance Street, Suite 200 Toronto, Ontario, M5H 3V5, Canada Phone / Fax : +1 (416) 479 4466

ARGENTINA | Headquarters Minera Sud Argentina S.A. Esmeralda 684 piso 13° - (CP. 1007) Ciudad de Buenos Aires - Argentina Phone / Fax : + 54 (11) 4328 4067

[email protected] www.minsud.com