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HIGH-GRADE GOLD IN NORTHERN IRELAND Q1 2017 The Curraghinalt Project is located approximately 1.5 hour drive from Belfast in County Tyrone and benefits from the proximity to key regional infrastructure including: Access to the project site via various paved highways and local roads A direct route to the Derry Port which is located about 50 km to the north Lodging and local labour provided by the nearby towns of Gortin, Greencastle, Rouskey and Omagh Northern Ireland is self-governed by the NI Executive and the NI Assembly. Dalradian Resources Inc. is in the final stages of preparing the Planning (permitting) Application for the construction of an operating mine at Curraghinalt. Components of the Planning Application include a Project Description based on the recently released Feasibility Study and an Environmental and Social Impact Assess- ment prepared by SRK Consulting. Dalradian has completed its work program to further support the Planning Application including: In-fill drilling that has led to an increase in Measured and Indicated ounces by 109% over the 2014 resource estimate; Over 960 metres of underground exploration that brings total development to 1,700 metres; and Positive results from three mechanized long hole test stopes that returned high grades and recovered an average of 50% more gold than predicted by the resource model. Toronto Stock Exchange (TSX): DNA London Exchange (AIM): DALR Highlights from the Feasibility Study — Released Q4 2016 Dalradian has released the details of its Feasibility Study on its Curraghinalt Gold Project. The work program for 2017 is focused on exploring the multiple opportunities further enhance the economics of the project. Proven and Probable Mineral Reserves of 1.44 Moz of gold (5.24 Mt at 8.54 g/t Au) After-Tax IRR of 24% and NPV(5%) of US$301 Million Initial CAPEX of US$192 Million Feasibility Study Highlights Underground mine using primarily long hole mining Average annual production of 130,000 oz per year at an AISC of $674/oz At year 5, production increases above 150,000 oz per year. Full details and disclosures from the 2016 Feasibility Study can be found in the press release dated December 12, 2016 found on the company website or at www.sedar.com Northern Ireland
Transcript of Released Q4 2016s1.q4cdn.com/162468244/files/Fact_Sheet/DNA-Fact-Sheet-Q... · 2017-01-20 ·...
HIGH-GRADE GOLD IN NORTHERN IRELAND Q1 2017
The Curraghinalt
Project is located
approximately 1.5 hour drive from
Belfast in County Tyrone and
benefits from the proximity to key
regional infrastructure including:
Access to the project site via
various paved highways and local
roads
A direct route to the Derry Port
which is located about 50 km to
the north
Lodging and local labour provided
by the nearby towns of Gortin,
Greencastle, Rouskey and Omagh
Northern Ireland is self-governed by
the NI Executive and the NI
Assembly.
Dalradian Resources Inc. is in the final stages of preparing the
Planning (permitting) Application for the construction of an operating
mine at Curraghinalt. Components of the Planning Application
include a Project Description based on the recently released
Feasibility Study and an Environmental and Social Impact Assess-
ment prepared by SRK Consulting.
Dalradian has completed its work program to further support the
Planning Application including:
In-fill drilling that has led to an increase in Measured and
Indicated ounces by 109% over the 2014 resource estimate;
Over 960 metres of underground exploration that brings total
development to 1,700 metres; and
Positive results from three mechanized long hole test stopes that
returned high grades and recovered an average of 50% more
gold than predicted by the resource model.
Toronto Stock Exchange (TSX): DNA London Exchange (AIM): DALR
Highlights from the Feasibility Study — Released Q4 2016
Dalradian has released the details of its Feasibility Study on its Curraghinalt Gold Project. The work
program for 2017 is focused on exploring the multiple opportunities further enhance the economics of the
project.
Proven and Probable Mineral Reserves of
1.44 Moz of gold (5.24 Mt at 8.54 g/t Au)
After-Tax IRR of 24% and NPV(5%) of US$301 Million
Initial CAPEX of US$192 Million
Feasibility Study Highlights
Underground mine using primarily long hole mining
Average annual production of 130,000 oz per year at an AISC of $674/oz
At year 5, production increases above 150,000 oz per year.
Full details and disclosures from the 2016 Feasibility Study can be found in the press release dated December 12, 2016 found on the company website or at www.sedar.com
Northern
Ireland
Board and Management
Jim Rutherford, Director,
Non-Executive Chairman
Director of Anglo American, Former
Senior Vice President of Capital
International Investors (a division of
Capital Group), Native of Northern
Ireland
Nicole Adshead-Bell, Director
More than 20 years experience in
mining sector and capital markets;
Former director of mining research at
Sun Valley Gold
Patrick F. N. Anderson, Director
President & CEO, Founder & Former
CEO of Aurelian Resources, ‘08 –
PDAC International Mineral Discovery,
‘08 – Northern Miner Man of the Year
Patrick Downey, Director
Former CEO of Elgin Mining Inc., Aura
Minerals Inc., Viceroy Exploration Ltd.,
Native of Northern Ireland
Ronald Gagel, Director
CFO of TMAC Resources; Former CFO
of FNX Mining and Aur Resources;
2013 – PDAC Distinguished Service
Award
Thomas Obradovich, Director
Founder & Former CEO of Young-
Davidson Mines; Former Director of
Aurelian Resources
Sean Roosen, Director
Founder & CEO of Osisko Royalty
Corp; Former Founder & CEO of
Osisko Mining Corporation; 2008 –
Prospector of the Year – Canada; 2009
– Northern Miner Man of the Year
Jonathan Rubenstein, Director
Director of Eldorado Gold and Detour
Gold; Chairman & Director of MAG
Silver and Roxgold; Former Director of
Aurelian Resources, Sutton Resources,
Canico Resource and Cumberland
Resources
Eric Tremblay, COO
Former General Manager of Canadian
Malartic, General Manager of
IAMGOLD’s Westwood Project
Keith McKay, CFO
Former CFO of Andina Minerals and
Aurelian Resources; Director at Osisko
Mining Inc.
Toronto Stock Exchange (TSX): DNA London Exchange (AIM): DALR
Corporate Office and Investor Relations — Marla Gale, VP, Communications
Dalradian Resources Inc., Queens Quay Terminal, 207 Queen’s Quay West, Suite 416 Toronto, Ontario M5J 1A7
Tel: +1 416 583 5600 [email protected]
Analyst Coverage and Market Capitalization
Resource Growth Potential
Dalradian holds 6 mining licenses covering over 122,000 hectares
centered on the high-grade Curraghinalt Deposit. Curraghinalt is an orogenic style
gold deposit analogous to those found within the Abitibi Region in
Canada and the Lachlan Gold belt in Australia. The Deposit is open in all
directions and lies within a mostly unexplored strike length of 12 km. Drilling and
sampling outside of the Mineral Resource area have returned a
number high-grade discoveries. Regional exploration is focused
on soil sampling new prospect areas.
