Advanced Stage Diamond Exploration in Canada - Corporate Presentation - January 2019 - Proactive Investors
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Advanced Stage Diamond Exploration in Canada Corporate Presentation - January 2019 TSXV:DVI │ WKN: A1W3XF │ OTC:OCPFF www.dunnedinventures.com TSXV:DVI
Forward Looking Statement This presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this presentation and Dunnedin Ventures Inc. does not intend, and does not assume any obligation, to update these forward- looking statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing. This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities of Dunnedin Ventures Inc. The reader is cautioned that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and might never be converted into Reserves. Figures may not sum due to rounding. Decimal figures do not indicate added level of precision. Cpt = carats-per-tonne; Mct=million carats; Mt=million tonnes Historic information reported herein was obtained from publicly available sources and industry reports. Dunnedin believes this information to be from reliable sources using acceptable industry practices at the time, but the Company has not independently verified and cannot guarantee the accuracy of the historic information disclosed, therefore readers should use caution in placing reliance on such information. Management also cautions that Dunnedin has not performed any exploration on the MPD Project to date. Comparisons to adjacent or similar mineral properties, deposits and mines are provided for information purposes only. Dunnedin has no interest in, or rights to explore or mine any such properties and references to other deposits reported herein are not indicative of deposits or results obtained on the Company's properties. Jeff Ward, P.Geo, is the Qualified Person as defined by NI 43-101 standards responsible for reviewing the technical content of this presentation. TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 2
Advance Stage Exploration in Canada Advanced Exploration Kahuna Diamond Project (100%), Nunavut ◆ High-grade, near-surface inferred resource of 4 mt @ 1.01 cpt for 4 mcts, open along strike and at depth ◆ Significant discovery potential; high priority kimberlite pipe targets to be drilled in 2019 ◆ Diamond legend Dr. Chuck Fipke, Kahuna technical advisor and largest shareholder (10%) Trapper Exploration Trapper Copper-Gold Project MPD MPD Copper-Gold Project ◆ Two porphyry projects with immediate exploration upside and significant size potential ◆ 100% owned, in British Columbia TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 3
Track Record of Discovery & Shareholder Returns Christopher Taylor, M.Sc. P. Geo, CEO & Director Mining entrepreneur and founder of Dunnedin, 20+ years of experience with producers and exploration companies. Founder, CEO & President of Great Bear Resources and Director of Solstice Gold. Claudia Tornquist, M.Eng, MBA, President & Director Formerly GM at Rio Tinto working with Rio Tinto’s diamond and copper operations. Led $176m sale of the Kennady Diamonds to Mountain Province as chair of the special committee of the board. Director of Silver One Resources. Dr. Charles (Chuck) Fipke, Ph.D., Advisor Discoverer of Canada’s first diamond mine at Ekati, NWT, Dr. Fipke’s vision and scientific insight was instrumental in the emergence of the Canadian diamond industry. Dr. Fipke is a world-renowned expert on diamond exploration and indicator mineral geochemistry and has received an honorary Doctorate of Technology from Okanagan University College and numerous awards. John Robins, P.Geo, Advisor 30+ years of corporate experience with publicly listed companies. Currently Director of Northern Empire, ValOre Metals, Bluestone Resources, K2Gold. Founder and Director at Kaminak Gold through to its acquisition by Goldcorp for $520 million in 2017. Co-founder of Hunter Exploration and Stornoway Diamonds. TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 4
Board, Advisors, Management Board Members Management Chad Ulansky, B.Sc. P.Geo, Director Jeff Ward, P.Geo, VP Exploration Extensive diamond and other exploration experience that Diamond exploration and discovery in Canada. includes the original Ekati diamond discovery. President ValOre Metals, exploration with Corona Corp., Ashton Mining, Stornoway Diamonds. Gary Schellenberg, B.Sc. Geology, Director 30 years with diamond exploration in the Northwest Andrew Berry, VP Operations Territories. Director of Winspear Resources, which sold Exploration in arctic environments for 15+ years. the Snap Lake diamond mine to DeBeers in the 1990’s. Steven Krause, CPA, CA, ICD.D, Director Emily McNie B.Sc, Project Geologist CFO of Viva Gold Corp. and former CFO of Bear Creek Project geologist in the artic since 2011. Mining. Former chairman of Luna Gold, where he led the $360m merger with JDL Gold to form Trek Mining. Denise A. Lockett, Community Relations 25+ years in the NWT and Nunavut. Formerly with Tony Ricci, CA, CFO & Director BHP Billiton’s Ekati Diamond Mine. Chartered accountant with 20+ years of practice experience. Instrumental in several major mining project Knox Henderson, Investor Relations sales. 20 years marketing, investor communications for TSX-V and NASDAQ listed companies. Advisors Tom McCandless, Ph.D., P.Geo, Diamond specialist with over 35 years of industry experience including Chief Mineralogist for Stornoway Diamond Corp., Ashton Mining and Superior Minerals. Jim Paterson, B.Comm 20 years of corporate experience with North American publicly traded companies: Northern Empire, Bluestone Resources, former Director at Kaminak Gold. TSXV:DVI . │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 5
Attractive Diamond Market Fundamentals ◆ Global natural diamond production peaked in 2017 and is forecasted to decrease for several years; estimated decline of 2.8% in 2019 ◆ Declining production and closure of several large mines (e.g. Argyle, Victor, Voorspoed, Mir, Jubilee, Ekati) and only one sizeable new mine under development, Alrosa’s Luaxe in Angola ◆ Global consumer diamond demand forecasted to grow at 3.5% in 2019, driven by economic growth in key markets (US, China, India) TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 6
Kahuna Project - Favorable Location & Infrastructure ◆ Large land holding and diamond rights to 1,664 km2 in Nunavut ◆ Property only 26 km from communities of Rankin Inlet & Chesterfield Inlet ◆ Near airports and deep water shipping access on Hudson Bay Kahuna Camp ◆ Contiguous with Agnico Eagle’s Meliadine property (mine under construction) ◆ Construction of all- weather road in progress; will cross project area ◆ Winter trail route passes by Kahuna camp Primary Development Rights (PDR) and Secondary Development Rights (SDR) were defined as part of the spin-out of Solstice Gold Corp from Dunnedin Ventures in 2017. Dunnedin’s PDR include all mineral rights related to diamonds. SDR gives Dunnedin the right to propose diamond exploration programs, which are granted at the discretion of Solstice. Agreement allows exclusive right for the parties to exchange rights on their respective claims. For additional details please see the Solstice Gold 2017 NI 43-101 Technical Report available on www.sedar.com. TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 7
Attractive Diamond Population ◆ Diamonds recovered from historic and current exploration show encouraging value characteristics ◆ Most recovered stones are clear and colorless variants of octahedra ◆ Historical recovery of large diamonds including a reconstructed 13.4 carat diamond ◆ Presence of specific indicator minerals associated with large diamonds, as determined by Chuck Fipke’s proprietary research and laboratory 16 stones (+1.18 mm) from DVI 2015 analysis PST kimberlite sample (2.03 t) TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 8
High-Grade, Near-Surface Diamond Resource ◆ $30M historical expenditure and large geophysical, sampling and drill database ◆ Maiden Inferred Resource: 4 mcts on two kimberlite dikes, Kahuna and Notch ◆ Average Grade: 1.01 carats per tonne ◆ Kimberlites exposed at surface and open along strike and at depth ◆ Steeply dipping orebody geometry amenable to low-cost mining methods Average Grade Average Grade cpt Total Carats Total Carats Classification Kimberlite Tonnes cpt (+0.85 mm (+1.18 mm cut- (+0.85 mm cut- (+1.18 mm cut-off) off) off) cut-off) Kahuna 3,066,000 1.04 0.80 3,189,000 2,453,000 Inferred Notch 921,000 0.90 0.83 829,000 765,000 Total 3,987,000 1.01 0.81 4,018,000 3,217,000 “Technical Report and Maiden Mineral Resource Estimate for the Kahuna Diamond Project, Nunavut, Canada” prepared by APEX Geoscience Ltd., Kristopher J. Raffle, B.Sc., P. Geo. and Andrew J. Turner, B.Sc., P. Geol. March 11, 2015 The reader is cautioned that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and might never be converted into Reserves. Figures may not sum due to rounding. Decimal figures do not indicate added level of precision. cpt = carats-per-tonne TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 9
Target for Further Exploration of 4 - 16 Million Carats at Depth Provides Upside Potential 500 m Resource Drill Schematic: Long-Section Kahuna Dike ◆ Target for Further Exploration (“TFFE”) of additional 4,090,000 to 15,880,000 carats of diamonds presents opportunity to increase Maiden Resource ◆ Based on projection below the shallow depths of the current resource on Kahuna and Notch dikes ◆ Does not factor in potential additional strike Low Range High Range Depth Total Depth Tonnage Grade Tonnage Grade Total Carats Range Carats Range Kahuna 140‐300 3,740,000 0.80 2,990,000 140‐600 10,760,000 1.10 11,830,000 Notch 110‐300 1,570,000 0.70 1,100,000 110‐600 4,050,000 1.00 4,050,000 Total 5,310,000 0.77* 4,090,000* 14,800,000 1.07* 15,880,000* Drill Schematic X-Section The potential quantity and grade of any TFFE is conceptual in nature, there is insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and might never be converted into Reserves. Figures may not sum due to rounding. Decimal figures do not indicate added level of precision. cpt = carats-per-tonne. “Technical Report and Maiden Mineral Resource Estimate for the Kahuna Diamond Project, Nunavut, Canada” prepared by APEX Geoscience Ltd., Kristopher J. Raffle, B.Sc., P. Geo. and Andrew J. Turner, B.Sc., P. Geol. March 11, 2015. TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 10
Additional Resource Expansion Potential from Other Known Diamondiferous Dikes ◆ Property hosts 20 km of kimberlite dikes from drilling/geophysics, within >100 km aggregate strike of interpreted linear structural network ◆ Known diamondiferous dikes not Josephine currently included in the inferred Target Area resource and TFFE include: PST, Kahuna KD900 KD-24, KD-13, KD-14, KD-16, Killiq, Jigsaw ◆ In 2018, drilling extended KD-24 dike to 225m and still open – 127kg RAB sample with 338 diamonds and 4 commercial stones >0.85mm Notch KD13 ◆ In 2018, drilling extended PST dike KD14 KD16 to 350m and still open - previous 2 tonne sample by DVI with grade of PST Killiq KD24 4cpt, high quality diamonds KH10-11 TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 11
Kimberlite Pipe Targets with Potential for Transformative Discovery ◆ Dunnedin collected over 5,000 till samples 2015-2018 ◆ 6 priority target areas with multiple drill targets each ◆ Numerous kimberlite pipe targets with diamond indicator minerals (“DIMs”) in down-ice tills defined ◆ Ongoing diamond indicator mineral evaluation at Dr. Fipke’s lab will continue to prioritize and identify drill targets Ekati Diamond Mine, discovered by DVI advisor, Dr. Chuck Fipke 68 million carats mined 1991- 2017 TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 12
2019 Pipe Exploration Will Focus on Highly Prospective Josephine Area ◆ Abundance of high ranked diamond indicator minerals with no known source ◆ 2018 results helped narrow down main JTA priority area to 10km2 ◆ Numerous unresolved geophysical targets ◆ Targets will be tested with core drilling; program/budget to be determined in early 2019 TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 13
Fully Permitted & Active Community Engagement ◆ Kahuna Property is fully permitted for exploration into 2019, for drilling and bulk sampling up to 1,500 tonnes; permits currently being renewed ◆ Close cooperation with communities of Rankin Inlet and Chesterfield Inlet and local, regional and territorial government representatives. Community visits in Jan, May, Aug and Sept 2018 ◆ Dunnedin provides support for community initiatives and infrastructure development and uses local support services and labour where possible ◆ Support letters received from several stakeholder groups, positive response from annual inspections TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 14
Dunnedin Diamonds - Summary Highlights • Large land package, highly prospective Flagship Asset • 2 Opportunities: dikes and existing resource plus new pipe discoveries / targets Jurisdiction • Mining-friendly Nunavut Territory • Favorable location, adjacent to major mine development (Meliadine) Infrastructure • Close to communities, port, roads, airport, workforce Team • World-class diamond experts: Dr. Chuck Fipke, Dr. Tom McCandless Permitting/ • Fully permitted for exploration and mini-bulk sampling Community • Support from local communities and stakeholders ✓ Q4 2018: Diamond results from KH10-11 ✓ Q4 2018: Geophysical results / extension of diamondiferous dikes Key Milestones ❑ Q1 2019: SRK dike study results expected ❑ Q1/2 2019: Spring exploration program (currently being planned/budgeted) TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 15
Trapper Project – Highlights ◆ 3,756 hectare (38 km2) land package in the northern Golden Triangle, Northern British Columbia, 100% owned ◆ Textbook copper/gold porphyry complex with alteration signature of over 15 km2 ◆ Geophysics, grab sampling and 42 holes (8581 m) of diamond drilling in 2011 ◆ Limited sampling program in 2016 Source: BC Geological Survey TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 16
Trapper – Evidence for Large Porphyry Complex TRAPPER PROJECT ◆ Circular mineralized ring zone with over 10km of strike surrounding a porphyry centre ◆ Gold-rich polymetallic mineralization drilled across 2.2 kilometres, and associated surface copper porphyry showings ◆ 2011 drill program included visible gold in core in drill hole flanking copper porphyry, including 34.11 m of 1.71 g/t gold Trapper TSXV:DVI www.dunnedinventures.com 17
Trapper – New Gold Targets Identified in 2016 Sampling TSXV:DVI www.dunnedinventures.com 18
MPD Project – Highlights ◆ 7850 hectare (78.5 km2) land package in South-Central British Columbia, 100% owned; recently consolidated ◆ In a known, productive copper-gold porphyry belt; nearby mines with similar host rocks (eg Highland Valley, Copper Mountain) ◆ Adjacent to highway, year-round access by service roads Source: BC Geological Survey Copper Mountain Mine TSXV:DVI www.dunnedinventures.com 19
MPD – Historic Drill Intervals with Similar Grades to Nearby Mines 129 drill holes (25780 m) To Merritt (35 km) ◆ completed from 1966 to 2014. Previous operators include Rio Tinto PLC (LSE:RIO) and Newmont Mining Corp (NYSE: NEM) ◆ Numerous showings; copper confirmed to-date across a large, 10km2 area ◆ Favourable gold-to-copper ratios ◆ Untested Cu and Au soil anomalies are near-term drill targets ◆ Mineralization from surface, historic drill holes To Princeton rarely tested below 200m (20 km) vertical depth. Limited deeper drilling confirms significant depth/size potential TSXV:DVI www.dunnedinventures.com 20
Dunnedin Copper - Summary Highlights • Portfolio of two 100% owned, highly prospective copper-gold porphyries with Assets significant size potential: Trapper & MPD • Trapper in norther Golden Triangle, British Columbia; recent discovery by GT Gold (TSX-V: GTT) nearby Jurisdiction • MPD in South-Central British Columbia; known copper belt with numerous mines with similar host rocks (eg Highland Valley, Copper Mountain) • MPD adjacent to highway, road accessible year-round Infrastructure • Trapper accessible through Brixton Metals’ (TSX-V:BBB) Thorn camp • Proven base and precious metal expertise: Chris Taylor, Claudia Tornquist, John Team Robins Permitting/ • Trapper: Fully permitted for exploration Community • MPD: stakeholder consultations and permit applications ongoing ✓ Q4 2018: MPD acquisition ❑ Q1 2019: MPD technical review Key Milestones ❑ Q1/2 2019: MPD stakeholder consultations & permitting ❑ Q2/3 2019: potential drill programs Trapper & MPD (tbd) TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 21
Timeline & Milestones 2018 2019 Q4 Q1 Q2 Q3 Q4 Kahuna Diamonds Drill & Geophysics Results Dike Study (SRK) Till Processing Target Definition Spring Exploration* Summer Exploration Copper-Gold MPD Data Analysis/Core Study MPD Permitting/Consultation MPD/Trapper Drilling* * Currently being planned/budgeted TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 22
Dunnedin Ventures – TSXV:DVI (as of Jan 17, 2019) Share Price ~$0.095 CAD DVI Ownership Market Cap ~$12 million CAD Rob Chuck Fipke McEwen Shares Outstanding ~129 million 10 % 3.5% Rob Cudney Options ~ 9 million 3.5% Warrants ~16 million Management Retail & Insiders 20% Fully Diluted Shares ~154 million 63% 52-Week Hi-Lo: $0.335 - $0.06 CAD TSXV:DVI │ WKN: A1W3XF │OTC:OCPFF www.dunnedinventures.com 23
TSXV:DVI Contact Information Corporate Office: Phone: 1 604 646 8351 1020 - 800 West Pender Street, Email: IR@dunnedinventures.com Vancouver, BC, V6C 2V6 www.dunnedinventures.com www.dunnedinventures.com TSXV:DVI
You can also read