JUNE 2015 Corporate Presentation. TSX.V: CT TSX.V: CT

Transcription

1 JUNE 2015 Corporate Presentation TSX.V: CT 1

2 Forward Looking and Cautionary Statements Except for the statements of historical fact contained herein, the information presented on this website and the information incorporated by reference herein, constitutes forward looking information within the meaning of applicable Canadian securities laws concerning the business, operations and financial performance and condition of Centenera Mining Corporation ( the Company ). All statements, except for statements of historical fact, that address activities, events or developments that management of the Company expects or anticipates will or may occur in the future including such things as future capital expenditures (including the amount and nature thereof), business strategies and measures to implement strategies, competitive strengths, goals, expansion and growth of the business and operations, plans and references to the future success of the Company, and such other matters, are forward looking statements. Often, but not always, forward looking information can be identified by words such as pro forma, plans, expects, may, should, budget, scheduled, estimates, forecasts, intends, anticipates, believes, potential or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mining development, actual results of exploration activities, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of metal, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, risks related to the integration of acquisitions, as well as risks and uncertainties discussed in the latest Management Discussion and Analysis Reports and Financial Statements (refer to the Financial Section on the Company s website under Investors, and company filings on Shareholders are cautioned not to place undue reliance on forward looking information. The Company undertakes no obligation to update any of the forward looking information on this website or incorporated by reference herein, except as otherwise required by law. 2

3 Summary 100% ARGENTINA-FOCUSED RESOURCE COMPANY >80% OF STOCK WITH SUPPORTIVE SHAREHOLDERS 3 PRECIOUS METALS PROJECTS SEEKING TO ACQUIRE ADDITIONAL PRECIOUS METALS AND COPPER PROJECTS IN ARGENTINA PRESIDENTIAL ELECTIONS IN LATE 2015 EXPECTED TO BRING A POSITIVE MINING INVESTMENT CLIMATE Veladero Mine, Barrick SIGNIFICANT ECONOMIC RECOVERY IN ARGENTINA WIDELY EXPECTED BY ANALYSTS Recent News Articles $5 Billion of Mining Projects Riding on Elections Bloomberg Business, April Alumbrera Mine, Goldcorp 37.5%, Yamana 12.5% 3

4 Investment Attractiveness in South America Northwest Argentina, Chile and Peru are standout jurisdictions for mining investment in South America In northwest Argentina, the Provinces of Juyuy, Salta, Catamarca and San Juan provide safe investment climates Salta Province is ranked #2 in South America and #17 in the world San Juan Province is #3 in South America with Catamarca #6 and Juyuy #7 Source Fraser Institute Survey of Mining Companies February Source: Fraser Institute Survey of Mining Companies

5 Summary of Current Projects 1. ORGANULLO GOLD PROJECT Salta Province Centenera s flagship project is a gold deposit with a JORC-compliant geological target size ranging from 600,000 ounces at 0.94g/t gold (19.8Mt) to 940,000 ounces at 0.92g/t gold (31.6Mt), using a 0.5g/t cut-off grade. 2. MINA ANGELA GOLD PROJECT Chubut Province This former gold mine produced 150,000 ounces of gold to 1992 when the mine closed. Hochschild began a feasibility study in 2008 to reopen and expand the mine, but withdrew during the global credit crisis. Exploration data, including drill intersections, demonstrates expansion potential. 3. CROSBY PROPERTY Juyuy Province A strategic land position contiguous with the Silver Standard s operating Pirquitas Mine. It should be noted that the Organullo potential exploration target quantities and grades are conceptual in nature, that insufficient exploration and geological modelling has been done to define a mineral resource, and that it is uncertain if further exploration will result in the delineation of a mineral resource. 5

6 1. Organullo Gold Project OVERVIEW Close the city of Salta and good infrastructure (road, rail, gas, power) Includes Julio Verne Mine, an underground mine producing copper, bismuth and gold in the 1930 s. Independent NI (April 17 th, 2015) Map shows precious and base metal projects only. Other operations such as iron and lithium are excluded. 6

7 Organullo Gold Project GEOLOGY High sulphidation epithermal gold deposit Large alteration system with more than 7 kilometers of geochemically anomalous rock samples along trend ~20% of the mineralized trend has been drill-tested HISTORICAL WORK 44 drill holes (8,174meters) 630 rock samples, 471 talus fines, 45 BLEG and 2,707 PIMA samples Dickite alteration intensity from ASTER 7

8 Organullo Gold Project PIT OPTIMIZATION STUDY RESULTS: Total exploration targets range; Low of 600,000 ounces gold (19.8 Mt at 0.94 g/t gold) High of 940,000 ounces gold (31.6 Mt at 0.92 g/t gold) using a 0.5g/t gold cut-off grade Based on drilling to date only Pit Shell from Organullo Pit Optimization Study GeoRes, 2012 ASSUMPTIONS & PARAMETERS: Gold grades estimated for each model based on the common vein orientation in each area Drill data composited to 2.0 meters downhole; no limits on the input and output parameters; unconstrained by geology Inverse distance squared algorithm Two scan distances used in grade estimation 200 meters (lower range) and 300 meter scan distances (upper range) Constant density of 2.6t/m3 assumed It should be noted that these potential exploration target quantities and grades are conceptual in nature, that insufficient exploration and geological modelling has been done to define a mineral resource, and that it is uncertain if further exploration will result in the delineation of a mineral resource. 8

9 2. Mina Angela Project OVERVIEW 15,500 hectare project in northern Chubut Province Close to national transportation infrastructure with rail connection to deep water ports 50 kilometers northwest of Pan Pacific Silver s advanced-stage silver property, Navidad Although a past-producer of gold and lead, the property is still underexplored Exploration drill discoveries from the 90s require additional drilling and definition Map shows precious and base metal projects only. Other operations such as iron and lithium are excluded. 9

10 Mina Angela Project GEOLOGY Low sulphidation epithermal gold vein systems Mineralized system is open at depth and along strike HISTORICAL WORK Past lead producer ( ) Past gold producer ( ), 150,000 ounces Government records from indicate the extraction of 1.04 million tonnes of ore with average grades of 4.0 g/t gold, 48.4 g/t silver, 2.0% lead, 0.4% copper and 4.6% zinc Geology of the Mina Angela Project 10

11 3. Crosby Property Crosby is strategically positioned contiguous to the Pirquitas Mine property The northwest trending anticlinal structure that hosts Silver Standards Pirquitas Mine, passes through Centenera s Crosby property Map shows precious and base metal projects only. Other operations such as iron and lithium are excluded. 11

12 Corporate Structure & Shareholders Issued and outstanding 43,598,096 K.F. Business Ventures 19% Warrants 10,562,500 Options - Other 21% Fully Diluted 54,160,596 Cardero Resource Corp. 54% Warrants Price 312,500 $0.12 9,500,000 $ ,000 $0.18 Supportive shareholders account for 80% of issued stock Options Price - - Cardero shares in escrow released on 3-year schedule 12

13 Board of Directors Keith Henderson, President & CEO 20 years' experience throughout Africa, Europe, and North and South America. Educated in Europe (B.Sc. (Hons) and M.Sc. in geology). Worked with Anglo American Exploration in Europe and North America. Joined Cardero in 2007 with critical role in advancing the Pampa de Pongo through to ultimate sale for US$100 M. Keith is currently Vice President at Cardero Resource Corp. and a director at Desert Star Resources, Black Sea Copper & Gold, and Remo Resources. Henk van Alphen, Director Mining executive with 35 years experience. Founder of Pacific Rim and Cardero Resource Corp; long history of project spin-outs and value-creation with early involvement in Trevali Mining, ITH Mines, Balmoral Resources and others. Track record in converting projects to investor returns. Highly experienced in South America (Peru and Argentina). Acquired Peru iron deposit for $0.5M and sold for $100M cash. Henk is currently President & CEO of Cardero Resource Corp, Wealth Minerals and a director at Indico Resources and Ethos Gold Corp. 13 Charles Straw, Director An economic geologist with 18 years in the mining industry globally. He holds an honours degree in applied geology from University of NSW in Sydney. Lead the exploration and evaluation of precious and base metals projects in Australia, North & South America, China. He is currently a Director and CEO of ASX listed Silver Mines Limited. Anne Labelle, Director Anne is a geologist and a lawyer, working in mineral exploration and development in 90s. Later, practiced securities law at Gowling Lafleur Henderson LLP before returning to the mining industry in A graduate of Carleton University, with a B.Sc. (Hons) in Geology, obtained her law degree at the University of British Columbia. Stephen Pearson, Director Practicing lawyer, specializing in corporate and securities work. Director & officer of several resource-related public companies. Law degree from UBC and economics degree from York University.

14 Argentina Mining Additional Information 14

15 Argentina Mining Investment SELECTION OF MAJOR INVESTMENTS PLANNED: Glencore $3 billion investment to double copper production in San Juan Province. Most of this will be at El Pachon where full production is planned for Yamana $278 million investment in Cerro Moro (Santa Cruz Province), Argentina s second largest mining project. Production is scheduled to begin late Yamana To invest in Agua Rica & Cerro Atajo in Catamarca Province 15

16 Major Mining Operations in Argentina Mine Commodity Province International Investor / Operator Production* Pirquitas Ag, Zn Jujuy Silver Standard 2014: 8.7 million ounces silver 30.0 million pounds zinc El Aguilar Zn, Pb, Ag Jujuy Glencore 2014: 4.4% Zn, 4.6% Pb, 93g/t Ag Farallon Negro Au, Ag Catamarca YMAD Alumbrera Au, Cu Catamarca Goldcorp (37.5%), Yamana (12.5%) * Production statistics are from company websites, annual reports and/or news releases 2014: 24,692 ounces gold 0.28 million ounces silver 2014: 120,100 ounces gold 84,800 pounds copper Veladero Au San Juan Barrick 2014: 722,000 ounces gold Casposo Au, Ag San Juan Troy Resources 2014: 79,619 ounces gold 3.85 million ounces silver Cerro Negro Au Santa Cruz Goldcorp 2014 (Jul-Dec): 152,100 ounces gold San Jose Au, Ag San Jose McEwan (49%), Hochschild (51%) Cerro Vanguardia Au, Ag Santa Cruz AngloGold Ashanti (92.5%), Formicruz (7.5%) Manantial Espejo Au, Ag Santa Cruz Pan American Silver 2014: 94,160 ounces gold 6.47 million ounces silver 2013: 241,000 ounces gold 2014 : 70,500 ounces gold 3.7 million ounces silver Gualcamayo Au San Juan Yamana 2014: 180,337 ounces gold 16

17 Advanced Projects in Argentina Project Commodity Province International Investor / Operator Navidad Ag, Pb Chubut Pan American Silver- care & maintenance Lindero Au Salta Goldrock Taca Taca Cu Salta First Quantum Cerro Moro Ag Santa Cruz Yamana Pascua-Lama Ag, Au San Juan Barrick temp. care & maintenance Don Nicolas Au, Ag Santa Cruz Compania Inversora en Minas Agua Rica Au, Ag Catamarca Yamana EL Pachon Cu, Mo San Juan Glencore Los Azules Cu, Au, Ag San Juan McEwen Mining Diablillos Au, Ag Salta Silver Standard 17

18 Centenera Mining Corporation West Hastings Street Vancouver, BC, V6E 2K3 Phone: