Call Girls In Majnu Ka Tilla 959961~3876 Shot 2000 Night 8000
Dalradian corporate presentation july 15 2013
1. Patrick
F.
N.
Anderson
Chief
Execu8ve
Officer
Sample
from
the
T17
vein
188
g/t
of
gold
103
g/t
of
silver
5.07%
of
copper
High-‐Grade
│
Low-‐Risk
│
Explora8on
│
Development
│
Europe
│
July
2013
2. Forward-‐Looking
Informa;on
and
Qualified
Person
This
presenta8on
contains
“forward‑looking
informa8on”
which
may
include,
but
is
not
limited
to,
statements
with
respect
to
the
comple8on
of
the
acquisi8on
(the
“Acquisi8on”)
by
the
Company
from
a
group
of
private
vendors
of
approximately
1.7
million
hectares
of
mineral
rights
over
four
greenstone
belts
and
a
historic
silver
mining
camp
in
Norway,
future
financial
or
opera8ng
performance
of
the
Company
and
its
mineral
projects,
the
future
price
of
metals,
the
es8ma8on
of
mineral
resources,
the
realiza8on
of
mineral
resource
es8mates,
the
8ming
and
amount
of
es8mated
future
produc8on,
costs
of
produc8on,
capital,
opera8ng
and
explora8on
expenditures,
costs
and
8ming
of
the
development
of
new
deposits,
costs
and
8ming
of
future
explora8on,
requirements
for
addi8onal
capital,
government
regula8on
of
mining
opera8ons,
environmental
risks,
reclama8on
expenses,
8tle
disputes
or
claims
and
limita8ons
of
insurance
coverage.
O^en,
but
not
always,
forward‑looking
statements
can
be
iden8fied
by
the
use
of
words
and
phrases
such
as
“plans,”
“expects,”
“is
expected,”
“budget,”
“scheduled,”
“es8mates,”
“forecasts,”
“intends,”
“an8cipates,”
or
“believes”
or
varia8ons
(including
nega8ve
varia8ons)
of
such
words
and
phrases,
or
state
that
certain
ac8ons,
events
or
results
“may,”
“could,”
“would,”
“might”
or
“will”
be
taken,
occur
or
be
achieved.
Forward-‐looking
statements
are
based
on
the
opinions
and
es8mates
of
management
as
of
the
date
such
statements
are
made
and
are
based
on
various
assump8ons,
such
as
approvals
from
the
Toronto
Stock
Exchange
and
the
Norwegian
Directorate
of
Mining
will
be
obtained
in
respect
of
the
Acquisi8on,
the
con8nued
poli8cal
stability
in
Northern
Ireland
and
Norway,
that
permits
required
for
the
Company’s
opera8ons
will
be
obtained
in
a
8mely
basis
in
order
to
permit
the
Company
to
proceed
on
schedule
with
its
planned
drilling
programs,
that
skilled
personnel
and
contractors
will
be
available
as
the
Company’s
opera8ons
con8nue
to
grow,
that
the
price
of
gold
will
be
at
levels
that
render
the
project
economic,
or
that
the
Company
will
be
able
to
con8nue
raising
the
necessary
capital
to
finance
its
opera8ons
and
realize
on
mineral
resource
es8mates.
Forward‑looking
statements
involve
known
and
unknown
risks,
uncertain8es
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,
general
business,
economic,
compe88ve,
poli8cal
and
social
uncertain8es;
the
actual
results
of
current
explora8on
ac8vi8es;
actual
results
of
reclama8on
ac8vi8es;
conclusions
of
economic
evalua8ons;
changes
in
project
parameters
as
plans
con8nue
to
be
refined;
future
prices
of
metals;
possible
varia8ons
of
ore
grade
or
recovery
rates;
failure
of
plant,
equipment
or
processes
to
operate
as
an8cipated;
accidents,
labour
disputes
and
other
risks
of
the
mining
industry;
poli8cal
instability;
delays
in
obtaining
governmental
approvals
or
financing
or
in
the
comple8on
of
development
or
construc8on
ac8vi8es,
as
well
as
those
factors
discussed
in
the
sec8on
en8tled
“Risk
Factors”
in
the
Company’s
Annual
Informa8on
Form.
Although
the
Company
has
aeempted
to
iden8fy
important
factors
that
could
cause
actual
ac8ons,
events
or
results
to
differ
materially
from
those
described
in
forward‑looking
statements,
there
may
be
other
factors
that
cause
ac8ons,
events
or
results
to
differ
from
those
an8cipated,
es8mated
or
intended.
Forward‑looking
statements
contained
herein
are
made
as
of
the
date
of
this
presenta8on
and
the
Company
disclaims
any
obliga8on
to
update
any
forward‑looking
statements,
whether
as
a
result
of
new
informa8on,
future
events
or
results,
except
as
may
be
required
by
applicable
securi8es
laws.
There
can
be
no
assurance
that
forward‑looking
statements
will
prove
to
be
accurate,
as
actual
results
and
future
events
could
differ
materially
from
those
an8cipated
in
such
statements.
Accordingly,
readers
should
not
place
undue
reliance
on
forward‑looking
statements.
Some
technical
data
in
this
presenta8on
was
taken
from
the
technical
report
en8tled
“A
updated
Mineral
Resource
Es8mate
for
the
Curraghinalt
Gold
Deposit
Tyrone
Project,
County
Tyrone
and
County
Londonderry,
Northern
Ireland
dated
January
10,
2012,
prepared
by
B.
Terrence
Hennessey,
P.Geo.,
and
Dibya
Kan8
Mukhopadhyay,
M.Sc.,
MAusIMM,
of
Micon
Interna8onal
Limited
(the
Technical
Report ).
John
McCombe,
PEng,
Chief
Opera8ng
Officer,
Dalradian
Resources
Inc.,
is
the
Qualified
Person
who
supervised
the
prepara8on
of
the
technical
data
in
this
presenta8on.
2
4. Capital
Structure
STOCK
PRICE
All
dollars
quoted
in
$
CAD
TSX,
OTCQX:
DNA,
DRLDF
Shares
outstanding:
Fully
diluted
:
(May
7,
2013)
89.5
million
97.0
million
Market
cap:
(June
26,
2013)
$51.0
million
Average
volume:
(30
day)
51,283
52
Week
Range:
$1.90
-‐
$0.58
Insider
ownership:
(approximate)
6%
Cash
balance:
(as
at
March
31,
2013)
$16.5
million
Analyst
coverage:
(targets
range
from
$3.00-‐$1.90)
Jamie
Sprae
Steve
Parsons
Craig
Stanley
Laurie
Cur8s
John
Hayes
Bart
Jaworski
4
$1,400.00
$1,500.00
$1,600.00
$1,700.00
$1,800.00
$1,900.00
$2,000.00
$0.00
$0.50
$1.00
$1.50
$2.00
$0.57
June 26, 2013
DNA
Gold
Price
5. The
Board:
A
Track
Record
of
Discovery
and
Development
5
PATRICK
F.
N.
ANDERSON
CHIEF
EXECUTIVE
OFFICER
Former
Founder
&
CEO
of
Aurelian
Resources
JONATHAN
A.
RUBENSTEIN
Director
of
Eldorado
Gold
Corpora;on
Director
of
Detour
Gold
Chairman
&
Director
of
MAG
Silver
Corp.
Former
Director
of
Aurelian
Resources,
SuZon
Resources,
Canico
Resource
Corp
&
Cumberland
Resources
RONALD
P.
GAGEL
Former
SVP
and
CFO
of
FNX
Mining
THOMAS
J.
OBRADOVICH
CHAIRMAN
Chairman
of
Lago
Dourado
Minerals
Former
CEO
of
Young-‐Davidson
Mines
Former
Director
of
Aurelian
Resources
SEAN
E.
O.
ROOSEN
CEO
OF
OSISKO
MINING
CORPORATION
Also
Director
of
Astur
Gold
CEO
OF
CONTINENTAL
GOLD
LIMITED
ARI
B.
SUSSMAN
GRENVILLE
THOMAS
CHIEF
FINANCIAL
OFFICER
Chairman
of
Strongbow
Explora;on
Inc.
Former
Chairman,
President
&
Director
of
Aber
Resources
(Harry
Winston
Diamond
Corp.)
now
Dominion
Diamond
6. NORWAY
High-‐Grade
Targets
in
Low
Risk
Jurisdic;ons
6
§ Gold
resource
covers
a
frac8on
of
known
mineraliza8on
§ High-‐grade
2.7M
ounce
gold
resource
(all
categories)1
− Measured:
0.02
MT
grading
21.51
g/t
Au
for
10,000
contained
ounces
− Indicated:
1.11
MT
grading
12.84
g/t
Au
for
460,000
contained
ounces
− Inferred:
5.45
MT
grading
12.74
g/t
Au
for
2.23
million
contained
ounces
§ Posi8ve
PEA
shows
us
a
high
margin
and
low
capex
producer
§ 1.3
M
hectares
of
explora8on
permits
§ En8re
greenstone
belts
§ Over
15
precious
metals
targets
iden8fied
in
2012
season
NORTHERN
IRELAND
Northern
Ireland
Norway
1
Refer
to
press
release
dated
Nov.
30,
2011
en8tled
“Dalradian
Announces
Resource
Increase
at
Curraghinalt”
at
www.dalradian.com
8. Northern
Ireland
§ Our
flagship
asset:
Curraghinalt
high-‐grade
lode
gold
deposit
§ Excellent
regional
infrastructure
§ Over
84,000
hectares
under
license
§ Recent
surge
in
gold
sector
8
Gor8n
Omagh
Curraghinalt
BELFAST
NORTHERN
IRELAND
Galantas
Gold
Conroy
Diamonds
&
Gold
Lonmin
Irish
Salt
Mining
Underground
Salt
Mine
Clon;bret
Croagh
Patrick
Parys
Mountain
Gwynfynydd
Galmoy
Avoca
Pallas
Green
Silvermines
South
Cro_y
Curraghinalt
Gold
Deposit
Gold
Base
Metals
Salt
Mine
Allihies
Copper
Mines
Galantas
Gold
Permieed
in
2007
Scotgold
Permieed
in
2012
Vedanta
Resources
In
produc8on
Boliden
In
produc8on
IMC
Explora;on
354
g/t
gold
over
1.5m
Lundin
In
produc8on
Conroy
+1M
ounce
resource
Lisheen
Cononish
Tara
Cavanacaw
Xstrata
Feasibility
Gold
Mines
of
Wales
U/G
grab
sample
-‐
263
g/t
gold
Clogau
9. Since
Incep;on…
2009
• Project
Acquisi8on
-‐
December
• 600
k
ounce
gold
resource1
2010
• Increased
to
1.5
M
ounce
gold
resource1
• IPO
-‐
August
2011
• 7
rigs
onsite
• Increased
to
2.7
M
ounce
gold
resource1
2012
• Robust
PEA
announced
• New
discovery
-‐
Alwories
2013
• Underground
explora8on
development
permit
submieed
and
expected
by
Q4
1
Refer
to
appendix
or
press
release
dated
Nov.
30,
2011
en8tled
“Dalradian
Announces
Resource
Increase
at
Curraghinalt”
at
www.dalradian.com
10. DG3
Gor;n
Permibng
is
Possible
10
Curraghinalt
Alwories
Quarry
kilometres
0 1 2
Curraghinalt
Clear
Cut
Logging
at
Gor8n
Glen
Forest
Park
125
Metres
Cavanacaw
Open
Pit
Approx
30
km
SW
Greencastle
Quarry
11. Social
License
11
Local
sports
team
support
Launch
of
Dalradian
fundraising
and
corporate
support
campaign
for
the
MS
Society
130
leeers
and
2
pe88ons
sent
in
support
of
the
project
during
the
underground
development
permivng
process
Local
sports
team
support
Awarded
in
Top
30
Irish-‐North
American
Companies
for
2012
&
2013
Training
&
PPE
is
provided
to
local
land
owners
to
ensure
they
work
safely
13. Intercept in hole 11-CT-99 projected up dip to 170m mSL
Not
a
Trend
but
a
District
GLACIATED
TERRAIN
WITH
MINIMAL
OUTCROP
12 km
1700m
Curraghinalt
Deposit
Curraghinalt
Trend
13
Curraghinalt Trend
Veins in Current Resource
Intersected Veins
Historical Findings
Geochem Anomaly
Curraghinalt Deposit
Resource as at Nov 2011 –
Measured: 0.01 Moz Au (0.02MT @ 21.51 g/t)
Indicated: 0.46 Moz Au (1.11MT @ 12.84 g/t)
Inferred: 2.23 Moz Au (5.45 MT @ 12.74 g/t)
Golan Burn
Outcropping veins including
60cm @ 61.43 g/t Au
Alwories Discovery Holes
4.72m @ 14.82 g/t Au
2.22m @ 14.10 g/t Au
1.47m @ 23.6 2g/t Au
400 m Step-out
3.2m @ 5.34 g/t Au
Attagh Burn
2.47m @ 18.99 g/t Au
15. 0 200
400
METRES
A
Growing
Resource:
600,000
Ounces
to
2.7
million
Ounces
15
2007
Resource
2010
Resource
2011
Resource
2012
Interpreta8ve
vein
extents
Drilling
post
2011
Resource
16. Curraghinalt:
A
Growing
Resource
16
2.47
m
@
5.19
g/t
0.10
m
@
21.28
g/t
0.44
m
@
11.68
g/t
0.60
m
@
6.02
g/t
0.43m
@
14.57
g/t
0.65
m
@
15.04
g/t
0.38
m
@
3.73
g/t
2.22
m
@
14.1
g/t
4.72
m
@
14.82
g/t
1.47
m
@
23.6
g/t
Curraghinalt
Alwories
Attagh Burn
3.6 km
2007
Resource
2010
Resource
2011
Resource
2012
Interpreted
vein
extents
Drilling
post
2011
Resource
17. Golan
Burn
to
Curraghinalt
17
6.5 km
2007
Resource
2010
Resource
2011
Resource
2012
Interpreted
vein
extents
Drilling
post
2011
Resource
Curraghinalt
18. Measured:
0.01
Moz
Au
@
21.51
g/t)
Indicated
:
0.46
Moz
Au
@
12.84
g/t)
Inferred:
2.23
Moz
Au
@
12.74
g/t)
§ Open
in
all
direc8ons
except
up
18
CURRAGHINALT
RESOURCE
ESTIMATE
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
2007
(Pre-‐DNA)
2010
DNA
Year
1
2011
DNA
Year
2
2012
DNA
Year
3
Millions
of
Ounces
Metres
Drilled
27
years
of
work
3
years
of
work
§ 1986-‐1987
resources
es8mates
are
historic
non
43-‐101
compliant
resources
§ 2003
to
2011
resource
es8mates
are
reported
43-‐101
compliant
Images
presented
for
illustra8ve
purposes
only
Curraghinalt
Resource
RESOURCE
AS
AT
NOV
2011:
?
20. Preliminary
Economic
Assessment
20
20
KEY
PEA
DATA*
3
YEAR
TRAILING
AVERAGE
GOLD
PRICE:
$1378/ounce
5
YEAR
TRAILING
AVERAGE
GOLD
PRICE:
$1,166/ounce
NPV
with
8%
discount
rate
(A^er-‐tax)
$467
million
$331
million
IRR
(A^er-‐tax)
41.9%
33.4%
Average
Annual
Produc8on
145,000
ounces/year
Processing
Rate
1,700
tonnes/day
Life
of
Mine
15
years
Ini8al
Capex
($38M
con8ngency)
$192
million
Cash
Costs
$532/ounce
or
$125/tonne
Diluted
Grade
8.1
g/t
Au
Gold
Recovery
92%
Payback
2
years
All
dollars
quoted
in
$
USD
unless
stated
otherwise
PEA
results
released
on
July
25,
2012.
The
PEA
is
preliminary
in
nature.
It
includes
inferred
mineral
resources
that
are
considered
too
specula8ve
geologically
to
have
the
economic
considera8ons
applied
to
them
that
would
enable
them
to
be
categorized
as
mineral
reserves.
There
is
no
certainty
that
the
results
of
the
PEA
will
be
realized.
*
Prepared
by
Micon
Interna8onal
Limited
21. PEA:
Mining
21
21
21
Longhole
Mining
with
Ramp
Access
&
Truck
Haulage:
§ Local
availability
of
experienced
longhole
miners
§ More
dilu8ve
than
cut
and
fill
but
less
expensive
and
easier
to
manage
§ 1.8
metres
mined
width
(80%
dilu8on
on
resource)
§ 20
metre
sub
level
spacing
§ Less
than
10
working
faces
at
any
one
8me
PROJECT
PRODUCTION
RATE
(TPD)
MINING
COST
(US$/T
MILLED)
COMMENTS
Curraghinalt
(Dalradian,
N.
Ireland)
1,700
(planned)
$76.50
(US$/t
mined)
(PEA
es8mate)
1.8
m
stope
widths
Bulyanhulu
(African
Barrick,
Tanzania)
3,300
$156.00
Narrow,
steeply-‐dipping
veins
Daisy
Milano
(Silver
Lake
Resources,
W.
Australia)
540
Cash
Costs
of
$660/oz
Stope
widths
down
to
1
m
Lawlers
(Barrick,
Australia)
2,200
$30.06
(2003)
Shallow
dipping
veins,
2-‐6
m
thick
Development
tunneling
at
Bulyanhulu
Gold
Mine
23. Background
§ Exis8ng
explora8on
tunnel
permieed
in
1987
and
subsequently
constructed
by
Ulster
Minerals
in
the
late
80s,
with
works
consis8ng
of:
– A
410
m
adit
(3.0
x
2.5
m)
and
two
dri^s
totalling
290
m
(s8ll
accessible,
stable
and
in
use)
– Ancillary
buildings
(now
removed)
– Onsite
stockpiles
of
surplus
rock
(since
re-‐graded
into
exis8ng
slope
contours)
– Quan88es
of
mineralised
rock
transported
to
offsite
tes8ng
facili8es
§ DGL
acquired
the
Curraghinalt
Project
in
late
2009
and
commenced
surface
explora8on
drilling
in
2010
§ DGL
upgraded
the
resource
es8mates
in
Q2/2011
and
again
in
Q4/2011
– Current
resource
stands
at
2.7
million
oz.
gold
(all
categories)
§ DGL
completed
Preliminary
Economic
Assessment
(PEA)
in
Q3/2012
§ Next
step
is
to
conduct
underground
explora8on
development
23
25. Underground
Explora;on
Development
§ Extend
the
exis8ng
adit
by
approximately
260
m
to
intersect
all
known
veins;
§ Dri^
along
several
of
the
known
veins
&
demonstrate
vein
con8nuity;
§ Install
a
ramp
to
access
150
m
level,
approximately
20
m
below
exis8ng
workings;
§ Removal
of
large
bulk
sample
for
metallurgical
test
work.
§ Dalradian
is
reques8ng
planning
permission
to
complete
approximately
2,000
m
of
underground
explora8on
development
T17
No.
1
106-‐16
Bend
Crow
Road
Sheep
Dip
Mullan
Proposed
Access
Ramp
to
Sub-‐Level
Proposed
Tunnel
Extensions
at
Sub-‐Level
Proposed
Tunnel
Extensions
at
170
M
Level
Exis;ng
Explora;on
Tunnel
26. 26
Conceptual
Sublevel
Development
2,000
m
Planned
with
the
Goal
to:
• Demonstrate
con8nuity
of
thickness
and
grade
of
mineralized
veins.
• Convert
addi8onal
resources
to
Measured
and
Indicated.
• Test
mining
and
backfill
methods.
• Inves8gate
geotechnical
and
hydrogeological
condi8ons.
• Produce
a
bulk
sample
for
metallurgical
test
work.
• Test
the
permivng
process.
ROAD
SHEEPDIP
MULLAN
T17
No.
1
106_16
BEND
CROW
EXISTING
DEVELOPMENT
PLANNED
DEVELOPMENT
PLANNED
DEVELOPMENT
PLANNED
STOPING
27. Surface
Facili;es
Proposed
Works
–
Surface
Facili;es:
§ Designated
on-‐site
storage
area
for
surplus
rock
§ Temporary
water
treatment
facility
§ Temporary
on-‐site
explosives
store
§ Ancillary
facili8es:
office,
welfare,
services,
parking,
etc.
§ Project
will
be
constructed
on
surface
lands
controlled
by
DGL
27
28. Permibng
Process
§ Consulta8on
with
The
Crown
Estate
and
DETI
§ Consulta8on
with
other
stakeholders
&
regulators
§ Planning
permission
(DoE
Planning
Service
–
Strategic
Planning
Division)
§ Explosives
storage
consent,
revision
to
the
exis8ng
discharge
consent;
water
abstrac8on
licence;
waste
management
(NIEA)
§ Explosives
store
consent
(DoJ
/
DoE)
28
Pre-‐
consulta;on
Revisions
to
Exis;ng
Permits
Mobiliza;on
and
Site
Prep.
2013
2014
Q1
Q2
Q3
Q4
Q1
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
Planning
Process
Explosives
Storage
Consent
Contractor
Selec;on
UG
Development
EIA
not
required
Planning
Permission
Judiciary
Review
Period
29. Where
We’re
Headed
29
§ Deposit
re-‐evalua8on
Ongoing
§ Drill
results
finalized
Q3
2013
§ Historic
sampling
program
comple8on
Q3
2013
§ Historic
sampling
interpreta8on
&
results
Q4
2013
§ EIA
Requirement
Determina8on
Not
Required
§ Underground
permit
Q4
2013
§ Underground
work
commences
Q1
2014
§ We
are
posi8oned
§ Baseline
studies
underway
NORTHERN
IRELAND
NORWAY
✓
31. The European Explorer
Patrick F. N. Anderson
Chief Executive Officer
Investor Relations
Shae-Lynn Mathers
Director, Investor Relations
smathers@dalradian.com
416.583.5622
Trading Symbol:
DNA on TSX
DRLDF on OTCQX
Corporate Office:
Dalradian Resources Inc.
155 Wellington Street West
Suite 2920
Toronto, Ontario
Canada M5V 3H1
www.dalradian.com