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INVESTOR PRESENTATION Q2-2016TSX.V: RCU
FORWARD LOOKING STATEMENTS
This Presentation includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Rockcliff Copper Corporation’s future plans, objectives or goals, including words to the effect that Rockcliff Copper Corporation or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Rockcliff Copper Corporation, Rockcliff Copper Corporation provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this Presentation includes, but is not limited to, Rockcliff Copper Corporation’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, successful exploration results, successful categorization of mineral resources into mineral reserves, successful development of a feasibility study, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples if potential issues arise, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Rockcliff Copper Corp.’s public documents filed on SEDAR. Although Rockcliff Copper Corporation believes that the assumptions and factors used in preparing the forward-looking information in this Presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Rockcliff Copper Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Cautionary Note to Investors Concerning Estimates of Historical, Inferred and Indicated ResourcesThis presentation uses the terms Historical, Inferred and Indicated Resources. Investors (Canadian and U.S.) are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. Historical and Inferred Resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an historical or Inferred Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Historical and Inferred Resources may not form the basis of feasibility or other economic studies. Both U.S. and Canadian investors are cautioned not to assume that all or any part of Historical, Inferred or Indicated Resources will ever be converted into Reserves and will become upgraded into an economically or legally mineable deposit. Neither Rockcliff Copper Corporation nor its Qualified Persons have done sufficient work to classify the historic estimates in this presentation as current mineral resources under current mineral resource or mineral reserve terminology and are not treating the historic estimates as current mineral resources. The resources in this presentation should not be relied upon.
Ken Lapierre P.Geo., President and CEO of Rockcliff Copper Corporation, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this presentation.2
MANAGEMENT: Proven Track Record of Discoveries, Resources and Producing Mines
3
PROJECT INVOLVEMENT PRODUCTION ACQUIRED BY
Hemlo Area Corona Gold Mine – Au
Golden Giant – Au
Teck
Noranda → Hemlo Gold Mines
Timmins Area Bell Creek Mine – Au
Davidson Tisdale Mine – Au
Redstone Nickel Mine – Ni
Thunder Creek Mine – Au
Rosario → Goldcorp → Lakeshore→ Tahoe
DT Mines → Getty Mines → Lexam VG
Timmins Nickel → Blackhawk Mining → Liberty
→ North Sun
Band Ore → West Timmins → Lakeshore →
Tahoe
Raglan, Quebec Quebec’s Newest Mine – Ni, PGE J&J Group
PROJECT INVOLVEMENT RESOURCE ACQUIRED BY
Timmins Area Vogel Deposit – Au
Fuller Deposit – Au
McWaters, Hart, Groves – Ni
Blackhawk → Lakeshore → Tahoe
Vedron Gold → Lexum VG
Timmins Nickel → Liberty → North Sun
Ontario, Swayze Belt Rundle Deposit – Au Claude Rundle Gold Mine
Michigan, USA Back Forty Deposit – Zn, Cu, Au, Ag JML → Acquila Resources
Manitoba, Bird River Mayville Deposit – Cu, Ni Mustang Minerals
Why Copper, Why Manitoba, and Why the Snow Lake Project
4
1
COPPER
FUNDAMENTALS
• Declining Inventory and GRADES
• 51% of Present Producers Not Profitable
at $2.00 Cu
• Conservative Global Growth (~2.5%) out
to 2035
• 400kt/yr of New Copper Supply Required
• Must Discover a 20Mt Mine @ 2.5%
Cueq/year to Meet New Copper Demand
COPPER SHORTAGE
PREDICTED BY 2018
2
MANITOBA
FUNDAMENTALS
• World Class Jurisdiction
• Most Prolific Greenstone Belt
in Canada
• Excellent Infrastructure
• Low Cost Electrical Power
• 100 Years of Mining
• 30 Mines, 90 Deposits
• 20 of the 30 Mines Began Production
with High Grade Resources of Under
2Mt
3
PROJECT
FUNDAMENTALS
• 50,000m Drilled in 160+ Holes
• Royalty Stream Estimated @
$1.0M/Year Starting in 2018
• World Class Metal Grades Exceeding
5% Cueq
• Highest Grade Unmined
Deposits in Camp
• Deposits are Expandable
• Excellent Potential for New
Discoveries
ROCKCLIFF’S
COMPETITIVE
ADVANTAGE
• Deposits With World Class Copper Grades Advancing to Production
• Very Few Juniors in the “High Grade Copper Deposit” Space
• Clear Exit Strategy: To Generate Risk Free Cash Flow
Copper – An Essential Metal
5
MANKIND'S
OLDEST METAL
Highly conductive,
resistant to corrosion, long life metal
80% of copper ever mined still in use
Average N.A. home contains
~500lbs of copper
Average sized car contains 55lbs of
copper and 1 mile of copper wiring
Hybrid vehicles contains 2 times amount
of copper to regular vehicles
Rockcliff’s Snow Lake Project
A high grade copper project in the FF-SL
mining camp, with significant credits in
gold, zinc and silver
MANITOBA: A High Ranking Mining Jurisdiction
7
FRASER INSTITUTE
WORLD RANKINGS 2015
1. Finland
2. Saskatchewan
3. Nevada
4. MANITOBA
5. Western Australia
6. Quebec
7. Wyoming
8. Newfoundland and Labrador
9. Yukon
10. Alaska
Rockcliff’s high grade copper deposit inventory
Rockcliff's NI43-101 Compliant Resources – CIM Standards Used
DEPOSIT TONNES COPPER-% GOLD-g/t ZINC-% SILVER-/g/t
Copper
Equivalent(%)
(*****)
Talbot-Inferred Main Lens
Talbot-Inferred FW Lens
Talbot-Inferred North Lens
TALBOT-Inferred Total* (earning 51%)
1,441,000
443,900
283,400
2,168,300
3.4
2.2
0.7
2.8
2.6
2.0
2.0
2.4
2.4
2.4
1.3
2.2
61.0
55.6
20.6
54.6
6.6%
5.0%
2.6%
5.7%
Rail-Indicated**
(own 100%, 2%nsr to Hudbay)822,000 3.0 0.7 0.9 9.3 3.9%
Tower (T-1)-Indicated***
Tower (T-1)-Inferred*** (own 1.5% NSR)
1,084,186
1,253,522
3.7
2.0
0.6
0.3
1.1
1.0
17.3
9.3
4.7%
2.7%
Rockcliff’s Historical Resources
Lon**** own 100%: 250,000 3.2 0.6 5.2 18.8 5.6%
8
*The Talbot report completed by RPA dated January 26, 2016 and press released February 3, 2016. CIM definitions were followed, 2.0% copper cut-off was used with US$3.50 coper, US$1450 gold, US$1.25 zinc and
US$22 silver. Metal recovery for copper was 95%, gold at 70%, zinc at 85% and Silver at 65%. Mineral Resources are not Mineral Reserves and do not have demonstrated economic value. **The Rail Deposit report
completed by SRK Consulting dated December 19, 2012 and press released December 21, 2010. CIM definitions were followed, 2.0% copper cut-off was used with US$3.00 per pound and a metal recovery of 80%
without considering revenues from other metals. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. ***The Tower (T-1) Deposit report completed by CCIC Inc. dated January
20,2013 and press released December 6, 2012. CIM definitions were followed, 0.5% copper cut-off was used using US$3.63 per pound. Mineral Resources are not Mineral Reserves and do not have demonstrated
economic value.****The Lon Deposit is an historical deposit. The reader may refer to the Lon Deposit press released October 31, 2007. An internal report was completed by Granges Inc. in 1993 however not all of the
parameters used, assumptions made and methods used to prepare the historic estimate are known at this time. Additional exploration has been conducted on the property since 1963 including drilling, geophysics and
geological mapping. Additional drilling would be required to upgrade the historical resource to a current Mineral Resource as the historic information does not satisfy the requirements set out by NI 43-101. Neither
Rockcliff Copper nor its Qualified Persons have done sufficient work to classify the historic estimate as a current Mineral Resource and are not treating the historical estimate as a current Mineral Resource. The reader is
cautioned that the Lon historical resource should not be relied upon as it does not satisfy current Mineral Resource or Mineral Reserve terminology. *****Copper Equivalent grades were estimated using RPA’s long term
prices of US$3.50 copper, US$1450 gold, US$1.25 zinc and US$22 silver.
SNOW LAKE PROJECT: World Class Copper Grades
9
2.17Mt @ 5.7% CuEq
2.3Mt @ 3.6% CuEq
0.82Mt @ 3.9% CuEq
0.25Mt @ 5.6% CuEq
*Please refer to the cautionary information
on current resource and historical
estimates on slide 8 for all deposits
Rockcliff Combined
Project Resources*
IND: 1.91Mt @4.4% Cueq
INF: 3.67Mt @ 4.7% Cueq
513Mlbs Cueq(317.8Mlbs Cu)
(0.223Moz Au)
(185.1Mlbs Zn)
(5.2Moz Ag)
SNOW LAKE PROJECT: World Class Copper Grades
10
HIGH GRADE IS KING*
Highest Grades (Cueq%) of Unmined
Deposits in Mining Camp: (Cu-Au-Zn-Ag)
• Talbot Deposit 5.7%
• Lon Deposit 5.6%
• Rail Deposit 3.9%
• Tower Deposit 3.6%
• 97% of past and present producers host
grades >3.5% Cueq*
COPPER GRADE
IN DECLINE
Steady Decline in Global
Mining Head Grade:
• 1990:~2.6%
• 2016: ~1.4%
• 2024 forecast: 1.2%
*Please refer to the cautionary information
on current resource and historical
estimates on slide 8 for all deposits
TALBOT DEPOSIT: The Highest Grade #1 Unmined Deposit in the FF-SL Mining Camp with Excellent Potential for Additional Tonnage
11
Talbot Deposit
3D Longitudinal Section
LOOKING NORTH
• Widespread copper grades across 800m of strike to a vertical depth of 900m
• Main Lens open in all directions and hosts a central high grade copper corridor: 3-5m thick across 100m of strike and 400m of dip grading ~15% Cueq
• North Lens open in all directions
• Surface and bore hole geophysics identified untested anomalies along strike of deposit
TALBOT DEPOSIT*
2.17Mt @ 2.8% Cu, 2.4g/t Au,
2.2% Zn, 54.6g/t Ag
(5.7% Cueq)
Surface
*Please refer to the cautionary information
on current resource and historical
estimates on slide 8 for all deposits
TALBOT DEPOSIT: World Class Copper, Gold, Zinc, Silver Grades
Hole(Main
Lens)
Width
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
CuEq*
(%)
TSL003 2.90 1.39 0.51 1.13 21.80 2.35
HAR082 3.51 1.75 0.34 1.24 16.13 2.58
HAR092 5.61 4.22 2.10 5.65 69.85 8.34
TLS002 4.10 2.33 1.56 0.90 36.21 4.05
HAR100 1.75 2.67 1.68 2.14 43.53 4.99
HAR094 6.33 3.04 1.05 3.97 44.55 5.60
TB001 5.74 6.24 9.66 5.86 118.79 15.97
TLS006 4.20 5.32 3.21 3.76 54.67 9.35
TLS020 9.65 13.09 11.45 3.71 193.06 23.99
TLS011 3.15 4.43 2.13 0.62 38.12 6.45
12*CuEq based on US$3.50/lb Cu, US$1450/oz Au,
US$1.25/lb Zn, US$22/oz Ag
Talbot Property Exploration Progress:Successful Q4 2015 Program
13*Please refer to the cautionary information on current resource estimates on slide 8 for the Talbot Deposit
Discovered North Copper Zone:
TB-009: 3.66m @ 1.4% Cu, 0.1g/t
Au, 3.9g/t Ag
Talbot Deposit
North Lens extension:
TB-006: 5.65m @ 1.1% Cu, 1.0g/t Au,
2.0% Zn, 24.2g/t Ag
Talbot Deposit in-fill hole :
TB-001: 9.1m @ 6.1% Cu, 8.2g/t
Au, 5.0% Zn, 112.1g/t Ag
Central
Target
ZTEM
HIGH
ZTEM
HIGH
ZTEM
HIGH
1 km
TALBOT DEPOSIT*
2.17Mt @ 2.8% Cu, 2.4g/t Au,
2.2% Zn, 54.6g/t Ag (5.7%
Cueq)
N
Talbot ZTEM Airborne
Survey, IP 180z DT(plan view)
- Intersected high grade copper corridor
Identified deposit north extension
- Discovered North Copper Zone
Completed Talbot Resource Estimate
by RPA
Talbot Exploration Planned Q4-2016 Talbot Deposit Expansion-North Copper Zone Advancement –Central ZTEM Anomaly Discovery: 10-15 Holes, 5,000 Metres Planned
14*Please refer to the cautionary information on current resource estimates on slide 8 for the Talbot Deposit
Central
Target
ZTEM
HIGH
ZTEM
HIGH
ZTEM
HIGH
1 km
TALBOT DEPOSIT*
2.17Mt @ 2.8% Cu, 2.4g/t
Au, 2.2% Zn, 54.6g/t Ag
(5.7% Cueq)
N
Talbot ZTEM Airborne
Survey, IP 180z DT(plan view)
North Copper Zone:
to determine copper significance of
ZTEM and bore hole anomalies below
copper discovery
Talbot Deposit:
To define grade and thickness of main
lens high grade copper corridor &
determine significance of borehole
anomaly associated with north lens
extension
Central Target:
To determine copper significance of
untested ZTEM anomaly with similar
characteristics as the ZTEM anomalies
associated with the Talbot Deposit and
North Target
RAIL PROPERTY: Similar Geology as Nearby Mines and DepositsRAIL DEPOSIT: High Grade Surface Copper
15
Rail Property Facts
• Host 3rd highest grade unmined
deposit in FF-SL mining camp
• Excellent infrastructure-located 40km
east of Snow Lake
• Property geology similar to geology
associated with all past producing
mines(juvenile arc rocks)
• Favorable 4km long “geological
corridor” hosting Rail Deposit and
untested anomalies
*Please refer to the cautionary information on
current resource estimates on slide 8 for the
Rail Deposit
LON DEPOSIT*
Resource (Historic):
250,000t @ 3.2% Cu.
5.2% Zn, 0.34g/t Au,
18.8g/t Ag
DICKSTONE MINE
Resource (Historic): 308,700t @2.34% Cu,
4.07% Zn, 0.31gt/ Au, 10.65g/t Ag
Past Production: 775,504t @ 2.34% Cu,
3.12% Zn, 0.41g/t Au, 12.0g/t Ag
RAIL DEPOSIT*NI 43-101 Indicated Resource:
822,000t @ 3.04% CU, 0.9%
Zn, 0.66g/t Au, 9.25g/t Ag
(3.9% Cueq)
Untested VTEM
Anomalies
16
200m
400m
• 100% ownership subject to a 2% nsr to Hudbay
• Sub-cropping Rail Deposit open in all directions
• 61 drill holes in +15,000m completed
RAIL DEPOSIT:
IND. 822,000t @3.0% Cu,
0.7g/t Au, 0.9% Zn, 9.3g/t Ag
(3.9% Cueq)*
Rail Deposit 3D
Longitudinal Section
(looking north)
surface
RAIL DEPOSIT: The 3rd Highest Grade Unmined Deposit in the FF-SL Mining Camp with Excellent Potential for Additional Tonnage
*Please refer to the cautionary information on current
resource estimates on slide 8 for the Rail Deposit16
RAIL DEPOSIT: Untested Anomalies and Resource Expansion: Q4-2016
17
• Excellent potential for
resource expansion
and discovery
• Historic drilling
intersected high grade
copper associated with
DPEM Anomaly
immediately below
deposit
• DPEM Anomaly below
deposit continues to
minimum 1,000m
vertical: UNTESTED
• 4-6 hole-2500m drill
program planned
Q4-2016*Please refer to the cautionary information on current resource estimates on slide 8 for the Rail Deposit
deepest historic hole: 2.1m @ 5.9% Cu
DPEM Anomaly: open to minimum
1,000m vertical
Off–hole
Anomaly
FW
Anomaly
Rail Deposit 3D
Longitudinal Section (looking west)
surface
18
4.74m grading 9.02% Cu, 3.46g/t Au, 1.66% Zn
1.83m grading 5.58% Cu, 2.54g/t Au, 3.28% Zn
2.35m grading 5.02% Cu, 1.26g/t Au, 1.28% Zn
5.11m grading 4.31% Cu, 0.61g/t Au, 2.68% Zn
3.57m grading 3.89% Cu, 0.79g/t Au, 1.65% Zn
3.96m grading 3.61% Cu, 0.72g/t Au, 0.09% Zn
2.29m grading 3.57% Cu, 0.72g/t Au, 0.15% Zn
4.08m grading 3.38% Cu, 0.39g/t Au, 0.27% Zn
6.09m grading 3.17% Cu, 0.51g/t Au, 0.15% Zn
8.01m grading 3.11% Cu, 0.30g/t Au, 0.08% Zn
8.38m grading 2.65% Cu, 0.43g/t Au, 0.06% Zn
RAIL DEPOSIT SIGNIFICANT ASSAY INTERVALS
*Please refer to the cautionary information on current resource
estimates on slide 8 for the Rail Deposit18
+1,000m vertical
RAIL DEPOSIT*
IND. 822,000t
@3.0%Cu, 0.7g/t
Au, 0.9% Zn,
9.3g/t Ag
(3.9% Cueq)*
Deposit Intersected to 275m vertical
TOWER DEPOSIT: PRODUCTION PLANNED IN 2018
19
TOWER DEPOSIT PROJECT ECONOMICS (Akuna PEA dated Feb., 2016)
Life of Mine 6 years
Production rate 1,080 tonnes
Production grades (avg.) 3.3% Cu, 0.5g/t Au, 1.0% Zn, 15.5g/t Ag
Assumed metal recoveries 94.9%Cu, 85% Au, 92% Zn, 83%Ag
Copper concentrate grade 28% Cu
Average operating costs $89.96/t milled including smelter transportation
Initial Capex $85.1M (includes $13.5M contingency)
Sustaining Capex over LOM $13.4M
Post tax cash flow $97.15M
Payback 24 months
NPV (8%) $51.5M
Post tax IRR 32.9%
Net payable revenue $379.8M (84% from Cu)
USD/CDN$ $0.76
Metal prices used $2.45 lb Cu, $1100 oz Au, $0.82 lb Zn, $15.0 oz Ag
TOWER DEPOSIT: PRODUCTION PLANNED IN 2018
20
Rockcliff’s Royalty Estimated to
Generate Risk Free Cash Flow of
over $1.0M a Year for 6 Year LOM
Estimated to Begin in 2018
Talbot Q3-4 2015 Drill Program Summary
TALBOT Q3-Q4 2015 PROGRAM
• 10 holes totalling +5000m completed
PROGRAM MILESTONES
• Talbot Deposit Main Lens: high grade copper corridor identified: 3-5m wide by
~100m strike length by ~400m of dip length grading ~15% Cueq
• Talbot Deposit North Lens: identified extension associated with large untested
anomaly-200m x 150m
• North Copper Zone: shallow copper discovery with multiple large untested
anomalies beneath copper mineralization
• RPA completed NI43-101 Inferred Resource Estimate
• Talbot Deposit: 2.17Mt @ 2.8% Cu, 2.4g/t Au, 2.2% Zn, 54.6g/t Ag
(5.7% Cueq)*
21
2015
*Please refer to the cautionary information on current resource estimates on slide 8 for the Talbot Deposit
Q4-2016 Planned Program: Near Term Deliverables
TALBOT PROPERTY: 5,000m, Q3/4-2016 Program
• Talbot Deposit: #1 ranked highest grade unmined deposit in FF-SL mining
camp: to continue resource growth on main lens (high grade copper corridor)
and north lens (north extension)
• North Copper Zone: to determine size and significance of large untested
anomalies below copper discovery
• Central Target: to determine copper significance of untested ZTEM anomaly
RAIL PROPERTY: 2,500m Q4-2016/Q1-2017 Program
• Rail Deposit: #3 ranked highest grade unmined deposit in FF-SL mining
camp: to expand on present resource and test geophysical anomalies
associated with deposit
22
2016
Leadership
23
Management Team
Kenneth Lapierre, P.Geo, President, CEO, DirectorFounder, Former President, CEO of Rockcliff Resources
Former President & CEO of JML Resources
Founder, Former VP Exploration & Director of
Mustang Minerals
Daniel Crandall, C.A., CFOSenior Manager at Marrelli Support Services Inc.
Former Manager at Collins Barrow Toronto LLP,
Mr. Crandall holds a CPA and CA certification.
Directors
Gerry McCarvill , Chairman, Director
Established Desert Sun Mining and Consolidated Thompson
Iron Mines
Chairman of Norvista Financial
Bruce Durham, P.Geo, Director
Former President & CEO of Solvista Gold
President & CEO of Nevada Zinc
Don Christie, C.A., Director
President & CEO of Norvista Capital
Edmund King, Director
Former Chairman and CEO of Wood Gundy and CIBC Wood Gundy
Chairman and Director of Caldwell Partners
Bill Johnstone, Director
Lawyer(Partner) with Gardiner Roberts, specializing in securities law
Capital Structure
24
TSXV-RCU
Shares Outstanding 103,201,018
Fully Diluted 127,555,680
Options 9,174,465 ($0.05-$1.40)
Warrants 15,179,197 ($0.085-$0.83)
Management 10% Market Capitalization ~$4.0M
Retail 75% Cash ~$1.8M
Institutional 10% No Debt
Kinross, HudBay 5%
52 Week High/Low $0.055/$0.015
Contact Information
25
Rockcliff
Copper Corporation
Ken Lapierre P.Geo. President & CEO
Email [email protected]
Mobile 647 678 3879
Office 416 644 1752