1 well defined. well advanced. well planned. krp deposit: a new gold discovery with world class...
TRANSCRIPT
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WELL DEFINED. WELL ADVANCED. WELL PLANNED.
KRP DEPOSIT:
A New Gold Discovery with World Class Potential
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Investment Highlights
• Advanced gold exploration project located in one of the best mining jurisdictions in the world – Ontario, Canada
• Lead KRP project has a bulk tonnage model with multi-million ounce potential
• High quality initial 43-101 resource of over 1 million ounces• 377,000 M&I Au oz @ 1.73 g/t• 624,800 Inferred Au oz @ 1.02 g/t
• KRP Project located next to excellent infrastructure • Rundle-Swayze project has 300,000 ounces with excellent upside
potential• 166,000 M&I Au oz @ 7.17 g/t• 142,100 Inferred Au oz @ 5.52 g/t
• Experienced management team• Capital market and operational experience
• Attractive valuation• Priced at $30 EV/oz vs. $120 EV/oz• Leverage to multiple expansion and resource expansion
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Canadian Operations Near Excellent Infrastructure
• Located near Sioux Lookout/Dryden in Ontario, Canada
• 4 km off of paved provincial highway
• Power lines 15 km from discovery
• Abundance of skilled labour nearby
• Can carry out drilling year round with multiple drill rigs
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Historic PowerTrans-Canada
KRP Project located on a Prolific Greenstone Belt
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Cameron1Moz Au
KRP1Moz Au
• The KRP deposit is situated
on the Wabigoon Greenstone
Belt
• It is in a similar setting to
Rainy River’s project, also
situated in the Wabigoon
sub-province
• Land package of 24,862
hectares (100% controlled)
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Initial NI 43-101 Resource Estimate
Cut-off
Class Tonnes
(mm)
Au (g/t)
Ounces
0.3 g/t
Measured
4.7 1.74 263,000
Indicated 3.6 1.42 167,000
M&I 8.3 1.60 430,000
Inferred 25.5 0.88 722,000
0.4 g/t
Measured
4.2 1.81 243,000
Indicated 3.1 1.53 151,000
M&I 7.3 1.69 394,000
Inferred 21.8 0.96 673,000
0.5 g/t
Measured
3.9 1.85 233,700
Indicated 2.8 1.57 143,300
M&I 6.7 1.73 377,000
Inferred 18.9 1.02 624,800
Wardrop Engineering Report – October 2010
• Seven mineralized zones• Current & 43-101 compliant – 1,001,800
ozs at 0.5 g/t cut-off
• Historical metallurgical tests demonstrate recoveries ranging from 95.7% to 97%
Increasing Ounces
Potential to SignificantlyExpand Strike Extension
of Mineralization• Only 3.0 km of strike
length explored• Mineralization known to
extend over 7.0 kms• Additional mineralized
zones identified to both North and South of current KRP zones
• Strike length begins at KRP deposit through to the Quyta block (drilled with a geological potential of approximately 150,000 ozs)
6
12 km
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EV / Resources ($/Au oz)
$132.60 - Peer Average (ex. High and Low)
$30.10 - Tamaka (post-money)
4.4x
Tamaka Valuation (cont.)
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Pro Forma Share Capital Structure
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Type Shares
Flow-Through Shares 21,751,197
Common Shares 91,088,724
Total Basic Shares112,839,9
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Options 12,303,840
Warrants @ $0.50 20,090,683
F.D. Shares145,234,4
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Recent Financings Notes
Summer 2011 Raise 20,090,683 Units at $0.35
12,979,662 Flow Through shares at $0.375
Sept. 30, 2010 – May 2011 950,000 Common Shares at $0.50
500,000 Common Shares at $0.40
Year Ending Sept. 30, 2010 2,387,500 Common Shares at $0.40
100,000 Flow Through Shares at $0.50
Year Ending Sept. 30, 2009 1,562,500 Common Shares at $0.40
230,769 Flow Through Shares at $0.65
2,960,000 Flow Through Shares at $0.50