Annual General Meeting November 20, 2014 SHAREHOLDER’S PRESENTATION
Transcription
Annual General Meeting November 20, 2014 SHAREHOLDER’S PRESENTATION
Annual General Meeting November 20, 2014 SHAREHOLDER’S PRESENTATION Presentation Outline • • • • • • An overview of your company The current marketplace we operate in Fiscal 2014 summary Tri Origin’s exploration projects Investment in Heron Resources Plans & strategy for the coming year Overview • • • • • A unique exploration Company with a strategy focused on discovery of gold & base metal deposits in the Canadian Shield Management has a substantial record of discovery of major ore deposits and in their development and financing Properties are strategically located nearby existing mining camps – Red Lake, Ontario – Pickle Lake, Ontario – Casa Berardi/Joutel, Quebec All properties are drill-ready Investment held in an emerging Australian producer valued at $1.88 million (Sept 30, 2014) Corporate Structure LEADING CANADIAN GOLD EXPLORER PROPERTY ASSETS: • • • • • Red Lake Extension – ON (Au) Exchange Listing: TSX Venture Trading Symbol: TOE Shares Issued: 89.4 million Shares fully diluted: 96 million Investment: $1,884,336 at Sept 30, 2014 North Abitibi – ON (Au) Sky Lake – ON (Au) Investment in Heron 12.6 million shares Heron Resources Ltd TSX: HER; ASX: HER SHARES ISSUED: n 361 million Directors and Management Directors; Robert Valliant, PhD., Director & CEO Former VP Exploration of LAC Minerals Ltd. Involved in the discovery and development of deposits representing a large portion of Canada’s current gold production (Bousquet/Doyon, PQ and Hemlo, ON) and gold discoveries in the southwest US while at LAC Co-founded Tri Origin, founded TriAusMin (TOR:TSX, TRO:ASX), discovered Lewis Ponds poly-metallic deposit NSW, acquired Woodlawn Mining District NSW to prepare for re-development J.P. Janson, Director Managing Director National Wealth Management with Richardson GMP Former Managing Director of the retail investment arm for Eastern Canada of CIBC Wood Gundy Alan Snowden, ICD.D., Director President of Family Wealth Management, British Columbia Former VP and Director for Western Canada of BMO Nesbitt Burns Inc. Alan Galley, PhD., Director Exploration Research Director, Canada Mining Innovation Council (“CMIC”) Over 30 years experience in the mining industry Previously Minerals Director with the Geological Survey of Canada Management; Lou Nagy, CA, CFO Frank Kendle, BSc, Senior Geologist Discovery Strategy CREATE SHAREHOLDER VALUE THROUGH DISCOVERY • • • • • • Scientific & systematic approach to identify new prospective terrain Well-developed targeting criteria used to recognize “off-the-beatentrack” opportunities District-scale properties acquired to envelope camp-scale discoveries Targeting high value precious metal or precious metal-rich polymetallic deposits Company expertise & experience is combined with modern & innovative exploration tools to generate and screen early-stage targets Shareholder value created through discoveries, partnerships with mining firms to advance projects & ultimately from a return on investment from participation in producing mines Tri Origin’s business is to make discoveries with camp-scale potential that attract mining partners Working Principles To enact its strategy Tri Origin is respectful of; • • • • Maintaining a high level of Corporate Governance and transparency to shareholders Minimizing investment risk by security of land title & exploring in areas with established infrastructure and low political risk Using investors funds responsibly through low corporate overheads & effective assessment of targets Operating with safety, the environment & Corporate Social Responsibility in mind State of the Industry Recent Pessimism • Resource market values have been destroyed • Liquidity is near zero • Investors are in despair & have fled • Major mining companies are in difficulty • Survival has been the operating principle The Return of the Speculator • • • • • • R. Widdop circa 1999 It’s time for optimism Junior resource Boom & Bust cycles are normal We are past the crash stage Producing companies are healing their wounds Mergers & cash takeovers are now happening because of low market valuations Producers will next look to explorers to fill the pipeline to replace dwindling reserves Investors will return to the market 2014 In Review Progress made in the Canadian Shield; • Dr. Alan Galley joined the Board of Directors • Work permits approved by the Ontario government at all projects allowing planned activities to be conducted for the coming two years • Geological surveying at the North Abitibi project continued to highlight importance of known gold zones & outline opportunities for new discoveries • Prospective new targets identified at the RLX project at Red Lake following termination of option with Osisko Mining Corp • Senior mining firms targeted to secure a funding partner for ongoing exploration at RLX • Potential gold and base metal acquisitions in overlooked mining areas in Ontario were reviewed to strengthen future property portfolio A Major Change to TOE’s Australian Investment; • Australian affiliate TriAusMin merged with Heron Resources to advance the Woodlawn Underground project through utilization of Heron’s $35 million in cash • Equity investment in HER had a value of $1,886,151 at Sept 30, 2014 Objectives for 2015 Make new Discoveries of Economically-Viable Gold & Base Metal Deposits To do that we will; • Add exciting new projects & partnerships to the Company’s portfolio • Secure a senior partner for RLX project, Red Lake, ON • Advance gold occurrences at North Abitibi project, Abitibi Greenstone Belt, ON, through drilling • Utilize investment funds to grow the Company’s asset base Canadian Shield Projects Sky Lake RLX Red Lake North Abitibi Pickle Lake Hemlo • Red Lake Extension (RLX) • Sky Lake • North Abitibi Timmins “Elephant hunting in elephant country” Toronto Red Lake Extension (RLX) • • • • • • Red Lake is one of the richest gold districts in Canada More than 20 million ounces of gold produced Comparable to other prolific gold mining districts including: Hemlo, Timmins and Kirkland Lake Senior mining companies have a long history in the area Tri Origin identified a unique opportunity in the District Targets are drill-ready 20 M oz Gold Production Tri Origin RLX Property RLX Property Asset • • • 100%-owned, strategic land position adjacent to Goldcorp’s Red Lake Mine property 859 claim units (140 sq kms)- one of the largest landholdings in the district Over $3.5 M expended to build a geotechnical database & advance the project – Gold-bearing environments confirmed by initial drilling – Confirmation that the “Red Lake Mine Trend” extends across the property • 10 kilometres of prospective “Red Lake Mine” host rocks require detailed exploration and drilling at orebody-scale targets Gold-bearing Rocks Madsen Mine at Red Lake Drill Core RLX 11-04 Altered rock from adit Exploration Plans at RLX Priority is to secure a senior partner to advance the project; 10 km to Goldcorp’s Red Lake Mine head frame 2013 Preliminary Grid Areas 2012 Grid Area Targeted “gold horizon” (yellow) Aeromagnetic, EM and Ground Survey Grids RLX is a very large property It needs to be wellcapitalized Sustainable, long-term exploration is required Objective is to maximize funding to drill targets Equity financings in the current market will not accomplish project goals North Abitibi 100% interest in 28 km2 property in the Abitibi Greenstone Belt - one of the worlds most prolific metal-producing regions Known gold occurrences on the property are in a regionally productive belt of rocks that includes the Casa Berardi & Estrades Mines & Joutel District Overburden hindered earlier geophysical/geochemical exploration Interest renewed in the area due to successful production from the Detour Lake Mine (15.5 million ounce reserve) 50 km to Detour Lake Mine 150 km to Kirkland Lake/Timmins North Abitibi Gold Occurrences Numerous gold Spade Lake Zone occurrences intersected by drilling throughout a 7 km x 3 km area Spade Lake and Road Gold Zones have shown continuity of high-grade assays Historic drill intersections to only 150 m below surface- zones open along strike & to depth Road Zone “New” Gold Zone Additional drilling required to evaluate economic potential of the property The Road Gold Zone Trench Area Plan Map Historic drill intersections returned anomalous gold over core intervals >50m Recent excavating Newmont drill holes 1987 Tri Origin drill hole 2007 exposed the Zone at surface- grab samples returned assay values up to 43 g/t gold The zone is open at depth & along strike Excavations to bedrock (yellow) Surface extent of zone can be inexpensively delineated by excavating Gold histograms from drilling (red)- capped at 5.0 g/t Grab samples from quartz-carbonate veins; 43 g/t Au, 140 g/t Ag 25 g/t Au, 96 g/t Ag 21 g/t Au, 73 g/t Ag 3.9 g/t Au, 20 g/t Ag Drill ready to evaluate economic potential of zone Sky Lake- New Discovery Potential Located 310 km north of Thunder Bay, Ont. Property includes 100%- owned claims covering 50 km2 plus 28km2 with option to acquire majority interest Within gold-rich terrain bounded on the east by the historic 2 million ounce Pickle Lake Gold District and on the west by past-producing Golden Patricia gold mine Central Patricia Mine (Au) Pickle Lake Gold District >2 M ounces produced Thiery Mine (Cu, Ni) Golden Patricia Mine (Au) Dona Lake Mine (Au) 0 20 kilometres Sky Lake Property Sky Lake Gold Occurrences Gold occurrences in iron-formation & volcanic rock are known throughout the 20 km long property Prospective, unexplored gold-bearing terrain is targeted adjacent to partially-delineated gold occurrences discovered in the 1950’s Airborne & ground geophysical surveys conducted by TOE have identified targets for drill testing Iron Formation (interpreted) Significant Au Occurrences “next door” resemble Bousquet/LaRonde Au district, Quebec Property boundary Proposed 2015 Survey Area 2014 Survey Area 0 10 kilometres Project Summary RLX Large, strategic land position tied to Goldcorp’s Red Lake Mine property “Red Lake Mine Trend” rocks and structures extend across the property Geophysical targets recently delineated and drill-ready North Abitibi Gold-bearing but overburden-covered segment of the Abitibi greenstone belt Numerous Au occurrences have been found within a 7 km long property trend Road & Spade Lake Gold Zones are open and drill ready Sky Lake Surrounded by past-producing gold mines in the Pickle Lake district Historic gold zones and newly identified occurrences provide strong evidence for new discovery potential on the property Promising new targets are drill ready Investment in Heron Tri Origin owns 12.6 million shares of Heron Resources Ltd: an Australian development-stage base and precious metals company Investment value: $1.88 million (based on TSX market price at Sept 30, 2014) A focus on the Woodlawn Project Past-producing Woodlawn Open Pit & Underground Mine Historical Processing: 1978 to 1998 13.8Mt @ 9.1% Zn, 3.6% Pb, 1.6% Cu, 74g/t Ag, 0.5g/t Au Utilization of Heron Investment The merger between TriAusMin, the Company’s former subsidiary and Heron terminated Tri Origin’s involvement in Australian activities and resulted in a refocussing of the Company’s business strategy • • • • • Heron will continue with exploration & development of Resource & Reserve-based assets in the Lachlan Fold Belt of NSW, Australia Drill results released by Heron have been encouraging & plans are to access underground workings at the past-producing Woodlawn mine Heron has ~$35 million in cash Tri Origin believes that Heron’s efforts will be successful and its equity investment will increase in value Tri Origin plans to utilize this investment to grow its asset base in the Canadian Shield Tri Origin’s business plan involves capitalizing on the investment at the appropriate time to achieve company objectives and add to its discovery strategy Plans for 2015 A New “Discovery Strategy” will commence involving; • Increasing activities in the Canadian Shield • Acquiring new projects & partners • Renewing exploration at RLX with a new funding partner • Evaluating Gold Zones at North Abitibi • Making Discoveries Tri Origin thanks its shareholders for their continued support and looks forward to a successful 2014 Tri Origin is an experienced, well-recognized explorer with a successful track record. It has demonstrated ability to acquire and explore properties with proven mineral deposit potential , to finance its exploration and form strategic joint ventures with respected industry partners. Tri Origin conducts exploration in an environment friendly fashion and with respect to local communities. tel: 905 727 1779 www.triorigin.com explore@triorigin.com