loadout location > donahue creek february 2015 1 this document contains certain forward-looking...
Post on 29-Dec-2015
218 Views
Preview:
TRANSCRIPT
Loadout Location >
Donahue Creek
FEBRUARY 2015
1
This document contains certain forward-looking statements and information relating to Highbank that are based on the beliefs of management as well as assumptions made by and information currently available to management. When used in this document, the words "anticipate," "believe," "estimate," "expect," and "intend" and similar expressions, as they relate to Highbank or its management, are intended to identify forward-looking statements. Such statements reflect the current view of Highbank respecting future events such as the antcipated completion of certain Prince Rupert-Kitimat construction projects, the company’s ramp-up schedule, various stages of financing by the company, completion of stage two and any production estimates, the company’s use of proceeds calculation, projected cashflow forecasted revenue and production dates, revenue and profit, and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended.
East side of Portland Canal fjord on protected, year round ice free tidewater
Site access by helicopter, float equipped aircraft, or boat
78 miles by water, south to Prince Rupert and 38 miles north to Stewart
Importantly only 35 miles south by water, to Grassy Point, site of proposed LNG Terminal/Plants
2
Swamp Point
3
4
5
Sector: Resources
Property Type: Construction Aggregate
Stock Market Symbol: TSX.V: HBK; Frankfurt: V7O
52-Wk Trading Range: C$ 0.105 - C$ 0.38
Shares I&O: 103,165,999(Feb 28,
2015)
Market Capitalization: C$18.0 million (approx.) 6
Athabasca Minerals TSX.V: ABM
Price: $1.0852-Wk Range: $0.65 -$3.20Market Cap: $39.9 million
Polaris Minerals (TSX: PLS)
Price: $2.6052-Wk Range $1.65 - $3.20Market Cap: $227.9 million
7
Sand, gravel, crushed stone essential for road building and concrete for commercial operations
Aggregate is the world’s most mined material next to oil. 2012 global sales revenues were est. at $99 billion, an increase of 41% from 2010 est. sales of $70 billion
Annual Canadian consumption of aggregate 10 to 15 tons per person
BC Production was 38 million tonnes in 2010 valued at C$322million
BC Production expected to considerably exceed previous years
8
All permits, licences and approvals obtained
Approx. $5.4 million of development and $3.2 million equipment capital costs
Proximity to LNG and pipeline projects – high demand for aggregate
NI 43-101 compliant resource (Measured, indicated and inferred)
First sales commitment received, other bids placed for supply
Cooperative agreement in place with First Nations
Processing Equipment on site and site preparation underway
Near-term production, barge loading commissioned Nov 2014
Land position increased from 51 to 174 Hectares (all in good standing)
9
10
Classification Tonnes
Measured 62,936,877
Indicated 8,775,166
Measured and Indicated 71,712,043
Inferred 2,246,464
Source: Formerly, Associated Geosciences Ltd. Now : DMT Geosciences Ltd., Calgary . Report written and certified by K McCandlish, P.Geo and P Cain, PhD, P.Eng., both qualified persons defined under NI 43-101. Report filed on Sedar and HBK website
PRINCE RUPERT AREA – HAS LIMITED SUPPLIES OF
QUALITY SAND AND GRAVEL
HIGHBANK’S SWAMP POINT DEPOSIT MEETS
SPECIFICATIONS FOR CONSTRUCTION AGGREGATE
NEAREST, LARGEST AND MOST ACCESSIBLE SOURCE WITH LOW COST TRANSPORTATION - BARGING
11
Primary Target Region
Prince Rupert-Kitimat, B.C. and Alaska
Competitive Advantage
Proximity to the Port of Prince Rupert’s construction projects facilitates port to port transportation – most economic mode of delivery
Strategic location to supply Grassy Pt. and proposed pipelines
Highbank’s First Sales Contract
To North Coast Concrete. 150,000 tonnes. Signed March 2014.
12
Proposed Off –Loading site at Ridley Island
10 year expansion plan of Prince Rupert Port Authority - $1.3 billion Federal Initiative
Spectra – BG, 850-km pipeline project - $6-$8 billion
Canpotex potash terminal - $400 million Watson Island Industrial Site
Redevelopment - $90 million Ridley Terminals coal expansion - $200
million and $90 million road and infrastructure projects
Global TV video clip on multi-billion dollar projects in Prince Rupert-Kitimat
http://tinyurl.com/9q4syyx
13
Canpotex Potash Export Terminal
Exxon Mobile Imperial Oil export, permit
filed for terminal at Grassy Point (38 miles
from Swamp Point)
Region’s share of BC provincial govt’s $25
billion Pacific Gateway Transportation
Strategy investment
Pacific North West LNG Terminal $9 - $11
Billion
See Invest in Northwest http://investnorthwestbc.ca
14
Site preparation complete October and Plant installed – stockpiles of aggregate being prepared for processing
Pilings for loadout completed October 2014
Loadout conveyor installed October/November 2014
Loading first barge for shipment estimated March 2015
Initial mining phase at rates of up to 235,000 tonnes per year
15
Initiate Environmental Impact and associated studies for unlimited production March – July 2015
Assess requirements for plant expansion February 2015
Install new conveyor from plant to load-out conveyor – 2nd Quarter 2015
Commence plant scale-up and determine additional equipment requirements
Year 2015/16 Full Scale production
16
Source of Funds
Convertible Debenture Financing C$4.0 millionOther Financing (Short Term Loans,warrant exercising) C$3.0 – C$3.5 million
Use of Funds
Swamp Point North Capital & Start-up Costs C$6.5 – C$7.0 million
General Working Capital C$ 500,000
Total C$7,500,000
17
Victor N. Bryant, I.Eng; MAusIMM, President/CEO/Director
40+ years mining experience incl. with Major Mining Companies
Gary Musil, Secretary/CFO/Director
30 years financial and management consulting experience
Stan Spletzer, VP of Aggregate Operations
30 years contracting experience incl. for Canfor, Houston Forest Products,
and BC Ministry of Forests
Luard J Manning, P.Eng (Mining) Director
50 years mining experience as a consultant and as President of L.J.
Manning and Associates since 1967
Jim Place, P. Geo;
25+ years with BC Government, engineering and consulting companies
including Levelton, and quarry evaluations
Bill Loucks CPA, CA, CFP
25+ years providing audit, accounting, tax & consulting services. Managing Partner – Collins Barrow Chatham - Kent
18
#600 - 625 Howe Street,Vancouver, B.C. V6C 2T6
Victor Bryant CEO/President/DirectorGary Musil, CFO, Secretary/Directort. (604) 683-6648/f. (604) 683-1350
highbank@telus.netwww.highbankresources.com
This document may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Forward-looking statements are projections of events, revenues, income, future economic performance or management’s plan and objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, title disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward- looking statements by the use of terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties 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, including: fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.
19
top related