corporate presentation q4 2013

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Mogul Ventures Corp. OORTSOG OVOO TIN PROJECT Q4, 2013

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Page 1: Corporate Presentation Q4 2013

Mogul Ventures Corp. OORTSOG OVOO TIN PROJECT

Q4, 2013

Page 2: Corporate Presentation Q4 2013

2

THE FOLLOWING INFORMATION may contain forward–looking statements. Forward

looking statements address future events and conditions and therefore involve

inherent risks and uncertainties. Actual results may differ materially from those

currently anticipated in such statement. Forward-looking information is subject to

known and unknown risks, uncertainties and other factors that may cause Mogul

Venture Corp’s actual results, level of activity, performance or achievements to be

materially from those expressed or implied by such forward-looking information.

Such factors include, but are not limited to: uncertainties related to the historical

resource estimates, the work expenditure commitments; the ability to raise

sufficient capital to fund future exploration or development programs; changes in

economic condition or financial markets, regulatory, political and competitive

developments; technological or operational difficulties or an inability to obtain

permits required in connection with maintaining, or advancing projects; and labour

relation matters *All historical resource estimates quoted herein date from the 1960s and 1970s and are based on prior

data and reports obtained and prepared by previous operators and information provided by the State, using

a Russian classification system not compatible with 43-101. Insufficient data exists to compare Russian

categories to current C.I.M. categories. A qualified person has not completed sufficient work to verify the

classification of the historic mineral resources and as such they should not be considered as current

resources and they should not be relied upon. Mogul Ventures believes these historical results provide an

indication of the potential of the property and are relevant to ongoing exploration. It should also be noted

that mineral resources which are not mineral reserves do not have demonstrated economic viability as

defined by NI 43-101 guidelines.

www.mogulvc.com

Page 3: Corporate Presentation Q4 2013

3

COMPANY OVERVIEW

• The Tin+polymetallic metals project has a historic

resource of 39,000 t of contained tin and a

significant upside potential. The deposit also

appears amenable to open pit mining

• The company leverages world-class management,

technical expertise and in-depth local knowledge

to acquire, explore and develop mineral projects in

Mongolia

www.mogulvc.com

*Ovdog Hudag Coal Deposit, Mogul Ventures Corp. – NI 43-101 Report by SRK Consulting (China) Ltd., June 30, 2012

• Mogul Ventures Corp. focuses on

exploration, development and

production of metals and coal in

Mongolia

• Two flagship projects: Oortsog

Ovoo polymetallic project &

Ovdog Hudag-Ikh Ulaan Nuur

coal project

• NI 43-101 compliant Inferred

Resources of 89.6 million tons of

coal established at Ovdog Hudag

Thermal Coal Deposit based on 14-drill

hole, 2,369 meters drilling program*

Shares Outstanding 112,499,907

Warrants Outstanding 554,195

Fully Diluted 113,054,102

Capital Structure (01.01.2013)

Page 4: Corporate Presentation Q4 2013

4

MOGUL VENTURES TEAM

STEVEN KHAN, MBA, CFA Executive Chairman & Director

• Previous 20 years of experience in all aspects of

the investment industry including executive

positions with regional and national full-service

Canadian investment brokerage houses

• Focused on strategic corporate and business

development as well as resource and venture

capital financing during the last decade

• Holds Director and Executive Officer roles in a

number of public and private resource

companies

• Successfully completed major corporate

development initiatives both domestically and

internationally including in Japan, Korea and

China

www.mogulvc.com

JAMUL JADAMBA , MBA CEO, President & Director

• Formerly a natural resource and mining-focused

investment banker with an extensive capital

raising background, servicing worldwide

companies, especially in Mongolia

• Former Director and co-founder of the Metals

& Mining Group at Rodman & Renshaw LLC.

• Native Mongolian with well-established

relationships with influential business and

government leaders in Mongolia

• Extensively writes and speaks on topics of

Mongolian economy, development and politics

for organizations such as Oxford Analytica,

Institutional Investor and Business New Europe

Page 5: Corporate Presentation Q4 2013

5

MOGUL VENTURES TEAM

www.mogulvc.com

MAZEN HADDAD Director

• A seasoned investor and financial professional,

Mazen is currently a Director of Argex

Titanium Inc, a publicly listed exploration

company that is entering into the

development stage for its flagship project.

• Formerly President of Township Capital Inc.

from 2005 until 2010.

• Previous to that, he was Chairman of SGI

Properties Canada Fund L.P., a private real

estate investment trust (REIT) focused on

residential real estate in Montréal as well as

Vice-President of SGI Capital Corp., a private

investment company.

• Mazen received a B.A. degree in economics

from Emory University of Atlanta, Georgia.

MICHAEL HAWKINS, MAusIMM Director

• Over 30 years of exploration experience in

Mongolia, PNG, Indonesia, Australia, North

America and Latin America.

• Formerly CEO and President of East Asia

Minerals Corporation. During his tenure at East

Asia, Michael and his team discovered multi-

million ounce gold deposits in Indonesia as well

as closed an unprecedented Mongolian uranium

transaction

• Previous to that, he was the Mongolia Manager

for AngloGold Ashanti.

• Michael has a proven track record for discovery

of high-grade deposits and has been directly

involved in the greenfield exploration, discovery

and development (pre-feasibility and feasibility

studies) of several million ounces of gold in the

Asia-Pacific region.

Page 6: Corporate Presentation Q4 2013

6

MOGUL VENTURES TEAM

DAVID A. TERRY, Ph.D., P.Geo. Senior Technical Advisor

• Over 20 years of business experience in the natural resource sector, focused primarily on exploration of

precious and base metal deposits in North and South America.

• Director of and advisor to several publicly-listed mineral exploration companies

• Specializes in public company management, strategic planning, finance, advanced project evaluation,

identification and acquisition of opportunities, design and implementation of effective and cost-efficient

exploration programs

• Held positions with a number of senior mining companies including Boliden Limited, Westmin Resources

Limited, Hemlo Gold Mines Inc., Cominco Limited and Gold Fields Mining Corporation

www.mogulvc.com

Page 7: Corporate Presentation Q4 2013

7

MONGOLIA OVERVIEW

• Recognized as the home of some of the world’s largest natural resource deposits

including coal, gold and copper

• Strategic location

• Next door to the biggest consumer of commodities in the world – China

• Mining is the most important sector:

• “Contributes 30% of GDP and 70% of exports”(1)

• Favorable political environment:

• Mongolian Government focused on the long-term development of resource-related

sectors and favorable policies towards business and foreign investments

• Stable business-friendly democracy:

• 20+ year history of uninterrupted peaceful and democratic government

• Homogenous country with minimal risk of ethnic or religious conflict

www.mogulvc.com

Source: (1) the Ministry of Mineral Resources & Energy of Mongolia

Page 8: Corporate Presentation Q4 2013

8

MONGOLIA: MINING INDUSTRY OVERVIEW

• Mining industry size: 30% of GDP(2)

• Market Cap of publicly traded

companies with assets in Mongolia,

including non-Mongolian junior mining

companies: $30B+(3)

• Investment Capacity of Mongolia’s

mining industry (5 years): $25 - $30B(4)

• 6,000 known mineral occurrences(5)

• 80+mineral deposits found recognized

as economic by the Mineral Resources

Authority of Mongolia(6)

Mongolia is poised to become one of the fastest growing

economies in the world in the next two decades

Sources:

(2) the Ministry of Mineral Resources & Energy of Mongolia

(3) Bloomberg

(4) How much capex the country can absorb given known development projects. Statement made by the former Prime Minister Bayar

(5), (6) The World Bank report on “Mongolian Mining Sector: Managing the Future”

(7) National Statistics Bureau

www.mogulvc.com

Page 9: Corporate Presentation Q4 2013

9

TIN MARKET OVERVIEW

• As growth in electronics manufacturing shifted from the West to the East, Asia has emerged

as the leading consumer of Tin

• Not surprisingly, China is both its biggest producer and consumer

According to LME, Tin (Sn) is the only industrial metal with ongoing

physical supply deficits for 2013

www.mogulvc.com

Page 10: Corporate Presentation Q4 2013

10

TIN USAGE

• Over 50% of Tin is used as a solder.

Emergence of lead-free solders has

boosted demand

• Tinplate’s share (tin coated steel, such as

in cans and containers) has come down

significantly

• There is an increasing trend of tin usage

for various chemical and industrial

applications such as:

• Stabilizer for PVC plastics

• Lithium-ion batteries

• Cutting-edge technologies such as

carbon nanotubes and graphene

• Solar cells, acid batteries and electric

car batteries

• Various chemical catalysts

www.mogulvc.com

Tin Usage

Source: ITRI

Page 11: Corporate Presentation Q4 2013

11

TIN PRODUCTION

• Most of Tin production is from underground mines. Estimated cash costs for a typical underground mine with 1% grade is ~$20,000/t1

• 10% of world mine production comes from the San Rafael underground mine in Peru (owned by Minsur) which is slated to run out of ore within 4 years2. Small and artisanal mines, which account for ~100ktpa of global mine supply, are being closed as well

• Open pit production is in a small minority, but has advantage as estimated cash costs at 1% grade are under $10,000/t1

• 7 out of 10 top producers have experienced production volume declines in 20123

• Indonesia, which supplies 40% of globally mined tin, has tightened regulations resulting in a 90% reduction in exports 4

www.mogulvc.com

Ranking Company Production, tonnes % change

1 Yunnan Tin (China) 69,760 24.20%

2 Malaysia Smelting Corporation 37,792 -6.10%

3 PT Timah (Indonesia) 29,600 -22.40%

4 Minsur (Peru) 25,399 -15.90%

5 Thaisarco (Thailand) 22,847 -4.30%

6 Yunnan Chengfeng (China) 16,600 7.60%

7 Guangxi China Tin (China) 14,034 -9.60%

8 Metallo Chimique (Belgium) 11,350 13.40%

9 EM Vinto (Bolivia) 10,800 -1.50%

10 Gejiu Zi-Li (China) 7,000 -18.60%

Top Ten Producers in 2012

Source: (1) Greenfields Research (2) Minsur (3, 4) ITRI

Page 12: Corporate Presentation Q4 2013

12

TIN SECONDARY SUPPLY

• Including alloys, more than 30% of

world tin consumption is from

recycled tin

• Not surprisingly, China again is the

biggest recycler

• Tin recycling is likely peaking or has

peaked

www.mogulvc.com

Secondary Recycled Tin Production

Source: ITRI

Page 13: Corporate Presentation Q4 2013

13

TIN MARKET

• In early 2011, Tin prices hit a high of over $32,000/t

• For new mine supplies to materialize, prices are likely to hold or stay above current levels of

about $23,000/t

www.mogulvc.com

Actual and Inflation-Adjusted Prices Historic and Forecasted Demand

Source: ITRI

Page 14: Corporate Presentation Q4 2013

14

LARGEST UNDEVELOPED TIN DEPOSITS

www.mogulvc.com

Source: SNL Metals Economics Group, Company websites, Mogul Ventures Corp.

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Page 15: Corporate Presentation Q4 2013

15

PUBLIC COMPARABLES

• Mogul’s Oortsog Ovoo is one of the top tin exploration projects in the world

• Oortsog Ovoo has one of the best grades among known potential open pit mines, further

improved by likely credits for accompanying metals

www.mogulvc.com

Source: Company websites

Company Project Location Main Mineral Resources Grade

Mkt Cap

(10/23/13)

Proposed

Mining Method

Economic

Interest

Kasbah Resources Kasbah Morocco Tin 135,000 t1 0.90% $61M UG 100%

Gillian 23,409 0.78%

Pinnacles - Wafer 5,540 0.41%

Pinncales - Hartog 1,085 0.51%

Deadmans Gully 1,967 0.49%

Windermere 11,566 0.55%

Jeannie River 13,440 0.60%

TOTAL 2 57,007 0.64%

Stellar Resources Heemskirk Australia Tin 48,000 t3 1.10% $12M UG 100%

Mogul Ventures Oortsog Ovoo Mongolia Tin 39,200 t4 0.65%5 N/A Open Pit 100%

Venture Minerals Mt. Lindsay Australia Tin/Tungsten 38,000 t6 0.30%6 $56M Open Pit 100%

1 JORC compliant resources: Inferred 93,000 t, Indicated 42,000 t

2 JORC compliant resource, included Indicated and Inferred

3 JORC compliant resource, included Indicated and Inferred

4 Historic resource based on 41 drill holes and 207 trenches. Does not include credits for other metals present such as Cu, Pb, Zn, Ag, Au, Bi, Ca and Fe

5 Grade doesn't account for other metals credit

6 JORC compliant resource, only credits Sn, Sn-equivalent resource would be 103,000 at average grade of 0.70%

Consolidated Tin Mines Australia Tin $14M Open Pit 100%

Page 16: Corporate Presentation Q4 2013

16

OORTSOG OVOO DEPOSIT

• Cassiterite (Sn) skarn system with Zn-Pb-Cu-

Fe-W-Ag-In

• Twenty four ore bodies have been identified

and studied to varying extents

• Historic exploration focused on Sn provided

following results:

• Historic Resources totalling 39,237 t Sn

Metal reported*, making Oortsog Ovoo

an overall top 20 deposit in the

world1

• ~6.7 Mt @ an average grade of 0.65% Sn,

with no credits for other metals present

• The deposit was proposed to be mined via

5 open pits to a maximum depth of 150m,

with average stripping ratio of 4:1

• Low Sulphide Sn-dominant (0.25 to 1.13%

Sn) and High Sulphide Zn-Pb-Cu-Fe-Ag-In

zones delineated

*Historical resources - see note on Page 2 of Presentation (1) Based on resource size ranking by ITRI

The historical drilling had very low core

recovery rates (60%-65%) due to the low

quality of Soviet drills. With the use of

modern drilling equipment, Mogul has

accomplished a higher core recovery rate

which may result in higher detected metal

grades when assayed

Page 17: Corporate Presentation Q4 2013

17

OORTSOG OVOO DEPOSIT

• A significant historical body of exploration

work exists on Oortsog Ovoo

• 41 holes were drilled on the three zones

depicted

• A significant trenching program of 207

trenches was also conducted

• Rock chip samples taken by Mogul also had

high grades of copper ranging as high as

1.5%, 3% and over 6%

• A total of eight mineralized zones have

been identified, three of which have had a

significant amount of exploration work

• There is excellent potential for expanding

resources through exploring the zones

that have not been explored yet as well as

areas in between zones

Page 18: Corporate Presentation Q4 2013

18

GROUND MAGNETICS PROGRAM

1km

1km

North Zone

Middle Zone

Central Zone

Eastern Zone

South-Eastern

Zone

Magnetic

Intrusive? • The Vertical Gradient image above shows a

strong linear dipole anomaly is associated with

the three main segments which comprise the

Northern Zone, which has been delineated to

date by trenching and drilling over 1.2km of

strike length.

0.5km

• The Company contracted a detailed ground magnetic survey in June, 2013 covering a 3.5km

by 4km area.

• The RTP results (above) shows a significant number of magnetic anomalies were detected;

many anomalies correlate with known zones while some require follow-up.

Page 19: Corporate Presentation Q4 2013

19

2013 CONFIRMATION PROGRAM • Mogul conducted a 1,500 meter confirmation drill program in

October of 2013

• The program focused only on the Eastern zone and a segment

of the Northern zone of the system. These areas had the most

detailed historical exploration with the resulting potential for

rapid resource confirmation/delineation and near-term

development

• The program’s main objectives were:

• Parallel drill (twin) select historic holes to confirm and

correlate accuracy of historic work

• Drill vertical and horizontal step out holes to delineate

mineralized zones in detail

• Conduct modern assays based on a +90% core recovery

rates, which were achieved. This may result in an upside in

tin grades as compared to the historically reported

resource average of 0.65% Sn

• Improve the overall geological understanding of the

deposits

• Subsequent to this program, we believe that either the

Northern or Eastern zone can be targeted for rapid

exploration and development

• Results of this program are still pending and will be reported

once received and interpreted

Photo: Drill rigs at the Eastern Zone of Oortsog Ovoo, magnetite core from drilling

Page 20: Corporate Presentation Q4 2013

20

GOALS AND OBJECTIVES • Ongoing exploration program is confirming and significantly improving on

the historical body of knowledge about Oortsog Ovoo

• The project has a significant potential for resource expansion as historic

work was performed only on outcropping zones and only shallow drilling

and trenching were performed

• At a total strike length of 5km for visible mineralized zones and magnetic

anomalies identified through the geophysical program, the project has

strong potential for discovery of resources well in excess of historic

resource estimates

• The next stage of exploration at the Oortsog Ovoo polymetallic project

will include:

• Ground and airborne geophysical surveys

• Additional detailed surface sampling and mapping

• 10,000 m drill program

• Resource modelling and engineering work

• Bulk sampling and metallurgical testing

• Develop a PFS or BFS based on the most advanced mineralized zones

• Expand exploration with the aim of making Oortsog Ovoo a 100 kt+ tin

deposit with additional credits for other metals

• Move the historically well explored Northern and Eastern zones in to

development and production within 12 to 18 months

Photo: Mogul staff and geologists at Oortsog Ovoo skarn, 2012

www.mogulvc.com

Page 21: Corporate Presentation Q4 2013

Contact Information +1 416.915.4202 | [email protected]

Suite 5700 – 100 Kings St. West

Toronto, Ontario

M5X 1C7, Canada