focused on the next discovery chile / argentina · 2020. 4. 27. · sprott natural resource...
TRANSCRIPT
CHILE / ARGENTINA
GOLD / SILVER / COPPER
A PREMIER PROJECT GENERATORFocused On The Next Discovery
TSX.V: MRZ
mirasolresources.comBooth 32
SPROTT NATURAL RESOURCE SYMPOSIUM 2018For further information, contact:
Stephen Nano, CEO
Jonathan Rosset, Corp. Dev. Manager
Cautionary Statement
This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other thanstatements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and events or developmentsthat the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and aregenerally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similarexpressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Information inferred from the interpretation of drilling resultsand information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of whatmight be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differmaterially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-lookingstatements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic,market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results ordevelopments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs,estimates and opinions of the Company’s management on the date the statements are made. The Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change, except as may be required byapplicable law.
This presentation may use the term “indicated resource”. The Company advises investors that although this term is recognized and required by Canadiansecurities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), however the US Securities and ExchangeCommission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories willever be converted into reserves.
All material project information in this presentation has been previously disclosed to the public by Mirasol.
Stephen Nano, President and CEO for the Company and a “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientificand technical information in this presentation.
MIRASOL RESOURCES
Portfolio Overview: Large High Caliber Gold – Silver – Copper Project Portfolio in Chile and Argentina
3
Partner-funded exploration work:
FY 2017/2018
→ Aggressive Drilling Planned for
FY2018/19
Argentina: Claudia JV – OceanaGold
Argentina: Curva JV – OceanaGold
Chile: Altazor JV – Newcrest Mining CA$ 9.1M2017
2017
2017
Chile: Zeus JV – Newcrest Mining 2018
10 Drill Ready Property PackagesChile and Argentina
25 early stage pipeline projects
Business Development emphasis on new JVs
+Self funded Exploration
Strategy500 km
ATACAMA PUNA GENERATIVE REGION
SANTA CRUZ GENERATIVE REGION
JV Project
Deal Ready /Pipeline Project
Strategy: Accelerating drill testing and the Path to Discovery
4
REW
AR
D (
de
po
sit
siz
e,
reta
ine
d in
tere
st)
RISK ($ to test, time, target type)
Mirasol Expanded Exploration Strategy
Self Funded Exploration on select projects
JV Model on Large Scale
Targets
JV Model on smaller scale
targets
Traditional Exploration
model
Expanded Exploration Strategy in place:
→ Retain the Project Generator Model as a central pillar of the business philosophy
→ Self funding of high grade / infrastructure advantaged / lower risk projects
→ Partner funded drill testing of large-scale, high risk / high reward projects
20 to 30%
3 Moz +
100%
1 to 3 Moz
Partner fundedJV Model
Mirasol funded exploration
Mirasol Retained Project
Funding in place:
→ Completed $8.6M Placement in June 2018 (70% over-subscribed)
→ C$25M in bank (June 30, 2018)
Exploration Activities FY2018-2019 → DRILLING focussed
Altazor Newcrest JV Targeting / planning
Zeus Newcrest JV Targeting / planning
La Curva OceanaGold JV Targeting / planning
Claudia OceanaGold JV Targeting / planning
Nico Mirasol Surface + Drilling
Libanesa Mirasol Surface + Drilling
Sascha Mirasol Surface Exploration
Chilean Pipeline Mirasol Surface Exploration
5
PROJECTS
Potential for up to
6 Drill
programs FY2019
+ Surface exploration in both countries
→ Funding and Partners in place to deliver aggressive exploration programs this year→Opportunity for investors to gain exposures to news flow from exploration
Business Development Focus: Focused on Delivering Flow of New Deals
Previous Partners
6
Current Partners
→ Large Portfolio of high calibre projects – the focus of our Business Development initiative → Track record for strong deals with quality partners on our projects in Chile and Argentina
4 partner funded Projects8 partner funded Projects→ 1 discovery / 7 returned without retained interest by partner
Arge
ntin
aC
hile
Mirasol Projects: Extensive Gold – Silver - Copper Portfolio in World Class Mining Belts
7
4 JV agreements with producers: Altazor, Zeus, La Curva, ClaudiaTargeting large scale discoveries
Extensive Portfolio of Drill Ready Projects in Chile and Argentina – Odin, Rubi, Gorbea, Nico, Virginia/Sascha, Homenaje/Espejo, Libanesa, Indra, Amarillos, IDO Gold
Pipeline Projects includes leading position in the Prospective Mio-Pliocene mineral Belt
Argentina: Santa Cruz Au + Ag 13 Projects / 420,000 ha
La Curva JV
OceanaGold
Claudia JV
OceanaGold
Taltal
Copiapo
El Penon
El Guanaco
Inca de Oro
Relincho
Argentina
Chile
Antofagasta
100km
Taca Taca12MT Cu
Taltal
Antofagasta
ChuquicamataCluster
Copiapo
Potrerillos
Gaby
El Salvador
EscondidaCluster
100km
Argentina
Chile
Salares Norte3.7 Moz Au
49.5 Moz Ag
Veladero
Chile
Alturas6.8 Moz Au
La Coipa
Argentina
100km
Zeus JVNewcrest Mining
Altazor JVNewcrest Mining
Gorbea
Paleocene Igneous Belt Oligocene Igneous Belt Miocene Igneous Belt
Significant Au Deposit Significant Cu Deposit
Odin
Rubi
CentinelaCluster
MaricungaBelt
El IndioBelt
Chile: Paleocene Au + Ag8 Projects / 32,100 ha
Chile: Oligocene Cu5 Projects / 41,100 ha
Chile: Mio-Pliocene Au + Cu24 Projects / 125,400 ha
Indra
Amarillos
IDO Gold
Antofagasta
Iquique
Copiapo
8
Partner Funded Exploration
MRZ Funded Interest 25%
Joint Ventures: Newcrest Mining Targeting Large High Sulfidation Gold Deposits in Chile
9* Gold Fields Mineral Resource and Mineral Reserve Supplement to the Integrated Annual Report 2017.
MRZ Partner Funded Interest 20% PEA
$650k cashUS$ 10M Exploration Expenditures
$600,000 option payments
5 years 4 years
51%75%
80%
FS$650k
65%
+funding
→Two Deals in Chile with a Major Gold Producer
→Targeting district scale multi-million ounce High SulfidationEpithermal (HSE) gold deposits
→Completed surface exploration in both projects in first 7 months of JVs totalling CA$2.3M
Mantos Blancos
Chimborazo
Escondida
El Peñon
Taca Taca
Gaby
Antofagasta
Argentina
Chile
Taltal
5
475
23
Chañaral
Socaire
La Coipa
Potrerillos
El Salvador
Inca del Oro
50 km
Nueva Esperanza
Altazor JVNewcrest
MiningMRZ Odin Cu Project
MRZ Rubi Cu Project
Salares Norte*3.7 Moz Au,49.5 Moz Ag
Zeus JVNewcrest
Mining
MRZ Funded Interest 25%
MRZ Partner Funded Interest 20% PEA
$ 500k cashUS$ 9.5M Exploration Expenditures
$500,000 option payments
5.5 years 4 years
51%75%
80%
FS
65%
+funding
Altazor US$ 1.5M spend over 12 months, 100k option payment
Zeus US$ 1.5M spend over 18 months, 100k option payment
Gorbea Au Projects100% owned
Mirasol’s Project Equity
Mirasol’s Project Equity
Newcrest Mining Chile: Zeus JV Project Initial Surface Exploration Program Completed May 2018
10
→Targeting multi-million ounce gold deposit
→Partner-funded surface exploration completed in first 6 months (May 2018) of JV totalling CA$0.8 M
→Data analysis in progress for drill decision in July
Characteristics• 40 km ESE of the multimillion oz Gold Fields Salares Norte discovery • Large-area Au target: 18,480 ha of contiguous claims • Two breccia-hosted gold targets – the Artemisa and Apollo • Gold grades from rock chip sampling of up to 1.28 g/t Au
Program completed the end of May 2018• Detailed mapping and rock chip • Systematic soil sampling geochemistry • CoreScan alteration mapping• 32 line-km of Controlled Source Audio-Magnetotellurics (CSAMT)
geophysics
Zeus 1st Floor claims Prospects
ArtemisaBreccia
ApolloBreccia
5 km
Zeus Project
18,480 ha
Esri World Image
Newcrest Mining Chile: Altazor JV Project Initial Surface Exploration Program Completed June 2018
11
→Targeting multi-million ounce HSE gold deposit
→Partner-funded CA$1.5M surface exploration program completed first 7 months (June 2018) of the JV
→Data analysis in progress for drill targeting
Characteristics• 7.8 Ma in key “fertile” age bracket → Pascua,
Veladero, Salares Norte giant HSE Gold Deposits• Extensive (70km2) steam heated cap, advanced
argillic alteration, silicification and local vuggy quartz• Multiple breccia complexes mapped• Anomalous gold, silver, copper, lead, zinc in
prospective geological setting
Program completed to the end of May 2018• Detailed mapping and rock chip • Systematic soil sampling geochemistry • CoreScan alteration mapping • Ground Magnetic coverage• 66 line-km of CSAMT geophysics
Altazor Project22,900 ha
Altazor Core
QuebradaAlunita
La Puerta Purichari
Centinela E
Pirofilita
QuebradaSulfuros
Base Image: ALOS DSM
500 m
Legend
Monzodiorite
Polylithic Breccia
Alluvium Colluvium Pre/syn- altered volcanics (dacitic)
Eplicastic Rock
Dacite (A)Dacite Tuff (F)
Dacite (P)Volcanic Breccia/Tuff
Geology
Altazor Property
OceanaGold Argentina: Targeting High Grade Low SulfidationGold – Silver in Argentina
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La Curva
4 years 4 years
→ 2 strong deals with successful producer → OceanaGold (OGC)
→ Targeting Standalone high grade Gold and Silver deposits
→ Combined spend JV spend of CA$3.9M for first 12 months
• First drilling program completed at Curva: Results released phase II drill planned for Southern Hemisphere spring 2018
• First phase of drilling at Claudia completed – results pending
Cerro Vanguardia8.9 Moz Gold &~137 Moz Silver(approximate reserves and historic production)
10km
Claudia Project
2.5km
*Gold Equivalent = Gold + Silver / 60
LA CASTORA TREND
La Curva Project
US$ 1.25M spend, 3000m drilling, 100k option payment
US$ 1.75M spend, 3000m Drilling, 100k option payment
CURVA WEST
RIO SECO
CELINE
CURAHUE
MRZ Funded Interest 30%
MRZ Partner Funded Interest 25% PEA
US$ 7M Exploration Expenditures$1.25M option payments
4 years 4 years
51% 70%75%
FS
60%
+fund
Min
e D
ecis
ion
65%
MRZ Funded Interest 30%
MRZ Partner Funded Interest 25% PEA
US$ 10.5M Exploration Expenditures$1M option payments
51% 70% 75%
FS
60%
Min
eD
ecis
ion
65%
+fund
Claudia
Mirasol’s Project Equity
Mirasol’s Project Equity
“Yellow” hydrothermal breccia (qtz-jar-alu-bar-Au) high grade
Mirasol Project Chile: Gorbea – 23,000 ha in 9 projects, drilling only at Atlas and Titan → New JV Partner Project Evaluations In Progress
→ Previous JV Partner spend of CA$10 M on the properties and drilled 11,640 m
→ 650 x 200 x 125 m body of gold mineralization identified
→ 100% MRZ owned (no retained interest)
→ Confirmed presence of a large, deeply oxidized and strongly mineralized HSE gold system
→ Large-area Au target in the prospective belt → Under-explored opportunity
→ Comprehensive review of data and new partner search initiated
Phreatomagmatic breccia
2017 Drill hole
Porphyritic andesite / Lithic crystal dacitic tuff
L
V
Colluvium
Inferred geological contact
Hydrothermal breccia complex with vuggy silica (qtz-alu±cream silica)
2016 Drill hole
Figure Modified from: 13
Four drill intercepts outlined a 650 x 200 x 125 m body gold mineralization:
• CLATDH0015 – 114.1m @ 1.07g/t Au incl. 36m @ 2.49 g/t Au• CLATRD0007 – 40m @ 1.38g/t Au and 17.9g/t Ag incl. 28m @ 1.82g/t Au and 22.0g/t Ag• CLATRD0010 – 54m @ 0.35g/t Au and 5.5g/t Ag incl. 10m @ 1.02g/t Au and 6.2g/t Ag• CLATDH0016 – 45.8m @ 0.32 g/t Au
ASTER Alteration
Alunite
Chlorite
Epidote
Illite
Kaolinite
Pyrophyllite
MRZ GorbeaGold Belt Claims
MRZ GorbeaGold Belt HighLow
Ground MagneticsReduced-to-Pole (RTP) Grid
ATLAS
TITAN
EL DORADO
SIRIO
VENTURA
ORIONALTAMIRA
ALDEBARAN
10 km
DANAY
VV
V
L
L
L
L
L
V
V
V
V
V
V
V
LL
L
L
LL
3800
4200
71
93
20
0
71
93
00
0
V
L
?
L
V
V
V
71
92
80
0
CLATRD0007CLATRD0010
“Steam Heated Zone” Prospect
CLATDH0016NW
42m @ 0.15 g/t Au
45.8m @ 0.32 g/t Au
L
L
V
V
V
V
V
V
V
4000
?
V
V
CLATDH0015
SE
UntestedTarget
NW block up
114.1m @ 1.07 g/t AuIncluding 36m @ 2.49 g/t Au OPEN System
14
Mirasol Funded Exploration - Argentina
50 km
Gobernador
Gregores
Las Heras
Puerto
Deseado
Fitzroy
Perito
Moreno
San Julian
San JoseHochschild/McEwen Mining
Cerro NegroGoldcorp
MarthaHunt
Mining
Cerro VanguardiaAngloGold/Formicruz
COSEPan American
Claudia JVOceanaGold
Bajo
CaracolesVirginia
Sascha
Nico
La Curva JVOceanaGold
Joaquin Pan American
HomenajeDon NicolasCiminas
Espejo
Cerro MoroYamana Gold
Mirasol Exploration Argentina: Large Portfolio of High Grade Gold -Silver Projects
15
Santa Cruz
Province
Argentina
Chile
→ Mining Friendly province 7 >> 8 operating mines
→ Mirasol’s leading project portfolio in Santa Cruz
→ 13 Gold - Silver properties totalling + 400,000 ha• 2 JVs with strong partner - OceanaGold• 4 additional Drill Ready projects• Large Pipeline of early stage projects
• Mirasol Exploration focused on near mine high grade projects → infrastructure advantage
• Nico and Libanesa projects: Drill Test planned for southern hemisphere spring – summer FY2018-19
Libanesa
Manantial EspejoPan American Silver
TranquiloPatagonia Gold
Road
TownAu/Ag Mine/Resource
Ag Mine/Resource
Jurassic Volcanics
LEGEND
Under Joint VentureJV/Drill Ready Pipeline
MRZ PropertiesProcessing Plant
Trucking radius to operating mines
Projects with Drill targets
Gold Equivalent = Gold + (Silver / 60)
Aurora
Vittoria
EndeavourResolution
Martha resource at same scale → 700 m strike 20.8 million oz Ag
& and 26,729 oz Au 1
→Avg. Ag grade = 1087.6 g/t Ag→Avg. Au grade = 1.39 g/t Au
1500m
Nico Project73,200 ha Resolution
Prospect
Aurora and Vittoria
Prospects
Endeavour Prospect
5.0 to 103
2.5 to 5
2.0 to 2.5
Rock Chip Assays Gold Equivalent Au+(Ag/60)
1.0 to 2.0
0.5 to 1.0
0 to 0.5
Target area fordetailed exploration
ResT1
→ High grade intermediate sulfidationepithermal silver-gold district
→ Within trucking distance to nearby mines
→ 3 new prospects identified to date Aurora, Vittoria, Resolution
→ Initial drill test planed for Q4 2018
• Large, under explored land package: 78,000 ha
• 12 targets zones identified by high grade silver – gold vein-breccia rock chip assays
• Peak grades from rock chip sampling: up to 35 g/t Au; Up to 6,000 g/t Ag
Mirasol Drill Test: Nico Project, New District Scale Bonanza Grade Silver - Gold District
1 2002-2012 Martha production figures derived from Coeur D’Alene Annual Reports, 2002-2012.
17
→ 1.8 km long vein zone: Priority target high grade silver- gold mineralization
→ Bonanza grade silver – gold assays from systematic rock chip sampling of coliform banded veins over 1.2km long sections of main vein breccia
• Better assays from oxidised veins includes:
• 2,332.3 g/t Ag and 9.62 g/t Au (48.49 g/t AuEq60)
• 1,484.7 g/t Ag and 8.15 g/t Au (32.89 g/t AuEq60)
• 1,435.9 g/t Ag and 1.37 g/t Au (25.30 g/t AuEq60)
• Resolution assay to be reported / pending for parallel structures and Channel sampling
• Prospective down dip electrical IP electrical geophysical anomaly
Mirasol Drill Test: Nico Project, Resolution Prospect – Bonanza Grade Gold - Silver
Geology
Au/Ag Vein Trend
Interpreted Structure
Salt Pan/Alluvial
Soil Cover
Porphyritic Sub-volcanic Dacite
Basalt Capping Flows
Hydrothermal Alteration
Strike and DipMeasurement
↑ Post Mineral
5.0 to 103
2.5 to 52.0 to 2.51.0 to 2.00.5 to 1.0
Rock Chip Assays Gold Equivalent Au+(Ag/60)
0 to 0.5
x Samples pending
xResolution recon sampling (previously reported)
500 m
58o
56o
58o
60o
78o
61o
250 m
N
Salt Pan
Soil Cover
Sub-VolcanicDaciteSoil Cover
Sub-VolcanicDacite
458.9 g/t Ag,12.28 g/t Au,
19.9 g/t AuEqRock chip float
1,484.7 g/t Ag 8.15 g/t Au,
32.9 g/t AuEqRock chip float
1,435.9 g/t Ag,1.37 g/t Au,
25.3 g/t AuEqRock chip outcrop
2,332.3 g/t Ag9.62 g/t Au,
48.5 g/t AuEqRock chip float
1,275.5 g/t Ag,4.92 g/t Au,
26.2 g/t AuEqRock chip subcrop
2,954.5 g/t Ag0.08 g/t Au,
49.3 g/t AuEqRock chip subcrop
266.5 g/t Ag3.92 g/t Au,
8.4 g/t AuEqRock chip outcrop
602.1 g/t Ag,0.03 g/t Au,
10.1 g/t AuEqRock chip float
362.2 g/t Ag,2.20 g/t Au,
8.2 g/t AuEqRock chip outcrop
Resolution1.2km section ofMain Structure Zoom
Mirasol Drill Test : Nico Project, Resolution Prospect 1.4 km long IP Geophysical Anomaly
→ Geophysical survey outlined a 1.4 km long chargeability anomaly down dip of high grade vein zone
→Magnitude of 8 to +25 msecanomaly typically indicates sulphide
• Suggest potential for significant sulfide mineralization down dip of high grade vein-breccias
• Priority drill target planned for southern hemisphere spring 2018
18
Mirasol Drill Test: Nico Project, Aurora Silver – Gold Prospect Reconnaissance Rock chip Sampling
19
→ Aurora Prospect: priority targets for high grade gold - silver mineralization
→ 4 x 2 km area with multiple vein trends defined by high grade rock chip assays
• 1113 rock chip samples assays up to 35.09 g/t Au and 2,095.9 g/t Ag
• Assay results from initial infill rock chip sampling of once target (Ara 1) are pending
50 mBase – Quickbird Satellite Image
2.14 g/t Au – 18.3 g/t Ag
2.35 g/t Au – 6.4 g/t Ag
15.20 g/t Au – 7.8 g/t Ag7.54 g/t Au – 25.8 g/t Ag
8.63 g/t Au – 91.8 g/t Ag5.49 g/t Au – 24.5 g/t Ag
3.55 g/t Au – 1.4 g/t Ag
7.77 g/t Au – 57.4 g/t Ag4.99 g/t Au – 60.3 g/t Ag
1000 m
Inset map
Aurora Prospect
1 to 37.57
0.5 to 1
0.25 to 0.5
0.1 to 0.25
0 to 0.1
Rock chip assays (g/t) Au Equivalent (Au+Ag/60)
Vein Trend
Oxidized hydrothermal breccia assays to 8.63g/t Au, 91.8g/t Ag
7.20 g/t Au – 681.0 g/t Ag5.68 g/t Au – 593.0 g/t Ag5.30 g/t Au – 383.0 g/t Ag
Mirasol Drill Test: Libanesa Project, undrilled Gold - Silver - Lead Breccia Target
20
→ Priority drill target for Santa Cruz exploration plan – Maiden RC drill program planned for late 2018
→ High grade Gold-Silver- Lead breccia pipe and epithermal quartz vein targets
• Prospective radial dyke / breccia pipe setting
• Rock chip, MMI soils and AMT geophysics defined 4 prospect areas
• Rock chip assays – Silver up to 3,910 g/t and Gold up to 3.6 g/t
• Covered AMT geophysics anomalies suggest large sulphide target at depth beneath Cerro Plomo
Cerro Plomo
Radial Andesitic Dyke Swarm
0.13 g/t Au118.1 g/t Ag
2.55 g/t Au2,802 g/t Ag
3.6 g/t Au3,910 g/t Ag
0.07 g/t Au1,150 g/t Ag
2.23 g/t Au2,830 g/t Ag
0.61 g/t Au90.1 g/t Ag
250m
Mirasol Drill Test: Libanesa Project, Cerro Plomo Gold Silver Lead Breccia Target
Shallow conductive layer –base of oxidation or water table?
South West North East
Cerro Plomo concealed target Strong MT conductivity anomaly potentially sulfide mineralization
Cerro Plomo outcrop Breccia Target
21
Zona NE
CerroPlomo
Oculto
500m MT Depth Slice
of 2D Inversion Model
Clay PanClay Pan Clay Pan
Clay Pan
T-1 T-2 T-4 T-5
T-6
11m @ 1.21g/t Au, 13.5g/t Ag, Incl. 9m @ 1.31g/t Au, 16.0g/t Ag
6m @ 1.29g/t Au, 43.9g/t Ag
14m @ 0.66g/t Au, 32.1g/t Ag
15.5m @ 0.76g/t Au, 51.1g/t Ag
1.91g/t Au, 2050g/t Ag
2.21g/t Au, 61.4g/t Ag
4m @ 0.65g/t Au, 109.6g/t Ag, incl. 2m @ 0.95g/t Au, 208.9g/t Ag
T-32.55g/t Au, 2802g/t Ag
1.5g/t Au, 1071g/t Ag
→ Breccia outcrop remains open under cover of clay pan
→ Overlying a large AMT geophysical anomaly – sulfidetarget
• 50 x 60 m Breccia hill on edge of +500 m diameter clay pan
• Select rock chip sampling of breccia matrix with assays up to 2.55 g/t Au and 2,802 g/t Ag
• Trenching of covered edge of clay pan returned broad intervals
of anomalous Au - Ag – Pb mineralization – Open under cover
• Large AMT conductive anomaly – deeper sulfide target
In Summary
Mirasol Resources Looking Ahead: News Flow
23
• Pending: Exploration results from Nico Resolution channel and Aurora systematic rock chip sampling
• Pending: Exploration results from the Newcrest Zeus CA$0.8 M surface exploration program
• Pending: Exploration results from the Newcrest Altazor CA$1.5M surface exploration program
• Pending: Drill results from 2,200m OceanaGold Claudia drill program
• Pending: Results from Atlas – Titan analysis
• News flow from business development strategy for deals on JV ready projects
• News flow from aggressive southern hemisphere 2018 Spring and Summer JV and Mirasol funded drilling
→ Strong News flow – both pending results and anticipated from planned FY 2019 programs→ JV partner funded drilling and exploration → Mirasol funded exploration - accelerate drill testing of our prospective portfolio → Business Development initiatives
Mirasol Resources: Corporate Summary
24
Cap
ital
Str
uct
ure
Port
folio
Skill
s• Well-funded
• C$ 25M cash (June 30, 2018)
• Conservative capital structure • 53.7 M shares outstanding• 3.2 M Stock options outstanding• 2.2 M warrants outstanding (C$ 3.00, expiring June, 2020)
• Aligned interest with ~30% insider position
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www.mirasolresources.com
• Multiple Active JVs – strong partners, strong projects, strong deals
• Large portfolio of drill-ready projects
• Pipeline of early stage projects in Chilean / Argentine world-class mineral belts
• Leading-edge technology and discovery team
30%
25%
45%
InsidersInstitutional InvestorsHNW and Retail Investors
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