1 / 27

EXPLORING FOR OUR NEXT GOLD MINE FUNDING A TOP TIER Nb/Ta mine

EXPLORING FOR OUR NEXT GOLD MINE FUNDING A TOP TIER Nb/Ta mine. Cautionary Statement.

cricket
Télécharger la présentation

EXPLORING FOR OUR NEXT GOLD MINE FUNDING A TOP TIER Nb/Ta mine

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. EXPLORING FOR OUR NEXT GOLD MINE FUNDING A TOP TIER Nb/Ta mine

  2. Cautionary Statement This presentation contains certain “forward-looking statements”, including, but not limited to, the statements regarding the Company’s strategic plans, its anticipated benefits and the use of proceeds resulting thereof, in particular, future financial results, production targets and timetables, the evolution of mineral reserves and resources, mine operating costs, capital expenditures, work programs, development plans, exploration programs, objectives and budgets, the possible determination of additional reserves, and the Company's eventual success to execute its strategy to focus on building its portfolio of properties. Forward looking statements express, at this date, the Company’s plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of metals, mining industry risks, exploration risks, risks associated with foreign operations, environmental risks and hazards, uncertainty as to calculation of mineral reserves, requirement of additional financing or additional permits, authorizations or licenses, risks of delays in construction and production and other risks referred to in the Company’s Annual Information Form.

  3. MDN at a glance A Canadian exploration and development company based in Montreal, listed on the TSX under MDN Gold producer since 2005 in Tanzania (MDN 30%, Barrick 70%) 2009 cash flows from Tulawaka gold mine should be about C$10 million (MDN’s share) Working capital of C$25 million, profitable and no debt Actively exploring for gold in Tanzanian world-class district and in Quebec 621 sq km in Tanzania around several world class gold mines Technical exploration and management expertise in financing and building mines with partners

  4. Strong Financial Position - 2009 Results

  5. Recent Developments Over 728,910 oz of gold produced at Tulawaka gold mine since 2005; going toward 1 Million oz over next few years Drilling program ongoing in Tanzania since July and until the end of 2009 – preliminary results published on 100% owned Isambara and Ikungu high grade project is currently being drilled Acquired 28.75 % interest in Anita, a large niobium (Nb) and tantalum (Ta) resource in Quebec Right to acquire control interest of up to 75% over next 3 years Scoping study started in June 2009 and drilling campaign of 5,500m was initiated

  6. The Anita project Generate additional near term cash flows from Rare & Strategic Metals

  7. ANITAPROJECT Location of Niobium and Tantalum Resource

  8. A 25.75 million metric tonne resource Open pit operation currently under study for at least 18 years More exploration will be on the deposit’s southern and northern extensions to expand the resource Proposed annual targeted output of the mine is: 1.2 million kg of Niobium oxide (Nb2O5) at US$ 45 per kg 115,000 kg of Tantalum oxide / K-salt (Ta2O5/TaK2F7) at US$ 150 per kg Investment Highlights *Cut-off grade of 1,000 g/t Nb included as reported by SGS Geostat – April 6th 2009

  9. The Demand for Niobium & Tantalum The unique properties of these rare and strategic metals are very useful in superalloys (Nb) and tantalum condensers (Ta) Industrial applications include: Aerospace Aeronautics Steel manufacturing Nuclear plant processing Equipment manufacturing such as turbine blades, engines etc.

  10. The current shareholders 28.75% MDN Inc 37.5% IAMGOLD Inc 33.75% private investors The asset 100% of Nb-Ta deposit No Royalty Very good location in Québec, Canada Road, water, power, and labour access The funding: a total of $13.5 million over the next few years to develop the feasibility study of the resource and to give MDN rights to acquire up to 75% of equity in the project Corporate Profile of Anita

  11. We have the team in place to complete the feasibility of the project Feasibility and technical studies underway with a completion target of 2011 Roskill confirms advantages of the project and the high probability of success We have an off-take agreement with IAMGOLD, the 3rd largest producer of ferro-niobium in the world All of our niobium oxide production could be, if needed, purchased by IAMGOLD for the life of the mine, for the production of ferro-niobium Anita – The next Nb / Ta Producer

  12. MDNin Tanzania

  13. Tanzania is Africa’s 3rd largest gold producer hosting World-Class Gold Deposits • Tanzania produced more than one million ounces from Geita, Bulyanhulu & other minesin 2008 • In May 2009 Barrick started the Buzwagi Mine (3.3 million ounces reserves) Geita Mine >10 M oz Au Bulyanhulu Mine > 10 M oz Au Tulawaka Mine > 0.7M oz Au Buzwagi Mine 3.3 M oz Au reserves

  14. MDN controls 621 km2 area around the Tulawaka Gold Mine Geita Mine >10 M oz. Au Bulyanhulu > 10 M oz Au Tulawaka > 0.7M oz Au

  15. Tulawaka Longitudinal Map

  16. Focusing in Tulawaka Gold Mine districtAn area barely explored due to sand cover Geita Mine > 10 M oz Au Isambara Viyonza Buck Reef 1.8 M oz Au Isozibi Bulyanhulu mine >10 M oz Au Mnekezi Tulawaka Mine > 0.7 M oz Au Msasa 50 km Lake Victoria Geology Barth 1990 Bukoban Sediments & sand cover Gold Showings Volcanics Granites

  17. Exploring western extension of 2 volcanic belts hosting World-Class Gold Mines Geita Mine > 10 M oz Au Buck Reef 1.8 M oz Au Tulawaka Mine > 0.7M oz Au Bulyanhulu Mine >10 M oz Au Msasa Lake Victoria Geology Barth 1990 Airborne Calculated Resistivity (2004) Granite Volcanics Isambara Viyonza Isozibi Mnekezi High Resistivity Low Resistivity

  18. Isambara 5 km strike length gold soil anomaly70 km west of Geita Mine (>10 M ounces gold) • Exploration Program (2009-2010) • Drilling Phase 1 testing South zone • Soil Detail survey over Central & North Zone • Drilling phase 2 testing Central & North Zone • Drilling Phase 3 follow-up on best drill results North Zone Central Zone Soil Survey Percentile Contour Gold South Zone >70% > 90%

  19. Isambara - South zonePhase 1 drilling Section 1015 NW 300 m Drill section

  20. ISDD 33 ISSDD 32 1 200m 3.85 g/t Au / 1.0m 7.66 g/t Au / 1,0m 9,13 g/t Au / 1.0m 1 100m 8.35 g/t Au / 0.5m > 5.0 g/t Au 2.0 to 5.0 g/t Au 0.5 to 2.0 g/t Au 0.2 to 0.5/t Au 140 m 0.1 to 0.2/t Au ISDD-33: 153 m @ 0,31 g/t Au ISDD-32: 84 m @ 0,33 g/t Au Isambara - Drill section 1015 NW

  21. Robert et Al. 2007, Exploration 07 Robert et Al. 2007, Exploration 07 Isambara - Proposed Model

  22. IkunguSame geo environment as Kiabakari - Buhemba Au - Cu Musoma Ikungu Kiabakari Buhemba Au-Cu Mwanza 100 km

  23. Ikungu Drilling Program (Q3/Q4 2009 - 2010) • High grade gold values confirmed by MDN • Extensions of high grade indicated by gold soil anomalies • 2 parallel gold reefs HW & FW at contact of volcanic and sediments 35.9 g/t Au 1 km Drill Phase 1 Testing high grade extensions of 2 Reefs Drill Phase 2 Testing other soil anomalies along NW Structure Soil Detail of SW structure Drill Phase 3 Drill Follow-up on best zones NW Structure FW HW FW HW 70.1 g/t Au 56.8 g/t Au 12.0 g/t Au Grab Sample Location Proposed Drill Holes Background Map 1st derivative Airborne Mag

  24. Exploration Program in Tanzania$1.5 to 3 million in Q3/Q4 2009 Isambara: A 5 km anomaly on extension of the same volcanic belt as Geita (>10 million oz Au) Phase 1 drilling of 2,500 m started in July to confirm grade and thickness of South zone Soil sampling program extensions on Central and North zones News flow from drilling results to be released by December 2009 Ikungu: Quartz veins with sulphides Phase I drilling following up on high grade values obtained from grab samples (35 to 70 g/t Au)

  25. Msasa: 2nd largest gold soil anomaly in a 50 km radius around Tulawaka mine 1.5 km strike length Project preparation to advance to Phase I drilling in 2010 Viyonza: Part of the volcanic belt hosting Bulyanhulu (>10 million oz Au) 600 m strike length area where drill results have intervals with > 10g/t Au Project preparation to advance to Phase I drilling in 2010 Exploration Program in Tanzania$1.5 to 3 million in Q3/Q4 2009 (cont’d)

  26. Key Facts *As of September 30, 2009

  27. Question Period Contacts Paul-A. Girard, President & CEO pagirard@mdn-mines.com Marc Boisvert, VP Exploration mboisvert@mdn-mines.com Nicole Blanchard, Investor relations 450.973.6600 nicole.blanchard@isuncomm.com Suite 680 – Place du Canada 1010 de la Gauchetière West Montreal, Quebec (514) 866-6500 www.mdn-mines.com

More Related