advanced gold acquisitions in ecuador · 2020-06-18 · •partnering with green oil (one of...
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Investor Presentation | June 2020
Advanced Gold Acquisitions in Ecuador
DisclaimerThis presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or
developments that Western Pacific Resources Corp. (the "Company“) expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will",
"would", "may", "could" or "should" occur.
This presentation has been prepared by Western Pacific Resources Corp. using its best efforts to realistically and factually present the information contained. However, subjective opinion, dependence
upon factors outside Western Pacific Resources control and outside information sources unavoidably dictate that Western Pacific Resources cannot warrant the information contained to be exhaustive,
complete or sufficient. In addition, many factors can affect the Presentation which could significantly alter the results intended by Western Pacific Resources, rendering the Presentation unattainable or
substantially altered. Therefore, interested Users should conduct their own assessment and consult with their own professional advisors prior to making any investment decisions.
This Presentation does not constitute a prospectus or public offering for financing, and no guarantees are made or implied with regard to Western Pacific Resources proposed ventures. There is no
guarantee that valuable minerals can be produced profitably from our projects, or at all. The Presentation is being disclosed to User for User’s discussion, review, and/or evaluation only. User agrees to
hold the Presentation, and all related information and discussions, in strict confidence, except that User may disclose the Presentation to a limited number of advisors and employees of the User to the
extent necessary for User to adequately evaluate the Presentation. User warrants that any such persons shall be advised of the confidential nature of the Presentation before gaining access to the same
and that no such advisor or employee shall use or disclose the Presentation except as permitted by this Agreement. Historical Geological Information: Any geological information and results presented
which were not conducted by Western Pacific Resources are believed to be accurate but have not been verified.
Projections: The presentation’s financial and other projections have been prepared using assumptions and hypotheses created by Western Pacific Resources management based on information provided
to them and through due diligence. The assumptions used in the preparation of the projection reflect management’s intended course of action for the projection period based upon management’s
judgement as to the most probable set of economic conditions if the assumptions they consider most likely are realized. The assumptions may not necessarily be the most probable and are based upon
information existing as at the date of this presentation.
The assumptions are those that management believes are significant to the projection. Some assumptions may not materialize, and unanticipated events and circumstances may occur subsequent to
the date of this projection; therefore, the actual results achieved during the projection period may vary materially from the projections. This projection is based on our assumptions and there is a major
risk that actual results will vary, perhaps materially, from the results projected. Qualified Person: The person with overall responsibility for approving Western Pacific Resources mining technical
disclosure is John E. Bolanos, Certified Professional Geologist, and independent qualified person under NI 43-101 regulations.
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Why Ecuador?
• Underexplored compared to neighbors Peru and Colombia
• Dedicated and proactive Vice-Mining Ministry recently formed
• Centralized mineral concession registry within the Agency of
Control and Mining Regulations (ARCOM)
• Constitutional protection for foreign investment
• Government recognizes mining as key industry and driver
• Known permitting and community relations practices
• Excellent transportation and power infrastructure
• Low fuel costs due to local oil production
• USD used as local currency. No currency restrictions
• Qualified mining workforce available
• Majors moving into Ecuador via JV’s and purchases
• Three commercial mines now in production including Fruta Del
Norte (Au), Celica (Au) and Mirador (Cu)
Ecuador was named mining country of the
year for 2017* and has also steadily climbed
Fraser Institute Rankings
*Source: https://business.inquirer.net/237958/ecuador-mining-award-business-environment03
• Partnering with Green Oil (one of Ecuador’s largest mining
contractors) to unlock value in their portfolio
• Green Oil started up and operated Ecuador’s first
commercial open pit gold mine in 2016
• Green Oil has access to some of the country’s best
exploration and production opportunities including
concessions directly bid for by majors during last mineral
concession bid round
Premier local partners
• Our initial exploration asset Julian is directly adjacent to “El
Mozo” high sulphidation epithermal Au project
• The mineralized trend from El Mozo runs SW directly onto the Julian
concession which has not been explored in detail and drilled yet.
• El Mozo counts with historical exploration works by Newmont and
Iamgold in the 1990’s and a historic in house (MINECA, 2011) non-
43-101 compliant 382,190 oz Au resource at 1.24 g/t Au based on
drilling on 3 out of 8 known mineralized zones
Initial asset adjacent to known gold deposit
• The Company, in conjunction with Green Oil is in negotiations to
acquire producing precious metal assets
• 92% of Ecuador’s mineral production is from artisanal and non-
commercial mines
• Ecuador currently only has 3 commercial mines in production.
Green Oil has operated 4 gold mines since 2010
• Use of proceeds from initial fund raise will include DD and 43-
101 reports on acquisition opportunities
Opportunity to acquire production assets
• Premier local operator teaming up with experienced capital
markets team in a tight investment vehicle
• 19.9M shares out post-financing and post vend-in
• Green Oil S.A. will be largest shareholder of Western Pacific
Resources
Experienced team
TheOpportunity
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Luis Zapata
CEO
• Resources finance executive with 14 years of
experience financing Latin American mining
projects
• Launched Canaccord Genuity’s Latin America
Institutional Equities business unit in 2010
• Former Partner & Head of Capital Markets at
Seminario SAB, Peru’s largest independent
brokerage firm
• Deep ties to Ecuadorian mining industry
having financed Ecuadorian mining companies
since 2017
Jeff Dare
Director
• Over 12 years of experience acting as an
executive officer and director for TSX-V and
CSE listed issuers
• Currently serving as the Corporate Secretary
for several companies, including Great Bear
Resources, ValOre Metals Corp., Fireweed
Zinc, K2 Gold Corporation, Riverside
Resources Inc. Kodiak Copper Corp. and
Palladium One Mining Inc.
Darryl Cardey
Director
• Principal of CDM Capital Partners, a boutique
natural resources investment banking advisory
firm
• Co-founder of Northern Empire Resources
(acquired by Coeur Mining Inc in 2018) and
Underworld Resources (acquired by Kinross
Gold in 2009)
• Director and Founder of Otterburn Resources
Inc. (predecessor company to K92 Mining Inc)
• Currently sits on the board of Eclipse Gold
Mining Corporation
Eddy Yu
CFO
• Chartered Professional Accountant with over
20 years of financial management experience.
• Prior to joining Western Pacific Resources, Mr.
Yu has been providing executive management
and financial reporting services to publicly-
traded companies listed on the TSX Venture
Exchange.
Luis Miguel Espinosa
Director
• Administrator with over 15 years of
experience in the natural resources
industry in Ecuador
• President of Green Oil S.A., one of
Ecuador's largest mining contractors since
2015
• General Manager of Hidrotolumbi S.A. an
Ecuadorian hydroelectric company
• Based in Quito, Ecuador
TheTeam
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Green Oil has operated or consulted on 4 non-commercial gold
and copper mines in Ecuador. Some of these will become
acquisition targets for Western Pacific
• Family owned firm with deep roots in the Ecuadorian resources industry
• Started up and operated the first commercial open pit gold mine in
Ecuador since 2016
• Green Oil has an in-house integrated management system (IMS)
including mining engineers, geologists & environmental engineers
• ISO 9001:9008 certified
• Through our partnership with Green Oil, Western Pacific will have access
to at-cost geological services throughout Ecuador
Our Partner
Green Oil is one of Ecuador’s largest mining
contractors with over 18 years' experience
Green Oil clients:
Green Oil S.A.
2018 Green Oil operations at Dynasty Goldfield; Ecuador’s first commercial
open pit old mine. Source: Green Oil S.A.
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Path toProduction
Growth through acquisitions to become an
Ecuadorian Gold Producer
PHASE 1Finalize Green Oil transaction
TSX-V approval, target June 2020
PHASE 2Due diligence on further assets
Mine site visits, technical reports underway
PHASE 3Add team members to complement existing
Green Oil team
PHASE 4Announce M&A
Target Q3 2020
PHASE 5Drill Julian Epithermal Target
Permitting in progress
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Capital Structure
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InvestmentHighlights
Initial exploration asset, “Julian”, is adjacent
to a known gold deposit, work program now
underway
Experienced capital markets team, alongside
premier local operator in a tight investment
vehicle
19.9M shares out post-financing and post
vend-in
Partnering with Green Oil (one of Ecuador’s
largest mining contractors) to unlock value
in their portfolio of opportunities
Green Oil started up and operated Ecuador’s
first commercial open pit gold mine
Western Pacific Resources, in conjunction
with Green Oil, is in advanced negotiations to
acquire producing precious metal assets
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Launch Concession
• El Mozo counts with historical exploration work completed by Newmont and
Iamgold in the 1990’s and an in-house (MINECA, 2011) non-43-101 compliant
382,192 oz Au resource based on drilling in 3 out of 8 known mineralized zones
• The known El Mozo mineralized trend runs directly from El Mozo South-West
onto Julian but has not been drill tested
• Julian is located on the same Miocene-Pilocene volcanic host rocks Piyasambo
Formation as the “El Mozo” project and it also is located to the south-west
projection of the “Collay-Shincata” mineralized belt (epithermal mineral
occurrences).
• Ease of access with paved highway to within 30 mins of Julian
• Green Oil S.A. has already begun drill permitting and development of social
license
• Mapping
• Geophysics
• Rock and sediment sampling
• Compilation and prioritization of 2020 drill targets plan
Our initial 100% owned asset The Julian concession covers
2,312 Ha and surrounds The El Mozo high sulfidation
epithermal gold project
Julian Gold Project
Initial Work Program Completed Q1 2020
Julian Geological Setting. Source: GEOSEMS S.A S.A Julian Report, 2018
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Julian Gold ProjectGeological Setting
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Extracted from DRAFT Independent Technical Report on The Julian Concession, Ecuador NI 43- 101 Technical
Report; Prepared for Western Pacific Resources Ltd By Dr Christopher Charles Wilson, FAusIMM (CP), FSEG,
Exploration Alliance S. A. March 31st, 2020
Extracted from DRAFT Independent Technical Report on The Julian Concession, Ecuador NI 43-
101 Technical Report; Prepared for Western Pacific Resources Ltd By Dr Christopher Charles
Wilson, FAusIMM (CP), FSEG, Exploration Alliance S. A. March 31st 2020
Julian Gold ProjectThe Julian Project shows continuity of geology, major structures
and alteration from the El Mozo project property.
The exploration potential at Julian is focused on a high
sulfidation epithermal gold bearing mineralization discovery
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Contact Us
LUIS ZAPATA
Canada: +1 236 858 9593Peru: +51 947 384 069
www.westernpacificresources.com
TSX-V: WRP