discovery driven - mindoro · discovery driven strategy for 2006discovery driven strategy for ......

of 48

E AF < G JGRESOURCES LTD.


DISCO VERY DRIVEN

… in the vast, untapped mineral wealth of the Philippines

DISCO VERY DRIVEN

… in the vast, untapped mineral wealth of the Philippines

Slide 1 of 48

300 miles

North

America

SouthAmerica

PHILIPPINES

Japan

Korea

India

THE PHILIPPINES• prolifically mineralized

volcanic arcs: copper, gold, nickel

• proximity to markets & huge metals demand: China, Japan, Korea

THE PHILIPPINES• prolifically mineralized

volcanic arcs: copper, gold, nickel

• proximity to markets & huge metals demand: China, Japan, Korea

Mindoro Projects

Manila

Philippines in the Pacific Ring of FirePhilippines in the Pacific Ring of Fire

China

Slide 2 of 48

of 48


E AF < G JGRESOURCES LTD.One of the world’s most highly gold-

copper mineralized countriesTremendous untapped potential–– Four world class discoveries in past Four world class discoveries in past

decade, two occurring in past 5 years decade, two occurring in past 5 years

Favourable political regulatory climate–– ProPro--mining and exploration policiesmining and exploration policies–– Landmark Supreme Court decision Landmark Supreme Court decision

allowing 100% foreign ownershipallowing 100% foreign ownership• Recipient of The Mining Journal’s

Country Award for most improved investor climate in 2005

Major Deposit

The PhilippinesThe Philippines

Mindoro Project

of 48


E AF < G JGRESOURCES LTD.On the ground experience since 1997

Amassed significant land position–– 50,000 hectares in three well50,000 hectares in three well--mineralized mineralized

porphyry copperporphyry copper--gold beltsgold belts•• 22 porphyry copper22 porphyry copper--gold prospects = gold prospects =

22 shots at a $5 22 shots at a $5 -- $10 $10 billionbillion ore body!ore body!•• 5 epithermal gold prospects5 epithermal gold prospects•• 1 nickel 1 nickel lateritelaterite prospectprospect

Exploration and drilling funding includes:–– Panoro Minerals funding Surigao District Panoro Minerals funding Surigao District

exploration & drillingexploration & drilling–– BHP Billiton funding nickel BHP Billiton funding nickel lateritelaterite drillingdrilling

Mindoro Advantage in the Philippines Mindoro Advantage in the Philippines

Major Deposit

Mindoro Project

Batangas

Panay

Surigao

of 48



Discovery Driven Strategy for 2006Discovery Driven Strategy for 2006

Major Deposit

Mindoro Project

Batangas

Panay

Surigao

Drill test 6 highest priority porphyry copper-gold targets

Identify 2 -3 new porphyry discoveries:–– significant increase in value significant increase in value

of shares and propertiesof shares and properties

–– identify potential senior mining identify potential senior mining company to take project into productioncompany to take project into production

Evaluate economic potential of nickel laterite–– if viable, negotiate with BHP if viable, negotiate with BHP

to take to productionto take to production

Only Mindoro has 22 porphyry copper

gold targets!Seven targets to be drill tested in 2006

Only Mindoro has 22 porphyry copper

gold targets!Seven targets to be drill tested in 2006

RESOURCES LTD.

of 48



Philippines Copper-Gold SystemPhilippines Copper-Gold System

++ +

+ ++

+ +

A few100 m

++

Alteration Zoning

Epithermal Epithermal gold - silver depositsgold - silver deposits* smaller tonnage* smaller tonnage* higher grade* higher grade

Porphyry Porphyry copper - gold depositscopper - gold deposits* large tonnage* large tonnage* lower grade* lower grade* bulk mineable* bulk mineable* often as clusters* often as clusters

Example: Mindoro’s SW Breccia

Example:Mindoro’s Kay Tanda

Example:Anglo-Philex’s

Boyongan219 M.t. @

0.5% copper,0.7 g/t gold

V o l c a n i c A r cV o l c a n i c A r c

RESOURCES LTD.

Average Philippine porphyry: – 380 million tonnes– Copper grade: 0.48% – Gold grade: 0.40 g/t

At prevailing metal prices = in-situ value of

US$11billion

Average Philippine porphyry: –– 380 million 380 million tonnestonnes–– Copper grade: 0.48% Copper grade: 0.48% –– Gold grade: 0.40 Gold grade: 0.40 g/tg/t

At prevailing metal prices = in-situ value of

US$11billionUS$11billion

of 48



Geophysics and Porphyry DepositsGeophysics and Porphyry Deposits

Induced polarization (IP) used to define porphyry copper-gold deposits–– Defines iron and copper Defines iron and copper sulphidessulphides–– Porphyry deposits Porphyry deposits

consist of iron and consist of iron and copper copper sulphidessulphides

of 48



DIPOLE – DIPOLEINDUCED POLARIZATION

SURVEYSurvey and Presentation by:

McPHAR GEOSERVICES (PHILIPPINES), INC. 500 m

0

300 m

Induced Polarization Chargeability ModelInduced Polarization Chargeability Model

Looking for “hot” spots = areas of high “chargeability”

(IP results from Calumpang)

of 48



SURIGAO PROJECTS:Tapian San FranciscoTapian MainAgataMat-I

SURIGAO PROJECTS:Tapian San FranciscoTapian MainAgataMat-I

A

A

A

MINDANAOAA

A

A

AAA

AA

AAA

A

A

A

A

PANAY

AA

!

Manila

LUZON

Pan de AzucarPan de Azucar

Bayugo Bayugo BoyonganBoyongan

TampakanTampakan

VictoriaVictoria

MasaraMasara

SianaSiana

HijoHijoAmacanAmacan

KingkingKingking

SabenaSabenaDiwalwalDiwalwal

BagacayBagacay

Rapu RapuRapu Rapu

Paracale Paracale

DidipioDidipio

CanatuanCanatuan

SibutadSibutad

AroroyAroroy

SipalaySipalay

TapianTapian

PlacerPlacer

San AntonioSan Antonio

United ParagonUnited Paragon

HinobaanHinobaan

BasayBasay

AtlasAtlas

BulawanBulawan

MarianMarian

AntamokAntamok

DizonDizon

LepantoLepantoFar SoutheastFar Southeast

AcupanAcupanSanto Tomas IISanto Tomas II

BATANGAS PROJECTS:

LoboArchangel

BATANGAS PROJECTS:

LoboArchangel

(within last decade)(within last decade)

Major DepositMajor Deposit

Recent Major DiscoveryRecent Major Discovery

AA

AA

Mindoro ProjectMindoro Project

A look at:A look at:

AAAA

AA

AAAA AA

AA

AAAA

AA

AA

AA

AA

AA

AAAA

AA

AA

AAAAAA

AAAA

AAAAAA

AA

AA

AA

AA

AAAA

AA

AA

AA

AA

Mindoro Projects in the PhilippinesMindoro Projects in the Philippines

of 48



10 Oct. ‘05

unsurveyed

unsurveyed

unsurveyed

unsurveyed

O c e a n0 5km

N

Lobo

Taysan

Epithermal vein –breccia trends / prospects(gold – silver - copper)

MindoroExploration Permit Applications

Copper – goldprospects / old mines.To be evaluated

Porphyry copper –gold prospects

Phelps Dodge

MindoroMineral ProductionSharing Agreement

To Manila

Manila

Luzon

Mindanao

Balibago

Lumbangan

Marita - Agas

Kalabasa-Bootin

Calumpang Palacpac

SW Breccia Gold (epithermal)

Phelps Dodge’s Taysan porphyry

copper-gold deposit

Pica Porphyry Copper Gold Discovery

Kay Tanda (porphyry & epithermal)

BATANGAS PROJECTS - 24,000 ha- 10 porphyry copper-gold prospects

Calo

El Paso

of 48



O c e a n0 5km

N

10 Oct. ‘05

Manila

Luzon

Mindanao

BATANGAS PROJECTS - focus on 4 high-priority targets





Phelps Dodge


unsurveyed

unsurveyed

unsurveyed

unsurveyed

Lobo

Taysan

To Manila


copper-gold deposit


• 213 m @ 0.18% cu & 0.3 g/t au • Pica hole 3 currently in progress


El Paso (porphyry)• trenches gave wide

intervals of plus 1% cu

Calo (porphyry)• intense IP anomaly• porphyry related alteration

of 48



Far NE

West Drift

Balisong

Lobo Mine

Camo

Nagtoctoc

Mineralized and altered volcanics

High chargeability at 250m depth

Mineralization shoot

Epithermal vein breccia trend

Limestone

Drill hole

Geophysical Anomalies

Jasperoid / silica breccia float

Road

High resistivity at 100m depth

Alluvium

?

Camo Trend

Sampson Trend

Underapplication

Underapplication

1km0

%??

Lobo Project: Pica Porphyry DiscoveryLobo Project: Pica Porphyry Discovery

SW Breccia Mineral Resource• Indicated: 270,000 t @ 6.40 g/t gold = 56,380 oz• Inferred: 60,000 t @ 5.35 g/t gold = 10,540 ozs• Open to south west and depth

SW Breccia Mineral Resource• Indicated: 270,000 t @ 6.40 g/t gold = 56,380 oz• Inferred: 60,000 t @ 5.35 g/t gold = 10,540 ozs• Open to south west and depth

Slide 14 of 48

???

?

?

?

?

?

?

Pica Porphyry Copper-Gold DiscoveryPica Porphyry Copper-Gold Discovery

Drill hole 1Drill hole 2

of 48



8000E 9000E

∧

∧

MAGNETIC HIGH

0

100m

100m

∧

∧∧

∧

++

∧

∧

∧∧

∧

∧∧

∧

∧∧

∧

∧

∧∧

+

+

+

+××

×

+

+ +

+

+

+

0m

100mASL

∧

×

(Looking NE)

CHARGEABILITY ANOMALY AT 250M DEPTH

PC-02PC-01

+

123.7 m123.7 m123.7 m123.7 m123.7 m123.7 m123.7 m123.7 m123.7 m

Biotite - k-felds -chlorite- magnetite (potassic)

ALTERATION

∧ ∧

×

∧

×

×

HIGH RESISTIVITY

∧

∧

∧

∧∧

+

LITHOLOGY

× ×

Quartz diorite porphyry (intrusive)

High sulphidation epithermal vein

Alluvium

∧

∧

∧

213m @0.18% Cu0.30 g/t Au1.19 g/t Ag∧

∧

∧

∧

∧

∧

∧

∧ ∧

∧ ∧∧

∧

Advanced argillic

Porphyritic andesite (volcanics)

Propylitic

Phyllic

K-felds - biotite (potassic)

++

+

+

+

+

+

+

+

+

++

+

Diorite porphyry (dike)

+ +

⎨ ⎨

7000E

-400m

-300m

-500m

-600m

-100m

-200m

A A’

Lobo Project, Pica Geologic Section, A – A’Lobo Project, Pica Geologic Section, A – A’

PC-03

• Current objective: to locate higher grade zones of the porphyry system

• Hole 3 currently underway

of 48


E AF < G JGRESOURCES LTD.Drill

Rig at Pica

of 48



unsurveyed

unsurveyed

unsurveyed

unsurveyed

O c e a n

BATANGAS PROJECTS

0 5km

N

10 Oct. ‘05

Lobo

Taysan





Phelps Dodge


To Manila

Manila

Luzon

Mindanao


copper-gold deposit







of 48



Philippines Copper-Gold SystemPhilippines Copper-Gold System

++ +

+ ++

+ +++

Example:Mindoro’s Kay Tanda

V o l c a n i c A r cV o l c a n i c A r c

Most of Mindoro’s projects exhibit characteristics of a classic porphyry copper-gold system overlain with epithermal gold deposits:

++ +

+ +

+

++

++

Indications the underlying

porphyry may be telescoped into the upper

epithermal layer

of 48



Archangel: Kay Tanda Gold-Silver ZoneArchangel: Kay Tanda Gold-Silver Zone

Ocean

]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]

Lumbangan

A

5m @1.71 g/t Au56.0 g/t Ag

11m @1.5 % Cu5.2 g/t Ag1.64 % Zn(Related to porphyry copper)

North Lumbangan

9.92 g/t Au4.0 g/t Ag1 % Pb

]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]] 4m @0.62 g/t Au99.7 g/t Ag

[

Intense quartz veining / stockworking

Altered volcanics

Moderate quartz veining / stockworking

Trench

Younger cover rocks

200 metres

Creek

. Drill holes

A Old mine working

0

Outcrop grab sample

Underlying porphyry copper-goldsystem not shown

]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]]

14m @0.65 g/t Au153.2 g/t Ag

1.1 g/t Au3.4 g/t Ag

.

.

. ..

..

.

.

.

.

7.12 g/t Au4.1 g/t Ag

Kay Tanda370,000 ozinferred goldresource (open)

Pulang Lupa

A

5m @0.65 g/t Au1.0 g/t Ag

5m @0.50 g/t Au7.4 g/t Ag

]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]]

51m @1.24 g/t Au25.5 g/t Ag

]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]

23m @1.86 g/t Au11.7 g/t Ag

8m @4.28 g/t Au4.0 g/t Ag

]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]

9m @3.50 g/t Au2.6 g/t Ag

30m @0.15 g/t Au0.9 g/t Ag

.

.

..

.

INDEX MAPEpithermal gold-silver

18m @2.67 g/t Au49.2 g/t Ag

Kay Tanda

1 km0

Porphyry copper-goldsystem In-fill drilling to start

early April to verify exploration target of 500,000 oz gold

of 48



Archangel Project: Kay Tanda Gold ProspectArchangel Project: Kay Tanda Gold Prospect

Historical drilling in 1980’s intersected low grade gold mineralization with some high grade intercepts

Oxide zone leached extremely well in metallurgical tests

Additional metallurgical testing required on non-oxide layer

In-fill drilling planned for early April ’06 to verify initial exploration target of 500,000 oz gold

Gold system open in three directions

of 48



Archangel: Kay Tanda Gold-Silver ZoneArchangel: Kay Tanda Gold-Silver Zone

Ocean

]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]

Lumbangan

A

5m @1.71 g/t Au56.0 g/t Ag

11m @1.5 % Cu5.2 g/t Ag1.64 % Zn(Related to porphyry copper)

North Lumbangan

9.92 g/t Au4.0 g/t Ag1 % Pb

]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]] 4m @0.62 g/t Au99.7 g/t Ag

]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]]

14m @0.65 g/t Au153.2 g/t Ag

1.1 g/t Au3.4 g/t Ag

.

.

. ..

..

.

.

.

.

7.12 g/t Au4.1 g/t Ag

Kay Tanda370,000 ozinferred goldresource (open)

Pulang Lupa

A

5m @0.65 g/t Au1.0 g/t Ag

5m @0.50 g/t Au7.4 g/t Ag

]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]]

51m @1.24 g/t Au25.5 g/t Ag

]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]

23m @1.86 g/t Au11.7 g/t Ag

8m @4.28 g/t Au4.0 g/t Ag

]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]

9m @3.50 g/t Au2.6 g/t Ag

30m @0.15 g/t Au0.9 g/t Ag

.

.

..

.

INDEX MAPEpithermal gold-silver

18m @2.67 g/t Au49.2 g/t Ag

Kay Tanda

1 km0

Porphyry copper-goldsystem

High grade gold from trenches

Plus porphyrymineralization in float boulder and trench

of 48




SURVEY

CHARGEABILITYPLAN (N=4)

Survey and Presentation by:McPHAR GEOSERVICES

(PHILIPPINES), INC.


SURVEY

CHARGEABILITYPLAN (N=4)

Survey and Presentation by:McPHAR GEOSERVICES

(PHILIPPINES), INC.

1km1km00

%%

Archangel Project, IP Survey

Archangel Project, IP Survey

Kay Tanda

of 48



O c e a n

Extensively altered volcanics intrudedby diorite anddacite intrusives

Epithermal gold-silver zones(higher topoelevations)High sulphidationCu mineralization

Limestone

Younger cover rocks

Highchargeability

GeophysicalAnomalies

Highresistivity

Old mine workingRoad

1km0

%

Low sulphidationCu mineralization

HS

LS

Archangel CompilationArchangel Compilation

Slide 23 of 48

Ahit

Extensive copper-gold systemof over six kilometers

9.92 g/t gold from boulder on Marita Prospect

Kay TandaEpithermal gold zone

Marita

Bootin

Balibago

Pulang Lupa

Lumbangan

HS

HSHS

HS

LS

LS

LS

LS

LS

LS

LS

of 48



Archangel – Longitudinal Section InterpretationArchangel – Longitudinal Section Interpretation

Vertical scale 2x horizontal

F

6 Kilometres

NECu SOIL ANOMALIES

A'

CuCu

Cu

SW

Cu SOIL ANOMALIES

A

0m

Cu250m

500m ASL

CuCu

Potassic alteration(mineralized core)

High grade "feeder" veins

CuCopper showing

Propylitic alteration

Phyllic alteration

Epithermal gold-silver

Porphyry Copper-Gold

Argillic alteration

Drilling Kay Tanda goldZone and testing under-lying porphyry copper-gold system to start April’06

of 48



ArchangelArchangel

Gold deposits at higher elevationsGold deposits at higher elevations

Copper showings at lower elevationsCopper showings at lower elevations

of 48



unsurveyed

unsurveyed

unsurveyed

unsurveyed

O c e a n

BATANGAS PROJECTS

0 5km

N

10 Oct. ‘05

Lobo

Taysan





Phelps Dodge


To Manila

Manila

Luzon

Mindanao


copper-gold deposit

Pica Porphyry Copper Gold Discovery• 213 m @ 0.18% cu & 0.3 g/t au • Pica hole 3 currently in progress

El Paso (porphyry)• Favourable structural setting,

similar to Phelps Dodge’s Taysan porphyry deposit

• Soil & geophysical anomalies defined over 3 km x 1.2 km to date

• Trenching samples over wide intervals contained more than 1% copper



of 48



El Paso Trench ResultsEl Paso Trench Results

Average Philippine porphyry –– 0.48% copper0.48% copper–– 0.40 0.40 g/tg/t goldgold

Exploration permit in final stages of approval

Drilling planned for summer 2006

LENGTH (m)

COPPER(%)

GOLD(g/t)

SILVER(g/t)

20 1.65 <0.01 1.5010 0.07 <0.01 <0.5010 5.69 1.02 24.0510 0.21 0.10 1.0520 1.30 0.10 8.405 0.70 0.12 6.105 0.83 0.34 1.80

25 1.20 0.12 17.243 0.12 0.04 <0.504 1.08 0.71 4.20

20 0.87 0.31 3.4330 1.00 0.14 3.7020 0.42 <0.01 1.00

of 48



unsurveyed

unsurveyed

unsurveyed

unsurveyed

O c e a n

BATANGAS PROJECTS

0 5km

N

10 Oct. ‘05

Lobo

Taysan





Phelps Dodge


To Manila

Manila

Luzon

Mindanao


copper-gold deposit







of 48



1 km0

CALOCOMPILATION

To Manila

To Lobo

N

Altered and mineralized intrusive stocks

High chargeability(>30 msec)

Geophysical Anomaly

Altered volcanics

Younger cover rocks

Road

High sulphidationepithermal veinsCopper mineralizationGrab rock sample

Cross section lineA A’

Tenement Boundary

o p e n

o p e n

o p

e n

0.011 % Cu0.304 g/t Au

1.36 % Cu

3.8 % Cu0.23 g/t Au56 g/t Ag

0.35 % Cu0.06 g/t Au12.2 g/t Ag

0.14 % Cu3.0 g/t Au

A

A’

unsurveyed

unsurveyed

1.7 % Cu1.42 g/t Au

of 48



POLE-DIPOLE INDUCED POLARIZATION SURVEY

APPARENT CHARGEABILITYLine 9800N

CALO PROJECT

A A’

Survey and presentation by:ELLIOTT GEOPHYSICS

INTERNATIONAL PTY. LTD.

Survey Details:Transmitter : Zonge GGT-10Receiver : Zonge GDP-16Generator : 7.5 KVAFrequency : 0.125 HzDipole Size : 150 m

0 500m

50454035302520151050

of 48



(within last decade)

Major Deposit

Recent Major Discovery

AA

AA

Mindoro Project

Batangas SummaryBatangas Summary

A

A

A

MINDANAOAA

A

A

AAA

AA

AAA

A

A

A

A

PANAY

AA

!

Manila

LUZON

AA

A

AA A

A

AA

A

A

A

A

A

AA

A

A

AAA

AA

AAA

A

A

A

A

AA

A

A

A

A

BATANGASdrilling underway on Pica porphyry discovery

drilling Kay Tanda epithermal and porphyry targets scheduled for 1st Q 2006

multiple porphyry copper-gold targets emerging at El Paso; drilling upon receipt of EP

drilling Calo summer 2006

of 48




Major Deposit


AA

AA

Mindoro Project

Discovery Driven Exploration StrategyDiscovery Driven Exploration Strategy

A

A

A

MINDANAOAA

A

A

AAA

AA

AAA

A

A

A

A

PANAY

AA

!

Manila

LUZON

AA

A

AA A

A

AA

A

A

A

A

A

AA

A

A

AAA

AA

AAA

A

A

A

A

AA

A

A

A

A

SURIGAOMindoro: 75% interest; Philippine partner: 25%

Canadian Panoro Minerals earning 40% by spending CDN $2 million

BATANGAS

of 48



Philippine Sea

LakeMainit

Butuan Bay

Bayugo

Madja

Mayag

Masgad

Taganito

Queensland Nickel(BHP Billiton)

Hinatuan

Asiga

0 5km

N Road

A

Recent porphyrycopper-gold discovery

Porphyry copper-goldprospectsGold or gold-copper minedeposit / significant prospect

Gold or gold-copper prospect

Faults

Nickel laterite mine /development project

Mindoro Project

Anglo - Philex

Anglo Ashanti -Red 5

Climax

Other Companies

Transpacific - Philex

Manila

Luzon

Mindanao

Anglo Ashanti• joint venture with Red 5• Siana Deposit · past production 1m ozs gold· current resources 1.6m ozs gold· feasibility stage

Slide 33 of 48

Mindoro in the Surigao Gold District

Anglo American• joint venture with Philex Gold•Boyungan Deposit •219 m.t. @ 0.81 % Cu, 0.74 g/t Au

Mindoro holds >25,000 ha

(shown in blue)

Senior mining companies hold

adjoining properties

of 48



Philippine Sea

LakeMainit

Butuan Bay

Bayugo

Madja

Mayag

Masgad

Taganito


Hinatuan

Asiga

0 5km

N Road

A




Faults


Mindoro Project

Anglo - Philex


Climax

Other Companies


Manila

Luzon

Mindanao

Agata•Agata North•Agata South•American Tunnels•Assmicor•Limestone (epithermal)•nickel laterite prospect

Tapian San Francisco• Waterfalls•Cantikoy•Gold Hill•Canaga

Mat – I

Tapian Main•Tapian Main (porphyry & epithermal)

•Bolobolo

Anglo Ashanti

Slide 34 of 48

Mindoro in the Surigao Gold District

Anglo American

10 porphyry copper-gold targets:

10 porphyry copper-gold targets:

2006 focus onAgata & Tapian San Francisco

2006 focus onAgata & Tapian San Francisco

of 48



%

O c

e a

n

Tubay River

Philippine Fault

Agata CompilationAgata CompilationBHP Billiton funding drilling of nickel lateriteprospect.

3 rigs currentlydrilling on site

Taganito due diligence:38 sampleshighest 2.9% avg. 0.5%

? ? ? ?

South PorphyrySouth PorphyryTargetTarget

North PorphyryNorth PorphyryTargetTarget

+

+

+

%%

%

%%

%

%% %

%%

% %

%%

.

.

1km0%

Altered harzburgite(quartz - magnetite veining ± pyrite)

Intrusive complex

High resistivity anomaly

Nickel laterite

High chargeability anomaly

Old mine working / epithermal gold

Cu mineralization

Structurally controlledPhyllic altered zones

+

%

Slide 35 of 48

Drilling underwayon North Target

Drilling to start in 2Q 2006 on South Target

Nickel lateriteprospect

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Philippine Sea

Madja

Boyungan (Anglo/Philex)(219 m.t. @ 0.81 % Cu, 0.74 g/t Au)

Taganito


Hinatuan

Asiga

Mindoro in the Surigao Gold District•10 porphyry copper-gold prospects•2 epithermal gold prospects•nickel laterite prospect

0 5km

N Road

A




Faults


Mindoro Project

Anglo - Philex


Climax

Other Companies


Manila

Luzon

Mindanao

Siana (Anglo Ashanti/Red 5)· past production 1m ozs gold· current resources 1.6m ozs gold· feasibility stage

Slide 36 of 48

LakeMainit

Butuan Bay

Bayugo

Mayag

Masgad

Agata•Agata North•Agata South•American Tunnels•Assmicor•Limestone (epithermal)•nickel laterite prospect

Tapian San Francisco• Waterfalls•Cantikoy•Gold Hill•Canaga

Mat – I

Tapian Main•Tapian Main (porphyry & epithermal)

•Bolobolo

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Tapian San Francisco Compilation

ALTERATION OF ANDESITE

R2c

C4

Fault

Propylitic

Argillic

Phyllic

Old mine working

High chargeability anomaly

High Resistivity anomalyHigh Resistivity anomaly

Copper mineralization

0 500 m

V V

LITHOLOGY

Serpentinized ultramafics

Limestone with carbonaceousshale / siltstone lenses

Andesite

Diorite - andesite porphyry+ +

N

?

?

? ? ?

??

?

?

?

+

+

+++++

++

+++ ++++

+

C6 C5

C7C2 C3

C4

C1

C8C9

VV

V

V

V

V

V

Tenement Tenement BoundaryBoundary

1.01% Cu0.55 g/t Au19.02 g/t Ag25 meters

1.09% Cu0.08 g/t Au13.03 g/t Ag15 meters

Waterfalls

AA

AAAA

A

A

Mina

Villa Riza

Gold HillGold HillCantikoyCantikoy

Slide 37 of 48

Drilling to startearly April ‘06

of 48




Major Deposit


AA

AA

Mindoro Project

SURIGAOdrilling underway on Agata North porphyry target

drilling on Agata South target scheduled for 2nd Q 2006

BHP Billiton funding nickel laterite drilling

multiple porphyry copper-gold targets emerging at Tapian San Francisco

BATANGASdrilling underway on Pica porphyry discovery

drilling Kay Tanda epithermal and porphyry targets scheduled for 1st Q 2006

multiple porphyry copper-gold targets emerging at El Paso; drilling upon receipt of EP

drilling Calo summer 2006

Discovery Driven Exploration StrategyDiscovery Driven Exploration Strategy

A

A

A

MINDANAOAA

A

A

AAA

AA

AAA

A

A

A

A

PANAY

AA

!

Manila

LUZON

AA

A

AA A

A

AA

A

A

A

A

A

AA

A

A

AAA

AA

AAA

A

A

A

A

AA

A

A

A

A

Mindoro Objective:• Add significant value to stock

over next 6 -12 months by confirming 2-3 new discoveries

• Negotiate agreement with senior partner(s) to take discoveries into production

Mindoro Objective:• Add significant value to stock

over next 6 -12 months by confirming 2-3 new discoveries

• Negotiate agreement with senior partner(s) to take discoveries into production

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Socially and Environmentally ResponsibleSocially and Environmentally Responsible

Water well drilled by Mindoro for local villageWater well drilled by Mindoro for local village

Children in front of daycare center built by Mindoro

Children in front of daycare center built by Mindoro

Tree nursery for drill site rehabilitationTree nursery for drill site rehabilitation

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Experienced Board of DirectorsExperienced Board of Directors

Dr. Gerhard Kirchner – Chairman–– 40 yrs international mine development, management & discovery40 yrs international mine development, management & discovery

Tony Climie, President and CEO–– 35 yrs international mineral exploration & discovery35 yrs international mineral exploration & discovery

Oscar Reyes–– former Chairman and CEO of Shell Philippinesformer Chairman and CEO of Shell Philippines

Marshall Farris–– Principal of Ascenta Capital, an investor relations consulting fPrincipal of Ascenta Capital, an investor relations consulting firmirm

Rob Garden, Q.C.–– 30 yrs experience in natural resources law, director of Golden 30 yrs experience in natural resources law, director of Golden

Band ResourcesBand Resources

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A Snapshot of Dr. Gerhard KirchnerA Snapshot of Dr. Gerhard KirchnerMindoro Chairman

Director of Mindoro since 1996

40 years of international mine development & discovery:–– Zaire (Zaire (KamotoKamoto Mine)Mine)–– SurinamSurinam–– NigeriaNigeria–– CongoCongo–– Greenland (Greenland (ErzbergErzberg

molybdenum porphyry)molybdenum porphyry)–– CanadaCanada

Slide 41 of 48

of 48



Tony Climie, B.SC., P. Geol.Tony Climie, B.SC., P. Geol.CEO, President, DirectorCo-founder in 199635 years international mineral exploration & discovery:–– NikeNike--Concord gold deposit, NevadaConcord gold deposit, Nevada–– Mt. Mt. SkukumSkukum gold mine, Yukongold mine, Yukon–– Wolf Lake uranium deposit, Wolf Lake uranium deposit,

SaskatchewanSaskatchewan–– Damp Damp polymetallicpolymetallic deposit, NWTdeposit, NWT–– MazenodMazenod Lake copperLake copper--cobalt deposit, cobalt deposit,

NWTNWT–– KoongarraKoongarra uranium deposit, Australiauranium deposit, Australia

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A Snapshot of Oscar ReyesA Snapshot of Oscar ReyesFormer Chairman and CEO Shell Oil Philippines

Responsible for US$5 billion Malampaya oil and gas project

Directorships with major Filipino companies

Former UN Ambassador for HIV / AIDS in Philippines

Slide 43 of 48

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Capitalization Snapshot (CDN $)Capitalization Snapshot (CDN $)

Shares issued 53.6 millionShares reserved 20.1 million

–– Stock OptionsStock Options 4.8 million4.8 million–– Purchase WarrantsPurchase Warrants 7.5 million7.5 million–– Property AcquisitionsProperty Acquisitions 7.8 million7.8 million

Fully diluted 73.7 millionRecent share price $0.85Market capitalization $45.5 millionYear high-low share price $1.03 - $0.23Current treasury $750,000Fully diluted funds from options & warrants $4.5 million

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Summary of Purchase WarrantsSummary of Purchase Warrants

Issued OutstandingPrice

(CDN$)Fully Diluted

Proceeds Expiration DateAug 05 ’04 333,378 $0.30 $100,013 Aug 05 ’06

Oct 15 ’04 5,062,193 $0.30 $1,518,658 Oct 15 ’06

Oct 15 ’04 57,340 $0.225 $12,901 Oct 15 ’06

Oct 15 ’04 57,340 $0.30 $17,202 Oct 15 ’06

Nov 22 ’04 972,200 $0.30 $291,660 Nov 22 ’06

Apr 12 ‘04 1,058,750 $0.50 $529,375 Oct 12 ‘06

Total 7,541,201 $2,469,749

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Mindoro 1 Yr. Share Performance on TSX-V ExchangeMindoro 1 Yr. Share Performance on TSX-V Exchange

Announced drill results from first hole at Pica

Announced drill results from second hole at Pica

Announced trench resultsfrom Tapian San Francisco

Mindoro’s share price has tripled in the past year…… and our most active season yet is just beginning!

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Why Invest In Mindoro?Why Invest In Mindoro?Dynamic and aggressive Canadian companyMost active drilling season just beginning–– significant upward potential for share pricesignificant upward potential for share price

Big chances to discover big deposits–– 22 shots at $5 22 shots at $5 -- $10 billion deposit$10 billion deposit–– potential to add significant value to potential to add significant value to

shares in short period of time shares in short period of time –– attract senior mining companies to attract senior mining companies to

take projects into productiontake projects into production

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Mindoro Resources Ltd.Suite 103, 10471 – 178 St.Edmonton, ABCanada T5S 1R5Tel: 780.413.8187; Fax: 780.426.2716Email: [email protected]: www.mindoro.com

Mindoro Resources Ltd.Suite 103, 10471 – 178 St.Edmonton, ABCanada T5S 1R5Tel: 780.413.8187; Fax: 780.426.2716Email: [email protected]: www.mindoro.com

Slide 48 of 35

DISCOVERY DRIVEN!DISCOVERY DRIVEN!

discovery driven - mindoro · discovery driven strategy for 2006discovery driven strategy for ......

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