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Emerging Strategic Metal & Coal
ProducerFortune Minerals LimitedInvestor Presentation
July 2011TSX-FT
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FORWARD-LOOKING INFORMATIONThis document contains certain forward-looking information. This forward-looking information includes, ormay be based upon, estimates, forecasts, and statements as to management’s expectations with respect to,among other things, the size and quality of the Company’s mineral resources, progress in development ofmineral properties, timing and cost for placing the Company’s mineral projects into production, costs ofproduction, amount and quality of metal products recoverable from the Company’s mineral resources,demand and market outlook for metals and coal and future metal and coal prices. Forward-lookinginformation is based on the opinions and estimates of management at the date the information is given, andis subject to a variety of risks and uncertainties and other factors that could cause actual events or results todiffer materially from those projected in the forward-looking information. These factors include the inherentrisks involved in the exploration and development of mineral properties, uncertainties with respect to thereceipt or timing of required permits and regulatory approvals, the uncertainties involved in interpretingdrilling results and other geological data, fluctuating metal and coal prices, the possibility of project costoverruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financingneeded in the future, uncertainties related to metal recoveries and other factors. Mineral resources that arenot mineral reserves do not have demonstrated economic viability. Inferred mineral resources areconsidered too speculative geologically to have economic considerations applied to them that would enablethem to be categorized as mineral reserves. There is no certainty that mineral resources will be convertedinto mineral reserves. Readers are cautioned to not place undue reliance on forward-looking informationbecause it is possible that predictions, forecasts, projections and other forms of forward-looking informationwill not be achieved by the Company. The forward-looking information contained herein is made as of thedate hereof and the Company assumes no responsibility to update them or revise it to reflect new events orcircumstances, except as required by law.
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FORTUNE MINERALS INVESTMENT HIGHLIGHTS2 development stage projects in permitting stage:
NICO Gold-Cobalt-Bismuth-Copper Project, NWT & Saskatchewan4 million equivalent gold ozs (1) , significant cobalt & largest deposit of bismuth in world
Mount Klappan Anthracite Coal Project, British Columbia One of world’s largest undeveloped deposits of metallurgical coal
NICO & Mount Klappan, both have:Positive definitive feasibility studies - >$ 1.3 billion Base Case NPV’sSuccessfully test mined – Deposit geometries & grades confirmedSuccessfully pilot plant processed – Production of high value products confirmed All commodities have significant demand growth
Golden Giant Mine mill already purchased & dismantled to reduce NICO CAPEXSue-Dianne Copper-Silver-Gold deposit, 25 km north of NICO – Future mill feedExperienced board & management teamPursuing partnering at project level to finance projects
World-Class Joint Venture (“JV”) Partner secured for Mount KlappanPOSCO is one of the world’s largest steel producers
BNP Paribas engaged to arrange US$ 250 million NICO project financingProduction of specialty metals & coal with minimal equity dilution
(1) Using Metal Price Assumptions: US$ 900/oz Au, US$ 20/lb Co, US$ 10/lb Bi, US$ 2.75/ lb Cu
4Canada Focus - Operating in mining friendly jurisdictions
PROPERTY INTERESTSPROPERTY INTERESTS
Canada Focus - Operating in mining friendly jurisdictions
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CorporateInformation
Share Performance
Listing: TSX-FTShare Price: $ 1.50Issued Shares: 107.5 millionFully Diluted: 126.9 millionMarket Cap: $ 161 millionWorking Capital: $ 5.0 million (Q1- 2011)
$ 30 million pending from POSCOTotal Assets: $ 128.4 million (Q1-2011)
China Mining Resources Group Ltd. ~14%Manulife Global Management US ~ 10%Officer & Director Holdings ~23% (includes China Mining)
As of July 11, 2011All values in C$ unless otherwise noted
Analyst Reports
Ownership
David Davidson, Paradigm CapitalMichael Fowler, Loewen Ondaatje McCutcheon
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One of world’s largest undeveloped metallurgical coal deposits
Advanced Project with Definitive Feasibility Study demonstrating robust economics
Rail transportation from mine site to port facilitates scalable expansion
World-class JV partner now secured – POSCO is one of the world’s largest steel producers
POSCO partnership results in significant funding to accelerate development & recognizes Mount Klappan as key future supplier of premium coal products to global steel industry
Supply shortages of metallurgical coals – Growing world consumption
Railway sub-grade links mine site with CN mainline & Ridley Terminals
MOUNT KLAPPAN ANTHRACITE COAL PROJECT HIGHLIGHTS
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POSCO Canada (“POSCAN”) will acquire a 20% interest in Mount Klappan
Based on current capital cost estimates, POSCAN anticipated to make total payments & cash contributions of $181 million, including $30 million in upfront funding
JV will accelerate development of Mount Klappan by combining Fortune’s local development & operations expertise & POSCAN’s market knowledge & financial backing
Funding Highlights:
POSCAN will provide $30 million in upfront funding to Fortune Coal, $20 million of which Fortune Coal will contribute directly to the JV
POSCAN will provide 20% of the total development & capital cost of the Project, which under current estimates will equal $154 million
POSCAN will provide $17.2 million in additional payments to Fortune based on future milestones
POSCAN will fund 20% of operating costs & receive 20% of production
Fortune will be Project Manager & will be compensated for providing operational, technical & administrative support over life of mine
JOINT VENTURE WITH POSCO
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World’s 3rd largest steel producer by market value*
Crude steel production of 33.7 million tonnes in 2010 & sales for the 12 months ended March 31, 2011, totaled US$62.2 billion
POSCO’s Gwangyang Works the largest steel mill in world, with capacity of 19.5 million tonnes
Continues to expand global operations towards goal of achieving total crude steel production capacity of 50 million tonnes
Headquartered in Seoul, South Korea, & listed on Korea Exchange (KRX) & inter-listed on New York, London & Tokyo Stock Exchanges
ABOUT POSCO
* Market cap of US$32.6 billion based on the closing price of POSCO’s stock on June 24, 2011 on the NYSE stock exchange
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Secures world-class organization as major investor & strategic partner
Recognizes Mount Klappan as one of world’s premier metallurgical coal development projects & future key supplier to global steel industry
Accelerates Project development & anticipated to provide 100% of required funding to complete engineering studies, permitting & stakeholder consultations
Provides significant portion of required development & capital funding
$ 30 million in upfront funding
POSCAN anticipated to make total payments & cash contributions of $181 million
Based on a financing scenario of 70% debt & 30% equity, Fortune’s equity requirement anticipated to be $184 million over life of construction phase
Maintains significant upside for Fortune shareholders –post-transaction levered after-tax NPV (8%) of Fortune’s 80% estimated at $601 million at $175 per tonne PCI price
TRANSACTION BENEFITS
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Large license area in northwest B.C. (15,866 Ha)
Close proximity to deep water shipping ports
Stewart Port (150km)
Ridley Terminals in Prince Rupert (330km)
Close proximity to Asian markets
Port of Prince Rupert 36 hours closer to Asian ports than other West Coast ports
Mine site straddles railway right-of-way
Track (CN) installed to 150km south of mine
Railway road bed largely complete to mine
Road access from railway subgrade
Feasibility study for railway expansion completed
Support of CN Railway
B.C. Government now revenue sharing with First Nations groups
STRATEGIC LOCATION & INFRASTRUCTURE
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Mount Klappan Resources (million tonnes)(1) (3) (4)
Lost Fox Metallurgical Coal Reserves (million tonnes)(2) (3)
(1) 2.8 billion tonne resource in all classes - estimates by Marston & Marston Inc. as of February 2007(2) 9.7 Bcm / tonne finished product strip ratio at 1.5 million tonne per year.(3) Richard Marston, PE is the Qualified Person as defined by NI 43-101(4) Speculative Resources are no longer considered NI 43-101 compliant
MOUNT KLAPPAN RESOURCES & RESERVESLost Fox deposit remains open for possible lateral expansion
Additional coal seams identified below 300 meters & on adjacent lands
Significant upside potential
Run - Of - Mine Coal Reserves Measured Indicated Total In Situ
89.5 16.8 106.3
10% Ash Product Reserves Proven Probable Total Product
51.6 9.2 60.8
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ANTHRACITE PRODUCTS & USE
Highest quality coal with very high carbon & energy content Anthracite only 1% of world coal reservesMetallurgical coal with diverse applications
Other products: Blend coal with coking coal for making metallurgical cokeDirect coke replacementHeating & cooking briquettesBinder for iron ore pellets
Source: Company Information.
Filter Media US$ 400 / tonne Metallurgical Reductants / charge carbon US$ 400 / tonne Ultra-Low Vol. PCI US$ 250 / tonne Sinter US$ 200 / tonne Power Generation US$ 150 / tonne
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World 2009 anthracite production: ~ 565 million tonnes
China: 483 million tonnes – a net importer of anthracite
Vietnam: 43 million tonnes – reduced exports with plans to utilize all production domestically
Few new high-quality deposits in mining friendly jurisdictions
Increasing demand from end markets for good quality metallurgical coals
China became a net coal importer in 2009, coking coal in 2007 & anthracite in 2004
Japan & South Korea imports increased in 2010 after financial crisis in 2009
Other emerging economies will also be the driving forces for future met. coal demand
Indian crude steel production expected to increase from 72.8 million tonnes to 124 million tonnes by 2012 & 293 million tonnes by 2020
Brazilian crude steel production expected to increase from 26.5 million tonnes to 103 million tonnes by 2030
An insufficient supply of met. coals to meet anticipated further global demand
VERY ATTRACTIVE MARKET DYNAMICS FOR ANTHRACITE / PCI
PCI produced from Mount Klappan will be very high-quality & priced at the upper range of PCI prices
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November 2010 DFS update to 2005 & 2008 DFS
Based on railway transport of coal from mine to Ridley Coal Terminal in Prince Rupert
Initial production from Lost Fox deposit open pit mine, wash plant & site infrastructure
60.8 Mt of product coal reserves – 20+ yrs production (only 3.6% of global resource)
Production of 3 Mtpa clean coal
Premium ultra-low volatile PCI product
Can diversify product mix to produce premium products (charge carbon) & sinter
2010 DEFINITIVE FEASIBILITY STUDY (DFS) – OVERVIEW
BASE CASEUltra-Low Volatile PCI
US$175 / tonne (C$1 = US$ 0.95)
PRE-TAX AFTER TAX
IRR 25.4% 20.7%
NPV (8%) C$ 1,027.8 Million C$ 667.4 Million
Capital (Years 1-4) C$ 768.4 Million(includes railway capital)
Pre-Tax NPV (8%)In billions
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Allows for expansion of production rate to take advantage of large resource base
Lowers operational risk compared to trucking
Simplifies development – CN Rail operates on Dease Lake Line to Minaret (150 km from mine site) & railbed established to mine site (except 22km & 3 bridges)
Survey & engineering of railway extension at feasibility level
Allows use of Ridley Terminals
BENEFITS OF RAIL TRANSPORTATION
Existing railway right-of-way & road bed
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Ice-free, deepwater port capable of handling full Capesize vessels ~US$ 10/tonne reduction in ocean freight
World Class coal & bulk materials handling facility with 16 Mtpa capacity
Serviced by Provincial highway & CN Rail Main Line
Significant capacity: Currently only handling ~50% of design capacity
36 hours closer to Asian ports than port of Vancouver
Opportunities for shared cargos & blending with other metallurgical coals
RIDLEY COAL TERMINAL IN PRINCE RUPERT
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DFS reserves only represents 3.6% of total resource
Rail transportation allows for higher annual production than 3 Mtpa
Simultaneous development of Hobbit-Broatch deposit or more rapid mining of Lost Fox deposit would allow for much higher annual production
3rd Party contribution to railway capital costs increases NPV
Current resource only identified to 300 metres – Additional coal seams identified at depth
Increased resource potential – Marston has recommended 4 phase drilling program
BC Government extending electrical grid & connection would lower power costs & enable use of lower cost mining equipment
Lease-to-purchase of mobile equipment fleet would result in lower upfront capital costs & increased IRR
Project finance debt & off-take / trade financing expected to enhance IRR
SIGNIFIANT UPSIDE POTENTIAL BEYOND 2010 DFS
One of world’s largest undeveloped deposits, rail directly to the mine site, & no port capacity issues allows for a very large, scalable project – potentially
6 Mtpa +
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JV partner now secured & accelerated development program underway
Next steps include:
Complete Front End Engineering & Design Studies on the Lost Fox Mine
Complete engineering on rail transportation in conjunction with CN Rail
Continue community & stakeholder engagement
Complete environmental permitting process
Fortune will concurrently advance Mount Klappan & continue discussions with potential debt and equity providers, with aim of announcing fully financed, permitted project at conclusion of currently planned programs
Expansion options – expected through increased production at Lost Fox or development of other Mount Klappan deposits – will be considered in due course; Fortune anticipates its proportionate share of funds for expansions would be funded from Project cash flows
ACCELERATED DEVELOPMENT STRATEGY
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NICO GOLD-COBALT-BISMUTH-COPPER PROJECT HIGHLIGHTS100% Ownership – No 3rd party royaltiesMine & mill in NWT
Open pit & underground mine & concentratorLow cost concentration – 5% of ORE contains metals
Saskatchewan Metals Processing Plant (SMPP) Vertically integrated hydrometallurgical facility to produce gold doré, cobalt & copper cathodes & bismuth cathode or ingot
$ 92 million work completed to date, includes:$ 20 million test mining$ 15 million metallurgy & process pilot plants
2007 positive feasibility study & 2008 update 32.3% Pre-tax IRRPre-tax $ 361 million 8% NPVSignificant recent improvements not included
31 Million tonne reserve – 4 Million eq gold ozs (1)
Golden Giant (Hemlo) buildings & equipment purchased & dismantled to reduce capital costsEnvironmental Assessments in progress for mine & SMPP permitting
(1) Using Metal Price Assumptions: US$ 900/oz Au, US$ 20/lb Co, US$ 10/lb Bi, US$ 2.75/ lb CuTest mining 2006/2007
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MINE LOCATION & INFRASTRUCTURE
5,140 Ha lease in southern NWT
Winter access roads
New all-weather road planned by governments to Hwy (135 km)
$18 million in place for stage 1 –realignment, bridges & roadbed
Engineering & environmental work underway
450 km from railway at Hay River for transport of concentrates to SMPP
160 km from City of Yellowknife
50 km from Town of Whati
22 km from Snare Hydro
Settled land claim with Tlicho Government
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NICO MINERAL RESERVESUnderground Mineral Reserves Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
Proven 1,403,000 2.23 0.16 0.22 0.04
Probable 767,000 2.92 0.17 0.19 0.03
Total 2,170,000 2.47 0.16 0.21 0.03
Reserve estimate by P&E Mining Consultants Inc., Eugene Puritch, P.Eng. & Fred Brown, CPG PrSciNat, Qualified Persons as defined by NI-43-101
Open Pit Mineral Reserves Tonnes Au (g/t) Co (%) Bi (%) Cu (%)Proven 15,019,000 0.85 0.12 0.16 0.04
Probable 13,797,000 0.71 0.12 0.15 0.03
Total 28,816,000 0.79 0.12 0.15 0.04
Combined Mineral Reserves Tonnes Au (g/t) Co (%) Bi (%) Cu (%)Proven 16,422,000 0.97 0.12 0.16 0.04
Probable 14,564,000 0.83 0.12 0.15 0.03
Total 30,986,000 0.91 0.12 0.16 0.04
Contained Metal 907,000 ounces
82 million pounds
109 million pounds
27 million pounds
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DIVERSIFIED EXPOSURE TO GOLD & SPECIALTY METALSGold: Largest source of revenue in first yr of operation – Counter cyclical hedge
Cobalt: Significant demand growth - Principal sources in politically unstable countries World consumption: ~76,500T ~ 8% annual growthMetallurgical markets: high strength alloys, cutting tools, cemented carbides &
magnetsChemical markets: lithium ion & nickel metal hydride batteries, catalysts, agriculture & pigmentsKey growth areas: batteries for electronic devices & hybrid / electric vehicles, catalysts for petroleum refining, turbinesLME: Initiated trading in 2010 – Futures market
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DIVERSIFIED EXPOSURE TO GOLD & SPECIALTY METALSBismuth: Largest deposit in world – China principal source – supply concerns
World consumption: ~15,000T Traditional markets – fusible alloys, cosmetics, chemicals, ointments, medicines, lubricants, electronics & flame retardantsNew markets – Super conductors, CD’S & auto anti-corrosionEnvironmentally safe (non-toxic) replacement for lead in: solder (plumbing & electronics), hot-dip galvanizing, plumbing brasses, ceramic glazes, ammunition, radiation shielding, paint pigments & free cutting steelMCP Group – LOI with World’s largest processor to purchase all production
Copper: By-product of cobalt processingWorld Consumption: ~ 18 million TPrincipal Markets: electronics / wire, pipe, brasses & other alloys, & coinage
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UNDERGROUND TEST MINING & PILOT PLANT PROCESSING
Mining conditions, geometry & grades for deposit confirmed
Environmental impacts assessed
Portal, decline ramp & 2 mine levels established with ventilation raise to surface
~$20 million pre-production development completed
Large sample collected for $7 million pilot plant tests
Proved process flow sheet
Verified production of higher value metal products
Increase in metal recoveries over feasibility study
Tangible demonstration of successful project to governments & communities
Reduced project risk
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GOLDEN GIANT MINE (HEMLO) MILL, ONTARIOBuildings, equipment & spare parts acquired from Newmont CanadaRelocation to NICO for significant reduction in capital costs & project riskNo environmental liability for Hemlo siteDismantling & removal completed for net cash cost of ~$18 million
Includes ~$3.5 million in revenue from sale of surplus equipment, gold & scrapDemonstration of project execution on budget & schedule
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Micon, Met-Chem, Golder, SGS Lakefield & metallurgical & engineering experts Open pit mine with underground mining contribution in yrs 1 & 2
Maximize gold recovery & high grades during initial production Simple flotation to produce high value concentrate
High concentration ratio – 3.8% sulphide fraction contains the valuable metalsVertically integrated hydrometallurgical plant to produce high value metal productsResults:
Pre-tax IRR 32.3%Pre-tax C$361 million 8% NPVPre-production capital cost C$213 millionCash Cost US$1.41/lb Co (1)(2)
Cash Cost US $259/oz Au equivalent (2)
April 2008 metal price sensitivity increases IRR to 97.2% & NPV (8%) to $1.5 billion(3)
Significant recent project improvements not included in feasibility study results – Capital costs will be higher
2008 DEFINITIVE FEASIBILITY STUDY
(1) Net of credits for gold and bismuth sales
(2) Base Case metal prices of US$750/oz Au, US$20/lb Co, US$10/lb Bi and US$/C$ 0.97
(3) April 2008 metal prices of US$900/oz Au, US$50/lb Co, US$16/lb Bi and US$/C$ 0.97
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43% increase in reserves to 31 Mt – 18 Yr mine life - Excludes results of 2010 drilling16% production rate increase to 4,650 tpdNew more efficient mine plan - Eliminated underground backfilling – More underground mill feedIdentification of low strip starter pit – Eliminates pre-strippingCo-disposal of waste rock & tails – Reduces dam structures & reclamation costsCommodity price assumptions higher:
Gold US$ 900/ozCobalt US$ 20/lbBismuth US$ 10/lbCopper US$ 2.75/lb
Improved recoveries from pilot plant: Gold 56-84%, Averages 72% - ConfirmedCobalt 83.5% - Formerly 81%Bismuth 72.7% - Formerly 58%Copper 57.9% - Now included
Higher value metal products: Gold Doré Cobalt 99.8% cathodeBismuth 99.5% cathode or 99.9% ingot – Feasibility study assumed concentrateCopper 99.99% cathode – Not included in feasibility study
Hydrometallurgical process plant relocated to SaskatoonLower OPEX (~$7 million/yr) – Mitigates capital cost increase (~$30 million)
POST-DEFINITIVE FEASIBILITY STUDY IMPROVEMENTS
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Hydrometallurgical plant to process NICO concentrates to high value metal productsAgreement to purchase lands near Saskatoon
Located on CN Rail lineClose to Trans-Canada HwyInexpensive power (5.7 cents/kWh)Close to natural gas & waterClose to reagent sourcesSkilled worker / engineer pool – 85 employees
High concentration ratio of NICO ores produces only 180 tonnes of concentrate / day for delivery to SMPPSMPP capital cost ~ $225 million
SASKATCHEWAN METAL PROCESSING PLANT (SMPP)
NICO
Saskatoon
CN Rail Canadian Route Map
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2010 NICO DRILL PROGRAM38 new drill holes completed in 2010 to extend deposit & better delineate limits
Particular emphasis on extending gold-rich central core to depthDrilling very successful in expanding deposit & intersecting high-grade gold intervals:.
51.3m averaging 2.2 g/t Au & 0.11% Co, including 3m averaging 15.59 g/t Au, 0.46% Co, 0.05% Bi & 0.20% Cu in NICO 10-300;8.00m averaging 4.74 g/t Au & 0.16% Bi, including 1m grading 35 g/t Au in NICO 10-325;3.38m averaging 11.59 g/t Au, 0.37% Co, 0.16% Bi & 0.14% Cu, including 1.67m averaging 20.04 g/t Au, 0.36% Co, 0.24% Bi & 0.13% Cu in NICO 10-324;5.00m averaging 4.84 g/t Au, including 2.5m averaging 9.21 g/t Au in NICO 10-327;20.1m averaging 0.38% Co & 0.37% Bi in NICO 10-292
New Mineral Reserve estimates in Q2-2011
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Average Annual Metal Production:Gold: yrs 1&2 of mine life: ~66,400 ozs, yrs 3-18 of mine life: ~31,500 ozsCobalt: ~3.4 million lbs (1,550 tonnes)Bismuth: ~ 3.65 million lbs (1,650 tonnes)Copper: ~ 770,000 lbs (350 tonnes)
Average revenue: ~$100/T, $170 million/yrRevenues higher in early years of production
Average cost: ~$60/T, $102 million/yrImprovements increase project revenues – Capital costs will be higherFront End Engineering & Design Studies by Aker Solutions & other engineering companies
Revised capital & operating costs Q2 2011New Mineral Reserve estimates in Q2-2011BNP Paribas engaged to arrange US$ 250 million for project financing
Indicative term sheet with 70:30 debt equity splitEnvironmental Assessments for mine & SMPP in progress for permittingProduction targeted in 2013Examining options for Fortune’s contribution to project financing
Off-take relationships, minority partners, gold or cobalt sales, equity
CURRENT STATUS OF NICO PROJECT
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STRATEGY FOR SHAREHOLDER VALUE RECOGNITIONMarket Capitalization: $ 161 Million:
undervalues 2 major projects with feasibility NPV’s collectively > $ 1.3 Billion, $ 8.7 million working capital & ~$ 40 million(1) in Hemlo equipment
Joint venture Mount Klappan with strategic partner:Joint venture with POSCO announcedPOSCO provides $30 million in upfront funding & 20% of project capitalValues project, resolves financing challenges & brings financial & marketing expertise
Development of NICO:BNP Paribas engaged to arrange US$ 250 million project debt facilityIndicative term sheet 70:30 debt to equity with credit for capital already spentOptions for 30% equity share - Strategic minority partner, equity, forward metal sales
JV Strategy minimizes future equity dilutionInvestor recognition of Fortune’s world class Canadian development assets with minimal equity dilution
(1) Company estimate of value to NICO Project
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DirectorsMahendra Naik, B Comm, CA Chairman, Director CFO Fundeco - Founding director & former CFO, IAMGOLD
George Doumet, MSc, MBA Honorary Chairman, Director Chemical Engineer – President & CEO, Federal White Cement
Robin Goad, MSc, Pgeo President & CEO, Director Geologist - 29 yrs mining & exploration experience
David Knight, BA, LLB Secretary, Director Partner, Macleod Dixon specializing in securities & mining law
James Excell, BASc Director Metallurgical Engineer – 35 yrs mining experience BHP-Billiton
William Breukelman, BASc, MBA, Peng Director Chemical Engineer – Chairman, Gedex
James Currie, BSc (Hons), PEng Director Mining Engineer – Executive Vice President & COO, New Gold
The Honorable Carl L. Clouter
Shou Wu (Grant) Chen, MSc, MBA
Director
Director
Commercial pilot - former owner of charter airline in NWT
Geologist – Deputy Chairman & CEO, China Mining Resources Group
ManagementJulian Kemp, BBA, CA VP Finance & CFO Chartered Accountant – 22 yrs mining financial experience
Thomas Rinaldi, BSc VP Operations Mining Engineer – 27+ yrs engineering & operations experience
Michael De Carlo, BSc, BBA
Bill Shepard
Project Manager
Logistics Manager
Mining Engineer – 40+ yrs engineering & managerial experience
15 yrs experience in procurement and logistics
Dr. Richard Schryer, PhD
Adam Jean, HBA, CA
Director Regulatory & Environmental AffairsController
Aquatic Scientist – 21 yrs experience in mine permitting & environmental assessmentsChartered Accountant previously with Ernst & Young
James Mucklow, MESc, PEng
Pat Moloney, BSc, BEd
Manager Env.& Community
Manager Human Resources
Geological Engineer – 21 yrs geological & environmental experience
12 yrs human resources experience
Emerging Strategic Metal & Coal
ProducerFor further information, please contact:
Robin Goad, President & Chief Executive OfficerTroy Nazarewicz, Investor Relations Manager
140 Fullarton Street, Suite 1902London, Ontario, Canada
N6A 5P2Tel. (519) 858-8188Fax. (519) 858-8155
E-mail. tnazarewicz @fortuneminerals.comWebsite. www.fortuneminerals.com
TSX-FT