lara investor presentation

South American Prospect Generator 1

Forward Looking Statements

• Except for statements of historical fact relating to the Company, certain information contained hereinconstitutes forward-looking

statements. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”,

“anticipate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are

based on the opinions and estimates of management on the date the statements are made, and are subject to a variety of risks and

• uncertainties and other factors that could cause actual events or results to differ materially from thoseprojected in the forward-looking

statements. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events

could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements.

• The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in

accordance with applicable securities laws. For a description of material factors that could cause the Company’s actual results to differ

materially from the forward-looking statements, please review the Company’s Management Discussion & Analysis and Financial Statements

filed on www.sedar.com.

• Michael Bennell, Lara’s Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy, is a Qualified Person

as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and

approved the written disclosure of the technical information in this presentation regarding the Company’s projects.

2TSX-V: LRA July 2015

Introduction

• TSXV listed mineral exploration company active in Brazil, Peru, Colombia and Chile.

• South America-based management team with a history of exploration success.

• Multi-commodity mineral property portfolio: precious metals, base metals,

industrial minerals, agricultural commodities and coal.

• Prospect Generator business model with exploration funding derived from joint

ventures, partnerships and the sale of projects.

• Recent exploration success at Liberdade (Brazil) in partnership with Codelco, with

significant near-surface copper-gold mineralization intercepted in drilling.

• Exchange ticker symbol: LRA.V


TSX Venture Exchange 2002-Present

• The last junior resource bear market ran from 1997 to about 2002

• TSX-V then rose to a peak in 2007, commodity prices peaked in 2011

• TSX-V dropped for 4 years and has now more or less flat-lined since Jan-2015

• Exploration and development companies now look VERY cheap when compared to other

equities that have been in a 7-year bull market


S&P 500

TSX-V

Source: Brent Cook – Exploration Insights

Rel

ativ

e V

alu

e

12

10

8

6

4

2

0

Concept Pre-discovery Discovery Feasibility Development Startup Deplete

Speculators Leave

Orphan Period

InstitutionalInvestment

Sold to a Miner

Full Value

Timelines for Exploration and Development

5

• Project timelines are longer than the market cycles, the Prospect Generator business

model allows Lara to remain active through the cycle and stay focused on finding the

value-add discoveries that reward shareholders

TSX-V: LRA July 2015

0

50,000

100,000

150,000

200,000

250,000

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

2006-03-23 2008-03-23 2010-03-23 2012-03-23 2014-03-23

Vo

lum

e

Pri

ce

(C

AD

)

Lara Share Price Chart 2006 to Present

Reviewing Potential

Portfolio Acquisitions at

Appropriate

Valuations

6TSX-V: LRA

$5m Equity

Financing

Sale of Non-Core

Assets to Raise Finance 2013-2016

Copper Discoveries

In Brazil

Maxy Peru

Acquisition

$5m From Sale of

Phosphate Project in Peru

Nickel Discovery In

Brazil

July 2015

Share Capital and Sustainability

7

Treasury Value

Market Capitalization ~CAD$7.9 M

Cash & Marketable

Securities~CAD$1.0 M

Payments due from

Partners (est. 2015-2016)~CAD$2.0 M

2015 Budget CAD$1.0 M

Share Capital Number Percent

Outstanding 30,969,691 96%

Options 1,390,000 4%

Fully Diluted 32,359,691 100%

Insider Ownership ~10%


• In 2013-14 Lara substantially cut exploration costs to now focus on M&A

• Operations currently funded by sale of non-core properties and marketable securities

Management and Directors

8

Management Directors

Miles Thompson (President & CEO)

Lara founder with +30 years in exploration globally.

Previously Manager of Business Development for Gold

Fields. Founder and Chairman of Reservoir Minerals.

Michael Bennell (VP Exploration)

+30 year track record with multiple discoveries in

Australia, Brazil and Africa. Previously with BHP

Billiton and AngloGold.

Christopher MacIntyre (VP Corporate)

+7 years in public markets and the resource sector.

Commerce and Business graduate Queen’s University.

Helio Ikeda (Project Manager Brazil)

Lara founder, with +30 years experience of

exploration in Brazil. Worked previously for Vale,

Billiton and Barrick.

Carlos Caceres (Exploration Director Colombia)

+30 years experience in coal, metals and oil and gas

exploration in Colombia.

Geoff Chater (Independent Director)

+20 years in the industry, previously First Quantum.

Geology graduate Texas Christian University.

Christopher Jones (Independent Director)

Member of the Institute of Canadian Chartered

Accountants and Institute of Chartered Financial

Analysts of Ontario. Vice President of Duff & Phelps.

Adrian Calvert (Independent Director)

+15 years in resource industry. Founder of WindRose

Capital Ltd. Holds law degree from the University of

Queensland and an MBA from Insead.

Andre Gauthier (Director)

Maxy Gold founder (acquired by Lara in 2009) +30

years in exploration and mining globally, previously for

Falconbridge and Cambior.


Diverse Mineral Property Portfolio


Joint Ventures, Alliances and Royalties

10

Country Partner Project Commodity Lara % Cash $m Expl $m Royalties

Brazil Codelco Liberdade Copper 25% 2% NSR

Brazil Tessarema Curionopolis Copper-Au Royalty 2.00 2 - 5% NSR

Brazil Aguia Sergipe Potash Shares 0.150

Brazil Paradigm Canindé Graphite 20% 0.70 4.50 2% NSR

Brazil Vertical Curionopolis Iron Royalty 0.80 $0.75 - $1.5/t

Peru Aruntani Grace Gold Royalty 2.00 0.50 0.75-1% NSR

Peru Redzone Lara Copper 45% 1% NSR

Peru Hochschild Corina Gold Royalty 4.15 2.00 2% NSR

Peru Kiwanda Picha Copper 30% 1%-2% NSR

Chile Kiwanda Bahia Inglesa Phosphate Shares 0.77 5.00 2% NSR

Colombia Kiwanda Carbhid Coal Shares 2% NSR

Colombia Kiwanda Pelaya Coal Shares 2% NSR

Totals 10.67 12.00


Outlook for H2 - 2015

11

• The Company’s main focus is generating new properties and prospects.

• Kiwanda Listing on the ASX of the phosphate and coal portfolio in Chile and

Colombia is due to be completed in Q3; Lara gets cash and shares.

• Tessarema is planning to release a resource statement and initiate test mining at

the Curionopolis copper project in H2; Lara gets cash and royalty payments.

• Hochschild is working to secure drill permits for Lara’s Corina gold project, a highly

prospective epithermal vein system close to their existing mining operations.

• Apumayo working to secure drilling permits for Lara’s Grace gold project, a sizeable

epithermal target close to their existing mining operations.

• Codelco has initiated court proceedings to defend the Liberdade copper project.

• Lara has initiated arbitration proceedings against partner Vertical to secure

payments and royalties owed from the Curionopolis iron project.


Investment Case for Lara

12

• Business model substantially increases the probability of exploration

success, while reducing the cost of failures

• Treasury sufficient for 2015 budget and beyond

• Management team with deep roots in South America, multiple discoveries

and significant ownership in the Company

• Focus on larger discoveries of interest to miners where even a minority

interest can generate order of magnitude returns for shareholders.

• Liberdade discovery made with Codelco in Brazil potentially a catalyst for a

revaluation of the company

• Building a portfolio of self-created royalty interests

• Lara’s price today is at lows of the 2008 crash


Liberdade Copper - Brazil

13

• The Carajás is one of the

most prolific mining

districts in the world. Vale

operates its richest iron

mines here, in addition to

producing copper, gold,

nickel and manganese.

• Liberdade has unpaved

road access from Tucumã

and landing strip for light

aircraft on-site.

• Mineral rights are within

farm land cleared for cattle

grazing, with only

secondary growth forest

cover


Liberdade Copper - Fortuna Target

14

Liberdade Table 1 - Best Intercepts - Primary Chalcopyrite Zone

Drill Hole Target From (m) To (m)Intercept

(m)Copper (%) Gold (ppb) Cu Eq (%)

LBCD - 02 Fortuna 49 246 197 0.65 118 0.72

LBCD - 06 Fortuna 72.6 200.7 128.1 0.69 104 0.75

• Potentially large open pittable Carajás-type IOCG system with a 1200 x 350m surface footprint.• Codelco funded drilling to earn 51% and must deliver a minimum compliant resource of 500,000t of

contained copper to raise that to 75%.• Currently running a lawsuit against Vale SA and the Departments of Mines defending title

Open Pit Potential


Please refer to ‘Codelco Intercepts 197 Metres At 0.72% Copper Equivalent At Liberdade’, Released: March 1, 2013

• Carajás district, close to operating

iron and copper mines.

• Breccia veins. High grade copper

intercepts include 53.8m at 9.59%

Cu, 56m at 16.51% Cu, 29.05m at

4.56% Cu.

• Partner Tessarema has secured

pilot mining license and is

completing resource statements

and environmental permitting

• Lara to receive staged cash

payments and royalties.

Curionopolis Copper - Brazil


Please refer to ‘Drilling Intersects 56 metres at 16.51% Copper at Curionopolis in Brazil’, Released: June 1, 2015

16

• Iron formations extend for over

10km within the property

• Pilot mining license and permitting

in place for small- scale production

• Final Exploration Report with

Resources and Reserves filed with

the Brazilian Department of Mines

• Vertical currently working to secure

environmental permits and Mining

License

• Lara owed cash and advanced

royalties; has initiated arbitration

process to secure payment of

return of the project.

Vertical Iron - Brazil


Corina Gold - Peru

• Low sulphidation epithermal target

close to Hochschild owned Selene and

Pallancata mines

• Lara trenched and sampled

mineralization for >2km of strike on

the Promesa vein

• Project optioned to Hochschild for

$4.15m in cash and a royalty

• Hochschild and Lara working to secure

community agreement and drilling

permits


REGIONAL UPSIDE

10

Consolidating a major mining district

• Mining concession & superficial rights secured

• 60km mineralised belt with new veins discovered

• Geochemical results show Au/Ag presence at surface

• Mapping over the whole district to be completed in 2015

• Corina: 100% earn-in with Lara Exploration Ltd.

― 4 km vein with Au values at surface - 20 km from Selene

• Strong potential to:

― Increase resource base at Inmaculada & Pallancata

― Discover a new mine

Substantial land package in Hochschild’s Southern Peru cluster

Grace Gold - Peru

• High sulphidation epithermal target (Fox

and Gran Leon) adjacent to Apumayo

mines (below and right)

• Project optioned to Apumayo for $2m in

staged cash payments and a royalty


19

• Mineralized footprint 2km by

0.5km. Oxide resource over a mid-

sized porphyry

• Low altitude, close to

infrastructure and the coast.

• Purchase by Minsur of a 70% interest

in the nearby Mina Justa deposit for

$505 million established valuation

benchmark

• Lara ownership 45%

Lara Copper - Peru


Bahia Inglesa Phosphate - Chile

20

• Large historical phosphate resource in

northern Chile, close to port and with a long

history of small-scale production.

• Lara and partner Kiwanda hold 19,000

hectares of 100%-owned licenses and an

option to purchase the producing Bifox mine.

• Agreement in place to transfer rights to ASX-

listed Phillips River for cash and shares.


• Currently doing

surface mapping

and excavating

test pits as part of

the due-diligence

process at Bifox

Carbhid and Pelaya Coal - Colombia

21

• Lara and partner Kiwanda own

26% of Carbhid SAS, operator of

the Escalones underground coal

mine in Colombia.

• Plus the option to acquire the

Pelaya claim which has the

potential for a large-scale

resource that could be mined

from open-pit

• Agreement in place to transfer

rights to ASX-listed Phillips River

for cash and shares.


Contact

22

For more information please contact:

Christopher MacIntyreVice President, Corporate Development

Suite 414, 100 Richmond Street West

Toronto, Ontario, Canada M5H 3K6

Phone: +1 416-703-0010

Fax: +1 416-964-0823

Or visit us online at:

www.laraexploration.com


lara investor presentation

Documents

financial statements

statements of historical

exploration funding

forwardlooking statementsare

history of exploration

recent exploration success

tsx venture exchange

mineral projects