pge, copper, nickel projects northwest ontario - minfocus · pge, copper, nickel projects northwest...

PGE, Copper, Nickel Projects Northwest Ontario

April 20, 2012

MFX: TSXV

This presentation may contain forward-looking statements

including, but not limited to, information regarding geological

interpretations, potential timing and content of exploration

programs, receipt of permits or property titles, joint venture

agreements, Company financings, etc. Forward-looking

statements refer to events and conditions which have not yet

taken place, and therefore involve inherent risks and

uncertainties. Actual results may differ materially from those

anticipated in these statements. Minfocus Exploration Corp. relies

upon litigation protection for forward-looking statements.

Gerald Harper, P. Geo. President & CEO, is the Qualified Person

under NI 43-101 for the projects discussed in this presentation.

Disclaimer

2

• Focused on continued growth of portfolio of

Platinum Group Element (“PGE”) rich resource

assets by exploration, acquisition and JV’s in NW

Ontario, Canada

• NW Ontario is one of Most Stable Mining Districts

in the world with Global Class PGE deposits.

• Distinguished Management Group with multiple

discoveries of deposits worldwide and +15 years

experience and success exploring for PGE-rich

resources in Ontario.

Minfocus Exploration Corp.

MFX - TSXV

3

4

LakeOntario

Lake

Erie

Huron

Lake

Lake

Lake

Superior

Michigan

Toronto

Ottawa

Thunder Bay

U.S.A.

Sudbury

Timmins

Quebec

Manitoba

Nipigon

Weese-Luella

Witchwood

Sim Lake

Copper Nickel PGE Projects

Chicago

CPR

Rouyn-Noranda

Lake

Nipigon Reefs

Ogoki Road

NakinaArmstrong Station

Hwy 17

Hwy 17

Hwy 11

Hw

y 11

Hw

y 401

Minfocus Projects

N

EW

S

100 Km

Scale

Max Lake

Chief Peter

Minfocus’ Six PGE-Cu-Ni Projects

• 1993 commenced exploration to follow-up numerous bull’s eye

anomalies from Ontario Government Low Level Aeromagnetic

Survey;

• 1993-2000 work identified several target anomalies related to

mafic/ultramafic rocks capable of hosting PGE’s along with Cu

and Ni which lead to focus of work at Current Lake;

• 2001 prospecting at Current Lake discovered boulders along the

lakeshore which assayed 1.0 to 8.0 g/t PGE’s (Pt+Pd+Au)

containing a ratio of 1:1 Pt:Pd and >95% of PGE’s being Pt+Pd. A

new geological model for Canada discovered by Harper and

Wilson (now MFX directors).

• 2006 discovery drillhole at Current Lake by Magma Metals.

Minfocus Management History in Ontario

5

Current Lake Mineralization Discovery 2001 Discovery Boulder Assayed up to 4.1 g/t Pt + 3.7 g/t Pd

New Type of PGE Deposit in N.A. – PGE’s with Pt:Pd > 1.0

6

Discovery by Dr. Gerald Harper and Dr. Graham Wilson Principals and Directors of Minfocus Exploration Corp.

• 2009

•Staking of Springlet Lake claims to cover two lakes with Highest

Anomalies of PGE’s in lake sediment samples from Ontario MNDM

survey released – Lake Samples 2406 and 2408;

•Private Placement raising funding of $110,000

•Geochemical and Magnetic Surveys in Springlet Lake claims

confirm coincident geochem and magnetic anomalies

• 2010

•Earn-In JV with Northcliff Resources (HDI) on Springlet Lake

•Additional Staking in Springlet Lake area

•Initial Drilling at Springlet Lake - $250,000

•Private Placement raising $350,000

•Staking of Weese-Luella claims and Earn-In JV on adjacent claim

•Northcliff converts JV to Share Equity Interest - $250,000

•2011

•Earn-In JV on Seagull Property which is adjacent to Springlet Lk

to form Nipigon Reefs Projects

•Earn-In JV on Chief Peter Property and initial geochem survey

•Private Placement raising $400,000

•Agreement for RTO of Pembroke CPC to list MFX on TSXV

Minfocus Exploration Corp. Exploration and Corporate Development

7

• January 2012

•Closing of TSXV Qualifying Transaction (“QT”)

•RTO Takeover of Pembroke Capital CPC whereby Minfocus

became listed on the TSXV as Minfocus Exploration Corp.

•Private Placement of $ 1,863,750 closed concurrent with QT

•Appointment of Additional Director - Roger Walsh

• February 2012

•Commenced Winter Drill Program at Nipigon Reefs.

•March 2012

•Completed Annual Work Commitment on Nipigon Reefs’ Seagull

Option property with a four-hole 1,700 metre drill program.

•Completed Drilling on Nipigon Reefs’ Springlet Lake prospect with

three-hole 300 metre drill program.

•April 2012

•Memorandum of Understanding Signed with Lac des Mille Lac

First Nation covering Chief Peter property.

•Summer Work Plan for Chief Peter announced along with release

of Minfocus 2011 trenching results showing anomalous surface

PGE assays up to 2.14 g/t PGE’s.

Minfocus Exploration Corp.

8

North American PGE Companies

9

$1,330

$425

$157 $35 $3

$0 $200 $400 $600 $800

$1,000 $1,200 $1,400

Stillwater (SWC)

NA Palladium

(PDL)

Prophecy Platinum

(NKL)

Magma Metals (MMW)

Minfocus Explor (MFX)

Producers vs Largest Explorer Market Capitalization ($million)

As at April 20, 2012 on TSXV

Where exactly does MFX fit compared

to other PGE explorers in Ontario…?

Market Capitalization

Enterprise Value

Details

Minfocus vs Other PGE Explorers

10


11

$34.7

$19.0 $18.4

$10.9 $10.9 $7.0

$3.2

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

$40.0

MMW MUM NRN PFN UMJ CPC MFX

NW Ontario PGM Exploration Companies Market Capitalization ($million)



12

$24.9

$18.0 $14.9

$7.9 $7.8 $4.6

$1.8

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

MMW MUM NRN PFN UMJ CPC MFX

NW Ontario PGM Exploration Companies Enterprise Value ($million)


Enterprise Value = (Market Capitalization – Cash Held)

13

Company Market Enterprise

Shares Capital Value

Minfocus Exploration 40.1M $ 3.2M $ 1.8M

($0.08/sh Apr 20, 2012)

(20-DMA Market Cap is $5.6 million at $0.14/share as at April 20, 2012 )

Magma Metals ($0.13/sh) 267.4M $34.7M $24.9M Pre-Panoramic Takeover Bid

Feb 2, 2012 ($0.085/sh) $22.7M $ 7.6M

Ursa Major ($0.105/sh) 96.3M $10.9M $ 7.8M Pre-Prophecy Agreement

Mar 1, 2012 ($0.06/sh) 79.7M $ 4.8M $ 2.8M

Pacific Northwest ($0.105/sh)103.7M $10.9M $ 7.9M

Mustang Minerals ($0.10/sh) 189.6M $19.0M $18.0M

Northern Shield ($0.16/sh) 115.2M $18.4M $14.9M

Cdn Platinum ($0.055/sh) 107.9M $ 7.0M $ 4.6M

Enterprise Value = (Market Capitalization – Cash Held)

As of April 20, 2012 on TSXV


Beyond financial measures…?

Location

Project Development Stage and Scale

People, People, People!


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Location

In the neighbourhood, about 35km away

from Chief Peter and Nipigon Reefs is…

N.A. Palladium Lac des Iles Mine

and about 15km north of Nipigon Reefs is…

Magma’s Current Lake Project


15

16

LakeOntario

Erie

Huron

Lake

Lake

Lake

Superior

Michigan

Toronto

Ottawa

Thunder Bay

U.S.A.

Sudbury

Timmins

Quebec

Manitoba

Nipigon

Chicago

Rouyn-Noranda

N

EW

S

Lake

Lake

Minfocus Projects

Cu, Ni, PGEDeposits

Deposits and Projects

100 Km

Scale

Nipigon Reefs Project

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Other PGE Explorers’ Project Development

Stages:

MMW - advanced to development stage

PFN - advanced to development stage

UMJ - advanced to small production

MUM - advanced to feasibility stage

NRN - early to advanced exploration

CPC - early stage target definition


18

Minfocus’ Project Development Stages

Portfolio of Six(6) multiple stage PGE, Cu & Ni

projects in Canada:

• Resource Definition drilling

• Nipigon Reefs project

• Initial Discovery drilling

• Chief Peter

• Weese Luella

• Drill Target development

• Sim Lake

• Witchwood

• Max Lake

Minfocus Exploration Projects

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•3 Distinct major exploration projects…

…with large structures over 5-15

kilometres!

•Accessible by roads with prior drilling,

geochemical and geophysical work,

including by majors

•…and Minfocus is drilling and more drill

targets are on each of the projects!

20

Overview of Minfocus

Exploration Projects Portfolio

21

Overview of Minfocus Detailed Reviewed of Key Projects

•Nipigon Reefs Project

•Chief Peter Project

•Weese Luella Project


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23

Seagull Area

Drilling

Nipigon Reefs – Previous Work by Others Narrowly Concentrated on Magnetic High Anomaly

Minfocus: Constructed a new geological model of the Nipigon

Reefs Project by incorporating and reinterpreting a

broader database of the historic drilling than any

previous workers.

New Model: PGE mineralized layers now believed to be much

more extensive covering a 10 km diameter

structure compared to earlier focus on 2.0 sq km

area

Planned Work: Drilling at Nipigon aims to test new model

by looking for continuity of mineralized

PGE layers.

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Re-Interpretaton of PGE Resource Potential

25



Old Limited Seagull Model (Section A-A) vs New Nipigon Reefs Model (Section B-B)

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Old Limited Seagull Model (Section A-A) vs New Nipigon Reefs Model (Section B-B)

(Drawings are Not to Scale)

Drill programs at Nipigon are partly aimed at testing new

Nipigon Reefs Model.

27

Nipigon Reefs Project-New Resource Model Pancake Layers C & D (8-10km diameter x 2m thick) versus

Toothpaste Feeder Tubes A (1.5km tube x 50m diameter)

28

Nipigon Reefs Project versus Magma Current Lake Pancake Layers (8-10km diameter x 2m thick) versus Toothpaste

Feeder Tubes (1.5km tube x 50m diameter)

Magma Current Lake

1.5 km x 50 m dia

Toothpaste Feeder

Tube Deposit

4.5 km diameter x 2 m thick

Pancake Mineral Layer

600,000 oz Pt-Eq

9.7 MT @ 1.9 g/t

Pt-Eq Open Pit 1.5 km diameter

x 2 m thick

Pancake

Potential

+600,000 oz Pt

10 MT @ 2.0 g/t Pt

Potential

+6,000,000 oz Pt

100 MT @ 2.0 g/t Pt


Potentials for Deposits

within 8-10 km

Layered Structure

Huge Structures at

Nipigon Reefs mean

Huge Resource

Potential

29

Nipigon Reefs – Winter 2012 Drilling by Minfocus Aim to Complete Work Commitments on Multiple Claim Blocks

30

Nipigon Reefs – Results of Winter 2012 Drilling Confirmed Continuity of New Model of Layers Plus New Intrusive Layer

31

Nipigon Reefs – Results of Winter 2012 Drilling Confirmed Continuity of Mineralized Layer WM12-34 & WM12-35

and adds support to New Nipigon Reefs Model

32

Nipigon Reefs – Results of Winter 2012 Drilling Confirmed Continuity of Mineralized Layer WM12-37

Plus Encountered New Deep Intrusive Layer

33

Nipigon Reefs – Future Work Planned

• Additional sampling of drill core from

winter drill program to be done.

•Further reconnaissance and surface

sampling of broader area outside prior

drill areas to the north of zones where

historical trenching and pitting

discovered mineralized outcrops with

anomolous PGE’s.

•Develop additional broader drill targets

to continue testing new model for

continuity of PGE’s.

Chief Peter PGE Project

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N

EW

S

East Grid

West G

rid

Chief Peter Lake

Lake

Edar Lake

Lake

Lake

Bass Lake

Lake

Lake

0 1 km

Scale

Legend

MagneticLow

MagneticHigh

Lake

Aeromagnetic survey, 2006 by Aeroquest for Canadian Arrow Mines Ltd

West Zone old trenches X & DHs

X Central Zone old trenches & DHs

X East Zone Cu soil anomaly

Chief Peter PGE Project Significant PGE-Cu-Ni Grades at Surface and in Drill Intercepts

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DH Length Cu% Ni% Pt+Pd Grid Company Date

57-3 239 ft 0.53% 0.23% 1.4 g/t E Nashua 1957

57-6 15 ft 1.26% Cu+Ni E Nashua 1957

57-8 15 ft 1.02% Cu+Ni E Nashua 1957

57-9 14 ft 1.50% Cu+Ni E Nashua 1957

? 5 ft 1.99% 0.08% 1.6 g/t W Fort Knox 2000

Historic Rock Samples

Sample Cu% Ptg/t Pdg/t Ratio Pt:Pd Company Date

B-16 1.78 4.78 3.15 1.52 Nashua 1957

B-19 1.29 2.09 1.12 1.87 Nashua 1957

B-20 2.44 5.31 1.35 3.93 Nashua 1957

? 0.81 1.02 1.36 0.75 Irvine 1963

? 1.78 4.80 3.10 1.55 Coventry 1986

Historic Drill Intercepts

Chief Peter PGE Project Minfocus 2011 Sampling of Previous Worker’s Trench #6

Significant PGE Grades at Surface Confirmed for Historic Results

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Sample No. Cu % Pt (g/t) Pd (g/t) Pt+Pd (g/t) S % Pt:Pd

A20815 0.077 0.05 0.06 0.11 0.363 0.95

Historic 0.359 0.22 0.23 0.45 0.97

A20816 0.511 0.45 0.75 1.26 1.20 0.61

Historic 0.552 0.49 0.61 1.10 0.80

A20817 0.181 0.16 0.23 0.39 0.56 0.70

Historic 0.292 0.19 0.22 0.41 0.87

A20818 0.666 0.70 1.07 1.77 1.31 0.65

Historic 0.533 0.66 1.07 1.73 0.62

A20819 0.650 0.09 1.68 1.77 1.53 0.05

Historic 0.548 1.04 0.91 1.95 1.14

A20820 0.410 0.88 0.98 1.86 1.32 0.89

Historic 0.561 0.95 1.20 2.15 0.79

A20821 0.393 0.81 0.97 1.78 1.10 0.83

Historic 0.561 0.95 1.20 2.15 0.79

A20822 0.202 0.27 0.36 0.63 0.77 0.75

Historic 0.233 0.67 0.37 1.04 1.79

A20849 0.638 1.17 0.93 2.10 2.00 1.26

Historic 0.327 0.20 0.27 0.47 0.73

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Chief Peter Project – Future Work Planned

• West zone sampling of old trenches in

earlier identified ultramafic exposures.

•Followup on geochemical anomaly in

Northeast zone newly identified by

Minfocus in 2011.

•Additional sampling of trenches in

Central zone where +1.0 g/t PGE’s

confirmed by Minfocus in older

trenches suggests strong surface

potential.

38

Luella Lake

Weese Lake

Attwood Lake

N

EW

S

Logging Road

Aeromagnetic expressionof

Proterozoic mafic dykes

1974 DHSLL-1 & LL-2

Cu/Ni showings

Weese-Luella ProjectScale

0 2 Km

Weese-Luella Property Major 15km Mafic/Ultramafic Structure with

Elevated Cu-Ni Grades in Historic Drillholes

Weese-Luella Property Important Historic Drill Intercepts

Widely Spaced over 15km by Several Prior Workers

PGE Potential Untested by Historic Exploration

Drillhole Length Grades

LL-1 33.0ft 0.52% Cu, 0.66% Ni

LL-2 9.7ft 0.59% Cu, 0.30% Ni

and 9.6ft 1.91% Cu, 0.47% Ni

LB04-1 2.6ft 0.8% Cu, 0.9% Zn

LB04-3 3.3ft >1% Cu

LL-4 5.0ft 1.4% Cu, 0.8% Ni

1.2ft 3.2% Cu, 1.3% Ni

LL-5 4.3ft 1.2% Cu, 0.96% Ni

NJZ 2.4ft 1.75% Cu

Widely spaced drill holes spread over a distance of 15 – 20

km drilled by several companies over a 30 year period has

identified extensive mafic/ultramafic structure with

elevated Cu/Ni grades but is untested for PGE’s.

17

NS

Weese - Luella Project

Cross section of 1974 DHs of Getty Mines Limited

9.6ft, 1.91% Cu, 0.47% Ni

33.0ft, 0.52% Cu, 0.66% Ni

9.7ft, 0.59% Cu, 0.30% Ni

40

Weese-Luella Property

Important Historic Drill Section with Intercepts

•Strong Management Team with significant discovery

record with multiple discoveries worldwide…

•Key PGM Discoveries in Central Canada:

CURRENT LAKE DEPOSIT-Magma

1st Platinum-Rich PGE deposit found in Ontario

MAYVILLE PROPERTY-Mustang

Cu-Ni PGM deposit with Palladium dominant

•Over 15 years experience and success exploring for

PGE-rich resources

• Extensive strength and success in Corporate

Development , M&A, and Project Development…

41

Overview of Minfocus

Management Experience and Record

Gerald Harper, Ph.D., P.Eng.(Ont.), P.Geo.(Ont.),

President & CEO, Director; Geologist

(Co-Discoverer of Current Lake PGE Deposit Ontario-Magma Metals)

Kenneth de Graaf, M.A.Sc.(Met. Eng.)

Senior Vice President, Director, Chemical/Metallurgical Engineer

(Co-Discoverer of the Gatsuurt Gold Deposit-Centerra Gold, Mongolia)

Gavin Cooper, B.Comm, C.A.

Chief Financial Officer

Graham Wilson, Ph.D., P.Geo.(Ont.)

Director, Geologist

(Co-Discoverer of Current Lake PGE Deposit Ontario-Magma Metals)

Roger Walsh, B.Bus. (former C.A.)

Director

(Recent VP Corporate Development, Aurizon Mines Ltd; Jinshan Gold Mines;

Ivanhoe Mines Ltd.)

Mark Selby, B.Comm (Honours)

Director

(Senior Vice President, Royal Nickel Corp.; Inco – Strategic Planning &

Corporate Development)

Management and Directors

42

Work Program on Nipigon Reefs $1,191,000

Work Program on Weese-Luella $ 172,200

Other Properties $ 130,600

Remaining Transaction Costs $ 30,000

General and Administrative $ 480,000

Unallocated Working Capital $ 210,000

Total Available Funds $2,214,000

Gross Proceeds from Private Placement: $1,863,750 January 20, 2012 Closing of Qualifying Transaction

6,953,000 Units @ $0.25 per Unit

418,334 Flow-Through Shares @ $0.30 per FT Share

Use of Proceeds

43

44

GERALD HARPER Ph D, P.Eng., P.Geo. President and CEO, Director Discoveries: Current Lake Cu Ni PGE, Mayville Cu Ni PGE, Gurvanbulag U Dev. And Ops: Gurvanbulag U, Windy Craggy Cu Co Public companies: BRINCO Falconbridge Nickel Mines Geddes Resources Khan Resources Mustang Minerals Northgate Exploration NWM Mining Corp. Orofino Resources Western Prospector Group M&A CNNC – Western Prospector ABM Mining United Gold Corp

Management Profiles

45

KENNETH DE GRAAF M.A.Sc. (Met.Eng.) Senior Vice President, Director Discoveries: Gurvanbulag U Gatsuurt Au Dev. And Ops: Gurvanbulag U Gatsuurt Au Bakyrchik Au Public companies: Western Prospector Group Khan Resources Ltd M&A Western Prospector Group-CNNC Western Prospector Group-Khan Resources Cascadia Endeavours-BHP Billiton Cascadia Mining Corp-Cameco Gold

Management Profiles

46

Management Profiles

GRAHAM C WILSON Ph.D., P.Geo. Director Discoveries: Current Lake Cu Ni PGE Min and Met: Multiple studies for many clients

GAVIN COOPER C.A. Chief Financial Officer Public companies: Nevaro Capital Corp. Nevado Geothermal Power Pinestar Gold Inc. VRB Power Systems M&A Nevaro Capital Corp.

47

ROGER WALSH B.Bus (former C.A.) Director Dev. And Ops: Aurizon Mines Ltd. Jinshan Gold Mines Ivanhoe Mines Ltd. Public companies: Aurizon Mines Ltd. Jinshan Gold Mines Ivanhoe Mines Ltd. M&A Aurizon Mines Ltd. Jinshan Gold Mines Ltd. Ivanhoe Mines Ltd. Geographe Corporate Advisory Investment Bank Elders Finance Group CIBC Australia

Management Profiles

48

MARK SELBY B.Comm. (Honours) Director Dev. And Ops: Royal Nickel Quadra FNX Mining INCO Public companies: Royal Nickel Quadra FNX Mining Kiska Metals Rimfire Minerals Castle Gold M&A Quadra FNX Mining Pembroke Capital Royal Nickel INCO Kiska Metals Rimfire Minerals Castle Gold

Management Profiles

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