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Mario Caron, President & CEO Aldridge Minerals Inc. TSX-V: AGM July 2012
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LOCATION Y E N I P A Z A R
TURKEY IS EMERGING AS A MAJOR MINING AREA
YENIPAZAR Ankara
Istanbul
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ÇÖPLER
KIŞLADAĞ
ÇAYELI
TURKEY AT A GLANCE § 2nd fastest growing GDP behind China § FDI: 13th in the world
§ 2011: US$16 billion § Q1 2012: US$4.6 billion
§ Europe’s leading gold producer § Upgraded to Ba1 by Moody’s (June 20)
§ Significant improvement in public finances § Government incenQves to boost investment
§ Western mining code
Y E N I P A Z A R
10TH LARGEST ECONOMY BY 2023
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OUR CORE FOCUS
§ Polymetallic project in Turkey § 100 Km2 land package § 400+ drill holes completed § MineralizaQon near surface § 3 new mineralized outcrops
* Geological Survey of Canada
Y E N I P A Z A R
WELL-DEFINED WITH UPSIDE POTENTIAL
PERCENTILE BY SIZE*
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90th
LOCATION – AERIAL VIEW Y E N I P A Z A R
NEW OUTCROPS
1.7 km strike DEPOSIT
EGLENCE VILLAGE
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SITE PLAN
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UPDATED RESOURCE ESTIMATE*
• Growth based on Resource Estimate Published with Preliminary Economic Assessment in Dec. 20 2010.
• See press release dated June 13, 2012 for full details and cautionary language.
Y E N I P A Z A R
CATEGORY TONNES GOLD G/T SILVER G/T COPPER % LEAD % ZINC %
Indicated 26,684,000 1.04 31.3 0.30 1.04 1.40
Inferred 1,159,000 0.48 27.7 0.22 1.00 1.95
43-101 RESOURCE ESTIMATE - JUNE 2012
§ Indicated category resources increased 9.9% § Inferred category resources increased 432%
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CONTAINED METAL*
*See June 13, 2012 press release for full details and cautionary language.
Y E N I P A Z A R
CATEGORY GOLD (M OZ)
SILVER (M OZ)
COPPER (M LBS)
LEAD (M LBS)
ZINC (M LBS)
GOLD EQUIVALENT
(M OZ)
Indicated 0.89 26.85 176.5 611.8 823.6 2.62
Inferred 0.02 1.03 5.6 25.6 49.8 0.09
43-101 RESOURCE ESTIMATE - JUNE 2012
§ Gold equivalent grade is 3.05 g/t (Indicated)
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INCREASING RECOVERIES
§ Metallurgical tesQng completed by G&T
§ SGS UK now responsible for all metallurgical tesQng
§ Gravity concentraQon prior to flotaQon produces higher recoveries
HIGH GRADES & RECOVERIES GENERATE MORE CASH FLOW
NEW AU RECOVERY RATE
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92%
IMPROVING RATE OF RECOVERIES*
* Improved rates based compared to Preliminary Economic Assessment published in Dec. 20 2010. See June 13, 2012 press release for full details and cautionary language.
Y E N I P A Z A R
METAL TOTAL RECOVERY
GOLD GRAVITY CONCENTRATE
COPPER CONCENTRATE
LEAD CONCENTRATE
ZINC CONCENTRATE
Au 92% 65% 20% 5% 2%
Ag 90% 10% 10% 65% 5%
Cu 75% 75%
Pb 75% 75%
Zn 77% 77%
BASED ON 43-101 RESOURCE ESTIMATE - JUNE 2012 NEW FLOWSHEET IN DEVELOPMENT
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DEVELOPING VALUE
2010* 2012 % Increase
Mine Throughput 5,700 tpd 7,500 tpd 32%
Gold Recoveries 36.8% 92%** 150%
3 Year Trailing Metal Prices:
Au $1,007 $1,340 33%
Ag $16.19 $25 54%
Cu $2.95 $3.50 19%
Pb $0.90 $1.00 11%
Zn $0.86 $0.95 10%
* Based on Preliminary Economic Assessment announced Dec. 20, 2010. **Based on metallurgical testing carried out by SGS UK. See June 13, 2012 press release.
PROGRESS BY ORDERS OF MAGNITUDE
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IMPACT OF PROGRESS
GENERATES HIGHER CASH FLOW
INCREASE IN MINE THROUGHPUT
INCREASE IN GOLD RECOVERIES
AVG INCREASE IN AU AND AG PRICES
+150%
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+32% +44%
§ Improve grade § Expand resource base
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• Improve the Grade • Expand the Resource
§ Twin drilling program completed 2011 § Holes 5 meters apart § Results:
§ 49% more gold § 42% more silver § 9% more copper § 11% more lead § 14% more zinc
IMPROVING GRADE – DIAMOND DRILL PROGRAM
RESULTS PAVE WAY FOR GRADE IMPROVEMENT
HIGHER GOLD GRADE
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49%
EXPANDING RESOURCE
§ Three new mineralized outcrops idenQfied
§ High grade intersecQons from geotechnical drilling adjacent to scheduled pit area
PROVIDES BLUE SKY POTENTIAL
FROM MAIN MINERAL ZONE
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<2km
STRATEGIC LOCAL PARTNER
§ ANT Holding Anonim § Private holding company with interests in media, engineering, construcQon
§ $11.2 million investment § Strong relaQonships with local banking & government contacts
ACCELERATES PATH TO DEVELOPMENT STAGE
OWNERSHIP OF ALDRIDGE
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30%
EXPERIENCED BOARD & MANAGEMENT
BOARD § Barry Hildred, Chairman § Daniella Dimitrov § John F. Cook § Ed Guimaraes § Ahmet Tacyildiz § Hande Tacyildiz § Meric Oktar
MANAGEMENT § Mario Caron,
President & CEO & Director § Dr. MarQn Oczlon,
VP Explora6on & Director § Robbert Borst,
VP Project Development § Jim O’Neill, CFO § Serdar Akca, Country Manager § David Carew, Corp. Secretary
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CAPITAL STRUCTURE*
CLEAN CAPITAL STRUCTURE AND STRONG BALANCE SHEET * As at July 2012
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Shares Outstanding: 53.1 million
Fully diluted: 62.4 million
Director/Insider ownership: ~36%
52 week range: $0.42 -‐ $1.02
Recent price: $0.56
Market Cap: $29.7 million
Top insQtuQonal holders: US Global, Colonial Libra, Sprop, Creststreet
Analyst coverage:
Paradigm Capital Clarus SecuriQes Union SecuriQes Mackie Research
PROJECT CONSULTANTS § Jacobs Minerals Canada
§ Overseeing & coordinaQng feasibility study § P&E Mining
§ Resource update and mine plan/design § Golder Associates
§ Geotechnical studies § SGS UK
§ Metallurgical test work § SRK Turkey
§ Preparing ESIA study, compleQng hydrological test work
WORKING TOWARDS FEASIBILITY STUDY
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Q2 2012 Q3 2012 Q4 2012 Q1 2013
Task Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar.
Feasibility Study & 43-‐101
Enviromental Impact Assessment
Diamond Twinning
Mine Design/ Resource Modeling
ExploraQon Drilling (DiscreQonary)
Resource EsQmate
UPCOMING CATALYSTS
FULLY FUNDED TO FEASIBILITY STUDY
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INVESTMENT SUMMARY
§ Advancing towards development stage § Polymetallic project with robust economics § Located in safe, mining friendly jurisdicQon § Experienced management team § Strategic local partner – ANT Holding § Resource, grade and and recovery improvements
§ Catalysts for value creaQon PROGRESS BY ORDERS OF MAGNITUDE
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ROBUST ECONOMICS*
§ Net Present Value $209 Million § Internal rate of return 23.2% § Discount rate 7% § Strip raQo** 4.5:1 § Throughput 5,700 t/d § Life of Mine 12 years § CAPEX $198 million § Project payback 3.9 years § LOM average cost $29.65/t
* Based on Preliminary Economic Assessment announced Dec. 20 2010. ** Includes pre-‐stripping
Y E N I P A Z A R
BASE CASE SCENARIO (PEA) – DECEMBER 2010
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OUTLINE OF THE PROCESS FLOWSHEET
Crushing Tail
Grinding and ClassificaQon
GRG Circuit FlotaQon
Cu FlotaQon
Pb FlotaQon
Zn FlotaQon
• Removes mica and clays • Increases grade of the flotaQon feed
• Reduces the mass to grinding circuit (40% mass rejected)
Pre-‐Gravity ConcentraQon
• Recovers liberated gold parQcles
• Produces Gold Doré
Gold Leaching
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COMPARABLES
Source: Clarus SecuriQes, company filings. Stated as at June 13, 2012.
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Market Adj Mkt Resource AMC / Resource Company Loca[on Project Name Ticker Cap Cap M&I M,I&I M&I M,I&I ($M) ($M) (M oz) (M oz) ($/oz) ($/oz)
Ampella Mining Limited Burkina Faso BaQe West ASX:AMX $169 $152 1.5 3.1 $102 $50 Aureus Mining Inc. West Africa New Liberty TSX:AUE $101 $77 0.8 1.5 $102 $51 Avion Gold CorporaQon West Africa Segala TSX:AVR $239 $241 0.2 2.2 nmf $112 Azumah Resources Ltd Ghana Wa ASX:AZM $65 $47 1.0 1.7 $46 $28 Chesser Resources Limited Turkey Kestanelik ASX:CHZ $46 $42 -‐ 0.5 -‐ $84 Dalradian Resources N. Ireland Curraghinalt TSX:DNA $89 $53 0.5 2.7 $113 $20 Eastmain Resources Inc. Quebec Clearwater TSX:ER $81 $69 0.9 1.9 $77 $36 Eco Oro Minerals Corp Colombia Angostura TSX:EOM $170 $130 1.4 4.8 $90 $27 Gryphon Minerals Ltd. West Africa Banfora ASX:GRY $261 $178 -‐ 2.0 -‐ $89 Guyana Goldfields Inc. Guyana Aurora TSX:GUY $216 $185 5.7 6.9 $32 $27 Klondex Mines Ltd. Nevada Fire Creek TSX:KDX $80 $77 1.6 2.1 $47 $36 Midas Gold Corp. Idaho Golden Meadows TSX:MAX $383 $326 2.1 5.8 $157 $56 Noble Mineral Resources Ltd. Ghana Bibiani ASX:NMG $162 $195 0.6 2.0 $333 $98 Northern Gold Mining Inc. Ontario Garrison TSXV:NGM $35 $29 0.8 1.5 $37 $20 Oromin ExploraQons Ltd. Senegal Sabodala TSX:OLE $89 $85 1.4 1.6 $59 $52 PMI Gold CorporaQon Ghana Obatan TSXV:PMV $225 $183 3.5 4.9 $53 $38 Premier Gold Mines Ontario Red Lake TSX:PG $650 $581 2.5 3.6 $232 $161 Prodigy Gold Inc. Ontario Magino TSXV:PDG $179 $120 2.2 3.9 $55 $31 Queenston Mining Inc. Ontario Kirkland Lake TSX:QMI $330 $254 1.5 3.5 $173 $72 Rainy River Resources Ltd. Ontario Rainy River TSX:RR $371 $280 5.7 8.0 $49 $35 Romarco Minerals Inc. Haile South Carolina TSX:R $351 $251 1.1 4.2 $228 $60
Average $204 $169 1.7 3.3 $110 $56
Aldridge Minerals (Au only) Turkey Yenipazar TSXV:AGM $30 $20 0.9 0.9 $22 $22 Aldridge Minerals (AuEq) Turkey Yenipazar TSXV:AGM $30 $20 2.6 2.7 $8 $7
LONGITUDINAL SECTION
Large fault zone. Mineralizationre-appears on surface700 m NE (into plane of view)
SIMPLIFIED LONGITUDINAL SECTION OF THE YENIPAZAR Au-Ag-Cu-Pb-ZnMETAMORPHOSED VMS-DEPOSIT, CENTRAL TURKEY
N S
Neogene cover - Marly clay, occasionally sandy. Calcrete layer on top.Well mineralized zone. Subeconomic background mineralization extends around and between these zonesSchist halo (meta-sediments/tuffites)Gneiss (intermediate to acidic meta-volcanics) - intercalating schist probably due to low-angle thrustingBoundary of oxide zone
1150 m
1050 m
950 m
850 m0 m 200 m 400 m 600 m 800 m 1000 m 1200 m 1400 m 1600 m 1800 m 2000 m
YPD-40
YPD-8
YPD-9
YPD-22
YPD-11YPD-31
YPD-16
YP-188
ES-2
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AGREEMENT WITH ALACER
§ Agreement with Alacer Gold to earn 100 % interest
§ Remaining deliverable is the DefiniQve Feasibility Study by December 2012
§ Alacer retains 6 % net proceeds interest (revenue minus operaQonal cost) unQl a total revenue of US$ 165M, 10% thereaser
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DISCLAIMER This presentaQon is for informaQon purposes only and does not consQtute an offer to sell or a solicitaQon to buy the securiQes referred to herein. This document includes forward looking statements. Forward looking statements inherently involve subjecQve judgment and analysis and are subject to significant uncertainQes, risks and conQngencies, many of which are outside of the control of, and may be unknown to, the company. Actual results and developments may vary materially from those expressed in these materials. The types of uncertainQes which are relevant to the company may include, but are not limited to, commodity prices, unpredictable results of exploraQon, uncertainQes inherent in the esQmaQon of mineral resources, fluctuaQons in the costs of goods and services, problems associated with exploraQon and mining operaQons, poliQcal uncertainty, changes to the regulatory framework which applies to the business of the company and general economic condiQons. Given these uncertainQes, readers are cauQoned not to place undue reliance on such forward looking statements
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Forward looking statements in these materials speak only at the date of issue. Subject to any conQnuing obligaQons under applicable law or any relevant stock exchange lisQng rules, the company does not in providing this informaQon undertake any obligaQon to publicly update or revise any of the forward looking statements or any change in events, condiQons or circumstances on which any such statement is based. A feasibility study has not been completed for any project discussed in this presenta[on and there is no certainty the disclosed targets will be reached nor that the proposed opera[ons will be economically viable. Dr. Mar[n Oczlon, VP Explora[on is a qualified person under NI 43-‐101, and has reviewed and approved the technical disclosure contained in this presenta[on.