+ All Categories
Home > Documents > Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu...

Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu...

Date post: 12-Aug-2020
Category:
Upload: others
View: 7 times
Download: 0 times
Share this document with a friend
27
Pacific Precious Hunting for Gold in Elephant Country
Transcript
Page 1: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Pacific PreciousHunting for Gold in Elephant Country

Page 2: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

We are in the mineral exploration and development business. It is inherently risky, and all potential investors should be keenly aware of this.

This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that Pacific Precious Inc. believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the estimation of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Pacific Precious Inc. ability to control or predict, that may cause the actual results of the project to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with Pacific Precious Inc.’s expectations, changes in world gold markets and other risks disclosed to the Canadian provincial securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Pacific Precious Inc. disclaim any intent or obligation to update any forward-looking statement.

All currency numbers are in $CAD unless otherwise stated.

Forward Looking Statements

2

Page 3: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Papua New Guinea is Elephant Country

Ok Tedi13.2 Moz

Frieda River21.2 Moz

Porgera11.5 Moz

Mt Kare2.1 Moz

Yandera1.8 Moz

Kainantu2.4 Moz

Wafi-Golpu26.8 Moz

Hidden Valley4.1 Moz

Kodu2.7 Moz

Simberi3.7 Moz

Lihir52.0 Moz

Woodlark Island1.6 Moz

Kuta Ridge

Grasberg97.3 Moz

Papuan Mobile Belt

Primary Copper Mine

Primary Gold Mine

Ertsberg5 Moz

3

Page 4: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

WORLD CLASS NEIGHBOURS

Pacific Precious

Anglo American

Anglo American

Harmony Gold

Harmony Gold

B2Gold

Highlands Pacific

K92 Mining

Harmony Gold

Rio Tinto

Newcrest

Barrick Gold

4

Page 5: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

• Pacific Precious has 100% interest in the Kuta Ridge Gold

• No royalties

• 4km from Mount Hagen, capital of Western Highlands, Papua New Guinea

• High grade gold mineralization on surface and in float found in streams

• Up to 238.0 gpt gold from recent sampling• Veins on surface, history of artisanal mining

• Excellent road access and infrastructure in place, along with a supportive local community

• Kuta Ridge is virtually DRILL READY

Kuta Ridge Gold Project

Kuta Ridge Property

Mount Hagen

Mount HagenAirport

8,900 Hectares

8 km

0 2.5 5 km 5

Page 6: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Kuta Ridge Geology

0 2.5 5 km

N

• Kuta Ridge hosts an intermediate to high sulfidation epithermal mineralization system

• Gold enriched corridor shows high grade mineralization and is encompassed by north/south fault structures on the hanging wall block of the Kuta Transfer Fault

• Mineralization same age as Barrick’s Porgera Mine (11.5 Moz), also same style epithermal deposit

• Geology style provides for massive upside—often times multi-million ounce ‘elephants’: Yanacocha, Peru (13.6 Moz). Fault

North/South FaultStructures

Gold enriched corridor

Gold enriched corridor6

Page 7: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Epithermal Deposits in PNG

• Lihir (Newcrest Mining) - Producing• Resources + Reserves: 52 Moz at 2.3 gpt• Annual production: >900 Koz at 2.7 gpt

• Porgera (Barrick Gold/Zijin Mining) - Producing• Resources & Reserves: 11.5 Moz at 4.5 gpt • Annual production: >450 Koz at 3.0 gpt

• Hidden Valley (Harmony Gold) – Producing• Resources & Reserves: 4.1 Moz at 1.4 gpt• Annual Production: >90 Koz at 1.5 gpt

• Simberi (St Barbara Ltd) – Producing• Resources & Reserves: 3.7 Moz at 1.6 gpt• Annual Production: >130 Koz at 1.3 gpt

• Wafi-Golpu (Harmony Gold) - Feasibility• Resources & Reserves: 26.8 Moz at 0.8 gpt• Estimated annual production: 266 Koz

7

Page 8: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Kuta Ridge interpreted as an intermediate/ high sulphidation epithermal gold deposit

Epithermal Deposits are:

• Rich in sulphides and are apart of a larger porphyry system

• Less capital intensive than porphyry deposits, given higher grades and proximity to surface

• Mined depths of high-grade gold and copper deposits between 150 – 500 m below surface

Epithermal Deposit Model in PNG

Volcanic rocks

Porphyry Intrustion

0km

5km

High-sulphidation Au-Ag

Simplified Mineral Deposit Model

Intermediate-sulfidation Au-Ag

8

Page 9: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Sampling Program at Kuta Ridge

31.6 gpt gold

43.5 gpt gold

238.0 gpt gold, 48 gpt silver

14.8 gpt gold

18.9 gpt gold

14.3 gpt gold3.5 gpt gold

25.5 gpt gold29.9 gpt gold

13.4 gpt gold

• 2018 sampling program yielded high grade assays, up to 238 gpt gold (7.6 oz. Au/ tonne)

• Samples collected along North-South fault structures thought to host the epithermal mineralization

• Sampling program supports existence of a Gold-enriched corridor

7.0 gpt goldGold Enriched Corridor

Sample Location

North/South Faults

5.3 gpt gold

41.0 gpt gold

2.05 gpt gold

Gold Enriched Corridor 9

Page 10: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Native Gold – Gold Enriched Corridor

Native Gold Mineralized Quartz-Adularia Vein

10

Page 11: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Oxidized Quartz-Sulphide Veins

Mineralized Sulphides

Gold in arsenides (i.e. enargite)

11

Page 12: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Veins Appear Right at Surface

12

Page 13: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Artisanal Mining on Gold Enriched Corridor

Artisanal miners currently still panning for gold along the Gold Enriched Corridor

13

Page 14: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

• “Back of Envelope” estimated alluvial gold production from gold-enriched corridor of over 150,000 ounces (70 hectares x 3 m thick at 1.5 gpt gold) between 1932 – 1949 (official estimate is 3,000 ounces)

• Small scale artisanal mining currently occurring along the gold enriched corridor

Historical Alluvial Gold Production

Abandoned alluvial workingsfrom larger scale alluvial miningbetween 1932-1949

Abandoned Reservoir

North/South Faults

800m

Gold enriched corridor

Gold Enriched CorridorCurrent AlluvialWorkings

14

Page 15: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

History of Kuta Ridge

1932 - 1949

Alluvial gold production,Artisanal mining

1985

Anaconda AustraliaSamples returned up to

55.8 gpt gold

1987 - 1988

PiconDrilled 4 holes. Intersected

66.0 gpt gold over 0.3m

1991 - 1993

Kennecott AustraliaRegional reconnaissance,

and detailed mapping.

Koiti Mel invited to sample

property in 2013—values

up to 43.5 gpt gold

2016

Expiration of Previous

Mineral License.

Application of new license

by Pacific Precious

2017 –Present

Sample collection with values

up to 238.0 gpt gold

Pacific Precious

1994 - 2016

Leahy Family

15

Page 16: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

• Charles Beaudry, Vice President of Exploration at Orefinders Resources has experience in Papua New Guinea, working as a geologist at Frieda River for 2 years (21.2 Moz)

• Charles established strong relationships with experienced, local geologists: Koiti Mel, Thomas Dott—both very well known and reputed in Papua New Guinea

• Leahy Family license expired in 2016, and with Koiti and Thomas already on site, applied for a new license within short notice, and were awarded in 2017

• Koiti Mel and Thomas Dott are KEY in managing local stakeholders given their experience in the country

Acquisition of Kuta Ridge

16

Page 17: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

The Opportunity

• Hunting mega deposits in proven, gold-rich Papua New Guinea• Targets are very well defined

• Orefinders getting in at excellent valuation

Upside for Orefinders & its Shareholders

• Same model as Power Ore spin-off: creating value and opportunity for shareholders and for Orefinders balance sheet• Orefinders shareholders will receive Pacific Precious shares as a defacto dividend

• Orefinders will own shares in Pacific Precious and will bolster its treasury

Upside for Orefinders Shareholders

17

Page 18: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Orefinders Share Swap with Pacific Precious

• 10,000,000 ORX shares @ 5 cents → 10,000,000 Pacific Precious Shares @ 5 cents

• Orefinders will own 30% of Pacific Precious

Shares Outstanding

• Orefinders Resources: 109,943,656

• Pacific Precious: 25,000,000

Private Placement of up to $400,000 into Pacific Precious

Capital Structure

18

Page 19: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

• Resources contributes over 26% of GDP & 84% of export revenue

• PNG is size of California (463,000 km2) located 150km north of Australia

• Population of 7.3 million, with English an official language

• Legal system is based on British Common Law

• Stakeholder and community relations are key factors

• All mines that adhere to responsible mining are operating free of government interference

Mining in PNG

1 As of 201619

Page 20: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Many successful, long life operations in Papua New Guinea:

• Porgera (Barrick): producing since 1990

• Lihir (Newcrest): producing since 1997

• Simberi (St. Barbara Ltd.): producing since 2008

• Hidden Valley (Harmony Gold): producing since 2010

• Kainantu (K92 Mining): producing since 2018

Successful Mining Operations in PNG

20

Page 21: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

• Complete seed round financing

• Publish NI 43-101 Report for Kuta Ridge’s Property of Merit Status

• Complete the Going Public Process with a listing on the TSX Venture

• On Going Exploration and Drill Programs

Next Steps for Pacific Precious

21

Page 22: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Listing11-1-19

Mar 1, 2019 Mar 31, 2019 Apr 30, 2019 May 30, 2019 Jun 29, 2019 Jul 29, 2019 Aug 28, 2019 Sep 27, 2019 Oct 27, 2019 Nov 26, 2019 Dec 26, 2019 Jan 25, 2020 Feb 24, 2020 Mar 25, 2020

Financing

Trenching and Sampling

Analytical Results

NI-43-101 Report

Independent Fair Valuation

Audit of Kuta and Kraip

Listing Application

Financing

Drone Geophysics

Trenching and Sampling

Diamond Drilling (2,000m)

Analytical Results

Ph

ase

1P

ha

se

2

Schedule of Work

22

Page 23: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

• Phase 1• Field Expenditures (3 months) C$280,000

• Trenching, sampling, assays,

soil sampling, government fees

• Technical Reports C$ 35,000• NI43-101, Fair Valuation

• Audits and Listing Costs C$ 50,000

• Contingency 10% C$ 35,000

Total C$400,000

Use of Proceeds

23

Page 24: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Contact

Stephen Stewart

[email protected]

416.644.1567

www.pacificprecious.com

Contact Us

24

Page 25: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Appendix

25

Page 26: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Access and Infrastructure

The Kuta Ridge property can be accessed easily by road from Mount Hagen

26

Page 27: Pacific Precious · Porgera 11.5 Moz Mt Kare 2.1 Moz Yandera 1.8 Moz Kainantu 2.4 Moz Wafi-Golpu 26.8 Moz Hidden Valley 4.1 Moz Kodu 2.7 Moz Simberi 3.7 Moz Lihir 52.0 Moz Woodlark

Location of Mineralization at Kuta Ridge

Outcropping Oxidized Sulphides (up to 19 gpt Gold)

Sampling along the gold enriched corridor (up to 30 gpt Gold)

27


Recommended