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Verde Resources Inc.
A Fresh Approach to Porphyry Exploration in South America
Corporate Presentation
December 2010
2Verde Resources Inc.
Disclaimer
This presentation IS CONFIDENTIAL and contains certain "forward-looking statements", including but not limited to, the statements regarding the Company’s overall objectives and strategic plans, future commercial production, project targets, timetables, operating costs, capital expenditures, work programs, exploration budgets and targets, mineral reserve and resource estimates and outlook, and safety and sustainability initiatives. Forward-looking statements express, as at the date of this presentation, the Company’s plans, estimates, forecasts, projections, expectations or beliefs as to future events or results. Forward-looking statements involve a number of risks and uncertainties, many of which are beyond the Company’s control, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results of future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks and hazards, uncertainty as to estimation of mineral reserves and resources, requirements of additional financing risk, risks of delays in construction, production or obtaining permits and other risks. The reader is cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any forward-looking statement that is contained in this presentation.
3Verde Resources Inc.
Global Copper Demand
Copper Demand• Copper demand ≡ long term
growth trends in construction and technology consumption
• China is building 10 “New York” Cities by 2025
Copper Supply• 30% of producing mines > 50
years old• 70% of producing mines > 20
years old• New projects take 5-8 years to
become production ready• Majors have scaled back
exploration in response to economic conditions
4Verde Resources Inc.
Overview of Verde
• Privately owned Canadian corporation
• Focused on exploration-development stage copper projects at the steeper part of the value curve in Peru & Chile
• Internationally experienced management team of mine finders, developers and financiers with > 50 years collective work experience in Latin America
• Exploration offices in Chile & Peru
• Trajectory: >0.5bn tonnes @ >0.5% Cu in Chile and/or Peru by 2014
China’s Demand Drives Copper
5Verde Resources Inc.
Experienced and Driven Board
DirectorsJohn Gray, President & CEO & Director (Based in Chile)
– Principal role raising $20M as former CEO African Aura Resources (TSXV-AAM)– Founder: Basti Resources (Spanish gold) & Northern Minerals (Swedish base
metals)– 20 years exploration in Americas-Africa-Europe with Homestake/Noranda/Rayrock
César López, Director– Principal role in raising $35M as VP Business Development AQM Inc (TSXV)– Founder: Centenario Copper Corp (TSX:CCT)– Partner in Lopez Ashton providing legal counsel & financial services– Master of International Law (LL.M) from Golden Gate University
John-Mark Staude, Founder & Director– Founder & CEO: Riverside Resources (TSXV-RRI) – 20 years of exploration experience with Magma Copper, BHPB, Teck, RTZ– Principal role in raising $20M
Darren Klinck, Founder & Director– Principal role in raising $225M for Au & Cu projects in Mexico and Australasia – VP, Corporate & Investor Relations Oceana Gold Corp (TSX-OGC)
6Verde Resources Inc.
Experienced and Driven Management
Exploration Team
Artemio Chirre, Chief Geologist (Peru)– Based in Peru; broad experience of Peruvian geology– 15 years experience of regional and project specific exploration of
porphyry & skarn type copper, and epithermal precious metal deposits at Tintaya, Las Bambas, Yanacocha & Antamina deposits, and Ancash, Tacna, Apurimac, Ica & Cajamarca areas
– Project experience with Anglogold Ashanti, BHP Billiton, Buenaventura & Hochschild
Ron Luethe, Advisor & In-country Geologist– Based in Chile– > 25 years Exploration and Senior Manager for Xstrata, BHPB, Phelps Dodge, Magma Copper– Expert on Peruvian, Argentine & Chilean copper deposits
7Verde Resources Inc.
Company Structure
Verde Resources (Can) LtdBVI Co
Verde Resources Inc
Registered in Canada
Verde Resources (Lima) LtdBVI Co
Verde Resources (Santiago) Ltd
BVI Co
Minera Verde Resources Chile Ltda
Verde Resources SAC(Peruvian Co)
8Verde Resources Inc.
A Systematic Approach
Leverage management’s South American knowledge to
generate deal flow• Stake senior geologists’ target concepts in Chile• Stake senior geologists’ target concepts in Peru• Use Senior corporate management networks to do
deals• Prioritize targets around known world class systems
with potential for >500Mt @ > 0.5% Cu• Ground check – consolidate land position / acquire
property – explore – delineate
9Verde Resources Inc.
Objectives & Tentative Timetable
September (start) – November 2010• Seed financing rounds completed• Peruvian & Chilean subsidiaries
established• Advisory board formed• Project identification/evaluation
(ongoing)By January 2011• Pre-IPO financing for sophisticated
investors• First projects signed up• Field work commenced on two projects
Target March 2011• IPO on TSX-V
10Verde Resources Inc.
Current Financing Round
Private, pre IPO Round for up to X million shares @ Y/share• Insiders are participating• Open to select individuals by invitation only• Opportunity to participate at ground level ahead of IPO
Use of Funds over next 12 months• Exploration work $1,500,000• IPO $ 350,000• Travel, project evaluation and acquisition
$250,000• Building out management & exploration team $250,000• General working capital purposes $150,000• Total Proceeds $2,500,000
11Verde Resources Inc.
Porphyry Gold, Maricunga, Chile
X project• On trend with Esperanza (Kinross –
Au/Ag), Tinajas (Au), Geronimo, (Au), El Hueso (Au) and Potrerillos (Cu)
• Best RC drilled grades from 3 holes:126m @ 0.44g/t Au4m @ 0.40g/t Au12m @ 0.51g/t Au
• Best outcrop grab sample: 7g/t Au
12Verde Resources Inc.
Porphyry Copper, Central Chile
Y project• Same district as world class
ElTeniente
• Abundant Cu oxides at surface
• Surface grab samples grade0.29-1.0% Cu0.12-0.15g/t Au
13Verde Resources Inc.
Porphyry Copper & Skarn, South Peru
SkarnCopper
Porphyry
Porphyry
2.5 Km
Los Chancas,Antilla, Trapiche,ZZZ
355Mt @ 0.62% Cu,154 Mt @ 0.47%Cu, (Early stage),(Early stage)
Grupo Mexico,Panoro,Buenaventura,Verde Resources
Z project• High grade skarn and porphyry drill targets identified• Open in all directions – potential for 200+Mt @ 1+% Cu• Supportive local community• Last mined in the 1980’s• Drill access already built
Other projects in the Yauri-Andahuaylas belt
14Verde Resources Inc.
Porphyry Copper Target, N Central Chile
Carolina project• Exposed porphyry copper adjacent to Chile’s top 10 open pit Cu mines• Drill targets outlined• Supergene chalcocite and malachite copper already identified• Local property owners working with Verde to generate copper targets• Exceptional option terms
Similar target area near carolina
15Verde Resources Inc.
I
II
Porphyry Copper – Generative, Peru
Artemio Chirre• Shareholder• 15 years local porphyry and skarn experience• Minimal budget generating high value targets• Prospecting 2 main belts• Projects accessible by drivable tracks• Projects near to Pacific coast
Coastal BatholithPorphyry Belt
Yauri–Andahuaylas Batholith:Skarn & Pophyry Belt
16Verde Resources Inc.
Deliverables
Delivered from Last Financing• CEO installed in Chile to kick start South American operations• Senior Peruvian geologist engaged• Technical Advisory Board elected and invested• Peruvian Porphyry copper project signed• LOI with owner of Porphyry copper and gold projects in Chile• IPO lead counsel appointedDeliverables from Current Financing• Property acquisitions in Chile and Peru• Hire senior technical staff hired in Chile• Implement preliminary exploration programmes in Peru & Chile• Appoint Chief Financial Officer• Pre IPO financing• Target IPO for Q2 2011
Verde Resources Inc.
A Fresh Approach to Porphyry Exploration in South America
Contact us:
John Gray, President & [email protected]+56 (9) 9577 5307 (Chile)
John-Mark Staude, Director Darren Klinck, [email protected]@verdecopper.com+1 604 338 7742 (Canada) +61 420 981 119 (Australia)
www.verdecopper.com