Reservoir Minerals
April 2012
Discoveries & Opportunities in Europe & Africa
This presentation contains forward-looking statements and factual information that are current as of
the date the presentation was originally delivered. Balkan Exploration and Mining D.o.o. and its parent
Reservoir Minerals Inc., disclaim any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Forward-looking statements include, but are not limited to, statements with respect to the timing and
amount of estimated future exploration, success of exploration activities, expenditures, permitting, and
requirements for additional capital and access to data.
Forward looking statements involve known and unknown risks, uncertainties, and other factors which
may cause the actual results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by the forward looking
statements. Such factors include, among others, risks related to actual results of current exploration
activities; changes in project parameters as plans continue to be refined; the ability to enter into joint
ventures or to acquire or dispose of properties; future prices of mineral resources; accidents, labor
disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining
governmental approvals of financing.
Forward Looking Statements
2 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Reservoir Minerals is a mineral exploration and project generator, our business is focused on….
Maximizing exploration and development opportunities for company making discoveries and development projects.
Building shareholder value while managing downside risks.
• Multiple plays in a portfolio increase the odds of discovery and project success.
• Diversity in metals, geography and project stage reduces portfolio risk.
• Downside risk management and capital preservation achieved through partnerships. Partners fund exploration development after Reservoir has created the initial value.
Summary
3 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Simon Ingram (Director, President & CEO) – 20 years in exploration and mining project development globally. Founding director of Reservoir Capital. PhD in Mineral Resource Evaluation Cardiff University.
Christopher MacIntyre (VP Corporate Development) – 5 years in public markets and the natural resource sector. Graduate in Commerce from the Queen's School of Business at Queen's University (Canada).
Christina Cepeliauskas (CFO) – Certified General Accountant with more than 15 years of financial accounting and treasury experience in the mineral exploration and mining industry. CFO of Eurasian Minerals Inc. and Reservoir Capital Corp.
Aleksandar Obrenovic (VP Exploration) – 20 years in exploration and mining. Graduate of the University of Belgrade with a degree in Engineering and Economic Geology.
Geological team Serbia – (9 Geologists with 30 -3 years experience) Lajos Seke, Zoran Starcevic, Vojislav Mrdja, Miodrag Banjesevic, Zeljko Sofronijevic, Dusan Bjelotomic, Marko Krstic, Milos Momic.
Geological team W Africa – (2 Senior Geologists): Chris Spencer and Alain Lambert, both with over 30 years of international experience much with the BRGM.
Duncan Large (Advisor, Geologist and QP) – 30 years in exploration and mining globally. Royal School of Mines, London (M.Sc.) and the Technical University of Braunschweig (Ph.D.).
Management
4 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Miles Thompson – 25 years in exploration and mining globally. Ex-Manager Business Development for Gold Fields. Geology graduate of the University of Bristol (UK).
Michael Winn – 25 years in the natural resource sector and public markets. Geology graduate of the University of Southern California.
David Knox – 25 years Investment banking and commodity trading experience. Currently CEO of Firestone Energy, an ASX and JSE listed mining development company. Senior Executive Officer, BBY, (2008 to 2011). Head, Energy Group / Exco Resource Banking, Standard Bank (2000 to 2006).
Geoff Chater – 22 years in the mining industry. From 1999 to 2008, Mr. Chater held the position of Corporate Relations Manager for copper producer First Quantum Minerals Ltd. Geology graduate of Texas Christian University.
Miljana Vidovic – 15 years managing energy and minerals exploration businesses in Southeast Europe. Graduate of the University of Belgrade with a diploma in Economics (Serbia).
Directors
5 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Strong existing portfolio of diverse projects: Maximise value
• Additional Exploration of the current projects
• Mapping, trenching, geophysics, 3D modelling and targeting drilling, mineralogical and metallurgical test work
• Proof of concepts to generate advanced drill out targets
Seek additional JV partners / project investors
Expanding portfolio in Serbia and beyond to Romania and FYR Macedonia
• Leverage our strong local operational capability by developing new minerals opportunities in Serbia and regionally in Europe
Europe: Serbia
6 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Success through regional expertise and partnerships
Building new portfolios
• Applications for new exploration licences in West Africa.
• Identifying partnership opportunities for early stage and advanced projects. JV Cameroon.
• Opportunistic investments, distressed and undervalued assets
• Strong exploration team, Alain Lambert and Chris Spencer both with 30 years of exploration experience ex BRGM. Alan resident in West Africa.
Seek additional JV partners / project investors
• Partnerships after creating initial value steps. Initial exploration to identify drill ready targets or moving advanced projects to resources and reserves. Risk reward balance.
Africa
7 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
CDN$ 1.1m – Corporate: G&A
CDN$ 1.5-2m – Serbia / Europe: Exploration and project development
CDN$ 1-2m – Africa: Exploration portfolio development
• Licence application, Acquire Projects , JV.
• Exploration and Project development on specific projects
CDN$ 3.6-5.1m – Total allocated
CDN$ 3.1-4.9m – Available for future exploration and corporate activity
Budget 2012
8 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Corporate Structure (CDN$)
Equity Price Shares % Total Cash Raised
Basic total Shares 25,676,250 59.2% 9,794,508
Finders Shares 0.65 429,882 1.0% 0
Management Stock Options 0.65 2,025,000 4.7% 1,316,250
Warrants 0.90 15,206,032 35.1% 13,685,429
Total Fully Diluted 43,337,164 100.0% 24,796,187
9 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Trading range $0.35 – $0.80 Listed at $0.65 – November 2011
Market cap at $0.65 – 16.7M Cash position Feb-12 - $ 8.5M
Joint Ventures - exploration upside, risk mitigation and capital preservation
• Timok Belt (Cu-Au), 2 permits surrounding the Bor mine are in joint venture with Freeport-McMoRan Exploration Corporation. Freeport is targeting the largest world class deposits.
• US$ 3.0M committed to exploration in return for 55% of project equity. Free carry to feasibility for 75%
• US$ 2.6 spent to date
• Deli Jovan (Au) permit is joint ventured with UK-listed Orogen Gold (AIM: ORE). Orogen is funding the reopening of two historic gold mines and has a stated strategy to target small scale production of 30,000 Oz gold pa.
• CDN$ 3.5 million committed to exploration in return for 75% of project.
• CDN$ 1.5 million to be spent by June 2012, balance by June 2015
Joint Venture Projects
10 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Timok Project- Freeport Earn-in (Copper – Gold)
• World class porphyry-epithermal district. RTB Bor Mine resource and reserves stated to be 2.5 Bt containing 10.5 Mt copper and 11.7 Moz gold metal.
• 350 km2 RMI permits are adjacent and between the operating mines. Reservoir awarded 3 new permits in 2012 totaling 148.25 Km2.
• Geophysics and 3D geological modeling proving successful in targeting blind copper and gold mineralization at depth.
• New discovery of blind mineralization: 34 m @ 2.49 g/t Au, 84 m @ 0.38 % Cu. Ongoing drilling program with additional drilling results to be released during the year.
• Increased permit area- Increase opportunity for success.
11 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Orogen Earn-in to Deli Jovan (Gold)
• 69km2 property over 8km shear with bonanza-grade (>100g/t) mesothermal gold veins.
• Historic high grade gold mines, Gindusa and Rusman worked to the early 20th Century. Reservoir previously reopened 4km of old workings.
• Refurbished two shafts and accessed old mining levels for mapping and sampling. Soil sampling program completed – possible mineralization extensions identified. Drilling to commence Q2 2012
• Orogen targeting early production. Earning up to a 75% interest by investing $3.5m.
12 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Bobija (Silver – Lead – Zinc)
• 100% owned, 33km2 property surrounds a barite mine with reported resources (non 43-101) of 1.2Mt at 53% BaSO4 and 0.53Mt at 3.33% Pb, 4.18% Zn and 25.6% BaSO4.
• SEDEX-type mineralization with fine-grained stratiform sulphide zones 4-10m thick. SEDEX deposits can be large tonnage deposits.
• Outcrop sampling 6 m @ 5.05% Pb, 5.68% Zn, 0.85% Cu, 161 g/t Ag, 1.56 g/t Au. Historic Underground sampling yielded persistent grades ~10% Zn+Pb.
• Younger quartz vein overprint with gold.
• 2012- mapping, topographic survey, 3D model -historic data, dump sampling, metallurgical test work.
Sample from ore dump: 4.97% Pb, 3.94% Zn, 110 g/t Ag, 1.46 g/t Au. Potential- 100-200,000t
13 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Parlozi (Silver – Lead – Zinc)
• 100% owned, 91km2 property over historic mines. Targeting carbonate replacement type silver-rich polymetallic deposits.
• 43.101 Technical Report completed (2011).
• Historic (1980’s ) drill defined non-43-101 resource of 6.5Mt containing 4.1% Pb, 2.1% Zn, 0.3% Cu, 130 g/t Ag.
• Check hole PA-01 confirms mineralization and geology, intercepted up 1,175g/t Ag. 3D modeling confirms mineralization extent in historic resource. IP anomaly indicates mineralization could extend several Km. Historic surface workings indicate mineralization could project from depth to surface (>500m).
• 2012 – Mapping, geophysics, 3D modeling historic resource and mine workings, trenching and drilling. Objective confirm mineralization surface to depth.
14 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Stara Planina (Gold – Copper – Molybdenum)
• 100% owed, 63km2 property, granodiorites intruding basement gabbro
• Two main target areas: Gradiste and Aldinac each have extensive (>3km) Cu, Au, Mo in soil anomalies
• Intrusion-related bulk-tonnage Cu-Au-Mo target and numerous high grade veins
• Historic mine, Alin Do with mining grades: 24 – 62 g/t Au, 4 – 6% Cu and 1 – 4% Bi. Sampling confirming high grade gold up to 70 g/t
• Other areas: Best grab samples 50.4 and 28.2g/t Au. Recon trenching: 2m @ 3.85g/t Au, 2.65% Cu, 1.3m @ 35.7g/t Au
• 2012- Mapping, trenching, geophysics, 3D modeling and drilling Alin Do historic mine area. Objective confirm mineralization
15 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Plavkovo (Gold)
• 100% owned, 20km2 property over epithermal gold targets.
• Gold identified by trenching on the Plavkovo prospect. The “Gypsum Zone” is 400 meters east of previous trenches-Possible continuation of the mineralized structure for nearly 800 meters.
• 800m gold-bearing silica cap at Bukovik with quartz-alunite alteration and gold-in-soil anomaly indicative of gold-rich high sulphidation system.
• 2012 – Mapping, trenching, geophysics and drilling Plavkovo targets. Objective to expand mineralization extents of Gypsum Zone. Drilling commenced end 2011
16 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Africa Exploration
• Licence applications submitted in 3 West African countries.
• Large exploration licences 500-1,000 Km2.
• Targeting greenstone belts capable of hosting multi million ounce gold projects and large iron ore deposits.
• Early stage exploration to define drill targets.
• JV and other partnership opportunities being investigated.
• Distressed project / company opportunities requiring investment will be reviewed. Regional
Exploration
17 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Cameroon
• Two Projects under JV with Cameroon exploration consulting company BEIG3.
• Projects - Bibemi and So’o
• Equity split RMC- BEIG3 90-10% in local company. RMC will pay to BEIG3 C$ 85,000 over a two year period, refund prior exploration costs of up to C$ 10,000 and incur exploration expenditure of C$ 4,000,000 prior to December 31 2022 or the expiry of the last exploration licence.
• Reservoir Minerals Cameroon SARL established, office established with administrator in Yaounde. Two ex BRGM geologists in the field since January 2012 recon mapping, geochemical sampling. Alain Lambert, Andre Lacome.
• BEIG3 is an experienced local company actively seeking new projects for the RMC - BEIG3 JV in Cameroon which is an underexplored country.
18 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Conclusion
• Well funded exploration and project generator
• SE Europe and African exploration portfolio with good upside potential
• JV partnerships with major and junior companies providing risk mitigation and exploration upside
• Portfolio diversification by; geography, metals, project type and JV partners.
• Experienced technical and management team
• Treasury- CAD$ 8.5M
Regional Exploration
19 RMC:TSXV
WWW.RESERVOIRMINERALS.COM
Reservoir Minerals Inc. Contacts
• Simon Ingram Director, President and CEO [email protected]
• www.reservoirminerals.com
• Christopher MacIntyre Vice President, Corporate Development [email protected] Phone +1 (416) 703-0010
20 RMC:TSXV
WWW.RESERVOIRMINERALS.COM