Patrick F. N. Anderson Chairman and Chief Execu9ve Officer
Advanced Canadian Explora9on │ Investor Presenta9on February 2012
Forward-‐Looking Statement & Qualified Person
This presenta9on contains “forward‑looking informa9on” which may include, but is not limited to, statements with respect to the comple9on of the acquisi9on (the “Acquisi9on”) by the Company from a group of private vendors of approximately 1.7 million hectares of mineral rights over four greenstone belts and a historic silver mining camp in Norway, future financial or opera9ng performance of the Company and its mineral projects, the future price of metals, the es9ma9on of mineral resources, the realiza9on of mineral resource es9mates, the 9ming and amount of es9mated future produc9on, costs of produc9on, capital, opera9ng and explora9on expenditures, costs and 9ming of the development of new deposits, costs and 9ming of future explora9on, requirements for addi9onal capital, government regula9on of mining opera9ons, environmental risks, reclama9on expenses, 9tle disputes or claims and limita9ons of insurance coverage. OSen, but not always, forward‑looking statements can be iden9fied by the use of words and phrases such as “plans,” “expects,” “is expected,” “budget,” “scheduled,” “es9mates,” “forecasts,” “intends,” “an9cipates,” or “believes” or varia9ons (including nega9ve varia9ons) of such words and phrases, or state that certain ac9ons, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.
Forward-‐looking statements are based on the opinions and es9mates of management as of the date such statements are made and are based on various assump9ons, such as approvals from the Toronto Stock Exchange and the Norwegian Directorate of Mining will be obtained in respect of the Acquisi9on, the con9nued poli9cal stability in Northern Ireland and Norway, that permits required for the Company’s opera9ons will be obtained in a 9mely basis in order to permit the Company to proceed on schedule with its planned drilling programs, that skilled personnel and contractors will be available as the Company’s opera9ons con9nue to grow, that the price of gold will be at levels that render the project economic, or that the Company will be able to con9nue raising the necessary capital to finance its opera9ons and realize on mineral resource es9mates.
Forward‑looking statements involve known and unknown risks, uncertain9es 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, general business, economic, compe99ve, poli9cal and social uncertain9es; the actual results of current explora9on ac9vi9es; actual results of reclama9on ac9vi9es; conclusions of economic evalua9ons; changes in project parameters as plans con9nue to be refined; future prices of metals; possible varia9ons of ore grade or recovery rates; failure of plant, equipment or processes to operate as an9cipated; accidents, labour disputes and other risks of the mining industry; poli9cal instability; delays in obtaining governmental approvals or financing or in the comple9on of development or construc9on ac9vi9es, as well as those factors discussed in the sec9on en9tled “Risk Factors” in the Company’s Annual Informa9on Form.
Although the Company has a\empted to iden9fy important factors that could cause actual ac9ons, events or results to differ materially from those described in forward‑looking statements, there may be other factors that cause ac9ons, events or results to differ from those an9cipated, es9mated or intended. Forward‑looking statements contained herein are made as of the date of this presenta9on and the Company disclaims any obliga9on to update any forward‑looking statements, whether as a result of new informa9on, future events or results, except as may be required by applicable securi9es laws. There can be no assurance that forward‑looking statements will prove to be accurate, as actual results and future events could differ materially from those an9cipated in such statements. Accordingly, readers should not place undue reliance on forward‑looking statements.
Some technical data in this presenta9on was taken from the technical report en9tled “A updated Mineral Resource Es9mate for the Curraghinalt Gold Deposit Tyrone Project, County Tyrone and County Londonderry, Northern Ireland” dated January 10, 2012, prepared by B. Terrence Hennessey, P.Geo., and Dibya Kan9 Mukhopadhyay, M.Sc., MAusIMM, of Micon Interna9onal Limited (the “Technical Report”).
Damien Stephens, BSc.(hons), M.AIG, M.AusIMM, Explora9on Manager, Dalradian Resources, is the Qualified Person who supervised the prepara9on of the technical data in this presenta9on.
John McCombe, PEng, Chief Opera9ng Officer, Dalradian Resources Inc., is the Qualified Person who supervised the prepara9on of the technical data in this presenta9on.
2
Corporate Informa=on
TSX DNA
Shares outstanding Fully diluted
83.2 million 93.4 million
Market cap. (Feb. 17, 2012) $154 million
Average volume (30 day) 72,576
52 Week range $2.42 -‐ $1.27
Analyst coverage
Andrew Mikitchook
Jamie Spra\
Craig Stanley
$2.50
$2.00
$1.50
$1.00
Sep 2011
Oct 2011
Nov 2011
Dec 2011
Feb 2012
Jan 2012
$0.50
$0
$1.85 Feb. 17, 2012
STOCK PRICE
3 All dollars quoted in $ CAD
§ Current high-‐grade 2.7M ounce gold resource (all categories)1
§ Drills turning
§ Approx. 84,000 ha property
§ Mining friendly country
– Government investment in geological surveys
– Excellent infrastructure
§ DNA second largest mineral rights holder in Northern Ireland
§ Posi9oned for discovery with 4 greenstone belts & historic silver camp
§ Data capture underway
§ Approx. 1.7M ha of property
§ Mining friendly country
– Government investment in geological surveys
– Excellent infrastructure
§ DNA now largest mineral rights holder in Norway
A Growing Explora=on Company
4 1 Refer to press release en9tled “Dalradian Announces Resource Increase at Curraghinalt” at www.dalradian.com
NORTHERN IRELAND NORWAY
Our Board: A Track Record of Discovery and Development
COLIN K. BENNER
CHAIRMAN OF DELTA MINERALS AND AURICO GOLD Also Director of Mercator Minerals, Lundin Mining, Troon Ventures, and Corsa Capital
JOSEPH F. CONWAY
CEO OF PRIMERO MINING CORP. Former CEO of IAMGOLD
RONALD P. GAGEL
Former SVP and CFO of FNX Mining Also Director of Adriana Resources and Stonegate Agricom
PATRICK F. N. ANDERSON
CHAIRMAN AND CHIEF EXECUTIVE OFFICER Former CEO of Aurelian Resources
Also Director of Colossus Minerals, Malbex Resources and Con=nental Gold
THOMAS J. OBRADOVICH
CHAIRMAN OF LAGO DOURADO MINERALS LTD. Former CEO of Young-‐Davidson Mines
Former Director of Aurelian Resources
SEAN E. O. ROOSEN
CEO OF OSISKO MINING CORPORATION Also Director of Rio Novo Gold, Bowmore Explora=on and Astur Gold
ARI B. SUSSMAN
EXECUTIVE CHAIRMAN OF COLOSSUS MINERALS CEO OF CONTINENTAL GOLD LIMITED
KEITH D. MCKAY
CHIEF FINANCIAL OFFICER Former CFO of Aurelian Resources
Also Director of Noront Resources
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Zinkgruvan
Board: Worldwide Project Experience
Precious metals Diamonds
PATRICK F. N. ANDERSON
Precious metals
JOSEPH F. CONWAY
Base metals Precious metals
KEITH MCKAY
Precious metals
SEAN E. O. ROOSEN
Coal Base metals Precious metals
COLIN K. BENNER
Precious metals Base metals
RONALD P. GAGEL
Precious metals
THOMAS J. OBRADOVICH
Precious metals
ARI B. SUSSMAN
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Kemess South
Hammond Reef
Young-Davidson Mineral Park
El Chanate
Ocampo
El Cubo-Las Torres
Guadalupe y Calvo
San Dimas Buritica
Fruta del Norte Serra Pelada
Del Carmen
Galmoy
Curraghinalt
Aguablanca
Neves-Corvo
Delta Minerals Fosterville
Stawell
Kemess North
Tenke Fungurume
Northern Ireland
§ Our flagship asset: Curraghinalt mesothermal high-‐grade gold deposit
§ Excellent regional infrastructure
§ Over 84,000 hectares under explora9on
§ Poten9al exists for further precious and base metals deposits
7
Exploring for gold along a 50 km trend
Platinum and palladium exploration
Extensive underground mining
Gortin Rousky
Omagh
Curraghinalt Deposit
BELFAST
NORTHERN IRELAND
Cavanacaw Galantas Gold
Conroy Diamonds & Gold
Lonmin
Irish Salt Mining
In production since late 2007
U.K. & BRITISH ISLES
Explora=on Data Acquisi=on, Compila=on and Interpreta=on
• Geophysics
• Geochemistry
• Prospec9ng
• Mapping
• Target defini9on
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Curraghinalt Trend
§ Glaciated terrain with minimal outcrop
§ Drilling is primary explora9on tool
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Curraghinalt: Open Along Strike
• November 30, 2011 – Resource update Increasing Curraghinalt to 2.7 M ounces
• September 6, 2011 – Drilling at Curraghinalt intersects 8.34 metres of 5.84 g/t gold and 3.2 metres grading 5.34 g/t gold. Additional parallel veins discovered to the South of the deposit.
• June 8, 2011 – Drilling at Curraghinalt intersects 2.06 metres of 111.6 g/t gold and 1.11 metres grading 26.84 g/t gold
• April 7, 2011 – Hole 11-CT-85 cut 2.54 metres of 20.61 g/t gold
• February 28, 2011 – Hole 10-CT-76 cut 2.74 metres of 15.27 g/t gold
• December 2, 2010 – Hole 10-CT-73 cut 1.83 metres of 37.41 g/t gold
• October 14, 2010 –Two new parallel veins discovered
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3D Schema=c of Veins & Adit: looking west
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Development Timeline
12
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013
Jan ‘12
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan ’13
Feb Mar
Preliminary Economic Assessment
Environmental Baseline Study
U/G Drill Permit Appn U/G Permitting Process U/G Drilling
U/G Exploration Dvlpt Application U/G Exp Dvlpt Permitting Process U/G Exp Dvlpt
Explora=on Targets
§ In addi9on to Curraghinalt we are ac9vely tes9ng other high priority explora9on targets
§ Including: – Scotchtown
• Along trend east of Curraghinalt
• Subcrop up to 10 g/t Au – Alwories
• Along trend west of Curraghinalt • Vein in quarry returned 1.88 metres @ 20.8 g/t
– Glenlark • Separate trend, historic adits • 1km long anomaly
• Float sample up to 47 g/t Au
– Cashel Rock • Historic drill with high grades – peak of 3.63 metres
metres @ 30.12 g/t Au
• Mineralized by Rhyolite breccia pipe
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Next Steps: Northern Ireland
§ Development:
– Preliminary Economic Assessment
– Submission of permit applica9ons
• Underground explora9on
• Water discharge
§ Explora=on:
– Curraghinalt trend drilling
– High priority explora9on target drilling
§ Corporate Social Responsibility
– Enhance CSR strategy and leverage best prac9ces
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15
Norway: 2011 Mineral Strategy
Industry Minister, Trond Giske at Press conference announcing new direction in mineral strategy for Norway
• The new Mineral Act legisla9on passed in January 2010 to promote mining ac9vi9es
• Minister of Industry announces large investment over 4 years to iden9fy mineral resources
• Dalradian has acquired mineral rights over 6 areas including four greenstone belts and an historic silver mining camp
• Proper9es total more than 1,700,000 hectares
Another Mining Friendly Jurisdic=on
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Greenstone Belts
1. Kiclä Gold Mine
• Largest gold-‐mine in Europe
• Total combined MI&I = 6.8Moz Au
2. Saka=llampi Discovery
• Possibly largest nickel-‐copper deposit discovery in Europe (reported samples of 4%Ni)
• Announced by AngloAmerican on November 3rd, 2011
3. Pechenga District
• In Russia ~ 25km from Norwegian border
• Probable reserves of 150Mt @ 1% Ni and Proven Reserves of 30Mt @ 2% Ni, 1% Cu, 0.04% Co
4. Bidjovagge Gold-‐Copper Mine
• Historical produc9on of greater than 200,000 ounces of Au & 14 M pounds of Cu
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Northern Concessions
• Greenstone belts of northern Finland host the Kiyla 6.8 Moz gold mine and the newly discovered Anglo American Ni-‐Cu discovery.
• Land posi9on covers more than 70% of the strike extension of these same greenstone belts in Norway.
• Remarkably underexplored with one historic gold mine and abundant alluvial gold occurrences.
• Good infrastructure with large popula9on centres, paved highways and thin or absent forest cover
18
Southern Concessions
• Produc9on from 17th century to mid 20th century
• Es9mated 40M ounces of silver mined with average cut off grades of over 400 g/t
• Was once the largest mining district in Europe
Kongsberg
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Next Steps: Norway
• Data acquisi9on/compila9on
• Data analysis
• Boots on the ground
• Target Selec9on
• Ground Truthing
• Drill, drill, drill…
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21
Appendix
The Tellus Project and Explora=on
LICENSE MAP BEFORE THE TELLUS PROJECT
22
The Tellus Project and Explora=on
LICENSE MAP AFTER THE TELLUS PROJECT
23
3 Explora=on Trends -‐ Magne=cs
24
Ac=ve Resource Industry in County Tyrone
25
There are approximately 150 quarries across Northern Ireland
Ac=ve Resource Industry in County Tyrone
26
Vein 2010 M+I
Ounces (1)
2010 Inferred Ounces (1)
2011 M+I
Ounces (2)
2011 Inferred Ounces (2)
No. 1 102,929 306,135 123,778 596,969 106-‐16 100,202 314,128 162,035 429,048 T17 86,245 234,165 56,055 307,339 Crow 0 15,580 0 282,568 Bend 0 24,379 0 213,344 V75 18,982 21,234 32,874 100,937 Sheep Dip 3,595 23,808 6,809 69,107 Mullan 3,140 42,774 1,797 57,346 Road 0 0 4,677 53,002 Others 113,351 173,484 82,875 122,803 Total Ounces 428,444 1,155,687 470,899 2,232,464
(1) 43-101 resource by Micon dated May 10, 2010 (2) 43-101 resource by Micon dated Jan 10, 2012, effective date November 30, 2011
A Growing European Precious Metals Explorer
Patrick F. N. Anderson
Chairman & Chief Executive Officer
Investor Relations
Shae-Lynn Mathers Director, Investor Relations
416.583.5622
Trading Symbol: DNA on TSX
Executive Office:
Dalradian Resources Inc. 155 Wellington Street West
Suite 2920 Toronto, Ontario
Canada M5V 3H1
www.dalradian.com