Investor Presentation – April 2015
Hot Maden - Turkey
www.marianaresources.com
AIM: MARL
1
Disclaimer – Continued
The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000.
Reliance on this promotion for the purposes of engaging in any investment activity may expose an individual to a significant risk of losing all of the
property or other assets invested.
This presentation ( Presentation ) relating to Mariana Resources Limited (the Company ) does not constitute or form part of, and should not be
construed as an offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in the Company in any
jurisdiction. Neither the Presentation, nor any part of it nor anything contained or referred to in it, nor the fact of its distribution, should form the basis
of or be relied on in any connection with or act as an inducement in relation to a decision to purchase or subscribe for or enter into any contract or
make and other commitment whatsoever in relation to any such securities. In particular, details included in this Presentation are subject to updating,
revision, further verification and amendment and refer to events as having occurred which have not occurred at the date of this Presentation but which
are expected to happen in the future. Any decision to purchase or subscribe for securities in the Company should be taken on the basis of information
to be contained in the admission document to be issued in due course. This presentation does not constitute a recommendation regarding the
securities of the Company.
The contents of this Presentation are confidential and may not be copied, distributed, published or reproduced in whole or in part, or disclosed or
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Company or its directors, officers, employees, agents or advisers as to the accuracy, completeness, or fairness of the information or opinions
contained in the Presentation and no responsibility or liability is accepted by any of them for any such information or opinions.
This presentation is exempt from the general restrictions in section 21 of the Financial Services and Markets Act 2000 ( FSMA ) on the
communication of invitations or inducements to engage in investment activity on the ground that it is only being made to or directed at persons who fall
within the exemptions contained in article 19(1) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the Order ) and persons who are otherwise permitted by law to receive it (together relevant persons ). This document must not be acted on
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the Company immediately, not attend the presentation and take no other action.
The information contained in this Presentation is not for publication or distribution to persons in the United States of America and it s territories or
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such restrictions.
By attending this presentation, you agree to be bound by the restrictions in this disclaimer.
www.marianaresources.com
2
Investment & Exploration Strategy
Mariana!is'an'explora-on'and'development'company'with'a'diversiﬁed,'highly'prospec-ve'
por9olio'of'gold,'silver'&'copper'projects'in'South'America'and'Turkey.'
!
THE$STRATEGY$
To$accumulate$and$advance$a$high$quality$por<olio$of$gold,$copper,$and$silver$
assets$over$a$well$deﬁned$Bmeline$$
To$apply$ﬁnancial$&$geological$experBse$to$advance$its$assets$to$near$feasibility$
To$shortlist$sound$investment$and$development$opportuniBes$to$return$value$to$
shareholders$
$
MARIANA’S$CURRENT$FOCUS$Q2$
The'main'focus'will'be'the'Phase'II'drill'program'at'the'high'grade'goldFcopper'
discovery'at'Hot'Maden'
''The'balance'of'the'prospec-ve'por9olio''is'being'posi-oned''to'test'poten-al'asset'
scale'and'economics'in'current'mining'friendly'jurisdic-ons'
www.marianaresources.com
3
The Mariana Team
THE$BOARD$
John$Horsburgh,'NonFexecu-ve'Chairman''
–!RTZ,!Billiton,!Ge/y,!Solpac,!Cullen!
!
Glen$Parsons,$Execu-ve'CEO''
–!RFC,!Neptune,!Nedbank,!AMB!
!
Dr$Eric$Roth,$Execu-ve'COO''
–!AngloGold!AshanA,!Extorre!!
!
John$Goodwin, Non'Execu-ve'Director'
–!United!InternaAonal!Enterprises!Ltd!,!
United!PlantaAons!Berhad,!Neptune!
MANAGEMENT$&$CONSULTANTS$
Sharon$Cooper,$CFO''
–!Ernst!&!Young!
$
Georg$Winkelman,$Country!Manager!!!
Peru!
!
Peter$BiWenbender,$Project!Manager!
Suriname!
!
Gabriela$Piola,!Country!Manager!
ArgenAna!
“Significant Management and Discovery to Mine Building Experience”
www.marianaresources.com
4
Key Data – AIM : MARL
Capital$structure$(1$April$2015)$$
Top$shareholders$$$$$$$$$(1$April$2015$$
AIM$
MARL'
Share$price$
2p'
Market$$
capitalisaBon$$
£15.25M/'US$22.7M
''
Shares$issued$
$$
'
762.7M'
$$ExploraBon$Capital$Partners$2014$$$$$
$$Limited$Partnership$(SproW$Group)$
''
''
OpBons$issued$
&$outstanding$
40.8M'
Warrants$issued$$
&$outstanding$
41.2M'
12$month$high/low$$
4.45p'/'1.00p'
Cash$posiBon$
(1$April$2015)$
£1.7M/'$2.6M'
Nominated$Adviser$
RFC'Ambrian'Ltd ''
Broker$
Brandon'Hill'Capital''
Hybridan'LLP'
6.56%$
AngloGold$AshanB$Holdings$plc$
6.42%$
Australian$Investors$P/L$$
2.47%$
Directors$&$Management$
2.0%$
''
Mining'company'investors'on'the'register'include:'AngloGold,'Teck'Resources,'IAMGOLD,'Hochschild'
www.marianaresources.com
5
Mariana Project Portfolio
Projects funded by strong JV partners
PERU
SURINAME
TURKEY
ERGAMA
SOLEDAD &
RURIMARAC
CHILE
HOT MADEN
NASSAU
GOLD
PROJECT
ARGENTINA
EXPLORADORA
EAST (100%)
DOÑA INÉS
(100%)
CAMPANA
(100%)
CORCOVADO
(100%)
LAS CALANDRIAS
& BOZAL DISTRICT
(100%)
LOS CISNES (100%)
Drilling$in$2015$by$Mariana$or$JV$partner$
www.marianaresources.com
6
Mariana Project Portfolio Strategy
Mariana’s$Strategy$is$to$develop$a$geographically$diverse$and$mulBdcommodity$por<olio$to$
opBmise$investment$potenBal$and$miBgate$economic$risks$by$leveraging$capital$as$
eﬃciently$as$possible.$
HIGH RISK / HIGH REWARD
MINING PHASE
*Turkey (not operated by Mariana)
Mariana’s value
realisation and
crystallisation
objective
V
A
L
U
E
Hot Maden*
Ergama*
Chile
Concept
www.marianaresources.com
Las Calandrias
Soledad
Los Cisnes
Rurimarac
Nassau Gold
Pre-discovery
Sierra Blanca
Discovery
Proving
Feasibility
Mining
Development
7
Turkey
Hot'MadenF'Mariana’s'Main'Focus'Q2'
'
HTDF04:'103m'@'9.0'g/t'Au'&'2.2'%'Cu'from'25m''
HTDF05:'82m'@'20.4'g/t'Au'&'1.9%'Cu'from'147m''
'
www.marianaresources.com
8
Turkey, Hot Maden – Gold, Copper
In$January$2015,$Mariana$Resources$acquired$100%$of$Hot$Maden$from$Aegean$Metals$Group.$
!
Hot$Maden$is$operated$and$fully$funded$by$JV$partner$Lidya$earning$into$70%.$
!  Located'in'Eastern'Pon-des'metallogenic'belt'
!  7,394'hectare'claim'block'
!  Within'a'mining'district'with'excellent'infrastructure'
!  Historical'small'scale'underground'mining'of'high'grade'copper'from'southern'part'of'Hot'Maden'property'un-l'
1923,'however'there'has'been'limited'modern'explora-on'
!  Phase'I'drill'program'of'1,647m:'7$holes$completed$in$January$2015$
!  Lidya'required'to'invest'USD'2.5M'in'explora-on'and'make'cash'payments'of'
'USD'0.5M'to'Mariana'to'reach'70%'earnFin'(Currently'Spent''$700k'to'date)'
Mariana-Lidya
JV Area
Asikoy
Istanbul
Cukuralan
Ovacik
Cerattepe
Altintepe
Derekoy
Tac
Kaymaz
Yenipazar
Kisladag
Mastra
N
HYA
TET
Copler
Zeytincik
Mollakara
Cevizlidere
Ergani
T
BEL
YRY
RPH
Efemcukuru
ARDALA
SALINBAS
Ferhatli
PO
Sakarya
DERINKOY
Mesekoy
HOT MADEN
Ankara
ERGAMA
TURKEY
Kalburlu
Ariana-Eldorado
JV Area
BLACK SEA
Sahinili
Agi Dagi
Halilaga
Artvin
HOT MADEN DRILLING
5 km
Mariana
Project
Gold Projects
TURKEY
10 - 16.6 Moz
5 - 10 Moz
1 - 5 Moz
0.5 - 1 Moz
MEDITERRANEAN SEA
www.marianaresources.com
0.3 - 0.5 Moz
200 km
<0.3 Moz
9
Turkey, Hot Maden – Gold, Copper
Geology:$
Simpliﬁed$Geology$/$Drill$Plan$
740600E
740800E
- Mineralisation is associated with the north-north east trending Hot
Maden Fault Zone, which is defined on surface by a prominent "colour
anomaly" (iron oxides after sulphides plus clays)
4542400N
E
HTD-04
N
ZO
- Main sulphide phases are pyrite + chalcopyrite. No deleterious elements
(As, Sb, Hg)
HTD-05
U
FA
EN
MA
D
!  Discovery$Hole$4$d1$03m$at$9.0$g/t$gold$&$2.2$%$copper$from$25m$downhole$
4542000N
Q1$2015$Drill$Results:$
HTD-02
LT
- Multiphase primary mineralisation, including epithermal style breccias
with jasperoid and massive sulphide.
HTD-06
4542200N
- Host rocks are andesites / andesitic volcano-sedimentary sequence.
740400E
H O
T
!  Discovery$Hole$5$d$82m$at$20.4$g/t$gold$&$1.9$%$copper$from$147m$downhole$
4541800N
HTD-03
HTD-07
HTD-01
4541600N
Porphyritic andesites
/ tuff breccias
Andestic volcanic seds
/ sediments
Propylitic Alteration
Argilic Alteration
Hot Maden Fault Zone
Copper Vein
200m
www.marianaresources.com
>100 ppb Au in Soils
10
Turkey, Hot Maden – Discovery Hole 4
Discovery$Hole$4$intersected$103m$at$9.0$g/t$Au$&$2.2$%$Cu$from$25m$downhole$$
including$33.4m$at$18.3$g/t$Au$&$3.3$%$Cu$from$79.8m$$
740500E
740550E
740600E
740650E
740700E
740750E
740800E
740400E
740850E
740600E
740800E
Gold (g/t)
900m
740450E
0.6
1
1.7
.1
17
.3
16 .8
19 .5
9
2.1
96 .0
8
63 .3
2.8 4
14 .4
.8
4 6
17 .6
3.3 7
25 .5
4.2 5
18 .0
3.6 6
19 .5
3.7 1
26 .3
2.7 9
38 0.0
2.0 8
12 .8
.5
3 2
17 .5
4.0 4
11 .8
4.8 1
13 .5
5.8 0
10 8
5.8 4
7.6 2
.8
3 5
8.3 9
2.5 8
6.5 4
1.7 6
5.1 4
2.3 2
4.3 8
0.9 3
3.8 9
1.9 4
3.5 0
3.1 3
3.7 1
.1
3 5
3.1 2
3.6 6
2.8 3
3.0 3
2.5 7
2.7 6
2.6 2
2.5 7
2.3 9
3.4 5
2.1 3
4.0 0
1.9 4
.4
4 8
1.9 6
4.6 2
0.8 9
4.0 6
1.4 6
2.5 3
0.7 2
1.7 6
.7
0.6 9
2 0
1.8 4
1.0 8
0.8 3
3.3 7
0.5
1.7
Andesitic Volcanic
Sediments
Au
750m
g/t
Au-Cu Zone
HTD-06
11.6%
Sulphidic Silicified
Andesite
(Pyrite-Chalcopyrite)
+/- Bornite
Massive Sulphide
(Pyrite-Chalcopyrite)
Andesite
?
Fault Zone
Zn Zone
Clay Zone
Andesite Volcaniclastic
Cu
Andesitic Volcanics /
Sediments
%
700m
4542400N
Overburden
Hole 6:
27.6m @ 1.3% Zn,
26m @ 2.3% Zn &
12m @ 4.0% Zn
OPEN
TO NORTH
Hole 4:
103m @ 9.0 g/t Au
& 2.2% Cu
Geology
Fault Zone
185m
?
33.4m @ 18.3 g/t Au, 3.3% Cu
650m
Zinc %
Overburden
103m @ 9.0 g/t Au, 2.2% Cu
?
Hole 5:
82m @ 20.4 g/t Au
& 1.9% Cu
1.3m @ 9.9 g/t Au
& 0.3% Cu
Silicified Andesite
(Pyrite-Chalcopyrite)
HTD-04
Hole 4:
2m @ 7.0% Zn,
6m @ 3.2% Zn &
4m @ 5.7% Zn
96.5 g/t
HTD-05
HTD-02
Massive Sulphide
(Pyrite-Chalcopyrite)
?
50m
?
Hole 5:
31.5m @ 1.8% Zn
120 g/t
OPEN
TO SOUTH
4542000N
?
?
Mineralized Zone
4542200N
850m
800m
4
1.3 6
0.1 6
0.0
2
0.1
0.2
?
Copper %
AT-3
HTD-04
7.5%
4541800N
1m @ 7.9 g/t Au, 0.2% Cu
+ 1m @ 19.9 g/t Au, 0.4% Cu
Drill Hole Status
HTD-03
8m @ 1.6 g/t Au,
3m @ 2.1 g/t Au,
1m @ 4.8 g/t Au,
& 1m @ 3.0 g/t Au
HTD-07
HTD-01
AT-2
Hole Completed;
Assays Received
Previous Hole
(Anglo American 1990
– Results unknown)
Mineralised Zones
4541600N
Au-Cu
1m @ 5.5 g/t Au, 0.4% Cu
+ 1m @ 121 g/t Au, 1.2% Cu
+ 1m @ 9.5 g/t Au, 0.6% Cu
7.9%
12%
Zn
Diagramatic – based on
surface projections of
intersections
Geochemical
Sampling
>100 ppb Au in Soils
200m
www.marianaresources.com
Stream
Road
11
Turkey, Hot Maden – Discovery Hole 5
Discovery$Hole$5$intersected$82m$at$20.4$g/t$Au$&$1.9$%$Cu$from$147m$downhole$$
including$a$bonanza$13m$at$88$g/t$Au$&$2.5$%$Cu$from$150m$$
740,400 E
740,450 E
740,500 E
740,550 E
740,600 E
740,650 E
740,700 E
740,750 E
740,850 E
740400E
740600E
740800E
Gold (g/t)
900m
740,350 E
Copper %
Zinc %
AT-3
HTD-05
850m
Overburden
Andesitic Volcanic
Sediments
0.2
5
0.3
0.2
5.1 7
7
0.3
9.7 1
1
3.8
0.2
9.5 5
0.6 8
2.0 6
2.3 4
1.7 2
0.9 6
4.3 4
91 3
1.9 8
40 .5
1.2 7
18 .1
0.4?6
.5
4
4
0.9 7
12 4.6
0.8 7
45 2.109
1.1 9
48
1.3 4
14 .1
2.5 5
90 2.06
3.6 5
39
0.6 2
15 .7
4.7 9
19 .5
3.5 6
27 .7
2.4 2
3.2 .2
1.8 8
1
7
.7
9
1.1
8.4 8
5
7.8
5.7 1
3.1 7
8
7
Au-Cu Zone
HTD-06
Hole 4:
103m @ 9.0 g/t Au
& 2.2% Cu
Sulphidic Silicified
Andesite
(Pyrite-Chalcopyrite)
+/- Bornite
Sulphidic Andesite
Breccia
Andesite
?
Zn Zone
Fault Zone
4542200N
31.5m @ 1.8% Zn, 0.6% Pb
Geology
Overburden
600m
Andesitic Volcanic
Sediments
Sulphidic Silicified
Andesite
(Pyrite-Chalcopyrite)
+/- Bornite
1.3m @ 9.9 g/t Au
& 0.3% Cu
?
HTD-04
Hole 4:
2m @ 7.0% Zn,
6m @ 3.2% Zn &
4m @ 5.7% Zn
HTD-05
HTD-02
?
82m @ 20.4 g/t Au, 1.9% Cu
?
Hole 5:
31.5m @ 1.8% Zn
450 g/t
OPEN
TO SOUTH
291m
?
Sulphidic Andesite
Breccia
550m
Hole 5:
82m @ 20.4 g/t Au
& 1.9% Cu
4542000N
650m
Au
g/t
700m
Cu
%
750m
1.0
Hole 6:
27.6m @ 1.3% Zn,
26m @ 2.3% Zn &
12m @ 4.0% Zn
OPEN
TO NORTH
4542400N
800m
13m @ 88.0 g/t Au, 2.5% Cu
Andesite
Fault Zone
50m
740400
740450
?
740500
740550
?
740600
740650
740700
?
?
740750
1m @ 7.9 g/t Au, 0.2% Cu
+ 1m @ 19.9 g/t Au, 0.4% Cu
4541800N
740350
Drill Hole Status
HTD-03
8m @ 1.6 g/t Au,
3m @ 2.1 g/t Au,
1m @ 4.8 g/t Au,
& 1m @ 3.0 g/t Au
HTD-07
HTD-01
AT-2
Hole Completed;
Assays Received
Previous Hole
(Anglo American 1990
– Results unknown)
Mineralised Zones
4541600N
Au-Cu
1m @ 5.5 g/t Au, 0.4% Cu
+ 1m @ 121 g/t Au, 1.2% Cu
+ 1m @ 9.5 g/t Au, 0.6% Cu
Zn
Diagramatic – based on
surface projections of
intersections
Geochemical
Sampling
>100 ppb Au in Soils
200m
www.marianaresources.com
Stream
Road
12
Turkey, Hot Maden – Gold, Copper
2nd$Quarter$Drill$Programme$and$Focus$
!  Lidya'to'commence'a'10,000m'inﬁll,'depth'and'extension'drilling'program'in'April.'Planned'mul-ple'rigs.'
!  Program'will'commence'from'known'discovery'holes'and'stepping'out.'
!  An-cipated'Assay'Results'from'early'May'to'July'will'dictate'forward'program'as'well'as'future'strategy''
'
Fault$Zone$and$Hydrothermal$AlteraBon$–$View$to$
North$
www.marianaresources.com
Sulphidic$Stockworks$
13
Additional Portfolio Assets
Peru'
Argen-na'
Suriname'
www.marianaresources.com
14
Peru, Soledad & Rurimarac – Copper, Gold, Silver
!  Located'in'Cordillera'Negra'metallogenic'province'34km'
south'of'Barrick’s'Pierina''
goldFsilver'mine''
COLOMBIA
ECUADOR
!  Mariana'can'earn'a'70%'interest'in'the'copper,'gold'and'
silver'Soledad'Project'
!  Several'opera-ng'underground'mines''
in'vicinity''
San Luis
Pierina
Rio
Blanco
Cañariaco
La Granja
!  2084m'drilled'at'Soledad'in'12'hole'programme'2014'
Pashpa
Pierina
Breccia Pipes
Breccias Qtz +Turm
RURIMARAC
Andesite Lava dome
Cerro Corona
Yanacocha
Minas Conga
Galeno
Michiquillay
Shahuindo
La Arena
Alto Chicama
Rurimarac
Project
Other Deposits
Town
Soledad
Project
10 km
Antamina
SOLEDAD
PERU
Lima
Porphyritic Dacite
Rhyolitic Dike
CIMA BLANCA
CIMA
LITHOCAP
BLANCA
Sandstones
Polymetallic
Veins
(Pb-Zn)
Pr
Soledad Property
PACIFIC
OCEAN
Las Chancas
Regional Faults
Pb-Zn HALO
being mined by
adjacent mine
Cu-Au-Ag Core
TARGET AT DEPTH
Holes drilled
Pr
Brx 6
Brx 2
Brx 5
Se
qtz
Brx 4
500m
www.marianaresources.com
Las Bambas
Arasi
Cerro
Verde
Brx 8
FARO
Huaraz
Adriana
Toromocho
Dacitic Welded
Ignimbrites
Brx 9
IOUS
PREC
ELT
EAN
AND ETALS B
M
!  Mariana'can'earn'a'70%'interest'in'the'copper,'gold'and'
silver'Rurimarac'Project,'4km'from'Soledad'
BRAZIL
Mirador
Fruta del Norte
Brx 7
Brx 1
Brx 3
PERU
• Gold & Copper Deposits •
BOLIVIA
Aruntani
Cuajone
Toquepala
Project
Gold Deposits
Copper Deposits
300 km
CHILE
15
Peru, Soledad – Copper, Gold, Silver
2014$Milestones$
!  2084m'diamond'drilling'completed'
!  Discovery'of'strongly'mineralised''
Quartz'tourmaline'breccia'pipes'
!  Breccias'1,'5'&'6'mineralised'to''
depths'of'around'225m'
!  Deeper'sensing'completed'–''
very'encouraging'intrusive'body'
IP'anomaly''conﬁrmed'at'depth'
HIGH RISK / HIGH REWARD
MINING PHASE
Soledad
ObjecBve$
Rurimarac
!  Drill'test'interpreted'porphyry''
CuFAuFAg'target'at'depth''
Work$Program$
Value
Las Calandrias with resources
of 519,000 AuEq oz
Concept
Pre-discovery
www.marianaresources.com
Discovery
Proving
Feasibility Mining Development
!  Drill'Permit''Renewal'&'necessary'
permits'and'permission'
!  Drilling'to'commence'in'March'/April'
2015'
16
Peru, Rurimarac – Copper, Gold, Silver
Rurimarac$AcquisiBon:$
!  Strategic'acquisi-on'following'Soledad'discovery'of'a'2,000'hectare'high'grade'prospect'
!  Previously'drilled'–'Southern'end'of'Breccia'was'intersected'at'60m'for'6m'at'3g/t'gold.'Poten-al'for'a'large'oxide'gold'
deposit'was'recognised''
!  Core'high'grade'area's-ll'untested'
Sampling$by$Mariana:$
!  Mariana'surface'sampling'includes'bonanza'results,'conﬁrms'a'zone'of'high'grade'gold'mineralisa-on'along'a'lowFangle'
fault'zone'
!  24'of'the'79'samples'returned'assays''
of'>2'g/t'gold,'of'which'19'were'
'>5'g/t'gold'&'5'were'>31'g/t'(1'oz/t)''
!
ObjecBve$
!  Drill'for'discovery'of'untested'high'
grade'Breccia'following'Soledad'
drilling'
Work$Program$
!  Obtain'drill'permit'and'other''
necessary'permits'
!  Drill'amer'Soledad'
www.marianaresources.com
17
Argentina – Gold-Silver
Mariana$has$three$projects$in$ArgenBna:$
!  Los$Cisnes$(100%)$$
– 'New'large'domeﬁeld'discovery'with'the'
poten-al'forbulk'tonnage'and'high'grades'
– 'Bonanza'results'achieved'with'sampling'
!  Las$Calandrias$&$Bozal$(100%)$
– 'DomeFrelated'epithermal'system'
discovered'in'2009'
– '519,000'oz'AuEq'ini-al'resource''
(492,000'oz'indicated)'
– 'Bulk'tonnage'open'pit'poten-al'&'high'
grade'
– 'Consolida-on'Bozal'II'&'III'District'play'
– 'Resource'upgrade'focus'to'bolster'project'
economics'
!  Sierra$Blanca$(100%)$
–''Internal'resource'achieved'with'expansion'
poten-al''
Deseado
Massif
LAS HERAS
Mines
CALETA OLIVIA
Advanced Projects
EASTERN DESEADO
Developing Mine
Mariana Projects
PICO TRUNCADO
Mariana Areas
50km
FITZ ROY
JARAMILLO
Bozal II & III
Las Calandrias
Don Nicolas Minera IRL
Tres Leones Cerro Moro
PUERTO
DESEADO
Yamana
Sierra Blanca
TRES CERROS
Los Cisnes Project
Cerro
Vanguardia
Caballo
Blanco
AngloGold
Ashanti
Cañadon
Portiado I
Tierra Areas
PUERTO SAN JULIAN
www.marianaresources.com
18
Argentina, Los Cisnes – Gold-Silver
Los$Cisnes$contains$the$El$Brio$&$El$Solar$targets$
!  High'grade'and'bulk'tonnage'poten-al'
!  23,000'hectare'project,'75km'southFwest'of'
Cerro'Moro'
!  32km2'rhyolite'domeﬁeld'with'mul-ple''
goldFsilver'mineralisa-on'zones'
that'extend'under'cover'
!  El$Brio$is'a'700m'striking''
vein'with'breccias'up'to'3m'wide'
– '250m'with$8'samples'31F716'g/t'silver,''
&'one'0.8m'at'3,849'g/t'silver'
!  El$Solar$is'5km2'with'300m'by'600m''
CalandriasFstyle'rhyolite'breccias''
–'10'ﬂoat'samples'0.5F3.4'g/t'gold'
EL BOZAL
III
0
EL
BOZAL II
ObjecBve$
EL
BOZAL
IV
500
Pichones
TONGORIL I
8 km
LAS
CALANDRIAS
El Nido Norte
!  Discovery'drilling'of'high'grade''
targets'at'El'Brio'and'El'Solar''
LAS CALANDRIAS
PROJECT
La Despreciada Zone
El Nido Oeste
Rhyolite Domes
Volcaniclastics
Drill Holes
Vein-breccia
Magnetic Linears
Intrusive at Depth?
Resource Outline
El Nido Centro
Work$Program$
Calandria Norte
El Nido Este
!  Drill'high'grade'silver'and'gold''
targets'iden-ﬁed'in'Q1''
La Calandria
Vein-Breccia
El Nido Sur
!  Con-nue'sampling'and'iden-fying'new'areas'
Concession boundary
www.marianaresources.com
250
metres
EL BOZAL I
Calandria Sur
Calandria Sur Zone
19
Argentina, Las Calandrias / Bozal - Gold, Silver
First$discovered$by$Mariana$late$2009,$Las$Calandrias$is$Mariana’s$most$advanced$project.!
!  Mariana'owns'the'surface'rights'at'Las'Calandrias''
!  Subsequent'discoveries'include:'
– 'Escondido'(Minera'IRL)''
– 'Falcon'(Extorre)'
– 'El'Monte'(RenaissanceFAgnico)'
– 'Mirasol'–'La'Curva''
!  Bozal'II'&'III'are'new'target'areas'for'high'grade'gold'
development.'
HIGH RISK / HIGH REWARD
ObjecBve$
!  Enhance'Las'Calandrias'Resource'with'high'grade'
targets'&'new'discoveries'
!  Regional'consolida-on'strategy'including'the'Las'
Calandrias'Project'and'neighbouring'proper-es.'
Work$Program$
!  Drill'targets'at'Las'Calandrias'&''
Bozal'III'in'Q1'focusing'on'high'grade'
MINING PHASE
Domes /
veins breccias
BOZALITO
Gold discoveries
to date
El MONTE PROJECT
(RenGold-Agnico)
– Dome-breccias to
12 g/t Au 622 g/t Ag,
IP anomaly
Bozal III
Las Calandrias
Mariana
Target area
Estancia
Calandria
10 km
Los Cisnes
BOZAL III
– Breccias up to 6.2 g/t Au
– Vein-breccias up to 6.0 g/t Au
BOZAL III
BOZAL II
– Vein-breccias
up to 16.5 g/t Au
& 302 g/t Ag
BOZAL II
ARGENTEX
Value
LA CURVA
(Mirasol)
– Epithermal breccias,
stockworks, veins
– IP anomalies
YAMANA
BOZAL I
TONGORIL I
Las Calandrias with resources of
519,000 AuEq oz
RENAISSANCE
– AGNICO
BOZAL IV
MIRASOL
LEONA
DORMIDA
HOCHSCHILD
– IAMGOLD
EXTORRE
FALCON
(Yamana)
IAMGOLD
LAS CALANDRIAS
LAS CALANDRIAS
PIUQUENES MIRASOL
FORMICRUZ
MINERA IRL
Concept
www.marianaresources.com
Pre-discovery
Discovery
Proving
Feasibility
Mining Development
MINERA
IRL
PIUQUENES
ESCONDIDO
(Minera IRL)
YAMANA
20
Suriname – Nassau Gold Project
The$Nassau$Gold$Project$is$120km$away$from$Paramaribo$and$is$20km$from$Newmont’s$$1B$4.2M$oz$
Merian$gold$project$$
!  Mariana'is'operator'and'expenditure'requirements'will'be'
$5.3M'over'30'months'for'a'controlling'40.01%'interest'
Nickerie
Moengo
!  Nassau'Gold'has'the'poten-al'for'high'grade'gold'veins'&'
laterite'hosted'bulk'tonnage''
NEWMONT
– MERIAN
IAMGOLD – ROSEBEL
NASSAU GOLD PROJECT
SURINAME
!  Expected'similar'geology'to'Merian'&'Rosebel'mining'
districts'
ObjecBve$$
Benzdorp
Greenstone
Belt
!  Completed'drill'target'genera-on'during'H1'2015'with'drill'
tes-ng'of'priority'targets'commencing'in'H2'2015'
Program$H1$2015$
Paramaribo
HIGH RISK / HIGH REWARD
MINING PHASE
Nassau Gold Limited
!  Complete'Airborne'Geophysics''
!  Incorpora-on'of'Historical'Alcoa,'Newmont,''
&'Suriname'Government'Data'Work'
!  Detailed'geological'mapping'/'sampling''
Value
Las Calandrias with resources
of 519,000 AuEq oz
!  Auger'sampling'of'laterite'proﬁles'on'Nassau'Plateau''
(including'followFup'of'anomalous'gold'values'in''
Alcoa'bauxite'drilling)'
!  Advanced'drill'target'deﬁni-on'for'H2'2015'dry'season'
www.marianaresources.com
Concept
Pre-discovery
Discovery
Proving
Feasibility Mining Development
21
Investment Summary
Strong,!diversiﬁed,!highly!prospective!portfolio.!!
!Focus!on!advancing!promising!gold,!silver!and!copper!projects!towards!optimum!investment!value.!
OUTLOOK$
Turkey$highest$priority$–$Hot$Maden$discovery$grid$extension$drilling$10,000m$Early$Q2$
Discovery'drilling'for'high'grade'AgFAu'exci-ng'drill'targets'at'Los'Cisnes'Q1'
Follow'up'deeper'drilling'planned'targe-ng'intrusive'anomaly'at'depth'at'Soledad'discovery'Q1'
Nearby'Rurimarac'gold'property'acquired'–'drill'permit'approval'required'
–'drill'high'grade'target'following'Soledad'Q2'
Explora-on'Results'of'sampling'at'Nassau'Gold'Project'in'Suriname'leading'to'drilling'in'H2'2015'
Las'Calandrias'&'Bozal'–'strategic'bulk'tonnage'resource'&'poten-al'upside'with'consolida-on'and'
drilling'high'grade'targets'Q2'
Spread'of'county'risk'with'con-nual'por9olio'assessment'&'con-nuing'to'posi-on'Mariana'&'its'
por9olio'for'value'growth'
www.marianaresources.com
22
Mariana$Resources$Ltd$
Suite'102,'3'Eden'Street,'North'Sydney'NSW'2060'Australia'
Glen$Parsons$–$ExecuBve$CEO$
Eric$Rothd$ExecuBve$COO$
Phone:'+61'2'9437'4588''•''Email:'[email protected];'''[email protected]'
www.marianaresources.com$$
Blytheweigh$
Tim'Blythe'/'Halimah'Hussain'–'Directors'
Phone:'020'7138'3204 'Email:'[email protected];'''''''[email protected]''
www.marianaresources.com
23