Benz Capital Corp.
(TSX.V – BZ)
San Javier Copper Project
Sonora, Mexico
Jun, 2014
Acquire ǀ Execute ǀ Operate
www.benzcapital.com
Cautionary Disclaimer
Forward Looking Statements
This presentation contains forward-looking statements and forward-looking information within the
meaning of applicable securities laws. The use of any of the words "expect", "anticipate","continue",
"estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking information or statements. More
particularly and without limitation, this presentation contains forward looking statements and
information concerning the expected activities of Benz Capital Corp.
The forward-looking statements and information are based on certain key expectations and
assumptions made by Benz Capital Corp. Although Benz Capital Corp. believes that the expectations and
assumptions on which such forward-looking statements and information are based are reasonable,
undue reliance should not be placed on the forward looking statements and information because Benz
Capital Corp. can give no assurance that they will prove to be correct. By its nature, such forwardlooking information is subject to various risks and uncertainties, which could cause the actual results
and expectations to differ materially from the anticipated results or expectations expressed. Readers
are cautioned not to place undue reliance on this forward-looking information, which is given as of the
date hereof, and to not use such forward-looking information for anything other than its intended
purpose. Benz Capital Corp. undertakes no obligation to update publicly or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as required by
law.
Acquire ǀ Execute ǀ Operate
www.benzcapital.com
2
OVERVIEW
BENZ CAPITAL CORP:
•
Public company focused in copper & precious metal projects in the Americas
•
Listed on TSX Venture, symbol BZ
•
Proven management team with global mining, construction, and production
•
Strategic Goal to develop San Javier Copper Project and start up production in 2017
SAN JAVIER COPPER PROJECT
•
Located in 140 km east-southeast of Hermosillo, Sonora, Mexico
•
Option to acquire up to a 100% interest in the project
•
New NI 43-101 Resource Estimate reporting – May 08, 14
- 47.7 million tonnes of Indicated Resources, average Cu grade of 0.32% containing 222.8 million
lbs of recoverable copper
- 5.8 million tonnes of Inferred Resources, average Cu grade of 0.39% containing 29.7 million lbs
of recoverable copper
•
New NI 43-101 PEA reporting – May 22, 14
- Mine life of 8 years with avrg. Cu production of 20 million pounds, at all-cash-in cost of $1.6/lb
- Net Cash Flow of $130M & IRR of 23%
•
Execution plan provides opportunity to maximize return on investment
- Net Cash Flow of $154M & IRR of 33%
•
Excellent Infrastructure - a paved highway to the Property as well as access to the national grid
power line are in place
Acquire ǀ Execute ǀ Operate
www.benzcapital.com
3
STRATEGIC PLAN
Benz Vision:
To become a profitable mining producer and value creation for all
stakeholders.
Benz Mission:
To acquire, develop & operate mineral properties in the Americas by
integrating mineral deposits, financial resources and human resources
while utilizing sound safety & environmental operating practices.
Benz Strategic Goals:
#1: Complete FS for San Javier Copper Project by October, 2015
#2: Start Up production by middle of 2017
#3: Expand project portfolio by acquiring additional producing mines ongoing
Acquire ǀ Execute ǀ Operate
www.benzcapital.com
4
BOARD of DIRECTORS
Kevin Drover, Chairman & Director
–
–
–
–
+35 years global mining and management experience (Canada, United States, Russia, Costa Rica, Nicaragua and Peru).
Experienced in bringing projects through financing, permitting, construction and start-up and mine operations.
Served as Chairman & CEO of Oracle Mining Corp.(formerly Gold Hawk Resources) .
Held executive and senior management positions in Glencairn Gold, Kinross Gold, Black Hawk Mining.
Miloje Vicentijevic, President, CEO, & Director
– Mining Engineer with 23 years of experience in gold, lead/zinc, copper, coal & oil sands mining operations and consulting
engineering.
– Served as Technical Director of Mining for Worley Parsons Canada, Mining Division Manager for Wardrop Engineering Inc.
and Technical Services Manager for Sherritt International Luscar mine operation in Alberta. Construction of the Muskeg
River Mine with Shell/Albian Sands.
– Master’s Degree in Engineering Management from the University of Alberta, Edmonton, Canada; BSc in Mining Engineering
from the University of Belgrade, Serbia. P.Eng. in British Columbia, Canada. Acts as a QP for Benz.
Gordon Bub, Director
– Mining Engineer with 40 years industry experience, including 20 years in investment banking.
– Served as Director of Glencairn Gold Corporation and Western Canadian Coal Corporation.
– Served as Chairman and CEO of Breakwater Resources, Chairman of Black Hawk Mining Inc. and Executive Vice-President,
Merchant Banking, at Dynamic Capital Inc.
– Former mining analyst, Director of research and corporate finance for Toronto based investment dealers.
Ronald (Ron) Hall, Director
– B.Sc. (Hon) Metallurgy with over 35 years professional experience in the management, operation, evaluation and design of
global mining projects.
– A graduate from Cardiff University in Wales, Ron has lived and worked in the UK, South Africa, Botswana, Canada, Australia
and China and in addition has been involved in business and mining opportunities in India, Russia, North America, Chile,
Brazil and Mexico.
– Recently appointed as a Non – Executive director on the board of Chinalco Mining International and President of Global
Mineral Research Ltd., a Vancouver based metallurgical test work laboratory.
Carlos Escribano, CFO & Director
– CGA and graduate of UBC. Worked as Senior Vice President Finance and Chief Financial Officer at the Oracle Mining Corp.
– Experience includes financial and strategic management, debt and equity financing, regulatory compliance, business
development and acquisitions analysis, treasure and budgeting.
Bill MacDonald, Director
– founder and principal of Macdonald Tuskey, Corporate and Securities Lawyers
Acquire ǀ Execute ǀ Operate
www.benzcapital.com 5
MANAGEMENT
Miloje Vicentijevic, President, CEO, & Director
– Mining Engineer with 23 years of experience in gold, lead/zinc, copper, coal & oil sands mining operations and consulting
engineering.
– Served as Technical Director of Mining for Worley Parsons Canada, Mining Division Manager for Wardrop Engineering Inc.,
and Technical Services Manager for Sherritt International Luscar mine operation in Alberta. Construction of the Muskeg
River Mine with Shell/Albian Sands.
– Master’s Degree in Engineering Management from the University of Alberta, Edmonton, Canada; BSc in Mining
Engineering from the University of Belgrade, Serbia. P.Eng. in British Columbia, Canada. Acts as a QP for Benz.
Carlos Escribano, CFO & Director
– CGA and graduate of the University of British Columbia
– Worked as Senior Vice President Finance and Chief Financial Officer at Oracle Mining Corp and Canadian Zinc Corp.
– Experience includes financial and strategic management, debt and equity financing, regulatory compliance, business
development and acquisitions analysis, treasure and budgeting.
Michael B. Gareau, Sr. VP Geology & Exploration
–
–
–
–
BSc. (Hon.) in geology with 35 years international mining industry experience.
15 years with Placer Dome Inc. in technical and management positions.
VP Exploration for Black Hawk Mining, Glencairn Gold & Wega Mining.
P.Geo. in Ontario, acting as a NI 43-101 Qualified Person for Avaron.
Dennis Johnson, Sr. Mining Engineer
– Mining Engineer with 30 years of operations and consulting experience.
– Expertise in mine planning & design, strategic and budget-detailed cost modeling, reporting, and economic and forecast
modeling.
– P. Eng. in British Columbia, acting as a NI 43-101 Qualified Person for Avaron.
Consultants:
Gilles Arseneau, PhD, P.Geo
JDS Energy & Mining
Byron Stewart, P.Eng
Acquire ǀ Execute ǀ Operate
www.benzcapital.com 6
PROJECT LOCATION
Acquire ǀ Execute ǀ Operate
www.benzcapital.com 7
CONCESSIONS
Total Area = 1184.44 ha
Acquire ǀ Execute ǀ Operate
www.benzcapital.com 8
OPTION AGREEMENT with TUSK
Activity
Cash paid to
Tusk
Date/Timing
Completion of Due Diligence15-Jun-14
TSX-V Conditional
15-Jul-14
Approval
Completion of Private
Placement and issuance of 31-Oct-14
Consideration Shares
Payment to Tusk
02-Jan-18
Payment to Tusk
02-Jan-19
Total
Acquire ǀ Execute ǀ Operate
$
# of Common
Shares to Tusk
200,000
TBD, as per
private
placement
$
$
$
Comment
Value of $5M @ price
equal to the lesser of
$0.5/sh or per PP
2,000,000
2,000,000
4,200,000
www.benzcapital.com 9
SAN JAVIER DRILL CORE
Acquire ǀ Execute ǀ Operate
www.benzcapital.com10
OLD BLOCK MODEL (NI43-101, 2007)
Acquire ǀ Execute ǀ Operate
www.benzcapital.com11
NEW BLOCK MODEL – cross section
Gap
Limit of mineralization
Pit bottom
Acquire ǀ Execute ǀ Operate
www.benzcapital.com12
RESOURCE ESTIMATE (NI43-101, 2014)
Metric Tonnes
(M)
Cerro Verde Resources
Indicated
Inferred
La Trinidad Resources
Inferred
Total Indicated
Total Inferred
Acquire ǀ Execute ǀ Operate
Total Cu
(%)
Copper
Oxide (%)
Contained
Copper (M lbs)
47.7
3.8
0.32
0.28
0.21
0.14
222.8
12.06
2
47.7
5.8
0.61
0.32
0.39
0.39
0.21
0.23
17.6
222.8
29.66
www.benzcapital.com13
SAN JAVIER PEA (NI 43-101 2014)
Cu Price
Ore Mined
Waste Mined
Total Mined
Payable Cu
Unit
$/lb
LOM Value
3.05
M tonnes
M tonnes
M tonnes
M lbs
28.5
36.3
64.7
166.6
Cu Revenues from Cu Cathode
NSR
Total Operating Costs
Net Operating Income
EBITDA Royalty (7.5%)
M$
M$
M$
M$
M$
508.2
498.2
236.3
261.9
19.6
Pre-Contingency Capital Costs
Contingency (20%)
Total Capital Costs
M$
M$
M$
93.8
18.8
112.5
M$
Years
M$
M$
%
129.7
2.9
67.2
81.8
23.3%
Net Pre-Tax Cash Flow
Pre-Tax Payback Period
Pre-Tax NPV (7%)
Pre-Tax NPV (5%)
Pre-Tax IRR
Acquire ǀ Execute ǀ Operate
www.benzcapital.com14
BENZ SHARE STRUCTURE
TSX-V: BZ
Issued & Outstanding:
TSX.V – BZ
Jun 2013 – May 2014
7,842,952
Options:
941,000
Warrants:
500,000
Benz Fully Diluted:
9,283,952 (26%)
Payment to Tusk:
10,000,000 (28%)
Financing:
16,666,667 (46%)
Total (Post Financing):
35,950,619
Acquire ǀ Execute ǀ Operate
52 Week: Low $0.12; High $0.64
www.benzcapital.com
15
Benz Capital Corp.
(TSX.V – BZ)
San Javier Copper Project
Sonora, Mexico
Jun, 2014
Acquire ǀ Execute ǀ Operate
www.benzcapital.com
16