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
© Copyright 2024