Reservoir minerals inc july 19 2012 v001 g90s48

Reservoir Minerals

“A New Copper Discovery in a Prolific and Proven Copper-Gold Mining District”

July 2012

Forward Looking Statements

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.

RMC:TSXV
2
WWW.RESERVOIRMINERALS.COM

Summary

Reservoir Minerals Inc. is a Canadian based company listed on the
TSX Venture Exchange (TSX.V:RMC)

Reservoir Minerals is well-capitalized, with approximately $ 8 million
in its treasury at July 2012.

Progressing the Timok Copper Gold Project with Earn-In partner
Freeport-McMoRan, a new copper discovery within a proven and
prolific copper-gold mining district.

Located in a mining friendly jurisdiction with excellent infrastructure
and skilled workforce.

An experienced exploration and development team.

The right earn-in partner to deliver resource definition programs and
commence mining studies, while creating value for shareholders
without dilution.

RMC:TSXV
3

Balkan and East Europe Mining

WesternTethyan hosts numerous world class copper –
gold deposits.

Later Cretaceous Magmatic belt is a key belt for
copper gold mineralisation

The Timok Magmatic Complex in Serbia host the
world class Majdanpek and Bor deposits which range
from massive sulphide to porphyry style
mineralisation. The deposits are elevated in terms of
copper grade compared with other European belts.

Reservoir Minerals Inc. holds 350 Km2 of permits in
the Timok

RMC:TSXV
4

Serbia: Mining History - Mining friendly
• Exploration & Mining Companies Working in Serbia:
• Freeport McMoRan Copper & Gold
• Rio Tinto
• Avala Resources Ltd.
• Dunav Resources Ltd.
• Pan Global Resources Inc
• Government committed to stimulating and encouraging foreign
investments within the Mining Industry. The stated aim:
• ‘…Mining’s contribution to increase from 2% of GDP to 5% by 2020 and
employ 35,000.’ FDI
• No Restrictions on Foreign Ownership, No government
participation
• 10% Corporate Tax Rate, 5% NSR royalty on metals Cu and Au.
• Inexpensive Energy Costs - Approximately $0.06 / Kilowatt hour
• New Mining code - 2012, Exploration 3+2+2 years then Mining
Concession.
• The European Union has granted Serbia EU candidate status
(March, 2012)

RMC:TSXV
5

Majdanpek - Bor Complex- Prolific & Proven
Copper Producing District
• “The Timok region..over 100 years of continuous
copper-gold mining”

• 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.

• Historic Production Bor-Majdanpek Mining Complex:

• Bor (High-Sulfidation Au-Cu)
• 1902-1941 12Mt @ 5.6% Cu, 2.6 g/t Au
• 1951-1984 87Mt @ 1.37% Cu
• 1987-2001 51Mt @ 0.7% Cu, 0.2 g/t Au

• Majdanpek (Porphyry Cu-Au)

• 1961-2003 355Mt @ 0.55% Cu, 0.38 g/t Au

• Veliki Krivelji (Porphyry Cu-Au)

• 1987-2004 137Mt @ 0.35% Cu, 0.09 g/t Au
Note 1

RMC:TSXV
6

RTB Bor- Majdanpek and Bor complex
Mining, Processing and Smelting

Veliki Krivelj open-pit provides 75% of the current production.
The balance is from the; Coka Marin underground mine, Majdanpek open-pits and Jama
underground mine.

Complex facilities include:
Mineral processing plants, Smelter, acid plants,
lime plant, Tankhouse, Cathode plant, Copper Wire Plant,
Foundry, Castings plant, Precious metals refinery.

RMC:TSXV
7

Overview of Bor - Infrastructure

• 2011 – production estimate
• Ore: 11.4 million tonnes
• Concentrate: 27,600 tonnes of copper
in concentrate
• Cathode: 28,000 MT Copper cathode
from domestic and foreign
concentrates

RMC:TSXV
8

Overview of Bor Mine

Ore specimen
Tilva Rosh mine 15% Cu

RMC:TSXV
9

Overview of Bor - Geology

Section
and plan
separately

Note 1

RMC:TSXV
10

RTB Bor - Further Developments

Ambitious program of investment and renewal
• New surface mining equipment 2010-2012

• New flash furnace, sulphuric acid plant and effluent
treatment plant. (2014-2015)

• Financing provided by Export Development Canada.

• SCN Lavalin managing contractors (CAN$215 million)
and Flash smelter technology by Outotec (EUR 60
million).

• New Smelter - 80,000 tpa of copper Anode
construction commenced.

EBRD discussing a Euro 55 Million loan for construction
of slag flotation and wastewater treatment facilities
related to the smelter.

RMC:TSXV
11

Timok Project- Freeport Earn-in
(Copper – Gold)
• RMC has 5 permits in the Timok (350 km2)-
Adjacent and between operating mines.

• Prolific mining and high potential exploration for
large deposits.

• RMC Deli Jovan gold exploration permit- East of
the Timok Complex.

• RTB Bor Permits over existing mining areas.
Contained mineralization Non 43.101 resources
and Reserves under the Russian system - 10.5 Mt
copper and 11.7 Moz gold metal

• Avala Resources Ltd.(TSX.V: AVZ) in west of Timok
Complex. Bigar Hill Inferred Resource of
38,000,000 T @ 1.3 g/t Au 1.5 Moz contained Au

Note 2

RMC:TSXV
12

Timok Project- Freeport Earn-in
(Copper – Gold)
• 3 permits under agreement with Freeport-McMoRan
Exploration Corporation. “Freeport” is targeting the
largest world class deposits.

• US$ 3.0M Earn-in for 55% of project equity
completed.

• Freeport option to free carry Reservoir to bankable
feasibility study for 75% of project.

• Geophysics and 3D geological modeling proving
successful in targeting blind copper and gold
mineralization at depth.

• Three blind discoveries in 2012

• 266 metres @ 1.23% CuEq% (1.07% Cu, 0.28 g/t Au )

• 34 metres @ 2.49 g/t Au and 84 m @ 0.38 % Cu.
The copper-equivalent (CuEq%) is calculated from
the formula (Cu% + 0.6*g/tAu)

RMC:TSXV
13

Drill Plan Map of Discovery

Brestovac Permit
• Geophysical studies (CSAMT and IP) and
Structural modelling used to define targets.
• Blind discovery FMTC 1104 - 34 m @ 2.49 g/t Au
• Blind discovery FMTC 1210 -266 metres @ 1.23%
CuEq% (1.07 % Cu, 0.28 g/t Au ), 598m to 864m.
• Results from 450 to 1,183 m
• Hole terminated at 1,947 m
• 200m step out drilling
• 4 rigs on site.
• Potentially large copper - gold
epithermal and porphyry style

RMC:TSXV
14

FMTC 1210 – Key intersections

Average Average Average
From To Interval
Drill hole ID Copper Gold CuEq
(m) (m) (m)
(%) (g/t) (%)*

FMTC 1210 598 864 266 1.07 0.28 1.23
including 670 815 145 1.44 0.36 1.66
1.85
including sub-interval 671 681 10 1.71 0.23

4.88

5.69

including 827 837 10 1.75 0.32 1.94

* Copper equivalent (CuEq%) = (Cu% + 0.6*g/tAu).

RMC:TSXV
15

FMTC 1210 Strip Log
• 0 - 135m - Miocene cover
• 135 - 464m - Cretaceous
sedimentary and volcaniclastic
rocks
• 464 - 1,183m - Andesite and
volcaniclastic rocks.
• Andesites - Locally brecciated,
and variably altered and
mineralised.
• Chalcopyrite, covellite,
chalcocite, bornite and pyrite
occurring as disseminations,
breccia matrix fill, veinlets and
locally massive sulphides
• 864 - 1,183m - Less intensely
altered and mineralized.
• 1,183 - 1,947m results pending

RMC:TSXV
16

Schematic cross section mineralisation

• High grade high sulphidation epithermal system. Covellite
(66.5% Cu), chalcocite (80% Cu), bornite (63% Cu) and Pyrite
• Developing to deeper porphyry mineralisation. Chalocpyrite
(34.6% Cu) Magnetite and pyrite

RMC:TSXV
17

Drill Hole FMTC1210, 733-734 m
0.99 % Cu, 0.66 g/t Au. 1.39 CuEq%

• Massive Sulphide
The copper-equivalent (CuEq%) is calculated
• Covellite (66.5% Cu) in matrix of massive Pyrite breccia from the formula (Cu% + 0.6*g/tAu).

RMC:TSXV
18

15.75 % Cu, 0.6 g/t Au. 16.11 CuEq%

The copper-equivalent (CuEq%) is calculated
from the formula (Cu% + 0.6*g/tAu).
• Massive Sulphide Mineralisation
• Covellite (66.5% Cu) –Chalcocite (80% Cu) – Bornite (63% Cu) > Pyrite

RMC:TSXV
19

3.13 % Cu, 0.46 g/t Au. 4.41 CuEq%

• Covellite (66.5% Cu) Bornite (63% Cu) Pyrite The copper-equivalent (CuEq%)
is calculated from the formula
• Quartz Pyrophyllite Alunite altered Andesite (Cu% + 0.6*g/tAu).

RMC:TSXV
20

Assay awaited

• Porphyry Cu type of mineralization
• Pyrite Chalocpyrite (34.6% Cu) Magnetite and Hematite veinlet

RMC:TSXV
21

Exploration Plans 2012-2013

• Freeport earn in Timok Project Permit areas

• Free carry to completion of feasibility study

• Exploration drilling

• Step out drilling

• Drilling new exploration targets

• Geophysics

• Leskovo permit, new permit surrounding the
Chock Marine Mine.

• JV Recently acquired permits

RMC:TSXV
22

Exploration targets:
Old Bor mine vs exploration core

Tilva Rosh 15% Cu specimen Drill core specimen

RMC:TSXV
23

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
0.65 2,025,000 4.7% 1,316,250
Options

Warrants 0.90 15,206,032 35.1% 13,685,429

Total Fully Diluted 43,337,164 100.0% 24,796,187

Trading range $0.35 – $1.19 Market cap at $1.15– 29.5M
Listed at $0.65 – November 2011 Cash position Jul-12 - $ 8.0M

RMC:TSXV
24

Management

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) – 6 years in public markets and the natural
resource sector. Graduate in Commerce from the Queen's School of Business at Queen's University
(Canada).
David Miles (CFO) – Chartered Accountant with more than 30 years experience in the mining and
exploration business. Mr. Miles is currently the CFO of Esperanza Resources Corp., Lara Exploration Ltd.,
and Colombian Mines Corporation.
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.).

RMC:TSXV
25

Directors

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).

RMC:TSXV
26

Budget 2012

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

RMC:TSXV
27

Conclusion

• A New Copper Discovery with Freeport – Right
Technical and Financial Earn-In

• In A Prolific Copper-Gold Mining District –
Existing Mining Infrastructure

• Clear Mining Law and Favourable Taxation
Environment

• Low-Risk Europe

• Experienced Technical and Management team

• Treasury- CAD$ 8.0M
Regional
Exploration

RMC:TSXV
28

Appendix

• Note 1 Grades and tonnages of RTB Bor and Bor mineralization
quoted in this presentation. Reservoir Minerals Inc. (“RMC”)
• Simon Ingram
emphasizes that these figures cannot be relied on, but considers Director, President and CEO
that an appreciation of the grades in the differing styles of
mineralization in the district is relevant to the assessment of the simon@reservoirminerals.com
Timok Project. A qualified person as defined by National
Instrument 43-101 has not undertaken sufficient work to classify
these figures as mineral resources or mineral reserves and RMC is
• Christopher MacIntyre
not treating them as current mineral resources or mineral Vice President, Corporate Development
reserves.
chris@reservoirminerals.com
• Note 2 Avala Resources Limited news release July 6, 2012. 43.101 Phone +1 (416) 703-0010
compliant resource estimate. Bigar Hill mineral resource,
prepared by AMC Consultants Limited (UK) (“AMC”), an
independent mining consulting firm, has been estimated at • www.reservoirminerals.com
38,000,000 tonnes grading an average of 1.3 g/t gold in the
inferred resource category for 1,500,000 ounces of gold, using a
0.4 g/t gold cut-off.

RMC:TSXV
29

Europe Exploration:
Other Reservoir Minerals Projects
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

RMC:TSXV
30

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. Underground mapping and channel sampling
completed. Soil sampling program completed –
possible mineralization extensions identified.

• 7,500m drill program underway.

• Orogen Earn-in. Expenditure of $3.5m by end
December 2013 for 75% of project. $1.5m completed
for 55% of project.

• Orogen targeting early production.

RMC:TSXV
31

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

RMC:TSXV
32

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.

RMC:TSXV
33

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. Drilling completed at Alin Do
historic mine area, results being analyzed.

RMC:TSXV
34

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. Drilling Gypsum zone
completed. 1.32 g/t gold over 3.3
meters.

RMC:TSXV
35

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

RMC:TSXV
36

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.
• BEIG3 is an experienced local company actively
seeking new projects for the RMC - BEIG3 JV in
Cameroon which is an underexplored country.

RMC:TSXV
37

Bibemi Permit

• Archean greenstone terrain
• Stream sediment sampling (619 samples), mapping of
artisinal workings.
• 35 kilometer trending NE-SW gold Geochemical
anomalism identified
• 3 areas each of which covers several 10’s square
kilometers of gold anomalism.

• Follow up soil sample geochemistry continuing.

RMC:TSXV
38

Africa

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.

RMC:TSXV
39

Reservoir Minerals Inc. Contacts

• Simon Ingram • Christopher MacIntyre
Director, President and CEO Vice President, Corporate Development
simon@reservoirminerals.com chris@reservoirminerals.com
Phone +1 (416) 703-0010
• www.reservoirminerals.com

RMC:TSXV
40

Reservoir minerals inc july 19 2012 v001 g90s48

Recommandé

Recommandé

Contenu connexe

Tendances

Tendances (18)

Similaire à Reservoir minerals inc july 19 2012 v001 g90s48

Similaire à Reservoir minerals inc july 19 2012 v001 g90s48 (20)

Plus de reservoirminerals

Plus de reservoirminerals (6)

Dernier

Dernier (20)

Reservoir minerals inc july 19 2012 v001 g90s48