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DNA AGM Investor Presentation June 20, 2011
1. A Golden Opportunity In Northern Ireland
Curraghinalt Deposit
Investor Presentation June 2011
Patrick F. N. Anderson
Chairman and
Chief Executive Officer
2. Forward-Looking Information and Qualified Person
Certain statements in this presentation, other than statements of historical facts relating to the company, constitute “forward-looking information” within the meaning of applicable securities
laws. Such forward-looking information may include, but is not limited to, statements with respect to the future financial or operating performance of the company, its subsidiary and its
mineral project, the future price of metals, the estimation of mineral resources, the realization of mineral resource estimates, the timing and amount of estimated future production, costs of
production, capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital,
government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of
pending litigation and regulatory matters. Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “is expected,” “budget,”
“scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or
results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions such as continued
political stability in Northern Ireland, that permits required for the company’s operations will be obtained in a timely 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 operations continue to grow, that the price of gold will remain at levels that render the
project economic, and that the company will be able to continue raising the necessary capital to finance its operations and realize on mineral resource estimates and current mine plans.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company and/or its
subsidiary 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, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of metals, including gold; possible variations of ore grade or recovery rates; failure to convert estimated mineral resources into
mineral reserves; failure of plant, equipment or processes to operate as anticipated; actual results of reclamation activities; accidents, labour disputes; political instability and risks arising
from operating in Northern Ireland; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; uncertainties relating to the
availability of future financing; inflation; fluctuations in exchange rates; uninsured risks and other risks of the mining industry.
Although the company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the
date hereof and the company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required
by applicable securities 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
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The technical data in this presentation was taken from the technical report entitled “A Mineral Resource Estimate for the Curraghinalt Gold Deposit and a Review of a Proposed Exploration
Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland” dated May 10, 2010, prepared by B. Terrence Hennessey, P.Geo., and Dibya Kanti
Mukhopadhyay, M.Sc., MAusIMM, of Micon International Limited (the “Technical Report”).
Eur Geol Garth Earls, Managing Director, Dalradian Gold Limited, is the Qualified Person who supervised the preparation of the technical data in this presentation.
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3. Why Invest?
High-grade 1.5MM ounce gold resource (all categories)
– Inferred: 1.16 million
– Indicated: 400,000
4 drills turning and 2 more on the way
– Focus on resource expansion and confirmation
– Resource update planned for late 2011
84,000 ha property
– Target generation started in Q1
– Exploration drilling to commence mid-year
Low political risk
– Northern Ireland open for business and resource friendly
Experienced management and board
– Track record of discovery and development
Well funded
– Approximately 30 million in cash
– Management owns > 8%
3
4. Capital Structure
Cash of approximately $30 million
TSX: DNA and DNA.WT
Shares outstanding – 69.8 million
Fully diluted – 90 million
Market cap - $106.1 million
Average volume (3m) – 238,729
Analyst coverage
– GMP: Andrew Mikitchook
– Clarus: Laurie Curtis
Management and directors hold
approximately 8%
As at June 17, 2011
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5. The Board: A Track Record of Discovery and Development
Colin K. Benner Patrick F. N. Anderson
Chairman of Capstone Mining Corp., Chairman and Chief Executive Officer
Creston Moly Corp., and Corsa Capital Ltd. Former CEO of Aurelian Resources Inc.
Also Director of Colossus Minerals Inc.,
Joseph F. Conway Malbex Resources Inc. and Continental Gold
CEO of Primero Mining Corp. Limited
Former CEO of IAMGOLD Corporation
Keith D. McKay
Ronald P. Gagel Chief Financial Officer
Former SVP and CFO of FNX Mining Company Inc. Former CFO of Aurelian Resources Inc.
Also Director of Adriana Resources Inc. and And Director of Noront Resources Ltd.
Stonegate Agricom Ltd.
John McCombe
Thomas J. Obradovich Chief Operating Officer
Former CEO of Young-Davidson Mines Ltd. Director of Revett Minerals
Former Director of Aurelian Resources Inc. Former SVP, Operating Strategy of IAMGOLD
Chairman of Lago Dourado Minerals Ltd.
Carson Noel
Sean E. O. Roosen Executive Vice President
CEO of Osisko Mining Corporation Former General Manager, Aurelian Ecuador, S.A.
Also Director of Rio Novo Gold Inc. and
Garth Earls
Bowmore Exploration Ltd. Managing Director, Dalradian Gold Limited
Former Director, Geological Survey
Ari B. Sussman of Northern Ireland
Chairman and CEO of Colossus Minerals Inc.
CEO of Continental Gold Limited
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6. Exploring Northern Ireland
Devolved government within the United
Kingdom
Currency: pound sterling
Population: approximately 1.8 million
The government of Northern Ireland recently
invested approximately C$15 million in
geological surveys to attract investment
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7. The Tyrone Project: Overview
Lonmin PLC is exploring for
Excellent regional platinum and palladium
infrastructure
Our flagship asset is the
Curraghinalt mesothermal
high grade gold deposit
Over 84,000 hectares
under licence
Potential exists for further
precious and base metals
deposits
Galantas Gold Corporation
has been in production
since late 2007
Conroy Diamonds & Gold
exploring for gold along a
50 km trend
7
8. Active Resource Industry in County Tyrone
There are approximately 150 open cast operations in the region
Cavanacaw Gold Mine Sand and gravel pit
100 metres
Peat Harvesting Gortin Glen Logging
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10. Current Drilling Program: Resource Expansion
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
Please see Appendix for cross-sections.
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11. Veins open at depth
Longer holes intercept as many as nine veins
Proximity favourable for shared infrastructure
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12. Comparing Curraghinalt Drilling to Mesothermal Model
Demonstrates Potential for Expansion
Potential exists
to discover
additional veins
proximal to
resource and
new veins
outside the
principal zone
System open
along strike and
down dip
Additional After Colvine, A.C. et al, 1989.
potential to north An empirical model for the
and south formation of Archean gold
deposits: Economic Geology
Monograph (The Geology of
Gold Deposits: The Perspective
in 1988), p 37-53.
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13. Open along strike
Glaciated terrain
with minimal
outcrop
Drilling is primary
exploration tool
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14. Historic Prospecting Samples
On license DG1, 461
samples with grades from
0.1 g/t Au to 172.9
g/t Au
On license DG2, 691
samples with grades from
0.1 g/t Au to 201 g/t Au
and some float samples
with VMS style
mineralization including
one grading 8.8% Zn,
1.2% Pb, 1.7 g/t Au and
8.5 g/t Ag
On license DG3, 350
samples with grades from
0.1 g/t Au to 209.92 g/t Au
On license DG4, 261
samples with grades from
0.1 g/t Au to 187 g/t Au
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15. Dalradian: A Golden Opportunity in Northern Ireland
Initial strategy is to explore and develop Curraghinalt mesothermal gold deposit in
Northern Ireland
Dalradian is also exploring additional targets on its approximately 84,000-hectare
Tyrone Project
Well funded to execute on strategy
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17. Common Shares and Warrants Outstanding at March 22, 2011
Potential Proceeds*
All Canadian dollars unless otherwise stated Exercise Price Common Shares
(millions)
Common Shares 69,102,416
Warrants
Expiring August 10, 2011 2.25 13,180,500 29.7
Expiring August 10, 2011** 1.50 2,153,250 3.2
Expiring December 18, 2011 0.75 336,000 0.3
Total Warrants 15,669,750 33.2
Options
Expiring August 10, 2015 0.25 725,000 0.2
Expiring August 10, 2015 0.75 3,100,000 2.3
Expiring August 19, 2015 1.85 300,000 0.6
Expiring October 18, 2015 2.28 125,000 0.3
Expiring January 14, 2016 1.96 100,000 0.2
Total Options 4,350,000 3.6
Total Fully Diluted 89,122,166 36.8
* Proceeds are only realized if the options and warrants are exercised under the terms and conditions of the options and warrants.
** If warrants are unexercised as at August 10, 2011, holders have until February 10, 2012 to purchase 1,696,500 common shares at $1.50.
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18. Curraghinalt NI 43-101 Technical Report
Prepared by Micon International Limited
Dated May 10, 2010
Updated from November 2007 and reflects revised gold price
Curraghinalt Mesothermal Gold Deposit
Indicated
0.95 MT @ 13.24 g/t Au for 0.4 million contained ounces with an average width of 1.35 m
Inferred
2.46 MT @ 14.64 g/t Au for 1.16 million contained ounces with an average width of 1.18 m
Notes:
Subject to a 2% NSR royalty to Minco Plc and a 4% royalty to the Crown Estate on silver and/or gold production
Assumes US$900/oz and an economic cut-off grade of 5 g/t Au over a minimum thickness of 0.10 metres, diluted to 1 metre at 0 grade
Using a cut-off grade of 5 g/t
All veins less than 10 cm were excluded
Width or vein thickness is measured at 90 degrees to the vertical
"Vein thickness" refers to a zone of grade and may not be 100 per cent vein material
Please see "A Mineral Estimate for The Curraghinalt Gold Deposit and A Review of a Proposed Exploration Program for the Tyrone Project, County Tyrone and
County Londonderry, Northern Ireland" dated May 10, 2010 and available at www.dalradian.com
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19. Multiple High Grade Gold Veins
Name Width Grade Depth
Sheep Dip Vein 1.1 m 29.3 g/t 149.6 m
1.3 m 31.4 g/t 36.1 m
Mullen Vein 1.0 m 19.3 g/t 274.0 m
1.3 m 19.6 g/t 49.9 m
T-17 HW Vein 4.1 m 42.7 g/t 42.9 m
1.6 m 56.3 g/t 416.2 m
T-17 Vein 3.4 m 68.1 g/t 39.6 m
1.5 m 27.0 g/t 107.0 m
No. 1 Vein 2.0 m 48.7 g/t 77.0 m
1.3 m 65.7 g/t 159.8 m
106-16 Vein 2.0 m 24.0 g/t 41.5 m
3.3 m 16.9 g/t 615.7 m
Road Cut Vein 1.6 m 14.1 g/t 55.5 m
1.2 m 13.9 g/t 123.1 m
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23. A Golden Opportunity in
Northern Ireland
Patrick F. N. Anderson
Chairman and
Chief Executive Officer
Keith McKay
Chief Financial Officer
Trading Symbol:
DNA on TSX
Executive Office:
Dalradian Resources Inc.
155 Wellington Street West
Suite 2920
Toronto, ON M5V 3H1
www.dalradian.com
Shae-Lynn Mathers
Director, Investor Relations:
416-583-5622
smathers@dalradian.com