Dianor resources presentation, june 14 2011, tsxv dor otcqx rsdnf
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Transcript of Dianor resources presentation, june 14 2011, tsxv dor otcqx rsdnf
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Forward Looking Statements
Certain information contained in this presentation constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.
These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating commodity prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
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Who We Are
Dianor Resources Inc.
is a Canadian resource company
focused on the discovery, exploration, and development
of diamond deposits in Ontario and Quebec
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Our History
Dianor Resources Inc. was incorporated in 1987 as Kimex Resources Inc. The initial focus of the company was gold and base metal exploration in Canada.
In 1993 Kimex Resources Inc. was renamed Dianor Resources Inc.
In 2002, Dianor discovered the first diamond in the James Bay, Quebec, diamond exploration area play.
In 2004, Dianor acquired the Leadbetter Diamond Project in Wawa, Ontario, and commenced an aggressive exploration program of sampling, pitting, and drilling.
In 2006, Dianor spun off all non-diamond exploration properties into a separately traded company through a special shareholder dividend: Threegold Resources Inc (TSX-V:THG)
In 2009, Dianor announced a diamond mineralized volume of 566,000,000 tonnes for the Leadbetter Diamond deposit, and received approval for a 50,000 tonne bulk sample.
In mid 2010, Dianor negotiated a C$30MM Equity Line of Credit, the first in Canada for a resource exploration company.
In late 2010, Dianor negotiated a C$10MM debt financing to facilitate development of the Leadbetter Diamond Deposit
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Management & Exploration Team
President and CEO
Director True North Gems;
Senior Geologist, 11 years with Rio Tinto
CFO & Chairman of the Board.
15 years with Agnico Eagle, accounting department.
Corporate Controller
Accountant
Project Manager, Wawa, ON
Chief Mining Engineer, 25 years,
Algoma Steel.
John Ryder P.Geo.
Daniel Duval
Gérard Roy
Pascal Gagnon CMA
Thomas E. Landers M.Sc. P.Eng
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Directors
Business Development Consultant
Mining Geologist and Independent AnalystManaging Director – Mining Insights Inc. Ex Portfolio Manager - TD Asset Management IncEx Analyst - Newcrest Capital, Ord Minnett Ltd, S.G. Warburg.
Owner of Four Seasons Drywall Systems
Gemmologist with 30 years experience in jewellery manufacturing, design & marketing. President of Cadiam Investments Ltd.President of True North Gems Inc.
Pierre PaquetVal d’Or, QC
Jim Steel, MBA P.GeoToronto, ON
Werner ZapfeScarborough, ON
Nicholas HoughtonVancouver, BC
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Financial Structure
DIANOR RESOURCES
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Stock Price (Jan 1, 2011): $0.065
Min. & max. Price, past 52 weeks: $0.055-0.125
Issued Stock: 263 M
Market Capitalization: $17.1 M
Warrants: 110.1 M av. $0.10
Options: 11.1 M av $0.26
Fully Diluted: 384.2 M
Largest Shareholders: Mineral Fields
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Diamond Market Fundamentals
Few greenfield discoveries over the past 10 years
Global production declining with ageing mines
World diamond reserves remaining:
estimated 12 to 17 years
Diamond demand growing in BRIC countries
Diamonds becoming a safe haven like gold
*Source RBC Capital Markets
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Diamond Market Outlook
The USA accounts for approx. 40% of global demand; China/ Hong Kong accounts for approx. 10% of global demand currently1.
China and India should account for >50% of incremental global demand growth to 20171.
In 2025, there will be 221 Chinese cities with a population of over 1M people vs. 107 in Europe, Japan and the US combined2.
Chinese jewellery giant Chow Thai Fook is planning to open 1,000 new jewellery stores by 20202.
India has been the fastest growing diamond jewellery market with a 5-year CAGR greater than 20%1.
If Chinese middle class diamond demand is equivalent to that of Taiwan, the global diamond industry must double diamond supply annually to meet the incremental demand1.
Source: RBC Capital Markets’ 4th Annual Diamond Conference – 1. DeBeers; 2. McKinsey and Co; 3. Chow Thai Fook.
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Global Diamond Supply/Demand (1)
Rough Diamond Supply & Demand
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Global Diamond Supply/Demand (2)
Source: Harry Winston Corporation - 2011
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Global Diamond Supply/Demand (3)
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China’s Polished Diamond
Imports
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Rough Diamond Price, Indexed
Slide source: Stornoway Diamonds & WWW International Diamond Consultants
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The Leadbetter Diamond
Project
The LARGEST undeveloped diamond deposit
549 to 583 million tonnes
2.7 billion years old
Diamonds Gold Rubies/Sapphires
(from Leadbetter 70 tonnes sample) (illustration only) (from Leadbetter 6 tonnes sample)
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Canada’s Diamond Mines and
Advanced Projects
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Leadbetter Total Surface Area
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Surface Area Comparison
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Leadbetter Project Status
Leadbetter Diamond Project
1. Exploration – 179 drill holes for 50,523m; 7.6 tonnes core sampled for diamonds.
2. Studies found diamonds in conglomerate rock, but with kimberliteaffinity and mineralogy.
3. High grade zones >1 cpt possible in rock unit designated for bulk sampling.
4. 50,000 tonne bulk sample approved May 2009by Ontario Government
5. Applications for operating permits submitted; in process.
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Leadbetter Diamond Project
Pit Sampling:
2005: 105 sites excavated; 94 of the sites in conglomerate. 349 tonnes extracted and processed by DMS, yielding 3,603 diamonds weighing 82.7 carats (24 cpht).
2006-2007: Four of the original test sites were resampled (70 to 80 tonnes each) and 298 tonnes of material processed yielding 3,265 diamonds; largest diamonds were 1.522 and 1.011 carats in size.
Total weight of the diamonds recovered was 89.47 carats (30 cpht). Individual sample diamond grades ranged from 11.69 to 42.53 cpht.
Of Interest – Gold, Rubies, Sapphires
Gold values: 6 samples have values greater than 1.0 g/t gold
Highest analysis was 9.01 gpt (grams per tonne) gold
Gem-quality rubies and sapphires were also recovered
Gold, rubies, sapphires not quantified.
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Leadbetter Bulk Sampling
Bulk Sampling: Conglomerate
Bulk sampling programme to recover up to 20,000 carats of diamonds
Establish a per carat dollar value for the diamond parcel(s)
Establish diamond grade(s) for the main conglomerate
Define a measured + indicated resource for part of the deposit
On Positive Results:
(a) Proceed to pre-feasibility & feasibility studies to determine economics of
mining the property
(b) Advanced exploration and bulk sampling of remaining areas on the
property
Bulk Sampling: Alluvials
Bulk sampling programme planned for 1,000+ tonnes of alluvial material to recover diamonds, gold, and rubies/sapphires
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Bulk Sampling: Schedule
Environmental (water) permits; data collection, permit applications, receipt of water permits: 2011 to Summer 2012
Equipment orders: Sampling Plant including 20 tph DMS plant and crushers: Summer 2011 to Spring 2012
Site preparation: Autumn 2011
DMS plant assembly and trials: Spring/summer 2012
Commencement of Northern decline: Spring/Summer 2012
DMS processing facility–operational to treat blasted conglomerate: Spring/Summer 2012
Processing of concentrates for diamonds, rubies & sapphires: Summer/ Autumn 2012
First of continual diamond recovery results: Summer 2012
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Leadbetter Bulk Sampling
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Bulk Sampling Budget
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Bulk Sampling Budget
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Bulk Sampling Budget
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Contact Information
Dianor Resources Inc.649, 3rd Avenue, 2nd Floor
Val-d’Or, Québec, Canada
J9P 1S7
Tel. : (819) 825-7090
Fax. : (819) 825-7545
www.dianor.com
John Ryder P.Geo, CEO;
Tel. : (819) 354-2090
