TSX--V: CZH TSX
INVESTOR PRESENTATION TAYSAN COPPER - GOLD PROJECT, PHILIPPINES
PROJECT SUMMARY1 SUMMARY OF TAYSAN PROJECT1 MINE LIFE:
25 Years
TREATMENT RATE:
30 Mtpa
TOTAL PRODUCTION:
3.3 Billion lbs Cu, 1.4 Moz Au
ANNUAL AVE PRODUCTION:
168Mlbs Cu, 73 Koz Au (Yr 1-7)
INITIAL CAPITAL COSTS:
US$914 $ Million
CASH COST (C1 COST):
US$0.90/lb Cu (Yr 1-7)
PROJECT NPV AT 10%2:
US$989 Million
PROJECT IRR2:
30% post Tax, 33% pre Tax
and other byproducts.
133 Mlbs Cu; 57 Koz Au (LOM)
US$1.18/lb Cu (LOM)
Notes: 1. The proposed operational parameters of the Taysan Project were determined based on an internal analysis which is a preliminary assessment using a non NI43-101 compliant resource and there is no certainty that the preliminary assessment will be realized. Crazy Horse makes no representations or warranties regarding the project’s estimated net present value or the assumptions set forth on this page used to calculate the net present value. 2. The Taysan Project economics are based on a copper price of US$3.00/lb and gold price of US$1,000/oz and assumes no leverage. 1
PROJECT AREA f
Excellent location in Batangas Province, 100 km south of Manila
f
20 km from the city of Batangas, the major port and industrial centre off the th Philippines. Phili i TAYSAN PROJECT TENEMENTS
EP #
Date of Grant
Area, ha
EP-IVA-005
20-Dec-2005
4,086
EP-IVA-016
27-May-2010
3,500
EPA-IVA-081
in progress
333
EPA-IVA-108
in p progress g
1,167 ,
EPA-IVA-111
in progress
2,168
Total
11,254
Source: Technical Review of the Taysan Project prepared by Geosynthesis Pty Ltd, June 2010. 2
DISCOVERY OUTCROP
Taysan Deposit - Discovery Outcrop and October 2010 Core below
View looking north over the Taysan Deposit
View looking west over the Taysan Deposit Source: Technical Review of the Taysan Project prepared by Geosynthesis Pty Ltd, June 2010. 3
CAPITAL STRUCTURE CAPITAL STRUCTURE OF CRAZY HORSE RESOURCES AS AT FEBRUARY 1, 2011
Amount Common shares outstanding as at
Exercise Price
Expiry Date
49 359 123 49,359,123
$1 47 average 30 day $1.47
1,480,000
$0.31
December 31, 2011
5,666,666
$1.25
October 21, 2011
Agent Compensation Options
793,333
$0.75
October 21, 2011
Broker Warrants
560,000
$1.25
January 28, 2012
Agent Compensation Warrants
396,667
$1.25
October 21, 2011
370,000
$0.27
Julyy 7, 2014
2,066,500
$0.75
November 12, 2015
300,000
$1.27
December 8, 2015
200 000 200,000
$1 60 $1.60
January 16, 16 2016
February 1, 2011 Warrants
Employee Stock Options
Fully Diluted Shares Outstanding CASH $12M*
61,192,289 MARKET CAP $71.1M (ISSUED)
$88M (FULLY DILUTED)
f
Management g interest - 21% and restricted
f
Substantial investors from Canada, USA, UK, Switzerland and Philippines Substantial and Sophisticated Shareholders’ List with Management Commitment
* As of 01 February, 2011
4
SUMMARY OF TAYSAN COPPER - GOLD PROJECT f
The Taysan Project is located in southern Luzon, Philippines in the well developed industrial province of Batangas, approximately 100 km south of Manila.
f
The Project comprises two exploration permits and three exploration permit applications over a contiguous area of 11,254 hectares with excellent exploration upside.
f
The Taysan Project hosts a large copper-gold porphyry deposit (the “Taysan Deposit�) similar to other pp g p porphyry p y y deposits p p previously y mined in the Philippines. pp copper-gold
f
A total of 195 drillholes for about 44,531m have been completed since 1968. Feasibility studies have been carried out by BHP Engineering and Pincock Allen & Holt.
f
Snowden (1995) reported a resource (0.2%Cu cut off) of 391Mt @0.30% Cu and 0.21gpt Au. Recent Whittle modelling at $2.50/lb Copper and $1000/oz Au shows an economic deposit containing 734 Mt at 0.24% Cu and 0.11 g/t Au.
f
Clean, high grade copper concentrate with gold, silver, magnetite and other by-products.
100% Ownership, 3 Year PayPay-Back, Established Resource with Exploration Upside, Close to Port No Indigenous People, Very Clean Concentrate, Industrial Province, Low C1 Costs Years 1 1--7, Very Low 0.56/1 Waste : Ore Ratio, Higher Grade Starter Pit with ByBy-Product Credits, Arid Scrub Land 5
CRAZY HORSE - A LEVERAGED PLAY ON COPPER NPV (US$M)
2,500
2,000
IRR
A 33% INCREASE IN THE COPPER PRICE BECOMES 108% INCREASE IN PROJECT VALUE
60% US$2,055M
50%
$43.75/shr
US$1 523M US$1,523M
40%
$32.41/shr
30%
1,500
US$989M
1,000
20%
$21.06/shr
500
US$455M 10% $9.68/shr
0
0% US$2.50 /lb
US$3.00 /lb
US$3.50 /lb
US$4.00 /lb
Copper Prices NPV of Project at 10% DR
IRR of Project
Note: The proposed economics of the Taysan Project are based on an internal analysis which is a preliminary assessment, and there is no certainty that the preliminary assessment will be realized. Crazy Horse makes no representations or warranties regarding the project’s estimated net present values. The economics are based on a copper price as stated above and gold price of US$1,000/oz and calculated on post-tax project cash flows and assumes no leverage. Per share values reflect a 100% interest in the Taysan Project, fully diluted Crazy Horse shares of 47 million (post-placing) and excludes any withholding taxes. 6
MANAGEMENT TEAM f BRIAN LUECK
President, CEO and director of Solfotara Mining Corp. Chief Operating Officer of Copper Development Corporation (CDC) Member of the Professional Engineers and Geoscientists of British Columbia
f JOHAN RAADSMA
Over 30 years of experience in mining and resource development including 5 years as director for NM Rothschild & Sons (Australia) Ltd. President Phil Gold Processing & Refining Corp., Non-executive Director of Sierra Mining Limited (ASX) and Project Manager of Copper Development Corp. Directed and participated in start-up projects ranging from US$15$ $750M $ in capital, including the Masbate Gold Project in the Philippines
f DARRYL CARDEY
President of Cardey Management Corp., a venture capital financing and investment firm Chartered Accountant from the Institute of Chartered Accountants, British Columbia Director of Minaurum Gold Inc. (TSX-V), Millrock Resources Ltd. (TSX-V) and Tatmar Ventures Inc. (TSX-V)
f DARREN DEVINE
President of Chelmer Consulting Corp., a corporate finance and securities advisory firm A bbarrister i andd solicitor li i in i British B i i h Columbia C l bi andd solicitor li i in i England E l d & Wales W l Chairman of Centric Energy Corp. (TSX-V), EVP of Petro Vista Energy Corp and director of Dejour Enterprises Ltd. (TSE)
Chairman & Director
President, CEO & Secretary
CFO & Di Director t
Director
f ANDREW VIGAR
Mining Associates, Head Project Consultant
Geologist g with 32 years y experience p who formed Miningg Associates in 2003 Held positions with Utah, Emperor, WMC and CRAE prior to consulting in 1996 as Vigar & Associates which became part of SRK Consulting where he built and managed the Brisbane practice Completed feasibility work on the Philippine projects Runruno and Masbate 7
NORSEMONT’S CONSTANCIA PROJECT COMPARABLE f
Norsemont Mining has been offered a take-over bid from HudBay Minerals. Under the Offer, holders of common shares of Norsemont have the right to elect to receive as consideration for each deposited Norsemont common share, either: (a) 0.2617 of a HudBay common share and $0.001 in cash or (b) cash in an amount that is greater than $0.001, cash, $0 001 not to exceed $4 $4.50, 50 and and, if less than $4.50 in cash is elected, the number of HudBay common shares equal to the excess of $4.50 over such elected cash amount, divided by $17.19, subject, in each case, to pro-ration and rounding as set out in the Offer and take-over bid circular.
Constancia Project
Taysan Project
277.4Mt @ 0.43% Cu
734Mt @ 0.24%Cu, 0.11gpt Au plus silver, magnetite and molybdenum by-product potential. High p g g grade starter p pit
2.63B lbs Cu
3.88B lbs Cu and 2.7Mozs Au contained
600km SE of Lima, Peru
20km to port of Batangas, Philippines
Market Cap $353 M
Market Cap $69 M
Project NPV $780 M – 840 M
Project NPV $989 M
EV / NPV (approx.) 0.42 – 0.45x
EV/NPV (approx.) 0.06x
EV / lb (US$/lb) $0.13
EV / lb (US$/lb) $0.01
Production Start Est. 2015 - 6
Production Start Est. 2014-5 8
COPPER MOUNTAIN COMPARABLE f
October, 2008 - Mitsubishi Materials buys a 25% project interest in Copper Mountain Mining’s Similco project for C$28.7M
f
May, 2010 – Mitsubish Materials secures US$322M in project financing through senior credit agreement and term loan and secures 100% off take agreement
Copper Mountain Project
Taysan Project
211Mt @ 0.36%Cu
734Mt @ 0.24%Cu, 0.11gpt Au plus silver, magnetite and molybdenum by-product potential. High grade starter pit
1.7B lbs Cu contained
3.88B lbsCu and 2.7Mozs Au contained
270km East of Vancouver
20km to port of Batangas, Philippines
12Mtpa project for $438M capex refurbish
30Mtpa for $914M capex
Market Cap = $664 Million
Market Cap = $69 Million
Not Available
C1 cost $0.52/lb Cu Y1-3, $1.17 Life of Mine
* May 31, 2010, www.northernminer.com 9
TERRANE’S MT MILLIGAN COMPARABLE f
Thompson Creek Metals Company Inc. and Terrane Metals Corp.jointly announce that they have entered into a definitive agreement pursuant to which Thompson Creek will acquire all of the issued and outstanding equity of Terrane for C$0.90 in cash and 0.052 Thompson Creek common shares per Terrane share. day. The total value of the consideration offered to the shareholders of Terrane is approximately C$650 million.
f
Mt Milligan has similar bottom line economics as Taysan with LOM strip ratio of 0.84:1, slightly higher than Taysan, lower Cu grade against higher Au grade.
Mt Milligan Project*
Taysan Project
482.4Mt @ 0.2% Cu and 0.388gpt Au Reserve
734Mt @ 0.24%Cu, 0.11gpt Au plus silver, magnetite and molybdenum by-product potential. High grade starter pit
2.1B lbs Cu and 6.02Mozs Au contained
3.88B lbs Cu and 2.7Mozs Au contained
155km NW of Prince George, central BC, Canada
20km to port of Batangas, Philippines
20Mtpa for $915M capex
30Mtpa for $914M capex
Sale Price = $650 Million
Market Cap = $69 Million
2.2 year payback, 30% IRR, NPV (10%) $1.17B at $3/lb Cu and $1,000 oz Au
3 year payback, 33% IRR, NPV (10%) $1B at $3/lb Cu and $1,000 oz Au
* www.terranemetals.comrthernminer.com 10
ATTRACTIVE C1 COST DRIVES ECONOMICS
Huckleberry
Gibraltar G
Lumwa ana
Taysan C1 costs are attractive due to its by-product credits, low strip ratio, proximity to infrastructure, low coal energy costs and attractive labor costs in the Philippines
KGHM P Polish Copper
f
Phu Kham
Mines that opened after 2002 tended to be at the high end of the 2008 C1 composite cost curve
Escondido
f
LOM Y1 7 Y1-7
11
HIGHLY COMPETITIVE C1* COST f
Taysan would rank 42nd lowest in cost out of 214 copper producers
f
Low Waste : Ore ratio of 0.56 against industry average of 2.5:1 in 2008
C1 Cost at Developing & Operating Mines – 2010 Forecast Basis Mine Site Escondido
Payable Metal (Mlbs/annum)
By Product Credits (c/lb)
C1 (c/lb)
2 379 3 2,379.3
78 7.8
88 7 88.7
Taysan (Y1-7)
168.0
62.0
90.0
Phu Kam
138.2
42.8
106.4
Taysan (LOM)
133.0
61.0
118.0
Sepon - Khanong
141 2 141.2
-
120 7 120.7
KGHM Polish Copper
908.8
77.9
121.3
Philex
39.1
-
123.9
Lumwana
319.8
-
140.4
Atlas
41 3 41.3
57 0 57.0
141 9 141.9
Highland Valley
181.1
78.9
150.6
Olympic Dam
374.9
133.0
176.1
Mount Polley
42.2
-
180.2
Gibraltar
107.3
19.2
184.9
Kemess
48.8
-
214.4
Huckleberry
38.5
11.2
222.2
Source: Brook Hunt 2010. *C1 = cost to produce one lb of Cu comprising of minesite costs, freight & marketing, TC/RC with credit for byproducts.
12
PARTIAL STUDY FINDINGS
13
GEOLOGY f
Completed 10 holes to confirm historic resource ahead of schedule and on budget
f
Assays returned from five drill holes
f
CZT001 - 214m of 0.38 0 38 % Cu, Cu 0.12 0 12 g/t Au and 1.4 g/t Ag from 62-276m
f
CZT002 - 487.3 meters @ 0.40% Cu, 0.15gpt Au and 1.45gpt Ag. Strong silver grades persist
f
CZT 003, CZT 004 and CZT 005 averaged 414 meters of 0.32% Cu, 0.12gpt Au and 1.20gpt Silver
f
CZT006 drilled 477 meters of 0.41% Cu, 0.11 g/T Au and 1.44 g/T Ag
f
Low grade (0.1-0.2%) Copper values may have been underestimated by 50-100%
f
Mid range grades in line with historic values
f
High grade values are higher due to improved drilling and assaying techniques
f
Total of 5,715.3m of the program drilled with all critical holes completed by 23 December, 2010
f
Magnetic survey on exploration target being conducted 14
CONFIRMATORY DRILLHOLES
15
ASSAY RESULTS IMPROVE ON HISTORIC FINDINGS
16
METALLURGY f
Completed Comminution and flotation testwork programs. Gold results are pending.
f
RMWI results indicate that the “coarse particle” hardness of Taysan ore would be regarded as being g on capex layout. y Power in line with assumed. of onlyy a moderate hardness level. Savings
f
Taysan ore would be classified as being only moderately abrasive – and perhaps at the low end of the moderate abrasivity category.
f
The 106 µm grind did produce a slightly higher grade-recovery response on comparable samples.
f
pp rougher g recoveryy increased with the copper pp head g grade although g in all tests,, The final copper recoveries in excess of 90% were produced.
f
The flotation process was quite rapid with the 90% recovery level being generally attained with one to two minutes of flotation time,
f
In all tests, only a minimal recovery increase was produced in the final flotation stage suggesting that 7.5 minutes of laboratory rougher flotation time would suffice in most instances.
17
PROCESS PLANT FLOWSHEET f
Conventional Sag/BM dual train flotation plant
f
Opex $4.12/metric tonne processed
f
AMEC Installed capex estimate $350m ($405m CZH Estimate)
18
PROCESS PLANT GENERAL ARRANGEMENT
19
OPTIMIZATION PARAMETERS f Copper Price:
$2.50/lb
f Gold Price:
$1000/tr.oz
f Processing cost:
$4.12 /t Milled
f Grade control cost:
$0.04/ t Ore
f Mining loss:
2.5%
f Dilution:
0%
f Processing rate:
30Mtpa
f TC:
$50/dmt con
f RC:
$0.05/lb Cu
f Road freight:
$5.0/wmt con
f Transport + marketing:
$0.13/lb Cu
f Mine gate copper price:
$2.20/lb
f Overall pit slope angle:
Weathered 37o Fresh 45o
20
3D VIEW OF OPTIMIZED PIT
STARTER PIT SHELL ( 2)) (Pit
FINAL PIT SHELL (Pit 13)
10 YEAR PIT SHELL (Pit 6)
21
LOM 25 YEARS WITH HIGH GRADE STARTER PIT f Pit 2 – 3.5 years. C1 - $0.52 rec. lb - 105Mt at 0.35% Cu and 0.16g/t Au for 61Mt waste f Pit 6 – 10 years years. C1 - $0.80 $0 80 rec rec. lb . 311Mt at 0 0.28% 28% Cu and 0 0.13g/t 13g/t Au for 165Mt waste f Pit 13 – LOM. C1 - $1.17 rec. lb - 721Mt at 0.23% Cu and 0.11g/t Au for 545Mt waste f Additional Silver will reduce C1 cost by approximately $0.18/ rec. Lb Cu f Magnetite (62% Fe <75 micron) will further reduce C1 cost by approximately $0 $0.30/rec. 30/rec Lb Cu
22
SECTION A Topography
B off O Base Oxide id
Starter Pit Shell (Pit 2) 10 Year Pit Shell (Pit6) Final Pit Shell (Pit13)
23
SECTION B Topography
B off O Base Oxide id
Starter Pit Shell (Pit 2) 10 Year Pit Shell (Pit6) Final Pit Shell (Pit13)
24
INFRASTRUCTURE f
Identified numerous port options around Batangas Bay. Working with consultants and the Philippines Port Authority
f
GHD advanced in g Tailings g delineating Storage Facility concept and location
f
Evaluating grid, coal and gas power options
25
CORPORATE SOCIAL RESPONSIBILITY f
Completed surface right acquisition strategy including tax mapping
f
Retained GAIA South for socio-environmental studies
f
Excellent local government and community relations
26
TAYSAN PROJECT OVERVIEW
27
THE PHILIPPINES f
History: Became independent in 1946
f
Government: President Benigno Aquino III ￚ
Pro-Mining Government
f
Population: 99 Million
f
GDP: US$161 Billion
f
Natural Resources
f
ￚ
Untapped mineral wealth estimated at US$1,387 billion
ￚ
Top 5 in mineral resources globally
ￚ
Copper, gold and chromate deposits are g the largest g in the world among
Recently Developed Mines ￚ
Masbate
ￚ
Atlas
ￚ
Co-O (Medusa)
ￚ
Red 5
Source: CIA World Factbook; PMEA Presentation, February 2010.
28
HISTORY OF THE PROJECT 1960s:
- Dr. Wolfe recognizes the copper porphyry style mineralization in 1968 and claims it through Taysan Copper Inc. (TCI). - Occidental Minerals options the ground and completes an IP survey and diamond drilling.
EARLY 1970s: - Property returns to TCI and TCI completes ground magnetic and IP surveys surveys, followed by 20 drill holes (2 (2,130m). 130m) - Property optioned to Newmont who drills 17 holes (5,532m). Property returned to TCI due to change in corporate policy. 1977 - 1985:
- Benguet Corp enters agreement with TCI and completes 66 drill holes (18,595m) and metallurgical and engineering studies. - Benguet Corp suspends activities on the Taysan property to pursue another project.
1991 - 1995:
- Chase acquires an option over shares of TCI. Chase completes 30 drill holes (7,784m) and commissions Snowden to complete a reserve estimate and geostatistical study and Optimet Laboratories to complete a metallurgical study. - The Batangas project (which included the Taysan project) is joint ventured to Magma Copper Company in 1995.
1996 - 2000:
- IP survey, soil geochemistry and 11 drill holes completed. Chase terminates agreement with TCI in 1998.
2004 - 2007:
- Phelps Dodge applies for exploration permit (EP-IVA-005). Airborne and ground magnetic surveys undertaken. - Freeport acquires Phelps Dodge and regional exploration program undertaken by Kumakata Mining (Freeport) including IP surveys, stream sediment sampling and RC and diamond drilling of regional targets. - Kumakata enters into a joint venture with Japan, Oil, Gas and Metals National Corporation (JOGMEC) for respective interests of 60% and 40% in EP-IVA-005.
2010:
- Taysan Copper Corporation enters agreements with Kumakata and JOGMEC to acquire their interests in the Taysan Project. - Crazy C H Horse enters agreement to acquire i 100% iinterest iin the h T Taysan P Project j ffrom T Taysan C Copper C Corporation. i
Source: Technical Review of the Taysan Project prepared by Geosynthesis Pty Ltd, June 2010. 29
HISTORIC DRILLING f
The project tenement area has been explored and drilled by four companies since 1968
f
195 drill holes have been drilled up to 2009 for a total of about 44 44,531m, 531m of which 144 holes totalling 36,562m were drilled at or nearby the Taysan Deposit HISTORIC DRILLING OF TAYSAN PROJECT AREA Date
Holes
Type
Meterage
1983
2
DH
328
1970s
19
DH
6,356
Newmont
1970s
23
DH
2,293
TCI
1977-1985
66
DH
18,595
Benquet
1992-1993
25
DH
7,183
Chase
1996
7
DH
606
2007
10
DH
3,520
Kumakata
2006-2007
41
RC
4,449
Kumakata
2009
2
DH
1,200
Kumakata
195
Company TCI
Chase/Magma
44 531 44,531
Source: Technical Review of the Taysan Project prepared by Geosynthesis Pty Ltd, June 2010.
30
HISTORIC RESOURCE ESTIMATES* TAYSAN HISTORICAL RESOURCE ESTIMATES* Contained
Contained
Company
Author
Date
Cut-off
Cu, %
Au, g/t
M tonnes
Cu, Million lb
Au, oz
Benguet
PAH
1981
NA
0.32
0.31
309
2180
3,079,718
Chase
Chase
1993
NA
0.31
0.13
336
2296
1,404,344
Chase
Snowden
1994
0.20%
0.29
0.23
403
2577
2,980,050
Chase
Snowden
1995
0.20%
0.30
0.21
391
2586
2,639,896
CZH
Mining
2010
0.10%
0.24%
0.11
734
3882
2,595,894
Associates *A qualified person has not done sufficient work to classify the historical estimate as current mineral resource or mineral reserves. The Company is not treating the historical estimate as current mineral resources or mineral reserves as defined in NI 43-101. The historical estimates disclosed in this Presentation should not be relied upon.
Source: Technical Review of the Taysan Project prepared by Geosynthesis Pty Ltd, June 2010. 31
GENERAL SITE LAYOUT
32
GEOLOGY AND MINERALISATION
Interpreted geology showing mineralised units ( (Source: Erceg, 1995) 199 )
33
DEVELOPMENT TIME LINE
Months 55>>
Establishmeent and Scoping SStudy
Months 37 ‐ 54
Review and restructure Board and Management and systems Raise $7M to take the company to completion of Scoping Study Support the current exploration team with an expanded exploration program pp p p p p g Commence liaison with local stakeholders Commence permitting for Taysan operations Complete technical background work and upgrade of current resource estimates.
Feasibility Study
Months 25 ‐ 36
• • • • • • • • • • •
Drilling resources extensions and update resource models. Drilling resources extensions and update resource models Detailed design, engineering, for construction of a mine and mill Infrastructure, port access, water and power Apply for a FTAA– expected to take 6 to 12 months for approval Review exploration results for 2011 and design and budget 2012 program.
C Capital raising
Months 7 ‐ 24
Ongoing exploration program to firrm up resource.
Months 1‐6
KEY OBJECTIVES
• • • • •
Final design for construction Recruit appropriate mine and support staff Source materials for construction to commence, order long lead‐time items Complete permitting C i l ii Capital raising and commence construction d i
Construct
STAGE
DATE
• • •
18 Months construction period Immediate drill‐ready targets to extend life beyond 25 years Production target 2015
• •
Production ramp‐up Full production within 12 months
34
DISCLAIMER This presentation, and the information contained herein, is not for release, distribution or publication into or in the United States or any other jurisdiction where applicable laws prohibit its release, distribution or publication. This presentation (“Presentation”) is being issued by Crazy Horse Resources Inc. (the “Company”) for information purposes only in relation to the Company’s proposed private placement (“Placing”) of units of the Company (the “Units”). Reliance on this Presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. This Presentation is not a prospectus or an advertisement and is being provided for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or anyy solicitation of anyy offer to p purchase or subscribe for anyy Units in Canada, the United States or anyy other jjurisdiction. Neither this Presentation, nor anyy p part of it nor anything y g contained or referred to in it, nor the fact of its distribution, should form the basis of or be relied on in connection with or act as an inducement in relation to a decision to purchase or subscribe for or enter into any contract or make any other commitment whatsoever in relation to any common shares of the Company. No representation or warranty, expressed or implied, is given by or on behalf of the Company, its directors and affiliates or any other person as to the accuracy or completeness of the information or opinions contained in this Presentation and no liability whatsoever is accepted by the Company, its directors and affiliates or any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. No final decision has been made to proceed with the Placing. Such a decision will be taken only after assessing market feedback and prevailing market conditions. This Presentation does not constitute a recommendation regarding the Units or an investment therein. The proposed issuer has not been and will not be registered under the United States Investment Company Act of 1940, as amended (the “Investment Investment Company Act Act”)). In addition, addition the securities have not been and will not be registered under the US Securities Act of 1933, 1933 as amended (the “Securities Securities Act Act”)). Consequently, Consequently the Units may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons, except pursuant to an exemption from the registration requirements of the Securities Act and, if determined to be an issue, under circumstances which will not require the Company to register under the Investment Company Act. No public offering of the Units is being made in the United States. The contents of this Presentation are confidential and may not be copied, distributed, published or reproduced in whole or in part, or disclosed or distributed by recipients to any other person. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this Presentation or on its completeness, accuracy or fairness. Prospective investors should not treat the contents of this Presentation as advice relating to legal, taxation or investment matters, and must make their own assessments concerning these and other consequences of the various investments, including the merits of investing and the risks. Prospective investors are advised to consult their own personal legal, tax and accounting advisors and to conduct their own due diligence and agree to be bound by the limitations of this disclaimer. Certain statements, beliefs and opinions in this Presentation (including those contained in graphs, tables and charts) are forward-looking, which reflect the Company’s or, as appropriate, the Company’s directors’ current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this Presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this Presentation. Completion of the acquisition of Taysan Copper Corporation (the “Acquisition”) is subject to a number of conditions, including TSX Venture Exchange acceptance and disinterested shareholder approval. The Acquisition cannot close until the required shareholder approval is obtained. There can be no assurance that the Acquisition will be completed as proposed or at all. Investors are cautioned that, except as disclosed in any Management Information Circular or Filing Statement to be prepared in connection with the Acquisition, any information related or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed Acquisition and has neither approved nor disapproved the contents of this Presentation. The Company has not engaged a sponsor in connection with the Acquisition. The Company intends to apply to the TSX Venture Exchange for waiver from certain requirements of the TSX Venture Exchange’s g RTO p policies, including g but not limited to, engaging g g g a sponsor p and holding g a shareholder meeting. g The geological data in this Presentation is based on a technical report prepared in accordance with National Instrument 43-101 (“NI 43-101”) by R.Sowerby, of Geosynthesis Pty Ltd. Brian Lueck, the proposed new director of the Company, is the qualified person who has reviewed the geological data summarized in this Presentation on behalf of the Company. Issued by Crazy Horse Resources Inc. Registered office at Suite 900 – 595 Howe Street, Vancouver, British Columbia V6C 2T5, Canada.
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CONTACT INFORMATION REGISTERED OFFICE
PHILIPPINES OFFICE
INVESTOR RELATIONS
Suite 900 â&#x20AC;&#x201C; 595 Howe Street
10F, 105 Paseo de Roxas
KIN COMMUNICATIONS
Vancouver, British Columbia
Legaspi Village, Makati City
Tel: +1 604 684 6730
V6C 2T5, 2T5 C Canada d
Metro Manila 1229, Philippines
Toll Free: +1 866 684 6730
www.crazyhorseresources.com
ir@kincommunications.com
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