o Richard Fifer – Executive Chairman, CEO and
Director
?o Pascuál Montañés – President
?o Thomas Byrne – Secretary Treasurer and Director
??o JoaoC. Manuel – COO and CFO
??President & CEO of Petaquilla Minerals, Ltd.
?o Oriol Prósper – Corporate Attorney
????President US/Spain business counsel
Iberian Resources Corp.(”IRC”) has secured an outstanding value opportunity to build a new
resources company
o The opportunity arises because:
The previous owners had a very constrained view of a development concept
They were capital constrained for an extended period of time – the assets have been
essentially dormant for last three years
No modern exploration techniques or processing technologies have been considered
4
o Investment highlights include:
US$25.7 billion of in-situ metal resource (Au, Ag, Cu, Zn, and Pb)
Quality assets in attractive mining location with potential for regional consolidation
Significant gold resource capable of producing significant gold production near-term with
impressive exploration potential
Largest undeveloped polymetallic massive sulphide in the IBP
Significant exploration potential on all properties
Government support is enthusiastic for new projects
Market valuations suggest IPO value at $120+ million
Low sovereign risk (European Union)
-Friendly and cooperative regional
government
-Long mining history
o Number of mines currently operational:
o Lundin Mining – Neves Corvo (Cu, Zn)
o Inmet – Las Cruces (Cu) Open Pit Copper
o Iberian Minerals – Aguas Tenidas (Cu, Pb ,Zn)
Diversity and Optionality
Project development, advanced exploration, blue sky exploration potential
o The assets present a good balance of development and advanced exploration
through to significant blue-sky exploration potential
o Lomero-Poyatos has a base load of small high grade tonnes to deliver returns but
with open strike and down dip extensions of high quality intersections it has the
potential to be much more valuable
o Masa Valverde has the potential to be a very large bulk underground base metals
mine – drilling is needed to define development and processing methods. It
remains open and experts suggest grades could be lifted with in-fill drilling
o Regional options exist in exploration properties and regional consolidation
Upside Opportunities
o SRK’s 2002 open pit study explored the possibility of a 1mtpa open pit based on a 20mt
(3.1g/t Au) resource. IRC today sees the potential to be in excess of 1mtpa
o Spanish government grants: contributed Euro53m (~16%) towards Inmet’s Las Cruces in 2002
o Exploration upside from “identified promising anomalies to the north and east of the current
underground workings confirming indications that the ore body is open along strike and at
depth” (SRK – A Conceptual Mining Study... Dec 2002)
o Significant down-dip extensions and strike extensions in both directions have not been drilled
out: 16.65m @7.72g/t gold and 8.8% Lead / Zinc plus 16.5m @ 5.86g/t gold and 2.44% copper.
Feasibility and EIA completed within 24 months
o Appoint a focused and experienced management team to move to decision to commence
mining as soon as possible.
o Detailed data compilation and reprocessing exercise to develop a small number of drilling
targets to validate the resource model and development concept
o Drilling of dip and strike extensions to add high grade tonnes to the resource
o Detailed metallurgical testing of processing options for multi-product revenue streams
including prospect of co-development with Masa Valverde
Explore potential for capital cost reductions through our Chinese procurement expertise
o Develop new conceptual development study to maximize potential of production
commencing as soon as possible
Combination of multiple ore sources looks to be most promising
High grade underground targets: old remnant blocks, high grade north east extensions
and north west extensions, down dip extensions not drill tested
Open pit targets: shallow pit in Poyatos area plus re-examination of SRK large pit
Capital Cost Estimate
o Depending on the resource size and the mine design, the scale of the process plant and associated capital
cost is in the range of US$250m to US$300m
Government Approvals for a Larger Scale Operation
IRC is in ongoing high level discussions with the Andalucía Community regulatory bodies who have been
in favor of the development of a large scale mining operation since opening of Inmet’s ‘Las Cruces’ 1.4
mtpa operation.
o Given the historical mining that has occurred at the site and the Spanish government’s pro-mining stance,
IRC considers it a low risk that any regulatory obstruction might exist
The company has engaged Casimir Capital LP to raise the funds needed to
fulfill the corporate strategy.
Golder & Assoc. has been retained to qualify the resource to NI 43-101
36
Lang Michener LLP is legal counsel
Auditors to be appointed
The company plans to apply for a full TSE listing in Q4, 2010
The company proposes a 5 million share offering at
Cdn$0.60 per share for gross proceeds of Cdn$3.0
million to complete the necessary NI 43-101 resource
estimates for a subsequent IPO.
o Propose a Cdn$15M IPO financing at Cdn$3.28 per
share to fund G&A and drilling programs
Shares Gross
Proceeds
Current Outstanding 18,635,110
Debt Settlement (US$) $0.40 375,000 $150,000
Warrants (US$) $0.14 600,000 $84,000
$0.40 795,474 $318,190
$0.60 605,263 $363,158
Options $0.14 1,450,000 $203,000
Current Fully Diluted 22,460,847
Seed Round (US$) $0.60 5,000,000 $3,000,000
37
o Post IPO we expect to have 32 million fully diluted
shares outstanding and an expected share price of
Cdn$3.85 per share (see pg. 9)
o This implies a return of 540%.....
AI
