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Disclaimer
This presentation includes certain “forward-looking information”
within the meaning of the Securities Act (British Columbia). All
statements regarding anticipated exploration costs, projected
starting dates for production and forecasted revenues are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that actual exploration
costs will be in line with forecasted budgets, that the projects
will commence production as anticipated or that the projects will
produce the revenue forecasted. Important factors that could cause
actual results to differ materially from these forward-looking
statements include: exploration results that do not meet with the
expectations of management, shortage of skilled labour, shortage of
appropriate equipment and other factors disclosed under the heading
“Risk Factors” and elsewhere in Roca Mines Inc. documents filed
from time to time with the British Columbia Securities Commission
and other regulatory authorities.Roca Mines Inc. management has
provided project modeling by making assumptions about mining costs
to make inferences relating to geological material available for
mining calculations. These project models are for informational
purposes only and cannot be relied upon.
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MAX Molybdenum Mine
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Investment Highlights
MAX Molybdenum Mine, BC’s newest metal producer
High grades – initially ~2% MoS2, ~1% MoS2 yrs 2-4
Low cash costs - ~US$5/lb, ~US$7-8/lb yrs 2-4
Phased expansion plans to increase mine life
Significant upside potential via expansion / exploration
Modest market capitalization compared to peers
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Timeline to Production
NOV-05 Mine Permit Awarded by BCMEMPR
JAN-06 Mill / Concentrator Acquired
MAY-06 Construction Commenced
AUG-06 Offtake Agreement Signed
OCT-07 Initial Startup Production Begins
DEC-07 First Concentrate Sales
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Portal and Office Area summer ‘05
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Plantsite Ground Breaking May ‘06
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Plantsite Area Summer ‘06
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“Arm waving”
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Vanstone Mill summer ‘06
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Project Site Summer ‘06
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Infill and exploration drilling
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Mill Foundations Fall ‘06
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Offices Fall ‘06
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Tailings Dams Fall ‘06
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Mill Building Spring ‘07
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Crusher Wall
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Plantsite Spring ‘07
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Tailings Facility Spring ‘07
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Project Area Fall ‘07
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Plantsite Fall ‘07
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Plantsite Fall ‘07
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Tailings Facility Fall ‘07
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Sub-Level Stoping
Existing Adit and Cross cuts
Portal 1,350m
Proposed Decline ramps and sub-levels
Proposed Long-hole
Stopes
25m Sub-level Interval
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Longhole Drilling Underground
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Crusher Building
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Primary Jaw and Cone Crushers
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Mill and Concentrator
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Proximity to Town
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No.1 & No.2 Ball Mills
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Flotation Concentrate
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Filtering and Bagging
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Bagged MoS2 Ready to be Shipped
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Production During Startup
DEC-07 to April 14-08 production ~410,000lbs Mo
Gross value of Mo in concentrate ~ US$13.5m
Startup challenges to date;
• Typical equipment/mechanical, winter operations, etc
• Inconsistent reagent quality, remedied by supplier
• Power supply and mechanical issues with new gensets
Lower-grade development stockpile used during startup
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Phase I Commercial Production
+2,000 tpd Crushing Capacity
+500 tpd Mill Capacity
Direct Ore to Feed Grade
300,000 lbs Mo / month
Cash Cost of Production US$5/lb 2008 (E)
100% Off-take
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Phase II Production
+2,000 tpd Crushing Capacity
+1,000 tpd Mill Capacity (summer 2008)
5 million lbs Mo / year 2009-2012 (Estimate)
Cash Cost of Production +US$7/lb 2009 (E)
Future Expansions…
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MAX Summary & Outlook
Brand new producer with significant cash flow
Phase II expansion well underway
Pragmatic, “classic” way to build a mine
Numerous other mine expansion phases possible
Outstanding molybdenum exploration potential
Untested tungsten exploration targets
A true ‘company-building’ project
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Capitalization Summary
TSX-Venture Ticker ROK
Share Price (28-MAR-08) C$2.88
Shares Outstanding 80.5 M
Fully Diluted Shares 103.4 M
Fully Diluted Market Cap ~C$290 M
Debt None
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Contact
tel (604) 684.2900
email [email protected]
web www.rocamines.comwww.fortytwometals.com
