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Verde Resources Inc. A Fresh Approach to Porphyry Exploration in South America Corporate Presentation December 2010

Verde Resources Corp Presentation

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Page 1: Verde Resources Corp Presentation

Verde Resources Inc.

A Fresh Approach to Porphyry Exploration in South America

Corporate Presentation

December 2010

Page 2: Verde Resources Corp Presentation

2Verde Resources Inc.

Disclaimer

This presentation IS CONFIDENTIAL and contains certain "forward-looking statements", including but not limited to, the statements regarding the Company’s overall objectives and strategic plans, future commercial production, project targets, timetables, operating costs, capital expenditures, work programs, exploration budgets and targets, mineral reserve and resource estimates and outlook, and safety and sustainability initiatives. Forward-looking statements express, as at the date of this presentation, the Company’s plans, estimates, forecasts, projections, expectations or beliefs as to future events or results. Forward-looking statements involve a number of risks and uncertainties, many of which are beyond the Company’s control, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results of future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks and hazards, uncertainty as to estimation of mineral reserves and resources, requirements of additional financing risk, risks of delays in construction, production or obtaining permits and other risks. The reader is cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any forward-looking statement that is contained in this presentation.

Page 3: Verde Resources Corp Presentation

3Verde Resources Inc.

Global Copper Demand

Copper Demand• Copper demand ≡ long term

growth trends in construction and technology consumption

• China is building 10 “New York” Cities by 2025

Copper Supply• 30% of producing mines > 50

years old• 70% of producing mines > 20

years old• New projects take 5-8 years to

become production ready• Majors have scaled back

exploration in response to economic conditions

Page 4: Verde Resources Corp Presentation

4Verde Resources Inc.

Overview of Verde

• Privately owned Canadian corporation

• Focused on exploration-development stage copper projects at the steeper part of the value curve in Peru & Chile

• Internationally experienced management team of mine finders, developers and financiers with > 50 years collective work experience in Latin America

• Exploration offices in Chile & Peru

• Trajectory: >0.5bn tonnes @ >0.5% Cu in Chile and/or Peru by 2014

China’s Demand Drives Copper

Page 5: Verde Resources Corp Presentation

5Verde Resources Inc.

Experienced and Driven Board

DirectorsJohn Gray, President & CEO & Director (Based in Chile)

– Principal role raising $20M as former CEO African Aura Resources (TSXV-AAM)– Founder: Basti Resources (Spanish gold) & Northern Minerals (Swedish base

metals)– 20 years exploration in Americas-Africa-Europe with Homestake/Noranda/Rayrock

César López, Director– Principal role in raising $35M as VP Business Development AQM Inc (TSXV)– Founder: Centenario Copper Corp (TSX:CCT)– Partner in Lopez Ashton providing legal counsel & financial services– Master of International Law (LL.M) from Golden Gate University

John-Mark Staude, Founder & Director– Founder & CEO: Riverside Resources (TSXV-RRI) – 20 years of exploration experience with Magma Copper, BHPB, Teck, RTZ– Principal role in raising $20M

Darren Klinck, Founder & Director– Principal role in raising $225M for Au & Cu projects in Mexico and Australasia – VP, Corporate & Investor Relations Oceana Gold Corp (TSX-OGC)

Page 6: Verde Resources Corp Presentation

6Verde Resources Inc.

Experienced and Driven Management

Exploration Team

Artemio Chirre, Chief Geologist (Peru)– Based in Peru; broad experience of Peruvian geology– 15 years experience of regional and project specific exploration of

porphyry & skarn type copper, and epithermal precious metal deposits at Tintaya, Las Bambas, Yanacocha & Antamina deposits, and Ancash, Tacna, Apurimac, Ica & Cajamarca areas

– Project experience with Anglogold Ashanti, BHP Billiton, Buenaventura & Hochschild

Ron Luethe, Advisor & In-country Geologist– Based in Chile– > 25 years Exploration and Senior Manager for Xstrata, BHPB, Phelps Dodge, Magma Copper– Expert on Peruvian, Argentine & Chilean copper deposits

Page 7: Verde Resources Corp Presentation

7Verde Resources Inc.

Company Structure

Verde Resources (Can) LtdBVI Co

Verde Resources Inc

Registered in Canada

Verde Resources (Lima) LtdBVI Co

Verde Resources (Santiago) Ltd

BVI Co

Minera Verde Resources Chile Ltda

Verde Resources SAC(Peruvian Co)

Page 8: Verde Resources Corp Presentation

8Verde Resources Inc.

A Systematic Approach

Leverage management’s South American knowledge to

generate deal flow• Stake senior geologists’ target concepts in Chile• Stake senior geologists’ target concepts in Peru• Use Senior corporate management networks to do

deals• Prioritize targets around known world class systems

with potential for >500Mt @ > 0.5% Cu• Ground check – consolidate land position / acquire

property – explore – delineate

Page 9: Verde Resources Corp Presentation

9Verde Resources Inc.

Objectives & Tentative Timetable

September (start) – November 2010• Seed financing rounds completed• Peruvian & Chilean subsidiaries

established• Advisory board formed• Project identification/evaluation

(ongoing)By January 2011• Pre-IPO financing for sophisticated

investors• First projects signed up• Field work commenced on two projects

Target March 2011• IPO on TSX-V

Page 10: Verde Resources Corp Presentation

10Verde Resources Inc.

Current Financing Round

Private, pre IPO Round for up to X million shares @ Y/share• Insiders are participating• Open to select individuals by invitation only• Opportunity to participate at ground level ahead of IPO

Use of Funds over next 12 months• Exploration work $1,500,000• IPO $ 350,000• Travel, project evaluation and acquisition

$250,000• Building out management & exploration team $250,000• General working capital purposes $150,000• Total Proceeds $2,500,000

Page 11: Verde Resources Corp Presentation

11Verde Resources Inc.

Porphyry Gold, Maricunga, Chile

X project• On trend with Esperanza (Kinross –

Au/Ag), Tinajas (Au), Geronimo, (Au), El Hueso (Au) and Potrerillos (Cu)

• Best RC drilled grades from 3 holes:126m @ 0.44g/t Au4m @ 0.40g/t Au12m @ 0.51g/t Au

• Best outcrop grab sample: 7g/t Au

Page 12: Verde Resources Corp Presentation

12Verde Resources Inc.

Porphyry Copper, Central Chile

Y project• Same district as world class

ElTeniente

• Abundant Cu oxides at surface

• Surface grab samples grade0.29-1.0% Cu0.12-0.15g/t Au

Page 13: Verde Resources Corp Presentation

13Verde Resources Inc.

Porphyry Copper & Skarn, South Peru

SkarnCopper

Porphyry

Porphyry

2.5 Km

Los Chancas,Antilla, Trapiche,ZZZ

355Mt @ 0.62% Cu,154 Mt @ 0.47%Cu, (Early stage),(Early stage)

Grupo Mexico,Panoro,Buenaventura,Verde Resources

Z project• High grade skarn and porphyry drill targets identified• Open in all directions – potential for 200+Mt @ 1+% Cu• Supportive local community• Last mined in the 1980’s• Drill access already built

Other projects in the Yauri-Andahuaylas belt

Page 14: Verde Resources Corp Presentation

14Verde Resources Inc.

Porphyry Copper Target, N Central Chile

Carolina project• Exposed porphyry copper adjacent to Chile’s top 10 open pit Cu mines• Drill targets outlined• Supergene chalcocite and malachite copper already identified• Local property owners working with Verde to generate copper targets• Exceptional option terms

Similar target area near carolina

Page 15: Verde Resources Corp Presentation

15Verde Resources Inc.

I

II

Porphyry Copper – Generative, Peru

Artemio Chirre• Shareholder• 15 years local porphyry and skarn experience• Minimal budget generating high value targets• Prospecting 2 main belts• Projects accessible by drivable tracks• Projects near to Pacific coast

Coastal BatholithPorphyry Belt

Yauri–Andahuaylas Batholith:Skarn & Pophyry Belt

Page 16: Verde Resources Corp Presentation

16Verde Resources Inc.

Deliverables

Delivered from Last Financing• CEO installed in Chile to kick start South American operations• Senior Peruvian geologist engaged• Technical Advisory Board elected and invested• Peruvian Porphyry copper project signed• LOI with owner of Porphyry copper and gold projects in Chile• IPO lead counsel appointedDeliverables from Current Financing• Property acquisitions in Chile and Peru• Hire senior technical staff hired in Chile• Implement preliminary exploration programmes in Peru & Chile• Appoint Chief Financial Officer• Pre IPO financing• Target IPO for Q2 2011

Page 17: Verde Resources Corp Presentation

Verde Resources Inc.

A Fresh Approach to Porphyry Exploration in South America

Contact us:

John Gray, President & [email protected]+56 (9) 9577 5307 (Chile)

John-Mark Staude, Director Darren Klinck, [email protected]@verdecopper.com+1 604 338 7742 (Canada) +61 420 981 119 (Australia)

www.verdecopper.com