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March 2012 Slide 1 TSX.V: CRF, FWB: 2CM, OTCQX : CORMF.

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Presentation on theme: "March 2012 Slide 1 TSX.V: CRF, FWB: 2CM, OTCQX : CORMF."— Presentation transcript:

1 March 2012 Slide 1 TSX.V: CRF, FWB: 2CM, OTCQX : CORMF

2 Disclaimer Slide 2 Certain statements herein may contain forward-looking information with the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of such words as intends or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking information includes statements regarding the Companys exploration plans with respect to the Property and the estimation of mineral resources, and are subject to such forward-looking risks, uncertainties and other factors which may cause the Companys actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward- looking information. Such risks include gold price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations and other risks involved in the gold exploration and development industry. There can be no assurance that a forward-looking information herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Coronet Metals Inc. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein are qualified by this cautionary statement. Coronet Metals Inc does not undertake to update such forward- looking information except with applicable securities laws.

3 Coronets Mandate Slide 3 To build a substantial junior gold mining and exploration company by acquiring advanced, near production, low cost assets in emerging countries Yanamina Project

4 Slide 4 Investment Highlights Resources NI compliant epithermal gold resource, with 83,100 oz Au Indicated, 123,700 oz Au Inferred resources, with significant exploration potential Low Cash Cost Open pit, heap leach gold operation Cost of production estimated at US$271 per oz Au Open pit, heap leach gold operation Cost of production estimated at US$271 per oz Au Low Capex Requirements Estimated capital expenditures of US$35 million Good regional infrastructure in place with nearby roads and skilled labour pool NPV of US$40.5 million at Au price of US$1,025/oz Estimated capital expenditures of US$35 million Good regional infrastructure in place with nearby roads and skilled labour pool NPV of US$40.5 million at Au price of US$1,025/oz Acquisition Opportunities Strong base of contacts in South America to source potential acquisitions Disciplined and explicit criteria for assessing opportunities Strong base of contacts in South America to source potential acquisitions Disciplined and explicit criteria for assessing opportunities Mining- friendly country Mining- friendly country Peru is one of the major mining countries worldwide and is the worlds largest producer of silver and sixth largest producer of gold S&P foreign long-term credit rating of BBB- (positive) Peru is one of the major mining countries worldwide and is the worlds largest producer of silver and sixth largest producer of gold S&P foreign long-term credit rating of BBB- (positive) Experienced Management Proven team in place that has experience in all aspects of the development and financing of resource companies Extensive exploration, mine construction and operational experience in Peru Proven team in place that has experience in all aspects of the development and financing of resource companies Extensive exploration, mine construction and operational experience in Peru

5 Capital Structure Slide 5 TSX.V: CRF, FWB: 2CM, OTCQX : CORMF Outstanding Shares 82,171,525 Fully Diluted Shares Outstanding:109,608,076 Share Price:$0.09 Market Cap:$7.4 million Cash on Hand$4.9 million DebtNone (Information as of March 31, 2012)

6 Slide 6 Management & Board of Directors Management Joel Dumaresq, CEO and Director Mr. Dumaresq has for the past 10 years worked as Managing Director of private equity and merchant banking firm Matrix Partners Inc. Mr. Dumaresq has a background in finance and investment banking and formerly worked for 10 years for RBC Dominion Securities, a division of the Royal Bank of Canada. Stephen Stine, P.E., President, Director and COO Mr. Stine is a seasoned mining executive with extensive experience in public/private company formation, acquisitions, turnarounds, debt/equity offerings and general mine operations around the world. Mr. Stine is a co- founder and former Director of Alamos Gold where he served as COO in charge of exploration and production. Mr. Stine also worked as a consultant to Newmont Mining at their Yanacocha gold mine in Peru. Theo van der Linde, CFO Is a Chartered Accountant with 15 years extensive finance, administration and public accounting experience in diverse industries including mining, financial services, manufacturing and retail. During the last seven years of his career Mr. van der Linde has worked with Etruscan Resources Inc. (now Endeavour Mining) where he successfully transitioned through a period of growth that involved Etruscan going from explorer to producer and ended up as the CFO for Burkina Mining Company in Burkina Faso. Before that he worked in public accounting practice with WBLI Chartered Accountants and PriceWaterHouseCoopers in Halifax, Nova Scotia where he was involved in servicing several exploration and producing publicly-traded mining companies. June Hamilton, Corp. Secretary With over 25 years experience in the corporate commercial law and investment banking fields in Ontario, Ms. Hamilton moved to British Columbia in 2006 and was appointed Corporate Secretary to Longview Capital Partners Incorporated (now Resinco Capital Partners Inc.) in June 2007 and held that position until May She served as Corporate Secretary to Cue Resources Ltd. from June 2008 to May 2011, with Tanzania Minerals from November 2007 until September 2010 and with Terreno Resources Corp. (formerly Mega Moly Inc.), from November 2007 to July Ricardo Saponara Casas, Business Administrator Mr. Saponara is a Business Administrator graduated from the Lima University, with more than 20 years of experience in private companies. He is also a Custom Broker with specialization on International Commerce. In the last three years he became a member of the board of the Regatas Lima Club. He also has a specialization in Law and Mining. Miguel Aramburu, Director As of January 2008, Mr. Aramburu is the CEO of Hochschild Mining Plc, where he has worked for many years in roles of increasing responsibility and prominence Currently member of the Board of Directors of Pacfico Vida, Castrovirreyna Compañia Minera, Corporacion Minera Castrovirreyna, Corporacion Miraflores, and Enfoca Leonard Harris, Director Mr. Harris retired in 1995 from acting as President and General Manager of Newmont Peru and President and General Manager of Newmont Latin America. Mr. Harris continues to serve as a director and consultant to over a dozen resource companies. Douglas Newby, Director Has approximately 25 years of experience in the evaluation and financing of mining companies and projects worldwide Has been the CFO of Polymet Mining Corp. since 2005 and has been President of Proteus Capital Corp. since 2001 Previously served as Executive VP, Chairman, President and CEO of Western Goldfields Inc. David Kaplan, Director Over 15 years experience in the mining industry Currently the Portfolio Manager of LIM Advisors LLC, managing metal and energy futures and securities for a commodity hedge fund Previously served as Vice President for Gerald Metals, as a metals trader for Glencore International, and as a physical trader and analyst for Glencore Ltd.

7 Mining in Peru Slide 7 Standard & Poors upgraded Perus foreign long-term credit rating to investment grade BBB- (July 2009) Average GDP growth from 2006 to 2010 was 7.2%* Peru is expected to grow 6% annually through * One of the major mining countries worldwide Worlds largest producer of silver Second largest producer of copper and zinc Sixth largest producer of gold During 2009 : Mining exports grew 62% and reached US$26.89 billion Mining investments grew 182% and reached US$2.77 billion 7% of the total worldwide exploration investment was destined to Peru * Source: Banco Central de Reserva del Perú (BCR) Source: Ministerio de Energía y Minas (MEM)

8 Pierina – Barrick ( gpt Au, containing 7.5 M oz of gold) Yanamina Gold Property Yanacocha – Newmont ( gpt Au containing 19 M oz of gold) Alto Chicama – Barrick ( gpt Au containing 9.1 M oz of gold) Yanamina Project Slide 8 Located in the Department of Ancash, approximately 482km by paved road northeast of Lima Situated 40km north of Barrick Golds Pierina (7.5 million oz Au) and 120 km south of Barrick Golds Alto Chicama / Laguna Norte (9.1 million oz Au) mines Yanamina comprises of 6 concessions with 224 hectares at an elevation of 3,500 to 3,700 meters Trujillo Chiclayo Chimbote Huánuco Daily airline connections from Lima to the Department capital of Huarez, 61 km to the south of the Project Project envisioned to be an open pit, heap leach gold operation

9 Ancash Fault Zone Slide 9 Barricks Pierina Mine Yanamina Gold Deposit Yungay Graben Gold Belt Unrealized exploration potential in lands adjoining Yanamina and Pierina 5km+/-

10 Yanamina Exposed on Surface Slide 10 Red area outlines the Yanamina gold deposit exposed on a 50 inclined slope of the east wall of the 200km long Yungay Graben. Barricks Pierina gold deposit is located 40 km south of the Yanamina Deposit and is also situated adjacent to the of the Yungay Graben as shown on the previous slide. 100m +/-

11 Yanamina Geology Slide 11 The property straddles the Ancash Fault Zone, with the gold deposit hosted by the Fault Zone Deposit is a tabular body exposed on the westerly dip slope of Ancash Fault Zone Mineralization is low sulphidation epithermal in origin Substantial downdip and on-strike potential Additional mineralized sheer zones in footwall

12 Current project resources are: Present resource grading between 1.20 to 1.70 g/t Au and 7.00 g/t Ag Resource determined from 3,402m of drilling from 78 drill holes Yanamina Resource Summary Slide 12 Summary Mineral Resources – Yanamina Gold Deposit (0.50 gpt Au Cut-Off Grade) ResourcesTonnesGrade (gpt Au)Total Ounces Indicated1,567, ,100 Inferred3,235, ,700 February 2011 NI Technical Report, Prepared by Southampton Associates Inc.

13 Yanamina Project Slide 13 According to the February 2011 NI Technical Report ( Preliminary Economic Assessment ): Treating 4,802,000 tonnes of ore grading 1.34 g/t gold and 5.65 g/t silver with heap leach recoveries of 73% gold and 40% silver resulted in a production of 151,000 oz gold and 349,000 oz silver at a cash cost of US$ 257/eq oz gold over a 5 year mine life. Initial annual production of 41koz gold and 95koz silver with averages of 30koz gold/year and 70koz silver/year over the mine life. Capital expenditures (including working capital) estimated to be US$ 35.5 million. At US$ 1,025/oz gold and $16.50/oz silver, the IRR is 50%, the NPV at 5% is US$40.5 million and the payback is 1.47 years from the start of operations. The PEA was based on a 5 year 1:1 stripping ratio open pit mine, a 3,000t/d heap leach operation and a US$6.5 million reclamation and closure cost.

14 Yanamina Drilling Plan Slide 14 Proposed Exploration Program Cost Estimate Scope of WorkCost $ 10,000m Diamond Drilling$2,500,000 Social$300,000 Camp Costs$400,000 Site Management$200,000 Metallurgical Pilot Plant$200,000 Assays$100,000 Travel$50,000 Environmental Mgmt.$50,000 TOTAL$3,800,000

15 Yanamina Exploration Potential Slide 15 10,0000m of drilling planned Potential to double or triple existing resource through infill and step- out drilling Convert Zone 1 and Zone 2 resources to measured and indicated Potential to dramatically increase resource with exploration drilling focused on target at depth, along strike and to each side of existing resource Additional exploration opportunity on lands adjoining Yanamina and Barricks Pierina mine

16 Slide 16 Yanamina Project Comparable CorihuarmiYanamina LocationPeru Major Center160 kms east of Lima340 kms NNE of Lima Access10 hours by road from Lima6 hours by road from Lima Altitude5,000 metres3,600 metres CapexUS$20 millionUS$28.9 million (est.) Construction period9 months9 months (est.) Operation1 million tonne pa heap leach Mining Reserve145,000 oz263,000 oz Annual Production35,000 oz Au30,000 oz Au, 70,000 oz Ag GeologyEpithermal, open cut Feasibility Head Grade1.1 g/t Au1.19 g/t Au, 7.0 g/t Ag Metallurgical Recoveries89% (based on 03/2010 quarter)73% Au, 40% Ag (est.) W:O Cash CostsCY 09 $US341/oz (1.13g/t head grade)US$271/oz (Au) Payback7 months1.47 years (est.) Exploration upsideLimitedPorgera target in HW Mine Life IRR57% (US$550/oz)50% (US$1,025/oz) The following chart compares Yanamina with Minera IRLs Corihuarmi Gold Project, which has been in production since 2008:

17 Slide 17 Yanamina Project

18 Local Market Knowledge Slide 18 Core shareholders of Coronet were instrumental in financing and building Gran Tierra Energy (T:GTE). Today, Gran Tierra is a $2B diversified oil and gas production company with activities in a range of Latin American countries The Directors of Coronet have a combined 150 years of experience in the exploration, development and financing of mine projects The Board of Coronet has raised hundreds of millions of dollars for mining projects around the world The Coronet team includes members who have extensive experience working with governmental, non-governmental and community groups in Peru

19 Coronet Acquisition Criteria Slide 19 Explore in pro-mining countries in South America Low cash cost of production Low CAPEX to get into production Readily available infrastructure Established Reserves Potential to significantly expand reserves through additional exploration drilling

20 Slide 20 Thank You


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