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ClaimArea Has. Bacerac48,510 Arechuyvo 36,304 Cusihuiriachic 11,814 Maguarichic 12,933 Oribo 11,649 Bolívar 21,552 Batopilas 45,319 Melchor Ocampo46,796.

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Presentation on theme: "ClaimArea Has. Bacerac48,510 Arechuyvo 36,304 Cusihuiriachic 11,814 Maguarichic 12,933 Oribo 11,649 Bolívar 21,552 Batopilas 45,319 Melchor Ocampo46,796."— Presentation transcript:

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2 ClaimArea Has. Bacerac48,510 Arechuyvo 36,304 Cusihuiriachic 11,814 Maguarichic 12,933 Oribo 11,649 Bolívar 21,552 Batopilas 45,319 Melchor Ocampo46,796 TOTAL234,877

3 DIA BRAS & EXMIN CLAIMS

4 Maguarichic, Arechuyvo, Batopilas, Moris, Oribo, Melchor Ocampo regional. Cusi (Promontorio, San Juan), Melchor Ocampo (Las Coloradas), Bacerac (San Patricio) Cusi (Santa Eduviges) Bolívar Pilot-mining operations Development projects Advanced exploration prospects Target definition exploration prospects Early exploration prospects Bolivar (La Cascada, Reyna de Oro), Cusi (La India, San Nicolas, San Rafael), Bacerac (Huachineras)

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8 GALLO SUPERIOR GALLO INFERIOR

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10 MINERALIZATION TonnesAuAgCuZn gr/Tonne % INDICATED El Gallo 1,518,0020.37 371.701.40 La Increíble 396,1590.01 1004.501.70 Others 715,3850.12 120.636.33 2,629,5460.25 40 1.832.79 INFERRED El Gallo 1,986,663 0.30 43 2.05 - La Increíble 361,250 - 100 4.50 1.70 Others 395,810 0.12 15 0.80 6.69 2,743,723 0.23 46 2.19 3.61 TOTAL 5,373,269 0.24 43 2.02 3.21 PotentialNorth Area, Banda Fault, Americanos. BOLÍVAR MILL Capacity 1,000Tonnes/Day 350,000Tonnes/Year Op. Time 15years

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13 The Company has not completed a feasibility study and accordingly there is no assurance that the stated objectives will be met, nor that the operations will be profitable * Non-GAAP Measure. Cash operating cost is calculated using tonnes processed 2008 2009 2010 2011 Real Forecast Tonnes processed126,489 89,577 114,828 280,000 Daily throughput361 256 328 800 Copper grade1.65% 1.81% 1.66% 1.80% Zinc grade8.00% 10.06% 10.43% 4.00% Copper recovery83.40% 86.31% 87% Zinc recovery87.15% 87.64% 89% Copper concentrate production DMT6,454 5,069 5,371 14,307 Zinc concentrate production DMT15,355 13,696 16,477 15,430 Total production of copper (pounds)3,854,688 3,080,400 3,252,345 8,673,912 Total production of zinc (pounds)19,077,613 17,407,600 21,130,557 19,730,026 Operating cash costs/DMT*$115.51 $91.10 $84.74 $51.00 Average price of copper per pound, $US$3.15 $2.33 $2.67 $2.50 Average price of zinc per pound, $US$0.85 $0.75 $0.86 $0.80

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17 MINERALIZATION VeinTonnesAuAgCuPbZn gr/Tonne %% INDICATED San Antonio 37,253 0.06 351 0.06 0.28 0.18 San Antonio A 9,253 - 344 - 2.96 0.32 San Bartolo 6,673 0.02 224 0.12 0.37 0.74 Santa Marina Alto 27,521 0.08 296 0.08 0.33 0.30 Santa Marina 11,909 0.08 210 0.07 0.34 0.18 Promontorio 24,771 0.01 483 0.08 0.17 0.14 V. Del Contacto 10,208 - 504 - 0.44 0.34 El Gallo 26,848 0.04 320 0.01 0.07 0.10 El Gallo Back 12,346 0.12 308 0.02 0.19 0.13 166,782 0.05 347 0.05 0.40 0.22 INFERRED San Antonio 12,320 0.15 452 0.15 0.28 0.18 San Bartolo 7,206 0.08 176 0.07 0.39 0.59 Santa Marina Alto 11,809 0.08 401 0.08 0.51 0.52 Santa Marina 66,094 0.37 273 0.08 0.63 0.49 V. del Contacto 6,105 - 535 - 0.41 0.42 103,535 0.27 317 0.08 0.55 0.46 TOTAL 270,318 0.13 336 0.06 0.45 0.31 POTENTIAL ZoneTons Ag gr/Ton San Juan 50,000 300 Promontorio 500,000 350 Santa Eduwiges 150,000 350 La Gloria 200,000 300 Los Tajos 200,000 300 La India 500,000 350 MALPASO MILL Capacity 200Tonnes/Day 70,000Tonnes/Year Op. Time 4years

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19 The Company has not completed a feasibility study and accordingly there is no assurance that the stated objectives will be met, nor that the operations will be profitable * Non-GAAP Measure. Cash operating cost is calculated using tonnes processed 2008R 2009R 2010E 2011E April-Dec June-Dec Tonnes processed11,378 6,232 34,120 70,000 Daily throughput43 36 97 200 Lead grade3.01% 0.90% 0.55% 0.70% Silver g/t2,022 283 359 365 Silver recovery62.04% 64.26% 85% Lead concentrate production DMT304 139 1,163 2,097 Silver production (ounces)68,967 36,489 327,361 686,190 Operating cash costs/DMT*$178.41 $157.14 $52.90 Average price of lead per pound, $US$0.83 $0.96 $0.82 $0.80 Average price of silver per onze, $US$14.13 $16.34 $15.27 $15.00

20 Currently processing material from Bolivar at average rate of 270 tpd Currently processing material from Cusi at average rate of 1,500 – 2,600 tonnes per month Cyanide vat leach circuit/Merrill Crowe for recovery of precious metals 80-85% silver recovery by combined flotation and cyanidation methods Dia Bras obtained recoveries of 87.5% Copper and 89% Zinc in 2009 Aerial view of the mill Flotation plantCyanidation plant

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23 LA CASCADA – EL SAUZAL TREND

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26 Dia Bras – Operating Performance 20072008 2009 2010E 2011E CA$ Sales 24,056,53721,306,788 17,037,002 24,078,513 40,210,017 Sales expenses and mineral transportation 9,160,8637,092,672 4,882,707 6,608,731 4,302,085 Operating expenses Bolivar 9,011,1198,745,062 5,327,976 5,988,562 13,480,208 Operating expenses Cusi 4,956,3482,463,196 _ 1,799,784 3,692,405 Administration expenses and others 5,613,3565,068,334 3,766,674 2,547,424 2,093,200 Total cost 28,741,68623,369,264 13,977,357 16,944,500 23,567,898 Cash flow from operating activities - 4,685,149-2,062,476 3,059,645 7,134,012 16,642,119 Exploration Bolivar & Cusi, Regional (incl. EXMIN) -5,183,496 -1,552,582 -5,073,643 -6,279,600 Property payments DBM & EXMIN -1,408,958-851,791 -1,590,553 -2,014,705 -1,874,461 Development Bolivar, Cusi, Other -12,518,506-995,385 -1,260,497 -3,834,337 _ MRI settlements and debts 1,319,695-1,987,358 -2,284,649 -2,557,890 -104,660 Use of proceeds -12,607,769-9,018,210 -6,688,281 -13,480,575 -8,258,721 Bolivar Mill __ -153,630 -8,887,832 -3,139,800 Cyanidation plant __ -492,300 _ _ Equity Completed 1,488,8132,044,000 12,418,005 20,362,494 _ Warrants to be exercised __ _ 6,612,500 10,022,146 Debt _2,012,000 _ 2,616,500 _ Net Cash flow - 15,804,105-7,024,686 8,143,439 14,357,099 15,265,744 Cash flow from operating activities excludes changes in non-cash working capital items Price assumptions: 2010 (US$: Zn $0.86/lb, Cu 2.67/lb, Ag 15.00/oz), 2011 (US$: Zn $0.80/lb, Cu $2.50, Ag 15.00/oz)


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