Sphere Resources Inc. Corporate Presentation SPH.H:NEX-V “Successful Gold Exploration Begins In The Best Mining Camps” June 2014 www.sphereresources.com. Disclaimer.
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“Successful Gold Exploration
Begins In The Best Mining Camps”
This presentation may include certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend“ and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon.
Operating in the following areas:
Combinedboard and management experience: 200+ years
Gordon Yule, P.Geo
Mick Gavrilovic, COO of Spartan Gold Ltd
Steven Davis, P.Geo
“Successful gold exploration begins in the best mining camps”
Focus on areas in the developed world which are
Mitigate risk through collaboration / deal structure
In 2006 sold South African assets to focus on the leading gold camps of North America.
Until funds were received from South African asset disposals, company was reliant on internally generated funds.
Exploration commitments have been farmed out under claw-back arrangements and option agreements, or funded through organic cash generation.
Initiated acquisitions in Red Lake, Ontario in Nov 2009:
(*Now referred to collectively as Expanded Dome Properties)
In early 2011, acquired 100% ownership of Expanded Dome Properties. In 2013, Sphere’s ownership was reduced to 25% of the Dome property, after DPHC spent an aggregate of $2,125,000 on exploration on the Dome & McManus properties.
Initiated collaboration with Duncan Park in March 2010 to develop Dome properties.
Duncan Park has option on 75% of Dome Properties.
Duncan Park to spend up to C$2.1m ($925,000 on Dome already spent) and ($1.2M on McManus) over 3 years to explore Dome Properties.
Sphere has the right to claw back 51% of Dome Properties on payment of 4 x Duncan Park’s expenditure. In 2013 Sphere did not exercise its claw back right and now owns 25% of the DPHC/Sphere Joint Venture on the Dome property.
Dec 2010, entered into a collaboration agreement with Spartan Gold (OTCBB: SPAG)
Identified a property in Nevada, entered into Option and JV Agreements with Spartan and Mexivada.
April 2011, sold option in the property for equity in Spartan, and royalty on the asset.
October 2011, acquired a controlling interest in Spartan Gold which now sits at 46.5%.
Quoted on TSX-V (DPH)
Toronto based minerals exploration company
Exploring for gold and other precious metals in the Dome, Byshe and Hyeson Townships in Ontario’s Red Lake gold mining district by way of Joint Venture with Sphere on the Dome property. DPHC has 100% interest in the McManus property.
Spartan Gold Ltd. (OTCBB: SPAG) is a publicly traded U.S. based junior gold exploration and mining company.
Development activity is centred in the SW Carlin-Rain in Nevada.
One of the world’s richest and highest grade gold camps
Does Goldcorp High Grade Zone
extend into Dome Property??
The richest gold camp in the world
* 287,475 convertible at $20 per share on March 28, 2016
1,250,000 convertible at $2 per share on September 7, 2016
Note 1: Share prices and exchange rates were correct as of close of business on 6 June 2014
Note 2: Exchange rate US$ 1.00 = C$ 1.10