Professional Documents
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Eurotin
i The Oropesa Tin Project
n
TSXV -
TIN
November 2012
Forward Looking Statements
This presentation contains certain “forward-looking statements” and “forward-looking information” under applicable securities
laws concerning the business, operations and financial performance and condition of Eurotin Inc. (“Eurotin”). Except for
statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking
statements include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the
realisation of mineral reserve estimate, mine life estimation, permitting timelines, the timing of future production, capital,
operating and exploration expenditures, costs and timing of the development of new deposits, success of exploration activities,
requirements for additional capital, government regulation of mining operations and environmental risks. Forward-looking
statements are frequently characterized by words such as “plan”, “except”, “project”, “intend”, “believe”, “anticipate”,
“estimate”, and other similar words, or statements that certain events or conditions “may” or “will” occur.
Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and
are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the forward-looking statements, as well as changes in
market conditions and other risk factors. Although Eurotin has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward-looking statements, there may be other factors
that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-
looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated
in such statements. Eurotin undertakes no obligation to update forward-looking statements if circumstances or management’s
estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place
undue reliance on forward-looking statements.
Much of the technical information on the Oropesa project, contained in the following presentation, has been derived from the
NI 43-101 ‘Technical Report for the Oropesa Property, Cordoba Province, Region of Andalucia, Spain’ dated August 16th 2011
written by Qualified Person James G Burns P.Eng.
Peter Miller B.Sc (Geol), MBA, C.Sci – a Qualified Person, director and insider of the Company – and Victor Guerrero Merino
Euro.Geol are responsible for geological interpretation at Eurotin’s Spanish tin projects. All assay results reported here were
undertaken using lithium metaborate fusion methodology, using XRF-10 analysis, in the laboratories of ALS Chemex in
Vancouver. The drill core samples were prepared for assay in the facilities of ALS Chemex in Seville, Spain and were
collected and processed in a secure environment under the supervision of Qualified Person and independent geologist Victor
Guerrero Merino Euro.Geol .
Eurotin Corporate Structure
Eurotin Corporate Structure
Share Structure
Issued: 79,641,760
Warrants: 14,015,625
Eurotin Corporate Structure
MESPA* MESEX**
Private Spanish Company Private Spanish Company
MESPA has earned into a 50% interest in the Oropesa Project and will earn another
46%
. by placing it into production. All tin production will be subject to a 1.35% NSR.
*Minas de Estaño de España SLU ** Minas de Estaño de Extremadura SLU
Summarising the Global Tin Market
1. The long term growth trend for tin is ~1.96%pa.
2. Despite the global economic slowdown, the tin
market remains in a state of supply deficit.
3. Global tin stocks are ~6 weeks supply and falling.
4. Without new mines, the supply deficit can be
The Tin Market
9. Tin recycling plugged the recent supply gap, but Tin Usage
10. New uses for tin will largely offset increased Mined Tin
Output
2. Historically, tin deposits have been relatively easy to find due to cassiterite’s
(SnO2) resistance to weathering and concentration in alluvial deposits.
The Tin Market
3. It is highly unlikely there are any 30/35,000tpy San Rafael tin mines left to find.
4. Almost all known tin projects will require a price of at least $25-30,000/t before
they can realistically expect to receive mine construction funding.
5. There are no easy, large, tin projects known in the world today; they all have some
challenges, usually consisting of one or more of the following:
a) Location – such as host country’s politics; also fiscal regimes & royalties.
b) Location – actual, or perceived, environmental concerns
c) Location – distance from markets and/or infrastructure.
d) Metallurgy – complex ores, unfavourable stannite/cassiterite ratios.
e) Grades – too low to justify exploitation at current metal prices.
f) Geology – narrow or complex structures, discontinuous ore zones.
g) Size – too small to be economic, or attract investment interest.
h) Other Metals – Reliance on these can create investor perception problems.
Oropesa - Location
Spain: A pro-mining country, with an attractive fiscal regime. Also legal rights of
temporary occupation and expropriation of surface rights by miners.
Oropesa - Introduction
Infrastructure: Excellent – Easy access (3kms from tarred road), plus abundant
nearby (~11kms) water and electricity.
NIMBY: Low hills hide Oropesa from sight from nearest roads and villages.
geology was not yet available. Then the ORPM 4 120.2m 21.0m 1.07%
metallurgical hole ORPM 4 was twinned 146.3m 9.0m 1.52%
with ORPD 115 – see right.
Oropesa Line 3 – Simplified Cross Section
The Concept of a Recumbent Fold
Legend
High Grade >0.5% Sn
Oropesa - Geology
Scale in Metres
0 50
Idealised Cross Section – Schematic of a
Mineralised Recumbent Fold at Oropesa
Legend
High Grade >0.5% Sn
Low Grade <0.5% Sn
These recumbent fold Greywacke
Oropesa - Geology
Scale in Metres
0 50
N/S Faulting at Oropresa
The 1,400m long Oropesa tin Plan Section of Oropesa Tin Deposit
deposit is cut by a series of N/S
faults.
The correct interpretation of the
effect of these faults on recumbent
Oropesa - Faulting
In the X-section shown above of Line 3, the purple area represents the new
interpretation, currently under construction, while the blue represents the
previous one announced on October 9, 2012.
Oropesa’s First Open Pit Resource*
Cutoff Grade Tonnes - Mineralisation Tonnes – Contained Tin Tin Grade (%)
0.10% Sn 17,785,408 51,365 0.29%
0.20% Sn 11,740,307 42,474 0.36%
0.30% Sn 5,786,638 27,480 0.48%
0.40% Sn 2,972,388 17,889 0.60%
Oropesa - Resource
When viewed against the average drill result grades, using the same cutoffs, the
resource grades and higher grade tonnages are disappointing. This has prompted a
structural re-interpretation of the Oropesa deposit’s mineralisation.
This re-interpretation is an on going process and new wireframes are now under
construction, which will more accurately reflect the shape, and therefore the tonnage
and grades of the deposit’s mineralisation.
The current geological model does not take into account any potential high grade
structures, consequently the high grade intercepts are modelled as isolated
occurrences within the overall mineralised domains.
Oropesa’s Styles of Tin Mineralisation
There are two distinct types of tin mineralisation at Oropesa:
Mineralisation Type Tin Grade Parameters Tin Grade - Typical SG/Density Thickness - Typical
Primary 0.5-5.0% 0.8-1.5% 2.8-3.5 3-12 metres
Oropesa - Mineralisation
Scale in Microns
0 1,000
deposit.
At least one other type of tin deposit is known at Oropesa: Adjacent to the
intersection of a major fault and some N/S mineralised structures, as demonstrated
by these drill intercepts beneath La Grana hill:
GR 10: 6m @ 4.03% Sn*
GR 10: 2m @ 2.10% Sn*
GR 13: 2m @ 1.64% Sn*
La Grana Hill
* Drilled by IGME in the late 1980s.
No Sampling
A 30 hole infill drill program – see bottom right - to better define, and increase,
the current resource.
An additional 40-50 drill hole program designed to further expand the resource,
based on:
i) the results obtained from the Laabove
Grana Hill
infill program, and
ii) the soil No
geochemistry
Sampling
program currently underway.
No Sampling
Preliminary engineering
studies.