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White Mountain Titanium Investor Report
The Cerro Blanco exploration shows a promising 9 prospects, identified along a 4.5 km strike length.
WHITE MOUNTAIN TITANIUM CORPORATION
Cerro Blanco : A New Source of High Grade Rutile in Chile
Confidential Presentation – Not to be reproduced
White Mountain Titanium Corporation, © 2015
Safe Harbor
The information in this presentation, including oral comments, includes “forward-looking statements”. Because such forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, the impact of global events on the titanium and metals industry, global economic conditions, the competitive nature of the markets for specialty metals, and other risks and uncertainties included in the Company’s filings with the Securities and Exchange Commission. Actual results can differ materially from those forecasted or expected. Additional information concerning such factors is contained from time to time in the Company’s Securities and Exchange Commission filings, copies of which can be obtained from the Company or the SEC’s website.
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as “resources”, “geologic resources” that the SEC guidelines strictly prohibit us from including in our filings with the SEC, U.S. residents are urged to consider our disclosure, and can review and obtain copies of these filings from the SEC’s website. White Mountain has no proven or probable reserves as defined under SEC guidelines.
Capital Structure and Key Shareholders
Company Overview
A development stage Company progressing its Cerro Blanco Natural Rutile project through BFS to Production
Cerro Blanco Project Location
At an elevation of 700 – 1,100 meters asl, the Project lies approximately 13 km south of the Huasco River
Regional Geology
Porphyry-style natural rutile mineralization hosted in an altered felsic granite within an iron-copper district
Mineralisation and Crystal Occurrence
Plum coloured, natural rutile crystals average 140 microns in size and occur in thick, mineralized units
Cerro Blanco Exploration Targets
Nine prospects have been identified along a 4.5 km strike length, five within the past 2 years; three recent discoveries contain grades at surface of up to 6% TiO2
Cerro Blanco Project Resource Inventory
Inventory estimate based principally on Las Carolinas drill work : Behre Dolbear NI 43-101 report, July 2013
GENERAL LAYOUT – CERRO BLANCO PROJECT
General Mine Layout
3 development sectorsLas Carolinas Distal North – East La CanterraHaulage Profile Less than 800m to Crusher and waste dumps |
Mine Operation
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LOM Mine Plan – Movement and Production
Cerro Blanco Project Metallurgy
Optimization / metallurgical testwork, extends back to 2005 and includes a 300mt, two stage piloting
2005-2007: Metallurgical Studies, SGS Lakefield, Canada:
2009: Metallurgical Studies, SGS Lakefield, Canada:
2011: Metallurgical Studies, SGS Lakefield, Canada :
2012-2014: Optimization Studies, Santiago, Chile :
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Mining & Processing Flowsheet
Cerro Blanco Project Plant Mass Balance
Flowsheet designed to minimize grinding, chemicals; maximize gravity separation, weight pull
Main On-site Equipment
Rutile Specification
DESALINATION PLANT INSTALLATIONS
DESALINATION PLANT and WATER FLOW BALANCE
Cerro Blanco Project EIS Application
Baseline environmental monitoring, underway since 2006, provided basis for all encompassing application
Submitted | 27 February 2013 |
1st Addenda | March 2014 +700 questions & comments |
3rd Addenda | February 2015 – 75 questions & comments |
Community Involvement | On-going |
Community Consultation | On-going |
Cerro Blanco Project Pathway / Timeline
Pathway | Receive EIS approval Finance to BFS and / or to Production based on: Solo / Partner / Sell |
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Timeline | July 2013 | Update Resource Inventory |
Feb 2015 | EIS – 3rd Addenda | |
Receive EIS approval | ||
H1 2015 | Drill test High Grade targets Commence BFS Complete process optimization |
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H2 2015 | Decide BFS / Production Pathway |
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