W W W. CO RDO BAMI NERALS. CO M
MAKING THE NEXT
WORLD CLASS COPPER GOLD
DISCOVERY
CORPORATE PRESENTATION
Forward-Looking Statement
These presentation slides (the “Slides”) do not comprise a prospectus or other form of offering document relating to Cordoba Minerals Corp. (“the
Company”), and do not constitute an offer or invitation to purchase or subscribe for any securities of the Company or any other company and
should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal
presentation do not constitute a recommendation regarding any decision to sell or purchase securities of the Company or any other company.
Your attention is drawn to the risk factors set out below.
This presentation contains forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related matters. Forward-looking
statements address future events and conditions and therefore involve inherent risks and uncertainties. The Company’s current projects in
Colombia are at an early stage and all estimates and projections are based on limited, and possibly incomplete data. More work is required
before geological and economic aspects can be confidently modeled. Actual results may differ materially from those currently anticipated in this
presentation. No representation or prediction is intended as to the results of future work, nor can there be any guarantee that estimates and
projections herein will be sustained in future work or that the Project will otherwise prove to be economic.
Christian Grainger, P.Geo., a qualified person under National Instrument 43-101, has reviewed the technical information contained herein.
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Investment Highlights
• The Company’s San Matias Project hosts the open-pittable high-grade and
potentially large scale Alacran deposit with an initial Inferred Resource
– 53.5M tonnes at 0.70% Cu and 0.37 g/t Au (0.95% CuEq or 1.41 g/t AuEq)
– 1.1 billion pounds of copper equivalent or 2.4 million ounces of gold equivalent
– Potential new high grade CBM Vein discovery: 4,440 g/t gold + 10.25% copper +
24.70% zinc + 347 g/t silver over 0.90 metres
• The San Matias Project is located at sea level and hosts district scale coppergold potential in a newly discovered region of Colombia
• Excellent infrastructure: near two large operating open-pit mines and power
with a skilled workforce readily available
• Fully financed with a partnership with HPX (Robert Friedland company) to
fund a discovery through feasibility study within the San Matias Project
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Capital Structure
Share Price Performance
Share Capital
Symbols (TSX-V; OTCQX)
CDB; CDBMF
Shares Outstanding
88.6 Million
Warrants ($0.21 - $1.50)
13.6 Million
Market Cap @ $ 1.40
$124 Million
Insider Ownership
~ 45%
Cash Balance
$2 Million
Large and Institutional Shareholders:



HPX (Friedland)
Continental Gold
Sprott



BlackRock
Mackenzie
PowerOne
4
District Scale Potential
• San Matias Project and the
Alacran Deposit are located in
northern Colombia
• Total land package 203,848 Ha
• Cordoba locked up the newly
discovered copper-gold district
• Numerous copper-gold artisanal
mines with potential for a Tier
One porphyry
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Ideal Location with Infrastructure
• Two operating open-pit mines nearby
• Cerro Matoso (South32): Ni-laterite mine
and ferro-nickel smelter
• Carbon del Caribe (Argos): open-pit coal
operations
• Infrastructure including power and
paved national highway and roads
• $450 million thermal coal plant recently
commissioned
• Skilled workforce readily available
• Ideal open-pit topography - sea level
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Alacran Mineral Resources
Inferred
Material
(Mt)
Grade
Copper (%)
Metal
Copper Equivalent
Gold (g/t) Copper (Mlb) Gold (Koz)
CuEq (%)
Gold Equivalent
CuEq (Mlb) AuEq (g/t) AuEq (Koz)
>0.3 Cu Eq
53.52
0.70
0.37
827
644
0.95
1,121
1.41
2,426
> 1.0% Cu
7.37
2.14
0.41
348
98
2.42
393
3.59
850
* Pit constrained, mineral resources are reported in relation to a conceptual Whittle pit shell. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
All figures are rounded to reflect the relative accuracy of the estimate. Mt: millions of tonnes; Mlb: millions of pounds; Koz: thousands of ounces.
** Copper equivalent grades are based on estimated copper and gold values, metal prices $2.50/lb Cu and $1300/oz Au. metal prices are not constant and are subject to change.
*** Pit constrained mineral resources are reported at a copper equivalent cut-off of 0.3% and applying assumed metal recoveries of 90% for Cu and 80% for Au. Note no metallurgical
test work has been undertaken by Cordoba and the recoveries are estimates only.
• Initial high grade pit constrained copper-gold Inferred Resource with potential to
significantly increase the size and scale of the Alacran Deposit
• The Mineral Resource was estimated within a corridor of approximately 1.3 km
on strike and 355 metres horizontal width and a depth of only 220 metres
• Mineralization and deposit remains open and current drilling program is outside
resource envelope
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Alacran Mineral Resources
115m @ 0.92% Cu, 0.85 gt Au
109m @ 0.95% Cu, 0.35 gt Au
24m @ 1.64% Cu, 0.62 gt Au
15m @ 0.65% Cu,
0.30 gt Au
63m @ 0.40% Cu,
0.15 gt Au
200m
High-grade copper-gold mineralisation from surface on section that is up to 400m lateral
and open down dip. Very low strip ratio.
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Alacran Expansion Potential
• Inferred mineral resources are
within a conceptual Whittle
open-pit shell over 1.3 km and
to a depth of only 220 metres
• Drilled copper-gold
mineralization occurs below the
pit shell but not included in the
resource due to sparse drilling
• Additional ”unclassified”
mineralization within the pitshell but not included in the
resource provides immediate
drilling potential to increase
tonnages
Copper-gold mineral resources in the Inferred category and unclassified mineralized material in relation
to a conceptual Whittle pit shell and drill-hole traces, 3D view towards northeast
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Alacran Large Scale Potential
• Mineral resources start from
surface to a current depth of only
220 metres
• High grade Inferred shell of
7.4Mt at 2.14% Cu and 0.41 g/t
Au
• The Alacran deposit has potential
for open-pit development at
relatively low strip ratios (subject
to an economic study)
• Conversion of “unclassified”
mineralization to a resource will
potentially decrease waste to ore Plan view of copper-gold mineralization “grade” shells, , drill-hole traces and conceptual Whittle pit shell
ratios further
10
Alacran High Grade Potential
• Identified Carbonate-Base-MetalVeins
• Similar to Continental Gold’s Buritca
and Barrick’s Pogera HG mines
• ACD036: 4,440 g/t gold + 10.25%
copper + 24.70% zinc + 347 g/t
silver over 0.90 metres
• Structurally controlled CBM veins
hosted in a late stage
chalcopyrite-sphalerite-carbonatecoarse gold vein that overprints
earlier chalcopyrite-pyrrhotite
copper-gold mineralization
• Drilling will focus on determining
the extent of the CBM veins
Figure 1: Image of strong coarse visible gold in sphalerite-carbonate vein
cutting chalcopyrite in ACD036
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Alacran – Just the Beginning
Significant potential for large tonnage open-pit copper gold deposit
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Alacran Deposit
Intense mineralization
13
District Scale Potential
• San Matias has the potential for
multiple large scale discoveries
• Three parallel 13-km north-south
trending structures
• Main porphyry trend hosts multiple
porphyry intrusive centres (Montiel
and Costa Azul) with large, high
grade gold targets east of the trend
• Alacran current inferred resources of
54Mt at 0.7% Cu and 0.37 g/t Au
with potential to grow
• Hunting for the source porphyry at
Alacran - potential game changer
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District Scale Potential
• Numerous copper and gold
targets along the trends
• Alacran is just the first
discovery with potential for
tier one porphyry
discoveries
• Targets will be drill tested in
2017
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Why a Partnership with HPX
•
Proprietary, deep IP Typhoon technology to explore district scale potential of San Matias
•
Proven team at finding world class assets – Voisey’s Bay (Canada), Oyu Tolgoi (Mongolia), Kamoa
(DR Congo), Platreef (South Africa)
•
Joint Venture terms includes:
•
Phase 1 – $6 million for a 25% interest (completed)
•
Phase 2 – additional $10.5 million for a 51% interest (completed)
•
Phase 3 – carry to feasibility for a 65% interest (unlimited spend)
•
HPX has entered Phase 3 of the JV with a focus to advance Alacran and discover a Tier One
Porphyry
•
HPX owns 37% of Cordoba with a three year standstill agreement
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Experienced Management
Mario Stifano – President and CEO
Over 12 years of experience in the mining sector, having raised over $600 million in project financings. Former CFO of Lake Shore Gold
and Ivernia Inc. with projects moved from exploration to commercial production
Cybill Tsung – Chief Financial Officer
CPA and CA with over 14 years of diverse international experience in TSX and TSXV-listed companies with a mining focus. Former
CFO of Sabre Metals Inc. and Corporate Controller for Andina Minerals Inc.
Christian Grainger – Vice President, Exploration
More than 15 years of experience as a geologist in Latin America, Australia and West Africa, specializing in grassroot and brownfield
exploration, resource definition and development. Former VP Exploration-Regional for Continental Gold
Claudia Herrara – Country Manager
Over 15 years of experience administering mining companies in Colombia. Attorney at Law and Economist specializing in contracts,
government and environmental issues. Recently appointed to the Board of Directors of the National Mining Association of Colombia
Sarah Armstrong – Vice President, General Counsel
Previously with Linklaters and Xstrata and has nine years experience in emerging markets leading transactions in Asia and Latin
America including Hong Kong, Singapore, Mongolia, China, Chile, Peru and Colombia
Charles Forster – Special Advisor
P. Geo has more than 45 years experience, including SVP of Exploration at Oyu Tolgoi and led the discovery team of the world class
Oyu Tolgoi copper gold porphyry in Mongolia
Luis Fernando de Angulo – Special Advisor
CSR specialist with experience at Cerrajon in Colombia and Occidental Petroleum
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Experienced Board
Peter Meredith – Chairman
Director of Ivanhoe Mines Ltd. (formerly Ivanplats), a former Deputy Chairman of Turquoise Hill Resources and a
former partner at Deloitte LLP.
David Reading – Director
Former CEO of Aureus Mining Plc and former CEO of European Gold Fields and general manager African exploration
for Randgold
Ignacio Rosado – Director
CEO of Volcan a large Peruvian Zinc and Silver producer and former CFO of Hochschild Mining
Eric Finlayson – Director
Geologist with 30 years of experience including five years as head of exploration for Rio Tinto
Bill Orchow – Director
Former CEO of Revett Minerals Inc. and prior CEO of Kennecott Minerals Co from 1994 to 2002 (Rio Tinto)
Tony Makuch – Director
Former CEO of Lake Shore Gold and current CEO of Kirkland Lake Gold. Engineer with over 25 years of operation
experience including COO of FNX Mining
Govind Friedland – Director
Executive Chairman of GoviEx Uranium and founder of Ivanhoe Industries
Note: HPX has the right to nominate one Board Member
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181 University Ave., Suite 1413
Toronto, Ontario, M5H 3M7 Canada
www.cordobaminerals.com