Attached files
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8-K - CURRENT REPORT - IRELAND INC. | form8k.htm |
Forward Looking Statements
This Presentation may contain, in addition to historical information, forward-looking statements. Statements in this Presentation that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors and elsewhere in the Company's periodic filings with the U.S. Securities and Exchange Commission. When used in this Presentation, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential, "should," and similar expressions, are forward-looking statements. The risk factors that could cause actual results to differ from these forward-looking statements include, but are not restricted to the Companys limited operating history, uncertainties about the availability of additional financing, geological or mechanical difficulties affecting the Company's planned geological work programs, uncertainty of estimates of mineralized material, operational risk, environmental risk, financial risk, currency risk, and other statements that are not historical facts as disclosed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K filing with the SEC and elsewhere in the Company's periodic filings with securities regulators in the United States. Copies of the Company's periodic reports are available on the SEC's website at http://www. sec.gov.
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Company Vision
Build
Ireland (IRLD) into a significant mid-tier mining company • Columbus Project - Acquired 100% Gold / Silver mining rights Option to Expand • Red Mountain Project Option to buy 100% Gold / Tungsten / Silver mining rights |
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Columbus Project- Opportunity
With permits already granted,
the Columbus Project is
expect to be in production in 2010.
Prefeasibility work and drilling programs for the Columbus Project have been ongoing for the past several years and have:
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Identified an area containing approx. 200 million tons of mineable material with an average sample head grade of 0.041 oz/per ton Au Equivalent
-
Conducted pilot scale tests indicating extraction rates of precious metals of 70% to 83%
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Identified a simple low-cost direct leach extraction process
Ireland is an unrecognized
investment opportunity and could achieve
substantially higher valuations based on the progress of its technical
program and the value of its resources/reserves.
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Overview
Columbus Project Mill-Site Facility |
Columbus Project • Gold and Silver Project • A dry salt marsh with drill indicated zones of surface mineable material • Mine site production permit has been granted • Short production horizon |
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Location
The Project is located between Las Vegas & Reno in the Columbus Basin, in Esmeralda County, Nevada a region with a proven history of major discoveries of gold and silver. |
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Rich Regional History
Columbus Project is in a mineralized area: | |
• Round Mountain (Gold)* | |
• Owned by Barrick and Kinross | |
• 20 M oz gold deposit | |
• 16 M oz mined (12M oz extracted to 2008) | |
• 97% invisible gold | |
• Head Grade 0.018 opt Au | |
• 2008 Production: +/-600k oz Au | |
@125K tpd ore (cyanide) | |
• ~ 60 miles from Columbus Project | |
• Candelaria (Silver)* | |
• Original claims in 1860s | |
• 151 M oz of silver identified | |
• 68 M oz of silver mined | |
• ~ 5 miles from Columbus Project | |
* - data from published reports |
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Project Assets
The Columbus Project consists of : • 19,680 acres of mineral claims on federal land administered by the BLM (Bureau of Land Management), with an option for an additional ~22,640 acres. • 380 acres permitted to 40 feet for extraction of gold, silver and production of Calcium Carbonate (Zone A - Permitted Mine Area) - 320 acre mine site, 60 acre mill site • Water usage rights of aquifers in basin • 80 acres of private land - Future development flexibility
|
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Technical Program
* New cost estimatesand recent
test results have led the Company to |
2008 Exploratory Drill Program • 39-hole drill program conducted in Area of Interest (~5,000 acres / 8 sqr miles) • New Gold/Silver Discovery Large Tonnage Potential • Three surface mineable areas: ~1,590 acres • Surface up to 200 foot depth • ~200MM tons potentially mineable material • Sample average 0.041 opt Au equivalent • Gold is fine and entombed in clays. The challenge of the project will be to extract the Gold from these clays |
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Zone B Mineralized Intercepts
• Mineralized intercepts | • Mineralization appears | • Dredge mining method |
(identified to date) | to be unbounded in all | could cost effectively |
average grade of 0.045 | directions | mine up to 200 foot depth |
opt Au Equivalent | or more |
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Project Prefeasibility
Extraction Leach Test Results
Parameter |
Test
Size (lbs) |
Au
Equivalent Head Grade (opt) |
%
Recovered into Solution |
%
Recovered as Metal-in-Hand |
Zone A Permitted Mine Area | 1,738 | 0.062 | 86.6% | 69.4% |
Zone B Hole (S7B) | 2,000 | 0.070 | 94.4% | 84.1% |
Zone B Drill Composite (S1B) | 5.5 | 0.041 | 91.0% | n/a |
Zone B Drill Composite (S9B) | 5.5 | 0.074 | 90.0% | n/a |
Zone B Drill Composite (S12B) | 5.5 | 0.057 | 80.6% | n/a |
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Bench Scale Tests (5.5 pounds) are not large enough to recover on resins or activated carbon, instead, precious metals were extracted by precipitation from leach solution
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Zone B is located 3 miles south of the Zone A Permitted Mine Area
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Independent Confirmation
All reported work to date has been completed and performed by third party engineers/geologists under Chain of Custody (COC)
Technical Team Independent firms:
Permitting
- Lumos & Associates based in Reno, NV
Project Resources
- McEwen Geological Drill program management / Modeling
- Arrakis Inc. Mining and production process design/ Metallurgy
- AuRIC Metallurgical Labs Drill sample analysis / Metallurgy
Project Feasibility
- Arrakis Pilot Plant Operations/Project Construction
- AuRIC Leach Testing / Extraction Process Development
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Project Pre-Feasibility
Process Flow Diagram
Estimated Operating Costs (similar to typical Tank Leach Operations) ~ $10/ton
Current Production Permits: mine up to 792,000tpy in Zone A Permitted Mine Area, a 320-acre area, to a depth of 40 ft. (estimated mine life 17+ years)
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2009 Completed Milestones
• Discovered mineralized areas; ~1,590 acres potential |
• Average Sample grade of 0.041 opt Au equivalent |
• Completed two ~2,000-lbs pilot scale leach tests |
• Extracted Au & Ag with simple direct leach process |
• Recovered ~70% to 83% of Au and Ag as metal-in-hand |
• Completed eight bench scale tests (~5.5 lbs) |
• Extracted Au and Ag to show consistency in extraction |
• Tests used to define and refine extraction process |
• ~200MM tons of mineable material identified from 2008 drill program results |
• Operated mine (dredge) and pilot plant to test mining and concentrating methods |
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Project Development 2009/2010
Determine Increased Project Resources/Reserves |
• Expanded drilled area with completed 2009 drill program |
• Calculate increased project resources and reserves |
• Complete resources/reserves technical report |
Complete Project Feasibility |
• Complete additional bench/bulk leach tests to refine process |
• Operate on-site pilot plant to optimize/finalize production process |
• Determine operating/capital costs for full production |
• Complete site plan for full production facility |
• Complete application for permit modifications (if necessary) |
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Project Summary
The Columbus Project represents a solid exploration and production opportunity: • Full permit for the extraction of Gold and Silver and the production of Calcium Carbonate • Big Box Store of mining operations: high volume and low cost • Near term production potential |
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Financial Information
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Capitalization and Finances
Capitalization (11/30/2009) | |
Issued and Outstanding | 110,899,442 |
Free Float | ~54,000,000 |
Total Fully Diluted | 137,722,430 |
Market Capitalization (current) | ~$50 M |
Finances | |
Cash (09/30/09) | ~$592,000 |
Recent Financing | ~$4,800,000 |
Budget (Oct 1 09 to June 30 10) | $3,312,000 |
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Expenses
Cash Expenses | |
Budget (09/01/09 06/30/10) | |
Columbus Project | |
Property Payments | $ 30,000 |
Drilling Program and Resource Estimates | 395,000 |
Pilot Plant / Project Feasibility | 1,887,000 |
Columbus Project Sub-Total | 2,312,000 |
Red Mountain Project | 60,000 |
General and Admin. | 940,000 |
Cash Expenditure | $3,312,000 |
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Investment Summary
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Exploration company with goal of production in 2010
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Columbus project has already identified approx. 200m tons of mineable material avg. sample grade of 0.041 opt of gold equivalent
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Assembled Talented Technical Team
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Strong Mineral / Metal Prices
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Ireland Inc.
Corporate Office:
2441 West Horizon Ridge Parkway,
Suite 100
Henderson, NV, 89052
(702) 932-0353
info@irelandminerals. com
http://www. irelandminerals.com
InvestorRelations:
Terri MacInnis | R. Jerry Falkner, CFA |
Bibicoff + MacInnis, Inc. | RJ Falkner & Company, Inc. |
Tel: 818-379-8500 | Tel: 800-377-9893 |
Email: terri@bibimac.com | Email: info@rjfalkner.com |
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