You are on page 1of 22

TSX-V: IML

OTCQB: SLDRF
Presents

Putting our stamp of innovation on mining

Corporate Structure

Cautionary Statement

Forward Looking Information
This Presentation contains ‘‘forward-looking information’’ and forward-looking statements within the meaning of applicable Canadian and
United States securities legislation. Forward-looking information may include, but is not limited to, information with respect to the
anticipated, revenue, cash flow, production and developments in our operations in future periods, our planned research, exploration and
development activities, the adequacy of our financial resources, the estimation of mineral reserves and resources, realization of mineral
reserves and resource estimates, costs and timing of development of the projects we currently own or intend to acquire (the “Projects”),
costs and timing of future exploration, results of future sales, revenue, exploration, timing and receipt of approvals, consents and permits
under applicable legislation, our executive compensation approach and practice, the composition of our board of directors and committees,
and adequacy of financial resources. Wherever possible, words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’,
‘‘estimates’’, ‘‘forecasts’’, ‘‘anticipate’’, ‘‘believe’’, ‘‘intend’’ and similar expressions or statements that certain actions, events or results
‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will’’ be taken, occur or be achieved, or the negative forms of any of these terms and similar
expressions have been used to identify forward-looking information. Statements concerning revenue estimates and mineral resource
estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of revenue or the
mineralization that will be realized if the property is developed. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of
historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ from those expressed or implied. Although we have
attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or
other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks,
uncertainties and other factors. Our forward-looking information is based on the beliefs, expectations and opinions of management on the
date the statements are made, and we do not assume any obligation to update forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors
should not place undue reliance on forward-looking information.

Corporate Structure

Mission Statement

Iberian’s objective is to become a low-cost producer of precious metals in an
environmentally responsible, sustainable and profitable manner by utilizing innovative
technologies and expertise…

Iberian
Minerals

Solid Mines
Espana

Exploration
Properties

Mineworx
Technologies

Research /
Fabrication

Mobilization /
Maintenance

MineWorx
USA

HMX
Solutions

Operating
unit in US

HM X-leach
R&D

An eco-friendly, non-cyanide based leach extraction process for precious metals from ore and electronic waste (e-Waste) for recoveries of up to 99%.

Three Patent-Pending Technologies……….

A fine grinding process that significantly reduces capex and operating costs. The HM X-mill is designed
to be energy efficient and portable allowing for low cost operation in remote installations with minimal
infrastructure required. Designed for stand-alone applications or as a component to the HM X-tract
precious metal processing unit.

A unique and portable heavy mineral extraction process. The combined water clarification and
filtration technologies allow operators to recycle most of the process water used at a typical mine site.

An eco-friendly, non-cyanide based leach extraction process for precious metals from ore and
electronic waste (e-Waste) for recoveries of up to 99%.

The patent-pending HM X-mill is a transformation in grinding technologies and is based on
Mineworx’s proprietary, high velocity, horizontal rotary milling design. It can be a stand-alone
unit or a compenant of HM X-tract. It is designed for the fine grinding of ores and regrinding
of concentrates and tailings. It is designed to produce a consistent particle size with 100% of
the ground material passing 100 mesh (150 μm) or higher

A Transformation in Grinding Technology

Portable and modular design - no permanent structures, access to remote locations

No Grinding media - no balls or rods to replace

Low CAPEX solution - no costly foundations or infrastructure required

Reduced operational Costs - less equipment required,
- significantly reduced power consumption

The Patent-pending HM X-tract is a unique portable heavy mineral extraction process. The
combined water clarification and filtration technologies allow operators to recycle most of the
process water used at a typical mine site. This conserves water, minimizes environmental
discharge and significantly reduces or eliminates the necessity for tailings ponds.

Corporate Structure

HM
X-mill
HM X-mill
L
L
L

Operational Highlights

Changes Industry Priorities and Valuation Matrix
 Reduced Exploration Risk
 Reduced Permitting Cycle
 Reduced Infrastructure
 Reduced Capital Requirements
 Reduced Time to Production
 Reduced Operating Costs
 Reduced Water Consumption
 Reduced Reclamation Costs

Features & Benefits

Eco-Friendly



Small environmental footprint
No tailings ponds
No Toxic chemicals required
Works in arid and sensitive locations

Economical






Low cost milling circuit
Unlocks value of smaller deposits
Allows for production based valuation metrics
Allows for non-dilutive financings
Accelerated cash flow to owner
Reduced investment risk
Increased return on investment

Corporate
Structure
Mine
Development






Less than 1% of all exploration companies will ever go into production
Typical acquisition/discovery phase - multiple millions
Pre-feasibility studies exceed $3 to $7 million
Typical capital costs for 200 TPD operation - $40 to $65 million
Industry driving development of in-ground reserves to justify CAPEX
No one is considering small scale production and organic growth through cash flow

Fast Track to Production Scenario
Year 1

$1-$5 million

Year 3

Year 4

$3-$7 million

Year 6

$40-65 million

Year 7

Corporate
Closed
MinesStructure
USA - BLM

United States Bureau of Land Management (BLM) maintains an inventory of known
abandoned mine lands on public lands. As of January 2, 2015, the inventory contained over
48,100 sites and 89,500 features.
Approximately 20% of the sites have either been remediated, have reclamation actions
planned or underway, or do not require further action. The remaining 80% require further
investigation and/or remediation.
Many of these sites were shut down due to low metal prices. A number of these sites contain
small scale, economic deposits which are too small to justify a conventional mining and
milling operation, but still large enough to justify the deployment of a strategic, portable,
low cost alternative.

Primary Focus

• Training & testing
sites
• Firing ranges
• Depleted uranium
(DU) test sites
• Military operation
clean ups

Government

• Smaller, high-grade
deposits or
stockpiled ore
• Mines in
environmentally
sensitive locations
• Mines in arid
locations
• Operating mines
wanting to enhance
current operations
• Mine tailings &
remediation
• Gravel pit operators

Military

Mining

CorporateMarkets
Structure
Target

• Mine tailings & soil
remediation
• Industrial related
heavy mineral soil
contaminations
• Government
related
contamination sites
• Small arms firing
range remediation

Secondary Focus

J
J
MJ
MJ
MJ
MJ
MJ
MJ
MJ
mJ
J
J
J
J
J
j

Corporate
Structure
Primary
Focus
Mining

New Producers

Pre-feasibility
stage preproduction

Pilot plant
production

Current Producers

Complimentary
small-scale, highgrade production

Past Producers

Tailings

Ore stock piles

Heap leach pads

Environmental
Remediation
projects (BLM)

K
K
K
k

Developm
ent Stage
Companie
s

Operating Sites
Mineworx USA signed Operating Agreements:

 Foothill Gold Mine – near Kingman
314 km (195 mi) from Phoenix
166 km (103 mi) from Las Vegas

Arizona
Foothill Gold Mine

 Vulture Peak Gold Mine – near Wickenberg
105 km (65 mi) from Phoenix

Vulture Peak Gold Mine
 Additional gold properties being negotiated

A wholly owned subsidiary of Iberian Minerals, HMX Solutions will oversee the research and
development of the patent-pending HM X-leach, non-cyanide leach formula, designed for the
extraction of precious metals from both ore and e-Waste at its fully equipped laboratory
located in Coquitlam, British Columbia.

Non-Cyanide Leach Formula
The patent-pending HM X-leach has been proven by independent analysis to be non-toxic
and faster than typical cyanide solutions on a number of different ores, concentrates and
tailings. Offering a cost effective alternative to cyanide world-wide, the non-toxic HM X-leach
formula will help to reduce the risks and environmental impact of mineral processing and
may open up opportunities in areas where the use of cyanide is banned including several
European countries, South American countries and some American states.

Hydrometallurgy
Hydrometallurgy is part of the field of extractive metallurgy involving the use of aqueous
chemistry for the recovery of metals from ores, concentrates and recycled or residual
materials... “

Hydrometallurgy is typically divided into four general areas:

Hydrometallurgy
 HM X-leach is an Eco-friendly, non-cyanide based leach extraction
of precious metals from ore and e-Waste (electronic waste)
 Non-toxic, economical and effective alternative to cyanide leaching
 No toxic chemicals
 Effective recovery rates up to 99%
 Reusable
 Full laboratory facility based in Coquitlam, British Columbia
 Collaboration with the University of British Columbia Mining
Department

Comparative Matrix

The following table compares the applicability spectrum, costs, consumptions and sensitivities of the
HM X-leach formula and some of the more prominent alternatives to cyanide
HM X-leach

Cyanide

Thiourea

Thiosulfate

Thiocyanate

Bisulfide

Ammonia

Chlorine

Applicability

Broad

Broad

Limited

Broad

Limited

Limited

Limited

Limited

pH Sensitivity

Low

High

High

High

Low

High

High

High

Leach Kinetics

Fast

Medium

Fast

Fast

Medium

Slow

Fast

Fast

Toxicity

Low

High

High

Low

High

High

High

High

1

3

2

1

1

2

2

2

Recyclability

High

Medium

Low

Medium

Medium

Medium

High

Medium

Detox Costs

Low

High

High

Medium

High

High

High

Medium

Off Gas Controls

No

Yes

Yes

Yes

No

Yes

Yes

Yes

High Temperature

No

No

No

No

Yes

Yes

Yes

No

$ Price to Cyanide

Higher

N/A

Higher

Higher

Higher

Lower

Higher

Similar

Capital Costs

Low

Low

High

Medium

High

Medium

High

High

Operating Costs

Low

Low

High

Low

High

High

High

High

Operational Sensitives

Low

High

Medium

High

High

High

High

Low

* 1: low hazard to waters;

2: hazard to waters; 3: severe hazard to waters

Hazard Classes (WGK) *

e-Waste – Value Proposition




One ton of high grade gold ore yields about 5 - 10 grams of gold
One ton of PCB circuit boards yields 155 grams of gold
One ton of high yield CPU’s produce 1,860 grams of gold
Iberian/Mineworx is presently targeting the development the HM X-leach for e-Waste
commercialization

has a Solution

Corporate Structure

A 100% Wholly Owned Subsidiary of:

Minerals
For more information please contact:

Rick Gliege
V.P. Corporate Development
Phone: 250-751-3661
Email: rick@iberianminerals.ca

TSX-V: IML
OTCQB: SLDRF

Contact