Project Onion by wulinqing

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									Building a Mid Tier Copper Company
                 PDAC – March 8, 2006
Forward Looking Statements
Certain information appearing in this presentation constitutes forward
looking information. Forward looking information is subject to known
and unknown risks, uncertainties and other factors, including
potentially inaccurate assumptions, which may cause the actual
results, production, performance or achievements of Quadra and/or its
subsidiaries to be materially different from the future results,
performance or achievements expected or implied by the forward-
looking information. You should not rely on this forward looking
information which speaks only as of the date of this presentation.

No invitation to purchase securities is being made.

For detailed information about the Company, please see our Annual
Information Form, Financial Statements and other materials
available from www.sedar.com or our website, www.quadramining.com
Market Snapshot
  Stock Symbol                                        QUA.TSX
  Shares Outstanding                                35.7 Million
  Shares Fully Diluted                              39.5 Million
  Market Capitalization @ C$7.30                  C$261 Million
  Financings:                      IPO 2004       C$145 Million
                                   Carlota 2006   C$ 52 Million
  Shareholders                               Institutional 82%
                                             Retail        12%
                                              Insiders      6%
  52 Week Hi/Low                                  $8.45 - $4.50
  Research Coverage                         BMO Nesbitt Burns
                                              Orion Securities
                                             Raymond James
                                                        GMP
                                            Dundee Securities
                                                 TD Newcrest
                                                  RBC Capital
    Quadra’s Business and Strategic Growth Plan:

Anticipating a protracted high copper price, Quadra was formed to participate at the
beginning of the cycle with the following mandate:

   Position the Company to take advantage of unprecedented industry consolidation
    which generated opportunities for asset acquisition
       less competition for smaller assets and a scarcity of pure play investment opportunities


   Lever management’s expertise as mine operators, developers and financiers to
    create value

   Create value by increasing copper equivalent production to 500 million lbs/year
    by 2008

   Diversify risk profile with multiple assets

   Pursue consolidation to achieve the critical mass required to fund growth from
    cash flow
 Current Copper Production and Pipeline Projects


Robinson Mine – Nevada, USA   Carlota – Arizona, USA   Sierra Gorda - Chile




 Positive cash flow            A development ready      An advanced
 from current copper           leach operation to       exploration project
 production                    produce cathode          expected to provide
                               copper                   production in the longer
 Foundation for                                         term
 growth                        Will lower company
                               wide average
                               operating costs
Our View on Copper Drives
our Strategic Plan…

     The industry continues to operate in a deficit situation …
  High Demand…
                Projected growth of +4 % being supported by China and developing middle class

                                   Copper Consumption, 1950-2010                                                                        Global Copper Production and
              25
                                                                                                                                   18            Consumption
                                          China
                                          Other                                            2004-2010f                                                 Production
              20                                                                           4.3% a year
                                          West                                                                                     17                 Consumption

                                                                                   1993-2004:
                                                                                   3.8% a year
  million tonnes Cu




                                                                                                                       million tonnes
              15
                                                                                                                                   16
                                                                1983-1993:
                                                                1.9% a year
                                                      1973-1983:
              10                                      0.6% a year
                                                                                                                                   15
                                 1950-73:
                                 4.5% a year

                      5                                                                                                            14



                      0                                                                                                            13

                                                                                                                                        1998

                                                                                                                                               1999


                                                                                                                                                       2000




                                                                                                                                                                            2003


                                                                                                                                                                                   2004

                                                                                                                                                                                          2005
                                                                                                                                                              2001

                                                                                                                                                                     2002
                                                                                           1995

                                                                                                  2000

                                                                                                         2005

                                                                                                                2010
                                                                            1985

                                                                                    1990
                                                       1970

                                                              1975

                                                                     1980
                          1950

                                 1955

                                        1960

                                               1965




Based on 16.8 M tonnes of demand supply must grow by ~ 2100 tonnes in next 3 years

                                                                                                                                                                 *Source data: Macquarie Bank Ltd.
Critically Low Supply…
   Lack of investment – 10 year drought
      Exploration
      Mine development

   Consolidation
     Big guys need big projects
     Conservative investment approach based on the last few years

   Restarts
      All possible restarts are already operating

   Project development
      Permitting requirements extend timelines by years
      Shortages – engineering, construction labour and equipment
Create A Long Copper Cycle and a
Strong Copper Price
                                        Inventory Level          Copper Spot

                           $2.20                                                      1,200,000
                           $2.00
                           $1.80                                                      1,000,000




                                                                                                  Inventory Level (tons)
   Copper Price (US$/lb)




                           $1.60
                                                                                      800,000
                           $1.40
                           $1.20
                                                                                      600,000
                           $1.00
                           $0.80                                                      400,000
                           $0.60
                           $0.40                                                      200,000
                           $0.20
                           $0.00                                                      0
                               1990   1993    1996        1999      2002       2005
“Record High Copper Prices”
Actually, no…
                                                         US Production Price - 2004 dollars
                                                         Flotation
Copper Price (US$/lb) in constant 2004 dollars




                                                 $8

                                                 $7

                                                 $6

                                                 $5

                                                 $4                                  Open Pit and SX/EW
                                                 $3

                                                 $2

                                                 $1

                                                 $0

                                                  1900    1920       1940     1960          1980          2000
         Part of the Current Copper Price is Currency
         Exchange Driven
          Quadra’s revenue and costs are US$ denominated resulting in little or no exposure
           to its depreciation


         300

                                                                                                                  20%




                                                                                      % Appreciation of Forex
         250                                                                                                      18%




                                                                                         Operating Costs
                                                                                                                  16%
         200                                                                                                      14%
                                                                                                                  12%
         150
                                                                                                                  10%
                                                                                                                   8%
         100
                                                                                                                   6%
                                                                                                                   4%
           50
            Jan-02   Jul-02   Jan-03   Jul-03   Jan-04   Jul-04   Jan-05   Jul-05                                  2%
      Copper in US Dollars                                                                                         0%
      Copper in Canadian Dollars
      Copper in Euros
                                                                                                                           QUA       FM        TKO       EZM        IMN       AUR




                                                                                                                Source data: Respective AIF 2004, www.oanda.com, Raymond James April 2005,
*Currency variation for preceding 365 days from Sept 12, 2005 against the US dollar
for the currencies of Chile, Canada, Europe, Finland, PNG, Turkey, & Zambia                                                         Based on wt. avg. country exposure local production costs:
Quadra Assets
   Robinson Mine
A Producing Asset Generating Cash Now
The Robinson Mine - Overview
   Copper operation with by-product gold
    and molybdenum production

   Built for US$480M by Magma/BHP Billiton
    and operated from 1996 to 1999

   Purchased by Quadra for US$14.3M in
    April, 2004

   Recommenced production in August
    2004

   2005 - first full year of production:
       126.3 million pounds of copper
       81,000 ounces of gold


   Mineral reserve as of January 1, 2006
       145.5 Mt @ 0.69% Cu, 0.25 g/t Au
       Strip ratio 3.4:1
       Mine Life – 10.3 years
A Successful Restart in 2004 was Followed
by Some Challenges in 2005

   Industry Issues:
      Rapidly rising costs (fuel, freight, TC/RC, reagents)
      Shortages of manpower
      Equipment deliveries

   Robinson Issues:
      North Pit wall movement was earlier and greater than expected
         Diversion of equipment
         Stripping delays
         Lower ore grades

       Recovery and grade issues

       Untimely hedging of copper production
Robinson and Managing Risk in 2006

   Benefit of one year operating experience

   A revised mine plan addresses stability issues

   Mill performance has consistently been above nameplate

    design

   Molybdenum circuit nearing commercial completion

   Work force recruitment and training is ongoing priority
2006 Guidance for Robinson

Copper Production                                                                                                     145-150 million lbs
Gold By-product Production                                                                                   55,000 – 60,000 ounces
Molybdenum By-product Production (potential*)                                                                           1.0-1.6 million lbs


Onsite Operating Costs**                                                                                                          $145 million


Offsite Operating Costs**                                                                                                            $72 million


Capital Costs                                                                                                                          $6 million




 *Quadra is presently unable to confirm the size or grade of the molybdenum resource according to NI 43-101 requirements See the 2005 AIF for historical data source
                                                                                                                  **Operating costs do not include by-product credits
Robinson Opportunities
   Exploration drilling for
    increased reserves
       Reserves limited by available
        drilling

       Open pit resources as target


   NAV enhancing projects
    being actively pursued

       Copper heap leaching

       Gold heap leaching

       Alternate concentrate
        processing routes
        (Hydromet)
  Carlota Project


An Exact Fit within our Strategic Plan…
Carlota Project Purchased by Quadra in
December 2005
Location:
  Located near Globe/Miami, Arizona - a prolific copper mining district

Acquisition Terms:
 Purchased from Cambior for:
     $15 million paid on closing
     50,000 ounces of gold payable in 8 quarterly installments
     Included 10 used trucks, 1 used shovel and a solvent extraction plant

   Cambior spent $68 million to complete a feasibility study and bring the
    property to full permit status

Key Attributes:
 Oxide mineralization will produce US deliverable LME Grade cathode copper
 Run of mine leaching with unusually high Cu recovery and low acid
   consumption
A Snapshot Of Carlota
   A current NI 43-101 Technical Report* identified the following parameters for
    financial analysis:

       Mineral Reserves                                                    100,433,000 tons
       Average Grade                                                       0.39% copper
       Average Recovery                                                    84.6%
       Copper Production                                                   66 million lbs /annum
       Mine Life                                                           11 years
       Capital and Pre Production
        Costs                                                               $118 million*
       LOM Cash Operating Costs                                            $0.61/lb Cu produced*
       Mining Method                                                       Open Pit
       Processing Method                                                   ROM Heap Leach / SX-EW
       Product                                                             LME Grade Cathode Copper
       First Production                                                    H2 2007**
       Full Production                                                     2008**




               *NI 43-101 report as prepared by Independent Mining Consultants, (“IMC”) Cost figures adjusted to Quadra estimates including contingencies
                                                                                                                **Assumes July, 2006 start of construction
Drivers for Acquisition
   Accretive to NAV

   Adds 66 million lbs per year of production, increasing critical mass

   Permitted and bonded site

   Reduces the Company’s average cash cost of production

   Diversifies risk from single mine status

   Continues growth in U.S.A.
     Continues exposure to US$

     Provides synergies with the Robinson Mine in Nevada

     Delivers US deliverable metal for premium to LME price



   Management has significant heap leach/SX-EW experience
Financing Considerations for Carlota

   Currently in discussion with lending institutions re:
       Non recourse project financing on Carlota
       Copper linked note
       High yield debt


   2006/2007 Cash flow from Robinson

   No further equity requirement expected




                                           * NI 43-101 report as prepared by Independent Mining Consultants, (“IMC”)
The Sierra Gorda Project


    A Pipeline Project at an Advanced Exploration Stage
    Sierra Gorda
   A large first time consolidated land
    position in an established mining district:
       Antofagasta’s Tesoro Mine (90,000 tpy Cu)
       BHP’s Spence Mine (200,000 tpy Cu)
       Package contains former Outokumpu
        Santa Catalina Project


   NI 43-101 compliant resource based on
    historical and Quadra drilling

   Option agreement, back end loaded,
    cheap entry, no royalties

   Potential tip of the iceberg project with
    significant resource upside

   2006 drilling, testing and infrastructure
    studies
Summary
Quadra Today…
   Copper fundamentals remain strong based on a continuing supply/demand
    imbalance

   Cornerstone Robinson Mine now operating at planned capacity
       126M lbs Cu and 81,000 oz Au in 2005
       Molybdenum circuit nearing commercial production
       Cost inputs have largely stabilized
       Recently announced 27% increase in 2P reserves
       Tripp Pit completed – 2006 ore delivery from Veteran Pit

   Carlota Project ready for development
       11 years of low cost SX-EW copper production from second mine located in the U.S.A.
       First production expected in H2 2007 with full production in 2008
       Advanced discussions with debt providers – Quadra expects no further equity dilution
        to finance the development of Carlota

   Defined financial performance expected regardless of copper price
    fluctuations
       Hedges in place for 90 million pounds of 2006 copper production at US$1.70 per
        pound
       August to December 2006 production remains un-hedged
And is Poised for Appreciation

   Current copper production with significant gold and molybdenum by-product
    credits and a focus on growth

   Initial teething problems at Robinson have been dealt with and improved
    operation and financial performance has begun

   Strong cash flow per share

   Low sustaining capital at Robinson and low capital cost at Carlota

   Experienced management team

   US$ denominated operations and costs
Appendix
 Corporate Snapshot
Stock Symbol:                                                                  QUA.TSX    IPO – April 2004                                                   CDN $145 million


Shares O/S                                                                 35.7 million   Shares F/D                                                                 39.7 million



Shareholders                                                               Insiders: 6%   Institutional:                                                                    82%
                                                                                          Retail:                                                                           12%


Market Capitalization                             CDN $249 million @ $7.00 share price    52 week hi/low                                                          $8.45 - $4.50

Operating Asset:                                              Robinson Mine, Nevada       LOM Metal Production:                                              1.65 billion lbs Cu
Development Projects                                Carlota, USA & Sierra Gorda, Chile                                                                           570,000 oz Au


                                                                          Analyst Coverage
   Orion Securities             George Albino                 1-416-848-3594              Overweight                 Target Price $7.80           NOV 2005

   BMO Nesbitt Burns            Jay Turner                    1-416-359-4309              Outperform                 Target Price $10.00          DEC 2005

   GMP Securities               David Charles                 1-514-288-7774              Buy                        Target Price $9.10           DEC 2005

   Dundee Securities            Mike Collison                 1-416-350-3231              Outperform                 Target Price $7.80           JAN 2006

   TD Newcrest                  Cliff Hale-Sanders            1-416-983-9259              Buy                        Target Price $10.00          DEC 2005

   Raymond James                Tom Meyer                     1-416-777-4912              Strong Buy                 Target Price $9.50           FEB 2006

   RBC Capital                  Fraser Phillips               1-416-842-7859              Outperform                 Target Price $10.00          FEB 2006

      Q3 2005 Financial Information                                                        Regulatory Information
      Q3 Cash on Hand                                            $ 9,413,000               Size of Issuer (Assets):               $100,000,001 to $500,000,000
      Q3 Net Loss                                                $10,890,000               POP System Issuer
      Capital Assets                                             $45,029,000               Reporting Jurisdictions:
      Robinson Start Up Expenditures and Deferred Charges                                                      All provinces and territories of Canada
                                                                 $24,879,000               Regulatory Filings available on www.sedar.com
      Sierra Gorda expenditures                                   $6,108,000               Recent Filings Include:
      Mining Equipment Bond                                      $14,658,000               Q3 Financial Statements & MD&A                            Nov 9, 2005
      Environmental Bond                                         $19,586,000               Annual Information Form                                   Mar 30th 2005
      Funds in trust for reclamation                              $9,755,000               2004 Annual Report                                        Mar 11th 2005
      Concentrate Inventory                                      $12,168,000               Robinson Mine Technical Report                            Aug 31st 2005
Experienced Management & Board
   William Myckatyn, Chief Executive Officer, Director
   Paul Blythe, President, Director
   Jack Miller, Chief Operating Officer
   Derek White, Chief Financial Officer


   Alexander (Sandy) Laird, Chairman of the Board (Independent)
   Geoffrey Belsher, Director
   Neil Mackenzie, Director (Independent)
   George Poling, Director (Independent)
   Gregory Van Staveren, Director (Independent)
   Ken Williamson, Director (Independent)
2005 Production Snap Shot
                                 Q1 2005      Q2 2005      Q3 2005    Q4 2005   TOTAL 2005


Ore + Waste mined (Tonnes          16,017       17,740       20,608    16,713        71,078
     000’s)
Ore milled (Tonnes 000’s)           3,296        3,570        3,466     3,426        13,748
Stripping ratio                       2.7          4.2          4.3       4.8           4.0
Copper grade (%)                     0.51         0.50         0.60      0.57          0.55
Gold grade (g/t)                     0.32         0.33         0.39      0.34          0.34
Copper recovery                    74.2%        76.4%        79.5%     73.5%         76.4%
Gold recovery                      41.5%        51.3%        57.3%     61.5%         55.2%
Copper production                    27.6         30.5         36.5      31.6         126.2
( Million lbs)
Gold production (ozs)              14,081       19,932       24,666    22,262        80,941
Cash cost per pound produced   US$1.23/lb   US$1.25/lb   US$1.19/lb

Copper sales                         32.8         35.6         35.9
(Million lbs)
Quadra’s Quarterly Performance
                       Q4 2004       Q1 2005       Q2 2005         Q3 2005



Net Earnings       ($2,375,000)    $3,788,000    $2,879,000   ($10,890,000)
(loss)            ($0.11/share)   $0.14/share   $0.11/share   ($0.40/share)


Cash Flow                  N/A          $0.5M       $12.6M           $3.1M
                                  $0.02/share   $0.46/share    $0.11/share

Concentrate             14,343        52,725        65,686          64,208
Sold (dmt)

Net Revenue        $11,932,000    $43,474,000   $55,998,000    $63,432,000



Realized Copper          $1.47          $1.51         $1.54          $1.43
Price
Mineral Reserves and Resources
ROBINSON MINE
                                 Mineral Reserves as of January 1, 2006
                                                                          Below      Total     Strip
                                 Material Above Cutoff                    Cutoff    Material   Ratio
   Reserve          Tonnes                       Cu Tonnes     Au oz      Tonnes    Tonnes
                              Cu%     Au (g/t)
   Classification   (000's)                       (000's)      (000's)    (000's)   (000's)

   Proven           140,412   0.69%     0.249        966        1,124
   Probable          5,104    0.73%     0.218         37          36

   Proven and
   Probable         145,516   0.69%     0.249       1,004       1,160     493,460   638,976    3.39
Mineral Reserves and Resources
CARLOTA COPPER PROJECT
                                  Probable Mineral Reserves
                                       Carlota/Cactus
             Mining         Ore     Copper Grade      Waste         Total     Strip
             Phase        (Ktons)     (% Tot Cu)     (Ktons)       (ktons)    Ratio

               1           27,989         0.365        48,067      76,055     1.717
               2           30,760         0.421        36,343      67,104     1.182
               3           24,749         0.385        38,568      63,317     1.558
               4           11,075         0.433        34,942      46,017     3.155

                                    Eder North and Eder Junior
           Eder North      5,342          0.335         13,121     18,463     2.456
           Eder Junior      519           0.282           289       808       0.557

              Total       100,433         0.392        171,331     271,764    1.714




                                            Resources
                                                     Ore           Grade
                      Classification               (Ktons)       (% Tot Cu)

                      Measured                      17,355         0.483
                      Indicated                    131,206         0.338

                      Measured & Indicated         148,561         0.354

                      Inferred                      22,304         0.265
Mineral Reserves and Resources
SIERRA GORDA

                                              Sulphide Indicated & Inferred Resources
                                                                        Total                                     Total
               Cutoff      Tonnes    Grade           Grade                               Cu Lbs     Grade                    Mo Lbs
 Class                                                              Contained Cu                              Contained Mo
             Grade % Cu     (000s)   CuEq %          Cu %                                (000s)     Mo %                     (000s)
                                                                      (Tonnes)                                  (Tonnes)

 Indicated      0.34       215,100    0.71             0.38            810,000          1,789,500    0.07       141,000      311,600
 Inferred       0.34       182,200    0.50             0.38            700,000          1,534,600    0.02        43,000       95,000




                                         Oxide Indicated & Inferred Resources
                                                                          Total
                                   Cutoff     Tonnes     Grade                                       Cu Lbs
               Class                                                 Contained Cu
                                 Grade % Cu    (000s)     Cu %                                       (000s)
                                                                        (Tonnes)

               Indicated             0.20         180,770       0.37          660,000               1,464,580
               Inferred              0.20          36,470       0.29          104,000                229,660
QUADRA MINING LTD.
     QUA.TSX

 www.quadramining.com
 info@quadramining.com
 604-689-8550 (t)

								
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