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Patrick	
  F.	
  N.	
  Anderson	
  
	
  Chief	
  Execu8ve	
  Officer	
  
High-­‐Grade	
  │	
  Low-­‐Risk	
  	
  │	
  	
  Explora8on	
  │	
  Development	
  │	
  Europe	
  	
  │	
  	
   	
   	
  June	
  2013	
  
Sample	
  from	
  the	
  T17	
  vein	
  –	
  188	
  g/t	
  of	
  gold,	
  103	
  g/t	
  of	
  silver	
  and	
  5.07%	
  of	
  copper	
  
	
  
Forward-­‐Looking	
  Statement	
  &	
  Qualified	
  Persons	
  
2	
  
This	
  presenta8on	
  contains	
  “forward	
  looking	
  informa8on”	
  which	
  may	
  include,	
  but	
  is	
  not	
  limited	
  to,	
  statements	
  with	
  respect	
  to	
  [future	
  financial	
  or	
  opera8ng	
  performance	
  of	
  the	
  Company	
  and	
  its	
  mineral	
  
projects,	
  the	
  future	
  price	
  of	
  metals,	
  the	
  es8ma8on	
  of	
  mineral	
  resources,	
  the	
  realiza8on	
  of	
  mineral	
  resource	
  es8mates,	
  the	
  8ming	
  and	
  amount	
  of	
  es8mated	
  future	
  produc8on,	
  costs	
  of	
  produc8on,	
  capital,	
  
opera8ng	
  and	
  explora8on	
  expenditures,	
  costs	
  and	
  8ming	
  of	
  the	
  development	
  of	
  new	
  deposits,	
  costs	
  and	
  8ming	
  of	
  future	
  explora8on,	
  requirements	
  for	
  addi8onal	
  capital,	
  government	
  regula8on	
  of	
  mining	
  
opera8ons,	
  environmental	
  risks,	
  reclama8on	
  expenses,	
  8tle	
  disputes	
  or	
  claims	
  and	
  limita8ons	
  of	
  insurance	
  coverage].	
  O`en,	
  but	
  not	
  always,	
  forward	
  looking	
  statements	
  can	
  be	
  iden8fied	
  by	
  the	
  use	
  of	
  words	
  
and	
  phrases	
  such	
  as	
  “plans,”	
  “expects,”	
  “is	
  expected,”	
  “budget,”	
  “scheduled,”	
  “es8mates,”	
  “forecasts,”	
  “intends,”	
  “an8cipates,”	
  or	
  “believes”	
  or	
  varia8ons	
  (including	
  nega8ve	
  varia8ons)	
  of	
  such	
  words	
  and	
  
phrases,	
  or	
  state	
  that	
  certain	
  ac8ons,	
  events	
  or	
  results	
  “may,”	
  “could,”	
  “would,”	
  “might”	
  or	
  “will”	
  be	
  taken,	
  occur	
  or	
  be	
  achieved.	
  
Forward-­‐looking	
  statements	
  are	
  based	
  on	
  the	
  opinions	
  and	
  es8mates	
  of	
  management	
  as	
  of	
  the	
  date	
  such	
  statements	
  are	
  made	
  and	
  are	
  based	
  on	
  various	
  assump8ons,	
  such	
  as	
  the	
  con8nued	
  poli8cal	
  stability	
  in	
  
Northern	
  Ireland	
  and	
  Norway,	
  that	
  permits	
  required	
  for	
  the	
  Company’s	
  opera8ons	
  will	
  be	
  obtained	
  in	
  a	
  8mely	
  basis	
  in	
  order	
  to	
  permit	
  the	
  Company	
  to	
  proceed	
  on	
  schedule	
  with	
  its	
  planned	
  explora8on	
  and	
  
development	
  programs,	
  that	
  skilled	
  personnel	
  and	
  contractors	
  will	
  be	
  available	
  as	
  the	
  Company’s	
  opera8ons	
  con8nue	
  to	
  grow,	
  that	
  the	
  price	
  of	
  gold	
  will	
  be	
  at	
  levels	
  that	
  render	
  the	
  Company’s	
  mineral	
  
projects	
  economic,	
  that	
  the	
  Company	
  will	
  be	
  able	
  to	
  con8nue	
  raising	
  the	
  necessary	
  capital	
  to	
  finance	
  its	
  opera8ons	
  and	
  realize	
  on	
  mineral	
  resource	
  es8mates,	
  and	
  that	
  the	
  assump8ons	
  contained	
  in	
  the	
  
Company’s	
  technical	
  report	
  en8tled	
  “A	
  Preliminary	
  Economic	
  Assessment	
  of	
  the	
  Curraghinalt	
  Gold	
  Deposit,	
  Tyrone	
  Project,	
  Northern	
  Ireland”,	
  dated	
  September	
  6,	
  2012	
  (the	
  “PEA”)	
  are	
  accurate	
  and	
  complete.	
  	
  
Forward	
  looking	
  statements	
  involve	
  known	
  and	
  unknown	
  risks,	
  uncertain8es	
  and	
  other	
  factors	
  which	
  may	
  cause	
  the	
  actual	
  results,	
  performance	
  or	
  achievements	
  of	
  the	
  Company	
  to	
  be	
  materially	
  different	
  
from	
  any	
  future	
  results,	
  performance	
  or	
  achievements	
  expressed	
  or	
  implied	
  by	
  the	
  forward	
  looking	
  statements.	
  Such	
  factors	
  include,	
  among	
  others,	
  general	
  business,	
  economic,	
  compe88ve,	
  poli8cal	
  and	
  
social	
  uncertain8es;	
  the	
  actual	
  results	
  of	
  current	
  and	
  future	
  explora8on	
  ac8vi8es;	
  the	
  actual	
  results	
  of	
  reclama8on	
  ac8vi8es;	
  conclusions	
  of	
  economic	
  evalua8ons;	
  changes	
  in	
  project	
  parameters	
  and/or	
  
economic	
  assessments	
  as	
  plans	
  con8nue	
  to	
  be	
  refined;	
  future	
  prices	
  of	
  metals;	
  possible	
  varia8ons	
  of	
  mineral	
  grade	
  or	
  recovery	
  rates;	
  the	
  risk	
  that	
  actual	
  costs	
  may	
  exceed	
  es8mated	
  costs;	
  failure	
  of	
  plant,	
  
equipment	
  or	
  processes	
  to	
  operate	
  as	
  an8cipated;	
  accidents,	
  labour	
  disputes	
  and	
  other	
  risks	
  of	
  the	
  mining	
  industry;	
  poli8cal	
  instability;	
  delays	
  in	
  obtaining	
  governmental	
  approvals	
  or	
  financing	
  or	
  in	
  the	
  
comple8on	
  of	
  development	
  or	
  construc8on	
  ac8vi8es,	
  as	
  well	
  as	
  those	
  factors	
  discussed	
  in	
  the	
  sec8on	
  en8tled	
  “Risk	
  Factors”	
  in	
  the	
  Company’s	
  Annual	
  Informa8on	
  Form.	
  	
  
Although	
  the	
  Company	
  has	
  ahempted	
  to	
  iden8fy	
  important	
  factors	
  that	
  could	
  cause	
  actual	
  ac8ons,	
  events	
  or	
  results	
  to	
  differ	
  materially	
  from	
  those	
  described	
  in	
  forward	
  looking	
  statements,	
  there	
  may	
  be	
  
other	
  factors	
  that	
  cause	
  ac8ons,	
  events	
  or	
  results	
  to	
  differ	
  from	
  those	
  an8cipated,	
  es8mated	
  or	
  intended.	
  Forward	
  looking	
  statements	
  contained	
  herein	
  are	
  made	
  as	
  of	
  the	
  date	
  of	
  this	
  presenta8on	
  and	
  the	
  
Company	
  disclaims	
  any	
  obliga8on	
  to	
  update	
  any	
  forward	
  looking	
  statements,	
  whether	
  as	
  a	
  result	
  of	
  new	
  informa8on,	
  future	
  events	
  or	
  results,	
  except	
  as	
  may	
  be	
  required	
  by	
  applicable	
  securi8es	
  laws.	
  There	
  
can	
  be	
  no	
  assurance	
  that	
  forward	
  looking	
  statements	
  will	
  prove	
  to	
  be	
  accurate,	
  as	
  actual	
  results	
  and	
  future	
  events	
  could	
  differ	
  materially	
  from	
  those	
  an8cipated	
  in	
  such	
  statements.	
   	
  Accordingly,	
  readers	
  
should	
  not	
  place	
  undue	
  reliance	
  on	
  forward	
  looking	
  statements.	
  	
  
For	
  addi8onal	
  informa8on	
  on	
  the	
  Curraghinalt	
  project,	
  please	
  see	
  the	
  PEA,	
  prepared	
  by	
  B.	
  Terrence	
  Hennessey,	
  P.Geo.,	
  Barnard	
  Foo,	
  P.	
  Eng.,	
  Bogdan	
  Damjanović,	
  P.	
  Eng.,	
  André	
  Villeneuve,	
  P.	
  Eng.,	
  and	
  
Christopher	
  Jacobs,	
  CEng	
  MIMMM,	
  of	
  Micon	
  Interna8onal	
  Limited,	
  which	
  is	
  available	
  on	
  SEDAR	
  at	
  www.sedar.com	
  and	
  on	
  the	
  Company’s	
  website	
  at	
  www.dalradian.com.	
  
Michele	
  L.	
  Cote,	
  MSc.,	
  P.	
  Geo.,	
  Vice	
  President	
  Explora8on	
  of	
  the	
  Company,	
  is	
  the	
  Qualified	
  Person	
  (for	
  the	
  purposes	
  of	
  Na8onal	
  Instrument	
  43-­‐101)	
  who	
  reviewed	
  and	
  approved	
  the	
  technical	
  informa8on	
  
contained	
  in	
  this	
  presenta8on.	
  
	
  
	
  
Capital	
  Structure	
  
STOCK	
  PRICE	
  
All	
  dollars	
  quoted	
  in	
  $	
  CAD	
  
TSX,	
  OTCQX:	
   DNA,	
  DRLDF	
  
Shares	
  outstanding:	
  
Fully	
  diluted	
  :	
  
(May	
  7,	
  2013)	
  
89.5	
  million	
  
97.0	
  million	
  
Market	
  cap:	
  
(June	
  7,	
  2013)	
   $67.2	
  million	
  
Average	
  volume:	
  
(30	
  day)	
   191,831	
  
52	
  Week	
  Range:	
   $1.90	
  -­‐	
  $0.58	
  
Insider	
  ownership:	
  
(approximate)	
  
6%	
  
Cash	
  balance:	
  
(as	
  at	
  March	
  31,	
  2013)	
   $16.5	
  million	
  
Analyst	
  coverage:	
  
Jamie	
  Sprah	
   	
  Steve	
  Parsons	
  
	
  
Craig	
  Stanley	
  	
  	
   	
  Laurie	
  Cur8s	
  
	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  John	
  Hayes	
  	
  	
  
3	
  
$1,400.00	
  
$1,500.00	
  
$1,600.00	
  
$1,700.00	
  
$1,800.00	
  
$1,900.00	
  
$2,000.00	
  
$0.00	
  
$0.50	
  
$1.00	
  
$1.50	
  
$2.00	
  
$0.75
June 7, 2013
DNA	
  
Gold	
  Price	
  
The	
  Board:	
  A	
  Track	
  Record	
  of	
  Discovery	
  and	
  Development	
  
4
PATRICK	
  F.	
  N.	
  ANDERSON	
  
CHIEF	
  EXECUTIVE	
  OFFICER	
  
Former	
  CEO	
  of	
  Aurelian	
  Resources	
  	
  
COLIN	
  K.	
  BENNER	
  
CHAIRMAN	
  OF	
  DELTA	
  MINERALS	
  AND	
  AURICO	
  GOLD	
  
Also	
  Director	
  of	
  Mercator	
  Minerals,	
  Lundin	
  Mining,	
  	
  
JOSEPH	
  F.	
  CONWAY	
  
CEO	
  OF	
  PRIMERO	
  MINING	
  CORP.	
  
Former	
  CEO	
  of	
  IAMGOLD	
  
RONALD	
  P.	
  GAGEL	
  
Former	
  SVP	
  and	
  CFO	
  of	
  FNX	
  Mining	
  
THOMAS	
  J.	
  OBRADOVICH	
  
CHAIRMAN	
  	
  
Chairman	
  of	
  Lago	
  Dourado	
  Minerals	
  
Former	
  CEO	
  of	
  Young-­‐Davidson	
  Mines	
  
Former	
  Director	
  of	
  Aurelian	
  Resources	
  
SEAN	
  E.	
  O.	
  ROOSEN	
  
CEO	
  OF	
  OSISKO	
  MINING	
  CORPORATION	
  
Also	
  Director	
  of	
  Astur	
  Gold	
  
CEO	
  OF	
  CONTINENTAL	
  GOLD	
  LIMITED	
  
ARI	
  B.	
  SUSSMAN	
  
KEITH	
  D.	
  MCKAY	
  
CHIEF	
  FINANCIAL	
  OFFICER	
  
Former	
  CFO	
  of	
  Aurelian	
  Resources	
  	
  
NORWAY	
  
High-­‐Grade	
  Targets	
  in	
  Low	
  Risk	
  JurisdicYons	
  
5
§  Gold	
  resource	
  covers	
  a	
  frac8on	
  of	
  known	
  
mineraliza8on	
  
§  High-­‐grade	
  2.7M	
  ounce	
  gold	
  resource	
  
(all	
  categories)1	
  
−  Measured:	
  0.02	
  MT	
  grading	
  21.51	
  g/t	
  Au	
  
for	
  10,000	
  contained	
  ounces	
  
−  Indicated:	
  	
  1.11	
  MT	
  grading	
  12.84	
  g/t	
  Au	
  
for	
  460,000	
  contained	
  ounces	
  
−  Inferred:	
  	
  5.45	
  MT	
  grading	
  12.74	
  g/t	
  Au	
  for	
  
2.23	
  million	
  contained	
  ounces	
  
§  Posi8ve	
  PEA	
  shows	
  us	
  a	
  high	
  margin	
  and	
  
low	
  capex	
  producer	
  
§  1.3	
  M	
  hectares	
  of	
  explora8on	
  permits	
  
§  En8re	
  greenstone	
  belts	
  
§  Over	
  15	
  precious	
  metals	
  targets	
  iden8fied	
  in	
  
2012	
  season	
  
NORTHERN	
  IRELAND	
  
Northern	
  
Ireland	
  
Norway	
  
1	
  Refer	
  to	
  press	
  release	
  dated	
  Nov.	
  30,	
  2011	
  en8tled	
  “Dalradian	
  Announces	
  Resource	
  Increase	
  at	
  Curraghinalt”	
  at	
  www.dalradian.com	
  
Northern	
  Ireland	
  	
  
§  Our	
  flagship	
  asset:	
  Curraghinalt	
  high-­‐grade	
  lode	
  
gold	
  deposit	
  
§  Excellent	
  regional	
  infrastructure	
  
§  Over	
  84,000	
  hectares	
  under	
  license	
  
§  Recent	
  surge	
  in	
  gold	
  sector	
  
6	
  
Gor8n	
  
Omagh	
  
Curraghinalt	
  
BELFAST	
  
NORTHERN	
  
IRELAND	
  
Galantas	
  
Gold	
  
Conroy	
  
Diamonds	
  
&	
  Gold	
  
Lonmin	
  
Irish	
  Salt	
  
Mining	
  
ClonYbret	
  
Croagh	
  Patrick	
  
Parys	
  Mountain	
  
Gwynfynydd	
  
Galmoy	
   Avoca	
  
Pallas	
  Green	
  
Silvermines	
  
South	
  CroZy	
  
	
  
Gold	
  
Base	
  Metals	
  
Salt	
  Mine	
  
Allihies	
  Copper	
  
Mines	
  
Galantas	
  Gold	
  
Permihed	
  in	
  2007	
  
Scotgold	
  
Permihed	
  in	
  2012	
  
Vedanta	
  Resources	
  
In	
  produc8on	
  
Boliden	
  
In	
  produc8on	
  
IMC	
  ExploraYon	
  
354	
  g/t	
  gold	
  over	
  1.5m	
  
Underground	
  
Salt	
  Mine	
  
Lundin	
  
In	
  produc8on	
  
Conroy	
  
+1M	
  ounce	
  resource	
  
Lisheen	
  
Cononish	
  
Tara	
  
Cavanacaw	
  
Xstrata	
  
Feasibility	
  
Gold	
  Mines	
  of	
  Wales	
  
U/G	
  grab	
  sample	
  -­‐	
  263	
  g/t	
  gold	
  	
  
Clogau	
  
Since	
  IncepYon…	
  
2009	
  
•  Project	
  Acquisi8on	
  -­‐	
  December	
  
•  600	
  k	
  ounce	
  gold	
  resource1	
  
2010	
  
•  Increased	
  to	
  1.5	
  M	
  ounce	
  gold	
  resource1	
  
•  IPO	
  -­‐	
  August	
  
2011	
  
•  7	
  rigs	
  onsite	
  
•  Increased	
  to	
  2.7	
  M	
  ounce	
  gold	
  resource1	
  
2012	
  
•  Robust	
  PEA	
  announced	
  	
  
•  New	
  discovery	
  -­‐	
  Alwories	
  
2013	
  
•  Underground	
  explora8on	
  development	
  
permit	
  submihed	
  and	
  expected	
  by	
  Q4	
  
1	
  Refer	
  to	
  appendix	
  or	
  press	
  release	
  dated	
  Nov.	
  30,	
  2011	
  en8tled	
  “Dalradian	
  Announces	
  Resource	
  
Increase	
  at	
  Curraghinalt”	
  at	
  www.dalradian.com	
  
And	
  there’s	
  more…	
  
8
0 200	
   400	
  
METRES	
  
A	
  Growing	
  Resource:	
  600,000	
  ounces	
  to	
  2.7	
  million	
  ounces	
  
9
2010	
  Resource	
  
2011	
  Resource	
  
2012	
  Interpreta8ve	
  vein	
  extents	
  
Drilling	
  post	
  2011	
  Resource	
  
2007	
  Resource	
  
Preliminary	
  Economic	
  Assessment	
  
10
10
KEY	
  PEA	
  DATA*	
  
3	
  YEAR	
  TRAILING	
  
AVERAGE	
  GOLD	
  PRICE:	
  
5	
  YEAR	
  TRAILING	
  
AVERAGE	
  GOLD	
  PRICE:	
  
NPV	
  with	
  8%	
  discount	
  rate	
  (A`er-­‐tax)	
   $467	
  million	
   $331	
  million	
  
IRR	
  (A`er-­‐tax)	
   41.9%	
   33.4%	
  
Average	
  Annual	
  Produc8on	
   145,000	
  ounces/year	
  
Processing	
  Rate	
   1,700	
  tonnes/day	
  
Life	
  of	
  Mine	
   15	
  years	
  
Ini8al	
  Capex	
  ($38M	
  con8ngency)	
   $192	
  million	
  
Cash	
  Costs	
   $532/ounce	
  or	
  $125/tonne	
  
Diluted	
  Grade	
   8.1	
  g/t	
  Au	
  
Gold	
  Recovery	
   92%	
  
Payback	
   2	
  years	
  
All	
  dollars	
  quoted	
  in	
  $	
  USD	
  unless	
  stated	
  otherwise	
  
PEA	
  results	
  released	
  on	
  July	
  25,	
  2012.	
  	
  The	
  PEA	
  is	
  preliminary	
  in	
  nature.	
  	
  It	
  includes	
  inferred	
  mineral	
  resources	
  that	
  are	
  considered	
  
too	
  specula8ve	
  geologically	
  to	
  have	
  the	
  economic	
  considera8ons	
  applied	
  to	
  them	
  that	
  would	
  enable	
  them	
  to	
  be	
  categorized	
  as	
  
mineral	
  reserves.	
  	
  There	
  is	
  no	
  certainty	
  that	
  the	
  results	
  of	
  the	
  PEA	
  will	
  be	
  realized.	
  
*	
  Prepared	
  by	
  Micon	
  Interna8onal	
  Limited	
  
DG3	
  
GorYn	
  
Permicng	
  is	
  Possible	
  
11	
  
Curraghinalt	
  
Alwories	
  Quarry	
  
kilometres
0 1 2
Curraghinalt	
  
Clear	
  Cut	
  Logging	
  at	
  Gor8n	
  Glen	
  Forest	
  Park	
  
125	
  Metres
Cavanacaw	
  Open	
  Pit	
  Approx	
  30	
  km	
  SW	
  
Greencastle	
  Quarry	
  
Curraghinalt	
  Deposit	
  
12
12
N	
  
Road	
  
Sheep	
  Dip	
  
Mullan	
  
T17	
  
No1	
  
106-­‐16	
  
Bend	
  
Crow	
  
ABB-­‐D	
  
ABB-­‐G	
  
T17	
  	
  	
  4.1m:	
  42.7	
  g/t	
  @	
  depth	
  42.9m	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  2.5m:	
  20.5g/t	
  @	
  depth	
  226.9m	
  
No	
  1	
  	
  	
  2.0m:	
  48.7	
  g/t	
  @	
  depth	
  77.0m	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  1.6m:	
  56.3	
  g/t	
  @	
  depth	
  416.2m	
  
106-­‐16	
  	
  	
  2.0m:	
  24.0	
  g/t	
  @	
  depth	
  41.5m	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  3.3m:	
  16.9	
  g/t	
  @	
  depth	
  615.7m	
  
Crows	
  Foot	
  Shear	
  
Kiln	
  Shear	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Veins	
  in	
  Current	
  Resource	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Newly	
  intersected	
  Veins	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Interpreted	
  Veins	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Along	
  Trend	
  Anomalous	
  Veins	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  2012	
  Drill	
  Hole	
  
Adit	
  
Curraghinalt	
  Adit	
  
13
Underground	
  ExploraYon	
  Development	
  
14	
  
Underground	
  Development	
  	
  
143m	
  STRIKE	
  AVERAGE	
  1.63m	
  AT	
  26.23	
  g/t	
  Au	
  
Reserve	
  Block	
  Based	
  on	
  Surface	
  Drilling	
  	
  
143m	
  STRIKE	
  AVERAGE	
  2.03m	
  AT	
  26.12	
  g/t	
  Au	
  
Underground	
  Development	
  
53m	
  STRIKE	
  AVERAGE	
  1.52m	
  AT	
  8.9	
  g/t	
  Au	
  
Surface	
  Drilling	
  Indicated	
  
AN	
  AVERAGE	
  GRADE	
  1.5m	
  AT	
  	
  8.6	
  g/t	
  Au	
  
Adit	
  (170m	
  Level)	
  Detail	
  
Adit	
  (170m	
  Level)	
  
8.95	
  m	
  AT	
  4.55	
  g/t	
  Au	
  
15
Underground	
  ExploraYon	
  Development	
  
Dalradian	
  is	
  reques8ng	
  planning	
  
permission	
  to	
  complete	
  approximately	
  
2,000	
  m	
  of	
  underground	
  explora8on	
  
development:	
  
	
  
§  Extend	
  the	
  exis8ng	
  adit	
  by	
  
approximately	
  260	
  m	
  to	
  intersect	
  all	
  
known	
  veins;	
  
§  Dri`	
  along	
  several	
  of	
  the	
  known	
  veins	
  
&	
  demonstrate	
  vein	
  con8nuity;	
  
§  Install	
  a	
  ramp	
  to	
  access	
  150	
  m	
  level,	
  
approximately	
  20	
  m	
  below	
  exis8ng	
  
workings;	
  
§  Removal	
  of	
  large	
  bulk	
  sample	
  for	
  
metallurgical	
  test	
  work.	
  
T17	
  
No.	
  1	
  
106-­‐16	
  
Bend	
  
Crow	
  
Road	
  
Sheep	
  Dip	
  
Mullan	
  
Proposed	
  Access	
  Ramp	
  
to	
  Sub-­‐Level	
  
Proposed	
  Tunnel	
  Extensions	
  
at	
  Sub-­‐Level	
  
Proposed	
  Tunnel	
  Extensions	
  
at	
  170	
  M	
  Level	
  
ExisYng	
  ExploraYon	
  
Tunnel	
  
16
Conceptual	
  Sublevel	
  Development
2,000	
  m	
  Planned	
  with	
  the	
  Goal	
  to:	
  
•  Demonstrate	
  con8nuity	
  of	
  thickness	
  and	
  grade	
  of	
  mineralized	
  veins.	
  
•  Convert	
  addi8onal	
  resources	
  to	
  Measured	
  and	
  Indicated.	
  
•  Test	
  mining	
  and	
  backfill	
  methods.	
  
•  Inves8gate	
  geotechnical	
  and	
  hydrogeological	
  condi8ons.	
  
•  Produce	
  a	
  bulk	
  sample	
  for	
  metallurgical	
  test	
  work.	
  
•  Test	
  the	
  permi{ng	
  process.	
  
Further	
  Upside	
  
§  0.76	
  m	
  of	
  33.6	
  g/t	
  gold	
  becomes	
  7.21	
  m	
  of	
  7.58	
  g/t	
  gold	
  
§  Assembled	
  80	
  km	
  of	
  historical	
  core	
  in	
  a	
  modern	
  facility	
  
§  Most	
  was	
  found	
  unsampled	
  
§  Iden8fied	
  a	
  mineralized	
  oblique	
  vein	
  set	
  
17
17
§  Poten8al	
  to	
  increase	
  ounces	
  &	
  
mining	
  widths	
  	
  
§  Posi8ve	
  poten8al	
  implica8ons	
  for	
  
dilu8on	
  
600	
  m	
  hole	
  yielded	
  over	
  1000	
  veinlets	
  
Broader	
  Mineralized	
  Zones	
  
18
CROSS-­‐SECTION	
  A	
  –	
  A’	
  
Adit	
  
CROSS-­‐SECTION	
  A	
  –	
  A’	
  
Not	
  a	
  Trend	
  but	
  a	
  District	
  
Curraghinalt	
  Deposit	
  
Resource	
  as	
  at	
  Nov	
  2011	
  –	
  
Measured:	
  0.01	
  Moz	
  Au	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  (0.02MT	
  @	
  21.51	
  g/t)	
  
Indicated:	
  0.46	
  Moz	
  Au	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  (1.11MT	
  @	
  12.84	
  g/t)	
  
Inferred:	
  2.23	
  Moz	
  Au	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  (5.45	
  MT	
  @	
  12.74	
  g/t)	
  
Alwories	
  
1.88	
  m	
  @	
  20.8	
  g/t	
  Au	
  in	
  
vein	
  in	
  quarry	
  
GLACIATED	
  TERRAIN	
  WITH	
  MINIMAL	
  OUTCROP	
  
8	
  km	
  
Golan	
  Burn	
  
Outcropping	
  veins	
  including	
  
60cm	
  @	
  61.43	
  g/t	
  Au	
  
1700m	
  
Alwories	
  Discovery	
  Holes	
  
4.72m	
  @	
  14.82	
  g/t	
  Au	
  
2.22m	
  @	
  14.10	
  g/t	
  Au	
  
1.47m	
  @	
  23.6	
  2g/t	
  Au	
  
Curraghinalt	
  
Deposit	
  
Curraghinalt	
  
Trend	
  
19
400	
  m	
  Step-­‐out	
  
3.2m	
  @	
  5.34	
  g/t	
  Au	
  
Aoagh	
  Burn	
  
2.47m	
  @	
  18.99	
  g/t	
  Au	
  
Scotch	
  Town	
  
Peak	
  of	
  10.52	
  g/t	
  Au	
  
In	
  mineralized	
  boulders	
  
	
  
“Fallagh”	
  New	
  Au	
  Prospect	
  
	
  	
  30.30	
  g/t	
  Au,	
  	
  	
  	
  
	
  	
  29.20	
  g/t	
  Au	
  &	
  
	
  	
  17.25	
  g/t	
  Au	
  	
  in	
  Float	
  
	
  
Curraghinalt	
  Trend
Veins	
  in	
  Current	
  Resource
Interpreted	
  Veins
Historical	
  Findings
Curraghinalt:	
  A	
  Growing	
  Resource	
  
20
2.47	
  m	
  @	
  5.19	
  g/t	
  
0.10	
  m	
  @	
  21.28	
  g/t	
  
0.44	
  m	
  @	
  11.68	
  g/t	
  
0.60	
  m	
  @	
  6.02	
  g/t	
  
0.43m	
  @	
  14.57	
  g/t	
  
0.65	
  m	
  @	
  15.04	
  g/t	
  
0.38	
  m	
  @	
  3.73	
  g/t	
  
2.22	
  m	
  @	
  14.1	
  g/t	
  
4.72	
  m	
  @	
  14.82	
  g/t	
  
1.47	
  m	
  @	
  23.6	
  g/t	
  
Curraghinalt
Alwories
Attagh Burn
2007	
  Resource	
  
2010	
  Resource	
  
2011	
  Resource	
  
2012	
  Interpreted	
  vein	
  extents	
  
Drilling	
  post	
  2011	
  Resource	
  
3.6 km
Golan	
  Burn	
  to	
  Curraghinalt	
  
21
2007	
  Resource	
  
2010	
  Resource	
  
2011	
  Resource	
  
2012	
  Interpreted	
  vein	
  extents	
  
6.5 km
Drilling	
  post	
  2011	
  Resource	
  
Part	
  of	
  the	
  Community	
  
22
PEA:	
  Conceptual	
  Mine	
  Layout	
  
23	
  
Main	
  Decline	
  
Ore	
  and	
  Waste	
  
Passes	
  
Ramp	
  ConnecYng	
  
Sublevels	
  
ExisYng	
  Adit	
  and	
  
DriZs	
  
VenYlaYon	
  Raise	
  
Cross	
  Cuts	
  
Not	
  to	
  Scale	
  
Norway:	
  
“Let	
  the	
  Treasure	
  Hunt	
  Begin”	
  
Industry	
  Minister,	
  Trond	
  Giske	
  at	
  Press	
  conference	
  announcing	
  new	
  direc8on	
  in	
  mineral	
  strategy	
  for	
  Norway	
  (Oct.	
  2010)	
  
24
Oslo	
  
Kongsberg
SOUTHERN	
  NORWAY	
  
NORWAY	
  
FINLAND	
  
SWEDEN	
  
RUSSIA	
  
Land	
  PosiYon	
  
Northern	
  Norway	
  
§  Four	
  concessions	
  over	
  three	
  greenstone	
  belts	
  
and	
  a	
  basement	
  window	
  
Southern	
  Norway	
  
§  Kongsberg	
  concession	
  hos8ng	
  an	
  historical	
  silver	
  mining	
  district	
  
Rombak
NORTHERN	
  NORWAY	
  
Greenstone	
  Belts	
  
Volcanic	
  Belts	
  
&	
  Metasediments	
  
Kautokeino
Ki{lä	
  
Saka{lampi	
  
Bidjovagge	
  
Pasvik
Karasjok
Pechenga	
  NORWAY	
  
FINLAND	
  
SWEDEN	
  
RUSSIA	
  
25
2012	
  ExploraYon	
  Norway	
  
§  Largest	
  of	
  3	
  greenstone	
  belts	
  
§  10	
  gold-­‐in-­‐+ll	
  anomalies	
  iden+fied	
  
§  2,476	
  8ll	
  samples	
  collected	
  
§  48	
  rock	
  samples	
  collected	
  
§  Completed	
  8ll	
  orienta8on	
  survey	
  around	
  
former	
  producing	
  gold	
  mine,	
  Bidjovagge	
  
26
Kautokeino	
  
Kongsberg	
  
§  Historic	
  silver	
  mining	
  district	
  with	
  produc8on	
  
of	
  40+	
  million	
  ounces	
  with	
  average	
  grades	
  of	
  
356	
  g/t	
  silver	
  
§  Five	
  silver	
  targets	
  iden+fied	
  	
  
§  462	
  stream	
  sediment	
  samples	
  completed	
  
§  156	
  rock	
  samples	
  completed,	
  including:	
  
–  278	
  g/t	
  of	
  silver	
  	
  
–  61	
  g/t	
  of	
  silver	
  with	
  21.60%	
  zinc	
  
–  109	
  g/t	
  of	
  silver	
  with	
  16.20%	
  zinc	
  
Sampling	
  Program	
  
Historical	
  Workings	
  in	
  the	
  Kongsberg	
  
These	
  poten8al	
  grades	
  are	
  conceptual	
  in	
  nature.	
  There	
  has	
  been	
  insufficient	
  explora8on	
  to	
  define	
  a	
  mineral	
  resource	
  and	
  it	
  is	
  uncertain	
  if	
  further	
  explora8on	
  will	
  result	
  in	
  the	
  target	
  being	
  delineated	
  as	
  
a	
  mineral	
  resource.	
  
Where	
  We	
  Are	
  –	
  Where	
  We’re	
  Headed	
  	
  
27
§  In	
  the	
  last	
  2	
  years…	
  
–  5-­‐fold	
  increase	
  in	
  ounces	
  
–  Recognized	
  poten8al	
  of	
  secondary	
  vein	
  set	
  
–  Robust	
  PEA	
  
–  Extended	
  Curraghinalt	
  gold	
  trend	
  4km	
  by	
  drilling	
  
§  Complete	
  re-­‐evalua8on	
  of	
  the	
  deposit	
  
§  Advance	
  permi{ng	
  process	
  
§  Execute	
  2	
  km	
  of	
  underground	
  explora8on	
  
development	
  
	
  
§  We	
  are	
  posi8oned	
  
§  Baseline	
  studies	
  underway	
  
NORTHERN	
  IRELAND	
  
NORWAY	
  
The European Explorer
Patrick F. N. Anderson
Chief Executive Officer
Investor Relations
Shae-Lynn Mathers
Director, Investor Relations
smathers@dalradian.com
416.583.5622
Trading Symbol:
DNA on TSX
DRLDF on OTCQX
Corporate Office:
Dalradian Resources Inc.
155 Wellington Street West
Suite 2920
Toronto, Ontario
Canada M5V 3H1
www.dalradian.com
28
43-­‐101	
  Resource	
  
29
§  High-­‐grade	
  1.5M	
  ounce	
  gold	
  resource	
  
(all	
  categories)1	
  
−  Indicated:	
  	
  0.95	
  MT	
  grading	
  13.24	
  g/t	
  Au	
  for	
  400,000	
  
contained	
  ounces	
  
−  Inferred:	
  	
  2.46	
  MT	
  grading	
  14.64	
  g/t	
  Au	
  for	
  1.16	
  million	
  
contained	
  ounces	
  
2010	
  RESOURCE	
  
Northern	
  
Ireland	
  
Norway	
  
1	
  Refer	
  to	
  press	
  release	
  dated	
  Nov.	
  30,	
  2011	
  en8tled	
  “Dalradian	
  Announces	
  Resource	
  Increase	
  at	
  Curraghinalt”	
  at	
  www.dalradian.com	
  
2011	
  RESOURCE	
  
§  High-­‐grade	
  2.7M	
  ounce	
  gold	
  resource	
  
(all	
  categories)1	
  
−  Measured:	
  0.02	
  MT	
  grading	
  21.51	
  g/t	
  Au	
  for	
  10,000	
  
contained	
  ounces	
  
−  Indicated:	
  	
  1.11	
  MT	
  grading	
  12.84	
  g/t	
  Au	
  for	
  460,000	
  
contained	
  ounces	
  
−  Inferred:	
  	
  5.45	
  MT	
  grading	
  12.74	
  g/t	
  Au	
  for	
  2.23	
  million	
  
contained	
  ounces	
  
2007	
  RESOURCE	
  
§  High-­‐grade	
  600	
  k	
  ounce	
  gold	
  resource	
  
(all	
  categories)1	
  
−  Indicated:	
  	
  0.57	
  MT	
  grading	
  13.95	
  g/t	
  Au	
  for	
  250,000	
  
contained	
  ounces	
  
−  Inferred:	
  	
  0.64	
  MT	
  grading	
  17.15	
  g/t	
  Au	
  for	
  350,000	
  
contained	
  ounces	
  

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Dalradian corporate presentation june 2013 email

  • 1. Patrick  F.  N.  Anderson    Chief  Execu8ve  Officer   High-­‐Grade  │  Low-­‐Risk    │    Explora8on  │  Development  │  Europe    │        June  2013   Sample  from  the  T17  vein  –  188  g/t  of  gold,  103  g/t  of  silver  and  5.07%  of  copper    
  • 2. Forward-­‐Looking  Statement  &  Qualified  Persons   2   This  presenta8on  contains  “forward  looking  informa8on”  which  may  include,  but  is  not  limited  to,  statements  with  respect  to  [future  financial  or  opera8ng  performance  of  the  Company  and  its  mineral   projects,  the  future  price  of  metals,  the  es8ma8on  of  mineral  resources,  the  realiza8on  of  mineral  resource  es8mates,  the  8ming  and  amount  of  es8mated  future  produc8on,  costs  of  produc8on,  capital,   opera8ng  and  explora8on  expenditures,  costs  and  8ming  of  the  development  of  new  deposits,  costs  and  8ming  of  future  explora8on,  requirements  for  addi8onal  capital,  government  regula8on  of  mining   opera8ons,  environmental  risks,  reclama8on  expenses,  8tle  disputes  or  claims  and  limita8ons  of  insurance  coverage].  O`en,  but  not  always,  forward  looking  statements  can  be  iden8fied  by  the  use  of  words   and  phrases  such  as  “plans,”  “expects,”  “is  expected,”  “budget,”  “scheduled,”  “es8mates,”  “forecasts,”  “intends,”  “an8cipates,”  or  “believes”  or  varia8ons  (including  nega8ve  varia8ons)  of  such  words  and   phrases,  or  state  that  certain  ac8ons,  events  or  results  “may,”  “could,”  “would,”  “might”  or  “will”  be  taken,  occur  or  be  achieved.   Forward-­‐looking  statements  are  based  on  the  opinions  and  es8mates  of  management  as  of  the  date  such  statements  are  made  and  are  based  on  various  assump8ons,  such  as  the  con8nued  poli8cal  stability  in   Northern  Ireland  and  Norway,  that  permits  required  for  the  Company’s  opera8ons  will  be  obtained  in  a  8mely  basis  in  order  to  permit  the  Company  to  proceed  on  schedule  with  its  planned  explora8on  and   development  programs,  that  skilled  personnel  and  contractors  will  be  available  as  the  Company’s  opera8ons  con8nue  to  grow,  that  the  price  of  gold  will  be  at  levels  that  render  the  Company’s  mineral   projects  economic,  that  the  Company  will  be  able  to  con8nue  raising  the  necessary  capital  to  finance  its  opera8ons  and  realize  on  mineral  resource  es8mates,  and  that  the  assump8ons  contained  in  the   Company’s  technical  report  en8tled  “A  Preliminary  Economic  Assessment  of  the  Curraghinalt  Gold  Deposit,  Tyrone  Project,  Northern  Ireland”,  dated  September  6,  2012  (the  “PEA”)  are  accurate  and  complete.     Forward  looking  statements  involve  known  and  unknown  risks,  uncertain8es  and  other  factors  which  may  cause  the  actual  results,  performance  or  achievements  of  the  Company  to  be  materially  different   from  any  future  results,  performance  or  achievements  expressed  or  implied  by  the  forward  looking  statements.  Such  factors  include,  among  others,  general  business,  economic,  compe88ve,  poli8cal  and   social  uncertain8es;  the  actual  results  of  current  and  future  explora8on  ac8vi8es;  the  actual  results  of  reclama8on  ac8vi8es;  conclusions  of  economic  evalua8ons;  changes  in  project  parameters  and/or   economic  assessments  as  plans  con8nue  to  be  refined;  future  prices  of  metals;  possible  varia8ons  of  mineral  grade  or  recovery  rates;  the  risk  that  actual  costs  may  exceed  es8mated  costs;  failure  of  plant,   equipment  or  processes  to  operate  as  an8cipated;  accidents,  labour  disputes  and  other  risks  of  the  mining  industry;  poli8cal  instability;  delays  in  obtaining  governmental  approvals  or  financing  or  in  the   comple8on  of  development  or  construc8on  ac8vi8es,  as  well  as  those  factors  discussed  in  the  sec8on  en8tled  “Risk  Factors”  in  the  Company’s  Annual  Informa8on  Form.     Although  the  Company  has  ahempted  to  iden8fy  important  factors  that  could  cause  actual  ac8ons,  events  or  results  to  differ  materially  from  those  described  in  forward  looking  statements,  there  may  be   other  factors  that  cause  ac8ons,  events  or  results  to  differ  from  those  an8cipated,  es8mated  or  intended.  Forward  looking  statements  contained  herein  are  made  as  of  the  date  of  this  presenta8on  and  the   Company  disclaims  any  obliga8on  to  update  any  forward  looking  statements,  whether  as  a  result  of  new  informa8on,  future  events  or  results,  except  as  may  be  required  by  applicable  securi8es  laws.  There   can  be  no  assurance  that  forward  looking  statements  will  prove  to  be  accurate,  as  actual  results  and  future  events  could  differ  materially  from  those  an8cipated  in  such  statements.    Accordingly,  readers   should  not  place  undue  reliance  on  forward  looking  statements.     For  addi8onal  informa8on  on  the  Curraghinalt  project,  please  see  the  PEA,  prepared  by  B.  Terrence  Hennessey,  P.Geo.,  Barnard  Foo,  P.  Eng.,  Bogdan  Damjanović,  P.  Eng.,  André  Villeneuve,  P.  Eng.,  and   Christopher  Jacobs,  CEng  MIMMM,  of  Micon  Interna8onal  Limited,  which  is  available  on  SEDAR  at  www.sedar.com  and  on  the  Company’s  website  at  www.dalradian.com.   Michele  L.  Cote,  MSc.,  P.  Geo.,  Vice  President  Explora8on  of  the  Company,  is  the  Qualified  Person  (for  the  purposes  of  Na8onal  Instrument  43-­‐101)  who  reviewed  and  approved  the  technical  informa8on   contained  in  this  presenta8on.      
  • 3. Capital  Structure   STOCK  PRICE   All  dollars  quoted  in  $  CAD   TSX,  OTCQX:   DNA,  DRLDF   Shares  outstanding:   Fully  diluted  :   (May  7,  2013)   89.5  million   97.0  million   Market  cap:   (June  7,  2013)   $67.2  million   Average  volume:   (30  day)   191,831   52  Week  Range:   $1.90  -­‐  $0.58   Insider  ownership:   (approximate)   6%   Cash  balance:   (as  at  March  31,  2013)   $16.5  million   Analyst  coverage:   Jamie  Sprah    Steve  Parsons     Craig  Stanley        Laurie  Cur8s                                        John  Hayes       3   $1,400.00   $1,500.00   $1,600.00   $1,700.00   $1,800.00   $1,900.00   $2,000.00   $0.00   $0.50   $1.00   $1.50   $2.00   $0.75 June 7, 2013 DNA   Gold  Price  
  • 4. The  Board:  A  Track  Record  of  Discovery  and  Development   4 PATRICK  F.  N.  ANDERSON   CHIEF  EXECUTIVE  OFFICER   Former  CEO  of  Aurelian  Resources     COLIN  K.  BENNER   CHAIRMAN  OF  DELTA  MINERALS  AND  AURICO  GOLD   Also  Director  of  Mercator  Minerals,  Lundin  Mining,     JOSEPH  F.  CONWAY   CEO  OF  PRIMERO  MINING  CORP.   Former  CEO  of  IAMGOLD   RONALD  P.  GAGEL   Former  SVP  and  CFO  of  FNX  Mining   THOMAS  J.  OBRADOVICH   CHAIRMAN     Chairman  of  Lago  Dourado  Minerals   Former  CEO  of  Young-­‐Davidson  Mines   Former  Director  of  Aurelian  Resources   SEAN  E.  O.  ROOSEN   CEO  OF  OSISKO  MINING  CORPORATION   Also  Director  of  Astur  Gold   CEO  OF  CONTINENTAL  GOLD  LIMITED   ARI  B.  SUSSMAN   KEITH  D.  MCKAY   CHIEF  FINANCIAL  OFFICER   Former  CFO  of  Aurelian  Resources    
  • 5. NORWAY   High-­‐Grade  Targets  in  Low  Risk  JurisdicYons   5 §  Gold  resource  covers  a  frac8on  of  known   mineraliza8on   §  High-­‐grade  2.7M  ounce  gold  resource   (all  categories)1   −  Measured:  0.02  MT  grading  21.51  g/t  Au   for  10,000  contained  ounces   −  Indicated:    1.11  MT  grading  12.84  g/t  Au   for  460,000  contained  ounces   −  Inferred:    5.45  MT  grading  12.74  g/t  Au  for   2.23  million  contained  ounces   §  Posi8ve  PEA  shows  us  a  high  margin  and   low  capex  producer   §  1.3  M  hectares  of  explora8on  permits   §  En8re  greenstone  belts   §  Over  15  precious  metals  targets  iden8fied  in   2012  season   NORTHERN  IRELAND   Northern   Ireland   Norway   1  Refer  to  press  release  dated  Nov.  30,  2011  en8tled  “Dalradian  Announces  Resource  Increase  at  Curraghinalt”  at  www.dalradian.com  
  • 6. Northern  Ireland     §  Our  flagship  asset:  Curraghinalt  high-­‐grade  lode   gold  deposit   §  Excellent  regional  infrastructure   §  Over  84,000  hectares  under  license   §  Recent  surge  in  gold  sector   6   Gor8n   Omagh   Curraghinalt   BELFAST   NORTHERN   IRELAND   Galantas   Gold   Conroy   Diamonds   &  Gold   Lonmin   Irish  Salt   Mining   ClonYbret   Croagh  Patrick   Parys  Mountain   Gwynfynydd   Galmoy   Avoca   Pallas  Green   Silvermines   South  CroZy     Gold   Base  Metals   Salt  Mine   Allihies  Copper   Mines   Galantas  Gold   Permihed  in  2007   Scotgold   Permihed  in  2012   Vedanta  Resources   In  produc8on   Boliden   In  produc8on   IMC  ExploraYon   354  g/t  gold  over  1.5m   Underground   Salt  Mine   Lundin   In  produc8on   Conroy   +1M  ounce  resource   Lisheen   Cononish   Tara   Cavanacaw   Xstrata   Feasibility   Gold  Mines  of  Wales   U/G  grab  sample  -­‐  263  g/t  gold     Clogau  
  • 7. Since  IncepYon…   2009   •  Project  Acquisi8on  -­‐  December   •  600  k  ounce  gold  resource1   2010   •  Increased  to  1.5  M  ounce  gold  resource1   •  IPO  -­‐  August   2011   •  7  rigs  onsite   •  Increased  to  2.7  M  ounce  gold  resource1   2012   •  Robust  PEA  announced     •  New  discovery  -­‐  Alwories   2013   •  Underground  explora8on  development   permit  submihed  and  expected  by  Q4   1  Refer  to  appendix  or  press  release  dated  Nov.  30,  2011  en8tled  “Dalradian  Announces  Resource   Increase  at  Curraghinalt”  at  www.dalradian.com  
  • 9. 0 200   400   METRES   A  Growing  Resource:  600,000  ounces  to  2.7  million  ounces   9 2010  Resource   2011  Resource   2012  Interpreta8ve  vein  extents   Drilling  post  2011  Resource   2007  Resource  
  • 10. Preliminary  Economic  Assessment   10 10 KEY  PEA  DATA*   3  YEAR  TRAILING   AVERAGE  GOLD  PRICE:   5  YEAR  TRAILING   AVERAGE  GOLD  PRICE:   NPV  with  8%  discount  rate  (A`er-­‐tax)   $467  million   $331  million   IRR  (A`er-­‐tax)   41.9%   33.4%   Average  Annual  Produc8on   145,000  ounces/year   Processing  Rate   1,700  tonnes/day   Life  of  Mine   15  years   Ini8al  Capex  ($38M  con8ngency)   $192  million   Cash  Costs   $532/ounce  or  $125/tonne   Diluted  Grade   8.1  g/t  Au   Gold  Recovery   92%   Payback   2  years   All  dollars  quoted  in  $  USD  unless  stated  otherwise   PEA  results  released  on  July  25,  2012.    The  PEA  is  preliminary  in  nature.    It  includes  inferred  mineral  resources  that  are  considered   too  specula8ve  geologically  to  have  the  economic  considera8ons  applied  to  them  that  would  enable  them  to  be  categorized  as   mineral  reserves.    There  is  no  certainty  that  the  results  of  the  PEA  will  be  realized.   *  Prepared  by  Micon  Interna8onal  Limited  
  • 11. DG3   GorYn   Permicng  is  Possible   11   Curraghinalt   Alwories  Quarry   kilometres 0 1 2 Curraghinalt   Clear  Cut  Logging  at  Gor8n  Glen  Forest  Park   125  Metres Cavanacaw  Open  Pit  Approx  30  km  SW   Greencastle  Quarry  
  • 12. Curraghinalt  Deposit   12 12 N   Road   Sheep  Dip   Mullan   T17   No1   106-­‐16   Bend   Crow   ABB-­‐D   ABB-­‐G   T17      4.1m:  42.7  g/t  @  depth  42.9m                      2.5m:  20.5g/t  @  depth  226.9m   No  1      2.0m:  48.7  g/t  @  depth  77.0m                          1.6m:  56.3  g/t  @  depth  416.2m   106-­‐16      2.0m:  24.0  g/t  @  depth  41.5m                                  3.3m:  16.9  g/t  @  depth  615.7m   Crows  Foot  Shear   Kiln  Shear                                Veins  in  Current  Resource                                Newly  intersected  Veins                                Interpreted  Veins                                Along  Trend  Anomalous  Veins                                2012  Drill  Hole   Adit  
  • 14. Underground  ExploraYon  Development   14   Underground  Development     143m  STRIKE  AVERAGE  1.63m  AT  26.23  g/t  Au   Reserve  Block  Based  on  Surface  Drilling     143m  STRIKE  AVERAGE  2.03m  AT  26.12  g/t  Au   Underground  Development   53m  STRIKE  AVERAGE  1.52m  AT  8.9  g/t  Au   Surface  Drilling  Indicated   AN  AVERAGE  GRADE  1.5m  AT    8.6  g/t  Au   Adit  (170m  Level)  Detail   Adit  (170m  Level)   8.95  m  AT  4.55  g/t  Au  
  • 15. 15 Underground  ExploraYon  Development   Dalradian  is  reques8ng  planning   permission  to  complete  approximately   2,000  m  of  underground  explora8on   development:     §  Extend  the  exis8ng  adit  by   approximately  260  m  to  intersect  all   known  veins;   §  Dri`  along  several  of  the  known  veins   &  demonstrate  vein  con8nuity;   §  Install  a  ramp  to  access  150  m  level,   approximately  20  m  below  exis8ng   workings;   §  Removal  of  large  bulk  sample  for   metallurgical  test  work.   T17   No.  1   106-­‐16   Bend   Crow   Road   Sheep  Dip   Mullan   Proposed  Access  Ramp   to  Sub-­‐Level   Proposed  Tunnel  Extensions   at  Sub-­‐Level   Proposed  Tunnel  Extensions   at  170  M  Level   ExisYng  ExploraYon   Tunnel  
  • 16. 16 Conceptual  Sublevel  Development 2,000  m  Planned  with  the  Goal  to:   •  Demonstrate  con8nuity  of  thickness  and  grade  of  mineralized  veins.   •  Convert  addi8onal  resources  to  Measured  and  Indicated.   •  Test  mining  and  backfill  methods.   •  Inves8gate  geotechnical  and  hydrogeological  condi8ons.   •  Produce  a  bulk  sample  for  metallurgical  test  work.   •  Test  the  permi{ng  process.  
  • 17. Further  Upside   §  0.76  m  of  33.6  g/t  gold  becomes  7.21  m  of  7.58  g/t  gold   §  Assembled  80  km  of  historical  core  in  a  modern  facility   §  Most  was  found  unsampled   §  Iden8fied  a  mineralized  oblique  vein  set   17 17 §  Poten8al  to  increase  ounces  &   mining  widths     §  Posi8ve  poten8al  implica8ons  for   dilu8on   600  m  hole  yielded  over  1000  veinlets  
  • 18. Broader  Mineralized  Zones   18 CROSS-­‐SECTION  A  –  A’   Adit   CROSS-­‐SECTION  A  –  A’  
  • 19. Not  a  Trend  but  a  District   Curraghinalt  Deposit   Resource  as  at  Nov  2011  –   Measured:  0.01  Moz  Au                                          (0.02MT  @  21.51  g/t)   Indicated:  0.46  Moz  Au                                          (1.11MT  @  12.84  g/t)   Inferred:  2.23  Moz  Au                                          (5.45  MT  @  12.74  g/t)   Alwories   1.88  m  @  20.8  g/t  Au  in   vein  in  quarry   GLACIATED  TERRAIN  WITH  MINIMAL  OUTCROP   8  km   Golan  Burn   Outcropping  veins  including   60cm  @  61.43  g/t  Au   1700m   Alwories  Discovery  Holes   4.72m  @  14.82  g/t  Au   2.22m  @  14.10  g/t  Au   1.47m  @  23.6  2g/t  Au   Curraghinalt   Deposit   Curraghinalt   Trend   19 400  m  Step-­‐out   3.2m  @  5.34  g/t  Au   Aoagh  Burn   2.47m  @  18.99  g/t  Au   Scotch  Town   Peak  of  10.52  g/t  Au   In  mineralized  boulders     “Fallagh”  New  Au  Prospect      30.30  g/t  Au,            29.20  g/t  Au  &      17.25  g/t  Au    in  Float     Curraghinalt  Trend Veins  in  Current  Resource Interpreted  Veins Historical  Findings
  • 20. Curraghinalt:  A  Growing  Resource   20 2.47  m  @  5.19  g/t   0.10  m  @  21.28  g/t   0.44  m  @  11.68  g/t   0.60  m  @  6.02  g/t   0.43m  @  14.57  g/t   0.65  m  @  15.04  g/t   0.38  m  @  3.73  g/t   2.22  m  @  14.1  g/t   4.72  m  @  14.82  g/t   1.47  m  @  23.6  g/t   Curraghinalt Alwories Attagh Burn 2007  Resource   2010  Resource   2011  Resource   2012  Interpreted  vein  extents   Drilling  post  2011  Resource   3.6 km
  • 21. Golan  Burn  to  Curraghinalt   21 2007  Resource   2010  Resource   2011  Resource   2012  Interpreted  vein  extents   6.5 km Drilling  post  2011  Resource  
  • 22. Part  of  the  Community   22
  • 23. PEA:  Conceptual  Mine  Layout   23   Main  Decline   Ore  and  Waste   Passes   Ramp  ConnecYng   Sublevels   ExisYng  Adit  and   DriZs   VenYlaYon  Raise   Cross  Cuts   Not  to  Scale  
  • 24. Norway:   “Let  the  Treasure  Hunt  Begin”   Industry  Minister,  Trond  Giske  at  Press  conference  announcing  new  direc8on  in  mineral  strategy  for  Norway  (Oct.  2010)   24
  • 25. Oslo   Kongsberg SOUTHERN  NORWAY   NORWAY   FINLAND   SWEDEN   RUSSIA   Land  PosiYon   Northern  Norway   §  Four  concessions  over  three  greenstone  belts   and  a  basement  window   Southern  Norway   §  Kongsberg  concession  hos8ng  an  historical  silver  mining  district   Rombak NORTHERN  NORWAY   Greenstone  Belts   Volcanic  Belts   &  Metasediments   Kautokeino Ki{lä   Saka{lampi   Bidjovagge   Pasvik Karasjok Pechenga  NORWAY   FINLAND   SWEDEN   RUSSIA   25
  • 26. 2012  ExploraYon  Norway   §  Largest  of  3  greenstone  belts   §  10  gold-­‐in-­‐+ll  anomalies  iden+fied   §  2,476  8ll  samples  collected   §  48  rock  samples  collected   §  Completed  8ll  orienta8on  survey  around   former  producing  gold  mine,  Bidjovagge   26 Kautokeino   Kongsberg   §  Historic  silver  mining  district  with  produc8on   of  40+  million  ounces  with  average  grades  of   356  g/t  silver   §  Five  silver  targets  iden+fied     §  462  stream  sediment  samples  completed   §  156  rock  samples  completed,  including:   –  278  g/t  of  silver     –  61  g/t  of  silver  with  21.60%  zinc   –  109  g/t  of  silver  with  16.20%  zinc   Sampling  Program   Historical  Workings  in  the  Kongsberg   These  poten8al  grades  are  conceptual  in  nature.  There  has  been  insufficient  explora8on  to  define  a  mineral  resource  and  it  is  uncertain  if  further  explora8on  will  result  in  the  target  being  delineated  as   a  mineral  resource.  
  • 27. Where  We  Are  –  Where  We’re  Headed     27 §  In  the  last  2  years…   –  5-­‐fold  increase  in  ounces   –  Recognized  poten8al  of  secondary  vein  set   –  Robust  PEA   –  Extended  Curraghinalt  gold  trend  4km  by  drilling   §  Complete  re-­‐evalua8on  of  the  deposit   §  Advance  permi{ng  process   §  Execute  2  km  of  underground  explora8on   development     §  We  are  posi8oned   §  Baseline  studies  underway   NORTHERN  IRELAND   NORWAY  
  • 28. The European Explorer Patrick F. N. Anderson Chief Executive Officer Investor Relations Shae-Lynn Mathers Director, Investor Relations smathers@dalradian.com 416.583.5622 Trading Symbol: DNA on TSX DRLDF on OTCQX Corporate Office: Dalradian Resources Inc. 155 Wellington Street West Suite 2920 Toronto, Ontario Canada M5V 3H1 www.dalradian.com 28
  • 29. 43-­‐101  Resource   29 §  High-­‐grade  1.5M  ounce  gold  resource   (all  categories)1   −  Indicated:    0.95  MT  grading  13.24  g/t  Au  for  400,000   contained  ounces   −  Inferred:    2.46  MT  grading  14.64  g/t  Au  for  1.16  million   contained  ounces   2010  RESOURCE   Northern   Ireland   Norway   1  Refer  to  press  release  dated  Nov.  30,  2011  en8tled  “Dalradian  Announces  Resource  Increase  at  Curraghinalt”  at  www.dalradian.com   2011  RESOURCE   §  High-­‐grade  2.7M  ounce  gold  resource   (all  categories)1   −  Measured:  0.02  MT  grading  21.51  g/t  Au  for  10,000   contained  ounces   −  Indicated:    1.11  MT  grading  12.84  g/t  Au  for  460,000   contained  ounces   −  Inferred:    5.45  MT  grading  12.74  g/t  Au  for  2.23  million   contained  ounces   2007  RESOURCE   §  High-­‐grade  600  k  ounce  gold  resource   (all  categories)1   −  Indicated:    0.57  MT  grading  13.95  g/t  Au  for  250,000   contained  ounces   −  Inferred:    0.64  MT  grading  17.15  g/t  Au  for  350,000   contained  ounces