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Patrick	
  F.	
  N.	
  Anderson	
  
Chief	
  Execu8ve	
  Officer	
  
Sample	
  from	
  the	
  T17	
  vein	
  
188	
  g/t	
  of	
  gold	
  	
  
103	
  g/t	
  of	
  silver	
  
5.07%	
  of	
  copper	
  
High-­‐Grade	
  Gold	
  │	
  Low-­‐Cost	
  │	
  Low-­‐Risk	
  	
  │	
  Development	
  │	
  Europe	
  │ 	
  September	
  2013	
  
Forward-­‐Looking	
  Informa;on	
  and	
  Qualified	
  Person	
  
This	
  presenta8on	
  contains	
  “forward‑looking	
  informa8on”	
  which	
  may	
  include,	
  but	
  is	
  not	
  limited	
  to,	
  statements	
  with	
  respect	
  to	
  the	
  comple8on	
  of	
  the	
  acquisi8on	
  (the	
  
“Acquisi8on”)	
  by	
  the	
  Company	
  from	
  a	
  group	
  of	
  private	
  vendors	
  of	
  approximately	
  1.3	
  million	
  hectares	
  of	
  mineral	
  rights	
  over	
  four	
  greenstone	
  belts	
  and	
  a	
  historic	
  silver	
  mining	
  
camp	
  in	
  Norway,	
  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	
  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;	
  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	
  acempted	
  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.	
  
Some	
  technical	
  data	
  in	
  this	
  presenta8on	
  was	
  taken	
  from	
  the	
  	
  technical	
  report	
  en8tled	
  “A	
  Preliminary	
  Economic	
  Assessment	
  of	
  the	
  Curraghinalt	
  Gold	
  Deposit,	
  Tyrone	
  Project,	
  
Northern	
  Ireland dated	
  September	
  6,	
  2012,	
  prepared	
  by	
  B.	
  Terrence	
  Hennessey,	
  P.Geo.,	
  Mr.	
  Barnard	
  Foo,	
  P.ENG.,	
  Mr.	
  Bogdan	
  Damjanovic,	
  P.ENG,	
  Mr.	
  Andre	
  Villeneuve,	
  
P.ENG.,	
  and	
  Mr.	
  Christopher	
  Jacobs,	
  CEng	
  MIMMM	
  of	
  Micon	
  Interna8onal	
  Limited	
  (the	
   PEA ).	
  
Michele	
  L.	
  Cote,	
  MSc.,	
  P.	
  Geo.,	
  VP	
  Explora8on,	
  Dalradian	
  Resources	
  Inc.,	
  is	
  the	
  Qualified	
  Person	
  who	
  supervised	
  the	
  prepara8on	
  of	
  the	
  explora8on	
  technical	
  data	
  in	
  this	
  
presenta8on.	
  
2
OVERVIEW	
  AND	
  
CORPORATE	
  
Capital	
  Structure	
  
STOCK	
  PRICE	
  
All	
  dollars	
  quoted	
  in	
  $	
  CAD	
  
TSX:	
   DNA	
  
Shares	
  outstanding:	
  
Fully	
  diluted:	
  
(August	
  30,	
  2013)	
  
89.5	
  million	
  
97.0	
  million	
  
Market	
  cap:	
  
(September	
  11,	
  2013)	
   $71.6	
  million	
  
Average	
  30	
  day	
  volume:	
  
(September	
  3,	
  2013)	
   138,326	
  
52	
  Week	
  Range:	
   $1.90	
  -­‐	
  $0.48	
  
Insider	
  ownership:	
  
(approximate)	
  
7%	
  
Cash	
  balance:	
  
(as	
  at	
  June	
  30,	
  2013)	
   $12.6	
  million	
  
Analyst	
  coverage:	
  
(targets	
  range	
  from	
  	
  
$1.90-­‐$1.30)	
  
	
  
	
  
Jamie	
  Sprac	
  	
   	
  	
  	
  	
  	
  	
  Steve	
  Parsons	
  
	
  
	
  Michael	
  Curran	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Laurie	
  Cur8s	
  
	
  
	
  
John	
  Hayes	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Bart	
  Jaworski	
  
4	
  
$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	
  
$0.80
September 11, 2013
DNA	
  
Gold	
  Price	
  
$	
  CAD	
  
The	
  Board:	
  A	
  Track	
  Record	
  of	
  Discovery,	
  Development	
  &	
  Produc;on	
  
5	
  
PATRICK	
  F.	
  N.	
  ANDERSON	
  
CHIEF	
  EXECUTIVE	
  OFFICER	
  
Founder	
  &	
  Former	
  CEO	
  of	
  Aurelian	
  Resources	
  
‘08	
  –	
  PDAC	
  Interna;onal	
  Mineral	
  Discovery	
  
‘08	
  –	
  Northern	
  Miner	
  Man	
  of	
  the	
  Year	
  	
  
JONATHAN	
  A.	
  RUBENSTEIN	
  
Director	
  of	
  Eldorado	
  Gold	
  Corpora;on	
  
Director	
  of	
  Detour	
  Gold	
  
Chairman	
  &	
  Director	
  of	
  MAG	
  Silver	
  Corp.	
  
Former	
  Director	
  of	
  Aurelian	
  Resources,	
  Suaon	
  
Resources,	
  Canico	
  Resource	
  Corp	
  &	
  
Cumberland	
  Resources	
  
RONALD	
  P.	
  GAGEL	
  
Former	
  SVP	
  and	
  CFO	
  of	
  FNX	
  Mining	
  
THOMAS	
  J.	
  OBRADOVICH	
  
CHAIRMAN	
  	
  
Founder	
  &	
  Former	
  CEO	
  of	
  Young-­‐Davidson	
  Mines	
  
Former	
  Director	
  of	
  Aurelian	
  Resources	
  
SEAN	
  E.	
  O.	
  ROOSEN	
  
Founder	
  &	
  CEO	
  OF	
  Osisko	
  Mining	
  Corpora;on	
  
Also	
  Director	
  of	
  Astur	
  Gold	
  
‘06	
  –	
  Prospector	
  of	
  the	
  Year	
  -­‐	
  Quebec	
  
‘08	
  –	
  Prospector	
  of	
  the	
  Year	
  -­‐	
  Canada	
  
‘09	
  –	
  Northern	
  Miner	
  Man	
  of	
  the	
  Year	
  	
  
	
  
Founder	
  &	
  CEO	
  OF	
  CONTINENTAL	
  GOLD	
  LIMITED	
  
ARI	
  B.	
  SUSSMAN	
  
GRENVILLE	
  THOMAS	
  
Founder	
  &	
  Chairman	
  of	
  Strongbow	
  Explora;on	
  Inc.	
  
Founder	
  &	
  Former	
  Chairman,	
  President	
  &	
  Director	
  of	
  
Aber	
  Resources	
  (Harry	
  Winston	
  Diamond	
  Corp.)	
  now	
  
Dominion	
  Diamond	
  
‘99	
  –	
  PDAC	
  Prospector	
  of	
  the	
  Year	
  	
  
‘01	
  –	
  Northern	
  Miner	
  Man	
  of	
  the	
  Year	
  
‘09	
  –	
  Canadian	
  Mining	
  Hall	
  of	
  Fame	
  
Development	
  of	
  a	
  High-­‐Grade	
  Deposit	
  	
  in	
  a	
  Low	
  Risk	
  Jurisdic;on	
  
6	
  
§  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	
  a	
  high	
  margin	
  and	
  
low	
  capex	
  producer	
  
NORTHERN	
  IRELAND	
  
1	
  Refer	
  to	
  press	
  release	
  dated	
  Nov.	
  30,	
  2011	
  en8tled	
  “Dalradian	
  Announces	
  Resource	
  Increase	
  at	
  
Curraghinalt”	
  at	
  www.dalradian.com	
  
NORTHERN	
  IRELAND	
  
Metal	
  Produc;on	
  in	
  Ireland	
  &	
  the	
  UK	
  
§  Our	
  flagship	
  asset:	
  Curraghinalt	
  high-­‐grade	
  lode	
  
gold	
  deposit	
  
§  Excellent	
  regional	
  infrastructure	
  
§  Over	
  84,000	
  hectares	
  under	
  license	
  
§  Recent	
  surge	
  in	
  gold	
  sector	
  
8	
  
Gor8n	
  
Omagh	
  
Curraghinalt	
  
BELFAST	
  
NORTHERN	
  
IRELAND	
  
Galantas	
  
Gold	
  
Conroy	
  
Diamonds	
  
&	
  Gold	
  
Lonmin	
  
Irish	
  Salt	
  
Mining	
  
Underground	
  
Salt	
  Mine	
  
Clon;bret	
  
Croagh	
  Patrick	
  
Parys	
  Mountain	
  
Gwynfynydd	
  
Galmoy	
   Avoca	
  
Pallas	
  Green	
  
Silvermines	
  
South	
  Crohy	
  
Curraghinalt	
  Gold	
  
Deposit	
  
Gold	
  
Base	
  Metals	
  
Salt	
  Mine	
  
Allihies	
  Copper	
  
Mines	
  
Galantas	
  Gold	
  
In	
  produc8on	
  
Scotgold	
  
Permiced	
  
Vedanta	
  Resources	
  
In	
  produc8on	
  
Boliden	
  
In	
  produc8on	
  
IMC	
  Explora;on	
  
354	
  g/t	
  gold	
  over	
  1.5m	
  
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	
  
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	
  
permits	
  
submiced	
  	
  
In	
  Three	
  Years	
  We	
  Have:	
  
1	
  Refer	
  to	
  appendix	
  or	
  press	
  release	
  dated	
  Nov.	
  30,	
  2011	
  en8tled	
  “Dalradian	
  Announces	
  Resource	
  
Increase	
  at	
  Curraghinalt”	
  at	
  www.dalradian.com	
   9	
  
DG3	
  
Gor;n	
  
County	
  Tyrone	
  is	
  Resource	
  Friendly	
  
10	
  
Curraghinalt	
  
Alwories	
  Quarry	
  
kilometres
0 1 2
Curraghinalt	
  
Clear	
  Cut	
  Logging	
  at	
  Gor8n	
  Glen	
  Forest	
  Park	
  
125	
  Metres
Greencastle	
  Quarry	
  
Cavanacaw	
  Open	
  Pit	
  Approx	
  30	
  km	
  SW	
  
Social	
  License	
  
11	
  Dalradian	
  supports	
  the	
  local	
  MS	
  Society	
  	
  
Awarded	
  in	
  
Top	
  30	
  Irish-­‐
North	
  
American	
  
Companies	
  
for	
  2012	
  &	
  
2013	
  
“Dalradian	
  makes	
  every	
  effort	
  to	
  maintain	
  good	
  community	
  rela8ons,	
  protect	
  the	
  environment	
  and	
  work	
  with	
  
all	
  local	
  people	
  providing	
  employment	
  and	
  training.”	
  
”The	
  company	
  communicates	
  with	
  local	
  land	
  owners	
  on	
  a	
  daily	
  basis	
  and	
  holds	
  public	
  mee8ngs	
  with	
  the	
  wider	
  
community	
  in	
  a	
  nearby	
  hall	
  regularly.”	
  
“The	
  employment	
  produced	
  from	
  this	
  venture	
  is	
  cri;cal	
  to	
  local	
  work	
  forces	
  at	
  this	
  
;me.	
  	
  I	
  urge	
  you	
  to	
  grant	
  approval.”	
  
“As	
  someone	
  who	
  has	
  worked	
  with	
  DGL	
  and	
  been	
  on	
  site,	
  I	
  have	
  experienced	
  and	
  been	
  fully	
  impressed	
  with	
  
their	
  environmental	
  mi8ga8on	
  measures	
  and	
  health	
  &	
  safety	
  procedures.”	
  
“It	
  makes	
  economic	
  sense	
  to	
  allow	
  DGL	
  to	
  determine	
  whether	
  a	
  future	
  mining	
  project	
  is	
  viable.	
  Not	
  giving	
  planning	
  
permission	
  would	
  be	
  to	
  send	
  out	
  a	
  clear	
  signal	
  that	
  Northern	
  Ireland	
  is	
  not	
  open	
  for	
  investment	
  from	
  outside	
  
companies.”	
  
“It	
  is	
  incomprehensible	
  that	
  our	
  local	
  youth	
  are	
  having	
  to	
  travel	
  12,000	
  miles	
  to	
  work	
  in	
  explora;on	
  
and	
  extrac;on	
  of	
  mineral	
  resources	
  when	
  we	
  have	
  poten;al	
  similar	
  opportuni;es	
  a	
  mile	
  away.	
  	
  
Every	
  effort	
  should	
  be	
  made	
  to	
  expedite	
  this	
  project	
  safely	
  and	
  effec;vely.”	
  
Epicdocs.planningni.gov.uk. 2011. Public Access. Available at: http://epicdocs.planningni.gov.uk/ShowCaseFile.aspx?appNumber=K/
2013/0072/F Accessed: 19 Aug 2013.	
  
CURRAGHINALT	
  
Intercept in hole 11-CT-99 projected up dip to 170m mSL
A	
  12km	
  Gold	
  Trend	
  
GLACIATED TERRAIN WITH MINIMAL OUTCROP
12 km
1700m
Curraghinalt
Deposit
Curraghinalt
Trend
13	
  
Curraghinalt Trend
Veins in Current Resource
Intersected Veins
Historical Findings
Geochem Anomaly
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)
Golan Burn
Outcropping veins including
60cm @ 61.43 g/t Au
Alwories Discovery Holes
4.72m @ 14.82 g/t Au
2.22m @ 14.10 g/t Au
1.47m @ 23.6 2g/t Au
400 m Step-out
3.2m @ 5.34 g/t Au
Attagh Burn
2.47m @ 18.99 g/t Au
A
A’
Curraghinalt:	
  A	
  Growing	
  Resource	
  
14	
  
2.22	
  m	
  @	
  14.1	
  g/t	
  Au	
  
1.47	
  m	
  @	
  23.6	
  g/t	
  Au	
  
Alwories
3.6 km
Curraghinalt
2007	
  Resource	
  
2010	
  Resource	
  
2011	
  Resource	
  
2012	
  Interpreted	
  vein	
  extents	
  
Drilling	
  post	
  2011	
  Resource	
  
4.72	
  m	
  @	
  14.82	
  g/t	
  Au	
  
0m	
  asl	
  
-­‐500m	
  asl	
  
-­‐1000m	
  asl	
  
257500E	
  
258000E	
  
258500E	
  
259000E	
  
259500E	
  
A A’
3.20	
  m	
  @	
  5.34	
  g/t	
  Au	
  
2.47	
  m	
  @	
  5.19	
  g/t	
  Au	
  
8.34	
  m	
  @	
  5.84	
  g/t	
  Au	
  
PRELIMINARY	
  ECONOMIC	
  
ASSESSMENT	
  
Preliminary	
  Economic	
  Assessment	
  
16
16
KEY	
  PEA	
  DATA*	
  
3	
  YEAR	
  TRAILING	
  
AVERAGE	
  GOLD	
  PRICE:	
  
$1378/ounce	
  
5	
  YEAR	
  TRAILING	
  
AVERAGE	
  GOLD	
  PRICE:	
  
$1,166/ounce	
  
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	
  
DEVELOPMENT	
  
Curraghinalt	
  Adit	
  
18
Working	
  off	
  exis8ng	
  
infrastructure,	
  we	
  
plan	
  to	
  begin	
  
advancing	
  on	
  the	
  
veins	
  	
  
Underground	
  Explora;on	
  Development	
  
Proposed	
  Access	
  Ramp	
  
to	
  Sub-­‐Level	
  
Proposed	
  Tunnel	
  Extensions	
  
at	
  Sub-­‐Level	
  
Proposed	
  Tunnel	
  Extensions	
  
at	
  170	
  M	
  Level	
  
Exis;ng	
  Explora;on	
  
Tunnel	
  
T17
No.	
  1
106-­‐16
Bend
Crow
Road
Sheep	
  Dip
Mullan
§ Dalradian	
  has	
  requested	
  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.	
  
19
20
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	
  permiwng	
  process.	
  
ROAD	
  
SHEEPDIP	
  
MULLAN	
  
T17	
  
No.	
  1	
  
106_16	
  
BEND	
  
CROW	
  
EXISTING	
  DEVELOPMENT	
  
PLANNED	
  	
  
DEVELOPMENT	
  
PLANNED	
  	
  
DEVELOPMENT	
  
PLANNED	
  	
  
STOPING	
  
20
Where	
  We’re	
  Headed	
  	
  
21
§  Deposit	
  re-­‐evalua8on	
   	
   	
   	
  Ongoing	
  
§  Drill	
  results	
  finalized 	
   	
   	
  Ongoing	
  
§  Historic	
  sampling	
  program	
  comple8on	
   	
  Ongoing	
  
§  Historic	
  sampling	
  interpreta8on	
  &	
  results	
   	
  Ongoing	
  
§  EIA	
  Requirement	
  Determina8on 	
   	
  Not	
  Required	
  
§  Underground	
  permit 	
   	
   	
  Ongoing	
  
§  Underground	
  Program	
  Planning 	
   	
  Ongoing 	
   	
  	
  
	
  
	
  
NORTHERN	
  IRELAND	
  
✓
Next	
  Stop	
  
Underground	
  Tour	
  of	
  Curraghinalt	
  Deposit	
  
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
Oslo	
  
Kongsberg
SOUTHERN	
  NORWAY	
  
NORWAY	
  
FINLAND	
  
SWEDEN	
  
RUSSIA	
  
Land	
  Posi;on	
  
Northern	
  Norway	
  
§  Four	
  concessions	
  over	
  three	
  greenstone	
  belts	
  and	
  a	
  
basement	
  window	
  
§  10	
  gold-­‐in-­‐+ll	
  anomalies	
  iden+fied	
  
Southern	
  Norway	
  
§  Kongsberg	
  concession	
  hos8ng	
  an	
  historic	
  silver	
  mining	
  district	
  
§  Five	
  silver	
  targets	
  iden+fied	
  	
  
Rombak
NORTHERN	
  NORWAY	
  
Greenstone	
  Belts	
  
Volcanic	
  Belts	
  
&	
  Metasediments	
  
Kautokeino
Kiwlä	
  
Sakawlampi	
  
Bidjovagge	
  
Pasvik
Karasjok
Pechenga	
  
NORWAY	
  
FINLAND	
  
SWEDEN	
  
RUSSIA	
  
24
43-­‐101	
  Resource	
  
25
§  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 sept 10 2013 final

  • 1. Patrick  F.  N.  Anderson   Chief  Execu8ve  Officer   Sample  from  the  T17  vein   188  g/t  of  gold     103  g/t  of  silver   5.07%  of  copper   High-­‐Grade  Gold  │  Low-­‐Cost  │  Low-­‐Risk    │  Development  │  Europe  │  September  2013  
  • 2. Forward-­‐Looking  Informa;on  and  Qualified  Person   This  presenta8on  contains  “forward‑looking  informa8on”  which  may  include,  but  is  not  limited  to,  statements  with  respect  to  the  comple8on  of  the  acquisi8on  (the   “Acquisi8on”)  by  the  Company  from  a  group  of  private  vendors  of  approximately  1.3  million  hectares  of  mineral  rights  over  four  greenstone  belts  and  a  historic  silver  mining   camp  in  Norway,  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  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;  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  acempted  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.   Some  technical  data  in  this  presenta8on  was  taken  from  the    technical  report  en8tled  “A  Preliminary  Economic  Assessment  of  the  Curraghinalt  Gold  Deposit,  Tyrone  Project,   Northern  Ireland dated  September  6,  2012,  prepared  by  B.  Terrence  Hennessey,  P.Geo.,  Mr.  Barnard  Foo,  P.ENG.,  Mr.  Bogdan  Damjanovic,  P.ENG,  Mr.  Andre  Villeneuve,   P.ENG.,  and  Mr.  Christopher  Jacobs,  CEng  MIMMM  of  Micon  Interna8onal  Limited  (the   PEA ).   Michele  L.  Cote,  MSc.,  P.  Geo.,  VP  Explora8on,  Dalradian  Resources  Inc.,  is  the  Qualified  Person  who  supervised  the  prepara8on  of  the  explora8on  technical  data  in  this   presenta8on.   2
  • 4. Capital  Structure   STOCK  PRICE   All  dollars  quoted  in  $  CAD   TSX:   DNA   Shares  outstanding:   Fully  diluted:   (August  30,  2013)   89.5  million   97.0  million   Market  cap:   (September  11,  2013)   $71.6  million   Average  30  day  volume:   (September  3,  2013)   138,326   52  Week  Range:   $1.90  -­‐  $0.48   Insider  ownership:   (approximate)   7%   Cash  balance:   (as  at  June  30,  2013)   $12.6  million   Analyst  coverage:   (targets  range  from     $1.90-­‐$1.30)       Jamie  Sprac                Steve  Parsons      Michael  Curran                                  Laurie  Cur8s       John  Hayes                                            Bart  Jaworski   4   $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   $0.80 September 11, 2013 DNA   Gold  Price   $  CAD  
  • 5. The  Board:  A  Track  Record  of  Discovery,  Development  &  Produc;on   5   PATRICK  F.  N.  ANDERSON   CHIEF  EXECUTIVE  OFFICER   Founder  &  Former  CEO  of  Aurelian  Resources   ‘08  –  PDAC  Interna;onal  Mineral  Discovery   ‘08  –  Northern  Miner  Man  of  the  Year     JONATHAN  A.  RUBENSTEIN   Director  of  Eldorado  Gold  Corpora;on   Director  of  Detour  Gold   Chairman  &  Director  of  MAG  Silver  Corp.   Former  Director  of  Aurelian  Resources,  Suaon   Resources,  Canico  Resource  Corp  &   Cumberland  Resources   RONALD  P.  GAGEL   Former  SVP  and  CFO  of  FNX  Mining   THOMAS  J.  OBRADOVICH   CHAIRMAN     Founder  &  Former  CEO  of  Young-­‐Davidson  Mines   Former  Director  of  Aurelian  Resources   SEAN  E.  O.  ROOSEN   Founder  &  CEO  OF  Osisko  Mining  Corpora;on   Also  Director  of  Astur  Gold   ‘06  –  Prospector  of  the  Year  -­‐  Quebec   ‘08  –  Prospector  of  the  Year  -­‐  Canada   ‘09  –  Northern  Miner  Man  of  the  Year       Founder  &  CEO  OF  CONTINENTAL  GOLD  LIMITED   ARI  B.  SUSSMAN   GRENVILLE  THOMAS   Founder  &  Chairman  of  Strongbow  Explora;on  Inc.   Founder  &  Former  Chairman,  President  &  Director  of   Aber  Resources  (Harry  Winston  Diamond  Corp.)  now   Dominion  Diamond   ‘99  –  PDAC  Prospector  of  the  Year     ‘01  –  Northern  Miner  Man  of  the  Year   ‘09  –  Canadian  Mining  Hall  of  Fame  
  • 6. Development  of  a  High-­‐Grade  Deposit    in  a  Low  Risk  Jurisdic;on   6   §  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  a  high  margin  and   low  capex  producer   NORTHERN  IRELAND   1  Refer  to  press  release  dated  Nov.  30,  2011  en8tled  “Dalradian  Announces  Resource  Increase  at   Curraghinalt”  at  www.dalradian.com  
  • 8. Metal  Produc;on  in  Ireland  &  the  UK   §  Our  flagship  asset:  Curraghinalt  high-­‐grade  lode   gold  deposit   §  Excellent  regional  infrastructure   §  Over  84,000  hectares  under  license   §  Recent  surge  in  gold  sector   8   Gor8n   Omagh   Curraghinalt   BELFAST   NORTHERN   IRELAND   Galantas   Gold   Conroy   Diamonds   &  Gold   Lonmin   Irish  Salt   Mining   Underground   Salt  Mine   Clon;bret   Croagh  Patrick   Parys  Mountain   Gwynfynydd   Galmoy   Avoca   Pallas  Green   Silvermines   South  Crohy   Curraghinalt  Gold   Deposit   Gold   Base  Metals   Salt  Mine   Allihies  Copper   Mines   Galantas  Gold   In  produc8on   Scotgold   Permiced   Vedanta  Resources   In  produc8on   Boliden   In  produc8on   IMC  Explora;on   354  g/t  gold  over  1.5m   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  
  • 9. 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   permits   submiced     In  Three  Years  We  Have:   1  Refer  to  appendix  or  press  release  dated  Nov.  30,  2011  en8tled  “Dalradian  Announces  Resource   Increase  at  Curraghinalt”  at  www.dalradian.com   9  
  • 10. DG3   Gor;n   County  Tyrone  is  Resource  Friendly   10   Curraghinalt   Alwories  Quarry   kilometres 0 1 2 Curraghinalt   Clear  Cut  Logging  at  Gor8n  Glen  Forest  Park   125  Metres Greencastle  Quarry   Cavanacaw  Open  Pit  Approx  30  km  SW  
  • 11. Social  License   11  Dalradian  supports  the  local  MS  Society     Awarded  in   Top  30  Irish-­‐ North   American   Companies   for  2012  &   2013   “Dalradian  makes  every  effort  to  maintain  good  community  rela8ons,  protect  the  environment  and  work  with   all  local  people  providing  employment  and  training.”   ”The  company  communicates  with  local  land  owners  on  a  daily  basis  and  holds  public  mee8ngs  with  the  wider   community  in  a  nearby  hall  regularly.”   “The  employment  produced  from  this  venture  is  cri;cal  to  local  work  forces  at  this   ;me.    I  urge  you  to  grant  approval.”   “As  someone  who  has  worked  with  DGL  and  been  on  site,  I  have  experienced  and  been  fully  impressed  with   their  environmental  mi8ga8on  measures  and  health  &  safety  procedures.”   “It  makes  economic  sense  to  allow  DGL  to  determine  whether  a  future  mining  project  is  viable.  Not  giving  planning   permission  would  be  to  send  out  a  clear  signal  that  Northern  Ireland  is  not  open  for  investment  from  outside   companies.”   “It  is  incomprehensible  that  our  local  youth  are  having  to  travel  12,000  miles  to  work  in  explora;on   and  extrac;on  of  mineral  resources  when  we  have  poten;al  similar  opportuni;es  a  mile  away.     Every  effort  should  be  made  to  expedite  this  project  safely  and  effec;vely.”   Epicdocs.planningni.gov.uk. 2011. Public Access. Available at: http://epicdocs.planningni.gov.uk/ShowCaseFile.aspx?appNumber=K/ 2013/0072/F Accessed: 19 Aug 2013.  
  • 13. Intercept in hole 11-CT-99 projected up dip to 170m mSL A  12km  Gold  Trend   GLACIATED TERRAIN WITH MINIMAL OUTCROP 12 km 1700m Curraghinalt Deposit Curraghinalt Trend 13   Curraghinalt Trend Veins in Current Resource Intersected Veins Historical Findings Geochem Anomaly 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) Golan Burn Outcropping veins including 60cm @ 61.43 g/t Au Alwories Discovery Holes 4.72m @ 14.82 g/t Au 2.22m @ 14.10 g/t Au 1.47m @ 23.6 2g/t Au 400 m Step-out 3.2m @ 5.34 g/t Au Attagh Burn 2.47m @ 18.99 g/t Au A A’
  • 14. Curraghinalt:  A  Growing  Resource   14   2.22  m  @  14.1  g/t  Au   1.47  m  @  23.6  g/t  Au   Alwories 3.6 km Curraghinalt 2007  Resource   2010  Resource   2011  Resource   2012  Interpreted  vein  extents   Drilling  post  2011  Resource   4.72  m  @  14.82  g/t  Au   0m  asl   -­‐500m  asl   -­‐1000m  asl   257500E   258000E   258500E   259000E   259500E   A A’ 3.20  m  @  5.34  g/t  Au   2.47  m  @  5.19  g/t  Au   8.34  m  @  5.84  g/t  Au  
  • 16. Preliminary  Economic  Assessment   16 16 KEY  PEA  DATA*   3  YEAR  TRAILING   AVERAGE  GOLD  PRICE:   $1378/ounce   5  YEAR  TRAILING   AVERAGE  GOLD  PRICE:   $1,166/ounce   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  
  • 18. Curraghinalt  Adit   18 Working  off  exis8ng   infrastructure,  we   plan  to  begin   advancing  on  the   veins    
  • 19. Underground  Explora;on  Development   Proposed  Access  Ramp   to  Sub-­‐Level   Proposed  Tunnel  Extensions   at  Sub-­‐Level   Proposed  Tunnel  Extensions   at  170  M  Level   Exis;ng  Explora;on   Tunnel   T17 No.  1 106-­‐16 Bend Crow Road Sheep  Dip Mullan § Dalradian  has  requested  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.   19
  • 20. 20 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  permiwng  process.   ROAD   SHEEPDIP   MULLAN   T17   No.  1   106_16   BEND   CROW   EXISTING  DEVELOPMENT   PLANNED     DEVELOPMENT   PLANNED     DEVELOPMENT   PLANNED     STOPING   20
  • 21. Where  We’re  Headed     21 §  Deposit  re-­‐evalua8on        Ongoing   §  Drill  results  finalized      Ongoing   §  Historic  sampling  program  comple8on    Ongoing   §  Historic  sampling  interpreta8on  &  results    Ongoing   §  EIA  Requirement  Determina8on    Not  Required   §  Underground  permit      Ongoing   §  Underground  Program  Planning    Ongoing           NORTHERN  IRELAND   ✓
  • 22. Next  Stop   Underground  Tour  of  Curraghinalt  Deposit  
  • 23. 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
  • 24. Oslo   Kongsberg SOUTHERN  NORWAY   NORWAY   FINLAND   SWEDEN   RUSSIA   Land  Posi;on   Northern  Norway   §  Four  concessions  over  three  greenstone  belts  and  a   basement  window   §  10  gold-­‐in-­‐+ll  anomalies  iden+fied   Southern  Norway   §  Kongsberg  concession  hos8ng  an  historic  silver  mining  district   §  Five  silver  targets  iden+fied     Rombak NORTHERN  NORWAY   Greenstone  Belts   Volcanic  Belts   &  Metasediments   Kautokeino Kiwlä   Sakawlampi   Bidjovagge   Pasvik Karasjok Pechenga   NORWAY   FINLAND   SWEDEN   RUSSIA   24
  • 25. 43-­‐101  Resource   25 §  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