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1. A Golden Opportunity In Northern Ireland
Curraghinalt Deposit
Investor Presentation September 2011
Patrick F. N. Anderson
Chairman and
Chief Executive Officer
2. Forward-Looking Information and Qualified Person
Certain statements in this presentation, other than statements of historical facts relating to the company, constitute “forward‑looking information within the meaning of
applicable securities laws. Such forward-looking information may include, but is not limited to, statements with respect to the future financial or operating performance of
the company, its subsidiary and its mineral project, the future price of metals, the estimation of mineral resources, the realization of mineral resource estimates, the timing
and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits,
costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title
disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Often, but not always,
forward‑looking statements can be identified by the use of words such as “plans, “expects, “is expected, “budget, “scheduled, “estimates, “forecasts, “intends,
“anticipates, or “believes or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may, “could, “would,
“might or “will be taken, occur or be achieved.
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions such
as continued political stability in Northern Ireland, that permits required for the company s operations will be obtained in a timely basis in order to permit the company to
proceed on schedule with its planned drilling programs, that skilled personnel and contractors will be available as the company s operations continue to grow, that the
price of gold will remain at levels that render the project economic, and that the company will be able to continue raising the necessary capital to finance its operations and
realize on mineral resource estimates and current mine plans.
Forward‑looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the
company and/or its subsidiary 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, competitive, political and social uncertainties; the actual results of current exploration activities;
conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals, including gold; possible variations of ore
grade or recovery rates; failure to convert estimated mineral resources into mineral reserves; failure of plant, equipment or processes to operate as anticipated; actual
results of reclamation activities; accidents, labour disputes; political instability and risks arising from operating in Northern Ireland; delays in obtaining governmental
approvals or financing or in the completion of development or construction activities; uncertainties relating to the availability of future financing; inflation; fluctuations in
exchange rates; uninsured risks and other risks of the mining industry.
Although the company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in
forward‑looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward‑looking
statements contained herein are made as of the date hereof and the company disclaims any obligation to update any forward‑looking statements, whether as a result of
new information, future events or results, except as may be required by applicable securities 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 anticipated in such statements. Accordingly, readers should not place undue reliance on
forward‑looking statements.
The technical data in this presentation was taken from the technical report entitled “A Mineral Resource Estimate for the Curraghinalt Gold Deposit and a Review of a
Proposed Exploration Program for the Tyrone Project, County Tyrone and County Londonderry, Northern Ireland dated May 10, 2010, prepared by B. Terrence Hennessey,
P.Geo., and Dibya Kanti Mukhopadhyay, M.Sc., MAusIMM, of Micon International Limited (the Technical Report ).
Eur Geol Garth Earls, Managing Director, Dalradian Gold Limited, is the Qualified Person who supervised the preparation of the technical data in this presentation.
2
3. Why Invest?
• High-grade 1.5MM ounce gold resource (all categories)
• Inferred: 1.16 million – 14.64 g/t Au
• Indicated: 400,000 – 13.24 g/t Au
• 6 drills turning
• Focus on resource expansion and confirmation
• Resource update planned for Q4 2011
• 84,000 ha property
• 19 regional targets identified
• Exploration drilling underway
• Low political risk
• Northern Ireland open for business and resource friendly
• Experienced management and board
• Track record of discovery and development
• Well funded
• Approximately $25 million in cash as at August 10, 2011
• Management owns > 8%
3
4. Capital Structure
• TSX: DNA
• Shares outstanding – 69.8 million
- Fully diluted – 76.3 million
- Market cap - $134.8 million
- Average volume (10 day) – 283,511
• Analyst coverage
– GMP: Andrew Mikitchook
– Clarus: Laurie Curtis
As at September 21, 2011
4
5. Board & Management:
A Track Record of Discovery and Development
Patrick F. N. Anderson
Keith D. McKay
Chairman and Chief Executive Officer Chief Financial Officer
Former CEO of Aurelian Resources Inc.
Former CFO of Aurelian Resources Inc.
Also Director of Colossus Minerals Inc.,
And Director of Noront Resources Ltd.
Malbex Resources Inc. and Continental Gold
Limited
Thomas J. Obradovich
Former CEO of Young-Davidson Mines Ltd.
Colin K. Benner Former Director of Aurelian Resources Inc.
Chairman of Capstone Mining Corp., Chairman of Lago Dourado Minerals Ltd.
Creston Moly Corp., and Corsa Capital Ltd.
Sean E. O. Roosen
Joseph F. Conway CEO of Osisko Mining Corporation
CEO of Primero Mining Corp.
Also Director of Rio Novo Gold Inc. and
Former CEO of IAMGOLD Corporation Bowmore Exploration Ltd.
Ronald P. Gagel Ari B. Sussman
Former SVP and CFO of FNX Mining Company Chairman and CEO of Colossus Minerals Inc.
Inc. CEO of Continental Gold Limited
Also Director of Adriana Resources Inc. and
Stonegate Agricom Ltd.
5
6. Exploring Northern Ireland
• Devolved government within the United
Kingdom
• Currency: pound sterling
• Population: approximately 1.8 million
• The government of Northern Ireland recently
invested approximately C$15 million in
geological surveys to attract investment
Tellus Project
6
7. Northern Ireland: A Resource Rich Country
Lonmin PLC is exploring for
• Excellent regional platinum and palladium
infrastructure
• Our flagship asset is the
Curraghinalt
mesothermal high grade
gold deposit
• Over 84,000 hectares
under exploration
• Potential exists for
further precious and
base metals deposits
Galantas Gold
Corporation has been in
production since late
2007
Conroy Diamonds & Gold
exploring for gold along a
50 km trend
7
8. Active Resource Industry in County Tyrone
• There are approximately 150 open cast operations in the region
Cavanacaw Gold Mine
Sand and gravel pit
100
metres
Peat Harvesting
Gortin Glen Logging
8
13. Long Section – T17 Vein
256600 E
256800 E
257000 E
257200 E
257400 E
257600 E
257800 E
258000 E
258200 E
258400 E
400 400
300 300
200 200
100 100
11-CT-98
0.97
0 14.05 0
-100 -100
11-CT-99
-200 -200
2.70
5.34
-300 -300
11-CT-90
0.65 F*-##0"#$:%-;%/0-:%B*$::%*$#$5:$ F*-##0"#$:%"'/:-.$%*$:"'*<$
33.85 1<".$.%)G%6*5(:%B$*%($/$*2 1<".$.%)G%6*5(:%B$*%($/$*2
-400 !"#$%&'()$* 4*5(:%B$*%($/$*%4"#. -400
+*'$%,-./0%1(2%
3'%4*5.$%167/2 H%I
I%?%@A
8*$9-"':%.*-##0"#$:%-;%*$:"'*<$
@A%?%@I
-500 JK%@I
-500
8#5;;$.%.*-##0"#$:
-600
=>?@A@%*$B"*/$.%C;.-<5/$.%D$:"'*<$:% -600
=>?@A@%*$B"*/$.%C;E$**$.%D$:"'*<$:
West East Projection
-700 -700
Curraghinalt Deposit
Section Northing: 386350
-800 -800
256600 E
256800 E
257000 E
257200 E
257400 E
257600 E
257800 E
258000 E
258200 E
258400 E
T17 Vein
Scale 1:7000 Date: 30/08/11
-900 -900
13
14. Long Section – No. 1 Vein
500
256200 E
256400 E
256600 E
256800 E
257000 E
257200 E
257400 E
257600 E
257800 E
500
258000 E
400 400
300 300
200 200
11-CT-95
100 100
0.28
21.52
0 0
11-CT-94
7.54
-100 5.84 -100
-200 -200
F*-##0"#$:%-;%/0-:%B*$::%*$#$5:$ F*-##0"#$:%"'/:-.$%*$:"'*<$
1<".$.%)G%6*5(:%B$*%($/$*2 1<".$.%)G%6*5(:%B$*%($/$*2
-300 !"#$%&'()$* 4*5(:%B$*%($/$*%4"#.
-300
+*'$%,-./0%1(2% H%I
3'%4*5.$%167/2
I%?%@A
8*$9-"':%.*-##0"#$:%-;%*$:"'*<$ @A%?%@I
-400 JK%@I -400
8#5;;$.%.*-##0"#$:
=>?@A@%*$B"*/$.%C;.-<5/$.%D$:"'*<$:%
-500 -500
=>?@A@%*$B"*/$.%C;E$**$.%D$:"'*<$:
West East Projection
-600 -600
Curraghinalt Deposit
Section Northing: 386200
-700 -700
256200 E
256400 E
256600 E
256800 E
257000 E
257200 E
257400 E
257600 E
257800 E
258000 E
No.1 Vein
Scale 1:7000 Date: 30/08/11
-800 -800
14
15. Comparing Curraghinalt Drilling to Mesothermal Model
Demonstrates Potential for Expansion
• Potential exists
to discover
additional veins
proximal to
resource and
new veins
outside the
principal zone
• System open
along strike
and down dip
• Additional After Colvine, A.C. et al,
potential to 1989.
north and south
An empirical model for the
formation of Archean gold
deposits: Economic Geology
Monograph (The Geology of
Gold Deposits: The
Perspective in 1988), p
37-53.
15
16. Open along strike
• Glaciated terrain
with minimal
outcrop
• Drilling is
primary
exploration tool
16
18. Regional Exploration Plan
• April 2011
Regional Exploration Commenced
• April – May 2011
4 Seasoned Canadian Prospectors enlisted to traditionally
prospect the property which was previously underexplored.
This group had a tremendous track record for new surface
discoveries.
• July 2011
Dedicated drill onsite for Regional Exploration
• July 2011
Prospecting Identified 19 New Gold and Base Metal Targets:
- 12 targets in Dalradian metasediments
- 7 targets in Tyrone Volcanic Group
18
20. Dalradian: A Golden Opportunity in Northern Ireland
• Initial strategy is to explore and develop Curraghinalt mesothermal gold deposit
in Northern Ireland
• Resource update in Q4 2011
• Dalradian is exploring additional targets on its approximately 84,000-hectare
Tyrone Project
• Well funded to execute on strategy
20
22. Curraghinalt NI 43-101 Technical Report
• Prepared by Micon International Limited
• Dated May 10, 2010
• Updated from November 2007 and reflects revised gold price
Curraghinalt Mesothermal Gold Deposit
Indicated
0.95 MT @ 13.24 g/t Au for 0.4 million contained ounces with an average width of 1.35 m
Inferred
2.46 MT @ 14.64 g/t Au for 1.16 million contained ounces with an average width of 1.18 m
Notes:
§ Subject to a 2% NSR royalty to Minco Plc and a 4% royalty to the Crown Estate on silver and/or gold production
§ Assumes US$900/oz and an economic cut-off grade of 5 g/t Au over a minimum thickness of 0.10 metres, diluted to 1 metre at 0 grade
§ Using a cut-off grade of 5 g/t
§ All veins less than 10 cm were excluded
§ Width or vein thickness is measured at 90 degrees to the vertical
§ "Vein thickness" refers to a zone of grade and may not be 100 per cent vein material
§ Please see "A Mineral Estimate for The Curraghinalt Gold Deposit and A Review of a Proposed Exploration Program for the Tyrone Project, County
Tyrone and County Londonderry, Northern Ireland" dated May 10, 2010 and available at www.dalradian.com
22
23. Multiple High Grade Gold Veins – 43-101
Name
Width
Grade
Depth
Sheep Dip Vein
1.1 m
29.3 g/t
149.6 m
1.3 m
31.4 g/t
36.1 m
Mullen Vein
1.0 m
19.3 g/t
274.0 m
1.3 m
19.6 g/t
49.9 m
T-17 HW Vein
4.1 m
42.7 g/t
42.9 m
1.6 m
56.3 g/t
416.2 m
T-17 Vein
3.4 m
68.1 g/t
39.6 m
1.5 m
27.0 g/t
107.0 m
No. 1 Vein
2.0 m
48.7 g/t
77.0 m
1.3 m
65.7 g/t
159.8 m
106-16 Vein
2.0 m
24.0 g/t
41.5 m
3.3 m
16.9 g/t
615.7 m
Road Cut Vein
1.6 m
14.1 g/t
55.5 m
1.2 m
13.9 g/t
123.1 m
23
24. Cross-section A to A'
385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN
200mMSL
95
T-
200mMSL
-C
11
0.28m
@ 21.5
2 g/t
0mMSL
0mMSL
Hole in progress
-200mMSL
-200mMSL
517.00m E.O.H.
Dalradian Resources Hole in progress
Curraghinalt Deposit
Date:30/08/2011 Figure 3: A - A'
Author: Dalradian (Section 256685E) Legend
Office: Gortin Intercepts reported as:
Drawing: KB True width (m), Au grade (g/t) Planned drillhole Shear zone
Scale: 1:4000 Projection: Non-Earth (meters)
-400mMSL
Drillhole Vein (projected)
-400mMSL
complete/active
Reported drillhole Vein (intersected)
386,000mN 386,200mN 386,400mN 386,600mN
24
25. Cross-section B to B'
385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 387,200mN
B
B'
200mMSL
200mMSL
0mMSL
0mMSL
-200mMSL
-200mMSL
-400mMSL
-400mMSL
-600mMSL
-600mMSL
Curraghinalt Deposit
Figure 4: B - B'
Date:30/08/2011
(Section 257280E)
Author: Dalradian Legend
Office: Gortin Intercepts reported as:
-800mMSL
True width (m), Au grade (g/t) Planned drillhole Shear zone
Drawing: KB
Scale: 1:7000 Projection: Non-Earth (meters)
-800mMSL
Drillhole Vein (projected)
complete/active
0 75 150 300
Reported drillhole Vein (intersected)
metres
385, 600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 387, 200mN
25
26. Cross-section C to C'
385,400mN 385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN 387,200mN
C C'
94
CT -
11-
200mMSL
7b
-9
200mMSL
T
-C
11
0mMSL
0mMSL
-200mMSL
-200mMSL
-400mMSL
-400mMSL
-600mMSL
-600mMSL
Dalradian Resources
Curraghinalt Deposit
Date:30/08/2011
Figure 5: C - C'
(Section 257470E)
Author: Dalradian Legend
Office: Gortin Intercepts reported as:
True width (m), Au grade (g/t) Planned drillhole Shear zone
-800mMSL
Drawing: KB
Scale: 1:7000 Projection: Non-Earth (meters)
Drillhole Vein (projected)
-800mMSL
complete/active
0 75 150 300
Reported drillhole Vein (intersected)
metres
385,600mN 385,800mN 386,000mN 386,200mN 386,400mN 386,600mN 386,800mN 387,000mN
26
30. A Golden Opportunity in
Northern Ireland
Patrick F. N. Anderson
Chairman and
Chief Executive Officer
Shae-Lynn Mathers
Director, Investor Relations:
416-583-5622
smathers@dalradian.com
Trading Symbol:
DNA on TSX
Corporate Office:
Dalradian Resources Inc.
155 Wellington Street West
Suite 2920
Toronto, ON M5V 3H1
www.dalradian.com
