Q1, 2015 www.benzmining.com / TSX.V: BZ
Cautionary Disclaimer Forward Looking Statements This presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this presentation contains forward looking statements and information concerning the expected activities of Benz Mining Corp. The forward-looking statements and information are based on certain key expectations and assumptions made by Benz Mining Corp. Although Benz Mining Corp. believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Benz Mining Corp. can give no assurance that they will prove to be correct. By its nature, such forwardlooking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Benz Mining Corp. undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. 2
Who is Benz? A Canadian Mining company focused on base & precious metal project developments Started as a CPC - BENZ CAPITAL CORP. name changed to BENZ MINING CORP. new Optioned San Javier Copper Project in Sonora, Mexico new Completed & issued two NI43-101 Technical Reports: Resource Estimate & PEA new Core Values/Foundations Acquire Execute Operate Focused on the Americas Leverage to Copper Earn the right to grow Manageable, low risk, capital projects Executing San Javier project and constantly increasing production & resources Creating shareholder value Proven Track Record and Engaged Team 3
San Javier Copper Project Location: 140 km east-southeast of Hermosillo, Sonora, Mexico Mining/Processing: Open Pit / Heap Leach / SXEW Mine Strip Ratio of 1.3 : 1 Copper Resources: (NI43-101, Jun 2014, by Dr. Gilles Arseneau) Mt (M) To Cu (%) Rec. (%) Cu (M lbs) Cerro Verde Indicated 47.7 0.32 0.21 222.8 Inferred 3.8 0.28 0.14 12.06 La Trinidad Inferred 2 0.61 0.39 17.6 Total Indicated 47.7 0.32 0.21 222.8 Total Inferred 5.8 0.39 0.23 29.66 Copper Recoverable: (NI43-101, July 2014, by JDS Energy & Mining) Production of 28.5Mt @ 0.3%Cu (soluble), 167Mlbs over 8y LOM Average Cu cathode production of 20 mlbs per year Average cash costs of $1.48/lb Excellent Infrastructure: A paved highway to the property Access to the national grid power line 4
Vision We will be a profitable mining producer and value creator for all stakeholders Future Growth Main Pit Cerro Verde 235 mlbs Second Pit La Trinidad 18 mlbs + exploration focus Operations Expansion Mesa Grande exploration focus Acquisitions in the Americas San Javier Copper Project - Strategic Objectives: #1: Complete Pre-Feasibility Study by end of 2015 #2: Obtain Permits by middle of 2016 #3: Build mine in 2016/17 #4: Start Up production in 2017 5
Board of Directors Kevin Drover, Chairman & Director +35 years global mining and management experience (Canada, United States, Russia, Costa Rica, Nicaragua and Peru). Experienced in bringing projects through financing, permitting, construction and start-up and mine operations. Serves as President & CEO of both, Oracle Mining Corp. and Aurcana Corporation. Held executive and senior management positions in Glencairn Gold, Kinross Gold, and Black Hawk Mining. Miloje Vicentijevic, President, CEO, & Director Mining Engineer with 23 years of experience in gold, lead/zinc, copper, coal & oil sands mining operations and consulting engineering. Served as Technical Director of Mining for Worley Parsons Canada, Mining Division Manager for Wardrop Engineering Inc. and Technical Services Manager for Sherritt International Luscar mine operation in Alberta. Worked on construction of the Muskeg River Mine with Shell/Albian Sands. Master s Degree in Engineering Management from the University of Alberta, Edmonton, Canada; BSc in Mining Engineering from the University of Belgrade, Serbia. P.Eng. in British Columbia, Canada. Acts as a QP for Benz. Gordon Bub, Director Mining Engineer with 40 years industry experience, including 20 years in investment banking. Served as Director of Glencairn Gold Corporation and Western Canadian Coal Corporation. Served as Chairman and CEO of Breakwater Resources, Chairman of Black Hawk Mining Inc. and Executive Vice-President, Merchant Banking, at Dynamic Capital Inc. Former mining analyst, director of research and corporate finance for Toronto based investment dealers. Ronald (Ron) Hall, Director B.Sc. (Hon) Metallurgy with over 35 years professional experience in the management, operation, evaluation and design of global mining projects. A graduate from Cardiff University in Wales, Ron has lived and worked in the UK, South Africa, Botswana, Canada, Australia and China and in addition has been involved in business and mining opportunities in India, Russia, North America, Chile, Brazil and Mexico. Recently appointed as a Non Executive director on the board of Chinalco Mining International and President of Global Mineral Research Ltd., a Vancouver based metallurgical test work laboratory. Carlos Escribano, CFO & Director CPA, CGA, and graduate of UBC. Served as Senior VP Finance and Chief Financial Officer at Oracle Mining Corp. Experience includes financial and strategic management, debt and equity financing, regulatory compliance, business development and acquisition analysis, treasury and budgeting. 6
Management Miloje Vicentijevic, President, CEO, & Director Carlos Escribano, CFO & Director Michael B. Gareau, Sr. VP Geology & Exploration BSc. (Hon.) in geology with 35 years international mining industry experience. 15 years with Placer Dome Inc. in technical and management positions. VP Exploration for Black Hawk Mining, Glencairn Gold & Wega Mining. P.Geo. in Ontario, acting as a NI 43-101 Qualified Person for Benz. Dennis Johnson, Sr. Mining Engineer Mining Engineer with 30 years of operations and consulting experience. Expertise in mine planning & design, strategic and budget-detailed cost modeling, reporting, and economic and forecast modeling. P. Eng. in British Columbia, acting as a NI 43-101 Qualified Person for Benz. Consultants: Gilles Arseneau, PhD, P.Geo Geologist with over 25 years experience with mining and consulting companies; Currently working as an independent consultant and associated with SRK in Vancouver. Manager of Geology for Wardrop Engineering & other consulting groups in Vancouver for nearly 10 years. Manager of Geology at TSX Venture Exchange for 3 years, where he was responsible for the review of technical reports and listing applications for mining companies. Byron Stewart, P.Eng Mining Engineer with 37 years of international experience in mining engineering and a specialized knowledge of rock mechanics. JDS Energy & Mining Inc. (www.jdsmining.ca) 7
San Javier Regional Copper Potential Little explored major copper targets: La Trinidad & Mesa Grande Good neighborhood: Carrizo-Sapo area & Luz Del Cobre (operating mine) 8
Exploration History Company Year No of Holes Metres Hole Type Constellation 2007 92 12,568 Core Constellation 2007 31 4,491 RC Constellation 2007 2 302 Core (BQ) Constellation 2006 57 10,930 Core Constellation 2006 21 3,085 RC Phelps Dodge 1996 18 4,952 Core Orcana 1994 9 1,260 Core Peñoles 1970 14 2,029 Core Total 244 39,618 9
2014 Benz Report vs. 2007 Constellation Copper Gap Limit of mineralization (2014) Pit bottom (design 2007) 2014 report 2007 report Variances Resources (mlbs) 252 673 421 63% Production rate (kt/d) 10 30 Economic Pit shell (mt) 28.5 89.5 61 68% Cathode Produced (mlbs) 167 384 217 57% 10
San Javier July 2014 PEA Summary Unit LOM Value Cu Price $/lb 3.05 Ore Mined M tonnes 28.5 Waste Mined M tonnes 36.3 Total Mined M tonnes 64.7 Payable Cu M lbs 166.6 Cu Revenues from Cu Cathode M $ 508.2 Total Operating Costs M $ 236.3 Net Operating Income M $ 261.9 EBITDA Royalty (7.5%) M $ 19.6 Pre-Contingency Capital Costs M $ 93.8 Contingency (20%) M $ 18.8 Total Capital Costs M $ 112.5 Net Pre-Tax Cash Flow M $ 129.7 Pre-Tax Payback Period Years 2.9 Pre-Tax NPV (5%) M $ 81.8 Post-Tax NPV (5%) M $ 54.0 Pre-Tax IRR % 23.3% Post-Tax IRR % 18.1% Unit LOM Value Cu Price $/lb 2.85 3.05 3.25 Net Pre-Tax Cash Flow M $ 102 130 163 Pre-Tax Payback Period Years 3.6 2.9 2.5 Pre-Tax NPV (7%) M $ 47 67 90 Pre-Tax NPV (5%) M $ 60 82 107 Pre-Tax IRR % 19% 23% 28% 11
Pre-Feasibility Study Budget Work Task Cost (000 s $US) Overall PFS Management 150 Metallurgical & Geotechnical Drilling 600 Resources Expansion Drilling 300 Metallurgy 325 Process Design 80 Open Pit Geotech, Hydrogeol., 370 Hydrology 60 Mine Engineering 80 Infrastructure 165 EIA, Permitting, Environmental 300 Engineering Economics 40 Reporting 80 Legal, PR, CSR programs 90 Pre-Feasibility Study TOTAL 2,640 Working Capital 396 Contingency (10%) 304 TOTAL BUDGET 3,340 12
San Javier Project Execution Plan Close Financing Complete Pre-Feasibility Study EIA, Permitting Construction San Javier Production '14 2015 2016 2017 2018 2019 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 13
Benz Share Summary, TSX.V - BZ TSX.V BZ Jan 2014 Jan 2015 TSX.V Share Summary: BZ Share Price (Feb. 5, 2015) 0.45 Shares Outstanding 18,018,726 Options & Warrants 1,118,012 Share Price Range (52 week) $0.16 - $0.64 Fully Diluted Shares 19,136,738 MC [MILLION] $ 8.61 14
Corporate Strategy Create shareholder value by: Developing San Javier into an open-pit heap leach producer of 20+ mlbs Cu annually Executing the project(s) on time, under budget, while maintaining sound quality, environmental and safety records Continuing exploration to prove more resources are already in place and expand total resources Acquiring assets that are accretive to Reserves/Resources with significant expansion potential Considering highly-prospective and mining-friendly environments: Americas Maximizing growth during the current market conditions! 15
Contact Miloje Vicentijevic President, CEO & Director info@benzcapital.com w: 604.689.9266 c: 604.617.1239 888 Dunsmuir St. Suite 1500, Vancouver. BC. Canada V6C 3K4 16