UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
June 3, 2014
Commission File Number: 000-53462
TIERRA GRANDE RESOURCES
INC.
(Exact name of registrant as specified in charter)
NEVADA
(State or other jurisdiction of
incorporation or organization)
98-054-3851
(IRS Employer
Identification Number)
Cnr Stirling Hwy & Fairlight St.
Mosman
Park, Western Australia 6012, Australia
(Address of principal
executive offices)
+61 8 9384 6835
(Registrants telephone
number including area code)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ] Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 7.01 Regulation FD Disclosure.
The information contained in this current report is furnished
pursuant to Item 7.01 of Form 8-K and shall not be deemed to be filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
A copy of materials that will be presented by representatives
of our company from time to time is filed herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: June 3, 2014 |
TIERRA GRANDE RESOURCES
INC. |
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By: |
/s/ Andrew Gasmier |
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Andrew Gasmier |
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President |
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Disclaimer |
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This presentation has been prepared by Tierra Grande
Resources(TG, Tierra Grande or the Company) . It should not be considered
as an invitation or offer to subscribe for or purchase any securities in the
Company or as an inducement to make an invitation or offer with respect to those
securities. No agreement to subscribe for securities in the Company will be
entered into on the basis of this presentation.
This presentation is provided on the basis that none of Tierra
Grande nor its respective directors, officers, shareholders, related bodies
corporate, partners, affiliates, employees, representatives and advisers make
any representation or warranty (express or implied) as to the accuracy,
reliability, relevance or completeness of the material contained in the
presentation and nothing contained in the presentation is, or may be relied upon
as, a promise, representation or warranty, whether as to the past or the future.
The Company hereby excludes all warranties that can be excluded by law.
The presentation contains forward looking information and
prospective financial material which is predictive in nature and may be affected
by inaccurate assumptions or by known or unknown risks and uncertainties, and
may differ materially from results ultimately achieved. There can be no
assurance that the assumptions underlying prospective financial information are
accurate or reliable or complete in any manner. All references to future
production, production targets and exploration targets and infrastructure access
are subject to the completion of all necessary feasibility studies, permitting,
construction, financing arrangements and infrastructure -related agreements.
All persons should consider seeking appropriate professional
advice in reviewing the presentation and all other information with respect to
the Company and evaluating the business, financial performance and operations of
the Company. Neither the provision of the presentation nor any information
contained in the presentation or subsequently communicated to any person in
connection with the presentation is, or should be taken as, constituting the
giving of investment advice to any person.
All information contained in this presentation is based on
publicly available information, internally developed data and other sources. The
Company does not undertake to update any of its information, except in
accordance with applicable securities laws.
This presentation relates to the proposed acquisition by the
Company of the project mentioned. Certain information in this presentation is
presented on a pro-forma basis as if this project have been acquired. While the
Company is currently conducting due diligence on the project, and expects to
complete the acquisition of the project in the near term, there can be no
assurance that the acquisition will be completed.
Confidential Page 2
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Executive Summary |
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Tierra Grandes business strategy |
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Projects High grade, near-term
production |
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People Balance of corporate and mining
professionals |
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Corporate Constant market presence |
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Project strategy |
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Sub-scale high-grade, low cash cost
assets |
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Low capital intensity |
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Near-term cash flow assets |
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Long term high value assets |
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Cash flow created from the acquired Project to be
directed at value enhancing investments in line with Tierra Grandes
business strategy. |
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Highlights Summary |
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High grade gold, |
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Near
term producing assets to fund development and acquisitions |
PROJECT |
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Low
capital intensity to cash flow |
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Potential for substantial long mine life mineralisation
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Strategic Partner with Mining Plus providing technical
strength |
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Strategic Partner with ExploAndes providing local
technical experience & project pipeline |
PEOPLE |
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Complete skill set Proven corporate, technical and
operational capability |
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Peru
based personnel |
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Management have successfully developed and
operated world class mining projects |
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Constant market presence |
CORPORATE |
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Team is
actively seeking deals |
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Global team with global perspective |
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Proven Mining Experience |
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Tierra Grande Resources |
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Strength through a complimentary board and
diligent approach creates value propositions
Board |
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Simon Eley |
Chairman of the Board |
Andrew Gasmier |
Director |
Brad Evans |
Director |
Miguel Cardozo |
Director |
Eduardo Ferrero |
Director |
Management |
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Andrew Gasmier |
President & CEO |
Neil Rose |
Chief Financial Officer |
Karim Lalani |
Corporate Secretary |
Tierra GrandesApproach
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Sub-scale projects |
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Near-term cash flow to fund
growth |
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High-grade |
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Low capital requirements
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Strategic partners |
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Focus on Peru |
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Focus on gold
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Shares Outstanding |
M |
103.7 |
Current Share Price |
USD |
$.01 |
Market Capitalization |
USD M |
$1.04 |
Simon Eley Chairman (LLB,
BA)
Mr Eley has extensive management experience in the resources sector
with senior roles at Aquila Resources Ltd, Manahattan Corporation, Woodside
Petroleum Ltd and significant open-pit experience in base and gold mines in
Australia. Mr Eley led the team that secured the Central Murchison gold Project
that resulted in the eventual sale to Westgold Resources for $76 million with 12
months.
Andrew Gasmier
President & CEO (B.Eng (Mining)
WASM, AusIMM)
Mr. Gasmier is a West Australian
School of Mines educated Mining Engineer with over 16 years experience in both
underground and open pit operations. He has extensive experience in the
assessment, evaluation and feasibility of mineral projects in Africa, Australia,
Laos and Russia. Mr. Gasmier has held General Management roles in operations in
Queensland and Western Australia, and in the past five years Mr. Gasmier has
held senior positions for Metals X, Monarch Gold, AngloGold Ashanti and Mining
Plus. Mr. Gasmier holds First Class Mine Managers Certificate of Competency and
holds a West Australian Underground Supervisors Certificate of Competency.
Brad Evans Director (B.Eng
(Mining) WASM, AusIMM)
Mr Evans is a
Mining Engineer with more than 15 years experience in the mining industry, he
is currently the General Manager of Mining Plus. Mr Evans has a multitude of
experience ranging from production, planning and management on mine sites, to
organisation leadership within Mining Plus. Mr Evans has lead the growth of
Mining Plus from 10 to 70 employees with 5 offices around the world. He is the
holder of Mine Managers Certificates of Competency in Western Australia and New
South Wales.
Miguel Cardozo Director
(B.Sc., M.Sc, PhD)
Dr Cardozo has 40 years of gold and base metals
experience throughout the Americas, holding senior management roles with
companies such as Newmont, North Ltd.,Teck Cominco and Placer Dome. As the
Senior Geologist with Newmont, Dr Cardozo was responsible for the exploration
program that led to the discovery of the +50M oz. Yanacoha gold district, and
the Galeno copper -gold porphyry in Peru. He is a member of the Society of
Economic Geologists (Council for the period 2010-2012), the Colegio de
Ingenieros del Perú, the Instituto de Ingenieros de Minas del Perú, the Sociedad
Geológica del Perú and the Society for Geology Applied to Mineral Deposits.
Eduardo Ferrero Diaz
Director (MBA,BE)
Mr Ferrero is an Australian
-Peruvian Executive with more than 16 years professional experience in the
fields of Engineering, Banking & Finance, Management Consulting and Business
Start-Ups. Mr Ferrero has extensive business networks across Financial
Institutions and Governments in Australia and Peru. He is a Director of
LaEncontre. com, Social Coil, Re/max -Pro and Delante Consultores, and is
currently based in Lima
Mining Plus provides a global technical team for
investment identification, due diligence and project development
Mining Plus
(MP)
- MP consists of a team of engineers, geologists and environmental and
safety consultants led by an experienced management team.
- Located in Perth, Adelaide, Melbourne, Kalgoorlie, Toronto, Vancouver and
Lima. With affiliates abroad, MP operates on both a national and international
scale.
- With a proven track record in delivering innovative and practical
solutions, MP has the know-how to support mining services, suppliers and
mining companies involved in both underground and surface mining developments.
Established |
2006 |
Offices |
7 |
Total Staff |
75 |
Speciality |
Geology, Mining Engineering, Risk and
Environment |
StrategicPartners
- Global technical team
- Project pipeline
- Due diligence
- Development partnering
- Skill and mentoring
Key Benefits of Partnership
- MP provides the technical expertise and practical experience to Tierra
Grande.
- Tierra Grande provides MP with the opportunity to widen its global
presence in the mining industry. Confidential Page
ExploAndes are a highly regarded in-country
technical team that provide a range of geological and logistic
services
ExploAndes (EA)
- EA is a specialised geological consulting group focused on South American
Projects.
- EA has a highly regarded skill set that complement exploration and
prospecting through to feasibility and operating mine stage projects.
- Multiple Geologists with priority given to Tierra Grande projects.
Established |
2003 |
Offices |
Lima |
Total Staff |
23 |
Speciality |
Exploration Geology |
StrategicPartners
- South American focused
- Exploration
- Pre- feasibility
- Operating Mines
- Resource estimation
Key Benefits of Partnership
- EA provides unparalleled in country knowledge to assist in the analysis
and exploitation of current and potential projects for Tierra Grande.
- Tierra Grande will provide a ground roots alliance with an expanding
Peruvian focused Company. Confidential Page
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Buldibuyo Mine Gold Project |
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The Buldibuyo gold mine is contained in a 160-km-long
orogenic gold belt extending along the Eastern Andean Cordillera in
northern Peru that has produced to date millions of ounces of gold from
vein-type deposits.
The region is host to numerous gold vein
mines, mainly included in the Pataz and Parcoy districts, located 45km and
15 km north of the Buldibuyo district. |
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Overview
- With 1410ha ground in two leases, the Project is big enough to restart
operation and also has room to grow.
- Previously mined using small scale and primitive mining methods, the
application of modern bulk mining methods has the potential to reduce costs
and increase production rates
Lease Code |
Lease Name |
Area Ha |
15008764X01 |
PATRICIA |
510 |
10080194 |
MARIA ANGOLA 2 |
900 |
Total |
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1410 |
EXPLORATION INFORMATION |
VEIN |
Tonnage** |
Au Grade** |
Contained
Gold |
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g/t |
Oz. |
PATRICIA |
11,418 |
11.25 |
4,130 |
39,673 |
10.22 |
13,037 |
SAN JUAN |
21,940 |
10.50 |
7,407 |
15,459 |
12.05 |
5,990 |
PATRICIA DOS |
2,621 |
8.35 |
704 |
SAN JUAN DOS |
7,445 |
12.50 |
2,992 |
5,783 |
12.50 |
2,324 |
LOS HORNOS |
152,880 |
11.00 |
36,622 |
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257,218 |
11.05 |
73,207
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** The reliability of the
historical data is unknown but
considered relevant by Company
management. The historical data is non NI43-101
compliant and should not be relied upon. It is the
Company's intention to verify the
historical data and confirmation work may
produce results that differ substantially from the
historic results.
Currently
- The project has developed access to ore grade material providing for low
cost and quick resumption of mining and development of additional mining
stopes
- The resource is open for expansion at depth and along strike.
- The project has a small CIP plant which requires limited
maintenance to return to operating condition.
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Buldibuyo Gold Mine
Due Diligence Site Visit, October 2013 |
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Underground Mine Sampling
Ten (10) samples were taken along the Patricia vein, samples
were taken at the two levels (Erwin and South Chili) underground mine.
Lab assaying returned range from 0.057 to 46.5 g/t Au. Grade
was found to generally correspond to visual intensity of mineralization as well
as transversal ore shoots defined in historic mapping and observed during the
site visit..
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Buldibuyo Gold Mine Cross section
with Due Diligence Sample Locations
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Additional Buldibuyo Exploration Targets
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Los Hornos - El Cura
Target
Outside of the existing mine, previous owners have
identified a zone with potential for low-grade gold .
(Breccia body in Los
Hornos stockwork zone)
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Additional Buldibuyo Exploration Targets
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Los Hornos - El Cura
Target,(continued)
The Los
Hornos -El Cura exploration zone contains an intensively fractured and
brecciated, 500m x 500m, stockwork area. Alteration includes gold-bearing,
quartz-veining and quartz-sericite alteration in a granodioritic -tonalitic
intrusion.
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The Buldibuyo Gold Mine is located
in a world class address
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Strategic Alliance with Mining
Plus & ExploAndes, establish NI 43-101 compliant reserves, produce
required technical reports including mine design & production plan as
well as work on renewing the mining approvals |
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Engage Suitable Environmental
Consultant to commence working on environmental approval renewals
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Engage Suitable Metallurgical
Contractor to commence refurbishment and upgrade work to the
processing facility |
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Engage Suitable Mining
Contractor to commence mining of existing stopes and a decline down to
the lower level. |
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Commence Gold Production
targeting 15,000oz of gold production within the next 18 months.
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Near Mine Exploration to
continue mine production beyond 18 months, funded from operating cash
flow. |
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Exploration of Los Hornos and
El Cura targets to build long term value in the project
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Highlights
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Tightly held share register
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Real mining personnel with development track record
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Early entry point for growing Company
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Committed to being a dividend paying Gold Miner
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Significant share price upside upon project acquisition
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Short time frame to production and generation of cash flow
Year 2 Target
15,000oz Gold Production
Cash Cost
< USD$800/oz
Year 3 Target
20,000oz Gold Production
Cash Cost
<
USD$800/oz
For further information regarding Tierra
Grande,
Please contact:
Andrew Gasmier President & CEO
+61 409 102 356
andrew.
gasmier@tgresources. com
Michael Collins, P.Geo. is a Qualified Person as
defined by National Instrument 43-101, and has read and approved the contents of
this presentation.
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Appendix 1: Mineral Concessions |
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