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TSX: LBENickel Production and Exploration in Timmins      Q2/ 2012Chris Stewart, President & CEO
Forward-Looking Statement This presentation contains “forward-looking information” and “forward-looking statements” within...
Investment Highlights •   New senior leadership team with significant mining and     operational experience •   Only mill ...
Our Assets• Redstone Mill and Nickel Concentrator – 2,000 tonnes per day  capacity• McWatters Mine – 792,000 tonnes @ 0.58...
Liberty Mines – Property Locations                       Timmins, ON                                     5
Upcoming Milestones & ObjectivesShort-term                           Long-termQ1 2012                              2013-20...
Current Operational StatusRedstone Mill   •   Production has restarted – ramping up to 1,500 tpd   •   Major refurbishment...
Expand Current Tailings Storage Facility (TSF) Current TSF Upgrade • Meets environmental standards • 3 year life Proposed ...
Vision for our operations                            Current Surface Ore Stockpile of      Redstone Mill                 3...
Current Resources and Reserves              Resource /                       Grade     Contained                          ...
McWatters Mine      Surface Elev.                               Shallow Mine –                               Ramp to Surfa...
Redstone Mine – Resource Drilling – At Depth Potential                                 1600m level                        ...
Hart Mine                                             Ramp access from                                          surface – ...
Hart – 445 Level (Preliminary)                                 14
Hart East - Potential New Ore Lense                       Approx. 300m to the East                                        ...
Hart Deposit & Hart East Potential                         Ga                           bb                              ro...
Claims in the Shaw Dome    Opportunities for new exploration                                        17
A6 Project – 2012 VTEM & Geochem Target                                          18
Shaw Dome Area                 Additional Drill Targets   Croxall   Redstone   Mine & Mill                    Hart & Hart ...
Exploration Program 2012Primary Focus                   Secondary TargetsHart & Redstone Properties      Croxall, Groves a...
Board of DirectorsMr. Wu Shu, Director & Chairman of the Board – CEO of Jilin Jien Nickel Industry Co.Previously President...
Management teamChris Stewart, President & CEO – Professional engineer with 20+ years of mine developmentand mine operation...
Our Strategic Partner                        • Largest Liberty shareholder                           – Currently @60% owne...
Market Data Trading Symbol:         LBE Listing:                TSX Recent share price:     $0.14 52-Week Range           ...
Investment Highlights •   New senior leadership team with significant mining and     operational experience •   Only mill ...
Appendix           26
Typical Deposit Structure in the Shaw Dome  Nickel Ore gets     trapped in embayments withsources of sulphur in   footwall...
Ore Sources              28
Nickel market trends• Nickel demand is growing*:    – 17.1% in 2010    – 8.4% in 2011    – 9.5% in 2012• China is main dri...
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Liberty Minerals Presentation - April 2012

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Liberty Minerals Presentation - April 2012

  1. 1. TSX: LBENickel Production and Exploration in Timmins Q2/ 2012Chris Stewart, President & CEO
  2. 2. Forward-Looking Statement This presentation contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate”, “intend” and similar terminology and reflect assumptions, estimates, opinions and analysis made by management of Liberty in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Liberty’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability of suitable financing alternatives; fluctuations in nickel and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from Liberty’s activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. No invitation to purchase securities is being made. Liberty disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law. 2
  3. 3. Investment Highlights • New senior leadership team with significant mining and operational experience • Only mill facility within the Shaw Dome Nickel region • Progressing towards ramp-up of Mill & Mine operations and positive cash flow • Solid pipeline of exploration projects • Strategic relationship with Jilin Jien Nickel Industry Co. • Strong nickel market fundamentals 3
  4. 4. Our Assets• Redstone Mill and Nickel Concentrator – 2,000 tonnes per day capacity• McWatters Mine – 792,000 tonnes @ 0.58% Ni• Hart Deposit – 1,546,000 tonnes @1.40% Ni• Redstone Mine – 737,000 tonnes inferred @ 1.57%Ni• Groves Property – 500,000 tonnes historic @ 1.5% combined Ni/Cu (non 43-101 compliant)• Croxall Property – historic drill hole intercept verified in 2011 Foundation for re-launching Liberty 4
  5. 5. Liberty Mines – Property Locations Timmins, ON 5
  6. 6. Upcoming Milestones & ObjectivesShort-term Long-termQ1 2012 2013-2014• Restart mining and milling • ExpandLiberty beyond the Shaw operations Dome area• Expand exploration programQ2-Q3 2012 2014• Generate positive operating cash •Construction of a new Tailings Pond flow Facility2012 2015• Produce 4 million lbs of Nickel •Increase resources to provide 12+• Increase ore resources years of operating life 6
  7. 7. Current Operational StatusRedstone Mill • Production has restarted – ramping up to 1,500 tpd • Major refurbishment work completed • Commissioning work completed • 30,000 tonne surface stockpileMcWatters Mine • 15,000 tonnes to surface • Ramping up to 1,500 tpd • 155,000 tonnes of broken ore underground • Blast hole drilling underwayRedstone Mine • On care & maintenance • U/G Exploration drilling program planned for 2012 7
  8. 8. Expand Current Tailings Storage Facility (TSF) Current TSF Upgrade • Meets environmental standards • 3 year life Proposed New TSF • Construction in 2014 -> 15+ year tailings pond facility 8
  9. 9. Vision for our operations Current Surface Ore Stockpile of Redstone Mill 30,000 Tonnes 2,000 tpd capacityPermitted @ 1,500 tpd nowMcWatters Mine792,497 t @ 0.58% NiProduction Rate1,500 tpd Q1/2012 Hart Mine 1,546,000 t @ 1.40% Ni Production Rate 250 tpd starting Q3/2013 ramping up to 750 tpd by 2017 Deposit is open at Depth Redstone Mine Lower Zone Resource 737,000 t Inferred @ 1.57%– High Potential & High Grade Deposit is open at Depth Production Rate 300 tpd from Q1/2014 9
  10. 10. Current Resources and Reserves Resource / Grade Contained TonnesDeposit Reserve Category (Ni%) Ni (lbs)Hart Resource Indicated 1,546,000 1.40% 47,716,860 Inferred 322,000 1.27% 9,015,585 Proven & 791,000 0.61% 10,637,526McWatters Reserve Probable Proven & 50,252 1.48% 1,644,248Redstone Reserve Probable Resource Inferred 737,000 1.57% 25,509,472Grand Total 3,446,252 1.24% 94,523,692 10
  11. 11. McWatters Mine Surface Elev. Shallow Mine – Ramp to Surface 155,000 t broken ore in the stope – Blast hole drilling underway Infrastructure in place - multiple draw points on multiple levels 11
  12. 12. Redstone Mine – Resource Drilling – At Depth Potential 1600m level 12
  13. 13. Hart Mine Ramp access from surface – easily adapted to access other ore lenses nearby Indicated - 1,546,000 tonnes @1.40% Ni Inferred 322,000 tonnes @1.40% Ni 13 13
  14. 14. Hart – 445 Level (Preliminary) 14
  15. 15. Hart East - Potential New Ore Lense Approx. 300m to the East 15 15
  16. 16. Hart Deposit & Hart East Potential Ga bb ro Dy ke Open Open 16
  17. 17. Claims in the Shaw Dome Opportunities for new exploration 17
  18. 18. A6 Project – 2012 VTEM & Geochem Target 18
  19. 19. Shaw Dome Area Additional Drill Targets Croxall Redstone Mine & Mill Hart & Hart East Deposits A6 McWatters Mine 19
  20. 20. Exploration Program 2012Primary Focus Secondary TargetsHart & Redstone Properties Croxall, Groves and McAra Properties•Deep drilling on Hart, Hart •Complete further geophysics East and Redstone to work increase resources •Identify additional drill targets• New drilling on prospective targets on Hart property•Underground drilling to confirm ore resources at Redstone 20
  21. 21. Board of DirectorsMr. Wu Shu, Director & Chairman of the Board – CEO of Jilin Jien Nickel Industry Co.Previously President of Jilin Haorong Nonferrous Metal Group Co., Ltd. and CFO and aDirector of JJNICL.Mr. John Pinsent, Lead Director - Founding partner in St. Arnaud Pinsent StemanChartered Accountants. 10+ years of experience with Ernst & Young LLP. Significantmining industry experience.Dr. Tao Li, Director - Specialist in geotechnical engineering and is the director andprincipal of an independent consulting company. 30+ years of mining and engineeringexperience (Mount Isa Mines, WMC Resources, Gold Fields and Newcrest Mining)Mr. Kim Oishi, Director - 17 years of capital markets experience, serving as an officerand director of a number of public companies, and focused on China since 2004.Dr. Shu Zhang, Director - President & COO of Jien International Investment Ltd. (JIIL).He is a mining engineer with 38+ years of mining industry experience working in China,Australia and Canada. Public markets and mining experience 21
  22. 22. Management teamChris Stewart, President & CEO – Professional engineer with 20+ years of mine developmentand mine operations experience. Track record in mining services and operations. Recently camefrom BHP Billiton where he was the Project Manager for the two new shafts at the Jansen Project.Former VP of Ops for Lake Shore Gold in Timmins.William Woods, CFO – 25+ years of experience in corporate finance and accounting in themining and transportation industries. Previously CFO for Valens Pharma Ltd. and VP of Finance forNorthern Transportation Company Limited.Peter Caldbick, VP Exploration – 28+ years of geological experience in the mining industrywith the past 7 years spent specifically exploring the Shaw Dome in Timmins.Brendan Zuidema, General Manager – 20+ years of experience in the mining industry. Hehas held various senior positions including Operations General Foreman at the Montcalm Mine, MineManager at Lake Shore Gold’s Timmins Mine and most recently Area Manager for DumasContracting in Timmins.Keyvan Salehi, Director Technical Services & Corporate Strategy – Professionalengineer with 10+ years of experience in the mining industry. Obtained MBA throughKellogg/Schulich program at York University. Previous positions include Chief Engineer for LakeShore Gold at the Bell Creek Complex and Project Manager for DMC Mining on various projects inthe Sudbury area. Mining and operational experts 22
  23. 23. Our Strategic Partner • Largest Liberty shareholder – Currently @60% ownership • Current Debt with Jilin Jien – approx. CDN$71 Million • Fully supportive of the “new” Liberty Mines and the operating plan developed for moving the company forward • Discussions are currently underway to restructure the debt so it more closely aligns with Liberty’s 5 year business plan 23
  24. 24. Market Data Trading Symbol: LBE Listing: TSX Recent share price: $0.14 52-Week Range $0.07 - $0.22 Shares outstanding 214.2 million Market Capitalization $29.0 million Fiscal year end Dec. 31 24
  25. 25. Investment Highlights • New senior leadership team with significant mining and operational experience • Only mill facility within the Shaw Dome Nickel region • Restarted Mill and Mine operations in Q1/2012 • Targeted nickel production of 4 million Lbs in 2012 • Solid pipeline of exploration projects • Strategic relationship with Jilin Jien Nickel Industry Co. • Strong nickel market fundamentals 25
  26. 26. Appendix 26
  27. 27. Typical Deposit Structure in the Shaw Dome Nickel Ore gets trapped in embayments withsources of sulphur in footwall rocks Footwall rock – iron formation (Hart) or graphite (W4) 27
  28. 28. Ore Sources 28
  29. 29. Nickel market trends• Nickel demand is growing*: – 17.1% in 2010 – 8.4% in 2011 – 9.5% in 2012• China is main driver for growth• Nickel consumption is dominated by the stainless steel sector – accounts for more than half of the global consumption of nickel *Source: RBC

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