Odyssey Resources Limited · TSXV:ODX.H
Odyssey Resources — Shareholder Meeting (June 2006)
24 slides from Odyssey Resources's shareholder meeting presentation, Jun 1, 2006
Slide 1: Annual General Meeting
Annual General Meeting June 1, 2006
Slide 2: Disclaimer
DISCLAIMER This document contains certain forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of Odyssey Resources Limited [the "Compa
Slide 3: Company Profile
COMPANY PROFILE Canadian-based junior mining company focused exclusively on the Mediterranean Region • Morocco: Anti Atlas Copper-Silver Property • Turkey: Tavsan Gold Property; Industrial Clays Moving towards ‘developer’ status from ‘explorer’ status Professional management teams in Canada, T
Slide 4: Financial Overview
FINANCIAL OVERVIEW (June 1, 2006) Working Capital: C$0.6 million Market Capitalization: $11 million (June 1, 2006) 63 million shares issued; 86 million fully diluted 17.5 million warrants issued Oct. 2005; issued at $0.10; strike price $0.15; expiry Oct. 2007 Director and Management owners
Slide 5: Corporate Strategy
CORPORATE STRATEGY Develop critical mass either through joint venture or acquisition in addition to organic growth Define current asset base and implement strategy to produce Improve investor profile and strategic direction Strengthen management and director base 5
Slide 6: Management & Directors
MANAGEMENT & DIRECTORS MANAGEMENT DIRECTORS Avrom E. Howard, MSc, PGeo Avrom Howard, MSc, PGeo President & CEO Chairman of the Board President, Odyssey Resources Hatem Kawar, PEng, MBA Jonathan Goodman, PEng, CFA Chief Financial Officer President & CEO, Dundee Precious Metals Inc. Michael
Slide 7: A Mediterranean Focus
A MEDITERRANEAN FOCUS Morocco ee : ; Turkey 1 Anti Atlas Copper. er Project - z eS = - 2 Tavsan Gold Property — : ; 3 Industrial Clays
Slide 8: Highlights - Morocco
HIGHLIGHTS - Morocco Odyssey controls 31 licenses in the Anti Atlas region, a significant past-productive copper- silver belt that has seen no modern exploration. Classic sediment and volcanic hosted “red bed” copper-silver deposits analogous to major producing deposits elsewhere in the world, s
Slide 9: Alous - Infrastructure
ALOUS - Infrastructure Power, water, all- season road and labour readily available Deep water port - Agadir, with commercial shipping access Nearest city centre, Taroudant, within 45 minutes 9
Slide 10: Overview - Morocco
OVERVIEW - Morocco <a. \ Talat N'Squs_ aAmadouz s ‘a aa: coe _ aon - a - - Algeri jap Area ai [1 Leenses under option from ONHYM (Office National des Hydrocarbures et des Mines) [Odyssey licenses ©$—7__ \nfracambrian-Cambrian contact @ Deposits Q ®— Mines (depleted) Talat N'OQuamane SO Hien z A Occu
Slide 11: Anti Atlas Cu-Ag Deposits
ANTI ATLAS Cu-Ag DEPOSITS Name Tonnes Copper Silver Status (%) (g/t) Alous 6,262,664 0.89 12.1 Undeveloped Talat 38,700 2.62 75 Undeveloped N’Sous Tiferki 319,000 2.75 117 Partly Developed+ Tizert 3,257,300 2.35 69 Partly Developed+ Amadouz 581,000 2.04 16 Undeveloped Talat Unknown Unknown Unknown P
Slide 12: Alous Summary
ALOUS SUMMARY Alous is the largest of the eight known deposits on the Anti Atlas property Historic Resource of 6.26 Mt of 0.87% copper and 12.12 g/t silver Completed confirmation drilling program in April 2006 (Occidental Minerals’ Historic drilling appears compatible) Geological settings po
Slide 13: Alous Copper-Silver Deposit Historic Resources
Alous Copper-Silver Deposit Historic Resources Zone A: 4,450,000 t @ 0.95% Cu & 13.43 git Ag Zone B: 1,450,000 t @ 0.74% Cu & 8.00 git Ag Zone C: / 1362,664t@ _ [0.80% Cu & 12.26 git Ag _| Total Historic Resource: 6,262,664 t @ _|0.89% Cu & 12.12 git Ag Anti Atlas Copper-Silver Project Map = Area Tm
Slide 14: Alous – View Looking North
ALOUS – View Looking North Zone C Zone A Zone B 14
Slide 15: Alous - Possible Exploration Model
ALOUS - Possible Exploration Model 15
Slide 16: Tailings
TAILINGS Potential to provide near-term cash flow to fund exploration, and future development at Tavsan and Alous Resource unknown but estimated at (based upon past production records): Imin Irfi: 1.5M tonnes Assif Imider: 0.5M tonnes Initial metallurgical report completed by Kappes, Cassi
Slide 17: Highlights - Turkey
HIGHLIGHTS - Turkey Property acquired from Teck Cominco in May 2003 Lease with purchase option (100% ODX with 2% NSR) Classic Sediment-Hosted (Carlin Type) epithermal gold deposit Possible feeder zones recently identified Historic resource of 11.6Mt averaging 1.01 g/t gold in Main Zone P
Slide 18: Tavsan - Overview
TAVSAN - Overview €79000E Tavsan Gold Property B s , , 437 0000N T | Biga Peninsula, Western Turkey 7 warn pape 114 so 18 119 eres Odyssey Resources Limited ; Ow End Zone (S11) May 2006 N oe, 12 / ss 407 108 to9 7 1% C) 200 400 «G00 800_—_—1000 p son” metres S7 6780005 103A. 103 10285 © Current Odys
Slide 19: Project Status - Turkey
PROJECT STATUS - Turkey 100-metre Grid Drilling Program underway • 65 holes complete as of June 1, 2006 • Three new low-grade zones delineated • Fill-in drilling on Main Zone underway Potential High Grade Targets at Depth • Higher gold grades in recently recognized “feeder faults”; ODX-53 inters
Slide 20: Surface Sampling
SURFACE SAMPLING Number of Average High Low Zone Samples (g/t) (g/t) (g/t) S1 12 1.33 3.22 0.22 S2 2 1.15 1.58 0.71 S3 4 3.58 6.55 1.13 S4 2 1.58 1.76 1.4 S5 3 1.72 3.04 0.37 S6 4 1.47 2.48 0.28 S7 5 2.74 6.95 0.95 S8 5 0.96 1.49 0.52 S9 10 1.60 6.32 0.62 S10 9 0.20 0.52 0.02 S11 10 0.50 1.13 0.01 2
Slide 21: Tavsan – Exploration Potential
TAVSAN – Exploration Potential 21
Slide 22: Industrial Clays
INDUSTRIAL CLAYS Industrial clays formed when hydrothermal fluids pass through volcanic & volcanic-derived rocks Independent industrial minerals consultant identified high grade white bentonite on Odyssey’s Fatsa property Odyssey considering joint venture or lease agreement with Turkish clay p
Slide 23: 2006 Plans
2006 PLANS Morocco • Define strategy & timeframe to develop tailings • Complete Independent Resource Estimate at Alous by end of 2006 and advance to Scoping/Pre-Feasibility Study Turkey • Complete 100-metre grid drilling program • Commission Independent Resource Estimate and advance to Scoping/P
Slide 24: Questions?
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