Where is Exeter listed?
Exeter is listed on the Toronto Stock Exchange (TSX), the American Stock Exchange (NYSE-AMEX), and the Frankfurt Stock Exchange.
What is the ticker symbol?
Exeter's ticker symbols are:
- TSX Symbol: XRC
- NYSE-AMEX Symbol: XRA
- FRANKFURT Symbol: EXB
What is the CUSIP number?
Exeter's CUSIP number is 301835104. The acronym CUSIP typically refers to both the Committee on Uniform Security Identification Procedures and the 9-character alphanumeric security identifiers that they distribute for all North American securities for the purposes of facilitating clearing and settlement of trades.
When is your fiscal year end?
Exeter's fiscal year end is December 31st.
Who is Exeter's independent auditor?
PricewaterhouseCoopers LLP
Suite 700 - 250 Howe Street
Vancouver BC V6C 3S7
Tel (604) 806-7000
Who is Exeter's transfer agent?
Computershare
510 Burrard Street, Suite 408MVancouver BC V6C 3B9
Tel 604-661-9400
How do I access Exeter's regulatory filings?
You can view Exeter's regulatory filings on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov/edgar.shtml).
How can I obtain an Annual Report?
You can view the document on SEDAR, or on Exeter's website. Alternatively, if you want to receive a hard copy of the Annual Report by mail, please call us.
Where can I find more comprehensive information about Exeter, its businesses and financials?
All the financial statements are posted on the company website www.exeterresource.com
Can you give me a brief history of the company?
Exeter, under its current Board and management emerged in 2003. It was formerly a resource company with a different name, managed by different people. The focus on South America was immediate, given the expertise of senior management in gold exploration in that part of the world. Over time our projects had extended geographically, such that the Company had multiple assets spanning different political jurisdictions in Argentina and Chile. In March 2010, Argentinean assets were spun out into a separate entity, Extorre Gold Mines Limited, allowing Exeter to focus on its giant gold copper discovery at Caspiche in the Maricunga district in Chile.
How much gold does the company have in the ground?
Exeter is a mineral exploration company that periodically reports its gold and silver resources by way of independent calculations prepared by experts in the field. Such calculations are generally in the form of a National Instrument 43-101 (“NI 43-101”) report that meets Canadian reporting standards but not those of the United States Securities and Exchange Commission (SEC) Industry Guide 7.
Exeter has reported gold and copper resources for the Caspiche project.
Under Canadian reporting standards the gold/copper deposits at the Caspiche Project are as follows:
TABLE 1: Indicated and Inferred Mineral Resource Estimate for Open Pit Mining Combined with Underground Mining Scenario
| Category | Source Material | Gold Equivalent Cut-off (g/t) |
Million Metric Tonnes (Mt) |
Gold (g/t) |
Gold (Million Ounces) |
Copper (%) |
Copper (Billion pounds) |
Silver (g/t) |
Silver (Million Ounces) |
Gold Equivalent (g/t) |
Gold Equivalent* (Million Ounces) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indicated | Open Pit Oxide | 0.2 | 95 | 0.46 | 1.4 | 0.01 | 0.0 | 1.84 | 5.6 | 0.46 | 1.4 |
| Indicated | Open Pit Sulphide | 0.3 | 482 | 0.58 | 9.0 | 0.20 | 2.2 | 1.24 | 19.1 | 0.97 | 15.0 |
| Indicated | Underground Sulphide** | NA* | 208 | 0.59 | 3.9 | 0.29 | 1.3 | 1.32 | 8.8 | 1.13 | 7.5 |
| TOTAL INDICATED | 785 | 0.57 | 14.3 | 0.20 | 3.5 | 1.33 | 33.6 | 0.95 | 23.9 | ||
| Inferred | Open Pit Oxide | 0.2 | 13 | 0.30 | 0.1 | 0.01 | 0.0 | 1.94 | 0.8 | 0.30 | 0.1 |
| Inferred | Open Pit Sulphide | 0.3 | 377 | 0.44 | 5.3 | 0.15 | 1.2 | 1.16 | 14.1 | 0.71 | 8.6 |
| Inferred | Underground Sulphide** | NA* | 298 | 0.47 | 4.5 | 0.25 | 1.6 | 1.23 | 11.8 | 0.95 | 9.1 |
| TOTAL INFERRED | 688 | 0.45 | 10.0 | 0.19 | 2.9 | 1.21 | 26.7 | 0.81 | 17.8 | ||
TABLE 2: Indicated and Inferred Mineral Resource Estimate for Open Pit Mining of the Oxide Resource Only Combined with Underground Mining of the Central Higher Grade Zone
| Category | Source Material | Gold Equivalent Cut-off> (g/t) |
Million Metric Tonnes (Mt) |
Gold (g/t) |
Gold (Million Ounces) |
Copper (%) |
Copper (Billion pounds) |
Silver (g/t) |
Silver (Million Ounces) |
Gold Equivalent (g/t) |
Gold Equivalent* (Million Ounces) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indicated | Open Pit Oxide | 0.2 | 70 | 0.51 | 1.2 | 0.01 | 0.0 | 1.84 | 4.1 | 0.52 | 1.2 |
| Indicated | Underground Sulphide** | NA* | 398 | 0.73 | 9.4 | 0.29 | 2.6 | 1.37 | 17.6 | 1.28 | 16.4 |
| TOTAL INDICATED | 469 | 0.70 | 10.6 | 0.25 | 2.6 | 1.44 | 21.7 | 1.17 | 17.6 | ||
| Inferred | Open Pit Oxide | 0.2 | 5 | 0.37 | 0.1 | 0.01 | 0.0 | 1.94 | 0.3 | 0.37 | 0.1 |
| Inferred | Underground Sulphide** | NA* | 234 | 0.63 | 4.8 | 0.28 | 1.5 | 1.47 | 11.0 | 1.16 | 8.7 |
| TOTAL INFERRED | 239 | 0.63 | 4.8 | 0.28 | 1.5 | 1.48 | 11.3 | 1.15 | 8.8 | ||
In calculating the resources AMEC considered two mining scenarios: firstly mining from a single large open pit, and secondly, an open pit followed by underground mining by block cave methods (a technique commonly used in mines in Chile). As the mineral endowment was similar for both scenarios AMEC selected the ‘Open Pit Mining Combined with Underground Mining’ scenario as presented in Table 1 as the base case for the project. This presentation is consistent with the preferred extraction scenario developed by our engineering consultants NCL Ingenieria y Construccion (NCL), a firm commissioned to undertake conceptual mining and infrastructure studies for Exeter’s internal evaluation purposes.
Where are your operations located?
Exeter operates in Chile. The head office is in Vancouver, Canada.
Given that the company has no mining operations at this stage, how is it financed?
Periodically Exeter raises funds by way of share placements facilitated through established brokerage firms. The pricing of such placements is negotiated between the company and the brokerage firm or, on occasion an institutional investor. The last such financing was in November 2009.
Can I buy shares directly from the company?
Shares cannot normally be purchased directly from the Company. Investors can buy shares through a recognized stock exchange.
Who owns the company?
Institutional and corporate owns approximately 55% of the issued shares, Management and directors 20%, Individuals 25%.
Cautionary Note to investors concerning estimates of Measured, Indicated and Inferred Mineral Resources: We report mineralized material under standards to meet the requirements for reporting in Canada. U.S. reporting requirements for disclosure of mineral properties are governed by the United States Securities and Exchange Commission (SEC) Industry Guide 7.Canadian reporting requirements for disclosure of mineral properties are governed by National Instrument 43-101, commonly referred to as NI 43-101. Canadian and United States standards are substantially different, and none of our property has any probable or proven reserves under either Canadian or United States standards. This release uses the terms "measured," "indicated" and "inferred" in reference to "resources." We advise investors that while these terms are recognized and required by Canadian regulations, the SEC does not recognize them. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies. Investors are cautioned not to assume that any part or all of the inferred mineral resource exists or is economically or legally mineable. In the United States, an issuer is not generally permitted to disclose mineralization unless such mineralization satisfies the definitional requirements of proven or probable mineral reserve in accordance with SEC Industry Guide 7, which defines mineral reserve as a part of a mineral deposit, which could be economically and legally extracted or produced at the time the reserve determination is made. Accordingly, information contained in this release containing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies under the United States federal securities laws and the rules and regulations there under.