1. GEOLOGY AND MINERAL POTENTIAL OF PORTUGAL
GEOLOGICAL AND MINING CHARACTERISTICS
PRECIOUS METALS
BASE METALS
OTHER METALS
NON METALLIC MINERALS
PRODUCTION AND INVESTMENT DATA
LEGAL FRAMEWORK
LUÍS MARTINS
(HEAD OF THE MINES AND QUARRIES DEPARTMENT)
PDAC CONVENTION 2011
TORONTO, 7th March 2011

2. GEOTECTONIC SETTING OF THE IBERIAN PENINSULA
PORTUGAL
GEOTECTONIC SETTING OF THE IBERIAN PENINSULA
PDAC CONVENTION 2011
TORONTO, 7th March 2011

3. GEOLOGY OF PORTUGAL PORTUGAL PDAC CONVENTION 2011
TORONTO, 7th March 2011

4. MAIN GOLD OCCURRENCES AND DEPOSITS
PORTUGAL
MAIN GOLD OCCURRENCES AND DEPOSITS
PDAC CONVENTION 2011
TORONTO, 7th March 2011

5. PORTUGAL
(ad. Barriga et al. 1997, Carvalho et al. & Leistel et al. 1998, Matos el al. 2000)
PDAC CONVENTION 2011
TORONTO, 7th March 2011

6. PORTUGAL
PDAC CONVENTION 2011
TORONTO, 7th March 2011

7. THE LAGOA SALGADA DEPOSIT
PORTUGAL
THE LAGOA SALGADA DEPOSIT
PDAC CONVENTION 2011
TORONTO, 7th March 2011
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.

8. NEVES CORVO: A WORLD CLASS DEPOSIT
PORTUGAL
NEVES CORVO: A WORLD CLASS DEPOSIT
To date, copper proven and probable mineral reserves at Neves-Corvo, are approximately 75,000 tonnes of contained copper. Copper measured and indicated mineral resources are now 41 million tonnes at 3.3% Cu.
Zinc proven and probable mineral reserves at Neves-Corvo are 42.6 million tonnes at 6.9% Zn.
Neves-Corvo has economic evaluation extending to 2030 i.e. currently a 20 year horizon.
PDAC CONVENTION 2011
TORONTO, 7th March 2011
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.

9. NEVES CORVO: A WORLD CLASS DEPOSIT
PORTUGAL
NEVES CORVO: A WORLD CLASS DEPOSIT
Lundin Mining announced in October the discovery of a new copper-rich massive sulphide deposit, the Semblana deposit, 1.5 km to the east of the Neves Corvo mining concession.
Significant intersections from some assayed holes include:
20 metres at 3.47% copper (including 7 metres at 5.48% copper);
39 metres at 2.59% copper (including 11 metres at 7.02% copper); and
13 metres at 4.14% copper.
Surface exploration drilling has continued to intercept a thick massive sulphide lens underlain by extensive stockwork sulphides, now delineated over an area exceeding 800 x 300 metres and completely open to the north and south.
PDAC CONVENTION 2011
TORONTO, 7th March 2011
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.

10. WHY NOT A DEPOSIT SIMILAR TO NEVES CORVO IN THE IBERIAN PYRITE BELT?
PORTUGAL
NEVES CORVO: A WORLD CLASS DEPOSIT
WHY NOT A DEPOSIT SIMILAR TO NEVES CORVO IN THE IBERIAN PYRITE BELT?
PDAC CONVENTION 2011
TORONTO, 7th March 2011
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.
The Mineral Resources are reported above cut-off grades of 1.0% for copper and 3.0% for zinc and the Mineral Reserves at a cut-off of 1.6% for copper and 4.3% for zinc.

11. OPEN TENDER FOR THE CONCESSION OF 3 AREAS IN THE IBERIAN PYRITE BELT
PORTUGAL
DIRECÇÃO GERAL DE ENERGIA E GEOLOGIA
OPEN TENDER FOR THE CONCESSION OF 3 AREAS IN THE IBERIAN PYRITE BELT
2nd TRIMESTER 2011
ALBERNOA – VS structure; possible continuation to SE of the Aljustrel lineament; Juliana old mine
MÉRTOLA – Pomarão structure; São Domingos, Balança and Chança old mines; Serra Branca gravimetric anomaly
ALCOUTIM – possible continuation in depth of the Neves Corvo lineament; Barrigão, Cova dos Mouros old mines
PDAC CONVENTION 2011
TORONTO, 7th March 2011

12. GEOTECTONIC UNITS AND MAIN W/Sn DEPOSITS AND MINES
PORTUGAL
GEOTECTONIC UNITS AND MAIN W/Sn DEPOSITS AND MINES
PDAC CONVENTION 2011
TORONTO, 7th March 2011

13. PORTUGAL
Panasqueira mine remains in operation. Here, in the beginning of 2009 a total of 9,355,750 tones of reserves, with 2,159,526 MTU WO3 and a cut off of 14 kg/m2 were defined.
The mineralised zone consists of series of sub-horizontal quartz veins, which overlap and fill the joints of fractures occurring in schist rock. These veins vary in thickness from 1 to 150 centimetres, the average thickness of the veins currently being mined around the cm mark.
PDAC CONVENTION 2011
TORONTO, 7th March 2011

14. PORTUGAL
Tuela is the most important tin deposit, with vast stockwork zones with a high density of mineralised veins and remobilisation along strike-slip faults running sub parallel to the regional structural alignment. For this deposit, 464,057 tonnes of measured and indicated resources were recently calculated for “Open Pit W”, with tonnes of tin, with a grade of 2.10 kg/ton.
PDAC CONVENTION 2011
TORONTO, 7th March 2011

15. LOCATION OF THE MAIN URANIUM DEPOSITS
PORTUGAL
LOCATION OF THE MAIN URANIUM DEPOSITS
PDAC CONVENTION 2011
TORONTO, 7th March 2011

16. PORTUGAL
Today no mines are working, but recently several international companies showed interest in the Portuguese potential, specially in the Nisa deposit, where 2.5 Mt with 0.11% U3O8 (cut off of 0.05%) of geological resources are estimated.
PDAC CONVENTION 2011
TORONTO, 7th March 2011

17. PORTUGAL
The Moncorvo deposit, composed of 5 ore bodies, is the most important iron deposit. Laboratorial tests showed that it’s possible to obtain concentrates with grades between 64% and 68% in Fe and 0.15% and 0.25% of P. Through metallurgical methods we can reach to iron concentrates with less of 0.10 % P. The proven and probable reserves of the Moncorvo deposit, with a total of 550 Mt of ore, are enough for produce 250 Mt of fine sinterized agglomerates with 60% to 65% Fe.
PDAC CONVENTION 2011
TORONTO, 7th March 2011

18. PRODUCING AREAS OF INDUSTRIAL MINERALS
PORTUGAL
PRODUCING AREAS OF INDUSTRIAL MINERALS
PDAC CONVENTION 2011
TORONTO, 7th March 2011

19. PRODUCING AREAS OF ORNAMENTAL & INDUSTRIAL STONE
PORTUGAL
PRODUCING AREAS OF ORNAMENTAL & INDUSTRIAL STONE
PDAC CONVENTION 2011
TORONTO, 7th March 2011

20. PORTUGAL
PDAC CONVENTION 2011
TORONTO, 7th March 2011

21. PORTUGAL
PDAC CONVENTION 2011
TORONTO, 7th March 2011

22. INVESTMENTS ON EXPLORATION
PORTUGAL
INVESTMENTS ON EXPLORATION
PDAC CONVENTION 2011
TORONTO, 7th March 2011

23. PORTUGAL
PDAC CONVENTION 2011
TORONTO, 7th March 2011

24. PORTUGAL
PDAC CONVENTION 2011
TORONTO, 7th March 2011

25. MINING INVESTMENT IN PORTUGAL - WHY?
PDAC CONVENTION 2011
TORONTO, 7th March 2011

26. SCHEDULE FOR GRANTING OF EXPLORATION RIGHTS
PORTUGAL
SCHEDULE FOR GRANTING OF EXPLORATION RIGHTS
DESCRIPTION OF THE DIFFERENT STEPS OF AN EXPLORATION
APPLICATION FOR STATE OWNED RESOURCES
TYPICAL TIMESCALE
MONTHS 1 2 3 4
GENERAL ASSESSMENT OF THE APPLICATION
APPLICATION PUBLICITY
EVALUATION OF THE APPLICATION:
AUDITION OF THE CONSULTATIVE BODIES;
CLARIFICATION OF THE PROPOSALS;
FINAL ADVICE FROM DGEG
MINISTERIAL DECISION
PDAC CONVENTION 2011
TORONTO, 7th March 2011

27. MAIN ASPECTS OF AN EXPLORATION CONTRACT
PORTUGAL
MAIN ASPECTS OF AN EXPLORATION CONTRACT
PDAC CONVENTION 2011
TORONTO, 7th March 2011

28. GOOD MINERAL POTENTIAL FOR SEVERAL SUBSTANCES
PORTUGAL
FINAL REMARKS
GOOD MINERAL POTENTIAL FOR SEVERAL SUBSTANCES
DGEG SUPPORT AND INCENTIVES
ATTRACTIVE LEGAL FRAMEWORK AND FAVOURABLE GOVERNMENT POLICY
PDAC CONVENTION 2011
TORONTO, 7th March 2011

29. Thank you for your attention
PORTUGAL
Visit Portugal booth #3229
Thank you for your attention
PDAC CONVENTION 2011
TORONTO, 7th March 2011