Euromax Resources Ltd. · TSXV:EOX
Euromax Resources — Investor Presentation (January 2020)
18 slides from Euromax Resources's investor presentation, Jan 14, 2020
Slide 1: Committed to building long-term stakeholder value at the Ilovica-Shtuka Project
www.euromaxresources.com Committed to building long-term stakeholder value at the Ilovica-Shtuka Project in North Macedonia through development and responsible mining Euromax Resources Ltd. | TSX: EOX
Slide 2: Disclaimer
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Disclaimer This presentation contains statements that are forward-looking, such as those relating to results of operations and financial condition, capital spending, financing sources, commodity prices, mineral resources and property evalu
Slide 3: The Ilovica-Shtuka Project
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com The Ilovica-Shtuka Project • In the heart of Europe, South-Eastern Macedonia • Porphyry copper-gold deposit • Low strip open pit • Homogenous orebody with metallurgy receptive to basic, traditional, low-cost processing • Bulk tonnage • Sim
Slide 4: Feasibility Study Results
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Feasibility Study Results Mineral Reserve Pre-tax NPV(5%/8%) US$ 513m / US$ 347m IRR: 19.8% o 2 Million oz Gold Post-tax NPV(5%/8%) US$ 440m / US$ 285m o 900 Million lbs Copper IRR: 17.8% Initial capex (Inc. Contingency) US$ 474.3 million
Slide 5: Geology
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Geology • 1.5 km in diameter porphyry system, associated with a poorly exposed dacite-granodiorite plug • Resource drilling completed to nominal 50m spacing • A total of 42,032m have been drilled for 130 drillholes • Consistent mineralisat
Slide 6: Mining
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Mining • Strip Ratio 1:1 – open pit • Conventional drilling and blasting together with shovel and trucks supported by a fleet of ancillary equipment • Two hydraulic shovels with a fleet of up to 19 rigid dump trucks • Based on 0.17% Cu cut
Slide 7: Processing
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Processing • 10Mt pa throughput • Primary gyratory in pit crusher with conveyor from pit to plant • SAG mill with two ball mills • Flotation to a clean copper concentrate 2. Crushing 3. Grinding and Flotation 4. Thickening 1. Mining 5. Tai
Slide 8: Tailings Management Facility
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Tailings Management Facility Starter Wall (625 masl) Tailings Sterile Rockfill – Downstream Construction • Downstream method of construction and wall raising Conservative slopes to safeguard the long term integrity Final Embankment (776 ma
Slide 9: Logistics
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Logistics • Bulk flotation - produces clean concentrate of 24% Cu & 24g/t Au • 60,000 – 100,000 tpa concentrate production using 30t trucks • Road Transportation (A3 Motorway) directly to the Pirdop smelter at costs of US$26.4 per tonne of
Slide 10: Regional Infrastructure
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Regional Infrastructure Power Distribution Power infrastructure based on new 110 kV overhead transmission lines from existing substations at Berovo and Sushica Water Supply Water pumping scheme maximises water retention from tailings and e
Slide 11: Capex & Opex
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Capex & Opex Initial Capex Breakdown (US$m) Operating Costs (US$/t ore) • Strip Ratio 1:1 Mining & Fleet $75.2 Mining (average – inc. labour) $3.54 • US$ 1.8/t of material moved Processing $6.73 Processing Plant $199.6 Labour $0.88 Owner’s
Slide 12: Environmental and Social Aspects
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Environmental and Social Aspects Macedonian Regulative & International best practice standards governing the mining sector EBRD Performance Standards| Equator Principles III Environmental Baseline Social Baseline • Water monitoring • Socio
Slide 13: N. Macedonia
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com N. Macedonia • Former Yugoslav Republic • Independent since 1991 Parliamentary democracy • EU & Nato Candidate Country • Leading Parties: SDSM (Current Prime Minister) VMRO DPMNE (Past 10 yrs) • Population – 2.1 million (41.5% under the ag
Slide 14: Mining in N. Macedonia
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Mining in N. Macedonia Serbia MINSTROY HOLDING TORANICA – Kriva Palanka GENESIS RESOURCES Lead, Zinc and Silver PLAVICA – Kratovo Gold, Copper and Zinc CAML SASA - MK Kamenica Lead, Zinc and Silver MINSTROY HOLDING ZLETOVO – Probishtip Lea
Slide 15: Permitting
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Permitting Delayed since 2016 In early 2016, Euromax requested the merger of its two concessions to allow Euromax to submit the required documentation for its Exploitation Permit application. All outstanding documentation and approval pr
Slide 16: Shareholders
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Shareholders Trafigura & Geotechmin Galena’s fund now a key partner Capitalisation Overview Market cap C$ 11.6 M Financed US$4 million in 2018 Closing price (Jan 2020) C$ 0.03 52 Week High C$ 0.17 Completed significant level of due dil
Slide 17: Euromax Board
Euromax Resources Ltd. | TSX: EOX | www.euromaxresources.com Euromax Board Varshan Gokool, President & CEO Martyn Konig, Non-Executive Director • Extensive project finance experience. • +30 years’ experience in banking and commodities. • Corporate and banking background, including European Goldfield
Slide 18: Contact
www.euromaxresources.com Varshan Gokool Patrick Forward Nikola Gulev President & CEO Chief Operating Officer Chief Financial Officer [email protected] [email protected] [email protected] Euromax Resources Ltd. | TSX: EOX | ww.euromaxresources.com
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