Euromax Resources Ltd. · TSXV:EOX
Euromax Resources — Investor Presentation (May 2013)
25 slides from Euromax Resources's investor presentation, May 2013
Slide 1: Evolving Into The Premier European Gold Producer
Evolving Into The Premier European Gold Producer Investor Presentation May 2013
Slide 2: Focused & Systematic Value Delivery
Focused & Systematic Value Delivery Proven Management Asset Quality Unique Permitting Europe Focus > Highly experienced > Significant resource base > EIS Approved and 30 year > Uniquely focused European management team: > Simple metallurgy at Ilovitza Exploitation Concession developer ex-European Go
Slide 3: The Management Team
The Management Team Key Management Board of Directors Steve Sharpe Former SVP Business Development Martyn Konig Former Executive Chairman President, CEO & Director – European Goldfields Chairman – European Goldfields Varshan Gokool Former VP & Treasurer Tim Morgan-Wynne Former CFO CFO & Director – E
Slide 4: Uniquely European Resource Base
Uniquely European Resource Base Potoj-Cuka: Bor Cu/Au Avala. Au (P) Ilovitza (Macedonia) – Flagship Development Project Valja Strz: Avala Cu/Au > Large scale copper-gold porphyry > Inferred: 4.2 Moz Au, 791 kt Cu > Indicated: 0.25 Moz Au, 51 kt Cu KMC Chelopech: Dundee Aurubis Trepca Au/Cu (P) Pirdo
Slide 5: Driving the asset pipeline forward
Driving the asset pipeline forward 2012 2013 2014 2015 2016 2017 2018 ILOVITZA Infill Drilling Exploitation Concession Agreement / EIS Approval PEA PFS PFS Urbanisation process Construction Production permit Feasibility / Detailed engineering / Base-line work Construction TRUN Resource definition dr
Slide 6: Ilovitza – The Flagship Development Project
Ilovitza – The Flagship Development Project Macedonia, mining friendly state and community LOCATION Excellent logistics - Near rail links and power DEPOSIT TYPE Au-Cu porphyry ILOVITZA Indicated resource of 24 Mt @ 0.32g/t Au and 0.21% Cu containing 0.25 Moz Au and 51 kt Cu RESOURCE Inferred resourc
Slide 7: Ilovitza – Independent PEA Summary
Ilovitza – Independent PEA Summary > PEA completed to form foundation of PFS: Base case of 8 Mtpa throughput with 12 Mtpa and 16 Mtpa throughput sensitivities > Financial results supported and Tetra Tech recommendation of 12 Mtpa to be applied to Pre-feasibility, scheduled for Q2 2013 completion > P
Slide 8: Ilovitza – A Convergence of Positives
Ilovitza – A Convergence of Positives The Asset The Management The Location The Support ! Grade Homogeneity ! Proven track record of permitting, ! Road / Rail ! Government Support ! Simple Metallurgy development, project financing ! Power ! Strong Local Support ! Open Pit ! Technical expertise in co
Slide 9: Trun – The Key Pipeline Project
Trun – The Key Pipeline Project LOCATION Bulgaria, EU Member State; Brownfield site with good infrastructure Intrusive related gold vein system with significant Ag credits DEPOSIT TYPE Non-Refractory Drilling completed on 5 veins to re-define resource base RESOURCES New Inferred mineral resource est
Slide 10: KMC – Credible Exploration Upside Potential
KMC – Credible Exploration Upside Potential Serbia, mining and investment friendly LOCATION EU application in progress Good infrastructure DEPOSIT TYPE Au-Cu skarn and porphyry system MEDENOVAC RESOURCE Copper Canyon maiden Resource targeted Q2 2013 Definition of maiden resource DEVELOPMENT • 59 hol
Slide 11: Corporate Development and Financing
Corporate Development and Financing Corporate > London corporate office up and running, corporate presence in Macedonia and Bulgaria heightened > TSX Graduation – Assessment of move from TSX.V to TSX Main Board > London Listing – Due diligence underway; assessment of potential London Listing > Conti
Slide 12: Corporate Information
Corporate Information Capitalisation Overview (1) Market cap C$ 33 M Closing Price (30 April) C$ 0.38 Share price against Market Vector Junior Gold Miners Index (GDXJ) 52 Week High C$ 1.62 52 Week Low C$ 0.39 Shares Basic 85.3 M Shares Fully Diluted (2) 97.3 M Cash C$ 8 M Debt None Major Shareholder
Slide 13: Short Term Deliverables
Short Term Deliverables !! !!! Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q1 2013 Q2 2013 Q2 2013 Q3 2013 Q3 2013 New Trun Maiden Grant of Ilovitza Management Completion KMC drilling Updated NI 43-101 Ilovitza Ilovitza drilling Ilovitza Pre- Team and of Ilovitza results 43-101 Resource at Updated Exploitation
Slide 14: Appendices
Appendices 13 Investor Presentation May 2013
Slide 15: Ilovitza Resource Base
Ilovitza Resource Base Resource Au grade Au Cu grade Cu (Mt) (g/t) (Moz) (%) (kt) ILOVITZA (MACEDONIA) Mixed + Sulphide (1) Indicated 22 0.31 0.22 0.23 51 Inferred 374 0.32 3.84 0.21 791 Oxide (2) Indicated 1.9 0.35 0.02 - - Inferred 33 0.34 0.36 - - Notes: (1) Cut off grade of 0.25% Cu Eq used calc
Slide 16: Macedonia – Mining Friendly Jurisdiction
Macedonia – Mining Friendly Jurisdiction Economy SERBIA > Prudent monetary policy – budget deficit 2.5% KOSOVO Kumanovo BULGARIA > Inflation under control 2 – 3% Skopje ALBANIA > Young, low-cost and well educated labour Tetovo Gostivar Golem Stip Korab Veles Attractive investment incentives Kičevo >
Slide 17: Ilovitza – Independent PEA Summary
Ilovitza – Independent PEA Summary 8 mtpa 12 mtpa 16 mtpa BASE CASE SENSITIVITY SENSITIVITY Mine life (years) 19 13 10 Gold Production * (koz pa) 90 133 178 Copper Production * (kt pa) 16 24 32 Cash cost ** (US$ / Au Eq. oz) 650 - 700 625 - 675 600 - 650 Initial Capex *** (US$M) 406 476 552 Pre-Tax
Slide 18: Ilovitza – Geology / Mining
Ilovitza – Geology / Mining Gold > Good continuity of gold and copper grades Potential starter pit > Potential for higher grade starter pit Pit limit > No overprinting of potassic core > Infill will allow modelling of higher grade portions Copper > Metallurgical sampling representative of potential
Slide 19: Ilovitza – Processing
Ilovitza – Processing Coarse ore stockpile > Well understood metallurgical process > Gold will be recovered by simple copper flotation ROM Sulphide ore > Will produce a clean copper/gold conc. with no deleterious elements Crushing > Recoveries of 83% Au and 90% Cu demonstrated to date – test work on
Slide 20: Trun – Exploration Potential
Trun – Exploration Potential > Intrusive related gold system > Hosted within two granite bodies > Mineralisation comprises high grade vein mineralisation within a lower grade halo Logo Ruy > Previous production from the Zlata KD deposit Nadejda > Good recovery of gold from preliminary Zlata test wor
Slide 21: Board of Directors
Board of Directors Martyn Konig, Non-Executive Chairman > Mr. Konig has 30 years experience in investment banking and the commodity markets. Until February 2012 he was Executive Chairman and President of European Goldfields Limited. He is a Non-Executive Director of TSX listed New Gold Inc. and was
Slide 22: Board of Directors
Board of Directors Pat Forward, Executive Director & Chief Operating Officer > Previously V.P Projects and Exploration at European Goldfields and prior to this worked for A.C.A Howe International Limited. Between 1990 and 1995, he managed exploration projects in Europe, Ghana and Venezuela. For the
Slide 23: Directors & Executive Management
Directors & Executive Management Dimitar Dimitrov, Senior VP Exploration > Dimitar Dimitrov holds a BSc. (Eng.) in geological engineering from Sofia Mining-Geological University. He has more than 20 years experience in the minerals industry, mainly involved in metal prospecting and exploration. He w
Slide 24: Cautionary Statements
Cautionary Statements No securities commission or similar authority in Canada of the United States has reviewed or in any way passed upon this presentation, and any representation to the contrary is an offence. No information in this presentation shall constitute an invitation to invest in Euromax R
Slide 25: www.euromaxresources.com
www.euromaxresources.com Steve Sharpe President & CEO E: [email protected] T: +44 203 667 2970 Karen Atchison Manager, Investor Relations E: [email protected] T: +44 203 667 2970