Goldmining Inc. · TSX:GOLD
Goldmining — Brazil Resources — Investor Presentation (December 2016)
22 slides from Goldmining's investor presentation, December 2016
Slide 1: Brazil Resources Inc.
BRAZIL TSX-V: BRI OTCQX: BRAZILRESOURCES.COM RESOURCES INC PEOPLE.
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Brazil Resources with respect to its business and future events including statements regarding Brazil Resources’ growth strategy and exploration plans. Forwa
Slide 3: The Case for Brazil Resources (BRI)
The Case for Brazil Resources (BRI) • 10.3 million oz gold global M+I Whistler resource1. Rea • 7.8 million oz gold global Inferred resource1. • Strong insider ownership of 25%. Titiribi Cachoeira Sao Jorge • Strategy to acquire projects with Surubim Boa Vista drilled off resources. • Uranium option
Slide 4: Resource Growth Over the Last Years
Resource Growth Over the Last 5 Years 12 MOz Inferred Indicated 10 MOz 8 MOz Resource growth Gold Equivalent Ounces with minimum shareholder dilution 6 MOz 4 MOz 1,035,200 691,676 537,756 715,000 2 Moz 503,000 10,424,000 12,583,000 2,797,000 6,210,000 6,731,000 3,440,000 336,000 0 MOz Boa Vista Suru
Slide 5: Acquisitions Near Bottom of the Gold Cycle
Acquisitions Near Bottom of the Gold Cycle 3000 2500 TSX-V Index Closing Price (C$) Commodity 2000 Bull Market Cachoeira 1500 Acquisition Titiribi 1000 Sao Jorge Acquisition Acquisition 500 Commodity Bear Market Whistler Acquisition 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 Year Source:
Slide 6: Brazil Resources at a Glance
Brazil Resources at a Glance Share Structure Coverage Analyst Issued & Outstanding 118.4 M Cantor Fitzgerald Rob Chang Options 2.9 M H.C. Wainwright Heiko Ihle Warrants 14.1 M Fully Diluted 135.4 M 40% Financial 25% Cash (no debt, CAD) ~$21 M Closing Price (BRI – TSX Ventures) $2.05 Closing Price (B
Slide 7: Our Strategic Partner in Latin America
Our Strategic Partner in Latin America • Latin America’s foremost merchant bank established in 1975. • Brasilinvest is a major shareholder and strategic partner of BRI. • By net assets one of the top 50 private groups in Brazil. • Brasilinvest has completed ~US$16 billion of investments in Brazil. 7
Slide 8: Para State Projects
Para State Projects • Four projects encompassing 1.5 Moz indicated and 2.4 Moz inferred gold in Para State. • Corporate tax rate of 15.25% in Para State compared to 34% in other states. • Road access, grid power & water. Cachoeira Para State Resources Para State, Brazil Project Indicated Inferred Sa
Slide 9: Sao Jorge – Leading Position in Prolific Gold District
Sao Jorge – Leading Position in Prolific Gold District Market Cap: C$3.6 B Market Cap: C$56M Market Cap: C$154 M Market Cap: C$48 M 9 TSX-V: BRI / OTCQX: BRIZF / BRAZILRESOURCES.COM
Slide 10: Sao Jorge – Rapidly Improving Infrastructure
Sao Jorge – Rapidly Improving Infrastructure • Large land holding (55,930 Ha). • Adjacent to paved highway with a surplus of low cost hydro-electric grid power. • Novo Progresso • 60,000 inhabitants; human capital to support mine development. • Commercial airport provides link to Belem. • No garimpe
Slide 11: Sao Jorge – Indicated Resource Grading 1.54 g/t Gold
Sao Jorge – Indicated Resource Grading 1.54 g/t Gold Sao Jorge Resource (0.3 g/t cut-off)1 • Near surface mineralization amenable to open pit extraction. Gold Grade Gold Classification Tonnes (g/t) (oz) • Disseminated and stockwork Indicated 14.42 1.54 715,000 style mineralization over wide widths.
Slide 12: Sao Jorge Deposit – Over US$40 million in Prior Exploration
Sao Jorge Deposit – Over US$40 million in Prior Exploration 12 TSX-V: BRI / OTCQX: BRIZF / BRAZILRESOURCES.COM
Slide 13: Sao Jorge – Deposit Drilling
Sao Jorge – Deposit Drilling 13 TSX-V: BRI / OTCQX: BRIZF / BRAZILRESOURCES.COM
Slide 14: Cachoeira Project – Overview
Cachoeira Project – Overview Cachoeira Resource (0.35 g/t cut-off)1 Gold Grade Gold Classification Tonnes (g/t) (oz) Indicated 17.47 1.23 692,000 Inferred 15.67 1.07 538,000 • Three deposits hosted within the Gurupi Greenstone Belt. Cachoeira • Deposits amenable to open pit Para State, Brazil extrac
Slide 15: Titiribi – Overview
Titiribi – Overview Titiribi Resources (0.3 g/t gold cut-off)1 Gold Gold Copper Copper Gold Eq Gold Eq Classification Tonnes (g/t) (Moz) % (Mlbs) (g/t) (Moz) M+I 285.8 0.50 4.63 0.11 654.3 0.68 6.22 Inferred 207.9 0.49 3.25 - 77.9 0.51 3.44 • 6.22 Moz gold equivalent M+I. Medellin • 3.44 Moz gold eq
Slide 16: Titiribi – Excellent Infrastructure
Titiribi – Excellent Infrastructure Compared to many other porphyries in the high Andes, Titiribi is located at low elevation with large water source, paved roads to site and nearby power and rail lines. • Located 70 km southwest of Medellin. • 90 minutes by car on paved roads from Medellin. • Rail
Slide 17: Mid-Cauca Porphyry Belt – Multi-Million Ounce Gold Deposits
Mid-Cauca Porphyry Belt – Multi-Million Ounce Gold Deposits • Exploration • San Matias/Cordoba Minerals Mid-Cauca Porphyry Belt • La Cumbre/Batero • Titiribi/Brazil Resources San Matias/Cordoba Minerals • Quebradona/AngloGold Ashanti Buritica/Continental Gold • La Mina/Bellhaven Copper & Gold San Ra
Slide 18: Whistler Project – Overview
Whistler Project – Overview Whistler Resources (0.3 g/t AuEq cut-off) Gold Gold Copper Copper Gold Eq Gold Eq Classification Tonnes (g/t) (Moz) % (Mlbs) (g/t) (Moz) Indicated 110.3 0.50 1.77 0.14 343.1 0.79 2.80 Inferred 311.3 0.47 4.63 0.11 713.5 0.68 6.73 • 2.80 Moz gold equivalent Indicated. • 6.
Slide 19: Whistler Project – Satellite Deposits & Targets
Whistler Project – Satellite Deposits & Targets Snow Ridge Puntilla Looking NW Round Mountain Whistler Spur Targets Long Lake Hills Raintree W Puntilla Airstrip 172 m @ 1.13 g/t Au, 0.18% Cu, Raintree N 2.25 Moz Au Eq. indicated 3.9 g/t Ag within 453.2 m of 0.72 3.35 Moz Au Eq. inferred* g/t Au, 0.1
Slide 20: Rea Uranium Project – Western Athabasca Basin
Rea Uranium Project – Western Athabasca Basin • Acquired through the acquisition of Brazilian Gold in Dec. 2013. • $10 M in exploration. • District scale land holdings in the western Athabasca Basin – 125,000 hectares. • Brazil Resources owns 75% and AREVA owns 25%. • Surrounds Areva’s high-grade Ma
Slide 21: BRI NI 43-101 Resource Statement
BRI NI 43-101 Resource Statement Project Cut-off Tonnes Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq (g/t) (Mt) (g/t) (g/t) (%) (g/t) (Moz) (Moz) (Mlbs) (Moz) Measured Resources Cerro Vetas 0.3 51.600 0.49 - 0.17 0.82 - 195.10 1.290 Indicated Resources Sao Jorge 0.3 14.420 1.54 - - 1.54 0.7
Slide 22: TSX-V: BRI / OTCQX: BRIZF / BRAZILRESOURCES.COM
22 TSX-V: BRI / OTCQX: BRIZF / BRAZILRESOURCES.COM
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