Edgewater Exploration Ltd. · TSXV:EDW.H
Edgewater Exploration — Investor Presentation (November 2012)
24 slides from Edgewater Exploration's investor presentation, November 2012
Slide 1: Corporate Presentation | Nov 2012
Corporate Presentation | Nov 2012 TSX.V:EDW
Slide 2: Forward Looking Statement
Forward Looking Statement Certain statements in this document constitute “forward looking statements” which may not be based on historical fact. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievem
Slide 3: EDW Value Opportunity
EDW Value Opportunity $79.0 Edgewater is currently valued at $14 Market Cap/oz Gold with significant shareholder potential in 2012-2013 Group Avg $35 Market Cap/oz Gold $53.0 $48.5 $41.1 $37.8 $33.1 $27.6 $23.6 $18.0 $14.4 $10.2 3 Astur Volta Edgewater Azumah Dalradian Lydian Olympus Orezone Oromin
Slide 4: Investment Highlights
Investment Highlights 100% Ownership PRO MINING, STABLE MINING JURISDICTIONS • First world, pro mining jurisdiction • Advanced Gold development project • All levels of government supportive • Expedited/fast track to mining permits in 2012 • Awarded $120M debt mandate to Credit Suisse and Barclay’s C
Slide 5: Investment Highlights
100% Ownership Investment Highlights ESTABLISHED PROJECTS CORCOESTO GOLD PROJECT, Galicia NW Spain • Preliminary Economic Assessment* • NPV 5% $340 Million • IRR 34% 51/49 Joint Venture • PAYBACK yrs 2.5 Kinross Gold Corp. • AVERAGE ANNUAL REVENUE $80M • September 2012 Edgewater sold a new 1% royalt
Slide 6: Edgewater Team
Edgewater Team George Salamis, President & CEO, Director +20 years experience directing exploration, development, and mining operations of a number of gold, base metal and coal projects, Mr. Salamis has held senior management positions with Placer Dome and Cameco Corporation and has completed M & A
Slide 7: Edgewater Capital Structure (Oct 2012)
Edgewater Capital Structure (Oct 2012) Ownership Share Structure Kinross Gold Corp Issued & Outstanding 76,705,437 5% Warrants 6,515,000 @ 1.10 (2013) Mgmt & 984,780 @ $1.10 (2012) ’22,117,750 Insiders 19% 7,806,500 @ $1.40 (2013) Retail 38% 2,436,250 @ $0.50 (2013)* Options 7,902,000 Institutional
Slide 8: Corcoesto Gold Project
Corcoesto Gold Project Unconditional support from all levels of government and community in Galicia, NW Spain An autonomous region, all mine permits granted locally at the municipal and state levels (no federal approvals required) Expedited permitting with “Strategic Industrial Project” awarded June
Slide 9: Corcoesto Permitting (Q4, 2012)
Corcoesto Permitting (Q4,2012) Unconditional support from all levels of government and community in Galicia, NW Spain Expedited permitting with “Strategic Industrial Project” awarded June 2012 Strategic Industrial Project – part of the Industrial Promotion act of Galicia Minimization of processing t
Slide 10: Corcoesto Gold Project PEA
Corcoesto Gold Project PEA 6,000 tpd Years 1-10 (Base Case $US1300/oz) Average annual production (Au oz) 102,000 Average annual net revenue ($US M) 60.0 Metallurgical recovery (%) 89.1 Strip Ratio 8.0/1 Average annual net cost ($US/oz) 713 Capital cost ($US M) (17.5% Contingency) 160 $1300/oz $1500/
Slide 11: Project / Peer Comparison
Corcoesto Project / Peer Comparison Edgewater’s Auryx Gold Corp Base Case ($1300/oz) Corcoesto Project Otjikoto Project *92% Annual Avg Production 102,000 100,000 Cash Cost $US/oz 713 725 Initial Capital Cost 135* 110 Mill Feed Grade 1.70g/t gold 1.52g/t gold Strip Ratio 8.0:1 7.3:1 Payback 3.4 yrs
Slide 12: Corcoesto Gold Project - Design
Corcoesto Gold Project - Design 12
Slide 13: Corcoesto Resource Expansion Potential
Corcoesto Resource Expansion Potential 1.5km 200m Resource expansion potential significant at depth 13
Slide 14: Corcoesto Exploration Upside
Corcoesto Exploration Upside Pozo Del Ingles Gold Zone Grade thickness long section Corcoesto Gold Project – Plan Map Open at Depth Potential extensions to structures on strike Peton de Lobo Gold Zone Grade thickness long section Current Open pit shell 14 Cova Crea Zone Open at Depth Open at Depth
Slide 15: Corcoesto 2011 Resource Estimate
Corcoesto 2011 Resource Estimate NI 43-101 Resource Summary Cutoff Tonnes Gold Contained Gold Resource Class (g/t Au) (x1000) g/t (x1000 oz) Measured 0.65 3,899 1.77 222 Indicated 0.65 1,823 1.69 103 Measured + Indicated 0.65 5,783 1.74 325 Inferred 0.65/2.0 20,265 1.76 1,149 A total of 1,101.9 m of
Slide 16: Enchi
2nd largest Enchi produce r in Cote d’Ivoire Africa 17Moz 51/49 Joint Venture with Kinross Gold 3Moz (TSX: K) +5Moz 5Moz 3Moz Mid-stage exploration comprised of 8 45Moz licenses totaling 568km2 Enchi 6Moz 290km west of the capital city Accra, 37Moz accessed via sealed roads Locating the next +3-5M o
Slide 17: Enchi Gold Project
Enchi Gold Project Analagous to Chriano and Bibiani Gold Mines Chirano covers 9km of the Bibiani Shear Zone Enchi covers 50km over the Bibiani Shear Zone Trenching and soil sampling underway Airborne geophysical survey identified +25 new targets 17
Slide 18: Enchi 2012 Inferred Resource Estimate
Enchi 2012 Inferred Resource Estimate NI 43-101 Resource Summary Cutoff Gold Zone Tonnes Contained Gold (g/t Au) g/t Boin 0.70 9,551,000 1.20 369,600 Nyam 0.70 3,633,000 1.06 123,700 Sewum 0.70 7,449,000 1.07 255,750 Total 20,627,000 1.13 749,000 1. CIM definition standards were followed for the res
Slide 19: Enchi Resource with Cut-off Range
Enchi Resource with cut-off Range NI 43-101 Resource Summary Cutoff Gold Tonnes Contained Gold (g/t Au) g/t 0.30 71,241,000 0.65 1,489,295 0.40 51,633,000 0.76 1,269,739* 0.50 37,278,000 0.89 1,063,868 0.60 27,538,000 1.01 892,682 0.70 20,627,000 1.13 749,081 0.80 15,887,000 1.24 635,200 0.90 12,644
Slide 20: Enchi Potential
Enchi Potential 3 geo-chemical anomalies over Several different targets identified with 3km long multi-million ounce potential to build Open in all directions upon 1.44g/t Au over 17m Open in all directions (900m North of Boin Zone) 1.13g/t Au over 34m Open in all directions 1.14g/t Au over 68m 2.65
Slide 21: Edgewater News Flow & Timeline
Edgewater News Flow & Timeline 2012 2013 Q1 Q2 Q3 Q4 Q1 Corcoesto Resource +35,000m Diamond Drill Program Estimate Mining Environment / Permitting Permit Feasibility Final Feasibility Study Study 21 Project Project Financing Finance Enchi Exploration work underway
Slide 22: Edgewater Summary
Edgewater Summary ($12 EV/oz mkt avg $53/oz) Spain Experienced management with mine building and project finance expertise Completed a PEA demonstrating a NPV(5%) of $340M using a $1500 gold price. EIA Submitted and Public Consultation completed (‘Strategic Industrial Project’ status) Debt/Project F
Slide 23: Contact
Contact Ryan King, Vice-President 604 628 1012 [email protected] www.edgewaterx.com
Slide 24: Corcoesto Estimated Development Timeline
Corcoesto Estimated Development Timeline 2012 2013 2014 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Corcoesto Resource +35,000m Drill Program Estimate EIA – Mine Permit Mining Permit Feasibility Construction Final Feasibility Study Study Decision Project Financing Project Finance Water License Power plant a
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