Euromax Resources Ltd. · TSXV:EOX
Euromax Resources — Aldridge Minerals — Investor Presentation (March 2017)
24 slides from Euromax Resources's investor presentation, Mar 5, 2017
Slide 1: Metal Riches of the Western Tethyan Belt
Metal Riches of the Western Tethyan Belt Corporate Presentation I March 5, 2017
Slide 2: Cautionary Statement
Cautionary Statement Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Any statements that express or involve discussions with respect to predictions, expectati
Slide 3: Turkey: A Highly Prospective Mining Destination
Turkey: A Highly Prospective Mining Destination www.aldridgeminerals.ca | TSX-V: AGM 3
Slide 4: Turkey: Key Differentiators
Turkey: Key Differentiators Strong Support for Mining in Turkey • No. 1 gold producer in Europe • More than 10 mines developed in the last 15 years • Significant investment incentives • Favorable royalty regime • Further incentives are being considered to attract FDI • Highly productive and low cost
Slide 5: Aldridge Investment Highlights
Aldridge Investment Highlights High-Quality Asset • High-grade open pit VMS deposit—2.3Moz at 2.42g/t AuEq • Polymetallic nature provides revenue diversification and exposure to zinc • Exploration upside with 90% of property unexplored • Key infrastructure in place • Conventional flowsheet with clea
Slide 6: Investment Highlights
Investment Highlights Clear Pathway to Project Financing • Strong interest from potential project financiers • High-margin, low-capex with by-product credits provides numerous financing options De-Risked Execution • CEO and technical team based in Turkey • Support of key shareholders and local partn
Slide 7: Significant Cash Flow Generation Potential
Significant Cash Flow Generation Potential EBITDA by Year AVERAGE EBITDA PER YEAR LIFE OF MINE EBITDA 200 180 $84 million over 12 year mine life $1.0 billion 160 EBITDA (US$M) 140 120 100 80 60 40 20 - 1 2 3 4 5 6 7 8 9 10 11 12 Year Revenue by Metal Revenue by Product PRODUCTION Lead Life of Mine A
Slide 8: Attractive Location and Site Conditions
Attractive Location and Site Conditions N OUTCROPS 100 sq. km concession PLANT EGLENCE PIT VILLAGE TMF TAILINGS CLEAN Waste Rock WRD BEACH WATER Dump (WRD) pit POND backfill (starts Year 5) TAILINGS POND 1 km INFRASTRUCTURE IN PLACE: ROAD, RAIL, PORT, POWER, WATER, LABOUR 10 YEARS ESTABLISHING STRON
Slide 9: Shallow Open Pit
Shallow Open Pit Simplified Longitudinal Section Of The Yenipazar Au-Ag-Cu-Pb-Zn Massive Sulphide Deposit, Central Turkey NORTH SOUTH OPEN ALONG STRIKE (TO THE NORTH) www.aldridgeminerals.ca | TSX-V: AGM 9
Slide 10: High-Grade Reserve Base
High-Grade Reserve Base RESERVE ESTIMATE: April 15, 2014 Contained Metal Probable Au Ag Cu Pb Zn NSR Au Ag Cu Pb Zn Tonnage Reserves (g/t) (g/t) (%) (%) (%) ($/t) (M oz) (M oz) (M lbs) (M lbs) (M lbs) Oxide 3,214,000 0.83 23.2 0.24 0.96 0.54 42.24 0.09 2.40 16.67 68.02 38.31 Cu-Enriched 2,547,000 0.
Slide 11: Low Capital & Operating Costs
Low Capital & Operating Costs PRE-PRODUCTION CAPITAL COSTS LIFE OF MINE OPERATING COSTS2 DIRECT US$M US$/t US$M milled Pre-production development $20 Mining - contractor 235 8.06 Mine equipment $0 Mining - owner 24 0.83 Process plant and equipment $63 Processing 498 17.06 Tailings & waste rock dump
Slide 12: Significantly Discounted Value
Significantly Discounted Value P/NAV OPPORTUNITY FOR INVESTORS Advanced-Stage Project Trading at a Discount to its Peers 1.2x Feasibility Study 1.0x 1.0x Pre-Feasibility Study PEA 0.8x 0.8x 0.7x 0.7x 0.7x 0.6x 0.3x (1) 0.1x 0.1x Source: Company filings and S&P Capital IQ 1Based on Optimization Study
Slide 13: Value Creation Milestones
Value Creation Milestones May 2013 • Feasibility Study Filed; Project earn-in completed March 2014 • EIA Permit Received May 2014 • GSM Permit Received May 2014 • Operating Permit Received May 2014 • Optimization Study Filed October 2014 • Land Purchases Commence June 2015 • Public Ben
Slide 14: Experienced Team: Diverse Skill Set
Experienced Team: Diverse Skill Set BOARD SENIOR MANAGEMENT Barry Hildred CEO & Director of Aquila Resources; Han Ilhan Professional engineer; 26 years at URS Chairman founder of The Equicom Group. President & CEO leading global mining practice. Baran Baycan Founder of Baycan Law Firm, Turkey; Jim O
Slide 15: Investment Highlights
Investment Highlights High-Quality Asset Attractive Project Economics Significant Value-Creation Potential Clear Pathway to Project Financing De-Risked Execution HIGH-QUALITY UNDER-VALUED INVESTMENT OPPORTUNITY www.aldridgeminerals.ca | TSX-V: AGM 15
Slide 16: Appendix
APPENDIX INVESTOR CONTACT David Carew Director IR T: +1 (416) 477-6984 www.aldridgeminerals.ca
Slide 17: Corporate Capital Structure
Corporate Capital Structure Shares Outstanding 107.0 million Stock Options 8.0 million (avg. price C$0.24) Warrants 0.0 Fully Diluted 115.0 million Director/Management Ownership 3.0% 52 Week Range C$0.120 - C$0.335 Recent Price C$0.275 Market Cap C$29.4 million Top Institutional Holders 1. ANT Holdi
Slide 18: Last Twelve Months Share Price Performance
Last Twelve Months Share Price Performance 450,000 AGM-V: LTM Share Price Performance $0.35 400,000 $0.30 350,000 $0.25 300,000 $0.20 250,000 200,000 $0.15 150,000 $0.10 100,000 $0.05 50,000 0 $- Volume Close www.aldridgeminerals.ca | TSX-V: AGM 18
Slide 19: Project Background
Project Background Owner Aldridge Minerals Inc. (TSX-V:AGM) – 100% (Alacer Gold Corp. maintains a NPI) Project Location Tethyan mineral belt, Central Turkey Geology Metamorphosed volcanogenic massive sulphide Mining Operation Conventional open pit utilizing contract mining Strip Ratio 4.3 : 1 (4 : 1
Slide 20: Exploration Upside
Exploration Upside Significant upside potential to the North • 90% of concession unexplored • Drill holes located on the boundary of the reserve area confirmed mineralization extending to the north • Indicated grades for both precious and base metals are higher than the average grades reported for t
Slide 21: Conventional Process Flowsheet
Conventional Process Flowsheet CRUSHING SIMPLE & PROVEN TECHNOLOGY GRINDING AND CLASSIFICATION FLOTATION TAIL GRAVITY CIRCUIT CU FLOTATION GOLD LEACHING PB FLOTATION (DORÉ) ZN FLOTATION TOTAL RECOVERIES - SULPHIDE ZONE YEARS 1-4 Au: 82% Ag: 72% Zn: 62% Cu: 75% Pb: 73% YEARS 5-11 Au: 79% Ag: 76% Zn:
Slide 22: Yenipazar: Recoveries by Ore Type
Yenipazar: Recoveries by Ore Type Total Zinc Copper Lead Metal Doré Recoveries Concentrate Concentrate Concentrate Gold 82% 71.5% 1.5% 9% 0% Silver 72% 2.5% 10% 9.5% 50% Sulphide Copper 75% - - 75% - Yrs 1 – 4 Lead 73% - - - 73% Zinc 62% - 62% - - Gold 79% 65% 4% 10% 0% Silver 76% 4% 11% 10% 51% Sul
Slide 23: Yenipazar: Resource & Reserve Estimate
Yenipazar: Resource & Reserve Estimate RESOURCE ESTIMATE Contained Metal Tonnage Au Ag Zn Cu Pb Au Eq Au Ag Zn Cu Pb AuEq (kt) (g/t) (g/t) (%) (%) (%) (g/t) (M oz) (M oz) (M lbs) (M lbs) (M lbs) (M oz) Indicated 29,669 0.95 31.3 1.47 0.31 1.01 2.42 0.90 29.9 961.2 204.8 660.2 2.30 Inferred 369 0.47
Slide 24: Investor Contact
INVESTOR CONTACT David Carew Director IR T: +1 (416) 477-6984 www.aldridgeminerals.ca
Aldridge Minerals — Investor Presentation (March 2017) on 6ix