Mundoro Capital Inc. · TSXV:MUN
Mundoro Capital — Investor Presentation (November 2019)
38 slides from Mundoro Capital's investor presentation, November 2019
Slide 1: Focused Investment in Gold & Copper
Focused Investment in Gold & Copper November 2019
Slide 2: Caution Concerning Forward-Looking Statements
TSXV:MUN Caution Concerning Forward-Looking Statements: • • Certain statements made during this presentation, including, without limitation, those • The historical mineral resource estimates at Radka and Red Hill are derived from prior data concerning the economic outlook for the resource exploratio
Slide 3: Partner Model Copper and Gold Focus
TSXV:MUN World Class District Fiscal Discipline Strategic Projects Timok, Serbia Partner Model Experienced Team Copper and Gold Focus Risk Mitigation Leveraging with Earn-ins Proven Mineral Infrastructure Belts Commodities Focused on Copper and Gold Strategic Investments 3
Slide 4: Our Milestones for 2019 and 2020
TSXV:MUN Our Milestones for 2019 and 2020 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 - MUNDORO Project Cu, Au Analysis and Results Gravity Survey 2020 Exploration Begins Drilling Generative Alliance Cu, Au Generative Field Work Decision for Project Designation - MUNDORO Projects Cu, Au CSAMT and IP Sur
Slide 5: Our Exploration Growth Pipeline
TSXV:MUN Our Exploration Growth Pipeline Region Create Value Crystallize Value JOGMEC Generative Sage (Pb, Zn, Ag) Bulgaria 3 Applications Chuka (Cu, Au) Bryastovo (Cu, Au) Svoboda (Cu, Au) FREEPORT-MUN Zeleznik Serbia 7 Applications JOGMEC VALE Target Package for Resource Project Generation Drill T
Slide 6: Our Business Model
TSXV:MUN Our Business Model PACKAGE PARTNER Target Discovery-Stage Partners sole-fund exploration through: • District-Scale Land Packages • Strategic alliances • Focused on copper and gold • Joint ventures, Earn-ins, Options • Low-cost entry level • Business transactions • Attractive for partners •
Slide 7: Generating Value Through Partner Model
TSXV:MUN Generating Value Through Partner Model PHASE 1 PHASE 2 PURCHASE OPTION CARRIED NSR ROYALTY Earn 51% by spending Earn additional 24% to reach a JOGMEC has Option to Mundoro is carried 2% Net Smelter JOGMEC – Mundoro US$4M in expenditures by total of 75% by delivering purchase an additional 5
Slide 8: Growing Partner Funding and Fees Maintaining Low Dilution
TSXV:MUN Growing Partner Funding and Fees Maintaining Low Dilution 8
Slide 9: Timok, Serbia Focus of Acquisitions from International Miners
TSXV:MUN Timok, Serbia Focus of Acquisitions from International Miners MAR 2012 SEP 2012 DEC 2014 MAR 2016 APR 2016 OCT 2019 • & Avala acquired back into & and partnership sign earn-in agreement announces first announce Cukaru-Peki announces Zeleznik MAY 2016 for exploration of 4 set of licenses in
Slide 10: Mundoro's Position in Market vs Peers
TSXV:MUN Mundoro’s Position in Market vs Peers 10
Slide 11: Enterprise Value of Generators, Explorers, Royalty & Streaming
TSXV:MUN Enterprise Value of Generators, Explorers, Royalty & Streaming Enterprise Value (CAD$M) Generators Explorers (Pre-resource) Royalty & Streaming 11 Source: TMX and Bloomberg on November 01, 2019
Slide 12: Comparable Companies
TSXV:MUN Comparable Companies Canada, USA, Serbia Canada, US, Canada, USA, Canada, Location Chile, Argentina Finland Australia, Canada, Brazil Bulgaria Germany Mexico Australia Europe Market Cap1 11 21 26 29 58 142 150 451 Cash2 2.5 3.0 11.9 22.3 2.6 10.1 79.6 35.4 Enterprise Value3 7 17 14 7 75 116
Slide 13: Our Shareholder Base and Share Price History
TSXV:MUN Our Shareholder Base and Share Price History BALANCE SHEET (CAD$, Q2 2019) SHARE CAPITAL 69,324,025 4,325,500 8,601,958 82,278,483 2 $ .5 MILLION Cash & Cash $ 0 Shares Options Warrants Fully Diluted Equivalents Debt Outstanding (Basic) (exercise price $0.20) Shares Outstanding SHARE PRICE
Slide 14: Our Team & Advisors
TSXV:MUN Our Team & Advisors Teo Dechev John Hoey Michael Calyniuk Graham Brown MBA, P.Eng, ICD.D Non-Executive Chairman, Independent Director Independent Director CEO, President and Director Governance and Nominating Audit Committee Chair Compensation Committee Committee Chair Chair Christopher Won
Slide 15: Understanding the Discovery Potential of the Western Tethyan Belt
TSXV:MUN Understanding the Discovery Potential of the Western Tethyan Belt 15
Slide 16: Why Explore the Tethyan Belt
TSXV:MUN Why Explore the Tethyan Belt Au Cu Ni Zn/Pb U Other Total # Deposits 154 124 28 44 22 53 425 Contained 440.6 Moz 208.5 Mt 18.5 Mt 130.6 Mt 462 kt Metal Gold • Tethyan Belt hosts 5.7% of the world’s deposits Copper • 30% of all Tethyan deposits are in Eastern Europe; Nickel • 39% of the gold
Slide 17: Strategic Importance of the Tethyan Belt
TSXV:MUN Strategic Importance of the Tethyan Belt 17
Slide 18: Mundoro's Project Portfolio in Tethyan Belt
Mundoro’s Project Portfolio in Tethyan Belt TSXV:MUN
Slide 19: Jurisdiction Comparison of Serbia & Bulgaria
TSXV:MUN Jurisdiction Comparison of Serbia & Bulgaria 19
Slide 20: Comparison of Jurisdictions
TSXV:MUN Comparison of Jurisdictions Sweden Serbia Bulgaria Mexico Canada Chile Location Scandinavian Peninsula - Europe Southeastern Europe North America – South of USA North America South America Mining History Sweden has a history dating back Dating back to the Middle Ages. Source of base and pre
Slide 21: Projects in Serbia
TSXV:MUN Projects in Serbia 21
Slide 22: Timok Regional Overview: District with 100 Years of Mining History
TSXV:MUN Timok Regional Overview: District with 100 Years of Mining History Majdanpek1 (Cu, Au) Veliki Krivelj Mine1 (Cu, Au) Bor Mine1 (Cu, Au) Cukaru Peki (Cu, Au) Operating Open Pit Mine Operating Open Pit Mine Development Project Development Project 620 Mt @ 0.34% Cu, 0.20 g/t Au 137 Mt @ 0.35%
Slide 23: JOGMEC – Mundoro Project
TSXV:MUN JOGMEC – Mundoro Project 23
Slide 24: Borsko: High Sulphidation & Porphyry Targets
TSXV:MUN Borsko: High Sulphidation & Porphyry Targets • In May 2019, JOGMEC elected to proceed to Phase 2 to sole fund exploration in 2019. • Next Milestone: Drilling testing program to be completed in Q4-2019 to further test geophysical targets. 24
Slide 25: Freeport-Mundoro Projects
TSXV:MUN Freeport-Mundoro Projects 25
Slide 26: Freeport-Mundoro Projects
TSXV:MUN Freeport-Mundoro Projects Porphyry and Epithermal Targets over 238 sqkm • Freeport completed Bor Mine Complex US$1 million expenditures between October Cukaru Peki 2018 to March Sumrakovac Deposit 5 Kilometres 2019. • Next Milestone: Complete geophysics, Osnic alteration mapping, interpreta
Slide 27: Vale – Mundoro Projects
TSXV:MUN Vale – Mundoro Projects 27
Slide 28: Vale – Mundoro Projects: Four Timok Licenses
TSXV:MUN Vale – Mundoro Projects: Four Timok Licenses Dubrava & Padina (Cu, Au) Sumrakovac (Cu, Au) Osnic (Cu, Au) Structural Corridor of Veliki Krevili Skorusa Porphyry (West and Tilva Mare Target Porphyry Porphyry & Epithermal Targets East Zones) and Epithermal Potential Majdanpek Veliki Krivelj M
Slide 29: Further Exploration in South Timok with Vale-Mundoro JV
TSXV:MUN Further Exploration in South Timok with Vale-Mundoro JV • Directly west of the Rakita Veliki Krivelj Bor JV between Zijin and Cukaru Peki Freeport Borsko • Southwest of the main Zijin Skorusa Bor Copper mining complex • Exploration has to date Tilva Mare outlined geochemical, geophysical an
Slide 30: What makes the east flank of Timok interesting exploration package?
TSXV:MUN What makes the east flank of Timok interesting exploration package? Miocene sediments Andesitic tuff and agglomerate Timocite Limestone Vale - Mundoro License • Directly east of the main Bor Mine • Southeast of Krivelj Mine • Exploration has to date been limited • Next step: Testing of stru
Slide 31: Projects for Optioning
TSXV:MUN Projects for Optioning 31
Slide 32: Timok Projects Available for Optioning
TSXV:MUN Timok Projects Available for Optioning Zeleznik (Cu, Au) West Zone and East Zone Porphyry & Epithermal Targets Majdanpek Veliki Krivelj Mine Bor Mine Cukaru Peki 32
Slide 33: Why is Zeleznik Exciting?
TSXV:MUN Why is Zeleznik Exciting? • West Zone Cu-Au porphyry discovery 1.5 km from the Majdenpek Mine • East Zone Massive Sulphides & porphyry discovery • Exploration has to date been limited • Expansion drilling required to expand known zones 33
Slide 34: Bulgaria: Panagyurishte Regional Overview
TSXV:MUN Bulgaria: Panagyurishte Regional Overview Mines & Projects in Company Status Tonnage Resource Grade the District Elatsite Mine1 Geotechmin Operating 356 Mt 0.39% Cu, 0.17 g/t Au (Cu,Au) Group Open Pit Mine Chelopech Dundee Operating M+I: 12.6 Mt 1.08% Cu, 3.45 g/t Au Mine2 Precious Undergro
Slide 35: Panagyurishte: Svoboda High Sulphidation and Porphyry Potential
TSXV:MUN Panagyurishte: Svoboda High Sulphidation and Porphyry Potential Chelopech Mine Auribus Smelter In operation from 1928 to 1997 with Medet Mine total production of: Asarel Medet Mine • 6.4 Mt at 1.06% Cu and 3g/t Au Radka Historical mineral resource of: 15km of pervasive • 2.02 Mt at 0.57% Cu
Slide 36: Bulgaria: Rhodopes Regional Overview
TSXV:MUN Bulgaria: Rhodopes Regional Overview Project Company Status Tonnage Resource Grade Operating Chala Mine1 Gorubso Underground 1.47 Mt 9.80 g/t Au, 3.67 g/t Ag (Au, Ag, Pb, Zn) Kardzhali Mine Madjarovo Mine2 3.0 g/t Au, 11.58 g/t Ag State Closed Mine 8.6 Mt (Au, Ag, Pb, Zn) 0.66 % Zn, 1.27 %
Slide 37: Rhodopes: Exploration Upside through Epithermal & Porphyry Targets
TSXV:MUN Rhodopes: Exploration Upside through Epithermal & Porphyry Targets Target Highlights Bryastovo Copper – Gold high sulphidation and Chuka Target: Bryastovo Target: Porphyry Target Cu-Au Porphyry Copper & Gold • Historical Reserves of 5.4Mt @3.93% Pb, 0.96% Zn, 0.37% Cu Saje Project: Chuka 20
Slide 38: Contact us
TSXV:MUN Contact us: +1-604-669-8055 [email protected] Follow us: 38
Mundoro Capital — Investor Presentation (November 2019) on 6ix