Mundoro Capital Inc. · TSXV:MUN
Mundoro Capital — Investor Presentation (August 2018)
38 slides from Mundoro Capital's investor presentation, August 2018
Slide 1: Focused Investment in Gold & Copper
TSXV: MUN Focused Investment in Gold & Copper Discovery Focused Portfolio August 2018 www.mundoro.com
Slide 2: Forward-Looking Statements
TSXV:MUN • Forward-Looking Statements: • Certain statements made during this presentation, including, without limitation, • The targets expressed throughout this presentation are based on Mundoro’s those concerning the economic outlook for the resource exploration industry, assessment of the geologi
Slide 3: Mundoro's Value Proposition
TSXV:MUN Mundoro’s Value Proposition World Class District Experienced Team District Scale Land Package in Timok Corporate Team with Experience in Capital Markets Mining Camp in Tethyan Belt Exploration Team with Experience in District Focused on Fiscal Discipline Strategic Projects Projects Located
Slide 4: Drilling for Discovery
TSXV:MUN Drilling for Discovery SERBIA PROJECTS 2018 Q1 2018 Q2 2018 Q3 2018 Q4 Dubrava/Padina Cu, Au Geophysics & Drilling Drilling JOGMEC-MUNDORO Borsko Cu, Au Geophysics & ~ 5,000 m Drilling JV PROJECTS Zeleznik Cu, Au Geophysics, Geochemistry, Target refining FREEPORT-MUNDORO JV PROJECT Cu, Au E
Slide 5: Corporate and Technical Team
TSXV:MUN Corporate and Technical Team Teo Dechev, MBA, P.Eng, ICD.D – CEO & President, Director Georgi Magaranov – Senior Exploration Manager 20+ years executive management and capital markets focused on equity research, Professional geologist with 25+ years experience in running exploration program
Slide 6: Capital Structure
TSXV:MUN Capital Structure BALANCE SHEET SHARE CAPITAL OWNERSHIP Cash & Cash Equivalents (Q1-2018) ~C$4.7 mil Shares outstanding (basic) 69,324,025 Retail ~40% Debt C$0 Options 4,352,500 Officers & Directors ~4% Warrants 12,768,625 Institutional ~55% Fully Diluted Shares Outstanding 86,445,150 US-Ba
Slide 7: Mundoro's Position in Market vs Peers
Mundoro’s Position in Market vs Peers 7
Slide 8: Market Capitalization (CAD$M)
TSXV:MUN Understanding Market Value of Junior Companies Market Capitalization (CAD$M) Prospect Generators Explorers Pre-resource Explorers Post-resource Developers 8 Source: TMX on August 1, 2018
Slide 9: Re-Rating Analysis
TSXV:MUN Re-Rating Analysis Compared to Peers Market Cap Significantly Undervalued Company Market Cap1 10 34 37 11 31 21 22 72 7 10 Serbia Finland USA Peru Location Canada Serbia Canada Canada Serbia Bulgaria Bulgaria Sweden Canada Canada Cash2 4.8 15 15.5 2.8 1.0 1.2 4.1 9 1.7 0.8 2017 Admin : Expl
Slide 10: Western Tethyan Belt
Understanding the Discovery Potential of the Western Tethyan Belt 10
Slide 11: Why Focus on the Tethyan Belt
TSXV:MUN Why Focus on the Tethyan Belt Tethyan Belt Au Cu Ni Zn/Pb U Other Total No. 154 124 28 44 22 53 425 440.6 208.5 18.5 130.6 462 Metal xx Moz Mt Mt Mt kt U 5.6% of all deposits in Tethyan Belt Eastern Europe (13 Countries) Au Cu Ni Zn/Pb U Other Total No. 49 26 15 11 18 9 128 169.0 32.9 5.0 1
Slide 12: Tethyan Belt under explored compared to other well known mineral belts
TSXV:MUN Tethyan Belt under explored compared to other well known mineral belts Eastern • Good road network and access Other • Difficult terrain – jungles, desserts, altitude • Existing smelting facilities with rail transport • Limited smelting facility access with rail Europe Districts • Access to
Slide 13: Jurisdiction Overview of Serbia & Bulgaria
Jurisdiction Overview of Serbia & Bulgaria 13
Slide 14: Serbian & Bulgarian Economies Poised for Investment
TSXV:MUN Serbian & Bulgarian Economies Poised for Investment GDP per capita over 50+ years Unemployment Rate Foreign Direct Investment, net inflows(% of GPD) 14
Slide 15: Serbia: Mining Jurisdiction
TSXV:MUN Serbia: Mining Jurisdiction Mining and geological exploration law Mining Law: updated in 2012 and 2015 EU Status: EU Candidate Since March 2012 Labor: Highly skilled and competitive labor force GDP: USD$38.3 billion Growth: 2.8% GDP per Capita1: $7,393 (1995); $13,720 (2016) Inflation (CPI)
Slide 16: Bulgaria: Mining Jurisdiction
TSXV:MUN Bulgaria: Mining Jurisdiction Mining Law: Mining law established 1999 Update in 2015 EU Status: EU Member since 2007 Labor: Highly skilled and cost competitive labor force GDP: USD$53.24 billion Growth: 3.9% GDP per Capita1: $9,297 (1995); $17,709 (2016) Inflation (CPI): 2.2% Population: 7.
Slide 17: Mundoro's Strategic Land Position in Timok
TSXV:MUN Mundoro’s Strategic Land Position in Timok 17
Slide 18: Land Position in World Class Timok District
TSXV:MUN JOGMEC – Mundoro Land Position in World Class Timok JV Projects North Timok Projects District – >100 Years of Mining History Resource Name Tonnage1 Status Operating Grade1 Majdanpek 620 Mt 0.34% Cu, Operating Open 25,000 kt/d (Cu, Au) 0.2 g/t Mundoro – Au Pit Mine JOGMEC Veliki Krivelj Nort
Slide 19: Consolidation in Timok, Serbia
TSXV:MUN Consolidation in Timok, Serbia June 2015 January 2011 Mundoro May 2018 signs with September 2013 Mundoro announces Tilva announces Take-over initiates research and November 2015 Bid for Nevsun Rosh high-grade Au zone Reservoir and Avala sign staking of land package discovery holes with in T
Slide 20: Strategic Partnering to Position Success
TSXV:MUN Strategic Partnering to Position Success JOGMEC – Mundoro Earn 51% by spending US$4M by March 2019 JV Projects • Yr1 – US$1 million – COMPLETED Phase I • Yr2 – US$1.5 million – COMPLETED US$1.9 MIL • Yr3 – US$1.5 million – Commenced April 2018 Mundoro – JOGMEC North Timok Projects Phase II
Slide 21: Timok North Properties
TSXV:MUN Timok North Properties Optioned to JOGMEC 21
Slide 22: Timok North Projects (JOGMEC)
TSXV:MUN Timok North Projects (JOGMEC) Multiple Porphyry and Epithermal Targets over 150 sqkm Target Highlights Drilling Highlights: ZELDD06: 52.3m @ 0.31% CuEq; Zeleznik East ZELDD05: 81.2m @ 0.35% CuEq; Porphyry & massive sulphides 17-ZEL-23: 52m @ 0.29% CuEq; targets 17-ZEL-25: 35m @ 0.52% CuEq,
Slide 23: Borsko: High Sulphidation & Porphyry Target
TSXV:MUN Borsko: High Sulphidation & Porphyry Target 23
Slide 24: Borsko: High Sulphidation & Porphyry Target
TSXV:MUN Borsko: High Sulphidation & Porphyry Target 24
Slide 25: Borsko: Drilling and Alteration Envelope
TSXV:MUN Borsko: Drilling and Alteration Envelope 31.2m @ 0.77g/t Au from 532.8m, Semi-massive fine-grained sooty pyrite including 8.0m @ 1.8g/t Au and 4.7g/t Ag from 535.0m Vuggy silica with massive pyrite 18.0m @ 0.17 g/t Au from 1032m, including 3.4m @ 0.33 g/t Au; 3.3g/t Ag and 0.27% Cu View Ena
Slide 26: Padina – Exploration Drilling in Q2-2018
TSXV:MUN Padina – Exploration Drilling in Q2-2018 26
Slide 27: Zeleznik: Exploration Upside
TSXV:MUN Zeleznik: Exploration Upside 27
Slide 28: Timok South Properties
TSXV:MUN Timok South Properties Mundoro 28
Slide 29: Freeport-Mundoro JV Project
TSXV:MUN Freeport-Mundoro JV Project Multiple Porphyry and Epithermal Targets over 238 sqkm • Two hydrothermal alteration trends, each 8 km long trends, primarily undercover targets • NW major structures controlling mineralisation and hydrothermal alteration similar to well known trends in the distr
Slide 30: Timok South Projects
TSXV:MUN Timok South Projects Multiple Porphyry and Epithermal Targets over 182 sqkm • Ongoing discussions for joint venture partners • Hydrothermal alteration trends along NW major structures controlling mineralisation and hydrothermal alteration; similar to well known trends in the district Target
Slide 31: Mundoro's Projects in Bulgaria
TSXV:MUN Mundoro’s Projects in Bulgaria 31
Slide 32: Mundoro's Project Portfolio
TSXV:MUN Mundoro’s Project Portfolio Bulgarian Portion of the Tethyan Belt 32
Slide 33: Panaguriste Regional Overview
TSXV:MUN Panaguriste Regional Overview Project Owner Status Tonnage Grade 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 Underground Inf: 1.8 Mt 0.96% Cu, 2.44 g/t Au (Cu, Au) M
Slide 34: Svoboda – Two Main Targets
TSXV:MUN Svoboda – Two Main Targets The 15km area of pervasive Red Hill Prospect1 Asarel Medet hydrothermal alteration Historical mineral resource of: License between the known deposits • 50,000 tones at 1.42% Cu and 0.60 g/t Au contains numerous Cu-Au (Category 331) occurrences for exploration • 0.
Slide 35: South Eastern Bulgaria Regional Overview
TSXV:MUN South Eastern Bulgaria Regional Overview Project Owner Status Tonnage Grade Operating Chala Mine 1 Gorubso Underground 1.47 Mt 9.80 g/t Au, 3.67 g/t Ag (Au, Ag, Pb, Zn) Kardzhali Mine Madjarovo Mine 2 State Closed Mine 8.6 Mt 3.0 g/t Au, 11.58 g/t Ag (Au, Ag, Pb, Zn) Dundee Open Pit Ada Tep
Slide 36: Exploration Upside through additional Epithermal & Porphyry Targets
TSXV:MUN Exploration Upside through additional Epithermal & Porphyry Targets Target Highlights Chuka 2016 drilling showed pervasive Cu-Au Copper-Gold mineralisation over the 383 meter hole length Porphyry Target Drill hole CDD-001: • 66.8m @ 0.22g/t Au starting at surface • 146.5m @ 0.40% Cu and 0.1
Slide 37: Saje Project Optioned to Third Party
TSXV:MUN Saje Project Optioned to Third Party Pb-Zn-Cu Deposit and Old Mine Optioned in Return for 2% NSR + Advance Royalty Payments License Boundary Chuka Cu-Au Porphyry Discovery Chala Gold Mine Eplika Epithermal Saje Deposit Gold Target (Lead-Zinc-Copper-Silver) (with historical drillhole locatio
Slide 38: Contact us
Contact us: +1-604-669-8055 [email protected]
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