Serabi Gold PLC · LSE:SRB
Serabi Gold — Investor Presentation (December 2020)
24 slides from Serabi Gold's investor presentation, December 2020
Slide 1: Corporate Presentation December 2020
Corporate Presentation December 2020 Brazil-focused Gold Producer, Developer & Explorer
Slide 2: Disclaimer
Disclaimer This presentation, and any ancillary documents relating to it, any oral presentation and any question or answer session (together, the "Presentation'') have been prepared and issued by Serabi Gold pic (the "Company"). This Presentation is being supplied to you solely for information purpo
Slide 3: Why Serabi?
Why Serabi? Operational experience – what are reasons for our success? Growth - mine-site & regional exploration targeting >3Moz Consolidation - Brazilian gold juniors would benefit from consolidation - Serabi is committed to delivering this Undervalued relative to peers – multiple value drivers 3
Slide 4: Brazil focused gold producer offering significant growth
Brazil focused gold producer offering significant growth Palito - Stable production base since 2014 • High grade gold deposit with history of resource replacement Significant • Growing to 50koz pa through ore-sorting Accretive re-rating M&A Coringa – A low-risk, low-cost development Exploration targ
Slide 5: Why the Tapajos?
Why the Tapajos? The Tapajos Region1 • Pará State, Northern Brazil • World’s third largest alluvial gold field • 20-30Moz of artisanal production reported • However only 7Moz of hard-rock resource discovered in 7 deposits – all around historic artisanals • Serabi remains sole producer • Attracting i
Slide 6: Serabi – a Pará Company
Serabi – a Pará Company Serabi’s advantage in Tapajos • First mover & only hard-rock producer • 20 years of operating history • Operating “at front door” • Significant land-position • Systematic baseline exploration completed & priority targets identified • Strong ESG commitment Environmental Social
Slide 7: Corporate overview
Corporate overview • Significant re-rating potential to trade in line with peers Capital Structure (based on average EV/ 2019 production ounce multiple) Tickers LSE:SRB, TSX:SBI • No value attributed to Coringa or exploration upside Share Price (21 December 2020) £0.88 / C$1.58 Ordinary Shares 59.1m
Slide 8: Palito Complex: Consistent production
Palito Complex: Consistent production • 40koz pa from two high grade underground Gold production (koz) Tonnes mined (kt) deposits feeding central plant 168.9 162.7 176.2 172.8 39.4 40.1 158.9 37.0 37.1 33.0 135.8 32.6 • Succeeded in Brazil why? 76.5 • Experienced underground workforce 18.5 • Excelle
Slide 9: Coringa
Coringa SERABI Discrete Color M: Discrete _Lithology’, Color Maj £ leapfrog £ leapfrog
Slide 10: The Coringa Project – low risk & low cost growth
The Coringa Project – low risk & low cost growth Doubling of production PEA Summary • Low delivery risk Annual production 38koz(1) • A carbon-copy of Palito – 200km to south Mine life 9 years • Processing will use tailings filtration – no tailings dam Average mined grade 8.34g/t • Camp, lab, worksho
Slide 11: Coringa – a long-life asset
Coringa – a long-life asset Exploration upside • Current resource underlies 1.5km of artisanal workings in 8km artisanal trend • All lying within 30km of anomalous soil geochemistry – remainder is untested • Multiple major mineralised structure identified • Resource has strong IP signature – further
Slide 12: Regional growth
S ta SERABI GOLD Regional growth 12
Slide 13: Priority exploration targets
Priority exploration targets We are focusing on 4 areas in the Palito tenement: 1 – Near-mine Palito 2 – Near-mine Sao Chico 3 – Sao Domingos 4 - Calico Palito and Sao Chico • established, advanced deposits • remain open in all directions • drilling to increase resources Sao Domingos • multiple, ver
Slide 14: Near-mine Palito
Near-mine Palito 1 km long resource within an 8 km mineralisation corridor • The Palito Resource (~400koz) defined by the mining limits covers a strike length of up to a maximum of 1km • Drilling beyond the mine limits has identified Palito style mineralisation up to 3km beyond the mine limits • The
Slide 15: Near-mine Sao Chico - multiple prospects
Near-mine Sao Chico - multiple prospects • The Sao Chico deposit and current resource covers a strike length of ~600m. • Step out drilling most notably to the west has confirmed mineralised extension for 375m and suggests the Sao Chico mineralization will in fact continue to the Cicada target. • The
Slide 16: Sao Domingos
Sao Domingos • A highly prospective property that hosts three artisanal mines working a 600m long structure • The Toucano pit mined a 15- 20m wide mineralised zone, with channel sampling recording ~13g/t Au over an 18m width • Channel sampling and drilling is now underway on the adjacent workings 30
Slide 17: Palito Complex: Aeromagnetics
Palito Complex: Aeromagnetics Airborne Geophysics covers majority of tenement 17
Slide 18: Palito Complex: Aeromagnetics & Airborne EM
Palito Complex: Aeromagnetics & Airborne EM Tenement lies within the Tocatinzinho Zone – a mineralised corridor hosting all the known deposits of the Tapajos 18
Slide 19: Palito Complex: Coincident Geophysics, Geochemistry & Garimpos
Palito Complex: Coincident Geophysics, Geochemistry & Garimpos Multiple targets - coincident geophysical and geochemical anomalies as well as many current and past gold workings 19
Slide 20: Maximising shareholder returns
Maximising shareholder returns Proven producer generating free cash flow Coringa - Low risk, low cost doubling of production Mine-site & regional exploration targeting >3Moz Seeking accretive M&A Significant re-rating potential 20
Slide 21: Appendix
Hf A SERABI GOLD Appendix
Slide 22: Key Board and Management
Key Board and Management Mike Hodgson (CEO) – over 30 years worldwide Nicolas Banados (Non-exec Chairman) – MD of PE at Megeve experience, focused on operating and building small to Investments. 15 years experience in Latin America and sits on the medium sized underground mines. Speaks Spanish and b
Slide 23: Key financial information
Key financial information Summary Financial Information for Recent Periods 9 months to 12 months to 12 months to 12 months to 12 months to 12 months to 12 months to 30 Sept 31 December 31 December 31 December 31 December 31 December 31 December 2020 2019 2018 2017 2016 2015(1) 2014(2) US$000’s US$00
Slide 24: Contact us
Contact us For further information please contact us: SERABI GOLD plc Mike Hodgson Chief Executive The Long Barn Cobham Park Road Downside Surrey KT11 3NE United Kingdom tel +44 (0) 20 7246 6830 email [email protected] www.serabigold.com 24