Serabi Gold Plc · LSE:SRB
Serabi Gold — Investor Presentation (December 2024)
23 slides from Serabi Gold's investor presentation, December 2024
Slide 1: Investor Presentation
December 2024 Investor Presentation Sustainable gold production and growth in Brazil
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: Positioned for growth and value creation
Positioned for growth and value creation ▪ >20 year track record Sustainable Operator ▪ Stable 30-40koz pa production Palito Complex ▪ History of resource replacement ▪ De-risked doubling of production by 2026 Growth to >60koz pa ▪ Underground mine development progressing Coringa ▪ Updated PEA (2024
Slide 4: Three-phased strategy to become a +100koz pa producer
Three-phased strategy to become a +100koz pa producer Stable production base doubling by 2026; brownfield exploration to unlock pathway to becoming a +100kozpa producer F2024 production guidance: 38-40koz Au Palito Coringa 100+ 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024e 2025e 2026e 2028
Slide 5: Corporate overview
Corporate overview Capital Structure Supportive share register Greenstone, 25.2% Tickers (AIM / TSX / OTCQX) SRB / SBI / SRBIF Fratelli, 25.5% Directors, 0.2% Share Price (29 Nov 2024) £1.00 / C$1.78 / US$1.27 River and Mercantile, 2.9% Ordinary Shares 75.7m Fully Diluted Shares 78.5m Premier Miton,
Slide 6: Unlocking value in the globally significant Tapajós mineral province
Unlocking value in the globally significant Tapajós mineral province Para State ▪ No. 2 in Brazil for mining with improving infrastructure ▪ Development incentives - effective tax rate of 15.25% The Tapajós - a globally significant mineral province ▪ ~90,000km2 (size of Portugal) ▪ 3rd largest alluv
Slide 7: Committed to mining sustainably in Brazil
Committed to mining sustainably in Brazil >20 years of successful operation with our stakeholders Commitment to Health & Safety ▪ >50,000 hours of safety training in YTD-2024 Supporting local communities ▪ Majority local workforce: 70% from State of Para, 32% from immediate communities ▪ Buying good
Slide 8: Leading Gold Producer Emission Intensities
Leading Gold Producer Emission Intensities Low carbon intensity Gold Producer Greenhouse Gas Emission Intensities (t CO2-e/oz) 3.90 ▪ Serabi has one of the 1.63 lowest GHG emission 1.51 intensities when compared Group intensity avg. of 0.76 / S&P Global avg. of 0.83 to senior gold producers 0.64 0.6
Slide 9: Asset Overviews
Asset Overviews SERABI
Slide 10: Palito Complex | Delivering consistent production
Exploration Palito Complex | Delivering consistent production GUIDANCE 38,000 to 40,000oz for 2024 43-101 RESOURCES* (Oct 2023) M&I: 378koz at 10.1g/t, Inf: 154koz at 7.0g/t MINING Underground - selective open stoping PROCESSING 600tpd conventional flotation and CIP, ore-sorter PRODUCT Gold bullion
Slide 11: Ore Sorter | Maximizing value by minimizing waste to mill
Exploration Ore Sorter | Maximizing value by minimizing waste to mill Ore sorting explained ▪ Comex ore sorter sorts on colour and/or density ▪ Used to remove waste and pre-concentrate ROM at Coringa ▪ Liberates plant capacity at Palito Complex ▪ Minimises transport costs and tailings (via less tonn
Slide 12: Coringa Project | Driving Serabi production growth
Exploration Coringa Project | Driving Serabi production growth Under construction to create a multi- OWNERSHIP asset >60koz Acquired 100% for US$22m pa producer Resource growth potential STATUS with u/g drilling ECI complete, final permit (LI) pending PRE-ACQUISITION WORK COMPLETED BFS, 50,000m dril
Slide 13: Coringa Project | De-risked with favourable economics
Exploration Coringa Project | De-risked with favourable economics Coringa Project Units 2024 PEA Base Case Coringa Project (100% ownership, Para State, Brazil) Gold Price $/oz $2,100 ▪ Commenced development in 2021, producing first gold in Cut-off Grade g/t Au 3.16 July 2022 ROM Material to Process
Slide 14: Exploration Opportunities
Exploration K Opportunities S SERABI GOLD
Slide 15: Brownfield at Palito Complex | Headframe exploration
Exploration Brownfield at Palito Complex | Headframe exploration ▪ History of resource replenishment ▪ Palito mine sits within 8km NW-SE trend ▪ Ore-bodies remain open laterally, on strike and to depth ▪ Intrusion-related gold deposit – expected to have very significant vertical extent ▪ 2022-23 dri
Slide 16: Brownfield at Coringa Project | Potential for multiple mines
Exploration Brownfield at Coringa Project | Potential for multiple mines ▪ Significant resource growth potential as drilling limited to ~250m vertical depth ▪ Current resource underlies 1.5km of artisanal workings in 8km artisanal trend ▪ All lying within 30km of anomalous soil geochemistry – remain
Slide 17: Greenfield at Palito Complex | High priority exploration targets
Exploration Greenfield at Palito Complex | High priority exploration targets Priority targets 1. São Domingos ▪ 4km x 2km target ▪ Significant artisanal activity ▪ High grade first pass drilling 2. Matilda ▪ 4km x 4km target ▪ In 2023, drilled 7,598m (21 holes) ▪ 12 holes hit copper porphyry mineral
Slide 18: Greenfield at Palito Complex | São Domingos
Exploration Greenfield at Palito Complex | São Domingos Hole 21-SD-010: 7.15m at 258g/t Au ▪ Intercepts include 7.15m at 258g/t – 7th highest intercept for TSX company in 2021* ▪ Follow-up drilling planned for 2025-26 * www.mining.com/mining-2021-top-10-drill-holes-of-the-year/ 17
Slide 19: Greenfield at Palito Complex | Matilda prospect
Exploration Greenfield at Palito Complex | Matilda prospect ▪ 4x4 km geochemical anomaly with 2x2 km Au-Cu-Mo-W core ▪ Coincident with anomalous high magnetic susceptibility associated with magnetite alteration ▪ Mapped granites with potassic, propylitic and sericite-chlorite alteration, dacite porp
Slide 20: Delivering Value
Delivering Value SERABI GOLD
Slide 21: Significant re-rating potential
Delivering Value Significant re-rating potential Undervalued, enhanced scale to drive re-rating 2024E EV/EBITDA (x) 2024E EV/Production (US$/oz) Minera Alamos 11.4x Orla $9,525 Orla 9.3x Minera Alamos $8,817 Calibre 8.8x Wesdome $7,184 Aris 7.7x Calibre $6,806 Wesdome 6.0x McEwen $5,356 McEwen 4.3x
Slide 22: Board and Key Management
Board and Key Management Mike Hodgson (CEO) Michael Lynch-Bell (Non-exec Chairman) 40+ years worldwide mining experience, focused on operating and 38 years with Ernst & Young (EY), having led its Global Oil and Gas, building underground mines. Previously COO at Orvana Minerals. UK IPO & Global Oil a
Slide 23: SERABI GOLD plc
For further information please contact us: SERABI GOLD plc Andrew Khov Vice President, Investor Relations & Business Development tel +44 (0) 20 7246 6830 email contact@serabigold.com The Long Barn Cobham Park Road Downside Surrey KT11 3NE United Kingdom www.serabigold.com