Slide 1: Candelaria Mining – September 2017
WWW.CANDELARIAMINING.COM TSXV : CAND SEPTEMBER 2017
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Forward-Looking Statements: This presentation contains forward-looking information about Candelaria within the meaning of the Securities Act (British Columbia). Forward-looking statements relate to future events or future performance and reflect Candelaria’s expectations regardi
Slide 3: Board & Management
BOARD & MANAGEMENT MANAGEMENT Curtis Turner MBA – CEO & Director Over 15 yrs in the mining industry including significant experience in Mexico overseeing permitting and technical work. He was was a key member of the team at Argonaut Gold that successfully completed four acquisitions totaling over $7
Slide 4: Capital Structure
CAPITAL STRUCTURE Strategic Partner in Agnico Eagle* (Invested $9.75 million CAD for 9.95% ownership) Capital Structure ($CAD) Current Price (August 30, 2017) $0.94 Shares Outstanding (Basic) 101.7m Market Capitalization $95.6m Warrants @ $0.75 10.3m Options 5.4m Convertible Debt 1) $0.65m 0.18c 2)
Slide 5: Project Locations
PROJECT LOCATIONS KM66 – Durango Excellent location within the Mexican Carbonate Replacement Deposit (CRD) belt – responsible for ~40% of historical Mexican silver production. Pinos District – Zacatecas High-grade historical gold district; advanced- stage underground epithermal vein system. Lucifer
Slide 6: Overview
OVERVIEW Caballo Blanco Flagship Project • Simple Open Pit Heap Leach Gold Project • Current oxide resource is contained in one zone – La Paila. • Indicated Resource of 521,000 oz Au • Inferred Resource of 95,000 oz Au • Gold mineralization is highly amenable to leaching. • Exploring 7 targets with
Slide 7: Resource Estimate – Caballo Blanco
RESOURCE ESTIMATE – CABALLO BLANCO 1. The resource estimate is based on 200 diamond drill holes completed since the discovery of the La Paila mineralized zone. The resource available for blocks contained within a conceptual open pit using metal prices of $1150 US / oz Au and $21 US / oz Ag, using a
Slide 8: Location & Infrastructure – Caballo Blanco
LOCATION & INFRASTRUCTURE – CABALLO BLANCO § Located 65 km northwest of the port city of Veracruz. § 14 contiguous mining claims covering 19,815 hectares (198 sq. km). § Pan American Highway transects the eastern boundary of the project. § Power, water, supplies and materials are readily available.
Slide 9: Geology – Caballo Blanco
GEOLOGY – CABALLO BLANCO § High sulphidation, fully oxidized epithermal gold zones. § Andesite host rock with very fine Au contained in 4 different ore types: § Vuggy silica § Massive Silica § Polylithic Breccia § Monolithic Breccia § La Paila Zone located on a large magnetic high ring structure tha
Slide 10: La Paila Resource Growth Potential
LA PAILA RESOURCE GROWTH POTENTIAL § Potential to add ounces exists to the north and east § Land previously not explored due to inaccessibility of land • Potential exist to expand resource to the west and south • Area previously designated as waste dump area, but drilling has identified that the ore
Slide 11: Metallurgy
METALLURGY PREVIOUS METALLURGICAL WORK* • Initial bottle roll testing indicates gold mineralization is highly amenable to leaching. • Mineralization is oxidized to at least 300 metre depth. • Mineralization is benign in leaching as there are no deleterious materials. • Indicates low reagent consumpt
Slide 12: Conceptual Processing – Caballo Blanco
CONCEPTUAL PROCESSING – CABALLO BLANCO Simplified Flowsheet Caballo Blanco Site Overview Coveying, Stacking Carbon in Column Recovery Plant Leach Pad Preg Pond Barren Pond Carbon Stripping Doré Straightforward heap-leach and ADR process expected 12
Slide 13: Exploration Targets – Caballo Blanco
EXPLORATION TARGETS – CABALLO BLANCO Permitting is underway for a 7,500 meter Phase I exploration drill program on four of seven high priority targets in proximity to the current La Paila resources: 1. Highway North 2. Las Cuevas 3. Bandera Norte 4. Bandera Sur 13
Slide 14: Pinos Gold District
PINOS GOLD DISTRICT § Acquisition Cost – earned-in to 60% by spending USD$3.5m. § Property - 22 concessions comprising 3,516 hectares in eastern Zacatecas state, Mexico. § Location – 67 km from San Luis Potosi. Paved road to entry of mine. § Geology – Low-sulphidation epithermal Au and Ag. Veins fol
Slide 15: Project Pipeline
PROJECT PIPELINE KM66 The Kilometre 66 property consists of 17 concessions comprising 3,508 hectares situated in eastern Durango state, Mexico. Apolo acquired the property in 1995, and optioned it to Coeur d'Alene Mines in late 1996. Between 1997 and 1998, Coeur d'Alene carried out a comprehensive e
Slide 16: Summary & Catalysts
SUMMARY & CATALYSTS • Caballo Blanco project envisions a low CAPEX, simple heap-leach open pit mining operation targeting ~100,000 oz/year. • Current oxide gold resource is contained in one zone with excellent recoveries • Deposit remains open to the south, southwest, northeast and at depth. • 7 exp
Slide 17: CAND: TSX.V | CDELF: OTCQX
CAND: TSX.V | CDELF: OTCQX www.candelariamining.com Vancouver Office Suite 1201 – 1166 Alberni Street Vancouver, BC V6E 3Z3 Canada Email: info@candelariamining.com Phone: 604-349-5992 Fax: 604-608-4822 17