Slide 1: Avalon poised for strong newsflow with assays imminent and new exploration programs to start
30 May 2017 Avalon Poised for strong newsflow with assays imminent and new exploration programs to start Highlights • Avalon is entering a period of strong newsflow comprising extensive drilling programs, assay results and other exploration activity across its three projects • At the Bramaderos gold
Slide 2: Project update: Viscaria and Satulinmäki
The process to commence drilling through obtaining a water permit and drilling permit has commenced. This process will take some time and drilling is being targeted for late 2017. Viscaria Copper Project: The 1,300m drilling program which started in April 2017 has been completed. The drilling progra
Slide 3: About Avalon
About Avalon Avalon has an advanced portfolio of exploration and development projects in Scandinavia and Ecuador. The portfolio comprises: 1. The Bramaderos Gold-Copper Project where Avalon has signed an earn-in agreement with TSXV listed Cornerstone Capital Resources (see ASX announcement dated 10t
Slide 4: Competent Persons Statement
Table 1 Total combined resource figure for A Zone, B Zone and D Zone at Viscaria Tonnes Cu Grade Contained Cu Resource Area Classification (Mt) (%) (kt) Measured 14.44 1.7 240.0 Indicated 4.69 1.2 57.2 A Zone Inferred 2.48 1.0 25.5 Subtotal 21.61 1.5 322.7 Measured 0.12 1.3 1.6 Indicated 4.12 0.7 29
Slide 5: Bramaderos Gold-Copper Project – An Outstanding New Opportunity for Avalon
BRAMADEROS GOLD-COPPER PROJECT – AN OUTSTANDING NEW OPPORTUNITY FOR AVALON ASX: AVI BRAMADEROS GOLD-COPPER May 2017 SOUTHERN FINLAND GOLD 30-31 May 2017 VISCARIA COPPER
Slide 6: Disclaimer
DISCLAIMER DISCLAIMER FORWARD-LOOKING STATEMENTS To the maximum extent permitted by law, no This Presentation includes certain statements that may be representation, warranty or undertaking, express or implied, deemed “forward-looking statements”. All statements in this is made and, to the maximum e
Slide 7: Corporate
CORPORATE Tightly held with market capitalization of just $10m TICKER ASX:AVI Frankfurt:AL9 Top 10 shareholders hold 50% of shares on issue SHARE PRICE* A$0.015 Board and management hold 3.2% and have SHARES ON ISSUE 650.8 million participated in most placements MARKET CAP A$10M European and UK shar
Slide 8: Highly Experienced Team
HIGHLY EXPERIENCED TEAM With an impressive discovery record Chairman General Manager Graham Ascough Studies and Technical Services Resources executive. Broad global experience with large Ray Robinson companies and building juniors. Previously with Mining engineer with over 20 years operational, stud
Slide 9: The "New" Avalon
THE “NEW” AVALON A new investment opportunity • Three projects with significant upside • Bramaderos Gold-Copper Project, Ecuador • Binding farm-in deal secured recently with Cornerstone Capital • Members of the Avalon team were leading SolGold when SolGold and Cornerstone struck a similar agreement
Slide 10: Bramaderos – A World-Class Opportunity
BRAMADEROS – A WORLD-CLASS OPPORTUNITY Matching the team with the opportunity Binding farm-in agreement with TSXV listed Cornerstone Capital Resources; ability to earn 80% The Avalon team has previously partnered with Cornerstone and the Bramaderos project presents an opportunity to repeat disco
Slide 11: Bramaderos – Excellent access and infrastructure
BRAMADEROS – WORLD-CLASS OPPORTUNITY Excellent access and infrastructure • Area amenable to development • The Project is accessible by vehicle from Catamayo, a 1.5 hour drive along the sealed Pan-American highway which passes through the western portion of the Project • Catamayo is serviced by daily
Slide 12: Ecuador – Open for Investment
ECUADOR – OPEN FOR INVESTMENT Pro-mining Government with equitable and competitive tax structure In Toronto, on the TSXV, Ecuador is currently the ‘hottest’ exploration destination A Good Place to Explore and Develop • Ecuador has not seen the same level of mineral exploration as its neighbouring co
Slide 13: Ecuador – Mining Development
ECUADOR – MINING DEVELOPMENT Numerous major international mining companies currently operating Loma Larga (TSX) Fruta Del Norte (TSX) • Underground gold producing 150,000 ounces pa LOM • Underground gold operation producing 340,000 ounces pa LOM • Dec 2014- commencement of Advanced Exploration phase
Slide 14: Australian Companies in Ecuador
AUSTRALIAN COMPANIES IN ECUADOR Avalon is the only ASX-listed junior providing exposure to this potential • Ecuador is booming; very active exploration and development scene • Avalon represents the only ASX listed junior to provide exposure to this potential • 2016 – secured 10% position in SolGold
Slide 15: Value Growth Through Discovery
VALUE GROWTH THROUGH DISCOVERY Avalon is the only ASX-listed junior providing junior company exposure to Ecuador (Indonesia) • Shareholder value growth delivered through ‘30 bagger’ discovery, and sustained by delivering a clear pathway to development Tenure issues Discovery phase (Ecuador) ‘30 bagg
Slide 16: Bramaderos – Discovery Focus
BRAMADEROS – DISCOVERY FOCUS A highly prospective gold-copper concession West Zone breccia; trench Malachite at Limon; rock chips 41.7 m @ 3.70 g/t Au up to 1.8% Cu & 1.45g/t Au Epithermal veins at Yeso Magnetite stockwork at Bramaderos 12
Slide 17: Viscaria Copper Project
VISCARIA COPPER PROJECT Advanced copper project in Sweden High quality copper project PFS stage copper development opportunity in a mining district Development permitting in progress Exceptional exploration upside PROJECT SITE PUBLIC ACCESS ELECTRIC RAIL KIRUNA TOWN LOW COST HYDRO POWER 13
Slide 18: Viscaria Copper Project – Outstanding Location
VISCARIA COPPER PROJECT – Outstanding Location Kiruna Viscaria LKAB Copper orebodies shown in orange 14
Slide 19: Viscaria Copper Project – Resource Statement
VISCARIA COPPER PROJECT Resource Statement Table 1: Total combined resource figure for A Zone, B Zone and D Zone at Viscaria Resource Area Classification Tonnes (Mt) Cu Grade (%) Contained Cu (kt) Measured 14.44 1.7 240.0 Indicated 4.69 1.2 57.2 A Zone Inferred 2.48 1.0 25.5 Subtotal 21.61 1.5 322.7
Slide 20: Viscaria – 2016 Scoping Study metrics
VISCARIA COPPER PROJECT 2016 Scoping Study metrics for Target Case A See ASX announcements • 18th December 2015 “Viscaria Copper Project Scoping Study” • 5th April 2016 “Investor Update and Presentation” 16
Slide 21: Viscaria Project – D Zone
VISCARIA PROJECT – D ZONE Advanced copper project in Sweden • VDD 193, the deepest hole in the North Shoot resource area, intersected 26.7m at 2.6% Cu; including 6.6m at 3.5% Cu; and 5.2m at 2.9% Cu, and 6.9m at 2.6% Cu • VDD 195 was drilled below VDD 193, outside the resource boundary in the North
Slide 22: Viscaria Project – D Zone
VISCARIA PROJECT – D ZONE Advanced copper project in Sweden D Zone – Southern Shoot D Zone – Northern Shoot • Intersections getting thicker and higher grade with depth, on shoots • Bulking out thick intersections delivers: • 101.8m at 0.7% Cu in VDD 195 • 47.5m at 1.8% Cu in VDD 193 • 40m at 0.8% Cu
Slide 23: Viscaria Project – Near-Mine Targets
VISCARIA PROJECT – NEAR-MINE TARGETS Several kilometers of target horizon for D Zone analogues • D Zone mineralisation model opens immediate targets near D Zone and 6km strike extent of highly prospective magnetic anomalies 19
Slide 24: Southern Finland Gold Project
SOUTHERN FINLAND GOLD PROJECT Highly prospective gold exploration opportunity • 2,400km2 held under 100% held Exploration Reservation, and a JV with Nortec Minerals (AVI holds 51%) • Supported by infrastructure • Can operate all year round • Historical exploration by the Finnish Geological Survey ha
Slide 25: Southern Finland Gold Project
SOUTHERN FINLAND GOLD PROJECT Highly prospective gold exploration opportunity • Satulinmäki, 300m x 300m mineralised area and growing • Several other highly prospective mineralised areas nearby 21
Slide 26: Satulinmäki Gold
SATULINMÄKI GOLD • Section through Avalon holes SMDD003 and 007, with historical Finnish Mines Department (GTK) drilling on section 22
Slide 27: Satulinmäki Gold
SATULINMÄKI GOLD • Considerable vertical extent interpreted from chargeability anomalies • Drilling to date correlates gold zones with conductivity anomalies • Drilling program to follow and will test strike extent of the main zone, other linear target zones, and vertical extent 23
Slide 28: Avalon – Planned Work and News Flow
AVALON – PLANNED WORK AND NEWS FLOW Bramaderos Gold-Copper Project Ongoing historical data compilation – strong news flow as multiple targets mature Operational considerations for early stage development targets Field programs commenced to strengthen targets – geochemistry, geophysics, geolo
Slide 29: Competent Person's Statement
COMPETENT PERSON’S STATEMENT Competent Persons Statement The information in this report that relates to exploration results and exploration targets and results is based upon information reviewed by Mr Malcolm Norris who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Norris is