Meridian Mining Plc · TSX:MNO
Meridian Mining — Meridian Mining UK S — Investor Presentation (August 2022)
33 slides from Meridian Mining's investor presentation, August 2022
Slide 1: Cabaçal: Targeting multi million ounce gold and billion plus pounds of copper discoveries
Cabaçal: Targeting multi million ounce gold and billion plus pounds of copper discoveries Corporate Presentation, August 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Meridian Mining UK Societas (“Meridian”), nor shall i
Slide 3: Focused on Brazil – A Tier 1 Mining Destination
F OCUSE D O N B R A Z I L – A T I E R 1 M I NI NG D E S T I NA T I ON Meridian’s Development Priority Meridian’s Exploration Upside Cabaçal: the largest Cu-Au VMS project in Espigão: a large IOCG exploration target Brazil one of the largest in South America comparable to Carajás and Olympic Dam Corp
Slide 4: Investment Highlights
I NV E S T M E NT H I GHL I GHT S Meridian is led by an experienced mining team The Cabaçal Project is Cabaçal is 2km of open high-grade copper-gold VMS mineralization a VMS Belt endowed The VMS units of Cabaçal are over-printed by multiple high-grade gold structures Excellent open-pit potential via
Slide 5: Corporate Information - Meridian Mining UK S
C OR P OR A T E I NFOR M A T I ON - M E R I DI A N M I NI NG U K S Meridian Mining UK S listed on the TSX (Ticker: MNO) Corporate Structure 1 Management ownership: Shares Outstanding 181.2 m 13.0 million shares (7.2% outstanding) Warrants 6.0 0.7 million warrants & 8.5 million options (11.0% fully d
Slide 6: Meridian Leadership
M E R I DI A N L E A DE R S HI P G I L B E RT C L A RK SORAIA MORAIS A F O N S O F I G U E I RED O Executive Chairman Chief Financial Officer Geologist +25 years experience + 15 years experience + 50 years experience A D R I A N M C A RT HU R VITOR B E L O ROCKY OSBORNE CEO & Director Brazilian Mini
Slide 7: ESG: Clean Industrial Renewable Energy
ESG CLEAN I NDUSTRIAL R ENEWABLE ENERGY Regional Hydroelectric Generation Brazil energy matrix ~ 65% of its energy generated by hydropower plants Local hydroelectric facilities: Jaurú Cascade - 235.9 MW (6 Facilities) Juba Cascade - 139.4 MW (4 Facilities) Governing ESG Philosophies Clean Energy Gri
Slide 8: Cabaçal Project Overview
CABAÇAL CABAÇAL PROJECT OVERVIEW Major Metals Co-Products Silver Copper Zinc Gold Lead Size 50km Extensive historical exploration VMS Belt database Mineralization Cu-Au VMS + high-grade Au Historic Resource1 21.7 Mt @ 0.6% Cu & 0.6 g/t Au 1 Details of the estimate are summarized in an internal repor
Slide 9: Cabaçal's Cu-Au Mineralization is 2km Long and Open
CABAÇAL C ABAÇAL ’ S C U -A U M INERALIZATION IS 2 KM L ONG AND O PEN ~2 km OPEN ~170m OPEN CNWE Cabaçal Mine OPEN CSEE Cabaçal’s VMS copper-gold layers over-printed by high-grade gold veins 950 m 550 m OPEN OPEN CNWE Cabaçal Mine Corporate Presentation, August 2022 TSX: MNO / OTCQB: MRRDF / Frankfu
Slide 10: Cabaçal: 2kms of High-Grade Copper-Gold Drill Results
CABAÇAL C ABAÇAL : 2 KMS OF H IGH -G RADE C OPPER -G OLD D RILL R ESULTS Cabaçal’s Strengths: High Cu-Au grades evenly distributed along the 2km of strike-length Thick layers of Cu-Au mineralization generates large tonnage potential At surface gently dipping Cu-Au layers are optimal for open-pit pot
Slide 11: Large Scale Open-Pit Potential Production Scenario
CABAÇAL L ARGE SCALE OPEN - PIT POTENTIAL PRODUCTION SCENARIO Copper-gold layers are High grade gold overprint Mineralization open down New over-printing high- thick and shallow dipping of VMS layers dip and along strike grade gold veins from near-surface 1 See News Release: 29th Nov, 7th and 2nd Se
Slide 12: Cabaçal Northwest Extension Mineralization
CNWE C ABAÇAL N ORTHWEST E XTENSION M INERALIZATION CNWE Section – Holes CD-113 & CD-049 21st October 13th, 7th & 2nd September 2021 CD-106 103.3m @ 0.6% CuEq Inc 5.8m @ 4.3% CuEq 1 See News Release: 26th April, 31st Jan 2022, 29th & 9th November, Meridian hitting more high-grade gold through angled
Slide 13: Cabaçal Metallurgical Results
CABAÇAL Cabaçal Metallurgical Results PRELIMINARY METALLURGICAL TEST WORK AT SGS (COPPER – LEFT / ZINC – RIGHT) ^ Metallurgy Highlights High-grade 29% copper concentrate High recoveries of 94% for copper and 87% for gold Copper-gold liberated via coarse grind (~200 microns) Eco-friendly, simple floa
Slide 14: Visualizing the 11km Mine Corridor
MINE V ISUALIZING T HE 11 KM M INE C ORRIDOR CORRIDOR 11km mine corridor N View of 11km mine corridor connecting the historic mines of Cabaçal and Santa Helena New Discovery Two high grade historic underground mines define 11 km 26.4m @ 0.6g/t Au corridor & 25.2g/t Ag Strong open pit potential at bo
Slide 15: Cabaçal 50km of VMS Upside to Test
CABAÇAL CABAÇAL 50KM OF VMS U PSIDE TO TEST A small cap company developing a 50km VMS belt is a rare opportunity Future upside focus is on the 11km mine corridor High-grade Au overprint of VMS Cu-Au layers present along the 11km Mine Corridor – remains open New discovery zone at C4-A of 44m @ 1.5 g/
Slide 16: Cabaçal Forecast Work Program
CABAÇAL F ORECAST W ORK P ROGRAM Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 TIMELINE 2022 2022 2022 2022 2023 2023 2023 2023 Advancing Cabaçal Project Landholder access agreements Environmental Studies Preliminary License (LP) Instalation License (LI) Engineering Cabaçal Project Scoping Study Engineering Testwork Pre-
Slide 17: Structured Option Agreement to Acquire 100% of Cabaçal
Structured Option A g r e e m e n t t o a c q u i r e a CABAÇAL 100% beneficial interest1 Protects Meridian Shareholders Equity and provides Vendors an Interest Going Forward Payment Schedule Vendor Payment Vendor Payment Payments Requirements Comments Complete (Months) (USD) (Shares) MNO will have
Slide 18: Espigão IOCG Target
ESPIGÃO E SPIGÃO IOCG T ARGET Espigão Project Iron Oxide-Copper-Gold (“IOCG”) type deposits host the giant Cu-Au mines of Brazil and some of the biggest Cu-Au mines internationally Espigão hosts the prospective geochemistry comparable to IOCG type deposits First gravity survey is on 2km centered sta
Slide 19: Meridian's Investment Highlights
M ERIDIAN ’ S I NVESTMENT H IGHLIGHTS Meridian is led by an experienced mining team Cabaçal has 2km of high-grade Cu-Au VMS mineralization that remains open The VMS host units are over-printed by multiple high-grade Au structures with potential extensions over 11km Cabaçal’s shallow layers of gently
Slide 20: Additional Technical Information
ADDITONAL TECHNICAL INFORMATION Corporate Presentation, August 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 21: Cabaçal Central - Resource Development Program
CABAÇAL C ABAÇAL C ENTRAL - R ESOURCE D EVELOPMENT P ROGRAM 1 See News Release: 31st January 2022, 29th & 24th Nov, 13th , 7th and 2nd Sept, 31st 300 m Expanded 15,000m drill program to focus on validation, extensional and metallurgical programs for the Cabaçal August, 13th July, 28th & 15th June, 2
Slide 22: Large Scale Open-Pit Potential Production Scenario
CABAÇAL L ARGE SCALE OPEN - PIT POTENTIAL PRODUCTION SCENARIO Copper-gold layers are High grade gold overprint Mineralization open down New over-printing high- thick and shallow dipping of VMS layers dip and along strike grade gold veins from near-surface 1 See News Release: 29th Nov, 7th and 2nd Se
Slide 23: Expanding Future Potential Resource Zones
CABAÇAL E XPANDING F UTURE P OTENTIAL RESOURCE ZONES CD-088 JUSPD 338 Un-assayed historical zones Potential to extend mineralized zones in shallow zones of historic drilling Intact VMS layers 66.1m @ 1.0%CuEq including: 34.1m @ 1.6%CuEq ^ SECTION OF CD-088, SHOWING THE BROADER MINERALIZED FOOTPRINT
Slide 24: Potential for Expansion of the Historic Resource
CABAÇAL P OTENTIAL FOR EXPANSION OF THE HISTORIC RESOURCE Resource expansion opportunities: Historic Resource1 Current Criteria New near-surface zones outside of the limits of the Cabaçal Mine Resource 21.7Mt @ 0.6% Cu & 0.6 g/t Au - Metals pricing has more than doubled since resource calculation Cu
Slide 25: Cabaçal Historical Operation
CABAÇAL Cabaçal Historical Operation 1 Cabaçal Historical Production EXAMPLE OF FLOATATION SEPARATING CU & ZN CONCENTRATES - SANTA HELENA MINE ^ Cabaçal underground mine operated by BP Minerals / Rio Tinto from 1987 to 1991 producing 869,279t at 5g/t gold & 0.82 % copper 3 g/t gold only cut-off grad
Slide 26: Historic Santa Helena High-Grade Zn-Cu-Au-Ag-Pb Mine
H ISTORIC S ANTA H ELENA H IGH -G RADE CABAÇAL Z N -C U -A U -A G -P B M INE An opportunity to optimize Santa Helena’s potential open pit development, feeding into a centralized processing plant at Cabaçal Historic resource1 1,120,000t @ 6.20% Zn, 1.32% Cu, 1.29g/t Au, 41.65g/t Ag and an estimated 5
Slide 27: Re-Focusing Santa Helena as an Open Pit Development
SANTA R E - FOCUSING S ANTA H ELENA AS AN OPEN PIT DEVELOPMENT HELENA Expanding the Santa Helena Footprint Meridian maps extensive gold over print of Santa Helena’s copper‐gold‐silver‐zinc VMS deposit Meridian identifies open, 1.3km gold trend at Cabaçal’s Santa Helena deposit Robust gold mineraliza
Slide 28: Regional Exploration Targets
CABAÇAL R EGIONAL E XPLORATION TARGETS 1 Regional land–bank in re-emerging mineral province secured with 928 km2 of tenements in Mato Grosso’s Cabaçal Mine Regional focus of BP Minerals in 1980’s defined the historical copper-gold-nickel geochemical anomalies ^ CONSOLIDATING THE DISTRICT LANDBANK Sa
Slide 29: Mato Grosso - Excellent Infrastructure
MATO GROSSO - EXCELLENT INFRASTRUCTURE Existing Infrastructure is in place ready for the future mine developments at Cabaçal Road – Highway to ~20km, and all-weather roads to site Rail Line – Short trucking distance from Cabaçal Jaca Project Anglo American connecting direct to port Port - Sao Paulo
Slide 30: Appendix
APPENDIX Corporate Presentation, August 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 31: Defining the Industry's Next VMS Camp
CA B A ÇA L Defining the Industry’s Next VMS Camp Cabaçal VMS Project Analogues Cabaçal is a camp scale VMS project underexplored and under-developed compared to analogue camps VMS deposits tend to form periodically, related to hydrothermal convection cells on the ocean floor at ~4km spacings Cabaça
Slide 32: VMS Camps: Importance of Modern Exploration Techniques
VMS Camps: Importance of Modern Exploration CA B A ÇA L Techniques Flin Flon Greenstone Belt Mine Life The Technical Evolution & Discovery Methods First discovery identified through prospecting (David Collins - Tom Method Used Creighton, 1914) Geophysical • Early mapping and geochemistry may Geologi
Slide 33: Investor Contact
Meridian Mining UK S Dr Adrian McArthur Gilbert Clark Investor Contact: Corporate Address: Chief Executive Officer Executive Chairman +1 778 715 6410 6th Floor, 65 Gresham Street, London Email: amcarthur@meridianmining.net.br Email: gclark@meridianmining.net.br EC2V 7NQ United Kingdom Corporate Pres
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