East Africa Metals, Inc. · TSXV:EAM
East Africa Metals — Investor Presentation (October 2018)
30 slides from East Africa Metals's investor presentation, October 2018
Slide 1: Exploration and Development in East Africa
Exploration and Development in East Africa October 2018
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward- looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "inte
Slide 3: East Africa Metals
East Africa Metals East Africa Metals is a mineral exploration company focused on advanced exploration in Africa. The company holds a mining licence for the Terakimti Oxide Gold Project, Harvest & Adyabo part of the 70% owned Harvest Projects, Ethiopia exploration property in Ethiopia1. The company
Slide 4: Ethiopia
Ethiopia Ethiopia and Neighbouring Key Projects Ethiopia is the oldest independent country in Africa, with an economy mostly based in Eritrea agriculture. Bisha (Cu,Zn,Au,Ag) Ethiopia is a mining-friendly jurisdiction, Emba Derho,Debarwa (Cu,Zn,Au) Danakhil (Potash) working under the Mining Operatio
Slide 5: Ethiopian Assets
Ethiopian Assets Deposit Prospect Sentraley Adi Gozomo Exploration Area1 Mining Licence Application Areas Terakimti Mining Licence Awahi N Igub Adi Goshu 10 km Adi Asgedom VTEM09 Adi Nigisti Lihamat Hager Selam Widak Da Tambuk Terakimti Mugnae Andi Adi Million Mato Bula Mayshehagne Zelazle Adyabo Pr
Slide 6: EAM’s Value Equation
EAM’s Value Equation Market Metrics As of Oct 1, 2018 Share Price $0.185 Market Capitalization $30.3 M Share Structure (as of September 28, 2018) Basic Shares Outstanding 163.8 M Shares issuable from Options (avg. exercise price of $0.175) 26.2 M Shares issuable from Warrants (avg. exercise price of
Slide 7: Preliminary Economic Assessments
Preliminary Economic Assessments Preliminary Economic Assessment (PEA) results were completed in April 2018 for each of the Mato Bula Gold Copper, Da Tambuk Gold, and Terakimti Gold Oxide projects. Preliminary Economic Assessment (PEA) Financial Metrics Summary PARAMETER PROJECT Units Mato Bula Da T
Slide 8: Arabian-Nubian Shield Overview
Arabian-Nubian Shield Overview The Arabian-Nubian Shield (ANS) is composed of granitoid-greenstone terranes stretching over NE Africa and western Saudi Arabia. The geological characteristics of this assemblage make it highly prospective for VMS and orogenic lode gold deposits, and it is home to seve
Slide 9: Harvest and Adyabo Project Infrastructure
Harvest and Adyabo Project Infrastructure Exploration Area1 Mining Licence Application Areas A paved highway and high Terakimti Mining Licence voltage powerline pass within 7 kilometres west of the Terakimti deposit, and are roughly equidistant with resources defined at the Adyabo project to the wes
Slide 10: The Terakimti Deposit
The Terakimti Deposit A mining licence for the Terakimti Oxide Gold Project was granted in December 2017. Terakimti Adyabo Project1 Harvest Project1 Exploration Area1 Mining Licence Application Areas 20 kilometres 10 Terakimti Mining Licence
Slide 11: Terakimti Gold Heap Leach Project
Terakimti Gold Heap Leach Project Additional PEA Highlights10: • Average metal production of approximately 17,800 ozs gold per year and 57,250 ozs silver per year. • Pre-production capital cost of approximately US$17.2 M including contingency of 25% on direct costs 19% on total of direct and indirec
Slide 12: Terakimti Gold Project – Site Layout
Terakimti Gold Project – Site Layout Local Grid North Waste Rock Roads Gold oxide resource Ponds Open Pit ADR Pad Heap Leach Grid Spacing 250m 12
Slide 13: Terakimti Exploration Potential
Terakimti Exploration Potential Local Grid In addition to heap leaching of the North gold oxide zone, potential exists to develop supergene gold, silver, and copper, and primary sulphide copper, Open Pit gold, silver, and zinc resources underlying the gold oxide zone. Gold oxide cap Supergene/Transi
Slide 14: Terakimti Mineral Resource Estimate
Terakimti Mineral Resource Estimate Terakimti Deposit Updated Oxide Mineral Resource Estimate7,9 NSR Cut- Grade Contained Metals Mineralization Mineralization Tonnes Off Au Ag Cu Au Ag Cu Class Type ('000s) ($/t) g/t g/t % ('000 oz) ('000 oz) ('000 lb) Indicated Oxide 15.74 1,110 3.20 23.6 0.08 114
Slide 15: The Mato Bula and Da Tambuk Deposits
The Mato Bula and Da Tambuk Deposits Mining licence applications for both Mato Bula and Da Tambuk have been accepted by the Ethiopian Ministry of Mines. Da Tambuk Mato Bula Adyabo Project1 Harvest Project1 Exploration Area1 Mining Licence Application Areas 20 kilometres 15 Terakimti Mining Licence
Slide 16: Mato Bula Gold Copper Project
Mato Bula Gold Copper Project Additional PEA Highlights10: • Average annual metal production of approximately 34,750 ozs gold, 1.67 million pounds copper and 4,780 ozs silver. • Pre-production capital cost of US$54.2M million including contingency of 38% on direct costs and 26% on total of direct an
Slide 17: Mato Bula Project – Mine Site Layout
Mato Bula Project – Mine Site Layout Local Grid North Processing Tailings Plant Containment Open Pit Waste Rock Grid Spacing 500m 17
Slide 18: Mato Bula Project – Resources
Mato Bula Project – Resources 2016 Indicated Resource6 An updated Mato Bula resource is planned to 2016 Inferred be completed in 2018. Resource6 Results are expected to increase the level of confidence in the existing resource, as well as expand to include additional areas of mineralization outside
Slide 19: Mato Bula Project – IP Geophysics
Mato Bula Project – IP Geophysics Anomaly is open grid north and to depth. Anomaly is open grid south and to depth. Additional drilling is planned in this area. In 2017 an I.P./Resistivity/Magnetic survey was conducted over the Mato Bula area. The survey identified a strong chargeability correlation
Slide 20: Da Tambuk Gold Project
Da Tambuk Gold Project Additional PEA Highlights10: • Average metal production of approximately 24,000 ozs gold per year and 6,000 ozs silver per year. • Pre-production capital cost of approximately US$34.1 M including contingency of 36% on direct costs and 26% total of direct and indirect costs. •
Slide 21: Da Tambuk Project – Mine Site Layout
Da Tambuk Project – Mine Site Layout Local Grid North Underground Development Processing Plant Tailings Waste Rock Containment Indicated Resources Inferred Resources Grid Spacing 500m 21
Slide 22: Da Tambuk Project – Resources
Da Tambuk Project – Resources The current minimum 4 year mine life is 2016 Indicated based on a mine plan depth of 200m. Resource6 Drilling has intersected significant mineralization to 260m down dip, leading 2016 Inferred to potential additional resources which Resource6 could extend the mine life.
Slide 23: The Mato Bula Trend
The Mato Bula Trend The Mato Bula Trend is a geologically defined area with anomalous base and precious metal soil values, and prospective alteration similar to that in the deposit areas. Da Tambuk Numerous targets exist along the trend that require systematic exploration follow-up. Additional IP wo
Slide 24: Adyabo Mineral Resource Estimate
Adyabo Mineral Resource Estimate Adyabo Project Mineral Resource Estimate6 Grade Contained Metals Category Tonnes ('000s) Au Cu Ag Au Equiv. Au Cu Ag Au Equiv.Metal g/t % g/t g/t ('000 oz) (M lb) ('000 oz) (‘000 oz) Indicated 3,215 3.92 0.24 1.4 4.29 408 16.8 132 446 Inferred 5,930 1.43 0.50 2.9 2.2
Slide 25: Adyabo Mineral Resource Estimate
Adyabo Mineral Resource Estimate Adyabo Project Inferred Mineral Resource Estimate6 Grade Contained Metals Pit Optimized Cut-Off Tonnes ($/t) ('000s) Au Cu Ag Au Equiv. Au Cu Ag Au Equiv.Metal Area g/t % g/t g/t ('000 oz) (M lb) ('000 oz) (‘000 oz) Da Tambuk 23.9 35 4.30 0.08 3.0 4.42 5 0.1 3 5 Mato
Slide 26: Drill Tested Targets
Drill Tested Targets Deposit Drilled Prospect Sentraley Adi Gozomo Prospect Exploration Area1 Mining Licence Application Areas Terakimti Mining Licence Awahi N Igub Adi Goshu Adi Asgedom VTEM09 10 km Adi Nigisti Lihamat Hager Selam Widak Da Tambuk Terakimti Mugnae Andi Adi Million Mato Bula Maysheha
Slide 27: Magambazi Project
Magambazi Project Overview Magambazi Mineral Resource Estimate5 • Gold project located in the Handeni area of Tanzania Grade Contained Metal Mineralization Tonnes • Project has been sold to a development partner, Class ('000s) Tanzanian Goldfields Limited, for US$2.0M + 30% Au g/t Au oz production s
Slide 28: Experienced Management Team
Experienced Management Team Name Position Experience Management Andrew Lee Smith, President, CEO, and • Professional geologist with over 25 years of mineral exploration and mine development experience P.Geo, ICD.D Director Jeff Heidema, Vice President • Professional geologist with over 25 years of d
Slide 29: Appendix
TSX-V:EAM PE Appendix EAST _ AFRICA 29 METALS a
Slide 30: Presentation Notes
Presentation Notes 1 Harvest Project as at Jan 10, 2017; West Shire (Adyabo south) as at Oct 13, 2017; Adi Dairo (Adyabo north) as at Jan 24, 2017 2 Subject to a 2% N.S.R. 30% stream based on agreement terms outlined in EAM press releases dated June 15, 2015 and December 10, 2015. As of EAM press re
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