Slide 1: Investor Presentation
ASX Announcement | 13 AUGUST 2020 For personal use only Investor Presentation Eagle Mountain Mining Limited (ASX:EM2) (“Eagle Mountain” or “the Company”) attaches an updated Investor Presentation for the information of shareholders. For further information please contact: Tim Mason Mark Pitts BEng,
Slide 2: Oracle Ridge - Revival of a high-grade copper mine
For personal use only Oracle Ridge - Revival of a high-grade copper mine ASX : EM2 | 13 August 2020
Slide 3: Oracle Ridge
Oracle Ridge For personal use only Our aim at Oracle Ridge (80% owned) is to increase the tonnage of the existing high- grade mineral resource so that future production can be in the lower quartile of costs. We have defined a significant exploration target as an extension to existing mineralisation.
Slide 4: An Emerging Copper Company
AN EMERGING COPPER COMPANY Eagle Mountain has two complementary copper projects located in Arizona, a tier-one Silver Mountain For personal use only mining jurisdiction • Clear corporate focus on copper - strong leverage to strengthening fundamentals • Experienced Board and management team with skin
Slide 5: Exposure to Strengthening Copper Fundamentals
EXPOSURE TO STRENGTHENING COPPER FUNDAMENTALS For personal use only • Growing demand forecast Avg Global UG Mined grade <1.1% Cu • Increasing demand for less carbon intensive technologies • On average, renewable energy systems require 5x more copper vs conventional power generation • Electric vehicl
Slide 6: Oracle Ridge Copper Mine - Overview
ORACLE RIDGE COPPER MINE - OVERVIEW • High grade copper with significant gold and silver For personal use only • Large Mineral Resource Estimate (NI43-101) See ASX Announcement 29 Oct 2019, refer Appendix 1 • Significant exploration potential priority drill targets defined • Extensive infrastructure
Slide 7: Significant High Grade Mineral Resources
SIGNIFICANT HIGH GRADE MINERAL RESOURCES Mineralisation at Oracle Ridge Oracle Ridge Mineral Resource Estimate NI43-101 * (1% Cu cut-off) For personal use only Resource Tonnes Cu Ag Au Contained Contained Contained Class (Millions) % g/t g/t Cu, lbs Ag, oz Au, oz (Millions) (Millions) (‘000) Measure
Slide 8: Priority Drill Targets Defined for Maiden Drilling Program
PRIORITY DRILL TARGETS DEFINED FOR MAIDEN DRILLING PROGRAM • Multiple high grade copper intercepts* with For personal use only significant gold and silver • 7.7m @ 5.11% Cu, 0.72g/t Au, 55.8g/t Ag • 7.6m @ 4.63% Cu, 0.74g/t Au, 43.06g/t Ag • 9.1m @ 3.97% Cu, 1.04g/t Au 29.89g/t Ag • 18m @ 2.84% Cu,
Slide 9: Oracle Ridge – High Grade Copper
ORACLE RIDGE – HIGH GRADE COPPER High grade copper intercepts For personal use only • with significant gold and silver • Multiple ‘stacked’ lodes provide flexibility for mining • Many zones thick enough for bulk mining methods which can potentially reduce costs 88 *Refer ASX Announcement 10 June 202
Slide 10: Resource Expansion Potential
RESOURCE EXPANSION POTENTIAL Mineralisation remains open along strike in For personal use only multiple directions Significant Exploration Target defined based on: • Previous drilling database of 618 holes (50 holes within the exploration target) • Geological models of mine stratigraphy • Recently c
Slide 11: Arizona - Major Copper Projects
Arizona - major copper projects For personal use only Many significant copper deposits within Arizona have been mined for decades Some of these projects have well developed skarn alteration and associated high-grade copper mineralisation, in addition to large, lower grade porphyry copper deposits*.
Slide 12: Exploration Potential at Depth
EXPLORATION POTENTIAL AT DEPTH For personal use only Skarn mineralisation is commonly associated with porphyry systems however this system has not yet been found and presents exploration potential at depth ? Oracle Ridge – Conceptual Geological Model 11 Note - The Section shown is both conceptual an
Slide 13: Exploration Strategy
EXPLORATION STRATEGY Three Pronged Exploration Strategy For personal use only 1. Incremental expansion of existing MRE • Focus higher grade zones 2. Depth potential at Oracle Ridge 3. Other prospective targets • Exploration within trucking distance of a future mill site • Regional geophysical anomal
Slide 14: Oracle Ridge – Underground Development
ORACLE RIDGE – UNDERGROUND development For personal use only • Very good ground conditions • The project has significant infrastructure in place including ~18km of underground development, access roads, tailings dam, underground electrical and water services. • Ore body is accessible 13 13 Photos ta
Slide 15: Enhanced Restart Potential
ENHANCED RESTART POTENTIAL Studies Existing electrical infrastructure For personal use only at Oracle Ridge • Various technical studies completed including Environmental, Metallurgical, Processing, Geotechnical, Mining & Infrastructure Permits • Several permits required for mining previously secured
Slide 16: Oracle Ridge Growth and Exploration Focus
ORACLE RIDGE GROWTH AND EXPLORATION FOCUS • Methodical approach to exploration by an experienced team For personal use only • Apply modern geophysics which has not been used at Oracle Ridge • Multiple strategies used to define exploration drill targets • Update existing Mineral Resource to JORC • Re
Slide 17: The Silver Mountain Project
THE SILVER MOUNTAIN PROJECT Phase One drilling at Silver Mountain confirms prospectivity of For personal use only • Project • Project hosts multiple historic copper / gold mining operations with copper grades up to 10% and gold up to 10g/t • Drilling identified highly anomalous assay values and the
Slide 18: Corporate Overview
CORPORATE OVERVIEW Key Metrics 12 Month Share Price For personal use only ASX Code EM2 Shares on Issue 139m (10 Aug 2020) Share Price $0.20 (10 Aug 2020) Cash (approximate) $3.2m (10 Aug 2020) Debt 1 $10.4m Market Capitalisation $28m (undiluted) Unlisted Options 32m (avg exercise price $0.24) Perfor
Slide 19: Experienced Board & Management Team
EXPERIENCED BOARD & MANAGEMENT TEAM For personal use only TIM MASON ⮚ 18 years experience in RICK CRABB ⮚ 37 years experience in various corporate, mining NON-EXECUTIVE mining, corporate and CHIEF & engineering roles CHAIRMAN commercial law EXECUTIVE OFFICER CHARLES BASS ⮚ Entrepreneur & Business Ex
Slide 20: A Compelling Copper Proposition
For personal use only A COMPELLING COPPER PROPOSITION ✔Maiden drill program commencing Q3 2020 ✔A proven and experienced board and management team ✔Arizona is a world class copper jurisdiction, responsible for 65% of copper output from the United States ✔Good local and regional infrastructure, high
Slide 21: Important Information
Important InformatIon For personal use only P u r p o s e o f p r e s e n t a t I o n : This presentation has been prepared by Eagle Mountain Mining Limited (ACN 621 541 204) (Eagle Mountain) and should be read in conjunction the Company’s Annual Report, issued by Eagle Mountain 30 October 2019 and
Slide 22: Contact Information
For personal use only CONTACT INFORMATION A Ground Floor, 22 Stirling Highway Nedlands, Western Australia, 6009 E info@eaglemountain.com.au W eaglemountain.com.au
Slide 23: Appendix: Mineral Resource Estimation
APPENDIX 1 Mineral Resource Estimation The resource estimates provided in this presentation have been taken from the 31 March 2014 Independent Technical Report for the Oracle Ridge Project prepared by Dr Gilles Arseneau, P.Geo, principal of Arseneau Consulting Services Inc. (refer ASX announcement 2