Wesdome Gold Mines Ltd. · TSX:WDO
Wesdome Gold Mines — Shareholder Meeting (June 2017)
32 slides from Wesdome Gold Mines's shareholder meeting presentation, June 2017
Slide 1: Wesdome Gold Mines Annual and Special Meeting of Shareholders
June 2017 Wesdome Gold Mines Annual and Special Meeting of Shareholders
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Information This presentation contains statements or information concerning the business, operations and financial performance and condition of Wesdome Gold Mines Ltd. (“Wesdome” or the “Company”) which constitute forward-looking statements or information (colle
Slide 3: Board of Directors: Significant Industry Experience
Board of Directors: Significant Industry Experience - Over 40 years experience in the mineral exploration and mining industry Charles Page, P.Geo - Most recently President and CEO of Queenston Mining, leading the discovery and Chairman development of the Upper Beaver deposit in the Kirkland Lake gol
Slide 4: Executive Management Team
Executive Management Team - Professional engineer with over 25 years experience in operational management, mine rehabilitation, development and gold production Duncan Middlemiss, P. Eng - Over 10 years of executive management experience Chief Executive Officer - Most recently Chief Executive Officer
Slide 5: Corporate Structure
Corporate Structure Symbol 52 Week High/Low Analyst Coverage TSX:WDO $4.40/$1.47 (Average daily Clarus Securities volume 900,000 shares) Echelon Wealth Partners Shares Outstanding Eight Capital Partners 133.8 M Market Capitalization Industrial Alliance $440M Options Laurentian Bank ($3.29 June 20, 2
Slide 6: One Year Share Price Performance
One Year Share Price Performance TSX:WDO | 6
Slide 7: Review of the Last 12 Months
Review of the Last 12 Months July 2016 • Duncan Middlemiss appointed CEO upon Rolly Uloth’s retirement August 2016 • Kiena Deep Discovery in Val d’Or, Quebec announced October 2016 • Q3/16 Production of 15,667 ounces, a 29% improvement over Q2/16 as a result of an operations optimization plan to re-
Slide 8: Canadian Gold Company with Three 100% Owned Projects
Canadian Gold Company with Three 100% Owned Projects • 30 years of continuous gold production • 2016 Cash flow from operations $19.9 M • Eagle River Complex produced 47,737 ozs in 2016 from 2 high grade mines 1 • Executing an aggressive company wide 2 3 exploration program on all assets • High grade
Slide 9: 2017 Production and Cost Guidance
2017 Production and Cost Guidance 2017 Guidance: Combined gold production Eagle River Underground Mine 45,000 – 49,000 ounces @ 8.8 – 9.2 g/t 52,000 and 58,000 ounces Mishi Open Pit Mine 7,000 – 9,000 ounces @ 1.8 - 2.2 g/t Q1 2017 Production on track: Q1 2017 Production Results: Eagle River Undergr
Slide 10: Q1 2017 Operating Results
Q1 2017 Operating Results Operational Results – 1st Quarter 2017 and 2016 Quarter ended March 31 2017 2016 Eagle tonnes milled 38,578 39,839 Mishi tonnes milled 36,641 36,287 Total tonnes milled 75,219 76,126 Eagle grade (g/t) 11.5 5.6 Mishi grade (g/t) 1.7 1.8 Eagle River Mine mill recovery (%) 95.
Slide 11: Mineral Reserves (2016 Year End)
Mineral Reserves (2016 Year End) 15% increase at Eagle River net of depletion Category Tonnes Grade (gAu/Tonne) Contained Ounces Eagle River Underground Reserves Proven 208,000 10.2 68,000 Probable 949,000 9.0 276,000 Eagle Proven + Probable 1,157,000 9.2 344,000 Mishi Open Pit Reserves Proven 259,0
Slide 12: Mineral Resources (2016 Year End) Operating Assets
Mineral Resources (2016 Year End) Operating Assets Category Tonnes Grade (gAu/Tonne) Contained Ounces Eagle River Underground Resources Inferred 327,000 8.1 85,000 Mishi Open Pit Resources Indicated 3,679,000 2.1 248,000 Inferred 764,000 2.4 59,000 Mishi Underground Resources Indicated 567,000 4.5 8
Slide 13: Mineral Resources (2016 Year End) Development & Exploration Assets
Mineral Resources (2016 Year End) Development & Exploration Assets Category Tonnes Grade (gAu/Tonne) Contained Ounces Kiena Complex Resources Measured 63,700 4.06 8,300 Indicated 2,439,800 5.62 441,000 Total M + I Resources 2,500,600 5.59 449,300 Total Inferred Resources 1,563,300 7.97 400,400 Moss
Slide 14: 2017 Exploration Summary – Commitment to Sustainability
2017 Exploration Summary – Commitment to Sustainability $13.1 M Exploration Ontario: Quebec: Drilling Budget Eagle: 3 Drills Kiena: 4 drills H1/17 2 $5M Moss Lake drills H2/17 concurrent Mishi: 1 drills $4M Wawa with ramp construction $4M Kiena Moss Lake: 2 drills Property 2017 Metres 2016 Metres 20
Slide 15: Eagle Drilling to Diversify Production Locations
Eagle Drilling to Diversify Production Locations Longitudinal Section Looking North 300 Zone West Eu-778: 121.3 g/t over 2.0 m CL EU-779: 1115.7 g/t over 2.4 m CL EU-780L 79.1 g/t over 3.5 m CL EU-781: 65.2 g/t over 4.0 m CL EU-782: 230.2 g/t over 2.5 m CL 300 Zone East – North Lens (New) 670-125: 8
Slide 16: 2017 Drilling 303 E Lens Returns Wide, High Grade Intersections
2017 Drilling 303 E Lens Returns Wide, High Grade Intersections Highlights January 26, 2017 • Hole 844-E-26: 7.08 gAu/t uncut (5.86 gAu/t cut) over 8.88 m true width • Hole 844-E-27: 28.72 gAu/t uncut (19.03 gAu/t cut) over 20.67 m true width • Hole 844-E-28: 20.75 gAu/t uncut (13.36 gAu/t cut) over
Slide 17: 2017 Drifting and Production Planning
2017 Drifting and Production Planning 173.7m of strike length / 2.85m average width / 22.62 g/t Au cut / 34.70 g/t Au uncut TSX:WDO | 17
Slide 18: 2017 Mishi Exploration: Drilling Extends Zone to West
2017 Mishi Exploration: Drilling Extends Zone to West Exploration Highlights • 2016 reconnaissance drilling program • 2017 Exploration: 15,000 m of drilling to follow up on two targets, 600 m and 1700 m West of pit - resource delineation 600 m West of Pit 1,700 m West of Pit 1.95 g/t over 29.8 m TW
Slide 19: Kiena Complex, Val d’Or, Quebec
Kiena Complex, Val d’Or, Quebec TSX:WDO | 19
Slide 20: Kiena Deep Discovery: Plan View
Kiena Deep Discovery: Plan View • Mine on care and maintenance since mid-2013 • Mine/Mill infrastructure in good shape • 4 drill rigs operating from U/G platforms testing for repetition along a Z-fold interpretation up to 500 metres below existing infrastructure • 2,000 TPD permitted mill • 930 Metr
Slide 21: Kiena Deep: Challenging Drilling Conditions
Kiena Deep: Challenging Drilling Conditions TSX:WDO | 21
Slide 22: Kiena Deep Project – Initial Interpretation
Kiena Deep Project – Initial Interpretation 91 LVL 100 LVL TSX:WDO | 22
Slide 23: Kiena Deep Project – S50 Zone Extension
Kiena Deep Project – S50 Zone Extension • Partially Developed Resources • Untested room to extend depth Level 96 Level 98 5.00 g/t Au over 11.7m Level 100 Open at depth TSX:WDO | 23
Slide 24: Kiena Deep Project – S50 Zone & South Zone Extension
Kiena Deep Project – S50 Zone & South Zone Extension Other targets open at depth South Zone 21.0 g/t 6.8 g/t Au over 18.5m Au over S50 Zone 7.5m Level 38 10.6 g/t Au over 4.9 g/t Au over 16.6m 5.1m TSX:WDO | 24
Slide 25: Kiena Deep Project – VC Zone & North Zone Extension
Kiena Deep Project – VC Zone & North Zone Extension Other targets open at depth North Zone Level 43 VC Zone Level 52 Level 62 Level 67 48.82 g/t Au over 1.4m 5.41 g/t Au over 14.3m 10.90 g/t Au over 6.6m Open at depth Open at depth TSX:WDO | 25
Slide 26: Kiena Deep Project – Drill Location & Proposed Ramp
Kiena Deep Project – Drill Location & Proposed Ramp N Komatiite Drill 1 Level 67 Upper Quartz Zone Exploration ramp Zone A Level 67 Level 100 Zone B Drill 2 (Level 96-98) Level 91 Level 77 TSX:WDO | 26
Slide 27: Moss Lake - Coldstream Acquisition April 2016
Moss Lake - Coldstream Acquisition April 2016 • Coldstream and Hamlin Properties are adjacent to Moss Lake deposit • Purchased for $400,000 cash; and 454,545 common shares • Acquisition eliminates historic property boundary along strike of Moss Lake deposit • Dominant land holdings, 36 km along Sheb
Slide 28: Moss Lake Project Optionality
Moss Lake Project Optionality Original Property Moss Lake Stock Boundary open Moss Lake Deposit Central Intermediate to Felsic 1.4 M oz (Indicated @ 1.1 g/t) Metavolcanic Belt 1.7 M oz (Inferred @ 1.1 g/t) Head Lake Stock Shebandowan Greenstone Belt • Moss Lake Deposit remains open • Pit and Mineral
Slide 29: Summary
Summary Kiena: Eagle River: New gold discovery in Discovering new high- Operations in safe existing, permitted, de- grade parallel zones close jurisdiction, Canada watered former producing to infrastructure mine Aggressive Exploration Cost cutting program Pipeline of development Programs on all Comp
Slide 30: Appendix
Appendix TSX:WDO WESDOME wesdome.co m
Slide 31: Notes to Technical Disclosure
Notes to Technical Disclosure Technical Disclosure Mineral Resources This presentation contains information regarding mineral resources estimated at the Company’s projects. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Further, the quantity and grade of
Slide 32: Kiena Complex Drill Core August 2016
Kiena Complex Drill Core August 2016 TSX:WDO | 32