Serabi Gold Plc · LSE:SRB
Serabi Gold — Investor Presentation (January 2021)
24 slides from Serabi Gold's investor presentation, January 2021
Slide 1: Building Brazil's next mid-tier gold company
Building Brazil’s next mid-tier gold company Corporate Presentation January 2021
Slide 2: Disclaimer
Disclaimer This presentation, and any ancillary documents relating to it, any oral presentation and any question or answer session (together, the "Presentation'') have been prepared and issued by Serabi Gold pic (the "Company"). This Presentation is being supplied to you solely for information purpo
Slide 3: Brazil focused gold producer offering significant growth
Brazil focused gold producer offering significant growth Improving liquidity & visibility 4. Targeting Scale & wider investor base Multiple Re-rating Enhanced cash generation Resource expansion and new discovery potential 3. Exploration & 32,000m drilling in 2021 on priority targets Growth
Slide 4: Corporate overview
Corporate overview UK, 27.4% Capital Structure Tight share register Canada, 3.6% Tickers LSE:SRB, TSX:SBI Directors, Share Price (15 January 2021) £0.88 / C$1.58 2.1% Greenstone, Ordinary Shares 59.1m 25.2% Fully Diluted Shares (incl. convertible loan) 64.8m Market Capitalization (15 January 2021) £
Slide 5: Serabi – local focus
Serabi – local focus Environmental Social Governance Minimal footprint from underground mines Commitment to highest standards of No tailings dams, filtration and dry H&S stacking technology 76% of employees from State of Para Commitment from Board level down to No operations within prima
Slide 6: The Tapajos - a prolific gold field
The Tapajos - a prolific gold field The Tapajos 30Moz of artisanal production Only 7Moz in 7 deposits defined Land-grab by Majors Serabi First and only hard-rock miner 20 years operating history At ‘front door’ of region 6
Slide 7: Palito Complex: consistent production
Palito Complex: consistent production OWNERSHIP 100% PROPERTY 61,563 Ha DEPOSIT Intrusion-related, high-grade veins MINING Underground - long-hole & selective stoping PROCESSING 500tpd conventional flotation & CIP, ore-sorter PRODUCT Gold bullion and concentrate 43-101 RESERVES & RESOURCES (June 201
Slide 8: Coringa: low capex doubling production
Coringa: low capex doubling production OWNERSHIP 100% on final payment to Equinox* ACQUISTION TERMS US$22m (US$4.5m remaining) HISTORIC SPEND Equinox* spent C$65m (2016-18) WORK COMPLETED BFS, 50,000m drilling, process plant, infrastructure DEPOSIT Intrusion-related, high-grade veins in 23,636 Ha MI
Slide 9: Coringa: low risk & favourable economics
Coringa: low risk & favourable economics PEA Summary Low risk • A carbon-copy of Palito – 200km to south Annual production 38koz(1) • No tailings dam Mine life 9 years • Camp, lab, workshops and access roads all newly built Average mined grade 8.34g/t • 750tpd process plant at site, ready for assemb
Slide 10: Coringa: significant upside
Coringa: significant upside • Current resource underlies 1.5km of artisanal workings in 8km artisanal trend • All lying within 30km of anomalous soil geochemistry – remainder is untested 10
Slide 11: Regional growth
S ta SERABI GOLD Regional growth 11
Slide 12: Palito Complex: Coincident Geophysics, Geochemistry & Garimpos
Palito Complex: Coincident Geophysics, Geochemistry & Garimpos 12
Slide 13: Priority exploration targets – immediate focus on increasing production
Priority exploration targets – immediate focus on increasing production 13
Slide 14: Near-mine Palito
Near-mine Palito • 1 km long resource within an 8 km mineralisation corridor 14
Slide 15: Near-mine Palito
Near-mine Palito g rd SERABI GOLD \ Ss s E 3 g = * [cermeesrent Au] 2 P 8 dl = E 1,00m@10.699R Au] [7 somq70 sop Aa] Le emae. Pet AY em 20a [este 1800 Legend: 5 7) Drill Hole SERABI GOLD — Main Vein SERABI GOLD PLC ——eneea AN Mina do Palito @ Ore body intersection CROSS SECTION 15
Slide 16: Near-mine Sao Chico - multiple prospects
Near-mine Sao Chico - multiple prospects 16
Slide 17: Sao Domingos – 8kms west of Sao Chico
Sao Domingos – 8kms west of Sao Chico 17
Slide 18: Sao Domingos - Toucano
Sao Domingos - Toucano 92809600 TOUCANO PIT +2 holes drilled + 80m strike +2 veins cut .2m @ 1.03 gitAu incl. 3.1m @ 1.83 g/t Au +0.8m @ 0.78 git Au +0.55m @ 11.3 git Au 5m @ 24.09 git Au incl.1.5m @ 67.69 git Au, RAIMUNDO PIT +t hole drilled + 70m strike + 2veins cut + 1m @ 0.36 git Au + 1.4m @ 5.0
Slide 19: Significant re-rating potential
Significant re-rating potential Improving liquidity Scale Exploration success Re-rating potential 7.00 Jaguar Mining Inc. 6.00 Serabi with Coringa (in line with 5.00 80-100koz peers) Share price (£) 4.00 3.00 Serabi @ 40koz (in line with 30- 50koz peers) 2.00 1.00 Serabi 2020 0.00 20,000 30,000 40,0
Slide 20: Maximising shareholder returns
Maximising shareholder returns Proven producer generating free cash flow Low risk, low cost doubling of production Mine-site & regional exploration targeting >3Moz Seeking accretive M&A Significant re-rating potential 20
Slide 21: Appendix
Hf A SERABI GOLD Appendix
Slide 22: Key Board and Management
Key Board and Management Mike Hodgson (CEO) – over 30 years worldwide Nicolas Banados (Non-exec Chairman) – MD of PE at Megeve experience, focused on operating and building small to Investments. 15 years experience in Latin America and sits on the medium sized underground mines. Speaks Spanish and b
Slide 23: Key financial information
Key financial information Summary Financial Information for Recent Periods 9 months to 12 months to 12 months to 12 months to 12 months to 12 months to 12 months to 30 Sept 31 December 31 December 31 December 31 December 31 December 31 December 2020 2019 2018 2017 2016 2015(1) 2014(2) US$000’s US$00
Slide 24: Contact us
Contact us For further information please contact us: SERABI GOLD plc Mike Hodgson Chief Executive The Long Barn Cobham Park Road Downside Surrey KT11 3NE United Kingdom tel +44 (0) 20 7246 6830 email contact@serabigold.com www.serabigold.com 24