Jaguar Mining Inc. · TSX:JAG
Jaguar Mining — BMO Global Metals, Mining & Critical Minerals Conference 2023
30 slides from Jaguar Mining's conference presentation, February 2023
Slide 1: BMO Global Metals, Mining & Critical Minerals Conference
TSX:JAG OTCQX:JAGGF BMO Global Metals, Mining & Critical Minerals Conference FEBRUARY 2023 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation (“Presentation”) does not constitute an offer of any securities for sale or a solicitation of an offer to purchase any securities . This Presentation, and the information contained herein, is not for release, distribution or publication into or in the Uni
Slide 3: Significant exploration upside funded by sustainable gold production
tect SIGNIFICANT EXPLORATION UPSIDE IN THE 1Q ¥ : FUNDED BY SUSTAINABLE GOLD y PRODUCTION oe
Slide 4: Our Assets
OUR ASSETS Corrego Zona Basal Brandão • All assets are in the Iron & Faina Pilar II Quadrangle, in the state of Turmalina Mine Minas Gerais, Brazil, an & Plant established, stable mining jurisdiction. Pilar Mine • Mining in the IQ has been Caeté carried out for over 300 years. Plant Paciência • The
Slide 5: Growth Strategy
GROWTH STRATEGY FUNDING GROWTH IN BRAZILIAN GOLD EXPLORATION++ +135KOZ In mine 120-135KOZ New projects Zona Basal 80-90KOZ Catita Faina Project Corrego Brandão Available Consistent production Paciencia infrastructure 5
Slide 6: Three Year Operating Track Record
THREE YEAR OPERATING TRACK RECORD SUSTAINABLE PRODUCTION PAID PRODUCED DIVIDENDS CASH FLOW MAINTAINED REINVESTED RESOURCE IN BASE EXPLORATION 6
Slide 7: Financial History – Three Eras
FINANCIAL HISTORY – THREE ERAS Quarterly, xUS$1M Cash from Ops Capex • Jaguar Mining is now almost 20 $30 years old. Cash from Ops - Capex $20 • The first ten years, as operated under former management, was $10 marked by unbridled growth. • This didn’t end well. The $0 Company was reorganized under
Slide 8: Investing in Growth
INVESTING IN GROWTH 3 YEAR OPERATING PROFILE US$M Increase Decrease Total 164.5 94.7 (80.7) (38.5) 25.2 10.9 (29.6) (1.4) Cash Operating Sustaining Free Exploration Dividends* Other* Cash Jan 1/20 CF* CF* CF* & Growth* Dec 31/22 * Numbers are estimated and could change due to the 2022 year-end audit
Slide 9: 2023 Operating Guidance
2023 OPERATING GUIDANCE 84-88koz Gold production $1,275-$1,375/oz All in Sustaining Cost @1 US$ : 5.2 BRL 9
Slide 10: Turmalina Gold Complex
TURMALINA GOLD COMPLEX • 7,674 ha land package • Potential to expand resources and extend life of mine through ongoing exploration at prospective targets • Access to paved roads, water, labour, power and a 2,000 tpd carbon-in-pulp processing Gold Production (oz) & Grade (g/t) plant 12,000 4.00 3.49
Slide 11: Faina Growth Project
FAINA GROWTH PROJECT • Underground ramp development is underway from Orebody C to access the Faina deposit. • Faina is a refractory ore that we are evaluating metallurgical options for. • Permitting requirements are minimal accessing from the Turmalina underground. • Expected to reach Faina undergro
Slide 12: Faina Growth Project
FAINA GROWTH PROJECT MRMR – Dec. 31, 2021 M&I Resources: 58 K oz @ 6.87 g/t Au Inferred Resources: 360 K oz @ 7.26 g/t Au 12
Slide 13: Caeté Gold Complex
CAETÉ GOLD COMPLEX • 17,467 ha land package • Caete complex consists of Pilar and RG gold mines • Area includes highly prospective targets Gold Production (oz) & Grade (g/t) • Gold recoveries ~88% 14,000 4.50 4.04 12,000 3.65 3.68 3.73 3.51 3.71 4.00 • Throughput capacity 2,200tpd 3.37 3.27 3.50 10,
Slide 14: 2023 Exploration Strategy
2023 EXPLORATION STRATEGY ADDING VALUE THROUGH THE DRILL BIT Focus on 12 Targets: In-Mine Targets MTL UG (C & B Structures) ~18,000 meters Pilar UG (Depth Extensions, US$6.5M Pilar 2) of drilling Budget planned Green / Brown Targets: Carancas/Rocinha, Córrego Brandão, Catita, Faina, Pontal, Acuruí J
Slide 15: Exploration Project Portfolio Caeté & Turmalina
EXPLORATION PROJECT PORTFOLIO CAETÉ & TURMALINA CAETÉ & TURMALINA 2022 - Highlights • Maiden Resource Zona Basal • Discovery Pontal Sul Turmaline Mine • Maiden Resource Pontal Sul • High Grade Intersection – Catita Pilar Mine • High Grade Channel Samples Caeté Plant • (Rocinha – Carancas) Pontal Sul
Slide 16: Pontal South Project
PONTAL SOUTH PROJECT Turmalina – Faina – Pontal Geological Structure • In 2021, the Pontal South deposit was discovered and has potential to add shallow underground resources. • A 2022 drill campaign identified high- grade/width intersections to the south of the Pontal Deposit within the gap area be
Slide 17: Córrego Brandão and Catita Deposits
CÓRREGO BRANDÃO AND CATITA DEPOSITS • In 2019, the Córrego Brandão deposit was discovered and has potential to add near- surface open-pit feedstock to the plant. • A 2021 drill campaign identified a refolded geological structure within the former Catita open-pit, indicating potential for the deposit
Slide 18: Córrego Brandão – Catita Geological Structure
CÓRREGO BRANDÃO – CATITA GEOLOGICAL STRUCTURE FCBR001 (oxide): 40.00m@4.20g/t Corrego Brandão MRMR – Dec. 31, 2021 FCAT045 (sulfide): FCBR017 (sulfide): Inferred Resources: 51 Koz 12.45m@4.63g/t 2.45m@3.60g/t incl. 3.80m@11.25g/t @ 1.48 g/t Au 5.85m@9.51g/t incl. 3.15m@15.24g/t Executed drill holes
Slide 19: Exploration Project Portfolio – CPA Block
EXPLORATION PROJECT PORTFOLIO – CPA BLOCK CPA • 2022 – Highlights Turmaline Mine Caeté Plant • Restated Resource Santa Isabela Pilar Mine • Restated Resource Bahú Margazao • Positive Twin and Step Out Drill Results (Bahu) • Maiden Resource Bahu 0 25 km • High Grade Channel Samples 19
Slide 20: IQ Joint Venture with IAMGOLD
IQ JOINT VENTURE WITH IAMGOLD • Highly prospective 50,000+ ha land. • Strategic IMG option agreement to explore Jaguar’s Tenements IAMGOLD’s Tenements 32.2k ha in IQ. • JAG project operator; subject to technical committee oversight. • JAG as operator can earn-in 60% by incurring US$6M for exploratio
Slide 21: IQ Joint Venture with IAMGOLD
IQ JOINT VENTURE WITH IAMGOLD Current Development 22 JV Acuruí Area Drill Targets Generated JV Acuruí Area Targets Drill Tested 07 19 HOLES 3,000 m 15 JV Acuruí Area Drill Targets Remaining Rio de Pedras 10 HOLES Paianas- Esperança JV Acuruí Area Targets for Drilling 2023 05 1,500 m Campestre Capiva
Slide 22: Significant Greenstone Belt Extension
SIGNIFICANT GREENSTONE BELT EXTENSION • 5 structural trends delineated, Rio de Peixe NW region N with magnetic and/or EM EM-6 conductor to explore EM-5 EM-3 EM-2 • Priority targets identified - Boiadeiros EM-1 1,500m drilling program for 2023 Urubu Rio de Peixe • Stream sediment sampling BIF Norte o
Slide 23: Corporate Information
CORPORATE INFORMATION CAPITALIZATION* TOP SHAREHOLDERS* - BASIC % Shares Outstanding M 72.5 Eric Sprott 49.0% Stock Options M 1.0 Sprott Inc. 10.0% DSUs M 0.7 Pacific Income Advisers 2.0% Shares Outstanding (FDITM) M 74.2 Royal Bank of Canada 1.8% Centerstone Investors LLC 1.5% Market Cap (FDITM) C$
Slide 24: Upcoming Catalysts
UPCOMING CATALYSTS H1 H2 2024 2025 2023 2023 • Updated MRMR • Test mining of • In mine exploration Zona Basal results • Maiden Resource • Mining at Faina Estimate at Zona • Exploration at Roça • Obtain (GU) at Basal Grande • Delivery of FS at Zona Basal Zona Basal • Faina project PEA • Potential ini
Slide 25: ESG Framework - Environment
ESG FRAMEWORK - ENVIRONMENT We are committed to understanding, ~BRL$35.4M managing and working to reduce our environmental impacts through engagement with local communities, governments and the adoption of industry standards for environmental invested in tailings dam protection. management ~BRL$3.5M
Slide 26: ESG Framework - Social
ESG FRAMEWORK - SOCIAL We work closely with the communities in which we operate +1,800 to facilitate programs that promote people directly impacted by social economic and social development. programs Our ability to create jobs and thriving economies positively benefit the communities in which we ope
Slide 27: ESG Framework - Governance
ESG FRAMEWORK - GOVERNANCE Our most important asset is our employees and their well-being. We aim to develop programs and policies that Diversity & Inclusion promote a safe, diverse and efficient work environment. In addition, Committee establishing guidelines, processes and works to raise awareness
Slide 28: No Debt, Self Funded, Exploration Opportunity
NO DEBT, SELF FUNDED, EXPLORATION OPPORTUNITY
Slide 29: Contact Us
CONTACT US TORONTO First Canadian Place 100 King Street West, 56th Floor Toronto, Ontario M5X 1C9 T: 416 847-1854 BRAZIL Jaguar Mining Inc. R. Andaluzita, 131 - 7th floor 30310-030 Belo Horizonte - Minas Gerais T: +55 31 3232-7101 TSX:JAG | OTCQX:JAGGF
Slide 30: Reserves and Resources (as at Dec. 31, 2021)
RESERVES AND RESOURCES (as at Dec. 31, 2021) PROJECT TONNAGE AU GRADE CONTAINED AU KT G/T KOZ Caeté 2,108 3.71 251 P&P Turmalina 2,177 3.66 256 Total 4,285 3.68 507 Caeté 4,799 3.81 588 M&I Turmalina 4,653 4.31 645 Total 9,452 4.06 1,233 Caeté 8,885 3.65 1,044 Turmalina* 8,501 4.56 1,247 Total 17,38
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