Meridian Mining Plc · TSX:MNO
Meridian Mining — Meridian Mining UK S — Investor Presentation (March 2021)
23 slides from Meridian Mining's investor presentation, March 2021
Slide 1: Focused on the resource development and exploration of the Cabaçal camp
Focused on the resource development and exploration of the Cabaçal camps scale Copper-Gold VMS project in Brazil MNO Corporate Presentation, March 2021 meridianmining.co
Slide 2: Forward-looking information disclaimer
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not lim
Slide 3: Option to acquire the Cabaçal VMS camp with 30km strike
Option to acquire the Cabaçal hosts two Ongoing program to Cabaçal VMS camp previous high grade confirm potential of large with 30km strike shallow underground historic Copper-Gold length and multiple mines. Open at depth resource* at Cabaçal targets and along strike Brazil a proven Portfolio of exci
Slide 4: Brazil regional context and peer transactions
N • ERO Copper successfully restructured a historic mining complex to produce ~40ktpa Cu, and are currently executing a large scale exploration program • Anglo American large tenement package of over 40,000 km² in Mato Grosso and Para states following a recognition of porphyry copper potential* E S
Slide 5: Cabaçal VMS camp scale opportunity
BRAZIL • Volcanic Massive Sulphide (VMS) camp scale opportunity with Copper-Gold, plus Silver, Zinc and CABAÇAL MINE MATO Lead mineralization GROSSO • Tenements cover 30km of contiguous strike length ST HELENA over prospective stratigraphy MINE • Eligible for SUDAM tax incentive: a 10 year 75% reduc
Slide 6: Historical resource and mine corridor
• Historical Resource - 21.7Mt @ 0.6% • Mine Corridor traceable in modern >1.8km 10 km Cu & 0.6g/t Au* contained with in the geophysics, linking historic Cabaçal and CABAÇAL CENTRAL Cabaçal Central deposit St Helena mines and multiple targets DEPOSIT ST HELENA MINE Defined by over 400 DDH VMS BELT ~
Slide 7: Project history with gold, copper and zinc prices
Vendors St Helena mine St Helena closed 2,500 underground 5.0 Cabaçal mining starts underground Cabaçal acquired by 4.5 mining starts Meridian Cabaçal 2,000 sold to 4.0 Copper and Zinc Price (USD/Lb) BP Minerals Vendors sold to 3.5 Cabaçal Gold Price (USD/Oz) discovery Rio Tinto 1,500 3.0 1983 Cabaç
Slide 8: Historical drilling and geophysics database
Drill Collar Drill Collar BP Gold Anomalies BP Gold Anomalies Project Outline Project Outline Maxwell VTEM Plates Maxwell VTEM Plates BP / RTZ Targets BP / RTZ Targets Cabaçal Mine Cabaçal Mine St Helena Mine St Helena Mine • Historical Resource - 21.7Mt @ • 2,800 km line of historical aerial • VTEM
Slide 9: Cabaçal thick shallow dipping zones of mineralization
Cabaçal has defined Historic selective Broad Copper-Gold Underground Historic products include multiple thick shallow underground mine zones commonly exceed extensional potential – Gold rich Copper-Silver dipping zones of development extended 25m thick and are intersections close to concentrates via
Slide 10: Cabaçal Central resource development zone
Cabaçal Central resource development zone: Hole ID Result — Polymetallic VMS system Cu-Au + Ag-Zn-Pb — Historic high grade mine JUSPD 216 1.95 m @ 390.0 g/t Au, 0.4% Cu — Large Historic Resource* JUSPD 596 13.4 m @ 5.2% Cu, 2.7 g/t Au, 9.5 g/t Ag, and 0.5% Zn — Historic High Grade intercepts JUSPD 1
Slide 11: Multiple targets consistent with deposit clustering
Drill Collar BP Gold Anomalies Project Outline Maxwell VTEM Plates BP / RTZ Targets • Highly prospective for repeat VMS mineralisation as deposits typically occur in clusters • VMS deposits tend to form periodically, related to hydrothermal cells on the ocean floor • Modern VTEM data and historical
Slide 12: Planned validation drilling and exploration programs
>200 PPM CU IN SOILS DRILL CU (%) n/s • Digital capture of additional historical data <0.1 0.1 - 0.25 • Landholder access agreements and environmental 0.25 - 0.5 licencing 0.5 - 1.0 1.0 - 10 • Validation drilling program: 10 - 25 — 60 – 70 drillholes (30 twin) ~ 7,000 – 8,000 m > 25 — Confirm repeat
Slide 13: Database enhancement and drill program schedule
Database Enhancement Program Digital Capture of additional density, logging, sampling metadata Aerial Drone survey; update aeiral photography Updated releief model Georegister key Cabacal historical maps; digitize key information Re-survey historical drillhole collars; Aerial Drone survey Relog hist
Slide 14: Cabaçal option payment schedule
Payment Schedule Requirements Vendor Payment Vendor Payment • The Cabaçal option (Months) (USD) (Shares) agreement is to acquire a 100% beneficial interest for MNO will have exclusivity during the a total consideration of On signing 25,000 — USD 8.75 million and 4.50 Due Diligence period million Mer
Slide 15: Cabaçal camp scale VMS project underexplored
Proposed extent of alteration system Hypothetical alteration area of influence • Cabaçal is a camp scale VMS project underexplored and under-developed 5km compared to analogue camps • VMS deposits tend to form periodically, related to hydrothermal convection CAB AÇ AL C U - AU V M S cells on the oce
Slide 16: VMS discovery methods
& Discovery Methods • First discovery identified through prospecting (David Collins - Tom Creighton, 1914) Method Used Geophysical • Early mapping and geochemistry may identify Geological hydrothermal centers. Economic mineralization Prospecting not necessarily present at surface • Cyclical nature o
Slide 17: Espigão project, Rondônia
• 100% of the Espigão exploration and mining licenses Cacoal Espigão BRAZIL D’Oeste Pimenta Bueno RONDÔNIA • Anglo American, NEXA, Codelco, OZ Minerals RONDÔNIA • IOCG / intrusive related Copper-Gold exploration hypothesis supported by pathfinder elements, indicator minerals, brecciated Fe-Mn oxide
Slide 18: Espigão geophysical and soil anomalies
• Magnetic anomalies are found along the same regional structural corridors hosting polymetallic vein systems • Electromagnetic (EM) conductive plates are positioned above the magnetic anomalies and below the surface mineralisation • The soil anomalies underly or are in proximity with hydrothermal a
Slide 19: Discovery analogues under cover
• Oak Dam (BHP): IOCG - 800m below surface discovered via a surface gravity survey • Cannington (South 32): Ag-Pb-Zn polymetallic - 60m below surface discovered via an aeromagnetic survey • Cascabel (Solgold): Cu-Au porphyry: Soil geochemical vectoring then helimagnetic survey ALTERED MINERALISED HO
Slide 20: Corporate Social Responsibility
• CSR focuses on developing an open and transparent relationship with all stakeholders • Community engagement program managed by in-house Legal & Land management team, resident in Rondônia • Professional compensation program for landowners impacted by exploration and or mining activities • Health an
Slide 21: Management and board
20 years of international experience within the natural resources industry. Mr. Clark was A Chartered Professional Accountant with over 15 years of experience in accounting and formerly a Partner with Sentient Equity Partners. Prior to joining the Private Equity Industry he nancial management. She s
Slide 22: Capital structure and share price
Shares Outstanding 108.5 m • Meridian Mining UK S listed on the TSX Venture Exchange (Ticker: MNO) — Management ownership - 6.29 million shares Warrants 52.8 m (CAD 0.11-0.30) • Limited Recourse Loan (“LRL”) Broker Units 2.2 m — Pre-set conversion price of CAD 2.50 per share (CAD 0.075-0.20) — 5.9 m
Slide 23: Investor and corporate contact
Investor Contact: Corporate Address: Chief Executive Officer Executive Chairman +1 778 715 6410 6th Floor, 65 Gresham Street, London Email: amcarthur@meridianmining.net.br Email: gclark@meridianmining.net.br EC2V 7NQ United Kingdom MNO meridianmining.co
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