Mining Americas Inc. · TSX:MAI
Mining Americas — Minera Alamos — Investor Presentation (December 2020)
26 slides from Mining Americas's investor presentation, December 2020
Slide 1: Proven Mine Development Team
Proven Mine Development Team Building The Next Mid-Tier Gold Mining Company December 2020 TSX-V: MAI / OTCQX: MAIFF
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain “forward-looking statements”. All statements, other than statements of historical fact, that address activities, events or developments that Minera Alamos believes, expects or anticipates will or may occur in the future are forward-lookin
Slide 3: Investment Thesis
Investment Thesis Why invest in us? Multi-leveraged! We are We are PROVEN BUILDERS NEARING PRODUCTION • 3 successful mines put into production in last 13 years • 100 % Owned Assets (NSR Royalties range 0%-3%) • Strong operational expertise in heap leach mining • 3 high-quality, open pit development-
Slide 4: Company snapshot
Capital Structure Company snapshot Capital Structure Shareholder Distribution Ticker TSXV:MAI / OTCQX:MAIFF Osisko Gold Royalties 17.3% Share Price (as of December 1st, 2020) C$0.67 Donald Smith Value Fund Basic Shares Outstanding 438.5M 8.2% Options 22.8M Retail & other Warrants 2.6M 50.6% Aegis Fi
Slide 5: Equity Performance
Equity Performance Outperformance of Peer Group, Gold and GDXJ MINERA ALAMOS PERFORMANCE VERSUS GOLD PRICE AND PEERS | SINCE JUNE 1, 2019 600% 500% • Minera Alamos has outperformed each of the GDXJ, gold price, and its peer 400% group since June 1, 2019 Relative Performance • Coupled with delivering
Slide 6: Board of Directors
The Team Board of Directors DARREN KONINGEN DOUG RAMSHAW BRUCE DURHAM RUBEN PADILLA KEVIN SMALL CEO, Director President, Director Non -Executive Non-Executive Non-Executive Director Director Director Metallurgist with +20 years of Mining Geologist with +25 Geologist with +40 years of Geologist with
Slide 7: Management
The Team Management DARREN KONINGEN DOUG RAMSHAW CHRIS CHADDER FEDERICO ALVAREZ CEO and Director President, Director Chief Financial Officer Chief Operating Officer +20 years of engineering and +25 years of experience in the +20 years of financial +30 years experience within metallurgical experience
Slide 8: High Quality Assets
High Quality Assets Santana – 100% owned La Fortuna – 100% owned Cerro de Oro – 100% owned* * Subject to a schedule of payments
Slide 9: Mexican gold development project pipeline
Property Summary Mexican gold development project pipeline SANTANA (Under Construction) • Fully funded C$10 million heap leach scheduled to be constructed by the end of 2020 or early in Q1 2021. • The heap leach pad area has been cleared and prepared in advance of pad liner installation. Plant found
Slide 10: Santana Project: Near-term production opportunity
Santana Project (3% NSR) Near-term production opportunity LOCATION / INFRASTRUCTURE • Sonora State, Mexico; 100% owned; 8,500 ha • Accessible by paved highway • 50 km SW of Alamos Gold’s 3M oz Mulatos Gold Mine MINE PLAN/STAGE • Near-term production opportunity; pre-commercial bulk mining and leachi
Slide 11: Construction On Track
Economics Construction On Track AN INDUSTRY LEADER IN CAPITAL INTENSITY / PRODUCTION OUNCE • Fully funded to complete construction of first mine • Industry leading capital intensity • On track to meet top end of pre-Covid construction timing guidance INDUSTRY LEADER AMONGST DEVELOPER PEERS IN LOM MA
Slide 12: Santana Construction Highlights
Santana Project Construction Highlights TEST MINING COMPLETED • ~50,000 t mined • Recovered gold grade +0.67 g/t (~1,100 oz recovered) • Various crush sizes tested <1/2”-5/8” up to 3” resulting in consistent recoveries across test sizes • Excellent percolation eliminating the need for agglomeration
Slide 13: Multiple Targets - New Discoveries
Santana Project Multiple Targets - New Discoveries POTENTIAL TO DEFINE A SIGNIFICANT GOLD MINERAL DISTRICT - >1-2 MOZ POTENTIAL Divisadero Zone (2018 & 2019 Drilling Discovery) • Gold-silver discovery ~200m N of Nicho Norte ₋ 95.7 m @ 0.85 g/t Au, 9.8 g/t Ag ₋ 96.4 m @ 0.42 g/t Au, 3.6 g/t Ag ₋ 133.
Slide 14: Cerro de Oro: Near-term development opportunity
Cerro de Oro Project (No Royalties) Near-term development opportunity LOCATION / INFRASTRUCTURE • Zacatecas State, Mexico; 100% owned1; 6,500 ha • Accessible by paved highway • 25 km N of Newmont’s 8M oz Au/471 Moz Ag Peñasquito Mine MINE PLAN/STAGE • Near-term development opportunity; extensive met
Slide 15: Maiden NI43-101 Resource
Cerro de Oro Project Maiden NI43-101 Resource Cerro de Oro Project, Mineral Resource Estimate Resource Category Material Type Cut-off Grade Tonnes (t) Average Grade Contained Au Au (g/t) Au (g/t) (oz) Inferred Oxide 0.18 48,000,000 0.41 630,000 Notes: • The effective date for this mineral resource e
Slide 16: Historic Exploration
Cerro de Oro Project Historic Exploration “The Cerro de Oro gold project has many characteristics that mimic the El Castillo gold mine our team developed under the Castle Gold Corporation banner from 2007 until its eventual sale in 2010.” – Darren Koningen, CEO “Cerro de Oro contains a large dissemi
Slide 17: Historic Exploration - Drilling
Cerro de Oro Project Historic Exploration - Drilling Hole From (m) To (m) Interval (m) Au Grade Zone Number (g/t) C094-19 0 92 92 0.45 North – oxide C094-17 0 71 71 0.31 North – oxide C094-20 0 77 77 0.29 North – oxide C093-04 0 80 80 0.31 North – oxide C094-26 0 40 40 0.27 South – oxide C094-23 0 7
Slide 18: La Fortuna: PEA – High Grade Open Pit
La Fortuna Project (1% NSR on central claims) PEA – High Grade Open Pit LOCATION / INFRASTRUCTURE • Durango State, Mexico; 100% owned • ~6,200 ha • Easily accessible via a 100 km road from Culiacan, the Capital of Sinaloa State • State authorities are extending a 2-lane upgraded paved highway to the
Slide 19: Initial starter zone
La Fortuna Project Initial starter zone High-Grade High- Margin • +300k oz resources currently defined • Majority of resource grades 3.5-4.0 g/t Au • Wide zones of mineralized breccia • Metallurgical testing demonstrated +90% Au recoveries Processing Capacity Open • 2,000 tpd mill acquired • 1,100 t
Slide 20: PEA – Economic summary
La Fortuna Project PEA – Economic summary Pre-Tax NPV (7.5%) US$103.8M Pre-Tax IRR After-Tax NPV (7.5%) 122% US$69.8M 93% After-Tax IRR 93% STRONG IRR After-Tax Pre-Tax Payback Period 9 months After-Tax Payback Period 11 months Ave. Annual Production 43k oz Au, 220K oz Ag 1,000 t Cu (50k oz AuEq) US
Slide 21: Exploration potential
La Fortuna Project Exploration potential Multiple zones of “La Fortuna-style” mineralization identified Some alteration zones (e.g. PN Prospects area) are significantly greater in scale than those present at La Fortuna No systematic exploration since 2008/9 Zone Description Ramada • Parallel fault s
Slide 22: Value Proposition
Value Proposition
Slide 23: Resource base with expansion potential
Solid base case resource inventory Resource base with expansion potential Project Resource Category Cut-off Au (g/t) Tonnes (t) Au (g/t) Au (oz) La Fortuna 1,3 Measured & Indicated 1.00 3,469,000 2.78 309,800 La Fortuna 1,3 Inferred 1.00 156,000 1.72 8,600 Cerro De Oro 2,3 Inferred 0.18 48,000,000 0
Slide 24: Growth Model: Path to intermediate production
Growth Model Path to intermediate production ACQUIRE 4TH ASSET Targeting > LA FORTUNA • Targeting +/- 700K 200,000 oz/y • Low Capex Build quality ounces 1st SANTANA EXPANSION supported by royalty • Low Capex • Exploration driven and internal financial • Large land package expansion derived resources
Slide 25: Executing in 2020 – Delivering in 2021
Real business in action Executing in 2020 – Delivering in 2021 Santana Mine Construction Ongoing Q4 – Q1 Santana- Mining Operations Santana- Phase 3 Exploration Ongoing Q4 – Q2 43-101 Resource Statement La Fortuna - Permit Issuance Q4 Cerro de Oro – Q1 Permit Application Submission Ongoing Evaluatio
Slide 26: Thank you
Thank you For more information contact us: Info@mineraalamos.com Or visit us at : Mineraalamos.com TSX-V: MAI / OTCQX: MAIFF
Minera Alamos — Investor Presentation (December 2020) on 6ix