Slide 1: Building a copper-gold company on the Tethyan Belt
Building a copper-gold company on the Tethyan Belt AIM: GEO May 2018
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Georgian Mining Corporation(“GMC” or the “Company”) and does not constitute an offer or invitation for the sale or purchase of any securities, nor does it purport to, set out, or refer to all or any of the information an investor might require or exp
Slide 3: Highlights
Highlights • An exploration and resource development company focussed in the prolific Tethyan Belt • A large 860 km2 licence area in a 50:50 JV with a local Georgian explorer • A robust pipeline of value-creative gold-copper resource development projects, close to operating mines • A strong Manageme
Slide 4: Management & Board
Management & Board Management Board of Directors Mike Struthers Dr. Neil O’Brien Chief Executive Officer, Director Non-executive Chairman • Over 37 years of international mining experience senior roles with global mining • Formerly Senior VP Exploration of Lundin Mining Corp. with over 30 years of c
Slide 5: Capital Structure
Capital Structure Market / Symbol AIM: GEO Shares Outstanding 114,574,491 Options 10,200,000 Warrants 225,866 Fully Diluted 125,000,357 52 week range 8.15 - 25.75GBp Share price* 12.38GBp Market Cap £14.2M Major Shareholders Stuart Packwood 6.23% TB Amati UK 5.85% Fahad Al-Tamimi 5.36% Leo Berezan 5
Slide 6: Key achievements over the last 12 months
Key achievements over the last 12 months • Completion of $6M initial commitment obligation in September 2017 – thereafter 50:50 funding • Strengthened Management Team and Board • Agreed 2018 Work Programme and MoU for Production with Partner • Significant discovery of deeper copper-gold sulphides at
Slide 7: Strategy for Value Creation
Strategy for Value Creation Three-pronged approach: 1. Near term focus is to develop the Kvemo Bolnisi East Project • Gold/Copper JORC resources (July 2017) of 2.3Mt @ 0.85 g/t Au & 3.15Mt @ 0.82% Cu • Detailed work programme: infill drilling, confirmatory metallurgical testwork and technical studie
Slide 8: Location
Location ceorGcian mining corporation GceorGcian mining corporation eKutai "Batumi Population: 4.477 Million Climate: ‘Temperate to Sub-Tropical Temperature: Summer Avg: 20°C - 24°C ; Winter Avg: 2°C - 4°C Industry: Manufacturing (Food products, Beverages and tobacco products), Electricity, gas and
Slide 9: Tethyan Belt: Regional Comparatives
Tethyan Belt: Regional Comparatives 9
Slide 10: Exploration Licence Area
Exploration Licence Area 30-year mining concession. 14 targets generated with excellent pipeline potential 10
Slide 11: Kvemo Bolnisi
GeorGcian mining corporation AIM: GEO
Slide 12: The Kvemo Bolnisi (KB) Project
The Kvemo Bolnisi (KB) Project KB East: An epithermal gold-copper system centred on breccia pipes, with supergene zone and oxide cap KB West: Low-sulphidation polymetallic gold-silver system; some significant gold-silver grades down to 120m depth, and open; historical “reserves” but requires con
Slide 13: Kvemo Bolnisi East (KBE) Section N-S
Kvemo Bolnisi East (KBE) Section N-S Note the chalcocite extends down to 200m below surface, and there are four different forms of chalcocite Deepest drilling to date mainly to 250m B.S. Sulphide mineralisation open Gold, chalcocite and in three directions. chalcopyrite outlines at 0.3 g/t Au and 0.
Slide 14: Epithermal Model for the Bolnisi District
Epithermal Model for the Bolnisi District • The Bolnisi district is a low- to intermediate-sulphidation epithermal environment hosting significant concentrations of gold/silver and base metals-rich mineralisation • Madneuli and Kvemo Bolnisi are phreatic breccia pipes with early quartz-sulphide Au-C
Slide 15: The "Wider" Kvemo Bolnisi
The “Wider” Kvemo Bolnisi KBWDDH450: 31m @ 1.6 g/t Au & 8.9 g/t KBWDDH635: 23m @ 0.9 g/t Au Ag from 193m & 68 g/t Ag from 107m (including 6m @ 190 g/t Au from 118m) KBE KBW GZ3 KBWDDH801: 37m @ 213 g/t Ag from 166m KBWDDH929: Potential arcuate regional structure 71m @ 64 g/t Au from KBW003: identifi
Slide 16: Other Prospects
GeorGcian mining corporation AIM: GEO
Slide 17: Additional Targets
Additional Targets Ivanovka: Altered (Q-sericite) Palaeozoic intrusives. Alluvial gold in streams. Mamulo: Altered Palaeozoic intrusives. Historic soil TSITEL SOPELI geochem. (up to 1380ppb Au Historical vertical drilling has revealed a & 2400ppm Cu) and grab very large low-sulphidation epithermal s
Slide 18: Dambludi
Dambludi A near-surface “bonanza-grade” epithermal qtz- sulphide deposit. Potentially a good candidate for rapid project development. Historical sampling over veins <1.2m of thickness: Values up to: 11 samples > 5 g/t Au Cu: 7.14% Values up to 16 g/t Au Pb: 13.59% Northern and Zn: 17.29% western str
Slide 19: Tsitel Sopeli
Tsitel Sopeli Au and Cu Drill intercepts Potential area for vertical Au high (grade x length) grade LS epithermal veins Licence Boundary 3D Section • Low sulphidation epithermal qtz-sulphide Au (Cu) mineralisation, associated with a NE-trending regional structure • 140km of historic vertical drill h
Slide 20: Tsitel Sopeli
Tsitel Sopeli Au > 1g/t TSDDH002 Sect 3 224 165 135 Sect 2 587 Sect1 Cu > 0.5% m 2500 • Tsitel Sopeli is a classic LSE vein- Sect1 135 587 Sect 2 165 style Au-Cu system. 135 • 140km of historic vertical drillholes 234.2m @ 1.7g/t Au, 4.0% Cu (from 175.8m) only tested uppermost parts of system Incl.
Slide 21: Tsitel Sopeli Analogues
Tsitel Sopeli Analogues Tsiteli Sopeli. Georgia, Georgian Mining Corp. TSDDH004 TSDDH002 (153m) 2 km 6.2g/t Au (419m) 22.3 g/tAu Fruta del Norte Ecuador, Lundin Gold Hot Maden Turkey, Sandstorm Gold Ind. Resources 24Mt @ 9.61g/t Au Ind. Resources 7Mt @ 12.2g/t Au, 2.3% Cu 200m 200m 21
Slide 22: Resource Development Milestones
Resource Development Milestones The initial 6-month work programme combines advancing the KBE project towards a production decision in Q4, whilst also testing and extending other targets in the licence area. KB East 2018 Development Plan - SUMMARY Task 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Infill Drilling a
Slide 23: Next Steps for Georgian
Next Steps for Georgian Advancing through infill drilling to a gold oxides feasibility study, and expansion of the sulphides resources at KBE Mining and processing agreement to transfer the KBE ore to RMG Validation of historical high grades and new geological models at priority epithermal Au-
Slide 24: Investment Case
Investment Case HIGHLY PROSPECTIVE TETHYAN STAGED VALUE CREATION DELIVERY CAPABILITY EPITHERMAL GOLD-COPPER Range of projects at different stages New Board and experienced DISTRICT WITH DEFINED TARGETS of maturity, from Feasibility Study management team – focussed to Mining camp scale area; adjacent
Slide 25: Contacts
Contacts Chief Executive Officer: Mike Struthers E: mstruthers@georgianmining.com Finance Director: Greg Kuenzel E: gkuenzel@georgianmining.com T: +44 (0) 207 907 9327 25