Emerald Resources Nl · ASX:EMR
Emerald Resources Nl — Shareholder Meeting (November 2022)
27 slides from Emerald Resources Nl's shareholder meeting presentation, November 2022
Slide 1: Emerald Resources NL 2022 AGM Presentation
Emerald Resources NL 2022 AGM Presentation ASX:EMR
Slide 2: Presentation Disclaimer
Presentation Disclaimer Forward Looking Statement This presentation contains certain forward looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections about the industry in which Emerald Resourc
Slide 3: Why Invest in Emerald?
Why Invest in Emerald? Emeralds aim: To become a multiple mine diversified gold mining company. This is to be achieved by: ▪ Board and management team with a reputation for reliable development and operation: - A history of success spanning ~ 30 years; TEAM - In house development team delivered 5 pr
Slide 4: Emerald at a Glance
Emerald at a Glance Capital Structure Shareholder Structure ASX Code EMR Institutional Retail & High Net Investors Share Price $1.15¹ Worth Investors 46% 34% Market Cap (undiluted) A$683M 1 Share Price as at 22 November 2022.. There are also 17.4M unlisted options on issue with exercise prices rangi
Slide 5: Okvau Gold Mine
Okvau Gold Mine Location Mondulkiri Province, Cambodia Ownership 100% Emerald (ultimate parent entity) Type Open pit mining Initial Indicated and Inferred Mineral Resource Resource Estimate of 1.06Moz at 1.91g/t Au (March 2021) Initial Reserve 14.3Mt & 2.0g/t Au for 0.9Mozs in a single (March 2021)
Slide 6: Cambodia Exploration Upside
Cambodia Exploration Upside ▪ Okvau reserve expansion; ▪ Okvau near mine - Samnang, Preak Long, Antrong (new); ▪ Memot - high grade, second operation; ▪ Regional exploration potential. ASX: EMR | www.emeraldresources.com.au 6
Slide 7: Okvau Resource Growth
Okvau Resource Growth Southern Eastern Depth Extension Northern Near Surface Extension ❑ 11m @ 8.40g/t from 399m (DD11OKV091); ❑ 3m @ 36.19g/t from 13m (140_675_015); ❑ 10m @ 9.67g/t from 411m (DD12OKV108); ❑ 4m @ 9.05g/t from 1m (145_665_106); ❑ 3m @ 14.28g/t from 432m (DD16OKV372); ❑ 7m @ 4.18g/t
Slide 8: Okvau Drill Intersections included in the Updated Resource-Reserve
Okvau Drill Intersections included in the Updated Resource-Reserve ❑ 10m @ 14.17g/t Au from 258m (RCDD22OKV449) ; ❑ 15m @ 11.92g/t Au from 143m (RC19OKV390); ❑ 8m @ 19.98g/t Au from 172m (RC19OKV397); ❑ 6m @ 14.10g/t Au from 323m (RCDD22OKV444) ; ❑ 6m @ 11.40g/t Au from 258m (RCDD20OKV424); ❑ 6m @ 9
Slide 9: Okvau Resource Growth
Okvau Resource Growth Reference is made to the Company’s ASX Quarterly release dated 31 October 2022. ASX: EMR | www.emeraldresources.com.au 9
Slide 10: Regional Exploration Potential
Regional Exploration Potential ❑ Dominant land position of 1,639km² covering a north-west trending zone of granitoid intrusions; ❑ Multiple Gold occurrences with direct associations with intrusions with pathfinder multi-elements (bismuth, arsenic, tellurium). Phnom Ktung Licence Ochhung Ochhung Lice
Slide 11: Memot Gold Project - 100% EMR
Memot Gold Project - 100% EMR Refer to the Company’s ASX Announcements dated 30 April 2021. ASX: EMR | www.emeraldresources.com.au 11
Slide 12: Memot Gold Project – Ongoing Maiden Drilling Programme
Memot Gold Project – Ongoing Maiden Drilling Programme Refer to the Company’s ASX Announcements dated 29 July 2022, 30 January 2022, 29 April 2022. ASX: EMR | www.emeraldresources.com.au 12
Slide 13: Memot Gold Project – Ongoing Maiden Drilling Programme
Memot Gold Project – Ongoing Maiden Drilling Programme Drilling results on the Memot Gold Project include the following:- Historical Results Recent EMR results ❑ 0.3m @ 145.00g/t from 14.2m (ML3); ❑ 1m @ 37.20g/t from 33m (DD21MMT005); ❑ 3.54m @ 10.30g/t from 0m (ZK8-1); ❑ 1m @ 31.70g/t from 49m (DD
Slide 14: Memot Gold Project - Historical Workings & Recent Geochemistry
Memot Gold Project - Historical Workings & Recent Geochemistry Historical miners exploited high grade underground +3km multi-element geochemical anomaly at a 30ppb gold contour with peak results of 2320, 1790,1420,1000, 958, 660, 558ppb Au. Refer to the Company’s ASX Announcement dated 29 July 2022
Slide 15: Environmental, Social & Governance
Environmental, Social & Governance ▪ Focussed on a (net) positive impact; ▪ Setting the benchmark for the mining industry in Cambodia; and ▪ Development of a climate strategy, including carbon neutrality targets underway. ASX: EMR | www.emeraldresources.com.au 15
Slide 16: Environmental & Social Values
Environmental & Social Values Emerald strives to operate in a safe, responsible and sustainable manner to generate value for shareholders whilst working collaboratively with our local stakeholders to create positive and enduring social and environmental outcomes: ❑ Highest environmental and safety s
Slide 17: Bullseye Mining Limited (EMR 59.32%)
Bullseye Mining Limited (EMR 59.32%) ▪ Australian asset; ▪ 6.4km Boundary Bungarra mineralised zone; ▪ Resource and reserve expected within 12 months; ▪ 1,200km² of prospective tenure. ASX: EMR | www.emeraldresources.com.au 17
Slide 18: Bullseye Takeover Summary
Bullseye Takeover Summary Emerald lodged a Bidders Statement for Bullseye Mining Limited (Bullseye), an Australian unlisted public company, on 8 December 2021 and closed the offer on 17 June 2022 with a direct equity interest of ~ 60%. Key terms of the Offer were:- ❑ Bullseye shareholders received 1
Slide 19: Bullseye Projects and Location
Bullseye Projects and Location ❑ Bullseye hold three Western Australian gold projects totaling in excess of 1,200km2 of highly prospective gold tenure; ❑ Their most advanced project is the North Laverton Gold Project: ▪ located in Western Australia, within one of the worlds richest and most establis
Slide 20: North Laverton – Boundary-Bungarra Prospect
North Laverton – Boundary-Bungarra Prospect The North Laverton Gold Projects most advanced prospect is the Boundary-Bungarra Prospect:- ❑ Four granted mining licences covering 36km2 over the Boundary-Bungarra Prospect; ❑ JORC compliant resource calculated in 2015 based on limited shallow (average to
Slide 21: North Laverton – Boundary-Bungarra Prospect
North Laverton – Boundary-Bungarra Prospect ❑ 98,000m resource definition drilling programme underway; ❑ Following up existing significate results across ~114,000m of existing drilling completed to an average depth of ~120m. Significant intersections over the Boundary-Bungarra Prospect to date inclu
Slide 22: North Laverton – Boundary-Bungarra Long Sections
North Laverton – Boundary-Bungarra Long Sections Long Section of the Boundary, Neptune and Stirling Prospects Refer to the Company’s ASX Announcement dated 15 July 2022. ASX: EMR | www.emeraldresources.com.au 22
Slide 23: North Laverton – Boundary-Bungarra Long Sections
North Laverton – Boundary-Bungarra Long Sections Long Section of the Hurleys and Bungarra Prospects Refer to the Company’s ASX Announcement dated 15 July 2022. ASX: EMR | www.emeraldresources.com.au 23
Slide 24: Bullseye – Other Matters
Bullseye – Other Matters Blue Cap Joint Venture ceased operations on 30 June 2022 and has now been dissolved. Tenure Plaints; (position unchanged - no risk to core assets; low risk to peripheral non-core tenure) Between the dates of 27 June 2019 through to 12 March 2020, the Bullseye had received ap
Slide 25: Upcoming Developments
Upcoming Developments Q4 2022 Okvau resource upgrade Ongoing North Laverton drilling results Ongoing Memot drilling results Q1/Q2 2023 Near mine Okvau Gold Mine drilling results Q2 2023 North Laverton resource update Q2 2023 Memot maiden resource Q4 2023 North Laverton feasibility study Ongoing Othe
Slide 26: Key Takeaways
Key Takeaways ▪ Board and management team with a reputation for reliable development and TEAM operation ▪ Team aligned with shareholders ▪ Okvau project steady state highly profitable OKVAU GOLD ▪ 124,022oz produced project to date MINE ▪ AISC of US$768/oz since full commissioning in September 2021
Slide 27: Thank You
Thank You ASX: EMR | www.emeraldresources.com.au 27
Emerald Resources NL — Shareholder Meeting (November 2022) on 6ix