Landore Resources Limited · LSE:LND
Landore Resources — Investor Presentation (August 2023)
23 slides from Landore Resources's investor presentation, August 2023
Slide 1: BAM Gold Project
BAM GOLD PROJECT J u n i o r L a k e P r o p e r t y N o r t h w e s t e r n O n t a r i o August 2023 www.landore.com
Slide 2: Important Notice
Landore Resources Limited Important Notice The information contained in this presentation (this "presentation") has been prepared by Landore Resources Limited ("the Company") as at the date of this presentation and is subject to updating, completion, revision, further verification and amendment with
Slide 3: Corporate Value Proposition
Corporate Value Proposition Currently listed on the London AIM Exchange under LND.L Average share price in July 2023 was 8.5 pence (GB), equivalent to C$0.147 Upcoming new listing on the Toronto TSX-V exchange in August 2023 New Canadian Management Team, including new CEO since early July 20
Slide 4: Top Executive Team
Top Executive Team Executives and Directors Management Claude F. Lemasson| Chief Executive Officer and Michele Tuomi | CEO and Director – Landore Director – Landore Resources Limited (Parent Resources Canada Inc. (Subsidiary) Company) o Professional Geologist with +20 years mineral exploration o
Slide 5: Landore Properties - Canada
Landore Properties - Canada Politically Secure and Mining Friendly CANADA USA NEWFOUNDLAND Hudson Bay AND LABRADOR QUEBEC ONTARIO Lessard Junior Chibougamau Lake Thunder Bay Sudbury Lake Superior Montreal Lake Huron Toronto USA USA 5
Slide 6: Principal Precious Metals Mines - Ontario
Principal Precious Metals Mines - Ontario One of the Top Ten Mining Jurisdictions in the World ONTARIO Mine 1 Red Lake Gold 2 2 Musselwhite Gold 1 3 Rainy River Gold Red Lake Junior Lake 4 Lac des Iles PGEs 4 6 7 5 3 5 Timmins 8 Hemlo Gold Thunder Bay 9 Kirkland Lake 6 Detour Lake Gold Lake Superior
Slide 7: Junior Lake Project
Junior Lake Project Infrastructure Good road access Proposed Hydro Station Little Jackfish River Junior Lake Abundant water Proposed hydropower generating station (approx. 20kms) Canadian National Rail (approx. 13kms) Thunder Bay port facilities on Lake Superior 7
Slide 8: BAM Gold Project
BAM Gold Project Highly prospective Archean greenstone belt with over 40km strike length on the Junior Lake property High drilling success: 21 ounces of gold for every metre drilled on the BAM Zone Low Discovery cost of US$11.45 per ounce 1.03 Million oz in Measured & Indicated Category and
Slide 9: Junior Lake Property
Junior Lake Property 33,029 Hectares Tape Lake Lithium Junior Lake Property Lamaune Iron Despard Lithium Swole Lithium BAM Gold Deposit 1.5 Million ounces gold at 1 g/t (Jan 2022) Mining Leases 21-year renewable mining, surface rights Lamaune Gold Au Exploration Target B4-7 Ni-Cu-Co-PGE ONTARIO Depo
Slide 10: Junior Lake - BAM Gold Deposit
Junior Lake - BAM Gold Deposit January 2022 NI43-101 Mineral Resource Update 1,496,000 ounces gold At 0.3 g/t cut off Category Tonnes Grade (g/t Au) Contained Gold (oz) Indicated 30,965,000 1.0 1,029,000 Inferred 18,266,000 0.8 467,000 2016 Discovery of the Year Award North West Ontario Prospectors
Slide 11: BAM Gold Project
BAM Gold Project January 2022 NI43-101 Mineral Resource Update 11
Slide 12: BAM Gold Project
BAM Gold Project January 2022 NI43-101 Mineral Resource Update – Long Section Showing Resource Classification 12
Slide 13: Proposed Drilling - October 2023 - March 2024
Proposed Drilling - October 2023 - March 2024 Focus on advancing the highly prospective BAM Gold Project Drilling 15,000 metres – Drilling within the BAM Gold Project of existing resource and follow-up on identified gold targets along strike Resource Estimate Following results from new drilling
Slide 14: Significant Growth Potential for Gold
Significant Growth Potential for Gold Soil Gold Anomalies along East-West strike Lamaune Gold Exploration Target Alpha Zone PGE Prospect Carrot Top Ni-PGE BAM Gold Prospect Deposit Grassy Pond Au-Ni- Cu-Co-PGE Prospect Felix Lake Au B4-7 Ni-Cu-Co-PGE Prospect Deposit B4-8 Ni-Cu-Co-PGE VW Ni Deposit
Slide 15: BAM Gold Project Supplemental Slides
BAM Gold Project Supplemental Slides 15
Slide 16: Junior Lake Projects - Preparing for Development
Junior Lake Projects - Preparing for Development Mining Leases Baseline Studies • 6 mining leases covering 7,862 hectares • Baseline surface water quality monitoring of area • 21 yrs renewable for further terms of 21 yrs lakes and streams on-going since 2007 • Right, subject to provisions of certain
Slide 17: BAM Gold Project
BAM Gold Project February 2022 NI43-101 Mineral Resource Update Significant Drilling Results and Block Model Estimate 17
Slide 18: BAM Gold Project - January 2022 MRE
BAM Gold Project - January 2022 MRE BAM Block Model Jan 2022 BAM Block Model 2019 Contained Contained Au g/t cut Tonnes Grade Au Ok Fin Tonnes Grade Res Cat Metal Res Cat Metal off (kT) (g/t Au) cut off (kT) (g/t Au) (kOz Au) (kOz Au) >0.0 33,201 1.0 1,045 0.0 -> 25,537 0.9 772 IND IND >0.3 30,965 1
Slide 19: BAM Gold Project
BAM Gold Project Detailed Metallurgical Assessment – January 2019 • 98% extraction of gold achievable with: o Conventional milling o Grinding to 100% passing 212 micron o gravity separation (+65%); and o Cyanide leaching • Very Low Reagent Consumption o Cyanide consumption at ±0.40 kg/t o Lime consu
Slide 20: BAM Gold Project
BAM Gold Project Preliminary Economic Assessment Highlights – May 2022 Project Physicals Parameter Units Base Case Project Life (Total) Years 11.50 Yr(s) Mine Life (Total) Years 10.75 Yr(s) Ore Mined kt 22,388 Waste Mined kt 178,168 Total Mined kt 200,555 Gold Grade g/t 1.16 g/t Contained Au Mined a
Slide 21: BAM Gold Project
BAM Gold Project Preliminary Economic Assessment Highlights – May 2022 Project Financials Parameter Units Base Case Gold Price (Average LOM) USD/oz 1,800 / oz Net Gold Revenue (Ex Site) USD M 1,464.66 Initial Capex USD M 85.45 Sustaining Capex and Mine Development costs USD M 2.24 AISC including Ont
Slide 22: BAM Gold Project
BAM Gold Project Preliminary Economic Assessment Highlights – May 2022 BAM Gold Project Gold Price Sensitivity Analysis: Base Case, Pre-Tax Base Case - Pre Tax Gold Price -40% -30% -20% -10% 0% 10% 20% 30% 40% NPV -106.90 3.11 113.13 223.14 333.15 443.16 553.17 663.18 773.20 Ave. Gol d Pri ce (US $/
Slide 23: BAM Gold Project
BAM Gold Project Preliminary Economic Assessment Highlights – May 2022 BAM Gold Project Gold Price Sensitivity Analysis: Base Case, Post Tax Base Case - Post Tax Gold Price -40% -30% -20% -10% 0% 10% 20% 30% 40% NPV -111.02 -15.30 74.09 154.20 231.28 306.92 382.03 457.12 532.33 Ave. Gol d Pri ce (US
Landore Resources — Investor Presentation (August 2023) on 6ix