Mining Americas Inc. · TSX:MAI
Mining Americas — Minera Alamos — Soar Financial E-Conference July 2020
18 slides from Mining Americas's conference presentation, Jul 8, 2020
Slide 1: Proven Mine Development Team
Proven Mine Development Team Building The Next Mid-Tier Gold Mining Company Soar Financial E-Conference July 8th 2020 TSX-V: MAI / OTCQB: 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 at PROVEN BUILDERS DEVELOPMENT STAGE • 3 successful mines put into production in last 12 years • 100 % Owned Assets • Strong operational expertise in heap leach mining • 2 high-quality, open pit development-stage assets • Ability to
Slide 4: Company snapshot
Capital Structure Company snapshot Capital Structure Shareholder Distribution Ticker TSXV:MAI / OTCQB:MAIFF Osisko Gold Royalties Share Price (as of July 7th, 2020) C$0.54 Retail & other 18.7% 52.2% Basic Shares Outstanding 410.2M Donald Smith Value Fund Options 23.0M 9.6% Warrants 2.6M Aegis Financ
Slide 5: Equity Performance: Relative Performance
Equity Performance Outperformance of Peer Group, Gold and GDXJ • Minera Alamos has outperformed each Minera Alamos Performance Versus Gold Price and Peers | Since June 1, 2019 of the GDXJ, gold price, and its peer group since June 1, 2019 500% • Minera Alamos saw ~81M warrants expire or be exercised
Slide 6: Outperformance of Peer Group, Gold and GDXJ
Equity Performance Outperformance of Peer Group, Gold and GDXJ Minera Alamos Performance Versus Gold Price and Peers | Since June 1, 2019 HRT -46% OSK 16% AUG 29% MAX 33% SBB 62% LUM 64% KOR 64% MOZ 75% TML 143% GOLD 151% PGM 259% OLA 271% MAI 414% LGD 486% -100% 0% 100% 200% 300% 400% 500% 600% Sou
Slide 7: Management & Board of Directors
The Team Management & Board of Directors Darren Koningen • +20 years of engineering/metallurgical experience and led the development of Castle Gold’s El Castillo project prior to its sale to Argonaut CEO and Director • Designed, constructed, commissioned and operated two gold heap leach operations i
Slide 8: High Quality Assets
High Quality Assets Santana – 100% owned La Fortuna – 100% owned TSX-V: MAI
Slide 9: Santana Project: Near-term production opportunity
Santana Project Near-term production opportunity Low CAPEX (~C$10m) heap leach development project with bulk test mining completed and permits approved 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 Mi
Slide 10: Construction Funding Announced
Economics Construction Funding Announced $14 Million Royalty/Equity Construction Announced December 2019 • $6 million equity financing with largest shareholder Osisko Gold Royalties increasing their stake in the Company from 12.5% to 18.7% (Completed) • Third consecutive straight share (no warrant)
Slide 11: 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 12: Santana Construction Highlights
Santana Project Construction Highlights Crushing, Screening & Agglomeration System Purchase • Design capacity of approximately 300 tph (5,000-6,000 tpd) taking run-of- mine (“ROM”) heap leach material and crushing/screening (three stage crushing) to a fine size passing 3/8” • The system will provide
Slide 13: Santana Exploration potential
Santana Project Exploration potential Divisadero Zone (2018 & 2019 Drilling Discovery) Potential to define a significant gold mineral district (>1-2MMoz potential) • Gold-silver discovery ~200m N of Nicho Norte ➢ 95.7 m @ 0.85 g/t Au, 9.8 g/t Ag Multiple targets; New discoveries; Actively being dril
Slide 14: La Fortuna PEA – High Grade Open Pit
La Fortuna Project PEA – High Grade Open Pit A high-grade, low-CAPEX open pit operation with significant resource expansion potential – Notice of Permit Approval received Location • Durango State, Mexico; 100% owned • ~6,200 ha Infrastructure • Easily accessible via a 100 km road from Culiacan, the
Slide 15: La Fortuna 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 Ave. Annual Production 11 months 43k oz Au, 220K oz Ag 1,000 t Cu (50k oz AuEq) US
Slide 16: Path to a mid tier producer – 1st steps
Growth Model Path to a mid tier producer – 1st steps >150,000K per annum Acquire 3rd Santana asset La Fortuna Expansion • Targeting +/- 700k quality ounces • Low Capex • Exploration driven expansion Santana • Large land package • Low Capex Build derived from ongoing drilling supported by royalty and
Slide 17: Executing in 2020 – The Transition to Gold Producer
Real business in action Executing in 2020 – The Transition to Gold Producer Santana Mine Construction Ongoing Q1 – Q4 Santana- Start of Mining Operations Q4 or Q1 ‘21 Santana- Phase 3 Exploration Ongoing Q2 – Q4 La Fortuna - Permit Issuance / Finalize Debt Negotiations Q3 – Q4 Ongoing Evaluation of
Slide 18: Thank You
Thank You TSX-V: MAI
Minera Alamos — Soar Financial E-Conference July 2020 on 6ix