Mining Americas Inc. · TSX:MAI
Mining Americas — Minera Alamos — Investor Presentation (November 2024)
38 slides from Mining Americas's investor presentation, November 2024
Slide 1: Building the Next Mid-tier Gold Company
Building the Next Mid-tier Gold Company TSX.V: MAI | OTCQX: MAIFF November 2024
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains “forward-looking information” within discussion and analysis dated December 31, 2023 (the “MD&A”) 2018; (ii) NI 43-101 Technical Report titled “Preliminary Economic Corporation believes that its market, industry and economic the meaning of applic
Slide 3: Why Invest in Minera Alamos?
Why Invest in Minera Alamos? 1 – Heap leach and Underground mining expertise We are proven builders – Extensive Mineral Processing experience Copperstone – Ability to expedite projects & minimize initial CAPEX – Same team that placed 4 mines into production Santana Mine 2 – 1 mining operation in pro
Slide 4: Transaction Summary
Transaction Summary Proposed • Minera Alamos to acquire Sabre Gold Mines Corp. (“Sabre”) via a Plan of Arrangement Transaction • Pro forma ownership: ~86% Minera Alamos / 14% Sabre1 Consideration • 0.693 Minera Alamos shares per common share of Sabre • Sabre to settle ~C$9.4M of debts outstanding pr
Slide 5: Sabre Gold Transaction Highlights
Sabre Gold Transaction Highlights ✓ Acquisition of Past Producing Copperstone Mine Historic production of 514k oz gold – Potential for near-term mine restart with existing infrastructure. Permitted Plan of Operations in place for the mine ✓ Creation of a Diversified North American Gold Producer Plat
Slide 6: Relative Contribution
Relative Contribution Accretive on Key Metrics Pro Forma Ownership 14% 86% Net Asset Value 19% 81% M&I Au Resources 37% 63% 2026 Au Production 38% 62% Sabre Minera Alamos Notes: 1. “Net Asset Value” is based on Minera Alamos consensus NAV and Copperstone Project after-tax NPV (5%) at $2,000/oz Au. S
Slide 7: Mutual Shareholder Benefits
Mutual Shareholder Benefits Benefits to Minera Alamos Shareholders Benefits to Sabre Shareholders • Addition of a permitted, high-grade, near-term producing • Immediate and attractive premium to Sabre shareholders asset in the United States • Meaningful ownership in an established gold producer • St
Slide 8: Potential Production and Resource Growth
Potential Production and Resource Growth Production Growth1 Resource Growth1 – Incremental ~40,000 oz/y of planned production – Approximate 35% increase in Minera Alamos’ total gold resource inventory to almost 1,900,000 ounces. Combined – Complementary low capital intensity project to existing gold
Slide 9: Increased Exposure to Tier 1 Jurisdictions
Increased Exposure to Tier 1 Jurisdictions Asset NPV by Geography1 M&I Resources by Geography United States Mexico United Mexico 19% 81% States 63% 37% 1 Copperstone Project after-tax NPV (5%) at $2,000/oz Au based on Copperstone 2023 PEA. Minera Alamos NPVs based on select analyst reports. TSX.V: M
Slide 10: Copperstone Mine
Copperstone Mine Arizona, U.S. Copperstone The Copperstone project encompasses approximately 13.8 square Mine miles of surface area and mineral rights in La Paz County, Arizona. The project is wholly held by Sabre Gold, which controls the 546 federal unpatented mining claims comprise the Copperstone
Slide 11: Copperstone Mine Overview
Copperstone Mine Overview PEA – The recent 2023 Preliminary Economic Assessment (PEA) provides a revised start-up mine plan (initial 6 years of production) for the Copperstone project, including revised resource estimates, mining methods, mining dilution and recovery assumptions. – 160,000 m of dril
Slide 12: Copperstone 2023 PEA Summary
Copperstone 2023 PEA Summary After-Tax $1800/oz Au $2000/oz Au 71% NPV (5%) US$61.8 million US$89.3 million IRR 50.5% 71.1% Payback Period 1.8 years 1.3 years Strong IRR After-Tax @ $2,000/oz Au Summary Ave. Annual Production 40,000 oz gold 40,000 oz gold US $36M Pre-Production Capital US$36.3 milli
Slide 13: Copperstone Mine Overview
Copperstone Mine Overview Permitting – Permitting for the restart of mining operations is in place in addition to required water and surface rights. All facilities envisioned in the current PEA are located in “brownfields” locations such that no new surface disturbances are expected. Modifications r
Slide 14: Copperstone Mine Overview
Copperstone Mine Overview Utilization of existing Minera owned Mill – Relocation of a portion of the grinding and flotation equipment already owned by Minera Alamos to be utilized at the Copperstone project. This includes the major equipment items required for reactivation of the crushing, grinding,
Slide 15: Copperstone Resource Statement
Copperstone Resource Statement Mineral Resource Estimate Resource Category Cut-Off Grade Tonnes Average Grade Contained Au (All Zones) Au (g/t) (t) Au (g/t) (oz) Measured 3.15 750,000 8.12 196,000 Indicated 3.15 457,000 7.09 104,000 Total Measured and 3.15 1,207,000 7.74 300,000 Indicated Inferred 3
Slide 16: Growth Model
Growth Model Pushing Growth Along the Mineral Santana Mine Development Lifecycle – In production – Growth Potential High value Copperstone – 6-year initial mine life – Largely Permitted – Exploration Upside Cerro De Oro – 8-year initial mine life – In permitting – Funding secured – Upside Case La Fo
Slide 17: Golden Foundations
Golden Foundations Unveiling Strong Economics in Gold Mining1 Santana ~15 Koz ~200 Koz 10 M Sub $900/oz (mine) Produced to Date Indicated Low Capex Cash Costs in 2022 Cerro ~58 Koz ~790 Koz 28 M $873/oz de Oro Annual Production Inferred Low Capex AISC per 2022 PEA ($1600 gold) (permitting) Coppersto
Slide 18: Low-Cost, Low Capital Intensity
Low-Cost, Low Capital Intensity Path to Intermediate Production Capital Intensity (US$/OZ)1,2 In addition to Santana, Minera Alamos holds three attractive development projects with comparably low capital intensity – (Copperstone subject to completion of Arrangement Agreement with Sabre Gold Mines Co
Slide 19: 2025 Outlook
2025 Outlook Flexible Sequencing – Preparing for dual track development H1 2025 Current Expectations / Assumptions – Cerro De Oro Permits – Copperstone - submit final documents for addition of leaching facilities to existing processing at site – Rehabilitate and installation of larger mill equipment
Slide 20: Minera Alamos Snapshot
Minera Alamos Snapshot Capital Structure1 Shareholder Distribution $C 174M $C 171M 49.2% Retail & Other Market Capitalization Enterprise Value 18.8% High Net Worth Individuals 11.0% Other Institutions 8.0% Aegis Financial 7.0% Donald Smith Family Trust Common Shares Outstanding 470.7 M 6.0% Manageme
Slide 21: Board of Directors / Operating Team
Board of Directors / Operating Team Rich Diversity of Technical Expertise Darren Koningen Doug Ramshaw Kevin Small Ruben Padilla Bruce Durham P.Eng. B.Sc. Mining Geology P.Eng. P.Geo. P.Geo. CEO, Director President, Director Independent Director Independent Director Independent Director 30 years of
Slide 22: Santana Project
~ 15,000 oz gold produced ~6,000 oz of recoverable inventory on pad Sonora State +30,000 m of drilling to date v Grid power nearby and access road available Hermosillo Santana Project La Colorada (Argonaut Gold) San Antonio 100% Owned, Sonora State de La Huerta June 2021 Mining operations commenced
Slide 23: Santana Mine Expansion
Santana Mine Expansion Mining – Direct mining cash costs of C$1180/oz in 2022 Leaching – Leach kinetics continue to track very favourably, with areas under active leach achieving 70% recoveries in 30-45 days and increasing Outlook – Main Nicho pipe is pre-stripped and now available to increase minin
Slide 24: Santana Resource Statement
Santana Resource Statement Mineral Resource Estimate Resource Category Cut-Off Grade Tonnes Average Grade Contained Au (All Zones) Au (g/t) (t) Au (g/t) (oz) Measured 0.15 6,540,000 0.65 136,000 Indicated 0.15 3,070,000 0.64 62,000 Total Measured and 0.15 9,610,000 0.65 198,000 Indicated Inferred 0.
Slide 25: Cerro De Oro
Cerro De Oro 100% Owned (No Royalties), Zacatecas State 70+ holes, 2 gold zones, 1 potential large pit 2020 Open in multiple Project Acquisition directions and at depth 2022 Cerro de Oro Surface rights in place Highway access and Aranzazu Mine 2022 grid power nearby [Aura Minerals] PEA release Noche
Slide 26: Cerro de Oro – Minera's Next Mine
Cerro de Oro – Minera’s Next Mine Economic Key Highlights Production – 8+ year initial mine life – Average annual gold production of ~60,000oz – Life of Mine AISC of $873/oz – 0.3:1 Strip ratio – US$28 M Capex including 30% contingency Low Capital Intensity – Recent Santana build informs capital cos
Slide 27: Cerro de Oro PEA Summary
Cerro de Oro PEA Summary After-Tax NPV (5%) US$150.5 million IRR Payback Period 111% 11 months 111% Strong IRR After-Tax at $1600/oz Au Summary Ave. Annual Production 58,400 oz gold US $28M Pre-Production Capital US$28 million (including 30% contingency) Sustaining Capital US$14.7 million LOM Averag
Slide 28: Cerro De Oro Updated Resource Statement
Cerro De Oro – Minera’s Next Mine Updated Resource Statement Mineral Resource Estimate Resource Category Cut-Off Grade Tonnes Average Grade Contained Au (Oxide Zone) Au (g/t) (t) Au (g/t) (oz) Inferred 0.15 67,000,000 0.37 790,000 Notes: – The independent and QP for the mineral resource estimates, a
Slide 29: Cerro de Oro Funding Package Executed With Auramet
Cerro de Oro Funding Package Executed With Auramet Highlights $15M $10M Of Definitive Documentation* Loan Facility Royalty Package – US$25 Million single source solution – 3-year term (PEA payback of less – 2.75% NSR for initial construction capex than 1 yr at $1600 gold) – Available on receipt of p
Slide 30: La Fortuna Project
La Fortuna Project Durango State 100% owned, Durango State 2016 Project Acquisition 2018 Positive PEA Announced 2020 Federal Permits Received TSX.V: MAI | OTCQX: MAIFF | mineraalamos.com 30
Slide 31: La Fortuna PEA Economic Summary
La Fortuna PEA Economic Summary After-Tax NPV (7.5%) US$69.8M IRR Payback Period 93% 11 months 93% Strong IRR After-Tax Summary Average Annual Production 43k oz Au, 220K oz Ag 1,000 t Cu (50k oz AuEq) Pre-Production Capital US$26.9M LOM Average AISC Mine US$440/oz 5 years $1,250/oz Mill Throughput (
Slide 32: La Fortuna Exploration Potential
La Fortuna Exploration Potential 1 Multiple zones of “La Fortuna-style” mineralization identified 2 Some alteration zones (e.g. PN Prospects area) are significantly greater in scale than those present at La Fortuna 3 No systematic exploration since 2008/09 Zone Description – Parallel fault structure
Slide 33: Our Copper Assets
Sonora State v Grid power nearby and access road available Hermosillo Our Copper Assets La Colorada (Argonaut Gold) 100% Owned, Sonora State San Antonio Los Verdes de La Huerta Suaqui Verde Promontorios Guaymas Ciudad Obregón TSX.V: MAI | OTCQX: MAIFF | mineraalamos.com Navojoa
Slide 34: Minera Copper
“Minera Copper” Copper Capex Doesn’t Have to Start With a “B” Highlights – Just north of the Santana gold project in Sonora, Mexico – Adjacent to a major state highway leading to mineral concentrate ocean port facilities at Guaymas, Sonora – 8-10 million tonnes of open pittable oxide resource potent
Slide 35: Minera Copper
“Minera Copper” Newly Acquired Suaqui Verde oxide copper project Highlights – 50km west of Los Verdes in Sonora, Mexico with excellent infrastructure – 50-60 million tonnes grading 0.3% copper in various historical reports – Over 100 historic drill holes – Historical metallurgical work and engineeri
Slide 36: Minera Copper
“Minera Copper” Copper Capex Doesn’t Have to Start With a “B” Discussions – The Company is continuing discussions both internally and with interested parties to surface value for shareholders from existing copper assets within the Company’s mineral property portfolio. – Several complementary assets
Slide 37: Catalysts
Catalysts Potential Pipeline Anticipated H1 2025 Copperstone, AZ Anticipated H1 2025 Upon Permit Receipt TSX.V: MAI | OTCQX: MAIFF | mineraalamos.com 37
Slide 38: Thank you
Thank you For more information contact us: info@mineraalamos.com /MineraAlamos /MineraAlamos @MineraAlamos @MineraAlamos mineraalamos.com
Minera Alamos — Investor Presentation (November 2024) on 6ix