Antilles Gold Ltd · ASX:AAU
Antilles Gold — Non-Deal Roadshow (December 2025)
20 slides from Antilles Gold's roadshow presentation, Dec 2, 2025
Slide 1: Updated Corporate Presentation
2 December 2025 UPDATED CORPORATE PRESENTATION Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX Code: AAU) is pleased to provide the attached updated Corporate Presentation which is intended to be used in non-deal presentations to potential investors in Hong Kong next month, and to part
Slide 2: Potential of Antilles Gold's Investment in Minera La Victoria S.A.
For personal use only Potential of Antilles Gold’s Investment in Cuban Mining Company Minera La Victoria S.A. Developing Gold, Copper and Antimony Mines in Mineral-Rich Cuba INVESTOR PRESENTATION 1 December 2025
Slide 3: Forward-Looking Statement Disclaimer
Forward-Looking Statement For personal use only Disclaimer Some of the statements contained in this Presentation are forward-looking statements, such as approvals and necessary permitting, impurities in products and other risks involved in the mineral statements that describe Antilles Gold Limited (
Slide 4: Antilles Gold investment in Minera La Victoria and MLV mining projects
For personal use only Antilles Gold Limited (ASX:AAU) has to date invested ~US$20M (~A$30M) in its Cayman Islands registered subsidiary, Antilles Gold Inc, to enable it to contribute US$15M of equity and loans to 50% owned Cuban mining company, Minera La Victoria SA (“MLV”). MLV is undertaking two n
Slide 5: Joint Venture Projects: MLV Exploration Projects
JOINT VENTURE PROJECTS MLV Exploration Projects For personal use only Drilling El Pilar Porphyry 752ha Nueva Sabana concession in central Cuba covers three Copper Deposit, Cuba identified porphyry copper intrusives (El Pilar, Gaspar, and Camilo) in addition to the Nueva Sabana deposit 17,000ha S
Slide 6: Forecast Future Cash Generation; Share Issues and Top Shareholders
Forecast Future Cash Generation for Nueva Sabana & La Demajagua Mines For personal use only Nueva Sabana Surplus Cash ~US$163M (~A$250M) (refer p.9) La Demajagua Surplus Cash ~US$356M (~A$548M) (refer p.12)* Combined Free Cashflow (2027 to 2037) ~US$619M (~A$952M) * * The projections for La Demajagu
Slide 7: Cuba – is an excellent mining jurisdiction
Cuba – is an excellent mining jurisdiction For personal use only Cuba is mineral rich, and under-explored, with low operating costs and 3% mineral royalties The Government is encouraging foreign investment in the mining sector, and has realistic mining and environmental regulations, with the par
Slide 8: Nueva Sabana Gold-Copper Mine (Stage One)
Nueva Sabana Gold-Copper Mine (Stage One) For personal use only Construction of the Nueva Sabana open pit mine will commence in January 2026, with commissioning expected in December 2026 for the production of gold, and copper-gold concentrates. The deposit has a small gold The mining concession also
Slide 9: Nueva Sabana Gold-Copper Mine (Stage One) Pre-feasibility Study
Nueva Sabana Gold - Copper Mine (Stage One) For personal use only A Pre-feasibility Study for the project has been completed with a Summary reported to ASX on 13 January 2025 based on the first stage of the pit being limited to 100m depth, with a 4-year life at a mining rate of 500,000tpa of ore.
Slide 10: Highlights of Financial Analysis for Nueva Sabana Mine PFS
For personal use only Nueva Sabana Gold - Copper Mine (Stage One) HIGHLIGHTS OF FINANCIAL ANALYSIS FOR NUEVA SABANA MINE PFS (STAGE ONE)* US$M Pre-Development Costs including acquisition of concession 7.0 Mine Development Costs including engineering, construction, contingency, project 35.9 managemen
Slide 11: La Demajagua Gold-Silver-Antimony Mine (Stage One)
La Demajagua Gold-Silver-Antimony Mine (Stage One) For personal use only The La Demajagua gold-silver-antimony deposit is planned to be developed in 2027-28 initially as an open pit mine to produce a gold-arsenopyrite concentrate and antimony cathodes for 9 years, and is expected to be followed by u
Slide 12: La Demajagua Gold-Silver-Antimony Mine
For personal use only La Demajagua Gold-Silver-Antimony Mine The La Demajagua mine will produce a single bulk gold-arsenopyrite concentrate containing silver and antimony from which the majority of the antimony will be extracted in the form of 98% Sb cathodes The residual gold-arsenopyrite conce
Slide 13: Highlights of Financial Analysis for La Demajagua Mine (Stage One)
La Demajagua Gold-Silver-Antimony Mine (Stage One) For personal use only HIGHLIGHTS OF FINANCIAL ANALYSIS FOR LA DEMAJAGUA MINE (STAGE ONE) (Scoping Study published 30 March 2023 – all material assumptions underpinning the production targets continue to apply and have not materially changed, in acco
Slide 14: Proposed Development Timetable
PROPOSED DEVELOPMENT PROPOSED DEVELOPMENT For personal use only TIMETABLE TIMETABLE 2026 2027 2028 2029 NUEVA SABANA COPPER GOLD MINE (Joint Venture) Construction Commissioning Cash Flow To July 2031 LA DEMAJAGUA GOLD-SILVER-ANTIMONY MINE MINE (Joint Venture) Infill Drilling DFS Construction Commiss
Slide 15: Copper Exploration Projects: El Pilar Porphyry System
COPPER EXPLORATION PROJECTS For personal use only El Pilar Porphyry System The 752ha Nueva Sabana concession in central Cuba covers the El Pilar porphyry copper system, and the Nueva Sabana mine The site is flat, unoccupied, and ideally located adjacent to a major highway, high tension power, and
Slide 16: Sierra Maestra Copper Belt
For personal use only Sierra Maestra Copper Belt Competent Person Statement A highly prospective area of outcropping copper-gold-molybdenum mineralisation has been discovered by Antilles Gold in the Sierra Maestra copper belt in south-east Cuba Christian Grainger PhD. AIG The 3,600ha La Cristina c
Slide 17: Experienced Directors
Experienced Directors For personal use only Brian Johnson Ugo Cario Non-Executive Chairman Non-Executive Director Mr Johnson is a graduate in civil engineering from the University of Mr Cario has over 30 years’ of experience in the Australian mining Western Australia and a Member of the Institute of
Slide 18: Experienced Senior Management
Experienced Senior Management For personal use only Dr Jinxing Ji Steve Mertens Technical Director Mining Director Dr Ji highly knowledgeable metallurgist with 6 years of research Mr Mertens is a mining engineer with 20 years’ industry experience experience in universities and 26 years of practical
Slide 19: Corporate Structure
For personal use only CORPORATE STRUCTURE Page 18
Slide 20: For more information please contact
For personal use only For more information please contact Brian Johnson Email: brianjohnson@antillesgold.net | Phone: +61 2 481 1740 | Website: www.antillesgold.net Page 19