Landore Resources Limited · LSE:LND
Landore Resources — Investor Presentation (February 2021)
23 slides from Landore Resources's investor presentation, Feb 15, 2021
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 February 2021 www.landore.com
Slide 2: Important Notice
Landore Resources Ltd. 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 without
Slide 3: Executive Summary
Executive Summary Focused on the 100% owned Junior Lake Gold project in Ontario 1.015M oz resource with multi-million oz potential Highly prospective Archean greenstone belt with over 30km strike length Robust PEA completed in February 2019 Low discovery cost: US$8.47 per ounce gold discov
Slide 4: Management Team
Management Team Executive Directors Management William Humphries | Chief Executive Officer Michele Tuomi | VP Exploration and Director o Bill Humphries has over 46 years’ experience in the mining o Professional Geologist with +20 years mineral exploration and civil engineering industries experie
Slide 5: Landore Properties - Canada
Landore Properties - Canada Politically Secure and Mining Friendly CANADA USA NEWFOUNDLAND Hudson Bay AND LABRADOR QUEBEC ONTARIO Miminiska Lessard Lake Junior Chibougamau Lake Thunder Bay Seeley Lake Sudbury Lake Superior Montreal Lake Huron Toronto USA USA 5
Slide 6: Landore Gold Properties - Ontario
Landore Gold Properties - Ontario One of the Top Ten Mining Jurisdictions in the World ONTARIO Gold Mine 1 Red Lake Gold Mine 2 2 Musselwhite Mine 1 3 Hemlo Mine Red Lake Junior Lake 4 Detour Lake Gold Mine 4 5 5 Porcupine 3 Timmins 6 Thunder Bay 7 Kirkland Lake 6 Macassa Mine Lake Superior Sudbury
Slide 7: Junior Lake Property
Junior Lake Property 30,507 Hectares Tape Lake Lithium Junior Lake Property Lamaune Iron Despard Lithium Swole Lithium BAM Gold Deposit 1,015,000 ounces gold at 1.02g/t Mining Leases 21-year renewable Lamaune Gold Prospect mining, surface rights B4-7 Ni/Cu Deposit ONTARIO Junior VW Ni Deposit Lake 7
Slide 8: BAM Gold Project Mineral Resources
BAM Gold Project Mineral Resources December 2019 NI43-101 Mineral Resource Update 1,015,000 ounces gold At 0.3 g/t cut off Category Tonnes Grade (g/t Au) Contained Gold (oz) Indicated 21,930,000 1.06 747,000 Inferred 9,153,000 0.91 268,000 2016 Discovery of the Year Award North West Ontario Prospect
Slide 9: Preliminary Economic Assessment Highlights – February 2019
BAM Gold Project Preliminary Economic Assessment Highlights – February 2019 Project Physicals Parameter Unit Base Case Extended Case Project Life (Total) (years) 6.75 10.25 Mine Life (Total) (years) 6.25 9.75 Ore Mined (000 t) 12,666 19,686 Waste Mined (000 t) 63,428 98,584 Total Mined (000 t) 76,09
Slide 10: Preliminary Economic Assessment Highlights – January 2020
BAM Gold Project Preliminary Economic Assessment Highlights – January 2020 Project Financials Parameter Unit Base Case Extended Case Gold Price (Average LOM) (US$/oz) 1,500 1,500 Net Gold Revenue (Ex Site) (US$M) 731.03 1,136.20 Initial Capex (US$M) 93.81 93.81 Sustaining Capex & Mine Dev’t Costs (U
Slide 11: Post-Tax NPV Gold Price Sensitivity Analysis
BAM Gold Project Preliminary Economic Assessment Highlights – January 2020 BAM Gold Project Gold Price Sensitivity Analysis: Extended Case, Post Tax BAM Gold Project Post-Tax Sensitivity Analysis - Extension Case (USD $1500) US$ 500.M US$ 400.M US$ 300.M Post-Tax NPV US$ 200.M US$ 100.M US$ 0.M Plan
Slide 12: December 2019 Pit Design
BAM Gold Project December 2019 Pit Design WEST PIT EAST PIT 2019 Block Model – New Pit Shell (Run B at USD$1500) Additional resources within the main Main BAM mineralisation interpretation has BAM mineralisation, after recent been modified in 2019 – tightened drilling interpretation around higher gr
Slide 13: December 2019 Cross Section 2350E
BAM Gold Project December 2019 Cross Section 2350E 13
Slide 14: Detailed Metallurgical Assessment – January 2019
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 15: 2019-2020 Exploration Program
2019-2020 Exploration Program Established Gold Potential West and East of the BAM Gold Deposit • BAM Gold Deposit • Extension drilling delineated Inferred resource for a further 500 metres west of existing resource • Exploration • Geophysics and Soil Sampling defined gold trends for 7 kilometres to
Slide 16: Regional Growth Potential – Soil Gold Anomalies
Regional Growth Potential Soil Gold Anomalies BAM Gold Deposit B4-7 Ni/Cu Deposit VW Ni Deposit 16
Slide 17: Regional Growth Potential – Soil Gold Trends
Regional Growth Potential Soil Gold Trends Soil Gold Trends BAM Gold Deposit B4-7 Ni/Cu Deposit VW Ni Deposit 17
Slide 18: Regional Growth Potential – Soil Copper Anomalies
Regional Growth Potential Soil Copper Anomalies – Pathfinder Element BAM Gold Deposit B4-7 Ni/Cu Deposit VW Ni Deposit 18
Slide 19: Resource Growth – Depth Potential
BAM Gold Project Resource Growth – Depth Potential Interpreted plunge of HG mineralisation Potential HG Deep within the BAM Target Zone in BAM Sequence Sequence • Potential down plunge deep target drilling for possible Open Pit cut back or underground mining 19
Slide 20: Preparing for Development
BAM Gold Project Preparing for Development Mining Leases Baseline Studies • 6 mining leases covering 7,862 hectares • Baseline surface water quality monitoring of area lakes and streams on-going since 2007 • 21 years renewable for further terms of 21 years • Environmental Baseline study of Vegetatio
Slide 21: Junior Lake Nickel Project
Junior Lake Nickel Project December 2017 Mineral Resource Estimate: B4-7 Nickel-Copper-Cobalt-PGEs Deposit Category Tonnes Grade (NiEQ%) Contained Metal (tonnes) Indicated 3,292,000 1.20 39,504 Inferred 568,000 1.26 7,157 B4-7 Exploration Target 1.5 to 2.0 million tonnes at similar grades as Resourc
Slide 22: Junior Lake Nickel Project – B4-7 Deposit
Junior Lake Nickel Project B4-7 Deposit – Open Pit, Underground Resource Underground Resource: 568,000 tonnes at 1.26% NiEq Inferred Open Pit Resource: 1,772,000 tonnes at 1.20% NiEq Indicated Underground Resource: 1,520,000 tonnes at 1.25% NiEq Indicated 22
Slide 23: Corporate Structure
Landore Resources Ltd. Corporate Structure AIM Listed Shareholders Landore Resources Limited “Guernsey Co.” 100% Landore Resources Canada Inc. Lamaune Iron Inc. “Landore” 90.3% “Lamaune” 100% Brancote US Inc. 23
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