Drc Gold Corp. · CSE:DRC
Drc Gold — AJN Resources — 121 Mining Investment Cape Town 2024
15 slides from Drc Gold's conference presentation, February 2024
Slide 1: 121 Mining Investment Presentation
121 Mining Investment Presentation CAPE TOWN – FEBRUARY 2024 CSE: AJN | Frankfurt: 5AT
Slide 2: Disclaimer
DISCLAIMER This presentation includes “forward-looking statements,” within the meaning of the U.S. Securities Act of 1933, as amended and the U.S. Securities Exchange Act of 1934, as amended, or the “Exchange Act.” Forward-looking statements are not based on historical information and include, witho
Slide 3: Reasons to Invest
REASONS TO INVEST AQUIRING DRILLING AJN acquiring four highly prospective lithium licences; PR 15282 & PR 14537 Diamond and Reverse Circulation Drilling to commence during 1st Quarter 2024 located on strike to the Manono pegmatites & PR’s 15383 & 15623 at Kabunda, on both projects both within the br
Slide 4: Corporate Structure
CORPORATE STRUCTURE Capitalisation Data(1) Last 12 Months Share Price Performance(1) Share Price C$ 0.25 C$/share Volume (M) Basic S/O(2) M 42.2 0.50 0.45 Market Cap C$M 10.6 0.45 0.40 Cash C$M 1.2 0.40 0.35 0.35 0.30 Board and Management 0.30 0.25 Klaus Eckhof Chief Executive Officer & President 0.
Slide 5: Board and Management
BOARD AND MANAGEMENT KLAUS MARK SHEENA ECKHOF GASSON ECKHOF DIRECTOR, PRESIDENT & CEO DIRECTOR, PRESIDENT & CFO DIRECTOR & INVESTOR RELATIONS Mr. Eckhof is a geologist with more than 30 years of Mr Gasson is a geologist with 38 years of experience and experience developing mineral deposits throughou
Slide 6: AJN's Lithium Projects in Eastern DRC
AJN’S LITHIUM PROJECTS IN EASTERN DRC Kabunda South & Manono NE Project Areas • AJN has the option to acquire 75% interests in PR 15383 & PR 15623 (Kabunda South Project) & 70% interests in PR 15282 (Manono NE Project) and PR 14537 (Manono NNE Project) • Kabunda South Project lies along the southern
Slide 7: Kabunda South Project
KABUNDA SOUTH PROJECT Permits PR 15383 & PR 15623 • Spodumene visually identified within pegmatites identified across the full 7km strike extent of PR 15383 • Two priority target areas identified for drilling: – 1.5km of pegmatite identified in the northern permit area (widths of 50m - 200m) – 1.2km
Slide 8: Manono Northeast Projects
MANONO NORTHEAST PROJECTS Permit PR 15282 & PR 14537 • PR 15282 and PR 14537 potentially transgressed by the continuation of northeast trending Manono pegmatites • Highly weathered pegmatites identified in AVZ’s northernmost trench – pegmatites potentially continue under cover to the northeast • San
Slide 9: Manono Northeast Projects (continued)
MANONO NORTHEAST PROJECTS (continued) • Alluvial tin workings and pegmatitic boulders identified on PR 15282 – significant tin mineralisation identified in stream sediment sampling • Grab samples reported lithium grades of up to 400ppm Li and tin grades up to 1,815ppm Sn • Manono pegmatites lie adja
Slide 10: Manono Northeast Projects (continued)
MANONO NORTHEAST PROJECTS (continued) Stream Sediment Sampling on PR’s 15282 & 14537 • Percussion drilling commenced on PR 15282 and PR 14537 • Approximately 6000m planned on 3 fence lines • Drilling at 50m centres down to a maximum depth of 50m or until bedrock identified • Drilling to test potenti
Slide 11: Deal Terms
DEAL TERMS • Kabunda South PR 15383 (AJN can acquire a 75% project interest) – Payment of US$130,000 – Issue of 6,000,000 common shares in the capital of AJN to MEK and/or its Nominees • Kabunda South PR 15623 (AJN can acquire a 75% project interest) – Payment of US$130,000 – Issue of 5,000,000 comm
Slide 12: Lithium Salt Wells Project
LITHIUM SALT WELLS PROJECT • AJN has an option to acquire 100% of the Salt Wells property from Great Basin Oil LLC in Nevada • Nevada has the only currently producing lithium mine in the United States • The mine, located near Silver Peak, Nevada, has produced from lithium brines since 1967 • Product
Slide 13: State Projects & Deal Structure
STATE PROJECTS & DEAL STRUCTURE CONGO RESOURCES SAU Gold Applications in the Kilo-Moto Belt • AJN has signed an MoU with Congo Ressources SAU (CRS) (State owned subsidiary) in which AJN can acquire 100% interest in 21 gold exploration permits and one lithium permit on the following terms: – At closi
Slide 14: State Projects & Deal Structure (continued)
STATE PROJECTS & DEAL STRUCTURE (continued) Location of the Manono Permit Application • At closing Congo Resources SAU will have 100% ownership of: – Twenty-one exploration permits in the renowned Kilo-Moto Belt (hosts Barrick’s Kibali Gold Mine) – One exploration permit which covers the northern po
Slide 15: Thank You
THANK YOU For more information please contact: SHEENA ECKHOF DIRECTOR M: +44 7469 291 547 E: sheena@eckhofconsulting.com ajnresources.com C S E : A J N | F R A N K F U R T: 5 AT