Eloro Resources Ltd. · TSX:ELO
Eloro Resources — Investor Presentation (April 2021)
36 slides from Eloro Resources's investor presentation, April 2021
Slide 1: Iska Iska Silver-Tin Polymetallic Project
ISKA ISKA Silver-Tin Polymetallic Project CORPORATE PRESENTATION TSXV ELO | FSE P2Q | OTCQX ELRRF April 2021
Slide 2: Forward Looking Statements
Forward Looking Statements Certain information contained herein regarding Eloro Resources Ltd., including management’s assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks, including but not limited to risk
Slide 3: About Eloro
About Eloro Eloro is a publicly traded exploration and Recently raised CDN$25 million mine development company focused on through a bought deal financing developing its potential world-class with Haywood Securities Inc., Iska Iska silver-tin polymetallic property Cantor Fitzgerald Canada in the Poto
Slide 4: Major Discovery at Iska Iska
Major Discovery at Iska Iska In January 2021 announced a major discovery in the Santa Barbara Breccia Pipe with first drill results including 129.60g Ag eq/t over 257.5m Two Drill Rigs on site with third and fourth rigs to be added in May-June to further accelerate the planned 51,000m diamond drilli
Slide 5: Capital Structure
Capital Structure TSX- V: ELO Shares Issued and Outstanding 60.84M (April 21, 2021) Frankfurt: P2Q (WKN A1JKAT) OTCQX: ELRRF Warrants ($0.50 to $5.25 on exercise) 9.03M Options ($0.40 to $4.45 on exercise) 4.64M Property Option 0.25M Fully Diluted 74.76M Share Price (April 21, 2021) CDN $3.78 Market
Slide 6: Experienced Team
Experienced Team Management Team Board of Directors Technical Advisors THOMAS LARSEN B.A. THOMAS LARSEN B.A. QUINTON HENNIGH Ph.D., Chairman and CEO Chairman and CEO P.Geo.Geology/Geochemistry Senior Technical Advisor MILES NAGAMATSU C.P.A., C.A. FRANCIS SAUVE Chief Financial Officer HARRY BURGESS P
Slide 7: About Bolivia
About Bolivia Modern mining laws and a supportive political environment • New mining minister Ramiro Villavicencio has a technical history in mining having worked for Sumitomo • National Lithium Company (Gabino Gonzales – General Manager) has openly expressed an objective to reactivate and industria
Slide 8: Major Opportunity in Bolivia
Major Opportunity in Bolivia Rich history of mining and prospectivity is excellent. Limited exploration in the early 2000’s has now provided the opportunity to find Tier 1 assets Economic Commission for Latin America and the Caribbean (ECLAC) forecasting +5%YoY growth for the country, the second hig
Slide 9: Silver: A Key Decarbonization Metal
Silver: A Key Decarbonization Metal Silver is the Element of Change CUMULATIVE DEMAND RANGES FOR SILVER – SOLAR PV TECHNOLOGY THROUGH 2050 Highest electrical and thermal conductivity of all the metals 30% of silver supply is used in electrical applications • 10% of current silver supply is used in P
Slide 10: Tin: Technology Driven
Tin: Technology Driven Demand TIN CONSUMED IN SEMICONDUCTORS, YoY* GROWTH • Approximately 350,000 tonnes per annum • 50% of which is solder used in electronics, historically +5% YoY growth • Significant demand increase from semiconductors and photovoltaics • Estimated 208GW of PV capacity adds per y
Slide 11: History of the Iska Iska Mining District
History of the Iska Iska Mining District Exploitation of Iska Iska mining district dates back to Spanish Colonial period, when silver and gold veins Eloro starts first drilling ever done on were mined on a small scale. property September 13, 2020 Mid 1960’s an intrusion-related tin deposit, 2.5 km 2
Slide 12: Definitive Option Agreement
Definitive Option Agreement Definitive Option Agreement signed January 6, 2020 Fully permitted for exploration drill program. Road accessible No fixed expenditure requirement No royalties on property Eloro issued the Title Holder 250,000 common shares in February 2020, and as per the Definitive Opti
Slide 13: Mineral Deposits: Bolivia, a Prolific Mining Country
Mineral Deposits: Bolivia, a Prolific Mining Country Iska Iska is in the SW part of the Eastern Cordillera which hosts a number of world-class deposits of gold, silver, iron ore, zinc, tin, lead and lithium Dr. Osvaldo Arce, P.Geo., President of Bolivian Geological Society (2010-2017), a highly reco
Slide 14: Cerro Rico De Potosí
Cerro Rico De Potosí Silver from the mines of Potosí, still a by-word After 500 years of metal extraction, this deposit still in Spanish for incalculable wealth, supercharged contains a world-class silver and tin reserve Europe’s economy in the early modern era > 500 million tonnes grading ~ 100 g/t
Slide 15: Porvenir Concession
Porvenir Concession Bolivia Sur Chichas Province, Potosí The Iska Iska Porvenir Concession is a road accessible, royalty-free property, (wholly-owned by the Title Holder) Located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosí Covers an area of 900 Ha. (9 km2) Clo
Slide 16: View of Main Area of Iska Iska
View of Main Area of Iska Iska View of the Topography of the Iska Iska Main Area Looking North Underground workings provided excellent access for initial underground drilling, but all drilling is now being done from surface High-capacity underground drill will mobilize to site in early May 2021 to r
Slide 17: Property Geology and Mineralization
Property Geology and Mineralization Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex associated with a Miocene possibly collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias Caldera is 1.6km by 1.8km in
Slide 18: Rapid Pace of Discovery at Iska Iska
Rapid Pace of Discovery at Iska Iska January 26 Discovery High Grade 5,578m 257.5m @ 129.6g Ag eq/t Santa Barbara Breccia Pipe November 24 Discovery Santa Barbara 3,228m Breccia Pipe November 18 2,898m Discovery Huayra Kasa Breccia Pipe September 13 Underground Drilling 0m Starts 18
Slide 19: Aggressive Exploration Program
Aggressive Exploration Program 28 diamond drill holes totaling 10,677 metres completed to April 2021 to test the Huayra Kasa Mine area, Santa Barbara Breccia Pipe and Central Breccia Pipe targets Size of Santa Barbara Breccia Pipe doubled with recent drilling – hosts extensive mineralized zone 800m
Slide 20: Geological Plan Map Iska Iska
Geological Plan Map Iska Iska 20
Slide 21: Santa Barbara Breccia Pipe
Santa Barbara Breccia Pipe Discovery Hole 129.60g Ag eq/t over 257.5m (29.53g Ag/t, 0.078g Au/t, 1.45%Zn, 0.59%Pb, 0.080%Cu, and 0.056%Sn from 0.0m to 257.5m in Hole DHK-15 Spectacular continuous channel sampling results from Santa Barbara adit of 442 g Ag eq/t over 166m including 1,092 g Ag eq/t (4
Slide 22: Santa Barbara Adit
Santa Barbara Adit GEOLOGICAL PLAN MAP OF SANTA BARBARA ADIT SHOWING LOCATION OF CONTINUOUS CHANNEL SAMPLES 22
Slide 23: Major First Hole in Central Breccia
Major First Hole in Central Breccia DCN-01 intersected multiple mineralized intercepts including 196.09 g Ag eq/t (150.25 g Ag/t, 0.10% Sn and 0.05 g Au/t) over 56.2m and containing 342.98 g Ag eq/t (274.0 g Ag/t, 0.16% Sn and 0.16 g Au/t) over 27.53m Hole DSB-10, drilled from Santa Barbara Breccia
Slide 24: Mineralized Core Samples in Central Breccia
Mineralized Core Samples in Central Breccia DCN-01 from approx. 263 m to 267 m DSB-10 from approx. 755 m to 758 m Core from high grade section grading 342.98 g Ag eq/t Core with massive sulphides from major mineralized zone in DSB-10 (274.0 g Ag/t, 0.16% Sn and 0.16 g Au/t) over 27.53m DSB-10 massiv
Slide 25: Potosí-like Metal Contents and Environment
Potosí-like Metal Contents and Environment A whole suite of metals including Ag, Zn, Pb, Cu, Sn, In, Bi and Au are present, exactly the sort of assemblage one would like to see in a prolific “Potosí-type” deposit. Mineralization at Iska Iska defines a massive porphyry-epithermal system hosted mainly
Slide 26: Conceptual Deposit Model
Conceptual Deposit Model Iska Iska especially Santa Barbara Breccia Pipe is at a comparable stratigraphic level to Cerro Rico de Potosí As drilling is completed on the Central Breccia, there is potential for mineralization similar to Chorolque High grade Au-Bi in Huayra Kasa adit has similarities to
Slide 27: Conceptual Deposit Model Iska Iska
Conceptual Deposit Model Iska Iska PORPHYRY-EPITHERMAL COMPLEX 27
Slide 28: Large Land Position
Large Land Position Nine additional properties (known as mining areas under Bolivian law), covering a total of 311.75 km, acquired in October 2020 in Iska Iska area Properties are located on property Aster anomalies with a similar hydrothermal alteration signature to that of Iska Iska Targets on the
Slide 29: Environmental and Social Governance
Environmental and Social Governance A historical mining region that Eloro Resources Committed to ESG with recent hiring. is committed to supporting Environmental study and community • Supplies to the community during COVID-19 discussions currently underway • Sponsorship of school and sports Committe
Slide 30: Committed to Bolivian and Local Work Force
Committed to Bolivian and Local Work Force Full time on-site team is 100% Bolivian Actively training recent graduate geologists and technical staff through our intern program Staff has expanded considerably since start of program in September 2020. Currently there are 14 geologists with 20 support s
Slide 31: Next Steps
Next Steps Aggressive Exploration Program including 51,000m Diamond Drilling in Progress! Santa Barbara Breccia Pipe Ground magnetic and IP Preliminary metallurgical now doubled in size with surveys to evaluate breccia tests and petrographic impressive high grades in pipe and potential breccia studi
Slide 32: Conclusion
Conclusion Eloro has the option to earn a 99% interest in the Iska Iska property located in Bolivia’s prolific South Mineral Belt which includes world- class deposits such as: Cerro Rico de Potosí, San Vicente, Chorolque and Tatasi Bolivia is now actively seeking foreign investment to develop its mi
Slide 33: Appendix
APPENDIX 33
Slide 34: Mineral Resources of Main Mines Operating/Exploring in Bolivia
Mineral Resources of Main Mines Operating/ Exploring in Bolivia Mineral Regional Mine / Deposit Main Geology Resource / Company Geostructural Stage Project Type Commodities and Mineralization Reserves and Unit Grades Epithermal 4 km diameter caldera filled with volcaniclastic rocks and intruded by 2
Slide 35: Summary of Targets, New Properties Iska Iska Area
Summary of Targets, New Properties Iska Iska Area No. Name Sq. Km Geological Description Target SE part of the Early Miocene resurgent Kari Kari caldera. It is filled with welded ignimbrites and ash flows from 8-5 Ma. Comprises a 1 Puna 22 Complex fault system of N-S, NNE-SSW and E-W directions that
Slide 36: Contact
TSXV ELO | FSE P2Q | OTCQX ELRRF CANADA BOLIVIA Thomas Larsen Dr. Osvaldo Arce Ph.D., P.Geo. CEO General Manager, Jimena Moran Minera Tupiza S.R.L. Executive Assistant – Bilingual Tel: +59 171 591-004 Toll Free: 1 800 360-8006 Tel: 1 416 868-9168 20 Adelaide Street East, Suite 200 Toronto, Ontario,