Aton Resources Inc. · TSXV:AAN
Aton Resources — Investor Presentation (January 2025)
22 slides from Aton Resources's investor presentation, January 2025
Slide 1: Aton Resources: The Golden Age Rediscovered
Aton Resources The Golden Age Rediscovered January 2025 1
Slide 2: Disclaimer
Disclaimer Reference to “Aton Resources”, “AAN”, or “the Company” refers to Aton Resources Inc., the Company listed on the TSX Venture Exchange under the symbol AAN, or any of its subsidiaries: Alexander Nubia Resources Inc., Alexander Nubia Mining Inc., Seventh Cleo Holdings, Chelsea Holdings and C
Slide 3: Aton Overview
Aton Overview Aton Resources is the first international company to be This vote of confidence from the Egyptian government is a significant step forward in the development of the nation’s industry and gives Aton security of tenure for up issued a gold mining licence in Egypt for 19 years, since to 3
Slide 4: Directors and Management Team
Directors and Management Team BOARD OF DIRECTORS CANADIAN MANAGEMENT Tonno Vahk Bobby Dhaliwal Christina Boddy Chief Executive Officer Chief Financial Officer Corporate Secretary Tonno is a former derivatives and financial engineering specialist with over 25 Bobby is a financial consultant with a nu
Slide 5: Technical Management Team
Technical Management Team EXPERIENCED TEAM Aton’s expat technical team have worked in more than 30 different jurisdictions around the world with many decades of experience, including more than 20 years in Egypt Javier Orduña alone Chief Geologist Javier is an exploration and mine/development geologi
Slide 6: Arabian Nubian Shield
Arabian Nubian Shield UNDEREXPLORED TERRANE Recently the Arabian Nubian Shield (ANS) has become a popular focus for modern mineral exploration. Both Egypt and Saudi Arabia have introduced new mining codes in recent years, but Egypt has been hugely under-explored up to now. The increased focus on mod
Slide 7: Abu Marawat Concession
Abu Marawat Concession EXPLOITATION LEASE In 2024 Aton Resources became the first international company to be issued a gold mining licence in Egypt since 2005. The Abu Marawat Exploitation Lease covers the Hamama and Rodruin deposits, for a 20+10 year period, and covers an area of 57.7 km2 MINERAL R
Slide 8: Key Milestones
Key Milestones MAIDEN HAMAMA MRE January 2017: Publication of maiden HAMAMA WEST RC DRILLING mineral NI 43-101 resource estimate June 2022: A 6,200m infill programme is at the Hamama West deposit undertaken to further delineate the oxide resources at Hamama West ABU MARAWAT CONCESSION SEMNA DRILL DI
Slide 9: 3 Part Strategy
3 Part Strategy 1. HAMAMA WEST MINE DEVELOPMENT Aton plans to develop a starter open pit mining and modular CIL processing operation at Hamama West. The Company expects to start production from Hamama West by 2027, and become a cashflow positive company 2. FAST TRACK SEMNA PROJECT The high grade Sem
Slide 10: Hamama West - Geology
Hamama West - Geology GEOLOGY The Hamama gold-silver-polymetallic deposit is located in the west of the Concession, in a sequence of Neoproterozoic age metavolcanic rocks. The local geology at Hamama is overturned, and consists of a stratigraphic footwall sequence of andesitic lavas and tuffs, overl
Slide 11: Hamama West - Development
Hamama West - Development BACKGROUND In January 2017 Aton published a maiden mineral resource estimate for the Hamama West deposit, which included inferred oxide and transitional resources of 72 koz of gold and 2.33 Moz of silver in the Hamama West gold oxide cap. This MRE was originally based on 74
Slide 12: Rodruin
Rodruin Discovered by Aton geologists in December 2017, Rodruin is the first new gold discovery in Egypt for 100 years, and has been included in the Abu Marawat Exploitation Lease. Rodruin is a gold-silver-polymetallic deposit, and bears some similarities to the Hamama deposit The 2018 Phase 1 RC dr
Slide 13: Semna - RC and Diamond Drilling
Semna - RC and Diamond Drilling HISTORY Semna was mined by 2 British companies between 1904-1906, and briefly again in the 1950’s. Since about EXPLOITATION 2019 SemnaAREAS was heavily exploited by artisanal miners who the InCompany have January 2024, Atonnow removed Resources from the was awarded th
Slide 14: Semna - Mineralisation
Semna - Mineralisation CLASSIC OROGENIC DEPOSIT TYPE Multiple steep south-dipping shear-hosted auriferous quartz veins, with evidence for multiple mineralised structural orientations in a significant structural system. High grade mineralisation identified over a strike length of c. 500m, and is open
Slide 15: Retained Exploration Areas
Retained Exploration Areas SIR BAKIS ABU MARAWAT Another early 20th century British gold An established resource on multiple mine, which exploited a high grade 1.5m veins/structures, drilled over a combined wide vein underground. Surface sampling strike length of 1,500m, and to a depth of during 201
Slide 16: Hub and Spoke Model
Hub and Spoke Model A central CIL plant at Semna would be able to process ore trucked from satellite deposits. The abundance of high grade surface mineralisation across the Concession, within close proximity of Semna, makes a ‘hub and spoke’ model an attractive strategy for the long term development
Slide 17: Timeline
Timeline 2025 2026 2027 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Additional groundwater drilling and development of Resource, infra- HAMAMA WEST borefield structure, groundwater and metallurgical drilling Metallurgical testwork Pit design optimisation Construction ESIA Break ground 1st pour Phase 3 RC dr
Slide 18: ATON - EMRA Partnership
ATON - EMRA Partnership 3. PRODUCTION SHARING 1. ABU MARAWAT AGREEMENT 4. COST RECOVERY EXPLOITATION LEASE The AMXL will be operated under a Production Sharing Costs incurred during exploration, mine construction and In January 2024, following a review of the Hamama and Agreement model, as mandated
Slide 19: Our Values
Our Values Aton Resources has worked at the Abu Marawat Concession for over 15 years and has built deep relationships with the local community and Bedouin groups. This long friendship with the traditional custodians of the desert lands in which we work enables Aton to create the bridges that underpi
Slide 20: Capital Structure
Capital Structure ACTIVE & SUPPORTIVE SHAREHOLDERS OU MOONRIDER 70.38% 52-WEEK RANGE 0.15 - 0.345 Aton has strong supportive shareholders through two long standing Estonian entities OU OU HEKTIK 16.90% MARKET CAP 25M Hektik and OU Moonrider. Both parties are strongly incentivised to succeed owning m
Slide 21: Tonno Vahk, CEO
Tonno Vahk, CEO tvahk@atonresources.com OFFICE (EGYPT) OFFICE (CANADA) 14 El-Salah Ayoub St, 6th Suite 1700, 666 Burrard Street TSX.V: AAN Floor, Suite 13, Zamalek, Vancouver, BC, Canada www.atonresources.com Cairo, Egypt V6C 2X8
Slide 22: Appendix - Resource Inventory
Appendix - Resource Inventory GRADE CONTAINED METAL Deposit Class Tonnes Au Ag Cu Zn Au Ag AuEq Cu Zn (g/t) (g/t) (%) (%) (koz) (koz) (koz) (mlbs) (mlbs) Inferred Mineral Resources Abu Marawat Open pit and u/g 2,879,000 1.75 29.3 0.77 1.15 162 2,713 - 49 73 Hamama West Oxide and trans. 2,580,000 0.8
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