Emerald Resources Nl · ASX:EMR

Emerald Resources Nl — Investor Presentation (October 2018)

26 slides from Emerald Resources Nl's investor presentation, Oct 30, 2018

  1. Slide 1: Okvau Gold Project, Cambodia

    Okvau Gold Project, Cambodia ASX:EMR Emerald to Become +100,000ozpa Gold Producer Capital Raising Presentation | October 2018

  2. Slide 2: Presentation Disclaimer

    Presentation Disclaimer Forward Looking Statement This announcement contains certain forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections about the industry in which Emerald Resourc

  3. Slide 3: Executive Summary

    Executive Summary Equity Raising to progress development of the Okvau Project Equity Financing  Two tranche placement to raise A$27 million (Placement)1:  Tranche 1 - unconditional placement to sophisticated and professional investors for approximately A$14.8 million of New Shares;  Tranche 2 – c

  4. Slide 4: Offer Overview

    Offer Overview Placement and SPP overview  A capital raising of approximately A$27 million (before costs) via a two tranche placement of approximately 900.0 million new ordinary shares (Placement or Offer);  Tranche 1 placement of approximately 493.3 million shares (New Shares) under the Offer Det

  5. Slide 5: Sources and Uses of Funds

    Sources and Uses of Funds Sources(1) A$m Uses(1) A$m Construction and development of the Okvau Gold Project: Procurement capital (long lead items) 12.8 Access Road 3.7 Relocation and resettlement 1.0 Preliminary engineering 1.5 Pre-construction site works 0.8 Construction site works 1.5 Environmenta

  6. Slide 6: Indicative Equity Raising Timetable

    Indicative Equity Raising Timetable Two Tranche Placement Time/Date(1) ASX Trading Halt Tuesday 30th October 2018 Settlement of Tranche 1 Placement shares Friday 9th November 2018 Notice of Meeting material despatched to shareholders Monday 12th November 2018 General Meeting to approve Tranche 2 of

  7. Slide 7: Emerald a Short History

    Emerald a Short History  20th August 2014 o Current board appointed to Emerald Oil and Gas:- o Change of business and Change of name to Emerald Resources.  14th November 2016 o Completed Merger with Renaissance Minerals.  1st May 2017 o Okvau Definitive Feasibility announced and; o Maiden Ore Res

  8. Slide 8: Capital Structure

    Capital Structure ASX Code EMR Board & Management Simon Lee AO, Non-Executive Chairman Share Price 3.4 cents1  Previously Chairman: Equigold NL, Samantha Gold NL, and Great Victoria Gold NL Shares on Issue (pre-Offer) 2,111M  Previously Board Member of the Australian Trade Commission and Patron of

  9. Slide 9: Cambodia Overview & Project Location

    Cambodia Overview & Project Location First mover advantage in frontier terrain Attractive fiscal regime: o 100% ownership; o No Government equity participation; o 30% corporate tax rate for mining; o 3.0% Government Gold royalty (net)3; o Import duty exemptions. 1,442 km² of underexplored terrain

  10. Slide 10: Okvau Project Summary

    Okvau Project Summary | Robust and Compelling Economics Economically robust project Project DFS Economics (100% Ownership)  JORC Ore Reserve of 14.3Mt @ 2.0g/t Au for 907,000oz; Development Capital Costs1 US$91M Mining Contractor Capital & Pre-Production Mining US$7M  2.0Mtpa plant to produce 106,

  11. Slide 11: Low All-in Sustaining Costs | High Margin

    Low All-in Sustaining Costs | High Margin Operating Cost Summary Life of Mine On-Site Mining US$333/oz On-Site Processing US$265/oz On-Site G&A US$48/oz Transport and Refining US$5/oz C1 costs US$650/oz Royalties1 US$50/oz Sustaining Capital & Closure Costs US$31/oz AISC US$731/oz 1 Includes Governm

  12. Slide 12: Metallurgy & Processing

    Metallurgy & Processing Extensive test work completed Conventional Flotation & Leaching Coarse primary grind (>106µm) and sulphide flotation Low mass pull (8%), high grade concentrate Fine regrind of concentrate only (no oxidation) Leaching (flotation tails and concentrate) & Elution Gold recoveries

  13. Slide 13: Okvau JORC Reserve

    Okvau JORC Reserve 2.0g/t Au for 907,000 ounces gold April 2017 JORC Resource (0.7g/t gold cut-off) 1 Tonnage Grade Au Gold Resource Classification (Mt) (g/t) (Koz)  650 metres of strike by 600 metres width of the Indicated 15.11 2.08 1,008 mineralised vein system Inferred 2.57 1.61 133  Drill spa

  14. Slide 14: Okvau Cross Section

    Okvau Cross Section  Stacked, sheeted sulphidic shear zones dipping to the south-east  Possible grade and volume upside along diorite/sediment contacts  Contact intercepts include: 19m @ 9.13g/t gold and 22m @ 3.56g/t gold Intercepts and interpretation allow for 2m of external dilution in additio

  15. Slide 15: Okvau Grade Control Simulation

    Okvau Grade Control Simulation  Infill Grade Control simulation drilling program completed consisting of 368 holes for 10,100m;  Holes drilled (infill to resource drilling) on a 10m x 10m infill pattern to an average vertical depth of 25m;  Results received to date confirm continuity, grade and t

  16. Slide 16: Okvau Resource Growth

    Okvau Resource Growth Depth extensions  Some of the highest grade intersections sit beneath open pit floor including: o 17m @ 4.5g/t from 320m (DD11OKV091); o 10m @ 9.6g/t from 411m (DD12OKV108); o 11m @ 8.4g/t from 399m (DD11OKV091); o 6m @ 9.7g/t from 520m (DD16OKV373). Refer to the Company’s ASX

  17. Slide 17: Regional Potential | New Joint Ventures

    Regional Potential | New Joint Ventures  Dominant land position of 1,442km2 covering a north-west trending zone of granitoid intrusions;  Multiple Gold occurrences with direct associations with intrusions with pathfinder multi-elements (bismuth, arsenic, tellurium);  Small percentage of total lic

  18. Slide 18: Angkor JV Koan Nheak Project

    Angkor JV Koan Nheak Project • Two gold in soil anomalies discoveries; Peacock North • Northern anomaly 0.7km x 0.3km (at >10ppb Au); • Southern anomaly 1.4km x 0.4km (at >10ppb Au); • Peak value EMR rock chip 9.94 g/t Au; • Geological setting similar to Okvau on the southern extremity of a Diorite

  19. Slide 19: Mekong Minerals Snoul Prospect

    Mekong Minerals Snoul Prospect Drillhole From Interval Au g/t SNRC002 4 4 11.94 SNRC006 12 4 1.25 • EMR Auger soil results redefines existing SNRC009 4 16 2.93 MM shallow soil results; SNRC010 12 12 1.01 DD09ANC011 49 1 9.09 • 3km, x 1.5km gold in soil anomaly (at DD09ANC013 66 1 11.36 >10ppb Au); D

  20. Slide 20: Summary

    Summary 1. Equity raising of $27 million plus $3 million Security Purchase Plan for a total raise of $30 million to fund development of Okvau. 2. Experienced, well credentialed Board and senior management, well equipped to develop Okvau and other gold projects. 3. Okvau Project Mining Lease granted

  21. Slide 21: Appendix – Key Risks

    Appendix – Key Risks 1. Company Specific Risks Tenure risk The ability of the Company to carry out successful exploration and mining activities will depend on the ability to maintain or obtain tenure to mining titles. On 10 July 2018 the Company announced the grant of an Industrial Mining Licence (M

  22. Slide 22: Appendix – Key Risks

    Appendix – Key Risks 1. Company Specific Risks - continued Funding risk The Company’s ability to effectively implement its business and operations plans in the future, to take advantage of opportunities for acquisitions, joint ventures or other business opportunities and to meet any unanticipated li

  23. Slide 23: Appendix – Key Risks

    Appendix – Key Risks 1. Company Specific Risks - continued Operating risks In common with other enterprises in the minerals and mining industry, Emerald’s mineral exploration, development and related mining activities, including the delivery of supplies and consumables and the transportation of prod

  24. Slide 24: Appendix – Key Risks

    Appendix – Key Risks 2. General Risk Economic conditions Adverse changes in economic conditions, such as interest rates, exchange rates, inflation, government policy, international economic conditions and employment rates amongst others are outside Emerald’s control and have the potential to have an

  25. Slide 25: Appendix – International Offer Restrictions

    Appendix – International Offer Restrictions International Offer Restrictions This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the N

  26. Slide 26: Appendix – International Offer Restrictions

    Appendix – International Offer Restrictions United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the Financial Services and Mar

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