Antioquia Gold Inc · OTC:AGDXF
Antioquia Gold — Investor Presentation (October 2015)
35 slides from Antioquia Gold's investor presentation, October 2015
Slide 1: High-grade Gold Production Development in Colombia
High-grade Gold Production Development in Colombia October 2015
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking events or performance are not statements of statements concerning the Company’s plans for historical fact and may be “forward-looking its properties, operations and other matters. statements”. Should one or more of these risks These statements
Slide 3: Why Antioquia Gold?
Why Antioquia Gold? • High-grade gold deposit with 270,000 oz • Funding by strategic partner minimizes share resource dilu;on • 30,000 oz/yr produc;on from late 2016 • Experienced management • Strategic partner with significant experience • Explora;on targets provide signifcant mining similar deposit
Slide 4: Strategy: Advance Cisneros into near term production
Strategy Advance Cisneros into near term produc2on • 30,000 oz/yr Au produc2on from Guayabito and Guaico • 270,000 oz Au resource • Planned start-up September 2016 • Modest capex US$40M; from partner loan and cash flow • Simple process with proven technology Visible gold from panning • Strategic part
Slide 5: Strategy quote on 270,000 oz resource
Strategy “We made a corporate decision that 270,000 oz Au was sufficient to get a mine of this size started, because to double that resource would have required spending another US$3–5M on explora2on, and it probably would have taken another two years to get to that” Jim Decker, Execu2ve VP & Director
Slide 6: Management Team
Management Team Julián Villarruel President and CEO James (Jim) Decker, P. Eng. • Colombian mining and metallurgical engineer, Director and ExecuCve Vice President lawyer and interna4onal economics specialist • B.Sc. in Mining Engineering from Queen's • 30 years experience in senior management Unive
Slide 7: Board of Directors
Board of Directors Felipe Ferraro Fernando Jaramillo Director and Chairman of the Board Director • B.Sc in agricultural engineering and MA in business • Colombian civil engineer with more than thirty-five years of administra;on from the University ESAN-Stanford University experience in oil and gas, m
Slide 8: Strategic Partner
Strategic Partner Experienced partner reduces execuCon risk Value creaCon + = Reduced risk AnCoquia Gold backed by Peruvian mining group Consorcio Minero Horizonte • Its subsidiary Infinita Prosperidad Minera • Parcoy very similar geologically to Cisneros owns 62% of AGD shares • AGD receives strong
Slide 9: Cisneros location
Cisneros location Santa Rosa Red Eagle Gramalote Anglo/B2Gold Cisneros An2oquia Gold • Paved highway, 2 hours from Medellin • Good infrastructure such as high tension power lines • Proximity to other notable gold projects TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 9
Slide 10: Cisneros Mineral Resource Estimate
Cisneros Mineral Resource Estimate TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 10
Slide 11: Gramalote Acquisition
Gramalote Acquisition Quiebra Tunnel A A’ TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 11
Slide 12: Quiebra Tunnel X-Section
Quiebra Tunnel X-Section TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 12
Slide 13: Gramalote Acquisition
Gramalote Acquisition Quiebra Tunnel A A’ TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 13
Slide 14: Targets & Geochemical Anomalies
Targets & Geochemical Anomalies Samples < .5 g/t BAREÑO .25 to .5 .10 to .25 Panned visible gold LA QUIEBRA – EL LIMON ALTO LA CUMBRE CUCURUCHO SANTA GERTRUDIS MONTEBELLO LOS PLANES TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 14
Slide 15: Cisneros High-grade Drill Core
Cisneros High-grade Drill Core 216 g/t Au over 0.7 m TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 15
Slide 16: Guayabito High-grade Drill Core
Guayabito High-grade Drill Core 31.3 g/t Au 25.5 g/t Au TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 16
Slide 17: Guaico High-grade Drill Core
Guaico High-grade Drill Core 15.7 g/t Au 43.7 g/t Au TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 17
Slide 18: Guayabito Plan View
Guayabito Plan View • Mul2-zone, en-echelon style deposit • Individual zones with strike lengths of 180m, depths of 300m and localized true thickness up to 5.0m • Drill intercepts include 4.0m @ 14.7 g/t Au in hole GYB11-052 and 5.1m @ 9.3 g/t Au in hole PC10-026 Gramalote Acquisi2on TSX-V: AGD OTCQ
Slide 19: Guayabito Cross Section
Guayabito Cross Section ~1m Guayabito Mine TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 19
Slide 20: Guayabito Long Section
Guayabito Long Section B’ B C C’ Key ¢ +1.0 g/t Au ¢ 0.1-1.0 g/t Au El Bolo GYB2 Structure Structure TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 20
Slide 21: Guaico Plan View
Guaico Plan View Gramalote Acquisi2on TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 21
Slide 22: Guaico Cross Section
Guaico Cross Section • Drilling proves con2nuity of veins to depth • Veins tested over 450m depth Drill sample grading 15.7 g/t Au TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 22
Slide 23: Guaico Long Section
Guaico Long Section Key ¢ +1.0 g/t Au ¢ 0.1-1.0 g/t Au GCFW5 GCO Structure Structure TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 23
Slide 24: Cisneros Metallurgy/Flotation Testing
Cisneros Metallurgy/Flotation Testing Metallurgical tests indicate >95% gold Unit Guaico Guayabito recovery Mineral weight g 1,000 1,000 Au head grade g/t 5.3 6.7 analyzed Au head grade g/t 5.7 6.6 calculated Granulometry -200 % 60 60 mesh Density Kg/L 1.3 1.3 Condi;oning ;me Min 5 5 100 Ini;al pH o
Slide 25: Cisneros Mine Development
Cisneros Mine Development • Mechanized underground mining with trackless equipment (30t trucks, 3m3 scoops, jumbo drills) • 500 tpd mine and process plant • 2km mineral transport tunnel to deliver ore from Guayabito and Guaico to plant • Processing circuit with gravity, flota2on, carbon-in-leach, dry
Slide 26: Guaico Tunnel Plan View
Guaico Tunnel Plan View FALLA BAREÑO GUAYABITO FALLA CISNEROS PAPI Gramalote Acquisi2on SOROMA GUAICO CHAPULIN MANUELA D CHAMUELA U FALLA NUS SECTOR NUS TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015
Slide 27: Guaico Tunnel Section View
Guaico Tunnel Section View Au: 5.4 g/t GUAYABITO Ag: 4.3 g/t Cu: 1.44 % 1500 msnm SOROMA MANUELA GUAICO NUS 1000 msnm FLUIDO PÓRFIDO ? HIDROTERMAL (Cu – Au – Mo) ) TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015
Slide 28: Mine Development Renders
Mine Development Renders Guaico Guayabito TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 28
Slide 29: Process Plant Flow Sheet
Process Plant Flow Sheet ORE FEED JAW CRUSHER SCREEN FLOTATION BALL MILL CIRCUIT FILTER PRESS HYDROCYCLONE REGRIND THICKENERS BALL MILL DRY TAILINGS GRAVITY LEACHING DISPOSAL GOLD SEPARATION CONCENTRATE FILTER DEWATERING PRESS CN DESTRUCTION REACTORS CONTAINMENT FILTRATION GOLD BULLION GOLD PRECIPIT
Slide 30: Guayabito Plant Location
Guayabito Plant Location TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 30
Slide 31: Guayabito – Plant & Portal Locations
Guayabito – Plant & Portal Locations Guayabito Portal 25 m 48 m 53 m 25 m 59 m 27 m 56 m 45 m TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 31
Slide 32: Guayabito Plant & Infrastructure Layout
Guayabito Plant & Infrastructure Layout Plant Site Guayabito Portal Shop Cafeteria Warehouse Hydraulic Backfill Plant Office/Dry Comples TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 32
Slide 33: Mine Development Timeline
Mine Development Timeline Tunnel, mine Civil works and development, civil infrastructure Tunnel and mine Guaico works and infrastructure complete development complete begin 2015 July Aug Sept Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept 2016 Civil works and Tunnel and mine Guayabito Environmental &
Slide 34: Project Finance
Project Finance • Capex US$40M • US$3M drawn to date • Infinita unsecured US$20M loan • US$5M budgeted draw by year end • 7.1% loan interest • US$15M to draw down in 2016 • Two-year grace period • US$20M from cash flow from 3Q16 Value crea2on + = Reduced risk TSX-V: AGD OTCQX: AGDFX www.antioquiagoldi
Slide 35: Capital Structure and Contact
Capital Structure • Shares outstanding 239.8M • Fully diluted 251.6M • Op2ons 11.8M • Insider ownership 62% Contact Jim Decker Tel: 403-701-6313 jim.decker@shaw.ca TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com October 2015 35
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