Excellon Resources Inc. · TSXV:EXN
Excellon Resources — Investor Presentation (January 2021)
25 slides from Excellon Resources's investor presentation, January 2021
Slide 1: Advancing Precious Metals in North America
ADVANCING PRECIOUS METALS CORPORATE PRESENTATION January 2021 IN NORTH AMERICA TSX:EXN | NYSE:EXN | FRA:E4X2 www.excellonresources.com
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Disclaimer This document contains “forward‐looking statements” within the meaning of applicable Canadian securities legislation and applicable U.S. securities laws. Except for statements of historical fact relating to the Company, such forward‐looking statements include, w
Slide 3: Creating Wealth
CREATING WEALTH ESTABLISHED GROWTH PRODUCTION PIPELINE Platosa Mine’s high-grade production, Acquisition of Kilgore Project in Q2 2020 improving cost profile and exceptional for less than US$20/ounce, adding leverage to silver price US$300M NPV at US$1,800 Au and significant growth upside DISCOVERY
Slide 4: Capital Structure
CAPITAL STRUCTURE SHARE STRUCTURE TRADING SUMMARY* TSX:EXN NYSE:EXN Share Price (Dec. 31, 2020) C$3.78 3M Av. Daily Vol: 103,987 49,749 Issued & Outstanding: 32.79 M 52-Week Range: $6.20-1.55 $4.65-0.75 Options: 0.91 M Market Cap: CAD$124M US$96M DSUs: 0.47 M RSUs: 0.53 M Warrants: C$7.00 (Exp Aug.
Slide 5: Leadership with a Track Record of Success
LEADERSHIP WITH A TRACK RECORD OF SUCCESS Board of Directors Management André Fortier Laurie Curtis Brendan Cahill Alfred Colas Independent Independent Director, President & CEO Chief Financial Officer Andrew Farncomb Brendan Cahill Paul Keller Ben Pullinger Independent Non-Independent Chief Operati
Slide 6: Quality Projects in Top Jurisdictions
QUALITY PROJECTS IN TOP JURISDICTIONS Kilgore Idaho | RANKED #5 U.S. AND #7 GLOBAL** GOLD GERMANY GERMANY UNITED STATES SILVER CITY Saxony SILVER MEXICO Platosa & Evolución COMBINED RESOURCES OF Durango & Zacatecas 92% PRECIOUS METALS SILVER-LEAD-ZINC Precious metals Base metals *Fraser Institute An
Slide 7: Platosa Mine – Strong Restart in Q3 2020
PLATOSA MINE – STRONG RESTART IN Q3 2020 Mexico’s highest-grade silver producer High-grade underground silver mine with resources of 1,000 g/t AgEq1 Over 800,000 tonnes mined since production commenced in 2005 Post-pandemic suspension, focused on key cost reductions: Labour (COMPLETE) Gene
Slide 8: Kilgore – A Multi-Million Ounce Opportunity
KILGORE – A MULTI-MILLION OUNCE OPPORTUNITY Significant room for resource growth and discovery US$300 million NPV @ $1,800 Au Acquired for less than US$20/oz 12,000 acre property High-grade near surface located in Idaho mineralization, including 85.4 m of 2.50 g/t Au in 16OKR-338 Caldera-relat
Slide 9: Kilgore PEA 2019
KILGORE PEA 2019 Attractive economics at current gold price range ASSUMPTIONS NPV Discount Rate Gold Price $1,300/oz 5.0% 7.0% 9.0% PRODUCTION PROFILE Total Leach Tons Mined 54.0 million $1,100 32.4 23.2 15.1 Total Waste Tons Mined 60.0 million $1,300 110.4 96.8 84.6 Head Grade - Crushed 0.72 g/T (0
Slide 10: Kilgore – Round Mountain Analog
KILGORE – A MULTI-MILLION OUNCE OPPORTUNITY Round Mountain Analog Grades comparable with Round Mountain and a similar Current PEA supports potential production of genetic model +100k oz per year Current Kilgore resource totals ~1.0M oz, with resource Team capacity being developed on site in
Slide 11: Kilgore – Multiple regional targets for follow up in 2021
KILGORE – A MULTI-MILLION OUNCE OPPORTUNITY Multiple regional targets for follow up in 2021 PROGRESS IN 2020 INCLUDED: Completed ASTER and LiDAR geophysical surveying over 110 km2 Enlarged Kilgore Property by approximately 28% Identifying multiple new regional targets through sampling and pros
Slide 12: Silver City – Europe is rich in metals
SILVER CITY Europe is rich in metals Major base and Precious Metals centres in Europe Zn (Ag) Policy changes in Europe since 2011 supporting Tin a more compelling mining environment Finland Sweden Au (Ag) Norway Countries are seeing the Ag benefit and attracting Estonia Cu (Ag) investment from L
Slide 13: Silver City – High-grade silver mining district in Saxony
SILVER CITY High-grade silver mining district in Saxony, Germany +750 years of historical production with no modern exploration Located on the periphery of a large epithermal province centered around Freiberg in Saxony District scale: 164 km2 with 36 km of strike High-grade historical veins
Slide 14: Silver City – First Mover Advantage
SILVER CITY – FIRST MOVER ADVANTAGE Vein Width (m) Grade MINE CAMP range Ag (g/t) From To From to Bräunsdorf 0.1 2.5 903 2,500 Großvoigtsberg 0.5 4 1,100 3,500 Hohentanne 0.1 0.5 NA 2,000 Kleinvoigtsberg 0.1 0.7 1,900 3,300 Obergruna 0.1 2 1,400 2,100 Mining ceased in the 1880s due Siebenlehn 0.1
Slide 15: Silver City – Similar characteristics to Mexican epithermal belts
SILVER CITY Similar characteristics to Mexican epithermal belts Freiberg mineralogical galleries have spectacular collection of mineral samples from historical mines, used for insight into geology and potential All specimens shown here assay multi kilo per tonne silver 15
Slide 16: Silver City – Initial Drilling
SILVER CITY – INITIAL DRILLING Confirming high-grade, district-scale epithermal system Munzig target 10 km north Kleinvoigtsberg Peter Vein Grauer Wolf Bräunsdorf AGBR0520 License Reichenbach AGBR05A20 Saxony 2.30 m @ 231 g/t AgEq AGBR1020 (183 g/t Ag, 0.4 g/t Au, 0.5% Pb 1.90 m @ 191 g/t AgEq and 0
Slide 17: Silver City – Initial Drilling Geology
SILVER CITY – INITIAL DRILLING Geology confirming high-grade potential Seven targets tested with AGBR01-20 300 g/t Ag 0.18 g/t Au mineralization intersected in almost every hole Multiple high-grade silver species, including pyrargyrite and freibergite, AGBR10-20 356 g/t Ag 2.0 g/t Au and fine-gr
Slide 18: Silver City - Bräunsdorf
SILVER CITY - BRÄUNSDORF Mineralization hit below plunge on first hole BRÄUNSDORF MINE – PRIORITY DRILL TARGET VIEW LOOKING SOUTH EAST Base of historical Productive workings epithermal 300 m zone ~450 m vertically from fluid inclusion Untested studies along Drill Untested strike Targets along strike
Slide 19: Silver City – Mineral exploration in Saxony
SILVER CITY Mineral exploration in Saxony Most “mining-friendly” state in Germany Proud mining history, with many famous economic geologists originating from Freiberg University of Freiberg, the oldest mining university in the world EXN and Helmholtz Institute Freiberg (HIF) have a research
Slide 20: Our Commitment to Responsible Business
OUR COMMITMENT TO RESPONSIBLE BUSINESS Transparency and accountability Active and influential member of the Mining Association of Canada (MAC) Implementing a practical, best-in-class management system that: Addresses safety, health, security, environmental and community aspects (UN Sustainable
Slide 21: Catalysts
CATALYSTS Multiple opportunities on the mining value curve COMPLETE Oakley Exploration Update and Property Expansion Evolución resource update Commencement of drilling programs at Jaboncillo & PDN (Platosa) NYSE American – commencement of trading Ongoing ramp-up of Platosa – lower costs, h
Slide 22: Appendix
@EXCELLON ‘Gdedag EXCELLONS .Braunsdorf* /,Silver City" Geoiogische Kembohnungen 22
Slide 23: Resources
RESOURCES GOLD INDICATED RESOURCES INFERRED RESOURCES Tonnes Au Au Tonnes Au Au Property (000’s) (g/t) (‘000s oz) (000’s) (g/t) (koz) KILGORE PROJECT – Idaho 44,556 0.58 825 9,399 0.45 136 OAKLEY PROJECT – Idaho - - - 9,972 0.51 163 SILVER-LEAD-ZINC PLATOSA DEPOSIT – Durango, Mexico Ag Pb Zn AgEq Ag
Slide 24: Technical Disclosures
TECHNICAL DISCLOSURES PLATOSA DEPOSIT - Notes to Mineral Reserves and Resources KILGORE PROJECT - Notes to Mineral Reserves and Resources • Mineral Resources that are not Mineral Reserves do not necessarily demonstrate economic viability. • Mineral resources have been classified in accordance with t
Slide 25: To Create Wealth
VISION To Create Wealth MISSION We realize strategic opportunities through discipline and innovation for the benefit of our employees, communities and shareholders.
Excellon Resources — Investor Presentation (January 2021) on 6ix