Belo Sun Mining Corp. · TSX:BSX
Belo Sun Mining — Investor Presentation (February 2017)
31 slides from Belo Sun Mining's investor presentation, February 2017
Slide 1: Developing an Open Pit Gold Project in Brazil
Developing an Open Pit Corporate Presentation February 2017 Gold Project in Brazil TSX:BSX
Slide 2: Introductory Matters
Introductory Matters Currency: All dollar figures represent U.S dollars unless otherwise noted. Market and Industry Data: Unless otherwise indicated, the market and industry data contained in this document is based upon information from independent industry publications, market research, analyst rep
Slide 3: Company Overview
Company Overview Good Location Brazil: a mining-friendly country Para State: 2nd most active mining state in Brazil, with goal to be 1 st Advanced Stage of Development Construction license for the Volta Grande Project granted on February 2, 2017 All necessary surface rights have been acquire
Slide 4: Volta Grande Gold Project: History & Planned Path Ahead
Volta Grande Gold Project History & Planned Path Ahead 2010 2010-2015 2015-2016 2017 2018 2019 Acquisition Resource Growth Feasibility Study Start of Commissioning Commercial Indicated resources & Permitting & Permitting Construction & Production Production of 845koz @ 0.87 g/t ~170,000 m drilled
Slide 5: Volta Grande Project Location
Volta Grande Project Location Para is the 2nd most active mining state in Brazil TSX: BSX | 5
Slide 6: Property & Infrastructure
Property & Infrastructure Altamira City 150,000 residents Belo Monte & Pimental Dams World’s 3rd largest hydroelectric dam High Quality Roads Volta Grande Camp Belo Sun Property Outline TSX: BSX | 6
Slide 7: Mineral Resources & Reserves
Mineral Resources & Reserves EXPLORATION VOLTA GRANDE CONCESSIONS MINING PROJECT SOUTH BLOCK Volta Grande Mineral Resources & Reserves Mineral Reserves Tonnes Gold Grade Contained Gold Proven 41,757,000 1.07 g/t 1,442,000 oz Probable 74,212,000 0.98 g/t 2,346,000 oz Proven & Probable 115,969,000 1.0
Slide 8: Altamira (population: +/- 150,000)
Altamira (population: +/- 150,000) TSX: BSX | 8
Slide 9: Altamira Airport
Altamira Airport BELO MINING V TSX: BSX_ |
Slide 10: Pimental Dam
mental Dam BELOSUNYG MINING 4
Slide 11: Belo Monte Dam
Belo Monte Dam TSX: BSX | 11
Slide 12: Volta Grande – Proposed Site Plan
Volta Grande – Proposed Site Plan Ouro Verde Pit Waste Dump Tailings Grota Seca Pit Waste Dump Processing Water Pond Facility TSX: BSX | 12 *See cautionary notes on slide 2.
Slide 13: Volta Grande - Project Performance
Volta Grande - Project Performance Total ore mined 116 Mt Operating Cost Breakdown Waste mined 504 Mt Strip ratio 4.27 Avg. gold grade 1.02 g/t Au 39% Processing method Gravity/CIP/EW Processing Annual tonnes milled 6.75 Mt 57% Mining Plant recovery 93% Recovered 3.53 M oz Au First 10 yrs of annual
Slide 14: Construction Capital Breakdown
Construction Capital Breakdown Volta Grande Project CAPEX: $298 million Volta Grande Project Capital Allocation (3.1:1 BRL/US Exchange Rate) Overall site - Mine & waste rock dump $20.7 M Mine fleet $24.3 M Crushing plant $6.4 M Plant $71.1 M Tailings $7.4 M Infrastructure $33.6 M Ancillaries $20.4 M
Slide 15: Volta Grande - Project Economics
Volta Grande - Project Economics Volta Grande Project Economics ($1,200 Au; 3.1:1 BRL/US$) Economic Analysis $1,300/oz Au $1,200/oz Au $1,100/oz Au Pre-Tax NPV (5%) $1,171 million $942 million $712 million Pre-Tax IRR 43% 37% 29% Post-Tax NPV (5%) $855 million $665 million $472 million Post-Tax IRR
Slide 16: Volta Grande Project - Sensitivities
Volta Grande Project - Sensitivities Changes in gold price and exchange rate since completion of the Feasibility Study have favourable effects on the economics of the project. At $1,300/oz gold Feasibility Study Post-Tax Internal Rate of Return (IRR) % (March 2015)* Exchange Rate (Brazilian Real to
Slide 17: Volta Grande - Process Flow Diagram
Volta Grande - Process Flow Diagram Open Pit Feed Bin Apron Feeder Vibrating Grizzly Stockpile Jaw Crusher Gravity Circuit SAG Mill Electrowinning Desorption Carbon Induction Furnace Regeneration Cyanide & Moulds Doré Bar Destruction Adsorption Leach Circuit Tailings Pond Initial 10ktpd Water Manage
Slide 18: Estimated Project Schedule
Estimated Project Schedule Recent Milestones EIA Approval Receipt of Preliminary Licence (LP) Updated Mineral Resource Completion of Feasibility Study Construction Licence Granted Timeline to Production Construction Licence Granted Funding Engineering & Construction Construction Start Co
Slide 19: Exploration Potential
BELO SUN‘ MINING V Exploration Potential
Slide 20: Located Within Large Gold Belt
Located Within Large Gold Belt Amazon Basin Altamira Parnaíba Basin Volta Grande Project Três Palmeiras Greenstone Belt (+120 km strike; 1km-8km width) Geological data accumulated on Bacajá Domain Tapajós Province the entire belt to date: 11,000 soil samples (mostly taken in the mineral resource a
Slide 21: Overview Mineral Growth Targets
Overview Mineral Growth Targets Volta Grande Project Area OURO VERDE GREIA 1 Mineral growth along strike (emphasis on Junction) JUNCTION Mineral growth in Greia 2 GROTA SECA 3 Explore and upgrade South Block target Grassroots exploration drilling elsewhere on greenstone belt 4 TSX: BSX | 21
Slide 22: Near-Term Growth in South Block
Near-Term Growth in South Block Volta Grande Project Tonnes Avg. grade Gold (2015) (Mt) Total Measured & Indicated 0.98 g/t 156.593 4,956,000 oz (0.4g/t cut-off) (1) Total Inferred (0.4g/t cut-off) (1) 0.90 g/t 39.767 1,151,000 oz Volta Grande Project (2015 Feasibility Study) South Block (5km from N
Slide 23: Volta Grande vs. South Block Meters Drilled
Volta Grande vs. South Block 250,000 200,000 Additional drilling has translated to 150,000 Meters Drilled significant mineral growth in the North 100,000 Block Belo Sun believes there is excellent 50,000 mineral growth potential in the South Block with further drilling. 0 2009 Arm 2015 Waving 2013 2
Slide 24: Volta Grande Section 800NW (2010)
Volta Grande Section 800NW (2010) 1,000 m SSW NNE 0m PEA Pit Shell March-2014 -200m Explanation Modeled Typologies Saprolite Metavolcanics Saprolite of Diorite Saprolite mineralized Mineralized diorite 0 50 100 Diorite non-mineralized metres Metavolcanics -400m TSX: BSX | 24
Slide 25: Volta Grande Section 800NW (2015)
Volta Grande Section 800NW (2015) 1,000 m SSW NNE 0m PEA PitShell March-2014 -200m Explanation Modeled Typologies Saprolite Metavolcanics Saprolite of Diorite Saprolite mineralized Mineralized diorite 0 50 100 Diorite non-mineralized metres Metavolcanics -400m TSX: BSX | 25
Slide 26: South Block (scaled vertical cross section)
South Block (scaled vertical cross section) TSX: BSX | 26
Slide 27: Appendices
BELO SUN‘ MINING V Appendices
Slide 28: Company Structure & Performance
Company Structure & Performance Capitalization Summary (FQ3 ending Sept 30, 2016) Major Shareholder Distribution Agnico Eagle Mines ~19% Shares Outstanding 465,089,915 Sun Valley Gold ~18% Fully Diluted 484,232,915 Canadian Gold Funds ~19% European Gold Funds ~7% Stock Performance (Feb. 2, 2017) US
Slide 29: Independent Research Coverage
Independent Research Coverage TD Securities Dan Earle CIBC Jeff Killeen BMO Capital Markets Brian Quast National Bank Financial Shane Nagle Cormark Securities Tyron Breytenbach Canaccord Genuity Eric Zaunscherb Dundee Capital Markets Matt O’Keefe Scotiabank Global Banking Ovais Habib TSX: BSX | 29
Slide 30: Experienced Board & Management
Experienced Board & Management Management Team Peter Tagliamonte, P.Eng. MBA, President & CEO, Director 30 years of mine development and operations experience, including 20 years in Central and South America. Former CEO of Sulliden Gold, Central Sun Mining and COO of Desert Sun. Ian Pritchard, Chi
Slide 31: Thank you.
Corporate Headquarters Investor Inquiries Thank you. 800-65 Queen St. W. +1 (416) 309-2137 Toronto, Ontario info@belosun.com M5H 2M5 Canada
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