Antilles Gold Ltd · ASX:AAU
Antilles Gold — Investor Presentation (May 2024)
21 slides from Antilles Gold's investor presentation, May 16, 2024
Slide 1: Investor Presentation
16 May 2024 INVESTOR PRESENTATION Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) advises that the attached Investor Presentation has been prepared for European investors showing interest in becoming a cornerstone shareholder in the Company. For personal use only EN
Slide 2: Developing Gold and Copper Projects in Cuba
For personal use only ASX : AAU | OTCQB : ANTMF Antilles Gold is Developing Gold and Copper Projects in Mineral Rich Cuba in a Joint Venture with the Government’s Mining Company, GeoMinera. Investor Presentation 15 May 2024 Capitol Building, Havana
Slide 3: Forward-Looking Statement Disclaimer
1 Forward-Looking Statement Disclaimer For personal use only Some of the statements contained in this Presentation Actual results and developments may differ materially AAU makes no representation or warranty (express or are forward-looking statements, such as statements that from those contemplated
Slide 4: Gold and copper mines in Cuba via 50:50 joint venture with GeoMinera
Antilles Gold is participating in the development of gold and copper 2 mines, and the exploration of porphyry copper deposits in mineral rich Cuba, through a 50:50 joint venture with GeoMinera. For personal use only ▪ A subsidiary of Antilles Gold is a Founding Shareholder in the foreign joint ventu
Slide 5: Minera La Victoria
3 For personal use only Minera La Victoria • Antilles Gold’s subscription for 15M MLV shares at US$1.00 each for its 50% share in the Founding Capital to be completed in August 2024 with payment of US$2.0M balance • In addition to the two mining concessions, MLV holds a 17,000ha prospecting concessi
Slide 6: Minera La Victoria
For personal use only Minera La Victoria 4
Slide 7: Why Antilles Gold is focused on Cuba
5 Why Antilles Gold is focused on Cuba For personal use only ▪ Cuba is mineral rich, and under-explored, with low operating costs and mineral royalties ▪ The Government is encouraging foreign investment in the mining sector, and has realistic mining and environmental regulations, with the partnershi
Slide 8: Nueva Sabana Gold-Copper Mine (Stage One)
6 Nueva Sabana Gold-Copper Mine (Stage One) For personal use only The Nueva Sabana open pit mine is planned to be developed in the near term on the gold-copper oxide deposit overlaying the El Pilar porphyry copper deposit in central Cuba, to produce gold, and copper-gold concentrates for export. ▪ T
Slide 9: Nueva Sabana Gold-Copper Mine (Stage One) Mineral Resource Estimate
Nueva Sabana Gold - Copper Mine (Stage One) For personal use only 7 Mining Associates Pty Ltd - Initial MRE to RL-100m (approximately 150m from surface)* above a cut off of 0.25% copper, and 0.3g/t gold Material Resource Gold Gold Copper Copper Type Category Tonnes (g/t) (koz) (%) (Mlb) Notes by Min
Slide 10: Nueva Sabana Gold-Copper Mine (Stage One)
8 Nueva Sabana Gold - Copper Mine (Stage One) For personal use only ▪ A Scoping Study for the project was completed, and reported to ASX on 7 May 2024 based on the first stage of the pit being limited to 100m depth, with a 4 year life at a mining rate of 500,000tpa of ore ▪ With additional explorati
Slide 11: Highlights of Financial Analysis for Nueva Sabana Mine
9 Nueva Sabana Gold - Copper Mine (Stage One) For personal use only HIGHLIGHTS OF FINANCIAL ANALYSIS FOR NUEVA SABANA MINE (STAGE ONE) US$M ▪ Mine Development Costs including engineering, 27.0 construction, spares, and first fills ▪ LoM Operating Costs including shipping, royalties, and 104.3 other
Slide 12: La Demajagua Gold Mine (Stage One)
10 La Demajagua Gold Mine (Stage One) For personal use only ▪ Mineral Resource Estimate (“MRE”) 905,000 oz Au Eq for open pit* ▪ The 900 haLa Demajagua mining gold-silver-antimony concession on Isle of Youth, 60nm from mainlanddeposit - mineis siteplanned 35km fromto portbe developed initially as an
Slide 13: La Demajagua Concentrate Processing Facility
11 La Demajagua Concentrate Processing Facility For personal use only ▪ The project was subsequently expanded to include a 50,000tpa two- stage fluidized-bed roaster, a CIL circuit, and an antimony recovery circuit to process the gold arsenopyrite concentrate and produce a gold doré, and to increase
Slide 14: Potential of Minera La Victoria
12 Potential of Minera La Victoria For personal use only ▪ Estimated surplus cash generation of ~US$445M from Nueva Sabana and La Demajagua mines between end 2025 and end 2036, plus a significant amount from the La Demajagua concentrate processing facility’s production of a gold doré, and additional
Slide 15: Copper Exploration Projects: El Pilar Porphyry System
13 Copper Exploration Projects For personal use only El Pilar Porphyry System A 752ha concession in central Cuba is held by Minera La Victoria, and covers the Nueva Sabana gold-copper oxide deposit, and the El Pilar porphyry copper system ▪ The site is flat, unoccupied, and ideally located adjacent
Slide 16: El Pilar Porphyry System
14 El Pilar Porphyry System For personal use only Surface Mineralisation at El Pilar Strong phyllic alteration and porphyry D-veins overprinting a copper-gold porphyry system ▪ A 10 hole initial diamond drilling program has demonstrated porphyry style veining, breccias and alteration indicative of c
Slide 17: El Pilar Porphyry System Drill Holes
15 El Pilar Porphyry System For personal use only DRILL HOLES INTO EL PILAR PORPHYRY TO SOUTH AND SOUTH EAST OF OVERLYING OXIDE DEPOSIT HOLE PDH-004A 134m @ 1.23% Cu from 49m HOLE PDH-045A 3.0m @ 0.95% Cu from 74m (pXRF Readings) 3.0m @ 1.73% Cu from 150m 6.0m @ 2.20% Cu from 190m 12.0m @ 1.27% Cu f
Slide 18: Sierra Maestra Copper Belt
16 Sierra Maestra Copper Belt For personal use only ▪ A highly prospective area of outcropping copper-gold-molybdenum mineralization has been discovered by Antilles Gold in the Sierra Maestra copper belt in south east Cuba * Competent Person Statement – Christian Grainger PhD. AIG ▪ As a result, two
Slide 19: Experienced Directors
17 Experienced Directors For personal use only Brian Johnson Ugo Cario Non-Executive Chairman Non-Executive Director Mr Johnson is a graduate in civil engineering from the University Mr Cario has over 30 years’ of experience in the Australian mining of Western Australia and a Member of the Institute
Slide 20: Experienced Senior Management
18 Experienced Senior Management For personal use only Dr Jinxing Ji Steve Mertens Technical Director Mining Director Dr Ji highly knowledgeable metallurgist with 6 years of research Mr Mertens is a mining engineer with 20 years’ industry experience experience in universities and 26 years of practic
Slide 21: For more information, please contact
For personal use only For more information, please contact: Brian Johnson Chairman E: brianjohnson@antillesgold.net P: +61 2 481 1740 W: www.antillesgold.net