Excellon Resources Inc. · TSXV:EXN
Excellon Resources — Investor Presentation (December 2020)
27 slides from Excellon Resources's investor presentation, December 2020
Slide 1: Advancing precious metals in North America
Advancing precious metals in North America Corporate Presentation December 2020 www.excellonresources.com TSX:EXN, EXN.WT, NYSE:EXN and FRA:E4X2
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 Value in 2020 and Beyond
Established Production Platosa Mine’s high-grade production, improving cost profile and exceptional leverage to silver price Enhanced Growth Pipeline Creating Acquisition of Kilgore Project in Q2 2020 for less than US$20/ounce, adding US$300M NPV at US$1,800 Au and significant growth upside Value in
Slide 4: Capital
Capital SHARE STRUCTURE TRADING SUMMARY Share Price (Nov. 30, 2020) C$3.34 TSX:EXN NYSE:EXN Issued & Outstanding: 32.08 M 3M Av. Daily Vol: 99,090 43,073 Options: 0.91 M 52-Week Range: $6.20-1.55 $4.65-0.75 DSUs: 0.47 M Market Cap: CAD$107M US$82M RSUs: 0.53 M Warrants: C$7.00 (Exp Aug. 27, 2021) 1.
Slide 5: Leadership With A Track Record of Success
Leadership With A Track Record of Success Board of Directors Management Andre 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 UNITED STATES SILVER CITY SAXONY SILVER MEXICO COMBINED PLATOSA & EVOLUCIÓN RESOURCES OF 92% PRECIOUS DURANGO & ZACATECAS METALS SILVER-LEAD-ZINC Precious metals Base metals *Fraser Institute Annual Surv
Slide 7: 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 located in Idaho • Mineral resources of 825,000 oz @ 0.58 g/t Au Indicated and 136,000 oz @ 0.45 g/t Au Inferred* • Cal
Slide 8: Kilgore PEA 2019
Kilgore PEA 2019 Attractive economics at current gold price range ASSUMPTIONS Discount Rate Gold Price $1,300/oz NPV 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 9: Kilgore Regional
Kilgore Regional Targeting the next million ounces • Significant anomalies outside resource area • Exploration science only recently applied • High quality Opal Mines 10km SW of deposit – K3? K2? K1 - > 1M 0z high level indicators of and growing continuity of epithermal system Radial faults on Calde
Slide 10: Kilgore – A Multi-Million Ounce Opportunity
Kilgore – A Multi-Million Ounce Opportunity Round Mountain Analog • Grades comparable with Round Mountain and a similar genetic model • High-grade intersections within Aspen sequence underlying deposit under-drilled and not well understood • Exploration thesis is to demonstrate 3-5M oz Au opportunit
Slide 11: 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), Treatme
Slide 12: Platosa Mine – Strong Restart in Q3 2020
Platosa Mine – Strong Restart in Q3 2020 Q3 2020 vs Q1 2020 Tonnes Mined Tonnes Produced Revenue Increased 10% to Increased 19% to Increased 46% to 21,877 tonnes, a 22,612 tonnes $9.7 million quarterly record for Platosa New electricity contract and AISC Production further ongoing Decreased 29% to C
Slide 13: Silver City
Silver City Major base and Precious Metals centres in Europe Europe is rich in metals Zn (Ag) Tin Au (Ag) Finland • Policy changes in Europe Sweden Ag since 2011 are leading to a Norway Cu (Ag) more compelling mining Estonia Pb environment Latvia Fe • Countries are seeing the Denmark Lithuania After
Slide 14: Silver City
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 15: Ready to be Reinvigorated
Ready to be Reinvigorated Vein Width(m) Grade Mine Camp From range To Ag (g/t) From to • Mining ceased in the 1880s Bräunsdorf 0.1 2.5 903 2,500 due to geopolitics and Großvoigtsberg Hohentanne 0.5 0.1 4 0.5 1,100 NA 3,500 2,000 breakdown in gold:silver ratio Kleinvoigtsberg 0.1 0.7 1,900 3,300 Ober
Slide 16: Silver City
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 17: Silver City – Drilling Underway
Silver City – Drilling Underway 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 Untested along Drill strike Targets along strike 1,100 m Historical records describe ve
Slide 18: Silver City – Initial Drilling
Silver City – Initial Drilling Confirming High-Grade, District-Scale Epithermal Silver System Current drilling at Munzig 10 km north Kleinvoigtsberg Peter Vein Grauer Wolf Bräunsdorf AGBR0520 License Saxony Reichenbach AGBR05A20 2.30 m @ 231 g/t AgEq (183 g/t Ag, 0.4 g/t Au, 0.5% Pb AGBR1020 and 0.2
Slide 19: Silver City
Silver City Geology confirming high-grade potential • Seven targets tested with mineralization intersected in almost every hole • Multiple high-grade silver species, including pyrargyrite and freibergite, and fine-grained native silver • Assays received from seven holes, with assays from seven holes
Slide 20: 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 research an
Slide 21: Our Commitment to Responsible Business
Our Commitment to Responsible Business • 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 Development Goals) • Incorporat
Slide 22: 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 23: Appendix
Appendix A EXCELLON
Slide 24: Evolución Resource Update
Evolución Resource Update Sizeable Resource Base with Room for Expansion Grade Contained Metal Tonnes Ag Au Pb Zn AgEq Ag Au Pb Zn AgEq Category Zone 23
Slide 25: 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 44,556 0.58 825 9,399 0.45 136 Oakley Project - - - 9,972 0.51 163 Silver-Lead-ZInc Platosa Deposit Ag Pb Zn AgEq Ag Pb Zn AgEq Category Tonnes (g/t)
Slide 26: 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 27: Vision Mission
VISION To Create Wealth MISSION We realize strategic opportunities through discipline and innovation for the benefit of our employees, communities and shareholders. www.excellonresources.com
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