Eagle Mountain Mining Ltd. · ASX:EM2
Eagle Mountain Mining — Investor Presentation (November 2021)
32 slides from Eagle Mountain Mining's investor presentation, Nov 25, 2021
Slide 1: Laying the foundations for green copper production
For personal use only ( ASX:EM2 ) Laying the foundations for green copper production Investor Presentation- November 2021
Slide 2: Important Information
IMPORTANT INFORMATION For personal use only P u r p o s e o f p r e s e n t a t I o n : This presentation has been prepared by Eagle Mountain Mining Limited (ACN 621 541 204) (Eagle Mountain) and should be read in conjunction the Company’s Annual Report, issued by Eagle Mountain 22 October 2021 and
Slide 3: Investment highlights
Investment highlights For personal use only JORC copper resource of 12.2Mt at 1.51% Cu for 184 kt Contained Copper* – First update Q1 2022 Accelerating drilling program with recent transition to three drills Good credentials to potentially be a low emission mining operation Existing underground mine
Slide 4: Conceptual cross section
Conceptual cross section For personal use only Surrounded by major mining operations Close proximity to: - Smelters - Rail network - Tucson workforce 4
Slide 5: For personal use only
Le 4 EAGLE MOUNTAIN MINING ot “1S - Mine Area — Fortals Current Drill Ae ** : Locations 7 Mine ZA =. «Buildings OREX Tailings Damn a= (closed) Yr personak Use. on
Slide 6: Oracle Ridge - Claims
Oracle Ridge - Claims For personal use only • Three prospective areas – Mine Area, OREX and Golden Eagle • JORC Resource held on patented claims – assists approval processes 6
Slide 7: Rapid restart potential
Rapid restart potential For personal use only • Excellent ground conditions ~18km of underground development, access roads, • Tailings dam (closed) • Underground electrical and water services 7
Slide 8: Oracle Ridge - Targeting low emission production of copper
ORACLE RIDGE – TARGETING LOW EMISSION PRODUCTION OF COPPER For personal use only Energy savings aspects shown will be assessed in future economic evaluations 8
Slide 9: Environmental Social Governance
Environmental Social governance For personal use only Committed to: • Operating sustainably • Minimising our environmental footprint • Employee and community engagement initiatives • High standards of corporate governance Assisting the local fire department – July 2020 9
Slide 10: Making a difference
Making a difference For personal use only JORC Resource proximal to existing development JORC Resource excludes all drilling by Eagle Mountain Mining 10 Refer ASX announcement 14 December 2020
Slide 11: Significant Maiden JORC Resource
Significant Maiden JORC Resource For personal use only Copper Tonnage Cu (%) Ag (g/t) Au Cu (t) Ag (Oz) Au (Oz Cut-off (% (Mt) (g/t) Cu) 0.4 44.5 0.87 9.7 0.11 389,000 13,791,000 158,000 Large increase in metal at lower cut- 0.6 28.4 1.08 12.0 0.13 309,000 10,923,000 125,000 offs 0.8 18.6 1.30 14.1
Slide 12: Sparsely drilled outside the resource
Making a difference Opportunity For personal use only Sparsely Drilled Outside the Resource 12
Slide 13: Exploration target
Exploration target Initial Exploration Target* of an For personal use only additional 14-29Mt (excluding *Note -The potential quantity of the exploration MRE) target is conceptual in nature and there has been insufficient additional exploration to estimate an expanded Mineral Resource as at the date
Slide 14: Accelerated Exploration Program with rigs operating
For personal use only Accelerated Exploration Program with 3 rigs operating 14
Slide 15: Drill rig road construction
For personal use only Drill Rig Drill Rig Road Construction 15
Slide 16: Strong exploration results
Strong exploration results For personal use only 11.55% Cu, 273g/t Ag and 5.41g/t Au over 1.5m WT-20-10 - See Announcement 22 December 2020 34% Cu, 367g/t AG and 26.2g/t Au 10.0% Cu, 147g/t Ag, 2.83g/t Au over 1.4m over 0.4m WT-21-32 - Announcement 28 Sept 2021 WT-21-06 - ASX Announcement 31 March20
Slide 17: Strong assay results outside the JORC Resource
For personal use only Strong Assay Results Outside the JORC Resource Refer ASX announcement 29 January 2021; 30 July 2021; 29 October 2021 17
Slide 18: New discovery - The Talon
New discovery- The Talon For personal use only The Talon - achieving strong results Wave Zone delivering some of the best assays at Oracle Ridge over a 500m zone Refer ASX announcement 25 May 2020; 29 October 2021; 11 November 2021 18
Slide 19: Outcropping mineralisation - The Talon
Drill Rig For personal use only Outcropping mineralisation - The Talon 19
Slide 20: Resource infill drilling
Resource infill drilling For personal use only • Infill drilling aims to upgrade Resource classification • Initial Resource infill drilling identified mineralization in previously unassayed zones 20 Refer ASX announcement 25 May 2020; 30 July 2021; 29 October 2021
Slide 21: Metallurgy
Metallurgy For personal use only When operated in the early 1990’s • Metallurgical Recoveries* – Copper ~90% Silver ~ 81% Gold ~ 81% • Conventional Processing Facility Crush / Grind / Float / Filter • Product – Bulk Cu/Ag/Au concentrate • No penalties due to deleterious elements Processing P
Slide 22: Conceptual Section
Conceptual Section For personal use only large scale potential for multiple styles of mineralisation 22
Slide 23: Outcropping mineralisation at Orex
For personal use only Outcropping mineralisation at Orex 23
Slide 24: Golden Eagle Drilling
Golden eagle Drilling For personal use only Hole GE-21-12 Hole GE-21-12 Galena, Pyrite, Refer ASX announcement 28 October 2021 Galena 24 (assays pending) Silica
Slide 25: Strategy
strategy For personal use only Building Mineral Resources • The Talon • The Wave • Exploration Target Upgrade Resource confidence Commence Mining Studies • Metallurgy • Tailings designs • Mine design Explore for new styles of mineralisation Strategic Land Acquisitions 25
Slide 26: Development timetable
development timetable For personal use only Aim to build critical mass of Resources while concurrently advancing mining studies 26
Slide 27: Electric vehicle market driving copper demand
ELECTRIC VEHICLE MARKET driving copper demand For personal use only While conventional cars have 8-22 kgs of copper, battery electric vehicles (BEVs) contain 83 kgs “now expecting global light electric vehicle (EV) penetration to breach 14% by 2025” Sources: 2017.06-E-Mobility-Factsheet-1.pdf (coppe
Slide 28: Copper discovery rates dropping
COPPER DISCOVERY RATES For personal use only DROPPING DISCOVERIES OF MAJOR COPPER PROJECT HAS BEEN STEADILY REDUCING SINCE 2007 “Copper must rally 50% for supply to meet demand” “high prices will be required to incentivise sufficient mine production growth” Sources: S&P Market Intelligence, May 2021
Slide 29: Corporate Overview
CORPORATE OVERVIEW 12 Month Share Price For personal use only Key Metrics 1.40 6 1.20 5 ASX Code EM2 1.00 Shares on Issue 230 m (23 Nov 2021) EM2 Share Price -A$/Sh Daily Volume (millions) 4 Share Price $0.58 (23 Nov 2021) 0.80 3 Cash $16.5m (30 Sept 2021) 0.60 Debt 1 $8.8m 2 0.40 Market Capitalisat
Slide 30: Value proposition
Value proposition For personal use only JORC copper resource of 12.2Mt at 1.51% Cu – and growing* Accelerating drilling program with recent transition to three drills ESG - Good credentials to potentially be a low emission mining operation Rapid Restart Potential - Existing underground mine Location
Slide 31: Contact Information
For personal use only Contact Information A Ground Floor, 22 Stirling Highway Nedlands, Western Australia, 6009 E info@eaglemountain.com.au W eaglemountain.com.au This Announcement has been approved for release by the Board of Eagle Mountain Mining Limited
Slide 32: Appendix
Appendix 1 For personal use only The Company’s Mineral Resource Statement has been compiled in accordance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code 2012) and Chapter 5 of the ASX Listing Rules and ASX Guidance Note 31. The Compan
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