Mining Americas Inc. · TSX:MAI
Mining Americas — Minera Alamos — Swiss Mining Institute 2023
22 slides from Mining Americas's conference presentation, March 2023
Slide 1: Building low capital intensity mines in an inflationary environment
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Building low capital intensity mines in an inflationary environment Swiss Mining Institute Zurich - March 2023 TSX-V: MAI / OTCQX: MAIFF1 www.mineraalamos.com
Slide 2: Forward Looking Statements
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Forward Looking Statements This presentation contains certain “forward-looking statements”. All statements, other than Darren Koningen, P. Eng., President of Minera Alamos is the Qualified Person (within the meaning statements of historical fact, that a
Slide 3: Why Invest In Us?
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Why Invest In Us? We are • Heap leach mining expertise • Ability to expedite projects & minimize initial CAPEX PROVEN BUILDERS • Same team that placed 4 mines into production • 1ST mining operation has reached commercial production thresholds We are • 2
Slide 4: Growth Model Path to Intermediate Production
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Growth Model Path to Intermediate Production ACQUIRE 4TH ASSET LA FORTUNA • Targeting +/- 500K to POTENTIAL SANTANA • Low Capex Build 1Moz quality ounces EXPANSION supported by royalty • Low Capex and internal financial • Large land package • Exploratio
Slide 5: Experienced Operating Management Team
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Experienced Operating Management Team DARREN KONINGEN DOUG RAMSHAW JANET O’DONNELL FEDERICO ALVAREZ P.Eng. B.Sc. Mining Geology M.Eng. CEO, Director PRESIDENT, Director CHIEF FINANCIAL OFFICER CHIEF OPERATING OFFICER +25 years of +25 years of experience
Slide 6: Capital Structure and Shareholder Distribution
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Capital Structure 1 Shareholder Distribution High Net Worth Donald Smith Value Fund Common shares Individuals 7.9% 457.7 M 15.8% Aegis Financial MARKET outstanding 7.0% CAPITALIZATION Warrants NIL Other Institutions 11.0% C$164 M ………………… Options 31 M Ma
Slide 7: Real Shareholder Alignment
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Real Shareholder Alignment Management • Since beginning of 2022 – Management has bought over 2.7 million shares; Multiple stock option exercises where all shares were retained OPEN MARKET PURCHASES • This year alone, the President of the Company has bou
Slide 8: High Quality Assets
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY High Quality Assets Santana Cerro De Oro Fortuna 8 www.mineraalamos.com
Slide 9: Santana Project - 100% Owned - Sonora State
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY SANTANA PROJECT - 100% OWNED - SONORA STATE LOCATION / INFRASTRUCTURE • Easily accessible by paved highway • 50 km SW of Alamos Gold’s 3M oz Mulatos Gold Mine MINE PLAN/STAGE • Mining operations commenced in June 2021 • First gold production announced i
Slide 10: Santana Mine Expansion Progress
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Santana Mine Expansion Progress MINING • Approximately 13,000 oz of gold produced in 2022 • Direct mining costs of US$800/oz barely changed through first 3Qs of 2022 • ~ 7,000 oz of recoverable gold inventory on the pads at YE 2022 LEACHING • Leach kine
Slide 11: Santana Exploration Potential – Drilling Underway
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Santana Exploration Potential – Drilling Underway CLUSTER OF MULTIPLE PIPES IDENTIFIED • All pipes appear to be gold-bearing • Vary in size from 150m diameter to 500-600m • Up to 80 holes for a total of 10,000 m in 2023 • Historical discovery cost ~$10-
Slide 12: Cerro de Oro - 100% Owned - Zacatecas State
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY CERRO DE ORO - 100% OWNED1 - ZACATECAS STATE LOCATION / INFRASTRUCTURE • Accessible by paved highway; Just a few kilometres from grid power • 25 km N of Newmont’s 8M oz Au/471 Moz Ag Peñasquito Mine MINE PLAN/STAGE • Near-term development opportunity; e
Slide 13: Cerro de Oro PEA Economic Key Highlights
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Cerro de Oro PEA Economic Key Highlights PRODUCTION HIGHLIGHTS • Average annual gold production 60,000 to 70,000 oz in years 1-4 • Average AISC of $763/oz in years 1-4 • Largely Run of Mine operation with approx. 30% of higher-grade material expected to
Slide 14: Cerro de Oro PEA Economic Summary
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Cerro de Oro PEA Economic Summary After-Tax NPV (5%) After-Tax IRR US$150.5 million 111% 111% After-Tax Payback Period 11 months STRONG IRR After-Tax Ave. Annual Production 58,400 oz gold Preproduction Capital US$28 million (including 30% contingency) U
Slide 15: Cerro de Oro Updated Resource Statement
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Cerro de Oro Updated Resource Statement MINERAL RESOURCE ESTIMATE Resource Category Material Type Cut-off Grade Tonnes (t) Average Grade Contained Au Au (g/t) Au (g/t) (oz) Inferred Oxide 0.15 67,000,000 0.37 790,000 Notes: • The independent and QP for
Slide 16: La Fortuna Project - 100% Owned - Durango State
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY LA FORTUNA PROJECT - 100% OWNED - DURANGO STATE LOCATION / INFRASTRUCTURE • Easily accessible via a 100 km road from Culiacan, the Capital of Sinaloa State • State authorities are extending a 2-lane upgraded paved highway to the project including grid p
Slide 17: La Fortuna PEA Economic Summary
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY La Fortuna PEA Economic Summary Pre-Tax NPV (7.5%) Pre-Tax IRR US$103.8M 122% 93% After-Tax NPV (7.5%) US$69.8M STRONG IRR After-Tax After-Tax IRR 93% Pre-Tax Payback Period 9 months US$1,250/oz After-Tax Payback Period 11 months PRUDENT Gold Price Assu
Slide 18: Set to Deliver in 2023 and beyond
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Set to Deliver in 2023 and beyond 2022 2023 2024 Q4 Q1 Q2 Q3 Q4 H1 Cerro de Oro Permit Applications Submission Cerro de Oro Anticipated Permit Receipt Cerro de Oro Infill and Expansion Drilling Cerro de Oro Additional Metallurgical Testwork Cerro de Oro
Slide 19: Minera Copper – Los Verdes & Potreitos Deposits, Sonora
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY “MINERA COPPER” – LOS VERDES & POTREITOS DEPOSITS, SONORA, MX Minera Alamos is looking to leverage its experience and copper assets in Mexico to build a new copper developer / producer in a manner similar to company’s current gold development profile. I
Slide 20: Minera Copper – Los Verdes - 100% Owned - Sonora State
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY “MINERA COPPER” – LOS VERDES - 100% OWNED - SONORA STATE LOCATION / INFRASTRUCTURE • Just north of the Santana gold project in Sonora, Mexico • Adjacent to a major state highway leading to mineral concentrate ocean port facilities at Guaymas, Sonora MIN
Slide 21: Minera Copper – Discussions
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY “MINERA COPPER” – LOS VERDES - 100% OWNED - SONORA STATE DISCUSSIONS • The Company is continuing discussions both internally and with interested parties to surface value for shareholders from existing copper assets within the Company’s mineral property
Slide 22: Thank you
BUILDING THE NEXT MID-TIER GOLD MINING COMPANY Thank you For more information contact us: info@mineraalamos.com Or follow us at : 22 www.mineraalamos.com TSX.V: MAI OTCQX: MAIFF