Meridian Mining Plc · TSX:MNO
Meridian Mining — Meridian Mining UK S — Investor Presentation (December 2021)
26 slides from Meridian Mining's investor presentation, December 2021
Slide 1: Cabaçal: Targeting multi million ounce gold and billion plus pounds of copper discoveries
Cabaçal: Targeting multi million ounce gold and billion plus pounds of copper discoveries Corporate Presentation, December 2021 TSXV: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain of the statements made and information contained herein is “forward-looking information” within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitu
Slide 3: Cabaçal Investment Highlights
CABAÇAL INVESTMENT HIGHLIGHTS Listing Location Map TSX.v...................MNO Country.................Brazil OTCQB............MRRDF State........Mato Grosso BRAZIL Frankfurt................2MM Mining Jurisdiction.....Tier 1 Mato Grosso Major Metals Co-Products Size Infrastructure Silver Copper 36km
Slide 4: Corporate Information - Corporate Structure
CORPORATE I NFORMATION - M ERIDIAN M INING U K S Meridian Mining UK S listed on the TSXV (Ticker: MNO) Corporate Structure • Management ownership – 10.1 million shares, 3.3 million warrants Shares Outstanding 153.4 m and 5.9 millions options (6.7% outstanding / 9.9% fully diluted) • Top 10 sharehold
Slide 5: Board of Directors, Executive Management & Advisory Board
B OARD OF DIRECTORS EXECUTIVE MANAGEMENT & ADVISORY BOARD G I L B E RT C L A RK SORAIA MORAIS A F O N S O F I G U E I RED O Executive Chairman Chief Financial Officer Geologist +25 years experience + 15 years experience + 50 years experience A D R I A N M C A RT HU R VITOR B E L O ROCKY OSBORNE CEO
Slide 6: Global Thinking Local Action
L E A D I N G C O M M U N I T Y BASED ESG A N D SDG PR OG RAM Global Thinking Local Action Corporate Social Responsibility (CSR): • CSR focuses on developing an open and transparent relationship with all stakeholders • Community engagement program managed by in-house Legal & Land management team • C
Slide 7: Energy Transition Risk: Local Hydroelectric Infrastructure
C MA BAAG Ç AN I NA G LO U R E N E R G Y T R A N S I T I O N R I S K EXAMPLE: USINA 1 – PCH TELEGRAFICA 30 MW1 ^ Regional Hydroelectric Generation2 • Brazil energy matrix ~65% of its energy generated by hydropower plants • Local hydroelectric facilities: o Jaurú Cascade – 235.9 MW (6 Facilities) o J
Slide 8: Brazil – A Tier 1 Mining Jurisdiction for M&A
BRAZIL – A TIER 1 MINING JURISDICTION FOR M&A Brazil Copper / Gold M&A: • Sibanye-Stillwater acquired Santa Rita & Serrote for USD 1.0bn October 2021 • Hochschild acquires Amarillo Gold for USD105.6m November 2021 • Lundin Mining acquired the Chapada copper-gold mine from Yamana Gold in July 2019 fo
Slide 9: Cabaçal Copper-Gold VMS Project
CABAÇAL C ABAÇAL C OPPER -G OLD VMS P ROJECT Cabaçal VMS Belt CABAÇAL PROJECT – NATIONAL, REGIONAL & LOCAL SETTING ^ • Polymetallic VMS system Cu-Au + Ag-Zn-Pb o Discovered by BP Minerals in 1983 • Two historic high-grade mines in 11km mine corridor o No environmental mining legacy • Advanced permit
Slide 10: Modern Exploration: Expanding on Historic Data
CABAÇAL M ODERN E XPLORATION : E XPANDING ON HISTORIC DATA 1 ^ ORTHOGONAL VIEW OF HISTORICAL SURFACE DRILLING DATA COMPLETED BY BP MINERALS OVER THE CABAÇAL MINE’S LEVEL PLAN Open Open Cabaçal Cu Eq % Cabaçal Northwest Southeast Extension Extension Visible Gold circled in Red from intercepted in Hol
Slide 11: Extending the Potential at Cabaçal
CABAÇAL E XTENDING THE P OTENTIAL AT C ABAÇAL Signature of Copper-Gold Mineral system defined over more that 2,000m Corporate Presentation, December 2021 TSXV: MNO / OTCQB: MRRDF / Frankfurt: 2MM Meridian Mining UK S | 11
Slide 12: Cabaçal Central - Resource Development Program
CABAÇAL C ABAÇAL C ENTRAL - R ESOURCE D EVELOPMENT P ROGRAM • Expanded 15,000m Drill Program to focus on: o Drilling at Cabaçal Northwest and Southeast o Expansion of the Cabaçal Central Resource o Exploring at Cabaçal West and along the VMS belt • Initial 10,000m drill program focused: o 72 – Merid
Slide 13: Cross Section of CD-045 to CD-068
CABAÇAL L ARGE SCALE OPEN - PIT POTENTIAL PRODUCTION SCENARIO 075 587 A A’ CD-045 37.2m @ 1.0% CuEq -incl 3.0m @ 12.7 g/t Au CD-068 45.0m @ 0.5%CuEq 1 See News Release 29th Nov, 7th and 2nd Sept, 31st August, 13th July, 28th & 15th June, 26th April & 25th May 2021 CD-045 -incl 3.0m @ 3.5g/t Au CD-06
Slide 14: Cabaçal Northwest Extension Mineralization
CABAÇAL C ABAÇAL N ORTHWEST E XTENSION M INERALIZATION A A’ VMS Cu-Au-Ag layers Historic widely spaced, vertical drilling in Cabaçal were not optimal for sub-vertical high-grade gold veins within the VMS system 2021 program of angled holes to target the multiple high- grade gold veins at Cabaçal and
Slide 15: Soils Program Confirming New Untested Anomalies
S OILS PROGRAM CONFIRMING NEW UNTESTED ANOMALIES WITH CABAÇAL 11KM M INE C ORRIDOR WITH H IGH - GRADE G OLD O VERPRINT ^ Cabaçal Northwest Extension LATE QUARTZ VEIN FROM CABAÇAL NORTHWEST EXTENSION, HOLE CD-072 Cabaçal Mine Cabaçal South C2A: Gold in Soil Survey Results 11km Mine Corridor ^ Cabaçal
Slide 16: Cabaçal West Targeting Potential New Mineralization
CABAÇAL C ABAÇAL W EST TARGETING POTENTIAL NEW MINERALIZATION A A’ CABAÇAL WEST TARGET, IN RELATION TO BHEM CONDUCTIVE MODELS ^ AMCD-15- CD-038 006 CD-058 Cabaçal West Target Strongest Conductor detected to date 1 See News Release 29th November, 23rd August 2021 Thickening VMS pile mineralization in
Slide 17: Mine Corridor Exploration Program
CABAÇAL M INE C ORRIDOR E XPLORATION P ROGRAM Cabaçal Northwest Mine Corridor: Advanced Exploration Conductors CabaçalMine • Multiple clusters of VTEM plates coincident with Cabaçal Northwest Copper-Gold geochemical anomalies and drilling VMS:Conductors Cu-Au-Ag (+Zn-Pb) Cabaçal West Testing the hyd
Slide 18: Regional Exploration Targets
CABAÇAL R EGIONAL E XPLORATION T ARGETS 1 Meridian controls a 768 km2 within an emerging copper-gold CABAÇAL province JAURÚ & PROJECT ARAPUTANGA PROJECTS Southern extension of Cabaçal Copper-Gold VMS belt secured • The historical copper-geochemical anomaly defined by BP in the 1980’s at the southern
Slide 19: Structured Option Agreement to Acquire 100% of Cabaçal
Structured Option A g r e e m e n t t o a c q u i r e a CABAÇAL 100% beneficial interest1 Protects Meridian Shareholders Equity and provides Vendors an Interest Going Forward Payment Schedule Vendor Payment Vendor Payment Payments Requirements Comments (Months) (USD) (Shares) MNO will have exclusivi
Slide 20: Advancing Towards a Mining Decision
CABAÇAL A DVANCING TOWARDS A MINING DECISION Meridian is planning for Cabaçal’s long term future by association with industry leaders • H&S Consultants engaged to complete future Cabaçal resource statement • Ausenco engaged to provide Scoping Study on Cabaçal's future mine plan and beneficiation req
Slide 21: Development Timeline
CABAÇAL D EVELOPMENT T IMELINE TIMELINE Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Database Enhancement Program Digital Capture of additional density, logging, sampling metadata Aerial Drone survey; update aeiral photography Updated releief model Georegister key Cabacal historical maps;
Slide 22: Investment Highlights
I NVESTMENT H IGHLIGHTS • Meridian has the option to acquire 100% of a camp scale Copper-Gold VMS belt • Cabaçal Central is a predefined potential open pit standalone Copper-Gold-Silver mine • Main zone strike extent tripled with recent drilling to 2km and remains open • Defined VMS mineralization w
Slide 23: Appendix
APPENDIX Corporate Presentation, December 2021 TSXV: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 24: Potential for Expansion of the Historic Resource
CABAÇAL P OTENTIAL FOR EXPANSION OF THE HISTORIC RESOURCE Resource expansion opportunities: Historic Resource1 Current • New near-surface zones outside of the limits of the Cabaçal Criteria Mine Resource 21.7Mt @ 0.6% Cu & 0.6 g/t Au - Cut-off Grade 0.2% CuEq - • Metals Pricing has more than doubled
Slide 25: Cabaçal Historical Operation
CABAÇAL Cabaçal Historical Operation 1 EXAMPLE OF FLOATATION SEPARATING CU AND ZN CONCENTRATES - ST HELENA MINE ^ Cabaçal Historical Production • Cabaçal underground mine operated by BP Minerals / Rio Tinto from 1987 to 1991 producing 869,279t at 5g/t Gold and 0.82% Copper • 3 g/t gold only cut-off
Slide 26: Meridian Mining UK S Contact
Meridian Mining UK S Dr Adrian McArthur Gilbert Clark Investor Contact: Corporate Address: Chief Executive Officer Executive Chairman +1 778 715 6410 6th Floor, 65 Gresham Street, London Email: amcarthur@meridianmining.net.br Email: gclark@meridianmining.net.br EC2V 7NQ United Kingdom Corporate Pres
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