Antilles Gold Ltd · ASX:AAU
Antilles Gold — Investor Presentation (March 2022)
34 slides from Antilles Gold's investor presentation, Mar 24, 2022
Slide 1: Updated Corporate Presentation
24 March 2022 UPDATED CORPORATE PRESENTATION Antilles Gold Limited (ASX Code: AAU, OTCQB: ANTMF) (“Antilles Gold” or the “Company”) is pleased to lodge the attached Corporate Presentation dated 22 March 2022 which updates progress on the development of the La Demajagua gold-silver mine, and other pr
Slide 2: About Antilles Gold Limited
ABOUT ANTILLES GOLD LIMITED: o Antilles Gold’s strategy is to participate in the successive development of previously explored gold and copper/gold deposits in mineral rich Cuba, and to realise the value of assets it holds in the Dominican Republic. o The Company is at the forefront of the emerging
Slide 3: Corporate Presentation
ASX: AAU OTCQB: ANTMF Antilles Gold is an Australian mining company focussed on projects in mineral rich Cuba 22 March 2022 CORPORATE PRESENTATION
Slide 4: Forward-Looking Statement
Forward-Looking Statement DISCLAIMER Some of the statements contained in this Presentation are forward-looking statements, The Information contained in this Presentation is provided on the terms and conditions set such as statements that describe Antilles Gold Limited’s (“AAU”) future plans, intenti
Slide 5: About Us
About Us Antilles Gold has access to a number of exciting gold and copper-gold development projects in Cuba through its Joint Venture with the Government’s mining company, GeoMinera SA. The flagship project, the La Demajagua gold-silver mine on the Isle of Youth in south west Cuba, is in the predeve
Slide 6: Company Information
Company Information Bankers: National Australia Bank - Australia Shares on Issue 304,004,960 CIBC - Canada Number of Shareholders 1,124 Lawyers: Corrs Chambers Westgarth - Australia Osler Hosking & Harcourt - Canada Top 20 Shareholders (%) 52.02% Share Price Chart Share Price 18 March 2022 7.8 cents
Slide 7: Top Shareholders March 2022
Top 20 Shareholders 18 March 2022 Holder Name Holding % Holder Name Holding % *Moonstar Investments Pty Ltd <The 52,210,000 17.19 Jabba’s Pty Ltd 3,268,000 1.08 Pemberley a/c> * Hawthorne Pty Ltd <BGJ Super Fund a/c> 25,000,000 8.23 Grosvenor Equities Pty Ltd <No 2 a/c> 3,200,000 1.05 Mercury Connec
Slide 8: Experienced Directors
Experienced Directors Brian Johnson James Tyers Ugo Cario Angela Pankhurst Executive Chairman Executive Director Non-Executive Non-Executive Operations Director Director Mr Johnson is a graduate in civil Mr Tyers is a member of the AusIMM and Mr Cario has over 30 years’ of Ms Pankhurst has over 20 y
Slide 9: Experienced Senior Management
Experienced Senior Management Dr Jinxing Ji Steve Mertens Dr Chris Grainger Michael Wokner Technical Director Mining Director Exploration Director Construction Manager Vancouver Cuba Cuba Cuba Dr Ji highly knowledgeable metallurgist with 6 Mr Mertens is a mining engineer with 20 Dr Grainger is an Au
Slide 10: Antilles Gold's Investment in Cuba
Antilles Gold’s Investment in Cuba • Excellent Law on Foreign Investment • Realistic Mining & Environmental Regulations • Equal Board Representation • Antilles Gold Nominates Senior Management • Attractive Fiscal Regime including Waiver of 15% Tax to 2029 • Low Operating Costs • Foreign Bank holds a
Slide 11: Cuba hosts many gold and copper deposits
Cuba hosts many gold and copper deposits that have been extensively explored by Canadian, Russian, and Cuban mining companies, but where development opportunities have been substantially overlooked by the international mining sector for over twenty years. Antilles Gold has been a first mover in the
Slide 12: Uniquely positioned to access gold & copper-gold opportunities in Cuba
Antilles Gold is uniquely positioned to access gold & copper-gold development opportunities in mineral rich Cuba. La Demajagua Development of open pit mine – 2023 - 24 100,000 oz Au equiv. in concentrate for 6 years Underground operation to follow for 10 years - 2030 Potentially 2.0 M oz Au equiv. g
Slide 13: Current Portfolio: Joint Venture Company, Minera La Victoria SA
Current Portfolio: Joint Venture Company, Minera La Victoria SA Project Key prospects & estimates Estimated Potential Value Key Dates (US$1650/oz Au, US$22/oz Ag) • 6-year Life of Mine Scoping Study Financial Results: Q2-2022: Remaining drill results • Initial Indicated & Inferred JORC Resource: • L
Slide 14: La Demajagua Project
La Demajagua Project The proposed La Demajagua project is in the final stage of pre-development activities with the Definitive Feasibility Study (“DFS”) and permitting for the first stage open pit mine expected to be completed in November 2022, to allow construction commencement in Q1 2023. SITE LOC
Slide 15: La Demajagua JORC Resources
La Demajagua JORC Resources Initial JORC Resources for La Demajagua Open Pit Mine The Initial Mineral Resource Estimate for the proposed open pit mine was calculated by Western Australian mining engineers, Cube Consulting, from selected data from 50,000m of historic drilling, and assays received fro
Slide 16: La Demajagua Deposit Exploration Target Range
La Demajagua Deposit Exploration Target Range Exploration Target Range In November 2021, Cube Consulting estimated the Exploration Target Range for the La Demajagua gold/silver deposit at a 1.0g/t Au cut-off grade based on data from 50,000m of historic drilling – advised to ASX on 10 November 2020 i
Slide 17: La Demajagua Metallurgical Testwork
La Demajagua Metallurgical Testwork Based on the Resource definition, preliminary pit shell, • Concentrate to be sold to international trading materials scheduling, and results of metallurgical test company, or foreign smelters. work to date: • Feed to the flotation plant is expected to be:. • Conce
Slide 18: La Demajagua Open Pit Mine – Scoping Study
La Demajagua Open Pit Mine – Scoping Study Results of a Scoping Study (“PEA”) for the proposed • The results demonstrate excellent potential returns first stage open pit mine at La Demajagua were on Antilles Gold’s A$18 million equity for its 49% advised to the ASX on 24 February 2022. shareholding
Slide 19: Financial Results from La Demajagua Scoping Study
Financial Results from La Demajagua Scoping Study Antilles Gold’s Equity Contribution A$18.0 million LoM Sales Revenue US$700.5 million to Project (A$1.00 = US$0.72) (@ US$1,650/oz Au, US$22/oz Ag after processing costs, and discount to buyer) Antilles Gold’s Share of LoM Cash A$221.4 million Surplu
Slide 20: La Demajagua Underground Mine
La Demajagua Underground Mine • The drilling program necessary to establish JORC • Based on historic drilling data, the Resources for the underground operation planned to underground mining rate is expected to be follow the open pit mining will be undertaken as around 600,000 tpa and produce concent
Slide 21: Los Llanos Project
Los Llanos Project • The Los Llanos Project will allow Antilles Gold to • Properties can be added to the list of gold and undertake preliminary exploration activities and copper/gold deposits, or deleted, from time to time studies of a number of previously explored gold on Antilles Gold’s recommenda
Slide 22: Los Llanos Project continued
Los Llanos Project continued • Subject to the results of early-stage exploration, Activities between mid 2022 and end 2023 will include: Antilles Gold can request a property be transferred to the joint venture mining company, for further • re-interpretation of existing data, geological exploration a
Slide 23: Strategy for Joint Venture Mining Company
Strategy for Joint Venture Mining Company • Commission La Demajagua open pit mine – Q1 2024. • Utilise part of surplus cash generated by La Demajagua to fund subsequent projects. (Scoping Study indicates US$325 million surplus over six years at a gold price of US$1,650 per oz). • Second project pote
Slide 24: In Summary
In Summary • Antilles Gold has the opportunity to participate through its joint venture with Government owned mining company, GeoMinera, in the successive development of several mines in Cuba to produce gold, silver, and copper concentrates. • Experienced Directors and Management with a track record
Slide 25: Appendix – Geology
Appendix – Geology • Ciego de Avila porphyry copper-gold deposits • Golden Hills VMS deposit • Florencia/Maclama sulphide gold deposits
Slide 26: Ciego de Avila Porphyry Copper-Gold Deposits
Ciego de Avila Porphyry Copper-Gold Deposits Antilles Gold’s Exploration Director has reported the following with respect to the Ciego de Avila Project: • The group of three copper-gold porphyry deposits (El Pilar, San Nicholas, and Gaspar) were originally discovered in the 1990’s by MacDonald Mines
Slide 27: Ciego de Avila Porphyry Copper-Gold Deposits continued
Ciego de Avila Porphyry Copper-Gold Deposits continued • All porphyry systems in tropical environments are leached at surface due to the large amount of pyrite that oxidizes and leaches metals downwards in the oxidized saprolite, to the fresh rock. • The interpreted porphyry systems are fertile as b
Slide 28: Ciego de Avila Deposits Geology and Mineralisation
Ciego de Avila Deposits Geology and Mineralisation • The El Pilar and San Nicholas prospects are located 4 km apart in volcaniclastic rocks that are intruded by two individual porphyry clusters. • El Pilar and San Nicholas are individual porphyry centres and indicate the potential for multiple porph
Slide 29: Ciego de Avila Aeromagnetic Survey
Ciego de Avila Aeromagnetic Survey A4
Slide 30: Ciego de Avila Porphyry Copper-Gold Deposits continued
Ciego de Avila Porphyry Copper-Gold Deposits continued Drilling at El Pilar Indicating the Previously Overlooked Porphyry Copper-Gold Potential • Shallow drilling at El Pilar has shown oxide mineralization of both gold and copper • The copper mineralization has been leached and is located below the
Slide 31: Ciego de Avila Porphyry Copper-Gold Deposits continued
Ciego de Avila Porphyry Copper-Gold Deposits continued Surface Mineralisation of the El Pilar Deposit Strong phyllic alteration and porphyry D-veins overprinting a copper-gold porphyry system at surface. A6
Slide 32: Golden Hills VMS Deposit
Golden Hills VMS Deposit The Golden Hills sulphide deposit which is located approximately 100km Antilles Gold is attracted to the Golden south-east of the Provincial Capital of Camaguey, was explored by Hills deposit as it could be a viable MacDonald Mines from Canada between 1994 and 1998 when they
Slide 33: Florencia & Maclama Sulphide Deposits
Florencia & Maclama Sulphide Deposits • The Florencia and Maclama gold deposits located • These properties will be further explored to 15 km from Golden Hills, are low sulphide, near determine their potential. surface deposits which have been explored by Russian companies, and MacDonald Mines from •
Slide 34: Thank You
THANK YOU ANTILLES GOLD umitep