Excellon Resources Inc. · TSXV:EXN

Excellon Resources — Investor Presentation (October 2021)

30 slides from Excellon Resources's investor presentation, October 2021

  1. Slide 1: High Grade Silver Production Corporate Presentation

    HIGH GRADE SILVER PRODUCTION CORPORATE PRESENTATION October 2021 FUNDING PRECIOUS METAL DISCOVERIES TSX:EXN | NYSE:EXN | FRA:E4X2 www.excellonresources.com

  2. 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

  3. Slide 3: Creating Wealth

    CREATING WEALTH ESTABLISHED GROWTH PRODUCTION PIPELINE Platosa Mine’s high-grade silver Acquisition of Kilgore Project in Q2 2020 production, improving cost profile and for less than US$20/ounce, adding exceptional leverage to silver price US$300M NPV at US$1,800 Au and significant growth upside DIS

  4. Slide 4: Capital Structure

    CAPITAL STRUCTURE SHARE STRUCTURE TRADING SUMMARY* TSX:EXN NYSE:EXN Share Price (Oct 22, 2021) C$1.99 3M Av. Daily Vol: 60.014 40,019 Issued & Outstanding: 33.1 M 52-Week Range: $4.76-1.58 $3.90-1.25 Options: 1.0 M Market Cap: C$65M US$43M DSUs: 0.6 M RSUs: 0.8 M Warrants: C$3.30 (Exp Mar. 29, 2022)

  5. Slide 5: Leadership with a Track Record of Success

    LEADERSHIP WITH A TRACK RECORD OF SUCCESS Board of Directors Management André Fortier Laurie Curtis Brendan Cahill Alfred Colas Independent Independent Director, President & CEO Chief Financial Officer Anna Ladd-Kruger Brendan Cahill Paul Keller Jorge Ortega Non-Independent Non-Independent Chief Ope

  6. Slide 6: Quality Projects in Top Jurisdictions

    QUALITY PROJECTS IN TOP JURISDICTIONS Kilgore & Oakley Idaho | RANKED #5 U.S. AND #7 GLOBAL* GOLD GERMANY GERMANY UNITED STATES Silver City Saxony SILVER MEXICO Platosa & Evolución COMBINED RESOURCES OF Durango & Zacatecas 72% PRECIOUS METALS SILVER-LEAD-ZINC Precious metals Base metals *Fraser Inst

  7. Slide 7: Platosa Mine – Strong Restart from Q3 2020

    PLATOSA MINE – STRONG RESTART FROM 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)  Ge

  8. Slide 8: Platosa Mine – UG Infill and Expansion Drilling

    PLATOSA MINE – UG INFILL AND EXPANSION DRILLING Testing vertical structures and historical zones Composite longitudinal section Looking SW Guadalupe Sur Results NE-1S EX21UG629 4.4 m @ 536 g/t AgEq Guadalupe 623 Guadalupe Sur EX21UG690 7.6 m @ 2,860 g/t AgEq And Sur 0 200 2.5 m @ 667 g/t AgEq Rodill

  9. Slide 9: Platosa Regional Exploration

    PLATOSA REGIONAL EXPLORATION Mine extensions, new Platosas and Au-Cu skarns 9 TSX/NYSE: EXN

  10. Slide 10: 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  High-grade near surface located in Idaho mineralization, including 85.4 m of 2.50 g/t Au in 16OKR-338  Caldera-relat

  11. Slide 11: Kilgore PEA 2019

    KILGORE PEA 2019 Attractive economics at current gold price range ASSUMPTIONS NPV Discount Rate Gold Price $1,300/oz 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

  12. Slide 12: Kilgore – Round Mountain Analog

    KILGORE – A MULTI-MILLION OUNCE OPPORTUNITY Round Mountain analog  Grades comparable with Round Mountain and a similar  Current PEA supports potential production of +100k oz genetic model per year  Current Kilgore resource totals ~1.0M oz, with resource  Team capacity being developed on site in

  13. Slide 13: Kilgore – High-Grade Potential

    KILGORE – HIGH-GRADE POTENTIAL Rhyolite contact up to 29 g/t Au Timing is everything  Re-logging of core feeding into updated geological model  Focusing on timing and controls of Tuffaceous unit up to 58 g/t Au mineralization  Defining controls on higher grade mineralization and following up on d

  14. Slide 14: Kilgore – Multiple Regional Targets for Follow Up in 2021

    KILGORE – A MULTI-MILLION OUNCE OPPORTUNITY Multiple regional targets for follow up in 2021 PROGRESS IN 2020 INCLUDED:  Completed ASTER and LiDAR geophysical surveying over 110 km2  Enlarged Kilgore property by approximately 28%  Identifying multiple new regional targets through sampling and pros

  15. Slide 15: Oakley – Centerra Gold Earning In

    OAKLEY – CENTERRA GOLD EARNING IN Active field and drill program underway Inferred resource:  9.97M tonnes @ 0.51 g/t totaling 163,000 oz Au Drill results include:  9 m of 1.89 g/t Au - CC8614  9 m of 1.11 g/t Au - CC8615  24 m of 0.39 g/t Au - CC8624  21 m of 0.65 g/t Au - CC8628 Mid-tier part

  16. Slide 16: Silver City – Europe is Rich in Metals

    SILVER CITY Europe is rich in metals Major base and Precious Metals centres in Europe Zn (Ag)  Policy changes in Europe since 2011 supporting Tin a more compelling mining environment Finland Sweden Au (Ag) Norway  Countries are seeing the Ag benefit and attracting Estonia Cu (Ag) investment from L

  17. Slide 17: Silver City – High-Grade Silver Mining District in Saxony

    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: 340 km2 with 36 km of strike  High-grade historical veins

  18. Slide 18: Silver City – First Mover Advantage

    SILVER CITY – FIRST MOVER ADVANTAGE No modern day exploration for precious metals Vein Width (m) Grade MINE CAMP range Ag (g/t) From To From to Bräunsdorf 0.1 2.5 903 2,500 Großvoigtsberg 0.5 4 1,100 3,500 Hohentanne 0.1 0.5 NA 2,000 Kleinvoigtsberg 0.1 0.7 1,900 3,300 Obergruna 0.1 2 1,400 2,100 

  19. Slide 19: Silver City – Similar Characteristics to Mexican Epithermal Belts

    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 19 TSX/NYSE: EXN

  20. Slide 20: Silver City – Initial Drilling

    SILVER CITY – INITIAL DRILLING Confirming high-grade, district-scale epithermal silver system 20 TSX/NYSE: EXN

  21. Slide 21: Silver City – Geology Confirming High-Grade Potential

    SILVER CITY Geology confirming high-grade potential BRÄUNSDORF 300 g/t Ag 0.18 g/t Au  12,000 metre 2021 drilling program focused on four priority targets REICHENBACH 356 g/t Ag 2.0 g/t Au  Targets defined over 7.5 km along strike and on multiple structures, including newly identified mafic-schist

  22. Slide 22: Silver City – Doubling the Footprint

    SILVER CITY – DOUBLING THE FOOTPRINT Over 340 km2 on high-grade epithermal silver belt  Exploration licenses doubled in March ‘21 through application to Sächsisches Oberbergamt  New concessions acquired at minimal cost and are royalty free  Additional areas of historical high-grade production wit

  23. Slide 23: Silver City – Bräunsdorf

    SILVER CITY - BRÄUNSDORF Mineralization hit below plunge on first hole 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 along Drill Untested strike Targets along strike

  24. Slide 24: Silver City – 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 a research

  25. Slide 25: Our Commitment to Responsible Business

    OUR COMMITMENT TO RESPONSIBLE BUSINESS Transparency and accountability  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

  26. Slide 26: Catalysts – Multiple Opportunities on the Mining Value Curve

    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

  27. Slide 27: Appendix

    EXCELLON ‘Aufsuchung »Braunsdort* / ,,Silver City” Geologische Kembohmungen 27 TSX/NYSE: EXN a) EXCELLON

  28. Slide 28: 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 – Idaho 44,556 0.58 825 9,399 0.45 136 OAKLEY PROJECT – Idaho - - - 9,972 0.51 163 SILVER-LEAD-ZINC PLATOSA DEPOSIT – Durango, Mexico Ag Pb Zn Ag Pb Z

  29. Slide 29: 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

  30. Slide 30: Vision and Mission: To Create Wealth

    VISION To Create Wealth MISSION We realize strategic opportunities through discipline and innovation for the benefit of our employees, communities and shareholders. TSX/NYSE: EXN

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