Eagle Mountain Mining Ltd. · ASX:EM2
Eagle Mountain Mining — RIU Sydney Resources Round-up 2022
29 slides from Eagle Mountain Mining's conference presentation, May 10, 2022
Slide 1: Targeting green copper production in a tier 1 jurisdiction
For personal use only ( ASX:EM2 ) Targeting green copper production in a tier 1 jurisdiction RIU Sydney Resources Round-up May 2022
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 17.0 Mt at 1.48% Cu (1% cut-off) – and growing. Next update Q3 2022* Recommissioning existing mine for underground drilling and studies Good credentials to potentially be a low emission mining operation Existing underground mine wit
Slide 4: Recent activity
Recent activity For personal use only Updated JORC Resource – 36% increase in contained copper (at same 1% Cu Cut-off)* 17.0 Mt grading 1.48% Cu, 15.09g/t Ag and 0.17g/t Au Recommissioning of existing underground mine to enable drilling from underground and access to studies Multiple thick and high-
Slide 5: Tier 1 jurisdiction, surrounded by the majors
Tier 1 jurisdiction, surrounded by the majors For personal use only Oracle Ridge Project • Located in Arizona, a mining supportive jurisdiction • Surrounded by major porphyry projects • Close proximity to mining infrastructure 5
Slide 6: For personal use only
Mount Lemmon Marble North Mountain For personal use only Mine Area Portals Current Drill Locations Mine Buildings OREX Golden Eagle Tailings Dam (closed)
Slide 7: 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 of the Project. 7
Slide 8: Environmental Social Governance
Environmental Social governance For personal use only Committed to: • Operating sustainably • Minimising our environmental footprint • Employee and community engagement Assisting the Fire Department initiatives • Supporting the local community • High standards of corporate governance • Creating loca
Slide 9: 36% increase in resources… and growing
36% increase in resources… and growing For personal use only • Updated Mineral Resource Estimate March 2022 • 36% Increase in contained copper in Resource (at same +39% Tonnes 1% Cu cut-off) +36% Copper • 39% Increase in contained copper in Resource (at same 1% Cu cut-off) 2022 MRE Cu Ag Au Cu Ag Au
Slide 10: Optionality with higher copper prices
Optionality with higher copper prices For personal use only Cut-off Tonnes Cu Ag Au Contained Cu Contained Ag Contained Au 0.8% vs 1.0% Copper cut-off: [%] [Mt] [%] [g/t] [g/t] [t] [Oz] [Oz] • 53% increase in tonnes 0.8 26.0 1.28 13.06 0.15 332,000 10,901,000 127,000 • 32% increase in contained copp
Slide 11: Upgrading resources to support feasibility studies
Upgrading resources to support feasibility studies For personal use only • Maiden JORC Resource in the ‘Measured’ category of 2.1Mt • Highest confidence category possible under JORC • Updated MRE based on 59 new holes • 80+ holes drilled since the JORC Resource Update Next JORC Update – Q3 2022 11 R
Slide 12: Resource expansion
Resource expansion For personal use only Significant opportunity to further expand resources based on a strong geophysical target area Geophysical target area Mineral Resources 12
Slide 13: Resource growth continues with two surface drills
For personal use only Resource growth continues with two surface drills Underground drill to commence late 2022 13
Slide 14: Strong resource growth and upgrade potential
Strong resource growth and upgrade potential 0.5m @ 5.96% Cu, 45.40g/t Ag, 6.66g/t Au 524500 within Golden Eagle For personal use only 1.7m @ 3.12% Cu, 22.35g/t Ag, 2.09g/t Au Drill Hole: WT-21-79 OREX Strong drill results to The Talon Magnetic 1.9m @ 3.77% Cu, 28.44g/t Ag, 0.39g/t Au 4.5m @ 2.37% C
Slide 15: Resource infill drilling
Resource infill drilling For personal use only • Infill drilling aims to upgrade Resource classification • Infill drilling results supporting existing MRE • New zones of mineralisation, previously not assayed, identified. 15 Refer ASX Announcements 25 May 2020, 30 July 2021 and 29 October 2021
Slide 16: Recommission of the existing underground mine commenced
Recommission of the existing underground mine commenced For personal use only Ventilation Studies Geotechnical Inspections Electrical Inspections Recommissioning the underground mine to enable: • Resource upgrade and expansion drilling from underground • Access to commence various studies – metallur
Slide 17: Access to mineralisation – rapid restart potential
Access to mineralisation – rapid restart potential For personal use only • Existing development alongside Mineral Resources • Predominantly sulphide mineralisation 17
Slide 18: Existing development – rapid restart potential
Existing development – rapid restart potential For personal use only Good ground conditions and limited dewatering assists setup of underground drilling and potential rapid restart of operations 18
Slide 19: Expansion potential – near mine
Expansion potential – near mine For personal use only Regional potential (OREX) Refer ASX Announcements 16 April 2021, 29 July 2021, 31 August 2021, 19 12 January 2022, 3 March 2022, 15 March 2022 and 20 April 2022
Slide 20: Conceptual Section
For personal use only Conceptual Section Large scale potential for multiple styles of mineralisation 20
Slide 21: Outcropping mineralisation at OREX
For personal use only Outcropping mineralisation at OREX 21
Slide 22: Metallurgy
Metallurgy For personal use only When operated in the early 1990’s • Metallurgical Recoveries* – o Copper ~90% o Silver ~ 81% o Gold ~ 81% • Conventional Processing Facility o Crush / Grind / Float / Filter • Product – Bulk Cu/Ag/Au concentrate • No penalties due to deleterious elements Processing P
Slide 23: Permitting
permitting For personal use only • All mineral resources held on Patented Claims which assists in permitting • Key permits obtained in 2013-15 as part of plans to restart mining: o Aquifer Protection Permit (Tailings Storage Facility) o Air Quality Permit • All permits to be updated / applied for ba
Slide 24: Development timetable
development timetable For personal use only 2022 2023 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Resource Expansion Drilling Aim to build critical mass JORC Resource Updates of Resources while Drilling - infill concurrently advancing Drilling - infill (underground) mining studies Metallurgical
Slide 25: Strategy
strategy For personal use only Building Mineral Resources • The Talon • The Wave • Exploration Target Upgrade Resource confidence – drill from underground Commence Mining Studies • Metallurgy • Tailings designs • Mine design Explore for new styles of mineralisation Strategic Land Acquisitions Create
Slide 26: 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 265 m (31 March 2022) 4 Share Price $0.34 (02 May 2022) 0.80 EM2 Share Price -A$/Sh 3 Cash $16.9m (31 March 2022) 0.60 Debt 1 $8.8m 2 0.40 Market Capitalisation $90m (undiluted)
Slide 27: Value proposition
Value proposition For personal use only JORC copper resource of 17Mt at 1.48% Cu – and growing* Ongoing drilling program with plans to drill underground ESG - Good credentials to potentially be a low emission mining operation Rapid Restart Potential - Existing underground mine Location – Multiple pr
Slide 28: 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 29: 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
Eagle Mountain Mining — RIU Sydney Resources Round-up 2022 on 6ix