Meridian Mining Plc · TSX:MNO
Meridian Mining — Meridian Mining UK S — Investor Presentation (April 2021)
30 slides from Meridian Mining's investor presentation, April 2021
Slide 1: Re-emergence of the Cabaçal Copper-Gold VMS Camp
Re-emergence of the Cabaçal Copper-Gold VMS Camp TSX.V MNO Corporate Presentation, April 2021 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: Investment Highlights - The Next Copper-Gold VMS Province
I NVESTMENT HI G HLI G HTS - THE NEXT COPPER-G OLD VMS PROVI NCE INITIAL ASSAY RESULTS INCLUDE1: VMS camp scale project with 36km strike length and two historic mines • HIGH-GRADE 10.2M @ 5.9% CUEQ, - WITHIN 15.9M AT 4.0% CUEQ; AND Large historic Copper-Gold resource2 • HIGH-GRADE 17.2 AT 3.2% CUEQ,
Slide 4: Cabaçal Project Overview
CABAÇAL Project Overview Cabaçal Copper-Gold VMS Project BRAZIL • Volcanic Massive Sulphide (VMS) camp scale project hosting Copper-Gold, plus Silver, Zinc and Lead MATO mineralization with excellent metallurgy GROSSO • Tenements cover 36 km of semi-contiguous strike length of the Cabaçal VMS Corrid
Slide 5: Cabaçal Copper-Gold VMS Project
CABAÇAL Cabaçal Copper-Gold VMS Project 10 km • Cabaçal VMS Belt includes: IMAGE OF ON-GOING EXPLORATION PROGRAM — Polymetallic VMS system Cu-Au + Ag-Zn-Pb — Two historic high-grade mines >1.8km CABAÇAL — Large Historic Resource1 CENTRAL DEPOSIT • The low risk, pre-defined Copper-Gold mineralized en
Slide 6: Cabaçal Copper-Gold Mineralization
CABAÇAL Cabaçal Copper-Gold Mineralization Open Pit and Underground Development Cabaçal Resource Definition Program Potential defined by over 400 drill holes • Cabaçal has defined multiple thick shallow dipping zones of open • Digital capture of additional historical data Copper-Gold plus Silver-Zin
Slide 7: 2021 Initial Drill Targets
CABAÇAL 2021 Initial Drill Targets Cabaçal Near-Mine Target Zones • Southern Copper Zone (SCZ) • Down dip extension of historic workings • High grades recorded in known mineralized area • Drill program designed to replicate historic assays and target extensions to the existing mineralization • Easte
Slide 8: Southern Copper Zone - 2021 Drill Program Results
CABAÇAL Southern Copper Zone - 2021 Drill Program Results Targeting Down-Plunge Extension • Drill program targeted to test a more sparsely drilled corridor in the Southern Copper Zone; undeveloped due to the copper dominant character of the mineralization • Mason and Kerr Report in 1990 highlighted
Slide 9: Southern Copper Zone - 2021 Drill Program Results
CABAÇAL Southern Copper Zone - 2021 Drill Program Results MASON AND KERR CROSS-SECTION ST 268 SHOWING HOLE CD-004 ^ • Assay results from initial drill holes include 15.9m at 4.0% CuEq and 49.6m at 1.4% CuEq1 confirming grade and thickness potential of Southern Copper Zone • Individual meter interval
Slide 10: Eastern Copper Zone - 2021 Drill Program Results
CABAÇAL Eastern Copper Zone - 2021 Drill Program Results Targeting Up-Dip Extension • Previous operators have been focused on the underground potential around the Central Copper Zone and have sparce drilling in the Eastern Copper Zone • Mason and Kerr Report in 1990 highlighted the potential of the
Slide 11: 2021 Geophysical Program Results
CABAÇAL 2021 Geophysical Program Results 1 MODELLED MAXWELL PLATE OVER AND PROJECTING SOUTH-EASTERLY MODELLED MAXWELL PLATE FROM DHEM ON HOLE CD-001 ^ ^ FIELD TEAM COMPLETING 2021 GEOPHYSICAL PROGRAM ^ • The BHEM survey from CD-001 has outline a significant conductor within the SCZ trending to the s
Slide 12: De-Risking Extensive Historic Database
De-Risking Extensive CABAÇAL Historic Database Exploration program applying modern methods and Historical Investment in exploration technology to prove and expand on historic resource guiding the 2021 program • Initial geophysics identifies significant conductor co-incident with and extending • Caba
Slide 13: Metallurgy: Historical Analysis
CABAÇAL Metallurgy: Historical Analysis 1 BP MINERALS / RIO TINTO - FULL YEAR MILL SUMMARY FOR 1990 ^ Cabaçal Historical Operations Cabaçal Mill Flotation Gravity Total Metal Year: 1990 Feed Recoveries Recoveries Recoveries • Cabaçal underground mine operated by BP Minerals/Rio from 1987 to Month Au
Slide 14: Mine Corridor Exploration Program
Mine Corridor Exploration CABAÇAL Program Mine Corridor: Advanced Exploration Drill Collar “We are excited about the potential for more ore discovery • Cabaçal BP Gold Anomalies Northwest Project Outline around Cabaçal and in belt as a whole… In a Canadian Conductors Maxwell VTEM Plates context the
Slide 15: New Regional Targets
CABAÇAL New Regional Targets Meridian secures significant land position within an emerging CABAÇAL copper-gold province1 JAURÚ & ARAPUTANGA PROJECT Southern extension of Cabaçal Copper-Gold • PROJECTS VMS belt secured The historical copper-geochemical anomaly • defined by BP in the 1980’s at the sou
Slide 16: Development Timeline
CABAÇAL Development Timeline 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; d
Slide 17: 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 • P
Slide 18: Board of Directors and Executive Management
B OARD OF DIRECTORS A N D E X E C U T I V E M A N A G E M E N T G I L B E RT C L A RK , Executive Chairman S O R A I A M O R A I S , Chief Financial O f f i c e r 20 years of international experience within the natural resources industry. Mr Clark was A Chartered Professional Accountant with over 15
Slide 19: Advisory Board – 270+ Years of Experience
ADVI SORY B OARD – 270+ YEARS OF EXPERI ENCE Advisory Board AFONSO ROCKY PHILLIP MIKE GILSON JO HN F U G U E I RE DO OSBORNE MACKEY OUNPUU TEIXEIRA W A G HO RN 50 Years Experience 40 Years Experience 50 Years Experience 40 Years Experience 40 Years Experience 54 Years Experience Mr Afonso Manoel de
Slide 20: Selected Financial Information
SELECTED F I N A N C I A L I N F O R M A T I O N Meridian Mining UK S Corporate Structure* Shares Outstanding 111.2 m • Meridian Mining UK S listed on the TSX Venture Exchange (Ticker: MNO) — Management ownership - 6.29 million shares Warrants 50.9 m (CAD 0.11-0.30) • Limited Recourse Loan (“LRL”) B
Slide 21: Appendix
APPENDIX MNO meridianmining.co
Slide 22: Brazil: A Mining Country – Copper-Gold Sector
BRAZIL: A M I N I N G COUNTRY – COPPER-G OLD SECTOR Brazil Hosts Several Large Base N Metal Mines, Development Assets, and Exploration Frontiers • ERO Copper successfully restructured a historic mining complex to produce ~40ktpa Cu, and are currently executing a large scale exploration program • Ang
Slide 23: Project Development Vs. Metals Pricing Over Time
CABAÇAL Project Dev elopm en t Vs. Metals Pricing Over T i m e Timing and History are Crucial in Mining Transactions and Value Creation Vendors St Helena mine St Helena closed 2,500 underground 5.0 Cabaçal mining starts underground Cabaçal acquired by 4.5 mining starts Meridian Cabaçal 2,000 sold to
Slide 24: Defining the Industry's Next VMS Camp
CABAÇAL Defining the Industry’s Next VMS Camp Cabaçal VMS Project Analogues Proposed extent of alteration system Hypothetical alteration area of influence • Cabaçal is a camp scale VMS project underexplored and under-developed 5km compared to analogue camps • VMS deposits tend to form periodically,
Slide 25: VMS Camps: Importance of Modern Exploration Techniques
VMS Camps: I m p o r t a n c e of CABAÇAL M o d e r n Exploration Techniques Flin Flon Greenstone Belt Mine Life The Technical Evolution & Discovery Methods • First discovery identified through prospecting (David Collins - Tom Creighton, 1914) Method Used Geophysical • Early mapping and geochemistry
Slide 26: A Structured Option Agreement Protects Meridian Shareholders
CABAÇAL A Structured Option A g r e e m e n t Protects Meridian Shareholders Equity and provides Vendors an Interest Going Forward Payment Schedule Requirements Vendor Payment Vendor Payment • The Cabaçal option (Months) (USD) (Shares) agreement is to acquire a 100% beneficial interest for MNO will
Slide 27: Espigão Copper-Gold Polymetallic Project
ESPIGÃO Copper-Gold Polymetallic Project Meridian Ownership: • 100% of the Espigão exploration and mining licenses Cacoal Espigão BRAZIL D’Oeste Pimenta Bueno RONDÔNIA Located within the Amazon Craton: • Anglo American, NEXA, Codelco, OZ Minerals RONDÔNIA Copper-Gold Target with District Scale Zonat
Slide 28: Espigão Polymetallic Project - Advanced but Un-Tested
ESPIGÃO Polymetallic Project - Advanced but Un-Tested* The Espigão Polymetallic Project Contains Multiple Deep-Seated Magnetic Anomalies and Conductivity Anomalies • Magnetic anomalies are found along the same regional structural corridors hosting polymetallic vein systems • Electromagnetic (EM) con
Slide 29: Importance of the Geophysical / Geochemical – Analogues
The I m p o r t a n c e of t h e Geophysical / ESPIGÃO Geochemical –Analogues Geochemical and geophysical vectoring has driven exploration success in other camps • Oak Dam (BHP): IOCG - 800m below surface discovered via a surface gravity survey • Cannington (South 32): Ag-Pb-Zn polymetallic - 60m be
Slide 30: Meridian Mining UK S
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 MNO meridianmi
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