Mineral And Financial Investments Ltd · LSE:MAFL
Mineral And Financial Investments — Investor Presentation (January 2024)
24 slides from Mineral And Financial Investments's investor presentation, January 2024
Slide 1: Investment Presentation
Investment Presentation Investing with Intelligence Mineral & Financial Investments Limited A mining finance company Investor Presentation –January 2024 1
Slide 2: Disclaimer
DISCLAIMER Please read • This document is issued by Mineral and Financial Investments Limited (“M&FI”), which is authorised and regulated by the Financial Conduct Authority (the “FCA”). M&FI is a Limited company registered in Cayman Island. When the term “We” is used it refers to the Company and its
Slide 3: M&F's Investment & Value Proposition
M&F’s Investment & Value Proposition 1. CONSISTENT OUTPERFORMANCE: M&F has a strong historical performance - NAV is up 899.2%, or a Compound Annual Growth Rate (“CAGR”) of 25.9%, since June 30, 2013. 2. TARGETED STRATEGY: M&F invests in natural resources but is focused on the metals and mining secto
Slide 4: M&F: Leading With Experience, Delivering With Performance
M&F: Leading With Experience Delivering With Performance • Management and Board has >140 years of combined mining investment experience in: o Investments; o M & A Advisory; o Financing Structures; o Corporate Finance; o Strategic Advisory; o Investor Relations, and; o Capital Markets o Project Finan
Slide 5: Investments Portfolio Components Characteristics
Investments Portfolio Components Characteristics •Capital Preservation with Reasonable Tactical Portfolio Returns “Offsets risk in the Strategic •Liquid, High Quality Portfolio” •Multiple Asset Classes •Pre-Production Stage Strategic Portfolio •Longer Term Horizon •3-20% Equity Stake “Patient but de
Slide 6: M&F's Investment Life-Cycle approach
M&F’s Investment “Life-Cycle” approach Exit when timing is Invest capital with intelligence appropriate: when few others would or could: • Systematic due diligence (site visits, technical experts) • Early drilling must have identified • Monetize investment when timely and mineralization appropriate
Slide 7: Business Principles
Business Principles We believe mining businesses are composed of three basic assets: Geological Assets: The Foundation We focus on correct and prudent identification of the geological assets Financial Assets: The Strategic Backbone through rigorous due diligence. The remaining assets can be improved
Slide 8: Exploration budget and funds raised by juniors
over time; however, the change in investment many continued and markets rode a rising tide — thankscommodities expected to costsfall into deficits to multidecade highs. While this initially aided at the cost of base and other metals financings, proven to be otherwise. The resulting higher 5 $12.18 b
Slide 9: The Investment Opportunity: A Unique Window
The Investment Opportunity: A Unique Window S&P Commodity Index vs. S&P 500 Index • We believe this is a generational investment opportunity: We believe that over investment in exploration from 1998 to 2008 led to prolonged under performance versus equity markets. Now 14 years of low interest rates
Slide 10: An Economic Crisis: Remains a Very Real Possibility
An Economic Crisis: Remains a Very Real Possibility Despite recent reductions - US Fed’s balance sheet remains up >800% since 2008, and up 200% since beginning of 2020 US Money M1 Velocity: DOWN 89% since 2009 US Money Supply: M1 is up x4.6 since 2020 Shiller S&P 500 Long term P/E 50 18 45 1981 2000
Slide 11: Money Supply remains a Monetarists' Nightmare
Money Supply remains a Monetarists’ Nightmare Chart “Take-Aways”: 1. USA: M3 growth accelerated sharply from 2020 and has slowed very negligibly 2. Europe and UK: M3 growth followed closely behind US M3 growth with little sign of slowing 3. China: M1 growth was highly stimulative to counter COVID ec
Slide 12: M&F's NAV Performance
M&F’s NAV Performance Absolute performance has been strong / Relative Performance has been exceptional Quarterly NAVPS Annual NAV £10,000, 000 20.0p .9% £9,000,000 2 R: 2 CAG £8,000,000 .9% 15.0p £7,000,000 R +25 CA G £6,000,000 24.3p £5,000,000 10.0p 20.0p 18.2p £4,000,000 14.5p 15.5p £3,000,000 5.
Slide 13: Strong Performance & Conservative Balance Sheet and Cost Structure
M&F Has Strong Performance & Maintains Conservative Balance Sheet and Cost Structure Portfolio Evolution Timing / Portfolio Composition Targets 100% 250.0 Cash 90% 8% 80% 200.0 70% Tactical 60% 150.0 23% 50% 40% 100.0 30% Strategic 20% 50.0 69% 10% 0% - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q
Slide 14: Portfolio Composition: Overweight Precious Metals
Portfolio Composition: Overweight Precious metals but evolving towards Base and Specialty metals PORTFOLIO ALLOCATION Cash M&F Investments Ltd 8% Tactical Strategic Investments New Ventures 23% Cash Tactical Investments Strategic 69% Ascendant Resources Agnico Eagle Mines Ltd B2 Gold Corp Luca Minin
Slide 15: Management & Board
Appendix Slides & Notes: Management & Board Mark T. Brown, CA CPA – Independent Non-Executive Chairman: Chartered Accountant since 1993 while working with PriceWaterhouseCoopers in Vancouver B.C., Canada. Mr. Brown has led the financial aspects of Tarsis Resources Ltd. since 2007, including financin
Slide 16: Redcorp Empreedimentos Mineiros Lda.
Redcorp Empreedimentos Mineiros Lda. (Private) Lagoa Salgada – Significant Resource and enormous Upside Potential 16 22 Lagoa LagoaSalgada SalgadaProject 2019 Feasibility Geophysics Study Program Lagoa Salgada Project Lagoa Salgada Exploration Project Robust Economics Geophysics Work Demonstrated fo
Slide 17: Lagoa Salgada Project
Lagoa Salgada Project Venda Nova - Est. Annual Cash Flows (Feasibility Study 28 July 2023) $90.0 $84.0 $71.6 $75.2 $63.8 $68.2 $62.8 $67.8 $70.0 $56.2 $50.0 $23.1 $22.8 $20.4 $23.7 $19.2 $16.3 $19.9 $16.2 $30.0 $15.2 $18.6 $16.7 $14.8 $12.9 $10.4 $11.2 $8.4 $6.0 $4.3 USD Millions $10.0 -$10.0 2024 2
Slide 18: Lagoa Salgada Project Reserves and Resources
Redcorp Empreedimentos Mineiros Lda. Lagoa Salgada Project Lagoa Salgada ProjectEstimate Resource Feasibility Study for 100% of the Venda Nova (North) (Central) (South) Mineral Reserves and Resources Updated Mineral Estimate (July 28, 2023) Reserves Mass NSR Cu Pb Zn Sn Ag Au ZnEq CuEq Zone Category
Slide 19: Cerrado Gold
Cerrado Gold (Public – Listed on TSXV) One mine in Argentina with growingMonte production do Carmo: Serra Alta and PEA Results a growing 11 Cerrado Gold Cerrado Gold multi-million oz. exploration project in Brazil Company Overview Cerrado Gold - Strong Production Growth Profile Company Overview Augu
Slide 20: Golden Sun Resources (Private)
Golden Sun Resources (Private) Production Expanding to 146,000 TPA in 2024 Summary of Investment Mine Site, Buildings and equipment Planned Expansion Phases • The business model is to re-start production on a small scale and self-finance expansion PHASE 1 (Q3-2019): resulting in minimal shareholder
Slide 21: Ideon Technologies (Private)
Ideon Technologies (Private) New Technology: Muon Tomography based Mineral Exploration TRANSFORMING SUBSURFACE DISCOVERY™ VALUE PROPOSITION US$11 B SUBSURFACE INTELLIGENCE - TOTAL ADDRESSABLE MARKET Examples ~US$100 B DRILL LESS. DISCOVER MORE.™ TODAY 10 YEARS+ • Tailings and leaching heap monitorin
Slide 22: Luca Mining Corp (LUCA – TSXV)
Luca Mining Corp (LUCA – TSXV) A Recapitalized Mexican Producer with two operating mines now focused on improving throughput, productivity and financial results New Management & Board New Controlling Shareholder Int’l experience including Lundin Calu Opportunity Fund CAMPO MORADO (COPPER + ZINC) 2 P
Slide 23: TerraSun Exploration (Private)
TARGETING Terrasun HISTORICAL ExplorationGOLD (Private) PRODUCERS, KNOWN CostaDEPOSITS & MINERALIZATION Rican Exploration Spin out from GSR Now the Leading Exploration Portfolio in Costa Rica 17 Key Exploration Concessions PALMITO 2,000 ha RIO CHIQUITO 2,000 ha LA LEONA 1,600 ha ROBLE 600 ha LA TIGR
Slide 24: Digbee Limited (Private)
Digbee Limited (Private) ESG Audit & Mining Data Company Focused on Natural Resource Companies Rewarding Good & Responsible Companies with a Lower Cost of Capital Subscription Business Model ESG-orientated assets under management will almost double by 2026 from $18.4tn to $33.9tn Source: PWC Asset a
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