Emerita Resources Corp. · TSXV:EMO
Emerita Resources — Investor Presentation (September 2022)
31 slides from Emerita Resources's investor presentation, September 2022
Slide 1: Investor Presentation: Developing High Grade Polymetallic Deposits in Spain
Investor Presentation Developing High Grade Polymetallic Deposits in Spain TSX-V: EMO Frankfurt: LLJA OTCQB: EMOTF September 2022
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains, or incorporates by reference, “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, statements with respect to the future performance of Em
Slide 3: Immediate, Near, and Medium-Term Potential for Value Accretion
IMMEDIATE, NEAR, AND MEDIUM-TERM POTENTIAL FOR VALUE ACCRETION IBERIAN BELT WEST PROJECT (IBW) (IBERIAN PYRITE BELT) ▪ Three deposits, La Romanera, El Cura and La Infanta. Zinc-copper-lead-silver at surface to shallow depths. The IBW deposits were drilled by Minera Rio Tinto and Phelps Dodge in the
Slide 4: Share Capital Structure and Management
SHARE CAPITAL STRUCTURE AND MANAGEMENT CAPITALIZATION (IN MILLIONS) David Gower Mr. Gower is a founding director of Emerita and has held Executive and Director (P.Geo.) positions with several junior and midsize mining companies for the past 12 years, CEO and Director including President of Brazil Po
Slide 5: Board of Directors
BOARD OF DIRECTORS Lawrence Guy Larry Guy is a Managing Director with Next Edge Capital focused on driving the business forward via strategic partnerships, Chairman corporate development, and development of new products. Previously, Mr. Guy was a Vice President with Purpose Investments having joined
Slide 6: Value Proposition
VALUE PROPOSITION As a comparable metric, Arizona Mining Corp. was taken over via all-cash offer of C$2.1B by South32 Q3 2018 IBW* AZNALCOLLAR* ARIZONA MINING CORP Zn (%) 5.5 6.7 4.1 Pb % 2.47 3.8 4.3 Ag (oz/t) 2.1 2.3 2.3 Tonnes (Mt) 17 Mt (open) 70 Mt (open) 101 Depth (meters) 0 - 350 0 - 300 350
Slide 7: Business and Development Environment: Targeting Best-in-Class Projects
BUSINESS AND DEVELOPMENT ENVIRONMENT TARGETING BEST-IN-CLASS PROJECTS ▪ Portfolio of high grade, large scale polymetallic projects in the renowned Iberian Pyrite Belt. ▪ Junta declared underground mining a preferred economic development activity for the region in March 2021. EU announced 3.2B Euro f
Slide 8: Iberian Pyrite Belt – Grade, Scale and Scalability, and Infrastructure
IBERIAN PYRITE BELT – GRADE, SCALE AND SCALABILITY, AND INFRASTRUCTURE The renowned Iberian Pyrite Belt is one of the most productive Volcanogenic Massive Sulphide terranes in the world with exceptional infrastructure and ease of access PLAZA NORTE (50%) CANTABRIA, SPAIN IBW Nuevo Tintillo Aznalcoll
Slide 9: Iberian Belt West Project - Andalucía, Spain
IBERIAN BELT WEST PROJECT - ANDALUCÍA, SPAIN PROJECT SUMMARY LA ROMANERA AND LA INFANTA ▪ 100% owned. Hosted within the Iberian Pyrite Belt, one of the most productive VMS terranes in the world. ▪ Three high-grade polymetallic deposits – La Romanera, El Cura and La Infanta, VMS, zinc-copper-lead-sil
Slide 10: La Romanera Deposit Drill Highlights
LA ROMANERA DEPOSIT DRILL HIGHLIGHTS DRILL HOLES Emerita has data for 51 historical drill holes on the La Romanera Deposit, by Rio Tinto and certain holes by Asturiana. Asturiana did not assay for gold, certain holes will be redrilled. PERMITTING Emerita is fully permitted and currently drilling at
Slide 11: Iberian Belt West Project – La Romanera Deposit
IBERIAN BELT WEST PROJECT – LA ROMANERA DEPOSIT LA ROMANERA HISTORICAL DRILL COLLAR LOCATIONS, SURFACE PROJECTION AND CROSS SECTION The deposit remains open below 350 meters and is +20 meters thick in the deepest drill hole on this section TSX-V: EMO Frankfurt: LLJ (1) Historical drill results have
Slide 12: Iberian Belt West Project – La Romanera Deposit
IBERIAN BELT WEST PROJECT – LA ROMANERA DEPOSIT The Company has nine drills at the La Romanera deposit and expects a steady flow of results in the coming months. Samples are regularly shipped to the ALS lab for analysis and these ongoing results are reported once data is received. The Company has la
Slide 13: La Romanera Deposit – First Drill Hole Confirms High Grade Results
LA ROMANERA DEPOSIT – FIRST DRILL HOLE CONFIRMS HIGH GRADE RESULTS LR002: 14.3 meters of massive sulphides grading 7.61 g/t Au, 311.1 g/t Ag, 3.0% Zn, 2.9% Pb, 0.4% Cu from 134.2 meters depth SIGNIFICANT HIGHLIGHTS (1) Quality Assurance/Quality Control Drill Depth Depth Width Cu Pb Zn Au Ag was comp
Slide 14: La Romanera Deposit – Drilling Program (July 7th, 2022 Highlights)
LA ROMANERA DEPOSIT – DRILLING PROGRAM (JULY 7TH, 2022 HIGHLIGHTS) Consistent high grades throughout the drilling program show positive correlation with historical results with respect to intercept location and width with gold and silver grades higher than previously indicated SIGNIFICANT HIGHLIGHTS
Slide 15: La Romanera Deposit – Drilling Program (August 4th, 2022 Highlights)
LA ROMANERA DEPOSIT – DRILLING PROGRAM (AUGUST 4TH, 2022 HIGHLIGHTS) SIGNIFICANT HIGHLIGHTS (1) Drill Depth Depth Width Cu Pb Zn Au Ag Hole From To (m) (%) (%) (%) (g/t) (g/t) (m) (m) LR005 117.7 124.7 7.0 0.2 3.9 4.4 2.44 143.1 (UL) LR005 168.5 185.4 16.9 0.4 1.0 2.2 2.90 145.2 (LL) Incl. 173.0 177
Slide 16: La Romanera Deposit – Drilling Program (August 22nd, 2022 Highlights)
LA ROMANERA DEPOSIT – DRILLING PROGRAM (AUGUST 22nd, 2022 HIGHLIGHTS) SIGNIFICANT HIGHLIGHTS (1) Drill Depth Depth Width Cu Pb Zn Au Ag Hole From To (m) (%) (%) (%) (g/t) (g/t) (m) (m) LR008 282.6 301.9 19.4 0.4 4.6 5.1 2.30 204.6 (UL) LR008 336.9 355.7 18.8 1.4 0.6 1.2 0.96 20.4 (LL) LR010 275.7 28
Slide 17: La Romanera Deposit – Drilling Program (September 8th, 2022 Highlights)
LA ROMANERA DEPOSIT – DRILLING PROGRAM (SEPTEMBER 8TH, 2022 HIGHLIGHTS) SIGNIFICANT HIGHLIGHTS (1) Drill Depth Depth Width Cu Pb Zn Au Ag Hole From To (m) (%) (%) (%) (g/t) (g/t) (m) (m) LR009 560.7 567.4 6.7 0.3 1.4 4.2 0.84 102.4 (UL) LR009 581.3 597.8 16.5 0.2 3.1 3.6 2.29 254.7 (LL) LR013 223.0
Slide 18: Iberian Belt West Project – La Infanta Deposit
IBERIAN BELT WEST PROJECT – LA INFANTA DEPOSIT LA INFANTA DRILL INTERCEPTS AND DRILL COLLAR LOCATIONS (1) Depth Depth Intercept Cu (%) Pb (%) Zn (%) Ag (g/t) from (M) to (M) (M) 78.0 84.1 6.1 4.00 11.18 17.71 115.0 21.5 25.2 3.8 0.73 2.00 3.93 30.0 98.5 101.5 3.0 0.41 4.72 11.97 12.0 88.2 91.3 3.1 1
Slide 19: La Infanta Deposit Drill Program (January 28th, 2022 Highlights)
LA INFANTA DEPOSIT DRILL PROGRAM (JANUARY 28TH, 2022 HIGHLIGHTS) Drilling has confirmed high grade results and is now expanding the mineralization SIGNIFICANT HIGHLIGHTS (1) Drill Depth Depth Width Cu Pb Zn Au Ag Hole From To (m) (%) (%) (%) (g/t) (g/t) (m) (m) IN019 79.10 80.50 1.4 1.5 24.0 7.2 0.5
Slide 20: La Infanta Deposit Drill Program (August 4th, 2022 Highlights)
LA INFANTA DEPOSIT DRILL PROGRAM (AUGUST 4TH, 2022 HIGHLIGHTS) SIGNIFICANT HIGHLIGHTS (1) The drilling to date has almost doubled the historic strike length to 1200 m (vs 600 m historic) and Drill Hole Depth Depth Width Cu Pb Zn Au Ag From To (m) (%) (%) (%) (g/t) (g/t) significantly expanded the ve
Slide 21: La Infanta Deposit Drill Program (September 8th, 2022 Highlights)
LA INFANTA DEPOSIT DRILL PROGRAM (SEPTEMBER 8TH, 2022 HIGHLIGHTS) SIGNIFICANT HIGHLIGHTS (1) The 2 drill holes reported below are located on the Drill Hole From To Width Cu Pb Zn Au Ag eastern and western side respectively of the (m) (m) (m) (%) (%) (%) (g/t) (g/t) La Infanta deposit, and about 650
Slide 22: Aznalcollar Project – Andalucía, Spain: Project Summary
AZNALCOLLAR PROJECT – ANDALUCÍA, SPAIN PROJECT SUMMARY (1) HIGH-GRADE DEPTH EXTENSIONS ▪ One of world’s best undeveloped zinc deposits - past producer. ▪ Approximately 73 Mt including 20 Mt grading 10.8% Zn+Pb+Cu (Ag 84 g/t) open at depth based on a historical mine reserve estimate. Open for expansi
Slide 23: Aznalcollar Project – Los Frailes Polymetallic VMS Deposit
AZNALCOLLAR PROJECT – LOS FRAILES POLYMETALLIC VMS DEPOSIT GEOLOGICAL SOLID MODEL AND UNDERGROUND PLAN (1) The 20Mt high-grade portion of the historical resource(1) is Past-Producing entirely within the Los Frailes Open Pit deposit. The past producing Aznalcollar deposit and a third 0m deposit also
Slide 24: Aznalcollar Project – Los Frailes Cross Section and DDH Results
AZNALCOLLAR PROJECT – LOS FRAILES CROSS SECTION AND DDH 106 RESULTS (1) DDH Results Zn Eq% Zn% Pb% Cu% Ag ppm Deposits drilled to open pit depths only, high grade continues beyond current drilling. The deposit is 40 meters thick at the deepest drill hole. TSX-V: EMO (1) Historical drill results have
Slide 25: Nuevo Tintillo Project Geological Map
NUEVO TINTILLO PROJECT GEOLOGICAL MAP (NUEVO TINTILLO) (1) Property covers 23 km on 1 trend with major producing operations in the region. 3 past producers and 5 other known metal occurrence 2 within the property boundary. Aguas Tenidas, Rio Tinto to the northwest and 3 Aznalcollar and Cobre Las Cru
Slide 26: Nuevo Tintillo Project – Airborne Survey (July 20th, 2022 Highlights)
NUEVO TINTILLO PROJECT – AIRBORNE SURVEY (JULY 20TH, 2022 HIGHLIGHTS) At least 15 targets associated with magnetic anomalies On the west side of the Project, the strongest conductors are and electromagnetic conductors favourable for polymetallic coincident with the location of the past producing San
Slide 27: Summary / Catalyst
SUMMARY / CATALYST Emerita has 100% ownership of the high-grade Iberian Belt West (“IBW”) Project. Favourable resolution of the legal case for the Aznalcollar Deposit expected imminently. The Company is well financed to complete the planned programs including initial work at Aznalcollar. Both are wo
Slide 28: Appendix
Appendix
Slide 29: Iberian Belt West Project – Historical La Romanera Deposit Drill Highlights
IBERIAN BELT WEST PROJECT – HISTORICAL LA ROMANERA DEPOSIT DRILL HIGHLIGHTS HOLE ID Width Au g/t Ag g/t Cu % Pb % Zn % 5590 2.0 7.80 74.00 0.58 2.80 8.40 5615 14.0 1.11 32.14 0.35 3.48 6.65 5624 6.0 2.20 81.00 0.20 2.60 5.13 Highlights from historical drilling on 5681 2.0 5.40 156.00 0.32 3.40 9.20
Slide 30: La Romanera Deposit – Drilling Results Key Takeaways
LA ROMANERA DEPOSIT – DRILLING RESULTS KEY TAKEAWAYS) Significant Gold Grades Gold Mineralization ▪ LR002’s new assays returned 7.6 g/t ▪ Most of the upper portion of the La gold and 311 g/t silver - significantly Romanera deposit, 100–200m, was not higher than the 1 g/t gold and 64 g/t assayed for
Slide 31: Aznalcollar Project – Legal Status
AZNALCOLLAR PROJECT – ANDALUCÍA, SPAIN LEGAL STATUS Administrative Court (responsible for awarding the Property) has commenced proceedings given the Criminal court ruling with no further appeals. Three judges have been appointed to resolve the criminal 3) case with a trial date expected in the short
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