Antilles Gold Ltd · ASX:AAU
Antilles Gold — Investor Presentation (February 2021)
20 slides from Antilles Gold's investor presentation, Feb 18, 2021
Slide 1: Antilles Gold Limited Investor Presentation
18 FEBRUARY 2021 For personal use only ANTILLES GOLD LIMITED INVESTOR PRESENTATION Antilles Gold Limited (ASX: AAU) (Antilles Gold or the Company) is pleased to release the attached Investor Presentation dated 15 February 2021. The Presentation highlights the Company’s focus on the near term develop
Slide 2: Investor Presentation
For personal use only INVESTOR PRESENTATION ASX CODE: AAU 15 FEBRUARY 2021
Slide 3: Forward-Looking Statement and Disclaimer
Forward-Looking Statement Some of the statements contained in this presentation are forward -looking statements, such as statements that describe Antilles Gold Limited’s (“AAU”) future plans, intentions, objectives or goals, and For personal use only specifically include but are not limited to state
Slide 4: Our Focus
Our Focus Focussed on the mineral For personal use only potential of Cuba and the Dominican Republic in the Greater Antilles Islands of the Caribbean. Antilles Gold intends to be at the forefront of the emerging gold sector in Cuba and is focussed on developing several gold/silver deposits which are
Slide 5: Snapshot
Snapshot Shares on Issue 195,141,649 For personal use only Top 5 Shareholders % Mr Brian Johnson and related entities 69,722,054 35.73 Mercury Connection International Co Ltd 20,000,000 10.25 Mr Erle Edwinson 19,524,451 10.01 Mr Yung Wing Ho & Mrs Kam Ling Ho 5,869,008 3.01 BNP Paribas 5,491,134 2.7
Slide 6: Financial Summary
Financial Summary Assets For personal use only Cash position, 31 December 2020 A$5.0 million Proceeds from sale of surplus plant 2021 A$4.5 million Potential settlement of claim on Dominican Republic Government - assumed 50% 2021 A$12.8 million NPV for 49% of La Demajagua gold/silver project not inc
Slide 7: Near-Term Objectives
Near-Term Objectives Establish interest in portfolio of advanced Planned production from stage one open pit mine for For personal use only exploration prospects with potential to collectively six years - 60,000 tpa refractory concentrate host multi-million ounces of gold. containing 100,000 oz Au eq
Slide 8: Exploration Target
Exploration Target Cube Consulting’s estimate of the Exploration Target for the La Demajagua ore body reported to ASX 10 For personal use only November 2020: DEMAJAGUA EXPLORATION TARGET (above 1.0 g/t Au cut-off grade) Range Tonnes Grade (Au g/t) Oz Au Grade (Ag g/t) Oz Ag Lower 16,000,000 2.3 1,20
Slide 9: La Demajagua Drilling Program
La Demajagua Drilling Program For personal use only Insert: Photo of Drill Core Diamond Drill Rig Drill Core 7
Slide 10: Joint Venture Agreement – Cuba
Joint Venture Agreement – Cuba Antilles Gold holds 49% shareholding in Cuban registered, Minera La Victoria SA (“MLV”), For personal use only which owns the La Demajagua mining concession. Concession transferred to MLV by Cuban Government owned mining company, GeoMinera SA, for 51% shareholding. Ant
Slide 11: La Demajagua Mine: Site Location
La Demajagua Mine Site Location For personal use only La Demajagua mineral deposit includes Delita gold mine on Isle of Youth, 60km SW of mainland Cuba. Mine site accessible from port city of Nueva Gerona by 40km paved highway. Connected to electricity grid and fibre optic cable. 900ha concession 4k
Slide 12: La Demajagua Mine: Delita History
La Demajagua Mine Delita History For personal use only Delita ore body discovered circa 1900. 150,000 t ore mined underground in two periods - 1947 to 1950 and 1980 to 1985. Both operations produced an arsenopyrite concentrate with grades ranging from 3oz/t Au to 6oz/t Au, but unable to market. Subs
Slide 13: Preliminary Economic Assessment
Preliminary Economic Assessment Antilles Gold has undertaken PEA for stage one open pit mine based on results of 50,000m of historic For personal use only drilling, previous metallurgical testwork by SGS Lakefield in Canada, and turnkey proposals for design and construction of crushing and flotation
Slide 14: Feasibility Studies
Feasibility Studies PRELIMINARY FEASIBILITY STUDY (“PFS”) DEFINITIVE FEASIBILITY STUDY (“DFS”) For personal use only MLV will conduct PFS for stage one open pit mine MLV will conduct DFS for open pit mine at a cost of by September 2021 after JORC Resources approximately US$3.5 million, and arrange e
Slide 15: Antilles Gold's Investment in Cuba
Antilles Gold’s Investment in Cuba • Free transfer abroad of loans, profits and For personal use only dividends guaranteed without taxes or fees • No assets may be expropriated without compensation in convertible currency, as determined by independent experts • Disputes submitted to arbitration for
Slide 16: Mining in Cuba
Mining in Cuba • Cuba has some of world’s largest deposits of nickel, cobalt, manganese and For personal use only chromium. • Regional exploration conducted across country for wide variety of minerals has identified substantial deposits of copper, gold, lead, and zinc. • Sherritt Gordon of Canada ha
Slide 17: Dominican Republic
Dominican Republic • Antilles Gold completed re-processing 5.0mt of refractory tailings at Las Lagunas in For personal use only December 2019 utilising Glencore’s Albion oxidation process. • The Company gained considerable experience and IP from operating the world’s first Albion/CIL process plant f
Slide 18: Albion/CIL Processing Plant
Albion/CIL Processing Plant • Antilles Gold considering forming joint venture with For personal use only regional concentrate producer, or international trader, to construct 100,000 tpa Albion/CIL plant at either La Demajagua or Las Lagunas. • Second generation design similar to Albion/CIL plant at
Slide 19: Directors
Directors Brian Johnson James Tyers Ugo Cario Angela Pankhurst For personal use only Executive Chairman Chief Executive Non-Executive Non-Executive Officer Director Director Mr Johnson is a graduate in civil Mr Tyers is a member of the AusIMM and Mr Cario has over 30 years’ of Ms Pankhurst has over
Slide 20: For personal use only
For personal use only
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