Slide 1: Acquisition of Santa Cruz Gold Projects
Acquisition of Santa Cruz Gold Projects Technical Presentation | DECEMBER 2018
Slide 2: Disclaimer
Disclaimer Purpose of this document This presentation has bee prepared by E2 Metals (“E2M”) for general information purposes only using the information available to E2M at the time of publication. No Reliance The information contained in the presentation is not investment, tax, accounting, legal or
Slide 3: Acquisition of Santa Cruz Gold Projects
Acquisition of Santa Cruz Gold Projects E2 to acquire an 80% interest in a portfolio of gold and silver projects in the World-Class Santa Cruz Province • 90,000 hectare holding in the Deseado Massif epithermal gold & silver province • In excess of 25 million gold equivalent ounces of total endowment
Slide 4: Rare Combination of Size and Grade
Company Makers: Rare Combination of Size and Grade Santa Cruz Gold Projects – Current & Historical Reserves 12 Host to world-class deposits 3.7 • Cerro Vanguardia (AngloGold) 10 8.9Moz Au, 137Moz Ag1 Gold Equivalent Ounces (million) 10 Grade AuEq 8 • Cerro Negro (Goldcorp) Producing 490k per annum2
Slide 5: Key Developments
Key Developments Dynamic mining hot spot, home to many senior producers Cap discovery • Goldcorp growing production and resources at Cerro Negro, new discovery at Silica Cap6 • Yamana poured first gold at Cerro Moro (May 2018) and is targeting 1Moz of additional reserves from exploration7 • Active d
Slide 6: Sierra Morena Project
Sierra Morena Project ASX: E2M www.e2metals.com.au
Slide 7: Sierra Morena Epithermal Vein Field
Sierra Morena Epithermal Vein Field VEIN OUTCROP Adjacent to existing operations • Patagonia Gold’s Cap Oeste heap leach mine • Pan American Silvers’ COSE development project Priority drill targets • Several kilometres of untested veins • Permitting for a 2500m drill program underway • Drilling plan
Slide 8: SM6 Prospect – Multiple High Priority Drill Targets
SM6 Prospect – Multiple High Priority Drill Targets Eastern & Western Vein Rock Samples SM6 PROSPECT (n=38) Alteration & structure AuEq Ag (gpt) Au (gpt) • Major west-northwest structural 40.16 1180 23.3 corridor and step-over 28.59 1025 13.95 Acid Sulphate Cap Prospect 15.09 241 11.65 • Widespread
Slide 9: Historical Drilling – Western & Eastern Veins
Historical Drilling – Western & Eastern Veins SAN JOSE – KOSPI VEIN SM6 PROSPECT – EASTERN VEIN KOSPI MIN. INTERCEPTS 100m Limited historical drilling, 0.5m @ 1.6 gpt Au, 12 gpt Ag one key intersection with increasing at depth Au + Ag 0.8m @ 0.2 gpt Au, 29 gpt Ag no follow up 0.8m @ 16 gpt Au, 29 gp
Slide 10: SM6 – Acid Sulphate Cap Prospect
SM6 – Acid Sulphate Cap Prospect SM6 – ACID SULPHATE CAP PROSPECT Targeting blind ore shoots beneath large alteration cap • Prominent 500m long zone of ‘acid sulphate’ alunite-kaolinite alteration • Typical of the ‘barren’ upper parts of epithermal vein systems • Numerous global examples of similar
Slide 11: Corona Project
Corona Project ASX: E2M www.e2metals.com.au
Slide 12: Corona – Similarities to Nearby Cerro Negro?
Corona – Similarities to Nearby Cerro Negro? CORONA NORTE - SINTER Located within the Rio Pinturas Fault Zone, host to Cerro Negro & San Jose Mines • Large area locked up for the past ten years, veins with no prior drilling CORONA SUR – VEINS & ALTERATION • Thirty kilometres south of Cerro Negro and
Slide 13: Corona Norte Sinter Target
Corona Norte Sinter Target ASTER KAOLINITE Corona Norte Sinter target prioritised due ANOMALY to similarities to nearby Cerro Negro • Large alteration system in northwest structure and Chon Aike volcanics CORONA NORTE SINTER • Prominent laminated sinter outcrop with high arsenic, antimony and mercur
Slide 14: Target Model – Comparisons to Cerro Negro
Target Model – Comparisons to Cerro Negro At Cerro Negro all multi-million ounce vein resources occur adjacent to sinter deposits Preservation of the barren upper parts of the epithermal system San Marcos +2.5Moz Mariana Norte AuEq Mariana Central EMILIA SINTER Eureka West +1.5Moz AuEq BAJO NEGRO SI
Slide 15: Proof of Concept - Geophysics Confirms Blind Target
Proof of Concept - Geophysics Confirms Blind Target LINE 2 CORONA NORTE – RTP MAGENTICS IMAGE Interpreted Faults SINTER OUTCROP SINTER OUTCROP IP geophysics defines a broad chargeability zone (Target 1) and the prospective feeder structure to the Corona Norte Sinter (Target 2) 100m ASX: E2M www.e2me
Slide 16: Conserrat Project
Conserrat Project ASX: E2M www.e2metals.com.au
Slide 17: Conserrat – Continuation of World-Class Vein Field
Conserrat – Continuation of World-Class Vein Field SILICA RIBS – EMILIA PROSPECT Conserrat Project First mover opportunity in 8696Ha mature mining district • Held by IAMGOLD in the early VETA BLANCA AngloGold Ashanti 2000s, no history of systematic EMILIA Cerro Vanguardia Operation exploration 8.9Mo
Slide 18: Outcropping Gold & Silver Veins at Veta Blanca
Outcropping Gold & Silver Veins at Veta Blanca Geophysics planned to define depth and strike extent of subcropping gold silver veins VETA BLANCA LONGSECTION VETA BLANCA OUTCROP 1.99 gpt Au / 409 gpt Ag More vein outcrop 1.7 gpt Au / 663 gpt Ag up to 0.48 gpt AuEq 0.35 gpt Au / 263 gpt Ag 1.9 gpt Au
Slide 19: Pipeline Projects
Pipeline Projects Deep exploration pipeline • Multiple early stage projects in both Santa Cruz and Rio Negro with near term targets Momentum building at Angostura • Multiple targets defined from recent ground magnetics and IP geophysical survey • Follow up planned for 2019 Highly prospective landhol
Slide 20: Angostura Project – Regional Overview
Angostura Project – Regional Overview Angostura Project Targeting the continuation of Circum Pacific the Pinguino and Sierra 8km trend of ribs and veins, priority Blanca vein system under Pinguino Project geophysical target Austral Gold shallow cover 115km of silver- gold veins. • Located on the El
Slide 21: Priority Target: 1800m Long Chargeability Trend
Priority Target: 1800m Long Chargeability Trend INDUCED POLARISATION SECTIONS - CHARGEABILITY LINE 8 Shallow Magnetic Bodies Cretaceous Sediments Jurassic Andesites? Priority Target Cretaceous Sediments LINE 7 Priority Target 1.8KM CHARGEABILITY TREND Cretaceous Sediments Chargeability Model Magneti
Slide 22: Summary of Commercial Terms
Summary of Commercial Terms ASX: E2M www.e2metals.com.au
Slide 23: Commercial Terms
Commercial Terms Finalisation of the Transaction will be subject to the execution of a detailed Share Purchase and Joint Venture Agreement (Acquisition Agreement). 2019 The Transaction is conditional on, amongst other things, the Company obtaining shareholder approval pursuant to ASX Listing Rule 7.
Slide 24: Indicative 12 Month Work Program
Indicative 12 Month Work Program 2019 Q1 Q2 Q3 Q4 SIERRA MORENA SM6 PERMITTING SM6 PHASE 1 DRILLING SM6 RESULTS • Approvals for drilling • Prospect drill testing (2500m) • Drill Results CONSERRAT VETA BLANCA TARGETING VETA BLANCA DRILL PLANNING & VETA BLANCA PHASE 1 DRILLING • Detailed ground geophy
Slide 25: Board & Management
Board & Management 2019 Todd Williams Mr Williams is the founder and principal of Circum Pacific, a private Australia-based prospect generator focused on Argentina MANAGING DIRECTOR and Colombia. Todd brings significant technical and commercial experience in operating in South America and has been r
Slide 26: E2 Metals Limited
E2 Metals Limited ABN: 34 116 865 546 ASX Code: E2M Level 4, 100 Albert Road South Melbourne VIC 3205 E: info@e2metals.com.au