Antilles Gold Ltd · ASX:AAU
Antilles Gold — Investor Presentation (August 2021)
23 slides from Antilles Gold's investor presentation, Aug 23, 2021
Slide 1: Antilles Gold Limited Investor Presentation
23 August 2021 ANTILLES GOLD LIMITED For personal use only INVESTOR PRESENTATION Antilles Gold Limited (ASX Code: AAU, OTCQB: ANTMF) (the “Company” or “Antilles Gold”) is pleased to release a revised Investor Presentation dated 20 August 2021 which reflects the pipeline of opportunities to develop p
Slide 2: About Antilles Gold Limited
ABOUT ANTILLES GOLD LIMITED: Antilles Gold is focussed on organic growth through the development of gold projects in mineral rich Cuba. The Company is at the forefront of the emerging gold mining sector in Cuba and intends to participate in the potential development of two mines through a 49:51 join
Slide 3: Investor Presentation 20 August 2021
For personal use only INVESTOR PRESENTATION ASX CODE: AAU 20 August 2021 OTCQB: ANTMF
Slide 4: Forward-Looking Statement
Forward-Looking Statement Som e of the statem ents contained in this p resentation are forw ard -looking statem ents, such as statem ents that d escrib e Antilles G old Lim ited ’s (“AAU ”) future p lans, intentions, ob jectives or g oals, and For personal use only sp ecifically includ e b ut are no
Slide 5: Growth Potential
Growth Potential Antilles Gold is focussed on growth through participation in the potential development of a series of mid-size gold mines in Cuba in a joint venture with the Government’s mining company, GeoMinera SA. For personal use only Golden Hills The Joint Venture’s first development will be t
Slide 6: Company Overview
Company Overview Cuba hosts a significant number of gold and copper deposits that have been extensively explored by Canadian, Russian, and Cuban mining companies, but where development opportunities have ben overlooked for over twenty years. For personal use only Over the past six years, Antilles Go
Slide 7: Investment In Cuba
Investment In Cuba The Cuban Parliament adopted Law 118 for Foreign Investment in March 2014 which provides basic investment protection and other general rules relevant to foreign investors. Features which will apply to For personal use only the Joint Venture with GeoMinera include; • Equal numbers
Slide 8: La Demajagua Open Pit Mine
La Demajagua Open Pit Mine • A Definitive Feasibility Study (“DFS”) for the development of an open pit mine at the La Demajagua For personal use only gold / silver deposit, which incorporates the old workings of the Delita underground mine, is expected to be completed by September 2022, with mine co
Slide 9: La Demajagua Open Pit Mine
La Demajagua Open Pit Mine Concentrate grades are expected to be approximately 47 g/t For personal use only Au, 380 g/t Ag, 18% As, and 16% S. The concentrate will probably be sold to smelters in far-east Russia, and possibly to an international metals trader, at an anticipated operating margin of a
Slide 10: La Demajagua Open Pit Mine
La Demajagua Open Pit Mine • The capital cost for the La Demajagua open pit mine in addition to US$13 million of equity being contributed by For personal use only Antilles Gold is estimated to be US$63 million including pre-stripping costs, and interest during construction • This amount is expected
Slide 11: Florencia & Maclama Open Pit Mines
Florencia & Maclama Open Pit Mines • The Florencia and Maclama gold deposits near Guaimaro, 100km south east of the Provincial capital of Camaguey, are low sulphide, near surface deposits which have been explored by Russian companies, and MacDonald Mines For personal use only from Canada • Geologica
Slide 12: Concentrate Processing Facility
Concentrate Processing Facility • MLV intends to review the technical and commercial viability of For personal use only constructing a plant, at either La Demajagua, or on the Cuban mainland, to process refractory concentrate sourced from the Joint Venture’s mines, and potentially from other regiona
Slide 13: Golden Hills Open Pit Mine
Golden Hills Open Pit Mine • The Golden Hills sulphide deposit was explored by MacDonald Mines between 1994 and 1998 when they For personal use only conducted ground and airborne geophysical surveys, mapping, geochemical surveys, trenching, and 199 cored drill holes to an average depth of 80m (50 m
Slide 14: Mined oxide deposits at Golden Hills underlaid by sulphide deposit
For personal use only Mined oxide deposits at Golden Hills underlaid by an outcropping interconnected sulphide deposit 11
Slide 15: Golden Hills Consulting Geologist's Report
Golden Hills Consulting Geologist’s Report Geology For personal use only “The Golden Hills Au-Cu deposits are hosted in Cretaceous volcaniclastic rocks, that dip moderately west- northwest. These rocks outline a lens shaped body 7.0km long and about 2.0km in true thickness that is interpreted to be
Slide 16: Golden Hills Consulting Geologist's Report
Golden Hills Consulting Geologist’s Report The Golden Hills Au-Cu deposits have been classified as high-sulphidication type deposits. The style and distribution of the For personal use only mineralization and alteration has many similarities to high-sulphidication gold systems around the world inclu
Slide 17: La Demajagua Underground Mine
La Demajagua Underground Mine • Antilles Gold will undertake a DFS in 2027 for the planned underground operation to follow the open pit mining. For personal use only • The Company will provide US$6.0 million to undertake the DFS including the drilling necessary for mine planning and resource calcula
Slide 18: 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 19: Managers
Managers Dr Jinxing Ji Steve Mertens Tracey Aitkin Megan McPherson Technical Director General Manager, Chief Financial Officer Company Secretary Cuba For personal use only Dr Ji highly knowledgeable metallurgist with 6 Mr Mertens is a mining engineer with 20 years’ Ms Aitkin is a professional member
Slide 20: Company Information
Company Information Shares on Issue 252.39M Options on Issue 32.25M (exercise price of $0.13, expiring 30 April 2023) For personal use only Share Price 20 August 2021 7.7 cents Option Price 20 August 2021 2.2 cents 30-day VWAP 20 August 2021 8.0 cents Market Capitalisation 20 August 2021 $19.4 milli
Slide 21: In Summary
In Summary • Antilles Gold has the opportunity to participate through a joint venture with Government owned mining company, GeoMinera, in the potential successive development of several mid-size gold mines in Cuba to produce high grade concentrate. For personal use only • The Company has experienced
Slide 22: Annex – Exploration Target
Annex 1 – Exploration Target Cube Consulting’s estimate of the Exploration Target for the La Demajagua ore body above 1.0g/t Au cut-off grade based on data from 50,000m of previous drilling as For personal use only reported to ASX 10 November 2020: Excellent drilling results from the current program
Slide 23: Antilles Gold
ANTILLES GOLD tumirep