Antilles Gold Ltd · ASX:AAU
Antilles Gold — Investor Presentation (June 2022)
33 slides from Antilles Gold's investor presentation, Jun 8, 2022
Slide 1: Updated Investor Presentation
8 June 2022 UPDATED INVESTOR PRESENTATION For personal use only Antilles Gold Limited (ASX Code: AAU, OTCQB Code: ANTMF) (“Antilles Gold” or the “Company”) is pleased to lodge the attached Investor Presentation which updates progress on the Company’s activities, and its growth potential in Cuba. The
Slide 2: A first mover in a new mining frontier - Cuba
ASX: AAU OTCQB: ANTMF For personal use only “A first mover in a new mining frontier - Cuba” GOLD . COPPER . ZINC 8 June 2022 INVESTOR PRESENTATION
Slide 3: Forward-Looking Statement Disclaimer
Forward-Looking Statement DISCLAIMER Some of the statements contained in this Presentation are forward-looking statements, The Information contained in this Presentation is provided on the terms and conditions set For personal use only such as statements that describe Antilles Gold Limited’s (“AAU”)
Slide 4: Antilles Gold – A First Mover in Cuba's Emerging Mining Sector
Antilles Gold – A First Mover in Cuba’s Emerging Mining Sector For personal use only • Cuba hosts numerous gold, copper, zinc, and nickel deposits that have been extensively explored by Russian, Canadian, and Cuban mining companies, but where development opportunities have been substantially overloo
Slide 5: Current Development Projects in Cuba
Current Development Projects in Cuba For personal use only • The La Demajagua open pit gold-silver mine on the Isle of Youth in south west Cuba to be commissioned in mid 2024 with estimated annual production of 100,000oz Au equivalent in a sulphide concentrate, for six years. • An open pit mine to b
Slide 6: Current Exploration Projects in Cuba
Current Exploration Projects in Cuba For personal use only Exploration is focussed on two significant, previously explored Concessions where mines are expected to be developed to produce gold, copper, and zinc concentrates • A very large, outcropping, copper-gold porphyry system at El Pilar in centr
Slide 7: Structures
Structures JOINT VENTURE MINING COMPANY, MINERA LA VICTORIA SA (“MLV”) For personal use only • GeoMinera transferred La Demajagua mining concession with approximately 2 million oz Au equivalent sulphide deposit to MLV for issue of US$13.5 million of shares (51%). • Antilles Gold contributing US$13.0
Slide 8: Why Antilles Gold is Comfortable Operating in Cuba
Why Antilles Gold is Comfortable Operating in Cuba • Joint Venture with GeoMinera, Fast Tracks Project Permitting • Protective Laws for Foreign Investment and Minority Shareholding For personal use only • Realistic Mining & Environmental Regulations • Equal Board Representation on Joint Venture Comp
Slide 9: Uniquely positioned to participate in Cuban mineral development
Antilles Gold is uniquely positioned to participate in the development of gold, copper, and zinc projects in mineral rich Cuba. For personal use only La Demajagua Development of open pit mine commencing Q1 2023 commissioning Q2 2024 New Horizons La Demajagua mine Concession Isle of Youth 100,000 oz
Slide 10: Experienced Directors
Experienced Directors Brian Johnson James Tyers Ugo Cario Angela Pankhurst For personal use only Executive Chairman Executive Director Non-Executive Non-Executive Operations 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 P
Slide 11: Experienced Senior Management
Experienced Senior Management Dr Jinxing Ji Steve Mertens Dr Chris Grainger Michael Wokner Technical Director Mining Director Exploration Director Construction Manager Cuba For personal use only Vancouver Cuba Cuba Dr Ji highly knowledgeable metallurgist with 6 Mr Mertens is a mining engineer with 2
Slide 12: La Demajagua Project
La Demajagua Project The La Demajagua project is in the final stage of pre- For personal use only development activities with the Definitive Feasibility Study (“DFS”) and permitting for the first stage open pit mine expected to be completed in November 2022, to allow construction commencement in Q1
Slide 13: La Demajagua JORC Resources
La Demajagua JORC Resources Initial JORC Resources for La Demajagua Open Pit Mine For personal use only The Initial Mineral Resource Estimate for the proposed open pit mine was calculated by Western Australian mining engineers, Cube Consulting, from selected data from 50,000m of historic drilling, a
Slide 14: La Demajagua Deposit Exploration Target Range
La Demajagua Deposit Exploration Target Range Exploration Target Range For personal use only In November 2021, Cube Consulting estimated the Exploration Target Range for the La Demajagua gold/silver deposit at a 1.0g/t Au cut-off grade based on data from 50,000m of historic drilling – advised to ASX
Slide 15: La Demajagua Metallurgical Testwork
La Demajagua Metallurgical Testwork Based on the Resource definition, preliminary pit shell, • Feed to the flotation plant is expected to be:. For personal use only materials scheduling, and results of metallurgical test work to date: - 140,000 tpa of oxide/transitional ore with grades of approximat
Slide 16: La Demajagua Open Pit Mine – Scoping Study
La Demajagua Open Pit Mine – Scoping Study Results of a Scoping Study (“PEA”) for the proposed • The results demonstrate excellent potential returns For personal use only first stage open pit mine at La Demajagua were on Antilles Gold’s A$18 million (US$13 million) equity advised to the ASX on 24 Fe
Slide 17: Financial Results from La Demajagua Scoping Study
Financial Results from La Demajagua Scoping Study Antilles Gold’s Equity Contribution A$18.0 million LoM Sales Revenue US$700.5 million to Project (A$1.00 = US$0.72) For personal use only (@ US$1,650/oz Au, US$22/oz Ag after processing costs, and discount to buyer) Antilles Gold’s Share of LoM Cash
Slide 18: La Demajagua Underground Mine
La Demajagua Underground Mine • The drilling program necessary to establish JORC • Based on historic drilling data, the For personal use only Resources for the underground operation which is underground mining rate is expected to be planned to follow the open pit mining will be around 650,000 tpa an
Slide 19: Strategy for Joint Venture Mining Company
Strategy for Joint Venture Mining Company • Commissioning of La Demajagua open pit mine in Q2 2024 to produce gold-silver sulphide concentrate. For personal use only • Commissioning of open pit mine at El Pilar to produce gold and copper oxide concentrates in Q2 2025. • Utilization of part of profit
Slide 20: Why Invest In Antilles Gold?
Why Invest In Antilles Gold? • Antilles Gold has the opportunity to participate through its joint venture with Government owned mining company, GeoMinera, in the successive development of several mines in Cuba to produce For personal use only gold, silver, copper, and zinc concentrates. • Experience
Slide 21: Company Information
Company Information Bankers: National Australia Bank - Australia Shares on Issue 353,404,961 For personal use only CIBC - Canada Number of Shareholders 1,373 Lawyers: Corrs Chambers Westgarth - Australia Osler Hosking & Harcourt - Canada Top 20 Shareholders (%) 45.88% Share Price Chart Share Price 6
Slide 22: Top Shareholders June 2022
Top 20 Shareholders 6 June 2022 Holder Name Holding % Holder Name Holding % For personal use only *Moonstar Investments Pty Ltd <The 52,210,000 14.79 Citicorp Nominees Pty Ltd 5,348,664 1.52 Pemberley a/c> Jabba’s Pty Ltd 3,268,000 0.93 * Hawthorne Pty Ltd <BGJ Super Fund a/c> 25,000,000 7.08 Grosve
Slide 23: Appendix – Geology
Appendix – Geology For personal use only • El Pilar copper-gold porphyry system El Pilar Gaspar San Nicholas • New Horizons VMS polymetallic mineral belt Antonio San Fernando Santa Rosa Los Cerros
Slide 24: El Pilar Copper-Gold Porphyry System
El Pilar Copper-Gold Porphyry System Antilles Gold’s Exploration Director has reported the following with respect to the El Pilar Project: For personal use only • The group of three copper-gold porphyry deposits (El Pilar, Gaspar, and San Nicholas) within the 17,800ha concession were originally disc
Slide 25: El Pilar Copper-Gold Porphyry System continued
El Pilar Copper-Gold Porphyry System continued • All porphyry systems in tropical environments are leached at surface due to the large amount of pyrite that For personal use only oxidizes and leaches metals downwards in the oxidized saprolite, to the fresh rock. • The interpreted porphyry systems ar
Slide 26: El Pilar Deposits Geology and Mineralisation
El Pilar Deposits Geology and Mineralisation • The El Pilar and San Nicholas prospects are located 4 km apart For personal use only in volcaniclastic rocks that are intruded by two individual porphyry clusters. • El Pilar, Gaspar and San Nicholas are individual porphyry centres and indicate the pote
Slide 27: El Pilar/Gaspar Aeromagnetic Survey
El Pilar/Gaspar Aeromagnetic Survey For personal use only A4
Slide 28: Drilling at El Pilar Indicating Oxide Gold-Copper Potential
Drilling at El Pilar Indicating the Previously Overlooked Oxide Gold-Copper Potential For personal use only • Shallow drilling (~60m) at El Pilar has shown oxide mineralization of both gold and copper • The copper mineralization has been leached and is located below the gold zone and represents a cl
Slide 29: Surface Mineralisation of the El Pilar Deposit
Surface Mineralisation of the El Pilar Deposit Strong phyllic alteration and porphyry D-veins overprinting a copper-gold porphyry system at surface. For personal use only A6
Slide 30: New Horizons Polymetallic Mineral Belt
New Horizons Polymetallic Mineral Belt The New Horizons Project encompasses two mining A Canadian N1 43-101 Technical Report on the Project For personal use only concessions totaling 31,700ha which cover an entire prepared by Toronto based consultants, Roscoe Postle 40km long VMS style polymetallic
Slide 31: New Horizons Polymetallic Mineral Field
New Horizons Polymetallic Mineral Field New Horizons Project For personal use only Geology Map A8
Slide 32: Antonio Deposit
Antonio Deposit Antonio Polymetallic Deposit Geology Map The initial focus will be on the Antonio deposit which For personal use only is similar to classic Abitibi type VMS mineralisation in Eastern Canada. • An estimated 50,000 tonnes of ore were extracted from the Antonio open pit in the late 1950
Slide 33: Thank You
For personal use only THANK YOU