Eloro Resources Ltd. · TSX:ELO
Eloro Resources — Investor Presentation (January 2022)
40 slides from Eloro Resources's investor presentation, January 2022
Slide 1: Iska Iska Silver-Tin Polymetallic Project, Bolivia
TSXV ELO | FSE P2Q | OTCQX ELRRF ISKA ISKA SILVER-TIN POLYMETALLIC PROJECT, BOLIVIA Corporate Presentation January 2022
Slide 2: Forward Looking Statements
Forward Looking Statements Certain information contained herein regarding Eloro Resources Ltd., including management’s assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks, including but not limited to risk
Slide 3: About Eloro
About Eloro Eloro is a publicly traded exploration and Raised over CDN$30 million in mine development company focused on Q1 2021, through a bought deal developing its potential world-class financing with Haywood Securities Iska Iska silver-tin polymetallic property Inc., Cantor Fitzgerald Canada in
Slide 4: Major Discovery at Iska Iska
Major Discovery at Iska Iska In January 2021 announced a major discovery in the Santa Barbara Breccia Pipe with first drill results including 129.60g Ag eq/t over 257.5m Three Drill Rigs on site with daily production up to 250 to 300 m to further accelerate the planned 51,000m diamond drilling progr
Slide 5: Capital Structure
Capital Structure TSX- V: ELO Shares Issued and Outstanding 62.86M (Jan 12, 2022) Frankfurt: P2Q (WKN A1JKAT) OTCQX: ELRRF Warrants ($0.50 to $5.25 on exercise) 7.60M Options ($0.40 to $4.45 on exercise) 4.29M Fully Diluted 74.76 M Share Price (Jan 12, 2022) CDN $3.61 Market Share Capitalization (Ja
Slide 6: Experienced Team
Experienced Team Management Team Board of Directors Technical Advisors THOMAS LARSEN B.A. THOMAS LARSEN B.A. QUINTON HENNIGH Chairman and CEO Chairman and CEO Ph.D.,P.Geo.Geology/Geochemistry MILES NAGAMATSU C.P.A., C.A. FRANCIS SAUVE Geologic and Technical Advisor to Crescat Chief Financial Officer
Slide 7: About Bolivia
About Bolivia Modern mining laws and a supportive political environment • Mining minister Ramiro Villavicencio has a technical history in mining having worked for Sumitomo • 0% VAT on mining/industrial equipment • Recent Administrative Mining Contracts granted under new government • National Lithium
Slide 8: Major Opportunity in Bolivia
Major Opportunity in Bolivia Rich history of mining and prospectivity is excellent. Limited exploration in the early 2000’s has now provided the opportunity to find Tier 1 assets Economic Commission for Latin America and the Caribbean (ECLAC) forecasting +5%YoY growth for the country, the second hig
Slide 9: Silver: A Key Decarbonization Metal
Silver: A Key Decarbonization Metal CUMULATIVE DEMAND RANGES FOR SILVER – SOLAR PV Silver is the Element of Change TECHNOLOGY THROUGH 2050 Highest electrical and thermal conductivity of all the metals 30% of silver supply is used in electrical applications • 10% of current silver supply is used in P
Slide 10: Tin: Technology Driven
Tin: Technology Driven Demand TIN CONSUMED IN SEMICONDUCTORS, YoY* GROWTH • Approximately 350,000 tonnes per annum • 50% of which is solder used in electronics, historically +5% YoY growth • Significant demand increase from semiconductors and photovoltaics • Estimated 208GW of PV capacity added per
Slide 11: History of the Iska Iska Mining District
History of the Iska Iska Mining District Exploitation of Iska Iska mining district dates back to Spanish Colonial period, when silver and gold veins Eloro starts first drilling ever done on were mined on a small scale. property September 13, 2020 Mid 1960’s an intrusion-related tin deposit, 2.5 km 2
Slide 12: Definitive Option Agreement
Definitive Option Agreement Definitive Option Agreement signed January 6, 2020 Fully permitted for exploration drill program. Road accessible No fixed expenditure requirement No royalties on property Eloro issued the Title Holder 250,000 common shares in February 2020, and as per the Definitive Opti
Slide 13: Mineral Deposits: Bolivia, a Prolific Mining Country
Mineral Deposits: Bolivia, a Prolific Mining Country Iska Iska is in the SW part of the Eastern Cordillera which hosts a number of world-class deposits of gold, silver, iron ore, zinc, tin, lead and lithium Dr. Osvaldo Arce, P.Geo., President of Bolivian Geological Society (2010-2017), a highly reco
Slide 14: Cerro Rico De Potosí
Cerro Rico De Potosí Silver from the mines of Potosí, still a by-word After 500 years of metal extraction, this deposit still in Spanish for incalculable wealth, supercharged contains a world-class silver and tin reserve Europe’s economy in the early modern era > 500 million tonnes grading ~ 100 g/t
Slide 15: Porvenir Concession
Porvenir Concession Bolivia Sur Chichas Province, Potosí The Iska Iska Porvenir Concession is a road accessible, royalty-free property, (wholly-owned by the Title Holder) Located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosí Covers an area of 900 Ha. (9 km2) Clo
Slide 16: View of Main Area of Iska Iska
View of Main Area of Iska Iska View of the Topography of the Iska Iska Main Area Looking North Underground workings at Huayra Kasa provided excellent access for initial underground drilling. Current drilling is being done with two surface rigs and one high-capacity underground drill View of Iska Isk
Slide 17: Property Geology and Mineralization
Property Geology and Mineralization Iska Iska is a major silver-tin polymetallic porphyry-epithermal complex associated with a Miocene possibly collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias Caldera is 1.6km by 1.8km in
Slide 18: Ground Magnetic Survey
Ground Magnetic Survey 181.5 linekm of magnetic data collected on 50m spaced north-south lines on all accessible parts of the property Magnetic data confirms the extent of the Iska Iska Caldera as determined from geological mapping and satellite interpretation Santa Barbara and Central Breccia Pipes
Slide 19: Rapid Pace of Discovery at Iska Iska
Rapid Pace of Discovery at Iska Iska January 26 Discovery High Grade 257.5m @ 129.6g Ag eq/t Santa Barbara Breccia Pipe November 24 5,578m Discovery Santa Barbara Breccia Pipe November 18 Discovery Huayra Kasa Breccia Pipe December 17 2,898m Resource definition in progress on target block 1,400m alo
Slide 20: Longitudinal Section – Modelled Magnetic Inversion
Longitudinal Section – Modelled Magnetic Inversion Ag-Zn-Pb-Sn Sn-Ag Ag-Au-Cu-Sn Sn-(W) 18
Slide 21: Magnetic Inversion Model Showing Location of Drill Hole DPC-01
Magnetic Inversion Model Showing Location of Drill Hole DPC-01 Note how Hole DPC-01 just clips the 3D inversion model shown where the drill hole trace is red. Intersections in DPC-01: 110-168 g Ag eq/t over 1.5 – 3.0m 19
Slide 22: Cross Section Looking North of Magnetic Inversion Model – Porco Target
Cross Section Looking North of Magnetic Inversion Model – Porco Target Location of Drill Hole DPC-01. The Magnetic High to the Northwest of the Hole is a Priority Target for Drill Testing Channel Sampling Porco adit 200m south of radial drill collar - 103m grading 521 g Porco Ag eq/t including 117 g
Slide 23: Geological Plan Map Iska Iska
Geological Plan Map Iska Iska Potential size of Santa Barbara Breccia Pipe and surrounding mineralized envelope now expanded by drilling to 1,400m along strike, 500m wide and extending to a depth of up to 600m Spectacular continuous channel sampling results from Santa Barbara adit of 442 g Ag eq/t o
Slide 24: North South Cross Section Santa Barbara
North South Cross Section Santa Barbara Widespread polymetallic mineralization occurs in all major rocks types but is highest grade in the breccia pipe and dacitic dome intruded by the pipe. Mineralized zone has a general north- northwest trend similar to regional structures in the area and is open
Slide 25: Major Potential in Central Breccia
Major Potential in Central Breccia CROSS SECTION DCN-01 intersected multiple mineralized intercepts including 196.09 g Ag eq/t (150.25 g Ag/t, 0.10% Sn and 0.05 g Au/t) over 56.2m and containing 342.98 g Ag eq/t (274.0 g Ag/t, 0.16% Sn and 0.16 g Au/t) over 27.53m DCN-01 from approx. 263 m to 267 m
Slide 26: Potosí-like Metal Contents and Environment
Potosí-like Metal Contents and Environment A whole suite of metals including Ag, Sn, Au, Zn, Pb, Cu, In and Bi are present, exactly the sort of assemblage one would like to see in a prolific “Potosí-type” deposit. Iska Iska is a massive porphyry-epithermal system hosted mainly in large magmatic-hydr
Slide 27: Conceptual Deposit Model
Conceptual Deposit Model Iska Iska, especially Santa Barbara Breccia Pipe, is at a comparable stratigraphic level to Cerro Rico de Potosí Central Breccia formed deeper with mineralization similar to Chorolque Huayra Kasa is the highest-level breccia pipe at Iska Iska High grade Au-Bi zone in Huayra
Slide 28: Conceptual Deposit Model Iska Iska
Conceptual Deposit Model Iska Iska PORPHYRY-EPITHERMAL COMPLEX 28
Slide 29: Large Land Position
Large Land Position Nine additional properties (known as mining areas under Bolivian law), covering a total of 311.75 km, acquired in October 2020 in Iska Iska area Properties are located on property Aster anomalies with a similar hydrothermal alteration signature to that of Iska Iska Targets on the
Slide 30: Environmental and Social Governance
Environmental and Social Governance A historical mining region that Eloro Resources Committed to a strong ESG program is committed to supporting Environmental study and community • Supplies to the community during COVID-19 consultations currently underway • Sponsorship of school and sports Committed
Slide 31: Committed to Bolivian and Local Work Force
Committed to Bolivian and Local Work Force Full time on-site team is 100% Bolivian Actively training recent graduate geologists and technical staff through our intern program Staff has expanded considerably since start of program in September 2020. Currently there are 14 geologists with 20 support s
Slide 32: Environmental and Social Governance Goals
Environmental and Social Governance Goals Establish policies on social collaboration: health, sports, education, environment, and recreational activities. Promote activities for the community’s social and cultural welfare. Facilitate practices that contribute to the community’s progress and improve
Slide 33: Next Steps
Next Steps Aggressive Exploration Program including 51,000m Diamond Drilling in Progress! Drilling now focused on outlining an Target zone at Santa Barbara Preliminary metallurgical inaugural NI 43-101 compliant mineral is 1,400m along strike, 500m tests and petrographic resource in the Santa Barbar
Slide 34: Conclusion
Conclusion Eloro has the option to earn a 99% interest in the Iska Iska property located in Bolivia’s prolific South Mineral Belt which includes world- class deposits such as: Cerro Rico de Potosí, San Vicente, Chorolque and Tatasi Bolivia is now actively seeking foreign investment to develop its mi
Slide 35: Appendix
APPENDIX 35
Slide 36: Recent News
Recent News • 160.22 g Ag eq/t (36.53 g Ag/t, 1.63% Zn, 1.20% Pb and 0.10% Sn) over 194.14m from 168.85m to 362.99m in hole DHK-21, drilled from the west end of the Huayra Kasa underground workings at -70 degrees on section with discovery hole DHK-15, which intersected 129.60 g Ag eq/t over 257.5m (
Slide 37: Silver Equivalent Intercepts 2021
SILVER EQUIVALENT INTERCEPTS 2021 37
Slide 38: Mineral Resources of Main Mines Operating/Exploring in Bolivia
Mineral Resources of Main Mines Operating/ Exploring in Bolivia Mineral Regional Mine / Deposit Main Geology Resource / Company Geostructural Stage Project Type Commodities and Mineralization Reserves and Unit Grades Epithermal 4 km diameter caldera filled with volcaniclastic rocks and intruded by a
Slide 39: Summary of Targets, New Properties Iska Iska Area
Summary of Targets, New Properties Iska Iska Area No. Name Sq. Km Geological Description Target SE part of the Early Miocene resurgent Kari Kari caldera. It is filled with welded ignimbrites and ash flows from 8-5 Ma. Comprises a 1 Puna 22 Complex fault system of N-S, NNE-SSW and E-W directions that
Slide 40: Canada Bolivia
TSXV ELO | FSE P2Q | OTCQX ELRRF CANADA BOLIVIA Thomas Larsen Dr. Osvaldo Arce Ph.D., P.Geo. CEO General Manager, Jimena Moran Minera Tupiza S.R.L. Executive Assistant – Bilingual Tel: +59 171 591-004 Toll Free: 1 800 360-8006 Tel: 1 416 868-9168 20 Adelaide Street East, Suite 200 Toronto, Ontario,
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