Gabriel Resources Ltd. · TSXV:GBU
Gabriel Resources — BMO Capital Markets 24th Global Metals & Mining Conference 2015
27 slides from Gabriel Resources's conference presentation, February 2015
Slide 1: The Rosia Montana Gold & Silver Project: A Project for Romania
The Rosia Montana Gold & Silver Project: A Project for Romania BMO Capital Markets 24th Global Metals & Mining Conference – February 2015
Slide 2: Cautionary Statements/Disclosure
Cautionary Statements/Disclosure CAUTIONARY NOTES The summary information contained in this presentation is provided by Gabriel Resources Limited ( “Company” or “Gabriel”) in respect of its interest in the Rosia Montana Gold and Silver Project (“Rosia Montana Project” or “Project”). The Project is o
Slide 3: Investment Highlights
Investment Highlights World class asset: One of the most significant gold deposits outside the ownership of a “major” mining company; • Measured & Indicated Resources – 17.1Moz Au and 81.1Moz Ag1 / Proven & Probable Reserves - 10.1Moz Au and 47.6Moz Ag2 Potential to be Europe’s largest gold mine Ros
Slide 4: Rosia Montana Project – Perspective
Rosia Montana Project – Perspective Rosia Montana Protected Area Jig Pit Carnic Waste Dump Carnic Pit Orlea Pit Cetate Pit LGS Plant Site Tailings Dam 4
Slide 5: Project Key Facts
Project Key Facts Open pit truck and shovel mining process – 1.2:1 waste:ore strip ratio Conventional CIL processing (closed circuit) – approximately 15Mtpa design 16 year operating mine life Old mining district; good infrastructure and access to educated mining talent Access to grid power supplied
Slide 6: 2012 NI 43-101 – Highlights
2012 NI 43-101 – Highlights Undertaken by SRK Consulting (UK) Limited; Mineral Resource updated using a cut off grade of updated from March 2009 NI43-101 0.4g/t; 2009 Resource was stated using 0.6g/t cut off Base case metal price assumptions: US$1,200/oz grade Au; US$20/oz Ag Annual Gold Production1
Slide 7: Project Economics
Project Economics Description Units 2012 2009 Gold price (US$/oz) 1,200 750 Silver price (US$/oz) 20 10.5 Life of Mine Cash cost (US$/oz) 399 335 Pre-production capital (US$m) 1,400 876 Sustaining capital (US$m) 571 366 Closure cost (US$m) 146 128 Undiscounted cashflow after tax (US$m) 3,606 1,662 N
Slide 8: Romania Rosia Montana
Romania Rosia Montana 2,000 years of mining history with significant Located in a highly prospective mining district gold, silver and copper produced Rosia Montana has been mined for 2,000 years In the 5 years leading to EU accession in 2007, and most recently by the state until 2006 in excess of 50
Slide 9: Recent Project progress
Recent Project progress August 2013 – the Government approved an agreement that included revised equity and royalty terms, 25% and 6% respectively to the State and draft legislation relating to the Project; a Special Draft Law that declared the Project of national public interest Q4 2013 – the Speci
Slide 10: Surface Rights Status
Surface Rights Status 60% of total To date RMGC has secured 757ha of surface land, amounting to 60% the total already surface area required for Project Project secured construction – this includes 78% of the Objective: number of homes in the Project footprint Secure 100% of the surface rights and ha
Slide 11: Rosia Montana Project Benefits: Summary
Rosia Montana Project Benefits: Summary Today The vision High unemployment / poverty rate >3,000 in direct jobs over the Project’s lifetime Economy Lack of opportunities for businesses Opportunities for local businesses Harsh macroeconomic conditions >$24 billion1 in total contribution to Romania’s
Slide 12: Summary
Summary Gabriel Resources, Romania and Rosia Montana Permitting Europe’s largest gold mine……… Bringing one of the world’s largest Local Romanian public support through undeveloped gold projects to production December 9, 2012 positive referendum Rosia Montana has the potential to vote - community sup
Slide 13: Annexes
ANNEXES 13
Slide 14: Rosia Montana Project – Resources and Reserves
Rosia Montana Project – Resources and Reserves1,2,3,4,5,6,7 Tonnes Au Ag Contained Au Contained Ag Resources (Mt) (g/t) (g/t) M oz M oz Measured 171.5 1.32 8 7.26 43.16 Indicated 341.2 0.90 3 9.89 37.96 Measured & Indicated 512.7 1.04 5 17.14 81.12 Inferred 44.8 0.98 3 1.42 4.10 Tonnes Au Ag Contain
Slide 15: Environmental – General
Environmental – General Gabriel / RMGC commitments: Integrate environmental standards in all activities; ensure high standards of employee training; Establish and maintain a management system to identify, monitor, control and improve the environmental performance of RMGC activities; Finance independ
Slide 16: Environmental – Rosia Montana
Environmental – Rosia Montana 16
Slide 17: Environmental – Rosia Montana
Environmental – Rosia Montana 17
Slide 18: Environmental – Rosia Montana
Environmental – Rosia Montana 18
Slide 19: Environmental – Rosia Montana
Environmental – Rosia Montana 19
Slide 20: Environmental – Rosia Montana
Environmental – Rosia Montana 20
Slide 21: Culture – Rosia Montana
Culture — Rosia Montana her ene : 7 — a ce
Slide 22: Culture – Rosia Montana
Culture – Rosia Montana 22
Slide 23: Patrimony
Patrimony Historically Romania had a strong mining industry Example of local RMGC community investment More than 2.6 million people (approx. 12% of the country’s in the former ‘Town Hall’ population) live in approximately 600 mining communities By 2006, the Romanian government closed 80% of the 650
Slide 24: Patrimony / Community
Patrimony / Community ‘Old School’: built in 1898 and used as Old School in Historical Centre Restoration Plan school until 2005 Currently owned by the Local Council Restoration / Conversion plan Design completed Restoration largely complete (now weatherproof) Historical Centre – initial status
Slide 25: Mining Museum
Mining Museum 25
Slide 26: Mining Museum
Mining Museum The First House Fully Restored The house is situated in the protected area of Rosia Montana’s historic centre The building is part of a group of 9 houses situated in the central square of Rosia Montana, all proposed to be organised in a mining museum complex 26
Slide 27: Recea Resettlement Community
Recea Resettlement Community 27
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