Goldmining Inc. · TSX:GOLD
Goldmining — Investor Presentation (February 2019)
33 slides from Goldmining's investor presentation, February 2019
Slide 1: Corporate Presentation February 2019
GOLD:TSX | GLDLF:OTCQX GoldMining.com Corporate Presentation February 2019
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its business and future events including statements regarding GoldMining’s growth strategy and exploration plans. Forward-looking
Slide 3: GoldMining: Consolidating Gold Resource in the Americas
GoldMining Consolidating Gold Resource in the Americas 9.5 Moz Multi-million ounce gold resource M&I RESOURCE • Portfolio of highly prospective gold and copper projects 11.7 Moz • Located in mining friendly jurisdictions in the Americas INFERRED RESOURCE • Significant exploration and expansion poten
Slide 4: GoldMining Assets
GoldMining Assets Pipeline of Gold & Copper Resource-Stage Projects Yellowknife Gold Project, Canada (Independent Resource Estimate Underway) Whistler Project, USA Contained Metal Category (Oz Au) (Mlbs Cu) Rea Uranium Project, Canada M&I 1,765,000 343.1 (25% JV with Orano) Inferred 4,626,000 713.5
Slide 5: Gold Discoveries Decreasing
Gold Discoveries Decreasing Average discovery cost has increased from US$34/oz to US$174/oz Gold in Major Discoveries (Moz) Projected New Gold in Discoveries (Moz) Gold Prices 200 $2,000 Discovery Cost $34/oz $174/oz 150 $1,500 Gold in Major Discoveries Gold Prices (US$/oz) (Moz) 100 $1,000 50 $500
Slide 6: Acquisitions Near Bottom of the Gold Cycle
Acquisitions Near Bottom of the Gold Cycle Seven Acquisitions in 5 Years 175% 4,000 IPO: May 2011 3,500 TSX-V Index Closing Prices (C$) 3,000 M&I: 0.69 Moz Au INF: 0.54 Moz Au 2,500 M&I: 9.5 Moz Au INF: 11.7 Moz Au 2,000 Commodity Bull Market 1,500 1,000 Commodity 500 Bear Market 0 2002 2003 2004 20
Slide 7: Peak Market Cap of Acquisitions
Peak Market Cap of Acquisitions Using Low Gold Price to Build Value Total Cost of Acquisitions $80 Crucero (Peru) $63 Yellowknife (NWT) $102 La Mina (Colombia) $63 Titiribi (Colombia) $334 Whistler (Alaska) $122 Sao Jorge (Brazil) $136 Total Peak Market Cap $822 0 100 200 300 400 500 600 700 800 900
Slide 8: GoldMining at a Glance
GoldMining at a Glance Share Structure Key Shareholders Issued & Outstanding 137.4 M KCR Fund Sprott Global Options 10.0 M BRASILINVEST Extract Capital Warrants 7.4 M IAMGOLD Corporation Marin Katusa Fully Diluted* 154.8 M Ruffer Gold Market Cap C$128 M Financial Cash (no debt)** C$9.2 M 41% GOLD: T
Slide 9: Para State, Brazil
Para State, Brazil Second Most Active Mining State in Brazil Tucano (Au)/Beadell Para State Belem Aurizona (Au)/Equinox Cachoeira (Au)/GMI Gurupi (Au)/Avanco Montes Aureos (Au)/GMI Trinta (Au)/GMI Volta Grande (Au)/Belo Sun Cuiu Cuiu (Au)/Cabral Salobo (Cu)/Vale Tocantinzinho (Au)/Eldorado Serra Pel
Slide 10: Para State Projects
Para State Projects Exceptional Exploration Upside Indicated Inferred Cut-off Project Tonnage Grade Gold Insitu Tonnage Grade Gold Insitu g/t Mt g/t oz Mt g/t oz Sao Jorge 0.3 14.420 1.54 715,000 28.190 1.14 1,035,000 Cachoeira 0.35 17.470 1.23 692,000 15.667 1.07 538,000 Surubim 0.3 - - - 19.440 0.
Slide 11: Sao Jorge
Sao Jorge Open Pit Deposit – 1.54 g/t Indicated Resource Grade • Near surface mineralization amenable to open pit extraction • Disseminated and stockwork style mineralization over wide intervals • 145 diamond drill holes • Metallurgical recoveries of 93% Mineralized • ~80% of land holding un- Envelo
Slide 12: Sao Jorge
Sao Jorge Gold Mineralization Associated with Resistivity High – Extends 2.5 km South 12 GOLD:TSX | GLDLF:OTCQX | GOLDMINING.COM
Slide 13: Cachoeira
Cachoeira Eastern side of Cachoeira Gurupi Greenstone Belt Shear unexplored • Three deposits located along western side of Cachoeira Shear Zone • 31,302 m drilling (285 holes) • Average depth of drilling is 100 m • Underground workings • Gold mineralization hosted in albite-quartz- sulphide alterati
Slide 14: Mid-Cauca Belt
Mid-Cauca Belt One of the Most Prospective Gold Belts in the World Approx. 100 million ounces gold discovered in the last 10 years Newly elected President pledges to boost Colombia’s competitiveness in extractive industries and bolster foreign investment Miocene age porphyry and epithermal deposits
Slide 15: Titiribi & La Mina
Titiribi & La Mina Gold-Copper Porphyries and Gold Epithermal Deposits Grade Contained Metal Cut-off4 Tonnage Deposit Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq (g/t) (Mt) (g/t) (g/t) (%) (g/t) (oz) (oz) (Mlbs) (oz) Measured Resources Titiribi 0.3 51.60 0.49 - 0.17 0.78 820,000 - 195.1 1,
Slide 16: Titiribi
Titiribi Two-year Drill Program (2011-2012) – Three Deposits & Six Prospects Selected drill hole intersections Chisperos NW Breccia Interval Au Cu Deposit/Target Drill Hole M g/t % Cerro Vetas CV-046 70.3 1.21 0.27 Cerro Vetas CV-053 442.0 0.86 0.19 Maria Jo Cerro Vetas CV-054 185.1 0.90 0.29 Cerro
Slide 17: La Mina
La Mina Three-year Drill Program (2011-2013) – Three Deposits & Several Targets Selected drill hole intersections Interval Au Cu Deposit/Target Drill Hole Buenavista M g/t % El Limon LME-1084 49.07 0.36 0.11 Middle Zone LMDDH-012 94.00 0.76 0.39 Media Luna Middle Zone LME-1034 102.42 0.71 0.24 Middl
Slide 18: Titiribi & La Mina
Titiribi & La Mina Office, Accommodation and Core Storage Titiribi Office and Core Facility La Mina Core Facility La Mina Office La Mina Office 18 GOLD:TSX | GLDLF:OTCQX | GOLDMINING.COM
Slide 19: Peru
Peru One of Worlds Largest Producers of Base and Precious Metals • Top global producer Colombia Ecuador • 2nd in copper • 6th in gold Iquitos Orogenic Gold Belt • First in Mining Investment in Latin America (Fraser Institute) Chiclayo Brazil • Mining is 14% of GDP and 60% of exports Yanacocha Pataz
Slide 20: Crucero
Crucero Underexplored Gold Belt Indicated Inferred Cut-off Project Tonnage Grade Gold Insitu Tonnage Grade Gold Insitu g/t Mt g/t oz Mt g/t oz Crucero 0.4 30.653 1.0 993,000 35.779 1.0 1,147,000 • Orogenic gold deposit • Hosted in Carbonaceous sediments • Structurally controlled A1 deposit • Gold mi
Slide 21: Yellowknife Gold
Yellowknife Gold One of Canada’s Highest Grade Gold Belts Nicholas • Yellowknife Greenstone Belt Discovery Mine (1 Moz) Ormsby-Bruce • On trend with 3 of the highest grade gold mines in Canada N • Giant Mine – 8.1 Moz @ +0.5 oz/t Goodwin Lake • Con Mine – 6.1 Moz @ +0.5 oz/t • Discovery Mine – 1 Moz
Slide 22: Yellowknife Gold
Yellowknife Gold Discovery Mine with nearby Nicholas Lake, Bruce and Ormsby Camp Ormsby portal 22 GOLD:TSX | GLDLF:OTCQX | GOLDMINING.COM
Slide 23: Whistler
Whistler Alaska – Mining Friendly Jurisdiction Whistler Project • Access • Charter flights from Anchorage to all-season airstrip • Permitted and built ice road in 2010 to build new camp • Roads to Resources Program • Land Tenure • State claims • Exploration permitting – straightforward • Project Ben
Slide 24: Whistler
Whistler Comparison with Pebble – Both in Kahiltna Terrane and Similar Age Minerals/ Project: Pebble Whistler Copper (Blb) 72 1 Gold (Moz) 94 6.4 Silver (Moz) 514 29 Molybdenum (Blb) 4.8 NA Drilling (m) 325,358 70,000 24 GOLD:TSX | GLDLF:OTCQX | GOLDMINING.COM
Slide 25: Whistler
Whistler District Scale Project – 170 sq km Grade Contained Metal Cut-off Classification Tonnes Gold Copper Gold Eq Gold Copper Gold Eq g/t g/t %) (g/t) (Moz (Mlbs) (Moz) Indicated 110.3 0.50 0.14 0.79 1.77 343.1 2.80 Inferred 311.3 0.47 0.11 0.68 4.63 713.5 6.73 • Bulk mineable near surface porphyr
Slide 26: Rea Uranium
Rea Uranium Western Athabasca Basin • Acquired through acquisition of Brazilian Gold in 2013 • $10 M in exploration • District scale – 125,000 Ha GoldMining Areva • GoldMining 75% and Orano 25% • Surrounds Orano’s high-grade Maybelle deposit • Discovered in 1988 • 17.7% U over 5.0m in MR-39 • Orano
Slide 27: Experienced Leadership Team
Experienced Leadership Team Directors and Management Amir Adnani Garnet Dawson David Kong Gloria Ballesta Herb Dhaliwal BSc MSc, PGeo BBA, CA, CPA LLB (Hon), MSc BComm Chairman CEO & Director Director Director Director Entrepreneur and Over 30 years in the Director for several mining Based in Colomb
Slide 28: Capital Market and Technical Experience
Capital Market and Technical Experience Advisory Board Mario Garnero Ken Wang Ross Sherlock Jeremy Richards Paul Zweng LLB PhD PhD, PGeo PhD, PGeo PhD Based in Brazil, Chairman Over the past 20 years, Dr. Over 28 years in the Research geologist Blended technical and of Brasilinvest Group, a Wang has
Slide 29: Analyst Coverage
Analyst Coverage Heiko Ihle, Managing Director • “GoldMining's resources remain undervalued. In short, the firm has accumulated a portfolio of projects in favorable mining jurisdictions such as Brazil, Colombia, Peru, the U.S., and Canada.” • “GoldMining continues to execute on its strategy of acqui
Slide 30: Pipeline of Resource-Stage Projects
Pipeline of Resource-Stage Projects Global Classified Resource Statement Grade Contained Metal Cut-off4 Tonnage Deposit Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq (g/t) (Mt) (g/t) (g/t) (%) (g/t) (Moz) (Moz) (Mlbs) (Moz) Measured Resources Titiribi5 0.3 51.60 0.49 - 0.17 0.78 0.820 - 195.
Slide 31: Global Classified Resource
Global Classified Resource Table Notes 1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. The estimate of mineral resources may be materially affec
Slide 32: Global Classified Resource
Global Classified Resource Table Notes • Gold equivalent estimated for the Whistler deposit assumes metal prices of US$990/oz gold, US$15.40/oz silver and US$2.91/lb copper and recoveries of 75% for gold and silver and 85% for copper. • Gold equivalent estimated for the Raintree West deposit assumes
Slide 33: People Strategy Gold
GOLD:TSX | GLDLF:OTCQX GoldMining.com PEOPLE STRATEGY GOLD Toll Free: (855) 630-1001 Corporate Head Office Chairman: Amir Adnani Fax: (604) 682-3591 1830-1030 West Georgia Street CEO: Garnet Dawson Email: info@goldmining.com Vancouver, British Columbia President: Paulo Pereira www.goldmining.com Can