Emerita Resources Corp. · TSXV:EMO
Emerita Resources — Investor Presentation (August 2024)
31 slides from Emerita Resources's investor presentation, August 2024
Slide 1: Developing High Grade Polymetallic Deposits in Spain
Developing High Grade Polymetallic Deposits in Spain Corporate Presentation August 2024 TSX-V: EMO OTCQB: EMOTF FRA: LLJA
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains, or incorporates by reference, “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, statements with respect to the future performance of Em
Slide 3: Why Invest in Emerita Resources?
WHY INVEST IN EMERITA RESOURCES? Initial Mineral Resource Estimate Released (1) ▪ Iberian Belt West project NI 43-101 Resource Estimate: 14.07 MT Indicated Resource grading 7.63% ZnEq (3.29% Zn, 1.66% Pb, 0.46% Cu, 75.2 g/t Ag and 1.39 g/t Au) and 4.71 MT Inferred Resource grading 9.29% ZnEq (4.70%
Slide 4: A Historic Mining District
A HISTORIC MINING DISTRICT Spain Portugal ▪ The Iberian Pyrite Belt is located just southwest of the Iberian Peninsula, bordering Portugal and Spain forming an arch ~240 km long and ~35 km wide between Seville (Spain) in the west and Grándola (Portugal) in the east ▪ One of the most important volcan
Slide 5: Iberian Belt West Project - Andalucía, Spain
IBERIAN BELT WEST PROJECT - ANDALUCÍA, SPAIN Aguas Teñidas Neves-Corvo (63KM from IBW) Rio Tinto Nuevo Tintillo Portugal Iberian Belt West Las Cruces Aznalcóllar (Pending) INFRASTRUCTURE ▪ Paved roads, railways, and ports near; land package at IBW totals 23.94 km² ▪ Support by Andalucian government
Slide 6: Iberian Belt West Project – Application for Exploitation License
IBERIAN BELT WEST PROJECT – EMERITA HAS FILED APPLICATION FOR EXPLOITATION LICENSE Exploitation License for flagship IBW Project will grant Emerita a 30-year term renewable up to 90 years Marks transition of IBW from exploration to mine development Baseline metallurgy released with technical aspects
Slide 7: IBW's Declaration of Strategic Interest Status a Significant Milestone Forward
IBW’S “DECLARATION OF STRATEGIC INTEREST” STATUS A SIGNIFICANT MILESTONE FORWARD Preferential & Expedited Treatment For IBW o Because of IBW’s “strategic” designation, the highest level of the Andalusian Government will assign an “accelerated taskforce” for Emerita that will expedite all submitted d
Slide 8: Emerita Secures up to US$15 Million Financing with Nebari
EMERITA SECURES UP TO $US15 MILLION FINANCING WITH NEBARI TO ADVANCE IBW PROJECT US$15M $US15M Secures Project Financing • Credit agreement entered with Nebari Resources • Emerita has the ability to borrow up to a maximum of US$15M in three (3) separate tranches 3 Separate Tranches US$6M Provides Fl
Slide 9: 2023 Maiden Resource Estimate – Key Highlights
2023 MAIDEN RESOURCE ESTIMATE – KEY HIGHLIGHTS The Initial Mineral Resource Estimate ▪ Delineated a high-grade deposit Average Grade • Indicated resource of 14.07MM tonnes at Tonnes Cu 7.63% ZnEq* Deposit Class Zn (%) Pb (%) Ag (g/t) Au (g/t) ZnEq % (Mt) (%) • Inferred resource of 4.71MM tonnes at I
Slide 10: Emerita vs. Our Peers
ZnEq Grades (After Recovery) Total Resource Tonnage EMO ZnEq Grade (Inferred; after recovery factors) EMERITA VS. OUR PEERS In-Situ Grade (Before Recovery) EMO ZnEq Grade (Indicated; after recovery factors) 13.93% 10.3% ZnEq ZnEq 8.96% 9.29% ZnEq 7.69% ZnEq 9.29% 8.19% 7.63% ZnEq ZnEq ZnEq ZnEq 69.0
Slide 11: Iberian Belt West – Valuation Upside Through De-Risking
In-Situ Valuation (Resource Only; Post-Recovery) IBERIAN BELT WEST – VALUATION UPSIDE THROUGH DE-RISKING Enterprise Value (in $CAD millions) Enterprise Value to In-Situ Value: Operator Emerita Adriatic Foran Resources Metals Mining Advanced Stage VMS Developers Enterprise Value C$151M C$1,071M C$1,4
Slide 12: Iberian Belt West – Recent Polymetallic Deposit Acquisitions
IBERIAN BELT WEST – RECENT POLYMETALLIC DEPOSIT ACQUISITIONS Deposit & Timok (Upper) Hermosa (Taylor) Aguas Teñidas Iberian Belt West Acquisition US$1.41 Billion US$1.30 Billion US$1.87 Billion Price Resource Resource Resource (M&I) Resource Reserve Resource Resource Reserve (M&I) (Inferred) & Reser
Slide 13: Phase Metallurgy Testing – Driving Continuous Performance Improvement
PHASE 1 METALLURGY TESTING – DRIVING CONTINUOUS PERFORMANCE IMPROVEMENT Strong Zinc Test Results Tests returned zinc concentrates grading 52.4% Zn with Project average zinc recovery of 84%. La Romanera returned Zn concentrate grades of 49.3% Zn at 85% recovery and La Infanta returned 60% Zn concentr
Slide 14: El Cura – Recent Intercepts of High-Grade Massive Sulfides
EL CURA – RECENT INTERCEPTS OF HIGH-GRADE MASSIVE SULFIDES EC013 intersected 10.6 m grading 1.7% copper, 0.95 g/t gold and 35.46 g/7 silver. EC014 intersected 11.4 m grading 4.3% copper, 48.31 g/t silver and 1.85 g/t gold. This is the deepest and thickest intercept at El Cura (approx. 350 m vertical
Slide 15: El Cura – Significant New Mineralization Adjacent to Proposed Infrastructure
EL CURA – SIGNIFICANT NEW MINERALIZATION ADJACENT TO PROPOSED INFRASTRUCTURE El Cura is located adjacent to the main mine ramp El Cura has potential to be a low CapEx addition the IBW from the current conceptual mine plan being used in conceptual mine plan. the Exploitation license application proce
Slide 16: La Romanera Mineralization and Longitudinal Sections
LA ROMANERA MINERALIZATION AND LONGITUDINAL SECTIONS Open Open Drill hole spacing to achieve Indicated Both the Upper and Lower lenses at resources at maximum 50 meter La Romanera remain open for further spacing expansion with drilling continuing (1) Emerita Resources’ zinc equivalent (ZnEq) grades
Slide 17: La Romanera – Defining a Higher Grade Copper Enriched Zone
LA ROMANERA – DEFINING A HIGHER GRADE COPPER ENRICHED ZONE SIGNIFICANT HIGHLIGHTS (1) Most notable for LR167 are the DDH From (m) To (m) Width Cu (%) Pb (%) Zn (%) Au (g/t) Ag (g/t) elevated copper and gold values LR167 555.0 623.9 68.9 0.7 0.3 0.5 0.91 36.2 relative to the zinc and lead Incl. 590.8
Slide 18: La Romanera Deposit – Drilling Program Highlights to Date
LA ROMANERA DEPOSIT – DRILLING PROGRAM HIGHLIGHTS TO DATE Both the Upper and Lower Lens contain a continuous mineralized horizon that converge into a thicker massive sulphide lense that shows indication that it is ~40 meters wide SIGNIFICANT HIGHLIGHTS (1) LA ROMANERA DEPOSIT 3D MODEL - NS SECTION D
Slide 19: La Infanta Mineralization and Longitudinal Section
LA INFANTA MINERALIZATION AND LONGITUDINAL SECTION 01 1.07 Mt indicated and 1.56 inferred initial resource. Indicated resources at La Infanta correspond to the shallower portions of the South and North Blocks 02 In order to be included in the resource estimate intercepts at La Infanta had to be abov
Slide 20: Nuevo Tintillo Project – Past Producing Land Package
NUEVO TINTILLO PROJECT – PAST PRODUCING LAND PACKAGE GEOLOGICAL MAP (NUEVO TINTILLO) (1) 100% owned property, on 1 trend with producing mines in the region 3 past producers and 5 other known metal occurrence 2 within the property boundary Aguas Tenidas, Rio Tinto to the northwest and 3 Aznalcollar a
Slide 21: Nuevo Tintillo Project – 14,500 Total Hectares; First-Pass Drilling Completed
NUEVO TINTILLO PROJECT – 14,500 TOTAL HECTARES; FIRST-PASS DRILLING COMPLETED Adjacent to Large Additional Base Metal First-Pass 7,625 Hectares Deposits Drilling Complete The additional land Recent field mapping and First-pass drilling at package is on trend with sampling programs have Western Nuevo
Slide 22: Nuevo Tintillo – New Mineralized Trend
NUEVO TINTILLO – NEW MINERALIZED TREND High grade gold assay results have been received from gossan mineralization surface sampling which may represent underlying massive to semi-massive sulphide mineralization New mineralized trend hosts both siliceous stockwork and gossan over ~130m of strike; loc
Slide 23: Aznalcollar Project – Andalucía, Spain
AZNALCOLLAR PROJECT(2) – ANDALUCÍA, SPAIN PROJECT SUMMARY (1) HIGH-GRADE DEPTH EXTENSIONS ▪ One of world’s best undeveloped zinc deposits and a past open-pit producer. Contains 2 deposits – Los Frailes and Aznalcollar, with a 3rd unmined VMS lens nearby ▪ Los Frailes mine originally contained ~73 Mt
Slide 24: Aznalcollar Project – Three Known Polymetallic VMS Deposits
AZNALCOLLAR PROJECT – THREE KNOWN POLYMETALLIC VMS DEPOSITS GEOLOGICAL SOLID MODEL AND UNDERGROUND PLAN (1) The high-grade portion of the historical resource(1) is entirely within the Los Frailes deposit. Past producing Aznalcollar deposit and a Un-Mined 3rd Los Frailes Aznalcollar 3rd deposit also
Slide 25: Aznalcollar Project – Los Frailes Cross Section and DDH Results
AZNALCOLLAR PROJECT – LOS FRAILES CROSS SECTION AND DDH 106 RESULTS (1) DDH Results Zn Eq% Zn% Pb% Cu% Ag ppm Deposits drilled to shallow open pit depths only and constrained due to high strip ratio. High grade continues beyond current drilling. The deposit is 40 meters thick at the deepest drill ho
Slide 26: Iberian Belt West, Exceptional Business Climate – EU Investment in Critical Minerals
IBERIAN BELT WEST, EXCEPTIONAL BUSINESS CLIMATE – EU INVESTMENT IN CRITICAL MINERALS (1) “EU acts to secure access to critical raw materials” dated April 17th, 2023, The Economist Intelligence TSX-V: EMO (2) “Andalusian Government Plans to Boost Mining Sector” dated December 19th, 2022, SUR English
Slide 27: Near Term Targets/Next Steps
NEAR TERM TARGETS/NEXT STEPS 2nd drill rig deployed at El Cura with plans for 15 additional holes (~3,500 meters) to delineate new El Cura mineralization. Drilling continues at La Romanera as all deposits continues to be open along strike and depth Additional metallurgy work is ongoing that will sup
Slide 28: Appendix
Appendix
Slide 29: Board of Directors
BOARD OF DIRECTORS Lawrence Guy Larry Guy is a Managing Director with Next Edge Capital focused on driving the business forward via strategic partnerships, Chairman corporate development, and development of new products. Previously, Mr. Guy was a Vice President with Purpose Investments having joined
Slide 30: Capital Structure
CAPITAL STRUCTURE Share Price History(1) (TSX.V: EMO) Share Distribution 4.5 52-Week Range C$0.255-0.78 Free-Trading Shares 234.27M Management 4 EMO.V 50-Day Moving Avg C$0.63 & Insiders 3.5 Avg. 3 Month Vol. (000’s) 172.45 5.33% 3 Institutional 10.14% 2.5 2 1.5 1 0.5 0 Retail, HNW, and Other 84.54%
Slide 31: Share Capital Structure and Management
SHARE CAPITAL STRUCTURE AND MANAGEMENT CAPITALIZATION (IN MILLIONS) David Gower Mr. Gower is a founding director of Emerita and has held Executive and Director (P.Geo.) positions with several junior and midsize mining companies for the past 12 years, Basic Shares Outstanding 247.32 CEO and Director
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