Meridian Mining Plc · TSX:MNO
Meridian Mining — Investor Presentation (October 2022)
28 slides from Meridian Mining's investor presentation, October 2022
Slide 1: Corporate Presentation, October 2022
Initial Resource: Cabaçal a multi-million ounce gold equivalent deposit Belt Scale Upside: Targeting multi-million ounce gold and billion plus pounds of copper discoveries within 50km copper-gold-silver-zinc VMS belt Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM merid
Slide 2: Disclaimer and forward-looking statements
This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Meridian Mining UK Societas (“Meridian”), nor shall it or any part of it form the basis of or be relied on
Slide 3: 18 Months of Meridian's Exploration
18 Months of Meridian’s Exploration Discovery Cost ~ USD 3.5 / ounce Indicated - 52.9Mt Inferred – 10.3Mt AuEq - 1.8moz AuEq – 0.3moz Gold Contained - 1.1moz Contained – 0.2moz Copper Contained - 168kt Contained – 24.5kt Note 1 See News Release dated 26th September Gold equivalents are calculated as
Slide 4: Cabaçal's VMS copper-gold layers over-printed by high-grade gold veins
1,900 meters ~170m Depth CNWE Cabaçal Mine CSEE Cabaçal’s VMS copper-gold layers over-printed by high-grade gold veins Note 1 See News Release dated 26th September Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM Meridian Mining UK S | 4
Slide 5: Continuity of mineralization at higher cut-off grades
Note 1 See News Release dated 26th September Block model @ 0.3g/t AuEq Cut-off Block model @ 0.5g/t AuEq Cut-off Ind - 52.9Mt - 1.8Moz AuEq @ 1.1g/t AuEq Ind - 34.5Mt - 1.6 Moz AuEq @ 1.4g/t AuEq Inf - 10.3Mt - 0.3Moz AuEq @ 1.0g/t AuEq Inf - 5.6Mt - 0.3Moz AuEq @ 1.5g/t AuEq Continuity of Mineraliz
Slide 6: Cabaçal Mineral Resource
Cabaçal Mineral Resource Category Mt Au g/t Cu % Ag g/t AuEq g/t Au Mozs Cu Kt Ag Mozs AuEq Mozs Indicated 52.9 0.64 0.32 1.4 1.05 1.1 168 2.4 1.8 Inferred 10.3 0.68 0.24 1.1 0.96 0.2 24.5 0.4 0.3 Note 1 See News Release dated 26th September Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRR
Slide 7: TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM
1 See News Release: 26th September 2022 Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM Meridian Mining UK S | 7
Slide 8: TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM
1 See News Release: 26th September 2022 Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM Meridian Mining UK S | 8
Slide 9: Cabaçal Mineral Resource - recovery-adjusted metal values
Cabaçal Mineral Resource - recovery-adjusted metal values Category Mt Au g/t Cu % Ag g/t AuEq g/t Au Mozs Cu Kt Ag Mozs AuEq Mozs Indicated 52.9 0.58 0.31 1.13 1.05 1.1 163 1.9 1.8 Inferred 10.3 0.62 0.22 0.8 0.96 0.2 23 0.3 0.3 Copper Recovery Gold Recovery +94% +87% Top Tier Metal Recoveries High
Slide 10: A A’ A’
A A’ A’ N A B’ B B’ B Note 1 See News Release dated 26th September Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM Meridian Mining UK S | 10
Slide 11: NW Sector high-grade near surface veins
High-Grade / Near Surface Veins 1000 m NW Sector 440 strike zone - cog 0.7AuEq Category Mt Au g/t Cu % Ag g/t AuEq g/t Au Mozs Cu Kt Ag Mozs AuEq Mozs Indicated 3.0 1.92 0.5 2.09 2.45 0.19 15 0.2 0.24 Inferred 0.4 1.75 0.65 3.13 2.48 0.02 2 0.0 0.03 Note: 1 See News Release dated 26th September Corp
Slide 12: TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM
Note: 1 See News Release dated 26th September Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM Meridian Mining UK S | 12
Slide 13: 11km mine corridor
11km mine corridor N New Discovery Two high grade historic underground mines define 11 km 44m @ 1.5 g/t Au in trenching corridor Strong open pit potential at both Cabaçal and Santa C4-A / C2-A Helena Gold overprint of VMS copper-gold units, present open along the 11km Mine Corridor C4-A / C2-A outcr
Slide 14: Cabaçal Project 10km radius
Cabaçal Project 10km Radius 5km Radius 3rd February 2022, 6th December, 24th November 2021 Note: 1 See News Releases: 21 st June, 2022, 5th April, High-grade Au overprint of VMS Cabaçal Mine VMS: Cu-Au-Ag (+Zn-Pb) Cu-Au layers present along the 11km Mine Corridor – remains Cabaçal South open Cabaçal
Slide 15: Advancing Cabaçal Project
Advancing Cabaçal Project Landholder access agreements Environmental Studies Preliminary License (LP) Instalation License (LI) Engineering Cabaçal Project Initial Metallurgical Testwork Engineering Design and Optimization Feasibility Report Cabaçal Drilling / Resource Program Phase 1 Resource Drilli
Slide 16: Corporate Structure
Corporate Structure1 Management ownership: Shares Outstanding 181.6 m 13.0 million shares (7.2% outstanding) 5.6 0.7 million warrants & 8.5 million options (11.0% fully diluted) Warrants (CAD 0.30) Broker Units 0.1 m Top 10 shareholders: (1 share & 1 Warrants) (CAD 0.20) ~68 million shares and ~0.5
Slide 17: TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM
Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM Meridian Mining UK S | 17
Slide 18: Jaurú and Juba hydro cascades
Jaurú Cascade 235.9 MW (6 Facilities) Juba Cascade 139.4 MW (4 Facilities) a Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM Meridian Mining UK S | 18
Slide 19: Developing the next polymetallic mining belt in Brazil
Developing the next polymetallic mining belt in Brazil Standalone asset within VMS Belt Simple Metallurgy / Processing - 1.9km resource defined - Gold Recovery – +87% - 50km of strike to test - Copper Recovery – +94% - Exploration on going - Doré & High-grade Copper Conc Indicated Resource Tonnage -
Slide 20: Appendix
Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 21: Cabaçal is a camp scale VMS project
CA B A ÇA L Cabaçal is a camp scale VMS project underexplored and under-developed compared to analogue camps VMS deposits tend to form periodically, related to hydrothermal convection cells on the ocean floor at ~4km Cabaçal (+53Mt)4 +6 Years Producing spacings Cabaçal's multiple targets are consist
Slide 22: Evolution of VMS Camps over time
Evolution of VMS Camps over time1 First discovery identified through prospecting (David Collins - Tom Method Used Creighton, 1914) Geophysical • Early mapping and geochemistry may Geological identify hydrothermal centers. Prospecting Economic mineralization not necessarily present at surface Cyclica
Slide 23: TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM
Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM Meridian Mining UK S | 23
Slide 24: Regional focus of BP Minerals in 1980's
Cabaçal Mine Regional focus of BP Minerals in 1980’s defined the historical copper-gold-nickel geochemical anomalies Santa Helena Mine Established copper anomalies and regional geophysics suggest extensions of the VMS belt stratigraphy Jaurú & Araputanga Greenstone belts have strong potential to rep
Slide 25: Infrastructure: road, rail, port, power and water
Road – Highway to ~20km, and all-weather roads to site Rail Line – Short trucking distance from Cabaçal Jaca Project Anglo American connecting direct to port Port - Sao Paulo provides excellent access for Europe and Asia Clean Grid Power – Local hydro electric generation with substation 21km Local P
Slide 26: Payment schedule
Payment Schedule Vendor Payment Vendor Payment Payments Requirements Comments Complete (Months) (USD) (Shares) MNO will have exclusivity during the Payment due 5 business days from signing; 1 On signing 25,000 — Due Diligence period permits a 90-day Due Diligence period Second instalments is payable
Slide 27: Espigão IOCG exploration project
Iron Oxide-Copper-Gold (“IOCG”) type deposits host the giant Cu-Au mines of Brazil and some of the biggest Cu-Au mines internationally Espigão hosts the prospective geochemistry comparable to IOCG type deposits First gravity survey is on 2km centered stations and is testing for scale – more results
Slide 28: Contact
Phone: +1 778 715 6410 Corporate Address: Chief Executive Officer Executive Chairman Email: info@meridianmining.net.br 6th Floor, 65 Gresham Street, London EC2V 7NQ United Kingdom Corporate Presentation, October 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Meridian Mining — Investor Presentation (October 2022) on 6ix