Antilles Gold Ltd · ASX:AAU
Antilles Gold — Investor Presentation (December 2021)
22 slides from Antilles Gold's investor presentation, Dec 16, 2021
Slide 1: Updated Investor Presentation - La Demajagua Open Pit Mine, Cuba
16 December 2021 UPDATED INVESTOR PRESENTATION - LA DEMAJAGUA OPEN PIT MINE, CUBA Antilles Gold Limited (ASX Code: AAU, OTCQB: ANTMF) (the “Company” or “Antilles Gold”) advises that it has produced an updated Investor Presentation (attached) for the La Demajagua open pit gold/silver mine in Cuba, wh
Slide 2: About Antilles Gold Limited
ABOUT ANTILLES GOLD LIMITED: Antilles Gold is at the forefront of the emerging gold mining sector in mineral-rich Cuba, and is focussed on organic growth through participation in the development of a number of gold, and copper/gold projects in a 49:51 joint venture with the Cuban Government mining c
Slide 3: Antilles Gold - ASX: AAU, OTCQB: ANTMF
16 December 2021 ASX CODE: AAU OTCQB: ANTMF Capitol Building, Havana
Slide 4: Forward-Looking Statement
Forward-Looking Statement DISCLAIMER Some of the statements contained in this Presentation are forward-looking statements, The Information contained in this Presentation is provided on the terms and conditions set such as statements that describe Antilles Gold Limited’s (“AAU”) future plans, intenti
Slide 5: Antilles Gold is uniquely positioned in mineral rich Cuba
Antilles Gold is uniquely positioned to access gold and copper/gold development opportunities in mineral rich Cuba. Cuba hosts many gold and copper deposits that have been extensively explored by Canadian, Russian, and Cuban mining companies, but development opportunities have been substantially ove
Slide 6: Company Information
Company Information Shares on Issue 304.0M Options on Issue 62.05M (exercise price of $0.13, expiring 30 April 2023) Share Price 15 December 2021 7.0 cents Market Capitalisation 15 December Option Price 15 December 2021 1.8 cents $21.3 million 2021 Top 5 Shareholders % Chairman, Brian Johnson entiti
Slide 7: Joint Venture in Cuba – Development Projects
Joint Venture in Cuba – Development Projects Over the past five years, Antilles Gold has established excellent relations with the Cuban Government’s mining company, GeoMinera SA, which culminated in the registration in August 2020 of a 49:51 joint venture company, Minera La Victoria SA (“MLV”), whic
Slide 8: La Demajagua Gold/Silver Mine
La Demajagua Gold/Silver Mine The proposed La Demajagua mine on the Isle of Youth in south-west Cuba is in the predevelopment stage with the Definitive Feasibility Study (“DFS”) and permitting for the first stage open pit mine expected to be completed in Q3 2022 to allow a development decision in Q4
Slide 9: La Demajagua Gold/Silver Mine - continued
La Demajagua Gold/Silver Mine - continued Based on extensive historic drilling and metallurgical test work, A composite sample from drill cores containing the open pit mine is anticipated to operate for six years at a 3.8 g/t Au and 38.0 g/t Ag is being tested to establish preliminary gold/silver re
Slide 10: La Demajagua - History
La Demajagua - History The La Demajagua gold/silver deposit incorporates the A new shaft was sunk and a flotation and gravity process Delita deposit which was discovered around 1900 but plant constructed at Delita in 1980, with approximately 80,000 t of ore processed through the plant. High received
Slide 11: La Demajagua - Financial
La Demajagua - Financial Antilles Gold’s current Financial Model for the open pit mine Funding for the approximately US$50 million of indicates a total capital cost of approximately US$63 million development costs in addition to Antilles Gold’s equity including pre-development costs, financing, and
Slide 12: La Demajagua Underground Mine
La Demajagua Underground Mine Antilles Gold will undertake a DFS in 2027 for the planned The underground mining rate is expected to be underground operation to follow the open pit mining. approximately 550,000 tpa and produce 40,000 tpa of concentrate containing approximately 70,000 oz The Company w
Slide 13: Golden Hills VMS Deposit
Golden Hills VMS Deposit The Golden Hills sulphide deposit which is located approximately 100km south-east of the Provincial Capital of Camaguey, was explored by Antilles Gold is attracted to the Golden Hills MacDonald Mines from Canada between 1994 and 1998 when they deposit as it could be a viable
Slide 14: Golden Hills Consulting Geologist’s Report
Golden Hills Consulting Geologist’s Report Geology “The Golden Hills Au-Cu deposits are hosted in Cretaceous volcaniclastic rocks, that dip moderately west- northwest. These rocks outline a lens shaped body 7.0km long and about 2.0km in true thickness that is interpreted to be a section through a vo
Slide 15: Golden Hills Consulting Geologist’s Report - continued
Golden Hills Consulting Geologist’s Report - continued The Golden Hills Au oxide deposits are underlaid by a large The Golden Hills deposit represents a major target mineralized system hosting Au and Cu enriched sulphide for AGI which is planning an aggressive exploration bodies. Wide intersections
Slide 16: Florencia & Maclama Open Pit Mines
Florencia & Maclama Open Pit Mines The Florencia and Maclama gold deposits located 15 km Annual concentrate production of only 15,000 tonne from from Golden Hills, are low sulphide, near surface deposits each mine at a conservative grade of 50g/t Au would result which have been explored by Russian c
Slide 17: Investment In Cuba
Investment In Cuba The Cuban Parliament adopted Law 118 for Foreign Investment in March 2014 which provides basic investment protection and other general rules relevant to foreign investors. Features which will apply to the Joint Venture with GeoMinera include; • Equal numbers of directors with all
Slide 18: Directors
Directors Brian Johnson James Tyers Ugo Cario Angela Pankhurst Executive Chairman Executive Director Non-Executive Non-Executive Operations Director Director Mr Johnson is a graduate in civil Mr Tyers is a member of the AusIMM and Mr Cario has over 30 years’ of Ms Pankhurst has over 20 years’ engine
Slide 19: Senior Management
Senior Management Steve Mertens Dr Chris Grainger Tracey Aitkin Dr Jinxing Ji Chief Financial Officer Technical Director Mining Director Exploration Director Cuba Cuba Sydney Vancouver Dr Ji highly knowledgeable metallurgist with Mr Mertens is a mining engineer with 20 Australian geologist with +25
Slide 20: In Summary
In Summary • Antilles Gold has the opportunity to participate through a joint venture with Government owned mining company, GeoMinera, in the successive development of several gold mines in Cuba to produce high grade concentrate. • The Company has experienced Directors and Management. • Low entry pr
Slide 21: Annex – Exploration Target
Annex 1 – Exploration Target Cube Consulting’s estimate of the Exploration Target Range for the La Demajagua gold/silver deposit above 1.0g/t Au cut-off grade based on data from 50,000m of previous drilling as reported to ASX 10 November 2020: Competent Person Statement The information in this repor
Slide 22: Antilles Gold
ANTILLES GOLD _emitep
Antilles Gold — Investor Presentation (December 2021) on 6ix