Emerald Resources Nl · ASX:EMR
Emerald Resources Nl — Investor Presentation (October 2016)
24 slides from Emerald Resources Nl's investor presentation, Nov 2, 2016
Slide 1: Okvau Gold Project, Cambodia
For personal use only Okvau Gold Project, Cambodia First Mover Status Proven Development Team >100,000oz pa | >2 g/t Open Pit | AISC <US$750/oz ASX:EMR October 2016
Slide 2: Presentation Disclaimer
Presentation Disclaimer Cautionary Statement | PFS Results & Previously Reported Information Reference is made to the ASX release by Renaissance Minerals Limited (‘Renaissance’) dated 27 July 2015 titled ‘Okvau PFS Demonstrates Compelling Project Economics’. All material assumptions underpinning the
Slide 3: Board and Management
Board and Management Board and Management Simon Lee AO, Non Executive Chairman Previously Chairman: Equigold NL, Samantha Gold NL, and Great Victoria Gold NL For personal use only Previously Board Member of the Australian Trade Commission and President of the Western Australian Chinese Chamber o
Slide 4: Capital Structure
Capital Structure Share Price Performance ASX Code EMR 0.07 Millions 1 Share Price 5.0 cents 12 For personal use only 0.06 Shares on Issue 2,108M2,3 10 0.05 Market Cap $105M 8 0.04 Cash & Investments $15.5M4 6 0.03 Debt Nil 4 0.02 Enterprise Value (diluted) $90M 2 0.01 0 0 Oct 15 Nov 15 Dec 15 Jan 1
Slide 5: Company Overview
Company Overview Transitioning to Development Cambodia First Mover First mover status in an emerging stable For personal use only democratic country Supportive Government Robust Gold Project 100% project ownership JORC resource estimate of 15.8Mt @ 2.2g/t for 1.13moz Strong development eco
Slide 6: Cambodia Overview & Project Location
Cambodia Overview & Project Location First mover advantage in highly prospective province For personal use only Democratic elections (5yr terms, next mid-2018) Growth orientated regime (GDP +10% pa) Underexplored and prospective for large systems 400km2 of proven prospective terrain |emergin
Slide 7: Project Geology
For personal use only Project Geology Cretaceous age (100Ma) granitoid intrusions O’Svay Prospect Multiple Gold occurrences with direct associations with granitoid intrusions Classic Intrusive Related Gold (IRG) geochemical signatures - arsenic, bismuth, tellurium, molybdenum Antrong West Pros
Slide 8: Okvau Resource
Okvau Resource 2.2g/t | 1.13 Million Ozs and Growing Indicated >85% of total resources For personal use only Mineralisation from surface July 2015 JORC Resource (0.6g/t gold cut-off) Tonnage Grade Au Gold Resource Classification (Mt) (g/t) (Koz) Indicated 13.2 2.3 962 Inferred 2.7 2.0 169 Total
Slide 9: Okvau Resource Infill Drilling
Okvau Resource Infill Drilling 7,500m of resource infill drilling recently completed For personal use only Section Top 120m drilled to 25m x 25m (slide 9) Section (slide 18) 16m @ 3.90g/t gold from 19m 5m @ 13.16g/t gold from 74m 31m @ 3.11g/t gold from 81m 9m @ 5.69g/t gold from 34m 8
Slide 10: Okvau Open Pit Development
Okvau Open Pit Development >70% conversion of resource to in-pit mineral inventory Excellent grade and favourable geometry For personal use only LOM 11.6Mt @ 2.2g/t 830,000oz Corporate Presentation - May 2016 | ASX: RNS | renaissanceminerals.com.au 10 10
Slide 11: Metallurgy & Processing
Metallurgy & Processing Extensive test work completed Conventional Flotation & Leaching For personal use only Coarse primary grind (>106µm) and sulphide flotation Low mass pull (5-6%), high grade concentrate Fine regrind of concentrate only Leaching (flotation tails and concentrate) & Elution Gold r
Slide 12: Infrastructure and Site Layout
Infrastructure and Site Layout Government currently constructing road to within 15km of Okvau Deposit Flat terrain For personal use only Power | longer term potential HV National grid (Kratie to Sen Monorom) Water supply within 1km of Okvau Deposit Access road options Preferred Access Road R
Slide 13: Low All-in Sustaining Costs | High Margin
Low All-in Sustaining Costs | High Margin Operating Cost Summary Capital Cost Summary For personal use only Initial 5yr Life of Mine Site Costs 4% Contingency On-Site Mining US$227/oz US$341/oz 10% Pre-Production On-Site Processing US$285/oz US$285/oz Mining Plant 41% On-Site G&A US$49/oz US$57/oz T
Slide 14: Project Economics
Project Economics PFS US$120M Capital Cost1 For personal use only Gold Price US$1,150/oz US$1,250/oz US$1,400/oz US$1,500/oz Operating Cashflow US$294M US$362M US$464M US$532M Project Cashflow US$164M US$232M US$324M US$402M IRR 24% 33% 45% 53% Payback 3.0 years 2.7 years 2.0 years 1.7 years NPV(5%)
Slide 15: Definitive Feasibility Study Status
Definitive Feasibility Study Status 25% 50% 75% 90% 100% Resource Drilling and Estimation For personal use only Metallurgy Process Engineering and Costing Mine Design, Scheduling and Costing TSF Design and Engineering Geotechnical Engineering Hydrology & Hydrogeological Infrastructure ESIA & Permitt
Slide 16: Resource Growth Potential
For personal use only Resource Growth Potential Corporate Presentation - May 2016 | ASX: RNS | renaissanceminerals.com.au 16 16
Slide 17: Okvau Resource Growth: Shallow extensions
Okvau Resource Growth Shallow extensions Remains ‘OPEN’ with further resource growth potential from extensions to known For personal use only mineralisation Geophysical and coincidental geochemical anomalism demonstrate considerable growth potential 4,000m Drilling Program underway now Okvau r
Slide 18: Okvau Resource Growth: Depth extensions
Okvau Resource Growth Depth extensions For personal use only Open pit depth ~250m Some of the highest grade intersections sit beneath open pit 3,500 ounces per vertical metre Drilling 4Q 2016 Corporate Presentation - May 2016 | ASX: RNS | renaissanceminerals.com.au 18 18
Slide 19: Regional Potential | Project Geology
Regional Potential | Project Geology New Intrusive Related Gold Province 400km2 of prospective unexplored terrain For personal use only Multiple large remanent magnetic responses analogous to Okvau Deposit Features represent zones of hydrothermal fluid cells amenable to gold mineralisation Cor
Slide 20: Regional Potential | Geochemistry
For personal use only Regional Potential | Geochemistry O’Svay Prospect 600m x 600m gold in soil anomaly Granitoid associated Peak soils | 786ppb, 624ppb Undrilled gold-in-soils anomalism with critical pathfinder multi- elements (bismuth, arsenic, tellurium) Multiple drill targets Remanent magne
Slide 21: Samnang Prospect
Samnang Prospect Adjacent to Okvau IP survey identifed a high chargeable Analogous with the Okvau Deposit but For personal use only zone contiguous over at least 500 metres more extensive of strike and open Further Drilling 4Q 2016 Recent drilling confirmed favourably stratigraphy Corporate
Slide 22: O'Rman Prospect
For personal use only O’Rman Prospect 6km North of Okvau Deposit 800m x 600m soil anomaly with up to 2.55g/t gold in soils No previous drilling Drilling 4Q 2016 Corporate Presentation - May 2016 | ASX: RNS | renaissanceminerals.com.au 22 22
Slide 23: Upcoming Milestones
Upcoming Milestones Newsflow: Q4 2018 Commissioning DFS completion early 2017 For personal use only Drilling underway Q3 2018 Construction Q2 2017 Financing Q1 2017 Permitting Q1 2017 DFS / Updated Resource & Maiden Reserve Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2016 2017 2018 Resource Drilling (completed)
Slide 24: Investment Highlights
Investment Highlights Development with Significant Exploration Upside New frontier, unexplored terrain covering ~400km2 For personal use only 100% project ownership Strong base case gold project | excellent open pit grade, single open pit bulk mining approach o Single 830,000oz pit at 2.2g/t o
Emerald Resources NL — Investor Presentation (October 2016) on 6ix