Euro Sun Mining Inc. · TSX:ESM
Euro Sun Mining — Investor Presentation (August 2020)
14 slides from Euro Sun Mining's investor presentation, Aug 10, 2020
Slide 1: The Rovina Valley Project, Romania
THE ROVINA VALLEY PROJECT, ROMANIA Romania’s Next Gold and Copper mine TSX: ESM | Corporate Presentation | August 10 2020
Slide 2: Cautionary Notes
Cautionary Notes CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS information contained herein or incorporated by reference are made as of the date of this presentation or as of the date of the documents incorporated by reference, Statements and certain information contained in this presentation
Slide 3: Euro Sun Mining – Company Overview
Euro Sun Mining – Company Overview An advanced 10 million ounce* project in the European Union ▪ Developing a large-scale bulk tonnage open pit mine ▪ Long life production profile ▪ Significant leverage to Gold and Copper prices ▪ 7 million ounces of Gold ( Measured & Indicated) ▪ 1.4 Billion lbs of
Slide 4: Capital Structure
Capital Structure Shares Outstanding Key Institutional Shareholders: 169,121,413 Ruffer LLP ( UK) ~9% Share Price (13/07/20) 52-Week High Franklin Gold Fund ~8% $0.51 $0.62 ASA Gold Fund ~7% Baupost ~3% Market Cap (CAD) Ixios Gold Fund ~2% ~$86 million APAC Resources HK ~2% Avg. Daily Volume (30 day
Slide 5: Romania at a Glance
Romania at a Glance Sweden Finland Estonia • Area: 238,391 km2 Latvia • Population: ~20M (Bucharest: ~2M) Ireland Denmark Lithuania • Joined the European Union in 2007 UK Netherlands Poland • Climate: 4 distinct seasons (0-35ºc) Belgium Germany Czech Republic • Currency: Leu (RON) = US$0.25 Slovakia
Slide 6: Installed Infrastructure Minimizes Environmental Footprint
Installed Infrastructure Minimizes Environmental Footprint • Modern network of roads and rail in place • Low-cost environmentally friendly hydro power generation and distribution - all installed • Economically challenged region since Barza mine closure in 2006 • Barza mine produced 13 million ounces
Slide 7: Rovina Valley Project – Exploitation Permit Approved
Rovina Valley Project – Exploitation Permit Approved Rovina Valley Mining Licence • Issued in May 2015: to Samax PRESS INFORMATION Romania SRL, 100% owned regarding the draft normative acts adopted Official Gazette subsidiary of Euro Sun Mining or which the no. 0970 of 2018 • Transition from explora
Slide 8: ESG Principles for Success in Romania
ESG Principles for Success in Romania Environmental and Social Best Practices ✓ Dry Stack Tailings - Lowered environmental liabilities and impacts • Lowers long-term environmental liabilities and impacts • Safer design - no risk of dam failure as with wet tailings • Minimizes water usage and consump
Slide 9: Upcoming Catalysts in 2020
Upcoming Catalysts in 2020 Three Major Projects Expected for Completion in 2020 Urbanization Urbanization Bankable Construction Certificate Certificate Feasibility Permit for Project for Land Study • Environmental • Re-zoning for • Focused on Impact mine construction increased mine Assessment from p
Slide 10: Staged Development Approach
Staged Development Approach PHASE I ROVINA DEPOSIT PEA Results (Feb 2019): Colnic Only ▪ Only ~29% of total mineral resources Cu-Au Porphyry M&I: 1 Moz of Gold ▪ Avg. annual production of 139,000 oz AuEq; 573 M lbs of Copper 12 year mine life ▪ CAPEX $339.7M, including $264M for a central plant buil
Slide 11: Significant Leverage to Gold and Copper Prices
Significant Leverage to Gold and Copper Prices Spot Gold 35% higher than PEA delivers 280% Higher NPV PEA Metal Prices Spot Metal Prices LT Metal Prices $1,325 Gold $1,868 Gold $1,500 Gold $3.10 Copper $2.92 Copper $3.50 Copper Colnic NPV Colnic NPV Colnic NPV US$228M US$684M US$423M TSX: ESM | GR:
Slide 12: Executive Management Team & Board of Directors
Executive Management Team & Board of Directors Executive Management G. Scott Moore, MBA Sam Rasmussen, B.Eng President & Chief Executive Officer Chief Operating Officer Paul Bozoki, CA, MBA Randall Ruff, B.Sc., M.Sc. Chief Financial Officer VP, Exploration Brad Humphrey Vice President, Corporate Dev
Slide 13: Updated M&I Mineral Resources (2019)
Updated M&I Mineral Resources (2019) Tonnage Au Cu Gold Copper Au eq* Au Eq* Mt g/t % Moz Mlb Moz g/t MEASURED Rovina 32.1 0.36 0.29 0.37 208.5 0.83 0.53 Colnic 29.2 0.65 0.12 0.61 74.3 0.77 0.82 Ciresata 28.5 0.88 0.16 0.81 102.2 1.03 1.13 Total 89.8 0.62 0.19 1.78 385.1 2.63 0.91 INDICATED Rovina
Slide 14: Thank You
Thank You TSX: ESM Corporate Headquarters 66 Wellington Street West, Suite 5300, TD Bank Tower Box 48, Toronto ON M5K 1E6, Canada. Investor Inquiries & Media info@eurosunmining.com www.eurosunmining.com
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