Slide 1: Eagle Mountain Mining – Oracle Ridge high-grade copper mine
EAGLE MOUNTAIN MINING (ASX:EM2) Oracle Ridge - high-grade copper mine RIU – Sydney resources round-up 4 MAY 2021
Slide 2: Important Information
IMPORTANT INFORMATION P u r p o s e o f p r e s e n t a t I o n : This presentation has been prepared by Eagle Mountain Mining Limited (ACN 621 541 204) (Eagle Mountain) and should be read in conjunction the Company’s Annual Report, issued by Eagle Mountain 28 October 2020 and subsequent ASX announc
Slide 3: Recent updates
Recent updates • Eagle Mountain moves to 100% ownership of Oracle Ridge • Three-fold increase in drilling rates planned over coming quarter • 4km of mapped and sampled mineralization along lower Leatherwood contact • Strong Exploration results outside JORC resources o 12.7m at 3.96% Cu, 49.1g/t Ag a
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS JORC copper resource of 12.2Mt at 1.51% Cu for 184 kt Contained Copper Ongoing drilling program with strong pipeline of quality drill targets aiming to increase Resources Good credentials to potentially be a low emission mining operation Existing underground mine with 18km of d
Slide 5: Project location
Project location Silver Mountain PROJECT 100km 1.8Bt @1.53% Cu • Extensive infrastructure 1.6Bt @0.63% Cu to support potential future mining operation • Supportive community 1.6Bt at 0.68% Cu for future mining operation • Tier 1 miners in the district – BHP, Rio Tinto, 1.4Bt @0.6% Cu Freeport McMora
Slide 6: Arizona – major copper projects
ARIZONA – major copper projects • Oracle Ridge shares many geological similarities with other major mining projects in Arizona • The source of mineralisation at Oracle Ridge has not been found and remains a key exploration objective • Arizona ranked #2 mining jurisdiction in the world based on inves
Slide 7: Multiple streams of geological studies to support drill targeting
Multiple streams of geological studies to support drill targeting Multispectral Geophysics Interpretation VTEM Satellite Magnetics Vectoring Geochemistry Full suite assays towards Lithology Rebuilt lithology models prospective targets Structural Modelling Alteration Studies First oriented core Terra
Slide 8: Laying the foundations for growth
Expanded 100% of Oracle geological studies LAYING THE Foundations for growth Ridge Acquired in progress to build further OREX – 4km of exploration Outstanding High contact with targets grade intercepts high grade 12.0m @ 3.47% Cu copper assay Increase from 2 – Discovery on 12.7m @ 3.96% Cu 5 Rigs du
Slide 9: Strong results, exceptional potential
STRONG RESULTS EXCEPTIONAL POTENTIAL • Extensive outcropping, high- grade mineralisation on the lower Leatherwood intrusive contact which was mapped over 4km. • >90% of drill holes outside the JORC Resources have intersected mineralisation since drilling commenced drilling in September 2020 • Multip
Slide 10: Oracle Ridge extension “OREX” – large prospective area
Oracle Ridge extension “OREX” – large prospective area Leatherwood contact • Large prospective area Leatherwood below the Leatherwood in Prospective sediments Older Formations the same limestone Mineralisation formations as the current JORC resources High grade outcropping mineralisation Same rock f
Slide 11: 4km Leatherwood contact with outcropping high-grade copper mineralisation
4km Leatherwood contact with outcropping high-grade copper mineralisation 11 12
Slide 12: 4km Leatherwood contact with outcropping high-grade copper mineralisation
Drilling rate to accelerate 4km leatherwood contact following strong results with Outcropping high-grade copper mineralisation Brian Paull (Principal geologist), with massive chalcopyrite which graded 34% Cu, 367g/t Ag and 26.2g/t Au Refer ASX Announcement 31 March 2021 12
Slide 13: Significant leverage to rising copper prices
SIGNIFICANT LEVERAGE to RISING COPPER PRICES 5 Year Copper Spot Price Oracle Ridge JORC Resources – Contained Copper Significantly more contained copper in Copper prices reacting to the Resource at increased demand and lower cutoff grades tightening supply www.Kitco.com JORC Resources Estimate (1% C
Slide 14: Oracle Ridge Strategy
ORACLE RIDGE STRATEGY Eagle Mountain has a key objective of becoming a low emission producer at its high-grade Oracle Ridge project in Arizona. 3. Near MINE TARGETS Eagle Mountain is • Exploration within a few kilometers of a future mill site • Regional geophysical anomalies confident of the signifi
Slide 15: Exploration potential at depth
EXPLORATION POTENTIAL AT Grand Canyon DEPTH Eagle Mountain is Las Vegas the first group to undertake oriented Silver Mountain core at Oracle Ridge with the aim of defining structures – the ‘plumbing system’ Oracle Ridge of major Arizona Los Angeles copper projects Note - The Section shown is both co
Slide 16: Enhanced restart potential
Enhanced RESTART POTENTIAL Existing underground mine at Oracle Ridge includes accessible underground workings providing rapid restart potential Existing infrastructure at Oracle Ridge Photos taken February 2020 16
Slide 17: Underground mining development in place
Underground mining development in place Existing infrastructure at Oracle Ridge Photos taken February 2020 17
Slide 18: The growing renewable energy market and copper
THE GROWING RENEWABLE ENERGY MARKET AND COPPER • As a highly efficient conductor of electricity and heat, copper is used in renewable energy systems to generate power from solar, hydro, thermal and wind energy across the world. • Copper helps reduce CO2 emissions and lowers the amount of energy requ
Slide 19: Copper for the rapidly growing electric vehicle market
COPPER FOR THE RAPIDLY GROWING ELECTRIC VEHICLE MARKET • All types of electric vehicles require a substantial amount of copper, which is used in batteries, windings and copper rotors used in electric motors, wiring, busbars and charging infrastructure. • The second largest investment sector in 2020
Slide 20: Oracle Ridge – targeting low emission production of copper
ORACLE RIDGE – TARGETING LOW EMISSION PRODUCTION OF COPPER Oracle Ridge has a large gravity Potential solar panels advantage compared to other harvesting Arizona Sun Relatively lower vent demand due to less diesel equipment used underground operations, which can be beneficial in many aspects Low emi
Slide 21: Eagle Mountain Mining – contributing to a better future
EAGLE MOUNTAIN MINING – CONTRIBUTING TO A BETTER FUTURE Eagle Mountain Mining’s objective is to create a low cost, low emission, sustainable mining operation to supply copper to the growing green energy sector. EnVIRONMENT COMMUNITY Closure of the tailings facilities Past and ongoing support with fu
Slide 22: Corporate Overview
CORPORATE OVERVIEW 12 Month Share Price Key Metrics ASX Code EM2 Shares on Issue 184 m (30 April 2021) Share Price $1.26 (30 April 2021) Cash (approximate) $10m (31 Mar 2021) + $2m to be received in May 2021 following EGM = $12m Debt 1 $9.6m Market Capitalisation $232m (undiluted) Unlisted Options 2
Slide 23: Rising Sun at Oracle Ridge – Managing Director quote
Rising Sun at Oracle Ridge “I strongly believe that there is huge potential, not just for a good mine, but a great operation. We will continue to focus on unlocking that potential and turning it into reality. We welcome you to join our journey and share in our excitement.” Charles Bass, Managing Dir
Slide 24: Board & Management
BOARD & MANAGEMENT Rick Wayne Crabb - B. Juris (Hons), LLB, MBA, FAICD Non-Executive Chairman • Bachelor of Jurisprudence (Honours), Bachelor of Laws and Master of Business Administration from the University of WA. • Practising solicitor from 1980 to 2004 with leading law firms specialising in minin
Slide 25: Board & Management
BOARD & MANAGEMENT Tim Mason – BEng (Geo)(Hons), MBA Chief Executive Officer • 20 years’ experience in mining and engineering across corporate, operations, business development and engineering roles. • Recent roles of General Manager Operations and General Manager Projects and Innovation for Panoram
Slide 26: Contact Information
CONTACT INFORMATION A Ground Floor, 22 Stirling Highway Nedlands, Western Australia, 6009 E info@eaglemountain.com.au W eaglemountain.com.au 27