Alexco Resource — Investor Presentation (September 2014)
20 slides from Alexco Resource's investor presentation, Sep 8, 2014
Slide 1: Corporate Presentation | August 12, 2014
Corporate Presentation| August 12, 2014 NYSE-MKT: AXU TSX: AXR. ‘There will not be any sale or any acceptance of an offer to buy any secunities described in this document until a receipt for a final short form prospectus has been issued. This document does not provide full disclosure of all material
Slide 2: Production payment curve vs. silver price
$6 $0 $8 5 At $19.45 spot silver price, maximum SLW production payment/oz is $18.00 ° . ONYX HOH HNO OHHH ODOHHHDHNHHH EDO OH ODO i ae FHGRHBASGANCHSHERGASHANEHGRAEASHAR SHER Oa BREFEGRASSASSLASSSASRAAARARKAAARASRAM RES RRRBBRDGRRRBAARGRGABRABGRGAGIARGZHAG Previous Month's COMEX Monthly Average Silv
Slide 3: Example Price/Payment Levels
Example Price/ Payment Levels* SLW- New Silver Production \Price/oz Payment/oz USD USD $ 16.00 $ 14.86 $ 19.00 $ 17.59 $ 21.00 $ 16.59 $ 24.00 $ 13.86 $ 27.00 $ 11.13 $ 30.00 $ 8.40 $ 33.00 $ 5.67 $ 36.00 $ 3.90 $ 39.00 $ 3.90 *See first slide in the Appendix for expanded price-payment table. 30% 25
Slide 4: Area of PEA: Eastern Keno Hill Silver District
¢ Area of PEA: Eastern Keno Hill Silver -District Area (EKHSD) , 233 square | km property ~~ 4 posit ion [] Keno Hilt ) = Calumet District Historic Production > 10 Moz Silver Historic Production > 4 Moz Silver 7
Slide 5: Original Agreement vs Amended Agreement
$600 $500 $400, $300 Q zt Oo $200 Original Agreement vs Amended Agreement $527M Net Smelter Revenue $422M Net Smelter Alexco Revenue Margin $334M Increase: Net Smelter $20M Revenue Alexco (to $152M) sh LAS $247M Alexco ogee Net Margin Margin (to $87M) Increase: $60M $142M_ (to $48M) Net Margin $54M
Slide 6: (*See PEA
(*See PEA Cautionary language on slide 3. The PEA (2013) is based on metal prices of US $24 per ounce for silver, US $0.95 per pound for lead, US $ 0.85 per pound for zinc and US $1,300 per ounce for gold.)
Slide 7: (*See PEA
(*See PEA Cautionary language on slide 3. The PEA (2013) is based on metal prices of US $24 per ounce for silver, US $0.95 per pound for lead, US $ 0.85 per pound for zinc and US $1,300 per ounce for gold.)
Slide 8: (*See PEA
(*See PEA Cautionary language on slide 3. The PEA (2013) is based on metal prices of US $24 per ounce for silver, US $0.95 per pound for lead, US $ 0.85 per pound for zinc and US $1,300 per ounce for gold.)
Slide 9: Proposed Porta
— Proposed Porta
Slide 10: Ball Block Model at $185 NSR Cutoff
Ball Block Model at $185 NSR Cutoff ng NSR Value 2013 Updated Resource Estimate? Ea Indicated = 22,859,000 Moz Ag 0 100 200m Inferred = 1,081,000 Moz Ag o ('See appended Summary of Silver Resources slide) ang 860 0 680
Slide 11: Alexco Environmental Group revenue
• 2013 revenue: $16.3 million; 42.5% gross margin* • 2012 revenue: $8.0 million; 40.3% gross margin* • A branded, respected and growing environmental remediation business with mining focus *Including the impacts from the execution of the ARSA and from changes in the estimates of the environmental se
Slide 12: Slide 12
Slide 13: (*See PEA
(*See PEA Cautionary language on slide 3. The PEA (2013) is based on metal prices of US $24 per ounce for silver, US $0.95 per pound for lead, US $ 0.85 per pound for zinc and US $1,300 per ounce for gold.)
Slide 14: (*See PEA
(*See PEA Cautionary language on slide 3. The PEA (2013) is based on metal prices of US $24 pe r ounce for silver, US $0.95 per pound for lead, US $ 0.85 per pound for zinc and US $1,300 per ounce for gold.)
Slide 15: Hu fo re
Hu fo re a SARTO a oe il a eQy \e a \ ic Pra
Slide 16: Lucky Queen
Lucky Queen Historical Workings Current Resource Tonnes Ag Au Pb in Ag ozs. (pt) pt) (%) —(%)——(000) Indicated 124,000 1,227 0.2 2.6 17 4,891 Proposed | Inferred 150,000 9571 0.2 14 0.9 2,153 Development; (see appended Summary of Silver Resources slide) Cucky Queen 500 Level Rehabilitation Workings
Slide 17: Bellekeno Indicated Mineral Resource Estimate
Bellekeno Indicated Mineral Resource Estimate- Note eee Ee ce Mineral nso in this fi Tonnes Silver(gpt) Lead(%) Zinc(%) Silver (Oz) = ~™ 262,000 585 3.5% 5.3% 4.9 mil Bellekeno Potentially Mineable Tonnes in PEA** Tonnes _—Silver(gpt) Lead(%) Zine (%) 85,700 660 6.7% 4.2% Mine Blocks \ J fumeenss) p
Slide 18: History of Bellekeno and Keno Hill
ict, initiated exploration NYSE-MKT; symbol AXU ry’ of Bellekeno deposit n Agreement - $50 million and $3.90/oz for 25% * 2009 Bellekeno Construction Begins * 2010 Comprehensive Cooperation Agreement with First Nation * 2011 Bellekeno Mine Production — Three years discovery to production * 2012 52%
Slide 19: Senior Management and Board of Directors
SENIOR MANAGEMENT Alexco Environmental Group Vicki Veltkamp - Vice President, Investor Relations Clynton R. Nauman, B.Sc. - President & CEO w (Hons.) ° Brad A. Thrall, B.Sc., MBA - Executive Vice President, COO & feb) President, Alexco Environmental Group a David E. Whittle, C.A. - Senior Vice Presi
Slide 20: Investor Relations
Investor Relations: Clynton R. Nauman, President & CEO Vicki Veltkamp, Vice President, Investor Relations David Whittle, CFO Phone: (604) 633-4888 Email: info@alexcoresource.com Website: www.alexcoresource.com Vancouver Office: 1150 - 200 Granville Street 3 Vancouver, BC V6C 184 P. 604-633-4888 F. 6
Alexco Resource — Investor Presentation (September 2014) on 6ix