Emerald Resources Nl · ASX:EMR
Emerald Resources Nl — Shareholder Meeting (November 2023)
23 slides from Emerald Resources Nl's shareholder meeting presentation, Nov 29, 2023
Slide 1: Emerald Resources NL AGM Presentation
Emerald Resources NL AGM Presentation November 2023 ASX:EMR
Slide 2: Presentation Disclaimer
Presentation Disclaimer DISCLAIMER These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have been prepared by Emerald Resources NL (Emerald or the Company) as at 29 November 2023 and statements are current only as at that date. Information in t
Slide 3: Highlights - 2023
Highlights - 2023 1. 2023 – A Reflection of A Stellar Year Transition of Chairman - We thank our outgoing Chairman Simon Lee AO for his outstanding leadership; - We welcome Jay Hughes into the role of Chairman; and - We welcome Michael Bowen to the Board. Executive Leadership Team We thank our E
Slide 4: Highlights – 2023 (continued)
Highlights – 2023 (continued) 3. Company Growth – Second and Third Projects Bullseye Mining Limited 76.5% Emerald owned, expect current bid to close early 2024; North Laverton Gold Project Maiden* resource expected first quarter 2024; Significant intersections from past 12 months include: - 15
Slide 5: Why Invest in Emerald?
Why Invest in Emerald? KEY TAKEAWAY: Organic pathway to become a multiple mine, +300koz pa gold producer with no further dilution to shareholders RIGHT Board and management team - development and operation - with a history of TEAM delivery: - A history of success spanning ~ 30 years; - In house de
Slide 6: Emerald at a Glance
Emerald at a Glance Capital Structure Shareholder Structure ASX Code EMR Retail & High Net Institutional Investors Share Price $2.61¹ Worth Investors 47% 33% Market Cap (undiluted) A$1.6B 1 Share Price as at 28 November 2023. There are also 15.3M unlisted options on issue with exercise prices rangin
Slide 7: Key Assets – producing mine with two more to build
Key Assets – producing mine with two more to build Okvau Gold Producing asset with robust cash flows; Mine Produced 225koz to Sept 2023 since commissioning in Sept 2021 (Project to date: (Emerald – 100%) 238koz); AISC of US$788/oz since commissioning; Operating cash flow of US$80 million for
Slide 8: Okvau Gold Mine
Okvau Gold Mine Location Mondulkiri Province, Cambodia Ownership 100% Emerald (ultimate parent entity) Type Open pit mining Initial Indicated and Inferred Mineral Resource Resource Estimate of 1.06Moz at 1.91g/t Au (March 2021) Initial Reserve 14.3Mt & 2.0g/t Au for 0.9Mozs in a single (March 2021)
Slide 9: Cambodian Exploration Upside
Cambodian Exploration Upside Okvau reserve expansion; Okvau near mine - Samnang, Preak Klong, Antrong; Memot – potential high grade second Cambodian operation; Regional exploration potential – 1,639 km² of prospective tenure. ASX: EMR | www.emeraldresources.com.au 9
Slide 10: Okvau Resource Growth
Okvau Resource Growth Southern Eastern Depth Extension Eastern Feeder Zone Mineralisation 10m @ 9.67g/t Au from 411m (DD12OKV108); 10m @ 14.17g/t Au from 258m (RCDD22OKV449); 11m @ 8.40g/t Au from 399m (DD11OKV091); 15m @ 11.92g/t Au from 143m (RC19OKV390); 6m @ 14.10g/t Au from 323m (RCDD
Slide 11: Regional Exploration Potential
Regional Exploration Potential Dominant land position of 1,639 km² covering a north-west trending zone of granitoid intrusions; Multiple Gold occurrences with direct associations with intrusions with pathfinder multi-elements (bismuth, arsenic, tellurium). Antrong North Phnom Ktung Licence (Earn
Slide 12: Memot Gold Project – Ongoing Maiden Drilling Program
Memot Gold Project – Ongoing Maiden Drilling Program Refer to the Company’s ASX Announcements dated 29 July 2022, 30 January 2022, 29 April 2022. ASX: EMR | www.emeraldresources.com.au 12
Slide 13: Memot Gold Project – Ongoing Maiden Drilling Program
Memot Gold Project – Ongoing Maiden Drilling Program Drilling results on the Memot Gold Project include the following: Historical Results Recent EMR results 0.3m @ 145.00g/t Au from 14.2m (ML3); 5m @ 15.36g/t Au from 210m (DD23MMT136); 3.54m @ 10.30g/t Au from 0m (ZK8-1); 2m @ 23.29g/t Au fr
Slide 14: Australian Exploration Upside
Australian Exploration Upside Bullseye Mining Limited (Emerald 76.5% with takeover underway) Two projects with 1,200 km² of prospective tenure; North Laverton Gold Project 800km2 of tenure covering entire Dingo Range Greenstone Belt; 6.4km Boundary-Bungarra mineralised zone; Additional resou
Slide 15: Bullseye Projects and Location
Bullseye Projects and Location Bullseye holds two Western Australian gold projects, totaling in excess of 1,200km2 of highly prospective gold tenure; Their most advanced project is the North Laverton Gold Project: - located in Western Australia, within one of the world’s richest and most establi
Slide 16: North Laverton – Boundary-Bungarra Prospect
North Laverton – Boundary-Bungarra Prospect The North Laverton Gold Projects most advanced prospect is the Boundary-Bungarra Prospect:- Four granted mining licences covering 36km2 over the Boundary-Bungarra Prospect; JORC compliant resource calculated in 2015 based on limited shallow (average to
Slide 17: North Laverton – Boundary-Bungarra Prospect
North Laverton – Boundary-Bungarra Prospect 98,000m resource definition drilling program underway; Following up existing significant results across ~114,000m of existing drilling, completed to an average depth of ~120m. Significant intersections over the Boundary-Bungarra Prospect to date includ
Slide 18: North Laverton – Boundary-Bungarra Long Sections
North Laverton – Boundary-Bungarra Long Sections Long Section of the Boundary, Neptune and Stirling Prospects Refer to the Company’s ASX Announcement dated 30 October 2023. ASX: EMR | www.emeraldresources.com.au 18
Slide 19: North Laverton – Boundary-Bungarra Long Sections
North Laverton – Boundary-Bungarra Long Sections Long Section of the Hurleys and Bungarra Prospects Refer to the Company’s ASX Announcement dated 15 July 2022. ASX: EMR | www.emeraldresources.com.au 19
Slide 20: Environmental & Social Values
Environmental & Social Values Emerald is to have a (net) positive impact on near-mine environmental and social values through: Setting the benchmark for an environmentally & socially responsible, sustainable and transparent mining industry in Cambodia; Commitment to carbon neutral operations in
Slide 21: Upcoming Developments
Upcoming Developments Q4 2023 Memot maiden resource Ongoing North Laverton drilling results Ongoing Memot drilling results Ongoing Near mine Okvau Gold Mine drilling results Q1 2024 North Laverton resource update Q2 2024 Okvau resource update Q3 2024 North Laverton feasibility study and decision to
Slide 22: Key Takeaways
Key Takeaways RIGHT Board and management team - development and operation - with a history of TEAM delivery: - A history of success spanning ~ 30 years; - In house development team delivered 5 projects in Australia, Cambodia and Ivory Coast in past 15 years; - All 5 projects delivered on time and
Slide 23: Thank You
Thank You ASX: EMR | www.emeraldresources.com.au 23
Emerald Resources NL — Shareholder Meeting (November 2023) on 6ix