Candelaria Mining Corp. · TSXV:CAND.H
Candelaria Mining — Investor Presentation (November 2022)
26 slides from Candelaria Mining's investor presentation, November 2022
Slide 1: Developing Quality Gold Mines in Mexico
Developing Quality Gold Mines in Mexico Corporate Presentation TSX-V:CAND OTCQX:CDELF CANDELARIAMINING.COM Candelaria Mining | Corporate Presentation
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Statements: This presentation contains forward-looking information about Candelaria looking information contained in this presentation, whether as a result of new information, events or within the meaning of the Securities Act (British Columbia). Forward-looking
Slide 3: Highlights
Highlights • A gold explorer / developer / near-term producer in Mexico • Major exploration upside with flagship Caballo Blanco district, backed by strategic investor in Agnico Eagle, but with near-future downside protection of becoming a producer • Clear path to potentially becoming a +150,000 oz/y
Slide 4: Capital Ownership
Capital Ownership CAND: TSXV | CDELF: OTCQX Strategic Partner in Agnico Eagle* (Largest gold producer in Canada) Current Price (31 Oct., 2021) $ 0.44 Shares Outstanding (Basic) 147m Agnico Eagle 16% Market Capitalization $ 65m Management & Warrants @ 0.60 (4/2023 expiration) 2.1m Insiders Warrants @
Slide 5: Board and Management
Board and Management Management Non-Executive Directors Mike Struthers C.Eng. – CEO, Director Dr. Neil O’Brien Non-Executive Chairman Former CEO and current Director of Empire Metals; Former Projects Director Lundin Mining Consulting economic geologist and mining executive. Over three decades of min
Slide 6: Projects
Projects Caballo Blanco Pinos • Candelaria’s flagship asset, a large 100%-owned license • 100%-owned and fully permitted historical epithermal gold area with multi-million-ounce potential, in 3-4 mineralised vein complex; construction ready. epithermal/porphyry centres. • Multiple quartz-calcite vei
Slide 7: Project Locations – Mexico
Project Locations – Mexico Caballo Blanco, Veracruz Adv. Exploration, 100% Owned Advanced stage exploration / PEA. Highly prospective district; multiple high priority drill-ready targets. High and low sulphidation Au mineralization with favourable leaching kinetics; porphyry’s in south. Pinos, Zacat
Slide 8: Caballo Blanco Mineralised Epithermal / Porphyry District
Caballo Blanco Mineralised Epithermal / Porphyry District Veracruz, MX Candelaria Mining | Corporate Presentation
Slide 9: Caballo Blanco District
Caballo Blanco District • Excellent potential in 3-4 mineralised porphyry- epithermal centres, with multiple priority targets in 20k ha area. Northern Zone Magnetic High Ring La Paila • A potential mining camp, with excellent local infrastructure. Structure • Includes eastern extensions of the El Co
Slide 10: Caballo Blanco – Northern Zone
Caballo Blanco – Northern Zone La Paila and other IP Northern Zone anomalies located potential for on a large magnetic 2-3Moz Au high ring structure (a series of La that measures Paila’s) approx. 3km in Section A diameter La Paila – only target which outcrops, oxidized down to Section B 300m. Other
Slide 11: Caballo Blanco – Northern Zone
Caballo Blanco – Northern Zone Section 84400mN Approx. outline of pit- Section A constrained Resources IP Resistivity (above) and Chargeability (below) signatures at La Paila. Note extent of the initial pit-constrained resource. Candelaria Mining | Corporate Presentation 11
Slide 12: Caballo Blanco – Northern Zone
Caballo Blanco – Northern Zone Section 83200mN Section B Further south, Bandera North and Cerro Blanco have similar IP Resistivity (above) and Chargeability (below) signatures to La Paila Candelaria Mining | Corporate Presentation 12
Slide 13: Our Neighbours – Azucar Minerals / Newcrest
Our Neighbours – Azucar Minerals / Newcrest Newcrest Mining owns 19.99% of From: Azucar Minerals, NI 43-101 Technical Report, November 2020. Azucar Minerals – Their El Cobre “Mineral Resource Estimate on the El Cobre Copper-Gold-Silver Property, Veracruz State, Mexico”. Project is adjacent to Caball
Slide 14: Pinos Mine Construction Project & Exploration Upside
Pinos Mine Construction Project & Exploration Upside Zacatecas, MX Candelaria Mining | Corporate Presentation
Slide 15: Pinos Gold Project
Pinos Gold Project Excellent location in the highly productive Zacatecas gold & silver mining belt, the 2nd largest mining state in Mexico. Zacatecas makes Mexico the largest silver producer in the world. 52 shafts in whole district, 40km of underground workings. Property 29 concessions comprising 3
Slide 16: Multiple Vein Systems and Targets – Old & New
Multiple Vein Systems and Targets – Old & New Only 20% of licence area explored. Numerous small old mines scattered Initial Pinos throughout territory. Mine limits San Matias – Massive silica flooding above qtz stockworks +adularia above Potential to expand resources by chalcedonic veins +alunite. F
Slide 17: Detailed Mapping – Old Pinos
Detailed Mapping – Old Pinos Initial Mine Re-Start area San Miguel San Luis Shaft Natividad and San Francisco Area Natividad: Avg. 7 g/t Au along a 70m drift Arandas Area Griego Area Candelaria Shaft (297m) Old Shafts Historical mining mostly only extended down Penitas Area to the water table, appro
Slide 18: Pinos Mine Re-Start – Highlights (PEA, 2018)
Pinos Mine Re-Start – Highlights (PEA, 2018) Operating Metrics Financial Metrics • Underground cut-and-fill stoping with • Low pre-production capex for re-start backfill. (plant already acquired, and 90% of previous mine development • Platform of 13koz pa to build upon (1) accessible with only minor
Slide 19: Pinos Mine Construction Project
Pinos Mine Construction Project • Pinos Mine will be an underground cut-and-fill operation on multiple high-grade epithermal quartz-gold veins, followed by comminution, agitated leach, counter-current decantation, and Merrill-Crowe Au-Ag precipitation • 12-14 month construction schedule • Major cons
Slide 20: Pinos Mine Re-Start Strategy
Pinos Mine Re-Start Strategy Updated Structural Interpretations, Improving Grade Blending Opportunities, and Extending Higher Grade Areas • Significant extensions to known veins are economical today at lower grades than in the past. • 2018 PEA focussed on Penitas area due to ease of access and limit
Slide 21: New Target – El Africano
New Target – El Africano A Classic Low Sulphidation Next Steps: Epithermal Vein System Floats mapping, further Vein widths vary from 1 – 10m, detailed streams exposed for 500m and continues mapping, trenching etc under cover. Channel samples up Geophysics (IP) to 9 g/t Au. Diamond drilling
Slide 22: New Target – San Matias
New Target – San Matias Major Low-Sulphidation Next Steps Gold Anomaly Related to Additional detailed soils Rhyolitic Porphyries – 3 x geochemistry 2km Detailed exposures Extensive hydrothermal alteration mapping zones exposed at surface, with Geophysics disseminated / stockwork (0.1 – 4.0 g
Slide 23: Stakeholder Relations
Stakeholder Relations • Zacatecas is one of the premier mining states in Mexico, and Candelaria has excellent local relationships and community support. • By contrast Veracruz is an oil and gas State and not a traditional mining destination. Therefore, essential to engage early and effectively with
Slide 24: Catalysts
Catalysts Q1 2022 Q1 – Q3 2022 Q4 2022 Q1 2023 • Start Drilling at Caballo • Regular newsflow from • Conclude Phase 1 • La Paila PFS Blanco Caballo Blanco drilling drilling Caballo Blanco • Potential Pinos start and Pinos Northern Zone • Pinos Infill and Testing production In-Mine High-Grade • Concl
Slide 25: Summary
Summary • The Caballo Blanco District, the company’s flagship asset, has the potential to develop multi-million ounce gold resources at a series of high-priority targets, and may define a pathway to becoming a +150koz pa gold producer. • Agnico Eagle’s support for the Caballo Blanco project increase
Slide 26: Thank You
Thank You Vancouver Office Suite 1201 – 1166 Alberni Street Vancouver, BC V6E 3Z3 Canada Email: info@candelariamining.com Phone: 604-349-5992 Fax: 604-682-5596 TSX-V:CAND OTC PINK:CDELF CANDELARIAMINING.COM Candelaria Mining | Corporate Presentation
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