Emerita Resources Corp. · TSXV:EMO
Emerita Resources — Investor Presentation (October 2023)
27 slides from Emerita Resources's investor presentation, October 2023
Slide 1: Developing High Grade Polymetallic Deposits in Spain
Developing High Grade Polymetallic Deposits in Spain October 2023 TSX-V: EMO Frankfurt: LLJA OTCQB: EMOTF
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains, or incorporates by reference, “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, statements with respect to the future performance of Em
Slide 3: Why Invest in Emerita Resources?
WHY INVEST IN EMERITA RESOURCES? Initial Mineral Resource Estimate Released (1) ▪ Iberian Belt West project NI 43-101 Resource Estimate: 14.07 MT Indicated Resource grading 7.63% ZnEq (3.29% Zn, 1.66% Pb, 0.46% Cu, 75.2 g/t Ag and 1.39 g/t Au) and 4.71 MT Inferred Resource grading 9.29% ZnEq (4.70%
Slide 4: A Historic Mining District
A HISTORIC MINING DISTRICT Spain Portugal ▪ The Iberian Pyrite Belt is located just southwest of the Iberian Peninsula, bordering Portugal and Spain forming an arch ~240 km long and ~35 km wide between Seville (Spain) in the west and Grándola (Portugal) in the east ▪ One of the most important volcan
Slide 5: Iberian Belt West Project - Andalucía, Spain
IBERIAN BELT WEST PROJECT - ANDALUCÍA, SPAIN Aguas Teñidas Neves-Corvo (63KM from IBW) Rio Tinto Nuevo Tintillo Portugal Iberian Belt West Las Cruces Aznalcóllar (Pending) INFRASTRUCTURE ▪ Paved roads, railways, and ports near; land package at IBW totals 23.94 km² ▪ Support by Andalucian government
Slide 6: Iberian Belt West Project – Submission for Exploitation License
IBERIAN BELT WEST PROJECT – SUBMISSION FOR EXPLOITATION LICENSE Filing the exploitation license application for our flagship IBW Project grants Emerita a 30-year term and can be extended for two subsequent 30-year terms for continued development Specific Extending Current Documentation Exploration E
Slide 7: 2023 Maiden Resource Estimate – Key Highlights
2023 MAIDEN RESOURCE ESTIMATE – KEY HIGHLIGHTS The Initial Mineral Resource Estimate ▪ Delineated a high-grade deposit Average Grade • Indicated resource of 14.07MM tonnes at Tonnes Cu 7.63% ZnEq* Deposit Class Zn (%) Pb (%) Ag (g/t) Au (g/t) ZnEq % (Mt) (%) • Inferred resource of 4.71MM tonnes at I
Slide 8: La Romanera – A Near Surface High-Grade Deposit
LA ROMANERA – A NEAR SURFACE HIGH-GRADE DEPOSIT 13 Mt Inferred and 3.14 Mt Indicated Resource (1) ▪ La Romanera mineral resource estimate was calculated using data from 144 holes comprising 52,750 meters of drilling ▪ La Romanera starts at or near surface and remains open for expansion at depth and
Slide 9: Emerita vs. Our Peers
ZnEq Grades (After Recovery) Total Contained Tonnage EMO ZnEq Grade (Inferred after recovery factors) EMERITA VS. OUR PEERS In-Situ Grade EMO ZnEq Grade (Indicated after recovery factors) 10.3% ZnEq 8.96% ZnEq 7.69% ZnEq 6.23% 7.63% ZnEq 9.76% 65.1 65.1 ZnEq ZnEq Mt 51.3 51.3 9.29% Mt 36.2 ZnEq Mt M
Slide 10: La Romanera Mineralization and Longitudinal Sections
LA ROMANERA MINERALIZATION AND LONGITUDINAL SECTIONS Open Open Drill hole spacing to achieve Indicated Both the Upper and Lower lenses at resources at maximum 50 meter La Romanera remain open for further spacing expansion with drilling continuing (1) Emerita Resources’ zinc equivalent (ZnEq) grades
Slide 11: La Romanera - Deepest Drill Holes to Date Intercepting High-Grade Copper
LA ROMANERA - DEEPEST DRILL HOLES TO DATE INTERCEPTING HIGH-GRADE COPPER SIGNIFICANT HIGHLIGHTS (1) Drill Depth Depth Width Cu Pb Zn Au Ag Hole From (m) To (m) (m) (%) (%) (%) (g/t) (g/t) LR152 647.7 716.2 68.5 1.0 0.0 0.2 0.28 5.9 Incl. 661.9 673.6 11.7 2.9 0.0 0.0 0.28 7.9 Incl. 707.5 716.2 8.7 2.
Slide 12: La Romanera – Mineralization at Significant Depths
LA ROMANERA –MINERALIZATION AT SIGNIFICANT DEPTHS SIGNIFICANT HIGHLIGHTS (1) Drill Depth Depth Width Cu Pb Zn Au Ag Hole From (m) To (m) (m) (%) (%) (%) (g/t) (g/t) LR154 640.0 667.5 27.6 0.5 0.6 1.5 1.49 25.5 Incl. 653.9 660.2 6.3 0.8 1.6 3.9 2.82 52.0 LR155 725.9 743.1 17.2 0.2 0.5 1.3 0.34 19.5 I
Slide 13: La Infanta Mineralization and Longitudinal Section
LA INFANTA MINERALIZATION AND LONGITUDINAL SECTION 01 1.07 Mt indicated and 1.56 inferred initial resource. Indicated resources at La Infanta correspond to the shallower portions of the South and North Blocks 02 In order to be included in the resource estimate intercepts at La Infanta had to be abov
Slide 14: El Cura Initial Exploration Results
EL CURA INITIAL EXPLORATION RESULTS Initial drilling indicates Initial plan is to target Hole EC003 mineralization extends mineralization below intercepted 9 meters to at least 200 meters historical workings. of mineralization, of depth with assays 2,800 meters and 10 which approximately pending dia
Slide 15: Nuevo Tintillo Project – Past Producing Land Package
NUEVO TINTILLO PROJECT – PAST PRODUCING LAND PACKAGE GEOLOGICAL MAP (NUEVO TINTILLO) (1) 100% owned property, on 1 trend with producing mines in the region 3 past producers and 5 other known metal occurrence 2 within the property boundary Aguas Tenidas, Rio Tinto to the northwest and 3 Aznalcollar a
Slide 16: Nuevo Tintillo Project – Airborne Survey Highlights
NUEVO TINTILLO PROJECT – AIRBORNE SURVEY (JULY 20TH, 2022 HIGHLIGHTS) At least 15 targets associated with high priority conductors On the west side of the Project, the strongest conductors are were identified and focuses on the west side of the property in coincident with the location of the past pr
Slide 17: Nuevo Tintillo Project – Expansion to 14,500 Hectares
NUEVO TINTILLO PROJECT – EXPANSION TO 14,500 HECTARES Adjacent to Large Additional Base Metal Minimal 7,625 Hectares Deposits Exploration The additional land Recent field mapping and Nuevo Tintillo has seen package is on trend with sampling programs have little modern exploration many of the identif
Slide 18: Nuevo Tintillo - Initiating Our 3,000 Meter Drill Campaign
NUEVO TINTILLO - INITIATING OUR 3,000 METER DRILL CAMPAIGN The initial Drill Program will focus on 6 priority targets identified on the west side of the Project, nearest to the Rio Tinto mine and comprise approximately 3,000 meters in the initial evaluation phase. Subsequent drilling will be budgete
Slide 19: Aznalcollar Project – Andalucía, Spain
AZNALCOLLAR PROJECT(2) – ANDALUCÍA, SPAIN PROJECT SUMMARY (1) HIGH-GRADE DEPTH EXTENSIONS ▪ One of world’s best undeveloped zinc deposits and a past open-pit producer. Contains 2 deposits – Los Frailes and Aznalcollar, with a 3rd unmined VMS lens nearby ▪ Los Frailes mine originally contained ~73 Mt
Slide 20: Aznalcollar Project – Three Known Polymetallic VMS Deposits
AZNALCOLLAR PROJECT – THREE KNOWN POLYMETALLIC VMS DEPOSITS GEOLOGICAL SOLID MODEL AND UNDERGROUND PLAN (1) The high-grade portion of the historical resource(1) is entirely within the Los Frailes deposit. Past producing Aznalcollar deposit and a Un-Mined 3rd Los Frailes Aznalcollar 3rd deposit also
Slide 21: Aznalcollar Project – Los Frailes Cross Section and DDH Results
AZNALCOLLAR PROJECT – LOS FRAILES CROSS SECTION AND DDH 106 RESULTS (1) DDH Results Zn Eq% Zn% Pb% Cu% Ag ppm Deposits drilled to shallow open pit depths only and constrained due to high strip ratio. High grade continues beyond current drilling. The deposit is 40 meters thick at the deepest drill ho
Slide 22: European Union Commits to Securing Critical Minerals
EUROPEAN UNION COMMITS TO SECURING CRITICAL MINERALS Producing & Sourcing Only Local EU Minerals o 10% of annual consumption should be mined in the EU, 15% coming from recycling, and 40% should be refined within the bloc by 2030 Expedited Permitting o Special treatment for “strategic & Financial Sup
Slide 23: Iberian Belt West, Exceptional Business Climate – EU Investment in Critical Minerals
IBERIAN BELT WEST, EXCEPTIONAL BUSINESS CLIMATE – EU INVESTMENT IN CRITICAL MINERALS (1) “EU acts to secure access to critical raw materials” dated April 17th, 2023, The Economist Intelligence TSX-V: EMO (2) “Andalusian Government Plans to Boost Mining Sector” dated December 19th, 2022, SUR English
Slide 24: Near Term Targets/Next Steps
NEAR TERM TARGETS/NEXT STEPS La Romanera and La Infanta deposits occur approximately 6km from each other. Drilling continues at La Romanera and has recently commenced at El Cura which lies between La Romanera and La Infanta. Metallurgy work is currently commencing that will validate a future economi
Slide 25: Appendix
Appendix
Slide 26: Board of Directors
BOARD OF DIRECTORS Lawrence Guy Larry Guy is a Managing Director with Next Edge Capital focused on driving the business forward via strategic partnerships, Chairman corporate development, and development of new products. Previously, Mr. Guy was a Vice President with Purpose Investments having joined
Slide 27: Share Capital Structure and Management
SHARE CAPITAL STRUCTURE AND MANAGEMENT CAPITALIZATION (IN MILLIONS) David Gower Mr. Gower is a founding director of Emerita and has held Executive and Director (P.Geo.) positions with several junior and midsize mining companies for the past 12 years, Basic Shares Outstanding 234.82 CEO and Director
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