Belo Sun Mining Corp. · TSX:BSX
Belo Sun Mining — Investor Presentation (January 2015)
38 slides from Belo Sun Mining's investor presentation, January 2015
Slide 1: Corporate Presentation
Corporate Presentation High-Grade Gold Project in Prolific January 2015 Mining Trend in Northern Brazil TSX: BSX
Slide 2: Cautionary Notes
Cautionary Notes All statements, other than statements of historical fact, contained or incorporated by reference in this presentation, but not limited to, any information as to the future financial or operating performance of Belo Sun, constitute ‘‘forward-looking information’’ or ‘‘forward-looking
Slide 3: Company Overview
Company Overview • Developing the Volta Grande project in friendly mining jurisdiction of Brazil • Project located in a prolific mining district • Significant mineral growth under new management since 2011 • Strong technical and capital markets teams to advance project to construction TSX: BSX | 3
Slide 4: Capital Structure
Capital Structure Capitalization Summary: Shares Outstanding 297.1 million Fully Diluted 320 million Stock Performance: Share Price $0.25* Market Capitalization $74 million 52 Week High & Low $0.57- $0.11 Average Daily Volume (3 month) 1,000,000 Cash & Cash Equivalents: $9.2 million** *As at Jan 7th
Slide 5: Projects & Regional Mines
Projects & Regional Mines Volta Grande Project 5
Slide 6: Volta Grande Project Location
Volta Grande Project Location 6
Slide 7: Volta Grande Camp Site
Volta Grande Camp Site TSX: BSX | 7
Slide 8: Volta Grande Mine Site
Volta Grande Mine Site TSX: BSX | 8
Slide 9: Resource Expansion (2009 to 2013)
Resource Expansion (2009 to 2013) * For the Purposes of the PEA only measured and indicated resources were included in the PEA mine design. Mineral resources that are not mineral reserves do not have demonstrated economic viability. TSX: BSX 9
Slide 10: Volta Grande Mineral Deposit (Oct 2013)
Volta Grande Mineral Deposit (Oct 2013) Ouro Verde Measured & Indicated: 44.1 Mt (2.4M oz) Ouro Verde @ 1.70 g/t Au Inferred: 22.6 Mt (1.1M oz) @ 1.48 g/t Au Grota Seca Measured & Indicated: 47.1 Mt (2.4M oz) @ 1.59 g/t Au Inferred: 18.3 Mt (1M oz) Grota Seca @ 1.59 g/t Au Volta Grande Total Measure
Slide 11: Volta Grande Mineral Deposit
Volta Grande Mineral Deposit Ouro Verde Grota Seca TSX: BSX | 11
Slide 12: Ouro Verde
Ouro Verde 270 m High Grade Zone Sec 975NW Sec 475NW TSX: BSX | 12
Slide 13: Grota Seca
Grota Seca Sec 2050W Sec 1725W High Grade Zone near surface related 190m to the general trend within Ouro Verde • 1.50 ppm cut-off • 41 drill holes • 487 samples • Thickness: max=16m, min=2m, Avg=8m 325m TSX: BSX | 13
Slide 14: Grota Seca (“Galo” Area)
Grota Seca (“Galo” Area) Sec 800W Sec 525W Main structural controls High Grade Zone related to “Galo” trend within Ouro Verde • 1.50 ppm cut-off • 42 drill holes • 377 samples • Thickness to be modeled
Slide 15: Ouro Verde
Ouro Verde Block Model Cross Section 900 NW SW NE 0m MR Open Pit 70m Mining - Saprolite US$/t 1.06 Mining - Fresh rock Open Pit US$/t 1.41 g/t Au Processing US$/t 11.98 G&A US$/t 2.89 50m -200m 190m Au recovery - Saprolite % 94 Au recovery - Fresh Rock % 94 Selling cost US$ / Oz 13.82 Au Price US$ /
Slide 16: Ouro Verde
Ouro Verde Block Model Cross Section 525 NW SW NE 120m 0m 60m MR Open Pit g/t Au 150m Mining - Saprolite US$/t 1.06 Mining - Fresh rock Open Pit US$/t 1.41 Processing US$/t 11.98 G&A US$/t 2.89 -200m Au recovery - Saprolite % 94 Au recovery - Fresh Rock % 94 Selling cost US$ / Oz 13.82 Au Price US$
Slide 17: Ouro Verde
Ouro Verde Block Model Cross Section 300 NW SW NE 0m 25m 120m MR Open Pit g/t Au Mining - Saprolite US$/t 1.06 70m Mining - Fresh rock Open Pit US$/t 1.41 Processing US$/t 11.98 G&A US$/t 2.89 Au recovery - Saprolite % 94 Au recovery - Fresh Rock % 94 -200m Selling cost US$ / Oz 13.82 Au Price US$ /
Slide 18: Grota Seca
Grota Seca Block Model Cross Section 2575 W SSW NNE MR Open Pit Mining - Saprolite US$/t 1.06 Mining - Fresh rock Open Pit US$/t 1.41 Processing US$/t 11.98 G&A US$/t 2.89 Au recovery - Saprolite % 94 Au recovery - Fresh Rock % 94 Selling cost US$ / Oz 13.82 Au Price US$ / Oz 1,400.00 Block Size: 12
Slide 19: Grota Seca
Grota Seca Block Model Cross Section 1875 W SSW NNE 75m 0m g/t Au 90m MR Open Pit Mining - Saprolite US$/t 1.06 -200m Mining - Fresh rock Open Pit US$/t 1.41 Processing US$/t 11.98 G&A US$/t 2.89 Au recovery - Saprolite % 94 Au recovery - Fresh Rock % 94 30m Selling cost US$ / Oz 13.82 Au Price US$
Slide 20: Grota Seca
Grota Seca Block Model Cross Section 825 W SSW NNE 130m 190m g/t Au 0m MR Open Pit -200m Mining - Saprolite US$/t 1.06 Mining - Fresh rock Open Pit US$/t 1.41 60m Processing US$/t 11.98 G&A US$/t 2.89 Au recovery - Saprolite % 94 Au recovery - Fresh Rock % 94 Selling cost US$ / Oz 13.82 Au Price US$
Slide 21: Breakdown by Elevation
Breakdown by Elevation VGP - Pit Constrained MR – Sep 2013 (Belo Sun) Tonnage AU_CUT_OK ELEVATION Au Oz T x 1000 g/t 100MD 2,064.839 1.65 109,696 90MD 2,483.037 1.63 130,030 80MD 2,799.670 1.68 150,979 70MD 3,078.703 1.71 169,315 60MD 3,197.871 1.73 177,571 50MD 3,158.016 1.73 175,800 40MD 3,081.058
Slide 22: Engineering & Technical Studies
Engineering & Technical Studies
Slide 23: Project Layout
JN MINING D> / 4 BELOFUN t Layout Projec 397,500 me 23 TSX: BSX |
Slide 24: Mill Layout
4 ; ~ Mill Layout BELOV oN MINING TSX:BSX | 24
Slide 25: Proposed Location of Plant Facility
Proposed Location of Plant Facility Excellent topography
Slide 26: Flowsheet
Flowsheet CRUSHING THICKENING STOCKPILE CARBON IN LEACH CYANIDE DETOX SEMI AUTOGENOUS ELUTION CARBON MILLING, BALL REGENERATION MILLING TAILINGS TREATMENT GRAVITY SEPARATION ELECTROWINNING INTENSIVE LEACHING SMELTING DORE BARS TSX: BSX | 26
Slide 27: Mill Flow Diagram
Mill Flow Diagram TSX: BSX | 27
Slide 28: Volta Grande Process Plant Parameters
Volta Grande Process Plant Parameters Annual Processing Rate 3,000,000 t/y Daily throughput 8,220 t/d Design feed rate for crusher circuit 457 t/h Design feed rate for Mill/Leach circuit 376 t/h Overall Plant recovery avg. 94 % Primary Jaw Crusher 1 unit Product P80 150 mm SAG Mill 30 ft diam. X 15
Slide 29: Regional Geology & Exploration Upside
Regional Geology & Exploration Upside
Slide 30: Mineral Growth Opportunities
Mineral Growth Opportunities Target Areas for future *South Block Inferred Resource Estimate resource expansion -Indicated Pit Constrained – 2.5M tonnes @ 3.06 g/t Au containing 246k oz Au -Inferred Pit Constrained – 2.9M tonnes @ 3.94 g/t Au containing 370k oz Au -Indicated Underground – 24k tonnes
Slide 31: Extensive Greenstone Belt
Extensive Greenstone Belt Jatoba BSX airborne survey limit 11 DDH = 2,389m + auger drilling 11m @ 0.3 % Cu (up to 1.38% Cu) Geotem-mag airborne survey 28 km road access from Itata to BUMA grid soil sampling: up to 189 ppb Au (1km line spacing) Garimpinho 79.5 g/t Au in diorite Surubim Buma * 7
Slide 32: Recent & Upcoming Milestones
Recent & Upcoming Milestones Recent Milestones Receipt of Environmental Impact Assessment approval December 2013 Receipt of Preliminary License (LP) February 2014 Released PEA – Staged approach Upcoming Targets • Drill program on high grade Galo target • Complete DFS, using expanded resource •
Slide 33: Belo Sun vs. Peers
Belo Sun vs. Peers 1.1x 1.1x 0.8x 0.8x 0.7x 0.7x 0.7x 0.7x 0.6x 0.5x 0.5x 0.5x 0.4x Midas Probe Romarco Rubicon Lydian Sulliden Sabina Guyana Pretium Torex Peer Median Belo Sun Int. Producer Peer Median Source: BMO Capital Markets - Bloomberg and select Street Research, March 20th, 2014 Note: Interm
Slide 34: Appendices
Appendices
Slide 35: Belo Monte Dam Construction
Belo Monte Dam Construction
Slide 36: Independent Research Coverage
Independent Research Coverage TD Securities Dan Earle CIBC Jeff Killeen BMO Capital Markets Brian Quast National Bank Financial Shane Nagle Cormark Securities Richard Gray Canaccord Genuity Eric Zaunscherb Dundee Capital Markets Joseph Fazzini Macquarie Capital Markets Michael Gray Scotiabank Global
Slide 37: Patrocinio Project - Tapajos District
Patrocinio Project - Tapajos District • More than one million ounces of historical gold production at Patrocinio • 3.0 km by 1.5 km soil geochemical anomaly defined • Grab samples have returned gold values up to 37 g/t in granite and up to 67 g/t in veins • IP geophysical survey completed • 1,500 me
Slide 38: Corporate Headquarters / Investor Relations
Corporate Headquarters Investor Relations 65 Queen Street W. Helia Bento TSX: BSX Suite 800 +1 (416) 309-2137 belosun.com Toronto, ON M5H 2M5 hbento@belosun.com
Belo Sun Mining — Investor Presentation (January 2015) on 6ix