Meridian Mining Plc · TSX:MNO
Meridian Mining — Meridian Mining UK S — Investor Presentation (July 2021)
32 slides from Meridian Mining's investor presentation, July 2021
Slide 1: Re-emergence of the Cabaçal Copper-Gold VMS Camp
Re-emergence of the Cabaçal Copper-Gold VMS Camp TSX.V MNO Corporate Presentation, July 2021 meridianmining.co
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain of the statements made and information contained herein is “forward-looking information” within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitu
Slide 3: Cabaçal Copper-Gold VMS Project
CABAÇAL Cabaçal Copper-Gold VMS Project • Cabaçal VMS Belt includes: CABAÇAL PROJECT – NATIONAL, REGIONAL & LOCAL SETTING ^ o Polymetallic VMS system Cu-Au + Ag-Zn-Pb o Tenements cover 36 km of semi-contiguous strike length BRAZIL o Two historic high-grade mines in 14km mine corridor o Extensive his
Slide 4: Modern Exploration: Expanding on historic data
CABAÇAL Modern Exploration: Expanding on historic data Low risk, pre-defined Copper-Gold mineralized envelope at Cabaçal Central zone provides for open pit resource development and expansion Cabaçal has defined Historic high-grade Initial drill program multiple thick shallow underground mine involve
Slide 5: 2021 Resource Development Program
CABAÇAL 2021 Resource Development Program 1 10km Drill program underway with three drill rigs on site ^ MAP OF HISTORIC CABAÇAL MINE HIGHLIGHTS OF CABAÇAL ASSAYS PUBLISHED TO DATE1 ^ Grade Hole ID Zone Intercept From CuEq Cu Au Ag Zn Pb Zone (m) (%) (%) (g/t) (g/t) (%) (%) (m) CD-024 SCZ 9.5 0.4 0.4
Slide 6: Optimal shallow open-pit geometry
CABAÇAL Optimal shallow open-pit geometry • Long section illustrates the A A’ broad zones of coalescing Copper Gold mineralisation at shallow depths LONG-SECTIONS THROUGH CABAÇAL - HOLE TRACES COLORED BY CUEQ (PCT), PRE-MINING 1 See Press Release 28th & 15th June 2021 • Historical selective mining f
Slide 7: Vectoring drilling and mapping Copper potential
CABAÇAL Vectoring drilling and mapping Copper potential ^ Hole ID Intercept Grade From SECTION WITH HOLE TRACES COLOURED BY CUEQ GRADE RANGES : CD-003; CD-023 TO CD-024 CuEq C C’ Drilling to date confirms broad, (m) (%) (m) stacked layers of Cu-Au CD-025 35.4 1.4 106.0 Mineralization including highe
Slide 8: Potential for expansion of the historic resource
CABAÇAL Potential for expansion of the historic resource • Historic resource • 21.7Mt @ 0.6% Cu & 0.6g/t Au1 • Historic resource criteria 2009 RESOURCE MODEL (FALCON) • 0.20% CuEquiv % cut off grade • Assumed metallurgical recovery - 85% Cu & 65% Au • Gold price USD 845 /oz; Copper price USD 4,000 /
Slide 9: Cabaçal Central potential extended to 3.7 km
CABAÇAL Cabaçal Central potential extended to 3.7 km Cabaçal Soil, Geophysics and Drilling outlining Northwest the growth potential at Cabaçal Conductors • Surface EM program for Cabaçal West started to produce drill targets • “Cabaçal” type EM response defines multiple new near mine targets Cabaçal
Slide 10: Mine Corridor Exploration
Mine Corridor Exploration CABAÇAL Program Cabaçal Northwest Mine Corridor: Advanced Exploration Conductors • CabaçalMine Cabaçal project has multiple centers of EM clusters coincident Cabaçal with significant Copper-Gold geochemical anomalies or drill Northwest VMS:Conductors Cu-Au-Ag (+Zn-Pb) resul
Slide 11: New Regional Targets
CABAÇAL New Regional Targets Meridian secures significant land CABAÇAL position within an emerging JAURÚ & PROJECT copper-gold province1 ARAPUTANGA PROJECTS Southern extension of Cabaçal Copper-Gold • VMS belt secured The historical copper-geochemical anomaly • defined by BP in the 1980’s at the sou
Slide 12: Development Timeline
CABAÇAL Development Timeline TIMELINE Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Database Enhancement Program Digital Capture of additional density, logging, sampling metadata Aerial Drone survey; update aeiral photography Updated releief model Georegister key Cabacal historical maps; d
Slide 13: Global Thinking Local Action
L E A D I N G C O M M U N I T Y BASED ESG A N D SDG PR OG RAM Global Thinking Local Action Corporate Social Responsibility (CSR): • CSR focuses on developing an open and transparent relationship with all stakeholders • Community engagement program managed by in-house Legal & Land management team • P
Slide 14: Board of Directors, Executive Management & Advisory Board
B OARD OF DIRECTORS, EXECUTIVE MANAGEMENT & A DVISORY B OARD G I L B E RT C L A RK SORAIA MORAIS A F O N S O F I G U E I RED O Executive Chairman Chief Financial Officer Geologist +25 years experience + 15 years experience 50 years experience A D R I A N M C A RT HU R VITOR B E L O ROCKY OSBORNE CEO
Slide 15: Selected Financial Information
SELECTED F I N A N C I A L I N F O R M A T I O N Meridian Mining UK S Corporate Structure1 • Meridian Mining UK S listed on the TSX Venture Exchange (Ticker: MNO) — Management ownership – 8.1 million shares, 3.5 million warrants and 10.4m options Shares Outstanding 126.9 m — Top 10 shareholders ~ 40
Slide 16: Appendix
APPENDIX MNO meridianmining.co
Slide 17: Brazil: A Mining Country – Copper-Gold Sector
BRAZIL: A M I N I N G COUNTRY – COPPER-G OLD SECTOR Brazil Hosts Several Large Base N Metal Mines, Development Assets, and Exploration Frontiers • ERO Copper successfully restructured a historic mining complex to produce ~40ktpa Cu, and are currently executing a large scale exploration program • Ang
Slide 18: Defining the Industry's Next VMS Camp
DEFI NI NG THE I NDUSTRY’S NEXT VMS CAMP Cabaçal VMS Project Analogues Proposed extent of alteration system Hypothetical alteration area of influence • Cabaçal is a camp scale VMS project underexplored and under-developed 5km compared to analogue camps • VMS deposits tend to form periodically, relat
Slide 19: Project Development Vs. Metals Pricing Over Time
CABAÇAL Project Dev elopm en t Vs. Metals Pricing Over T i m e Timing and History are Crucial in Mining Transactions and Value Creation Vendors St Helena mine St Helena closed 2,500 underground 5.0 Cabaçal mining starts underground Cabaçal acquired by 4.5 mining starts Meridian Cabaçal 2,000 sold to
Slide 20: VMS Camps: Importance of Modern Exploration Techniques
VMS Camps: I m p o r t a n c e of CABAÇAL M o d e r n Exploration Techniques Flin Flon Greenstone Belt Mine Life The Technical Evolution & Discovery Methods • First discovery identified through prospecting (David Collins - Tom Creighton, 1914) Method Used Geophysical • Early mapping and geochemistry
Slide 21: Cabaçal Historical Operation
CABAÇAL Cabaçal Historical Operation 1 EXAMPLE OF FLOATATION SEPARATING CU AND ZN CONCENTRATES - ST HELENA MINE ^ Cabaçal Historical Production • Cabaçal underground mine operated by BP Minerals / Rio Tinto from 1987 to 1991 producing 869,279t at 5g/t Gold and 0.82% Copper • 3 g/t gold only cut-off
Slide 22: 2021 Resource Development Program
CABAÇAL 2021 Resource Development Program 1 Grade Grade Grade Grade Grade Hole ID Zone Intercept From Hole ID Zone Intercept From Hole ID Zone Intercept From Hole ID Zone Intercept From Hole ID Zone Intercept From CuEq CuEq CuEq CuEq CuEq (m) (%) (m) (m) (%) (m) (m) (%) (m) (m) (%) (m) (m) (%) (m) C
Slide 23: Mason & Kerr Cross-Section with Recent Results
CABAÇAL Mason & Kerr Cross-Section with Recent Results 1 CD- 008 CD-008 35.6m @ 0.5% CuEq CD- 005 CD-007 CD- CD-005 35.1m @ 007 0.6% CuEq 30.7m @ 1.3% CuEq Labeled Intercept Mineralized Intercept ^ HISTORIC MINE AREA SHOWING DRILL HOLES AND CROSS-SECTIONS ^ MASON AND KERR CROSS-SECTION ST-240 JUSPD
Slide 24: Mason & Kerr Cross-Section with Recent Results
CABAÇAL Mason & Kerr Cross-Section with Recent Results 1 ^ ^ HISTORIC MINE AREA WITH CROSS-SECTIONS MASON AND KERR CROSS-SECTION ST-268 Drilling of broad ^ MASON AND KERR CROSS-SECTION ST-245 mineralisation 1 See press Release 15th June, 25th & 5th May 2021 with high-grade basal zone Subvertical hig
Slide 25: Mason & Kerr Cross-Section with Recent Results
CABAÇAL Mason & Kerr Cross-Section with Recent Results 1 MASON AND KERR CROSS-SECTION ST-200-NW ^ HISTORIC MINE AREA SHOWING DRILL HOLES AND CROSS-SECTIONS ^ CD-003 Labeled Intercept Mineralized Intercept 15.0m @ 0.4% CuEq 58.6m @ 1.2% CuEq – including 17.2m @ 3.2% CuEq MASON AND KERR CROSS-SECTION
Slide 26: Re-sampling historic drill core
Re-sampling CABAÇAL historic drill core Re-sampling mirrors historical grades • Assay results are consistent with the expected tenor within the range of variance that can be expected for laboratory precision, and natural variance in the core from VMS mineralisation • Results from the historical core
Slide 27: Highlights of Cabaçal Bore Hole EM surveys
CABAÇAL Highlights of Cabaçal Bore Hole EM surveys 1 Vectoring drilling and mapping Copper potential using BHEM Cabaçal BHEM BHEM survey widens BHEM response Multiple EM plates ECZ includes amongst surveys and drill the response of the remains open to the align with recent Cu the strongest results m
Slide 28: A Structured Option Agreement Protects Meridian Shareholders
CABAÇAL A Structured Option A g r e e m e n t Protects Meridian Shareholders Equity and provides Vendors an Interest Going Forward Payment Schedule Requirements Vendor Payment Vendor Payment • The Cabaçal option (Months) (USD) (Shares) agreement is to acquire a 100% beneficial interest for MNO will
Slide 29: Espigão Copper-Gold Polymetallic Project
ESPIGÃO Copper-Gold Polymetallic Project Meridian Ownership: • 100% of the Espigão exploration and mining licenses Cacoal Espigão BRAZIL D’Oeste Pimenta Bueno RONDÔNIA Located within the Amazon Craton: • Anglo American, NEXA, Codelco, OZ Minerals RONDÔNIA Copper-Gold Target with District Scale Zonat
Slide 30: Espigão Polymetallic Project - Advanced but Un-Tested
ESPIGÃO Polymetallic Project - Advanced but Un-Tested* The Espigão Polymetallic Project Contains Multiple Deep-Seated Magnetic Anomalies and Conductivity Anomalies • Magnetic anomalies are found along the same regional structural corridors hosting polymetallic vein systems • Electromagnetic (EM) con
Slide 31: The Importance of the Geophysical / Geochemical Analogues
The I m p o r t a n c e of t h e Geophysical / ESPIGÃO Geochemical –Analogues Geochemical and geophysical vectoring has driven exploration success in other camps • Oak Dam (BHP): IOCG - 800m below surface discovered via a surface gravity survey • Cannington (South 32): Ag-Pb-Zn polymetallic - 60m be
Slide 32: Contact
Meridian Mining UK S Dr Adrian McArthur Gilbert Clark Investor Contact: Corporate Address: Chief Executive Officer Executive Chairman +1 778 715 6410 6th Floor, 65 Gresham Street, London Email: amcarthur@meridianmining.net.br Email: gclark@meridianmining.net.br EC2V 7NQ United Kingdom MNO meridianmi
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