Candelaria Mining Corp. · TSXV:CAND.H
Candelaria Mining — Investor Presentation (October 2021)
27 slides from Candelaria Mining's investor presentation, October 2021
Slide 1: Developing Quality Gold Mines in Mexico
Developing Quality Gold Mines in Mexico Corporate Presentation | October 2021 TSX-V:CAND OTC OTCQX:CDELF CANDELARIAMINING.COM Candelaria Mining | Corporate Presentation October 2021
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: OTC PINK Strategic Partner in Agnico Eagle* (Largest gold producer in Canada) Current Price (29 Oct 2021) $ 0.44 Shares Outstanding (Basic) 148.5m Agnico Eagle 16% Market Capitalization $ 65.3m Management & Warrants @ 0.60 (4/2023 expiration) 2.1m Insiders Warra
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 October 2021
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 October 2021 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 October 2021 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 October 2021
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 Expanding Resources and Building Confidence • 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 limited old workings, but although some high-grade intercepts occur at
Slide 21: New Targets – San Matias and Africano
New Targets – San Matias and Africano San Matias Soils and Aster Alteration Zones SAN MATIAS [Agnico Eagle Mines Ltd] and … Mapping and Channel Sampling at Africano Candelaria Mining | Corporate Presentation October 2021 22
Slide 22: New Target – El Africano
New Target – El Africano Africano Vein Textures A Classic Low Sulphidation Next Steps: Epithermal Vein System ➢ Floats mapping, further detailed ➢ Vein widths vary from 1 – 10m, streams mapping, trenching etc exposed for 500m and continues ➢ Geophysics (IP) under cover. Channel samples up to 9 g/t A
Slide 23: New Target – San Matias
New Target – San Matias Porphyry El Panalillo Major Low-Sulphidation Gold Next Steps Anomaly Related to Rhyolitic ➢ Additional detailed soils geochemistry Porphyries – 3 x 2km ➢ Detailed exposures mapping ➢ Extensive hydrothermal alteration zones exposed at surface, with ➢ Geophysics disseminated /
Slide 24: 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 25: Catalysts
Catalysts Q4 2021 Q1 2022 Q3 2022 Q1 2023 • Pinos Infill and Testing • Pinos Construction • Production Start Pinos • Conclude Phase 1 In-Mine High-Grade Decision drilling Caballo Blanco • Ongoing newsflow from Targets • Regular newsflow Northern Zone Highway Zone and other • Frame & execute CSR from
Slide 26: 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 27: 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 OTCQX:CDELF CANDELARIAMINING.COM Candelaria Mining | Corporate Presentation October 2021
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