Meridian Mining Plc · TSX:MNO
Meridian Mining — Meridian Mining UK S — Investor Presentation (March 2022)
29 slides from Meridian Mining's investor presentation, March 2022
Slide 1: Cabaçal: Targeting multi million ounce gold and billion plus pounds of copper discoveries
Cabaçal: Targeting multi million ounce gold and billion plus pounds of copper discoveries Corporate Presentation, March 2022 TSXV: MNO / OTCQB: MRRDF / Frankfurt: 2MM 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: Investment Highlights
INVESTMENT HIGHLIGHTS Meridian is led by an experienced team of mine financiers, developers and operators The Cabaçal Project is VMS mineralization increased to over 50km with high-grade gold overprint defined over 11km mine corridor a camp a scale VMS Cabaçal Central is a predefined potential open
Slide 4: Corporate Information - Meridian Mining UK S
CORPORATE I NFORMATION - M ERIDIAN M INING U K S Meridian Mining UK S listed on the TSXV (Ticker: Corporate Structure MNO) Shares Outstanding 165.3 m Management ownership – 10.3 million shares (6.6% 20.1 m outstanding), 3.3 million warrants and 9.2 million options (Total - Warrants 11.4% fully dilut
Slide 5: Meridian Leadership
M ERIDIAN L EADERSHIP 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 & Director Brazilian Mining Consulta
Slide 6: Cabaçal Overview
CABAÇAL CABAÇAL OVERVIEW Listing Location Infrastructure Managing the Energy Transition Risk TSX.v...................MNO Country.................Brazil OTCQB............MRRDF State........Mato Grosso Frankfurt................2MM Mining Jurisdiction.....Tier 1 Road Rail Hydro- Power Major Metals Co-P
Slide 7: Controlling Position in Copper-Gold VMS Belt
CABAÇAL C ONTROLLING P OSITION IN C OPPER -G OLD VMS B ELT Cabaçal is a camp scale VMS project under- explored and under-developed Cabaçal is the most advanced of 7 surface prospects on the tenements Cabaçal's multiple targets are consistent with deposit MINE CORRIDOR: VTEM CONDUCTIVITY WITH TARGETS
Slide 8: Extending the Potential Around Cabaçal Mine
CABAÇAL E XTENDING THE P OTENTIAL AROUND C ABAÇAL M INE Cabaçal represents a potential standalone copper-gold-silver open-pit operation Cabaçal target zones defined over 2,000 x 500 meters VMS copper-gold system open to Northwest, West and Southeast A’ High-grade gold over-print open to Northwest an
Slide 9: Cabaçal Central - Resource Development Program
CABAÇAL C ABAÇAL C ENTRAL - R ESOURCE D EVELOPMENT P ROGRAM Cabaçal has the potential to become a large open pit copper-gold-silver standalone operation Targeting a near-surface, thick layers of copper-gold VMS including a high- grade basal zone; containing later stage cross-cutting high-grade gold
Slide 10: Soils Program Confirming New Untested Anomalies
S OILS PROGRAM CONFIRMING NEW UNTESTED ANOMALIES WITHIN CABAÇAL 11KM M INE C ORRIDOR WITH HIGH - GRADE GOLD O VERPRINT Cabaçal Mine Santa Helena Mine Outcropping Cu prospects 3km Southeast of Cabaçal mine Highest grade gold-in-soil Santa Helena Mine result returned 8.4 g/t Au C4-A - C2-A copper-gold
Slide 11: Development Timeline
CABAÇAL D EVELOPMENT T IMELINE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 TIMELINE 2022 2022 2022 2022 2023 2023 2023 2023 Advancing Cabaçal Project Landholder access agreements Environmental Studies Preliminary Licensec (PI) Environmental License (LI) Engineering Cabaçal Project Scoping Study Engineering Testwork Pre
Slide 12: Structured Option Agreement to Acquire Cabaçal
Structured Option A g r e e m e n t t o a c q u i r e a CABAÇAL 100% beneficial interest1 Protects Meridian Shareholders Equity and provides Vendors an Interest Going Forward Payment Schedule Vendor Payment Vendor Payment Payments Requirements Comments Complete (Months) (USD) (Shares) MNO will have
Slide 13: Investment Highlights
I NVESTMENT H IGHLIGHTS Meridian is led by an experienced team of mine financiers, developers and operators VMS mineralization increased to over 50km with high- grade gold overprint defined over 11km mine corridor Cabaçal Central is a predefined potential open pit standalone copper-gold-silver proje
Slide 14: Additional Geology
ADDITONAL GEOLOGY Corporate Presentation, March 2022 TSXV: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 15: Cabaçal Central - Resource Development Program
CABAÇAL C ABAÇAL C ENTRAL - R ESOURCE D EVELOPMENT P ROGRAM 1 See News Release: 31st January 2022, 29th & 24th Nov, 13th , 7th and 2nd Sept, 31st Expanded 15,000m drill program to focus on validation, extensional and metallurgical programs for the Cabaçal August, 13th July, 28th & 15th June, 26th Ap
Slide 16: Large Scale Open-Pit Potential Production Scenario
CABAÇAL L ARGE SCALE OPEN - PIT POTENTIAL PRODUCTION SCENARIO Copper-gold layers are High grade gold overprint Mineralization open down New over-printing high- thick and shallow dipping of VMS layers dip and along strike grade gold veins from near-surface 1 See News Release: 29th Nov, 7th and 2nd Se
Slide 17: Expanding Future Potential Resource Zones
CABAÇAL E XPANDING F UTURE P OTENTIAL RESOURCE ZONES CD-088 JUSPD 338 Un-assayed historical zones Potential to extend mineralized zones in shallow zones of historic drilling Intact VMS layers 66.1m @ 1.0%CuEq including: 34.1m @ 1.6%CuEq ^ SECTION OF CD-088, SHOWING THE BROADER MINERALIZED FOOTPRINT
Slide 18: Cabaçal Northwest Extension Mineralization
CABAÇAL C ABAÇAL N ORTHWEST E XTENSION M INERALIZATION Cabaçal Northwest Extension A’ Historic widely spaced, vertical drilling EXTENSION in Cabaçal not optimal to intersect sub-vertical high-grade gold veins 2022 program of angled holes to target A the multiple high-grade gold veins at the Cabaçal
Slide 19: Historic Santa Helena High-Grade Zn-Cu-Au-Ag-Pb Mine
H ISTORIC S ANTA H ELENA H IGH -G RADE CABAÇAL Z N -C U -A U -A G -P B M INE estimates (ZnEq % = Zn% + (2.14 * Cu%) + (0.39 * Au ppm) + (0.007* Ag ppm); Metallurgical Recovery = 89% Zn, 89% Cu, 65% Au, 61% 1 See News Release: 7th February 2022. Readers are cautioned that the historic resource is not
Slide 20: Regional Exploration Targets
CABAÇAL R EGIONAL E XPLORATION TARGETS 1 Dominant land position in the emerging Cabaçal copper-gold VMS belt secured with over Cabaçal Mine 928 km2 Regional focus of BP Minerals in 1980’s defined the historical copper-gold geochemical anomalies ^ CONSOLIDATING THE DISTRICT LANDBANK Santa Helena Mine
Slide 21: Potential for Expansion of the Historic Resource
CABAÇAL P OTENTIAL FOR EXPANSION OF THE HISTORIC RESOURCE Resource expansion opportunities: Historic Resource1 Current Criteria New near-surface zones outside of the limits of the Cabaçal Resource 21.7Mt @ 0.6% Cu & 0.6 g/t Au - Mine Cut-off Grade 0.2% CuEq - Metals pricing has more than doubled sin
Slide 22: Appendix
APPENDIX Corporate Presentation, March 2022 TSXV: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 23: Brazil - A Tier 1 Mining Jurisdiction for M&A
BRAZIL – A TIER 1 MINING JURISDICTION FOR M&A “Our experience in Brazil has been excellent… We are ‘underweight’ Brazil at the moment… However, I can’t say now if our Brazil exposure will increase or not. That all depends on finding the right asset.” - Lukas Lundin Mato Grosso Projects Copper-gold M
Slide 24: Mato Grosso - Excellent Infrastructure
MATO GROSSO - EXCELLENT INFRASTRUCTURE Existing Infrastructure is in place ready for the future mine developments at Cabaçal Road – Highway to ~20km, and all-weather roads to site Rail Line – Short trucking distance from Cabaçal Jaca Project Anglo American connecting direct to port Port - Sao Paulo
Slide 25: Managing Energy Transition Risk
C MA BAAG Ç AN I NA G LO U R E N E R G Y T R A N S I T I O N R I S K EXAMPLE: USINA 1 – PCH TELEGRAFICA 30 MW1 Regional Hydroelectric Generation2 ^ Brazil energy matrix ~ 65% of its energy generated by hydropower plants Local hydroelectric facilities: Jaurú Cascade - 235.9 MW (6 Facilities) Juba Cas
Slide 26: Cabaçal Historical Operation
CABAÇAL Cabaçal Historical Operation 1 Cabaçal Historical Production EXAMPLE OF FLOATATION SEPARATING CU & ZN CONCENTRATES - SANTA HELENA MINE ^ Cabaçal underground mine operated by BP Minerals / Rio Tinto from 1987 to 1991 producing 869,279t at 5g/t gold & 0.82 % copper 3 g/t gold only cut-off grad
Slide 27: Defining the Industry's Next VMS Camp
CA B A ÇA L Defining the Industry’s Next VMS Camp Cabaçal VMS Project Analogues Cabaçal is a camp scale VMS project underexplored and under-developed compared to analogue camps VMS deposits tend to form periodically, related to hydrothermal convection cells on the ocean floor at ~4km spacings Cabaça
Slide 28: VMS Camps: Importance of Modern Exploration Techniques
VMS Camps: Importance of Modern Exploration CA B A ÇA L Techniques Flin Flon Greenstone Belt Mine Life The Technical Evolution & Discovery Methods First discovery identified through prospecting (David Collins - Tom Method Used Creighton, 1914) Geophysical • Early mapping and geochemistry may Geologi
Slide 29: Meridian Mining UK S 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 Corporate Pres
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