Cartier Resources Inc. · TSXV:ECR
Cartier Resources — Investor Presentation (August 2020)
21 slides from Cartier Resources's investor presentation, Aug 25, 2020
Slide 1: Corporate Presentation
CORPORATE PRESENTATION August 25th, 2020 Philippe Cloutier, President & CEO
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT FORWARD-LOOKING STATEMENTS This document may contain forward-looking statements that reflect management’s current expectations with regards to future events. Such forward-looking statements are subject to certain factors and involve a number of risks and uncertainties. Actual re
Slide 3: An Accomplished Team
AN ACCOMPLISHED TEAM Management Philippe Cloutier, P. Geo. Nancy Lacoursière, B.A.A. Gaétan Lavallière, P. Geo., Ph. D. Ronan Déroff, P. Geo., M. Sc. President, CEO & Director Chief Financial Officer Vice President Senior Geologist, Project Manager, Geomatician Board of Directors Jean-Yves Laliberté
Slide 4: Capital Structure
CAPITAL STRUCTURE SHARE STRUCTURE SHARE DISTRIBUTION COMMON SHARES - ISSUED AND OUTSTANDING 214 583 962 SHAREHOLDER % STOCK OPTIONS 15 550 000 RETAIL 52.4 WARRANTS 1 306 692 • GROUP BMO • 23.0 • GROUP VAL-D’OR • 10.0 FULLY-DILUTED, AUGUST 2020 231 440 654 AGNICO EAGLE 16.4 QUEBEC FUNDS 12.0 MERIAN G
Slide 5: Value Driven Strategy
VALUE DRIVEN STRATEGY PRIORITISE PROJECTS PRODUCING LARGE VOLUME OF GOLD-BEARING MINERALISATION AT CONSTANT GRADE ➢ Focus in the Abitibi Greenstone Belt on “brownfield” projects ADD VALUE TO THE ASSET THROUGH EXPLORATION ➢ Drilling focus on known Gold Zones REWARD SHAREHOLDERS ➢ Identify and evaluat
Slide 6: Chimo Mine Property Location
CHIMO MINE PROPERTY LOCATION Chimo Mine Property Val-d’Or Mining Camp Mining Properties 6
Slide 7: Chimo Mine Project
CHIMO MINE PROJECT Work completed by Cartier: ➢ Total of 121 drill holes for 55,890 m and 20,792 gold samples collected ✓ Increase the resources ✓ Discovery of 5B4-5M4-5NE and 5CE Gold Zones ➢ Resource Estimate (gold price of US $ 1,300 per ounce and a cut-off grade of 2.5 g/t Au) ✓ 4,017,600 tonnes
Slide 8: Growing the Resource
GROWING THE RESOURCE TARGET 1.8 Total ECR 1.6 investment: 11.5 CAN $ / oz Au TARGET 1.4 > 900K ? RESOURCE (MOZ AU) 1.2 1 585K 0.8 417K 0.6 TARGET 0.4 > 800K ? 461K 598K 0.2 0 Q4 2019 Q2 2020 Q4 2020 Indicated Resource Inferred Resource Using a gold price of US $ 1,300 per ounce and a cut-off grade o
Slide 9: Growing the Resource x3
GROWING THE RESOURCE x3 Total ECR x2 investment: 11.5 CAN $ / oz Au x4 HISTORICAL NI 43-101 NI 43-101 TARGET PRODUCTION RESOURCE RESOURCE 1964-1997 Q4 2019 Q2 2020 Q4 2020 November 5th, 2019 May 5th, 2020 > 800 Koz Au 400 Koz Au 461 Koz Au 585 Koz Au (MERN DV 85-05 to DV 97-01) > 900 Koz Au 417 Koz
Slide 10: ECR EV/oz Au vs Peers
ECR EV/OZ AU VS PEERS EV: Enterprise Value 200 180 160 140 Range of ounce selling price: 100 to 150 CAN $/OZ 120 EV/OZ (CAN $ / OZ) 100 180 80 111 EV/OZ ECR = 25 CAN $/OZ VS PEERS AVERAGE = 55 CAN $/OZ 60 83 40 62 47 41 20 25 18 15 10 8 0 OSK QMX RDS BAR BTR PRB ECR O3 MQR FPC MGM Based on May 1st,
Slide 11: Intrinsic Value Underestimated
INTRINSIC VALUE UNDERESTIMATED IN-SITU VALUATION RESOURCES May 5th, 2020 CASH POSITION Market Cap 5.5 + 120 to 180* = 126 to 186 M CAN $ Chimo Mine Well-Funded 585 Koz Au Stock Price 5.5 M CAN $ 0.66 to 0.97 CAN $ / Share 598 Koz Au 01/05/2020: ECR = 0.16 CAN $ / Share Indicated Resources Inferred R
Slide 12: Chimo Mine Valuation Timeline
CHIMO MINE VALUATION TIMELINE Q3 2014 Q4 2019 Q4 2019 Q2 2020 Q4 2020 Q2 2019 Q2 2020 ? Acquisition NI 43-101 Resource Drilling Drilling East Sector NI 43-101 Resource TARGET Compilation Central Gold Corridor 7 500 mm 10,000 North and South Gold Corridors Central Gold Corridor Interpretation Cut-Off
Slide 13: Chimo Mine: 3 Corridors, 17 Structures, 27 Gold Zones
CHIMO MINE: 3 CORRIDORS, 17 STRUCTURES, 27 GOLD ZONES 13
Slide 14: Resource Estimate: May 5th 2020
RESOURCE ESTIMATE: MAY 5 2020 TH Indicated Resources Inferred Resources Gold Corridors Cut-off Grade 2.5 g/t Au Metric Grade Troy Ounce Metric Grade Troy Ounce Price $US 1300 / Oz Tonne (t) (g/t Au) (oz) Tonne (t) (g/t Au) (oz) Central (1) 3,263,300 4.40 461,280 3,681,600 3.53 417,250 North (2) 505,
Slide 15: Resource Estimate Update: May 5th 2020
RESOURCE ESTIMATE UPDATE: MAY 5TH 2020 The scientific and technical information have been prepared and reviewed by MM. Gaétan Lavallière, P. Geo., Ph. D., Vice President and Ronan Déroff, P. Geo., M. Sc., Senior Geologist, Project Manager and Geomatician, Qualified Persons as defined by NI 43-101. M
Slide 16: Objective of Internal Engineering Studies: Reduce the Cut-Off Grade
O BJECTIVE OF INTERNAL ENGINEERING STUDIES : R EDUCE THE CUT OFF- GRADE TO RECOVER MORE GOLD OUNCES M INERALISATION AT CHIMO MINE 2 types of mineralisation: Large volume of gold bearing sulphides (Asp non refractory) Arsenopyrite concentrate represented 3% of ore and 75% gold produced Late Quartz Ve
Slide 17: Internal Engineering Study: Project 1
R EDUCE PRODUCTION COSTS (OPEX) I NTERNAL ENGINEERING STUDY: TO RECOVER MORE GOLD OUNCES PROJECT 1: Maximum capacity to feed surface sorting plant Mining Capacity Hoisting Capacity Production Capacity Project 1A Project 1B Project 1C Determine stope Determine MAXIMUM Design mining schedule to config
Slide 18: Internal Engineering Study: Project 2
I NTERNAL ENGINEERING STUDY: R EDUCE PRODUCTION COSTS (OPEX) TO RECOVER MORE GOLD OUNCES PROJECT 2: Maximum capacity of industrial mineralisation sorting DRILLING MINING HOISTING Initial Initial grade tonnage SORTING TRANSPORT Strong cost reduction for transport, milling Initial tonnage Initial and
Slide 19: Internal Engineering Study: Project 3
INTERNAL ENGINEERING STUDY NO TAILING PROJECT 3: Reduce CapEx costs and environmental footprint (no mill and no tailing) while increasing Cash Flow and Internal Rate of Return (IRR) NO MILL 19
Slide 20: Repeat Process
REPEAT PROCESS Three more projects with similar characteristics: ➢ 100% owned by Cartier (exception Fenton: 50% Cartier JV with SOQUEM INC.); ➢ Gold deposit with well defined geometry / rapid growth potential; ➢ Characteristics present to produce large tonnage at constant grade; ➢ Situated near infr
Slide 21: Thank You!
THANK YOU ! FOR MORE INFORMATION : P HILIPPE C LOUTIER PHILIPPE . CLOUTIER @ RESSOURCESCARTIER . COM TOLL F REE: 1-877-874-1331 D IRECT: 819-874-1331 Chimo Mine Visible Gold Sample from Zone 5B, Level 17, 108.4 g/t Au over 2.0 m Courtesy of Mr. Tony Brisson, Mine Geologist, 1995 21
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