Excellon Resources Inc. · TSXV:EXN
Excellon Resources — Investor Presentation (June 2020)
29 slides from Excellon Resources's investor presentation, Jun 1, 2020
Slide 1: Advancing precious metals in North America
Advancing precious metals in North America Corporate Presentation June 2020 www.excellonresources.com TSX:EXN, EXN.WT, OTC:EXLLF and FRA:E4X1
Slide 2: Forward Looking Statements
Forward Looking Statements Disclaimer This document contains “forward‐looking statements” within the meaning of applicable Canadian securities legislation and applicable U.S. securities laws. Except for statements of historical fact relating to the Company, such forward‐looking statements include, w
Slide 3: Creating Value in 2020 and Beyond
Established Production Platosa Mine’s high-grade silver production and exceptional leverage to silver price Enhanced Growth Pipeline Accretive acquisition of Otis Gold and addition Creating of Kilgore, a low risk, high return gold development project Idaho Value in 2020 Multiple Discovery Opportunit
Slide 4: Dawn of a New Bull Market in Precious Metals
Dawn of a New Bull Market in Precious Metals Un-financed developers Market Return have underperformed 63% 2020 2019 42% 37% 37% 35% 16% 19% 4% 1% 1% (3%) (7%) (2%) (13%) (9%) (18%) Financed Royalty Cos Senior HUI Index Intermediate Spot Gold Un-financed Junior Developers Producers Producers Develope
Slide 5: Completing the Growth Pipeline
Completing the Growth Pipeline KILGORE Advance high-IRR, low-capex PEA and define the next Round Mountain (Kinross Gold) Development Resource Growth & Discovery KILGORE WEST, LECHUZAS & PLATOSA Significantly grow resources at multiple targets Production PLATOSA KILGORE, JABONCILLO, EVOLUCIÓN Optimiz
Slide 6: Leadership With A Track Record of Success
Leadership With A Track Record of Success Board of Directors Management Andre Fortier Laurie Curtis Brendan Cahill Anna Ladd-Kruger Independent Independent Director, President & CEO CFO and VP Corp Dev Andrew Farncomb Brendan Cahill Ben Pullinger Craig Ford Independent Non-Independent SVP Geology VP
Slide 7: Quality Projects in Top Jurisdictions
Quality Projects in Top Jurisdictions KILGORE IDAHO | RANKED #5 U.S. AND #7 GLOBAL* GOLD GERMANY UNITED STATES SILVER CITY SAXONY SILVER MEXICO COMBINED PLATOSA & EVOLUCIÓN RESOURCES OF 92% PRECIOUS DURANGO & ZACATECAS METALS SILVER-LEAD-ZINC Precious metals Base metals *Fraser Institute Annual Surv
Slide 8: Kilgore – A Multi-Million Ounce Opportunity
Kilgore – A Multi-Million Ounce Opportunity Significant room to grow • 12,000 acre property located in Idaho • Caldera-related low sulphidation epithermal gold deposit analogous to Kinross Gold’s Round Mountain • Historical mine workings dating back to the 1930’s • High-grade near surface mineraliza
Slide 9: Kilgore PEA 2019
Kilgore PEA 2019 Attractive economics at current gold price range ASSUMPTIONS Discount Rate Gold Price $1,300/oz NPV 5% in US $M 5.0% 7.0% 9.0% PRODUCTION PROFILE Total Leach Tons Mined 54.0 million $1,100 32.4 23.2 15.1 Total Waste Tons Mined 60.0 million $1,300 110.4 96.8 84.6 Head Grade - Crushed
Slide 10: Kilgore Regional
Kilgore Regional Targeting the next million ounces • Significant anomalies outside resource area • Exploration science only recently applied • High quality Opal Mines 10km SW of deposit – K3? K2? K1 - > 1M 0z high level indicators of and growing continuity of epithermal system Radial faults on Calde
Slide 11: Kilgore – A Multi-Million Ounce Opportunity
Kilgore – A Multi-Million Ounce Opportunity Round Mountain Analog • Grades comparable with Round Mountain and a similar genetic model • Current Kilgore resource totals ~1.0M oz, with resource and geology open for expansion • High-grade intersections within Aspen sequence underlying deposit under-dri
Slide 12: Platosa Mine
Platosa Mine Mexico’s Highest-Grade Silver Producer • High-grade underground silver mine with resources of 1,000 g/t AgEq1 • Over 800,000 tonnes mined since production commenced in 2005 • Achieving stable production and continuing optimizations 2019 Production Results2 Tonnes Mined 74,876 Tonnes Mil
Slide 13: Platosa: Exceptional Leverage to Silver
Platosa: Exceptional Leverage to Silver Production = Immediate Response to Price EXN Silver 700% 600% 500% 400% Price Performance 300% 200% 87% 100% 12% 0% -100% Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 12
Slide 14: Evolución
Evolución Miguel Auza Processing Facility And Toll Milling • Scalable flotation processing facility located on the property • Currently processing ore from Platosa, 200 km away • Evolving strategic asset: toll milling arrangement with Hecla Mining Company to process 400tpd of San Sebastian ore (bulk
Slide 15: Expanding Known Mineralization
Expanding Known Mineralization LECHUZAS (LOOKING NE) CALVARIO HISTORICAL RESOURCE 22.8M AGEQ OZ IND., 11.8M AGEQ OZ INF. EX18MAZ-251 153.9 m @ 22 g/t Ag, 0.4% Pb, 1.0% Zn, 0.1 g/t Au and 101 g/t AgEq including 2.4 m @ 188 g/t Ag, 4.4% Pb, 2.9% Zn, 0.1 g/t Au and 532 g/t AgEq including 17.7 m @ 48 g/
Slide 16: Evolución – Epithermal Silver Exploration
Evolución – Epithermal Silver Exploration • 45,000 ha adjacent to Hecla’s high-grade San Sebastian San Sebastian Mine in Zacatecas with associated halloysite, EV-P2 • Greenfield target rich environment in high-grade magnetite and productive terrain with negligible previous exploration pyrite EV-P3 •
Slide 17: Silver City
Major base and Silver City Precious Metals centres in Europe Europe is rich in metals Zn (Ag) Tin Au (Ag) Finland • Policy changes in Europe Sweden Ag since 2011 are leading to a Norway Cu (Ag) more compelling mining Estonia Pb environment Latvia Fe • Countries are seeing the Denmark Lithuania After
Slide 18: Silver City
Silver City High grade silver mining district in Saxony, Germany • +750 years of historical production with no modern exploration KSL (Cu) • Located on the periphery of a large Lautawerk (Al) epithermal province centered around Freiberg in Saxony • Similar geological attributes to Fluorchemie Dohna
Slide 19: Ready to be Reinvigorated
Ready to be Reinvigorated Vein Width(m) Grade Mine Camp range Ag (g/t) Style of Mineralization Bräunsdorf From 0.1 To 2.5 From 903 to 2,500 Epithermal (LS) • Mining ceased in the 1880s Großvoigtsberg 0.5 4 1,100 3,500 IEpithermal (LS to IS) due to geopolitics and Hohentanne 0.1 0.5 NA 2,000 Epitherm
Slide 20: Silver City
Silver City Similar Characteristics to Mexican Epithermal Belts • Freiberg museum has spectacular collection of mineral samples from historical mines to use for insight into geology and potential • All specimens shown here assay multi kilo per tonne silver 19
Slide 21: Bräunsdorf Mine and Surrounding Area
Bräunsdorf Mine and Surrounding Area PRIORITY DRILL TARGET VIEW LOOKING SOUTH EAST Base of historical workings 300 m Untested Untested along along strike Productive strike epithermal zone TARGET AREA ~450 m vertically from fluid inclusion studies 1,100 m Historical records describe veins up to 2.5 m
Slide 22: Silver City
Silver City Munzig IP VIEW LOOKING NORTH EAST VIEW LOOKING NORTH WEST Historic Mine Dump sample : FREUNDLICHER 117 g/t Ag, 1.14 % Pb, BERGMANN WILDEMAN 0.48 % Zn VEIN VEIN SYSTEM HISTORICAL RECORDS INDICATE VEINS FROM 2-10 M AT 1,000 G/T AG *The reader is cautioned that the above referred historical
Slide 23: More Discovery Opportunities
More Discovery Opportunities PLATOSA UNDERGROUND PLATOSA REGIONAL OAKLEY OPTION • Resource definition and • Targeting discovery of new • Gold-silver epithermal expansion of existing Platosa-style manto project located in Idaho operation deposits and skarn deposit • Inferred Resource of • Drilling co
Slide 24: Our Commitment to Responsible Business
Our Commitment to Responsible Business • Active and influential member of the Mining Association of Canada (MAC) • Implementing a practical, best-in-class management system that: • Addresses safety, health, security, environmental and community aspects (UN Sustainable Development Goals) • Incorporat
Slide 25: Capital
Capital SHARE STRUCTURE TRADING SUMMARY* Issued & Outstanding: 155.8 M TSX:EXN OTC:EXLLF Options: 6.2 M 3M Av. Daily Vol: 542,431 112,430 DSUs: 2.4 M 52-Week Range: $1.51-0.31 $1.15-0.19 RSUs: 1.5 M Market Cap: CAD$142M US$105.7M Warrants: C$1.40 (Exp Aug. 27, 2021) 5.5 M Warrants: C$0.66 (Exp Mar.
Slide 26: Appendix
Appendix 25 EXCELLON
Slide 27: Resources
Resources Gold Indicated Resources Inferred Resources Tonnes Au Au Tonnes Au Au Property (000’s) (g/t) (koz) (000’s) (g/t) (koz) Kilgore Project 44,556 0.58 825 9,399 0.45 136 Oakley Project - - - 9,972 0.51 163 Silver-Lead-ZInc Platosa Deposit Tonnes Ag Pb Zn AgEq Ag Pb Zn AgEq Category (t) (g/t) (
Slide 28: Technical Disclosures
Technical Disclosures Platosa Deposit - Notes to Mineral Reserves and Resources Kilgore Project - Notes to Mineral Reserves and Resources • Mineral Resources that are not Mineral Reserves do not necessarily demonstrate • Mineral resources have been classified in accordance with the CIM Definition ec
Slide 29: Vision and Mission
VISION To Create Wealth MISSION We realize strategic opportunities through discipline and innovation for the benefit of our employees, communities and shareholders. www.excellonresources.com
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