Meridian Mining Plc · TSX:MNO
Meridian Mining — Investor Presentation (July 2017)
23 slides from Meridian Mining's investor presentation, Jul 20, 2017
Slide 1: Production, Exploration, Optionality
PRODUCTION, EXPLORATION, OPTIONALITY GROWTH THROUGH PARTNERSHIPS TSX-V: MNO
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Some statements in this presentation contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company's plans for exploration and development of
Slide 3: Proven Strategy Builds Foundation for Success
PROVEN STRATEGY BUILDS FOUNDATION FOR SUCCESS High-purity manganese operation Ore being sold to established customer base at a premium Promising gold prospects Trenching in progress Preparing for maiden drill campaign Bom Futuro Joint Venture provides entry into Brazil’s second largest tin mine Disc
Slide 4: Premium Manganese Producer
PREMIUM MANGANESE PRODUCER World’s highest grade hydrothermal manganese production Niche markets: Batteries and Agriculture Brazilian and international customer base Meridian production has grown from 8,000 to 35,000tpa in 3 years Production capacity building to 100ktpa Continual growth in output an
Slide 5: Upgrading Infrastructure to Increase Manganese Production
UPGRADING INFRASTRUCTURE TO INCREASE MANGANESE PRODUCTION 70 kt/a upgrade to Jaburi Plant, 2017 Rio Madeira plant to be upgraded to 30 kt/a in 2018 Jaburi production resumes Q3 2017 Continual growth in output and capacity
Slide 6: Premium Product Premium Price
PREMIUM PRODUCT PREMIUM PRICE Benchmark 44% Mn CIF China Company Sales $9.00 $8.00 $7.00 $5.88 $6.00 $5.67 $5.10 $4.82 $4.78 $5.00 $4.32 $4.33 $3.96 $4.00 $3.62 $3.25 $3.00 $2.00 $1.00 $4.12 $3.03 $3.02 $2.48 $2.43 $3.78 $3.50 $8.20 $5.48 $5.66 $0.00 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2015 Q
Slide 7: Business Fundamentals in Place to Attract a Strategic Partner
BUSINESS FUNDAMENTALS IN PLACE TO ATTRACT A STRATEGIC PARTNER Extensive land package Installing new 70,000tpa plant Well established local operation Diverse customer base Proven business, strong customer base, expanding production capacity
Slide 8: Gold – Exciting Growth Opportunity
GOLD – EXCITING GROWTH OPPORTUNITY Newly discovered gold system at Espigão Do Oeste Amazon Craton address; home to major Moz gold camps An initial program of 18 trenches spanning 2,000m has commenced to evaluate the anomalies and will continue into Q3 Coice de Cobra gold targets prioritized for test
Slide 9: Gold – Exciting Growth Opportunity
GOLD – EXCITING GROWTH OPPORTUNITY Six targets prioritized for first trenching campaign Sub-parallel structures; individual veins 3m wide, with broader alteration halos Visible gold occurrences; rock chips to 9.8g/t Au Broader geochemical anomalies extend for 7km along strike; two main centers ident
Slide 10: Bom Futuro Tin JV: Primary Veins, Paleochannels and Tailings
BOM FUTURO TIN JV: PRIMARY VEINS, PALEOCHANNELS AND TAILINGS Bom Futuro mine has produced over 192,000 tonnes of tin since 1987
Slide 11: Bom Futuro Tin Deposit – Comparison by Endowment
BOM FUTURO TIN DEPOSIT – COMPARISION BY ENDOWMENT 1,000,000 Bom Futuro is the least explored of the major tin deposits Total Tin (t) 100,000 Limited processing technology deployed Opportunities to build 10,000 resources through systematic paleochannel and bedrock drilling Bom Futuro ranks in the top
Slide 12: Bom Futuro Aerial View from the Southwest
BOM FUTURO AERIAL VIEW FROM THE SOUTHWEST Palanqueta Hill Vein and greissen tin mineralization Bom Futuro Hill Vein and pegmatite tin mineralization 12
Slide 13: The Tin Market - A Growing Opportunity
THE TIN MARKET - A GROWING OPPORTUNITY Tin Uses Top 6 Tin Producing Countries 120 9% 5% 100 Solder Chemicals 8% 80 Tinplate 350,000 tonnes 47% Lead-acid annual mean 60 Copper Alloy 15% consumption 40 Other 20 16% 0 China Indonesia Myanmar Peru Bolivia Brazil 2014 2015 2016 Source: ITRI Tin Industry
Slide 14: Improving Tin Pricing
IMPROVING TIN PRICING * 14.00 $40,000 Average last $35,000 12.00 10 years: $20,000 Forecast $30,000 10.00 $25,000 Weeks' Supply 8.00 USD/tonne $20,000 6.00 $15,000 4.00 $10,000 2.00 $5,000 0.00 $- 2000 2005 2010 2015 2020 Weeks' Supply (tonnes) Price (USD) * International Tin Research Institute - No
Slide 15: Target Strike Extension for Repeat Mineralization
TARGET STRIKE EXTENSION FOR REPEAT MINERALIZATION Bom Futuro area Meridian area Underlying magnetic anomaly over mine 2 km 20km long NE extent projects on Meridian tenement applications Deposit model indicates potential for repeat mineralization (c.f. Erzgebirge/Krásno Ore District, Czech Republic:
Slide 16: Exploration Targeting
EXPLORATION TARGETING Numerous paleochannel targets: • Extensions . to known channel positions • New targets from ground-penetrating radar surveys • Geophysical exploration ongoing • Self-managed rigs being equipped for deeper drill testing. Excellent near-mine primary exploration opportunity • Magn
Slide 17: Meridian Tailings Project Targets 10+ Years of Mine Life
MERIDIAN TAILINGS PROJECT TARGETS 10+ YEARS OF MINE LIFE An estimated 100m tonnes of tailings accumulated from 30+ years of artisanal mining Cooperative tailings operations have averaged 1,000tpa of tin production per annum since 2010 (from un-optimized plants; no metallurgical studies) First phase
Slide 18: Synergies with Paleochannel Systems
Cassiterite concentrate from palaeochannel SYNERGIES WITH PALEOCHANNEL SYSTEMS • Rich gravel horizons: 4-5 Sn kg/m3 • Broader low grade packages: 270 - 800 g/m3 Perched placer Tin mineralization • Three channel trends worked to date deposits in base of modern drainage • Expectations of further conce
Slide 19: Bringing It All Together: Manganese, Gold and Tin
BRINGING IT ALL TOGETHER: MANGANESE, GOLD AND TIN Synergies with each project enhances Meridian’s opportunity to grow profitably • Cash generated from the Manganese Project will support the continued development of Tin and Gold assets through exploration • Each project builds on local experience ena
Slide 20: Capital Structure
CAPITAL STRUCTURE Shares Outstanding 163.8 million Ticker Symbol TSX-V: MNO Options 8.5 million Recent price (as at 07/07/17) $0.80 Warrants 12.8 million 52 week range $0.175 - $1.54 Fully Diluted 185.1 million Market Cap $129 million Cash Position (as at 07/07/17) $2.9 million Major Shareholders -
Slide 21: Management Team
Management Team Anthony Julien is an accomplished executive with Anthony Julien Australian and international experience focused on President & Chief Executive start-up and growth organisations. Since 2013, Anthony Carlos has held a number of senior positions in the Brazilian mining and Officer has c
Slide 22: Board of Directors
Board of Directors Barry has over 30 years of experience in the Peter has over a decade of private equity experience as a fund minerals industry and has held a number of investor and in direct co-investments, including several years with Peter Weidmann Barry Bolitho executive management positions in
Slide 23: Thank You
THANK YOU CONTACT INFORMATION: Fiona Grant Leydier Investor Relations T: 416.848.9851 E: fgrantleydier@national.ca meridianmining.co