Slide 1: ASX Announcement: Investor Presentation
ASX Announcement | 11 June 2020 For personal use only Investor Presentation Eagle Mountain Mining Limited (ASX:EM2) (“Eagle Mountain” or “the Company”) attaches an updated Investor Presentation for the information of shareholders. For further information please contact: Tim Mason Mark Pitts BEng, MB
Slide 2: Investor Presentation June 2020
For personal use only INVESTOR PRESENTATION A S X : E M 2 | JUNE 2020
Slide 3: An Emerging Copper Company
AN EMERGING COPPER COMPANY Eagle Mountain has two complementary copper projects located in Arizona, a tier-one Silver Mountain For personal use only mining jurisdiction • Clear corporate focus on copper - strong leverage to strengthening fundamentals • Experienced Board and management team with skin
Slide 4: Oracle Ridge Copper Mine - Overview
ORACLE RIDGE COPPER MINE - OVERVIEW • High grade copper with significant gold and silver For personal use only • Large Mineral Resource Estimate (NI43-101) See ASX Announcement 29 Oct 2019, refer Appendix 1 • Significant exploration potential priority drill targets being defined • Extensive infrastr
Slide 5: Significant High Grade Mineral Resources
SIGNIFICANT HIGH GRADE MINERAL RESOURCES Mineralisation at Oracle Ridge Oracle Ridge Mineral Resource Estimate NI43-101 * (1% Cu cut-off) For personal use only Resource Tonnes Cu Ag Au Contained Contained Contained Class (Millions) % g/t g/t Cu, lbs Ag, oz Au, oz (Millions) (Millions) (‘000) Measure
Slide 6: Oracle Ridge - High Grade Copper
ORACLE RIDGE – HIGH GRADE COPPER Multiple high grade copper intercepts* with For personal use only • significant gold and silver • 7.7m @ 5.11% Cu, 0.72g/t Au, 55.8g/t Ag • 7.6m @ 4.63% Cu, 0.74g/t Au, 43.06g/t Ag • 9.1m @ 3.97% Cu, 1.04g/t Au 29.89g/t Ag • 18m @ 2.84% Cu, 0.42g/t Au, 24.8g/t Ag • H
Slide 7: Oracle Ridge - High Grade Copper
ORACLE RIDGE – HIGH GRADE COPPER For personal use only • High grade copper intercepts with significant gold and silver • Multiple ‘stacked’ lodes provide flexibility for mining • Many zones thick enough for bulk mining methods which can potentially reduce costs 66 *Refer ASX Announcement 10 June 202
Slide 8: Significant Exploration Target
Significant exploration target Mineralisation remains open along strike in multiple For personal use only directions Significant Exploration Target defined based on : • Previous drilling database of 618 holes (50 holes within the exploration target) • Geological models of mine stratigraphy • Recentl
Slide 9: Exploration Potential at Depth
EXPLORATION POTENTIAL AT DEPTH For personal use only Skarn mineralisation is commonly associated with porphyry systems however this system has not been found and presents exploration potential at depth ? Oracle Ridge – Conceptual Geological Model 8 Note - The Section shown is both conceptual and spe
Slide 10: Exploration Strategy
EXPLORATION STRATEGY Three Pronged Exploration Strategy For personal use only 1. Incremental expansion of existing MRE • Focus higher grade zones 2. Depth potential at Oracle Ridge 3. Other prospective targets • Exploration within trucking distance of a future mill site • Regional geophysical anomal
Slide 11: Oracle Ridge - Underground Development
ORACLE RIDGE – UNDERGROUND DEVELOPMENT For personal use only Very good ground conditions exist, considering the mine has not been operational for more than 20 years. 10 10 Photos taken February 2020
Slide 12: Oracle Ridge - Underground Mineralisation
ORACLE RIDGE – UNDERGROUND MINERALISATION For personal use only 11 Photos taken February 2020 11
Slide 13: Oracle Ridge - Underground Infrastructure
ORACLE RIDGE – UNDERGROUND INFRASTRUCTURE For personal use only Drilling Equipment Ventilation Fan • The project has significant infrastructure in place including ~18km of underground development, access roads, tailings dam, underground electrical and water services. 12 Photos taken February 2020 12
Slide 14: Enhanced Restart Potential
ENHANCED RESTART POTENTIAL Studies For personal use only Existing electrical infrastructure • Various technical studies completed including Environmental, at Oracle Ridge Metallurgical, Processing, Geotechnical, Mining, & Infrastructure Permits • Most required mining permits previously secured with
Slide 15: Oracle Ridge Growth and Exploration Focus
ORACLE RIDGE GROWTH AND EXPLORATION FOCUS Methodical approach to exploration by an experienced team For personal use only • • Apply modern geophysics which has not been used at Oracle Ridge • Focus on maximising expenditure in the ground • Multiple workstreams progressing towards defining exploratio
Slide 16: The Silver Mountain Project
THE SILVER MOUNTAIN PROJECT For personal use only • Phase One drilling at Silver Mountain confirms prospectivity of Project • Project hosts multiple historic copper / gold mining operations with copper grades up to 10% and gold up to 10g/t • Drilling identified highly anomalous assay values and the
Slide 17: Exposure to Strengthening Copper Fundamentals
EXPOSURE TO STRENGTHENING COPPER FUNDAMENTALS For personal use only • Growing demand forecast Avg Global UG Mined grade <1.1% Cu • Increasing demand for less carbon intensive technologies • On average, renewable energy systems require 5x more copper vs conventional power generation • Electric vehicl
Slide 18: Corporate Overview
CORPORATE OVERVIEW 12 Month Share Price Key Metrics For personal use only ASX Code EM2 $0.25 Shares on Issue 116m $0.20 Share Price $0.15 (10 June 2020) $0.15 Cash $1.1m (31 March 2020) $0.10 Debt 1 $11.4m $0.05 Market Capitalisation $18m (undiluted) Enterprise Value $28m Unlisted Options 27m (avg e
Slide 19: Experienced Board & Management Team
EXPERIENCED BOARD & MANAGEMENT TEAM For personal use only TIM MASON 18 years experience in RICK CRABB 37 years experience in various corporate, mining NON-EXECUTIVE mining, corporate and CHIEF & engineering roles CHAIRMAN commercial law EXECUTIVE OFFICER CHARLES BASS Entrepreneur & Business Ex
Slide 20: A Compelling Copper Proposition
For personal use only A COMPELLING COPPER PROPOSITION A proven and experienced board and management team Access to infrastructure Arizona is a world class copper jurisdiction, responsible for 65% of Regular newsflow expected over the coming months copper output from the United States Oracl
Slide 21: Appendix: Mineral Resource Estimation
APPENDIX 1 Mineral Resource Estimation The resource estimates provided in this presentation have been taken from the 31 March 2014 Independent Technical Report for the Oracle Ridge Project prepared by Dr Gilles Arseneau, P.Geo, principal of Arseneau Consulting Services Inc. (refer ASX announcement 2
Slide 22: Important Information
Important InformatIon For personal use only P u r p o s e o f p r e s e n t a t I o n : This presentation has been prepared by Eagle Mountain Mining Limited (ACN 621 541 204) (Eagle Mountain) and should be read in conjunction the Company’s Annual Report, issued by Eagle Mountain 30 October 2019 and
Slide 23: Contact Information
For personal use only CONTACT INFORMATION A Ground Floor, 22 Stirling Highway Nedlands, Western Australia, 6009 E info@eaglemountain.com.au W eaglemountain.com.au