Antilles Gold Ltd · ASX:AAU
Antilles Gold — Investor Presentation (May 2022)
39 slides from Antilles Gold's investor presentation, May 3, 2022
Slide 1: Updated Corporate Presentation
3 May 2022 UPDATED CORPORATE PRESENTATION Antilles Gold Limited (ASX Code: AAU, OTCQB: ANTMF) (“Antilles Gold” or the “Company”) is pleased to lodge the attached Corporate Presentation dated 2 May 2022 which updates progress on the development of the La Demajagua gold-silver mine, and other projects
Slide 2: Announcement continued: drilling and growth plans
• Drilling at Antonio will commence in Q4 2022 with the ultimate objective of proving up a number of pits within the New Horizons concession that could provide feed to a centralized concentrator. • The joint venture company expects to achieve strong organic growth by applying surplus cash generated
Slide 3: About Antilles Gold Limited
ABOUT ANTILLES GOLD LIMITED: o Antilles Gold’s strategy is to participate in the successive development of previously explored gold and copper/gold deposits in mineral rich Cuba, and on realising the value of assets it holds in the Dominican Republic. o The Company is at the forefront of the emergin
Slide 4: Draft Corporate Presentation
ASX: AAU DRAFT OTCQB: ANTMF Antilles Gold is an Australian mining company focussed on a series of gold and copper projects in mineral rich Cuba 2 May 2022 CORPORATE PRESENTATION
Slide 5: Forward-Looking Statement
Forward-Looking Statement DISCLAIMER Some of the statements contained in this Presentation are forward-looking statements, The Information contained in this Presentation is provided on the terms and conditions set such as statements that describe Antilles Gold Limited’s (“AAU”) future plans, intenti
Slide 6: Our Development Projects in Cuba
Our Development Projects in Cuba Antilles Gold is involved in a series of gold and copper-gold development projects in Cuba through its Joint Venture with the Government’s mining company, GeoMinera SA, with the partners’ aiming to progressively establish a substantial mining company with long-term p
Slide 7: Experienced Directors
Experienced Directors Brian Johnson James Tyers Ugo Cario Angela Pankhurst Executive Chairman Executive Director Non-Executive Non-Executive Operations Director Director Mr Johnson is a graduate in civil Mr Tyers is a member of the AusIMM and Mr Cario has over 30 years’ of Ms Pankhurst has over 20 y
Slide 8: Experienced Senior Management
Experienced Senior Management Dr Jinxing Ji Steve Mertens Dr Chris Grainger Michael Wokner Technical Director Mining Director Exploration Director Construction Manager Vancouver Cuba Cuba Cuba Dr Ji highly knowledgeable metallurgist with 6 Mr Mertens is a mining engineer with 20 Dr Grainger is an Au
Slide 9: Company Information
Company Information Bankers: National Australia Bank - Australia Shares on Issue 353,404,981 CIBC - Canada Number of Shareholders 1,351 Lawyers: Corrs Chambers Westgarth - Australia Osler Hosking & Harcourt - Canada Top 20 Shareholders (%) 45.37% Share Price Chart Share Price 2 May2022 6.6 cents Ukr
Slide 10: Basis for Antilles Gold's Focus on Cuba
Basis for Antilles Gold’s Focus on Cuba • Low Entry Costs to Previously Explored Mineral Deposits • Protective Laws for Foreign Investment • Realistic Mining & Environmental Regulations • Equal Board Representation on JV Company • Antilles Gold Nominates Senior Management • Attractive Fiscal Regime
Slide 11: Cuba hosts many mineral deposits
Cuba hosts many mineral deposits that have been extensively explored by Canadian, Russian, and Cuban mining companies, but where development opportunities have been substantially overlooked by the international mining sector for over twenty years. Antilles Gold has been an early mover in securing ac
Slide 12: Antilles Gold is uniquely positioned
Antilles Gold is uniquely positioned to access gold & copper-gold development opportunities in mineral rich Cuba. La Demajagua Development of open pit mine commencing Q1 2023 commissioning Q2 2024 Isle of Youth 100,000 oz Au equiv. in New Horizons concentrate for 6 years Concession Golden Hills – La
Slide 13: Current Portfolio: Joint Venture Company, Minera La Victoria SA
Current Portfolio: Joint Venture Company, Minera La Victoria SA Project Key prospects & estimates Estimated Potential Value Key Dates (US$1650/oz Au, US$22/oz Ag) • Drilling 18,000m Scoping Study Financial Results: • Initial Indicated & Inferred JORC Resource: • LoM Cash Surplus US$325 million Q4-20
Slide 14: La Demajagua Project
La Demajagua Project The La Demajagua project is in the final stage of pre- development activities with the Definitive Feasibility Study (“DFS”) and permitting for the first stage open pit mine expected to be completed in November 2022, to allow construction commencement in Q1 2023. SITE LOCATION AN
Slide 15: La Demajagua JORC Resources
La Demajagua JORC Resources Initial JORC Resources for La Demajagua Open Pit Mine The Initial Mineral Resource Estimate for the proposed open pit mine was calculated by Western Australian mining engineers, Cube Consulting, from selected data from 50,000m of historic drilling, and assays received fro
Slide 16: La Demajagua Deposit Exploration Target Range
La Demajagua Deposit Exploration Target Range Exploration Target Range In November 2021, Cube Consulting estimated the Exploration Target Range for the La Demajagua gold/silver deposit at a 1.0g/t Au cut-off grade based on data from 50,000m of historic drilling – advised to ASX on 10 November 2020 i
Slide 17: La Demajagua Metallurgical Testwork
La Demajagua Metallurgical Testwork Based on the Resource definition, preliminary pit shell, • Feed to the flotation plant is expected to be:. materials scheduling, and results of metallurgical test work to date: - 140,000 tpa of oxide/transitional ore with grades of approximately 2.7 g/t Au and 36.
Slide 18: La Demajagua Open Pit Mine – Scoping Study
La Demajagua Open Pit Mine – Scoping Study Results of a Scoping Study (“PEA”) for the proposed • The results demonstrate excellent potential returns first stage open pit mine at La Demajagua were on Antilles Gold’s A$18 million (US$13 million) equity advised to the ASX on 24 February 2022. for its 4
Slide 19: Financial Results from La Demajagua Scoping Study
Financial Results from La Demajagua Scoping Study Antilles Gold’s Equity Contribution A$18.0 million LoM Sales Revenue US$700.5 million to Project (A$1.00 = US$0.72) (@ US$1,650/oz Au, US$22/oz Ag after processing costs, and discount to buyer) Antilles Gold’s Share of LoM Cash A$221.4 million Surplu
Slide 20: La Demajagua Underground Mine
La Demajagua Underground Mine • The drilling program necessary to establish JORC • Based on historic drilling data, the Resources for the underground operation which is underground mining rate is expected to be planned to follow the open pit mining will be around 650,000 tpa and produce concentrates
Slide 21: Los Llanos Project
Los Llanos Project • The Los Llanos Project allows Antilles Gold to • Subject to the results of early-stage exploration, undertake preliminary exploration activities and Antilles Gold can request a property be transferred studies of a number of previously explored gold to the joint venture mining co
Slide 22: Los Llanos Project continued
Los Llanos Project continued The Los Llanos Project currently includes three significant, Activities between mid 2022 and mid 2023 will include: previously explored properties: • re-interpretation of existing data, geological • A major porphyry copper-gold system at Ciego de Avila mapping, and geoph
Slide 23: Strategy for Joint Venture Mining Company
Strategy for Joint Venture Mining Company • Commissioning of La Demajagua gold-silver open pit mine in Q2 2024. • Utilization of part of surplus cash generated by La Demajagua to fund subsequent projects. (Scoping Study indicates US$325 million surplus over six years at a gold price of US$1,650 per
Slide 24: Why Invest In Antilles Gold?
Why Invest In Antilles Gold? • Antilles Gold has the opportunity to participate through its joint venture with Government owned mining company, GeoMinera, in the successive development of several mines in Cuba to produce gold, silver, copper, and zinc concentrates. • Experienced Directors and Manage
Slide 25: Top 20 Shareholders 2 May 2022
Top 20 Shareholders 2 May 2022 Holding % Holder Name Holding % *Moonstar Investments Pty Ltd <The 52,210,000 14.79 Lazarus Securities Pty Ltd <Client A/C> 4,615,386 1.31 Pemberley a/c> * Hawthorne Pty Ltd <BGJ Super Fund a/c> 25,000,000 7.08 Jabba’s Pty Ltd 3,268,000 0.93 Mr Erle Edwinson 8,281,500
Slide 26: Appendix – Geology
Appendix – Geology • Ciego de Avila porphyry copper-gold deposits El Pilar Gaspar San Nicholas • New Horizons VMS polymetallic mineral belt Antonio San Fernando Santa Rosa Los Cerros • Golden Hills VMS copper-gold deposit
Slide 27: Ciego de Avila Porphyry Copper-Gold Deposits
Ciego de Avila Porphyry Copper-Gold Deposits Antilles Gold’s Exploration Director has reported the following with respect to the Ciego de Avila Project: • The group of three copper-gold porphyry deposits (El Pilar, Gaspar, and San Nicholas) within the 17,800ha concession were originally discovered i
Slide 28: Ciego de Avila Porphyry Copper-Gold Deposits continued
Ciego de Avila Porphyry Copper-Gold Deposits continued • All porphyry systems in tropical environments are leached at surface due to the large amount of pyrite that oxidizes and leaches metals downwards in the oxidized saprolite, to the fresh rock. • The interpreted porphyry systems are fertile as b
Slide 29: Ciego de Avila Deposits Geology and Mineralisation
Ciego de Avila Deposits Geology and Mineralisation • The El Pilar/Gaspar and San Nicholas prospects are located 4 km apart in volcaniclastic rocks that are intruded by two individual porphyry clusters. • El Pilar/Gaspar and San Nicholas are individual porphyry centres and indicate the potential for
Slide 30: El Pilar/Gaspar Aeromagnetic Survey
El Pilar/Gaspar Aeromagnetic Survey A4
Slide 31: Drilling at El Pilar Indicating Overlooked Porphyry Potential
Drilling at El Pilar Indicating the Previously Overlooked Porphyry Copper-Gold Potential • Shallow drilling at El Pilar has shown oxide mineralization of both gold and copper • The copper mineralization has been leached and is located below the gold zone and represents a classic leached oxide cap to
Slide 32: Surface Mineralisation of the El Pilar Deposit
Surface Mineralisation of the El Pilar Deposit Strong phyllic alteration and porphyry D-veins overprinting a copper-gold porphyry system at surface. A6
Slide 33: New Horizons Polymetallic Mineral Field
New Horizons Polymetallic Mineral Field The New Horizons Project, which was previously named the In addition, a Canadian N1 43-101 Technical Report on Los Pasos Project, encompasses two mining concessions the Project prepared by Toronto based consultants, totaling 31,700ha which cover an entire 40km
Slide 34: New Horizons Polymetallic Mineral Field
New Horizons Polymetallic Mineral Field New Horizons Project Geology Map A8
Slide 35: Antonio Polymetallic Deposit
Antonio Polymetallic Deposit RPA’s Mineral Resource Estimate below for the Antonio deposit is relatively small from limited shallow drilling but indicate encouraging grades of Cu and Zn MINERAL RESOURCE ESTIMATE – JUNE 15, 2018 Copper Contained Zinc Contained Silver Contained Deposit Resource Mining
Slide 36: Antonio Polymetallic Deposit
Antonio Deposit Antonio Polymetallic Deposit Geology Map The initial focus will be on the Antonio deposit which is similar to classic Abitibi type VMS mineralisation in Eastern Canada. • An estimated 50,000 tonnes of ore were extracted from the Antonio open pit in the late 1950’s. • The mineralisati
Slide 37: Golden Hills VMS Deposit
Golden Hills VMS Deposit The Golden Hills sulphide deposit which is located approximately 100km Antilles Gold is attracted to the Golden south-east of the Provincial Capital of Camaguey, was explored by Hills deposit as it could be a viable MacDonald Mines from Canada between 1994 and 1998 when they
Slide 38: Golden Hills Consulting Geologist's Report
Golden Hills Consulting Geologist’s Report Geology “The Golden Hills Au-Cu deposits are hosted in Cretaceous volcaniclastic rocks, that dip moderately west-northwest. These rocks outline a lens shaped body 7.0km long and about 2.0km in true thickness that is interpreted to be a section through a vol
Slide 39: Thank You
THANK FOU ANTILLES GOLD umitep