Antilles Gold Ltd · ASX:AAU
Antilles Gold — Investor Presentation (July 2022)
28 slides from Antilles Gold's investor presentation, Jul 19, 2022
Slide 1: Updated Investor Presentation
19 July 2022 UPDATED INVESTOR PRESENTATION Antilles Gold Limited (ASX Code: AAU, OTCQB: ANTMF) (“Antilles Gold” or the “Company”) is pleased to provide the attached updated Investor Presentation dated 19 July 2022. This announcement has been authorised by the Chairman of Antilles Gold Limited. For f
Slide 2: About Antilles Gold Limited
ABOUT ANTILES GOLD LIMITED: o Antilles Gold’s strategy is to participate in the successive development of previously explored gold, copper, and zinc deposits in mineral rich Cuba. o The Company is at the forefront of the emerging mining sector in Cuba, and expects to be involved in the development o
Slide 3: Cuba - the new mining frontier
GOLD . SILVER . COPPER . ZINC Cuba - the new mining frontier INVESTOR PRESENTATION • 19 JULY 2022 ASX : AAU | OTCQB : ANTMF 1
Slide 4: Forward-Looking Statement
Forward-Looking Statement DISCLAIMER Some of the statements contained in this Presentation are forward-looking The Information contained in this Presentation is provided on the terms and statements, such as statements that describe Antilles Gold Limited’s (“AAU”) future conditions set out in this no
Slide 5: Share Structure
Share Structure Shares on Issue 353,404,961 Listed Options on Issue (AAUOB) (exercise price of $0.13, expiring 30 April 99,251,205 Share Price 13 July 2022 6.0 cents 2023) Market Capitalisation 13 July 2022 $21.2 M Option Price 13 July 2022 1.5 cents Top 20 Shareholders (%) 45.9 % Cash at 30 June 20
Slide 6: Antilles Gold – A First Mover in Cuba's Emerging Mining Sector
Antilles Gold – A First Mover in Cuba’s Emerging Mining Sector § Cuba is a new frontier for mining investment. § The Country has been extensively explored, but development opportunities have been substantially overlooked by the international mining industry for decades. § As a first mover, Antilles
Slide 7: Why Antilles Gold is Comfortable Operating in Cuba
Why Antilles Gold is Comfortable Operating in Cuba Mining Friendly Jurisdiction • Stability • Rapid Permitting • Low Operating Costs § Protective Laws for Foreign Investment and Minority Shareholding § Equal Board Representation in Joint Venture Company § Jointly Controlled Foreign Bank Account hold
Slide 8: Experienced Directors
Experienced Directors Brian Johnson James Tyers Executive Chairman Executive Director Operations Mr Johnson is a graduate in civil engineering from the University of Mr Tyers is a member of the AusIMM and has over 30 years’ Western Australia and a Member of the Institute of Engineers, experience in
Slide 9: Experienced Senior Management
Experienced Senior Management Dr Jinxing Ji Dr Chris Grainger Technical Director Vancouver Exploration Director Cuba Dr Ji highly knowledgeable metallurgist with 6 years of research Dr Grainger is an Australian geologist with +25 years of international experience in universities and 26 years of prac
Slide 10: Near Term Development Projects in Cuba
Near Term Development Projects in Cuba § An open pit gold-silver mine at La Demajagua on the Isle of Youth in south-west Cuba is planned to be commissioned in mid 2024 with estimated annual production of 100,000oz Au equivalent in a sulphide concentrate for eight years (based on JORC Resources). § A
Slide 11: Potential Commencement of Open Pit Mine Developments
Potential Commencement of Open Pit Mine Developments La Demajagua Au, Ag El Pilar Cu, Au Antonio Cu, Zn, Ag Q1/2023 Q2/2024 Q2/2025 La Demajagua Concession Development of open pit mine commencing - Q1/23 Commissioning - Q2/24 New Horizons Concession El Pilar Concession Drilling to commence - Q2/23 D
Slide 12: Exploration Projects in Cuba
Exploration Projects in Cuba Exploration is focused on two significant, previously explored concessions which are included in Antilles Gold’s Exploration Agreement with GeoMinera, where mines are expected to be developed to produce gold, copper, and zinc concentrates A very large, outcropping, coppe
Slide 13: Structures in Cuba
Structures in Cuba JOINT VENTURE MINING COMPANY, LOS LLANOS INTERNATIONAL MINERA LA VICTORIA SA (“MLV”) ECONOMIC ASSESSMENT OUR NEAR-TERM CASH FLOW OUR EXPLORATION INCUBATOR § GeoMinera transferred La Demajagua mining § An “Exploration Agreement” between Antilles Gold concession with approximately 2
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 late 2022, to allow construction commencement in Q1 2023. SITE LOCATION AND INF
Slide 15: La Demajagua JORC Resources
La Demajagua JORC Resources MINERAL RESOURCE ESTIMATE FOR LA DEMAJAGUA OPEN PIT PROJECT WITHIN PRELIMINARY SHELL at 0.8g/t Au cut off Resource Ag Grade Tonnes (Mt) Au Grade (g/t) Contained Au (oz) Contained Ag (oz) Category (g/t) Indicated 6.48 3.11 648,000 32.2 6,703,000 Inferred 3.8 2.10 260,000 2
Slide 16: La Demajagua Metallurgical Testwork
La Demajagua Metallurgical Testwork Based on the Resource definition, preliminary pit shell, materials scheduling, and results of metallurgical test work to date: Concentrate Production: Feed to the flotation plant is expected to be: § 70,000 tpa of bulk concentrate expected to be § 50,000 tpa of ox
Slide 17: La Demajagua Initial Scoping Study
La Demajagua Initial Scoping Study Project Development Cost US$75M LoM Production Costs US$32M (including royalties, financing, Life of Mine (“LoM”) 6years depreciation) Annual Metal Production ~100,000 oz AuEq LoM Concentrate Shipping Costs US$53M (80.0 oz Ag = 1.0 oz Au) LoM Profit After Tax US$31
Slide 18: La Demajagua Underground Mine
La Demajagua Underground Mine The drilling program necessary to establish JORC Resources for the underground operation planned to follow open pit mining and a DFS will be undertaken in 2029-2030. Antilles Gold will re-invest US$6.0 million of dividends from the open pit mine to undertake the drillin
Slide 19: El Pilar Oxide Deposit: Potential Gold-Copper Mine
El Pilar Oxide Deposit: Potential Gold-Copper Mine § Drilling at El Pilar has shown oxide mineralization of both gold and copper to 60m GOLD DOMAIN depth. § The copper domain is located below the gold domain and represents a classic leached oxide cap to a porphyry copper-gold system that has not bee
Slide 20: Antonio: Potential Re-opening Copper-Zinc Mine
Antonio: Potential Re-opening Copper-Zinc Mine A near term focus will be on re-opening the Antonio open pit mine which has a Antonio geological setting similar to classic Abitibi type VMS mineralisation in Eastern Canada. Deposit Geology Map § An estimated 50,000 tonnes of ore were extracted from th
Slide 21: Joint Venture Strategy of Organic Growth, Long Term Profits, Minimising Equity Contribution
Joint Venture Strategy of Organic Growth, Long Term Profits, Minimising Equity Contribution § Commissioning of La Demajagua open pit mine in mid 2024 § Operation of La Demajagua underground mine to follow to produce gold-silver sulphide concentrate. completion of open pit mining for 10 years. § Prel
Slide 22: Why Invest In Antilles Gold?
Why Invest In Antilles Gold? Investment Opportunity ü Antilles Gold has the opportunity to participate through its joint _______ venture with the Cuban Government’s mining company, GeoMinera, in Antilles Gold’s share of expected surplus the successive near-term development of three mines to produce
Slide 23: Appendix - Geology
Appendix - Geology § El Pilar copper-gold porphyry system El Pilar Gaspar San Nicholas § New Horizons VMS polymetallic mineral Antonio belt San Fernando Santa Rosa Los Cerros 21
Slide 24: El Pilar: Previously Overlooked Copper-Gold Porphyry System
El Pilar: Previously Overlooked Copper-Gold Porphyry System § A Group of three copper-gold porphyry-deposits (El Pilar, Gaspar and San Nicholas) within the 17,800ha El Pilar concession were originally explored by Canadian mining companies in the 1990’s. § Mapping, soil sampling, ground magnetics and
Slide 25: El Pilar Porphyry System-Geology and Mineralisation
El Pilar Porphyry System-Geology and Mineralisation § The El Pilar 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 mult
Slide 26: New Horizons Polymetallic Mineral Belt
New Horizons Polymetallic Mineral Belt The New Horizons project encompasses two mining A Canadian N1 43-101 Technical Report on the Project concessions totaling 31,700ha which cover an entire 40km long prepared by Toronto based consultants, Roscoe Postle VMS style polymetallic mineral belt near Sant
Slide 27: New Horizons Polymetallic Mineral Field
New Horizons Polymetallic Mineral Field New Horizons Project Geology Map 25
Slide 28: Thank you
Thank you ASX : AAU | OTCQB : ANTMF For more information, please contact: Brian Johnson; Executive Chairman Email: brianjohnson@antillesgold.net Phone: +61 2 481 1740 www.antillesgold.net 26