Mining Americas Inc. · TSX:MAI
Mining Americas — Minera Alamos — Investor Presentation (March 2024)
26 slides from Mining Americas's investor presentation, March 2024
Slide 1: Building the Next Mid-tier Gold Company
Building the Next Mid-tier Gold Company TSX.V: MAI | OTCQX: MAIFF | mineraalamos.com March 2024
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain those discussed in the forward-looking them to be categorized as mineral NI 43-101 Technical Report titled “forward-looking statements”. All statements, and even if such actual reserves, and there is no certainty that “Mineral Resource Up
Slide 3: Why Invest in Minera Alamos?
Why Invest in Minera Alamos? 1 We are proven builders – Heap leach mining expertise – Ability to expedite projects & minimize initial CAPEX – Same team that placed 4 mines into production 2 We are gold producers – 1st mining operation in production Santana Mine – 2nd planned mine in permitting stage
Slide 4: Growth Model
Growth Model Nurturing Growth Along the Mineral Santana Mine Development Lifecycle – In production – Growth Potential High value Cerro De Oro – 8-year initial mine life – In permitting – Funding secured – Growth Potential La Fortuna – 5-year initial mine life – All federal permits in place – Constru
Slide 5: Golden Foundations
Golden Foundations Unveiling Strong Economics in Gold Mining1 Santana ~15 Koz ~200 Koz 10 M Sub $900/oz (mine) Produced to Date Indicated Low Capex Cash Costs in 2022 Cerro ~58 Koz ~790 Koz 28 M $873/oz de Oro Annual Production Inferred Low Capex AISC per 2022 PEA (permitting) La ~50 Koz ~300 Koz 30
Slide 6: Growth Model
Growth Model Path to Intermediate Production 1 Assumes Cerro de Oro 5 Year Production Growth (oz) Permit Receipt Prior to Santana Cerro De Oro La Fortuna June 2024 Federal Elections 160000 (Funding package in place) La La Fortuna (currently 140000 2 Fortuna permitted) construction and supported by C
Slide 7: Low-Cost, Low Capital Intensity
Low-Cost, Low Capital Intensity Path to Intermediate Production Capital Intensity (US$/OZ)1,2 In addition to Santana, Minera Alamos holds two attractive development projects with comparably low capital intensity Source: Capital IQ; Corporate disclosure; Street research 1 Capital Intensity calculated
Slide 8: Board of Directors
Board of Directors Rich Diversity of Technical Expertise Darren Koningen Doug Ramshaw Kevin Small Ruben Padilla Bruce Durham P.Eng. B.Sc. Mining Geology P.Eng. P.Geo. P.Geo. CEO, Director President, Director Independent Director Independent Director Independent Director 25 years of engineering/ +25
Slide 9: Experienced Operating Team
Experienced Operating Team Deep Mexican mining experience DARREN KONINGEN DOUG RAMSHAW JANET O’DONNELL FEDERICO ALVAREZ P.Eng. B.Sc. Mining Geology M.Eng. CEO, Director PRESIDENT, Director CHIEF FINANCIAL OFFICER CHIEF OPERATING OFFICER 25 years of engineering/metallurgical +25 years in mineral reso
Slide 10: Minera Alamos Snapshot
Minera Alamos Snapshot Capital Structure1 Shareholder Distribution $C 127M $C 120M 52.9% Retail & Other Market Capitalization Enterprise Value 15.8% High Net Worth Individuals 11.0% Other Institutions 8.0% Aegis Financial 7.0% Donald Smith Family Trust Common Shares Outstanding 461 M 5.5% Management
Slide 11: Santana Project
Sonora State v Santana Project 100% Owned, Sonora State June 2021 Mining operations commenced Nov 2021 First gold production announced 2023 Permit amendments submitted to triple pad capacity for next phase 2024 Planned expansion of operations ahead of pad capacity increase TSX.V: MAI | OTCQX: MAIFF
Slide 12: Santana Mine Expansion
Santana Mine Expansion Mining – Direct mining cash costs of C$1180/oz in 2022 Leaching – Leach kinetics continue to track very favourably, with areas under active leach achieving 70% recoveries in 30-45 days and increasing Outlook – Main Nicho pipe is pre-stripped and now available to increase minin
Slide 13: Santana Resource Statement
Santana Resource Statement Mineral Resource Estimate Resource Category Cut-Off Grade Tonnes Average Grade Contained Au (All Zones) Au (g/t) (t) Au (g/t) (oz) Measured 0.15 6,540,000 0.65 136,000 Indicated 0.15 3,070,000 0.64 62,000 Total Measured and 0.15 9,610,000 0.65 198,000 Indicated Inferred 0.
Slide 14: Cerro De Oro
Cerro De Oro 100% Owned, Zacatecas State 70+ holes, 2 gold zones, 1 potential large pit 2020 Open in multiple Project Acquisition directions and at depth 2022 Cerro de Oro Surface rights in place Highway access and Aranzazu Mine 2022 grid power nearby [Aura Minerals] PEA release Noche Buena [Fresnil
Slide 15: Cerro de Oro – Minera's Next Mine
Cerro de Oro – Minera’s Next Mine Economic Key Highlights Production – 8+ year initial mine life – Average annual gold production of ~60,000oz – Life of Mine AISC of $873/oz – 0.3:1 Strip ratio – US$28 M Capex including 30% contingency Low Capital Intensity – Recent Santana build informs capital cos
Slide 16: Cerro de Oro PEA Summary
Cerro de Oro PEA Summary After-Tax NPV (5%) US$150.5 million IRR Payback Period 111% 11 months 111% Strong IRR After-Tax Summary Ave. Annual Production 58,400 oz gold US $28M Pre-Production Capital US$28 million (including 30% contingency) Sustaining Capital US$14.7 million LOM Average AISC US$873/o
Slide 17: Cerro De Oro – Updated Resource Statement
Cerro De Oro – Minera’s Next Mine Updated Resource Statement Mineral Resource Estimate Resource Category Cut-Off Grade Tonnes Average Grade Contained Au (Oxide Zone) Au (g/t) (t) Au (g/t) (oz) Inferred 0.15 67,000,000 0.37 790,000 Notes: – The independent and QP for the mineral resource estimates, a
Slide 18: Cerro de Oro Funding Package Executed With Auramet
Cerro de Oro Funding Package Executed With Auramet Highlights $15M $10M Of Definitive Documentation* Loan Facility Royalty Package – US$25 Million single source solution – 3-year term (PEA payback of less – 2.75% NSR for initial construction capex than 1 yr at $1600 gold) – Available on receipt of p
Slide 19: La Fortuna Project
La Fortuna Project Durango State 100% owned, Durango State 2016 Project Acquisition 2018 Positive PEA Announced 2020 Federal Permits Received TSX.V: MAI | OTCQX: MAIFF | mineraalamos.com 19
Slide 20: La Fortuna – Initial High-Grade Starter Pit
La Fortuna Initial High-Grade Starter Pit High-Grade High-Margin – +300k oz resources currently defined – Majority of resource grades 3.5-4.0 g/t Au – Metallurgical testing demonstrated +90% Au recoveries Processing Capacity – 2,000 tpd mill acquired – 1,100 tpd starter operation contemplated and ex
Slide 21: La Fortuna PEA Economic Summary
La Fortuna PEA Economic Summary After-Tax NPV (7.5%) US$69.8M IRR Payback Period 93% 11 months 93% Strong IRR After-Tax Summary Ave. Annual Production 43k oz Au, 220K oz Ag 1,000 t Cu (50k oz AuEq) Pre-Production Capital US$26.9M LOM Average AISC Mine US$440/oz 5 years $1,250/oz Mill Throughput (avg
Slide 22: La Fortuna Exploration Potential
La Fortuna Exploration Potential 1 Multiple zones of “La Fortuna-style” mineralization identified 2 Some alteration zones (e.g. PN Prospects area) are significantly greater in scale than those present at La Fortuna 3 No systematic exploration since 2008/09 Zone Description – Parallel fault structure
Slide 23: Minera Copper
“Minera Copper” Copper Capex Doesn’t Have to Start With a “B” Highlights – Just north of the Santana gold project in Sonora, Mexico – Adjacent to a major state highway leading to mineral concentrate ocean port facilities at Guaymas, Sonora – 8-10 million tonnes of open pittable resource potential at
Slide 24: Minera Copper
“Minera Copper” Copper Capex Doesn’t Have to Start With a “B” Discussions – The Company is continuing discussions both internally and with interested parties to surface value for shareholders from existing copper assets within the Company’s mineral property portfolio. – Several complementary assets
Slide 25: Catalysts
Catalysts TSX.V: MAI | OTCQX: MAIFF | mineraalamos.com 25
Slide 26: Thank you
Thank you For more information contact us: info@mineraalamos.com /MineraAlamos /MineraAlamos @MineraAlamos @MineraAlamos mineraalamos.com