Avrupa Minerals Ltd. · TSXV:AVU
Avrupa Minerals — Investor Presentation (January 2017)
47 slides from Avrupa Minerals's investor presentation, January 2017
Slide 1: World Class Districts, New Discoveries, Shareholder Value
TSX.V: AVU FRANKFURT: 8AM US DTC: AVPMF World Class Districts New Discoveries Shareholder Value
Slide 2: Disclaimers
Disclaimers Some of the statements contained in this presentation are forward-looking statements. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control, including, but not exclusively, statements regarding potential mi
Slide 3: Prospect Generation Model
Prospect Generation Model Exploration is a Risk-Filled business. We Minimize shareholder risk by: HAVING EXPERIENCED GEOLOGISTS WORKING IN WORLD CLASS DISTRICTS Vardar Trend (Kosovo), Iberian Pyrite Belt (Portugal), N. Portugal W-Au Belt (Portugal) FUNDING FROM JV PARTNERS C$15 million funded to dat
Slide 4: Summary of Projects
Summary of Projects Germany Projects optioned out Erzgebirge JV (Au-W) Portugal • Alvalade – Colt Resources • Covas – Blackheath Resources Kosovo • Slivovo – Byrnecut International North Portugal Covas JV (W–Au) Available projects: • 4 licenses in Portugal • 1 licenses in Kosovo • 1 license in Germa
Slide 5: Project Generation in Portugal
Project Generation in Portugal Why Portugal? • The Iberian Pyrite Belt is ELEPHANT country. • No real exploration since the mid 1990’s. • Until the Alvalade discovery in 2014, the last discoveries in Portugal were Neves Corvo in 1977 and Lagoa Salgado in 1992. • Neves Corvo, Aljustrel, Rio Tinto, Ag
Slide 6: Portugal Pyrite Belt – Mines and deposits
Pyrite Belt – Mines and deposits Badajoz Producing Mine Lisbon Past Producer Setubal SPAIN Known Deposit PORTUGAL Madrid Iberian Pyrite Belt Lisbon Lagoa Salgada Sevilla Rail Line Caveira Lousal Beja Sines • Las Cruces produced 70,029 tonnes Aljustrel Aracena of copper in 2015 S. Telmo Aguas Tenidas
Slide 7: Evolution of the Alvalade JV
2016 5,000m drilling program underway. Massive sulfide lens confirmed Evolution of the 2015 Alvalade JV Colt buys Antofagasta’s 60% share for $6M 2014 Drilling expands mineralization to 1.8 kms 2014 INITIAL VMS DISCOVERY Cu/Zn/Pb 2012 $4M Option agreement signed with Antofagasta 7
Slide 8: Discovery at Alvalade
Discovery at Alvalade Sesmarias West target – 1,800 meters strike length of mineralization to a depth of 300 meters in a single, structurally-deformed sedimentary rock unit 10.85 meters @ 1.81% Cu, 75.27 ppm Ag, 2.57% Pb, SES002 4.38% Zn, 0.13% Sn 1.5 meters @ 1.61% Cu, 54 ppm Ag, 2.30% Pb, SES006 3
Slide 9: Evolution of the Covas JV
2015 NI 43-101 Tungsten Resource completed Evolution of the Covas JV 2014 Blackheath earns in 75% after spending €1.3M 2012 Exploration work began 2011 Option agreement signed by Blackheath Resources 9
Slide 10: Covas Tungsten Resource Estimate
Covas Tungsten Resource Estimate Including seven separate deposits in close proximity is estimated to contain: • 449,800 MTUs WO3 indicated mineral resource based on 1,081,000 tonnes at an average grade of 0.42% WO3 • 767,100 MTUs WO3 inferred mineral resource based on 2,211,000 tonnes at an average
Slide 11: Project Generation in Kosovo
Project Generation in Kosovo Why Kosovo? • Long metals mining history from productive belts – mining since Roman times for gold, silver, base metals • Mineralization everywhere, including world-class Stan Terg Ag-Pb-Zn mine • Proximity to discoveries in Serbia – Avala Resources, Dundee Precious Meta
Slide 12: Evolution of the Slivovo JV
2016 NI 43-101 Resource, Project Study delivered Evolution of the 2015 Byrnecut earns 75% Slivovo JV interest after funding € 2M 2014-15 Total of 44 holes drilled 2014 HIGH GRADE GOLD DISCOVERY AT SLIVOVO 2014 Option agreement signed by Byrnecut International TSX.V: AVU 12
Slide 13: Gold results, to date, greater than 0.5 g/t Au
Gold results, to date, greater than 0.5 g/t Au • Discovery hole was 126.5 meters of 6.2 grams per tonne gold and 15 grams per tonne silver. • Initial NI 43-101 resource model and estimation completed: • 640,000 mt @ 4.8 g/t gold; 14.68 g/t silver – Indicated Mineral Resource • 98,700 ounces gold and
Slide 14: Previous drill results from the Main Gossan Zone
Previous drill results from the Main Gossan Zone: Hole From (m) To (m) Interval (m) Gold -- g/t Silver -- g/t SLV-004 0 126.5 126.5 6.2 15.0 SLV-005 27 39 12 12.2 8.02 SLV-006 50 55.5 5.5 1.1 12.8 And 74.9 85.7 10.8 1.25 15.1 SLV-011 67 91 25 1.02 7.08 And 91 121 30 6.92 16.20 SLV-014 31 88 57 2.09
Slide 15: Recent drill results from the Gossan Extension Zone
Recent drill results from the Gossan Extension Zone: Hole From (m) To (m) Interval (m) Gold -- g/t Silver -- g/t DHIP001 84.5 99.5 15 5.98 15.89 SLV-051 68 94.4 26.4 2.76 17.93 SLV-052 75.75 110.7 34.95 1.07 11.34 SLV054 71 108.85 37.85 1.52 18.07 SLV-055 28.5 47.2 18.7 2.51 12.38 SLV-056 112 157 45
Slide 16: Gold below the fault in Gossan Extension Zone
Gold below the fault in Gossan Extension Zone • Gossan Extension Zone at 95 meters strike length from Main Gossan Zone • Open to east and Gold intercepts in red down dip • New zone of gold mineralization discovered below boundary thrust fault TSX.V: AVU 16
Slide 17: Management & Directors
Management & Directors Mark T. Brown – Director, Executive Chairman • President, Pacific Opportunity Capital, a financial consulting firm • Previously at PriceWaterhouseCoopers, Miramar, and Eldorado • Founder of Rare Element Resources, financier, listed it on NYSE Amex. Paul W. Kuhn – Director, Pre
Slide 18: Management & Directors
Management & Directors Paul I. Nelles – Director • +40 years worldwide experience in metals exploration management and production • Previously Deputy Managing Director of Kosovo Trust Agency and Trepça Manager, United Nations Mission in Kosovo (UNMIK) Frank Högel – Director • CEO, Peter Beck Perform
Slide 19: Plans for 2017
Plans for 2017 Environmental review work underway at Covas tungsten project in north Portugal – working towards a PEA. Establish additional joint ventures for South Portugal licenses – particularly Alvito, Marateca, and Mertola. Take control of 100% of license and resume drilling program at the Alva
Slide 20: Share Structure
Share Structure Tightly held share structure (as of 12/31/2016) • 74.0 million shares outstanding • 125 million shares outstanding, fully diluted • >50% of shares held by insiders, family, and large shareholders Cash from JV’s and Operating Partners • Antofagasta spent US$6,456,000 since the beginni
Slide 21: Contact us
TSX.V: AVU FRANKFURT: 8AM US OTC: AVPMF Contact us: info@avrupaminerals.com www.avrupaminerals.com Mark T. Brown – Director, Executive Chairman Phone: +1-604-687-3520 ext 242 Paul W. Kuhn – Director, President, and CEO Phone: +351-925972240
Slide 22: Appendices -- Properties
Appendices -- Properties Portugal Kosovo Germany •Alvalade JV (p.23) •Slivovo JV (p.33) •Erzgebirge (p. 46) •Covas JV (p. 28) •Metovit •Marateca (p. 38) •Alvito (p. 40) •Mertola •Santa Margarida TSX.V: AVU 22
Slide 23: Alvalade JV -- Terms
Alvalade JV -- Terms A summary of the JV terms with Colt Resources are as follows: • Colt will pay Antofagasta a total of up to US$ 7.1 million in increments, some over specified time periods, and certain other payments based on completion of a resource estimate, a feasibility study, and then upon c
Slide 24: Alvalade JV (copper-zinc)
Alvalade JV (copper-zinc) TSX.V: AVU 24
Slide 25: Alvalade JV -- Iberian Pyrite Belt
Alvalade JV -- Iberian Pyrite Belt What we’ve done at Alvalade • Came up with a new geological model to drive exploration • Re-logged +50,000 meters of available core and collected more than 5,500 samples of all types • Compiled, reviewed, and re-interpreted regional gravity and magnetics data, geoc
Slide 26: Discovery at Alvalade
Discovery at Alvalade The strike length of the Sesmarias West target is similar to the strike length of Neves Corvo. Mineralization discovered along 1,800 meters of strike length at original Sesmarias West target, though faulting makes exploration extremely complicated. TSX.V: AVU 26
Slide 27: Alvalade JV -- Iberian Pyrite Belt
Alvalade JV -- Iberian Pyrite Belt TSX.V: AVU 27
Slide 28: Covas JV
AVRUPA MINERALS TSX.V: AVU Covas JV AVRUPA LICENSES AND JV'S IN PORTUGAL COVAS JV BRAGA OFFICE @ MARATECA SANTA MARGARIDA DO SADO GRANDOLA OFFIC! [__] ucenses [_] sown ventures Kilometers fi_i] APPLICATIONS Scale: 1:2,500,000 28
Slide 29: Covas JV -- Terms
Covas JV -- Terms The details of the option agreement with Blackheath Resources are: • To earn 51% of the joint venture, Blackheath must spend €300,000 on exploration by March 20, 2013 (completed). • To earn a further 19% of the JV (for an aggregate total of 70%), Blackheath must fund €700,000 on ex
Slide 30: Covas JV -- Tungsten District
Covas JV -- Tungsten District Covas Tungsten District – previous work • Previous operators mined 366,000 mt @ 0.61% WO3 • Union Carbide estimated mineral resources of 922,900 metric tonnes @ 0.78% WO3 ( non – NI-43-101 – compliant – compliant resource now completed. • 329 drill holes, ~27,000 meters
Slide 31: Covas JV (tungsten-gold)
Covas JV (tungsten-gold) COVAS JV • Partner is Blackheath Resources (TSXV: BHR) • Management experience at Panasquiera tungsten mine with Primary Metals in 2003-2007 – monetized huge profits in sale to Sojitz Corp • Do it again at Covas! PROGRESS • Phase 1 drilling completed: 15 holes and 1,606 mete
Slide 32: Covas JV (tungsten-gold)
Covas JV (tungsten-gold) Gold -- Tungsten soil anomalies and Tungsten in stream anomalies at Covas TSX.V: AVU 32
Slide 33: Slivovo JV
AVRUPA slivovo uv MINERALS AVRUPA LAND IN KOSOVO METOVIT PRISHTINE SLIVOVO |i ACTIVE EXPLORATION LICENSE se we AVRUPA Kilometers MINERALS TSX.V: AVU 33
Slide 34: Slivovo gossan discovery - Vardar Zone
Slivovo gossan discovery - Vardar Zone Slivovo License (15.14 km2) • Acquired Q2 2012, as a result of GIS-based generative program, using new regional geological ideas and basic field work • Discovered a gold-bearing gossan zone at/near the intersection of NNW-trending Vardar fault and NE-trending c
Slide 35: Slivovo JV -- Terms
Slivovo JV -- Terms Under the Earn-In Agreement with Byrnecut International, Avrupa will be the operator through the first two stages, and Byrnecut will have the following participation options: • To earn a 51% interest in the Slivovo Project, Byrnecut must spend €1,000,000 for exploration on the pr
Slide 36: Slivovo JV – NI 43-101 Resource Estimate
Slivovo JV – NI 43-101 Resource Estimate The results of the Mineral Resource estimate are provided in the table below. The Indicated Mineral Resources are reported at a cut-off of 1.0 g/t gold. Grade>Cut-off Contained Metal Au Cut-off Tonnes > Cut-off Au Au (g/t) (tonnes) (g/t) Ag (g/t) (ozs) Ag (oz
Slide 37: Other Projects -- Portugal
Other Projects -- Portugal TSX.V: AVU 37
Slide 38: Marateca (copper-zinc)
Marateca (copper-zinc) Marateca, Pyrite Belt • New understanding of regional geology and structure, gained from work on Alvalade JV, leads to more exciting targets at Marateca; • 2 massive sulfide targets remain virtually untested at São Martinho and Volta; • Total of 12 known target areas on licens
Slide 39: Marateca (copper-zinc)
Marateca (copper-zinc) 12 mostly untested target areas at Marateca and adjacent Alvito (Avrupa drill locations in purple) TSX.V: AVU 39
Slide 40: Alvito (copper-gold)
Alvito (copper-gold) Alvito, Ossa Morena Zone • >850 square kilometer property – virtually unexplored • Pyrite Belt targets in the NW 1/4 – moved to Marateca license • Potential for large iron oxide copper-gold (IOCG); porphyry Cu-Au; epi- thermal precious metals; and massive sulfide systems • Over
Slide 41: Alvito (copper-gold)
Alvito (copper-gold) Alvito license, adjacent to Marateca: Ossa Morena targets in purple areas; Pyrite Belt targets straddle Alvito and Marateca licenses. TSX.V: AVU 41
Slide 42: Alvito (copper-gold)
Alvito (copper-gold) Copper anomalism in soil samples on Alvito license: NW-trending zone is nearly 25 km long and 3-4 km wide. TSX.V: AVU 42
Slide 43: Alvito (copper-gold)
Alvito (copper-gold) Zinc anomalism in soil samples on Alvito license: NW-trending zone is more spread out than copper anomalism and may delineate additional targets TSX.V: AVU 43
Slide 44: Alvito (copper-gold)
Alvito (copper-gold) First-pass prospecting targets on/near the Alvito license TSX.V: AVU 44
Slide 45: Other Projects -- Kosovo
Other Projects -- Kosovo TSX.V: AVU 45
Slide 46: Germany – Erzgebirge (gold-tin)
Germany – Erzgebirge (gold-tin) Northern Portugal Erzgebirge license Worldwide belts of reduced intrusion-related gold deposits – from C.J.R. Hart, 2007 • Oelsnitz license covers Au, Mo, W, As and geological anomalies delineated by Beak’s proprietary GIS application • New model for district Reduce
Slide 47: Erzgebirge – Prospect Generation
Erzgebirge – Prospect Generation Old mining district – NEW IDEA • Explored and mined for tin, base metals, silver, fluorite, uranium for 900 years • Never explored for gold, but same style of geology as in northern Portugal, Tintina Gold District • Partner, Beak Consultants, acquired and compiled 90
Avrupa Minerals — Investor Presentation (January 2017) on 6ix