Meridian Mining Plc · TSX:MNO
Meridian Mining — Meridian Mining UK S — Investor Presentation (May 2022)
31 slides from Meridian Mining's investor presentation, May 2022
Slide 1: Cabaçal: Targeting multi million ounce gold and billion plus pounds of copper discoveries
Cabaçal: Targeting multi million ounce gold and billion plus pounds of copper discoveries Corporate Presentation, May 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation does not constitute or form a part of, and should not be construed as an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of Meridian Mining UK Societas (“Meridian”), nor shall i
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Meridian is led by an experienced team of mine financiers, developers and operators The Cabaçal Project is Shallow copper-gold VMS mineralization increased to over 50km with high-grade gold overprint defined over 11km mine corridor a camp a scale VMS Cabaçal Central is a predef
Slide 4: Corporate Information - Meridian Mining UK S
CORPORATE I NFORMATION - M ERIDIAN M INING U K S Meridian Mining UK S listed on the TSX (Ticker: MNO) Corporate Structure1 Management ownership: Shares Outstanding 168.7 m 12.7 million shares (7.6% outstanding) Warrants 17.6 m 0.9 million warrants & 8.5 million options (11.0% fully diluted) (CAD 0.1
Slide 5: Meridian Leadership
M ERIDIAN L EADERSHIP G I L B E RT C L A RK SORAIA MORAIS A F O N S O F I G U E I RED O Executive Chairman Chief Financial Officer Geologist +25 years experience + 15 years experience + 50 years experience A D R I A N M C A RT HU R VITOR B E L O ROCKY OSBORNE CEO & Director Brazilian Mining Consulta
Slide 6: Cabaçal Overview
CABAÇAL CABAÇAL OVERVIEW Listing Location Infrastructure Managing the Energy Transition Risk TSX......................MNO Country.................Brazil OTCQB............MRRDF State........Mato Grosso Frankfurt................2MM Mining Jurisdiction.....Tier 1 Road Rail Hydro- Power Major Metals Co-
Slide 7: Controlling Position in Copper-Gold VMS Belt
CABAÇAL C ONTROLLING P OSITION IN C OPPER -G OLD VMS B ELT Cabaçal is a camp scale VMS project under- explored and under-developed Cabaçal is the most advanced of 7 surface prospects on the tenements Cabaçal's multiple targets are consistent with deposit MINE CORRIDOR: VTEM CONDUCTIVITY WITH TARGETS
Slide 8: Extending the Potential Around Cabaçal Mine
CABAÇAL E XTENDING THE P OTENTIAL AROUND C ABAÇAL M INE Cabaçal represents a potential standalone copper-gold-silver open-pit operation Cabaçal target zones defined over 2,000 x 500 meters CD-106 103.3m @ 0.6% CuEq Inc 5.8m @ 4.3% CuEq VMS copper-gold system open to Northwest, West and Southeast A’
Slide 9: Cabaçal Central - Resource Development Program
CABAÇAL C ABAÇAL C ENTRAL - R ESOURCE D EVELOPMENT P ROGRAM 1 See News Release: 31st January 2022, 29th & 24th Nov, 13th , 7th and 2nd Sept, 31st August, 13th July, 28th & 15th June, 26th April & Cabaçal has the potential to become a large open pit copper-gold-silver standalone operation ^ TOP: HIST
Slide 10: Cabaçal Resource Development Program & Extensions
CABAÇAL C ABAÇAL R ESOURCE D EVELOPMENT P ROGRAM & E XTENSIONS ~2 km OPEN OPEN CNWE Cabaçal Mine OPEN CSEE Cabaçal has the potential to become a large open pit copper-gold-silver standalone operation 950 m 550 m OPEN OPEN CNWE Cabaçal Mine Corporate Presentation, May 2022 TSX: MNO / OTCQB: MRRDF / F
Slide 11: Cabaçal Northwest Extension Mineralization
CABAÇAL C ABAÇAL N ORTHWEST E XTENSION M INERALIZATION CNWE Section – Holes CD-113 & CD-049 21st October 13th, 7th & 2nd September 2021 CD-106 103.3m @ 0.6% CuEq Inc 5.8m @ 4.3% CuEq 1 See News Release: 26th April, 31st Jan 2022, 29th & 9th November, Meridian hitting more high-grade gold through ang
Slide 12: Visualizing The 11km Mine Corridor
CABAÇAL V ISUALIZING T HE 11 KM M INE C ORRIDOR 11km mine corridor N View of 11km mine corridor connecting the historic mines of Cabaçal and Santa Helena Two high grade historic underground mines define 11 km New Discovery 44m @ 1.5 g/t Au corridor Viewpoint Drilling confirming open pit potential at
Slide 13: Re-Focusing Santa Helena as an Open Pit Development
CABAÇAL R E - FOCUSING S ANTA H ELENA AS AN OPEN PIT DEVELOPMENT Expanding the Santa Helena Footprint Meridian maps extensive gold over print of Santa Helena’s copper‐gold‐silver‐zinc VMS deposit Meridian identifies open, 1.3km gold trend at Cabaçal’s Santa Helena deposit Robust gold mineralization
Slide 14: Development Timeline
CABAÇAL D EVELOPMENT T IMELINE Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 TIMELINE 2022 2022 2022 2022 2023 2023 2023 2023 Advancing Cabaçal Project Landholder access agreements Environmental Studies Preliminary License (PI) Environmental License (LI) Engineering Cabaçal Project Scoping Study Engineering Testwork Pre-
Slide 15: Structured Option Agreement to Acquire Cabaçal 100%
Structured Option A g r e e m e n t t o a c q u i r e a CABAÇAL 100% beneficial interest1 Protects Meridian Shareholders Equity and provides Vendors an Interest Going Forward Payment Schedule Vendor Payment Vendor Payment Payments Requirements Comments Complete (Months) (USD) (Shares) MNO will have
Slide 16: Investment Highlights
I NVESTMENT H IGHLIGHTS Meridian is led by an experienced team of mine financiers, developers and operators VMS mineralization increased to over 50km with high- grade gold overprint defined over 11km mine corridor Cabaçal Central is a predefined potential open pit standalone copper-gold-silver proje
Slide 17: Additional Geology
ADDITONAL GEOLOGY Corporate Presentation, May 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 18: Cabaçal Central - Resource Development Program
CABAÇAL C ABAÇAL C ENTRAL - R ESOURCE D EVELOPMENT P ROGRAM 1 See News Release: 31st January 2022, 29th & 24th Nov, 13th , 7th and 2nd Sept, 31st 300 m Expanded 15,000m drill program to focus on validation, extensional and metallurgical programs for the Cabaçal August, 13th July, 28th & 15th June, 2
Slide 19: Large Scale Open-Pit Potential Production Scenario
CABAÇAL L ARGE SCALE OPEN - PIT POTENTIAL PRODUCTION SCENARIO Copper-gold layers are High grade gold overprint Mineralization open down New over-printing high- thick and shallow dipping of VMS layers dip and along strike grade gold veins from near-surface 1 See News Release: 29th Nov, 7th and 2nd Se
Slide 20: Expanding Future Potential Resource Zones
CABAÇAL E XPANDING F UTURE P OTENTIAL RESOURCE ZONES CD-088 JUSPD 338 Un-assayed historical zones Potential to extend mineralized zones in shallow zones of historic drilling Intact VMS layers 66.1m @ 1.0%CuEq including: 34.1m @ 1.6%CuEq ^ SECTION OF CD-088, SHOWING THE BROADER MINERALIZED FOOTPRINT
Slide 21: Potential for Expansion of the Historic Resource
CABAÇAL P OTENTIAL FOR EXPANSION OF THE HISTORIC RESOURCE Resource expansion opportunities: Historic Resource1 Current Criteria New near-surface zones outside of the limits of the Cabaçal Resource 21.7Mt @ 0.6% Cu & 0.6 g/t Au - Mine Cut-off Grade 0.2% CuEq - Metals pricing has more than doubled sin
Slide 22: Historic Santa Helena High-Grade Zn-Cu-Au-Ag-Pb Mine
H ISTORIC S ANTA H ELENA H IGH -G RADE CABAÇAL Z N -C U -A U -A G -P B M INE estimates (ZnEq % = Zn% + (2.14 * Cu%) + (0.39 * Au ppm) + (0.007* Ag ppm); Metallurgical Recovery = 89% Zn, 89% Cu, 65% Au, 61% 1 See News Release: 7th February 2022. Readers are cautioned that the historic resource is not
Slide 23: Regional Exploration Targets
CABAÇAL R EGIONAL E XPLORATION TARGETS 1 Dominant land position in the emerging Cabaçal copper-gold VMS belt secured with over Cabaçal Mine 928 km2 Regional focus of BP Minerals in 1980’s defined the historical copper-gold geochemical anomalies ^ CONSOLIDATING THE DISTRICT LANDBANK Santa Helena Mine
Slide 24: Appendix
APPENDIX Corporate Presentation, May 2022 TSX: MNO / OTCQB: MRRDF / Frankfurt: 2MM meridianmining.co
Slide 25: Brazil – A Tier 1 Mining Jurisdiction for M&A
BRAZIL – A TIER 1 MINING JURISDICTION FOR M&A “Our experience in Brazil has been excellent… We are ‘underweight’ Brazil at the moment… However, I can’t say now if our Brazil exposure will increase or not. That all depends on finding the right asset.” - Lukas Lundin Mato Grosso Projects Copper-gold M
Slide 26: Mato Grosso - Excellent Infrastructure
MATO GROSSO - EXCELLENT INFRASTRUCTURE Existing Infrastructure is in place ready for the future mine developments at Cabaçal Road – Highway to ~20km, and all-weather roads to site Rail Line – Short trucking distance from Cabaçal Jaca Project Anglo American connecting direct to port Port - Sao Paulo
Slide 27: Managing Energy Transition Risk
C MA BAAG Ç AN I NA G LO U R E N E R G Y T R A N S I T I O N R I S K EXAMPLE: USINA 1 – PCH TELEGRAFICA 30 MW1 Regional Hydroelectric Generation2 ^ Brazil energy matrix ~ 65% of its energy generated by hydropower plants Local hydroelectric facilities: Jaurú Cascade - 235.9 MW (6 Facilities) Juba Cas
Slide 28: Cabaçal Historical Operation
CABAÇAL Cabaçal Historical Operation 1 Cabaçal Historical Production EXAMPLE OF FLOATATION SEPARATING CU & ZN CONCENTRATES - SANTA HELENA MINE ^ Cabaçal underground mine operated by BP Minerals / Rio Tinto from 1987 to 1991 producing 869,279t at 5g/t gold & 0.82 % copper 3 g/t gold only cut-off grad
Slide 29: Defining the Industry's Next VMS Camp
CA B A ÇA L Defining the Industry’s Next VMS Camp Cabaçal VMS Project Analogues Cabaçal is a camp scale VMS project underexplored and under-developed compared to analogue camps VMS deposits tend to form periodically, related to hydrothermal convection cells on the ocean floor at ~4km spacings Cabaça
Slide 30: VMS Camps: Importance of Modern Exploration Techniques
VMS Camps: Importance of Modern Exploration CA B A ÇA L Techniques Flin Flon Greenstone Belt Mine Life The Technical Evolution & Discovery Methods First discovery identified through prospecting (David Collins - Tom Method Used Creighton, 1914) Geophysical • Early mapping and geochemistry may Geologi
Slide 31: Meridian Mining UK S Contact
Meridian Mining UK S Dr Adrian McArthur Gilbert Clark Investor Contact: Corporate Address: Chief Executive Officer Executive Chairman +1 778 715 6410 6th Floor, 65 Gresham Street, London Email: amcarthur@meridianmining.net.br Email: gclark@meridianmining.net.br EC2V 7NQ United Kingdom Corporate Pres
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