The Ilovitza Package In the heart EIS Approved Low strip open pit of Europe Mining Concession C onventional granted processing O verwhelming stakeholder support L ocal infrastructure: Pre-Feasibility Study: Royal Gold Stream:…
Operating in Macedonia IlovitzaAlready FDIcornerstone Lowest tax permitted of a politically and rate in Europe economically stable government Highly educated, Free Trade Ranked 30th by young and readily agreements with World Bank…
Ilovitza PFS Highlights Maiden Mineral Pre-tax NPV (5%)US 675 million; Reserve IRR:19% 2.45 Moz Au Post-tax NPV (5%)US 558 million; 905 Mlb Cu IRR :16% T H R O U G HPUT10 M T PA M I NE LI F E 23 Y R S S T RI P RATIO 0.7: 1 AV G…
Royal Gold Streaming Agreement US175m: Stream: Commitment to 2 tranches within 1 Sell 25% of gold deliver 525,000oz year totaling 15m produced at 25% gold over life of mine 3rd tranche 160m of spot gold price toward construction…
Finance Plan Stream underpins DFS/FEED financing Capex: US502m Provides building block for construction financing U S215m Senior debt 32% GOL D S T R EA M (R OYA L GOL D) P R OJEC T F I N A N C E permitted EQU I P M EN T L EA S…
Integrated Development & Financing Plan Q4 2014 Q1Q3 2015 Q4 2015 Q1Q2 2016 Q3 2016 Q4 2016 Appoint Ongoing E&S Commitment engineers Appointment of PM from banks DFS work and equipment financing J Potential London list J J…
Credible Delivery Robust project Simple mining Excellent economics & processing logistics Readily Unprecedented A management financeable local, national team that without & international has done it significant support all before…
Appendix Appendix
Resource & Reserve Statement Notes to Mineral Reserves: Mineral Reserve (Effective June 2014) Grade Contained Metal 1. Sulphide mill cut-off of 0.3 g/t gold equivalent based upon the following calculation: Recovered gold equivalency…
Geology & Resources Gold-Copper porphyry with classic porphyry zonation and minimal post mineral overprinting in open pit material Homogenous mineralisation with good grade continuity Pit constrained M+I Mineral Resources of: 237…
Mining and Reserves Mining by conventional open pit using large scale mining fleet Strip Ratio of 0.7:1 10Mtpa operation using 100t trucks in a highly competitive mining equipment market with leasing a possibility (not in PFS) PFS…
Site Layout & Infrastructure Excellent existing infrastructure Grid power and paved road to within 7km of site Haul road and access road costs developed based on local quotes Power infrastructure based on new line from main 110kV…
Simple & Proven Processing Crushing at pit exit, crushed ore transported to plant using a conveyor SAG and ball mill grinding Flotation of Cu-Au concentrate followed by tailings re-treatment to recover further Au to dor Oxide…
Tailings Management Facility W aste rock from the open pit used for embankment construction 1 0Mt of waste rock mining brought forward in to pre-production to allow construction of starter dam Standard downstream construction C…
Already Permitted Mining Concession Approved EIA Approved On 21st July 2012, pursuant to Article 33 of the The Ilovitza Project EIA was approved and gazetted Law on mineral raw materials, Euromax was granted by the Ministry of…
Project Execution We have embraced the considerable depth A corporate & local Owners Team has already and expertise in Macedonia and the Balkans been identified and is ready to be mobilised to by establishing a Technical Advisory…
Background In March 2012 European Goldfields (EGU) was sold The purpose of the cash injection was clear: for US2.5 billion To complete an initial programme that would define the true value of Ilovitza and form the basis upon The…
A Proven Board & Management Team Steve Sharpe Varshan Gokool Pat Forward Mar tyn Konig Tim Morgan- Randal President, CEO CFO & Director COO & Director Non-Execut ive Wynne Matkaluk & Director Chairman Non-Executive Director Non-Executive…
Corporate Information Capitalization Overview Capitalization Overview Market cap Market cap C 38 M C 38 M 12 month share price against Market Vector Closing Price (28 (28 Oct 14) C 0.44 Junior Gold Miners Index Closing price Oct 14)…
www.euromaxresources.com Steve Sharpe President & CEO E: ssharpeeuromaxresources.co.uk T: +44 203 667 2970 Karen Coke Investor Relations Manager E: kcokeeuromaxresources.co.uk T: +44 203 667 2970
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