Our shareholders should decide their own investment strategy Philosophy, Opportunity, Execution
Our shareholders should decide their own investment strategy Philosophy Our shareholders We are therefore Shareholders in should decide their committed to return Euromax should own investment all free cash flow benefit from a…
Opportunity In the heart of Europe EIS Approved & Mining Homogenous grade The first greenfield Concession granted Simple mining mine in the Balkans Overwhelming National Simple processing for 30 years & local support Excellent…
Execution 2012-2014 2015 H12016 H22016H22017 2018 Definitive Feasibility Study FEED - Construction Manager & - Final Contractor PFS PEA Team Selection Construction Ramp Up & Production - Initial Contractor Selection -…
Macedonia Embracing Mine Development Tangible FDI - cornerstone Lowest tax Governmental of a stable and rate in Europe Support growing economy Highly educated, Free Trade agreements Ranked 30th by the young and readily with EU and…
Corporate Execution Varshan Gokool Pat Forward Martyn Konig Tim Morgan- Randal All CFO &corporate Directo functions COO & Director have been transferred Non-Executive Chairman Wynne from Non-Executive Director Matkaluk…
Project Execution Definitive Feasibility Study / FEED Environmental & Social Impact Assessment AMEC Foster Wheeler Plant & Process C 44.4 M Baseline Study (Socio-economic Survey) Design ESIA Team: Golder Associates, DMT Mining…
Project Development Team DFS phase TechnicalCommiNee BillAbel(Chairman) PatForward TimMorgan-Wynne MKTechnicalAdvisoryScienCc VarshanGokool CommiNee BorisFidanchev(Met) MarinAlexander(Geol) PatForward DimitarDimitrov(Geol) COO…
Ilovica PFS Maiden Mineral Reserve Pre-tax NPV(5%) US 675 million - 2 . 4 5 Moz Au IRR:19% Post-tax NPV(5%) US 558 million - 9 0 5 Mlb Cu IRR:16% THROUGHPUT 10 MTPA MINE LIFE 2 3 YRS S T R I P R AT I O 0 .7 : 1 AV G P R O C E S S R E…
Financing Package EBRD / Royal Gold US20m pre-construction finance Capex: US502m German Government Support US 240m through UFK GOLD STREAM PROJECT FINANCE EQUIPMENT LEASING US 215m Project Finance EBRD & Other Equity US 25m…
Project & Equipment Finance UFK in-principle eligibility US215 million Project US25 million Finance 12 year term Equipment Finance German Untied Loan Socit Gnrale & Caterpillar Financial Guarantee Scheme UniCredit Bank Due…
Execution & Delivery Timetable
Philosophy, Credible Opportunity, Execution Delivery Shareholders to benefit Robust project Unprecedented local, from fully transparent economics national & international direct return Simple mining, support processing & logistics A…
www.euromaxresources.com Steve L C Sharpe President & CEO E: ssharpeeuromaxresources.co.uk T : +44771 516 9497 Varshan Gokool Chief Financial Ocer E: vgokooleuromaxresources.co.uk T: + 44 785 850 5841
Appendix
Resource & Reserve Statement Notes to Mineral Reserves: Mineral Reserve (Eective June 2014) Grade Contained Metal 1. Sulphide mill cut-o of 0.3 g/t gold equivalent based upon the following calculation: Recovered gold equivalency based…
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 Mt…
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 Waste rock from the open pit used for embankment construction 10Mt of waste rock mining brought forward in to pre-production to allow construction of starter dam Standard downstream construction…
Logistics Transportation costs of US45 per tonne of 230'0E 2330'0E 240'0E 2430'0E Trun . . . . concentrate (Ilovica Pirdop) . Pirdp . Brzni . . Sfia . . . . . . 47 km paved road haul to the existing Petrich Prni…
Environmental & Social Aspects Environmental & Social Ilovica Project Impact Assessment Stakeholder Engagement C 44.4 M BaselineStudy Number of face to face meetings with (Socio-economic Survey) national level stakeholders ESIA…
Permitting Mining Concession Approved Local EIA Approved On 21st July 2012, pursuant to Article 33 of the Law on The Ilovica Project EIA was approved and gazetted by mineral raw materials, Euromax was granted a 30 years the Ministry of…
Background In March 2012 European Goldfields (EGU) was sold for US2.5 billion - Infill drilling programme to upgrade Inferred The former EGU Management identified a copper Resource to Measured and Indicated gold porphyry (Ilovica)…
A Proven Board & Management Team Steve Sharpe Varshan Gokool Pat Forward Martyn Konig Tim Morgan- Randal Bill Able President, CEO CFO & Director COO & Director Non-Executive Wynne Matkaluk Non-Executive Director & Director Chairman…
Corporate Information Capitalization Overview Share price against Market Market cap C 57.2 M Vector Junior Gold Miners Index Closing price (23 August 15) C 0.49 52 Week High C 0.60 52 Week Low C 0.17 Indexed to 23 August 2015 Shares…
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