Its all about Execution A simple to develop, homogenous orebody with metallurgy receptive to basic, traditional, low-cost processing Located in a developed economic zone in the heart of Europe with all of the attendant…
Seizing the Opportunity In March 2012 European Goldfields (EGU) was sold for US2.5 billion The former EGU Management identified a copper gold porphyry (Ilovitza) very similar to its Greek flagship project Skouries, on the same…
PFS Highlights NPV(5%) of US675 million with an IRR of 19% before tax and an after tax NPV(5%) of US558 million and after tax IRR 16% Maiden Mineral Reserve announced of 225 Mt containing 2.45 Moz Au and 905 Mlb Cu* Throughput 10…
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: o…
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…
Simple & Proven Processing Crushing at pit exit, crushed ore transported to plant using a conveyor SAG and ball mill grinding SAG Mill Ball Mills ROM Ore Crushing Conveyor Flotation of Cu-Au concentrate followed by tailings…
Tailings Management Facility Waste rock from the open pit used for embankment construction Access road from plant Cofferdam Pit 10Mt of waste rock mining brought forward in to pre-production to allow construction of starter dam…
Costs and Sensitivities Pre-tax NPV and IRR Sensitivity to Metal Prices Gold Copper NPV 0% NPV 5% NPV 7.5% IRR (US/oz) (US/lb) (US m) (US m) (US m) (%) 1,100 2.50 757.5 284.3 146.4 11.4% 1,250 3.00 1,420.8 675.1 459.0 18.6% 1,400…
Embracing In-Country Expertise We have embraced the considerable depth and expertise in Macedonia and the Balkans by establishing a Technical Advisory Committee (TAC) to oversee and give guidance on the relevant technical disciplines…
Financing Plan The guiding principle behind our Financing Plan is to minimise shareholder dilution and it is being executed in two phases: o Phase 1 The full FS/FEED period from now until construction; Q3 2016 o Phase 2 To fund…
Financing Plan Phase 2 Phase 2 Financing will be initiated upon the filing of the NI 43-101 Report The target funding for Phase 2 will be US350 million (based on the indicative UFK debt carrying capacity) Initiation of the Phase 2…
Macedonia A symbiotic relationship Importance of Euromax to Macedonia Ilovitza is the first greenfield development in the Balkans region for over 20 years Government recognize importance of exploiting natural resources Ilovitza in…
Streamlining & Focusing Resources During the 4th Qtr 2013 and 1st Qtr 2014 Management undertook a root and branch strategic review to ensure that all of its resources, both human and financial were deployed to the maximum effect in…
A Definitive Corporate & Financing Plan Asset Construction based financing FS, Detailed Listings Engineering & Project Finance Design Q2 2014 Q3- 2014 2016 Completion of non-core asset Completion of asset based Drawdown project…
A Proven Board & Management Team Martyn Konig Steve Sharpe Varshan Gokool Pat Forward Tim Morgan-Wynne Randal Matkaluk Non-Executive President, CEO & Director CFO & Director COO & Director Non-Executive Non-Executive Chairman…
Corporate Information Capitalization Overview Market cap C 47 M Closing Price (24 June 14) C 0.55 12 month share price against Market Vector Junior Gold Miners Index 52 Week High C 0.75 52 Week Low C 0.09 Shares Basic 85.3 M…
Its all about Execution Robust project economics Simple mining & processing Excellent logistics Readily financeable without significant dilution Unprecedented local, national & international support A management team that has done…
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 Tom Panoulias North…
Resource & Reserve Statement Mineral Reserve (Effective June 2014) Grade Contained Metal Tonnage (Kt) Classification Au (g/t) Cu (%) Au (Koz) Cu (Klb) Sulphide (Fully Diluted) Probable 208,650 0.34 0.20 2,276 905,100 Oxide (Fully…
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