Tiernan Gold was created to hold the Volcan Gold Project in Chile. It is evaluating strategic options including a potential public offering. The project contains over 8 million ounces of gold resources and Tiernan is updating technical studies to establish the business case for development. The project is located in a prolific gold district in Chile and has potential to generate stakeholder value through further de-risking and exploration of additional targets on its large land package.
Tiernan Gold - Corporate Presentation, October 2022TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards development. The project is located in a prolific gold district in Chile and has over 150,000 meters of prior drilling defining mineral resources.
Tiernan Gold - Corporate Presentation - September 2022TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards development. The project is located in a prolific gold district in Chile and has over 150,000 meters of prior drilling defining mineral resources.
Tiernan Gold - Corporate Update, November 2022TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards permitting and development. The project is located in a prolific gold district in Chile that hosts several operating mines and development projects.
Tiernan Gold - Corporate Presentation, December 2022TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards development. The project is located in a prolific gold district in Chile and has over 150,000 meters of prior drilling defining mineral resources.
Tiernan Gold - Corporate Presentation February 2023 TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards permitting and development. The project is located in a prolific gold district in Chile and has over 150,000 meters of prior drilling defining mineral resources.
Tiernan Gold is de-risking the Volcan Gold Project located in Chile. They are updating technical studies and the mineral resource estimate to advance the project. Tiernan Gold was created as a private Canadian company to hold the Volcan project and is considering options like a public offering or spin out. The project is located in a prolific gold district in Chile and has over 8.9 million ounces of gold in the measured and indicated categories based on past drilling. Tiernan Gold is conducting optimization studies, metallurgical testing, permitting work and community engagement to de-risk the project for potential development in the future.
Tiernan Gold - Corporate Update, January 2023TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards permitting and development.
Mandalay Resources aims to build a mid-tier gold producer through its diversified gold and antimony production from its Costerfield and Björkdal mines located in top-tier jurisdictions. Costerfield is a significant producer of antimony, a critical mineral, and has a track record of extending mine life through cost-effective exploration. Mandalay's growth strategy focuses on organic growth through continued resource expansion at its existing mines as well as pursuing mergers and acquisitions.
Tiernan Gold - Corporate Presentation, October 2022TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards development. The project is located in a prolific gold district in Chile and has over 150,000 meters of prior drilling defining mineral resources.
Tiernan Gold - Corporate Presentation - September 2022TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards development. The project is located in a prolific gold district in Chile and has over 150,000 meters of prior drilling defining mineral resources.
Tiernan Gold - Corporate Update, November 2022TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards permitting and development. The project is located in a prolific gold district in Chile that hosts several operating mines and development projects.
Tiernan Gold - Corporate Presentation, December 2022TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards development. The project is located in a prolific gold district in Chile and has over 150,000 meters of prior drilling defining mineral resources.
Tiernan Gold - Corporate Presentation February 2023 TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards permitting and development. The project is located in a prolific gold district in Chile and has over 150,000 meters of prior drilling defining mineral resources.
Tiernan Gold is de-risking the Volcan Gold Project located in Chile. They are updating technical studies and the mineral resource estimate to advance the project. Tiernan Gold was created as a private Canadian company to hold the Volcan project and is considering options like a public offering or spin out. The project is located in a prolific gold district in Chile and has over 8.9 million ounces of gold in the measured and indicated categories based on past drilling. Tiernan Gold is conducting optimization studies, metallurgical testing, permitting work and community engagement to de-risk the project for potential development in the future.
Tiernan Gold - Corporate Update, January 2023TiernanGold
Tiernan Gold is a private Canadian company that holds the Volcan Gold Project in Chile. It is owned by Hochschild Mining and is evaluating strategic alternatives including a potential public offering or spin out. An updated resource estimate is being completed to further de-risk the project. Tiernan Gold is also advancing technical studies and building a management team to advance the project towards permitting and development.
Mandalay Resources aims to build a mid-tier gold producer through its diversified gold and antimony production from its Costerfield and Björkdal mines located in top-tier jurisdictions. Costerfield is a significant producer of antimony, a critical mineral, and has a track record of extending mine life through cost-effective exploration. Mandalay's growth strategy focuses on organic growth through continued resource expansion at its existing mines as well as pursuing mergers and acquisitions.
Mandalay Resources outlines plans to build on its established production platform at Costerfield, its sole antimony mine, to help achieve its vision of becoming a mid-tier gold producer. Key points include:
1) Costerfield has a proven 4-year mine life and produces both gold and antimony, with a 2024 forecast of 47-53koz gold equivalent at a cash cost of $850-970/oz.
2) Exploration plans target extending mine life through four priority areas near existing infrastructure, as well as regional targets that could provide additional ore sources.
3) As the only significant antimony producer in Australia, Costerfield also helps ensure supply of this critical mineral for
This document provides an overview of North American Nickel's Maniitsoq Ni-Cu sulphide project in Greenland. Key points include:
- The project covers a large land package in a known nickel-bearing region with significant drill intersections found.
- Drilling at the Imiak Hill Complex has intersected wide zones of disseminated sulphides with higher grade sections, including 11.03m at 3.07% Ni.
- The project is located near modern port facilities and has year-round access, allowing for potential future mining and shipping.
- North American Nickel has been progressively exploring the project since 2011 using new technologies like borehole EM to better define
This document provides an overview of North American Nickel's Maniitsoq Ni-Cu sulphide project in Greenland. Key points include:
- The project covers a large land package in a prospective nickel belt with significant drill intersections from the Imiak Hill Complex including 11.03m at 3.07% Ni.
- Recent drilling expanded mineralization at Imiak Hill, Mikissoq and Spotty Hill, with intercepts such as 61.35m at 0.63% Ni.
- The project benefits from year-round operations, good infrastructure and low taxes in Greenland.
- North American Nickel is well financed with experienced management and advisors to
Newlox Gold Ventures Corp is a junior gold producer focused on processing artisanal tailings in Costa Rica to produce gold in an environmentally-friendly manner. The company has one processing plant in production and is ramping up to full capacity, with a second plant permitted. Newlox aims to become a mid-sized gold producer through organic growth by commissioning multiple small-scale processing facilities over the next 5 years. The company is also conducting research at the University of British Columbia to develop clean technologies for gold processing.
This presentation summarizes Solitario's gold and zinc projects for the April 16-18, 2013 European Gold Forum. It discusses the Mt. Hamilton gold project which is undergoing permitting and has robust economics with over 750,000 ounces of gold resources. The Bongará zinc project is being advanced through prefeasibility and feasibility studies and is fully funded by partner Votorantim Metais. Solitario also has exploration joint ventures including the high-grade Pachuca Norte silver project and the Pedra Branca platinum project. Solitario is well positioned with a pipeline of projects and experienced management while maintaining a strong balance sheet.
Mandalay Resources Corporation provides a presentation on its mining portfolio and 2020 guidance. Key points include:
- Costerfield is expected to significantly increase production over the next 12 months from ramping up its high-grade Youle vein. 2020 guidance is 44,000-52,000 gold equivalent ounces at cash costs of $725-875/oz.
- Björkdal will steadily ramp up underground production from its Aurora zone as more levels are developed. 2020 guidance is 51,000-57,000 gold ounces at cash costs of $750-900/oz.
- 2020 consolidated production guidance is 95,000-109,000 gold equivalent ounces at cash costs of $765-915/
Mandalay Resources provides a presentation on its mining portfolio and strategy. It owns the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden. Costerfield is ramping up production from its high-grade Youle vein, with production expected to increase to 44,000-52,000 gold equivalent ounces in 2020. Björkdal is increasing underground production from the new Aurora zone, with production forecast at 51,000-57,000 gold ounces in 2020. Mandalay also discusses its COVID-19 safety measures, recent financing activities, exploration plans to expand resources at both mines, and summaries for each asset.
Cobre del Mayo operates the Piedras Verdes copper mine in Mexico, which produces both copper cathode and copper concentrate. Recent initiatives have increased production and cash flow. The mine has over 15 years of reserves remaining and low sustaining capital costs. While the company has debt, strong operating performance has improved credit metrics and positions Cobre del Mayo for continued stable copper production.
This presentation provides an overview of Mandalay Resources Corporation's portfolio and 2020 guidance. It summarizes that Mandalay has two producing assets, Costerfield and Björkdal, that offer organic production growth and exploration potential. Costerfield in particular is expected to see a major production uplift from ramping up mining of the high-grade Youle vein. Mandalay also recently secured a $65 million credit facility and has hedging programs in place to strengthen its balance sheet.
Mosaic Minerals - Presentation - Feb 2022MomentumPR
Mosaic Minerals is focused on nickel and copper mining in Quebec for electric vehicle batteries. It owns the Gaboury Nickel Project 130km from Rouyn-Noranda. Drilling in 2021 returned high grade nickel intercepts along a potential 3.4km corridor. Mosaic plans additional drilling in 2022 to expand known zones and confirm mineralization along a 7km magnetic anomaly. The company is led by an experienced management team and board with expertise in mining, capital markets, and engineering.
Modun Resources is developing the Nuurst Thermal Coal Project in Mongolia to supply coal for power generation and reduce air pollution in Ulaanbaatar. The project has a JORC-compliant resource of 478 million tonnes and initial mining plans target 1 million tonnes of raw coal and 250,000 tonnes of cleaner-burning dried coal briquettes annually. The project is well-located near existing infrastructure and customers in Ulaanbaatar. Modun aims to become a long-term, reliable domestic coal supplier and help Mongolia meet its increasing energy demands and air quality targets in a sustainable manner.
Modun Resources is developing the Nuurst Thermal Coal Project in Mongolia to help address the country's pollution and power supply issues. The project has a 30-year mining lease over 2,497 hectares containing a 478 million tonne JORC-compliant coal resource. Modun plans to produce dried coal briquettes which testing has shown reduces emissions. This could provide a cleaner fuel for Ulaanbaatar and allow Modun to become a preferred supplier to the Mongolian government. Initial production of 1 million tonnes of raw coal and 250,000 tonnes of briquettes annually is planned. The project has strong economics and could also supply new power stations being developed in Mongolia
Mandalay Resources provides production and cost guidance for 2020, with significant organic production growth expected at Costerfield. At Costerfield, the high-grade Youle vein is ramping up and will continue to increase production through 2020 and into 2021. At Björkdal, production is steadily ramping up from the new Aurora zone as more underground levels are developed and stoping is increased. Mandalay also secured a $65 million credit facility to provide financial flexibility and long term balance sheet management.
Michael Bue is identified as the qualified person under NI43-101 who approved the scientific and technical information in the presentation. The presentation contains forward-looking statements which are based on certain assumptions and are subject to risks and uncertainties. TVI Pacific holds a 30.66% interest in TVIRD, its operating affiliate in the Philippines, which is focused on gold, silver, nickel and copper production and exploration projects. TVIRD has a successful track record of bringing mines into production and has received several environmental and safety awards.
Maudore Minerals is a Quebec-based gold producer with multiple gold assets in its portfolio, including the operating Vezza Mine and Sleeping Giant mill. Maudore aims to grow production through developing its pipeline of projects located near the mill, including restarting mining at the past-producing Sleeping Giant Mine in Q3 2013. Maudore is also working to update resource estimates and conduct drilling programs at its advanced exploration projects to evaluate their potential for future production.
This presentation provides an overview of Solitario's mining projects and investment opportunities. It discusses the positive economics and development progress of the Mt. Hamilton gold project in Nevada. It also outlines the world-class potential of the Bongará zinc project in Peru, which is being advanced by partner Votorantim Metais. Solitario has a diversified portfolio including the high-impact Pedra Branca PGM project, the Pachuca silver-gold project, and a strong balance sheet to advance its goals.
Centurion Minerals (TSX-V: CTN) executed a joint venture agreement with Demetra Minerals to develop the Ana Sofia Agricultural Gypsum Project in Argentina. The project comprises two mining concessions totaling 500 hectares with all necessary permits secured. In consideration for 50% of the project, CTN issued 2 million shares to Demetra Minerals, and upon reaching production and financing milestones, CTN can acquire 100% by issuing additional shares. The joint venture also has a 50,000 tonne per year off-take agreement. CTN's objectives are to extract and market agri-gypsum fertilizer in two near-term phases, beginning with a pilot plant capable of 200 ton
This corporate presentation from Claude Resources provides an overview of the company's operations and projects. Claude has 3 Canadian gold assets located in proven mining regions of Saskatchewan and Ontario. Their flagship operation is the Seabee Gold Operation in Saskatchewan, which has produced over 1 million ounces of gold. Claude plans to increase production at Seabee by focusing on developing their Santoy Gap deposit and exploring for additional resources near current infrastructure. Overall, the company is focusing on reducing costs and pursuing growth in a disciplined manner during the challenging gold price environment.
Mandalay Resources provides a presentation on its mining operations and growth strategy. It operates the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden. For 2020, Mandalay guidance is for production of 83,000-95,000 ounces of gold at a cash cost of $765-$915 per ounce at its two mines. It also details plans to increase production at Costerfield through mining of the high-grade Youle vein and at Björkdal by ramping up production from the Aurora zone. Mandalay further outlines regional exploration programs aimed at discovering additional mineralization around its existing mines.
Mandalay Resources outlines plans to build on its established production platform at Costerfield, its sole antimony mine, to help achieve its vision of becoming a mid-tier gold producer. Key points include:
1) Costerfield has a proven 4-year mine life and produces both gold and antimony, with a 2024 forecast of 47-53koz gold equivalent at a cash cost of $850-970/oz.
2) Exploration plans target extending mine life through four priority areas near existing infrastructure, as well as regional targets that could provide additional ore sources.
3) As the only significant antimony producer in Australia, Costerfield also helps ensure supply of this critical mineral for
This document provides an overview of North American Nickel's Maniitsoq Ni-Cu sulphide project in Greenland. Key points include:
- The project covers a large land package in a known nickel-bearing region with significant drill intersections found.
- Drilling at the Imiak Hill Complex has intersected wide zones of disseminated sulphides with higher grade sections, including 11.03m at 3.07% Ni.
- The project is located near modern port facilities and has year-round access, allowing for potential future mining and shipping.
- North American Nickel has been progressively exploring the project since 2011 using new technologies like borehole EM to better define
This document provides an overview of North American Nickel's Maniitsoq Ni-Cu sulphide project in Greenland. Key points include:
- The project covers a large land package in a prospective nickel belt with significant drill intersections from the Imiak Hill Complex including 11.03m at 3.07% Ni.
- Recent drilling expanded mineralization at Imiak Hill, Mikissoq and Spotty Hill, with intercepts such as 61.35m at 0.63% Ni.
- The project benefits from year-round operations, good infrastructure and low taxes in Greenland.
- North American Nickel is well financed with experienced management and advisors to
Newlox Gold Ventures Corp is a junior gold producer focused on processing artisanal tailings in Costa Rica to produce gold in an environmentally-friendly manner. The company has one processing plant in production and is ramping up to full capacity, with a second plant permitted. Newlox aims to become a mid-sized gold producer through organic growth by commissioning multiple small-scale processing facilities over the next 5 years. The company is also conducting research at the University of British Columbia to develop clean technologies for gold processing.
This presentation summarizes Solitario's gold and zinc projects for the April 16-18, 2013 European Gold Forum. It discusses the Mt. Hamilton gold project which is undergoing permitting and has robust economics with over 750,000 ounces of gold resources. The Bongará zinc project is being advanced through prefeasibility and feasibility studies and is fully funded by partner Votorantim Metais. Solitario also has exploration joint ventures including the high-grade Pachuca Norte silver project and the Pedra Branca platinum project. Solitario is well positioned with a pipeline of projects and experienced management while maintaining a strong balance sheet.
Mandalay Resources Corporation provides a presentation on its mining portfolio and 2020 guidance. Key points include:
- Costerfield is expected to significantly increase production over the next 12 months from ramping up its high-grade Youle vein. 2020 guidance is 44,000-52,000 gold equivalent ounces at cash costs of $725-875/oz.
- Björkdal will steadily ramp up underground production from its Aurora zone as more levels are developed. 2020 guidance is 51,000-57,000 gold ounces at cash costs of $750-900/oz.
- 2020 consolidated production guidance is 95,000-109,000 gold equivalent ounces at cash costs of $765-915/
Mandalay Resources provides a presentation on its mining portfolio and strategy. It owns the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden. Costerfield is ramping up production from its high-grade Youle vein, with production expected to increase to 44,000-52,000 gold equivalent ounces in 2020. Björkdal is increasing underground production from the new Aurora zone, with production forecast at 51,000-57,000 gold ounces in 2020. Mandalay also discusses its COVID-19 safety measures, recent financing activities, exploration plans to expand resources at both mines, and summaries for each asset.
Cobre del Mayo operates the Piedras Verdes copper mine in Mexico, which produces both copper cathode and copper concentrate. Recent initiatives have increased production and cash flow. The mine has over 15 years of reserves remaining and low sustaining capital costs. While the company has debt, strong operating performance has improved credit metrics and positions Cobre del Mayo for continued stable copper production.
This presentation provides an overview of Mandalay Resources Corporation's portfolio and 2020 guidance. It summarizes that Mandalay has two producing assets, Costerfield and Björkdal, that offer organic production growth and exploration potential. Costerfield in particular is expected to see a major production uplift from ramping up mining of the high-grade Youle vein. Mandalay also recently secured a $65 million credit facility and has hedging programs in place to strengthen its balance sheet.
Mosaic Minerals - Presentation - Feb 2022MomentumPR
Mosaic Minerals is focused on nickel and copper mining in Quebec for electric vehicle batteries. It owns the Gaboury Nickel Project 130km from Rouyn-Noranda. Drilling in 2021 returned high grade nickel intercepts along a potential 3.4km corridor. Mosaic plans additional drilling in 2022 to expand known zones and confirm mineralization along a 7km magnetic anomaly. The company is led by an experienced management team and board with expertise in mining, capital markets, and engineering.
Modun Resources is developing the Nuurst Thermal Coal Project in Mongolia to supply coal for power generation and reduce air pollution in Ulaanbaatar. The project has a JORC-compliant resource of 478 million tonnes and initial mining plans target 1 million tonnes of raw coal and 250,000 tonnes of cleaner-burning dried coal briquettes annually. The project is well-located near existing infrastructure and customers in Ulaanbaatar. Modun aims to become a long-term, reliable domestic coal supplier and help Mongolia meet its increasing energy demands and air quality targets in a sustainable manner.
Modun Resources is developing the Nuurst Thermal Coal Project in Mongolia to help address the country's pollution and power supply issues. The project has a 30-year mining lease over 2,497 hectares containing a 478 million tonne JORC-compliant coal resource. Modun plans to produce dried coal briquettes which testing has shown reduces emissions. This could provide a cleaner fuel for Ulaanbaatar and allow Modun to become a preferred supplier to the Mongolian government. Initial production of 1 million tonnes of raw coal and 250,000 tonnes of briquettes annually is planned. The project has strong economics and could also supply new power stations being developed in Mongolia
Mandalay Resources provides production and cost guidance for 2020, with significant organic production growth expected at Costerfield. At Costerfield, the high-grade Youle vein is ramping up and will continue to increase production through 2020 and into 2021. At Björkdal, production is steadily ramping up from the new Aurora zone as more underground levels are developed and stoping is increased. Mandalay also secured a $65 million credit facility to provide financial flexibility and long term balance sheet management.
Michael Bue is identified as the qualified person under NI43-101 who approved the scientific and technical information in the presentation. The presentation contains forward-looking statements which are based on certain assumptions and are subject to risks and uncertainties. TVI Pacific holds a 30.66% interest in TVIRD, its operating affiliate in the Philippines, which is focused on gold, silver, nickel and copper production and exploration projects. TVIRD has a successful track record of bringing mines into production and has received several environmental and safety awards.
Maudore Minerals is a Quebec-based gold producer with multiple gold assets in its portfolio, including the operating Vezza Mine and Sleeping Giant mill. Maudore aims to grow production through developing its pipeline of projects located near the mill, including restarting mining at the past-producing Sleeping Giant Mine in Q3 2013. Maudore is also working to update resource estimates and conduct drilling programs at its advanced exploration projects to evaluate their potential for future production.
This presentation provides an overview of Solitario's mining projects and investment opportunities. It discusses the positive economics and development progress of the Mt. Hamilton gold project in Nevada. It also outlines the world-class potential of the Bongará zinc project in Peru, which is being advanced by partner Votorantim Metais. Solitario has a diversified portfolio including the high-impact Pedra Branca PGM project, the Pachuca silver-gold project, and a strong balance sheet to advance its goals.
Centurion Minerals (TSX-V: CTN) executed a joint venture agreement with Demetra Minerals to develop the Ana Sofia Agricultural Gypsum Project in Argentina. The project comprises two mining concessions totaling 500 hectares with all necessary permits secured. In consideration for 50% of the project, CTN issued 2 million shares to Demetra Minerals, and upon reaching production and financing milestones, CTN can acquire 100% by issuing additional shares. The joint venture also has a 50,000 tonne per year off-take agreement. CTN's objectives are to extract and market agri-gypsum fertilizer in two near-term phases, beginning with a pilot plant capable of 200 ton
This corporate presentation from Claude Resources provides an overview of the company's operations and projects. Claude has 3 Canadian gold assets located in proven mining regions of Saskatchewan and Ontario. Their flagship operation is the Seabee Gold Operation in Saskatchewan, which has produced over 1 million ounces of gold. Claude plans to increase production at Seabee by focusing on developing their Santoy Gap deposit and exploring for additional resources near current infrastructure. Overall, the company is focusing on reducing costs and pursuing growth in a disciplined manner during the challenging gold price environment.
Mandalay Resources provides a presentation on its mining operations and growth strategy. It operates the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden. For 2020, Mandalay guidance is for production of 83,000-95,000 ounces of gold at a cash cost of $765-$915 per ounce at its two mines. It also details plans to increase production at Costerfield through mining of the high-grade Youle vein and at Björkdal by ramping up production from the Aurora zone. Mandalay further outlines regional exploration programs aimed at discovering additional mineralization around its existing mines.
Similar to Tiernan Gold - Corporate Presentation: June 2022 (20)
2. 2
Creation of Tiernan Gold
• Newly created Canadian company holds
100% of the Volcan Gold Project on the
Maricunga Gold Belt, Chile
• Privately owned by Hochschild Mining (UK)
• Evaluating strategic alternatives including
potential public offering of shares, or spinning
out the shares to existing shareholders
• Funding technical program in 2022 to
establish the business case for Volcan
• Building dedicated management team to
further de-risk the project
Exploration roads crossing the Dorado West deposit area
3. 3
Volcan Project - Strategically Located
• Maricunga Gold Belt, a prolific porphyry gold
district in the Atacama Region, Chile
• Over 100 million ounces of past and present
gold resources
• Hosts a number of operating mines, new mines
under construction and major development
projects
• Located 150km east of Copiapó, a well
serviced mining town
• District scale land package:
• Four mining concessions totalling 5,400 ha
• Surrounding exploration concessions 53,000 ha
4. 4
Project History
• Acquired by Hochschild Mining in 2012 through
the acquisition of Andina Minerals
• Over 150,000 metres of drilling 2007-2011
• Prefeasibility Study1 completed in 2011
contemplated 4.3 million ounces of gold
production over a 15 year mine life
• Mineral Resources2:
• M&I: 390.7 Mt at 0.709 g/t gold = 8.9 Moz gold
• Inferred: 41.6 Mt at 0.50 g/t gold = 0.7 Moz gold
• Hochschild work since acquisition includes:
• Relogging of drill core
• Updated geological and geo-metallurgical models
• Additional metallurgical test work
1 Refer to the “Technical Report on the Results of the Pre-Feasibility Study on the Dorado Deposits, Volcan Gold Project Region III, Chile” dated January 31, 2011.
2 Refer to Hochschild Mining statement of attributable metal resources at Dec 31, 2020 and Appendix A
Copiapó core storage facility
5. 5
2022 Mineral Resource Estimate (MRE) Update
• MRE being updated by Micon International
• Based on additional work done since acquisition
• 46,500 meters of diamond drill core re-logged
• Developed geological interpretation and lithology
model
• Ausenco developed a geometallurgical model and
carried out additional metallurgical testwork
• Hochschild update MRE in 2020, audited by
external third party
• Micon updated modifying factors for the
constraining pit shell and producing 2022 MRE
• All resources located in Dorado Sector
6. 6
Disciplined Approach to De-Risking
Work underway in Q2 2022:
• Deswik Brasil developing optimised
mine plan based on updated MRE
• Ausenco Chile developing updated
capital and operating costs as well as
reviewing metallurigal recovery and
process flowsheet options
• GAC Environmental consultants Chile
conducting preliminary environmental
assessment
Phase I
Phase II
Phase IV
Phase III
Potential Pit Optimization
7. 7
ESG
Low Carbon Power:
• Chile National Energy Policy 2050 implemented
to decarbonize the country
• 45% of power generated by renewables in
2020
• Coal and oil to be phased out by 2040
• Major growth in wind and solar since 2015
• Two electrical grids connected in 2017 to allow
renewable energy to be traded more efficiently
Phasing out continental water:
• Volcan owns water rights to supply operations
from nearby existing wells
• MOU signed with third party currently permitting
a $1.5b desalination plant, solar power station
and 200km water supply pipeline to Maricunga
Community Support:
• No communities in close proximity to the project
site
• Ongoing community engagement by Hochschild
over the last 10 years in the area of influence
• EIA prepared and submitted in 2012 by Andina
provides starting point for updated work
8. 8
Chile – Major Global Player in the Mining Sector
Political Situation:
• President Gabriel Boric elected Dec 2021
• Campaigned on promise to increase mining taxes and
protect the environment
• Divided congress, mining dominant economy present
challenges to tax reform
• Constitutional reform underway with convention to be
held mid 2022 to approve draft constitution terms for
referendum later this year
• Water Code being amended - no material impact
expected on existing water rights
Mining dominant economy:
• World’s number 1 copper producer
• World’s number 2 lithium producer (32% of
chemical lithium)
Source: S&P Global Market Intelligence
13%
87%
Chile share in total exports Rest of world
Global exports
of copper totaled
20,487,470
tonnes
in 2020
9. 9
Deliver Stakeholder Value Through De-Risking
Substantial resource in prolific gold belt on an under-explored land package
Asset
Location
Team
ESG
Established mining jurisdiction
Management team being built to de-risk development
Low carbon intensity power, water available, limited community impacts
11. 11
Appendix A: Mineral Resources1
1 Prices used for resources calculation: Au: $1,800/oz and Ag: $20.0/oz and Ag/Au ratio of 86x.
Volcan Project
As of Dec. 31, 2020
Tonnes
(t)
Ag
(g/t)
Au
(g/t)
AgEq
(g/t)
Ag
(moz)
Au
(koz)
AgEq
(moz)
Measured 105,918,000 - 0.738 63 - 2,513.1 216.1
Indicated 283,763,000 - 0.698 60 - 6,368.0 547.6
Total 389,681,000 - 0.709 61 - 8,881.1 763.8
Inferred 41,553,000 - 0.502 43 - 670.7 57.7
As per Hochschild Mining statement of attributable metal resources at Dec 31, 2020
Ore reserves and mineral resources estimates
Hochschild Mining plc reports its mineral resources and reserves estimates in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 edition (“the JORC Code”). This
establishes minimum standards, recommendations and guidelines for the public reporting of exploration results and mineral resources and reserves estimates. In doing so it emphasises the importance of principles of transparency,
materiality and confidence. The information on ore reserves and mineral resources on pages 57 to 59 were prepared by or under the supervision of Competent Persons (as defined in the JORC Code). Competent Persons are required to
have sufficient relevant experience and understanding of the style of mineralisation, types of deposits and mining methods in the area of activity for which they are qualified as a Competent Person under the JORC Code. The Competent
Person must sign off their respective estimates of the original mineral resource and ore reserve statements for the various operations and consent to the inclusion of that information in this report, as well as the form and context in which it
appears.
Hochschild Mining plc employs its own Competent Person who has audited all the estimates set out in this report. Hochschild Mining Group companies are subject to a comprehensive programme of audits which aim to provide assurance in
respect of ore reserve and mineral resource estimates. These audits are conducted by Competent Persons provided by independent consultants. The frequency and depth of an audit depends on the risks and/or uncertainties associated
with that particular ore reserve and mineral resource, the overall value thereof and the time that has lapsed since the previous independent third-party audit.
The JORC Code requires the use of reasonable economic assumptions. These include long-term commodity price forecasts (which, in the Group’s case, are prepared by ex-house specialists largely using estimates of future supply and
demand and long-term economic outlooks).
Ore reserve estimates are dynamic and are influenced by changing economic conditions, technical issues, environmental regulations and any other relevant new information and therefore these can vary from year-to-year. Mineral resource
estimates can also change and tend to be influenced mostly by new information pertaining to the understanding of the deposit and secondly the conversion to ore reserves.
The estimates of ore reserves and mineral resources are shown as at 31 December 2020, unless otherwise stated. Mineral resources that are reported include those mineral resources that have been modified to produce ore reserves. All
tonnage and grade information has been rounded to reflect the relative uncertainty in the estimates; there may therefore be small differences. The prices used for the reserves calculation were: Au Price: US$1,800 per ounce and Ag Price:
US$20.0 per ounce.
12. 12
Appendix B: Management Bio
Greg McCunn, PEng, MBA
CEO, Volcan Project
Mr. McCunn has over 25 years’ experience in the mining industry
with extensive experience in finance, operations, project
engineering, project construction and corporate development. Mr.
McCunn recently served as CEO of Galiano Gold, a junior gold
producer with an operating mine in Ghana, West Africa. Previous
to that he served as CEO of Alio Gold, a junior gold producer with
assets in Mexico and the USA. He has also served as CFO for
Galiano Gold and as CFO for Farallon Mining, prior to which he
held technical, operational and corporate development roles with
Teck Resources, Placer Dome and junior mining companies in
Canada and Australia. Mr. McCunn is a Professional Engineer.