Abcourt Mines Inc, an emerging junior gold producer Produc8on - - PowerPoint PPT Presentation

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Abcourt Mines Inc, an emerging junior gold producer Produc8on - - PowerPoint PPT Presentation

Dec 13, 2023 38 likes •241 views

A BCOURT M INES TSXV : ABI Abcourt Mines Inc, an emerging junior gold producer Produc8on target: At Elder : 18,000 to 20,000 ounces/year At Sleeping Giant: 18,000 to 22,000 ounces/year December, 2016 1 A BCOURT M INES TSXV : ABI FORWARD

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Abcourt Mines Inc, an emerging junior gold producer

Produc8on target: At Elder : 18,000 to 20,000 ounces/year At Sleeping Giant: 18,000 to 22,000 ounces/year

December, 2016

ABCOURT MINES

TSXV: ABI

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SLIDE 2

FORWARD LOOKING STATEMENTS

Except for statements of historical facts, some statements contained in this Power Point presenta8on, cons8tute forward looking statements, including, without limita8on, an8cipated developments in the Company’s opera8ons in future periods and other events or condi8ons that may occur in the future. These statements are about the future and are inherently uncertain and actual achievements of the Company or other future events or condi8ons may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertain8es and other factors. Management believes that the expecta8ons reflected in those statements are reasonable but no assurance can be given that these expecta8ons will prove to be correct. It is recommended not to place undue reliance on forward-looking statements as the plans, inten8ons or expecta8ons upon which they are based might not occur.

ABCOURT MINES

TSXV: ABI

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SLIDE 3

1- Abcourt-Barvue 2- Vendome 3- Jonpol 4- Elder-Tagami 5- Aldermac

ABCOURT’S PROPERTIES

(ROUYN-NORANDA / VAL-D’OR AREA)

TSXv: ABI / Pink Sheets: ABMBF

ABCOURT MINES

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6- Vezza (claims) 7- Géant Dormant mine 8- Discovery - Flordin

ABCOURT’S PROPERTIES

(AMOS – MATAGAMI AREA)

TSXv: ABI / Pink Sheets: ABMBF

ABCOURT MINES

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KEY EVENTS IN 2015-2016

  • Commercial produc8on begins at the Elder Mine on January 1st 2016;
  • Transfer of Elder explora8on and evalua8on assets into property, plant, and

equipment assets with impact on accoun8ng rendi8on;

  • As of January 1st 2016, gold and silver sales accounted for in the revenue category;
  • Hiring of Ms Chris8ne Lefebvre as chief accountant of Abcourt Mines;
  • Improvement in health and safety record;
  • Purchase of the Sleeping Giant Mine along with four mining leases and nine

explora8on proper8es, two of which with historical resources containing some 791 000 ounces of gold;

  • Acquisi8on of all opera8ng and environmental permits to operate Sleeping Giant

and $4,0 M in deposit for site rehabilita8on;

  • On August 15, 2016, the Sleeping Giant Mill starts processing the Elder Mine ore;
  • Signing of a collec8ve agreement for the Sleeping Giant employees;
  • Ajer total yearly sales of $ 23.98M in gold and silver, Abcourt Mines closed the

year with gold and silver stocks plus gold resources stockpiles worth $3.2M, and cash and term deposits worth $2.5 M;

  • Assets increased by $10M to $33.6M while liabili8es increased by only $6.8M

mainly due to provisions for restora8on of both mine sites.

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The Elder Gold Mine ABCOURT MINES

TSXv: ABI

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The mine is equiped with functional buildings and all

  • f the surface and

underground equipment with a 2,600-ft shaft (793 m) and 16 levels. 95 employees

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SLIDE 7

ABCOURT MINES

TSXv: ABI

§ In 2015/16 most ore is sourced from levels 6, 7 and 8.

§ The deposit is open at depth and a new zone (#7) is indicated. § An underground mine development program is being implemented to upgrade resources to reserves.

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ELDER MINE - RESOURCES

(May 9, 2012)

ABCOURT MINES

TSXv: ABI

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43-101 Measured and Indicated Resources 3.45 g/t Au cut off grade 1,361,212 tonnes @ 6.6 g/ t Au 289,000 ounces 43-101 Inferred Resources 3.8 g/t Au cut off grade 637,900 tonnes @ 5.7 grams/t. Au 117,000 ounces

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Summary of Fiscal 2015 and 2016

ABCOURT MINES

TSXv: ABI

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Elder gold mine aims to produce at a rate of 18,000 to 20,000 ounces of gold per year, in fiscal 2017.

Fiscal 2015 Fiscal 2016 Gold mineraliza8on extracted 66,572 tonnes 97,868 tonnes Gold mineraliza8on treated at mill 64,289 tonnes 106,970 tonnes Gold recovered 9,161 ounces 15,712 ounces Silver recovered 2,367 ounces 2,248 ounces (est) Proceeds from sales of gold and silver 13,485,248 $CAN 23,980,361 $CAN

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SLIDE 10

ABCOURT MINES

TSXv: ABI

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Sleeping Giant mine / mine Géant Dormant

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Explora8on target area for 2016-2017

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39 084 tons @ 5.6 g/t

(92 m in ore)

48 165 tons @ 15.2 g/t

(140 m in ore)

9 277 tons @10.7 g/t

62 212 tons @ 12.3 g/t

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Loca8on of the Sleeping Giant mine

and other Gold Proper8es with the Regional Geology

Amos

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DISCOVERY FLORENCE CAMERON SHEAR FLORDIN LAFLAMME DORMEX HARRICANA VEZZA Matagami Senneterre Chibougamau

150 Km

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SLIDE 14

TSXv: ABI

ABCOURT MINES

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SLEEPING GIANT RESOURCES BY INNOVEXPO – AUGUST 2013

43-101 MEASURED AND INDICATED RESOURCES 6,5 g/t Au cut-off grade 306,100 tonnes @ 12,3 grams of gold per tonne 121,000 ounces 43-101 INFERRED RESOURCES 6,5 g/t Au cut-off grade 41,700 tonnes @ 12,4 grams of gold per tonne 17,000 ounces

Note: Mine development on two booom levels will add resources.

GOLD POUR AT SLEEPING GIANT MINE

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SLIDE 15

Forward looking at year 2016-2017 ABCOURT MINES

TSXv: ABI

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  • Increase tonnage capacity at the Elder mine by

intensifying mine development to get access to new resources and to new stoping blocks;

  • Proceed with mine restora8on and complete ore pass

system before star8ng underground development and produc8on at Sleeping Giant;

  • Maintain 8ght opera8onal cost control at both sites;
  • Maintain environmental controls at all mine sites;
  • Start the development of the Ag-Zn Barvue project.
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TSXv: ABI OTHER PROJECTS AND PROPERTIES

§ Discovery property with historical measured and indicated resources containing 237 000

  • nces of gold and inferred resources with 294 500 onces of gold;

§ Flordin property with historical measured and indicated resources containing 162,035

  • unces of gold and inferred resources with 97,651 onces of gold. Open pit project;

§ Barvue-Vendome Ag, Au, Cu, Zn project with 43-101 resource estimates and positive feasibility study by Genivar in 2009; § Aldermac property with 2 M tonnes in historical resources of Ag, Au, Cu, Zn; § Jonpol property with historical resources of Ag, Au, Cu, Zn values; § Vezza, Dormex, Harricana, Cameron Shear, Laflamme properties with favourable geology for gold

ABCOURT MINES

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Sta_s_ques (évolu_on depuis janvier 2016)

14.8 12.2 9.4 7.9 8.7 9.3

8.2

8.5 7.7 7 15.5 37 24.4 22 18.5 19.6 18.7

14.8

14.1 14.1 14

Fréquence des accidents.

Fréquence compensable Fréquence combinée

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TSXv: ABI / Pink Sheets: ABMBF

STRONG MANAGEMENT TEAM

Officers: § Renaud Hinse, P. Eng., Mining engineer President and CEO has been ac_vely involved in opera_ons throughout Canada for over 50 years, both with major and junior mining companies. Proven track record of cost efficient mining opera_on management. § Marc Filion, P. Eng., Ph.D, M.B.A., Director and CFO, has over 35 years of worldwide exper_se of projects development and management. § Charles Bélanger, P. Eng., M.B.A., has more than 30 years of mining experience in Canada. § Roger Jolicoeur (RWJ Consultants Miniers), Mill operator and construc_on specialist with extended worldwide experience. § Chris_ne Lefebvre, LLB, CPA, CA, chief accountant with several years of experience. Directors: Renaud Hinse, mining engineer, CEO François Mestrallet, business man André de Guise, mining engineer with several years of mine management experience Marc Filion, Ph. D, M.B.A., P. Eng. geology Normand Hinse, B. adm., business man Jean-Guy Courtois, re_red business man

ABCOURT MINES

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Thank you

Renaud Hinse President, Director and CEO Abcourt Mines Inc. 506 des Falaises St. Mont-St-Hilaire, Québec J3H 5R7 Tel.: 1-819-768-2857 rhinse@abcourt.com TSXv: ABI

Thank you

Renaud Hinse President, Director and CEO Abcourt Mines Inc. 506 des Falaises St. Mont-St-Hilaire, Québec J3H 5R7 Tel.: 1-819-768-2857 rhinse@abcourt.com

ABCOURT MINES

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TSXv: ABI

MINES ABCOURT INC

Merci

Renaud Hinse Président, administrateur et chef de l’exploitation Mines Abcourt inc. 506 des Falaises St. Mont-St-Hilaire, Québec J3H 5R7 Tél.: 1-819-768-2857 rhinse@abcourt.com

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