AN EXCITING EVOLUTION!
EASTMAIN RESOURCES INC. ER:TSX
CORPORATE PRESENTATION | JANUARY 2017
AN EXCITING EVOLUTION! EASTMAIN RESOURCES INC. ER:TSX CORPORATE - - PowerPoint PPT Presentation
AN EXCITING EVOLUTION! EASTMAIN RESOURCES INC. ER:TSX CORPORATE PRESENTATION | JANUARY 2017 FORWARD LOOKING STATEMENTS Certain information set forth in this presentation may contain forward-looking statements that involve substantial known
EASTMAIN RESOURCES INC. ER:TSX
CORPORATE PRESENTATION | JANUARY 2017
FORWARD LOOKING STATEMENTS
EASTMAIN INVESTOR PRESENTATION 2
Certain information set forth in this presentation may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or timing of future plans, and include, but not limited to, statements with respect to any potential director nominations, actions taken in respect
Company's properties, and the potential success of the Company’s future exploration and development
are beyond the control of Eastmain, including, but not limited to he results of matters to be considered at the upcoming annual and special meeting of shareholders of Eastmain, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing, timely completion of proposed studies and technical reports, and risks associated with the exploration, development and mining industry generally such as economic factors as they affect exploration, future commodity prices, changes in interest rates, safety and security, political, social or economic developments, environmental risks, insurance risks, capital expenditures, operating or technical difficulties in connection with development activities, personnel relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of Mineral Resources, contests over property title, and changes in project parameters as plans continue to be refined. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update such information, except as may be required by law.
THE NEW EASTMAIN
ADVANCING ASSETS WITH THE POTENTIAL FOR RESOURCE GROWTH
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 3
THE TRIANGLE OF SUCCESS
KEY PROJECTS
CLEARWATER PROJECT
The Anchor Project: High-Grade Resource with Open-pit and Underground Potential
EASTMAIN MINE PROJECT
A Past-Producer with Historic Resources and Growth Potential
ÉLÉONORE SOUTH JV
Indicative Geochemical Signature
8 OTHER SIGNIFICANT LAND PACKAGES
Prospective Gold Potential Strategically Staked Claims
TOP LAND POSITION IN THE JAMES BAY GOLD DISTRICT
Total Land Package: 137,665 hectares Top Mining Jurisdiction Access to Roads and Power
EASTMAIN January 19, 2016
Shares outstanding 175,354,814 Options (W Avg Life - 6.83 yrs, $0.68) 10,213,605 Warrants (Expire 11/10/18 , $0.50) 6,899,999 Fully-Diluted 191,508,418 Market Capitalization (20-day VWAP) $91 million Share Price (20-day VWAP) $0.52 52 Week High/Low $0.97 - $0.29 Daily Average Volume (30 day avg) 512,137
CASH POSITION
FT Funds: $9.7 M as of January 13, 2016
BUDGET TO Q1 2017:
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 4
CAPITAL STRUCTURE
TSX:ER
Beacon Securities - Mike Bandrowski Cormark Securities - Tyron Breytenbach GMP Securities - Ingrid Rico Laurentian Securities Mackie Research Capital - Barry Allan/Ryan Hanley Macquarie Capital - Michael Gray Paradigm Capital - Don Blyth
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 5
TOP SHAREHOLDERS Polygon 17.1 million 9.7% Goldcorp 10.5 million 6.0% Integra Gold 8.9 million 5.1% Van Eck 6.9 million 4.0% RBC Asset Management 5.7 million 3.3% Gabelli & Company 3.6 million 2.0% Don Robinson 2.7 million 1.6% Mackenzie Investments 2.6 million 1.5% Caisse du Depot (Sodémex) 2.6 million 1.5% US Global 2.3 million 1.3% Industrial Alliance Inv Mgmt 1.9 million 1.1% Commodity Discovery Fund 1.5 million 0.9% Industrial Alliance Insurance 1.4 million 0.8% Sentry 1.3 million 0.7%
ANALYST COVERAGE
CAPITAL STRUCTURE SHAREHOLDERS
TSX:ER
Insiders 2% Retail 50% Institutional & Major Shareholders 37% Goldcorp 6% Integra 5%
OWNERSHIP
TOP INSIDERS Claude Lemasson 1.0 million 0.6% Blair Schultz 0.9 million 0.5% Joe Fazzini 0.3 million 0.1% Mike Hoffman 0.2 million 0.1% Timo Jauristo 0.2 million 0.1% Laurie Curtis 0.1 million 0.1%
JAMES BAY GOLD CAMP
EMERGING GOLD DISTRICT
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 6
Production
The Canadian Shield has produced over 200 million
Life Cycle
James Bay is one of the youngest camps in the Canadian shield
Exploration
Potential for many more discoveries as exploration advances
Development
Rapidly improved infrastructure to speed up pace of exploration
Chibougamau are located in Southern James Bay Source: Company reports, government studies, and academic journals.
Central James Bay Rice Lake Casa Berardi Detour Hemlo Chibougamau Red Lake Rouyn-Noranda Val D’or Kirkland Lake Timmins 7 2 3 23 21 7 28 20 30 45 74
Production & Reserves (Millions of Ounces) First Gold Pour (Year)
2014 2005 1988 1983 1981 1952 1930 1927 1923 1915 1909
District
SUPERIOR INFRASTRUCTURE IN A TOP JURISDICTION
137,665 HECTARES IN NEWEST GOLD DISTRICT
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 7
Note: Clearwater is accessible via a commercial airport at Nemaska, located 80 kms south
Project, providing permanent road access to the Eastmain Mine project.
Ruby Hill Lac Lessard
Eastmain Mine
Route 167 Nord All-season road
Clearwater
Lac Hudson Reservoir Lidge Lac Elmer Radisson
Éléonore South JV
JAMES BAY REGION
50KM
Eastmain
James Bay
Mistissini Temiscamie Éléonore Mine Goldcorp Renard Mine Stornoway Troilus Mine Copper One Wemindji Waskaganish Chisasibi Nemaska Radisson
Lac Clarkie
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CLEARWATER PROJECT
ADVANCED EXPLORATION ON THE EAU CLAIRE DEPOSIT
EAU CLAIRE: MINERAL RESOURCE ESTIMATE 1 Total Measured & Indicated: 951,000 oz @ 4.09 g/t Au - 7,225,000 tonnes Total Inferred: 633,000 oz @ 3.88 g/t Au – 5,072,000 tonnes PROPERTY 51,614 hectares 30 person camp incl. full- kitchen, core-shack and cabins Hydro-power (20 kms away), road and nearby airports James Bay gold district greenstone belt, volcanics 100% ownership
Note 1. Technical Report for the Eau Claire Deposit, Clearwater Project by SRK Consulting (June 2015) filed
UPCOMING CATALYSTS Drilling results (1Q 2017) Mineral resource update (2Q 2017) Preliminary Economic Assessment (2H 2017)
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 9
EAU CLAIRE MINERAL RESOURCE
OPPORTUNITY TO IMPROVE QUALITATIVE AND QUANTITATIVE DATA
More drilling data in next mineral resource update Q2 2017
13,000 metres - drilling from late 2015 63,300 metres - in progress - 2016 and early 2017
Note: 5,000 metres drilled in 2014 at the Clovis Lake target, Clearwater Project
EAU CLAIRE DEPOSIT OVERVIEW: LOOKING WEST 450 West Zone Outcrop on Hilltop OPEN PIT POTENTIAL
Eau Claire Mineral Resource Drilling
99,000 m drilled 2011-2013 0 m drilled 2014-2015 99,000 m drilled since 2011
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 10
EASTMAIN MINE PROJECT
HISTORIC PRODUCTION, HISTORIC RESOURCE, INFRASTRUCTURE IN PLACE
Note 1. The Eastmain Mine (past-producing) Historical Resources is not NI 43-101
Qualified Person has not done sufficient work to classify them as mineral resources. The issuer is not treating these historical resources as current mineral resources and these resources should not be relied on.
HISTORIC MINING & RESOURCE Mined: 40,000 ozs at 10.58 g/t Au (1995) Resource1: 255,750 oz of 10 g/t Au in 878,000 tonnes $40M invested by previous owners
PROPERTY 8,014 hectares Permanent all-weather road,
60 person-camp incl. full-kitchen, core shack and cabins James Bay gold district greenstone belt (volcanics) 100% ownership UPCOMING CATALYSTS Exploration program results (1Q 2017) Full assessment of Eastmain past production, historic resources and targets (under review) Planning 2017 program
2016 - EARLY 2017 EXPLORATION BUDGET
$1.5 million
EXPLORATION UPSIDE New targets identified, including Julien and Suzanna – follow up underway Known mineralization around the historic resource Minimal past follow-up on drilling EXISTING RESOURCE AND INFRASTRUCTURE
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 11
EASTMAIN MINE PROJECT
REVITALIZATION AND EXPLORATION OPPORTUNITY 3 strong targets identified w/in 3 km of the mine: Hillhouse, Suzanna, Julien Follow-up IP survey and line cutting Additional drilling planned in March – larger program after spring break up
– Trenching on 4 targets warrants further drilling, new mineralized structures identified (161212 press release): – Channel J3-6: 45.1 g/t Au, 26.5 g/t Ag and 0.61% Cu over 2.0 m, including 85.5 g/t Au, 48.0 g/t Ag and 1.09% Cu over 1.0 – Channel J3-5: 4.81 g/t Au, 10.3 g/t Ag and 0.44% Cu over 6.5 m, including 13.5 g/t Au, 28.0 g/t Ag and 1.17% Cu over 2.0 – Channel J4-3: 5.04 g/t Au, 8.34 g/t Ag, 0.59% Cu over 2.5 m, including 10.7 g/t Au,13.9 g/t Ag, 1.26% Cu over 0.5 m
– Encouraging results, new Julien Target confirmed, results on next slide (170119 press release)
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 12
ÉLÉONORE SOUTH JV PROPERTY
INDICATIVE GEOCHEMISTRY – CONTIGUOUS TO ELEONORE MINE
Property size: 147 sq km JOINT VENTURE PARTNERS:
GOLDCORP’S ELEONORE MINE:
($950/oz AISC) MONI PROSPECT:
mineralization
Extends from JT Prospect east to Cheechoo discovery, over Moni Prospect (July 2016) FD PROSPECT
Eleonore gold mine, 4.5 km north of JT Prospect (July 2016)
2016-1H2017 Drilling Program
$2 million - JV Budget $0.74 million (Eastmain portion)
Goldcorp’s Eleonore Property Eleonore South JV Property
FD Prospect
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 13
ÉLÉONORE SOUTH JV DRILLING
RESULTS SUPPORT STRONG GEOCHEMICAL SIGNATURE
2016 – early 2017 Drilling Program: COMPLETE: PENDING: Surface prospecting Phase 2 – 2,500 m follow-up drilling Phase 1 Drilling - 2,500 m drilling (12 holes) (1H 2017)
PROSPECTIVE CORRIDOR
3 - 4 km long 0.5 km wide
PHASE 1 RESULTS: ALL 10 DRILL HOLES IN THE PROSPECTIVE CORRIDOR ARE MINERALIZED
EASTMAIN INVESTOR PRESENTATION ER:TSX www.Eastmain.com 14
THE WAY FORWARD
AGGRESSIVE EXPLORATION FOR AGGRESSIVE GROWTH
3Q16 4Q16 1Q17 2Q17 3Q17
Complete comprehensive drill campaign (63,000m) Updated mineral resource estimate Perform other technical optimization work Optimize and complete PEA and study work
CLEARWATER PROJECT EASTMAIN MINE PROJECT ÉLÉONORE SOUTH JV
Trenching Drilling (7,500m) Drilling (5,000m) Sampling
PRIORITIES (Calendar Year)
2017 Program 2017 Program 2017 Program
4Q17
TODAY
15
FOR MORE INFORMATION
Claude Lemasson P.Eng., MBA President & CEO
lemasson@eastmain.com
Alison Dwoskin CPIR Manager, Investor Relations
dwoskin@eastmain.com
Office: 647-347-3735
www.eastmain.com T S X : E R