BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | - - PowerPoint PPT Presentation
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | - - PowerPoint PPT Presentation
December 2018 BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com FORWARD LOOKING STATEMENTS This presentation includes certain "forward-looking
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
FORWARD LOOKING STATEMENTS
This presentation includes certain "forward-looking statements" and “forward looking information” (as defined under applicable securities laws), based on management’s best estimates, assumptions and current
- expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Pangeni Copper Project and the acquisition of additional base metal
- projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts" , "anticipates" "plans", "anticipates", "believes",
"intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the Pangeni Copper Project; risks related to international operations; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including copper and other base metals; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which the Company
- perates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
- statements. The forward-looking statements and forward looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to
revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company’s most recent filings under its profile at www.sedar.com including its Filing Statement dated July 18, 2018 for further information respecting the risks affecting the Company and its business. John Wilton (Pr.Sci.Nat), President, CEO and Director of BeMetals Corp. is the “qualified person” for the purposes of the National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI- 43-101), and he has reviewed and approved the technical disclosure contained in this presentation.
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BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
DIRECTORS, MANAGEMENT & ADVISORS
3 DEREK IWANAKA, B.Comm (Marketing)
VP, INVESTOR RELATIONS & CORPORATE DEVELOPMENT
Brings a wealth of investor relations and marketing experience. During his 15+ years in the mining sector he has built an extensive network of analysts, news letter writers, retail investors and institutional investors. He started his career with Bema Gold (NYSE & TSX: BGO) in 2002 and has since been instrumental in the mergers, acquisitions, and divestures of over 20 gold, silver, nickel, and uranium properties and companies.
KRISTEN REINERTSON
CHIEF FINANICAL OFFICER, CORPORATE SECRETARY & DIRECTOR
Also currently serves as Vice President, Corporate Finance of Fiore Management & Advisory Corp. where she has over 10 years of experience in corporate administration and financial advisory services for public companies in the natural resource sector.
CLIVE JOHNSON
DIRECTOR
Currently serves as President, CEO & Director at B2Gold (NYSE: BTG, TSX: BTO) and previously at Bema Gold (NYSE & TSX: BGO). Collectively he has raised over US$2 billion in equity and debt financings for the construction of numerous profitable
- perating mines around the globe. Today, B2Gold has grown to become a leading
senior gold producer.
TOM GARAGAN, BSc (Honours) Geology
DIRECTOR
Currently serves as Senior Vice President, Exploration at B2Gold (NYSE: BTG, TSX: BTO) and previously at Bema Gold (NYSE & TSX: BGO). He has led the exploration teams which have discovered over 32 million ounces of gold, 6 billion pounds of copper and 56 million ounces of silver. His teams’ discoveries include Refugio and Cerro Casale in Chile as well as Kupol in far-east Russia.
JOHN WILTON, BSc (Honours) Geology
PRESIDENT, CEO & DIRECTOR
28 years of experience in the minerals industry including roles in target generation, feasibility studies, and business development for base and precious metals. From 2010-2017, he was the Regional Exploration Manager of Africa at Antofagasta PLC. He was also a senior member of both the discovery and resource development teams of the Otjikoto Gold Mine in Namibia with Anglovaal Mining.
ROGER RICHER, BA, LLB
DIRECTOR
Serves as the Executive VP, General Counsel & Corporate Secretary of B2Gold (NYSE: BTG, TSX BTO) and previously at Bema Gold (NYSE & TSX: BGO). Currently he oversees the legal affairs, corporate records and corporate governance of B2Gold.
RICHARD SILLITOE, Ph.D.
TECHNICAL ADVISOR - ECONOMIC GEOLOGIST World-renowned economic geologist who has been an economic geological consultant for over 40 years and has worked in more than 100 countries. He has made major contributions to the discovery of a variety of deposits and has authored over 130 economic geology articles as well as three books. Specializes in deposit modeling using field observations and drill core.
DENNIS STANSBURY, P.Eng
TECHNICAL ADVISOR - MINING ENGINEER
Serves as Senior Vice President, Engineering & Project Evaluations at B2Gold (NYSE: BTG, TSX: BTO) and was previously Senior VP, Development & Production at Bema Gold (NYSE &TSX: BGO). He has over 40 years of engineering, construction, production and management experience at surface and underground mines in fifteen different countries. Lead the development teams in completing 5 mines on schedule and on budget.
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
OUR STRATEGY AND COMPETITIVE ADVANTAGE
Founded by executives of B2Gold Corp. who have a demonstrated track record of identifying, funding, constructing, and operating numerous mines around the globe. Assemble a balanced portfolio of base metal projects focused on acquiring: 1. Near-term development assets or producing mines with expansion and exploration potential 2. Exploration properties with world- class discovery potential Utilize the team’s extensive network to access large deal flow of projects and lever their technical expertise to select high-value projects for exploration, development and production.
Building a base metal company that will focus on efficient delivery of high value exploration and mining development projects.
THE NEW PLAYER IN BASE METAL EXPLORATION & DEVELOPMENT
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Utilize the founding team’s demonstrated banking relationships and ability to raise over US$2B for global acquisitions, exploration, construction and operation
- f 10 mines world-wide.
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
OUR GROWTH STRATEGY
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1. Acquire a flagship development stage base metal project using the following guiding criteria:
- Quality: High value ore with robust mine economics
- Stage: DFS, PFS, or PEA (Short-lead time to production)
- Size: Initial moderate tonnage and capex (credibility to JV larger scale projects)
- Potential Deposit Types: VMS, Skarn, Vein-hosted, Oxide, Sediment-hosted
- Jurisdiction: Open to a range of regions (Team has extensive global experience)
2. Exploration of Pangeni Copper Project
- Advancing early-stage exploration with Tier 1 discovery potential
3. Build a balanced portfolio of projects
- Expedite growth with parallel development and exploration assets
DFS = Definitive Feasibility Study PFS = Pre-feasibility Study PEA = Preliminary Economic Assessment Capex = Capital Expenditure VMS = Volcanogenic Massive Sulphide
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
MANAGING RISK – OUR COMPETITIVE ADVANTAGE
Delivering on our promises Ongoing commitment to stakeholders including shareholders, employees and local communities Building positive relationships in the communities and at all levels of government in the regions in which we operate Adopting a win- win approach
PROVEN TRACK RECORD OF MANAGING POLITICAL, PERMITTING, AND FINANCING RISKS
1988
Chile
1998
Russia
2003 (& 1990)
South Africa
2009
Nicaragua
2011 (& 1999)
Namibia
2013
Philippines
2014
Mali
2014 (& 1988)
USA
6
2004
Zambia
FAIRNESS RESPECT TRANSPARENCY ACCOUNTABILITY
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
PROVEN TRACK RECORD
BEMA GOLD Acquired by Kinross Gold for
CDN$3.5 B
B2GOLD Current Market Capitalization of
CDN$3.3 B
BeMetals Current Market Capitalization of
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BEMA GOLD
- Est. on Dec. 8 with a
Market Capitalization of
CDN$33.7 M
10,286% GROWTH 2007 1988 2007
B2GOLD IPO’d on Dec.6 for proceeds of
CDN$100 M
3,200% GROWTH 2018 2018
CDN$18 M
B2Gold’s Otjikoto Mine, Namibia Kupol Gold Mine, Russia
This is just the beginning!
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
THE WORLD NEEDS BASE METALS
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Uses of Copper – Highly Conductive
- Building construction
- Electrical & electronics
- Transportation equipment
- Consumer products
- Machinery
Uses of Zinc – Anti Corrosive
- Building construction
- Consumer products
- Galvanized steel such as in car bodies
- Electrical & Electronics
- Transportation
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
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THE WORLD NEEDS BASE METALS: GROWING COPPER DEMAND
Annual consumption growth estimated at 1.8% and has averaged 2.5% over the last 40 years
35,000 30,000 25,000 20,000 15,000 10,000 2010 2015 2020 2015 2030
5Mt
Existing Mines Refined Production
Source: RBC Capital Markets estimates: Wood Mackenzie
Tonnes (In thousands)
A Shortfall of Copper Supply Is On The Horizon
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
50 100 150 200 250 300 350 5/7/2018 6/6/2018 7/6/2018 8/7/2018 9/6/2018 10/8/2018
Tonnes (In Thousands)
6 month LME Cu Warehouse Stock Levels
10 50 100 150 200 250 300 350 400 450 500 11/6/2013 9/8/2014 7/9/2015 5/10/2016 3/10/2017 1/10/2018
Tonnes (In thousands)
5 year LME Cu Warehouse Stock Levels +60% Decrease
THE WORLD NEEDS BASE METALS: SHRINKING COPPER SUPPLY
+50% Decrease
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com 10,648 11,000 11,000 11,219 11,574 10,914 12,646 12,726 12,378 13,148 13,674 13,398 13,752 14,071
2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Tonnes (in thousands)
Global Consumption of Zinc 32% Increase
THE WORLD NEEDS BASE METALS – GROWING ZINC DEMAND
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Source: Statista
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
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50 100 150 200 250 300 5/7/2018 6/6/2018 7/6/2018 8/7/2018 9/6/2018 10/8/2018 Tonnes (In Thousands)
6 month LME Zn Warehouse Stock Levels
200 400 600 800 1000 1200 11/6/2013 9/8/2014 7/9/2015 5/10/2016 3/10/2017 1/10/2018 Tonnes (in thousands)
5 year LME Zn Warehouse Stock Levels 90% Decrease
THE WORLD NEEDS BASE METALS: SHRINKING ZINC SUPPLY
+40 Decrease
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com 200 km
Zambia
Angola DRC
Kamoa Kolwezi Konkola Mufulira Nkana Kansanshi Lumwana Sentinel
Post 2000 Discovery/Mine Development
Kakula
ZAMBIAN COPPERBELT: PANGENI EXPLORATION PROJECT
ZAMBIA
- World-class exploration potential under the
Kalahari sand cover in the Copperbelt
- Recent history of new mine developments:
- First Quantum: Kansanshi Mine,
Sentinel, Kansanshi Smelter
- Barrick: Lumwana Mine
- BeMetals can earn up to 72% of Pangeni
property through an agreement with Copper Cross Zambia and Pangeni Mineral Resources by: 1.US$2.5M expenditures on property over 2 years and cash payments of US$300k & 500k shares (for 67.5%) 2.Completing a feasibility study & US$750k (for 4.5%)
13 Pre 2000 Discovery/Mine Development
Baluba/Luanshya Nchanga
- Population of 16.5 million
- Stable democracy & judicial
system
- Strong and long history of
copper mining which is a fundamental sector of Zambia’s economy
- Mining corporate tax = 35%
- Variable copper price based
royalty
Central African Copperbelt
PANGENI COPPER PROJECT
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
Kamoa Kakula Konkola Nkana Mufilara Luanshya Kolwezi Nchanga
N
Lumwana
PANGENI JV: REGIONAL PEDIGREE & COMPETITORS
PANGENI JV PROJECT
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Ivanhoe Mines – Kamoa-Kakula Deposits Combined Indicated Resource: 80.7 Blbs Cu Metal(1) Combined Inferred Resource: 13.0 Blbs Cu Metal(1) First Quantum Minerals - Kansanshi Indicated Resource: 11.0 Blbs Cu Metal Inferred Resources: 5.8 Blbs Cu Metal First Quantum Minerals - Trident Indicated Resource: 12.0 Blbs Cu Metal Inferred Resources: 1.1 Blbs Cu Metal Barrick - Lumwana Indicated Resource: 7.7 Blbs Cu Metal Inferred Resources: 2.2 Blbs Cu Metal Zambian Copperbelt - Kafue Anticline Deposits Combined Indicated Resource: 165.3 Blbs Cu Metal
Trident
BeMetals’ Pangeni Property Covers 575km2
Mining Operation
Kansanshi Baluba
Footnotes: (1) At 1.0% Cut-off Grade (Cu%)
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
PANGENI JV: PROOF OF CONCEPT INITIAL RESULTS
CENTRAL TARGET
- Discovery of significant Cu + Co mineralization
with setting similar to other mines in Zambian Copperbelt
- Intersections:
- CT1, 6.1m @ 0.34% Cu (and 320ppm Co) (from 39m)
- CT3, 6.0m @ 0.35% Cu (from 176m)
- Other meaningful Cu mineralized zones intersected
- Mineralization over at least 500m strike, >25km strike
potential of thrust structure under thin cover
Chalcopyrite, CT1, 147m Bornite, CT3, 198m Chalcopyrite, SW1, 135m Chalcopyrite, SW1, 148m
SW TARGET
- Discovery of a significant Cu mineralized system
- Intersections:
- SW1, 4.5m @ 0.30% Cu (from 121.5m)
- SW1, 5.5m @ 0.48% Cu (from 142.5m)
- SW2, 2.0m @ 0.28% Cu (from 112.1m)
- Other meaningful Cu mineralized zones intersected
- Mineralization over at least 1200m strike; strike potential
several km
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BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
SW1
CentralTarget SW Target Line B Line A Line D2 Line C4 Line E2 Line E3 Line E5
CT3 CT2 CT1
aircore
SW2
Extent of next map
PANGENI JV: HIGH VALUE EXPLORATION POTENTIAL
3 Diamond-drilled core boreholes at Central Target 2 Diamond-drilled core boreholes at SW Target
Central Target: Copper Clearing 16
- Possible extension of Zambian Copperbelt
- Extensive but thin Kalahari sand cover
and limited historical exploration in this region
- Completed Phase 1 aircore drill program
- f US$300k; Yielding encouraging results
- Completed Phase 2 aircore drill program
- f US$300K in November 2018; Results
pending
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
SW TARGET PHASE 1 AIRCORE RESULTS
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Line E2
- Phase 1 aircore drill results. See news release
dated November 15, 2018
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
PANGENI JV: COPPERBELT SCALE DELIVERY POTENTIAL
SW TARGET
COPPER DISCOVERY 18
Central Target South West Target Basement Units Central Thrust Belt Basement Units
CT1, 6.1m @ 0.34% Cu, 320ppm Co (from 39m) CT3, 6.0m @ 0.35% Cu (from 176m) SW1, 4.5m @ 0.30% Cu (from 121.5m) SW1, 5.5m @ 0.48% Cu (from 142.5m)
CENTRAL TARGET
COPPER DISCOVERY
SW TARGET
COPPER DISCOVERY
Line B Line A Line D2 Line C4 Line E3 Line E5 Line E2
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
CORPORATE OVERVIEW (As of November 30, 2018)
CAPITAL STRUCTURE SHARE PRICE PERFORMANCE
Issued & Outstanding Stock Options Fully Diluted Shares
68.1 M 6.3 M 74.4 M
ENTERPRISE VALUE
Market Cap Cash Debt
C$16.0 M ~C$1.0 M NIL
SHARE OWNERSHIP
19
Insiders & Advisors 36%
Retail 64%
100 200 300 400 $0.00 $0.10 $0.20 $0.30 $0.40 19-Jul-18 19-Aug-18 19-Sep-18 19-Oct-18 19-Nov-18 Volume (in thousands) Share Price (CDN$)
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
INVESTMENT HIGHLIGHTS -VALUE PROPOSITION
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1. Led by an experienced base metals management team. Supported by some of the best mine finders, builders, and operators in the mining industry. 2. Large access to deal flow. Targeting to acquire a high-value base metal (primarily copper and/or zinc) near-term development assets that can be efficiently brought into production. 3. Access to equity and debt financing. Even under challenging market conditions our team has demonstrated an ability to access capital for acquisitions and mine building. 4. Building a balanced portfolio. Focused on acquiring cornerstone development project(s) and value adding discovery.
BUILDING THE FUTURE WITH BASE METALS TSX-V: BMET | bemetalscorp.com
Contact Us
BeMetals Corp.
Suite 3123, 595 Burrard Street PO Box 49139 Vancouver, BC Canada V7X 1J1 Web: www.bemetalscorp.com
Derek Iwanaka
Vice President, Investor Relations & Corporate Development Email: info@bemetalscorp.com Tel: +1.604.609.6141
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