Endomines AB (publ)
Exploring the true potential of the Karelian Gold Line
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Exploring the true potential of the Karelian Gold Line Endomines AB (publ) Disclaimer Exploring the true potential of the Karelian Gold Line Statements in this presentation which are not purely historical facts, including without limitation
Exploring the true potential of the Karelian Gold Line
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Statements in this presentation which are not purely historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance are “forward-looking statements”. Investors are advised that by their nature as visual aids, presentations provide information in a summary form and are prepared as a presenter’s aid and support - not a standalone document. Please note that such forward-looking statements involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in metal prices, unpredictable results
exploration activities, uncertainties inherent in the estimation
mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in Finland, and lack of appropriate funding, all of which could among other things, prevent any of the forward looking statements in this presentation from coming to fruition or lead to a delay in the development of mining operations.
Exploring the true potential of the Karelian Gold Line
Quoted on NASDAQ OMX Stockholm and OMX Helsinki Focus on gold production and exploration along the Karelian Gold Line - 40 km of gold prospective greenstone belt Production target 800-900 kg gold/year Long term development plans implemented Strong Social License to operate Pampalo Gold Mine project completed in December 2010 in line with the budget of €20 million Commercial production commenced in February 2011
3 Pampalo Karelian Gold Line
Helsinki
Ilmenite
Kivimaa Porkonen
Finland
Gold Industrial mineral Exploring the true potential of the Karelian Gold Line
Discovered in 1990 and explored by Finnish Geological Survey Developed by Outokumpu 1995-1999 as an open pit and decline operation down to 280m underground Historical production 115,000 tons of ore 15.3 g/ton strong indication of high grade deposits in the area Efficient production plant: The initial design capacity of 230,000 tpa in 2011 was successfully upgraded in 2013 to > max 450,000 tpa High utilization rate 93% Personnel Significant local employer – 70 % locals 60 own staff and 30 contractors Strong social license and local support for operations Company applies Zero Harm-policy in all operations Good safety performance No environmental issues
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Exploring the true potential of the Karelian Gold Line
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Mucking Ventilation raise drifting 14 Apr 2010
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Exploring the true potential of the Karelian Gold Line
Number of days without accidents:
Exploring the true potential of the Karelian Gold Line
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12 12-Jan-16 1999-2014 Stopes 2015 Stopes S-3 depth 755m 2,55m@4,3g/t S-1 depth 570m 6,8m @4,64 g/t
N S
Pampalo main lodes
S2
+500 +400 +600
Exploration plan 2015: Expand infill drilling between leves +535 and +570 Exploration drilling of depth extensions Exploration of Pampalo South
Historical mining 1995-1999: 115,000t @ 15.3 g/t (~1 600 kg Au) High gold content in small ”pockets” Hidden high- grade”pockets” potentially
Pampalo South – Exploration target area
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Significantly increased mineral resources and reserves as a result of six years of committed exploration
D
+500 +600
T-134 T-153
+700
D
Planned decline extension
Mined out T-916: 7m@12.2g/t Au Pampalo South:
zone discovered
S2 S D N-N2- CE-C S2 T-917: 17m@3.2g/t Au T-862: 6m@3.5g/t Au
+500 +600 +700
S3: 2.6m@4.3g/t Au
T-134 T-153
Decline
T-972: 4m@6.0g/t Au T-960: 12m@3.8g/t Au
T-934: 1m@63.2g/t Au and 9m@4.4g/t Au
T-954: 7m@5.1g/t Au T-942: 6m@6.6g/t Au and 10m@6.9g/t Au T-968: 4m@11.2g/t Au
T-976: 5m@3.0g/t Au T-942: 6m@10.6g/t Au T-977: 4m@6.8g/t Au T-943: 10m@3.5g/t Au T-932: 3m@6.5g/t Au T-985: 6.1m@9.6g/t Au T-921: 4m@4.5g/t Au And 1.1m@9.0g/t Au T-988: 1m@11.5g/t Au T-910: 6m@ 5.3g/t Au T-922: 4m@6.7g/t Au and 9m@5.6g/t Au T-1006: 10m@18.2g/t Au
T-930: 2m@3.9g/t Au T-989: 3m@6.7g/t Au
T-993: 2m@11.9g/t Au T-997: 3m@14.5g/t Au T-1004: 7m@3.4g/t Au T-1023: 6m@13.6g/t Au
T-982: 2m@15.8g/t Au
T-936: 3m@3.8g/t Au T-965: 2m@54.8g/t Au
T-1003: 10m@3.6g/t Au
T-1007: 8m@7.2g/t Au T-994: 3m@8.0g/t Au T-1011: 4m@11.5g/t Au T-986: 1m@18.1g/t Au T-981: 5m@5.0g/t Au
Mined out D
+500 +600
T-134 T-153
Decline Planned reserve (Endomines estimate) SRK resource (2016 mining 100 000t)
Planned stopes
+700 D-zone resource (Endomines estimate)
D
Planned exploration drift and core drilling Planned decline extension Planned core drilling Planned exchaust ventilation raise
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Zero Harm HSE-policy Straightforward environmental permitting Good safety record Long term commitment to local community development
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Shares
One (1) existing share entitles to three (3) subscription rights. One (1) subscription right entitles to one (1) new share
SEK 0.09 per share
EUR 0.01 per share
Gross SEK 70.8 m, fully subscribed
Rights issue is secured to 11.5 percent through subscription undertakings
75 percent
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One (1) share on the record date, December 21, 2015 entitles to three (3) subscription rights
subscription right entitles to subscription of
at SEK 0.09/ EUR 0.01
SEK 0.09/ EUR 0.01
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