High-grade Gold Production Development in Colombia PDAC, March 2016 - - PowerPoint PPT Presentation
High-grade Gold Production Development in Colombia PDAC, March 2016 - - PowerPoint PPT Presentation
High-grade Gold Production Development in Colombia PDAC, March 2016 DISCLAIMER This presentation may contain forward-looking events or performance are not statements of statements concerning the Companys plans for historical fact and may be
TSX-V: AGD OTCQX: AGDFX www.antioquiagoldinc.com March 2016
DISCLAIMER
This presentation may contain forward-looking statements concerning the Company’s plans for its properties, operations and other matters. These statements refer to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning reserves and mineral resource estimates may also be deemed to be forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements”. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward- looking statements if these beliefs, estimates and opinions or other circumstances change. Investors are cautioned against attributing undue certainty to forward-looking statements. Some information provided is of a confidential nature and cannot be divulged or used for gain until it is made public.13
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Cisneros location
- Paved highway, <2 hours from Medellin
- Good infrastructure including power, water and gas
- Proximity to other notable gold projects
Santa Rosa Red Eagle Cisneros Antioquia Gold Gramalote Anglo/B2Gold Medellin
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Board of Directors
Felipe Ferraro
Director and Chairman of the Board
- B.Sc in agricultural engineering and MA in business
administration from the University ESAN-Stanford University
- Experience in industries including mining, enterprise, metal-
working and heavy equipment
- General manager for Cori Puno that operates the 30,000 oz/y
Au Untuca open-pit and underground mine in Peru (owned by the principals of Consorcio Minero Horizonte)
- Director of another TSXV-listed issuer
James (Jim) Decker, P. Eng.
Director and Vice President Investor Relations
- B.Sc. in Mining Engineering from Queen's University
- More than 40 years in the mining business
- President and principal partner of mining consulting firm Jim
Decker & Associates with clients including Barrick, Kinross, Teck and Xstrata
- Director of two other TSXV listed issuers
Clever Schrader
Director
- Seasoned professional with forty years of experience in
underground gold mine exploration and operations in Peru
- Currently Corporate Operations Manager for Consorcio
Minero Horizonte.
Ernesto Bendezu Flores
Director
- Lawyer in Peru with more than 20 years of mining
experience
- Legal manager for Consorcio Minero Horizonte
Michael Cannock
Director
- Businessman with expertise in the hospitality and
marketing sectors
- Director of hospitality at PI Fine Art in Toronto, Ontario
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Management Team
Felipe Ferraro
President and CEO, Director
- B.Sc in agricultural engineering and MA in business
administration from the University ESAN-Stanford University
- Experience in industries including mining, enterprise,
metal-working and heavy equipment
- General manager for Cori Puno that operates the
30,000 oz/y Au Untuca open-pit and underground mine in Peru (owned by the principals of Consorcio Minero Horizonte)
- Director of another TSXV-listed issuer
Rodger Roden
Chief Financial Officer
- Chartered Accountant with more than 25 years of
industry experience
- Former VP Finance/CFO with public and private
companies in a broad range of industries
- Currently CFO to several public companies
Alvaro Espinoza
Executive Vice President
- Strong background in mining finance
- Manager of Administration & Finance at Cori
Puno, a CMH subsidiary
James (Jim) Decker, P. Eng.
Vice President Investor Relation, Director
- B.Sc. in Mining Engineering from Queen's
University
- More than 40 years in the mining business
- President and principal partner of mining
consulting firm Jim Decker & Associates with clients including Barrick, Kinross, Teck and Xstrata
- Director of two other TSXV listed issuers
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Key Players
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Background
- History
- 2007 – Private investor group acquired core Guayabito property
- 2008 – Formed Antioquia Gold Inc. via reverse takeover
- 2009 to present – project advancement
- Acquisitions
- Guayabito
- La Manuela
- Pacho Luis
- Santo Domingo
- Guayabito Sur
- Exploration
- Mapping/Sampling/Geochemistry/Geophysics
- 45,000 m diamond drilling
- NI 43-101 Resource Report
- Development
- Internal feasibility studies
- Production decision for initial annual operation of 30,000 oz Au
- Currently in underground development stage
- Production
- Scheduled for year end 2016 or Q1 2017
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Acquisitions
8
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Initial Mining Areas
9
Guayabito Guaico
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Community Relations
- Highlights
- Communication Network
- Employment of Locals
- Reclamation
- Input for EIA permitting
- Financial Support for Community Projects
- Census of Land Owners/Residents
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Resource Estimate
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Exploration Potential
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Mine Development
- Mechanized underground mining
with trackless equipment (30t trucks, 3.5m3 scoops, jumbo drills)
- 500 tpd mine and process plant; 250
tpd first 2 years, 500 tpd thereafter
- 15,000 oz Au for first 2 years, increase
to 30,000 oz Au/yr thereafter
- Processing circuit with gravity,
flotation and dry tailings filtration process
- Dry tailings disposal/rock
- Initial 5-7 year mine life
Guaico Portal
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Mining Method % Production Cost US$/t Cut-off * (g Au/t) Equipment Backfill Mechanized Cut and Fill 67% 13.87 2.55 Jumbo & 3.5 m3 Scoop 70% Waste Backfill 30% Hydraulic Backfill Cut and Fill with Special Equipment 15% 21.31 2.84 Jackleg & 1 m3 Scoop 100% Hydraulic Backfill Shrinkage Stoping 18% 25.07 3.34 Jackleg 100% Waste Backfill Total 100% 2.70
Mine Plan
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3.5 m3 Cat Scoop
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Single Jumbo
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Explosives Magazine
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Guaico Tunnel – February 21, 2016
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Guaico/Guayabito Tunnel Section View
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Guaico Portal Area
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Guaico Long Section
GCO Structure GCFW5 Structure Key +1.0 g/t Au 0.1-1.0 g/t Au
43.7 g/t Au
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Guaico Vein – 1.5m
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Guayabito Long Section
B B’ C C’
Key +1.0 g/t Au 0.1-1.0 g/t Au GYB2 Structure El Bolo Structure
31.3 g/t Au
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Guayabito Plant & Infrastructure Layout
Plant Site Guayabito Portal Hydraulic Backfill Plant Shop Office/Dry Complex Warehouse
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Guayabito Plant & Portal
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Mine Development Renders
Guaico Guayabito
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Cisneros Metallurgy/Flotation Testing
Metallurgical tests indicate >95% gold recovery
Unit Guaico Guayabito Mineral weight g 1,000 1,000 Au head grade analyzed g/t 5.3 6.7 Au head grade calculated g/t 5.7 6.6 Granulometry -200 mesh % 60 60 Density Kg/L 1.3 1.3 Conditioning time Min 5 5 Initial pH of flotation 8.8 8.4 Final pH of flotation 8.4 8.1 Flotation time Min 16 16 Xanthate Z-6 consumption g/t 60.0 60.1 ER-350 consumption g/t 22.4 22.4 MIBC consumption 15.2 15.2
20 40 60 80 100 2 4 6 8 10 12 14 16 18 % Recovery Time, minutes
Flotation Without Gravimetrics, Guaico
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Project Financing in Place
- Capex US$18M
- Infinita unsecured US$15M loan
- ~8% loan interest
- Two-year grace period
- US$6M drawn to date
- US$12M to draw down in 2016
- US$3M from cash flow from 1Q17
+ =
Value creation Reduced risk
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Mine Development Timeline
Infrastructure & Mine Development
Guayabito Guaico
2016 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 2017
Plant
Detailed Engineering Mine Development Ongoing Ore Production Ore Production Env’l & Mining Permit Construction Testing & Commissioning
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Current Status – Full Steam Ahead
- Permits in hand for Guaico
- Guaico Tunnel & Infrastructure close to completion
- Guayabito Tunnel & Infrastructure awaiting permit
- Plant detailed engineering ongoing
- Contractors working well
- Other
- Guaico underground diamond drilling
- Guayabito South Exploration
- Exploration tunnel
- Drilling
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