Precious Metals and Gold Exploration and Development in Indonesia - - PowerPoint PPT Presentation

precious metals and gold exploration and development in
SMART_READER_LITE
LIVE PREVIEW

Precious Metals and Gold Exploration and Development in Indonesia - - PowerPoint PPT Presentation

Precious Metals and Gold Exploration and Development in Indonesia Corporate Presentation TSX-V: EAS TSX-V: EAS www.eastasiaminerals.com Disclaimer This presentation contains forward looking information within the


slide-1
SLIDE 1

Precious Metals and Gold Exploration and Development in Indonesia Corporate Presentation TSX-V: EAS

slide-2
SLIDE 2

PAGE

TSX-V: EAS www.eastasiaminerals.com

Disclaimer

2

This presentation contains forward looking information within the meaning of the securities legislation of British Columbia, Alberta and Ontario, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of East Asia Minerals, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, mine life estimation, permitting timelines, the possibility that future exploration, development or mining results will not be consistent with expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including gold, silver, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. 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. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of East Asia Minerals. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

slide-3
SLIDE 3

PAGE

TSX-V: EAS www.eastasiaminerals.com

Investor Highlights

3

Building a World Class Junior Gold Producer

  • !Over 3.3 million ounces of NI 43-101 gold resource in two projects:
  • !Miwah: 3.14M oz. Au, open on along strike, across width and at depth, in Protected Forest

Reserve

  • !Sangihe: 219K oz. Au including near surface oxides for near-term production cash flow
  • !Strong management team with Indonesia

expertise living in-country to focus full time on building the company’s resources.

  • !Attractive valuation and strong

shareholder base including Tocqueville Gold Fund as anchor shareholder.

3

slide-4
SLIDE 4

PAGE

TSX-V: EAS www.eastasiaminerals.com

Mining in Indonesia

4

10th Largest Producer of Gold Worldwide

  • !Stable multiparty democracy
  • !World-class gold deposits, including Grasberg the world’s largest gold deposit
  • !Improving climate for gold mining attracting renewed exploration activity and investment
  • !Martabe Mine in Sumatra bought for

US$775 million from G-Resources March 2016 by EMR Capital (61.4%), Farallon Capital (20.6%), and two Indonesian Investors (18%)

The Grasberg Mine is the largest gold mine and the third largest copper mine in the world. It is located in the province of Papua in Indonesia near Puncak Jaya, the highest mountain in Papua. It has 19,500 employees.

4

slide-5
SLIDE 5

PAGE

TSX-V: EAS www.eastasiaminerals.com

Sangihe Overview

5 5

Near-term, low cost production potential

  • !

Indicated & Inferred Resources of >266,000 Au equivalent ounces at Bawone and Binebase, located on Sangihe Island, North Sulawesi

  • !

Own 70% of COW valid until 2027 with 2 x 10 year extensions; EAS to cover exploration expenses up to BFS, then pro-rata

  • !

Plan to commence production of 1,000 oz. Au per month in mid 2018 via heap leach of oxides and increase resource through drilling

slide-6
SLIDE 6

PAGE

TSX-V: EAS www.eastasiaminerals.com

Sangihe – Location

6 6

slide-7
SLIDE 7

PAGE

TSX-V: EAS www.eastasiaminerals.com

Sangihe – Mineral Resource Summary

7

Sangihe Project Sulphide Resources at 1.00 g/t Au cut-off

Type Tonnes (t) Au (g/t) Ag (g/t) Au (oz.) Ag (oz.) Indicated 849,600 2.04 16.35 55,900 446,700 Inferred 1,307,400 1.71 12.03 72,100 505,500

Sangihe Project Total Resources

Type Tonnes (t) Au (g/t) Ag (g/t) Au (oz.) Ag (oz.) Indicated 3,157,400 1.13 19.43 114,700 1,972,400 Inferred 2,536,300 1.29 12.95 105,000 1,055,600

Sangihe Project Oxide Resources at 0.25 g/t Au cut-off

Type Tonnes (t) Au (g/t) Ag (g/t) Au (oz.) Ag (oz.) Indicated 2,307,800 0.79 20.56 58,800 1,525,700 Inferred 1,228,900 0.83 13.92 32,900 550,100

Resource open along strike and at depth

slide-8
SLIDE 8

PAGE

TSX-V: EAS www.eastasiaminerals.com

Sangihe – Contract of Work (CoW) Tenure Location

8

Near-term, low cost production potential

  • !

CoW total area of 82,080ha composed of 42,000ha on Sangihe Island and 40,080ha on Talaud Island

  • !

Exploration on Sangihe identified NI 43-101 (2013) 266,000 Au equivalent ounces (~139,000 indicated) at Bawone and Binebase

  • !

NI 43-101 (filed on SEDAR in 2010) for Bawone and Binebase with resource estimate of 835,000

  • z. of gold and 11,926,000 oz. of

silver all in the inferred category. Data was not used for 2013 NI 43-101

slide-9
SLIDE 9

PAGE

TSX-V: EAS www.eastasiaminerals.com

Sangihe – CoW Tenure Block A

9

The Sangihe Contract of Work (CoW) Block A

  • !Is located on the southern half of Sangihe

Island, 200km NE of Manado in, North Sulawesi Province

  • !Sangihe Island has a population of 130,000

which is a fishing and farming based economy

  • !Sangihe Island has good infrastructure with

sealed roads throughout and an airport and shipping ports which make Manado accessible by air (1hr) or by ferries (7 – 12hr)

  • !The Sangihe Block A hosts the Binebase

and Bawone prospects as well as other porphyry and epithermal mineralization

slide-10
SLIDE 10

PAGE

TSX-V: EAS www.eastasiaminerals.com

Sangihe – Project Photos

10

slide-11
SLIDE 11

PAGE

TSX-V: EAS www.eastasiaminerals.com

Sumatra & West Java – Mineral Deposits

11

An Emerging World Class Gold Province

slide-12
SLIDE 12

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah Overview

12

3.14Moz Resource with Exploration Upside

  • !

85% ownership interest through agreements with three IUP holders on 30,000 hectares located 130 km southeast of Banda Aceh on Sumatra, key asset in Protected Forest

  • !

EAS to fund all exploration costs up to BFS, thereafter pro-rata or dilution to 7% of net profit

  • !

IUP’s were introduced in 2009: Exploration IUP is 8 years with extensions, Operations IUP is 20 years with 2 x 10 year extensions, production royalty of 3.75%, 25% corporate tax rate, requirement to divest up to 51%

  • ver 10 year period after commencing

production

  • !

Resource Model (NI 43-101, I. Taylor, 2011) defined an Inferred Resource containing 3.14Moz Au and 8.95Moz Ag with exploration upside

12

slide-13
SLIDE 13

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah – Project Photos

13

slide-14
SLIDE 14

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah – Mineral Resource Summary

14

Resource open along strike, across width and at depth.

Cut-off (Au g/t) Ore (000t) Gold (g/t) Silver (g/t) Gold (000 oz.) Silver (000 oz.)

Miwah Main Zone Indicated 0.20 4,900 1.34 3.71 210 560 Inferred 0.20 99,100 0.92 2.63 2,930 8,380 Oxidation Classification Oxide 0.20 1,900 0.50 1.35 30 80 Partial Oxide 0.20 75,900 0.98 2.76 2,390 6,740 Fresh 0.20 26,100 0.85 2.56 700 2,110 Total 0.20 103,900 0.94 2.68 3,140 8,960

slide-15
SLIDE 15

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah – Mineral Resource Summary

15

Significant potential to increase resource

  • !

Miwah Mineral Resource Model (NI 43-101, I.Taylor,2011) derived from 76 drill holes drilled at Miwah Bluff and Miwah Peak only.

  • !

Drilling defined a Resource 1300m along strike, 400m in width and 300m deep.

  • !

Resource Model (NI 43-101, I.Taylor,2011) defined an Inferred Resource of 103.9Mt at 0.94g/t Au and 2.68g/t Ag containing 3.14Moz Au and 8.95Moz Ag

  • !

Miwah Mineral Resource remain open along strike both to the East and West, across width both to the North and South and at depth

15

slide-16
SLIDE 16

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah – Location & Geology

16

slide-17
SLIDE 17

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah – Drill Hole Location Map

17

slide-18
SLIDE 18

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah – Drill Hole Location Map

18

Section Slice 197675mE

slide-19
SLIDE 19

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah – Mineralisation Blocks

19

slide-20
SLIDE 20

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah – Mineralisation Cross Section Looking West

20

slide-21
SLIDE 21

PAGE

TSX-V: EAS www.eastasiaminerals.com

Miwah – Exploration Upside

21

Priority on exploring other zones

  • !

Potential to increase resource along strike from Miwah Bluff to Signal Hill & from Miwah Peak to East Miwah Peak. Also to expand the resource in width, north to Moon River, South to South Miwah Bluff and to include the resources at Sipopok

  • !

Exploration work to date suggests Miwah consists of a number of connected mineralized zones displaced by faults

slide-22
SLIDE 22

PAGE

TSX-V: EAS www.eastasiaminerals.com

Management and Directors

22

Experienced management and board of business professionals

Terry Filbert, CEO & Chairman – has been closely involved in the mining and exploration industry since 2005, with significant on-the-ground experience in Indonesia. In addition to his extensive knowledge of EAS’ main projects of Sangihe and Miwah, he brings his entrepreneurial skills from a series of successful business ventures that includes technology, import-export and human resources. Terry will be spending a majority of his time in Indonesia overseeing the Company’s operations. Ronald Scott Chaykin, CPA, Independent Director and Audit Committee Chair – brings over 30 years of experience as an entrepreneurial executive and consulting professional. He brings to the Board hands-on experience in domestic and international financial and administrative management, corporate structuring and compliance, strategic planning, private and public company regulatory compliance, operations, financial modeling, sales and marketing. Alan McMillan, Independent Director – is dynamic international executive with a history of driving and managing growth for both early stage and mature companies. He has served as CEO and director of public and private companies and lead a number of successful exits. Alan has lived and worked in Toronto, Silicon Valley, Shanghai and Hong Kong. He holds the ICD.D designation from the Institute of Corporate Directors, UOT Rotman School of Business. Garry Kielenstyn, Independent Director – See Indonesian Management Team Scott Davis, CPA, CGA – Chief Financial Officer – is a founding partner of Cross Davis & Company LLP Chartered Professional Accountants, a firm focused on providing accounting and management services for publicly listed companies. His experience includes CFO positions at several companies listed on the TSX Venture Exchange and Canadian Securities Exchange.

slide-23
SLIDE 23

PAGE

TSX-V: EAS www.eastasiaminerals.com

Management Team in Indonesia

23

Experienced team of mining professionals

Terry Filbert, CEO & Chairman – See Management & Directors Team Frank Rocca, Chief Geologist & Qualified Person – has over 25 years of experience in international exploration and mine development, including Indonesia, Australia, Africa, USA, and Chile. He earned a Bachelor

  • f Applied Science in Geology from Curtin University of Technology, Perth, Western Australia. Frank is a

member of the Australian Institute of Geoscientists and the Australian Institute of Mining and Metallurgy with 12 years of experience in NI43-101 compliant Resources and Reserves reporting. Juangga Mangasi Mangunsong – Country Manager – brings considerable local mining industry experience to help manage the assets of Sangihe and Miwah in Indonesia. He has over 20 years experience in the Indonesian mining industry including being the Director, Commissioner, Advisory Board Member, Business Analyst, and Mining Engineer for various large mining companies. Garry Kielenstyn, Director PTTMS – brings over 40 years of experience in the Indonesian mining and civil contracting industries, and has been living and working in Indonesia exclusively since 1990. Currently he is the Indonesia Country Manager and President Director appointed as a director of PT Cokal Limited (ASX: CKA) in January 2017, and has been a senior executive with Cokal since 2013. Garry has a strong track record of bringing projects through construction to production in remote parts of Indonesia.

slide-24
SLIDE 24

PAGE

TSX-V: EAS www.eastasiaminerals.com

Capital Structure & Financial Plan

24

As of Aug 31, 2017

  • !

Tocqueville Gold Fund owns approximately 13.4 million shares (25%) and holds 8.9 million warrants (fully diluted 36%)

  • !

Two stage funding planned for 2017/2018: –! First financing to fund property payments, environmental & prefeasibility studies, costs related to the Miwah reclassification, preparation for Sangihe production and working capital. –! Second financing to fund Miwah reclassification and heap leach operation at Sangihe. Shares Outstanding 53,787,612 Warrants 25,793,014 Options 1,301,007 Fully Diluted (as of Aug, 2017) 80,881,633

slide-25
SLIDE 25

PAGE

TSX-V: EAS www.eastasiaminerals.com

Contact Information

25

East Asia Minerals Corporation 905 W. Pender St., Suite 210 Vancouver, BC Canada V6C 1L6 T: +1-604-684-2183 F: +1-604-357-1987 Corporate Communications: Mark Sommer E: sommer@eastasiaminerals.com T: +1-604-684-2183 Main Corporate Contact: Terry Filbert CEO & Chairman E: tfilbert@eastasiaminerals.com

25