TSX.V:EDW Forward Looking Statement Certain statements in this - - PowerPoint PPT Presentation

TSX.V:EDW Corporate Presentation | Nov 2012

Certain statements in this document constitute “forward looking statements” which may not be based on historical fact. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements

• f the Company, or industry results to be materially different from any future results,

performance, or achievements expressed or implied by such forward looking statements. Such factors include, among others, the following: actual results of exploration and development activities; the estimation or realization of mineral reserves and resources; the timing and the amount of future production; the costs and timing of the development of new deposits; future prices of precious and base metals; accidents; risks inherent in mineral exploration; risks associated with development, construction and mining operations; restrictions on foreign

• wnership; the Company’s history of operating losses and uncertainty of future profitability;

uncertainty of access to additional capital; environmental liability claims and insurance; and dependence on joint venture partners.

2

Forward Looking Statement

$10.2 $14.4 $18.0 $23.6 $27.6 $33.1 $37.8 $41.1 $48.5 $53.0 $79.0 Astur Edgewater Volta Olympus Orezone Dalradian Azumah Oromin Keegan Gryphon Lydian

Edgewater is currently valued at $14 Market Cap/oz Gold with significant shareholder potential in 2012-2013 Group Avg $35 Market Cap/oz Gold

EDW Value Opportunity

3

PRO MINING, STABLE MINING JURISDICTIONS

• First world, pro mining jurisdiction
• Advanced Gold development project
• All levels of government supportive
• Expedited/fast track to mining permits in 2012
• Awarded $120M debt mandate to Credit Suisse and

Barclay’s Capital

TEAM AND PARTNERS: Proven, Successful, Experience

• Proven management with mine building and production experience
• Financial Advisor: Mr. AJ Ali has successfully raise over $1B debt project finance
• Featherstone Capital Advisors: have significant success in creating shareholder wealth
• Tetra Tech: An internationally recognized leader in the design and engineering of feasibility level

gold projects world wide.

• Kinross Gold Corp.: A Canadian-based gold mining company with mines and projects in Brazil,

Canada, Chile, Ecuador, Ghana, Mauritania, Russia and United States.

100% Ownership 51/49 Joint Venture Kinross Gold Corp.

Investment Highlights

4

• Preliminary Economic Assessment*

ESTABLISHED PROJECTS

*$1500 Au

CORCOESTO GOLD PROJECT, Galicia NW Spain ENCHI GOLD PROJECT, GHANA

• NPV 5% $340 Million
• IRR 34%
• PAYBACK yrs 2.5
• AVERAGE ANNUAL REVENUE $80M
• September 2012 Edgewater sold a new 1% royalty to a third party, putting

a total NSR royalty on production of 2.5%

• 60 Km south west of Chirano Gold Mine (5M ounces)
• Recently announced resource (749,000 ounces gold grading 1.13g/t) using

a 0.70g/t cut-off

• +500sq km land package

100% Ownership 51/49 Joint Venture Kinross Gold Corp.

Investment Highlights

5

George Salamis, President & CEO, Director

+20 years experience directing exploration, development, and mining operations of a number of gold, base metal and coal projects, Mr. Salamis has held senior management positions with Placer Dome and Cameco Corporation and has completed M & A transactions valued over $1B

Greg Smith, P.Geo, Vice President Exploration

+23 years exploration experience working for both junior & senior mining operations and has been involved in outlining +10Moz gold discovery

Edward Farrauto, CFO

+20 years experience as CFO and Director of public companies, has been involved in raising over $500 million of equity and debt and completed M & A transactions valued over $750 million

• Dr. John Thomas, COO

+38 years experience in the mining industry in several countries. His experience covers a wide range of activities including process development, feasibility studies, management of construction and operation of mines. Dr. Thomas is a professional engineer and has a B.Sc., M.Sc., and a PhD in metallurgical processing

• Mr. AJ Ali, Project Finance Advisor
• Mr. Ali has over 20 years experience in the mining industry and has been involved with over $2B (USD) in M&A and

project financings for global mining projects. Previously Mr. Ali was the Chief Financial Officer and a Director of Centenario Copper Corporation before its acquisition by Quadra FNX Mining and Chief Financial Officer of EuroZinc Mining Corporation (2004 to 2006) before it merged with Lundin Mining.

Doug Forster, M.Sc. P.Geo, Director

+30 years resource project development, M&A, equity finance and public company management, Mr. Forster is President & CEO of Featherstone Capital, he has been Founder and director of several public companies

Edgewater Team

6

Mgmt &

Insiders 19%

Institutional

38%

Retail 38% Kinross

Gold Corp 5%

Ownership Share Structure

Issued & Outstanding 76,705,437 Warrants

6,515,000 @ 1.10 (2013) 984,780 @ $1.10 (2012) 7,806,500 @ $1.40 (2013) 2,436,250 @ $0.50 (2013)*

’22,117,750 Options 7,902,000 Fully Diluted* 106,725,187* Cash $5,500,000 Fully Diluted Cash $27,000,000

• If Edgewater delineates a NI43-101 compliant resource of 3Moz of gold in the M&I category on

the Enchi Gold Project, then Kinross can exercise an additional 2.5M warrants at $0.50 and 2.5M warrants at $1.00 (included in the fully diluted number above). *September 24 Edgewater sold a NSR royalty interest on the Corcoesto Gold Project and an equity component to the same purchaser or the royalty

Edgewater Capital Structure (Oct 2012)

7

Unconditional support from all levels of government and community in Galicia, NW Spain An autonomous region, all mine permits granted locally at the municipal and state levels (no federal approvals required) Expedited permitting with “Strategic Industrial Project” awarded June 2012 Excellent logistics with roads, power and water PEA demonstrates robust economics with an average of 100k/oz a year gold project with expansion potential Updated NI 43-101 Resource Estimate – Q1, 2013 Bankable feasibility study - Q1 2013 Mine permitting - Q4, 2012 Project Finance underway – Q1, 2012

8

Corcoesto Gold Project

Unconditional support from all levels of government and community in Galicia, NW Spain Expedited permitting with “Strategic Industrial Project” awarded June 2012 Strategic Industrial Project – part of the Industrial Promotion act of Galicia

Minimization of processing time and priority for the project to advance with expedited permitting timelines Exemption from municipal license Declaration of the project as public utility and social interest Additionally it involves rights for access to energy or water to the project site

9

Corcoesto Permitting (Q4,2012)

Minister of Economy and Industry, Javier Guerra, considers Corcoesto “a great opportunity, one which will create a lot of jobs.” Mr. Guerra stated Xunta “is going to support investments which fulfill the existing legislation, ones which are safe and generate wealth and jobs” June 2012, The President of Galicia left held a press conference discussing the details of the Strategic Industrial Project for Corcoesto, the benefits to the local region including the creation of new jobs and investment

6,000 tpd

Years 1-10

(Base Case $US1300/oz)

Average annual production (Au oz) 102,000 Average annual net revenue ($US M) 60.0 Metallurgical recovery (%) 89.1 Strip Ratio 8.0/1 Average annual net cost ($US/oz) 713 Capital cost ($US M) (17.5% Contingency) 160 $1300/oz $1500/oz Payback (years) 3.4 2.5 IRR (%) 24 34 NPV (5%) (Million) 206 340 Average annual net revenue ($US M) 60.0 80.3

Corcoesto Gold Project PEA

Preliminary Economic Assessment NI43-101 Compliant includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized *Slide 10 containing details of the NI43-101 Compliant resource

10

$0 $50 $100 $150 $200 $250 $300 1 2 3 4 5 6 7 8

Base Case ($1300/oz)

Edgewater’s Corcoesto Project Auryx Gold Corp Otjikoto Project *92% Annual Avg Production

102,000 100,000

Cash Cost $US/oz

713 725

Initial Capital Cost

135* 110

Mill Feed Grade 1.70g/t gold 1.52g/t gold Strip Ratio

8.0:1 7.3:1

Payback

3.4 yrs 4.9 yrs

Basic Market Cap

$29 M $142 M

*B2Gold acquired Auryx Gold for $160M, excluding contingency, working capital and both projects are at the PEA stage.

Mkt Cap ($Million) $28M Mkt Cap $142 Mkt Cap

(1.4M oz Au) (1.5M oz Au)

Corcoesto Project / Peer Comparison

Edgewater Exploration

Astur Gold Corp Group Average Auryx Gold Corp Ampella Mining Lydian International Gryphon Minerals

11

Corcoesto Gold Project - Design

12

1.5km 200m

Resource expansion potential significant at depth

Corcoesto Resource Expansion Potential

13

Corcoesto Exploration Upside

14

Pozo Del Ingles Gold Zone Grade thickness long section Corcoesto Gold Project – Plan Map Peton de Lobo Gold Zone Grade thickness long section Cova Crea Zone Open at Depth

Potential extensions to structures on strike

Open at Depth Open at Depth

Current Open pit shell

NI 43-101 Resource Summary

Resource Class Cutoff

(g/t Au)

Tonnes

(x1000)

Gold g/t Contained Gold

(x1000 oz)

Measured 0.65 3,899 1.77 222 Indicated 0.65 1,823 1.69 103 Measured + Indicated 0.65 5,783 1.74 325 Inferred 0.65/2.0 20,265 1.76 1,149

15

A total of 1,101.9 m of surface trenching in 55 trenches, 443.1 m of adit sampling in 4 adits and 42,326.2 m of diamond and RC drilling in 436 drill holes were used in the resource with sample spacing’s that were less than 30 m for Measured resources, less than 40 metres for Indicated resources and less than 195 m for Inferred resources except for Inferred resources below 200 m from surface and for the northern two vein systems that used drill spacing’s of 196 m A base cutoff grade of 0.65 g/t Au was used for reporting resources above a depth of 200 m from surface and a cutoff grade of 2.0 g/t Au was used for reporting resources below 200 m from surface

Corcoesto 2011 Resource Estimate

51/49 Joint Venture with Kinross Gold (TSX: K) Mid-stage exploration comprised of 8 licenses totaling 568km2 290km west of the capital city Accra, accessed via sealed roads Locating the next +3-5M ounce gold deposit on the Bibiani Shear Zone Bibiani Shear Zone hosts +25M ounces

• f gold, Enchi hosts the largest

contiguous land package Exploration and drilling program underway

2nd largest produce r in Africa

6Moz Enchi

Cote d’Ivoire

3Moz 3Moz +5Moz 45Moz 37Moz 17Moz 5Moz

Enchi

16

Analagous to Chriano and Bibiani Gold Mines Chirano covers 9km of the Bibiani Shear Zone Enchi covers 50km over the Bibiani Shear Zone Trenching and soil sampling underway Airborne geophysical survey identified +25 new targets

Enchi Gold Project

17

NI 43-101 Resource Summary

Zone Cutoff

(g/t Au)

Tonnes Gold g/t Contained Gold Boin 0.70 9,551,000 1.20 369,600 Nyam 0.70 3,633,000 1.06 123,700 Sewum 0.70 7,449,000 1.07 255,750

Total

20,627,000 1.13 749,000

18

• 1. CIM definition standards were followed for the resource estimate.
• 2. The 2012 resource models used ordinary kriging (OK) grade estimation within a three-dimensional block model with mineralized zones

defined by wireframed solids.

• 3. A base cutoff grade of 0.7 g/t Au was used for reporting resources with a capping of gold grades at 18 g/t.
• 4. A density of 2.45 g/cm3 was applied.
• 5. Numbers may not add exactly due to rounding.
• 6. Mineral Resources that are not mineral reserves do not have economic viability

Enchi 2012 Inferred Resource Estimate

19

Enchi Resource with cut-off Range

NI 43-101 Resource Summary

Cutoff

(g/t Au)

Tonnes Gold g/t Contained Gold 0.30 71,241,000 0.65 1,489,295 0.40 51,633,000 0.76 1,269,739* 0.50 37,278,000 0.89 1,063,868 0.60

27,538,000 1.01 892,682

0.70

20,627,000 1.13 749,081

0.80

15,887,000 1.24 635,200

0.90

12,644,000 1.35 546,878

*West African average cut-off is 0.4g/t which represents +1.2M ounces Gold

Several different targets identified with multi-million ounce potential to build upon

Enchi Potential

2.65g/t Au over 35m Open in all directions 1.44g/t Au over 17m Open in all directions (900m North of Boin Zone) 3 geo-chemical anomalies over 3km long Open in all directions 1.13g/t Au over 34m Open in all directions Sewum highest geo-chemical anomaly Drill results include: 2.0g/t Au

• ver 30m, 0.53g/t Au over 81m 20

1.14g/t Au over 68m Open in all directions

21

2 0 1 2 2 0 1 3

Q1 Q2 Q3 Q4 Q1 +35,000m Diamond Drill Program Environment / Permitting Project Financing Final Feasibility Study

Mining Permit

Edgewater News Flow & Timeline

Resource Estimate Project Finance Feasibility Study

Exploration work underway

Corcoesto Enchi

Experienced management with mine building and project finance expertise Completed a PEA demonstrating a NPV(5%) of $340M using a $1500 gold price. EIA Submitted and Public Consultation completed (‘Strategic Industrial Project’ status) Debt/Project Financing arrangement with Banks Updated Resource estimate Q1, 2013 Mine development permit Q4, 2012 Bankable Feasibility Q1, 2013 Construction decision Q1, 2013

Ghana

Inferred Resource Estimate South west of three large open pit and under ground mining operations Locating the next 3-5M ounce gold deposit on the Bibiani Shear Zone Bibiani Shear Zone hosts +25M ounces over a 200km strike length Enchi covers 50km of the Bibiani Shear Zone

22

Edgewater Summary ($12 EV/oz mkt avg $53/oz)

Spain

Contact

Ryan King, Vice-President 604 628 1012 rking@edgewaterx.com www.edgewaterx.com

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

24

+35,000m Drill Program EIA – Mine Permit Project Financing

Final Feasibility Study

Mining Permit

Corcoesto Estimated Development Timeline

Resource

Estimate Project Finance Feasibility Study

Water License

Corcoesto

2 0 1 2 2 0 1 3 2 0 1 4

Power plant and Tailing construction Mine Plant construction

Production Construction Decision