TSXV:FURA Investor Presentation January 2019 http://www.furagems.com/ 1 http://www.furagems.com/ TSXV:FURA
Legal Disclaimer This presentation contains, or incorporates by reference, “forward -looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, statements with respect to the future performance of Fura Gems Inc. (“ Fura ” or the “Company”), Fura’s mineral properties, the future price of emeralds, rubies and other gemstones, the estimation of mineral resources and mineral reserves, results of exploration activities and studies, the realization of mineral resource estimates, exploration activities, costs and timing of the development of new deposits, the acquisition of additional mineral resources, the results of future exploration and drilling, costs and timing of future exploration of the mineral projects, requirements for additional capital, management’s skill and knowledge with respect to the exploration and development of mining properties, government regulation of mining operations and exploration operations, timing and receipt of approvals and licences under mineral legislation, the Company’s local partners, and environmental risks and title disputes. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Fura to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks associated with the Company’s dependence on the mineral projects; general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; risks associated with dependence on key members of management; conclusions of economic evaluations and studies; currency fluctuations; future prices of emeralds, rubies and other gemstones; uncertainty in the estimation of mineral resources, exploration and development risks; infrastructure risks; inflation risks; defects and adverse claims in the title to the projects; accidents, political instability, insurrection or war; labour and employment risks; changes in government regulations and policies, including laws governing development, production, taxes, royalty payments, labour standards and occupational health, safety, toxic substances, resource exploitation and other matters; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; insufficient insurance coverage; the risk that dividends may never be declared; and liquidity and financing risks related to the global economic crisis. Such forward-looking statements are based on a number of material factors and assumptions, including: that contracted parties provide goods and/or services on the agreed timeframes; that on-going contractual negotiations will be successful and progress and/or be completed in a timely manner; that no unusual geological or technical problems occur; that plant and equipment work as anticipated and that there is no material adverse change in the price of emeralds and rubies. Although Fura has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements contained herein are made as of the date of this presentation. There can be no assurance that forward- looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements due to the inherent uncertainty therein. Ricardo A. Valls, M.Sc., P.Geo., of Valls Geoconsultant, Toronto, Ontario, a Qualified Person as defined by National Instrument 43-101, has reviewed the scientific and technical information disclosed in this presentation. 2 http://www.furagems.com/ TSXV:FURA
Presentation Outline ▪ Company Overview ▪ Fura’s Experienced Management Team ▪ Fura’s Products – Colombian Emeralds and Mozambique Rubies ▪ Gemstone Market Overview ▪ Fura’s Assets in Colombia and Mozambique ▪ Key Upcoming Milestones ▪ Capital Structure and Share Metrics 3 http://www.furagems.com/ TSXV:FURA
Company Overview – Creating Value by Ethical Route to the Market Quick Facts Management Experience ▪ Listing – TSX Venture Stock Exchange (FURA.V) ▪ Developed world’s largest Emerald mine in Zambia ▪ Sector – High-margined Colour Gemstones (valuation: US$550mn) ▪ Business – Mining of rough gemstones, Marketing ▪ Developed world’s largest Ruby mine in Mozambique across the value chain (valuation: US$1bn) ▪ Capital Raised – C$35mn ▪ Produced over 100mn carats emeralds and rubies ▪ Sold over US$650mn rough emeralds and rubies Flagship Assets Growth Targets and Key Milestones ▪ Emerald – Colombia, Coscuez SA mine ▪ ▪ Market Share – 10% by year 5, 15% by year 10 Ruby – Mozambique (exploration, operating licenses, ▪ Revenue Flow – *Q2 2019 (Colombia), Q3 2019 recent Mustang takeover) ▪ (Mozambique) No greenfield exploration projects; focused on ▪ Colombia – 43-101 code complaint Resource brownfield projects in order to achieve positive cash announced in December 18 flows sooner ▪ ▪ Mozambique Technical Feasibility Study (Q2 2019) Not vertically integrated (Fura does not cut and polish gemstones; focused on mining and marketing) *: Targets subject to operational performance and financing requirements 4 http://www.furagems.com/ TSXV:FURA
Management Team with over 75 years of Combined Experience in Color Gemstones Mining and Marketing Dev Shetty – President and CEO Ashim Roy – Vice President, Operations - Former COO and Board Member of Gemfields. - Former General Manager for Gemfields’ Montepuez ruby mine in - Played a significant role in the turnaround of the loss-making Mozambique company and in developing Gemfields' mine and market strategy - Head of Geology and Exploration at the Kagem emerald mine in Zambia - Responsible for initiating Gemfields entry into Ethiopia and Colombia - Developed the greenfield ruby project, Montepuez ruby mine, believed to be one of the largest ruby deposits in the world. Dibya Baral – Director, Technical Services Rupak Sen – Vice President, Marketing and Sales - Former General Manager, Gemfields’ Kagem emerald mine in Zambia, - Former Acting Global Marketing & Polished Sales Director of the world’s largest supplier of emeralds. Gemfields and Marketing & Polished Sales Director for Asia - Solid previous experience in multi-commodity exploration, - Responsible for building brand via advertising, PR, research, development and mining with mining majors like Vedanta and Tata sponsorships, education & training Steel - Former work experience with De Beers and The Swatch group Ryan Ptolemy – Chief Financial Officer Rahul Gopal – Director, Security and Risk Control - Experienced CFO for public and private mining sector companies listed on - Former Head of Security for Gemfields Montepuez Ruby Mine in the TSX and TSX venture exchange within the Forbes and Manhattan Mozambique. group. - 15 years of experience in security field includes security for petrochemical plant in Nigeria. - Former Indian Army Major Damian Lopez – Legal Counsel Tarun Malkani – Director, India - Corporate securities lawyer and legal consultant to various Toronto - Chief Operating Officer for Rio Tinto's Bunder diamond project, India Stock Exchange and TSX Venture Exchange listed companies within - Formerly held senior management positions with Rio Tinto, Alcan, the Forbes and Manhattan group. Eastman Chemicals, Monsanto, Bayer and Exim Bank. 5 http://www.furagems.com/ TSXV:FURA
Colombian Emerald - A Legend! 1. Symbol of legacy and heritage – 4 1 preferred by Royals, Celebrities…! 2. Resource-rich mining landscape 3. Mines with huge potential – in need of modernization 4. Accounts for 50% of world emerald supply by value 5. Buzzing marketplace – Bogota and New York 6. Global demand – USA 40%, followed by China and Europe 3 5 2 6 http://www.furagems.com/ TSXV:FURA
Mozambique Ruby – 21 st Century Discovery! 1 1. Discovered in 2009 3 2. Open-pit mines in Cabo Delgado Province 3. Accounts for of 80% of world ruby supply by volume! 4. Thailand – the Ruby Capital of the World 5. Global demand – China 50%, followed by USA and India 2 4 7 http://www.furagems.com/ TSXV:FURA
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