We find the Gems in Ukraine’s Mineral Endowment UKRAINE MINING BUSINESS OPPORTUNITY AVELLANA GOLD COMPANY Au Ag Pb Zn (A Cyprus-registered mineral exploration and development company)
CONTENT 1. CAUTIONARY STATEMENT................................................................................................................................. 4 2. INVESTMENT OPPORTUNITY............................................................................................................................. 5 3. WHY UKRAINE NOW?......................................................................................................................................... 6 4. STRATEGY & STRENGTHS................................................................................................................................. 7 5. MANAGEMENT TEAM.......................................................................................................................................... 8 6. LOCATION OF PROPERTIES……………………………………………………………………………………………. 9 7. BEREGOVO DISTRICT…………………………………………………….…………………………………...…….….. 10 8. ACTIVE MINERAL LEASES…………………………………………………………………………………………..….. 11 9. SCHEMATIC GEOLOGICAL MAP……………………………………………………..……………………...…....…… 12 10. MUZHIEVO PROPERTY OVERVIEW……………………………………………………………………………..……. 13 11. MUZHIEVO HISTORICAL RESOURCES ……………………………………..………………………………….……. 14 12. MUZHIEVO-BEREGOVO DEPOSITS SOLIDS ………………………………………………………………....…….. 15 13. TYPICAL FRESH AND OXIDIZED ORE TEXTURES FROM MUZHIEVO DEPOSIT…………………………..…. 16 14. DISTRIBUTION OF ORES BY TYPES (Muzhievo deposit) ……………………………………………………….…. 17 15. DISTRIBUTION OF ORES BY Au EQUIVALENT (Muzhievo deposit) ……………………………….…………..…. 18 16. DISTRIBUTION OF ORES BY Au EQUIVALENT (Ore body VI ) ………………………………………………….... 19 17. MUZHIEVO ORIGIN OF TAILINGS RESOURCES…………………………………………………………...……..… 20 18. MUZHIEVO HISTORIC TAILINGS RESOURCES……………………………………………………………………... 21 19. MUZHIEVO FINANCIALS………………..……………………………………………………………………………….. 22 20. RJC 2013 ESTIMATES OF MUSHIEVO MINE PROJECT ECONOMIC PERFORMANCE PARAMETERS........ 23 21. BEREGOVO PROPERTY OVERVIEW…………..……………………………………………………………………... 24 22. BEREGOVO GEOLOGICAL PLAN …………………………………………………………….……………………..… 25 23. RJC 2013 ESTIMATES OF BEREGOVO MINE PROJECT ECONOMIC PERFORMANCE PARAMETER......... 26 24. KVASOVO PROPERTY OVERVIEW……...………………………………………………………………...………….. 27 25. ORE TESTINGS………………………………………………………………………………………………………....... 28 ORE PROCESSING…………..…………………………………………………………………………………………... 32 26. 27. PROPOSED WORK PROGRAM …………………………...……………………………………………………….….. 34 28. CAUTIONARY STATEMENT REGARDING REPORTING MINERALS RESOURCES AND RESERVES ............ 35 2
CONTENT LEGAL ASPECTS OF MINING IN UKRAINE 1. REGULATORY BODIES ..................................................................................................................................... 37 2. LEGISLATION...................................................................................................................................................... 38 3. OTHER LAWS INFLUENCING ON THE MINING ACTIVITIES............................................................................ 39 4. OBTAINING A LICENSE...................................................................................................................................... 40 5. TYPES AND VALIDITY OF THE LICENSES........................................................................................................ 41 6. REGIMES OF LICENSE ISSUANCE................................................................................................................... 42 7. DOCUMENTS FOR THE AUCTION..................................................................................................................... 43 8. MINING ALLOTMENT.......................................................................................................................................... 44 9. LAND PLOT ALLOCATION.................................................................................................................................. 45 10. GENERAL REQUIREMENTS FOR LAND PLOT USE......................................................................................... 46 11. CLOSURE OF MINE……………………………………………………………..……………………………………..…. 47 12. TERMINATION OF THE LICENSES.................................................................................................................... 48 13. TAXATION............................................................................................................................................................ 49 14. LIST OF SOURCES............................................................................................................................................. 50 CONTACTS 3
CAUTIONARY ST A TEMENT This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that Avellana Gold believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the estimation of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Avellana Gold ’s ability to control or predict, that may cause the actual results of the project to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources*, the possibility that future exploration results will not be consistent with Avellana Gold’s expectations, changes in world gold markets and other risks disclosed to the Canadian provincial securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Avellana Gold disclaims any intent or obligation to update any forward-looking statement. * Total Resources includes all categories of resources unless indicated otherwise. All currency numbers are in US$ unless otherwise stated. 4 4
INVESTMENT OPPORTUNITY Newly formed, Cyprus-based, Avellana Gold was created to identify, acquire, develop and bring to market the best mineral opportunities in Ukraine. The Company has recently acquired three adjacent properties in the historic Beregovo Mining District in the Carpathian Region of western Ukraine. The Beregovo Properties are underlain by Neocene volcanic complexes with epithermal gold and base mineralization. One property (Muzhievo) has seen previous mining (1999-2006) and all three properties contain Soviet era mineral resources and reserves (see NI- 43-101 non-compliance note at the end). Avellana Gold is seeking early-stage funding to establish maiden JORC/NI43-101 compliant mineral resource to support further development decisions. 5 5
WHY UKRAINE NOW? In spite of on-going conflict with Russia, Ukraine has the potential of becoming the next Poland in Eastern Europe. Ukraine was mostly ignored during the original rush by western mining company’s into the Balkan Countries (i.e. Bulgaria, Serbia, Romania). The government of Ukraine has implemented a number of reforms that had previously been stalled and has received steady tranches of funding from Eurozone government as per agreement signed during the Riga Summit in May 2015. This demonstrates the commitment by Ukraine to the reforms that are a fundamental condition of doing business safely and securely in the country. Very favorable fiscal regime: 18% rate, no restrictions on repatriation of capital or profits, transfer of funds can be done as loans and paid back from pre-tax cash flows. 6 6
Recommend
More recommend
