Exploring the true potential of the Karelian Gold Line Endomines AB (publ) AGM 20th April 2017
Disclaimer Exploring the true potential of the Karelian Gold Line Statements in this presentation which are not purely historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance are �������� -looking ����������� . Investors are advised that by their nature as visual aids, presentations provide information in a summary form and are prepared as a ����������� aid and support - not a standalone document. Please note that such forward-looking statements involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in Finland, and lack of appropriate funding, all of which could among other things, prevent any of the forward looking statements in this presentation from coming to fruition or lead to a delay in the development of mining operations. 2
Exploring the true potential of the Karelian Gold Line Endomines AB in a nutshell Quoted on NASDAQ OMX Stockholm and OMX Helsinki Focus on gold production and exploration along the Karelian Gold Line - 40 km of gold prospective greenstone belt Production target 2017: 300-350 kg gold/year Long term development plans implemented Finland Strong Social License to operate Gold Industrial mineral Ilmenite Pampalo Karelian Gold Line Helsinki Gold 3
Pampalo � in the Centre of the Karelian Gold Line Discovered in 1990 and explored by Finnish Geological Survey Developed by Outokumpu 1995-1999 as an open pit and decline operation down to 280m underground Historical production 115,000 tons of ore 15.3 g/ton � strong indication of high grade deposits in the area Efficient production plant: The initial design capacity of 230,000 tpa in 2011 was successfully upgraded in 2013 to > max 450,000 tpa High utilization rate 93% Personnel Significant local employer � 70 % locals 45 own staff and 30 contractors Strong social license and local support for operations Company applies Zero Harm-policy in all operations Good safety performance No environmental issues 4 Exploring the true potential of the Karelian Gold Line
Pampalo Gold Mine Mucking Ventilation raise drifting 14 Apr 2010 5 25-Apr-17
Pampalo mining principle Longitudinal projection Drifting Raise Cable bolt Ore holes for ground support Long hole drilling Backfilling Blasting rings RC loading Charging Unconsolidated backfill Diamond drill holes with CRF assays Horisontal pillar 20 m Cross section
Pampalo processing 4 th Sept 2012 Trucking Mine Drainage Flotation Water Crusher Feeder Fines Classification Coarse fraction Screen Tailings Storage Facility Gravimetric Crushed ore stockpile Grinding mills circuit Flotation concentrate ~4-6 000 t/a; 100-200 g/t Au � No cyanide or excess strong acids used Gravimetric concentrate 20-50 % Au � No harmful materials in tailings � No Acid Mine Drainage (AMD) expected � ~100 % water recirculation 7
mg/l 10 12 0 2 4 6 8 10 15 20 25 17.10.2012 0 5 17.10.2012 17.12.2012 Environmental 17.12.2012 17.2.2013 17.4.2013 17.2.2013 17.6.2013 17.4.2013 Solids in the discharge water 17.8.2013 17.6.2013 17.10.2013 17.8.2013 17.12.2013 17.10.2013 17.2.2014 17.12.2013 Discharge water pH 17.4.2014 17.2.2014 17.6.2014 17.4.2014 17.8.2014 17.6.2014 - - Zero Harm policy: 17.10.2014 17.8.2014 17.12.2014 17.10.2014 17.2.2015 17.12.2014 17.4.2015 Leväkasvun aiheuttama poikkeama environmental incidents No adverse No accidents 17.2.2015 17.6.2015 17.4.2015 17.8.2015 17.6.2015 17.10.2015 17.8.2015 17.12.2015 17.10.2015 17.2.2016 17.12.2015 17.4.2016 17.2.2016 17.6.2016 17.4.2016 17.8.2016 17.6.2016 17.8.2016 Upper limit Lower limit pH Limit S olids μ g/l μ g/l 100 150 200 250 1000 1200 50 200 400 600 800 0 0 17.10.2012 17.10.2012 17.12.2012 17.12.2012 17.2.2013 17.2.2013 17.4.2013 17.4.2013 Nickel in the discharge water 17.6.2013 Arsen in the discharge water 17.6.2013 17.8.2013 17.8.2013 17.10.2013 17.10.2013 17.12.2013 17.12.2013 17.2.2014 17.2.2014 17.4.2014 17.4.2014 17.6.2014 17.6.2014 17.8.2014 17.8.2014 17.10.2014 17.10.2014 17.12.2014 17.12.2014 17.2.2015 17.2.2015 17.4.2015 17.4.2015 17.6.2015 17.6.2015 17.8.2015 17.8.2015 17.10.2015 17.10.2015 17.12.2015 17.12.2015 17.2.2016 17.2.2016 17.4.2016 17.4.2016 17.6.2016 17.6.2016 17.8.2016 17.8.2016 8 Potable water Limit As content Potable water Limit Ni-content Karelian Gold Line Exploring the true potential of the
LTIFR � 1/2017 Pampalo safety statistics - LTIFR 60 Zero Harm policy: Zero is impossible - No accidents 50 - No adverse environmental incidents Zero is a dream 40 30 Industry avg. Zero Goal: Endomines by chance Zero by choice 20 Contractors Total 10 0 LTFIR= accident number /1 000 000 working hours 9
PRODUCTION � selective mining Full Production Selective mining Key production figures Q1 Q2 Q3 Q4 2015 Q1 Q2 Q3 Q4 2016 Q1/2017 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1-Q4 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1-Q4 Milled ore (tonnes) 76 089 85 738 90 143 83 926 335 986 35 317 37 303 36 104 42 193 150 917 38 810 Head grade (Au gram/tonne) 2,1 2,4 2,7 3,1 2,6 2,7 2,1 1,8 2 1,7 1,9 Gold recovery (%) 83,8 84,1 82,7 81,4 83 80,2 82,8 85,3 83,0 82,9 83,4 Hourly utilization (%) 82,8 91,5 93,3 80,2 87 35,3 37,7 34,0 43,5 37,6 41,3 Gold production (kg) 131,3 126,6 153,3 118,5 529,5 58,5 73,7 83,0 109,8 325,0 97,9 3,5 180 Selective mining Full production 153,3 160 3,1 3,0 131,3 140 2,7 2,7 126,6 118,5 2,5 2,4 109,8 120 97,9 2,1 2,1 2,0 2,0 100 83,0 1,8 Au g/t Au kg 1,7 73,7 80 1,5 58,5 60 1,0 40 0,5 20 0,0 0 Gold production (kg) Head grade (Au gram/tonne) 10 25-Apr-17
Cash Cost � Benchmark to Kittilä Gold mine Benchmark OPEX Eur/milled tonn 100 86 90 83 81 81 80 80 79 77 77 75 75 75 75 80 73 73 72 72 74 73 71 70 71 69 71 67 69 66 66 70 66 OPEX / Eur milled tonn 59 59 58 57 57 56 56 60 53 51 51 50 50 50 50 50 50 46 50 45 41 40 39 40 30 20 10 0 PAMPALO OPE X/ (EUR/tonne milled ore) KITTILÄ GOLD MINE (truck hoisting, Nordic region) OPEX/ (EUR/ tonne milled ore) Linear (PAM PALO OPEX/ (E UR/ tonne milled ore)) Linear (KITTILÄ GOLD MINE (truck hoisting, Nordic region) OPE X/ (EUR/tonne milled ore)) Pampalo operating cost � /tonne is lower when benchmarked against similar (much larger 10x) underground operation in the Nordic Region Pampalo Cash Cost is higher � why: Cash Cost = OPEX / sold ounces Head grade is the key factor � high grade-more ounces 11 25-Apr-17
Pampalo Ore Reserves and Mineral Resources development ( longitudinal projection ) Year 2017 Year 2010 +500 +600 +700
UG Core Drilling (Inflill & Exploration) Areas to be drilled in 2017 North / D-lens Exploration drilling 1000m South Exploration drilling 500m S-lens Definition/Infill drilling 2000m Area 755-855 2017-2018 /Q2 Production Exploration drilling area 655-755 5100m Infill drilling 5700m 13 25-Apr-17
Surface Exploration Section 5450, looking North AT/Mafic volc F2 fold hinge target Model Earth S1A: 43.1m @ 0.22 g/t Au East Structure Exploration drilling 1000m (3-4 drill S1 S0 layering holes) Model Earth/Ian Neilson interpretation 14 25-Apr-17
Pampalo � Near Mine Exploration Potential Korpivaara Tonalite Pampalo NW Indicated resource 29 kt @ 2.5 g/t Au Pampalonlammit 2016 discovery Inferred resource 103 kt @ 1.8 g/t Au Interpreted target � Model Earth Pty Ltd/Australia Pampalo Underground Mine F2 fold hinges Pampalo East / Open Pit Ore reserve: 32 kt @ 1.3 g/t au Indicated resource 199 kt @ 1.8 g/t Au Inferred resource 62 kt @ 1.4 g/t Au 15 25-Apr-17
Finansiella nyckeltal Sammandrag av årets resultat January-december MSEK 2016 2015 +/- 88,9 122,5 -33,6 EU (flotationskoncentrat) 12,2 28,5 -16,4 Norge (gravimetrisk guldkoncentrat) 101,1 151,0 -50,0 Intäkter från guldkoncentrat 0,0 -38,1 38,1 Effekt av realiserat resultat på guldprissäkring 101,1 113,0 -11,9 Summa nettoomsättning 1,0 0,5 0,5 Övriga intäkter 102,1 113,5 -11,4 Summa intäkter Resultat före avskrivningar mm -9,2 -62,8 53,6 Avskrivningar och nedskrivningar -95,4 -88,9 -6,6 Resultat från säkringsinstrument 1,5 -5,0 6,4 Rörelseresultat -103,1 -156,6 53,5 Resultat efter skatt -125,0 -165,0 39,9 16 25-Apr-17
Recommend
More recommend
