Corporate Presentation Mines & Money 2016 AIM: ECR 1
Disclaimer This presentation is being supplied to you by ECR Minerals plc (the “Company”) solely for your information and may not be reproduced or redistributed in whole or in part. This document has not been approved by a person authorised under the Financial Services and Markets Act 2000 (“FSMA”) for the purposes of section 21 FSMA. This presentation does not constitute, or form part of, a prospectus relating to the Company nor does it constitute or contain any invitation or offer to any person to underwrite, subscribe for, otherwise acquire, or dispose of any shares in the Company or to advise persons to do so in any jurisdiction, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever. Recipients of this presentation who are considering a purchase of shares in the Company are reminded that any such purchase must be made solely on the basis of information that the Company has released into the public domain. Whilst all reasonable care has been taken to ensure that the facts stated in this presentation are accurate and that any forecasts, opinions and expectations contained in this presentation are fair and reasonable, the information contained in this document has not been independently verified and accordingly no representation or warranty, express or implied, is made as to the accuracy, fairness or completeness of the information or opinions contained in this presentation. None of the Company, its shareholders or any of their respective advisers, parents or subsidiaries nor any of their respective directors, officers, employees or agents (including those of their parents or subsidiaries) accepts any liability or responsibility for any loss howsoever arising, directly or indirectly, from any use of this presentation or its contents. This presentation does not constitute a recommendation regarding the shares of the Company. Recipients of this presentation should conduct their own investigation, evaluation and analysis of the business, data and property described therein. If you are in any doubt about the information contained in this presentation, you should contact a person authorised by the Financial Conduct Authority who specialises in advising on securities of the kind described in this presentation. Certain statements within this presentation constitute forward looking statements. Such forward looking statements involve risks and other factors which may affect the actual results, achievements or performance expressed or implied by such forward looking statements. Such risks and other factors include, but are not limited to, general economic and business conditions, changes in government regulations, currency fluctuations, the gold price, the Company’s ability to recover its resources/reserves or develop new resources/reserves, competition, changes in development plans and other risks. Some statements may constitute the opinions of the Company’s directors. There can be no assurance that the results and events contemplated by the forward looking statements contained in this presentation will, in fact, occur. These forward looking statements are correct or represent honestly held views only as at the date of delivery of this presentation. The Company will not accept any obligation to release publicly any revisions to these forward looking statements to reflect events, circumstances and unanticipated events occurring after the date of this presentation except as required by law or by regulatory authority. By accepting this presentation, you agree to be bound by the above provisions and limitations and to keep permanently confidential the information contained in this presentation or made available in connection with further enquiries to the extent such information is not made publicly available (other than through a breach by you of this provision). 2
Introduction to ECR • Focused on the Avoca and Bailieston gold projects in Victoria, SE Australia acquired in 2016; both projects have excellent access and local infrastructure , and area located less than two hours’ drive from Melbourne in areas of low population density • Significant exploration potential exists for: • Mesothermal quartz vein hosted gold and placer-style ‘deep lead’ gold at Avoca ; • Epithermal ‘Carlin’ style disseminated or sheeted vein hosted gold at Bailieston • ECR has earned a 25% interest in the Danglay gold project, Philippines ; and holds a 100% interest in the SLM gold project, Argentina • Two additional Exploration Licences have been applied for in Victoria , and ECR is engaged in the review of other potential new projects 3
Avoca and Bailieston Projects - Victoria, Australia • Victoria is one of the world’s major gold provinces . Total recorded gold production, from 1851 to June 1998 is around 80.4 Moz . Victorian alluvial gold production from 1851 to present is approximately 22.8 Moz , making it possibly the largest alluvial gold province in the world • A Competent Person’s Report (CPR) BAILIESTON regarding the Avoca and Bailieston projects PROJECT published in April 2016 is available at www.ecrminerals.com AVOCA PROJECT • The Exploration Targets in this presentation have been extracted from the CPR • ECR confirms it is not aware of any new information or data that materially affects the information included in the original announcement of the Exploration Targets and confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcement 4
Gold Price Remains High in Australian Dollar Terms • In addition: • Fuel, labour, consultants and other key mining inputs have fallen substantially in price in Australia in recent years • ECR’s wholly owned Australian subsidiary Mercator Gold Australia expects to have tax losses of AUD 66M available to reduce its taxable profits 5
Biographies - Executive Directors Craig Brown, Director & CEO - appointed May 2016 • Founding shareholder of Kryso Resources plc, now known as China Nonferrous Gold Ltd. Acted as Finance Director and Company Secretary of Kryso before becoming Managing Director in 2010 and stepping down from the board in September 2013 • During this period, Kryso/CNG delineated a 5 million ounce JORC Mineral Resource at the Pakrut gold project in Tajikistan, completed a bankable feasibility study for the project, obtained debt and equity finance for mine development, and commenced construction of the mine and infrastructure • Prior to his roles with Kryso/CNG, Craig held positions with Gulf International Minerals Ltd and Nelson Gold Ltd, both of which also successfully put gold mines into production during his tenure Ivor Jones, Executive Director - appointed November 2016 • Geologist with 30 years in the industry. Currently an independent consultant based in Australia. He has experience of working in Australia, Africa, North and South America, Europe and the Philippines • Ivor holds a BSc (Hons) in Geology from Macquarie University and an MSc in Resource Evaluation from the University of Queensland. He is a Fellow and Chartered Professional (Geology) of the Australian Institute of Mining & Metallurgy (AusIMM) and a Member of the Joint Ore Reserves Committee (JORC) • Extensive expertise in all aspects of geology, including project evaluation, resource estimation and the preparation of JORC and NI43-101 reports, across both precious and base metals 6
Biographies - Non-Executive Directors William (Bill) Howell, Non-Executive Chairman - appointed June 2015 • Geologist with 49 years of experience. Fellow of AusIMM and Society of Economic Geologists. Listed as Senior Associate Geologist with ACA Howe International Ltd • Formerly Exploration Director of AIM-listed Triple Plate Junction plc, having co-founded that company. Formerly Chairman of TSXV-listed Asian Mineral Resources Ltd during 2012 reorganisation; company now in production at Ban Phuc nickel sulphide mine in Vietnam. Previously held senior roles with BHP, Normandy Mining Ltd and Newmont Mining Corporation, including Managing Director and Regional Exploration Manager South East Asia for Normandy and Newmont Christian Dennis, Non-Executive Director - appointed October 2016 • Highly experienced stockbroker and is currently the CEO and a major shareholder of Optiva Securities Ltd, a member of the London Stock Exchange • During his career Christian has worked for a number of major investment firms both in London and New York. He has been involved with advising and arranging funding for a large number of mining companies across a wide range of commodities, working with companies at varying stages of development from seed funding through to IPO, and has assisted in bringing a number of those companies along the value curve from project development through to production 7
Avoca Project Area EL006278 (licence area applied for) EL5387 (existing licence area) 8
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