ARANJIN RESOURCES LTD (TSXV: ARJN) THE HOME OF BIG COPPER INVESTOR PRESENTATION JULY 2020 ARANJINRESOURCES.COM
COMPANY SNAPSHOT Aranjin Resources Limited is transitioning to a multi-project developer in base metals, while retaining optionality in its diamond assets Management team has an unrivalled track record in building mining projects – Hunnu Coal, Steppe Gold Company has acquired the rights to two highly prospective Copper Projects in Mongolia Baruun Tal Copper Project in the World Class South Gobi Copper Province - Porphyry Copper Discovery Bayan Undur Copper Project in Bayankhongor Copper Province Company raised C$1,000,000 by private placement. Proceeds to be used to develop all the Company’s mineral properties – exploration program at Baruun Tal & Bayan Undur projects. BARUUN TAL BAYAN UNDUR ARANJIN PROJECT PROJECT ARANJIN RESOURCES LIMITED 100% 100% RESOURCES LLC (TSX.V: ARJN) INVESTOR PRESENTATION - JULY 2020 2
COMPANY SNAPSHOT 2019 2020 2020 2020 2020 2020 NOVEMBER JUNE JUNE JULY SUMMER SEPTEMBER Two projects acquisition Private Placement Name change to Aranjin Private Placement 2nd Drilling program AGM agreements signed. 1st tranche closed. Resources Ltd. tranche closed. commenced at BU project & trenching commenced at BT project INVESTOR PRESENTATION - JULY 2020 3
INVESTMENT HIGHLIGHTS 1. Proven in-country team 2. Signifjcant exploration position 3. Stability in mining sector Management team has an unrivalled track re- Company has acquired the rights to two high- Mongolia has just elected another majority cord in building mining projects – Hunnu Coal ly prospective Copper projects in Mongolia. government with strong, pro-mining creden- & Steppe Gold Ltd. BT Copper project is located in the world class tials and we expect another term of stable South Gobi Copper province. policies. We expect to see strong government support for the mining sector and supporting infrastructure. INVESTOR PRESENTATION - JULY 2020 4
MANAGEMENT AND BOARD MATTHEW WOOD Chairman 30 years of global industry experience in mining and commodities investments. Founder Hunnu Coal Limited sold for ~A$500M (2011), Chairman of TSX main board listed Steppe Gold (TSX:STGO). Recently awarded the Order of the Polar Star, the highest state honour that can be awarded to a non-citizen of Mongolia. SOLONGO GUNSENDORJ Executive Director She is a Mongolian National with considerable experience in the resources sector across a range of commodities including copper, gold, coal, iron and hydrocarbons. Ms Gunsendorj is an execu- tive at boutique Mongolian investment fjrm Garrison Capital Development (GCD). Ms Gunsendorj currently acts as an advisor and executive assistant to the Chairman of Steppe Gold, a Mongolian precious metals company listed on the TSX. Prior to joining GCD, Ms Gunsendorj was Head of Property Management at Mongolian Properties LLC. JEREMY SOUTH Chief Financial Offjcer & Executive Director He has over 33 years of experience in M&A, capital markets and private equity in Europe, North America and Australia, including senior positions in investment banking at Deutsche Bank, NatWest Markets and Deloitte. For 10 years ended December 2016, Jeremy was Global Leader, Mining M&A Advisory at Deloitte. Based in Beijing for four years, he advised leading Asian trading houses and fjnancial investors on mining M&A, fjnancing and strategy, and he counted some of Asia’s largest companies as clients. He worked extensively in Mongolia over the past 10 years. INVESTOR PRESENTATION - JULY 2020 5
MANAGEMENT AND BOARD LUIS AZEVEDO Director Resource industry professional with over 30 years of international experience. With degrees in both Law and Geology, Mr. Azevedo is the current Managing Partner at FFA Legal Ltd., a legal fjrm located in the City of Rio de Janeiro - founded by him focused solely on assist- ing natural resources companies. Former Executive Director in companies such as Talon Ferrous, Harvest Minerals, Jangada Mines, Avanco Resources Currently on his second mandate as the CEO of ABPM - Brazilian Mining Prospectors Association, Mr. Azevedo has been nominated as the “National Explorer of the Year” in 2017, and was also pointed out by the Global Mining Observer as one of the three most prestigious miners in Brazil in the year of 2019. GIZMAN ABBAS Director He has led natural resources investment and development operations for some of the world’s leading fjnancial institutions, leaning on his combined expertise in fjnance and engineering. Abbas was a founding partner of the commodity investment business at Apollo Management, one of the largest private equity businesses in the world with more than $160 billion under management. Previously, he was Vice President at Goldman Sachs, where he invested successfully in the oil & gas, power, bio-fuels, metals & mining, and agriculture sectors. Abbas began his fjnance career in the investment banking division at Morgan Stanley, having previously been a Senior Project Engineer on oil & gas construction projects for Exxon Mobil Corporation and a Co-Op Power Engineer at Southern Company MAX JAHN Director Currently Managing Director at R&R Venture Partners, an early stage VC fund in New York, where he works with entrepreneurs and founders to grow their businesses and explores investment opportunities in the US and Israel, primarily in media and technology. Before assuming his current position in June 2016 Max held a dual role as a VC investor at the RSL Family Offjce and CFO of the Neue Galerie New York, a museum for Austrian and German Art in NY where Max also oversaw HR and IT. INVESTOR PRESENTATION - JULY 2020 6
BARUUN TAL COPPER PROJECT Located in the World Class South Gobi Copper Province Well positioned near the large mines such as Tavan Tolgoi & Oyu Tolgoi Closeto South Gobiinfrastructure(road, railway, power plant etc.) and the Chi- nese border Baruun Tal covers an area of approxi- mately 150 km² INVESTOR PRESENTATION - JULY 2020 7
EXPLORATION HISTORY Previous exploration program included: 1,142 soil samples 2,455 rock-chip samples 7,625 m of trenching with 3149 trench samples 100 rock-chip channel samples Ground magnetic survey in 115.34 km2 area Quick bird image acquisition Geological mapping. INVESTOR PRESENTATION - JULY 2020 8
ROCK CHIP SAMPLING RESULTS Rock chip sample highlight: Highest copper grade 14.5 % Copper Highest gold grade @16.9 g/t Gold 90 samples returned with greater than 1% Copper PORPHYRY COPPER DISCOVERY INVESTOR PRESENTATION - JULY 2020 9
BARUUN TAL - TSAGAAN KHAD DISCOVERY Highest rock chip sample EARLY PORPHYRY COPPER EARLY PORPHYRY COPPER result - 2.72 % Copper DISCOVERY DISCOVERY Highest trench intercept 22m @ 0.81% Copper INVESTOR PRESENTATION - JULY 2020 10
EXPLORATION WORK PROGRAM ON BARUUN TAL COPPER PROJECT MAPPING AND GROUND MAGNETICS IP SURVEY TARGET REFINING DRILLING GEOCHEMISTRY INVESTOR PRESENTATION - JULY 2020 11
BAYAN UNDUR COPPER PROJECT Located in Bayan Undur Soum of Bayank- hongor Province, approximately 980 km south-west of Ulaanbaatar city. The project consists of four mining licens- es with a total land package of 2,773.86 hectares. Mining licenses issued for 30 year term. INVESTOR PRESENTATION - JULY 2020 12
EXPLORATION HISTORY Previous exploration programs included: Detailed geological mapping at scale of 1:5000 Geochemical sampling (3,968 samples) 1,973.52m3 of trenching with 137 channel samples 57,446.8m (546 drill holes) of diamond and RC drilling with 14,215 core samples Laboratory analyses of 22,705 samples Topographic survey at scale of 1:1000 Ground magnetic survey covering the whole project area IP survey of 125.2m in total Gravity survey INVESTOR PRESENTATION - JULY 2020 13
BAYAN UNDUR EXPLORATION WORK PROGRAM ASSESSMENT OF PAST TARGET DRILLING EXPLORATION GENERATION INVESTOR PRESENTATION - JULY 2020 14
MONGOLIAN COPPER INDUSTRY IN NUMBERS Mongolia is the third largest producer of copper in the world. Ranked at 12th in the world for copper reserves, the country’s mining and production of copper is increasing. Mongolia had registered copper reserves of 53.4 million tons. As of the end of 2019, there are 16 copper deposits in the territory Mongolia with valid mining licenses. Major deposits are Erdenet, Oyu Tolgoi and Tsagaan Suvarga deposits. The south Gobi Desert alone has an estimated of 35 million tonnes of copper. Copper production reached 1,310 thousand tons and 1,436 thousand tons were exported. Source: World Bank GDP per capita ($ 2010 prices) 4,000 Oyu Tolgoi construction starts 3,000 First democratic elections First high-grade copper discovery at Oyu Tolgoi 2,000 Oyu Tolgoi underground delay 1,000 Loss of Soviet support and export markets Global Financial Crisis 0 1981 1986 1991 2001 2006 2011 2016 INVESTOR PRESENTATION - JULY 2020 15
CONCLUSION Company’s fmagship asset, Baruun Tal Copper Project: Signifjcant location in the World Class South Gobi Copper Province Positioned near the large mines such as Tavan Tolgoi & Oyu Tolgoi Close to South Gobi infrastructure (road, railway, power plant etc.) and the Chinese border Exploration and drilling program commenced in 2020. Targeting the next big copper discover in Mongolia INVESTOR PRESENTATION - JULY 2020 16
CONTACT SOLONGO GUNSENDORJ Executive Director solongo@gcd.mn (+976) 9999 0754 Shangri-La offjce, Suite 1201, Olympic street 19A, Sukhbaatar District 1, Ulaanbaatar 14241, Mongolia INVESTOR PRESENTATION - JULY 2020 17
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