Embed Size (px)
Citation preview
CORPORATE PRESENTATIONNovember 2019
Philippe Cloutier, President & CEO
ECR: TSX-V
CAUTIONARY STATEMENT
FORWARD-LOOKING STATEMENTS
This document may contain forward-looking statements that reflect management’s current expectations withregards to future events. Such forward-looking statements are subject to certain factors and involve a number ofrisks and uncertainties. Actual results may differ from expected results. Factors that could cause our results, ouroperations or future events to change materially compared to expectations expressed or implied by the forward-looking statements include, but are not limited to, volatility in the price of gold, risks inherent to the miningindustry, uncertainty regarding mineral resource estimations, and additional funding requirements or theCompany’s ability to obtain such funding.
QUALITY ASSURANCE / QUALITY CONTROL
The scientific and/or technical information presented in this presentation has been reviewed and approved byMr. Gaétan Lavallière, P. Geo, Ph. D, and Vice-President for Cartier Resources.Mr. Lavallière is a qualified person as defined by National Instrument 43-101.
2
OUR STRATEGY
Focus in the Abitibi Greenstone Belt on “brownfield” projects
Current Drilling on Chimo Mine*
Drilling Longer-dated growth opportunities: Benoist, Wilson and Fenton
PRIORITIZE QUALITY PROJECTS IN THE RIGHT JURISDICTION
Focus drilling on known Gold Zones
Phase I Drilling (34,000 m) completed: 24 Gold Zones explored, 7 prioritized
Phase II Drilling (13,000 m) completed : 7 Gold Zones explored, 3 prioritized
Phase III Drilling (15,000 m) in progress: Increase dimensions of 3 of the highest potential zones
*ADD VALUE THROUGH EXPLORATION
REPEAT PROCESS (BENOIST, WILSON, FENTON)
Monitor closely evolving situation and choose best solution
REWARD SHAREHOLDERS
3
QUEBEC
Val D’or Montreal
New York
BostonToronto
ABITIBI: WHERE DISCOVERY IS A TRADITION
Éléonore,Detour, Casa Berardi, Bracemac, Langlois, Bachelor, WindFall, Westwood, Laronde , Lapa, Canadian Malartic, Goldex, Lamaque
ABITIBI GREENSTONE BELT
Gold: 200M oz
Silver: 654M oz
Copper: 16B lbs
Zinc: 34B lbs
4
CORPORATE HISTORY: ACQUISITIONS
Successfully acquired portfolio of current projects during recent market downturn
Pursued acquisitions when peers were in cash preservation mode
Acquisition costs of ~$1 per ounce of Au based on historical resource estimates*
Value added costs (Drilling and
Resource Estimate) ~ 10 $ per Gold ounce NI 43-101 (Mine Chimo)
BENOIST
Acquired: May 2013
Purchase Price: $250k
CHIMO MINE
Acquired: June 2013
Purchase Price: $261k
WILSON
Acquired: May 2016
Purchase Price: $42k
FENTON
Acquired 50%: Mar. 2018Purchase Price: Exploration work expenditure of $1.5M
5* Source: Historical Reports:Disclaimer: The qualified person did not complete the work required to classify the resources that are the object of the estimations. Cartier Resources does not consider these resources as being an updated mineral resource
WORK IN PROGRESS
CHIMO MINE
6
CHIMO MINE: BROWNFIELD PROJECT
Near existing mines and mills which require feed
Cartier’s robust targeting guides exploration at depth
MOUSKA
CANADIANMALARCTIC
VAL D’OR
LAC HERBIN
BEAUFORMONIQUE
CHIMOMINEGOLDEXLAPALARONDEWESTWOOD
MINING AT DEPTH IN THE REGION IS ESTABLISHED & ECONOMICALLY FEASIBLE7
-1000m
Surface
-2000m
-3000m
COMPARAISON MINE LAPA & PROJET MINE CHIMO
MINING AT DEPTH IS ESTABLISHED & ECONOMICALLY FEASIBLE8
SURFACE
500 m
Mine Lapa
1000 m
1500 m
CHIMO MINE: PROJECT HIGHLIGHTS
100% ownership of project
Indicated Resources of 461 280 oz (3 263 300 t at 4,40 g/t Au
Inferred Resource of 417 250 oz (3 681 600 t at 3,53 g/t Au)
14 zones partially mined by three separate
producers between 1964 and 1997 - Past production
of 379,012 Oz Gold (MERN)
Mine infrastructure consists of a three-compartment
shaft down to 920 meters and a network of drifts on
19 levels: 80 to 870 meters deep
Drilling since July 2017: 109 diamond drill holes for a
total of 49,251 m, Phase III drilling (11,000m) to:
Expand dimensions of 3 prioritized Zones
• Recent DDH Results on Zone 5M4 Include:
• 5.6 g/t Au over 8.5 m including 9.9 g/t Au over 3.0 m and 8.3 g/t Au over 2.5 m within in a mineralized envelope over 27.8 m grading 2.5 g/t Au
Add Value Through Exploration
9
10
PHASE II Drilling
13,000 m
7 Gold Zones explored
Discovery ofZone 5NE
11
RECENT PHASE III DDH RESULTS
RESOURCE ESTIMATE - NOVEMBER 5 2019
RESOURCE ESTIMATE - NOVEMBER 5 2019
CHIMO MINE: 3 GOLD CORRIDORS
14
FUTURE OPTIONALITY
15
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
GROWTH PLAN
Phase III
Drill Ready
Drill Ready
Drill Ready
Phase III
Current Activity
Future Optionality
MINECHIMO
BENOIST
FENTON
WILSON
2020
PROJECTS BENOIST, FENTON & WILSON
Summary Highlights of the 3 projects:
➢ Properties owned 100% by Cartier except for Fenton (50% JV Cartier)
➢ Gold deposits with historical Resource Estimates1 (non NI 43-101)
➢ Well defined geometry of deposits and situated in right geological setting
➢ Rapid growth potential for resource1 via expansion of known Gold Zones
➢ Proximal to mills and qualified workforce
CARTIER RESOURCES: INVESTMENT OPPORTUNITY
18
CAPITAL STRUCTURE
17.0%
7.3%
11.5%
11.4%9.0%
3.0%
38.4%
Agnico Eagle JP Morgan UK
QC-Institutions Institutional holders
US-based investors Management
Retail & Other
COMMON SHARES ISSUED AND OUTSTANDING
190,474,462
STOCK OPTIONS 15,231,800
WARRANTS 1,081,800
FULLY-DILUTED, SEPTEMBER 2018 206,788,062
SHARE DISTRIBUTIONSHARE STRUCTURE
STRONG WORKING CAPITAL POSITION OF $8.1 MILLION19
FOR ADDITIONAL
INFORMATION CONTACT: PHILIPPE CLOUTIER
TOLL FREE: 1 877 874-1331DIRECT: 819 874-1331
THANK YOU
20
