April 2017
LOCATION Portfolio of Assets in well-known and prolific Canadian mining districtsVal d’Or, Québec 70+ million ounces of gold producedRed Lake and Matachewan, Ontario 30+ million ounces of gold producedFlin-Flon and Snow Lake, Manitoba 180 million tonnes of copper produced
FOCUS Alexandria has completed more than 150,000 metres of drilling on its Val d’Or properties
SUCCESSFUL EXPLORATION GROUP • Discovery of Québec’s next gold mine• Increased resources 4-fold in difficult markets• Lowest Costs of discovery - All-up costs $18 per ounce of gold discovered;
West Zone cost just 69 cents/ounce discovered
SOLID MANAGEMENT Strong relationships with partners, strong shareholder base, committed to success
Discovering Resources Capitalizing on Company Strengths
www.azx.ca | 2
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
2009 2010 2011 2012 2013 2014 2015 2016
Gol
d +
Gol
d Eq
uiva
lent
(Oun
ces)
Year
GROWTH IN GOLD RESOURCES WITH TIME
Measure and Indicated Inferred
Resource Growth through Drilling
West ZoneSale to AEM
Resource GrowthThrough
Acquisition
Increase in Asset Value through Discovery and Acquisition An Active Company through Difficult Times
www.azx.ca | 3
CASH AND CURRENT ASSETS $7 MILLION• $5.1 million financing completed with Sprott Capital Markets in December 2016
ACTIVE EXPLORATION PROGRAM ON VAL D’OR PROPERTY• 12,500 metre drill program underway• Currently drilling with three rigs• Focus on Orenada Zone 4• New Targeting Geophysics, field geology and prospecting have added targets
RECENT DRILL RESULTS• Intersection and verification of multiple, high-grade, stacked vein sets at Orenada• Recent Assays
• 8.40 g/t gold over 17.10 m, including 24.10 g/t gold over 4.00 m and 45.10 g/t gold over 1.00 m, at 140 metres downhole;
• 4.07 g/t gold over 10.20 m, including 7.42 g/t gold over 1.10 m, 6.80 g/t gold over 0.90 m, and 5.09 g/t gold over 1.50 m, at 150 metres downhole;
• 21.32 g/t gold over 3.95 metres at Zone 4, including 42.50 g/t over 1.50 metres
• Growth Potential Stacked, high-grade vein sets at Orenada Zone 4, have been extended along strike
RECENT NON-CORE PROPERTY DEVELOPMENTS 2016• Probe Metals We optioned the eastern 1/3 of our Cadillac Break Property
Group to the discoverers of the multimillion ounce Borden Gold deposit near Timmins, Ontario
An AZX Discovery:
Model of theWest ZoneOpen Pit
Recent Highlights Making Discovery Happen through Exploration and Partnerships
www.azx.ca | 4
www.azx.ca | 5
Alexandria’s Properties Along the Cadillac Break in Québec:Discovery within a World-Class Mining District
0
0 25 mi
40 km
Québec’s Cadillac Break70 million ounces mined since 1920’s
25 million new ounces discovered since 2003
5 Undercapacity Gold Mills
TriangleToo
CurrentActivities
Cadillac Break Properties, Val d’Or 3 Advanced Gold Projects in an Infrastructure-Rich Area, Focus on the Western Property Package
www.azx.ca | 6
RECENT AND CURRENT ACTIVITIES• Three drill rigs currently drilling a 12,500 metre winter program at Orenada Zone 4
expanding on previous results
• Recently completed 5,300 metres out of the 12,500 metre program at Orenada Zone 4: verification of stacked, high-grade veins; three drill rigs following up
Current drilling at Orenada is aimed at expanding on previous drill results, which verified the existence of multiple stacked, high grade gold-quartz veins within the previously identified bulk tonnage resource, with recent results such as• 8.40 g/t Au over 17.10 m, including 24.10 g/t Au over 4.00 m
and 45.10 g/t Au over 1.00 m, at 140 metres downhole;
ORENADA ZONE 4 AND ZONE 2
www.azx.ca | 7
Current Activities Growing the Orenada Zone 4 Deposit Along and Across Strike and at Depth
• 4.07 g/t Au over 10.20 m, including 7.42 g/t Au over 1.10 m, 6.80 g/t Au over 0.90 m, and 5.09 g/t Au over 1.50 m, at 150 metres downhole;
• 21.32 g/t gold over 3.95 metres at Zone 4, including 42.50 g/t over 1.50 metres
This drill program will focus on Zone 4, and will include sampling of portions of historic drill holes portions of which were previously unsampled.
www.azx.ca |
Recent Results Cross Section at Orenada Zone 4 Identifying Low-Angle Veins within the Cadillac Break Shear Zone
8
www.azx.ca |
Recent Results Cross Section at Orenada Zone 4 Identifying Low-Angle Veins within the Cadillac Break Shear Zone
9
LONGITUDINAL SECTION AT ZONE 4
Untested Area
www.azx.ca |
Current Activities Growth Potential of Orenada Zone 4 Planned Holes and Recent Drilling Along Strike
10
Untested Area
www.azx.ca |
Activities at Triangle Too An Early Stage Exploration Program To Follow-up on Recent Drill Results
11
New Targets Identified fromGeology andGeophysics
0 500 m
Next stage drill program will test deeper on newly discovered diorite plugs hosting gold-quartz veins, as well as drill tests of geophysical and geological targets elsewhere on the property.
New Diorite Plugs with Gold-Quartz-Tourmaline Veins
Integra
ALEXANDRIA
Who We Are Management
www.azx.ca | 12
ERIC OWENS President & CEO, PGeo, PhD, Co-Founder Over 30 years exploration in western hemisphere with Newmont, BHP, Phelps Dodge, and Echo Bay; El Zapote Silver Deposit, El Salvador and American Girl Gold Mine, California; Brookbank Gold Deposit, Ontario; Cadillac Break Properties, Val d’Or.
MARY VORVIS Vice President, Corporate Development and Investor RelationsOver 20 years in natural resources and technology industries venture capital; strategic relationships with financial institutions, fund managers, brokerages.
PHILIPPE BERTHELOT Vice President ExplorationOver 30 years experience in exploration, with focus in Québec, responsible for discovery of Langlois Mine and building Desjardin Discovery Deposit, Lac Pelletier Gold deposit, and Grevet.
MARIO A. MIRANDA CFO, CA Over 15 years mining governance, with Kinross, Lakeshore Gold and White Pine Resources as Director Financial Reporting, VP and CFO.
Discovering Mines of the Future
Who We Are Board of Directors
www.azx.ca | 13
ERIC OWENS Director, President & CEO
PETER GUNDY Chairman of the BoardExtensive business and mining experience in finance, governance and operationsFounder of PotashCorp, now a $20 billion companyFounder of Neo Material Technologies, sold for $1.3 billion
ROBERT GEIS Director35 years experience in NY finance industry, including Managing Trader of the Dean Witter InterCapitalmutual fund company which had $28 billion in AUMConsultant to Presidential Gold and Economic Commissions 1981
WALTER HENRY DirectorPresident and CEO, Frontline Gold Corp25+ years experience in finance and mining including CIBC, BNP Paribas and PricewaterhouseCoopers
GARY O’CONNOR DirectorVP Exploration, Dundee Resources LtdMore than 30 years global experience with Gabriel Resources, Freeport-McMoran, BP Minerals and OthersInstrumental in the discovery and growth of numerous large gold and base metal deposits (Rosia Montana, Wabu, Etna Bay, Mamoa)
PRIYA PATIL Director20 years experience as senior executive, investment banker and corporate lawyerToronto Stock Exchange; PI Financial Corp; Loewen, Ondaatje, McCutcheon Limited, GMP, Dundee Securities and Breakwater Resources
Discovering Mines of the Futurewww.azx.ca |
Alexandria Peer Comparables
14
Company Stock Price
Market Cap ($ M) Key Asset Project Location Stage Au Eq Resource
(M oz)*
Alexandria Resources C$0.07 $30.30 Val d’Or Québec Exploration 2.40
Beaufield Resources C$0.24 $43.93 Troilus-Tortigny Québec and Ontario Exploration 0.35
Cartier Resources C$0.19 $24.66 Abitibi Québec Exploration 2.20
Integra Gold C$0.93 $383.20 Val-d’Or Québec Exploration 1.47
Bonterra Resources C$0.40 $36.53 Arena Gold Québec Exploration 1.23
Marathon Gold Corp. C$1.06 $94.00 Valentine Lake Newfoundland Exploration 2.15
Monarques Gold C$0.38 $54.58 Val d’Or/Abitibi Québec Exploration / development 0.24
Probe Metals C$1.46 $135.10 Val-d’Or East Québec and Ontario Exploration / development 0.77
* NI 43-101 compliant
Discovering Mines of the Futurewww.azx.ca |
Market Facts (as at March 1, 2017)
15
SYMBOL TSXV: AZX | Frankfurt: A9D | US: ALXDF
Management/Insiders own 6%; Sprott, 8.5%; Agnico Eagle, 8%; Teck 2%; IAMGOLD, 2%; Gabelli, 2%; Gold 2000, US Global, AIS, Dundee;Other funds and Accredited Investors 30%
Shares outstanding 431,586,190
Options 10,800,000
Warrants 63,258,197
Shares fully diluted 505,644,387
Market Cap $30.3 million
52 week high/low $0.05/$0.012
Recent price $0.070-0.080
Cash and Current Assets $7,000,000
PORPHYRY GOLD-COPPER DEPOSITSLA RONDE-DOYON DISTRICT VERSUS AZX’S CADILLAC BREAK PROPERTIES
La Ronde-Doyon District
W Cadillac Break Properties
www.azx.ca |
The Upside Potential of Favorable Geology: Comparison of our projectarea (bottom map) with a similar sized nearby mining district (top map)
16
POSSIBLE EXAMPLES IN E. CANADA
Avg. 596 million tonnes @ 0.47 g/t Au 0.50% Cu
Average7.4 million ounces of gold 691 billion pounds of copperWorld’s LargestEscondida, 11 trillion tonnes, 89 million oz Au, 6.9 billion lbs Cu
Canadian Malartic (Gold only), Québec14 million ounces of gold
McIntyre Mine, Timmins, Ontario29 million ounces of gold
Young-Davidson, Matachewan, Ontario5 million ounces of gold
Mid-Canada Mine70,500 t @ 7.4 g/t Au
0.21% Cu
AZX Drill HoleOAX-16-056
www.azx.ca |
A Value Proposition
17
COMPANY STRENGTHS
Solid Experienced Management TeamStrong partners, focused exploration
Quadrupled Gold Resources During very difficult markets
LocationHighly prospective land packages in world class mining districts
Lowest Costs of DiscoveryAll-up costs $18/ounce
Aggressive Exploration Program41,500 metres of drilling budgeted this year
Proven Partners with Additional $17 M of Exploration and Development to be spent on the optioned Alexandria Properties
ONGOING ACTIVITIES
12,500 m Wintertime Drilling Program at Orenada Zone 4 and Triangle Too
Site visit by Sprott and Joe Foster Van Eck, New York, New York
Successfully Listed in USA on OTCQB Board as ALXDF
Attending Zurich-Invest,Switzerland
Listing for USA DTC Advisory Planned Roadshows both in Canada and USA
Historic Hole Sampling Program
Grade Contained Metal
Deposit Cutoff Tonnes Au (g/t) Cu (%) Ag (g/t) Zn (%) Gold (oz) Copper (lbs) Silver(oz) Zinc (lbs) Oz Gold Equivalent
MEASUREDOrenada Near Surface 0.5 g/t Au 4,329,383 1.36 – – – 188,844 – – – 188,844INDICATED Akasaba Underground 2.25 g/t Au 609,274 5.93 – – – 116,158 – – –Akasaba Near Surface 0.5 g/t Au 3,009,214 1.37 – – – 132,475 – – –Orenada Near Surface 0.5 g/t Au 6,027,277 1.01 – – – 196,097 – – –Hudvam 1.35% CuEq 930,397 3.82 1.22 13.84 1.78 105,000 24,053,000 396,000 35,100,000WIM 1.3% CuEq 3,898,000 1.57 1.71 6.68 0.27 197,000 147,156,000 837,000 22,730,000Total Indicated – – – – – – 746,730 171,209,000 1,233,000 57,830,000 –Ounces Gold Equivalent – – – – – – 746,730 428,023 15,413 48,192 1,238,357INFERREDAkasaba Underground 2.25 g/t Au 1,475,622 5.58 – – – 264,886 – – –Akasaba Near Surface 0.5 g/t Au 219,882 1.93 – – – 13,653 – – –Orenada Near Surface 0.5 g/t Au 4,708,810 1.16 – – – 176,000 – – –Sleepy 2 g/t Au 1,885,500 5.10 – – – 307,350 – – –Hudvam 1.35% 612,021 3.25 0.79 6.96 1.33 53,000 10,449,000 129,000 16,961,000WIM 1.3% CuEq 732,000 1.76 1.03 4.65 0.37 41,000 16,616,000 109,000 5,941,000Total Inferred – – – – – – 855,889 27,065,000 238,000 22,902,000 –Ounces Gold equivalent – – – – – – 855,889 67,663 2,975 19,085 945,612
Resource Estimations: Orenada (Horvath, Geologica, 2009), Akasaba and Sleepy (Geopointcom, Geologica, 2013 and 2014, respectively), WIM and Hudvam (Golder and Associates, 2015)
www.azx.ca |
Resources Table
18
1 Toronto StreetSuite 201, P.O. Box 10Toronto, ON M5C 2V6416.363.9372www.azx.ca
DISCLAIMERSome of the statements contained i n this presentation are “forward-looking statements”. Such forward-looking statem ents i nvolve known and unknown risks, uncertainties andother fac tors that may cause our ac tual results, performance or achi evements to differ materially from the anticipated results, performance or achievements expressed or implied bysuch forward-looki ng statements. Factors that coul d cause actual results to differ materially from anticipated results include risks and uncertainties such as; ability to raise financingfor further expl oration and developm ent ac tivities; risks relating to the estimates of reserves , deposits and producti on costs ; extraction and development ac tivities; the risk ofcommodity price fluc tuations; political regulatory and environmental risks; and other risks and uncertainties i n the reports and disclosure documents filed by Alexandria MineralsCorporati on from time-to-time with Canadian securities regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-lookingstatements , whether as a result of new information, future events or otherwise. Complete Company reports i ncludi ng management’s discussion and analysis, fi nancial statementsand notes can be found on our Company’s website at www.azx.ca and on SEDAR at www.sedar.com.
Facebook: https://www.facebook.com/AlexandriaMinerals
Twitter: https://twitter.com/azxmineralscorp
YouTube: http://www.youtube.com/AlexandriaMinerals
Flickr: http://www.flickr.com/alexandriaminerals/