ppt - july 18-2017
TRANSCRIPT
Leveraging Cambodia’s natural wealth to build a profitable
and sustainable exploration company.
Angkor Gold Corp. is the first North American publicly-traded mineral exploration company in
Cambodia. Our business strategy focuses on exploration, project generation and selecting strong
partners to advance each of our multiple prospects towards a sustainable, recurring revenue stream.
Presentation date:July 18, 2017
TSXV: ANK
DISCLAIMER
This presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy thesecurities referred to herein, nor investment advice or an offering memorandum.
This document contains forward-looking statements which reflect management’s expectations regarding theCompany’s future growth, results of operations, performance and business prospects and opportunities. Whereverpossible, words such as “anticipate”, “believe”, “plan”, “expect”, “intend”, and similar expressions have been usedto identify these forwarded-looking statements. These statements reflect management’s current beliefs and are basedon information currently available to management. Readers are encouraged to read the Company’s public informationfilings which can be accessed and viewed through a link to the Company’s Canadian Securities Commissions filingsvia the System for Electronic Data Analysis and Retrieval (SEDAR) at www.sedar.com.
Forward-looking statements involve significant risks and uncertainties and involve known and unknown risks. Anumber of factors could cause actual results to be materially different from the results discussed in the forward-lookingstatements. Any forward-looking statements should be read in conjunction with the risk factors described in “Risks andUncertainties” and the “Cautionary Statement on Forward-Looking Information” contained in the Company’s mostrecent MD&A filed on SEDAR. Although any forward-looking statements contained in this presentation are basedupon what management believes to be reasonable assumptions, the Company cannot assure prospective purchasersthat actual results will be consistent with these forward-looking statements. Any forward-looking statements are madeas of the date of this presentation, and the Company assumes no obligation to update or revise such forward-lookingstatements to reflect new events or circumstances.
The technical information in this document has been reviewed and approved by Dennis Ouellette, B.Sc, P.Geol., amember of The Association of Professional Engineers and Geoscientists of Alberta (APEGA) and a Qualified Personas defined by National Instrument 43-101 (“NI 43-101”). He is the Company’s Exploration Manager and has reviewedand approved the technical disclosure in this document.
SHARE STRUCTUREAs at July 17, 2017
Over 50% of Angkor Gold’s shares are in close hands
111.7MMFully Diluted
Issued Shares 102.9M
Options 7.2 MM
Warrants 1.6 MM*
$30.9MMMarket Cap
Share Price @ $0.30July 17, 2017
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* Warrants @ $0.50 expire July, 2018
Management
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Mike WeeksCEO
25 years experience in project management of power generation and petroleum-related industries, 14 years negotiating with foreign governments in developing and implementing natural resource concessions.
John-Paul DauVP Operations
Based in Phnom Penh, Cambodia, with 10 years experience managing various projects in the land development business and 5 years of working in the venture capital for private and publicly traded companies.
Stephen BuregaVP Corporate Development
10+ years experience in management of natural resource companies. 12 years in the finance, communications, and government relations fields.
Stephen LautensVP Corporate Affairs
Former VP Corporate Communications of Inter-Citic Minerals Inc. and VP Business Development of The Workflow Automation Corporation. A lawyer, communications and investor relations specialist.
Delayne WeeksVP CSR
20 years of experience in international community development projects all over the world including Africa, South America, Canada and Cambodia.
Dennis Ouellette, B.Sc., P.Geol.Exploration Manager
Member of The Association of Professional Engineers and Geoscientists of Alberta and Angkor’s Qualified Person. He has worked on exploration programs in Canada and internationally, and as a geologist for Falconbridge and Goldquest (Goldcorp). He also served as Manager of the Yukon Chamber of Mines.
Strong Support• Dedicated shareholder base• Has always traded above IPO price
Massive Land Package• Approx. 983 km2 - all 100% owned• All licenses recently renewed• Diversified Risk
No local partners on Assets
Four Flagship Projects1. Halo2. Okalla West3. Andong Meas4. Khoan NeakPlus Additional Targets
Politically stable & mining friendly region
• Growth orientated government with annualGDP growth of 7%
• Infrastructure investment (hydro & road)
• Underexplored and highly prospective
• Low cost operating environment
• Modern mining governance modelled onWestern Australian mining law
• 30% tax rate
• 3% Royalty on precious metals
• Attractive fiscal regime for mining
• No foreign ownership restriction
• No free carried project participation
10 Deals to Date Totalling USD $19.68 MM
Including:
•Option and Exploration Funding Agreement with JOGMEC (Japan Oil, Gas and Metals National Corporation)
•Earn-In Agreement with Renaissance / Emerald Resources
•Option and Exploration Funding Agreement with Blue River Resources
•Sale and Net Smelter Return with Mesco Gold (India)
Value Drivers
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Key MilestonesSince Initial Public Offering In October 2011
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2012 2013 2014 2015 2016 2017
• Increase ownership from 90% to 100% on original 4 licenses (Banlung, Banlung North, Oyadao, OyadaoSouth) and acquired AndongMeas
• Border Property sale for $2.4 MM
• Mesco Gold agreement for $1.2 MM and sliding scale NSR on Phum Syarung Project
• Mesco Gold acquisition of Blue Lizard for $700K
• Tohui private placement for 7.9 MM shares at $0.285 per share for $2.12 MM
• Invited to speak at United Nations Forum on mining and social responsibility
• $2.12 MM raised through exercise of warrants
• Strategic partnership with Beijing Explo-‐Tech Engineering Co. (BETEC) Ltd. for geophysical survey programs on Halo and CW prospects
• United Nations Forum on mining sustainability
• JOGMEC earn-‐in $3.0 MM on Oyadao South
• Environmental approval of Phum SyarungMine
• Agreement with Mesco on Oyadao North -‐$1.25 MM
• Agreement with Blue River on Banlung License -‐$3.5 MM
• Closed non-‐brokered financing of $1.25 MM at $0.40 per unit
• Mesco receives initial mining license
• JOGMEC funding triggered, exploration begins on Oyadao South
• $2.2 MM Earn-‐In Agreement signed with Emerald on Khoan Nheak
• Closed non-‐brokered financing of $0.482 MM at $0.32 per unit
• Drilling begins on Oyadao South
• Drilling begins at Okalla West
All figures in US dollars
TRANSACTION SUMMARY*
Asset Transactions*
• Sale of Border Property: $2.4 MM
• Agreements with Mesco Gold: $1.9 MM
plus a 2.0% - 7.5% sliding scale NSR
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• Tohui : $2.12 MM
• 2014 Private Placement: $2.02 MM
• Joint Venture 5% Option: $1.425 MM
• 2015 Warrant Exercise: $2.12 MM
• 2016 Private Placement: $1.0 MM
• 2017 Private Placement: $482,000
Equity Financings
• Mesco – Oyadao North: $1.25 MM
• Blue River – Banlung Tenement: $3.5 MM
• JOGMEC – Oyadao South: $3.0 MM
• Emerald / Renaissance – Khoan Nheak: $2.2 MM
Farm-In Agreements*
* Figures in US dollars
Visit from the Cambodian Minister of Mines
STRATEGIC RELATIONSHIPS
JOGMEC - Oyadao South
• Japan Oil, Gas and Metals National Corporation (“JOGMEC”) is a $10B+ corporation that collaborates with governmental agencies and companies globally with a view to secure stable supplies of natural resources for Japan.
• 51% Earn-in on $3MM spend over 3 years at Oyadao South.
• Angkor Retains a minimum 15% interest or optionally converts to 1.5% NSR.
• Angkor is the designated operator through the earn-in period.
• $3MM exploration triggered March 30, 2017 with $800,000+ exploration underway in 2017.
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• Mesco Gold is a subsidiary of $4B Indian steelmaker Mesco Steel Ltd, which purchased the Phum Syarung prospect and Blue Lizard from Angkor Gold.
• $1.9 MM total investment at Phum Syarung and Blue Lizard. Angkor retains a 2.0% - 7.5% sliding scale NSR on production.
• Oyadao North under option to Mesco with a $1.25 MM exploration spend. Angkor maintains a 15% free carried interest.
Mesco Gold (Cambodia) Co. Ltd.
Blue River - Banlung
• Blue River Resources has a 50% earn-in on $3.5MM spend over 4 years on the Banlung Property
• Blue River has the option to earn an additional 20% on completion of a Bankable Feasibility Study
• Angkor Retains a minimum 30% free carried interest in the property with the option to convert to a 5% NSR
• Angkor is the designated operator
• Earn-In Agreement with Australian-based gold company, Emerald Resources NL (ASX: EMR), on Angkor’s Koan Nheak property.
• Investment by Renaissance of $2 MM USD in exploration & development expenditures plus a $200,000 USD cash payment to Angkor by Renaissance over a 2-year period to acquire a 51% participating interest in the Koan Nheak license.
• Renaissance has the right to acquire an additional 29% participating interest in Koan Nheak license on completion of a Definitive Feasibility Study.
• After DFS, Angkor will maintain a 20% participating interest in the property, or at Angkor’s discretion, can convert to a 3.5% Net Smelter Return (“NSR”) on all metals.
Emerald Resources (Renaissance)
Multiple OpportunitiesWe focus on numerous targets and elements and advance each to partnerships.
1. Halo: Copper Porphyry – JOGMEC
2. Okalla West: Gold Anomaly – Blue River
3. Phum Syarung North: Gold Veins –Mesco
4. Koan Nheak: Gold Veins – Emerald
EXPLORATION PARTNERS
INCLUDING:Andong Meas 5 distinct prospective gold anomalies within the
project area including samples grading: • Au @ 20.9 g/t • Au @ 19.7 g/t
Koan Nheak
2016 geochemical termite sample results including:
• Au @ 31.8 g/t • Ag @ 721 g/t • Cu @ 0.22 %
MULTIPLE EXPLORATION TARGETS
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KEY FACTAlmost 1,000 km2
land portfolio“
Innovative and effective low cost exploration
Systematic Approach
• Stream Sediment Sampling• Full Spectrum ICP-MS Analyses• Pan Concentrate Gold Count• Satellite Geology Interpretation• Aeromagnetic/Radiometric Survey• Termite Mound Sampling• XRF Analyses• Selective Wet Chemistry & SFA• General Geological Mapping • Artisanal Workings Survey• Rock Chip Geochemistry• Ground Geophysics (VLF, IP,
Magnetic, Radiometric, etc.) • Detailed Geological Mapping• Short Wave Infa-Red• Trench• Diamond Drill
A blend of modern and traditional
Termite Mound SamplingTermites are effective at sampling great depths and distances. We put
their hard work to work for us.
Diamond Core Drilling
Our best prospects advance to diamond core drilling.
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Halo Prospect$3.0 USD Million Exploration Agreement With JOGMEC
Exploration: Japan Oil, Gas and Metals National Corporation (JOGMEC) triggered the USD $3.0 million exploration funding agreement with Angkor effective March 29, 2017. Exploration now underway.
Mineralization: The Halo prospect identifies as a copper-molybdenum-gold porphyry system through geology, geochemistry and geophysics.
Structure: The identified porphyry system covers an area of 7.25 km2 as defined by alteration and soil and rock geochemistry.
Sample Copper Molybdenum
Rock 7470* PPM 1490* PPM
Soil 754* PPM 447* PPM
KEY FACT“ 7.25 km2 copper anomalyidentified
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* Maximum value
Okalla West Prospect$3.5 USD Million Exploration Agreement With Blue River Resources
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Visible gold atOkalla West
Mineralization: free gold in laterite (paleo-placer gold) sitting on gabbro bedrock also with visible gold in quartz vein material from altered diorite in contact with gabbro bedrockStructure: aeromagnetic high, possible lopolith in northwest striking grabenWork Completed: •Extensive termite geochemical survey•Close spaced auger sampling of 705 holes completed over gold anomaly•Detailed geological surveys•Reconnaissance SWIR alteration mapping•Aeromagnetic survey and extensive interpretation•Gravity survey with interpretation using magnetic survey data•EM-16 VLF survey over gold mineralized laterite area and is being extended further south
2017 Exploration: •Phase 1 drilling began end of June, 2017•New test pits well underway through gold mineralized laterite to determine grade•New auger sampling below laterite to test for bedrock gold source •Discovery of quartz vein material - some of which contains visible gold
Andong Meas License5 Prospects On One License
Potential: Acquired in 2012, Andong Meas (“Well of Gold”) remains one of Angkor’s most exciting tenements with excellent high grade gold showings as well numerous base metal anomalies present in this porphyry style system.Highlights: 5 distinct prospective gold prospects have been identified to date within the expansive project boundaries with grab samples containing gold values ranging from 0.5 g/t to +20 g/t Au
Historic Workings: Small to medium scale artisanal mining has been observed across the license
Size: Andong Meas hosts district size gold potential with a total license area of approximately 188 km2
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Extensive artisanal stripping & mining at Canada Wall
Koan Nheak Project$2.0 MM In Exploration With Emerald Resources
2017 Earn-In Agreement: In July, 2017, Angkor announced a $2.2 MM USD Earn-In Agreement with Australian company Emerald Resources, owner of the nearby Okvau gold project. After expenditures over 2 years and completion of a DFS, Angkor will maintain a 20% participating interest in the property, or at Angkor’s discretion, can convert to a 3.5% Net Smelter Return on all metals. Emerald will be the operator.
Mineralization: The primary mineralization in the quartz veins and hydrothermal breccia is gold. There is an apparent association with Cu, Ag, Pb, Zn, and Mo.
Structure: Two local structural corridors have been identified and interpreted from field mapping and geophysics IP surveys. The first corridor consists of dikes and narrow quartz veins. The second & main structural corridor is along the emplacement of the diorite striking N-S with tensional NW fracturing striking.
Size: 1200m x 700m
2016 Sample Results:
• Grab samples from the Peacock Prospect returned grades up to 30.4 g/t Au.
• Float breccia samples collected in the south east river channel resulted in grades as high as 9.53 g/t Au.
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Phum Syarung NSRCash Sale with Sliding Scale Net Smelter Return on the Project
Head Frame at Phum Syarung - 2016
DETAILS
• 12 km2 sold to Mesco for $1.9 MM USD - $1.4 MM USD paid and
final $500,000 USD currently being paid in installments
• Angkor retains a free carry 2.0 to 7.5% Sliding Scale Return (NSR)
based on price of gold, 7.5% on other metals
• Environmental & Social Impact Assessment (ESIA) approved
August, 2016, Mining License and permits issued September, 2016
• Mining infrastructure now in advanced stage of construction
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RELATIONSHIPS
Village Leaders Ministry of Mines & Energy
Prime Ministerof Cambodia
BUILDING RELATIONSHIPS AT ALL LEVELS OF GOVERNMENT“17
Strong Community Support
Community
• Involve communities
at early stage
• Listen to their needs
• Educate communities
about the industry
Government
• Working groups
• Input into legislation
• Assist with
infrastructure
NGOs
• Best practices
• Partnerships
• Leading the way
Industry
• Exceed compliance
• Strive for excellence
• Collaborative effort
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CORPORATE SOCIAL RESPONSIBILITYFrom the ground up we have built relationships with all levels of government in Cambodia to
ensure our business is welcome and sustainable.
Good business in developing countries.
Water Solutions
• Water wells for communities
• Filtration
• Rainwater harvesters
Economic Solutions
• Demonstration gardens
• Small business development
Health Solutions
• Actively supporting 8 health centers
• Constructed rural health center
• Dental clinics
Education & Training Solutions
• Training Center for English and Technology
Sustainable Community Development
Making a choice to make Cambodia Better.
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Dental Clinic
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Contact:
Stephen Burega, VP Corporate [email protected] • +1 (647) 515-3734
TSXV: ANK • OTC: ANKOF