Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

UNICO SILVER LIMITED AGM Information 2021

Oct 31, 2021

65986_rns_2021-10-31_d45657db-30a5-46f2-97de-934c17e3ba2a.pdf

AGM Information

Open in viewer

Opens in your device viewer

AGM PRESENTATION NOVEMBER 2021

==> picture [141 x 48] intentionally omitted <==

AGM PRESENTATION

1

AGM PRESENTATION NOVEMBER 2021

FORWARD LOOKING STATEMENTS AND DISCLOSURES

DISCLAIMER

COMPETENT PERSON STATEMENT

The following material is for general information purposes only and is not to be relied upon for the making of an investment decision. Any investment in E2 Metals Limited ACN 116 865 546 (E2M) is subject to investment risk including the possibility of loss of capital invested and no return of income or payment of dividends. Neither E2M nor any other entity or person in or associated with the E2M group of companies guarantees any return (whether capital or income) or generally the performance of E2M or the price at which its securities may trade.

In particular, this presentation is not a recommendation, offer or invitation to subscribe for or purchase E2M securities. It is not for general distribution or third party reliance or use. While it has been prepared from sources E2M believe to be reliable, E2M cannot guarantee its accuracy or completeness and undertakes no obligation to advise of changes or updates to any such materials.

These materials are not exhaustive of all of the information a potential investor or their professional adviser would require. Nor do these materials take into account any specific objectives, financial situation or needs of investors. In addition, the past performance of E2M cannot be assumed as indicative of the future performance of the company. For these and other reasons, before making any investment decision regarding E2M securities you are strongly recommended to obtain your own up to date independent legal, financial and investment advice – those acting without such advice do so at their own risk.

Where this presentation does contain any forward looking statements, those statements are only made as the date of the presentation and are to be considered “at-risk statements” not to be relied upon as they are subject to further research and to known and unknown risks, uncertainties and other factors that may lead to actual results differing from any forward looking statement. This is particularly the case with companies such as E2M which operate in the mining industry.

The information in the presentation relates to the following ASX Announcements

  • 1 November 2021, Further high-grade gold and silver demonstrate scale at Malvina

  • 4 October 2021, Gold and silver assays confirm Malvina discovery

  • 3 September 2021, Drilling to recommence at Conserrat

  • 31 August 2021, E2 Metals moves to 100% ownership in El Rosillo

  • 8 July 2021, Rio Negro – Target 38 Sampling Results

  • 30 June 2021, Exploration Update

  • 18 May 2021, Rio Negro – Target 37 Sampling Results

  • 10 May 2021, Emilia Scout Drilling Returns High-Grade Silver

  • 22 April 2021, New Gold and Silver Zone Defined at Mia

  • 9 Mach 2021, Priority Electromagnetic Targets Defined at Cobar

  • 9 February 2021, Exploration Update

  • 22 December 2020, Drilling Expands Gold and Silver Mineralisation at Mia

  • 15 December 2020, Further High Grade Results at Mia

  • 9 November 2020, Florencia Returns Promising Drill Results

  • 28 October 2020, Exceptional Gold and Silver Drill Results from Mia

2

AGM PRESENTATION NOVEMBER 2021

INVESTMENT

THESIS

==> picture [114 x 37] intentionally omitted <==

WELL-FUNDED EXPLORER ADVANCING TWO GOLD AND SILVER DISCOVERIES

  • Proven management: Prior involvement in 5 discoveries (inc. Cerro Negro and Navidad)

  • Two emerging greenfields discoveries: Conserrat and El Rosillo

  • World-class gold and silver province: host to multi-million ounce mines

  • Strong balance sheet

  • One of the few gold and silver companies on the ASX

==> picture [13 x 21] intentionally omitted <==

----- Start of picture text -----

1 X
2 X
----- End of picture text -----

3

AGM PRESENTATION NOVEMBER 2021

PORTFOLIO

==> picture [186 x 37] intentionally omitted <==

FOCUS ON GOLD AND SILVER IN ARGENTINE PATAGONIA

MINING FRIENDLY, HOST TO MULTIPLE WORLD-CLASS DEPOSITS

  • › Cerro Vanguardia (8.9Moz Au, 137Moz Ag)

  • › Cerro Negro (7.1 Moz Au, 52Moz Ag).

  • › Navidad (750Moz Ag).

TWO DISTRICT-SCALE LANDHOLDINGS, GREENFIELDS DISCOVERIES BY E2

  • › Conserrat (Santa Cruz)

  • › El Rosillo (Rio Negro)

==> picture [621 x 554] intentionally omitted <==

4

AGM PRESENTATION NOVEMBER 2021

==> picture [262 x 648] intentionally omitted <==

ARGENTINA

DISCOVERY EXPERTISE

==> picture [350 x 37] intentionally omitted <==

STRONG IN-COUNTRY MANAGEMENT, PROVEN DISCOVERY EXPERTISE

DIRECTORS

› Todd Williams | Managing Director

Geologist with six years exploration management experience in South America (Colombia and Argentina). Assembled E2’s portfolio and in-country team.

› Peter Mullens | Non-Executive Director

Co-founder and Chief Geologist of Alquiline Resources which held Navidad prior to the 2009 takeover by Pan American Silver for CAD$645million.

MANAGEMENT

› Colin Brodie | Corporate Development

Geologist and former Exploration Manager for IAMGOLD in Argentina. Specialist in early-stage exploration for porphyry and epithermal copper and gold deposits in South America. Acquired E2’s Conserrat project as open ground in 2017.

› Dave Shatwell | Technical Advisor

Over 50 years global experience in epithermal gold silver deposits. Former Chief Geologist at Andean Resources (Cerro Negro) where he led the team to multiple discoveries resulting in the acquisition by Goldcorp for US$3.4B in 2010.

› Facundo Flores | Consultant Geologist

Former geologist with successful explorer Mirasol Resource. Instrumental in the discovery of the Joaquin and Virginia deposits in Santa Cruz.

› Salvador Broens | Consultant Geologist

Former geologist with Patagonia Gold and part of the discovery team at the Cap Oeste-COSE deposit in Santa Cruz. Consultant at PAPI Group advising E2 on all aspects of regulatory approvals and environmental permitting.

5

AGM PRESENTATION NOVEMBER 2021

RECAP OF THE PAST 12 MONTHS

Successful institutional placement to fund exploration activities $12m capital raise March Quarterly Work commences in the Western Rio Negro Project

Emilia scout drilling returns high-grade silver 9.5m at 0.4gpt Au, 375gpt Ag

Further high-grade silver and gold at Malvina 7.2m at 2.3gpt Au, 854gpt Ag Malvina Oeste 1m at 15gpt Au, 327gpt Ag

COVID-19 update Restricted operations

Exceptional gold and silver drill results from Mia 18m at 47gpt Au, 208gpt Ag

Target 38 sample results Widespread surface gold mineralised at El Rosillo Malvina discovery 2.5m at 0.8gpt Au, 574gpt Ag

6

AGM PRESENTATION NOVEMBER 2021

CORPORATE STRATEGY

7

AGM PRESENTATION NOVEMBER 2021

EPITHERMAL VEIN DEPOSITS ARE MADE NOT FOUND: 18 YEARS AND 591 HOLES[1] TO REVEAL THE FULL POTENTIAL OF CERRO NEGRO

WORLD-CLASS VEIN FIELD

  • 7.1Moz Au, 52Moz Ag total endowment

  • 400-600koz pa production since 2015

12 years from first drill campaign to first 1 million gold equivalent ounces (GEO) resource (1996-2007)

Explored by five companies, eventually sold by Andean Resources to Goldcorp in 2010 for U$3.4billion[2]

CONTINUING TO GROW

  • High-grade Silica Cap discovery beneath

  • an outcrop prospected 20 years prior

==> picture [602 x 400] intentionally omitted <==

----- Start of picture text -----

Andean Resources
Bajo Negro, San Marcos, Las Marianas
resource upgrade
6.28Moz Au, 47Moz Ag
Andean Resources Goldcorp
Eureka West discovery Silica Cap discovery
1.54Moz Au, 7.8Moz Ag
TOTAL ENDOWMENT
Andean Resources 7.1Moz Au, 52Moz Ag
Consolidates 100% of the
Cerro Negro project
MIM
First Mineral Resource
Vein Zone
300koz Au
Goldcorp
Newcrest, Nameplate production
Pegasus JV 611,000 ounces
First drilling
5 holes at Eureka ,
5 holes at San Marcos ,
3 holes at Mariana
MIM
First drilling
17 holes at
Vein Zone
1990 2000 2010 2020
TIME
----- End of picture text -----

1 Vidal et al. (2021) The Cerro Negro Epithermal District, northwestern Deseado Massif (Patagonia, Argentina): New insight from telescoped volcanic-hydrothermal systems, Journal of South American Earth Sciences 2 Press release, 29 December 2010, Goldcorp announces the completion of acquisition of Andean Resources

8

AGM PRESENTATION NOVEMBER 2021

THESE ARE ‘TIP OF THE ICEBERG’ DEPOSITS THAT GROW WITH TIME

YOU ARE HERE

INITIAL DISCOVERY

KEY ATTRIBUTES OF EPITHERMAL VEIN RESOURCES

  • › Vein districts or fields, with many mineralised structures

1 MILLION OUNCES (5-7GPT GEO) DEVELOPMENT DECISION

  • › The mineralised shoots within those structures often constitute less than 10% of the vein (small but high-grade)

  • › Strong vertical zonation

  • high-grade mineralisation often discovered

  • in veins that are barren at surface

  • › Time from initial exploration

  • to first 1 million GEO

  • Cerro Negro (1996 to 2007)

  • San Jose (1997 to 2007)

TOTAL ENDOWMENT

  • Cerro Moro (2004 to 2012)

  • E2 METALS BELIEVES THAT CONSERRAT REPRESENTS ANOTHER ‘TIP OF THE ICEBERG’ DISCOVERY IN THE SANTA CRUZ PROVINCE WITH MULTI-MILLION OUNCE POTENTIAL THAT WILL BE REVEALED WITH SYSTEMATIC EXPLORATION…

9

AGM PRESENTATION NOVEMBER 2021

WHY.. BECAUSE CONSERRAT IS OF SIMILAR SCALE TO TYPICAL MULTI-MILLION OZ VEIN FIELDS

CORPORATE STRATEGY

==> picture [1034 x 469] intentionally omitted <==

----- Start of picture text -----

CERRO NEGRO SAN JOSE
Newmont Hochshild, McEwen Mining
OZ VEIN FIELDS
7.1Moz Au, 52Moz Ag 2.2Moz Au, 145Moz Ag
THE LARGEST VEIN FIELDS TEND TO PRODUCE
THE BIGGEST GOLD AND SILVER DEPOSITS
2km 2km
Cerro Vanguardia CONSERRAT CERRO MORO
~175km [2]
E2 Metals Yamana
8.9Moz Au, 137Moz Ag
Cerro Negro ? 1.0Moz Au, 45Moz Ag
~75m [2]
7.1Moz Au, 52Moz Ag
Conserrat
~25m [2]
Cerro Moro
~17m [2]
1.0Moz Au,
45Moz Ag
San Jose
~20m [2]
2.2Moz Au, 145Moz Ag
2km 2km
GOLD & SILVER ENDOWMENT
SURFACE AREA
----- End of picture text -----

THE LARGEST VEIN FIELDS TEND TO PRODUCE THE BIGGEST GOLD AND SILVER DEPOSITS

10

AGM PRESENTATION NOVEMBER 2021

==> picture [1073 x 569] intentionally omitted <==

----- Start of picture text -----

PROJECT SUMMARY
2021
----- End of picture text -----

11

AGM PRESENTATION NOVEMBER 2021

==> picture [568 x 550] intentionally omitted <==

PROJECT SNAPSHOT

==> picture [315 x 37] intentionally omitted <==

CONSERRAT PROJECT (80% E2 METALS)

  • Evolving greenfields gold and silver discovery

  • Next door AngloGold Ashanti’s

Cerro Vanguardia mine

  • (8.9Moz Au and 137Moz Ag)

  • Overlooked by previous explorers, prospective rocks

  • concealed by shallow cover

  • Gold and silver mineralisation defined over 25km[2]

12

AGM PRESENTATION NOVEMBER 2021

EXPLORATION PIPELINE

  • › 3 HIGH-GRADE DISCOVERIES

  • 600M CUMULATIVE STRIKE

Mia

Malvina

Emilia

  • › Malvina Oeste – 1m at 20gpt AuEq, open in all directions

› Ro Este – 4m at 4.4gpt AuEq, open along strike

  • › 6 MINERALISED STRUCTURES

  • OPEN ALONG STRIKE

  • › 13 KILOMETERS UNTESTED

  • PROSPECTIVE STRUCTURES

› Malvina Sur - 5m at 1.7gpt AuEq, open in all directions

› Florencia – 11m at 1.2gpt AuEq, open along strike

› Florencia Norte – 4m at 1.2gpt AuEq, open in all directions

› Silvia – 4m at 1.9gpt AuEq, open in all directions

==> picture [459 x 130] intentionally omitted <==

----- Start of picture text -----

Prospective corridor
----- End of picture text -----

13

AGM PRESENTATION NOVEMBER 2021

==> picture [93 x 83] intentionally omitted <==

- NEW HIGH GRADE MALVINA DISCOVERY

  • Blind discovery under basalt cover,

  • announced October 2021

  • Three mineralised veins

  • › Malvina: 7.2m at 14.5gpt AuEq[3]

  • › Malvina Oeste: 1m at 20gpt AuEq

  • › Malvina Sur: 5.8m at 1.3gpt AuEq

  • Potential for further vein discoveries

==> picture [617 x 518] intentionally omitted <==

3 Gold equivalent grades calculated at spot price of U$1750/oz gold and U$25/oz silver (Au + Ag/70)

14

AGM PRESENTATION NOVEMBER 2021

==> picture [93 x 83] intentionally omitted <==

- NEW HIGH GRADE MALVINA DISCOVERY

  • High-grade mineralisation defined over a 250m strike with potential for extensions

  • to the east, west and at depth

  • Weighted average grade of 2.2gpt Au and 708gpt Ag (12.5gpt AuEq) over an average downhole width of 3.5m

  • Infill drilling on 50m centres

==> picture [583 x 519] intentionally omitted <==

15

AGM PRESENTATION NOVEMBER 2021

==> picture [581 x 518] intentionally omitted <==

==> picture [93 x 83] intentionally omitted <==

MIA PROSPECT

High-grade mineralisation defined over a 200m strike with potential for repetitions and northwest

Weighted average grade of 7.8gpt Au and 223gpt Ag (10.9gpt AuEq) over an average downhole width of 8.5m

Positive preliminary metallurgical test results >90% gold recoveries by conventional cyanide leach in oxide zone

16

AGM PRESENTATION NOVEMBER 2021

==> picture [93 x 83] intentionally omitted <==

EMILIA

  • Blind discovery under colluvium and basalt

  • Discovery hole 9.5m at 0.4gpt Au,

375gpt Ag (10gpt AuEq) from 49m

  • High-grade mineralisation defined over

  • a 150m strike open to the east and west

  • Follow up results

  • › 4m at 0.5gpt Au, 351gpt Ag (5.5gpt AuEq)

  • › 1m at 39gpt Au, 54gpt Ag (40gpt AuEq)

  • Step out drilling ongoing

==> picture [582 x 518] intentionally omitted <==

17

AGM PRESENTATION NOVEMBER 2021

==> picture [643 x 550] intentionally omitted <==

----- Start of picture text -----

Grade
Hole ID From To Interval AuEq70 Au Ag
Thickness
Mia
DRC-MI20-011 35 53 18 2.4 0.8 115 43
DRC-MI20-012 66 69 3 160 151 688 480
CORC-036 76 84 8 10.7 7.6 216 86
DDH-MI20-030 51 62.25 11.25 11.8 4.2 535 133
CODD-115 187 193 6 3 0.3 187 18
CODD-116 28 62.2 34.2 5.9 3.8 147 202
CODD-114 63.9 81.1 17.2 8.9 5.8 218 153
CODD-118 147.2 149.3 2.1 3.4 3 25 7
DDH-MI20-065 175 179.1 4.1 10.2 1 644 42
DDH-MI20-036 85 89 4 5.2 0.7 318 21
DDH-MI20-031 51.8 52.4 0.6 4 3.8 12 2
DDH-MI20-044 21 23 2 44.1 44 9 88
DDH-MI20-044 68 74.1 6.1 5 4.6 28 31
CODD-067 172.1 174.7 2.6 4.8 0.8 280 12
Malvina
CODD-147 125 127.5 2.5 9.1 0.9 574 23
CODD-151 63.4 65.4 2 5 1 281 10
CODD-152 100.8 102.8 2 14.8 4 754 30
CODD-162 70.83 78 7.5 14.5 2.3 854 109
CODD-171 105.6 108.6 3 13.2 3 714 40
Emilia
CODD-125 49 58.5 9.5 5.8 0.42 375 55
CODD-137 41 70 29 1.8 1.62 16 52
including 42 43 1 40 38.95 54 40
CODD-143 75.5 79.5 4 5.6 0.54 351 22
----- End of picture text -----*

==> picture [93 x 83] intentionally omitted <==

DRILL

INTERCEPTS

CODD-114: Mia prospect 17.2m at 8.9gpt AuEq (5.2gpt Au, 218gpt Ag)

==> picture [368 x 192] intentionally omitted <==

CODD-162: Malvina prospect 7.2m at 14.5gpt AuEq (2.3gpt Au, 854gpt Ag)

==> picture [368 x 95] intentionally omitted <==

18

AGM PRESENTATION NOVEMBER 2021

==> picture [93 x 83] intentionally omitted <==

FOLLOW UP DRILLING PLANNED FOR MULTIPLE MINERALISED STRUCTURES

==> picture [416 x 37] intentionally omitted <==

6 MINERALISED STRUCTURES UNTESTED ALONG STRIKE

  • › Malvina Oeste – 1m at 20gpt AuEq, open in all directions

  • › Ro Este – 4m at 4.4gpt AuEq, open along strike

  • › Malvina Sur – 5m at 1.7gpt AuEq, open in all directions

  • › Florencia – 11m at 1.2gpt AuEq, open along strike

  • › Florencia Norte – 4m at 1.2gpt AuEq, open in all directions

  • › Silvia – 4m at 1.9gpt AuEq, open in all directions

==> picture [570 x 508] intentionally omitted <==

19

AGM PRESENTATION NOVEMBER 2021

13 KILOMETERS OF UNTESTED PROSPECTIVE STRUCTURES

==> picture [89 x 78] intentionally omitted <==

==> picture [399 x 437] intentionally omitted <==

==> picture [312 x 436] intentionally omitted <==

EXPLORATION HAS ONLY JUST STARTED TO MOVE UNDER COVER...

TARGETING

  • Chargeability corridors

  • Graben structures

  • Extensions of mineralised vein trends

20

AGM PRESENTATION NOVEMBER 2021

OBJECTIVE: UNLOCK THE DISTRICT POTENTIAL

  • › Malvina and Emilia : Infill drilling and lateral extensions of known high-grade mineralisation

  • 6 mineralised structures open along strike (e.g. Malvina Oeste )

  • Scout drilling targeting blind vein trends under basalt cover (e.g. Malvina Sur )

21

AGM PRESENTATION NOVEMBER 2021

==> picture [608 x 542] intentionally omitted <==

WESTERN RIO NEGRO

– PORTFOLIO EL ROSILLO PROJECT

==> picture [152 x 37] intentionally omitted <==

FIRST MOVER IN THE NEWLY DEFINED INTRUSION RELATED GOLD (IRG) BELT, SPANNING 100KM

12 PROSPECTS DEFINED WITHIN VISTA ALEGRE, OFELIA AND EL ROSILLO

Analogous to world-class deposits

Donlin Creek (Alaska)

  • Hemi (Pilbara)

NO PREVIOUS SYSTEMATIC EXPLORATION

22

AGM PRESENTATION NOVEMBER 2021

EL ROSILLO

– NEW GOLD DISTRICT

==> picture [345 x 38] intentionally omitted <==

OUTCROPPING GOLD SYSTEM DEFINED OVER 2KM X 3KM

  • Outcrop and subcrop sampled on

  • 20m by 40m grid (composite rock samples)

  • 1951 composite rock samples[4]

  • collected during Q2 2021

  • Mineralisation open in all directions,

  • disappears under shallow gravel cover

==> picture [666 x 550] intentionally omitted <==

4 Samples were collected on lines spaced 40m apart and are a single bulk sample that is representative of all rock material (wall rock and veins) along a 20m interval. Sample results are semi-quantitative and comprise both outcrop and float material, depending on the surface environment

23

AGM PRESENTATION NOVEMBER 2021

TARGET 37

  • Gold mineralisation defined over 1000m by 600m, open to the east

› Key composite rock results:

==> picture [340 x 343] intentionally omitted <==

----- Start of picture text -----

L012: 40m at 2.7gpt Au
L013: 100m at 1.7gpt Au
L018: 80m at 1.2gpt Au, and 80m at 4.5gpt Au
L019: 80m at 1.6gpt Au
L020: 200m at 2gpt Au
L021: 80m at 1.8gpt Au
L022: 40m at 2.3gpt Au
L023: 20m at 3gpt Au
L024: 60m at 2.6gpt Au, and 80m at 2.7gpt Au
L025: 40m at 4.2gpt Au
L026: 20 at 11.5gpt Au
----- End of picture text -----

==> picture [666 x 550] intentionally omitted <==

24

AGM PRESENTATION NOVEMBER 2021

OBJECTIVE: CONFIRM SURFACE GOLD ANOMALIES, DRILL PERMITS

  • › Target 37 and Target 38 : Trenching and bedrock sampling in areas of shallow cover

  • Environmental Impact Assessment (EIA) report, baseline water studies for drilling

25

AGM PRESENTATION NOVEMBER 2021

CORPORATE STRUCTURE

$35M

› UNLISTED OPTIONS

$9.5M

150.5M

› PERFORMANCE RIGHTS

› BOARD

› MANAGEMENT

==> picture [57 x 105] intentionally omitted <==

----- Start of picture text -----

SHARE PRICE SHARE PRICEMOVEMENTS MOVEMENTS
----- End of picture text -----

==> picture [91 x 8] intentionally omitted <==

----- Start of picture text -----

Source: Yahoo Finance
----- End of picture text -----

26

AGM PRESENTATION NOVEMBER 2021

EXPERIENCED BOARD AND MANAGEMENT

› Todd Williams | Managing Director

Mr Williams is an exploration geologist with a Bachelor of Science graduating from the University of Adelaide in 2011. From 2015 to his appointment as Managing Director of E2 Metals, Mr Williams was the founder and principal of Circum Pacific Pty Ltd, a private Australian-based but South American focused gold explorer. During this time, he managed the development of greenfields projects in Colombia and Argentina, including the Company’s Santa Cruz and Rio Negro projects.

› Emilio Bastias | Country Manager

Emilio is a lawyer, qualified at the Bar in Argentina, specialized in mining law, including foreign investments and incorporation of new businesses in the sector. He has over 14 years working along different exploration mining companies for the developing of projects located in Argentina, Colombia and Uruguay. Emilio holds a LLM in Mining Law and Policy from the CEPMLP, University of Dundee and is currently based in San Juan, Argentina where he co-founded Bastías Yacante Law Firm.

› Melanie Leydin | Non-Executive Director

Ms Leydin holds a Bachelor of Business majoring in Accounting and Corporate Law. She is a member of the Institute of Chartered Accountants and is a Registered Company Auditor. She graduated from Swinburne University in 1997, became a Chartered Accountant in 1999 and since February 2000 has been the principal of Leydin Freyer. The practice provides outsourced company secretarial and accounting services to public and private companies specialising in ASX listed entities. Ms Leydin has over 25 years’ experience in the accounting profession and has extensive experience in relation to public company responsibilities, including ASX and ASIC compliance, control and implementation of corporate governance, statutory financial reporting, reorganisation of Companies and shareholder relations.

› Peter Mullens | Non-Executive Director

Mr. Peter Mullens joined the board of E2 as Non-Executive Director, effective 13 July 2021. Peter is a highly experienced and degree qualified geologist with 30 years’ experience in the minerals industry. Most noteworthy, Mr. Mullens was responsible for Mount Isa Mines (MIM) first entry into the Cerro Negro project and was the co-founder of the Ironbark Group of companies including Aquiline Resources which held the world-class Navidad silver deposit (750 million ounces silver) prior to the 2009 takeover by Pan American Silver for CAD$645m. Mr. Mullens is currently the Executive Chairman of GBM Resources (ASX: GBZ), who have development-stage gold projects in the Drummond Basin Queensland.

› Colin Brodie | Corporate Development

Colin is an economic geologist with 35 years’ experience in all aspects of mineral exploration, with a specific focus on porphyry and epithermal copper-gold deposits in Peru, Chile and Argentina. Colin was the former Exploration Manager of IAMGOLD in Argentina and was closely involved in Underworld Resource’s White Gold discovery in the Yukon Territory, Canada. He holds a BSc (hons) from the University of Otago in New Zealand, and MSc in GIS from Leeds University in England.

› Dave Shatwell | Senior Technical Advisor

Dave is an economic geologists based in Lima (Peru) with over 50 years’ global experience in epithermal gold and silver deposits. Dave was the former Chief Geologist for Andean Resources at the Cerro Negro project (Santa Cruz Province, Argentina) where he let the technical team to four discoveries (Eureka West, Mariana Norte, Mariana Central and Bajo Negro) that ultimately resulted in the acquisition of Andean Resources by Goldcorp in 2010 for US$3.4 billion. Dave holds a BSc (hons) from the University of Sydney.

==> picture [106 x 37] intentionally omitted <==

27

AGM PRESENTATION NOVEMBER 2021

SUMMARY

UNLOCKING A NEW GOLD AND SILVER DISTRICT

WORLD-CLASS MINING PROVINCE

PROVEN MANAGEMENT

28

AGM PRESENTATION NOVEMBER 2021

==> picture [141 x 48] intentionally omitted <==

E: [email protected] W: www.e2metals.com.au

29