• ASX Listed Gold Mining and Exploration Company
• Gold Production, Feasibility and Exploration in southern Peru via +16,000Ha of under- explored concessions
• Focused on achieving a run rate of 18koz per annum by end of 2014 from existing known deposits
• Cost cutting plans being implemented to reduce cash cost to ~$700/oz
• Recent discovery of two large tonnage low grade disseminated targets in Peru could materially change Minera Gold (+ 2.9M oz potential as an exploration target*)
• Exposure retained to Engenho Open Pit Gold Targets in Brazil via new JV
Production
? High-grade narrow vein Torrecillas gold mine in production in southern Peru.
? Focused on reaching ~18,000 oz Au annualized production by end of 2014 driven by lease of our own processing plant.
? Focus on increase in production and operating margin at Torrecillas to partially fund exploration in 2014.
Peru Exploration Upside
? Near mine exploration potential for increasing resources and developing reserves.
? 16,000ha + exploration package including high priority Tumi project. Optionality through Brazil JV held on books for Zero.
2014 Strategy – Overview
Minera Gold has:
? High-grade narrow vein UG gold mine at Torrecillas in Peru. ? Exciting exploration assets: near mine exploration at Torrecillas and also at Tumi. ? JV on development stage gold assets in Brazil. ? 2013 has been a year of consolidation and re-focus on ramping up production in Peru.
To maximise cash flow from Peru over next 12 months:
? Focus on lowering costs and increasing operational efficiency at Torrecillas. Achieved through:
? Replacement of OPEX fleet with $2.5M Capex Program to go owner operator ? Horizontal development at Torrecillas to discover low cost ounces to the east and west ? Bring on additional veins (Ady, Tessie and Rebeca)
? Operating Lease of processing plant is key ~>$200/oz cash cost reduction. ? Secured for 3 years with first processing to occur in April 2014
? Opportunity to develop heap leach pad to process stockpiled and easily accessible oxide ore within the existing mining permit.
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M I N E R A GO L D L I M I T E D
2014 Strategy Objectives
1. Production ? Focus on long-term, low-cost sustainable production from Torrecillas and surrounding high-grade veins. ? Primary source of production is the Torrecillas vein with a production target of ~1,000 oz per month.
? Development of other smaller veins to deliver additional payable production: • Ady vein initially focusing on the oxide zone at a rate of 200 oz per month at 11gpt – Feb 2014. • Trial mining of the Tessie veins to deliver an additional 200 oz per month at 9 gpt – Mar 2014. • Trial mining of the Rebeca veins to deliver an additional 150 oz per month at 18 gpt – Mar 2014.
? Development of a heap leach pad and processing of stockpiled oxide ore targeted for late 2H14.
2. Cost Reduction ? Processing Plant Lease by April 2014.
• Currently losing 18% of gold recovery under toll-treatment contract. • Decrease processing costs by 25%.
? Replacement of high cost / unreliable rental equipment with owner operator fleet ? Rationalisation of corporate overheads ongoing.
3. Exploration ? Primary regional focus is now on two recent bulk tonnage discoveries that are 100% owned:
• Tumi – 100Mt exploration target* at 0.8gpt Au, 0.3% Cu with Ag and Moly credits. • Tessie – 12Mt exploration target* at 1.0gpt Au – One of four known targets within 2km to follow up.
Peru Project Overview – Torrecillas – 100%
Torrecillas Gold Project – 13,000 ha package
? Torrecillas Mine – 102,000 oz @ 16.1gpt Au.
? Currently in production, on track to produce 10-12,000 oz Au in 2014.
? New ore shoot discovered 2H13 that has added approximately 18% to the known strike (additional 35m) grading 40.66gpt Au.
? Every time we develop horizontal outside the resource model east and west, new ore zones are discovered – the real potential of Torrecillas is still to be unlocked.
? Only one of 23 known veins tested in <8% of the concessions. Exploration Targets
? Ady, Rebecca and Tessie high-grade veins are being explored by trial mining. Aim to contribute an additional 5-7,000 oz Au in 2014 @ 9gpt.
? Recent Tessie disseminated discovery has an exploration target of 12Mt @ 1gpt as a low-cost heap leachable open pit.
? Recent assays from surface and underground work support this target and trial heap leach permit in progress.
? 800m x 160m priority target to be tested via an RC drill program in Q1, 2014.
M I N E R A GO L D L I M I T E D
Peru Project Overview – Tumi – 100% Owned
Tumi Au / Cu Project – 3,000 ha package
? Recent discovery of a large gold, silver and copper Breccia hosted mineralised area that covers approximately 1.6km2.
? Trench samples (27) returned an average of 2.16gpt Au, 0.6gpt Ag and 0.1% Cu.
? Breccia exploration target of 60-80Mt at 1gpt Au and 0.15% Cu plus Ag and Mo credits.
? Potential to improve grade and increase tonnage with geophysics and RC drilling program focusing on high grade.
? Ore is likely to be amendable to heap leach treatment.
? Easy access to power, water and ports.
? New intrusive anomaly (600m x 800m) associated with the Breccia and four new breccia targets. Exciting exploration target also.
*The term “Exploration Target” should not be misunderstood nor misconstrued as an estimate of Mineral Resources and Reserves as defined by the JORC Code (2012) and therefore the term has not been used in this context. It is uncertain if further exploration or feasibility study will result in the determination of a Mineral Resource or Mining Reserve.
14
M I N E R A GO L D L I M I T E D
Peru Project Overview – Tumi – 100% Owned
Previously identified 400x400m outcropping mineralised breccia
New magnetic anomaly under cover NE of the outcropping breccia
? Magnetics completed in Jan 2014 have identified a substantial magnetic anomaly under cover and proven the potential of the two main Tumi breccia outcrops at depth up to 400m
? New anomaly is located 150m from outcropping Au/Ag/Cu/Mo breccia mapped and sampled in detail in 2013. 4 additional outcropping breccia identified – one with visible Cu and Au.
? 3D modelling completed by mid Jan 2014 verifies the anomaly is associated with the Tumi breccia and others. ? RC drill rig being mobilized to site in March 2014 for initial 5,000m program. ? Diamond drilling planned to test deeper targets in 2Q14.
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