Repurposing Waste Rock TSX:ANX
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Repurposing Waste Rock TSX:ANX Supplied ~3M tonnes of mine waste rock as construction aggregates product to project in South Carolina (Sept 2016 to Nov 2017) Consortium involving Anaconda, Shoreline Aggregates and Phoenix Bulk Carriers Environmentally friendly project Anaconda generated ~$2 million in gross revenue; no capital required Has approximately 3M to 4M more tonnes of broken waste rock still available 2+ million tonnes of mill tailings R&D project with the College of the North Atlantic to use tailings as a mineral fertilizer (Rock Dust) Also known as rock powder, rock minerals, rock flour, contains minerals and trace elements widely used in organic farming Ability to potentially decommission tailings facilities and generate economic return 23 From the ground up Compared to conventional products TSX:ANX Production of conventional (NPK) fertilizer requires; . 51-68 Megajoules/kg nitrogen (N) 19 . 6.82 Megajoules /kg phosphorous 19 . 2.88 Megajoules /kg potassium 19 Packaging and transport of conventional fertilizer is about 6-8 MJ/kg.20 Research has shown that Rockdust can aid moisture retention The Anaconda Mining Inc. material is a By-Product of the gold extraction (Zero energy cost for production) Tailings & Soil 19Bhat et al. 1994, 20Mudahar and Hignett 1987, 21Lobb 1989, NPK & Soil 24 From the ground up Narrow Vein Mining R&D Project TSX:ANX Project FIP – Mining ore veins using a multi-pass drilling system • Fragmentation in Place (“FIP”) – Innovative New Mining Method of pilot hole drilling and hole widening techniques. • In conjunction with Memorial University of Newfoundland • $3.5 million research project • ACOA - $1.5 million • RDC - $500K • IRAP - $50K • Anaconda retains IP ownership Advantages • Most of the excavation in ore – accelerated cash flow • Minimal waste development • Remotely operated equipment • Sustainable and green 25 From the ground up 6 TSX:ANX Wrap-up and Question Period From the ground up TSX:ANX Appendices Technical References TSX:ANX References with an asterisk (*) are footnotes and provided on the same slide. The numbered references below apply throughout this presentation. † - Grams per tonne 1 - Mineral Resources are not Mineral Reserves and do not imply the economic viability of the resource. The Pine Cove Resource statement includes the Pine Cove Reserves. 2 - Pine Cove and Stog’er Tight Resources and Reserves do not include production since the December 8, 2015 3 - “NI43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Pine Cove Mine and Mineral Resource Estimate on the Stog’er Tight Deposit, Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada”. Effective Date December 8, 2015. 4 - “NI 43-101 Technical Report and Mineral Resource Estimate on the Thor Deposit, Viking Project, White Bay Area, Newfoundland and Labrador, Canada”. Effective date of August 29, 2016. 5 – Technical Report to be posted on SEDAR by March 22nd. See Press Release of January 17, 2018. 29 From the ground up Biographies TSX:ANX Dustin Angelo | President, CEO & Director Mr. Angelo has extensive operating and financial experience in the mining industry, including gold, coal and aggregates, and is a Certified Public Accountant, licensed in the United States. He has been president and CEO of Anaconda Mining, a Toronto Stock Exchange listed gold mining company, since September 2010, and has been a director since November 2009. Under his leadership, Anaconda has grown its footprint in Newfoundland, expanded its operations to Nova Scotia, cleaned up the balance sheet and built a sustainable, profitable company that is a responsible member of the community. Prior to joining the Anaconda team, Mr. Angelo served as CFO of Elgin Mining Inc. (formerly known as Phoenix Coal Inc., a TSX-listed resource company) where he was integral in the growth of the organization from a private enterprise to a publicly-listed company from August 2006 to November 2010; as vice-president of MHI Energy Partners (an energy-focussed private equity fund) from 2005 to 2006, and; as a Principal at New York City’s Waller Capital Corporation (a boutique investment bank focussed on mergers and acquisitions) from 1997 to 2005. He was also a founding member and director of North American Limestone Corporation (a private developer and operator of limestone quarries in the United States). Mr. Angelo earned a BSBA in Accounting and International Business from Georgetown University and a MBA from the Columbia Business School. Robert Dufour | CFO & Corporate Secretary Robert Dufour was appointed Chief Financial Officer of Anaconda Mining in May 2017. Mr. Dufour brings a strong track record in the mining sector with deep experience in capital markets and finance, including debt structuring, royalty arrangements and financing, as well as extensive experience with corporate governance and risk management. Most recently Mr. Dufour was Chief Financial Officer of Newmarket Gold, a TSX listed mid-tier Australian gold producer which produced over 220,000 ounces of gold. Mr. Dufour was part of the team that executed the transformational merger between Newmarket Gold and Kirkland Lake Gold, creating a new 500,000+ ounce gold producer in 2017. Prior to his appointment as Chief Financial Officer at Newmarket Gold in 2015, Mr. Dufour was Chief Financial Officer of Crocodile Gold. In 2015, Mr. Dufour also led the merger between Newmarket Gold and Crocodile Gold. Mr. Dufour joined Crocodile Gold in June 2012 as Director of Finance, and was appointed Chief Financial Officer in April 2013. Mr. Dufour is a Chartered Professional Accountant with over 12 years of finance and accounting experience. He started his career with the Toronto office of PriceWaterhouseCoopers. He later joined Northgate Minerals Corporation as Corporate Controller and subsequently was promoted to Group Financial Controller for Northgate's Australian subsidiaries, and was based out of Victoria, Australia until its acquisition by AuRico Gold. 30 From the ground up Biographies TSX:ANX Gordana Slepcev | Chief Operating Officer Gordana is the Chief Operating Officer of Anaconda Mining responsible for all current mining activities and the development of the Goldboro Project. Prior to her promotion, she was the Vice President of Technical Services and was directly responsible for overseeing the mining and geology departments at the Point Rousse Project in Newfoundland. In addition to a focus on delivering long- and short-term planning and geological support of the mining operation, she is also heavily involved in strategic planning and project expansion evaluations. With a Master’s Degree in Science and a Bachelor’s Degree in Mining Engineering from the Yugoslavia (Belgrade) Faculty of Mining and Geological Engineering, combined with more than twenty years of experience in mining base metals, coal and gold, Ms. Slepcev brings invaluable industry expertise to the project. In addition to Anaconda Mining, she has held senior roles at Labrador Iron Mines Holdings, Agrium Inc. and Western Coal Corp. Paul McNeill | Vice President, Exploration Mr. McNeill joined Anaconda in 2014 as VP Exploration. Formerly, he served as Principal Geologist with Paladin Energy Ltd. from 2011 to 2013 and Vice President – Exploration for Aurora Energy Resources Ltd. from 2009 until 2011 where he was focused on the development of the Michelin Project in Labrador, as well as working on uranium projects in Australia and a gold project in Nevada. Prior to that, Mr. McNeill was Exploration Manager for Mega Uranium Ltd. and worked as a consultant to a variety of gold and uranium exploration companies including Rubicon Minerals Inc. and Monster Copper Ltd. Mr. McNeill has an expertise in structural controls on mineralization and project development. He also has experience in managing First Nations relationships and developing a positive community relations. Mr. McNeill is a Professional Geologist registered in the Provinces of Newfoundland and Labrador and Nova Scotia, is a Member of the Board of Mining Industry NL and is President of the CIM Newfoundland and Labrador. 31 From the ground up Biographies TSX:ANX Allan Cramm | Vice President, Innovation and Development Allan Cramm is the Vice President, Innovation and Development focusing on key strategic projects to maximize the company’s assets. He also is part of the development team for new mines and operations. Prior to his promotion, Allan was the General Manager of Anaconda’s Point Rousse Project in Baie Verte, Newfoundland and Labrador. He was responsible for the overall operation of the project including permitting, construction, production and special projects. Allan has been involved in various management and supervisory roles associated with mining for the past 25 years (both open pit and underground) including Project Coordinator/General Manager of two underground mines in Newfoundland, Nugget Pond and Hammerdown, that used a central-processing facility. He has a high regard for environmental protection with some associated projects having been recognized provincially and nationally for their attention to environmental stewardship. Lynn Hammond | Vice President, Public Relations Lynn Hammond has been the Vice President Public Relations for Anaconda Mining since December 2015, responsible for media, public and government relations. Her career experience consists of senior roles in public service including Director of Communications for Newfoundland and Labrador government departments of Municipal Affairs, Fire and Emergency