Gold in Ground and Near-Term Production Plan 43-101 Resources Over 3.3m Gold
Gold in Ground and Near-Term Production Plan 43-101 Resources Over 3.3m Gold
Gold in Ground and Near-Term Production Plan 43-101 Resources Over 3.3m Gold
East Asia Minerals Corporation (TSX-V: EAS) • EAS to fund all exploration costs up to BFS, thereafter
is a Canadian publicly listed mineral resource pro-rata or dilution to 7% of net profit
• IUP’s were introduced in 2009: Exploration IUP is 8
exploration company focused on developing
years with extensions, Operations IUP is 20 years with 2
producing precious metals projects in Indonesia. x 10 year extensions, production royalty of 3.75%, 25%
corporate tax rate, requirement to divest up
East Asia is managed by professionals with
to 51% over 10 year period
extensive international experience in the after commencing production
mineral exploration and mining industry. The • Resource Model (NI 43-101,
A Unique team’s skills and experience encompass all I. Taylor, 2011) defined an
Investment aspects, ranging from project generation and Inferred Resource containing
early-stage exploration to feasibility studies 3.14Moz Au and 8.95Moz Ag
Opportunity with exploration upside
and mine development – supplemented by a
In Precious deep knowledge of mineral potential in East Asia. Sangihe Gold Project Overview
Metals and East Asia Minerals Highlights
This project has near-term, low cost
production potential:
Gold Over 3.3 million ounces of NI 43-101 gold resource: • Indicated & Inferred
• Miwah with 3,140,000 oz Au, open on along strike, Resources of 266,000 Au
across width and at depth, in Protected Forest Reserve (NI43-101 2017) equivalent
• Sangihe with 266,000 oz Au including near surface ounces at Bowone and
oxides for near-term production cash flow Binebase, located on Sangihe
• Strong management team with Indonesia expertise living Island, North Sulawesi
in-country to focus full time on building the company’s • Own 70% of COW valid until 30 years after the start of
resources. production – License estimated to be valid until 2049
• Attractive valuation and strong shareholder base • Increase Resources and Reserves through infill drilling
including Tocqueville Gold Fund as anchor shareholder. program planned in 2019 for the Binebase – Bowne
Indonesia – 10th Largest Producer of Gold Worldwide corridor to bring much of the 800,000 (NI43-101 2010)
The country is a stable multi-party democracy with: Resource from Inferred to Indicated and Measured.
• World-class gold deposits, including Grasberg the • After receiving Production License Upgrade of COW
world’s largest gold deposit company plans to commence production of 1,000 oz
• Improving climate for gold mining attracting renewed per month in 2019 via heap leach of oxides.
exploration activity and investment
• Martabe Mine in Sumatra bought for Location of Miwah and Sangihe projects in Indonesia
US$775 million from G-Resources
March 2016 by EMR Capital (61.4%),
Farallon Capital (20.6%), and two
Indonesian Investors (18%)
Miwah Gold Project Overview
This project has a 3.14 Moz resource with
exploration upside:
• 85% ownership interest through agreements
with three IUP holders on 30,000 hectares
located 130 km southeast of Banda Aceh
on Sumatra, key asset in Protected Forest
TSX-V: EAS
www.eastasiaminerals.com
Miwah Gold Project – Mineral Resource Summary – Resource open along strike, across width and at depth.
Sangihe Gold Project – Mineral Resource Summary – Resource open along strike, across width and at depth.