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COMPANY OVERVIEW
AGB (TSX-V)
Atlantic Gold Corporation (formerly Spur
Ventures Inc.) is a well-financed,
growth-oriented gold development group
with a long term strategy to create a
mid-tier gold production group focused on
manageable, executable projects in
mining-friendly jurisdictions. Its board and
management team, with extensive
experience in geology, mining and mine
development, process and metallurgy and
project financing, is currently focused on
the development of its project portfolio of
advanced gold development properties
located in Nova Scotia, Canada.
APRIL 2015
MOOSE RIVER CONSOLIDATED (“MRC”) PROJECT –
ROBUST ECONOMICS IN A MINING FRIENDLY JURISDICTION
In the fall of 2014, Atlantic Gold Corporation released a Preliminary Economic Analysis
("PEA") in respect of the Company's Nova Scotia projects.
The PEA analyzes two potential open-pit production scenarios over a minimum 8 year
mine life:
1. MRC (formerly the “Base Case”) – assumes initial production from the Company's
fully-permitted Touquoy project, and the recently acquired Beaver Dam project,
located approximately 25 km from Touquoy, for total life of mine production of
702,000 ounces of gold at an average grade of 1.55 g/t
2. MRC Plus Cochrane Case (formerly the “Base Plus Cochrane Case”) - includes the
addition of gravity and float concentrate production from the Company's Cochrane
Hill mine in year 3 of production, processed into doré at the Company’s Touquoy
facility for a total life of mine production of 1,129,000 ounces of gold at an average
grade of 1.62 g/t
PEA HIGHLIGHTS*
Canadian dollars unless otherwise indicated (assuming 1CND $ = $0.90 US$):
Gold price: US $1,300/oz
MRC
(formerly the
“Base Case”)
MRC Plus Cochrane Case
(formerly the “Base Plus
Cochrane Case”)
Pre-tax NPV (5%)
Post-tax NPV (5%)
Pre-tax IRR
Post-tax IRR
Post-tax Payback
$233 million
$163 million
39.6%
33.5%
1.7 years
$354 million
$242 million
38.0%
31.5%
3.3 years
Initial capital cost
Capital Cost Cochrane Hill (Yr 2)
LOM cash operating cost
LOM all-in sustaining cost
$131 million
N/A
$576/oz
$653/oz
$131 million
$108 million
$612/oz
$684/oz
Total LOM Au production
Average annual production
LOM strip ratio
702,000 oz's
87,700 oz's
3.44
1,129,000 oz's
141,000 oz's
4.45
1.55 g/t
1.62 g/t
Average grade
Vancouver Office
3083-595 Burrard Street | Vancouver, BC V7X 1L3, Canada
Tel: +1 (604) 689-5564
Fax: +1 (604) 566-9050
MANAGEMENT
Steven Dean | Chairman and CEO
John Morgan | President and COO
Chris Batalha | CFO and Corporate Secretary
BOARD OF DIRECTORS
Steven Dean | Chairman and CEO
John Morgan | President and COO
Robert Atkinson | Director
Wally Bucknell | Director
William Armstrong | Director
David Black | Director
Donald Siemens | Director
Share Structure (March, 2015)
Symbol: AGB (TSX-V)
Current Share Price : c$0.25
Common Shares outstanding: 113.6 million
Warrants Outstanding: 23.1 million
Options Outstanding: 11.1 million
Fully diluted: 147.8 million
Cash Position: c$18.3m at Dec 31, 2014
*NOTES ON PRELIMINARY ECONOMIC ASSESSMENT
The PEA is preliminary in nature and includes inferred mineral
resources that are considered too speculative geologically to have
the economic considerations applied to them that would enable
them to be categorized as mineral reserves, and there is no
certainty that the conclusions in the PEA will be realized or that any
of the resources will ever be upgraded to reserves. Mineral
Resources that are not Mineral Reserves do not have demonstrated economic viability. The independent qualified persons responsible for preparing the Preliminary Economic Assessment are: Neil
Schofield MS – Applied Earth Sciences, MAusIMM, MAIG, and Marc
Schulte, P.Eng. of MMTS,and John Thomas, P.Eng. of JAT
Metconsult Ltd., all of whom act as independent consultants to the
Company, are Qualified Persons as defined by National Instrument
43-101 ("NI 43-101") and have reviewed and approved the
contents of this presentation.
ATLANTICGOLDCORPORATION.COM
P R I N C E E D WA R D I S L A N D
RESOURCE ESTIMATES – NOVA SCOTIA***
C H A R LOT T E TOW N
Tonnes (m)
NEW BRUNSWICK
NOVA SCOTIA
TURO
SHERBROOKE
B AY O F F U N DY
MIDDLE MUSQUODOBOIT
COCHRANE
HILL
SHEET
HARBOUR
H A L I FA X
FIFTEEN-MILE
STREAM
BEAVER DAM
TOUQUOY
Grade (g/t) Gold (oz)
TOUQUOY *
Measured & Indicated
Inferred
10.1
1.6
1.5
1.5
480,000
77,000
BEAVER DAM *
Measured & Indicated
Inferred
9.3
1.8
1.4
1.4
427,000
81,000
COCHRANE HILL*
Measured & Indicated
Inferred
4.5
5.6
1.8
1.6
252,000
298,000
15 MILE STREAM*
Inferred
11.7
1.6
584,000
Total Measured & Indicated
Total Inferred
23.9
20.7
1.5
1.6
1,159,000**
1,040,000
Scale: 50 km
NEW LOOK AT ATLANTIC’S HISTORIC GOLDFIELDS
TOUQUOY
All major permits in place
Excellent metallurgy (94% Au
recovery), no acid rock drainage
and low strip ratio (approx. 2.5:1)
Excellent infrastructure in place,
limited upgrades needed, proximal
to Halifax
MOU signed with the Assembly of
Nova Scotia Mi’kmaq Chiefs in
respect of Nova Scotia deposits
63.5% effective ownership
interest, alongside privately held
partner; AGB is project operator
and manager and recovers all
operational, overhead, financing
and sunk costs prior to any
distributions to partner
BEAVER DAM
COCHRANE HILL
FIFTEEN MILE STREAM (FMS)
Advanced-stage high grade open
pittable development project ,
located 25 km from Touquoy
High grade open pittable
development project located
~80km from Touquoy
High grade open pittable
development project located
~57km by road from Touquoy
100% owned by Atlantic – PEA
complete
100% owned by Atlantic – PEA
complete
100% owned by Atlantic
>27,000m of drilling completed to
date
>15,000m of drilling completed to
date
Drilling recently completed to
upgrade resource classification to
measured and indicated in initial
pit area.
Future drilling will explore
expansion of mineralized zone
along strike and down dip
Environmental permitting process
in progress
>30,000m of drilling completed to
date
Future drilling will explore
expansion of mineralized zone
along strike and down dip
Base line environmental work in
progress as the basis for obtaining
environmental approval
Future drilling will explore
expansion of mineralized zone and
other prospective occurrences
Area previously mined
NEWS CATALYSTS
Feasibility Study on MRC case – target completion mid-2015
Advanced discussions underway in respect of project financing in parallel with the completion of the Feasibility Study
Continued progress on environmental permitting at Beaver Dam and Cochrane Hill
NI 43-101 QUALIFIED PERSON - Neil Schofield, MS Applied Earth Sciences, MAusIMM, MAIG, a Qualified Person as defined by NI 43-101, has reviewed and is responsible for the technical information
contained in this presentation, other than in respect of the Fifteen Mile Stream deposit (see below).
*The Mineral Resources estimates relates to the Touquoy, Cochrane Hill, Beaver Dam, and Fifteen Mile Stream deposits summarized in this presentation and are based on the following key
parameters: (1) There are two main styles of gold mineralization, which are reflected in the geological domaining used in the resource modeling; (2) Drill hole sampling has provided a reasonably
representative set of samples of the gold mineralization, (3) Multiple Indicator Kriging is an appropriate method for estimating the Mineral Resources in these deposits. Mineral Resources that are not
mineral reserves do not have demonstrated economic viability.
** Adjusted for Rounding.
***The Touquoy Mineral Resource estimates presented herein are based on a National Instrument 43-101 technical report entitled "Mineral Resource Estimate for The Touquoy Gold Project, Halifax
County, Nova Scotia, Canada" dated August 1, 2014 which has been prepared in respect of the Touquoy Gold Project by FSS International Consultants (Aust) Pty. Ltd. (“FSSI”) of Beecroft, NSW, Australia.
The Cochrane Hill Mineral Resource estimates are based on a National Instrument 43-101 technical report entitled "Technical Report of the Cochrane Hill Gold Project, Nova Scotia" dated August 1,
2014 which has been prepared in respect of the Cochrane Hill Gold Project by FSS International Consultants (Aust) Pty. Ltd. (“FSSI”) of Beecroft, NSW, Australia. The aforementioned reports are
available for review on the Company’s website and on SEDAR (www.sedar.com). The Fifteen Mile Stream Mineral Resource estimates presented herein are based on a National Instrument 43-101
technical report entitled "Technical Report of the Fifteen Mile Stream Gold Project, Halifax County, Nova Scotia, Canada" dated February 18, 2015 which has been prepared in respect of the Fifteen Mile
Stream Gold Deposit by FSS International Consultants (Aust) Pty. Ltd. (“FSSI”) of Beecroft, NSW, Australia. The Beaver Dam Mineral Resources are the current resource estimates in accordance with
the current Canadian Institute of Mining, Metallurgy and Petroleum Resources (CIM) Definition Standards on Mineral Resources and Mineral Reserves as required by NI 43-101 - Standards of
Disclosure for Mineral Projects. A Qualified Person has done sufficient work to classify these resources estimates to current mineral resources prepared in accordance with NI 43-101.