Corporate Presentation
May 17, 2018
Corporate Presentation May 17, 2018 Legal Disclaimer This - - PowerPoint PPT Presentation
Corporate Presentation May 17, 2018 Legal Disclaimer This presentation contains, or incorporates by reference, forward -looking information within the meaning of applicable Canadian securities legislation. Forward-looking information may
May 17, 2018
1 Private & Confidential. This presentation contains, or incorporates by reference, “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, statements with respect to the future performance of Fura Gems Inc. (“Fura” or the “Company”), Fura’s mineral properties, the future price of emeralds, rubies and other gemstones, the estimation of mineral resources and mineral reserves, results of exploration activities and studies, the realization of mineral resource estimates, exploration activities, costs and timing of the development of new deposits, the acquisition of additional mineral resources, the results of future exploration and drilling, costs and timing of future exploration of the mineral projects, requirements for additional capital, management’s skill and knowledge with respect to the exploration and development of mining properties, government regulation of mining operations and exploration operations, timing and receipt of approvals and licences under mineral legislation, the Company’s local partners, and environmental risks and title disputes. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Fura to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks associated with the Company’s dependence on the mineral projects; general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; risks associated with dependence on key members of management; conclusions of economic evaluations and studies; currency fluctuations; future prices of emeralds, rubies and other gemstones; uncertainty in the estimation of mineral resources, exploration and development risks; infrastructure risks; inflation risks; defects and adverse claims in the title to the projects; accidents, political instability, insurrection or war; labour and employment risks; changes in government regulations and policies, including laws governing development, production, taxes, royalty payments, labour standards and occupational health, safety, toxic substances, resource exploitation and other matters; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; insufficient insurance coverage; the risk that dividends may never be declared; and liquidity and financing risks related to the global economic crisis. Such forward-looking statements are based on a number of material factors and assumptions, including: that contracted parties provide goods and/or services on the agreed timeframes; that on-going contractual negotiations will be successful and progress and/or be completed in a timely manner; that no unusual geological or technical problems occur; that plant and equipment work as anticipated and that there is no material adverse change in the price of emeralds and
statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward looking statements contained herein are made as of the date of this presentation. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements due to the inherent uncertainty therein. Ricardo A. Valls, M.Sc., P.Geo., of Valls Geoconsultant, Toronto, Ontario, a Qualified Person as defined by National Instrument 43-101, has reviewed the scientific and technical informationdisclosed in this presentation.
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0.5 2.0 4.5 13.0 0.0 15.0
Other Coloured Gemstones 10 20 30 40
De Beers ALROSA Sodium Dominion Rio Tinto Petra Informal Others
Sale: % Value by Producer (source : De Beers ‘The Diamond Insight Report 2017) 23 45 68 90 113 Gemfi fields ds Govt
Sector % By Company (source : Gemfields annual accounts for 2016 revenue
*Source: https://resourcegovernance.org/sites/default/files/documents/governing-the-gemstone_sector-lessons-from-global-experience.pdf
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Dev Shetty – President and Chief Executive Officer Former COO of Gemfields Plc where he played a significant role in the turnaround of the company and in developing Gemfields' mine and market strategy. Helped develop the world's largest producing Emerald mine in Zambia and the largest ruby deposit in the world through a Greenfield project in Mozambique. Responsible for initiating Gemfields' entry in to the Colombian and Ethiopian emerald Ashim Roy – Vice President, Operations Former General Manager for the Montepuez ruby mine in Mozambique Head of Geology and Exploration at the Kagem emerald mine in Zambia Responsible for developing the greenfield ruby project, Montepuez ruby mine, believed to be one of the largest ruby deposits in the world. Ryan Ptolemy - Chief Financial Officer Experienced CFO for public and private mining sector companies listed on the TSX and TSX venture exchange within the Forbes and Manhattan group. Certified Public Accountant and Certified Financial Analyst charter holder. Tarun Malkani – Business Advisor and Director (India) Formerly held senior management positions in a variety of functional areas with Rio Tinto, Alcan, Eastman Chemicals, Monsanto, Bayer. A decade of experience in metals and mining and was the Chief Operating Officer for Rio Tinto's Bunder diamond project. Chemical engineer with Masters in Business Administration Damien Lopez - Legal Counsel Corporate securities lawyer and legal consultant to various Toronto Stock Exchange and TSX Venture Exchange listed companies within the Forbes and Manhattan group. Juris Doctor from Osgoode Hall Law School, Toronto and a director of the Canadian Hispanic Bar Association Rupak Sen – Vice President, Marketing & Sales Former Acting Global Marketing & Polished Sales Director of Gemfields. Was also the Marketing & Polished Sales Director for Asia. Responsibility included advertising, PR, research, sponsorships, education & training and co marketing Prior to Gemfields worked with De Beers and The Swatch group Over 20 years experience in the jewellery and watch industry
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Mozambican Rubies
FURA Gems Inc has acquired mines in
Colombian Emeralds Mozambique Metric Colombia Montepuez District Location Boyaca Department Open Pit Mine Type Underground Ruby & Corundum Product Emerald 394.24 sq.km Area 47 Hectares 14 Grade (CPT) 1.5 Producing within 12 months Production Timeframe Production Ramp Up within 12 Months $25M (2YR) Capex/Opex $20M $0.3M Acquisition Cost $10M
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La Pita Cunas Totumos Espanola
Muzo Quipama La Victoria Polveros
Guinness emerald with 1759 carats
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AFTER – Mine Entrance Revamped AFTER – Start of the day Briefing AFTER – Safety Training AFTER – Employment Formalisation
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Procurement
boxes, roof bolts Economic alternatives
Education
Culture, recreation and sports
Economic alternatives
Education
Health
Culture, recreation and sports
Economic alternatives
cane Education
Infrastructure
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Classi sification: Red gem variety of Corundum (AL2O3) Uni nique uefeatures: Hardness: 9 on mohs scale (diamond 10) Rarity: Large transparent rubies even rare than diamonds of same size and comparable quality Formation
A corundum is formed when solutions rich in Alumina (AL2O3) intrudes a host rock rich in chromium (Cr),iron (Fe) and vanadium (V) Chromium is the colour agent and the amount of chromium present determines how intense the red is Primary deposits mining involves mining rubies from the host rocks (amphibolite) where they are formed. Secondary deposits are made up of gem crystals separated from host rocks. These are classified by the way they been transported (e.g.. deposits carried by river are called placers/alluvial) or the place of deposit.
High quality Low volume carat/ton)
Low quality High volume carat/ton)
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Regional Map on SRTM Digital Elevation Model Borehole intersected with primary and secondary mineralization
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P-1 P-2 P-3
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B-1 B-2 B-3
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Quick Camp Set-up Monitoring of Exploration with Expert Geologists Quick mobilization of Rig Quick mobilization of Bushman Jig Sorting and Quality Gemology Report
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CONTACT DCONTACT INFORMATION Dev Shetty President and Chief Executive Officer dev.shetty@furagems.com +971- 50 187 2487 Dubai Fura Services DMCC, 26J Almas Tower, Jumeirah Lake Towers, Dubai, UAE Canada Fura Gems Inc, 65 Queen Street West, Unit 800, Toronto, Ontario - M5H 2M5, Canada www.furagems.com