Edw fact sheet_march_2013
- 1. TSX-V: EXPLORATION LTD. SHARE STRUCTURE OVERVIEW March 2013 dgewater Exploration is a Canadian-based mineral development and exploration company with advanced stage gold assets in Galicia, Spain and Ghana West Africa. Issued & Outstanding 88,794,437 Edgewater is aggressively advancing the 100% owned Corcoesto Gold Project (”Corcoesto”) in Warrants ($1.10 Jun. 2013) 6,515,000 Galician northwest Spain. Warrants ($1.40 Sept/Oct. 2013) 7,806,500 The Corcoesto Gold Project has a NI 43-101 resource estimate and Preliminary Economic Warrants ($0.50 Sept 2013) 2,436,250 Assessment completed Nov 2011. 2013 is set to be a very significant year for Edgewater and the Options 7,335,000 advancement of the Corcoesto Gold Project. The company plans to publish a new resource estimate during Q2, a final feasibility study Q3 and with an experienced mine Fully Diluted 118,913,907 building team Edgewater is very optimistic about the year ahead. Cash $5,000,000 December 2012, the Ministry of Environment Approved the Corcoesto Gold Management/Insiders 14% Project’s Environmental Impact Statement . The EIS represents the final step in the Kinross Gold Corporation 4% environmental permitting process to advance the Corcoesto Gold Project onto construction. This If Edgewater delineates a NI 43-101 compliant resource of 3Moz of gold in the Measured and Indicated category on the Enchi Project Red Back can exercise an additional 2.5M approval is a significant milestone for Edgewater and its shareholders, taking the Company one warrants at 0.50 and 2.5M warrants at 1.00 step closer to developing a new open pit gold mine in the autonomous region of Galicia. Galicia is an autonomous region within Spain and therefore permitting is assessed at the state and MANAGEMENT municipal levels. George Salamis, President & CEO, Director Edward Farrauto, CGA, CFO John Thomas, Ph. D, P. Eng, Chief Operating Officer 2011 Preliminary Economic Assessment - Highlights* Greg Smith, P. Geo, Vice President Exploration Ryan King, B.Com, Vice President, Director Average Annual Gold Production 102,000/oz Average Annual Net Revenue (US$) 60 M Life of Mine Net Present Value (NPV US$ 5%) 206 M Blayne Johnson, Director Pre-Tax Internal Rate of Return (IRR%) 24 Doug Forster, M.Sc., P.Geo, Director Pre-Tax Payback (years) 3.4 Danny Lee, CA, Director Initial Open pit and underground capital cost (US$) 135 M Michael Vint B.Sc., P. Eng., Director Average Annual Cost (US$/oz) 713 CAPITAL MARKET ADVISORS Combined open pit and underground mine life 9.9 Doug Forster, President, Featherstone Capital Pre-Tax Sensitivity Model Blayne Johnson, Chairman, Featherstone Capital (Base Case) Gold US$/oz 1,300 1,500 1,700 NPV 5% 206 M 340 M 475 M CORPORATE CONTACT Years 3.4 2.5 1.9 Payback Ryan King, Vice President IRR % 24 34 43 604-628-1012 | info@edgewaterx.com *Preliminary Economic Assessment NI43-101 Compliant 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 preliminary assessment will be realized www.edgewaterx.com | Feb. 2013
- 2. E N C H I G OL D P R O J E C T TSX-V: Gh a n a, W e s t A fr ic a OTCQX: EDWZF Edgewater and Kinross Gold have a definitive joint venture on the the Enchi Gold Project in Ghana, West Africa. Enchi is located 70 km southwest of Kinross’ Chirano Gold Mine and 120 km southwest of the Bibiani Mine (+2 million oz). Enchi and both of the multi-million ounce mines follow the prolific Bibiani Fault which is host to the gold mineralization. Enchi stretches over a 40 Km strike length of the Bibiani Fault with the total land package covering +560 square km area. May 2012 Edgewater announced an initial inferred resource estimate of 749,000 ounces of gold grading 1.13g/t using a 0.70g/t cut-off. Additional exploration is underway Project Highlights Road accessible and logistically easy Kinross’ Chirano Gold Mine is comprised of 14 open pit gold deposits covering 9 km of the Bibiani Shear Zone Enchi covers 40km of the Bibiani Shear Zone Enchi’s total land package is 568km 2 Project Highlight - 2012 In May 2012 Edgewater announced the first mineral resource estimate, all zones are open in all directions Enchi Mineral Resource Summary* Cutoff Grade Contained (Au g/t) Zone Tonnes (Au g/t) Gold (ounces) 0.70 Boin 9,551,000 1.20 369,600 0.70 0.70 Nyam Sewum 3,633,000 7,443,000 1.06 1.07 123,700 255,750 Corcoesto Gold Project Galicia, Spain Total 20,627,000 1.13 749,000 Project Highlights Edgewater flew a VTEM airborne survey and Identified a number of new targets to be followed up Corcoesto is an advanced-stage gold deposit in northwest Spain 2011 NI 43-101 positive Preliminary Economic Assessment completed CORPORATE CONTACT Micon International to completed a definitive feasibility study Ryan King, Vice President 2011 NI 43-101 Resource Estimate defined M&I 325,000 and Inferrred 1,149,000 oz of gold 604-628-1012 Potential to expand resources, updated NI 43-101 resource during Q1 2013 Environmental Impact Assessment has been filed with the Galician government Ministry of Environment Approved EIS Q4, 2012 Excellent infrastructure, roads and available power Corcoesto Mineral Resource Summary * Up to $120 Million Debt MLA Agreement with Barclays Resource Class Cutoff Tonnes g/t Gold Contained Gold Capital and Credit Suisse (g/t Au) (x1000) (x1000 oz) Measured 0.65 3,899 1.76 217 Indicated 0.65 1,823 1.67 98 Measured + Indicated 0.65 5,783 1.74 325 Inferred www.edgewaterx.com | Feb. 2013 0.65/2.0 20,265 1.67 1,149 *Mineral resources that are not mineral reserves do not have economic viability. Further details can be found at www.edgewaterx.com