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Minera Alamos Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 402 – 55 York Street
Toronto, ON
Canada M5J 1R7
Tel No.: 416-306-0990
Fax No.: 888-437-3521
Web Site: www.mineraalamos.com
E-mail: info@mineraalamos.com
Contact Person: Victoria Vargas
Position: VP Investor Relations


Company Data

Traded Market: TSX-V | OTCQX
Traded Symbol: MAI | MAIFF
Outstanding Shares: 441 million
Public Float: ~200 million
52 Week High: $ 0.78
52 Week Low: $ 0.48
Present Price: Click Here


Introduction

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Minera Alamos is a gold development company poised to join the ranks of gold producers in 2021. The Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach gold mine in Sonora, which is expected to have its first gold production approximately mid-2021. The newly acquired 100%-owned Cerro de Oro oxide gold project in northern Zacatecas, which is expected to be the Company's second gold mine. Finally, the 100%-owned La Fortuna open pit gold project in Durango has an extremely robust and positive preliminary economic assessment (PEA) completed and the main Federal permits in hand. Minera Alamos is built around its operating team that together brought 3 mines into production in Mexico over the last 13 years.

The Company's strategy is to develop very low CAPEX assets while expanding the projects' resources and continuing to pursue complementary strategic acquisitions.


MEXICAN GOLD MINE DEVELOPMENT PROJECT PIPELINE

Santana Mine, Sonora State

Location / Infrastructure

  • Easily accessible by paved highway
  • 50 km SW of Alamos Gold's 3 Moz Mulatos Gold Mine

Mine Plan / Stage

  • Rapid low-cost construction (built in ~1 year at a cost of ~US$10 million)
  • Test mining in 2017-18 saw ~50,000 tonnes mined with excellent recoveries; Recovered gold grade +0.67 g/t
  • Plant commissioning complete and on track for start of gold recovery (See news release dated July 21, 2021)
  • First gold production anticipated in Q3 2021

Exploration Upside

  • More than 30,000 m of drilling to date; multiple high-priority exploration targets (additional pipes) identified across the property; All pipes appear to be gold-bearing
  • Phase 3 drilling (approximately 6,000m to 7,500m) ongoing. Initial focus final pit optimization work; thereafter discovery driven drilling of other pipes within the cluster identified on the property

Cerro De Oro Project, Zacatecas State

Location / Infrastructure

  • Accessible by paved highway
  • 25 km N of Newmont's 8 Moz Au/471 Moz Ag Peñasquito Mine

Mine Plan / Stage

  • Near-term development opportunity; extensive metallurgical studies already completed; simple open pit heap leach envisioned
  • Over 70 holes drilled to date defining a broad disseminated gold system within two zones; Good metallurgy reported
  • Development activities including permit applications expected in Q3 2021

Exploration Upside

  • Maiden Resource of 640,000 oz of oxide gold (48 million tonnes @ 0.41 g/t gold)
  • Open in multiple directions and at depth with the current resource demonstrating a very low strip ratio
  • Expansion and metallurgical drilling planned for 2021

La Fortuna Project, Durango State

Location / Infrastructure

  • Easily accessible via a 100 km road from Culiacan, the Capital of Sinaloa State
  • State authorities are extending a 2-lane upgraded paved highway to the project including grid power

Mine Plan / Stage

  • PEA contemplates a simple open-pit mine with initial 40-50K oz Au annual production and a low CAPEX start-up (AISC sub $500/oz)
  • Major mill components procured and ready for shipment to site
  • Permits in place to allow a future construction decision
  • 12-month build – mine scheduling to follow successful construction of Santana and Cerro de Oro

Exploration Upside

  • Multiple zones of “La Fortuna-style” mineralization identified
  • Some alteration zones (e.g. PN Prospects area) are significantly greater in scale than those present at La Fortuna
  • No systematic exploration since 2008/9

Growth Model Path to Intermediate Production

1st: Santana Project

  • Low CAPEX build supported by royalty
  • Construction completed
  • First gold production anticipated in Q3 2021

2nd: Cerro De Oro Project

  • Low CAPEX Build
  • Permitting 2H 2021
  • Construction could begin as early as Q1/Q2 2022

3rd: Potential Santana Project Expansion

  • Exploration driven expansion potential derived and dependent on ongoing drilling activities

4th: La Fortuna Project

  • Low CAPEX Build supported by royalty and internal financial resources
  • Expand resource from operations
  • Construction 2023 potentially in production in 2024

5th: Acquire 4th Asset

  • Targeting +/- 700K quality ounces
  • Low CAPEX
  • Large land package
  • Significant Exploration Upside

Investment Highlights

Proven Builders

  • Heap leach mining expertise
  • Ability to expedite projects and minimize initial CAPEX
  • Placed three mines into production in 13 years

Upcoming Producers

  • 1st mine under construction
  • 2nd project entering detailed engineering and
  • 3rd permitting project permits in place ready for construction decision

Minimized Risks

  • Fully funded for construction
  • Strong institutional and corporate ownership
  • Mexico among the most favoured mining jurisdictions
  • 100%-owned assets in prolific mining districts

Growth Potential

  • Multi-mine strategy
  • Targeting complementary advanced projects
  • Investigating significant exploration upside


Management

Management and Directors

Darren Koningen, P.Eng., Chief Executive Officer& Director

Over 25 years of engineering/metallurgical experience and led the development of Castle Gold's El Castillo project prior to its sale to Argonaut

Designed, constructed, commissioned and operated two gold heap leach operations in Mexico under budget and on time

Doug Ramshaw, B.Sc., President & Director

Over 25 years of experience the mineral resource sector as a former mining analyst and senior executive of several exploration companies with focus on mineral project evaluation, M&A and business development strategies supporting corporate growth

Director of Great Bear Resource

Janet O'Donnell, Chief Financial Officer

A career accounting professional with over 25 years of financial management experience largely within the mining sector

Former CFO of Castle Gold Corporation

Most recently she was the CFO of Gowest Gold

Federico Alvarez, M.Eng., Chief Operating Officer

Over 30 years experience within academia, government and the mining industry, primarily in Mexico

Past VP Operations for Argonaut Gold and Castle Gold at the El Castillo gold mine in Durango; and for 10 years was Director of Mining Affairs for the State of Guanajuato

Chris Sharpe, P.Eng., Vice President of Project Development

Over 15 years of experience in mine planning, open pit geotechnical studies and financial modeling, 5 of which at Centerra Gold, where he started as Senior Mining Engineer and more recently Director, Projects & Technical Services

Former VP Engineering at Aurvista Gold and Senior Engineer at AuRico Gold

Carolina Salas, M.Sc., Vice President of Technical Services

Over 15 years of experience in design/ construction, operation, metallurgy and maintenance at various project sites throughout Mexico, 6 years were working at Peñoles.

Oversaw all gold processing and recovery facilities at the Lluvia de Oro gold heap leach project in Sonora

Miguel Cardona, Vice President of Exploration

Over 20 years experience as a geological engineer in mineral exploration and underground and open pit mining operations

Led the 3x increase of El Castillo's gold resource for Castle Gold from 400 Koz to 1.2 Moz

Victoria Vargas, MBA, Vice President of Investor Relations

Over 18 years of experience in the mining sector, she started her career at Kinross Gold Corporation and joined Alamos Gold Inc. in 2004 and led the effort to increase investor exposure and positively upgrade the company from the TSX Venture to the TSX.

Bruce Durham, P.Geo., Independent Director

Over 40 years of experience in the mining and exploration industry and was a member/leader of various exploration teams credited with the discovery of several mines in the Hemlo and Timmins areas

President and CEO of Nevada Zinc Corporation

Ruben Padilla, P.Geo., Independent Director

Over 25 years of diverse mining and exploration experience focused on the Americas

Chief Geologist of Talisker Exploration Services Inc.

Kevin Small, P.Eng., Independent Director

Over 30 years of experience in the mining industry as an operations leader to numerous mine operations and start-up projects.

President and CEO of Jerritt Canyon Gold (100% owned by Sprott Mining Inc.)


News Update

On July 28, 2021, Minera Alamos Inc. announced passing of CFO Chris Chadder; Appointment of Janet O'Donnell as new CFO.

On July 21, 2021, Minera Alamos Inc. provided an operational update for the Santana gold mine in Mexico. Plant commissioning complete and on track for start of gold recovery this month.

The commissioning work at the Santana mine continues to proceed according to schedule with the gold recovery plant tested thoroughly and operational. This has occurred despite the significant rain fall covering southern Sonora in the first half of July. All required plant electrical infrastructure is now in place and operational. In addition, improvements to areas of critical site drainage have been implemented which will be positive for future operations.


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