Imperial Mine Exploration Target 2023 slide image

Imperial Mine Exploration Target 2023

THE MINING CYCLE - RISK REWARD The Lifecycle of a Mineral Discovery Risks Funding risk Technical risk HIGH VALUE Exploration risk Discovery There is a tipping point in exploration when drilling amounts to a real mineral discovery and excitement is at its peak. We are in this Phase Speculation Initial drill results provide some insight as to what truly lays beneath but more work is necessary to define a mineable deposit. Early speculators buy into the project. This is most likely the time when people outside of the mining industry hear of a new discovery while early speculators are looking to cash in. LOW VALUE Life Cycle Digging In Junior exploration companies are typically the first on the ground proving a geology concept with surface exploration. Orphan Period After initial excitement, proven discoveries require large amounts of capital for construction-but are not yet receiving cash flows from an operating mine. Operating Mine The mine is now open, and the company can extract ore and generate cash flow. Risks still remain, such as commodity price and management risk. Institutional/Strategic Investment This is the point when experienced mine developers and financiers invest directly to develop the project into an operating mine. 4-5 years 1-2 years 2-3 years 2 years 1 years HH HH Timeline H Concept Pre-discovery Discovery Feasibility Development Startup SOURCE: JUNIOR STOCK REVIEW TSX.V: GZD | OTCQB: GZDIF | FWB: G6H Depletion 6
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