Bitterroot Resources Ltd. · TSXV:BTT
Bitterroot Resources — Investor Presentation (January 2022)
18 slides from Bitterroot Resources's investor presentation, Jan 13, 2022
Slide 1: LM Property
LM Property A new Nickel-Copper-PGM discovery in the Upper Peninsula of Michigan 51% Bitterroot Resources Ltd. 49% Below Exploration Inc. January 13, 2022 Core from LM 20-01 Mr. Glenn W. Scott, CPG, is the Qualified Person responsible for the technical content of this slide presentation.
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements contained in this slide presentation may constitute forward-looking statements under securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or vari
Slide 3: Nickel Inventories in Decline
Nickel Inventories in Decline Down ~70% in 4 years Down ~60% in 9 months
Slide 4: Nickel Price - Strong Uptrend
Nickel Price - Strong Uptrend “A rampaging bull” Gary Tanashian, Editor, Notes From The Rabbit Hole www.nftrh.com 1,000 US$/tonne
Slide 5: LM Property – Location
LM Property – Location Sudbury Smelters LM Property are 600 km east via railroad Eagle Mine
Slide 6: Target Conduit-hosted Nickel-Copper-PGM
Target Conduit-hosted Nickel-Copper-PGM in massive and semi-massive sulphides
Slide 7: Nickel-Copper Deposit Valuations
Nickel-Copper Deposit Valuations Company Project Status Est. Nickel Copper Other Value Resource % % (Tonnes) (January 11, 2022) Sirius Nova- In Production 13,000,000 2.0 0.8 0.07% Co A$1.8 Billion Resources Bollinger 2021 costs= (pre- 2015 takeover by A$1.80- mining) IGO Ltd. 2.10/Lb Ni Chalice Juli
Slide 8: Regional Geology
Regional Geology Eagle Mine = Nickel-Copper-PGM Mineralized Intrusions
Slide 9: LM Property vs Eagle and Eagle East
LM Property vs Eagle and Eagle East Eagle Mine est. 2021 cash costs = US$(0.25)/lb Ni, net of credits LM Property - Postulated Erosional Level Eagle - Probable Ore Reserves 5,180,000 tonnes @ 2.9% Ni, 2.5% Cu and 1.3 g/t PGMs+Au Halo of disseminated Cu-Ni Sulphides in Peridotite around massive sulph
Slide 10: Mineralized drill intervals
Mineralized drill intervals Hole # From (m) To (m) Interval Nickel (%) Copper Au + PGM Type (m) (%) (g/tonne) LM 20-01 253.8 259.1 5.3 0.58 0.62 0.33 disseminated LM 21-07 270.07 273.0 2.93 0.78 0.83 0.25 disseminated and 273.0 273.75 0.75 5.16 1.18 0.82 semi-massive LM 21-10 260.5 262.75 2.25 0.78
Slide 11: Ni-Cu-PGM Sulphide Mineralization in LM 21-07
Ni-Cu-PGM Sulphide Mineralization in LM 21-07 Semi-Massive mineralization Rip-up Clast grades 5.16% Ni, 1.18% Cu grades 7.13% Ni, 7.91% Cu over 0.75 metres over 8 cm sample
Slide 12: Sulphides - high metal tenor CONFIRMED in LM 21-07
Sulphides - high metal tenor CONFIRMED in LM 21-07 Based on the disseminated sulphides intersected in hole LM 20-01, the grade of 100% (massive) sulphide mineralization is estimated to be; 7% nickel, 8% copper and 3-4 g/t PGMs
Slide 13: Ni-Cu-PGM Disseminated Mineralization in LM 21-10
Ni-Cu-PGM Disseminated Mineralization in LM 21-10 2.3 metres @ 0.93% Ni, 0.77% Cu
Slide 14: LM 21-10 Blebby and Semi-Massive Sulphides
LM 21-10 Blebby Sulphides Semi-Massive Sulphides
Slide 15: Hole LM 21-07 – Down-Hole Survey Magnetic Anomaly
Hole LM 21-07 – Down-Hole Survey Magnetic Anomaly Below Massive Sulphide
Slide 16: Plan Map of the LM Intrusion, Below 100 metres ASL
Plan Map of the LM Intrusion, Below 100 metres ASL Drill hole trace in basement metasediments Drill hole trace in LM mafic/ultramafic Intrusion TARGET - massive sulphide down-plunge in conduit (feeder zone) Red balls = sulphide mineralization on lower contact
Slide 17: The Next Steps…
The Next Steps… • ~6-week drilling program started in mid-January 2022 • Drill down-plunge of massive sulphide in SE quadrant of conduit • Expand mineral titles
Slide 18: Bitterroot Resources Ltd.
Bitterroot Resources Ltd. TSX-V symbol – BTT Common Shares Outstanding: 80,350,000 Fully diluted: 100,900,000 Suite 206-B 1571 Bellevue Avenue West Vancouver, British Columbia Canada, V7V 1A6 Tel: 604 922 1351 Contact – Michael Carr, CEO Email: [email protected] Website: www.bitterroot
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