Emergent Metals Corp · TSXV:EMR
Emergent Metals — Investor Presentation (January 2024)
63 slides from Emergent Metals's investor presentation, January 2024
Slide 1: Creating Value Through Strategic Acquisitions and Exploration in Nevada & Quebec
CREATING VALUE THROUGH STRATEGIC ACQUISITIONS AND EXPLORATION IN NEVADA & QUEBEC JANUARY 2024
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Forward-looking statements relate to future events or the anticipated performance of the Company and reflect management’s expectations or beliefs regarding such future events and anticipated performance. In certain cases, forward-looking statements can be identified by the
Slide 3: A&D Business Model
A&D BUSINESS MODEL Strategic Acquisitions of properties adjacent to existing mines or advanced stage projects, Strategic properties with deeply discounted prices due Acquisitions the current industry down cycle, or properties with locational and/or other synergies Value Value Creation through reinte
Slide 4: Strategic Focus
r | EMERGEN ©. Life Cycle of a Mineral Project Exploration Risk iI TechnicalRisk Permitting Risk Funding Risk = HIGH :10- A tach PROJECT DEVELOPMENT TIMELINE : 10-20 YEARS z Emergent's focus is on > resource generation z = part of the curve. 3 rt a Shorter duration to So ., 4 advance and monetize s
Slide 5: Record of Success
RECORD OF SUCCESS Proven A&D Strategy 2018 – sold the Troilus North Property, QC to Troilus Gold Corporation (TSX: TLG) for C$250,000 and 3.75M shares, retaining a1% NSR royalty 2020 - signed Earn-in with Option to Joint Venture Agreement with Kennecott Exploration Company, a subsidiary of Rio Tinto
Slide 6: Why Nevada and Quebec?
WHY NEVADA AND QUEBEC? • Stable permitting, exploration, and mining jurisdictions • World class deposits and mines • NV is ranked #1 and QC is ranked #8 in Fraser Institute’s 2022 Survey of Mining Companies for attractiveness of investment • In 2022, NV produced 4.0 M oz Au, 73% of US production • I
Slide 7: Nevada
NEVADA • Focus on the 400 mi long Walker Lane structural trend in western Nevada • Broad zone of NW-SE striking parallel to sub-parallel right lateral strike-slip faults • Volcanism and related hydrothermal mineralization are recognized along the entire length of this trend • Epithermal gold, porphy
Slide 8: Emergent's Nevada Properties
EMERGENT’S NEVADA PROPERTIES Historic Walker Lane Production(1) Rawhide Properties (3) • Comstock Lode: 8.4M oz Au, 193M oz Ag • Paradise Peak: 1.6M oz Au, 24M oz Ag New York Canyon & Mindora Properties • Rawhide: 1.7M oz Au, 14.1M oz Ag Golden Arrow Property • Aurora: 1.8M oz Au, 20.6M oz Ag • Gold
Slide 9: Golden Arrow Property Overview
GOLDEN ARROW PROPERTY OVERVIEW • ~10,000 ac property consisting of 17 patented and 494 unpatented claims • Advanced stage property with a 296,500 oz Au and 4.0 million oz Ag M&I resource(1) and 2018 Technical Report(2) • Extensive exploration database with >200,000 ft of drilling • Plan of Operation
Slide 10: Golden Arrow Deposit Model
GOLDEN ARROW DEPOSIT MODEL • Adjacent to the Kawich volcanic center, encompassing the historic N Golden Arrow Mining District • Modern exploration, post-1970s has focused on the Gold Coin and Hidden Hill bulk disseminated targets • Mineralization is similar to Rawhide Mine, NV – volcanic hosted, str
Slide 11: Golden Arrow Property (Plan View)
GOLDEN ARROW PROPERTY (PLAN VIEW) N • Two known historic resource areas – Gold Coin and Hidden Hill • Six new priority geophysics targets identified, including two in area of known resources • Big Hope and Kawich targets identified by geophysics and/or soil sampling CONFIDENCE MOUNTAIN • Potential e
Slide 12: Golden Arrow Geology (X-Section)
GOLDEN ARROW GEOLOGY (X-SECTION) Page 12 of 63
Slide 13: Golden Arrow Historic Exploration
GOLDEN ARROW HISTORIC EXPLORATION • 361 drill holes totaling just over 201,000 ft • Comprehensive soil and rock chip sampling database • Historic geophysics includes gravity, ground and aeromagnetic surveys, airborne EM, IP-resistivity, and radio-metrics • Initial metallurgical test work completed •
Slide 14: Golden Arrow Emergent Exploration
GOLDEN ARROW EMERGENT EXPLORATION • 137 new claims staked to the south in 2020 • 1,109 soil samples collected from two new target areas in 2021 (see Dec. 13, 2021, press release for details) ➢ 657 samples at Big Hope Target on a 50 x 100 m spacing ➢ 452 samples at Kawich Target on a 50 x 50 m spacin
Slide 15: Golden Arrow Big Hope Discovery
GOLDEN ARROW BIG HOPE DISCOVERY Page 15 of 63
Slide 16: Golden Arrow Kawich Discovery
GOLDEN ARROW KAWICH DISCOVERY Page 16 of 63
Slide 17: Golden Arrow 2021 Condor Review
GOLDEN ARROW 2021 CONDOR REVIEW • Condor’s data review in 2021 included the following: ➢ Aerodat EM, magnetic and radiometric survey (1992) ➢ Kennecott ground magnetics survey (1996) ➢ Kennecott ground gravity survey (1996) ➢ Quantec Orion DC resisitivity, IP, and MT survey (2011) ➢ Precision Geophy
Slide 18: Golden Arrow Condor Targets
GOLDEN ARROW CONDOR TARGETS • Condor’s data review in 2021 included the following: • 34 prospective targets identified ➢ 6 high priority ➢ 10 medium priority ➢ 18 low priority • Two high priority targets in area of known resources • Four high priority target in vicinity of Big Hope and Kawich soil s
Slide 19: Golden Arrow Condor Priority Targets
GOLDEN ARROW CONDOR PRIORITY TARGETS Page 19 of 63
Slide 20: Golden Arrow Orion Reinterpretation
GOLDEN ARROW ORION REINTERPRETATION • Condor re-interpreted the 2011 Orion data • 3D DC resistivity, 3D MT inversion, and 3D IP at depth slices of 1,750, 1,650, 1,550, 1450, 1,350, and 1,250 m asl. • Large circular feature over 1 km in dia. identified to a depth of several hundred meters (likely con
Slide 21: Golden Arrow Orion Reinterpretation
GOLDEN ARROW ORION REINTERPRETATION Page 21 of 63
Slide 22: Golden Arrow Resource Model
GOLDEN ARROW RESOURCE MODEL Gold Coin Resource Hidden Hill Resource ▪ Looking northwest ▪ Dark blue lines are drill holes ▪ Light blue shades are model grade shells Page 22 of 63
Slide 23: Golden Arrow 2018 Resource
GOLDEN ARROW 2018 RESOURCE Gold Silver Resource Cut-0ff Gold Silver Tons Grade Grade Type Grade4,5 (oz) (oz) (opt) (opt) Measured Variable 1,850,000 0.028 0.43 52,400 796,000 Indicated Variable 10,322,000 0.024 0.31 244,100 3,212,000 Measured Variable 12,172,000 0.024 0.33 296,500 4,008,000 + Indica
Slide 24: New York Canyon Property Overview
NEW YORK CANYON PROPERTY OVERVIEW • ~8,700 ac property consisting of 21 patented & 417 unpatented claims • Advanced stage property with historic copper resources, including a 2010 Technical Report completed Searchlight Resources (TSXV: SCLT) • Database with over 139,000 ft of historic drilling and 1
Slide 25: New York Canyon Geology
NEW YORK CANYON GEOLOGY • Stratigraphy composed mostly of conformable marine sedimentary units of Triassic and Jurassic ages intruded by granitic rocks of the Cretaceous age • Cu mineralization, est. 90 M years old, occurs as a contact metasomatic copper oxide skarns and as Cu/Mo skarn and porphyry
Slide 26: New York Canyon Geology
NEW YORK CANYON GEOLOGY • South Claim Block includes three main exploration targets – Longshot Ridge, Copper Queen, and Champion • North Claim Block, hosting the Emma target, is adjacent to past producing Santa Fe Gold Mine with reported production if 345,499 oz Au and 710,629 oz. Ag between 1989 &
Slide 27: New York Canyon Exploration Targets
NEW YORK CANYON EXPLORATION TARGETS Page 27 of 63
Slide 28: New York Canyon Historic Exploration
NEW YORK CANYON HISTORIC EXPLORATION • Discovered in the late 1800’s • Since the 1960’s several companies explored the property for major copper skarn and porphyry deposits • Between 1977-1991, Conoco drilled 107 holes totaling 83,433 ft, completed metallurgical work, and other studies • Between 199
Slide 29: New York Canyon Recent Exploration
NEW YORK CANYON RECENT EXPLORATION • Between 2020-2023 Kennecott Exploration (KEX) optioned the Property and completed geologic mapping, geophysics, surface soil and rock chip sampling, and drilling • KEX spent in excess of US$5.2 million to the end of 2022 and completed additional drilling in 2023
Slide 30: New York Canyon Exploration by KEX
NEW YORK CANYON EXPLORATION BY KEX • In 2020, KEX completed data review and permitting for a drill program, limited field work was done due to COVID-19 • In 2021, KEX completed: ➢ Nine historic holes were relogged and certain intervals re-assayed ➢ Areas around Longshot Ridge, Champion, and Copper Q
Slide 31: New York Canyon Exploration by KEX
NEW YORK CANYON EXPLORATION BY KEX • In 2022, KEX completed: ➢ Geologic modelling of available data on the Southern Block ➢ Review of available data on the Northern Block (Emma) ➢ Geological and alteration mapping of the Northern Block ➢ Soil and rock chip sampling of the Northern Block ➢ Average gr
Slide 32: New York Canyon Exploration by KEX
NEW YORK CANYON EXPLORATION BY KEX • In 2023, KEX completed: ➢ Two holes southwest of Copper Queen testing a geophysical target ➢ Two holes testing the Emma target based on 2022 soil and rock chip sampling, as well as geophysics ➢ Total drilling was 4,359.0 feet ➢ Soil and rock chip sampling in the
Slide 33: New York Canyon Historic Resources
NEW YORK CANYON HISTORIC RESOURCES • May 1979 internal report completed by Conoco detailed a 142 Mt inferred resource grading 0.35% Cu, 0.015% Mo, 0.1% Zn, 4ppm Ag, and 0.1 ppm Au at the Copper Queen prospect(1) • Sept. 1979 internal report completed by Conoco detailed “possible reserves” of 13.2 Mt
Slide 34: New York Canyon Historic Resources
NEW YORK CANYON HISTORIC RESOURCES • In a 2010 Technical Report, SCLT estimated an indicated resource of 15.3 Mt of 0.43% Cu and inferred resource of 2.9 tons of 0.31% Cu for the Longshot Ridge prospect using a 0.20% Cu cut-off-grade • SCLT drilling from 2004-2006 focused on the Longshot Ridge (1)Th
Slide 35: Mindora Property Overview
MINDORA PROPERTY OVERVIEW • 117 unpatented claims totaling ~3,000 ac • Extensive exploration database with ~42,800 ft of drilling • Near surface bulk disseminated gold and silver exploration target of 0.5 - 1.0M ounces of gold(1) • Deeper Mo/Cu porphyry identified from historic drilling • Lease with
Slide 36: Mindora Panoramic View
MINDORA PANORAMIC VIEW Mindora Main Zone Mindora Property – Looking East Page 36 of 63
Slide 37: Mindora Geology
MINDORA GEOLOGY • Limestone and intermediate volcanic rocks of the Triassic Luning Formation underlie the east and central portions of the Property • Quartz rhyolite and quartz latite dikes and sills, and altered granodiorite, intrude the meta-sedimentary and metavolcanic rocks • Late Tertiary volca
Slide 38: Mindora Structural Setting
MINDORA STRUCTURAL SETTING • Located in a regional flexure of the Walker Lane Trend that appears to be favorable to both the ascent of intrusions and porphyry systems as well as epithermal mineralization • Epithermal gold mineralization controlled by N to NW trending structures associated with Walke
Slide 39: Mindora Mineralization
MINDORA MINERALIZATION • Disseminated Au and Ag mineralization found near surface in limestone contact with intrusive rocks • Mo mineralization found at depth below Au and Ag mineralization • Cu anomalies found on surface in 1990’s never drilled • Shallow hole depths range mostly from 200 to 300 ft
Slide 40: Mindora Exploration to Date
MINDORA EXPLORATION TO DATE • Discovered in the late 1800’s • In the 1970’s, the potential for epithermal mineralization similar to the nearby Santa Fe Mine was recognized • Property explored by Hawthorne Mining, E&B Exploration, and Eureka Resources between 1979-2001 • Exploration included soil and
Slide 41: Mindora Historical Resources
MINDORA HISTORICAL RESOURCES • In 1998, Eureka calculated a historic resource of 1.04M tons of 0.037 opt Au & 1.78 opt Ag = 0.058 opt AuEq, containing 58,800 AuEq oz based current metal prices(1) • Metallurgical work indicated potential recoveries of >90% for Au and 75-80% Ag for milled ore and 70-7
Slide 42: Buckskin Rawhide E. Property Overview
BUCKSKIN RAWHIDE E. PROPERTY OVERVIEW • 48 unpatented claims • Optioned to and part of Rawhide Mining LLC’s (“RMC”) operating Rawhide Mine (aka Denton Rawhide Mine) • Rawhide Mine has produced 1.8 M oz of gold and 14.9 M oz of silver from 1990 through 2019(1) • RMC is a private company with main sha
Slide 43: Rawhide Properties' Location Map
RAWHIDE PROPERTIES’ LOCATION MAP Emergent’s Buckskin RMC’s Regent Satellite Pit Rawhide East Property RMC’s Rawhide Mine Pits and Facilities Emergent’s Buckskin Rawhide West Property Emergent’s Koegel Rawhide Property Page 43 of 63
Slide 44: Buckskin Rawhide E. Lease to RMC
BUCKSKIN RAWHIDE E. LEASE TO RMC • In 2014 (effective date June 17, 2013), Emergent leased BRE to RMC under the following terms: ➢ Lease term is 20 years, advance royalty payments are US$10,000 per year ➢ US$250,000 in exploration in Year 1 (completed) ➢ Cumulative US$500,000 in exploration by Year
Slide 45: Buckskin Rawhide E. Exploration History
BUCKSKIN RAWHIDE E. EXPLORATION HISTORY • Kennecott conducted exploration and drilled 113 holes totaling 54,370 ft in the 1990’s on the BRE property • Four exploration targets were identified – Toiyabe, Chicago Mountain, North Buckskin Mountain, and Black Eagle • Mapping/sampling was done by Emergen
Slide 46: Buckskin Rawhide E. Targets
BUCKSKIN RAWHIDE E. TARGETS Page 46 of 63
Slide 47: Buckskin Rawhide W. Property Overview
BUCKSKIN RAWHIDE W. PROPERTY OVERVIEW • 21 unpatented claims • Early-stage exploration property with potential for discovery of bulk disseminated Au/Ag mineralization • Strategically located property due to: ➢ its location adjacent to the operating Rawhide Mine ➢ Its location adjacent to and west of
Slide 48: Koegel Rawhide Property Overview
KOEGEL RAWHIDE PROPERTY OVERVIEW • 36 unpatented claims, early-stage strategically located Au/Ag property, located 4 mi south of Rawhide Mine • Mapping, soil, and rock chip sampling completed to date identifying major alteration zone 5,000 ft x 600 ft in size • 464 historic rock chip samples average
Slide 49: Quebec
QUEBEC • Focus on properties: ➢ in known gold belts ➢ adjacent to existing or past producing mines or advanced stage projects with defined resources ➢ with a significant database of Casa South Royalty Troilus North Royalty historical information Trecesson and ➢ accessible by road for lower East-West
Slide 50: Casa South Property Overview
CASA SOUTH PROPERTY OVERVIEW • 236 claims totaling ~13,200 ha • Strategically located adjacent and south of Hecla Mining Corporation’s (NYSE:HL) Casa Berardi Mine which produced over 2.8M oz Au since 1988(1) and 127,590 oz Au in 2022(2) • Adjacent and north of Iamgold’s (NYSE:AAG) Gemini Turgeon Pro
Slide 51: Casa South Location
CASA SOUTH LOCATION Emergent Metals Casa South Page 51 of 63
Slide 52: Casa South Exploration to Date
CASA SOUTH EXPLORATION TO DATE • Work in the 1980’s including core drilling and RC drilling in glacial till; limited work occurred over the last 20 years • Emergent acquired a comprehensive database of historic exploration work and modern geophysics • Emergent completed a UAV magnetic survey definin
Slide 53: Casa South Exploration Targets
CASA SOUTH EXPLORATION TARGETS • 3 major multi-kilometer long gold zones were identified from historic drilling and geophysics as key exploration areas ➢ Kama Trend lies just south of the Casa Berardi Mine - similar geologic characteristics with the Detour Lake Mine(1) ➢ Central Till Anomaly extends
Slide 54: Casa South Exploration Targets
CASA SOUTH EXPLORATION TARGETS Page 54 of 63
Slide 55: Casa South Deposit Model (X-Section)
CASA SOUTH DEPOSIT MODEL (X-SECTION) Page 55 of 63
Slide 56: Trecesson Property Overview
TRECESSON PROPERTY OVERVIEW • 71 claims totaling ~2,200 ha, 50 km north of the Val d’Or mining camp and 10 km west of the town of Amos • Cossette Gold System identified in exploration • Knick Exploration Inc. completed 154 drill holes totaling about 6,700 m in 2011 and 2017 and a 2012 Technical Repo
Slide 57: Troilus North Royalty
TROILUS NORTH ROYALTY • Emergent holds a 1% NSR on Troilus North, which Troilus Gold Corporation (TSX:TLG) can acquire at any time for C$1 million • 209 claims totaling 11,300 ha • Strategically located adjacent to past-producing Troilus Mine being advanced by Troilus (feasibility stage) • Property
Slide 58: East-West Royalty
EAST-WEST ROYALTY • 1% NSR on East-West Property, which O3 Mining Inc. (TSXV:OIII) can acquire for C$500,000 within 3 years or C$1,000,000 in years 4 and 5 from date of Agreement • Strategically located in the Val d’or mining camp, adjacent to O3’s Marban Alliance Property, which hosts a 1.6 M oz Au
Slide 59: Management and Technical Team
MANAGEMENT AND TECHNICAL TEAM Management Position Experience David Watkinson, President, CEO, and Mining engineer with 35 years international experience including corporate, B.Sc., P.Eng. Director mine, and project management for both major and junior mining companies, mining contractors, and engine
Slide 60: Emergent Share Structure
EMERGENT SHARE STRUCTURE Emergent’s Share Structure* Shares Issued and Outstanding 32,108,670 Warrants 13,983,158 Options 2,297,500 Shares – Fully Diluted 48,389,328 Market Cap at C$0.10 per Share C$3.2 million *As at January 2, 2024 Page 60 of 63
Slide 61: Opportunity Summary
OPPORTUNITY SUMMARY • Dedicated and experienced management • Successful acquisition and divestiture (A&D) business model • Multiple quality assets being advanced in NV and QC: ➢ Golden Arrow, NV – 300,000 M&I AuEq oz resource ➢ New York Canyon, NV – copper skarn and porphyry targets ➢ Mindora (aka S
Slide 62: Catalysts
CATALYSTS • Next steps(1) are: ➢ Golden Arrow, NV – complete scoping studies and determine next steps to move project toward a Preliminary Economic Assessment ➢ Mindora Property, NV – Lahontan Gold to advance under Option to Purchase Agreement ➢ New York Canyon, NV – consolidate land package, obtain
Slide 63: Company and Contact Information
COMPANY AND CONTACT INFORMATION Trade Symbols: EMR : TSXV EGMCF: US OTCQB EML: FRA EML: XBER For more information, please contact: David Watkinson, P.Eng. President and CEO T: (530) 271-0679 Ext 101 E: [email protected] W: www.emergentmetals.com Historic Golden Arrow Mining District . Circa 19
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