Bonterra Resources, Inc. · TSXV:BTR
Bonterra Resources — Investor Presentation (December 2020)
30 slides from Bonterra Resources's investor presentation, December 2020
Slide 1: Developing Québec's Next Gold Camp
TSX-V BTR | OTCQX BONXF | FSE 9BR2 Developing Québec’s NEXT GOLD CAMP Exploration and Resource Expansion in the URBAN‐BARRY CAMP December 2020 TSX‐V BTR | OTCQX BONXF | FSE 9BR2 1
Slide 2: Forward-Looking Statements
Forward‐Looking Statements This presentation contains "forward‐looking information" within the meaning of Canadian securities legislation. Any information herein with respect to predictions, expectations, projections, objectives, assumptions or future events that are not historical facts may be "for
Slide 3: Executive Summary
Executive Summary Bonterra is a publicly traded gold exploration and development company with over 2.1 million ounces of resources and the only permitted mill in the Urban‐Barry Camp of Québec, Canada where several new discoveries have been made since 2015 Three Step Approach Valuation Discount to D
Slide 4: Valuation Gap
Valuation Gap ► Bonterra trades at a significant discount to peers (EV of US$33/oz vs US$118/oz for peer group) ► Established infrastructure ► World‐Class jurisdiction ► Potential hub‐and‐spoke strategy Enterprise Value per Ounce of Resource (US$/oz) $5,429 $350 EV/oz Valuations for Resource Only Co
Slide 5: Catalyst Timeline
Catalyst Timeline ► Eight diamond drill rigs turning ‐ 63,000 m to primarily update the mineral resource at the three deposits by end of Q2/21 ► Updated resource will be used towards the PEA that would incorporate all three main deposits ► Three step process to unlock value 2020 2021 Nov Dec Jan Feb
Slide 6: Capital Structure
Capital Structure Enterprise value per resource ounce of Strong Shareholders ~US$33 Capital Structure Wexford 18.3% Issued & Outstanding Shares 90.55M Kirkland Lake 9.4% Options 4.35M (Weighted Average Exercise Price ‐ CA$1.72) Mmcap 6.4% Warrants 5.59M (Exercise price CA$3.10, expire August 20, 202
Slide 7: Management & Board of Directors
Management & Board of Directors Pascal Hamelin Johnny Oliveira Marc Ducharme Cesar Gonzalez President & CEO Chief Financial Officer Exploration Manager Chairman & Director Mr. Hamelin holds a Mining Engineering Mr. Oliveira has 20 years of experience in Mr. Ducharme has over 30 years of Mr. Gonzalez
Slide 8: Land Position in the Abitibi Greenstone Belt
Land Position in the Abitibi Greenstone Belt Fenelon TSX‐V BTR | OTCQX BONXF | FSE 9BR2 8
Slide 9: Strategic Land Position
Strategic Land Position Young camp, comparable to Val‐d’Or 80 years ago, with activities ramping up Bachelor Mill BACHELOR PROPERTY 15,550 hectares MOROY PROJECT M&I 667,000T @ 5.17 g/t Au: 111,000 oz Inferred 396,000T @ 4.32 g/t Au: 55,000 oz URBAN‐BARRY PROPERTY 22,500 hectares BARRY PROJECT Indic
Slide 10: Strategic Location of the Bachelor Mill
Strategic Location of the Bachelor Mill ► Only permitted mill in the heart of the Urban‐Barry Camp ► Potential Hub‐and‐Spoke Strategy 5.14 MOz Windfall TSX‐V BTR | OTCQX BONXF | FSE 9BR2 10
Slide 11: Market Overview
MARKET OVERVIEW TSX‐V BTR | OTCQX BONXF | FSE 9BR2 11
Slide 12: Underground M&A Landscape
Underground M&A Landscape Not many high‐grade single mine/project companies left in Canada as most have been acquired at premium valuations Integra Claude Bonterra Richmont Barkerville Harte Gold Battle North Pure Gold Wesdome Osisko Mining Gold Corp. Resources Resources (Acquired) (Acquired) (Acqui
Slide 13: Gladiator vs Major Discoveries in Quebec
Gladiator vs Major Discoveries in Quebec ► Gladiator has yielded 5.6 oz per metre drilled (vs 4.7 oz/m for Windfall) ► Gladiator has yielded ~3,195 oz of gold per drill hole (vs ~1,751 oz/hole at Windfall) Bonterra Integra Gold Corp. Osisko Resources (Acquired) Mining Asset Gladiator Lamaque Windfal
Slide 14: High Level Geology
HIGH LEVEL GEOLOGY TSX‐V BTR | OTCQX BONXF | FSE 9BR2 14
Slide 15: Regional Structures Are Thought to be Key
Regional Structures Are Thought to be Key ► Urban‐Barry cross‐regional corridors of structural decompression ► Regional structures are associated with deposits but also point to areas that need to be tested ► Several new targets have been developed and will be tested during this winter program that
Slide 16: Gladiator Project
GLADIATOR PROJECT TSX‐V BTR | OTCQX BONXF | FSE 9BR2 16
Slide 17: Gladiator Gold Project
Gladiator Gold Project ► Exploration potential down plunge and along strike (“pearls on a string”) ► Located near Osisko Mining’s Windfall Lake Gold deposit (5.14 M oz Au + 1,200,000 m drill program underway) and Barry Gold deposit (62,000 m drilled to date) ► Plan is to drill 16,500 m between now a
Slide 18: Gladiator Regional Targets – Pearls on a String
Gladiator Regional Targets – Pearls on a String ► Airborne magnetics illustrate the potential of regional targets along strike ► Management plans on testing regional targets to follow up on historic results ► Other nodes of decompression within the corridor to be tested similar to the Gladiator depo
Slide 19: Barry Project
BARRY PROJECT TSX‐V BTR | OTCQX BONXF | FSE 9BR2 19
Slide 20: Barry Gold Project
Barry Gold Project ► Exploration potential down plunge and along strike ► Located within the same structural corridor southwest of the Windfall Lake Project ► Plan is to drill 21,000 m between now and April 2021 to expand the resource Vertical Long Section Looking Northwest, Resource Block Model, Al
Slide 21: Barry Gold Project
Barry Gold Project Mag survey revealed several sizable targets that are being tested in this drill program and could have a material impact to the upcoming resource update Barry North 2019 Drill Intercept TSX‐V BTR | OTCQX BONXF | FSE 9BR2 21
Slide 22: Moroy Project
MOROY PROJECT TSX‐V BTR | OTCQX BONXF | FSE 9BR2 22
Slide 23: Moroy Gold Project
Moroy Gold Project ► Located near the mill, drilling is focused on expanding known shear zones and also targeting the intersection of several regional structures ► 14,000 m planned before April 2021 Recent Bulk Sample TSX‐V BTR | OTCQX BONXF | FSE 9BR2 23
Slide 24: Moroy Gold Project
Moroy Gold Project ► Magnetic survey shows several regional targets that will be followed up on ► Regional target proximity to the mill results in lower risk exploration strategy TSX‐V BTR | OTCQX BONXF | FSE 9BR2 24
Slide 25: Presentation Summary
Presentation Summary Opportunity to invest in a multi‐million ounce, strategic land package in Quebec’s next gold camp • Bonterra has a significant land package within the rapidly growing Urban‐Barry / Windfall Camp Strategic Land Package in Quebec’s Next Gold Camp • This Camp hosts >8.5 Moz in disc
Slide 26: Thank You!
Thank You! www.btrgold.com 26
Slide 27: Appendix - Mineral Resources
Appendix - Mineral Resources NI 43‐101 Mineral Resource Estimate ‐ May 28, 2019 MEASURED INDICATED INFERRED DEPOSIT Tonnes Au (g/t) Ounces Au Tonnes Au (g/t) Ounces Au Tonnes Au (g/t) Ounces Au Gladiator ‐ ‐ ‐ 743,000 8.46 202,000 3,065,000 9.10 897,000 Barry ‐ ‐ ‐ 2,052,000 5.84 385,000 2,740,000 5
Slide 28: Appendix - Summary of Assets
Appendix - Summary of Assets Overview Key Opportunities • 202 koz Au grading 8.46 g/t (Ind.) / 897 koz Au grading 9.10 g/t (Inf.) • Opportunity to add tonnage from recently recognized • Advanced exploration project ‘connector zones’ Gladiator • Road access to Bachelor mill • Deposit open down‐plunge
Slide 29: Appendix - Bachelor Mill
Appendix - Bachelor Mill ► Mill permitting process began in April 2017 and expected to be complete by the end of 2021 ► Consequently, mill capacity expected to jump to 2,400 tpd (from the current 800 tpd) Project Scope: • Remove existing 10x12 rod mill & three small ball mills • Add a SAG mill (6.4
Slide 30: Appendix - Notes
Appendix - Notes Model Parameters 1. The classification of the current Mineral Resource Estimates into Measured, Indicated and Inferred are consistent with current 2014 CIM Definition Standards ‐ For Mineral Resources and Mineral Reserves 2. Mineral resources which are not mineral reserves do not ha
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