Vr Resources Ltd. · TSXV:VRR
Vr Resources — Investor Presentation (April 2024)
25 slides from Vr Resources's investor presentation, April 2024
Slide 1: April 2024
T S X . V : V R R | W W W . V R R . C A Innovation • Expertise • Purpose April, 2024
Slide 2: Mission Statement
T S X . V : V R R | W W W . V R R . C A MISSION STATEMENT Innovation • Expertise • Purpose WE HAVE AN OPPORTUNITY TO CREATE VALUE IN A RESOURCE INDUSTRY THAT IS SHIFTING TOWARDS THE NEEDS OF THE EMERGING GREEN ECONOMY INNOVATION・EXPERTISE・PURPOSE VR is doing the R&D at the front end of the Green Eco
Slide 3: Blue sky discoveries of large-footprint breccia systems in Nevada and Ontario
T S X . V : V R R | W W W . V R R . C A Blue sky discoveries of large-footprint breccia systems in both Nevada and Ontario by VR over the past seven years, from 2017 through 2023. Innovation • Expertise • Purpose Bonita, NV From silica-specularite H-K, ON hyd. breccia in alkaline porphyry at Bonita,
Slide 4: What's next going into Q1 2024
T S X . V : V R R | W W W . V R R . C A W h a t ’s n e x t going into Q1 2024 to advance both the REE discovery at H-K, and expand the broader Critical Metal strategy on the Kapuskasing Shear Zone in northern Ontario. Innovation • Expertise • Purpose - Complete Phase II of mineralogy-metallurgy stud
Slide 5: Exploring the Kapuskasing Shear Zone in northern Ontario
T S X . V : V R R | W W W . V R R . C A VR HAS BEEN EXPLORING THE KAPUSKASING SHEAR ZONE IN NORTHERN ONTARIO FOR FOUR YEARS; IT IS THE PERFECT SETTING FOR CRITICAL METALS. Innovation • Expertise • Purpose Hecla-Kilmer (“H-K”) is in the right geologic setting for large Critical Metals mineralized s
Slide 6: Advancing the REE discovery at Hecla-Kilmer
T S X . V : V R R | W W W . V R R . C A AD VAN C I N G T H E R E E D I S C O V E RY AT H E C L A - K I L M E R V I A N E W T E C H N O L O G I E S AN D AC T I V E D R I L L I N G O V E R F O U R Y E AR S Innovation • Expertise • Purpose HISTORIC DATA Compilation work in 2018: industry assessment rep
Slide 7: Hecla-Kilmer has scale both laterally and vertically
T S X . V : V R R | W W W . V R R . C A H E C L A - K I L M E R H A S S C A L E B O T H L AT E R A L LY A N D V E R T I C A L LY: 1 . T H R E E D I F F E R E N T A R E A S O F R E E M I N E R A L I Z AT I O N W I T H I N T H E 5 X 7 K M A L K A L I N E C O M P L E X ; 2 . C O N T I N U O U S R E E M
Slide 8: Table of assays for REE drill hole intersections, 2020-2023
Table T S X . V : 1. Table of assays for REE drill hole intersections, 2020 – 2023, Hecla-Kilmer Property. V R R | W W W . V R R . C A Magnet From To Length TREO(1) MHREO(2 PMREO(3) Nb2O5 Ta2O5 ThO2 Drill hole % of (m) (m) (m) (%) ) (%) (%) (%) (ppm) (ppm) REOs HK23-024 194.52 205 10.48 0.80 0.07 0.
Slide 9: Carbonatite mineralization continuous from surface to 460 m depth in Hole 13
T S X . V : V R R | W W W . V R R . C A Carbonatite dyke, vein and vein breccia hydrothermal mineralization is continuous from bedrock surface to 460 m depth in Hole 13 at Pike Zone, and is open, with 1.4% TREO and 1.1 g/t Au at the bottom ! Innovation • Expertise • Purpose Photograph of drill core
Slide 10: REE mineralogy at H-K: apatite and monazite
T S X . V : V R R | W W W . V R R . C A REE mineralogy at H-K is impor tant because it is a non -refractor y assemblage of the phosphate minerals apatite & monazite, and the f luorocarbonate series of synchysite-parasite-bastnaesite, for which mineral separation and REE extraction processes are prov
Slide 11: Backscatter electron microprobe images of Pike Zone grains
T S X . V : V R R | W W W . V R R . C A Innovation • Expertise • Purpose Backscatter electron microprobe images of crushed and mounted mineral grains from the hole 13 bulk sample from Pike Zone. Upper: Grains are predominantly of apatite with Laser Ablation ICP-MS site annotated in red and shown in
Slide 12: Same story at South Rim Zone
T S X . V : V R R | W W W . V R R . C A Same story at South Rim Zone, located 2.5 km south of Hole 13 at Pike Zone. Innovation • Expertise • Purpose Examples of high temperature potassic phoscorite with high- grade TREO and phosphate mineralization, and a high PMREO ratio found in hole 13 at Pike Zo
Slide 13: South Rim Zone, 2.5 km south of Pike Zone
T S X . V : V R R | W W W . V R R . C A South Rim Zone, 2.5 km south of Hole 13 at Pike Zone Innovation • Expertise • Purpose Backscatter electron microprobe image from 111m depth in Hole 15 at the South Rim Zone. The abundant areas of bright white reflectance are inclusions of REE-bearing monazite,
Slide 14: State-of-the-art technology tells the same apatite-monazite story
T S X . V : V R R | W W W . V R R . C A The correlation between REE and Phosphate is consistent in data across an array of new exploration technologies used during three years of drilling. Innovation • Expertise • Purpose n = 4,600 samples, 1m each State-of-the-art technology has m told the same apa
Slide 15: Why does the REE discovery at Hecla-Kilmer matter?
T S X . V : V R R | W W W . V R R . C A W H Y D O E S T H E R E E C R I T I C AL M E TAL D I S C O V E RY AT HECLA-KILMER M AT T E R ? Innovation • Expertise • Purpose Vertical and lateral scale of mineralization, starting at surface. Polymetallic composition of mineralization, with REE, Y, P & Nb.
Slide 16: Four permanent magnet rare earth elements drive TREO deposit value
T S X . V : V R R | W W W . V R R . C A THE FOUR PERM ANENT M AGNET RARE EARTH ELEM ENTS DRIVE THE VA L U E O F A N Y T O TA L R A R E E A R T H O X I D E ( T R E O ) D E P O S I T. Innovation • Expertise • Purpose 1616
Slide 17: Hecla-Kilmer magnet REO and yttrium concentrations vs world-class deposits
T S X . V : V R R | W W W . V R R . C A H E C L A - K I L M E R I S B L E S S E D W I T H A B O V E AV E R A G E C O N C E N T R AT I O N O F M A G N E T R E O ’ S A N D Y T T R I U M C O M PA R E D T O E V E N T H E W O R L D C L A S S R E E D E P O S I T S . Innovation • Expertise • Purpose 17 17
Slide 18: Continuous innovation via exploration technology
T S X . V : V R R | W W W . V R R . C A C o n t i n u o u s I n n o v a t i o n v i a E x p l o r a t i o n Te c h n o l o g y A p p l i e d f r o m P r o j e c t G e n e r a t i o n Stage through Discovery & Development. Can Hecla -Kilmer be the first PMREO production in Ontario, at a time when Can
Slide 19: Location matters towards efficiently advancing the discovery
T S X . V : V R R | W W W . V R R . C A L O C AT I O N M AT T E R S T O WAR D S E F F I C I E N T LY AD VAN C I N G T H E D I S C O V E RY AT H E C L A - K I L M E R . Innovation • Expertise • Purpose ROAD: HWY 634 Public roads maintained year-round just 23km west of the Project RAIL: Ontario Northe
Slide 20: Blue sky value creation potential in the right location
T S X . V : V R R | W W W . V R R . C A Innovation • Expertise • Purpose B L U E S K Y VA LUE C R E ATI ON P OT ENTI AL , I N T H E R I G H T L O C ATIO N Covered targets under regional blanket of glacial till = previously unexplored and never drilled … … but near local, active infrastructure includ
Slide 21: Expanded Kapuskasing district-scale strategy
T S X . V : V R R | W W W . V R R . C A Innovation • Expertise • Purpose VR expanded its Kapuskasing strategy upon the discovery of a diamond- bearing kimberlite pipe at Northway in Nov., 2022. Combined, there are now 1,567 claims in 16 separate properties covering a total of 32,238 ha for a distric
Slide 22: Hecla-Kilmer is the right discovery at the right time
T S X . V : V R R | W W W . V R R . C A H E C L A - K I L M E R I S T H E R I G H T D I S C O V E R Y AT T H E R I G H T T I M E Innovation • Expertise • Purpose The Federal Budget in April, 2022, sets the tone in Canada • $3.8B Critical Metal Strategy announced in April and formally launched in Sep
Slide 23: Hecla-Kilmer is aligned with provincial strategies for critical metals
T S X . V : V R R | W W W . V R R . C A H E C L A - K I L M E R I S A L I G N E D W I T H P R O V I N C I A L S T R AT E G I E S F O R C R I T I C A L M E TA L S Innovation • Expertise • Purpose Provincial and Local Governments also Onboard … Ontario is a Global Mining Leader and is looking to estab
Slide 24: VR's capital structure is strong
T S X . V : V R R | W W W . V R R . C A V R ’ S C A P ITAL S T RU CTURE I S S T RO NG , A N D T H E B OA R D I S C O M MI TTE D Innovation • Expertise • Purpose IPO Structure in 2017 on 36 M Shares ($4M raise) Current Structure on 120 M Shares undiluted: CPC Shell 6% 143.8 M Shares Fully Diluted on
Slide 25: Cautionary Statement
T S X . V : V R R | W W W . V R R . C A CAUTIONARY STATEMENT Innovation • Expertise • Purpose General Disclaimer This Presentation provides a general overview of the activities of VR Resources Ltd. (“VR” or the “Company”) and is not intended to be a comprehensive review of all matters concerning the