Alpha Exploration Ltd. · TSXV:ALEX
Alpha Exploration — Investor Presentation (January 2023)
35 slides from Alpha Exploration's investor presentation, January 2023
Slide 1: Making Gold & Copper Discoveries in the Arabian-Nubian Shield
Making Gold & Copper Discoveries in the Arabian-Nubian Shield TSX.V Symbol ‘ALEX’ Alpha Exploration Limited January 2023 Presentation ALPHA-EXPLORATION.COM Aburna Colonial Gold Mine Area
Slide 2: Disclaimer Notice - Qualified Persons Statement - Confidentiality
Disclaimer Notice - Qualified Persons Statement - Confidentiality 2 Disclaimer Notice Islamic Mosque Catholic Cathedral This presentation of Alpha Exploration Limited (“ALEX”) is for information only and shall not constitute an offer to buy, sell, Asmara City issue or subscribe for, or the solicitat
Slide 3: Alpha Exploration Key Highlights
Alpha Exploration Key Highlights 3 MISSION STATEMENT: THREE SIGNIFICANT DISCOVERIES IN JUST OVER 2 YEARS Exploring for Copper, Gold and Zinc in the highly prospective Arabian-Nubian shield of NE Africa & Saudi Arabia Orogenic Gold discovery – Aburna Prospect 100% INTEREST IN THE LARGE KERKAS
Slide 4: Alpha Share Structure, Financing & Listing – 'ALEX' on TSX-V
Alpha Share Structure, Financing & Listing – ‘ALEX’ on TSX-V 4 ALPHA TSX-V LISTED ON NOVEMBER 1, 2021. TICKER: ALEX Share Structure as at January 23, 2023 Shares Outstanding 73,752,064 • Ordinary Shares 58,465,905 • Preference Shares 15,286,159 Board and Management Ownership 14.69% Founder’s Perform
Slide 5: Board of Directors
Board of Directors 5 Michael Hopley - President & CEO • BSc (Geology), London University Member of American Institute of Professional Geologists. • +40 years of international experience - Has held Executive & Board positions with Gold Fields Mining, Bema Gold Corp, Arizona Star, & Tournigan Energy.
Slide 6: Advisors & Management
Advisors & Management 6 Ashwath Mehra- Advisor • BSc (Econ), Economics & Philosophy, London School of Economics. • 35 years global experience in minerals industry & economist by training. CEO of ASTOR Group, a private investment & advisory business, working in Mining, Tech, Biotech and Real Estate.
Slide 7: Arabian-Nubian Shield ('Last Frontier')
Arabian-Nubian Shield (‘Last Frontier’) 7 Canadian & Australian Shields >100 years of aggressive exploration, many mines discovered. The Arabian- Nubian Shield Larger than Australian Shield, minimal exploration over last 100 years, few mines discovered. Arabian-Nubian Shield. A new exploration
Slide 8: Kerkasha License (771km²) & 20 Prospects
Kerkasha License (771km²) & 20 Prospects 8 Kosolda Prospect Orogenic Gold Large Artisanal Workings Aburna Prospect Au in soil Orogenic Gold 4x 5km area Colonial Mine Au in soils 6 x 2km area Best drill intercepts: • 16m @ 14.07 g/t Au Tolegimja Prospect • 20m @ 7.70 g/t Au Volcanogenic
Slide 9: Aburna Orogenic Gold Discovery – Sub Areas, Soil, Trench & Channel Sampling
Aburna Orogenic Gold Discovery – Sub Areas, Soil, Trench & Channel Sampling 9 Significant Trench & Channel sample assay results for gold 45m @ 3.75 g/t gold (Trench 22 - Hill 52 Area) 11m @ 6.55 g/t gold (Trench 25 - Hill 52 Area) 51m @ 2.14 g/t gold (Channel 51 - Hill 52 Area) 8m @ 9.65 g/t gold (C
Slide 10: Aburna Prospect Geology
Aburna Prospect Geology 10 Mapping • Lithological and structural mapping by Consultant Geologist Dr Ghislain Tourigny Dr Ghislain’s comments: • Gold mineralised structures are part of a curviplanar shear system associated with widespread hydrothermal alteration • Gold mineralisation is controlle
Slide 11: Aburna – Significant Drilling Results to Date
Aburna – Significant Drilling Results to Date 11 Prospect Hole Type No of Holes Metres Prospect Total (m) RC 38 4,315.00 Aburna 5,196.10 DD 5 881.10 Significant drill intercepts for gold at Aburna – to date Total Holes for From To Interval Average Sub Area Hole Target Area (m) (m) (m) (Au) Hill-52 A
Slide 12: Aburna – Sub Area Hill 52 - Drill Plan & Section B-B
Aburna – Sub Area Hill 52 - Drill Plan & Section B-B Hill 52 Sub Area Drill Location Plan with Sections, Drill 12 Traces & Significant Assays Projected to Surface Interpretation of high-grade gold mineralisation at Hill 52 Sub Area shown with red Hill 52 Area Drill dashed polygons on the plan map –
Slide 13: Aburna – Next Steps
Aburna – Next Steps 13 Soil sampling Open area Potential • Strike extension soil sampling mineralisation – Completed, awaiting assays Channel and Trench sampling • Strike extension channel and trench sampling to help site next drill holes - Completed, awaiting assays Drilling • Drill test targ
Slide 14: Analogue: Aburna v Sukari
Analogue: Aburna v Sukari 14 Geology of Sukari Orogenic Gold Deposit Project Surface Area Depth Resource/Reserve (2022) Company Sukari 2.7 km x 1.0 km 1,200m Au Resource (Moz) 11.11 Centamin Orogenic Au Grade 1.08 g/t Gold Au Reserve (Moz) 6.00 Au Grade 1.10 g/t Aburna 6.0 km x 2.0 km unknown Unknow
Slide 15: Anagulu Porphyry Gold Copper Discovery
Anagulu Porphyry Gold Copper Discovery 15 Oxidised copper staining in ‘quartz eye’ diorite porphyry outcrop located in the northeast of Anagulu Prospect
Slide 16: Anagulu – Drill Location Plan with Geology
Anagulu – Drill Location Plan with Geology Anagulu drill 16 location plan Assay Results for AND001 (80-129m) with geology Anagulu “Discovery hole” ANAGULU COPPER-GOLD DISCOVERY HOLE AND001 Hole From To (m) Au Cu Ag (m) (ppm) (%) (ppm) 80 81 1.92 0.70% 2.62 108m @ 1.24 g/t Au & 0.60% Cu & 3.57g/t A
Slide 17: Northeast Anagulu – Most Significant Drill Results to Date
Northeast Anagulu – Most Significant Drill Results to Date 17 Anagulu Best Intervals for Au-Cu-Ag + Au & Cu Equivalents *Gold and copper Equivalent (AuEq + Cu Eq) calculation methodology given in the appendices – Slide 24 *Drill hole intercept methodology given in the appendices – Slide 24 Section 4
Slide 18: Anagulu – Geological Mapping & Trenching
Anagulu – Geological Mapping & Trenching 18 After examination of Anagulu core, Dr Richard Sillitoe (Consultant) advised remapping of Prospect identifying the ‘quartz eye’ diorite The geological map for Anagulu (adjacent diagrams) - the quartz eye diorite (light green) extends and expands for ~1.
Slide 19: Tolegimja Copper-Zinc-Gold VMS Discovery
Tolegimja Copper-Zinc-Gold VMS Discovery 19 The very profitable Bisha VMS Mine is located ~50km NNW of Tolegimja Prospect in Eritrea Bisha VMS Mine – Eritrea First modern Mine in Eritrea (VMS/Gold) – Discovered by Nevsun Resources then sold to Zijin Mining in 2018 Gossan outcrop drill tested by TLR0
Slide 20: Tolegimja – Soil Geochemistry, Geophysics & Drill Results
Tolegimja – Soil Geochemistry, Geophysics & Drill Results 20 100m x 100m soil anomalies for Alpha has yet to test and determine the strike extent of the massive & copper & zinc with Induced semi massive sulphides intercepted in RC holes TLR003 & TLR009 Polarisation (IP) anomalies, RC & DD drill ho
Slide 21: Kosolda Gold Prospect
Kosolda Gold Prospect 21 In-situ Gold Workings Kosolda Main, north end (~800m strike) Kosolda IP-Resistivity survey area (purple polygon) on geology & anomalous Au in Alluvial Gold Workings Kosolda Prospect (extend for ~3kms) soils with best drill results
Slide 22: Next Steps
Next Steps 22 ABURNA: • Further soil, channel and trenching sampling to help focus further drilling (Completed, awaiting assays). • Drill test target areas identified as strike and dip extensions from the last drill programme (Q1 2023) • Ground magnetic survey (Q1 2023). • Structural mapping and i
Slide 23: Why Invest in Alpha?
Why Invest in Alpha?..... Listed on TSX.V Under Symbol “ALEX” 23 ► Exposure to gold, copper and zinc through: Orogenic Gold, Porphyry Gold-Copper and Volcanogenic Massive Sulphide (VMS) Prospects. ► Led by Team that discovered and/or developed: Bisha VMS Copper-Zinc-Gold Mine (Eritrea) o John Cl
Slide 24: APPENDICES
24 APPENDICES Zara Gold Mine – Eritrea
Slide 25: Analogue: Anagulu v Jebel Ohier
Analogue: Anagulu v Jebel Ohier 25 Geology of Jebel Ohier Copper-Gold Porphyry Deposit Project Surface Area Depth Resource (2017) Company Jebel Ohier 2.3 km x 0.5 km ~500m Tonnes (Mt) 246.3 Qatar Mining Cu (%) 0.44 Anagulu soil and rock chip Porphyry geochemistry for gold and Au (g/t) 0.08 Cu-Au cop
Slide 26: Analogue: Tolegimja v Bisha
Analogue: Tolegimja v Bisha 26 Geology and mineralisation of the Bisha VMS Deposit Project Surface Area Depth Resource/Reserve (2011) Company Bisha 1.2 km x 0.5 km 450m Tonnes (Mt) 28.313 Zijin Mining Cu (%) 1.60 Zn (%) 3.15 Volcanogenic Au (g/t) 1.78 Tolegimja soil geochemistry Massive Ag (g/t) 38.
Slide 27: Drill hole intercept/Gold Equivalent (AuEq)/Metal Factor methodology
Drill hole intercept/Gold Equivalent (AuEq)/Metal Factor methodology 27 ► The following methodology and calculations were used to determine the drill hole intercepts and the AuEq & CuEq calculations given on slide 17: *Intercept calculations for RC holes ANR015-030 and DD holes AND001-009 are made u
Slide 28: Eritrea Mining Act & Alpha Agreement with ENAMCO
Eritrea Mining Act & Alpha Agreement with ENAMCO 28
Slide 29: Alpha Contact Details
Alpha Contact Details 29 ABOUT ALPHA EXPLORATION LIMITED Alpha Exploration Ltd is a Publicly Listed (TSX-V) Exploration Company focused on the discovery of world class economic gold & base metals deposits in the highly prospective Arabian-Nubian shield, that runs on either side of the Red Sea. Regis
Slide 30: Statutory Rights of Action
Statutory Rights of Action 30 • Statutory Rights of Action • Securities legislation in certain of the provinces of Canada provides purchasers with certain statutory rights of action for damages or rescission, in addition to any other rights they may have at law, where an offering memorandum or any a
Slide 31: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 31 • Directors or Signatories will not be liable: a) if they prove the offering memorandum was sent or delivered to the purchaser without their knowledge or consent and, on becoming aware of its delivery, promptly gave general reasonable notice that it was deli
Slide 32: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 32 • In addition, no person or company, other than the issuer, will be liable if the person or company proves that: a) the offering memorandum or any amendment to it was sent or delivered without the person’s or company’s knowledge or consent and that, on becom
Slide 33: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 33 • Newfoundland and Labrador • The right of action for damages or rescission described herein is conferred by Section 130.1 of the Securities Act (Newfoundland and Labrador) (the “Newfoundland Act”). The Newfoundland Act provides, in relevant part, that where
Slide 34: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 34 a) no action shall be commenced to enforce the right of action for rescission or damages by a purchaser resident in Nova Scotia later than 120 days after the date on which the initial payment was made for the securities; b) no person will be liable if it pro
Slide 35: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 35 d) (no person or company will be liable with respect to any part of the offering memorandum not purporting to be made on the authority of an expert or to be a copy of, or an extract from, a report, an opinion or a statement of an expert unless the person or
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