Iconic Minerals Ltd · TSXV:ICM
Iconic Minerals — Investor Presentation (August 2020)
27 slides from Iconic Minerals's investor presentation, August 2020
Slide 1: Developing Economic Lithium in Nevada
Developing Economic Lithium in Nevada
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation contains forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements a
Slide 3: Bonnie Claire Project
BONNIE CLAIRE PROJECT 23,000 acres controlled 35 square miles potential resource 100% owned by ICM Four holes drilled and completed Initial water permits approved by BLM Signed exclusivity license agreement with proprietary extraction technology company(SX) High percentage recoveries, high lithium v
Slide 4: Bonnie Claire Property Location
BONNIE CLAIRE PROPERTY LOCATION ALBEMARLE SILVER PEAK MINE (Clayton Valley) BONNIE CLAIRE (23,100 ACRES OF GRAVITY DENSITY LOW) 4
Slide 5: Bonnie Claire Property Location
BONNIE CLAIRE PROPERTY LOCATION Silver Peak Lithium Plant; Nevada Albemarle (Clayton Valley) Smith Creek Silver Peak 1 ½ times larger Bonnie Claire than Clayton Beatty Valley Las Vegas Bonnie Claire Property (Sarcobatus Flats) N 30 miles Size of gravity low Town of Beatty Las Vegas 5
Slide 6: Bonnie Claire Work on Project
BONNIE CLAIRE WORK ON PROJECT U.S.G.S gravity survey; U.S.G.S surface evaporate sampling; Magneto Telluric (MT) geophysical survey June 2016 BC1601 drilled and cased; TD 1560 ft (475 m) BC1602 drilled and cased; TD 1980 ft (602 m) BC1701 drilled; 300 ft (91.4 m) BC1601 leachate recoveries up to 98%
Slide 7: Bonnie Claire Project Geophysics
BONNIE CLAIRE PROJECT GEOPHYSICS Aerial extent of interpreted brine horizon --- fault line A-B MT geophysics line B Interpreted brine horizon A Higher resistivity material A B 1100 0.5 800 0.5 0.5 400 Basement Basement Basement 0 N 1 mi 7
Slide 8: Bonnie Claire Drilling Program
BONNIE CLAIRE DRILLING PROGRAM 3 drill holes Totalling 1740 m/ 5,800 ft #1 #2 Drilling completed #3 Aerial extent of brine horizon N 1 mi 8
Slide 9: Leachate Recoveries BC1601
LEACHATE RECOVERIES BC1601 Leachate Sample Sediment Assay Li Description Assay Li Recovered Recovery (BC1601 ) (ppm) (ppm) (%) 440-460' 1420 1390 98 780-800' 1220 1130 93 1220-1240' 2550 2260 89 Three samples from different elevations of 1560 ft (475 M) Continuous lithium bearing mineralization thro
Slide 10: Potential Volumetrics
POTENTIAL VOLUMETRICS 1.1 Billion tons (short) of Li (0.1%) 2.3 Billion pounds per square mile (resource potential of 6-8 square miles) Note: Calculations and assumptions used are based on conservative triangulation from the three holes drilled and are only approximations at this point in time 11
Slide 11: Bonnie Claire Summary
BONNIE CLAIRE SUMMARY 1. 100% ownership It’s all ours! 2. Large resource potential 35 sq miles of potential resource 3. High recoveries and Li values from sediments 4. Signed license agreement with proprietary extraction technology 5. Additional commercially viable by-products 12
Slide 12: Near & Midterm Targets – Bonnie Claire
NEAR & MIDTERM TARGETS – BONNIE CLAIRE Stage 1: Laboratory research & development; St-Georges (SX) Stage 2: Collection and shipping of material process at Strategic Metallurgy’s (SX) pilot plant Stage 3: Preliminary results of SX research Stage 4: Metallurgical report / feasibility report 13
Slide 13: Developing Economic Gold Properties in Nevada
Developing Economic Gold Properties in Nevada
Slide 14: New Pass Gold Property
NEW PASS GOLD PROPERTY Squaw Creek Eastern Churchill County, Nevada New Pass • Property comprised of 107 mining claims (2,140 acres) • 50/50 JV with McEwen Mining Inc. • 75% of the resource is oxidized • AuEq Inferred resource: 341,750 ounces (9.7 Million grams) • Ag Inferred resource: 2.55 Million
Slide 15: New Pass Historical Drilling
NEW PASS HISTORICAL DRILLING • Westmont Gold, Inc. explored the property from 1982 - 1992, and drilled 165 RC holes • Santa Fe drilled 11 RC holes in pediment in1995 • White Knight (McEwan Mining) conducted geologic mapping and geochem sampling 1998-2004 • Bonaventure JV drilled 89 RC/Core holes 200
Slide 16: New Pass Geology
NEW PASS GEOLOGY • Gold/Silver mineralization (red) deposited in limestone (blues) near contact with overlying volcanic rocks (tan) • Northwest trending high-angle feeder faults have higher Au/Ag values • Current resource trends northwest under untested pediment cover Iconic Minerals 2020 17
Slide 17: New Pass Drilling Results
NEW PASS DRILLING RESULTS • NP-0520 - 23 m at 1.95 g/t Au (0.069 opt) 6.9 g/t Ag (0.24 opt) • NP-0722 – 56.4 m at 0.93 g/t Au (0.032 opt), 8.4 g/t Ag (0.29 opt) • NP-0813 – 1.5 m at 30.58 g/t Au (1.05 opt), 5.5 g/t Ag (0.19 opt) • NP-0817 – 3.6 m at 8.60 g/t Au (0.29 opt), 4.1 g/t Ag (0.14 opt) Icon
Slide 18: New Pass Drilling
NEW PASS DRILLING Total Meters Drilled = 30,553 m Ave Depth Drilled = 114 m Ave Grade Au = 0.51 g/t Au (0.018 opt) Ave Grade AuEq = 0.62 g/t AuEq (0.022 opt) Ave Grade Ag = 6.92 g/t Ag (0.202 opt) Iconic Minerals 2020 19
Slide 19: New Pass Highlights & Summary
NEW PASS HIGHLIGHTS & SUMMARY • Plan of operation for +40 drill hole initiated • Bulk minable, open pit, heap leachable Au/Ag • +300,000 ounce AuEq resource • Resource open along strike and down dip • Resource is shallow and 75% oxidized • Located in elephant country - Cove McCoy (60 Mt @ 1.9 gpt Au
Slide 20: Squaw Creek Property
SQUAW CREEK PROPERTY Ivanhoe Mining District, Nevada • Situated between Ivanhoe mine and Midas mine along the Carlin Trend • Three identified exploration target zones • First target tested contains increasing gold values with depth similar to Midas model 21
Slide 21: Squaw Creek Geology
SQUAW CREEK GEOLOGY • Located along Nevada’s most famous gold belt-the Carlin Trend • Midas and Ivanhoe are high-level hot springs systems with high-grade gold located at depth in high-angle faults • Similar faults have been identified at Squaw Creek Iconic Minerals 2020 22
Slide 22: Squaw Creek Historical Drilling
SQUAW CREEK HISTORICAL DRILLING 2005 Conducted a CSMT resistivity geophysical survey found 3 major anomalies 2007 Phase II drilling continued to test the major N-S trending, west dipping fault system 2006 Testing of first anomaly with shallow RC/core drilling intersected major fault with anomalous g
Slide 23: Squaw Creek Cross Section
SQUAW CREEK CROSS SECTION Iconic Minerals 2020 24
Slide 24: Squaw Creek Objectives
SQUAW CREEK OBJECTIVES ‣ Complete deeper drilling of identified gold-bearing structure ‣ Initiate drilling of two additional interpreted major faults ‣ Develop a “Midas” style deposit which would be mined underground Iconic Minerals 2020 25
Slide 25: Capital Structure
CAPITAL STRUCTURE TSX.V: ICM FSE:YQGB $0.11 share price $9Mi OTCBB: BVTEF market cap ticker symbol 82.6Mi Nil Nil Issued & outstanding warrants options 82.6Mi fully diluted 26
Slide 26: Iconic Management Team
ICONIC MANAGEMENT TEAM RICHARD R. KERN, M.Sc., P.Geo; President & CEO 32+ years of experience in mineral exploration in the U.S., Central and South America and Australia several discoveries including recent finds at Fire Creek Mine, Nevada, Moss Mine, Arizona and Bruner Property, Nevada. RICHARD BAR
Slide 27: Corporate Information
CORPORATE INFORMATION Head Office: Suite 303-595 Howe Street Vancouver, BC V6C 2T5 VP Corporate Development: Keturah Nathe (604) 718-2800 ext 312 Website: www.iconicmineralsltd.com 28
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