Heritage Mining Ltd. · CSE:HML
Heritage Mining — Investor Presentation (January 2022)
35 slides from Heritage Mining's investor presentation, January 2022
Slide 1: Investor Presentation Q2 '22
Investor Presentation Q2 ‘22
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Heritage Mining Ltd. (the "Company“) expects to occur, are forward
Slide 3: Overview
Overview Flagship Project in Northwestern Ontario, Canada with four mineralized zones with each showing +1Moz Au deposit potential Summary Undervalued: Pre-money ~C$4.55M with Top Tier: Land Package, Management Team, Capital Structure (~18M shares o/s) and Cash Position (~C$1.2M) Environmental
Slide 4: Drayton – Black Lake – Region
Drayton – Black Lake – Region Archean Greenstone Gold Belts in Northwestern Ontario, Canada STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 4
Slide 5: Drayton - Black Lake - Option Agreements
Drayton - Black Lake - Option Agreements Project Overview ADVANCED STAGE GOLD AND COPPER PROJECT ~14,229Ha land package within the Active Rainy River -Dryden-Sioux Lookout District Property adjoins Treasury Metals’ Goliath Gold Complex (Goliath, Goldlund and Miller Projects) Archean greenstone
Slide 6: Drayton - Black Lake - Exploration History
Drayton - Black Lake - Exploration History Rio Tinto, Wright-Hargreaves, Teck, Placer Dome, Cameco Year Operators Summary • Alcona Gold Mines Ltd • Recovery • Alkenore Buffalo Gold Mines Ltd • Mapping 1930-1950 • Abbot Red Lake Mines Ltd • Drilling • Auralee Gold Mines • Geophysical • Coniagas Mines
Slide 7: Drayton - Black Lake - Area
Drayton - Black Lake - Area Located in a Mature Gold Mining District with Excellent infrastructure Four Mineralized Structural Zones: Priority Targets (Gold and Drayton - Black Lake - Project Base Metals) 1 1 Moretti Zone 2 3 4 2 Split Lake Zone 3 Shaft Zone 4 West Zone All targets show early signs
Slide 8: Drayton – Black Lake Project Area
Drayton – Black Lake Project Area Four Priority and Drill Ready Precious & Base Metal Structural Zones Large Land Package 14,299Ha Proximity to +1Moz Deposits 1 Excellent Infrastructure Four Mineralized Zones High Grade Gold & Copper 1 1. MORETTI ZONE • 10-30m wide structural zone 2 • Over
Slide 9: Moretti Zone Area
Four Mineralized Structural Zones 1. Moretti Zone Area Moretti Zone Area Multiple trench (Moretti – Belekeno - Bonanza) samples over 10 g/t Au, plus grab sample over 566 g/t Au Grab Samples up to 1,212 g/t Au in quartz- Rocks tourmaline veins/stockwork Historic bulk samples of 8,062kg @ 14.01 g/t Au
Slide 10: Moretti Zone – Bulk Sample Area
Four Mineralized Structural Zones 1. Moretti Zone – Moretti Moretti ~ 8000 kg Bulk Sample Area , Vein Material assayed 14.01 g/t STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 10
Slide 11: Split Lake Zone
Four Mineralized Structural Zones 2. Split Lake Zone 2. Split Lake Zone 1937: Shaft – 2 Compartments – Vertical Shaft (Split Lake – Zarn Lake - – 3 levels (30m, 69m and 107m) Alkenore Buffalo) Surface trenches (3) and drilling provided similar assays up to 6.86 g/t Au (Peak = 23.31 g/t Au) Lode Gold
Slide 12: Split Lake Area Photo Library 2021
Four Mineralized Structural Zones 2. Split Lake Zone: Split Lake Area Photo Library 2021 2021: Alcona Mines Area (Left) Split Lake Shaft (blast rock, right) STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 12
Slide 13: Shaft Zone and West Zone
Four Mineralized Structural Zones Shaft Area Maps Shaft 1: 2m avg Shaft Zone (Shaft 1 – FP61 – Wright 14.5g/t Au Hargraves) Grab samples exceeding Rocks 34.28 g/t Au from muck pile. 3 Interesting values from Channels Ontario Prospector Assistance Program Shaft Zone West Zone (Foster – Ww – Diorite –
Slide 14: Shaft Zone: McCombe FP61 Photo Library
Four Mineralized Structural Zones 3. Shaft Zone: McCombe FP61 Photo Library 2021 Heritage Due Diligence visit – McCombe/FP61 Discarded Core (Left) Trench 2 & Channel (Right) STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 14
Slide 15: Environmental & Social Governance
Environmental & Social Governance Drayton – Black Lake Project Green Project Characteristics • Precious and base metals to fuel a green • Close proximity to skilled labour and established supply route minimizes economy starting at the source overall environmental impact from a supply chain perspecti
Slide 16: Drayton – Black Lake Option Agreement
Drayton – Black Lake Option Agreement Option Agreements – Group Ten & Paul Riives Project Spend Option % Option % Terms Payments (C$) Shares** (C$) Group Ten Metals Paul Riives Drayton – Black Lake (Binding LOI Deposit) $20,000 Definitive Agreement Signed $20,000 IPO/Go Public Transaction* 3,000,000
Slide 17: Contact Bay Project
Contact Bay Project Heritage Mining regional aggregation optioned to own 100% Heritage Mining has consolidated a ~4,700Ha land package within the Contact Bay Area. EXPLORATION STAGE GOLD AND BASE METAL PROJECT ~4,700 Ha land package within the active Contact Bay area Property adjoins KG Explorat
Slide 18: Contact Bay Project
Contact Bay Project Production between 1916 and 1918 was 22.2 ounces of gold and 0.5 ounces of silver from 49 tons milled. Development is reported to be a shaft 106 ft deep with 307 ft of lateral development on two levels, including a raise to surface KG Exploration (Kinross) from the first (50 ft)
Slide 19: BOD, Management & Technical Team
BOD, Management & Technical Team Patrick Mohan Peter Schloo, CPA, CA, CFA Chair & Director Director & CEO Mr. Mohan previously occupied the position of President, Director of Pacific Empire Minerals Corp., Previously CFO CEO, Director & Head-Investor Relations at Kitrinor Metals, of Spirit Banner Ca
Slide 20: External Strategic Advisors
External Strategic Advisors Jeremy Okolisan P.Eng Dave Frost, B MetEng and FAusIMM Mr. Okolisan has over 22 years of experience in the mining Mr. Frost has 28 years in on all facets of minerals industry, as Vice President Business Line Manager, Mining processing. 15 years spent in production and the
Slide 21: Company Snapshot
Company Snapshot Shareholder Information Institutional % Ten Point Fund 14 Management, Directors and Couloir Capital 6 Consultants, 22% Retail, 58% Total 20 Institutional, 20% Capital Structure Shares Share Price Proceeds Raise Information Date Use of Proceeds to Date C$000 Issued (M) (C$/Share) (C$
Slide 22: Contact
CONTACT Peter Schloo President, CEO & Director [email protected] 905.505.0918 STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 24
Slide 23: Appendix A: Till Sampling 2018-2021
Appendix A Till Sampling 2018-2021 Till sampling an effective exploration tool due to pervasive shallow ground cover Rainy River discovery driven by till sampling programs using the same method and lab Program • Total of 60 till samples collected 2018 • Till sample locations targeted magnetic high/e
Slide 24: Appendix B: Claim Ownership & Obligations
Appendix B Claim Ownership & Obligations Claim Ownership Royalty Interests Royalty Interests Ownership 100% Group Ten (Royalty-Free) NSR, with buy-down Black Lake–Drayton (100% Group Ten) NSR, with buy-down BLACK LAKE NSR, with buy-down Infrastructure Main Roads Infrastructure Railroad Main Roads Ra
Slide 25: Appendix C: Capital Raise Comparable Analysis
Appendix C Capital Raise Supporting Analysis – Comparable Analysis stock price shares outstanding capital raised to avg daily value enterprise value cash & equivalents (previous close) (M) float (%) market cap (C$M) project sizedate traded 20D ('000s) (C$M) (C$000) Development Stage DEV_STAGE Mean $
Slide 26: Appendix C: Capital Raise Comparable Analysis
Appendix C Capital Raise Supporting Analysis – Comparable Analysis avg daily value cash & stock price shares capital raised to traded 20D enterprise value equivalents (previous close) outstanding (M) float (%) market cap (C$M) project sizedate ('000s) (C$M) (C$000) Property Name Operator Name Develo
Slide 27: Moretti Zone – Bonanza Area
Appendix D: Four Mineralized Structural Zones 1. Moretti Zone – Bonanza Area Historical samples up to 134.4 g/t and 6% Cu STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 30
Slide 28: Moretti Zone – Drag Fold-Emerald Area
Appendix D: Four Mineralized Structural Zones 1. Moretti Zone – Drag Fold-Emerald Area Historical samples up to 80 g/t STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 31
Slide 29: Split Lake Area Photo Library
Appendix D: Four Mineralized Structural Zones 2. Split Lake Zone: Split Lake Area Photo Library 2021 Split Lake Dump Area September 2021 STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 32
Slide 30: Split Lake Area Blast Rock
Appendix D: Four Mineralized Structural Zones 2. Split Lake Zone: Split Lake Area Photo Library 2021 Split Lake Area September 2021 – Blast Rock STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 33
Slide 31: Shaft Area Photo Library – Shaft 1
Appendix D: Four Mineralized Structural Zones 3. Shaft Zone: Shaft Area Photo Library 2021 Heritage Due Diligence visit – Shaft 1 Area STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 34
Slide 32: Shaft Area Photo Library – Shaft 2
Appendix D: Four Mineralized Structural Zones 3. Shaft Zone: Shaft Area Photo Library 2006 – Shaft 2 Area STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 35
Slide 33: Shaft Area Photo Library – DDH
Appendix D: Four Mineralized Structural Zones 3. Shaft Zone: Shaft Area Photo Library 2006 – DDH – 5.4 g/t Au 2006 – DDH – 7.4 g/t Au DT06 Trench West Looking STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 36
Slide 34: McCombe FP61 Past Workings
Appendix D: Four Mineralized Structural Zones 3. Shaft Zone: McCombe FP61 Past Workings 1988 DDH 883-, between 65.0 and 135 feet, a core length of 70 feet, which assayed 0.47% Cu and 0.62 g/t Au, including a 6.0 foot section assaying 1.61% Cu and 3.19 g/t Au 1961: Work performed by McCombe Mining &
Slide 35: McCombe FP61 Past Workings
Appendix D: Four Mineralized Structural Zones 3. Shaft Zone: McCombe FP61 Past Workings 2021 Heritage Due Diligence visit – McCombe/FP61 Trench 1 (Left) Blast Rock (Right) STRICTLY PRIVATE AND CONFIDENTIAL H E R I T A G E M I N I N G 38
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