Heritage Mining Ltd. · CSE:HML
Heritage Mining — Investor Presentation (December 2023)
32 slides from Heritage Mining's investor presentation, December 2023
Slide 1: Investor Presentation Q4 2023
Investor Presentation CSE:HML FRA:Y66 — Q4 ‘23 CSE:HML FRA:Y66 Heritage Mining Ltd. 1
Slide 2: Legal Disclaimer
Strong Precious & Base Metal Legal Disclaimer Projects in NW Ontario, Canada Forward Looking Information and Statements Technical Disclosure This presentation contains “forward-looking information” for purposes of applicable Technical and scientific information contained herein relating to the Drayt
Slide 3: Company Overview
Strong Precious & Base Metal Company Overview Projects in NW Ontario, Canada Heritage Mining Ltd. is a junior exploration company focused on developing Tier-1 precious and base metal assets in mining-friendly regions. The Company is listed on the Canadian Securities Exchange (CSE: HML) and the Boers
Slide 4: Investment Opportunity
Strong Precious & Base Metal Company Overview Projects in NW Ontario, Canada Investment Opportunity ⦿ Diversified exploration company in ⦿ Undervalued relative to comparable, (Both precious and base metal projects) Ontario-focused exploration companies ⦿ Excellent access to infrastructure: Northwest
Slide 5: Company Snapshot
Company Snapshot Management Directors Summary Retail (60%) and Consultants (15%) Coverage Couloir Capital (Buy: C$0.40) Current Share Price* C$0.05 Market Capitalization* ~C$2.3M Ten Point Fund (6%) Ave. Volume (20 Days)* ~250,000 Shares per Day Other (11%) Basic* ~47M Warrants and Options ~34M Stil
Slide 6: Company Snapshot: Coverage & News Flow
Price, Volume, Company Snapshot Coverage & News Flow 6 Key Takeaways: Alcona - Target Mapping 1-2 (done) Drilling (Phase 1) 1-2 (partial) Summary Findings 1-2 (pending) Other NM - Target 1-2 (done) 1-2 (pending) 1-2 (pending) 1. Good volume and support around recent drilling news Heritage Mining Ltd
Slide 7: Milestone Highlights
Milestone Highlights Dec 4, 2023 Two Large Ni-Cu-PGE Mafic-Ultramafic Intrusives Oct 17,2023 Alcona Drill Sep 13, 2022 Mar 14, 2023 April 13, 2023 July 20 Results Aug 21, 2023 Field Program Results & Trading 1st Tranche PP Mira Geoscience 3rd Tranche PP Airborne Geophysics (FRA:Y66) Engaged Mar 15,
Slide 8: Board of Directors, Management & Technical Team
Management & Board of Directors Technical Team Peter Schloo, CPA, CA, CFA Patrick Sullivan CEO, President & Director Corporate Secretary Director of Pacific Empire Minerals Corp. EVP Toronto, Couloir Mr. Sullivan is a mining, M&A and securities lawyer at a national Capital, Previously Interim CFO an
Slide 9: Strategic Geology Advisors
Strategic Geology Advisors Stephen Hughes, P.Geo A seasoned mining executive with over 30 years’ experience, having acted in technical, management & executive positions and directorships with several publicly listed and private mineral resource companies. Significant experience in mergers and acquis
Slide 10: Regional Geologic Setting
Mature Regional Geologic Setting Greenstone Belt Drayton – Black Lake Project Contact Bay Project 10 Heritage Mining Ltd. CSE:HML FRA:Y66
Slide 11: Overview: Drayton Black Lake
Strong Precious & Base Metal Overview Projects in NW Ontario, Canada VG observed in 2022 field program up to 208 g/t Au Drayton Black Lake – Flagship (Au, Au-Ag, Cu) • Advanced Stage Project • ~15,257ha; along trend of treasury metals’ goliath complex • Rainy River-Dryden-Sioux Lookout Gold District
Slide 12: Drayton-Black Lake Project Area
Located in a mature gold mining Drayton-Black Lake Project Area district with excellent infrastructure Drayton – Black Lake Project Three Deposit 3 Black Lake Potential Areas: 2 1 *Ind: 0.07 Moz Au 1. Alcona *Ind: 0.94 Moz Au Drayton 2. New Millennium *Inf: 0.70 Moz Au 3. Moretti • 2023 Phase 1 Dril
Slide 13: Drayton-Black Lake: Multiple High-Grade Au-Ag Mineral Systems
2022/2023 Confirms Multiple Drayton-Black Lake Project Area High-Grade Au-Ag Mineral Systems Active 2023 Drill Program on Three Potential High-Grade Au-Ag Deposits, from Surface: 3 Presence of a large, structurally controlled, high grade Au-Ag vein systems Multiple, widespread Au-Ag mineralized defo
Slide 14: Alcona Main: Potential Deposit (1)
2023/2022 Exploration Program 2022/2023 Alcona Main Alcona Area: Potential Deposit (1) Exploration Alcona Area – Highlights Highlights Drayton Black-Lake – Flagship Alcona Area: Au-Ag Advanced Stage Project • Similar mineralization styles to Treasury Metals’ Goldlund Deposit (+1Moz Au Resource and R
Slide 15: 2023 Drill Program – Alcona Area
2023 Drill Program – Alcona Area Alcona Main: Potential Deposit (1) – Multiple Broad Au-Ag Intervals 2023 Drill Highlights • HML23-001: 0.68 g/t Au over 8.15m CH-22-21 CH-22-22 • HML23-002: 0.86 g/t Au over 11.4m O CH-22-23 and 0.34 g/t Au over 10.60m pe n HML23-006 • HML23-003: 0.77 g/t Au over 6.8
Slide 16: 2023 Drill Program – Alcona Area Broad Au-Ag Intervals
2023 Drill Program – Alcona Area Alcona Main: Potential Deposit (1) – Broad Au-Ag intervals Alcona Area mineralization suggests a strong positive relationship between Au-Ag-Te along with positive correlations between Au and several other potential pathfinder elements similar to mineralization styles
Slide 17: Alcona Bulk Mineable Potential
Alcona Bulk Mineable Potential Company Historic Data Analysis - Only Quartz Veins Assayed 2023 Geological model pending update 0.31m @ 0.62 g/t Au 0.46m @ 2.68 g/t Au; 0.5m @ 1.43 g/t Au; 0.5m @ 0.32 g/t Au; 0.5m @ 2.44 g/t Au; 0.91m @ 1.43 g/t Au 1.52m @ 0.62 g/t Au; 1.52m @ 1.24 g/t Au; 0.5m @ 2.8
Slide 18: New Millennium: Potential Deposit (2)
2023/2022 Exploration Program 2023/2022 Alcona Main New Millennium: Potential Deposit (2) Alcona Area – Highlights Exploration Highlights Never Drilled Drayton Black-lake – Flagship New Millennium Area: Au-Ag Advanced Stage Project • Similar mineralization styles to Treasury Metals’ Goldlund Deposit
Slide 19: New Millennium: Potential Deposit
New Millennium: Potential Deposit (1) 2022 Confirmed Multiple Potential High- Grade Au-Ag Vein System at Surface T9: • CH-22-18 (1.5 m) - 0.81 g/t Au over 1.5 m; incl. 1.19 g/t Au and 9.06 g/t Ag over 0.5 m • CH-22-17 (3.0 m) - 4.69 g/t Au and 23.4 g/t Ag over 0.5 m • CH-22-16 (4.2 m) - 5.31 g/t Au
Slide 20: Moretti Area: Potential Deposit (3)
2023/2022 Exploration Program Moretti Area: Potential Deposit (3) Alcona Area – Highlights Drayton Black-lake – Flagship Moretti Area: Au Advanced Stage Project • Similar mineralization styles to Treasury Metals’ Goliath Deposit (+1Moz Au Resource and Reserve) • Historic surface work hit high grade
Slide 21: Moretti Area: Potential Deposit (3)
2022/2023 Confirmed Potential High- Moretti Area: Potential Deposit (3) Grade Au-Ag Vein System at Surface Grab samples up to 1,212 g/t Au, with the best channel sample returning 155 g/t Au over 60 cm g th en ik el DDH 1999 l s tr 0.24m @ 190.7 g/t Au (Visible Au) tia Under Historic Bulk Sample 1950
Slide 22: Multiple Deposit Potential
2022/2023 Confirms Multiple Drayton-Black Lake Project Area Deposit Potentials Multiple Deposit Potential Heritage Claims ~ 15,257Ha Moretti Black Lake New Millennium Alcona 22 Alkenore Heritage Mining Ltd. Shaft CSE:HML FRA:Y66 Forster
Slide 23: Shaft & Forster Zones
Shaft & Forster Zones Drilling Program intersected significant quartz vein associated Au mineralization in 7 holes over a strike length or 400m. DDH88‐3 Assayed: 21.34m @ 0.62 g/t Au and 0.47% Cu. Trenching Results up to 15.77g/t Au over 1m, 11.66g/t Ag over 3.25 ft and 1.85 % Cu over 3m 23 6m wide
Slide 24: Drayton–Black Lake Option Agreements
Stillwater Critical Drayton–Black Lake Option Agreements Minerals & Zarn Lake Option % Option % Terms Payments (C$) Shares** Project Spend (C$) Stillwater Critical Minerals Zarn Lake Drayton – Black Lake (Binding LOI Deposit) $20,000 Definitive Agreement Signed $20,000 IPO/Go Public Transaction* 3,0
Slide 25: Overview: Contact Bay
Strong Precious & Base Metal Overview Projects in NW Ontario, Canada Evidence of Rognon Mine shaft Contact Bay – (Au, Cu-Ni-PGE) • 100% owned 4,640Ha; Adjoins Kinross Gold • Rainy River-Dryden Gold District • Au - Past Development (~22.2 oz Au 1900’s production) • Cu, Ni and PGE mineralization in hi
Slide 26: Contact Bay – 2023 Program Highlights
Two Cu-Ni-PGE Target Contact Bay – 2023 Program Highlights Areas in l a 2 km n ti + te g th 1 2 p o le n + 1km w id e +1km in1. Rognon Mine Area depth + 5k potential mi np 2. North Nabish Lake Area (Ni-Cu-PGE) de o te n t ia wi l le ngt km h +1 1. N ab i sh L ak eA rea 1. Nabish Lake Area (Ni-Cu-PGE
Slide 27: Contact Bay – High-Grade Au, Cu, Ni and PGE Prospects
High-Grade Au, Cu, Ni Contact Bay – 2023 Program Highlights and PGE Prospects 1. Rognon Mine Area 2023 multiple Grabs samples from 0.29 g/t Au to 3.86 g/t across 2km long shear zone Past production (1916-1918) 22.2 oz Au and 0.5oz Ag (by hand) from 49tons milled. Historic mine shaft 106ft deep with
Slide 28: Contact and Investor Relations
Heritage Mining Inc. Investor Relations Peter Schloo, CPA, CA, CFA Investor Cubed Inc. President, CEO & Director Neil Simon, CEO [email protected] [email protected] 905.505.0918 (647) 258-3310 CSE:HML FRA:Y66 Heritage Mining Ltd. 28
Slide 29: Appendix
ii Appendix HERITAGE MINING LTD CSE:HML FRA:Y66
Slide 30: Appendix A: Adjacent Properties Resource Estimates
Resource Estimates Appendix A Adjacent Properties Treasury Metals, Golden Goliath Complex, 14 April 2022 Press Release Measured and Indicated Deposit Classification @ Cut-off Tonnes (kt) Au Grade Contained Au (koz) Grade (g/t Au) (g/t Au) Goliath Measured @ OP 0. 25 g/t Au 6,223 1.20 239.5 Goliath M
Slide 31: Till Sampling – Exploration Tool
Rainy River Discovery Driven Till Sampling – Exploration Tool Largely by Till Sampling Limited till sampling identified significant anomalies, +600 gold grains in tills Moretti Zone Split Lake Zone Shaft Zone 31 Forster Zone Heritage Mining Ltd. CSE:HML FRA:Y66
Slide 32: Appendix B: History Drayton – Black Lake
Appendix B History Drayton – Black Lake Rio Tinto, Wright-Hargreaves, Teck, Placer Dome, Cameco +100 years worth of exploration data being compiled. Large collection of information, drill ready, strategy to rapidly advance project. Year Operators Summary 1930-1950 • Alcona Gold Mines Ltd • Abbot Red
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