Forum Energy Metals — Investor Presentation (May 2019)
21 slides from Forum Energy Metals's investor presentation, May 11, 2019
Slide 1: Janice Lake Sedimentary Copper Project, Saskatchewan
JANICE LAKE SEDIMENTARY COPPER PROJECT, SASKATCHEWAN A RIO TINTO CANADA / FORUM ENERGY METALS EXPLORATION PROJECT Exploring for Energy Metals in North America May 11, 2019 www.forumenergymetals.com FEBRUARY 20, TSX.V: 2015 FMC
Slide 2: Disclaimer
Disclaimer The following presentation may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Forward-look
Slide 3: Share Profile & Financials
SHARE PROFILE & FINANCIALS LISTED TSX VENTURE Ticker Symbol : FMC.V Shares outstanding (Basic): 107,488,904 Warrants ($0.10) 11,080,000 (exp. Apr. 2024) Warrants ($0.10 & $0.12) 4,278,160 (exp. Mar, Apr, June 2020) SHARE STRUCTURE Broker Warrants ($0.055) 133,000 (exp. August 2019) Options (at $0.10
Slide 4: Technical Team
Track Record for Success TECHNICAL TEAM For over 37 years Ken has explored and successfully discovered uranium in Saskatchewan. He has a thorough understanding of the Geology of Saskatchewan and knows how to maximize the Jim has over 45 years North exploration dollar in the Province. American and In
Slide 5: Saskatchewan #1 in Canada
Saskatchewan #1 in Canada Janice Lake Sedimentary Copper Project in the WOLLASTON COPPERBELT Seven Drill Ready Uranium Projects in the World Class ATHABASCA BASIN www.forumenergymetals.com www.forumenergymetals.com TSX.V:FMC TSX.V: FMC 5 5
Slide 6: District Scale Opportunity: Underexplored Sedimentary Copper Project
JANICE LAKE COPPER PROJECT DISTRICT SCALE OPPORTUNITY: Underexplored Sedimentary Copper Project Rio Tinto has Optioned the project for $30 Million DRILLING TO COMMENCE SUMMER 2019 SIZE • District scale mineralization over 50 km; Few Copper Plays with this Potential • 2018 Forum Drill Program – 18.5m
Slide 7: Rio Tinto Exploration Canada Option Agreement
JANICE LAKE COPPER PROJECT RIO TINTO EXPLORATION CANADA OPTION AGREEMENT • Rio to spend $3 million in exploration over the next 18 months; • Rio can earn 51% by spending $10 million in exploration over 4 years, paying Forum $490,000 in cash payments, and paying the remaining $200,000 in cash payment
Slide 8: Janice Lake Copper Project
JANICE LAKE COPPER PROJECT Paleo-continent Columbia showing major collisional orogens (2400–1500 Ma) Prolific period in Earth’s history for the creation of sediment hosted stratiform copper deposits • Udokan - Russia • Dongchuan – China UDOKAN Key period in Earth’s history • Formation of supercontin
Slide 9: Similarities to Udokan Supergiant Copper Deposit
JANICE LAKE COPPER PROJECT Similarities to Udokan Supergiant Copper Deposit Janice – Surface Expression of known Copper Horizons 54 Billion Pounds Copper, Legend Udokan – Surface Expression of known 196 Million oz Silver Late Mafic Dykes Copper Horizons Shear Zone Psammopelitic Gneiss Calc-Silcate/E
Slide 10: Janice Lake Copper Project
JANICE LAKE COPPER PROJECT ▪ Located 55km from Cameco’s Key Lake Uranium Process facility, with road access nearby and power line running through the property www.forumenergymetals.com TSX.V: FMC 10
Slide 11: Janice Lake Exploration History
JANICE LAKE COPPER PROJECT Janice Lake Exploration History ▪ (1993-1997) Noranda - 35 holes ▪ (1994-1998) Saskatchewan Geological Survey mapping ▪ (2003) Phelps Dodge - 6 holes – drops property after being acquired by Freeport McMoran for $25.9 Billion ▪ (2012-2014) Transition Metals - airborne surv
Slide 12: Highly Prospective Discovery Opportunity
HIGHLY PROSPECTIVE DISCOVERY OPPORTUNITY • LIMITED HISTORICAL DRILLING FOCUSED ON FEW WIDESPREAD SURFACE SHOWINGS • ALL 4 OF FORUM’S FIRST PASS DRILL HOLES MINERALIZED (18.5m @ 0.94% Cu & 6.7 g/t Ag, incl. 5.2m @2.22% Cu & 16.5 g/t Ag ) • NUMEROUS SHOWINGS TO THE SOUTHEAST IN SAME ROCKS REPEATED BY
Slide 13: Exploration Plans
JANICE LAKE COPPER PROJECT EXPLORATION PLANS RIO TINTO PLANS TO DRILL 25-30 HOLES FOR A TOTAL OF 7,000 METRES IN 2019 FOR ITS $3 MILLION EXPLORATION COMMITMENT 2018 drilling www.forumenergymetals.com TSX.V: FMC 13
Slide 14: Forum Drill Results
Targets: JL-1 to Janice Lake Resistivity Targets FORUM DRILL RESULTS FEM-01 50.5m @ 0.45% FEM-02 15.0m @ 0.48% FEM-03 6.0m @ 0.25% and 14.5m @ 0.31% Proposed FEM-04 36.2m @ 0.21% Drill Fences 2018 drilling www.forumenergymetals.com TSX.V: FMC 14
Slide 15: FEM-01 and FEM-03 Results
JANICE LAKE COPPER PROJECT FEM-01 and FEM-03 Results FEM-01 - 50.5m @ 0.45% Cu & 3.5 g/t Ag Incl. 18.5m @ 0.94% Cu & 6.7 g/t Ag Incl. 5.2m @ 2.22% Cu & 16.5 g/t Ag FEM-03 - 6.0m @ 0.25% Cu & 0.8 g/t Ag and 14.5m @ 0.31% Cu & 1.7 g/t Ag Incl. 4.5m @ 0.64% Cu & 3.2 g/t Ag www.forumenergymetals.com TSX
Slide 16: FEM-02 Results
JANICE LAKE COPPER PROJECT FEM-02 (165m Northeast of FEM-01 & 03) Results: FEM-02 15.0m @ 0.48% Cu, 4.3 g/t Ag, 0.4% Pb, 0.5% Zn Incl. 5.5m @ 0.15% Cu, 1.8 g/t Ag, 0.46% Pb, 1.02% Zn Incl. 5.0m @ 0.39% Cu, 4.3 g/t Ag, 1.09% Pb, 0.62% Zn www.forumenergymetals.com www.forumenergymetals.com TSX.V: FMC
Slide 17: FEM-04 Results
JANICE LAKE COPPER PROJECT FEM-04 ( 275m West of FEM-01 & 03 Results: FEM-04 36.2m @ 0.21% Cu & 0.8 g/t Ag Incl. 5.0m @ 0.56% Cu & 1.0 g/t Ag www.forumenergymetals.com www.forumenergymetals.com TSX.V: FMC 14 TSX.V: FMC 17
Slide 18: Janice Lake Copper Project
JANICE LAKE COPPER PROJECT 18.5m @ 0.94% www.forumenergymetals.com TSX.V: FMC 18
Slide 19: Forum’s opinion that the first scenario is
JANICE LAKE COPPER PROJECT Only 2 drill holes, 14 and 29, did not intersect Cu mineralization. Using the 40° dip to the northwest determined by the 2018 drill program, the height of mineralized strata is at least 500 metres. This may be due to multiple mineralized horizons, folding of the mineralize
Slide 20: Directors
DIRECTORS RICK MAZUR, P.Geo., MBA ANTHONY BALME PRESIDENT, CEO & DIRECTOR NON EXECUTIVE CHAIRMAN & DIRECTOR BURNS TENNENT-BHOHI DIRECTOR DAVID COWAN, LLB DIRECTOR HOWARD HAUGOM, PHD DIRECTOR LARRY OKADA, CA DIRECTOR MICHAEL STEEVES, CFA DIRECTOR www.forumenergymetals.com TSX.V: TSX.V: FDCFMC 2028
Slide 21: Contact Information
CONTACT INFORMATION HEAD OFFICE Suite 615, 800 West Pender St. Vancouver, British Columbia, Canada V6C 2V6 RICK MAZUR, PRESIDENT & CEO T: 604-630-1585 E: [email protected] W: www.forumenergymetals.com CRAIG CHRISTY, VP, CORPORATE DEVELOPMENT T: 250-863-0561 www.forumenergymetals.com TSX.V:
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