Belmont Resources Inc. · TSXV:BEA
Belmont Resources — Investor Presentation (September 2022)
29 slides from Belmont Resources's investor presentation, September 2022
Slide 1: A Rich Portfolio of Projects
A Rich Portfolio Of Projects Caution: Drilling in Progress September 2022
Slide 2: Cautionary Statement
Cautionary Statement Except for historical information contained herein, this presentation may contain forward‐looking statements including, but not limited to, comments regarding predictions and projections. Forward‐looking statements address future events and conditions and therefore involve inher
Slide 3: Kibby Basin Lithium Project Drilling in Progress
Kibby Basin Lithium Project Drilling in Progress 3,000m drill program in progress 3 drill hole program testing the highly conductive anomaly which may potentially represent a large lithium brine aquifer. 3
Slide 4: Kibby Basin Lithium Project, Nevada
Kibby Basin Lithium Project, Nevada Drilling in Progress The Kibby Basin Lithium Project totaling 13,440 acres (54 sq km) is located 60kms north of Clayton Valley Basin Lithium. Albemarle is located in the Clayton Valley and owns the only producing lithium mine in the United States. 4
Slide 5: Kibby Valley Basin Similar to Clayton Valley
Kibby Valley Basin Similar to Clayton Valley The Kibby Valley Basin has similar criteria for potential lithium deposits to that of the Clayton valley to the south. However unlike the Clayton Valley, Kibby Valley is fully permitted for water for brine processing and production of lithium compounds. 5
Slide 6: Active Faulting
Active Faulting Active faulting appears to be involved in all lithium basins. Fault‐related subsidence creates accommodation space, without which only a thin veneer of basin sediments could accumulate. A thick basin fill is needed to provide an aquifer of sufficient volume to hold a viable brine res
Slide 7: Gravity Survey
Gravity Survey • A pull-apart drop down closed basin. • The setting of Kibby Flat indicates a basin large enough to develop layers that could act as aquifers as well as allow for development of a favorable hydrogeologic setting to host lithium-bearing brines.
Slide 8: Magnetelluric (MT) Survey
Magnetelluric (MT) Survey • Magnetelluric (MT) geophysical survey identified large (34 sq km) conductive anomaly (<5 ohm) that may represent a potential large target for Li-brines.
Slide 9: 3D Inversion of MT Geophysical survey data
3D Inversion of MT Geophysical survey data indicates a conductive anomaly up to 1,300m thick.
Slide 10: The Kibby Basin Lithium Claims Marquee JV/Options
The Kibby Basin Lithium Claims Marquee JV/Options Kibby Playa Claim Block In November 2021, Belmont announced a Option/JV agreement with Marquee Resources (ASX.MQR) for a 10 sq km central portion of Belmont’s Kibby Claim. The agreement terms are: • for Marquee to issue Belmont C$100,000 cash upon si
Slide 11: Marquee/Belmont JV – 3,000m Drill Program DH22-01
Marquee/Belmont JV – 3,000m Drill Program Drill Hole DH22‐01 – in progress 11
Slide 12: Marquee/Belmont JV – 3,000m Drill Program DH22-02
Marquee/Belmont JV – 3,000m Drill Program Drill Hole DH22‐02 – Being Setup 12
Slide 13: Permitted for Water
Permitted for Water The Kibby Basin lithium property is fully permitted by the state of Nevada to extract a maximum 2,896 acre‐feet (944 million gallons) annually of water for brine processing and production of lithium compounds. Obtaining a water permit for the Kibby Basin lithium project was a maj
Slide 14: Acquiring past producing mines in a prolific mining camp
Acquiring past producing mines in one of the most prolific mining camps of western North America • The prolific Greenwood mining camp of southern British Columbia and the adjacent Republic camp of Washington state, have a rich history of mining. It is considered to be one of the most concentrated mi
Slide 15: Come By Chance (CBC) Property
Come By Chance (CBC) Property Targeting Large Copper‐Gold Porphyry Come By Chance Magnetic Survey 15
Slide 16: Come By Chance (CBC) Property
Come By Chance (CBC) Property • Drilling targeting potential deep‐seated copper/gold porphyritic, bulk tonnage, mineral resource. • Mineralized skarns and epithermal zones potentially associated with concealed porphyry intrusive of copper/gold mineralization. • High‐gold and copper values at surface
Slide 17: Magnetic Survey
Magnetic Survey Belmont Low Level, Hi Res Mag Survey Further Supports The Potential For Finding a Large Copper‐Gold Porphyry Model LIDAR Survey • The aeromagnetic survey results revealed a strong magnetic low bounded by two magnetic highs which are indicated as structurally controlled mineralized zo
Slide 18: IP Survey
IP Survey The IP survey results substantiated some of the indications of the potential for a structurally controlled concealed mineralized intrusive. The results revealed three anomalous chargeability high (more than 23 ms) zones correlative or associated with an anomalous low resistivity zone. All
Slide 19: Phase I 2022 Drilling
Phase I 2022 Drilling In the spring of 2022 Belmont conducted a 2,304m (6 hole) drill program focusing primarily on chargeability high targets located in the lower south west area of the property. 19
Slide 20: Phase I 2022 Drilling
Phase I 2022 Drilling • The 2,304 meter drill program confirmed porphyry style alteration, veining and mineralization over an initial area measuring 1,300 meters by 900 meters. • Extensive propylitic (chlorite, epidote, albite and carbonate) alteration encountered in all six drill holes. Common to m
Slide 21: Phase I 2022 Drilling
Phase I 2022 Drilling • An abundance of pyrite rich zones (charge hi) were intercepted which is common to copper porphyries. This fact accounted for the chargeability highs in the IP survey. • We can also see from the IP chargeability results there is a charge‐hi anomaly encircling the center of the
Slide 22: Phase II 2022 Drilling
Phase II 2022 Drilling • A Phase II 2022 drill program is planned for October 2022. • Drilling will focus on the north east area of the property targeting the apparent center of the porphyry system. • The Geophysical target: chargeability low – resistivity low – magnetic low. 22
Slide 23: Lone Star Copper-Gold
Lone Star Copper‐Gold 7,888m drilling program completed NI 43‐101 Resource Estimation in Progress • Past Producing Mine • In 2007 the previous owner, Merit Mining, published a 43‐101 resource report (historic) shortly after which all operations were stopped due to the 2008 economic crisis. • July 20
Slide 24: Lone Star Mine 2007 Historic Resource
Lone Star Mine 2007 Historic Resource *“Technical Report and Resource Estimate on the Lone Star Deposit, Ferry County Washington (September 23, 2007)” for Merit Mining Corp. and authored by P&E Mining Consultants Inc. NI 43‐101 Disclosure: A qualified person has not done sufficient work to classify
Slide 25: Lone Star Mine
Lone Star Mine Drilling Completed at Lone Star Copper‐Gold Project Jun 8, 2022 A 7,888 m drill program has recently completed: 1) Validate the historical 250 drill hole database and resource model; 2) Achieve an infill drill hole spacing that is appropriate for advancing the 2007 historic inferred m
Slide 26: Lone Star Mine
Lone Star Mine 46 Diamond Drill Holes for 7,888 m Completed at Lone Star Copper‐Gold Project Jun 8, 2022 2022 Drilling Highlights • NI 43‐101 compliant mineral resource estimate In progress (Mining Plus Pty Ltd) • Estimated completion Sept. 2022 • Upon completion a decision will be made as to whethe
Slide 27: 2022 Upcoming Milestones
2022 Upcoming Milestones Kibby Basin Lithium Project • Lithium sample results from drill hole 22‐01 • Drilling holes 22‐02 & 03 Lone Star Copper‐Gold Project • 43‐101 compliant resource estimation announcement • Preliminary Economic Assessment commencement Come By Chance (CBC) Copper‐Gold Porphyry P
Slide 28: Key Facts
Key Facts Share Info As of July 31, 2022 Shares: 63.7M Warrants: 30.9M Options: 5.3M Fully Diluted: 99.6M Contact Info Belmont Resources Inc.– TSX‐V: BEA Suite 615 – 800 W. Pender Street Vancouver, British Columbia, Canada V6C 2V6 Telephone: (604) 505‐4061 E‐mail: [email protected] 28
Slide 29: A Rich Portfolio of Projects
A Rich Portfolio Of Projects Caution: Drilling in Progress September 2022
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