Stelmine Canada Ltd. · OTC:STHFF

Stelmine Canada — Investor Presentation (August 2023)

20 slides from Stelmine Canada's investor presentation, August 2023

  1. Slide 1: Pioneering a New Gold District in Northeastern Quebec

    Pioneering a New Gold District in Northeastern Quebec Isabelle Proulx CEO, Stelmine Canada at Mercator TSXV: STH | OTC: STHFF | FSE: SS5 Stelmine Accelerates Early-Stage stelmine.com Discoveries at Courcy and Mercator August 2023

  2. Slide 2: Forward-Looking Statements

    © 2023 – Stelmine Canada Ltd. Forward-Looking Statements Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes “forward looking information”, with respect to a performance expectation for Stelmine Canada. Such forward looking

  3. Slide 3: Regional Map

    © 2023 – Stelmine Canada Ltd. Regional Map GOLD DISCOVERY JOURNEY WEST TO EAST Courcy and Mercator are part of the Opinaca metasedimentary stelmine.com basin where the geological context has similarities to Newmont’s Eleonore mine to the west. • 100 to 200 km from Fermont, TSXV:STH | OTC: STHFF | FS

  4. Slide 4: Eastern Opinaca basin: Courcy and Mercator

    © 2023 – Stelmine Canada Ltd. 938 km2, 100% Owned by STH Eastern Opinaca basin 150 km west of Fermont Courcy Discovery Hole: Mercator: 42-m core interval grading 4.2 A 500 m wide mineralized zone at g/t Au starting just 12 m the core of a 2.5 km corridor downhole (includes 12.2 g/t Au over 13.5 m an

  5. Slide 5: Capital Structure & Valuation

    © 2023 – Stelmine Canada Ltd. Capital Structure & Valuation Capital Structure as of August 2023 Shares Outstanding 93,193,891 Warrants 26,050,055 Options 8,490,000 Fully Diluted 127,733,946 stelmine.com Value $10M 52 week (High-Low) $0.23 - 0.10 TSXV:STH | OTC: STHFF | FSE: SS5 TSXV: STH | OTC: STHF

  6. Slide 6: Highlights

    © 2023 – Stelmine Canada Ltd. Mercator Highlights District Size 100%-Owned Property – 1,095 claims (595 km²) Large-Scale Gold Potential The system at Mercator appears to continue for many kilometres past the Meridian Zone Mercator is a rare occurrence of an Archean orogenic type mineralization assoc

  7. Slide 7: Drilling Campaign - 2022

    © 2023 – Stelmine Canada Ltd. Mercator Drilling Campaign - 2022 The company drilled 1950 m (13 drill holes) on the Meridian gold-bearing Zone extending 2.5 km X 500 m. stelmine.com Best core intercepts: 17,8 m @ 2,62 g/t Au m, incl. 5,6m @ 4,87 g/t Au (DDH-MCT22-08) 8,65 m @ 1,22 g/t Au, TSXV:STH |

  8. Slide 8: Drilling Campaign - 2022

    © 2023 – Stelmine Canada Ltd. Mercator Drilling Campaign - 2022 DDH #​ From (m)​ To (m)​ Interval* (m)​ Au (g/t)​ DDH #​ From (m)​ To (m)​ Interval* (m)​ Au (g/t)​ 5 of the 13 drillholes yielded MCT22-01​ 9.30​ 15.67​ 6.37​ 1.22​ MCT22-11​ 99.00​ 108.00​ 9.00​ 1.02 significant intersections with gol

  9. Slide 9: Drilling Campaign - 2022

    © 2023 – Stelmine Canada Ltd. Mercator Drilling Campaign -2022 A. A northern view of the Meridian zone shows three roughly parallel 1.4 km long, NE/SW oriented gold-mineral zones, exposed on a hill crest and valley floor, dipping shallowly to the NW and open in both directions stelmine.com B. The IP

  10. Slide 10: Drilling Campaign - 2022

    © 2023 – Stelmine Canada Ltd. Mercator Drilling Campaign - 2022 Breccia / intrusion 47.15m Gold occurrences on the property are associated with pyrrhotite, pyrite, arsenopyrite-löllingite ± chalcopyrite sulphide Iron Formation mineralization. stelmine.com magnetic Highlight on the high- grade minera

  11. Slide 11: Till Survey - 2022

    © 2023 – Stelmine Canada Ltd. Mercator Till Survey- 2022 Till sampling data identify three additional orogenic-type mineralized zones Highlights: Results from the till sample survey confirm the Meridian Zone mineralization and the method has proven successful in identifying stelmine.com orogenic gol

  12. Slide 12: Till Survey - 2022

    © 2023 – Stelmine Canada Ltd. Mercator Till Survey- 2022 Highlights: New targets corelate with geophysical magnetic signatures associated with Iron Formations hosting known gold mineralization (May 11, 2023 PR). stelmine.com 96 till samples (C-horizon) were gathered 1 km apart on EW- oriented lines

  13. Slide 13: Induced Polarization survey - 2023

    © 2023 – Stelmine Canada Ltd. Mercator Induced Polarization survey - 2023 Highlights Discovery of a new 2 km- long IP anomaly (T- Rex) open to the NE and west The new anomaly is amongst the strongest on the property (in part > 25mV/V) stelmine.com The geophysical and geological characteristics of th

  14. Slide 14: Petrographic Study - 2022

    © 2023 – Stelmine Canada Ltd. Petrographic Study- 2022 Highlights: Three new elements are relevant for the potential mining exploitation of this property: stelmine.com 1. Probable late remobilisation of gold 2. Orogenic type mineralization Figure 1. Figure 1. Löllingite (Lo) partially transformed in

  15. Slide 15: A Promising Property

    © 2023 – Stelmine Canada Ltd. Mercator A Promising Property - The Iron formation hosting the Meridian Zone outcrops across a 21 km long at the surface. - Only 6% of the 595 km² property underwent systematic exploration. stelmine.com - Regional scale folding, higher gold and arsenic grades are locate

  16. Slide 16: Drill Campaign Courcy

    © 2023 – Stelmine Canada Ltd. Drill Campaign Courcy 2,237 metres of core samples Courcy Project - 178 sq. km Courcy Discovery Hole: Geological and structural framework at Courcy bears similarities to Newmont's world 42 m core interval grading 4.2 g/t class Musselwhite mine in Northern Ontario Au sta

  17. Slide 17: Results of the 2021-2022 Drill Campaign Courcy

    © 2023– Stelmine Canada Ltd. Results of the 2021-2022 Drill Campaign Courcy The Company intends to investigate these promising sites during Phase 2 DDH_No. Au (g/t) From (m) To (m) Lenght (m)* DDH_No. Au (g/t) From (m) To (m) Lenght (m)* STH21-COU001 2.86 ZONE 1 24.4 34.4 10.0 STH21-COU007 0.79 4.0

  18. Slide 18: 2021-2022 Drill Campaign Courcy

    © 2023– Stelmine Canada Ltd. 2021-2022 Drill Campaign Courcy A total of 14 drill holes comprising 2,237 metres were completed in Phase 1 Zone 1 Around SOQUEM Discovery Hole #8 • Stelmine has extended the prospective gold system in Zone 1 to at least 300 metres along the Couteau Fault stelmine.com •

  19. Slide 19: Leadership Team

    © 2023 – Stelmine Canada Ltd. Leadership Team Isabelle Proulx | BBA | President and CEO Ms. Isabelle Proulx holds a Bachelor in Business Administration. She is the co-founder of Petrolia (PEA- Normand Goulet | P.geo. , Ph.D. | Director - Geology Advisory Committee TSXV), society for whom she has act

  20. Slide 20: Contact

    Contact Isabelle Proulx President and CEO [email protected] Stellar Opportunity. 418.626.6333 TSXV: STH | OTC: STHFF | FSE: SS5 Investor Relations MarketSmart Communications Adrian Sydenham [email protected] 1-877-261-4466 stelmine.com Twitter.com/StelmineCanada Facebook.com/StelmineCanada LinkedI

Stelmine Canada — Investor Presentation (August 2023) on 6ix