Silver Range Resources Ltd. · TSXV:SNG
Silver Range Resources — Investor Presentation (May 2022)
32 slides from Silver Range Resources's investor presentation, May 2022
Slide 1: Corporate Presentation May 2022
Corporate Presentation May 2022
Slide 2: Forward-looking statements and NI 43-101 disclaimers
TSX-V:SNG Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that
Slide 3: Why Silver Range?
Why Silver Range? TSX-V:SNG • A focus on higher grade prospects (> 5 g/t Au) delivers more attractive high margin deposits • Improved odds of success via a large, high quality property portfolio in Nevada, Nunavut, NWT • Capital structure primed to reflect success: large, disciplined management stak
Slide 4: Management and Directors
Management and Directors TSX-V:SNG Mike Power, M.Sc., P.Geo. Geologist, geophysicist and founding partner of Aurora Geosciences Ltd. Over 35 years President, CEO & Director experience mineral exploration and project generation. John Gilbert, M.Sc. Geologist and entrepreneur with a Masters of Science
Slide 5: Technical Advisors
Technical Advisors TSX-V:SNG Richard (Dick) Reid, CPG. Dick Reid is the former Chief Geologist – North America for Newmont Gold Corp. He has over 30 years of experience in mineral exploration, evaluation and acquisitions – particularly in Nevada Rob Carpenter, PhD, P.Geo. Rob Carpenter founded Kamin
Slide 6: Capital Structure
Capital Structure TSX-V:SNG SHARES OUTSTANDING: 88,905,504 FULLY DILUTED: 108,930,504 WORKING CAPITAL1: ~$850,000 Significant Holders (54.3%) SILVER RANGE INSIDERS2 17.5% AURORA GEOSCIENCES LTD. 10.2% STRATEGIC METALS LTD. 17.2% CONDIRE INVESTORS3 9.5% Options/Warrants OPTIONS $0.11-$0.25 8,470,000
Slide 7: Upside market potential?
Upside market potential? TSX-V:SNG Market cap (14 Apr 2022) 1,000,000,000 100,000,000 10,000,000 1,000,000 (29 TSX / TSX-V listed Prospect Generators) 7
Slide 8: Silver Range – Market focus
Silver Range – Market focus TSX-V:SNG High grade SILVER RANGE gold, 1 • The only prospect generator focused on high grade precious metal targets. Multi- Precious commodity, 13 metals, 7 • Target criteria: • > 5 gpt Au / 500 gpt Ag Gold-copper, 5 surface samples • In deposit classes Copper- generatin
Slide 9: A Large Property Portfolio… Better odds of success
A Large Property Portfolio… TSX-V:SNG More projects More opportunities Better odds of success Active Projects 140 120 100 80 60 44 40 20 0 (29 TSX / TSX-V listed Prospect Generators, most recent annual audited financials and company websites) 9
Slide 10: … In Safe Places
… In Safe Places TSX-V:SNG 3/1 3/1 14/0 SILVER RANGE PROJECT/ROYALTY LOCATIONS Mining friendly jurisdictions rich in gold and silver 24/2 10
Slide 11: Is my money going into the ground?
Is my money going into the ground? TSX-V:SNG Annual cash expense $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $371,602 $0 (G&A less non-cash accruals / Most recent annual financial statements as of Jul. 12, 2021 (SEDAR) ) 11
Slide 12: Could they find something really valuable?
Could they find something really valuable? TSX-V:SNG TREE RIVER PROJECT • North America’s only Pilbara-style Wits 2.0 target • Archean conglomerate-hosted gold • Historic surface samples to 142 g/t Au. • Regional scale trend covered by 392 km2 prospecting permits SOUTH KITIKMEOT GOLD PROJECT • Domin
Slide 13: Nunavut Projects
Nunavut Projects TSX-V:SNG TREE RIVER ATLANTIS • North America’s only Pilbara- • 21 Sq Km of highly prospective style gold target Archean mafic volcanic rocks • Similar to recent discoveries by identified in 2002. Novo Resources (Beaton) • 55 km north-northwest of • Archean conglomerate hosted Agnic
Slide 14: Nevada Projects
Nevada Projects TSX-V:SNG Black Star Steptoe • Mesothermal quartz vein • High grade surface grabs to array with small scale 248 g/t gold past production • Two small historic mines • Initial grab samples up to • Key holdings in a larger 18.95 g/t Au and chip district sample results up to 0.5 m @ 19.6
Slide 15: Northwest Territories Projects
Northwest Territories Projects TSX-V:SNG Sparta Hare • Multiple gold rich • Underexplored quartz veins greenstone belt • Historical non-43-101 hosting visible compliant high-grade gold resource open for • Grab samples up expansion to 100 ounces per ton gold Cabin Lake Up Town Gold (Royalty Interest)
Slide 16: Yukon Projects
Yukon Projects TSX-V:SNG Michelle • High grade Zn-Ag • Carbonate hosted • Belt-sized prospect • Drill results include 16.75% zinc, 8.86% lead and 310 g/t BARB Deposit silver over 18.29 m • Historic non-compliant • Silver Range is a resource estimate of 19.9% shareholder 533,434 tonnes of Silver47, I
Slide 17: Are they generating deals?
Are they generating deals? TSX-V:SNG Active deals versus years in business 16 Properties Under Option 14 13 12 10 8 6 4 2 0 CRTS OGN TKU DEX VZZ GDP SNG IMR BEX XTM AVU SMN MRO MRZ RRI ZC AU NGE ANZ LRA GZZ SMD CGP EMX AN GMX MD EPL AZM 5 10 Years in Business 20 30 (source: company websites and corp
Slide 18: Are they generating cash?
Are they generating cash? TSX-V:SNG Revenue versus years in business $5,000,000 $558,393 $500,000 $50,000 CRTS OGN TKU DEX VZZ GDP SNG IMR BEX XTM AVU SMN MRO MRZ RRI ZC AU NGE ANZ LRA GZZ SMD CGP EMX AN GMX MD EPL AZM 5 10 Years in Business 20 30 (Option payments, reimbursed exploration & interest
Slide 19: Is there more to come?
Is there more to come? TSX-V:SNG Option Payments Received and Forecast $4,500,000 $4,000,000 $3,885,030 $3,500,000 $3,000,000 $2,657,435 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $547,724 $509,935 $500,000 $395,844 $195,000 $285,000 $102,500 $98,535 $0 2016 2017 2018 2019 2020 2021 2022 2023 2024
Slide 20: Organic Royalty Generation
Organic Royalty Generation TSX-V:SNG Project Name Current Optionee Royalty Advanced Royalty Payments Buy-out Cabin Lake Rover Metals – earned in 2% NSR $20,000/yr. starting Feb. 2023 1.50% Yuge Trifecta Gold – earned in 2% NSR no 1% Supernova Metals Corp. – Cold Springs earned in 2.5% NSR no 1.5% Mi
Slide 21: Teeing up asymmetric bets
Teeing up asymmetric bets TSX-V:SNG 1. Strong Box – Drill ready, past production, available for option 2. Gold Chief – Past production, 3DIP defined drill targets, available for option 3. Drill targets being developed at • East Gold Point (under option, 25% retained interest) • Cambridge & others 21
Slide 22: Strongbox
Strongbox TSX-V:SNG • Widespread surface gold to 27.1 g/t Au • 25 of 64 > 1 g/t Au • 14 of 64 > 5 g/t Au • 2017 chip sampling within the broad alteration zone returned 20 m @ 0.923 g/t Au • Past placer & underground hard rock production • Granite hosted / structurally controlled veins & breccia 22
Slide 23: Strongbox
Strongbox TSX-V:SNG • Gold in bedrock straddling Tule Canyon • Host is Jurassic granite (Jfi), exposed near Tule Creek • Wide alteration zone on west side of canyon (kao-ill-smect-lim-hem +calc + jar) • Underground mining (narrow stopes) east side of the creek 23
Slide 24: Strongbox
Strongbox TSX-V:SNG DRILL TARGET DEFINED BY EM / MAGNETIC FIELD SURVEYS 24
Slide 25: Gold Chief
Gold Chief TSX-V:SNG • Carbonate-hosted gold in normal and detachment faults • Past production – 5200 t @ 6.18 g/t Au (run of mine) • Recent sampling: • 14 m @ 1.93 g/t Au • 4.58 g/t Au (1 m chip) • 3D IP survey defines two targets: ➢ Structural control on down-dip extension of mine mineralization ➢
Slide 26: Gold Chief
Gold Chief TSX-V:SNG • Stampede Detachment Fault and associated ramp – conduit for mineralizing fluids • Cambrian Highland Peak (CH) carbonates – host for mineralization 26
Slide 27: Gold Chief – Drill targets defined
Gold Chief TSX-V:SNG DRILL TARGETS DEFINED Resistivity inversion model (Green (< 100 ohm- m) fault bounded low resistivity rock Unit) Chargeability inversion model Pink (> 7 mV/V) – chargeable zone beneath Mine mineralization. Drill intersected sulphides DRILL DOWN DIP FROM MINE WORKINGS THEN TEST D
Slide 28: Gold Point – camp scale project
Gold Point – camp scale project TSX-V:SNG Under option to GGL Resources Corp. which can earn a 75% interest for $180,000 cash and $1.5 million in exploration expenditures over 3 years. RC drilling underway. Similar Nearby Deposits • Mineral Ridge Mine • Same host formation & style of mineralization
Slide 29: East Gold Point – Future work
East Gold Point – Future work TSX-V:SNG Geophysical & soil geochemical surveys, geological mapping & sampling followed by trenching & drilling proposed to trace mineralized veins. View from American Hornsilver Shaft along property axis to Gold Point 29
Slide 30: Blackstar
Blackstar TSX-V:SNG • Mesothermal/intrusion related gold in quartz veins and breccias. • Vein array with individual veins traced for 60 m. • Historical small-scale production. • Initial grabs to 18.95 g/t gold. 30
Slide 31: Near term strategy
Near term strategy TSX-V:SNG • Seek JV partners for drill-ready projects • Advance to drill ready: • Bellehelen (silver) • Cambridge (gold) • Continue generative work in Nevada, Nunavut • Grow royalty portfolio 31
Slide 32: Contact Information
Contact Information TSX-V:SNG Silver Range Resources Ltd. 510 – 1100 Melville Street Vancouver, BC, V6E 4A6 Phone: 604-687-2522 Toll Free: 1-888-688-2522 Web: www.silverrangeresources.com Investor Relations: Richard Drechsler Phone: 604-687-2522 Toll Free: 1-888-688-2522 E-mail: rdrechsler@silverran
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