Bonterra Resources, Inc. · TSXV:BTR
Bonterra Resources — Investor Presentation (December 2021)
35 slides from Bonterra Resources's investor presentation, December 2021
Slide 1: Developing Québec's Next Gold Camp
TSX-V BTR | OTCQX BONXF | FSE 9BR2 Developing Québec’s NEXT GOLD CAMP Exploration and Development in the Urban-Barry Camp December 2021 TSX-V BTR | OTCQX BONXF | FSE 9BR2 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains "forward-looking information" within the meaning of Canadian securities legislation. Any information herein with respect to predictions, expectations, projections, objectives, assumptions or future events that are not historical facts may be "for
Slide 3: Executive Summary
Executive Summary Over 3 million ounces of total gold resources across all categories 1 Only permitted mill in the Urban-Barry Camp of Québec, Canada Mill has strategic value as several new discoveries have been made in the camp, but permitting timelines for new infrastructure takes time Valuation D
Slide 4: Bonterra Transformation
Bonterra Transformation ► Several important managerial and board changes were made since 2019 ► Updated MREs released on timeline promised to shareholders incorporating ~130,000 m of additional drilling (~6,000 m/month of new drilling ongoing) ► Mill expansion permits >85% complete CEO agrees to Boa
Slide 5: Incoming CEO Track Record
Incoming CEO Track Record ► Marc-Andre Pelletier joins with a strong track record as COO at Wesdome, where he led a team that increased production by ~100% driving a ~420% equity return since 2017 Strong Returns to Shareholders Wesdome outperformed by Wesdome GDXJ ~420% from October 2017 to May 27,
Slide 6: Land Position in the Abitibi Greenstone Belt
Land Position in the Abitibi Greenstone Belt ► Young and emerging camp, comparable to Val-d’Or 80 years ago, with activities ramping up Fenelon TSX-V BTR | OTCQX BONXF | FSE 9BR2 6
Slide 7: Strategic Land Position and Infrastructure
Strategic Land Position and Infrastructure ► Significant infrastructure, including a mill, camps and roads New Near Surface Discovery BACHELOR MINE M&I 42,000 oz Au @ 5.37 g/t Au M&I 118,000 oz Au @ 5.66 g/t Au Inferred 6,000 oz Au @ 4.36 g/t Au Inferred 98,000 oz Au @ 5.37 g/t Au Windfall M&I 689,0
Slide 8: Capital Structure
Capital Structure Enterprise value per resource Strong shareholders ounce of ~US$33 1 Capital Structure C$ Wexford 19.9% Issued & Outstanding Shares 111.26M Mmcap 8.5% Options 8.26M (Weighted average exercise price of C$1.39) Kirkland Lake 8.2% Warrants None Fully Diluted 119.52M Ruffer 5.3% (C$11.5
Slide 9: Management & Board of Directors
Management & Board of Directors Marc-Andre Pelletier Cesar Gonzalez Johnny Oliveira Director & Incoming President & CEO Executive Chairman & Director Chief Financial Officer Mr. Pelletier is a professional mining engineer with Mr. Gonzalez co-founded and serves as the CEO Mr. Oliveira has 20 years o
Slide 10: 2021 MREs Update – 3 Moz & Growing
2021 MREs Update – 3 Moz & Growing ► ~130,000 m of new diamond drilling incorporated in the 2021 MREs ► M&I and Inferred contained gold ounces grew by 78% and 27%, respectively ► Drilling continues at ~6,000 m/month across all three main projects 2019 MREs 2021 MREs % Change Category Tonnage Grade C
Slide 11: Catalyst Timeline
Catalyst Timeline ► Four drill rigs turning - ~6,000 m/month to expand deposits and make new discoveries ► Updated MREs now being used to prepare for a “hub-and-spoke” re-start ► Existing infrastructure >85% through the permitting process to expand from 800 tpd to 2,400 tpd 2021 2022 Jun Jul Aug Sep
Slide 12: Market Overview
MARKET OVERVIEW TSX-V BTR | OTCQX BONXF | FSE 9BR2 12
Slide 13: Underground M&A Landscape
Underground M&A Landscape ► Not many high-grade single mine/project companies left in Canada ► Most have been acquired at premium valuations Bonterra Claude Pure Gold Osisko Mining Wesdome Great Bear Pretium Battle North Barkerville Integra Gold Richmont Resources 1 Resources (Resource (Resource (An
Slide 14: Gladiator and Windfall Lake Side by Side
Gladiator and Windfall Lake Side by Side ► Gladiator has yielded 5.6 oz/m drilled (vs 4.6 oz/m for Windfall) ► Gladiator has yielded ~3,136 oz/hole (vs ~1,700 oz/hole at Windfall) Bonterra Osisko Resources 1 Mining 2 Asset Gladiator Windfall Lake Resource as of date Jun 2021 Feb 2021 Number of holes
Slide 15: High Level Geology
HIGH LEVEL GEOLOGY TSX-V BTR | OTCQX BONXF | FSE 9BR2 15
Slide 16: Regional Structures Are Thought to be Key
Regional Structures Are Thought to be Key ► Urban-Barry cross-regional corridors of structural decompression ► Regional structures are associated with deposits but also point to areas that need to be tested ► Several new targets have been identified and are to be tested during the fall/winter drilli
Slide 17: Gladiator Project
GLADIATOR PROJECT TSX-V BTR | OTCQX BONXF | FSE 9BR2 17
Slide 18: Gladiator Regional Targets – Pearls on a String
Gladiator Regional Targets – Pearls on a String ► Airborne magnetics illustrate the potential of regional targets along strike ► Management plans on testing regional targets to follow up on historic results ► Other nodes of decompression within the corridor to be tested similar to Gladiator ► Planne
Slide 19: Gladiator – Oblique View Looking West
Gladiator – Oblique View Looking West TSX-V BTR | OTCQX BONXF | FSE 9BR2 19
Slide 20: Gladiator – Expansion at Depth
Gladiator – Expansion at Depth TSX-V BTR | OTCQX BONXF | FSE 9BR2 20
Slide 21: Duke – Magnetic TMI
Duke – Magnetic TMI ► Duke sector untested magnetic interpreted decompression & EW conjugate structures => ► Regional exploration DDH targets TSX-V BTR | OTCQX BONXF | FSE 9BR2 21
Slide 22: Barry Project
BARRY PROJECT TSX-V BTR | OTCQX BONXF | FSE 9BR2 22
Slide 23: Barry Gold Project
Barry Gold Project ► Exploration potential down plunge and along strike ► Located within the same structural corridor southwest of the Windfall Lake Project TSX-V BTR | OTCQX BONXF | FSE 9BR2 23
Slide 24: Barry Gold Project
Barry Gold Project ► Mag survey revealed several sizable targets that are being tested Barry North 2019 Drill Intercept TSX-V BTR | OTCQX BONXF | FSE 9BR2 24
Slide 25: Barry Gold Project
Barry Gold Project ► Eastern target area TSX-V BTR | OTCQX BONXF | FSE 9BR2 25
Slide 26: Moroy Project
MOROY PROJECT TSX-V BTR | OTCQX BONXF | FSE 9BR2 26
Slide 27: Moroy Gold Project
Moroy Gold Project ► Located near the Bachelor Mill, drilling is focused on expanding known shear zones and targeting the intersection of several regional structures Recent Bulk Sample TSX-V BTR | OTCQX BONXF | FSE 9BR2 27
Slide 28: Moroy Gold Project
Moroy Gold Project ► Magnetic survey shows several regional targets that will be followed up on ► Regional target proximity to the mill results in lower risk exploration strategy TSX-V BTR | OTCQX BONXF | FSE 9BR2 28
Slide 29: Bachelor – MAG / TMI
Bachelor – MAG / TMI ► Sigmoïd, clone and cossin folded structural targets ► VMS + gold + IP target ► Nelligan gold target ► BIF stratigraphic gold target ► Desmaraisville north regional fold hinge structural corridors TSX-V BTR | OTCQX BONXF | FSE 9BR2 29
Slide 30: Presentation Summary
Presentation Summary ► Opportunity to invest in a multi-million ounce, strategic land package in Quebec’s next gold camp New CEO with a Successful Track Record of • Marc-Andre Pelletier was most recently the COO at Wesdome Gold Mines Ltd. where he Building and Operating Gold Mines in the was instrum
Slide 31: Thank You!
Thank You! www.btrgold.com 31
Slide 32: Appendix - Mineral Resources
Appendix - Mineral Resources NI 43-101 Mineral Resource Estimate - June 2021 (see notes on last page) Tonnage Grade Contained Metal Category (000 t) (g/t Au) (000 oz Au) Gladiator Underground Measured - - - Indicated 1,413 8.61 391 Measured + Indicated 1,413 8.61 391 Inferred 4,174 7.37 989 Barry Op
Slide 33: Appendix - Summary of Assets
Appendix - Summary of Assets Overview Key Opportunities • 391 koz Au grading 8.61 g/t (Ind.) / 989 koz Au grading 7.37 g/t (Inf.) • Opportunity to add tonnage from recently recognized ‘connector zones’ • Advanced exploration project • Deposit open down-plunge below 600-800 m Gladiator • Road access
Slide 34: Appendix - Bachelor Mill
Appendix - Bachelor Mill ► Mill permitting process began in April 2017 and is expected to be complete by the end of 2021 ► Opportunity to expand mill capacity to 2,400 tpd (from the current 800 tpd) Project Scope: • Remove existing 10x12 rod mill & three small ball mills • Add a SAG mill (6.4 m x 4.
Slide 35: Appendix - Notes
Appendix - Notes Model Parameters 1. CIM (2014) definitions were followed for Mineral Resources. 2. Bachelor and Moroy underground Mineral Resources are estimated at gold cut-off grades of 2.40 g/t or 3.0 g/t, domain dependent. Gladiator and Barry underground Mineral Resources are estimated at a gol
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