Maple Gold Mines Ltd · TSXV:MGM
Maple Gold Mines — Investor Presentation (December 2020)
34 slides from Maple Gold Mines's investor presentation, Dec 30, 2020
Slide 1: Corporate Presentation - December 2020
Corporate Presentation - December 2020
Slide 2: Cautionary Notes Regarding Forward-Looking Statements
Cautionary Notes Regarding Forward-Looking Statements This Corporate Presentation (“Presentation”) includes “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation, Sect
Slide 3: Premier Quebec Abitibi Late-Stage Gold Exploration Company
1) PREMIER QUEBEC ABITIBI LATE-STAGE GOLD EXPLORATION COMPANY 2) STRONG PARTNERSHIP WITH TOP GOLD PRODUCER IN QUEBEC & CANADA 3) EXCEPTIONAL TARGETS IN THE SHADOW OF GIANTS 4) FULLY FUNDED TO EXECUTE ON MULTIPLE STRATEGIC INITIATIVES 3
Slide 4: Quebec: second largest Canadian gold producing province
▪ 2nd largest Canadian gold producing province: 35% of total production in 2019 (9 mines @ 1.5Moz).* ▪ Top Mining Jurisdiction: Consistently ranked top 10 global mining jurisdiction.** ▪ Low-Cost Exploration: Significant technical service infrastructure with large number of drill companies with comp
Slide 5: Abitibi Greenstone Gold Belt M&A Hotspot
ABITIBI GREENSTONE Detour Lake (Kirkland Lake): GOLD BELT • 15.8Moz @ 0.97g/t Au • Largest Canadian gold mine in Q1/2020* • 2019 Production: 601,566 oz Canadian Malartic (Agnico/Yamana): • 12Moz @ 0.96 g/t Au • 2nd largest Canadian gold mine in Q1/2020* • 2019 Production: 669,192 oz Casa Berardi (He
Slide 6: Douay Project location and land package
▪ 200 km north of Val d’Or and 55 km SW of Matagami with skilled labour and local airport. Douay ▪ Accessible via 2-lane provincial Project highway; adjacent to high-voltage power lines. (past producer) ▪ 669 claims covering 357 km2 -- (past MGM holds 100% interest in 637 producer) claims covering ~
Slide 7: Douay project history and company transition
▪ Staked in 1976 and initially explored as higher-grade underground resource. Aurizon built infrastructure to access underground resource in 1990s but relinquished option due to capital constraints and low gold price (~$300). ▪ Bulk tonnage potential discovered in 2004: Vior outlines the Porphyry Zo
Slide 8: Track Record of Discovery, Exploration, Financing & Marketing Success
Track Record of Discovery, Exploration, Financing & Marketing Success ▪ 10+ years Executive VP for Ivanhoe Mines and Managing Director for Ivanhoe Capital Corp. Matthew Hornor ▪ Structured partnerships and negotiated project/equity financings valued at over $450 Million President & CEO, Director ▪ F
Slide 9: Renowned Mining Executives, Expert Geologists & Corporate Finance Strategists
Renowned Mining Executives, Expert Geologists & Corporate Finance Strategists • Former Executive VP, Exploration with Ivanplats Ltd. (now Maurice • VP, Mining Operations for Wheaton Precious Metals Ivanhoe Mines) for 8 years since July, 2012 David Tagami Broughton • Winner of PDAC’s Thayer Lindsley
Slide 10: Strong Partnership with Top Gold Producer in Quebec & Canada
STRONG PARTNERSHIP WITH TOP GOLD PRODUCER IN QUEBEC & CANADA 10
Slide 11: Maple Gold and Agnico Eagle sign binding term sheet for 50/50 JV
October 8, 2020: Maple Gold and Agnico Eagle Mines sign binding term sheet to form 50/50 joint venture following 2-3 years of due diligence and 4 site visits by Agnico. Highlights include: • Agnico made C$6.2M strategic investment at ~$0.24 per unit, increasing their basic share ownership to 12.8% (
Slide 12: Strategic partnership with a common focus on exploration and discovery
The strategic partnership brings together two groups with a common focus on exploration, discovery and development in the Abitibi greenstone belt. • Both Douay and Joutel have multiple styles of overlapping mineralization, including deep controlling structures, which are generally favorable for expl
Slide 13: Joutel Project and Telbel mining camp
• Land package covers 39 km2 directly south of, and adjacent to, Maple Gold’s Douay project. • Following 1958-1959 discovery of Joutel copper-zinc and Poirier VMS deposits, exploration began in the nearby Eagle-Telbel area in 1962. • The first gold intercepts were obtained between 1962 and 1964 as a
Slide 14: JV funding and technical expertise
JV Funding Agnico will fund a total of C$18 million of JV expenses over a four-year period as outlined below: ▪ C$4 Million by first anniversary of the JV Agreement; ▪ C$8 Million by second anniversary of the JV Agreement; ▪ C$13 Million by third anniversary of the JV Agreement; and ▪ C$18 million b
Slide 15: Validation, asset diversification, expertise and balance sheet strength
VALIDATION OF THE DOUAY GOLD PROJECT ASSET DIVERSIFICATION Vote of confidence from Agnico Eagle – Canada's 2nd Expanded ~400 km² property package with high-grade largest gold producer and expert in Quebec's Abitibi past producer and opportunity for Gold Belt. redevelopment/revitalization of the camp
Slide 16: Exceptional Targets in the Shadow of Giants
EXCEPTIONAL TARGETS IN THE SHADOW OF GIANTS 16
Slide 17: RPA 2019 NI43-101 mineral resource estimate
▪ Roscoe Postle Associates Inc. (RPA) used drill results up to October 2019 to compile NI43-101 resource estimate using conservative methodology that excluded resources at depth (published on December 9, 2019). ▪ Mineral resources occur over nine mineralized zones – Douay West, Nika, NW, Porphyry, Z
Slide 18: Resource step-out drilling: Porphyry and NW zone cross sections
Porphyry Zone Cross Section ▪ Since the December 2019 Resource Estimate, a 14- hole, 4,370-metre resource step-out drill campaign was completed. ▪ 11 out of the 14 holes intersected higher-than- deposit average grade gold mineralization, indicating significant resource expansion potential at multipl
Slide 19: Drill gaps and expansion potential in resource area
Douay West, Western Porphyry and NW zones Significant drill gaps of 100s of metres remain expected to form key subset of total contained throughout the 6x2 km resource area. Red ellipses ounces in initial focus for economic analysis & in map below indicate areas where further drill conceptual mine p
Slide 20: Property-scale target evaluation and IP chargeability corridors
▪ Target evaluation is ongoing at the property scale in every field program using better models and modern exploration techniques (e.g. AI, 3D modelling and modern IP). ▪ In 2019-2020, two ~3km anomalous chargeability corridors were defined -- Northeast (NE) & South IP targets. ▪ Similar targets may
Slide 21: Regional exploration drill program at Northeast IP target
▪ ~3,000-metre regional exploration drill program is underway to test targets detailed through 2019-20 IP work. ▪ Initial focus is on the Northeast IP target – a higher-grade target outside current gold resources. ▪ Target set in similar geological setting as nearby past-producing high-grade Vezza m
Slide 22: P8 Target defined by IP surveys
▪ New 1.2 km2 regional exploration target defined by IP surveys in October 2020. ▪ Target is geophysically unlike any other known mineralized zone at Douay for the strength and scale of overlapping chargeability (up to 30 mV/V) and conductivity responses. P8 Target ▪ Target exhibits some geological
Slide 23: Fall 2020 Drill Campaign Hole Locations
FALL 2020 DRILL CAMPAIGN HOLE LOCATIONS MAPLE ® sitesiilled } Fall 2020 Drill Campaign Hole Locations | _ @ Sites in progress/pending (Drilled/Pending) _—_ | INPUT EM Conductors ' i a Major Structures ee en Main Zone TSX.V: | OTCQB:
Slide 24: AI Gold Prospectivity Map
▪ +10 new areas outside of known Artificial Intelligence Gold Prospectivity Map (Nov. 2020) resource have been identified as new prospective regional targets by Artificial Intelligence (AI) study (November 2020). ▪ AI study covered a 128km2 area centered on the resource area. ▪ New targets defined a
Slide 25: Milestones and upcoming news flow
Q4/2020 H1/2021 H2/2021 ✓ Detail new discovery targets ❑ Sign Definitive JV agreement with ❑ Release remaining Winter with IP surveys and AI Study Agnico Eagle program drill results ❑ Announce final Fall 2020 drill ❑ 3D model and resource ✓ Deliver Strategic Partnership program results optimization
Slide 26: Fully Funded to Execute on Multiple Strategic Initiatives
FULLY FUNDED TO EXECUTE ON MULTIPLE STRATEGIC INITIATIVES 26
Slide 27: Share Ownership Mix
As of December 30, 2020 Shares Outstanding 321,067,848 Share Ownership Mix Warrants1 56,871,971 Options2 22,730,100 4.5% Fully Diluted 400,669,919 Management/Insiders 52-week high/low share price $0.56-$0.04 12.8% /Closely Related Market Capitalization C$115.6 Million Agnico Eagle Mines Avg. trading
Slide 28: Exceptional jurisdiction, established resource, strong management, fully financed
EXCEPTIONAL JURISDICTION & LOCATION ✓ Quebec: 2nd largest gold producer in Canada in 20191 ✓ Located in the heart of the prolific Abitibi Greenstone Belt (M&A hotspot) ✓ Major highway/power to the project and skilled labour, rail and airports nearby ESTABLISHED GOLD RESOURCE ✓ Third largest undevelo
Slide 29: New discoveries, resource expansion, strong balance sheet, world-class partner
NEW GOLD DISCOVERIES RESOURCE EXPANSION POTENTIAL STRONG BALANCE SHEET WORLD-CLASS PARTNER ESTABLISHED GOLD RESOURCE Slide 29
Slide 30: Contact details
Joness Lang, Executive Vice-President Shirley Anthony - Director, Corporate Communications E-mail: [email protected] E-mail: [email protected] Phone: 778-686-6836 Phone: 778-999-2771
Slide 31: Historical drilling at Douay
Cumulative Drill Company Year Drill Holes Total Metres Holes Inco, SOQUEM and Aurizon 1976 to 1999 468 122,906 468 Vior 2004 to 2010 107 32,785 575 Aurvista/MGM 2011 to 2020 256 97,184 831 TOTAL 1976 to 2020 831 252,875 831 ▪ Substantial drill core library well-archived at site covering all historic
Slide 32: Mineral Resources at Douay Deposit per Zone
Mineral Resources at Douay Deposit per Zone as of October 23, 2019 Slide 32
Slide 33: Underground resource potential longitudinal section
NW SE DW Zone Nika/NW Zones Porphyry Zone 531 Zone 500m NW-SE longitudinal vertical section view (all zones) showing distribution of below-pit-shell underground blocks above 1 g/t Au cut-off. ▪ Only blocks within reporting shapes (green polygons) formed part of inferred underground mineral resource
Slide 34: 2017 Metlabs metallurgical study
▪ 2017 Metlabs Study: 10 composites (311kg) from different areas of the Douay Resource with average gold content of 1.89 g/t Au were evaluated with direct cyanidation, flotation and gravity recovery methods. ▪ Results were as follows: • Using gravity and flotation, gold recovery to the concentrates
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