Capitalizing on a Massive Opportunity: Ownership of an Entire District in Brazil - Pedra Branca PGM+Au Project, Northeastern Brazil - ValOre Metals
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TSX-V: VO
Capitalizing on a Massive Opportunity:
Ownership of an Entire District in Brazil
Pedra Branca PGM+Au Project, Northeastern Brazil
46 78 79
Pd
Palladium
Pt
Platinum
Au Gold
106.42 195.08 196.97
Forward Looking Statements TSX-V: VO
This presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this
presentation and ValOre Metals Corp. does not intend, and does not assume any obligation, to update these forward-looking
statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of
estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital
and access to data.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to
actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to
enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labor
disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or
financing.
This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities of ValOre Metals Corp.
Susan Lomas, P.Geo., of LGGC is the Qualified Person, as defined in NI 43-101, responsible for the mineral resource
estimates as reported herein.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set
out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., who oversees New Project Review for ValOre.
VALORE METALS CORP | FEBRUARY | 2020 2
The Opportunity – Ownership of Entire PGM District in Brazil TSX-V: VO
46
VALORE’S PEDRA BRANCA PROJECT OFFERS INVESTORS OWNERSHIP AND CONTROL OF
Pd
Palladium
AN ENTIRE PLATINUM GROUP METALS (PGM) DISTRICT IN CEARÁ STATE, NORTH EASTERN
106.42 BRAZIL
78
▪ VEHICLE AND TEAM
Pt
Platinum
• TSX-V company; high insider ownership; strong experienced and successful team
195.08
▪ SUBSTANTIAL PRIOR INVESTMENT
79 • Excellent access and infrastructure; US$35M spent on exploration by prior groups
Au Gold
196.97 ▪ HIGH VALUE, LARGE SCALE MINERALIZATION
• 38,000 hectares with property wide exploration targets
• >1M oz NI 43-101 with significant expansion potential
Palladium US$2,200/oz, up >70% since • High grade and near surface targets
Jan 1/19 and Platinum US$1,000/oz
▪ INNOVATION AND PROCESS IMPROVEMENT
PGM mine production supply faces • Employing new technologies and techniques combined with boots on ground exploration have
jurisdictional risk (Russia 40%, South yielded a new perspective and significant upside for shareholders
Africa 39%, North Am 14%, Other 7%)
Industry consolidation occurring, but very
few junior explorers/developers with high ▪ DISCOVERY PIPELINE IS FULL
quality projects
VALORE METALS CORP | FEBRUARY | 2020 3
Robust PGM Market TSX-V: VO
VO-V vs PGM+Au
▪ Palladium prices over $2,000 110%
per ounce:
▪ >70% since Jan 1/19 90% May 28, 2019:
▪ >100% since Jan 1/18 ValOre Metals acquires Pedra
70% Branca PGM project
▪ Platinum prices are near $1,000 64%
per ounce
50%
▪ PGM mine production supply 30%
from regions with considerable 30%
jurisdiction risk (Russia 40%, 24%
South Africa 39%, North 10%
20%
America 14%, Other 7%)
May 28 Today Change
-10%
▪ Industry consolidation Tech Report1 VO-V: $0.25 $0.325 30%
occurring, producers cash rich
Pd: $1,000 Pd: $1,337 $2,200 64%
after a banner year in 2019, lack -30%
of junior explorers/developers Pt: $860 Pt: $780 $958 20%
with high quality projects Au: $1,250 Au: $1,279 $1,590 24%
-50%
28-May-19 26-Jun-19 26-Jul-19 27-Aug-19 26-Sep-19 28-Oct-19 26-Nov-19 27-Dec-19 28-Jan-20
VO-V Au Pd Pt
1. Metal price assumptions used in the Pedra Branca NI 43-101 Technical Report filed on SEDAR with effective date of May 28, 2019
VALORE METALS CORP | FEBRUARY | 2020 4
Robust PGM Market – Supply TSX-V: VO
Palladium Market Balance: Platinum Market Balance: Significant Jurisdictional Risk:
7-Year Supply Deficit Strong Investment Demand Palladium Supply by Region*
North
South Africa America
39% 14%
Zimbabwe
5%
Other
2%
Russia
40%
(1) F
*Excludes supply from recycling.
VALORE METALS CORP | FEBRUARY | 2020 5
Robust PGM Market – Demand TSX-V: VO
▪ Demand Inelastic with Low Substitution Risk Palladium Demand (by Category) *
• Primarily used for catalytic converters in gasoline & gas-
hybrid automobiles (~85% of palladium demand) Electrical
o ~3-7 grams of palladium per automobile 7%
Chemical
o Converts harmful pollutants to inert gas 4%
Dental
• Strong demand growth with tighter emission requirements 3%
(higher loading of palladium) Other
2%
• Substitution risk minimal with palladium catalytic converter Autocatalyst Jewelry
efficiency 83% 1%
▪ Strong Demand Outlook From China *Excludes demand from investments, which has been a negative since 2014.
• Stricter Chinese emissions legislation expected to trigger a
step-change in demand from Chinese automakers
o China currently ~30% of global auto-catalyst demand
(up from ~20% in 2014)
▪ Long-term Demand Outlook Positive
• Hybrid vehicles
• Fuel cells
VALORE METALS CORP | FEBRUARY | 2020 6
Platinum + Palladium – Few Players TSX-V: VO
Top 5 Producers Developers & Explorers Recent Transactions
▪ ~85% of Global Pt+Pd Production ▪ Collective Market Cap:
Capital Structure – The Right Vehicle TSX-V: VO
Exchange: Symbols: Share Price: 52 Week High: 52 Week Low: Shares Outstanding: Market Capitalization: Cash:
TSX-V VO $0.335 $0.40 $0.11 89.0 (basic) $29.8 M $1.1 M
OTCMKTS KVLQF US$0.258 US$0.30 US$0.06 103.2 (diluted)
Frankfurt KEQ0 €0.17 €0.256 €0.0913
Insider ownership >20% TSX-V: VO – 1 Year Price History
RESOURCE,
CLOSE MINING… JANGADA
ASSOCIATES MINES
RETAIL, INSIDERS,
OTHER
ADVISORS
VALORE METALS CORP | FEBRUARY | 2020 8
Strong Team TSX-V: VO
Directors Management & Advisors Recent Transactions
▪ Proven track record of
mineral discovery
Jim Paterson Rob Scott
Chairman & CEO Chief Financial Officer
▪ Project management and
Northern Empire acquired
development Dale Wallster Colin Smith for $117M by Coeur Mining
Director New Project Review
▪ Physical commodity
transactions Jim Malone Glayton Dias
Director Project Geologist
2008 IPO; 2010 Transaction Created a USA
▪ Legal, permitting, and Garth Kirkham Jeff Dare Met Coal Producer valued $250M
project financing Director Corporate Secretary
▪ Capital markets and Rob Carpenter
Luis Azevedo
M&A success Corporate and Technical
Director
Advisor Acquired for $520M by
Goldcorp
▪ Strong relationships and Brian McMaster Rob Brozdowski
key connections within Director Technical Advisor
Brazil
John Robins Alex Heath Acquired for $650M by
Special Advisor to the Board Strategic Advisor Rio Tinto
VALORE METALS CORP | FEBRUARY | 2020 9
Discovery Group TSX-V: VO
PEDRA BRANCA
VALORE METALS CORP | FEBRUARY | 2020 10Right Connections Established TSX-V: VO
Established connections with key contacts at a local, state, and federal level
Ceará State Government
VALORE METALS CORP | FEBRUARY | 2020 11Excellent Access and Infrastructure TSX-V: VO
Fortaleza
pop.~3M + port
BRAZIL
BR020
BR122
VALORE METALS CORP | FEBRUARY | 2020 12Pedra Branca TSX-V: VO
VALORE METALS CORP | FEBRUARY | 2020 13Treasure Trove of Data – US$35M Spent by Previous Operators TSX-V: VO
▪ Diamond drilling:
▪ 1960s: First explored (gov’t geos for chromite potential) • 385 DDHs; >30,000m; 83% of DDHs at 5 PGM deposit areas
▪ 1980s: Unamgem (1986-87), Gencor & RTZ (from 1987)
▪ Geophysics:
▪ 1990s-2000s: Rockwell (1997 on), Altoro/Solitario (1999 on) • 2013 aeromagnetic gradiometry and radiometric (>80,000 ha)
• Extensive ground mag, ground IP
▪ 2003-2014: Anglo American Platinum
▪ 2014-2019: Jangada Mines PLC ▪ Geological Mapping:
• Regional gov’t mapping, revised in 2016
▪ 2019-present: ValOre Metals Corp. • Extensive deposit-scale, district-wide mapping
▪ Spectral Mapping:
• ASTER regional mineral mapping (2006)
• Spectral serpentinization picks from 2013 airborne
• WorldView (2019, incoming)
▪ Geochemistry:
• ~17,000 soil samples
• ~3,500 stream sed samples
• ~900 grab samples
• Extensive trenching (PGM deposits, select exploration targets)
VALORE METALS CORP | FEBRUARY | 2020 14District-Scale Potential TSX-V: VO
43-101 PGM Deposit (expansion upside)
▪ 38,000 hectares with property-wide exploration targets Tier 1 Target
Tier 2 Target
▪ Mineralization and prospective geology identified in >45km of fertile strike Tier 3 Target
Fertile geology (Troia Unit)
Claims (38,000 ha)
Target Tiers
Geophys (Mag) Anomaly
Curiu
Geochem Anomaly
Esbarro
Cedro 25km
Ultramafic Rocks
Drilled PGMs (follow-up req.)
50km
Trapia
35km
VALORE METALS CORP | FEBRUARY | 2020 15Resource Zones Near Surface Mineralization TSX-V: VO
1.2
1.06 Moz @
91 resource DDHs 1.22 g/t
*9.9 Mt @ 1.23 g/t PGM+Au
*394 Koz PGM+Au 1.0
High grade mineralization to 55m 0.8
Moz PGM+Au
0.6
Curiu 37 resource DDHs
*1.6 Mt @ 1.93 g/t PGM+Au 0.394 Moz
@ 1.23 g/t
*100 Koz PGM+Au
0.4
0.219 Moz 0.203 Moz
@ 1.11 g/t @ 1.19 g/t
0.151 Moz
0.2 @ 1.10 g/t
0.100 Moz
@ 1.93 g/t
High grade mineralization to 70m
0.0
TOTAL Esbarro Curiu Cedro Trapia Santo
Amaro
AUG. 12, 2019 NI 43-101 INFERRED RESOURCE ESTIMATE CONTAINED METAL
Tonnes Pd (g/t) Pt (g/t) Au (g/t) PGM+Au (g/t) Pd (oz) Pt (oz) Au (oz) PGM+Au (oz)
27,200,000 0.77 0.42 0.02 1.22 679,000 367,000 21,000 1,067,000
Inferred Mineral Resource reported at 0.65 gpt PGE+Au cut-off; Commodity prices used: Pd=US$1000/oz, Pt=US$860/oz, Au=US$1250/oz VALORE METALS CORP | FEBRUARY | 2020 16Significant Resource Expansion and Discovery Potential TSX-V: VO
Santo Amaro: 203K oz (PGM+Au) 1.19 g/t
Blue area: Existing NI 43-101 resource
Black lines: drill holes
Yellow: isosurface 0.1 – 0.3
Pink: isosurface 0.3 – 0.8
Red: isosurface 0.8 – 1.2
VALORE METALS CORP | FEBRUARY | 2020 17High-Grade and Near Surface Mineralization TSX-V: VO
High-Grade Mineralization
▪ Property-wide high-grade mineralization Throughout District
Santo Amaro Deposit
5.3 Mt @ 1.19 g/t PGM+Au
▪ Rock samples up to 44.0 g/t PGM+Au 120 Koz PGM+Au
▪ Soils and stream sediments up to 5.9 g/t PGM+Au
Chromitite Sample
Cedro Deposit Curiu Deposit
4.2 Mt @ 1.1 g/t PGM+Au 1.6 Mt @ 1.93 g/t PGM+Au
151 Koz PGM+Au 100 Koz PGM+Au
Esbarro Deposit
9.9 Mt @ 1.23 g/t PGM+Au
394 Koz PGM+Au
50km
Trapia Deposit
6.2 Mt @ 1.1 g/t PGM+Au
140 Koz PGM+Au
LEGEND
Rocks Samples
>5 g/t
2019 NI 43-101
PGM+Au
Deposits
Image source: D. Hladky
VALORE METALS CORP | FEBRUARY | 2020 18High-Grade and Near Surface Mineralization TSX-V: VO
Drilling intercepts up to 44.2 g/t PGM+Au Esbarro Cross Section A-A’
surface A’
A
High-grade
mineralization
within 60m of
surface
PGM+Au (g/t)
PGM+Au (g/t)
PGM+Au (g/t)
PGM+Au (g/t) PGM+Au (g/t)
PGM+Au (g/t)
1.2-3.0 3.0-5.0 5.0-10 >10
PGM+Au (g/t)
VALORE METALS CORP | FEBRUARY | 2020 19Proven Targeting Methodology TSX-V: VO
Curiu Deposit: ▪ 37 resource holes (DDH)
▪ 100Koz @ 1.93 g/t PGM+Au
Nov. 2019
Assays:
(g/t PGM+Au)
7.945
2.390
2.319
3.036
C04 Target: ▪ Undrilled
▪ Geophysical analogue: striking similarities
C04 Chromitite Discovery
VALORE METALS CORP | FEBRUARY | 2020 20Key Investment Highlights TSX-V: VO
▪ OWNERSHIP OF ENTIRE PGM DISTRICT IN BRAZIL
46
▪ ROBUST PGM MARKET Pd
Palladium
106.42
78
▪ VALORE VEHICLE AND TEAM
Pt
Platinum
195.08
▪ SUBSTANTIAL PRIOR INVESTMENT 79
Au Gold
196.97
▪ HIGH VALUE, LARGE SCALE MINERALIZATION
▪ INNOVATION AND PROCESS IMPROVEMENT
VALORE METALS CORP | FEBRUARY | 2020 21TSX-V: VO
Jim Paterson
Chairman & CEO
Email: contact@valoremetals.com
Phone: +1 (604) 646 4527
Address: Suite 1020 – 800 West Pender St.
Vancouver, BC
Website: www.valoremetals.comYou can also read
