Corporate Presentation April 23, 2021 - CSE:SIZE www.majorprecious.com - Major Precious Metals
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Corporate Presentation
April 23, 2021
www.majorprecious.com
CSE:SIZE
OTC:SIZYF
FRANKFURT:3EZ
1
Forward-Looking Information
This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or
operating performance of Major Precious Metals Corp (“MPM”), its subsidiaries and its projects, the future price of platinum group metals (“PGM’s”),
the estimation of Mineral Resources, operating and exploration expenditures, costs and timing of development of new deposits, costs and timing of
future exploration, requirements for additional capital, government regulation, environmental risks, reclamation expenses, title disputes or claims and
limitations of insurance coverage. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-
looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements
of MPM and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-
looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of
current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of
PGM’s; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident, labour disputes
and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction
activities. Although MPM has attempted to identify important factors that could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that could cause actions, events or results to differ from those anticipated,
estimated or intended. Forward-looking statements contained herein are made as of the date of this presentation and MPM disclaims any obligation to
update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. MPM undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should
change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Qualified Person Statement
All scientific and technical information contained in this corporate presentation was prepared and approved by Paul Ténière, M.Sc., P.Geo., President &
CEO of Major Precious Metals Corp, who is a Qualified Person as defined by NI 43-101. The Skaergaard Mineral Resource Estimate was prepared by Mr.
Philip Geusebroek, M.Sc., P.Geo., Senior Geologist at SLR Consulting Ltd. Mr. Geusebroek is an Independent Qualified Person as defined by NI 43-101.
Mr. Geusebroek has reviewed and approved the contents of this presentation, as it relates to the disclosed Mineral Resource Estimate. Mr. Ténière has
verified the scientific and technical information disclosed in this presentation by reviewing and referencing published scientific papers, and historical and
current technical reports related to the Company’s properties that outline their geology and structure, mineralization potential, and deposit style.
2
Greenland is a land of opportunity
Greenland has a number of
SKAERGAARD PROJECT
historical and current operating
mines including lead, zinc, gold,
and various industrial minerals
Skaergaard Project
An underexplored and mineral rich (Pd, Au, Pt)
country benefiting from:
MAP
- A fair and modern mining code and mineral
exploration licencing framework
- Stable political environment
- Low-investment risk
- Pro-mining population and government
3
Skaergaard Unique Opportunity
”
Skaergaard Project one of the world’s largest
SKAERGAARD PROJECT
undeveloped palladium and gold deposits1
Indicated Resource - 5.51 Moz PdEq A previously overlooked asset
1 (81.6 Mt at 2.1 g/t PdEq)2
3 brought into the spotlight under a
focused and experienced
Inferred Resource - 14.4 Moz PdEq
management team
(217.3 Mt at 2.05 g/t PdEq)2
Using 1.43 g/t PdEq cut-off based on US$1,725/oz Pd and
US$1,800/oz Au, effective date of April 15, 2021
Undervalued relative to precious Growth focused strategy in
2 metals peer group 4 Greenland, a safe and pro-mining
jurisdiction
1Skaergaard contains a significant mineral resource estimate of gold and platinum group metals (PGMs) dominated by palladium, importantly, one of the largest palladium and
gold deposits outside of the major PGM producing areas of South Africa and Russia
2Refer to the Company’s news release dated April 23, 2021 announcing the independent Mineral Resource Estimate for Skaergaard Project prepared by SLR Consulting (Canada)
4
Skaergaard Exploration Licences
• The project consists of three
SKAERGAARD PROJECT
Mineral Exploration Licences (MEL)
in eastern Greenland and located
450 km west of Iceland:
o MEL 2007-01: 107 km2, hosts
the Skaergaard Intrusion
o MEL 2012-25: 16 km2, located
10 km east of EL2007-01
hosts historical camp
o MEL 2021-10: 754 km2, “new
area” located north and west
of Skaergaard deposit
• 100% owned - has no royalties or
encumbrances except to Greenland
government from future
production revenues
5
Skaergaard Exploration Licences
• MEL 2007-01 contains
SKAERGAARD PROJECT
Skaergaard Intrusion and the
main focus of 2021 summer
drilling program
• MEL 2012-25 contains Sødalen
airstrip (600m long) able to
handle Twin Otter, and historical
camp area
• Access to Skaergaard Intrusion
via helicopter transport from
Sødalen or through Miki and
Watkins Fjords via passenger
vessels/supply ships
(ice-free summer)
6
Skaergaard Intrusion
• Unique layered mafic igneous complex (“reef
SKAERGAARD PROJECT
structures”) with stratiform platinum group metals
(PGM) Pd and Pt, and gold, and Fe-Ti-V oxides
• Platinova Reef, hosted by the 55 Ma
Skaergaard intrusion, example of a rarer type
of PGM deposit, typified by a Pd-Au-Cu-
dominant, Ni-Pt-poor, sulfide assemblage
• Extremely young compared to South African
PGM reefs (Precambrian – 2.1 Ga)
• Triple Group (Upper-Middle-Lower) contains
PGM and narrow zone contains gold
• Thickness of the entire Triple Group
Classic igneous layering of Skaergaard Intrusion mineralized package is approx. 45 metres
Near 100% surface exposure (melting ice has recently • Several drilling campaigns and extensive
exposed new areas for mapping)
scientific research over many decades –
Diamond Drilling and Channel Sampling Key discovered in 1930
7
Resource Estimate
Skaergaard Mineral Resource Estimate
Effective date: April 15, 2021
SKAERGAARD PROJECT
Contained
Grade Metal
Category Mineralized Area Tonnage PdEq Pd Au Pt PdEq Pd Au Pt
Horizon (Mt) (g/t) (g/t) (g/t) (g/t) (Moz) (Moz) (Moz) (Moz)
Indicated H5 Main 9.8 2.28 0.65 1.45 0.06 0.72 0.20 0.46 0.02
H3 Main 19.3 1.88 1.06 0.71 0.07 1.17 0.66 0.44 0.04
H0 Main 52.5 2.15 1.92 0.11 0.16 3.63 3.24 0.19 0.27
Total Indicated 81.6 2.10 1.56 0.42 0.13 5.51 4.10 1.09 0.33
Inferred H5 Main 38.3 2.47 0.67 1.62 0.07 3.05 0.82 1.99 0.09
H3 Main 46.2 1.82 1.03 0.69 0.06 2.70 1.53 1.02 0.09
H3_L1 Main 3.6 2.38 0.89 1.32 0.07 0.27 0.10 0.15 0.01
H0 N of Glacier 39.6 2.11 1.73 0.26 0.14 2.68 2.20 0.33 0.17
Main 89.6 1.96 1.72 0.12 0.15 5.64 4.96 0.36 0.44
Total Inferred 217.3 2.05 1.38 0.55 0.11 14.4 9.61 3.86 0.79
Notes:
1. CIM (2014) definitions were followed for Mineral Resources.
2. Palladium Equivalent Grades (PdEq) were calculated using the formula PdEq (g/t) = g/t Pd + (1.09 * g/t Au) + (0.672
* g/t Pt), which assumes metal prices of US$1,725/oz Pd, US$1,800/oz Au, and US$1,250/oz Pt, metallurgical
recoveries of 89% Au, 86% Pd, and 80% for Pt, and standard commercial terms for a precious metals concentrate.
3. Mineral Resources are estimated at a cut-off grade of 1.43 g/t PdEq, which assumes underground mining costs of
US$35/t, processing costs of US$20/t, and general and administration costs of US$5/t.
4. Reasonable prospects for eventual economic extraction were satisfied by constructing polygons using blocks above
a grade-thickness field, expressed as minimum mining thickness of 2.0 m multiplied by the cut-off grade (1.43 g/t
PdEq), including a visual check on the geometry and spatial continuity of the mineralization.
5. Bulk density uses an average value of 3.24 t/m 3.
6. Numbers may not add up due to rounding.
8
Geology & Mineralization
• Skaergaard Intrusion exposed over an area of 70km2 with • Estimated depth extent is 4km and
SKAERGAARD PROJECT
dimensions of 7.5km east-west and 11km north-south and has previous operators have drilled the
a tabular, sill like, box shaped geometry structure at 1.2km
9
Geology & Mineralization
• The Skaergaard Intrusion formed, the magma • In between the three reef structures, there are
SKAERGAARD PROJECT
cooled, crystallized and fractionated to form a two middling zones, which are thick but low
layered, southward dipping intrusion, which is grade in gold and palladium but contain
subdivided into a number of different layers copper, iron, titanium, and vanadium
including the Triple Group horizon where the main
deposit is located
10Deposit Upside
• Mineralization remains open in almost all directions
SKAERGAARD PROJECT
along strike and at depth:
• Northern extension has seen less development,
primed as priority target with open-pit potential
• Channel sampling and diamond drilling is
planned for the northern extension in 2021
Open mineralisation. Potential lateral – strike extension
Open mineralisation. Potential down-dip extension
11September 2020 Site Visit
SKAERGAARD PROJECT
• XXXX – MEL 2021/10 description
Skaergaard
Project”
12September 2020 Site Visit
SKAERGAARD PROJECT
Skaergaard
Project”
13Bringing Skaergaard into the Spotlight
2008
SKAERGAARD PROJECT
Scoping Study prepared 2011
by SRK 11 diamond drill 2019
Consulting (UK) holes completed Updated Scoping
Five diamond drill holes 2010 Study by SRK
completed 10 diamond drill Consulting
Exploration camp holes completed
established
2013 2021
Wardell Armstrong Major Precious Metals completes
1980 – 2006 Mineral Resource Estimate
Previous exploration by JORC historical
estimate plans for over 12,500 m of
various companies. Project drilling and PEA
acquired by Platina
Resources in 2006
14Strong development potential
C$16 million invested in
SKAERGAARD PROJECT
Skaergaard Project
drilling, metallurgy, and studies (Pd, Au, Pt)
• Significant historical exploration with 68 drill holes and
35,000m of diamond drilling completed on project
• Deposit remains open in all directions with increased land
package in January 2021 with new Exploration Licence
• New Mineral Resource Estimate (MRE) completed, planning
PEA to examine economics at current high metal prices &
cut-off grades – SLR Consulting completing this work
• Potential to significantly improve on past scoping study
results and explore economics of recovering copper, titanium,
vanadium, gallium and other by-products
Major Precious Metals 2021 Goals at Skaergaard Include:
• Completed MRE in April 2021 - start on PEA
• Confirm potential for vanadium, titanium, and gallium
recovery and metallurgical testing
• Complete >12,500 m of diamond drilling - determine
potential along strike and at depth & expand resource
15A precious combination of palladium and gold
Source: S&P Global Market Intelligence
Gold 3,000
SKAERGAARD PROJECT
• Robust market fundamentals
throughout 2020 and into 2021 2,500
• Price peaked at ~US$2,060/oz in Aug
2,000
2020 – now steady ~US$1,750/oz
•
Price (US$/oz)
General investor interest gaining 1,500
traction in the gold mining industry
Palladium 1,000
• One of the best performing metals in
2020 and 2021 and keeps rising 500
• Price peaked at ~US$2,900/oz in April
2021 – currently ~US$2,750/oz 0
2016 2017 2018 2019 2020 2021
• Supply traditionally dominated by South
Palladium Gold Platinum
Africa and Russia
16Palladium demand driven by
environmental benefits
SKAERGAARD PROJECT
Rare precious / industrial metal with unique
catalytic and physical properties
Dominant material for gasoline (petrol)
engine auto-catalyst emission controls
including hybrids
Stricter global emission standards
driving strong demand and growth
Limited substitution options
and low global inventories
17Next Steps
Short Term PEA Stage
SKAERGAARD PROJECT
Short term strategy focused on resource growth Further strategy focused on preparing a
and improved understanding of the geology: Preliminary Economic Assessment through:
1. Infill drilling to convert additional Inferred Resources 1. Further assessment of engineering, design and
to Indicated Mineral Resources: 12,500 to 15,000 m technology factors including:
• Starting H2-2021 with planning already • Design and location of the process plant
underway for late June mobilization to site • Tailings disposal system
• Investigate northern part of resource with • Optimal mining methods
demonstrated continuity of geology & • Refining expected capital and operating
mineralization, investigate possibility of open- costs
pit mining scenario in this underexplored area • Review of Greenland’s environmental
permitting process
2. Detailed metallurgical test work to determine:
• Processing characteristics 2. Fast tracking to Pre-Feasibility Study Stage
• Optimal process route,
• Quality and pricing of saleable products
18Management and Directors
Paul Ténière Joel Dumaresq Fred Tejada
SKAERGAARD PROJECT
President and CEO Board Chair and CFO Independent Director
M.Sc., P.Geo. P.Geo.
Mr. Ténière has over 20 years of diverse Mr. Dumaresq brings 30 years experience Mr. Tejada is a professional geologist,
experience in the mining and oil & gas in the financial sector holding financial and registered in British Columbia. He has over
sectors in Canada, United States, and investment banking roles with RBC 35 years of international mineral industry
internationally taking projects from Dominion Securities and was a managing experience and has a proven track record,
exploration stage to mine development. director of Vancouver based private equity working with both major and junior mining
Paul has held senior to executive roles with and merchant banking firm Matric Partners and exploration focused organizations. He
junior to major mining companies Inc. for 12 years. Joel brings significant is currently CEO and a director of Kalo Gold
developing precious metal, base metal, and M&A experience and has managed a range Holdings Corp. Mr. Tejada was Country
metallurgical coal deposits, and has of private & public enterprises worldwide Manager for Phelps Dodge Exploration
significant capital markets and corporate including the resource sector. Corporation in the Philippines and
finance experience through his past senior previously Vice President for Exploration of
roles with the TSX and TSX Venture Panoro Minerals Ltd. and Tirex Resources
Exchange. He was Chief Geologist for Ltd. He had also been previously involved in
Sherritt International Corp. and an the exploration of the Trend and the
Exploration Manager for Vale S.A. and Solid Belcourt Saxon coal projects in Northeast
Energy New Zealand developing large-scale British Columbia. Mr. Tejada is also a
coal mining projects in Australia and New director of several junior mining companies
Zealand. He has also worked on lead-zinc based in Vancouver, BC.
deposits, porphyry-style copper-lead-zinc
deposits, and gold-PGM deposits in Canada,
United States, and Europe. 19Management and Directors
Stephen Stine Jim Sparling Gustavo Delendatti
SKAERGAARD PROJECT
Independent Director Project Manager – Skaergaard Project Chief Geologist
MBA, P.Geo. PhD, MAIG (CP)
Mr. Stine holds a B.S. in Metallurgical Mr. Sparling is a professional geologist Dr. Delendatti is a senior geologist with
Engineering from the Colorado School of (P.Geo.) with a B.Sc. Advanced Geology over 24 years of experience in the
Mines and is a veteran of seven mine degree (1984) from the University of evaluation, exploration and development of
permittings, two public consultations, six Saskatchewan and an MBA (2003) from the mineral deposits in a range of
bankable feasibility studies, six mine Royal Roads University School of Business. mineralisation styles including epithermal,
constructions and startups and numerous He has over 30 years of experience in porphyry, volcanogenic massive sulphide,
project financings. He was involved with the exploration management and surface and lithium pegmatite deposits in South
development of the following mines: underground mining operations, including America, North America and Australia.
Bismark (Mexico), Cuajone (Peru), Rio broad-based experience in base metals, Most recently, he was Exploration Manager
Chiquito (Costa Rica), Twin Buttes (Arizona), gold and nickel exploration. Mr. Sparling at the Authier Lithium Project in Quebec for
Burma (Myanmar), Slovakia, Canada and worked as a Geophysical Crew Chief, ASX-listed Sayona Mining Limited. He
United States. Project Geologist, and Senior Exploration played a key role in the completion of the
Geologist with HudBay Minerals Inc. Authier project's Pre- and Definitive
(“Hudbay”) from 1994 to 2003 and from Feasibility Studies and led more than
2009 to 2011. More recently, Mr. Sparling 15,000 metres of drilling that more than
was the Project Manager for North tripled the size of the lithium resource since
American Nickel’s Maniitsoq Project in acquisition.
western Greenland.
20Highlights
Undervalued Major Precious Metals Corp. trades at a fraction of its peers
Mining-Friendly
Jurisdiction Located in Greenland, a safe and mining-friendly jurisdiction
Large Resource 5.5 Moz PdEq Indicated and 14.4 Moz PdEq Inferred
Strategic
Palladium Deposit One of the largest palladium (PGM) deposits outside of South Africa and Russia
Mining Studies Upcoming mining studies could justify re-rating
21CONTACT
Paul Ténière
President and CEO
(604) 687-2038
info@majorprecious.com
789 West Pender St., Suite 810
Vancouver, BC V6C 1H2
majorprecious.com Canada
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