Exploring The Crown Jewel of Canadian Mining - Corporate Presentation February 2021 - Talisker ...
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TSX :TSK
OTCQX:TSKFF
Corporate Presentation
February 2021
Excellence In Exploration
Exploring The Crown Jewel of Canadian Mining
February
2021
F o r w a r d L o o k i n g St a t e m e n t s
Certain statements in this presentation are forward-looking statements, which reflect the expectations of management regarding the
business development objectives and plans of Talisker Resources Ltd. (“Talisker” or the“Company”).
Forward-looking information contained in this presentation are based on certain factors and assumptions regarding, among other things, the
receipt of all necessary regulatory approvals, availability of necessary financing, potential mineralization on the properties proposed to be
acquired, and other similar matters. While Talisker considers these assumptions to be reasonable based on information currently available
to it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral
deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or
recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased
competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks,
including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and
environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.
Further, these forward looking statements reflect management’s current views and are based on certain expectations, estimates and
assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differ
materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in
North America and internationally, (2) the inherent uncertainties and speculative nature associated with gold exploration, (3) a decreased
demand for gold, (4) any number of events or causes which may delay exploration and development of the Company’s property interests,
such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not
execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8)
other factors beyond the Company’s control. These forward looking statements are made as of the date of this presentation and Talisker
does not assume an obligation to update these forward looking statements, or to update the reasons why actual results differed from those
projected in the forward-looking statements, except in accordance with applicable securities laws.
Additional information about Talisker and these and other assumptions, risks and uncertainties is available on SEDAR under the public
filings of Talisker available on SEDAR at www.sedar.com. Any Resources, Reserves or other estimates as to the volume of mineralized rock
contained herein are historical estimates and were completed prior to the implementation of NI 43-101 unless expressly stated. Sufficient
work to classify the historic mineral resource as a current mineral resource has not been completed. Hence, the resource estimate should
not be relied upon.
February 2021 2
Co r p o r a te
Share Structure and Capitalization
Capital Structure
Strong institutional shareholder base
Common Shares Outstanding 213,367,849 including Franklin, RBC, Sprott,
Warrants 33,117,144 Gold 2000, Equinox, Merk,
Options + RSUs 16,348,750 Donald Smith and others.
Fully Diluted Shares Outstanding 262,833,743
Market Capitalization ~C$32M in Treasury *
* as at September 30, 2020
Capitalization ~66.1 million
Talisker Shareholder Base
7.4%
7.4%
9.0% 38.2%
37.9%
Retail Institutional Insiders Avino Osisko
February 2021 3
Co r p o r a t e L e a d e r sh ip
MANAG E M E NT
Terry Harbort PhD in Structural Geology and Tectonics ● Specialist in mapping and interpretation of ore geometries and ore controls covering
CEO, President, Director various types of geological environments with direct applications to mineral economics from target generation, target definition and
evaluation, and project management ● Recognised senior member of the discovery team of AngloGold's Ashanti's La Colosa and
Gramalote deposits ● Co-founder and VP Exploration, Talisker Exploration Services Inc. and former Director and VP Corporate
Development, Sable Resources Ltd. and former Chief Geoscientist, Barkerville Gold Mines Ltd. ●
Andres Tinajero MBA and Member, Canadian Institute of Chartered Professional Accountants, the Certified Practicing Accountants of Australia
CFO, Director and Certified member, Institute of Corporate Directors ● Served as CFO and Vice President of Finance of several medium sized
public companies across Canada ●
Mick Carew ~20 years experience in the domestic and international mining industry ● Former senior mining analyst with Haywood Securities
PhD, in Geology ● Advanced exploration roles with BHP Billiton, Ivanhoe Mines, Mount Isa Mines, among others ● PhD in Economic Geology
from James Cook University, Queensland, Australia ●
VP, Corporate and
Strategic Development
Michael McPhie 25 years senior experience in the natural resources sector ● Specialist in regulatory issues for mining projects and operations
BSc, MSc, ICD.D including leading the environmental assessment, permitting, Indigenous engagement and government affairs for many projects in
western and northern Canada and internationally ● Founding partner, Falkirk Environmental Consultants and former past Chair of
VP, Sustainability and
the Board, Ridley Terminals Inc. and the Association for Mineral Exploration (AME), the British Columbia Institute of Technology
External Affairs
(BCIT) and past President and CEO, Mining Association of British Columbia ●
Leonardo de Souza 35 years experience in mineral exploration and 21 years in mineral resource estimation ● Brownfields exploration for gold and
BSc, PGeo, QP copper, having participated in the addition of 9+ Moz of gold resources in the operations of AngloGold in South America, and 2+
Moz of gold plus 4.6+ Blbs of copper in resources of the Salobo project in Brazil for Anglo American ● Resource estimation and
VP, Exploration &
evaluations in a range of commodities and deposit styles from grassroots opportunities to feasibility studies and mining operations
Resource Development ●
Ruben Padilla 30+ years experience in the mineral exploration industry, including important research at the La Escondida deposit ● Former
PhD, Director of Geology Exploration Country Manager in Peru and Chief Geologist for the Americas, AngloGold Ashanti Ltd. ● Member of the team that
discovered the Colosa and Gramalote deposits in Colombia ● Founder and chief geologist, Talisker Exploration Services Inc. and
current director , UniGold Inc. and Minera Alamos Inc. ●
February 2021 4
Co r p o r a t e L e a d e r ship
NON-EXECUTIVE DIRECTORS
Morris Prychidny (1)(3*) Chartered Accountant with 35+ years experience in the mining, entertainment and real estate industries ● Current Chairman,
Chairman Nighthawk Gold Corp. and Director, Fountain Asset Corp. and Northfield Capital Corporation ● Former Director, Barkerville
Gold Mines Ltd. acquired by Osisko Gold Royalties for $338 million in 2019 ● Director and Asset Manager, Orion Capital
Incorporated, a Toronto-based asset management company ●
Brent Gilchrist (4) Accomplished finance executive with extensive experience in the investment and banking sectors ● President, JDS
Resources Inc., the JDS Group of Companies’ venture capital and private equity arm responsible for investment management,
acquisitions and project financing ● President and Co-founder, JDS Silver Inc., the owner and operator of the Silvertip Mine
located in northern British Columbia ●
Susan J. Mitchell (1)(2*) Senior financial executive with extensive experience in minerals, natural resource and clean energy sectors gained with two
global banking institutions, a Fortune 400 mining company and in her own corporate finance advisory firm, S. Mitchell &
Associates, LLC which she still operates ●Currently Senior Managing Director, Mid-Market Securities LLC, a New York based
investment bank ● Former, Managing Director, Global Structured Finance, Mining, Westdeutsche Landesbank; Director,
Financial Risk Management at Cyprus Amax Minerals; and Senior Manager, Corporate Finance at CIBC, Toronto ●
Eric Tremblay (2)(4*) Mining executive with close to 30 years’ experience in mine building and mine operations ● Current COO, Dalradian
Resources Inc. ● Former General Manager Canadian Malartic, Canada’s largest gold mine. Former general manager
IamGold’s Westwood Project, its Sleeping Giant Mine ● Former contractor Agnico Eagle, Barrick and Placer Dome ● BSc. in
mining engineering and mineral processing from Laval University, Quebec ●
Blair Zaritsky (1*)(2) Chartered professional accountant with 15+ years of professional experience, primarily in the mining sector ● Current Chief
Financial Officer, Osisko Mining Inc. and former Chief Financial Officer and Director, Oban Exploration Limited ● Obtained
Chartered Professional Accountant designation in 2003 and holds dual Bachelor of Arts degrees in accounting and economics
from Brock University and Western University, respectively ●
Committee Membership: (1) Audit, (2) Compensation, (3) Corporate Governance and Nominating, (4) SHEA & Technical | * Denotes Chair
February 2021 5
D o m i n a n t Ex p l o r e r i n So u t h e r n BC
• 278,363+ha in Mineral Claims
• Majority control of three Canadian gold belts - one Orogenic, two Epithermal
• Bralorne
• Historic Camp
• Spences Bridge
• Emerging
• Eight drill targets
• 100 anomalies
• Remington
• Frontier
• New discoveries
• Excellent road access
direct from Vancouver
February 2021 6
Br a l o r n e Pr o j e c t H i s t o r y
• Three historic mines owned by separate
companies, over 50 years of production
• 7.3Mt @ 17.7g/t for 4.2Moz from 30 veins
• Historic mining at Bralorne and
Pioneer averaged 115,000oz per 50m
vertical panel (2,300oz/vertical
metre)
• Mining halted in 1971 at the 20 Level
(900m depth) on all except the 77 vein
(due to US$35/oz gold), mining on 77
vein to 1.9km depth
• 33 other veins identified, evidence for all
63 to be open at depth many along strike
• Existing compliant near surface resource
of 663,600t @ 9.4g/t for 174,400oz Bralorne Sample
Royal Alberta Museum
Bralorne Sample – Royal Alberta Museum
February 2021 7
Wo r l d C l a s s C o n t i n u i t y
• More than 1,300m of high grade continuity demonstrated for 77 Vein (still open)
• More than 900m of high grade continuity for other veins
• Average vein width 0.9m (n=63)
77 T Vein 53 Vein 500m 51 Vein 1,100m
500m
600m
Drift
Samples 200m
Main Vein
1300m
750m 200m
OPEN
27 Vein
600m
850m
500m
Aug/t
0 to3
500m 3 to5
5 to7
7 to 10
200m 200m 200m
OPEN 10 to 15
>=15
OPEN
February 2021 8
Upside – Strike Extensions
OPEN
OPEN
OPEN OPEN
OPEN
February 2021 9
Modeled Stage 1 Targets
King Mine Bralorne Mine Pioneer Mine King Mine Bralorne Mine Pioneer Mine
0m
250m
500m
750m
1000m
1250m
1500m
Au g/t
1750m
250m
2000m
Historical Stopes Interpreted Targets
ConditionalExpectation - Au
5000
4000
Clear trend of
grade to
(Feet)
3000
increase with
2000
Vein wireframes modeled from drift assays
depth
Vertical
1000
and level plans
0
-1000
-2000
0 5 10 15 20 25 30
Au (g/t)
February 2021 10Characteristics of Gold Mineralization
• Historical mining focussed on high-grade
quartz veins only
• Preliminary drilling has intersected lower-
grade vein selvage
• Gold grades in vein selvage range from
0.5 to 2.5 g/t gold
• Combined vein/selvage increases overall
vein width with minimal dilution
• Potential upside in any future mine
planning scenario
Vein + Selvage Width = Up to 5 meters
February 2021 11Infrastructure
• Direct Highway Access from Vancouver (231km via Hurley, 371km via Lillooet)
• Proximal to airstrip
• Active mining, tailings and water discharge permits / No acid mine drainage
• Direct grid power connection (1.5Mva) / Hydro generation plant 4km from site
• State of the art water treatment facility
• Operational camp and kitchen
• Consolidated land package (11,619 ha in 55 mineral claims, 3 leases + 198 Crown Grant claims)
• Proven process flow (gravity and float con.) - 90% average recovery
• Key indigenous and community agreements signed
February 2021 12Similar Deposits/Operations
• Analogous high-grade/narrow vein deposits/operations:
Curraghinalt Serra Grande Charters Towers Bralorne
Location Ireland Brazil Australia Canada
Status Development Production Production Historic Producer
Deposit type Orogenic Orogenic Orogenic Orogenic
Resource/Reserve 3.06 Moz @ 15.02 g/t Au 2.74 Moz @ 4.52 g/t 11.78 Moz @ 14.5 g/t 169,000 ounces @ 8.37 g/t
(Measured and Indicated) Au (Measured, gold (Indicated and Au (2014)
Indicated and Inferred) Inferred)
Production 1,400 t/d 123,000 Oz @ 3.23 g/t 150 t/h 4.2 million ounces @ 17.7
gold (2019) g/t gold (total)
UG Mining Method Cut and fill, long-hole Cut and fill, sub-level Long-hole stoping Shrinkage stoping, cut and
stoping fill (historic production)
Average Vein Width 0.73 m N/A 0.1 to 2 mVein Targets Tested – January Results
Long Section
• 25 vein targets validated and three new vein discoveries
• Drilling targets/panels generated from historic
underground drift samples (un-stoped areas only)
February 2021 14Vein Targets Tested – January Results
Oblique View
• 25 vein targets validated and three new vein discoveries
• Drilling targets/panels generated from historic underground
drift samples (un-stoped areas only)
February 2021 15Vein Targets Tested – January Results
Cross-section View
• 25 vein targets validated and three new vein
discoveries
• Drilling targets/panels generated from historic
underground drift samples (un-stoped areas only)
February 2021 16Ex p l o r a t i o n D r i l l Pl a n
• 2020 - 21,550m completed in first year
• 2021 - Stage one 50,000m resource drill
program underway
• Targeting inferred resource to 700m depth on
14 veins
• Early focus on close-to-surface vein zones
• 4 Rigs active increasing to 8 in Spring
• 100 person camp and new logging facilities
under construction
February 2021 17Ag g r essive Gr eenfields Continues
• 85% control of Spences Bridge
Gold Belt
• 100% control of Remington
Gold Belt
• Major company style systematic
greenfields geochemical
program
• 20 geologists in the field during
2019 and 2020
• Building long term robust project
pipeline
• Phase 1 Complete: 2,934 first
order samples stream samples
collected
• Phase 2: 8,043 Soils Samples collected
• M&A activities to increase control
• Capitalize on Year-Round field season to accelerate exploration timeline
• C$8M budget for 2021 – 15,000m drilling planned
February 2021 18Phase 2 Exploration a Success
• 13 Phase 1 Prospects defined
• 8 Drill Ready Targets developed from Phase 2; permitting underway
• Robust multi-basin, multi-element targets
• 12 Au anomalies greater than Shovelnose discovery sample
• 100 anomalies requiring
follow up
• Numerous outcropping
vein systems identified
• Full 2020 Results Pending
February 2021 19Contact
Co r p o r a t e He a d Office :
350 Bay Street, Suite 400
Toronto, ON M5H 2S9
Vancouver O f f ic e :
900-999 West Hastings Street
Vancouver, BC V6C 2W2
Terry Harbort, President & CEO
+1(416) 357-0227
terry.harbort@taliskerresources.com
Mick Carew, VP Corporate Development
mick.carew@taliskerresources.com
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