Nevada based precious metals exploration company focused on growth - TSXV:MPM OTCQB:MLPMF
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TSXV:MPM
OTCQB:MLPMF
Nevada based precious
metals exploration company
focused on growth
Corporate Presentation
March 2022
DISCLAIMER
Certain statements in this presentation are forward-looking statements, which reflect the expectations of management regarding the business development objectives and plans of Millennial Precious Metals Corp. (“Millennial” or the
“Company”).
Forward-looking information contained in this presentation are based on certain factors and assumptions. While Millennial 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 health pandemics and the outbreak of communicable diseases, such as the current outbreak of the novel coronavirus, COVID-19.
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 mineral exploration, (3) a decreased demand for precious metals, (4) any number of events or causes which may delay exploration and development of the 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 Millennial 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.
This presentation contains information regarding mineral resources estimated at projects referenced herein. Such mineral resources and other scientific and technical information in this presentation has been reviewed and approved by
Leonardo De Souza, an independent “Qualified Person” within the meaning of National Instrument 43-101 of the Canadian Securities Administrators (“NI 43-101”).
The disclosure in this presentation may use mineral resource classification terms that comply with reporting standards in Canada, and mineral resource estimates that are made in accordance with NI 43-101. These standards differ
significantly from the mineral reserve disclosure requirements of the United States Securities Exchange Commission (the “SEC”) set forth in Industry Guide 7. Consequently, information regarding mineralization contained in this
presentation is not comparable to similar information that would generally be disclosed by U.S. companies in accordance with the rules of the SEC and terms recognized under Canadian regulations are not recognized by the SEC.
It cannot be assumed that all or any part of mineral resource categories referred to in this presentation will ever be upgraded to a higher category or converted into mineral reserves as defined in NI 43-101 or Industry Guide 7.
Additionally, “inferred mineral resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility, therefore investors are also cautioned not to assume that all or any part of an inferred
mineral resource exists or that any part of the mineral resources in this presentation are economically or legally mineable.
This presentation also contains or references certain market, industry and peer group data which is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly
available sources. Although the Company believe these sources to be generally reliable, such information is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data,
the voluntary nature of the data gathering process and other inherent limitations and uncertainties. The Company has not independently verified any of the data from third party sources referred to in this presentation and accordingly, the
accuracy and completeness of such data is not guaranteed.
This document is not an offer of securities for sale in the United States or in any other jurisdiction. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the
“U.S. Securities Act”) or any state securities laws and may not be offered and sold in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act.
2 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION
MILLENNIAL OVERVIEW
Precious metals Corporate Overview
exploration company ▪ Nevada focused roll-up gold vehicle; the next “go-to”
building a multi-
exploration and development play in North America
million-ounce multi
▪ Executive team with significant experience
in mineral exploration; 59Mozs of gold discoveries to
asset portfolio date across 7 projects, 5 of such projects now
construction ready or in production1
Focused on near
▪ High quality portfolio of assets in Nevada and Arizona
that have not been in public markets for +10 years
surface, heap ▪ Aggressive growth strategy through resource
leachable ounces in expansion, conversion and target generation
the world’s top ▪ Strong financial backing; significant insider ownership
mining jurisdictions
aligns management with shareholders
1. 59Mozs total Au discoveries across La Colosa (AngloGold Ashanti),
Escondita East (BHP), Windfall (Osisko), Cariboo (Barkerville), Côté Gold
3 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION (IAMGOLD) and Santana/Cerro de Oro (Minera Alamos)
NORTHERN NEVADA GETCHELL
RIFT WEST CORRIDOR TREND
INDEPENDENCE TREND
MOUNTAIN
VIEW DUNE
MILLENNIAL CORPORATE SUMMARY
59Moz $16M
EDEN
WILDCAT
RED CANYON
MARR
Team behind Current cash
OCELOT
59 million ounces balance of
of gold discoveries1 ~C$16 million
1.2Moz 20,000m
NEVADA
1.2Mozs global 20,000m drill
oxide Inferred program initiated
resource (+700koz across 3 key projects
potential)2,3
1. Refer to slide 3 for list of gold discoveries; 2. Global resource includes Wildcat and Mountain View Inferred Resources outlined on slides 8 and 10; 3.The exploration target in the fresh rock in respect of the
Wildcat Property ranges from 40-50Mt at average grades of 0.39-0.44 g/t Au and 4.4-4.7 g/t Ag, containing 0.5-0.7Moz Au and 6-7Moz Ag; the potential quantity and grade of this exploration target is conceptual
in nature and there has been insufficient exploration to define it as a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource; Source: November
2020 NI 43-101 Technical Reports for the Wildcat Project and the Mountain View Project filed on SEDAR
4 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION
MILLENNIAL LEADERSHIP
Senior Management Prior Experience
Jason Kosec Andres Tinajero Raphael Dutaut Jason Banducci David Badham
President, CEO & CFO VP, Exploration VP, Corporate Director, Legal &
Director Development Corporate Affairs
Board of Directors & Advisors
Ruben Padilla Terry Harbort Michael Leskovec Sara Heston Eric Tremblay
Chief Geologist & Director Director Director Technical Advisor
Director
5 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION
CORPORATE PROFILE
Share Structure Ownership1
2.7%
Basic Shares Outstanding 138,590,947 9.7%
Options 8,694,500 Institutional
11.1%
Retail & High Net Worth
Warrants 2,741,310
50.0% Management & Board
RSUs 2,703,000
Waterton
Fully Diluted Shares Outstanding 152,729,757
Red Canyon
26.5%
Current Cash Position ~C$16M
Analyst Coverage Top Institutional Shareholders Approx. % Ownership
Merk 9.3%
Broker Analyst Target Price Eric Sprott 8.0%
Vestcor 7.1%
Richard Gray C$1.40
NewGen 5.6%
Akin Akinwale C$1.30 Franklin Templeton 4.9%
Terra 2.7%
Philip Ker C$0.90 Northfield 2.2%
Sentry 2.2%
Brock Salier C$1.20 Medalist 1.9%
Bromma 1.7%
Alex Terentiew C$1.30
1. Basic ownership % estimates based on most recent reporting available
6 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION
ESG – THINKING OF TOMORROW, TODAY
OUR APPROACH TO ESG HEALTH & SAFETY
Guided by our mission and core values, we are committed to We promote a culture of safety by leading by example. In all
creating lasting socio-economic benefits for all stakeholders our activities, we strive to reduce risk through elimination,
through the responsible discovery and expansion of economic substitution, engineering controls, procedures, training, and
gold ounces. protective equipment to ensure everyone returns home
safely, every day.
We are committed to protecting the natural
environment and minimizing adverse impacts
ENVIRONMENTAL caused by our operations or activities.
We are committed to creating and sharing OUR COVID-19 RESPONSE
economic value in the countries and communities
SOCIAL where we operate. Millennial Precious Metals is committed to managing and
responding to COVID-19 by respecting the
recommendations of health authorities and local and
Strong corporate governance policies and national regulatory requirements.
GOVERNANCE processes enable us to effectively manage and
oversee ESG-related risks and opportunities.
77 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION
KEY ASSETS – WILDCAT NORTHERN NEVADA GETCHELL
RIFT WEST CORRIDOR TREND
INDEPENDENCE TREND
Summary MOUNTAIN
VIEW DUNE
Property Resource-stage, low-sulphidation epithermal project; widespread oxide & sulphide Au
Location Located in the Farrell Mining District, Nevada, ~56km from the town of Lovelock
WILDCAT EDEN
Land Package 10,642-acre land package, including 516 unpatented and 4 patented claims
RED CANYON
Access Road access from Lovelock via State Route 398 & 399, paved for first ~25km MARR
Infrastructure Lovelock has a population of ~3,000, with infrastructure to support a mining operation
OCELOT
Historical Drilling 256 RC holes drilled, totaling ~95,000 feet
Significant Intercepts 80’ @ 8.0 g/t Au, including 35’ @ 17.1 g/t Au
Geochemistry 1,500 rock chip (surface & underground) and 3,000 soil samples
Geophysics Ground magnetic data, VLF, IP and resistivity data
NEVADA
Mineral Resources1
Gold Silver Gold Silver
Gold Price Tonnes* Stripping
Category Grade Grade Ounces Ounces
(US$/oz) (Mt) Ratio
(g/t) (g/t) (koz) (Moz)
$1,300 53.3 0.43 3.4 720 6.0 0.16
$1,400 57.3 0.40 3.4 752 6.3 0.16
0 50 Miles
Inferred $1,500** 60.8 0.40 3.4 776 6.6 0.16
$1,600 64.8 0.37 3.4 805 7.0 0.18
Property
$1,700 67.6 0.37 3.4 824 7.3 0.19 Locations
Major Active
1. Refer to the November 2020 NI 43-101 Technical Report for the Wildcat Project filed on SEDAR Mines 2019
* Note that each scenario has a different pit shell and cut-off grade; ** Base case gold price is US$1,500/oz
Significant
Metals Deposits
8 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION
0 50 Miles
KEY ASSETS – WILDCAT
Objectives & Key Observations
▪ Phase 1 Objectives:
▪ Identify plumbing systems
▪ Resource expansion and resource conversion
▪ 44 holes, totaling 4,150m
▪ Observations:
▪ Detailed mapping program identified 2.3km x 1.2km
mineralized footprint
▪ Team has also mapped a 1.25km vein running NE-
SW showing significant epithermal signatures
9 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION
KEY ASSETS – MOUNTAIN VIEW NORTHERN NEVADA GETCHELL
RIFT WEST CORRIDOR TREND
INDEPENDENCE TREND
Summary
MOUNTAIN
VIEW DUNE
Property Resource-stage, low-sulphidation epithermal project; disseminated & vein-hosted Au
Location Located in the Deephole Mining District, Nevada, ~24km from the town of Gerlach EDEN
WILDCAT
Land Package 3,169-acre land package, consisting of 154 unpatented claims
RED CANYON
Access Year-round road access via State Route 447 followed by a ~2km gravel road MARR
Infrastructure Gerlach is the closest town, main power line traverses the property
OCELOT
Historical Drilling >250 RC and diamond drilling holes completed
Significant Intercepts 5’ @ 188 g/t Au
Geochemistry 4,600 soil samples taken, 807 grab samples with 2-8 ppm
Geophysics Gravity, magnetic, and CSMAT data complete
Mineral Resources1
NEVADA
Gold Silver
Gold Price Tonnes* Gold Grade Silver Grade Stripping
Category Ounces Ounces
(US$/oz) (Mt) (g/t) (g/t) Ratio
(koz) (Moz)
$1,300 20.2 0.62 2.90 400 1.9 3.0
$1,400 21.9 0.59 2.79 419 2.0 2.8
Inferred $1,500** 23.2 0.57 2.68 427 2.0 2.7 0 50 Miles
$1,600 24.6 0.56 2.58 440 2.0 2.6
$1,700 25.9 0.54 2.53 450 2.1 2.5 Property
Locations
Major Active
1. Refer to the November 2020 NI 43-101 Technical Report for the Mountain View Project filed on SEDAR Mines 2019
* Note that each scenario has a different pit shell and cut-off grade; ** Base case gold price is US$1,500/oz
Significant
Metals Deposits
10 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONKEY ASSETS – MOUNTAIN VIEW
Objectives & Key Observations
▪ Phase 1 Objectives:
▪ Identify plumbing systems
▪ Resource expansion and resource conversion
▪ 30 holes, totaling 7,250m
▪ Key Observations:
▪ Grades are significantly higher than expected
▪ Potential discovery of the feeder zone – never been done
▪ Overburden composed of sand and gravel = lower pre strip
▪ Deep oxidation profile
▪ Minor post mineral faulting = positive impact on leach kinetics
Hole No. From (m) To (m) Interval (m) Au (g/t)
MVCD-0004 114.9 243.2 128.3 1.73
including 122.5 193.8 71.2 2.91
including 178.9 185.3 6.4 26.31
including 182.0 185.3 3.4 49.51
including 184.5 185.3 0.8 141.73
MVCD-0003 194.8 215.3 20.5 2.31
including 194.8 202.4 7.6 4.05
11 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONKEY ASSETS – MOUNTAIN VIEW
Hole No. From (m) To (m) Interval (m) Au (g/t)
MVCD-0015 118.3 393.8 275.5 0.49
including 232.6 244.8 12.2 2.14
Including 270.7 310.0 39.3 1.89
MVCD-0013 114.3 278.9 164.6 0.32
Including 114.3 135.6 21.3 0.94
Including 226.3 253.9 27.6 0.90
MVCD-0016A 111.5 344.0 232.5 0.91
Including 296.3 318.5 22.3 2.18
including 318.5 329.8 11.3 10.88
12 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONKEY ASSETS – MOUNTAIN VIEW
Mtn. View – E-W Schematic A-A’ Cross Section Mtn. View – E-W Schematic Plan View
Low Sulphidation – Rift Related Epithermal System Productive Range Front Fault
POTENTIAL FOR HIGH GRADE POTENTIAL FOR ADDITIONAL
QZ VEINS IN LOWER ANDESITE MINERALIZED CENTRES
13 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONKEY ASSETS – RED CANYON NORTHERN NEVADA GETCHELL
RIFT WEST CORRIDOR TREND
Summary
INDEPENDENCE TREND
MOUNTAIN
VIEW DUNE
Broad area of strong hydrothermal system with high grade gold in
permissive Devonian host rocks; extensive and deep oxidation similar
Property
geology to Barrick’s giant Cortez Hills; Millennial has an option to acquire
the Red Canyon Property pursuant to a lease and option agreement EDEN
WILDCAT
Trend Battle Mountain - Eureka (Cortez)
Land Package 7,190-acre land package, consisting of 348 unpatented claims RED CANYON
MARR
Deposit Type Carlin Style
Historical Drilling No holes test the Devonian unit which hosts the Cortez Hill deposit
Significant Intercepts 4.54 g/t Au over 54m incl. 9.18 g/t Au over 22m OCELOT
Geochemistry 4,600 soil samples taken, 807 grab samples with 2-8 ppm
Geophysics Gravity, magnetic, and CSMAT data complete
Objectives & Key Observations
▪ Phase 1 Objectives:
▪ Confirm historical drill intercepts within primary targets and test step out targets NEVADA
▪ Define grade, continuity, and geometry within the Heavenly Zone target
▪ 12 holes, totaling 2,341m
▪ Key Observations:
▪ Mineralization at the Heavenly Zone consists of stratabound Au hosted in
calcareous siltstone of the lower plate units
0 50 Miles
▪ Mineralization is dipping moderately to the southeast and is consistent with the
Company’s working geological model
▪ Mineralization in the Heavenly Zone is open to the south and southeast Property
Locations
▪ Phase 2 drill program to be completed in 2022 Major Active
Mines 2019
Significant
Metals Deposits
14 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONKEY ASSETS – RED CANYON
Phase 1 Drilling Highlights
Hole No. From (m) To (m) Interval (m) Au (g/t)
HVN-2021-001RD 22.0 44.0 22.0 2.61
HVN-2021-002RD 1.0 55.0 54.0 4.54
HVN-2021-003 13.0 24.0 11.0 3.01
HVN-2021-004 19.0 34.0 15.0 1.08
HVN-2021-005 13.0 31.0 18.0 4.61
HVN-2021-009 25.0 60.5 35.5 0.49
15 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONKEY ASSETS – RED CANYON Carlin Style Deposits – Exploration Criteria ✓ Reactive carbonate rocks ✓ Regional mid-crustal break ✓ Pre-mineral deformational events to provide induced permeability and fluid conduits ✓ Decalcification of impure calcareous sedimentary rocks ✓ Magmatic or metamorphic fluids ✓ Lithological – Rheological contrasts astride zones of deformation or along major fault offsets ✓ Jasperoidal replacement (with evidence of hydrothermal brecciation above targets) ✓ Extensive Hg, As, Ti surface geochemistry 16 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION
PROJECT BENCHMARKING – NEVADA OXIDE GOLD
Au Grade / Strip Ratio1 Resource Grade (g/t Au)1
Gold Bar (MUX) 0.90
Unique
Wildcat+Mtn.View (MPM) 0.42
Railroad-Pinon (GSV) 0.77
Mother Lode (AU) 0.77
combination Hasbrouck (WVM) 0.37 Relief Canyon (USA)
Gold Rock (CXB)
0.72
0.70
of strip ratio North Bullfrog (AU) 0.33 Round Mountain (K)
Wildcat+Mtn.View (MPM) 0.45
0.62
and grade Gold Rock (CXB) 0.26 Pan (CXB) 0.44
to drive
Marigold (SSRM) 0.42
Florida Canyon (AR) 0.41
Pan (CXB) 0.26
Millennial’s
Hasbrouck (WVM) 0.40
North Bullfrog (AU) 0.30
project
Florida Canyon (AR) 0.24
Strip Ratio (Waste:Ore)
economics Round Mountain (K) 0.21
North Bullfrog (AU) 0.9
Wildcat+Mtn.View (MPM) 1.1
Mother Lode (AU) 0.21 Hasbrouck (WVM) 1.1
Pan (CXB) 1.7
Railroad-Pinon (GSV) 0.19 Florida Canyon (AR) 1.7
Gold Rock (CXB) 2.7
Round Mountain (K) 2.9
Relief Canyon (USA) 0.19
Marigold (SSRM) 3.6
Involved in Mother Lode (AU) 3.7
Gold Bar (MUX) 0.17 Recent M&A Relief Canyon (USA) 3.9
Transactions Railroad-Pinon (GSV) 4.1
Marigold (SSRM) 0.12 Gold Bar (MUX) 5.2
1. MPM total grade & strip ratio includes Wildcat and Mountain View Inferred Resources
17 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION Note: Peer set based on selected open-pit, oxide gold projects located in Nevada with publicly available
data for mineral reserves & resources and strip ratio; Source: public disclosurePROJECT BENCHMARKING – HIGH QUALITY OUNCES
Strip Adjusted In-Situ Value (US$/t)1 Potential In-Situ Margin (US$/t)2
Mountain $2,000 $27 $2,000 $16 59%
View and
Wildcat have
$1,900 $26 $1,900 $15 57%
high-margin $1,800 $24 $1,800 $13 55%
Gold Price Assumption (US$/oz)
Gold Price Assumption (US$/oz)
economic
ounces at
$1,700 $23 $1,700 $12 52%
any gold $1,600 $22 $1,600 $11 49%
price
$1,500 $20 $1,500 $9 46%
$1,400 $19 $1,400 $8 42%
$1,300 $18 $1,300 $7 38%
$1,200 $16 $1,200 $5 32%
1. Strip adjusted in-situ value = 0.42 g/t Au (combined strip adjusted grade at Mountain View and Wildcat)
18 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION / 31.1035 x gold price assumption; 2. Margin assumes operating cost of US$11/t milled based on average
of Nevada open-pit oxide gold projects listed on slide 17; Source: public disclosureCOMPETITIVE POSITIONING – NORTH AMERICAN GOLD EXPLORATION
Market Cap. (US$M)1 Total Resource (Moz Au)2 EV / Total Rsrc. (US$/oz Au)
Value OSK $1,263 OSK 7.3 OSK $140
creation PPTA $284 PPTA 7.3 NKG $100
through LGD $266 TLG 7.1 GSV $57
resource
PRB $256 LGD 4.7 PRB $52
GSV $174 NHK 4.0 LGD $48
expansion TLG $145 PRB 3.9 WVM $45
and asset OIII $137 KORE 3.9 G $41
de-risking ITR $94 OIII 3.8 MPM $40
G $80 ITR 3.0 WGO $39
WGO $79 RVG 3.0 PPTA $31
NKG $74 GSV 2.7 ITR $23
MPM $64 WGO 1.8 OIII $17
NHK $60 G 1.5 TLG $16
WVM $55 MPM 1.2 RVG $13
RVG $48 WVM 1.1 NHK $10
KORE $32 NKG 0.6 KORE $7 Average: US$43/oz Au
1. Market cap. shown on a FDITM basis; 2. MPM global resource includes Wildcat and Mountain View
19 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION Inferred Resources; Note: Market data as of 11-Mar-22; Source: company disclosure, FactSetACHIEVEMENTS & UPCOMING CATALYSTS
• Complete go-public transaction; commence trading on the TSX-V ✓
Consistent H1
• Initiate 20,000m drill program at Wildcat, Mountain View & Red Canyon ✓
2021
stream of • Addition of key members of leadership and technical team ✓
positive
catalysts for • Red Canyon Phase 1 drilling – results monthly ✓
Mountain View Phase 1 drilling – results monthly ✓
H2
Millennial 2021
•
through 2022 • Complete OTCQB Venture US listing ✓
• Mountain View Phase 1 drilling – results monthly
H1
• Wildcat Phase 1 drilling – results monthly
2022
• Mountain View & Wildcat initial metallurgical results
• Wildcat & Mountain View mineral resource update
H2
• Red Canyon Phase 2 drilling – results monthly
2022
• Wildcat & Mountain View PEA
20 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONNORTHERN NEVADA GETCHELL
RIFT WEST CORRIDOR TREND
INDEPENDENCE TREND
MOUNTAIN
INVESTMENT HIGHLIGHTS
VIEW DUNE
EDEN
• Management & Directors credited with over 59Moz Au in WILDCAT
The Right discoveries across 7 projects1 RED CANYON
Team • In-house technical experience (Osisko/Talisker) to drive MARR
targeted exploration programs across portfolio
OCELOT
• Nevada: 2021 Fraser Institute #1 most attractive
Excellent jurisdiction in the world for mining investment
Jurisdiction • Outstanding infrastructure, a well-established permitting
framework and a skilled local workforce
• Initial Inferred mineral resource of +1.2Moz Au at Wildcat
High Quality & Mountain View in prolific Northern Nevada2 NEVADA
Assets • Aggressive exploration program underway at key assets;
near-surface, oxide mineralization = low discovery cost
• Strong support from both strategic and large institutional
Top Tier investors (Eric Sprott ~8%)
Shareholders • Significant insider ownership (~11%) aligns
management with shareholders
• Ongoing drilling, updated mineral resource and PEA for
Catalyst Wildcat & Mountain View in 2022
Rich • Numerous near-term share price catalysts and asset
growth potential create a material re-rating opportunity
1. Refer to slide 3 for list of gold discoveries
2. Global resource includes Wildcat and Mountain View Inferred Resources outlined on slides 8 and 10
21 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATION Source: November 2020 NI 43-101 Technical Reports for the Wildcat Project and the Mountain View Project filed on SEDARAppendix
MARR & OCELOT
Marr Summary
High-level exposure of a low-sulphidation system characterized by
Property
chalcedony and opaline veining and sinter terraces
Trend Toiyabe Range
Land Package 1,901-acre land package
Deposit Type Low Sulphidation Epithermal
Historical Drilling 8 holes, logs and assay data available
Significant Intercepts 20‘ @ 0.34 g/t Au (RBX98-6; 65-85 ft)
902 soils and 151 rock-chips, the highest concentrations in rock-chips
Geochemistry
were 294 ppb Au, 10.5 g/t Ag, 92 ppm As, 14 ppm Hg, 75 ppm Sb
Geophysics CSAMT by MK Gold, Regional geophysics (J. Wright) RED
Ocelot Summary MARR
CANYON
Broad area of argillic alteration, anomalous Au and pathfinders in high-
Property level quartz-chalcedony veins with boiling textures, brittle Valmy Fm;
Quartzites in basement
Trend Toiyabe Range
Land Package 3,978-acre land package
Deposit Type Low Sulphidation Epithermal
116 RC holes (only logs are for 288-36-R to 288-74R and OC-06-01) and OCELOT
Historical Drilling
1 core hole (OC-06-01, 216 ft TD). Avg depth of 270 ft
Significant Intercepts 10ft @ 0.5 g/t Au, 5 ft @ 1.2 g/t Au, various 10 to 40 ft of ~100 ppb Au
104 rock-chips with up to 2 g/t Au, 27 g/t Ag, 136 ppm As, 26 ppm Hg, 83 0 20
Geochemistry
ppm Sb and 16.9 ppm Se Kilometers
Geophysics Regional gravity and magnetic data
Property Locations
Major Active Mines 2019
Significant Metals Deposits
23 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONDUNE & EDEN
Dune Summary
Western Nevada rift - Tertiary basaltic dikes and quartz veins along
through-going “plumbing structures”; excellent potential for untested
Property
bonanza vein gold in volcanic sediments in basin to north of anomalous
outcrop and along structural projection
Trend Southern Extension of Sleeper – Sandman trend
Land Package 744-acre land package
Deposit Type Low Sulphidation Epithermal
Historical Drilling No holes test the Devonian unit which hosts the Cortez Hill deposit
Significant Intercepts No drilling records on file 0 20
Geochemistry 15 grab samples from faulted quartz veins Au up to 2.4 ppm Kilometers
Geophysics None
DUNE
EDEN
Eden Summary
Western Nevada rift - Tertiary basaltic dikes and quartz veins along
through-going “plumbing structures”; excellent potential for untested
Property
bonanza vein gold in volcanic sediments in basin to north of anomalous
outcrop and along structural projection
Trend Southern Extension of Sleeper – Sandman trend
Land Package 1,405-acre land package
Deposit Type Low Sulphidation Epithermal
63 holes drilled none deeper than 450 ft, and none passed through the
Historical Drilling
gravels
Significant Intercepts Never been drilled below gravels
Geochemistry 46 samples taken with values around 0.130 ppm Au and 270 ppm Arsenic
Geophysics Gravity and Magnetics, both regional and local
Property Locations
Major Active Mines 2019
Significant Metals Deposits
24 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONCERRO COLORADO
Cerro Colorado Summary
Epithermal, low sulphidation Ag ± Au vein-hosted district with porphyry Silver Bell
Property 10
copper potential
AR I Z O N A
Located in the Cerro Colorado Mining District, Arizona, ~40km from the
Location
town of Green Valley
~10,055-acre land package, consisting of 220 unpatented claims and 10
Land Package
ASLD mineral exploration permits
Year-round road access via paved Arivaca Road, with numerous
Access Tucson
accessible routes
Infrastructure Arivaca is the closest town, local power line traverses the property 86
19
3 DDH holes documented, anecdotal RC and DDH holes across district,
Drilling
no data available
Mission 10
Significant Intercepts No drilling records on file
206
~88 historical soil samples (17,755 g/t Ag and 1.53 g/t Au), 48 samples Twin Buttes
Geochemistry Green Valley
May 2021 (1,307 g/t Ag and 0.58 g/t Au) Sierrita
Rosemont
Geophysics No geophysics on file
CERRO 90
Grab Sample Highlights1 COLORADO
82
Description Ag (g/t) ARIZONA
186
Arivaca
225
Vein Stockwork & 263 19
0 20
Wall Rock 274
Kilometers
280 MEXICO
327 Hermosa
406 Nogales
Vein with 570
Sulphides 912
Property Locations
1,307
Major Active Mines 2019 1. Top 10 Ag grab samples collected by MPM in May 2021
Significant Metals Deposits
25 FOCUSED ON GROWTH THROUGH AGGRESSIVE EXPLORATIONYou can also read
