Alpha Exploration Ltd. · TSXV:ALEX
Alpha Exploration — Investor Presentation (October 2021)
37 slides from Alpha Exploration's investor presentation, Oct 13, 2021
Slide 1: Exciting New Gold-Copper-Zinc Discoveries in Eritrea
Exciting New Gold-Copper-Zinc Discoveries in Eritrea Anagulu Prospect Drill Hole AND003 November 2020 Alpha Exploration Limited 13 October 2021 Presentation 1 ALPHA-EXPLORATION.COM
Slide 2: Disclaimer Notice - Qualified Persons Statement - Confidentiality
Disclaimer Notice - Qualified Persons Statement - Confidentiality Disclaimer Notice This presentation of Alpha Exploration Limited (“AEL”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscri
Slide 3: Images of Eritrea
Images of Eritrea Catholic Cathedral Art Deco building Asmara Islamic Mosque Saint Francis Asmara City Asmara City City Asmara City Asmara City Eritrea Eritrea Eritrea Eritrea Eritrea Port Massawa - Eritrea Dhalak Hotel - Port Massawa - Eritrea Asmara to Massawa Railway - Eritrea Saint Marys Orthodo
Slide 4: Alpha Key Highlights
Alpha Key Highlights STATEMENT ● Alpha Exploration Ltd is a private exploration company focused on the discovery of world class economic gold & base metals deposits in the highly prospective Arabian-Nubian shield, that runs on either side of the Red Sea. The Company expects to be listed on the Can
Slide 5: Alpha Share Structure, Financing & Listing
Alpha Share Structure, Financing & Listing Share Structure as at 12 October 2021 • Shares Outstanding 66,454,296 o Ordinary Shares 51,168,137 o Preference Shares 15,286,159 1 Warrants 2,846,606 • Founder’s Performance Warrants 7,000,000 • Subscription Receipts Held in Escrow Until Listing 2,620,938
Slide 6: Alpha Exploration Board of Directors
Alpha Exploration Board of Directors Michael Hopley - President & CEO BSc (Geology), London University, Member of American Institute of Professional Geologists: • More than 40 years of international experience, has held Executive & Board positions with companies such as Gold Fields Mining, Bema Gold
Slide 7: Alpha Exploration Management – Consultants
Alpha Exploration Management – Consultants MANAGEMENT Tewelde Haile - Exploration Manager BSc Honors (Geology), Addis Ababa University (1985), MSc, Indian Institute of Technology – Kharagpur (1987-1988): • More than 30 years work experience with Mineral Exploration companies and with the Geological
Slide 8: Arabian-Nubian Shield (ANS) with Tier 1 deposits
Arabian-Nubian Shield (ANS) with Tier 1 deposits Canadian & Australian Shields >100 years of aggressive exploration, many mines discovered. The Arabian-Nubian Shield Larger than Australian Shield, minimal exploration over last 100 years, few mines discovered. The Arabian-Nubian Shield A new ex
Slide 9: Advancing Prospects at Kerkasha
Advancing Prospects at Kerkasha Alpha Work Programmes ~C$10 MM (March 2018 – September 2021) ● >14,000 regional & Prospect scale soil samples ● 7 new Prospects discoveries by Alpha ● >6,000 rock chip & channel samples ● Geological mapping on 12 Prospects ● Reprocessing of Airborne Mag & VTEM data
Slide 10: Anagulu – New Porphyry Copper Gold Discovery
Anagulu – New Porphyry Copper Gold Discovery Significant rock chip geochemistry for gold and copper (extending for ~2kms) supported by anomalous gold and copper in soil geochemistry over the same ~2kms strike. Location of photo on the left with oxide copper outcrop Copper (>100ppm) Gold (>0.025ppm
Slide 11: Anagulu – Rock Chip Samples & Assays for Gold
Anagulu – Rock Chip Samples & Assays for Gold Mineralisation is interpreted as a porphyry Cu-Au system. This a virgin discovery by Alpha Exploration. Very significant coincident rock chip & soil geochemistry identified for Au & Cu over ~2km The yellow ellipsoid in the diagram captures the zo
Slide 12: Anagulu – Rock Chip Samples & Assays for Copper
Anagulu – Rock Chip Samples & Assays for Copper IP-Resistivity survey carried out in February 2020: o Identified 2 sub-parallel IP anomalies (3.5km & 2km long respectively) Initial petrography study complete and indicates the metallurgy will be simple. Geochronology of select samples underway
Slide 13: Anagulu – Discovery Drill Hole AND001
Anagulu – Discovery Drill Hole AND001 From Au Cu Ag Hole To (m) (m) (ppm) (%) (ppm) 80 81 1.92 0.70% 2.62 81 82 2.91 1.23% 4.88 82 83 0.91 0.78% 3.99 83 84 1.68 0.79% 4.43 84 85 1.63 0.62% 3.20 85 86 4.29 0.99% 4.87 86 87 1.60 1.11% 6.11 87 88 1.19 0.84% 3.42 88 89 1.69 0.84% 3.78 89 90 1.69 0.98% 4
Slide 14: Anagulu – IP Survey Interpretation
Anagulu – IP Survey Interpretation The Au-Cu mineralisation at Anagulu is within disseminated sulphide (chalcopyrite), in a silica matrix. An IP-Resistivity survey was carried out to test the disseminated sulphide-silica relationship to depth. The survey was successful in identifying coinciden
Slide 15: Anagulu Northeast – Best Drill Results to Date
Anagulu Northeast – Best Drill Results to Date Significant Drill Assay Results in northeast Anagulu Interval Hole_ID From (m) To (m) Au (ppm) Cu (%) Ag (ppm) (m) 44 54 10 0.18 0.16 0.82 69 73 4 0.38 0.07 0.37 ANR015 80 88 8 0.21 0.09 0.68 94 136 42 0.29 0.18 0.78 0 2 2 0.16 0.13 0.40 ANR016 24 26 2
Slide 16: Anagulu Northeast – Drilling with Mineralisation on Geology
Anagulu Northeast – Drilling with Mineralisation on Geology AND001 108m @ 1.24g/t Au, 0.60% Cu ( 60-168m) *Including 49m @ 2.42g/t Au, 1.10% Cu ( 80-129m) AND003 70m @ 0.14g/t Au, 0.12% Cu (173-243m) 9m @ 0.11g/t Au, 0.16% Cu (286-295m) AND008 5m @ 0.09g/t Au, 0.12% Cu (123-128m) 27m @ 0.06g/t Au, 0
Slide 17: Aburna Gold - Prospect – Artisanal Mining
Aburna Gold - Prospect – Artisanal Mining MACHINE LEARNING In-situ Artisanal Gold Mine Workings Free gold Gold tail in dish from panning in Artisanal Area 17
Slide 18: Aburna – Soil Sampling
Aburna – Soil Sampling Has Italian Colonial Mine in the MACHINE LEARNING southwest. 4kms Machine Learning identified Aburna as prospective for mineralisation. 100m x 100m soil sampling programme shows anomalous gold & copper over 6x2kms. Some of the gold-copper soi anomalies remain open to t
Slide 19: Aburna – Rock Chip Sampling
Aburna – Rock Chip Sampling Highly mineralised 4kms gold values in rock chip sampling over a ~6km northeast trend within granodiorite and mafic volcanics. Follow up channel and trench sampling has commenced. Detailed structural mapping commenced in October 2021 ABURNA COLONIAL GOLD MINE Select
Slide 20: Aburna – Channel & Trench Locations
Aburna – Channel & Trench Locations 4kms ABURNA Channel sampling - Aburna COLONIAL GOLD MINE 20 Channel and trench sampling locations on geology
Slide 21: Tolegimja Copper-Zinc-Gold VMS Prospect
Tolegimja Copper-Zinc-Gold VMS Prospect Anomalous Cu-Zn in soils over ~3kms near a mafic-felsic contact with gossan & exhalate Tolegimja Location outcrops. Open to the NE, NW & SW. Geological mapping: 1:5,000 scale geological map completed. Copper (>100ppm) Gravity survey completed in May 2019
Slide 22: Tolegimja – Copper Anomalies
Tolegimja – Copper Anomalies Significant rock chip & channel sample assays for Cu with associated Au & Zn Au Cu Zn Sample (ppm) (%) (%) 116363 0.01 6.53% 0.02% 600584 0.06 6.42% 0.00% 116358 0.01 4.71% 0.01% 116354 0.01 4.46% 0.02% 116362 0.05 4.30% 0.01% 116353 0.01 4.27% 0.01% 116364 -0.01 4.23% 0
Slide 23: Kosolda Gold Prospect – Artisanal Workings, Rock chips, Geology
Kosolda Gold Prospect – Artisanal Workings, Rock chips, Geology Geology Areas of Artisanal pits Surficial cover Granite Kosolda Meta diorite North Metasediments, Slate, Phyllite Felsic tuff Mafics Fault Rock chips – In-situ Workings Kosolda Main, north end (~800m strike) Au (ppm) Quartz Vein 0.000 –
Slide 24: Kosolda - Work Programmes
Kosolda - Work Programmes Selective rock chip, channel, blading and 100m x 100m soil sampling in 2018 & 2019 identified 4 areas of interest (Kosolda West, Main, East & North). ● Kosolda West is most significant Area. Could this be the source to the extensive alluvial gold deposit in the south? 1
Slide 25: Kona West Copper Prospect - Programmes
Kona West Copper Prospect - Programmes Malachite rich gossan occurrences with very anomalous rock chips for Cu (over ~1.5kms). Anomalous Cu in 100m x 100m soil sampling over 1,500m x 300m (open to NE & SW). Lithological & structural mapping completed. 10 hole RC drill program at Kona West (7
Slide 26: Kona West Copper Prospect - Results
Kona West Copper Best drill intercepts from RC drilling at Prospect - Results Kona West: ● 10m @ 0.12% Cu ( 5 - 15m KNR009) ● 5m @ 0.17% Cu ( 45 - 50m KNR006) ● 3m @ 0.15% Cu ( 24 - 27m KNR005) ● 2m @ 0.14% Cu ( 17 - 19m KNR005) ● 1m @ 0.41% Cu ( 4 - 5m KNR002) Malachite rich gossan occurrences wi
Slide 27: Next Steps in Exploration
Next Steps in Exploration ANAGULU: ● Detailed Infill IP-Resistivity surveys for better resolution (Survey completed – interpretation & report expected in October 2021). ● Drill test the coincident rock chip-soil-IP-Resistivity anomalies to ~200m depth (Completed – assays expected in October 2021).
Slide 28: Why Invest in Alpha?
Why Invest in Alpha? Large property on the prospective and underexplored Arabian-Nubian Shield 18 Prospects identified to date Large Gold-Copper Porphyry discovery by Alpha at Anagulu Prospect Anagulu and 4 additional Prospects to be drilled in Q4 2021 Listing on TSX-V Exchange in October
Slide 29: Eritrea Mining Act & Alpha Agreement with ENAMCO
Eritrea Mining Act & Alpha Agreement with ENAMCO The Eritrean Mining Act is based on the West Australian Mining Act and has The agreement between Alpha Exploration been upheld in a fair and consistent manner by the Government, resulting in and the Eritrean National Mining Corporation more Mine devel
Slide 30: Contact Details
Contact Details ABOUT ALPHA EXPLORATION LIMITED Alpha Exploration Ltd is a private exploration company focused on the discovery of world class economic gold & base metals deposits in the highly prospective Arabian-Nubian shield, that runs on either side of the Red Sea. The Company expects to be list
Slide 31: Alpha Occupational Health - Safety – Employment Policies
Alpha Occupational Health - Safety – Employment Policies Alpha Exploration Limited Environmental Policy • Alpha Exploration Ltd is committed to responsible environmental impact assessment and environmental management practice, through the application of international best practice and technology. Al
Slide 32: Statutory Rights of Action
Statutory Rights of Action Statutory Rights of Action Securities legislation in certain of the provinces of Canada provides purchasers with certain statutory rights of action for damages or rescission, in addition to any other rights they may have at law, where an offering memorandum or any amendmen
Slide 33: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) Directors or Signatories will not be liable: a) if they prove the offering memorandum was sent or delivered to the purchaser without their knowledge or consent and, on becoming aware of its delivery, promptly gave general reasonable notice that it was delivered
Slide 34: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) In addition, no person or company, other than the issuer, will be liable if the person or company proves that: a) the offering memorandum or any amendment to it was sent or delivered without the person’s or company’s knowledge or consent and that, on becoming a
Slide 35: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) Newfoundland and Labrador The right of action for damages or rescission described herein is conferred by Section 130.1 of the Securities Act (Newfoundland and Labrador) (the “Newfoundland Act”). The Newfoundland Act provides, in relevant part, that where an off
Slide 36: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) a) no action shall be commenced to enforce the right of action for rescission or damages by a purchaser resident in Nova Scotia later than 120 days after the date on which the initial payment was made for the securities; b) no person will be liable if it proves
Slide 37: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) d) in an action for damages, the defendant will not be liable for all or any portion of the damages that it proves do not represent the depreciation in value of the securities as a result of the misrepresentation relied upon; and e) in no case shall the amount
Alpha Exploration — Investor Presentation (October 2021) on 6ix