Solaris Resources Inc · TSX:SLS
Solaris Resources — Investor Presentation (November 2020)
31 slides from Solaris Resources's investor presentation, November 2020
Slide 1: Copper, Gold Growth and Discovery in the Americas
Copper, Gold Growth and Discovery in the Americas Corporate Presentation November 2020 World’s Greatest Explorer – Assembled Portfolio, Designed Programs, Our Discoveries Honor His Legacy
Slide 2: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements This presentation does not constitute an offering of securities and the information contained herein is subject to the information contained in the Company's continuous disclosure documents. All amounts expressed in Canadian $ unless otherwise stipulated. Fo
Slide 3: Project Portfolio | Multiple-Times Growth and Discovery Potential
Project Portfolio | Multiple-Times Growth and Discovery Potential Solaris is responsibly and sustainably advancing a portfolio of copper and gold projects in the La Verde Americas: Focused on Flagship Warintza, Ecuador – High grade open pit resource within 5 km trend of outcropping copper porphyry;
Slide 4: Capital Structure
Capital Structure Share Distribution TSX Venture Exchange SLS Other 5% Equinox Gold Common Shares Outstanding 88.4M Spin-Out 29% 25% Stock Options 6.3M EQX-linked Warrants¹ 4.5M / $26M Lowell 2% Solaris Warrants 34.0M Beaty 5% Richard Warke 23% Mgmt 5% Restricted Share Units 0.6M Lundin 6% Fully Dil
Slide 5: Leadership | Track Record of Success
Leadership | Track Record of Success Board & Management Richard Warke, Executive Chairman Federico Velasquez, VP Operations Donald Taylor, Director Arizona Mining, Equinox Gold, Equinox Gold, Anglo American, Alta Gas Arizona Mining, BHP Minerals, Bear Creek Augusta Resource, Ventana Gold Chad Wolaha
Slide 6: David Lowell | World's Greatest Explorer (1928-2020)
David Lowell | World’s Greatest Explorer (1928-2020) Warintza, 2000 Mirador, 2001 Lowell Discoveries Major Mines Pierina, 1996 Antamina Toromocho, 2005 Exposed Deposits (60-80s) Alteration systems visible from air, e.g., Bajo Alumbrera, San Cristobal David Lowell made more discoveries of greater Cer
Slide 7: Part of The Augusta Group | Unrivaled Track Record of Value Creation
Part of The Augusta Group | Unrivaled Track Record of Value Creation Canada-based management group, focused on mining sector Highly-specialized in exploration and development stage projects Unrivaled track record of creating value, with over $4.5B in exit transactions Past Returns Sold for $1.6B in
Slide 8: Part of The Augusta Group | Proven Results
Part of The Augusta Group | Proven Results 8
Slide 9: Responsible Mining | Environmental, Social and Governance
Responsible Mining | Environmental, Social and Governance Environment We focus on limiting our environmental impacts by: • Responsible use of resources • Minimal impact to environment • Reducing waste • Identify, analyze and manage our environmental risks We act in a socially responsible manner and
Slide 10: Responsible Mining | Our Story, Our Model
Responsible Mining | Our Story, Our Model The Warintza Success Story World class discovery by David Lowell in 2000, sat largely dormant since 2001 due to a breakdown in social acceptance from local communities Extensive dialogue led to understanding root causes of conflict, resolution of underlying
Slide 11: Responsible Mining | Inclusive Approach
Responsible Mining | Inclusive Approach Maximizing community involvement key to strong and resilient alliance Innovative approach: commitment to transparency, education and inclusion Government and community understanding of impacts and benefits of project Community involvement at each step, enhance
Slide 12: Warintza Project | World Class Project, Southeast Ecuador
Warintza Project | World Class Project, Southeast Ecuador Warintza Wide Open for Growth and Discovery 26,777 hectare property, 40 km north of Mirador Cu-Au mine (US$1.4B / 20 Mtpa), Adjacent to San Carlos & Panantza (1.1 Bt combined) Excellent infrastructure: highway access with road into site (Octo
Slide 13: Warintza Project | Drilling Extends Warintza Central
Warintza Project | Drilling Extends Warintza Central Warintza 1st Drill Program Ongoing 40 km drill program underway with two rigs currently and third arriving imminently All three holes returned consistent, high grade intervals starting from surface Interpretation: ‘outer halo’ of porphyry system,
Slide 14: Warintza Project | Drilling Extends Warintza Central
Warintza Project | Drilling Extends Warintza Central 14
Slide 15: Warintza Project | Extensive System of Outcropping Porphyries
Warintza Project| Extensive System of Outcropping Porphyries • 81m at 1.1% Cu in channel • Cu soils ~790 ppm • Mo soils ~64 ppm • Cu soils ~625 ppm • Mo soils ~61 ppm Scale Reference: San Carlos-Panantza (1.1 Bt combined) Open laterally - Mo anomalies define porphyry centres Cu soils ~683 ppm
Slide 16: Warintza Project | Large-Scale, Undrilled Gold Anomalies
Warintza Project| Large-Scale, Undrilled Gold Anomalies Undrilled Gold Potential Three large-scale, undrilled gold anomalies from surface sampling (Maiki & Caya) Pitting at Caya has uncovered gold stockwork zone Historical placer mining activity on gold shedding off Caya into drainages 1. Corriente
Slide 17: Upcoming News | News Anticipated in 2020
Upcoming News | News Anticipated in 2020 Drilling results from Warintza Central for rapid resource growth; discovery potential along 5 km outcropping porphyry trend Discovery potential at Warintza gold targets Advancing Tamarugo in Chile toward drilling; Capricho and Paco Orco in Peru drill-ready ne
Slide 18: Joint Ventures
SOLARIS RESOURCES an augustagroup company Joint Ventures
Slide 19: Tamarugo Project | Discovery Potential in Chilean Copper Belt
Tamarugo Project| Discovery Potential in Chilean Copper Belt Discovery potential in the same geologic area that hosts Chile’s largest copper porphyry deposits Solaris can earn up to a 75% interest in Tamarugo for gross expenditures of US$5.5M / 5-yrs from Freeport 5,100 hectare property in a mineral
Slide 20: Capricho and Paco Orco | Discovery Potential via JV in Peru
Capricho and Paco Orco| Discovery Potential via JV in Peru Capricho Solaris option to earn up to 75% 4,600 hectare property, 60 km SE of Las Bambas, Haquira Outcropping porphyry exposed >300 m during recent landslip Samples from this outcrop grade up to 3% Cu Community consultation ongoing Paco Orco
Slide 21: Ricardo Project | Discovery Potential via JV in Chile
Ricardo Project| Discovery Potential via JV in Chile Discovery potential on the same structure as one of Chile’s largest copper mines, Chuquicamata Exposure to US$4.2M of exploration spending over two years as part of US$130M / 5-yr farm-out of 80% to Freeport-McMoRan 16,000 hectares in the most pro
Slide 22: La Verde Project | Leverage via Development-Stage JV in Mexico
La Verde Project| Leverage via Development-Stage JV in Mexico Development stage project with excellent infrastructure, provides leverage to higher copper prices 60% ownership with Teck Resources holding 40% Positive PEA economics with >US$617M NPV at US$2.70 copper (100% basis)¹ Paved road access to
Slide 23: Appendix
SOLARIS RESOURCES an augustagroup company Appendix
Slide 24: Copper Deposit Discovery Rate Remains Dismal
Copper Deposit Discovery Rate Remains Dismal 18 2010: Muji, 2011: Cobre Panama, Timok, Cerro Negro, etc. 16 2012: Copa Sur 2013: Cascabel, Onto, Calingiri, West Musgrave 2014: Kamoa-Kakula, La Huifa, Jebel Ohier 14 2015: - 2016: Marimaca 2017: - Number of Discoveries 12 2018: - 2019: - 10 8 6 4 Only
Slide 25: Copper in Major Discoveries and Copper Exploration Budget
Less than 1 Mt Discovered since 2015 Copper in reserves, resources & past production Projected new copper in major discoveries ¹ Copper exploraton budgets 120 5,000 2010: Muji, 2011: Cobre Panama, Timok, Cerro Negro, etc. 2012: Copa Sur 4,500 2013: Cascabel, Onto, Calingiri, West Musgrave Copper exp
Slide 26: Copper Supply Cliff; Discoveries Needed Today
Copper Supply Cliff; Discoveries Needed Today 26 Demand Available from base case mines 6.0 Mt of new Probable Brownfield Contribution >100 24 Minelife Extension Contribution Mined copper demand production capability Major 22 needed from = New Million dry metric tonnes greenfield Mines 20 projects 18
Slide 27: Copper is a Strategic Focus for Majors
Copper is a Strategic Focus for Majors ‘We need to secure more options in copper… through exploration and early stage entry in early-stage resources in Canada, Mexico and Ecuador’ - BHP Group CEO, Mike Henry ‘Copper is our preference. A bit like BHP, we’d love a Tier 1, large-scale and low-cost asse
Slide 28: Warintza | Among Highest Grade Quartile Among OP Mines
Warintza| Among Highest Grade Quartile Among OP Mines 16.0 Escondida, (33.9Mt @ 0.46%Cu) 14.0 12.0 Copper Reserves & Resources (Mt) 10.0 Growth 8.0 Potential? 6.0 Sentinel Filo del Sol 4.0 Cobre Panama Constancia Zafranal Mirador 2.0 Warintza Santa Domingo 33 holes, 124Mt @ 0.56% Cu Marimaca 0.0 0.0
Slide 29: Warintza | Rapid Value Creation in Exploration Stage
Warintza| Rapid Value Creation in Exploration Stage $2,500 SOLG SLS LASSONDE CURVE Rapid Value Creation Phase $2,000 October 2020 SolGold – Alpala (85%) Market Capitalization (C$M) C$1.4B Market Cap January 2018 M&I: 2.66 Bt @ 0.53% CuEq; SolGold – Alpala (85%) Inf: 0.54 Bt @ 0.31% CuEq³ C$1.2B Mark
Slide 30: Resource Estimates
Resource Estimates Warintza In-pit Mineral Resources Resource Tonnes CuEq Cu Copper Mo Mo Au Au (%) (%) (M lbs) (%) (M lbs) (g/t) (oz) Inferred 123,760,200 0.70 0.56 1,516 0.03 77.5 0.06 238,600 The Warintza Mineral Resource estimate was reported in the “Resource Estimate Of The Warintza Central Cu-
Slide 31: Copper, Gold Growth and Discovery in the Americas
Copper, Gold Growth and Discovery in the Americas Investor Relations: +1 416-366-5678 x.203 info@solarisresources.com
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