Max Resource Corp · TSXV:MAX

Max Resource — Investor Presentation (February 2022)

31 slides from Max Resource's investor presentation, Feb 1, 2022

  1. Slide 1: Strategic Metals and Gold Explorer

    STRATEGIC METALS AND GOLD EXPLORER COPPER, SILVER, & GOLD COLOMBIA & PERU OTC: MXROF FRANKFURT: M1D2 February 1, 2022 www.maxresource.com

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation (the “Presentation”) has been prepared solely for information purposes in connection with the contemplated issue of shares in “MXR” or the “Company”) and is being furnished by MXR to a limited number of parties (the “Recipients”) who have a potential interest in subscrib

  3. Slide 3: Colombia Ranked #1

    Colombia Ranked #1 Source: Fraser Institute Annual Survey of Mining Companies 2020 Page 9 3 | TSXV: MXR

  4. Slide 4: Capital Structure

    CAPITAL STRUCTURE Basic Shares Out 97,604,099 Warrants Exercise Expiry Options Exercise Expiry Options 5,075,000 537,500 $0.10 May 1, 2022 1,550,000 $0.15 Jan 3, 2025 Warrants 2,075,000 895,833 $0.45 Jan 17, 2023 2,450,000 $0.21 Aug 24, 2025 Market Cap $25m 641,667 $0.72 Feb 6, 2023 1,000,000 $0.40

  5. Slide 5: Investment Highlights

    INVESTMENT HIGHLIGHTS CESAR Copper-Silver in NE Colombia: the last frontier for copper, lies along the northern portion of the world’s largest producing copper belt (Andean belt) ➢ Located within a prolific mining district with world class infrastructure and nearby global majors (Glencore and Chevro

  6. Slide 6: Management & Industry Team

    MANAGEMENT & INDUSTRY TEAM Brett Matich Piotr Lutynski Dr. Chris Grainger CEO & President Head Exploration Colombian Expert M.Eng Aff.M.Asce M.Sc, & P.Eng PHD, P.Geo • CEO of ASX, TSX.V, AIM • 35 years South America and Poland • 20 years expertise in South America • Aztec Resources $300M Merger • Ku

  7. Slide 7: ESG Credentials

    ESG CREDENTIALS Colombian team Health ✓ 1 female and 3 male Social and environment ✓ 5 female and 1 male Administration ✓ 3 female and 1 male Logistics ✓ 3 female Field assistants ✓ 18 male Geologists ✓ 4 female and 3 male ESG programs ✓ Project awareness ✓ Communications protocol ✓ Environmental st

  8. Slide 8: Colombia Ranked #1: Majors in Colombia

    Colombia Ranked #1 MAJORS IN COLOMBIA Source: Fraser Institute Annual Survey of Mining Companies 2020 Page 9

  9. Slide 9: CESAR – World Class Mining Infrastructure

    CESAR – World Class Mining Infrastructure Cerrejón coal mine (Glencore) 9 | TSXV: MXR

  10. Slide 10: La Quinta Formation and the Cesar Basin

    LA QUINTA FORMATION AND THE CESAR BASIN 10 | TSXV: MXR

  11. Slide 11: Cesar Basin Simplified Jurassic-Triassic Stratigraphy and Deposit Types

    CESAR BASIN “Simplified Jurassic-Triassic Stratigraphy and Deposit Types” 11 | TSXV: MXR

  12. Slide 12: Exploring the Last Frontier for Copper

    EXPLORING THE LAST FRONTIER FOR COPPER “Max is exploring a new basin-scale 90-kilometre-long copper-silver zone in Colombia” “Goal in 2022 is to demonstrate the world class potential of three copper discoveries” Uru discovery (2021) ➢ “African belt-type” copper system, 30-km south of Conejo ➢ Approv

  13. Slide 13: Uru Discovery (April 2021)

    URU DISCOVERY (April 2021) Located 40-km south of Conejo, includes five contiguous Mining Concessions covering 70-km² The Uru zone lies along a major structural corridor, analogous to the Central African Copper Belt, location of Ivanhoe Mines Ltd (TSX: IVN) 95-billion-pound Kamoa- Kakula discovery C

  14. Slide 14: Uru Video: Mild climate and topography

    URU Video: Mild climate and topography Source: Fraser Institute Annual Survey of Mining Companies 2020 Page 9 Click image above to view video (PDF version only) 14 | TSXV: MXR

  15. Slide 15: Uru Video: Copper mineralization

    URU Video: Copper mineralization, predominantly primary chalcocite (80% copper by wt.) Source: Fraser Institute Annual Survey of Mining Companies 2020 Page 9 Click image above to view video (PDF version only) 15 | TSXV: MXR

  16. Slide 16: Uru: Second New Drill Target

    URU: SECOND NEW DRILL TARGET (Feb 1, 2022) Geological field crews identified a second new Uru drill target, located 2-km south of the previous target Of the 45 channel and composite samples released today, 38 of 45 were sampled over 10.0 to 25.0-metres, all returned copper values over 1.0% spread ov

  17. Slide 17: Uru: 2022 Exploration and Drilling

    URU: 2022 exploration and drilling ➢ Environmental baseline survey underway ➢ 290-km² LiDAR survey and field work to assist drill target prioritization ➢ Permitting, initiate the first ever copper drill program in the CESAR basin 17 | TSXV: MXR

  18. Slide 18: Uru: Man-portable rig & video of hillside mineralization

    URU: Plan to use man-portable rig & video of hillside mineralization Click image above to view video (PDF version only) 18 | TSXV: MXR

  19. Slide 19: Cesar Basin: Historic Oil & Gas Drill Core

    CESAR BASIN: Historic oil & gas drill core Confirms the mineralized copper horizon continues at depth 19 | TSXV: MXR

  20. Slide 20: Conejo Discovery (March 2021)

    CONEJO DISCOVERY (March 2021) ➢ High-grade, extends for over 3.7-km of strike averaging 4.9% copper (2% cutoff), and open in all directions ➢ 13 rock samples returned over 8.0% copper; 53 over 5.0% copper; 93 2.0% copper; 36 returned over 20 g/t silver ➢ Next Steps: delineate drill targets, environm

  21. Slide 21: Conejo: High-grade mineralization

    CONEJO: High-grade mineralization 21 | TSXV: MXR

  22. Slide 22: Conejo Video: Extensive outcropping mineralization

    CONEJO Video: Extensive outcropping mineralization Source: Fraser Institute Annual Survey of Mining Companies 2020 Page 9 Click image above to view video (PDF version only) 22 | TSXV: MXR

  23. Slide 23: Conejo 3D Model

    CONEJO 3D MODEL (Looking SE) Rock copper_ppm Rock silver_ppm 5,000 to 13,000 >15 2,000 to 5,000 5 to 15 1,000 to 2,000 1 to 5

  24. Slide 24: AM Copper-Silver Discovery (2020)

    AM COPPER-SILVER DISCOVERY (2020) ➢ Located on the northern portion of the CESAR 90-kilometre-long copper-silver belt ➢ The AM Mining Concessions encompass 100-km² of “Kupferschiefer-style” sub-horizontal copper-silver ➢ 34% copper and 305 g/t silver highlights, intervals range from 0.5 to 10-metres

  25. Slide 25: AM: Continuous along hillside and valleys

    AM: Continuous along hillside and valleys (Cu-Copper and Ag–Silver) 25 | TSXV: MXR

  26. Slide 26: RT Gold in Peru

    RT GOLD IN PERU RT Gold is located within a world class gold/copper belt, 760-km NW of Lima, Peru (100% earn-in) CERRO, a bulk tonnage primary gold-bearing porphyry, and 3-km to the NW TABLON, a high-grade gold-bearing massive sulfide 26 | TSXV: MXR

  27. Slide 27: RT Gold: Cerro Zone

    RT GOLD: Cerro Zone (multi m/oz target) Cerro ZONE: high-grade primary gold porphyry ✓ 2.0-km by 1.5-km gold rich zone, open in all directions ✓ Values range 0.1 to 4.0 g/t gold ✓ 0.1 to 62.9 g/t gold structures ✓ 3.3 g/t gold over 25.5m continuous channel ✓ Strong IP response is coincident to gold

  28. Slide 28: RT Gold: Tablon Zone

    RT GOLD: Tablon Zone Highlights: ✓ 18.8 g/t gold over 16-metres from 35-metres ✓ 13.0 g/t gold over 3-metres from 33-metre ✓ 8.8 g/t gold over 25-metres from 13-metres ✓ 7.0 g/t gold over 6-metres from 0-metres ✓ 5.3 g/t gold over 17-metres from 12-metres ✓ 5.0 g/t gold over 9-metres from 2-metres ✓

  29. Slide 29: RT Gold: Historic Diamond Drilling (2011)

    RT GOLD: Historic Diamond Drilling (2011) Gold g/t F. UTM E UTM N Elevation Azimuth Dip Length DDH Number From (m) To (m) Length Assay DDH Number DATUM Garmin 12 Garmin 12 North is Horizontal is Measured RT-1 13.50 15.00 1.50 1.16 PSAD 56 GPS Data GPS Data 360° 0° From collar and 24.00 25.50 1.50 4.

  30. Slide 30: Why Invest in Max?

    WHY INVEST IN MAX? ➢ Well-funded yet upside unrecognized, a mispriced story with market cap of $25m ✓ CESAR lies along the Colombian portion of the world’s largest producing copper belt (Andean Belt) ✓ Located on a prolific mining district with world class infrastructure and the presence of global m

  31. Slide 31: Contact

    Rahim Lakha, Strategic Advisor Email: rahim@bluesailcapital.com Tim McNulty, Communications Cell: (+1) 604 290 8100 Email: info@maxresource.com OTC: MXROF FRANKFURT: M1D2 www.maxresource.com 1188 – 1095 West Pender Street, Vancouver, BC, V6E 2M6, Canada 31 | TSXV: MXR

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