Bonterra Resources, Inc. · TSXV:BTR
Bonterra Resources — Investor Presentation (October 2024)
27 slides from Bonterra Resources's investor presentation, October 2024
Slide 1: Corporate Presentation October 2024
Corporate Presentation October 2024 Strategic Assets in Québec’s Next Gold Camp: Exceptional Value, High Potential TSX-V BTR OTCQX BONXF FSE 9BR2 BTRGOLD.COM 1
Slide 2: Forward Looking Statements
Forward Looking Statements In this presentation, forward-looking information pertains to, among other things: the goals for 2024 and Notes on Technical Information beyond, the earn-in and joint venture agreement with Osisko Mining announced on November 28, 2023; the acquisition of Osisko Mining by G
Slide 3: Corporate Snapshot
Corporate Snapshot Share Structure Top Shareholders Issued & Outstanding Shares 163.4M 2% TOP INSTITUTIONS & HNW Options 10.4M 20% (Weighted average exercise price of C$0.85) R. Vora Warrants 32.0M (Weighted average exercise price of C$0.31) 54% RSUs 0.8M 24% Fully Diluted Shares 206.6M KEY STRATEGI
Slide 4: Prolific Gold Producing Region
Prolific Gold Producing Region Canada is home to several prolific gold districts, yet none can rival the Abitibi Greenstone belt. The Golden Triangle, BC 1 The Red Lake District, ON 1 The Abitibi Greenstone Belt, QC-ON 1 > 5.5M ozs* > 30M ozs* > 200M ozs* Total gold content on > 300M ozs the belt, i
Slide 5: Young and Emerging Camp
Young and Emerging Camp The Urban-Barry Camp has only been explored since the early 2000s, comparable to Val-d’Or from 100 years ago. • Northeast portion of the Abitibi Greenstone Belt remains underexplored. 1960’s 1950’s >50M ozs • The Urban-Barry Camp, including the Phoenix JV, is the >10M ozs new
Slide 6: Location & Infrastructure
Location & Infrastructure Bachelor Mill Complex Desmaraisville • 250 km from Val-d'Or, the site is Bachelor Mill Complex Property 800 tpd mill 25,700 ha connected to all key infrastructure and benefits from hydroelectric power. • The only operational mill with tailings management area capacity in t
Slide 7: Validation by a Major Gold Miner
Validation by a Major Gold Miner • In August 2024, Gold Fields agreed to pay C$2.16B to acquire Osisko Mining and consolidate the 50-50 JV Windfall (Windfall Mining Group) the two formed in 2023. • Under the 2023 JV, Gold Fields was responsible for Gladiator Barry funding C$75M in regional explorati
Slide 8: JV with Gold Fields / Osisko Mining
JV with Gold Fields / Osisko Mining Phoenix JV JV Interest (%) Gold Fields / Osisko Mining have the ability to earn 70% Upfront Payment (Received) C$5M Exploration Expenditures (Ongoing) C$30M (over three years starting November 2023) Operator Gold Fields / Osisko Mining Meters Drilled Under the JV
Slide 9: Multiple Targets Being Tested
Multiple Targets Being Tested Gold Fields / Osisko Mining are undertaking a comprehensive Windfall regional exploration program on the Phoenix JV. 5 km • 60,000 m drilled in the first 7 months, Moss Duke exceeding the C$10M annual expenditure requirement. • 37,000 m drilled at Moss target, which is
Slide 10: High-Grade Discovery at Moss
High-Grade Discovery at Moss Promising targets have already been identified, including Moss, where Lynx-type mineralization has been discovered. Moss Target Lynx Zone 800m thickness 200m thickness 150N F-51 Lynx Mineralization Discovered at Moss Lynx Mineralization at Windfall • Grey quartz-pyrite v
Slide 11: Drilling at 100% Owned Properties
Drilling at 100% Owned Properties Bonterra has launched a regional exploration program at its 100% owned Desmaraisville Property. 3.9 g/t Au / 1.0m • Presence of two major regional deformation corridors, which host 5.83 g/t Au several past gold-producing mines. 0.8 g/t Au / 11.7m 8.23 g/t Au • Compi
Slide 12: Existing Infrastructure & Mill
Existing Infrastructure & Mill The Bachelor Mill Complex had over C$100M spent and is a key strategic asset for Bonterra and future mining operations in the camp. Bachelor Mill Complex Bachelor Mill Complex • 350,000 ozs of historical gold Barry Open Pit & Camp Gladiator Camp (Mill, Tailings, Assay
Slide 13: Cheap Ounces in a Safe Jurisdiction
Cheap Ounces in a Safe Jurisdiction Bonterra has never been cheaper to its peers. Comparable Peers EV / Resource (US$/oz AuEq) $43 $43 $39 Bonterra $36 EV/oz $25 $9* $19 $19 $18 $17 $15 $14 $13 $12 $12 $12 $11 $10 $8 (US$/oz AuEq) *Not adjusted for net JV interest. Source: Eight Capital, July 2024.
Slide 14: M&A Landscape
M&A Landscape Lack of high-grade single mine/project companies left in Canada. Most have been acquired at premium valuations. Bonterra Claude Osisko Mining2 Great Bear Pretium Battle North Barkerville Integra Gold Richmont Resources1 Resources Announced 2024 Acquired 2022 Acquired 2022 Acquired 2021
Slide 15: Strategic Land Package with Multi-Million Ounce Resource
Strategic Land Package with Multi-Million Ounce Resource in One of Canada’s Most Exciting Gold Camps Prolific Jurisdiction Active Exploration Validation by Major Proven Team Funded Exploration Quebec is a mining- 60,000 m drilled in the Gold Fields, the world’s Proven success in C$30M in exploration
Slide 16: Appendix
Appendix 16
Slide 17: Management & Directors
Management & Directors Senior Leadership Bonterra’s team has extensive experience across exploration, permitting, development, operations, project financing and capital markets. Read bios online. Marc-Andre Pelletier Pier-Elise Hebert Tremblay Cesar Gonzalez President, CEO & Director Chief Financial
Slide 18: Embracing Sustainability for a Better Tomorrow
Embracing Sustainability for a Better Tomorrow Our Approach to ESG Guided by our mission and core values, we are committed to creating lasting Economic Environmental Social socio-economic benefits for all We are committed to investing in We are committed to protecting We are committed to being a sta
Slide 19: Drilling Matters
Drilling Matters Osisko Mining has proven that the more you drill the more you Windfall Barry & Gladiator find in the Urban-Barry Camp. Year Ounces Meters Ounces Meters • Over 503,928 m has been drilled at both Barry and Gladiator 2007 0 0 147,900 26,380 to date. 2010 0 0 781,450 53,606 • Only 385,1
Slide 20: Abitibi Deposits Reveal Deep Expansion Potential
Abitibi Deposits Reveal Deep Expansion Potential Analogs of other gold deposits in the Abitibi Greenstone Belt demonstrate high potential for deep expansion at both Gladiatorand Barry. Gladiator Barry Windfall1 Red Lake Mines1 La Ronde Complex1 Macassa Mine1 Hist. Production: None Hist. Production
Slide 21: Deposit Overview: Bachelor-Moroy
Deposit Overview: Bachelor-Moroy The decision has been made to place Bachelor- Moroy on long-term care and maintenance. Selective drilling is planned at regional targets Historical Bachelor Mine outside the resource area. Moroy Deposit 2020 Bulk Sample Mineralized Zones Resource Summary: M1-Group M2
Slide 22: Deposit Overview: Barry
Deposit Overview: Barry Drilling has identified mineralization at depth, particularly to the southeast. Plan View MB-22-420 12.1 g/t Au over 6.1 m Incl. 73.5 g/t Au over 0.5 m D D MB-23-599 D Y Y K 5.0 g/t Au over 7.2 m Y K E E Incl. 23.0 g/t Au over 0.7 m K And Incl. 16.2 g/t Au over E Au g/t 0.6 m
Slide 23: Deposit Overview: Gladiator
Deposit Overview: Gladiator High potential for deep expansion. Plan View 4 km Coliseum Target Gladiator Deposit Titan Target BRS-17-11 23.2 g/t Au over 1.0 m CL-17-31 BA-18-116 5.6 g/t Au over 3.0 m 12.4 g/t Au over 5.3 m BA-21-53A 18.6 g/t Au over 0.5 m BA-21-60 28.1 g/t Au over 2.9 m, Resource Sum
Slide 24: Gladiator vs Windfall Drilling Comparison
Gladiator vs Windfall Drilling Comparison Drilling at Gladiator is only a Bonterra Resources 1 Osisko Mining 2 fraction of what has been carried out at Windfall. Gladiator Windfall Resource as of Jun 2021 Aug 2022 Number of holes drilled* 486 4,834 Drilling* meters 228,204 1,852,861 M&I Resource M o
Slide 25: Mineral Resource Estimates Summary
Mineral Resource Estimates Summary NI 43-101 MREs – June 2021 Category Tonnage (000 t) Grade (g/t Au) Contained Metal (000 ozs Au) (See notes on next page) Underground Measured - - - Gladiator Indicated 1,413 8.61 391 Measured + Indicated 1,413 8.61 391 Inferred 4,174 7.37 989 Open Pit Measured 1,73
Slide 26: Mineral Resources Notes
Mineral Resources Notes Model Parameters 1. CIM (2014) definitions were followed for Mineral Resources. 2. Bachelor and Moroy underground Mineral Resources are estimated at gold cut-off grades of 2.40 g/t or 3.0 g/t, domain dependent. Gladiator and Barry underground Mineral Resources are estimated a
Slide 27: Bonterra Resources Inc.
Corporate Presentation Bonterra Resources Inc. info@btrgold.com +1 (819) 825-8678 282872 Sullivan Road, Suite No. 2 Val-d’Or, QC J9P 0B9 Canada TSX-V BTR OTCQX BONXF FSE 9BR2 BTRGOLD.COM 27
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