Bonterra Resources, Inc. · TSXV:BTR
Bonterra Resources — Investor Presentation (March 2022)
33 slides from Bonterra Resources's investor presentation, March 2022
Slide 1: Developing Québec's Next Gold Camp
Developing Québec’s NEXT GOLD CAMP Exploration and Development in the Urban-Barry Camp March TSX-V BTR |2022 OTCQX BONXF | FSE 9BR2 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains "forward-looking information" within the meaning of Canadian securities legislation. Any information herein with respect to predictions, expectations, projections, objectives, assumptions or future events that are not historical facts may be "for
Slide 3: Executive Summary
Executive Summary Over 3 million ounces of total gold resources across all categories 1 Only operating mill in the Urban-Barry Camp of Québec, Canada Underexplored camp with close to 10 million ounces discovered to date Valuation Drivers are in Valuation Discount Catalysts Motion Unwarranted Updat
Slide 4: CEO's Track Record
CEO’s Track Record ► Marc-Andre Pelletier joins with a strong track record as COO at Wesdome, where he led a team that increased production by ~110% driving a ~420% equity return from 2017 to 2021 Strong Returns to Shareholders Wesdome outperformed by ~420% from Wesdome GDXJ October 2017 to October
Slide 5: Location in the Abitibi Greenstone Belt
Location in the Abitibi Greenstone Belt ►Young and emerging camp, comparable to Val-d’Or 80 years ago, with activity ramping up Fenelon TSX-V BTR | OTCQX BONXF | FSE 9BR2 5
Slide 6: Strategic Land Position and Infrastructure
Strategic Land Position and Infrastructure ►Only operating mill in underexplored camp with close to 10 million ounces discovered to date N Bachelor Mill / Tailings BACHELOR PROPERTY 15,550 ha Desmaraisville Bachelor / Moroy Project M&I 160Koz Au @ 5.58 g/t Au* Inferred 104Koz Au @ 5.31 g/t Au* * Com
Slide 7: Significant Existing Infrastructure
Significant Existing Infrastructure ► Fully operational 800 tpd mill on hydroelectric grid power being permitted for expansion up to 2,400 tpd and an additional 8 million tonnes of tailings capacity ► Certified assay lab (~6,000 assays/month), three camps, two main roads and several core shacks Bach
Slide 8: Timeline
Timeline ► Four drill rigs turning at ~6,000 m/month to expand deposits and make new discoveries ► Technical review of MREs, permits and development timelines by new CEO ongoing ► Transition to infill drilling planned for H2 2022 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Resource Expansion Drilling – Gladia
Slide 9: Capital Structure
Capital Structure Enterprise value per resource Strong shareholders ounce of ~US$37 1 Capital Structure C$ Wexford 19.9% Issued & Outstanding Shares 111.31M Mmcap 8.5% Options 9.50M (Weighted average exercise price of C$1.38) Kirkland Lake 8.2% Warrants None Fidelity 5.4% Fully Diluted 120.81M Ruffe
Slide 10: High Level Geology
HIGH LEVEL GEOLOGY TSX-V BTR | OTCQX BONXF | FSE 9BR2 10
Slide 11: Drill Rig Locations
Drill Rig Locations ►Four rigs drilling ~6,000 m/month focused on expanding the known zones of mineralization and look for new discoveries Drill Rig Location TSX-V BTR | OTCQX BONXF | FSE 9BR2 11
Slide 12: Regional Structures are Thought to be Key
Regional Structures are Thought to be Key ► Urban-Barry cross-regional corridors of structural decompression ► Regional structures are associated with deposits but also point to areas that need to be tested Panache Windfall Moss Quesnel Gladiator Barry TSX-V BTR | OTCQX BONXF | FSE 9BR2 12
Slide 13: Gladiator Project
GLADIATOR PROJECT TSX-V BTR | OTCQX BONXF | FSE 9BR2 13
Slide 14: Gladiator – Oblique View Looking West
Gladiator – Oblique View Looking West ►Exploration potential at depth and along strike TSX-V BTR | OTCQX BONXF | FSE 9BR2 14
Slide 15: Gladiator – Resource Expansion
Gladiator – Resource Expansion TSX-V BTR | OTCQX BONXF | FSE 9BR2 15
Slide 16: Gladiator – Regional Targets
Gladiator – Regional Targets ►Airborne magnetics illustrate the potential of regional targets along strike ►Management plans on testing regional targets to follow up on historic results ►Other nodes of decompression within the corridor to be tested (similar to Gladiator) M&I 391,000 oz Au @ 8.61 g/t
Slide 17: Gladiator vs. Windfall Drilling Comparison
Gladiator vs. Windfall Drilling Comparison ► Drilling at Gladiator is only a fraction of what has been carried out at Windfall Bonterra Osisko Resources 1 Mining 2 Asset Gladiator Windfall Resource as of date Jun 2021 Jan 2022 Number of holes drilled* # 486 4,536 Drilling* metres 228,204 1,722,097 M
Slide 18: Barry Project
BARRY PROJECT TSX-V BTR | OTCQX BONXF | FSE 9BR2 18
Slide 19: Barry – Plan View
Barry – Plan View ►Exploration potential at depth and along strike ►Located within the same structural corridor southwest of the Windfall Lake Project TSX-V BTR | OTCQX BONXF | FSE 9BR2 19
Slide 20: Barry – Resource Expansion
Barry – Resource Expansion ►Encouraging drill results at eastern target area from ongoing drilling campaign 1 1. See press release dated October 5, 2021 for detailed drill results. TSX-V BTR | OTCQX BONXF | FSE 9BR2 20
Slide 21: Barry – Regional Targets
Barry – Regional Targets ►Mag survey revealed several sizable targets that are being tested Barry North TSX-V BTR | OTCQX BONXF | FSE 9BR2 21
Slide 22: Bachelor / Moroy Project
BACHELOR / MOROY PROJECT TSX-V BTR | OTCQX BONXF | FSE 9BR2 22
Slide 23: Bachelor / Moroy – Long Section
Bachelor / Moroy – Long Section ► Located near the Bachelor Mill, drilling is focused on expanding known shear zones and targeting the intersection of several regional structures Recent Bulk Sample TSX-V BTR | OTCQX BONXF | FSE 9BR2 23
Slide 24: Bachelor / Moroy – MAG / TMI
Bachelor / Moroy – MAG / TMI ► Various target areas identified TSX-V BTR | OTCQX BONXF | FSE 9BR2 24
Slide 25: Bachelor / Moroy – Regional Targets
Bachelor / Moroy – Regional Targets ► Magnetic survey shows several regional targets that will be followed up on ► Regional target proximity to the mill results in lower risk exploration strategy TSX-V BTR | OTCQX BONXF | FSE 9BR2 25
Slide 26: Presentation Summary
Presentation Summary New CEO with a Successful Track Record of • Marc-Andre Pelletier was most recently the COO at Wesdome Gold Mines Ltd. where he was Building and Operating Gold Mines in the instrumental in the re-start of the Kiena Mine and contributed to the increase of production at the Abitibi
Slide 27: Thank You!
Thank You! www.btrgold.com 27
Slide 28: Appendix – Bachelor Mill Expansion
Appendix – Bachelor Mill Expansion ► Mill permitting process underway with COMEX 1 permit expected by the end of 2022 with provincial permits to follow ► Opportunity to expand mill capacity to 2,400 tpd (from the current 800 tpd) and increase tailings capacity by 8 million tonnes Project Scope: • Re
Slide 29: Appendix – M&A Landscape
Appendix – M&A Landscape ►Not many high-grade single mine/project companies left in Canada ►Most have been acquired at premium valuations Source: Company reports and market data. Bonterra Claude Pure Gold Osisko Mining Wesdome Great Bear Pretium Battle North Barkerville Integra Gold Richmont Resourc
Slide 30: Appendix – Summary of Assets
Appendix – Summary of Assets Overview Key Opportunities • 391 koz Au grading 8.61 g/t (Ind.) / 989 koz Au grading 7.37 g/t (Inf.) • Advanced exploration project • Deposit open down-plunge below 600-800 m • Road access to Bachelor Mill level Gladiator • Mineral resource estimate has increased by >300
Slide 31: Appendix – Management and Board
Appendix – Management and Board Marc-Andre Pelletier Cesar Gonzalez Johnny Oliveira President, CEO & Director Executive Chairman & Director Chief Financial Officer Mr. Pelletier is a professional mining engineer with over 25 years of Mr. Gonzalez co-founded and serves as the CEO and Mr. Oliveira has
Slide 32: Appendix – Mineral Resources
Appendix – Mineral Resources NI 43-101 Mineral Resource Estimate - June 2021 (see notes on last page) Tonnage Grade Contained Metal Category (000 t) (g/t Au) (000 oz Au) Gladiator Underground Measured - - - Indicated 1,413 8.61 391 Measured + Indicated 1,413 8.61 391 Inferred 4,174 7.37 989 Barry Op
Slide 33: Appendix – Mineral Resources Notes
Appendix – 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
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