Fulcrum Metals Plc · LSE:FMET
Fulcrum Metals — Investor Presentation (June 2024)
34 slides from Fulcrum Metals's investor presentation, June 2024
Slide 1: Corporate Presentation Summer 2024
AIM: FMET Corporate Presentation Summer 2024 FulcrumMetalsplc Driving sustainable mining change through disruptive technology innovation Fulcrummetals.com
Slide 2: Disclaimer
Disclaimer Disclaimer If a reader of this presentation is in any doubt as to what action it should take, it is recommended to seek its own advice from its stockbroker, bank manager, solicitor, accountant, fund manager or other The name “Company” refers to Fulcrum Metals PLC and its advisers includin
Slide 3: Not just an exploration company
Not just an exploration company…… “ transforming mine waste into sustainable resources and ecological assets through innovative technology, whilst capitalising on existing exploration assets. ” Kirkland Lake Tailings hub project non- SUSTAINABLE MINING & compliant estimate of +200k gold ounces(1) TE
Slide 4: Fulcrum Milestones of growth
Fulcrum Milestones of growth Ontario Gold Exploration projects Big Bear and Tully Teck-Hughes advanced and drill ready outstanding initial leaching Teck-Hughes results with Tailings Division testing and Teck-Hughes Extrakt Initial projects & technology partner established, LOI for sale study samplin
Slide 5: Board, Management, Advisors & Partners
Board, Management, Advisors & Partners Broad corporate & technical experience to drive growth & value Ryan Mee Alan Mooney Aidan O’Hara John Hamilton Mitchell Smith Chief Executive Independent Corporate Development Chief Financial Non-Executive Officer Non-Executive Director Officer Director Directo
Slide 6: Board, Management, Advisors & Partners
Board, Management, Advisors & Partners Broad corporate & technical experience to drive growth & value Advisors Partners Jason Brewer Technology partner Strategic Advisor with Major EPC and Technology Lab partners Mining Engineer and Director of ASX and AIM listed mining companies Extrakt Process Sol
Slide 7: Sustainable Mining & Technology Opportunity
Sustainable Mining & Technology Opportunity 7
Slide 8: Developing a sustainable circular mining economy
Fulcrum Metals Developing a sustainable circular mining economy A significant opportunity to Transform mine tailings into a sustainable resource by extracting precious minerals from mine waste by using innovative technology to:- ✓ Regenerate nature and local environments ✓ Rebuild local economies wi
Slide 9: Tailings & Mine Waste: The problem & opportunity
Tailings & Mine Waste The problem & opportunity What are they A lower risk opportunity ✓ Presence of precious metals is well documented from ▪ A mine produces waste which is held in Tailing Ponds historic mine production at surface level ✓ Opportunity to extract precious metals without the capital ▪
Slide 10: Using technology to make it happen
Using technology to make it happen Extrakt’s transformative technology ▪ It is all in the Chemistry! Requires no specialised equipment ▪ Extensive R&D investment with constant improvements and adaptations ▪ Novel simpler solid-liquid separation technology (TNSTM) ▪ Effective leaching recovers metals
Slide 11: Extrakt's transformative technology
Using technology to make it happen Extrakt’s transformative technology Extrakt’s technology works ✓ Extrakt Process Solutions signed a global commercialisation alliance with Bechtel a multi-billion-dollar annual revenue company in February 2024(1). Faisal Mohmand, President of Bechtel said at the ti
Slide 12: How Fulcrum harness opportunity
How Fulcrum harness opportunity First mover advantage in Canada Partner Frameworks Exclusivity discussions & phased testing Extrakt has partnered with Bechtel(1) on the global ✓ Phased testing and study programs agreed with Extrakt commercialisation of Extrakts’ technology. This provides and TDI on
Slide 13: Fulcrum's sustainable mining technology model
Fulcrum’s sustainable mining technology model How it works Transformative Extrakt technology Market penetration Exclusive licensing of Extrakt’s ESG friendly Key access point to Canada with gold tailings and reprocessing Technology proposed Extrakt Technology Testing in Ontario under discussion Labo
Slide 14: Canada's Tailings & Mine Waste
Canada’s Tailings & Mine Waste Just how big is the opportunity? Canada is the 4th largest gold 220 tonnes of $5.4 billion of Ontario produced 41% of Canada’s producer globally1 gold annually annual gold gold production2 a source of new production tailings supply $10 billion Established Fulcrum estab
Slide 15: Ontario Tailings
Ontario Tailings Gold projects 15
Slide 16: Kirkland Lake Gold Tailing Project
Kirkland Lake Gold Tailing Project Establishing Fulcrum Tailings sites and risk ➢ Fulcrum’s projects are located in Kirkland Lake district, which is less than 90km from Timmins Timmins ➢ Combined >90Moz of historic gold production across these towns ➢ Significant number of tailings and mine waste Fu
Slide 17: Kirkland Lake Gold Tailing Project
Legend Kirkland Lake Gold Tailing Project Turning waste in to a near term cash generative opportunity • Historic estimate total 10.7m tonnes for 205k ounces of contained gold (subject to verification). • Tailings areas are less than 3km apart, possible Historic estimate calculations of ‘hub’ synergi
Slide 18: Teck-Hughes program
Kirkland Lake Gold Tailing Project Teck-Hughes program Phase 1 Summary of gold grade analysis Phased development program on Teck Hughes tailings with Extrakt & Bechtel, with Historic estimated 6,531,300 tonnes at 0.66g/ton Au for 138,460 ounces contained Au(2). Site 2023 average Location average g/t
Slide 19: Turning waste into a near term cash generative opportunity
Kirkland Lake Gold Tailing Project Turning waste into a near term cash generative opportunity The Fulcrum phased programs underway are designed to achieve feasibility level studies providing technical, engineering, flow sheet data and project economics. • 5.5m tonnes at 0.84g/t gold, 2.1g/t silver W
Slide 20: Ontario Exploration
Ontario Exploration Gold and base metals 20
Slide 21: Projects on significant mineral belts
Ontario Projects on significant mineral belts Fulcrum Metals Hemlo-Schreiber Ontario Carib Creek >20Moz gold produced Canada Marathon Waroona Inset map Winston Lake Thunder Bay Timmins Copper-Zinc Palladium One Barrack Tyco project Hemlo Nickel-Copper Fulcrum Metals Gold Mine Schreiber- +21Moz Au Ti
Slide 22: Timmins Tully Gold: Open for expansion
Timmins Tully Gold Open for expansion Mafic to ultramafic metavolcanic rock Bradshaw Gold Drill hole 97-01 5.7 metres grading 322.02g/t Au Mine 1.2Moz Au - Mafic to intermediate metavolcanic rock from 215.7 metres including: - under development - 2,555.5g/t Au over 0.5 metres just 1.8km away Metased
Slide 23: Timmins Tully Gold: Proven strike length
Timmins Tully Gold Proven strike length open for expansion Property boundary o ‘Ladder-style’ stacked vein system o Resource constrained by drilling to 400m of 1,600m strike between depths of 200 to 400 metres o 2013 drilling by SGX showed extension and depth, reporting 9.01g/t Au over 6.7 metres, a
Slide 24: Timmins Tully Gold: Within prolific camp
Timmins Tully Gold Within Prolific Timmins-Porcupine gold camp > 70Moz Mine Vertical depth in Ounces of gold Years of Approximate metres produced & all production distance to Tully resources Gold project in km Hollinger Mine* +1,500m +19Moz +60 30km McIntyre* +2,000m +10.5Moz +75 25km Dome* +1,500m
Slide 25: Schreiber-Hemlo Project area
Schreiber-Hemlo Project area High grade gold project drill ready for discovery over an area 113km2 At Big Bear Fulcrum has established: - o High grade 3km+ gold corridor at Schreiber- Pyramid o Drill ready o Further targets o 5 additional high priority geophysical target areas 25
Slide 26: Schreiber-Hemlo Project – Big Bear
Schreiber-Hemlo Project – Big Bear Schreiber-Pyramid gold corridor drill ready for discovery o Multiple drill ready targets and drill prospects o Recent database (<3 years) of 37 rock samples over 1g/t Au upto 139g/t (2020) o Several anomalous soil anomalies with samples up to nearly 1g/t Au o Open
Slide 27: Non-core projects available for option, JV or disposal
Ontario Non-core projects available for option, Joint Venture, or disposal Tocheri Lake, Dayohessarah Carib Creek, Winston Lake Dog Lake, Wawa (VTEM) airborne geophysical Copper exploration target identified with Limited rock sampling programmes survey conducted over the historic rock samples of upt
Slide 28: Saskatchewan Exploration
Saskatchewan Exploration Uranium 28
Slide 29: Uranium Investment
Uranium Investment Saskatchewan, Northern Athabasca region Letter of intent signed with Terra Balcanica Resources (CSE:TERA) on a 4-year option for CA$3.3m in cash and shares, CA$3.25m in work Home to the largest and highest-grade expenditures and a 1% NSR to Fulcrum with a CA$1m buy back option to
Slide 30: Saskatchewan Uranium projects
Saskatchewan Uranium projects Charlot-Neely 16,372ha • Structure Black Bay Fault Fontaine Lake 5,987ha • Historic mines. 14 within 10km of the • Structure Grease River Fault Black Bay fault • Mineralisation upto 1.4% U308 • Mineralisation upto 6.2% U308 • Nearby significant earn-in • Nearby signific
Slide 31: In summary
In summary Laying the foundation for a material growth story through cash generative tailings with transformative technology and discovery potential hard rock gold projects Tailings Business Exploration Business ✓ Estimated 200k gold ounce* low discovery risk ✓ Drill-ready gold projects in Ontario K
Slide 32: Share Capital Structure as at 04/06/2024
Share Capital Structure as at 04/06/2024 AIM: FMET Warrants Fundamentals Issued Price Warrant shares Value if Shares in issue 49,960,943 converted Warrants outstanding 4,361,079 Feb 2023 – 2 year 17.5 3,501,726 £612,802 Market Cap at 15 pence £7.5m Aug 2023 – 3 year 18.5 263,513 £48,750 Feb 2023 – 3
Slide 33: ESG Principles
ESG Principles Environmental - Social - Governance o Supports local job creation and protecting the well- being of employees and local communities o Promotes HSE considerations in all planning and The company holds decision making sustainable and responsible exploration o Maintains open dialogue wit
Slide 34: Connect with us
Connect with us Contact us @Fulcrummetals info@fulcrummetals.com Office: 01527 911071 Fulcrummetals.com Mob: +44 (0)7540421208 Fulcrum Metals Plc Unit 58, Basepoint Business Centre, Isidore FulcrummetalsPLC Road, Bromsgrove Enterprise Park, B60 3ET, England Company number 14409193 Fulcrummetals