Perseverance Metals, Inc. · TSXV:PMI
Perseverance Metals — Investor Presentation (September 2024)
28 slides from Perseverance Metals's investor presentation, September 2024
Slide 1: Pioneering a Best In Class North American Critical Minerals Exploration Company
Pioneering a Best In Class North American Critical Minerals Exploration Company September 2024 PerseveranceMetals.com
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation contains “forward-looking information” (also referred to herein as “forward-looking statements”) under the provisions of applicable Canadian securities legislation regarding Perseverance Metals Inc. (“Perseverance” or the “Company”). Generally, these forward-l
Slide 3: A Purpose-Built, High-Grade Nickel Explorer
Perseverance Metals: A Purpose-Built, High-Grade Nickel Explorer Nickel is a strategic metal that is core to critical minerals independence strategies in Canada and the United States Best-in class Management, Board and technical advisory team specifically formed to discover high grade Ni-Cu-Co-PGM d
Slide 4: Capital Structure
Capital Structure Institutions December 2022 acquisition of the Lac Gayot Project option Corporates 18% 40% Teck: 9.9%1 August 2023 acquisition of the Voyageur Project option Osisko Dev: 9.9%2 Altius: 10%2 November 2023 C$2.8m private placement at $0.80; Bitterroot: 10%2 Teck Resources acquires 9.9%
Slide 5: Leadership Team
* Founder Leadership Team Experienced, innovative, and agile team of nickel sulphide exploration specialists paired with deep mining capital markets Michael Tucker* Michael Gray* John Foulkes* expertise CEO & Director Chairman & Director President Sudbury Basin (Quadra FNX) Jericho & Gahcho Kué (Dia
Slide 6: Advisory Board
Advisory Board Best-in-class global nickel experts and orefinders with skillsets encompassing Gordon Morrison Dr. Catharine Farrow Sue Craig Technical Advisor Technical Advisor Government & Community Relations greenfield exploration 40-year career in nickel leading Inco and FNX Expert on exploration
Slide 7: Understanding Critical Mass
Understanding Critical Mass 10.0% • Achieving critical mass size and grade are vital to Flying Fox achieve production Eagle Raglan /acquisition US$1,150/t1 US$886/t2 Kambalda Nova Bollinger Kabanga Cosmos Thompson • We exclusively pursue high 2.0% Perseverance tenor / high grade nickel Eagle's Nest
Slide 8: Our Projects
Our Projects Ongoing strategy to identify, evaluate and acquire additional highly prospective potential Tier-I critical mineral assets LAC GAYOT VOYAGEUR ARMIT LAKE Option to acquire 100% ownership Option to acquire 100% ownership 100% owned consolidated land Hudson in cornerstone US critical minera
Slide 9: Lac Gayot 2024 Results
Key Takeaway #1: New nickel zone identified at Nasique showing with 1st hole drilled Lac Gayot 2024 Results • 1st nickel sulphide at Lac Gayot in the massive upper volcanic sequence (Kambalda- style geological environment): proof of geological concept • Opens up +20km prospective geological package
Slide 10: Lac Gayot, Quebec
Lac Gayot, Quebec Flagship High-Grade Nickel Project
Slide 11: Lac Gayot Location and Access
Lac Gayot Nunavik Raglan Location and Access Located 85 km north of the Trans Taiga all- Atlantic Ocean season road in the Caniapiscau reservoir area of the James Bay Region, Quebec Hudson District scale Bay 19,865 ha (~200 km2) covering the entirety Voisey’s Bay of the 20 km long Archean Venus Gree
Slide 12: Lac Gayot Venus Greenstone Belt
Lac Gayot Venus Greenstone Belt Wide open potential • ~20 km long belt of ultramafic intrusions, dykes, sills and extensive volcanic sequences • 12 high-grade surface showings (>3.0% Ni) distributed throughout the belt, in all levels of stratigraphy • Potential for shallow and deep expansion of know
Slide 13: Lac Gayot Exploration History
Lac Gayot Exploration History Total of 121 holes drilled (18,176m) since the Lac Gayot discovery, 106 by major mining companies. All searching for a large, near-surface massive sulphide body, focusing on original surface showings 1999 Virginia Gold – Original Lac Gayot nickel discoveries, all surfac
Slide 14: Lac Gayot Venus Greenstone Belt Area
Lac Gayot Venus Footwall Sequence Greenstone Belt Area 03 De Champlain Wide open potential L • Ni-Cu-PGE Mineralization is found in all stratigraphic facies Lower Sequence on the property Baseline • Style of mineralization varies depending on the depositional setting within the greenstone Nasique be
Slide 15: Lac Gayot Geological Model
Lac Gayot Venus Greenstone Iron Formation Belt Geological Upper Volcanic Sequence Model Komatiitic Flows and channels Mineralization across all stratigraphic facies The general architecture of the Venus greenstone belt is Sulphide rich exhalite remarkably well preserved Felsic volcaniclastics and se
Slide 16: Lac Gayot Exploration Plans
Lac Gayot Exploration Plans • 5,000 metres of drilling on high priority targets • Follow up on targets indicated by newly completed HeliTEM2 survey • Additional Moving loop SQUID ground EM over high priority areas • Borehole EM on newly completed and historic holes • Additional prospecting, surface
Slide 17: Lac Gayot Gayot-to-Railhead
Lac Gayot Gayot-to-Railhead 1. Schefferville (existing) ~285 km ESE via new direct road, or Lac Gayot ~100 km S via new direct road to 1 Caniapiscau then ~250 km on TTR extension (LGA Phase 3) to Schefferville railhead 2 Other options: 3 2. Radisson (LGA Phase 2) ~100 km S via new direct road to Cou
Slide 18: Voyageur, Michigan
Voyageur, Michigan Eagle/Tamarack style Ni-Cu-PGM target
Slide 19: Voyageur Project Summary
Voyageur Project Summary • Underlain by the Animikie/Baraga groups – the same geological assemblages which host the high-grade (~5.5% NiEq) Eagle mine 65 km east • Numerous Ni-Cu-PGM bearing mafic- ultramafic intrusions discovered within and near the boundaries of the project – Haystack, Echo Lake,
Slide 20: Voyageur Geological Setting
Voyageur Geological Setting • Property is on the northern peninsula of Michigan state within the Mid- Continent Rift area • Underexplored region has a high nickel endowment (Eagle, Tamarack, Duluth) due to the 1.1 Ga Keweenawan Mid- Continent Rift (MCR) event • Prolonged, high-volume igneous activit
Slide 21: Voyageur Regional Geology and Known Ultramafic Intrusions
Voyageur Regional Geology + Known Ultramafic Intrusions Haystack Intrusions Multiple nickel-bearing M-UM intrusions drilled by Bitterroot and Rio Tinto with grades up to 0.16% nickel and 0.49% copper Echo Lake Intrusion 15 km long PGM-Ni-bearing layered M-UM intrusion (1111 Ma) - 5.4m of 1 g/t PGM w
Slide 22: Voyageur Exploration Update
Voyageur Exploration Update • Compilation, reprocessing and analysis of the existing magnetic, VTEM and ground EM data complete. • Reprocessing of data with a focus on Eagle-type targets: ie reversely polarized magnetic bodies associated with early-stage intrusions - completed. • Focused ground grav
Slide 23: Armit Lake, Ontario
Armit Lake, Ontario High Grade Ontario Nickel Project
Slide 24: Armit Lake Location and Access
Armit Lake Location and Access • Located ~25 km northwest of the town of Savant Lake, NW Ontario and 150 km NE of city of Dryden • Paved highways within 10 km of property and extensive unpaved road network • Consolidated, contiguous land position covering the entirety of the WNW arm of the Savant La
Slide 25: Armit Lake Exploration Work
Armit Lake Exploration Work Benton Resources 2006-2007 Trenching of DC Creek nickel discovery, up to 4.17% Ni in follow-up grab samples. Ground magnetics, HLEM, IP, and 660 soil Holes 8 + 9: only 2 samples completed holes targeting nickel 2008 13 holes into combined HLEM / MAG targets with only 2 ho
Slide 26: Armit Lake Exploration Update
Armit Lake Exploration Update Summer 2024 program goal: Define targets for 2025 drilling • Compilation, reprocessing and evaluation of historical geophysical and drilling data to verify and identify deficiencies – complete • Airborne Xcalibur HeliTEM2 survey at 50m line-spacing over the entirety of
Slide 27: Perseverance Timeline
Perseverance Timeline LOOKING AHEAD – EXPECTED MILESTONES Complete inaugural field Closed $2.8M Financing; program at Lac Gayot Acquisition of Lac Gayot Teck Resources acquires 9.9% Voyageur 2025 drill program September 2024 December 2022 November 2023 1Q25 Acquisition of Voyageur Closed $1.8M Finan
Slide 28: Perseverance Metals
Perseverance Metals info@perseverancemetals.com (604) 614-2999 www.perseverancemetals.com #405 – 375 Water Street Vancouver, British Columbia, V6B 5C6
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