Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (August 2024)
36 slides from Ridgeline Minerals's investor presentation, Aug 22, 2024
Slide 1: Exploration Done Differently
1 Exploration Done Differently August 22, 2024 Corporate Deck TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0
Slide 2: Disclaimer
2 CAUTIONARY STATEMENT Disclaimer Forward Looking Statements Qualified Persons. Michael Harp, CPG., Vice President, Exploration, is the Qualified Person as defined by National Instrument 43-101 and has reviewed Statements contained in this presentation that are not historical facts are “forward-look
Slide 3: Ridgeline Minerals
3 ABOUT US Ridgeline Minerals Ridgeline is a US focused precious and base metal explorer with a portfolio of five highly prospective exploration projects in Nevada including three earn-in agreements (US $60M) between Nevada Gold Mines & South32 WORLD-CLASS $20M SOUTH32 $40M NEVADA GOLD LOCATIONS EAR
Slide 4: Management Team
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 4 Management Team Chad Peters B.Sc., P.Geo Mike Harp M.Sc., CPG Duane Lo CPA (CA) President, CEO & Director Vice President, Exploration CFO & Director ▪ Led multi-million-ounce high-grade CSD ▪ Led multi-million-ounce North Dark Star ▪ 20+ years of international
Slide 5: Capital Structure
MANAGMENT ALIGNED WITH SHAREHOLDERS 5 Capital Structure As at July 1, 2024 7.8% Management 109.7M Large Shareholders o Chad Peters – 3.3% Non-Diluted I/O o Stephens Investment Mgmt. o Rick Rule Cash ~ C$1.4M 5.0M 1.2M 26.9M o Merk Investments Options RSU/DSU Warrants o Extract Capital o EMX Royalty
Slide 6: Hybrid Explorer
BUSINESS MODEL 6 Hybrid Explorer 4 3 Add Value With Discovery Reduce Risk With Partnerships 2 MONETIZE 1 DE-RISK 4 Monetize asset via sale DISCOVER . os m 3 Maiden resource 4 -2 12 EXPLORE Selena -$20M +20% “free-carry” 2 Discoveries advanced Swift - $30M +25% “free-carry” Black Ridge - $10M +25% “f
Slide 7: Partner-Funded Leverage to Discovery
BUSINESS MODEL 7 Partner-Funded Leverage to Discovery 30,000,000 RDG Invested Capital vs. Partner Funded Capital +552% leverage on every RDG $ spent $30M + 25% RDG Non- 25,000,000 Dilutive Stake 20,000,000 $20M + 20% RDG Non- 15,000,000 Dilutive Stake 10,000,000 $10M + 25% RDG Non- 5,000,000 Dilutiv
Slide 8: Why a Minority Joint Venture Interest Matters
BUSINESS MODEL 8 Why a Minority Joint Venture Interest Matters ▪ There are many past examples of minority interests in major discoveries yielding outsized returns for investors ▪ Ridgelines earn-in deals with South32 and NGM have the potential for similar trajectories if a discovery is made Source:
Slide 9: 5 Projects
Twin Creeks Midas BLACK RIDGE Turquoise Ridge BELL CREEK Carlin-Type Au 9 Carlin-Type Au South Arturo $10M Earn-In Wells Pinson CORE LAND POSITIONS Winnemucca Meikle Goldstrike Leeville-Turf Lone Tree Carlin Elko Mike 5 Projects Marigold Battle Mountain Gold Quarry Carlin BIG BLUE Porphyry Cu-Au 195
Slide 10: Selena
10 PARTNER PROJECTS Selena Optioned – South32 39 km2 Land Package Carbonate Replacement Deposit Ag-Pb-Zn-Au ± Cu-W Click Here SOUTH32 EARN-IN HIGH-GRADE THE OPPORTUNITY 2024 OBJECTIVES US $20M earn-in agreement Chinchilla Zone Define a large open-pit and • Complete MT geophysics survey signed with S
Slide 11: South32 Earn-In
11 SELENA South32 Earn-In ▪ Partnering with South32 at Selena secures the necessary funding for deep drilling (1,000+ meters) at the high- priority Chinchilla Sulfide CRD target ▪ Deal structure provides Ridgeline with a 40% to 20% stake in Selena dependent on Phase I & Phase II milestones ▪ RDG “fu
Slide 12: Discovery Potential
12 SELENA Selena Discovery Potential CRD Discovery - Nevada Hilltop CRD Discovery - Nevada Selena (RDG – South32 Earn-In) Hermosa-Taylor OPEN 3.7km + Strike CRD Deposit - Arizona Discovery Holes (2021-2022 (2)) 6.1m @ 480 g/t Ag, 6.4% Zn, 12.0% Pb, 0.1 g/t Au – SE22-045 Cinco De Mayo 4.6m @ 421.0 g/
Slide 13: Selena CRD Checklist
13 SELENA Selena CRD Checklist Features Common to all Known Large CRD Deposits Location – Main Street CRD/Porphyry belt Location – Top of carbonate section (room to grow) Ag (+400 g/t), Au-Zn-Pb-Cu ± Mn-As-W… Multiple mineralization and alteration stages Large-scale zoning Presence of felsite dikes
Slide 14: District-Scale Property
14 Bald Mountain Mine SELENA (Kinross) District-Scale Property ▪ 39km² contiguous land package in the historic Limousine Butte mining district in FCX - JV Nevada FCX - JV FCX - JV ▪ Shared boundary with the Butte Valley Butte Valley Porphyry, a US $33M Freeport – McMoRan (Freeport–McMoRan – Falcon B
Slide 15: Porphyry Zonation
15 SELENA Selena Deposit Zonation Porphyry Zonation Chinchilla Multiple deposit types across 5 target areas Oxide Ag-Pb-Zn-Au 5 Highlight Drill Intercepts By Target 2 Broken Egg 1 3.0m @ 40.2 g/t Ag, 7.0% Pb-Zn, 3.0 g/t Au - SE22-037 1 Oxide Au 3 Chinchilla Juniper 6.1m @ 480.0 g/t Ag, 18.4% Pb-Zn,
Slide 16: Chinchilla Long Section A-A'
16 SELENA Chinchilla Long Section A-A’ ▪ Chinchilla zone exhibits both open-pit and underground potential over 3.7+ km of drilled strike that outcrops at surface Historical Butte Valley Drill Intercepts Broken Egg Oxide Au BV-14: 36.5m @ 0.2% Cu, 0.1 g/t Au, 0.5g/t Ag,(6) Chinchilla Sulfide Chinchil
Slide 17: Chinchilla Long Section A-A' – 3D Mag Inversion
17 SELENA Chinchilla Long Section A-A’ – 3D Mag Inversion ▪ Strong magnetic highs at the Skarn and Chinchilla Sulfide targets represent a priority exploration target ▪ 2024 MT Survey (funded by South32) will be conducted over the Chinchilla Sulfide to target to refine deep drill targets Historical B
Slide 18: Chinchilla Sulfide Target vs Taylor Sulfide Deposit
18 SELENA Chinchilla Sulfide Target vs Taylor Sulfide Deposit ▪ The Chinchilla Sulfide Target exhibits similar scale potential and proximity to a porphyry source as the Taylor Sulfide Deposit (South32 comparison is for illustrative purposes only) with hole SE22-037 & 038 highlighting discovery poten
Slide 19: Swift
19 PARTNER PROJECTS Swift Optioned - Nevada Gold Mines 75 km2 Land Package Carlin- Type Au-Ag Click Here NGM EARN-IN LOCATION THE OPPORTUNITY 2024 OBJECTIVE US $30M earn-in agreement signed District-scale land package on NGM targeting a 5+ Moz high- $3.0M NGM exploration budget with NGM (09-22-2021
Slide 20: Nevada Gold Mines Earn-In
20 SWIFT Nevada Gold Mines Earn-In ▪ Partnering with NGM at Swift eliminates the high exploration risk and cost associated with deep drilling ▪ Deal structure provides Ridgeline with exposure to Swift across all levels of project development with zero corporate dilution ▪ NGM aggressively exploring
Slide 21: Discovery Potential
21 SWIFT Swift Project ($30M RDG-NGM JV) 75km² Discovery Potential Target Elder Creek PWC Project ($20M RLYG –Kinross JV) ▪ First 4 NGM framework holes (2021-2022) at Swift Greystone Clipper Robertson hit significant gold intercepts including: Pipeline ▪ 51.1m @ 0.19 g/t Au, Incl: 1.5m @ 1.51 g/t Au
Slide 22: Schematic Long Section A-A'
22 SWIFT Schematic Long Section A-A’ ▪ US $7.2M spent by NGM at Swift to-date with a US $3.0 drilling budget approved for 2024 – Q2-Q4 drilling (4-5 holes) A 9.1m @ 0.51g/t Au SWIFT - RDG NGM A’ SW23-005 3.0m @ 2.27 g/t Au 48.8m @ 0.45 g/t Au Incl: 18.3m @ 0.64 g/t Au SW20-003 3.4m @ 1.92 g/t Au Inc
Slide 23: Black Ridge
23 PARTNER PROJECTS Black Ridge Optioned - Nevada Gold Mines 19.5 km2 Carlin Trend Land Package Carlin- Type Au-Ag Click Here NGM EARN-IN STRATEGIC LOCATION THE OPPORTUNITY 2024 OBJECTIVE US $10M earn-in agreement NGM budget of US $200k to ~4km down-strike of the Leeville Significant discovery poten
Slide 24: Nevada Gold Mines Earn-In
24 BLACK RIDGE Nevada Gold Mines Earn-In ▪ Deal structure provides Ridgeline with exposure to Black Ridge from discovery to project development with zero corporate dilution ▪ Second Ridgeline deal with NGM totaling US$40M in potential total expenditures across Black Ridge and Swift projects To view
Slide 25: Strategic Location
25 REN BLACK RIDGE 1.6Moz @ 6.6 g/t Au(9) Coyote (NGM) (100% RDG) Strategic Location Bell Creek (100% RDG) Black Ridge (NGM Earn-in) ▪ On-strike of NGM’s maiden inferred resource at Fallon (previously North Leeville) of 1.0 Moz. Au @ 11.3 g/t (9) Highlight Fallon Drill Intercepts Carlin Mine N 19 km
Slide 26: Leeville Schematic Long Section
26 BLACK RIDGE Leeville Schematic Long Section ▪ Nevada Gold Mines to spend US$200k on systematic field mapping, soil sampling and target generation in 2024 to support a maiden drill program in 2025 ▪ CE21-003 intersected unaltered Rodeo Creek Formation (a host at the Fallon discovery and Leeville -
Slide 27: Big Blue
27 PIPELINE PROJECTS Big Blue 41 km2 Land Package Porphyry & CRD Cu-Au-Ag ± Pb-Zn 100% OWNED HIGH-GRADE THE OPPORTUNITY 2024 OBJECTIVE 50km² land package covers past Delker Mine produced 94,434 pounds Cu Potential to discover porphyry/skarn • H2 – Geophysical survey (IP) producing Delker and Skarn H
Slide 28: Historic Cu District
Delker Mine Trench 1 Produced 94k lbs. Cu @ 6.2% 0.6m @ 15.5% Cu, 0.2 g/t Ag, 0.1% Co 1916-1917(14) Within 0.4% Cu, 2.4m @ 4.6% Cu, 0.5 g/t Ag, 0.06% Co 28 9.6 g/t Au, 0.3 g/t Ag (quartz vein) BIG BLUE 10.8% Cu, 0.1 g/t Au, 4.5 g/t Ag (Test Pit Sample) Delker Historic Cu District Mine 6.4% Cu, 0.2 g
Slide 29: Porphyry Zonation
Delker Mine Trench 1 Produced 94k lbs. Cu @ 6.2% 0.6m @ 15.5% Cu, 0.2 g/t Ag, 0.1% Co 1916-1917(14) 0.4% Cu, Within 29 9.6 g/t Au, 2.4m @ 4.6% Cu, 0.5 g/t Ag, 0.06% Co 0.3 g/t Ag (quartz vein) BIG BLUE Porphyry & Skarn Delker Cu-Au ± Ag-Co Porphyry Zonation Mine 10.8% Cu 5.8% Cu 6.4% Cu 5.5% Cu ▪ Po
Slide 30: Two Porphyry Centers
Trench 1 0.6m @ 15.5% Cu, 0.2 g/t Ag, 0.1% Co 30 Within 2.4m @ 4.6% Cu, 0.5 g/t Ag, 0.06% Co BIG BLUE Outcropping Jurassic Porphyry 0.4% Cu, 9.6 g/t Au, 0.3 g/t Ag Two Porphyry Centers (qtz. vein) 0.3% Cu, 0.1 g/t Au, 0.2 g/t Ag Delker (qtz. vein) 10.8% Cu, Mine 0.1 g/t Au, ▪ Airborne magnetics data
Slide 31: Big Blue X-Section A-A'
31 BIG BLUE Big Blue X-Section A-A’ ▪ Magnetics inversion highlights untested Mag “high” down-dip of historical Delker Mine (porphyry/skarn target?) ▪ IP Survey planned for Q3, 2024 to refine porphyry Cu targets at depth A Delker Mine A’ Stratigraphy Produced 94k lbs. Cu @ 6.2% 1916-1917(14) Alluviu
Slide 32: NOI Exploration Permit
Notice of Intent permit will be amended after completion of IP survey to permit additional drill pad 32 locations to the west to cover both porphyry targets BIG BLUE Outcropping Jurassic Porphyry 0.4% Cu, NOI Exploration Permit 9.6 g/t Au, 0.3 g/t Ag (quartz vein) Delker Mine ▪ Big Blue is permitted
Slide 33: Cu Skarn Rock Chips
33 BIG BLUE Cu Skarn Rock Chips ▪ Historical mining at the Delker Mine targeted enriched oxide Cu skarn within 5 meters of the surface ▪ Historic operators did not explore under alluvial cover to target the potential porphyry Cu-Au source Sample #11 – 15.5% Cu Big Blue Cu Skarn Chrysocolla Chrysocol
Slide 34: 2024 Exploration Strategy
DIVERSIFIED PROJECT PIPELINE 34 2024 Exploration Strategy 100% OWNED- PORPHYRY CU Big Blue – Past Cu producer, RDG targeting porphyry Cu & CRD discoveries under shallow cover PARTNER PROJECTS Selena - $20M NGM earn-in Complete IP geophysics surveys to refine Porphyry & Skarn targets Swift - $30M NGM
Slide 35: President & CEO / Investor Relations
35 PRESIDENT & CEO INVESTOR RELATIONS Chad Peters, P.Geo David Jan 775-304-9773 604-828-2255 cpeters@ridgelineminerals.com info@ridgelineminerals.com Icon Logo Description automatically generated Description automatically generated ridgelineminerals.com TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0 ridgelin
Slide 36: Directors & Advisors
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 36 Directors & Advisors Chad Peters, President, CEO & Director Duane Lo, CFO & Director 15 years of exploration and production experience. Co-founded 20+ years International accounting and financial management Ridgeline in 2018, former exploration manager for Pr
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