Fireweed Metals Corp. · TSXV:FWZ
Fireweed Metals — Investor Presentation (October 2024)
38 slides from Fireweed Metals's investor presentation, October 2024
Slide 1: Defining a Multi-Generational Metals District
TSX-V: FWZ | OTCQX: FWEDF | FSE: M0G DEFINING A MULTI-GENERATIONAL METALS DISTRICT Proud member of the Corporate Presentation – October 2024
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Forward-Looking Statements This presentation contains “forward-looking” statements and information relating to the Company, Macpass and Mactung Projects that are based on the beliefs of Company management, as well assumptions made by and information currently available to Compa
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Macpass 2024 Mineral Resource Estimate (“MRE”): Fireweed more than doubled overall resource tonnage and tripled contained ZnEq1 metal in Indicated Resources, firmly positioning Macpass among the world's largest undeveloped primary zinc districts2 Critical Metals District in the
Slide 4: Fireweed Capital Structure
FIREWEED CAPITAL STRUCTURE Strong support from Strategic Shareholders Shares Outstanding 179,408,904 Shares Issuable Under Stock Option Plan 14,717,200 Lundin Trust 18.8% Performance Shares 3,100,000 Agents Warrants 44,785 Larry Childress Investor Warrants 0 12.5% Other 52.9% Fully Diluted 197,270,8
Slide 5: Leadership
LEADERSHIP Paul Harbidge Peter Hemstead Chairman Director and Interim President & CEO ▪ Faraday Copper Corp.- President, CEO and Director ▪ Bluestone Resources Ltd. - CEO ▪ GT Gold – President and CEO, $456M exit ▪ Capstone Mining Corp. – Senior Executive ▪ Goldcorp Inc. – Senior Vice President of E
Slide 6: Project Locations & Existing Infrastructure
PROJECT LOCATIONS & EXISTING INFRASTRUCTURE N Macpass District Gayna (Zn-Pb-Ag) Project Macpass (Zn-Pb-Ag) & Mactung (W) Projects Early-stage project with a geologic setting and (~977 km2 land package) mineralization in-line with high-grade reef-style Macpass: multiple large-scale sediment deposits
Slide 7: Regional Geology
REGIONAL GEOLOGY Macpass is Located at the Heart of a Fastly Developing Natural Resource Hub Dublin Alaska Northwest Gulch Tom Territories bst Keno one Valley Be Hill lt Mactung Sel wy n King Tut Macpass B Faro as Howard’s Pass i n Yukon Ross River N Cantung Major Zn-Pb-Ag Deposit Whitehorse Major W
Slide 8: Primed for Success
PRIMED FOR SUCCESS Partnering With District Builders, Leveraging Advanced Scientific Practices and Thinking BIG: the Building Blocks for Fireweed’s Future Success Property Transformational Investments Acquisition of 2024 Macpass Setting the Stage Consolidation Discovery from District Mactung Resourc
Slide 9: Creating a District
CREATING A DISTRICT With Potential for further Discoveries, We Believe We Have Only Scratched the Surface Looking northwest TSX-V: FWZ | FireweedMetals.com 9
Slide 10: Macpass Project Overview
Macpass Project Overview We respectfully acknowledge that the Macpass Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun. 10 TSX-V: FWZ | FireweedMetals.com 10
Slide 11: Macpass: One of the World's Largest Undeveloped Zinc Districts
MACPASS: ONE OF THE WORLD’S LARGEST UNDEVELOPED ZINC DISTRICTS ▪ Updated resource highlights meaningful growth potential of 940 km2 land package that hosts multiple zinc-lead-silver deposits 2024 Mineral Resource Highlights ✓ The 2024 Resource update firmly establishes Macpass as one of the world’s
Slide 12: Robust Technical Process
ROBUST TECHNICAL PROCESS Fireweed’s 2024 Mineral Resource Estimate represents the culmination of a rigorous technical process, delivering a robust and defensible estimate Enhanced ✓ Comprehensive Drilling Data: Derived from 124,632 m of drilling (including Geological 82,321 meters pre-2018 and 42,31
Slide 13: Macpass 2024 MRE
MACPASS 2024 MRE Category Deposit Tonnage Grade Contained Metal ZnEq 1 Zn Pb Ag Zn Pb Ag (Mt) (%) (%) (%) (g/t) (M lbs) (M lbs) (M oz) Tom 17.52 9.90% 6.30% 3.34% 33.0 2,435 1,291 18.56 Jason 3.80 9.09% 7.62% 1.86% 1.7 638 156 nn Indicated End Zone 0.34 16.15% 3.81% 12.32% 86.2 29 93 0.95 Boundary 3
Slide 14: 2024 Macpass Deposit Geology
2024 MACPASS DEPOSIT GEOLOGY Early-stage Mineralization - Two Step Genetic Model ▪ Stratiform, Sediment-Hosted Zn-Pb-Ag Deposits: The Tom, Jason, End Zone, and Boundary Zone deposits are examples of 1 clastic-dominated (CD) sediment-hosted massive sulphide deposits 1 ▪ Mineralization Model Reinterpr
Slide 15: Boundary Zone
BOUNDARY ZONE Looking North Open Pit Extent NB19-002: 230 m of 4.51% Zn from surface, including 100 m of 8.73% Zn, with 6.4m of 43.5% Zn NB20-002: 213 m of 4.42% Zn, including 25.58% Zn over 5.81 m NB21-002: 32.99 m of 9.91% Zn and 10,42 m of 23.77% Zn NB22-002: 124.5 m of 12.3% Zn, 1.3% Pb, 45.9 g/
Slide 16: Tom
TOM Holes TS23-009, TS23-009D1 and TS23-009D2 intersected the new Tom South zone. There is substantial potential in this zone beyond what was intersected — up and down dip, as well as along strike potentially connecting Tom West and Tom Southeast Tom East Tom Southeast Tom West Underground Tom East
Slide 17: Jason
JASON Step-out intercepts at Jason South to drive resource expansion at Jason. Jason Main Underground Open Pit Block Model ZnEq% Jason South HIGH GRADE Underground JS23-001D1 intersected 25.57 m grading 3.75% Zn. 2.50% Pb, and 30.7 g/t Ag, including 16.97 m grading 4.18% Zn, 2.98% Pb, and 2023 drill
Slide 18: 2024 Macpass Resource Sensitivity
2024 MACPASS RESOURCE SENSITIVITY Global MRE Sensitivity – Key Takeaways ✓ All deposits exhibit very similar sensitivities on a global ✓ Resource maintains economic scale even when ‘pressure basis tested’ at +80% cut-off ✓ All deposits demonstrate resilience to elevated cut-off ✓ Potentially mineabl
Slide 19: Macpass Relative Positioning
MACPASS RELATIVE POSITIONING Select Zinc-primary Development Assets - Ranked by Contained Metal (Mt ZnEq ; % ZnEq)* Macpass 2024 Mineral Resource Ranks Within the Top Development Assets Globally, Global Resource - Contained Metal (Mt ZnEq)1 Representing One of The World’s Largest Undeveloped Zinc As
Slide 20: District Potential
DISTRICT POTENTIAL Genetic Model and Geophysical Anomalies in the Macpass District Suggest the Potential for Further Discoveries ▪ Structural and Stratigraphic Control: The Tom, Jason, End Zone, and Boundary Zone deposits are located along structurally and stratigraphically controlled feeder-fault s
Slide 21: 2024 Exploration Program
2024 EXPLORATION PROGRAM ▪ 14,000 m drilling ▪ District-wide greenfield exploration to generate new targets (Zn-Pb-Ag-Au) − 8,000 m step outs at Boundary, Tom, and Jason − Gravity surveying − Areal surveys for LiDAR and − 6,000 m at new greenfield targets VTEM − Soil sampling − First assays expected
Slide 22: Mactung Project Overview
Mactung Project Overview We respectfully acknowledge that the Mactung Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun, and the Sahtu Settlement Area. TSX-V: FWZ | FireweedMetals.com 22
Slide 23: The World's Largest High-Grade Tungsten Deposit
THE WORLD’S LARGEST HIGH-GRADE TUNGSTEN DEPOSIT Mactung Highlights ✓ Host to a large tungsten deposit within a 37 km2 area, 100% owned by Fireweed ✓ Adjacent to Macpass, and access via the North Canol Road and the Macmillan Pass aerodrome ✓ Extensive drilling, engineering, metallurgy, geotechnical
Slide 24: Mactung Stands Out
MACTUNG STANDS OUT Mactung is an outlier in the tungsten space, with both significant scale and outstanding grade Mactung 2023 Resource Estimate WO3 Grade Contained Category Tonnage (Mt) (%) WO3 (mtu)* Indicated (underground) 12.17 1.05% 12,789,000 Indicated (open pit) 29.32 0.59% 17,367,000 Total I
Slide 25: Gayna Project Overview
Gayna Project Overview We respectfully acknowledge that the Gayna Project is located within Settlement Areas of Sahtu and Gwich’in, and the Traditional Territory of First Nation of Na-Cho Nyäk Dun. TSX-V: FWZ | FireweedMetals.com 25
Slide 26: Exploration Potential for Zinc, Germanium, Gallium, Lead, and Silver
EXPLORATION POTENTIAL FOR ZINC, GERMANIUM, GALLIUM, LEAD, AND SILVER ▪ Located 180 km north of Macpass, in the Mackenzie Mountains, NWT ▪ Gayna's geological setting and mineralization are similar to that of a reef-style deposit, like Ivanhoe's high-grade Kipushi mine in DRC ▪ High-grade rock samples
Slide 27: Blueprint for Value Creation
BLUEPRINT FOR VALUE CREATION MD FIREWEED METALS MACPASS DISTRICT ▪ With a best-in-class team ▪ Macpass: Comprehensive drilling (14,000 m) and regional exploration and strong backers, programs expected to drive a catalyst-rich Q3 and Q4 2024, serving as a Fireweed is poised to platform for further po
Slide 28: Thank you!
Thank you! Please visit us online at fireweedmetals.com and follow for updates. Fireweed Metals Corp. Head Office Suite 2800, Four Bentall Centre TSX-V: FWZ +1 (604) 689-7842 1055 Dunsmuir Street OTCQX: FWEDF info@fireweedmetals.com PO Box 49225 Vancouver, BC V7X 1L2 FSE: M0G 28
Slide 29: Appendix
Appendix 29 TSX-V: FWZ | FireweedMetals.com 29
Slide 30: About Fireweed Metals
ABOUT FIREWEED METALS Fireweed is a Canadian company with the mission to explore and develop critical mineral assets through progressive leadership, high standards, innovation, and collaborative partnerships for the benefit of present and future generations. OUR VISION Fireweed Metals will sustainab
Slide 31: Our Values
OUR VALUES INTEGRITY Honesty, Transparency, Accountability RESPECT PARTNERSHIPS For stakeholders Progressive, Environmental Stewardship, Social Stewardship, Value Creation For Indigenous partners For shareholders PEOPLE Inclusivity, Collaboration, Health & Safety TSX-V: FWZ | FireweedMetals.com 31
Slide 32: Sustainability Approach
SUSTAINABILITY APPROACH • Implement robust practices informed by the aspirations and interests of Indigenous peoples • Be environmentally and socially responsible • Seek the free, prior and informed consent of Indigenous peoples TSX-V: FWZ | FireweedMetals.com 32
Slide 33: Leveraging Cutting Edge Technologies
LEVERAGING CUTTING EDGE TECHNOLOGIES ▪ Automated core cutting to improve speed, efficiency, and reduce job hazard and fatigue ▪ Automated core scanning to improve data capture for future interpretation and validation ▪ Directional drilling techniques to improve drilling efficiency and accuracy 33
Slide 34: Commodity Fundamentals
COMMODITY FUNDAMENTALS MP Zinc's unique properties make it an essential metal for everyday life. Zinc plays a crucial role in: ▪ Renewable Energy ▪ Healthcare ▪ Transportation ▪ Infrastructure ▪ Food Security ▪ Industrial Applications GP ▪ Energy Storage ▪ Electronics Tungsten is an extremely versat
Slide 35: Why Zinc?
WHY ZINC? TSX-V: FWZ | FireweedMetals.com 35
Slide 36: Why Tungsten?
WHY TUNGSTEN? TSX-V: FWZ | FireweedMetals.com 36
Slide 37: Why Mactung?
WHY MACTUNG? Defence 8% Energy 6% Medical / Pharmaceutical 1% Consumer CRITICAL METAL Durables 9% Transport 26% The U.S., Canada and the EU have designated tungsten a critical metal. It has extreme physical characteristics necessary for many industries. Chemical / CHINA MARKET DOMINATION Petrochemic
Slide 38: Resource Footnotes
RESOURCE FOOTNOTES • All mineral resources have been estimated in accordance with CIM definitions, as required under NI 43-101. • Data for this mineral resource estimate has been independently reviewed and validated by a third-party consultancy, SLR Consulting (Canada) Ltd. • Pierre Landry P.Geo. of
Fireweed Metals — Investor Presentation (October 2024) on 6ix