Ngex Minerals Ltd. · TSX:NGEX
Ngex Minerals — Investor Presentation (September 2022)
23 slides from Ngex Minerals's investor presentation, September 2022
Slide 1: The Quest for High-Grade
The Quest for High-Grade A Lundin Group Company September 2022 NO GUTS NO GLORY TSXV: NGEX www.ngexminerals.com
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements made and information contained herein in the presentation constitutes “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward- looking inform
Slide 3: NGEx Minerals – No Guts No Glory
NGEX MINERALS – NO GUTS NO GLORY COMPANY PROFILE SHARE OWNERSHIP 2.50% South American Key Project – Los Helados (~68% interest) Advanced Current Indicated Resource* of: Exploration » 17.6 Billion lbs Copper » 10 million oz Gold 35.70% Company » 92 million oz Silver CAPITAL STRUCTURE 2022 CATALYSTS N
Slide 4: Background
BACKGROUND TSXV: NGEX 2009 THE BEGINNING HISTORY OF VALUE CREATION NGEX TODAY 2016 2019 2019 Los Helados • One of the world’s largest undeveloped copper projects. Indicated Resource includes • 17.6 billion pounds copper • 10 million ounces gold; • 92 million ounces silver Market Cap • A key deposit
Slide 5: NGEx – A Simple Story
NGEX – A SIMPLE STORY Overview Next Steps • Focused on our Vicuña District land package • Resume drilling after Southern Hemisphere winter break • Adding as much high-grade material as possible at Los Helados • Add as much high grade as possible at Los Helados • Getting other district targets ready
Slide 6: Vicuña – A Major New Copper District
VICUÑA A MAJOR NEW COPPER DISTRICT controlled by Lundin Group companies Los Helados deposit is located 16km northeast of the Filo del Sol deposit and 12 km from the Josemaria deposit Slide 6 NGEX Minerals Ltd | Corporate Presentation
Slide 7: Holds a Key Piece of the Vicuña District
HOLDS A KEY PIECE OF THE VICUÑA DISTRICT CENTRALY LOCATED LARGE LAND PACKAGE POTRO CLIFFS • Los Helados deposit-large M&I&I resource surrounding high grade core 0.8% CuEq • Close to existing operations and development projects • High potential exploration target at Potro Cliffs Slide 7 NGEX Minerals
Slide 8: Los Helados – Large Resource Underpins Current Valuation
LOS HELADOS – LARGE RESOURCE UNDERPINS CURRENT VALUATION VIEW SOUTH Indicated Resource* 17.6 billion lbs Cu 10.7 million oz Au Inferred Resource 5.8 billion lbs Cu 2.7 million oz Au For details on data verification, sample, analytical and testing results and the key assumptions, parameters and metho
Slide 9: When you find something big, keep looking
Scale Clusters Structures When you find something big, SEG SIZE CLASSIFICATIONS keep looking Super Giant >10,000,000 – 31,162,000 t Cu Giant >3,162,000 - 10,000,000 t Cu Giant deposits get bigger LOS HELADOS The best place to look for grade is in and 10.6 million tonnes Cu 12.8 million ounces Au aro
Slide 10: Los Helados High Grade Potential
LOS HELADOS HIGH GRADE POTENTIAL IDENTIFIED POTENTIAL EXTENSIONS AND NEW HIGH GRADE ZONES GEOPHYSICAL SURVEY • High grade zones appear to correlate to very low resistivities (pink-purple) • Limited testing to the north of the deposit • 2022 drill holes shown Slide 10 NGEX Minerals Ltd | Corporate Pr
Slide 11: 2022 Drilling
ALICANTO 2022 DRILLING HIGHLY SUCCESSFUL TEST OF HIGH GRADE EXPLORATION IDEAS CONDOR FENIX 3rd best copper drill hole of 2022 Slide 11 NGEX Minerals Ltd | Corporate Presentation
Slide 12: Los Helados Drill Program – The Quest for Grade
LOS HELADOS DRILL PROGRAM – THE QUEST FOR GRADE DRILL PROGRAM OBJECTIVES • Define a higher grade resource amenable to more selective underground mining methods • Target: +200Mt @ 0.8% CuEq • Better define existing high-grade zone • Test possible extensions • Test new targets identified in data revie
Slide 13: Potro Cliffs – Discovery Target
POTRO CLIFFS – DISCOVERY TARGET VICUÑA DISTRICT • Potro Cliffs lies along the same major northeast-trending structure which controls a series of alteration zones including Filo del Sol (5 km south, along trend) • One of the largest untested alteration zones in the district • Topography allows target
Slide 14: Next Steps
NEXT STEPS • Helados drilling to resume in October • Three holes suspended by onset of winter to be completed this season • Drilling to further test and extend Condor, Fenix, and Alicanto zones • Get permits for Potro Cliffs; drill Slide 14 NGEX Minerals Ltd | Corporate Presentation
Slide 15: Investment Summary – The Right Projects, The Right Time
INVESTMENT SUMMARY • Los Helados is a key strategic resource in an emerging giant district. High potential brownfields drilling • Potro Cliffs is the largest untested target in the Vicuna District • Valle Ancho is an exciting new exploration play • 2022/2023 will be news and catalyst rich THE RIGHT
Slide 16: No Guts No Glory
A Lundin Group Company NO GUTS Company Head Office NGEx Minerals Ltd. NO GLORY Suite 2000 - 885 West Georgia Street Vancouver, BC Canada V6C 3E8 EXPERIENCED AND SUCCESSFUL EXPLORERS Investor Relations Amanda Strong Telephone: (604) 689-7842 Email: info@ngexminerals.com @ngex_minerals | ngexminerals.
Slide 17: Valle Ancho – Copper/Gold Project
VALLE ANCHO – COPPER/GOLD PROJECT EXPLORATION UPSIDE | MARICUNGA BELT • Underexplored 100,000 Ha land package • Argentina side of the Maricunga Gold Belt >100Moz on Chile side • Along the crustal scale Valle Ancho lineament • Successful 2022 program tested oxide Au gold and copper-gold potential • E
Slide 18: Valle Ancho Project
VALLE ANCHO PROJECT 2 holes 1 hole 5 holes Target Development
Slide 19: Nordin Oxide Gold Target
NORDIN OXIDE GOLD TARGET VALLE ANCHO PROJECT | MARICUNGA BELT VAD002 198m @ 0.63 g/t Au; including 70m @ 0.94 g/t Au VAD001 150m @ 1.05 g/t Au Slide 19 NGEX Minerals Ltd | Corporate Presentation
Slide 20: La Quebrada Copper-Gold Target
LA QUEBRADA COPPER-GOLD TARGET VALLE ANCHO PROJECT | MARICUNGA BELT Hole VADH003/3A: 596.5m of 0.50% CuEq 596.5m of 0.50% CuEq (0.23% Cu; 0.37 g/t Au; 1.4 g/t Ag) from 4.0m including: VAD003 596.5m of 0.50% CuEq • 104.0m of 0.62% CuEq (0.25% Cu; 0.50 g/t Au; 1.5 g/t Ag) from 6.0m • Ended in minerali
Slide 21: Previously Released 2022 Los Helados Drill Holes
PREVIOUSLY RELEASED 2022 LOS HELADOS DRILL HOLES LHDH073 876m at 0.74% CuEq including • 696m at 0.80% CuEq from a depth of 216m • 210m at 1.06% CuEq from a depth of 314m LHDH074 1,016.3m at 0.65% CuEq including: • 294m at 0.87% CuEq from a depth of 210m and • 140m at 0.83% CuEq from a depth of 606m
Slide 22: Previously Released 2022 Los Helados Drill Holes
PREVIOUSLY RELEASED 2022 LOS HELADOS DRILL HOLES LHDH077 989 at 0.69% CuEq from surface, including: • 736m at 0.79% CuEq from a depth of 42m, including • 220m at 0.95% CuEq from a depth of 328m LHDH078 474.8 m at 0.61% CuEq including: • 100m at 1.20% CuEq from a depth of 844m See News Releases dated
Slide 23: Los Helados Mineral Resource Estimate
LOS HELADOS MINERAL RESOURCE ESTIMATE Los Helados Indicated Mineral Resource Notes to accompany Los Helados Mineral Resource table Tonnage Resource Grade Contained Metal Mineral Resource estimate has an effective date of April 26, 2019. The Qualified Person for the estimate is Mr. Gino Cutoff (milli
NGEx Minerals — Investor Presentation (September 2022) on 6ix