Formation Metals Inc. · CSE:FOMO
Formation Metals — Investor Presentation (March 2025)
16 slides from Formation Metals's investor presentation, Mar 18, 2025
Slide 1: Unlocking Gold Potential in Québec, Canada
Unlocking Gold Potential in Québec, Canada Investor Presentation Q1 2025 CSE: FOMO | OTCPK: FOMTF | FSE: VF1
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation and the information contained herein (the “Presentation”) has been prepared by Formation Metals Inc. (“Formation” or the “Company”) for the use of prospective investors for the purpose of evaluating a potential investment in securities of Formation. This P
Slide 3: Why Invest?
Why Invest? Flagship Asset: N2 Project – 877,000 Global Well Funded, Large Ounces Tight Capital Structure Rerating Opportunity 18.2 Mt @ 1.48 g/t Au (810,000 ounces of Gold)* ~45 million shares outstanding ~$14M market cap in a tightly structured company that trades at a 243 Kt @ 7.82 g/t Au (67,000
Slide 4: Corporate Details
Corporate Details Deepak Varshney Adrian Smith 45,011,474 $14.3M P.Geo., CEO & Director P.Geo., Advisor SHARES ON ISSUE MARKET CAP Over 15 years of experience in the capital Corporate advisor and resources TSX-V: USHA At C$0.33/sh markets and mineral exploration and executive with experience in prec
Slide 5: Abitibi Greenstone Belt: Casa Berardi Deformation Zone
Abitibi Greenstone Belt: Casa Berardi Deformation Zone Why the The Casa Abitibi Berardi Greenstone Deformation Belt? Zone A major gold-bearing World’s largest structural corridor in mineral-rich Québec. greenstone belt. Home to world-class Over 200 Moz of deposits like Casa gold produced. Berardi, E
Slide 6: N2 Gold Project - Introduction
N2 Gold Project - Introduction CSE: FOMO | OTCPK: FOMTF | FSE: VF1 • ~4,400 hectares, 87 claims under 100% from Wallbridge Mining Company • Mesothermal gold system located within the Casa Berardi Deformation Zone • 1.5 km east of the Vezza gold mine; ~120 km east of the Casa Berardi gold mine (P&P 1
Slide 7: Historical Work on the N2 Project
Historical N2 Work–on Gold Project the N2 Project History CSE: FOMO | OTCPK: FOMTF | FSE: VF1 Drilling History: 236 diamond drill holes; 55,517 metres. Deepest hole reached 682 metres; average depth 244m. 70% of diamond drill holes intercepted >0.5 gpt gold. Metallurgical Testing: Preliminary tests
Slide 8: N2 Gold Project – Geology
N2 Gold Project – Geology CSE: FOMO | OTCPK: FOMTF | FSE: VF1 • Mesothermal gold system located within the Casa Berardi Deformation Zone (CBDZ) • 2 domains separated by the CBDZ; deposit is steeply dipping (near-vertical) • Six known zones of gold mineralization; two principal zones of gold minerali
Slide 9: N2 Gold Project – Target Summary
N2 Gold Project – Target Summary CSE: FOMO | OTCPK: FOMTF | FSE: VF1 Five key mineralized zones, offering significant exploration potential • A Zone: 55 drillholes, 14,693 m, 84% intercepted Au up to 1.8 g/t over 32 m with a metal factor of 94; 1.65 km strike drilled, 3.1 km+ strike open • RJ Zone:
Slide 10: N2 Gold Project – “RJ” Zone
N2 Gold Project – “RJ” Zone CSE: FOMO | OTCPK: FOMTF | FSE: VF1 High-grade bonanza style mineralization / Bulk tonnage • 82 drillholes, 20,875 metres, 76% intercepted Au • Best metal factor: 60, 4.6 metre composite; 9 ddh >20 g*m • Top intercepts: 51.26 g/t Au over 0.8 metres, 48.4 g/t over 0.5 m; 1
Slide 11: N2 Gold Project – “A” Zone
N2 Gold Project – “A” Zone CSE: FOMO | OTCPK: FOMTF | FSE: VF1 Bulk tonnage deposit • 55 drillholes, 14,693 metres, 84% intercepted Au • Best metal factor: 94, 56.6 metre composite starting at 18 metres depth up to 2.08 g/t; 19 ddh >20 g*m, 11 >30 g*m • Top intercepts: 13.4 g/t over 1.13 m; 8.8 g/t
Slide 12: N2 Gold Project – Exploration Strategy
N2 Gold Project – Exploration Strategy CSE: FOMO | OTCPK: FOMTF | FSE: VF1 • Data compilation (completed) • 2D/3D modelling (on-going) • Comprehensive geophysics (April-May) • Comprehensive soil sampling program (April- May) • Drill permitting • Resource expansion program (June-July) • 5,000 metres
Slide 13: Formation Metals: Trading Strong Relative to Peer Group
Formation Metals: Trading Strong Relative to Peer Group CSE: FOMO | OTCPK: FOMTF | FSE: VF1 US$ EV/Oz Au in the Ground (M+I+I) The opportunity: 55 North Mining Inc. $4.7 • The N2 deposit remains open along strike Emperor Metals Inc. $5.5 and depth representing significant opportunities for resource
Slide 14: Strong Re-rating Potential
Strong Re-rating Potential CSE: FOMO | OTCPK: FOMTF | FSE: VF1 Operator Mayfair Gold Sitka Gold Formation Metals IN SITU US$111M Project Name Fenn-Gib Blackjack N2 IN SITU US$58M Enterprise Value (US$M) 130 68 5 In-Situ Value (US$M) 111 58 20 EV/In-Situ 117% 117% 25% EV US$130M EV US$68M Stage explo
Slide 15: Summary
Summary N2 GOLD DEPOSIT WELL FUNDED Advanced gold deposit with a global historic ~$2M working capital provides ample runway to resource of 877,000 ounces and six execute programs at each of the Company’s projects mineralized zones, each open for expansion along strike and at depth including the “A”
Slide 16: Deepak Varshney, P.Geo. CEO
Deepak Varshney, P.Geo. CEO dvarshney@formationmetalsinc.com 778-899-1780 Follow our Journey! https://formationmetalsinc.com CSE: FOMO | OTCPK: FOMTF | FSE: VF1
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