Minnova Corp. · TSXV:MCI
Minnova — Investor Presentation (April 2025)
22 slides from Minnova's investor presentation, April 2025
Slide 1: A High Grade Gold Development Company
A High Grade Gold Development Company PL Gold Mine April 2025 Corporate Presentation TSXV:MCI | OTC Pink: AGRDF
Slide 2: Cautionary Notes
TSXV: MCI | AGRDF: OTC Pink Cautionary Notes Cautionary Note Regarding Forward-looking Information This presentation contains certain information that may constitute forward-looking information under applicable Canadian and U.S. securities legislation, including but not limited to information about
Slide 3: Capital Structure
TSXV: MCI | AGRDF: OTC Pink Capital Structure (Share data as of January 22, 2025) Symbol TSXV: MCI | AGRDF: OTC Pink Shares Outstanding# 86,420,175 Options average price Well Structured, $0.14 6,800,000 Significant Insider Ownership DSU/RSU average price $0.85 975,000 Fully Diluted 94,215,175 Gold S
Slide 4: Value Proposition
TSXV: MCI | AGRDF: OTC Pink Value Proposition Permitted Past Producer - Near Term Gold Producer 1985 PL Gold Mine Restart Advanced Development Stage Project Past producer (1988, Puffy Lake Mine) First Camp Trenching DDH Core Racks Significant mine and processing infrastructure in 1986 place Permitte
Slide 5: PL Gold Mine Restart
TSXV: MCI | AGRDF: OTC Pink PL Gold Mine Restart Low Risk Jurisdiction – Manitoba, Canada PL Restart Plan Benefits from Significant Mine Infrastructure Regional Infrastructure 1000 tpd mill Underground • All weather access • Crusher Development • Railroad • Fine Ore bin • Access portal/decline • Reg
Slide 6: Positive Feasibility Study – Gold Price Leverage
TSXV: MCI | AGRDF: OTC Pink PL Gold Mine Restart Positive Feasibility Study – Gold Price Leverage 2018 Feasibility Sensitivity to 2018 Feasibility Study Highlights Higher Gold Price • Based on new RSV/RSC’s Gold Price US$ 1250 1 US$ 2500 2 • Phase-1 mine life of 5 years – UG Reserves - 259,000 oz @7
Slide 7: Restart Feasibility Study Sensitivity to Higher Gold Price
TSXV: MCI | AGRDF: OTC Pink PL Gold Mine Restart Feasibility Study Sensitivity to Higher Gold Price Gold Price (USD/oz) $1,200 $1,2501 $1,500 $1,750 $2,000 $2,250 $2,500 $2,750 $3,000 Pre-Tax NPV 5% (C$M) $43 $56 $119 $173 $235 $298 $361 $424 $487 After-Tax NPV 5% (C$M) $25 $37 $96 $145 $204 $264 $3
Slide 8: Near Term – High Grade Production
TSXV: MCI | AGRDF: OTC Pink PL Gold Mine Near Term – High Grade Production PL North Step-Out Drill Hole M-21-048x in the Shadow of the PL Mill PL Mill PL Deposit surface trace PL North surface trace DDH M-21-048x Visible Gold grading 101.6 g/t Au over 0.5m @ 208m Highlights Potential for Bonanza Gra
Slide 9: Resource Expansion and Exploration Potential
TSXV: MCI | AGRDF: OTC Pink Resource Expansion and Exploration Potential PLN Upper Zone 101.6g/t Au over 0.5m @~208m PL North Target Upper Zone Lower Zone Multiple New Zones PL Deposit Resource and Existing South Reserve Limits Portal and Open to Expansion to Decline PL Deposit Block Model Northwest
Slide 10: PL North Taking Shape in the Shadow of the Mill
TSXV: MCI | AGRDF: OTC Pink PL North Taking Shape in the Shadow of the Mill PL Mine Phase-1 Restart Plan PL North Drill Locations Proposed Starter Pit PL North – Shallow Resource Development Offers Lower Cost Open Pit Option www.minnovacorp.ca 10
Slide 11: 2025 Programs to Enhance Value Proposition
TSXV: MCI | AGRDF: OTC Pink 2025 Programs to Enhance Value Proposition • Planned 2025 PL Gold Mine technical programs designed to Surface Bulk Increase project NPV: Sample Updated Initial Metallurgy – Resource expansion drilling Development from New Portal ( Recoveries, – Reserve conversion (infill)
Slide 12: Resource Expansion AND Reserve Conversion
TSXV: MCI | AGRDF: OTC Pink Resource Expansion AND Reserve Conversion • Positive Summer 2020 and Spring 2021 drilling results. • Step out drilling on PL North zone confirmed extension of mineralized structures, near surface high grade intercepts and new FW Tonalite mineralized structures supporting
Slide 13: Nokomis Deposit 7km Northeast from PL Mill
TSXV: MCI | AGRDF: OTC Pink Nokomis Deposit 7km Northeast from PL Mill • Potential open pit satellite deposit • NI 43-101 resource (2012) based on 150 holes • High-grade gold intercepts at shallow depths • 125.08 g/t over 7.6 m (incl. 1,830 g/t over 0.5 m); • 12.27 g/t over 5.2 m; • 5.1 g/t over 6.4
Slide 14: Nature of Gold Mineralization is Favourable to Ore Sorting
TSXV: MCI | AGRDF: OTC Pink Nature of Gold Mineralization is Favourable to Ore Sorting Ore sorting test work to separate high grade quartz veins from barren host rock • Gold mineralization hosted entirely within quartz veins (QV) • Free milling gold • Associated with arsenopyrite+ pyrite+pyrrhotite
Slide 15: Benefits of Ore Sorting Technology
TSXV: MCI | AGRDF: OTC Pink Benefits of Ore Sorting Technology Ore sorting test work to separate high grade quartz veins from barren host rock PL underground and open pit • Improved resource utilization • Cut-off grade may be decreased, and mineral reserves increase • Reduce mining costs • May suppo
Slide 16: Nature of Gold Mineralization is Favourable to Modern Gravity Concentration
TSXV: MCI | AGRDF: OTC Pink Nature of Gold Mineralization is Favourable to Modern Gravity Concentration Gravity concentration test work to extract free gold • Gold mineralization is characterized as free gold • Historical metallurgical test work achieved up to 70% gravity gold recovery from test wor
Slide 17: PL North Starter Open Pit and Northern Decline
TSXV: MCI | AGRDF: OTC Pink PL North Starter Open Pit and Northern Decline • Mine development optimization plans support development of new Starter Open Pit and Northern Portal and Decline 1000 tpd Mill Primary crusher 3 Compartment fine ore bin Full mechanical shop New Starter Open Pit and North Of
Slide 18: PL and Nokomis Gold Deposits
TSXV: MCI | AGRDF: OTC Pink PL and Nokomis Gold Deposits Demonstrated Expansion Potential PL and Nokomis Deposits: Independent* NI 43-101 Mineral Resource Estimates • Proven 105,000 oz Au and Probable 154,000 oz Au • Measured & Indicated Resource of 293,326 oz Au • Inferred Resource of 319,100 oz Au
Slide 19: 12 Month plan to Drive Share Price!
TSXV: MCI | AGRDF: OTC Pink 12 Month plan to Drive Share Price! PL Gold Mine Development • Resource Expansion and Reserve Conversion Infill Drilling – program planning complete • Open pit bulk sample - in planning stage • Amend mining license for open pit mining bulk sample – in planning stage • Und
Slide 20: Peer Group Comparison
TSXV: MCI | AGRDF: OTC Pink Peer Group Comparison • Relatively low valuation for an advanced development stage project • Low share count = high leverage (~86 million shares o/s) • Very low EV/Resource Ounce market multiple relative to peers belies: • Minesite infrastructure • Near term production •
Slide 21: Management and Directors
TSXV: MCI | AGRDF: OTC Pink Management and Directors Aligned and Focused on Shareholder Returns MANAGEMENT AND BOARD EXPLORATION & DEVELOPMENT TEAM Gorden Glenn - Chairman, President & CEO GEOLOGY - Chris Buchanan, MSc., P. Geo Over 35 years industry experience in finance Senior structural geologist
Slide 22: Contact Us
PL Gold Mine Near Term Contact Us Nokomis Satellite Deposit Regional Exploration Gold Producer Gorden Glenn, Chairman, President & CEO Tel: +1 647 985 2785 gglenn@minnovacorp.ca 217 Queen Street W., Suite 401, Toronto, Ontario M5V 0R2 www.minnovacorp.ca @ @minnovaCEO minnovacorp