Slide 1: The Next Great Discovery in Ecuador
CORPORATE PRESENTATION THE NEXT GREAT DISCOVERY IN ECUADOR Q3 2020 www.salazarresources.com
Slide 2: Disclaimer for Forward-Looking Information
DISCLAIMER FOR FORWARD-LOOKING INFORMATION Certain of the information and statements contained in this presentation constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as:
Slide 3: What Is Salazar Resources and Its Investment Case?
WHAT IS SALAZAR RESOURCES AND ITS INVESTMENT CASE? AN ECUADORIAN PROJECT GENERATOR WITH A PROVEN TRACK RECORD OF DISCOVERY FULLY-CARRIED FARM-OUT ON FUNDED, CASH-FLOWING, WE ARE ECUADORIAN MAIDEN DISCOVERY TARGETING NEW DISCOVERIES • High grade VMS deposit El Domo • C$3.6M in treasury • Proven track
Slide 4: Ecuador: Pro-Mining with Huge Geological Potential
WHERE ARE YOU FOCUSED? ECUADOR: PRO-MINING WITH HUGE GEOLOGICAL POTENTIAL Richard Sillitoe map of the Cu Belts of the Andes Mineral deposits of Ecuador, highlighting Salazar properties SALAZAR RESOURCES LTD | Value through Discovery in Ecuador - Corporate Presentation | Q3 2020 Slide 4
Slide 5: Why Ecuador?
WHY ECUADOR? RELATIVELY UNDER-EXPLORED, GIANT COPPER & GOLD DEPOSITS, GOVERNMENT SEES A RESPONSIBLE MINING INDUSTRY AS KEY IN NATION-BUILDING & POST-COVID RECOVERY Ecuador needs US dollars to fund social and infrastructure projects. Ecuador plan for mining by 2023 1 A strong mining industry brings e
Slide 6: Who Is Investing in Ecuador?
WHO IS INVESTING IN ECUADOR? COMPANIES ATTRACTED TO THE GEOLOGICAL ATTRIBUTES OF SCALE & GRADE, THE EXPLORATION POTENTIAL, AND THE GOVERNMENT COMMITMENT TO A NEW MINING INDUSTRY SALAZAR RESOURCES LTD | Value through Discovery in Ecuador - Corporate Presentation | Q3 2020 Slide 6
Slide 7: Who Are We?
WHO ARE WE? EXPERIENCED TEAM WITH A PROVEN TRACK RECORD OF MINERAL DEPOSIT DISCOVERY Board of Directors Management Team Fredy Salazar: President & CEO Fredy Salazar: President & CEO Geologist and Environmental Scientist. Ex head of regional exploration for Newmont. Track record of deposit discovery,
Slide 8: What Is Your Capital Structure?
WHAT IS YOUR CAPITAL STRUCTURE? TSX-V:SRL, SIGNIFICANT INSIDER OWNERSHIP, FOCUSED ON VALUE PER SHARE C$3.6m C$30m 122m 11.0m 1.0m Cash Mar 30 Market Cap Shares in Issue Options Warrants NO EQUITY ISSUED SINCE 2016 0.28 0.26 0.24 Management Arlington 0.22 and Directors Group 0.20 ~30% Financial Advis
Slide 9: What Is Your Business Model?
WHAT IS YOUR BUSINESS MODEL? WORK UP PROSPECTS, DRILL BEST TARGETS 100%, MANAGE TREASURY, FARM OUT SRL 100% Portfolio Project Stage Farmed-Out Portfolio, SRL fully carried • Curipamaba (SRL 25%) ‒ El Domo advancing to F.S Development Studies • Rumiñahui: major porphyry target • Curipamaba (SRL 25%)
Slide 10: How Do You Plan to Make Money for Investors?
HOW DO YOU PLAN TO MAKE MONEY FOR INVESTORS? REPEAT PROJECT GENERATOR BLUEPRINT ESTABLISHED AT CURIPAMBA, TARGET NEXT 100%-OWNED DISCOVERY, TRADE NON-CORE ASSETS 1 El Domo at Curipamba is the 1st project farmed-out. Salazar Resources has also set up an Exploration Alliance that covers PEA highlights
Slide 11: What Makes You Different in Ecuador?
WHAT MAKES YOU DIFFERENT IN ECUADOR? WE ARE ECUADORIAN: COMMITTED PARTNERS TO GOVERNMENT, LAND AND COMMUNITY. SALAZAR FOUNDATION PIONEERING PROGRAMMES TO DELIVER A LASTING Traditional Dance POSITIVE LEGACY Community Reforestation Education Culture Juventud Minera Sports Good Partnership with ESPOL N
Slide 12: How Are You Dealing with the COVID-19 Pandemic?
HOW ARE YOU DEALING WITH THE COVID-19 PANDEMIC? SALAZAR FOUNDATION LAUNCHED EMERGENCY APPEAL; FIELD ACTIVITIES RESUMING GRADUALLY WITH STRICT PROTOCOLS SALAZAR FOUNDATION COVID-19 Commitment for resource Food donation parcels during development to be a powerful lockdown. Emergency Appeal catalyst fo
Slide 13: What Is the Strategy for Implementing the Business Plan This Year?
WHAT IS THE STRATEGY FOR IMPLEMENTING THE BUSINESS PLAN THIS YEAR? DRILL 100%-OWNED PROJECTS; NEW 100% LICENCES CARRIED DRILLING (3 PROJECTS) AND FEASIBILITY STUDY PROGRESS Joint Venture projects with Adventus Mining CURIPAMBA Studies, optimization, EIA work, Feasibility Study Curipamba drilling (ex
Slide 14: How Will You Pay for the Exploration?
HOW WILL YOU PAY FOR THE EXPLORATION? SIGNIFICANT CARRIED WORK PROGRAMME, INCOME, TREASURY, DISCRETIONARY SPEND 2020 waterfall budget 8 US$3.5m 7 6 5 US$1.9m ? (provisional) 4 US$0.35m US$2.7m US$0.25m 3 2 1 Treasury buffer >US$1.5M 0 Treasury Advance payment Mgmt. fee at Curipamba + Andes drill ear
Slide 15: What Have You Achieved at Curipamba?
WHAT HAVE YOU ACHIEVED AT CURIPAMBA? ESTABLISHED BLUEPRINT PROJECT GENERATOR MODEL: GRASS-ROOTS VMS DISCOVERY, DEFINED RESOURCES, COMPLETED FULLY CARRIED FARM-OUT 1 First hole drilled in 2007 and discovery of the El Domo VMS deposit in 2008 by Salazar Resources 2 342 holes for 69,000m drilled 3 25%
Slide 16: What Is the Latest Technical Update from Curipamba?
WHAT IS THE LATEST TECHNICAL UPDATE FROM CURIPAMBA? RICH ORE GENERATES A STRONG PRELIMINARY ECONOMIC ANALYSIS (PUBLISHED MAY 2019) $288m 40% <2 years 4.9% $0.96/lb $185m NPV8 (post tax) IRR (post tax) Payback CuEq LOM CuEq C1 Cost Start-Up CapEx Grade Contained Metal Resource* Tonnes Category (Mt) C
Slide 17: What Is Happening at Curipamba This Year?
WHAT IS HAPPENING AT CURIPAMBA THIS YEAR? DISCOVERY BLUEPRINT ESTABLISHED AT EL DOMO (CURIPAMBA), VMS DEPOSITS OCCUR IN CLUSTERS AND TARGETS WILL BE DRILLED IN 2020 Map of Curipamba project showing VMS target areas Airborne geophysics flown in 2019, interpretation ongoing 7 regional targets identifi
Slide 18: About Your 80:20 Carried Exploration Alliance with Adventus Mining
WHAT ABOUT YOUR 80:20 CARRIED EXPLORATION ALLIANCE WITH ADVENTUS MINING? FUNDED EXPLORATION ALLIANCE: NEW ZINC PROJECTS ONLY, AND PIJILI AND SANTIAGO ZINC ONLY 80% ADZN 20% SRL Alliance only covers projects where Zinc Funded by ADZN to production decision. is a top-two value metal. Pijili and All dr
Slide 19: What Do You Have in Your 100% Portfolio?
WHAT DO YOU HAVE IN YOUR 100% PORTFOLIO, AND WILL YOU ADD TO IT? WHOLLY OWNED LICENCES IN ECUADOR, MORE UNDER APPLICATION SRL 100% Portfolio Project Stage Map of Mining districts and 100% Salazar projects Development Studies • Rumiñahui: major porphyry target to be drilled • Macara: gold target, dri
Slide 20: Why Are You Excited About Rumiñahui?
WHY ARE YOU EXCITED ABOUT RUMIÑAHUI? RUMIÑAHUI IS POTENTIALLY A MAJOR PORPHYRY COPPER SYSTEM PROJECTS RESERVES PUBLICATION DATE LLURIMAGUA 982 Mt @ 0.89 % Cu, 0.04 % Mo August 20, 2004 Measured & Indicated 2663 Mt @ 0.37% Cu, 0.25 g/t Au CASCABEL April 07, 2020 High Grade Core 442 Mt @ 0.87 % Cu, 0.
Slide 21: What Results Do You Have to Date at Rumiñahui?
WHAT RESULTS DO YOU HAVE TO DATE AT RUMIÑAHUI? CONSISTENT GOLD AND COPPER ANOMALIES OVER WIDE AREAS 2,910 ha (2 concessions) LEGEND Quaternary Volcanics Tertiary Intrusives San Juan de Lachas formation: Sub-horizontal volcaniclastics Mulaute Formation: Marine volcaniclastics Pilaton Formation: Massi
Slide 22: What Is the Plan for 2020 at Rumiñahui?
WHAT IS THE PLAN FOR 2020 AT RUMIÑAHUI? DRILL PHASE 1 PROGRAMME, REVIEW OPTIONS AND RESULTS Map of Rumiñahui (Bettys and Rumiñahui concessions) and drill plan Schematic cross-section A - A’ of proposed drill plan SALAZAR RESOURCES LTD | Value through Discovery in Ecuador - Corporate Presentation | Q
Slide 23: About Los Osos?
WHAT ABOUT LOS OSOS? GOLD AND COPPER MINERALISATION IN PROLIFIC MINING DISTRICT Regional Setting of Los Osos Licence area Map of Los Osos Licence area and other licences of interest nearby Los Osos 229 ha (1 concession) SALAZAR RESOURCES LTD | Value through Discovery in Ecuador - Corporate Presentat
Slide 24: What Is the Plan for 2020 at Los Osos?
WHAT IS THE PLAN FOR 2020 AT LOS OSOS? DRILL PHASE 1 PROGRAMME, REVIEW OPTIONS AND RESULTS Los Osos geological map and drill plan Schematic cross-section A – A’, proposed drill plan SALAZAR RESOURCES LTD | Value through Discovery in Ecuador - Corporate Presentation | Q3 2020 Slide 24
Slide 25: Tell Me More About Macara?
TELL ME MORE ABOUT MACARA? GOLD MINERALISATION ON EDGE OF MAJOR VMS BASIN IN SOUTHERN ECUADOR / PERU Macara Project, regional geological setting Macara project, licence locations and local infrastructure 1,807 ha (1 concession) SALAZAR RESOURCES LTD | Value through Discovery in Ecuador - Corporate P
Slide 26: What Results Do You Have to Date at Macara?
WHAT RESULTS DO YOU HAVE TO DATE AT MACARA? STRONG GOLD GEOCHEMISTRY, CROSS-CUTTING MINERALISATION AND VMS GEOLOGY Macara, geochemistry draped over topography DATA GEOLOGY 240 soil samples taken, Tholeiitic volcanic arc Mineralisation: breccias peaking at 9.9 g/t Au. and stockworks in pillow lavas (
Slide 27: What Is the Plan for 2020 at Macara?
WHAT IS THE PLAN FOR 2020 AT MACARA? DRILL PHASE 1 PROGRAMME, REVIEW OPTIONS AND RESULTS Macara schematic cross-section A – A’, and proposed drill plan Macara geochemistry and drill plan SALAZAR RESOURCES LTD | Value through Discovery in Ecuador - Corporate Presentation | Q3 2020 Slide 27
Slide 28: In Summary, What Is the Investment Case Today?
IN SUMMARY, WHAT IS THE INVESTMENT CASE TODAY? TRANSFORMATIONAL YEAR AHEAD OF DRILLING NEW TARGETS AT SEVERAL WHOLLY OWNED PROJECTS. CONTINUE TO UNLOCK VALUE AT CURIPAMBA FULLY-CARRIED FARM-OUT ON FUNDED, CASH-FLOWING, WE ARE ECUADORIAN MAIDEN DISCOVERY TARGETING NEW DISCOVERIES • High grade VMS dep
Slide 29: Contact Info
CONTACT INFO Company Head Office 1305-1090 W. Georgia Street Vancouver, BC, Canada, V6E 3V7 +1 604-685-9316 fsalazar@salazarresources.com merlin@salazarresources.com www.salazarresources.com