Hayasa Metals Inc. · TSXV:HAY
Hayasa Metals — Investor Presentation (November 2024)
24 slides from Hayasa Metals's investor presentation, Nov 19, 2024
Slide 1: Dedicated to Discovery
Dedicated to Discovery Investor Deck NOV 2024 www.hayasametals.com TSXV: HAY | OTCQB: HAYAF | FSE: FR20
Slide 2: Disclaimer
Disclaimer Certain statements contained in this presentation constitute forward-looking statements. These statements relate to future events or the Company's future performance, business prospects or opportunities. All statements other than statements of historical fact may be forward- looking state
Slide 3: Corporate Highlights
Corporate Highlights ➢ TSXV-listed TSXV: HAY | OTCQB: HAYAF | FSE: FR20 Company ➢ Tight share structure | low market capitalization Fundamentals ➢ Insider ownership ~ 16%+, 44% with TECK.B and closely held associates Management’s interests aligned with shareholders ➢ Joel Sutherland, CEO CFA CA CPA—
Slide 4: Board of Directors
Board of Directors Dennis Moore, Chairman and President, Technical Leader ➢ Geologist-entrepreneur and proven mine-finder ➢ Over 40 years experience in Latin America, Nevada and Australasia ➢ Discovered, delineated and vended the 2 Moz TZ gold mine1 and the Cuiú Cuiú gold deposit2 Joel Sutherland CP
Slide 5: Capital Structure
Capital Structure TSXV:HAY | OTCQB:HAYAF | FSE:FR20 Insiders + TECK.B own 23% combined Shares (I/O)1 58.2 M Additional 21% is tightly held by close associates Warrants 15.9 M $0.17 (5.8 mln exp. 10/25, 10.1 mln exp. 01/26) Share Ownership2 Stock Options 4.7M $0.09-1.00 (exp. 04/25 – 04/28) Shares (F
Slide 6: About Armenia
About Armenia ➢ Stable, Western-looking democratic government ➢ Investor-friendly corporate environment seeking new investment ➢ Member of EITI, EBRD, World Bank, OCSE & Council of Europe1 ➢ Population 3M (2M+ in capital Yerevan) ➢ Modern Mining Law (2003) & Mining Code (2011) ➢ Low exploration cost
Slide 7: About Armenia
About Armenia “[IMF] staff projects real GDP growth to reach 7 percent in 2023 and 5 percent in 2024, driven by continued expansion in the construction and trade sectors.” Source: IMF Country Report No. 23/416 Source: IMF Source: IMF 7
Slide 8: Tethyan Metallogenic Belt
Tethyan Metallogenic Belt One of the world’s major metal producing belts - underexplored in Armenia ➢ Spans 33 countries from the Balkans to China ➢ Hosts multiple Tier One deposits - including Bor, Chelopec, Kisladag & Reko Dig ➢ ~250 significant discoveries in the last 15 years – focus on copper &
Slide 9: The Belt in Armenia
The Belt in Armenia Mining: 8 large metal mines Hayasa Metals Inc. ➢ Sotk gold mine (>4 Moz resource base) ➢ 3 porphyry copper-molybdenum mines Development: Amulsar Project Urasar ➢ Owned by Orion Mine Finance & Osisko Gold Royalties ➢ 4.8 Moz gold global resource base ➢ First gold pour 2025 ➢ Est.
Slide 10: Vardenis Project Overview
Vardenis Project Overview Extensive zones of alteration & mineralization with little past drill testing: Substantial Copper, Molybdenum & Gold potential ➢ Located in east-central Armenia ➢ 9,339 ha road-accessible exploration permit ➢ Option to earn a 100% interest via staged work commitments & paym
Slide 11: Vardenis Mineralization
Vardenis Mineralization Past Work (DPMI 2015-2017) ➢ Extensive soil geochemistry ➢ Rock sampling & trenching ➢ Limited geophysics (Ground mag survey on one target) ➢ Limited drilling – Artsiv zone: ➢ 1,246 m in 7 DDH ➢ 11.9 m @ 1.92 g/t Au & 58.6 g/t Ag ➢ Six key targets identified: ➢ Alteration ext
Slide 12: Vardenis Exploration & Potential
Vardenis Exploration & Potential Work to date demonstrates Vardenis is a large mineralized system with real potential to host significant copper-molybdenum-gold deposits 2023 Work Program: 2024 Work Program: ➢ Detailed mapping of porphyry-style veining ➢ Mapping, rock chip & channel sampling ➢ Initi
Slide 13: Urasar Project Overview
Urasar Project Overview Large-scale gold-copper potential: Robust, 14km-long soil anomaly, with historic resource Hayasa Metals Inc. ➢ Located in north-central Armenia ➢ 3,380 ha road-accessible exploration permit Urasar ➢ 100% Hayasa owned ➢ Highest priority exploration project controlled by Hayasa
Slide 14: Urasar Exploration & Potential
Urasar Exploration & Potential 2023 Work Program: ➢ Extensive soil sampling demonstrated a continuous & robust copper-gold-base metal anomaly; confirming historic Soviet work ➢ Initial interpretation suggests a continuous mineralized structure >1 km wide over a 15 km strike length 2024 Work Program:
Slide 15: Urasar Magnetic Survey
Urasar Magnetic Survey Drill targets: ➢ The mag overlay shows a > 14km long mag low trough (blue), often related to magnetite destruction associated with epithermal/hydrothermal mineralization. ➢ Based on mag work completed in Q3, 2024, the top five targets for drilling are: Oxide Bason, Copper Cree
Slide 16: In the Community
In the Community Building trust & creating opportunities in the communities in which we operate ➢ Early, open and ongoing dialogue via community meetings ➢ Community improvements, including road construction to improve access ➢ Creating employment opportunities by hiring skilled and unskilled labour
Slide 17: Hayasa Metals - Summary
Hayasa Metals - Summary Hayasa goals over 2025: • Sign a gold royalty at Urasar • Enter into a JV partnership on Vardenis that contemplates funding 35k of drilling to get to FS • Secure a third property Company summary: • Solid fundamentals: low market capitalization, tight share structure, high ins
Slide 18: Contact us
Contact us info@hayasametals.com www.hayasametals.com 18
Slide 19: Appendix: Vardenis Option
Appendix: Vardenis Option • 51% equity ownership interest in Mendia Resources LLC (owner of the Vardenis permit): - June 2023: US$100,000 in cash and 500,000 Hayasa common shares - July 2025: complete specified exploration work (including 2,500m of diamond drilling) • A further 29% stake (total 80%
Slide 20: Appendix: Vardenis Soil Geochem
Appendix: Vardenis Soil Geochem Molybdenum-in-soil Geochemistry Gold-in-soil Geochemistry 20
Slide 21: Appendix: Vardenis Initial Drill Program
Appendix: Vardenis Initial Drill Program ➢ Two 390m drill holes completed in November 2023 (VARD-01 and -02) ➢ Sulfide mineralization throughout, abundant veining (including “B veinlets”), brecciation, sericite alteration ➢ Anomalous values up to 1.8 g/t Au over 2 m and 0.13% Cu over 2 m ➢ Demonstra
Slide 22: Appendix: Urasar Soil Geochemistry
Appendix: Urasar Soil Geochemisty Gold-in-soil Geochemistry 22
Slide 23: Appendix: Armenian Mining Industry
Appendix: Armenian Mining Industry ➢ Significant copper & gold producer - top 10 global molybdenum producer ➢ 8 large operating metal mines including 3 copper-molybdenum porphyries - first gold pour at Amulsar expected 2025 ➢ Economy dependent on mining sector: 6.8% of GDP (2022)1 and 30% of export
Slide 24: Appendix: Armenian Government
Appendix: Armenian Government PRESIDENT & PARLIAMENT ➢ Form of Government – Parliamentary ➢ Prime Minister Nikol Pashinyan (elected in 2021, next elections in 2026) ➢ President Vahagn Khachaturyan (elected in 2022, next elections in 2025) ➢ The Government of Armenia's stated aim is to build a Wester
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