Transition Metals Corp. · TSXV:XTM
Transition Metals — Corporate Update (March 2021)
17 slides from Transition Metals's corporate update, March 2021
Slide 1: Wollaston Copper Project Highlights
WOLLASTON COPPER PROJECT HIGHLIGHTS XTM – TSXV | Q1 2021 INVEST IN TOMORROW, TODAY. XTM – TSXV | Q1 2021 1
Slide 2: Wollaston Sediment Hosted Copper Project Overview
Wollaston Sediment Hosted Copper Project Overview • >150 km2 property staked by Transition covering similar geology along strike from Forum Energy Metals and Rio Tinto’s Janice Lake project • Cluster of copper showings exposed in bedrock over a 50 km strike length • Only 1 of the historical copper s
Slide 3: Wollaston - Follow Up To Janice Lake
Wollaston - Follow Up To Janice Lake A Transition Metals Success Story • Janice Lake project staked by Transition in 2012, optioned to Forum Energy Metals in 2018 • Forum entered into $30 million deal with Rio Tinto in 2019 • Rio Tinto has since constructed a 110 km winter haul road to support a 50
Slide 4: Wollaston Copper Belt
Wollaston Copper Belt Emerging Proterozoic Sediment-hosted Copper District Wollaston Supergroup George Lake • >800 km long sedimentary belt, analogous to the size of the African Key Lake Janice Lake Copper Belt • Closed basin architecture, with evidence of evaporites (scapolite), carbonates • Extens
Slide 5: Fannon Exploration History and Showings (North Block)
WOLLASTON COPPER PROJECT Fannon Exploration History and Showings (North Block) 1960-1990 • Great Plains resources D. Partridge and Murray Pike discover copper mineralization while prospecting for Uranium • 1975 – Saskatchewan Mineral Development Corp Flag Lake ddh 0.24% Cu/ 10.82 m partial coverage
Slide 6: Noranda 1990's drilling at Fannon
WOLLASTON COPPER PROJECT Noranda 1990’s drilling at Fannon – Comparable widths and grades as Janice Lake INVEST IN TOMORROW, TODAY. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018 XTM – TSXV | Q1 2021
Slide 7: Porcupine Exploration History and Showings (South Block)
WOLLASTON COPPER PROJECT Porcupine Exploration History and Showings (South Block) 1970’s Sito Zn • Wollex – prospecting, mapping and sampling, detailed geophysics and geochemical surveys focusing on the Fable Zn mineralization • Discovery of Porcupine Cu occurrence – Grabs up to 4.5% Cu and 13.1 g/t
Slide 8: Porcupine Geophysical Coverage
WOLLASTON COPPER PROJECT Porcupine Geophysical Coverage 2005 - Wildcat Exploration completed an airborne mag and ZTEM survey on a 50 - 75 m line spacing ZTEM off-time and mag raw data is available INVEST IN TOMORROW, TODAY. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018 XTM – TSXV | Q1 2021 8
Slide 9: Work Completed by Transition in 2020
WOLLASTON COPPER PROJECT Work Completed by Transition in 2020 Flag Lake Cu Showing Groundbreaking Regional Biogeochemical Survey Main Cu showing • Property scale - tree top bio-geochem survey • ~500 m sample spacing, with tighter infill sampling around known showings • Objective – trace prospective
Slide 10: Biogeochemical Surveys
Biogeochemical Surveys Why Biogeochem? • Appropriate method to acquire indication of bedrock metal composition in poorly developed mobile soils • Sampling of living vegetation effectively samples the metals taken up by plants from multiple soil horizons and even bedrock • Anomalies generally overlie
Slide 11: Tree Topping Sampling Method
Tree Topping Sampling Method 150 km² of Cost Effective Target Prioritization • A helicopter toes into a treetop, typically the tallest tree in the stand • Larger trees preferred for up-taking elements from the largest soil profile as well as safety • The sampler removes twigs or branches from the cr
Slide 12: Laterally Extensive Geochemical Cu Targets
Laterally Extensive Geochemical Cu Targets Associated with known occurrences of copper mineralization in bedrock (Fannon Block) 1994 Drilling at Flag Lake intersected 10.82m @ 0.24% Cu and 7.4m @ 0.47% Cu. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q1 2021
Slide 13: Laterally Extensive Geochemical Cu Targets
Laterally Extensive Geochemical Cu Targets Over known Cu occurrence and peripheral to Sediment Hosted Zinc Occurrences (Porcupine Block) Drilling at Fable Lake intersected 17.0m @ 2.84% Zn and 4.0 m @ 7.18% Zn. Tosi Showing - Grabs up to 4.5% Cu and 13.1 g/t Ag INVEST IN TOMORROW, TODAY. XTM – TSXV
Slide 14: Results from 2020 Field Bedrock Sampling
WOLLASTON COPPER PROJECT Results from 2020 Field Bedrock Sampling Accessible historic showing areas visited and grab sampled: • 0.47% Cu at the Fannon Lake showing and 0.43% Cu at the Flag Lake showing 1.5 km north of Fannon • 0.44% Cu at the Tosi showing located 25 km southwest of Fannon Lake • 0.9
Slide 15: Next Steps – Plans for 2021
WOLLASTON COPPER PROJECT Next Steps – Plans for 2021 Geophysics • Re-process high resolution airborne data in the Porcupine/Tosi Showing area • Fly north block More Detailed Mapping and Sampling • Ground truth geology, geochem and geophysical target areas Drilling • Highlight areas for ground geophy
Slide 16: Why Copper in Saskatchewan?
WHY COPPER IN SASKATCHEWAN? Best Mining Jurisdiction in Canada Best Mining Jurisdiction in Canada • Fundamental demand for copper expected to increase as EV market grows • Lack of investment in exploration for new copper deposits expected to exacerbate supply gap • Copper production grades dropping
Slide 17: Scott McLean P.Geo.
Scott McLean P.Geo. CEO & Co-founder smclean@transitionmetalscorp.com #5 - 410 Falconbridge Road Sudbury ON P3A 4S4 Telephone: 705-669-0590 INVEST IN TOMORROW, TODAY. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018 XTM – TSXV | Q1 2021 17