Mcfarlane Lake Mining Limited · CSE:MLM
Mcfarlane Lake Mining — Investor Presentation (May 2023)
37 slides from Mcfarlane Lake Mining's investor presentation, May 2023
Slide 1: McFarlane Lake Mining May 2023
MCFARLANE LAKE MINING MAY 2023
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation of McFarlane Lake Mining Incorporated (the “Company” or “McFarlane Lake”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or s
Slide 3: Property Locations
PROPERTY LOCATIONS HIGH LAKE, ONTARIO (30km to Kenora) Ni 43-101 compliant resource – 96,400 oz inferred resource at a gold grade of 10.43 g/t and an indicated resource of 45,800 at a grade of 9.38 g/t WEST HAWK LAKE, MANITOBA Historical resource of 457k tonnes @ 13.9 g/t Au, 204k Oz MCMILLAN MINE,
Slide 4: Why Is This Gold Story Different Than Our Peers
➢One of the highest grade gold mineral resources in Canada WHY IS THIS ➢10.43 g/t and 9.38 g/t gold resulting in 96,400 oz of inferred and 45,800 indicated resources respectfully GOLD ➢“We Just Started Drilling” → Who gets these results so early? STORY ➢ High Potential to expand existing resources ➢
Slide 5: Peer Group Comparison – Gold Grade (g/t)
Peer Group Comparison – Gold Grade (g/t) Canadian Explorers 10.07 7.32 5.67 3.04 1.75 1.86 1.13 1.14 0.62 0.80 Banyan Mayfair Tudor Cassiar Westhaven White Gold Wallbridge Bonterra Auteco McFarlane Lake notes: Source data from S&P Capital IQ and Technical reports on SEDAR May 15, 2023; McFarland Lak
Slide 6: Peer Group Comparison – EV/MI&I
Peer Group Comparison – EV/MI&I Enterprise value per ounce of Measured, Indicated and Inferred Resource – C$EV/ozAu MI&I $35 $30 $27 $26 $23 $20 $16 $16 $13 $7 Bonterra Tudor Wallbridge Banyan White Gold Cassiar Westhaven McFarlane Auteco Mayfair Lake notes: Source data from S&P Capital IQ and Techn
Slide 7: Market Cap vs MI&I (Moz)
Peer Group Comparison Market Cap ($M) vs MI&I (Moz) $400 25.00 And this is a poor $350 $337 equity market 20.00 $300 $250 15.00 Moz $200 M$ $166 $145 10.00 $150 $114 $100 $75 $63 5.00 $37 $46 $47 $50 $14 - - Cap. (M$) MI&I (Moz) notes: Source data from S&P Capital IQ and Technical reports on SEDAR,
Slide 8: High Lake & West Hawk Lake
PROPERTIES: HIGH LAKE & WEST HAWK LAKE HIGH LAKE WEST HAWK LAKE OPTIONED FROM CANADIAN STAR MINERALS LIMITED West Hawk Lake Manitoba Ontario West Hawk Lake The properties are along the Trans Canada Property Highway straddling the Manitoba / Ontario Hwy 17 border, approximately 35km west of Kenora Hw
Slide 9: 2022/23 Highlights
• Successful completion of +3000 m drill program on West Hawk Lake • Approved for trading on the OTCQB (U.S.). • High Lake exploration program competed 10,438 m of drilling and an induced polarization survey in February 2023. 2022/23 Discovered world class intersections of gold HIGHLIGHTS mineraliza
Slide 10: Recent Announcements - High Lake Property
May 2023 RECENT ANNOUNCEMENTS- HIGH LAKE PROPERTY Visible • March 6, 2023 Gold • Gold Intersection of 9.2 g/t gold over 26.4 meters approximately 280 meters from surface (Junior Mining Hub 2nd ranking in intercepts March) • February 28, 2023 • Within 15 meters of surface, intersected 6.14 g/t gold o
Slide 11: Recent Announcements - High Lake Property
RECENT ANNOUNCEMENTS- HIGH LAKE PROPERTY • January 26, 2023 Visible • Gold Intersection of 13.52 g/t gold over 6.5 meters , 229 m from Gold surface • January 9, 2023 • Gold Intersection of 24.96 grams per tonne of gold over 14.9 metres, 325 m from surface (Junior Mining Hub top 3 weekly intercepts)
Slide 12: High Lake Indicated and Inferred Resource
PROPERTIES: HIGH LAKE HIGH LAKE Indicated and Inferred Resource Announced May 23, 2023 Mineral Resource Wireframes and Drill Holes (looking northeast) The Mineral Resource Estimate was independently prepared by P&E Mining Consultants Inc in accordance with National Instrument 43-101. Most of the est
Slide 13: High Lake Potential for Open Pit
PROPERTIES: HIGH LAKE HIGH LAKE Potential for Open Pit The mineralized zone on the Purdex Zone extends to surface and there may be an opportunity to mine these Mineral Resources early in a development project through an open pit. P&E has reviewed two potential pit options and subsets of the Mineral
Slide 14: Longitudinal Looking North – Au Grade
PROPERTIES: HIGH LAKE LONGITUDINAL LOOKING NORTH – AU GRADE W ZONE P ZONE R ZONE PURDEX ZONE W E 0m Historical Resources Archean deposits of similar style -100m Have explored a small show long plunge lengths relative to portion of High Lake thus far their strike length indicating good Resource Expan
Slide 15: High Lake Geophysics Data
PROPERTIES: HIGH LAKE HIGH LAKE GEOPHYSICS DATA The report identifies five priority targets; 1. Purdex East, 2. Conglomerate, 3. A-D Extension, 4. Porphyry and 5. Gap. May 2023 McFarlane Lake Mining Limited
Slide 16: High Lake Geophysics Data
PROPERTIES: HIGH LAKE HIGH LAKE GEOPHYSICS DATA IP surveying shows an increasing chargeability trend east of the Purdex Zone where no drilling has been done, are similar to where we hit high grade gold mineralization. The geology transitions to a Recent conglomerate Zone to the West of Drilling Purd
Slide 17: High Lake Geophysics Data
PROPERTIES: HIGH LAKE HIGH LAKE GEOPHYSICS DATA Historical intercepts 54.89gpt/6.7m IP surveying has identified three areas on 23.11gpt/3.8m the western grid as priority targets Gap – untested area between the W and R zone displaying moderate chargeability A-D Extension – moderate to high chargeabil
Slide 18: New Claims Acquired
PROPERTIES: HIGH LAKE NEW CLAIMS ACQUIRED McFarlane acquired fourteen new claims at its High Lake property 7 purchased and 7 staked. The acquisition significantly expands the exploration property at High Lake from 341.49 hectares to 584.43 hectares. The new claims allow McFarlane to follow the Purde
Slide 19: West Hawk Lake
PROPERTIES: HIGH LAKE & WEST HAWK LAKE WEST HAWK LAKE 3,068M DRILLING COMPLETED IN MARCH, 2022 WEST HAWK LAKE DRILLING PLAN VIEW 2022 Drilling Highlights of Waverly Raise Zone: • MLWH-22-01 intersected two zones, 22.17g/t gold over 1.27m including 49.4g/t gold over 0.55m, and 9.85g/t gold over 1.62m
Slide 20: McMillan / Mongowin
PROPERTIES: MCMILLAN / MONGOWIN MCMILLAN / MONGOWIN Located in Northeastern Ontario, 70 km MONGOWIN PROPERTY southwest of Sudbury McFarlane Lake acquired by staking April 2022 The McMillan Property is comprised of 12 mining claims totaling 268 hectares. The Mongowin Property is comprised of 122 mini
Slide 21: Gold Country – Michaud / Munro
PROPERTIES: MICHAUD / MUNRO GOLD COUNTRY Numerous past and current Gold HEDMAN producers. Past Copper, Zinc POTTERDOAL producers in the local area. MUNRO Ultramafic and Mafic Volcanic rocks of the Kidd-Munroe assemblage host to 4 POTTER VMS-producing mines, Kidd Creek MUNROE mine 80km to the east, a
Slide 22: McFarlane Lake Capital Structure
CORPORATE HIGHLIGHTS MCFARLANE LAKE CAPITAL STRUCTURE As at April 25, 2023 Shares Outstanding 113,183,845 Warrants 16,521,247* Insiders 28.3% Options 9,650,000 Fully Diluted 139,355,092 Retail & Other 71.7% Market Capitalization $13 M to $15 M Warrant Grant Date Expiration Number of Warrants Outstan
Slide 23: Summary - Path Forward Exploration
McFarlane Lake Mining Limited SUMMARY - PATH FORWARD EXPLORATION High Lake • 2023 Exploration program: • Mineral Resources have been released (May 23/2023) for High Lake, Report to be released in next 45 days - • Target another 10,000 meter drilling program • Drilling indicates gold mineralization i
Slide 24: Questions
McFarlane Lake Mining Limited W ZONE P ZONE R ZONE PURDEX ZONE W E 0m Historical Resources -100m Have explored a small portion of High Lake thus far Resource Expansion -500m QUESTIONS -1000m May 2023
Slide 25: Appendix
Appendix May 2023 McFarlane Lake Mining Limited
Slide 26: Historical Resources Summary
PROPERTIES: HIGH LAKE & WEST HAWK LAKE HISTORICAL RESOURCES SUMMARY *NON 43-101 COMPLIANT The resource estimates were calculated down to HISTORICAL RESOURCES ~100 metres in the early to late 1980’s and used resource categories that are inconsistent with those DATE OF set forth by NI 43-101 Standards
Slide 27: Peer Group Comparison – Market Cap / Oz
Peer Group Comparison – Market Cap / Oz $/Ounce MI&I 49.3 41.7 39.2 33.6 33.6 29.9 26.8 25.2 17.7 12.3 Bonterra Tudor Banyan Wallbridge White Gold Auteco Cassiar McFarlane Westhaven Mayfair Lake note: McFarland Lake Mining numbers are based on a mix of compliant and non-compliant historical resource
Slide 28: Regional Geology
PROPERTIES: HIGH LAKE & WEST HAWK LAKE REGIONAL GEOLOGY The geological setting on the High Lake and West Hawk Lake properties are consistent with most significant gold camps in Ontario. The property is underlain by metavolcanic/metasediment rocks of Archean Age intruded by younger intrusives, Goliat
Slide 29: Purdex Zone – Section
PROPERTIES: HIGH LAKE PURDEX ZONE – SECTION 9.84/10.0 NE SW 0m 43.54/2.29 Purdex Zone has only been tested to a 11.66/3.47 depth of 100m and has a significant exploration potential at depth. This zone is 11.66/7.01 currently the priority for future exploration. 5.49/3.96 Multiple Zones within quartz
Slide 30: High Lake Significant Intersections
PROPERTIES: HIGH LAKE HIGH LAKE 10,438M DRILLING COMPLETED BY END OF FEBRUARY 2023 Significant Intersections Gold Hole ID From Metres To metres Length metres grams/tonne MLHL-22-02 65.00 66.00 1.00 10.70 MLHL-22-04 187.00 188.45 1.45 32.58 MLHL-22-05 242.51 250.00 7.49 4.95 MLHL-22-05 267.45 273.83
Slide 31: High Lake Early Geophysics Data
PROPERTIES: HIGH LAKE HIGH LAKE EARLY GEOPHYSICS DATA Anomalies to the east of the Purdex Historical intercepts Zone, where no drilling has been done, Current intercepts are similar to where we hit high grade Electrum Lake gold mineralization. D ZONE PURDEX ZONE Similar geophysical data shows good P
Slide 32: High Lake Diamond Drilling
PROPERTIES: HIGH LAKE HIGH LAKE Diamond Drilling Completed 46 holes totaling 10,438 metres of the 8 to 10,000 metre drill program. Drilling was completed to confirm and expand known mineralization in the Purdex Zone. Target compliant resources ~150k ounces with a total Spend = $2.5 M to $3.00 M. May
Slide 33: High Lake Significant Intersections
PROPERTIES: HIGH LAKE HIGH LAKE 10,438M DRILLING COMPLETED BY END OF FEBRUARY 2023 Significant Intersections Gold Hole ID From Metres To metres Length metres grams/tonne MLHL-22-02 65.00 66.00 1.00 10.70 MLHL-22-04 187.00 188.45 1.45 32.58 MLHL-22-05 242.51 250.00 7.49 4.95 MLHL-22-05 267.45 273.83
Slide 34: West Hawk Lake Long Section
PROPERTIES: WEST HAWK LAKE WEST HAWK LAKE WEST HAWK LAKE LONG SECTION WAVERLY RIASE ZONE May 2023 McFarlane Lake Mining Limited
Slide 35: Proven Management Team
WHY INVEST? PROVEN MANAGEMENT TEAM MCFARLANE LAKE MINING IS LED BY A MANAGEMENT TEAM WITH EXPERIENCE Mark Trevisiol Roger Emdin P.Eng Chuck Lilly Robert Kusins President, CEO, Chair of Board COO, Director CFO, Secretary, Director Vice President Geology Over 30 years of experience in mining and 30+ y
Slide 36: Experienced Board
WHY INVEST? EXPERIENCED BOARD MARK TREVISIOL, CHAIR (CEO), CHARLES LILLY (CFO) AND ROGER EMDIN (COO) SERVE AS DIRECTORS. THE REMAINING DIRECTORS ARE; Perry Dellelce Amanda Fullerton Deborah Battiston Director Director Director Mr. Dellelce is a founder and the managing Ms. Fullerton has been the Vic
Slide 37: Experienced Board
WHY INVEST? EXPERIENCED BOARD MARK TREVISIOL, CHAIR (CEO), CHARLES LILLY (CFO) AND ROGER EMDIN (COO) SERVE AS DIRECTORS. THE REMAINING DIRECTORS ARE; Fergus Kerr Dario Zulich Director Director Mr. Kerr is a Professional Mining Engineer and is Mr. Zulich is an accomplished entrepreneur and community
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