Honey Badger Silver Inc. · TSXV:TUF
Honey Badger Silver — Investor Presentation (November 2022)
33 slides from Honey Badger Silver's investor presentation, Nov 10, 2022
Slide 1: The new concept in Modern Silver Investing
PREMIER SILVER-FOCUSED GROWTH TSX-V:TUF OTCQB:HBEIF The new concept in HONEY BADGER SILVER INC. MODERN SILVER Investing November 10, 2022 TSX-V:TUF OTCQB:HBEIF HONEY BADGER SILVER INC.
Slide 2: Cautionary Statements
Cautionary Statements The information set forth in this document contains “forward-looking statements”. Statements in this document, which are not purely historical, are forward-looking and include statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the h
Slide 3: Competitive Strategy
Competitive Strategy 1. Build on our growing high-quality asset base in historic producing districts in Chile and Canada [Yukon, Thunder Bay] 2. Aggregate a 3-tiered portfolio of diversified silver assets at various stages of advancement, including royalties and streams utilizing the balance sheets
Slide 4: Leadership Edge
Leadership Edge Industry recognized management with impressive record of value creation and share appreciation ➢ Extensive industry network and technical expertise ▪ Superior deal access and deal flow, monetizing assets ▪ Constant screening and negotiation process ▪ Ability to execute, access to cap
Slide 5: Growing Portfolio of Assets - Canada
Growing Portfolio of Assets - Canada Asset Overview Class Honey Clear LakeBadger has 100% ▪ Historical ownership Inferred Resource ofounces 5.5 million the assets of silver, 1.3Blbs of zinc and 185Mlbs of lead (1)(2) Ounces in the (Yukon) ▪ Potential to confirm and incrementally expand existing reso
Slide 6: Growing Portfolio of Assets - Chile
Growing Portfolio of Assets - Chile Asset Overview Class Honey Cachinal Badger has ▪ 16.3 100% Million ownership Ounces of Indicated andof 2.5the Millionassets Ounces of Inferred Silver Resources 43-101 (Chile ▪ Proximity to Austral Gold’s operating Guanaco Mine and Mill complex, just 16 km to the s
Slide 7: Experienced Leadership Team
Experienced Leadership Team • Over 25 years of experience in finance • Over 10 years experience managing and corporate matters. early-stage exploration projects in • Former CFO at Red Cloud Klondike Canada and abroad Strike Inc. • Expertise in identifying and evaluating • Former CFO at Blue Thunder
Slide 8: Board of Directors
Board of Directors • Chairman of Red Cloud Securities Inc., • BA and B. Sc. in Geology Blue Thunder Mining Inc., Seven Aces Ltd. and Golden Tag Resources Ltd. • Explored in Yukon for the past 50 years • Former CEO of Victoria Gold Corp; former as a partner in Archer, Cathro & Head of Mining Investme
Slide 9: Capital Structure
Capital Structure TSX-V: TUF Trading Symbol OTCQB: HBEIF Share Performance - Jan 2022 to Present Share Price (09-13-2022) C$0.05 US$0.03 Shares Outstanding 177.6M Options 17.5M Warrants 37.8M Fully Diluted Shares 229.2M Market Capitalization (FD) C$11.5M Current Cash $1.2M 10 TSX-V:TUF OTCQB:HBEIF
Slide 10: Silver – Unique Demand Drivers
Silver – Unique Demand Drivers Silver combines the best of precious metals and base metals → Silver has a distinct dual pricing function1 ➢ Silver is the ultimate green metal ▪ Its critical role in the transition to a low-carbon economy ▪ Renewable energy – Solar panels, wind turbines, EVs ▪ World’s
Slide 11: Silver's Supply-Demand Dynamics
Silver’s Supply-Demand Dynamics Silver Market Supply-Demand vs Net Investment in ETPs Silver Supply in gradual decline: 1,150 350 ▪ In 2021, total global identified silver resources Supply-Demand Millions (oz) ETPs in Millions of Ounces 300 250 grew by only 1%; while reserves dropped by 4% 1,050 200
Slide 12: Silver Demand in Automotive Industry
Silver Demand in Automotive Industry ▪ Silver is critical to the auto industry given its high conductivity that strengthens electrical connections especially in battery EV’s (uses 25-50 g/Ag per vehicle) ▪ Virtually every electrical connection in a vehicle uses silver 55 million ounces of silver are
Slide 13: Cachinal Silver-Gold Project, Chile
Cachinal Silver-Gold Project, Chile • Located in Chile's Antofagasta region (Region II) 40 km east of the Pan American Highway; flat plain at an elevation of around 2,700 metres 16 km north of Austral Gold's operating Guanaco gold-silver mine & mill complex - substantial synergies to advancing Cachi
Slide 14: Clear Lake Property, Yukon
Clear Lake Property, Yukon ▪ Clear Lake hosts a historical NI 43-101 Inferred Resource prepared by SRK for Copper Ridge Exploration in 2010 → 5.5Moz of silver, 1.3Blbs of zinc and 185Mlbs of lead(1)(2) Tonnes Ag Zn Pb Ag Zn Pb Millions (g/t) (%) (%) (Moz) (Mlbs) (Mlbs) 7.76 22g/t Ag 7.6% 1.08% 5.5 1
Slide 15: Plata Property, Yukon
Plata Property, Yukon ▪ 5,690 hectares in east-central Yukon within the Selwyn Basin ▪ Dozens of showings identified from past exploration ▪ Very high-grade silver, gold, lead and zinc values returned from: ➢ Type 1 Veins: Commonly grade between 1700 and 10,000 g/t silver with 30% to 70% lead ➢ Type
Slide 16: Plata Property, Yukon (Continued)
Plata Property, Yukon (Continued) Assays received confirm presence of Keno Hill-style high-grade silver Type-1 Mineralization: ▪ P1 Zone: 16,887 g/t silver and 67.99% lead from rock sample (float) ▪ P2 Zone: 4,300 g/t silver, 22.00% zinc and 46.40% lead over 1.0 metre from a channel sample ▪ P26 Zon
Slide 17: Groundhog Property, Yukon
Groundhog Property, Yukon ▪ Road accessible – 10 km east of the South Canol Highway and 30 km west of the Ketza Gold Mine in south-central Yukon ▪ Historical work yielded rock samples grading up to 13,028 g/t silver, 85% lead, 4.46 zinc, and 3.73% copper, but never assayed for gold ▪ Widely spaced s
Slide 18: Thunder Bay Silver District, Ontario
Thunder Bay Silver District, Ontario ▪ 100% ownership of 12,852 hectares overlying past-producing high-grade silver mines and prospects ▪ Easily accessible year-round through highways and access roads ▪ Located in an established mining region near grid power, water and skilled labour ▪ Discovery of
Slide 19: A Timely Investment Opportunity
A Timely Investment Opportunity Honey Badger offers a novel modern silver investing approach ▪ Strategic ownership in productive historic silver districts ▪ Considerable untested potential for high-grade silver discoveries ▪ Focused on building a presence in the Americas by leveraging first class re
Slide 20: Appendix
TSX-V:TUF OTCQB:HBEIF APPENDIX
Slide 21: Clear Lake: Notes to Accompany the Inferred Resource
Clear Lake: Notes to Accompany the Clear Lake Inferred Resource 1) Mineral resources are historical in nature, they were estimated by SRK in February 2010 for Copper Ridge Exploration Inc. 2) The Mineral Resources were classified in accordance with definitions provided by the Canadian Institute of M
Slide 22: Plata Property, Yukon: Past Exploration Work
Plata Property, Yukon: Past Exploration Work Previous work focused on potential for narrow, Past producer (1983-84) – 290,000 ounces silver high-grade silver From small-scale, high-grade mining P-4 Zone has seen the most intensive drilling, demonstrating continuous mineralization that remains open i
Slide 23: Plata Property, Yukon: Past Exploration Work (Continued)
Plata Property, Yukon: Past Exploration Work (Continued) P-2 Zone drill results: ➢ 31.86 m of 31.4 g/t silver and 10.25 % zinc; ➢ 9.77m of 22.7 g/t silver and 17.15% zinc; ➢ 2.35m of 453.0 g/t silver and 17.46% zinc; ➢ 2.98m of 857 g/t silver, 33.16% lead and 9.46 % zinc. P-6 Zone drill results: ➢ 1
Slide 24: Plata: 2021 Phase 1 Work Program
Plata: 2021 Phase 1 Work Program ▪ 2021 field program focussed on confirming the high-grade mineralization at the P2, P3, P4 and P6 Zones ▪ Detailed structural and lithologic mapping accompanied channel and chip sampling of several mineralized zones Channel sampling a Type I vein system at P2 Zone ▪
Slide 25: Plata: Honey Badger 2021 Program Highlight Results
Plata: Honey Badger 2021 Program Highlight Results 2021 Highlights – P4 Zone 2021 Highlights – P2 Zone Length Ag Au Length Ag Au Zone Type Pb (%) Zn (%) Zone Type Pb (%) Zn (%) (m) (g/t) (g/t) (m) (g/t) (g/t) P4 Channel 1.45 1546 3.28 5.04 0.09 P2 Channel 2.49 1140 0.07 24.16 16.41 P2 Channel 2.1 20
Slide 26: Plata, an Emerging Keno Hill Analogue
Plata, an Emerging Keno Hill Analogue Keno Hill Silver District and Plata - Key Similarities ✓ Silver associated with hydrothermal fluids related to Mayo Suite intrusions ✓ Proximity to major thrust fault: Robert Service Thrust at Keno Hill and Plata Thrust Fault at Plata ✓ Complex network of faulti
Slide 27: Keno Hill Silver District | Historical Perspective
Keno Hill Silver District | Historical Perspective First mine shaft Historic silver mining camp in the Tintina Gold Belt, 180 km west of Plata on the Hector Claim, 1935, Over 200 million ounces of silver were produced from 1913 to 1989 from over 30 small Mayo Historical Society mines at Keno Hill* V
Slide 28: Keno Hill Silver District | Today
Keno Hill Silver District | Today Today, the Keno Hill Silver District is re- Keno Hill Silver District (2) | Past Mines and Current Resources emerging as Canada’s next producing silver camp Alexco Resource Corp (“Alexco”| TSX: AXU), with its dominant land position in the camp, is ramping up product
Slide 29: World's Top Mines with Most Valuable Ore
World’s Top 10 Mines with Most Valuable Ore Two Top 10 Mines Occur within the Keno Hill Mining District 30 TSX-V:TUF OTCQB:HBEIF
Slide 30: What's Driving Silver?
What’s Driving Silver? Silver climbed almost 50% in 2020 Silver's role as a real asset and monetary metal 12/31/2019 to 12/31/2020 diversifies portfolio risk, hedges inflation and maximizes value. Through the COVID-19 pandemic, silver has proven its value as a safe haven asset in portfolios, rising
Slide 31: What's Driving Silver? (Continued)
What’s Driving Silver? (Continued) Strong Growth in Silver ETFs to Continue At the end of 1H 2021, global silver holdings in ETFs reached an all-time high of 925 Million ounces, equal to 14 months of mine supply, eclipsing the highest annual inflow set back in 2009. Silver’s safe haven role also fun
Slide 32: Silver Demand in Automotive Industry
Silver Demand in Automotive Industry ▪ One Internal Combustion Engine vehicle uses 0.5 - 0.9 ounces of silver ▪ Silver loading in Electric Vehicles and Hybrids ranges from 0.8 to 1.6 ounces Electric Vehicles are expected to capture over 25% of global passenger car sales by 2030 33 TSX-V:TUF OTCQB:HB
Slide 33: Contact Information
CONTACT INFORMATION TSX-V:TUF OTCQB:HBEIF HONEY BADGER SILVER, INC. Investor Relations: Christina Slater, Manager Investors Relations cslater@honeybadgersilver.com (416) 364-2753 Corporate Office: 401 Bay Street, Suite 2704 Box 4, Toronto, Canada M5H 2Y4 www.honeybadgersilver.com ©2021 Honey Badger
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