Stillwater Critical Minerals Corp · TSXV:PGE

Stillwater Critical Minerals — Investor Presentation (September 2022)

34 slides from Stillwater Critical Minerals's investor presentation, Sep 15, 2022

  1. Slide 1: September 2022 Corporate Presentation

    TSX.V: PGE | OTC: PGEZF TSX: PGE.V September 2022 1 OTCQB: PGEZF FSE: 5D32

  2. Slide 2: Forward-Looking Information

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Forward-Looking Information This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Stillwater Critical Minerals Corp. (the “Company”, “Stillwater Critical Minerals”, or “SWCM”) with respect to its business

  3. Slide 3: Strategy and Approach to Business

    A Collaboration of Leading Independent Exploration Companies Strategy and Approach to Business LEADERSHIP PROPERTIES ACQUISITIONS TECHNOLOGY VALUE INFRASTUCTURE Highly Identify and Make acquisitions Apply systematic Create long term Existing experienced acquire district- during the lows in explorati

  4. Slide 4: Veteran corporate and technical management

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 • 25+ years executive experience in the exploration, mineral processing, mine environmental industries • Expertise in capital markets, management, exploration operations, negotiations Veteran corporate and MICHAEL ROWLEY • Co-founder of Stillwater Critical Minerals,

  5. Slide 5: Management and technical team

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 MIKE OSTENSON, P.GEO. • 20 years experience in the Stillwater district including former VP Exploration for Premium Exploration and Senior Technical roles for Beartooth Platinum, Stillwater Mining Co. and AngloGold Managing Geologist, Qualified Person JUSTIN MODROO,

  6. Slide 6: Industry Partners and Advisors

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 CRAIG BOW, PH.D. • 40+ years experience in global exploration, mine geology, and project management, including exploration of the J-M Reef and advancement of the initial Stillwater Pd-Pt mine to production Senior Geological Advisor • Recognized expert on global PGE-

  7. Slide 7: Flagship Projects Overview

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 KLUANE PGE-NI-CU PROJECT Adjoins Nickel Creek Platinum • District-scale assets • Adjacent to world-class mines/deposits DRAYTON-BLACK LAKE PROJECT • 100% ownership on all projects Adjoins Treasury Metals Earn-in Agreement with Heritage Mining • Substantial databases

  8. Slide 8: NI 43-101 Mineral Resource Estimate - October 2021

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 NI 43-101 Mineral Resource Estimate - October 2021 BASE CASE: 0.20% NiEq cut-off (equals 0.53 g/t PdEq)* Lower Grade Total: 157 Mt at 0.45% NiEq (or 1.20 g/t PdEq) for contained metal of: 1.1 Blbs battery metals 694 Mlbs Nickel AND 758 Koz Platinum AND 303 Koz Gold

  9. Slide 9: Attractive 'Internally Hedged' Blend of Commodities

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Attractive ‘Internally Hedged’ Blend of Commodities Platinum Group Elements (PGEs) Stillwater West Commodities by Value1 Gross value and contained metal at 0.20% NiEq cut-off per Oct 2021 Resource Estimate2 OBJECTIVE Rhodium, 5.3% To become a primary US- Platinum, 5

  10. Slide 10: Nickel Demand Drivers

    TSX-V: OTCQB: FSE: NICKEL DEMAND DRIVERS PGE PGEZF 5D32 Electric Vehicles Creating New Demand Listed as a ‘critical mineral’ by the US Interior Department, with the objective of advancing domestic supplies 2030 projected nickel demand of 1.3 Nickel will make up to 80% of New supply will be required

  11. Slide 11: Demand Imbalance Driving PGM Bull Market

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Demand Imbalance Driving PGM Bull Market Listed as ‘critical minerals’ by the US Interior Department, with the objective of advancing domestic supplies PLATINUM 2020 Platinum Demand 6.9Moz PALLADIUM 2020 Palladium Demand 9.9Moz ▪ World production dominated by South

  12. Slide 12: Electrification Is Driving Demand

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Electrification Is Driving Demand 5x more copper is needed in electric CRU forecasts cobalt demand from Acceleration in green electrification vehicles than in ICE vehicles; by the electric vehicles to account for more than trends projected to drive strongest end of d

  13. Slide 13: Deglobalization, climate change, and electrification driving demand

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Deglobalization, climate change, and electrification are driving demand for metals • Deglobalization is driving new demand for commodities as the US rapidly expands domestic manufacturing. • Climate change is also driving demand for commodities as countries recogniz

  14. Slide 14: Montana - Resource Industries

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Montana - Resource Industries ALBERTA Long history of mineral wealth: • Oil, gas, coal, and mining are major revenues for the state • 1852 gold rush • Dominant North American copper producer by WWI Hog Heaven (Ag, Au, Cu, Pb, Zn) • Large-scale copper mining and Ivan

  15. Slide 15: A rich history of critical mineral production

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 A rich history of critical mineral production STILLWATER MINE (Sibanye-Stillwater) • 1880s – High-grade Ni, Cu mining • 1940s/50s – High-grade Cr production • Starting 1986 – Production of high-grade Pt, Pd, other metals from select underground mining • 2021 – Inaug

  16. Slide 16: District – Mines, Infrastructure and Land Status

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 District – Mines, Infrastructure and Land Status Montana, USA 100% STILLWATER WEST owned • Acquired 2017-2021 Large 61 km2 • Reef and Platreef-style targets, also high-grade gold Smelter, Refinery & Recycling claim block • Five Platreef-style PGE-Ni-Cu-Co + Au depos

  17. Slide 17: Target Schematic

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 LAYERED MAGMATIC COMPLEX (8KM THICK X 40KM LONG) Target SWCM SIBANYE-STILLWATER SWCM km Schematic 0 HGR South Section & CZ Hybrid North Geologic 1 Current Mining Operations (up to 2.2 km Models 2021 DEPOSITS depth) Picket Pin Reef (SWCM) LOWER BANDED 2 Simplified SE

  18. Slide 18: Stillwater and Bushveld Comparison

    TSX-V: OTCQB: FSE: STILLWATER AND BUSHVELD PGE PGEZF 5D32 COMPARISON Comparative Mineralization Type West & East Limbs Stillwater North Limb Bushveld High-Grade Reef Deposits Stratigraphy • Merensky Reef (Sibanye, Anglo and others) Bushveld Complex Complex Complex 6 km and Main PGE • J-M Reef (Siban

  19. Slide 19: Five Deposits Across 12km Core Area

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 2021 Mineral Resource Estimate with 3D Model of Combined 2020 & 2021 IP Geophysical Survey Results Five Deposits Across 12km Core Area Chargeability anomaly at ≥45 mV/V cut-off Conductivity anomaly at ≤100 ohm-meter cut-off East Boulder Mine Area NI43-101 deposit at

  20. Slide 20: Expansion Drill Results in the DR/Hybrid Deposit Area, Chrome Mountain

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Expansion Drill Results in the DR/Hybrid Deposit Area, Chrome Mountain PLAN VIEW CM2020-04: CM2021-05: 455m @ 0.24% NiEq (0.65 g/t PdEq) including 401m @ 0.30% NiEq (0.80 g/t PdEq) including 8.5m @ 1.74% NiEq (4.65 g/t PdEq) 13.2m @ 3.33% NiEq (8.88 g/t PdEq) CM2021

  21. Slide 21: Expansion Drill Results in the CZ Deposit Area, Iron Mountain

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Expansion Drill Results in the CZ Deposit Area, Iron Mountain • Two step-out holes were drilled in the CZ deposit area as part of the 14-hole 2021 expansion campaign IM2008-03 • Results demonstrate substantial resource expansion potential 355-54 with multiple well-m

  22. Slide 22: Expansion Drill Results in the HGR Deposit Area, Iron Mountain

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Expansion Drill Results in the HGR Deposit Area, Iron Mountain • Six step-out holes were drilled in the HGR deposit area as part of the 14-hole 2021 expansion campaign • Results demonstrate substantial resource expansion PLAN VIEW potential with multiple well-minera

  23. Slide 23: 2021 Expansion Drill Results Over Geophysics

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 DRILL RESULTS 2021 Expansion Drill Results with 2021 Resources Over Geophysics Reported as Total Equivalent Grade-Thickness (Ni and Pd) Full 3E Data Base Metal GEOLOGIC BOUNDARIES: NiEq %-m Data Only Data Only PdEq g-m BAN <5 < 12.5 BAN – Banded Series BZ – Bronziti

  24. Slide 24: Expansion Drill Results Over Soil Anomalies

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 2021 Expansion Drill Results with 2021 Resources Over Multi-Kilometer-Scale Metals-in-Soil Anomalies Palladium-Platinum-Gold SOIL GEOCHEMISTRY BAN Pt + Pd + Au (ppb) Palladium-Platinum-Gold in Soil >200 75 – 200 50 – 75 25 – 50 BAN BZ 15 – 25 HGR 5 – 15 Block Model

  25. Slide 25: 2021 Resources With Sensitivity Analysis Over Geology

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 DRILL RESULTS 2021 Resources With Sensitivity Analysis Over Geology Reported as Total Equivalent Grade-Thickness (Ni and Pd) Full 3E Data Base Metal NiEq %-m Data Only Data Only PdEq g-m <5 < 12.5 5 – 10 12.5 – 25 10 - 15 25 - 37.5 15 - 20 37.5 - 50 > 20 > 50 HGR 20

  26. Slide 26: District Scale System

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 District Scale System DRILL RESULTS Reported as Total Equivalent Grade-Thickness (Ni and Pd) Full 3E Data Base Metal Fugro DIGHEM EM Survey (Conductivity) 56kHz Apparent Resistivity NiEq %-m Data Only Data Only PdEq g-m (ohm-meters) <5 < 12.5 <75 Conductance 5 – 10

  27. Slide 27: Soil Geochemistry

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Soil Geochemistry PRECIOUS METALS (Pt, Pd, Au) SOIL GEOCHEMISTRY 2019 survey Highly anomalous precious Pt + Pd + Au (ppb) 2006 survey and base metal values cover >200 25km strike in lower Stillwater 75 – 200 50 – 75 BAN stratigraphy 25 – 50 15 – 25 HGR Hybrid BZ 5 –

  28. Slide 28: Kilometer-Scale Magmatic Targets in a Famously Metal-Rich District

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Kilometer-Scale Magmatic Targets in a Famously Metal-Rich District J-M Reef Deposit (Sibanye-Stillwater) MVI Susceptibility Chrome Wild West Mountain Iron CZ Mountain Magmatic Targets Crescent Magmatic Targets 2 km depth Long-section through Stillwater West Magnetic

  29. Slide 29: Progress and Next Steps

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Progress and Next Steps 2020 • Chrome Mountain drill program • IP survey and 3D model over core 9.2km area • Drill-defined Platreef-style mineralization modeled in four target areas 2019 • Discovery of four new multi-kilometre-scale soil anomalies • High-grade gold

  30. Slide 30: Relative Share Performance and Capitalization

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 & Relative Share Performance PGE.V – STILLWATER CRITICAL MINERALS Visibility to over $6M: • Approx. $3M cash • ~$3M in-the-money warrants and options JJNTF - Nickel ETF PALL – Palladium ETF Other value: PGE.V 200-day MA • 2.8M Heritage Mining PPLT – Platinum ETF CDN

  31. Slide 31: Earn-In Deal With Heritage Mining on High-Grade Gold Project

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Earn-In Deal With Heritage Mining on High-Grade Gold Project in Active Rainy River District OVERVIEW • 142 km2 land package adjoining Treasury Metals’ recently consolidated +3Moz Goliath Gold Complex Stillwater Critical Minerals • 30km of underexplored Archean green

  32. Slide 32: Premier land position in an emerging Canadian PGE-Ni-Cu district

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Premier land position in an emerging, world-class Canadian PGE-Ni-Cu district OVERVIEW • Kluane Mafic-Ultramafic belt extends 600 km from northern British Columbia to central Alaska and hosts known PGE-Ni-Cu deposits Kluane PGE-Ni-Cu Projects STILLWATER CRITICAL MIN

  33. Slide 33: Stillwater West Project Company Exploration Potential

    TSX-V: OTCQB: FSE: PGE PGEZF 5D32 Stillwater West Project Company • NI 43-101-compliant mineral resource estimate of • Timing - Growth stage company 1.1Blbs Ni, Cu, and Co, plus 2.4Moz Pd, Pt, Rh and Au* • People - Veteran management and technical teams • District-scale asset, 100% owned • Permitted

  34. Slide 34: Stillwater Critical Minerals Corp.

    Stillwater Critical Minerals Corp. Suite 904 - 409 Granville Street Vancouver, BC, Canada, V6C 1T2 Email: info@criticalminerals.com Tel: 604.357.4790 Toll Free: 888.432.0075 www.criticalminerals.com @Stillwater_CM TSX: PGE.V | OTCQB: PGEZF | FSE: 5D32 TSX: PGE.V 34 OTCQB: PGEZF FSE: 5D32

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