Hercules Metals Corp · TSXV:BIG
Hercules Metals — Investor Presentation (January 2025)
30 slides from Hercules Metals's investor presentation, Jan 15, 2025
Slide 1: Advancing America's Newest Porphyry Copper Belt
Advancing America’s Newest Porphyry Copper Belt JANUARY TSX-V: BIG | OTCQB: BADEF | FRA: C0X 2025
Slide 2: Forward-Looking Information and Cautionary Notes
Forward-Looking Information Cautionary Notes This presentation contains certain information that may be deemed "forward-looking information" with respect to Qualified Person: Under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Christopher Hercules Metals Co
Slide 3: About Hercules Metals
About Hercules Metals Located in Idaho with Surface Mining Rights 100% owned project with no permitting challenges. Rich silver exploration history with small-scale production, followed by extensive shallow drilling from 1965-1984. Porphyry copper discovery in 2023 intersected 185m of 0.84% Cu, 111
Slide 4: Snapshot
Snapshot Share Performance $2.00 Volume Price 12,000,000 Capital Structure1 8,000,000 $1.00 Issued and Outstanding Shares 253.4 M 4,000,000 Options 5.0 M Warrants2 14.5 M $0.00 - RSUs 2.9 M Jun-23 Nov-23 Apr-24 Aug-24 Jan-25 Fully Diluted 275.8 M Share Price $0.61 Significant Shareholders Market Cap
Slide 5: Our Team
Overview Our Team Track record of multiple high-impact discoveries CEO & DIRECTOR STRATEGIC TECHNICAL ADVISOR TECHNICAL ADVISOR CFO Chris Paul Charlie Greig Dr Tom Henricksen Keith Li Recognized for discovery of the Saddle North porphyry for GT Gold Corp, acquired by Newmont Corporation in 2021. The
Slide 6: Idaho Advantage
Overview Idaho Advantage History of Mining Low Geopolitical Risk Infrastructure Support Low Energy Cost 3 hydroelectric dams 10.35¢ / kWh*, the lowest electrical cost in the country. directly across the Property. *Source: How Much Does Electricity Cost in 2023? | EnergySage Mining played a role in I
Slide 7: Responsible Exploration
ESG Responsible Exploration Hercules Metals seeks to build a positive legacy by delivering value to the community both during and after its operating life in Idaho and by building close ties with the community, government and all its stakeholders. Engagement Hercules hosts town hall meetings to educ
Slide 8: Hercules Project
Overview Hercules Project LOCATION Washington County, Idaho SIZE 9,200 hectares 2.5 hours from Boise Hwy 71 runs through Property ACCESS Local labour and supplies from nearby town of Cambridge and Boise Clean, low-cost hydroelectric power @ $0.10/kWh (lowest in US) INFRASTRUCTURE Local labour and su
Slide 9: Hercules District Staked In All Directions By Majors
Exploration Hercules District Staked In All Directions By Majors • Staking rush by majors - Since Hercules discovery, Barrick, Rio Tinto and other majors have staked dominant land positions signaling the district's potential and setting the stage for future M&A activity • Untapped geological belt -
Slide 10: Hercules History
Overview Hercules History NOW THEN 2021: Hercules Metals Acquires Project 2022: Phase I Exploration 1880 – 1920: Historical mining • Compiled and digitized all historical data • Generated new 3D model • Historical production at the Belmont and other old mines • Soil sampling LATE 1970s - EARLY 1980s
Slide 11: Hercules Soil Sampling
Overview 11 Hercules SOIL SAMPLING – Copper • Multi kilometer copper-in-soil anomaly – up to 3,175 ppm Cu, 30 ppm Mo and 663 ppb Au in soil revealed in 2022 • Associated with altered volcanics and limestone host rocks at surface • The high-grade Big Cut Skarn grades up to 21% copper, 4.5 g/t gold an
Slide 12: Concealed Copper System Below Large Epithermal System at Surface
Phase II: Exploration Concealed Copper System Below Large Epithermal System at Surface Initial 3D IP survey revealed a 1.8km chargeability anomaly below historical drilling Historical drilling (308 holes) focused on a large epithermal silver system at surface, but a new theory and modern geophysical
Slide 13: Leviathan Discovery
HER-23-05 cross-section Phase II: Exploration with interpreted geology, grade bars for copper (orange), molybdenum Leviathan Discovery (blue), and silver (grey) A rare new opportunity for the U.S. • Subsequent drilling has grown the system to significant size with drilling now TSX-V: BIG | OTCQB: BA
Slide 14: Growing Scale and Grade
Phase III: Exploration Growing Scale and Grade Recent drilling continues expanding the system to the north and southeast Large step-out drilling defined a 1.2km x 1.6km mineralized zone with potential for multiple porphyry centers 338m@ 0.47% Cu, 71 ppm Mo 14
Slide 15: Targeting Increasing Grades to the North
Phase III: Exploration Targeting Increasing Grades Grade Creek Target to the North with first recorded increase in mineralization at depth, outside of the late Porphyry 15
Slide 16: Shallower Depths and Higher Grades
Phase III: Exploration Shallower Depths and Higher Grades • New USFS permit allows the much- Eastern Block Target anticipated Eastern Block Zone to be drill tested in 2025 Overlying cover pinches out, exposing a multi- kilometer copper-molybdenum-gold soil anomaly – to be tested in the coming drill
Slide 17: Additional Untested Targets
Exploration 4.5km by 4.5km area to a depth of 850m, property-wide deep- Additional Untested Targets penetrating IP revealed a much larger zoned system Only 20% of the target area tested to date with the system remaining open in all directions - several multi-km scale targets identified for further d
Slide 18: A World Class Opportunity in the Making
A World Class Opportunity in the Making Upcoming Catalysts Systematic exploration underway Additional drilling results from Several multi-km 1 Phase III (Q4 2024 – Q1 2025) to understand geometry and extent chargeability targets of the system remain to be tested Advancing Environmental 2 Assessment
Slide 19: Investor Relations
Investor Relations Head Office Herculesmetals.com info@herculesmetals.com Suite 1600 100 King St. W TSX-V: BIG | OTCQB: BADEF | FRA: C0X +1 (604) 449-6819 1 First Canadian Place Toronto, Ontario M5X 1G5
Slide 20: Appendix
Appendix TSX-V: BIG | OTCQB: BADEF | FRA: C0X
Slide 21: Largest Porphyry Copper Deposits in the U.S.
Porphyry Copper Largest Porphyry Copper Deposits in the U.S. MINE Morenci1 Bingham Canyon2 Bagdad3 Sierrita4 Resolution5 Pebble6 Proposed Underground and Underground and Proposed TYPE Open pit Open pit Underground and Open Pit Open Pit Underground Open Pit LOCATION Arizona Utah Arizona Arizona Arizo
Slide 22: Porphyry Copper Transactions in the USA – Since 2010
Porphyry Copper Transactions in the USA – Since 2010 Very few M&A opportunities in tier 1 jurisdictions involving porphyry copper assets, due to significant lack of new discoveries. The select few that have transacted since 2010 are shown below. Robinson – US$1.7B Morenci – US$1.0B for 13% stake ‐ D
Slide 23: Mineral Project
Overview Mineral Project LOCATION Washington County, Idaho SIZE 87 unpatented mining claims <2.5 hours from Boise ACCESS 14 miles south of Hercules Project along trend Lease agreement with option to own OWNERSHIP 100% Rhyolite-hosted silver mineralization GEOLOGY in the southwest and porphyry copper
Slide 24: Why Copper is a Critical Mineral
Why Copper is a Critical Mineral An Emerging Powerhouse Increasing Demand Energy Supply Copper is now considered the "new oil" due to its role in electric vehicle (EV) batteries and green energy technologies like solar panels and wind turbines and in turn, could see a similar upside in the next thre
Slide 25: Silver and the Green Revolution
Silver and the 01 Solar Panels Green Revolution 02 Automotive Applications 03 5G Cellular Networks TSX-V: BIG | OTCQB: BADEF | FRA: C0X 25
Slide 26: Hercules Historical Drilling
Overview H le e r r er l Hercules including 1980 8 .3 91.44 9.14 8 8. 0. 4 0.8 Historical Drilling including 1980 96.01 99.06 3.0 31 .8 0.04 0. ss ss AN 1980 36. 8 4.68 38.1 144.3 0.13 0.3 including 1980 0. 9 3.34 3.0 48 No Assay No Assay AN 1980 8 .3 9 . 4 1 . 4 1 9 0.0 0.0 including 1980 11 .8 1 6
Slide 27: Silver
Silver Soil Sampling 01 Soil sampling returned 02 Silver-in-soil values range anomalous silver > 5 ppm up to 604 ppm (17.6 oz/t) at over 3.5 kilometers and open the Belmont Zone under cover in both directions 03 Largest and highest-grade 04 Large regions of anomalous soil/coincident IP anomaly at rh
Slide 28: Rock Chip Sampling
Exploration Rock Chip Sampling Plan View Showing Silver and Copper Grades of Rock Chip Samples 28
Slide 29: Historical Silver Mineralization
Historical Silver Mineralization 3D Block Model Generated in 2022 Historical drilling information was collected prior to the enactment of NI 43-101, has not been verified by the Company’s Qualified Person, and should not be relied upon. 29 TSX-V: BIG | OTCQB: BADEF | FRA: C0X
Slide 30: Investor Relations
Investor Relations Head Office Herculesmetals.com info@herculesmetals.com Suite 1600 100 King St. W TSX-V: BIG | OTCQB: BADEF | FRA: C0X +1 (604) 449-6819 1 First Canadian Place Toronto, Ontario M5X 1G5
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