Fireweed Metals Corp. · TSXV:FWZ
Fireweed Metals — Investor Presentation (March 2023)
25 slides from Fireweed Metals's investor presentation, Mar 30, 2023
Slide 1: Critical Metals for Present and Future Generations
TSX-V: FWZ OTCQB: FWEDF FSE: 20F CRITICAL METALS FOR PRESENT AND FUTURE GENERATIONS FireweedMetals.com Proud Member of Corporate Presentation - March 2023 1
Slide 2: Cautionary Statements
Cautionary Statements PEA Cautionary Note Readers are cautioned that the PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reser
Slide 3: Explore, Discover, Develop
ELEMENTAL |p ALTUS DISCOV=RY A see .) EXPLORE*+ DISCOVER+DEVELOP jae
Slide 4: About Fireweed Metals
About Fireweed Metals (Formerly Fireweed Zinc) Fireweed is a Canadian mineral development company focused on sustainably exploring and developing critical metals projects while creating value for our shareholders, partners, and stakeholders. Our Vision Fireweed’s vision is to sustainably explore and
Slide 5: Our Values
Our Values Respect Integrity People Partnerships Honesty Inclusivity Progressive Transparency Collaboration Environmental Stewardship Accountability Health & Safety Social Stewardship Value Creation 5 TSX-V: FWZ | FireweedMetals.com 5
Slide 6: Why Critical Metals? Why Fireweed?
Upcoming bull market Massive global stimulus Recent crisis has highlighted Fiscal stimulus will focus on Why Critical Metals? fragility in critical base metals infrastructure bullish for zinc market Why Fireweed? Big names already Robust projects paying attention Macpass and Mactung have Teck, Ibaer
Slide 7: Board of Directors
Board of Directors George Gorzynski VP Exploration, Impact Silver Brandon Macdonald CEO & Director Adrian Rothwell ● Chairman, Commander Resources Ltd. ● Ex. Macquarie Bank CEO, Angold Resources ● BSc. Geology, UBC and MBA, Oxford University ● Long history of work in Yukon Marcus Chalk Principal, Ge
Slide 8: Capital Structure As of March 10, 2023
Capital Structure As of March 10, 2023 Management Shares Outstanding 135,191,999 10% Teck 22% Shares Issuable Under 8.4% Stock Option Plan 7,167,000 Other Performance Shares 3,700,000 Childress 11.2% Family Lundin Agents Warrants 711,104 Holding 18.7% Investor Warrants 3,554,670 7.3% Close Ibaera Fu
Slide 9: Regional Location & Infrastructure
Regional Location & Infrastructure Gayna River New Zinc exploration project with Macmillan Pass intriguing potential and significant mineralization & Mactung YUKON Over 977-sq-km land package The project is accessible via existing Railhead 3km road and highway NORTHWEST TERRITORIES Ross River Whiteh
Slide 10: Macmillan Pass Overview
Macmillan Pass Overview We respectfully acknowledge that the Macmillan Pass project is located on the asserted territories of The Kaska Dena Nation The First Nation of Na-Cho Nyak Dun. 10 TSX-V: FWZ | FireweedMetals.com 10
Slide 11: TSX-V: FWZ | FireweedMetals.com
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Slide 12: 2018 Resource Update & PEA
2018 Resource Update & PEA Resource Estimate Preliminary Economic Assessment Mt Zn Pb Ag ZnEq Indicated 24% C$448M C$404M 11.2 6.59% 2.48% 21.33 g/t 9.61% After-tax IRR After-tax NPV8 Initial CAPEX Inferred 39.5 5.84% 3.14% 38.15 g/t 10% Zinc Lead Silver 18 yrs 32.7 MT *Using US$1.21/lb Zn, $0.98/lb
Slide 13: TSX-V: FWZ | FireweedMetals.com
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Slide 14: Why Boundary Zone is important?
Why Boundary Zone is important? Great results • NB19-002: 230 m of 4.51% Zn from surface, including 100 m of 8.73% Zn, with 6.4m of 43.5% Zn • NB20-002: 213 m of 4.42% Zn, including 25.58% Zn over 5.81 m • NB21-002: 32.99 m of 9.91% Zn and 10,42 m of 23.77% Zn NB22-002 124.5 m of 12.3% Zn, 1.3% Pb,
Slide 15: Exploration Targets
Exploration Targets 15 TSX-V: FWZ | FireweedMetals.com 15
Slide 16: Blueprint for Value Creation = More NPV
Blueprint for Value Creation 2018 PEA establishes Base Case, then add Gov’t Road Resource 1 Funding 2 Engineering 3 Expansion "$71M commitment on Engineering optimizations Resource expansion at both road funding reduces up- increase pit size at Tom using Tom & Jason improves mine front CAPEX new Geo
Slide 17: Mactung Overview
Mactung Overview We respectfully acknowledge that the Mactung project is located on the asserted territories of The Kaska Dena Nation, and The First Nation of Na-Cho Nyak Dun and, the Sahtu Settlement Area. 17 TSX-V: FWZ | FireweedMetals.com 17
Slide 18: Mactung Location
Mactung Location 18 TSX-V: FWZ | FireweedMetals.com 18
Slide 19: Why Tungsten?
Why Tungsten? CRITICAL METAL Tungsten is a critical metal as now listed by Canada, the USA, and the EU, with extreme physical characteristics necessary for many industries CHINA MARKET DOMINATION China controls both the resource and production side of the Tungsten market, creating risks to the west
Slide 20: Mactung Historic Relative Resource Size
Mactung Historic Relative Resource Size Mactung is one of the largest, highest-grade undeveloped Tungsten deposits in the world. Combined, these two projects could be even more than the sum of their parts. Million Mactung WO3 % Tonnes 3 Indicated 33.03 0.88 Inferred 11.8 0.78 TSX-V: FWZ | FireweedMe
Slide 21: Gayna River Overview
Gayna River Overview We respectfully acknowledge that the Gayna River project is located within Sahtu and Gwich’in Settlement Areas, and The First Nation of Na-Cho Nyak Dun asserted territory. 21 TSX-V: FWZ | FireweedMetals.com 21
Slide 22: Introduction
Introduction • Located in Mackenzie Mountains, NWT, Canada and 180 km West of Norman Wells, NWT, 180 km north of the Macmillan Pass project, Yukon • Highly underexplored area • Platform equivalent rocks to the prolific Selwyn Basin (Tom and Jason) • Well-renowned but forgotten zinc district • Inc
Slide 23: History
History 1970s o Rio Tinto drilled >28,000 m o Exploration Target1 of 30-50 Mt 4.0-4.5% Zn 0.0-0.5% Pb 1980s o Rio let claims lapse, believing low potential for high-grade 1999 o Re-staked by Eagle Plains 2007 o Strategic Alliance with Teck 2018 o Claims lapsed 2018 o Academic research likens Gayna R
Slide 24: 2022 Exploration Update
2022 Exploration Update • High-grade rock samples confirmed the presence of massive sulphide mineralization that also contains elevated gallium and germanium (all 8 grab samples graded better than 7% zinc, including one at 51% zinc; one of these samples also graded 74% lead). • Soil samples confirme
Slide 25: Thank you!
Proud Member of Thank you! Please visit us online at fireweedmetals.com and follow for updates. Brandon Macdonald Head Office CEO & Director TSX-V: FWZ 1020 - 800 West Pender St. OTCQB: FWEDF +1 (604) 646-8360 Vancouver, BC brandon@fireweedmetals.com FSE: 20F V6C-2V6 25