Arras Minerals Corp · TSXV:ARK
Arras Minerals — Investor Presentation (January 2022)
30 slides from Arras Minerals's investor presentation, Jan 12, 2022
Slide 1: Advancing in the Land of Giants
ADVANCING IN THE LAND OF GIANTS November 2021 Kazakhstan’s Next Big Porphyry Discovery
Slide 2: Forward looking statements & disclaimer
Forward looking statements & disclaimer Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources: This presentation uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by,
Slide 3: Investment Case
Investment Case We are advancing a portfolio of copper-gold assets in one of the most mineralogically endowed countries in the world: Kazakhstan. With a ground-floor entry into an under-explored, yet proven porphyry belt As the world shifts that has significant producing mines in the region, we beli
Slide 4: The Opportunity
The Opportunity Stable, mining friendly jurisdiction that understands and encourages mineral development Early mover advantage in a highly prospective but underexplored copper-gold porphyry belt Significant deposit already identified (Beskauga) with objective to expand resource to >1B tonnes Potenti
Slide 5: Beskauga Project
Beskauga Project • Copper-gold porphyry deposit • 2.3 Moz Au, 476 K t Cu (Indicated) + 1.55 Moz Au, 215K t Cu (Inferred) 1 Beskauga • Located in a proven mining country in Kazakhstan2 • Four-year option agreement to acquire 100% of the project • Excellent existing infrastructure • Minimal modern exp
Slide 6: Leadership team
Team with in-country knowledge and deep Leadership team porphyry experience Management Tim Barry Darren Klinck Chris Richards CA, CPA Joshua Hughes CEO & Director President & Director CFO VP Exploration Professional Geologist based in Based in Vancouver. ~20 years experience Based in Vancouver. ~20
Slide 7: Kazakhstan overview
Kazakhstan overview Country at a glance SIZE 9th Largest country in the world (land mass); 18 million population CAPITAL Nur-Sultan - located 300 kilometers on 4-lane paved highway from the Beskauga Project GOVERNMENT Presidential Republic with Parliament and Senate; President Tokayev since 2019 (5
Slide 8: Kazakhstan overview: Open for business
Kazakhstan overview Open for business • Strategically located between Asia and Europe GDP per capita PPP Ease of Doing Business (current international $) • Stable, supportive government undertaking tangible reforms Rank Economy Country (2020) over past five years to encourage foreign investment (and
Slide 9: Kazakhstan overview: Mining powerhouse
Kazakhstan overview Mining powerhouse • Modernized mining code in 2018 based on the Western Australian Mining Law • Competitive Fiscal Terms • 20% Corporate tax + 4.7% royalty on Cu & 5% on precious metals • 12% VAT is refundable for exploration companies Kyzyl Gold Mine (Polymetal) Bozshakol Copper
Slide 10: Kazakhstan overview: If you build it, they will come
Kazakhstan overview “If you build have it, they will come” Acquired a 35% interest in RG Gold’s In Kaz since 2020. Beskauga copper- Vasilkovsky gold mine. Novodneprovsk mine in 2019. Annual gold project. 354 Mt @ 0.20% Cu, In production since 2010. production >50 koz Au 0.34 g/t Au, 1.06 g/t Ag Mine
Slide 11: Kazakhstan porphyries
Kazakhstan porphyries A ‘pioneer opportunity’ Vararinskoye 120Mt @ 0.66% Cu, Beskauga 1.01g/t Au, 0.5g/t Ag Indicated: 207Mt @ 0.53% Cu Eq Inferred: 147Mt @ Bozshakol - Production 0.43% CuEq 1Bt @ 0.35% Cu 30MTPA Operation Kazakhstan represents one of the (40yr Mine Life) last great Cu-Au porphyry b
Slide 12: Beskauga deal terms
Beskauga deal terms • Arras Minerals entered into an agreement in 2020 with private, Swiss-based Copperbelt AG for a 4-year option to acquire 100% of the Beskauga copper-gold project • Option Agreement: US$15M in Exploration expenditures over the 4 years • Purchase Beskauga: After completing US$15 m
Slide 13: Beskauga infrastructure
Beskauga infrastructure 1120KVA power, heavy rail, roads, towns & trained workforce close by LEGEND License area BESKAUGA DEPOSIT Heavy Rail BOGATYR COAL MINE (5th largest coal mine in the world) Paved Road 1100KVA power Four Lane Paved Highway from Capital to nearby Project 13
Slide 14: Beskauga re-assay results from historic drilling
Beskauga Re-assay results from historic drilling Oct 7, 2021 - Bg63 – 633m @1.02% CuEq Oct 5, 2021 - Bg33 – 752.5m @0.73% CuEq 14
Slide 15: Beskauga: Getting the wheels in motion on the ground
Beskauga Getting the wheels in motion on the ground Personnel • Company established in-country with administration office in Almaty and technical office & core facility in Ekibastuz • Technical team in place with significant porphyry and in-country geology experience. Two expat geologist formerly wi
Slide 16: Beskauga magnetics 2021
Beskauga magnetics 2021 Unexplored Upside Classic Porphyry magnetic 70% of porphyry Interpreted Alteration Halo signature – 70% of Porphyry never drilled target has yet to be tested Beskauga Deposit Core of the Porphyry? 16
Slide 17: Unexplored upside - deposit at depth
Unexplored upside - deposit at depth Grade increasing with depth – high grade core of the system yet to be drilled Mineralization is open at depth and grade is also increasing with depth Data provided by Copperbelt AG 17
Slide 18: Beskauga 43-101 Resource February 2021
Beskauga 43-101 Resource February 2021 CSA Global Canada Ltd. Category Tonnage (Mt) Cu % Au g/t Ag g/t Cu Eq% Au (Moz) Cu (Kt) Ag (Moz) Indicated 207 0.23 0.35 1.09 0.53 2.33 476.1 7.25 Inferred 147 0.15 0.33 1.02 0.43 1.56 220.5 4.82 *Resource completed by CSA Global Canada Ltd and constrained usin
Slide 19: Building a prospective land position
Building a prospective land position Arras has applied for an additional 1,720 sq.km of ground around the Beskauga project Stepnoe License Beskauga Deposit • Arras has an option to purchase the Beskauga Exploration License (67 km2) Ekidos License • Arras has applied for four mineral exploration lice
Slide 20: Comparables
Comparables Recent exploration successes in South America demonstrate the opportunity that exists when large-scale copper-gold projects can be discovered and advanced Market Resource Tonnage Gold Copper In Situ 2 Company Project Country Cap. USD (Mt) (g/t) (Moz) (%) (Mt) Res. Value Drilling Highligh
Slide 21: Capital structure
Capital structure Owners Shares % Silver Bull shareholders 34,547,838 73 (spun-off Sep 24, 2021) (BC, Canada incorporated) Silver Bull 1,452,262 3 April 2021 PP (C$0.50) 5,035,000 11 October 2021 PP (C$1.00) 6,368,000 13 Outstanding 47,803,100* Beskauga Option Ekidos Minerals LLP (Kazakhstan) with C
Slide 22: Ground floor entry into one of the most geologically rich countries globally
Ground floor entry into one of the most geologically rich countries globally • Early mover advantage in a highly prospective but underexplored copper gold belt • Jurisdiction that understands and encourages mineral development with modern mining law recently put in place (based on Australia) • Signi
Slide 23: Appendix
Capital City – Nur-Sultan, Kazakhstan APPENDIX 23
Slide 24: Hole Bg33 – 752.5m @ 0.73% CuEq
Hole Bg33 – 752.5m @ 0.73% CuEq (Including 93m @ 1.73% CuEq) Tennantite fracture Quartz sulphide vein with Controlled veinlets crosscut Magnetite selvage within By quartz B vein with 108.5m Altered diorite 430.5m Sulphide suture 0.55g/t Au, 0.39% Cu, 1.6g/t Ag 3.11g/t Au, 1.36% Cu, 8.2g/t Ag Magneti
Slide 25: Hole Bg63 – 633m @ 1.02% CuEq
Hole Bg63 – 633m @ 1.02% CuEq (Including 187m @ 1.73% CuEq) Quartz-chalcopyrite-pyrite- Smokey quartz-tennantite Covellite anastomosing vein veins 72.8m 546.9m 0.23g/t Au, 0.20% Cu, 1.2g/t Ag 0.54g/t Au, 0.31% Cu, 1.6g/t Ag Quartz-chalcopyrite-pyrite- Quartz-chalcopyrite-pyrite- covellite vein Covel
Slide 26: Beskauga high grade core
Beskauga High grade core Interval Hole ID From (m) To (m) Au (g/t) Cu (%) (m) 500m DDB-03 460 665 205 1.45 0.65 Bg31 309 507 192 1.04 0.54 Bg33 299 453 154 1.54 0.7 Bg41 277.1 430.3 153.2 1.07 0.62 Bg55 365.8 404.9 39.1 2.01 0.59 Bg63 235.9 421.5 185.6 1.22 0.81 Bg64 480 450 68.1 0.97 0.44 Bg65 351
Slide 27: Unexplored upside - Beskauga Alteration
Unexplored upside - Beskauga Alteration The footprint of the alteration halo suggests Beskauga is a large mineralizing system 2.8Gt @ 1.16% Cu 800Mt @ 0.84% Cu 5.2Gt @ 0.67% Cu & 0.35g/t Au & 0.39g/t Au & 0.04g/t Au Survey & Data provided by Copperbelt AG 27
Slide 28: Beskauga re-assay results from historic drilling
Beskauga Re-assay results from historic drilling 28
Slide 29: 2021 NI43-101 Resource
2021 NI43-101 Resource Pit constrained resource by gold cutoff 29
Slide 30: Corporate Inquiries
CORPORATE INQUIRIES: 604.687.5800 info@arrasminerals.com Suite 1610 - 777 Dunsmuir Street PO Box 10427 Vancouver, BC V7Y 1K4 www.arrasminerals.com 30
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