Slide 1: Investor Presentation Q3 2022
Canadian junior exploration company focused on exploring and advancing early stage high-grade battery and precious metal projects across North America. INVESTOR PRESENTATION Q3 2022 TSX.V: USHA | OTCQB: USHAF | FSE: JO0
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation and the information contained herein (the “Presentation”) has been prepared by Usha Resources Ltd. (“Usha” or the “Company”) for the use of prospective investors for the purpose of evaluating a potential investment in securities of Usha. This Presentation
Slide 3: Company Strengths
Company Strengths Fully Funded, Early mover opportunity Tight Capital Structure USHA trades at a ~$10M market cap when peers trade at 5X+ prior to the 2,700 metre drilling program ~34 million shares outstanding, 70%+ of which planned at the Jackpot Lake lithium brine project. are held by insiders, m
Slide 4: Capital Structure and Comparables
Capital Structure and Comparables SHARE PRICE PERFORMANCE (1-YEAR) High: $0.395 Low: $0.175 Common Shares Issued 35,220,038 Stock Options 2,237,927 3,327,000 (@$0.095) 1,200,000 (@$0.13) 2,665,270 (@$0.20) Financings (Post-IPO) 487,000 (@$0.25) 9,651,338 (@$0.30) 1,344,185 (@$0.30) Warrants Issued 2
Slide 5: Management Team
Management Team Deepak Varshney Khalid Naeem Andrew Tims P.Geo. - CEO & Director CPA, CGA – CFO P.Geo. - Qualified Professional ▶ Over 14 years of experience in the capital markets ▶ Canadian Chartered Professional Accountant ▶ Exploration geologist with over 30 years of and mineral exploration and d
Slide 6: Exceptional Assets
Exceptional Assets Multiple past/present producing Secure assets with significant High quality targets in the top mining mines on or near properties in upside testing new targets and jurisdictions in the world per the Fraser areas with a strong history of extensions of historic mines. Institute 2020
Slide 7: Lithium Pricing Overview
GREEN HILLS Lithium Pricing Overview ▶ Record prices for lithium carbonate into 2022 ▶ Pricing reflects surging demand and limited supplies ▶ Supply constraints are due to delays at projects, lack of new production ▶ Significant security issue in North America where only one producing lithium mine exi
Slide 8: Lithium Supply and Demand
GREEN HILLS Lithium Supply and Demand TSX.V: USHA | OTCQB: USHAF | FSE: JO0 8
Slide 9: Lithium Production in North America
GREEN HILLS Lithium Production in North America ▶ Albemarle’s Silver Peak Mine is the only producing lithium mine in North America ▶ Lithium brine production using evaporation ponds ▶ Production began in 1966; Initial grade of 360 ppm ▶ Current inferred resource grade is 63 MT at 121 ppm; cut-off of
Slide 10: Jackpot Lake – Overview
GREEN HILLS Jackpot Lake – Overview ▶ Drill-ready lithium brine project located 35 km northeast of Las Vegas, Nevada ▶ 140 mining claims totalling 2,800 acres; total basin is approximately 10,900 acres ▶ Nevada is the top mining jurisdiction in the world and is known to host significant lithium clay
Slide 11: Jackpot Lake – Summary
Jackpot Lake – Summary ▶ Surrounding mountain formations are known to contain clay-rich altered volcanic units with reported samples as high as 3,761 ppm Li ▶ Gravitational surveying has identified a closed basin, critical for ensuring lithium-rich brines remain within the basin without dilution from
Slide 12: Jackpot Lake – Geophysics
Jackpot Lake – Geophysics The project is drill-ready with a 5 x 2 km anomaly with a thickness of up to 380 metres: ● Gravitational Surveying discovered a large closed basin directly beneath the Jackpot boundary (Red Outline) ● CSAMT Surveying found extensive highly enriched brines throughout the Jac
Slide 13: Jackpot Lake – Development Strategy
Jackpot Lake – Development Strategy The Company’s plan over the coming months is to drill a combination of shallow and deep holes with the goal of completing a 43-101 resource estimate by Q1 of 2023. Phase 1 Phase 2 Phase X 2022 - 2023 2023 - 2024 2024+ Complete maiden 43-101 Complete additional dri
Slide 14: Nicobat – Spinout Summary
Nicobat – Spinout Summary Nicobat is a nickel-copper-cobalt project Historic work includes over 15,000 in northwest Ontario, Canada. metres of drilling and metallurgical studies on numerous bulk samples The project will be spun-out into a between 1952 and 1972. separate public vehicle, Formation Met
Slide 15: Nicobat – Geology and Exploration Targets
Nicobat – Geology and Exploration Targets The magnetic signature of the Dobie Intrusion highlights the mineralized magnetic unit. The small western margin of the Dobie Intrusion has the form of a funnel-like embayment with a possible feeder underneath. There are 2 primary exploration targets at Nico
Slide 16: Nicobat – Recent Work & Results
Nicobat – Recent Work & Results 2015 2020 2023 Crystal Lake Mining completed a 1,860 Usha completed a 1,439 metre Future work at Nicobat will focus metre 10-hole drilling program that 7-hole drilling program that on focus on making the historic confirmed high-grade nickel-copper intersected a potenti
Slide 17: Lost Basin – Overview
Lost Basin – Overview Lost Basin is a gold-copper project comprised of 133 mining claims in Mojave County in Arizona, USA. ▶ Located in a top-class mining friendly jurisdiction with straight-forward legislation ▶ Able to operate year-round; good road access ▶ Limited shallow drilling indicates signi
Slide 18: Lost Basin – Historical Work
Lost Basin – Historical Work Multiple historic gold mines dating back to the 1870s with limited material removed or exploration. Visible gold has been found at numerous showings on the Property including a non-compliant sample from the area of the “Detector Vein” that assayed 567 to 3,118 g/t. Histo
Slide 19: Lost Basin – Exploration Targets
Lost Basin – Exploration Targets Historic non-compliant percussion drilling has focused on the Copper Blowout area. We have identified a previously unrecognized zone of potentially economic gold mineralization of comparable grade to the Fort Knox Mine in Alaska (0.83 g/t Au) and the Hammond Reef Depo
Slide 20: Lost Basin – Recent Results and Next Steps
Lost Basin – Recent Results and Next Steps 2021 - 2022 2023 Usha completed an initial Phase 1 The sampling program A program of core drilling, soil program that consisted of: identified: sampling, trenching, geologic mapping, and rock sampling ▶ An airborne geophysics survey ▶ Chip sampling from Mall
Slide 21: Summary
Summary WELL FUNDED WELL STRUCTURED WELL MANAGED ~$2.95M working capital provides ~34 million shares outstanding, Collectively, management has over ample runway to execute programs with 70%+ of which are held by 150 years of experience in the capital at each of the company’s projects. insiders, mana
Slide 22: Contact Us
CONTACT US Deepak Varshney, P.Geo. Tyler Muir CEO Investor Relations dvarshney@usharesources.com tmuir@usharesources.com 1 (888) 772-2452 Follow our Journey! TSX.V: USHA | OTCQB: USHAF | FSE: JO0 usharesources.com