Tectonic Metals, Inc. · TSXV:TECT
Tectonic Metals — 2024 Precious Metals Summit, Zurich
36 slides from Tectonic Metals's conference presentation, November 2024
Slide 1: The Flat Gold Project: Alaska's Next Tier-1 Gold Opportunity
TSX-V: TECT THE FLAT GOLD PROJECT OTCQB: TETOF ALASKA’S NEXT TIER-1 GOLD OPPORTUNITY FSE: T15B 1 TECTONIC METALS – 2024 PRECIOUS METALS SUMMIT, ZURICH | TSX-V: TECT | OTCQB: TETOF | FSE: T15B | TECTONICMETALS.COM November 2024
Slide 2: Forward Looking Statement and National Instrument 43-101 Compliance
FORWARD LOOKING STATEMENT AND NATIONAL INSTRUMENT 43-101 COMPLIANCE CAUTIONARY STATEMENT All statements in this presentation, other than statements of historical fact, are "forward-looking statements“ or “forward looking information” with respect to Tectonic Metals Inc. (the “Company”) within the me
Slide 3: The Right People to Fulfill the Vision
THE RIGHT PEOPLE TO FULFILL THE VISION Multi-Million Ounce Open-Pit Potential
Slide 4: Our Proven Track Record of Success
OUR PROVEN TRACK RECORD OF SUCCESS ON ALL FRONTS OF THE BUSINESS OF EXPLORATION AND MINING Our Proven Track Record of Success ▪ Discovery = +30 million oz Au ▪ Development = 18 Feasibility Studies ▪ Permitting = 20 projects ▪ Production = 16 mines ▪ M&A = $3.7 billion in transactions ▪ Capital Raisi
Slide 5: ESG Considerations for a Mining Opportunity
ESG CONSIDERATIONS FOR A MINING OPPORTUNITY FINDING GOLD IS OK, BUT FINDING ECONOMIC GOLD THAT CAN BE PERMITTED IS THE TECTONIC WAY Can you Permit, Build and Finance a Mine - Location, Location, Location ✓ Mother nature doesn’t discriminate where she places her mineral deposits. Not every project ne
Slide 6: Underpinned by Partnerships & Strong Shareholders
UNDERPINNED BY PARTNERSHIPS & STRONG SHAREHOLDERS ALASKAN NATIVE REGIONAL CORPORATION & CRESCAT CAPITAL “Tectonic is one of our top ten holdings in the Crescat portfolio. Our support for Tectonic and DOYON LTD. their Flat Project is underscored by us doubling our ownership ▪ One of Alaska’s largest
Slide 7: Alaska: Tier-1 Mining Jurisdiction
ALASKA: TIER-1 MINING JURISDICTION1 NESTLED IN THE RENOWNED TINTINA GOLD BELT ▪ 7 producing mines currently operating YUKON ▪ The 2nd highest gold producing state in the USA2 TERRITORY ▪ Low geopolitical risk ⎼ 3rd out of 120 mining jurisdictions on the Global Investment Risk Index ▪ Export value of
Slide 8: The Flat Gold System: Six District Scale Intrusion Targets
THE FLAT GOLD SYSTEM: SIX DISTRICT SCALE INTRUSION TARGETS PART OF A 20 KM “STRING-OF-PEARLS” GEOPHYSICAL ANOMALY 6 CARIBOU KM-SCALE INTRUSION CARIBOU 99,840 Acre 1.7 km x 2.1 km TARGETS Project Area PRIMARY TARGET JAM JAM Chicken Mountain HORSESHOE HORSESHOE 3.0 km x 2.0 km ▪ Bulk Open Pit 3.4 km x
Slide 9: The Right Zip Code for Gold
THE RIGHT ZIP CODE FOR GOLD UNLOCKING RICHES IN THE KUSKOKWIM MINERAL BELT ▪ Proven Tier-One Potential • Home to Donlin, a 39 million ounce tier-one gold system1 • Track record of large-scale gold discoveries ▪ Prime Location for New Discoveries • “The best place to find a mine is next to a mine” •
Slide 10: Potential Low Strip Ratio
POTENTIAL LOW STRIP RATIO FAVORABLE TOPOGRAPHY WITH MINERALIZATION STARTING AT SURFACE FOR OPEN-PIT OPPORTUNITY Chicken Mountain is not a Mountain ▪ But rather a plateau that is flat for kms Low angle topography ▪ Makes for easy accessibility ▪ Facilitating the movement of people and equipment Gentl
Slide 11: Flat's Onsite and Nearby Infrastructure
FLAT’S ONSITE AND NEARBY INFRASTRUCTURE ROADS TO MINERALIZED ZONES, ONSITE HERCULES AIRSTRIP, COMMERCIAL BARGE RIVER ACCESS Chicken Mountain road access ~7.5km from Flat Airstrip Hercules Cargo Plane Landing at Flat N Kuskokwim River 4100 ft Hercules Airstrip Onsite at Flat Crooked Creek Barge River
Slide 12: Chicken Mountain Intrusion
CHICKEN MOUNTAIN INTRUSION Multi-Million Ounce Open-Pit Potential
Slide 13: Chicken Mountain – Big Deposits Leave Big Footprints
CHICKEN MOUNTAIN – “BIG DEPOSITS LEAVE BIG FOOTPRINTS” FLAT GOLD SYSTEM: A 20 KM “STRING-OF-PEARLS” OF SIX GEOPHYSICAL ANOMALIES Legend 1.4 Moz1 Recorded Placer Production At Flat Otter Creek Black Creek ▪ 3 richest placer gold mining jurisdiction in Alaska rd 1 417 koz ▪ Chicken Mountain credited a
Slide 14: The Flat Gold System: Six District Scale Intrusion Targets
THE FLAT GOLD SYSTEM: SIX DISTRICT SCALE INTRUSION TARGETS PART OF 20 KM “STRING-OF-PEARLS” GEOPHYSICAL ANOMALY 1.7 km x 2.1 km Intrusion Intrusion Geophysical Historical Placer Production from Target Status Anomaly Drainages in Immediate Vicinity1 7200 Hz EM Caribou Potential 1.7 km x 2.1 km N/A Ja
Slide 15: Bulk Tonnage Intrusion-Related Tintina Gold Systems
BULK TONNAGE INTRUSION-RELATED TINTINA GOLD SYSTEMS NOTABLE ANALOGUE MINES & PROJECTS IN TINTINA GOLD PROVINCE Tintina Gold Pr ovi nc e Project Donlin 1 Flat Fort Knox 2 Rogue 4,5 Company Barrick & Novagold Tectonic Metals Kinross Snowline Production History 30,000 oz (Placer) 1.4 million oz (Placer
Slide 16: A 100% Drill Success Rate Using Gold-in-Soil Anomalies
A 100% DRILL SUCCESS RATE USING GOLD-IN-SOIL ANOMALIES < 50% OF GOLD-IN-SOIL ANOMALY DRILL TESTED TO DATE Mineralization Footprints of Other Tintina Projects 2 km FORT KNOX MINE Chicken Mountain 4 km x 1km Gold in Soil Footprint Plan view 0.5 km Past production: 9.0 Moz Au1 N Mineral Resource (M&I):
Slide 17: +2 Kms of Strike = Multi-Million Ounce Open-Pit Opportunity
+2 KMS OF STRIKE = MULTI-MILLION OUNCE OPEN-PIT OPPORTUNITY MINERALIZATION STARTS AT SURFACE + NO OVERBURDEN + FAVOURABLE TOPOGRAPHY = POTENTIAL FOR LOW STRIP & WASTE-TO-ORE RATIO N ▪ Continuous mineralized zones defined at 0.1 g/t Au cutoff 300m 300m 3 km 300m >0.10 g/t Au 300m Composites 17 TECT
Slide 18: >1.00 g/t Au Drill Composites = Multi-Million Ounce Open-Pit Opportunity
>1.00 G/T AU DRILL COMPOSITES = MULTI-MILLION OUNCE OPEN-PIT OPPORTUNITY MINERALIZATION STARTS AT SURFACE + NO OVERBURDEN + FAVOURABLE TOPOGRAPHY = POTENTIAL FOR LOW STRIP & WASTE-TO-ORE RATIO N ▪ Gold Mineralization OPEN in all directions 300m 300m 3 km 300m >1.00 g/t Au 300m Composites 18 TECTON
Slide 19: 2023 First Drill Program Hits Gold in Every Hole
2023 TECTONIC'S FIRST DRILL PROGRAM HITS GOLD IN EVERY HOLE 1.8 KMS OF MINERALIZED STRIKE A-A’ , 300 METRES VERTICAL DEPTH (OPEN) 1.33 g/t Au over 18.3m 12.56 g/t Au over 24.7m 27.2 g/t Au over 1.6m inc. 211.27g/t Au over 1.40 (Historical) (Historical) (Historical) 1.36 g/t Au over 36.6m inc. 6.47 g
Slide 20: What Drives Production Costs & Margin?
WHAT DRIVES PRODUCTION COSTS & MARGIN? A Deep Dive into All-In Sustaining Costs (AISC) Grinding ITEM COST (%)2 contributes nearly Crushing 2.8 50% of mining Grinding 47 AISC Factors that Impact Production Costs1 Flotation 16.2 Energy Energy Grade Grade Thickening 3.5 ▪ ▪ Crushing, Grinding, Floatati
Slide 21: Multiple Met Testing Confirm Free-Milling / Non-Refractory Mineralization
MULTIPLE MET TESTING CONFIRM FREE-MILLING / NON-REFRACTORY MINERALIZATION CONVENTIONAL BOTTLE ROLL, GRAVITY, COMBINED GRAVITY & BOTTLE ROLL, AND FLOTATION Strong and rapid Very low cyanide Low sulphur No preg robbing leach kinetics consumption content identified 96% Avg. Gold Recovery Validates Pote
Slide 22: 96% Gold Recovery from Heap Leach Column Tests
96% GOLD RECOVERY FROM HEAP LEACH COLUMN TESTS ON ¾” CRUSHED MATERIAL POTENTIAL FOR RUN-OF-MINE HEAP LEACH PROCESSING IN PLAY NON-OXIDIZED AND MINERALIZATION AT DEPTH LEACHES 96% STRONG & RAPID LEACH KINETICS Gold Recovery After 71 Days 83% 91% Gold Recovery Gold Recovery NO AGGLOMERATION After 29 D
Slide 23: Is Grade King? Show Me, Don't Tell Me
IS GRADE KING? SHOW ME, DON’T TELL ME 286 HEAP LEACH MINES WORLDWIDE DOESN’T LIE Undoubtedly, Heap Leaching Processing offers a wide range of advantages2: ▪ Low capital investment and operating costs ▪ Fast payback ▪ No tailings disposal ▪ Lower energy and water requirements ▪ Can be applied to tail
Slide 24: Show Me, Don't Tell Me
SHOW ME, DON’T TELL ME UNDENIABLE SCALE: REAL, TANGIBLE EVIDENCE SUPPORTING A TIER-1 GOLD SYSTEM What is a Tier-1 Gold Resource Discovery? As Defined by Newmont1 and Barrick Definition2: ▪ Annual production of at least 500,000 ounces of gold ▪ Minimum 10-year mine life ▪ Average All-In Sustaining Co
Slide 25: Alaska's Next Tier-1 Gold Mining Opportunity
ALASKA’S NEXT TIER-1 GOLD MINING OPPORTUNITY POSITIONED TO BE ONE OF THE TOP EXPLORATION STORIES AT EXACTLY THE RIGHT TIME 1 Scale & Prospect 1.4Moz recorded placer production, 20km geophysical anomaly, 4km gold-in-soil anomaly, 100% drill success rate, ~100K acres 2 Experienced Team Proven Track Re
Slide 26: Play big with us.
TECT: TSX-V TETOF: OTCQB T15B: FSE Website www.tectonicmetals.com A black triangle on a gold Email background info@tectonicmetals.com Description automatically generated Toll-free 1.888.685.8558 Play big with us. 26 TECTONIC METALS – 2024 PRECIOUS METALS SUMMIT, ZURICH | TSX-V: TECT | OTCQB: TETOF |
Slide 27: Capital Structure
CAPITAL STRUCTURE AS OF SEPTEMBER 2024 Shares Outstanding 381,878,243 9.9% Doyon Limited Supportive Shareholders ~47% 22.3% Crescat Capital 15.0% Tectonic and others Est. Liquid Public Float ~179,000,000 Average Daily Trading Volume (TSXV) ~600,000 Fully Diluted 515,473,524 Estimated Cash ~CA$2.5 mi
Slide 28: Appendix
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Slide 29: A Committed, Proven and Successful Team
A COMMITTED, PROVEN AND SUCCESSFUL TEAM INSIDE OWNERS REPRESENT THE THIRD LARGEST OWNERSHIP BLOCK Necessary Skill Sets for Successful Exploration/Mining Companies Capital Team Member Role ESG Mine Finder Mining M&A Markets Notes Allison Rippin Armstrong Chair ⚫ ⚫ ⚫ ⚫ Environmental Biologist, UN cons
Slide 30: Technical Advisory Committee
TECHNICAL ADVISORY COMMITTEE INDUSTRY LEADING STRUCTURAL EXPLORATION GEOLOGISTS AND ENGINEERS Areas of Strength Structural Heap Leach Mining Name Designations Geology Notes Design Construct Operate ⚫ ⚫ ⚫ P.E., G.E., D.GE, Mr. Smith has been involved in the design, construction, operations Mark Smith
Slide 31: Geophysics Demonstrate a +11km Long Intrusive Complex
GEOPHYSICS DEMONSTRATE A +11KM LONG INTRUSIVE COMPLEX CHICKEN MTN EAST AND GOLDEN APEX LIKELY MINERALIZED BASED ON CURRENT EVIDENCE Oblique View Looking East - Geophysics - 7200 Hz EM Simplified Cross Section of Intrusion Related Systems Historic Hardrock Mine Golden Apex / Intrusion / Gold Interpre
Slide 32: Reduced Intrusion-Related Gold Systems
REDUCED INTRUSION-RELATED GOLD SYSTEMS GEOCHEMISTRY, VEINING AND HOST ROCK ARE KEY INDICATORS OF PROXIMITY TO CUPOLA Cross Section Looking Down - Plan View of Plutonic Structure – Hart et. al. 20071 Fort Knox hornfels Golden Apex aureole Distal mineralization Au-As-Sb veining hornfe Eagle within vol
Slide 33: 2024 High Priority Drilling Targets
2024 HIGH PRIORITY DRILLING TARGETS MORE KILOMETRE-LONG DRILL TARGETS AT FLAT: EACH WITH STAND- ALONE PROJECT POTENTIAL TECTONIC METALS – INVESTOR UPDATE | TSX-V: TECT | OTCQB: TETOF | FSE: T15B | TECTONICMETALS.COM
Slide 34: 2024 Drill Target Areas – Adit/Happy, Alpha Bowl & Chicken Mountain
2024 DRILL TARGET AREAS – ADIT/HAPPY, ALPHA BOWL & CHICKEN MOUNTAIN 1.70g/t Au over 25.90m 13.20g/t Au over 23.47m 1.27 g/t Au over 28.95m 1.71g/t Au over 7.77m 3.09g/t Au over 6.70m ADIT/HAPPY 1.12g/t Au over 22.86m STRUCTURE 6.64g/t Au over 27.44m (T) ALPHA BOWL 3.75g/t Au over 12.20m STRUCTURE 1.
Slide 35: Adit/Happy: Don't Tell Me, Show Me the Evidence
ADIT/HAPPY: DON’T TELL ME, SHOW ME THE EVIDENCE ONLY > 1.0 G/T AU COMPOSITES SHOWN BELOW IN HISTORICAL DRILL HOLES & TRENCHES MULTIPLE LAYERS OF 12.2m @ 7.01m @ 7.62m @ 1.88g/t Au GEOLOGICAL EVIDENCE STACKED 3.75 g/t Au 4.57 g/t Au 1. Scale: 2 km long structural 24.39m @ corridor NEWLY identified 1.
Slide 36: Alpha Bowl: New Untested, Kilometre-Long Drill Target
ALPHA BOWL: NEW UNTESTED, KILOMETRE-LONG DRILL TARGET GEOLOGICAL EVIDENCE: PROLIFIC PLACER GOLD + HIGH TENOR GOLD IN ROCK & SOIL ANOMALIES + HISTORICAL DRILLING NEAR RIDGETOP + INTERSECTING STRUCTURES + FAVOURABLE GOLD HOSTED INTRUSIVE ROCKS MAPPED Prince Creek Chicken Creek 34 koz Au 25 koz Au 1.00
Tectonic Metals — 2024 Precious Metals Summit, Zurich on 6ix