Ngex Minerals Ltd. · TSX:NGEX
Ngex Minerals — Investor Presentation (December 2022)
22 slides from Ngex Minerals's investor presentation, December 2022
Slide 1: The Quest for High-Grade
The Quest for High-Grade A Lundin Group Company DECEMBER 2022 NO GUTS NO GLORY TSXV: NGEX www.ngexminerals.com
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements made and information contained herein in the presentation constitutes “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward- looking inform
Slide 3: NGEx Minerals – No Guts No Glory
NGEX MINERALS – NO GUTS NO GLORY COMPANY PROFILE SHARE OWNERSHIP 2.50% South American Key Project – Los Helados (~69% interest) Advanced Current Indicated Resource* of: Exploration » 17.6 Billion lbs Copper » 10.1 million oz Gold 35.70% Company » 92.5 million oz Silver CAPITAL STRUCTURE 2022 CATALYS
Slide 4: Background
BACKGROUND TSXV: NGEX 2009 THE BEGINNING HISTORY OF VALUE CREATION NGEX TODAY 2016 2019 2019 Los Helados • One of the world’s largest undeveloped copper projects. Indicated Resource* includes • 17.6 billion pounds copper • 10.1 million ounces gold; • 92.5 million ounces silver *see Mineral Resource
Slide 5: Vicuña: A Major New Copper District
VICUÑA A MAJOR NEW COPPER DISTRICT controlled by Lundin Group companies Los Helados deposit is located 16km northeast of the Filo del Sol deposit and 12 km from the Josemaria deposit. Project and mine locations approximate. Slide 5 NGEX Minerals Ltd | Corporate Presentation
Slide 6: Holds a Key Piece of the Vicuña District
HOLDS A KEY PIECE OF THE VICUÑA DISTRICT • Los Helados deposit – large MI&I resource including a high grade core (0.8% CuEq) • Close to existing operations and development projects • High potential exploration target at Project and mine locations approximate Potro Cliffs Los Helados deposit is locat
Slide 7: Los Helados – Large Resource Underpins Current Valuation
LOS HELADOS – LARGE RESOURCE UNDERPINS CURRENT VALUATION VIEW SOUTH Indicated Resource* 17.6 billion lbs Cu 10.1 million oz Au Inferred Resource 5.8 billion lbs Cu 2.7 million oz Au For details on data verification, sample, analytical and testing results and the key assumptions, parameters and metho
Slide 8: When you find something big, keep looking
Scale Clusters Structures When you find something big, SEG SIZE CLASSIFICATIONS keep looking Super Giant >10,000,000 – 31,162,000 t Cu Giant >3,162,000 - 10,000,000 t Cu Giant deposits get bigger Indicated Resource* 17.6 billion lbs Cu (8.0 Mt Cu) The best place to look for grade is in and 10.1 mill
Slide 9: Los Helados 2021 Data Review
LOS HELADOS 2021 DATA REVIEW IDENTIFIED POTENTIAL EXTENSIONS AND NEW HIGH GRADE ZONES GEOPHYSICAL SURVEY • High grade zones appear to correlate to: ‒ very low resistivities (pink-purple) + ‒ distinct rock type Slide 9 NGEX Minerals Ltd | Corporate Presentation
Slide 10: 2022 Drilling
2022 DRILLING HIGHLY SUCCESSFUL TEST OF HIGH GRADE EXPLORATION IDEAS For breakdown of CuEq grades and formula refer Slide 10 NGEX Minerals Ltd | Corporate Presentation to page 20 and 21 of the corporate presentation.
Slide 11: Los Helados Drill Program – The Quest for Grade
LOS HELADOS DRILL PROGRAM – THE QUEST FOR GRADE DRILL PROGRAM OBJECTIVES • Better define existing high-grade resource and evaluate more selective underground mining methods • Test possible extensions • Test new targets identified in data review Slide 11 NGEX Minerals Ltd | Corporate Presentation
Slide 12: Potro Cliffs – Discovery Target
POTRO CLIFFS – DISCOVERY TARGET VICUÑA DISTRICT • Potro Cliffs lies along the same major northeast-trending structure which controls a series of alteration zones including Filo del Sol (5 km south, along trend) • One of the largest untested alteration zones in the district • Topography allows target
Slide 13: Next Steps
NEXT STEPS • Los Helados drilling resumed in October • Drilling to further test and extend Condor, Fenix, and Alicanto zones • Drill Potro Cliffs target Slide 13 NGEX Minerals Ltd | Corporate Presentation
Slide 14: Investment Summary
INVESTMENT SUMMARY • Los Helados is a key strategic resource in an emerging giant district. High potential brownfields drilling • Potro Cliffs is the largest untested target in the Vicuna District • Valle Ancho is an exciting new exploration play • 2022/2023 will be news and catalyst rich THE RIGHT
Slide 15: No Guts No Glory
A Lundin Group Company NO GUTS Company Head Office NGEx Minerals Ltd. NO GLORY Suite 2000 - 885 West Georgia Street Vancouver, BC Canada V6C 3E8 EXPERIENCED AND SUCCESSFUL EXPLORERS Investor Relations Amanda Strong Telephone: (604) 689-7842 Email: info@ngexminerals.com @ngex_minerals | ngexminerals.
Slide 16: Valle Ancho – Copper/Gold Project
VALLE ANCHO – COPPER/GOLD PROJECT EXPLORATION UPSIDE | MARICUNGA BELT • Underexplored 100,000 Ha land package • Argentina side of the Maricunga Gold Belt >100Moz on Chile side • Along the crustal scale Valle Ancho lineament • Successful 2022 program tested oxide Au gold and copper-gold potential • E
Slide 17: Valle Ancho Project
VALLE ANCHO PROJECT 2 holes 1 hole 5 holes Target Development
Slide 18: Nordin Oxide Gold Target
NORDIN OXIDE GOLD TARGET VALLE ANCHO PROJECT | MARICUNGA BELT VAD002 198m @ 0.63 g/t Au; including 70m @ 0.94 g/t Au VAD001 150m @ 1.05 g/t Au Slide 18 NGEX Minerals Ltd | Corporate Presentation
Slide 19: La Quebrada Copper-Gold Target
LA QUEBRADA COPPER-GOLD TARGET VALLE ANCHO PROJECT | MARICUNGA BELT Hole VADH003/3A: 596.5m of 0.50% CuEq 596.5m of 0.50% CuEq (0.23% Cu; 0.37 g/t Au; 1.4 g/t Ag) from 4.0m including: VAD003 596.5m of 0.50% CuEq • 104.0m of 0.62% CuEq (0.25% Cu; 0.50 g/t Au; 1.5 g/t Ag) from 6.0m • Ended in minerali
Slide 20: Previously Released 2022 Los Helados Drill Holes
PREVIOUSLY RELEASED 2022 LOS HELADOS DRILL HOLES Hole ID From To Length (m) Cu % Au g/t Ag g/t CuEq % LHDH073 124.0 1,000.0 876.0 0.56 0.28 2.1 0.74 incl 216.0 912.0 696.0 0.60 0.31 2.2 0.80 incl 314.0 524.0 210.0 0.76 0.45 2.8 1.06 LHDH074 42.0 1058.3 1016.3 0.45 0.31 1.9 0.65 incl 136.0 890.0 754.
Slide 21: Previously Released 2022 Los Helados Drill Holes
PREVIOUSLY RELEASED 2022 LOS HELADOS DRILL HOLES Hole ID From To Length (m) Cu % Au g/t Ag g/t CuEq % HDH077 0.0 989.0 989.0 0.51 0.27 1.7 0.69 incl 42.0 778.0 736.0 0.58 0.32 1.9 0.79 incl 328.0 548.0 220.0 0.69 0.41 2.4 0.95 incl 328.0 452.0 124.0 0.71 0.47 2.6 1.02 Upper ext 42.0 150.0 108.0 0.53
Slide 22: Los Helados Mineral Resource Estimate
LOS HELADOS MINERAL RESOURCE ESTIMATE Los Helados Indicated Mineral Resource Notes to accompany Los Helados Mineral Resource table Tonnage Resource Grade Contained Metal Mineral Resource estimate has an effective date of April 26, 2019. The Qualified Person for the estimate is Mr. Gino Cutoff (milli
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