Storm Exploration Inc · TSXV:STRM
Storm Exploration — Lithoquest Resources — Investor Presentation (January 2022)
18 slides from Storm Exploration's investor presentation, January 2022
Slide 1: Exploring for High-Grade Gold in Northwestern Ontario
TSX-V: LDI Exploring for High-Grade Gold in Northwestern Ontario January 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain “forward-looking statements.” These forward-looking statements are made as of the date of the PowerPoint presentation and Lithoquest Resources Inc. (“Lithoquest”) does not intend, and does not assume any obligation, to update these forward- lo
Slide 3: The Value Proposition
The Value Proposition • Lithoquest is exploring for multi-million-ounce gold deposits in a Tier 1 jurisdiction: NW Ontario • Internationally recognized technical & capital markets team • Best-in-class gold fund managers as committed financial partners providing access to capital • Extensive drill-co
Slide 4: Corporate Structure
Corporate Structure SHARE STRUCTURE MAJOR SHAREHOLDERS Shares Outstanding 95,243,974 Institutions 27% Warrants (w.a. $0.14) 12,822,800 Retail 40% Options (w.a. $0.19) 8,860,000 Shares Price $0.10 HNW / Family Market Cap $10.0M Office 23% Management/ Advisors 10% Cash* $1.26M *As at 30-Sep-2021 Medal
Slide 5: Experienced Leadership
Experienced Leadership Management & Directors Advisors & Consultants Bruce Counts: President, CEO & Director Harvey Yesno (fmr Chief): First Nations Advisor Dwight Walker: CFO & Corporate Secretary Allison Rippin-Armstrong: ESG Advisor Lon Shaver: Director & Audit Committee Chair Dr. Rob Carpenter:
Slide 6: Responsible ESG
RESPONSIBLE ESG First Nations Lithoquest’s Ontario projects are within the traditional territory of the Eabametoong First Nations. The Company is committed to engaging with the local community to advance the projects in a cooperative, respectful and mutually beneficial way. Social & Environmental Re
Slide 7: Greenstone Belts of Ontario, Canada
Greenstone Belts of Ontario, Canada Home to +200Moz of gold production Historic Gold Camps Timmins-Porcupine: +67Moz Kirkland Lake: +42Moz Red Lake: +30Moz Hemlo: +21Moz Fort Hope greenstone belt has the potential to host a major gold camp Targeting high-grade Banded Iron Formation (“BIF”) hosted go
Slide 8: BIF Hosted Gold Deposits
BIF Hosted Gold Deposits What makes BIF hosted gold deposits attractive? • Multimillion ounce potential • High-grade / high-margin deposits Notable BIF Hosted Gold Deposits Deposit Size Avg. Grade Homestake +42Moz 8.4g/t Meliadine +10Moz 7.1g/t Musselwhite +6Moz 5.3g/t Lupin +3Moz 9.1g/t Madsen – Re
Slide 9: Lithoquest Projects
Lithoquest Projects District Scale Potential The Miminiska-Fort Hope greenstone belt has the potential to host a new gold camp: • The right geology • Drill-confirmed high-grade gold Lithoquest made strategic acquisitions 1. Option to purchase a 100% interest in the two most advanced projects in the
Slide 10: Acquisition Terms
Acquisition Terms Earning a 100% interest in Miminiska & Keezhik Projects Table of Option Payments Payment Date Cash Shares ✓ On signing (6th May 2021) $25,000 Nil ✓ 9th July 2021 $100,000 Nil ✓ 24th December 2021 $250,000 $400,000 24th June 2022 $250,000 $500,000 24th December 2022 $250,000 $750,00
Slide 11: Major Milestones
Major Milestones Applying a new exploration model to an overlooked district 2021 2022 H1 H2 H1 H2 ✓Agreement to ✓Compile historical • Capital raise to support • EM survey at Keezhik acquire a 100% data Miminiska drill program • Discovery drilling at interest in ✓Complete Airborne • EM survey at Mimi
Slide 12: Miminiska Project
Miminiska Project Drill Confirmed High-Grade Gold Miminiska Prospect Select Historical Results* Drill From To Interval Au Hole (m) (m) (m) (g/t) 0603-8 51.9 72.8 20.8 5.75 0604-32 235.8 241.1 5.3 13.95 88C-10 54.6 69.3 14.7 3.74 0603-18 120.6 131.8 11.2 4.49 0603-17 43.5 61.2 17.7 2.49 Frond Prospec
Slide 13: Miminiska Prospect
Miminiska Prospect Z-Fold Structures with Multi-Million-Ounce Potential Similarities to Lupin Miminiska Prospect BIF Lupin Mine BIF Hosted Gold Deposit ✓ Gold hosted in BIF 3.4MOz @ 9.1 g/t Au ✓ BIF folded into “Z” ✓ Gold occurs with sulphide minerals ✓ Shear zones control gold mineralization Mimini
Slide 14: Miminiska Prospect
Miminiska Prospect Historical Drilling Provides Proof of Concept More Drilling Required Most historical drill holes less than 200m deep High-grade results require follow-up Significant portions of BIF (limbs & hinges) untested Miminiska Prospect Next Steps Historical Drilling Q1 Geophysics • Complet
Slide 15: Keezhik
Keezhik Early-Stage Opportunity with Multi-million Ounce Discovery Potential Select historical results from Keezhik* Sample Interval Zone Au (g/t) Type (m) KL-12 Drill Core 2.0 16.2 Keezhik Property KL-12A Drill Core 0.6 47.7 KL-12B Drill Core 1.3 25.8 KL-18 Drill Core 3.0 9.8 Abundant BIF / numerou
Slide 16: Key Reasons to Buy
Key Reasons to Buy • Lithoquest is exploring for multi-million- ounce gold deposits in NW Ontario • Management & Advisors has a track record of creating value through discovery • Exceptional list of supportive shareholders • Projects with extensive gold showings: drill- confirmed and high-grade • Cl
Slide 17: lithoquest.com TSX-V: LDI
info@lithoquest.com lithoquest.com +1 (604) 506-2804 TSX-V: LDI
Slide 18: Miminiska Prospect
Miminiska Prospect Historical Drilling: Plan and Long Section TSX–V: LDI 18
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