Fortune Bay Corp. · TSXV:FOR
Fortune Bay — Investor Presentation (December 2024)
25 slides from Fortune Bay's investor presentation, December 2024
Slide 1: Corporate Presentation December 2024
Exploration & Development In Canada’s Top-Jurisdiction ADVANCING POTENTIAL FOR SASKATCHEWAN’S NEXT GOLD MINE EXPLORING FOR HIGH-GRADE ATHABASCA BASIN URANIUM CORPORATE PRESENTATION TSXV: FOR | FWB: 5QN | OTCQB: FTBYF DECEMBER 2024
Slide 2: Cautionary Language & Legal Disclaimers
Cautionary Language & Legal Disclaimers Cautionary Statements Technical Reports & Disclosures Information set forth in this presentation contains forward-looking statements that are based on assumptions as of Goldfields Project - Results for the Preliminary Economic Assessment (“PEA”) were announced
Slide 3: Capital Structure & Ownership
Capital Structure & Ownership As of December 2, 2024 CAPITAL STRUCTURE OWNERSHIP ISSUED & OUTSTANDING OPTIONS WARRANTS Management 48.7m 4.1m 4.6m & Board 16% MARKET CAPITALIZATION SHARE PRICE MARKET CAP. 84% C$0.24 C$11.5m Public 3 Operational Base in Uranium City, Saskatchewan
Slide 4: Experienced Team, Proven Track Record
Experienced Team, Proven Track Record Wade Dawe BComm Dale Verran MSc, P.Geo Sarah Oliver CPA CA Gareth Garlick BSc, P.Geo Executive Chairman Chief Executive Officer CFO Technical Director +25 years as accomplished entrepreneur, +20 years mining & exploration +10 years accounting and finance +20 yea
Slide 5: Diversified & Well-Positioned
Diversified & Well-Positioned Enviable Global Gold Resource Base for a Junior Athabasca Basin exploration for ~3 Moz Gold High-Grade Uranium Goldfields1 Gold Project CANADA 0.98 Moz Gold Indicated 0.21 Moz Gold Inferred Saskatchewan CANADA Murmac & Strike4 Uranium Projects The Woods5 Uranium Project
Slide 6: Goldfields Project, Saskatchewan
Advancing Potential for Saskatchewan’s Next Gold Mine Box historical headframe, mill frame & powerline ► Robust PEA economics Goldfields Project, ► Established project infrastructure Permitting well-advanced Saskatchewan ► ► Exploration and development upside ► 100% owned 6
Slide 7: Goldfields - Key Attributes
Goldfields - Key Attributes Established Infrastructure and Access ► Gravel road to site from Uranium City (Provincial highway 962) ► Seasonal ice-road to site from Stony Rapids (Government maintained) ► Barge accessible in summer ► Hydro-power transmission line to site, power stations 40 kilometres
Slide 8: 2022 PEA Summary & Sensitivities
2022 PEA Summary & Sensitivities CURRENT PRICE US$2,640/oz Au Project has high sensitivity UPSIDE CASE to gold price Scope for significantly HIGHER CASE US$1,950/oz Au improved economics in PFS/FS PEA BASE CASE US$1,750/oz Au C$459M After-tax NPV5% US$1,650/oz Au 50.5% After-tax IRR C$343M After-tax
Slide 9: Conventional & Simple Operation
Conventional & Simple Operation Site Infrastructure Simplified Process Flowsheet Gravity extraction 24.5% Leach/CIP process 70.8% Gold recovery 95.3% 3:1 22.7 Mt 1.2 g/t Au 95.3% 835 koz Strip Ratio Total Mill Feed Mill Head Grade Average Gold Recovery Total Ounces Recovered
Slide 10: Key Opportunities – Expansion and Exploration
Key Opportunities – Expansion and Exploration Box Mineral Resource Expansion ► Pit expansion into deeper resources possible at higher PEA gold prices. ► Deeper drill results suggests presence of higher-grade “shoots”. Additional drilling required to define continuity and assess underground mining ec
Slide 11: Uranium Projects, Saskatchewan
Targeting High-Grade Athabasca Basin Uranium ► Seven high-potential projects Uranium Projects, ► Targeting high-grade basement-hosted deposits Favorable geology & structure Saskatchewan ► ► Numerous high-grade (>1% U3O8) surface showings ► Recent drilling discovery of 0.30 % U3O8 over 8.40 m includi
Slide 12: High-Potential Uranium Projects
High-Potential Uranium Projects Over 60,000 hectares on the Underexplored NORTHWEST TERRITORIES Northern Rim of the Athabasca Basin SASKATCHEWAN Strike Pine The Woods Birch Goldfields Uranium Projects Spruce Gold Project Fir Aspen Murmac Athabasca Basin 100 km Significant uranium deposits/developmen
Slide 13: Validated Uranium Targeting Concept
Validated Uranium Targeting Concept ► Targeting high-grade basement-hosted deposits immediately outside present-day Athabasca Basin margin (e.g. Arrow, Triple R, Eagle Point) ► Deposits are associated with graphite-rich basement rocks (EM conductors) and major structures ► Outside of the Basin these
Slide 14: Murmac & Strike - Poised for Shallow, High-Grade Discovery
Murmac & Strike - Poised for Shallow, High-Grade Discovery Historical: Drilling Highlights - All mineralization intersected within 150 m from surface ► Over 70 Mlbs U3O8 produced in Uranium Beaverlodge City area Uranium City Strike S22-013 ► Graphitic corridors not targeted (favored hosts for high-g
Slide 15: A New Frontier for Uranium Discovery
A New Frontier for Uranium Discovery The Woods Uranium Projects NORTHWEST TERRITORIES SASKATCHEWAN ► District-scale opportunity (5 projects, ~40,000 hectares) The Woods Uranium Projects ► A dominant land position along the Grease River Shear Zone (“GRSZ”) within 30 kms of the Lake Athabasca Athabasc
Slide 16: The Woods - Highest Lake Sediment U Anomalies in Saskatchewan
The Woods - Highest Lake Sediment U Anomalies in Saskatchewan * Lake sediment uranium anomalism correlates Extreme uranium anomalism in The with major structures & known deposits Woods Projects area The Woods Uranium Projects Athabasca Basin Athabasca Basin Athabasca Basin 20 km ► Highest uranium la
Slide 17: The Woods – Potential for Discovery
The Woods – Potential for Discovery Significant U deposits/developments ► Significant Uranium Endowment - Extreme surface uranium SDMI & highlight uranium occurrences 430 ppm U Historical exploration identified Drill holes 0.39% U3O8 anomalism Lake sediments with numerous uranium occurrences of vein
Slide 18: Ixhuatán Project, Chiapas State, Mexico
Top-tier Copper-Gold Potential ► Geological setting parallels most of the giant porphyry deposits worldwide Ixhuatán Project, ► Previous exploration focused on epithermal gold; porphyry system unexplored Mineralization encountered to date is characteristic of the upper portion of a district-scale Ch
Slide 19: Potential for Major Copper-Gold Porphyry Discovery
Bingham Canyon, USA Potential for Major Mendicino Fracture Zone 3.2 GT @ 0.88% Cu Copper-Gold Porphyry Discovery “In the last 20 m.y., the formation of giant porphyry copper-molybdenum and copper-gold deposits in the circum-Pacific region has been closely associated with subduction of aseismic ridge
Slide 20: Potential for Major Copper-Gold Discovery
Potential for Major Copper-Gold Discovery Regional Magnetics Helimag RTP Ixhuatán 15 km Ixhuatán Tenement Boundary 10 km 20
Slide 21: Potential for Major Copper-Gold Discovery
Potential for Major Copper-Gold Discovery A’ N ElChichón ► Favorable tectonic setting - subduction of a major aseismic ridge Historical Highlights: ► Thin reactive cover rocks (limestone Santa Fe skarn: 0.6% Cu, 2.4 g/t Au, 120 g/t Ag and 1.30% Pb (mine average grade) and anhydrite-halite) Cerro La
Slide 22: Underexplored Copper Potential
Underexplored Copper Potential Similar copper potential expected to exist at Santa Fe Drill holes ► Previous exploration focused on gold in the cover rocks (lithocap) Soil Cu ppm ► Strong copper mineralization at Cerro La Mina, Caracol & Santa Fe provides precedent for a copper system Limestones ► N
Slide 23: Multiple Opportunities
Multiple Opportunities C = Carbonate base-metal + Au target ► Advancement of Campamento L = Low sulphide Au-Cu target ► Resource expansion P = Porphyry/Skarn Cu-Au target ► PEA ► Underexplored epithermal gold targets Cacate P-8 ► Central, Caracol, San Isidro, Laguna Chica, Laguna Grande, Western, Ca
Slide 24: Why Invest?
Why Invest? Poised for Growth… Goldfields1 Gold Project Unlock value of ~3 Moz gold resource base 0.98 Moz Gold Indicated 0.21 Moz Gold Inferred CANADA Saskatchewan CANADA Upside through partner-funded uranium exploration The Woods4 Uranium Projects Experienced board & management USA Murmac & Strike
Slide 25: Thank you
Attractive Valuation Poised for Growth Scan for more information Thank you Tel: +1 902-334-1919 info@fortunebaycorp.com Follow our Social Channels www.fortunebaycorp.com TSXV: FOR | FWB: 5QN | OTCQB: FTBYF