Black Bear Minerals Limited · ASX:BKB
Black Bear Minerals — James Bay Minerals — Resources Rising Stars – Summer Series (December 2024)
17 slides from Black Bear Minerals's conference presentation, Dec 3, 2024
Slide 1: Investor Presentation – Resources Rising Stars Summer Series
INVESTOR PRESENTATION ASX CODE: JBY Resources Rising Stars – Summer Series 3 December 2024
Slide 2: Important Information
Important Information DISCLAIMER & CAUTIONARY STATEMENTS This Presentation has been prepared by James Bay Minerals Limited (Company) based on information from its own and third party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgeme
Slide 3: Independence Gold Project Highlights
Independence Gold Project Highlights ✓ Advanced project located in Nevada, America’s top-tier gold mining jurisdiction. ✓ NI 43-101 Mineral Resource Estimate of 1.18Moz Gold with 7.6Moz silver credit*. ✓ High grade component of 796,200 Oz Au at 6.53g/t Au open all directions. ✓ 334,300 oz Au Measure
Slide 4: Corporate Summary
Corporate Summary Current Shares on Issue Market Capitalisation 61.46M $66.39M Transaction Consideration and Placement Shares1 Cash in Bank 28.25M ~$2,74M (Excluding ~$888k Accrued Canadian Mining Tax Credits) Total Post Transaction Shares on Issue 89.71M Share price (Close Price 25/11/24) Balance o
Slide 5: Board of Directors
Board of Directors Andrew Dornan Gerard O’Donovan Judy Baker Dean Ercegovic Executive Director Non-Executive Chair Non-Executive Director Non-Executive Director Founder of ASX: JBY and SS1 with over 19 Executive Director of Sun Silver, holding a large Currently CEO and President of Argo Gold Non-Exe
Slide 6: World Class Jurisdiction & Advanced Permitting
World Class Jurisdiction & Advanced Permitting • Nevada has consistently been voted top mining jurisdiction by the Frasers Institute. • ~75% of the US gold comes from Nevada. • Direct neighbours NGM (Newmont / Barrick JV). • Project sits within the Phoenix Mine Complex Plan of Operations. • Advanced
Slide 7: Permitting Assessment Pathways
Permitting Assessment Pathways Assessment Pathway Purpose Timeframe Approx. Costs Status Comments Fully analysis NGM completed for Phoenix Gold Mine, ENVIRONMENTAL IMPACT significant impacts ~24 months $2m - $5m Completed Independence Gold Project sits within the STATEMENT (EIS) and alternatives. as
Slide 8: NI 43-101 Mineral Resource
NI 43-101 Mineral Resource Independence Near Surface Mineralisation Measured and Indicated Resources • Updated estimate in May 2021 incorporating data from Oxidation Ounces Ounces Ounces 92 RC holes. (Cutoff) Tonnes Gold Silver Gold Eq. Gold Silver GoldEq (gr. Au/tonne) Oxide (0.175) 24,100,000 0.35
Slide 9: High Grade Skarn – World Class Potential
High Grade Skarn – World Class Potential • Current NI 43-101 Inferred resource of 796,200 oz gold @ 6.5 g/t based on holes drilled by Noranda between 1984 and 1987, and two core holes drilled by Great Basin Gold in 1997. • Skarn has significant expansion potential to the north, south and at depth. •
Slide 10: Near Surface – Resource Expansion
Near Surface – Resource Expansion Near-surface high-grade drilling intercept outside existing mineral resource1: • 24.4m at 9.11g/t Au and 25.2g/t Ag (Hole AGEI-32), including: 18.3m at 12.06g/t Au and 30.7g/t Ag 9.1m at 23.16g/t Au and 49.8g/t Ag Near-surface high-grade drilling intercepts include1
Slide 11: Near Surface – Resource Expansion
Near Surface – Resource Expansion • Rock chip samples up to 31.7g/t Au1. • Eight rock chips over 11.7g/t Au1. • Geological structures between NI 43-101 mineral resource and eastern boundary are the same, height difference is a slip fault. • Mineralisation trending up the hill from west to east is ex
Slide 12: Drilling Underway
Drilling Underway • 2,000m of drilling commenced at Independence Gold Project. • Drilling will consist of a combination of Reverse Circulation (RC) and Diamond drilling. • Diamond holes will gather first structural data through the Mineral Resource orebodies and target extensions to mineralisation a
Slide 13: N.G.M Phoenix Gold Complex
N.G.M Phoenix Gold Complex (Newmont and Barrick Joint Venture) Mine Statistics Annual Production 240 k Oz p.a. Gold Grade As low as 0.32 g/t Strip Ratio 1.17 Recovery Up to 78% N.G.M. Nevada Complex's James Bay Minerals 13 Phoenix has the lowest-cost operation of N.G.M’s Operations (Cash Cost and AI
Slide 14: Forward Looking Strategy / Value Levers
Forward Looking Strategy / Value Levers • Expand and convert NI 43-101 Mineral Resource to JORC 2012. • Rock chip sampling outside the defined mineral resource areas for expansional drilling targets. • Grow existing near surface mineral resource at depth, expansional drilling commenced. • Increase e
Slide 15: Contact Information
Contact Information: Investor Relations: Andrew Dornan Nicholas Read Executive Director Read Corporate James Bay Minerals Limited Phone: (08) 9388 1474 www.jamesbayminerals.com.au Email: nicholas@readcorporate.com.au
Slide 16: Appendix 1 – NI 43-101 Mineral Resource
Appendix 1 – NI 43-101 Mineral Resource Independence Near Surface Mineralisation Measured Resources Oxidation (Cutoff) Ounces Ounces Ounces Tonnes Gold Silver Gold Eq. (gr. Au/tonne) Gold Silver GoldEq Oxide (0.175) 7,634,000 0.38 9.71 0.43 92,500 2,382,000 105,800 Transition (0.215) 946,000 0.47 9.
Slide 17: Appendix 2 – EIS and EA Pathways
Appendix 2 – EIS and EA Pathways ENVIRONMENTAL IMPACT STATEMENT (EIS) ~24 MONTHS ENVIRONMENTAL ASSESSMENT (EA) 8 - 12 MONTHS 1. RFP for an EIS contractor issued, Proposals submitted, EIS contractor selected 1. Supplemental Environmental Reports (SERs) prepared and submitted to the BLM 2. BLM identif
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