Bwr Exploration Inc. · TSXV:BWR
Bwr Exploration — Investor Presentation (January 2025)
38 slides from Bwr Exploration's investor presentation, January 2025
Slide 1: Corporate Presentation
Corporate Presentation Flow Through Exploration Funding Opportunity in three Provincial Jurisdictions Updated January 2025
Slide 2: Cautionary Note Regarding Forward-looking Information
Cautionary Note Regarding Forward-looking Information This presentation contains certain information that may constitute forward-looking information under applicable Canadian securities legislation, including but not limited to information about current expectations on the timing, extent and succe
Slide 3: Management, Founders, Directors and Advisors
Management, Founders, Directors and Advisors Management Independent Directors Advisors Neil D. Novak (B.Sc., FGAC, Norman Brewster: P.Geo.): Founder, President, CEO Mining Executive, Professional Chris Beaumont-Smith (Ph.D.): and Director Geologist Consulting Geologist George Duguay (CPA, CGA, FCIS)
Slide 4: BWR Share Structure
BWR Share Structure (Market Cap of $1 - 3 million) 106,010,461 shares currently issued and outstanding. (52- BWR Shareholders week trading range $0.01 to $0.03) 106,010,461 shares o/s Management (insiders) currently own: 15,572,800 shares Mgmt & BoD 15% (~14.7%) (FD 18.7%) Consultants and Adviso
Slide 5: Three Exploration Projects, with historical resource estimates
Three Exploration Projects, with historical (“non- compliant”) resource estimates of Au, Cu, Ni, Zn All of BWR’s current exploration projects have “uncategorized or categorized in situ resources” identified on them as reported in various government public and industry internal documents. BWR’s strat
Slide 6: BWR's Vision
BWR’s VISION is to transition from a pure gold explorer (at Little Stull Lake Gold Project in NE Manitoba) into a Canadian Critical Metal and Gold Project Incubator, through a pipeline of: Systematic Ni Exploration / Mineral Resource Definition / Cu Critical and Precious Metal Production opportuniti
Slide 7: BWR has 3 Drill Ready Exploration Projects
BWR has 3 Drill Ready Exploration Projects in Central Canada, one Gold(Tungsten) project in NE Manitoba plus two Critical Mineral projects (Ontario and Quebec) Project #1 Project #3 (Ni,Cu, PGM) Project #2
Slide 8: Little Stull Lake Gold Project: Emerging Gold Region
Little Stull Lake Gold Project EMERGING GOLD REGION in (NE Manitoba) Little Stull Lake Gold Occurrence 100% interest in several gold occurrences including the “West Zone”, historically estimated to contain ~750,000 tonnes averaging 10.3 g/t Au as estimated by previous operators circa 1990 Monument B
Slide 9: Project 1: Little Stull Lake Gold (Tungsten?) Project
Project 1: Little Stull Lake Gold (Tungsten?) Project ~600 km NNE of Winnipeg – Fly-in project God’s River First Nation (MSCN) 115 km Little Stull Lake God’s Lake Narrows Red Sucker Lake
Slide 10: BWR's Little Stull Lake Project Location
BWR’s Little Stull Lake Project Location
Slide 11: 383.5 km2 Gold Exploration Property
383.5 km2 Gold Exploration Property ~20 km Northeast of Monument Bay Deposit (ONGold) MSCN and GLFN Traditional Land Use Red Sucker Lake FN Traditional Land Use
Slide 12: Drill-Exploration Camp at Little Stull Lake
Drill-Exploration Camp at Little Stull Lake Little Stull Lake Camp Little Stull Lake Camp Looking East towards Ontario (Nov. 2022) (Nov. 2021) Little Stull Lake (October 2023) Camp can currently accommodate up to 8 exploration personnel, upgrade underway to accommodate up to 12
Slide 13: 20 Claims covering 8 Drill Confirmed Gold Zones
20 Claims (2,400 ha) covering 8 Drill Confirmed (by others) Gold Zones
Slide 14: Initial 2025 drill program focus
Initial 2025 drill program to focus on Beaver Lodge, Rocky and Central Zones
Slide 15: Phase 1a and 1b (2025)
Phase 1a and 1b (2025)~12 holes totaling 2000 meters from six drill setups
Slide 16: Little Stull Lake: West Zone to be drilled in Phase 2
Little Stull Lake: West Zone to be drilled in Phase 2 • 219 holes (37,241 (2026-27 assuming exploration agreement in place) meters) drilled during (Historical pre-NI 43-101 Non-Compliant resource: 750,000 tonnes at 10.3 g/t Au) “Top 13 historical holes”1985-2007 the period 1985 to 2007. N • Most of
Slide 17: West Zone showing prioritized holes for 2026/27 campaign
some of the prioritized holes for 2026/27 campaign WEST ZONE (Sections 3+50E, 10+50E) showing B’ A’ 0 500 m B A A LOOKING NW A’ LS‐074: 5.7 g/t Au over 14.6 m including 72.8 g/t Au over 1.0 m +100 Mineralized Zone LS‐156: 4.6 g/t Au over 13.0 m including 9.2 g/t Au over 6.0 m +0 LS‐175: 7.3 g/t Au o
Slide 18: Vertical Longitudinal Section of West Zone
Vertical Longitudinal Section of West Zone (showing some of the Proposed Holes for 2026/27)
Slide 19: Comparable VLS Agnico Eagle's Monument Bay Project
Comparable VLS Agnico Eagle’s (“ONGold”) Monument Bay Project (20 km. south) project (excerpt from Yamana Gold news release Dec. 2020)
Slide 20: Neil Novak, President / CEO of BWR states
Neil Novak, President / CEO of BWR states: “BWR’s Little Stull Lake Gold Exploration project comprises about 400 square kilometers within Treaty 5 (Adhesion), it has the potential to be the foundation for a proposed dynamic exploration partnership with Indigenous Communities in NE Manitoba including
Slide 21: $1,000,000 FT Exploration Budget for Little Stull Lake
$1,000,000 FT Exploration Budget for Little Stull Lake for summer/fall 2025 drill project ($1 million FT exploration budget contingent on success of phase 1) Initial planning and prep (spring’25) (~$0.20 million FT) + $250K HC Establish dynamic partnership agreement with Gods Lake First Nation (+/
Slide 22: Project 2: Vendôme Sud Ni+Cu (PGM) Project
Project 2: Vendôme Sud Ni+Cu (PGM) Project: Fiedmont Township, NW Quebec, (permit for drill program takes about 1 month) Val d’Or 37km
Slide 23: Historical Non-Compliant near surface resource of 317,000 tonnes
Historical “Non-Compliant” near surface resource of 317,000 tonnes 0.82% Ni, 0.68% Cu (+PGM’s) Vendôme Sud Project 100% interest in hybrid MMS project targeting Nickel, Copper, Zinc, Gold, Silver and PGM’s Property consists of 16 lots covering 678 hectares of favorable geology for massive sulphides
Slide 24: Strategically located amongst other exploration projects in Abitibi
Strategically located amongst other exploration projects in Abitibi, initial drilling by BWR in 2021
Slide 25: Seven historical drill confirmed mineral occurrences on Property
Seven historical drill confirmed mineral occurrences on Property 123 holes totaling 21,638 meters historically drilled on Project (1950- 1992) Project area is regionally folded and faulted possibly explaining why it has remained unexplored recently Possible VMS target(s) Possible MMS target(
Slide 26: Two Main Zones selected for confirmatory testing
Two Main Zones selected for confirmatory testing in early 2021 8 holes proposed, 4 of which were drilled in summer 2021, each of which intersected Cu + Ni. Subsequent analysis identified anomalous (significant) PGM’s in 3 holes, supporting MMS style mineralization Completion of additional 4 ho
Slide 27: 2021 Drill Program of recommended holes drilled / results
2021 Drill Program 4 of 8 recommended holes drilled / results Hole Number From To Interval Cu % Ni % BWR-V-21-01 65.5 103.3 37.8 0.34 0.27 including 65.5 81 15.5 0.44 0.36 containing 66.75 73.5 6.75 0.59 0.56 followed by 87.5 96 8.5 0.54 0.31 BWR-V-21-02 79.9 121.6 41.7 0.21 0.12 including 79.9 101.
Slide 28: $350,000 Exploration Budget for Vendome 2024 Project
$350,000 Exploration Budget for Vendome 2024 Project Desk Study (winter 2025) Enter selected historical and recent drill / geophysical data into 3D model of selected mineral occurrences (~$50,000) Diamond Drilling program (additional downhole geophysics may be required for summer 2025 drill progra
Slide 29: Project 3: Shunsby Cu+Zn (Pb, Ag) Project
Project 3: Shunsby Cu+Zn (Pb, Ag) Project: Cunningham Township, Central Ontario, Road Accessible, Patent Land Sampling during 2011 site visit
Slide 30: Historical Non-Compliant resource estimate of 2.6 million tonnes
Historical “Non-Compliant” resource estimate of 2.6 million tonnes 1.8% Zinc, 0.47% Cu (Union Miniere 1969) surface pits Shunsby Project 70.4% accretive JV interest in Cu-Zn-Pb-Ag property • Property consists of 20 Patent Mining claims (surface and mineral rights) • Road accessible, Infrastructure (
Slide 31: Western flex of Swayze Syncline
Western flex of Swayze Syncline Current Exploration/Development Activity Newmont’s Borden Gold Mine (near Chapleau) Proven & Probable 0.96 million ounces; producing mine Platinex’s Heenan and Mallard Project; exploration Iamgold’s Coté Gold project; gold production commenced summer of 2024, Pr
Slide 32: BWR drill program in 2014 provided Validation/Verification
BWR drill program in 2014, provided Validation/Verification of historical drill results, reasonable match, more drilling required
Slide 33: Regional Geological Interpretation of Western portion of Swayze Syncline
Regional Geological Interpretation of Western portion of Swayze Syncline infers the existence of VMS setting with tops to East (personal communication with Jim Franklin)
Slide 34: VMS setting tops to ENE
VMS setting tops to ENE Historical exploration (1954 – 2014) including 220 holes totaling 24,211 m (including 6 holes drilled by BWR in 2014) focused on stringer zone exploration, concluded that there are two TO primary exploration targets on P Shunsby property: of V i) searching for classic MS
Slide 35: VMS setting tops to ENE
VMS setting tops to ENE Historical exploration (1954 – 2014) including 220 holes totaling 24,211 m (including 6 holes drilled by BWR in 2014) focused on stringer zone exploration, concluded that there are two primary exploration targets on Shunsby property: i) searching for classic volcanogenic
Slide 36: $450,000 Exploration Budget for Shunsby 2025 Project
$450,000 Exploration Budget for Shunsby 2025 Project Geophysical / Geological desk study program (fall’25) Complete a/b gravimetric/EM survey over property, re-establish drill grid (~$150,000) Diamond Drilling program (winter’ 26) Drill 4 exploratory holes totaling ~1,000 meters (@ $250/m) in su
Slide 37: Flow-Through Exploration Proposal(s) for up to $1.80 million
Flow-Through Exploration Proposal(s) for up to $1.80 million in CEE in three provincial jurisdictions ($1 million FT summer/fall 2025 drill program contingent on phase 1 at LSL) Little Stull Lake Gold Project (Manitoba) ..exploration permit pending $1.0 million in exploration, geophysics and diamond
Slide 38: 82 Richmond St. E. Toronto ON M5C 1P1
82 Richmond St. E. Toronto ON M5C 1P1 Neil Novak,P.Geo.(President/CEO) E nnovak@bwrexploration.com T 416 846-6866
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