Arizona Metals Corp · TSX:AMC
Arizona Metals — Investor Presentation (June 2020)
28 slides from Arizona Metals's investor presentation, June 2020
Slide 1: Unearthing a World-Class Gold-Copper-Zinc VMS Deposit
TSX.V: AMC Unearthing a World-Class Gold-Copper-Zinc VMS Deposit June 2020
Slide 2: Forward-Looking Statement
Arizona Metals Corp. (TSXV:AMC) Forward-Looking Statement Statements contained in this presentation that are not gold will be sustained or will improve; that general business two mineral projects; the nature of mineral exploration and historical facts are “forward-looking information” or “forward- a
Slide 3: Investment Highlights
Arizona Metals Corp. (TSXV:AMC) Investment Highlights • Two 100%-owned projects with no future payments • Strong community and political support for both projects • Kay Mine VMS Project: – Historic resource of 5.8Mt at 2.8g/t Au, 2.2% Cu, 3.03% Zn, 55/g/t Ag (Exxon, 1982) – North Zone 2020 drill res
Slide 4: Leadership Team
Arizona Metals Corp. (TSXV:AMC) Leadership Team Marc Pais, President and CEO, Director Paul Reid MBA, Executive Chairman • B.Sc. Geological Engineering (Mineral Exploration) from Queen’s • 15 years of experience in financing mineral exploration, development University and production assets • Founder
Slide 5: Capital Structure and Analyst Coverage
Arizona Metals Corp. (TSXV:AMC) Capital Structure Analyst Coverage Shares Outstanding (basic) 63.8M Michael Gray Market Capitalization $47M Options 9.8M Warrants 12M Tyron Shares Outstanding (FD) 85.6M Breytenbach Cash at May 31, 2020 $8.3M Brock Salier Ownership by Management and Insiders 16M (25%)
Slide 6: Kay Mine Project Overview – located in prolific mining district
Arizona Metals Corp. (TSXV:AMC) Kay Mine Project Overview – located in prolific mining district 6
Slide 7: Historic Resource is 52% Precious Metals by Value at Spot Prices
Arizona Metals Corp. (TSXV:AMC) Historic Resource is 52% Precious Metals by Value at Spot Prices Kay Deposit Value by Metal Kay Mine Tonnes (Mt) 5.8 Cu grade (%) 2.20% Gold (44%) Copper (32%) Zn grade (%) 3.03% Silver grade (g/t) 55 Gold grade (g/t) 2.81 Metal content calculated at metals prices of
Slide 8: Significant Historic Exploration Expenditures from 1923 to 1982
Arizona Metals Corp. (TSXV:AMC) Significant Historic Exploration Expenditures from 1923 to 1982 Estimated Total Estimated Historic Work Unit Cost Cost 2020 2020 ($millons) 2 access shafts to 450m each (3m x 3m) $50,000/m 45 2 ventilation shafts to 450m each (1.5m x 1.5m) $25,000/m 23 4,600m undergro
Slide 9: Large Database of Historic Exploration Work (1921-1982)
Arizona Metals Corp. (TSXV:AMC) Large Database of Historic Exploration Work (1921-1982) Source: Estimates by Arizona Metals Corp. Data from Exxon Minerals 1972-1982 * The historical estimates for the Kay Mine and Sugarloaf Peak Projects predate and are unclassified and not compliant with NI 43-101 g
Slide 10: First Holes of Phase Program completed March 2020
Arizona Metals Corp. (TSXV:AMC) First 9 Holes of Phase 1 Program completed March 2020 (drilling temporarily suspended due to Covid-19 Pandemic) Highlights of the first six holes in the North Zone include: • KM-20-03: 2.7m grading 5.41% CuEq (incl. 0.9m of 10.32% CuEq), from a depth of 120m • KM-20-0
Slide 11: Kay Mine North Zone Initial Drill Results – Core Samples
Arizona Metals Corp. (TSXV:AMC) Kay Mine North Zone Initial Drill Results – Core Samples Hole KM-20-03 at depth of 256m downhole, grading Hole KM-20-05 at depth of 267m downhole, grading 7.4% Cu, 1.8g/t Au, 56g/t Ag, and 1.1% Zn. 10.6% Cu, 2.2g/t Au, 50g/t Ag, and 1.0% Zn. This image is of a selecte
Slide 12: Kay Mine South Zone Initial Drill Results – Core Samples
Arizona Metals Corp. (TSXV:AMC) Kay Mine South Zone Initial Drill Results – Core Samples Hole KM-20-09, from 2079’ to 2088’ down-hole. The interval displayed above is part of a longer interval of 4.4m grading 5.5g/t gold and 9.1% zinc. This image is of a selected interval and is not representative o
Slide 13: Expansion Potential at Depth
Arizona Metals Corp. (TSXV:AMC) Expansion Potential at Depth Source: Estimates by Arizona Metals Corp. Data from Exxon Minerals 1972-1982 * The historical estimates for the Kay Mine and Sugarloaf Peak Projects predate and are unclassified and not compliant with NI 43-101 guidelines. Significant data
Slide 14: Formation of VMS Deposits
Arizona Metals Corp. Formation of VMS Deposits Massive sulphide lenses form on seafloor and are then folded to a vertical orientation during metamorphic events Massive Sulphide Lens After Hannington et al., 1999 14
Slide 15: Expansion Potential Along Strike – SRK Structural Mapping
Arizona Metals Corp. (TSXV:AMC) Expansion Potential Along Strike – SRK Structural Mapping 3770500 3770500 390500 391000 391500 392000 392500 393000 ¸ 3770000 3770000 ! ( 3769500 3769500 ! ( ! ( ¸ ! ( ! ( ! ( ¸ ! ( ! ( ! ( Kay Mine ! ( Western Conductor 3769000 3769000 Central Conductor ¸ Legend ! (
Slide 16: March 2019 VTEM survey defined large untested targets west of Kay Mine
Arizona Metals Corp. (TSXV:AMC) March 2019 VTEM survey defined large untested targets west of Kay Mine 390500 391000 391500 392000 392500 393000 393500 3770500 3770500 ¯ ( KA-2 ! ( KA-5 ! K-17 ( ! 9 8 7 6 5 4 3 2 1 46 ¸Shaft No 3 3770000 3770000 K-1 ( ! 10 11 12 13 14 15 16 17 18 47 K-5 K-3! (K-4 KA
Slide 17: Arizona Metals Corp. (TSXV:AMC)
Arizona Metals Corp. (TSXV:AMC) • 3 drill holes proposed to test the Central Conductor (MX2) and 6 for the Western Conductor (MX1) 17
Slide 18: Kay Mine Deposit compared to LaRonde Mine
Arizona Metals Corp. (TSXV:AMC) Kay Mine Deposit compared to LaRonde Mine * The historical estimates for the Kay Mine and Sugarloaf Peak Projects predate and are unclassified and not compliant with NI 43-101 guidelines. Significant data compilation, re-drilling, re-sampling and data verification may
Slide 19: Grades, Widths and Depths of Similar VMS Deposits
Arizona Metals Corp. (TSXV:AMC) Grades, Widths and Depths of Similar VMS Deposits Company Agnico Glencore Hudbay AMC Lalor Lake VMS Deposit LaRonde Kidd Creek Kay Mine (Base Metals) Resource Tonnes (Mt) 13 38 15 5.8 6.4% CuEq Resource Grade 3.5% CuEq 4.4% CuEq 6.4g/t AuEq (6.3g/t AuEq) Cut-off Grade
Slide 20: AMC is Undervalued Relative to Peer VMS Companies
Arizona Metals Corp. (TSXV:AMC) AMC is Undervalued Relative to Peer VMS Companies Kay Mine EV/Resource (cents/lb) Compared to Cu-Au VMS Peers 30.0 CuEq/lb Avg CuEq 27.7 25.0 EV/Resource CuEq (cents/lb) 20.0 15.0 12.2 11.2 10.0 Average: 9.0 cents/lb 5.3 5.0 3.8 2.8 0.0 Sun Metals Kay Mine Aquila Atic
Slide 21: VMS Deposits - Grade vs Tonnage
Arizona Metals Corp. (TSXV:AMC) VMS Deposits - Grade vs Tonnage 7.0% Arizona Metals Corp ? 6.0% Atico (production) 5.0% Lalor Lake (production) Copper Grade (% CuEq) Adventus Kidd Creek (production) 4.0% Constantine Sandfire NA La Ronde (production) Aquila Kutcho 3.0% Sun Metals 2.0% 1.0% 0.0% 0 5 1
Slide 22: Strong Community Support for Kay Mine Project Development
Arizona Metals Corp. (TSXV:AMC) Strong Community Support for Kay Mine Project Development “Arizona Metals Corp. is the kind of company and operation we want to see in rural Arizona. When you combine this thoughtful approach to doing things the right way with the potential this project has to ultimat
Slide 23: Sugarloaf – Deposit Open Laterally and at Depth
Arizona Metals Corp. (TSXV:AMC) Sugarloaf – Deposit Open Laterally and at Depth * The historical estimates for the Kay Mine and Sugarloaf Peak Projects predate and are unclassified and not compliant with NI 43-101 guidelines. Significant data compilation, re-drilling, re-sampling and data verificati
Slide 24: Sugarloaf – Untested IP Anomalies at Depth show Potential for Higher Grade Feeder Zones
Arizona Metals Corp. (TSXV:AMC) Sugarloaf – Untested IP Anomalies at Depth show Potential for Higher Grade Feeder Zones 3 7 -00 R- -09 N SW 9-00 2 SLP 0 -0 WW-8 500 SLP 372 2 0N WW-7 1-0 L-1 550 SG HOLES PLOTTED 372 SWR-12 TOTAL 32 04 CS-12 -0 9-0 SLP 10 SWR-9 CS-12 CS-7 SGL-11-02 SGL-11-06 R- SW 0E
Slide 25: Sugarloaf Compared to Heap Leach Exploration Deposits
Arizona Metals Corp. (TSXV:AMC) Sugarloaf Compared to Heap Leach Exploration Deposits Average Total Shares EV / Share Enterprise Total Grade Ounces Company Symbol Deposit Location Price Value (M) Tonnes Resource O/S (M) (g/t Au) (MozAu) ($/oz) North Corvus Gold KOR-T Nevada 124 $1.98 $223 70 0.63 1.
Slide 26: Sugarloaf Historic Grade Compared to Heap Leach Mines
Arizona Metals Corp. (TSXV:AMC) Sugarloaf Historic Grade Compared to Heap Leach Mines Gold Grade Company Deposit Location Status (g/t) Northern Vertex Moss Arizona Producing 0.84 Victoria Gold Eagle Yukon Producing 0.65 Kinross Bald Mountain Nevada Producing 0.60 Fiore Pan Nevada Producing 0.58 Kinr
Slide 27: Summary
Arizona Metals Corp. (TSXV:AMC) Summary • Two 100% owned projects in mining-friendly Arizona • Excellent infrastructure at both projects-road, power and water access • Kay Mine is a high-grade VMS target with historic estimate of 5.8Mt at 6.4% CuEq* • Sugarloaf is a near-surface, open-pit target wit
Slide 28: Contact
Arizona Metals Corp. (TSXV:AMC) Contact Marc Pais President & CEO 416.565.7689 mpais@arizonametalscorp.com Paul Reid Chairman 416.845.9311 preid@arizonametalscorp.com Website http://www.arizonametalscorp.com/ Twitter https://twitter.com/ArizonaCorp 28