Metallic Minerals Corp. · TSXV:MMG

Metallic Minerals — Investor Presentation (August 2025)

55 slides from Metallic Minerals's investor presentation, August 2025

  1. Slide 1: Silver, Gold, Copper & Critical Minerals

    SILVER, GOLD, COPPER & CRITICAL MINERALS IN THE HIGH-GRADE LA PLATA AND KENO HILL MINING DISTRICTS CRITICAL MINERALS La Plata Project Colorado, USA Corporate Presentation August 2025 TSX.V: MMG | OTCQB: MMNGF 1

  2. Slide 2: Forward-Looking Information

    TSX-V: MMG OTCQB: MMNGF Forward-Looking Information Third-Party Information This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Where this presentation quotes any information or statistics from any external source, Metallic Minerals Inc

  3. Slide 3: Value Through Discovery

    TSX-V: MMG OTCQB: MMNGF COPPER, SILVER, GOLD & CRITICAL MINERALS: CRITICAL MINERALS Metallic Minerals is lead by an experienced management team with a track record of Tier 1 discoveries as co-founders of VALUE NovaGold and other leading companies. Our objective is to create shareholder value through

  4. Slide 4: The Metallic Group

    The Metallic Group A Collaboration of Leading, Independent Exploration Companies TSX.V: MMG TSX.V: PGE OTCQB: MMNGF OTCQB: PGEZF Experience with leading Building on a Proven Model for A Track Record of explorers, developers and Value Creation Discoveries producers Board and Management with Credited

  5. Slide 5: The Metallic Group: Strategy & Approach

    The Metallic Group A Collaboration of Leading, Independent Exploration Companies TSX.V: MMG TSX.V: PGE OTCQB: MMNGF OTCQB: PGEZF Strategy & Approach to Business Built on the NovaGold Model Leadership Properties Acquisitions Technology Value Infrastructure Experienced Identify Potential Make Acquisit

  6. Slide 6: Track Record of Value Creation

    Track Record of Value Creation TSX-V: MMG OTCQB: MMNGF Metallic Group Team Experience with NovaGold – Discovery, Expansion and Advancement to Feasibility 1 Donlin1 Donlin2 Galore3 Ambler4 Resource Market Cap / Market Cap / Resource Market Cap / M&I Resource M&I Resource M&I Resource Growth Purchase

  7. Slide 7: Enterprise Value Increase

    Exploration / Development Value Curve Typical Enterprise Values by Stage Development Stages Resource Stage PEA Stage PFS Stage Feasibility Stage Production & Value Creation Strategic Equity Investment by Majors for projects that show exceptional potential Transition to Production Often a pause in va

  8. Slide 8: Leadership

    LEADERSHIP Scott Petsel, P.Geo, MBA TSX-V: MMG OTCQB: MMNGF Greg Johnson Rebecca Moriarty CPA, CA President Chief Executive Officer & Board Chairman 35+ years experience in global exploration, mine geology, project Chief Financial Officer 35+ years in industry with a track record of exploration disc

  9. Slide 9: Newmont Strategic Investment

    NEWMONT STRATEGIC INVESTMENT TSX-V: MMG OTCQB: MMNGF La Plata Focused 9.5% Investment Announced May 2023: $6.3 million initial investment by Newcrest (acquired by Newmont in November 2023) at a subscription price of C$0.40 per unit. Additional $6.5 million in proceeds with exercise of the warrants a

  10. Slide 10: Leveraging geologic expertise and new technologies

    TSX-V: MMG OTCQB: MMNGF Leveraging geologic expertise and new technologies U.S. Geological Survey (USGS) and the Colorado Geological Survey and USGS 9.5% Strategic Investment have identified the La Plata district as an Colorado Geological Survey are Announced May 2023 mapping the historic La Plata m

  11. Slide 11: La Plata, Keno Silver, Klondike Gold

    TSX-V: MMG OTCQB: MMNGF LA PLATA KENO SILVER KLONDIKE GOLD COPPER-SILVER-GOLD PROJECT SILVER-LEAD-ZINC-GOLD PROJECT ALLUVIAL PRODUCTION Precious Metals Rich Porphyry High-Grade Silver Gold Royalties 1.21 Blbs Cu 18.2 Moz AgEq $$$ Royalty agreement in place with 2024 alluvial gold production 17.6 Moz

  12. Slide 12: La Plata

    TSX-V: MMG OTCQB: MMNGF LA PLATA COPPER-SILVER-GOLD-PGE PROJECT Updated NI 43-101 Inferred Resource Estimate Announced July 2023 1.21 BLBS CU1 17.6 MOZS AG1 (0.37% Cu, 3.92 g/t Ag) 1) See Metallic Minerals News Release July 31, 2023, on updated 43-101 Resource Estimate 12

  13. Slide 13: Copper Production Shortage Forecasted

    TSX-V: MMG OTCQB: MMNGF PRODUCTION SHORTAGE FORECASTED Fewer major discoveries Operating mines are depleting, Demand is rising from have limited new production and global grades are declining electrification, modernizing the coming online grid, and global development Projected Global Copper Shortfal

  14. Slide 14: World Class Metallogenic Province for Copper, Silver, Gold

    TSX-V: MMG OTCQB: MMNGF Rio Tinto Bingham Copper King Bingham Tintic Belt Cu-Au Canyon Continental Scale Structures (Gravity and Magnetics) Tintic District Henderson Climax World Class Metallogenic Global HQ Province for Copper, Silver, Central City Lisbon Valley Au Gold, and Critical Minerals Leadv

  15. Slide 15: Regional Infrastructure and Access

    Transparency Professionalism Commitment TSX-V: MMG OTCQB: MMNGF REGIONAL INFRASTRUCTURE AND ACCESS The La Plata Project is located in the La Plata Mountains between Cortez and Durango Hermosa Cortez FSR 567 550 20-minute drive from Mancos Mayday Durango via highway 160 160 and County Road CR 124 124

  16. Slide 16: A long history of mining in the La Plata district

    TSX-V: MMG OTCQB: MMNGF A long history of mining in the La Plata district  Ancestral use: area used for traditional gathering and ochre sites  1700s: Silver discovered by Spanish explorers in La Plata Mountains  1870s – 1940s: High-grade silver and gold production from 90 different prospects and

  17. Slide 17: Alkaline Porphyry Deposits

    TSX-V: MMG OTCQB: MMNGF Precious metal rich copper porphyries are multi-generational assets Deposit class includes some of the world’s largest, highest-grade and longest-lived copper producers Rio Tinto Alkaline Porphyry Deposits Bingham Canyon (Utah, USA) Galore Creek (BC, Canada) P&P: 7 Blbs Cu, 5

  18. Slide 18: La Plata – Potential District Scale Porphyry Corridor

    TSX-V: MMG OTCQB: MMNGF La Plata – Potential District Scale Porphyry Corridor La Plata 6km La Plata Allard Au >0.1g/t in soils Cu >500ppm in soils 0.2% CuEq (Cu & Mo >20ppm in soils Ag) cut off Allard Resource Cadia Similarities to other Exploration Target Concept large scale precious metals rich al

  19. Slide 19: Exploration Target Areas

    TSX-V: MMG OTCQB: MMNGF EXPLORATION TARGET AREAS La Plata project area looking south. Target areas shown in white italics. Mancos, Co Cortez, Co Durango, Co Allard Resource 25 km2 Porphyry Complex Madden Alteration Signature Morning Star Copper Age Allard Tunnel Evening Star East Mancos Rd Renegade

  20. Slide 20: La Plata surface rock sample results over soil geochemistry

    TSX-V: MMG OTCQB: MMNGF • La Plata Project showing surface Boren Gulch rock sample results over soil 6.37% CuEq, 0.71% Cu, 426 g/t Ag, geochemistry contours 1.92 g/t Au, 41.3 g/t Te Little Kate 27.57% CuEq, • Copper >200 ppm 32.0 g/t Au Gold >0.1 ppm Morning Star • High Au-Ag-Te epithermal 5.12% CuE

  21. Slide 21: Surface rock sample results over undrilled targets

    TSX-V: MMG OTCQB: MMNGF CuEq Cu Ag Au Pt Pd Au+PGE Te • La Plata project district significant surface rock sample results over Target Style (% Rec) (%) (g/t) (g/t) (g/t) (g/t) (g/t) (g/t) 18.36 17.9 169.31 1.18 0.09 0.11 1.37 undrilled targets Copper Hill Porphyry 6.43 0.01 6.24 9.82 0.00 0.01 9.83

  22. Slide 22: La Plata Project looking North towards Spiller Peak

    TSX-V: MMG OTCQB: MMNGF La Plata Project looking North towards Spiller Peak N 25 Km2 Area of Alteration Century Legend Porphyry (Cu, Ag + Au, Pt and Pd) Little Kate Narrow Skarns / Replacements (Ag, Boren Gulch Gauge Group Dolly-B Pb, Zn + Au and Cu) Divide T-29 Vein Systems (Au-Ag-Te) Dolly Morning

  23. Slide 23: La Plata Project Plan Map with Significant Drill Intervals

    La Plata Project 2023 Allard Allard Resource Area Drillhole Traces = CuEq (%) LAP23-08* Inferred Mineral N 551m @ 0.28% CuEq 2 Incl. 72 m @ 0.51% CuEq 2 112.8m @ 0.40% Cu Open Resource ending in mineralization La Plata * CuEq (%) includes a metal recovery factor CA-01 Open AC-08 Project Plan 88 Dril

  24. Slide 24: Isometric Section Looking SW

    ISOMETRIC SECTION LOOKING SW TSX-V: MMG OTCQB: MMNGF 3 3 2 1 2 2 1) See Metallic Minerals News Release February 28, 2023, on 2022 drill results 2) See Metallic News Release April 16, 2024, on 2023 drill results 3) See Technical disclosure slide 51 for calculation of CuEq of historic results 24 24

  25. Slide 25: La Plata Project Significant Drill Intercepts

    TSX-V: MMG OTCQB: MMNGF Drill From Length Au-PGE To (m) CuEq %4 Cu % Ag g/t Au g/t Pt g/t Pd g/t La Plata Project Hole (m) (m) g/t LAP23-08 87 638 551 0.28 0.25 2.17 0.029 0.009 0.02 0.058 Significant Drill Intercepts including 639 711 72 0.51 0.47 4.12 0.029 0.014 0.036 0.079 LAP23-06 221 803 582 0

  26. Slide 26: LAP22-04 Significant Intercepts

    TSX-V: MMG OTCQB: MMNGF Length Au-PGE Drill Hole From (m) To (m) CuEq %4 Cu % Ag g/t Au g/t Pt g/t Pd g/t LAP22-04 (m) g/t LAP22-04 0.0 815.95 815.95 0.41 0.30 2.48 0.038 0.055 0.093 0.186 Significant intercepts 141.73 239.27 97.54 0.31 0.29 2.51 0.029 0.004 0.015 0.048 304.8 815.95 511.15 0.51 0.36

  27. Slide 27: Allard resource cross section and 2025 update

    TSX-V: MMG OTCQB: MMNGF D D’ N Cu % in Rocks Looking Northwest < 0.10 NE 0.10 – 0.25 SW 0.25 – 0.50 2023 Cu % blocks 0.50 – 0.75 0.75 – 1.00 D’ > 1.00 OPEN >0.500 OPEN Cu soil contour >200 ppm 0.400 D 2022 Inferred Resource 0.300 Proposed area of resource drilling at 0.275 Exploration Target grades

  28. Slide 28: 2025 Resource Update and Field Programs

    TSX-V: MMG OTCQB: MMNGF • Update mineral resource estimate with latest drill data • Addition of Au plus PGEs • Higher confidence geologic model for deposit • Field programs targeting: • 5,000 to 10,000 meters of diamond drilling to extend the higher-grade portions of the Allard Resource and test new

  29. Slide 29: USGS Critical Minerals Resource Area

    TSX-V: MMG OTCQB: MMNGF Metallic Tellurium USGS Critical Minerals Resource Area  The USGS has designated the La Plata mining district as a Critical Minerals Resource area under the Earth MRI program due to its alkalic porphyry system and the surrounding and overlapping epithermal mineralization Pla

  30. Slide 30: La Plata 2023 Inferred Mineral Resource Estimate

    TSX-V: MMG OTCQB: MMNGF Updated NI 43-101 Inferred Mineral Resource Estimate Announced July 2023 La Plata 2023 updated Inferred Mineral Resource Estimate Cut-off Grade = 0.25% CuEq (Sensitivity Analysis Shown at Various CuEq Cut-off Grades) 1.21 B LBS CU1 Class CuEq (%) Cut-off Tonnes Cu Grade (%) M

  31. Slide 31: Keno Silver

    TSX-V: MMG OTCQB: MMNGF KENO SILVER SILVER-LEAD-ZINC-GOLD PROJECT Inaugural NI 43-101 Inferred Resource Estimate Announced Feb. 2024 18.2 MOZ AGEQ1 (120 g/t Ag, 0.10 g/t Au, 0.80% Pb, 1.77% Zn) 31 1) See Metallic News Release February 26,2024

  32. Slide 32: Keno Silver Project Location and Infrastructure

    TSX-V: MMG OTCQB: MMNGF Excellent access & power infrastructure KENO SILVER PROJECT ALLUVIAL GOLD Mining is the Yukon’s #1 economic sector with a well-defined regulatory system ALASKA Keno City Existing road access along Yukon highway 11 and 2 Yukon Canada NORTHWEST TERRITORIES Deep sea, year-round

  33. Slide 33: Keno Hill Mill Complex

    TSX-V: MMG OTCQB: MMNGF Keno Hill Mill Complex • Hecla completed acquisition of Alexco Resources in September 2022 • Keno is the highest grade mine in Hecla’s portfolio and will be Canada’s largest silver producer • Production restarted in Q3 2023, ramping to commercial production 2025 Keno Hill Hig

  34. Slide 34: Typical High-Grade Silver, Lead and Zinc Vein Systems

    TSX-V: MMG OTCQB: MMNGF Typical High-Grade Silver, Lead and Zinc Vein Systems High-grade Ag-Pb-Zn Vein  Deposits occur along major Keno Hill structural trends, with Quartzite mineralization in quartzite and greenstone host rocks  Typical mineralization is 1-5 Second-Phase Folding meters in width o

  35. Slide 35: Keno Hill District Resources and Production

    WESTERNWestern KENOKeno HILL HillDISTRICT District Central Keno Hill District EASTERN KENO HILL DISTRICT Eastern Keno Hill District (205 Moz Ag) (220 Moz 1,2 Ag) 1,2 (100 Moz Ag) 1,2 (New Discoveries) (New Discoveries) N Cobalt Hill West Avenue Beauvette Cobalt Fox 2020 Rumtum Formo Sadie Vancouver

  36. Slide 36: Keno Silver 2024 Inaugural Inferred Mineral Resource Estimate

    TSX-V: MMG OTCQB: MMNGF Inaugural NI 43-101 Inferred Mineral Resource Estimate Announced Feb. 2024 Keno Silver 2024 Inaugural Inferred Mineral Resource Estimate Cut-off Grade = 50 g/t AgEq open-pit & 150 g/t AgEq underground 18.2 MOZS Deposit Cut-off Grade (AgEq Tonnes AgEq (g/t) Ag (g/t) Au (g/t) P

  37. Slide 37: Formo: West Keno Hill Silver District

    TSX-V: MMG OTCQB: MMNGF Formo WEST KENO HILL SILVER DISTRICT Historic producer, Formo is Cream and Jean primary host of current resources N Miller Galkeno Sime Keno No Cash Hector- City  The Formo deposit hosts 12.8 Moz AgEq1 Husky Dixie Calumet Eagle Flame & (206 g/t Ag, 0.08 g/t Au, 1.52% Pb, 2.7

  38. Slide 38: Formo Zone Cross Section

    TSX-V: MMG OTCQB: MMNGF Formo Zone Cross Section – Looking NE 135m Section Slice SE Formo Zone NW 900 m FOR20-006: 2.2m @ 740.6 g/t Ag Eq1 Incl. 0.7m @ 2,255.9 g/t Ag Eq1 800 m FOR21-06: Drill Hole Samples 11.4m @ 413.7 g/t Ag Eq2 g/t Ag Eq. Incl. 4.6m @ 938.3 g/t Ag Eq2 <1 and 1m @ 3,229.9 g/t Ag E

  39. Slide 39: Central Keno Hill: Caribou, Homestake, Nabob

    TSX-V: MMG OTCQB: MMNGF CENTRAL KENO HILL SILVER DISTRICT Caribou, Homestake Deposits and Avenue Beauvette Nabob Target N Vancouver Vancouver Rumtum Bounty  Caribou – currently hosts 2.8 Moz AgEq2 (94 g/t Ag, 0.09 g/t Blanco Teach Silver Basin Lightning Creek Au, 0.50% Pb, 0.82% Zn) Inferred Resour

  40. Slide 40: Eastern Keno Hill: Fox Deposit

    TSX-V: MMG OTCQB: MMNGF EASTERN KENO HILL SILVER DISTRICT Cobalt Bulk Minable Potential as starter West Cobalt N Beauvette Avenue resource defined at Fox Deposit Vancouver Bounty Rumtum  Historically an unconsolidated and underexplored area with Teach Silver Basin Lightning common geologic setting

  41. Slide 41: Klondike Gold

    KLONDIKE GOLD ALLUVIAL ROYALTY PROJECT Active Production Royalties Focus on new pit development for expanded production in 2025

  42. Slide 42: Klondike Gold

    KLONDIKE GOLD TSX-V: MMG OTCQB: MMNGF >1000 oz of 2023 Gold production1 on alluvial gold claims at Metallic’s Australia Creek property in the Klondike Gold District. Parker Schnabel Parker Schnabel holds nugget gold from Australia Creek 1) 2023 gold production from Australia Creek TSX: PGE.V OTCQB:

  43. Slide 43: Revenue Generating Production Royalties in Place

    TSX-V: MMG OTCQB: MMNGF Revenue Generating Production Royalties in Place Royalty gold production began in August 2023 on Australia Creek. Royalties continued in 2024 with focus on new pit development for expanded production in 2025 10-15% 10+ Royalties to be Operations will received by Metallic pote

  44. Slide 44: Milestones and Upcoming Catalysts

    TSX-V: MMG OTCQB: MMNGF 2024 Milestones LA PLATA • Inaugural Keno Inaugural resource Colorado Exploration Resource New Target Updated Project & Target Resource Expansion Prioritization Resource Acquisition Development Estimate Estimate • Alluvial royalty production 2016 - 2018 2019 2020 2021 2022 20

  45. Slide 45: World Class Asset Checklist

    TSX-V: MMG OTCQB: MMNGF WORLD CLASS INVESTMENT OPPORTUNITY Experienced Leadership Proven track record of discovery, growth and advancement of Tier 1 assets World Class Asset Backed by Strategic Investors Checklist Opportunity to co-invest along with Newmont Mining and Eric Sprott Potential for Rapid

  46. Slide 46: Potential Increase in Enterprise Value from Resource Growth

    TSX-V: MMG OTCQB: MMNGF Potential 5-10x Increase in Enterprise Value from Resource Growth Through Feasibility Producer Valuations La Plata – A Company Making Asset Feasibility Stage Typically reflect Profit Margin/oz or Profit Margin/lb Explorer / Developer Valuations Typically reflect size and qual

  47. Slide 47: Capital Structure & Relative Performance

    TSX-V: MMG OTCQB: MMNGF SILVER Strategic Investments GOLD Venture Index & RELATIVE PERFORMANCE COPPER MMG.V Recent Share Price (as of August 15, 2025) C$0.21 Shares Issued & Outstanding 204.4M Options (avg. price: $0.33) 13.8M SHAREHOLDER COMPOSITION* Mgmt / Newmont Insiders Eric Sprott Warrants (av

  48. Slide 48: Venture Index

    TSX-V: MMG OTCQB: MMNGF 2025 Current Levels Gold 3316 +80% higher than 2011 XAU 225 3% below 2011 levels GDXJ 71 47% below 2011 levels Venture 773 500% below 2007 levels Venture, GDXJ and XAU Index vs Gold Since 1998 Spot Gold CDNX Venture Major Decade+ XAU Large Small Cap Index Trend Reversal Cap G

  49. Slide 49: US and Canadian Dollar vs Commodity Index:S&P500 Ratio

    TSX-V: MMG OTCQB: MMNGF US and Canadian Dollar vs Goldman Sachs Commodity Index:S&P500 Ratio Since 1998 US Dollar Canadian Cycle High Dollar Cycle US Dollar Highs Cycle Highs Major 18 Yr Trend Reversal Points Commodity Cycle Highs US Dollar Commodity Cycle Lows CanadianDo llar Cycle Low Canadian Dol

  50. Slide 50: Commodity Sub-Indices vs S&P 500 Since 1995

    TSX-V: MMG OTCQB: MMNGF Goldman Sachs Commodity Sub-Index for Precious Metals, Base Metals and Energy vs S&P 500 Since 1995 Last Commodity Cycle Peak GSCI Base Metals Sub-Index GSCI Precious Metals Sub-Index Precious Metals / S&P500 GSCI Energy Sub-Index Base Metals / S&P500 Long Term Mean Base meta

  51. Slide 51: Major Commodity Cycles over Last 50 Years

    TSX-V: MMG OTCQB: MMNGF Major Commodity Cycles over Last 50 years Value Gap Current levels TSX: PGE.V 51 OTCQB: 51 PGEZF FSE: 5D32

  52. Slide 52: ESG

    TSX-V: MMG OTCQB: MMNGF ESG GOAL Stay up to date on best ESG practices, creating transparent goals which follow clear requirements to ensure accountability to all stakeholders Metallic Minerals We shall seek to follow SASB Sustainability Disclosure Topics such as: aims to sustainably advance mineral

  53. Slide 53: Keno Hill Silver District – Hecla Mining

    TSX-V: MMG OTCQB: MMNGF Keno Hill Silver District – Hecla Mining The term “reserve” means an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is

  54. Slide 54: Metal Equivalency Statements

    TSX-V: MMG OTCQB: MMNGF Metal Equivalency Statements Metallic Minerals metal equivalent calculation for reporting purposes only. Mineral Resources The Mineral Resource estimates are in conformity with CIM Estimation of Mineral For general La Plata Project reporting of copper-equivalency the value is

  55. Slide 55: Contact Information

    TSX-V: MMG OTCQB: MMNGF FSE: 9MM1 CONTACT INFORMATION Corporate Head Office: Yukon Office: WWW.METALLIC-MINERALS.COM 904 – 409 Granville Street 3151C Third Ave. Vancouver, BC V6C 1T2 Whitehorse, YT - Y1A 1G1 Phone: 604-629-7800 PO Box 31215 Whitehorse, YT - Y1A 5P7 Toll Free: 888-570-4420 Email: inf

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