Ngex Minerals Ltd. · TSX:NGEX
Ngex Minerals — Investor Presentation (February 2022)
24 slides from Ngex Minerals's investor presentation, February 2022
Slide 1: Los Helados: Strategic Asset in an Emerging Copper District
LOS HELADOS STRATEGIC ASSET IN AN EMERGING COPPER DISTRICT A Lundin Group Company FEBRUARY, 2022 NO GUTS NO GLORY TSXV: NGEX www.ngexminerals.com
Slide 2: NGEx Minerals Company Profile
NGEX MINERALS COMPANY PROFILE SHARE OWNERSHIP 2.50% South American Key Project – Los Helados (64% interest) Current Indicated Resource* of: Advanced Exploration » 17.6 Billion lbs Copper » 10 million oz Gold 35.70% Company » 92 million oz Silver CAPITAL STRUCTURE CATALYSTS NGEX TSX VENTURE Valle Anc
Slide 3: Background: Long History of Value Creation
BACKGROUND TSXV: NGEX 2009 2021 LONG HISTORY OF VALUE CREATION 2016 2019 2019 Los Helados • One of the world’s largest undeveloped copper projects- #11 • 10 million ounces gold; • 92 million ounces silver Market • A key deposit in the Vicuña District Cap Valle Ancho Market Cap $1.6bn $640mm $430mm •
Slide 4: Vicuña: A Major New Copper District controlled by Lundin Group
VICUÑA A MAJOR NEW COPPER DISTRICT controlled by Lundin Group companies 4 NGEX Minerals Ltd | Corporate Presentation
Slide 5: Giant Metal Districts Are Unique & Complex
GIANT METAL DISTRICTS ARE UNIQUE & COMPLEX BUT MOST SHARE 3 SIMPLE GIANT CHARACTERISTICS: 1 2 3 Scale Clusters Ore Big systems- typically outsized for their They commonly offer a regional cluster of giant Structures Big, long-life faults deposit class ore deposits Vicuña is an emerging super giant..
Slide 6: Super Giant Size Classifications
Super SIZE CLASSIFICATIONS Based on contained copper metal giant 35,000,000 30,000,000 Behemothian >31,162,000 t Cu Super giant by definition. 25,000,000 >10,000,000 - 31,162,000 t Cu 20,000,000 Vicuña Growing “Giant” is not a superlative or promotional description. 15,000,000 Los Helados Filo Size
Slide 7: When You Find Something Big, Think Bigger
WHEN YOU FIND SOMETHING BIG, THINK BIGGER CURRENT INDUSTRY GIANTS Escondida, Chile 31 years of Cu • Giant metal districts: production; 55+ years of reserves • The Holy Grail of the mining business Chuquicamata, Chile >100 years of Cu • Geological “freaks of nature” production; 35+ years of reserves
Slide 8: Vicuña District
Scale VICUÑA DISTRICT Clusters Structures POTRO CLIFFS NGEX Josemaria-Caserones Trend Los Helados 25-23 milion years LOS HELADOS GEMELOS Filo PROSPECTS REFUGIO 20 km Filo Las Pailas 10km AURORA ZONE POTRO CLIFFS Filo Potro Cliffs Josemaria RESOURCE OUTLINE Kaolinite FLAMENCO Alunite Filo Opal/Chalce
Slide 9: Los Helados - A Strategic Asset
Scale LOS HELADOS - A STRATEGIC ASSET Clusters A GIANT COPPER-GOLD-SILVER DEPOSIT ON THE CUSP OF BECOMING A SUPER GIANT. Structures Indicated 17.6 B lbs Cu 10 M oz Au 92 M oz Ag High grade core ~200 MT @ SEG SIZE 0.8% CuEq CLASSIFICATIONS Super Giant >10,000,000 – “Brownfields” 31,162,000 t Cu Giant
Slide 10: Los Helados - A Globally Significant Project
LOS HELADOS - A GLOBALLY SIGNIFICANT PROJECT DISCOUNTING POLITICALLY-STALLED PROJECTS; LOS HELADOS IS THE SIXTH LARGEST COPPER DEVELOPMENT PROJECT GLOBALLY Mining.com Top Twelve Copper Development Projects by contained copper – February 2021 Project Location Ownership Stage Contained Copper (t) 1 Ka
Slide 11: Under Valued vs Peers
UNDER VALUED VS PEERS IF WE CAN BRIDGE EVEN HALF THE GAP ……… 1.00 $1,600 Ministro Hales Operating Mines $1,400 0.90 El Morro $1,200 $1,000 $800 Projects 0.80 $600 Candelaria $400 Copper Equivalent % 0.70 $200 El Soldado $- Solaris Warrintza Mkt cap: $1.5B Us Them Norte Abierto Los Pelambres 0.60 Fil
Slide 12: Los Helados 2.0: Focus on Expanding the High-Grade Core
LOS HELADOS 2.0 FOCUS ON EXPANDING THE HIGH-GRADE CORE VIEW SOUTH VIEW SOUTH • High grade holes * A CuEq grade was calculated using US$3.00/lb Cu US$1,300/oz Au and US$23/oz Ag, and includes a 211Mt @ 0.82% CuEq on edges of 0.7% provision for selling costs and metallurgical recoveries. (0.7% CuEq cu
Slide 13: Global Ranking of Los Helados Intercepts
GLOBAL RANKING OF LOS HELADOS INTERCEPTS BEST HOLES OVER THE PAST 2 YEARS WITH COPPER AS THE PRIMARY COMMODITY From To Interval CuEq Grade x Date Hole Number Project Country Company (metres) (metres) (metres) CuEq (%) Interval¹ (%-m) Source Document 2020-02-24 VHD037 Onto Indonesia PT Sumbawa Timur
Slide 14: Geophysics Maps Top of High Grade Zone
GEOPHYSICS MAPS TOP OF HIGH GRADE ZONE Low resitivity 0.7% CuEq Grade Shell Slide 14 NGEX Minerals Ltd | Corporate Presentation
Slide 15: Los Helados - Geophysics
LOS HELADOS - GEOPHYSICS No testing Limited testing Limited testing Magnetics mark trace of Filo-Los Helados Resistivity low outlines overall system Within the resistivity low very low values appear to correlate Structure and regionally important NW with higher grade zone structures Slide 15 NGEX Mi
Slide 16: Los Helados - 2022 Program
LOS HELADOS - 2022 PROGRAM De-Risk Project with additional work on key areas Step 1: Drill out high grade core; up to 16,000m Step 2: Update internal studies Evaluate mining options to optimize head grade, reduce capital and timelines Slide 16 NGEX Minerals Ltd | Corporate Presentation
Slide 17: Valle Ancho Copper-Gold Project
VALLE ANCHO COPPER-GOLD PROJECT WHAT’S NEXT? • Underexplored 100,000 Ha land package • Argentina side of the Maricunga Gold Belt >100Moz on Chile side • Along the crustal scale Valle Ancho lineament • No exploration for almost 20 years Au • Option to earn 100% from Catamarca Valle Ancho Provincial G
Slide 18: Nordin Gold Target
NORDIN GOLD TARGET GOLD PORPHYRY + EPITHERMAL HIGH SULFIDATION MINERALIZATION • Large scale gold target • Historical shallow RC drill results-oxide ‒ 62 m @1.02 g/T ‒ 84 m @1.15 g/T • 2 diamond drill holes to test depth 2022 driling extension – results pending View to NW Strong Oxidation Banded quar
Slide 19: La Quebrada Target
LA QUEBRADA TARGET GOLD RICH PORPHYRY COPPER • Large 2.5 x 0.85 Km zone of hydrothermal alteration exposed in an erosional window • Mineralization appears to extend under younger cover rocks • 5 diamond drill holes at approx. 500m spacing; • Results pending Slide 19 NGEX Minerals Ltd | Corporate Pre
Slide 20: Investment Summary
INVESTMENT SUMMARY • The right projects- the right time • Los Helados is a key strategic resource in an emerging giant district. High potential brownfields drilling • Valle Ancho exposure to grassroots exploration success • 2022 will be news and catalyst rich • Up to 19,000m of drilling planned acro
Slide 21: No Guts No Glory
A Lundin Group Company NO GUTS NO GLORY Company Head Office NGEx Minerals Ltd. Suite 2000 - 885 West Georgia Street EXPERIENCED AND SUCCESSFUL EXPLORERS Vancouver, BC Canada V6C 3E8 Telephone: (604) 689-7842 Fax: (604) 689-4250 Email: info@ngexminerals.com Investor Relations Amanda Strong Telephone:
Slide 22: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements made and information contained herein in the presentation constitutes “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation (collectively, “forward- looking inform
Slide 23: Los Helados Mineral Resource Estimate
LOS HELADOS MINERAL RESOURCE ESTIMATE Los Helados Indicated Mineral Resource Notes to accompany Los Helados Mineral Resource table Tonnage Resource Grade Contained Metal Mineral Resource estimate has an effective date of April 26, 2019. The Qualified Person for the estimate is Mr. Gino Cutoff (milli
Slide 24: Leadership Team - Exploration Experience
LEADERSHIP TEAM- EXPLORATION EXPERIENCE Management Board WOJTEK WODZICKI BILL RAND ADAM LUNDIN CEO & Director Chairman Director Geology Ph.D, P. Geo 30 years international Securities Lawyer (ret.) Securities and Executive exploration management and business Senior Business Adviser to Management prof
NGEx Minerals — Investor Presentation (February 2022) on 6ix