Bonterra Resources, Inc. · TSXV:BTR
Bonterra Resources — Investor Presentation (July 2020)
38 slides from Bonterra Resources's investor presentation, Jul 7, 2020
Slide 1: Developing Québec's Next Gold Camp
TSX-V BTR | OTCQX BONXF | FSE 9BR2 Developing Québec’s NEXT GOLD CAMP Exploration and Resource Expansion in the URBAN-BARRY CAMP July 2020 1 RBC Capital Markets
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains "forward-looking information" within the meaning of Canadian securities legislation. Any information herein with respect to predictions, expectations, projections, objectives, assumptions or future events that are not historical facts may be "for
Slide 3: Investment Highlights
Investment Highlights Opportunity to invest in a multi-million ounce, strategic land package in Quebec’s next gold camp Strategic Land Package in Quebec’s Next Gold Camp >8.5 Moz resource within rapidly growing Urban-Barry / Windfall Camp Three 100% owned, high-grade underground gold deposits (G
Slide 4: Quebec | Top Tier Mining Jurisdiction
Quebec | Top Tier Mining Jurisdiction Quebec is responsible for approximately 2.5% of annual world gold production Ranked in the top 20 mining jurisdictions in the World Excellent local infrastructure and highly qualified labour force Clear and Consistent permitting process Rule of Law enforces secu
Slide 5: Bonterra Overview | Land Position
Bonterra Overview | Land Position Extensive land package on the prolific Abitibi Greenstone Belt Bachelor Mill BACHELOR PROPERTY 15,550 hectares MOROY PROJECT M&I 667,000T @ 5.17 g/t Au: 111,000 oz Inferred 396,000T @ 4.32 g/t Au: 55,000 oz URBAN-BARRY PROPERTY 22,500 hectares BARRY PROJECT Indicate
Slide 6: Capital Structure
Capital Structure Strong cash position Kirkland Lake Gold Market capitalization per 11.0% Wexford Capital resource ounce of ~US$40 16.3% Ruffer LLP 5.0% Eric Sprott VanEck 4.7% Capital Structure BTR Investment Co. Sprott Inc Issued & Outstanding Shares 77.5M 6.1% 3.1% Options 4.5M Other CDPQ 48.2% 2
Slide 7: Management & Board of Directors
Management & Board of Directors Pascal Hamelin Johnny Oliveira Marc Ducharme Cesar Gonzalez Interim CEO Chief Financial Officer Principal Geologist Chairman & Director Mr. Hamelin holds a Mining Engineering Degree Mr. Oliveira has 20 years of experience in the Mr. Ducharme has over 30 years of geolo
Slide 8: Land Position in the Abitibi Greenstone Belt
Land Position in the Abitibi Greenstone Belt Fenelon
Slide 9: Strategic Location of the Bachelor Mill
Strategic Location of the Bachelor Mill Only permitted mill in the heart of the Urban-Barry Camp 5.14 MOz Windfall
Slide 10: Mineral Resources
Mineral Resources NI 43-101 Mineral Resource Estimate - May 28, 2019 MEASURED INDICATED INFERRED DEPOSIT Tonnes Au (g/t) Ounces Au Tonnes Au (g/t) Ounces Au Tonnes Au (g/t) Ounces Au Gladiator - - - 743,000 8.46 202,000 3,065,000 9.10 897,000 Barry - - - 2,052,000 5.84 385,000 2,740,000 5.14 453,000
Slide 11: Gladiator Project
” Gladiator Project BON !ERRA TSX-V BTR 4 OTCQX BONXF 4 FSE 9BR2 1
Slide 12: Gladiator Accessibility & Infrastructure
Gladiator Accessibility & Infrastructure Site Access ~185 km north-northeast of Val-d’Or in the province of Quebec, Canada Property is accessible from Lebel-sur- Quevillon through well-maintained logging roads Infrastructure On-site camp suited for current work force Core logging, splitting
Slide 13: Gladiator Block Model
Gladiator Block Model Gold Resource Block Model Indicated: 743,000 t @ 8.5 g/t, 202,000 oz Inferred: 3,065,000 t @ 9.1 g/t, 897,000 oz Vertical Long Section Looking Northwest, Resource Block Model, All Lenses Projected to Section
Slide 14: Gladiator Resource Geology
Gladiator Resource Geology Vertical Cross Section Looking Southwest with Selected 2020 Results and Up-Dip Target Area
Slide 15: Gladiator Resource Geology
Gladiator Resource Geology Priority Target Area
Slide 16: Gladiator Resource Geology
” Gladiator Resource Geology |+5431500 N i i i i aor] [r5az6500 5431500 Hi] 5ADESOO ; ; — | H é A 3 iE boon 3 i i a EH TS Diorite [J intermediate Voicanics HEI cabbro [1 sediments GS Felsic Dyke HS Matic Voicanics FelsicVoicanics [EE utramafics TSX-V BTR 4 OTCQX BONXF 4 FSE 9BR2 16
Slide 17: Gladiator Regional Targets
Gladiator Regional Targets Airborne Magnetics, Interpreted Structure, and Location of Resource Domain Extension Targets
Slide 18: Gladiator Project Timeline
Gladiator Project Timeline 2020 2021 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG Deposit Modelling Targeting and Drill Strategy Infill Drilling Resource Extension Drilling Resource Update Decline Permits Portal preparation Decline Excavation Underground Drilling
Slide 19: Barry Project
” Barry Project BON !ERRA TSX-V BTR 4 OTCQX BONXF 4 FSE 9BR2
Slide 20: Barry Accessibility & Infrastructure
Barry Accessibility & Infrastructure Site Access ~185 km north-northeast of Val-d’Or in the province of Quebec, Canada Property is accessible via ~110 km of well- maintained logging roads from Lebel-sur- Quevillon Infrastructure On-site camp; revamped in 2018 to accommodate bulk sampling opera
Slide 21: Barry Block Model
Barry Block Model Gold Resource Block Model Indicated: 2,052,000 t @ 5.8 g/t; 385,000 oz Inferred Resources: 2,740,000 t @ 5.1 g/t; 453,000 oz Vertical Long Section Looking Northwest, Resource Block Model, All Lenses Projected to Section
Slide 22: Barry Block Model Cont'd
Barry Block Model Cont’d 2019 Drill Intercept
Slide 23: Barry Underground Drill Results
Barry Underground Drill Results 2019 Drill Intercept
Slide 24: Barry IP Survey
Barry IP Survey Barry Deposit Plan Map with IP (Chargeability) Contoured, Lakes and 2019 Extensional Drilling Intercepts with Prioritized Domain Extension Targets 2019 Drill Intercept
Slide 25: Barry Air Mag Survey
Barry Air Mag Survey Pre get i a 5427000 * “A Legend on [CO ricry 2020 target 0a Ea at i Residual Total Magnetic Intensity (aT) “128-50 81-36-32 .29 24 -19 -12 4 3.814 24 37 5375113 | 00.125 0.25 08 we roa we TSX-V BTR 4 OTCQX BONXF 4 FSE 9BR2 25
Slide 26: Barry Project Timeline
Barry Project Timeline 2020 2021 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG Deposit Modelling Targeting and Drill Strategy Resource Extension Drilling to the East Resource Extension Drilling to the West Resource Update Decline to 200m depth Underground Drilling Underground Bulk Samp
Slide 27: Moroy Project
Moroy Project BON!ERRA TSX-V BTR 4 OTCQX BONXF 4 FSE 9BR2 OH
Slide 28: Moroy Accessibility & Infrastructure
Moroy Accessibility & Infrastructure Site Access 225 km northeast of Val-d’Or in the province of Quebec, Canada Accessible via Highway 113 from Val-d’Or 3.5 km from Desmaraisville township; serviceable by bus and truck transport Infrastructure Shaft, headframe, hoistroom, compressor room and
Slide 29: Moroy Resource Geology
Moroy Resource Geology Measured and Indicated: 667,000 t @ 5.17 g/t, 111,000 oz Inferred: 396,000 t @ 4.32 g/t, 55,000 oz Vertical Cross Section Looking East. Moroy Block Model with Selected Results from 2018 Underground Drilling and Location of M4, M5, M6 & M7 Zones Bachelor Mine Moroy Deposit Hist
Slide 30: Moroy Deposit Cross Section
” Moroy Deposit Cross Section BON!ERRA Bachelor “a Shear Level 3 F J mo-r9-232 239/457 (609/160) Mo-19-232 ts K 602/146 15.27 / 3.39) —Level —_ \ 491/676 MO-19-186 (21/266) 435/823 Levelt (700/341) wnie-sse 642/7128 eee (13.86 / 4.94) 71038 A 18,09 /360) gene Level 14 1099.83) 8 M7 $019.88 Shear Lev
Slide 31: Moroy M1 Zone Longitudinal Section
Moroy M1 Zone Longitudinal Section
Slide 32: Moroy M4 Plan View
” Moroy M4 Plan View Volcanic Rocks MY19-177 0.19/0.61~ (e ee ™ 100m Pp Legend SF Sh, 0-05 i Sar 03-10 i) 10-30 [| — 30-50 Bp 50-100 Tt 100 Hm Historical Holes . New intercepts ® . ID: 2019/2020 O'Brien | correo Intrusive ttn (including gon) oro Longnti.em min. Nogilition MYI9-175 My20-192 . 0.45/5.
Slide 33: Moroy Regional Targets
Moroy Regional Targets BON ERRA Residual Total Magnetic Intensity (n 7128 -50_-41_ -36_-32_-29 -24 -19 -12 -4 3814 24 37 53 75 113 “Jo 4 I ptt & Showing / DDH Intercept (rv aczorgetsvea 2230 4 5 TSX-V BTR 4 OTCQX BONXF 4 FSE 9BR2 33
Slide 34: Moroy Regional Targets Cont'd
Moroy Regional Targets Cont’d
Slide 35: Moroy Project Timeline
Moroy Project Timeline 2020 2021 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG Deposit Modelling Targeting and Drill Strategy Resource Extension Drilling Underground Drilling Resource Update Underground Bulk Sampling Program Feasibility Study Obtain Mining Lease 35
Slide 36: Bachelor Lake Mill
Bachelor Lake Mill Mill permitting process began in April 2017 to increase the existing mill capacity from 800 to 2,400 tpd Project Scope: Remove existing 10x12 rod mill, 3 small ballmills Add a SAG mill (6.4 m x 4.0 m, 2,240 kW) Add one ball mill ( 4.7 m x 6.4 m, 2,238 kW) Add a 75 ft thickener Add
Slide 37: Bachelor Lake Mill Expansion Timeline
Bachelor Lake Mill Expansion Timeline 2020 2021 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG Environmental Impact Study submitted in Q4 2019 Ministry Permitting review Mill Detail Design Tailing Design Detail permitting Tailing Expansion Sept 2021 Feasibility Study Mill Construction
Slide 38: Appendix
Appendix Model Parameters 1. The classification of the current Mineral Resource Estimates into Measured, Indicated and Inferred are consistent with current 2014 CIM Definition Standards - For Mineral Resources and Mineral Reserves 2. Mineral resources which are not mineral reserves do not have demon
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