Hercules Metals Corp · TSXV:BIG
Hercules Metals — Hercules Silver — Investor Presentation (March 2024)
31 slides from Hercules Metals's investor presentation, March 2024
Slide 1: Developing Idaho's Newest Copper & Silver District
MARCH 2024 Developing Idaho’s Newest Copper & Silver District TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 2: Forward-Looking Information and Cautionary Notes
Forward-Looking Information Cautionary Notes This presentation contains certain information that may be deemed "forward-looking information" with respect Qualified Person: Under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), to Hercules Silver Corp. (the “Co
Slide 3: About Hercules
Exploration & Development Historical Concept About Focused on the exploration and development of the Hercules Copper and Silver Project in The Hercules project was undergoing aggressive drilling and a feasibility study in the early 1980’s when the Hercules Western Idaho. price of silver fell below $
Slide 4: Capital Structure
Capital Share Ownership Structure As of December 1, 2023 215,366,633 ~12,085,833 15% Issued & Outstanding Insider Ownership 40,774,142 8,697,500 Warrants 264,838,275 Options 6% Fully Diluted Shares Out $175M market capitalization (based on Jan 17, 2024, closing price of $0.75) TSX-V: BIG | OTCQB: BA
Slide 5: Why Copper is a Critical Mineral Powerhouse
Why Copper is a Critical Mineral An Emerging Powerhouse Increasing Demand Energy Supply Copper is now considered the "new oil" due to its role in electric vehicle (EV) batteries and green energy technologies like solar panels and wind turbines and in turn, could see a similar upside in the next thre
Slide 6: Silver and the Green Revolution
Silver and the 01 Solar Panels Green Revolution 02 Automotive Applications 03 5G Cellular Networks TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7 6
Slide 7: Our Team
Our Team CEO & DIRECTOR VP EXPLORATION CFO DIRECTOR Chris Paul Christopher Longton Keith Li Peter Simeon Discovered Williams Cu-Au porphyry in Golden Triangle for Golden Ridge Sears Canada, Snow Lake Lithium, Corcel Resources in 2018, now under option to Senior Exploration Manager, Exploration, Univ
Slide 8: Opportunity
Opportunity Extensive Exploration History Underexplored Project 100% Owned Land Package Idaho – A Favorable Jurisdiction Surface Mining Rights Large, Zoned Porphyry and Ag-Pb-Zn System TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7 8
Slide 9: The Idaho Advantage
The Idaho Advantage Notable Mining Companies in Idaho Tier 1 Mining Jurisdiction • Hecla Mining – NYSE: HL • Revival Gold – TSX.V: RVG • Liberty Gold – TSX: LGD • Bunker Hill Mining – CSE: BNKR Potential Low Geopolitical Risk • Integra Resources – TSX.V: ITR • Perpetua Resources – TSX.V: PPTA • Amer
Slide 10: Idaho Mining Industry · Significant Projects
Idaho Mining Industry · Significant Projects Tier 1 Mining Jurisdiction ~$1B produced annually Million Grade Area Company Idaho Project County Metal Deposit Model Tonnes (g/t or % Status N (Ha) M&I or P&P weight) Mesothermal 470 g/t Ag UG Shoshone Hecla Mining Lucky Friday1 North ID 503 Ag, Pb, Zn v
Slide 11: Hercules Project Overview
Overview Hercules Project Location Located in Washington County, Idaho, just 2.5 hours NW of Boise International Airport by Highway. The nearby town of Cambridge, ID provides excellent infrastructure and local labour to support operations. High voltage clean hydroelectric transmission lines cross th
Slide 12: Hercules History
Overview Hercules History First historical production at the Belmont, followed by the 1880 - 1920 Hercules Adit. 1965 First hole drilled at the Hercules Adit Zone. Strong silver prices and aggressive drilling at the Frogpond and LATE 1970s - EARLY 1980s Hercules Adit Zones define zones of continuous
Slide 13: Hercules Historical Drilling
Overview Hole ID Year From (m) To (m) Interval (m) Ag (g/t) Pb (%) Zn (%) Hercules 80-1 including 1980 1980 73.15 82.3 103.63 91.44 30.48 9.14 335.6 828.2 0.17 0.24 0.54 0.8 Historical Drilling including 1980 96.01 99.06 3.05 317.8 0.04 0.22 80-12 1980 7.62 22.86 15.24 56 No Assay No Assay AND 1980
Slide 14: 3D Block Model
3D Block Model Generated in 2022 Historical drilling information was collected prior to the enactment of NI 43-101, has not been verified by the Company’s Qualified Person, and should not be relied upon. 14 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 15: Silver Soil Sampling
Silver Soil Sampling 01 Soil sampling returned 02 Silver-in-soil values range anomalous silver > 5 ppm up to 604 ppm (17.6 oz/t) at over 3.5 kilometers and open the Belmont Zone under cover in both directions 03 Largest and highest-grade 04 Large regions of anomalous soil/coincident IP anomaly at rh
Slide 16: Rock Chip Sampling
Exploration Rock Chip Sampling Plan View Showing Silver and Copper Grades of Rock Chip Samples 16
Slide 17: Copper – Gold Soil Sampling
Copper – Gold Soil Sampling 01 Large 2km diameter copper- 02 Potential for a separate gold-moly-in soil anomaly porphyry center at depth grading up to 3,175 ppm Cu, within the largely untested 663 ppb Au in soil, interpreted soil anomaly, particularly to as just the eastern edge of the the north at
Slide 18: 3D IP Survey
2022 3D IP Survey 01 2022 IP survey 02 Survey carried out over originally designed to a 650m wide, northwest- target near surface southeast trending silver mineralization exposure of Hercules at a high-resolution Rhyolite at surface 03 Strong chargeability 04 Initial drill testing of the response at
Slide 19: 2022 3D IP
2022 3D IP >20mV/V 2022 Chargeability anomaly – Looking Southwest Used to guide 2023 drilling but open on all sides of survey and at depth. Too small an area was surveyed to capture entire anomaly. Survey was expanded in 2023 to reveal that the 2022 anomaly represents just a small fraction of a larg
Slide 20: Discovery Drilling
Discovery ~6,000m discovery focused 2022 Drilling drill program confirms a new copper porphyry discovery 20 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 21: 2023 Drill Program
Exploration 2023 Drill Program 01 In May of 2023, Hercules set out to test several new targets generated by a 2022 greenfields exploration campaign, including: 1. Extension of Frogpond/Hercules Adit Zones 2. New silver targets along strike (Haystack, Belmont, Hercules Ridge, Grade Creek) 3. New 1.8-
Slide 22: Leviathan
HER-23-05 cross-section with interpreted geology, Exploration grade bars for copper Leviathan (orange), molybdenum (blue), and silver (grey) Blind Copper Porphyry Discovery Testing Discovery/Barrick Investment NEW 2023 3D IP Survey Open for Significant Expansion Many directions remain to be tested,
Slide 23: Next Steps
Path to Maximizing Value for Shareholders Next Steps Short Term Goals Phase III Analyze and interpret extensive data collected in 2023. Receive and analyze remaining 2023 drilling assays. Prepare comprehensive 3D geological model in Leapfrog Plan and execute 20k meter drill program in 2024 Ana
Slide 24: Contact: Chris Paul, CEO & Director
Chris Paul CEO & Director Head Office HerculesSilver.com info@herculessilver.com 335 – 1632 Dickson Avenue TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7 +1 (604) 670-5527 Kelowna, British Columbia Canada V1Y 7T2
Slide 25: Appendix: Phase I Drilling
Appendix Phase I Drilling Maiden drill program to confirm historical drill results 25 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 26: Phase I Drilling Results
Exploration Phase I Drilling Results 01 The phase I drill program was executed in late 2022 to verify historical drilling results, for inclusion in a potential future resource estimate 02 9 shallow holes drilled, several of which bottomed in mineralization Phase I Drill Plan & Surface Geology 26 TSX
Slide 27: Phase I Drilling Results
Exploration Phase I Select 2023 Phase 1 Drill Results Calculated at 35 g/T AgEq Cutoff Grade ¹ Drilling Results Hole ID From (m) To (m) 64.01 Interval (m) AgEq (g/t) Ag (%) Pb (%) Zn (%) AgEq x Meters (g/t x m) HER-22-01 25.91 38.10 487 25.91 25.91 25.91 18,562 (EOH) 01 Results from maiden nine-hole
Slide 28: Phase I Drilling Results Section A-A'
Exploration Phase I Drilling Results Section A-A’ P-19 Shoot Looking North 28
Slide 29: Phase I Drilling Results Section B-B'
Exploration Phase I Drilling Results Section B-B’ Hercules Adit Zone Looking Southeast 29
Slide 30: Copper is essential to the modern world
Copper 01 Infrastructure is essential to the modern 02 Clean Energy world 03 Transport 04 Defense (million mt) 60 40 05 Other 20 0 2020 2025 2030 2035 2040 2045 2050 TSX-V: BIG OTCQB: BADEF Supply scenarios High Ambition Rocky Road Demand FWB: 8Q7 Visual Capitalist, ‘Why Copper Is a Critical Mineral
Slide 31: Silver is both a monetary asset & an industrial metal
Silver is both a monetary asset & 51% of Silver use an industrial metal is industrial Silver over gold 50% of use is industrial 21% Jewelry 18% Investment 7% Silverware 3% Photography Antimicrobial properties Supply < Demand Source: GFMS Definitive, Metals Focus, The Silver Institute, UBS. Data as o