Arctic Star Exploration Corp. · TSXV:ADD

Arctic Star Exploration — Investor Presentation (February 2022)

25 slides from Arctic Star Exploration's investor presentation, February 2022

  1. Slide 1: Corporate Presentation Feb 2022

    TSX-V: ADD | FRA: A182.F CORPORATE PRESENTATION Feb 2022

  2. Slide 2: Cautionary Statement on Forward Looking Information

    CAUTIONARY STATEMENT ON FORWARD LOOKING INFORMATION These presentation materials (“the Presentation Materials”) are being supplied to you for information purposes only on Arctic Star. (the “Company”). These Presentation Materials have been prepared by and are the sole responsibility of the Company.

  3. Slide 3: Arctic Star Exploration Corp.

    ARCTIC STAR EXPLORATION CORP. ARCTIC STAR EXPLORATION CORP. Established in 2001 and has been pre-dominantly focused on diamond exploration since. The Company Currently has Three Projects: The Flagship Property: DIAGRAS project in the Lac de Gras district, (Canada’s premier diamond production area) o

  4. Slide 4: Diamonds Are Back

    DIAMONDS ARE BACK Rough diamond prices are at all time historic highs! Peak diamond production was in 2017 @ 156 million carats of rough. Now at 110 million carats of production. $15 billion at peak now at $11 billion. Source: Bain and Co. 4

  5. Slide 5: Diamonds Recent History

    DIAMONDS RECENT HISTORY Like many commodities, diamond sales suffered due to the global Covid lock-downs. During this time there were a number of bankruptcies, Dominion, Stornoway, and Firestone. This time has passed and diamond producer stocks are rebounding. 5

  6. Slide 6: Diagras Project – NWT Canada

    DIAGRAS PROJECT – NWT CANADA 6

  7. Slide 7: Diagras Project – NWT Canada

    DIAGRAS PROJECT – NWT CANADA Joint Venture 81.5% Arctic Star Exploration Corp. & 18.5% Margaret Lake Diamonds Inc. consists of 58 contiguous claims encompassing an area of 48,346 hectares. Arctic Star & Margaret Lake are using new technical and analytical techniques to find additional potential diam

  8. Slide 8: Sequoia – Location

    SEQUOIA – LOCATION EKATI The map shows Sequoia in relation to the Ekati and Diavik diamond processing plants. Given the proximity to these facilities it would make sense to negotiate the processing of the Sequoia Kimberlite at one of these facilities, if Sequoia proves to be of economic interest. Ek

  9. Slide 9: Sequoia vs. Historic Results

    SEQUOIA VS. HISTORIC RESULTS In comparison of the results from the Jack Pine kimberlite (Historic De Beers results) and Sequoia show distinctly different diamond populations with Sequoia having twice as many stones >0.104mm and demonstrating larger stones. 0.104 0.15 0.212 0.3 0.425 0.6 0.85 1.18 To

  10. Slide 10: Sequoia's Diamond Distribution Curve

    SEQUOIA’S – DIAMOND DISTRIBUTION CURVE The Sequoia kimberlite complex has one of the largest surface geophysical expressions of all the kimberlites in the Lac de Gras district. The Green line curve is the raw plot of the Sequoia caustic fusion results. The Dark Blue line is the Jack Pine results. Th

  11. Slide 11: Sequoia – Geophysics

    SEQUOIA – GEOPHYSICS Arctic Star recently completed a 75m spaced Resolve Helicopter based geophysical survey. The Sequoia images are results from this survey. Sequoia has New Target associated Magnetic and EM anomalies, but they don’t exactly overlap. New Target A conductive kimberlite rock type is

  12. Slide 12: Sequoia – Geophysics Continued

    SEQUOIA – GEOPHYSICS CONTINUED Images of ground geophysical surveys Gravity, Gravity EM, Magnetics, mirror the data from the airborne survey. It is thought the gravity low anomaly, Blue area In the top Image maps the complex. The separate EM 50m slice EM anomalies and mag anomalies are thought to Oh

  13. Slide 13: Sequoia – Drilling Plans

    SEQUOIA – DRILLING PLANS Sequoia’s Gravity anomaly, discovery drill holes are in Red. Proposed drill holes are in orange. Two drill holes at each location, one vertical and one angled at each site. Ten holes with approximately 1000m. Blue diamonds are drill holes into the historical Jack Pine Kimber

  14. Slide 14: Mineable Kimberlites in Lac de Gras

    MINEABLE KIMBERLITES IN LAC DE GRAS Kimberlite Grade $/ct $/T List of kimberlites from the Lac de Gras field being mined or in a Fox 0.27ct/t $312 $84 mine plan, with grade, value of Misery 4.5ct/t $112 $504 the diamonds, and the worth of the kimberlite based on a Sable 0.9ct/t $140 $126 $/tonne bas

  15. Slide 15: Is Sequoia Mineable?

    IS SEQUOIA MINEABLE? Is Sequoia mineable? The short answer is it could be. The current microdiamond results are suggesting a grade between 0.3ct/t and 0.6ct/t. Lets use 0.5ct/t for our example in Red. Sequoia The graph to the left shows the value per tonne versus the cash cost to mine for various mi

  16. Slide 16: Sequoia – Diamonds

    SEQUOIA – DIAMONDS There are Three Lines of Evidence at Sequoia that are Encouraging for the Presence of Larger Gems 1. Sequoia’s size frequency curve has a shallow gradient suggesting a coarse diamond population. The extra caustic fusion results from the planned Spring 2022 drill program will give

  17. Slide 17: Timantti Project – Kuusamo Finland

    TIMANTTI PROJECT – KUUSAMO FINLAND 17

  18. Slide 18: Timantti Finland – A New Kimberlite Field

    TIMANTTI FINLAND – A NEW KIMBERLITE FIELD Arctic Star has located a new diamondiferous kimberlite field in Finland. 100% Interest in two Exploration permits totaling 943 ha near the town of Kuusamo. No Royalties. Work was put on hold due to the restrictions put in place by the Covid19 pandemic. We h

  19. Slide 19: Timantti – Kimberlites Discovered to Date

    TIMANTTI – 6 KIMBERLITES DISCOVERED TO DATE Plug & Karhu Vasa Dyke All the kimberlites discovered have significant diamonds White, Black, and Grey Wolf 19

  20. Slide 20: Timantti – Diamond Results

    TIMANTTI – DIAMOND RESULTS Sample Total Kimberlite +0.106mm +0.15mm +0.212mm +0.3mm +0.425mm +0.60mm +0.85mm +1.18mm Weight Kg Stones White 409.93 516 253 136 81 27 16 7 5 1,032 Wolf Black 349.75 267 138 87 45 16 3 3 0 559 Wolf Grey Wolf 201.64 57 32 33 16 2 3 0 1 144 Vasa 25.74 1 5 5 0 0 0 0 0 11 D

  21. Slide 21: Stein Project – Nunavut Canada

    STEIN PROJECT – NUNAVUT CANADA 21

  22. Slide 22: Stein Project – Location & Option with GGL

    STEIN PROJECT - LOCATION & OPTION WITH GGL GGL Resources Corp. has the option to earn into Arctic Star’s Stein Project up to 60% by conducting ground geophysics on high priority drill targets and discovering kimberlite by drilling, trenching or in outcrop $1.5 mil of exploration expenditures by prev

  23. Slide 23: Board of Directors & Management

    BOARD OF DIRECTORS & MANAGEMENT Patrick Power Buddy Doyle Scott Eldridge PRESIDENT & CEO, VP EXPLORATION, DIRECTOR DIRECTOR DIRECTOR Thomas Yingling Sean Charland Binny Jassal DIRECTOR DIRECTOR CFO 23

  24. Slide 24: Arctic Star Share Structure

    ARCTIC STAR SHARE STRUCTURE Shares 127,970,558 Warrants 69,585,286 Options 11,423,000 Fully Diluted 208,978,844 24

  25. Slide 25: Contact

    1100 - 1111 Melville St. Vancouver, BC V6E 3V6 www.arcticstar.ca Patrick Power, President & CEO 604-689-1799 Info@arcticstar.ca 25

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