Kenorland Minerals Ltd. · TSXV:KLD
Kenorland Minerals — Technical Presentation (June 2025)
21 slides from Kenorland Minerals's technical presentation, June 2025
Slide 1: Kenorland Minerals
KENORLAND =I MINERALS
Slide 2: Disclosure/Forward Looking Statements
Disclosure/Forward Looking Statements • The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. References are made herein to historical information containing geologic and technical information. By its nature
Slide 3: Disclosure/Forward Looking Statements
Disclosure/Forward Looking Statements • Information in this presentation has been compiled from a number of disparate source – government reports, exploration company assessment reports, academic papers, press releases, 43-101 technical reports, Northern Miner articles • Best efforts were made to us
Slide 4: Canada >2 Moz Deposits Locations
Canada >2 Moz Deposits Locations • 83 deposits in Canada that have gold as the primary commodity have gold endowment of > 2 Moz Au (excluding Cu-dominant porphyry deposits) • Using 2 Moz Au as a cut-off, current resource/reserves and historic production total 654 Moz of Au endowment
Slide 5: Canada >2 Moz Deposits Endowed districts
Canada >2 Moz Deposits Endowed districts • Six geological domains contain ~ 87% of the 654 Moz Au endowment • Archean greenstone belts host 75% of total endowment • The Golden Triangle hosts 18% of total endowment Slave 50 Moz Golden Triangle 118 Moz Northern Abitibi 55 Moz Uchi-Birch 63 Moz Wawa-Wa
Slide 6: Canada >2 Moz Au deposits Exploration search spaces
Canada >2 Moz Au deposits Exploration search spaces Greenfields – Deposits discovered in areas with no significant known Au deposits Brownfields – Deposit discovered nearby existing significant Au deposits Historic – Deposit discovered by prospecting (pre-1950’s) Number of Deposits Discovered by Cla
Slide 7: Discovery Decade of >2 Moz Au Deposits
Discovery Decade of >2 Moz Au Deposits • Modern exploration using scientific techniques began in Canada in the 1950’s when outcropping discoveries were depleted • Flow through financing fueled a surge in exploration and discoveries in the 1980’s • A total of 22 grassroots discoveries were made from
Slide 8: Relative Value
Discovery Qualitative vs. Quantitative Discovery is largest value addition during the cycle of a mining project EXPLORATION ENGINEERING MINING 12 Highest Risk Moderate Risk Lower Risk Highest Reward Moderate Reward Lower Reward 10 • How do we define a Relative Value “discovery”? 8 Orphan Speculation
Slide 9: Discovery Drill Intersects
Discovery Drill Intersects • GT = Grade x Thickness of a drill hole (e.g. 10m @ 10 g/t = 100 GT) • Discovery hole GT values vary widely across all greenfields and brownfields discoveries • However, looking at this data statistically leads to greater insight of what initial drilling into significant
Slide 10: Grassroots Discovery Drill Intersects
Grassroots Discovery Drill Intersects • Looking at only grassroots discovery holes the GT thresholds decrease • 80th percentile of discovery drilling is a 62 GT hole • Median of the discovery population is a 115 GT hole Median = 115 80th pct = 62
Slide 11: Discovery Hole GT vs. Gold Endowment
Discovery Hole GT vs. Gold Endowment • The majority of >2 Moz Au deposits have initial GT intersects >50 GT • The majority of >5 Moz Au deposits have initial GT intersects >134 GT (i.e. greater than the median GT discovery intersect)
Slide 12: Discovery Intersect Length vs. Gold Endowment
Discovery Intersect Length vs. Gold Endowment • Tonnage ~ Volume ~ Au endowment (for modern world-class Au deposits) • The only dimension of volume defined during a discovery program is thickness, i.e. length of the intersect • To capture majority of the >2 Moz deposits, discovery intersect should h
Slide 13: Drilled Meters – Discovery Program
Drilled Meters – Discovery Program • GT intersects of deposits are influenced by the amount of drilling completed on the initial program • Median discovery drill program is 4,228m • If a company drills <4,000m and hit a 75 GT intersect, this could be very significant • If a company drills 10,000m on
Slide 14: Meters Drilled vs. Discovery Hole GT
Meters Drilled vs. Discovery Hole GT Total Au (Moz) <2 2-4 4-6 6-8 8 - 10 >10 • GT intersects of deposits are influenced by the amount of drilling completed on the initial program • More drilling gives a better chance at a significant GT intersect
Slide 15: Number of Discovery Campaigns (including surface work)
Number of Discovery Campaign (including surface work) • Grassroots discoveries are typically made on the 3rd Average = 2.6 exploration program by the discovery company Median =3 • If a company does a good job of exploring and has not made a significant discovery by the 4th exploration program the de
Slide 16: Hemlo (David Bell) A case study
Hemlo (David Bell) A case study • The Hemlo deposit (David Bell Mine) was discovered in 1981 by Corona Resources • In terms of GT intersects, initial drilling returned modest results – out of 132 drill holes the median GT intersect was 21 GT • The 100 GT intersect was not hit until hole 120 • The im
Slide 17: Regnault Discovery Kenorland / Sumitomo
Regnault Discovery Kenorland / Sumitomo • Kenorland intersected 29.08m @ 8.47 g/t Au (247 GT), including 11.13m @ 18.43 g/t Au on the maiden drill program at the Regnualt target in 2020 • No historic drill holes or mineral occurrences – bonafide virgin grassroots discovery • Comparable drill interse
Slide 18: Quebec Drilling A case study
Quebec Drilling A case study • 156,127 drill holes have been reported in exploration assessment reports in Quebec • Assessment reports are required to be filed during the early days of exploration – once there is a discovery made, companies usually have significant credits and do not continue to fil
Slide 19: Quebec Drilling GT intersects (156,000 drill holes)
Quebec Drilling GT intersects (156,000 drill holes) • Regnault first-pass drilling returned a top-tier intersect when compared against the entire Quebec assessment report drilling database 0 2 4 6 8 >10 Best GT intersect on initial drill program at Regnualt
Slide 20: Quebec Drilling GT Intersects of major Au deposits
Quebec Drilling GT Intersects of major Au deposits • Regnault first-pass drilling returned comparable intersect to all major deposits in Quebec • Intersects are for major deposits are from all of the drill holes reported in assessment reports – only one drill program has been completed at Regnault B
Slide 21: Conclusions
Conclusions • Discovery of new Au deposits drives value creation • Initial drilling into a new prospect can be used to get a sense of whether a discovery is significant or not • Key metrics for recognition of a discovery based on Canadian Au deposits >2 Moz: • >5 Moz Au deposits • Initial drill prog
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