Fortune Bay Corp. · TSXV:FOR
Fortune Bay — Investor Presentation (September 2024)
30 slides from Fortune Bay's investor presentation, September 2024
Slide 1: Corporate Presentation – Exploration & Development in Canada's Top Jurisdiction
Exploration & Development In Canada’s Top-Jurisdiction ADVANCING POTENTIAL FOR SASKATCHEWAN’S NEXT GOLD MINE EXPLORING FOR HIGH-GRADE ATHABASCA BASIN URANIUM CORPORATE PRESENTATION TSXV: FOR | FWB: 5QN | OTCQB: FTBYF SEPTEMBER 2024
Slide 2: Cautionary Language & Legal Disclaimers
Cautionary Language & Legal Disclaimers Cautionary Statements Technical Reports & Disclosures Information set forth in this presentation contains forward-looking statements that are based on assumptions as of Goldfields Project - Results for the Preliminary Economic Assessment (“PEA”) were announced
Slide 3: Capital Structure & Ownership
Capital Structure & Ownership As of September 3, 2024 CAPITAL STRUCTURE OWNERSHIP ISSUED & OUTSTANDING OPTIONS WARRANTS Management 48.7m 4.1m 4.6m & Board 16% MARKET CAPITALIZATION SHARE PRICE MARKET CAP. 84% C$0.27 C$12.9m Public Operational Base in Uranium City, Saskatchewan 3
Slide 4: Experienced Team, Proven Track Record
Experienced Team, Proven Track Record Dale Verran MSc, P.Geo Sarah Oliver CPA CA Wade Dawe BComm Gareth Garlick BSc, P.Geo Chief Executive Officer CFO Executive Chairman Technical Director +20 years mining & exploration +10 years accounting and finance +25 years as accomplished entrepreneur, +20 yea
Slide 5: Diversified & Well-Positioned
Diversified & Well-Positioned Enviable Global Gold Resource Base for a Junior Athabasca Basin exploration for ~3 Moz Gold High-Grade Uranium Goldfields1 Gold Project CANADA 0.98 Moz Gold Indicated 0.21 Moz Gold Inferred Saskatchewan CANADA Murmac & Strike4 Uranium Projects The Woods5 Uranium Project
Slide 6: Goldfields Project, Saskatchewan
Advancing Potential for Saskatchewan’s Next Gold Mine Photo: Box historical headframe, mill frame & powerline ► Robust PEA economics Goldfields Project, ► Established project infrastructure Permitting well-advanced Saskatchewan ► ► Exploration and development upside ► 100% owned 6
Slide 7: Goldfields - Key Attributes
Goldfields - Key Attributes Established Infrastructure and Access ► Gravel road to site from Uranium City (Provincial highway 962) ► Seasonal ice-road to site from Stony Rapids (Government maintained) ► Barge accessible in summer ► Hydro-power transmission line to site, power stations 40 kilometres
Slide 8: 2022 PEA Summary & Sensitivities
2022 PEA Summary & Sensitivities CURRENT PRICE US$2,500/oz Au Project has high sensitivity UPSIDE CASE to gold price Scope for significantly HIGHER CASE US$1,950/oz Au improved economics in updated PEA or PFS PEA BASE CASE US$1,750/oz Au C$459M After-tax NPV5% US$1,650/oz Au 50.5% After-tax IRR C$34
Slide 9: Conventional & Simple Operation
Conventional & Simple Operation Site Infrastructure Simplified Process Flowsheet Gravity extraction 24.5% Leach/CIP process 70.8% 3:1 22.7 Mt 1.2 g/t Au 95.3% 835 koz Strip Ratio Total Mill Feed Mill Head Grade Average Gold Recovery Total Ounces Recovered
Slide 10: Key Opportunities – Expansion and Exploration
Key Opportunities – Expansion and Exploration Box Mineral Resource Expansion 500 m N GP95-7*: Golden ► Pit expansion into deeper resources possible at higher PEA 5.07 g/t over 15.0 m Pond (3.0 to 18.0 m) gold prices. GP88-2*: Drill core intercept Midas Trench: ► Deeper drill results suggests presenc
Slide 11: Uranium Projects, Saskatchewan
High-Grade Athabasca Basin Uranium Potential ► Seven high-potential projects Uranium Projects, ► Targeting high-grade basement-hosted deposits Saskatchewan ► Numerous high-grade (>1% U3O8) surface showings ► Favorable geology & structure ► 100% owned 11
Slide 12: High-Potential Uranium Projects
High-Potential Uranium Projects Over 60,000 Hectares on the Underexplored Northern Rim of the Athabasca Basin NORTHWEST TERRITORIES SASKATCHEWAN Strike Pine The Woods Birch Goldfields Uranium Projects Spruce Gold Project Fir Aspen Murmac Athabasca Basin 100 km Significant uranium deposits/developmen
Slide 13: Uranium Targeting Concept
Uranium Targeting Concept ► Targeting high-grade basement-hosted deposits immediately outside present-day Athabasca Basin margin (e.g. Arrow, Triple R, Eagle Point) ► Deposits are associated with graphite-rich basement rocks (EM conductors) and major structures ► Outside of the Basin these deposits
Slide 14: Murmac and Strike – Primed for Discovery
Murmac and Strike – Primed for Discovery Camsell Portage Exploration to Date: First-pass (2022 mineralized drill Athabasca intercepts >0.1% U3O8 over 0.1 metre ► Significant uranium endowment: Historical mines Basin ~60 Mlbs U3O8 produced, abundant high-grade >1% Uranium City U3O8 occurrences ► VTEM
Slide 15: Murmac - Support for High-Grade Discovery
Murmac - Support for High-Grade Discovery Highlight analytical results from 2022 Murmac Prospecting: Out of VTEM coverage ► 8.82% U3O8 from a boulder sample on the Armbruster Corridor providing Lorado compelling support for the presence of high-grade, basement-hosted uranium mineralization on the Pr
Slide 16: Strike - Discovery of Mineralization
Strike - Discovery of Mineralization ► Discovery of mineralization in S22-013 (2022 Summer Drill Program) ► The intersection of anomalous uranium up to 0.43% U3O8, associated with reactivated structures in graphitic rocks and pathfinder element enrichment, highlights the potential for high-grade ura
Slide 17: Murmac & Strike Option Agreement
Murmac & Strike Option Agreement ► Option agreement signed with 1443904 B.C. Ltd. on December 15, 2023. 1 ► Angold Resources Ltd. (TSXV: AAU) acquired 1443904 B.C. Ltd. and change its name to Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: 13L0). 2 ► Key Terms of the Agreement: Consideratio
Slide 18: New Discovery at Murmac
New Discovery at Murmac Aero Energy and Fortune Bay Intersect Strong Radioactivity in Second Drill Hole of Summer 2024 Program June 24, 2024 News Release ► 1,309 cps over 8.7 m in structured graphitic pelite, with up to 33,600 cps ► Shallow (approx. 70 - 78 m vertically below surface) ► First drilli
Slide 19: The Woods – A New Frontier for Uranium Discovery
The Woods – A New Frontier for Uranium Discovery District-Scale Opportunity NORTHWEST TERRITORIES SASKATCHEWAN ► Five projects, ~40,000 hectares The Woods ► A dominant land position along the Grease River Uranium Projects Shear Zone (“GRSZ”) within 30 kms of the Athabasca Basin margin Lake Athabasca
Slide 20: The Woods - Highest Lake Sediment U Anomalies in Saskatchewan
The Woods - Highest Lake Sediment U Anomalies in Saskatchewan * Lake sediment uranium anomalism correlates Extreme uranium anomalism in The with major structures & known deposits Woods Projects area The Woods Uranium Projects Athabasca Basin Athabasca Basin Athabasca Basin 20 km ► Highest uranium la
Slide 21: The Woods – Potential for Discovery
The Woods – Potential for Discovery Significant U deposits/developments SDMI & highlight uranium occurrences Extreme surface uranium ► Significant Uranium Endowment - 0.39% U3O8 430 ppm U anomalism Drill holes Historical exploration identified Major faults Lake sediments with values up to 1,870 ppm
Slide 22: The Woods – Fast-Tracked Approach to Discovery
The Woods – Fast-Tracked Approach to Discovery ► The type of historical electromagnetic (“EM”) SDMI uranium occurrences survey completed over Projects is not SDMI REE occurrences effective for identification and targeting of Uranium deposits Major faults basement conductors (favorable graphitic rock
Slide 23: Ixhuatán Project, Chiapas State, Mexico
Top-tier Copper-Gold Potential ► Geological setting parallels most of the giant porphyry deposits worldwide Ixhuatán Project, ► Previous exploration focused on epithermal gold; porphyry system unexplored Mineralization encountered to date is characteristic of the upper portion of a district-scale Ch
Slide 24: Potential for Major Copper-Gold Porphyry Discovery
Bingham Canyon, USA Potential for Major Mendicino Fracture Zone 3.2 GT @ 0.88% Cu Copper-Gold Porphyry Discovery “In the last 20 m.y., the formation of giant porphyry copper-molybdenum and copper-gold deposits in the circum-Pacific region has been closely associated with subduction of aseismic ridge
Slide 25: Ixhuatán - Potential for Major Copper-Gold Discovery
Ixhuatán - Potential for Major Copper-Gold Discovery Regional Magnetics Helimag RTP Ixhuatán 15 km Ixhuatán Tenement Boundary 10 km 25
Slide 26: Ixhuatán - Potential for Major Copper-Gold Discovery
Ixhuatán - Potential for Major Copper-Gold Discovery A’ N ElChichón ► Favorable tectonic setting - subduction of a major aseismic ridge Historical Highlights: ► Thin reactive cover rocks (limestone Santa Fe skarn: 0.6% Cu, 2.4 g/t Au, 120 g/t Ag and 1.30% Pb (mine average grade) and anhydrite-halite
Slide 27: Ixhuatán - Underexplored Copper Potential
Ixhuatán - Underexplored Copper Potential Similar copper potential expected to exist at Santa Fe Drill holes ► Previous exploration focused on gold in the cover rocks (lithocap) Soil Cu ppm ► Strong copper mineralization at Cerro La Mina, Caracol & Santa Fe provides precedent for a copper system Lim
Slide 28: Ixhuatán - Multiple Opportunities
Ixhuatán - Multiple Opportunities C = Carbonate base-metal + Au target ► Advancement of Campamento L = Low sulphide Au-Cu target ► Resource expansion P = Porphyry/Skarn Cu-Au target ► PEA ► Underexplored epithermal gold targets Cacate P-8 ► Central, Caracol, San Isidro, Laguna Chica, Laguna Grande,
Slide 29: Why Invest?
Why Invest? Poised for Growth… Goldfields1 Gold Project Underpinned by significant gold resource base ~3 Moz 0.98 Moz Gold Indicated 0.21 Moz Gold Inferred CANADA Saskatchewan CANADA Upside through partner-funded uranium exploration The Woods4 Uranium Projects Experienced board & management USA Murm
Slide 30: Thank you
Attractive Valuation Poised for Growth Scan for more information Thank you Tel: +1 902-334-1919 info@fortunebaycorp.com Follow our Social Channels www.fortunebaycorp.com TSXV: FOR | FWB: 5QN | OTCQB: FTBYF