Amarc Resources Ltd. · TSXV:AHR
Amarc Resources — Investor Presentation (July 2018)
46 slides from Amarc Resources's investor presentation, July 2018
Slide 1: Amarc Resources Ltd. – Focused on Developing a New Generation of BC Copper Mines
Amarc Resources Ltd. FOCUSED ON DEVELOPING A NEW GENERATION OF BRITISH COLUMBIA COPPER MINES IKE – DUKE – JOY SHORT July 2018
Slide 2: Cautionary and Forward-Looking Statement Information
Cautionary and Forward-Looking Statement Information This presentation includes certain statements that may be deemed "forward-looking statements". All such statements, other than statements of historical facts that address exploration drilling, exploitation activities and other related events or de
Slide 3: Amarc – Low Market Capitalization
Amarc – Low Market Capitalization Listed TSXV: AHR OTCBB: AXREF Shares Issued 169 million Management Owns ~19% Working Capital $4 million An HDI Company 3
Slide 4: Combining Strong Projects & Financing with Successful Management Has Created a Solid Platform to Build Value
Amarc – Focused on Developing a New Generation of BC Copper Mines Combining Strong Projects & Financing with Successful Management Has Created a Solid Platform to Build Value Amarc, an HDI operated company, has assembled a 100% interest in 3 porphyry copper districts in BC These projects – IKE,
Slide 5: HDI – A Leading Explorer, Developer and Operator in BC
HDI – A Leading Explorer, Developer and Operator in BC Hunter Dickinson Inc. has been successfully exploring, developing and operating mines in BC for over 30 years Legacy Projects Golden Bear Mine Mt. Milligan Mine Kemess Mine Taseko Mines Limited Gibraltar Mine ● New Prosperity Project
Slide 6: BC – A Mining Industry Tradition of Porphyry Copper Mines and Projects
BC – A Mining Industry Tradition of Porphyry Copper Mines and Projects Amarc Owns a 100% Interest in the IKE, DUKE and JOY Projects 6 Which Host Multiple Porphyry Cu (± Au, Mo, Ag) Deposit Targets
Slide 7: BC – Copper Producers Mine Copper Equivalent Grades Ranging from 0.29% – 0.55%
BC – Copper Producers Mine Copper Equivalent Grades Ranging from 0.29% – 0.55% RESOURCES AND RESERVES AT SELECTED BC PORPHYRY COPPER MINES AND PROJECTS Name Million Tonnes Cu % Mo % Au g/t Ag g/t CuEQ1 % Red Chris2, A 1,220 0.33 - 0.33 1.1 0.55 New ProsperityB 831 0.23 - 0.41 - 0.49 Mt. PolleyC 247
Slide 8: IKE – South-Central BC Location and Infrastructure
IKE – South-Central BC Location and Infrastructure 111 MT (INF) O 0.44 g/t Au, 1.5 million oz 50 Kilometres Reserves Cu Mo Au CuEQ1 Deposit (M Tonnes) (%) (%) (g/t) (%) GibraltarH 700 0.26 0.008 - 0.29 New 831 0.23 - 0.41 0.49 ProsperityB ValleyI 550 0.29 0.008 - 0.32 1. CuEQ calculations use metal
Slide 9: IKE – Amarc Has Acquired a 100% Interest in Claims Over the Entire Mineral District
IKE – Amarc Has Acquired a 100% Interest in Claims Over the Entire Mineral District 10 Kilometres 9
Slide 10: IKE – Looking Northerly at IKE Deposit
IKE – Looking Northerly at IKE Deposit IKE Deposit Mad Major 10
Slide 11: IKE – District-Wide Airborne Magnetic Survey Outlines Disruptive IKE Magnetic Anomaly
IKE – District-Wide Airborne Magnetic Survey Outlines Disruptive IKE Magnetic Anomaly and Other Compelling Targets Empress Buzzer North Syndicate Buzzer Quinn Rowbottom Mewtwo OMG IKE Magnetic Anomaly Mad Major MMW 4 Kilometres 11
Slide 12: IKE – Detailed Airborne Magnetic Survey Outlines 9 Km2 IKE Magnetic Anomaly
IKE – Detailed Airborne Magnetic Survey Outlines 9 Km2 IKE Magnetic Anomaly B B’ A A’ IKE Magnetic Anomaly 1 Kilometre 12
Slide 13: IKE – Assay Results from the 21 Holes Drilled Indicate Substantial Resource Potential
IKE – Assay Results from the 21 Holes Drilled Indicate Substantial Resource Potential IKE Discovery Drill Hole Plan IKE Mineralized System OPEN Northwest Northeast B B’ OPEN Viewpoint A A’ Southeast WEST EAST Southwest OPEN OPEN IKE Magnetic Anomaly 1 Kilometre 13
Slide 14: IKE – Looking Northeasterly Over IKE Discovery
IKE – Looking Northeasterly Over IKE Discovery VIEWPOINT Hole 21 287 m @ 0.39% CuEQ Hole 20 Northwest 148 m @ 0.54% CuEQ Southwest Hole 13 592 m @ 0.44% CuEQ 14
Slide 15: IKE – Drill Results Indicate IKE is an Important BC Porphyry Discovery
IKE – Drill Results Indicate IKE is an Important BC Porphyry Discovery Selected Assay Intervals IKE Discovery Drill Holes Drill Hole Interval1,2 (m) CuEQ3 (%) Cu (%) Mo (%) Ag (g/t) 01 247 0.42 0.28 0.030 2.0 02 123 0.41 0.32 0.017 2.5 03 92 0.41 0.31 0.020 2.1 05 194 0.49 0.30 0.046 0.8 06 308 0.40
Slide 16: IKE – Characteristics of Some Important Cu-Mo Mines
IKE – Characteristics of Some Important Cu-Mo Mines Deposit Mineralized Material (M+I+I)1 Billion Project Name CuEQ2 (%) Cu (%) Mo (%) Ag (g/t) Tonnes Valley3 1.9 0.29 0.25 0.009 0.7 La Caridad4 4.9 0.31 0.22 0.022 - Sierrita5 4.0 0.30 0.21 0.020 1.3 Morenci5 6.4 0.29 0.26 0.008 - Gibraltar6 1.0 0.2
Slide 17: District Surveys – Results From Talus Fines Sampling Indicate Multiple Mineralized Centres
DISTRICT SURVEYS – Results From Talus Fines Sampling Indicate Multiple Mineralized Centres Chalcopyrite 17
Slide 18: IKE – Widespread Mineralization Confirmed by Talus Sampling
IKE – Widespread Mineralization Confirmed by Talus Sampling Giant Cu-Mo-Ag Anomaly at IKE Viewpoint IKE Mineralized System1 1 Kilometre 18 1. As outlined by IP chargeability surveying, surface geochemical sampling and 21 core holes.
Slide 19: IKE – IP Surveying Has Delineated an Extensive Sulphide Mineralized System to be Drilled
IKE – IP Surveying Has Delineated an Extensive Sulphide Mineralized System to be Drilled Giant IP Chargeability Anomaly at IKE B B’ Extensive Sulphide A A’ Less Sulphide 1 Kilometre IKE Mineralized System IKE Magnetic Anomaly 19
Slide 20: IKE – IP Geophysics Has Delineated an Important Scale Mineralized System A–A'
IKE – IP Geophysics Has Delineated an Important Scale Mineralized System Cross Section A – A’ A Legend Viewpoint A’ >500 ppm > 0.20% CuEQ 1 >500 ppm Copper in Talus Drill Hole Copper in Talus 2018 Proposed Drill Hole IP Sulphide System 1850 Metre Level IP Sulphide System 500 Metres Modelled IP Charg
Slide 21: IKE – IP Geophysics Has Delineated an Important Scale Mineralized System B–B'
IKE – IP Geophysics Has Delineated an Important Scale Mineralized System Cross Section B – B’ B Legend >500 ppm B’ Copper in Talus > 0.20% CuEQ 1 Ridge Line Drill Hole >500 ppm 2018 Proposed Copper in Talus Drill Hole IP Sulphide System 1850 Metre Level IP Sulphide System 500 Metres Modelled IP Char
Slide 22: Mt. Milligan – Porphyry Copper Deposits Often Occur in Clusters
Mt. Milligan – Porphyry Copper Deposits Often Occur in Clusters Mineralized Zones Host Variable Grades Main Zone (MBX/WBX) 274 M Tonnes @ 0.23% Cu, 0.39 g/t Au 66 Zone 80 M Tonnes @ 0.07% Cu, 0.59 g/t Au Southern Star 135 M Tonnes @ 0.21% Cu, 0.29 g/t Au Mt. Milligan Cu-Au Size and Grades of 1 Kilom
Slide 23: Mt. Milligan – Successful Drill Holes Often Flank High IP Chargeability Centres
Mt. Milligan – Successful Drill Holes Often Flank High IP Chargeability Centres Distribution of Drill Hole and Chargeability Results in Plan View Low IP Main Zone 66 Zone Medium IP High IP Low IP Southern Star Medium IP High IP 1 Kilometre 23
Slide 24: IKE – Northerly View Across 3.5 Km Wide Sulphide System
IKE – Northerly View Across 3.5 Km Wide Sulphide System IKE Magnetic Anomaly Viewpoint IKE Mineralized System1 3.0 Km Legend IKE Magnetic Anomaly IKE Mineralized System 3.5 Km IKE Deposit Drill Hole 2018 Planned Drill Hole 1. As outlined by IP chargeability surveying, surface geochemical sampling an
Slide 25: District Surveys – Talus Fines Analyses – Copper
DISTRICT SURVEYS – Talus Fines Analyses – Copper Empress Buzzer North Buzzer Syndicate Row bottom Quinn Mewtwo OMG Mad Major IKE MMW Copper Results 1 Kilometre 25
Slide 26: District Surveys – IP and Drilling Programs
DISTRICT SURVEYS – IP and Drilling Programs Empress 2 Historical Resource: ~10 Mt @ 0.61% Cu & 0.79 g/t Au Buzzer North Claim Outline Buzzer Syndicate Row bottom A 4 Kilometres Quinn OMG Mewtwo IKE Mad Major B 2017 Drill Hole Results From To Int. CuEQ1 Cu Mo Ag Au Hole# (m) (m) (m) (%) (%) (%) (g/t)
Slide 27: DUKE – Central BC Location and Infrastructure
DUKE – Central BC Location and Infrastructure 267 MT (M+I) M 0.35% Cu, 0.17 g/t Au, 0.005% Mo 77 MT (Mined) 257 MT (M+I) N 0.40% Cu, 0.20 g/t Au 30 Kilometres 27
Slide 28: DUKE – Intrusive Rocks are Key to District Copper Mineralization
DUKE – Intrusive Rocks are Key to District Copper Mineralization Claim Outline LYNN DUKE Mineral Property NAK 1971 DUKE Drilling Area Discovery (30 Core Holes) MORRISON 5 Kilometres 28
Slide 29: DUKE – Looking Northeasterly Over 1971 Shallow Drill Holes and Recent Amarc Deep Drill Holes
DUKE – Looking Northeasterly Over 1971 Shallow Drill Holes and Recent Amarc Deep Drill Holes 6 7 1 3 8 1971 2 Drilling Area 4 5 1 Kilometre 29
Slide 30: DUKE – Historical Drill Holes Host Significant Mineralization
DUKE – Historical Drill Holes Host Significant Mineralization 250 Metres A A’ 1991 Core Re-Assay Hole CuEQ2 Interval # (%) (m) H2 0.40 98 H10 0.47 102 H14 0.53 87 H19 0.43 34 1. These 1971 copper equivalent (CuEQ) estimates represent general overall mineral tenor estimates made by Amarc from visual
Slide 31: DUKE – Bell Deposit Comparison Indicates Depth Potential For DUKE
DUKE – Bell Deposit Comparison Indicates Depth Potential For DUKE Average Depth of 1971 DUKE Drill Holes was Only 90 Metres Bell Deposit Cross Section 250 Metres Bell Deposit’s 615 Metre Depth is 2.4 Times its Surface Width 31
Slide 32: DUKE – Successful Test of Depth Potential With Mineralization Open in All Directions
DUKE – Successful Test of Depth Potential With Mineralization Open in All Directions Cross Section A – A’ A A’ Surface 360 M 32
Slide 33: DUKE – Copper Equivalent Values Compare With Currently Operating BC Mines
DUKE – Copper Equivalent Values Compare With Currently Operating BC Mines Cross Section A – A’ A A’ Surface 360 M 1. Copper equivalent (CuEQ) calculations use metal prices: Cu US$3.00/lb, Mo US$12/lb, Ag US$18/oz and Au US$1,300/oz. Metallurgical recoveries and net smelter 33 returns are assumed to
Slide 34: DUKE – Drill Results Indicate DUKE is an Important BC Porphyry Discovery
DUKE – Drill Results Indicate DUKE is an Important BC Porphyry Discovery Selected Assay Intervals DUKE Discovery Drill Holes Interval2,3,4 Drill Hole Incl. From (m) To (m) CuEQ1 (%) Cu (%) Mo (%) Ag (g/t) Au (g/t) (m) 40 130 90 0.35 0.24 0.016 1.1 0.06 incl. 40 73 33 0.41 0.30 0.013 1.4 0.08 210 243
Slide 35: DUKE – Drill Results Indicate DUKE is an Important BC Porphyry Discovery (continued)
DUKE – Drill Results Indicate DUKE is an Important BC Porphyry Discovery Selected Assay Intervals DUKE Discovery Drill Holes Interval2,3,4 Drill Hole Incl. From (m) To (m) CuEQ1 (%) Cu (%) Mo (%) Ag (g/t) Au (g/t) (m) 14 344 331 0.34 0.22 0.019 1.0 0.04 incl. 71 232 161 0.40 0.26 0.025 1.1 0.05 DK18
Slide 36: DUKE – IP Geophysics Has Delineated an Important Scale Mineralized System
DUKE – IP Geophysics Has Delineated an Important Scale Mineralized System IP Chargeability Anomaly A A’ 1 Kilometre 36 * Pole – Dipole; 100 m depth a = 100 m (most lines)
Slide 37: JOY – North-Central BC Location and Infrastructure
JOY – North-Central BC Location and Infrastructure 150 Kilometres 37
Slide 38: JOY – Property Covers Northern Extension to Kemess Porphyry District
JOY – Property Covers Northern Extension to Kemess Porphyry District Lawyers 620 KT (Mined) J 8.7 g/t Au, 183 g/t Ag Baker Shasta Brenda PINE TREE Sturdee Air Strip 246 MT (Ind) K 0.22% Cu, 0.42 g/t Au Kemess Underground Kemess East January 2018: Centerra Nugget 113 MT (Ind) K Gold purchases Kemess
Slide 39: JOY – Extensive Historical Drilling Narrows the Focus For Discovery
JOY – Extensive Historical Drilling Narrows the Focus For Discovery Finlay Magnetic RYAN Corridor FIN TREE PINE MEX CANYON VIP 10K WRICH Finlay Magnetic Corridor 5 Kilometres 39
Slide 40: JOY – Airborne Magnetic Survey Reveals Compelling Targets
JOY – Airborne Magnetic Survey Reveals Compelling Targets Within and Adjacent to Finlay Magnetic Corridor Finlay Magnetic Brenda Corridor TREE PINE Finlay Magnetic Corridor Kemess Underground Kemess East Nugget 5 Kilometres 40 Kemess South
Slide 41: JOY – Intrusive Stock-Size Magnetic Anomalies and Historical Intercepts
JOY – Intrusive Stock-Size Magnetic Anomalies and Historical Intercepts Indicate Significant Potential HISTORICAL DRILL INTERCEPTS Drill Int. CuEQ1 Cu Au Ag Hole (m) (%) (%) (g/t) (g/t) A 77 0.40 0.24 0.20 3.6 B 139 0.76 0.13 0.97 2.0 C 122 0.74 0.16 0.91 0.8 D 143 0.49 0.17 0.48 1.9 E 75 0.42 0.14
Slide 42: JOY – Highly Anomalous Soil Sample Results – Copper
JOY – Highly Anomalous Soil Sample Results – Copper RYAN 2.5 Kilometres FIN TREE PINE MEX CANYON 42
Slide 43: JOY – Extensive IP Surveying Planned to Delineate Major Mineralized Systems
JOY – Extensive IP Surveying Planned to Delineate Major Mineralized Systems Finlay Magnetic Corridor RYAN FIN TREE PINE MEX CANYON VIP 10K WRICH 5 Kilometres 43
Slide 44: Amarc – Focused on Discovering Major Porphyry Copper Deposits at IKE, DUKE and JOY
Amarc – Focused on Discovering Major Porphyry Copper Deposits at IKE, DUKE and JOY Strong Projects + Financing + Management Mining Share Value Creation Begins 44
Slide 45: Contact Information
Contact Information “We operate in a responsible manner so that our activities protect the Health and Safety of our employees and contractors, and of the communities in which we work.” Amarc’s Responsible Mineral Development Policy Dr. Diane Nicolson President Amarc Resources Ltd. Phone: 604-684-636
Slide 46: References
References A. Greg Gillstrom P.Eng., Raj Anand, M.Eng. P.Eng., Steve Robertson, P.Geo., “2012 Technical Report on the Red Chris Copper-Gold Project”, February 14, 2012 B. Scott Jones, P.Eng., “Technical Report on the 344 million tonne Increase in Mineral Reserves at the Prosperity Gold-Copper Projec