Slide 1: Mitigating Risk. Multiplying Opportunities.
Mitigating Risk. Multiplying Opportunities. XTM – TSXV | Wollaston Copper Project Q1 2022 1
Slide 2: Wollaston Copper Project Key Points
Wollaston Copper Project Key Points Sediment Hosted Copper Opportunity in Saskatchewan ► 175 km2 property staked by Transition covering similar geological environments along strike from Rio Tinto’s Janice Lake project ► Cluster of copper showings exposed in bedrock over a 50 km strike length ► Only
Slide 3: XTM's Past Success: Janice Lake
• Janice Lake property staked by Transition in 2012, optioned to Forum Energy Metals in 2018 • Forum entered into $30 million deal XTM’s Past with Rio Tinto in 2019 Success • Rio Tinto has since constructed a 110 km winter haul road to support 50 Janice Lake person year round exploration camp to exp
Slide 4: Why Copper in Saskatchewan?
Why Copper in Saskatchewan? ► Fundamental demand for copper expected to increase as EV market grows ► Lack of investment in exploration for new copper deposits expected to exacerbate supply gap ► Copper production grades dropping due to dependence on expansion of existing porphyry copper projects ►
Slide 5: Wollaston Copper Belt
Wollaston Copper Belt ► Wollaston Supergroup • >800 km long sedimentary belt, analogous to the size of the African Copper Belt • Closed basin architecture, with evidence of evaporites (scapolite), carbonates, and calc-silicates • Extensive red-bed sediments • Hosts stratabound to stratiform Cu sulfi
Slide 6: Property Geology and Stratigraphy
Property Geology and Stratigraphy XTM:TSXV 6
Slide 7: Wollaston Copper Exploration History
Wollaston Copper Exploration History Porcupine Block (South Block) Fannon Block (North Block) 1970’s 1960-1990 • Wollex – prospecting, mapping and sampling, detailed geophysics • D. Partridge – discovers copper mineralization and geochemical surveys focusing on the Fable Zn mineralization • 1975 – S
Slide 8: Fannon - Flag Lake Showing Diamond Drilling
Fannon - Flag Lake Showing Diamond Drilling • 1994 Noranda drilling at Flag Lake shows comparable widths and grades of copper mineralization as at Janice Lake. • Drill intercepts of 0.24% copper over 10.82 m and a second intersection of 0.49% copper over 7.4 m within 40 m of surface. • 2 mineralized
Slide 9: Transition Metals' 2020 Work Program
Transition Metals’ 2020 Work Program Regional Biogeochemical Sampling • Property scale tree-top biogeochemical survey • ~500 m sample spacing, with tighter infill sampling around known showings • Objective: trace prospective copper bearing stratigraphy under cover, highlight large scale target areas
Slide 10: Biogeochemical Sampling and Interpretation
Biogeochemical Sampling and Interpretation ► Red circles represent primary exploration targets or samples with high contrast (>2.5σ) and enriched classifications, while orange circles are secondary targets with moderate contrast (1.5 ↔ 2.5 σ) and enriched classifications (Stanley, 2006; Halley et al
Slide 11: Wollaston Copper Project Next Steps
Wollaston Copper Project Next Steps Mapping and Sampling ► Ground truth geology, (bio)geochemical and geophysical target areas Geophysics ► Re-process high resolution airborne data of the Porcupine property block (south block) ► Collect high resolution airborne geophysics over the Fannon block (nort
Slide 12: Forward-looking Statements
Forward-looking Statements Certain information contained in this presentation, includes information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", “upcoming” and similar expressions and statements relating to matters that are no
Slide 13: Mitigating Risk. Multiplying Opportunities.
Mitigating Risk. Scott McLean HBSc., P.Geo. Multiplying CEO & Co-founder smclean@transitionmetalscorp.com Opportunities. 9C – 1351 Kelly Lake Road Sudbury ON P3E 5P5 Telephone: 705-669-0590 Q1 2022 13