Norsemont Mining Inc. · CSE:NOM
Norsemont Mining — Investor Presentation (March 2022)
34 slides from Norsemont Mining's investor presentation, March 2022
Slide 1: Choquelimpie Gold-Silver Project
Choquelimpie Gold-Silver Project Norsemont Mining Inc. March 2022 CSE:NOM CSE:NOM I OTCQB:NRRSF | OTCQB:NRRSF | FRA:LXZ1 I FRA:LXZ1 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes certain forward-looking statements and forward-looking information (together, “forward-looking statements”). All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the
Slide 3: Value Proposition
Value Proposition Stable Jurisdiction, Regional Tax Benefits Quality Project. Past Producer. Non-compliant resource NI 43-101 resource estimate in Q1 2022 Maiden diamond drill program completed Near-term oxide leach possibilities Potential porphyry copper-gold system CSE:NOM CSE:NOM| OTCQB:NRRSF | O
Slide 4: Mission Statement
Mission Statement MISSION: To create and capture value for stakeholders by methodically exploring and developing our Choquelimpie gold and silver property VALUES: Safety, Sustainability, Respect, Integrity, Excellence, Courage CSE:NOM | OTCQB:NRRSF | FRA:LXZ1 4
Slide 5: Team Members
Team Members MARC LEVY ART FREEZE DR. ADRIAN KING CHARLES ROSS Chairman & CEO Director Director Lead Director Adrian King joined Teck Resources Limited as a summer student more than thirty-five years ago. Mr. Ross has more than 25 years’ experience His global experience in exploration and in the int
Slide 6: Team Members
Team Members KYLE HADDOW KULWANT JOHN CURRIE DAVID LANG SANDHER Director CFO VP Exploration Advisory Chairman Mr. Haddow is an active market participant Has 25+ years of experience in operational, John is an exploration geologist with 30 years David Laing is a mining engineer with 40 and investor in
Slide 7: Chile Choquelimpie
Chile • Stable mining jurisdiction • Most multinationals operating in Chile • Mining industry accounts for 12% of GDP • No. 1 Global Copper Producer • Top 10 on Fraser Institutes’ Investment Attractiveness Index Choquelimpie • Past Producing Gold-Silver Mine • Located in Northern Chile • Arica – Par
Slide 8: Advancing The Asset
Advancing The Asset CSE:NOM CSE:NOM| OTCQB:NRRSF | OTCQB:NRRSF | FRA:LXZ1 | FRA:LXZ1 8
Slide 9: Historic Gold Oxide Resource
Historic Gold Oxide Resource* Tonnes Au Ag Au Ag (mm) (g/t) (g/t) (oz) (oz) Au Oxide 10,528,000 0.61 15.16 206,287 5,131,612 Indicated 8,152,000 0.65 17.33 170,379 4,542,577 Inferred 2,376,000 0.47 7.71 35,907 589,034 * Non-compliant resource. *Source: Geología y Recursos Minerales del Proyecto Nilo
Slide 10: Advancing the Asset
Advancing the Asset New Ownership July 2020 Aug 2020 – Jun 2021 July 2021 Sep 2021 Dec 2021 Norsemont acquires Data compilation, Lidar, IP / Re-logged Maiden drill program 100% interest from Build and validate MT surveys ~6,500m of completed. Dump subsidiary of Copec database. Re-assay completed his
Slide 11: Understanding the Asset
Understanding the Asset CSE:NOM CSE:NOM| OTCQB:NRRSF | OTCQB:NRRSF | FRA:LXZ1 | FRA:LXZ1 11
Slide 12: Geophysics
Geophysics N Location of Pole-Dipole IP / Resistivity and MT lines on Digital Terrain Model • 13.7 line kms IP / Res, providing information from surface to ~400m (100m dipoles, 500m spaced lines, modelled with 2D, 3D inversions) • 11.8 line kms MT, providing information from surface to ~1km (250m sp
Slide 13: Mapping the System
Mapping the System Laterally extensive Plan Map – 4600m asl depth slice IP Chargeability Drill Hole A-327 35m @ 32.2 g/t Au A’ N Drill Hole A-342 IP Chargeability (msecs) 70m @ 3.6 g/t Au _msecs Drill Hole Trace INTERMEDIO Au g/t PIT A CSE:NOM | OTCQB:NRRSF | FRA:LXZ1 13
Slide 14: Poorly Tested
Poorly Tested Long Section looking NW Drill Hole A-342 Drill Hole A-327 70m @ 3.6 g/t Au 35m @ 32.2 g/t Au Grade Shells / Drill Hole Trace Au g/t 5 - 340 2.5 - 5 1 - 2.5 Cautionary notice: The Leapfrog™ interpretation is a preliminary computer-generated visualization based on historic drillhole assa
Slide 15: Extends To Depth ~ Choque Pit Area
NNE SSW Extends To Depth Drill Hole A-342 ~ Choque Pit Area 70m @ 3.6 g/t Au N SECTION LOOKING ESE • Choque pit showing extent of IP Chargeability (msecs) _msecs previous drilling • Significant mineralisation OPEN OPEN Drill Hole Trace identified in previous drilling Au g/t beneath pit OPEN • Large
Slide 16: Testing the Asset
Testing the Asset CSE:NOM CSE:NOM| OTCQB:NRRSF | OTCQB:NRRSF | FRA:LXZ1 | FRA:LXZ1 16
Slide 17: Historic Drilling
Historic Drilling • +1,700 holes; 135,900m • Shell drilled 900 holes, 103,400m • Can Can drilled 828 holes, N 32,500m • In 2007, Can Can drilled 3 deep 0 m 500 diamond drill holes, testing for Datum: WGS 84 ZONE 19S porphyry Cu-Au system • All core on-site Shell drill holes Can Can drill holes Can C
Slide 18: Sonic Drilling
Sonic Drilling Total of 69 holes Dumps: • 66 Holes, 1,268m Leach Pad: N • 3 holes drilled into leach pads to SW of area (106m) 0 m 500 Objective: Datum: WGS 84 ZONE 19S Establish mineral type, tonnes 2021 Sonic drill hole and grade of dumps and leach 2021 Sonic drill hole pads. Generate fresh materi
Slide 19: High-Grade Zones
Vizcacha Top 5 Historic Intercepts High-Grade Hole ID From To Interval (m) Au g/t A-327 0 35 35 32.2 Zones A-417 A-298 A-287 0 0 0 22 18 23 22 18 23 14.0 17.0 7.3 A-109 0 20 20 7.9 Demonstrating Upside Choque Top 5 Historic Intercepts Hole ID From To Interval (m) Au g/t A-342 0 70 70 3.6 Vizcacha R0
Slide 20: Maiden Drill Program
Maiden Drill Program Enhancing value, reducing risk • 10 holes completed • 3,147m drilled • First drill results expected Q1 N 2022 • Suspended due to Altiplano 0 m 500 winter. Plan to return with expanded program in April 2022 Datum: WGS 84 ZONE 19S Objective: Shell drill holes To confirm historic d
Slide 21: New Data, New Targets
New Data, New Targets View looking to southwest N 0 m 500 Datum: WGS 84 ZONE 19S Flanking Vizcacha pit, historic intercept of DDH completed 35m @ 32.2 g/t Au. Confirmed by re-assay Historic holes 250m Historic pits CSE:NOM | OTCQB:NRRSF | FRA:LXZ1 21
Slide 22: 2021 Norsemont Drilling
2021 Norsemont Drilling Final Hole ID Easting Northing Azi. Dip (-) Depth (m) MV21-001 473180 7976044 190 50 312.9 MV21-002 473260 7975976 0 90 388.8 MV21-003 473264 7975888 20 60 295.5 MV21-004 473256 7975969 170 50 139 MV21-005 473152 7975876 10 60 400 Vizcacha Pit MV21-007 473009 7975592 0 50 367
Slide 23: Vizcacha Pit Drill Results
A VIZCACHA PIT Vizcacha Pit 2021 MV21-001 Drill Results MV21-002 Drill Results* From To Interval Au N (m) (m) (m) g/t 0 93.0 93.0 1.38 MV21-002 Including 0 6.0 6.0 10.22 MV21-004 0 m 50 Including 0 12.0 12.0 6.29 A-327 Including 0 50.0 50.0 2.01 35m @ 30.5 g/t Au Datum: WGS 84 ZONE 19S 136.0 189.0 5
Slide 24: Cross Section A-A'
Cross Section A-A’ A A’ NNW SSE MV21-002 MV21-004: MV21-003 Assays pending 31m @ 3.63 g/t Au _4700m incl. 9m @ 6.07 g/t Au Units HBX Hydrothermal breccia BCC Breccia, chaotic, crystalline tuff matrix MV21-002: 139.0m 93m @ 1.38 g/t Au DQP Dacite quartz porphyritic dome incl. 12m @ 6.29 g/t Au Drill
Slide 25: Blue Sky
Blue Sky Uncovering Potential • 2017 non-compliant in-situ oxide resource of 206koz @ 0.61 g/t Au, 5Moz Ag @15 g/t Ag • Historic drill data indicates potential to delineate additional oxide gold resources next to the known oxide mineralisation • Additional broken and mineralized oxide-mixed material
Slide 26: Moving Forward
Moving Forward CSE:NOM CSE:NOM| OTCQB:NRRSF | OTCQB:NRRSF | FRA:LXZ1 | FRA:LXZ1 26
Slide 27: Public and Community Relations
Public and Community Relations Gaining Social License Stakeholders: • Local Aymara communities • Governors’ offices of Arica and Parinacota, Municipalities of Arica, Putre and Camarones; Government agencies - SEREMI (Reg. Mines Ministry), SEA (Environmental Assessment), SERNAGEOMIN (Geology & Mining
Slide 28: Choquelimpie Metallurgy
Choquelimpie Metallurgy Knowing the Asset Successful historic oxide production Excellent historic heap leach gold recoveries (~90% Au) Initial focus on delineating near- surface oxide material, (in-situ, dumps and leach pads) for leaching Establish both leach and flotation characteristics of mixed a
Slide 29: Excellent Existing Infrastructure
Excellent Existing Infrastructure Added value • Located in Arica & Parinacota Region • 5757 Hectares Property • Year-round road access • Power and water on-site • Water Permits • Fully equipped camp, offices, warehouse • 3,000 tons/day mill on site • ADR effluent treatment plant • Warehouse and logg
Slide 30: Tax Benefits - Operating in Arica
Tax Benefits - Operating in Arica Tax benefits to operating in Arica-Parinacota: • 30% credit on investments in physical assets (construction, machinery and equipment) • 40% credit on investments in construction or real estate • Arica Industrial Free Trade Zone located near Chile-Peru-Bolivia border
Slide 31: Hidden Treasure
Hidden Treasure Quality Project, Past Producer • Substantial investment by past operators • Large non-compliant resource Stable Jurisdiction, Regional Tax Benefits • Re-assaying, geophysical surveys, sonic drill results to be included in NI 43-101 resource report est. Q1 2022 Technical Expertise, Di
Slide 32: Share Structure
Share Structure as of September 30, 2021 Issued and Outstanding Shares 52.2 Million Warrants 10.7 Million Options 4.1 Million Fully Diluted Shares 67.4 Million Escrow 7.5 Million Working Capital $5 Million Exercise of Warrants $8.9 Million Fully Diluted Working Capital $13.8 Million CSE:NOM | OTCQB:
Slide 33: Contact Details
Contact Details Norsemont Mining 610 - 700 West Pender Street Vancouver BC, V6C 1G8 Tel: 604-669-9788 info@norsemontmining.com Investor Relations: 778-240-7724 facebook/norsemont twitter/norsemont instagram/norsemontmining CSE:NOM | OTCQB:NRRSF | FRA:LXZ1 33
Slide 34: Thank You
Thank You Norsemont Mining Inc. Questions ? January 2022 CSE:NOM CSE:NOM I OTCQB:NRRSF | OTCQB:NRRSF | FRA:LXZ1 I FRA:LXZ1 34
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