Benton Resources, Inc. · TSXV:BEX
Benton Resources — Investor Presentation (May 2024)
21 slides from Benton Resources's investor presentation, May 2024
Slide 1: Advancing the High-Grade Great Burnt Copper-Gold Project in Central Newfoundland
TSXV: BEX Advancing the High-Grade Great Burnt Copper-Gold Project in Central Newfoundland Corporate Presentation - May 2024
Slide 2: Forward-Looking Statements
TSXV: BEX Forward-Looking Statements During the course of this presentation, Benton Resources Inc. may make forward-looking statements with regards to the company’s projects and or business plans. Statements may also be made with regards to the company’s business strategy, products, partners, and ma
Slide 3: Company Overview
TSXV: BEX Company Overview • Management and Board has a combined 150+ years of exploration and discovery successes • Members of management awarded: ➢ PDAC 2007 Bill Dennis Award ➢ NWOPA Discovery of the Year Award in 2000, 2015 and 2017 ➢ NL - CIM Prospector/Explorer of the Year in 2023 • Famed mini
Slide 4: General Geology and Location of Great Burnt Project
TSXV: TSXV:BEX BEX General Geology and Location of Great Burnt Project 4
Slide 5: Great Burnt Property Attributes
TSXV: BEX Great Burnt Property Attributes • NI 43-101 Compliant Resource Estimates Area Class Tonnes Cu (%) Cu (Mlb) Indicated 667,000 3.21 53.2 Great Burnt Inferred 482,000 2.35 28.4 Area Class Tonnes Cu (%) Cu Au Au CuEq* CuEq (Mlb) (g/t) (koz) (%) (Mlb) Indicated 214,000 1.26 6.0 1.21 8.3 2.10 9.
Slide 6: Great Burnt Property Deposit Model
TSXV: BEX Great Burnt Property Deposit Model • Great Burnt Copper Deposit is a Mafic-Siliciclastic or Besshi-Type VMS deposit type • Hosted in belts containing mafic volcanic rocks, volcaniclastic and intrusive rocks and abundant sedimentary rocks • Typically associated with back-arc (and forearc) e
Slide 7: Deposit Area: Magnetics, EM Conductors and Drill Holes
TSXV: BEX Great Burnt Deposit Area: Magnetics, EM Conductors and Drill Holes • Main Great Burnt Pond Deposit • Extensive number of untested conductors • 9,000 m in two phases of drilling program extremely successful • Some of the best drill intercepts were drilled from 2016-2024 indicating that hist
Slide 8: Deposit Area: Downhole EM Survey – In Progress
TSXV: BEX Great Burnt Deposit Area: Downhole EM Survey – In Progress • Seven drill holes selected to conduct downhole EM survey – March 2024 • Survey to evaluate continuation of deposit along strike and down-plunge to the south, as well as shallower up-dip and down-dip extensions • Eastern Geophysic
Slide 9: Great Burnt Deposit
TSXV: BEX Great Burnt Deposit Copper intercepts for Main GB Deposit are indicated in red New geophysical conductors are indicated in green *Drillholes shown are historical and Benton’s 2023 - 2024 9
Slide 10: Selected Drilling Highlights
TSXV: BEX Great Burnt Selected Drilling Highlights Previous drilling by Spruce Ridge • GB20-05: 27.20m of 8.06% Cu, incl 7.75m of 16.88% Cu • GB20-20: 22.75m of 6.89% Cu, incl 12.55m of 10.59% Cu • GB18-05: 20.94m of 6.21% Cu, incl 6.98m of 10.71% Cu • GB18-06: 9.97m of 7.45% Cu, incl 5.03m of 11.42
Slide 11: South Pond Area: Magnetics, EM Conductors and Drill Holes
TSXV: BEX South Pond Area: Magnetics, EM Conductors and Drill Holes Main South Pond Cu- Au Resource Area • Main South Pond Copper-Gold Deposits untested since the 1970s • Recent trenching exposed high-grade Copper and Gold: up to 5.67% Cu and 5.03 g/t Gold • Extensive number of untested conductors a
Slide 12: Great Burnt Deposit – Long Section w/Phase 1 Drilling Results
TSXV: BEX Great Burnt Deposit – Long Section w/Phase 1 Drilling Results 12
Slide 13: Great Burnt Deposit – Long Section w/Phase 2 Drilling Locations
TSXV: BEX Great Burnt Deposit – Long Section w/Phase 2 Drilling Locations 13
Slide 14: Great Burnt Deposit – 3D Wireframe Model
TSXV: BEX Great Burnt Deposit – 3D Wireframe Model N 2022 Resource Wireframe 2024 Preliminary wireframe based on Benton drilling expansion Deposit open down-plunge to south *Drillholes shown are from Benton’s 2023 and 2024 drill programs 14
Slide 15: Drill Section 315N
TSXV: BEX Drill Section 315N • The deepest high-grade intersection in Phase 1 Drilling at Great Burnt • 2023 drilling produced high-grade massive sulphides in Lower Zone (see on the map) at Great Burnt Deposit • Lower Zone is open in all directions • Drilling in Feb–March tested updip, downdip and d
Slide 16: Drill Section 475N
TSXV: BEX Drill Section 475N • Confirmed high grades over significant widths in areas where moderate grades and widths were historically intercepted • GB-23-15 and -16 drilled just below GB-83 yielded far better results in the Main Zone of the deposit • Historic hole GB-84 also targeted for re-drill
Slide 17: Drill Section 400N
TSXV: BEX Drill Section 400N • Confirmed high grades over significant widths in areas where low grades and widths were historically intercepted • GB23-04 and 05 were drilled just above and below historical hole GB-85, yielding far better results in the main deposit • Main Zone open up-dip and down-d
Slide 18: Comparison to the Ming Copper Deposit
e to the Ming Copper Deposit MING MINE RESOURCE - UNMINED AND OPEN 30.2Mt @ 1.81% Cu & 0.5g/t Au for 634kt @ 2.1% Cu Equivalent High-Grade Massive Sulphides - Upper Zones Broad Lower Footwall - Stringer Zone weus Long Section Viewing East Great Burnt Copper Deposit Projected onto Ming Mine long sect
Slide 19: Capital Structure (as of May 3, 2024)
TSXV: BEX Capital Structure (as of May 3, 2024) Shares Issued 188.887 million Warrants ($0.20-0.25) 25.294 million Options ($0.07-0.20) 8.575 million Fully Diluted 222.757 million Market Cap $26.4 million Cash Position = $4.09 million Equity Holdings = $2.3 million 19
Slide 20: Milestones and Outlook for 2024
TSXV: BEX Milestones and Outlook for 2024 Great Burnt • Phases 1 and 2 (9,000 m) drill programs were extremely successful with stringer/semi-massive/massive sulphides intersected in all 37 drill holes, expanding the known deposit limits and confirming high-grade copper core throughout the deposit •
Slide 21: Contact
TSXV: BEX Stephen Stares President & CEO sstares@bentonresources.ca Iryna Zheliasko Investor Relations iryna@grovecorp.ca Website: www.bentonresources.ca 21