Amarc Resources Ltd. · TSXV:AHR
Amarc Resources — Investor Presentation (November 2024)
40 slides from Amarc Resources's investor presentation, November 2024
Slide 1: Powering the Future: Developing High Value Copper-Gold Assets
POWERING THE FUTURE Developing High Value Copper-Gold Assets JOY – DUKE – IKE TSXV: AHR OTCQB: AXREF November 2024
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 plans and plans for enhanced relationships are forward-looking s
Slide 3: Amarc Value Proposition
Amarc Value Proposition Three High Demand BC Copper-Gold District Scale Projects • Amarc’s team is an acknowledged leader in finding, developing and transacting important mining projects • Focused on the successful development of the next generation of Cu-Au deposits in BC • BC is the premier jurisd
Slide 4: Amarc Value Proposition
Amarc Value Proposition Three High Demand BC Copper-Gold District Scale Projects • Freeport Mineral Properties Canada Inc. at JOY and Boliden Mineral Canada Ltd. at DUKE can earn up to a 70% interest in each District by staged investments of $110 million and $90 million, respectively: together, pote
Slide 5: Amarc HDI's Value Vehicle for New Major BC Deposit Discoveries
Amarc HDI’s Value Vehicle for New Major BC Deposit Discoveries HDI Associated Companies have been Successfully Exploring, Developing & Operating Mines in BC & Globally for over 35 Years Amarc Projects Legacy Projects Taseko Projects JOY Golden Bear Mine • Gibraltar Mine DUKE Mt. Milligan Min
Slide 6: Amarc Fully Funded with Unparalleled Copper and Gold Assets
Amarc Fully Funded with Unparalleled Copper and Gold Assets Financial Position (as at July 10, 2024) Cash on Hand Key Shareholders Capital Structure JV Project Accounts: $7.9 M Sutton Group Inc.: 19% Listed: TSXV: AHR OTCQB: AXREF Corporate Working Capital: $2.7 M Robert Dickinson: 15% Shares Issued
Slide 7: Amarc Unparalleled BC Mining Experience
Amarc Unparalleled BC Mining Experience Dr. Diane Nicolson CEO & President Mark Rebagliati, P.Eng. Senior Technical Advisor • Internationally successful mining executive and • Exceptional explorationist & manager of worldwide explorationist, PhD Economic Geology exploration projects • 20+ years of e
Slide 8: BC North America's Heartland for Copper-Gold Porphyry Deposits
BC North America’s Heartland for Copper-Gold Porphyry Deposits Significant Porphyry Cu (± Au, Ag, Mo) Deposits have been Discovered at Each of Amarc’s 100% Owned JOY, DUKE & IKE Districts 8
Slide 9: JOY District: Developing Mineral Projects Targeted by Major Mining Companies
JOY District Amarc is Developing Mineral Projects Targeted by Major Mining Companies Situated for Success in North- Central BC With Key Infrastructure PINE Cu-Au Deposit & Pipeline of Cu-Au Discoveries & Deposit 150 Kilometres Targets 9
Slide 10: JOY Deposit Captures Northern Extension of Kemess Porphyry Cu-Au Belt
JOY Deposit Captures Northern Extension of Kemess Porphyry Cu-Au Belt 621 KT (Mined)J 8.7 g/t Au, 183 g/t Ag Lawyers (Benchmark) Baker (TDG Gold) Shasta Picture Viewpoint (TDG Gold) Brenda PINE Sturdee MEX Air Strip 246 MT (Ind)K 0.22% Cu, 0.42 g/t Au 107.7 MT (Prob) 0.27% Cu, 0.54 g/t Au Centerra G
Slide 11: JOY District Large Scale Porphyry Cu-Au Potential Under Thin Glacial Cover
JOY District Large Scale Porphyry Cu-Au Potential Hidden Under Thin Glacial Cover MEX TREND CANYON SWT MORE NORTH MAIN SOUTH TWINS PINE FINLAY 11
Slide 12: JOY District Large-Scale Mineral System Trends
JOY District Large-Scale Mineral System Trends Occur at JOY that Host the PINE, Canyon, Twins & Other Developing Targets JOCK E JOCK W PIL NW GOSSAN NUB PINE Brenda Shasta Deposit MORE NWT MEX NWG EXT CANYON ACAPULCO CT GAP SOUTH TWINS MEX WT SWT SE GOSSAN 5 Kilometres 12
Slide 13: PINE Porphyry Trend at JOY District
JOY District PINE Porphyry Trend at JOY District PINE PORPHYRY TREND AT JOY DISTRICT SW NE 15 Kilometres SWT TARGET TWINS DEPOSIT TARGET CANYON DISCOVERY PINE DEPOSIT 14 mV/V IP Chargeability Model Indicates Significant Sulphide Mineralization Cross Section Viewing Northwest 13
Slide 14: PINE Deposit Hosts Significant Expansion Potential Laterally & to Depth
PINE Deposit Hosts Significant Expansion Potential Laterally & to Depth SW NE 6 km2 IP Chargeability Anomaly 2,600 m Mineralized Trend 1,700 m PINE Deposit G A C D F J G I A I H L 600 m E E D F B C M H J K B PINE TARGET 6 KM2 MINERALIZED FOOTPRINT OUTLINED BY 14 MV/V CHARGEABILITY ANOMALY 2021-2022
Slide 15: CANYON Discovery Within Highly Prospective 5 km2 Sulphide System
CANYON Discovery Canyon Cu-Au Discovery Within Highly Prospective 5 km2 Sulphide System JP22030: 360-363 m CANYON DISCOVERY cpy + py + mt in qz veins & disseminated 0.74% CuEQ 0.55% Cu, 0.30 g/t Au 500 Metres JP22030: 528 m 264 m of 0.15% CuEQ JP22030 From 528.35 to 528.4 m (0.11% Cu, 0.06 g/t Au) 1
Slide 16: World Class Cu-Au Districts Characterized by Mineral System Trends
JOY District World Class Cu-Au Districts Characterized by Mineral System Trends 16 Source: Newcrest Mining Limited, “Pursuit of Red Chris”’, for PDAC 2020
Slide 17: NW Gossan Defined a New Porphyry Cu-Au Deposit Target
NW Gossan Comprehensive Surveys Defined a New Porphyry Cu-Au Deposit Target E W Prepared Drill Pad 17
Slide 18: NW Gossan Comprehensive Surveys Defined a New Porphyry Cu-Au Deposit Target
NW Gossan Comprehensive Surveys Defined a New Porphyry Cu-Au Deposit Target Overlapping Porphyry/Epithermal Geochemistry IP Chargeability Airborne Magnetics NW Gossan Target NW Gossan Target NW Gossan Target Claim Outline A Telescoped Porphyry A Telescoped Porphyry A Telescoped Porphyry Claim Outlin
Slide 19: DUKE District: Developing Mineral Projects Targeted by Major Mining Companies
DUKE District Amarc is Developing the Mineral Projects Targeted by Major Mining Companies Situated for Success in Central BC with Key Infrastructure 30 Kilometres 19
Slide 20: DUKE District In-Place Infrastructure Facilitates Lower-Cost Exploration
DUKE District In-Place Infrastructure Facilitates Comprehensive Lower-Cost Exploration 20
Slide 21: DUKE Deposit Delineation Drilling Continues to Expand Open-Ended Deposit
DUKE Deposit Delineation Drilling Continues to Expand Open-Ended DUKE Deposit 93 m of 0.29% CuEQ1 4 30 m of 0.47% CuEQ 29 m of 0.47% CuEQ within 208 m DUKE 38,39 41 of 0.26% CuEQ Offset 40 12 125 m of 0.52% CuEQ B’ within 542 m of 0.33% CuEQ 69 m of 0.28% CuEQ within 214 m of 0.24% 37 CuEQ 35 309 m
Slide 22: DUKE Deposit Remains Open to Expansion, Section B-B'
DUKE Deposit DUKE Deposit Remains Open to Expansion, Section B-B’ B 650 m B’ 30 37 34 19 26 5 3 Surface 17 1 24 90 m 200 m 1. See footnotes on page 33. For assay results see Amarc releases June 15, 2023 and June 25, 2024. 188 m 217 m OPEN OPEN 600 m 9 600 m 551 m 570 m 600 m 22
Slide 23: Analyses of Government Data Identifies Multiple New Porphyry Cu-Au Targets
DUKE District Amarc Analyses of Government Data Identifies Multiple New Porphyry Cu-Au Targets JO SVEA DUKE Calculated dispersion train length ~3.5 km Compelling multi-element anomalies discovered with high contrast to background 10 Kilometres 23
Slide 24: Exploration Surveys Delineated Multiple New Porphyry Cu-Au Targets
DUKE District Comprehensive Exploration Surveys Have Delineated Multiple New Porphyry Cu-Au Targets JO Deposit Target SVEA Deposit Target C4 Deposit Target DUKE Deposit Nak Wolf Morrison Bell Granisle 10 Kilometres 24
Slide 25: IKE District: Developing Mineral Projects Targeted by Major Mining Companies
IKE District Amarc is Developing the Mineral Projects Targeted by Major Mining Companies Situated for Success in South-Central BC with Key Infrastructure 50 MT (INF) O 0.59 g/t Au, 940,000 oz 50 Kilometres Reserves Cu Au Mo Deposit (M Tonnes) (%) (g/t) (%) Gibraltar H 590 0.26 - 0.008 New Prosperity
Slide 26: IKE District Looking North Across IKE & Empress Deposits
IKE District Looking North Across IKE & Empress Deposits Interior Plateau Coast Range Buzzer Empress East Syndicate Battlement Empress Quinn Taylor -Windfall OMG Rowbottom IKE Mewtwo Magnetic Anomaly Mad Major IKE Mineralized System1 Legend 3.5 Km IKE Magnetic Anomaly IKE Mineralized System Amarc Dr
Slide 27: IKE Deposit Assay Results Indicate Substantial Resource Potential
IKE Deposit Assay Results from 26 Drill Holes Indicate Substantial Resource Potential IKE Mineralized System Northwest Northeast Cirque Cirque 1,000 Viewpoint Metres A A’ Southeast Cirque Southwest Cirque 1,200 Metres WEST EAST IKE Magnetic IKE Discovery Drill Hole Plan Anomaly 1 Kilometre 27
Slide 28: IKE Deposit Looking NE Over IKE Discovery & Cirque Areas
IKE Deposit Looking NE Over IKE Discovery & Higher Grade Cirque Areas Viewpoint Hole 21 287 m @ 0.37% CuEQ Hole 20 Northwest Cirque 148 m @ 0.52% CuEQ Southwest Cirque Hole 13 592 m @ 0.43% CuEQ 28
Slide 29: IKE Deposit Cross Section Shows Extensive, Continuous Mineralization
IKE Deposit Cross Section Looking North Shows Extensive, Continuous Mineralization Cu & Mo Grade Distribution A Viewpoint A’ 400 Metres 29
Slide 30: IKE Deposit Drilling Indicates an Important, New BC Porphyry Copper Deposit
IKE Deposit Drilling Indicates an Important, New BC Porphyry Copper Deposit Selected Drill Hole Results Drill Hole From (m) To (m) Int. (m)1 Cu (%) Ag (g/t) Mo (%) CuEQ (%)1 269.4 325.4 56.0 0.31 1.6 0.064 0.55 339.1 426.2 87.1 0.36 0.7 0.054 0.56 IK14005 Incl. 347.7 378.6 30.9 0.47 1.2 0.052 0.67 4
Slide 31: IKE District Ideal Geological Setting for High Value Cu Deposits
IKE District Ideal Geological Setting for Discovery of High Value Cu (± Au, Ag, Mo) Deposits Northern Boundary of Coast Plutonic Complex 5 Kilometres 31
Slide 32: Empress Deposit Historical Drilling Indicates Gold Enriched Deposit Targets
Empress Deposit Historical Drilling Indicates Gold Enriched Deposit Targets Gold Enrichment Along CPC Boundary Northern Boundary of Coast Plutonic Complex (CPC) 3 Kilometres 32
Slide 33: Empress Deposit
Empress Deposit Higher Grade Copper & Gold Drill Intersections Open to Significant Expansion Selected Drill Hole Results Drill Hole From (m) To (m) Int. (m)1,2,3 Cu (%) Au (g/t) Ag (g/t) Mo (%)4 CuEQ (%)5,6 26.8 102.9 76.1 0.92 1.42 4.7 - 1.74 76-3 Incl. 26.8 37.6 10.8 0.49 4.24 2.3 - 2.86 Incl. 42.
Slide 34: Greater Empress: Lateral Higher Grade Drill Intercepts
Greater Empress Lateral Higher Grade Drill Intercepts Indicate Significant Expansion Potential Gold Enrichment Along CPC Boundary W E Empress Empress Cap Empress East Volcanics Coast Plutonic Complex Interpreted contact between volcanic rocks 500 Metres and underlying CPC intrusions 34
Slide 35: Greater Empress: High Potential for Multiple Deposits Along CPC Contact
Greater Empress High Potential for Multiple Deposits Along CPC Contact Indicated by Historical Drilling Selected Historical Drill Hole Results Deposit Target Drill Hole From (m) To (m) Int. (m)1 Cu (%) Au (g/t)1 Ag (g/t) Mo (%) CuEQ (%)1 9.8 37.8 28.0 0.34 0.54 1.2 0.002 0.66 EMPRESS EAST 91-39 107.
Slide 36: Amarc Value Proposition
Amarc Value Proposition Three High Demand BC Copper-Gold District Scale Projects • Amarc owns 100% of the JOY, DUKE and IKE porphyry Cu-Au Districts in BC: extensive fully funded drilling completed in 2024 at all 3 Districts, assay results planned to be released over the coming months • Each Distric
Slide 37: Appendices
APPENDICES 37
Slide 38: North America's Heartland for Copper-Gold Porphyries
North America’s Heartland for Copper-Gold Porphyries Reserves & Resources at Select BC Porphyry Copper Mines & Projects Name Category Million Tonnes Cu % Au g/t Mo % Ag g/t Proven 262 0.38 0.29 Red Chris 1,A Probable 25 0.29 0.29 Proven 481 0.26 0.46 New Prosperity B Probable 350 0.18 0.35 Proven 51
Slide 39: References for BC Porphyry Copper Mines & Projects
North America’s Heartland for Copper-Gold Porphyries References for BC Porphyry Copper Mines & Projects 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; Open pit cutoff – $1.50 MVH, Undergrou
Slide 40: Responsible Mineral Development Policy and Contact
“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 14th Floor, 1040 W. Georgia Street TSXV: AHR OTCQB: AXREF Vancouver, BC Canada V6E 4H1 a
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