Wallbridge Mining Co. Ltd. · TSX:WM

Wallbridge Mining — Investor Presentation (September 2024)

76 slides from Wallbridge Mining's investor presentation, September 2024

  1. Slide 1: Growing Gold Resources

    (WV watterioce ee Growing Gold Re September 2024

  2. Slide 2: Cautionary Note Regarding Forward-Looking Information

    Cautionary Note Regarding Forward-Looking Information (warerioce ‘The information in thisdocument may contain forward -looking statements or information (collectively, “FL") within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections and int

  3. Slide 3: QP Statement

    QP - Statement (warerioce ‘The scientific and technical information of the Company and of the Fenelon, Martiniére and Grasset properties in cluded in this presentation have been approved by Francois Chabot, Eng.. Technical Studies Manager of Wallbridge anda Qualified Person as defined by NI 43-101.

  4. Slide 4: Abitibi Greenstone Belt

    Abitibi Greenstone Belt (warerioce North vs. South BT vas y Gold Deposits ° Tome Owe MerAuindeated | Fenelon Gold Project | Northern vs. Southern Interpreted Structures 0.63 Moz Au Inferred H 2023 Mineral Resource Estimate ano eee | /_ eee Ahighl aaa re = Similar geology = World-Class potential Nort

  5. Slide 5: District Scale - Detour-Fenelon Gold Trend

    District Scale - Detour-Fenelon Gold Trend (warerioce Multi-Million Ounce Gold Resources MULTI-MILLION OUNCE DEPOSIT Detour Lake mine (Agnico Eagle Mines) Canada’s largest gold mine 2023 Production 677,446 oz gold _ me: a Sane a oe 3 % POTENTIAL Wallbridge 2023 Mineral “ Detour East Ss “ ) anemic e

  6. Slide 6: Major Milestones

    Major Milestones (warerioce From Discovery to PEA Acquires Fenelon Project Acquires Balmoral Res. Divest All Nickel Assets PEA (Fenelon) MAY 2016 MAY 2020 NOV 2022 JUNE 2023 — 10.5km? Property — >900 Km? land package — Retumed capital to shareholders — 7,000 tpd — NPV5% $721 million — 212,000 Au oz

  7. Slide 7: 2023 Year in Review

    2023 Year in Review ya Updated MRE for Detour-Fenelon Gold Trend Property (Fenelon and Martiniere) Completed positive PEA on Fenelon Gold Project Drilled ~49,000 m on the Detour- Fenelon Gold Trend Property / Discovered new greenfield gold mineralization at Grasset Gold and in the vicinity of Fenelo

  8. Slide 8: 2024 Program

    2024 Program Advance Martiniere and Fenelon Toward Combined PEA for 2026 Test regional greenfields exploration targets for discovery 2024 Work Program | Drilling (m Budget (M) Martiniere - resource and exploration drilling (includes $900,000 of technical and environmental studies) 13,000 $8.9 Fenelo

  9. Slide 9: District Scale - Detour-Fenelon Gold Trend

    District Scale - Detour-Fenelon Gold Trend (warerioce Multi-Million Ounce Gold Resources MULTI-MILLION OUNCE DEPOSIT Detour Lake mine (Agnico Eagle Mines) Canada’s largest gold mine 2023 Production 677,446 oz gold _ me: a Sane a oe 3 % POTENTIAL Wallbridge 2023 Mineral “ Detour East Ss “ ) anemic e

  10. Slide 10: ESG

    ESG Q@Ywaterioce Continual Improvement - Local sourcing from Abitibi to every extent possible J - Prioritizing EHS system evolution - Local hiring from Abitibi and surrounding First Nation AUN - Health, Safety, Environmental and Community Policies communities in place Supporting business startup Hea

  11. Slide 11: Environment, Permitting

    Environment, Permitting W\ Over 130 engagement activities with stakeholders Regular meetings with First Nation communities of Washaw Sibi, Waskaganish and Abitibiwinni (Pikogan) Pre-development agreement in place with Cree communities of Washaw Sibi and Waskaganish About 18% of workforce from First

  12. Slide 12: Supportive Shareholders

    Supportive Shareholders Q@Ywaterioce Share Structure - As of August 8, 2024 Shareholder Distribution 52-Week Trading Range $0.06—$0.16 = Agnico Eagle Shares Outstanding - Basic nore? ® Eric Sprott one ® William Day fa Construction Shares Outstanding - Fully-diluted** oe ® Retail & Other ® Management

  13. Slide 13: Positive PEA at Fenelon

    Positive PEA at Fenelon Q@Ywaterioce A Great Starting Point ANNUAL GOLD ANNUAL FREE INITIAL CAPITAL? SUSTAINING CAPITAL? PRODUCTION : CASHFLOW ** H H 212,000 $157 Ounces : Million TOTAL CASH COSTS *** : AISC *** AFTER-TAX NPV 594 : AFTER-TAX INTERNAL _ RATE OF RETURN US$/oz | US$/oz Million 1 8 % 1

  14. Slide 14: Fenelon PEA Approach

    Fenelon PEA Approach Q@Ywaterioce First Principles Approach, Realistic Costs Longitudinal section looking North PEA Approach = First principles: new project starting with a clean slate = Stope optimization: Iterative process to develop a large UG operation based on January 2023 MRE, rock mechanics a

  15. Slide 15: Efficient Capital Allocation

    Fenelon PEA Q@Ywaterioce Efficient Capital Allocation Initial Capital Expenditures Sustaining Capital Expenditures Mill 220 Production Shaft 143 Paste Plant 46 Mining Equipment 140 Tailings and Water Treatment 36 Development 158 Capitalized Operating (Pre-Production) 99 Tailings & Water Treatment 63

  16. Slide 16: PEA Sensitivity Analysis

    PEA Sensitivity Analysis @ywatierince Double-Digit IRR Across Gold Price Scenarios Gold Price (US $/oz) | XK NPV ($M) IRR (%) Payback Years $1,600 1.30 14 6.2 $1,750 1.30 721 18 54 $1,900 1.30 923 21 4.6 $1,950 1.34 1070 24 4.2 NPV Sensitivity - Operating and Capital Costs Base Case -10% 823 Base Ca

  17. Slide 17: Detour-Fenelon Gold Trend

    Detour-Fenelon Gold Trend (Qwarerioce Under-explored Greenstone Belt Hosting Canada's Largest Producing Gold Mine Martiniere Gold Detour Lake Mine 2023 Mineral Resource Estimate Fenelon Gold AEM, Dec 31, 2023 0.68 Moz Au Indicated 2023 Mineral Resource Estimate 4 , 0.63 Moz Au Inferred 2.37 Moz Au I

  18. Slide 18: Fenelon Gold Project

    Fenelon Gold Project Quality Of Gold Ounces [azar | e 2023 MRE se Vertical Section looking North = Predominately underground resource = 58% of resource in Indicated category 2024 Plans = Resource delineation and infill drilling to Mineral Resources upgrade and grow resources beyond the current 2023

  19. Slide 19: Martiniere Gold Project map

    POWERED BY VRIFY Greenstone Belt Timmins 75 150 km [Martiniere|Gold|Project) Matagami =e Northern Abitibi“ 4~ QUEBEC Chibougamau, LEGEND Abitibi = Gold Deposits @ Towns Wallbridge Claim Boundary

  20. Slide 20: Martiniere Gold

    Martiniere Gold 2023 Mineral Resource Estimate 0.68 Moz Au Indicated 0.63 Moz Au Inferred Casault Detour East Fenelon Gold 2023 Mineral Resource Estimate 2.37 Moz Au Indicated 1.72 Moz Au Inferred - Beschefer Grasset Gold POWERED BY VRIFY

  21. Slide 21: Fenelon Project Camp Site

    Harri ces Fenelon Project Camp Site POWERED BY VRIFY Grasset

  22. Slide 22: Fenelon site layout

    POWERED BY VRIFY Tailings Management Facility Waste Pile Truck Shop & Warehouse Processing Plant Gabbro Pit .

  23. Slide 23: Gabbro

    Gabbro POWERED BY VRIFY

  24. Slide 24: Planned Development & Stopes

    Planned Development & Stopes All Resource Drilling >5.0 Au g/t X POWERED BY av VRIFY / me

  25. Slide 25: POWERED BY

    POWERED BY

  26. Slide 26: Drilling Au g/t

    POWERED BY VRIFY Reaper Area 51 Gabbro Drilling Au g/t |) 050-150 @ 150-300 B 300-500 " 8,00-10.00 e >10.00

  27. Slide 27: Martiniere Gold

    Martiniere Gold 2023 Mineral Resource Estimate 0.68 Moz Au Indicated 0.63 Moz Au Inferred Casault Detour East Fenelon Gold 2023 Mineral Resource Estimate 2.37 Moz Au Indicated 1.72 Moz Au Inferred Beschefer Grasset Gold

  28. Slide 28: Fenelon Project vs Other Abitibi Gold Deposits

    Fenelon Project vs Other Abitibi Gold Deposits Q@ywatierince Gold Ounces Per Vertical Metre 1000 2000 3000 4000 5000 6000 7000 o _—_ ————J e SSS OP Ounces/Vert.m —_—— Fd ———t HH UG Ounces/Vertm _——Es _—_—_——— Se ere SES ($= | Avg. 5,200 ounces/vert. m ——————— Ses Se — Ean SSS Avg. 4,000 ounces/vert.

  29. Slide 29: Access To Infrastructure

    Fenelon Gold PEA Access To Infrastructure Electric Line 120 Kv (25.3km) TSX: WM OTCQB: WLBMF

  30. Slide 30: Fenelon Project Comparables

    Fenelon Project Comparables Similar Abitibi Gold Mining Operations WALLBRIDGE FENELON Company Stage Agnico Eagle Mines Production/2008 Depth (metres) 800-1,500 Mineral Resource Estimate preceding construction decision iid las aac Reserves & Resources (YE 2023) (oz Au) 2P @ 998,000 oz wr Production H

  31. Slide 31: Martiniere Gold Project

    Martiniere Gold Project @ywatierince Advancing Our Second Million-Ounce Gold Deposit - 200 t 0 -200 -400 4 Main Open [- ~400 Gold Trends ° 250m Snaeyis 2028 2023 MRE = Since the acquisition, expanded known resources by 16% in the Indicated and 1,100% in the inferred category nenivecasrwomy (SSN Sal

  32. Slide 32: Martiniere Gold

    Martiniere Gold 2023 Mineral Resource Estimate 0.68 Moz Au Indicated 0.63 Moz Au Inferred Casault Detour East Fenelon Gold 2023 Mineral Resource Estimate 2.37 Moz Au Indicated 1.72 Moz Au Inferred Beschefer Grasset Gold

  33. Slide 33: Martiniere drill intercepts

    unzao208 12.27 g/t Au over 5.60m MR-22-020 4.75 gt Au over 5.50m MR-23-052 10.73 g/t Au over 3.00m POWERED BY VRIFY \ woe Ses ery MR-23-042 1.63 g/t Au over 19.35m MR-22-036 4,07 git Au over 24.10m MR-23-041 5.15 gjt Au over 4.00m.

  34. Slide 34: Drilling Au g/t

    Drilling Au g/t © 050-150 ® 150-300 @ 300-500 _ §.00-10.00 | -10.00 POWERED BY VRIFY

  35. Slide 35: A Platform for Growth in the Abitibi

    Wallbridge A Platform for Growth in the Abitibi Advancing multi-million-ounce gold discoveries on a district- scale land package Fenelon: a Hub to Unlock Value for Shareholders Investigating synergies between Fenelon and Martiniere plus strong greenfields discovery potential Growing Gold Resources F

  36. Slide 36: Contact Information

    = Saw TSX WM ia OTCQX: WLEME™ Contact Brian Penny, CEO Victoria Vargas, Capital Markets Advisor Information: E: bpenny@wallbridgemining.com E: vwwargas@wallbridgemining.com W @WallbridgewM @WallbridgeMining GD wallbridgemining.com

  37. Slide 37: Appendix

    Appendix Solid team in place for future growth along the Detour-Fenelon Gold Trend TSX: WM OTCQB: WLBMF

  38. Slide 38: Fenelon PEA

    Fenelon PEA Qywatterioce Average Annual Gold Production Of 212,000 Ounces Per Year Total Production of 2.6 Moz over 12-year mine life Production Profile 300 3.50 (Annual Ounces produced ==—""Grade “68 3.07 aay 04 3.00 250 285 _ : — sa x 2.55 : 267 2.38 22 2.50 ty 200 x ¢ 2.00 s 2 B 150 = 4 2 3 150 2

  39. Slide 39: Fenelon PEA

    Fenelon PEA Strong Free Cash Flow Generation Over 12-Year Mine Life Average annual after-tax cash flow of $157 million After-Tax Cash Flow ($Million) 196 161 For cautionary notes and definitions related to the 2023 PEA, please refer to page 2 of this presentation TSX: WM OTCQB: WLBMF 10 11 12 13 28

  40. Slide 40: Fenelon PEA Opportunities

    Fenelon PEA Opportunities Open In All Directions And Still Growing Additional infill drilling at Fenelon Potential Benefits t Increase the resource grade and ounces and convert more inferred to measured and indicated categories Additional exploration drilling at Fenelon Increase the mineral resource

  41. Slide 41: Fenelon First Hole Resource Exploration Advances

    Fenelon First H Resource VE If 20 HE ne 4 Exploration Advances Qwaterioce Program Highlights A N = 9 holes totaling 2,400 metres targeting Area 51 Enterprise, Contact and Tabasco zones Q = Multiple high-grade gold intercepts along Area 51 Enterprize zone at depths ranging from 40 to 150 TT metres be

  42. Slide 42: 2023 Exploration Advances

    2023 Exploration Advances Fenelon Gold aegsalt Cross Section &-A° su (75 m corridor) Looking 263° TSX: WM OTCQB: WLBMF

  43. Slide 43: 2023 Exploration Advances

    2023 Exploration Advances Fenelon Gold aegsalt Cross Section &-A° su (75 m corridor) Looking 263° TSX: WM OTCQB: WLBMF

  44. Slide 44: Martiniere Q1-Q2 2024 Exploration Advances

    Martiniere Q1-Q2 2024 Exploration Advances Qwaterioce Martiniere Technical Studies | Metallurgical & Geotechnical Drilling Martiniere Gold Project A # —— - that , Drilling: Plan View N © 2A g/Au Assay Highlights IMivenAuZation Vite Gott TSX: WM OTCQB: WLBMF Program Highlights = 27 holes totaling 8,4

  45. Slide 45: 2023 Exploration Drilling

    2023 Exploration Drilling Qwaterioce Martiniere Step-out Drilling Martiniere Gold Project 2023 Airborne Total Magnetic Intensity (TMI) Martiniere Gold System renee //7 mmf eytl NY —— — _\ Qwarierince TSX: WM OTCQB: WLBMF 34

  46. Slide 46: Significant Untested Discovery Potential

    Significant Untested Discovery Potential he Abitibi's least explo Detour - Fenelon Gold Trend: One of A N Felsic intrusive Intermediate intrusive ji§ Timiskaming-like conglomerate I cab0ro Diabase Interpreted Structures 2H Denes Duct Fault 22 Minaatation Sunday Lake Graben ¢xet— NE & NW Play Faults

  47. Slide 47: Abitibi Greenstone Belt

    Abitibi Greenstone Belt (VW\wau Discovered: 1994-1997 +5M ozAu known endowment on Quebec side (Wallbridge land package); 40 Moz at Detour Lake Very few outcrops on Zone Discovered: 1906-1911 +100M oz Au known endowment Outcropping gold mineralization Northwestern Abitibi covered with deep overburden

  48. Slide 48: Why Underground Bulk Mining?

    Why Underground Bulk Mining? Main Cabbie . . Tabasco-Cayenne Zones oa. —s =x Y ' Wren Area 51 Zones nae 044 Tabasco-Cayenne Zones Plan view, 600 m depth — Excellent along strike and down-dip continuity along diorite contact — Multiple zones within a mineralized corridor tens of metres in width, cont

  49. Slide 49: 2023 Mineral Resource Update

    2023 Mineral Resource Update Q@watierince Fenelon Gold Project - Bulk Mineable Looking West Looking North Om Fenelon Underground Alamos Gold’s Young Davidson 21.67M tonnes @3.40 g/t - 2.37M Oz Indicated* 18.48M tonnes@ 2.89 g/t -1.72M Oz Inferred* Cut-off grade calculated at 1.5 g/t Resource to ~1,0

  50. Slide 50: Fenelon PEA

    Fenelon PEA Qwaterioce Metallurgy & Processing, A Simple Flowsheet Metallurgy = Metallurgical Testing: Testing representative Tabasco- Cayenne & Area 51 material = Gravity Gold Recoveries Pre-Leach Thickenor Tailings Thickener up to 66.5% for Tabasco/Cayenne up to 84.3% for Area 51 Useching and ‘Ads

  51. Slide 51: Our Team

    Our Team Qwaterioce Diverse and Complementary Backgrounds Board Gouee) ‘Chairman ie] Management BRIAN PENNY MARY MONTGOMERY MARK PETERSEN ‘SEAN STOKES FRANCOIS CHABOT (CAROL DUFFIELD VICTORIA VARGAS: ‘CEO CFO. Geological Consultant Corporate Secretary Technical Studies Director HR Capital Markets Ad

  52. Slide 52: Fenelon PEA-Study Team

    Fenelon PEA-Study Team An Assembly of Expertise Consulti InnovExplo Inc. Area of Responsi Mineral Resources Qwaterioce Qualified Perso Carl Pelletier, P.,Geo., Vincent Nadeau-Benoit, P.Geo., Simon Boudreau, P.Eng., Marc R, Beauvais, P.Eng. InnovExplo Inc. Mine design and scheduling, mine capital, an

  53. Slide 53: 2023 Mineral Resource Estimate

    2023 Mineral Resource Estimate Qwaterioce Gold Price Sensitivity Analysis - Fenelon Fenelon (All Zones) fea re Cut-off Grade Tonnes (t) Grade Troy Ounces Cut-off Grade ornmee tt Grade Troy Ounces | (US$/o2)_ | (etAw | | (e/t Au) | (oz Au) __ (e/tAu) | | (e/tAu) | oz Au) | | Indicated Resources | 1,9

  54. Slide 54: 2023 Mineral Resource Estimate

    2023 Mineral Resource Estimate Gold Price Sensitivity Analysis - Martiniere MARTINIERE (All Zones) a Indicated Resources 1,920 InPit> 0.45 11,912,200 1.87 715,400 errs ___ 1,803,200 3.21 134,600 1,760 In Pit> 0.50 9,741,100 1.99 622,100 cisase. ___1,878,900 3.41 181,100 1,600 InPit> 0.55 7,757,700 2

  55. Slide 55: Our People

    Our People Our #1 Asset 46 TSX: WM OTCQB: WLBMF

  56. Slide 56: Tailings Management

    Tailings Management Facility Waste Pile Emergency Pond e. i Truck Shop & Warehouse Processing Plant SB Water Management = oes . + al SS. a Gabbro Pit &, Pond AJ POWERED BY VRIFY

  57. Slide 57: Truck Shop and Warehouse

    Truck Shop and Processing Plant Warehouse Administration Conveyor ez Portal Mim ~ | Gabbro Pit

  58. Slide 58: Jeremie Diorite

    Jeremie Diorite Main Gabbro Jeremie Fault * Drilling Au g/t 050-150 @ 150-200 @ 300-500 5.00-10.00 | -10.00 POWERED BY VRIFY

  59. Slide 59: Drilling Au g/t

    Drilling Au g/t © 050-150 @ 150-300 300-500 _ 8.00-10.00 |} >10.00 POWERED BY VRIFY

  60. Slide 60: POWERED BY

    POWERED BY VRIFY TO

  61. Slide 61: Fenelon 2024 drill intercepts

    FA-24-575" 2.16 gjt Au over 4.6m FA-24-578 29.48 g/t Au over 1.4m FA-24-575 1.9 g/t Au over 4.1m FA-24-580 FAL24-579 3.39 gft Au over 2.5m 412.09 g/t Au over 0.51 Spee |i 37.95 gjt Au ov z = o . s rr, z 7 1.67 g/t Au over 71 FA-24-578 19.6 g/t Au over 0.6m FA-24-578 7.75 gjt Au over 2.4m ae 11.52 g/

  62. Slide 62: Fenelon 2024 drill intercepts

    FA-24-575: 2.15 g/t Au over 4.5m FA-24-578 ‘A-24-580 29.48 g/t Au-ver 1.4m 3.39 g/t Au over 2.5m FA-24-575 i 1.9 g/t Au over 4.1m. a8 : 37.95 gjt FA-24-578 1.67 g/t Au over 7.2m FA-24-578 19.6 g/t Au over 0.6m FA-24-578 7.75 git Au over 2.4m FA-24-578 11.52 g/t Au over 1.71919 POWERED BY VRIFY

  63. Slide 63: Fenelon 2024 drill intercepts

    POWERED BY VRIFY FA-24-575) 2.16 g/t Au over 4.6m FA-24-578 29.48 g/t Au over 1.4m FA-24-575: 1.9 gilt Au over 4.1m, FA-24-580 3.39 g/t Au over 2.5m FA-24-579 FA-24-578 37.95 gt A —s _-w FA-24-678— 1.67 g/t Au over 7.2m . FA-24-578) = at Au over 0.6m FA-24-578 7.75 gft Au over 2.4m D¥ FA-24-578~ ~ _

  64. Slide 64: Fenelon 2024 drill intercepts

    FA-24-575) 2.15 git Au over 4.51 ‘ /FA-24-578 | 29.48 git Au over 1.4m FA24-875 \ 1.9 gft Au over 4.1m /FA-24-579 /£h-24-580 / 12.09 ght Au over 0.594 3:38 at Au over 2.5m os Py FA-24-578. 37.95 g/t Au over 1.9m \ FA-24-679 12.26 git Au over 0.6m = FA-24-578 1.67 g/t Au over 7.2m FA-24-578~ 19.6 g/t

  65. Slide 65: UG Development & Stopes

    UG Development & Stopes X POWERED BY VRIFY

  66. Slide 66: All Drilling >5.00 g/t

    All Drilling >5.00 g/t X POWERED BY VRIFY

  67. Slide 67: POWERED BY

    POWERED BY VRIFY

  68. Slide 68: POWERED BY

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  69. Slide 69: Martiniere 2024 drill intercepts

    MR-24-075 5.23 glt Au over 3m MR-24-068 1.62 git Au over 24.3m eee L soa Ne 2.16 gjt Au over 21.1m Sy 7. jf yf & ove: 3.5m, * - ff Mp 7 4 SS ‘Au over MR-24-067 A. \ wa x ) MR-24-088A 2.92 gft Au over 4m 2.86 alt Au over 8.6m y i: 4-068 MR-24-086 \ US yt Au over 9m 3.14 gjt Au over 3.4m MR-24-077" 18

  70. Slide 70: POWERED BY

    POWERED BY VRIFY TO

  71. Slide 71: POWERED BY

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  72. Slide 72: Martiniere 2024 drill intercepts

    vR-28-075 y 5.23 ght Au over 3m —— 2.87 g/t Au Gver6:51i" AS —=—= MR=24-074. i) HEN " a - W 5 ¥ x bt 1 pa” _ Se, j MR-24-066: \ “= tA 1.97 g/t Au oun x 7 ~ j jij, 2 wr-24-067 j \ i N i “agar Au over 4m be » Ay = -iggonon \ 1" oe =~ Beegt a Yon MR-24-086 18.73 g/t 3.14 g/t Au over 3.4m *MR-24-070 MR-

  73. Slide 73: Martiniere 2024 drill intercepts

    MR-24- 5.32 g/t Au ove J MR-24-087 nae 2.58 g/t Au over 2.2m 7 v “~~ B= 38 wena?” : : ZA 2.49 g/t Au over. 3. 5m il: = a . t MR-24- yt 2.92 g/t Au over ie MR-24-084' 3.08 g/t Au over 2.1m MR-24-086 3.14 g/t Au over 3.4m POWERED BY 18.73 g/ VRIFY 44.

  74. Slide 74: Martiniere 2024 drill intercepts

    MR-24- 5.32 g/t Au ove J MR-24-087 nae 2.58 g/t Au over 2.2m 7 v “~~ B= 38 wena?” : : ZA 2.49 g/t Au over. 3. 5m il: = a . t MR-24- yt 2.92 g/t Au over ie MR-24-084' 3.08 g/t Au over 2.1m MR-24-086 3.14 g/t Au over 3.4m POWERED BY 18.73 g/ VRIFY 44.

  75. Slide 75: POWERED BY

    POWERED BY VRIFY

  76. Slide 76: Slide 76

Wallbridge Mining Company — Investor Presentation (September 2024) on 6ix