Brixton Metals Corporation · TSXV:BBB
Brixton Metals — Investor Presentation (July 2018)
37 slides from Brixton Metals's investor presentation, July 2018
Slide 1: Corporate Presentation: Advancing High Potential Gold & Silver Projects
CORPORATE PRESENTATION Advancing High Potential Gold & Silver Projects JULY 2018 Au Au Co Ag Co Ag Au Au Co BBB : TSX VENTURE 8BX1 : GR BXTMF :OTCMKTS 1 BXTMF : OTCMKTS
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT Information set forth in this presentation involves forward-looking statements, including but not limited to comments regarding timeline, predictions and projections. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-lo
Slide 3: Brixton's Strategy
BRIXTON’S STRATEGY Generate shareholder value through de-risking its projects to feasibility Focus on geology with district scale potential for both high-grade Au-Ag as underground and open pit deposits Make use of Artificial Intelligence and machine learning for new target generation to help speed
Slide 4: Cobalt
COBALT Strong demand & limited supply By 2030, the required cobalt is to triple Semi trucks will use 12.5 times more battery metals vs cars 1% Co ~= 50oz/t Ag "There isn't a better element than cobalt to make the stuff stable. So (while) you hear about designing out cobalt, this is not going to happ
Slide 5: Cobalt: Problem/Opportunity
COBALT: PROBLEM/OPPORTUNITY “The US and China have Cobalt produced globally as a by- identified cobalt as a 95% product of copper and nickel mining strategic metal and are stockpiling cobalt” Cobalt produced in the Democratic -USGS 2016 65% Republic of Congo (DRC) “The majority of the cobalt is head
Slide 6: Cobalt Supply Demand
COBALT SUPPLY DEMAND COBALT SUPPLY DEFICIT COBALT DEMAND FORECAST SUPPLY CRUNCH 6
Slide 7: Cobalt Uses
COBALT USES Cobalt is widely used in batteries and in electroplating Cobalt salts are used to impart blue and green colors in glass and ceramics Cobalt is used in alloys for aircraft engine parts and corrosion/wear resistant uses Radioactive 60Co is used in the treatment of cancer Cobalt is essentia
Slide 8: Why Invest in Silver?
WHY INVEST IN SILVER? Precious and industrial metal Gold-Silver ratio near its high Has a greater leverage to upside 8
Slide 9: Steep Gold-Silver Ratio
STEEP Gold‐Silver Ratio Current 1970-2017 Average 56 9
Slide 10: U.S. Debt vs. Gold
Gold Price (USD) Nae U.S b Gold > YMETALS J. De tvs. O $2,000 - $21 $1,800 + $19 $1,600 + This is the level the gold price pre $1,400 - would be if the price reverted : back to the debt correlation L C $15 rt) $1,200 + iw) L $13 o $1,000 + a pe SLIT. - $800 - Gold and debt had a postiive = monthly c
Slide 11: Time to Buy
) ABR vevx10N TIME to BUY GSCI/S&P500 ratio: equities expensive, commodities cheap? 10 - Gulf Crisis 1990 9 4 i GFC 2008 Oil Crisis 84 1973/1974 @ \ N Median: 4.1 44 t \] v / 1 @ SA incrementum v -) Dot.com Bubble o4 T T T T T T T T T 7 1 1971 1975 1979 1983 1988 1992 1996 2000 2004 2008 2013 2017 G
Slide 12: Why Invest in Brixton?
WHY INVEST IN BRIXTON? Brixton will focus on its Cobalt and Hog Heaven projects for 2018 Cobalt Camp: Brownfield silver-cobalt exploration project Langis: 10.4 Moz at 25 opt Ag Past Production plus 358,340 lbs of cobalt Hudson Bay: 6.4 Moz at 123 opt Ag Past Production plus 185,570 lbs of cobalt
Slide 13: Management & Directors
MANAGEMENT & DIRECTORS A discovery driven team with a proven track record of building companies GARY THOMPSON P.Geo., CHAIRMAN & CEO IAN BALL B.Com, DIRECTOR • Co-Founder of Brixton Metals Corporation • CEO of Abitibi Royalties Inc. • 25 years in exploration for precious/base metals, • Previously Pr
Slide 14: Share Structure
SHARE STRUCTURE TSX Venture Exchange : BBB BBB Ownership Share price CAD$ $ 0.23 Gold 2000 9% Shares Outstanding basic 64M Management 8% Options 6M Evanachan Rob McEwen 6% Warrants 15M Pan American Silver 4% Shares Outstanding Fully Diluted 79M US Global 4% Market Capitalization $ 14 M Hecla Mining
Slide 15: Project Location
PROJECT LOCATION Atlin Au Thorn Au-Ag Langis Ag-Co Hog Heaven Ag-Au-Cu Mexico 15
Slide 16: Cobalt Camp Projects
COBALT CAMP PROJECTS Northeast Ontario, Canada LANGIS MINE Cobalt Camp Past production: 10.4 Moz Ag 358,340 lbs of Cobalt cobalt HUDSON BAY MINE Past production: 6.4 Moz Ag at 123 opt Ag The Camp Historically has 185,570 lbs of cobalt produced over 500 Moz of Silver and 50 Mlbs of Cobalt 16
Slide 17: Cobalt Project Summary
COBALT PROJECT SUMMARY Two past producing, high-grade silver mines in the Cobalt Camp, Ontario, Canada A brownfields exploration and development opportunity for silver-cobalt. LANGIS MINE past production (1908-1989) of 10.4 Moz Ag at 25 opt and 358,340 lbs of cobalt (Closed in 1990 due to a silver p
Slide 18: Langis Geology
LANGIS GEOLOGY High‐grade silver-cobalt intersections have been Syenite Nippising recovered from diabase- Diabase Sill metaseds-volcanic rock Shaft#7 dump sample: Silver bearing veins are 182,065 g/t Ag (5,853 oz/t ) moderate-steeply- and 16% Cobalt dipping and are categorized as single- vein or mul
Slide 19: Langis Cobalt Drilling
LANGIS COBALT DRILLING LM18-20: 70.6m of 7 g/t Ag, 0.01% Co 0.10% Ni, incl. 5m of 75.24 g/t Ag LM18-23: 3.55% Co, 0.1% Ni LM18-16: 7.8m of 2787 g/t Ag, 0.27% Co incl.1.00m of 1.98% Co, 15,436 g/t Ag, 0.47% Ni 19
Slide 20: Langis Section A-A'
LANGIS SECTION A-A’ LM18-16: 7.8m of 2787 g/t Ag, 0.27% Co incl. 1.00m of 1.98% Co, 15,436 g/t Ag, 0.47% Ni 20
Slide 21: Langis Section C-C'
LANGIS SECTION C-C’ LM18-23: LM18-20: 70.6m of 7 g/t Ag, 3.55% Co, 0.01% Co 0.10% Ni, incl. 5m 0.1% Ni of 75.24 g/t Ag 21
Slide 22: Hudson Bay Drilling
HUDSON BAY Drilling 2018 Drill Collars 22
Slide 23: Hudson Bay Select Drill Results
HUDSON BAY SELECT DRILL RESULTS Hole ID From (m) To (m) Interval Co (%) Ag (g/t) Ni (%) Cu (%) CoEq (%) HB18‐01 52.20 53.00 0.80 1.00 11.10 0.72 0.95 1.25 HB18‐03 53.17 55.00 1.83 0.28 8.30 0.15 0.18 0.34 Hole ID From (m) To (m) Interval Co % Ag g/t Cu % CoEq % HB‐18‐04 46.00 49.00 3.00 0.22 17.30 0
Slide 24: Hudson Bay - Drilling
HUDSON BAY ‐ DRILLING Cobalt rich Silver rich 24
Slide 25: Hudson Bay
HUDSON BAY VIEW TO NORTHWEST HB‐18‐01 HB‐18‐21B 0.8 m of 1.00% Co, 2.0 m of 0.97% Co, 40.65 0.72% Ni, 0.95% Cu g/t Ag, 0.22% Cu historic mine workings Co-Ni-Cu-Bi +/- HB‐18‐23 Ag Vein 2.0 m of 1.38% Co, 63.00 g/t Ag, 0.16% Cu HB‐18‐17 2.0m of 0.55% Co, 2.38% Cu, 193 g/t Ag, 0.20% Ni 50 m 25
Slide 26: Hudson Bay Plan View
HUDSON BAY PLAN VIEW HB‐18‐01 0.8 m of 1.00% Co, 0.72% Ni, 0.95% Cu HB‐18‐23 2.0 m of 1.38% Co, 63.00 g/t Ag, 0.16% Cu HB‐18‐17 2.0m of 0.55% Co, 2.38% Cu, 193 g/t Ag, 0.20% Ni HB‐18‐21B Co-Ni-Cu 2.0 m of 0.97% Co, 40.65 + Ag Vein g/t Ag, 0.22% Cu historic mine workings 50 m 26
Slide 27: Langis-Hudson Bay Next Steps
LANGIS‐HUDSON BAY Next Steps Total drilled 11,510m and 7,000m to be drilled in Q3-2018 Q3-Q4 2018 Drill for extension of the previously mined veins at Langis and Hudson Bay Define a mineralized zone that could establish a maiden NI-43- 101 resource estimate 27
Slide 28: Hog Heaven Ag-Au-Cu Project
HOG HEAVEN Ag‐Au‐Cu Project Montana, USA Year-round road access 10 sections of private Lands Non BLM or Forest Service Permitted 28
Slide 29: Hog Heaven Ag-Au-Cu Project
HOG HEAVEN Ag‐Au‐Cu Project The Hog Heaven property is located in north-western Montana, USA and is wholly owned by Brixton subject to a Hog Heaven 3% NSR to the vendors USA Hog Heaven is a high-sulphidation Ag-Au-Cu-Pb-Zn epithermal vein-breccia deposit with high-grade underground targets A Feasibi
Slide 30: Hog Heaven Geology
HOG HEAVEN GEOLOGY Soil Geochem Targets Geophysical Targets NEW Targets Known Mineralization Mine or Prospect Significant upside exists for extension and new zones to be discovered 30 30
Slide 31: Hog Heaven AgEq Grade Shells
HOG HEAVEN AGEQ GRADE SHELLS Plan View Map AgEq g/t Silver Equivalent values (AgEq) were 8040 calculated using the formula AgEq = $1,200 x Au g/t ÷ 31.104 + $17 x Ag g/t ÷ 31.104 + $3 x % Cu ÷ 100 x 2204.63 + $1 x % Pb ÷ 100 x 2204.63 + $1.20 x % Zn ÷ 100 x 2204.63/$17 x 31.104. This method assumes
Slide 32: Hog Heaven Main Mine Long Section Silver
HOG HEAVEN-MAIN MINE LONG SECTION SILVER ONLY VIEW TO EAST 23.01m of 599 g/t Ag 18.29m of 633 g/t Ag 24.38 m of 438 g/t Ag Incl. 3.05m of 3075 g/t Ag Incl. 3.05m of 2571 g/t Ag A’ 7029 Incl. 3.05m of 987 g/t Ag 42.67m of 356 g/t Ag Incl. 7.62m of 928 g/t Ag A 12.19m of 1089 15.24m of 230 g/t Ag g/t
Slide 33: Hog Heaven Main Mine Long Section Silver Equivalent
HOG HEAVEN-MAIN MINE LONG SECTION SILVER EQUIVALENT* VIEW TO EAST 18.29m of 695 g/t AgEq 23.01m of 687 g/t AgEq Incl. 3.05m of 2737 g/t AgEq 100.58 m of 266 g/t AgEq Incl. 12.19m of 745 g/t AgEq Incl. 3.05m of 3347 g/t AgEq A’ 8040 42.67m of 375 g/t AgEq** Incl. 7.62m of 970 g/t AgEq A 18.19m of 162
Slide 34: Hog Heaven Historical Drilling
HOG HEAVEN HISTORICAL DRILLING Hole ID From (m) To (m) Interval (m) Ag g/t AgEq g/t Ag GxT AgEq GxT FD‐75‐2 204 244 40 155 336 6154 13313 722 holes: 68% of FD‐75‐4 163 205 42 96 275 4022 11589 intervals were not FD‐75‐5 69 78 9 95 253 866 2312 analyzed for copper FD‐75‐6 81 93 12 111 165 1319 1962 a
Slide 35: Main Mine Exploration Upside
MAIN MINE EXPLORATION UPSIDE HOG HEAVEN PROJECT targets for expansion and infill 35
Slide 36: Hog Heaven Next Steps
HOG HEAVEN Next Steps Digitize the historical data into 3D models 2017 2017 Geophysical surveys, relogging and resampling of the historical drilling 2018 2018 Drilling with a focus on high grade zones as confirmation, infill and extension of know mineralization in 2018 2018-19 MILESTONE: Define a ma
Slide 37: Contact Information
Contact Information BRIXTON METALS CORPORATION (TSX-V: BBB) 1-604-630-9707 email: info@brixtonmetals.com www.brixtonmetals.com Suite 551 – 409 Granville Street, Vancouver, BC, V6C 1T2 Canada