Usha Resources Ltd · TSXV:USHA
Usha Resources — Investor Presentation (April 2023)
27 slides from Usha Resources's investor presentation, April 2023
Slide 1: Investor Presentation Q1 2023
Canadian junior exploration company focused on exploring and advancing early stage high-grade battery and precious metal projects across North America. INVESTOR PRESENTATION Q1 2023 TSX.V: USHA | OTCQB: USHAF | FSE: JO0
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation and the information contained herein (the “Presentation”) has been prepared by Usha Resources Ltd. (“Usha” or the “Company”) for the use of prospective investors for the purpose of evaluating a potential investment in securities of Usha. This Presentation
Slide 3: Company Strengths
Company Strengths Fully Funded, Early mover opportunity Tight Capital Structure USHA trades at a ~$15M market cap when peers trade at 3X+ prior to the 2,700 metre drilling program ~46 million shares outstanding, 70%+ of which permitted at the Jackpot Lake lithium brine project. are held by insiders,
Slide 4: Capital Structure and Comparables
Capital Structure and Comparables SHARE PRICE PERFORMANCE (1-YEAR) High: $0.42 Low: $0.175 Common Shares Issued 47,102,394 Stock Options 3,282,394 3,327,000 (@$0.095) 1,200,000 (@$0.13) 2,665,270 (@$0.20) Financings (Post-IPO) 487,000 (@$0.25) 9,636,338 (@$0.30) 9,230,769 (@$0.325) Warrants Issued 1
Slide 5: Management Team
Management Team Deepak Varshney Khalid Naeem Andrew Tims P.Geo. - CEO & Director CPA, CGA – CFO P.Geo. - Qualified Professional ▶ Over 15 years of experience in the capital markets ▶ Canadian Chartered Professional Accountant ▶ Exploration geologist with over 30 years of and mineral exploration and
Slide 6: Exceptional Assets
Exceptional Assets Multiple past/present producing Secure assets with significant High quality targets in the top mining mines on or near properties in upside testing new targets and jurisdictions in the world per the Fraser areas with a strong history of extensions of historic mines. Institute 2020
Slide 7: Lithium Pricing Overview
GREEN HILLS Lithium Pricing Overview ▶ Record prices for lithium carbonate into 2022 ▶ Pricing reflects surging demand and limited supplies ▶ Supply constraints are due to delays at projects, lack of new production ▶ Significant security issue in North America where only one producing lithium mine e
Slide 8: Lithium Supply and Demand
GREEN HILLS Lithium Supply and Demand TSX.V: USHA | OTCQB: USHAF | FSE: JO0 8
Slide 9: Lithium Production in North America
GREEN HILLS Lithium Production in North America ▶ Albemarle’s Silver Peak Mine is the only producing lithium mine in North America ▶ Lithium brine production using evaporation ponds ▶ Production began in 1966; Initial grade of 360 ppm ▶ Current inferred resource grade is 63 MT at 121 ppm; cut-off of
Slide 10: Jackpot Lake – Overview
GREEN HILLS Jackpot Lake – Overview ▶ Located 35 km northeast of Las Vegas, Nevada with excellent access to infrastructure. Highway 15 is located adjacent to the east; solar plants are located adjacent to the north and south. ▶ Project comprises 8,714 acres (~35.2 km2); Usha owns all strategic land
Slide 11: Jackpot Lake – Target Summary
Jackpot Lake – Target Summary ▶ The project target is a strong conductive geophysical anomaly that was identified through gravity and controlled source audio magnetotellurics/magnetotellurics (CSAMT/MT) surveys. ▶ The target is shallow, predominantly above bedrock depths of 625 meters, and is approx
Slide 12: Jackpot Lake – Geologic Summary
Jackpot Lake – Geologic Summary ▶ Usha is presently drilling the first 2 of 6 permitted drill-holes with the goal of delivering a maiden 43-101 resource estimate. ▶ The findings to-date provide support for a similar geologic setting to that of Clayton Valley, hosting Albemarle’s Silver Peak Nevada L
Slide 13: Jackpot Lake – Drilling Summary
Jackpot Lake – Drilling Summary ▶ The general stratigraphy identified through drilling consists of lacustrine sediments (clays, silts) overlaying a zone of sand and conglomerate. ▶ Evaporitic crystallization, indicative of a brine- forming environment, has been identified throughout the lacustrine s
Slide 14: Jackpot Lake – Development Strategy
Jackpot Lake – Development Strategy The Company’s plan over the coming months is to drill a combination of shallow and deep holes with the goal of completing a 43-101 resource estimate by Q2 of 2023. Phase 1 Phase 2 Phase X 2022 - 2023 2023 - 2024 2024+ Complete maiden 43-101 Complete additional dri
Slide 15: White Willow – Overview
GREEN HILLS White Willow – Overview ▶ Located 170 km west of Thunder Bay, Ontario with excellent access to infrastructure. Highway 11 is located adjacent to the north; main power transmission line runs through the property. ▶ Project comprises 15,510 hectares (~155.1 km2). ▶ Southwest Ontario is a g
Slide 16: White Willow – Geologic Summary
White Willow – Geologic Summary ▶ The property is underexplored with over 75 outcropping white pegmatites identified in limited exploration, almost all of which have not been sampled. ▶ Indicator minerals such as red and orange garnets, green apatite and beryl have been noted over 8 kilometres in st
Slide 17: White Willow – Geologic Summary
White Willow – Geologic Summary ▶ The Property is confirmed to host a fertile lithium- cesium-tantalum (“LCT”) system with the presence of two highly evolved LCT-pegmatite dikes. ▶ Sampling confirms the presence of very anomalous lithium (>300 ppm with several samples >0.40% Li2O), cesium (>200 ppm)
Slide 18: White Willow – Exploration Strategy
White Willow – Exploration Strategy Exploration work will involve a combination of prospecting, mapping and rock sampling, combined with soil sampling and geophysical surveying. Exploration is slated to begin in April 2023. Exploration will include: ▶ Prospecting, mapping, rock sampling ▶ Geophysica
Slide 19: Nicobat – Spinout Summary
Nicobat – Spinout Summary Nicobat is a nickel-copper-cobalt project Historic work includes over 15,000 in northwest Ontario, Canada. metres of drilling and metallurgical studies on numerous bulk samples The project will be spun-out into a between 1952 and 1972. separate public vehicle, Formation Met
Slide 20: Nicobat – Geology and Exploration Targets
Nicobat – Geology and Exploration Targets The magnetic signature of the Dobie Intrusion highlights the mineralized magnetic unit. The small western margin of the Dobie Intrusion has the form of a funnel-like embayment with a possible feeder underneath. There are 2 primary exploration targets at Nico
Slide 21: Nicobat – Recent Work & Results
Nicobat – Recent Work & Results 2015 2020 2023 Crystal Lake Mining completed a 1,860 Usha completed a 1,439 metre Future work at Nicobat will focus metre 10-hole drilling program that 7-hole drilling program that on focus on making the historic confirmed high-grade nickel-copper intersected a potent
Slide 22: Lost Basin – Overview
Lost Basin – Overview Lost Basin is a gold-copper project comprised of 133 mining claims in Mojave County in Arizona, USA. ▶ Located in a top-class mining friendly jurisdiction with straight-forward legislation ▶ Able to operate year-round; good road access ▶ Limited shallow drilling indicates signi
Slide 23: Lost Basin – Historical Work
Lost Basin – Historical Work Multiple historic gold mines dating back to the 1870s with limited material removed or exploration. Visible gold has been found at numerous showings on the Property including a non- compliant sample from the area of the “Detector Vein” that assayed 567 to 3,118 g/t. Hist
Slide 24: Lost Basin – Exploration Targets
Lost Basin – Exploration Targets Historic non-compliant percussion drilling has focused on the Copper Blowout area. We have identified a previously unrecognized zone of potentially economic gold mineralization of comparable grade to the Fort Knox Mine in Alaska (0.83 g/t Au) and the Hammond Reef Dep
Slide 25: Lost Basin – Recent Results and Next Steps
Lost Basin – Recent Results and Next Steps 2021 - 2022 2023 Usha completed an initial Phase 1 The sampling program A program of core drilling, soil program that consisted of: identified: sampling, trenching, geologic mapping, and rock sampling ▶ An airborne geophysics survey ▶ Chip sampling from Mal
Slide 26: Summary
Summary WELL FUNDED WELL STRUCTURED WELL MANAGED ~$3.4M working capital provides ~46 million shares outstanding, Collectively, management has over ample runway to execute programs with 70%+ of which are held by 150 years of experience in the capital at each of the company’s projects. insiders, manag
Slide 27: Contact Us
CONTACT US Deepak Varshney, P.Geo. Tyler Muir CEO Investor Relations dvarshney@usharesources.com tmuir@usharesources.com 1 (888) 772-2452 Follow our Journey! TSX.V: USHA | OTCQB: USHAF | FSE: JO0 usharesources.com