Metallic Minerals Corp. · TSXV:MMG
Metallic Minerals — Investor Presentation (November 2020)
46 slides from Metallic Minerals's investor presentation, November 2020
Slide 1: Focused on Silver and Gold in the High-Grade Keno Hill and La Plata Mining Districts
TSX.V: MMG | US OTC: MMNGF November 2020 Focused on Silver and Gold in the High-Grade Keno Hill and La Plata Mining Districts
Slide 2: Forward Looking Statements and Technical Disclosure
TSX-V: MMG OTC: MMNGF FSE: 9MM1 FORWARD LOOKING STATEMENTS AND TECHNICAL DISCLOSURE Forward-Looking Information This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Metallic Minerals Inc. (the “Company” or “Metallic Minerals”) with respe
Slide 3: The Metallic Group of Companies
TSX-V: MMG OTC: MMNGF FSE: 9MM1 THE METALLIC GROUP OF COMPANIES A Collaboration of Leading, Independent Exploration Companies The Metallic Group Strategy and Approach to Business Highly Identify and Make acquisitions Focus on under- Apply our Create long term experienced acquire district- during the
Slide 4: Track Record of Value Creation
TRACK RECORD OF VALUE CREATION Past Projects with Metallic Group Team Strategic Acquisition, Resource Expansion, (NovaGold: NG, Trilogy Metals: TMQ, Wellgreen Platinum: WG) Project Advancement and De-risking Original Ownership Resource Market Cap / Project / Company Acquired Price Cycle Current Stag
Slide 5: Metallic Minerals Fundamentals and Strategy
TSX-V: MMG OTC: MMNGF FSE: 9MM1 METALLIC MINERALS FUNDAMENTALS AND STRATEGY A Leading Silver and Gold Focused Exploration Company Highly experienced Keno Hill is one of the world’s Recent major discoveries in a Consolidated 166 km2 land management team highest-grade silver districts brownfields dist
Slide 6: Metallic Minerals Corp.
TSX-V: MMG OTC: MMNGF FSE: 9MM1 METALLIC MINERALS CORP. Creating Value Through Discovery and Resource Advancement Keno Silver Project, Yukon (100%-owned 166 Km2) • Drilling, trenching and underground sampling has defined 3 high-grade Keno style silver targets on the known productive trends at the st
Slide 7: Leadership Team
TSX-V: MMG OTC: MMNGF FSE: 9MM1 LEADERSHIP TEAM Building on a Proven Successful Model for Value Creation • Board and Management with extensive experience in global exploration and mining business, collectively raised over $650 million in project financing • Highly successful explorationists formerly
Slide 8: Management & Directors
TSX-V: MMG OTC: MMNGF FSE: 9MM1 MANAGEMENT & DIRECTORS ▪ Over 30 years experience in the discovery, development and financing of large-scale mining projects including raising over Greg Johnson $650 million in project financing across 7 public companies Chief Executive Officer ▪ Founder of Metallic G
Slide 9: Technical Team and Advisory
TSX-V: MMG OTC: MMNGF FSE: 9MM1 TECHNICAL TEAM AND ADVISORY ▪ Over 30 years of experience in global exploration, mine geology, project management and advancement Scott Petsel, PGeo ▪ Former Project Mgr, Ambler & Bornite projects, NovaCopper (now Trilogy Metals), Exploration Mgr, Galore Creek Vice Pr
Slide 10: Keno Silver Project Location & Infrastructure
TSX-V: MMG OTC: MMNGF FSE: 9MM1 KENO SILVER PROJECT LOCATION & INFRASTRUCTURE Excellent access and power infrastructure in place • 100% owned Keno Silver Project located in Canada’s mining-friendly Yukon Territory • Existing road access along Yukon highway 11 and 2 connecting to deep sea, year-aroun
Slide 11: Keno Area Regional Claims Map
TSX-V: MMG OTC: MMNGF FSE: 9MM1 KENO AREA REGIONAL Strategic Metals CLAIMS MAP Metallic Minerals Holdings Highly-prospective projects in an active region for exploration Keno Mill Complex TSX: PGE.V 11 11 OTCQB: PGEZF FSE: 5D32
Slide 12: Keno Hill Mine & Economics
TSX-V: MMG OTC: MMNGF FSE: 9MM1 KENO HILL MINE Keno Hill Mill Complex & ECONOMICS Restart of Production On Track for H2 2020 Alexco Resource Corp. 2019 Feasibility Highlights1: Annual Silver LOM AISC Initial IRR Mine Life Avg. Silver Grade Production Capex 8 Years 804 g/t Ag 1st 4 full years USD $10
Slide 13: Keno Hill Grades vs. Global Primary Ag Peers
TSX-V: MMG OTC: MMNGF FSE: 9MM1 KENO HILL GRADES VS. GLOBAL PRIMARY AG PEERS One of the world’s highest-grade silver districts within a top global mining jurisdiction Source: Company public disclosures reserve grades as of March 2020; AgEq. calculated using: $18/oz Ag, $1600/oz Au, $0.85/lb Pb and $
Slide 14: Keno Style Mineralization
TSX-V: MMG OTC: MMNGF FSE: 9MM1 KENO STYLE MINERALIZATION High-Grade Silver, Lead and Zinc Vein Systems • Keno style high-grade silver veins occur along High-grade Ag-Pb-Zn Vein persistent parallel Keno Hill structural trends, forming Quartzite major mineralized shoots in the quartzite and greenston
Slide 15: Keno Hill Silver District Geology & Deposits
Western Keno Hill District Central Keno Hill District Eastern Keno Hill District (205 Moz Ag) 1,2 (90 Moz Ag) 1,2 (untested) KENO HILL Lucky Queen Trend (24 Moz) SILVER DISTRICT Flame & Moth Trend (40 Moz) Keno Summit Trend (26 Moz) Cobalt Hill Sadie Avenue Bermingham Trend (140 Moz) Ladue Lucky Sil
Slide 16: Keno Hill Silver District MMG Claims and Targets
Western Keno Hill District Central Keno Hill District Eastern Keno Hill District (205 Moz Ag) 1,2 (90 Moz Ag) 1,2 (untested) KENO HILL Cobalt Hill SILVER DISTRICT Sadie Ladue Lucky Avenue Silver Basin Beauvette West Cobalt MMG CLAIMS Formo Queen Keno Hill Gold Duncan Caribou Faith Divide AND TARGETS
Slide 17: Western Keno Hill Silver District Schematic Sections
TSX-V: MMG OTC: MMNGF FSE: 9MM1 Bermingham Trend (140 Moz Ag M&I + past production) WESTERN SW Bermingham 3.8 Moz past Ag production1 Hector-Calumet Galkeno Sadie Ladue 12.7 Moz past NE KENO HILL 33 Moz Ag ind (incl. 11.3P&P)2 11.7 Moz Ag inferred2 96.2 Moz past Ag production1 4.5 Moz past Ag produc
Slide 18: Central Keno Hill Silver District Schematic Sections
TSX-V: MMG OTC: MMNGF FSE: 9MM1 CENTRAL SW Flame & Moth Trend (40 Moz Ag M&I + past production) Lucky Queen Trend (24 Moz Ag M&I + past production) Lucky Queen NE KENO HILL Flame & Moth Blackcap 11.0 Moz Past Ag Production1 1.3 Moz Past Ag 5 Moz Ag Ind incl 2.8 Moz P&P) 2 Avenue 29 Koz Past Ag Produ
Slide 19: East Keno Hill Silver District
TSX-V: MMG OTC: MMNGF FSE: 9MM1 EAST KENO HILL SILVER DISTRICT Priority early stage exploration N Eastern Keno Hill District Cobalt targets with potential for a (untested) major greenfields discovery Beauvette Bounty • Compared to the Western and Central Keno Hill silver district Avenue West Cobalt
Slide 20: East Keno – Schematic Section
TSX-V: MMG OTC: MMNGF FSE: 9MM1 EAST KENO – SCHEMATIC SECTION Potential for large scale structural corridor/breccia zone hosted bulk tonnage Keno style silver-lead-zinc more proximal to mineralizing intrusives Peñasquito Deposit Model1 Target Areas with EAST KENO SOUTH TO NORTH CROSS SECTION 50 g/t
Slide 21: Keno Silver Project Next Steps
TSX-V: MMG OTC: MMNGF FSE: 9MM1 KENO SILVER PROJECT NEXT STEPS Metallic Minerals is focused on Metallic Minerals has identified Keno Hill style identifying and rapidly high-grade mineralization through drilling at advancing the most prospective 3 of 6 advanced stage target areas along with Explorati
Slide 22: La Plata Silver-Gold-Copper Project
TSX-V: MMG OTC: MMNGF FSE: 9MM1 LA PLATA SILVER- Rio Tinto Bingham Canyon 62 B lbs Cu Continental Scale Copper King Cu-Au GOLD- Structures 4 B lbs Mo (Gravity and Magnetics) Freeport 40 Moz Au Tintic Henderson 345 Moz Ag 750 M lbs Mo COPPER 3 B lbs Cu Freeport Climax 750 M lbs Mo PROJECT Leadville 2
Slide 23: La Plata Silver-Gold-Copper Project
TSX-V: MMG OTC: MMNGF FSE: 9MM1 LA PLATA SILVER-GOLD-COPPER PROJECT La Plata Project Schematic Cross Section Precious Metals Rich Porphyry and Associated High-Grade Epithermal Systems Long history of mining in the La Plata district with high-grade • 49 holes were drilled on the property, totaling 12
Slide 24: Klondike Gold District - Production Royalties
TSX-V: MMG OTC: MMNGF FSE: 9MM1 KLONDIKE GOLD DISTRICT - PRODUCTION ROYALTIES Road accessible and fully-permitted for alluvial gold production • Over 20 million ounces of gold have been produced from the Klondike gold district since its discovery in 18981. • Australia Creek and Dominion Creek are tr
Slide 25: Metallic Minerals – Next Steps
TSX-V: MMG OTC: MMNGF FSE: 9MM1 METALLIC MINERALS – NEXT STEPS Key Milestones & 2019 Milestones Upcoming catalysts Keno Silver Project, Yukon Priorities for 2020 Upcoming Catalysts • Initial block modeling of advanced targets at • Work towards advancement of mineralized Keno Silver Project including
Slide 26: Metallic Minerals World Class Opportunity
TSX-V: MMG OTC: MMNGF FSE: 9MM1 METALLIC MINERALS WORLD CLASS OPPORTUNITY Highly experienced leadership with proven track record of discovery, growth and advancement of tier 1 assets World Class Asset Checklist Consolidated land positions in the prolific Keno Hill and La Plata mining Geologic system
Slide 27: Capital Structure & Relative Performance
TSX-V: MMG OTC: MMNGF FSE: 9MM1 CAPITAL NYSE SILJ STRUCTURE TSX-V: MMG Metallic Minerals Junior Silver ETF TSX CDNX Venture Index & RELATIVE PERFORMANCE $8 Million Bought Deal Financing Closed August 2020 Lead by Canaccord Genuity, Red Cloud and Mackie Research Recent Share Price (as of October 30,
Slide 28: Silver Supply / Demand Fundamentals
TSX-V: MMG OTC: MMNGF FSE: 9MM1 SILVER SUPPLY / DEMAND FUNDAMENTALS Strong Fundamentals Leading •• Mine supply falling since 2015 peak • Continued fabrication demand growth since 2012 Recycling / secondary supply continues • Photovoltaic (solar panel) and electronics projected for the Way to Higher
Slide 29: Relative Value of Commodities vs General Market Equities
RELATIVE VALUE OF COMMODITIES VS GENERAL MARKET EQUITIES Major Commodity Cycles over Last 50 years Lowest relative price of commodities in past 50 yrs TSX: PGE.V Goldman Sachs Commodity Index / S&P 500 Ratio OTCQB: PGEZF GSCI = Goldman Sachs Commodity29Index FSE: 5D32
Slide 30: Relative Value of Precious Metals, Base Metals & Energy vs General Market
RELATIVE VALUE OF PRECIOUS METALS, BASE METALS & ENERGY VS GENERAL MARKET OVER LAST COMMODITY CYCLE Goldman Sachs Commodity Sub-Index for Precious Metals, Base Metals and Energy vs S&P 500 Since 1995 GFC and Commodity Cycle Peak GSCI Base Metals Sub-Index / S&P 500 GSCI Precious Metals Sub-Index / S
Slide 31: Multi-Year Precious Metals Price Cycles
Gold, Silver, Platinum Prices 1980- 2020 MULTI-YEAR PRECIOUS METALS PRICE CYCLES 1980 1990 2000 2010 2020 SILVER Major low turning points for GOLD precious metal price cycles PLATINUM $/oz Ag $/oz (Au or Pt) TSX: PGE.V 31 OTCQB: PGEZF FSE: 5D32
Slide 32: Long Term Gold/Silver and Gold/Platinum Ratios
GOLD, SILVER, PLATINUM PRICES 1980- 2020 LONG TERM GOLD/SILVER AND GOLD/PLATINUM RATIOS • Highest gold:silver and gold:platinum ratios in past 40 years • Suggests potential major inflection point for silver and platinum prices, following gold’s lead and reversion to the mean Gold:Silver Ratio Median
Slide 33: Keno Silver Project Appendix Advanced Stage Target Areas
Keno Silver Project Appendix Advanced Stage Target Areas 33
Slide 34: Keno Hill Silver District Structural Controls
TSX-V: MMG OTC: MMNGF FSE: 9MM1 Western Keno Hill (Bermingham Trend) KENO HILL Central Keno Hill (Keno Hill to Avenue Trend) SILVER Silver Basin Avenue DISTRICT Caribou STRUCTURAL Hector-Calumet Gold Hill Duncan CONTROLS Bermingham Keno Hill Bermingham and Keno Hill Structural Silver Queen Similarit
Slide 35: Keno Silver Project – Priority Target Areas (Western District)
KENO SILVER PROJECT – PRIORITY TARGET AREAS Western District – Priority for follow up in 2020 Sadie Ladue Onek Trend Resource Delineation Bermingham Trend 10 Moz Silver Basin (140 Moz) 1st Stage Drill Targets Lucky Target Definition Stage Queen Caribou Formo 11 Moz Duncan Production Gold Hill Elsa T
Slide 36: Keno Silver Project – Priority Target Areas (Eastern District)
KENO SILVER PROJECT – PRIORITY TARGET AREAS Eastern District – Priorities for follow up in 2020 Resource Delineation Cobalt Hill Bellekeno Trend 1st Stage Drill Targets Onek Trend (25 Moz) (10 Moz) Target Definition Stage Flame & Moth Trend (50 Moz) Nero Cobalt West Earn Lucky Queen Keno Summit 11 M
Slide 37: Formo Target - 3D Model Oblique Long Section
TSX-V: MMG OTC: MMNGF FSE: 9MM1 KENO SILVER PROJECT – ADVANCED STAGE TARGETS FORMO TARGET - 3D MODEL – OBLIQUE LONG SECTION Looking NW – Showing 3 mineralized shoots with targeted high-grade of over 1000 g/t Ag Eq SW NE TSX: PGE.V 37 37 OTCQB: PGEZF FSE: 5D32
Slide 38: Keno Summit Area: Caribou, Duncan and Gold Hill Cross Section
KENO SILVER PROJECT – ADVANCED STAGE TARGETS Keno Summit Area: Caribou, Duncan and Gold Hill Cross Section Keno Hill, Gold Hill, Duncan, Caribou and Avenue Structural Windows Cross Sections Looking North Keno Summit Area 2000 m Keno Hill Mine (Alexco) Gold Hill Caribou Duncan Avenue & 12.6 Moz Past
Slide 39: Caribou Target Area Long Section - Contoured Grade Values
KENO SILVER PROJECT – ADVANCED STAGE TARGETS Caribou Target Area Long Section - Contoured Grade Values Caribou Vein Long Section Looking West (34° dip / 110° dip-direction) 1820 El Contours = Ag Eq GPT Grade Drill collar color by Ag Eq GPT bin range 0 – 50 g/t Caribou Hill 1800 El 51 – 200 g/t 321 1
Slide 40: High-grade drill results from the Caribou target areas
KENO SILVER PROJECT – ADVANCED STAGE TARGETS High-grade drill results from the Caribou target areas Hole Vein # From (m) To (m) Width (m) Ag g/t Pb % Zn % Au g/t Ag Eq g/t CH18-030 Caribou 35.2 37.95 2.75 389 4.46 0.53 0.075 636 incl 35.2 35.75 0.55 1768 21.01 2.26 0.361 2918 CH18-031 Caribou 34.55
Slide 41: Homestake Plan Map with Intercept Grades
KENO SILVER PROJECT – ADVANCED STAGE TARGETS Homestake Plan Map with Intercept Grades Convergence Target HS18-032 232 g/t Au Eq m * Further results from 2017 field exploration program pending 41 *Intercepts are actual drill results and believed to represent true thickness 41
Slide 42: High-grade results from the Homestake target areas
KENO SILVER PROJECT – ADVANCED STAGE TARGETS High-grade results from the Homestake target areas Highlighted Drill Results from the Homestake #1 and #2 Vein Structures Hole Vein # From (m) To (m) Width (m) Ag g/t Pb % Zn % Au g/t Ag Eq g/t HS18-032 HS2 100.05 100.45 0.40 1.3 0.005 0.001 2.949 232 HS1
Slide 43: Silver Queen Cross Section
TSX-V: MMG OTC: MMNGF FSE: 9MM1 KENO SILVER PROJECT – ADVANCED STAGE TARGETS SILVER QUEEN CROSS SECTION Looking East – with proposed drill holes testing mineralized corridors TSX: PGE.V 43 43 OTCQB: PGEZF FSE: 5D32
Slide 44: Contact Information
TSX-V: MMG OTC: MMNGF FSE: 9MM1 CONTACT INFORMATION Corporate Head Office: 904 – 409 Granville Street - Vancouver, BC V6C 1T2 Phone: 604-629-7800 Toll Free: 888-570-4420 Yukon Office: 3151C Third Ave. - Whitehorse, YT - Y1A 1G1 PO Box 31215 Whitehorse, YT - Y1A 5P7 Email: info@metallic-minerals.com
Slide 45: Notes on Referenced Resources & Reserves
Notes on Referenced Resources & Reserves TSX-V: MMG OTC: MMNGF FSE: 9MM1 Keno Hill Silver District – Alexco Resource Corp (see map page 13) CATEGORY 1,2,&4 PROPERTY TONNES Ag (g/t) Au (g/t) Pb (%) Zn (%) CONTAINED Ag (Oz) Probable Bellekeno3 40,109 843 - 11.80% 6.30% 1,087,000 Lucky Queen3 70,717 1,
Slide 46: www.metallic-minerals.com
TSX-V: MMG OTC: MMNGF FSE: 9MM1 TSX.V: MMG OTC: MMNGF WWW.METALLIC-MINERALS.COM TSX: PGE.V 46 OTCQB: PGEZF FSE: 5D32
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