Fortune Bay Corp. · TSXV:FOR
Fortune Bay — Investor Presentation (March 2024)
25 slides from Fortune Bay's investor presentation, March 2024
Slide 1: Exploration and Development in Canada's Top-Ranked Jurisdiction
Exploration and Development in Canada’s Top-Ranked Jurisdiction TSXV: FOR | FWB: 5QN | OTCQX: FTBYF ► Advancing Potential for Saskatchewan’s Next Gold Mine www.fortunebaycorp.com ► Exploring for High-Grade Athabasca Basin Uranium Corporate Presentation March 2024 Photo: Goldfields Project, Box headf
Slide 2: Cautionary Language & Legal Disclaimers
Cautionary Language & Legal Disclaimers Cautionary Statements Technical Reports & Disclosures Information set forth in this presentation contains forward-looking statements that are based on assumptions as of Goldfields Project - Results for the Preliminary Economic Assessment (“PEA”) were announced
Slide 3: Capital Structure & Ownership
Capital Structure & Ownership As of March 1, 2024 Capital Structure Market Capitalization Ownership Issued & Outstanding 46.0M Share Price C$0.21 Management 16% & Board Options 2.9M Market Cap. C$9.4M Warrants 3.9M 84% Public Operational Base in Uranium City, Saskatchewan 3
Slide 4: Experienced Team, Proven Track Record
Experienced Team, Proven Track Record Dale Verran MSc, P.Geo Sarah Oliver CPA CA Wade Dawe BComm Gareth Garlick BSc, P.Geo Chief Executive Officer CFO Executive Chairman Technical Director +20 years mining & exploration +10 years accounting and finance +25 years as accomplished entrepreneur, +20 yea
Slide 5: Diversified & Well-Positioned
Diversified & Well-Positioned Enviable Global Gold Resource Base for a Junior Trading Trading at at Significant Significant Discount Discount to to Peers Peers +2.9 Moz gold EV/Resource 3 40 30 US$/oz 20 Strike and Murmac Spruce, Pine, Aspen, Birch and Fir 10 US$6/oz US$2/oz Uranium Projects (“The W
Slide 6: Goldfields Project, Saskatchewan
Advancing Potential for Saskatchewan’s Next Gold Mine Photo: Box historical headframe, mill frame & powerline ► Robust PEA Economics Goldfields Project, ► Established project infrastructure Permitting well-advanced Saskatchewan ► ► Exploration and development upside ► 100% owned 6
Slide 7: Goldfields - Key Attributes
Goldfields - Key Attributes Infrastructure and Access ► Gravel road to site from Uranium City (Provincial highway 962) ► Seasonal ice-road to site from Stony Rapids (Government maintained) ► Barge accessible in summer ► Hydro-power transmission line to site, power stations 40 kilometres from site (c
Slide 8: Goldfields Project 2022 PEA Summary & Sensitivities
Refer to news release dated November 1, 2022 for Preliminary Economic Assessment (“PEA”) summary including important technical & financial GOLDFIELDS PROJECT disclosure and cautionary statement. PEA results are detailed in the NI 43-101 Technical Report (effective date October 31, 2022) available on
Slide 9: Key Opportunities – Expansion and Exploration
Key Opportunities – Expansion and Exploration ► Box Mineral Resource Expansion 500 m N ► Pit expansion into deeper resources possible at higher gold prices. GP95-7*: Golden 5.07 g/t over 15.0 m Pond (3.0 to 18.0 m) ► Deep drill results suggests presence of higher-grade “shoots”. Additional drilling
Slide 10: Uranium Projects, Saskatchewan
High-Grade Athabasca Basin Uranium Potential ► Seven high-potential projects Uranium Projects, ► Targeting high-grade basement-hosted deposits Saskatchewan ► Numerous high-grade (>1% U3O8) surface showings ► Favorable geology & structure ► 100% owned 10
Slide 11: High-Potential Uranium Projects
High-Potential Uranium Projects ~60,000 Hectares on the Underexplored Northern Rim of the Athabasca Basin NORTHWEST TERRITORIES SASKATCHEWAN Strike Pine Birch The Woods Goldfields Spruce Gold Project Uranium Projects Fir Aspen Murmac Athabasca Basin 100 km Significant uranium deposits/developments 1
Slide 12: Uranium Targeting Concept
Uranium Targeting Concept ► Targeting high-grade basement-hosted deposits immediately outside present-day Athabasca Basin margin (e.g. Arrow, Triple R, Eagle Point) ► Deposits are associated with graphite-rich basement rocks (EM conductors) and major structures ► Outside of the Basin these deposits
Slide 13: Murmac and Strike – Exploration Status
Murmac and Strike – Exploration Status Camsell Portage Exploration to Date: First-pass (2022 mineralized drill Athabasca intercepts >0.1% U3O8 over 0.1 metre ► Significant uranium endowment: Historical mines Basin ~60 Mlbs U3O8 produced, abundant high-grade >1% Uranium City U3O8 occurrences ► VTEMTM
Slide 14: Murmac - Support for High-Grade Discovery
Murmac - Support for High-Grade Discovery Highlight analytical results from 2022 Murmac Prospecting: Out of VTEM coverage ► 8.82% U3O8 from a boulder sample on the Armbruster Corridor providing Lorado compelling support for the presence of high-grade, basement-hosted uranium mineralization on the Pr
Slide 15: Strike - Discovery of New Mineralization
Strike - Discovery of New Mineralization ► Discovery of new mineralization in S22-013 ► The intersection of anomalous uranium up to 0.43% U3O8, associated with reactivated structures in graphitic rocks and pathfinder element enrichment, highlights the potential for high-grade uranium deposits typica
Slide 16: Murmac & Strike Option Agreement
Murmac & Strike Option Agreement ► Option agreement signed with with 1443904 B.C. Ltd. on December 15, 2023. 1 ► Angold Resources Ltd. (TSXV: AAU) acquired 1443904 B.C. Ltd. and change its name to Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: 13L0). 2 ► Key Terms of the Agreement: Conside
Slide 17: The Woods – A New Frontier for Uranium Discovery
The Woods – A New Frontier for Uranium Discovery District-Scale Opportunity NORTHWEST TERRITORIES SASKATCHEWAN ► Five projects, ~40,000 hectares The Woods ► A dominant land position along the Grease River Uranium Projects Shear Zone (“GRSZ”) within 30 kms of the Athabasca Basin margin Lake Athabasca
Slide 18: The Woods - Highest Lake Sediment Anomalies in Saskatchewan
The Woods - Highest Lake Sediment Anomalies in Saskatchewan* Lake sediment anomalism correlates with Extreme anomalism in The Woods Projects major structures & known uranium deposits area The Woods Uranium Projects Athabasca Basin Athabasca Basin Athabasca Basin 20 km ► Highest uranium lake sediment
Slide 19: The Woods – Potential for Discovery
The Woods – Potential for Discovery Significant U deposits/developments SDMI & highlight uranium occurrences Extreme surface uranium ► Significant Uranium Endowment - 0.39% U3O8 430 ppm U anomalism Drill holes Historical exploration identified Major faults Lake sediments with values up to 1,870 ppm
Slide 20: The Woods – Fast-Tracked Approach to Discovery
The Woods – Fast-Tracked Approach to Discovery ► The type of historical electromagnetic (“EM”) SDMI uranium occurrences survey completed over Projects is not SDMI REE occurrences effective for identification and targeting of Uranium deposits basement conductors (favorable graphitic Major faults rock
Slide 21: Ixhuatán Project, Chiapas State, Mexico
Top-tier Copper-Gold Potential ► Geological setting parallels most of the giant porphyry deposits worldwide Ixhuatán Project, ► Previous exploration focused on epithermal gold; porphyry system unexplored Mineralization encountered to date is characteristic of the upper portion of a district-scale Ch
Slide 22: Ixhuatán - Potential for Major Copper-Gold Discovery
Ixhuatán - Potential for Major Copper-Gold Discovery A’ N ElChichón ► Favorable tectonic setting - subduction of a major aseismic ridge Historical Highlights: ► Thin reactive cover rocks (limestone Santa Fe skarn: 0.6% Cu, 2.4 g/t Au, 120 g/t Ag and 1.30% Pb (mine average grade) and anhydrite-halite
Slide 23: Ixhuatán - Underexplored Copper Potential
Ixhuatán - Underexplored Copper Potential Similar copper potential expected to exist at Santa Fe Drill holes ► Previous exploration focused on gold in the cover rocks (lithocap) Soil Cu ppm ► Strong copper mineralization at Cerro La Mina, Caracol & Santa Fe provides precedent for a copper system Lim
Slide 24: Ixhuatán - Multiple Opportunities
Ixhuatán - Multiple Opportunities C = Carbonate base-metal + Au target ► Advancement of Campamento L = Low sulphide Au-Cu target ► Resource expansion P = Porphyry/Skarn Cu-Au target ► PEA ► Underexplored epithermal gold targets Cacate P-8 ► Central, Caracol, San Isidro, Laguna Chica, Laguna Grande,
Slide 25: Why Invest?
Why Invest? Poised for Growth… Strike and Murmac The Woods Uranium Projects Underpinned by significant gold resource base +2.9 Moz Uranium Projects (Spruce, Pine, Aspen, Birch and Fir) Goldfields 1 Upside through partner-funded uranium exploration 0.98 Moz Indicated 0.21 Moz Inferred Experienced boa