Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (November 2024)
40 slides from Ridgeline Minerals's investor presentation, Nov 7, 2024
Slide 1: Exploration Done Differently
1 Exploration Done Differently November 7, 2024 Corporate Deck TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0
Slide 2: Disclaimer
2 CAUTIONARY STATEMENT Disclaimer Forward Looking Statements Qualified Persons. Michael Harp, CPG., Vice President, Exploration, is the Qualified Person as defined by National Instrument 43-101 and has reviewed Statements contained in this press release that are not historical facts are “forward-loo
Slide 3: Ridgeline Minerals
3 ABOUT US Ridgeline Minerals Ridgeline is a US focused precious and base metal explorer with a portfolio of six highly prospective exploration projects in Nevada including three earn-in agreements (US $60M) with Nevada Gold Mines & South32 WORLD-CLASS $20M SOUTH32 NEW HIGH-GRADE GOLD LOCATIONS EARN
Slide 4: Management Team
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 4 Management Team Chad Peters B.Sc., P.Geo Mike Harp M.Sc., CPG Duane Lo CPA (CA) President, CEO & Director Vice President, Exploration CFO & Director ▪ Led multi-million-ounce high-grade CSD ▪ Led multi-million-ounce North Dark Star ▪ 20+ years of international
Slide 5: Capital Structure
MANAGMENT ALIGNED WITH SHAREHOLDERS 5 Capital Structure As at November 1, 2024 10.4% Management & 109.7M Large Shareholders Insiders Non-Diluted I/O o Stephens Investment Mgmt. o Chad Peters – 5.3% o Rick Rule 5.8M 2.7M 20.5M o Merk Investments Cash ~ C$0.7M Options RSU/DSU Warrants o Extract Capita
Slide 6: Hybrid Explorer Business Model
BUSINESS MODEL 6 Hybrid Explorer 4 3 Add Value With Discovery Reduce Risk With Partnerships 2 MONETIZE 1 DE-RISK 4 Monetize asset via sale DISCOVER . os m 3 Maiden resource 4 -2 12 EXPLORE Selena -$20M +20% “free-carry” 2 Discoveries advanced Swift - $30M +25% “free-carry” Black Ridge - $10M +25% “f
Slide 7: Partner-Funded Leverage to Discovery
BUSINESS MODEL 7 Partner-Funded Leverage to Discovery 30,000,000 RDG Invested Capital vs. Partner Funded Capital +552% leverage on every RDG $ spent $30M + 25% RDG Non- 25,000,000 Dilutive Stake 20,000,000 $20M + 20% RDG Non- 15,000,000 Dilutive Stake 10,000,000 $10M + 25% RDG Non- 5,000,000 Dilutiv
Slide 8: Why a Minority Joint Venture Interest Matters
BUSINESS MODEL 8 Why a Minority Joint Venture Interest Matters ▪ There are many past examples of minority interests in major discoveries yielding outsized returns for investors ▪ Ridgeline’s earn-in deals with NGM and South32 have the potential for similar trajectories if a discovery is made Source:
Slide 9: 6 Projects
Twin Creeks Midas BLACK RIDGE Turquoise BELL CREEK Carlin-Type Au 9 Ridge & Coyote South Arturo $10M Earn-In Wells Carlin-Type Au Pinson CORE LAND POSITIONS Winnemucca Meikle Goldstrike Leeville-Turf Lone Tree Carlin Elko Mike 6 Projects Marigold Battle Mountain Gold Quarry Carlin BIG BLUE Porphyry
Slide 10: Swift
10 PARTNER PROJECTS Swift Optioned - Nevada Gold Mines 75 km2 Land Package Carlin- Type Au-Ag Click Here NGM EARN-IN LOCATION THE OPPORTUNITY 2024 OBJECTIVE US $30M earn-in agreement District-scale land package on NGM targeting a 5+ Moz high- $3.0M NGM exploration budget signed with NGM (09-22-2021
Slide 11: Nevada Gold Mines Earn-In
11 SWIFT Nevada Gold Mines Earn-In ▪ Partnering with NGM at Swift eliminates the high exploration risk and cost associated with deep drilling ▪ Deal structure provides Ridgeline with exposure to Swift across all levels of project development with zero corporate dilution ▪ NGM aggressively exploring
Slide 12: Discovery Potential
12 75km² SWIFT Swift Project SW24-006 ($30M RDG-NGM JV) 2.7m @ 7.0 g/t Au Incl: Discovery Potential 1.1m @ 10.4 g/t NGM DDH Elder Robertson Creek PWC Project ($20M Kinross – RLYG JV) ▪ First six NGM framework holes (2021-2024) at Swift Greystone Clipper have hit significant gold intercepts including
Slide 13: Schematic Long Section A-A'
13 SWIFT Schematic Long Section A-A’ ▪ SW24-006 returned the highest-grade drill results in project history including 1.1m @ 10.4 g/t Au within 2.7m @ 7.0 g/t ▪ Comparable grades to the P&P reserve grade of 6.3Moz Au @ 7.27 (8) for NGM’s Cortez Complex Underground A 9.1m @ 0.5g/t Au NGM SWIFT - RDG
Slide 14: SW24-006 High-Grade Zone
14 SWIFT SW24-006 High-Grade Zone SW24-006 Mineralized Intercept 2.7m @ 7.0 g/t Au including 1.1m @ 10.4 g/t Au 0.7 g/t Au 1.5 g/t Au <0.1 g/t Au 1.3 g/t Au 0.3 g/t Au 10.4 g/t Au 5.5 g/t Au 0.2 g/t Au <0.1 g/t Au SW24-006 Core Photo Source: modified from Nevada Gold Mines Higher Au grades related t
Slide 15: Big Blue
15 FLAGSHIP PROJECT Big Blue 50 km2 Land Package Porphyry & CRD Cu-Au-Ag ± Pb-Zn 100% OWNED HIGH-GRADE THE OPPORTUNITY 2024 OBJECTIVE 50km² land package covers past Delker Mine produced 94,434 pounds Cu Potential to discover porphyry/skarn • Q3 – Geophysical survey (IP) producing Delker and Skarn Hi
Slide 16: Historic Cu District
Delker Mine Produced 94k lbs. Cu @ 6.2% 16 1916-1917(14) Trench 1 BIG BLUE 0.6m @ 15.5% Cu, 0.03 g/t Au 3.9% Cu, Within 16.3 g/t Au, 2.4m @ 4.6% Cu, 0.02 g/t Au, Historic Cu District (qtz. Vein w VG ) 0.4% Cu, 9.6 g/t Au, (qtz. vein) U/G Shaft 0.3% Cu, 10.8% Cu, Delker ▪ The Big Blue Project include
Slide 17: Porphyry Zonation
17 BIG BLUE 3.9% Cu, 16.3 g/t Au, (qtz. Vein w VG ) 0.4% Cu, 9.6 g/t Au, Porphyry Zonation (qtz. vein) U/G Shaft Delker ▪ Porphyry’s exhibit systematic zonation Porphyry & Skarn Mine Cu-Au ± Ag-Co patterns that transition from higher-temp 5.8% Cu, porphyry-skarn (Cu-Au-Ag) mineralization Skarn Cu-Au
Slide 18: Two Porphyry Centers
18 BIG BLUE 3.9% Cu, Outcropping 16.3 g/t Au, Jurassic Porphyry Two Porphyry Centers (qtz. vein w VG ) 0.4% Cu, 9.6 g/t Au, (qtz. vein) U/G Shaft 0.3% Cu, Delker 0.1 g/t Au, Mine ▪ Airborne magnetics data supports the (qtz. vein) 10.8% Cu, 0.1 g/t Au, Ohio Target (skarn) potential for two porphyry c
Slide 19: 2024 IP Survey Lines
19 BIG BLUE 2024 IP Survey Lines U/G Shaft Delker Mine ▪ IP survey was designed as a first-pass survey Ohio Target over both the Delker and Ohio porphyry targets Skarn Hill Adit ▪ Additional lines planned to connect targets across the basin and increase survey resolution prior to initiating maiden d
Slide 20: IP Line 71500N X-Sections
20 DELKER TARGET IP Line 71500N X-Sections ▪ Strong chargeability anomaly (25 mV/V = ~5x background) down-dip of the historical Skarn Hill Adit supports Ridgeline’s interpretation that there is a blind porphyry target feeding the Delker Mine trend (2+ km of strike) Rock Chip 6.4% Cu, 0.2 g/t Au, All
Slide 21: IP Line 72900N X-Section
21 DELKER TARGET Delker Mine Produced 94k lbs. Cu @ 6.2% 1916-1917(14) IP Line 72900N X-Section Alluvial Cover Delker Mine Alluvial Cover Carbonate rocks ▪ Subtle chargeability high beneath the Delker Mine Skarn? parallels the QFP dike swarm and increases in Porphyry Target Skarn? ~25 mV/V Charge Hi
Slide 22: Delker Porphyry Target – Cu Skarn
22 BIG BLUE Delker Porphyry Target – Cu Skarn ▪ Mining at the Delker Mine targeted enriched oxide Cu skarn within 5 meters of the surface ▪ Historical operators did not explore at depth to target the potential porphyry Cu-Au source Sample #11 – 15.5% Cu Chrysocolla Big Blue Cu Skarn Chalcocite Chrys
Slide 23: IP Line 70250N X-Section
23 OHIO TARGET IP Line 70250N X-Section Alluvial Cover Skarn? Skarn? Carbonate rocks ▪ Strong chargeability high (15-20 mV/V) that is ~800m wide to the E-W at the Ohio target exhibits a coincident magnetic anomaly (slide #30) that Ohio Porphyry Target suggests potential for a deeper porphyry source
Slide 24: Ohio Porphyry Target – VG
24 VG (1mm) BIG BLUE Ohio Porphyry Target – VG 10x Magnification VG ▪ Team has identified Visible Gold (VG) with strong copper oxides within quartz veins at the Ohio Target Quartz ▪ Quartz veins occur as northwest trending discrete and Vein stockwork vein sets that crosscut the outcropping Jurassic
Slide 25: Selena
25 PARTNER PROJECTS Selena Optioned – South32 39 km2 Land Package Carbonate Replacement Deposit Ag-Pb-Zn-Au ± Cu-W Click Here SOUTH32 EARN-IN HIGH-GRADE THE OPPORTUNITY 2024 OBJECTIVES US $20M earn-in agreement Chinchilla Zone Define a large open-pit and • Complete MT geophysics survey signed with S
Slide 26: South32 Earn-In
26 SELENA South32 Earn-In ▪ Partnering with South32 at Selena secures the necessary funding for deep drilling (1,000+ meters) at the high- priority Chinchilla Sulfide CRD target ▪ Deal structure provides Ridgeline with a 40% to 20% stake in Selena dependent on Phase I & Phase II milestones ▪ RDG “fu
Slide 27: Discovery Potential
27 SELENA Selena Discovery Potential CRD Discovery - Nevada Hilltop CRD Discovery - Nevada Selena (RDG – South32 Earn-In) Hermosa-Taylor OPEN 3.7km + Strike CRD Deposit - Arizona Discovery Holes (2021-2022 (2)) 6.1m @ 480 g/t Ag, 6.4% Zn, 12.0% Pb, 0.1 g/t Au – SE22-045 Cinco De Mayo 4.6m @ 421.0 g/
Slide 28: Selena CRD Checklist
28 SELENA Selena CRD Checklist Features Common to all Known Large CRD Deposits Location – Main Street CRD/Porphyry belt Location – Top of carbonate section (room to grow) Ag (+400 g/t), Au-Zn-Pb-Cu ± Mn-As-W… Multiple mineralization and alteration stages Large-scale zoning Presence of felsite dikes
Slide 29: District-Scale Property
29 Bald Mountain Mine SELENA (Kinross) District-Scale Property ▪ 39km² contiguous land package in the historic Limousine Butte mining district in FCX - JV Nevada FCX - JV FCX - JV ▪ Shared boundary with the Butte Valley Butte Valley Porphyry, a US $33M Freeport – McMoRan (Freeport–McMoRan – Falcon B
Slide 30: Porphyry Zonation
30 SELENA Selena Deposit Zonation Porphyry Zonation Chinchilla Multiple deposit types across 5 target areas Oxide Ag-Pb-Zn-Au 5 Highlight Drill Intercepts By Target 2 Broken Egg 1 3.0m @ 40.2 g/t Ag, 7.0% Pb-Zn, 3.0 g/t Au - SE22-037 1 Oxide Au 3 Chinchilla Juniper 6.1m @ 480.0 g/t Ag, 18.4% Pb-Zn,
Slide 31: Chinchilla Long Section A-A'
31 SELENA Chinchilla Long Section A-A’ ▪ Chinchilla zone exhibits both open-pit and underground potential over 3.7+ km of drilled strike that outcrops at surface Historical Butte Valley Drill Intercepts Broken Egg Oxide Au BV-14: 36.5m @ 0.2% Cu, 0.1 g/t Au, 0.5g/t Ag,(6) Chinchilla Sulfide Chinchil
Slide 32: Chinchilla Long Section – 3D Mag Inversion
32 SELENA Chinchilla Long Section A-A’ – 3D Mag Inversion ▪ Strong magnetic highs at the Skarn and Chinchilla Sulfide targets represent a priority exploration target ▪ November 2025 MT Survey (funded by South32) in-progress over the Chinchilla Sulfide to refine deep drill targets Historical Butte Va
Slide 33: Chinchilla Sulfide Target vs Taylor Sulfide Deposit
33 SELENA Chinchilla Sulfide Target vs Taylor Sulfide Deposit ▪ The Chinchilla Sulfide Target exhibits similar scale potential and proximity to a porphyry source as the Taylor Sulfide Deposit (South32 comparison is for illustrative purposes only) with hole SE22-037 & 038 highlighting discovery poten
Slide 34: Black Ridge
34 PARTNER PROJECTS Black Ridge Optioned - Nevada Gold Mines 19.5 km2 Carlin Trend Land Package Carlin- Type Au-Ag Click Here NGM EARN-IN STRATEGIC LOCATION THE OPPORTUNITY 2024 OBJECTIVE US $10M earn-in agreement NGM budget of US $200k to ~4km down-strike of the Leeville Significant discovery poten
Slide 35: Nevada Gold Mines Earn-In
35 BLACK RIDGE Nevada Gold Mines Earn-In ▪ Deal structure provides Ridgeline with exposure to Black Ridge from discovery to project development with zero corporate dilution ▪ Second Ridgeline deal with NGM totaling US$40M in potential total expenditures across Black Ridge and Swift projects To view
Slide 36: Strategic Location
36 REN BLACK RIDGE 1.6Moz @ 6.6 g/t Au(9) Coyote (NGM) (100% RDG) Strategic Location Bell Creek (100% RDG) Black Ridge (NGM Earn-in) ▪ On-strike of NGM’s maiden inferred resource at Fallon (previously North Leeville) of 1.0 Moz. Au @ 11.3 g/t (9) Highlight Fallon Drill Intercepts Carlin Mine N 19 km
Slide 37: Leeville Schematic Long Section
37 BLACK RIDGE Leeville Schematic Long Section ▪ Nevada Gold Mines to spend US$200k on systematic field mapping, soil sampling and target generation in 2024 to support a maiden drill program in 2025 ▪ CE21-003 intersected unaltered Rodeo Creek Formation (a host at the Fallon discovery and Leeville -
Slide 38: 2024 Exploration Strategy
DIVERSIFIED PROJECT PIPELINE 38 2024 Exploration Strategy 100% OWNED- PORPHYRY CU Big Blue – Past Cu producer, RDG targeting porphyry Cu & CRD discoveries under shallow cover PARTNER PROJECTS Swift - $30M NGM earn-in August 2024 IP survey identified multiple Porphyry & Skarn targets Selena - $20M S3
Slide 39: Contact
39 PRESIDENT & CEO INVESTOR RELATIONS Chad Peters, P.Geo David Jan 775-304-9773 604-828-2255 cpeters@ridgelineminerals.com info@ridgelineminerals.com Icon Logo Description automatically generated Description automatically generated ridgelineminerals.com TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0 ridgelin
Slide 40: Directors & Advisors
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 40 Directors & Advisors Chad Peters, President, CEO & Director Duane Lo, CFO & Director 15 years of exploration and production experience. Co-founded 20+ years International accounting and financial management Ridgeline in 2018, former exploration manager for Pr
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