Stillwater Critical Minerals Corp · TSXV:PGE
Stillwater Critical Minerals — Investor Presentation (January 2023)
30 slides from Stillwater Critical Minerals's investor presentation, January 2023
Slide 1: The Future of Critical Minerals Supply
TSX-V: PGE OTCQB: PGEZF FSE: 5D32 The Future of Critical Minerals Supply JANUARY 2023 TSX: PGE.V CRITICALMINERALS.COM 1 OTCQB: PGEZF FSE: 5D32
Slide 2: Forward-looking statements
Forward-looking statements TSX-V: PGE OTCQB: PGEZF FSE: 5D32 FORWARD-LOOKING INFORMATION CAUTIONARY NOTE TO U.S. INVESTORS REGARDING This presentation contains certain forward-looking statements that reflect the current views and/or RESOURCE ESTIMATES expectations of Stillwater Critical Minerals Cor
Slide 3: The Metallic Group
The Metallic Group A Collaboration of Leading, Independent Exploration Companies Strategy & Approach to Business Leadership Properties Acquisitions Technology Value Infrastructure Highly Identify and Make acquisitions Apply systematic Create long Existing experienced acquire during the lows in explo
Slide 4: Securing U.S. Critical Minerals
TSX-V: PGE OTCQB: PGEZF FSE: 5D32 ABOUT US “ As the world transitions to a clean energy economy, global demand for these critical minerals is set to skyrocket by 400-600 percent over the next several decades…” Securing U.S. The White House, Feb 2022 Critical Minerals Stillwater Critical Minerals is
Slide 5: A Proven Track Record
TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Management and Directors Michael Rowley Greg Johnson President & CEO, Director Executive Chairman A Proven Co-founder of Stillwater Critical Minerals with 30 years executive experience in the exploration, mineral processing, and mine environmental industries 30 year
Slide 6: Technical Team and Industry Partners
Technical Team TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Industry Partners United States Geological Arca is working to stop – and Cornell University is tackling Goldspot uses AI to produce Survey has decades of reverse – climate change by climate change and critical Smart Targets – drill holes experience in
Slide 7: Project Portfolio & Strategy
Project Portfolio & Strategy TSX-V: PGE OTCQB: PGEZF FSE: 5D32 • District-scale assets KLUANE PGE-NI-CU PROJECT Adjoins Nickel Creek Platinum • Adjacent to world-class mines/deposits • 100% ownership on all projects • Substantial databases, new geologic models, world-class teams DRAYTON-BLACK LAKE P
Slide 8: High-Demand Critical Minerals
TSX-V: PGE OTCQB: PGEZF FSE: 5D32 OUR METALS High-Demand Critical Minerals NICKEL PGEs COPPER GOLD Nickel demand is being driven Platinum is the preferred catalyst for By the end of decade EVs are 395 Koz gold in the Jan 2023 by the growing EV industry the production of green hydrogen. projected to
Slide 9: The Need For Domestic Supply of Critical Minerals
TSX-V: PGE OTCQB: PGEZF FSE: 5D32 DOMESTIC DEMAND The Need For Domestic Supply of Critical Minerals Deglobalization, Climate Environmental and National security Concerns and Electrification Humanitarian concerns concerns The trend towards domestic Most platinum comes from South China controls
Slide 10: Resource Estimate
Resource Estimate TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Stillwater West NI 43-101 62% Resource expansion announced Nickel Copper Cobalt Platinum Palladium Rhodium Gold Jan 2023 Base Case Bulk Tonnage Contained Metal BASE CASE Total BASE CASE 0.20% NiEq cut-off 255 Mt 1.64 Blbs Battery Metals (equals 0.6
Slide 11: High-demand commodities
High-demand commodities TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Attractive ‘Internally Hedged’ Blend of Commodities Platinum Group Elements (PGEs) Stillwater West Commodities by Value1 Gross value and contained metal at 0.20% NiEq cut-off per January 2023 Resource Estimate2 Rhodium, 5.5% 115 Koz Gold, 3.4
Slide 12: Montana - Resource Industries
TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Montana - Resource Industries ALBERTA Long history of mineral wealth: • Oil, gas, coal, and mining are major revenues for the state • 1852 gold rush • Dominant North American copper producer by WWI Hog Heaven (Ag, Au, Cu, Pb, Zn) • Large-scale copper mining and Ivan
Slide 13: Stillwater complex
Stillwater complex TSX-V: PGE OTCQB: PGEZF FSE: 5D32 A rich history of critical mineral production STILLWATER MINE (Sibanye-Stillwater) • 1880s – High-grade Ni, Cu mining • 1940s/50s – High-grade Cr production • Starting 1986 – Production of high-grade Pt, Pd, other metals from select underground mi
Slide 14: Stillwater West
Stillwater west TSX-V: PGE OTCQB: PGEZF FSE: 5D32 District – Mines, Infrastructure and Land Status Montana, USA 100% STILLWATER WEST owned • Acquired 2017-2021 Large 61 km2 • Reef and Platreef-style targets, also high-grade gold Smelter, Refinery & Recycling claim block • Five Platreef-style PGE-Ni-
Slide 15: Stillwater Complex
Stillwater Complex TSX-V: PGE OTCQB: PGEZF FSE: 5D32 LAYERED MAGMATIC COMPLEX (8KM THICK X 40KM LONG) Target km SWCM SIBANYE-STILLWATER SWCM Schematic 0 HGR South Hybrid Section & CZ North Geologic Current Mining 1 Operations (up to 2.2 km 2023 DEPOSITS depth) Picket Pin Reef Models LOWER (SWCM) BAN
Slide 16: Stillwater and Bushveld Comparison
Stillwater AND STILLWATER andBUSHVELD Bushveld TSX-V: PGE OTCQB: PGEZF FSE: 5D32 COMPARISON Comparison Comparative Mineralization Type West & East Limbs Stillwater North Limb Bushveld Stratigraphy High-Grade Reef Deposits • Merensky Reef (Sibanye, Anglo and others) Bushveld Complex Complex Complex 6
Slide 17: Open For Expansion Across 12km Core Area
Stillwater West TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Open For Expansion Across 12km Core Area CENTRAL DEPOSIT: • Base case: 20Mt @ 0.32% NiEq (0.99 g/t PdEq) * HGR DEPOSIT: • High-grade: 0.4Mt @ 0.77% NiEq (2.36 g/t PdEq)* • Base case: 58Mt @ 0.46% NiEq (1.42 g/t PdEq)* Large conductivity and • High-gr
Slide 18: Stillwater West Drill Results
Stillwater West TSX-V: PGE OTCQB: PGEZF FSE: 5D32 DRILL RESULTS Expansion Drill Results with 2023 Resources Over Geophysics Reported as Total Equivalent Grade-Thickness (Ni and Pd) Full 3E Data Base Metal GEOLOGIC BOUNDARIES: BAN NiEq %-m Data Only Data Only PdEq g-m BAN – Banded Series < 10 < 25 BZ
Slide 19: Stillwater West Soil Geochemistry and Drill Results
Stillwater West TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Expansion Drill Results with 2023 Resources Over Multi-Kilometer-Scale Metals-in-Soil Anomalies Palladium-Platinum-Gold SOIL GEOCHEMISTRY BAN Pt + Pd + Au (ppb) Palladium-Platinum-Gold in Soil >200 75 – 200 50 – 75 25 – 50 BAN HGR BZ 15 – 25 5 – 15 B
Slide 20: 2023 Resource Outlines Over Geology
Stillwater West TSX-V: PGE OTCQB: PGEZF FSE: 5D32 2023 Resource Outlines Over Geology DRILL RESULTS Reported as Total Equivalent Grade-Thickness (Ni and Pd) Full 3E Data Base Metal NiEq %-m Data Only Data Only PdEq g-m < 10 < 25 10 - 20 25 - 50 20 - 35 50 - 100 35 - 75 100 - 200 HGR > 75 > 200 Block
Slide 21: District Scale System
Stillwater West TSX-V: PGE OTCQB: PGEZF FSE: 5D32 District Scale System Fugro DIGHEM EM Survey (Conductivity) 56kHz Apparent Resistivity (ohm-meters) <75 - 14 multi-kilometer exploration target areas across 25km property - 150 Conductance 200 800 1500 2500 >5000 14 target areas defined by major cond
Slide 22: Soil Geochemistry
Stillwater West TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Soil Geochemistry PRECIOUS METALS (Pt, Pd, Au) SOIL GEOCHEMISTRY Highly anomalous precious Pt + Pd + Au (ppb) 2019 survey 2006 survey and base metal values cover >200 25km strike in lower Stillwater 75 – 200 50 – 75 BAN stratigraphy 25 – 50 HGR BZ 15
Slide 23: Kilometer-Scale Magmatic Targets
Stillwater west TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Kilometer-Scale Magmatic Targets in a Famously Metal-Rich District J-M Reef Deposit (Sibanye-Stillwater) MVI Susceptibility Chrome Wild West Mountain Iron CZ Mountain Magmatic Targets Crescent Magmatic Targets 2 km depth Long-section through Stillwat
Slide 24: Milestones and Catalysts
Milestones and Catalysts TSX-V: PGE OTCQB: PGEZF FSE: 5D32 2020 • Chrome Mountain drill program • IP survey and 3D model over core 9.2km area 2019 • Drill-defined Platreef-style mineralization modeled in four target areas • Discovery of four new multi-kilometre-scale soil anomalies • Iron Mtn drill
Slide 25: Capital structure & Relative Share Performance
Capital structure TSX-V: PGE OTCQB: PGEZF FSE: 5D32 & Relative Share Performance Visibility to over $4M: • Approx. $3M cash and JJNTF - Nickel ETF equivalents PPLT – Platinum ETF • ~$1M in-the-money warrants and options Securities: PGE.V PGE.V – STILLWATER CRITICAL MINERALS • 3.9M Heritage Mining CD
Slide 26: Drayton - Black Lake
Drayton - Black Lake TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Earn-In Deal With Heritage Mining on High-Grade Gold Project in Active Rainy River District OVERVIEW • 142 km2 land package adjoining Treasury Metals’ +3Moz Goliath Gold Complex Stillwater Critical Minerals • 30km of underexplored Archean greens
Slide 27: Kluane PGE-Ni-Cu project
Kluane PGE-Ni-Cu project TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Premier land position in an emerging, world-class Canadian PGE-Ni-Cu district OVERVIEW • Kluane Mafic-Ultramafic belt extends 600 km from northern British Columbia to central Alaska and hosts known PGE-Ni-Cu deposits Kluane PGE-Ni-Cu Project
Slide 28: Leadership Team
Leadership Team TSX-V: PGE OTCQB: PGEZF FSE: 5D32 “ Harry Burgess, P.Eng. 40+ years of mine engineering and management experience including senior positions with Anglo-American and others in Zambia and South Advisor, Mining & Mine Engineering Africa Co-founder of Micon International Limited Gart
Slide 29: Summary
Summary TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Stillwater West Project Company • NI 43-101-compliant mineral resource estimate of • Timing - Growth stage company 1.6Blbs Ni, Cu, and Co, plus 3.8Moz Pd, Pt, Rh and Au* • People - Veteran management and technical teams • District-scale asset, 100% owned • P
Slide 30: Stillwater Critical Minerals Corp.
TSX-V: PGE OTCQB: PGEZF FSE: 5D32 Stillwater Critical Minerals Corp. Suite 904 - 409 Granville Street Vancouver, BC, Canada, V6C 1T2 Email: info@criticalminerals.com Tel: 604.357.4790 Toll Free: 888.432.0075 CRITICALMINERALS.COM @Stillwater_CM TSX: PGE.V 30 OTCQB: PGEZF FSE: 5D32
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