Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (September 2024)
39 slides from Ridgeline Minerals's investor presentation, Sep 11, 2024
Slide 1: Exploration Done Differently
1 Exploration Done Differently September 11, 2024 Corporate Deck TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0
Slide 2: Cautionary Statement 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: About Us: Ridgeline Minerals
3 ABOUT US Ridgeline Minerals Ridgeline is a US focused precious and base metal explorer with a portfolio of five highly prospective exploration projects in Nevada including three earn-in agreements (US $60M) with Nevada Gold Mines & South32 WORLD-CLASS $20M SOUTH32 $40M NEVADA GOLD LOCATIONS EARN-I
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 August 1, 2024 7.8% Management 109.7M Large Shareholders o Chad Peters – 3.3% Non-Diluted I/O o Stephens Investment Mgmt. o Rick Rule Cash ~ C$1.2M 2.9M 1.2M 26.9M o Merk Investments Options RSU/DSU Warrants o Extract Capital o EMX Royalt
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 South32 and NGM have the potential for similar trajectories if a discovery is made Source:
Slide 9: 5 Projects
Twin Creeks Midas BLACK RIDGE Turquoise Ridge BELL CREEK Carlin-Type Au 9 Carlin-Type Au South Arturo $10M Earn-In Wells Pinson CORE LAND POSITIONS Winnemucca Meikle Goldstrike Leeville-Turf Lone Tree Carlin Elko Mike 5 Projects Marigold Battle Mountain Gold Quarry Carlin BIG BLUE Porphyry Cu-Au 201
Slide 10: Big Blue
10 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 • H2 – Geophysical survey (IP) producing Delker and Skarn Hi
Slide 11: Historic Cu District
Delker Mine Produced 94k lbs. Cu @ 6.2% 11 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 12: Porphyry Zonation
12 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 13: Two Porphyry Centers
13 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 14: Map Showing IP Lines
14 BIG BLUE Map Showing IP 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 Big Blue (Ridgeline) Medicin
Slide 15: IP Line 71500N X-Sections
15 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 16: IP Line 72900N X-Section
16 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 17: Delker Porphyry Target – Cu Skarn
17 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 18: IP Line 70250N X-Section
18 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 19: Ohio Porphyry Target – VG
19 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 20: Selena
20 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 21: South32 Earn-In
21 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 22: Selena Discovery Potential
22 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 23: Selena CRD Checklist
23 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 24: District-Scale Property
24 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 25: Selena Porphyry Zonation
25 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 26: Chinchilla Long Section A-A’
26 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 27: Chinchilla Long Section A-A’ – 3D Mag Inversion
27 SELENA Chinchilla Long Section A-A’ – 3D Mag Inversion ▪ Strong magnetic highs at the Skarn and Chinchilla Sulfide targets represent a priority exploration target ▪ 2024 MT Survey (funded by South32) will be conducted over the Chinchilla Sulfide to target to refine deep drill targets Historical B
Slide 28: Chinchilla Sulfide Target vs Taylor Sulfide Deposit
28 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 29: Swift
29 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 signed District-scale land package on NGM targeting a 5+ Moz high- $3.0M NGM exploration budget with NGM (09-22-2021
Slide 30: Nevada Gold Mines Earn-In
30 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 31: Swift Discovery Potential
31 SWIFT Swift Project ($30M RDG-NGM JV) 75km² Discovery Potential Target Elder Creek PWC Project ($20M RLYG –Kinross JV) ▪ First 4 NGM framework holes (2021-2022) at Swift Greystone Clipper Robertson hit significant gold intercepts including: Pipeline ▪ 51.1m @ 0.19 g/t Au, Incl: 1.5m @ 1.51 g/t Au
Slide 32: Schematic Long Section A-A’
32 SWIFT Schematic Long Section A-A’ ▪ US $7.2M spent by NGM at Swift to-date with a US $3.0 drilling budget approved for 2024 – Q2-Q4 drilling (4-5 holes) A 9.1m @ 0.51g/t Au SWIFT - RDG NGM A’ SW23-005 3.0m @ 2.27 g/t Au 48.8m @ 0.45 g/t Au Incl: 18.3m @ 0.64 g/t Au SW20-003 3.4m @ 1.92 g/t Au Inc
Slide 33: Black Ridge
33 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 34: Nevada Gold Mines Earn-In
34 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 35: Strategic Location
35 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 36: Leeville Schematic Long Section
36 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 37: 2024 Exploration Strategy
DIVERSIFIED PROJECT PIPELINE 37 2024 Exploration Strategy 100% OWNED- PORPHYRY CU Big Blue – Past Cu producer, RDG targeting porphyry Cu & CRD discoveries under shallow cover PARTNER PROJECTS Selena - $20M S32 earn-in August 2024 IP survey identified multiple Porphyry & Skarn targets Swift - $30M NG
Slide 38: President & CEO / Investor Relations
38 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 39: Directors & Advisors
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 39 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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