Metallic Minerals Corp. · TSXV:MMG

Metallic Minerals — Investor Presentation (April 2025)

50 slides from Metallic Minerals's investor presentation, April 2025

  1. Slide 1: Silver, Gold, Copper & Critical Minerals in La Plata and Keno Hill

    SILVER, GOLD, COPPER & CRITICAL MINERALS IN THE HIGH-GRADE LA PLATA AND KENO HILL MINING DISTRICTS CRITICAL MINERALS La Plata Project Colorado, USA Corporate Presentation April 2025 TSX.V: MMG | OTCQB: MMNGF 1

  2. Slide 2: Forward-Looking Information

    TSX-V: MMG OTCQB: MMNGF Forward-Looking Information Third-Party Information This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Where this presentation quotes any information or statistics from any external source, Metallic Minerals Inc

  3. Slide 3: Value Through Discovery

    TSX-V: MMG OTCQB: MMNGF COPPER, SILVER, GOLD & CRITICAL MINERALS: CRITICAL MINERALS Metallic Minerals is lead by an experienced management team with a track record of Tier 1 discoveries as co-founders of VALUE NovaGold and other leading companies. Our objective is to create shareholder value through

  4. Slide 4: The Metallic Group

    The Metallic Group A Collaboration of Leading, Independent Exploration Companies TSX.V: MMG TSX.V: PGE TSX.V: GCX OTCQB: MMNGF OTCQB: PGEZF OTCQB: GCXXF Experience with leading Building on a Proven Model for A Track Record of explorers, developers and Value Creation Discoveries producers Board and M

  5. Slide 5: The Metallic Group: Strategy & Approach

    The Metallic Group A Collaboration of Leading, Independent Exploration Companies TSX.V: MMG TSX.V: PGE TSX.V: GCX OTCQB: MMNGF OTCQB: PGEZF OTCQB: GCXXF Strategy & Approach to Business Built on the NovaGold Model Leadership Properties Acquisitions Technology Value Infrastructure Experienced Identify

  6. Slide 6: Track Record of Value Creation

    Track Record of Value Creation TSX-V: MMG OTCQB: MMNGF Metallic Group Team Experience with NovaGold – Discovery, Expansion and Advancement to Feasibility 1 Donlin1 Donlin2 Galore3 Ambler4 Resource Market Cap / Market Cap / Resource Market Cap / M&I Resource M&I Resource M&I Resource Growth Purchase

  7. Slide 7: Enterprise Value Increase

    Exploration / Development Value Curve Typical Enterprise Values by Stage Development Stages Resource Stage PEA Stage PFS Stage Feasibility Stage Production & Value Creation Strategic Equity Investment by Majors for projects that show exceptional potential Transition to Production Often a pause in va

  8. Slide 8: Leadership

    LEADERSHIP TSX-V: MMG OTCQB: MMNGF Greg Johnson Scott Petsel, P.Geo, MBA Rebecca Moriarty CPA, CA Chief Executive Officer & Board Chairman President Chief Financial Officer 35+ years experience in exploration and development of 35+ years experience in global exploration, mine geology, project CPA wi

  9. Slide 9: Newmont Strategic Investment

    NEWMONT STRATEGIC INVESTMENT TSX-V: MMG OTCQB: MMNGF La Plata Focused 9.5% Investment Announced May 2023: $6.3 million initial investment by Newcrest (acquired by Newmont in November 2023) at a subscription price of C$0.40 per unit. Additional $6.5 million in proceeds with exercise of the warrants a

  10. Slide 10: Leveraging geologic expertise and new technologies

    TSX-V: MMG OTCQB: MMNGF Leveraging geologic expertise and new technologies U.S. Geological Survey (USGS) and the Colorado Geological Survey and USGS 9.5% Strategic Investment have identified the La Plata district as an Colorado Geological Survey are Announced May 2023 mapping the historic La Plata m

  11. Slide 11: La Plata, Keno Silver and Klondike Gold

    TSX-V: MMG OTCQB: MMNGF LA PLATA KENO SILVER KLONDIKE GOLD COPPER-SILVER-GOLD PROJECT SILVER-LEAD-ZINC-GOLD PROJECT ALLUVIAL PRODUCTION Precious Metals Rich Porphyry High-Grade Silver Gold Royalties 1.21 Blbs Cu 18.2 Moz AgEq $$$ Royalty agreement in place with 2024 alluvial gold production 17.6 Moz

  12. Slide 12: La Plata

    TSX-V: MMG OTCQB: MMNGF LA PLATA COPPER-SILVER-GOLD-PGE PROJECT Updated NI 43-101 Inferred Resource Estimate Announced July 2023 1.21 BLBS CU1 17.6 MOZS AG1 1) See Metallic Minerals News Release July 31, 2023 on updated 43-101 Resource Estimate 12

  13. Slide 13: Annual Copper Supply/Demand

    TSX-V: MMG OTCQB: MMNGF PRODUCTION SHORTAGE FORECASTED Fewer major discoveries Operating mines are depleting, Demand is rising from have limited new production and global grades are declining electrification, modernizing the coming online grid, and global development Projected Global Copper Shortfal

  14. Slide 14: World Class Metallogenic Province for Copper, Silver, Gold, and Critical Minerals

    TSX-V: MMG OTCQB: MMNGF Rio Tinto Bingham Copper King Bingham Tintic Belt Cu-Au Canyon Continental Scale Structures (Gravity and Magnetics) Tintic District Henderson Climax World Class Metallogenic Global HQ Province for Copper, Silver, Central City Lisbon Valley Au Gold, and Critical Minerals Leadv

  15. Slide 15: Alkaline Porphyry Deposits

    TSX-V: MMG OTCQB: MMNGF Precious metal rich copper porphyries are cornerstone assets for the majors! Deposit class includes some of the world’s largest, highest-grade and longest-lived copper producers Rio Tinto Alkaline Porphyry Deposits Bingham Canyon (Utah, USA) Galore Creek (BC, Canada) P&P: 7 B

  16. Slide 16: A long history of mining in the La Plata district

    TSX-V: MMG OTCQB: MMNGF A long history of mining in the La Plata district  1700s: Silver discovered by Spanish explorers in La Plata Mountains  1870s – 1940s: High-grade silver and gold production from 90 different prospects and mines – all mines shut down during WWII  1950s – 1990s: Resurgence i

  17. Slide 17: La Plata – Potential District Scale Porphyry Corridor

    TSX-V: MMG OTCQB: MMNGF La Plata – Potential District Scale Porphyry Corridor La Plata 6km La Plata Allard Au >0.1g/t in soils Cu >500ppm in soils 0.2% CuEq (Cu & Mo >20ppm in soils Ag) cut off Cadia Similarities to other large scale precious metals rich alkalic porphyry deposits Red Chris 17 2021 h

  18. Slide 18: Precious Metals Rich Copper Porphyry and Associated High-Grade Epithermal Systems

    TSX-V: MMG OTCQB: MMNGF La Plata Project Schematic Cross Section DISTRICT TARGET STYLES: Precious Metals Rich Copper • Alkalic porphyry Cu-Ag-Au-PGE deposits Porphyry and Associated High- • Proximal Cu-Ag-Au-PGE skarn/replacement zones • Proximal Ag-Pb-Zn +/- Au, Cu vein deposits Grade Epithermal Sy

  19. Slide 19: La Plata Project Plan Map with Significant Drill Intervals

    La Plata Project C’ 2023 Allard Allard Resource Area Drillhole Traces = CuEq (%) LAP23-08* Inferred Mineral N 551m @ 0.28% CuEq 2 Incl. 72 m @ 0.51% CuEq 2 112.8m @ 0.40% Cu Open Resource ending in mineralization La Plata * CuEq (%) includes a metal recovery factor CA-01 Open AC-08 Project Plan 88 D

  20. Slide 20: Isometric Section Looking WSW

    ISOMETRIC SECTION LOOKING WSW TSX-V: MMG OTCQB: MMNGF 2 2 2 1 1 1 1 2 2 2 2 2 20 1) See Metallic Minerals News Release February 28, 2023 on 2022 drill results 2) See Metallic News Release April 16, 2024 on 2023 drill results 20

  21. Slide 21: N-S Section C-C'

    N - S SECTION C-C’ TSX-V: MMG OTCQB: MMNGF Legend C’ S Looking W Renegade Zone N Rp – Rhomb Porphyry 1.98% CuEq*2 Sy 4 – Grey Syenite Copper Age Mz – Monzonite Sy 3 – Mafic Syenite C Allard Sy 2 – Syenite Breccia C-01 BMz 112.8m @ 0.40% Cu ? Sy 1 – Coarse Megacrystic Syenite ending in mineralization

  22. Slide 22: La Plata Project Significant Drill Intercepts

    TSX-V: MMG OTCQB: MMNGF Drill From Length Au-PGE To (m) CuEq %4 Cu % Ag g/t Au g/t Pt g/t Pd g/t La Plata Project Hole (m) (m) g/t LAP23-08 87 638 551 0.28 0.25 2.17 0.029 0.009 0.02 0.058 Significant Drill Intercepts including 639 711 72 0.51 0.47 4.12 0.029 0.014 0.036 0.079 LAP23-06 221 803 582 0

  23. Slide 23: LAP22-04 Significant intercepts

    TSX-V: MMG OTCQB: MMNGF Length Au-PGE Drill Hole From (m) To (m) CuEq %4 Cu % Ag g/t Au g/t Pt g/t Pd g/t LAP22-04 (m) g/t LAP22-04 0.0 815.95 815.95 0.41 0.30 2.48 0.038 0.055 0.093 0.186 Significant intercepts 141.73 239.27 97.54 0.31 0.29 2.51 0.029 0.004 0.015 0.048 304.8 815.95 511.15 0.51 0.36

  24. Slide 24: District Scale Alteration Footprint

    TSX-V: MMG OTCQB: MMNGF DISTRICT SCALE ALTERATION FOOTPRINT La Plata Project Area looking South Mancos, Co Red Arrow Mine Allard Resource 25 km2 Porphyry Alteration Signature Allard Tunnel Morningstar Renegade Zone Copper Hill East Mancos 500m 24 24

  25. Slide 25: La Plata surface rock samples over soil geochemistry contours

    TSX-V: MMG OTCQB: MMNGF • La Plata Project showing surface rock sample results over soil geochemistry contours • Copper >200 ppm Gold >0.1 ppm 1.90% Cu, Rock (% CuEq) • High Au-Ag-Te epithermal 0.39 g/t Au 2024 Pre-2024 mineralization in veins, replacements, skarns and breccias (represented by Au >0

  26. Slide 26: Updated NI 43-101 Inferred Mineral Resource Estimate

    TSX-V: MMG OTCQB: MMNGF Updated NI 43-101 Inferred Mineral Resource Estimate Announced July 2023 La Plata 2023 updated Inferred Mineral Resource Estimate Cut-off Grade = 0.25% CuEq (Sensitivity Analysis Shown at Various CuEq Cut-off Grades) 1.21 B LBS CU1 Class CuEq (%) Cut-off Tonnes Cu Grade (%) M

  27. Slide 27: PGEs, Gold, Silver, Tellurium and Rare Earths

    TSX-V: MMG OTCQB: MMNGF Metallic Tellurium Platinum Group Elements (PGEs)  PGE minerals identified at La Plata as early as 1938  Allard Resource – now recognized as having one of the highest PGE content of any global porphyry system  High-grade copper, platinum and palladium in multiple additiona

  28. Slide 28: Keno Silver

    TSX-V: MMG OTCQB: MMNGF KENO SILVER SILVER-LEAD-ZINC-GOLD PROJECT Inaugural NI 43-101 Inferred Resource Estimate Announced Feb. 2024 18.2 MOZ AGEQ1 (120 g/t Ag, 0.10 g/t Au, 0.80% Pb, 1.77% Zn) 28 1) See Metallic News Release February 26,2024

  29. Slide 29: Yukon: Access and Power Infrastructure

    TSX-V: MMG OTCQB: MMNGF Excellent access & power infrastructure KENO SILVER PROJECT ALLUVIAL GOLD Mining is the Yukon’s #1 economic sector with a well-defined regulatory system ALASKA Keno City Existing road access along Yukon highway 11 and 2 Yukon Canada NORTHWEST TERRITORIES Deep sea, year-round

  30. Slide 30: Keno Hill Mill Complex

    TSX-V: MMG OTCQB: MMNGF Keno Hill Mill Complex • Hecla completed acquisition of Alexco Resources in September 2022 • Keno is the highest grade mine in Hecla’s portfolio and will be Canada’s largest silver producer • Production restarted in Q3 2023, ramping to commercial production 2025 Keno Hill Hig

  31. Slide 31: Typical High-Grade Silver, Lead and Zinc Vein Systems

    TSX-V: MMG OTCQB: MMNGF Typical High-Grade Silver, Lead and Zinc Vein Systems High-grade Ag-Pb-Zn Vein  Deposits occur along major Keno Hill structural trends, with Quartzite mineralization in quartzite and greenstone host rocks  Typical mineralization is 1-5 Second-Phase Folding meters in width o

  32. Slide 32: Keno Hill District Map

    WESTERNWestern KENOKeno HILL HillDISTRICT District Central Keno Hill District EASTERN KENO HILL DISTRICT Eastern Keno Hill District (205 Moz Ag) (220 Moz 1,2 Ag) 1,2 (100 Moz Ag) 1,2 (New Discoveries) (New Discoveries) N Cobalt Hill West Avenue Beauvette Cobalt Fox 2020 Rumtum Formo Sadie Vancouver

  33. Slide 33: Keno Silver 2024 Inaugural Inferred Mineral Resource Estimate

    TSX-V: MMG OTCQB: MMNGF Inaugural NI 43-101 Inferred Mineral Resource Estimate Announced Feb. 2024 Keno Silver 2024 Inaugural Inferred Mineral Resource Estimate Cut-off Grade = 50 g/t AgEq open-pit & 150 g/t AgEq underground 18.2 MOZS Deposit Cut-off Grade (AgEq Tonnes AgEq (g/t) Ag (g/t) Au (g/t) P

  34. Slide 34: Historic producer, Formo is primary host of current resources

    TSX-V: MMG OTCQB: MMNGF Formo WEST KENO HILL SILVER DISTRICT Historic producer, Formo is Cream and Jean primary host of current resources N Miller Galkeno Sime Keno No Cash Hector- City  The Formo deposit hosts 12.8 Moz AgEq1 Husky Dixie Calumet Eagle Flame & (206 g/t Ag, 0.08 g/t Au, 1.52% Pb, 2.7

  35. Slide 35: Formo Zone Cross Section

    TSX-V: MMG OTCQB: MMNGF Formo Zone Cross Section – Looking NE 135m Section Slice SE Formo Zone NW 900 m FOR20-006: 2.2m @ 740.6 g/t Ag Eq1 Incl. 0.7m @ 2,255.9 g/t Ag Eq1 800 m FOR21-06: 11.4m @ 413.7 g/t Ag Eq2 Drill Hole Samples Incl. 4.6m @ 938.3 g/t Ag Eq2 g/t Ag Eq. and 1m @ 3,229.9 g/t Ag Eq2

  36. Slide 36: Caribou, Homestake Deposits and Nabob Target

    TSX-V: MMG OTCQB: MMNGF CENTRAL KENO HILL SILVER DISTRICT Caribou, Homestake Deposits and Avenue Beauvette Nabob Target N Vancouver Vancouver Rumtum Bounty  Caribou – currently hosts 2.8 Moz AgEq2 (94 g/t Ag, 0.09 g/t Blanco Teach Silver Basin Lightning Creek Au, 0.50% Pb, 0.82% Zn) Inferred Resour

  37. Slide 37: Bulk Minable Potential at Fox Deposit

    TSX-V: MMG OTCQB: MMNGF EASTERN KENO HILL SILVER DISTRICT Cobalt Bulk Minable Potential as starter West Cobalt N Beauvette Avenue resource defined at Fox Deposit Vancouver Bounty Rumtum  Historically an unconsolidated and underexplored area with Teach Silver Basin Lightning common geologic setting

  38. Slide 38: Klondike Gold

    KLONDIKE GOLD ALLUVIAL ROYALTY PROJECT Production Royalties Continued in 2024 Focus on new pit development for expanded production in 2025

  39. Slide 39: Klondike Gold

    KLONDIKE GOLD TSX-V: MMG OTCQB: MMNGF >1000 oz of 2023 Gold production1 on alluvial gold claims at Metallic’s Australia Creek property in the Klondike Gold District. Parker Schnabel Parker Schnabel holds nugget gold from Australia Creek 1) 2023 gold production from Australia Creek TSX: PGE.V OTCQB:

  40. Slide 40: Revenue Generating Production Royalties in Place

    TSX-V: MMG OTCQB: MMNGF Revenue Generating Production Royalties in Place Royalty gold production began in August 2023 on Australia Creek. Royalties continued in 2024 with focus on new pit development for expanded production in 2025 10-15% 10+ Royalties to be Operations will received by Metallic pote

  41. Slide 41: Milestones and Upcoming Catalysts

    TSX-V: MMG OTCQB: MMNGF 2024 Milestones LA PLATA • Inaugural Keno Inaugural resource Colorado Exploration Resource New Target Updated Project & Target Resource Expansion Prioritization Resource Acquisition Development Estimate Estimate • Alluvial royalty production 2016 - 2018 2019 2020 2021 2022 20

  42. Slide 42: World Class Asset Checklist

    TSX-V: MMG OTCQB: MMNGF WORLD CLASS INVESTMENT OPPORTUNITY Experienced Leadership Proven track record of discovery, growth and advancement of Tier 1 assets World Class Asset Backed by Strategic Investors Checklist Opportunity to co-invest along with Newmont Mining and Eric Sprott Potential for Rapid

  43. Slide 43: Venture Index and GDX vs Gold Since 2009

    TSX-V: MMG OTCQB: MMNGF Venture Index and GDX vs Gold Since 2009 Spot 2025 Current Levels Gold Gold 3236 +70% higher than 2011 GDX 50 34% below 2011 levels GDX Venture 615 400% below 2011 levels Large Cap ETF 2011 Price Levels: Gold 1900 Venture Index GDX 67 Venture 2400 4x CDNX Venture Small Cap In

  44. Slide 44: Strategic Investments & Relative Performance

    TSX-V: MMG OTCQB: MMNGF GOLD Strategic Investments SILVER & RELATIVE PERFORMANCE COPPER MMG.V Venture Index Recent Share Price (as of April 11, 2025) C$0.265 Shares Issued & Outstanding 170M Options (avg. price: $0.34) 16.5M SHAREHOLDER COMPOSITION* Mgmt / Newmont Insiders Eric Sprott Warrants (avg.

  45. Slide 45: ESG

    TSX-V: MMG OTCQB: MMNGF ESG GOAL Stay up to date on best ESG practices, creating transparent goals which follow clear requirements to ensure accountability to all stakeholders Metallic Minerals We shall seek to follow SASB Sustainability Disclosure Topics such as: aims to sustainably advance mineral

  46. Slide 46: Major Commodity Cycles over Last 50 years

    TSX-V: MMG OTCQB: MMNGF Major Commodity Cycles over Last 50 years Current levels TSX: PGE.V 46 OTCQB: 46 PGEZF FSE: 5D32

  47. Slide 47: Commodity Sub-Indices vs S&P 500 Since 1995

    TSX-V: MMG OTCQB: MMNGF Goldman Sachs Commodity Sub-Index for Precious Metals, Base Metals and Energy vs S&P 500 Since 1995 Last Commodity Cycle Peak GSCI Base Metals Sub-Index GSCI Precious Metals Sub-Index Precious Metals / S&P500 GSCI Energy Sub-Index Base Metals / S&P500 Long Term Mean Base meta

  48. Slide 48: Keno Hill Silver District – Hecla Mining

    TSX-V: MMG OTCQB: MMNGF Keno Hill Silver District – Hecla Mining The term “reserve” means an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is

  49. Slide 49: Metal Equivalency Statements

    TSX-V: MMG OTCQB: MMNGF Metal Equivalency Statements Metallic Minerals metal equivalent calculation for reporting purposes only. Mineral Resources The Mineral Resource estimates are in conformity with CIM Estimation of Mineral For all La Plata Project reporting of copper-equivalency the value is cal

  50. Slide 50: Contact Information

    TSX-V: MMG OTCQB: MMNGF FSE: 9MM1 CONTACT INFORMATION Corporate Head Office: Yukon Office: WWW.METALLIC-MINERALS.COM 904 – 409 Granville Street 3151C Third Ave. Vancouver, BC V6C 1T2 Whitehorse, YT - Y1A 1G1 Phone: 604-629-7800 PO Box 31215 Whitehorse, YT - Y1A 5P7 Toll Free: 888-570-4420 Email: inf

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