American Pacific Mining Corp. · CSE:USGD
American Pacific Mining — Investor Presentation (December 2023)
30 slides from American Pacific Mining's investor presentation, December 2023
Slide 1: Three World-Class Partners on Western US Projects
THREE WORLD-CLASS PARTNERS ON WESTERN US PROJECTS DECEMBER 2023 AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF INVESTOR PRESENTATION
Slide 2: Forward Looking Statement
Forward Looking Statement All statements in this presentation, other than statements of historical fact, are "forward-looking information" with respect to American Pacific Mining Corp (APM) within the meaning of applicable securities laws including, without limitation economic estimates and statemen
Slide 3: About American Pacific Mining: Share Capital Structure
ABOUT AMERICAN PACIFIC MINING Share Capital Structure Institutional Investors 15% CSE:USGD Including: Ticker OTCQX:USGDF • Merk Investments • Ixios Asset Management • Palos Management Common Shares 196,588,052 • Intact Financial Michael Gentile 12% Options 13,432,529 Warrants 11,991,352 About Michae
Slide 4: American Pacific's Strategic Partners and JVs
EXPLORATION PARTNERS American Pacific’s Strategic Partners and JVs 2023 BUDGET (USD) BUDGET ANNOUNCEMENT 2024 BUDGET (USD) EXPECTED IN COMING MONTHS $25.5M $1.3M PALMER VMS PROJECT MADISON MINE ZIGGURAT PROJECT AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 4
Slide 5: What's Ahead
ABOUT AMERICAN PACIFIC MINING What’s Ahead ~CAD $36M in partner-funded exploration and development Drill program expected at Madison upon receipt of permits Drilling Palmer Q2/Q3, 2023 Drilling Ziggurat 2024 Drill results from multiple projects Q4, 2023 - Q1, 2024 Further potential JVs and M&A AMERI
Slide 6: AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 6
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 6
Slide 7: Palmer VMS Project
VMS DISCOVERY IN SOUTHEAST ALASKA, USA Palmer VMS Project Advancing a high-grade copper-zinc resource to feasibility with PEA Completed in June 2019 • 2019 PEA post-tax NPV@7% US$266M (US$505M) August 2022 spot prices) A L A S K A • ~C$19.9M transaction vs ~C$230M attributable NPV (Aug 2022) Definin
Slide 8: Located Within a Premier Mineral Belt
PALMER PALMER VMS PROJECT VMS Windy PROJECT Located Within a Craggy Deposit High way Skagway Port Premier Mineral Belt Haines Big Nugget Port Deposits are large and rich Project Tr ia ss Kensington ic Mine VM Rich mining district with 2 active mines ALASKA S Be Coeur Mining lt GREENS CREEK MINE Amon
Slide 9: Two High-Grade Deposits Copper-Zinc-Silver-Gold and Barite
PALMER VMS PROJECT Two High-Grade Deposits Copper-Zinc-Silver-Gold and Barite Tonnes Zn Cu Pb Ag Au Barite ZnEq CuEq Resource Deposit Cut-off Category (kt) (%) (%) (%) (g/t) (g/t) (BaSO4%) (%) (%) $75/t NSR Indicated 4,677 5.23 1.49 - 30.8 0.30 23.9 10.21 3.92 Palmer Deposit (South Wall & RW) $75/t
Slide 10: 2019 Preliminary Economic Assessment (PEA)
PALMER VMS PROJECT 2019 Preliminary Total Cash Flow pre-tax $738M undiscounted Economic Assessment NPV pre-tax NPV post-tax $354M at 7% discount rate $266M at 7% discount rate (PEA) IRR 24% pre-tax & 21% post-tax Life of Mine 11 years after 24-months of pre-production Major Milestone Achieved June 2
Slide 11: PFS & Underground Exploration Decision
PATH TO FEASIBILITY PFS & Underground (UG) Exploration Decision US $25.5M 2023 budget announced 01 Funded by Dowa Waste Management Permit in 04 Data analysis and infrastructure Support of Underground construction in support of advanced Updated Mineral Resource engineering studies Exploration Strateg
Slide 12: 2023 Program Achievements
PALMER VMS PROJECT 2023 Program Achievements Added experience to the Project Team in all disciplines – new senior level managers added in Safety, Environmental, Communications, Human Resources, Operations & Engineering and Geology, plus a new financial controller will be joining October, in preparat
Slide 13: 2023 Drill Program Results
PALMER VMS PROJECT 2023 Drill Program Results UPPER ZONE 1 CMR23-153 The assay results from these initial 23.4 m of 1.78% Cu and 13.73% Zn infill diamond drill holes are encouraging with elevated gold, silver and barite values, and support the mineral resource definition in the Southwall including 3
Slide 14: 2023 Drill Program Initial Results (continued)
PALMER VMS PROJECT 2023 Drill Program Initial Results (continued) UPPER ZONE 1 CMR23-162B 30.7 m of 2.59% Cu and 11.213% Zn including 6.53% Cu over 2.9 m CMR23-165 39.1 m of 1.44% Cu and 5.87% Zn and 25% barite CMR23-161 18.4 m of 1.61% Cu and 14.7 m of 2.66% Cu and 2.93% Zn GEOTECHNICAL GT23-024 10
Slide 15: North Wall Target
PALMER VMS PROJECT North Wall South Wall Target North Wall AMERICAN PACIFIC MINING CORP. PAGE 15
Slide 16: AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 16
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 16
Slide 17: Madison Mine
COPPER-GOLD IN MONTANA, USA Madison Mine USGD acquired the permitted Madison Copper Gold Mine from Madison Metals June 2020 Rio Tinto earning 70% interest with US$30M spend with USGD free carried Past production 2008 - 2012 of 2.7M lbs of copper with grades ranging from ~20% to over 35% copper and 7
Slide 18: Historical Drill Highlights
MADISON MINE HOLE ID Thickness (m) Au_g/t Cu% Historical Drill UG17-05 30.18 24.497 0.39 Highlights UG17-06 10.97 41.65 0.38 Exceptional grades allowed for mining UG17-06 including 4.60 82.87 Not significant with very basic methods & infrastructure 86-6 7.31 25.75 Not significant C05-06 14.69 12.10
Slide 19: Madison Project has Fortitude Characteristics
MADISON MINE Madison Deposit Fortitude Deposit Madison Project 2.5M oz Au Transposed to section at approximate scale has Fortitude Characteristics Fortitude deposit has 2.5M ounces gold AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 19
Slide 20: Madison Core 2017 Drilling
MADISON MINE Madison Core 2017 Drilling Hole C17-24 – latite porphyry Left: Carbonate-latite porphyry contact; note the chaotic folding and brecciation Right: Latite porphyry showing the phyllic alteration AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 20
Slide 21: Madison Ore
JASERPOID | NATIVE COPPER/CHALCOCITE | MASSIVE SULFIDE/SKARN Madison Ore JASPEROID/JASPER ORE NATIVE COPPER\CHALCOCITE ORE MASSIVE SULFIDE/SKARN ORE Grades: Grades: Grades: Hole 88-C9 (199'-213', 14 ft) Hole 94-5R (475'-485', 10 ft) Hole CO6-8 (401'-418.7',17.7 ft) Au= 0.53 opt Au= 0.020 opt Au= 0.6
Slide 22: AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 22
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 22
Slide 23: An Active District Being Developed and Explored by Majors
ZIGGURAT PROJECT N An active district ROUND MOUNTAIN MINE being developed and explored by Majors 2 0 km ZIGGURAT PROJECT km 42 KM ² LAND PACKAGE 13 GOLD HILL MINE 20 km from Kinross’ Round Mountain Mine (>15 Moz Au produced) 9.5 km Adjacent to Newmont’s Northumberland Mine (3.5 Moz Au, 11 Moz Ag pro
Slide 24: Ziggurat Project
N THE ROUND MOUNTAIN TREND IN NEVADA, USA Ziggurat Project Discovery Potential Shallow Cover USGD acquired the Ziggurat Project via the acquisition of Clearview Gold in May 2023 Located at the northern end of Round Mountain Trend – an active mining region in Nevada with several multi-million-ounce g
Slide 25: AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 25
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 25
Slide 26: Tuscarora District
TUSCARORA & DANNY BOY PROJECTS N Tuscarora District Rock Sample, Rock Sample, 882 g/t Au 2,850 g/t Au >10,000 g/t Ag 1,460 g/t Ag Historical District Production Rock Sample, Rock Sample, 42 g/t Au 15 g/t Au Rock Sample, 21 g/t Au The Tuscarora volcanic field is the largest 5.8 g/t Au 18 g/t Au examp
Slide 27: Well-rounded team with big company exploration and capital markets experience
MANAGEMENT & DIRECTORS: Well-rounded team with big company exploration and capital markets experience Warwick Smith Joness Lang Peter Mercer Alnesh Mohan Eric Saderholm CEO & DIRECTOR PRESIDENT SENIOR VP, ADVANCED PROJECTS CFO & DIRECTOR MANAGING DIRECTOR OF EXPLORATION Mr. Smith is a venture Mr. La
Slide 28: Well-rounded team with big company exploration and capital markets experience
DIRECTORS: Well-rounded team with big company exploration and capital markets experience Ken Cunningham Ali Hakimzadeh DIRECTOR INDEPENDENT DIRECTOR Mr. Cunningham brings 44+ years experience in worldwide diversified Ali is the Managing Partner of Sequoia Partners Inc., a capital markets advisory an
Slide 29: Key Takeaways
ABOUT AMERICAN PACIFIC MINING Key Takeaways Focused on high-grade projects in the western US that are attractive to majors Uniquely positioned with significant exploration work funded by partners (~C$30M in 2023 + >C$40M in 2024) Well-funded with $4M in cash and proceeds from exploration work at Pal
Slide 30: Contact Us
CONTACT US Kristina Pillon INVESTOR RELATIONS 604-908-1695 kristina@americanpacificmining.com AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF INVESTOR PRESENTATION
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