Maple Gold Mines Ltd · TSXV:MGM
Maple Gold Mines — Investor Presentation (July 2020)
33 slides from Maple Gold Mines's investor presentation, July 2020
Slide 1: Investor Presentation – July 2020
INVESTOR PRESENTATION – JULY 2020
Slide 2: Disclaimer
DISCLAIMER Cautionary Notes Regarding Forward-Looking Statements This Corporate Presentation (“Presentation”) includes “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legisl
Slide 3: The Case for Gold: Loose monetary policy
THE CASE FOR GOLD Loose monetary policy with no end in sight Gold has a strong negative correlation to US real interest rate Spot gold prices (LS) vs US 10-year TIPS (RS, inverted) Source: BMO PAGE 3
Slide 4: The Case for Gold: Supply Side
THE CASE FOR GOLD SUPPLY SIDE PEAK PRODUCTION NEAR? S&P GLOBAL PREDICTS GLOBAL GOLD OUTPUT WILL BEGIN DECLINING BY 2022 “We’re right at peak gold here” -Ian Telfer (former Chairman of Goldcorp) Source: Visual Capitalist Source: Financial Post PAGE 4
Slide 5: The Case for Gold Equities
THE CASE FOR GOLD EQUITIES Rising gold prices and falling costs point to rising margins and positive FCF yields for gold producers Advanced gold exploration companies with established resources stand to benefit as the balance sheets for producers strengthen and industry consolidation continues (2019
Slide 6: Maple Gold Mines: Investor Checklist
MAPLE GOLD MINES: INVESTOR CHECKLIST PREMIER MINING JURISDICTION Quebec ranked 4th best jurisdiction for mining investment in the world* LARGE ESTABLISHED GOLD RESOURCE 0.422M Indicated ounces & 2.352M Inferred ounces** EXCELLENT INFRASTRUCTURE Major highway and power right to the project, skilled l
Slide 7: 2020 Objectives: H1 Recap & Outlook
2020 OBJECTIVES: H1 RECAP & OUTLOOK Douay Resource Area (i) define additional near-surface ounces (ii) upgrade resource category for western Porphyry Zone (iii) optimize by converting select blocks of excluded to inferred & (iv) advance and test most compelling targets where large drilling gaps exis
Slide 8: $10B in Gold Transactions in the Abitibi
$10B IN GOLD TRANSACTIONS IN THE ABITIBI (SINCE 2013) PP/OZ Price paid per ounce of reserves *DETOUR: Abitibi Greenstone Belt and resources ($/OZ) $4.9B (2020) PP/OZ: $231 MGM: MC/OZ ~$7 CAD LAKESHORE GOLD: OSISKO: $945M (2016) $3.91B** (2014) PP/OZ: $62 PP/OZ: $208 INTEGRA: PROBE: AURIZON: $590M (2
Slide 9: Location, Infrastructure & Nearby Deposits
LOCATION, INFRASTRUCTURE & NEARBY DEPOSITS Douay Gold Project* Indicated: 422,000 @ 1.52 g/t Au Inferred: 2,352,000 @ 1.03 g/t Au 355 km2 Project *Contained gold (open pit + underground) from resource estimate at 0.45 g/t (OP) and 1 g/t (UG) cut-off grades (PR Oct 24, 2019) PAGE 9
Slide 10: Established Gold Resource
ESTABLISHED GOLD RESOURCE Pit-Constrained & Underground Mineral Resource Estimate (RPA 2019) Grade Contained Metal Category Tonnage (Mt) (Au g/t) (000 oz Au) Pit Constrained Mineral Resources Indicated 8.6 1.52 422 Inferred 65.8 0.97 2,045 Underground Mineral Resources Inferred 5.4 1.75 307 Total Mi
Slide 11: Sensitivity Analysis - Cutoff Grade
SENSITIVITY ANALYSIS - CUTOFF GRADE Pit-constrained Resources only Pit Indicated Pit Inferred Cut-off Tonnes Grade Metal Content Cut-off Tonnes Grade Metal Content g/t Mt Au (g/t) Au (koz) g/t Mt Au (g/t) Au (koz) 0.25 11.6 1.22 454 0.25 116.5 0.69 2596 0.35 9.9 1.38 438 0.35 86.6 0.83 2311 0.45 8.6
Slide 12: Exploration Potential (In-Pit Stepouts & Gap Areas)
EXPLORATION POTENTIAL (IN-PIT STEPOUTS & GAP AREAS) NW Zone N Nika Zone 400m Central Zone Douay West Zone Main Zone Au g/t Porphyry Zone Z20 Z10 531 Zone -Further drilling could expand higher grade areas on edge of current resource, as has happened at 531 and NW Zones -Significant drilling gaps (hun
Slide 13: 2020 Highlights To-Date
2020 HIGHLIGHTS TO-DATE NW ZONE: (DO-20-272) 3.4m @ 4.16 g/t Au, 20m @ 1.15 g/t Au *Area not drilled since 1990’s. New near surface intercepts and wide open to east/west. PORPHYRY ZONE WEST: (DO-20-283) 17m @ 1.91 g/t Au, 7m @ 1.06 g/t Au, 5m @ 0.89 g/t Au (DO-20-281) 75m @ 1.23 g/t Au (including 31
Slide 14: 2020 Drill Plan Overview
2020 DRILL PLAN OVERVIEW NW Zone N Nika Zone 500m Porphyry Zone 531 Zone Conceptual Pits (RPA ‘19) Historical Intercepts 2020 collars, drilled 2020 collars, undrilled 2020 sites, postponed 4,369m drilled in 13 holes + one extension. Program reduced to preserve financial flexibility and ultimately st
Slide 15: Near-Surface Gold Zones Intersected in Single NW Zone Drill Hole
NEAR-SURFACE GOLD ZONES INTERSECTED IN SINGLE NW ZONE DRILL HOLE + SEVERAL UNTESTED GAP AREAS NW Zone DO-20-272 Intercepts: 3.4m @ 4.16 g/t Au & 20m @ 1.15 g/t Au N (starting from 39m) DO-20-272 Undrilled Target areas 300m Updated Gold Zone Conceptual Pits (RPA‘19) Historical Au Intercepts 2020 site
Slide 16: NW Zone: Opportunity to Add Near-Surface Ounces
NW ZONE: OPPORTUNITY TO ADD NEAR-SURFACE OUNCES Several shallow ~150m drill holes are warranted to test the extent of near-surface mineralization in this area. DO-20-272 was a 100m step-out drillhole to the west of a historical near surface intercept from 1994. No drilling for 200m to the west of DO
Slide 17: Multiple Gold Zones Intersected in Western Part of Porphyry Zone
MULTIPLE GOLD ZONES INTERSECTED IN WESTERN PART OF PORPHYRY ZONE DO-20-283 Intercepts N Undrilled Target areas Porphyry Zone 250m DO-20-280 DO-20-283 DO-20-281 Conceptual Pits (RPA‘19) Historical Au Intercepts 2020 sites drilled Historical drillholes Historical intercepts in western Porphyry Zone in
Slide 18: 2020 Drilling at Porphyry Zone (West)
2020 DRILLING AT PORPHYRY ZONE (WEST) PAGE 18
Slide 19: Western Porphyry Zone: Highlighting Indicated Blocks
WESTERN PORPHYRY ZONE: HIGHLIGHTING INDICATED BLOCKS For 3D movie: https://bit.ly/2YJRQla PAGE 19
Slide 20: Planned New Drilling at 531 – Targeting High-Grade
PLANNED NEW DRILLING AT 531 – TARGETING HIGH-GRADE Main Zone N 300m 531 Zone DO-19-262: 28m @ 2.6 g/t Au 51m @ 2.8 g/t Au RPA 2019 Pits DO-20-270 Higher Grade DO-20-269 Historical Au intercepts Historical Collars Planned 2020 collars Drilling gaps along trend from exceptional results in 2019 represe
Slide 21: New IP Targets with Significant Drilling Gaps
NEW IP TARGETS WITH SIGNIFICANT DRILLING GAPS New N Target? • 2020 3D IP confirmed anomalous chargeability associated with 531 Zone Main Zone Au mineralisation • Anomalous chargeability Porphyry extends significantly Zone further to ESE, and DO-20-262X probably W, than currently known Au mineralisat
Slide 22: Future Plans: AI Targets (Past Study)
FUTURE PLANS: AI TARGETS (PAST STUDY) IP PLANNED AT PORPHYRY SOUTH TARGET NW. Extension Target N Nika SE Target DW North Target 500m Porphyry South Target Probability for RPA 2019 Pits Metal Factor >5 AI Targets Historical, 2020 collars PAGE 22
Slide 23: Property-Scale Target Distribution
PROPERTY-SCALE TARGET DISTRIBUTION N Taibi Grp NE IP Target Douay Syenite Mafic Volcanics Ultramafic Volcanics Felsic Volcanics Sedimentary Rocks Granitoids Gabbros Cartwright Hills Grp Known VMS horizons Gold targets Base metal targets Resource Area (RPA 2019) 3km Maple Gold continues to evaluate t
Slide 24: 2020 Exploration (IP) – Regional Context
2020 EXPLORATION (IP) – REGIONAL CONTEXT In addition to Vezza, the much larger Casa Berardi deposit (6.2Moz past production plus resources), occurs in the same lithotectonic context as Vezza. Casa Berardi is located some 40km West of the Douay property, with current reserve grades of 5.3 g/t Au unde
Slide 25: Historical Drilling & New Geophysics
HISTORICAL DRILLING & NEW GEOPHYSICS Section 1800E • Historical hole 1146-94-01 on SW edge of chargeability anomaly cut geologically comparable alteration and sulfide mineralisation as at Vezza, with anomalous Au (20- 120 ppb) throughout the hole to its end at 153m • ~3km NE-trending corridor with P
Slide 26: New IP Results – Northeast IP Target
NEW IP RESULTS – NORTHEAST IP TARGET Inverted Section 1800E S Proposed hole N 150m depth slice 515m 200m Note significant broadening of high-contrast chargeability anomaly at depth; length of historical hole shown as black bar for reference – too short for properly testing the anomaly present and wa
Slide 27: Capitalization
Capitalization Share Ownership Shares Outstanding 239,186,954 Warrants 31,034,150 5% Management/Insiders 10% & Closely Related Options 21,955,000 Quebec Fund & 12% Institutional Fully Diluted 292,176,104 Other Fund & Institutional ~31M ($0.40) tradable warrants MGM.WT (expiry June 2022) Average
Slide 28: Key Takeaways & Outlook
KEY TAKEAWAYS & OUTLOOK ADVANCING A LARGE ESTABLISHED GOLD RESOURCE WITH EXCELLENT INFRASTRUCTURE IN A WORLD CLASS JURISDICTION ATTRACTIVE VALUATION (~$20M) WITH SIGNIFICANT EXPLORATION UPSIDE EXPERIENCED MANAGEMENT & BOARD (incl. ex Ivanhoe Mines, Inmet / First Quantum) NEW GEOLOGICAL/STRUC
Slide 29: Appendix Slides: Highest-Grade Intercept Discovered To-Date
APPENDIX SLIDES HIGHEST-GRADE INTERCEPT DISCOVERED TO-DATE Central Porphyry Zone, DO-05-04: 2,888 g/t Au over 1.5m Abundant delicate visible gold associated with highly altered, siliceous brecciated syenite, a few meters above contact with carbonate-hematite altered basalt (2005 drilling). Several a
Slide 30: Management
MANAGEMENT MATTHEW HORNOR, PRESIDENT & CEO, DIRECTOR Former Executive VP for Ivanhoe Mines Ltd. (10+ years) Served as Managing Director for Ivanhoe Capital Corp. Structured partnerships and negotiated project/equity financings for more than $450M Sat as Chairman for Ivanplats Holding SARL (o
Slide 31: Directors/Advisors
DIRECTORS/ADVISORS MATTHEW HORNOR, PRESIDENT & CEO, DIRECTOR DAVID BROUGHTON, TECHNICAL ADVISOR Served as the VP & Executive VP for Ivanhoe Mines Ltd. for 10+ David was Executive VP, Exploration with Ivanplats Ltd (now years where he structured strategic partnerships and directly Ivanhoe Mines) from
Slide 32: Drill-Core Library
DRILL-CORE LIBRARY 250,000+ METRES OF DRILLING TO-DATE WITH DRILL-CORE WELL ARCHIVED AT SITE ~$60M CAD OF DRILLING IN TODAY’S DOLLARS [MAPLE GOLD CURRENT MARKET CAP: ~$20M CAD] “Having a drill-core library of this magnitude is an incredible asset to have as an exploration team. Our drill-core databa
Slide 33: SUITE WEST HASTINGS STREET
SUITE 600 111 WEST HASTINGS STREET VANCOUVER, BC V6E 2J3 CANADA r\y \" \ Wad ‘ia Sas N x AN ‘\ MAPLE MAPLEGOLDMINE +1(647) 265.8688 +1 (416) 306.8141 INFO@MAPLEGOLDMINES.COM MAPLEGOLDMINES.COM