Hercules Metals Corp · TSXV:BIG
Hercules Metals — Investor Presentation (March 2025)
34 slides from Hercules Metals's investor presentation, Mar 9, 2025
Slide 1: Advancing America's Newest Porphyry Copper Belt
Advancing America’s Newest Porphyry Copper Belt MARCH TSX-V: BIG | OTCQB: BADEF | FRA: C0X 2025
Slide 2: Forward-Looking Information Cautionary Notes
Forward-Looking Information Cautionary Notes This presentation contains certain information that may be deemed "forward-looking information" with respect to Qualified Person: Under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Kelly Hercules Metals Corp. (t
Slide 3: About Hercules Metals
About Hercules Metals Located in Idaho with Surface Mining Rights 100% owned project with no permitting challenges. Rich silver exploration history with small-scale production, followed by extensive shallow drilling from 1965-1984. Porphyry copper discovery in 2023 intersected 185m of 0.84% Cu, 111
Slide 4: Snapshot
Snapshot Share Performance $1.90 12,000,000 Capital Structure1 $1.30 9,000,000 6,000,000 Issued and Outstanding Shares 253.4 M $0.70 3,000,000 Options 5.0 M Warrants2 14.5 M $0.10 - Jun-2023 Jan-2024 Aug-2024 Feb-2025 RSUs 2.9 M Volume Price Fully Diluted 275.8 M Share Price $0.64 Significant Shareh
Slide 5: Our Team
Overview Our Team Track record of multiple high-impact discoveries CEO & DIRECTOR STRATEGIC TECHNICAL ADVISOR TECHNICAL ADVISOR CFO Chris Paul Charlie Greig Dr Tom Henricksen Keith Li Recognized for discovery of the Saddle North porphyry for GT Gold Corp, acquired by Newmont Corporation in 2021. The
Slide 6: Idaho Advantage
Overview Idaho Advantage History of Mining Low Geopolitical Risk Infrastructure Support Low Energy Cost 3 hydroelectric dams 10.35¢ / kWh*, the lowest electrical cost in the country. directly across the Property. *Source: How Much Does Electricity Cost in 2023? | EnergySage Mining played a role in I
Slide 7: Responsible Exploration
ESG Responsible Exploration Hercules Metals seeks to build a positive legacy by delivering value to the community both during and after its operating life in Idaho and by building close ties with the community, government and all its stakeholders. Engagement Hercules hosts town hall meetings to educ
Slide 8: Hercules Property
Overview Hercules Property Positioned to Operate LOCATION Cambridge, Idaho • 100% owned through US subsidiary OWNERSHIP • NSR buyable down to 1% for $1M CAD MINERAL • 24,276 acres of private, state and federal RIGHTS mineral rights • ~1,800 acres with surface mining rights SURFACE (black outline). M
Slide 9: Hercules District
Exploration Hercules District 2023-2024 Staking Rush • America’s newest porphyry copper district – Western North America’s prolific porphyry copper belt theoretically trends directly through western Idaho. Hercules generated evidence supporting this theory which it drill tested in 2023 resulting in
Slide 10: Hercules History
Overview Hercules History NOW THEN 2021: Hercules Metals Acquires Project 2022: Phase I Exploration 1880 – 1920: Historical mining • Compiled and digitized all historical data • Generated new 3D model • Historical production at the Belmont and other old mines • Soil sampling LATE 1970s - EARLY 1980s
Slide 11: Hercules
Overview Hercules 11 SOIL SAMPLING – Copper • Multi kilometer copper-in-soil anomaly – up to 3,175 ppm Cu, 30 ppm Mo and 663 ppb Au in soil revealed in 2022 • Associated with altered volcanics and limestone host rocks at surface • The high-grade Big Cut Skarn grades up to 21% copper, 4.5 g/t gold an
Slide 12: Concealed Copper System Below Large Epithermal System at Surface
Phase II: Exploration Concealed Copper System Below Large Epithermal System at Surface Initial 3D IP survey revealed a 1.8km chargeability anomaly below historical drilling Historical drilling (308 holes) focused on a large epithermal silver system at surface, but a new theory and modern geophysical
Slide 13: Leviathan Discovery
HER-23-05 cross-section Phase II: Exploration with interpreted geology, grade bars for copper (orange), molybdenum Leviathan Discovery (blue), and silver (grey) A rare new porphyry copper discovery in the U.S. • Subsequent drilling has grown the system to over 1.6 x 1.3 km. TSX-V: BIG | OTCQB: BADEF
Slide 14: Growing Scale Increasing Value
Phase III: Exploration Growing Scale Increasing Value Drilling continues to increase the scale and grade of the system, increasing value for shareholders Large step-out drilling has defined a 1.3km x 1.6km system which continues to grow with each phase of drilling 14
Slide 15: Grade Creek Zone High-Grade Target
Phase III: Exploration • HER-24-12, the northernmost hole below, confirmed a trend of increasing alteration and mineralization to the north. Grade Creek Zone • North of HER-24-12, the untested Grade Creek Zone represents a High-Grade Target • priority target for a high-grade potassic center A large
Slide 16: Eastern Block Zone Shallow Open Pit Target
Phase III: Exploration • High-grade enrichment zone approaches surface Eastern Block Zone • Projects directly through a new high-grade intercept in HER-24-20, into the largest soil Shallow Open Pit and rock chip anomaly on the property • Suggests the soil anomaly is likely a result of Target the enr
Slide 17: Vectoring Southeast – High-Iron – A Stronger, Better Host
Phase III: Exploration Part I - Iron Vectoring Southeast – High-Iron – A Stronger, Better Host • Compilation of a large mapping program has revealed a large package of high-iron volcanics (green) in the southeast, which are significantly more reactive and therefore much more conducive to higher-grad
Slide 18: Vectoring Southeast – High-Iron – A Stronger, Better Host
Phase III: Exploration Part I - Iron Scandium/Aluminum Map – Proxy for Silicate Iron Level of Host Rock Vectoring Southeast – High-Iron – A Stronger, Better Host • A Scandium/Aluminum plot provides a proxy for how much original (silicate) iron was in the host rock, before it was altered to iron sulf
Slide 19: Vectoring Southeast - Limestone - Best Possible Host
Phase III: Exploration Acidic porphyry fluids react strongly with limestone which can carry the highest possible grade Part II - Limestone in a porphyry system. The closer to the intrusion, the more intense the porphyry fluids, and limestone lenses can become completely replaced with massive chalcop
Slide 20: Vectoring Southeast - High-Grade Center
Phase III: Exploration • Alteration patterns mapped at Hercules consistent with the classic porphyry alteration model tilted to the northwest. Vectoring Southeast - • Potential bornite-rich potassic center below propylitic alteration in the Eastern Block and Southern Flats zones. High-Grade Center •
Slide 21: Chargeability – Sulfide Distribution
Exploration Chargeability illustrates sulfide distribution in Leviathan, however the 2023 IP survey (4.5 x 4.5km) was not large enough to capture the entire system. A 2025 MT survey will expand geophysical data in all Chargeability – Sulfide Distribution directions and map the complete sulfide syste
Slide 22: A World Class Opportunity in the Making
A World Class Opportunity in the Making Upcoming Catalysts Additional drilling results from Phase III Systematic exploration underway Secure premier drill contractor for to understand Several multi-km 2025 drilling geometry and extent chargeability targets of the system remain to be tested Advance E
Slide 23: Investor Relations / Head Office
Investor Relations Head Office Herculesmetals.com nisha@herculesmetals.com Suite 1600 100 King St. W TSX-V: BIG | OTCQB: BADEF | FRA: C0X +1 (604) 449-6819 1 First Canadian Place Toronto, Ontario M5X 1G5
Slide 24: Appendix
Appendix TSX-V: BIG | OTCQB: BADEF | FRA: C0X
Slide 25: Largest Porphyry Copper Deposits in the U.S.
Porphyry Copper Largest Porphyry Copper Deposits in the U.S. MINE Morenci1 Bingham Canyon2 Bagdad3 Sierrita4 Resolution5 Pebble6 Proposed Underground and Underground and Proposed TYPE Open pit Open pit Underground and Open Pit Open Pit Underground Open Pit LOCATION Arizona Utah Arizona Arizona Arizo
Slide 26: Porphyry Copper Transactions in the USA – Since 2010
Porphyry Copper Transactions in the USA – Since 2010 Very few M&A opportunities in tier 1 jurisdictions involving porphyry copper assets, due to significant lack of new discoveries. The select few that have transacted since 2010 are shown below. Robinson – US$1.7B Morenci – US$1.0B for 13% stake ‐ D
Slide 27: Mineral Project
Overview Mineral Project LOCATION Washington County, Idaho SIZE 2,843 acres <2.5 hours from Boise ACCESS 14 miles south-southwest of Hercules Property, along trend Lease to own 100% with no royalty OWNERSHIP obligation Copper-gold porphyry overlain by GEOLOGY rhyolite-hosted silver – an identical ge
Slide 28: Why Copper is a Critical Mineral
Why Copper is a Critical Mineral An Emerging Powerhouse Increasing Demand Energy Supply Copper is now considered the "new oil" due to its role in electric vehicle (EV) batteries and green energy technologies like solar panels and wind turbines and in turn, could see a similar upside in the next thre
Slide 29: Silver and the Green Revolution
Silver and the 01 Solar Panels Green Revolution 02 Automotive Applications 03 5G Cellular Networks TSX-V: BIG | OTCQB: BADEF | FRA: C0X 29
Slide 30: Hercules Historical Drilling
Overview Hole ID Year From (m) To (m) Interval (m) Ag (g/t) Pb (%) Zn (%) Hercules 80-1 including 1980 1980 73.15 82.3 103.63 91.44 30.48 9.14 335.6 828.2 0.17 0.24 0.54 0.8 Historical Drilling including 1980 96.01 99.06 3.05 317.8 0.04 0.22 80-12 1980 7.62 22.86 15.24 56 No Assay No Assay AND 1980
Slide 31: Silver
Silver Soil Sampling 01 Soil sampling returned 02 Silver-in-soil values range anomalous silver > 5 ppm up to 604 ppm (17.6 oz/t) at over 3.5 kilometers and open the Belmont Zone under cover in both directions 03 Largest and highest-grade 04 Large regions of anomalous soil/coincident IP anomaly at rh
Slide 32: Rock Chip Sampling
Exploration Rock Chip Sampling Plan View Showing Silver and Copper Grades of Rock Chip Samples 32
Slide 33: Historical Silver Mineralization
Historical Silver Mineralization 3D Block Model Generated in 2022 Historical drilling information was collected prior to the enactment of NI 43-101, has not been verified by the Company’s Qualified Person, and should not be relied upon. 33 TSX-V: BIG | OTCQB: BADEF | FRA: C0X
Slide 34: Investor Relations / Head Office
Investor Relations Head Office Herculesmetals.com info@herculesmetals.com Suite 1600 100 King St. W TSX-V: BIG | OTCQB: BADEF | FRA: C0X +1 (604) 449-6819 1 First Canadian Place Toronto, Ontario M5X 1G5