Slide 1: Bancroft Ni-Cu-Co-PGM
Bancroft Ni-Cu-Co-PGM Energy Metals Close to Market in Southern Ontario XTM – TSXV | Project Presentation Q4 2021 1
Slide 2: Project Location and Overview
Project Location and Overview • 3,833 hectares of mining claims • Located in Southern Mining District, 2 hour drive northeast of Toronto with good property access, and infrastructure • Acquired from First Nickel out of receivership in 2016 • First Nickel spent >$5 million developing targets and dril
Slide 3: Ni-Cu-Co-PGM's in the Grenville
Ni-Cu-Co-PGM’s in the Grenville XTM:TSXV 3
Slide 4: Why look for Nickel in the Grenville?
Why look for Nickel in the Grenville? • Ni-Cu-Co-PGM mineralization associated with wide range of Deposit Region Age Host Rock ages, parental magma compositions, host units, geometries, Mafic sills of and tectonic settings Nova Bollinger, gabbro and/or Albany-Fraser Western Australia, ~1.3Ga picrite
Slide 5: Central Metasedimentary Belt
Central Metasedimentary Belt Energy Metals Smorgasbord • Little previous exploration has been done in Central Metasedimentary belt with the benefit of modern methods - Patchwork of private and public lands - History of settlement, farming and logging • Magmatic Ni-Cu-Co PGM potential - Historic occu
Slide 6: Bancroft Area
Bancroft Area Gravity Highlights Presence of Large Mafic Intrusions Provincial Scale OGS Gravity • Magmatic Ni-Cu-PGM deposits often require large mafic/ultramafic intrusions, and a source of sulfur • Are typically located on or close to prominent regional gravity highs XTM:TSXV 6
Slide 7: Raglan Hills Area
Raglan Hills Area Nickel Copper and PGM Targets • ML North PGM ML North PGM Showing - 2009 PGM discovery FNB009 5.05m – 1.98 g/t - Drilling by FN intersected up to 5.05 m grading 1.98 g/t Pt+Pd, 0.81ppm Au in sample PGM (Pt+Pd) FNISBRA-139 - Work by Transition in 2020 highlights coincident mag, EM b
Slide 8: ML North PGM Area
ML North PGM Area New Targets Highlighted in 2020 ML North PGM Showing • PGM Zone at ML North FNB009 5.05m – 1.98 g/t - Geophysics reviewed by Alan King Pt+Pd, 0.81ppm Au in sample - ML North showing associated with wormlike first vertical FNISBRA-139 derivative mag features - Elevated conductivity
Slide 9: Limerick Area
Limerick Area Untested Geophysical Targets Along Strike from a 3.5 Mt Nickel Resource FNB105, 1m semi-massive sulfide Sulfide rich metasediments FNB116 0.986 ppm Au grab sample FNB114 semi-massive sulfide over 60cm within metabasites Macassa Nickel Deposits (3.5 Mt @ 0.8% Ni, 0.25% Cu, 0.05% Co) XTM
Slide 10: Next Steps
Next Steps Transition Metals is seeking a partner to help advance these opportunities • Raglan Hills - Expand biogeochem coverage in vicinity of ML North showing - Prioritize drilling to test for extensions to ML North and other targets and to test for extensions to Cu-Ni mineralization intersected
Slide 11: Forward-Looking Statements
Forward-Looking Statements Certain information contained in this presentation, includes information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", “upcoming” and similar expressions and statements relating to matters that are no
Slide 12: Mitigating Risk. Multiplying Opportunities.
Mitigating Risk. Scott McLean HBSc., P.Geo. Multiplying CEO & Co-founder smclean@transitionmetalscorp.com Opportunities. 9C – 1351 Kelly Lake Road Sudbury ON P3E 5P5 Telephone: 705-669-0590 Q4 2021 12