Canex Metals Inc · TSXV:CANX
Canex Metals — Investor Presentation (June 2025)
25 slides from Canex Metals's investor presentation, June 2025
Slide 1: Creating Value Through Discovery: Gold and Copper Focused
CANX:TSX Venture Exchange CREATING VALUE THROUGH DISCOVERY: GOLD AND COPPER FOCUSED Corporate Presentation June 2025 www.canexmetals.ca
Slide 2: Cautionary Statement
CANX:TSX Venture Exchange CAUTIONARY STATEMENT The information contained in this presentation is provided by CANEX Metals Inc. (“CANEX”, “CANEX Metals” or the “Company”) Certain Statutory Rights for Canadian Investors for informational purposes only and does not constitute an offer to issue or arran
Slide 3: CANEX Metals: Overview
CANX:TSX Venture Exchange CANEX METALS: OVERVIEW 2 Advanced Projects with Demonstrated Resource Potential and Strong Discovery Upside • CANEX is exploring the opportunity to combine CANEX’s Gold Range project in Arizona with the adjacent Gold Basin Resources (TSX.V:GXX) project to consolidate a majo
Slide 4: Share Structure
CANX:TSX Venture Exchange SHARE Sponsored by Sophisticated Mining Investors STRUCTURE • +60% of stock tightly held • Patient, long-term capital that matches business plan May 27, 2025 Ownership Shares 122 million 35.6M RETAIL Issued and Outstanding Shares 6% 10.5% 40.7M HIGH NET WORTH Outstanding St
Slide 5: Experienced & Successful Management Team
CANX:TSX Venture Exchange EXPERIENCED & SUCCESSFUL MANAGEMENT TEAM From 2002 to 2008 our team, with Tyler Resources, discovered and subsequently sold a half billion tonne copper porphyry deposit in Mexico to Jinchuan Group for $214 million. From 2007 to 2011 our team, (formerly Northern Abitibi Mini
Slide 6: Arizona – Gold Basin District Consolidation Opportunity
ARIZONA – GOLD BASIN DISTRICT CANX:TSX Venture Exchange CONSOLIDATION OPPORTUNITY • On June 9, 2025, CANEX announced its intent to make a takeover bid to acquire all of the issued and outstanding shares of Gold Basin Resources (“Gold Basin”) (TSX.V:GXX) in a conditional all-share transaction, subjec
Slide 7: Arizona – Gold Basin District Consolidation Opportunity
CANX:TSX Venture Exchange ARIZONA – GOLD BASIN DISTRICT CONSOLIDATION OPPORTUNITY • Consolidates an advanced oxide gold district hosting multiple gold zones with strong drill results across an eight kilometre by eight kilometre area • Combines a 6.5 km plus mineralized trend hosting 2 partially dril
Slide 8: Consolidation Value Potential
CANX:TSX Venture Exchange CONSOLIDATION VALUE POTENTIAL • Near-surface oxide gold deposits are in high demand and gold prices are near record highs • Pre-resource stage companies with similar or earlier stage projects are trading at multiples to the current Gold Explorers - Market Comparables combin
Slide 9: Gold Basin Mining District
CANX:TSX Venture Exchange GOLD BASIN MINING DISTRICT Two public Companies control the district • Widespread historic underground mining from the 1880’s with small scale open pit mining in the 1980’s • The district has never been consolidated and explored as one system – low risk high potential upsid
Slide 10: An Under Explored Historic District
CANX:TSX Venture Exchange AN UNDER EXPLORED HISTORIC DISTRICT • Widespread small scale underground mining Historic open pit and underground producer - Excelsior Historic underground producer – Tin Cabin Zone (1880’s) with 3 historic open pit mines (1980’s) • For the first time the land is being cons
Slide 11: CANEX - Gold Range Project: Overview
CANEX - GOLD RANGE PROJECT: OVERVIEW • Widespread high grade gold veins over a 3 km by 4 km surface area – bulk tonnage potential in flat dipping structures • Multiple gold zones identified along a 4 km mineralized trend showing strong grades and near surface bulk tonnage potential • 138 holes drill
Slide 12: CANEX - Gold Range Project: Overview
CANX:TSX Venture Exchange CANEX - GOLD RANGE PROJECT: OVERVIEW Metallurgy Excelsior Zone. Moderately dipping • Excellent cyanide soluble gold recoveries to date high-grade quartz veins surrounded by • Results from 8 bottle roll tests on drill samples across the stockwork system and from different de
Slide 13: CANEX Gold Range Drill Results
CANEX GOLD RANGE DRILL RESULTS • Multiple holes returning gold grades in excess of 0.5 g/t (industry avg for W. USA heap leach projects) • New discovery at WestGold 0.7 g/t Au over 35m – target has scale1 Bulk Tonnage Potential1 (near surface intercepts) Hole GR21-37: 2.2 g/t Au over 24.4m within 1.
Slide 14: CANEX - Excelsior Zone
CANX:TSX Venture Exchange CANEX - EXCELSIOR ZONE • Strong grades, oxidized, and near surface • Excellent open pit geometry and expansion potential • Open along strike and Parallel zones identified 54 holes into zone near term resource • 1.0 g/t Au over 59.5m including 1.4 g/t over 32m potential • 1.
Slide 15: CANEX - WestGold Zone
CANEX CANX:TSX Venture Exchange WESTGOLD ZONE • Flat dipping zone daylights around top of large hill • Ideal near surface open pit target with size potential • Well constrained by mapping and sampling Flat dipping high grade quartz veins surrounded by mineralized halos • Never drill tested prior to
Slide 16: CANEX - WestGold Zone
CANX:TSX Venture Exchange CANEX - WESTGOLD ZONE • New drill discovery 35m @ 0.7 g/t Au in mostly untested zone1 • Defined by surface mapping/sampling over 400m by 800m area making it the largest exploration target in the district • Low strip bulk tonnage potential Never been drill tested prior to CA
Slide 17: District Consolidation Advantages
CANX:TSX Venture Exchange DISTRICT CONSOLIDATION ADVANTAGES Near-term resource potential Combination Highlights • Creates an advanced oxide gold district with near term million ounce plus gold potential • Combines drill defined zones at Excelsior, Eldorado, Cyclopic, and Stealth – Red Cloud to maxim
Slide 18: District Consolidation Advantages
CANX:TSX Venture Exchange DISTRICT CONSOLIDATION ADVANTAGES Large Established Trends • Large mineralized trends up to 6.5 km in length, some with limited exploration, highlight potential for a large resource base • Over 950 drill holes in the district provide a basis for what is expected to be a mea
Slide 19: District Consolidation Advantages
CANX:TSX Venture Exchange DISTRICT CONSOLIDATION ADVANTAGES Long sections • Sections through the main deposits on Gold Basin ground show near term resource potential Stealth Cross Section • Deposits on Gold Basin ground show Gap Cross Section expansion potential along strike and to depth • Additiona
Slide 20: Louise Cu-Au Porphyry Project: Summary
CANX:TSX Venture Exchange LOUISE CU-AU PORPHYRY PROJECT: SUMMARY • SIGNIFICANT HISTORIC RESOURCE: 0.92 million oz gold inferred plus 0.18 million oz gold indicated with 658 million lbs copper inferred plus 132 million lbs copper indicated • STRONG GRADES NEAR SURFACE: Historic intercepts including 1
Slide 21: Louise Project: Simple Targeting Concept
LOUISE PROJECT: SIMPLE TARGETING CONCEPT • The Louise deposit has been truncated at depth by a flat fault • Simple targeting concept, using geophysics to look lateral and below the known mineralized zone to identify the conceptual main body/roots of the deposit • This is a low cost targeting method
Slide 22: CANEX: Next Steps
Historic open pit and underground CANEX: NEXT STEPS producer - Excelsior Two near-term paths to unlock value Gold Range Project • Aggressively pursue district merger opportunity Drill discovery at • Drill test the fully permitted WestGold target which has potential to be WestGold 2023 the largest go
Slide 23: Creating Value Through Discovery
CANX:TSX Venture Exchange CREATING VALUE THROUGH DISCOVERY CANEX Metals For More Information: Suite 1620, 734 – 7th Ave S.W. Dr. Shane Ebert P. Geo. Calgary, AB, T2P 3E8 President Ph. 403-233-2636 shane@canexmetals.ca www.canexmetals.ca Ph 250-649-9356
Slide 24: Appendix A
CANX:TSX Venture Exchange APPENDIX A Summary of Market Comparable Data used in Slide 7 Com pany Lo cation Project Status Au Grade g/t Au (Moz) Pr ice Shares (M) M cap ($M) Mar ket Value ($M) $/Oz Au Arizona Gold and Silver Arizona, USA Philadelphia Pre-R esource n/a n/a $0.30 96.8 29.0 29.04 n/a Azt
Slide 25: Appendix B: Canadian Investor Rights
CANX:TSX Venture Exchange APPENDIX B Canadian Investor Rights In certain circumstances, purchasers resident in certain provinces and territories of Canada are provided with a remedy for rescission or damages, or both, in addition to any other right they may have at law, where an offering memorandum