Norsemont Mining Inc. · CSE:NOM
Norsemont Mining — Investor Presentation (May 2024)
34 slides from Norsemont Mining's investor presentation, May 2024
Slide 1: Choquelimpie Copper, Gold-Silver Project
Choquelimpie Copper, Gold-Silver Project Norsemont Mining Inc. May 2024 CSE: NOM CSE:NOM I OTCQB: | OTCQB:NRRSF NRRSF I FRA: LXZ1 | FRA:LXZ1 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes certain forward-looking statements and forward-looking information (together, “forward-looking statements”). All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the
Slide 3: Value Proposition
Value Proposition Stable Jurisdiction, Regional Tax Benefits Quality Project. Past Producer. Non-compliant resource NI 43-101 resource estimate in Q3 2024 Maiden diamond drill program completed, drill permits in hand Near-term oxide leach possibilities of Sulphides and Oxides Potential Cu porphyry a
Slide 4: The Mine
The Mine CSE:NOM CSE:NOM| OTCQB:NRRSF | OTCQB:NRRSF | FRA:LXZ1 | FRA:LXZ1 4
Slide 5: Team Members
Team Members MARC LEVY ART FREEZE DR. SERGEI DIAKOV CHARLES ROSS Chairman & CEO Geological Consultant Director Lead Director Founder and former CEO & Chairman of Art Freeze has an impressive 48 years of Dr. Diakov, has over 30+ years of Norsemont Mining (TSX: NOM), which he experience in Mineral Exp
Slide 6: Team Members
Team Members NIKOLAS KULWANT JOHN CURRIE DAVID LAING PERRAULT SANDHER Director CFO VP Exploration Advisory Chairman Mr. Perrault is a Corporate Finance Has 25+ years of experience in operational, John is an exploration geologist with 30 years David Laing is a mining engineer with 40 executive who, o
Slide 7: Chile Choquelimpie
Chile • Stable mining jurisdiction • Most multinationals operating in Chile • Mining industry accounts for 12% of GDP • No. 1 Global Copper Producer • Top 10 on Fraser Institutes’ Investment Attractiveness Index Choquelimpie • Past Producing Gold-Silver Mine • Located in Northern Chile • Arica – Par
Slide 8: Existing Global Historic Resource
Existing Global Historic Resource Cut-off Tonnes Au Ag Cu Au Ag AuEq (Au g/t) (mm) (g/t) (g/t) (%) (mm Oz) (mm Oz) (mm Oz) 0.2 284.3 0.50 8.08 0.039 4.6 73.8 0.3 216.7 0.58 8.86 0.041 4.1 61.7 5.5 0.4 159.5 0.67 9.53 0.044 3.4 48.9 0.5 114.1 0.75 10.21 0.048 2.8 37.4 0.6 65.8 0.91 11.54 0.055 1.9 24
Slide 9: Existing Historic Gold Oxide Resource
Existing Historic Gold Oxide Resource* Tonnes Au Ag Au Ag (mm) (g/t) (g/t) (oz) (oz) Au Oxide 10,528,000 0.61 15.16 206,287 5,131,612 Indicated 8,152,000 0.65 17.33 170,379 4,542,577 Inferred 2,376,000 0.47 7.71 35,907 589,034 * Non-compliant resource. *Source: Geología y Recursos Minerales del Proy
Slide 10: Advancing the Asset
Advancing the Asset New Ownership July 2020 Aug 2020 – Jun 2021 July 2021 Sep 2021 Dec 2021 Norsemont acquires Data compilation, Lidar, IP / Re-logged Maiden drill program 100% interest from Build and validate MT surveys ~6,500m of completed. Dump subsidiary of Copec database. Re-assay completed his
Slide 11: Geophysics
Geophysics N Location of Pole-Dipole IP / Resistivity and MT lines on Digital Terrain Model • 13.7 line kms IP / Res, providing information from surface to ~400m (100m dipoles, 500m spaced lines, modelled with 2D, 3D inversions) • 11.8 line kms MT, providing information from surface to ~1km (250m sp
Slide 12: Mapping the System
Mapping the System Laterally extensive Plan Map – 4600m asl depth slice IP Chargeability VIZCACHA PIT Drill Hole A-327 35m @ 32.2 g/t Au A’ CHOQUE PIT N Drill Hole A-342 IP Chargeability (msecs) 70m @ 3.6 g/t Au _msecs Drill Hole Trace INTERMEDIO Au g/t PIT A CSE: NOM | OTCQB: NRRSF | FRA: LXZ1 12
Slide 13: Poorly Tested
Poorly Tested Long Section looking NW Drill Hole A-342 Drill Hole A-327 70m @ 3.6 g/t Au 35m @ 32.2 g/t Au Grade Shells / Drill Hole Trace GOLD g/t Au g/t 5 - 340 2.5 - 5 1 - 2.5 Cautionary notice: The Leapfrog interpretation is a preliminary computer-generated visualization based on historic drillh
Slide 14: Choque pit mineralisation extends to depth
NNE CHOQUE PIT SSW Extends To Depth Drill Hole A-342 ~ Choque Pit Area 70m @ 3.6 g/t Au N SECTION LOOKING ESE • Choque pit showing extent of IP Chargeability (msecs) _msecs previous drilling • Significant mineralisation OPEN OPEN Drill Hole Trace identified in previous drilling Au g/t beneath pit •
Slide 15: Historic Drilling
Historic Drilling • +1,700 holes; 135,900m • Shell drilled 900 holes, 103,400m • Can Can drilled 828 holes, N 32,500m • In 2007, Can Can drilled 3 deep 0 m 500 diamond drill holes, testing for Datum: WGS 84 ZONE 19S porphyry Cu-Au system • All core on-site Shell drill holes Can Can drill holes Can C
Slide 16: Sonic Drilling
Sonic Drilling Total of 69 holes Dumps: • 66 Holes, 1,268m Leach Pad: N • 3 holes drilled into leach pads to SW of area (106m) 0 m 500 Objective: Datum: WGS 84 ZONE 19S Establish mineral type, tonnes 2021 Sonic drill hole and grade of dumps and leach 2021 Sonic drill hole pads. Generate fresh materi
Slide 17: High-Grade Zones
High-Grade Zones Demonstrating Upside Vizcacha • 19 gold intercepts >100 gram x meters • Best intercept A-327: 35m @ 32.23 g/t Au, 8 g/t Ag N Choque • 27 gold intercepts >100 gram x meters 0 m 500 • Best intercept R-002: 158m @ 3.9 g/t Au, 200 g/t Ag Datum: WGS 84 ZONE 19S Shell drill holes Suri • 1
Slide 18: Maiden Drill Program
Maiden Drill Program Enhancing value, reducing risk • 10 holes completed • 3,147m drilled • First drill results expected Q1 N 2022 • Suspended due to Altiplano 0 m 500 winter. Plan to return with expanded program in April 2022 Datum: WGS 84 ZONE 19S Objective: Shell drill holes To confirm historic d
Slide 19: New Data, New Targets
New Data, New Targets View looking to southwest MV21-001 MV21-002 MV21-004 MV21-005 MV21-006 MV21-003 MV21-008 N 0 m 500 MV21-007 MV21-010 Datum: WGS 84 ZONE 19S MV21-009 Flanking Vizcacha pit, historic intercept of DDH completed 35m @ 32.2 g/t Au. Confirmed by re-assay Historic holes 250m Historic
Slide 20: Vizcacha Pit 2021 Drill Results
A VIZCACHA PIT Vizcacha Pit 2021 MV21-001 Drill Results MV21-002 Drill Results* From To Interval Au N (m) (m) (m) g/t 0 93.0 93.0 1.38 MV21-002 Including 0 6.0 6.0 10.22 MV21-004 0 m 50 Including 0 12.0 12.0 6.29 A-327 Including 0 50.0 50.0 2.01 35m @ 30.5 g/t Au Datum: WGS 84 ZONE 19S 136.0 189.0 5
Slide 21: Drill Results A-A'
A VIZCACHA PIT 2021 MV21-001 Drill Results MV21-002 MV21-003 MV21-003 Drill Results** 93m @ 63m @ N From To Interval Au 1.38 g/t Au 1.43 g/t Au, (m) (m) (m) g/t 150.0 213.0 63.0 1.43 incl. 35m @ 0 m 50 including 153.0 164.0 11.0 3.08 MV21-004 2.01 g/t Au Datum: WGS 84 ZONE 19S including 155.0 190.0
Slide 22: 2021 Drill Results - Choque Pit Area
2021 Drill Results - Choque Pit Area Cross Section B-B’ MV21-006 Drill Results** 14m @ 0.83 g/t Au, B From To Interval Au Ag MV21-006 (m) (m) (m) g/t g/t 39.6 g/t Ag 68.0 87.0 19.0 0.63 31.8 1.32 g/t AuEq oxide, MV21-008 and 109.0 224.0 115.0 0.71 10.7 Within 115m @ 0.71 g/t Au, including 109.0 123.
Slide 23: Cross Section A-A'
Cross Section A-A’ A A’ NNW SSE MV21-002 MV21-004: MV21-003 Assays pending 31m @ 3.63 g/t Au _4700m incl. 9m @ 6.07 g/t Au Units HBX Hydrothermal breccia BCC Breccia, chaotic, crystalline tuff matrix MV21-002: 139.0m 93m @ 1.38 g/t Au DQP Dacite quartz porphyritic dome incl. 12m @ 6.29 g/t Au Drill
Slide 24: Cross Section B-B'
Cross Section B-B’ B B’ Units NW SE MV21-006 HBX Hydrothermal breccia DAP HBX BCC Breccia, chaotic, crystalline tuff matrix DQP Dacite quartz porphyritic dome HBX _4700m DAP Daci-andesite porphyritic dome DAP Inferred boundary DPV Dacite porphyry Vizcacha Drill Holes _4600m 2021 Norsemont DDH signif
Slide 25: CSE: NOM | OTCQB: NRRSF | FRA: LXZ1
CSE: NOM | OTCQB: NRRSF | FRA: LXZ1
Slide 26: CSE:NOM | OTCQB:NRRSF | FRA:LXZ1
CSE:NOM | OTCQB:NRRSF | FRA:LXZ1 26
Slide 27: Hole MV21-005 Vizcacha Porphyry
Hole MV21-005 Vizcacha Porphyry 322.6m A 322.6m B 347.2m C 350.8m D CSE: NOM | OTCQB: NRRSF | FRA: LXZ1
Slide 28: Public and Community Relations
Public and Community Relations Gaining Social License Stakeholders: • Local Aymara communities • Governors’ offices of Arica and Parinacota, Municipalities of Arica, Putre and Camarones; Government agencies - SEREMI (Reg. Mines Ministry), SEA (Environmental Assessment), SERNAGEOMIN (Geology & Mining
Slide 29: Choquelimpie Metallurgy
Choquelimpie Metallurgy Knowing the Asset Successful historic oxide production Excellent historic heap leach gold recoveries (~90% Au) Initial focus on delineating near- surface oxide material, (in-situ, dumps and leach pads) for leaching Establish both leach and flotation characteristics of mixed a
Slide 30: Excellent Existing Infrastructure
Excellent Existing Infrastructure Added value • Located in Arica & Parinacota Region • 5757 Hectares Property • Year-round road access • Power and water on-site • Water Permits • Fully equipped camp, offices, warehouse • 3,000 tons/day mill on site • ADR effluent treatment plant • Warehouse and logg
Slide 31: Tax Benefits - Operating in Arica
Tax Benefits - Operating in Arica Tax benefits to operating in Arica-Parinacota: • 30% credit on investments in physical assets (construction, machinery and equipment) • 40% credit on investments in construction or real estate • Arica Industrial Free Trade Zone located near Chile-Peru-Bolivia border
Slide 32: Hidden Treasure
Hidden Treasure Quality Project, Past Producer, 100% Ownership • Substantial investment by past operators • Significant infrastructure (plant, power, roads) Stable Jurisdiction, Regional Tax Benefits • Large non-compliant Au-Ag resource • Re-assaying, geophysical surveys, sonic drill Technical Exper
Slide 33: Share Structure
Share Structure Issued and Outstanding Shares 59.8 Million as of September 30, 2021 Warrants Nil Options 4.1 Million Fully Diluted Shares 63.9 Million Working Capital >$1 Million Ownership Institutions & Family Offices 15.1% Friends & Family 19.7% Insiders 5.6% Advisory Board and Management 3.3% CSE
Slide 34: Contact Details
Contact Details Norsemont Mining 610 - 700 West Pender Street Vancouver BC, V6C 1G8 Tel: 604-669-9788 info@norsemont.com Marc Levy, CEO: 604-506-6280 MLevy@Norsemont.com facebook/norsemont twitter/norsemont instagram/norsemontmining CSE: NOM | OTCQB: NRRSF | FRA: LXZ1 34