Amarc Resources Ltd. · TSXV:AHR
Amarc Resources — Investor Presentation (May 2022)
35 slides from Amarc Resources's investor presentation, May 2022
Slide 1: Developing High Value Copper-Gold Assets
_ Developing High Value Copper-Gold Assets JOY — DUKE - IKE TSXV: AHR OTCQB: AXREF May 2022
Slide 2: Forward-looking statements
This presentation includes certain statements that may be deemed "forward-looking statements". All such statements, other than statements of historical facts that address exploration plans and plans for enhanced relationships are forward-looking statements. Although the Company believes the expectat
Slide 3: An Unparalleled Portfolio of Copper and Gold Assets: Positioned for Success
q Amarc An Unparalleled Portfolio of Copper and Gold Assets: Positioned for Success Listed TSXV: AHR OTCQB: AXREF Shares Issued 187 million Management Owns +25% A MEMBER OF THE HDI GROUP
Slide 4: British Columbia premier jurisdiction for copper-gold deposits
• British Columbia (BC) is North America’s premier jurisdiction for long life, high value copper- gold deposits (KSM, Red Chris, Galore, Kemess, Bell, Copper Mountain, Tatogga etc.) targeted by financial markets and senior producers • Amarc’s experienced team has assembled a 100% interest in 3 expan
Slide 5: BC North America's Heartland for Copper-Gold Porphyry Deposits
BC North America’s Heartland for Copper-Gold Porphyry Deposits JOY “@ Kemess North/East& ‘Kemess South Fort St. John, @ Projects @ Depleted Mines —— Highway N A Q M4 60 SSS) . @ Okelowna = Brénd: Cranbrook@ Cy ——— 300 Kilometres \ a es ac poh a ye ; : eo as Four Significant Porphyry Cu (+ Au, Ag, Mo
Slide 6: Amarc projects and nearby legacy projects and mines
▪ Legacy Projects ▪ Golden Bear Mine ▪ Mt. Milligan Mine ▪ Kemess Mine ▪ Maggie Project ▪ Taseko Mines Limited ▪ Gibraltar Mine ● New Prosperity Project ● Aley Project ● Yellowhead Project ▪ Amarc Resources Ltd. ⋆ IKE Project ⋆ DUKE Project ⋆ JOY Project ● Newton Project 6
Slide 7: JOY District Situated for Success in North-Central BC
__ JOY District Situated for Success in North-Central BC With Key Infrastructure eG Legend & JOY Project e Towns a Ports Highways — Kemess Access Road, Gravel Roads fiintt ~=Railway BC Hydro Transmission Line Project — wv Mine, Development OW Park 150 Kilometres
Slide 8: JOY District Captures Northern Extension of Kemess Belt
JOY District Captures Northern Extension of Kemess Belt Porphyry Cu-Au Developments Lawyers. \ “(Benchmark) Wr Sturdee Air Strip \ ’ i ata Ro. 621 KT aimee nS 8.7 g/t Au, aS Ne <a a NS \e January 2018: Centerra Gold purchases AuRico Metals the Kemess Project owner for $310 million 246 MM (ind)< h 0.
Slide 9: Large Scale Porphyry Cu-Au Potential Hidden Under Thin Glacial Cover
Large Scale Porphyry Cu-Au Potential Hidden Under Thin Glacial Cover
Slide 10: JOY District IP Surveys Outline Large-Scale Mineral Systems
q JOY District IP Surveys Have Outlined a Cluster of Large-Scale Mineral Systems at Canyon, Twins and Other Targets N A P Legend @ Amare 2021 Drill Hole ——— Project Claim Boundary IP Chargeability (mv) a ; 4 PINE Deposit . NW GOSSAN 5 Kilometres
Slide 11: PINE Deposit Area
q PINE Deposit Area IP Chargeability Surveys have Confirmed a Very Large Mineral System OE A’ = PINE =e fe. Target /-. «s ° ~° a a JP21009 —o a , == S5p21001 PINE Deposit Ho C= J == 3271007 out So \ uae 2 amass \ B MEX Target NS 2 ‘, =< = eo Legend Amare 2021 Drill Hole o& Historical Drill Hole Dril
Slide 12: * See footnotes on page 16.
F L H J I K G C M D E A B * See footnotes on page 16. 12
Slide 13: Amarc is Developing the Mineral Projects Targeted by Major Mining Companies
Amarc is Developing the Mineral Projects Targeted by Major Mining Companies Legend * DUKE Discovery WW Heare Deposit Towns BES= Highways —— Gravel Roads Ferry ‘tant Railway _ BC Hydro Transmission Line New LNG Export Pipeline Ww Mine, Development rea) Project Park 30 Kilometres 13
Slide 14: Looking NE Over IP Anomaly With Historical & Amarc Drill Holes
Looking NE Over IP Anomaly With Historical (Shallow) & Amarc (Deep) Drill Holes
Slide 15: DUKE Offset Target Confirmed Mineralized
DUKE Offset Target Confirmed Mineralized IP Chargeability Anomaly A A’ Postulated Fault 1 Kilometre Offsetting Chargeability Anomaly 15 * Pole – Dipole; 100 m depth a = 100 m (most lines).
Slide 16: DUKE drill intercepts
Drill Hole From (m) To (m) Int. (m)1,2,3 Cu (%) Au (g/t) Ag (g/t) Mo (%) CuEQ (%)5,6 17.0 32.0 15.0 0.44 0.13 2.1 0.019 0.59 40.3 142.0 101.7 0.22 0.06 1.3 0.014 0.32 238.0 268.0 30.0 0.33 0.07 1.9 0.019 0.45 DK17002 308.5 399.0 90.50 0.21 0.04 1.1 0.025 0.34 450.5 523.0 72.5 0.23 0.03 1.2 0.022 0.3
Slide 17: DUKE geochemical dispersion train
Trail Nak DUKE Wolf Morrison Hearne Calculated dispersion train length ~3.5 km Compelling multi-element anomalies discovered with high contrast to background Bell Granisle 10 Kilometres 17
Slide 18: IKE District Situated for Success in South-Central BC
_ IKE District Situated for Success in South-Central BC With Key Infrastructure t : yO BESS Legend * IKE Cu-Mo Deposit * Empress Cu-Au Deposit . Newton Au Deposit (2% NSR) Towns Highway —— Mainline Logging Road Historical Cat Trail <= IKE Road Option 1 Railway 0.59 g/t BC Hydro Transmission Line =-—
Slide 19: IKE Magnetic Anomaly
Interior Plateau Coast Range Empress East Buzzer Battlement Syndicate Empress Quinn Taylor -Windfall Rowbottom IKE OMG Mewtwo Magnetic Anomaly Mad Major IKE Mineralized Legend System1 IKE Magnetic Anomaly 3.5 Km IKE Mineralized System Amarc Drill Hole Deposit Deposit Target 1. As outlined by IP char
Slide 20: IKE Mineralized System
IKE Mineralized System Northwest Northeast Cirque Cirque 1,000 Viewpoint Metres A A’ WEST Southeast EAST Cirque Southwest 1,200 Metres Cirque IKE Magnetic Anomaly 1 Kilometre 20
Slide 21: Northwest Cirque and Southwest Cirque
Viewpoint Hole 21 287 m @ 0.37% CuEQ Hole 20 Northwest Cirque 148 m @ 0.52% CuEQ Southwest Cirque Hole 13 592 m @ 0.43% CuEQ 21 * See footnotes on page 16.
Slide 22: IKE Deposit Cross Section Looking North
q IKE Deposit Cross Section Looking North Shows Extensive, Continuous Mineralization Cu & Mo Grade Distribution A Viewpoint A - “Se | _— Legend mm Cu% «= Mo% Reference Lines Mo% Cu% 001 0.15 400 Metres
Slide 23: IKE drill intercepts
Drill Hole From (m) To (m) Int. (m)1,2,3 Cu (%) Ag (g/t) Mo (%) CuEQ (%)5,6 269.4 325.4 56.0 0.31 1.6 0.064 0.55 339.1 426.2 87.1 0.36 0.7 0.054 0.56 IK14005 Incl. 347.7 378.6 30.9 0.47 1.2 0.052 0.67 437.6 554.6 117.0 0.27 0.3 0.021 0.35 602.9 616.1 13.2 0.29 0.6 0.009 0.32 48.0 60.0 12.0 0.23 1.7
Slide 24: Empress Deposit
Empress Deposit Extensive Historical Exploration Indicates Gold Enriched Deposit Targets Gold Enrichment Along CPC Boundary —— BATTLEMENT TAYLOR-WINDFALL @ e ee ) < = e ~—<{ S**. @EMPRESS*s » EMPRESS EAST ip ee 6 / y ROWBOTTOM Ww 4%») Northern Boundary of ax /Coast Plutonic Complex 4 é MEWTWO LEGEND
Slide 25: Empress drill intercepts
Drill Hole From (m) To (m) Int. (m)1,2,3 Cu (%) Au (g/t) Ag (g/t)4 Mo (%)4 CuEQ (%)5,6 26.8 102.9 76.1 0.92 1.42 4.7 - 1.74 76-3 Incl. 26.8 37.6 10.8 0.49 4.24 2.3 - 2.86 Incl. 42.7 74.4 31.7 1.11 1.39 4.5 - 1.91 10.4 19.5 9.1 0.31 0.34 0.5 0.011 0.53 140.5 192.9 52.4 1.10 1.21 2.5 0.004 1.81 90-21
Slide 26: Volcanics Coast Plutonic Complex
Volcanics Coast Plutonic Complex 500 Metres 26
Slide 27: Greater Empress deposit target drill intercepts
Deposit Target Drill Hole From (m) To (m) Int. (m)1,2,3 Cu (%) Au (g/t)4 Ag (g/t)4 Mo (%)4 CuEQ (%)5,6 9.8 37.8 28.0 0.34 0.54 1.2 0.002 0.66 EMPRESS 91-39 107.6 147.5 39.9 0.40 0.33 0.8 0.004 0.61 EAST Incl. 141.4 147.5 6.1 1.23 0.93 2.2 0.009 1.79 0.0 44.2 44.2 0.67 0.50 5.3 0.046 1.15 BUZZER X-3
Slide 28: VA VAM \
( \ \ | t | | } \ VA VAM \ \p \ \ \ \ i | \ \ \ } : => | MW a AN “i Me >
Slide 29: Delineate DUKE Deposit and Low Cost Surface Exploration
A. Delineate DUKE Deposit (15 holes, 9,000 m, $4.5 M) 1. Complete appropriately spaced grid type core drilling to enable preliminary economic assessment B. Complete Low Cost Surface Exploration Across District ($2.0 M) 1. Reconnaissance IP surveys over targets using existing roads to confirm the pre
Slide 30: Northern Boundary of Coast Plutonic Complex
Northern Boundary of Coast Plutonic Complex 5 Kilometres 30
Slide 31: IKE Deposit Three Phase Drill Program
IKE Deposit Three Phase Drill Program Planned to Delineate Deposit & Establish Resources L) Ce 500 Metres 1) TS sSc Sn Gao y \ Northwest Cirg ue LEGEND Proposed Phase 1 Drill Hole (8 holes, 7000 m, $4.2M} 00 m, $5:.7M) Proposed Phase 3 Drill Hole (20 holes, 15,000 m, $20M) e IKE Deposit Drill Hole e
Slide 32: Greater Empress Two-Stage Drill Program
Greater Empress Two-Stage Drill Program Planned to Delineate Copper-Gold Resources ee LEGEND ~e i‘ e Propesed Diamond Hole ™~N Phase 1 (17 holes, 3,800m, $2.3M) “N @ Proposed Diamond Hole NY Phase 2 (38 holes, 9,500m, $5.7M) ——— A Historical Percussion Hole —~ (depth <100 m) —— @ Historical Diamond
Slide 33: BC copper-gold deposit reserves and resources comparison
Name Category Million Tonnes Cu % Au g/t Mo % Ag g/t Proven 262 0.38 0.29 Red Chris 1,A Probable 25 0.29 0.29 Proven 481 0.26 0.46 New Prosperity B Probable 350 0.18 0.35 Proven 51 0.28 0.30 0.53 Mt. Polley C Probable 23 0.27 0.28 0.63 Proven 115 0.36 0.17 0.004 Probable 109 0.30 0.15 0.004 Morrison
Slide 34: Reference sources
A. Greg Gillstrom P.Eng., Raj Anand, M.Eng. P.Eng., Steve Robertson, P.Geo., “2012 Technical Report on the Red Chris Copper-Gold Project”, February 14, 2012; Open pit cutoff – $1.50 MVH, Underground cutoff - $16.90 MVH (Mill Head Value) from website B. Scott Jones, P.Eng., “Technical Report on the 3
Slide 35: Contact information
“We Operate ina responsible manner so that our activities protectthe Health and Safety of oumemployees and contractors, and of the communities in which we work.” AMARC’S RESPONSIBEE MINERAL DEVELOPMENT POLICY ‘HBIAMARC, 14* Floor, 1040 W. Georgia Street Vancouver, BC Canada V6E 4H1 President & CEO: