Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (June 2024)
38 slides from Ridgeline Minerals's investor presentation, Jun 27, 2024
Slide 1: Exploration Done Differently
1 Exploration Done Differently June 27, 2024 Corporate Deck TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0
Slide 2: Disclaimer
2 CAUTIONARY STATEMENT Disclaimer Forward Looking Statements Qualified Persons. Michael Harp, CPG., Vice President, Exploration, is the Qualified Person as defined by National Instrument 43-101 and has reviewed Statements contained in this presentation that are not historical facts are “forward-look
Slide 3: Ridgeline Minerals
3 ABOUT US Ridgeline Minerals Ridgeline is a Western US focused precious and base metal explorer with a portfolio of five highly prospective exploration projects in Nevada and a multi-project partnership (US $40M) with Nevada Gold Mines (NGM) WORLD-CLASS CRD DISCOVERY US$40M NGM EARN-IN LOCATIONS 10
Slide 4: Management Team
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 4 Management Team Chad Peters B.Sc., P.Geo Mike Harp M.Sc., CPG Duane Lo CPA (CA) President, CEO & Director Vice President, Exploration CFO & Director ▪ Led multi-million-ounce high-grade CSD ▪ Led multi-million-ounce North Dark Star ▪ 20+ years of international
Slide 5: Capital Structure
MANAGMENT ALIGNED WITH SHAREHOLDERS 5 Capital Structure As at June 1, 2024 7.8% Management 109.7M Large Shareholders o Chad Peters – 3.3% Non-Diluted I/O o Stephens Investment Mgmt. o Rick Rule Cash ~ C$2.0M 5.0M 1.2M 26.9M o Merk Investments Options RSU/DSU Warrants o Extract Capital o EMX Royalty
Slide 6: 5 Projects
Twin Creeks Midas Black Ridge Turquoise Ridge BELL CREEK Au 6 AU South Arturo $10M NGM Earn-In Wells 100% RDG Pinson CORE LAND POSITIONS Winnemucca Meikle Goldstrike Leeville-Turf Lone Tree Carlin Elko Mike 5 Projects Marigold Battle Mountain Gold Quarry Carlin Big Blue Cu-Au-Ag ± Pb-Zn 100% RDG 195
Slide 7: Business Model: Discover and Monetize
BUSINESS MODEL 7 Hybrid Explorer 4 3 Add Value By Discovery Reduce Risk With Partnerships 2 MONETIZE 1 DE-RISK 4 Monetize asset via sale DISCOVER . os m 3 Maiden resource 4 -2 12 EXPLORE Selena . os m 4 2- 2 2 Discoveries advanced 1 Swift - $30M s . mo Black Ridge - $10M 12 -24 1 Exploration Pipelin
Slide 8: Our Leverage to Discovery
BUSINESS MODEL 8 Our Leverage to Discovery 2024 NGM Budget - US $5.2M 30,000,000 RDG Invested Capital vs. Partner Funded Capital US $30M +830% for each RDG $ spent 25,000,000 20,000,000 RDG retains option for “Fully-Carried” 25% interest to commercial production across both deals 15,000,000 10,000,0
Slide 9: Why a Minority Joint Venture Interest Matters
BUSINESS MODEL 9 Why a Minority Joint Venture Interest Matters ▪ There are many past examples of minority interests in major discoveries yielding outsized returns for investors ▪ Ridgeline’s two JV deals with Nevada Gold Mines have the potential for similar trajectories if a discovery is made while
Slide 10: Swift
10 PARTNER PROJECTS Swift Optioned - Nevada Gold Mines 75 km2 Land Package Carlin- Type Au-Ag Click Here NGM EARN-IN LOCATION THE OPPORTUNITY 2024 OBJECTIVE US $30M earn-in agreement signed District-scale land package on NGM targeting a 5+ Moz high- $5.0M NGM exploration budget to with NGM (09-22-20
Slide 11: Nevada Gold Mines Earn-In
11 SWIFT Nevada Gold Mines Earn-In ▪ Partnering with NGM at Swift eliminates the high exploration risk and cost associated with deep drilling ▪ Deal structure provides Ridgeline with exposure to Swift across all levels of project development with zero corporate dilution ▪ NGM aggressively exploring
Slide 12: Discovery Potential
12 SWIFT Swift Project ($30M RDG-NGM JV) 75km² Discovery Potential Target Elder Creek PWC Project ($20M RLYG –Kinross JV) ▪ First 4 NGM framework holes (2021-2022) at Swift Greystone Clipper Robertson hit significant gold intercepts including: Pipeline ▪ 51.1m @ 0.19 g/t Au, Incl: 1.5m @ 1.51 g/t Au
Slide 13: Schematic Long Section A-A'
13 SWIFT Schematic Long Section A-A’ ▪ US $7.2M spent by NGM at Swift to-date with a US $5.0 drilling budget approved for 2024 – Q2-Q4 drilling (4-5 holes) A 9.1m @ 0.51g/t Au SWIFT - RDG NGM A’ SW23-005 3.0m @ 2.27 g/t Au 48.8m @ 0.45 g/t Au Incl: 18.3m @ 0.64 g/t Au SW20-003 3.4m @ 1.92 g/t Au Inc
Slide 14: Black Ridge
14 PARTNER PROJECTS Black Ridge (Previously Carlin-East) Optioned - Nevada Gold Mines 19.5 km2 Carlin Trend Land Package Carlin- Type Au-Ag Click Here NGM EARN-IN STRATEGIC LOCATION THE OPPORTUNITY 2024 OBJECTIVE US $10M earn-in agreement NGM budget of US $200k to ~4km down-strike of the Leeville Si
Slide 15: Nevada Gold Mines Earn-In
15 BLACK RIDGE Nevada Gold Mines Earn-In ▪ Deal structure provides Ridgeline with exposure to Black Ridge from discovery to project development with zero corporate dilution ▪ Second Ridgeline deal with NGM totaling US$40M in potential total expenditures across Black Ridge and Swift projects To view
Slide 16: Strategic Location
16 REN BLACK RIDGE 1.6Moz @ 6.6 g/t Au(9) Coyote (NGM) (100% RDG) Strategic Location Bell Creek (100% RDG) Black Ridge (NGM Earn-in) ▪ On-strike of NGM’s maiden inferred resource at Fallon (previously North Leeville) of 1.0 Moz. Au @ 11.3 g/t (9) Highlight Fallon Drill Intercepts Carlin Mine N 19 km
Slide 17: Leeville Schematic Long Section
17 BLACK RIDGE Leeville Schematic Long Section ▪ Nevada Gold Mines to spend US$200k on systematic field mapping, soil sampling and target generation in 2024 to support a maiden drill program in 2025 ▪ CE21-003 intersected unaltered Rodeo Creek Formation (a host at the Fallon discovery and Leeville -
Slide 18: Big Blue
18 PIPELINE PROJECTS Big Blue 41 km2 Land Package Porphyry & CRD Cu-Au-Ag ± Pb-Zn 100% OWNED HIGH-GRADE THE OPPORTUNITY 2024 OBJECTIVE 41km² land package covers past Delker Mine Trench Potential to discover porphyry/skarn • H1 – Geophysical surveys (3D IP) producing Delker Mine and is • 0.6m @ 15.5%
Slide 19: Historic Cu District
Delker Mine Trench 1 Produced 94k lbs. Cu @ 6.2% 0.6m @ 15.5% Cu, 0.2 g/t Ag, 0.1% Co 1916-1917(14) Within 0.4% Cu, 2.4m @ 4.6% Cu, 0.5 g/t Ag, 0.06% Co 19 9.6 g/t Au, 0.3 g/t Ag (quartz vein) BIG BLUE 10.8% Cu, 0.1 g/t Au, 4.5 g/t Ag (Test Pit Sample) Delker Historic Cu District Mine 6.4% Cu, 0.2 g
Slide 20: Porphyry Zonation
Delker Mine Trench 1 Produced 94k lbs. Cu @ 6.2% 0.6m @ 15.5% Cu, 0.2 g/t Ag, 0.1% Co 1916-1917(14) 0.4% Cu, Within 20 9.6 g/t Au, 2.4m @ 4.6% Cu, 0.5 g/t Ag, 0.06% Co 0.3 g/t Ag (quartz vein) BIG BLUE Porphyry & Skarn Delker Cu-Au ± Ag-Co Porphyry Zonation Mine 10.8% Cu 5.8% Cu 6.4% Cu 5.5% Cu ▪ Po
Slide 21: Two Porphyry Centers
Trench 1 0.6m @ 15.5% Cu, 0.2 g/t Ag, 0.1% Co 21 Within 2.4m @ 4.6% Cu, 0.5 g/t Ag, 0.06% Co BIG BLUE Outcropping Jurassic Porphyry 0.4% Cu, 9.6 g/t Au, 0.3 g/t Ag Two Porphyry Centers (qtz. vein) 0.3% Cu, 0.1 g/t Au, 0.2 g/t Ag Delker (qtz. vein) 10.8% Cu, Mine 0.1 g/t Au, ▪ Airborne magnetics data
Slide 22: Big Blue X-Section A-A'
22 BIG BLUE Big Blue X-Section A-A’ ▪ Magnetics inversion highlights untested Mag “high” down-dip of historical Delker Mine (porphyry/skarn target?) ▪ IP Survey planned for Q3, 2024 to refine porphyry Cu targets at depth A Delker Mine A’ Stratigraphy Produced 94k lbs. Cu @ 6.2% 1916-1917(14) Alluviu
Slide 23: NOI Exploration Permit
Notice of Intent permit will be amended after completion of IP survey to permit additional drill pad 23 locations to the west to cover both porphyry targets BIG BLUE Outcropping Jurassic Porphyry 0.4% Cu, NOI Exploration Permit 9.6 g/t Au, 0.3 g/t Ag (quartz vein) Delker Mine ▪ Big Blue is permitted
Slide 24: Cu Skarn Rock Chips
24 BIG BLUE Cu Skarn Rock Chips ▪ Historical mining at the Delker Mine targeted enriched oxide Cu skarn within 5 meters of the surface ▪ Historic operators did not explore under alluvial cover to target the potential porphyry Cu-Au source Sample #11 – 15.5% Cu Big Blue Cu Skarn Chrysocolla Chrysocol
Slide 25: Selena
25 PIPELINE PROJECTS Selena 39 km2 Land Package Carbonate Replacement Deposit Ag-Pb-Zn-Au ± Cu-W Click Here 100% OWNED HIGH-GRADE THE OPPORTUNITY 2024 OBJECTIVE 39km² land package located Chinchilla Zone Define a large open-pit and • Plan of Operations Exploration directly adjacent to Freeport- • 6.
Slide 26: Discovery Potential
26 SELENA Selena Discovery Potential CRD Discovery - Nevada Hilltop CRD Discovery - Nevada Selena (Ridgeline) Hermosa-Taylor OPEN 3.7km + Strike CRD Deposit - Arizona Discovery Holes (2021-2022 (2)) 6.1m @ 480 g/t Ag, 6.4% Zn, 12.0% Pb, 0.1 g/t Au – SE22-045 Cinco De Mayo 4.6m @ 421.0 g/t Ag, 3.7% Z
Slide 27: Selena CRD Checklist
27 SELENA Selena CRD Checklist Features Common to all Known Large CRD Deposits Location – Main Street CRD/Porphyry belt Location – Top of carbonate section (room to grow) Ag (+400 g/t), Au-Zn-Pb-Cu ± Mn-As-W… Multiple mineralization and alteration stages Large-scale zoning Presence of felsite dikes
Slide 28: District-Scale Property
28 Bald Mountain Mine SELENA (Kinross) District-Scale Property ▪ 39km² contiguous land package in the historic Limousine Butte mining district in FCX - JV Nevada FCX - JV FCX - JV ▪ Shared boundary with the Butte Valley Butte Valley Freeport – McMoRan & Falcon Butte JV) Porphyry, a US $33M Freeport
Slide 29: Porphyry Zonation
29 SELENA Selena Deposit Zonation Porphyry Zonation Chinchilla Multiple deposit types across 5 target areas Oxide Ag-Pb-Zn-Au 5 Highlight Drill Intercepts By Target 2 Broken Egg 1 3.0m @ 40.2 g/t Ag, 7.0% Pb-Zn, 3.0 g/t Au - SE22-037 1 Oxide Au 3 Chinchilla Juniper 6.1m @ 480.0 g/t Ag, 18.4% Pb-Zn,
Slide 30: Chinchilla Long Section A-A'
30 SELENA Chinchilla Long Section A-A’ ▪ Chinchilla zone exhibits both open-pit and underground potential over 3.7+ km of drilled strike that outcrops at surface Historical Butte Valley Drill Intercepts Broken Egg BV-14: 36.5m @ 0.2% Cu, 0.1 g/t Au, 0.5g/t Ag,(6) Oxide Au Chinchilla Sulfide Chinchil
Slide 31: Chinchilla Long Section A-A' – 3D Mag Inversion
31 SELENA Chinchilla Long Section A-A’ – 3D Mag Inversion ▪ Strong magnetic highs at the Skarn and Chinchilla Sulfide targets represent a priority exploration target Historical Butte Valley Drill Intercepts BV-14: 36.5m @ 0.2% Cu, 0.1 g/t Au, 0.5g/t Ag,(6) Broken Egg Oxide Au Chinchilla Sulfide Chin
Slide 32: Chinchilla Sulfide Target vs Taylor Sulfide Deposit
32 SELENA Chinchilla Sulfide Target vs Taylor Sulfide Deposit ▪ The Chinchilla Sulfide Target exhibits similar scale potential and proximity to a porphyry source as the Taylor Sulfide Deposit (South32 comparison is for illustrative purposes only) with hole SE22-037 & 038 highlighting discovery poten
Slide 33: New Porphyry Target
1a Selena RMI Magnetics Map 33 SELENA Chinchilla Oxide New Porphyry Target QFP Dikes Chinchilla Sulfide Target Selena Porphyry ▪ Subtle magnetic anomaly SE of the Chinchilla Butte Valley Porphyry Skarn Anomaly Target Oxide zone was identified in 2023 drone magnetics and correlates directly with a pr
Slide 34: Selena Inclined Long Section – Porphyry Target
34 SELENA Selena Inclined Long Section – Porphyry Target ▪ The Chinchilla Sulfide and Oxide zones are both directly adjacent to porphyry centers SE22-037 3.0m @ 266.0 g/t AgEq And: 3.0m @ 605.3 g/t AgEq SE23-047 SE22-045 Chinchilla 60.7m @ 175.2 g/t AgEq 6.1m @ 1,137.2 g/t AgEq Oxide SE22-038 LB-072
Slide 35: Inclined X-Section – Porphyry Target
35 SELENA Inclined X-Section – Porphyry Target Chinchilla LB-072 Oxide 7.7m @ 938.9 g/t AgEq SE22-045 6.1m @ 1,137.2 g/t AgEq Mag-Low SE22-039A 1.5m @ 581.0 g/t Ag, 2.2 W, 0.5% Cu SE23-050 0.1m @ 3,335 g/t Ag, 1.3% Pb, 1.1% Cu, 3.4% W Selena Porphyry Anomaly QFP dikes (sourced from Selena Porphyry?)
Slide 36: 2024 Exploration Strategy
DIVERSIFIED PROJECT PIPELINE 36 2024 Exploration Strategy FLAGSHIP CRD DISCOVERY Targeting open-pit & underground Ag-Pb-Zn-Au (CRD) deposit PARTNER PROJECTS 2024 drilling to test the Chinchilla Swift - US $30M NGM earn-in Sulfide target (RDG or partner-funded) Black Ridge – US $10M NGM earn-in 2024
Slide 37: President & CEO / Investor Relations
37 PRESIDENT & CEO INVESTOR RELATIONS Chad Peters, P.Geo David Jan 775-304-9773 604-828-2255 cpeters@ridgelineminerals.com info@ridgelineminerals.com Icon Logo Description automatically generated Description automatically generated ridgelineminerals.com TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0 ridgelin
Slide 38: Directors & Advisors
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 38 Directors & Advisors Chad Peters, President, CEO & Director Duane Lo, CFO & Director 15 years of exploration and production experience. Co-founded 20+ years International accounting and financial management Ridgeline in 2018, former exploration manager for Pr
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