Emperor Metals, Inc. · CSE:AUOZ
Emperor Metals — Investor Presentation (January 2025)
37 slides from Emperor Metals's investor presentation, January 2025
Slide 1: Targeting Quebec's Prolific Abitibi Greenstone Belt
ud EMPEROR METALS TARGETING QUEBEC'S PROLIFIC ABITIBI GREENSTONE BELT CSE: OTCQB: FRA:
Slide 2: Cautionary Statements
vad CAUTIONARY STATEMENTS EMPEROR METALS DISCLAIMER Emperor Metals Inc. is a Canadian mineral exploration company listed on the Canadian Securities Exchange, or CSE, which is operated by CNSX Markets Inc. Neither the CSE nor its Market Regulator (as that term is defined in the Trading Rules and poli
Slide 3: Management and Directors
MANAGEMENT AND DIRECTORS Management & Advisory of >20 Public Mining Companies with >200 years of experience in the Public Mining Sector & Capital Markets Principals, Directors and Advisors own 10% of Emperor and have raised >$1Billion for projects throughout exploration, development & production and
Slide 4: o o *Power-Fardy and Breede, 2011. The Mineral Resource Estimate (MRE) constructed in 2011
• • • • • • • o o • *Power-Fardy and Breede, 2011. The Mineral Resource Estimate (MRE) constructed in 2011 is considered historical in nature as it was constructed prior to the most recent Canadian Institute of Mining and Metallurgy (CIM) standards (2014) and guidelines (2019) for mineral resources.
Slide 5: Ownership
10% 7% 3% 48% 32% Management Rob McEwen Property Vendor High Net Worth Retail
Slide 6: Flagship Duquesne West Gold Project
FLAGSHIP DUQUESNE WEST GOLD PROJECT et DEROR METALS RICH HISTORY OF PROLIFIC MINING The Abitibi Region is one of the world’s most prolific gold producing districts with ~200 million ounces of gold produced to date! Total historical gold production from the many high-grade gold deposits along the eas
Slide 7: Tier 1 District - Abitibi Greenstone Belt
TIER 1 DISTRICT —- Abitibi Greenstone Belt vad HISTORIC PROLIFIC AND PRODUCTIVE MINING» EMPE ROR N © Producing Mine © Development Project & Geological Fault Abitibi Greenstone Belt vie Qo gla : <8 200 M Oz Au Produc« Zi Te | , Agnico Ea0e on American a, Wa. [isco Jed [Hotoway DUQUESNE WES oyle Pond
Slide 8: District Ownership - Neighborhood Deposits
DISTRICT OWNERSHIP NEIGHBORHOOD DEPOSITS vad EMPEROR METALS [ | | fe | | | uh * ‘Agnico Eagle “Holt Ind: 898,000 oz Au Inf: 1,310, ‘Au J Ind: 3,383,000 oz Au Inf: 157,000 oz Au [First mining | Duparquet Gold Ind: 3,432,100 oz Au Moneta Gold Inf: 1,636,000 oz Au || Tower Gold Ind: 4,460,000 oz Au Inf
Slide 9: AI Machine Learning
Al MACHINE LEARNING EME ROR METALS Advantages of Al Increased Efficiency: Al automates data analysis, expediting exploration workflows and optimizing resource allocation Improved Accuracy and Precision: Machine learning minimizes human bias, ensuring accurate identification of mineralization pattern
Slide 10: 2023 AI 3D Modelling Targets
vad 2023 Al 3D MODELLING TARGETS EMPEROR Preliminary Model - Grade x Thickness (Looking North) - Long Section METALS 320L 2404 160L 80L OL -B0L -160L °240L 320L 400 L 480 L 560 L 640 L T20L B00 L -999,000 <= I < 7.500 7.500 <« I < 8.500 ie 8500 <= ff} <9.500 is oe 9.500 <= fj < 11,000 11.000 <= fj <
Slide 11: Potential Stope Grade and Thickness
ad POTENTIAL STOPE GRADE AND THICKNESS EMPEROR METALS GRADE (Au, g/t) | STOPE THICKNESS (m) CRITERIA USED aoc an Minable Shape Optimizer (MSO) 15.860 1138 used Gold Cutoff of 3 g/t Au and Gold 15.669 1137 EPSBOGK Aw 15.399 14.68 » Minimum dimensions 2.5 m (width) x 14.249 14.75 8 m (length) x 4 m (h
Slide 12: 2023 Drilling Highlights
2023 DRILLING HIGHLIGHTS PMIPEROR Maiden 2023 drilling completed November 2023, for a total of 8,579 m METALS FROM To Interval Au Hole No. (m) (m) (m) (g/t Au) Expansion DQ 23-01 661.8 663.85 4.15 2.77 Underground DQ 23-01 531.3 543 11.7 5.63 Underground DQ 23-02 540.25 550.9 10.65 3.97 Underground
Slide 13: Phase I Assays and Core
ad PHASE I ASSAYS AND CORE EMPEROR SUMMER 2023 DRILLING — DQ23-01 & DQ23-05 METALS Representation of mineralized & altered core from Representation of mineralized & altered core from DQ23-05 (10.8 m of DQ23-01 (11.7 m of 5.63 g/t Au) core depth of 531.3 m 15.8 g/t Au (includes 3.4 m of 27.24 g/t Au)
Slide 14: Open Pit Concept
OPEN PIT CONCEPT vad EMPEROR SHOWING BOTH PHASE 1 AND ULTIMATE PIT SCENARIO mers Legend Ultimate Pit Concept Gold Grades (g/t) ‘ Open Pit Mineralization (>0.4 g/t Au) -999,000 < [| <= -1.000 Underground Stopes (>3.0 g/t Au, 2.5 m minimum thickness) The open-pit model hosts multiple zones of high- gr
Slide 15: Open Pit Concept
OPEN PIT CONCEPT EMPEROR METALS It is estimated around 50% of historical drill core from surface to 500 meters is unsampled/assayed because previous operators overlooked the open pit potential. 2,500 m of historical core was assayed in 2023 successfully adding to the resource footprint and another 8
Slide 16: Opportunity
uf OPPORTUNITY EMPEROR METALS iS ES
Slide 17: Expanding Footprint of High-Grade Lens
10.8 m of 15.8 g/t Au and 24.8 m @ 1.8 g/t Au Expanding Footprint of High-Grade Lens (Long Section-Looking North) Increasing ounces! MRE Q1 2025 1DQ23-05 (DDH Pierce Point) DQ24-11 (DDH Pierce Point) Blue Sky Potential . a (No DDH pierce points) Minable Stope Optimizer Shapes UG Criteria: >2.5 m Thi
Slide 18: Footwall Zone Minable Stope Optimizer Polygons
Footwall Zone Minable Stope Optimizer Polygons Criteria: >2.5 m of >3.0 g/t Au 6.2 m of 16.3 g/t Au 8.7 m of 6.5 g/t N Au 17.2 m of 3.5 g/t Au Inset 3.65 m of 6.25 g/t Au Legend 4.1 m of 6.7 g/t DQ23-02 Intercepts Au Stope Model Thickness (m) & Grade (g/t Au) – Historical Drilling DDH location relat
Slide 19: AI Geological Model
Al GEOLOGICAL MODEL EMPEROR METALS Cross Section of |[DQ23-05) (Looking west) +/- 20 m Window - First ever geological model on property (Al Developed) - — |lluminates' competency contrast for previously unrecognized additional mineralized zones/ targets - Enlightens the controls to mineralization, w
Slide 20: Geophysics 2023
GEOPHYSICS 2023 Vv A 424 line-km aeromagnetic geophysical survey comprising of 14.5 km2 was completed at the Duquesne West Gold Project in February 2024. v The survey enhances Emperor's exploration strategy by refining geological models and targeting capabilities for gold deposition. v Used to assis
Slide 21: Expansion Potential
vad EXPANSION POTENTIAL EMPEROR METALS Duquesne West Gold Project, Quebec \ 1.1km == Z | — gap — +— Area of3D | Blue Si (ee Geophysical Model \ 16.0 m of 6.06 g/t Au || 17.0mots.ozg/tau \\ 2.5 m of 51.88 g/t Au 1.0 m of 32.23 g/t Au 21
Slide 22: 2024 Drilling Program
2024 DRILLING PROGRAM \\ 2024 Drilling B Blue Sky Potential ad EMPEROR METALS 22
Slide 23: Duquesne West Open Pit Concept
ad DUQUESNE WEST OPEN PIT CONCEPT EMPEROR METALS N Minable Stope Optimizer Shapes Open Pit Criteria: >5.0 m Thickness of >0.3 g/t Au 7 \ * Opportunity to Increase Resources with Additional Drilling * Strategy to Coalesce Satellite Pits 400 m Depth Gold Grades g/t 0.000 < |_| <= 0.400 2.5mof10.3¢/tAu
Slide 24: Duquesne Open Pit Concept - Oblique View
vad DUQUESNE OPEN PIT CONCEPT EMPEROR 7 . 7 METALS Oblique View Looking West Minable Stope Optimizer Shapes Open Pit Criteria: >5.0 m Thickness of >0.3 g/t Au * Opportunity to Increase Resources and Grade with Additional Drilling * Visible Gold Upside to Grade with Closer Spaced Drilling. 56.1 m of
Slide 25: Duquesne Open Pit Concept - Cross Section
vad DUQUESNE OPEN PIT CONCEPT EMPEROR Cross Section (Looking West) + /-25 m Window METALS DQ24-12 =™N 74 Gold Grades g/t 0.000 < |_| <= 0.400 0.400 < [J <= 0.500 0.500 < [J <= 0.800 0.800 < [) <= 1.000 7.000 < [| <= 3.000 3.000 <[_| <= 5.000 5.000 < [fl <= 7.500 38.3 m of 4.1 g/t Au 7.500 < [ll <= 1
Slide 26: Hole No. From To Interval Au
FROM TO Interval Au HOLE NO. Expansion Target (m) (m) (m) (g/t Au)
Slide 27: Visible Gold Occurrences in DQ24-12
Lad EMPEROR METALS VISIBLE GOLD Occurrences in DQ24-12 27
Slide 28: Gold Recovery: CN Leach vs. Fire Assay
Gold recovery: CN leach vs. Fire Assay Fire Assay Samples (Hole ID) CN (Au ppm) Thickness (m) Recovery (Au ppm) • R: Replacement Style Mineralization • Q: Quartz Feldspar Porphyry Related Mineralization Table 1: Results of the bulk leachable gold using modified cyanide (CN) leach vs Fire Assay to de
Slide 29: Company Comparable Analysis
COMPANY COMPARABLE ANALYSIS vad EMPEROR METALS 300.00 250.00 i<j 2 i 200.00 a w 2 a 150.00 © 3) % g 100.00 J = 50.00 0.00 x” so a we & PROJECT Duquesne West Douay Chimo Chevrier Tower Marban Perron Duparquet Fenn-Gib Novador Rouyn-Noranda Val-d'Or — yai-d'Or Rouyn-Noranda Timmins Val-d'Or Rouyn-Nora
Slide 30: Lac Pelletier (Under Purchase Agreement)
LAC PELLETIER (UNDER PURCHASE AGREEMENT) vf EMPEROR METALS Highlights Lac Pelletier has a historical mineral resource of 89,400 Oz Au Measured & Indicated at 4.08 g/t Au and 137,600 Oz Au at 3.89 g/t Au is contained in several zones of mineralization 227,000 Oz Gold (Au) 105,000 meters of drilling h
Slide 31: Lac Pelletier (Under Purchase Agreement)
LAC PELLETIER (UNDER PURCHASE AGREEMENT) 105,000 m of drilling (20% UG Drilling) 20OR Other Zone? South Dipping Nearby Stadacona Mine 2.74 Mt @ 5.25 g/t Au (462Koz Au)
Slide 32: Lac Pelletier Neighbour Deposits
LAC PELLETIER NEIGHBOUR DEPOSITS 0 2.5 — km 5 a N - New Senator rg<_| 0-23 Moz Au produced —_ Emperor Metals - Lac Pelletier M&il: 89 Koz @ 4.08 g/t Au Falco - Horne 5 M&A: 7.64 Moz @ 2.25 g/t AUEq Ll Rouyn Inf: 137 Koz @ 3.89 g/t Au Opawica Explorations l Stadacona Mine 0.47 Moz Au produced Ind: 0.
Slide 33: Timeline
TIMELINE EMPEROR METALS Duquesne West Gold Project - 2024 Period Highlight 54 1% Complete ACTIVITY ee oetne PERIO os «== 2024-01 Q2 Q3 4 START COMPLETE 100% 23 100% Al Remodel ° 7 a 33
Slide 34: Drilling Costs Differentials
ad DRILLING COSTS DIFFERENTIALS EMPEROR Meters Drilled 250,000 200,000 150,000 100,000 50,000 Drilling Costs Differentials Savings Realized $20,000,000 $30,000,000 $40,000,000 Expenditures —$250/m —$450/m ——$650/m $50,000,000 METALS Location, Location, Location Development Plan: 100,000 m Drilling S
Slide 35: Option Agreement Payments Schedule
Work Work Year Due Date Cash Shares Commitment Comm. Date *
Slide 36: Option Agreement Cost/Ounce - CAD
vad OPTION AGREEMENT COST/OUNCE - CAD EMPEROR METALS $/oz Current Cost L $/oz Short Term Vision — $/oz Long Term Vision —> $20 $18 $16 $14 $12 $10 $8 wi vv z 5 C) ~ Q < wl 3) a a $6 $4 $2 $0 36
Slide 37: Contact Us
vad EMPEROR METALS Contact Us John Florek Q Alex Horsley President, CEO & Director © IR, Corporate Development, Director Johnf@emperormetals.com & Alexh@emperormetals.com 807.228.3531 Q 7783233058 = emperormetals.com Q Head Office 10545 45 Avenue, NW CSE: AUOZ @) 250 Southridge, Suite 300 SZ OTCQB:
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