Clean Air Metals, Inc. · TSXV:AIR
Clean Air Metals — Investor Presentation (May 2023)
23 slides from Clean Air Metals's investor presentation, May 2023
Slide 1: Thunder Bay North Critical Metals Project
METALS FOR THE CLEAN AIR REVOLUTION THUNDER BAY NORTH CRITICAL METALS PROJECT RESOURCE RESTATEMENT & PATH FORWARD MAY 2023 TSXV AIR OTCQB CLRMF FRA CKU CLEANAIRMETALS.CA
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Information set forth in this presentation may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial
Slide 3: Executive Chair, CEO and COO
Pt:Pd Ratio 1:1 geologically, lending JIM GALLAGHER, P.ENG EXECUTIVE CHAIR perfect optionality on price trend Most recently the CEO of North American Palladium (TSX:PDL), which operated the Lac Des Iles mine, at the sale to Impala Platinum Holdings (JSE:IMP) in December 2019 for approximately $1 Bil
Slide 4: Executive Management & Board
EXECUTIVE MANAGEMENT & BOARD Dean Chambers, P.Eng. ICD.D Independent Director Mr. Chambers is a professional engineer and financial executive with over 35 years of business, technical and financial experience. In 2017, Mr. Chambers retired as Executive Vice President and Chief Financial Officer at S
Slide 5: Executive Management & Board (continued)
EXECUTIVE MANAGEMENT & BOARD (...CONTINUED) Ewan Downie Independent Director Now CEO of the new i80 Gold, Mr. Downie was most recently President and CEO of Premier Gold Mines Limited since its inception in 2006. He has been working in the mineral exploration and mining industry for more than 25 year
Slide 6: Thunder Bay North Project Location
THUNDER BAY NORTH PROJECT LOCATION WHERE INFRASTRUCTURE MEETS GRADE • 40 km North of Thunder Bay • 65 km S of Lac des Iles Mine • Paved provincial Hwy thru NW corner of claims • 230 KVA tx line through SE corner of claims • Natural Gas 20 km north Favorable Mining Jurisdiction + proximity to major m
Slide 7: Thunder Bay North Critical Metals Project, Ontario, Canada
THUNDER BAY NORTH CRITICAL METALS PROJECT, ONTARIO, CANADA Clean Air Metals Announces the New SLR Mineral Resource Estimate for the Thunder Bay North Critical Metals Project with an Indicated Resource of 14.0 million tonnes containing 1.2 million ounces of 2PGE (Pt+Pd) 57,500 tonnes of Cu and 34,300
Slide 8: Pre-Feasibility Study (PFS) – On Hold
PRE-FEASIBILITY STUDY (PFS) – ON HOLD Scope of Work: Timing • Provide project oversight for PFS • December ‘22 to August ‘23 • Design project to approx. 15% engineering (PFS level) • Prime study consultant. • Based in Quebec, with offices • Mine, Surface Infrastructure, Tailings, Water throughout On
Slide 9: Base Case Recoveries
BASE CASE RECOVERIES Cu Ni Pt Pd Rh Au Ag Co S Average Mill Feed % % g/t g/t g/t g/t g/t % % 0.41 0.215 1.62 1.59 0.042 0.098 2.20 0.015 1.73 Grade Recovery Split Concentrate Option Mass Cu Ni Pt Pd Rh Au Ag Co Cu Ni Pt Pd Rh Au Ag Co % % % g/t g/t g/t g/t g/t % % % % % % % % % Cu Concentrate 1.47 2
Slide 10: Conceptual Timeline
CONCEPTUAL TIMELINE 2022 2023 2024 2025 2026 2027 2028 2029 2030-38 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 BASELINE STUDIES INDIGENOUS AND STAKEHOLDER ENGAGEMENT CLAIMS TO LEASE PROCESS PROVINCIAL EA OR CLASS EAs POST EA PERMITTING AND APPROVALS PEA SUBMISSION EXPLORATION, DELINEATION, DEFINITION DRILL
Slide 11: Designed to Be a Significant Contributor of Green Energy and Zero Emission Metals
THUNDER BAY NORTH PROJECT DESIGNED TO BE A SIGNIFICANT CONTRIBUTOR OF GREEN ENERGY AND ZERO EMISSION METALS METALS INVENTORY DESIGNING SUSTAINABLE PRODUCTION Pt – Critical to the Hydrogen economy Striving for Carbon Neutrality Pd – Reduction of internal combustion • 100% renewable grid supply based
Slide 12: Hydrogen Economy Driver for PGE Demand
HYDROGEN ECONOMY DRIVER FOR PGE DEMAND “Automobiles only account for 10% of global CO2 loadings. To achieve Net Zero, coal and natural gas must be replaced. The only way to achieve this is Hydrogen.” • PGE anodes and cathodes are critical to high efficiency electrolysis of water to produce Green Hyd
Slide 13: Demonstrating Social Responsibility
DEMONSTRATING SOCIAL RESPONSIBILITY T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 13
Slide 14: Signing of the Exploration Agreement
SIGNING OF THE EXPLORATION AGREEMENT T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 14
Slide 15: Capital Structure
CAPITAL STRUCTURE April 30, 2023 Shares Issued 224,000,000 Warrants ($0.25/sh.) Feb 22/24 55,410,400 Warrants ($0.55/sh.) Feb 22/23 6,372,550 Cash $10.5 million Management – 5% Benton Resources (BEX: TSXV) – 11% Institutional – 40% ~ T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 15
Slide 16: MT Geophysical Data Targeting Magma Conduits and Massive Sulphides
MT GEOPHYSICAL DATA TARGETING MAGMA CONDUITS AND MASSIVE SULPHIDES TARGET C Escape Deposit TARGET B Current Deposit TARGET D TARGET E TARGET A Quetico Fault System TARGET F Escape Lake Fault System T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 16
Slide 17: Greenfields Exploration Targeting Massive Sulphides
GREENFIELDS EXPLORATION TARGETING MASSIVE SULPHIDES SIMILAR TO Talnakh Field Thunder Bay NORIL’SK DEPOSIT Historic Production/ North Project Current Reserves TBN INTRUSIVE (Noril’sk) COMPLEX, ESCAPE LAKE 13Mt Ni Escape Lake Fault 24 Mt Cu FAULT 250 Moz PGM Current Intrusion COMPARISON WITH TALNAKH F
Slide 18: Greenfields Exploration Targeting Massive Sulphides
GREENFIELDS EXPLORATION TARGETING MASSIVE SULPHIDES SIMILAR TO NORILSK DEPOSIT EXPLORATION VECTOR MASSIVE SULPHIDES IN THE CURRENT DEPOSIT Beaver Lake Zone 2.6m@97.98gpt Pd+Pt+Au +14.9% Cu+Ni T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 18
Slide 19: Greenfields Exploration Targeting Massive Sulphides – Noril'sk Model
GREENFIELDS EXPLORATION TARGETING MASSIVE SULPHIDES – NORIL’SK MODEL MASSIVE SULPHIDES IN ESCAPE DEPOSIT (HOLE ELR21-041) SIMILAR TO Au (g/t) Pd (g/t) Pt (g/t) Co (%) Cu (%) Ni (%) NORIL’SK 0.23 7.93 6.41 0.151 4.76 2.50 HEAD GRADE T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 19
Slide 20: T S X V AI R O T C Q B C L R
T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA
Slide 21: T S X V AI R O T C Q B C L R
T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 21
Slide 22: T S X V AI R O T C Q B C L R
T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 22
Slide 23: Contact
Jim Gallagher, P.Eng. Executive Chairman 705.690.7997 jgallagher@cleanairmetals.ca Abraham Drost, MSc P.Geo. CEO 807.252.7800 adrost@cleanairmetals.ca Mike Garbutt, MBA P.Eng. COO 705.207.2111 mgarbutt@cleanairmetals.ca Geoff Heggie, PhD P.Geo. VP Exploration 807.631.4654 gheggie@cleanairmetals.ca T