Slide 1: Sunday Lake PGM Project Highlights
SUNDAY LAKE PGM PROJECT HIGHLIGHTS XTM – TSXV | Q1 2020 INVEST IN TOMORROW, TODAY. XTM – TSXV | Q1 2020 1
Slide 2: Sunday Lake Project Key Points
SUNDAY LAKE PROJECT KEY POINTS • LOCATED IN THE EMERGING PGM-CU-NI DISTRICT OF THE MIDCONTINENTAL RIFT • 25% FREE CARRIED INTEREST OWNED BY TRANSITION METALS • PROJECT CURRENTLY BEING ADVANCED BY IMPALA CANADA • LOCATED 25 KM NORTH OF THE CITY OF THUNDER BAY AND 60 KM SOUTHEAST OF THE LAC DES ILES M
Slide 3: Sunday Lake Project
SUNDAY LAKE PROJECT ➢ Excellent location close to infrastructure and other advanced projects INVEST IN TOMORROW, TODAY. XTM – TSXV | Q1 2020 3
Slide 4: Sunday Lake Project
SUNDAY LAKE PROJECT ➢ Excellent location close to infrastructure and other advanced projects INVEST IN TOMORROW, TODAY. XTM – TSXV | Q1 2020 4
Slide 5: Sunday Lake Project
SUNDAY LAKE PROJECT ➢ Similar geological environment as other well- mineralized intrusions ➢ Transition from ortho- to paragneiss INVEST IN TOMORROW, TODAY. XTM – TSXV | Q1 2020 5
Slide 6: Sunday Lake TBN Project Saturday Night
Sunday Lake TBN Project SUNDAY LAKE PROJECT Saturday Night ➢ Similar negative magnetic signature as other well- mineralized intrusions Thunder INVEST IN TOMORROW, TODAY. XTM – TSXV | Q1 2020 6
Slide 7: Work History
WORK HISTORY • 2013: Optioned by Impala and XTM from RTEC. SUNDAY LAKE – 6 hole, 2,546m drill program PROJECT – SL-13-002: 20.20m @ 2.11 g/t Pt, 0.95 g/t Pd, 0.16 g/t Au, 0.26 % Cu • 2014: Diamond Drilling – 5 hole, 2,550m drill program – SL-14-003: 15.00m @ 1.80 g/t Pt, 0.92 g/t Pd, 0.12 g/t Au, 0.
Slide 8: Work History
WORK HISTORY • 2017: NAP signs option agreement with Impala for 75% SUNDAY LAKE – Ground MT survey PROJECT – 8 hole, 8,605m drill program – SL-18-021: 35.85m @ 2.40 g/t Pt, 1.32 g/t Pd, 0.18 g/t Au, 0.43 % Cu – including: 23.30m @ 3.34 g/t Pt, 1.83 g/t Pd, 0.26 g/t Au, 0.60 % Cu • 2018: Diamond Dril
Slide 9: Geology
GEOLOGY • Buried mafic-ultramafic intrusion emplaced within Archean rocks of the SUNDAY LAKE Quetico Basin at depths of 60-1,100m. PROJECT • Identified by a prominent, remanent, magnetic anomaly, first identified during OGS airborne magnetic surveys • Emplaced along a prominent topographic lineament
Slide 10: Stratigraphy
1 STRATIGRAPHY Section 5391100mN 2 SN-16- 001 3 Section 5389800mN INVEST IN TOMORROW, TODAY. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018 XTM – TSXV | Q1 2020 10
Slide 11: Exploration Model
EXPLORATION MODEL • Anomalous to ore grade PGM-Cu-Ni mineralization intersected in all drill holes that test the basal contact of the SLI SUNDAY LAKE PROJECT • Thickness and grade is variable, ranging from ~1m - >40m • Thicker and higher grade accumulations of mineralized Marginal Zone appear to be
Slide 12: MT Survey Sites
MT SURVEY SITES A - west B - east SUNDAY LAKE PROJECT ➢ 2017-2018 - 102 MT stations collected ➢ 2 separate surveys ➢ Survey shown 40% CGM Ownership = $3.2 M to be very + effective for 30% SPC Ownership = $3 M + locating 9% Forum Energy Metals Ownership = $350K Note: Bubbles Looking potential scaled
Slide 13: Cross Sections
CROSS SECTIONS A - west B - east SUNDAY LAKE PROJECT ➢ MT survey used as main exploration tool. ➢ Following linear trends of conductive 40% CGM Ownership = $3.2 M response. + ➢ Correlates to 30% SPC Ownership = $3 M + potential 9% Forum Energy Metals Ownership = $350K Note: Bubbles Looking structure
Slide 14: MT Survey
MT SURVEY Section 5391100mN SN-16-001 Section 5389800mN INVEST IN TOMORROW, TODAY. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018 XTM – TSXV | Q1 2020 14
Slide 15: MT Survey
MT SURVEY Section 5391100mN SN-16-001 Section 5389800mN INVEST IN TOMORROW, TODAY. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018 XTM – TSXV | Q1 2020 15
Slide 16: Plan Map - MT Results
PLAN MAP - MT RESULTS A - west B - east SUNDAY LAKE PROJECT ➢ MT anomalies correlate to regional and local structures ➢ Most of the highest grade 40% CGM Ownership = $3.2 M and thickest + zones of 30% SPC Ownership = $3 M + mineralization 9% Forum Energy Metals Ownership = $350K Note: Bubbles Lookin
Slide 17: Cross Section
CROSS SECTION A - west B - east SUNDAY LAKE PROJECT ➢ Highly magnetic Upper Series Rocks ➢ ‘Big Red’ anomaly represent a 40% CGM Ownership = $3.2 M significant + thickening of 30% SPC Ownership = $3 M + the 9% Forum Energy Metals Ownership = $350K Note: Bubbles Looking ultramafics scaled to 3E North
Slide 18: MT - Cumulative Conductance
MT - CUMALATIVE CONDUCTANCE Section 5391100mN SN-16-001 Section 5389800mN INVEST IN TOMORROW, TODAY. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018 XTM – TSXV | Q1 2020 18
Slide 19: MT - Cumulative Conductance
MT - CUMALATIVE CONDUCTANCE Section 5391100mN SN-16-001 Section 5389800mN INVEST IN TOMORROW, TODAY. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018 XTM – TSXV | Q1 2020 19
Slide 20: Drilling Highlights
DRILLING HIGHLIGHTS A - west B - east DDH From (m) To (m) Length (m) Pt g/t Pd g/t Au g/t PGM g/t Cu wt.% Ni wt.% SUNDAY LAKE SL-13-002 395.00 415.20 20.20 2.11 0.95 0.16 3.22 0.26 0.11 PROJECT SL-14-003 526.00 541.00 15.00 1.80 0.92 0.12 2.84 0.22 0.09 ➢ Broad zones SL-15-010 723.00 738.00 15.00 1.
Slide 21: Highlight and Next Steps
HIGHLIGHT AND NEXT STEPS • Resource Potential: ‘Big Red’ target has high potential for a SUNDAY LAKE significant discovery. Assay results SL-19-026 demonstrate both the PROJECT size and grade potential of this target. • Exploration Potential: The implementation of ground MT as an exploration tool at
Slide 22: Forward-Looking Statements
Certain information contained in this presentation, includes information and FORWARD- statements which may contain words such as "could", "plans", "should", LOOKING "anticipates", "expect", "believe", "will", and similar expressions and statements STATEMENTS relating to matters that are not historic
Slide 23: Scott McLean P.Geo.
Scott McLean P.Geo. CEO & Co-founder smclean@transitionmetalscorp.com #5 - 410 Falconbridge Road Sudbury ON P3A 4S4 Telephone: 705-669-0590 INVEST IN TOMORROW, TODAY. INVEST IN TOMORROW, TODAY. XTM – TSXV | Q2 2018 XTM – TSXV | Q1 2020 23