Hercules Metals Corp · TSXV:BIG
Hercules Metals — Investor Presentation (July 2024)
29 slides from Hercules Metals's investor presentation, July 2024
Slide 1: Advancing America's Newest Porphyry Copper Belt
JULY 2024 Advancing America’s Newest Porphyry Copper Belt TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 2: Forward-Looking Information and Cautionary Notes
Forward-Looking Information Cautionary Notes This presentation contains certain information that may be deemed "forward-looking information" with respect Qualified Person: Under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), to Hercules Metals Corp. (the “Co
Slide 3: About Hercules
Tier 1 Mining Jurisdiction Predominantly situated on state land in Idaho, with a very straightforward and streamlined permitting process. About Rich Exploration History Historical small-scale silver production at the turn of the century, Hercules followed by extensive shallow silver drilling from 19
Slide 4: Capital Structure and Share Performance
Capital Share Performance $1.90 12,000,000 Structure 9,000,000 $1.30 As of July 26, 2024 6,000,000 $0.70 Issued and Outstanding Shares 250.5M 3,000,000 Options 4.9 M $0.10 - Warrants1 16.7 M Jun-23 Sep-23 Dec-23 Apr-24 Jul-24 Volume Price RSUs 3.3 M Fully Diluted 275.4 M Significant Shareholders Sha
Slide 5: Our Team
Our Team CEO & DIRECTOR VP EXPLORATION CFO TECHNICAL ADVISOR Chris Paul Christopher Longton Keith Li Dr Tom Henricksen Discovered Williams Cu-Au porphyry in Golden Triangle for Golden Ridge Sears Canada, Snow Lake Lithium, Corcel Resources in 2018, now under option to Senior Exploration Manager, Exp
Slide 6: The Idaho Advantage
The Idaho Advantage Tier 1 Mining Jurisdiction with Notable Companies Straightforward and streamlined permitting process • Hecla Mining – NYSE: HL • Revival Gold – TSX.V: RVG • Liberty Gold – TSX: LGD • Bunker Hill Mining – CSE: BNKR • Integra Resources – TSX.V: ITR • Perpetua Resources – TSX.V: PPT
Slide 7: Hercules Project Overview
Overview Hercules Project WELL-LOCATED Washington County, Idaho, 2.5 hours NW of Boise International Airport by Highway. Nearby town of Cambridge provides excellent infrastructure and local labour. High voltage hydroelectric transmission lines (low-cost clean energy) cross the Property. 100% OWNERSH
Slide 8: Hercules History
Overview Hercules History Past small-scale production and exploration focused on silver First historical production at Belmont, followed by 1880 - 1920 Hercules Adit. 1965 First hole drilled at the Hercules Adit Zone. Strong silver prices and aggressive drilling define LATE 1970s - EARLY 1980s zones
Slide 9: Phase I Exploration
Phase I Historical Data Verification Exploration 2-year greenfields exploration campaign Maiden drill program to test new targets 9 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 10: Hercules Historical Drilling
Overview Hercules inc ding 1980 8 91 91 8 8 0 08 Historical Drilling inc ding 1980 96 01 99 06 0 1 8 00 0 AN 1980 6 8 68 81 1 01 0 inc ding 1980 0 9 0 8 No Assa No Assa AN 1980 8 9 1 1 9 00 00 inc ding 1980 11 8 1 6 9 10 6 90 0 1 1 01 In 2021, purchased and 02 Data imported to Leapfrog digitized his
Slide 11: Historical Silver Mineralization
Historical Silver Mineralization 3D Block Model Generated in 2022 Historical drilling information was collected prior to the enactment of NI 43-101, has not been verified b the Compan ’s Q a ified Person, and sho d not be re ied pon 11 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 12: Silver Soil Sampling
Silver Soil Sampling 01 Soil sampling returned 02 Silver-in-soil values range anomalous silver > 5 ppm up to 604 ppm (17.6 oz/t) at over 3.5 kilometers and open the Belmont Zone under cover in both directions 03 Largest and highest-grade 04 Large regions of anomalous soil/coincident IP anomaly at rh
Slide 13: Rock Chip Sampling
Exploration Rock Chip Sampling Plan View Showing Silver and Copper Grades of Rock Chip Samples 13
Slide 14: Copper-Gold Soil Sampling
Copper – Gold Soil Sampling 01 Large 2km diameter copper- 02 Potential for a separate gold-moly-in soil anomaly porphyry center at depth grading up to 3,175 ppm Cu, within the largely untested 663 ppb Au in soil, interpreted soil anomaly, particularly to as the eastern edge of the the north at the u
Slide 15: 2022 3D IP Survey
2022 3D IP Survey 01 2022 IP survey originally 02 Survey carried out over a designed to target near 650m wide, northwest- surface silver mineralization southeast trending exposure in the Hercules Rhyolite at a of Hercules Rhyolite at high-resolution. surface. 03 Survey returned an 04 Initial drill t
Slide 16: 2022 3D IP Survey – Looking Southwest
Exploration 2022 3D IP Survey – Looking Southwest Discovery of a Blind Porphyry Copper System 2022 survey only carried out to a depth of 300m. Returned a large anomaly below historical drilling, spanning the entire lower limit of the 2022 survey area. Initial testing in 2023 revealed the presence of
Slide 17: Phase II Discovery Drilling
Phase II Discovery Drilling Drilling Discovery of the Leviathan Porphyry Copper System at depth 17 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 18: Leviathan Blind Copper Porphyry Discovery
HER-23-05 cross-section with interpreted geology, Exploration grade bars for copper (orange), molybdenum Leviathan (blue), and silver (grey) Blind Copper Porphyry Discovery Testing Open for Expansion Strategic Investment by Barrick "Many directions remain to be tested, and the potassic center, which
Slide 19: 2023 Drill Program
Exploration 2023 Drill Program 01 2023 drill program tested: 1. Extensions of historical silver mineralization 2. IP anomaly below the limit of historical drilling 02 The IP anomaly was tested on the fifth hole, HER-23-05, and discovered a significant blind porphyry copper system grading 03 Subseque
Slide 20: 2023 3D IP Survey
Exploration 2023 3D IP Survey Multi-kilometer Scale 01 02 03 Indicates that the 2022 2023 survey covers a survey had only covered one part of a 4.5km x 4.5km area much larger to a depth of 850m system, several kilometers in scale 20 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 21: Phase III Follow-up Drilling
Phase III Follow-up Drilling Drilling Next step: Define the limits of the system and locate the potential high-grade core 21 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 22: 2024 Drilling Program
Exploration 2024 Drilling Program Drilling all parts of the large new chargeability anomaly, starting with HER- 24-01 through -03, and moving north and south along the main target corridor. 22
Slide 23: Mineral Project
Overview Mineral Project 14 MILES SOUTH OF HERCULES PROJECT ALONG TREND Located on BLM administered lands, generally more favorable for quick drill permitting, versus USFS. OPTION TO OWN 100% AG-PB-ZN SYSTEM WITH UNDERLYING PORPHYRY POTENTIAL, SIMILAR TO HERCULES PROJECT EXTENSIVE EXPLORATION HISTOR
Slide 24: Responsible Exploration
ESG Responsible Exploration Hercules Metals seeks to build a positive legacy by delivering value to the community both during and after its operating life in Idaho and by building close ties with the community, government and all its stakeholders. Town Hall Meetings Hercules hosts town hall meetings
Slide 25: Next Steps: Path to Maximizing Value for Shareholders
Path to Maximizing Value for Shareholders Next Steps Phase III Program Goals Phase III 20,000-meter drill program Leverage Barrick Gold Corporation’s senior technical expertise to further interpret and update the 3D geological model of the Leviathan Porphyry Copper System. Hercules Drill Targeting M
Slide 26: Porphyry Copper Transactions in the USA – Since 2010
Copper Porphyry Porphyry Copper Transactions in the USA – Since 2010 Very few M&A opportunities in tier 1 jurisdictions involving copper porphyry assets, due to significant lack of new discoveries. The select few that have transacted since 2010 are shown below. Robinson – US$1.7B Morenci – US$1.0B f
Slide 27: Investor Relations
Investor Relations Head Office HerculesSilver.com info@herculesmetals.com Suite 1600 100 King St. W TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7 +1 (604) 449-6819 1 First Canadian Place Toronto, Ontario M5X 1G5
Slide 28: Why Copper is a Critical Mineral
Why Copper is a Critical Mineral An Emerging Powerhouse Increasing Demand Energy Supply Copper is now considered the "new oil" due to its role in electric vehicle (EV) batteries and green energy technologies like solar panels and wind turbines and in turn, could see a similar upside in the next thre
Slide 29: Silver and the Green Revolution
Silver and the 01 Solar Panels Green Revolution 02 Automotive Applications 03 5G Cellular Networks TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7 29