Fireweed Metals Corp. · TSXV:FWZ
Fireweed Metals — Investor Presentation (July 2024)
35 slides from Fireweed Metals's investor presentation, Jul 24, 2024
Slide 1: Critical Metals for Generations – Corporate Presentation July 2024
TSX-V: FWZ OTCQX: FWEDF FSE: M0G CRITICAL METALS FOR GENERATIONS Proud member of the Corporate Presentation – July 2024
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS PEA Cautionary Note Readers are cautioned that the PEA is preliminary in nature; it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reser
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS MP MT GP MACPASS PROJECT MACTUNG PROJECT GAYNA PROJECT ▪ One of the world’s largest high- ▪ World’s largest high-grade ▪ Exploration potential for zinc, grade undeveloped zinc projects* tungsten deposit** germanium, gallium, lead, and silver ▪ Resource update including ▪ Enviro
Slide 4: Corporate Overview
CORPORATE OVERVIEW Shares Outstanding 179,306,904 Lundin Trust Shares Issuable Under Stock Option Plan 11,299,200 18.8% Performance Shares 3,100,000 Larry Agents Warrants 44,785 Childress 12.5% Investor Warrants 0 Other 52.8% Fully Diluted 193,750,889 Teck Resources 6.7% Ibaera Capital ANALYST COVER
Slide 5: Leadership
LEADERSHIP Paul Harbidge Peter Hemstead Chairman Director and Interim President & CEO ▪ Faraday Copper Corp.- President, CEO and Director ▪ Bluestone Resources Ltd. - CEO ▪ GT Gold – President and CEO, $456M exit ▪ Capstone Mining Corp. – Senior Executive ▪ Goldcorp Inc. – Senior Vice President of E
Slide 6: Project Locations & Existing Infrastructure
PROJECT LOCATIONS & EXISTING INFRASTRUCTURE Gayna (Zn-Pb-Ag) Project Macpass (Zn-Pb-Ag) New zinc exploration project with intriguing potential and significant & Mactung (W) Projects mineralization ~977 km2 land package Projects are accessible via road and existing Railhead airstrip at site Deep-sea
Slide 7: Progress & Catalysts
PROGRESS & CATALYSTS UPCOMING 2024 COMPLETED 2023 ▪ Updated Macpass Mineral Resource Estimate ✓ +$50M raised ▪ Mactung project optimization studies ✓ Acquisition of Mactung finalized ▪ Fully financed to execute on our 2024 field program at ✓ Updated resource for Mactung Macpass: ✓ Largest drill camp
Slide 8: Macpass Project Overview
Macpass Project Overview We respectfully acknowledge that the Macpass Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun. 8 TSX-V: FWZ | FireweedMetals.com 8
Slide 9: One of the World's Largest Undeveloped Zinc Projects
ONE OF THE WORLD’S LARGEST UNDEVELOPED ZINC PROJECTS ▪ Host to multiple zinc-lead-silver deposits within a 940 km2 land package ▪ Accessible via the North Canol Road and the Macmillan Pass aerodrome, ~200 km from Ross River Aerodrome North Canol Road TSX-V: FWZ | FireweedMetals.com 9
Slide 10: Boundary Zone
Boundary Zone TSX-V: FWZ | FireweedMetals.com 10
Slide 11: Why Is Boundary Zone Significant?
WHY IS BOUNDARY ZONE SIGNIFICANT? Robust potential for both scale and grade derived from stockwork/brecciated mineralization + high-grade massive Scale sulphide stratiform layers NB19-002: 230 m of 4.51% Zn from surface, including 100 m of 8.73% Zn, with 6.4m of 43.5% Zn NB20-002: 213 m of 4.42% Zn,
Slide 12: Tom & Jason Drilling Highlights
TOM & JASON DRILLING HIGHLIGHTS Both TS23-009 and TS23-009D2 intersected the new Tom South zone which was not in the 2018 Mineral Resource. There is substantial potential in this zone beyond what was intersected this year—up and down dip, as well as along strike potentially connecting Tom West and T
Slide 13: Drilling Highlights
DRILLING HIGHLIGHTS 2023 Drilling Program 2023 program achieved ~22,500 m of drilling mostly focused on Boundary, Tom, and Jason zones, with step-out holes at Boundary Zone, Tom South and Jason South Boundary Tom & Jason ▪ 100% hit rate for mineralization in 2023 drilling. ▪ 100% hit rate for minera
Slide 14: 2024 Target Definition & Prioritization Process
2024 TARGET DEFINITION & PRIORITIZATION PROCESS ▪ 14,000 m drilling − 8,000 m step outs at Boundary, Tom, and Jason − 6,000 m at new greenfield targets ▪ Opportunity to fill the Advanced Prospects gap via our enhanced 2024 Regional Exploration efforts Zn-Pb-Ag Au W TSX-V: FWZ TSX-V: FWZ| fireweedmet
Slide 15: Regional Exploration – Ground Gravity to Date
REGIONAL EXPLORATION – GROUND GRAVITY TO DATE ▪ Gravity surveys have been historically concentrated around known deposits TSX-V: FWZ | FireweedMetals.com 15
Slide 16: Regional Exploration – 2024 Focus
REGIONAL EXPLORATION – 2024 FOCUS ▪ Expand the high- resolution ground gravity coverage along the prospective corridor ▪ LiDAR and VTEM survey over unsurveyed areas ▪ Significant soil sampling campaign TSX-V: FWZ | FireweedMetals.com 16
Slide 17: Mactung Project Overview
Mactung Project Overview We respectfully acknowledge that the Mactung Project is located on the Traditional Territories of the Kaska Dena Nation and the First Nation of Na-Cho Nyäk Dun, and the Sahtu Settlement Area. TSX-V: FWZ | FireweedMetals.com 17
Slide 18: Why Mactung?
WHY MACTUNG? CRITICAL METAL The U.S., Canada and the EU have designated tungsten a critical metal. It has extreme physical characteristics necessary for many industries. CHINA MARKET DOMINATION China controls most of the world’s tungsten deposits and production, creating risks to the west in an unce
Slide 19: Mactung Project
“ - fl » tf sf et. 3 >, . A Y ke - ¢ 7 7 N i Tg o 4 y , f ‘ rr s 7 i fh Mactung Project 38 ihe , ee see, f ; 5 ‘ # ; - a 7 — j Northwest ¢ Z Territories 19 FIREWEEL ) METALS
Slide 20: The World's Largest High-Grade Tungsten Deposit
THE WORLD’S LARGEST HIGH-GRADE TUNGSTEN DEPOSIT ▪ Host to a large tungsten deposit within a 38 km2 area, 100% owned by Fireweed ▪ Adjacent to Macpass, and access via the North Canol Road and the Macmillan Pass aerodrome ▪ Extensive drilling, engineering, metallurgy, geotechnical, and environmental
Slide 21: Mactung Stands Out
MACTUNG STANDS OUT Mactung is an outlier in the tungsten space, with both significant scale and outstanding grade. (37.36M MTU) 3 21 TSX-V: FWZ | FireweedMetals.com 21
Slide 22: Gayna Project Overview
Gayna Project Overview We respectfully acknowledge that the Gayna Project is located within Settlement Areas of Sahtu and Gwich’in, and the Traditional Territory of First Nation of Na-Cho Nyäk Dun. TSX-V: FWZ | FireweedMetals.com 22
Slide 23: Exploration Potential for Zinc, Germanium, Gallium, Lead, and Silver
EXPLORATION POTENTIAL FOR ZINC, GERMANIUM, GALLIUM, LEAD, AND SILVER ▪ Located 180 km north of Macpass, in the Mackenzie Mountains, NWT ▪ Rio Tinto drilled 28,000 m in the 1970s. Claims ultimately lapsed ▪ New interpretation establishes Gayna's geological setting and mineralization as similar to tha
Slide 24: Exploration Update
EXPLORATION UPDATE ▪ High-grade rock samples confirmed the presence of massive sulphide mineralization that also contains elevated gallium and germanium. ▪ Soil samples confirmed the presence of a strong, 4 km x 1 km, historical zinc and lead soil anomaly ▪ Results from two ground gravity surveys to
Slide 25: Blueprint for Value Creation
BLUEPRINT FOR VALUE CREATION MP MT GP FIREWEED METALS MACPASS PROJECT MACTUNG PROJECT GAYNA PROJECT ▪ With a best-in-class team ▪ Inaugural Boundary ▪ Updated environmental ▪ Target-rich project that and strong backers, resource, potential for and optimization studies, hosts Kipushi-style Fireweed i
Slide 26: Thank you!
Thank you! Please visit us online at fireweedmetals.com and follow for updates. Fireweed Metals Corp. Head Office Suite 2800, Four Bentall Centre TSX-V: FWZ +1 (604) 689-7842 1055 Dunsmuir Street OTCQX: FWEDF info@fireweedmetals.com PO Box 49225 Vancouver, BC V7X 1L2 FSE: M0G 26
Slide 27: Appendix
Appendix 27 TSX-V: FWZ | FireweedMetals.com 27
Slide 28: About Fireweed Metals
ABOUT FIREWEED METALS Fireweed is a Canadian company with the mission to explore and develop critical mineral assets through progressive leadership, high standards, innovation, and collaborative partnerships for the benefit of present and future generations. OUR VISION Fireweed Metals will sustainab
Slide 29: Our Values
OUR VALUES INTEGRITY Honesty, Transparency, Accountability RESPECT PARTNERSHIPS For stakeholders Progressive, Environmental Stewardship, Social Stewardship, Value Creation For Indigenous partners For shareholders PEOPLE Inclusivity, Collaboration, Health & Safety TSX-V: FWZ | FireweedMetals.com 29
Slide 30: Sustainability Approach
SUSTAINABILITY APPROACH What does it mean to Fireweed? Undertaking exploration and mine development activities that respect the environment, benefit local communities, and enhance project and investment certainty. [— Environmental Stewardship J 2023 Workplace Performance people employed Five Drill P
Slide 31: Critical Metals for Generations
CRITICAL METALS FOR GENERATIONS MP Zinc's unique properties make it an essential metal for everyday life. Zinc plays a crucial role in: ▪ Renewable Energy ▪ Healthcare ▪ Transportation ▪ Infrastructure ▪ Food Security ▪ Industrial Applications GP ▪ Energy Storage ▪ Electronics Tungsten is an extreme
Slide 32: Macpass: One of the World's Largest Undeveloped Zinc Projects
MACPASS: ONE OF THE WORLD’S LARGEST UNDEVELOPED ZINC PROJECTS ▪ Host to multiple zinc-lead-silver deposits within a 940 km2 land package ▪ Accessible via the North Canol Road and the Macmillan Pass aerodrome, ~250 km from Ross River Macpass 2018 Resource Estimate + 6 Years Drilling Tonnage (Mt) Zn P
Slide 33: Why Zinc?
Why Zinc? TSX-V: FWZ | FireweedMetals.com 33
Slide 34: Why Tungsten?
Why Tungsten? TSX-V: FWZ | FireweedMetals.com 34
Slide 35: Leveraging Cutting Edge Technologies
Leveraging Cutting Edge Technologies ▪ Automated core cutting to improve speed, efficiency, and reduce job hazard and fatigue ▪ Automated core scanning to improve data capture for future interpretation and validation ▪ Directional drilling techniques to improve drilling efficiency and accuracy 35