Vulcan Minerals Inc. · TSXV:VUL

Vulcan Minerals — Investor Presentation (October 2021)

27 slides from Vulcan Minerals's investor presentation, October 2021

  1. Slide 1: Vulcan Minerals Overview

    Vulcan Minerals Overview October 2021

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation may include “forward looking statements”. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding exploration results, future plans, and objectives of Vulcan Minerals Inc. are forward l

  3. Slide 3: Vulcan - Red Moon

    Vulcan - Red Moon Vulcan Minerals - Listed on Toronto Stock Exchange (Venture) • Gold and base metal exploration and development company focussed on projects in Newfoundland and Labrador, Canada Atlas Salt– Listed on Toronto Stock Exchange (Venture) • A subsidiary of Vulcan (38% ownership) • Industr

  4. Slide 4: Project Location

    Lae ; ; [ses re Project Location TSX V:VUL _ VULCONnN minegrats inc TSX V:VUL

  5. Slide 5: Central Newfoundland Gold

    vutcan Central Newfoundland Gold TSX V:VUL © .Grand Falls-Windsor, Historic Buchans. ce a, VMS Mine eg ea wt ee a Bid, or PiBeaver Brook Antimony Mine b y coral a J )Wew Found Gold Discovery m @ (92 g/t/19 m) Alderwilding Gold Discovery g = , ander Lizard Pond South Project ae a Red Cross i s Lake P

  6. Slide 6: Gander Belt Highlights

    Gander Belt Highlights • Gander North Claims cover known alteration systems associated with gold showings including the Jonathan’s Third Pond copper-gold showing which includes a zone of silicification, quartz stockwork and brecciation with up to 0.5 g/t gold and 0.8 % copper (grabs) indicative of e

  7. Slide 7: Gander North Gold

    = vutcan Gander North Gold TSX V:VUL ge Till 24, ppb Au in Alteration Zone Till Anomaly up to.410)g/t Au : " 4 New Found Gold ; \ 600+.m Epithermal Discovery, | (92/g/t Au/19 m) Mt. Peyton Intrusive Vulcan Minerals Gander North Gold Projects cd © Gold Occurrence (MODS) 3 — Structural Boundary — Majo

  8. Slide 8: Gander South Gold

    = vutcan Gander South Gold TSX V:VUL ya T 4 Fas 84dy & Gold in ee Mt: Peyton Intrusives / Intrusion Beaver Brook 4 ma 8 Antimony Mine 8 | ° z BS | _* Gold & Arsenic (Stream Silt) 2 a [3 (Trench) 2 ‘a B Vulcan Minerals Gander South Gold Projects © Gold Occurrence (MODS) fl am — Structural Boundary aL

  9. Slide 9: Red Cross Lake (Marathon)

    Red Cross Lake (Marathon) Red Cross Lake offsets Marathon Gold’s expanding new gold deposit and contains a gabbro-troctolite that has potential for Ni-Cu-Co

  10. Slide 10: Red Cross - Favorable Structural Setting

    Red Cross - Favorable Structural Setting

  11. Slide 11: Regional Lake sed Au anomaly extends into claim block

    Regional Lake sed Au anomaly extends into claim block

  12. Slide 12: Gold in Soil Anomalies

    Gold in Soil Anomalies 5.8 g/t Au Float _ ^ Marathon Gold Corp Claims

  13. Slide 13: Gabbro-Troctolite Dilational Intrusive

    Gabbro-Troctolite Dilational Intrusive

  14. Slide 14: Magmatic Nickel Emplacement Model

    Magmatic Nickel Emplacement Model • Primitive (Ni-Mg enriched) Lower Series melt sheets emplaced along structures • Magma contaminated by country rocks (external sulfur) relatively early • Sulfide saturation reached –immiscible melt locally forms sulfide accumulations, some which are transported up-

  15. Slide 15: Nickel Potential - High Flow Dynamics

    Nickel Potential - High Flow Dynamics • Sulfide globules/droplets are interpreted as evidence for transportation of immiscible sulfide melts; distinct from interstitial sulfides • Relatively delicate structures do not survive large transport distances and are considered by some to be evidence of lar

  16. Slide 16: Colchester/Springdale Copper and Gold

    Colchester/Springdale Copper and Gold

  17. Slide 17: Colchester / Springdale Geology

    Colchester / Springdale Geology

  18. Slide 18: Colchester/Springdale Historical Drilling

    Colchester/Springdale Historical Drilling

  19. Slide 19: Colchester Historical Copper Results

    Colchester Historical Copper Results Hole-ID Zone From (m) To (m) Length (m) Composited Cu (%) 436-11 McNeilly 86.28 90.83 4.55 4.55 m @ 3.82% • Historical drilling in 3 major 436-16 436-16 Colchester Colchester 142.30 167.94 157.60 178.13 15.30 10.19 15.30 m @ 1.02% 10.19 m @ 1.07% zones between 19

  20. Slide 20: Resource Potential Wide Open

    Resource Potential Wide Open Main Zone Historic Resource 1,000,000 tons at 1.3% copper at 0.85 % cutoff (1967) encompasses only 40% of the area subsequently drilled. Based on 3D digital modelling, internal estimates indicate approximately a 3,000,000 tonne resource (not NI 43 101 compliant) and open

  21. Slide 21: Trenching – IP Survey

    Trenching – IP Survey Trenching & IP • Majority of historic trenches are in-filled • Recent IP survey confirmed known anomalies to a degree never before seen (in 3D and 2D) • Identification of large, 500 m diameter, undrilled IP anomaly at Andrew’s Pit Zone, high priority drill target

  22. Slide 22: Select Colchester Gold Intercepts

    Select Colchester Gold Intercepts Hole-ID Zone From (m) To (m) Length (m) Composited Au (g/t) • Historical drilling in 3 major 3.85 m @ 5.86 g/t CC-03-02 Colchester 76.20 80.05 3.85 2.55 m @ 9.79 g/t zones between 1967 to CC-03-03 Colchester 30.85 33.40 2.55 CC-03-03 Colchester 61.55 62.65 1.10 1.10

  23. Slide 23: Gold Prospects - Springdale

    Gold Prospects - Springdale Numerous under-explored gold showings northeast of Maritime Resources’s Hammerdown gold Mine (currently being revitalized) Burnt Berry Zone has an historic channel sample of 6.6 g/t Au over 7 m (priority prospect)

  24. Slide 24: Voisey’s Bay South Nickel

    Voisey’s Bay South Nickel Voisey’s Bay South – analogous to Voisey’s Bay geology 80 kilometres south of Voisey's Bay mine. Optioned to Fjordland Exploration Inc. Voisey’s Bay Mine Reserves (2016): Classification Reserves (Mt) Ni(%) Cu(%) Co(%) Proven 18.4 2.35 1.12 0.13 Probable 15.4 2.02 0.89 0.13

  25. Slide 25: Voisey’s Bay South Nickel

    L—— morse Voisey’s Bay South Nickel "VY"

  26. Slide 26: Exploration Program 2021-2022

    Exploration Program 2021-2022 Exploration program 2021-2022 Gander Belt - continue with project generation work. Valentine Lake Belt – geochemical sampling & drilling Colchester/Springdale – trenching & drilling on known prospects and IP targets. Geochemical sampling & prospecting on under explored

  27. Slide 27: Atlas Salt (Subsidiary, formerly Red Moon Resources) Industrial Minerals

    Atlas Salt (Subsidiary, formerly Red Moon Resources) Industrial Minerals Ace Gypsum – Cement Industry • 2021 projected production of 150,000 tonnes. • Ramp up production through reclamation of gypsum from historical waste piles • Delineate additional resources Great Atlantic (formerly Captain Cook)

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