Cartier Resources Inc. · TSXV:ECR
Cartier Resources — Mines & Money (March 2021)
26 slides from Cartier Resources's conference presentation, Mar 23, 2021
Slide 1: Corporate Presentation
CORPORATE PRESENTATION March 23rd, 2020 – Mines & Money Philippe Cloutier, President & CEO
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT FORWARD-LOOKING STATEMENTS This document may contain forward-looking statements that reflect management’s current expectations with regards to future events. Such forward-looking statements are subject to certain factors and involve a number of risks and uncertainties. Actual re
Slide 3: An Accomplished Team
AN ACCOMPLISHED TEAM Management Philippe Cloutier, P. Geo. Nancy Lacoursière, B.A.A. Gaétan Lavallière, P. Geo., Ph. D. Ronan Déroff, P. Geo., M. Sc. President, CEO & Director Chief Financial Officer Vice President Senior Geologist, Project Manager, Geomatician Board of Directors Jean-Yves Laliberté
Slide 4: Capital Structure
CAPITAL STRUCTURE SHARE STRUCTURE SHARE DISTRIBUTION COMMON SHARES - ISSUED AND OUTSTANDING 215 883 962 SHAREHOLDER % STOCK OPTIONS 16 350 000 AGNICO EAGLE 16.4 WARRANTS 1 306 692 QUEBEC FUNDS 12.0 FULLY-DILUTED, AUGUST 2020 233 540 654 JUPITER ASSET MNGT 9.8 RUFFER 3.9 SSI 3.3 PRESIDENT & CEO 2.2 R
Slide 5: Value Driven Strategy
VALUE DRIVEN STRATEGY PRIORITIZE PROJECTS WITH POTENTIAL FOR LARGE VOLUME OF GOLD-BEARING MINERALIZATION AT CONSTANT GRADE ➢ Focus in the Abitibi Greenstone Belt on “brownfield” projects ADD VALUE TO THE ASSET THROUGH EXPLORATION ➢ Drilling focus on known Gold Zones ➢ Recent (2017-2020): Chimo Mine
Slide 6: ECR Projects vs Advanced Projects and Mills
ECR PROJECTS VS ADVANCED PROJECTS AND MILLS MARTINIERE FENELON FENTON 64,000 OZ AU HISTORICAL ESTIMATION – CHEVRIER BENOIST NON NI 43-101 IND. 134,400 OZ AU MONSTER LAKE DOUAY INF. 107,000 OZ AU RECENT - NI 43-101 RESOURCES DDH IN PROGRESS NELLIGAN WINDFALL LAKE COMTOIS GLADIATOR PERRON WILSON 43,00
Slide 7: Chimo Mine Project
CHIMO MINE PROJECT Work completed by Cartier: ➢ Total of 124 drill holes for 58,054 m and 21,867 gold samples collected ✓ Increase the resources ✓ Discovery of 5B4-5M4-5NE and 5CE Gold Zones ➢ Resource estimate constrained using DSO with a cut-off grade of 2.0 g/t Au for the North and South Gold Cor
Slide 8: Growing the Resource
GROWING THE RESOURCE 2.5 Total ECR investment: 7 CAN $ / oz Au 2 RESOURCE (MOZ AU) 1.5 1,358K 1 585K 417K 0.5 684K 461K 598K 0 Q4 2019 Q2 2020 Q1 2021 Indicated Resource Inferred Resource 8
Slide 9: Growing the Resource
GROWING THE RESOURCE x2 x3 x5 HISTORICAL NI 43-101 NI 43-101 NI 43-101 PRODUCTION RESOURCE RESOURCE RESOURCE* Q1 2021 1964-1997 Q4 2019 Q2 2020 November 5th, 2019 May 5th, 2020 March 23rd 2021 400 Koz Au 461 Koz Au 585 Koz Au 684 Koz Au (MERN DV 85-05 to DV 97-01) 417 Koz Au 598 Koz Au 1,358 Koz Au
Slide 10: Intrinsic Value Underestimated
INTRINSIC VALUE UNDERESTIMATED IN-SITU VALUATION RESOURCES March 23rd, 2021 CASH POSITION Market Cap 10.9 + 200 to 300* = 211 to 311 M CAN $ Chimo Mine Well-Funded 684 Koz Au Stock Price 10.9 M CAN $ 0.97 to 1.44 CAN $ / Share 1,358 Koz Au 23/03/2021: ECR = 0.32 CAN $ / Share Indicated Resources Inf
Slide 11: ECR EV/Oz Au vs Peers
ECR EV/OZ AU VS PEERS EV: Enterprise Value 200 180 160 140 120 EV/OZ (CAN $ / OZ) 100 Peer EV/Oz Average: 70 C$/OZ 80 60 40 20 189 152 149 47 47 46 24 24 13 5 0 QMX OSK RDS BTR MQR PRB MGM ECR FPC O3 Based on March, 2021 public information. NOTE: Recent transactions on QMX and MQR 11
Slide 12: Chimo Mine Valuation Timeline
CHIMO MINE VALUATION TIMELINE Q3 2014 Q4 2019 Q4 2019 Q2 2020 Q1 2021 Q2 2019 Q2 2020 $ Acquisition NI 43-101 Resource Drilling Drilling East Sector NI 43-101 Resource Goal achieved Compilation Central Gold Corridor 7 500 mm 10,000 North and South Gold Corridors Interpretation Cut-OffGrade Grade:=2.
Slide 13: Chimo Mine: 3 Corridors, 17 Structures, 27 Gold Zones
CHIMO MINE: 3 CORRIDORS, 17 STRUCTURES, 27 GOLD ZONES 13
Slide 14: Resource Estimate: March 2021
RD RESOURCE ESTIMATE: MARCH 23 2021 Gold Corridors Indicated Resources Inferred Resources North and South Gold Corridors Cut-Off Grade: 2.0 g/t Au & Central Gold Corridor Metric Grade Troy Ounce Metric Grade Troy Ounce Cut-Off Grade: 1.5 g/t Au Price $US 1612 / Oz Tonne (t) (g/t Au) (oz) Tonne (t) (
Slide 15: Resource Estimate Update: March 2021
RD RESOURCE ESTIMATE UPDATE: MARCH 23 2021 The scientific and technical information have been prepared and reviewed by MM. Gaétan Lavallière, P. Geo., Ph. D., Vice President and Ronan Déroff, P. Geo., M. Sc., Senior Geologist, Project Manager and Geomatician, Qualified Persons as defined by NI 43-10
Slide 16: Objective of Internal Engineering Studies: Reduce the Cut-Off Grade
O BJECTIVE OF INTERNAL ENGINEERING STUDIES : R EDUCE THE CUT OFF- GRADE TO RECOVER MORE GOLD OUNCES M INERALISATION AT CHIMO MINE 2 types of mineralisation: Large volume of gold bearing sulphides (Asp non refractory) Arsenopyrite concentrate represented 3% of ore and 75% gold produced Late Quartz Ve
Slide 17: Internal Engineering Study: Project 1
R EDUCE PRODUCTION COSTS (OPEX) I NTERNAL ENGINEERING STUDY: TO RECOVER MORE GOLD OUNCES PROJECT 1: Maximum capacity to feed surface sorting plant Mining Capacity Hoisting Capacity Production Capacity Project 1A Project 1B Project 1C Determine stope Determine MAXIMUM Design mining schedule to config
Slide 18: Internal Engineering Study: Reduce Production Costs (OPEX)
I NTERNAL ENGINEERING STUDY: R EDUCE PRODUCTION COSTS (OPEX) TO RECOVER MORE GOLD OUNCES PROJECT 2: Maximum capacity of industrial mineralisation sorting DRILLING MINING HOISTING Initial Initial grade tonnage SORTING PROJECT NEW TESTS IN PROGRESS TRANSPORT Strong cost reduction for transport, millin
Slide 19: Internal Engineering Studies
INTERNAL ENGINEERING STUDIES PROJECT 3: Reduce CapEx costs and environmental footprint (no mill and no tailing) While increasing Cash Flow and Internal Rate of Return (IRR) NO MILL NO TAILING 19
Slide 20: Repeat Process
REPEAT PROCESS Three more projects with similar characteristics: ➢ 100% owned by Cartier; ➢ Gold deposit with well defined geometry / rapid growth potential; ➢ Characteristics present to produce large tonnage at constant grade; ➢ Situated near infrastructure and qualified workforce; BENOIST FENTON W
Slide 21: Pusticamica Deposit – Benoist Project
PUSTICAMICA DEPOSIT – BENOIST PROJECT Highlights: ➢ The Pusticamica deposit has the characteristics required for a bulk tonnage approach: ✓ Gold deposit with well defined geometry / rapid growth potential; ✓ Characteristics present to produce large tonnage at constant grade; ✓ Situated near infrastr
Slide 22: Maiden Resource Estimate: December 2020
TH MAIDEN RESOURCE ESTIMATE: DECEMBER 17 2020 22
Slide 23: Drilling in Progress: January 2021
DRILLING IN PROGRESS: JANUARY 2021 -500m -500m This is the Deposit mineralization This is what we are looking for! 23
Slide 24: Fenton Project
FENTON PROJECT Meets Cartier’s Criteria ➢ Recent LOI to acquire 100% from SOQUEM; ➢ Gold deposit with well defined geometry / rapid growth potential; ➢ Characteristics present to produce large tonnage at constant grade; ➢ Situated near infrastructure and qualified workforce; 24
Slide 25: Wilson Project – Toussaint Deposit
WILSON PROJECT – TOUSSAINT DEPOSIT 25
Slide 26: Thank You!
THANK YOU ! FOR MORE INFORMATION : P HILIPPE C LOUTIER PHILIPPE . CLOUTIER @ RESSOURCESCARTIER . COM TOLL F REE: 1-877-874-1331 D IRECT: 819-874-1331 Chimo Mine Visible Gold Sample from Zone 5B, Level 17, 108.4 g/t Au over 2.0 m Courtesy of Mr. Tony Brisson, Mine Geologist, 1995 26