Talon Metals Corp. · TSX:TLO
Talon Metals — Investor Presentation (January 2023)
27 slides from Talon Metals's investor presentation, January 2023
Slide 1: Moving Forward
T S X:TLO OTC:TLOFF TSX:TLO : OTC:TLOFF Moving Forward Discovering & Developing the USA’s Only High-Grade Nickel Resources for the Domestic Battery Supply Chain January 2023
Slide 2: Conditions of Presentation and Qualified Persons
Conditions of Presentation and Qualified Persons T S X:TLO OTC:TLOFF This presentation has been prepared by Talon Metals Corp. and its wholly owned subsidiary Talon Nickel (USA) LLC (“Talon” or the “Company”) and is being delivered for informational purposes only. The information contained herein ma
Slide 3: Forward-Looking Information
Forward-Looking Information T S X:TLO OTC:TLOFF This presentation contains certain “forward-looking statements”. All statements, other than statements of historical fact that address activities, events or developments that Talon believes, expects or anticipates will or may occur in the future are fo
Slide 4: Project Overview
Project Overview T S X:TLO OTC:TLOFF Talon’s Goal: Tamarack is currently the only development stage high-grade 80% of Talon employees live in Minnesota nickel project in the US, with a goal to provide a domestic source Talon Metals is a mining exploration and development of nickel for US made electr
Slide 5: Nickel Supply Chain: from Mine to Battery
Nickel Supply Chain: from Mine to Battery T S X:TLO OTC:TLOFF Talon/Tesla Partnership Model Objective #1: Establish a domestic supply chain for battery-grade nickel Objective #2: Commercialize the iron content of Tamarack ore for use in iron- based electric vehicle batteries Mineralization sample Pe
Slide 6: Current On-Site Activities
Current On-Site Activities 6
Slide 7: Environmental Studies
Environmental Studies T S X:TLO OTC:TLOFF Ongoing baseline data collection: • Surface and groundwater Why is baseline monitoring important? • Wetlands • Cultural resources • Wild rice • Air quality • Biological resources • Aquatic/Terrestrial wildlife • Noise/Visual What happens with all the data? •
Slide 8: Tamarack Exploration Area
Tamarack Exploration Area T S X:TLO OTC:TLOFF Exploration Area: Raptor Zone: Crest (Formerly 264 Zone) ▪ Traditional Anishinaabe lands 1854 Hole 18TK0264 intersected 0.25m grading & 1855 Ceded Territories 9.95% Ni, 5.74% Cu, starting at 539m (3km away from resource) ▪ Aitkin/Carlton Counties 1KM 0.6
Slide 9: Mineral Exploration Process
Mineral Exploration Process T S X:TLO OTC:TLOFF Geophysics team surveys the area and models targets for drilling Drill crew drills the target areas for core samples Geologists examine the core samples, collect data, then ship to lab for assays Data is incorporated into the resource model for shaping
Slide 10: Safety in our Operations
Safety in our Operations T S X:TLO OTC:TLOFF Talon Team (still growing) # of staff* Example of our current drill site reclamation process Drilling, Safety & Operations 46 Geology & Geophysics 19 Environmental & Engineering 13 External Affairs & Business 11 Strategy 89 Total 71 18 on site remote Inci
Slide 11: Community Engagement
Community Engagement T S X:TLO OTC:TLOFF 2022 Highlights As the project continues, our Talon team commits to • Continued Open-door policy actively engaging on all project interests and working to • >30 tours be a trusted partner with the community • >300 people receiving quarterly newsletter • Hoste
Slide 12: Preliminary Configuration/ Underground Mine Shaping
Preliminary Configuration/ Underground Mine Shaping 12
Slide 13: Project Location & Infrastructure
Project Location & Infrastructure T S X:TLO OTC:TLOFF • Site Location: 69kV Transmission Line • North of Tamarack, MN approximately 1.5mi • Rail: Project Site • Existing BNSF rail line 1.5mi from project site • Electrical Power: • Existing high-voltage transmission line passes through site • Land Te
Slide 14: Ore Storage & Handling
Ore Storage & Handling T S X:TLO OTC:TLOFF Ore from approximately up to 2,000ft Then ore will be stored in an enclosed Ore will be loaded onto railcars and deep will be brought to surface using building with robust dust-control systems secured with a rigid lid which will not an underground tunnel be
Slide 15: Preliminary Mine Site Facilities Footprint
Preliminary Mine Site Facilities Footprint T S X:TLO OTC:TLOFF Preliminary Approximate • Moving the processing activities and tailings storage to Mine Facilities North Dakota enables the Tamarack Mine site footprint to Footprint be far smaller than if these facilities were located on site • New rail
Slide 16: Size Comparison vs Minnesota National Golf Course
Size Comparison vs Minnesota National Golf Course T S X:TLO OTC:TLOFF (near McGregor) Preliminary Approximate Mine Facilities Footprint 16 Comparison shown to scale
Slide 17: Size Comparison vs US Steel Minntac Operations
Size Comparison vs US Steel Minntac Operations T S X:TLO OTC:TLOFF Preliminary Approximate Mine Facilities Footprint 17 Comparison shown to scale
Slide 18: Continuing to Develop Detailed Mine Plans
Continuing to Develop Detailed Mine Plans T S X:TLO OTC:TLOFF What do we currently know: • Location of nickel resource • Design will be an underground mine What information is in development: • Surface building layout • Nickel processing plans in North Dakota • Tailings management in North Dakota (l
Slide 19: Future Battery Mineral Processing Plans
Future Battery Mineral Processing Plans 19
Slide 20: $114.8m US Government Funding for Mineral Processing in North Dakota
$114.8m US Government Funding for Mineral Processing T S X:TLO in North Dakota OTC:TLOFF Support from the US Government via Bipartisan Infrastructure Law • Talon has been selected by US Department of Energy (DOE) to receive US$114.8m grant for the construction of a Battery Mineral Processing Facilit
Slide 21: What Will Take Place at the North Dakota Battery Minerals Processing Facility?
What Will Take Place at the North Dakota Battery Minerals Processing Facility? T S X:TLO OTC:TLOFF “Flotation” process to separate Ore unloading & storage Crushing & Grinding the desired metals from the other minerals in the ore Dewatering of the leftover minerals Placement of the tailings & coal as
Slide 22: Why did Talon decide to move the processing plant and tailings facility away from the mine?
Why did Talon decide to move the processing plant and tailings facility away from the mine? T S X:TLO OTC:TLOFF Consistent community feedback about processing and waste storage • Community has expressed concern about long term tailings storage in Aitkin County and processing. • Led to consideration
Slide 23: Why did Talon decide on North Dakota?
Why did Talon decide on North Dakota? T S X:TLO OTC:TLOFF #1 Climate Western North Dakota has a very dry climate compared to central Minnesota In the Mercer County region, annual evaporation exceeds annual precipitation by approximately 20 inches Approx 475 miles on the BNSF 23
Slide 24: Why did Talon decide North Dakota?
Why did Talon decide North Dakota? T S X:TLO OTC:TLOFF #2: Availability of Coal Fly Ash • Western North Dakota is a region which is host to a significant number of coal-fired power plants • These plants generate fly ash, which is primarily a waste product stored in local landfills Fly ash neutralize
Slide 25: Next Steps
Next Steps 25
Slide 26: Environmental Review Process
Environmental Review Process T S X:TLO OTC:TLOFF How does the Environmental Review Process Work? Environmental Review is the first public step toward getting permission to mine Data is incorporated into technical reports to submit to State and Federal agencies for Environmental Review Environmental
Slide 27: THANK YOU!
T S X:TLO OTC:TLOFF TSX:TLO : OTC:TLOFF THANK YOU! Contact: JESSICA JOHNSON COMMUNITY OUTREACH & GOVERNMENT RELATIONS MANAGER JOHNSON@TALONMETALS.COM (218)-460-9345 Picture: Tesla’s first battery cathode factory (Austin, Texas – August 30th 2022)