Hercules Metals Corp · TSXV:BIG
Hercules Metals — Investor Presentation (October 2024)
26 slides from Hercules Metals's investor presentation, Oct 24, 2024
Slide 1: Advancing America's Newest Porphyry Copper Belt
Advancing America’s Newest Porphyry Copper Belt OCTOBER TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7 2024
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 to Qualified Person: Under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), Christopher Hercules Metals Co
Slide 3: Snapshot: Capital Structure and Share Performance
Snapshot Share Performance $1.90 12,000,000 Capital Structure1 $1.30 9,000,000 6,000,000 Issued and Outstanding Shares 252.8M $0.70 3,000,000 Options 5.3 M $0.10 - Warrants2 14.6 M Jun-23 Oct-23 Feb-24 Jun-24 Oct-24 RSUs 3.3 M Volume Price Fully Diluted 276.0 M Share Price $0.53 Significant Sharehol
Slide 4: About Hercules Metals
About Hercules Metals Located in the tier 1 mining jurisdiction of Idaho, with surface mining rights to core land position. Rich silver exploration history with small-scale production, followed by extensive shallow drilling from 1965-1984. Porphyry copper discovery in 2023 intersected 185m of 0.84%
Slide 5: Our Team
Overview Our Team Track record of multiple high-impact discoveries CEO & DIRECTOR VP EXPLORATION TECHNICAL ADVISOR STRATEGIC TECHNICAL ADVISOR Chris Paul Christopher Longton Dr Tom Henricksen Charlie Greig Recognized for discovery of the Saddle North porphyry for GT Gold Corp, acquired by Newmont Co
Slide 6: Idaho Advantage
Overview Idaho Advantage History of Mining Low Geopolitical Risk Infrastructure Support Low Energy Cost 3 hydroelectric dams 10.35¢ / kWh*, the lowest electrical cost in the country. directly across the Property. *Source: How Much Does Electricity Cost in 2023? | EnergySage Mining played a role in I
Slide 7: Hercules Project
Overview Hercules Project Porphyry copper system associated with a disseminated silver-lead-zinc system. LOCATION Washington County, Idaho SIZE 9,200 hectares 2.5 hours from Boise Hwy 71 crosses the Property ACCESS Local labour from nearby town of Cambridge High voltage hydroelectric INFRASTRUCTURE
Slide 8: Hercules History
Overview Hercules History Past small-scale production and exploration focused on silver, while current initiatives are shifting towards unlocking significant porphyry copper potential Strong silver prices and aggressive drilling defined 144 holes drilled followed by at Belmont Mine, followed 4 zones
Slide 9: Copper Potential at Depth
Phase II: Exploration Copper Potential at Depth Initial 3D IP survey revealed a 1.8km chargeability anomaly below historical drilling Historical drilling (308 holes) had focused on a large epithermal silver system at surface, but a new theory and modern geophysical surveying led to the discovery of
Slide 10: Leviathan Discovery
HER-23-05 cross-section Phase II: Exploration with interpreted geology, grade bars for copper (orange), molybdenum (blue), and silver (grey) Leviathan Discovery Scale and grade represents a rare new opportunity for the U.S. • Subsequent drilling has grown the system to significant size with drilling
Slide 11: Potential Multi-Kilometer Scale
Phase III: Exploration Potential Multi- Kilometer Scale Property-wide 3D IP Survey • Property-wide deep-penetrating IP revealed a much larger zoned system than previously understood. • Survey covered a 4.5km by 4.5km area to a depth of 850m with multiple geophysical targets identified. TSX-V: BIG |
Slide 12: Current Drilling
Phase III: Exploration Current Drilling Drilling focused on vectoring toward high-grade porphyry core below shallow epithermal silver mineralization. 12
Slide 13: Initial Results
HER-24-098 cross-section Exploration with interpreted geology, grade bars for copper (orange), molybdenum Initial Results (blue) Confirms larger scale and grade • Hypogene enrichment blanket expanded to 1.6km x 1.1km • HER-24-08 represents the longest intercept reported to date • Drilling continues
Slide 14: Porphyry Copper Deposit Model
Porphyry Copper Porphyry Copper Deposit Model Among the largest sources of copper on the planet Drilling has confirmed that the Leviathan is tilted to the northwest. The phyllic zone has been identified to date, which surrounds the potassic core and typically contains lower concentrations of copper.
Slide 15: Largest Porphyry Copper Deposits in the U.S.
Porphyry Copper Largest Porphyry Copper Deposits in the U.S. MINE Morenci1 Bingham Canyon2 Bagdad3 Sierrita4 Resolution5 Pebble6 Proposed Underground and Underground and Proposed TYPE Open pit Open pit Underground and Open Pit Open Pit Underground Open Pit LOCATION Arizona Utah Arizona Arizona Arizo
Slide 16: 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. Engagement Hercules hosts town hall meetings to educ
Slide 17: Mineral Project
Overview Mineral Project Rhyolite-hosted silver mineralization in the southwest and porphyry copper- gold on the northwest LOCATION Washington County, Idaho SIZE 87 unpatented mining claims <2.5 hours from Boise ACCESS 14 miles south of Hercules Project along trend Lease agreement with option to OWN
Slide 18: Appendix
Appendix TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 19: Porphyry Copper Transactions in the USA – Since 2010
Porphyry Copper Transactions in the USA – Since 2010 Very few M&A opportunities in tier 1 jurisdictions involving porphyry copper 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 for 13% stake ‐ D
Slide 20: 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 21: 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 21
Slide 22: Hercules Historical Drilling
Overview Hole ID Year From (m) To (m) Interval (m) Ag (g/t) Pb (%) Zn (%) Hercules 80-1 including 1980 1980 73.15 82.3 103.63 91.44 30.48 9.14 335.6 828.2 0.17 0.24 0.54 0.8 Historical Drilling including 1980 96.01 99.06 3.05 317.8 0.04 0.22 80-12 1980 7.62 22.86 15.24 56 No Assay No Assay AND 1980
Slide 23: 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 by the Company’s Qualified Person, and should not be relied upon. 23 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
Slide 24: Silver
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 25: Rock Chip Sampling
Exploration Rock Chip Sampling Plan View Showing Silver and Copper Grades of Rock Chip Samples 25
Slide 26: Investor Relations Head Office
Investor Relations Head Office Herculesmetals.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 TSX-V: BIG | OTCQB: BADEF | FWB: 8Q7
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