West High Yield (w.h.y.) Resources Ltd. · TSXV:WHY
West High Yield (w.h.y.) Resources — Investor Presentation (February 2025)
24 slides from West High Yield (w.h.y.) Resources's investor presentation, February 2025
Slide 1: A Unique Magnesium and Gold Opportunity in British Columbia
A UNIQUE MAGNESIUM AND GOLD OPPORTUNITY IN BRITISH COLUMBIA COMPANY PRESENTATION TSX: WHY.V WWW.WHYRESOURCES.COM WHY.V | February, 2025 1
Slide 2: Disclaimer
DISCLAIMER Disclaimer and Forward-Looking Statement No stock exchange, securities anticipated in such statements. Important factors that could commission or other regulatory authority has approved or disapproved the cause actual results to differ materially from the Company expectations include, inf
Slide 3: Why West High Yield?
WHY WEST HIGH YIELD? MULTIPLE POTENTIAL CASH FLOW GENERATING PROJECTS ADVANCED MAGNESIUM PROJECT WITH ROBUST PFS HIGH POTENTIAL GOLD EXPLORATION AT PAST PRODUCING MIDNIGHT PROJECT HIGH GRADE GOLD MINE REJECTS PROJECT WITH CASH FLOW POTENTIAL GREAT INFRASTRUCTURE STRONG MANAGEMENT AND BOARD WHY.V | F
Slide 4: Record Ridge Magnesium Mine
RECORD RIDGE MAGNESIUM MINE A Unique Strategic & Critical Minerals Investment Opportunity • World Class advanced-stage project expected permit shovel ready in 2025, with robust economics1. Advanced • Conventional open pit mining operation with potential 172 years mine life2 Project • High purity (ov
Slide 5: Record Ridge Project Summary
RECORD RIDGE MAGNESIUM MINE Project Summary OWNERSHIP 100% owned by West High Yield Resources Ltd. • 8,972 hectares property located in RDKB- Area B Lower Columbia, BC, proximate to Rossland; 5 km north of the U.S.-Canada border, with excellent regional infrastructure LOCATION including established
Slide 6: RR Project Timeline
RR PROJECT TIMELINE Advanced stage project RESOU RCE ESTIMATE WHY produced NI 43-101 Technical Report initial MINING PERMIT resource estimate of 39 2019 - The Company completed EXPLORATION Million tonnes M&I PEA STU DY Environmental Assessment and WHY completed NI 43- Environmental Baseline Study an
Slide 7: RR Magnesium Mine Project Location
RR MAGNESIUM MINE Project Location • Located in a well-established mining district near the town of Rossland, BC • 5km north of the US - Canada border • Supporting industries in close proximity • Nearby rail access with CP Rail (Trail, BC) • 500km east of the ports of Vancouver, BC, and Seattle, WA
Slide 8: RR Project Exploration
RR PROJECT EXPLORATION PEA NI 43-101 Resource Estimate Updated Resource Estimate (2013) Contained Mg Resource Category %Mg Cut-off Total Mt %Mg Grade (Mt) Measured 28.4 24.82 7.05 Indicated 14.6 24.21 3.54 21.9 M&I 43.0 24.61 10.59 Inferred 1.07 24.37 0.26 • Over 10,000 metres drilling, 77 holes, al
Slide 9: RR Mine Plan
RR MINE PLAN Proposed Project Plan Parameter Year 1 Year 2 Operating Days 182 182 Mobile Crusher Feed 200 kt 200 kt Mg Grade 24.5% 27% Waste Stripping 60 kt 40 kt Total Material Mined 310 kt 290 kt Mining Rate 1,700 tpd 1,600 tpd • The proposed Project mine plan will be a conventional truck and shov
Slide 10: RR Mine Proposed Economics
RR MINE Proposed Economics Ore Purchase Projection (based on Galaxy Magnesium LOI) Price (US Operating Cash Flow Projections $/MT) 2025 2026 Turnover Ore Volume (MT metric tonnes/year) 63,500 63,500 Ore Sales (US$) $500.00 $31,750,000 $31,750,000 Total Gross Revenue $500.00 $31,750,000 $31,750,000 O
Slide 11: Magnesium Use
MAGNESIUM USE 100’s of applications in a variety of industries ENERGY STORAGE WALL BOARDS Supersedes Lithium Fire and water resistant PHARMACEUTICAL AUTOMOTIVE MG CEMENT Vital to human health Light weight and strength More strength and durability AGRICULTURAL AEROSP ACE Vital to plant growth Weight
Slide 12: Magnesium Advantage
MAGNESIUM ADVANTAGE Wide use of Magnesium makes it one of the US strategic minerals AUTOMOTIVE METALLURGY AEROSPACE AND BATTERIES AGRICULTURE AND HEALTH • Vehicle manufacturers are • Lightweight properties of • Magnesium (in the form of making lighter cars for more • Use of high purity MgO in magnes
Slide 13: Work Plan
WORK PLAN SHORT TERM • Budget of US$25 M • Pilot plant (8-10 weeks) LONG TERM • Budget of $750K with potential 50% Government funding • Budget of US$250 M • Site development and mining (3-6 months) • Commercialization (18-24 months) • Budget of $18 million for access road • Feasibility Study of the
Slide 14: Project Schedule
PROJECT SCHEDULE Short and Long Terms 2025 2026 2027 2028 2029 # Milestones Mths Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Pilot Plant 6 M1 Development and operation 6 Mine* 51 M1 Mine Development 9 M2 Operation 42+ Commercial MgO Plant 51+ M1 Commercialization 18 Feasibility Study
Slide 15: Magnesium and Gold: Near Term Strong Cash Flow Projects
MAGNESIUM AND GOLD Near Term Strong Cash Flow Projects ADVANCED MAGNESIUM PROJECT AT RECORD RIDGE MAGNESIUM PROJECT PERMIT STAGE 2025 • Advanced world-class project expected permit ready in Q1 2025 and ready to mine in Q3 2025. • Selling high grade serpentine ore to multiple Mg refineries SELLING HI
Slide 16: Mining Magnesium Ore
MINING MAGNESIUM ORE Company signed Future Contract LOI with Galaxy Magnesium in Dec 2021 for the sale of 200K tpa of Mg ore at US$500/Mt • Mine construction following provincial permit approval; Mine production of 63.5 ktpa is expected to start in Q3 2025; • Attractive economics and rapid payback w
Slide 17: Gold Mine Rejects Project
GOLD MINE REJECTS PROJECT GRADE 1 AND TONNAGE 2 • Over 225K metric tons of mine rejects already mined from the many historic mines in the area • Average grade of 2.5 ppm Au • Over 18K ounces of gold with over US$35M value. 1. Grade is based on assay results by MetSolve of 99 bulk samples taken rando
Slide 18: Midnight Project
MIDNIGHT PROJECT High Potential Gold Exploration Company secured $2.5M flow through funds in Dec 2021. Drilling started on the property in late June. Over 6,200m (20,000 ft and 41 holes) exploration/drilling was completed during 2022. DEEP DRILLING AT THE MIDNIGHT CLAIM • High potential of finding h
Slide 19: Midnight Mine Area Geological Settings
MIDNIGHT MINE AREA • The Midnight area contains primarily narrow and erratic Geological Settings but high-grade quartz –carbonate veins with native gold and minor silver and sparse sulphides • Company’s senior geology consultants support the theory that the series of gold-enriched quartz veins and g
Slide 20: Midnight Mine Area Past Production and Drilling Highlights
MIDNIGHT MINE AREA Past Production and Drilling Highlights Recorded past production from the combined WHY Resource’s properties up to 1941 CLAIM TONNES GRAMS AU GRADE Au g/t OUNCES Au Grade Au OPT IXL 5248 809766 154 25912.5 4.49 MIDNIGH 4760 218346 46 6987.1 1.34 T OK 293 17916 61 573.3 1.78 TOTAL
Slide 21: Corporate Profile
CORPORATE PROFILE TSXV: WHY Venture Exchange Listing SHARES OUTSTANDING 102.0M TSX: WHY 52 Week Low − High FULLY DILUTED 118.2M $0.18 − $0.50 INSIDER OW NERSHIP MARKET CAPITALIZATION 28% $25.2M DEBT $4.3M WHY.V | February, 2025 21
Slide 22: Our Professional Team
OUR PROFESSIONAL TEAM FRANK MARASCO PAT NELSON MARIA MARASCO BARRY BAIM FOUAD KAMALEDDINE CEO, DIRECTOR DIRECTOR DIRECTOR DIRECTOR PHD, P.ENG, ADVISOR Fran k Marasco is also Presiden t and Ms. Nelson was the Vice Chair an d Mrs. Marasco is an Mr. Baim b rings o ver 35 years Dr. Kamaled dine is the f
Slide 23: Why Invest in W.H.Y Resources?
WHY INVEST IN W.H.Y RESOURCES? Multiple Stream of Revenue Potential HIGH GRADE GOLD EXPLORATION MAGNESIUM MINIING REJECTS AT MIDNIGHT CLAIM ✓ WHY will produce low cost, high purity, ✓ Over 225K metric tons of mine ✓ High potential of finding high- and high margin magnesium products for rejects alrea
Slide 24: Contact Us
CONTACT US West High Yield (W.H.Y.) Resources Ltd TSXV: WHY Frank Marasco, President and CEO Email: frank@whyresources.com Office: (403) 660 3488 Fax: (403) 206 7113 PO Box 68121 Calgary, Alberta T3G 3N8 www.whyresources.com WHY.V | February, 2025 24
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