Pacific Ridge Exploration Ltd. · TSXV:PEX
Pacific Ridge Exploration — Investor Presentation (March 2022)
28 slides from Pacific Ridge Exploration's investor presentation, Mar 10, 2022
Slide 1: Focused on copper-gold projects in British Columbia
Focused on copper-gold projects in British Columbia March 2022
Slide 2: Forward looking statements
Forward looking statements This presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that Pacific
Slide 3: Why Pacific Ridge?
Why Pacific Ridge? Our goal is to become one of B.C.’s leading copper-gold exploration companies. • Strong management team, board, and technical committee. • Opportunity to make a significant discovery at flagship Kliyul copper-gold project. • 2021 drill program (three holes in 1,544 m) extended min
Slide 4: Management & board
Management & board Gerald G. (Gerry) Carlson, PhD, PEng. Executive Chairman & Director Over 40 years of international experience in managing mineral exploration and mining development companies with a focus on precious and base metal deposits. Received the J.C. Sproule Award for his work in the Yuko
Slide 5: Technical committee
Technical committee Borden Putnam III, MSc., PGeo. Technical Committee Chair Over 40 years of experience in the mineral industry. Mr Putnam has worked predominantly as an asset analyst and geologist and as a buy-side analyst at several U.S.-based mutual and hedge funds, including Eastbourne Capital
Slide 6: Share structure
Share structure Trading symbols: PEX: TSXV PEXZF: OTCQB Capital structure: Common shares: 56.5M Warrants: 8.7M Stock options: 4.6M Fully diluted: 69.8M Key Shareholders: Crescat: 16% DELPHI: 13% 12-month stock chart Insiders: 7% Other funds: 6% 52-week high/low: CAD$0.58/$0.10 Market capitalization:
Slide 7: Project Portfolio
Project Portfolio BC projects: • Kliyul copper-gold porphyry project. • RDP copper-gold porphyry project. • Onjo copper-gold porphyry project. • Redton copper-gold porphyry project. Yukon projects: • Fyre Lake Cu-Au-Co project. • Mariposa gold project. • Eureka Dome gold project. • Gold Cap gold pro
Slide 8: Kliyul copper-gold project
Kliyul copper-gold project 8
Slide 9: Kliyul copper-gold project: overview
Kliyul copper-gold project: overview • Option to acquire up to a 75% interest from Centerra Gold (optioned in 2020). • Over 60 km2 in size and close to existing infrastructure. • Similar geological environment to other B.C. copper-gold porphyry deposits: Kemess (Centerra), Mt. Milligan (Centerra), R
Slide 10: Kliyul copper-gold project: the Quesnel Trough
Kliyul copper-gold project: the Quesnel Trough • Kliyul: Pacific Ridge’s flagship copper-gold porphyry project. • Mount Milligan: Producing porphyry Cu-Au mine (Centerra Gold). • Kemess: Past producing porphyry Cu-Au mine; future producer (Centerra Gold). • Kwanika and Stardust NorthWest Copper (~$9
Slide 11: Kliyul copper-gold project: infrastructure
Kliyul copper-gold project: infrastructure 5km from Omineca road and 230 kV power line that serves Kemess - 50km north. 11
Slide 12: Highlighted historic KMZ drill intercepts
Highlighted historic KMZ drill intercepts • 33 drill holes (5,524 m) at Hole From(m) To(m) Width(m) Cu(%) Au(g/t) CuEq(%)* AuEq(g/t)** KMZ, most targeting a near- KL-5 10.8 68.3 57.5 0.32 0.99 0.95 1.49 surface copper-gold KL-6 30.1 78.9 48.8 0.31 1.33 1.16 1.82 magnetite skarn zone (KL-5 KL-7 20.0
Slide 13: Kliyul copper-gold project: 2021 drill program
Kliyul copper-gold project: 2021 drill program Chalcopyrite+pyrite mineralization in KLI-21-036 at 294.50 m • 1,544 m of drilling in three diamond drill holes at KMZ. • All of the holes encountered classic copper-gold porphyry-style mineralization. • Mineralization at KMZ successfully extended to th
Slide 14: KMZ Sulphide Zonation
KMZ Sulphide Zonation View to Northwest [= Pwrite only [) Pyrite > chalcopyrite [Ey Chatcopyrite > Pyrite GB Chatcopyrite [chalcopyrite > Bomnke HB cornite > chalcopyrite $UBE Fauttzone ee KLI-21-036 ~KLE-21-038 KLI-21-037 _ ——_ PACIFIC RIDGE exploration Itd.
Slide 15: Kliyul copper-gold project: 2021 drill program results
Kliyul copper-gold project: 2021 drill program results Hole From(m) To(m) Width(m) Cu(%) Au(g/t) CuEq(%)* AuEq(g/t)** KLI-21-036* 12.0 449.0** 437.0 0.22 0.60 0.61 0.96 Includes 12.0 65.0 53.0 0.22 0.83 0.75 1.17 And 12.0 33.0 21.0 0.34 1.30 1.17 1.84 And 47.0 65.0 18.0 0.22 0.89 0.79 1.23 Includes
Slide 16: Kliyul copper-gold project: IP chargeability - 2021 drill holes
Kliyul copper-gold project: IP chargeability - 2021 drill holes • 2021 drilling extended mineralization at KMZ to the west and to depth. • Remains open to the west, south, southwest, southeast, northeast, and to depth. • 2022 drilling will look to expand KMZ laterally and to depth. • Kliyul East and
Slide 17: Kliyul copper-gold project: DCIP resistivity - 2021 drill holes
Kliyul copper-gold project: DCIP resistivity - 2021 drill holes • 2021 drilling extended mineralization at KMZ to the west and to depth. • Remains open to the west, south, southwest, southeast, northeast, and to depth. • 2022 drilling will look to expand KMZ laterally and to depth. • Kliyul East and
Slide 18: Kliyul copper-gold project: comparable B.C. deposits/mines
Kliyul copper-gold project: comparable B.C. deposits/mines How do holes KLI-21-036, KLI-21-037, KLI-21-038, and the highlighted historic drill intercepts compare to other porphyry deposits/mines in B.C.? Deposit/Mine Mt Cu (%) Au (g/t) CuEq* (%) AuEq** (g/t) Category MT. MILLIGAN 482 0.20 0.39 0.45
Slide 19: Kliyul copper-gold project: multiple porphyry targets
Kliyul copper-gold project: multiple porphyry targets • Porphyry deposits occur in clusters. • Scale compares favourably with other well known mines and deposits. • In addition to the KMZ, four other porphyry targets exist along an underexplored 4-km long mineralized trend: Bap Ridge, Ginger, M-39 a
Slide 20: Kliyul copper-gold project: summary
Kliyul copper-gold project: summary • Kliyul is located in a prolific mining belt close to existing infrastructure. • Many similarities with other copper-gold porphyry deposits in BC: Mt. Milligan, Kemess, Red Chris, and Saddle North. • 2021 drilling materially enhanced mineralized footprint at KMZ;
Slide 21: RDP copper-gold project
RDP copper-gold project • Optioned to a wholly-owned subsidiary of Antofagasta PLC: o Can acquire a 75% interest by spending $10,000,000 over eight years and delivering a PEA report. • Over 10,000 hectares in size, 40 km west of Kliyul. • Similar geological environment to NorthWest Copper’s East Niv
Slide 22: Onjo copper-gold project
Onjo copper-gold project • Owned 100%. • Over 9,700 hectares in size, the road accessible Onjo is 15 km west of Centerra Gold’s Mount Milligan mine: o 837 million pounds copper and 2.1 million ounces gold*. • Occurs on the same magnetic trend that hosts the Mount Milligan mine, the Chuchi deposit an
Slide 23: Redton copper-gold project
Redton copper-gold project • Option to acquire up to a 75% interest from Centerra Gold. • Adjacent to NorthWest Copper’s Kwanika: ▪ 223.6 million tonnes grading 0.27% copper, 0.25 g/t gold and 0.87 g/t silver containing 1.32 billion pounds of Cu, 1.83 million ounces of Au and 6.27 million ounces of
Slide 24: Yukon projects
Yukon projects • Fyre Lake Cu-Au-Co VMS deposit optioned to BMC Minerals Ltd. (final payment of $850K due in 2022). Three 100% owned gold projects located in the White Gold District. • Mariposa: Target is a White Gold/Coffee-style gold deposit. Drilled in 2010-12 with best result of 2.74 gpt Au over
Slide 25: Why Pacific Ridge?
Why Pacific Ridge? Our goal is to become one of B.C.’s leading copper-gold exploration companies. • Strong management team, board, and technical committee. • Opportunity to make a significant discovery at flagship Kliyul copper-gold project. • 2021 drill program (three holes in 1,544 m) extended min
Slide 26: Pacific Ridge Exploration Ltd.
Pacific Ridge Exploration Ltd. 1111 Melville Street, Suite 1100 Vancouver BC V6E 3V6 www.pacificridgeexploration.com Blaine Monaghan TSX-V: PEX President & CEO Phone: 604-687-4951 bmonaghan@pacificridgeexploration.com
Slide 27: Kliyul and Redton option terms
Kliyul and Redton option terms Pacific Ridge has the right to earn a 51-per-cent interest in the properties by making cash payments of $100,000, issuing two million shares and spending $3.5-million on exploration by Dec. 31, 2023. The Company then has the right to increase its interest in the proper
Slide 28: RDP option terms
RDP option terms Pacific Ridge has the option to earn a 100% interest in RDP by making payments of $125,000 ($5,000 on signing), issuing 1,200,000 shares (100,000 shares on signing) and completing $810,000 in exploration in stages by December 15, 2023. In addition, Pacific Ridge will issue 300,000 s
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