Atex Resources Inc. · TSX:ATX
Atex Resources — Investor Presentation (2021)
29 slides from Atex Resources's investor presentation, 2021
Slide 1: Unlocking a New Cu-Au Porphyry Camp in Chile
TSXV:ATX, ECRTF:OTC, EAT3:FF Unlocking a New Cu-Au Porphyry Camp in Chile
Slide 2: Disclosure Statements
Disclosure Statements FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to: the success of exploration activities; mine development prospects; and, potential for
Slide 3: ATEX Resources Inc. – An Introduction
ATEX RESOURCES INC. – An Introduction • Chilean-focused exploration and development company • Management team has an exceptional record of exploration discoveries • Flagship Valeriano Project 2021 resource drilling focused on expanding Gold Oxide Deposit • Epithermal Gold Oxide Deposit* – 621,500
Slide 4: Management has a Wealth of Experience
Management has a Wealth of Experience Significant public company experience • Management founded & ran two public companies that were sold: Atacama Pacific Gold → sold to Rio2 in 2018. Andina Minerals → sold to Hochschild in 2012. Established local presence • Key technical professionals have 100
Slide 5: An Accomplished Team
An Accomplished Team Dr. Raymond Jannas, CEO • Over 40 years’ experience in mining geology & exploration. • Headed teams that led to discovery of Pascua-Lama, El Morro & Cortadera in Chile. • Held senior positions with Gold Fields, Barrick Gold, LAC Minerals, Hochschild Mining, Metallica Resources.
Slide 6: Share Structure
Share Structure Capital Structure Share Ownership Securities Number Price ($) Expiry Date Management 22.1% Palisades Goldcorp. 9.6% Common Shares 36,675,261 - Retail 68.3% Warrants 10,000,000 0.20 29/04/24 100% Warrants 3,186,333 0.40 31/01/24 - 20/02/24 Warrants 16,500,000 0.30 23/11/22 Warrants 60
Slide 7: Valeriano Copper Gold Porphyry Project
Valeriano Copper Gold Porphyry Project ATEX Resource Inc. 7
Slide 8: Located Within the Prolific El Indio Belt
Located Within the Prolific El Indio Belt • Property comprises 15 exploitation and 2 exploration concessions covering 3,705 ha • 125 km southeast of the City of Vallenar, Atacama Region, northern Chile • Elevation between 3,800 to 4,400 masl. • Good road access • Water available in the region ATEX R
Slide 9: Valeriano Project Summary
Valeriano Project Summary NuevaUnion Project • Contiguous to the advanced Barrick / Antofagasta El Encierro Newmont Goldcorp / Teck 9 M oz Au & 18 B lb Cu copper gold project 577 Mt @ 0.48 g/t Au (P&P) 2,014 Mt @ 0.40% Cu (P&P) • Recently completed Valeriano resource estimates: • Gold Oxide Epitherm
Slide 10: 2021 Exploration Program Highlights
2021 Exploration Program Highlights • 1,708 metres of reverse circulation drilling with all holes returning significant intervals of +0.2 g/t gold mineralization hosted within the volcaniclastic upper unit including: • 40 metres grading 1.25 g/t gold and 4.06 g/t silver (drill hole ATXR08) • 50 metr
Slide 11: Gold Oxide Deposit Resource Estimate
Gold Oxide Deposit Resource Estimate Valeriano Gold Oxide Resource Estimate – Inferred Category Cut-off Grade (g/t) Ounces Tonnes (g/t Au) Au Ag Au Eq. Au Ag Au Eq. 0.200 62,819,175 0.395 2.16 0.425 797,662 4,361,385 858,244 0.225 51,842,530 0.434 2.22 0.464 722,647 3,691,909 773,917 0.250 41,119,09
Slide 12: Valeriano Surface Geology and New GBV Gold Zone
Valeriano Surface Geology and New GBV Gold Zone • Gold-oxide mineralization occurs at the contact between the basement rhyolithic tuffs (Permo-Triassic) and overlying Miocene volcaniclastics. • An ENE fault separates the Gold Oxide Deposit from the southern porphyry environment. • Flat-lying faults
Slide 13: Schematic Section Through the Valeriano Porphyry System
Schematic Section Through the Valeriano Porphyry System 70 m area of influence on either side GBV Zone Gold-Oxide (+0.275 g/t Au Block Model) Valeriano Porphyry (+0.4% Cu Block Model) Porphyry Average Grades VP1 – 0.6 - 0.8% Cu; 0.2 - 0.4 g/t Au VP2 – 0.4 - 0.6% Cu; 0.2 - 0.3 g/t Au VP3 – 0.2 - 0.4%
Slide 14: Copper Gold Porphyry Deposit Resource Estimate
Copper Gold Porphyry Deposit Resource Estimate Valeriano Copper Gold Resource Estimate – Inferred Category Grade Contained Metal Cut-off Tonnes (% Cu) (millions) Cu Au Ag Cu Eq. Cu Au Ag Cu Eq. (%) (g/t) (g/t) (%) (tonnes) (oz) (oz) (tonnes) 0.2 684.58 0.49 0.163 0.91 0.64 3,321,772 3,590,244 20,039
Slide 15: Valeriano Porphyries
Valeriano Porphyries ATEX Resource Inc. 15
Slide 16: Recent Studies Expand Porphyry Potential
Recent Studies Expand Porphyry Potential Copper Gold Porphyry Deposit is open in all horizontal directions and to depth New identified porphyries at surface towards the SE suggests another mineralized cluster may occur higher in the sequence, closer to surface Undrilled SE OPEN ? OPEN OPEN OPE
Slide 17: Porphyry Potential Highlighted by Geophysics
Porphyry Potential Highlighted by Geophysics 0.40% Cu outline (3,400 masl) ATEX Resource Inc. 17
Slide 18: Global Copper Intercepts
Global Copper Intercepts Best holes over the past 2 years with Copper as the primary commodity Date Hole # Project Country Company From (m) To (m) Interval (m) CuEq (%) %xm 02/24/20 VHD037 Onto Indonesia PT Sumbawa Timur Mining 536 1,484.60 948.6 1.893 1,796.00 03/13/21 FSDH041 Filo del Sol Argentin
Slide 19: Next Steps Towards Unlocking the Valeriano's Value
Next Steps Towards Unlocking the Valeriano’s Value Copper Gold Porphyry Gold Oxide • Develop a time-space diagram of the evolution • Complete a 3-D model with updated geology of the porphyry deposit • Prepare new Gold Oxide Deposit resource • Conduct detailed geophysics in the new SE incorporating 2
Slide 20: High Sulphidation Generative Program “HS-GEN”
High Sulphidation Generative Program “HS-GEN” ATEX Resource Inc. 20
Slide 21: HS-GEN: Northern Chile
HS-GEN: Northern Chile • Grassroots exploration for high-sulphidation epithermal Au/Ag deposits in northern Chile • +60 potential targets identified of which ATEX has staked 6 open areas (12,500 ha) Field review second tier open areas before staking. • Recently staked properties (ATEX 100%): Tan
Slide 22: HS-GEN Example - Tango & Cueca Properties
HS-GEN Example - Tango & Cueca Properties • Tango & Cueca properties were identified as high priority targets and staked by ATEX • Extensive areas of advance argillic alteration (alunite-pyrophyllite-jarosite- Cueca kaolinite). • Numerous targets have been identified Tango • Targets appears to be pa
Slide 23: Looking Forward
Looking Forward • HS-GEN property review to commence in Q4 2021 • All properties are staked - low cost, high reward exploration • Focus on Valeriano in late 2021 - early 2022 including: • Updated Gold Oxide Deposit resource estimate • Infill drilling and GBV Gold Zone drilling • Examine the potentia
Slide 24: Phase 2 Exploration Program - 2021/2022 Field Season
Phase 2 Exploration Program - 2021/2022 Field Season Phase 2 Exploration Program (C$) Valeriano Project Geophysics – IP / Mag to located potential near surface Cu/Au porphyry mineralization 500,000 Drilling Gold-Oxide Deposit infill drilling and GBV Zone exploration (up to 2,000 m) 1,200,000 Copper
Slide 25: Earning a 100% Interest in Valeriano
Earning a 100% Interesting in Valeriano Option Agreement US$ By September 1, 2023 $10 M in work commitments including 8,000 m of drilling Drilling: 1,708 m to date, 6,000 m planned for Phase 2, 2,300 m remaining Expenditures: $3.0 M spent to date (estimated total spent after Phase 2 - $8.0 M) Paymen
Slide 26: Copper Equivalent (%) Cu, Au, Mo & Ag
Block Cave Operations & Development Projects 2.00 Resources (including Reserves) 1.75 5,000 Mt Resolution 2,500 Mt Golpu Copper Equivalent (%) Cu, Au, Mo & Ag Rio Tinto / BHP 1,000 Mt Newcrest 1.50 500 Mt Contained US$ Value 1.25 New Afton HD North New Gold Chuquicamata U/G Rio Tinto Codelco 1.00 Va
Slide 27: Comparables – Cu/Au Porphyry Explorers
Comparables – Cu/Au Porphyry Explorers Price Market Cap Resources Cu Au Ag Mo Cu eq. Company Project Shares O/S C$/share C$ (Mt) % g/t g/t ppm % Filo Mining Filo del Sol 110,767,673 8.75 $ 969,217,139 425 1 0.33 0.32 10.7 - 0.62 Josemaria Josemaria 379,478,967 0.95 $ 360,505,019 1,066 2 0.29 0.21 0.
Slide 28: Chile Political Risk
Chile Political Risk Pending Copper Royalty Bill: • An update mining royalty bill passed by the Lower House in May is now in the Senate for debate. • Timing and the final terms of the new royalty is uncertain, all indications are that the current proposal will be softened. • Chile, like other host n
Slide 29: ATEX Resources Inc. Minimizing the Time to Maximizing the Value
ATEX Resources Inc. Minimizing the Time to Maximizing the Value Contact: Raymond Jannas, President and CEO rjannas@atexresources.com ATEX Resource Inc. 29