Maple Gold Mines Ltd · TSXV:MGM
Maple Gold Mines — Investor Presentation (March 2022)
34 slides from Maple Gold Mines's investor presentation, March 2022
Slide 1: Corporate Presentation March 2022
CORPORATE PRESENTATION MARCH 2022
Slide 2: Disclaimer
DISCLAIMER Cautionary Notes Regarding Forward-Looking Statements This Corporate Presentation (“Presentation”) includes “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legisl
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Established/Growing Gold Located in Quebec’s Prolific Strategic & JV Partnership Major Company Robust Balance Sheet Strong Institutional Resource and High-Grade Abitibi Greenstone Belt with a Top Tier Gold Producer Management & Board Shareholders Historic Mine Complex 3 Moz Au
Slide 4: The Canadian Hub for Mining
THE CANADIAN HUB FOR MINING The Abitibi gold belt stretches from Wawa, Ontario to Chibougamau, Quebec – two of Canada’s top mining jurisdictions and hotbed for M&A activity. MAPLE GOLD *Quebec consistently ranked as a top 10 mining jurisdiction in the world (Fraser Institute). *Exploration tax-incen
Slide 5: Recent Gold M&A Activity Focused on the Abitibi
RECENT GOLD M&A ACTIVITY FOCUSED ON THE ABITIBI The Abitibi region has produced ~$25B in M&A activity since 2013 2022: C$13.5B Agnico Eagle / Kirkland Lake merger transaction completed PAGE 5
Slide 6: Largest Abitibi Gold Mines
LARGEST ABITIBI GOLD MINES PAGE 6
Slide 7: Strategically Located District-Scale Land Position
STRATEGICALLY LOCATED DISTRICT-SCALE LAND POSITION ❖ Blue ellipses highlight key synergies between Agnico and Kirkland Lake assets/operations. ❖ Maple Gold’s Douay-Joutel-Eagle 400 km² property package (highlighted in gold ellipse) ▪ Established and growing 3.03 Moz gold resource at Douay (50/50) ▪
Slide 8: District-Scale Mineralization Footprint at Douay
DISTRICT-SCALE MINERALIZATION FOOTPRINT AT DOUAY ▪ Similar mineralization footprint to the two largest mines in the Abitibi ▪ Douay remains underexplored vs. Canadian Malartic and Detour Lake ▪ 55km of strike along the Casa Berardi Deformation Zone ▪ Significant exploration upside Disclaimer: Minera
Slide 9: Exceptional Infrastructure Access
EXCEPTIONAL INFRASTRUCTURE ACCESS ❖ 2.5-hour drive north of Val d’Or, Quebec along paved 2-lane provincial highway (Hwy #109), which runs through the property ❖ Next to 1 of 6 major power lines in Douay Resource 3.03M oz Au* the province ❖ 55 km SW of Matagami with skilled labour, local airport and
Slide 10: Strong Partnership with Agnico Eagle
STRONG PARTNERSHIP WITH AGNICO EAGLE ▪ CANADA’S LEADING GOLD PRODUCER & 3rd LARGEST GOLD PRODUCER WORLDWIDE. ▪ Takes extremely conservative and measured approach to investments and asset acquisition. ❖ 50-50 JV Agreement signed February 2021: Agnico is funding C$18.25M in exploration over 4 years (2
Slide 11: Douay Gold Project – Overview
DOUAY GOLD PROJECT – OVERVIEW DOUAY GOLD PROJECT (50%) One of the Largest Undeveloped Gold Resources in Quebec Indicated: 10.0 Mt @ 1.59 g/t Au for 511 Koz Au Inferred: 76.7 Mt @ 1.02 g/t Au for 2.53 Moz Au Major resource expansion and new discovery potential across 357 km2 property package - virtua
Slide 12: Douay 2022 Mineral Resource Estimate (MRE) Summary
DOUAY 2022 MINERAL RESOURCE ESTIMATE (MRE) SUMMARY Pit-Constrained & Underground Mineral Resource Estimate (SLR 2022) ▪ The 2022 MRE was independently prepared by SLR Consulting (Canada) Tonnes Grade Contained Metal Resource Category Ltd. ("SLR") with an effective date of March 17, 2022 (Mt) (g/t Au
Slide 13: Updated Oblique View of New SLR Pits, Blocks and Drilling Since MRE
UPDATED OBLIQUE VIEW OF NEW SLR PITS, BLOCKS AND DRILLING SINCE MRE ▪ Targeted infill drilling demonstrates Maiden Indicated Resource: the potential for future resource 58,000oz @ 2.85 g/t Au conversion (total Indicated now 511,000oz @ 1.59 g/t Au) within the currently defined mineralized Maiden Ind
Slide 14: Douay Expansion Potential at Depth Compared to Canadian Malartic
DOUAY EXPANSION POTENTIAL AT DEPTH COMPARED TO CANADIAN MALARTIC The Douay-Joutel JV is based on the Canadian Malartic JV Partnership Canadian Malartic is now Canada’s largest gold mine NW-SE vertical longitudinal section (all zones) showing distribution of below-pit-shell underground blocks >1.15 g
Slide 15: JV Deeper Drilling: Hunting for the Next East Gouldie
JV DEEPER DRILLING UP TO 1,500-2,000 METRES CURRENTLY IN THE PLANNING STAGES: HUNTING FOR THE NEXT EAST GOLDIE East Gouldie To Scale East Goldie Resources = To Scale 6.4Moz @ 3.2 g/tAu *Canadian Malartic East Gouldie Zone and total resource depth shown for comparison purposes only. Gold mineralizati
Slide 16: Western Porphyry Zone – Significant Potential Along Shear Zone to the North
WESTERN PORPHYRY ZONE – SIGNIFICANT POTENTIAL ALONG SHEAR ZONE TO THE NORTH • Very limited drilling to the north of the lithological boundary between cartwright hills to the south and sediments to the north. • DO-21-295 cut 72.7 g/t Au (highest grade sediment hosted intercept to- date at Douay) • La
Slide 17: Deepest Drillhole Ever at Douay Just Completed in Winter 2022 Campaign
DEEPEST DRILLHOLE EVER AT DOUAY JUST COMPLETED IN WINTER 2022 CAMPAIGN • JV just completed 1,035 m drillhole at Nika to test well NW ZONE NIKA ZONE below currently defined mineralization. • 2022 MRE included first ever UG resources at the Nika Zone • Testing for concentrations of higher-grade gold m
Slide 18: Agnico Eagle's 1st Gold Mine: Joutel Mine Complex (1974-1993)
AGNICO EAGLE’S 1ST GOLD MINE: JOUTEL MINE COMPLEX (1974-1993) Joutel Mine Site Entrance Telbel Headframe Eagle Mine Mill Complex Note: Historical photos. All surface infrastructure has been reclaimed. PAGE 18
Slide 19: History of the Joutel Mine Complex
HISTORY OF THE JOUTEL MINE COMPLEX USD Gold Price Chart with Key Events MGM commences Phase I $2,250 drill program at Eagle MGM-AEM complete 50/50 JV on Douay/Joutel Gold Projects $2,000 Globex drills 12.4 m @ 2.9 g/t Au, including 4.8 m @ 5.4 ??? g/t Au (EM-14-001) at Eagle $1,750 $1,500 AEM drills
Slide 20: Joutel/Eagle: A Historic Mine Trend with High-Grade Upside
JOUTEL/EAGLE: A HISTORIC MINE TREND WITH HIGH-GRADE UPSIDE JOUTEL PROJECT JOUTEL (50%), GOLD EAGLE PROJECT PROJECT (50%) (100%) Hosts Agnico’s former Joutel Mining Complex Past production of 6.2 Mt at 6.5 g/t Au for total of 1.15 Moz gold* Mined from 1974 to 1993 (closed when gold price was ~$360/oz
Slide 21: Eagle-Telbel Long Section Shows Significant Drilling Gaps
EAGLE-TELBEL LONG SECTION SHOWS SIGNIFICANT DRILLING GAPS SEE SLIDE 23 A High-Grade Restart Opportunity with Excellent Near-Mine Expansion Potential PAGE 21 PAGE 21
Slide 22: Phase I Drill Program Underway at Eagle
PHASE I DRILL PROGRAM UNDERWAY AT EAGLE ▪ Lateral and depth extensions at Eagle both show significant potential ▪ Potential parallel mineralization shoot to the NW of mined out stopes at Eagle ▪ Exploration will target undrilled areas with grade and volume potential ▪ ~5,000 m Phase I program in Q1
Slide 23: Eagle Mine: High-Grade Mineralization Beyond the Main Mine Trend
EAGLE MINE: HIGH-GRADE MINERALIZATION BEYOND THE MAIN MINE TREND • Historically, select samples were sent for assaying based on visual observations and often only assayed for gold (i.e. if core didn’t appear likely to run 5-10 g/t Au it wasn’t assayed given higher cut-off grades in a lower gold pric
Slide 24: Capital Structure, Financial Position and Ownership
CAPITAL STRUCTURE, FINANCIAL POSITION AND OWNERSHIP As of March 17, 2022 Share Ownership Mix Shares Outstanding 335.1M 2.7% Warrants (~45% Agnico)1 56.9M 12.1% Options2 22.6M Management/Insiders/Closely Related Fully Diluted3 417.3M 44.2% Agnico Eagle Mines 52-week high/low share price $0.49-$0.24 M
Slide 25: Key Management & Advisors
KEY MANAGEMENT & ADVISORS Matthew Hornor Joness Lang Kiran Patankar Fred Speidel David Broughton President & CEO Executive VP SVP Growth Strategy VP Exploration Technical Advisor ▪ Extensive expertise in ▪ B.Com/Finance background ▪ 15 years of senior experience ▪ 30+ years exploration ▪ Former Exec
Slide 26: Board of Directors
BOARD OF DIRECTORS Michelle Roth Matthew Hornor Gérald Riverin Maurice Tagami Sean Charland Chairperson President & CEO, Director Director & Technical Advisor Director & Technical Advisor Director • Entrepreneur and business • Extensive expertise in • Internationally renowned • Technical Ambassador
Slide 27: The Maple Gold Value Stack
THE MAPLE GOLD VALUE STACK ➢ C$23.7M IN CASH (AS OF JANUARY 1, 2022) ➢ C$21M IN POTENTIAL WARRANT PROCEEDS ➢ C$18.25M IN JOINT VENTURE FUNDING FROM AGNICO EAGLE (2021-2024) C$114M ➢ C$40M IN BUY BACK PROVISIONS TIED TO MAPLE GOLD’S 2% NSR AT DOUAY ➢ C$150M IN DRILLING REPLACEMENT COSTS (250,000+ MET
Slide 28: Recent Milestones & Upcoming Catalysts
RECENT MILESTONES & UPCOMING CATALYSTS 2021 H1/2022 ✓ Signed Definitive JV Agreement with Agnico Eagle ✓ Delivered Updated NI-43-101 Mineral Resource Estimate ✓ Initial JV drill program returned 3 of top 5 intercepts ever reported at Douay ❑ Results from Fall 2021 drill campaign at Douay ✓ Major dig
Slide 29: Contact Information
CONTACT INFORMATION SUITE 600 1111 WEST HASTINGS STREET VANCOUVER, BC V6E 2J3 CANADA PHONE: +1 (647) 265.8688 EMAIL: INFO@MAPLEGOLDMINES.COM Douay headframe at night – October 2021
Slide 30: Appendix
APPENDIX ; 4 MAPLE MAPLEGOLDMINES.COM
Slide 31: Douay 2022 Mineral Resource Estimate (MRE) Additional Information
DOUAY 2022 MINERAL RESOURCE ESTIMATE (MRE) ADDITIONAL INFORMATION Douay Pit-Constrained & Underground Resource Summary by Zone Douay Pit-Constrained Indicated & Inferred Resource Sensitivity Table Tonnes Grade Contained Metal Indicated Mineral Resources Inferred Mineral Resources Resource Category D
Slide 32: Winter Drilling Targeting SE Depth Extension at Douay West Zone
WINTER DRILLING TARGETING SE DEPTH EXTENSION AT DOUAY WEST ZONE • Step-out drilling at Douay West (DW) following up on 2021 confirmation of lower zone (DO-21-294: 3.80 g/t Au over 15 m near-surface + lower zone of 2.98 g/t Au over 5m) PAGE 32
Slide 33: Increasing Hit Rate at Douay
INCREASING HIT RATE AT DOUAY TOP 20 DRILL HITS AT THE DOUAY GOLD PROJECT TO-DATE 4KM ACCESS ROAD TO HWY 109 (5 OF TOP 10 DRILL HITS DELIVERED BY MAPLE GOLD EXPLORATION TEAM) Rank Hole Year Length Area From To Interval Au g/t Accum 1 DO-05-04 2005 213.0 Porphyry 201 201.5 0.5 2888.0 1444.0 2 DO-21-29
Slide 34: Thank You
THANK YOU Northern Lights over Douay camp – October 2021
Maple Gold Mines — Investor Presentation (March 2022) on 6ix