Slide 1: High-Impact Critical Minerals Exploration in Canada
HIGH-IMPACT CRITICAL MINERALS EXPLORATION IN CANADA Uranium l Lithium l Tier-1 locations MARCH 2024 INVESTOR PRESENTATION George Bauk, Executive Chairman
Slide 2: Disclaimer & Forward-Looking Statements
DISCLAIMER & FORWARD-LOOKING STATEMENTS This presentation contains forward looking statements. Forward looking statements are often, but not always, identified by the use of words such as "seek", “target”, "anticipate", “forecast”, "believe", "plan", "estimate", "expect“ and "intend“ and statements
Slide 3: Disclaimer & Forward-Looking Statements
DISCLAIMER & FORWARD-LOOKING STATEMENTS No New Information Disclaimer The information in this presentation that relates to Exploration Results from the Picha Project, Peru is extracted from the ASX announcements titled "Peru Project initial assays deliver high-grade results" dated 2nd June 2021, "Pe
Slide 4: Ingredients for Success – Right Minerals, Right Time
INGREDIENTS FOR SUCCESS – RIGHT MINERALS, RIGHT TIME FOCUSED ON HIGH-GRADE URANIUM IN CANADA LARGE & STRATEGIC PORTFOLIO The Athabasca Basin is the source of the world’s highest-grade uranium and SIZE OF THE PRIZE IS SIGNIFICANT IN CANADA accounts for ~20% of global supply. DRILL-READY TARGETS Over
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT BOARD OF DIRECTORS MARKET CAP - A$13.8m SHARE PRICE – A$0.003 George Bauk EXECUTIVE CHAIRMAN Gary Billingsley NON-EXECUTIVE DIRETOR SHARES ON ISSUE – SHARES ON ISSUE POST CONSOLIDATION Robin Wilson TECHNICAL DIRECTOR 4,589,013,361 181m ASX : VAL 5
Slide 6: Board of Directors & Management Team
BOARD OF DIRECTORS & MANAGEMENT TEAM • Extensive resource industry experience, both in Australia • Senior exploration positions in several resource companies and overseas including Polaris Metals, Tanganyika Gold, Troy Resources, CRA Exploration and Northern Minerals • Global operational and corpora
Slide 7: Corporate Transformation Underway
CORPORATE TRANSFORMATION UNDERWAY NOTICE OF MEETING - 19th MARCH 2024 VARIOUS RESOLUTIONS TO NOTIFY/APPROVE RECENT SHARE ISSUES FOR Completion of Surprise Creek acquisitions, Hook Lake Earn-In Completion, Jesaulenko acquisition placement shares, Issue of shares to Lead Broker. Approval for issue
Slide 8: ESG – Licence to Operate
ESG – LICENCE TO OPERATE EARLY ENGAGEMENT ESG forms part of our core values – early engagement with local communities, provision of employment opportunities during the preparation and implementation of our drilling program in Canada and sourcing local contractors INCLUSIVITY Ensuring all members
Slide 9: Uranium in the Athabasca Basin, Canada
URANIUM IN THE ATHABASCA BASIN, CANADA Highest grade in the world, with drill targets developed and ready to go. World-class mines located in close proximity.
Slide 10: Strategically Positioned In and Around the Athabasca Basin, Canada
STRATEGICALLY POSITIONED IN AND AROUND THE ATHABASCA BASIN, CANADA FOUR MAIN URANIUM PROJECTS WITH DRILL TARGETS DEFINED AND READY FOR TESTING HIDDEN BAY – Drill ready (pending permit) Located near the historical Rabbit Lake Uranium Mine (203Mlbs uranium produced) Potential for basement-hosted (e.g.
Slide 11: Why the Athabasca Basin?
WHY THE ATHABASCA BASIN? With the exception of a handful of world-class deposits, the Athabasca basin has been largely under-explored for the past 40 years. Limited modern exploration has been undertaken, and the opportunity for new discoveries is vast. Average grade across Saskatchewan ranked Athab
Slide 12: Hidden Bay Uranium Project – 100%
HIDDEN BAY URANIUM PROJECT – 100% SIMILAR GEOLOGICAL SETTING TO NEARBY RABBIT LAKE AND EAGLE POINT URANIUM DEPOSITS Prospective for unconformity and basement-hosted uranium deposits Located about 20km and 30km south-east of Rabbit Lake Uranium Mine and Eagle Point Uranium Mine respectively Rab
Slide 13: Hidden Bay Uranium Project – 100%
HIDDEN BAY URANIUM PROJECT – 100% DRILL TESTING PROPOSED FOR 2024 – FIVE HOLES FOR 2,400m Six priority targets identified from an airborne gravity survey completed in June 2022, historical data review and radon geochemistry Targets are close to the regional Athabasca unconformity – a primary con
Slide 14: Cluff Lake Uranium Project – 100%
CLUFF LAKE URANIUM PROJECT – 100% LOCATED PROXIMAL TO THE UNCONFORMITY AROUND THE CARSWELL STRUCTURE 332km2 landholding located 7km east of the Cluff Lake Mine, which produced 62Mlb U3O8 at an average grade of 0.92% U3O8 Also located just 2.5km north-east of UEX/Orano’s Shea Creek uranium deposi
Slide 15: Cluff Lake Uranium Project – 100%
CLUFF LAKE URANIUM PROJECT – 100% TWO AREAS (MOOSE LAKE AND DOUGLAS RIVER) PROPOSED FOR DRILL TESTING IN 2024 Three drill targets defined ~15km north-east of Cluff Lake Mine – Moose Lake area Basement-hosted targets at Moose Lake with assays of up to 9.15% TREO (monazite) Second group of targe
Slide 16: Hook Lake Uranium Project – 80%
HOOK LAKE URANIUM PROJECT – 80% HIGH-GRADE SURFACE URANIUM MINERALISATION AT S-ZONE PROSPECT Surface sampling from the S-Zone prospect in 2021 returned assays up to 59.2% U3O8, 507g/t Ag, 14.5% Pb and 5.05% TREO Anomalous rock chip results also returned from West Way prospect with up to 0.64% U3
Slide 17: Hook Lake – New Geophysical Targets Identified
HOOK LAKE URANIUM PROJECT – 80% 11 NEW GEOPHYSICAL TARGETS IDENTIFIED – POTENTIAL BASEMENT-HOSTED TARGETS 2022 airborne gravity survey identified gravity lows potentially caused by hydrothermal alteration associated with uranium mineralisation 11 new targets highlighted by: o V-Grid – strong gra
Slide 18: Surprise Creek Uranium-Copper Project – 100%
SURPRISE CREEK URANIUM-COPPER PROJECT – 100% 17 CONTIGUOUS CLAIMS COVERING 197KM2 NEAR THE BEAVERLODGE URANIUM DISTRICT Located ~30km WNW of the Beaverlodge Uranium District, host to the historical Gunnar and Eldorado (Ace-Fay-Verna) uranium mines, plus many others Uranium deposits within the Be
Slide 19: Surprise Creek Uranium-Copper Project – 100%
SURPRISE CREEK URANIUM-COPPER PROJECT – 100% SURPRISE CREEK FAULT(SCF) – NO DRILLING SINCE 1968 Historical drilling (1968) returned 2.1m @ 4.37% U3O8 from 57m (VT20) including 0.9m @ 7.5% U3O8 Other significant historical results include 1.5m @ 0.1% U3O8 (VT13), 0.43m @ 0.49% U3O8 (VT05) and 0.1
Slide 20: Beatty River Heavy Rare Earth / Uranium Project – 100%
BEATTY RIVER HEAVY RARE EARTH / URANIUM PROJECT – 100% HISTORICAL HEAVY RARE EARTH PROSPECT Significant strategic addition to Valor’s portfolio: trenching and surface sampling by previous explorers reported assays up to 8.75% TREO with up to 1.15% Dy2O3 Rare earth mineral identified as xenotime
Slide 21: Lithium Projects
LITHIUM PROJECTS NORTH-WEST ONTARIO, CANADA Valor entered into exclusive option agreements to acquire 100% of three lithium projects in north-western Ontario, Canada
Slide 22: Highly Prospective Lithium Projects
HIGHLY PROSPECTIVE LITHIUM PROJECTS EXCLUSIVE OPTION AGREEMENTS ACROSS THE FOLLOWING THREE LITHIUM PROJECTS THAT PROVIDE POTENTIAL TO SIGNIFICANTLY EXPAND THE COMPANY'S NEW ENERGY METALS PORTFOLIO IN NORTH AMERICA MORRISON RIVER Highly prospective ground package located near Frontier Lithium’s Pak L
Slide 23: Frazer Lake Project
FRAZER LAKE PROJECT INITIAL DISCOVERY OF SPODUMENE WAS MADE IN AUGUST 2023, WITH ROCK CHIP SAMPLES RETURNING GRADES OF UP TO 7.25% Li2O Covers an area of area of 83km2 located within NW Ontario, Canada Recent channel sampling has returned: 44m at 0.54% Li2O Including: 3m at 0.97% Li2O, 3m at 1
Slide 24: Morrison River Project
MORRISON RIVER PROJECT MORRISON RIVER LITHIUM PROJECT, COVERING AN AREA OF 55KM2 LOCATED WITHIN ONTARIO, CANADA Mapping by Ontario Geological Survey defined five white pegmatite dykes within the greenstone belt. Pegmatite dykes trend in northwest-southeast direction over 13km strike length. Mo
Slide 25: Jesaulenko Project – 100%
JESAULENKO PROJECT – 100% THE JESAULENKO PROJECT COMPRISES 46KM2 OF CONTIGUOUS TENURE The Jesaulenko Lithium Project is located 25km east of the Frazer Lake Lithium Project Area is underlain by Archaean metasediments which have been intruded by muscovite-bearing granites which are a potential so
Slide 26: Copper in Peru
COPPER IN PERU ELEPHANT COUNTRY 5,000M DRILLING PROGRAM UNDERWAY AT PICHA MINE UNDER CONSTRUCTION WITHIN 10KM OF PICHA
Slide 27: Copper – Valuable Carried Interest (40%)
COPPER – VALUABLE CARRIED INTEREST (40%) UPSIDE FOR SHAREHOLDERS – PROJECTS OPERATED BY FIRETAIL RESOURCES AND BARRICK GOLD PICHA PROJECT – FIRETAIL RESOURCES Retain 20% free carried interest through to completion of PFS Up to 35m shares of Firetail Resources (ASX:FTL), 15m has been issued and 2
Slide 28: In Summary – The Valor Proposition
IN SUMMARY – THE VALOR PROPOSITION Key uranium targets set to be drilled in the next 12 months Exposure to multiple critical commodities in the drive to Global Net Zero Carbon Emissions Athabasca Basin hosts the highest-grade Uranium mines in the world Drill targets identified over four Uran
Slide 29: Thank You
THANK YOU VALOR RESOURCES LIMITED Level 3, 1138 Hay Street West Perth WA 6005 PO Box 300 West Perth WA 6872 GEORGE BAUK T: +61 (0)408 931 746 E:george@totode.com.au SOON TO BE.. MEDIA ENQUIRIES – READ CORPORATE Nicholas Read T: +61 (0)419 929 046
Slide 30: Appendices
APPENDICES ASX : VAL 30
Slide 31: Hidden Bay Uranium Project (100%) – Neighbours
HIDDEN BAY URANIUM PROJECT (100%) – NEIGHBOURS TIGHTLY HELD LANDHOLDING IN HIGHLY PROSPECTIVE EASTERN ATHABASCA MARGIN ASX : VAL valorresources.com.au ASX : VAL 31 31
Slide 32: Cluff Lake Uranium Project (100%) – Neighbours
CLUFF LAKE URANIUM PROJECT (100%) – NEIGHBOURS WESTERN ATHABASCA IS EMERGING AS THE NEW DISCOVERY DISTRICT IN THE BASIN. ASX : VAL valorresources.com.au ASX : VAL 32 32
Slide 33: Surprise Creek Uranium / Copper Project (100%) – Neighbours
SURPRISE CREEK URANIUM / COPPER PROJECT (100%) – NEIGHBOURS SIGNIFICANT HISTORICAL PRODUCTION UP TO 1980S, BUT LIMITED EXPLORATION SINCE THAT TIME ASX : VAL valorresources.com.au ASX : VAL 33 33
Slide 34: Hook Lake Uranium Project (80%) – Neighbours
HOOK LAKE URANIUM PROJECT (80%) – NEIGHBOURS HIGHLY ACTIVE EXPLORATION REGION IN THE EASTERN ATHABASCA WITH EXCITING NEW DISCOVERIES ASX : VAL valorresources.com.au ASX : VAL 34 34
Slide 35: Resource References
RESOURCE REFERENCES (REFERRED TO IN SLIDES 9,10,11 and 13) Lbs Grade Cut-off Deposit Owner Status Category Tonnes Source U3 O8 (% U3O8) (% U3O8) - Saskatchewan Mining Association – Uranium in Saskatchewan – Fact Cluff Lake Orano Past-Production - 62,500,000 0.92 - Sheet, 2017 Inferred 1,272,200 28,1
Slide 36: Resource References
RESOURCE REFERENCES (REFERRED TO IN SLIDES 9,10,11 and 13) Lbs Grade Cut-off Deposit Owner Status Category Tonnes Source U3 O8 (% U3O8) (% U3O8) Inferred 186,400 22,900,000 5.58 https://www.cameco.com/businesses/uranium- Indicated 313,300 99,300,000 14.37 operations/canada/cigar-lake/reserves-resour
Slide 37: Resource References
RESOURCE REFERENCES (REFERRED TO IN SLIDES 21,22 AND 23 ) Tonnes Grade Deposit/Prospect Owner Status Category Intercept Source (Mt) (Li2O) https://www.criticalresources.com.au/our-projects/mavis-lake- Mavis Lake Critical Resources Exploration Inferred 8.0 1.07 - lithium-project/ Root Bay Project Exp