Honey Badger Silver Inc. · TSXV:TUF

Honey Badger Silver — Conference Presentation (March 2024)

19 slides from Honey Badger Silver's conference presentation, March 2024

  1. Slide 1: Is Plata a Rogue Twin?

    Is Plata a Rogue Twin? Similar, proximal geologic systems

  2. Slide 2: Cautionary Statements

    Cautionary Statements The information set forth in this document contains “forward-looking statements”. Statements in this document, which are not purely historical, are forward-looking and include statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the h

  3. Slide 3: Team and Capital Structure

    Team and Capital Structure Honey Badger Silver - Capital Structure (millions) Shares Outstanding 40.1 Options 3.4 Warrants 8 Fully Diluted Shares 51.5 Honey badger Silver Three Year Share Price Performance (C$/sh) 0.90 0.80 0.70 • MIT-graduate with over 47 years • Founder and chairman of Red Cloud 0

  4. Slide 4: Rogue and Plata Adjacent on Trend

    Rogue and Plata Adjacent on Trend  Approximate E-W trend of known intrusion related gold systems in the Tombstone Gold Belt  Plata, Snowline Gold (Rogue), Keno Hill Keno Hill, Victoria Gold, Banyan Victoria Gold Gold, Sitka Gold and Rackla Metals all lie within ± 10 km of this trend Banyan Gold Sn

  5. Slide 5: Plata Project

    Plata Project  Snowline Gold Corp’s recent discovery of a Reduced Intrusion-Related Gold System (RIRGS) at its Rogue Project has seen their stock increase 1000% in just over two years.  The Rogue and Plata properties lie within 2 km of each other. Plata is 30 km from the Valley discovery at Rogue.

  6. Slide 6: Property Geology - Mineralization

    Property Geology - Mineralization  Mineralization at the Plata property is believed to be associated with hydrothermal fluids related to Mayo Suite intrusions.  The closest outcropping Mayo Suite intrusion is the Rogue West stock located approximately 6 km north of Plata – on Snowline Gold’s Rogue

  7. Slide 7: Plata Project Mineralization

    Plata Project Mineralization  Four types of veins: Ag-Pb-Zn ± Au ± As  Type I: up to 4,300 g/t Ag, 46.4% Pb and 22% Zn over 1 m  Type II: outcrop samples up to 19,334 g/t Ag and 78.6 g/t Au  Type III: 344 g/t Ag over 0.85 m, 30 g/t Ag across 4 m  Type IV: outcrop samples up to 1875 ppm Zn and 2

  8. Slide 8: Reduced Intrusion Related Gold System

    Reduced Intrusion Related Gold System Plata Type I & IV veins Plata Type II & III veins Plata Type I & IV veins Rogue Rogue Plata Type II & III veins Hart (2007) 8

  9. Slide 9: Plata Mineralization Model

    Plata Mineralization Model Plata  Plata high-grade Ag veins hypothesized as above or peripheral to Rogue-type mineralization Plata RIRGS  Buried intrusive-hosted target Exploration Potential 9

  10. Slide 10: New Plata Claims Over Magnetic Low

    New Plata Claims Over Magnetic Low  69 claim (1,430 hectares) acquired March 2024  New claims cover magnetic low interpreted as buried intrusive  Adds prospective ground 10

  11. Slide 11: Summary – Plata hosts RIRGS potential

    Summary – Plata hosts RIRGS potential  Plata sits on the East-West trend that hosts intrusion related gold systems in the Tombstone Gold Belt.  Plata is 30km west of Snowline Gold’s RIRGS discovery at Valley within its Rogue Project.  Plata hosts four types of mineralization consistent with Plata

  12. Slide 12: Honey Badger Growing Silver Exposure

    Honey Badger Growing Silver Exposure  Honey Badger holds a growing portfolio of quality silver projects in North America: • Sunrise Lake, NWT o Historic resource of 12.8 Moz Ag (Indicated) and 13.9 Moz Ag (Inferred) with significant zinc • Clear Lake, Yukon o Historic resource of 5.5Moz Ag and 1.3

  13. Slide 13: Why Invest in Honey Badger?

    Why Invest in Honey Badger? • Honey Badger’s Plata project is adjacent to Snowline Gold’s Rogue RIRGS discovery and could be on cusp of a similar discovery. • Honey Badger shares are undervalued in light of silver inventory and discovery potential.  Honey Badger trading at $0.06 EV per ounce of sil

  14. Slide 14: APPENDIX

    APPENDIX 14

  15. Slide 15: Type I Mineralization

    Type I Mineralization Type I: High-grade argentiferous siderite-sulphide veins: P2 Vein chip sample 4300 g/t Ag, 46.4% Pb and 22% Zn over 1 m. P2 Vein channel sample P1 Vein float sample 1775 g/t Ag, 48.8% Pb and 13.4% Zn over 1.2 m 16,887 g/t Ag, 67.88% Pb 15

  16. Slide 16: Type II Mineralization

    Type II Mineralization Type II: auriferous and argentiferous sulphide-quartz-clay veins  Grades from drill core typically return between 50 and 1200 g/t silver with 1 to 8.5 g/t gold  High-grade outcrop samples of Type II veins have returned 78.6 g/t gold and 19,334 g/t silver 4,260 g/t silver, 27

  17. Slide 17: Type III Mineralization

    Type III Mineralization Type III: argentiferous and auriferous, clay and scorodite altered quartz veins  Medium- to low-grade, argentiferous and auriferous, widely spaced clay and scorodite altered quartz-filled fractures and chalcedonic breccias  hosts disseminated galena, tetrahedrite and sphale

  18. Slide 18: Type IV Mineralization

    Type IV Mineralization Type IV:  Sheeted quartz-siderite±galena-arsenopyrite veins  In 2023, cm-scale sheeted quartz veins were discovered in a biotite quartz-monzonite dyke between, the Plata and Rogue thrust faults  Locally the dyke is moderately to strongly silicified  The discovery of the sh

  19. Slide 19: Silver Development Comparables

    Silver Development Comparables • Honey Badger Silver trading at $0.06 EV per ounce of silver, lowest in peer group. • Peer development comparable companies trading at an average $0.67 EV per ounce of silver. Source: FactSet, Company Reports 19

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