Quest Critical Metals Inc · CSE:BULL
Quest Critical Metals — Investor Presentation (December 2023)
30 slides from Quest Critical Metals's investor presentation, December 2023
Slide 1: Empowering a Sustainable Future
EMPOWERING A SUSTAINABLE FUTURE December 2023 CSE:BULL OTCQB:DCNNF FRANKFURT:DCR1
Slide 2: Disclaimer
D isclaimer This presentation includes certain statements that may be deemed forward looking statements. All statements in this discussion, other than statements of historical facts, which address future production, reserve potential, exploration activities and events or developments that the Compan
Slide 3: A multi-metal strategy
A multi-metal strategy East Bull project Tisova Minas Gerais East Bull Advanced palladium dominant exploration Czechia/Germany Brazil Canada project in Ontario, Cu+Co VMS Li Canada Pd
Slide 4: 'Copper is the New Oil' Goldman Sachs
‘Copper is the New Oil’ Goldman Sachs • Key component of all aspects of electrification ie. not just in EVs • 600 kilotonnes more copper required by 2027 • EU & UK have banned all new non-electric cars from 2035 • UK currently has 37,851 chargers, will need over 500,000 by 2030 • Not just the copper
Slide 5: 'Copper is the New Oil' - continued
‘Copper is the New Oil’ - continued • Freeport CEO: ‘It is striking how negative financial markets are about this industry yet the physical market is so tight’ • Teck Resources CEO: ‘ the macro view is very disconnected from the underlying physical fundamentals of the copper market’ • Macquarie had
Slide 6: Cobalt and Copper Global Production
Cobalt and Copper Global Production Cobalt Global Production Copper Exchange Inventories Papua New Guinea 2% South Africa 2% Morocco 2% Madagascar 2% DR Congo Canada 2% 71% Cuba 3% Phillippines 3% Other 4% Australia 4% Russia 4%
Slide 7: Critical Minerals
Critical Minerals Li - Lithium Co - Cobalt Pd - Palladium • Major ingredient in most • Provides thermal stability in • Key component in catalytic rechargeable batteries batteries converters on cars • Lightest metal in the world • Normally mined in • Normally mined as a by- with a high energy density
Slide 8: Tisova/Klingenthal Cobalt/Copper Project
Tisova/Klingenthal Cobalt/Copper Project Erzgebirge Mining District, Western Czech Republic & Germany • Property position in both Germany and Czech Republic • Historical production on Czech Republic side of Property; Germany • Property position covers over 140 km2 • Includes area of past-producing m
Slide 9: Tisova Project: Centre of European EV and Battery Production
At the Centre of European Electric Vehicle and Battery Production KEY Battery/Cathode Factory EV Factory Quest Critical Metals Tisova Project 250 Miles • Tisova/Klingenthal straddles border between Germany and the Czech Republic; • Located 140 km west of Prague, 160km km west of Dresden; • Erzgebirg
Slide 10: Tisova, Historic Drilling & Development
Tisova, Historic Drilling & Development HISTORIC DRILLING • 72 surfacediamondholes (25,985m) and 142 holes of underground drilling (14,299m) • 2017 - 4 Diamond drill holes (1340 m) completed after minimal compilation of existing historical data • More than 30 Km of underground development including
Slide 11: Tisova/Klingenthal Deposit – Ore Horizons
Tisova/Klingenthal Deposit – Ore Horizons
Slide 12: 2019 Geophysics Survey (Anomalies & Trend)
2019 Geophysics Survey (Anomalies & Trend) North-South resistivity trend: Anomaly ‘A1’ noted as strongest anomaly with corresponding Resistivity, Chargeability and Mag Sus values: • Largely untested over 2000 m extent • Located roughly 800 m North of historic workings • Aligns with surficial geology
Slide 13: 2019 Geophysics Survey (Anomalies & Trend)
2019 Geophysics Survey (Anomalies & Trend) Anomaly ‘A1’ noted as strongest anomaly with corresponding Resistivity, Chargeability and Mag Sus values (Figure 4) • Located roughly 800 m North of historic workings • Roughly 400 OremHorizons below surface • Highestconfirmed in 2017 priority target drilli
Slide 14: EU Grant Funded EIS Project
EU Grant Funded EIS Project • €7.4m Funded project dedicated to securing raw material resources key for the delivery of the European green deal, energy transition and digital transition • EIS will develop new data analysis methods by applying artificial intelligence, machine learning, and deep learn
Slide 15: Detailed work on Tisova/Klingenthal already started by EIS project partners
Detailed work on Tisova/Klingenthal already started by EIS project partners
Slide 16: Summary & Next Steps
Summary & Next Steps • Highly prospective, drill ready, property for key critical minerals in supportive jurisdiction for exploration • EIS EU funded project provides ‘free’ exploration support from some of the best geological and geophysical experts in Europe and the world • EIS project also alread
Slide 17: Minas Gerais (Brazil) Exploration Licences
Minas Gerais (Brazil) Exploration Licences • 24,427.28 Hectares • Minas Gerais Province • Geological mapping shows slivers and domains of the lithium rich Concordia do Mucuri Formation • 1% NSR
Slide 18: Minas Gerais State – Lithium Valley
Minas Gerais State – Lithium Valley • Area known as ‘Lithium Valley’ or the East Brazil Lithium Belt • Hosts 3x highly profitable operating hard rock lithium mines (due to excellent metallurgy and low impurities) • Including Sigma Lithium’s Groto do Cirilo mine • After tax IRR of 1,282% • Operating
Slide 19: Next Steps
Next Steps • Exploration program to commence Q1 2024 to build on initial report and to identify drill targets • Currently finalising contract with local specialist exploration company • Year-round exploration due to climate Outcrop within the thick slivers of the Concórdia do Mucuri Banded biotite p
Slide 20: East Bull PGM Property – Palladium dominant
East Bull PGM Property – Pa l l a d i u m d o m i n a n t • 90 km west of Sudbury, 375 km northwest of Toronto, Ontario • Accessed by all-weather route 552/810 extending north from Trans- Canada Highway 17 at Massey • Food, fuel and lodging is available 4km from the property • Power line is located
Slide 21: East Bull PGM Property – More than Palladium
East Bull PGM Property – M o r e t h a n Pa l l a d i u m - w i t h h i g h P G M t e n o r • Graph shows contribution of metals to Pd equivalent (Pd-Eq) grade 9% 3% • East Bull deposit has very high Pd g/t 5% PGM tenor Cu % Au g/t 12% 51% Pt g/t 4% Ni % Rh g/t 15% Co % CSE:BULL TCQB:DCNNF FRANKFURT
Slide 22: Quest Critical Metals 2020-2023 Excellent Progress
Quest Critical Metals 2020-2023 Excellent Progress Py-po globules in melagabbro, EB21-68, 275 m Exploration Success • Acquired Property in 2019, 20,000m+ drilling program commenced Feb 2020 and ongoing • Excellent drill results throughout program • Deposit extended along strike from 2.2km to over 3.
Slide 23: East Bull Property – NI43-101 resource estimate updated
Quest Critical Metals East Bull Property – NI43-101 resource estimate updated Pit Constrained Mineral Resource @ C$15/t NSR Cut-off Tonnes Pd Pt Au Rh Cu Ni Co PdEq PdEq NSR M g/t g/t g/t g/t % % % g/t koz C$/t Indicated 16.3 0.49 0.19 0.05 0.016 0.11 0.05 0.006 0.92 484.6 50.29 Inferred 12.7 0.49 0
Slide 24: East Bull PGM Property – Expanding the deposit 2019 to 2022
East Bull PGM Property – Expanding the deposit 2019 to 2022 ( D r i l l i n g c o m m e n c e d Fe b 2 0 2 0 ) 523k oz (Inferred) 2019 492k oz (Indicated) + 520k oz (Inferred) 2023 3.5km New EOH Zone CSE:BULL TCQB:DCNNF FRANKFURT:DCR1 25
Slide 25: East Bull Deposit Exploration Success
East Bull Deposit Exploration Success D i sc o v e r y o f f o o tw al l m i n e ral i z e d f e e d e r c o n d u i ts – H i g h- g rad e m i n e ral i z ati o n Valhalla 200 m Zone Garden Zone EOH Zone 500 m Sectional view showing EOH Zone discovery underneath Garden Zone – view looking east EOH Z
Slide 26: Using MT Survey and other geophysical techniques to identify further Feeder Zones
U si n g M T Survey a nd oth er geop h y sical te ch n i ques to i dentify furth er Feeder Zone s MAGNETOTELLURIC (MT) SURVEY DEFINING ADDITIONAL DEEP TARGETS FOR CURRENT 10,000 M DRILL PROGRAM MT section Line 1 on Quest Critical Metals East Bull Property showing colour contoured 2D apparent resisti
Slide 27: Next Steps
Next Steps Next Exploration Phase to target high-grade feeder zone mineralization • Shift exploration focus from expanding disseminated bulk-tonnage resource to defining high-grade mineralization associated with feeder zones • Preliminary Economic Assessment (PEA) due to be commissioned on completio
Slide 28: Capital Structure & Financing
Capital Structure & Financing TRADINGSYMBOLS: OUTSTANDING SHARES CSE: BULL FRANKFURT: DCR1 29, 584, 345 common shares outstanding WARRANTS TCQB: DCNNF No warrants at present STOCK OPTIONS 863,500 @$1.79 expiring between Jun 4th 2024 and Oct 28th , 2025 CSE:BULL TCQB:DCNNF FRANKFURT:DCR1 30
Slide 29: Management & Directors
Management & Directors JAMES (JAMIE) NEWALL President, CEO & Director Mr. Newall is an experienced senior executive director, having served as a director or executive officer of numerous publicly listed natural resources companies. He was Investment Director of Intrepid Financial, an incubator of na
Slide 30: Management & Directors
Management & Directors BRYCE TISDALE Director Mr. Tisdale has several years of finance and capital markets experience. He formerly worked as an investment advisor at Jordan Capital Markets and Leede Financial Markets Inc., specializing in financing venture capital companies. KELSEY CHIN Chief Financ
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