District Metals Corp. · TSXV:DMX
District Metals — Investor Presentation (October 2023)
37 slides from District Metals's investor presentation, October 2023
Slide 1: Corporate Presentation October 2023
TSX-V: DMX Corporate Presentation October 2023 A geoscience-based, systematic, and valuation-oriented exploration and development Company Viken Polymetallic Alum Shale Property Tomtebo Polymetallic VMS/SedEx Property TSX-V: DMX Corporate Presentation | October 2023
Slide 2: Cautionary Statement Regarding Forward Looking Information
Cautionary Statement Regarding Forward Looking Information This presentation contains certain statements that may be considered “forward-looking information” necessary permits and approvals, technical issues, potential delays, unexpected events and with respect to the Company within the meaning of a
Slide 3: Management, Board, and Advisors
Management, Board, and Advisors Management Board Technical & Strategic Advisory Garrett Ainsworth Marlis Yassin Joanna Cameron Doug Ramshaw Galen McNamara Rob Chang President & CEO CFO & Corporate Secretary Independent Director Independent Director Technical Advisor Strategic Advisor Garrett Ainswor
Slide 4: Share Structure
Share Structure 6.1% 15.0% Share Structure March 15, 2023 Basic Shares Issued 106,980,707 40.5% Stock Options 9,280,000 (Exercise price at $0.20-$0.46) 38.3% Warrants 13,600,000 (Exercise price at $0.20-$0.35) Agent Options 1,558,320 (Exercise price at $0.15-$0.25) Management & Insiders Institutiona
Slide 5: Sweden is a Top Mining Jurisdiction
Sweden is a Top Mining Jurisdiction Sweden has a deep-rooted history of mining with support from government agencies and communities. • Mining activities in Sweden date back 2400 years. • Boliden, Lundin Mining, BHP, Agnico Eagle, LKAB, Barsele Minerals, and Mandalay Resources are active in Sweden.
Slide 6: Sweden has shifted to Pro-Nuclear
Sweden has shifted to Pro-Nuclear Energy security has become an absolute priority for Sweden and other Countries in Europe. • Sweden’s new government has indicated strong support for nuclear power: A new center-right coalition government formed in October 2022 which included a shift towards supporti
Slide 7: Viken Property in Central Sweden
Viken Property in Central Sweden The Viken Mineral license covers 68% of the uranium-vanadium Viken Deposit • Amongst the largest deposits in the world by total historic mineral resources of uranium and vanadium. • The Viken Deposit is also enriched in recoverable energy metals such as nickel, coppe
Slide 8: 2010 Viken Deposit Historical Mineral Resource Estimate
2010 Viken Deposit Historical Mineral Resource Estimate 2010 Viken Deposit Historical Mineral Resource Estimate Grade Contained Metal Tonnage Classification (k tonnes) V2O5 (%) U3O8 (%) Mo (%) Ni (%) V2O5 (Mlbs) U3O8 (Mlbs) Mo (Mlbs) Ni (Mlbs) Indicated 23,610 0.313 0.019 0.028 0.032 162.8 9.9 14.7
Slide 9: 2014 Viken Deposit Historical Mineral Resource Estimate
2014 Viken Deposit Historical Mineral Resource Estimate 2014 Viken Deposit Historical Mineral Resource Estimate Grade Contained Metal Tonnage Classification (k tonnes) U3O8 (%) Ni (%) Cu (%) Zn (%) U3O8 (Mlbs) Ni (Mlbs) Cu (Mlbs) Zn (Mlbs) Indicated 43,000 0.019 0.034 0.01 0.041 18.0 32.0 10.0 38.0
Slide 10: A World Class Mining District: Bergslagen, Sweden
A World Class Mining District: Bergslagen, Sweden The Bergslagen District offers a rich metal endowment and extensive infrastructure: • Known for its large and high grade VMS, SedEx, and CRD deposits such as Garpenberg, Zinkgruvan, Falun, and Sala. • The Garpenberg (Boliden) and Zinkgruvan Mines (Lu
Slide 11: A World Class Mining District: Bergslagen, Sweden
A World Class Mining District: Bergslagen, Sweden Mine/Deposit Tonnage of Production, Reserve, or Resource with Grades 28.1 Mt Production at 2–4% Cu, 2-4 g/t Au, 4% Zn, 1.5% Pb, 13–25 g/t Falun Mine1 Ag Garpenberg Mine2 63.4 Mt Production at 131 g/t Ag, 4.7% Zn, 1.9% Pb, 0.3 g/t Au Garpenberg Mine2
Slide 12: Garpenberg Mine – 39% Precious Metal Value Input
Garpenberg Mine – 39% Precious Metal Value Input 2021 Garpenberg Mine Revenue 2020 2022 Garpenberg Mine Production2: Distribution 3.04 Mt at 117 g/t Ag, 3.6% Zn, 1.4% Pb, 0.3 g/t Au 7.0% 10.0% Metal Metal Metal Percentage Value per tonnePercentage Percentage Silver Silver ($/tonne)Silver $64.65 $74.
Slide 13: Falun Mine – 41% Precious Metal Value Input
Falun Mine – 41% Precious Metal Value Input Falun Mine Production Falun Mine Past Production1: Metal Value per Tonne 28.1 Mt Production at 2–4% Cu, 2-4 g/t Au, 4% Zn, 1.5% Pb, 13–25 g/t Ag $9.17 $10.51 Metal Valueper Value pertonne tonne Percentage Percentage Metal Silver Silver ($/tonne) ($/tonne)
Slide 14: Sala Mine – 75% Precious Metal Value Input
Sala Mine – 75% Precious Metal Value Input Sala Mine Falun Mine Production Production Sala Mine Past Production1: Metal Value per Tonne 5.0 Mt Production at 150-3000 g/t Ag, 12% Zn, 1.5% Pb $24.83 $28.33 $10.51 Metal Value Valueper pertonne tonne Percentage Percentage Metal Silver ($/tonne) $64.65 $
Slide 15: Tomtebo Property
Tomtebo Property Located in the heart of the prolific Bergslagen District. • Tomtebo covers an area of 5,144 ha, and is an approximate 2.5 hour drive from Stockholm in Sweden. • Boliden’s Garpenberg Mine is located 25 km to the SE, and the historic Falun Mine is located 25 km to the NW. • Tomtebo co
Slide 16: Boliden’s Garpenberg Mine
Boliden’s Garpenberg Mine “The world's most productive underground zinc mine.” (https://www.boliden.com/operations/mines/boliden-garpenberg) • Garpenberg is located 25 km southeast from Tomtebo. • Boliden has aggressively expanded Garpenberg since 2011 with over $400M invested in state-of-the-art ef
Slide 17: Garpenberg’s Modest Beginning
Garpenberg’s Modest Beginning At Garpenberg, the bulk of the mineralization sits well below the area of historic mining. The more recently discovered ore bodies are blind. Surface Garpenberg Tomtebo Garpenberg and Tomtebo were historically mined for copper, but only to shallow depths (<200 m). Garpe
Slide 18: Comparison of Tomtebo and Garpenberg Mines
Comparison of Tomtebo and Garpenberg Mines 0.64 km Surface 4.5 km Garpenberg Mine Long Section Looking Northwest Open Open -250m Open -500m -750m -1000m -1250m -1500m Tomtebo Mine Long Section Looking Northwest -1750m TSX-V: DMX Corporate Presentation | October 2023 18
Slide 19: Conceptual Long Section of Tomtebo Property
Conceptual Long Section of Tomtebo Property 0.64 km 4.5 km 0.3 km Surface -500m Tomtebo Mine Lövås Mine -1000m -1500m -2000m Garpenberg Mine 12.2 km Conceptual Long Section Looking Northwest TSX-V: DMX Corporate Presentation | October 2023 19
Slide 20: Tomtebo Property Geological Setting
Tomtebo Property Geological Setting In the right district with the right features. • Similar host rocks, structure, alteration, and mineralization styles as the world class Garpenberg Mine located 25 km SE, and the historic Falun Mine located 25 km NW. • Promising host rocks: felsic volcanoclastic i
Slide 21: Historic Tomtebo Mine Plan Section
Historic Tomtebo Mine Plan Section Mineralization is open along strike and at depth. W • Historic production at the Tomtebo Mine comprised 120,000 tonnes at 4.4% Cu3 intermittently from the mid- seventeenth century until 1969. Production of Au, Ag, Zn, was not documented. OPEN • Drill results from
Slide 22: Alteration & Mineralization at Historic Tomtebo Mine
Alteration & Mineralization at Historic Tomtebo Mine “Footwall” type alteration and mineralization characterized by biotite/chlorite rich quartz- chalcopyrite-pyrite/pyrrhotite. Massive sulfides with actinolite/tremolite bands. Coarse grained, “banded” massive to Carbonate rocks excellent host for h
Slide 23: Plan View of Historic Drilling at Tomtebo Mine
Plan View of Historic Drilling at Tomtebo Mine Oscarsgruvan zone Steffenburgs zone Björngruvan zone • Steffenburgs zone: silver-zinc-lead dominant mineralization. • Oscarsgruvan zone: silver-zinc-lead dominant mineralization. • Björngruvan zone: silver-zinc-lead dominant mineralization. Gårdsgruvans
Slide 24: Plan View of 2021-2022 Drilling at Steffenburgs Zone
Plan View of 2021-2022 Drilling at Steffenburgs Zone • TOM21-001 intersected 11.95 m at 14.77% ZnEq14 (62.0 to 73.95 m) including 3.2 m at 33.1% ZnEq14 (70.3 to 73.5 m). • TOM21-025 intersected 14.3 m at 14.2% ZnEq14 (210.0 to 224.3 m) including 6.6 m at 21.6% ZnEq14 (212.8 to 219.4 m) drilled 118 m
Slide 25: Cross Section of 2021-2022 Drilling at Steffenburgs Zone
Cross Section of 2021-2022 Drilling at Steffenburgs Zone • TOM22-038 intersected stacked polymetallic mineralization comprising intermittent disseminated, stringer, and impregnated with lesser semi-massive and massive sulphide mineralization. • TOM22-038 intersected 25.5 m at 8.2% ZnEq14 (249.0 to 2
Slide 26: Plan View of 2021 Drilling at Oscarsgruvan Zone
Plan View of 2021 Drilling at Oscarsgruvan Zone • TOM21-002 intersected 12.55 m at 8.6% ZnEq14 (90.8 to 103.35 m), and 4.75 m at 13.3% ZnEq14 (125.0 to 129.8 m). • TOM21-003 intersected 14.85 m at 7.2% ZnEq14 (161.3 to 176.15 m) including 7.8 m at 9.2% ZnEq14 (163.3 to 171.1 m) and including 2.95 m
Slide 27: Plan View of 2021 Drilling at Gårdsgruvans Zone
Plan View of 2021 Drilling at Gårdsgruvans Zone • TOM21-013 intersected 8.65 m at 3.6% CuEq15 (76.65 to 85.30 m), and 5.15 m at 2.1% CuEq15 (191.30 to 196.45 m). • TOM21-016 intersected 17.2 m at 1.4% CuEq15 (191.6 to 208.8 m) including 3.0 m at 4.7% CuEq15 (201.1 to 204.1 m). • TOM21-017 intersecte
Slide 28: Magnetic Signatures of Tomtebo, Garpenberg, and Falun
Magnetic Signatures of Tomtebo, Garpenberg, and Falun Tomtebo Mine Trend Garpenberg Mine Trend Falun Mine Isolated magnetic high anomalies within magnetic low corridor TSX-V: DMX Corporate Presentation | October 2023 28
Slide 29: Historic Lövås Mine Long Section
Historic Lövås Mine Long Section Mineralization is open along strike and at depth. • Historic production at the Lövås Mine comprised 330,000 tonnes at 3.5% Zn, 2.5% Pb, and 30g/t Ag4. • Mining operations ceased at a depth of 190 m due to hydraulic conditions. The mine workings extended along a strik
Slide 30: Alteration & Mineralization at Historic Lövås Mine
Alteration & Mineralization at Historic Lövås Mine Coarse-grained massive sphalerite. Epidote-calcite alteration with massive to semi-massive galena. Carbonate replacement with sulphides. TSX-V: DMX Corporate Presentation | October 2023 30
Slide 31: Gruvberget Property
Gruvberget Property • Gruvberget covers an area of 5,286 ha, and is an approximate 3 hour drive northwest from Stockholm in Sweden. • Boliden’s Garpenberg Mine is located 60 km to the SE, and the historic Falun Mine is located 30 km to the E. Gruvberget contains similar host rocks, structure, altera
Slide 32: Maiden Drill Program at Gruvberget Property
Maiden Drill Program at Gruvberget Property • Maiden drill program at the Gruvberget Property comprised 1,144 m in five holes completed in July 2022. • Drilling concentrated on the Gruvberget North zone where historic drilling has delineated continuous polymetallic mineralization along a 550 m strik
Slide 33: Svärdsjö Property
Svärdsjö Property • Svärdsjö covers an area of 1,037 ha, and is an approximate 3 hour drive from Stockholm in Sweden. • Boliden’s Garpenberg Mine is located 45 km to the SE, and the historic Falun Mine is located 15 km to the SW. • Svärdsjö contains similar host rocks, structure, alteration, and min
Slide 34: Historical Drill Results from the Svärdsjö Mine Area
Historical Drill Results from the Svärdsjö Mine Area • Fäbodgruvan Zone: o SVASJ-269: 15.55 m at 13.33% ZnEq14 (68.20 to 83.75 m). o SVASJ-265: 5.50 m at 15.17% ZnEq14 (179.80 to 185.30 m). o SVASJ-279: 8.45 m at 7.28% ZnEq14 (236.80 to 245.25 m). o SVASJ-270: 1.70 m at 17.68% ZnEq14 (516.00 to 517.
Slide 35: Planned Drill Program at Bakar Property, British Columbia
Planned Drill Program at Bakar Property, British Columbia • The high priority EC Target comprises 4.1% Cu in outcrop that is underpinned by coincident VTEM and ZTEM anomalies that cover an area of 1.5 km by 0.5 km with vertical extents from 50 m to below 800 m. • Drilling of 800 m in one or two hole
Slide 36: References & Technical Notes
References & Technical Notes 1 Allen, R.L., Lundström, I., Ripa, M., and Christofferson, H., 1996, Facies analysis of a 1.9 Ga, continental margin, back-arc, felsic caldera province with diverse Zn-Pb-Ag-(Cu-Au) sulfide and Fe oxide deposits, Bergslagen region, Sweden: Economic Geology, v. 91, p. 97
Slide 37: Thank You
Thank You 907 - 1030 West Georgia Street, Vancouver, BC, V6E 2Y3 Phone: (604) 288-4430 info@districtmetals.com districtmetals.com TSXV:DMX TSX-V: DMX Corporate Presentation | October 2023
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