Clean Air Metals, Inc. · TSXV:AIR
Clean Air Metals — Investor Presentation (July 2023)
26 slides from Clean Air Metals's investor presentation, Jul 11, 2023
Slide 1: Thunder Bay North Critical Minerals Project
STRATEGIC METALS FOR THE ENERGY TRANSITION THUNDER BAY NORTH CRITICAL MINERALS PROJECT JULY 2023 TSXV AIR OTCQB CLRMF FRA CKU CLEANAIRMETALS.CA
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Information set forth in this presentation may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial
Slide 3: Land Recognition
LAND RECOGNITION Clean Air Metals Inc. and its wholly owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge that the Thunder Bay North Critical Minerals Project is on the traditional territories of the Fort William First Nation, Red Rock Indian Band and Biinjitiwabik Zaaging Anishinabek. The par
Slide 4: The Value Proposition
THE VALUE PROPOSITION An Indicated Mineral Resource of 14 million tonnes containing significant values of 4 Critical Minerals. A rare PGM deposit One of the few high grade Platinum deposits outside of South Africa with significant Palladium and Copper. Exploration potential Two adjacent de
Slide 5: Platinum and Palladium
PLATINUM AND PALLADIUM PLATINUM GROUP ELEMENTS ARE CRITICAL TO ACHIEVING NET ZERO Automobiles only account for 10% of global CO2 loadings. To achieve Net Zero, coal and natural gas must be replaced in electricity generation and industry. Key to achieving this is Green Hydrogen. • PGE anodes and cath
Slide 6: Jim Gallagher, Mike Garbutt, Geoff Heggie
Pt:Pd Ratio 1:1 geologically, lending JIM GALLAGHER, P.ENG CEO perfect optionality on price trend Most recently the CEO of North American Palladium (TSX:PDL), which operated the Lac Des Iles mine, at the sale to Impala Platinum Holdings (JSE:IMP) in December 2019 for approximately $1 Billion. MIKE G
Slide 7: Project Location
PROJECT LOCATION INFRASTRUCTURE ON OUR DOORSTEP • 40 km North of Thunder Bay • 65 km South of Lac des Iles Mine • Paved provincial Hwy thru NW corner of claims • 230 KVA tx line through SE corner of claims • Natural Gas 20 km north Favorable Mining Jurisdiction + proximity to major mining centre + k
Slide 8: Well Defined Underground Mineral Resource
WELL DEFINED UNDERGROUND MINERAL RESOURCE TWO DEPOSITS OPEN AT DEPTH Current Deposit 8 MT @ 2.7 g/t Pt + Pd, 0.33 % Cu, 0.22 % Ni May 4, 2023 Indicated Mineral Resource • 14.0 million tonnes • 1.2 million ounces Magnetic Inversion – of 2PGE (Pt + Pd) Escape Deposit Down plunge exploration • 57,500 t
Slide 9: Current Deposit
CURRENT DEPOSIT NEAR SURFACE, HIGH GRADE, INDICATED RESOURCE Bridge Zone Beaver Zone 437 Zone Upper & Lower Current Zones Indicated Inferred Open at depth T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 9
Slide 10: Significant High-Grade Intersections: Current Deposit
SIGNIFICANT HIGH-GRADE INTERSECTIONS CURRENT DEPOSIT T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 9
Slide 11: Escape Deposit
ESCAPE DEPOSIT UNDERGROUND Escape North Zone Escape South Zone High Grade Zone Steepledge Zone Open at depth T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 11
Slide 12: Significant High-Grade Intersections: Escape Deposit
SIGNIFICANT HIGH-GRADE INTERSECTIONS ESCAPE DEPOSIT T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 12
Slide 13: Mineral Potential in Current and Escape
MINERAL POTENTIAL IN CURRENT AND ESCAPE SULFIDE ACCUMULATIONS MASSIVE SULPHIDES IN ESCAPE DEPOSIT (HOLE ELR21-041) Escape South Zone 0.7m @ 20.5gpt Pd+Pt+Au +7.3% Cu+Ni MASSIVE SULPHIDES IN CURRENT DEPOSIT (HOLE BL10-197) Beaver Lake Zone 2.6m @ 97.98gpt Pd+Pt+Au +14.9% Cu+Ni T S X V AI R O T C Q B
Slide 14: Understanding the Mineral Potential
UNDERSTANDING THE MINERAL POTENTIAL MT CONDUCTIVE TARGETS Quetico fault *Tested 2023 UNDERSTANDING THE MINERAL EXPLORATION POTENTIAL MT CONDUCTIVE TARGETS T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 14
Slide 15: Evolving Mineral Exploration Potential
EVOLVING MINERAL EXPLORATION POTENTIAL DOWN PLUNGE • Both deposits open at depth and across the Escape Fault • Significant magnetic anomaly extending to depth to SE of Escape High Grade Magnetic Inversion – Zone (HGZ) Down plunge exploration potential HGZ MT-anomalies EL23-004 T S X V AI R O T C Q B
Slide 16: Escape Deposit Down Plunge
ESCAPE DEPOSIT DOWN PLUNGE LARGE UNTESTED ANOMALY HGZ Escape chonolith ~1100m (peridotite as drill defined) ELR20-034 Long section through Escape chonolith as defined by drilling with HGZ shown. Magnetic inversion model shown on right hand side in blue. Looking NE. • Preliminary magnetic inversion e
Slide 17: Current Deposit Down Plunge
CURRENT DEPOSIT DOWN PLUNGE STRUCTURAL GEOLOGY TARGET Drill defined Chonolith Section Line continues across the Escape Fault Cross-section through the southern part of the Current chonolith as defined by drilling showing Looking E (along the Escape Fault zone). ~1200m Potential along the basal conta
Slide 18: Technical Studies
TECHNICAL STUDIES NEAR-TERM PROJECT UPDATES USING NEW RESOURCE • Completed the updated • Assist in update to base-case project resource estimate economics • Filed on June 19th • Development of selective, higher grade mine plan and relative economics • Metallurgical test program is near completion. •
Slide 19: Metallurgy: 2022-2023 Test Program Results
METALLURGY 2022-2023 TEST PROGRAM RESULTS Cu Ni Pt Pd Au Ag Co Rh Estimated Feed Grade Highlights Early Mining (yrs 1-5) % % g/t g/t g/t g/t % g/t (Early mining) 0.45 0.24 1.58 1.61 0.11 2.20 0.02 0.04 Grade • Confirmation of phase 1 Cu/Ni Separation Mass Cu Ni Pt Pd Au Ag Co Rh metallurgical test p
Slide 20: Standard Crush and Grind Flowsheet
STANDARD CRUSH AND GRIND FLOWSHEET WITH COPPER NICKEL SEPARATION Primary Back End: Bulk Concentrate to Copper/Nickel Separation Crushing Flotation Bulk Rougher (Ro) Cu Ro PGE Ro Feed Bulk Ro Tails PGE Ro Tails 45mm 12mm Bulk 1st Cl Tails Tertiary Bulk 1st Cl PGE 1st Cl Secondary Crushing PGE Cl Tail
Slide 21: Mining: Proposed Approach, Current Deposit
25m pillar to lake MINING bottom Upper Current PROPOSED MINING APPROACH – CURRENT DEPOSIT 15-20m • Highly selective approach with a focus on margin • Rock Mass Quality = very good. Maximize opening size where possible. Spans > 25m 5-7m • Eliminate use of backfill. 20-25m Overcut Overcut Beaver Upper
Slide 22: Mining: Proposed Approach, Escape Deposit
MINING PROPOSED MINING APPROACH – ESCAPE DEPOSIT Overcut 25m Escape South Overcut 1.1 M tonnes $97 USD/tonne NSR Escape North Escape High Grade 0.65 M tonnes 2.5 M tonnes $97 USD/tonne NSR $164 USD/tonne NSR 60m Longitudinal Drawpoints 25m Plan View Escape HGZ
Slide 23: Capital Structure
CAPITAL STRUCTURE July 2023 Shares Issued 224,000,000 Warrants ($0.25/sh.) Feb 22/24 55,410,400 Warrants ($0.55/sh.) Feb 22/23 6,372,550 Cash $9 million Management ~ 5% Benton Resources (BEX: TSXV) ~11% Market Cap -~ $13.5 M Share Price ~ $ 0.06 T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRM
Slide 24: Board
BOARD Dean Chambers, P.Eng. ICD.D Chair Mr. Chambers is a professional engineer and financial executive with over 35 years of business, technical and financial experience. In 2017, Mr. Chambers retired as Executive Vice President and Chief Financial Officer at Sherritt International Corporation, a m
Slide 25: Strategy Moving Forward
STRATEGY MOVING FORWARD Finalize 3-year exploration plan. Complete fall 2023. Progress permitting for drill plan. Drilling in Jan 24. Complete internal technical studies on optimized business case for the new resource. September 23. Engage with potential strategic investors who could support
Slide 26: Contact
Jim Gallagher, P.Eng. CEO 705.690.7997 jgallagher@cleanairmetals.ca Mike Garbutt, MBA P.Eng. COO 705.207.2111 mgarbutt@cleanairmetals.ca Geoff Heggie, PhD P.Geo. VP Exploration 807.631.4654 gheggie@cleanairmetals.ca TSXV AIR OTCQB CLRMF FRA CKU C L E A N A I R M E TA L S . C A