Astra Exploration Inc · TSXV:ASTR
Astra Exploration — Investor Presentation (February 2025)
29 slides from Astra Exploration's investor presentation, February 2025
Slide 1: Continuing a Legacy of Gold & Silver Discovery
Continuing a Legacy of Gold & Silver Discovery INVESTOR PRESENTATION February 2025
Slide 2: Cautionary Statement
ABOUT ASTRA EXPLORATION Cautionary Statement This presentation contains forward-looking statements which reflect the expectations of management regarding the business development objectives and plans of Astra Exploration Ltd “Astra” or the “Company”. All statements, other than statements of historic
Slide 3: Portfolio at a Glance
PORTFOLIO AT A GLANCE Astra Exploration is targeting large gold deposits Building a pipeline of company-making opportunities in Pampa Argentina and Chile Antofagasta Paciencia Cerro Bayo ● Manchuria: Bonanza grade gold & silver – Argentina Legend Santiago Buenos Aires Gold-Silver ● Pampa Paciencia:
Slide 4: Why Gold & Silver in Argentina
WHY GOLD & SILVER IN ARGENTINA Deseado Massif Epithermal Gold & Silver Mining friendly province of Santa Cruz Host to world-class Cerro Negro (Newmont) and Cerro Vanguardia (AngloGold) mines Multiple nearby mining operations Availability of skilled labor Leads Argentina Au & Ag production (57%) 1 Ne
Slide 5: La Manchuria Project: Open, Bonanza-Grade Gold Intercepts
LA MANCHURIA La Manchuria Project: Open, Bonanza-Grade Gold Intercepts Existing 43-101 resource centralized within a large 5,600 ha land package Previous drilling was all shallow (<170m) and focused on near-surface resource High-grade “feeder zones” remain undiscovered Astra has option to earn up to
Slide 6: Discover High-Grade Epithermal Feeder Zones
LA MANCHURIA Multiple bonanza-grade intercepts – open La Manchuria Opportunity: to expand at depth and along strike Discover High-Grade Epithermal Feeder Zones Best results at Main Zone include: 20.5m at 10.4 g/t gold + 810 g/t silver Eastern Zone Main Zone OPEN 1.60m at 257 g/t gold + 4,237 g/t sil
Slide 7: Keep Drilling High Grade Deeper
LA MANCHURIA La Manchuria Opportunity: K eep Dr illin g Hig h Gr a de De e p e r Section 5175: Rhyolitic tuff hosts high grade gold veins 600mRL 2.33m @ 22.3 g/t gold Key target is to drill deeper, deepest 4.2m @ 8.4 g/t gold holes only 160m below surface, in the 6.4m @ 11.6 g/t gold andesite host r
Slide 8: Discover High-Grade Epithermal Feeder Zones
LA MANCHURIA La Manchuria Opportunity: Discover High-Grade Epithermal Feeder Zones More individual veins exist than previously understood Strike of Vein 7 (yellow) is ~290o. Previously interpreted as (red) ~330o Previous models misinterpreted post- mineral cover to the SE as host rock Result: Drilli
Slide 9: Eastern Zone
LA MANCHURIA La Manchuria Opportunity: Eastern Zone HIGHLIGHTS: OPEN Limited drilling (8 holes) in Eastern Zone Five holes with intercepts greater than 5g/t gold OPEN 4m intercept at 16.0g/t gold at 53.5m depth with no follow-up drilling 4m @ 16 g/t gold + 41 g/t silver Eastern Zone open in all dire
Slide 10: Fully-Funded Drill Program in Q1 2025
LA MANCHURIA La Manchuria Fully-Funded Drill Program in Q1 2025 Target is a >2Moz high-grade deposit Proven bonanza grade gold and silver system Open drill intercepts to expand beneath shallow (~160m) drilling and along strike Large ~8 x 7km district with partially outcropping veins – multiple regio
Slide 11: Existing Resource with Growth Opportunity
LA MANCHURIA La Manchuria Opportunity: Existing Resource1 with Growth Opportunity 43-101 published in 2019 for an optimized open-pit shell using USD $1,300/oz & 95% recovery for gold, and USD $18/oz & 60% recovery for silver 1: https://www.sedarplus.ca/csa-party/records/document.html?id=6bc2df299100
Slide 12: Why Gold in Chile
ASTRA EXPLORATION N WHY GOLD IN CHILE Pampa Paciencia Paleocene Belt of Spence Northern Chile Faride Sierra Gorda Lomas Bayas Legend Antofagasta Chile: A Tier 1 Mining Jurisdiction San Paleocene Cristóbal epithermal ● World’s largest copper producer Paleocene porphyry Cu ● 2022 gold production ~ 1 M
Slide 13: Pampa Paciencia
ASTRA ASTRA EXPLORATION EXPLORATION Pampa Paciencia ASTRA EXPLORATION N PAMPA PACIENCIA Dominador ASTRA EXPLORATION Dominador Pampa Paciencia District- Epithermal Gold-Silver Spence2 10.8Mt Copper 277Mt Spence and Molybdenum Porphyry Copper ASTRA EXPLORATION EXPLORATION ASTRA Impaciencia Impaciencia
Slide 14: Epithermal Discovery
PAMPA PACIENCIA Epithermal Discovery Exploration Results Prospective area greatly expanded beyond previously known mineralization 8.5 km strike length of vein fields as indicated by large (+25 cm) mineralized float samples Early evidence of a large concealed low-sulphidation epithermal (LSE) system
Slide 15: Epithermal Discovery
PAMPA PACIENCIA Epithermal Discovery Exploration Results Drilling has focused on a small area (white boundary) Very high correlation between known veins and mag low lineaments Over 4 km of vein coincide with mag lineaments in immediate project area Project area (untested mag lineaments) remains over
Slide 16: Epithermal Discovery
PAMPA PACIENCIA Epithermal Discovery Exploration Results Geological model successful at discovering concealed veins – 44 of 45 holes intersected vein structures Drilling confirms over 2 km of vein strike length, averaging 10-15 metres estimated true thickness Good consistency of vein thickness and c
Slide 17: Epithermal Discovery
PAMPA PACIENCIA Epithermal 3 shoots of gold mineralization discovered Discovery Wide mineralized intervals (typically 10-30m) Exploration Results Deepest shoot is open in all directions Notes: AuEq is comprised of Au+Ag and assumes a ratio of 80 based on $1,800/oz Au and $22.50/oz Ag. Reported grade
Slide 18: Epithermal Discovery
PAMPA PACIENCIA Epithermal Mineralization and geology similar to Faride Mine Discovery Paciencia veins are ~4x thicker than average at Faride Exploration Results Deepest known hole at Faride is ~200m below surface Notes: AuEq is comprised of Au+Ag and assumes a ratio of 80 based on $1,800/oz Au and
Slide 19: Epithermal Discovery
PAMPA PACIENCIA Epithermal Discovery Impaciencia Oeste (Mineralized Subcrop) Surface sample grades up to 3.9 g/t Au + 112 g/t Ag. Veins in rhyolite host rocks are a favorable indicator in Paleocene LSE deposits. Three NW-SE mineralized trends in dashed outline. Rock outcrop mapped in color. ASTRA EX
Slide 20: Comparisons with The El Peñón mine
PAMPA PACIENCIA Comparisons with The El Peñón mine Note: Similarities with other deposits are referenced for geological context only and do not imply or guarantee the same or similar mineral content or economic value. El Peñón Discovery* NOV 1992 Both occur within the well-defined Discovery float sa
Slide 21: El Peñón Deposit Characteristics
PAMPA PACIENCIA El Peñón mine Deposit Characteristics Note: Similarities with other deposits are referenced for geological context only and do not imply or guarantee the same or similar mineral content or economic value. COMPARISON El Peñón veins can be very Pampa Paciencia thin and subtle at surfac
Slide 22: El Peñón Deposit Characteristics
PAMPA PACIENCIA El Peñón mine Deposit Characteristics Source: Yamana Gold 2018 Tech Report Source: Yamana Gold 2017 Site Visit Presentation Surface expressions Ongoing, drill focused, Veins can be obscured by of veins is poor exploration continues to young pampa cover (eg discover additional veins M
Slide 23: Dominador Copper Target
PAMPA PACIENCIA Hydrothermal tourmaline breccia w/ porphyry clasts at surface Dominador Geological and mineralization similarities to Sierra Gorda Copper Target ~2km x 1km corridor = room for large deposit Dominador Sierra Gorda ASTRA EXPLORATION (TSX.V: ASTR) (OTCQB: ATEPF) (FSE: S3I) 23
Slide 24: Dominador Copper Target
PAMPA PACIENCIA Previous work includes ground mag, IP, trenching & drilling Dominador IP performed after 8 shallow drill holes by Teck Copper Target Best target remains to the east and at depth ASTRA EXPLORATION (TSX.V: ASTR) (OTCQB: ATEPF) (FSE: S3I) 24
Slide 25: Cerro Bayo: HSE-Porphyry Gold Project in Elephant Country
DON MARIO - CERRO BAYO Cerro Bayo: HSE-Porphyry Gold Project in “Elephant Country” Situated among several noteworthy deposits in a world-class trend Large underexplored 8x6 km property in the Maricunga – 100% owned by Astra Limited drilling in 1990 (8 holes, 1660m) into a very discrete zone ‘Salaras
Slide 26: Capital Structure
ABOUT ASTRA EXPLORATION Share Structure: Capital Issued & Outstanding 84.2M Structure Warrants 9.1M @ $0.15 February 2025 1.5M @ $0.18 April 2026 27.3 M 16.7M @ $0.10 Nov 2025 Options 1.8M: 5yr @ $0.35 7.6 M Strategic Investors: 5.8M 5 yr @ $0.13 • Michel Gentile, CFA (Bastion Asset Management) • Pe
Slide 27: Astra Exploration Directors & Advisors
ABOUT ASTRA EXPLORATION Astra Exploration Directors & Advisors DR STUART DAVID DARCY CHARLES SMITH CAULFIELD MARUD FUNK Technical Advisor Advisor Director Director With over 30 years in exploration, Over 35 years of experience in Led exploration teams involved in Charles has over 13 years of Stuart
Slide 28: Astra Exploration Management
ABOUT ASTRA EXPLORATION Astra Exploration Management BRIAN DIEGO MAHESH ROBERTO ALARCON MILLER GUIDO LIYANAGE BITTNER CEO & Director Exploration Director CFO VP & Country Manager, Chile Brian began working in Diego is a globally-recognized Mahesh is a Chartered Professional Mr. Alarcon has over 30 y
Slide 29: Contact
+1-604-428-0939 info@astra-exploration.com Astra-Exploration.com 595 Burrard Street, Suite 1723 Vancouver, British Columbia V7X 1J1
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