Auro Metals Inc. · TSXV:AURO
Auro Metals — Whitehorse Gold — Investor Presentation (September 2022)
37 slides from Auro Metals's investor presentation, September 2022
Slide 1: Corporate Presentation
TSX-V: WHG CORPORATE PRESENTATION September 2022 TSX-V: WHG www.whitehorsegold.ca
Slide 2: Disclaimer
DISCLAIMER THIS PRESENTATION IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF WHITEHORSE GOLD CORP. (THE “COMPANY”). No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed on the merits of this presentati
Slide 3: Disclaimer
DISCLAIMER Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated and Inferred Resources The Company has prepared disclosure in accordance with Canadian reporting standards, which differ from the requirements of the U.S. Securities and Exchange Commission (the “SEC”). The term
Slide 4: Whitehorse Gold Highlights
WHITEHORSE GOLD HIGHLIGHTS ▸ Company formed to advance the SKUKUM Skukum Gold Project Gold Project ▸ Spun out of New Pacific Metals and financed in 2020 ▸ 2021 Skukum drill program C$13M, 17,000 metres completed ▸ Current Skukum Resource: Bolivian tin belt • Indicated: 335,611 oz Au LA PAZ • Inferre
Slide 5: The Tin Market
THE TIN MARKET TSX-V: WHG www.whitehorsegold.ca 5
Slide 6: Tin End Use
TIN END USE Other 8% Glass 2% Chemicals 14% Batteries & Solar Panel Automotive Glass Coating PVC Stabilization Brass & Bronze 6% Tin Plating 16% Solder 54% Semiconductor Connections TSX-V: WHG www.whitehorsegold.ca 6
Slide 7: Metals Most Impacted by New Technology
METALS MOST IMPACTED BY NEW TECHNOLOGY ▸ Tin is a key ingredient for developing a green and sustainable economy TSX-V: WHG www.whitehorsegold.ca 7
Slide 8: Tin Price More Than Doubled in Less Than Two Years
TIN PRICE MORE THAN DOUBLED IN LESS THAN TWO YEARS ▸ One of the best-performing commodities in 2021 LME Cash Tin Price US$/tonne ▸ LME tin set an all time high in March 2022 55k with spot price briefly trading above US$50k/t. LME Tin Price 22-03 50k ▸ Prices rose on reduced global production, US$50,
Slide 9: Global Tin Production and Consumption
GLOBAL TIN PRODUCTION AND CONSUMPTION ▸ Tin markets dominated by China, but Bolivia remains a major player TIN PRODUCTION (Ktpa) TIN CONSUMPTION OTHER COUNTRIES 7% JAPAN 8% USA Russia CHINA 9% 41% Australia Malaysia Vietnam SE ASIA Brazil 18% Congo Kazakhstan EU 17% Bolivia Peru Indonesia China 0 20
Slide 10: Tin Supply-Demand Balance 2010-2030
TIN SUPPLY-DEMAND BALANCE 2010-2030 LONG-TERM FUNDAMENTALS REMAIN STRONG Tonnes (000) TSX-V: WHG www.whitehorsegold.ca Wood Mackenzie, ITA, USGS, Metallum Commodity Consulting 10
Slide 11: Porvenir
WHITEHORSE GOLD TIN PROJECTS PORVENIR TSX-V: WHG www.whitehorsegold.ca 11
Slide 12: Porvenir Location
PORVENIR LOCATION ▸ Polymetallic tin-zinc-silver-lead polymetallic mineral Project located in the Oruro Department, Bolivia. ▸ Located 65 km Southeast of the city of Oruro, and is accessed by paved road passing Bolivia’s largest Tin Mine, the Huanuni Mine, Bolivian tin belt then followed by a 15 km
Slide 13: Porvenir Historical Artisanal Workings
PORVENIR HISTORICAL ARTISANAL WORKINGS TSX-V: WHG www.whitehorsegold.ca 13
Slide 14: Porvenir Project
PORVENIR PROJECT ▸ The property measures 11.25 Sq. Km. ▸ Dowa identified more than 19 tin-zinc veins assaying up to 941 grams per tonne silver, 6.34% lead, 28.1% zinc, 10.20% tin, and 500 grams per tonne indium (Geological map shows drill hole traces in blue). ▸ Dowa had selectively sampled cores wi
Slide 15: Selected Assay Results from Dowa 2005 Drilling
SELECTED ASSAY RESULTS FROM DOWA 2005 DRILLING BH Nr From (m) To (m) Interval (m) Sn (%) Zn (%) Ag ppm PV-01 191.1 197.15 6.05 2.27 3.23 13 PV-02 72.15 96.35 24.2 0.21 2.99 13 PV-07 103.15 123.3 20.15 0.57 2.13 24 PV-10 129.35 143 13.65 0.64 1.92 17 PV-14 114.8 122.4 7.6 0.25 1.53 14 230.21 232.38 2
Slide 16: SW–NE High Grade Sn in PV-41
SW–NE HIGH GRADE SN IN PV-41 CROSS-SECTION A–B ▸ As shown in section A-B section, Dowa drill cores sampled are marked as black bars. Note the selective and incomplete sampling between black bars. ▸ Most drill cores were not sampled by Dowa. ▸ The hole PV-41 has intercepted the best interval, 15.05 m
Slide 17: SW–NE High Grade Sn in PV-01
SW–NE HIGH GRADE SN IN PV-01 CROSS-SECTION C–D ▸ The C-D section, drill cores sampled are marked as black bars. Note the selective and incomplete sampling between black bars. ▸ The hole PV-01 has intercepted 20.15 m @0.57% Sn, 0.74% Zn, and 6 g/t Ag. Including 6.05m @ 2.27% Sn, 3.23% Zn, 13 g/t Ag a
Slide 18: WHG Sampling of Dowa Historical Core
WHG SAMPLING OF DOWA HISTORICAL CORE WHG’s geologists sampled a 0.5 m long uncut Dowa core with alteration but no obvious sulfide, which returned 0.56% Sn and 0.34% Zn. This suggests Dowa may have missed tin mineralization intervals that are low in other sulfide mineralization by selectively sam
Slide 19: Relogging and Resampling Program
RELOGGING AND RESAMPLING PROGRAM ▸ Due to the incomplete sampling of drill core carried out by Dowa the Company plans to re-log, cut, and re-sample Dowa’s historical drill cores stored on site (WHG has retrieved approximately 7,000m of the 2005 drill core). TSX-V: WHG www.whitehorsegold.ca 19
Slide 20: Porvenir Deal Terms
PORVENIR DEAL TERMS MAJOR TERMS OF THE AGREEMENT • Total Payment of US$1.75 million to acquire 100% of Tin Company in following instalments: • Payment of US$750,000 for 51% to the Vendors as an initial non-refundable down-payment following the signing of the agreement. • On the first anniversary fro
Slide 21: The Tin Project
WHITEHORSE GOLD TIN PROJECTS THE TIN PROJECT 21
Slide 22: Tin Project Location
TIN PROJECT LOCATION ▸ At an elevation of approximately 4,200 meters, the Tin Project Property covers an area of approximately 2.0 square kilometers (km), It is located in the Potosi and Oruro Departments of Bolivia, approximately 25 km SE of the Huanuni Mine, the largest Tin mine in Bolivian tin be
Slide 23: Tin Project
TIN PROJECT RIO TINTO HISTORICAL HISTORICAL DRILL HOLE DRILL HOLES RESULTS ▸ Current Mining Concession: ESF003: 168 m @ 0.40 % Zn, Mining concession 0.06 % Pb, 6 ppm Ag, 0.04 ppm Au 2 sq km ESF002: 180 m @ 0.29 % Sn, 1.06% Zn, 0.1 % Pb, 13 ppm Ag, 0.06 ppm Au (including 56 m @ 0.58 % Sn, 1.86 % Zn,
Slide 24: Tin Project Cross Section: Drill Hole ESF001
TIN PROJECT CROSS SECTION DRILL HOLE ESF001 Planned twin / confirmation hole HIGHLIGHT INTERVALS MINERALISED INTERVAL Incl. 22 m @ 0.51 % Sn, 1.38 % Zn, 236 m @ 0.41 % Sn, 1.14 % Zn, 0.02 % Pb, 11 g/t Ag, 0.18 g/t Au 0.09 % Pb, 15 g/t Ag, 0.1 g/t Au From 157 – 179 m From 125 – 361 m Incl. 54 m @ 0.5
Slide 25: Tin Project Cross Section: Drill Hole ESF002
TIN PROJECT CROSS SECTION DRILL HOLE ESF002 Planned twin / confirmation hole HIGHLIGHT INTERVALS MINERALISED INTERVAL Incl. 16 m @ 0.39 % Sn, 1.43 % Zn, 0.08 % Pb, 12 g/t Ag, 0.14 g/t Au 180 m @ 0.29 % Sn, 1.06 % Zn, From 96 – 112 m 0.1 % Pb, 13 g/t Ag, 0.06 g/t Au From 94 – 274 m Incl. 62 m @ 0.56
Slide 26: Assay Results
ASSAY RESULTS TIN, ZINC, LEAD, SILVER AND GOLD SELECTIVE BOREHOLES AND INTERCE PTS BH Nr Interval (m) Sn (%) Zn (%) Pb (%) Ag g/t Au g/t From (m) To (m) ESF001 236 0.41 1.14 0.09 15 0.1 125 361 Incl. 112 0.51 1.22 0.06 13 0.07 205 317 ESF002 180 0.29 1.06 0.1 13 0.06 94 274 Incl. 62 0.56 1.82 0.03 1
Slide 27: Tin Project Deal Terms
TIN PROJECT DEAL TERMS MAJOR TERMS OF THE TWO AGREEMENTS Confirmation Drilling Agreement The Company will pay US$100,000 to the Vendors as an initial, non-refundable, fee to conduct a confirmation drill program. The program will twin two historical holes over the next three months. Acquisition Agree
Slide 28: Tin Project Historical Artisanal Workings
TIN PROJECT HISTORICAL ARTISANAL WORKINGS TSX-V: WHG www.whitehorsegold.ca 28
Slide 29: The Tin Market: Grade/Tonnage
THE TIN MARKET: GRADE/TONNAGE MARKET CAP (in USD 6 millions)* Alphamin Alphamin: $687 Metals X: $166 5 Almonty Industries: $149 Cornish Metals: $140 Meridian Mining: $93 4 Afritin: $71 Elementos: $47 First Tin: $43 Tinka: $41 3 Avalon: $35 Sn % Stellar: $7 Stellar Resources Cornish Metals 2 Metals X
Slide 30: Bolivia Tin History
BOLIVIA TIN HISTORY MAP OF BOLIVIA TIN BELT WITH MAJOR TIN MINES ▸ 4th largest world producer of Tin ▸ Huanuni mine – World’s largest cassiterite deposit ▸ Produced the world’s 3 wealthiest “Tin Barons”: Patino/Hoschild/Aramayo ▸ Has Produced ~205,000 tonnes of tin in the last decade TSX-V: WHG www.
Slide 31: Skukum Gold Project
SKUKUM GOLD PROJECT TSX-V: WHG www.whitehorsegold.ca 31
Slide 32: Skukum Deposits
3 Deposits Skukum Creek Mt. Skukum Goddell TSX-V: WHG www.whitehorsegold.ca 32
Slide 33: Resource Estimate
RESOURCE ESTIMATE HIGH-GRADE RESOURCE WITH UPSIDE Total Total Total Resource Au Ag AuEq contained contained contained Deposit classification Tonnes g/t g/t g/t oz Au oz Ag oz AuEq Indicated 1,001,300 5.85 166.4 7.75 188,334 5,355,478 249,401 SKUKUM CREEK Inferred 537,000 4.99 108.3 6.22 86,124 1,869
Slide 34: Skukum Gold Project, Yukon, Canada
SKUKUM GOLD PROJECT YUKON, CANADA THE RIGHT PROJECT THE RIGHT ADDRESS THE RIGHT PLAN ▸ High grade (brownfield, advanced) ▸ Yukon is a Tier 1 mining Jurisdiction ▸ Targeted on new discoveries ▸ Past producer (78,000 oz Au @ 13g/t ▸ Yukon –Home of the first gold rush ▸ Targeted on resource expansion -
Slide 35: Proven Management Team & Board
PROVEN MANAGEMENT TEAM & BOARD LEVERAGING STRONG TECHNICAL AND CAPITAL MARKETS EXPERTISE GORDON NEAL, CEO AND DIRECTOR LORNE WALDMAN, CHAIRMAN & DIRECTOR • Extensive experience in the metals and mining sector, capital markets, and • 20+ years managing public mining companies government communication
Slide 36: Capital Markets Profile
CAPITAL MARKETS PROFILE CAPITAL STRUCTURE SHARE OWNERSHIP Strategic cornerstone shareholder with strong insider ownership Ticker TSXV: WHG Share Price (Sept 6, 2022) C$0.49 Basic Shares Outstanding 53.7 million Options 2.9 million 29.5% Silvercorp Metals Inc. 47.5% Institutional Warrants 10.2 millio
Slide 37: To Learn More
TSX-V: WHG TO LEARN MORE: info@whitehorsegold.ca 604-336-5919 www.whitehorsegold.ca TSX-V: WHG www.whitehorsegold.ca 37
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