Fortune Bay Corp. · TSXV:FOR
Fortune Bay — Vancouver conference, Sept 9-10, 2022
15 slides from Fortune Bay's conference presentation, September 2022
Slide 1: Gold & Uranium Exploration & Development in Canada's Top-Ranked Jurisdiction
Gold & Uranium Exploration & Development in TSXV: FOR | FWB: 5QN | OTCQX: FTBYF www.fortunebaycorp.com Canada’s Top-Ranked Jurisdiction Vancouver Sept 9-10, 2022 Photo: Goldfields Project, Box headframe and mill frame dating back to 1935
Slide 2: Cautionary Language & Legal Disclaimers
Cautionary Language & Legal Disclaimers Cautionary Statements Technical Reports & Disclosures Information set forth in this presentation contains forward-looking statements that are based on assumptions as of Goldfields Project - The current mineral resource estimate, with an effective date of March
Slide 3: Our Assets
Our Assets Strike & Murmac Uranium Projects Potential for high-grade Athabasca Basin Uranium ► Near-surface elevated radioactivity intersected in multiple holes Strike and Murmac from initial exploration drilling Uranium Projects ► Follow-up planning ongoing Goldfields Project Current gold resource
Slide 4: Strike & Murmac Uranium Projects, Saskatchewan
High-grade Athabasca Basin uranium potential Strike & Murmac Uranium Projects, Saskatchewan 4
Slide 5: World's Premier District for High-Grade Uranium
World’s Premier District for High-Grade Uranium NORTHWEST TERRITORIES SASKATCHEWAN Strike Uranium Project The Exploration Target Lorado Gunnar Goldfields Gold Project Murmac Uranium Project ATHABASCA BASIN • Shallow, high-grade, basement-hosted uranium • Competent host rocks which allow for conventi
Slide 6: Uranium Projects: Dominant Land Position
Uranium Projects: Dominant Land Position Camsell Portage A Compelling Exploration Scenario: Athabasca Basin unconformity model ✓Known uranium endowment not tested (high-grade >1% U3O8 historical historically occurrences) Strike Uranium City ✓Over 60 kilometres of prospective Uranium strike (graphiti
Slide 7: Strike Uranium: Mineralizing System Identified
Strike Uranium: Mineralizing System Identified 2022 Drill Program: ► First-pass drilling along three principle conductors (J, K & L) ► Not previously drill tested ► Nine holes (2,064 m) completed 2022 Initial Drill Results: ✓ Near-surface elevated radioactivity (4/9 holes) ✓ Graphite, structure & va
Slide 8: Murmac Uranium: Near-Surface Elevated Radioactivity
Murmac Uranium: Near-Surface Elevated Radioactivity Historical Lorado Mine 2022 Drill Program: 95,000 tons mined grading 0.19% U3O8 during the 1950’s ► First-pass drilling of targets across the Pitchvein, Armbruster and Howland Corridors ► No previous drill testing along EM conductors ► Fifteen dril
Slide 9: The Right Geological Ingredients
The Right Geological Ingredients Strike Uranium Project Murmac Uranium Project Drill hole S22-013: Elevated radioactivity 1,800 cps in graphitic fault with alteration M22-002: Elevated radioactivity 1,250 cps associated with graphitic shearing below strongly hematized quartzite Surface showing near
Slide 10: Goldfields Project, Saskatchewan
Development-Ready Photo: Box historical headframe, mill frame & powerline Goldfields Project, Saskatchewan 10
Slide 11: Goldfields: Development-Ready
Goldfields: Development-Ready Top-Ranked Jurisdiction Uranium City ► Saskatchewan ranked #1 in Canada, ranked #2 globally 1 Airport Established Project Infrastructure ► Roads and powerline to site, 13 km from Uranium City and airport Goldfields Claims Murmac Claims Permitted for Development Gold Dep
Slide 12: Box Phase 1 (2021) Drilling Results - Significant Expansion
Box Phase 1 (2021) Drilling Results - Significant Expansion Sectional View ► Highlights include: (looking west) Surface ► 8.00 g/t / 4.0 m (B21-334) ► 8.00 g/t / 12.0 m (B21-336) B21-337 ► 8.74 g/t / 5.0 m (B21-339) B21-340 ► 13.22 g/t / 8 m (B21-340) Current Mineral Resource Estimate (2021 MRE) ► M
Slide 13: Goldfields PEA: An Optimized Development Path
Goldfields PEA: An Optimized Development Path Updated Resource Phase 1: Mine to Mill Phase 2: Preliminary Model Optimization Economic Assessment • Incl. Phase 1 (2021) drilling • Best business case • Results expected early Q4 results 2022 13
Slide 14: Goldfields: Roadmap to Production
Goldfields: Roadmap to Production 2020 2021 2022 Onward (Not to Scale) Phase 2 Continued Exploration Exploration Phase 1 Drilling Drilling Delineation Drilling Resource Update New Mineral Internal Concept Detailed Construction Project Development Resource Estimate Studies PEA Feasibility Studies Eng
Slide 15: Poised for Growth…
Poised for Growth… Value underpinned - significant gold resource base Actively advancing the Goldfields Project Upside through uranium exploration & discovery High-grade potential typical of the Athabasca Basin Experienced Board & Management Proven track-record in discovery, development & value crea