Inventus Mining Corp. · TSXV:IVS
Inventus Mining — Investor Presentation (January 2018)
22 slides from Inventus Mining's investor presentation, January 2018
Slide 1: Paleoplacer Gold in Ontario
Paleoplacer Gold in Ontario January 2018 IVS inventusmining.com
Slide 2: Pardo Project Summary
2 Pardo Project Summary Located 65 km northeast of Sudbury, Ontario, or 200 km South of Timmins 100% ownership in 190 square km property Gold occurs in flat lying conglomerate “reefs” similar to Witwatersrand Typical gold bearing reefs are 1 to 3 m in thickness at a depth of 0 to 40 m Drilling has s
Slide 3: Regional Geology
3 Regional Geology Regional Geology of the Huronian Supergroup 16,000 km2 Sedimentary Rift Basin Cobalt Host to Elliot Lake Uranium Embayment Paleoplacers Deposited between 2.2 and 2.4 Ga Local Geology at Pardo Mississagi and Matinenda formation are fluvial sandstones and conglomerate
Slide 4: Boulder Conglomerate
4 Boulder Conglomerate Godzilla Zone Outcrop: 140 m at 5.2 g/t gold
Slide 5: Similar to Witwatersrand
5 Similar to Witwatersrand Pardo 007 Reef 30.7 g/t Au
Slide 6: Pyrite – Gold Association
6 Pyrite – Gold Association Au = gold Py = pyrite qz = quartz ru = rutile ch = chlorite ch(bi) = chlorite-biotite
Slide 7: Gold Cluster in 2017 Drill Core
7 Gold Cluster in 2017 Drill Core PD-17-04 @ 20 m depth
Slide 8: Gravity Recoverable Gold
8 Gravity Recoverable Gold 1,024 mg of fine gold panned from the tip of a gravity concentrate made from 110 kg sample of Pardo 007 Zone 1 cm
Slide 9: Pardo Project Location + Terrain
9 Pardo Project Location + Terrain Principal Area of Focus 2017 Drill Program Four Season Road Current Outline of Target Geology 4km N 65 km to Sudbury
Slide 10: Drilling Highlights
10 Drilling Highlights 2017 Drilling 2007-2015 Drilling Current Outline of PD-17-56: 3.13 g/t over 2.12 m PD-12-37: 6.3 g/t over 1.25 m incl 9.41 g/t over 0.50 m Boulder Conglomerate PD-07-38: 27.2 g/t over 0.25 m PD-12-39: 24.9 g/t over 0.43 m PD-17-04: 13.2 g/t over 3.2 m PD-12-46: 3.2 g/t over 1.
Slide 11: Known Target Size
Known Target Size Extent of Mineralized Conglomerate S 3 5 g 7 ; 3 \+5183000 Thickness between 1 to 4 metres | 4+5182500 _ }#5182000 Elev (2) 2 = in 2 gy Trench 2 +300 5 Bulk Sample Site +200 “4555400 *+555600, “+555800 “4556000 ope “+556200 a dA “+556400 “+556600 4556800 Looking Down 4557000 toward
Slide 12: Grade x Thickness
Grade x Thickness Grade thickness and Extent of the Conglomerate " N Elev (Z) % 5 ° ° e z 3 2 z 5 8 2 | a 8 a 8 5 g 2 2 3 8 3 8 & ese ny a i a B a in 4200 a + + t + + t ++555400 Ah +555600 x = +555800 . =. *+556000 Trench 1 Bulk Sample Site Open '<————- Trench 2 “+556200 '+55640 0a . = ; A a ise Eas
Slide 13: X-Section View
X-Section View Aerial Photo of Pardo illustrating depth and Grade Thickness of Conglomerate Grade Drill Collars in Green ce Thickness 4 and Greater §), e 3 16m Average depth to conglomerate from surface Pee Open we : . : es Bulk Sample Site if Trench 2 007 ae Eastern Reef Near Surface Z : Looking Do
Slide 14: Bulk Sample Results
Bulk Sample Results a = 5 Grade s Ss 3 s s S s Ss Thickness 3 a q a 8 8 = ea 4 and greater 2 2 G 4 cs a eS Sy a = a a i a 5 ee 2 ee ct ce + Ey " 2 Beton et POSER ce Drill Collars are illustrated in Green Trench 1 bulk sample demonstrated 4.2 gpt over 2.54 metres or Grade thickness of 10.66 GT Godzil
Slide 15: Sampling Challenges
15 Sampling Challenges Gold unevenly distributed in the matrix Drill Hole Matrix accounts for 10 – 40% by volume Grade determination is not unusual challenge for paleoplacers Core drilling very good for determining thickness of gold bearing reefs, but only an indication of grade. Necessitates bulk s
Slide 16: 2017 Bulk Sample Summary
16 2017 Bulk Sample Summary • 1,000 t Bulk Sample Location: Trench 1 • Completed Oct to Dec 2017 • Processed at McEwen Mining Black Fox Mill near Timmins • Results released Jan 3, 2018 • Head Grade 4.2 g/t gold • 89% Metallurgical Recovery • Avg. Au Grade of 11 DDH 1.34 g/t • Very Significant Result
Slide 17: 2017 Bulk Sample Photos
17 2017 Bulk Sample Photos Location: Trench 1 Drill Blast Truck Pour Mill Deliver
Slide 18: 2017 Bulk Sample Details
18 2017 Bulk Sample Details Location: Trench 1 Actual Weight Mined 1,018 tonnes Calculated Dry Weight Mine 985 tonnes Au Recovered 3.72 kg / 119.5 oz Au in Tailings 0.44 kg / 14.2 oz Au Recovery % 89 % Au Total Contained 4.16 kg / 133.7 oz Calculated Au Head Grade 4.2 g/t
Slide 19: Project Milestones
19 Project Milestones 1. Complete drilling and modeling on initial 330,000 m2 area containing approx. 1.7 million t ✔ 2. Raise funds for bulk sampling and exploration ✔ 3. Prove high-grade, mineable, flat lying layer with 1,000 t bulk sample at Trench 1 ✔ Objectives for 2018: 4. 50-100 kt bulk sampl
Slide 20: Pardo Advantage
20 Pardo Advantage Underground Strip Mine Open Pit CAPEX: Very High OPEX: Very High ✗ CAPEX: Low OPEX: Low ✓ CAPEX: High OPEX: Medium ✗ Sortable Ore ✓ Low risk ✓ Profitable ✓ Quick Development ✓
Slide 21: Share Structure
21 Share Structure Shares Outstanding 106,971,069 Warrants 6,666,666 at $0.25 expiring Sep 2019 Options 5,077,500 Share Capital (fully diluted) 118,715,235 Share Price C$0.24 Market Capitalization C$25.7 million (1) Updated as of Jan 15, 2017. All amounts in Canadian Dollars.
Slide 22: Major Shareholders TSX Venture: IVS
22 Major Shareholders TSX Venture: IVS Endurance Gold Corp.2 23.3% Contact Information: Rob McEwen 20.4% Stefan Spears Eric Sprott 12.8% Chairman and CEO Wayne Whymark 6.0% info@inventusmining.com Osisko Gold Royalties 5.6% (647) 408-1849 Total Group 68.6% (2) Acquired Nov 2016 in exchange for a dir
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