Bunker Hill Mining Corp · TSX:BNKR
Bunker Hill Mining — Investor Presentation (October 2021)
17 slides from Bunker Hill Mining's investor presentation, October 2021
Slide 1: Delivering a Rapid Restart of the Prolific Bunker Hill Mine
BNKR:CN BNKR:CN BHLL: OTCQB DELIVERING A RAPID RESTART OF THE PROLIFIC BUNKER HILL MINE OCTOBER 20211
Slide 2: Cautionary Notes
BNKR:CN CAUTIONARY NOTES Cautionary Notes Regarding Forward Looking Information Certain statements in this presentation are forward-looking and involve a number of risks and uncertainties. Such forward looking statements are within the meaning of that term in Section 27A of the Securities Act of 193
Slide 3: Building a Modern, USA Precious Metals Company
BNKR:CN BUILDING A MODERN, USA PRECIOUS METALS COMPANY World class Bunker Hill mine to be the cornerstone asset of a multi-asset portfolio London JV ✓ Prolific USA silver district Colorado SHAREHOLDER BASE AND MARKET DATA ✓ World class asset (165 Moz Ag production) ✓ #1 global mining Coeur d’Alene j
Slide 4: Why Bunker Hill Mining?
BNKR:CN WHY BUNKER HILL MINING? Opportunity to build a modern, sustainable, long-life mine within a safe jurisdiction 1 NEW LEADERSHIP TEAM THE FOUNDATION 2 WORLD CLASS CORNERSTONE ASSET THE 3 MODERN, SUSTAINABLE, ZERO FOOTPRINT VISION 4 BUNKER HILL RAPID RESTART + SILVER EXPLORATION THE STRATEGY 5
Slide 5: New Experienced Management Team in Place
BNKR:CN 1 NEW EXPERIENCED MANAGEMENT TEAM IN PLACE Strong execution track record ✓ Ex-Barrick executive team with strong operational track record of delivery ✓ Locally based in Kellogg, Idaho Richard Williams Sam Ash David Wiens Brad Barnett Executive Chairman Chief Executive Officer Chief Financial
Slide 6: The Bunker Hill Mine: A Brief History
BNKR:CN THE BUNKER HILL MINE: A BRIEF HISTORY 1885 – 1981: 1981 – 2016: 2016 – 2020: 2020 – PRESENT: ICONIC USA SHUT DOWN & CARE & NEW TEAM BASE-SILVER MINE CLEAN UP MAINTENANCE RAPID RESTART • Original discovery by Noah • Shut down in 1981, • Option negotiated to ✓ New management + board S. Kellogg
Slide 7: World Class Asset in Prolific USA Silver Region
BNKR:CN 2 WORLD CLASS ASSET IN PROLIFIC USA SILVER REGION Coeur D’Alene district: >1.2Bn oz Ag produced with Bunker Hill accounting for 15% BUNKER HILL’S ROLE AND ADVANTAGES ✓ Large scale, most productive mine in Silver Valley history by tonnage ✓ Shallow resources near existing infrastructure ✓ Pri
Slide 8: Shallowest Worked Depth in the Silver Valley
BNKR:CN 2 SHALLOWEST WORKED DEPTH IN THE SILVER VALLEY Produced 160 million silver ounces to first 4,000 feet below surface Bunker Hill Sunshine Coeur Galena Star-Morning Lucky Friday 0 165 365 40 190 75 110 million million million million million million -2,000 silver silver silver silver silver si
Slide 9: ESG at Core of Innovative Value Creation Strategy
BNKR:CN 3 ESG AT CORE OF INNOVATIVE VALUE CREATION STRATEGY Multiplying long-term regenerative impacts on local community and environment 9
Slide 10: Updated PEA: Robust, Rapid Production Restart
BNKR:CN 4 UPDATED PEA: ROBUST, RAPID PRODUCTION RESTART PEA outlines high return restart plan leveraging vast existing infrastructure Underground Mine $143 35% 2.6 million After-Tax Year Restart NPV 5% IRR Payback After-tax Period High-Grade $44 million 11 Year $25 Silver Initial Mine million Avg Ex
Slide 11: Material Improvement from June PEA
BNKR:CN 4 MATERIAL IMPROVEMENT FROM JUNE PEA Significant increases in valuation, free cash flow, and production; decrease in costs NPV ($M): +42% FCF ($M): +51% Avg Annual FCF ($M): +28% 143 233 25 101 20 154 June Updated June Updated June Updated PEA PEA PEA PEA PEA PEA Mine Life (years): +10% Zn E
Slide 12: Focus on Shallow Resources Near Infrastructure
BNKR:CN 4 FOCUS ON SHALLOW RESOURCES NEAR INFRASTRUCTURE Rapidly achieve cash flow above existing water level; UG processing and tailings STAGED MINE PLAN: PEA Life of Mine Extracted Resource: 6.3Mt grading 5.0% Zn, 2.8% Pb, 1.5 oz/t Ag Lowers risk and up-front capital Payable Production: 591 Mlbs Z
Slide 13: Optimization Increases NPV +42% to $143M
BNKR:CN 4 OPTIMIZATION INCREASES NPV +42% TO $143M Upside potential from further optimization, metal prices, exploration, mine life extension BUNKER HILL MARKET CAP: $24M 102 245 Further optimization Metal prices Exploration 65 Mine life extension 143 26 3 101 6 June Mine LHOS vs. C&F Expensed Other
Slide 14: Extensive Geophysics Program Launching
BNKR:CN 4 EXTENSIVE GEOPHYSICS PROGRAM LAUNCHING Testing 1,500 acres of previously unexplored ground for near-surface drill targets 14
Slide 15: Joint Venture to Explore London Mining District
BNKR:CN 5 JOINT VENTURE TO EXPLORE LONDON MINING DISTRICT Successful environmental remediation project opens path to sustainable redevelopment • Opportunity to earn 50% share in mineral rights in patented land package >3,000 acre in Colorado, USA • Includes London Mine with historic production of ov
Slide 16: Extensive Land Package and Exploration Targets
BNKR:CN 5 EXTENSIVE LAND PACKAGE AND EXPLORATION TARGETS Previous exploration programs planned and never conducted Significant Exploration Potential • 3 main zones identified for future exploration • Wide range of mineralization styles, many physical and remote sensing exploration methods available
Slide 17: Key Near-Term Investment Catalysts
BNKR:CN KEY NEAR-TERM INVESTMENT CATALYSTS Value creation through corporate and operational milestones ✓ EPA ‘Ability to Pay’ process update ✓ Mine purchase: remaining purchase price $3.4M cash + $2M shares CORPORATE ✓ Re-start financing: targeting low-cost solution with minimal dilution CATALYSTS ✓
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