Atex Resources Inc. · TSX:ATX
Atex Resources — Investor Presentation (April 2022)
22 slides from Atex Resources's investor presentation, April 2022
Slide 1: Unlocking a New Cu-Au Porphyry Camp in Chile
Unlocking a New Cu-Au Porphyry Camp in Chile
Slide 2: Forward Looking Statements and U.S. Investor Disclosure
Forward Looking Statements and U.S. Investor Disclosure FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to: the success of exploration activities; mine developm
Slide 3: NI 43-101 Disclosure Statements
NI 43-101 Disclosure Statements QUALIFIED PERSONS The Qualified Person, as defined by National Instrument 43-101 of the Canadian Securities Administrators, for Cascada’s exploration activities in Chile is Sergio Diaz, a resident of Santiago, Chile. Mr. Diaz is a Public Registered Person for Reserves
Slide 4: ATEX Resources Inc. – An Introduction
ATEX RESOURCES INC. – An Introduction A Chilean-focused exploration and development company. Flagship Valeriano Copper Gold Project • Team of professionals with over 200 years of combined • Underexplored large copper-gold porphyry deposit: experience and a record of significant discoveries. ✓ 297.3
Slide 5: An Accomplished Team
An Accomplished Team Dr. Raymond Jannas, CEO • Over 40 years’ experience in mining geology & exploration. • Headed teams that led to discovery of Pascua-Lama, El Morro & Cortadera in Chile. • Held senior positions with Gold Fields, Barrick Gold, LAC Minerals, Hochschild Mining, Metallica Resources.
Slide 6: Share Structure
Share Structure Three Month ATEX Trading Statistics (Oct 20, 21 – Jan 20, 22) Capital Structure (Mar 31, 2022) Shares & Warrants - 19.87 M shares traded Securities Price (C$) Number Warrants Excercize (C$) - Average of 315,500 shares trade per day Shares Outstanding 100,743,854 - High/Low - $0.10/$0
Slide 7: Valeriano Copper Gold Porphyry Project
Valeriano Copper Gold Porphyry Project ATEX Resources Inc. 7
Slide 8: Located Within an Emerging Copper-Gold Porphyry Belt
Located Within an Emerging Copper-Gold Porphyry Belt • Emerging copper-gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north. Referred internally as the Link Belt • Link Belt hosts a number of Cu-Au porphyry de
Slide 9: The El Encierro - Valeriano Porphyry Cluster
The El Encierro - Valeriano Porphyry Cluster Valeriano Cu/Au Porphyry Deposit Hosts an preliminary Inferred Resource containing: 3.90 B lbs. Cu (1.77 Mt) 1.84 Moz Au 8.62 Moz Ag El Encierro Project Antofagasta (51%) / Barrick Gold (49%) joint venture. El Encierro Valeriano • Approximately 55,000 met
Slide 10: Valeriano Project Summary
Valeriano Project Summary CODELCO • 15 exploitation and 2 exploration concessions covering 3,705 ha. • Contiguous to the advanced Antofagasta/Barrick El Encierro copper gold porphyry project. El Encierro • Drill platforms indicate a NE trend to El Encierro. • Benefit from 26,847 m of drilling comple
Slide 11: Seizing a Major Cu-Au Porphyry Deposit
Seizing a Major Cu-Au Porphyry Deposit Historic Drill Results from the Valeriano Copper Gold Porphyry (Hochschild) From To Length Cu Au Ag Mo Cu Eq Drill Hole metres % (g/t) (g/t) (ppm) % VALDD12-09 900 1,748.0 848.0 0.47 0.16 0.77 89.2 0.64 VALDD13-14 614 1,808.0 1,194.0 0.52 0.24 1.02 36.4 0.73 VA
Slide 12: Schematic Section Through the Valeriano Porphyry System
Schematic Section Through the Valeriano Porphyry System NW Porphyry Average Grades SE VP1 – 0.6 - 0.8% Cu; 0.2 - 0.4 g/t Au 4,400 4,400 VP2 – 0.4 - 0.6% Cu; 0.2 - 0.3 g/t Au VP3 – 0.2 - 0.4% Cu; 0.2 g/t Au VP4 – 0.15% Cu; 0.1 g/t Au VP5 – <0.1 % Cu 4,000 4,000 High-sulphidation mineralization (cc ±
Slide 13: Geophysics Indicates a Potential Porphyry Giant
Geophysics Indicates a Potential Porphyry Giant Induced Polarization / Resistivity Magnetotellurics IP/RESISTIVITY vs MAGNETOTELLURIC SURVEYS • 1997 & 2011 data sets of Induced 4000 Polarization / Resistivity surveys were 1000 m “levelled” by Sothern Rock Geophysics. There is a strong correlation be
Slide 14: Phase 2 Drill Campaign - Awakening a Giant
Phase 2 Drill Campaign - Awakening a Giant • The objective of the Phase 2 drilling is to expand the known higher grade VP1 & VP2 porphyry intercepts in drill hole VALDD13-014. • Three high priority holes (6,000m). ✓ ATXD-17 & 19 are 200-metre step out holes to the SW and NE of VALDD-14, respectively
Slide 15: Top Global Copper Drill Intercepts from the Past Two Years
Top Global Copper Drill Intercepts from the Past Two Years Project Country Company Hole # From (m) To (m) Interval (m) CuEq (%) %xm Source Onto Indonesia PT Sumbawa Timur Mining VHD037 536.0 1,484.6 948.6 1.89 1,796.0 PT Sumbawa Timur PR Filo del Sol Argentina Filo Mining Corp. FSDH041 188.0 1,046.0
Slide 16: Comparison of South American Porphyry Projects
Comparison of South American Porphyry Projects 0.9 Los Bronces Resource to Feasibility 0.8 Los Calatos Stage Projects Quebradona La Americana 0.7 Tintaya • Valeriano currently lies Baihe Michiquillay Valeriano amongst the higher grade copper projects. % Cu Grade 0.6 Rio Blanco (Not Cu Eq.) Los Chanc
Slide 17: Growing Demand Will Drive Copper Prices Higher
Growing Demand Will Drive Copper Prices Higher Declining mine grades and mine depletion / closures will results in a production decline during 2024 Significant shortage of sizeable advanced projects with only 1.7 Mtpa of probable projects available for development Millions of tonnes Source: modified
Slide 18: ATEX 2022 Budget (Dec. 2021 – Dec. 2022)
ATEX 2022 Budget (Dec. 2021 – Dec. 2022) ATEX 2022 Budget US$ Valeriano Exploration ATEX Geophysics ( MT / Mag) 225,000 Diamond Drilling (6,000 m) 2,848,000 Camp (50 Persons) 683,000 Roads & Platforms 228,000 Personnel 217,000 Assays 160,000 Other (hardware, software, equipment, right of way) 512,00
Slide 19: Earning a 100% Interest in Valeriano
Earning a 100% Interest in Valeriano Valeriano Option Agreement Terms August 29, 2022 $250,000 By September 1, 2023 (49%) 8,000 metres of drilling (~7,700 m to have been completed by end of Q2/2022) $10 M work commitments (est. $8.0 to have been spent by end of Q2/2022) $3.5 M payment (1/2 of which
Slide 20: High Sulphidation Generative Program “HS-GEN”
High Sulphidation Generative Program “HS-GEN” ATEX Resources Inc. 20
Slide 21: HS-GEN - Grassroots Au/Ag Exploration
HS-GEN - Grassroots Au/Ag Exploration Back to our roots - Grassroots exploration for high-sulphidation epithermal Au/Ag deposits in northern Chile Twist Rock • ATEX staked 6 properties (100%): 5x3 km alteration Erosional windows system in Miocene with outcrops of ✓ Tango Property (2,400 ha) volcanic
Slide 22: Minimizing the Time to Maximizing the Value
ATEX Resources Inc. Minimizing the Time to Maximizing the Value Contact: Raymond Jannas, President and CEO rjannas@atexresources.com ATEX Resources Inc. 22