Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (May 2024)
36 slides from Ridgeline Minerals's investor presentation, May 8, 2024
Slide 1: Exploration Done Differently
1 Exploration Done Differently May 8, 2024 Corporate Deck TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0
Slide 2: Disclaimer
2 CAUTIONARY STATEMENT Disclaimer Forward Looking Statements Qualified Persons. Michael Harp, CPG., Vice President, Exploration, is the Qualified Person as defined by National Instrument 43-101 and has reviewed Statements contained in this presentation that are not historical facts are “forward-look
Slide 3: Ridgeline Minerals
3 ABOUT US Ridgeline Minerals Ridgeline is a Western US focused precious and base metal explorer with a portfolio of five highly prospective exploration projects in Nevada and a multi-project partnership (US $40M) with Nevada Gold Mines (NGM) WORLD-CLASS CRD DISCOVERY US$40M NGM EARN-IN LOCATIONS 10
Slide 4: Management Team
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 4 Management Team Chad Peters B.Sc., P.Geo Mike Harp M.Sc., CPG Duane Lo CPA (CA) President, CEO & Director Vice President, Exploration CFO & Director ▪ Led multi-million-ounce high-grade CSD ▪ Led multi-million-ounce North Dark Star ▪ 20+ years of international
Slide 5: Capital Structure
MANAGMENT ALIGNED WITH SHAREHOLDERS 5 Capital Structure As at May 8, 2024 7.8% Management 109.7M Large Shareholders o Chad Peters – 3.3% Non-Diluted I/O o Stephens Investment Mgmt. o Rick Rule Cash ~ C$2.3M 5.0M 1.2M 26.9M o Merk Investments Options RSU/DSU Warrants o Extract Capital o EMX Royalty C
Slide 6: 5 Projects
Twin Creeks Midas Black Ridge Turquoise Ridge BELL CREEK Au 6 AU South Arturo $10M NGM Earn-In Wells 100% RDG Pinson CORE LAND POSITIONS Winnemucca Meikle Goldstrike Leeville-Turf Lone Tree Carlin Elko Mike 5 Projects Marigold Battle Mountain Gold Quarry Carlin Big Blue Cu-Au-Ag ± Pb-Zn 100% RDG 195
Slide 7: Hybrid Explorer Business Model
BUSINESS MODEL 7 Hybrid Explorer 4 3 Add Value By Discovery Reduce Risk With Partnerships 2 MONETIZE 1 4 Monetize asset via sale DE-RISK DISCOVER . os m 3 Maiden resource 4 -2 12 EXPLORE Selena . os m 4 2- 2 2 Discoveries advanced 1 Swift - $30M s . mo Black Ridge - $10M 12 - 24 1 Exploration Pipeli
Slide 8: Our Leverage to Discovery
BUSINESS MODEL 8 Our Leverage to Discovery 2024 NGM Budget - US $5.2M 30,000,000 RDG Invested Capital vs. Partner Funded Capital US $30M +830% for each RDG $ spent 25,000,000 20,000,000 RDG retains option for “Fully-Carried” 25% interest to commercial production across both deals 15,000,000 10,000,0
Slide 9: Why a Minority Joint Venture Interest Matters
BUSINESS MODEL 9 Why a Minority Joint Venture Interest Matters ▪ There are many past examples of minority interests in major discoveries yielding outsized returns for investors ▪ Ridgeline’s two JV deals with Nevada Gold Mines have the potential for similar trajectories if a discovery is made while
Slide 10: Swift
10 PARTNER PROJECTS Swift Optioned - Nevada Gold Mines 75 km2 Land Package Carlin- Type Au-Ag Click Here NGM EARN-IN LOCATION THE OPPORTUNITY 2024 OBJECTIVE US $30M earn-in agreement signed District-scale land package on NGM targeting a 5+ Moz high- $5.0M NGM exploration budget to with NGM (09-22-20
Slide 11: Nevada Gold Mines Earn-In
11 SWIFT Nevada Gold Mines Earn-In ▪ Partnering with NGM at Swift eliminates the high exploration risk and cost associated with deep drilling ▪ Deal structure provides Ridgeline with exposure to Swift across all levels of project development with zero corporate dilution ▪ NGM aggressively exploring
Slide 12: Discovery Potential
12 SWIFT Swift Project ($30M RDG-NGM JV) 75km² Discovery Potential Target Elder Creek PWC Project ($20M RLYG –Kinross JV) ▪ First 4 NGM framework holes (2021-2022) at Swift Greystone Clipper Robertson hit significant gold intercepts including: Pipeline ▪ 51.1m @ 0.19 g/t Au, Incl: 1.5m @ 1.51 g/t Au
Slide 13: Schematic Long Section A-A'
13 SWIFT Schematic Long Section A-A’ ▪ US $7.2M spent by NGM at Swift to-date with a US $5.0 drilling budget approved for 2024 – Q2-Q4 drilling (4-5 holes) A 9.1m @ 0.51g/t Au SWIFT - RDG NGM A’ SW23-005 3.0m @ 2.27 g/t Au 48.8m @ 0.45 g/t Au Incl: 18.3m @ 0.64 g/t Au SW20-003 3.4m @ 1.92 g/t Au Inc
Slide 14: Black Ridge
14 PARTNER PROJECTS Black Ridge (Previously Carlin-East) Optioned - Nevada Gold Mines 19.5 km2 Carlin Trend Land Package Carlin- Type Au-Ag Click Here NGM EARN-IN STRATEGIC LOCATION THE OPPORTUNITY 2024 OBJECTIVE US $10M earn-in agreement NGM budget of US $200k to ~4km down-strike of the Leeville Si
Slide 15: Nevada Gold Mines Earn-In
15 BLACK RIDGE Nevada Gold Mines Earn-In ▪ Deal structure provides Ridgeline with exposure to Black Ridge from discovery to project development with zero corporate dilution ▪ Second Ridgeline deal with NGM totaling US$40M in potential total expenditures across Black Ridge and Swift projects To view
Slide 16: Strategic Location
16 REN BLACK RIDGE 1.6Moz @ 6.6 g/t Au(9) Coyote (NGM) (100% RDG) Strategic Location Bell Creek (100% RDG) Black Ridge (NGM Earn-in) ▪ On-strike of NGM’s maiden inferred resource at Fallon (previously North Leeville) of 1.0 Moz. Au @ 11.3 g/t (9) Highlight Fallon Drill Intercepts Carlin Mine N 19 km
Slide 17: Leeville Schematic Long Section
17 BLACK RIDGE Leeville Schematic Long Section ▪ Nevada Gold Mines to spend US$200k on systematic field mapping, soil sampling and target generation in 2024 to support a maiden drill program in 2025 ▪ CE21-003 intersected unaltered Rodeo Creek Formation (a host at the Fallon discovery and Leeville -
Slide 18: Big Blue
18 PIPELINE PROJECTS Big Blue 41 km2 Land Package Porphyry & CRD Cu-Au-Ag ± Pb-Zn 100% OWNED HIGH-GRADE THE OPPORTUNITY 2024 OBJECTIVE 41km² land package covers past Delker Mine Trench Potential to discover porphyry/skarn • H1 – Geophysical surveys (3D IP) producing Delker Mine and is • 0.6m @ 15.5%
Slide 19: Historic Cu District
Delker Mine Trench 1 Produced 94k lbs. Cu @ 6.2% 0.6m @ 15.5% Cu, 0.2 g/t Ag, 0.1% Co 1916-1917(14) Within 2.4m @ 4.6% Cu, 0.5 g/t Ag, 0.06% Co 19 BIG BLUE 10.8% Cu, 0.1 g/t Au, 4.5 g/t Ag (Test Pit Sample) Delker Historic Cu District Mine 6.4% Cu, 0.2 g/t Au, 53.8 g/t Ag ▪ The Big Blue Project incl
Slide 20: Porphyry Zonation
Delker Mine Trench 1 Produced 94k lbs. Cu @ 6.2% 0.6m @ 15.5% Cu, 0.2 g/t Ag, 0.1% Co 1916-1917(14) Within 20 2.4m @ 4.6% Cu, 0.5 g/t Ag, 0.06% Co BIG BLUE Porphyry & Skarn Delker Cu-Au ± Ag-Co Porphyry Zonation Mine 10.8% Cu 5.8% Cu 6.4% Cu 5.5% Cu ▪ Porphyry’s exhibit systematic zonation Skarn Ska
Slide 21: Big Blue X-Section A-A'
21 BIG BLUE Big Blue X-Section A-A’ ▪ Magnetics inversion highlights untested Mag “high” down-dip of historical Delker Mine (porphyry/skarn target?) ▪ 3D IP Survey planned for Q2, 2024 to refine porphyry Cu targets at depth A Delker Mine A’ Stratigraphy Produced 94k lbs. Cu @ 6.2% 1916-1917(14) Allu
Slide 22: Cu Skarn Rock Chips
22 BIG BLUE Cu Skarn Rock Chips ▪ Historical mining at the Delker Mine targeted enriched oxide Cu skarn within 5 meters of the surface ▪ Historic operators did not explore under alluvial cover to target the potential porphyry Cu-Au source Sample #11 – 15.5% Cu Big Blue Cu Skarn Chrysocolla Chrysocol
Slide 23: Selena
23 PIPELINE PROJECTS Selena 39 km2 Land Package Carbonate Replacement Deposit Ag-Pb-Zn-Au ± Cu-W Click Here 100% OWNED HIGH-GRADE THE OPPORTUNITY 2024 OBJECTIVE 39km² land package located Chinchilla Zone Define a large open-pit and • Plan of Operations Exploration directly adjacent to Freeport- • 6.
Slide 24: Discovery Potential
24 SELENA Selena Discovery Potential CRD Discovery - Nevada Hilltop CRD Discovery - Nevada Selena (Ridgeline) Hermosa-Taylor OPEN 3.7km + Strike CRD Deposit - Arizona Discovery Holes (2021-2022 (2)) 6.1m @ 480 g/t Ag, 6.4% Zn, 12.0% Pb, 0.1 g/t Au – SE22-045 Cinco De Mayo 4.6m @ 421.0 g/t Ag, 3.7% Z
Slide 25: Selena CRD Checklist
25 SELENA Selena CRD Checklist Features Common to all Known Large CRD Deposits Location – Main Street CRD/Porphyry belt Location – Top of carbonate section (room to grow) Ag (+400 g/t), Au-Zn-Pb-Cu ± Mn-As-W… Multiple mineralization and alteration stages Large-scale zoning Presence of felsite dikes
Slide 26: District-Scale Property
26 Bald Mountain Mine SELENA (Kinross) District-Scale Property ▪ 39km² contiguous land package in the historic Limousine Butte mining district in FCX - JV Nevada FCX - JV FCX - JV ▪ Shared boundary with the Butte Valley Butte Valley Freeport – McMoRan & Falcon Butte JV) Porphyry, a US $33M Freeport
Slide 27: Porphyry Zonation
27 SELENA Selena Deposit Zonation Porphyry Zonation Chinchilla Multiple deposit types across 5 target areas Oxide Ag-Pb-Zn-Au 5 Highlight Drill Intercepts By Target 2 Broken Egg 1 3.0m @ 40.2 g/t Ag, 7.0% Pb-Zn, 3.0 g/t Au - SE22-037 1 Oxide Au 3 Chinchilla Juniper 6.1m @ 480.0 g/t Ag, 18.4% Pb-Zn,
Slide 28: Chinchilla Long Section A-A'
28 SELENA Chinchilla Long Section A-A’ ▪ Chinchilla zone exhibits both open-pit and underground potential over 3.7+ km of drilled strike that outcrops at surface Historical Butte Valley Drill Intercepts Broken Egg BV-14: 36.5m @ 0.2% Cu, 0.1 g/t Au, 0.5g/t Ag,(6) Oxide Au Chinchilla Sulfide Chinchil
Slide 29: Chinchilla Long Section A-A' – 3D Mag Inversion
29 SELENA Chinchilla Long Section A-A’ – 3D Mag Inversion ▪ Strong magnetic highs at the Skarn and Chinchilla Sulfide targets represent a priority exploration target Historical Butte Valley Drill Intercepts BV-14: 36.5m @ 0.2% Cu, 0.1 g/t Au, 0.5g/t Ag,(6) Broken Egg Oxide Au Chinchilla Sulfide Chin
Slide 30: Chinchilla Sulfide Target vs Taylor Sulfide Deposit
30 SELENA Chinchilla Sulfide Target vs Taylor Sulfide Deposit ▪ The Chinchilla Sulfide Target exhibits similar scale potential and proximity to a porphyry source as the Taylor Sulfide Deposit (South32 comparison is for illustrative purposes only) with hole SE22-037 & 038 highlighting discovery poten
Slide 31: New Porphyry Target
1a Selena RMI Magnetics Map 31 SELENA Chinchilla Oxide New Porphyry Target QFP Dikes Chinchilla Sulfide Target Selena Porphyry ▪ Subtle magnetic anomaly SE of the Chinchilla Butte Valley Porphyry Skarn Anomaly Target Oxide zone was identified in 2023 drone magnetics and correlates directly with a pr
Slide 32: Selena Inclined Long Section – Porphyry Target
32 SELENA Selena Inclined Long Section – Porphyry Target ▪ The Chinchilla Sulfide and Oxide zones are both directly adjacent to porphyry centers SE22-037 3.0m @ 266.0 g/t AgEq And: 3.0m @ 605.3 g/t AgEq SE23-047 SE22-045 Chinchilla 60.7m @ 175.2 g/t AgEq 6.1m @ 1,137.2 g/t AgEq Oxide SE22-038 LB-072
Slide 33: Inclined X-Section – Porphyry Target
33 SELENA Inclined X-Section – Porphyry Target Chinchilla LB-072 Oxide 7.7m @ 938.9 g/t AgEq SE22-045 6.1m @ 1,137.2 g/t AgEq Mag-Low SE22-039A 1.5m @ 581.0 g/t Ag, 2.2 W, 0.5% Cu SE23-050 0.1m @ 3,335 g/t Ag, 1.3% Pb, 1.1% Cu, 3.4% W Selena Porphyry Anomaly QFP dikes (sourced from Selena Porphyry?)
Slide 34: 2024 Exploration Strategy
DIVERSIFIED PROJECT PIPELINE 34 2024 Exploration Strategy FLAGSHIP CRD DISCOVERY Targeting open-pit & underground Ag-Pb-Zn-Au (CRD) deposit PARTNER PROJECTS 2024 drilling to test the Chinchilla Swift - US $30M NGM earn-in Sulfide target (RDG or partner-funded) Black Ridge – US $10M NGM earn-in 2024
Slide 35: Contact
35 PRESIDENT & CEO INVESTOR RELATIONS Chad Peters, P.Geo David Jan 775-304-9773 604-828-2255 cpeters@ridgelineminerals.com info@ridgelineminerals.com TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0 ridgelineminerals.com
Slide 36: Directors & Advisors
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 36 Directors & Advisors Chad Peters, President, CEO & Director Duane Lo, CFO & Director 15 years of exploration and production experience. Co-founded 20+ years International accounting and financial management Ridgeline in 2018, former exploration manager for Pr
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