Idaho Strategic Resources, Inc. · AMEX:IDR
Idaho Strategic Resources — Investor Presentation (March 2022)
28 slides from Idaho Strategic Resources's investor presentation, March 2022
Slide 1: Idaho Strategic Resources
201 N 3rd St. Coeur d’Alene, ID 83814 www.idahostrategic.com NYSE American: IDR
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Forward Looking Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
Slide 3: Share structure as of March 7, 2022
All information as of: Mar. 7th, 2022 Issued/Outstanding: 11,330,236 Employee Options: 492,889 Warrants: 636,386 Cash if Exercised: $3,118,291 Convertible Note: 392,866 _ Fully Diluted: 12,852,377
Slide 4: Strategic Value: Gold + REEs
Strategic Value: Gold + REES — seamerican: ior idahostrategic.com 2 Year Chart - IDR vs Others Company Date % Change ll Idaho Strategic Resources Dec. 31 ‘21 291.0% (|) VanEck Rare Earth ETF Dec. 31 ‘21 178.5% GS Hecla Mining Co. Dec. 31 ‘21 53.83% M9) Yamana Gold Inc. Dec. 31 ‘21 6.84% Hl Barrick G
Slide 5: Globally 1st in Mining Policy & 7th Best Mining Jurisdiction
Globally 1st in Mining Policy & 7th Best Mining Jurisdiction1 Golden Chest Mine • Targeting 20k-25k oz gold production • Estimating a 10-year mine life • Located in the Murray Gold Belt Murray Gold Belt • World-Class Coeur d’Alene Mining District • Orogenic intrusive related mineralization • 1,500ac
Slide 6: Operations + District Exploration
Operations + District Exp. NYSE American: IDR idahostrategic.com ) vis LEGEND a MURRAY GOLD BELT __NUMC Patented & Lease NJMC-Unpatented Private Land ke Prospects Samples - Gold in gpt © 0-1 gptAu © 1-5 gpt Au © 5-75 gpt Au ° 500 N —= Meters COMPANY HOLDINGS IN MURRAY GOLD BELT 1,500 acres of Patent
Slide 7: Golden Chest Long Section
Golden Chest Long Section — se american: wr idahostrategic.com Looking East Conceptual Klondike | Workings Klondike Pit ’" Idaho Pit Conceptual _ = 4 Paymaster 5 = ; Workings Legend . = fifo Shoot e ¢ e 2 ee e _ . > > ¢ South Portal @ 2 wg = : ) Drill Intercepts ci me Sd ae a ° BM conceptual Working
Slide 8: Recent Drilling Results to be Incorporated into New Resource Estimate
Recent Drilling Results to be Incorporated into New Resource Estimate: Klondike: Drilling Indicates Potential for Bulk Mineable Zone Paymaster: Drilling Revealed Two Narrow, High Grade Veins Klondike Zone Intercepts Joe Dandy & Paymaster Intercepts (drilled thickness) (true thickness) GC 21-203: 14.
Slide 9: Targeted Production Increase
*Estimated Production following Expansion and Development from Paymaster, Klondike, and Skookum Ore Shoots Targeted Production Increase Gold Production: 20,000 – 25,000 oz Annually Assumed AISC: $1,300 oz +/- Est. Mine Life: 10 years at Planned Production Rate 1. Production from the Skookum Shoot is
Slide 10: New Mill, Paste Backfill, and Tailings Facility
*Currently transport ore from Golden Chest Mine to New Jersey Mill New Mill, Paste Backfill, and Tailings Facility • 400 tonne per day (tpd) flotation mill and paste backfill plant to be built on-site • Expansion potential up to 1,000 tpd • Expected to serve the Golden Chest Mine and future deposits
Slide 11: Anticipated production contingent on project financing
*Anticipated production, improved grades and decreased production costs are contingent upon successful project financing and development of the Paymaster, Klondike and Skookum Ore Shoots. Actual results and developments could be affected by development risks and production delays, rising cost of lab
Slide 12: Murray Gold Belt Drilling and Eastern Star Drilling
Murray Gold Belt Drilling Eastern Star Drilling North Idaho: Central Idaho: Patented Land - 1,500 acres Patented Land - 220 acres Est. Budget: $450k Est. Budget: $450k Est. Start: Summer of 2022 Est. Start: Summer of 2022 Property Highlights: Property Highlights: Numerous Historic Gold Mines Numerou
Slide 13: Butte Highlands Mine
Butte Highlands Mine Idaho Strategic Resources owns a 50% interest in the Butte Highlands Joint Venture (BHJV) which owns the Butte Highlands Gold Project Joint Venture Agreement: • JV Partner to fund all development costs associated with bringing the mine into production • IDR’s share of costs to b
Slide 14: Global Rare Earth Element Production
To review, in early 2020, while still consolidating the Murray Gold Belt and growing our gold production profile, we theorized that the newly minted pandemic would pull forward the timeline in regard to the reality surrounding the raw materials required of a low-carbon future by at least a decade. -
Slide 15: Lemhi Pass: #1 Thorium District in the U.S.
Lemhi Pass: #1 Thorium District in the U.S. Lemhi Pass REEs in Idaho discovered by the Govt. during the Cold War Uranium vs Thorium race • Uranium won –Plutonium for Cold War bombs • Thorium –“Greener” alternative Significant REE occurrences throughout the district
Slide 16: Everyone has the Same Plan
Everyone has the Same Plan3 The United States Currently imports 100% of its rare earth elements Plan: 50% of cars sold in the US are electric vehicles by 20305 The European Union Currently imports 98% of its rare earth elements5 Plan: Give automakers a stop sale date for internal combustion engines
Slide 17: China controls 95% of global rare earth production
China controls 95% of global rare earth production and 85-90% of rare earth processing capabilities… By comparison, OPEC controls 41% of global oil production8 China recently merged 3 of the ‘Big 6’ Chinese rare earth mining companies and the Ganzhou Chinese Rare Metal Exchange to create one massive
Slide 18: Rare earth content of turbines, jets and electric vehicles
Wind Turbine 4,000lbs of REEs10 U.S. F-35s Fighter Jet 1,000lbs of REEs11 Electric Vehicle 20-25lbs of REEs11 *Current rare earth supply won’t meet 50% of forecasted electric vehicle demand within 10-15 years11
Slide 19: USGS Map — US REE Resources
USGS Map — US REE Resources2 —_‘X¥SE American: IDR idahostrategic.com Diamond Creek, Roberts, and Lemhi Pass; 3 of the top 10 REE deposits as listed in our U.S. strategic mineral inventory identified by the USGS Elk Creek ‘The Principal Rare Earth Elements Dopesits of the United States—A Summary of
Slide 20: Diamond Creek and Roberts
Diamond Creek • USGS calculated resource (1979) • REE veins with ½ mile strike • Core drilling summer of 2022 Roberts • REE mineralization in carbonatite • 1,200 feet strike, 30 feet wide • High-grade REEs up to 21.5% • Neodymium, Yttrium, Praseodymium • Gold and Niobium by-products REE Programs • E
Slide 21: Diamond Creek land package and USGS resource
Land package - 1,040 acres of unpatented claims Project contains 1979 USGS estimated Total Rare-Earth Oxides (TREO) ore resource: • 70,800 metric tonnes12, with grade of 1.22 % Recent IDR surface sampling meet/exceed 1% TREO REE veins occur along a trend 2.5 miles long and 0.5 mile wide Drill progra
Slide 22: Roberts land package and REE mineralization
Land package – 1,051 acres unpatented claims • REE mineralization associated with high-grade carbonatites Idaho Geological Survey sampling has total REE grades up to 21.5%13 • IDR samples assay up to 1.67% Neodymium Neodymium, Praseodymium and Samarium occur on the property in abundance Alkaline int
Slide 23: Projects Underway: Earth MRI and IGEM
Projects Underway: Earth Mapping Resource Initiative (Earth MRI): United States Geologic Survey (USGS), Association of American State Geologists, and other Federal, State, and Private Co.’s Project Focus: To Provide airborne survey mapping, magnetic and radiometric signatures to industry • When – Fa
Slide 24: The Idaho Solution
The Idaho Solution NYSE American: IDR idahostrategic.com IGEM Project Development of Idaho-Sourced Rare Earth Elements Drilling and Extraction Amin Mirkouei, Assistant Professor, University of Idaho, ID (Principal Investigator) John Swallow and Robert Morgan, Idaho Strategic Resources, ID (Industry
Slide 25: Local Solutions to our Domestic Challenges
Local Solutions to our Domestic Challenges Store of Value: Gold – Store of Value for over 2,000 years and a Hedge against inflation Technology Metals: Rare Earth Elements - Required building blocks of a low-carbon future and restoring national security
Slide 26: Our Approach to ESG
Our Approach to Environmental, Social, and Governance (ESG) “It is our belief that successful operations begin with the heightened responsibility that only local oversight and a community mindset can provide. That the established outsider approach toward offshoring environmental damage and irrespons
Slide 27: REE: Low-Carbon Future resources
REE: Low-Carbon Idaho Geologic Neodymium Demand REE Future Article Survey (IGS) Report Video Clean Energy Mining Video
Slide 28: Source references
1. https://www.fraserinstitute.org/sites/default/files/annual-survey-of-mining-companies-2020.pdf 2. https://pubs.usgs.gov/sir/2010/5220/ 3. https://phoventus.com/wp-content/uploads/2018/03/The-Growing-Role-of-Minerals-and-Metals-for-a-Low-Carbon-Future.pdf 4. https://www.cnbc.com/2021/08/05/biden-p
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