Slide 1: Marg Copper-Rich VMS Project, Yukon Territory
MARG COPPER-RICH VMS PROJECT YUKON TERRITORY May 2024 TSX-V: AZR
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looki
Slide 3: Overview: Marg Project
Overview: Marg Project High-grade copper-rich VMS project with significant gold and silver credits High-grade copper and precious metals - rich Volcanogenic Massive Sulphide (“VMS”) deposit located within the historic Keno Hill Silver District of Canada’s Yukon Territory Several VMS mineral occu
Slide 4: Overview: Leadership
Overview: Leadership Board of Directors and Executive Team Director of Northern Lights Resources Corp. (CSE: NLR) Gordon Tainton (President, CEO & Director) Senior management and board positions in public and private mining companies Formerly President and CEO of Azarga Uranium (TSX:AZZ) (2015
Slide 5: Overview: Leadership - Advisors
Overview: Leadership Advisors Experienced mining company CEO and Director Alexander Molyneux CEO Galena Mining (ASX:G1A) (2018 – 2021), CEO Paladin Energy (ASX:PDN) (2015 – (Advisor) 2018), Non-Executive Chairman of Argosy Minerals (ASX:AGY) (2016 – 2022), and Non- Executive Director of Metalla
Slide 6: Overview: Capitalization
Overview: Capitalization Capitalization Shares outstanding1 Shares outstanding1 36.4m Share price (TSX-V: AZR)1 C$0.035 / share Market capitalization (CAD) C$1.27m Cash2 C$48k Share ownership by directors, management and insiders – 51% Note: 1. As at April 30, 2024 (excludes options and warrants).
Slide 7: Why the Marg Project excites us
Marg Project Why the Marg Project excites us… High-grade copper and precious metals rich VMS deposit in Keno Hill Silver District, Yukon Excellent potential to extend and expand the defined Marg deposit Marg mineralization remains open along strike and down-dip; thickest part remains open down
Slide 8: Location, Access and Infrastructure
Marg Project Location, Access and Infrastructure Grid Power Significant infrastructure advantages Only 40 km road (winter) from Keno City Grid power (Yukon Energy hydro power) Airstrip on site Access to Skagway, Alaska port All-season highway access between Whitehorse and Keno City Por
Slide 9: Historical Resource Estimate
Marg Project Historical Resource Estimate Category Tonnage Cu% Pb% Zn% Ag g/t Au g/t (Mt) Indicated 3.7 1.5 2.0 3.8 48 0.76 Inferred 6.1 1.2 1.7 3.4 44 0.74 Note 1. At a 0.5% copper equivalent cut-off. Note 2. Where CuEq% was calculated = Cu% + 0.28 Pb% + 0.32 Zn% + 0.39 Au g/t + 0.0055 Ag g/t, whic
Slide 10: Regional Geology and Exploration History
Marg Project Regional Geology and Exploration History Located near the northern margin of Selwyn Basin Felsic-hosted VMS deposits occur throughout the Cordillera from Mexico to Alaska Victoria Gold & Alexco Resources Marg deposit consists of a series of continuous to discontinuous folded sheet
Slide 11: Geological Map and Cross-Section showing Regional Setting of the Marg VMS Deposit
Marg Project Geological Map and Cross-Section showing Regional Setting of the Marg VMS Deposit –7 Source: Historic Marg Project PEA and Technical Report; see Appendix 10
Slide 12: GEMS Cross-Section looking east
Marg Project GEMS Cross-Section looking east Mineralization occurs at and/or near the contact between the footwall felsic metavolcanic rocks and the hanging wall argillaceous sediments Mineralization hosted within wedge-shaped succession dominated by felsic metavolcanic rocks Appears tightly f
Slide 13: Results and Interpretation of the 2022 Induced Polarization Survey
Marg Project Results and Interpretation of the 2022 Induced Polarization Survey Two zones were identified in the interpretation, Zone A (not drill tested) lying to the north of Zone B (where historical resource identified) Zone A interpreted as the probable “up-dip” near surface mineralized Marg
Slide 14: Exploration Upside
Marg Project Exploration Upside Marg mineralization remains open along strike, down-dip and down plunge Marg Drilling could extend known Marg mineralization in areas where there is promising evidence for the deposit continuing Jane Marg deposit discovered by GSC regional stream sediment and fo
Slide 15: Exploration Upside – Next steps
Marg Project Exploration Upside – Next steps Next steps: Drill Marg extensions and the highly prospective Jane Zone geophysical targets Proposed Marg M2022 series drill holes testing 2021 interpretation– Gemcom 3D View Looking North Cu assay bars along drill hole traces Zn assay bars along drill
Slide 16: Proposed M2022 series drill holes: Favourable VMS horizons on Geology
Marg Project Exploration Upside – Proposed M2022 series drill holes: Favourable VMS horizons on Geology 15
Slide 17: Proposed M2022 drill holes: VMS Horizons and Ag in soil anomalies
Marg Project Exploration Upside – Proposed M2022 series drill holes: VMS Horizons and Ag in soil heat map anomalies 16
Slide 18: Historic and Historic Proposed drill holes on Geology
Marg Project Exploration Upside – Historic and Historic Proposed drill holes on Geology Strong potential for additional VMS deposits along strike, especially in Jane Zone area Proposed drilling within selected target boxes will be focused on: Exceptionally strong Ag-Tl-Pb-Cu-Ba in soil anomali
Slide 19: Community Engagement
Marg Project Community Engagement Yukon has an established and supportive mining community The Marg Project lies within the Keno Hill Silver District within the traditional territory of the First Nation of Na-Cho Nyàk Dun (“FNNND”) FNNND have multiple active mining and exploration groups opera
Slide 20: TSX-V: AZR contact details
Unit 1 – 15782 Marine Drive White Rock, B.C. V4B 1E6 Canada 604-536-2711 Twitter: @AzargaMetals Email: info@azargametals.com www.azargametals.com TSX-V: AZR
Slide 21: Appendix: Marg Project historical resource estimate disclosure
Appendix Marg Project historical resource estimate disclosure In accordance with Section 2.4 of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101) and despite Section 2.2 an issuer may disclose a historical estimate, using the original terminology, if the disclosure