Slide 1: Carrizal Property Technical Presentation
Carrizal Property Region de Atacama, Chile IOCG Cu-Au-Co Technical Presentation August 2024 CSE:RMES OTC:RMESF FSE:I660
Slide 2: Forward Looking Statements
Forward Looking Statements Terms of Use and Disclaimer This document and the information contained herein is being provided for the sole purpose of providing the recipients with background information about Red Metal Resources Ltd. (“Red Metal” or the “Company). The Company has made reasonable effor
Slide 3: Opportunity Highlights
Opportunity Highlights Red Metals Resources Ltd. is a Canadian-listed junior mining company on the CSE (RMES), OTC (RMESF) and FSE (I660) Management and Board with strong experience in exploration, mining, capital markets and Chilean jurisdictional expertise Mining friendly jurisdiction Pote
Slide 4: Carizzal Property Overview
Carizzal Property Overview Two project areas: Farellon (south) and Perth (north) Located in the Carrizal Alto Mining District, “Region de Atacama”, Coastal Cordillera Infrastructure Advantage: • 150km south of Copiapo & 20km west of Pan-American Highway • 45 minutes from Vallenar, population 5
Slide 5: Carizzal Property Site Visit June 2024
Carizzal Property Site Visit June 2024 www.redmetalresources.com 5 CSE:RMES OTC:RMESF FSE:I660
Slide 6: Carizzal Property Site Visit June 2024
Carizzal Property Site Visit June 2024 www.redmetalresources.com 6 CSE:RMES OTC:RMESF FSE:I660
Slide 7: Adjacent Historical Mine
Adjacent Historical Mine Carrizal Alto Mine is adjacent and east of Red Metal’s Carrizal Property The mine operated from 1820’s to 1891 with more than 3Mt (grading 5-15%) copper extracted Deepest parts of the mine are recorded to be 500m Carrizal Alto Mine Video www.redmetalresources.com 7 C
Slide 8: Farellon Project
Farellon Project IOCG vein deposit along a major NE fault zone Quartz-calcite veins with chalcopyrite, bornite and chalcocite sulphide mineralization Mineralized veins 3-6m wide with a 15-20m halo of lower grade mineralization > 9,000m of drilling (1996-2022) Drill verified: ~1.5km mineral
Slide 9: Farellon Project Surface Geochemistry
Farellon Project Surface Geochemistry* Copper Cobalt Gold Farellon Farellon Farellon Project Project Project *Management cautions that prospecting surface rock Surface Sample Highlights (1996-2022): samples and associated assays, as discussed herein, are • Located within RMES claims:1996 – 25 samp
Slide 10: Farellon Project 1996 – 2009 highlights
Farellon Project 1996 – 2009 highlights Property wide mapping and surface sampling identified >10km of mineralized vein at surface Drilling: 27 RC drill holes (4,643m) Key Highlights: Confirmation of ~1.5 km strike length of mineralization • FAR-96-009, 11m @ 1.30% Cu, 0.73g/t Au, 0.04% Co • FAR-9
Slide 11: Farellon Project 2011 highlights
Farellon Project 2011 highlights 2011: 11 drill holes RC & DD (2,233m) 2013: 2 drill holes RC (116m ) Key Highlights: 12 of 13 holes intersected mineralization and continue to confirm target grades • FAR-11-006, 32m @ 1.35% Cu, 0.99g/t Au, 0.02% Co • FAR-11-001, 13m @ 2.51% Cu, 0.35g/t Au, 0.06% C
Slide 12: Farellon Project 2022 highlights
Farellon Project 2022 highlights 8 drill holes targeted Farellon Shear & 1 drill hole targeted Gorda Vein (total DD 2,010m) Continuation of vein mapping & surface sampling (150 samples) UPDATE to match previous slide Chalcopyrite primary; FAR-22-020: photo within 139.9-147.7m 7.8m @ 0.83% Cu/0.09% C
Slide 13: Farellon Project Geological Model (Farellon Shear)
Farellon Project Geological Model (Farellon Shear) www.redmetalresources.com CSE:RMES OTC:RMESF FSE:I660 13
Slide 14: Farellon Project Cobalt and Other Metals
Farellon Project Cobalt and Other Metals IOCG Copper mineralization in Chile is often associated with gold, silver and cobalt Early drill programs and associated samples at Farellon were not all assayed for silver or cobalt At Farellon cobalt targets have been identified from recent surface sa
Slide 15: Farellon Project Summary
Farellon Project Summary 1,234ha of mining claims with 5 km of strike length of vein mapped on surface Farellon Veins extend along strike from the historic Carrizal Alto mine Carrizal Alto Mining Complex reached a peak of 3,600 tons of copper produced in 1878 Convenient Location: 45 minutes
Slide 16: Perth Project Exploration Highlights
Perth Project Exploration Highlights Fault-related Cu-Au-Co bearing quartz veins 2011 prospecting and mapping program: Identification of 12 veins with high-grade Cu & Au averaging 2m in thickness (up to 6m wide locally; Cachina Zone) 48 samples >1 g/t Au 46 samples >1% Cu 19 samples >0.05% Co
Slide 17: Perth Project Geochemistry
Perth Project Geochemistry Red Metal Resources & 3rd Party Campaigns (2007-2014) Gold Copper Cobalt www.redmetalresources.com 17 CSE:RMES OTC:RMESF FSE:I660
Slide 18: Future Plans
Future Plans The Carrizal Copper Property is a post-discovery high-grade copper exploration play. The existing projects include Perth and the 100%-owned Farellon IOCG* Cu-Au-Co property in Chile (subject to a 2.5-3% royalty). 2024 Plans Project exploration and deposit development: High Resolution
Slide 19: Royalty Structure
Royalty Structure Concession Name Concession Type NSR 2nd NSR Total NSR Southern Claim Block: Farellon Farellón Alto 1-8 Mensura 1.5* 1.5 3.0 Cecil 1-49 Mensura 2.5 2.5 Azúcar 6-25 Mensura 2.5 2.5 Kahuna 1-40 Mensura 2.5 2.5 Stamford 61-101 Mensura 2.5 2.5 Teresita Mensura 2.5 2.5 Quina 1-56 Mensura
Slide 20: Artisanal Mining on the Farellon Project
Artisanal Mining on the Farellon Project Mining agreement with local artisanal miner (December 2013 - 2017) for artisanal mining on the Farellon Artisanal Mining property in exchange for a 10% gross sales royalty Mined vein averages 5m in width; 100m strike length New miner commenced activitie
Slide 21: The Chilean Advantage the Coastal Cordillera
The Chilean Advantage the Coastal Cordillera A mining focused country Coastal Cordillera and the world’s largest advantage: lower When Chilean exploration producer of copper The Atacama Desert has elevation, proximity to focus moved to the high Andes the largest ports, lower cost of & the giant low-
Slide 22: Management & Board of Directors
Management & Board of Directors Brings more than 20 years of experience in the exploration industry working for several junior and major mining Caitlin Jeffs, P. Geo companies in both gold and base-metal exploration and as a founding partner of Fladgate Exploration Consulting CEO & Director Experi
Slide 23: Capital Structure
Capital Structure CSE:RMES OTC:RMESF FSE:I660 CAD Share Price as of Aug 16, 2024 $0.06 Market Capitalization $1.92M Issued & Outstanding Shares 32.0M Fully Diluted 32.6M Management & Insiders ~35% www.redmetalresources.com 23 CSE:RMES OTC:RMESF FSE:I660
Slide 24: Contact
Contact Red Metal Resources Ltd. C/Clark Wilson LLP 900-885 West Georgia Street Caitlin Jeffs, P.Geo Vancouver, BC, V6C 3H1, Canada CEO & Director T: 1.604.891.7742 (807) 251-9168 redmetalresources.com caitlin.jeffs@redmetalresources.com invest@redmetalresources.com Marian Myers, P.Geo Director (604