Wallbridge Mining Co. Ltd. · TSX:WM
Wallbridge Mining — Shareholder Meeting (June 2023)
35 slides from Wallbridge Mining's shareholder meeting presentation, Jun 8, 2023
Slide 1: Growing Gold Resources in Quebec's Abitibi
TSX: WM OTCQX: WLBMF Growing Gold Resources in Quebec's Abitibi ANNUAL GENERAL MEETING – June 8, 2023 wallbridgemining.com
Slide 2: Abitibi Greenstone Belt
Abitibi Greenstone Belt North vs. South Northern vs. Southern Abitibi ― Similar geology ― World-Class Potential demonstrated (40 Moz Detour Lake) ― Less exploration maturity due to: ○ Less accessible in the past ○ Farther from urban centers ○ No surface outcrops (see next slide) Northern Abitibi, re
Slide 3: District Scale – Fenelon Gold Trend
District Scale – Fenelon Gold Trend Multi-Million Ounce Potential Detour Lake Mine (Agnico Eagle Mines) 40 Moz Au Endowment Wallbridge 2023 GROWTH POTENTIAL Mineral Resource Estimate 2 GOLD Fenelon Gold DEPOSITS 2.37 Moz Au Indicated 1.72 Moz Au Inferred TOP Martiniere Gold JURISDICTION 0.68 Moz Au
Slide 4: Our People
Our People Our #1 Asset TSX: WM | OTCQX: WLBF 4
Slide 5: Our Team
Our Team Diverse and Complementary Backgrounds Brian Christie Alar Soever Michael Pesner Danielle Giovenazo Marz Kord Brian W. Penny Attila Péntek Director Director Director Director President & CEO Chief Financial Officer Vice President Exploration Parviz Farsangi Janet Wilkinson Jeffrey Snow Shawn
Slide 6: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Information This presentation of Wallbridge Mining Company Limited ("Wallbridge" or the "Company") contains forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is ba
Slide 7: Disclaimer
Disclaimer Information Concerning Estimates of Mineral Resources The disclosure in this presentation and referred to herein was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). The terms "measured mine
Slide 8: District Scale – Fenelon Gold Trend
District Scale – Fenelon Gold Trend Multi-Million Ounce Potential Detour Lake Mine (Agnico Eagle Mines) 40 Moz Au Endowment Wallbridge 2023 GROWTH POTENTIAL Mineral Resource Estimate 2 GOLD Fenelon Gold DEPOSITS 2.37 Moz Au Indicated 1.72 Moz Au Indicated TOP Martiniere Gold JURISDICTION 0.68 Moz Au
Slide 9: Project Timeline
Project Timeline From Discovery MRE at Fenelon & Martiniere MRE at Fenelon & Martiniere NOV 2021 JAN 2023 Maiden MRE at Fenelon Updated MRE at Fenelon 2.13 Moz Indicated 2.37 Moz Indicated (84% grade increase) Major Discovery 1.47 Moz Inferred 1.72 Moz Inferred (85% grade increase) MRE update at Mar
Slide 10: Focus on a Sustainable Growth Strategy
Focus on a Sustainable Growth Strategy Detour-Fenelon Gold Trend Cut-off Grade Grade Troy Ounces Change from 2021 MRE Detour-Fenelon Gold Trend Detour Total Contained Ounces Category Metric Tonnes (t) Fenelon (Au g/t) (Au g/t) (oz Au) Au g/t Ounces Gold Trend 6,000,000 in Pit > 0.45 727,400 4.46 104
Slide 11: 2022 Year in Review
2022 Year in Review Unlocking The Value… Strategic Land Package ― Completed ~ 140,000 metres of diamond drilling ― Completed ~30,000 metres sampling of previously unsampled core ― Released updated mineral resource ― Estimate for Fenelon and Martiniere - 3.05 Moz. Indicated and 2.35 Moz Inferred (Jan
Slide 12: 2023 Outlook
2023 Outlook Expanding Current Resources While We Continue to Unlock the Regional Exploration Value $36 million expenditure with ~50,000 metres of drilling focusing on: ― Expansion of existing resources at Fenelon & Martiniere (large step-out drilling) ― Exploration for discovery of new deposits 202
Slide 13: ESG
ESG Continuous Improvement ― Local sourcing from Abitibi to every extent possible ― 2019 gold award in health & safety from the PDAC ― Local hiring from Abitibi and surrounding First ― Prioritizing EHS system evolution Nation communities ― Stringent COVID-19 measures and testing protocols Social ― S
Slide 14: Supportive Shareholder Base
Supportive Shareholder Base Share Structure 52-Week Trading Range $0.12-$0.285 Shares Outstanding - Basic 934.5M Shares Outstanding - Fully-diluted* 968.1M Cash & Cash Equivalents - 31/03/2023 ~30.5M Analyst Coverage *28,460,012 options outstanding with an exercise price of $0.35 and a weighted aver
Slide 15: Focus on a Sustainable Growth Strategy
Focus on a Sustainable Growth Strategy Detour-Fenelon Gold Trend Cut-off Grade Grade Troy Ounces Change from 2021 MRE Detour-Fenelon Gold Trend Detour Total Contained Ounces Category Metric Tonnes (t) Fenelon (Au g/t) (Au g/t) (oz Au) Au g/t Ounces Gold Trend 6,000,000 in Pit > 0.45 727,400 4.46 104
Slide 16: 2023 Exploration Program
2023 Exploration Program ...Expanding the Deposit Footprints and Advance Exploration Pipeline Martiniere 23,500 m diamond drilling + Geophysics, Fieldwork Fenelon 15,000 m diamond drilling + Technical Studies (Metallurgy etc.), Permitting, Environmental Regional 11,000 m diamond drilling + Geophysic
Slide 17: 2023 Exploration Program
2023 Exploration Program Initial Results Identify Two New Gold Zones at Fenelon “The Target 1 intersection, located in a newly-discovered Jeremie Diorite body, has now opened up a new area for future exploration and shows the excellent potential to significantly expand the known extent of the minera
Slide 18: 2023 Exploration Program
2023 Exploration Program New Gold-bearing Jeremie Diorite and Extensions of Known Zones at Fenelon TSX: WM | OTCQX: WLBF 18
Slide 19: 2023 Exploration Drilling
2023 Exploration Drilling Martiniere Exploration Drilling TSX: WM | OTCQX: WLBF 19
Slide 20: Focus on a Sustainable Growth Strategy
Focus on a Sustainable Growth Strategy Continuously Improving Quebec, Canada Significant Gold Endowment Ranks #8 by Fraser Institute (2022) Property hosts the Fenelon & Martiniere Gold Deposits ― Sought after jurisdiction for mining and investment ― Combined resources of 3.05 ― Good access to labour
Slide 21: Questions
TSX: WM OTCQX: WLBMF Questions Contact Marz Kord, President & CEO Victoria Vargas, Capital Markets Advisor Information: E: mkord@wallbridgemining.com E: vvargas@wallbridgemining.com @WallbridgeWM @WallbridgeMining wallbridgemining.com 21
Slide 22: Appendix
Appendix Solid team in place for future growth along the Detour Fenelon Gold Trend 22 22
Slide 23: Abitibi Greenstone Belt
Abitibi Greenstone Belt Overburden Thickness Map Mapped Surface Outcrops ― Discovered: 1994-1997 ― +5M oz Au known endowment on Quebec side (Wallbridge land package); 40 Moz at Detour Lake ― Very few outcrops ― Discovered: 1906 - 1911 ― Northwestern Abitibi covered with deep overburden, ― +100M oz A
Slide 24: Detour-Fenelon Gold Trend Mineral Resources
Detour-Fenelon Gold Trend Mineral Resources Detour Lake Mine Fenelon Gold 0.68 Moz Au Indicated Agnico Eagle Mines Detour East 0.63 Moz Au Inferred 2.37 Moz Au Indicated 20.4 Moz Au P&P Reserves Joint Venture with 1.72 Moz Au Inferred 14.2 Moz Au M&I Resources Agnico Eagle Mines 97km strike length D
Slide 25: 2023 Mineral Resource Update
2023 Mineral Resource Update 2023 Open pit shells 2023 Open pit shells 2023 MRE Main Gabbro Northwest ― Smaller open pits 90-150 m deep 250 m depth ― Predominately underground resource ― 58% of resource in Indicated category Southeast 2023 Underground Significant additions Mineral Resources 2023 Jer
Slide 26: Why Underground Bulk Mining?
Why Underground Bulk Mining? Open Main Gabbro Tabasco-Cayenne Zones Tabasco-Cayenne Jeremie Zones Diorite Area 51 Zones Jeremie 100 m Diorite Open Area 51 Zones 100 m Tabasco-Cayenne Zones Plan view, 600 m depth Area 51 Zones Plan view, 475 m depth ― Excellent along strike and down-dip continuity al
Slide 27: Fenelon Gold vs. Other Abitibi Deposits
Fenelon Gold vs. Other Abitibi Deposits Gold Concentration – Ounces per Vertical Metres TSX: WM | OTCQX: WLBF 27
Slide 28: 2023 Mineral Resource Update
2023 Mineral Resource Update Fenelon Gold Project – Bulk Mineable Looking West Looking North Looking North Growth Growth Potential Potential Credit: Alamos Gold Corporate Presentation Fenelon Underground Alamos Gold's Young Davidson ― 21.67M tonnes @3.40 g/t - 2.37M Oz Indicated* ― Mineral Resource
Slide 29: Fenelon Gold vs. Other Abitibi Deposits
Fenelon Gold vs. Other Abitibi Deposits Gold Concentration – Ounces per Vertical Metres Goldex Young-Davidson Wasamac Fenelon Agnico Eagle Mines Alamos Agnico Eagle Mines Wallbridge Mining Stage Production/2008 Production/2012 Feasibility/2021 Resource Deposit Type Vein Stockworks Vein Stockworks Sh
Slide 30: Detour-Fenelon Gold Trend Mineral Resources
Detour-Fenelon Gold Trend Mineral Resources Detour Lake Mine Fenelon Gold 0.68 Moz Au Indicated Agnico Eagle Mines Detour East 0.63 Moz Au Inferred 2.37 Moz Au Indicated 20.4 Moz Au P&P Reserves Joint Venture with 1.72 Moz Au Inferred 14.2 Moz Au M&I Resources Agnico Eagle Mines 97km strike length D
Slide 31: 2023 Mineral Resource Update
2023 Mineral Resource Update Martiniere Gold Project 2023 2021 Increase from 2021 Martiniere Gold Property Tonnes Au g/t Ounces Tonnes Au g/t Ounces Au g/t Ounces Indicated 7,757,700 2.14 534,100 6,583,000 2.00 422,800 7% 26% Open Pit Inferred 2,652,400 1.83 156,400 1,406,700 1.81 81,900 1% 91% Indi
Slide 32: 2023 Mineral Resource Update
2023 Mineral Resource Update Gold Price Sensitivity Analysis ‒ Fenelon Cut-off Grade Troy Ounces Detour Fenelon Gold Trend Category Metric Tonnes (t) Grade (Au g/t) Change from 2021 MRE (Au g/t) (oz Au) in Pit > 0.45 727,400 4.46 104,400 209% -92% Indicated UG > 1.50 20,931,700 3.37 2,265,200 4% 176
Slide 33: 2023 Mineral Resource Update
2023 Mineral Resource Update Gold Price Sensitivity Analysis ‒ Martiniere 2023 2021 Parameters Unit Value Parameters Unit Value Gold Price US$/oz 1,600 Gold Price US$/oz 1,607 Exchange Rate CA$/US$ 1.3 Exchange Rate CA$/US$ 1.3 Fenelon Fenelon Metallurgic Recovery % 95.00 Metallurgic Recovery % 96.0
Slide 34: 2023 Mineral Resource Update
2023 Mineral Resource Update Gold Price Sensitivity Analysis ‒ Fenelon FENELON (All Zones) Gold Price Cut-off Grade Tonnes Grade Troy Ounces Cut-off Grade Tonnes Grade Troy Ounces (US$/oz) (gt/Au) (t) (g/t Au) (oz Au) (g/t Au) (t) (g/t Au) (oz Au) Indicated Resources 1,920 in Pit > 0.35 817,500 4.06
Slide 35: 2023 Mineral Resource Update
2023 Mineral Resource Update Gold Price Sensitivity Analysis ‒ Martiniere MARTINIERE (All Zones) Gold Price Cut-off Grade Tonnes Grade Troy Ounces Cut-off Grade Tonnes Grade Troy Ounces (US$/oz) (gt/Au) (t) (g/t Au) (oz Au) (g/t Au) (t) (g/t Au) (oz Au) Indicated Resources UG (LH) > 2.00 1,920 in Pi
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