Metalquest Mining Inc · TSXV:MQM
Metalquest Mining — Investor Presentation (June 2023)
23 slides from Metalquest Mining's investor presentation, June 2023
Slide 1: A Strategic Metals Exploration and Development Company
A STRATEGIC METALS EXPLORATION AND IRON ORE DEVELOPMENT COMPANY COPPER CORPORATE PRESENTATION H1 2023 ZINC 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain information presented, including discussions of SAFE HARBOUR STATEMENT future plans and operations, contains forward-looking statements involving substantial known and unknown risks This report includes forward-looking statements covered by and uncertainties. These
Slide 3: A Strategic Metals Exploration and Development Company
A STRATEGIC METALS EXPLORATION AND DEVELOPMENT COMPANY • MetalQuest Mining (MQM) is a diversified exploration and development company focused on developing one of North America’s largest Iron Ore Projects located in Quebec’s Labrador Trough. • MQM has a senior exploration and financial management te
Slide 4: Management and Technical Team
Management and Technical Team Harry Barr, Chairman and CEO Gary Moore, MBA, BCom, Director Gordon Chunnett, Director Robert Guanzon, Chief Financial Officer Charlotte Brown, Corporate Secretary Faraz Rasheed, Business Development EIT Farid Mammadov, Marketing Manager LEADERSHIP INVESTED MANAGEMENT V
Slide 5: Corporate Overview
Corporate Overview Share Structure Share Price……………………………...….….. $0.135 Shares Outstanding…………………...…… 26,914,783 Warrants………………………………....…..... 0 Options…………………………………………… 3,695,000 Note: Approximate figures on June 6th, 2023 Management (~2000) 36% 64% Retail 5
Slide 6: Two Metals, One Strategic Focus
TWO METALS, ONE STRATEGIC FOCUS Lac Otelnuk Iron Ore Project, Labrador Trough, Quebec Murray Brook VMS Deposit, Bathurst Mining Camp, New Brunswick 6
Slide 7: Lac Otelnuk Iron Ore Project
LAC OTELNUK IRON ORE PROJECT Labrador Trough, Quebec, Canada 7
Slide 8: Global Steel and Iron Ore Outlook
Global Steel and Iron Ore Outlook • China’s annual steel production has surpassed that of the entire rest of the world • This is posing a severe future iron ore supply chain risks owing to geopolitical/economic uncertainty. • Projects in North America and Australia will have to be fast-tracked in or
Slide 9: Iron Ore Demand Outlook
• Overall demand for iron ore only poised to increase overtime since re-opening of the Chinese economy, accelerated development and industrialization in other Asian and African nations. • China will lead the demand outlook as well by a huge margin, including ramping up imports exponentially since it
Slide 10: Project Outlook and Location
Project Outlook and Location ➢ 100% owned by ➢ Lac Otelnuk Project is MetalQuest Mining surrounded by world class projects, including major producers Rio ➢ Approximately 165 Tinto, Tata Steel, km by air northwest Arcelor Mittal, and mid- of the village of tier Champion Iron. Schefferville which is l
Slide 11: Lac Otelnuk Iron Ore Project History
1948 • First recorded work on the property by Noranda/Conwest JV Lac Otelnuk Iron Ore Project History 11
Slide 12: Property Description
Property Description ➢ The structure is very simple apart from the far northern portion. The iron formation is generally northwest-southeast striking, very flat-lying, monoclinic to gently inclined and rolling, with an average easterly dip of 5°. ➢ The open pit is 11.6 km long and 2.8 km wide, reach
Slide 13: Mineral Resource Estimate
Mineral Resource Estimate ➢ 30Y composite samples has ➢ Open pit designed for this demonstrated concentrate project has a 30-year mine life grades with >68.5% iron with a only in the central project 27.6% weight recovery. location. Resource Tonnes Tfe Head DTWR Magnetic Fe Classification (in billion
Slide 14: Historical 2015 Feasibility Report Economic Analysis
Historical 2015 Feasibility Report Economic Analysis Description Units Results Production - Mineralization Mt 4,993 Production - Concentrate @ 68.5% Fe Mt 139,123.40 Revenue USD $B 135.8788 Capital Costs USD $B 14.1864 Operating Costs USD $B 42.3608 Pre Tax Cash Flow USD $B 79.1094 Before Taxes Afte
Slide 15: Go-Forward Plan
Go-Forward Plan Connect with Complete project First Nations to Establish a Joint due diligence, complete an Venture partner update database, MOU and to fund the and establish a contact Quebec project. technical team. government officials. 15
Slide 16: Murray Brook Polymetallic VMS Project
MURRAY BROOK POLYMETALLIC VMS PROJECT Bathurst Mining Camp, New Brunswick, Canada 16
Slide 17: Murray Brook Zn-Pb-Cu (Ag) Project
Murray Brook Zn-Pb-Cu (Ag) Project • Murray Brook polymetallic VMS deposit located in the world-class Bathurst Mining District, province of New Brunswick, Canada • Favourable metallurgy test work results • 2013 Updated Measured + Indicated Mineral Resources = 19 Mt @ 3.8% Zn+Pb+Cu • Positive 2013 Pr
Slide 18: Murray Brook Property & Infrastructure
Murray Brook Property & Infrastructure Bathurst District • Property consists of Mining Lease 252 and claim number 4925 • Mining Lease 252 has a 20-year term renewal for three 20-year periods • Ownership: ~28.2% MQM and 71.8% Votorantim Metals Canada Inc., subject to NSR • The Property is road access
Slide 19: 2013 Updated Mineral Resource Estimates
2013 Updated Mineral Resource Estimates MRE Prepared by P&E Mining Consultants Inc and reported at a cut-off of $21/t NSR The Mineral Resource estimation incorporates metal price, foreign exchange and NSR calculation as flows: • 3-year trailing average metal prices (US$) as of January 31, 2013: Zinc
Slide 20: 2013 Preliminary Economic Assessment
2013 Preliminary Economic Assessment Note: The potentially mineable portion of the Mineral Resource tonnage used in the PEA contains both Indicated and Inferred Mineral Resources. The reader is cautioned that Inferred Mineral Resources are too speculative geologically to have the economic considerat
Slide 21: Next Steps at Murray Brook
Next Steps at Murray Brook • Update 2013 Preliminary Economic Assessment o Update Mineral Resources for current metal prices and Puma drilling o Update Mineral Processing and Metallurgical Studies o Test remaining exploration targets • Complete Prefeasibility Study o Site Engineering and Hydrogeolog
Slide 22: Go-Forward Plan
Go-Forward Plan Lac Otelnuk Murraybrook -Complete project due diligence, update database, -Sell project. and complete in-house Project Report. -Connect with First Nations to complete an MOU and Corporate contact Quebec government officials. -Establish a Joint Venture partner to fund the -Continue to
Slide 23: Thank You
THANK YOU FOR MORE INFORMATION CONTACT US AT : 1-613-659-2773 info@mqmining.com SIGN UP TO RECEIVE COMPANY UPDATES : https://metalquestmining. com 23
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