Sterling Metals Corp. · TSXV:SAG
Sterling Metals — Investor Presentation (March 2023)
28 slides from Sterling Metals's investor presentation, March 2023
Slide 1: Unlocking the Riches of Newfoundland and Labrador: A New Frontier of Discovery
CORPORATE PRESENTATION – MARCH 2023 TSXV: SAG | OTCQB: SAGGF UNLOCKING THE RICHES OF NEWFOUNDLAND AND LABRADOR: A NEW FRONTIER OF DISCOVERY
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT This presentation is intended to be strictly informational. Sterling Metals Corp. (“Sterling Metals” or the “Company”) reserves the right, at its sole discretion, to modify all or any part of this presentation without any liability or notification to any person. This presen
Slide 3: New Frontier – Newfoundland & Labrador
NEW FRONTIER – NEWFOUNDLAND & LABRADOR COPPER AND SILVER – TWO POTENTIAL WORLD CLASS DISTRICT SCALE ASSETS SCALE GRADE Cu - Ag DISCOVERY INFRASTRUCTURE Ag - Polymetallic TEAM TSXV: SAG | OTCQB: SAGGF | STERLINGMETALS.CA 3
Slide 4: Proven Team
PROVEN TEAM DISCOVERIES, OPERATIONS AND CAPITAL MARKETS Board Of Directors and Advisors Management Richard Patricio Stephen Keith Mathew Wilson Dennis Logan Chairman Director CEO and Director CFO Mark Raguz Dr. Neil O’Brien Jeremy Niemi Chris Irwin Advisor Technical Advisor SVP Exploration and Corpo
Slide 5: Adeline – Globally Significant Geological Belt
ADELINE – GLOBALLY SIGNIFICANT GEOLOGICAL BELT • Only Proterozoic basin in the world that hasn’t been systematically explored • The CMB is a globally significant Cu-U province located at a triple junction between three geological terranes • 260 km long belt endowed with high-grade copper, uranium, s
Slide 6: Adeline Cu-Ag Project Analog
ADELINE Cu-Ag PROJECT ANALOG COMPARISON WITH UDOKAN CU-AG DEPOSIT, RUSSIA Both districts share: Adeline, Labrador Udokan, Russia • Doubly plunging synclinal basin architecture with 10’s km of outcropping mineralized host ~44km Mineral resources: 2.75 Bt @ 0.97% Cu, 11.9 g/t Ag formation same scale M
Slide 7: Adeline: New Global Copper District
ADELINE: NEW GLOBAL COPPER DISTRICT 44km TSXV: SAG | OTCQB: SAGGF | STERLINGMETALS.CA 7
Slide 8: Regional Geology & Copper Showings
REGIONAL GEOLOGY & COPPER SHOWINGS • Copper showings principally found in Adeline Formation grey beds and underlying Salmon Lake Formation basalts • Copper mineralization is product of regional fluid flow caused by basin inversion tectonics during Grenville Orogeny and is concentrated where key stru
Slide 9: Adeline Cu-Ag Project: Ellis Prospect
ADELINE Cu-Ag PROJECT: ELLIS PROSPECT TSXV: SAG | OTCQB: SAGGF | STERLINGMETALS.CA 9
Slide 10: Adeline: Ellis IP Inversions with Topo
ADELINE: ELLIS IP INVERSIONS WITH TOPO CHARGEABILITY 12ms SHELL (PURPLE) A B True surface Ellis Main SL11-10 showing (50m east) > 12 > 12 Trace Cu 7.9m @1.76% Cu, 56 g/t Ag > 12 Please note: Topography on old geological section is not accurate Section looking east; 100m wide model slice TSXV: SAG |
Slide 11: Adeline - Exploration History (Prior to Altius)
ADELINE - EXPLORATION HISTORY (PRIOR TO ALTIUS) Years Company Methods Drilling Comments 1951- Frobisher- Prospecting 27 short • 200+ copper showings discovered 1956 Kennco Geochemistry holes • Trenching: • Extensive documentation of Trenching (1743m) • Ellis: avg. of 4.2m thickness @ 1.35%Cu, 49.8 g
Slide 12: Sail Pond: Grade Is Key
SAIL POND: GRADE IS KEY SILVER, LEAD, ZINC, COPPER AND ANTIMONY – METALS FOR THE FUTURE Significant High-Grade Drill Results SP-21-023 4,413.58 g/t Aq Eq over 0.34 m (1,572 g/t Ag, 5.84% Cu, 29.2% Zn, 0.55 g/t Au, 7.8% Pb and 2.47% Sb) 3,499.1 g/t Ag Eq over 0.35 m (1,564 g/t Ag, 8.33% Cu, 12.83% Pb
Slide 13: Sail Pond: Heimdall Zone
SAIL POND: HEIMDALL ZONE 2022 DRILLING SHOWS POTENTIAL FOR GROWTH Longitudinal section looking west showing drilling with silver equivalent mineralization on drill holes 2023 Drill Program Drill for the feeder Highlights of the Program Expanded mineralization down-trend Expand on new high-grade sulf
Slide 14: Top Ranked Mining Jurisdiction
TOP RANKED MINING JURISDICTION STRONG ECONOMIES OF SCALE FOR EXPLORATION Adeline Cu-Ag Project • 29,700 ha, located within the Central Mineral Belt (CMB) in Labrador • 145 km northwest of Happy Valley-Goose Bay, Labrador • Access road within 70 km of the project (10min helicopter flight) • Supported
Slide 15: Value Creation Imminent
VALUE CREATION IMMINENT Proposed Work Program: MARKET CAPITALIZATION $11M 1. 2,500M DRILL PROGRAM - ADELINE: $2M CASH $2.5M 2. ADELINE AIRBORNE SURVEY: $500K 3. 2,500M DRILL PROGRAM - SAIL POND: $750K 4. TECHNICAL SERVICES: $1M TSXV: SAG | OTCQB: SAGGF | STERLINGMETALS.CA 15
Slide 16: Corporate Snapshot
CORPORATE SNAPSHOT BACKED BY STRONG PARTNERS AND SHAREHOLDERS Capital Structure Share Ownership Share Price (March 21, 2023) C$0.16 52-Week Low/High C$0.16 – C$0.40 Institutional & Insiders 45% Basic Shares Outstanding 73.5M Options ~4.0M Warrants ($0.40 expiring May ’24) ~22.5M Retail FD Shares Out
Slide 17: Contact Us
TSXV: SAG OTCQB: SAGGF CONTACT US Mathew Wilson Chief Executive Officer 416-643-3889 info@sterlingmetals.ca @sterlingmetals www.sterlingmetals.ca
Slide 18: Central African Copperbelt vs. Central Mineral Belt (Labrador)
CENTRAL AFRICAN COPPERBELT VS. CENTRAL MINERAL BELT (LABRADOR) Seal Lake Group represents a similar successor sedimentary basin that has been deformed into an arcuate fold & thrust belt that timing of Cu mineralization is related to as with the Congo type Cu deposits that are found within the Lufeli
Slide 19: Central African Copperbelt Zambian & Congo Types
CENTRAL AFRICAN COPPERBELT ZAMBIAN & CONGO TYPES • Zambian type Cu deposits are hosted by ductility deformed, Roan Subgroup sediments associated with protruding basement domes • Congo type Cu deposits are hosted by “thin-skinned” deformed Roan Subgroup sediments within an arcuate fold-and-thrust bel
Slide 20: Deformation-Related Structural Traps (Kalahari Copper Belt)
DEFORMATION-RELATED STRUCTURAL TRAPS (KALAHARI COPPER BELT) • During regional deformation copper-rich fluids were channelled into structural traps and precipitated copper mineralization where the fluids crossed stratigraphic redox boundaries, especially within grey shales Thickened below red quartzi
Slide 21: Central African Copperbelt Congo Type Ore Stratigraphy
CENTRAL AFRICAN COPPERBELT CONGO TYPE ORE STRATIGRAPHY Organic-rich, stromatolitic carbonate host rocks – Adeline has these SD 30-100 m SDB 5-15 m RSC 15-35 m RSF 5 -15 m DStrat 2-7 m RAT gris 2-5 m RAT lilac > 200 m TSXV: SAG | OTCQB: SAGGF | STERLINGMETALS.CA 21
Slide 22: Relationship Between Host Sedimentary Facies and Ore Grade
RELATIONSHIP BETWEEN HOST SEDIMENTARY FACIES AND ORE GRADE Kisanfu = facies Kalumbwe: organic-rich, deep water, shale = best reductant for mineralizing fluids = highest grades in Cu, Co in the Congo Copper Belt vs. Tenke = facies Long sandy, shallow marine = moderate grades in Cu, Co HOST SEDIMENTAR
Slide 23: Adeline Cu-Ag Project Analog: El Soldado Deposit, Chile
ADELINE Cu-Ag PROJECT ANALOG CASE STUDY: EL SOLDADO Cu-Ag DEPOSIT, CHILE El Soldado Cu-Ag Deposit, Chile • Global resource of 200Mt @ 1.35% Cu (10-20 g/t Ag) o Production of 70Mt @ 1.80% Cu • Stratabound, epigenetic Cu-Ag sulphides • Mineralization as disseminations and veinlets • Zoned copper sulph
Slide 24: El Soldado Cu-Ag Deposit, Chile
EL SOLDADO Cu-Ag DEPOSIT, CHILE STRUCTURAL CONTROL ON OREBODY GRADE AND GEOMETRY TSXV: SAG | OTCQB: SAGGF | STERLINGMETALS.CA 24
Slide 25: Adeline Project: Historic Surveys with Regional Magnetics
ADELINE PROJECT: HISTORIC SURVEYS WITH REGIONAL MAGNETICS TSXV: SAG | OTCQB: SAGGF | STERLINGMETALS.CA 25
Slide 26: Detailed Prospect Mapping & Sampling Leads to Key Structures
DETAILED PROSPECT MAPPING & SAMPLING LEADS TO KEY STRUCTURES CONTROLLING Cu-Ag MINERALIZATION 5km Salmon Lake red slates Salmon Lake basalts Cu-in-soil Adeline Island red slates (ppm) Adeline Island quartzites Adeline Island red slates Adeline Island MIN Upper Red Quartzite 100m TSXV: SAG | OTCQB: S
Slide 27: Priority Target Areas for Drillhole Definition & Testing
PRIORITY TARGET AREAS FOR DRILLHOLE DEFINITION & TESTING BP Duck Adeline to Ellis Ellis Brandy Lake Adeline Island Anne Lake South Adeline Mountain 5km Prospects Historical Drill holes Priority targets TSXV: SAG | OTCQB: SAGGF | STERLINGMETALS.CA 27
Slide 28: Adeline: Principal Cu Prospects – Swarms of Qz-Carb-CuSx Veins
ADELINE: PRINCIPAL CU PROSPECTS – SWARMS OF Qz-Carb-CuSx VEINS • Grey-green shale in contact with quartzite (esp. Adeline Quartzite) but also diabase • Shear zones • Sulphides as lensoidal zones of disseminations and as veins/veinlets; “local remobilization of Cu sulphides” • Common veins/veinlets o