Tectonic Metals, Inc. · TSXV:TECT
Tectonic Metals — Investor Presentation (May 2025)
41 slides from Tectonic Metals's investor presentation, May 2025
Slide 1: The Flat Gold Project
TSX-V: TECTTECTOTCQB: TSX-V: TETOF OTCQB: TETOF FSE: T15B THE FLAT GOLD PROJECT ALASKA’S NEXT TIER-1 GOLD MINING OPPORTUNITY 1 TECTONIC METALS – 2025 Corporate Presentation | TSX-V: TECT | OTCQB: TETOF | TECTONICMETALS.COM MAY 2025
Slide 2: Alpha Bowl New Gold Drill Discovery: 65.53m @ 1.22 g/t Au
TSX-V: TECTTECTOTCQB: TSX-V: TETOF OTCQB: TETOF FSE: T15B ALPHA BOWL NEW GOLD DRILL DISCOVERY: 65.53m @ 1.22 g/t Au incl. 6.1m @ 6.0 g/t Au with 1.5m @ 21.7g/t Au UNLOCKING THE BEDROCK SOURCE OF 650K OUNCES OF PLACER GOLD PRODUCTION* 2 TECTONIC METALS – 2025 Corporate Presentation | TSX-V: TECT | OT
Slide 3: Forward Looking Statement and National Instrument 43-101 Compliance
FORWARD LOOKING STATEMENT AND NATIONAL INSTRUMENT 43-101 COMPLIANCE CAUTIONARY STATEMENT All statements in this presentation, other than statements of historical fact, are "forward-looking statements“ or “forward looking information” with respect to Tectonic Metals Inc. (the “Company”) within the me
Slide 4: Take a Tour of the Flat Gold Project
TAKE A TOUR OF THE FLAT GOLD PROJECT Guided by the CEO of Doyon Ltd. & the CEO of Tectonic Metals Ltd. Play with solid fill Watch Now 4 TECTONIC METALS – 2025 Corporate Presentation | TSX-V: TECT | OTCQB: TETOF | TECTONICMETALS.COM
Slide 5: Why Tectonic Metals?
WHY TECTONIC METALS? 5 TECTONIC METALS – 2025 Corporate Presentation | TSX-V: TECT | OTCQB: TETOF | TECTONICMETALS.COM
Slide 6: The Tectonic Metals Advantage
THE TECTONIC METALS ADVANTAGE THE NEXT TIER-ONE GOLD MINING OPPORTUNITY BIG DEPOSITS LEAVE BIG UPFRONT DERISKING BUSINESS INDIGENOUS SHAREHOLDERS FOOTPRINTS MODEL & PARTNERSHIP ▪ 1.4Moz1 historical placer gold ▪ Full scale production ESG/IBA agreement ▪ Alaska Native Regional Corp production at Flat
Slide 7: The Tectonic Business Model
THE TECTONIC BUSINESS MODEL FOCUSED ON MINING OPPORTUNITIES NOT “DRILL PLAYS” Apply Tectonic’s Economic Mine Three Year Project Plan Formula Tier 1 Opportunities Grade Geology ▪ Minimum 5 million oz AU potential Scale Target ▪ +10 year mine life De-risk Discovery Engineering Metallurgy and Mineral P
Slide 8: The Right People for the Vision
THE RIGHT PEOPLE FOR THE VISION Multi-Million Ounce Open-Pit Potential
Slide 9: In God We Trust; All Others Must Bring Data
“IN GOD WE TRUST; ALL OTHERS MUST BRING DATA” PROVENT TRACK RECORD OF SUCCESS IN ALL ASPECTS OF THE EXPLORATION AND MINING BUSINESS ▪ Discovery = +30 million oz Au ▪ Development = 18 Feasibility Studies ▪ Permitting = 20 projects ▪ Production = 16 mines ▪ M&A = $3.7 billion in transactions ▪ Capital
Slide 10: A Committed, Proven and Successful Team
A COMMITTED, PROVEN AND SUCCESSFUL TEAM INSIDE OWNERS REPRESENT THE THIRD LARGEST OWNERSHIP BLOCK Necessary Skill Sets for Successful Exploration/Mining Companies Capital Team Member Role ESG Mine Finder Mining M&A Markets Notes Allison Rippin Armstrong Chair ⚫ ⚫ ⚫ ⚫ Environmental Biologist, UN cons
Slide 11: Technical Advisory Committee
TECHNICAL ADVISORY COMMITTEE INDUSTRY LEADING STRUCTURAL EXPLORATION GEOLOGISTS AND ENGINEERS Areas of Strength Structural Heap Leach Mining Name Designations Geology Notes Design Construct Operate ⚫ ⚫ ⚫ P.E., G.E., D.GE, Mr. Smith has been involved in the design, construction, operations Mark Smith
Slide 12: ESG Considerations for a Mining Opportunity
ESG CONSIDERATIONS FOR A MINING OPPORTUNITY FINDING GOLD IS OKAY, BUT DISCOVERY, PERMITTABLE, ECONOMIC GOLD IS THE TECTONIC WAY Can you Permit, Build & Finance a Mine? Location, Location, Location ✓ Mother nature doesn’t discriminate where she places her mineral deposits. Not every project needs to
Slide 13: Alaska Natives Invest Over $4 Million into Tectonic Metals
ALASKA NATIVES INVEST OVER $4 MILLION INTO TECTONIC METALS UNDERPINNED BY PARTNERSHIPS AND STRONG SHAREHOLDERS 2nd largest shareholder largest shareholder - Dr. Quinton Hennigh & Tony Reda TECTONIC & DOYON MILESTONE PARTNERSHIP ▪ Doyon, leading for-profit Alaska Native Regional Corp “Tectonic is one
Slide 14: Why Alaska?
WHY ALASKA?
Slide 15: Alaska: Tier-1 Mining Jurisdiction
ALASKA: TIER-1 MINING JURISDICTION1 UNLEASHING ALASKA’S EXTRAORDINARY RESOURCE POTENTIAL YUKON ▪ ”Unleashing Alaska’s Extraordinary Resource Potential” White House Executive Order 2 TERRITORY ▪ ”Immediate Measures To Increase American Mineral Fairbanks Production” White House Executive Order 3 ▪ 7 p
Slide 16: Flat's Onsite and Nearby Infrastructure
FLAT’S ONSITE AND NEARBY INFRASTRUCTURE ROADS TO MINERALIZED ZONES, ONSITE HERCULES AIRSTRIP, COMMERCIAL BARGE RIVER ACCESS YUKON TERRITORY Pipeline Route Donlin Permitted Natural Gas Pipeline Chicken Mountain Road Access N Kuskokwim River 4100 Ft Hercules Capable Airstrip - The Size of a Boeing 747
Slide 17: Bulk Tonnage Intrusion-Related Tintina Gold Systems
BULK TONNAGE INTRUSION-RELATED TINTINA GOLD SYSTEMS NOTABLE ANALOGUE MINES & PROJECTS IN TINTINA GOLD PROVINCE Tintina Gold Pr ovi nc e Project Donlin 1 Flat Fort Knox 2 Rogue 3,4 Company Novagold Tectonic Metals Kinross Snowline Production History 30,000 oz (Placer) 1.4 million oz (Placer) 9.0 mill
Slide 18: The Flat Gold System: Potential Six District Scale Deposits
THE FLAT GOLD SYSTEM: POTENTIAL SIX DISTRICT SCALE DEPOSITS “EVIDENCE IS THE CORNERSTONE OF TRUTH”: UNVEILING A 20 KM “STRING-OF-PEARLS” GEOPHYSICAL ANOMALY 6 CARIBOU 7200 Hz EM CARIBOUCARIBOU 99,840 Acre 1.7 km x 2.1 km KM-SCALE Project Area INTRUSION TARGETS TOTAL PLACER GO LD PRODUCTION: 1.4Moz1
Slide 19: Chicken Mountain Intrusion
CHICKEN MOUNTAIN INTRUSION Multi-Million Ounce Open-Pit Potential
Slide 20: Potential Low Strip Ratio
POTENTIAL LOW STRIP RATIO CHICKEN MOUNTAIN IS NOT A MOUNTAIN • A plateau for kms with little to no overburden • Gold mineralization starts at surface • Favourable topography aligned with gold zones 20 TECTONIC METALS – 2025 Corporate Presentation | TSX-V: TECT | OTCQB: TETOF | TECTONICMETALS.COM
Slide 21: Big Deposits Leave Big Footprints
Legend (2024) “BIG DEPOSITS LEAVE BIG FOOTPRINTS” Otter Creek MULTIPLE LAYERS OF COMPELLING GEOLOGICAL EVIDENCE 417koz1 Black Creek 1.4 Moz1 Recorded Placer Production At Flat ▪ 3rd richest placer gold mining jurisdiction in Alaska1 ▪ Chicken Mountain credited as primary bedrock source ▪ Every strea
Slide 22: +3 km Drilled Mineralized Strike
+3 KMS OF DRILLED MINERALIZED STRIKE, 325METRE VERTICAL DEPTH – OPEN IN ALL DIRECTIONS 100% DRILL SUCCESS RATE, 86 HOLES DRILLED – ALL HIT GOLD 0.4 g/t Au over 243m incl. 1.19 g/t Au over 27.43m N 1.05 g/t Au over 35.05m DDH98-05CM (Historic) Golden Apex GOLDEN 5.66 g/t Au over 7.62m 1.08 g/t Au ove
Slide 23: Alpha Bowl: New Gold Discovery
ALPHA BOWL: NEW GOLD DISCOVERY – 65.53m @ 1.22 g/t Au, incl. 6.1m @ 6.0 g/t Au with 1.5m @ 21.7g/t Au UNLOCKING THE BEDROCK SOURCE OF 650K OUNCES OF PLACER GOLD Prince Creek Chicken Creek 34 koz Au 25 koz Au 27.2 g/t Au over 1.6m CHICKEN 1.10 g/t Au over 7.93m MOUNTAIN 1.08 g/t Au over 12.34m 2.44 g
Slide 24: +3 kms of Drilled Mineralized Strike = Multi-Million Oz Open-Pit Opportunity
+3 KMS OF DRILLED MINERALIZED STRIKE = MULTI-MILLION OZ OPEN-PIT OPPORTUNITY GOLD BEGINS AT SURFACE + NO OVERBURDEN + GENTLE TOPOGRAPHY = POTENTIAL FOR LOW STRIP & WASTE-TO-ORE RATIO N 300m 300m ALPHA BOWL CHICKEN MOUNTAIN 3 KM DRILLED MINERALIZED STRIKE CHICKEN 428m drill hole length MOUNTAIN ALPHA
Slide 25: +3 kms of Drilled Mineralized Strike = Multi-Million Oz Open-Pit Opportunity
+3 KMS OF DRILLED MINERALIZED STRIKE = MULTI-MILLION OZ OPEN-PIT OPPORTUNITY GOLD BEGINS AT SURFACE + NO OVERBURDEN + GENTLE TOPOGRAPHY = POTENTIAL FOR LOW STRIP & WASTE-TO-ORE RATIO N 300m 300m ALPHA BOWL CHICKEN MOUNTAIN 3 KM DRILLED MINERALIZED STRIKE CHICKEN 1 2 3 4 5 6 MOUNTAIN ALPHA BOWL FOOTB
Slide 26: Gold-in-Soil Anomalies Indicate Potential Deposit Size
WITH A 100% DRILL SUCCESS RATE, GOLD-IN-SOIL ANOMALIES INDICATE POTENTIAL DEPOSIT SIZE < 50% OF GOLD-IN-SOIL ANOMALY DRILL TESTED TO DATE Chicken Mountain Mineralization Footprint Plan view Mineralization Footprints of Other Tintina Projects 4 km x 1 km Gold-in-Soil Anomaly KINROSS FORT KNOX MINE 2.
Slide 27: Leveraging Metallurgy
LEVERAGING METALLURGY To Make Every Ounce Count Heap Leach Column Testing Photo Credit: ALS Global
Slide 28: Leveraging Metallurgy to Make Every Ounce Count
LEVERAGING METALLURGY TO MAKE EVERY OUNCE COUNT METALLURGY INFORMS AND INFLUENCES . . . ▪ Ore grade: Drilled grade (1.0 g/t Au) – Met Recovery (80%) = Ore grade (0.80 g/t Au) ▪ Cut-off grade - minimum ore grade to be economically viable ▪ Scale ▪ Pit Design ▪ Defines Ore vs Waste ▪ Processing Costs
Slide 29: Leveraging Metallurgy to Make Every Ounce Count
LEVERAGING METALLURGY TO MAKE EVERY OUNCE COUNT METALLURGY INFORMS AND INFLUENCES CONT’D ▪ Exploration Drilling: target mineable and high margin ounces ▪ De-risks the Project o Attracts investors & partners, demonstrates lower technical risk o Feasibility Study Readiness: early met testing ensures t
Slide 30: What Drives Production Costs & Margin?
WHAT DRIVES PRODUCTION COSTS & MARGIN? A DEEP DIVE INTO ALL-IN-SUSTAINING COSTS (AISC) ITEM COST (%)2 Grinding contributes nearly Crushing 2.8 Grinding 47 50% of AISC Factors that Impact Production Costs1 Flotation 16.2 Energy Energy Grade Grade Thickening 3.5 ▪ ▪ Crushing, Grinding, Floatation, etc
Slide 31: Evaluating Energy Efficiency in Gold Processing
EVALUATING ENERGY EFFICIENCY IN GOLD PROCESSING A COMPARITIVE ANALYSIS OF HEAP LEACHING VS MILLING OPERATIONS ▪ Heap Leach operations consume ~10x less power compared to milling operations1 (i.e., 4-7 Megawatts annually for 40,000 tpd) 55-65 Megawatts) ▪ Offers scalability with only modest energy in
Slide 32: Avg. Heap Leach Grade = 0.52 g/t Au | AISC in Line with Industry
AVG. HEAP LEACH GRADE = 0.52 G/T AU | AISC IN LINE WITH INDUSTRY AVG. ($1,342/OZ) SELECT HEAP LEACH & HEAP LEACH + MILLING OPERATIONAL DATA FY 20231 Company Project Type Production (Koz Au) Grade (g/t Au) AISC (US$/oz) Barrick Veladero HL 414 0.68 1516 Kinross Fort Knox Mil + HL 291 0.34 1867 Kinros
Slide 33: Global Mining Companies Avg. AISC US $1,342 FY 2023
GLOBAL MINING COMPANIES AVG. AISC US $1,342 FY 2023 MARGIN = GOLD PRICE – WHAT IT COSTS TO PRODUCE AN OUNCE OF GOLD AVG. AISC US $1,342 AVG. MARGIN US $635/oz *See appendix for references 33 TECTONIC METALS – 2025 Corporate Presentation | TSX-V: TECT | OTCQB: TETOF | TECTONICMETALS.COM
Slide 34: Multiple Met Testing Confirm Free-Milling Mineralization
MULTIPLE MET TESTING CONFIRM FREE-MILLING / NON-REFRACTORY MINERALIZATION CONVENTIONAL BOTTLE ROLL, GRAVITY, COMBINED GRAVITY & BOTTLE ROLL, AND FLOTATION Strong and rapid Very low cyanide Low sulphur No preg robbing leach kinetics consumption content identified 96% Avg. Gold Recovery Validates Pote
Slide 35: 96% Gold Recovery: Heap Leach Column Tests
96% GOLD RECOVERY: HEAP LEACH COLUMN TESTS ON COARSE ¾” CRUSHED MATERIAL POTENTIAL FOR RUN-OF-MINE HEAP LEACH PROCESSING IN PLAY NON-OXIDIZED AND MINERALIZATION AT DEPTH LEACHES STRONG & RAPID 96% LEACH KINETICS Gold Recovery After 71 Days 83% 91% NO AGGLOMERATION Gold Recovery Gold Recovery After 2
Slide 36: Is Grade Really King?
IS GRADE REALLY KING? HEAP LEACHABLE DEPOSITS ARE A TOP CHOICE FOR MINING GIANTS ▪ Undoubtedly, Heap Leaching offers a wide range of advantages 1, 2 when compared to other methods: 286 Heap Leach Mines Worldwide3 o LOWER upfront capital investment o LOWER operating costs o LOWER environmental impact
Slide 37: Capital Structure
CAPITAL STRUCTURE AS OF MARCH 2025 Shares Outstanding 419,853,777 8% Doyon Limited Supportive Shareholders ~40% 17% Crescat Capital ~11% Tectonic and others Est. Liquid Public Float ~250,000,000 Average Daily Trading Volume ~650,000 Fully Diluted 543,269,164 Estimated Cash ~$2 million Debt None 37 T
Slide 38: Appendix
TECT: TSX-V TETOF: OTCQB T15B: FSE Website www.tectonicmetals.com Email info@tectonicmetals.com Toll-free 1.888.685.8558 APPENDIX 38 TECTONIC METALS – 2025 Corporate Presentation | TSX-V: TECT | OTCQB: TETOF | TECTONICMETALS.COM
Slide 39: Reference List
REFERENCE LIST SLIDE 6: The Tectonic Metals Advantage SLIDES 18, 21, 22, 23: Historical Placer Production Figures 1. Placer production figures from “Mineral Occurrence and Development Potential Report, Locata le and Sala le Minerals, 1. Placer production figures from “Mineral Occurrence and Developm
Slide 40: Geophysics Demonstrate a +11km Long Intrusive Complex
GEOPHYSICS DEMONSTRATE A +11KM LONG INTRUSIVE COMPLEX CHICKEN MTN EAST AND GOLDEN APEX LIKELY MINERALIZED BASED ON CURRENT EVIDENCE Oblique View Looking East - Geophysics - 7200 Hz EM Simplified Cross Section of Intrusion Related Systems Historic Hardrock Mine Golden Apex / Intrusion / Gold Interpre
Slide 41: Reduced Intrusion-Related Gold Systems
REDUCED INTRUSION-RELATED GOLD SYSTEMS GEOCHEMISTRY, VEINING AND HOST ROCK ARE KEY INDICATORS OF PROXIMITY TO CUPOLA Cross Section Looking Down - Plan View of Plutonic Structure – Hart et. al. 20071 Fort Knox hornfels Golden Apex aureole Distal mineralization Au-As-Sb veining hornfe Eagle within vol