Aurelius Minerals Inc. · OTC:AURQF
Aurelius Minerals — Investor Presentation (July 2021)
45 slides from Aurelius Minerals's investor presentation, Jul 7, 2021
Slide 1: Cautionary Statement
CAUTIONARY STATEMENT This Presentation includes and is based information and statements, other than statements of historical fact, which are “forward-looking information” within the meaning of applicable securities laws that could cause actual results to differ. Aurelius Minerals (the “Company”) pro
Slide 2: Why Invest?
Why Invest? Canadian Gold Exploration Aureus Gold Inc. Optionality on High Grade (100% owned subsidiary) Abitibi Gold projects Nova Scotia is a top ranked Aureus Gold assets in NS have modern 100% owned Mikwam project adjacent mining jurisdiction with excellent infrastructure and access for year-rou
Slide 3: Nova Scotia: Investment Thesis
Nova Scotia: Investment Thesis Emerging Canadian Gold camp with significant exploration upside at advanced assets along the Eastern Shore Strategy modeled on the FNX Mining strategy; apply capital to underexplored, unloved & misunderstood assets Exceptionally successful Phase 1 drilling program; Pha
Slide 4: Path To Production – The FNX Model
Path To Production – The FNX Model AUREUS EAST RE- RE-ENGINEER Mining Methods & Economics in Feasibility Studies ENGINEER Permitted gold project in Nova Q3/2023 Scotia with historicresource; requires systematic & intensive exploration Maiden Resource targeted for REFINE Q1 2022 REFINE & convert
Slide 5: Management with extensive industry experience
Management with extensive industry experience Mark Ashcroft, P.Eng Jeremy K. Niemi, P.Geo Germaine Coombs, CPA, CMA President & Chief Executive Officer VP, Exploration Chief Financial Officer, VP, Finance 30+ years of experience in the global mining industry and Geologist with 25+ years of progressi
Slide 6: Aureus Gold Mineral System
Aureus Gold Mineral System Aureus East and Aureus West offset by regional Harrigan Cove Fault ~10 km of observed mineralized strike Aureus East situated ~1km north of Aureus West Aureus East drilling confirms high grade nature of gold system Aureus West mineralization demonstrates near surface, open
Slide 7: Broadly Mineralized System – Evolving view
Broadly Mineralized System – Evolving view Gold mineralization occurs in layered & repeating horizons along extensive strike lengths, open at depth and laterally Multiple high grade gold assays within quartz veins Fine grained gold hosted in sediments, surrounding quartz veins Comprised of an expand
Slide 8: Aureus East
a AUREUS GOLD Aureus East
Slide 9: Where we started Aureus East – September 2020
West East 4. Strike extent of 1,600m to gold mineralization in drilling 1. Dewatered underground development down to 165m • Platform for advanced exploration • Optimal position for drilling saddles 2. Depth of gold limited to ~300m depth in core of deposit 5. Drilling limited to tight corridor (50m)
Slide 10: Historical Core sampling Aureus East – October 2020
West East 4. Strike extent of 1,600m to gold mineralization in drilling Located 9 holes (1,088.6m) drilled in 2017 from u/g • Multiple HG Au hits near openings • Extensions of zones east of development UG-17-08 UG-17-06 • 7.3m @ 3.3gpt Au • 1.8m @ 28.4gpt Au from 112.4m depth from 2.7m depth • Incl
Slide 11: 1st AUL Drilling Results Aureus East – November 2020
Surface Pad 2 Surface Pad 1 U/G Pad 1 • Multiple HG Au U/G Pad1 Zones intersectedU/G Pad2 • Tripled depth of Au mineralization • Discovered new zones • Pushed Harrigan Cove Fault 50m to the west! AE-20-002 • 4.8m @ 4.5gpt Au AE-20-003 from 214.2m depth • 4.5m @ 6.8gpt Au from 30.7m • 5.8m@ 7.4gpt Au
Slide 12: 2nd AUL Drilling Results Aureus East – January 2021
Surface Pad 2 Surface Pad 1 U/G Pad 1 and 2 • Zone 9 U/G Pad2 U/G Pad1 Discovered • Structural geometry clearer • 30 New Au Zones intersected AE-20-004 • 1.6m @ 109.5gpt Au from 63m depth • 16.5m @ 8.1gpt Au from 181.3m depth 2nd AUL Drilling Results Aureus East – January 2021
Slide 13: 3rd AUL Drilling Results Aureus East – March 2021
Surface Pad 2 Surface Pad 1 U/G Pad 2 • Zone 9 Expanded U/G Pad2 U/G Pad1 AE-20-005 • 9.6m @ 14gpt Au from 67.9m depth • Incl. 2.1m @ 57.1gpt Au AE-20-004 • 1.6m @ 109.5gpt Au from 63m depth • 16.5m @ 8.1 gptAu from 181.3m depth 3rd AUL Drilling Results Aureus East – March 2021
Slide 14: 4th AUL Drilling Results Aureus East – April 6, 2021
Surface Pad 2 Surface Pad 1 U/G Pad 2 • Best hole to U/G Pad2 U/G Pad1 date • AE-20-007 • Gold in floor of drilling drift! • Refine Zone 9 • New HG Zones AE-20-007 • 0.5m @ 21gpt Au from 0.5m depth • 32m @ 2.9gpt Au from 245m depth (incl. 3 hits over 20gpt) • 2m @ 132.4gpt Au from 335m depth • 10 di
Slide 15: 5th AUL Drilling Results Aureus East – April 12, 2021
Surface Pad 2 Surface Pad 1 U/G Pad 2 • Zone 9 and U/G Pad2 U/G Pad1 10 expanded AE-21-011 • 3m @ 17.4gpt Au from 81m AE-21-015 • 14.2m @ 5.3gpt • 5.7m @ 9.4gpt Au from 104.5m Au from 90.3m • Incl. 0.8m @ • Incl. 1.7m @ 50.9gpt Au 28.8gpt Au AE-21-013 • 2.9m @ 13.3gpt Au from 67.8m • 2.7m @ 15.1gpt
Slide 16: 6th AUL Drilling Results Aureus East – June 2021
Surface Pad 2 Surface Pad 1 Surface Pads 1&2 • Longer limbs • Big potential to U/G Pad2 U/G Pad1 south…and north AE-21-009 • 1.6m @ 16.5gpt Au from 101.8m AE-21-008 • 4.7m @ 5.3gpt Au from 205.5 AE-21-016 • 0.6m @ 67.7gpt Au from 163.1m 6th AUL Drilling Results Aureus East – June 2021
Slide 17: Aureus East – Extremely Successful Phase 1 Program
Aureus East – Extremely Successful Phase 1 Program Gold mineralization occurs in layered & repeating horizons along extensive strike lengths, open at depth and laterally Multiple high grade gold assays within quartz veins Fine grained gold hosted in sediments, surrounding quartz veins Comprised of a
Slide 18: Aureus West
a AUREUS GOLD Aureus West
Slide 19: Aureus West Exploration Overview
Aureus West Exploration Overview Confirmed extensive, near surface mineralization over broad intervals, including the presence of high-grade veins, repeating from surface to beyond 500m at depth Confirmed the presence of previously unknown mineralization in sediment layers Identified remnant limbs (
Slide 20: Aureus West: 4,600m Phase 1 Drilling Success
Aureus West: 4,600m Phase 1 Drilling Success Open pit target with potential for significant resource expansion Confirmed extensive, near surface mineralization over broad intervals, including the presence of high-grade veins Confirmed the presence of previously unknown mineralization in sediment lay
Slide 21: Aureus West - Extensive Gold Mineralization
Aureus West - Extensive Gold Mineralization Grade shells demonstrate and extensive gold system Strike length of 1,600m Extending to over 500m depth Over 100m wide, Open in all directions, within a six-kilometre mineralized trend 22
Slide 22: Tangier & Forest Hill projects
Tangier & Forest Hill projects Tangier Forest Hill Resources An unloved, underexplored past Excellent Exploration Potential with TANGIER producer High Grade Resource Category Tonnage Grade Contained Au Proximity to Infrastructure Clusters of historical assay information discovered to the Inferred 49
Slide 23: Aureus East - Value Generation
Aureus East - Value Generation Steps to Production Target Maiden Resource Re-Engineer Mine Subject to Plan & Establish compliance with Q1/22 2P Reserves Ore Supply: approvals, aim for Q2/23 production Alternate Outlets PEA Q2/23 Q3/22 Indicative timeline for Atlantic project development Source: St.
Slide 24: Catalysts & News flow for next 12 months
Catalysts & News flow for next 12 months Acquired Aureus Gold Completed 12,000m of Phase 2 Drill Program Phase 3 Drill Program Project Phase 1 drilling (Exploration/Discovery) (Resource Expansion) 4,557m underground drilling (Aureus East) Aureus East up to 10,000m surface 30,000m surface drilling (A
Slide 25: Ontario: Significant Optionality
Ontario: Significant Optionality Mikwam Property – Casa Berardi/Burntbush Belt ▲ Inferred Resource – 136,000 oz Au @ 2.34 gpt ▲ Three successful drill programs over 12 months ▲ Intersected highest grades ever on property ▲ Consistently hit wide gold intervals ▲ Great opportunity to increase resource
Slide 26: 3 Successful Campaigns at Mikwam
3 Successful Campaigns at Mikwam Phase 3 – 10 holes & 3,000m (Winter 2019) ▲ Extended gold zone at depth (added 100m) ▲ Intersected 31.5m @ 3.46 g/t (AUL-19-30) ▲ Includes 2 zones >9 g/t (3.1m and 4.1m) Phase 2 – 17 holes & 4,000m (Summer 2018) ▲ Defined a high-grade zone (fold hinge) ▲ Intersected
Slide 27: Mikwam – The Cumulative Image
Mikwam – The Cumulative Image | 28
Slide 28: Equity Structure and Capitalization
EQUITY STRUCTURE AND CAPITALIZATION AURELIUS OWNERSHIP CAPITALIZATION AND BALANCE SHEET (C$) 17% Share Price $0.50 Friends and Family Basic Shares Outstanding 37.00M Options Outstanding 1.54M 30.3% Warrants Outstanding 9.76M Other Basic Market Capitalization $18.50M *Working Capital (June 2021) ~$5.
Slide 29: Mark NJ Ashcroft, P. Eng., President and CEO
OTCQB: AURQF Please contact: Mark NJ Ashcroft, P. Eng., President and CEO Mobile: +1 (416) 666-7025 Office: +1 (416) 304-9095 mark@aureliusminerals.com www.aureliusminerals.com
Slide 30: Appendix
31 APPENDIX *
Slide 31: Summary of Outstanding Securities
SUMMARY OF OUTSTANDING SECURITIES Expiry Date Exercise Price per Share Total No. of Shares Common Shares 37,000,464 Common Share Purchase Options July 24, 2021 $ 0.65 115,500 Common Share Purchase Options Jul 5, 2022 $ 1.20 260,000 Common Share Purchase Options Mar 5, 2023 $ 0.80 71,520 Common Share
Slide 32: Acquisition of Aureus Gold
ACQUISITION OF AUREUS GOLD Terms of transaction In conjunction with the transaction Aurelius acquired the Aureus Gold Sprott Lending also acquired Properties in consideration for the Deferred Payments, payable as follows: 25,000,000 Aurelius Shares on a private placement basis at a price of US$2,500
Slide 33: Board of Directors
BOARD OF DIRECTORS Mark Ashcroft, P. Eng. Randy Turner, P. GEO. Michael G. Leskovec, CPA, CA President & Chief Executive Officer Chairman Director 30 years of experience in the global mining industry and the Mr. Turner is a professional geologist with over 40 years of Mr. Leskovec is a Chartered Pro
Slide 34: Aureus East Project: History
AUREUS EAST PROJECT: History Dufferin Resources Jemma Resources Resource Capital Gold Gold Discovery 1868 and commenced drilling processed 31.7kt of tailings conducted a PEA, District Development started in (660m/13 holes) and then for ~1,600oz developed 2560m and took 1880s. Produced ~35-42koz unde
Slide 35: Path to Production - Aureus East Milestones
Path to Production - Aureus East Milestones AUREUS EAST MAIDEN 43-101 Preliminary Economic PRE-FEASIBILITY (PFS)/ FIRST DRILL HOLE RESOURCE ESTIMATE Assessment- PEA FEASIBILITY STUDY (FS) Aug Q1 Q3 Q2 2020 2022 2022 2023 Aurelius Minerals Discovers New Completion of Phase 1 and Phase 2 Potential Res
Slide 36: Aureus East – Existing Infrastructure
AUREUS EAST – Existing Infrastructure Mill Surface Workshop Flotation Circuit Ball Mill Gravity Table Mine Entrance 37
Slide 37: Aureus East Project
* . Qe y Aureus East Project aurgus | AURELIUS 38
Slide 38: Mineralized Zones
Mineralized Zones Mineralization occurs in broad zones VG Photo 1 High grade gold assays within quartz veins with homogenously distributed coarse gold in certain distinct horizons Disseminated gold in sediments, surrounding quartz veins Deposit remains open along strike, to depth and laterally VG Ph
Slide 39: New Insights
NEW INSIGHTS Sampling and assaying protocols identified Early results demonstrate presence two distinct populations of gold: of high-grade hinge & limb style Coarse grained gold within saddle reef veins mineralization within broadly mineralized Disseminated gold in haloes surrounding reefs sediment
Slide 40: Royalty Summary
ROYALTY SUMMARY Summary of Royalties Payable in Nova Scotia and Ontario Ontario Assets Asset Owner Royalty Details Mikwam Franco-Nevada 0.4824% NSR Mikwam(1) ALX Uranium Corp 0.5% NSR Nova Scotia Assets Lipton(2) Private Individual 2% NSR Asset Owner Royalty Details Aureus West(3) Nycon Resources 2%
Slide 41: Comparative Analysis (Aureus vs. Bendigo)
COMPARATIVE ANALYSIS (Aureus vs. Bendigo) Criteria Bendigo Aureus Gold Age of System Cambrian-Ordovician Rock Types Sandstones, Siltstones, Shales (turbidites) 1. Age of System Mineralogy Visible gold is common in quartz veins with Accessory sulphide minerals including arsenopyrite, pyrite, sphaleri
Slide 42: Reserves and Resources
RESERVES AND RESOURCES Location/Project Category Tonnage Grade Contained Au Nova Scotia, Canada (kT) (g/t) (oz) Indicated - - - Aureus West1 Inferred 270 6.1 53,200 Indicated - - - Tangier2 Inferred 439 5.9 93,000 Indicated 322 7.1 73,000 Forest Hill3 Inferred 905 7.1 208,000 Abitibi, Ontario, Canad
Slide 43: Abitibi Greenstone Belt
ABITIBI GREENSTONE BELT Largest Greenstone Numerous producing and Over 180Moz Au, 35Blbs Zn, 15Blbs Cu, Belt in the World past producing mines and 400Moz Ag produced to date 44
Slide 44: Mikwam
MIKWAM MIKWAM 3D MINERALIZATION Strategically located along the structural trend that cuts through Hecla’s Casa Berardi mine (3.75Moz Reserves and Resources), towards Osisko Mining’s Windfall Lake (5.1Moz indicated and Inferred) Recent drill program intersected highest grade broad intercept of gold
Slide 45: Mikwam Geology
MIKWAM GEOLOGY MIKWAM EXPLORATION CROSS SECTION 2305E (Thickness: 40m) The Mikwam Property lies in the Harricana-Turgeon belt within the northern portion of the Abitibi greenstone belt, this belt hosts polymetallic deposits and multimillion-ounce gold deposits such as the Eagle mine, the Casa-Berard
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