Sirios Resources, Inc. · TSXV:SOI
Sirios Resources — Investor Presentation (April 2023)
51 slides from Sirios Resources's investor presentation, April 2023
Slide 1: Advanced Exploration for Gold and Lithium in Eeyou Istchee James Bay, Canada
ADVANCED EXPLORATION FOR GOLD AND LITHIUM IN EEYOU ISTCHEE JAMES BAY, CANADA CORPORATE PRESENTATION │ April 2023 TSX-V SOI
Slide 2: Caution Regarding Forward-Looking Statements
CAUTION REGARDING FORWARD-LOOKING STATEMENTS This document contains forward-looking statements, which adverse mining conditions, regulatory changes and reflect the current expectations of the Company as at the government policies, including laws and policies, and the date hereof with respect to futu
Slide 3: Why Invest in Sirios
WHY INVEST IN SIRIOS Sirios Resources Inc. is a Canadian-based mining A LEADING MINING JURISDICTION exploration company focused on developing its • Québec is among the most attractive places in the portfolio of high-potential gold and lithium properties world for mining investment (6th in the world)
Slide 4: Renowned Team with a Proven Track Record
RENOWNED TEAM WITH A PROVEN TRACK RECORD MANAGEMENT STRATEGIC ADVISORS DOMINIQUE DOUCET FRÉDÉRIC SAHYOUNI SAMUEL MARTEL ROBERT MÉNARD ROGER DOUCET LOUIS MARTIN P.Eng. B.Comm. P.Eng., MBA, PMP B.Sc. B.Sc. P.Geo. CEO & Director CFO Cheechoo Project Director Managed the construction and Discoverer of t
Slide 5: Strong Shareholder Support
STRONG SHAREHOLDER SUPPORT Stock Structure Market Capitalization ~$21M World's largest gold producer Shares Outstanding 268.3M Newmont Warrants 19.6M 12% Options 14.9M Fully Diluted 302.8M Directors & Trustees 52 Week Range $0.045 – 0.09 10% TSX-V SOI Others 55% Largest pension fund in Vancouver-bas
Slide 6: Strategic Position in Eeyou Istchee James Bay, QC
STRATEGIC POSITION IN EEYOU ISTCHEE JAMES BAY, QC • World-famous favorable AQUILON mining jurisdiction (Quebec) TILLY-2 Chisasibi Radisson La Grande-4 • Multiple showings La Grande-3 discovered on the properties • Excellent infrastructure (roads, hydroelectricity) Wemindji MASKWA LI-52 ÉLÉONORE GOLD
Slide 7: The Cheechoo Property
SIRIOS’ FLAGSHIP PROJECT THE CHEECHOO PROPERTY
Slide 8: Major Discovery Near a Newmont Gold Mine
MAJOR DISCOVERY NEAR A NEWMONT GOLD MINE N ÉLÉONORE MINE ÉLÉONORE 15km CHEECHOO DEPOSIT CHEECHOO 5km CHEECHOO GOLD PROJECT | TSX-V SOI 8
Slide 9: Major Discovery Near a Newmont Gold Mine
MAJOR DISCOVERY NEAR A NEWMONT GOLD MINE N • Discovered and fully owned1 by Sirios • Easy access to infrastructures ÉLÉONORE • Road access • Airstrip (Éléonore) Cheechoo • Hydro-electric power line Exploration Camp • Cheechoo exploration camp • Fiber Optic, 3G / LTE Network • AEMQ’s Discovery of the
Slide 10: Regional Geology
REGIONAL GEOLOGY N • Opinaca meta- sedimentary subprovince (2700-2648 Ma) ÉLÉONORE • La Grande volcano- plutonic subprovince (2880 Ma) • Regional context similar to Éléonore JT Éclipse CHEECHOO 5km CHEECHOO GOLD PROJECT | TSX-V SOI 10
Slide 11: Geology of the Cheechoo Deposit
GEOLOGY OF THE CHEECHOO DEPOSIT • The gold mineralization is mainly found in a tonalite intrusion surrounded by metasediments (meta-greywackes) • The mineralized tonalite is silicified, albite-rich and cut by pegmatite dykes • The tonalite contains varying amounts of amphibole, biotite, chlorite, di
Slide 12: Gold Mineralization
GOLD MINERALIZATION • Mineralization often associated with mm-cm quartz-feldspar sheeted or stockwerk veins and veinlets • Mineralization associated with a very low quantity of sulphides (<1% Po, As, Py) • Free and coarse gold • Frequent visible gold • Mineralization typical of a Reduced Intrusion-
Slide 13: 2022 Resource Estimate Update
2022 RESOURCE ESTIMATE UPDATE* INDICATED INFERRED Mineralized blocks higher than N RESOURCES RESOURCES the cut-off grade (0.35 g/t Au) Plan View 1.4 Moz 0.5 Moz Gold content 46 Mt 21 Mt Tonnage 250m 0.94 g/t 0.73 g/t Indicated resources Inferred resources 2022 MRE Update Conceptual Open Pit Drill ho
Slide 14: Metallurgical Tests
METALLURGICAL TESTS Gold Recovery • Excellent gold recovery 96.6% 97.1% (up to 97.1%) 91.0% 15.2% 9.1% • Free gold, often coarse • Potential for flotation of the 34.5% gravity process’ tailings Cyanidation Gravity • Low-polluting (< 0.2% sulfides 81.4% 88.0% in the tailings) 56.5% Cheechoo’s mineral
Slide 15: Environmental & Social Commitment
THE CHEECHOO GOLD PROJECT ENVIRONMENTAL & SOCIAL COMMITMENT
Slide 16: Cheechoo's Development Priorities
CHEECHOO’S 4 DEVELOPMENT PRIORITIES Welcome the neighbouring Cree communities as central partners in Cheechoo’s development 1 • Pursue strong and open dialogue with the Cree Nation of Wemindji • Provide employment and business opportunities to Eeyou Istchee’s Cree communities Protect the environment
Slide 17: Outlook
THE CHEECHOO GOLD PROJECT OUTLOOK
Slide 18: Metasediments Area
METASEDIMENTS AREA • The vast majority of the gold N PARAGNEISS mineralization found so far is in a tonalite intrusion surrounded by CHANNEL SAMPLE FROM TRENCH 2022-B metasediments METASEDIMENTS WITH 10.9 g/t Au / 1 m • During the summer of 2022, Sirios discovered gold mineralization at surface in t
Slide 19: Metasediments Area
METASEDIMENTS AREA • The vast majority of the gold N mineralization found so far is in a tonalite intrusion surrounded by NEXT STEPS metasediments (Summer 2023): Extensive exploration in • During the summer of 2022, Sirios the metasediments area discovered gold mineralization at (systematic prospect
Slide 20: Central Part of Trench 2022-B
CENTRAL PART OF TRENCH 2022-B See the 8/11/2022 Press Release
Slide 21: The Cheechoo Project Continues to Gather Momentum
THE CHEECHOO PROJECT CONTINUES TO GATHER MOMENTUM COMING - Summer 2023: Metasediments area exploration November 2022: New mineralization discovered in metasediments June 2022: Road access December 2022: Spring 2022: improved Mineral Resource 1-kg Re-assay Program Estimate Update June 2022: Camp infr
Slide 22: The Aquilon Property
ADVANCED EXPLORATION FOR HIGH-GRADE GOLD THE AQUILON PROPERTY
Slide 23: Aquilon: At the Center of a Highly Prospective Context
AQUILON: AT THE CENTER OF A HIGHLY PROSPECTIVE CONTEXT • Located in a large-scale fold hinge in a greenstone belt featuring several gold showings (along the Wolf Gold- bearing corridor) • Easy year-round access (all-weather road, nearby airstrip and helipad, nearby fully equipped lodging) Mirage out
Slide 24: Property Geology
PROPERTY GEOLOGY N I1D V1-V2 TUF S3 I4 AQUILON GREENSTONE S9 BELT Slowdance Red Toad Moman V3B Fleur-de-Lys V3B V1 Lingo-3 1 km AQUILON GOLD PROJECT | TSX-V SOI 24
Slide 25: The Wolf Gold-Bearing Corridor
THE WOLF GOLD-BEARING CORRIDOR Red Toad Lode gold mineralization occurs along the Wolf Gold-bearing Moman Fleur-de-Lys Corridor • The Lingo-3 West, Fleur-de-Lys, Moman and Red Toad showings are located within the corridor and form Lingo-3 West shallow plunging ore shoots with a N-NE orientation. • S
Slide 26: 32 Gold Showings Discovered So Far
32 GOLD SHOWINGS DISCOVERED SO FAR! N FLEUR-DE-LYS RED TOAD D 2.3 m @ 48.2 g/t Au D 3.5 m @ 12.3 g/t Au incl. 0.4 m @ 183.5 g/t Au incl. 0.2 m @ 108.0 g/t Au C 3.5 m @ 307.6 g/t Au MOMAN LINGO-3 WEST D 3.9 m @ 370.1 g/t Au D 0.8 m @ 3,230.9 g/t Au incl. 0.4 m @ 3,527.4 g/t Au incl. 0.2 m @ 12,906.5
Slide 27: High-Grade Gold Mineralization
HIGH-GRADE GOLD MINERALIZATION • Orogenic lode gold mineralization • High-grade multi-folded coarse gold-bearing quartz veins sub-parallel to the main ENE-WSW foliation (e.g. Lingo-3 West, Moman and Fleur-de-Lys showings) • Strongly asymmetrically folded veins plunging parallel to the stretching lin
Slide 28: Very High-Grade Example: The Moman Showing
VERY HIGH-GRADE EXAMPLE: THE MOMAN SHOWING Tonalite 8.53 g/t Au 14.35 g/t Au 0.12 g/t Au 32.5 g/t Au 0.11 g/t Au 26.3 g/t Au 3,527.4 g/t Au 11.85 g/t Au 1.15 g/t Au Basalt Tonalite MO-10-01 AQUILON GOLD PROJECT | TSX-V SOI 28
Slide 29: Disseminated Sulphides Gold Mineralization
DISSEMINATED SULPHIDES GOLD MINERALIZATION • Hosted in: • Gold mineralization (+/- Ag-Cu-Zn) 1. Felsic to intermediate associated with disseminated to semi- volcaniclastics massive sulphide-bearing horizons (Small Moose, Choco, Blueberry Wolf (pyrite-pyrrhotite ± chalcopyrite) and Sortilèges Dorés s
Slide 30: Disseminated Sulphides Example: The Slowdance Showing
DISSEMINATED SULPHIDES EXAMPLE: THE SLOWDANCE SHOWING Diorite Tonalite 0.25 g/t Au 4.63 g/t Au 0.15 g/t Au Diorite AQ20-109 AQUILON GOLD PROJECT | TSX-V SOI 30
Slide 31: 1999-2020 Diamond Drilling
1999-2020 DIAMOND DRILLING N As of March 2020: • 13,650 m of drilling (213 holes) RED TOAD 15 DDH • Historical drilling mostly concentrated on 4 very small 2 km A’ B’ areas (Lingo, Fleur-de-Lys, Moman and Red Toad) B • 70% of holes are less than 100 m C’ A MOMAN 17 DDH in length FLEUR-DE-LYS 14 DDH
Slide 32: All Known Gold Showings Are Outcropping
ALL KNOWN GOLD SHOWINGS ARE OUTCROPPING • All 32 gold showings discovered so far are at surface level and were located with only ground prospecting • Therefore, there is significant potential across the property to discover new mineralization in overburden-covered areas (most of Aquilon) • This is w
Slide 33: All Known Gold Showings Are Outcropping
ALL KNOWN GOLD SHOWINGS ARE OUTCROPPING GRENOUILLE 1 ELLE DU LOUP GRENOUILLE 2 ISABELLE SORTILÈGES DORÉS AQUILON GOLD PROJECT | TSX-V SOI 33
Slide 34: The New Vision
THE AQUILON GOLD PROJECT NEW VISION
Slide 35: Aquilon: Significant Potential for New Discoveries
AQUILON: SIGNIFICANT POTENTIAL FOR NEW DISCOVERIES • Aquilon is located in a highly prospective greenstone belt with multiple gold showings already discovered, with 2 different types of gold mineralization. However, a large part of the property remains unexplored. • While most historical exploration
Slide 36: Drill Target Generation
DRILL TARGET GENERATION • An in-depth review of the historical data, combined with new geophysical and geochemical data as well as new 3D geological modelling will generate new drilling targets throughout the property. • Several known gold shoots in the Wolf Gold-bearing Corridor remain open lateral
Slide 37: The New Partner
THE AQUILON GOLD PROJECT NEW PARTNER
Slide 38: Partnership with Sumitomo Metal Mining
PARTNERSHIP WITH SUMITOMO METAL MINING $14.8M OPTION AGREEMENT (announced Dec. 19, 2022) with Sumitomo Metal Mining Canada Ltd. • Sumitomo can earn a 51% interest by paying a sum of $200,000 at signing to Sirios and incurring an aggregate of $4.6 million in mineral exploration expenditures (before t
Slide 39: Developing the Aquilon Gold Discovery with Sumitomo
DEVELOPING THE AQUILON GOLD DISCOVERY WITH SUMITOMO We are honoured and very pleased to start working with ………Sumitomo to kick off a rigorous and systematic ………exploration program on the Aquilon property. We believe that this property is very prospective and remains underexplored considering the var
Slide 40: The New Exploration Program
THE AQUILON GOLD PROJECT NEW EXPLORATION PROGRAM
Slide 41: New Exploration Program
NEW EXPLORATION PROGRAM • New systematic 2023-2025 exploration program launched following the option agreement with Sumitomo Metal Mining Canada (Dec. 2022) • Recently completed (Winter 2023): • Large-scale till and B-Horizon geochemical survey; • Induced Polarization (IP) geophysical survey; • Seri
Slide 42: The Maskwa Property
GOLD EXPLORATION PROJECT THE MASKWA PROPERTY
Slide 43: Maskwa: Focus on a Highly Prospective Contact
MASKWA: FOCUS ON A HIGHLY PROSPECTIVE CONTACT N • Straddles the highly prospective Opinaca / La Grande contact • Located next to Au and PGE showings • Multiple Au-PGE-W anomalies discovered during the 2020 Till Survey PGE AU MASKWA 372 claims, 190 km2 ÉLÉONORE MINE CHEECHOO Au Showing PGE Showing 20
Slide 44: 2020 Till Anomalies
2020 TILL ANOMALIES N Ice SAMPLE #015 direction Au: 25 grains W minerals: 17 grains SAMPLE #054 SAMPLE #014 Au: 14 grains Au: 7 grains Platinum (Pt) and Palladium (Pd) arseniures as W minerals: 276 grains well as Tungsten (W) minerals are considered SAMPLE #055 TARGET #2 indicator minerals for certa
Slide 45: Lithium Exploration Potential
LITHIUM EXPLORATION POTENTIAL
Slide 46: Sirios' Properties' Potential for Lithium
SIRIOS' PROPERTIES' POTENTIAL FOR LITHIUM Several properties of Sirios are promising for lithium: • Strategic position in the James Bay region (1,618 claims) • CHEECHOO: presence of spodumene-bearing boulders (lithium mineral); • MASKWA: significant lithium geochemical anomalies (lake- bottom sedime
Slide 47: See the 31/01/2022 Press Release
See the 31/01/2022 Press Release
Slide 48: See the 31/01/2022 Press Release
See the 31/01/2022 Press Release
Slide 49: See the 01/03/2023 Press Release
See the 01/03/2023 Press Release
Slide 50: Contact Us: Sirios Resources
CONTACT US: SIRIOS RESOURCES info@sirios.com | 514-510-7961 410-1000 St-Antoine Ouest TSX-V: SOI Montréal, QC, Canada, H3C 3R7 www.sirios.com
Slide 51: Appendix I
APPENDIX I Notes to the MRE Table: 1. The independent qualified person for the 2022 MRE, as defined by NI 43-101 guidelines, is Pierre-Luc Richard, P. Geo., of PLR Resources Inc. The effective date of the estimate is July 20, 2022. 2. These mineral resources are not mineral reserves as they do not h
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