Slide 1: Pontax Maiden Resource Presentation
BUILDING A LITHIUM BUSINESS J A M E S B AY, Q U E B E C August 2023 Po ntax M a i d e n Re s o u rc e P re s e ntat i o n ASX:CY5 1
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains summary information about Cygnus Metals Limited (“Cygnus” or “the Company”). The information in this presentation is of general background and does not purport to be complete. FORWARD-LOOKING STATEMENTS COMPLIANCE STATEMENTS This presentation may cont
Slide 3: Pontax Maiden Resource – Investment Highlights
Pontax Maiden Resource – Investment Highlights Right Place, Right Time, Right Commodity Located in Canada’s Resource of 10.1Mt @ 6% Spodumene Upside & Scale, with over James Bay region – 1.04% Li2O and open in all Concentrate using 9km of spodumene One of the world’s directions1 conventional techniq
Slide 4: Pontax Maiden Resource – A Part of the James Bay Story
Pontax Maiden Resource – A Part of the James Bay Story James Bay with >300Mt of Lithium Endowment and Growing1 Pontax Maiden JORC Code 2012 Compliant Inferred Mineral Resource Estimate (MRE)2 of 10.1Mt @ 1.04% Li2O Pontax is strategically located in Central James Bay with excellent infrastructure
Slide 5: Pontax Project
CYGNUS METALS PONTAX PROJECT
Slide 6: Pontax Maiden Mineral Resource
Pontax Maiden Mineral Resource High Grade From Surface Pontax Maiden JORC Code 2012 Compliant Inferred Mineral Resource Estimate (MRE)1 of 10.1Mt @ 1.04% Li2O High-grade mineralisation from surface 1.2km of strike and OPEN in all directions Significant scope for expansion through step out dril
Slide 7: Growth Potential at Pontax
Growth Potential at Pontax Up to 9km of Spodumene Mineralisation Refer to Cygnus’ ASX announcements dated 29 July 2022, 18 January 2023, 14 February 2023, 21 March 2023, 19 April 2023 and 14 August 2023 for exploration results, including ASX announcement dated 14 August 2023 for assay results of pho
Slide 8: Growth Potential at Pontax
Growth Potential at Pontax Up to 9km of Spodumene Mineralisation GROWTH OPEN SCALE UNDEREXPLORED EXPLORATION FOCUS Pontax Central has Mineralisation is open in Spodumene pegmatites Large portion of the Drill rig due to arrive exhibited rapid growth; all directions with 50% identified over 9km strike
Slide 9: A Belt Scale Opportunity
A Belt Scale Opportunity 44km of Strike at Pontax PRIME GEOLOGICAL SETTING – 3 KEY INGREDIENTS 1. Late fractionated granite intrusion 2. Upper greenschist to amphibolite facies greenstone belt 3. Major structure THE HIGHLY PROSPECTIVE PONTAX BELT Likely same source granite as Allkem’s 110.2Mt @ 1.
Slide 10: Exceptional Potential for Further Discovery
Exceptional Potential for Further Discovery Multiple Planned Programs with Drilling, Geophysics and Mapping GEOPHYSICS MAPPING DRILLING LiDAR and magnetics to be completed Field teams deployed to map and Extension drilling planned at Pontax on newly acquired ground to northeast sample outcropp
Slide 11: Dual Track Strategy of Development and Exploration
Dual Track Strategy of Development and Exploration Planned and Ongoing Technical and Development Studies COMPLETE IN PROGRESS PLANNED First Pass Metallurgical Testwork › Environmental Studies › Advanced Metallurgical Studies (Planned 2023 - 2024) Environmental and social scoping in progress to ident
Slide 12: Significant Land Position in James Bay, Quebec
SIGNIFICANT LAND POSITION IN JAMES BAY, QUEBEC 12
Slide 13: James Bay is Elephant Country
James Bay is Elephant Country Cygnus is one of the largest landholders with an interest in 839km2 Corvette JAMES BAY LITHIUM EXPLORERS Sakami Project 109.2Mt @ 1.4% Li 2O Radisson 2,500 Adina James Bay Major Discovery - Canada Listed 110.2Mt @ 1.3% Li 2O 2,000 - Australia Listed Rose 34.2Mt @ 0.9% L
Slide 14: A Clear and Defined Acquisition Strategy
A Clear and Defined Acquisition Strategy Executed to create scale in James Bay (839km2) and industry leading partnerships Three Strategic Pillars centred on known greenstone belts: 1. Grow the exploration footprint around the advanced Pontax Project Completed with acquisitions from Canadian Mining
Slide 15: Acquisition of Auclair Project
ACQUISITION OF AUCLAIR PROJECT
Slide 16: Auclair Project
Auclair Project Cygnus Growth Through Acquisition Auclair – A Second Advanced Lithium Project Significant landholding of 417km2 covering known greenstone belts Located only 60km from Whabouchi1 - 55.7Mt @ 1.4% Li2O Auclair Project has only ever been drilled for gold with drilling between 1997
Slide 17: Auclair Project – Fieldwork Has Now Commenced
Auclair Project Fieldwork has now commenced Auclair – Spodumene Bearing Pegmatite Boulders ASX announcement dated 12 July 2023 identified spodumene bearing pegmatite boulders over 2.6km Airborne magnetics were completed in late June, with LIDAR planned for August Wildfires in the Auclair distr
Slide 18: Acquisition of Sakami Project
ACQUISITION OF SAKAMI PROJECT
Slide 19: Acquisition of Sakami Project
Acquisition of Sakami Project Cygnus Growth Through Acquisition Sakami – Prime Position in the La Grande Greenstone Belt Significant landholding of 118km2 covering highly prospective La Grande greenstone belt Option agreement to acquire 100% interest in project over 4 stages Located just 44km
Slide 20: Acquisition of Sakami Project
Acquisition of Sakami Project Cygnus Growth Through Acquisition Sakami – Prime Position in the La Grande Greenstone Belt ASX Announcement on 4 July 2023 - Dozens of Pegmatite Targets Identified1 Outcrops up to 140m in strike Sits close to infrastructure with Hydro Quebec powerlines and Trans T
Slide 21: Thank You
THANK YOU CONTACT INFORMATION: David Southam Managing Director T: +61 8 6118 1627 E: info@cygnusmetals.com