TSXV:SAE CORPORATE PRESENTATION. August Greenfield Exploration at its Best

Transcription

1 TSXV:SAE CORPORATE PRESENTATION August 2018 Greenfield Explratin at its Best

2 Frward Lking Statements Certain statements in this presentatin dcument are frward-lking statements, which reflect the expectatins f management regarding the business develpment bjectives and plans f Sable Resurces Ltd. and it s subsidiaries (cllectively referred t as Sable r the Cmpany. Frward-lking statements cnsist f statements that are nt purely histrical, including any statements regarding beliefs, plans, expectatins r intentins regarding the future. Frward-lking statements in this presentatin include: statements regarding the cmpany s prpsed targets fr prductin and fr ther explratin and develpment plans; statements regarding explratin upside; statements regarding prjected metallurgical recveries; statements regarding plans fr 2018 explratin and develpment; statements regarding expected csts; statements regarding the mill; and statements regarding 2018 bjectives and targets. Such statements are subject t risks and uncertainties that may cause actual results, perfrmance r develpments t differ materially frm thse cntained in the statements. N assurance can be given that any f the events anticipated by the frward-lking statements will ccur r, if they d ccur, what benefits the Cmpany will btain frm them. These frward lking statements reflect management s current views and are based n certain expectatins, estimates and assumptins which may prve t be incrrect. A number f risks and uncertainties culd cause the Cmpany s actual results t differ materially frm thse expressed r implied by the frward-lking statements, including: (1) a dwnturn in general ecnmic cnditins in Nrth America and internatinally, (2) the inherent uncertainties and speculative nature assciated with gld and silver explratin, (3) a decreased demand fr gld and silver, (4) any number f events r causes which may delay explratin and develpment f the Cmpany s prperty interests, such as envirnmental liabilities, weather, mechanical failures, safety cncerns and labur prblems, (5) the risk that the Cmpany des nt execute its business plan, (6) inability t finance peratins and grwth, (7) inability t btain all necessary permitting and financing, and (8) ther factrs beynd the Cmpany s cntrl. These frward lking statements are made as f the date f this presentatin and the Cmpany assumes n bligatin t update these frward lking statements, r t update the reasns why actual results differed frm thse prjected in the frward-lking statements, except in accrdance with applicable securities laws. Additinal infrmatin abut the Cmpany and these and ther assumptins, risks and uncertainties is available in the Cmpany s public filings with Canadian securities regulatrs, available n SEDAR at Any Resurces, Reserves r ther estimates as t the vlume f mineralized rck cntained herein are histrical estimates and were cmpleted prir t the implementatin f NI unless expressly stated. Sufficient wrk t classify the histric mineral resurce as a current mineral resurce has nt been cmpleted. Hence, the resurce estimate shuld nt be relied upn. 2

3 Sable Highlights TARGETING LAND POSITION PARTNERSHIPS Fcused n underexplred prjects with gd ptential fr camp size, high-grade discveries Large size mineral tenure packages t allw fr mineral belt scale explratin and discvery f wrld class depsits JDS Energy and Mining Inc., and Talisker Explratin Services Inc. MANAGEMENT POLITICAL RISK PROGRAM EXECUTION New management team in place as f 2017 with a gd track recrd f success All prjects lcated in safe, stable British Clumbia. Argentinian & Mexican Jurisdictins Experienced well-trained cuntry based explratin teams with lcal knwledge and skills 3

4 Crprate Share Structure and Capitalizatin Capital Structure (C$M Except Per Share Figures) Current Price (as at Aug 03, 2018) C$ Wk High C$ Wk Lw C$0.12 Shares Outstanding 119,1 Market Capitalizatin $27.4 Less: Cash (Aug ) $2.8 Plus: Debt $0 Enterprise Value $25 Dilutive Securities Type Expiry Strike Amunt Warrants 8-Sep-19 $ ,305,500 Optins 24-Oct-21 $0.10 1,600,000 Optins 3-May-22 $0.15 2,550,000 Optins 10-Nv-22 $0.17 2,200,000 Optins 26-Mar-23 $ ,200,000 Ttal 36,855,500 (Add) Basic Shares Outstanding 119,076,049 Fully Diluted Shares Outstanding 156,031,549 1 Year Share Price Perfrmance 4

5 Crprate Sable Leadership MANAGEMENT Tm Obradvich President, CEO, Chairman Luis Arteaga QP, Explratin Manager Terry Harbrt VP Crprate Develpment Ruben Padilla VP Explratin Over 30 years experience in mining explratin, develpment and financing. He is President and Chief Executive Officer f Canadian Cntinental Explratin Crp.; was a key individual behind Aurelian Resurces (acquired by Kinrss Gld Mines fr $1.2 billin in 2008), which discvered the Fruta Del Nrte gld depsit in Ecuadr; a cfunder f Canadian Ryalties Inc., which discvered and develped the Raglan suth nickel belt; acquired mst f the Matachewan gld camp by an RTO f Yung-Davidsn Mines Ltd. which was subsequently acquired by Nrthgate Minerals in 2005; and serves n the bard f Barkerville Gld Mines Ltd. and Dalradian Resurces Inc. Mr. Arteaga is a prfessinal gelgist with mre than 13 years f experience in precius metals explratin in a wide range f mineral depsits. Luis has wrked fr varius majr and junir cmpanies including 5 years with AnglGld Ashanti in Clmbia and Brazil. Luis jined Talisker Explratin Services in 2011 as Senir Gelgist where he wrked in Mexic, Peru, Nrthern Ireland and Canada n behalf f the Osisk grup f cmpanies. Luis hlds a BSc in gelgy frm Universidad Nacinal de Clmbia and an MSc degree frm Laurentian University. Luis is a P.Ge and member in gd standing f the APGO in Ontari and hlds a temprary permit frm the OGQ in Quebec. PhD in Structural Gelgy and Tectnics. Recgnised senir member f the discvery team f AnglGld's Ashanti's La Clsa and Gramalte depsits. Specialist in mapping and interpretatin f re gemetries and re cntrls cvering varius types f gelgical envirnments with direct applicatins t mineral ecnmics frm target generatin, target definitin and evaluatin, and prject management. Cfunder and VP Explratin f Talisker Explratin Services. Currently the Chief Gescientist fr Barkerville Gld Mines Ltd and Osisk Nminee t the bard f IDM Mining. PhD frm the University f Arizna. Over 30 years experience in the mineral explratin industry, Dr. Padilla has cmpleted imprtant research at the La Escndida depsit. With AnglGld Ashanti Ltd., he acted as explratin cuntry manager in Peru and in Clmbia and as chief gelgist fr the Americas explratin grup. He was part f the team that discvered the Clsa and Gramalte depsits in Clmbia. He is the funder and chief gelgist fr Talisker Explratin Services Inc. Dr. Padilla is a directr f UniGld Inc. and Minera Alams Inc. 5

6 Crprate Sable Leadership BOARD OF DIRECTORS Brent Gilchrist Directr Terence Harbrt Directr Andres Tinajer Directr Dnald Njegvan Directr Tm Obradvich President, CEO, Chairman An accmplished finance executive with extensive experience in the investment and banking sectrs. He is currently the President f JDS Resurces Inc., the JDS Grup f Cmpanies venture capital and private equity arm respnsible fr investment management, acquisitins and prject financing. Brent is als the President and Cfunder f JDS Silver Inc., the wner and peratr f the Silvertip Mine lcated in Nrthern British Clumbia. PhD in Structural Gelgy and Tectnics. Recgnised senir member f the discvery team f AnglGld's Ashanti's La Clsa and Gramalte depsits. Specialist in mapping and interpretatin f re gemetries and re cntrls cvering varius types f gelgical envirnments with direct applicatins t mineral ecnmics frm target generatin, target definitin and evaluatin, and prject management. C-funder and VP Explratin f Talisker Explratin Services. Currently the Chief Gescientist fr Barkerville Gld Mines Ltd and Osisk Nminee t the bard f IDM Mining. Hlds a MBA and is a Member f the Canadian Institute f Chartered Prfessinal Accuntants, the Certified Practicing Accuntants f Australia and he is a Certified member f the Institute f Crprate Directrs. He has served as CFO and Vice President f Finance f several medium sized public cmpanies acrss Canada. Has ver 25 years f experience in the mining industry. He hlds a bachelr f science in mining engineering frm Michigan Technlgical University and a bachelr f arts frm the University f Manitba. Currently, he is the vicepresident, new business develpment, at Osisk Mining Crp. He was frmerly managing directr f glbal mining at Sctiabank, an investment banker at Tll Crss Securities Inc., and als wrked undergrund and as a mining engineer thrughut Nrth America. Mr. Njegvan is a directr f Cabral Gld Ltd. and was n the bard f directrs f St. Andrew Gldfields Ltd. up until it was acquired by Kirkland Lake Gld. Over 30 years experience in mining explratin, develpment and financing. He is President and Chief Executive Officer f Canadian Cntinental Explratin Crp.; was a key individual behind Aurelian Resurces (acquired by Kinrss Gld Mines fr $1.2 billin in 2008), which discvered the Fruta Del Nrte gld depsit in Ecuadr; a cfunder f Canadian Ryalties Inc., which discvered and develped the Raglan suth nickel belt; acquired mst f the Matachewan gld camp by an RTO f Yung-Davidsn Mines Ltd. which was subsequently acquired by Nrthgate Minerals in 2005; and serves n the bard f Barkerville Gld Mines Ltd. and Dalradian Resurces Inc. 6

7 Strategy Discvery by Systematic Explratin Well-funded junir grassrts explrer fcused n the discvery f new precius metal prjects thrugh systematic explratin in endwed terranes lcated in favrable, established mining jurisdictins Sables' main fcus is develping their large prtfli f new greenfield prjects t resurce stage utilizing their Upper Level Epithermal Strategy 7

8 Sable Mexic Greenfields Majr Style Explratin by a Junir Implementatin f Upper Level Epithermal Strategy $4.2M Investment t Date 92% in the Grund Systematic Phase-Based Explratin 10,000 Stream Sediment Samples 1,600 Sil Samples 1,100 Rck Samples 1.7M Ha Explred Reductin Plan t 250,000 Ha 140 New Targets Generated Rbust Prject Pipeline 100% Sable Owned 8

9 Sable Mexic Greenfields Majr Style Explratin by a Junir Prven Discvery Methdlgy N Prject Recycling Wrld Class Pipeline Clear Pathway t Drilling Clear Advance r Discard Criteria Experienced Knwledgeable Team High Risk Early Stage Already De-Risked 9

10 Sable Mexic Greenfields Drill Prject Overview TSXV:SAE August

11 Margarita Discvery Currently Drilling - Bnanza Grade Target Lw-Intermediate Sulphidatin Epithermal Ag 1.7km f Outcrpping Multiple Veins Chanel Sampling g/t Ag 1kg/t+ values in Drill Results Wide Vein Intercept Widths t ver 12m Mining Friendly Chihuahua Adjacent t Sunshine Silver Ls Gats (256Mz AgEq) & Surrunded by Sunshine Claims Nt Previusly Drilled Optin t Earn 100% 11

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16 Margarita Vein intercepts E TSXV:SAE August

17 Margarita Currently Drilling - Bnanza Grade Target 256Mz AuEq Glbal Resurce 17

18 Vinata Grassrts Discvery Frm Systematic Explratin Grassrts Discvery Nt Previusly Drilled Strng Pathfinder Indicatrs Lw-Sulphidatin Epithermal Mining Friendly Chihuahua 100% Sable Owned Cmpleted Permitting Initiated Drill Ready 18

19 Vinata Grassrts Discvery Frm Systematic Explratin 167 Rck-Chip Samples up t 184 ppb Au Anmalus As, Sb, Hg, Ba Gechemical signature f lw anmalies f Au, strngly anmalus As, Sb, Hg and Ba, and lw Ag, Cu, Pb and Zn are characteristic f the upper levels f an epithermal system 19

20 Vinata Planned Explratin! Drilling Planned after Permitting Prcess fr Q4 2018! 9 Hles Ttaling 2,580m t Test Current Targets! Q1 Detailed Gelgical Mapping, Rck and Sil Sampling Alng Trend t Define New Drill Targets 20

21 El Escape Multiple Drill Ready Targets Grassrts Discvery Upper Level Lw-Sulphidatin Epithermal Clse t Infrastructure Chalcednic t Opaline Textures Mineralised Abve Bnanza Au t 1.5g/t, Ag t 66g/t 100% Sable Owned Cmpleted Permitting Underway Drill Ready 21

22 El Escape Central Target Area 550m X 200m Zne f Chalcednic Silicificatin 3-5% Disseminated Pyrite, cut by Phreatic Breccias Breccias Rck Chips Up t 0.609ppm Au, Anmalus Ag, Hg, As, Sb Strng Chalcednic-Opaline Veinlets (upper level) Up t 0.702ppm Au & 66.1ppm Ag Anmalus Hg, As, Sb 250m X150m Kalinite-Smectite Zne Up t 1.49ppm Au & 24.7ppm Ag Anmalus Hg, As and Sb N 22

23 El Escape Suthern Target Area Bluejint Resurces Inc. El Escarpe Prject, Mexic, NI Technical Reprt 1,200m X 150m Zne f Chalcednic Veins and Siliceus S. D. Redwd 15 June 2015 N Cllfrm Banding & Replacement Texture Marcasite-Rich Gingur Bands Rck Chip Results: Up t 1.03 ppm Au, Up t 12.5 ppm Ag Anmalus Hg, As and Sb Figure 9.7 Gld values in rck chip sampling at the Suth Area, El Escarpe prject. TSXV:SAE August 2018 Map by Bluejint, The lcatin within the Crregidra claim is shwn in Figure

24 San Juan Reginal Extending the Prlific El Indi Trend in Argentina 15 Targets Identified in 35,000ha 5 Lcated in Dn Juli Cluster High & Lw-Intermediate Sulphidatin Style Epithermal Recgnized by Sable Explratin Team Mining Friendly San Juan Jurisdictin Optin t Own 100% 24

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26 Dn Juli Drill Ready High-Sulphidatin Epithermal 2 Large Gld & Alteratin Targets: Margarita (2km X 2km) & Heaven Hill (2km X 0.5km) Hsted in 5km X 5km Vlcanic Caldera Mapping and Sampling Cmpleted Dated verprinting mineralizing events analgus t Valader (10Ma), Pascua Lama (~8.7Ma) and El Indi (6.5Ma) Drill Permitted Phase 2 Detailed Mapping and Sampling Cmplete Drill Ready Octber

27 Dn Juli Elephant Ftprints 2km 2km 27

28 Dn Juli Cnceptual Mdel 28

29 Dn Juli Drill Hle Targeting 29

30 British Clumbia Prject Overview 7,260 ha land package 100% wned, n NSRs Prject has nly received limited prspecting wrk with discveries f multi z/t gld and multi kg/t silver in rck samples 6,600 ha land package 2 past prducing high grade mines and permitted mill 35 km NW f Kemess Suth pen pit Au-Cu mine 55,000 m f histrical drilling 12,525 ha land package 100% wned, n NSRs Cincident gechemical & gephysical anmaly Gd prperty access and infrastructure Ni-Cu +/- C-Au-PGM target Prject has received limited airbrne gephysics N previus drilling r significant grundwrk Lcated near gd infrastructure in suthern BC 30

31 Tulx Explratin in Mexic and British Clumbia Intrusin Related Depsit 100% Sable Owned 12,540 ha land package Nt Previusly Drilled Rbust 4km lng Gld in Sils Anmaly Drill Permitted Drill Ready 31

32 Tu l x Explratin in Mexic and British Clumbia Drill Plan TSXV:SAE August m 9 hles in 3 fences 350m depth 32

33 Baker Prject Asset Overview Prject Name Baker Prject Ownership 100% Lcatin Access / Infrastructure 430 km NW f Prince Gerge 35 km NW f Kemess Suth Rad access, 35 man camp n-site Airstrip Pwer grid 35 km frm site tpd mill BOT Prject Gelgical Mdel Cu-Au prphyry system with related deep (mes-intermediate) and shallwer (lw-intermediate) sulphidatin Au-Ag-+/-Cubase metal veins 43 km Target Size 6,600 ha land package 2 mining leases, permitting in place Histrical Wrk Tw histric mines, 94% histrical recveries fr gld 55,000 m f histrical drilling, fcused n histric mine sites Histrical drilling did nt test ptential at depth Histrical Drilling Results Drilling underneath histric mines: 19 g/t Au ver 1.3 m, 38 metres belw wrkings 4.1 g/t Au & 56.7 g/t Ag ver 2 m, 50 metres belw wrkings Baker Prject 33

34 BOT Prject Asset Overview Prject Name BOT Prject Ownership 100%, subject t remaining payments 500,000 cmmn shares issued upn cmpletin f an NI utlining a minimum f 500,000 z Au Lcatin 43 km NW f the Baker Prject Gelgical Mdel The prperty ccupies a unique sectin f the Tdggne Arc where bi-mdal (felsic and basalt) vlcanism predminated as ppsed t calc-alkaline dacitic vlcanics, similar t the vlcanic framewrk identified alng the Eskay Creek Arc Mineralizatin Style A majr NW trending structure cntrlled the emplacement f a mineralized mnznite that intrduced Cu-Zn-Pb-Ag-Au-Ba and flurite thrugh quartz-barite stckwrks int sheared vlcanic hst Land Size 7,260 ha land package Histrical Wrk Felsic vlcanics, intimately assciated with high grade Au and Ag values, have been sampled ver 7.5 km 34

35 Tulameen Prject Asset Overview Prject Name Tulameen Prject Ownership 100% Lcatin Gelgical Mdel 16 km W f the Cpper Muntain Mine and the city f Princetn, BC The prperty gelgy f the Tulameen Suth Claims includes sedimentary-vlcanic units f thelate Triassic Nicla Grup intruded by Jurassic t Triassic intrusins f the TUC as well as late Triassic dirites. In this reprt the ultramafic pyrxenite unit and gabbr mapped n the claims is cnsidered t be related with the emplacement f the TUC. Mineralizatin Style Ni-Cu +/- C-PGE-Au magmatic sulphide depsit Land Size 760 ha land package Histrical Wrk Stream gechemistry and airbrne gephysical survey 35

36 Investment Highlights Scale: Camp size prperties, with demnstrated ptential fr high grade gld discveries Limited Histrical Explratin: Fractured and private wnership and depressed metal prices resulted in very little meaningful explratin cnducted n the Cmpany s prperties New targets New discveries: Fcus n develping and testing new targets with gd gelgic mdels Well Funded: Cmpany is sufficiently funded t test all drill ready prjects Mexican Epithermal Strategy: 3 large untested epithermal systems ready fr drilling in Mexic with an extensive prtfli f prjects in the pipeline t develp t drill ready status A Frntier Glden Triangle in BC: Gelgical setting present in the Glden Triangle (Eskay Creek, Galre Creek, Brucejack, Red Chris) extends int the Tdggne Arc where the Cmpany cntrls an impressive land and infrastructure package Year rund explratin: Prjects spanning frm nrthern BC t suthern Mexic allw fr fur-seasn explratin t allw fr cntinuus explratin news Stable Jurisdictins: All prjects lcated in stable Nrth American Jurisdictins (BC and Mexic) Prven Team: Tm Obradvich was frmer CEO f Barkerville Gld Mines, and helped build Barkerville int ne f the premier explratin stries in Canada 36

37 Cntact Crprate Head Office: Suite West Hastings St Vancuver, BC Call Tm Obradvich fr mre infrmatin: Or 37