BuchansResources Limited. Buchans VMS Project, Newfoundland - Update

Transcription

1 Limited Buchans VMS Project, Newfoundland - Update November 2018

2 Forward-Looking Statements Buchans Resources Limited ( Buchans or the Company ) has prepared this presentation for information purposes only. The information contained herein was prepared by management on a best efforts basis and is believed to be accurate. This presentation contains or refers to "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this release, other than statements of historical fact, which address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking information. Wherever possible, words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "anticipates" or "does not anticipate", "believes", "intends" and similar expressions or statements that certain actions, events or results "may", "could", " "would", "might" or "will" be taken, occur or be achieved, have been used to identify forward-looking information. In particular, all statements in this presentation that address estimated resource quantities, grades and contained metals, possible future mining, and exploration and development activities are forward looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results. Shareholders and prospective investors are cautioned not to place undue reliance on forwardlooking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. This presentation may contain certain information derived from official government publications, industry sources and third parties. While we believe inclusion of such information is reasonable, such information has not been independently verified by us or our advisers, and no representation is given as to its accuracy or completeness. The TSX Venture Exchange nor any other exchange has reviewed and nor do they accept responsibility for the adequacy or accuracy of material presented in this document.

3 Outline Company Introduction Project Background Current Strategy & 2018 Program Results where we are headed Limited (formerly Minco Plc) a new company formed from base metal assets spun out of Minco Plc after Minco taken over by Dalradian Resources (Aug-2017) Not Currently Listed - postpone the planned listing of the Company s shares pending more favourable market conditions. continue in good standing as a Reporting Issuer in the Provinces of British Columbia, Alberta, Nova Scotia, and Newfoundland & Labrador in compliance with Securities Acts and Regulations in Canada including NI public filings available on SEDAR

4 International Presence: Trans-Atlantic Resource Opportunities Irish Midland Orefield (Zn-Pb-Ag) Moate Exploration Irish-Type Zn-Pb Navan JV Tara Boliden (adjacent - Boliden s Tara Mine) Toronto North Pennine Orefield (Zn-Pb-Ag) Exploration Irish-Type Zn-Pb Buchans (Zn-Pb-Cu-Ag-Au) PEA & Exploration historic mining district very high-grade VMS deposits Woodstock (Mn) PEA Plymouth deposit (Mn carbonate) Xtierra Ag-Zn-Pb (22% - TSXV:XAG) PEA Bilbao (skarn) Laguna Project (Ag-Tailings)

5 Buchans VMS Camp Buchans CENTRAL MOBILE BELT AVALON ZONE Volcanic/epiclastic rocks Ophiolite Deposits >200,000 tonnes (production and/or reserves) Buchans Resources controls several undeveloped deposits (Ord. - Buchans Group & Cambro-Ord. Victoria Lake Group) St. John s 100 km (after Swinden,1991 and Evans & Kean, 2002)

6 BUCHANS PROJECT - BACKGROUND Asarco Mt % CBM %Zn, 7.6%Pb, 1.3%Cu, 1.37g/t Au, 126g/t Ag (mined ) resources left behind - large resource - lower-grade stockwork - potential for open pit development - Lundberg Inferred Resource - Lundberg Positive PEA (Inferred Resource - Lundberg) expanded & upgraded to Indicated & Inferred resources - Lundberg RDC metallurgical study (Lundberg + district s satellite deposits - central mill)

7 District Opportunity Lundberg 100% BRL Indicated % Zn, 0.60% Pb, 0.35% Cu, 5.31 g/t Ag, 0.07 g/t Au Inferred % Zn, 0.54% Pb, 0.27% Cu, 4.47g/t Ag & 0.08 g/t Au ($15US NSR cut-off) Buchans Buchans (past prod.) 16.2 Mt 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au & 126 g/t Ag (Asarco, ) Millertown Buchans Resources Properties Canadian Zinc Properties Daniels 100% BRL Indicated % Zn, 2.5% Pb, 0.3% Cu, g/t Ag, 0.6 g/t Au Inferred % Zn, 2.1% Pb, 0.3% Cu, 85.9 g/t Ag, 0.53 g/t Au (2% Zn cut-off) 20 km NI Compliant Resource Historic mine Bobbys Pond (1.1% CuEq) - 100% BRL Indicated % Zn, 0.4% Pb, 0.9% Cu, 16.6 g/t Ag, 0.2 g/t Au Inferred % Zn, 0.3% Pb, 1.0% Cu, 11.0 g/t Ag & 0.06 g/t Au Tulks Hill 49% BRL:51% Prominex Indicated % Zn, 1.6% Pb, 0.9% Cu, 35.1 g/t Ag, 1.2 g/t Au (1.1% CuEq) Duck Pond Mine (past prod.) % Zn, 2.7% Cu, 53 g/t Ag, 0.6 g/t Au (Teck, ) Lemarchant 100% NZC (4% zinc equiv. cut-off) Indicated % Zn, 1.6% Pb, 0.7% Cu, 64.0 g/t Ag, 1.22 g/t Au Inferred % Zn, 1.1% Pb, 0.5% Cu, 44.7 g/t Ag, 1.1 g/t Au Long Lake 100% NZC (using a 7.0% zinc equiv. cut-off) Indicated % Zn, 1.6% Pb, 1.0% Cu, 49 g/t Ag, 0.57 g/t Au Inferred % Zn, 1.2% Pb, 0.7% Cu, 34 g/t Ag, 0.48 g/t Au Map Area Boomerang Deposits 100% NZC (1% Zn cut-off) Indicated % Zn, 3.0% Pb, 0.5% Cu, g/t Ag, 1.7 g/t Au Inferred % Zn, 2.9% Pb, 0.4% Cu, 96.5 g/t Ag, 1.3 g/t Au Domino (Inferred) % Zn, 2.8% Pb, 0.4% Cu, 94 g/t Ag, 0.6 g/t Au Hurricane (Inferred) % Zn, 7.0% Pb, 1.2% Cu, 159 g/t Ag, 0.9 g/t Au Cambro-Ord. Volc.

8 Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be considered for estimation of mineral reserves, and there is no certainty that inferred mineral resources will be realized. Lundberg District s Pivotal deposit 2,500 2,030 - District hosts >2 billion lbs Zn, >700 million lbs Pb, & >300 million lbs Cu Millions 2,000 1,500 1, Lundberg hosts more than half district s Cu & Pb, and almost as much Zn as all other deposits combined 1, District Total VLSG (all NI ) Zn (lbs) Pb (lbs) Cu (lbs) Lundberg * combined Indicated & Inferred resources

9 LUNDBERG RESOURCE open pit bulk tonnage 1 Resources that are not mineral reserves do not have demonstrated economic viability. Resource Estimate reported from: Technical Report prepared by Michael Cullen, P. Geo. & Andrew Hilchey, P.Geo., of Mercator Geological Services Limited. * cut off based on operating & processing costs estimated by Tetra Tech (2011 PEA). Feb yr trailing average metal prices: $0.95 /lb Zn, $1.00 /lb Pb, $3.68 /lb Cu, $29.00 /oz Ag, $1, /oz Au. Since 2011 upgraded resource metallurgy - recoveries processing - central mill 2 PEA based on Inferred Mineral Resources, not Mineral Reserves, and do not have demonstrated economic viability. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is therefore no certainty that the conclusions of the PEA will be realized. PEA assumptions: metal prices - ($US) $1.22 Zn/lb, $1.10 Pb/lb, $3.62 Cu/lb, $22.74 Ag/oz; Exchange Rate: $1.012 CAN$:US$.

10 BUCHANS Lundberg Deposit sulphide prospects deposits (past producers-projected to surface) favourable alteration Buchans camp rocks Outline of Buchans Camp rocks after GSC 2016 Lundberg (near surface - stockwork) below Lucky Strike (massive sulphides) Red Indian Lake Asarco mined 16.2 Mt 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au & 126 g/t Ag ( ) - 80% historic production from Buchans Resources property - 5 km

11 VMS DEPOSITS (Buchans model) in situ ore massive sulphides (25-28% Zn-Pb-Cu) (48% of ore mined) stockwork ore sulphide-rich vein networks (2-6% Zn-Pb-Cu) (not mined) transported ore debris flow deposits (16-22% Zn-Pb-Cu) (52% of ore mined) Schematic block diagram of the MacLean channel, Lucky Strike area, illustrating hydrothermal vents along synvolcanic faults, diatreme activity associated with subvolcanic plutonic body, ore bearing slumps and debris flows (modified after Kirkham and Thurlow, 1987; and Thurlow, 2001).

12 LUNDBERG Bulk Tonnage Resource Mineralization

13 LUNDBERG STOCKWORK DEPOSIT Lundberg H m

14 Lundberg Lundberg Zone 200 m 2012 drill hole 2008 drill hole Previous surface drill hole Historic underground drill hole Workings projected to surface Resource Limits - projected to surface 2013 Indicated & Inferred (US$15 NSR) *Figure excludes holes drilled after 2012 Engine House Zone 14

15 NSR ($ US) >150 LUNDBERG Bulk Tonnage Resource NW 100 to to to to to m 2013 Resource Model ($15 US cut off) $0.95 lb Zn $1.00 lb Pb $3.68 lb Cu $29.00 oz Ag $1, oz Au SE 0 m old workings Lucky Strike glory hole 200 m old workings Two Level 300 m 400 m Lundberg Section A (looking Northeast) resource blocks 5 m includes Indicated & Inferred (2013 Resource Block Model) * excludes holes drilled after 2012

16 NSR ($ US) >150 LUNDBERG Bulk Tonnage Resource SW 0 m 100 to to to to to 25 glory hole 400 m 2013 Resource Model ($15 US cut off) $0.95 lb Zn $1.00 lb Pb $3.68 lb Cu $29.00 oz Ag $1, oz Au old workings - Lucky Strike NE 200 m 300 m 400 m Lundberg Section B (looking Northwest) resource blocks 5 m includes Indicated & Inferred (2013 Resource Block Model) * excludes holes drilled after 2012

17 NSR ($ US) >150 LUNDBERG Bulk Tonnage Resource NW 100 to to to to to 25 glory hole 2013 Resource Model ($15 US cut off) $0.95 lb Zn $1.00 lb Pb $3.68 lb Cu $29.00 oz Ag $1, oz Au 300 m SE 0 m 200 m old workings Lucky Strike 300 m old workings Engine House 400 m Section C (looking Northeast) Engine House resource blocks 5 m 3 includes Indicated & Inferred (2013 Resource Block Model) * excludes holes drilled after 2012

18 NSR ($ US) >150 LUNDBERG Bulk Tonnage Resource SW 100 to to to to to m 2013 Resource Model ($15 US cut off) $0.95 lb Zn $1.00 lb Pb $3.68 lb Cu $29.00 oz Ag $1, oz Au NE 0 m 200 m 300 m 400 m Section D (looking Northwest) Engine House resource blocks 5 m 3 includes Indicated & Inferred (2013 Resource Block Model) * excludes holes drilled after 2012

19 BUCHANS PROJECT LUNDBERG substantial base metal inventory large potentially open pitable resource brownfield site - excellent infrastructure potential access - existing mill (65 km road) Mill (~2,000 t/d mill) STRATEGY continue to advance evaluation of Lundberg - incorporating improve results - recent work completed since 2011 PEA (expanded resource, improved metallurgy, milling options) explore for additional nearby resources that could complement Lundberg 2018 PROGRAM Drilling (~8,000 m) Borehole Geophysical Surveys SkyTEM AEM surveys (~1,000 line km) Lundberg Updated Resource Estimate (fill in gaps in the 2013 resource) Lundberg - Internal Scoping Study...recent technical inputs - since 2011 PEA

20 2018 Program Exploration Lundberg Deposit Buchans Millertown Buchans Drilling (5,200 m) 2,200 m - Lundberg - (16 ddh) 3,000 m - other targets (10 ddh) 10 km BHEM surveys Buchans & Tulks North exploration potential at depth SkyTEM AEM Surveys ~1,000 ln km in 2 blocks some areas - 1 st AEM since 1980 s Bobbys Deposit Tulks North Drilling (2,800 m) 1,100 m - Bobbys - (2 ddh) 1,700 m Daniels - (3 ddh) Daniels Deposit Buchans Resources Properties NI Compliant Resource Historic mine Cambro-Ord. Volc.

21 2018 Results Lundberg Resource Drilling 4.8 m % CBM 29.0 m % CBM 6.0 m % CBM wk. min m % CBM incl m % CBM 23.8 m % CBM incl. 8.0 m % CBM m % CBM 0.5 m % CBM 35.7 m % CBM 28.0 m % CBM 10.0 m - 1.0% CBM 1.0 m % CBM & 1.8 m % CBM 8.9 m % CBM & 64.0 m % CBM wk. min. wk. min. 0.8 m 24.95% CBM N 5.05 m 5.98% CBM 4.0 m 19.61% CBM 2013 Lundberg Resource Outline underground workings projected to surface 0.10 m % CBM wk. min. 2.7 m 9.87% CBM 100 m 2018 drill hole (angle hole) drill hole historic surface/ underground hole topographic contours 2 m 0.94 m 12.04% CBM 2.65 m 4.61% CBM 0.8 m - 1.7% CBM mineralization above Lundberg may ultimately enhance - open pit development drill hole although further work is needed, we believe availability of remnant high-grade %CBM- combined Cu+Pb+Zn% - complete assays available on

22 2018 Results Lundberg Resource Drilling 29.0 m % CBM 6.0 m % CBM wk. min m % CBM incl m % CBM 28.0 m % CBM 10.0 m - 1.0% CBM m % CBM 35.7 m % CBM 8.9 m % CBM & 64.0 m % CBM wk. min. wk. min. N 2013 Lundberg Resource Outline 100 m underground workings projected to surface wk. min drill hole (angle hole) drill hole although further work is needed, we believe availability of remnant high-grade drill hole historic surface/ underground hole topographic contours 2 m 0.8 m - 1.7% CBM mineralization above Lundberg may ultimately enhance - open pit development... %CBM- combined Cu+Pb+Zn% - complete assays available on

23 2018 Results Lundberg Resource Drilling 4.8 m % CBM 0.5 m % CBM 23.8 m % CBM incl. 8.0 m % CBM 1.0 m % CBM & 1.8 m % CBM 0.8 m 24.95% CBM N 5.05 m 5.98% CBM 4.0 m 19.61% CBM 2013 Lundberg Resource Outline 0.10 m % CBM 2.7 m 9.87% CBM 100 m underground workings projected to surface 2018 drill hole (angle hole) drill hole historic surface/ underground hole topographic contours 2 m 0.94 m 12.04% CBM 2.65 m 4.61% CBM mineralization above Lundberg may ultimately enhance - open pit development drill hole although further work is needed, we believe availability of remnant high-grade %CBM- combined Cu+Pb+Zn% - complete assays available on

24 Lucky Strike Drilling North Orebody (proximal-transported) 0.5% Cu, 4.5% Pb, 8.2% Zn, 123 g/t Ag, 1.7 g/t Au (mined) H m 9.48% CBM 0.76% Cu, 3.15% Pb, 5.57% Zn, 90.5 g/t Ag & 0.37 g/t Au incl m 14.83% CBM 1.26% Cu, 4.87% Pb, 8.70% Zn, g/t Ag & 0.47 g/t Au H no significant mineralization horizon faulted out at this location H in progress H H Two Level underground workings projected to surface H b (-45 ) H (-84 ) H (-48 ) H H H H Two Level (proximal-transported) 0.30 Mt - 0.5% Cu, 4.6% Pb, 8.0% Zn, 125 g/t Ag, 1.6 g/t Au (mined) H H H (-58 ) N H (-45 ) H Lundberg Resource Outline 2018 BRL drill hole BRL drill hole historic surface/ underground hole topographic contours 2 m 100 m

25 2018 Drilling Other Target Areas N Clementine Target Area BRL others Old Buchans North Target Area Sandfill (transported) Sandfill Target Area Middle Branch Target Area Lucky Strike North Target Area Target Areas (relogging) Oriental Oriental East Target Area Lundberg BRL Prospect (undeveloped, projected to surface) BRL Stringer Mineralization (projected to surface) Lucky Strike West Orebodies Target Area BRL other targets 2018 drilling 1 km Lundberg & Engine House Zone (projected to surface) Lundberg Model Open Pit Orebodies (historic/ mined out) (mined M tonnes 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au & 126 g/t Ag others

26 Sandfill Prospect 2018 Drilling Middle Branch (transported) (hist. intercept) 1.8 m - 0.4% Cu, 3.1% Pb, 4.8% Zn, 48 g/t Ag & 0.7 g/t Au Buchans Lake 500 m BRL other Sandfill (transported) (historic, non compliant) 68,000 tonnes 1.5% Cu, 4.7% Pb, 10.0% Zn, 85.7 g/t Ag & 0.34 g/t Au thrust panel - other rocks (above Buchans rocks) Lucky Strike (in situ & proximal-transported) % Cu, 8.6% Pb, 18.4% Zn, 112 g/t Ag, 1.7 g/t Au (mined) conglomerate (granite cobbles) Oriental (in situ & transported) 3.3 Mt -1.47% Cu, 7.90% Pb, 14.18% Zn, g/t Ag & 1.96 g/t Au (mined) breccia-tuffs Lundberg (stockwork)

27 2018 Sandfill Drilling - Buchans Middle Branch (transported) H-1910 (historic) 1.83 m - 8.3% CBM (0.4% Cu, 3.1% Pb, 4.8% Zn, 48 g/t Ag, 0.69 g/t Au) N 500 m barren rocks thrust over prospective Buchans rocks assays pending H transported sulphides m - 7.4% CBM Upper Zone incl. 1.0 m %CBM % Cu, 5.13% Pb, 15.5% Zn, 96 g/t Ag & 0.27 g/t Au and 3.10 m - 6.4% CBM Lower Zone incl. 1.0 m %CBM % Cu, 5.50% Pb, % Zn, 153 g/t Ag & 0.70 g/t Au Diabase min. debris Ski Hill (basalt/ intermediate fragmentals) Thrust Fault Geology Sandy Lake (prominent qtz rhyolite/ arkose/basalt) Buchans River (rhyolite/ m.sulphs./ basalt/ felsic tuffs Surface/ underground DDH & historic assays BRL DDH ( ) 2018 BRL drill hole too shallow m % CBM 1.4% Cu, 8.6% Pb, 21.3% Zn, 219 g/t Ag, 2.74 g/t Au too shallow too shallow assays pending 1.52 m - 4.9% CBM 0.3% Cu, 2.0% Pb, 2.6% Zn, 93 g/t Ag, 1.03 g/t Au Sandfill (transported) limits - transported sulphides (projected to surface) narrow diam. drilling m depth m OB 3.66 m % CBM 0.5% Cu, 3.1% Pb, 7.7% Zn 3.35 m % CBM 2.6% Cu, 6.5% Pb, 12.6% Zn, 87 g/t Ag, 0.34 g/t Au too shallow? min. debris 0.24 m % CBM (one sample) 1.6% Cu, 1.8% Pb, 10.0% Zn, 26 g/t Ag, 0.38 g/t Au 1.22 m % CBM 0.2% Cu, 3.9% Pb, 13.7% Zn, 62 g/t Ag, 1.20 g/t Au 3.1 m - 2.4% CBM 0.1% Cu, 0.7% Pb, 1.6% Zn, 7 g/t Ag

28 Sandfill - Middle Branch Drilling Buchans Middle Branch (transported) H-1910 (historic) 1.83 m - 8.3% CBM (0.4% Cu, 3.1% Pb, 4.8% Zn, 48 g/t Ag, 0.69 g/t Au) N 500 m H Middle Branch transported sulphides 0.30 m % CBM % Pb, 0.16% Zn, g/t Ag & g/t Au barren rocks thrust over prospective Buchans rocks H Sandfill Prospect transported sulphides (assays released October 17, 2018) Upper Zone 7.0 m - 7.4%CBM % Cu, 1.58% Pb, 5.15% Zn, 33.5 g/t Ag, & 0.21 g/t Au incl. 1.0 m %CBM % Cu, 5.13% Pb, 15.5% Zn, 96 g/t Ag & 0.27 g/t Au Lower Zone 3.1 m - 6.4%CBM % Cu, 1.99% Pb, 4.19% Zn, g/t Ag & 0.25 g/t Au incl. 1.0 m %CBM % Cu, 5.50% Pb, % Zn, 153 g/t Ag & 0.70 g/t Au Diabase Ski Hill (basalt/ intermediate fragmentals) Thrust Fault Geology Sandy Lake (prominent qtz rhyolite/ arkose/basalt) Buchans River (rhyolite/ m.sulphs./ basalt/ felsic tuffs Surface/ underground DDH & historic assays BRL DDH ( ) 2018 BRL drill hole m % CBM 1.4% Cu, 8.6% Pb, 21.3% Zn, 219 g/t Ag, 2.74 g/t Au too shallow H assays pending 1.52 m - 4.9% CBM 0.3% Cu, 2.0% Pb, 2.6% Zn, 93 g/t Ag, 1.03 g/t Au 3.66 m % CBM 0.5% Cu, 3.1% Pb, 7.7% Zn Sandfill (transported) too shallow 3.35 m % CBM 2.6% Cu, 6.5% Pb, 12.6% Zn, 87 g/t Ag, 0.34 g/t Au 0.24 m % CBM (one sample) 1.6% Cu, 1.8% Pb, 10.0% Zn, 26 g/t Ag, 0.38 g/t Au 1.22 m % CBM 0.2% Cu, 3.9% Pb, 13.7% Zn, 62 g/t Ag, 1.20 g/t Au 3.1 m - 2.4% CBM 0.1% Cu, 0.7% Pb, 1.6% Zn, 7 g/t Ag

29 District Opportunity Bobbys Pond deposit Daniels Pond deposit

30 Tulks North Property (VLSG) Advanced Exploration Opportunities Massive to semi-massive sulphides - Daniels SW Zone Footwall volcanics Approximately 5 metres Hanging wall volcanics

31 Bobbys Exploration Potential At Depth depth m 0 m Bobbys Deposit LONGITUDINAL VIEW (looking northwest) BP (328 m) 10-15% pyrite with base metal sulphides over 14.8 m (assays pending) 100 m 200 m 300 m Drilled Pierce Point Relative NSR Value High Low uncategorized resource block model (5x5 m blocks) 100 m 100 m 400 m BP (600 m) Mass. pyrite over 0.85 m with visible base metal sulphides (assays pending) * 2018 program to include surveying of new and select historic drill holes by BHEM 500 m

32 Daniels Exploration Potential At Depth depth m 100 m SW Lens NE Lens 24 m Massive Pyrite Lobe Contoured True Thickness (m) DN ~2 m semi-massive pyritic sulphides (assays pending) 200 m 12 m 300 m 400 m 100 m Excellent depth potential below 300 m 4 m 16 m 100 m DN m semi-massive pyritic sulphides 600 m 500 m 1.5 m % Cu, 0.65% Pb, 1.46% Zn, 24.5 g/t Ag & 0.33 g/t Au incl. 0.5 m % Cu, 1.36% Pb, 2.67% Zn 46.6 g/t Ag & 0.23 g/t Au 8 m 4 m 4 m 700 m 16 m 4 m DN m 1.2% Zn, 0.2% Pb, 0.2% Cu, 8.4 g/t Ag 500 m 600 m DN m massive pyrite & 5.70 m semimassive pyrite (assays pending) Indicated Resource Inferred Resource 2008 drill hole - post 2007 resource estimate (all holes returned low grade over width, but meet resource threshold >1% Zn) drill hole pierce point proposed hole with Borehole TDEM search radius (~75 m) blue shading & contours grade (Zn) x thickness (m) (contour interval 10 units & incl drill results)

33 Summary Buchans Project substantial metal inventory with excellent potential for discovery of additional resources underpinned by large, potentially open pitable resource - brownfields setting excellent infrastructure - potential access to an existing mill Looking Forward exploration results pending drilling - Buchans other targets + Bobbys & Daniels deposits borehole geophysical surveys airborne SkyTEM surveys pre-development-related results pending updated resource - Lundberg (Q4) appropriately consider higher-grade Lucky Strike remnants - may enhance open pit development internal scoping study - identify optimum scenarios that could be incorporated into a new PEA THANK YOU Special thanks: Town of Buchans Department of Natural Resources - Buchans Core Library Department of Natural Resources - Junior Exploration Assistance Lucky Strike