A PROSPECT GENERATOR WITH A LARGE PORTFOLIO OF PROPERTIES, INVESTMENTS AND ROYALTIES

Transcription

1 June 1, 2018 A PROSPECT GENERATOR WITH A LARGE PORTFOLIO OF PROPERTIES, INVESTMENTS AND ROYALTIES PROPERTIES JOINT VENTURES ROYALTIES

2 CORPORATE DISCLOSURE Disclaimer The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The company is an exploration stage mineral resource exploration company and none of its mineral projects have yet to be proven to be economic. The contents of this presentation is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein. Forward-looking Statements This presentation includes certain forward-looking statements about future events and/or financial results which are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements include without limitation, statements regarding the company s plans, goals or objectives and future exploration, development, potential mineralization, exploration results and future plans and objectives of Commander. Forward-looking statements can generally be identified by the use of forward-looking terminology such as may, will, expect, intend, estimate, anticipate, believe, or continue or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations include risks associated with mining generally and exploration stage projects in particular. Potential investors should conduct their own investigations as to the suitability of investing in securities of Commander. Robert Cameron, P.Geo., is the Qualified Person responsible for the technical content of this presentation. 2

3 COMMANDER AT A GLANCE In business since 1989 (28 years) Continuing to grow the project portfolio - 8 properties available for option 3 Option/Joint Ventures announced in 2017 with $2,500,000 in partner funded exploration $1,200,000 of partner funding announced so far for 2018 Kivalliq Energy vested in Baffin Gold Project at 100% in March Active JV with K2 Gold in White Gold district Yukon, and with Fjordland/HPX at South Voisey s Bay Labrador Successfully converting projects into Equity and Royalties ~ 8% owner of Maritime Resources plus project royalty (TSX-V MAE) ~ 9% owner of Aston Bay Ventures plus project royalty (TSX-V BAY) 8 royalties covering near term production to exploration stage properties Proprietary database from UMEX (Union Miniere) 3

4 CURRENT CAPITAL STRUCTURE Common Shares Issued 35,300,772 Options 1,954,000 Warrants 12,758,141 FULLY DILUTED 50,012,913 Market cap $6,530,000 Cash June 2018 $2,150,000 Commander undervalued vs. Prospect Generator peer group Securities $3,200,000 Total Cash & Cash Equivalent $5,350,000 4

5 PROSPECT GENERATOR MODEL Commander manages exploration risk through adherence to the prospect generator model Company focuses on early stage of exploration- acquisition and target identification Ongoing exploration is offloaded to Option and JV partners who earn direct property interests. Commander retains smaller project interest and royalties and or significant equity positions in partners Through this process the Company accumulates a significant royalty portfolio as well as generating income in the form of property payments and shareholdings Dilution is minimized and income augments expenditures Key Components of a Successful Prospect Generator: Strong Technical Team- project generation is geology intensive Well networked with demonstrated ability to attract partners Deal Makers 5

6 EXPERIENCED TEAM MANAGEMENT Robert Cameron, P. Geo., President & CEO Over 30 years experience in exploration including manager of exploration in Canada for Freeport McMoRan, former President and CEO of Valley High Ventures (sold for $130 million) and Bearing Resources and Mining Analyst with Research Capital Bernard Kahlert, P. Eng, VP Corporate Development, Director 35+ years in major and junior company exploration worldwide, company founder Stephen Wetherup, B. Sc., P. Geo. VP Exploration 20+ years of global experience including work with Phelps Dodge Canada. He is also Vice President Geology with Caracle Creek International Consulting David Watkins, M.Sc., Chairman International mining executive with 40 years experience Eric Norton, Director Past President & CEO, with over 30 years with Teck Resources holding senior positions in Operations, Commercial & Business Development Brandon Macdonald, B.Sc., MBA Director Finance and mining professional with background in junior company management, governance and financing, President and CEO of Fireweed Zinc Ltd. 6

7 CURRENT AND PAST PARTNERS 7

8 PROPERTIES - JV S - ROYALTIES Projects and Royalties across Canada and Mexico with exposure to Gold, Copper, Zinc, Nickel and Cobalt 8

9 KEY INVESTMENTS COMPANY SHARES HELD Value (March 29, 2018) Maritime Resources Corp. 6,994,000 $764,000 Aston Bay Holdings 11,000,000 $2,750,000 ~9% equity owner of Aston Bay Holdings Exploring the Storm property for high-grade sediment hosted copper and zinc in Nunavut CMD retains a 0.875% gross overriding royalty on the original Storm & Seal discovery Historical holes including 2.45% Cu Current property expansion now encompasses 395,118 ha BAY.V MAE.V ~8% Equity owner of Maritime Resources Corp. Planning to re-open the past producing Hammerdown mine within 3 years Prefeasibility study released March 2, 2017 (see Maritime news) IRR 46.8%, NPV (8%) after tax $44.2 million, 5 year mine life at 35,000 oz/yr P+ P Reserves: Reserves 12.7 g Au/t (179,400 oz) from M+I Resources: 925, g Au/t (315,00 oz) and Inferred resources: g Au/t (376,800) oz Commander holds 2% NSR, production planned in 2021 or earlier 9

10 KEY ROYALTIES NEAR TERM PRODICTION 2 % NSR on formerly producing Hammerdown Mine, NFLD (Maritime Resource Corp.) Prefeasibility study released March 2, 2017 (Prefeasibility Engineering Study and Economic Assessment by WSP Canada Inc.), potential cash flow in 2021 or earlier IRR 46.8%, NPV (8%) after tax $44.2 million, 5 year mine life at 35,000 oz/yr P+ P Reserves: Reserves 12.7 g Au/t (179,400 oz) from M+I Resources: 925, g Au/t (315,000 oz) and Inferred resources: g Au/t (376,800) oz Mt. Polly Boundary Zone Royalty (Imperial Metals) 90% interest in $2.50/tonne milled from portion of Boundary Zone (Mt. Polley Mine, Imperial Metals) Production scheduled in % to 0.5% NSR on Baffin Gold Project, Nunavut, (Kivalliq Energy) 4000 sq. km covering Proterozoic greenstone belt 0.875% Gross Overriding Royalty on Storm and Seal, Nunavut (Aston Bay) Belt scale sediment hosted copper target and stratabound zinc Advanced Royalty payments - Tam/Misty Cu Au Property, BC (Teck) advanced royalty payments of $25,000/year from Teck- exploration stage 0.25% to 1% NSR on Destiny Gold deposit, Quebec (Alto Ventures) Indicated resource 10.8 million 1.05 g/t (364,000 oz) plus Inferred 8.3 million tonnes (247,000 oz) (Resource estimate by Todd McCracken, P.Geo. of Tetra Tech (Wardrop), 2011) 10

11 JV: FJORDLAND/HPX - SOUTH VOISEY S BAY 2017 Drilling 11 11

12 JV: FJORDLAND/HPX - SOUTH VOISEY S BAY Active Option/JV with Fjordland Exploration and High Power Exploration on the South Voisey s Bay nickel-copper-cobalt project located 80 kilometres south of Vale's Voisey's Bay nickel mine in Labrador, Canada 29,400-hectares covers parts of the Pants Lake gabbro complex. Fjordland drilled 1,469-metre in 2017 and hole 17-6 returned a 3.9-metre interval of semi-massive to massive sulphide comprising pyrrhotite, pentlandite and chalcopyrite grading 0.37 % Ni, 0.27% Cu and 0.1 % Co Additional drilling planned and funded for 2018 Large Ni-Cu-Co bearing gabbro complex with multiple untested geophysical conductors 12

13 JV: K2 GOLD - FLUME GOLD PROJECT YUKON Flume Gold Property is 70 km northwest of Goldcorp s Coffee Gold project $3.5M in historical work on the property, most recently by Ryan Gold Corp. This work has outlined a large 10 km by 3 km gold and arsenic soil anomaly covering the headwaters of Ten Mile and Sestak Creeks, both historical Placer Gold producers In 2012, a wide spaced reconnaissance nine drill hole program focused on the southern 2.5 km of the target - Hole F included 2m of 5.76 g/t Au 6 km to the north of the drill area is a stronger arsenic anomaly with accompanying gold geochemistry over 12 km 2 that remains undrilled 2017 sampling by K2 confirmed this Au-in-soil anomaly, approximately 1.2 km by 3 km in size, with values up to 247 ppb Au (15% of soil samples were greater than 25 ppb Au) A new Au-in-Soil anomaly was also outlined in the south-eastern portion of the property marked by values up to 68 ppb Au (8% of soil samples were greater than 25 ppb Au) Rock float sampling in the south-central portion of Flume, in the area of historical exploratory drilling, yielded assays up to 4.76 g/t (22% of rock samples were greater than 0.5 g/t Au) 13

14 JV: K2 GOLD - FLUME GOLD PROJECT YUKON Au (ppb) 1 VD Area drill tested in km km

15 PROPERTY FOR OPTION: SABIN - ZN, CU, AG, AU, ONTARIO SABIN PROPERTY Sabin claims cover bimodal volcanic stratigraphy similar to Sturgeon Lake District Savant-Sturgeon Lake Greenstone Belt, host to Sturgeon Lake VMS District Mining in Sturgeon Lake Camp one of the premier VMS mining districts in Ontario Historical mine production: % Zn, 1.1% Cu, 0.8% Pb, 120 g/t Ag, 0.5 g/t Au STRUGEON LAKE DISTRICT * Franklin et al (1995), Geology of Canadian Mineral Deposit Types: GSC 15

16 PROPERTY FOR OPTION: SABIN - ZN, CU, AG, AU, ONTARIO Most significant VMS style alteration and mineralization within the Savant-Sturgeon Lake Greenstone Belt, outside of the main Sturgeon Lake District Excellent infrastructure with paved highway access and the CNR main rail-line within 5 km Extensive geological database delineates 4 large alteration zones and VMS target areas Vast majority of drill holes <100 m deep and focussed mainly on Marchington Zone discovery Most holes not analyzed for Au; average of those analyzed ~0.7 g/t Only 3 drill holes completed since 1984 No modern deep penetrating airborne EM or detailed magnetic surveys have been flown Known mineralized zones are open in all directions Numerous isolated intercepts have not been followed up 16

17 PROPERTY FOR OPTION: SABIN ZN, CU, AG, AU, ONTARIO Extensive Al-Si-Py footwall style alteration Four main target areas including the Marchington Zone Marchington drilled to <100 m depth, 350 m strike length and open along strike and to depth All zones under-explored; Kash (1 DDHs), S23 (6 DDHs) and Golsil (2 DDHs) only tested by widely spaced and shallow drilling Zones are low to moderate conductivity 17 17

18 PROPERTY FOR OPTION: SABIN - ZN, CU, AG, AU, ONTARIO SA-15: % Zn, 0.3% Cu, 1.7% Pb, 57 g/t Ag SA-22: % Zn, 0.9% Pb, 30 g/t Ag SA-69: % Zn, 4.3% Cu, 177 g/t Ag SA-17: % Zn, 0.2% Cu, 14 g/t Ag Marchington Zone in a shallow plunging NE fold hinge; open to E and W Mineralized intercepts in holes at margins of drilling (SA-17 and SA-22) Structure not considered with historical drilling but key to mineralization 18

19 PROPERTY FOR OPTION: SABIN - ZN, CU, AG, AU, ONTARIO SA-50: % Zn, 3.1% Cu, 0.6% Pb, 97 g/t Ag SA-53: % Zn, 0.2% Pb, 24 g/t Ag SA95-1: % Zn, 0.9% Cu, 1.6% Pb, 43 g/t Ag SA-42: % Zn, 0.1% Cu, 1.6% Pb, 30 g/t Ag South Zone comprises several VMS horizons either stacked or fold duplicated South and Zinc Zones are open along strike and to depth Numerous drill holes with significant Zn-Cu-Ag mineralization not followed up 19

20 PROPERTY FOR OPTION: SABIN - ZN, CU, AG, AU, ONTARIO SA-43: % Zn, 0.15% Cu, 1.4% Pb, 18 g/t Ag SA-24: % Zn, 0.8% Cu, 18 g/t Ag SA-32: % Zn, 3.8% Cu, 69 g/t Ag SA-33: % Zn, 0.8% Cu, 22 g/t Ag Kash conductor >2 km long and alteration >3 km long Kash Zone tested by 1 DDH SA-43 (0.7 m of 4.0% Zn) S23 Zone tested by 6 DDH s All S23 holes intercept mineralization including % Zn, 0.8% Cu % Zn, 3.8% Cu % Zn, 0.8% Cu Alteration extends far beyond limits of drilling 20

21 PROPERTY FOR OPTION: OCTOBER DOME GOLD SKARN, BC 21

22 PROPERTY FOR OPTION: OCTOBER DOME GOLD SKARN, BC Skarn in hole OD-6 OD-6,7 OD-5 1 km Hole From (metres) To (metres) Length (metres) Gold (gpt) OD OD OD OD OD Incl DDH OD-6 intersected 9 metres of massive magnetite, epidote, pyrite, garnet, skarn similar to skarn at the QR Gold Mine located some 5 km to the northwest 22

23 PROPERTY FOR OPTION: OMINECA COPPER, REBEL ZINC, BC Omineca Porphyry Cu Au, Central BC 4 km copper and gold soil anomaly- greater than 100 ppb Au and 100 ppm Cu Only tested by 2 short holes < 100m 10 grab samples > 1 gpt Au ( max 21 gpt) Low copper at surface Rebel Zinc, NE BC Located in Kechika trough, part of prolific Selwyn Basin Targeting SEDEX lead zinc silver deposit 4 km lead soil anomaly Massive pyrite layers to 20 cm over 30 metre thick shale horizon exposed in two creeks 23

24 COMMANDER 2018 CATALYSTS 1. South Voisey s Bay Nickel Copper Cobalt Project: Drilling by partner Fjordland/HPX in June and July (active JV with share and royalty exposure) 2. Flume Gold Project: Exploration by K2 Gold on 10 Km long gold soil anomaly following up successful 2017 program (grab samples to 4.76 g/t - 22 per cent of rock samples were greater than 0.5 g/t Au) (active JV with share and royalty exposure) 3. Large drill program by Aston Bay Holdings on the Storm Copper & Seal Zinc Project in Nunavut (share and royalty exposure) 4. Exploration program on 4000 sq. km Baffin Gold Project by Kivalliq Energy (share and royalty exposure) 5. Maritime Resources advances permitting and resource upgrading at former Hammerdown Mine, Nfld. Possible royalty cash flow in 2021 or earlier (share and royalty exposure) 6. Commander continues to execute on the Prospect Generator Model - additional option/jv with partners and expanded project generation activities 24

25 FOR MORE INFORMATION: Commander Resources Ltd. 11 th Floor, 1111 Melville Street, Vancouver, BC V6E 3V6 Robert Cameron: