Successfully Generating Robust Zinc and Gold Projects. Sphinx Resources Ltd. March 2018

Transcription

1 Successfully Generating Robust Zinc and Gold Projects Sphinx Resources Ltd. March 2018

2 Forward-Looking Statements This corporate presentation may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results and activities to vary materially from targeted results and planning. Such risks and uncertainties include those described in Sphinx s periodic reports including the annual report or in the filings made by Sphinx from time to time with securities regulatory authorities. The technical information contained in this presentation has been reviewed and approved by Normand Champigny, (ing., B.A.Sc., M.A.Sc.), President and CEO of Sphinx, qualified person for the purposes of National Instrument , Standards of Disclosure for Mineral Projects. 1

3 Summary TSX-V listed (ticker SFX) corporation focused on, and headquartered in, Quebec Project generator business model key to maximizing long term shareholder value Team of proven mine finders in Quebec/Labrador: Éléonore and Rainy River (gold) Bracemac-McLeod (zinc-copper) Voisey s Bay (nickel) Focus on high-grade zinc + gold All projects within proximity of existing or previous mines Actively identifying new projects 2

4 Ownership Shares outstanding: Fully diluted: 91 M 138 M Management, Board & Advisory Committee: 16 % Quebec institutions: 18 % Top 100 shareholders: 89 % of shares Very few shareholders outside Canada 3

5 Successful Project Generator Social acceptability Ground access Precious & base metals potential High grade metamorphic terranes Project generation Deal flow with strategic partners Long-term shareholder value 4

6 Projects 5

7 Value drivers 2018 Drill & establish resources potential Calumet-Sud (zinc) Define targets & drill Tessouat (zinc) Chemin Troïlus (gold) Cheechoo-Éléonore Trend (gold) Identify partner & drill GPd (palladium) Somanike (gold, nickel) Five-year plan Advance projects with strong partners that are socially acceptable with year-round access Make one or more mine discoveries Create significant shareholder value 6

8 Appendix Supplemental information 7

9 Strategy & Focus Maximize deal flow with strategic partners Generate quality projects with: high-grade zinc or precious metals good social acceptability low cost exploration through a focus on drilling and leveraging strategic partnerships Maintain a diverse portfolio with projects: in different high grade metamorphic terranes of different levels of advancement Concentrate first on Quebec with potential expansion into other Canadian provinces 8

10 Why Quebec? Quebec: 6 th rank on worldwide investment attractiveness index Fraser Institute - Survey of mining companies 2017 Significant tax advantages (tax credit and low after-tax cost for flow-through-share) Sphinx s team has considerable experience in Quebec 9

11 2013 to transactions including: Sirios Resources (50% joint venture) 2016 discovery of the year in Quebec Cheechoo-Éléonore Trend: gold Soquem (50% joint venture) Quebec s exploration agency, 50 years, 350 projects, 8 mines Calumet-Sud: zinc Les Ressources Tectonic (100% Sphinx) Chemin Troïlus: gold Gardin - Michel Gauthier (100% Sphinx) Calumet-Sud & Tessouat: zinc GPd: palladium Osisko Gold Royalties, RNC Minerals, Globex (100% Sphinx) Somanike: gold, nickel 10

12 Team Normand Champigny, M.A.Sc., Eng. - President, Chief Executive Officer & Director 36 years of experience in exploration and management in Canada and internationally John W. W. Hick, BA, LL.B. - Chairman of the Board More than 30 years of experience in the mining industry in management positions and as independent director Kerry E. Sparkes, M.Sc. - Director 25 years of experience in the mining industry, exploration geologist and executive Key person involved in the exploration, delineation and development of both the Voisey s Bay nickel and the Rainy River gold deposits Currently V.P. Geology for Franco-Nevada Corporation Michel Gauthier, Ph.D. - Director 44 years of experience Professor of mineral prospecting at l Université du Québec in Montréal Co-baptized a gold prospect, named Éléonore, in the Eeyou Istchee James Bay territory 11

13 Team (continued) François Biron, Eng. - Director More than 40 years of experience in project evaluations and operations management Considerable experience with environmental issues and social acceptability of mining projects Ingrid Martin, CPA, CA - Chief Financial Officer & Director Over 25 years of experience in accounting and finance of public companies and since 2004 involved with several mineral exploration companies Robin N. Adair, M.Sc. (géo., P. Geol.) - Advisory Committee 32 years of experience including 25 years with Noranda and Falconbridge Participated to the discovery of the Bracemac-McLeod zinc-copper mine, Quebec Sylvain Laberge - Advisory Committee More than 25 years of experience in the mining industry and corporate communications 12

14 Projects Projects Gold: Cheechoo-Eleonore Trend - 50% with Sirios Gold: Chemin Troïlus - 100% Zinc: Calumet-Sud % with SOQUEM Obwondiag, Tessouat, Tessouat-Sud - 100% Palladium: GPd - 100% Gold, nickel: Somanike -100% 13

15 Ziac ( Zinc-Pontiac ) District 40-km long northwest trending corridor defined by zinc-bearing rocks Similar to Balmat-Edwards-Pierrepont zinc district, New York state New projects within the Ziac: Tessouat-Sud (177 km 2 ) Obwondiag (53 km 2 ) In addition, the Ziac includes: Calumet-Sud (12 km 2 ), 50% Sphinx, 50% SOQUEM Tessouat (13 km 2 ), 100% Sphinx GPd (41 km 2 ), 100% Sphinx 14

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17 Calumet-Sud Zinc Project 50-50% joint venture with SOQUEM, 2% NSR to Gardin Strong 1,800 m long lead-zinc anomaly adjacent to New Calumet Mines First 13-hole drill program 3 m at 4% zinc in an extensive mineralized zone (over 1 km 2 ) Second 11-hole drill program 13.1% zinc over 1.0 m within 3.8% zinc over 5.0 m 9.0% zinc over 1.0 m within 3.1% zinc over 6.4 m 6.6% zinc over 1.4 m within 3.0% zinc over 6.8 m stratiform, shallow-dipping and near-surface horizon over a surface area 113 m by 60 m Channel sample composites 20.3 m at 2.4% Zn 6.0 m at 3.2% Zn 4.0 m at 3.3% Zn Drill mineralized horizon to establish continuity & resource potential 16

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19 Sphalerite bands Sphalerite bands Sphalerite bands Sphalerite bands 19 18

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21 9.0% m incl. 3.1% 6.4 m 20

22 Tessouat Zinc Project Strong 400 m by 400 m lead-zinc anomaly UP TO 5,650 ppm zinc over favourable host rock 100%-owned by Sphinx, 2% NSR to Gardin Follow-up program: trenching and drilling - Q2-Q

23 GPd Palladium Project 3.44 g/t PGE discovered by drilling 3.3 g/t, 2.3 g/t and 0.6 g/t Pd as well as 3.2%, 3.3% 0.2% Cu surface sample Obwondiag layered igneous complex discovered New and untested PGE reef with a potential extent of 11 km 2 or possibly 3 potential horizons of interest for PGE, open in all directions 100% owned, 2% NSR to Gardin Completed 19-holes (1,931 m): 800 m mineralized reef supported - seeking drilling partner 22

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25 Cheechoo-Éléonore Trend Gold Project 50-50% joint venture with Sirios Resources (operator) Minimum of $ 500,000 by each party over the next 5 years Combination of deep gold expertise in the Eeyou Istchee James Bay territory Underexplored gold trend continuing from: Sirios Cheechoo gold discovery Éléonore gold mine (operated by Goldcorp) Completed & planned programs: Till sampling surveys identified 4 gold anomalies along trend Prospected on 2 best targets (completed, results pending), follow-up - Q2-Q

26 All of this suggests that there is a gold-bearing granitic province on the outskirts of Opinaca. Michel Gauthier, Presentation Quebec Mines conference November 2017 Opinaca geological sub-province Sakami Éléonore Cheechoo Source: NRCAN geoscan 25

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28 Chemin Troïlus Gold Project Q3 2016, recovered pristine gold grains in tills suggesting proximal source in bedrock of mineralized boulders Within corridor containing former Troïlus gold mine (produced 2 million ounces of gold, 70,000 tonnes of copper), discovered by boulder tracing and drilling Located 110 km north-northwest of Chibougamau, Eeyou Istchee James Bay territory, good road access Acquired from Les Ressources Tectonic, 33 km 2 (100% owned) Completed initial drill program, 2.5 g/t Au over 0.9 m, two significant trends, follow-up till & rock sampling, seek partner & drill Q2-Q

29 Gold-bearing boulder, sample : 1.57 g/t 28

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31 Somanike Gold, Nickel Project Drilling: 1.41% Ni, 0.05% Cu, 0.30 g/t Pd, 0.04 g/t 0.5 m, includes former Marbridge mine: % Ni, 0.1% Cu Unrecognized potential for iron-formation gold and zinc-copper-silver-gold Drill targets Open depth and strike extension of Marbridge s Mine Mt > 3% Ni Other areas: 8 new targets identified (conductors) over 4 km of cumulative length Acquisition from Virginia/Royal Nickel/Globex, 47 km 2 (100% owned) Cooperation agreement with Abitibiwinni first nation/pikogan Planned program (new targets generated): Identify partner Q2-Q Drill on selected high-grade nickel-platinum group elements targets and gold or zinc-copper-silver-gold targets in and around Marbridge mine and elsewhere 30

32 Somanike Former Marbridge Mine No environmental legacy Strong community support and understanding of mining No agriculture over project area Mine 1 Marbridge Mine 2 First production Marbridge Mine, 1962 Past Producer 31

33 Somanike Former Marbridge Mine High-grade nickel sulphide mineralization with ultramafic rocks Extensive untested ultramafic rocks identified Limited lateral drilling Mine 2 Mine 3 Mine 4 Mine 1 200m 400m Open Open Unexplored Composite Grades 2-10% Ni 1-2% Ni Grade map Looking southeast 32

34 Sphinx Resources Ltd De La Gauchetière, Suite 2100 Montreal, QC H3B 4W5 T: