Fathom Minerals Ltd. Corporate Presentation October 2016 1 1
Forward Looking Statements This presentation may contain forward looking statements concerning the Company s plans for its properties, operations and other matters. These statements refer to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning reserves and mineral resource estimates may also be deemed to be forward looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward looking statements. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward looking statements. Forward looking statements are made based on management s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances change. Investors are cautioned against attributing undue certainty to forward looking statements. Ian Fraser, VP Exploration for Fathom Minerals Ltd., is a Qualified Person for the purposes of NI 43-101 and has reviewed and approved the information of a scientific or technical nature contained in this presentation. Potential quantities and grades at the Rottenstone Project are conceptual in nature. There has been insufficient exploration on the project to define a mineral resource. It is uncertain if further exploration will result in the targets being delineated as a mineral resource. Potential quantities and grades in this presentation are based on historic exploration and mining results. Scientific and technical information in this presentation is preliminary in nature and for informational purposes only. The company expects to complete and publicly file a technical report prepared in accordance with NI 43-101 containing technical details regarding the project. All disclosure provided in this presentation is subject to the more detailed analysis included in that technical report. 2 2
METALS AND MINERALS FOR CLEAN ENERGY Exploration and Development of Minerals to Support Clean Technology & Energy in a Safe, Environmentally and Socially Responsible Way Fathom s Goal is to Recognise Near Term Potential by Building Resources While Maintaining Large Exploration Upside to Add Value for our Shareholders 3 3
Flagship Project Rottenstone PGE-Ni,Cu+(Au,Co) 4 4
Why Rottenstone? Past Producer Near Term Resource Potential High Grade Platinum #1 Mining Jurisdiction Extensive Database Excellent Large Deposit Potential 5 5
Rottenstone THE POTENTIAL Early Stage Resource Opportunity Rottenstone Deposit Extension Mine Tailings Potential Multiple Rottenstone Type Deposits Property Geology Geophysics Geochem Supports Numerous Rottenstone-Type Deposits; A Raglan-Type Setting? Numerous, Untested High Quality Drill Targets Property Wide with Similar Rottenstone-Type Characteristics / Fingerprints Adding up to Potential for a Multi-Million Ounce Platinum Equivalent Deposit 6 6
Where is Rottenstone? Saskatchewan, Canada Fraser Institute : #1 Mining Jurisdiction in Canada; #2 Mining Jurisdiction in the World Located 130 km North of La Ronge, northern SK Float / Ski Equipped Aircraft Accessible All Weather Road to within 60 km of Project Site Winter Trail Access to Site for Equipment Transport 7 7
Rottenstone Property - Tenure Gap and Wedge Areas (white between held Property) are the result of an administration system oversight when Saskatchewan converted from a Ground Staking to Paper Staking System. Fathom is working with the government to incorporate these gap areas into Fathom tenures. 8 8
Rottenstone Deposit Key Characteristics Extremely High Grade Potential Grade Suggests Very Low Sensitivity to Commodity Price Fluctuation Potential Stand-Alone Precious Metal Mine R-Factor; Very High Metal, Sulphide Content in Rottenstone Ore Body (ultramafic sill) the Result of Significant Magmatic Event and a Master Magma Chamber within the property 9 9
Rottenstone Past Production Rottenstone Deposit, Shallow Open Pit Mine; 1965 1969 Recovered, Processed on Site 28,724 Tons of Very High-Grade PGE-Ni-Cu + Au ore Reported Production Grades up to 3.28% Ni, 1.83% Cu + 9.63 g/t (Pt+Pd+Au) Mine Tailings On-site Contain ~ 2.0-2.5 g/t Gold Equivalent; Recover for Profit? Deposit Not Completely Mined Out; Post Mining Exploration Confirms More Ore Remains 10 10
Rottenstone Data Base Extensive Drilling + 100 drill holes Totalling 10,000 m with Complete Database and Information Package Multi-Phase Air / Ground Exploration Surveys Airborne Geophysics; MAG-VLF/EM, VTEM Helicopter Biogeochemical Sampling (Photo) Ground Geophysics; VLF, MAG, TEM, HLEM, UTEM, Gravity and IP Ground Biogeochem, Soil Geochem Geological Mapping Historic Rottenstone Deposit Information Drilling; Plans and Sections; MAG and Gravity Defined Exploration Targets In the Vicinity of the Historic Rottenstone Deposit Throughout the Property 11 11
Rottenstone Deposit Ore Samples Massive Ore 8.3% Ni, 4.67% Cu, 9.09 g/t PGE s + Au CM Matrix Ore 4.0% Ni, 1.12% Cu, 10.48 g/t PGE s + Au CM 12 12
Geological Setting of Ni-Cu-PGE Sulphide Deposits Barnes and Lightfoot, 2005. 13 13
Rottenstone Fathom s Approach Directive 1 Build Early Stage Resources Develop and Build a Resource in the Vicinity of the Original Rottenstone Deposit (Rottenstone Mine Extension & Adjacent Targets and the PGE, Ni-Cu rich Mine Tailings) Directive 2 Property Wide Target Exploration for Additional Deposits Develop 3D Geological Model utilizing Existing Pre-mining and Post Mining Geological, Geophysical, Geochemical and Drill Data acquired at the Rottenstone Deposit and Surrounds to Define a set of Characteristics Unique to Rottenstone-Style Mineralization; the Rottenstone Fingerprint Utilize Rottenstone Fingerprint to Generate New and Refine Numerous Previously Defined Drill and Exploration Targets at Rottenstone Property Utilize Rottenstone Fingerprint to Prioritise, Ground Proof and Systematically Drill New and Old Exploration Targets at Rottenstone Property 14 14
Rottenstone Fathom Early Work Compilation of Existing Data Enhance the Database / Interpretation / Geological Model In 2015 Assayed 533 Drill Core Samples from 2003 Drill Program Not Previously Analysed In 2015 Reviewed, Collected & Assay Additional Drill Core Samples (225) from 2008 Drill Program In 2015, Initiated a Geological Model Results Suggested Rottenstone Deposit Mineralization Continues 100 m North and > 50 m South of Mine Rock Geochemical Data Confirms Metal Enriched Ultramafic Magma Pathways Leading to the Rottenstone Ore body and Significant other Pathways that Ultimately may Lead to Similar Ore Bodies Completed Internal Study Possible Rottenstone Deposit Extension (2015) 15 15
Rottenstone Exploration Phase 1 March to October 2016 - Set the Stage for Achieving Corporate Directives 1 & 2 1. Diamond Drilling - Rottenstone Deposit & Adjacent Host Formation ( Completed April 4, 2016) 11 Drill Holes; 467 m 2. Incorporate 2016 Drilling, Historical Drilling, Geophysical and Geochemical Data into the 3D Geological Model 3. Additional Assaying 4. Within the 3D Geological Model Interpret / Define the Rottenstone Fingerprint 5. Develop Additional Exploration / Drill Targets at Rottenstone Project Utilising the Rottenstone Fingerprint 6. 43-101 Compliant Technical Report 7. Enhance BOD and Management 16 16
Rottenstone Exploration Directive 1 Phase 2 Early Stage Resource & Associated Studies (2017) Build a Maiden Resource /Drilling Scoping Studies Update Government Permitting Discussions Begin Baseline Environmental & Archaeological Work First Nations Engagement Metallurgical Testing Plans for Growing Resource Phase 3 Early Stage Resource & Associated Studies (2018-2019) Additional Drilling as Required PEA and / or PFS on Defined Resources Engineering Studies Permitting Discussions Operations / Logistics Planning Access Road Studies Strategic Partners / Offtake Agreements 17 17
Rottenstone Exploration Directive 2 Phase 2 Property Wide Exploration (2017) Systematic Exploration of Targets Upgrade Stand Alone Geophysical Targets with Soil Geochemistry Prospecting, Geological Mapping of Geophysical Targets Prioritize and Define Drill Targets to Make Additional Rottenstone-Type Discoveries Phase 3 Property Wide Exploration (2018-2019) Systematically Drill Off Targets Based on Previously Defined Priority to Continue to Build Resources 18 18
Rottenstone Internal Conceptual Study Fathom Conducted an Internal Study to Demonstrate that a Relatively Small Operation Could Potentially Generate a Profit Due to the Extremely High Grade of the Ore Historically Mined at Rottenstone. The Study was not Prepared in Accordance with NI 43-101 and Further Work is Required. Assumptions Require More Data Through Drilling and Metallurgical Testing in Order to Build a More Definitive Cost Model Associated Access and Processing Options Need to be Further Studied to Increase Confidence Level in the Study 19 19
Management Directors Brad Van Den Bussche, P Geol. Ian Fraser, P. Geo. Mark Cummings, CPA,CA Officers Brad Van Den Bussche President / CEO Ian Fraser VP Exploration Doug Porter - CFO Consultants / Advisors Dr. Larry Hulbert Ni-PGE Geology Paul Stacey Database & Modelling Jim Decker Mine Engineering Dave Passfield Mine Engineering Aiden Carey Operations Independent Mining / Geology Consultants - Moose Mountain Technical Services 20 20
Management Brad Van Den Bussche, P Geol. - B.Sc. (Honours) in Geology 30+ Years of Mining and Resource Industry Experience in Canada and Internationally Held Senior Management and Corporate Executive Positions Throughout his Career; Corporately and as a Consultant. Strong Success Record for Defining Deposits and Establishing Resources Ian Fraser, P. Geo - B.Sc. Geology 30+ Years of Exploration Experience in the Mining Industry, Canada and Internationally Expertise in Geologic Models and Exploration Implementation and Management Strong Success Record for Defining Deposits and Establishing Resources Mark G. Cummings, CPA,CA B.Comm (Honors) Senior Financial Executive with Considerable Hands on Experience in Operations, HR and General Management Roles. Expertise Includes Financial and Operational Restructuring and Turnarounds, as well as Corporate Governance. Doug Porter, CA, CBA B.Comm Senior Financial / Accounting Executive with Considerable Operations and Management Experience. Currently Managing Director of Porter Valuations & Financial Consulting Inc. as well as CFO and Director of a number of Public and Private companies Expertise Includes Financial / Accounting and Operational, with Specific Emphasis in Management of Public Mining Companies 21 21
Share Structure Private Company Shares Outstanding 28.3 Million* ~$800K raised to-date Management 45%* Tightly Held & Supportive Shareholder Base 22 22