Ownership of an Entire District in Brazil Pedra Branca PGE+Au - - PowerPoint PPT Presentation

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Ownership of an Entire District in Brazil Pedra Branca PGE+Au - - PowerPoint PPT Presentation

Sep 06, 2023 266 likes •517 views

Capitalizing on a Massive Opportunity: Ownership of an Entire District in Brazil Pedra Branca PGE+Au Project, Northeastern Brazil TSX-V: VO OTC: KVLQF 46 78 45 79 Pd Pt Rh Au FRANKFURT: KEQ0 Palladium Platinum Rhodium Gold

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SLIDE 1

Capitalizing on a Massive Opportunity: Ownership of an Entire District in Brazil

TSX-V: VO OTC: KVLQF FRANKFURT: KEQ0 www.valoremetals.com

Pedra Branca PGE+Au Project, Northeastern Brazil

Pd

Palladium

46

106.42

Pt

Platinum

78

195.08

Rh

Rhodium

45

102.95

Au

Gold

79

196.97

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SLIDE 2

JUNE 2020 | 2 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Forward Looking Statements

This presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this presentation and ValOre Metals Corp. does not intend, and does not assume any obligation, to update these forward-looking

  • statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of

estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labor disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing. This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities of ValOre Metals Corp. Susan Lomas, P.Geo., of LGGC is the Qualified Person, as defined in NI 43-101, responsible for the mineral resource estimates as reported herein. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set

  • ut in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., who oversees New Project Review for ValOre.
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SLIDE 3

JUNE 2020 | 3 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

The Opportunity – Ownership of Entire PGE District in Brazil

Industry consolidation occurring, but very few junior explorers/developers with high quality projects PGE mine production supply faces jurisdictional risk (Russia 40%, South Africa 39%, North Am 14%, Other 7%) Palladium ~US$2,000/oz, up >70% since Jan 1/19 and Platinum >$800/oz

VALORE’S PEDRA BRANCA PROJECT OFFERS INVESTORS OWNERSHIP AND CONTROL OF

AN ENTIRE PLATINUM GROUP ELEMENTS (PGE) DISTRICT IN CEARÁ STATE, NORTH EASTERN BRAZIL

▪ VEHICLE AND TEAM

  • TSX-V company; high insider ownership; strong experienced and successful team

▪ SUBSTANTIAL PRIOR INVESTMENT

  • Excellent access and infrastructure; US$35M spent on exploration by prior groups

▪ HIGH VALUE, LARGE SCALE MINERALIZATION

  • 38,000 hectares with property wide exploration targets
  • >1M oz NI 43-101 with significant expansion potential
  • High grade and near surface targets

▪ INNOVATION AND PROCESS IMPROVEMENT

  • Employing new technologies and techniques combined with boots on ground exploration have

yielded a new perspective and significant upside for shareholders

▪ DISCOVERY PIPELINE IS FULL

46

106.42

Pd

Palladium

78

195.08

Pt

Platinum

79

196.97

Au

Gold

45

102.95

Rh

Rhodium

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SLIDE 4

JUNE 2020 | 4 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

2020 Drill Program

▪ Two Fully Permitted Phases ▪ Phase 1 Fully Funded and expected to begin in June ▪ Three Classes of Targets

▪ Resource Expansion ▪ New Discovery ▪ Target Advancement

▪ Significant Resource Expansion and Discovery potential

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SLIDE 5

JUNE 2020 | 5 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

  • 4%

36% 37%

1%

182%

  • 100%

0% 100% 200% 300% 400% 500%

VO-V vs PGE+Au

VO-V Au Pd Pt Rh

Robust PGE Market

▪ Palladium prices near $2,000 per ounce ▪ Platinum prices are near $1,000 per ounce ▪ PGE mine production from risky jurisdictions ▪ Industry consolidation

  • ccurring

Tech Report1 Pd: $1,000 Pt: $860 Au: $1,250

  • 1. Metal price assumptions used in the Pedra Branca NI 43-101 Technical Report filed on SEDAR with effective date of May 28, 2019

May 28 Today Change VO-V: $0.25 $0.24

  • 4%

Pd: $1,337 $1,827 +37% Pt: $780 $802 +1% Rh: $2,840 $8,000 +182% Au: $1,279 $1,743 +36%

May 28, 2019: ValOre Metals acquires Pedra Branca PGE project

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SLIDE 6

JUNE 2020 | 6 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Robust PGE Market – Supply

Russia 40% South Africa 39% North America 14% Zimbabwe 5% Other 2%

(1) F

*Excludes supply from recycling.

Significant Jurisdictional Risk: Palladium Supply by Region* Palladium Market Balance: 8-Year Supply Deficit Platinum Market Balance: Strong Investment Demand

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SLIDE 7

JUNE 2020 | 7 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Robust PGE Market – Demand

Autocatalyst 83% Electrical 7% Chemical 4% Dental 3% Other 2% Jewelry 1%

*Excludes demand from investments, which has been a negative since 2014.

Palladium Demand (by Category) * ▪ Demand Inelastic with Low Substitution Risk

  • Primarily used for catalytic converters in gasoline & gas-

hybrid automobiles (~85% of palladium demand)

  • ~3-7 grams of palladium per automobile
  • Converts harmful pollutants to inert gas
  • Strong demand growth with tighter emission requirements

(higher loading of palladium)

  • Substitution risk minimal with palladium catalytic converter

efficiency

▪ Strong Demand Outlook From China

  • Stricter Chinese emissions legislation expected to trigger a

step-change in demand from Chinese automakers

  • China currently ~30% of global auto-catalyst demand

(up from ~20% in 2014)

▪ Long-term Demand Outlook Positive

  • Hybrid vehicles
  • Fuel cells
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SLIDE 8

JUNE 2020 | 8 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

May 2017 $2.2 Billion June 2019 $286 Million December 2019 $750 Million

Platinum + Palladium – Few Players

Top 5 Producers ▪ ~85% of Global Pt+Pd Production ▪ Collective Market Cap: ~US$70B Developers & Explorers ▪ Collective Market Cap: <US$200M Recent Transactions

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SLIDE 9

JUNE 2020 | 9 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Capital Structure – The Right Vehicle

Exchange: Symbols: Share Price: 52 Week High: 52 Week Low: Shares Outstanding: Market Capitalization: Capital: TSX-V VO $0.24 $0.405 $0.135 90.4 (basic) $21.7M $1.3 M OTC KVLQF US$0.17 US$0.30 US$0.06 103.2 (diluted) Frankfurt KEQ0 €0.21 €0.256 €0.0913 JANGADA MINES INSIDERS, ADVISORS CLOSE ASSOCIATES RESOURCE, MINING…

RETAIL, OTHER

Insider ownership >20% TSX-V: VO – 1 Year Price History

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SLIDE 10

JUNE 2020 | 10 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Strong Team

Directors Management & Advisors Jim Paterson Chairman & CEO Rob Scott Chief Financial Officer Dale Wallster Director Colin Smith New Project Review Jim Malone Director Thiago Diniz Project Geologist Garth Kirkham Director Jeff Dare Corporate Secretary Luis Azevedo Director Rob Carpenter Corporate and Technical Advisor Brian McMaster Director Rob Brozdowski Technical Advisor John Robins Special Advisor to the Board Alex Heath Strategic Advisor

Acquired for $650M by Rio Tinto Northern Empire acquired for $117M by Coeur Mining 2008 IPO; 2010 Transaction Created a USA Met Coal Producer valued $250M Acquired for $520M by Goldcorp

▪ Proven track record of mineral discovery ▪ Project management and development ▪ Physical commodity transactions ▪ Legal, permitting, and project financing ▪ Capital markets and M&A success ▪ Strong relationships and key connections within Brazil Recent Transactions

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SLIDE 11

JUNE 2020 | 11 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Discovery Group

PEDRA BRANCA

Focu cus: s: Au Stage: Expl plor

  • ration
  • n

O/ O/S: S: 44. 4.8M 8M Share e Price: e: $0. 0.30 30 Mark rket et Cap: p: $13. 3.4M Focu cus: s: Au Stage: : Adva dvanced ed Expl plora

  • ration
  • n

O/ O/S: S: 50. 0.5M Share e Price: e: $15. 15.33 Mark rket et Cap: p: $775 75M Focu cus: s: Cu Stage: Adva dvanced ed Expl plora

  • ration
  • n

O/ O/S: S: 36. 6.7M 7M Share e Price: e: $0. 0.53 53 Mark rket et Cap: p: $19. 9.5M Focu cus: s: Au Stage: Devel evelop

  • pment

nt O/ O/S: S: 135. 35.6M Share Pri rice: e: $1.85 Mark rket et Cap: p: $251 51M Focu cus: s: Au Stage: Expl plor

  • ration
  • n

O/ O/S: S: 63. 3.3M 3M Share e Price: e: $0. 0.11 115 Mark rket et Cap: p: $7. $7.3M Focu cus: s: Zn, n, Pb, b, Ag Stage: Re Resou source e Expa pansi sion

  • n

O/ O/S: S: 41. 1.6M Share e Price: e: $0. 0.53 53 Mark rket et Cap: p: $14. 4.0M 0M Focu cus: s: Au Stage: Re Resou source e Expa pansi sion

  • n

O/ O/S: S: 43. 3.8M 8M Share e Price: e: $0. 0.23 23 Mark rket et Cap: p: $10. 0.1M 1M Focu cus: s: PGE GE+Au, U Stage: Re Resou source e Expa pansi sion

  • n

O/ O/S: S: 90. 0.4M Share e Price: e: $0. 0.24 24 Mark rket et Cap: p: $21. 1.7M 7M

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SLIDE 12

JUNE 2020 | 12 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Right Connections Established

Ceará State Government Established connections with key contacts at a local, state, and federal level

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SLIDE 13

JUNE 2020 | 13 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Excellent Access and Infrastructure

BRAZIL

BR122 BR020 Fortaleza

pop.~3M + port

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SLIDE 14

JUNE 2020 | 14 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Pedra Branca

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SLIDE 15

JUNE 2020 | 15 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Treasure Trove of Data – US$35M Spent by Previous Operators

▪ 1960s: First explored (gov’t geos for chromite potential) ▪ 1980s: Unamgem (1986-87), Gencor & RTZ (from 1987) ▪ 1990s-2000s: Rockwell (1997 on), Altoro/Solitario (1999 on) ▪ 2003-2014: Anglo American Platinum ▪ 2014-2019: Jangada Mines PLC ▪ 2019-present: ValOre Metals Corp. ▪ Diamond drilling:

  • 385 DDHs; >30,000m; 83% of DDHs at 5 PGE deposit areas

▪ Geophysics:

  • 2013 aeromagnetic gradiometry and radiometric (>80,000 ha)
  • Extensive ground mag, ground IP

▪ Geological Mapping:

  • Regional gov’t mapping, revised in 2016
  • Extensive deposit-scale, district-wide mapping

▪ Spectral Mapping:

  • ASTER regional mineral mapping (2006)
  • Spectral serpentinization picks from 2013 airborne
  • WorldView (2019, incoming)

▪ Geochemistry:

  • ~17,000 soil samples
  • ~3,500 stream sed samples
  • ~900 grab samples
  • Extensive trenching (PGE deposits, select exploration targets)
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SLIDE 16

JUNE 2020 | 16 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

District-Scale Potential

43-101 PGE Deposit (expansion upside) Tier 1 Target Tier 2 Target Tier 3 Target Fertile geology (Troia Unit)

Geophys (Mag) Anomaly Geochem Anomaly Ultramafic Rocks Drilled PGEs (follow-up req.)

Target Tiers Claims (38,000 ha)

50km

▪ 38,000 hectares with property-wide exploration targets ▪ Mineralization and prospective geology identified in >45km of fertile strike

25km 35km

Trapia Esbarro Cedro Curiu

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SLIDE 17

JUNE 2020 | 17 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Resource Zones Near Surface Mineralization

1.06 Moz @ 1.22 g/t

0.394 Moz @ 1.23 g/t 0.100 Moz @ 1.93 g/t 0.151 Moz @ 1.10 g/t 0.219 Moz @ 1.11 g/t 0.203 Moz @ 1.19 g/t 0.0 0.2 0.4 0.6 0.8 1.0 1.2

TOTAL Esbarro Curiu Cedro Trapia Santo Amaro

Moz 2PGE+Au

CONTAINED METAL

Pd (oz) Pt (oz) Au (oz) 2PGE+Au (oz) 679,000 367,000 21,000 1,067,000

  • AUG. 12, 2019 NI 43-101 INFERRED RESOURCE ESTIMATE

Tonnes Pd (g/t) Pt (g/t) Au (g/t) 2PGE+Au (g/t) 27,200,000 0.77 0.42 0.02 1.22

Inferred Mineral Resource reported at 0.65 gpt PGE+Au cut-off; Commodity prices used: Pd=US$1000/oz, Pt=US$860/oz, Au=US$1250/oz

91 resource DDHs *9.9 Mt @ 1.23 g/t 2PGE+Au *394 Koz 2PGE+Au Curiu 37 resource DDHs *1.6 Mt @ 1.93 g/t 2PGE+Au *100 Koz 2PGE+Au High grade mineralization to 55m High grade mineralization to 70m

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SLIDE 18

JUNE 2020 | 18 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

A’

surface

2PGE+Au (g/t)

1.2-3.0 3.0-5.0 5.0-10 >10 2PGE+Au (g/t) 2PGE+Au (g/t) 2PGE+Au (g/t) 2PGE+Au (g/t) 2PGE+Au (g/t) 2PGE+Au (g/t)

A

Esbarro Cross Section A-A’ High-grade mineralization within 60m of surface

High-Grade and Near Surface Mineralization

Drilling intercepts up to 44.2 g/t 2PGE+Au

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SLIDE 19

JUNE 2020 | 19 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Significant Resource Expansion and Discovery Potential

Blue area: Existing NI 43-101 resource Black lines: drill holes Yellow: isosurface 0.1 – 0.3 Pink: isosurface 0.3 – 0.8 Red: isosurface 0.8 – 1.2

Santo Amaro: 203K oz (2PGE+Au) 1.19 g/t

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SLIDE 20

JUNE 2020 | 20 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

▪ Property-wide high-grade mineralization ▪ Rock samples up to 44.0 g/t 2PGE+Au ▪ Soils and stream sediments up to 5.9 g/t 2PGE+Au

High-Grade and Near Surface Mineralization

Esbarro Deposit 9.9 Mt @ 1.23 g/t 2PGE+Au 394 Koz 2PGE+Au

Curiu Deposit 1.6 Mt @ 1.93 g/t 2PGE+Au 100 Koz 2PGE+Au Cedro Deposit 4.2 Mt @ 1.1 g/t 2PGE+Au 151 Koz 2PGE+Au

50km

Trapia Deposit 6.2 Mt @ 1.1 g/t 2PGE+Au 219 Koz 2PGE+Au Santo Amaro Deposit 5.3 Mt @ 1.19 g/t 2PGE+Au 203 Koz 2PGE+Au

High-Grade Mineralization Throughout District

2019 NI 43-101 2PGE+Au Deposits Rocks Samples >5 g/t

LEGEND

Image source: D. Hladky

Chromitite Sample

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SLIDE 21

JUNE 2020 | 21 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Proven Targeting Methodology – C04

C04 Chromitite Discovery

  • Nov. 2019

Assays:

(g/t 2PGE+Au) 7.945 2.390 2.319 3.036

C04 Target:

▪ Undrilled ▪ Geophysical analogue: striking similarities

Curiu Deposit: ▪

37 resource holes (DDH) ▪ 100Koz @ 1.93 g/t 2PGE+Au

E

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SLIDE 22

JUNE 2020 | 22 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Proven Targeting Methodology – Mendes North

▪ Three newly identified large-scale PGE targets, all >1 km in strike length ▪ Excellent access – within 200 meters of, a main road ▪ 3D magnetic inversion modelling of historical ground geophysical data has defined multiple compelling near-surface PGE targets ▪ All magnetic anomalies situated in broad area

  • f radiometric low, indicative of prospective

regional mafic to ultramafic Troia Unit ▪ WorldView spectral data indicates all 4 ultramafic and chromitite spectral classes coincide with the mag high anomalies ▪ Low-cost soil sampling and prospecting campaign to further refine the specific targets prior to drill testing ▪ Video: https://youtu.be/QglFj2wTU_o

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JUNE 2020 | 23 TSX: VO | OTC: KVLQF | FRANKFURT: KEQ0 | www.valoremetals.com

Key Investment Highlights

▪ OWNERSHIP OF ENTIRE PGE DISTRICT IN BRAZIL ▪ 2020 DRILL PROGRAM LAUNCHED ▪ ROBUST PGE MARKET ▪ VALORE VEHICLE AND TEAM ▪ SUBSTANTIAL PRIOR INVESTMENT ▪ HIGH VALUE, LARGE SCALE MINERALIZATION ▪ INNOVATION AND PROCESS IMPROVEMENT

46

106.42

Pd

Palladium

78

195.08

Pt

Platinum

79

196.97

Au

Gold

45

102.95

Rh

Rhodium

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SLIDE 24

Jim Paterson Chairman & CEO

Email:

contact@valoremetals.com

Phone:

+1 (604) 646 4527

Address:

Suite 1020 – 800 West Pender St. Vancouver, BC

Website:

www.valoremetals.com TSX-V: VO