Corporate Presentation May 2018
Strategic)Battery)Metals)and)Gold)Projects) in)North)America
TS TSX-V: V:PUC www. www.pancongold.com
Strategic)Battery)Metals)and)Gold)Projects) in)North)America - - PowerPoint PPT Presentation
Strategic)Battery)Metals)and)Gold)Projects) in)North)America Corporate Presentation May 2018 TS TSX-V: V:PUC www. www.pancongold.com Disclaime mer Legal Disclaimer This presentation (this Presentation ) of Pancontinental Gold
Corporate Presentation May 2018
TS TSX-V: V:PUC www. www.pancongold.com
Legal Disclaimer This presentation (this “Presentation”) of Pancontinental Gold Corporation (“Pancon”) is not to be shown or given to any person other than the person to whom it is addressed. Any further distribution or reproduction of this Presentation, in whole or in part, or the divulgence of any of its contents is unauthorized. Failure to comply with this directive can result in liability under applicable state, provincial or Federal law. Each recipient, by accepting delivery of this Presentation, acknowledges that this Presentation, which can be made available to you upon request, contains information that is confidential and non-public, and agrees that all such information shall be kept in strict confidence by such recipient and neither used for such recipient’s personal benefit nor disclosed to any third party for any reason. The recipient acknowledges that if he, she or it is resident of a province or territory of Canada they are an “accredited investor” within the meaning of applicable Canadian securities law. This Presentation is not an offer to buy or sell the securities referenced herein, nor has the Securities and Exchange Commission or any state, provincial or territorial regulatory authority determined if this Presentation is truthful or complete. Any representation to the contrary is a criminal offense. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the applicable securities laws of any state of the United States and may be offered and sold in the United States only in reliance upon an exemption from the registration requirements of the U.S. Securities Act and in accordance with any applicable securities laws of any state of the United States. Each prospective investor must rely on his or her own examination of Pancon and the terms of the offering, including the merits and risks involved in making an investment decision with respect to the securities. The Company makes no representation or warranty, express or implied, and assume no responsibility for the accuracy, reliability or completeness of the information contained in this Presentation. Forward – Looking Statements This Presentation includes “forward looking statements”, within the meaning of applicable securities legislation, which are based on the opinions and estimates of management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar words suggesting future outcomes or statements regarding an outlook. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry (including operational risks in exploration development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainties involved in the discovery and delineation of mineral deposits, resources or reserves; the uncertainty of resource and reserve estimates and the ability to economically exploit resources and reserves; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of Pancon to obtain all permits, consents or authorizations required for its operations and activities; and health and safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations, the ability of Pancon to fund the capital and operating expenses necessary to achieve the business objectives of Pancon, the uncertainty associated with commercial negotiations and negotiating with foreign governments and risks associated with international business activities, as well as those risks described in public disclosure documents filed by Pancon. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in securities of Pancon should not place undue reliance on these forward-looking statements. Readers are cautioned that the foregoing lists of risks, uncertainties and other factors are not exhaustive. The forward-looking statements contained in this Presentation are made as of the date hereof and the Pancon undertakes no obligation to update publicly or revise any forward-looking statements contained in this Presentation or in any other documents filed with Canadian securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. The forward-looking statements contained in this Presentation are expressly qualified by this cautionary statement. Historical Results This Presentation contains past mineral exploration results. Pancon has not yet completed the work necessary to verify those past exploration results and the results should not be relied upon. In addition, this Presentation contains information with respect to adjacent mineral properties obtained through public ally available documents. Such information has not been independently verified by Pancon and is not necessarily indicative of the mineralization on Pancon’s Jefferson Project. The technical and scientific information in this Presentation has been reviewed and approved by Dennis LaPoint, Ph.D., LGeo., a qualified person under National Instrument 43-101 of the Canadian Securities Administrations.
Corporate Presentation - May 2018 2
! Vision & Mission (4) ! Why Invest in PUC? (5) ! Leadership (6-7) ! Capital Structure (8) ! Battery Metals in Ontario (9-15) ! McBride Project (16-21) ! Montcalm West Project (22-23) ! Montcalm Property (24-27)
! Gambler Property (28) ! Lynn Lake Analogue (29-30)
! Nova Property (31-33) ! Gold in the Carolinas (34-36) ! Jefferson Project (37-42) ! Exploration Plans (43-48)
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1)
Capitalizing on our experienced, successful technical team;
2)
Focusing on nickel (Ni), cobalt (Co), copper (Cu) and gold (Au), all in or entering bull markets;
3)
Developing projects with established resources and/or near producing or former mines in proven mining districts; and
4)
Developing projects in low-risk North American regions with pro-mining local governments and communities, and excellent infrastructure.
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!
Un Undervalued in the market - not yet fully understood.
!
2 2 massive sulphide Nickel-Co Cobalt lt-Co Copper projects in in Ontario io in inclu ludin ing 4 pr prope pertie ies:
former Ni-Co-Cu mine; immediate plans to identify drill targets and drill.
resources; near-term plans to deliver an NI 43-101-compliant updated Resource Estimate and Preliminary Economic Assessment.
!
Go Gold project 12 km km along trend from low-co cost, large and growing Haile Go Gold Mine in the prolific Carolina Gold Belt.
!
Ca Cashed up; no corporate debt.
!
Seasoned Management Team; in innova vative ive, lo low-co cost “hub and spokes” proje ject ct mo model.
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! Lay
Layton n Croft, President nt, CEO and and director
and energy with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy.
! Ke
Kevin Filo, P. P.Geo., Mont ntcalm alm West Project Manag anager
experience, including 30 years in the Abitibi Greenstone Belt region, Ontario.
from Placer Dome, now one of the largest gold mines in Canada.
! Dr. Derek McBrid
ide, P. P.Eng., McBrid ide Project Manag anager
experience.
Deposit in New South Wales, Australia.
Corporate Presentation - May 2018
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! Dr. Laur
Laurie ie Cur urtis is, Technic hnical al Ad Advis isory Commit ittee chair hair
global mining experience.
Director of Excellon Resources (TSX:EXN).
! Dav
avid id Moshe her, Dir irector, Technic hnical al Ad Advis isory Commit ittee member
restructuring, financing and managing exploration projects and public and private mining companies.
exploration junior ($7m market cap) to mid-tier producer ($1b market cap).
a Director of 5 public exploration companies.
Corporate Presentation - May 2018
! CO
COMMON N SHARES: 140, 140,416, 416,854 854
! OP
OPTION ONS: 12, 12,000, 000,000 000
200,000 at $0.10 expiring June 26, 2018 150,000 $0.10
1,900,000 $0.05 June 11, 2019 4,300,000 $0.12
1,200,000 $0.12
100,000 $0.12
400,000 $0.12
1,200,000 $0.05
2,550,000 $0.07 May 1, 2023
! WA
WARRANTS: : 13, 13,835, 835,000 000
10,005,000 at $0.08 expiring
3,000,000 $0.07
830,000 $0.07
! FU
FULLY DI DILUTED: ED: 166, 166,251, 251,854 854
" Directors and management own wn >20% 20% of f outstanding shares.
8
Corporate Presentation - May 2018
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Source: globalenergymetals.com
11 Corporate Presentation – May 2018 Source: London Metal Exchange
Source: kitco.com
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Source: London Metal Exchange
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Source: kitco.com
DRC C co coba balt = risk, getting ng wo worse
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Source: globalenergymetals.com
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!
Pancon has option to own 76% (and possibly 90%) of the advanced-stage, near-surface Nickel-Cobalt-Copper Project.
!
100 historical (1960s) diamond drill holes, 2 defined deposits plus extension prospect (Macassa, Long Lac).
!
North Zone Deposit (Historical Resource, 1970):
!
South Zone Deposit (Historical Resource, 1970):
!
Open along strike and at depth.
!
Excellent access to infrastructure, labour, suppliers.
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!
Pancon has the option to own 100% of the underexplored Montcalm West Nickel-Cobalt- Copper Project.
!
3 separate properties covering 11,600 ha of land (Pancon already owns 100% of 6,980 ha).
!
Adjacent to Glencore’s former Montcalm Mine: ~4mt of ore grading 1.25% Ni, 0.051% Co and 0.67% Cu.
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! 3,780 ha of land covering significant portion of Montcalm Gabbro
Complex, highly prospective for Ni-Co-Cu deposits.
! Contains numerous near-surface untested geophysical anomalies
(developed by previous operators).
! Potential for deeper zones which may now be detected with modern
technology.
! Former Montcalm Mine comprised of 3 separate lenses (deposits), with a
total 3.9mt tonnes of ore mined, grading 1.25% Ni, 0.051% Co, 0.67% Cu (~4m lbs of Co), prior to premature closure due to a ground fall (Ontario Geological Survey, Atkinson, 2011).
! Pancon’s Montcalm property contiguous with Glencore’s former
Montcalm mine property, boundary ~1km west of the mined deposits.
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Ground und EM Targets from Previous us Operators
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! From exploration and mining results it is now known
that the deepest nickel lenses at former Montcalm mine start at 250m below surface.
! Only recently have modern airborne geophysical
systems been able to penetrate deeper than 250m.
! Pancontinental’s Montcalm property has never been
flown with new state-of-the-art electromagnetic (EM) systems or gravity systems.
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! 6,980 ha of land, 100%-owned by Pancon. ! Covers substantial part of the Montcalm Gabbro Complex. ! Similar to Montcalm Property geology. ! Highly prospective for target development; not previously
explored using modern technology.
! Staked in April 2018 through new Ontario online staking system. ! No work commitments for 2 years.
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Lynn nn Lake “A” Gabbro Sho howing ng Mul ultiple De Depos posits
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! Lynn Lake “A” Gabbro Intrusive in Manitoba covers approximately 4.5
sq km and hosted 15 separate Ni-Cu deposits with a combined historical tonnage of 28,410,570 tonnes at 0.906% Ni and 0.489% Cu (pre-NI43-101). Substantial cobalt recovered from these deposits but lack accurate records (Manitoba Department of Mines, Pinsent 1980).
! Lynn Lake “A” Gabbro Intrusive and the Montcalm and Gambler
Properties are distinctly similar geologically.
! Montcalm and Gambler Properties cover majority of gabbro geologic
complex covering ~80sq km. Former Montcalm Mine covers ~15sq km.
! Potential for discovery of multiple deposits at Montcalm and Gambler
Properties similar to that found at Montcalm Mine and Lynn Lake.
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! 840 ha of land. ! Numerous occurrences of low-grade Co values over a wide area. ! Limited surface sampling by Teck geologist returned high-grade sample
containing 3,230ppm or ~6.5lbs per tonne Co.
! Numerous untested airborne EM anomalies identified by a government
survey remain untested.
! Limited historic drilling and surface exploration defined significant sulphide
mineralization, not assayed for Co at the time.
! Given distinct association of cobalt and sulphide, and proximity of holes to
known surface cobalt mineralization, a re-evaluation of these zones is warranted.
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Pancon’s Nova Property in Ontario has numerous highly anomalous historical cobalt samples associated with sulphide mineralization in surface outcrops, including an historical
surface rock sample taken by a Teck Corporation geologist in 1991.
Corporate Presentation - May 2018
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Source: goldprice.org
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!
100%-owned Jefferson Gold Project in underexplored historic Carolina Gold Belt in the southeastern U.S., 12km from OceanaGold’s Haile mine.
!
Ridgeway-Haile-Brewer-Jefferson-Morven gold trend characterized by intrusive-related gold from deep seated magmatic event ~550 million years ago.
!
Lithological and structural settings for high sulfidation, epithermal and porphyry gold deposits.
!
Completed preliminary drill program in mid-2017 (at only 1 of 6 targets) with positive results in grade and thickness.
!
Pathway conduits of mineralization discovered at Jefferson mimic the same initial exploration successes at Haile.
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Pancon’s Jefferson Gold Project in South Carolina, USA is an early stage project next to a former gold mine and with multiple targets,
(Jefferson core shown above).
! Haile first gold pour in Q1 2017; commercial production
from Q3 2017.
! Initial capex: US$380 million; sustaining capex LOM: $139
million.
! 3.46moz reserves and 4.35moz resources. ! Estimated Mine Life: 2034+ ! Production guidance: 110,000-130,000 oz/yr. ! All-In Sustaining Costs guidance: US$600-650 per oz sold. ! 2017 actual AISC: $509 per oz sold.
Sources: www.oceanagold.com as of 20 January 2018; updated Haile NI 43-101 report as of 9 August 2017.
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Hole_ID UTM_Easting UTM_Northing Elevation6(m) azimuth6 (degrees) inclination6 (degrees) Total6Depth6 (ft) TD6(m) JEFB104 555038 3836179.5 144.8 165 60 695 228 JEFB105 555230 3836020 147.5 165 80 482 158 JEFB106 555058.5 3836093 146.4 165 60 394 129 JEFB107 555075 3836079 146.4 165 60 381 125 JEFB108 555162 3836096 147.5 240 60 500 164 JEFB109 555163 3836098 147.5 200 60 330 108 Total6 2781 912
Corporate Presentation - May 2018
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! Re-assay historical drill core, produce comprehensive database
(Q2-Q4 2018):
! New drilling and metallurgy on fresh core (Q3-Q4 2018) ! Produce NI 43-101 compliant updated resource estimate (Q1
2019)
! Produce Scoping Study (Preliminary Economic Assessment)
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! Due to limited outcrop exposure on the Montcalm Property, we
intend to fly a state-of-the-art VTEM electromagnetic survey and airborne gravity survey to detect potential targets at depth (Q2 2018).
! Documentation from the Montcalm Mine shows that the deeper
lenses in the mine start at 250 meters below surface. Modern VTEM technology and newly developed airborne gravity systems have the capability to search below 250 meters.
! Our work will be conducted in conjunction with an evaluation of
higher priority near-surface geophysical targets that were left untested by previous operators (Q2-Q3 2018).
! Upon completion of this work the higher priority targets will be
selected for drill testing. (Q3-Q4 2018).
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! Conduct preliminary prospecting efforts over key
portions of the property to fully evaluate known cobalt mineralization (Q2-Q3 2018).
! This work will be conducted along with a mobile metal
ion geochemical survey, to assist in evaluation of areas without exposure but proximal to known cobalt
! This initial program has been designed to evaluate the
Nova Property for a potential near-surface, bulk- tonnage deposit.
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! Due to limited outcrop exposure on the Gambler Property, we intend
to fly a state-of-the-art VTEM (electromagnetic survey) and airborne gravity survey to detect potential targets at depth (Q3-Q4 2018).
! These results will be analyzed in context of geophysics and targets
identified on the neighboring Montcalm Property (Q4 2018).
! Upon completion of this work the higher priority targets will be
selected for drill testing (Q4 2018).
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! Continue to enhance land position (Q2-Q3 2018). ! Conduct cost-effective and productive geochemical
and geophysical methods to prioritize targets (Q4 2018).
! Identify new targets/projects based on historic
knowledge and proven grassroots target generation methods (Q4 2018).
! Conduct cost-effective drilling under sand cover (Q1
2019).
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Corporate Presentation May 2018
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