Where ere Discoveries coveries Hap appe pen August, t, 2020 TSXV : : IZN
Cautionary Statement This presentation contains certain statements that may be deemed "forward-looking statements". All statements in this presentation, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. The technical content contained in this presentation is based in part on historical reports. The historical reports pre-date NI 43-101 reporting requirements and the Company cannot verify the content of the historical reports and is not responsible for the accuracy of the content of the historical reports. Indy Project QP: Brian McGrath, B.Sc., P.Geo. is a Qualified Person as defined in NI43-101. TSX-V: IZN TSX-V: IZN 2
Source: Teck Presentation, Goldman Sachs Global Metals and Mining - November, 2018 TSX-V: IZN TSX-V: IZN 3
InZinc Mining Ltd. Discoveries in Great Locations – Where Dollars Go Further Indy y Sedex x projec ect, t, BC (100% 0% opti tion) n) ▪ New Disco scovery y (2018 18) ) in North America - shallow, high-grade and SEDEX style mineralization in first drill program – 15.3% 3% (Zn+Pb) and 24.5 g/t silve ver r over 6.3m - open for expansion ▪ Rare form of mineralization – not previously known in this accessible area of Canada ▪ Distr strict ct Scale 25km long land package – Extensive new targets defined in 2019 ▪ Excellent nt access ss and logistics benefit future project economics West t Desert t project, ct, Utah h (100%) 0%) ▪ Esta tablish shed d deposit sit (691 million pounds zinc, 65 million pounds copper indicated and 1,781 million pounds zinc, 224 million pounds copper inferred) with by-products, and strong PEA level economics ▪ High-gra rade de mine nerali ralizat zation n disc scovere ered d in 2018 drilling west of deposit. Shallow, open for expansion -- potential to materially improve economics ▪ Next phase of drilling planne ned/pe d/permi rmitt tted d Proven n management nt/di /direct ctors ▪ Histories of discovering, advancing and selling quality projects TSX-V: IZN TSX-V: IZN 4
InZinc Mining Ltd. Compelling Value Issued and Outstanding 115,085,419 Warrants 3,080,000 Options 7,980,000 Fully Diluted 126,145,419 Institutional Shareholders (fully diluted) 20% Management/Board (fully diluted) 20% Working Capital* ~C$410,000 Share Price (Aug 5, 2020) C$0.04 Market Cap C$4.6 million * As of July 1, 2020. Inclusive of anticipated provincial and federal exploration rebates. TSX-V: IZN TSX-V: IZN 5
Indy Sedex Project, Central BC Introduction B-9 Discove overy y Zone (201 018) 8) – Shall llow, ow, High-gr grad ade & R Rare Form of Minera rali lizati ation on ▪ Discovered by soil geochemical sampling – “blind mineralization” ▪ Open for expansion, all directions – 1.7km of strong geochemical trends remain untested ▪ Provides important vectors for additional, potentially large deposits on project ▪ 3 large anomalies over 25km project length remain untested – only 5% of project explored 5km m of Targets establish shed in 2019 9 – All Geologic ogical al and Geoche chemi mical al Indica cators ors are Present nt ▪ Expanded soil geochemical coverage at all known anomalies – 1,194 soil samples ▪ Geological mapping, prospecting conducted at Anomaly D area – Delta Horizon discovered ▪ 5km of un-drilled geochemical targets. Compiling results, evaluating airborne geophysical systems and planning next drill program TSX-V: IZN TSX-V: IZN 6
Indy Sedex Project, Central BC Sedex Discoveries, Producers, Deposits – Western Canada MAC PASS HOWARDS PASS CIRQUE LEGEND ND AKIE Sedex Producer – historical Sedex dex Discove overy ry (past st 25 years) rs) Sedex Deposit (known) Zinc Smel elter Ancestral North America: Shelf and platformal facies Ancestral North America: INDY SEDEX Basinal facies 2018 Discovery Pericratonic terranes SULLIVAN Former Sedex Producer Slide Mountain terrane $20B Metal Produced TRAI AIL Modified from Nelson et. al. 2002, 2006 SMELTER TER TSX-V: IZN TSX-V: IZN 7
Indy Sedex Project, Central BC A New Discovery – District Scale Potential Disc scov overy ery: High-grade, shallow mineralization 15.3% % (Zn+Pb) and 24.5 g/t silve ver r over 6.3m, including 46.6% % (Zn+Pb) and 45.8 g/t silve ver r over 0.5m, was announced in the first drill program (B-9 Discovery) in late 2018 Rare: Sedex type mineralization not previously At 50m below surface, discovery hole IB18-009 intersected 15 15.3% (Zn+P Zn+Pb) and and 24 24.5 g/t silv ilver er over er identified in this area of North America (only ~129 6.3m (HQ Cor ore), including 46 46.6% (Zn+P Zn+Pb) & 45 45.8 g/t known deposits in 25 unique sedimentary belts, silv lver er over 0.5m. known globally ) Giants nts: Known to form in clusters or districts, close to surface – Sedex deposits, collectively comprise the largest zinc deposits, reserves and production on the planet and are highly sought by major base metal producers Excepti ptiona nal Location: on: Easy access and improving infrastructure. Sedex mineralization is often located in remote or politically challenged areas TSX-V: IZN TSX-V: IZN 8
Indy Sedex Project, Central BC Easy Access & Excellent Infrastructure ▪ 100km southeast of Prince George, the major hub for transport and industry in central BC ▪ 85km from intercontinental (CNR) railhead ▪ 70km from Yellowhead highway (Hwy 16) ▪ Well maintained BC Forestry Road access to property ▪ ~500km from Trail smelter TSX-V: IZN TSX-V: IZN 9
Indy Sedex Project, Central BC New Infrastructure Large Tenure ure: : 16 claims, 25km strike District scale land package Access s Impro rovi ving: : Active, multi-season forestry roads and camp facilities 1.5 hour drive from Prince George Recently constructed infrastructure and 50 person camp – located 10km by road from the B-9 Discovery area – supporting cost-effective ground based exploration. TSX-V: IZN TSX-V: IZN 10
Indy Sedex Project, Central BC 25km Trend – 2019 Surface Exploration Zones & Soil Geochemi mist stry ry – View North th ACTION ZONE E DELTA EAST DELTA HORI RIZON ANOMALY ALY C ANOMALY ALY B TSX-V: IZN TSX-V: IZN 11
Indy Sedex Project, Central BC Main Trend – 2019 Surface Exploration Zones & Soil Geochemi mist stry ry – View Northe theast st R O C K Y M O U N T A I N S ANOMALY ALY B DELTA EAST ANOMALY ALY C 1.6k 6km (Pb, Zn, As, Sb, Ag) Historical Soils 750m 0m Untested Multiple High Contrast Horizons 1.5k 5km anomalous Pb+Zn (Zn,Pb,Ag,Ba,P,Sr) And Feeder Signatures DELTA HORI RIZON 1.5k 5km Untested (Zn,Ag,Pb,Ba,P,Sr) 15.3% (Zn+Pb) /6.3m Zoned Soil Anomaly 15% BaO, 2% P2O5 in rock OPEN TSX-V: IZN TSX-V: IZN 12
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