NELSON LAKE COPPER PROPERTY

OVERVIEW

Excellent Access

Hydropower ROW and Janice Lake all season trail intersect the property, two provincial highways nearby

Room To Expand

~5746ha (14,199ac) of contiguous claims

Geochemical & Geology

Excellent geology for numerous critical mineral deposits

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Excellent Access

Why Nelson Lake Area?

  • Target sedimentary hosted copper deposits Janice Lake FM, Rafuse FM, etc.
  • Adjacent Copper Properties
    • Cosa Resources – Heron (existing 43-101)
    • Forum Energy – Janice Lake
  • Good access with hydropower ROW and Janice Lake all season trail, two provincial highways nearby
  • The proximity of only ~50km to Key Lake uranium mine and mil

Room To Expand

Nelson Lake Claim Block

  • ~5746ha (14,199ac) of contiguous claims
  • Targeting sedimentary copper deposits in the Wollaston copper belt
  • Significant copper, uranium, and REE critical mineral showings in past geological work around the claim block, but minimal to no exploration samples taken within ~4.5km
  • Focus on underexplored copper areas, with significant upside in other critical minerals such as Uranium and Gold

Location and geology

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Geochemical & Geology

Tier 1 Mining Jurisdiction

  • Historical copper production near Flin Flon and extending to the northwest as well as the Athabasca basin
  • Saskatchewan Ranked #3 Globally behind Nevada and Western Australia
  • Significant mining in the Athabasca basin for Uranium production and REE exploration
  • Excellent geology for numerous critical mineral deposits including copper, uranium, REE, gold

Adjacent Analogues

Forum Energy - Janice Lake Property

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  • Rio Tinto optioned into the property in 2019 for $30mm in exploration. Forum bought back in March 2023
  • Rio built a 110km Janice Lake winter road for 50 person camp to explore 39,943ha
  • 2018 drilling 18.5m @ 0.94%-Cu & 6.7g/T-Ag along with 5.2m @ 2.22% – Cu a& 16.5g/T-Ag
  • Intersected up to 0.51%-Cu over 51.8m (JANL-0016)
  • Historical sampling showing up to 11% Cu 

Cosa Resources - Heron Property

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  • 3 distinct properties, combined ~11,122ha, optioned in
  • 43-101 report January 2022
  • Targeting eastern margin of Wollaston domain
  • Exploration work identified a target on the northern claim block adjacent to Nelson Lake claim

OUR PROPERTIES

TRANS-TAIGA

ALKALI FLAT

QUALIFIED PERSON

The disclosure of technical information in this presentation has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Andrew Watson, P. Eng, VP, Engineering and Operations who acts as the Company’s Qualified Person, and is not independent of the Company.