battery metal assets in a low-risk jurisdiction with fast ... · and opinions of bluebird’s...

With Fast Track Potential

Battery Metal Assets

In a Low-Risk Jurisdiction

BATT:TSX-V BBBMF:US

With Fast Track Potential

Battery Metal Assets

In a Low-Risk Jurisdiction

www.bluebirdbatterymetals.com

2 BLUEBIRDBATTERYMETALS.COM | BATT:TSX-V BBBMF:US

Forward Looking Statements

This presentation contains certain statements that may be deemed “forward-looking statements”. All statements, other than statements of historical

fact, that address events or developments that BlueBird Battery Metals Inc. 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. Although BlueBird Battery Metals 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, exploration

and production successes or failures, continued availability of capital and financing, inability to obtain required shareholder or regulatory approvals,

and general economic market or business conditions. Forward-looking statements are based on the beliefs, estimates and opinions of BlueBird’s

management on the date the statements are made. Nathan Tribble, P.Geo., has approved the information contained in this presentation. Mr. Tribble

is the P.Geo of the Company and is a Qualified Person as defined by NI 43-101.

Battery Market Update

➢ Why Nickel?

Western Australia

Bluebird Battery Metals Projects

➢ Canegrass Project

➢ Ashburton Project

➢ 2020 Programs and

Catalysts


The Battery-Powered Industrial Revolution


BY

2025

70+ new battery megafactoriesin operation

First government

bans on gas/diesel vehicles

Automakers to spend

US$300B on EVs

Tens of millions of EVs expected on the roads

millions of charge stationsinstalled

100,000+ GWh in new energy storage capacityexpected online


Nickel; Set to Become The Next Winner In The Battery

Boom

1. Consumer driven changes in battery design are underway

- Demand is for parity with gas driven vehicles in terms of cost and distance traveled on

a single charge

2. Manufacturers are moving away from:

- low or no-nickel batteries

- LFP - Lithium ion phosphate that uses no nickel

- NMC 111 that uses equal parts nickel, manganese and cobalt

3. Manufacturers are moving towards:

- Higher nickel variety batteries

- NMC 523, 622 and NMC 811 which uses 8 parts nickel to 1 part cobalt and

manganese

4. Fitch Solutions forecast has NMC batteries nearly tripling from 28% of global EV sales to 63%

by 2027.


NiThe Trans Australian Indian Pacific train linking Sydney with Perth includes a 478 kilometer straight stretch – the worlds longest!

Roughly 125,000 people are employed in Mining in Western Australia, which generated over $145 billion in sales in 2018/2019


Nickel; Set to Become The Next Winner In The Battery

Boom

According to the Roskill “Nickel Outlook to 2029” the battery nickel

demand forecast:

- 258,000 tonnes by 2022

- Rising to 3.69 million tonnes by 2030

6 BLUEBIRDBATTERYMETALS.COM | BATT:TSX-V BBBMF:US Source: Western Areas Ltd., Trafigura Research, SMM, CIAP –March 2020


Battery Growth DriversEV adoption headed towards unstoppable upwards trend

Government action is underway

• 9 Countries and multiple states, provinces,

cities planning bans on gas/diesel vehicles

from 2025

• China and nine US states have introduced

minimum EV sales mandates

Auto industry is spending

• US$300B committed to EV dev and production

by 2025 (incl. $87B for battery procurement)2

• 39 automakers have EVs available or in

development, including sedans and pick-ups

Charge station numbers growing

• 630,000+ charge stations in place; commitments

to roll out multi-million location networks by

20301

• Major oil companies are investing in and

acquiring EV charge station companies

Ev adoption is accelerating

• 5.4M EVs in use by end of 20181. Major sales growth

year-on-year. 2.1M EVs sold in 2018

• Analysts forecasting from 20M3 (Morgan Stanley) to

120M4 (IEA) EVs on the road by 2030

1 Bloomberg NEF2 Media

3Public announcements4International Energy Association


Battery Metal Jurisdiction Risks

Cobalt: 65% of global supply from DRC

• Resurgence of conflict in the eastern DRC

• Institutionalized corruption

• Volatile inflation

• Child labor

• Questionable supply chain/product provenance

Nickel: 33% of global supply from Indonesia

& Philippines

• Graft/corruption and limited

ownership

• Import/export restrictions

Copper: 30% of global supply from Chile,

Peru & DRC

• Old, depleting mines

• Geopolitical risk and worsening

international trade relations

Vanadium: 40% of global supply from Russia,

S. Africa & Brazil

• Niche, small and opaque market

• Few pureplay producers

VCu

NiCo


The Western Australia Jurisdiction Advantage

▪ Consistently ranked World Top 5 jurisdiction

▪ Politically stable and pro-mining

▪ Stable regulatory framework

▪ Attractive investment environment

▪ Highly prospective mineralogy

▪ Excellent infrastructure including road, rail, ports

▪ High quality end product for battery metals

▪ Skilled and experienced workforce

Global battery metal production is

dangerously reliant on unstable,

high-risk jurisdictions

PILBARA MINERALS

Discovery to Production

4 years

ALTURA MINING


3.6 years

MINERAL RESOURCES


4 years

End users are actively seeking

stable, reliable and conflict-free sources

of production


WA projects can

move rapidly

into production

Fast Track Potential in a

Low-Risk Jurisdiction

• Broad Exposure to Booming Battery

Industry with Ni-Cu-Co and PGE’s

• Projects with Clear Path for Advancement

• Low-Risk, Pro-Mining Jurisdiction that

Facilitates Rapid Project Development

• Experienced Management and

Technical Team

• Multiple Catalysts with Work Programs

Underway

• Long-term Battery Metal Growth Trend

• Battery Metal Growth moving towards

higher Nickel content batteries to improve

vehicle range



Project Portfolio

Perth

Ashburton Project

Western Australia

A U S T R A L I A

Canegrass Project

Western Australia

Mn

Geraldton

✓ Located in established mining

districts known for high-value

deposits

✓ Excellent infrastructure

✓ 100 % Ownership

Co

VNi Cu CoPd


Canegrass ProjectHigh Grade Ni-Cu-Co-Pt-Pd-V2O5

Cu

Co

V

Ni

2018 Drilling Success

• Multiple, high-grade, near-surface hits

• Successful holes in line with survey anomalies

Multiple exploration expansion

targets

• Opportunity to expand known mineralization

along strike and at depth

• More survey anomalies to be drill tested

• High-grade Nickel, Copper, Palladium

discovered in near-surface drilling (2018

drilling)

A U S T R A L I A

Canegrass

Tenement

Canegrass Project

Western Australia

Pt Pd


Atlantic Vanadium Windimurra

Mine

Bluebird Canegrass Property

Canegrass Project – Regional Magnetics


Canegrass Project

➢ 4200 Ha property in WA (Western Australia).

➢ Underexplored, located in the Windimurra Intrusive

Complex.

➢ Road accessible – 500 km from tidewater.

➢ Demonstrated Ni-Co-Cu potential associated with

airborne VTEM TM anomalies.

➢ Multi-element rock and soil sampling

(historical) indicates the absence of arsenic.

➢ Surface EM (2018) has confirmed strong EM

anomalies associated with many of the VTEM TM

anomalies.


Canegrass Project

2018 Drill Highlights

➢ All holes returned anomalous values of Ni, Cu, Co (and PGE)

➢ BBRC001 (Winx) 14m @ 1.17% Ni, 0.88% Cu and 0.05% Co from 65m, including 1m @ 2.70% Ni, 0.23% Cu and 0.12% Co

➢ BBDD001 (Sunline) 0.57m @ 3.07 % Ni, 0.62% Cu and 0.24% Co from 144.1m

➢ BBDD002 (Tulloch) 14.25m @ 0.69% Ni, 0.82% Cu and 0.05% Co from 243.2, including 4.9m @ 1.33% Ni, 1.26% Cu and 0.10% Co

➢ All mineralized holes open along strike and at depth

➢ Downhole electromagnetic (DHEM) testing identified anomalies in holes BBRC001 and 002, BBDD001 and 002, strongly suggesting mineralization is more extensive than intersected

2020 Drill program

➢ Two phase, 18 holes

➢ 1660 meters RC drilling

➢ 1500 meters DDH core

➢ Eight target areas


Canegrass Project


Ashburton Project

Mn

A U S T R A L I A

Ashburton Project

Western Australia

Co

• 189,000 ha Property with 30km

strike along the prospective Talga

Fault Zone.

• High-grade cobalt encountered (by

sampling) in multiple locations with

up to 0.421% (4,214ppm) Co

• Strong correlation with

manganese. The cobalt

mineralization at Ashburton displays

correlation with manganese

enrichment, with grades up to

27.8% Mn.


Ashburton Project:Multiple Exploration Hot Spots


2020 Programs and Catalysts


➢ Canegrass exploration

➢ Renowned geological and geophysical team heading exploration

program

➢ Drilling ~ 3,160 meters RC and DDH

➢ Exploration targets – Comets well, Shear zone, Layered mafic

intrusion complex

➢ Approx 8 km of shear zone within layered mafic intrusion complex


Management

Peter Dickie

President, CEO and Director

Mr. Dickie has over 35 years of experience in the public and private

corporate environment, with over 25 years spent in management

positions. He is the former President, CEO and director of NioCorp

Developments Ltd., a company developing the largest super-alloy mineral

deposit in North America (Niobium, Titanium and Scandium). During his six

years with NioCorp, Mr. Dickie developed key relationships with property

owners and all levels of government in the project area, built a team of

internationally recognized senior executives, raised tens of millions of

dollars and graduated the company to the TSX. During this time, NioCorp’s

market capitalization grew from under $5 million to over $200 million.

Neil McCallum

Director

Mr. McCallum, B.Sc, P.Geo, is a Senior Geologist with over 15 years of

experience and has been in the industry-leading Dahrouge Geological

Consulting Ltd. group for the majority of that time. Amongst other projects,

Mr. McCallum was extensively involved from an early stage in the NioCorp

superalloy project in Nebraska alongside Mr. Dickie. He has a proven track

record of identifying high-potential exploration projects and advancing

them to the feasibility stage. His background in the exploration of battery-

related and energy metals aligns with the upcoming revitalization and focus

of the Company.

Nathan Tribble

Director

Mr. Tribble, P.Geo. (ON) has over 14 years of professional experience in exploration and mining, with a particular focus on gold and base metal exploration and project evaluation. His current position is Vice President Exploration at Gatling Exploration Inc and past experience includes Senior Principal Geologist for Sprott Mining, Senior Geologist for Bonterra Resources, Jerritt Canyon Gold, Kerr Mines, Northern Gold, LakeShore Gold and Vale Inco. Mr. Tribble is registered as a Professional Geoscientist in Ontario and holds a Bachelor of Science degree in Geology from Laurentian University.

Jeremy Ross

Director

Jeremy Ross has over 20 years of experience in venture capital and

marketing for small cap to mid-tier mining, cannabis, and technology

companies. He was a Director of Fission Uranium Corp TSX from 2013 to

2017, as well as the Corporate Development Consultant for Fission Energy

when it was named a Top 50 TSX-V company for its performance. Mr. Ross

was the head of corporate development for Able Auctions and Smart Tire

systems, both of which graduated from the OTC to the Amex stock

exchange (NYSE). Mr. Ross currently holds multiple board positions with

TSX, TSX.V & CSE listed companies.

Joseph Meagher

Chief Financial Officer & Corporate Secretary

Mr. Meagher became a Chartered Professional Accountant (CPA, CA) in

2008, and obtained the Chartered Director (C.Dir.) designation from The

Directors College (a joint venture between McMaster University and The

Conference Board of Canada) in 2017.


Share Capital (as at April 01, 2020)

Share Price C$0.07

Shares Outstanding 66.5M

Warrants 1.7 M

Options 6.4 M

Fully Diluted 74.6 M

Mkt Cap. (Basic) ~C$4.7M

BATT TSX-V


BBBMF US


BATT:TSX-V

BBBMF:US

1680 – 200 Burrard Street

Vancouver, BC V6C 3L6

+1 604 678 5308

+1 855 678 5308

www.bluebirdbatterymetals.com

[email protected]

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