corporatepresentation june2021
TRANSCRIPT
Corporate Presentation
June 2021
Excellence In Exploration
T S X : T S K
O T C Q X : T S K F F
Forward Looking Statements
June 2021
Certain statements in this presentation are forward-looking statements, which reflect the expectations of management regarding thebusiness development objectives and plans of Talisker Resources Ltd. (“Talisker” or the“Company”).
Forward-looking information contained in this presentation are based on certain factors and assumptions regarding, among other things, thereceipt of all necessary regulatory approvals, availability of necessary financing, potential mineralization on the properties proposed to beacquired, and other similar matters. While Talisker considers these assumptions to be reasonable based on information currently availableto it, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors whichmay cause the actual results, performance or achievements to be materially different from any future results, performance or achievementsexpressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineraldeposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade orrecovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increasedcompetition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks,including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title andenvironmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.
Further, these forward looking statements reflect management’s current views and are based on certain expectations, estimates andassumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differmaterially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions inNorth America and internationally, (2) the inherent uncertainties and speculative nature associated with gold exploration, (3) a decreaseddemand for gold, (4) any number of events or causes which may delay exploration and development of the Company’s property interests,such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does notexecute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8)other factors beyond the Company’s control. These forward looking statements are made as of the date of this presentation and Taliskerdoes not assume an obligation to update these forward looking statements, or to update the reasons why actual results differed from thoseprojected in the forward-looking statements,except in accordance with applicable securities laws.
Additional information about Talisker and these and other assumptions, risks and uncertainties is available on SEDAR under the publicfilings of Talisker available on SEDAR at www.sedar.com. Any Resources, Reserves or other estimates as to the volume of mineralized rockcontained herein are historical estimates and were completed prior to the implementation of NI 43-101 unless expressly stated. Sufficientwork to classify the historic mineral resource as a current mineral resource has not been completed. Hence, the resource estimate shouldnot be relied upon.
2
Tal isker ’s Vis ion…
June 2021 3
To Become a Tier 1 Gold Explorer
Al l the Ingredients for Success
June 2021 4
• Industry leading discovery team• All assets in top first world jurisdiction• All assets close to infrastructure and skilled workforce• Well-constrained potential for initial 1.5-2Moz ounces at
flagship• Large scale upside potential along 30km mineralised trend• Large greenfields land package building project pipeline• Well-funded by strong institutional and insider shareholder
base• Strong treasury position
Hit t ing the Ground Running…
June 2021 5
Significant Achievements Since Listing:• Since December 2019
• Validated Historic data and geological model at Bralorne
• Commenced resource drilling program (currently 4 Drill Rigs)
• Discovered near-surface bulk tonnage potential (Charlotte Zone)
• Signed agreements with local stakeholders• Identified 4 drill-ready Greenfields gold targets
(Golden Hornet, Nova, Cyclone, Dora)
Clear Pathway to Rapid Growth
June 2021 6
Only the beginning with major milestones ahead• 2021/early-2022:
• Complete Stage 1 of resource drill-out (100,000m).• Deliver compliant resource estimate for Bralorne in
2022.• Drill test 4 gold targets in Spences Bridge (Beginning
April).• Develop world class project pipeline in highly
prospective gold belt – over 100 anomalies (Ongoing).
Co rpora teShare Structure and Capitalization
Capital StructureCommon Shares Outstanding 255,300,281Warrants 22,706,644Options + RSUs 16,105,000Fully Diluted Shares Outstanding 294,111,925
Market CapitalizationCurrent Capitalization ~$84.3 million
Strategic investment by New Gold and strong institutional shareholder base
including Franklin, RBC, Sprott, Gold 2000, Equinox, Merk, Donald Smith and others.
~C$35M in Treasury ** post $19.1 million private placement that closed April 15, 2021
June 2021 7
48.7%
31.7%
7.2%
6.2%6.2%
14.6%
Proforma Shareholder Base
Retail InstitutionalInsiders AvinoOsisko New Gold Inc.
Co rpo ra te Leadersh ipM A N A G E M E N T
TerryHarbortCEO, President, Director
PhD in Structural Geology and Tectonics ● Co-founder and VP Exploration, Talisker Exploration Services Inc. and former Directorand VP Corporate Development, Sable Resources Ltd. and former Chief Geoscientist, Barkerville Gold Mines Ltd. ● Recognizedsenior member of the discovery team of AngloGold's Ashanti's La Colosa and Gramalote deposits.
AndresTinajeroCFO, Director
MBA and Member, Canadian Institute of Chartered Professional Accountants, the Certified Practicing Accountants of Australiaand Certified member, Institute of Corporate Directors ● Served as CFO and Vice President of Finance of several medium sizedpublic companies across Canada ●
Mick Carew VP, Corporate and Strategic Development
PhD in Economic Geology ● ~20 years experience in the domestic and international mining industry ● Former senior mininganalyst with Haywood Securities ● Advanced exploration roles with BHP Billiton, Ivanhoe Mines, Mount Isa Mines, amongothers
Michael McPhieVP, Sustainability and External Affairs
25 years senior experience in the natural resources sector ● Specialist in regulatory issues for mining projects and operationsincluding leading the environmental assessment, permitting, Indigenous engagement and government affairs for many projects inwestern and northern Canada and internationally
Leonardo de SouzaQP VP, Exploration &Resource Development
35 years experience in mineral exploration and 21 years in mineral resource estimation ● Brownfields exploration and resourceestimation and evaluations in a range of commodities and deposit styles from grassroots opportunities to feasibility studies andmining operations
Ruben PadillaDirector of Geology
PhD in Geology ● 30+ years experience in the mineral exploration industry, including important research at the La Escondidadeposit ● Member of the team that discovered the Colosa and Gramalote deposits in Colombia ● Former Exploration CountryManager in Peru and Chief Geologist for the Americas, AngloGold Ashanti Ltd.
June 2021 8
Co rpo ra te LeadershipNON-EXECUTIVE DIRECTORS
Morris Prychidny (1)(3*)Chairman
Chartered Accountant with 35+ years experience in the mining, entertainment and real estate industries ● Current Chairman,Nighthawk Gold Corp. and Director, Fountain Asset Corp. and Northfield Capital Corporation ● Director and Asset Manager,Orion Capital Incorporated, a Toronto-based asset management company ●
Brent Gilchrist (4) President, JDS Resources Inc., the JDS Group of Companies’ venture capital and private equity arm responsible forinvestment management, acquisitions and project financing ● President and Co-founder, JDS Silver Inc., the owner andoperator of the Silvertip Mine located in northern British Columbia ●
Susan J. Mitchell (1)(2*) Senior financial executive with extensive experience in minerals, natural resource and clean energy sectors gained with twoglobal banking institutions, a Fortune 400 mining company and in her own corporate finance advisory firm, S. Mitchell &Associates, LLC which she still operates
Eric Tremblay (2)(4*) BSc. in mining engineering and mineral processing from Laval University, Quebec ● Mining executive with close to 30 years’experience in mine building and mine operations ● Current COO, Dalradian Resources Inc. ● Former General ManagerCanadian Malartic, Canada’s largest gold mine.
Blair Zaritsky (1*)(2) Chartered professional accountant with 15+ years of professional experience, primarily in the mining sector ● Current ChiefFinancial Officer, Osisko Mining Inc. and former Chief Financial Officer and Director, Oban Exploration Limited
Committee Membership: (1) Audit, (2) Compensation, (3) Corporate Governance and Nominating, (4) SHEA & Technical | * Denotes Chair
June 2021 9
• Majority control of three Canadian gold belts (278,363+ha in mineral claims)• Bralorne: Historic Camp ([email protected]/t mined, 90% recovery)• Bralorne Brownfields: 33km trend along strike of Bralorne• Greenfields (Spences Bridge): 8 drill targets defined from 100+ anomalies
Dominant Explorer in Southern BC
June 2021 10
Revealing Full Potential at Bralorne
June 2021 11
• High-Grade Historic Gold Producer• 30 Gold-Bearing Veins Identified• High Vein/Grade Continuity• High-Grade Historic Producer• Previously Unrecognized Bulk
Tonnage Potential
Plan View
0m
Au g/t
Pioneer Mine
Bralorne Mine
King Mine
Interpreted Targets
Optionality/Growth Potential at Bralorne
June 2021 12
Charlotte Zone
OPEN
OPEN
OPEN
OPEN
OPENOPEN
King
BralorneWest Bralorne
EastPioneer Pioneer
Extension
Near-Surface Bulk Tonnage/Shallow High-Grade
“Shallow” High-Grade Zone
“Deep” High-Grade Zone
350m
750m
~2,000m
350m
750m
~2,000m
350m
750m
~2,000m
Initial Low-Risk Approach
June 2021 13
KingBralorneWest
BralorneEast Pioneer
Charlotte Zone
• Confirm high-grade drift samples between historic mined stopes• Confirm near-surface bulk tonnage gold mineralization (surface to ~350m)• Confirm high-grade gold mineralization between the King, Bralorne and
Pioneer deposits
Charlotte Zone – Near-Surface Bulk Tonnage Opportunity
June 2021 14
• Confirmed previously unrecognized bulk tonnage zone above high-grade veins
• Current dimensions: 600m by 270m by 300m
• Potential starter pit option for underground mining scenario
• Evidence of other near-surface mineralization along strike above King, Bralorne and Fergusson Blocks
• Historic core re-sampling program underway 15,000m
District-Scale Upside
June 2021 15
KingBralorneWest
BralorneEast
PioneerPioneerExtension
Only 6km of defined 30km strike length
• Excellent vein continuity along strike and at depth confirmed by historic mining
• Multiple brownfields drill targets outside of immediate camp
• District scale land package with over 40 mineral occurrences
30km
Characteristics of Gold Mineralization at Bralorne
High-Grade Underground Potential (>350m):• Quartz vein with lower-grade selvage/halo (av 0.5 to 2.5 g/t gold• Vein + Selvage = increased width with minimal dilution• Potential upside for future UG mining scenarioNear-Surface Bulk Tonnage Potential (<350m)• Broader vein structures average 4 metres wide• Opportunity for near-surface and UG bulk tonnage potential
June 2021
Vein + Selvage Width = Up to 5 meters
16
High-grade Zone (>350m) Charlotte Zone (<350m) *142.5 to 152.0 m: 5.45 g/t gold over 9.5m
Simi la r Depos i ts /Opera t ions
Curraghinalt Serra Grande Charters Towers Bralorne
Location Ireland Brazil Australia Canada
Status Development Production Production Historic Producer
Deposit type Orogenic Orogenic Orogenic Orogenic
Resource/Reserve 3.06 Moz @ 15.02 g/t Au (Measured and Indicated)
2.74 Moz @ 4.52 g/t Au (Measured, Indicated and Inferred)
11.78 Moz @ 14.5 g/t gold (Indicated and Inferred)
169,000 ounces @ 8.37 g/t Au (2014)
Production 1,400 t/d 123,000 Oz @ 3.23 g/t gold (2019)
150 t/h 4.2 million ounces @ 17.7 g/t gold (total)
UG Mining Method Cut and fill, long-hole Cut and fill, sub-level stoping
Long-hole stoping Shrinkage stoping, cut and fill (historic production)
Average Vein Width 0.73 m N/A 0.1 to 2 m <0.5 m to 2 m
Average stope width 1.6m (min 1.0 m) 1.8 m 1 to 1.5 metres 1.5 m
Source 2017 Feasibility Study 2017 SEC Filing Report
2014 Technical Report 2020 Technical Report
• Analogous high-grade/narrow vein deposits/operations:
• Other analogous examples include: • Cuiaba and Corrego do Sitio, Brazil (Anglo Gold Ashanti)• Challenger and Morning Star (Australia)
June 2021 17
Infrastructure• Direct Highway Access from Vancouver (231km via Hurley, 371km via Lillooet)
• Proximal to airstrip
• Active mining, tailings and water discharge permits / No acid mine drainage
• Direct grid power connection (1.5Mva) / Hydro generation plant 4km from site
• State of the art water treatment facility
• Operational camp and kitchen
• Consolidated land package (11,619 ha in 55 mineral claims, 3 leases + 198 Crown Grant claims)
• Proven process flow (gravity and float con.) - 90% average recovery
• Key indigenous and community agreements signed
June 2021 18
Explorat ion Dr i l l Plan
• 2020 - 21,550m completed in first year
• 2021 - Stage one 100,000m resource drill program underway
• Targeting inferred resource to 700m depth on 14 veins
• Early focus on close-to-surface vein zones
• 5 Rigs active increasing to 6 on June 15th
• 100 person camp and new logging facilities under construction
June 2021 19
Bralorne Brownf ie lds
June 2021 20
Bralorne Mine Camp
• Expansion Potential Beyond Bralorne Camp• Historic data digitization underway• BRX Property:
• Included in 5-year Bralorne drill permit• Drilling Q3/21
• Congress:• Historic 57,234 ounce gold resource• Drilling Q3/21
• Remington:• Epithermal-style mineralization• Greenfield’s exploration work H2/21
• Royalle:• Orogenic/skarn-style mineralization• Greenfield’s exploration work H2/21
Developing A Project Pipel ine
• Spences Bridge: 85% control/Remington: 100% control• Systematic (major company scale) Greenfield’s exploration program
• Year-round field season with 20 geologists on the ground (2019/2020)
• Continue to monitor M&A opportunities
• Building long term robust project pipeline
• C$8M budget for 2021: 15,000m drilling, 5,000 soil samples, 500 silt samples, 1,000 rock samplesJune 2021 21
ContactCo rpo ra te He ad Office :
350 Bay Street, Suite 400 Toronto, ON M5H 2S9
900-999 West Hastings Street Vancouver, BC V6C 2W2
Terry Harbort, President & CEO+1(416) [email protected]
Nikki McEachnie, Investor [email protected]+1(416) 209-4940
TSX:TSK OTCQX:TSKFF
Vancouver Off ic e :
June 2021 22