BRIXTON METALS CORPORATE PRESENTATION - January 2023 BBB. TSX-V BBBXF. OTCQB 8BX1. FSE
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SAFE HARBOUR STATEMENT Information set forth in this presentation involves forward-looking statements, including but not limited to comments regarding planned drilling and other exploration, identification of new targets, funding by HPX of exploration on the Hog Heaven project, seeking a joint venture partner at Atlin Goldfields Project, and timelines, predictions and projections. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified on the Company’s website or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. Forward-looking statements in this presentation are not guarantees or predictions of future performance. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements. A qualified person has not done sufficient work to classify the historical estimates in this presentation as current mineral resources or mineral reserves and the Company is not treating such historical estimates as current mineral resources or mineral reserves. Mr. Gary R. Thompson, P.Geo., Chairman, President and CEO of Brixton, is the QP who approved the scientific and technical information in this Presentation. 2
BRIXTON STRATEGY Advancing its Flagship Thorn Project in BC, Canada With its strategic investment by BHP, Brixton is fully funded for its 2023 exploration program GOLD Camp Creek Cu-Au-Ag-Mo Porphyry Target Trapper Gold Target Metla Cu-Au Porphyry Target SILVER Monetizing non-core Projects Hog Heaven Project: Optioned to Ivanhoe Electric COPPER USD $4.5M cash and $40M in work / 11 years, retaining 25% 3
WHY COPPER? Copper is #2 for electrical conductivity Goldman Sachs reiterated its bullish forecast for copper prices $5 a pound www.goldmansachs.com Codelco, the world’s biggest copper producer, warned shortages may reach 8Mt by 2032. This means the world would need to build eight projects the size of BHP’s Escondida in Chile, the world’s largest copper mine, over the next eight years. Source: canadianminingjournal.com 4
SHARE STRUCTURE $BBB TSX Venture Exchange BBB Share Price 0.25 Shares Outstanding 381M Market Capitalization $95M Warrants 99M Options 18.0M Cash $17M 1 Year Chart - BBB:TSX-V Daily Average Volume in 2023 1.2M shares Year High 0.30 $BBB #BuyBrixtonBig Year Low 0.12 5
PROJECT LOCATIONS PROJECTS COMBINED ~3,700 KM² OF MINERAL CLAIM HOLDINGS Optioned to Pacific Bay Minerals The Flagship Project A district scale COPPER dominant exploration play with multiple discoveries on the largest mineral claim in British Columbia Canada USA Canada Optioned to Ivanhoe Electric Inc. USA 6
HEART PEAKS – Newmont THORN PROJECT BRIXTON The Flagship wholly owned The Largest Mineral Claim in BC Located on trend with the prolific Golden Triangle In partnership with the Taku River Tlingit and GOLDEN BEAR – Past Producing Gold Mine Telegraph Creek Tahltan First Nations Iskut SADDLE – Newmont Easy access via 45 min plane flight from Whitehorse, YK. SHAFT CREEK – Teck/Copper Fox RED CHRIS – A massive 2,863km2 claim block Newcrest/Imperial Metals Potential access to US tide waters and the Golden Highway 37 Bear mine road to Hwy 37 District-scale project with large exploration GALORE CREEK – targets Teck/Newmont Bob Quinn Calc-Alkalic Cu-Au-Ag-Mo Porphyry TREATY CREEK – Tudor Gold Alkalic Cu-Au Porphyry Epithermal Au-Ag ESKAY CREEK – Skeena Volcanic & sediment hosted Au-Ag KSM/SNOWFIELD– Seabridge BRUCEJACK– Newcrest RED MTN – Ascot PREMIER – Ascot Stewart 7
NORTH TARGET CAMP CREEK THORN PROPERTY TARGETS COPPER GEOCHEMISTRY OUTLAW WEST TARGET TAT 14 Target Areas TERR TRAPPER VAL EAST TARGET CENTRAL TARGET METLA Since 1952: GOLDEN BEAR MINE 315 holes PLUM Past Producer Au 74,500m drilled 28,750 Soils 9,300 Rocks 1,380 Stream Seds SOUTH TARGET GOLDBEE 8
NORTH TARGET CAMP CREEK THORN PROPERTY TARGETS GOLD GEOCHEMISTRY OUTLAW 14 Target Areas WEST TARGET TAT TERR TRAPPER VAL EAST TARGET CENTRAL TARGET METLA GOLDEN BEAR MINE 80km megatrend PLUM Past Producer Au Long-lived mineralizing system Triassic-Jurassic-Cretaceous-Eocene Largely underexplored SOUTH TARGET GOLDBEE 9
AIRBORNE GEOPHYSICS - RESISTIVITY Surface Resistivity 200 M Depth Slice 1100 line-kilometer Airborne Mobile MT Survey 2021 10
AIRBORNE GEOPHYSICS - RESISTIVITY 400 M Depth Slice 800 M Depth Slice 1100 line-kilometer Airborne Mobile MT Survey 2021 11
CAMP CREEK DIAMOND DRILLING OPEN Copper Equivalent (CuEq) is calculated based on US$ 4.30/lb Cu, US$ 1820.00/oz Au, US$ 23.80/oz Ag, $US 18.00/lb Mo. These prices represent the approximate 1 year moving averages of metal prices and calculations assume 95% recovery. 6,484m drilled in The formula is: CuEq % = (Cu % + 2022 from 6 holes (0.617248 * Au g/t) + (0.008072 * Ag g/t) + (0.000419 * Mo ppm)) * 0.95 Please refer to Slide 22 of this presentation for individual metal grade breakdowns for each drill hole. 12
2022 CAMP CREEK: A BLIND PORPHYRY DISCOVERY Copper Equivalent (CuEq) is calculated based on US$ 4.30/lb Cu, US$ 1820.00/oz Au, US$ 23.80/oz Ag, $US 18.00/lb Mo. These prices represent the approximate 1 year moving averages of metal prices and 3.44% Cu, 2.03 g/t Au, 193 ppm Mo over 1m calculations assume 95% recovery. The formula is: CuEq % = (Cu % + (0.617248 * Au g/t) + (0.008072 * Ag g/t) + (0.000419 * Mo ppm)) * 0.95 Please refer to Slide 24 of this presentation for individual metal grade breakdowns for each drill hole. 13
HOLE THN22-201: CAMP CREEK PORPHYRY Copper Equivalent (CuEq) is calculated based on US$ 4.30/lb Cu, US$ 1820.00/oz Au, US$ 23.80/oz Ag, $US 18.00/lb Mo. These prices represent the approximate 1 year moving averages of metal prices and calculations assume 95% recovery. The formula is: CuEq % = (Cu % + (0.617248 * Au g/t) + (0.008072 * Ag g/t) + (0.000419 * Mo ppm)) * 0.95 14
2022 GLOBAL COPPER INTERCEPTS (to December 31st) Copper as the Primary Commodity 2021-Oct-19 THN21-184 377.0 1198.25 821.25 0.24 0.28 2.4 174 0.48 Note: Only the best hole from 2022 was included for each project. *Copper Equivalent (CuEq) is calculated based on US$ 4.30/lb Cu, US$ 1820.00/oz Au, US$ 23.80/oz Ag, $US 18.00/lb Mo. These prices represent the approximate 1 year moving averages of metal prices and calculations assume 95% recovery for every metal and each individual project. The formula is: CuEq % = (Cu % + (0.617248 * Au g/t) + (0.008072 * Ag g/t) + (0.000419 * Mo ppm)) * 0.95. 15
GOLD GEOCHEMISTRY THORN CAMP & AIRSTRIP CAMP CREEK 2km by 1km OUTLAW 5km by 1km TRAPPER 4km by 1km 16
TRAPPER DRILLING & ROCK SAMPLING 9,119 meters drilled at 152 g/t Au 77.2 g/t Au the Trapper Target in 2022 THN22-203 22.5 g/t Au THN22-225 THN22-226 THN22-204 THN21-227 THN22-205 106.5 g/t Au THN22-216 THN22-248 85.9 g/t Au THN22-217 THN22-250 61.9 g/t Au THN22-218 46.6 g/t Au THN22-219 37.9 g/t Au 25.9 g/t Au 19.3 g/t Au THN22-206 48.5 g/t Au THN22-207 THN21-186 135.5 g/t Au 21.7 g/t Au 47.0 g/t Au THN22-220 41.6 g/t Au THN22-222 36.9 g/t Au THN22-224 THN21-223 22.5 g/t Au 61.2 g/t Au THN22-208 39.3 g/t Au THN22-209 33.3 g/t Au THN22-210 23.0 g/t Au THN22-241 THN22-238 THN22-242 THN22-249 THN22-237 THN22-251 THN22-239 31.9 g/t Au THN22-244 THN22-252 THN22-240 THN22-253 28.2 g/t Au THN22-246 THN22-255 THN22-243 THN22-254 THN22-245 THN22-256 THN22-247 THN22-257 Gold & Zinc Geochemical Trend 17
TRAPPER GOLD TARGET– 2022 DRILLING THN22-244 Gold & Zinc 253.00m of 1.40g/t Au Geochemical Trend Incl. 93.00 of 3.22g/t Au Incl. 12.31m of 16.18g/t Au THN22-205 64.00m of 5.74g/t Au Incl. 28.95m of 10.36g/t Au THN22-248 199.00m of 1.12g/t Au Incl. 87.00 of 2.19g/t Au THN21-186 139.00m of 2.14g/t Au Incl. 11.00m of 19.25g/t Au THN22-241 113.00m at 1.05g/t Au THN22-256 138.00m of 1.20g/t Au THN22-243 THN22-237 Incl. 46.39 of 1.84g/t Au 398.30m at 0.85g/t Au 304.46m at 1.19g/t Au Incl. 113.57m at 2.10g/t Au Incl. 84.00m at 3.10g/t Au 500m 18
TRAPPER GOLD TARGET– THN22-205 STRIP LOG Gold-silver mineralization has a positive correlation with base metals 19
TRAPPER VISIBLE GOLD IN DRILL CORE 2022 Visible gold hosted in quartz diorite Visible gold hosted in quartz diorite THN22-205 @ 151.75m - 249 g/t Au over 0.25m THN22-237 @ 159.78m – 34.5g/t Au over 0.38m Visible gold hosted in quartz diorite Visible gold hosted in quartz diorite Visible gold in base metal vein THN22-206 @ 60.18m 8.96 g/t Au over 0.25m THN22-255 @ 61.77m – 15.45 g/t Au over 0.30m THN22-208 @ 23.51m 40.6 g/t Au over 0.25m 20
METLA 2022: DRILLING, PROSPECTING, MAPPING & SOILS 1,482m from 8 holes THN22-229 @ 92.35m Bornite and Chalcopyrite THN22-234 @ 17.63m Chalcopyrite and Bornite in a hematite + pyrite vein Assays pending 21
METLA: COPPER-GOLD ALKALIC PORPHYRY TARGET Bornite-chalcopyrite-visible gold, hosted in potassically altered hornblende diorite Chalcopyrite in Kspar-Epidote-Chlorite Float Sample 2022 Chalcopyrite in Quartz-Kspar Vein Visible gold and bornite Visible gold and bornite Bornite and Chalcopyrite 22
SUMMARY BBBXF. OTCQB The largest mineral claim group in BC for Cu-Au Porphyry BBB. TSX-V 8BX1. GR Recent Strategic Investment by BHP (19.9%) 1-604-630-9707 Fully funded for 2023 copper-gold exploration Email: info@brixtonmetals.com www.brixtonmetals.com Suite 551 – 409 Granville Street Upside via JV-funded work on non-core projects Vancouver, BC, V6C 1T2 Canada $BBB #BuyBrixtonBig 23
APPENDIX: SUPPLEMENTAL DATA Copper Equivalent (CuEq) is calculated based on US$ 4.30/lb Cu, US$ 1820.00/oz Au, US$ 23.80/oz Ag, $US 18.00/lb Mo. These prices represent the approximate 1 year moving averages of metal prices and calculations assume 95% recovery. The formula is: CuEq % = (Cu % + (0.617248 * Au g/t) + (0.008072 * Ag g/t) + (0.000419 * Mo ppm)) * 0.95 24
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