CORPORATE PRESENTATION - BBBXF. OTCQB BBB. TSX-V 8BX1. GR OCTOBER 2021 - Brixton Metals
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CORPORATE
PRESENTATION
OCTOBER 2021
BBBXF. OTCQB
BBB. TSX-V
8BX1. GR
1
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 a 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
2021 BRIXTON STRATEGY
Conduct systematic exploration on its
wholly-owned projects to:
Generate high impact results
GOLD Drill for new discoveries
Expand known mineralization
SILVER
Monetize projects through JV’s
USD $44.5M Earn-in-JV with HPX
at Hog Heaven Project
COPPER
3
MANAGEMENT & DIRECTORS
A Technically Strong team
GARY THOMPSON P.Geo., CHAIRMAN & CEO
A wealth creating geologist with business acumen; pushing for strong value generation for Brixton shareholders
CALE MOODIE BSF, CPA, CA, CFO & DIRECTOR
Cale Moodie's career in public markets spans two decades with extensive experience in the mineral exploration space. He is dedicated to all things "mining".
CHRISTINA ANSTEY BSc, V.P., EXPLORATION
Former Senior Geologist for Pretium at the Brucejack Mine’s exploration. Christina is the driving force for exploration success at Brixton Metals
RITA ADIANI DIRECTOR
Rita has extensive M&A and advisory experience in mining and is a law graduate with a Certificate in Mining Studies. She brings CSR into focus as we strive for excellence.
IAN BALL B.Com, DIRECTOR
As CEO of Abitibi Royalties, he has mined the Americas for gold and silver. His strong business acumen directs us to keep our eyes on the prize.
RANDALL THOMPSON DIRECTOR (no relation to the CEO)
With decades of experience in building and operating mines around the world, Randall (of no relation to the CEO) is able to plow through the details and construct
strategic pathways for our success.
4
MANAGEMENT & DIRECTORS
A Technically Strong team
K. BROCK RIEDELL (Geology), SENIOR TECHNICAL ADVISOR
Brock is a Porphyry Expert with a lifetime of experience. Brock has been instrumental in the recognizing of the district scale porphyry potential of the Thorn Project
MITCHELL SMITH V.P. INVESTOR RELATIONS
Mitchell brings his sales background to Brixton and adds his personal touch to increasing shareholder engagement
SUSAN FLASHA, M.Sc. CORPORATE DEVELOPMENT
MONICA BARRINGTON, M.Sc. SENIOR PROJECT GEOLOGIST
COLIN MCGILLIVRAY, B.Sc. SENIOR GEOLOGICAL MODELER
5
SHARE STRUCTURE
TSX Venture Exchange BBB
Share Price $0.16
Shares Outstanding 198M
Market Capitalization $32M
Warrants 24.8M
Options 13M
Cash $4M
3 Year Chart - BBB:TSX-V
Traded 120M+ shares
in YTD 2021
6PROJECT LOCATIONS
WHOLLY OWNED PROJECTS COMBINED ~3,700 KM² OF MINERAL CLAIM HOLDINGS
7THORN PROJECT
The Flagship
554.7m @ 0.57 g/t Au, 0.24% Cu & 43.18 g/t Ag
Located in the prolific-metal rich
Golden Triangle within the Taku River
Tlingit and Tahltan First Nation Territory
Easy access via 45 min plane flight from
Whitehorse, YK.
Wholly-owned 2,600km2 claim block
Potential access to US tide waters and
the Golden Bear mine road
District-scale exploration play with
many large-scale targets
Porphyry Cu-Au-Ag-Mo
Volcanic-sediment hosted Au-Ag
Epithermal Au-Ag
8BCGS Regional Geochemical Survey – Re-Analysis 2018
PORPHYRY Cu-Au
The Thorn Property
encompasses one of the largest Weighted Sums Model
THORN Principal Component Residuals
and highest-ranking Porphyry
Copper-Gold geochemical Dilution Corrected
anomalies within BC
THORN
PROJECT
D. C. Arne, R. Mackie, C. Pennimpede, E. Grunsky, M. Bodnar, 2018, Integrated Assessment of Regional Stream-Sediment
Geochemistry for Metallic Deposits in Northwestern British Columbia (Parts of NTS 093, 094, 103, 104), Geoscience BC
Report 2018-14.
9THORN DEPOSITIONAL SETTING
TALISKER GLENFIDDICH
Setting is ideal for
several types of
precious & base TRAPPER
metal discoveries
OBAN
CAMP CREEK OUTLAW
Sillitoe, R.H., 2010, Porphyry Copper Systems. Economic Geology 2010; 105 (1): 3–41.
10THORN PROPERTY
80km mineralized megatrend
Long-lived mineralizing system with evidence
of events during the Jurassic, Cretaceous
and Eocene
Claim area remains largely underexplored
11TARGETS-COPPER GEOCHEM
Reconnaissance surface
geochemical work continues
to unveil new Cu-Au
anomalies and target areas
Over 250 holes collared
and >52,000m drilled
25,000 Soils
Plum
8,200 Rocks
1,600 Stream Sediments
12CAMP CREEK DRILLING 2021
13
13CAMP CREEK DRILLING 2021
Copper Equivalent (CuEq) is calculated
based on US$ 3.72/lb Cu, US$
1851.52/oz Au, US$ 25.95/oz Ag, $US
14.00/lb Mo. These represent the
approximate 1 year moving averages of
metal prices and calculations do not
consider metals recoveries. The formula
is: CuEq % = Cu % + (0.72584 * Au g/t)
+ (0.01017 * Ag g/t) + (0.00038 * Mo
ppm)
THN21-181A
246.07m of 0.46% CuEq
14CAMP CREEK 2021 RESULTS NQ size core samples were cut in half and sampled at nominal 2.0m intervals. All assay values are uncut weighted averages and intervals reflect drilled intercept lengths. Further drilling is required to determine the true widths of the mineralization. Copper Equivalent (CuEq) is calculated based on US$ 3.72/lb Cu, US$ 1851.52/oz Au, US$ 25.95/oz Ag, $US 14.00/lb Mo. These represent the approximate 1 year moving 15 averages of metal prices and calculations do not consider metals recoveries. The formula is: CuEq % = Cu % + (0.72584 * Au g/t) + (0.01017 * Ag g/t) + (0.00038 * Mo ppm)
THN21-183 & 184
MINERALIZATION
HIGHLIGHTS
16RECENT GLOBAL COPPER INTERCEPTS (
INVESTMENT OPPORTUNITY
The 2021 Cu results are demonstrating better grades at depth and consistency over 100’s of
meters, comparable to sizeable new discoveries with significant resources
1.558 T lbs Cu M+I Onto Major Mining Company >$70B MCAP
3.107 B lbs Cu M+I Filo del Sol $1,206M MCAP
17.6 B lbs Cu M+I Los Helados
15.3 B lbs Cu M+I Warintza $1,443M MCAP
8.2 B lbs Cu M+I Red Chris Major Mining Company >$18B MCAP
1.6 B lbs Cu M+I Cortadera
2.6 B lbs Cu M+I AntaKori
No Resource Estimate. More Drilling Required $33M MCAP
0.057 B lbs Cu M+I Stardust (no resource on Kwanika)
11.362 B lbs Cu M+I Altar
1.81 B lbs Cu M+I Saddle Newmont purchase for C$393M
21.8 B lbs Cu M+I Alpala $1,124M MCAP
388 B lbs Cu Inferred Winu Major Mining Company >$100B MCAP
227 B lbs Cu M+I Proyecto Riotinto $821M MCAP
0.955 B lbs Cu M+I New Ingerbelle $745M MCAP
1.53 B lbs Cu M+I Marimaca $382M MCAP
1.11 B lbs Cu M+I Ootsa
No Resource Estimate. $92M MCAP
342 B lbs Cu M+I Rosemont (no resource on Cu World) Major Mining Company >$2B MCAP
18THN21-183 STRIP LOG Bottom of hole is 286m from
drill hole THN21-184
19THN21-184 STRIP LOG Increasing Cu-Au-Ag-Mo
grades at depth
20TRAPPER LOCATION
21TRAPPER – 2021 MT SURVEY
22TRAPPER GOLD TARGET
VISIBLE GOLD NOTED IN SEVEN
2021 TRAPPER DRILL HOLES
ASSAYS PENDING FOR ALL
2021 TRAPPER DRILL HOLES
23TRAPPER VISIBLE GOLD 2021
THN21-195 at 95.15m VISIBLE GOLD
OBSERVED IN DRILL CORE
Assays Pending
THN21-186 at 50.5m
THN21-186 at 60.83m
24METLA COPPER GEOCHEM
23.33 g/t Au
191.8 g/t Ag 15.7 g/t Au
0.13% Cu
37.9 g/t Au
0.47% Cu
4.30 g/t Au
0.28% Cu
25.1 g/t Au
>1% Cu
5.94 g/t Au
>1% Cu
2020 Metla acquisition 100% further
consolidating the 80km trend.
Metla hosts significant gold-copper
mineralization at surface.
Trenching by Teck-Cominco in 1989
4.7% Cu, 1.8 g/t Au, 31 g/t Ag
returned 4.6 g/t Au over 9 m. 25OUTLAW GOLD TARGET
Sediment-hosted gold mineralization near surface
2 km Strike Length
Multiple horizons of siltstone-greywacke
interbeds, which host Au mineralization
Gold-in-soil anomaly >4km, correlating
with a geological unit that has a 5km known
strike length
Area first targeted in the 1980’s by Chevron
Minerals (soils, trenching & drilling)
26HOG HEAVEN PROJECT
Historic Production of 6.7Moz Ag from 0.23Mt
27HOG HEAVEN - IVANHOE ELECTRIC EARN-IN
Stage 1 Brixton Metals Signs USD$44.5M
Definitive Agreement for an Earn-in
Pay Brixton USD$4.5M over 6 years Agreement with High Power
Exploration (Ivanhoe Electric Inc) to
HPX to fund expenditures up to USD$15M to earn 51% explore and develop the Hog Heaven
Project in Montana, USA
Stage 2
HPX may earn up to 75% in total by funding an additional
USD$25M of expenditures Grades up to 3,000 opt Ag
HPX is the Operator / Plans
Typhoon™ Geophysics summer 2021, followed by drilling Stratiform Copper &
Targeting large-scale copper-gold-silver porphyry mineralization
Porphyry Copper
1913 – 1975 Anaconda Copper Mining and lessees produced
6.7Moz Ag, 3,000 oz Au, 23M lbs Pb, and 0.6M lbs Cu from
0.23Mt of Direct Ship Ore grading 29 opt Ag.
28LANGIS SILVER PROJECT
Two past producing, high-grade silver-cobalt mines in the
Cobalt Camp, located 500km from Toronto, Ontario,
Canada
A brownfields exploration and development opportunity
for high-grade silver-cobalt and +- copper, +-nickel, +-gold
LANGIS MINE past production (1908-1989) of 10.4 Moz
Ag at 25 opt and 358,340 lbs of cobalt.
(Closed in 1990 due to a silver price drop to $5/oz.)
HUDSON BAY MINE past production (1905-1953) of 6.4
Moz Ag at 123 opt and 185,570 lbs cobalt from 52,032
tons
Silver-cobalt recoveries ranged from 88% to 98%. (Assays
up to 18% Ag and 16% cobalt)
Excellent local infrastructure: year-round road access,
power, railway and mills
Brixton signed an Exploration Agreement with the local
First Nations in 2016
29LANGIS DRILLING Cross Section Looking N
Shaft #3 1.2 km Shaft #6
LM-20-131:
Ag
7m of 962 g/t Ag LM-20-133: 2m of 5847 g/t Ag
Incl. 1m of 2,190 g/t Ag Incl. 1.2m of 11,663 g/t Ag, 0.7% Co
Incl. 1m of 3,050 g/t Ag
Grab: 6,160 g/t Ag, 16.95% Co LM18-16: 7.8m of 2,787 g/t Ag, 0.27% Co, incl. 1.00m of 1.98% Co, 15,436 g/t Ag, 0.47% Ni
30ATLIN GOLDFIELDS PROJECT
249 km to Skagway
Port access
175 km to Whitehorse
Orogenic and intrusion-
related hard-rock gold
targets
Majority of drainages have
generated placer gold
200 tpd Mine Permit
SEEKING JV PARTNERS
100% Brixton Owned
935.2 km2 district-scale Low to no NSR’s
mineral tenure
Canada’s largest gold
nugget (85 oz) found at
Spruce Creek 31ATLIN GOLDFIELDS PROJECT *In 2010, Eagle Plains Resources Ltd completed a resource
estimate for the Yellowjacket Mine (Price, B.J. and Dandy, L.,
2010; Technical Report on the Yellowjacket Gold Project; 43-101
Report; prepared for Eagle Plains Resources and Prize Mining
Corp.). The 2010 historic estimate has not been verified by a QP
for Brixton Metals, and is considered historical in nature.
Historic Inferred Resource
24,000 oz Au
133,000 t @ 5.8 g/t Au*
32EXPLORATION PLAN
THORN
Drill high-impact targets; Camp Ck, Trapper, Outlaw, Metla
and expand mineralized zones
Firm up new targets; geochemical surveys, geological
mapping and geophysical surveys
HOG HEAVEN
Advance exploration funded by HPX-Earn-in (HPX may earn
up to 75%/11 years by funding USD$44.5M)
ATLIN GOLDFIELDS
Conduct follow-up soil-rock sampling and structural mapping
Seeking JV partner
LANGIS
Conduct near surface drilling
33SUMMARY
BBBXF. OTCQB
BBB. TSX-V
Diversified precious and base metals portfolio in
low-risk jurisdictions with major discovery 8BX1. GR
potential for Cu-Au-Ag
1-604-630-9707
Strong shareholder base with management Email: info@brixtonmetals.com
invested brixtonmetals.com
Suite 551 – 409 Granville Street
Multiple drill-ready targets with expansion Vancouver, BC, V6C 1T2 Canada
potential
Exposure to ~ 3,700 km2 of combined mineral
claim holdings
Upside through partner-funded exploration at
Hog Heaven
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