Corporate Presentation - January 2020 - GGL Resources Corp.
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Forward Looking Statements Certain information regarding the Company contained herein may constitute forward- looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's Annual Report which is available at www.sedar.com. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. All technical information contained in this corporate presentation has been approved by David Kelsch, P.Geo., President of GGL Resources Corp. and a qualified person for the purposes of National Instrument 43-101. TSX-V:GGL pg. 2
Diamonds - Long Term Value, Limited Supply Closed/Closing Production Forecast - Depletion Unknown Production Forecast - Addition • Annual global diamond production estimated at 142* million carats • Global demand remains consistent • Production forecast decreasing quicker than previously projected *PaulZimnisky.com TSX-V:GGL pg. 3
Why Invest for Discovery ? Historic Chart *: Dia Met Minerals – Ekati Mine Historic Chart *: Aber Resources – Diavik Mine Diavik Discoveries Ekati Discoveries U/G Bulk Sample Kimberlite Discovered Kimberlite Discovered Land Positioning *Historic stock charts shown for illustrative purposes only. Source: Stockwatch.com • Significant price gains through discovery • Robust mine operating margins • Recent Canadian Acquisitions: Mountain Province acquires Kennady Diamonds (Kennady Project) C$176M De Beers acquires Peregrine Diamonds (Chidliak Project) C$107M TSX-V:GGL pg. 4
Capital Structure and Management David Kelsch B.Sc., P.Geo – President, COO, Director Core focus on diamond exploration since 1992. Managed Rio Shares Issued 27,286,722 Tinto's multi-million dollar exploration efforts from initiation through to advanced discovery on the Diavik Diamond Mine. Led Warrants 4,687,500 exploration teams in the discovery of numerous diamondiferous kimberlites for a number of junior diamond explorers Options 1,725,000 Douglas Eaton B.A., B.Sc. – CEO, Director Fully Diluted 33,699,222 46 years in the resource sector. President and CEO of Strategic Metals Ltd. Co-recipient of the Spud Huestis Award (2012) in Cash $200,000* recognition of exploration with ATAC Resources Ltd., a gold explorer he co-founded. President Archer, Cathro & Associates Debt None *December 2019, unaudited • Attractive share structure among peers Stock Chart TSX-V:GGL • No Debt Shareholdings Strategic Public Metals Float Ltd. 28% 42% Insiders & Advisors 30% TSX-V:GGL pg. 5
Stein Project - Poised for Discovery • Stein Option with Arctic Star Exploration Corp. 2018 • 60/40 contributing Joint Venture triggered by discovering kimberlite • 45km from tidewater, 85km from the hamlet of Taloyoak, Nunavut • Tenure 1,056 km² • $1.5M in previous exploration work. From 2004 to 2011 - airborne geophysics, heavy mineral sampling • Situated on a major tectonic structure • Class ‘A’ Land Use Permit - drilling TSX-V:GGL pg. 7
Stein Project Indicator Minerals on Airborne Magnetics • Potential to be a new diamondiferous kimberlite district • Next steps – target evaluation with drilling • Indicator minerals with diamond inclusion chemistry down ice from high priority targets • Nearest known kimberlites 240km SE; perpendicular to regional ice flow • Detailed ground geophysics defined numerous high priority targets Garnets • No previous drilling - Area of geophysical targets. - Proposed source area of indicator minerals TSX-V:GGL pg. 8
Stein Project Stein Ground Magnetic Signatures • Stein ground magnetic targets display characteristics consistent with magnetic signatures over known kimberlites elsewhere at parallel latitudes which have intruded Arctic Platform Cambrian - Devonian carbonate rocks. Similar geology also found on the Stein property • A broad range of comparable intrusive magnetic signatures were defined from isolated magnetic highs to strong dipolar features to elongate dyke-like signatures • Isolated magnetic high 200 meter diameter, dyke-like signature 800 meters long Comparable Magnetic Signatures Over Known Kimberlites Comparable images courtesy Adamera Minerals Corp TSX-V:GGL pg. 9
Royalties • Royalty agreements with Mountain Province Diamonds (MPVD): 49% owners of Gahcho Kué Diamond Mine, DeBeers (51%) • Royalty on mineral leases next to the Gahcho Kué Diamond Mine • Well situated along productive trend • MPVD announced new kimberlite discoveries in mine corridor 2018/19 • Royalty leases contain significantly diamondiferous Doyle kimberlite. 13.5 CPHT • MPVD can purchase back 1/3 of each Royalty for $2M and $1M, respectively TSX-V:GGL pg. 10
Lac de Gras Projects • Lac de Gras is home to Canada’s first two diamond mines, Ekati and Diavik discovered in the 1990’s • All five projects are 100% GGL • Three projects along economic trends and trend frequency include historic kimberlite discoveries (diamondiferous) • Three projects based on previous GGL exploration programs in 2000’s TSX-V:GGL pg. 11
Bishop Project • 40 km SW of Diavik, 55 SSW of Ekati • Contains Bishop Kimberlite, a GGL discovery (2006) based on gravity signature • Bishop Kimberlite returned 11 diamonds in 78.2 kg sample • Contains Courageous Kimberlite discovered by previous explorers in the 2000s • 8 diamonds in 78.4 kg* • Additional high interest targets generated near the Bishop Kimberlite in the Spring 2018 program • Database from previous GGL exploration work contains numerous anomalous geophysical and geochemical results for future follow up *Consolidated Global Diamond Corp. News Release May 19, 2008 www.sedar.com TSX-V:GGL pg. 12
Bishop Project – Bishop Kimberlite Area BP-01 BP-01 • BP-01 - reversely polarized 1,200 nT magnetic low BP-03 Bishop Kimberlite • 1.2km NW of Bishop Kimberlite BP-02 • Bishop Kimberlite complex intersected in 5 drill holes across 250m. Longest angle hole intercept on a -45°= 40.9m Mag • BP-02 - EM conductor 150m across Gravity • BP-03 - EM conductor with associated ‘quiet’ magnetics EM BP-03 Bishop Kimberlite • Indicator grain immediately down- ice of BP-03 displays low transport surface texture • Additional drilling on the Bishop complex and new targets is warranted BP-02 TSX-V:GGL pg. 13
Bishop Project – Courageous Kimberlite • Limited historic drill information in public domain • Drilling based on magnetics and EM* • Previous drill collars island based • Crater sediments encountered, drill holes terminated early due to difficulties* Courageous Kimberlite Gravity Signature • 2018 survey defined 800 meter diameter gravity anomaly adjacent to island • Diatreme potential below crater sediments not tested *Consolidated Global Diamond Corp. News Release May 19, 2008 www.sedar.com TSX-V:GGL pg. 14
Rhombus Project • 26 km NW of Ekati • 100% GGL; 21,000 hectares • Diamondiferous kimberlite cluster discovered in the 1990’s • No work in area in over a decade • No previous gravity surveys known Gravity Survey • Existing kimberlites display gravity signatures • High interest gravity target similar to nearby kimberlites generated in spring 2018 • New target +150 meter diameter. Open to north. Further ground surveys required to close it off TSX-V:GGL pg. 15
ZIP Project • 80 km west of Ekati. 60 km down-ice Indicator Minerals on Airborne Magnetics from nearest known kimberlites • Detailed heli-airborne mag / EM Target Areas • High indicator mineral counts along 4km esker. Up to 250 grains per sample • Indicators in till samples. Up to 100 grains per sample • Some grains have preserved surface textures indicating proximity to source. Kelyphitic coating (yellow stars shown) • Excellent chemistry • Additional ground geophysical surveys and heavy mineral sampling required TSX-V:GGL pg. 16
ZIP Project • All season exploration camp established in area of interest • Class ‘A’ Land Use Permit - drilling • Abundance of indicator minerals along with low abrasion surface features suggest proximity to source • Example of high interest garnet chemistry shown from two samples TSX-V:GGL pg. 17
Starfish Project Airborne mag with ground gravity contours • 55 km WSW of Ekati • Detailed heli-airborne mag / EM. Ground gravity survey • Indicator mineral dispersion train has apparent up-ice cut-off Target Area • Some grains have preserved surface textures indicating proximity to source. Kelyphitic coating (yellow stars shown) • Focused area for targeting source • Additional ground geophysical surveys and heavy mineral sampling required Indicator minerals TSX-V:GGL pg. 18
Directors David Kelsch B.Sc., P.Geo – President, COO Core focus on diamond exploration since 1992. Managed Rio Tinto's multi-million dollar exploration efforts from initiation through to advanced discovery on the Diavik Diamond Mine. Led exploration teams in the discovery of numerous diamondiferous kimberlites for a number of junior diamond explorers Douglas Eaton B.A., B.Sc. – CEO 46 years in the resource sector. President and CEO of Strategic Metals Ltd. Co-recipient of the Spud Huestis Award (2012) in recognition of exploration with ATAC Resources Ltd., a gold explorer he co-founded. President Archer, Cathro & Associates. Matthew Turner B.Sc. President and CEO of Rockhaven Resources Ltd. which has established the 1.36-million-ounce Klaza gold deposit Yukon. Past diamond experience Winspear Diamonds Snap Lake. Elizabeth Flavelle B.Sc., M.B.A. Various geologic and financial positions over the past 11 years. Presently articling with DMCL Chartered Professional Accountants. Nick DeMare C.P.A., C.A. President of Chase Management Ltd., providing management, administrative and accounting services to public companies. Numerous directorships with public companies. William Barclay B.A., C.PA., C.A., T.E.P. Held previous public company Directorships. Tax Partner Pricewaterhouse Coopers (retired). TSX-V:GGL pg. 19
Contact Information GGL Resources Corp. Suite 1016 510 West Hastings Street Vancouver, BC Canada V6B 1L8 Telephone: (604) 688-0546 Fax: (604) 608-9887 Email: info@gglresourcescorp.com
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