Corporate Presentation March 2021 - CSE:SIZE www.majorprecious.com - Major Precious Metals
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Corporate Presentation
March 2021
www.majorprecious.com
CSE:SIZE
OTC:SIZYF
FRANKFURT:3EZ
1
Forward-Looking Information
This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the future
financial or operating performance of Major Precious Metals Corp (“MPM”), its subsidiaries and its projects, the future price of platinum
group metals (“PGM’s”), the estimation of Mineral Resources, operating and exploration expenditures, costs and timing of development of
new deposits, costs and timing of future exploration, requirements for additional capital, government regulation, environmental risks,
reclamation expenses, title disputes or claims and limitations of insurance coverage. Often, but not always, forward-looking statements can
be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or
results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements of MPM and/or its subsidiaries to be
materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such
factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current
exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of
PGM’s; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident,
labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of
development or construction activities. Although MPM has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions,
events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the
date of this presentation and MPM disclaims any obligation to update any forward-looking statements, whether as a result of new
information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements.
MPM undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should
change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
2
Cautionary Statements
Cautionary Statement on Historical Estimate Disclosure
Several parts of this corporate presentation disclose details on a historical resource estimate (“historical estimate”) completed by Platina
Resources Ltd. (“Platina”) for the Skaergaard Project in July 2013 using metal price assumptions of US$1,400/oz for gold and platinum, and
US$560/oz for palladium. This historical estimate was completed and reported under JORC Code (2012) standards and disclosed by Platina
in a July 23, 2013 ASX news release titled “New Resource Estimate for Skaergaard Gold and PGM Project, East Greenland”. This historical
estimate is considered relevant as it demonstrates the three-dimensional continuity of the three main reef complexes within the Skaergaard
Project that host PGM (palladium and platinum) and gold mineralization. However, the Company cautions readers that this historical
estimate was not completed using 2014 CIM Definition Standards on Mineral Resources and Reserves and is not supported by a technical
report completed in accordance with National Instrument 43-101 (“NI 43-101”). In addition, under the JORC (2012) Code standards,
Measured, Indicated, and Inferred mineral resource tonnages can be aggregated, which is not permitted under CIM.
A Qualified Person has not done sufficient work to classify this historical estimate as current mineral resources and Major Precious Metals is
not treating this historical estimate as current mineral resources. A significant amount of work is required to verify the historical estimate as
current resources including: (1) upgrading the geological model with any additional drilling data acquired since the historical estimate was
completed, (2) completing a full data verification of historical drill hole sampling procedures, analytical results, and metallurgical test results,
and (3) potentially additional metallurgical test work to determine processing and recovery characteristics including the recovery of
titanium, ilmenite, vanadium, copper and gallium. The above work is occurring at this time using independent geological consultants.
Qualified Person Statement
All scientific and technical information contained in this corporate presentation was prepared and approved by Paul Ténière, M.Sc., P.Geo.,
President & CEO of Major Precious Metals Corp, who is a Qualified Person as defined by NI 43-101. Mr. Ténière has verified the scientific
and technical information disclosed in this presentation by reviewing and referencing published scientific papers, historical NI 43-101 and
JORC reports, news releases, and government reports related to the Company’s properties that outline their geology and structure,
mineralization potential, and deposit style.
3
Greenland is a land of opportunity
Greenland has had a number of
SKAERGAARD PROJECT
historical operations including
lead, zinc, gold, and various
industrial minerals
An underexplored and mineral rich
country benefiting from:
MAP
- A fair and modern mining code and mineral
exploration licencing framework
- Stable political environment
- Low-investment risk
- Pro-mining population and government
4
Skaergaard Unique Opportunity
“ ”
Skaergaard Project one of the world’s largest
SKAERGAARD PROJECT
undeveloped palladium and gold deposits1
Historical 2013 JORC Inferred A previously overlooked asset
1 and Indicated Resource of 202
Mt including 5.7 million ounces
3 brought into the spotlight under
a focused and experienced
of gold and 8.7 million ounces of management team
palladium2 (used 1 g/t AuEq cut-off with
US$1,400/oz Au and US$560/oz Pd)
Undervalued relative to Growth focused strategy in
2 precious metals peer group 4 Greenland, a safe and pro-
mining jurisdiction
1Skaergaard contains a significant historical resource estimate of gold and platinum group metals (PGMs) dominated by palladium,
importantly, one of the largest palladium and gold deposits outside of the major PGM producing areas of South Africa and Russia
2Refer to “Cautionary Statement on Historical Estimate Disclosure” on Page 3 of this presentation (Platina 2013 JORC historical estimate)
5
Skaergaard Exploration Licences
• The project consists of three
SKAERGAARD PROJECT
Mineral Exploration Licences (MEL)
in eastern Greenland and located
450 km west of Iceland:
o MEL 2007-01: 107 km2, hosts
the Skaergaard Intrusion
o MEL 2012-25: 16 km2, located
10 km east of EL2007-01
hosts historical camp
o MEL 2021-10: 754 km2, “new
area” located north and west
of Skaergaard deposit
• 100% owned - has no royalties or
encumbrances except to Greenland
government from future
production revenues
6
Skaergaard Exploration Licences
SKAERGAARD PROJECT
• MEL 2007-01 contains
Skaergaard Intrusion and the
main focus of 2021 summer
drilling program
• MEL 2012-25 contains Sødalen
airstrip (600m long) able to
handle Twin Otter, and historical
camp area (project staging area)
• Access to Skaergaard Intrusion
via helicopter transport from
Sødalen or through Miki and
Watkins Fjords via supply ship
(ice-free summer)
7
Skaergaard Intrusion
• Unique layered mafic igneous complex (“reef
SKAERGAARD PROJECT
structures”) with stratiform platinum group metals
(PGM) Pd and Pt, and gold, and Fe-Ti-V oxides
• Platinova Reef, hosted by the 55 Ma
Skaergaard intrusion, example of a rarer type
of PGM deposit, typified by a Pd-Au-Cu-
dominant, Ni-Pt-poor, sulfide assemblage
• Extremely young compared to South African
PGM reefs (Precambrian – 2.1 Ga)
• Triple Group (Upper-Middle-Lower) contains
PGM and narrow zone contains gold
• Thickness of the entire Triple Group
Classic igneous layering of Skaergaard Intrusion mineralized package is approx. 45 metres
Near 100% surface exposure (melting ice has recently • Several drilling campaigns and extensive
exposed new areas for mapping)
scientific research over many decades –
Diamond Drilling and Channel Sampling Key discovered in 1930
8
Geology & Mineralization
• Skaergaard Intrusion exposed over an area of 70km2 with • Estimated depth extent is 4km and
SKAERGAARD PROJECT
dimensions of 7.5km east-west and 11km north-south and has Platina has drilled the structure at
a tabular, sill like, box shaped geometry 1.2km
9
Geology & Mineralization
• The Skaergaard Intrusion formed, the magma • In between the three reef structures, there are
SKAERGAARD PROJECT
cooled, crystallized and fractionated to form a two middling zones, which are thick but low
layered, southward dipping intrusion, which is grade in gold and palladium but contain
subdivided into a number of different layers copper, iron, titanium, and vanadium
including the Triple Group horizon where the main
deposit is located
10Historical Estimate
• Platina 2013 Historical Resource Estimate1 limited to
SKAERGAARD PROJECT
three reefs of the Triple Group horizon:
• palladium rich mineralization
• gold and palladium mineralization
• gold rich mineralization
• Mineralization outcrops at surface and extends to at
least 1.2km vertical depth, 7km in strike and 3km in
width
• Mineralization typically dips at 20 to the south
• Deposit also contains by-products of titanium,
gallium, ilmenite, vanadium, and copper – no
resource is defined for these elements, but limited
metallurgy demonstrates potential to recover some
1Referto “Cautionary Statement on Historical Estimate Disclosure” on Page 3 of this
presentation (Platina 2013 JORC historical estimate)
11Deposit Upside
• Mineralization remains open in almost all directions
SKAERGAARD PROJECT
along strike and at depth:
• Northern extension has seen less development
but is primed as a priority target
• Channel sampling and diamond drilling is
planned for the northern extension in 2021
Open mineralisation. Potential lateral – strike extension
Open mineralisation. Potential down-dip extension
12September 2020 Site Visit
SKAERGAARD PROJECT
• XXXX – MEL 2021/10 description
Skaergaard
Project”
13September 2020 Site Visit
SKAERGAARD PROJECT
Skaergaard
Project”
14Bringing Skaergaard into the Spotlight
2008
SKAERGAARD PROJECT
Scoping Study prepared 2011
by SRK 11 diamond drill 2019
Consulting (UK) holes completed Updated Scoping
Five diamond drill holes 2010 Study by SRK
completed 10 diamond drill Consulting
Exploration camp holes completed
established
2013
1980 – 2006 Wardell Armstrong 2020
Previous exploration by (UK) JORC Acquired by Major Precious from
various companies. Project Compliant Mineral Platina Resources and brought into
acquired by Platina Resource estimate focus as a flagship project
Resources in 2006
15Strong development potential
A$16 million invested in
SKAERGAARD PROJECT
drilling, metallurgy, and studies
• Significant historical exploration with 68 drill holes and 35,000m
of diamond drilling completed on project
• Deposit remains open in all directions with increased land
package in January 2021 with new Mineral Exploration Licence
• New Mineral Resource Estimate (MRE) and PEA to examine
resource size and economics at current metal prices and
updated cut-off grades – RPA Inc. commissioned for this work
• Potential to significantly improve on past scoping study results
and explore economics of recovering copper, titanium,
vanadium, gallium and other by-products
Major Precious Metals 2021 Goals at Skaergaard Include:
• Completing MRE in April 2021 and PEA in Q3 - 2021
• Confirming potential for vanadium, titanium, and gallium
recovery and metallurgical testing
• 10,000 – 15,000 m drilling program to demonstrate
potential along strike and at depth and expand resource 16A precious combination of palladium and gold
Source: S&P Global Market Intelligence
Gold 3,000
SKAERGAARD PROJECT
• Robust market fundamentals
throughout 2020 and into 2021 2,500
• Price peaked at ~US$2,060/oz in Aug
2,000
2020 – now steady ~US$1,800/oz
•
Price (US$/oz)
General investor interest gaining 1,500
traction in the gold mining industry
Palladium 1,000
• One of the best performing metals in
2019 and 2020 500
• Price peaked at ~US$2,800/oz in
February 2020 – currently ~US$2,300/oz 0
2016 2017 2018 2019 2020 2021
• Supply traditionally dominated by South
Palladium Gold Platinum
Africa and Russia
17Palladium demand driven by
environmental benefits
SKAERGAARD PROJECT
Rare precious / industrial metal with unique
catalytic and physical properties
Dominant material for gasoline (petrol)
engine auto-catalyst emission controls
including hybrids
Stricter global emission standards
driving strong demand and growth
Limited substitution options
and low global inventories
18Next Steps
Short Term PEA Stage
SKAERGAARD PROJECT
Short term strategy focused on resource growth Further strategy focused on preparing a
and improved understanding of geology: Preliminary Economic Assessment through:
1. Infill drilling to convert additional Inferred Resources 1. Further assessment of engineering, design and
to Indicated Mineral Resources –10,000 to 15,000 m technology factors including:
• Starting H2-2021 with planning already • Design and location of the process plant
underway for June mobilization to site • Tailings disposal system
• Optimal mining methods
2. Detailed metallurgical test work to determine: • Refining expected capital and operating
• Processing characteristics costs
• Optimal process route, • Review of Greenland’s environmental
• Quality and pricing of saleable products permitting process
2. Fast tracking to Pre-Feasibility Study Stage
19Management and Directors
Paul Ténière Joel Dumaresq Fred Tejada
SKAERGAARD PROJECT
President and CEO Board Chair and CFO Independent Director
M.Sc., P.Geo. P.Geo.
Mr. Ténière has over 20 years of diverse Mr. Dumaresq brings 30 years experience Mr. Tejada is a professional geologist,
experience in the mining and oil & gas in the financial sector holding financial and registered in British Columbia. He has over
sectors in Canada, United States, and investment banking roles with RBC 35 years of international mineral industry
internationally taking projects from Dominion Securities and was a managing experience and has a proven track record,
exploration stage to mine development. director of Vancouver based private equity working with both major and junior mining
Paul has held senior to executive roles with and merchant banking firm Matric Partners and exploration focused organizations. He
junior to major mining companies Inc. for 12 years. Joel brings significant is currently CEO and a director of Kalo Gold
developing precious metal, base metal, and M&A experience and has managed a range Holdings Corp. Mr. Tejada was Country
metallurgical coal deposits, and has of private & public enterprises worldwide Manager for Phelps Dodge Exploration
significant capital markets and corporate including the resource sector. Corporation in the Philippines and
finance experience through his past senior previously Vice President for Exploration of
roles with the TSX and TSX Venture Panoro Minerals Ltd. and Tirex Resources
Exchange. He was Chief Geologist for Ltd. He had also been previously involved in
Sherritt International Corp. and an the exploration of the Trend and the
Exploration Manager for Vale S.A. and Solid Belcourt Saxon coal projects in Northeast
Energy New Zealand developing large-scale British Columbia. Mr. Tejada is also a
coal mining projects in Australia and New director of several junior mining companies
Zealand. He has also worked on lead-zinc based in Vancouver, BC.
deposits, porphyry-style copper-lead-zinc
deposits, and gold-PGM deposits in Canada,
United States, and Europe. 20Management and Directors
Stephen Stine Jim Sparling Gustavo Delendatti
SKAERGAARD PROJECT
Independent Director Project Manager – Skaergaard Project Chief Geologist
MBA, P.Geo. PhD, MAIG (CP)
Mr. Stine holds a B.S. in Metallurgical Mr. Sparling is a professional geologist Dr. Delendatti is a senior geologist with
Engineering from the Colorado School of (P.Geo.) with a B.Sc. Advanced Geology over 24 years of experience in the
Mines and is a veteran of seven mine degree (1984) from the University of evaluation, exploration and development of
permittings, two public consultations, six Saskatchewan and an MBA (2003) from the mineral deposits in a range of
bankable feasibility studies, six mine Royal Roads University School of Business. mineralisation styles including epithermal,
constructions and startups and numerous He has over 30 years of experience in porphyry, volcanogenic massive sulphide,
project financings. He was involved with the exploration management and surface and lithium pegmatite deposits in South
development of the following mines: underground mining operations, including America, North America and Australia.
Bismark (Mexico), Cuajone (Peru), Rio broad-based experience in base metals, Most recently, he was Exploration Manager
Chiquito (Costa Rica), Twin Buttes (Arizona), gold and nickel exploration. Mr. Sparling at the Authier Lithium Project in Quebec for
Burma (Myanmar), Slovakia, Canada and worked as a Geophysical Crew Chief, ASX-listed Sayona Mining Limited. He
United States. Project Geologist, and Senior Exploration played a key role in the completion of the
Geologist with HudBay Minerals Inc. Authier project's Pre- and Definitive
(“Hudbay”) from 1994 to 2003 and from Feasibility Studies and led more than
2009 to 2011. More recently, Mr. Sparling 15,000 metres of drilling that more than
was the Project Manager for North tripled the size of the lithium resource since
American Nickel’s Maniitsoq Project in acquisition.
western Greenland.
21Highlights
Undervalued Major Precious Metals Corp. trades at a fraction of its peers
Mining-Friendly
Jurisdiction Located in Greenland, a safe and mining-friendly jurisdiction
Large Resource
Potential Deposit remains open in all directions - drill planning underway
Strategic
Palladium Deposit One of the largest palladium (PGM) deposits outside of South Africa and Russia
Mining Studies Upcoming mining studies could justify re-rating
22CONTACT
Paul Ténière
President and CEO
(604) 687-2038
info@majorprecious.com
789 West Pender St., Suite 810
Vancouver, BC V6C 1H2
majorprecious.com Canada
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