FULLY-FUNDED FOR GROWTH - MARCH 2023
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FULLY-FUNDED FOR GROWTH MARCH 2023 AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF INVESTOR PRESENTATION
Forward Looking Statement All statements in this presentation, other than statements of historical fact, are "forward-looking information" with respect to American Pacific Mining Corp (APM) within the meaning of applicable securities laws including, without limitation economic estimates and statements related to estimated development costs. APM provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations in connection with the company’s project portfolio, as well as those risks and uncertainties identified and reported in APM public filings under the SEDAR profile at www.sedar.com. Although APM has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. APM disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. All historic production, drill or sample figures quoted herein are based on prior data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify results. The historical figures should not be relied upon and have not been verified by a Qualified Person. Technical aspects of this presentation have been reviewed and approved by the Qualified Person, Eric Saderholm, P.Geo., hereby designated as a QP under National Instrument 43-101. AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 2
ABOUT AMERICAN PACIFIC MINING
Share Capital
Structure
CSE:USGD
Ticker
OTCQX:USGDF
Institutional Investors 13%
Common Shares 176,773,938 Michael Gentile 7%
Options 9,882,169
About Michael Gentile
Warrants 33,129, 198 Ex professional money
manager at $2B Formula
Growth Fund and now
Fully Diluted 219,785,305 deploys own capital and
active strategic investor in
junior mining sector
~$5.4M
~$1.3M in $0.16 warrants Other 80%
Cash (CAD)
-~$1.7M in $0.32 warrants
~$1.5M in expiring options
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 3
ABOUT AMERICAN PACIFIC MINING
What’s Ahead
$30+ million of partner funded exploration/development in 2023
Commencement of drill program at Gooseberry in Q1
Exploration update on Madison Q1
Palmer recap of 2022 work Q1
Drilling in Q2 at Tuscarora
Further potential M&A
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 4
VMS DISCOVERY IN SOUTHEAST ALASKA, USA
Palmer VMS Project
Advancing a high-grade copper-zinc resource
to feasibility with PEA Completed in June 2019
• 2019 PEA post-tax NPV@7% US$266M
(US$505M) August 2022 spot prices)
A L A S K A
• ~C$30M transaction vs ~C$230M attributable NPV
Defining a multi-deposit district Anchorage
with exceptional exploration upside
Juneau
Total project expenditures of ~US$78 million PALMER
through to middle of 2022 VMS
PROJECT
JV partnership with Dowa Metals & Mining Alaska Ltd.
and a 5 year plan to feasibility
• US$18.8 million 2022 Dowa funded budget
AMERICAN PACIFIC MINING CORP. PAGE 5
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 6
PALMER VMS PROJECT
Two High-Grade Deposits
Copper-Zinc-Silver-Gold and Barite
Tonnes Zn Cu Pb Ag Au Barite ZnEq CuEq
Resource
Deposit Cut-off
Category
(kt) (%) (%) (%) (g/t) (g/t) (BaSO4%) (%) (%)
$75/t NSR Indicated 4,677 5.23 1.49 - 30.8 0.30 23.9 10.21 3.92
Palmer Deposit (South
Wall & RW)
$75/t NSR Inferred 5,338 5.20 0.96 - 29.2 0.28 22.0 8.74 3.35
AG Zone Deposit 5.0% ZnEq Inferred 4,256 4.64 0.12 0.96 119.5 0.53 34.8 9.04 3.46
Indicated 4,677 5.23 1.49 - 30.8 0.30 23.9 10.21 3.92
Total
Inferred 9,594 4.95 0.59 0.43 69.3 0.39 27.7 8.87 3.40
Metal equivalents exclude value of barite
See news release dated December 18, 2018. Net Smelter Return (“NSR”) equals (US$16.01 x Zn% + US$48.67 x Cu% + US$23.45 x Au g/t + US$0.32 x Ag g/t). NSR formula is based on estimated metallurgical recoveries, assumed metal
prices, and assumed offsite costs that include transportation of concentrate, smelter treatment charges, and refining charges. ZnEq equals = ($66 x Cu% + $25.3 x Zn% + $22 x Pb% + $0.51 x Ag g/t + $40.19 x Au g/t) / 25.3. Assumed metal
prices are US$1.15/lb for zinc (Zn), US$3.00/lb for copper (Cu), US$1250/oz for gold (Au), US$16/oz for silver (Ag). Estimated metal recoveries for Palmer Deposit are 93.1% for zinc, 89.6% for copper, 90.9% for silver (70.8% to the Cu
concentrate and 20.1% to the Zn concentrate) and 69.6% for gold (49.5% to the Cu concentrate and 20.1% to the Zn concentrate) as determined by 2018 metallurgical locked cycle flotation tests. No recovery data is available for AG Zone
deposit. Barite (BaSO4) not included in the Cut-off determination or reported ZnEq and CuEq.
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 7
PALMER VMS PROJECT Deposit Comparisons AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 8
PALMER VMS PROJECT
Located Within a
Premier Mineral Belt Highw
ay
Deposits are large and rich
Big Nugget
Tr
ia
ss
ic
VM
S
Be
Rich mining district with 2 active mines
lt
Coeur Mining
GREENS CREEK MINE
Among richest VMS- Top US Silver producer; +24Mt
WINDY CRAGGY AJ Mine
Alexander and
One of the largest VMS in the World; ~300Mt deposit Wrangellia Terranes
ALASKA JUNEAU (AJ) GOLD MINE
Pacific Ocean Hecla Mining
3.5 M oz past production – 3.5 M oz inferred resource
(Echo Bay)
9
AMERICAN PACIFIC MINING CORP. PAGE 9
PALMER VMS PROJECT
2019 Preliminary Total Cash Flow pre-tax $738M undiscounted
Economic Assessment NPV pre-tax
NPV post-tax
$354M at 7% discount rate
$266M at 7% discount rate
(PEA) IRR 24% pre-tax & 21% post-tax
Life of Mine 11 years after 24-months of pre-production
Major Milestone Achieved June 2019
Mining & Processing 3,500 tonnes-per-day (steady state)
Operating Cost $54.2/tonne (mining, processing, G&A)
Ops Cost + Sustaining
$65.4/tonne
Capital
Net Ops Income $92.6/tonne ($81.4/tonne including sustaining capital costs)
Zinc AISC Cash Cost $0.11 per pound net of by-product credits
Capital Cost $278 million (pre-production)
Sustaining Cap & Closure
$140 million; total LOM capital cost of $418 million
Costs
Post-tax Payback 3.3 years
12.48 million tonnes mined at a diluted head grade of
Grade & Tonnage 4.24% zinc, 0.81% copper, 49.6 g/t silver, 0.33 g/t gold and 22.6%
barite
* Assumptions: $1.22 per pound zinc, $2.82 per pound copper, $16.26 per ounce
silver, $1296 per ounce gold are the average of three years past and projected two
years forward based on London Metal Exchange futures as of April 16th, 2019. 1,068 M lbs of zinc, 196 M lbs of copper, 18 M oz of silver, 91 K
Barite price of $220 per metric tonne provided by third party barite industry
LOM Recovered Metal
oz of gold and 2.89 M tonnes of BaSO4
experts.
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 10AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 11
COPPER-GOLD IN MONTANA, USA
Madison Mine
USGD acquired the permitted Madison Copper
Gold Mine from Madison Metals June 2020
Rio Tinto earning 70% interest with US$30M spend
with USGD free carried
Past production 2008 - 2012 of 2.7M lbs of copper
with grades ranging from ~20% to over 35% copper
and 7,570 ounces of gold at 16.1 g/t
Analogous to and just 48 km from the Butte mine,
which churned out 21 billion lb. copper, 715 million
oz. silver, 2.9 million oz. gold
AMERICAN PACIFIC MINING CORP. PAGE 12MADISON MINE
HOLE ID Thickness (m) Au_g/t Cu%
Historical Drill UG17-05 30.18 24.497 0.39
Highlights UG17-06 10.97 41.65 0.38
Exceptional grades allowed for mining UG17-06 including 4.60 82.87 Not significant
with very basic methods & infrastructure
86-6 7.31 25.75 Not significant
C05-06 14.69 12.10 Not significant
C05-06 61.63 Not significant 6.97
C05-06 including 8.47 Not significant 40.03
C06-08 84.70 Not significant 1.89
C06-08 2.70 41.73 19.58
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 13MADISON MINE Madison Core 2017 Drilling Hole C17-24 – latite porphyry Left: Carbonate-latite porphyry contact; note the chaotic folding and brecciation Right: Latite porphyry showing the phyllic alteration AMERICAN PACIFIC MINING CORP. PAGE 14
JASERPOID | NATIVE COPPER/CHALCOCITE | MASSIVE SULFIDE/SKARN
Madison Ore
JASPEROID/JASPER ORE NATIVE COPPER\CHALCOCITE ORE MASSIVE SULFIDE/SKARN ORE
Grades: Grades: Grades:
Hole 88-C9 (199'-213', 14 ft) Hole 94-5R (475'-485', 10 ft) Hole CO6-8 (401'-418.7',17.7 ft)
Au= 0.53 opt Au= 0.020 opt Au= 0.67 opt
Ag= 0.16 opt Ag= 0.20opt Ag= 4.20 opt
Cu= 0.23% Cu= 10.58% Cu= 11.2%
Process/Milling: Process/Milling: Process/Milling:
Golden Sunlight Mine/Mill Smelter Phillipsburg Mill, Montana
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 15AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 16
HIGH GRADE GOLD—NEVADA, USA
Tuscarora Project
Historical District Production
The Tuscarora volcanic field is the largest
example of Eocene age magmatism in Nevada
The field formed between 39.9 and 39.3 Ma,
which corresponds to the 40-37 Ma age of gold
mineralization in the Carlin Trend
This represents the strongest period of gold
mineralization known in the Basin and Range
Province
Production from quartz veins and stockwork
• >500,000 oz Gold (Au)
• 7.5 million oz Silver (Ag)
AMERICAN PACIFIC MINING CORP. PAGE 17TUSCARORA PROJECT Drill Highlights Intercepts as high as 368.31 g/t Au SOUTH NAVAJO ZONE EAST PEDIMENT ZONE 4.57m of 127.08 g/t Au, 1.52m of 52.37 g/t Au including: 1.52m of 4.14 g/t Au 1.52m of 368.31 g/t Au 1.53m of 51.06 g/t Au 1.53m of 27.61 g/t Au 1.52m of 18.40 g/t Au 3.05m of 16.06 g/t Au, including: 1.52m of 27.20 1.52m of 13.55 g/t Au 3.05m of 13.42 g/t Au 1.52m of 13.00 g/t Au 1.53m of 11.48 g/t Au 1.52m of 10.30 g/t Au 1.53m of 9.33 g/t Au 3.04m of 9.13 g/t Au, including: 1.52m of 13.86 g/t Au 1.52m of 8.75 g/t Au AMERICAN PACIFIC MINING CORP. PAGE 18
TUSCARORA PROJECT
Sample Highlights
Samples as high as 21,032 g/t Gold 38,820 g/t Silver
GRAND PRIZE TARGET MODOC TARGET
21,032 g/t Au & 38,820 g/t Ag 2,850 g/t Au & 1,460 g/t Ag
391 g/t Au & >10,000 g/t Ag 150.50 g/t Au & 2,380 g/t Ag
19.45 g/t Au & >10,000 g/t Ag 121 g/t Au & 118 g/t Ag
3.32 g/t Au & 432 g/t Ag 98.50 g/t Au & 54 g/t Ag
85.90 g/t Au & 78 g/t Ag
ARGENTA TARGET 51.70 g/t Au & 139 g/t Ag
44.10 g/t Au & 88 g/t Ag
882 g/t Au & >10,000 g/t Ag
30.30 g/t Au & 412 g/t Ag
24.60 g/t Au & 3,610 g/t Ag
18.70 g/t Au & 4,010 g/t Ag
7.36 g/t Au & 1,609 g/t Ag YOUNG AMERICAN TARGET
6.60 g/t Au & 4,680 g/t Ag 116.50 g/t Au & 743 g/t Ag
10.20 g/t Au & 473 g/t Ag
UNNAMED 1 TARGET 9.38 g/t Au 1,850 g/t Ag
1.87 g/t Au & 945 g/t Ag
32.70 g/t Au & 29 g/t Ag
2.27 g/t Au & 8 g/t Ag
UNNAMED 2 TARGET
11.50 g/t Au & 14 g/t Ag
2.98 g/t Ag & 20 g/t Ag
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 19AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 20
SILVER-GOLD IN NEVADA
Gooseberry Mine
High-grade, low sulphidation, epithermal vein system
encompassing the historical Gooseberry silver-gold mine
which operated between 1900 and 1990
Assay results pending from ongoing
up to 17,000 metre drill program
2021 drilling identified multiple additional veins
where only one was previously known to exist
Similar geology and just 15 miles from
8.6M oz gold and 270M oz silver Comstock Lode
AMERICAN PACIFIC MINING CORP. PAGE 21MANAGEMENT & DIRECTORS:
Well-rounded team with big company
exploration and capital markets experience
Warwick Smith Eric Saderholm Alnesh Mohan Ken Cunningham Joness Lang
CEO & DIRECTOR PRESIDENT & DIRECTOR CFO & DIRECTOR DIRECTOR DIRECTOR
Mr. Smith is a venture capitalist Mr. Saderholm is a professional Alnesh Mohan is a finance Mr. Cunningham brings 44+ years Mr. Lang is an executive leader with
specializing in corporate finance Senior Geologist and former executive with 20+ years experience in worldwide diversified 12+ years capital markets &
and development for publicly Newmont Exploration Manager for experience providing advisory mineral exploration and mining corporate development experience in
traded companies. He has a the Western US. He has work on services. He’s been a partner at geology, from geologist to the resource sector, including
background in marketing and numerous large mines and projects, Quantum Advisory Partners, a executive management. He has negotiating project acquisitions and
finance, and formerly served as co- including Bingham Canyon, Carlin, professional services firm focused proven skills in building successful JV partnerships. He is currently an
founder and Chief Executive Officer Midas, Gold Quarry, Twin Creeks, on providing CFO & accounting exploration teams, acquiring key Executive VP at Maple Gold Mines
of Western Pacific Resources Corp. Lonetree, Mule Canyon, Black Pine, services to companies, since 2005. projects, negotiating JVs and Ltd. and holds a Bcom degree
(TSXV: WRP) where he negotiated Genesis and Yanacocha. He has He has experience in financial strategi alliances and building (honours) from Royal Roads
the acquisition of the Deer Trail nearly 3 decades of experience in reporting, corporate governance awareness within the investment University and Marketing
Mine now operated by MAG Silver. the minerals industry. and regulatory compliance. and financial industry. Management Entrepreneurship
diploma (honours) from BCIT.
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 22ABOUT AMERICAN PACIFIC MINING
What’s Ahead
$30+ million of partner funded exploration/development in 2023
Commencement of drill program at Gooseberry in Q1
Exploration update on Madison Q1
Palmer recap of 2022 work Q1
Drilling in Q2 at Tuscarora
Further potential M&A
AMERICAN PACIFIC MINING CORP. CSE:USGD | OTCQX:USGDF PAGE 23CONTACT US
Kristina Pillon
INVESTOR RELATIONS
604-908-1695
kristina@americanpacific.com
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