Successfully Generating Robust Precious Metals and Zinc ... … · 2016 discover of the year in...
Transcript of Successfully Generating Robust Precious Metals and Zinc ... … · 2016 discover of the year in...
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SphinxResourcesLtd.May2017
SuccessfullyGeneratingRobustPreciousMetalsandZincProjects
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Forward-Looking Statements
This corporate presentation may contain forward-lookingstatements that are subject to known and unknown risks anduncertainties that could cause actual results and activities to varymaterially from targeted results and planning. Such risks anduncertainties include those described in Sphinx’s periodic reportsincluding the annual report or in the filings made by Sphinx fromtime to time with securities regulatory authorities.
The technical information contained in this presentation has beenreviewed and approved by Normand Champigny,(Eng., B.A.Sc., M.A.Sc.), President and CEO of Sphinx, qualifiedperson for the purposes of National Instrument 43-101,Standards of Disclosure for Mineral Projects.
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Summary
TSX-V listed (ticker SFX) corporation focused on,and headquartered in, QuebecProject generator business model key to maximizing long term shareholder valueTeam of proven mine finders in Quebec/Labrador:ü Éléonore and Rainy River (gold)
ü Bracemac-McLeod (zinc-copper)
ü Voisey’s Bay (nickel)
Focus on precious metals & high-grade zinc + precious metalsAll projects within proximity of existing or previous minesActively identifying new projects
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Ownership
Shares outstanding: 84 M
Fully diluted: 129 M
Management, Board & Advisory Committee: 12 %
Quebec institutions: 20 %
Top 100 shareholders: 85 % of shares
Very few shareholders outside Canada
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Successful Project Generator
Socialacceptability
Groundaccess
Precious&basemetalspotential
Highgrademetamorphicterranes
Dealflowwithstrategicpartners
Projectgeneration Long-termshareholdervalue
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Projects
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Value drivers
2017Drilling on 3 projectsü Calumet-Sud (zinc, silver, gold)ü Green Palladium (palladium)ü Chemin Troïlus (gold)
Drill target definitionü Cheechoo-Éléonore Trend (gold)
Partner identification & drillingü Somanike (gold, nickel-copper,
platinum group elements)
Five-year plan
ü Advance projects that are socially acceptable with year-round access
ü Make one or more mine discoveriesü Create significant shareholder value
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AppendixSupplemental information
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DataSources:S&PCapitalIQandYahooFinanceSource:FundamentalResearchCorp.
OutperformedtheTSX-V
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Strategy & Focus
Maximize deal flow with strategic partners
Generate quality projects with:ühigh-grade precious metals and a focus on zincügood social acceptabilityü low cost exploration through a focus on drilling and leveraging
strategic partnerships
Maintain a diverse portfolio with projects:ü in different high grade metamorphic terranes
of different levels of advancement
Concentrate first on Quebec with potential expansion into other Canadian provinces
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Why Quebec?
Quebec:6th rank on worldwide investment attractiveness index
Fraser Institute - Survey of mining companies 2016
Significant tax advantages (tax credit and low after-tax cost for flow-through-share)
Sphinx’s team has considerable experience in Quebec
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2014 to 201611 transactions including:
Sirios Resources (50% joint venture) 2016 discover of the year in QuebecüCheechoo-Éléonore Trend: gold
Soquem (50% option and joint venture)Quebec’s exploration agency, 50 years, 350 projects, 8 minesü Calumet-Sud: zinc-lead-silver-gold, palladium-platinum-copper
Les Ressources Tectonic (100% Sphinx)ü Chemin Troïlus: gold-copper
Gardin - Michel Gauthier (100% Sphinx)üCalumet-Sud: zinc-lead-silver-goldüGreen Palladium: palladium-platinum-copper
Osisko Gold Royalties, RNC Minerals, Globex (100% Sphinx)ü Somanike: nickel-copper and platinum-group elements
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Team
Normand Champigny, M.A.Sc., Eng. - President , Chief Executive Officer & Directorü 36 years of experience in exploration and management in Canada and internationally
John Hick, BA, LL.B. - Chairman of the Boardü More than 30 years of experience in the mining industry in management positions and
as independent director
Kerry Sparkes, M.Sc. - Directorü 25 years of experience in the mining industry, exploration geologist and executiveü Key person involved in the exploration, delineation and development of both the
Voisey’s Bay nickel and the Rainy River gold depositsü Currently V.P. Geology for Franco-Nevada Corporation.
Michel Gauthier, Ph.D. - Directorü 44 years of experienceü Professor of mineral prospecting at l’Université du Québec in Montréalü Co-baptized a gold prospect, named Éléonore, in the James Bay region
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François Biron, Eng. - Directorü More than 40 years of experience in project evaluations and operations
managementü Considerable experience with environmental issues and social acceptability of
mining projects
Ingrid Martin, CPA, CA - Chief Financial Officer & Directorü Over 25 years of experience in accounting and finance of public companies and
since 2004 involved with several mining exploration companies
Robin N. Adair, M.Sc. (géo., P. Geol.) - Advisory Committee ü 32 years of experience including 25 years with Noranda and Falconbridgeü Participated to the discovery of the Bracemac-McLeod zinc-copper mine
Team (continued)
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Projects
Projects
Zinc: Calumet-Sud - 100% under option agreement with SOQUEM
PGE–copper: Green Palladium - 100%
Gold: Cheechoo-Eleonore Trend – 50% with Sirios
Gold: Chemin Troïlus - 100%
Nickel-copper-PGE, gold: Somanike -100%
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Cheechoo-Éléonore Trend Project
50-50% joint venture with Sirios Resources (operator)
Minimum of $ 500,000 by each party over the next 5 years
Combination of deep gold expertise in the Eeyou Istchee James Bay territory
Underexplored gold trend continuing from: ü Sirios’ Cheechoo gold discovery ü Éléonore gold mine (operated by Goldcorp)
Planned program:ü Till sampling survey along trend (completed)ü Identify best gold anomalies and investigate in the field – Q2-Q3 2017
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Calumet-SudGreen Palladium ProjectsCalumet-Sud
Strong 1,800-metre long lead-zinc anomalyNew electromagnetic anomalies, 2 to 3 km from New Calumet MineTrenches include 3% Zn over 10 m6.9% Zn over 1 m100% owned, 50% option to SOQUEM 2% NSR to GardinExtension of SW portion of palladium mineralization of Green PalladiumCompleted 13-hole program: zinc mineralization found,assay results - Q2 2017
Green Palladium3.44g/t PGE discovered by drilling3.3 g/t, 2.3 g/t and 0.6 g/t Pd as well as 3.2%, 3.3% and 0.2% Cu surface sampleObwondiag layered igneous complex discoveredNew and untested PGE reef with a potential extent of 11 km2 or possibly 3 potential horizons of interest for PGE, open in all directions100% owned, 2% NSR to GardinCompleted 10-hole program: 800 m mineralized reef confirmed, assay results - Q3 2017
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Palladium-copper Mineralization
Sample MB250414-013.2 g/t Pd, 3.2% Cu, 0.18% Ni, 84 ppb Pt, 143 ppb Au
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Green Palladium ProjectSurface mineralization
Cloudy &disseminated chalcopyrite
Mingling texturespyroxenite in gabbro
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Green Palladium Surface Geochemistry
Sample MB250414-013.2 g/t Pd, 3.2% Cu, 0.18% Ni, 84 ppb Pt, 143 ppb Au
Soil geochemistry(Niton portable XRF)
Copper = main indicator
Spot cobalt
Palladium-CopperDiscovery
3.45g/tPGE/0.40m1.25g/tPGE/1.50m
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Chemin Troïlus Project
Q3 2016, recovered pristine gold grains in tills suggesting proximal source in bedrock of mineralized boulders
Within corridor containing former gold-copper Troilus mine (produced 2 million ounces of gold and 70,000 tonnes of copper), discovered by boulder tracing and drilling
Located 110 km north-northwest of Chibougamau, Eeyou Istchee James Bay territory, good road access
Acquired from Les Ressources Tectonic, 33 km2 (100% owned)
Planned program: Surface geophysics (completed), define and test drill targets - Q2-Q3 2017
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Gold-bearing boulder, sample 963314 : 1.57 g/t
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Somanike Project
Drilling: 1.41% Ni, 0.05% Cu, 0.30 g/t Pd, 0.04 g/t Pt @ 0.5 m,includes former Marbridge mine: 0.7 Mt @ 2.3% Ni, 0.1% Cu
Unrecognized potential for gold and VMS (zinc-copper-silver-gold)
Drill targets ü Open depth and strike extension of Marbridge’s Mine 2 - 0.15 Mt > 3% Niü Other areas: 8 new targets identified (conductors) over 4 km of cumulative length
Acquisition from Virginia/Royal Nickel/Globex, 47 km2 (100% owned)
Cooperation agreement with Abitibiwinni first nation/Pikogan
Planned program (new targets generated): ü Identify strategic project partner - Q2-Q3 2017ü Drill on selected high-grade nickel-platinum group elements targets and
gold or VMS targets in and around Marbridge mine and elsewhere
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Somanike ProjectFormer Marbridge Mine
No environmental legacyStrong community support and understanding of miningNo agriculture over project area
FirstproductionMarbridgeMine,1962
Past Producer
Marbridge
Mine2
Mine1
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Somanike ProjectMarbridge Mine - 3D
GrademapLookingsoutheast
2- 10%Ni1 - 2%Ni
Mine2 Mine1Mine4Mine3
CompositeGrades
200m
400m Open
OpenUnexplored
High-grade nickel sulphide mineralization with ultramafic rocksExtensive untested ultramafic rocks identifiedLimited lateral drilling
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