aureliusminerals.com corporate presentation june 2018 · 2018. 6. 6. · 2. forward-looking...

TSX-V AUL

aureliusminerals.com

Corporate Presentation June 2018

| 1

2

Forward-Looking Statement and Advisories

This Presentation includes and is based information and statements, other than statements of historical fact, which are “forward-looking information” within themeaning of applicable securities laws that could cause actual results to differ. Aurelius Minerals (the “Company”) provides forward-looking statements for thepurpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not beappropriate 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 tothe possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and thatobjectives, strategic goals and priorities will not be achieved. Factors that might cause or contribute to such differences include, but are not limited to, economicconditions globally, the impact of competition, political and economic developments in the countries in which the Company operates, regulatory developmentsdomestically and internationally and changes in the exploration market and precious metal prices. These expectations, estimates and projections are generallyidentifiable by statements containing words such as "expects", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates",variations of such words, and similar expressions. Important factors that could cause actual results to differ materially from those expectations include, amongothers, economic and market conditions in the geographic areas and industries that are or will be major markets for the Company’s businesses, precious metalprices, the Company’s ability to obtain and maintain necessary licences, permits and authorizations for planned exploration and development of its properties,including necessary authorizations and consents of aboriginal interest holders, proposed work programs on the Company’s properties, changes in governmentalregulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time. The Company has attempted toidentify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, however theremay 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 willprove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Although the Company believes that itsexpectations and the information in this Presentation were based upon reasonable assumptions at the time when they were made, it can give no assurance thatthose expectations will be achieved or that the actual results will be as set out in this Presentation. The Company is not making any representation or warranty,expressed or implied, as to the accuracy, reliability or completeness of the information in the Presentation, and neither the Company nor any of its directors,officers or employees will have any liability to the reader or any other persons resulting from the reader's use of the information in the Presentation. The Companyundertakes no obligation to publicly update or revise any forward-looking information or statements in the Presentation. The reader should consult any furtherdisclosures the Company may make in documents it files with the applicable securities regulators.The Presentation is intended informational purposes only and does not replace independent professional judgment. Statements of fact and opinions expressedare those of the participants individually. The information is not designed to provide financial, tax planning, accounting, investment, business or legal advice, inany way whatsoever. The reader should consult with a lawyer, accountant and other professionals in respect of contents hereof. Furthermore, the information inno way should be construed or interpreted as, or as a part of, an offering or solicitation of securities. Investors are advised to discuss any trading with a registeredsecurities broker or personal finance professional prior to investing.The technical information contained in this presentation has been reviewed and approved by Jeremy Niemi, P.Geo., who is a Qualified Person as defined underNI 43-101. As Senior Technical Advisor to the Company, Mr. Niemi is not considered independent.

| 2

3

Aurelius Minerals Introduction

Aurelius aims to be a premier gold exploration company focused on the Northern Abitibi Gold Belt in Ontario, Canada, where we are surrounded by, or contiguous to, Detour Gold

The Abitibi Gold belt has reportedly produced over 170 Moz Gold and is one of the most prolific ranges in the world

| 3

4

Two Distinct Assets

Mikwam Property – Casa Berardi/Burntbush Belt▲ Inferred Resource – 136,000 oz Au @ 2.34 gpt▲ Successful 2018 spring program▲ Great opportunity to increase resource

Lipton Property – Detour Gold Camp▲ Blue sky exploration▲ 3 km south of Detour Gold 58N discovery▲ Successful 2017 summer program

Aurelius is elephant hunting in elephant territory

| 4

5

Two Programs: Two successes

Mikwam 2018 2,700m Phase 1 program▲ Conducted a successful drill campaign:

• Resource expansion• 3.7gpt over 22m (incl. 30.2gpt/1m)

• Greenfield exploration

Lipton 2017 1,800m Phase 1 program▲ Conducted deep looking IP to see through overburden▲ Identified geological structures & successfully drilled:

• First hole intercepted 9.4gpt/6.58m

| 5

6

The Northern Abitibi

Regional Geology Map (adapted from Percival & Easton, 2007; DGC, 2016; and ERNQ, 2012)| 6

7

Mikwam Property Introduction

▲ Located 105 km north-east of Cochrane

▲ Accessible by timber roads and helicopter

▲ Surrounded by Detour’s Burntbush Project

▲ NI 43-101 Inferred Resource with room to grow

| 7

8

Mikwam Property

▲ Existing 136koz resource

▲ Phase 1 exploration identified:

• 3.7gpt/22m, incl. 30.2gpt/1m• Multiple similarities to Hecla

Mining Company’s Casa Berardi Mine:

• Same structural trend;• Same mineral assemblage

hosting gold; and,• Similar stratigraphy.

Resource CategoryQuantityTonnes1

GradeGold (g/t)

Contained GoldOunces2

Inferred 1,810,000 2.34 136,000

Reported cut-off grade of 1.00 g/t Au. Mineral resources are not mineral reserves and do not have demonstrated economic viability.1) Tonnes have been rounded to the nearest 10,000. Grade has been rounded to two (2) significant digits.2) Rounded to the nearest 1,000.Aurelius engaged Caracle Creek International Consulting Inc. to prepare a National Instrument 43-101 technical report entitled “Independent Technical Report – Mikwam Gold Property – Noseworthy Township, Ontario, Canada”, dated December 8, 2016 (the “Report”). The report is available under Aurelius’ profile at www.sedar.com. | 8

9

Mikwam 2,700 m ProgramPhase I Exploration

| 9

10

Mikwam 2018 Phase1 Significant Results

Hole Depth Length (m) Gold (g/t) Target

From (m) To (m)AUL-18-01/02 No significant values (“NSV”) Mikwam WestAUL-18-03 231.5 252 20.5 0.02 Mikwam West

AUL-18-04 273 343.5 70.5 0.03 Mikwam West

AUL-18-05 68 71 3 0.75 Mikwam

AUL-18-06 73.9 90 16.1 0.69 Mikwam

including 78 87 9 1.06

AUL-18-07 86 108 22 3.72 Mikwam

including 96 106 10 7.16

& including 102 103 1 30.2

AUL-18-08 NSV Mikwam

AUL-18-09 Several anomalous intervals over 0.2 g/t gold Mikwam

AUL-18-10 NSV Mikwam South-West

| 10

11

Mikwam Property: Why?

▲ Important opportunity for organic growth

▲ Favourable geological settings

▲ […] exploration […] has been minimal due to limited access, overburden and lack of outcrop […]

Detour Gold says

http://s1.q4cdn.com/320803946/files/doc_news/2016/September/DGC-PR_16-09-15-Burntbush-Property.pdf| 11

12

Mikwam Recent Success in Region

Long Section Mikwam & Casa Berardi Mine

| 12

13

Lipton Exploration Property

Located 3 km south of Detour’s 58N high grade exploration project

Most recent drill programs in 1996, 2006, 2010 and 2017

| 13

14

Lipton Property Looking North

| 14

15

2017 Drill program: 12 holes, 1800 m

| 15

16

Lipton 2017 Phase 1 Significant Results

DRILLHOLEDEPTH INTERVAL LENGTH

(m)AU GRADE

(g/t)FROM (m) TO (m)

AUL-17-01 22.0 25.0 3.0 0.45

And 86.3 92.88 6.58 9.4

Including 86.3 88.53 2.23 11.5

And 89.96 92.0 2.04 17.7

AUL-17-02 21.0 22.5 1.5 5.32

And 68.0 69.5 1.5 1.82

And 81.42 83.31 1.89 0.5

And 144.5 146.0 1.50 7.44

AUL-17-03 64.5 74.0 9.5 0.83

And 94.15 101.0 6.85 0.69

AUL-17-04 64.0 81.0 17.0 0.54

AUL-17-05 22.0 26.27 4.27 0.13

AUL-17-06 8.74 22.5 13.76 0.23

AUL-17-07 47.88 48.25 0.37 8.25

And 94.0 96.0 2.0 0.82

AUL-17-10 34.0 35.0 1.0 3.04

And 137.0 149.0 12.0 0.2

| 16

17

The Core Comparison: 58N vs Lipton

58-N project* Lipton – Hole 1

* “Recently Discovered High Grade Au Mineralization in the Detour Lake Area: Implications for Exploration and Significant Gold Endowment in the Northern Abitibi Region”. Malcolm et al. 2015

| 17

18

Detour’s 58N vs Lipton

58N Characteristics▲ Located in under-explored

volcanics south of Detour

▲ Hosted by feldspar porphyry

▲ High grade gold

▲ Significant interval lengths

▲ Sulphides and quartz veins proximal

▲ Over 109,000 m drilled and plan to spend >$50 million on next phases

Lipton Characteristics▲ Located in under-explored

volcanics south of Detour

▲ Hosted by feldspar porphyry

▲ High grade gold

▲ Significant interval lengths

▲ Sulphides and quartz veins proximal

▲ We have drilled our first 1,850 m and planning our next campaign now

| 18

19

Lipton PropertyPhase 2 Exploration Targets

3,000 m of drilling planned at Lipton Gold and five distinct locations on Lipton North

Geophysical work on Lipton South

| 19

20

Traditional Land Owners

Duty to Consult is required with each of the indigenous groups with traditional rights to the land – discussions are underway.

Lipton Property

▲ Moose Cree

▲ Wahgoshig

Mikwam Property

▲ Wahgoshig

| 20

21

Management and Directors

Mark NJ Ashcroft P.Eng. President and Chief Executive Officer, Director

Randy Turner P.Geo. Chairman of the Board

Michael Gunning P.Geo., PhD Director

Garett Macdonald P.Eng., MBA Director

Donald McInnes Director

Jeremy Niemi P.Geo. Vice President, Exploration

Germaine Coombs CPA, CMA VP Finance and Chief Financial Officer

| 21

22

Capital Structure

Shares O/S 88,652,562

Warrants

13,000,000 @10₵, July 2020

5,240,000 @15₵, March - May 2019

40,262,916 @16₵, which includes the underlying agent warrants

2,982,438 BWs, December 2022

Options 4,908,800

Fully Diluted Shares O/S 155,046,716

Working Capital at June 1, 2018 ~$2 million

| 22

23

For further information please contact: Mark NJ Ashcroft President and CEO

Telephone +1 (604) 687-3959

Email [email protected]

TSX-V: AUL


Contact

| 23

24

APPENDIX

25

Mikwam Option Agreement Terms

▲ Aurelius Issued two million common shares and paid $25,000 in cash to ALX on closing;

▲ 1st Anniversary: • Pay $50,000 in cash or, at the company's election,

issue 500,000 common shares to ALX;

▲ 2nd Anniversary: • Pay $75,000 in cash or, at the company's election,

issue 750,000 common shares to ALX;

▲ 3rd Anniversary: • Pay $100,000 in cash or, at the company's election,

issue 750,000 common shares to ALX; and

▲ Grant ALX a 0.5-per-cent NSR on closing, of which may be purchased any time for $1 million.

| 25

26

Mikwam 2,700 m ProgramPhase I Exploration

| 26

27

Mikwam Property Under-Explored Trend

| 27

28

Mikwam 3D Image of Drilling

| 28

29

3 Steps to a Significant Position in the Abitibi

Completed deal on Lipton property▲ 1,993 hectares adjacent to Detour

▲ Northern edge of property is 3 km from Detour Gold’s 58N Zone in Lower Detour Belt

Staked 9,600 hectares adjacent to lower boundary of Detour and Lipton ground

1

2 3 Completed deal on Mikwam Property ▲ Detour staked ground

surrounding Mikwam for their Burntbush Property

Aurelius now Second Largest Landholder in Northern Abitibi Belt

after Detour Gold| 29

30

Regional Land Claim Map

▲ Aurelius is second largest holder in the Lower Detour and Burntbush camps

▲ Over 12,500 ha of claims

▲ Includes only gold resource in Burntbush camp

▲ Accessible by road from Cochrane

| 30

31

Lipton Option Agreement Terms

Make the aggregate cash payments of $1,000,000 (the "Total Purchase Price") to the Optionor as follows:

Upfront Payment: $10,000 (paid); then,▲ 1st Anniversary: $20,000; ▲ 2nd Anniversary: $20,000; ▲ 3rd Anniversary: $20,000; ▲ 4th Anniversary: $30,000; ▲ 5th Anniversary: $100,000; ▲ 6th Anniversary: $100,000; ▲ 7th Anniversary: $100,000; ▲ 8th Anniversary: $100,000; ▲ 9th Anniversary: $200,000; ▲ 10th Anniversary: $300,000; and ▲ 2% NSR, half of which may be purchased for $2.5 million

| 31

32

Lipton Property Introduction

▲ 150 km north-east of Cochrane

▲ Accessible by road, trail and helicopter

▲ 11,593 ha in 57 Claim Blocks• 1,993 ha in Original 13 Claim

Blocks under option from former VP-Ex, Westmin

• 9,600 ha in 44 Claim Blocks staked in 2016, 100% Aurelius

| 32

33

Lipton Magnetics

| 33

34

Lipton Exploration Land Position

▲ 11,593 ha in 57 Claim Blocks• 1,993 ha in Original

13 Claim Blocks under option

• 9,600 ha in 44 Claim Blocks staked in 2016, 100% Aurelius

▲ Contiguous to Detour Gold

| 34

35

3D Image of Lipton with Detour 58N

Lipton> 1gpt

58N Zone

| 35

36

▲ 58N is a significant discovery by Detour Gold on the Lower Detour Deformation Zone (“LDDZ”)

▲ Over 70,000 m of drilling has been completed

▲ Recently announced a $30-$50 million underground exploration program

▲ Significant high grade results have been discovered:• 30.79 gpt / 10.0 m• 14.41 gpt / 6.0 m• 14.75 gpt / 22.0 m• 10.22 gpt / 22.0 m

Detour Gold’s 58NA high grade discovery (1)

http://www.detourgold.com/projects/detour-lake-exploration-regional/default.aspx | 36

37



▲ Significant high grade results have been discovered:

• 11.63 gpt / 4.0 m

• 10.54 gpt / 5.0 m

• 10.33 gpt / 4.0 m

• 9.52 gpt / 4.0 m



38



▲ Significant high grade results have been discovered:

• 26.38 gpt / 13.0 m

• 10.76 gpt / 4.1 m

• 7.87 gpt / 4.0 m

• 7.14 gpt / 5.0 m



39

Management

Mark NJ Ashcroft P.Eng.

President and Chief Executive Officer, Director

Mark has been involved in various capacities in the global mining industry and the North American and European debt andequity markets since 1990. Mark served as President and Chief Executive Officer and a Director of Stonegate Agricom Ltd.from August 2008 to September 2014 and, Executive Vice President, Corporate Development of Canada Lithium Corp. fromSeptember 2009 to April 2010. From 2007 to 2008, Mark worked at Versant Partners, where he was responsible forsuccessfully developing a mining finance business for that firm in sales, trading and corporate finance.Prior to joining Versant Partners, Mark had been employed since 2003 with Toll Cross Securities Inc., a boutique institutionalfirm in Toronto where he became Managing Director and Head of Investment Banking. From 2001 to 2003, Mark was amember of the Mining and Metals Team at Standard Bank’s New York office where he was responsible for providing metalstrading and project financing solutions to mid-tier developers and producers in Canada andLatin America.From 1999 to 2000, he was a member of the Mining and Metals Team of Barclays Capital, a leading provider of projectfinance to the mining industry. From 1996 to 1998, he worked in Mines Technical Services at Inco Limited’s Ontario Division,where he qualified as a Professional Engineer in Ontario. From 1990 to 1996, through his undergraduate studies, Markworked in various operating roles in North and South America and Australia. Mark holds his Bachelor of Engineering (Mining)from Laurentian University and a Master’s of Science (Finance, Regulation and Risk Management) from the ISMA Centre ofthe University of Reading.

Jeremy NiemiP.Geo.

Vice President, Exploration

Jeremy is a geologist with 20 years experience in the mining/resource industry, both at corporate and operational levels. Mr.Niemi is currently the Vice President, Exploration for GoldQuest Corporation. Prior to joining GoldQuest which he served asVice President, Geology with Noront Resources and before joining Noront he was Manager, Technical Services, for KinrossGold Corporation. He started his career with Inco Technical Services Ltd. in 1996, working on the Victor Deep project in theSudbury basin. Mr. Niemi is a technical advisor of Gowest Gold (TSX.V GWA). Mr. Niemi is a member of the Association ofProfessional Geoscientists of Ontario and holds a BSc Honours degree in Earth Sciences from Laurentian University.

Germaine Coombs CPA, CMAVP Finance and Chief Financial Officer

Germaine was most recently the Vice President and Chief Financial Officer for Stonegate Agricom Ltd. Prior to this, she wasCorporate Controller for FNX Mining Company Inc. from August 2004 to May 2010. From 1998 to 2004, she heldprogressively senior accounting roles at the Iron Ore Company of Canada, a Rio Tinto company. Ms. Coombs brings over 20years of extensive financial and commercial experience predominantly in the mining and resource industry, successfullyleading finance teams through different stages of project financing, construction and operations.

| 39

40

Directors

Randy Turner P.Geo.

Chairman of the Board

Mr. Turner is a professional geologist with over 40 years of experience in Canadian and International mineral exploration,business and finance. Mr. Turner is currently the President & CEO of Independence Gold. Mr. Turner spent 20 years withEsso Minerals Canada and AGIP Mining Ltd. exploring for uranium, gold and base metals. As President of Trimin ResourcesLtd. he was involved in the development and sale of the McIlvenna Bay copper/zinc deposit in Saskatchewan. Mr. Turner'snotable career achievements include guiding Winspear Diamonds Inc. from the discovery of the Snap Lake diamond depositin northern Canada through to its sale to De Beers Mining for $305 million. In 2011, as President of Silver Quest ResourcesLtd., Mr. Turner was involved in the acquisition by New Gold Inc. of the Capoose and Blackwater Projects for $180 million.

Michael GunningP.Geo., PhD

Director

Dr. Gunning has more than 25 years of diverse and valuable experience in mineral exploration and geological research, andis widely recognized for his expertise in the uranium sector. He is currently the President and CEO of Renntiger ResourcesLimited, a copper and gold explorer active in Nevada. Most recently, Mr. Gunning was Executive Chairman of ALX UraniumCorp., a uranium and mineral exploration company focused on the Athabasca Basin in Saskatchewan, Canada, home tosome of the world’s largest and richest high-grade uranium deposits. Prior to ALX Uranium, he was Executive Chairman atAlpha Minerals, the target of a supported takeover and consolidation of the Patterson Lake discovery in Saskatchewan. Priorto Alpha, he was CEO of Hathor Exploration, a Vancouver-based junior uranium explorer, where he executed successiveresource and PEA milestones for Hathor’s Roughrider uranium deposit discovery, and he guided Hathor through a hostileM&A competition to an eventual $654 million acquisition by Rio Tinto, one of the top ten deals in 2011 in the global miningsector. He has a Ph.D. in mineral deposits and volcanology from the University of Western Ontario, and is a past Presidentof the Saskatchewan Geological Society and the Society of Economic Geologists Student Chapter.

Garett Macdonald P.Eng., MBA

Director

Mr. Macdonald is a mining engineer with 20 years of industry experience including an extensive background in projectdevelopment and mine operations. He has been involved with several public companies as an officer & director and hasmanaged large technical programs through concept, feasibility and into construction. After roles in mine operations andengineering with senior Canadian mining firms Placer Dome and Suncor Energy, Mr. Macdonald served as the VicePresident of Operations for Rainy River Resources prior to the sale of Rainy River to New Gold in 2013. Mr. Macdonald iscurrently the Vice President of Project Development for JDS Energy & Mining and a director of Gungnir Resources.

Donald McInnesDirector

Mr. McInnes has over 20 years experience in the mineral exploration industry. Since 1993, Mr. McInnes has been thefounder, president and a director of a number of publicly traded mineral exploration companies. Mr. McInnes was a formerdirector of Fronteer Gold (2001 to 2011) and is currently chairman of the board, and a director, of Blackstone Ventures Inc.,an exploration and development stage company focused on Scandinavian exploration. He was also the founder of KutchoCopper Corp. (formerly Western Keltic Mines Inc.) and was the founder, Vice Chair and CEO of Plutonic Power Corporation,a renewable power development company with a broad portfolio of clean energy projects. He is currently Executive ViceChairman of Alterra Power Corp. Mr. McInnes is a director of the Independent Power Producers Association of BritishColumbia, a Governor of the Business Council of British Columbia and is a past President and Director of the Association forMineral Exploration British Columbia and a past director of the Prospectors and Developers Association of Canada.

| 40

41

For further information please contact: Mark NJ Ashcroft President and CEO

Telephone +1 (604) 687-3959

Email [email protected]

TSX-V: AUL

Contact


| 41

aureliusminerals.com corporate presentation june 2018 · 2018. 6. 6. · 2. forward-looking...

Documents