well-funded canadian gold explorer unlocking value … · 2018-05-28 · this presentation may...

WELL-FUNDED CANADIAN GOLD EXPLORER UNLOCKING VALUE IN VAL-D’OR

April 2018

2

Forward Looking Statement

Forward Looking InformationThis presentation may include certain “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future plans and objectives of Probe Metals Inc. (“the Company”), future opportunities and anticipated goals, the company’s portfolio, treasury, management team, timetable to permitting and production and the prospective mineralization of the properties, are forward-looking statements that involve various risks, assumptions, estimates and uncertainties. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved”. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking information is subject to known and unknown risks, including but not limited to: an inability to complete the business combination; general business, economic, competitive, geopolitical and social uncertainties; delays in obtaining or failures to obtain required governmental, regulatory, environmental or other required approval; the actual results of current exploration activities; acquisition risks; and other risks of the mining and resource industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These statements reflect the current internal projections, expectations or beliefs of the Company are based on information currently available to the Company. The Company do not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company believe that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this presentation should not be unduly relied upon by investors as actual results may vary. Unless required to be updated pursuant to securities laws, these statements speak only as of the date of this presentation and are expressly qualified, in their entirety, by this cautionary statement.

National Instrument 43-101Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports (“Reports”) Mineral Resources Val d’Or East Property dated February 20, 2018. Technical and scientific information not contained within the Report and contained in this Presentation has been reviewed and approved by Independent Qualified Person Mr. Christian D’ Amour, P. Geo., from GeoPointCom, who is the independent “qualified person” under NI 43-101. The Technical Report is available for revision on SEDAR at www.SEDAR.com under the Company’s profile. This Presentation uses the terms “indicated resources” and “inferred resources”. Although these terms are recognized and required by Canadian regulations (under NI 43-101), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no guarantee that all or any part of the mineral resource will be converted into mineral reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility studies, or economic studies, except for a Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

CurrencyUnless otherwise indicated, all dollar values herein are in Canadian $.

TSX-V: PRB | OTCQB: PROBF | FRANKFURT: 3PB

FOCUSED ON THE UNDER-EXPLORED VAL-D’OR EAST DISTRICT IN QUEBEC 327 km2 district-scale land consolidation within one of Canada's leading gold mining camps

1.4MOZ OF GOLD RESOURCE WITH SIGNIFICANT EXPLORATION UPSIDE Open pit-constrained resource1

• 535,900 oz. of gold at 2.16 g/t Au Indicated• 247,400 oz. of gold at 1.46 g/t Au Inferred

Underground resource1

• 146,500 oz. of gold at 3.44 g/t Au Indicated• 474,700 oz. of gold at 3.65 g/t Au Inferred

Aggressive ongoing exploration program• 85,000 metres of drilling planned in 2018 focus on resource expansion and the discovery of gold

deposits

STRONG FUNDAMENTALS Well-funded, cash position ~$25mm Goldcorp is a strategic investor Management with proven track record of delivering shareholder value

Gold Explorer Unlocking Value in Canada

(1) Source: NI 43-101 technical report Mineral Resources Val-d’Or East Gold Project, February 20, 2018

3TSX-V: PRB | OTCQB: PROBF | FRANKFURT: 3PB

Jamie SokalskyChairman Currently, Director of Agnico Eagle Mines, Royal Gold and

Pengrowth Energy Former President & CEO of Barrick Gold Corporation (2012-2014) Former CFO of Barrick Gold Corporation (1999 to 2012)

Yves DessureaultChief Operating Officer Former COO of Probe Mines (2014-2015) Has over 25 years of experience in Operations, Project Evaluation

& Mine Development Former mining executive at BBA, Rio Tinto and Hatch

Management

Patrick LangloisVice President, Corporate Development Former Vice President of Probe Mines (2012 to 2015) Has over 15 years of experience in Corporate Development,

Venture Capital & Investment Banking

Gord McCrearyDirector Former Director of Probe Mines (2012 to 2015) Former CEO of Newcastle Gold Former CEO of Baffinland Iron Mines Founding officer of Kinross Gold

Basil HaymannDirector Former Director of Probe Mines (2013 to 2015) Entrepreneur, currently Chairman of FabriTec Structures LLC Has 50 plus years of experience founding and taking companies

to top levels of success in their industries

Dennis PetersonDirector Former Director of Probe Mines (2001 to 2015) Founder of Peterson, and Company LLP Has 20 years of experience as a corporate securities lawyer

specializing in corporate finance matters for small cap companies

DirectorsDavid PalmerPresident, Chief Executive Officer & Director Former President & CEO of Probe Mines (2003 to 2015) 2015 – PDAC Bill Dennis Award for a Canadian Mineral Discovery 2015 – Northern Miner Mining Person of the Year 2014 – Prospector of the Year – Ontario 2014 – CIM A.O. Dufresne Exploration Achievement Award

Marco GagnonExecutive Vice President & Director Former President & CEO of Adventure Gold (2007 to 2016) Has over 25 years of experience in Project Acquisition, Exploration

and Mine Development Former senior geologist with Inmet Mining and Barrick Gold

The Probe TeamTrack record of delivering shareholder value


Capital Structure & Financial Information……………………………….

Probe Metals Inc.

Market capitalization $118.3 million

Shares outstanding (basic) 93.9 million

Shares outstanding (fully diluted) 99.9 million

Cash & Investments ~$25.0 million

52 week trading range $1.74 - $1.22

Recent Price (04/06/18) $1.26

Top Shareholders

Goldcorp (~14%)Caisse de dépôt et placement du

QuébecAGF Investments Libra Advisors Kingsley

AdvisorsWindermere

Capital

Sprott Asset Management

U.S. Global Investors

BMO Asset Management

1832 Asset Management

Fonds de solidarité FTQ SIDEX

Management & Directors (~6%)


Analyst Coverage

Canaccord Genuity Tom Gallo

Cormark Securities Tyron Breytenbach

Industrial Alliance Securities George Topping

Mackie Research Capital Stuart McDougall

Macquarie Capital Markets Michael Gray

Portfolio of High Quality Gold AssetsCanadian focus: Quebec


Val-d’Or East ProjectDistrict-Scale Exploration Opportunity

Good access and infrastructure: Proximity to road, electricity, Val-d’Or, regional airport, railroad

Quebec: mining friendly jurisdictions

Four past producing mines trend on the project

Strategic land position

ABITIBI GREENSTONE BELTVAL-D’OR CAMP ~20 Moz Au PRODUCTION


PROBE IS NOW ONE OF THE LARGEST LANDHOLDERS IN VAL-D'OR

Val-d’Or East ProjectConsolidation Strategy


327 KM2 DISTRICT-SCALE LAND CONSOLIDATION WITHIN ONE OF CANADA’S LEADING GOLD MINING CAMPS

Val-d’Or East ProjectMineral Resource Summary - February 20, 2018


Deposit / Category

OPEN PIT-CONSTRAINED UNDERGROUND TOTAL

Tonnes Grade(Au g/t)

Gold(oz.) Tonnes Grade

(Au g/t)Gold(oz.) Tonnes Grade

(Au g/t)Gold(oz.)

Indicated 7,710,300 2.16 535,900 1,325,900 3.44 146,500 9,036,200 2.35 682,400

Inferred 5,259,500 1.46 247,400 4,044,400 3.65 474,700 9,303,900 2.41 722,100

1.4M OUNCES OF GOLD RESOURCE WITH EXPLORATION UPSIDE

* Mineral Resources Statement, GeoPointCom

HIGH-GRADE OPEN-PIT WITH SIGNIFICANT UNDERGROUND POTENTIAL


Val-d’Or East ProjectGeological Model

Highway Deposit

South Deposit

New BeliveauDeposit

North Deposit

Gold mineralized system of 2.5 km in strike length


Val-d’Or East ProjectLong Section

The deposits have shown significant improvement and remain open in all directions for expansion

2018 Exploration

Target

2018 Exploration

Target


Val-d’Or East Project3 D Block Model

Resource ExpansionPotential

Resource Expansion Potential



1 km

Significant gold mineralized system over 2.5 km in strike length, scale potential

Val-d’Or East ProjectFocus on Resource Expansion


HIGH-GRADE OPEN-PIT WITH SIGNIFICANT UNDERGROUND POTENTIAL

Ongoing drill program confirms the continuity of gold mineralization and the expansion potential of the New Beliveau deposit

Recent discoveries indicate extensive gold mineralized system, now identified over a strike length of 2.5 km

Hole 3114.9 g/t Au / 41 mInc. 20.5 g/t Au / 9 mInc. 174.8 g/t Au / 1 m

Val-d’Or East ProjectExploration Targets

14

First property scale geophysical survey completed on the property, over 500 line kilometres

Ongoing property-scale IP survey designed to test for extensions to the known mineralized system as well as satellite gold targets

Additional gold exploration targets identified on the Pascalis Trend

TSX-V: PRB | OTCQB: PROBF | FRANKFURT: 3PB

Advancing Val-d’Or East Project


2018 Exploration Program - $12M Budget

Ongoing 85,000-metre drill program focused on expanding the current gold resources and the discovery of new gold deposits within the regional land holdings.

Engineering studies Geotechnical, environmental

geochemistry, hydrogeology, metallurgy

Environmental baseline

Additional regional target generation

VAL-D’OR EAST PROJECT Surface Map

New Beliveau

Highway

North

Resenor

Sleepy

Monique

South Zone

Second largest land package associated with the Detour Gold Trend; Land package of 398 km2

Discovery hole MA-16-05 is located 12 km east of Detour Gold Corporation’s high-grade gold discovery (Zone 58N)


Detour Quebec ProjectAn Emerging District-Potential Exploration Camp

Gold Explorer Unlocking Value in Canada

1.4MOZ OF GOLD RESOURCE WITH SIGNIFICANT EXPLORATION UPSIDE

DISTRICT-SCALE LAND PACKAGE IN A WORLD CLASS JURISDICTION

AGGRESSIVE EXPLORATION PROGRAM UNDERWAY TO EXPAND THE EXISTING RESOURCES

PROVEN MANAGEMENT TEAM WITH A TRACK RECORD OF EXECUTION

ADVANCING VAL-D’OR EAST PROJECT – UPCOMING MILESTONES

District consolidation83,000 metres - 2017 drill program CompletedUpdated NI 43-101 Resource Estimate Completed

85,000 metres – 2018 drill program Ongoing Drill results Ongoing


APPENDIX - Val-d’Or East ProjectDetailed Resources February 20, 2018


Deposit / Category

Open Pit-Constrained Underground TOTAL

Tonnes(metric)

Grade(Au g/t)

Gold(oz.)

Tonnes(metric)

Grade(Au g/t)

Gold(oz.)

Tonnes(metric)

Grade(Au g/t)

Gold(oz.)

Beliveau Deposit

Indicated 6,284,000 2.29 463,600 1,226,700 3.46 136,400 7,510,700 2.48 600,000

Inferred 3,114,100 1.57 156,700 3,101,600 3.76 374,800 6,215,700 2.66 531,500

North Deposit

Indicated 805,700 1.49 38,700 32,000 2.62 2,700 837,700 1.54 41,400

Inferred 1,516,000 1.39 68,000 304,000 3.16 30,900 1,820,000 1.69 98,900

Highway Deposit

Indicated 620,600 1.68 33,600 67,200 3.43 7,400 687,800 1.85 41,000

Inferred 523,200 1.08 18,100 225,600 3.32 24,100 748,800 1.75 42,200

South Deposit

Indicated -- -- -- -- -- -- -- -- --

Inferred 106,200 1.35 4,600 413,200 3.38 44,900 519,400 2.97 49,500

* Mineral Resources Statement, GeoPointCom

APPENDIX - Val-d’Or East ProjectMulti-Million Ounce Potential


M&I Resources (koz)Inferred Resources (koz)

?

770

2012 2018 2019

?722

682

• Management with a proven track record of delivering shareholder value through mineral discovery and project development

• Extensive history in exploration, mining engineering & capital markets

well-funded canadian gold explorer unlocking value … · 2018-05-28 · this presentation may...

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