ADVANCED EXPLORATION IN MINING FRIENDLY PERU CORPORATE UPDATE | SEPTEMBER 2018 TSXV : NBR | nubianr.com
FORWARD LOOKING STATEMENTS Information set forth in this presentation contains forward-looking statements that are based on assumptions as of the date of this presentation. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Nubian Resources Ltd. (“Nubian”) cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Nubian’s control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, logical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Nubian’s mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Nubian on terms acceptable to it or at all. Nubian is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Nubian undertakes no obligation to publicly update or revise forward-looking information. Nubian does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Nubian, readers should refer to www.sedar.com for Nubian’s filings with the Canadian securities regulatory authorities. 2
INVESTMENT HIGHLIGHTS Advanced Exploration in Mining Friendly Peru • Esquilache Polymetallic Project • Historical producer, near term production with large exploration potential • high grade, near surface mineralization, good location and drill ready - an advanced stage exploration project • Active community support • National Instrument 43-101 technical report updated May 2018 • Near term work program includes 3D Model compilation of previous drill and geochemical sampling, additional structural mapping, updating of environmental monitoring programs in preparation for Q1 2019 drill program US Gold Properties • Nubian undertaking a strategic initiative on its US gold properties located in Nevada (Excelsior Springs, Dunfee, Palmetto) and New Mexico (Copper Hills) comprising 181 claims Corporate re-organization undertaken, new key management personnel, low overhead TSX Venture Exchange Listed Trading Symbol – NBR Shares Outstanding – 30,290,924 3
ESQUILACHE POLYMETALLIC PROJECT • 1,600 ha silver-zinc rich with significant gold credits located in the western cordillera of southern Peru • Three main mineralized zones – Sepulveda, Creston and Mamacocha • Recent 2015 drilling results of 24.2 metres of 131 g/t Ag, 0.4 g/t Au including 8.1 metres of 292 g/t Ag, 0.73 g/t Au • Mineralization widespread and high grade near surface - intersections remain open at depth • Esquilache Virgen de Chapi prospect – a southwest extension of Mamacocha zone • Adjacent to Buenaventura’s Chucapaca Gold/Silver deposit • Mined by Hochschild Mining from 1951-61 Acquisition Terms: • ~1Mt underground sulfide production at Acquired from Zinc One Resources Inc. – • payment of $125,000 and 1,638,151 NBR 4.8% Zn, 3.2% Pb, 0.3% Cu, and 3.4 opt Ag common shares (historical standards and not NI 43-101 compliant Four annual advanced Net Smelter Royalty • and should not be relied on) (NSR) payments of $162,500 • 100% ownership, favourable community with 2% NSR - Nubian can purchase 1% for • agreement in place $500,000 at any time, until the third anniversary of the first sale of gold, silver or concentrate 4
HIGH GRADE POLYMETALLIC DEPOSIT 28 km south and adjacent and along • strike to Buenaventura’s Chucapaca deposit Ag, Pb, Zn mineralization • Property accessible by road with • available power 5
ESQUILACHE – ADVANCED EXPLORATION • Significant historical drill results from previous exploration activities: • 2.0 metres of 977.0 g/t Ag + 4.88 g/t Au • 5.65 metres of 304 g/t Ag • 24.2 metres of 131 g/t Ag + 0.4 g/t Au • 8.1 metres of 292 g/t Ag + 0.73 g/t Au • 2.0 metres of 593 g/t Ag • Horsetail nature of high grade veins suggests possible open pit operation • Historical metallurgical testing of the Sepulveda and Elvira veins plus the dumps produced three saleable products: silver- lead concentrate, zinc-silver concentrate and copper-gold concentrate • Ground geophysics connects both zones with continuous chargeability anomaly 6
ESQUILACHE – NORTH ZONE Creston Target – Potential Sepulveda Pit Vein continues downslope 7
ESQUILACHE – SEPULVEDA VEIN SECTION TARGET AREA OPEN LEGEND Trench Drillhole 2014 Intercepts Colonial Workings Hochschild Drifts Hochschild Stopes 8
ESQUILACHE – MAMACOCHA TARGET 9
VIRGIN DE CHAPI – ESQUILACHE EXTENSION • Extension to Esquilache property • Located ~3 km south of the former Esquilache mill • Mineralized structures are the southwest extension of the Mamacocha veins • Eight high and low sulfication targets identified by prior exploration activities • To be included in a future drilling program 10
NUBIAN TEAM discovery of the El Hilorico (1 M oz Au) in MARKUS JANSER , MCom – MARTIN WALTER , MBA BSc Peru, the acquisition of Newmont Argentina CHAIRMAN - 20 years of experience as (Geology) – DIRECTOR & CEO - SA (Calcatreu Au and Navidad Ag) for a senior executive and business consultant in 20 years of extensive mine geology Aquiline Resources and the acquisition of the private and offshore banking, finance and operational experience in open pit gold Mara Rosa deposit (1.5 M oz Au) in Brazil for investment, project management, junior mining and on precious metal projects Amarillo Gold. Rick Brown has a degree in mining and exploration and property worldwide. He has served as a director and Geology from Curtin University in Western development. He was also the founding has led a number of junior mining companies Australia, a graduate diploma in Applied partner of a retail textile company, a financial listed on the Toronto Stock Exchange and the Finance and Investment from the Australian service group and a property development TSX Venture Exchange including Forrester Securities Institute and a MBA from Business company. Mr. Janser holds a Master of Arts Resources Corp. (formerly Vena Resources School Sao Paulo in Brazil. in Economics from the University of Fribourg, Inc.), Treasury Metals Inc., Absolut Resources ASHLEY MARTIN – BUSINESS Switzerland. Inc., Sierra Minerals Inc., Aquiline Resources Inc., St. Andrew Goldfields Ltd., Crown Point DEVELOPMENT – 12+ years of mining LARRY TREADGOLD, BSc Energy Inc. and Amarillo Gold Corp. Mr. construction and development experience Walter holds a BSc. Degree in Geology from (Hons), CEng MTMS – gained through positions with Guyana the University of Ballarat, Australia and an Goldfields (Aurora Gold Mine), Knight DIRECTOR - 40 years' experience as an MBA from the University of Toronto. Piesold, Treasury Metals and Forrester extractive metallurgist and senior manager Metals on projects in Africa, Australia, in gold and copper assets world-wide WILLIAM R. (RICK) BROWN , Guyana, Peru and SE Asia. Mr. Martin holds developing both green-field and brown- a degree in Engineering and Construction BSc (Geology), MAusIMM, field sites bringing them to optimum from Curtin University, Western Australia. capacity and profitability. He has also MBA – GENERAL MANAGER, provided metallurgical and environmental DAVID FYNN, CA – DIRECTOR SOUTH AMERICA - 25 years’ consulting services to gold and copper & CFO - 20+ years in private accounting experience in minerals exploration and mining operations in the United States, development throughout Latin America, Africa and elsewhere. practice and prior as a senior manager with principally Peru, Brazil, Argentina and KPMG in Canada and Ernst & Young in the Colombia. His successes include the outcrop United Kingdom and Saudi Arabia. 11
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