BUILDING VALUE IN ARGENTINA PRESENTATION JUNE, 2018
FORWORD-LOOKING STATEMENTS 02 2 …………………………………………………… ..…………. This presentation includes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statement, other than statements of historical fact, included herein including, without limitation, statement regarding anticipated completion of engineering studies, potential results of drilling and assays, timing of permitting, construction and production and other milestones, and Marifil's future operating or financial performance are forward-looking statements. Estimates of reserves and resources area also forward-looking statements in that they involve estimates of the mineralization that would be encountered, based on interpretation of drilling results and certain assumptions, if a deposit were developed and mined. Forward-looking statements involve various risks and uncertainties. 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. Important factors that could cause actual results to differ materially from Marifil's expectations include financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and Native groups in the development of Marifil's properties; the need to obtain permits and governmental approvals; risks of operations such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, fluctuations in metal prices and currency exchange rates, and other risks and uncertainties disclosed in Marifil's Annual Information Form for the current year, filed with the Canadian securities and regulatory authorities, and in other Marifil reports and documents filed with applicable securities and regulatory authorities from time to time. Marifil's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. Marifil assumes no obligation to update forward-looking statements of management beliefs, opinions, or other factors should they changes.
COMPANY OVERVIEW 03 Diversification Alkali Minerals Base Metals Precious – Lithium – Cobalt Metals – Gold 100% focus on Argentina
MINERAL PROPERTY LOCATIONS 04 1 Growing foreign investment confidence 2 Business friendly reforms in progress 3 Country-wide unified mining code 4 Secure land tenure
LITHIUM PROSPECTS
MARIFIL LITHIUM PROJECT 06 • The Ratones & Fraile exploration rights total N 6,528 has. and cover Archibarca portions of brine salars Hombre Muerto • The Lithium Properties cover southern portions of the Carachi Pampa salar in Catamarca and are composed of the Carachi Antofalla Fraile Pampa III claim of 2,569 del Fraile hectares and the Carachi Pampa IV claim of 6,170 Salinita Diamante hectares ARGENTINA *Currently significant drilling activity in the north of the S Ratones Cachari Pampa Sur Ratones S Mina S Incahuasi • Marifil also has a 1% NSR Cachari Pampa on the Carachi Pampa A competitor is Cachari Pampa Sur claims where an industrial 10 5 0 10 Kilometers drilling in the north of Cachari Pampa Sur development of oil shale the Cachari Pampa fracking sand is underway. Marifil Properties Salt Lakes salar TOTAL HECTARES: 15,267
MARIFIL LITHIUM EXPLORATION 07 “ Marifil has launched an aggressive lithium property acquisition and exploration campaign” - Roberto Abenante, CEO BOLIVIA PARAGUAY CHILE ARGENTINA Marifil is now able to leverage it’s lithium exploration database which it developed a decade ago
MARIFIL LITHIUM – RATONES CLAIM 08 1 Reconnaissance samples taken 2 Sample values: 14 ppm Li, 134 ppm K and 141 ppm B 3 Further exploration is warranted 4 Next step = Vertical Electrical Sounding Geophysical Survey
GOLD DEPOSIT
SAN ROQUE- LOCATION IN ARGENTINA 10 San Roque San Antonio Port City of Las Grutas MENDOZA Viedma Gulf of BUENOS AIRES San Matías RIO NEGRO LAS GRUTAS PROVINCE Puerto Madryn In mining friendly Province of Rio Negro
SAN ROQUE PROJECT STATUS 11 1 Advanced exploration stage epithermal polymetallic deposit (Au, Ag, In, Pb, Zn) 2 US$7.5 M spent on property 3 Patented mineral rights 4 Partnership with Novagold Resources Inc
SAN ROQUE PROJECT ADVANTAGES 12 1 Patented mining claims 2 Free of private royalties 3 Excellent infrastructure: Low elevation • Paved highway • Railroad siding on property • 65 km to ocean port • High tension power lines • Labour and water available • 4 Local communities support
SAN ROQUE PROJECT OBJECTIVES 13 Drilling Zone – epithermal poly sulfide with anomalous moly § Target is a bulk mineable zinc-gold of +5 M oz Au Eq § Alternative smaller heap leach oxide gold § Underlying porphyry Potential porphyry Cu-Mo possibilities Cu-Mo deposit
SAN ROQUE DRILLING 14 108 holes for 15,837 m 1 2 All holes show mineralization Max. vertical penetration = 175 m 3 Drill highlights include: 4 143 m of 0.74 g/t gold, 27.2 g/t silver, • 0.37% lead, 0.55% zinc 12 m of 174 g/t indium • 120 m of 1.16 g/t gold &10 g/t silver • 81 m of 0.85 g/t gold & 9 g/t silver • 233 m of 0.64 g/t gold & 11 g/t silver •
SAN AN ROQU ROQUE TARG ARGET ZON ONES WIT WITH H 15 IP IP SURV RVEY Y RE RESULTS Two pending drill holes Proposed trenching Two pending drill holes Gold Drilling Zone
SAN AN ROQU ROQUE GOL OLD ZON ONE 16 ZONE 34 DRILL HOLES – SAN ROQUE, ARGENTINA
SAN AN ROQU ROQUE ZON ONE 34 CROS ROSS SECTION ION A A – A’ A’ 17 ZONE 34 CROSS SECTION A-A’– SAN ROQUE, ARGENTINA
SAN AN ROQU ROQUE POT OTENTIAL IAL 18 1 Excellent location 2 Target rich Combined drilling, geochemistry & geophysics define several • near surface drill targets in the hundreds of millions of tonnes 3 Zone 33 2011 scoping study indicates 30-60 Mt at 1-1.2 gpt AuEq at a 0.5-0.75 gpt AuEq cutoff (non-43-101 compliant) Mineralization is Open-Ended • 4 Underlying porphyry Cu-Mo target 5 Potential for world-class zinc-gold discovery
NICKEL/ COBALT DEPOSIT
LAS AGUILAS - ARGENTINA’S LARGEST 20 NICKEL/COBALT DEPOSIT Provinces of Argentina Las Aguilas is located in the heart of Argentina and is a Ni/Cu/Co/PM sulfide LAS AGUILAS deposit within a region of excellent infrastructure ARGENTINA
LAS AGUILAS GEOLOGIC FEATURES 21 1 Two parallel nickel sulfide deposits 300 m apart 2 Hosted within variably differentiated mafic/ultramafic intrusions (orthopyroxinite) into gneiss 3 Analogous to other Synorogenic-Synvolcanic Nickel-copper deposits found around the world 4 Assuming 100% metallurgical recovery, COBALT constitutes 22% this deposit’s dollar value (metal prices as of 2/27/2018)
LAS AGUILAS 43-101 RESOURCE 22 1 Based on 79 diamond drill core Both deposits open to expansion 3 holes by drilling 2 “Global 43-101 resource (two deposits combined) § Indicated: 3.3 mt @ 0.41% Ni, 0.42% Cu, 0.03% Co § Inferred: 1.3 mt @ 0.41% Ni, 0.38% Cu, 0.03% Co § Significant credits in platinum & palladium
23 LAS AGUILAS SITE VIEW View of drill roads/sites on the East and West sulfide deposits covered by 360 hectares of patented mining claims 100% owned by Marifil. There is no non-governmental royalty load. East West Deposit Deposit Adit Portal
LAS AGUILAS WORK PROGRESS 24 Several high profile mining companies have performed drilling at the Ni-Cu-Co deposit In 2003 BHP-Billiton World In 2007 Castillian Resources In 2011 Pacific Coast Nickel Between 1970 and 1986 a In 1999 Western Mining Exploration Inc. optioned the Corp. did 79 diamond drill core commissioned a 43-101 report branch of the Argentine Corporation (WMC) optioned Las Aguilas property and did holes for 12,857 meters and completed by Wardrop (a Tetra government akind to the Las Aguilas from Marifil and many different technical spent approx. US$6 million. In Tech Company) and produced Geological Survey called spent over US$600,000 on an surveys plus drilling 22 2013 Castillian changed its a resource calculation that Fabricaciones Militares (FM) airborne geophysical survey. diamond drill core holes for name to Costal Gold Corp. Marifil uses today. The cost is spent approx. US$6.5 million They did not drill. 6,842 meters at a cost of unknown. exploring the Las Aguilas zone. approx. US$2 million. That included 45 diamond drill core holes for 9,800 meters of drilling.
LAS AGUILAS MASSIVE SULFIDES 25 1 Typical magmatic segregation semi- massive sulfides 2 Hosted in norite and pyroxinite intrusives (high MgO) 3 Economically significant cobalt
LAS AGUILAS GEOLOGY/DRILLING PATTERN 26 East and West polymetallic sulfide deposits 300 m apart and superimposed on mafic igneous intrusions geology
3-D OF LAS AGUILAS WEST SULFIDE DEPOSIT 27 Subsurface long section view with drill hole penetrations
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