FEBRUARY 2018
C ORPORATE D ISCLOSURE Disclaimer The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The company is an exploration stage mineral resource exploration company and none of its mineral projects have yet to be proven to be economic. The contents of this presentation is for information purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein. O PEN P IT FROM P RODUCTION IN 2000 BY R ICHMONT Forward-looking Statements This presentation includes certain forward-looking statements about future events and/or financial results which are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements include without limitation, statements regarding the company’s plans, goals or objectives and future exploration, development, potential mineralization, exploration results and future plans and objectives of Maritime. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, or “continue” or the negative thereof or variations thereon or similar terminology. 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 expectations include risks associated with mining generally and exploration stage projects in particular. Potential investors should conduct their own investigations as to the suitability of investing in securities of Maritime. Bernard Kahlert, P. Eng, VP Exploration is the Qualified Person responsible for the technical content of this presentation. 2 TSX.V : MAE
C OMPANY S UMMARY Maritime has 100% ownership of the Green Bay property near Springdale, NL which contains three mineral deposits: Development Projects: ➢ Past Producing Hammerdown Gold Mine ➢ The Orion Gold Deposit ➢ The Lochinvar Base-Precious Metals Deposit Exploration Project: ➢ Option to earn 100% in the Whisker & El Strato gold projects Maritime has a single focus: To fast track the Bernie Kahlert, VP of Exploration at Hammerdown reopening of the Mine’s first Gold Pour, 2000 HAMMERDOWN GOLD MINE 3 TSX.V : MAE
R EGION & I NFRASTRUCTURE Whisker Valley Project Hammerdown Project 4 TSX.V : MAE
H ISTORY AT H AMMERDOWN ➢ Discovered in early 1990’s by Commander /Noranda ➢ Richmont Mining bought the project in 1999 based on a 200,000 oz inferred resource ➢ Richmont Mining owned Nugget Pond Mill and required mill feed Fine Ore Bin ➢ Richmont mined from 2000 to 2004 (Drilled 700+ holes into the deposit) ➢ Average mill head grade of 15.83 g/t Au ➢ Richmont’s cut -off grade was 8 g/t ➢ Shut down due to low gold price – average gold price was approximately $300/oz during operation ➢ All of the ore was processed at the Nugget Pond Mill with an average gold recovery of 97.1% ➢ Nugget Pond Mill is now owned and operated by Rambler Metals 5 TSX.V : MAE
P RODUCTION H ISTORY Production Tonnes Grade (gr/t) Recovery (oz Au) 2000 Open Pit 17,504 15.85 96.38% 8,598 2001 U/G 53,818 20.72 95.42% 34,210 93,451 16.02 98.62% 47,470 2002 2003 90,125 13.47 96.82% 37,798 2004 35,282 13.52 97.30% 14,992 Total U/G 272,693 15.78 97.14% 134,400 Total 290,180 15.74 97.38% 142,998 NOTE: Richmont had an 8 gram cut-off during production 6 TSX.V : MAE
H AMMERDOWN G OLD M INE Moving Forward to Re-open Hammerdown Mine Hammerdown Mine – Closed 2004 @ $300 Au Ready to Re-open @ $1,200 Au 7 TSX.V : MAE
A CQUISITION OF THE G REEN B AY P ROJECT ➢ Maritime purchased 100% of the project from Commander in 2010 ➢ Drilled aprox. 7000 meters on Hammerdown and Orion during 2011 & 2012 ➢ Completed trenching program on Rumbullion Extension in 2012 ➢ Completed a 43-101 Resources released in June of 2013 ➢ Entered into an Engineering and Evaluation Study Agreement with Rambler Metals in 2016 to complete the PFS ➢ PFS completed March 2017 ➢ Rambler agreement opens the door for a toll milling arrangement at Rambler’s Nugget Pond Mill (gold circuit at Nugget Pond is a stand-alone facility where past Hammerdown ore was processed) 8 TSX.V : MAE
G OLD R ESOURCES & O PPORTUNITY NI 43-101 Compliant Resource Completed in 2013 on Hammerdown & Orion ➢ 428,000 ounces of gold – M&I category at cut-off grade of 3 g/t Au ➢ 661,000 ounces of gold - Inferred category at cut-off grade of 3 g/t Au ➢ Both @ a 1.2 m minimum mining width HAMMERDOWN DEPOSIT* Grade Gold Category Tonnes (g/t Au) (Ounces) M&I Total 727,500 11.59 271,100 Inferred Total 1,767,000 7.68 436,000 ORION DEPOSIT Grade Gold Category Tonnes (g/t Au) (Ounces) M&I Total 1,096,500 4.47 157,500 Inferred Total 1,288,000 5.44 225,100 Existing underground workings * The Resource Estimate was prepared by Todd McCracken, P. Geo. of Tetra Tech, Sudbury, ON. Mr. McCracken is a qualified person and independent of the Company, down to approx. 250 metres as defined by section 1.5 of NI 43-101. Now updated by WSP in the PFS 9 TSX.V : MAE
P ROJECT PFS & E CONOMICS C OMPLETED A PRIL 2017 Based on gold price of $1,250 and exchange $C/$US ➢ $1.25 PFS is based on Hammerdown M&I Resource alone, ➢ approx. 925,000 tons @ 10.6 grams Processing at 400 tonnes per day through tolling milling ➢ option at the Nugget Pond Mill Life of Mine - 5 years ➢ Total estimated Capital Cost - $35M ➢ Total Development, Sustaining and Exploration - LOM ➢ $32M Production of Approximately 35,000 ounces per year ➢ Pre-tax NPV at 8% discount - $72 million, after - tax $44 ➢ Pre-tax IRR - 47% , after tax 35%. ➢ Pay back in less than 2 years ➢ Cash cost $558 cdn. per ounce gold ➢ All in cash cost including capital cost - $955 cdn. ➢ 10 TSX.V : MAE
O PPORTUNITIES F OR PFS & E CONOMICS ➢ PFS currently utilizes approximately 1000 meters of the existing 4000 meters of ramps, there is potential of utilizing more of existing ramp used in a revised mine plan. ➢ Additional resource growth through the development of the Inferred Resource at Hammerdown, approximately 400,000 oz. gold sits within the existing mine plan. ➢ Open pit production from “J, K” Veins as well as both Rumbullion & Orion, during the first years of operations ➢ Further studies to minimize dilution, and reduce preproduction development. This work will be initiated once the portal has been reopened and refurbishing of the underground workings been inspected. ➢ Integration of ore pre-concentration at the mine site. This could potentially allow for further optimization of mine production by reducing the amount of waste and improving the grade being delivered to the mill; ➢ All stationary and mobile equipment is purchased new. A re-examination of all equipment will be completed with the goal to reduce capital . . 11 TSX.V : MAE
S HORT T IMELINE TO P RODUCTION ➢ Potential to re-open the past producing Hammerdown mine estimated within 2 years ➢ Working with Rambler Metals to allows for a toll milling arrangement of the Hammerdown ore to be processed at Rambler’s Nugget Pond Mill gold circuit ➢ Opening of the Portal is completed ➢ De-watering permit is under way, Recent water sampling has indicated no complications ➢ Permitting to re-open the mine as a brownfields operation. Less than 600 TPD may not require Federal approvals ➢ Low capital requirement and time line to re-open the mine by using existing underground development and using the existing mill and tailing ponds at Rambler’s Nugget Pond facilities 12 TSX.V : MAE
UNDERGROUND WORKINGS ➢ Historical Development: Approximately 4000 metres ➢ Historical Mined Stopes: 290,180 tonnes @ 15.74 g/t, 142,998 oz Au ➢ New Proposed Mine Stopes - (Diluted grade): 700,600 tonnes @ 7.96 g/t, 179,400 oz Au looking southeast 0 50 100 ➢ Inferred Resource: 1,600,000 tonnes @ 7.53 g/t, 377,000 oz Au (not included in the mine plan) 13 TSX.V : MAE
B LUE S KY O PPORTUNITY RESOURCE EXPANSION POTENTIAL ➢ Rumbullion deposit remains open for 800 m to northeast with some veins partially exposed and tested on surface ➢ Hammerdown faulted- offset to southwest, untested and anticipated at approximately 500 m depth ➢ Orion down plunge trends to northeast with 1,500 m of untested ground and believed to coalesce at depth with the Hammerdown Fault Offset 14 TSX.V : MAE
B LUE S KY P OTENTIAL R UMBULLION Muddy Shag Gold Zone 15 TSX.V : MAE
UNTESTED GOLD POTENTIAL TO N ORTH E AST ➢ Completed Geochemistry and Geophysics surveys showing numerous high priority targets ➢ Largely untested area between Rumbullion and Lochinvar ➢ Rumbullion remains open for 800 to 1000 meters to northeast with some veins partially exposed and tested on surface Lochinvar has a non compliant NI 43-101 resource of approx. 450,000 tonnes of 8% zn equivalent 16 TSX.V : MAE
R UMBULLION – RM V EIN • Outcrop containing RM-East Vein • Trenching program complete 96.7 g/t Au 17 TSX.V : MAE
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