Moneta Porcupine Mines (Est. 1910) TSX: ME OTC: MPUCF I XETRA: MOP Gold · Scale · Location June 2017 Annual Meeting TSX: ME TSX: ME 1
Forward-looking Statements This presentation contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration results, potential mineralization, future plans and objectives of the Company and mineral resources) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other risks involved in the mineral exploration industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. TSX: ME 2
Why Moneta? New technical leadership team with track record of gold discoveries 100% interest in 5 gold projects along Destor Porcupine Fault Zone (DPFZ) corridor No royalties or encumbrances Flagship Project: Golden Highway Basis of NI 43-101 is under review to improve overall grade and economics Planned drill testing of high grade targets based on review and re-interpretation of geology and structural controls Pervasive gold system identified over 4km along 12km strike of DPFZ; one of the best in Archean One of the last remaining assets of scale in Ontario Investors Material insider ownership – skin in the game Top tier institutional ownership TSX: ME 3
Moneta Moneta Porcupine: Gold producer (1939-1943) with core Timmins land position Former gold producer 1939-1943 (total 150,000oz @ ½ oz/t) Longest continuously listed mining company on the big board TSX. Moneta founded in 1910: celebrating 107 th birthday First gold bar Moneta Gold Mine Moneta Gold Mine: circa 1939 TSX: ME 4
Investment Highlights Flagship Project: Golden Highway Large Archean Greenstone-hosted gold resource located in Ontario GOLD NI 43-101: 4.3M oz gold (Dec 2012) with significant growth potential SCALE Large 4km gold system drilled within 12km strike of Destor strike Evidence of District Scale gold potential LOCATION Timmins: Tier 1 mining jurisdiction Large 150 square km land package Adjacent to operating and past gold mines VALUATION $42M market cap / <$10 per oz enterprise value ROBUST Golden Highway: Prelim Economic Analysis (Dec 2012) PRELIMINARY - NPV $748M, IRR 24.4% -> USD1,350=CAD1,420 (0.95USD=CAD) ECONOMICS - current gold -> USD1,250=CAD1,666 (0.75USD=CAD) TSX: ME 5
Annual Report Card Accomplishments since last annual meeting… Technical leadership team appointments – Gary O’Connor as Co -CEO and Chief Geologist / Director – Kevin Heather to Board of Directors Focus on improving overall project economics – Re-interpretation of geology and high grade structural controls – Initial 2017 drill program success along Destor Porcupine Fault Zone Funding – $7.0M bought deal financing ($6.0M FT at $0.395) – Director options exercised - discretionary – Warrant exercises M&A approaches continue – Evaluating all options, focused on execution of current drill program TSX: ME 6
New Technical Appointments Key appointments are transformational for Moneta Gary O'Connor, B.Sc., MAusIMM Gary has over 30 years of experience in international mineral exploration and development with multiple new gold discoveries and hands on experience with the drill delineation, scoping and feasibility studies of major gold deposits. He was most recently Vice-President of Dundee Resources from 2007 to 2017 where he guided investment decisions with his technical due diligence on 200+ resource projects across all continents covering gold, diamonds, base metals, bulk commodities and uranium. Kevin B. Heather, B.Sc. (Hons), M.Sc., Ph.D. Kevin has over 40 years of field experience in North and South America. Kevin was co-founder and is currently the Chief Geological Officer and Technical Committee Chairman for Regulus Resources Inc. (TSX-V: REG) with projects in Peru, Argentina and Nevada, and is responsible for all technical aspects of the company's exploration activities. Dr. Heather was previously Vice President, Geology of Antares Minerals Inc. (TSX: ANM), sold to First Quantum Minerals in December 2010 for C$650 million. TSX: ME 7
2017 Objectives Drill test for high grade gold based on re-interpretation of geology and structural controls Review and re-interpretation of geology and controls – selective core re-logging, re-interpretation underway – data review: structural data including downhole televiewer, oriented core NI 43-101 review – update basis of resource – opportunities for higher grade resource with improved economics – re-rating – review of Barrick historical resource - non NI 43-101 compliant (1.02Moz gold @ 6.32g/t (potential)) Marketing campaign – communicate exploration strategy to research analysts – marketing budget for US / Europe TSX: ME 8
Property Portfolio Five gold projects along prolific Destor Porcupine Fault Zone corridor Resources on 100% owned, patented and leased ground TSX: ME 9 – secure land tenure with no royalties or encumbrances
Golden Highway Project: Tier 1 infrastructure Mills, local labor force, electricity, Provincial highway, logging roads. TSX: ME 10
Golden Highway Project 2017: Focus on identifying / testing high grade structures Re-interpretation of geology and structure to generate high grade drill targets within and outside current resource base TSX: ME 11
Golden Highway Project 2017 drilling success: LC Zone outside NI 43-101 resource Using oriented core and new drill orientation LC Zone: 3.95 g/t Au over 13.5m* incl. 6.22 g/t Au over 7.50m*: most visible gold every intercepted in the zone TSX: ME * Intercepts calculated using a 1.0g/t Au cut-off, minimum 3m internal dilution, 25g/t top cap, drill widths reported. 12
Corporate Information Stock exchange listings TSX: ME / OTC: MPUCF / Xetra: MOP Share price range (52 week) $0.15 – 0.36 Recent price $0.17 Market capitalization $41 million Shares outstanding 239 million Fully diluted 274 million (24.4M warrants @ $0.41 10.9M options @ $0.23) Ownership by insiders 22+ million (9.2%) Institutional ownership est. 15 million (6.6%) (Mackenzie Financial, BMO Investments, Eric Sprott, etc.) Debt outstanding Nil Cash on hand $7M (March 31, 2017) TSX: ME 13
Board of Directors and Management Directors Kevin Heather, B.Sc. (Hons), M.Sc., Ph.D. Management: Chief Geological Officer and Technical Committee Chairman for Regulus Resources Inc. (TSX-V: REG) Ian C. Peres, President & Co-CEO (Toronto, Ontario) Alex Henry, CPA, CA Extensive capital markets experience in the resource sector; track Capital markets financier and asset manager record of generating shareholder value; founder and former Patricia Sheahan, B. Sc. Director/CFO of Energy Fuels (TSX: EFR) Independent director to TSX and TSX-V companies Gary O’Connor, Co -CEO & Chief Geologist (Toronto/Timmins) Mark Wayne, LL.B., CFA Independent director to TSX and TSX-V companies, Over 30 years of experience in international mineral exploration former Chairman of Alamos Gold including 7+ new discoveries, drill delineation, scoping and feasibility studies of major gold deposits Management Directors Warren Bates, Chief Financial Officer Ian C. Peres, CPA, CA Senior VP of Pelangio Exploration (TSX: PDX) Gary O’Connor, B.Sc., MAusIMM Warren Bates, P. Geo TSX: ME 14
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