Ubique Minerals Daniel’s Harbour Zinc Discovery Presentation by Gerald Harper and Roland Crossley, November 3 rd , 2018 1
Di Disc sclaimer laimer • This presentation may contain forward-looking statements including, but not limited to, information regarding geological interpretations, potential timing and content of exploration programs, receipt of permits or property titles, joint venture agreements, Company financings, etc. Forward-looking statements refer to events and conditions which have not yet taken place, and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Ubique Minerals Limited relies upon litigation protection for forward-looking statements. • Gerald Harper, P. Geo. CEO, is the Qualified Person under NI 43-101 for the projects discussed in this presentation. 2
Ove verview view ➢ Private company made zinc discovery in Newfoundland in 2017 adjacent to former Daniel’s Harbour zinc mine ➢ Discovery drill program yielded spectacular high grade intersection ➢ Company completed listing requirements and went public in August 2018 ➢ Completed private placement financing ($260k) before public listing ➢ Warrants exercised raising >$100k. ➢ Undertook two more drilling campaigns. 3
What hat wa was s Da Daniels niels Harbour? rbour? ➢ A zinc mine in western Newfoundland adjacent to town of Daniel’s Harbour ➢ Operated from 1975 to 1990 with total production 7.225 m tons @ 7.93% Zn. 20% open pit, 80% underground mined, 96-98% recovery, very high grade, premium concentrate shipped from deep water port 65 kilometres away. ➢ The zinc ore is a pale coloured sphalerite in dolomitic host rock; a “Mississippi Valley Type” (“MVT”) deposit. Yielded a very high grade (62 -5 – 63.0% Zn) clean concentrate. 4
Th The e Po Powe wer r of of Gra Grade de! ➢ The former mine had an average grade of almost 8% Zinc. ➢ 8% Zinc equates to 176 pounds of contained zinc in every metric tonne of ore, which at US$1.10 per pound of zinc gives a rock value of US$193.60 (C$250.00) per tonne. ( Equivalent gold grade would be 5 g/t) ➢ The break even operating cost of the former mine was the equivalent of 4% zinc. 5
Lo Locat ation ion of of so some me mi mine ned d zinc deposits at Daniel’s Har arbo bour, ur, 1975 – 1990. 1990. Red lines indicate approximate surface projections of orebodies, which generally trend northeasterly, with bends or offsets that trend easterly and south-easterly. 6
Ubique’s Pro Property perty Po Posi siti tion on ▪ Green shaded areas are major holdings of Ubique. ▪ Former mine surface facilities marked by “X”. D U U ▪ “U” and “D” indicate approximate positions of uplifted and down thrown blocks of host rocks. ▪ Uplifted areas have ore horizon X close to surface. ▪ Double yellow lines indicate interpreted zinc deposits trend. 7
2017 7 Di Diam amond ond Dr Drilling lling High ghlig light hts Red highlights drill results = > 4% Zn over 2 metres. • DH UM-4 13.60% Zn over 12.2m • DH UM-5 14.06% Zn over 0.65m • DH UM-6 5.06% Zn over 11.5m or 10.1% Zn over 4.5m • DH UM-7 12.79% Zn over 1.7m • DH UM-8 5.1% Zn over 1.62m or 10.8% Zn over 0.6m • DH UM-9 5.37% Zn over 4.2m All drill holes vertical and intersections at 60 – 65m depth 8
2018 8 Di Diam amond ond Dr Drilling lling High ghlig light hts Red highlights drill results = > 4% Zn over 2 metres. • DH UM-13 15.97% Zn over 6.05m • DH UM-14 9.77% Zn over 8.6m or 8.41% Zn over 10.43m • DH UM-15 7.16% Zn over 3.24m • DH UM-16 7.3% Zn over 3.74m • DH UM-21 4.2% Zn over 6.03m or 4.68% Zn over 4.92m • DH UM-22 5.95% Zn over 3.14m All drill holes vertical and intersections at 60 – 65m depth Additional assays from more holes pending 9
Th The e P Zo P Zone ne East ast Ar Arm 10
P Zone – East Arm rm, Dri rilling results on Section 469325 E lo looking west. 11
Location of multiple targets 12
Re Reso source urce Im Impl plic icatio ations ns – 201 2018 dr 8 dril illi ling ng ✓ The DD holes already drilled in the PE Zone suggest 10m pounds of Zinc (assuming 8% average grade). ✓ The PN Zone has almost as much historic drilling as the PE Zone and is a high priority for drilling to locate extensions. ✓ The MP Zone has had much less historic drilling but is open both ways along strike and is an entirely un- mined system! 13
Ubique’s Ex Expl ploratio oration n Ad Adva vant ntages! ages! • Ubique’s drilling already extended former mine deposit at shallow depths. Will follow up with more drilling to block out resource. • Exploration database of more than 2,000 drill holes, some with “ore” grade intersections which will be subject to follow up drilling. • Historical prospecting and geochemical soil and water anomalies indicate trend of zinc mineralization towards showings and anomalies on NE, Tilt and Cobo’s Pond claim blocks. • Exploration area easily accessible and close to operating base in Daniel’s Harbour. 14
View northeast over mined out C Zone pit to P Zone area – note handily available power line and road 15
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P Zone P Zone po porta rtal l – as as wa was s – an and d we we ex expect pect to to be e ag again ain 17
Su Summary mmary • 2018 Drilling program targeting minimum of 3 zinc zones • All are high grade • All are shallow depth so total drilling metres needed to block out resource volumes is kept to minimum • The zinc mineralization yields a very high grade, clean concentrate liked by smelters • 2019 Plan for more drilling to block out resources, to scout drill other known zone targets and refine geochemical targets to northeast along trend 18
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