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WAM Corporate Presentation Jan 2023.pdf

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WAM Corporate Presentation Jan 2023.pdf

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Western Alaska Minerals is focused on advancing its 100% owned "Illinois Creek Mining District" (>73,000 acres) which contains targets originally discovered by Anaconda Minerals in the 1980s and was consolidated by the WAM management team over the past 10 years. The portfolio of five, high-grade, evolving mineral projects contain: gold, silver, copper, lead, and zinc including a silver-rich Carbonate Replacement Deposit (CRD) and a NI 43-101 oxide gold resource at the Illinois Creek deposit.

Our board, management, and technical teams have track records exploring and progressing Tier 1 assets in Alaska including Donlin Creek, Greens Creek, and Bornite.

The company’s first-pass drill program at the Waterpump Creek (“WPC”) CRD target in 2021 intersected 9.1m (true thickness) @ 526 g/t Ag, 22.5% Zn & 14.4% Pb (1,886 g/t AgEq). WAM's 2022 drilling season continually intersected more bonanza-grade mineralization at Waterpump Creek, expanding the mineralized strike from 50m to 400m long.

Western Alaska Minerals is focused on advancing its 100% owned "Illinois Creek Mining District" (>73,000 acres) which contains targets originally discovered by Anaconda Minerals in the 1980s and was consolidated by the WAM management team over the past 10 years. The portfolio of five, high-grade, evolving mineral projects contain: gold, silver, copper, lead, and zinc including a silver-rich Carbonate Replacement Deposit (CRD) and a NI 43-101 oxide gold resource at the Illinois Creek deposit.

Our board, management, and technical teams have track records exploring and progressing Tier 1 assets in Alaska including Donlin Creek, Greens Creek, and Bornite.

The company’s first-pass drill program at the Waterpump Creek (“WPC”) CRD target in 2021 intersected 9.1m (true thickness) @ 526 g/t Ag, 22.5% Zn & 14.4% Pb (1,886 g/t AgEq). WAM's 2022 drilling season continually intersected more bonanza-grade mineralization at Waterpump Creek, expanding the mineralized strike from 50m to 400m long.

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WAM Corporate Presentation Jan 2023.pdf

  1. 1. TSX-V: WAM westernalaskaminerals.com Corporate Presentation: January 2023
  2. 2. Forward Looking Statements This presentation contains numerous forward-looking statements relating to Western Alaska Minerals Corp.’s exploration and potential mining business, including estimated production data, expected production and operating schedules, results of operations, reserves and resources, expected capital costs, mine plans, mine lives, other expected operating data, permitting and other regulatory approvals. Such forward-looking statements are identified by the use of words such as “believes,” “intends,” “expects,” “hopes,” “may,” “should,” “will,” “plan,” “projected,” “contemplates,” “anticipates”, “estimates”, “potential”, “likely” or similar words. Actual production, operating schedules, results of operations, reserves and resources, capital costs, mine plans, mine lives, permitting and regulatory approvals could differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ materially from those in the forward-looking statements include: (i) the risk factors set forth in Western Alaska Minerals Corp.’s disclosures; (ii) risks and hazards inherent in the mining business (including risks inherent in discovering and developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically related conditions); (iii) changes in the market prices of gold, copper and silver and a sustained lower price environment; comparative valuations to peer exploration stage companies; (iv) uncertainties inherent in Western Alaska Minerals Corp.’s production, exploratory and developmental activities, including risks relating to permitting and regulatory delays, ground condition and grade variability; (v) any future labor disputes or work stoppages; (vi) uncertainties inherent in the estimation of mineral resources and reserves and future production; (vii) changes that could result from Western Alaska Minerals ’s future acquisition of new mining properties or businesses; (viii) reliance on third parties to operate certain mines where Western Alaska Minerals Corp. owns mineral production and; (ix) the absence of control over mining operations in which the Company or any of its subsidiaries holds royalty or streaming interests and risks related to these mining operations (including results of mining and exploration activities, environmental, economic and political risks and changes in mine plans and project parameters); (x) the loss of any third-party smelter to which Western Alaska Minerals Corp. markets copper, silver and gold; (xi) effects of environmental and other governmental regulations; (xii) risks inherent in the ownership or operation of or investment in mining properties or businesses in foreign countries; and (xiii) Western Alaska Minerals Corp.’s possible inability to raise additional financing necessary to conduct its business, make payments or refinance its debt. Readers are cautioned not to put undue reliance on forward-looking statements. Western Alaska Minerals Corp. disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise. All scientific and technical information contained in this presentation is derived from or supported by the Technical Report (the "Technical Report") prepared in accordance with National Instrument 43-101 entitled "Western Alaska Minerals Corp. ILLINOIS CREEK PROJECT", prepared by Bruce Davis, Robert Sim, Jack DiMarchi and Deepak Malhotra with an effective date of January 15, 2021, which has been filed under the SEDAR profile of 1246779 B.C. Ltd on August 19, 2021. The scientific and technical information contained in this presentation has been reviewed and approved by Stuart Morris, a Qualified Person as defined by National Instrument 43-101. Mr. Morris is an independent consultant with a MS in Economic Geology and 40 plus years of experience in mineral resources, mine, and exploration He is a Registered Geologist with the British Columbia Association of Professional Engineers and Geoscientists (BC-APEG) No. 135066 and with the Arizona State Board of Technical Registration No. 16289. This presentation uses Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly from standards in SEC Industry Guide 7 under the U.S. Securities Act ("SEC Industry Guide 7") and Subpart 1300 of Regulation S-K for mining disclosures ("SubPart 1300 Standards") and may not be comparable to similar information made public by United States companies subject to reporting and disclosure requirements under United States federal securities laws and the rules and regulations promulgated thereunder. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities. None of the securities to be issued in the proposed concurrent financing or to be issued pursuant to the proposed RTO transaction have been or will be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and any securities issued pursuant thereto will be issued in reliance upon available exemptions from such registration requirements. 2
  3. 3. We’re at the start of something big. Highlights of a Tier 1 Team & Assets 3 Highly promising and under- explored land package Leadership track record of value creation in Alaska Growing Waterpump Creek CRD discovery: significant value creation catalyst 79 Au Gold 47 Ag Silver 30 Zn Zinc 29 Cu Copper 82 Pb Lead
  4. 4. Common Shares Outstanding 23.8 million Proportional Shares As-Converted* 22.5 million Options 2.8 million Fully Diluted Share Count 49.1 million Fully Diluted Market Capitalization at C$3.11/share (VWAP Dec 15/22-Jan 15/23) C$152.7 million Capitalization Structure 4 35% 26% 39% Ownership Directors & Officers Institutions Other Analyst coverage: Michael Gray, Agentis Capital *The purpose of the Proportional Shares is to allow the Company to qualify as a foreign private issuer under United States securities laws. Each proportional share is convertible to 100 common shares at the request of the shareholder and in the discretion of the Company. Because of these conversion rights, for market capitalization and financial analysis purposes, it is appropriate to convert the proportional shares to common shares and add the product of the conversion (approximately 23,900,000 shares) to the current number of common shares outstanding. Further information regarding the Company’s share structure is available upon request.
  5. 5. Trading History 5  Nov 2021 (C$5.2M) & TSX listing  May 2022 (C$5M)  August 2022 (C$12M) Date M Shares outstanding Price C$ MCC$ 15-Nov-21 38.175 0.90 (0.85) 31.7 1.0x 5-May-22 42.661 1.80 (1.20) 76.8 2.4x 8-Aug-22 46.278 4.60 (4.10) 212.9 6.7x 30-Sep-22 46.278 2.21 102.3 3.2x 11-Oct-22 46.278 3.30 152.7 4.8x Financings Courtesy: Agentis Capital - 100,000 200,000 300,000 400,000 500,000 600,000 - $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Volume Price (C$) Western Alaska commences trading on the TSXV Waterpump Creek drilling intersects 15.7mTT of oxide mineralization grading 484g/tAgEq Waterpump Creek drilling intersects 9.1mTT of sulphide mineralization grading 584g/tAgEq and Honker drilling hit 7.6mTT C$5 million non- brokered private placement announced at C$1.20 per C$5 million non- brokered private placement closed 2022 drill program commences at Waterpump Creek and additional 6,080 acres consolidated Initial 2022 drill results at Waterpump Creek yield up to 18.5m of massive sulfide with assays pending 101.7m of massive sulfide replacement mineralization intersected in hole WPC22-18 with assays pending Assay results yield 337g/tAg, 16.7%Zn and 10.0%Pb over C$8.2 million non- brokered private placement announced Non-brokered private placement upsized to C$12.0 million First tranche of C$12.0 million non- brokered private placement closes for gross proceeds of C$9.75 million Final tranche of C$12.0 million non-brokered private placement Assay results yield 159g/tAg, 5.4%Zn and 5.3%Pb over 102.7m in WPC22-20 intersects 11.4m of 284g/tAg, 10.9%Pb and 789g/tAg, 22.0%Pb and 14.9%Zn over 5.1m intersected in hole WOC22-21 WPC22-22 intersects 22.7m of 293g/tAg, 9.0%Pb and 20.3%Zn and 54.6m of 187g/tAg,
  6. 6. WAM Management & Technical Team 6 Kit Marrs, B.Sc., M.Sc. Chief Executive Officer & Director • Western Alaska Minerals co- founder • 30+ years Alaska experience: Anaconda (Project Manager at Illinois Creek), Green’s Creek, Ambler District • Previously served on University of Arizona Department of Geosciences Board (15 years) Joe Piekenbrock, B.A., M.Sc. Chief Exploration Officer • 35+ years exploration experience • Sr. VP Exploration, NovaGold, NovaCopper (2002-2012) • 2009 PDAC Thayer Lindsley & 2015 AME Colin Spence Awards recognizing Joe’s discovery contributions to Donlin Gold & Bornite Copper deposits Alex Tong, CPA, CA Chief Financial Officer • 20+ years experience in finance and mining, including 5 years at NovaGold • Held various senior management positions • Partner Calibre Capital Corp, specialize in go-public transactions, M&A and corporate finance Leaders of the next chapter in Alaskan high-grade discovery. Technical Advisors Dr. Peter Megaw, Ph.D. • MAG Silver (Co-Founder) • World-renowned expert on CRDs - Instrumental in numerous discoveries: Platosa, Juanicipio, Cinco de Mayo • Recipient of 2016 Thayer Lindsley Award Darwin Green, B.Sc, M.Sc, P.Geo. • HighGold Mining (Founder, CEO), 20+ yrs Alaska experience • Extensive public market experience: financings, transactions, JV, corporate development • Commissioner’s Award for Project Excellence for overseeing Niblack project development
  7. 7. Nathan Brewer, B.A., CPG • Director Highlander Silver Corp. Former Sr. VP of Greenfields Exploration, Gold Fields Ltd. • Worked for several major mining companies in over 20 countries • 40 years experience: grass-roots discovery to feasibility stage projects; consulting geologist since 2019 Kevin Nishi, BBA, CPA • 35 years financial experience • Partner with Smythe LLP working with several public companies listed on the TSX and TSX Venture exchanges in Canada and in the United States David Smallhouse, B.Sc., M.Sc. • 21+ years’ experience: Managing Director, Miramar Ventures, LLC • Member of various Tucsonan Boards and Committees • Masters Degree in Agricultural Economics from University of AZ Board of Directors 7 • Law practice, focusing on commercial transactions, business organization and strategy • Manages family office which invests in real estate, start-ups and early-stage ventures Greg Anderson, B.A., J.D.
  8. 8. The Alaskan Advantage 8 ✔ Stable Jurisdiction Ranked 5th out of 77 mining jurisdictions by the Fraser Institute (2020) ✔ Proximity to “Marine Highway” Access to Yukon River is via a 45- kilometer winter road. A (historic) State of Alaska-funded engineering study for an all-weather access road is being updated. ✔ Rolling terrain Amenable to development
  9. 9. Five Metals. One District. 9 A rapidly expanding high-grade, silver-rich carbonate replacement (CRD) at Waterpump Creek with nearby Cu porphyry and low sulfidation vein systems 100% ownership; >73,000 acres State of Alaska land Illinois Creek Waterpump Creek Round Top Honker TG North
  10. 10. 1.2 10 Tintic, Utah 19.1 Mt 14.2 opt Ag, 5.9% Pb, 1.2% Zn, 0.66% Cu, 0.145 opt Au Santa Eulalia, Mex 51.6 Mt 10.0 opt Ag, 8.2% Pb, 7.1% Zn Existing >500Koz AuEq oxide resource 1000 Meters N Scale: All Images GST 558000E 555000E 556000E 554000E 552000E 553000E 557000E GST GST 7101000N 7103000N 7105000N 7102000N 7100000N Waterpump Creek CRD Ag-Zn-Pb Au-Cu District-Scale Potential Comparisons: Major CRD Districts Similar Location at Extremity of Multi-km-long System Greenstone Sill Fault Illinois Creek Mine 2022 Exploration Drilling
  11. 11. 2021 Waterpump Creek High-Grade Silver (CRD) Discovery 11 August 2021: 9.1 meters true thickness of 522 g/t Ag, 22.5% Zn and 14.4% Pb of carbonate replacement mineralization (“CRD”) drilled Waterpump Creek (“WPC”) Result: Strategic corporate shift from re-development of the Illinois Creek oxide Au-Ag resources to focus on Waterpump CRD exploration Drill hole WPC21-09. Base metal mineralization visible Carbonate Replacement Deposits – CRDs ⮚ High-grade, high-margin silver-lead-zinc mineralization ⮚ Favorable metallurgy: coarse-grained mineralization ⮚ Associated with large scale magmatic systems with large tonnage potential ⮚ Attractive to major mining companies
  12. 12. Waterpump Creek High-Grade Silver (CRD) Longitudinal Section 12 Major high-grade Ag Zn Pb CRD mineralization Drilling during 2022 has defined a zone: • 30-75 meters wide • ~ 400 m long • Up to 101 meters thick OPEN OPEN High-Grade PLUS Thickness WPC21-09 Bonanza Grade Ag-Pb-Zn Ag-Pb-Zn Zone Above: Drill core from WPC22-17 WPC22-21 cut 5.1m thickness @ 789 g/t Ag
  13. 13. Drill Holes Drill Thickness meters 1. WPC84-27 16.5 2. WPC84-31 25.8 3. WPC84-38 8.5 4. KH05-02 7.9 5. WPC21-09 9.1* 6. WPC22-07 18.5 7. WPC22-08 8.5 8. WPC22-11 17.2 9. WPC22-13 10.6 10. WPC22-17 47.0 11. WPC22-18 101.7 12. WPC22-20 32.1 13. WPC22-21 4.0 14. WPC22-22 67.3 Waterpump Creek High-Grade Silver (CRD) 13 *calculated true thickness 2. 12. 11. 10. 14. Assay Table: slide 21
  14. 14. Photos - 2022 Core 14 Photos
  15. 15. 2023 Plan Next Steps Goals 15 Waterpump Creek Drilling Mineral Resource Expansion WPC Trend ~8,500 m Exploration Drilling “Wade’s Trend” and “East IC Manto” ~8,500 m Infrastructure Road access alignment & costing Metallurgy Initial WPC sulfide metallurgy Other Studies Continued baseline studies >4 MT inferred mineral resource at WPC (>120moz Ag Eq) 2nd developing mineral resource PFS level costing and AIDEA engagement Scoping level recoveries, work index, concentrate characteristics Scoping level permitting and environmental considerations
  16. 16. Gold & Copper Projects 16 NI 43-101 resource estimate, Feb ‘21: 525,000oz AuEq @ +1.3g/t AuEq* *Note: In-situ mineral resources are limited inside the $1,600/oz Au pit shell and are reported at a base case cut-off grade of 0.35g/t gold equivalent (AuEq). Strip Ratio is 3.79:1. Mineral resources are not mineral reserves because the economic viability has not been demonstrated. Prepared by: Robert Sim, PGeo, Sim Geological Inc, Bruce Davis, PhD, BD Resource Consulting, Inc. Gold equivalencies (AuEq) are based on metals pricing of $1,600/oz Au and $20/oz Ag 92% metallurgical recovery Au, 65% metallurgical recovery Ag Illinois Creek (Reclaimed) - Gold Mine Round Top – Copper Porphyry Honker – Low Sulfidation Gold Vein system
  17. 17. Responsible and Sustainable Exploration 17 Ongoing Local Initiatives • Local initiatives/hiring/training since 2017 • Water, fish habitat, wetlands, engineering baseline studies • Providing work training scholarships to local villages of Nulato and Kaltag in 2021 Efforts will be expanded in 2022 to Galena, Huslia and others (Foreground) Driller and core-tech, Cameron Hildebrand, from Nulato. (Background) Colorado School of Mines student, Jackson Tanner, logging core.
  18. 18.  One of the few early-stage silver projects based on grade in the development pipeline  Thickness of intervals cut in WPC22-17, 18 & 22 point to fast growth of tonnage at Waterpump Creek  Grades on a par or even greater than that seen at the largest primary silver producers in the world  Scale of the yet to be explored system footprint is on a par with the largest worldwide CRD systems 18  Grades encountered to date show bonanza-grade silver values, base metal credits high enough to cover operating costs: a true silver leveraged opportunity Takeaways ✔ Unique Opportunity ✔ Fast Resource Growth ✔ Highly Leveraged to Silver ✔ Exceptional Grade ✔ Major Exploration Upside
  19. 19. 19 Corporate Inquiries: vanessa@westernalaskaminerals.com info@westernalaskaminerals.com I westernalaskaminerals.com
  20. 20. Appendix: Assays - CRD Discussion - WAM Timeline
  21. 21. All Assay Results Received to Date 21 Drill Hole From To Thicknes s Ag Ag Zn Pb (meters) (meters) (meters) g/t Oz/t % % WPC22-21 150 155.1 5.1 789 25.4 14.9 22 WPC22-22 161.6 184.3 22.7 293 9.4 9 20.3 including 161.6 168.6 7 557 17.9 16.7 21.8 WPC22-22 207 216.5 9.5 118 3.8 3.5 8.7 WPC22-22 245.7 300.3 54.6 187 6 6.2 5.1 including 271.1 274.6 3.5 1223 39.3 32.5 8.1 including 292.6 300.3 7.7 311 10 10.1 1.8 WPC22-20 166.6 178 11.4 284 9.1 14.8 10.9 including 166.6 175 8.4 322 10.6 12.1 12.8 including 166.6 168.2 1.6 474 15.2 24.7 14.3 including 173.9 175 1.1 883 28.4 12.2 45.2 WPC22-20 185.2 205.9 20.7 171 5.5 9.4 5.8 including 187.8 189.7 1.9 272 8.7 22.3 7.6 including 193.4 196.1 2.7 297 9.5 2.8 10.6 WPC22-18 147.2 248.9 101.7 160 5.1 5.4 5.3 including 158.6 165.8 7.2 349 11.2 7.3 9.7 including 191.7 195 3.3 358 11.5 7.2 10.6 including 223.8 242.3 18.5 355 10.8 2.2 13.5 WPC22-17 125.5 174.3 48.8 144 4.6 9 5.5 including 125.5 135.3 9.8 428 13.8 15.9 14.1 including 160.6 164.7 4.1 417 13.4 14.8 18.3 WPC22-13 150.1 152.9 2.8 1304 41.9 2.5 37.1 WPC22-13 158.4 160.8 2.4 820 26.4 15 13 WPC22-11 139.1 150.6 11.5 337 10.8 16.7 10 WPC22-11 152.7 156.3 3.6 151 4.9 22.3 5.1 WPC22-08 114.6 125.5 10.9 157 5 9.9 6.4 WPC22-07 136.4 142.5 6.1 459 14.8 12.1 14.8 WPC22-07 150.1 164.4 14.3 54 1.7 10.3 1.9 WPC 21-09 109.4 120.9 11.5 522 16.8 22.5 14.4 Drill Hole From To Thicknes s Ag Ag Zn Pb (meters) (meters) (meters) g/t Oz/t % %
  22. 22. Above numbered list common to all large known CRD deposits 22 World-renowned Silver Expert, Dr. Peter Megaw Co-Founder, MAG Silver Peter Megaw’s CRD Checklist 1. Location – Main Street CRD Belt 2. Ag (+400g/t), Au, Zn, Pb, Cu + Mn, Mo, As, W, V, Cd 3. Multiple mineralization and alteration stages 4. Large-scale zoning 5. Located at top of carbonate section (room to grow) 6. Presence of Felsite dikes 7. Discordant geometry (not syngenetic) 8. Replacement mineralization 9. High iron sphalerite 10. Pyrite pseudomorphs after pyrrhotite (not yet determined) 11. Molybdenum mineralization (not yet determined) 12. Granitic Stock Is the Illinois Mining district a major new CRD belt? May 2022 land acquisition along potential CRD belt
  23. 23. CRD Ore Body Geometries 23 Hand Skeletal CRD Geometries Santa Eulalia, Mex and Tintic, Utah Districts Two of the best study and documented worldwide CRD’s Up to 5 km of horizontal mineralization Santa Eulalia, Mexico Tintic, Utah Content courtesy of Dr. Peter Megaw
  24. 24. 24 Staked Mantos and Chimneys CRD Geometries Santa Eulalia, Mex 1000 meters of vertical mineralization Content courtesy of Dr. Peter Megaw CRD Ore Body Geometries
  25. 25. 25 Classic Porphyry Copper Zonation Patterns Content courtesy of Dr. Peter Megaw Hermosa’s Taylor Deposit contains a mineral resource estimate of 138Mt, averaging 3.82% zinc, 4.25% lead & 81 g/t silver, and remains open at depth and laterally.
  26. 26. Timeline

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