Platinex

Overview

Mining jurisdictions can make or break a company. An unstable jurisdiction can create frequent interruptions in exploration and development programs, making it difficult to operate a profitable mining operation. Ontario is a world-class mining jurisdiction known for its mining-friendly government, robust infrastructure and skilled local workforce. Additionally, Ontario contains several prolific mining districts including the Abitibi Greenstone Belt and the Ring of Fire. Recently, Ontario government has implemented several programs and investment measures to encourage investment in exploration and infrastructure related to the development of green/battery metals in Ontario with specific focus on the Ring of Fire.

Many deem the prolific Abitibi Greenstone Belt to be one of the world's most valuable gold mining districts and the most productive gold producing region in Canada. Since the 1990s, the geological marvel has yielded over 180 million ounces of gold and millions more in specialty and industrial metals. Several multi-million-ounce gold deposits present prospective mining companies with unparalleled exploration potential in the Abitibi. The Ring of Fire is one of Ontario's most promising mineral development opportunities and is known for high-grade cobalt, nickel, copper and platinum deposits.

Platinex (CSE:PTX) is a junior exploration and development mining company with two district-scale opportunities targeting gold, copper, nickel and PGEs. The company’s flagship project is its 100 percent owned Shining Tree gold project near the prolific Abitibi Greenstone Belt in Ontario, Canada. Additionally, Platinex recently acquired its 100 percent owned W2 Copper-Nickel-PGE project (formerly Lansdowne House) located in Ontario’s promising Ring of Fire. Both projects are in the discovery phase and have district-scale blue sky potential. W2 has seen past drilling by Inco and more recently Aurora Platinum/FNX and Shining Tree was an historical small scale gold producer. The company also has a royalty portfolio that provides additional opportunities for revenue growth.

The Shining Tree gold project is a consolidation of 21,720 hectares adjacent to the Côté Gold-Gosselin development project owned by IAMGOLD and the 2.3-million-ounce Juby gold deposit hosted by Aris Gold Corp. (TSX:ARIS). Additionally, the Shining Tree property intersects the same north-south fault with the West Timmins mine and the Ridout-Tyrrell deformation zone. The property hosts some 20 historic gold prospects with several underexplored areas across the prominent land package. Platinex recently acquired an additional 1,372 hectares adjoining its Shining Tree project, comprising 63 mining claims. The Company also acquired the past producing mine from Alamos Gold and has a small non-43 101 historical resources.

The company acquired its W2 project on favorable terms and is 100 percent owned by Platinex. Located within the Ring of Fire, the project contains promising deposits of copper, nickel and PGEs that provide the company with a diverse mineral portfolio to capitalize on multiple commodities markets. Previous owners have already conducted approximately US$5 million in exploration expenditures, including nearly 9,000 meters of drilling. The past drilling near surface demonstrated significant wide zone of continuous Cu-Ni mineralization and a lower zone of PGE mineralization. Within these wide zone of up to 200 metres there are higher grade section of Cu – Ni followed by a second horizon of PGE Cu-Ni. A few examples include:

• LH-01-05 and LH-01-06 are 4 km apart with no intervening drill holes. The apparent correlation of widely spaced holes suggests a high level of continuity in the Cu-Ni-PGE
  • Two wide intersections include LH-01-05 with 151.6 m at 0.57 percent CuEq or 0.971 g/t PdEq and LH-01-06 with 220.6 m at 0.56 percent CuEq or 0.956 g/t PdEq minerlization
• Holes LH-01-02, LH-01-05 and LH-01-06 were assayed for PGEs and Cu-Ni zone further at depth.
• LH-01-02 42 m at 1.756 g/t PdEq (up to 3percent Cu, 1 percent NI, 1 gt PGE)
• LH-01-05 17 m at 1.86 g/t PdEq
• LH-01-06 81.3 m at 1.196 g/t PdEq
• Copper and Nickel only - Hole 54017 61 m at 1.01 percent CuEq incl. 13.1 m of 2.06 percent CuEq and Hole 49182 20.91 m at 1.63 percent CuEq.

Platinex also operates a robust royalty portfolio, which provides gold, PGE, nickel, copper and chromium exposure. Key royalties include a 2.5 percent NSR royalty on production from the former Big Trout Lake property in northwestern Ontario. This asset is one of Canada's largest known PGE and chromium deposits.

The company has a solid capital structure with an attractive CAD$10 million market cap and a CAD$2 million cash position with no debt. Its tight shareholder portfolio consists mainly of board members & family (10 percent), HNW/institutions and strategic partnerships with companies such as Treasury Metals (TSX:TML) and Alamos Gold (TSX:AGI). The Company also has 25 percent held by European shareholders.

World-class management and a top-tier technical team lead Platinex. Their track record of success and extensive experience in mining, capital markets and finance sectors primes the company for tremendous economic growth and high-grade discovery potential. Greg Ferron, CEO, has over 20 years of experience within the mining industry and capital markets ranging from project development to investor relations. Graham Warren, CFO, brings 30 years of experience in the resource industry, domestically and internationally.

Company Highlights

• Platinex Inc. is a mineral exploration company focused on acquiring, exploring and developing highly prospective mineral projects across mining-friendly jurisdictions.
• Ontario is a world-class mining jurisdiction with mining-friendly laws, a trained local workforce and robust infrastructure.
• The company has created the most extensive combined gold-focused property package in the Shining Tree District with its 100 percent-owned Shining Tree gold project. The property spans 23,219 hectares southwest of the prolific Abitibi Greenstone Belt in Ontario, Canada.
• The Shining Tree gold project sits strategically between the Côté Gold-Gosselin development project owned by IAMGOLD and the 2.3-million-ounce Juby gold deposit hosted by Aris Gold Corp. As a result, the project boasts district-scale potential.
• Platinex recently acquired the W2 Copper-Nickel-PGE project in the Ring of Fire, a region that’s quickly emerging as one of the most promising districts for critical minerals. The project includes six distinct claims providing unique opportunities for exposure to different markets.
• Platinex also has an impressive royalty portfolio on gold, PGE and base metal properties in Canada Chile. This collection includes a 2.5 percent NSR royalty on production from the former Big Trout Lake property, one of Canada's largest known PGE and chromium deposits.
• Platinex boasts an impressive capital structure and tight shareholder portfolio. An advantageous CAD$10 million market cap and strategic shareholder ownership pose significant growth for the company.
• An experienced management team with diverse backgrounds builds confidence in the company’s ability to reach its development goals.

Key Projects

Shining Tree Gold Project

The Shining Tree gold property spans 23,219 hectares in the southwest portion of the Abitibi Greenstone Belt in Northern Ontario, Canada’s largest gold-producing region. The asset hosts excellent infrastructure, strategic positioning amongst some of the world’s most successful gold mines and initial discoveries of high-grade gold showings.

Shining Tree has seen limited modern exploration compared to other gold camps in the Abitibi Greenstone Belt but poses exceptional exploration potential. Its unique local intrusion structures have demonstrated the proliferation of known gold occurrences.

Project Highlights:

• Promising Exploration Results: A 2020 channel sampling program revealed a collection of 21 grab samples of quartz vein material, which were assayed for gold. Sample highlights include returned gold grades between 0.1g/t and 5.43g/t gold.
• Recently Expanded Project: In 2022, Platinex acquired an additional 63 mining claims, adjoining its Shining Tree property. This acquisition increased the company’s holdings to 23,219 hectares. The additional 1,372 hectares are located in the central-western portion of the Shining Tree area, land that was identified as a likely source of highly anomalous gold indication.
• Additional Drill Targets Being Evaluated: The company is currently compiling and evaluating exploration data by leveraging artificial intelligence to identify targets for upcoming exploratory drilling.

W2 Copper-Nickel-PGE Project

Located in the emerging Ring of Fire in Ontario, the 100 percent owned W2 project covers 15,973 hectares and provides polymetallic exposure. The project is 475 kilometers from Thunder Bay and 50 kilometers from the future Webequie Supply Road. Once completed within five years, the supply road will provide a year-round connection between the asset and the provincial highway network.

Project Highlights:

• Encouraging Mineralizations: The asset contains several promising mineralizations covering several minerals, including:
  • PGE reef: This 5-kilometer PGE deposit has received historical drilling that make it an ideal target for future campaigns.
  • Bulk-tonnage Copper-Nickel: Drill holes away from the PGE reef indicate lower-grade copper-nickel mineralizations.
  • CU-NI-PGE Deposits: VTEM/AeroTem II surveys have identified several untested conductors in the easter section of the project.
  • Shear-hosted gold: A 35-kilometer strike length on the west and northeast sides indicate the presence of gold deposits.
  • Titanium-Vanadium: The northern section of the project indicates iron-titanium-vanadium oxides for future exploration.
  • Chromite: Several locations have indicated potential to host layers of chromite.
• Ring of Fire Receiving Significant Funding: The federal budget dedicates CAD$250 million for new mining infrastructure, including the Ring of Fire. Ontario has also pledged C$1 billion to support developing the region’s infrastructure.
• Two-Phase Drill Program Planned: The company has a 5,000 drill program planned to infill and twin historic resource areas, in addition to drilling new targets based on exploratory data.

Management Team

Greg Ferron - Chief Executive Officer and Director

Greg Ferron has 20 years of mining industry and capital markets experience. He has held various senior-level roles in mining, corporate finance, and corporate development, including Laramide Resources Ltd., Treasury Metals Inc., TMX Group and Scotiabank. He currently serves on the board of directors at Fancamp Exploration Inc. and Platinex Inc.

Graham C. Warren, CPA, CMA - Director, CFO & Corporate Secretary

Graham C. Warren is a senior financial executive with over 30 years of experience in the resource sector both domestically and internationally. Warren has served as CFO and director of numerous public and private companies. He has had extensive involvement in all facets of organizations, including finance, human resources, sales, marketing and operations and has guided boards in their corporate governance obligations.

Felix Lee, P.Geo - Director

Felix Lee is an economic geologist and senior executive with over 30 years of experience both in Canada and internationally. Lee was the former president of the Prospectors and Developers Association of Canada.

Christophe Vereecke, MBA - Director

Christophe Vereecke is a businessman and entrepreneur based in Paris. He has a background in finance, oil and gas, mine royalties and renewable energy. Vereecke is currently a director of Treasury Metals Inc.

James R. Trusler, P. Eng. - Non Executive Chairman

James R. Trusler is a Chair Exploration Committee geological engineer with over 45 years of exploration experience and a history of discovery and strategic acquisitions of world-class gold, uranium and nickel-copper-platinum deposits. He has been involved in the discovery and drill definition of five nickel-copper-platinum deposits on the Raglan Nickel mine site hosted by the Glencore Group. Trusler has also supervised over ten field parties searching for uranium in the Athabasca Basin and led the exploration across 43 large properties throughout North America.

Sam Kiri, CFA, P.Eng, CMA - Director

Sam Kiri has over 20 years of capital markets and asset management experience in North America, Europe, and the Pacific Rim, with a primary focus on the mining and energy sectors. He was an equity analyst for the Scotia Pacific Rim Mutual Fund and one of the founders of Proactive Investors, a global media network which provides information on capital market activities, with considerable focus on the mining Sector. In addition, he is involved in cross border capital markets with ASX, and London AIM companies onto the Toronto Stock Exchange. Sam was involved in macro policy research with focus on the impact of geo-politics on the energy and mining sectors. His past and present clients include Medley Global Advisors (US), Zimmerman Adams International (UK), CRU Group (UK) and Roskill/Wood Mackenzie (UK) global research institution specialized in Battery Metals and Industrial Minerals. Sam’s education includes a B. Sc. In Mechanical Engineering – (Petroleum Refining) and he is a member of the Chartered Institute of Management Accountants (London).