Mining & Investment Latin America Summit 23-24 October 2017 › site › assets › files › 2269 › zinc_one... · 2018-02-05 · The historical resource estimate set forth in

WWW.ZINCONE.COM TSX-V: Z l OTC: ZZZOF l FSE: RH33

February 2018

Corporate Presentation

Zinc One Resources Inc. WWW.ZINCONE.COM TSX-V: Z l OTC: ZZZOF l FSE: RH33

Cautionary Statement on Forward-Looking Statements

Information set forth in this presentation contains forward-looking statements that are based on assumptions as of the date ofthis summary. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are notguarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actualperformance may be affected by a number of material factors, many of which are beyond their respective control. Such factorsinclude, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather,logical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potentialof Zinc One’s mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility thatrequired permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or otherunanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk ofenvironmental contamination or damage resulting from the exploration operations, ability to obtain sufficient financing toimplement its exploration, Zinc One receiving favorable economic studies on its mineral projects and development plans on ZincOne’s mineral properties and the need to comply with environmental and governmental regulations. Accordingly, actual andfuture events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed orimplied in the forward looking information. Except as required under applicable securities legislation, Zinc One undertakes noobligation to publicly update or revise forward-looking information.

Cautionary Statement on Historical Resource Estimate

The historical resource estimate set forth in this presentation was prepared by the previous operator, Corianta S.A. in an internalreport dated June 13, 2011 on the Bongará Zinc Oxide Mine. Although the historical resource estimate used “measureresources”, “indicated resources” and “inferred resources”, the historical estimate was not done in compliance with CIMstandards. Zinc One considers these categories relevant as it represents the Zinc One’s main target for exploration anddevelopment work on the Bongará Zinc Mine. Zinc One is confirming the reliability of the historical resource estimate and theinformation supporting the historical resource estimate. The qualified person has not done sufficient work to classify thehistorical estimate as a current mineral resource. Zinc One is not treating these historical estimates current mineral resources.

Qualified Persons

Bill Williams, Ph.D., CPG, COO and a director of Zinc One, is a qualified person as defined in National Instrument 43-101 –Standards of Disclosure for Mineral Projects, and has reviewed and approved all technical information in this presentation.

Forward Looking Statement

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1 year Chart

3

1-Year Stock Chart

Market Cap

52 week Range

C$49 M

C$0.305 - $0.90(As at February 2018)

Share Structure and Stock Chart

Issued & Outstanding

Stock Options

Warrants ($0.90 with May 3, 2019 expiration)

Fully Diluted

99.5 M

6.9 M

8.3 M

114.7 M


Jim Walchuck - President & CEO, Director

• Mining engineer with over 38 years experience in Engineering, Development and Operations

• International experience includes North America, Slovakia, the UK, Ghana, and Tanzania

• Previously Mining Manager for Barrick at the Bulyanhulu Gold Mine

Bill Williams - COO, Director

• Economic geologist (PhD) with over 38 years of experience in mining and oil & gas industries

• Extensive experience in South America (discovery of Haquira copper deposit, Peru)

• Former CEO and President of Orvana Minerals Corp.

• Former Vice President for Phelps Dodge Exploration

Greg Crowe – Director

• Professional geologist with more than 35 years of experience throughout North America, Latin America,

Africa and Southeast Asia

• Former President & CEO of Entrée Gold Inc.

Barry Girling – Director

• Active in various aspects of mineral exploration since 1977

• Provides consulting services to a number of TSX Venture Exchange companies

Gunther Roehlig – Director

• More than 15 years of experience in the financial and investment industry

• Specializes in restructuring, managing and financing junior public companies

Monica Hamm – VP, Investor Relations

• More than 20+ years experience in mining and environmental industry

• Former Senior Manager, Investor Relations at Entrée Gold Inc.

Directors And Management

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5-Year LME Zinc Warehouse Stocks Level

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Chart modified from kitco.com


Peru is a Global Leader in the Mining Sector

• World’s third largest producer of zinc.

• Attractive legal and tax regime designed to support

the industry.

• Steadily growing economy driven largely by mining.

• Immense potential for future development.

Peru – Mining Friendly

• A foreign investment law guarantees security

of foreign and domestic investments.

• There has been more than 50 years of

Canadian – Peruvian mining collaboration.

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Bongará Zinc Mine Project and Charlotte Bongará Zinc Prospect

▪ Past-producing high-grade zinc at surface

▪ Exploration potential along +6 km corridor

• Proven pyrometallurgical method recovers >90% from zinc

oxides, carbonates, and silicates

• Leverage to global zinc market

• Drill program on 124 platforms commenced January 2018

Zinc One: Focused on Pure Zinc Properties

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35-40% Zn

Zinc One Resources is a Canadian junior resource

company formed in 2016 focused on the exploration

and re-start of the Bongará Zinc Mine Project, Peru.

The Company is led by an experienced and

accomplished management team.


Bongará is host to surface and near-surface zinc mineralization with

some outcrops containing over 50% zinc locally.

• 100% interest in the Bongará Zinc Mine Project (11,125 hectares) in

north-central Peru

• Project includes several mineralized zones: Mina Grande (Sur, Centro,

Norte), Mina Chica, Bongarita, Campo Cielo and Cristal

Bongará Project - Overview

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Mina Chica

Bongarita

Mina Grande

Campo Cielo

Cristal• 2017 sampling results include:

▪ Channel samples up to 47.7% Zn over ~8 m and 29%

Zn over 51 m.

▪ Pit sample at 36% over 6 m.

• Management plans to issue a mineral resource

estimate and, subject to favorable economics,

place the Bongará Zinc Mine back into production

within 24-36 months.

• Surrounding communities support project

advancement.


Bongará Project - Corporate Objectives

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MINA GRANDE SUR

MINA GRANDE CENTRO

MINA GRANDE NORTE

MINA CHICA

BONGARITA

• Drill program commenced

January 2018;

▪ 124 drill platforms approved

▪ Better delineate and expand

known mineralization

• Issue new resource and PEA

• Environmental and feasibility

studies

• Re-start mine and generate

cash flow

• Explore to northwest ~6.0 km


Bongará Historical Mining – 2007-2008

• Open Pit (Quarry)

• 150,000 tonnes @ >20% Zn mined

• DSO (Direct Ship Ore) 540 km to coast

• Processed in Waelz kiln (pyrometallurgy) -

>65% con @ >90% recovery

• Shut down in 2008 due to decreased zinc

prices and global financial crisis

• Historical Measured + Indicated resource of

1,007,796 tonnes @ 21.61% Zn*

• Historical Inferred resource of 209,018

tonnes @ 21.18% Zn*

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*See Cautionary Statement on Historical Resource Estimate.


• Stratabound zinc-oxide mineralization

hosted by carbonate rocks

• Mina Grande Sur (Fase C) host rock is

primarily brecciated dolomite with zinc-

oxide mineralization occurring in matrix

and in fractures.

• Mineralization occurs along the axis

(Bongarita, Mina Grande Centro, Mina

Grande Sur) and eastern flank (Mina

Chica, Mina Grande Norte) of a plunging

anticline.

• Five aligned sampling pits at southernmost

extent of Mina Grande Sur include soil with

anomalous zinc the overlies high-grade,

zinc-bearing dolomites.

▪ Bottom of most sampling pits have not

penetrated footwall – sample thickness from

pits do not represent true thickness of

mineralization.

Bongará Geology

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Fractured dolomite

Sampling at Mina Grande Sur


Proposed Zinc Oxide Processing and Recovery

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Waelz kiln technology

• Commonly used to recycle zinc from electric-arc-furnace dust

• Simple on-site construction and operation

• Relatively low capital costs

• Comparatively high zinc recovery (>95%)

• Up to 70% zinc as oxide in final product


Bongará Project – 2017 - 2018 Surface Sampling

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Mina Chica8.1 m @ 47.7% Zn (channel)3.8 m @ 32.5% Zn (pit)19.7 m @ 25.65% Zn (channel)

• The high-grade zinc grades from the sampling program suggests that the Bongarita

and Mina Chica areas could hold significant potential.

• Most pit sampling to date has not yet reached base, or footwall, of mineralization thus

allowing for potential upside for high-grade zinc mineralization.

Bongarita1.9 m @ 31.0% Zn (outcrop)

Mina Grande Sur6.0 m @ 36.5% Zn (pit)32.2 m @ 31.92% Zn (channel)4.0 m @ 30.5% Zn (pit)51.2 m @ 29.0% Zn (channel)

See news releases from November 1, 2017, December 19, 2017 and January 25, 2018 for further information

Mina Chica

Bongarita

Camp Cielo

Mina Grande Sur

Mina Grande Centro

Mina Grande Norte


Potential for a District Play Hosting Multiple Deposits

• The current mineralized trend hosting the past-producing Bongará Mine extends over

6 km and well into the Charlotte Bongará concession based on surface sampling and

historic drill results.

o Early indications suggest the potential for similar high-grade deposits.

o Historical drill intercepts have included 15 m grading 29.5% zinc and 11.5 m of

29.7% zinc.

Charlotte Bongará Project – Exploration Potential

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Channel sampling with Zn resultsOutcrop of Zn and Fe oxides within weathered dolomite


Milestones

✓ Zinc One and Forrester Metals finalize Arrangement Resolution April 2017

✓ Zinc One purchases mineral rights June 2017

✓ Community Access Agreement approved by local authority July 2017

✓Ministry of Energy & Mines (MEM) accepts mine closure suspension August 2017

✓ Application for drill platforms to MEM October 2017

✓ Drill platforms approved by MEM December 2017

• Drilling commences at Bongará Zinc Mine Project January 2018

• Metallurgical testing Q1/Q2 2018

• Watts, Griffis and McOuat Ltd Engaged – New resource estimate Q2/Q3 2018

• Novopro Engineering Engaged – PEA expected Q2/Q3 2018

Production possible by 2020 subject to favorable economic studies

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Appendix

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• Bongarita and Mina Chica sampling program includes:

o 47.73% Zn over 8.1 metres from a dolomite,

o 25.65% Zn over 19.7 metres from a dolomite breccia, and

o 32.50% Zn over a 3.8-metre depth from a dolomite breccia.

• The high-grade zinc grades from the sampling program suggests that the Bongarita

and Mina Chica areas could hold significant potential.

• The drill program will aim to better delineate and expand the known mineralization at

the Bongará Zinc Mine Project.

• See news release from November 1, 2017 for further information.

Bongarita and Mina Chica Sampling Program Summary

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• Highlights from Mina Grande Sur (Fase C) sampling program include:

o Surface channel samples yielding:

o 31.92% Zn over 32.2 metres,

o 28.98% Zn over 51.2 metres, and

o 27.7% Zn over 45.0 metres

o Pit samples yielding:

o 36.50% Zn over 6.0 metres, and

o 30.5% Zn over 4.0 metres

• All samples were located in the southern end of 1.4 kilometre-long trend of zinc

mineralization in Mina Grande Sur (Fase C) zone.

• Pit sampling to date has not yet reached base, or footwall, of mineralization –

allowing for potential upside for additional high-grade zinc mineralization.

• Surface and pit sampling in addition to other data will help to better delineate and

expand the known mineralization.

• See news releases from December 19, 2017 and January 25, 2018 for further

information.

Mina Grande Sur (Fase C) Sampling Program Summary

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Zinc Inventories and Price

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Zinc visible inventories and price – last 12 months Zinc visible inventories and price – since 2001

Source: Bloomberg Finance LP; Canaccord Genuity


Few Deposits with High Grade

*Source Zinc One Resources

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Bongará Grade Rank’s Among the Top One Percentile

*Source Zinc One Resources

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Thank You

Contact Information

Suite 410 – 1040 West Georgia Street

Vancouver, BC, Canada

V6E 4H1

Phone: 604-683-0911

Calle Monterrey # 373 oficina 1001

Chacarilla del Estanque, Santiago de Surco

Phone: 51 1 5876441

Jim Walchuck

President & CEO

[email protected]

Monica Hamm

VP, Investor Relations

[email protected]

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Documents

Mining & Investment Latin America Summit 23-24 October 2017 › site › assets › files › 2269 › zinc_one... · 2018-02-05 · The historical resource estimate set forth in