BeMetals Investor Presentation_May 3, 2024.pdf

DerekIwanaka1 149 views 24 slides May 03, 2024
Slide 1
Slide 1 of 24
Slide 1
1
Slide 2
2
Slide 3
3
Slide 4
4
Slide 5
5
Slide 6
6
Slide 7
7
Slide 8
8
Slide 9
9
Slide 10
10
Slide 11
11
Slide 12
12
Slide 13
13
Slide 14
14
Slide 15
15
Slide 16
16
Slide 17
17
Slide 18
18
Slide 19
19
Slide 20
20
Slide 21
21
Slide 22
22
Slide 23
23
Slide 24
24

About This Presentation

A quick 24 page introduction to some of the highlights of BeMetals Corp.


Slide Content

BUILDINGTHEFUTURE
WITHMETALS
May2024
TSX-V:BMET
OTCQB:BMTLF
FRANKFURT:1OI.F
bemetalscorp.com

FORWARDLOOKINGSTATEMENTS
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
2
Thispresentationcontains"forward-lookingstatements"and“forwardlookinginformation”(asdefinedunderapplicablesecuritieslaws),basedonmanagement’sbestestimates,assumptionsand
currentexpectations.Suchstatementsincludebutarenotlimitedto,statementswithrespecttotheplansforfutureexplorationanddevelopmentoftheKazanGoldProject,PangeniCopper
Project,andtheacquisitionofadditionalbase/preciousmetalprojects.Generally,theseforward-lookingstatementscanbeidentifiedbytheuseofforward-lookingterminologysuchas"expects",
"expected","budgeted","forecasts","anticipates""plans","anticipates","believes","intends","estimates","projects","aims","potential","goal","objective","prospective",andsimilarexpressions,
orthateventsorconditions"will","would","may","can","could"or"should"occur.
Thesestatementsshouldnotbereadasguaranteesoffutureperformanceorresults.Suchstatementsinvolveknownandunknownrisks,uncertaintiesandotherfactorsthatmaycauseactual
results,performanceorachievementstobemateriallydifferentfromthoseexpressedorimpliedbysuchstatements,includingbutnotlimitedto:risksrelatedtotheKazanGoldProjectand
PangeniCopperProject;risksrelatedtogeneraleconomicconditions,actualresultsofcurrentexplorationactivities,unanticipatedreclamationexpenses;fluctuationsinpricesofbaseandprecious
metals;fluctuationsinforeigncurrencyexchangerates,increasesinmarketpricesofminingconsumables,possiblevariationsinresourceestimates,gradeorrecoveryrates;titledisputes,claims
andlimitationsoninsurancecoverageandotherrisksoftheminingindustry;delaysinthecompletionofexplorationactivities,changesinapplicablegovernmentregulationofminingoperations,
taxrulesandregulations;uncertaintiesaroundraisingsufficientfinancinginatimelymannerandonacceptableterms;andpoliticalandeconomicdevelopmentsincountriesinwhichtheCompany
operates.AlthoughtheCompanyhasattemptedtoidentifyimportantfactorsthatcouldcauseactualresultstodiffermateriallyfromthosecontainedinforward-lookingstatements,theremaybe
otherfactorsthatcauseresultsnottobeasanticipated,estimatedorintended.Therecanbenoassurancethatsuchstatementswillprovetobeaccurate,asactualresultsandfutureeventscould
differmateriallyfromthoseanticipatedinsuchstatements.Theforward-lookingstatementsandforwardlookinginformationaremadeasofthedatehereofandarequalifiedintheirentiretyby
thiscautionarystatement.TheCompanydisclaimsanyobligationtoreviseorupdateanysuchfactorsortopubliclyannouncetheresultofanyrevisionstoanyforward-lookingstatementsor
forwardlookinginformationcontainedhereintoreflectfutureresults,eventsordevelopments,exceptasrequirebylaw.Accordingly,readersshouldnotplaceunduerelianceonforward-looking
statementsandinformation.PleaserefertotheCompany’smostrecentfilingsunderitsprofileatwww.sedar.comforfurtherinformationrespectingtherisksaffectingtheCompanyandits
business.
CautionarynotetoUnitedStatesinvestorsconcerningestimatesofmeasured,indicatedandinferredmineralresources.
ThispresentationcontainscertaindisclosurethathasbeenpreparedinaccordancewiththerequirementsofCanadiansecuritieslaws,includingCanadianNationalInstrument43-101(“NI43-101”),
whichdifferfromthecurrentrequirementsoftheU.S.SecuritiesandExchangeCommission(“SEC”)setoutinIndustryGuide7.Inparticular,thispresentationrefersto“mineralresources,”
“measuredmineralresources,”“indicatedmineralresources,”and“inferredmineralresources.”WhilethesecategoriesofmineralizationarerecognizedandrequiredbyCanadiansecuritieslaws,
theyarenotrecognizedbyIndustryGuide7andarenotnormallypermittedtobedisclosedinSECfilings.UnitedStatesinvestorsarecautionednottoassumethatalloranyofmeasured,
indicatedorinferredmineralresourceswilleverbeconvertedintomineralreserves.UnderIndustryGuide7,mineralizationmaynotbeclassifiedasa“reserve”unlessthemineralizationcanbe
economicallyorlegallyextractedatthetimethe“reserve”determinationismade."Inferredmineralresources"haveagreatamountofuncertaintyastotheirexistenceandeconomicandlegal
feasibility.Itcannotbeassumedthatalloranypartofaninferredmineralresourcewilleverbeupgradedtoahighercategory.Disclosureof"containedounces"inaresourceispermitteddisclosure
underCanadianreportingstandards;however,IndustryGuide7normallyonlypermitsissuerstoreportmineralizationthatdoesnotconstitute"reserves"byIndustryGuide7standardsasin-place
tonnageandgradewithoutreferencetounitmeasures.
JohnWilton(CGeolFGS),President,CEOandDirectorofBeMetalsCorp.isthe“qualifiedperson”forthepurposesoftheNationalInstrument43-101StandardsofDisclosureforMineralProjects
(NI-43-101),andhehasreviewedandapprovedthetechnicaldisclosurecontainedinthispresentation.

INVESTMENTHIGHLIGHTS-VALUEPROPOSITION
TopMineFinders,Builders&Operators: Foundershavediscovered,constructed, &operatedseveralminesworldwide.
AccesstoCapital: BMEThassecuredCA$36.8Mtodate,includingsignificantfundingfromB2GoldCorp.
AccesstoIncomingDealFlow: PortfoliocurrentlyincludesthePangeniCopperProjectinZambiaandKazanGoldPortfolio
inJapan(“Kazan”).TheCompanyisalsocontinuingtoevaluateadditionalhigh-valueprecious&basemetalopportunities.
Strongly BackedToDeliverPotentialNear-TermCatalysts&FutureGrowth:
1)StrongfinancialsupportfromB2GoldCorp.includinga$7.5Mequityinvestment.
2)PotentialforTier1discoveryatthePangeniProjectwherearecentsignificantdrillingresultintercepted18.10m@
0.70%Copperandthemineralizedarearemainsopenalongstrikebeneathshallowsandcover.Current core drilling
campaign commenced in March 2024 andresults expected in Q2-Q3 2024.
3)AdvancingKazanportfolio,includingupdatingourgeologicalmodelforour KatoProject
BUILDINGTHEFUTUREWITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
3

BOARDOF DIRECTORS&MANAGEMENT
MARKCONNELLY
NON-EXECUTIVECHAIRMAN-INDEPENDENTDIRECTOR
FormerManagingDirectorofASXlistedPapillonResources(previousownerof
theworld-classFekolaDeposit),whichmergedwithB2Goldin2014.AsCEOand
ManagingDirector,healsoledthemergerbetweenPerth-basedAdamus
ResourcesandEndeavourMiningCorp.in2011.WinneroftheMiningJournal’s
CEOoftheYearAwardin2014.
CLIVEJOHNSON
INDEPENDENTDIRECTOR
FounderofBemaGoldandB2Gold(NYSE:BTG,TSX:BTO).Currentlyservesas
President,CEO&DirectoratB2GoldandpreviouslyatBemaGold(NYSE&TSX:
BGO).CollectivelyhehasraisedoverUS$2billioninequityanddebtfinancings
fortheconstructionofnumerousprofitableoperatingminesaroundtheglobe.
Today,B2Goldhasgrowntobecomealeadingseniorgoldproducer.
TOMGARAGAN, BSc(Honours)Geology
INDEPENDENTDIRECTOR
FounderofB2Gold.FormerlySeniorVicePresident,ExplorationatB2Gold
(NYSE:BTG,TSX:BTO)andpreviouslyatBemaGold(NYSE&TSX:BGO).He
hasledtheexplorationteamswhichhavediscoveredover32millionouncesof
gold,6billionpoundsofcopperand56millionouncesofsilver.Histeams’
discoveriesincludeRefugioandCerroCasaleinChile,aswellasKupolinfar-east
Russia.
ROGERRICHER, BA,LLB
INDEPENDENTDIRECTOR
FounderofBemaGoldandB2Gold(NYSE:BTG,TSXBTO).FormerlyExecutive
VicePresident,GeneralCounsel&CorporateSecretaryofB2Goldandpreviously
atBemaGold(NYSE&TSX:BGO).Currentlyconsultsforthelegalaffairs,
corporaterecordsandcorporategovernanceofB2Gold. HehasaBachelorof
ArtsandaBachelorofLawdegreefromtheUniversityofVictoria.
JOHNWILTON, BSc(Honours)Geology
PRESIDENT,CEO&DIRECTOR
31yearsofexperienceinthemineralsindustryincludingrolesrangingfromtarget
generationtofeasibilitystudiesandbusinessdevelopmentforbaseandpreciousmetals.
From2010-2017,hewastheRegionalExplorationManagerofAfricaatAntofagastaPLC.
Hewasalsoaprincipalmemberofboththediscoveryandresourcedevelopmentteams
oftheOtjikotoGoldMineinNamibiawithAnglovaalMining.Co-recipientoftheHenno
MartinMedalfromtheNamibianGeologicalSocietyforhisroleinthediscovery.
NICKFURBER, CA(UCAEW),CFA
CHIEFFINANCIALOFFICER
Has26yearsexperience inmanagementandprovidingfinancialadvisoryservices
forprivateandpublicly traded companies. Over10yearsasCFOandCorporate
SecretaryofDynastyMetals&Mining,whichevolvedfromajuniorgoldexploration
companyintoaTSXlisted gold producer.10+yearswithPricewaterhouseCoopers
focusedonaccounting, M&A,valuationsandduediligence.
DEREKIWANAKA, B.Comm(Marketing)
VICEPRESIDENT,INVESTORRELATIONS&CORPORATE DEVELOPMENT
Bringsawealthofinvestorrelations,marketingandfundraisingexperience. Duringhis20
yearsintheminingsectorhehasbuiltanextensivenetworkofanalysts,newsletter
writers,retailbrokersandinstitutionalinvestors.HestartedhiscareerwithBemaGoldin
2002andhassincebeeninstrumentalin20mergers,acquisitions,anddivesturesofgold,
silver,nickel,anduraniumpropertiesandcompanies.
KRISTENREINERTSON
CORPORATESECRETARY&DIRECTOR
Hasover12yearsofexperienceincorporateadministrationandfinancial
advisoryservicesforpubliccompaniesinthenaturalresourcesector.Shehas
actedasCorporateSecretaryandChiefFinancialOfficerfornumerous
Canadianlistedcompanies.
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
4

TECHNICALADVISORS
RICHARDSILLITOE, Ph.D.
TECHNICAL ADVISOR-ECONOMICGEOLOGIST
World-renownedeconomicgeologistwhohasbeenan
economicgeologicalconsultantforover43yearsandhas
workedinmorethan100countries.Hehasmademajor
contributionstothediscoveryofavarietyofdepositsandhas
authoredover130economicgeologyarticlesaswellasthree
books.Specializesindepositmodelingusingfield
observationsanddrillcore.
DENNISSTANSBURY, BSMiningEng.
TECHNICALADVISOR-MININGENGINEER
FounderofB2Gold.CurrentlySeniorVicePresident,Engineering
&ProjectEvaluationsatB2Gold(NYSE:BTG,TSX:BTO)andwas
previouslyVicePresident,Production&DevelopmentatBema
Gold. Hehasover43yearsofengineering,construction,
productionandmanagementexperienceatsurfaceand
undergroundminesin15countries.Ledthedevelopmentteams
incompletingfiveminesonscheduleandonbudget.
Discoveredmorethan
34Moz
ofgold,56Mozof
Silverand6Blbsof copper
(1)
Producedover10.5Mozofgold
generatingoverUS$13.9Bin
goldsalesrevenue
(1)
RaisedinexcessofUS
$3.0B
andhaveconstructedandor
operated10minesglobally
(1)
Ledbytopminefinders,buildersandoperatorswhohavecollectively:
(1)AllnumbersarecalculatedusingconsolidateddatafromBemaGoldCorp.andB2GoldCorp. asat yearend2023.
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
5

PROVENTRACKRECORDOFCREATINGVALUE:
OURCOMPETITIVEADVANTAGE
KupolGoldMine,Russia
B2Gold-OtjikotoGoldMine,Namibia
1988
InitialMarket
Capitalization:
C$34M
Acquiredby
Kinrossfor
C$3.5B
+10,286%
GROWTH
2007
InitialTSX-V
MarketCapitalization:
C$12M
2018 2024
MarketCapitalization:
C$15M (1)
InitialMarket
Capitalization
:
C$100M
2007
MarketCapitalization:
C$4.5B (1)
2024
BMET-PangeniCopperProject,Zambia
BUILDINGTHEFUTUREWITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
6
+4,500%
(1)
GROWTH
(1)Marketcapitalizationsand%growthare calculatedwiththe closingsharepricesonMay 2,2024
B2Gold-FekolaGoldMine, Mali
+25%
(1)
GROWTH

B2GOLDISACORNERSTONESTRATEGICINVESTOR
B2Goldhasprovidedsignificantfundingtodateandiscurrentlya19%shareholder
B2Goldisa low-costseniorgoldproduceroperatingminesinthePhilippines,NamibiaandMali.
BenefitstoBeMetals:
•ValidationofBMET’smanagement,directorsandstrategy
•Providesfinancial&technicalsupportfor;explorationinJapanandZambia,
aswellasforevaluatingnewacquisitionopportunities
•B2Goldwillactas apipelineforappropriatelyscaledbutpotentially
high-valueprecious&basemetals(copper)projects
BenefitstoB2Gold:
•ProvidesexposuretoqualitymineralprojectsthatmaynotinitiallymeetB2Gold’s
investmentcriteria(i.e..Earlierstagegoldprojects&basemetalprojects)
•UnlocksvalueandallowsforadditionalfocusontheKazanGoldProject
•PositionsB2Goldasanearlycornerstoneinvestorinanemergingprecious
andbasemetalsexplorationanddevelopmentcompany
BUILDINGTHEFUTUREWITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
7

BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
8
CORPORATEBASE
VANCOUVER,CANADA
PANGENIPROJECT
WESTERN,ZAMBIA
World-class copperdiscoverypotential
alongtheCentralAfricanCopperBelt
whereover220milliontonnesofCuhas
beenhistoricallyproduced,largelyfrom
high-grademines.
OURGROWTHSTRATEGY
Assembling a portfolio ofadvancedtoearlystagecopper and goldprojectswith extensive exploration potential
KAZANGOLDPROJECT
HOKKAIDO&KYUSHU,JAPAN
Fiveprojectswithhigh-gradegold
discoverypotential

THEWORLDNEEDSMETALS
GoldPreservesWealth
•Usedforjewellery,electronics andforcoins&bullion(Protection
duringtimesoffinancialuncertainty)
•Valuevs.globalgovernmentdebt
CopperisEssentialfortheEnergyTransition
BUILDINGTHEFUTUREWITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
9

Totalcombinedcopperproductionfromthetop10minesisonly4.72Mt
THEWORLDNEEDSMORECOPPER
(1)DataSource:https://www.statista.com/statistics/1126679/leading-copper-mines-based-on-output-
worldwide/#:~:text=The%20Escondida%20mine%20in%20Chile,produced%20at%20the%20Escondida%20mine..
World’sTop10LargestCopperMinesin2022
(1)
Significantsupplyrequired tofillrisingdemandgap
(2)
(2)DataSource:RBCCanadianEquityChartBook–January30,2024
future.”
BUILDINGTHEFUTUREWITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
10
“FollowingtheshutdownofCobrePanamaandsupplycutsfromAngloAmerican,
theconsensusforecastofsurplusforrefinedcopperin2024hasnowturnedtoa
deficit.Regardlessofthedeficitsize,giventheleadtimesfornewproject
development,webelievethecoppermarketwillbetighteningfortheforeseeable
-PierreVaillancourt,BaseMetalsAnalyst
(3)

BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
16
TIER1TARGETEDEXPLORATIONUNDERTHINCOVERALONG
THEPROLIFICZAMBIANCOPPERBELT

WHY ZAMBIA?
ZAMBIAN NEWS HIGHLIGHTS
•The Lumwana Mine is building a“Super Pit”to increase copper
production to 240ktpafrom 2028.
•TheKansanshi Mineis proceeding with its US$1.25BS3
Expansion project to extend the life of mine and boost copper
production to up to 180ktpafrom 2025.
•Bill Gates /Jeff Bezos backed AI exploration company, Kobold
Metals has recentlyannounced a large high-grade copper
project on the eastern side of the Zambian Copperbelt
•AngloAmericanis investinguptoUS$88.5Minan Zambian
exploration JVwithArcMineralsLtd in the Domes Region.
•The Lobito Corridor project is a 1,300km railway upgrade that
will link the copperbelt of Zambia and DRC to the western
seaboard port of Lobito.
12
•Zambia is a mature democratic country with a long history of world class mine developments.
•The current President Hakainde Hichilema (“HH”) has announced he wants Zambia’s mining sector to be expanded.
•The Zambian and CentralAfricanCopperbelt(“Copperbelt”)hostsnumerousworld-classcoppermines,majordevelopments
andregionalexploration projects.
Pangeni Copper Project
Lumwana
Kamoa-
Kakula
Kansanshi
Sentinel
Regional Copper Mines

•SearchingforTier-Onesediment-hosteddepositsinone ofthe
mostprolificcopperdistrictsintheworld.
•ExplorationonwesternsideoftheCopperbelthashistorically
beenchallenged duetoanextensivelayerofKalaharisand
maskingmuchoftheunderlyingbedrockgeology.
•The Pangeni property isfavouredwithathinlayerofsand cover
(avg.25mthickness) whichsignificantlyreducestheexploration
drilling costsandimprovesprobabilityofdiscoverysuccess.
•Co-investingpartnerJapanOrganizationforMetalsandEnergy
Security(“JOGMEC”)hasfunded ~C$3.6MtoDec. 31, 2023,and is
covering27.8%ofpro-rataexplorationexpensesgoingforward.**
PANGENICOPPEREXPLORATIONPROJECTINZAMBIA
*AngloAmericaninvestinguptoUS$88.5MinZambian JVwithArcMineralsLtd.SeeArcMineralsnews
releasesdatedApr.20,2023andDec.5,2022formoredetails
**Pangeni Project rights are secured under an option agreement with JOGMEC, Copper Cross Zambia and
Pangeni Mineral Resources.
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
13
Konkola
Mufulira
Baluba/Luanshya
Nchanga
Nkana
Lumwana
200km
ZAMBIA
ANGOLA
DRC
Kamoa-
Kakula
Kolwezi
Kansanshi
Sentinel
CentralAfricanCopperbelt
Pre2000Discovery/MineDevelopment
Post 2000Discovery/MineDevelopment
PANGENICOPPERPROJECT
*

THEPROLIFICDOMESREGIONOFZAMBIA
Source:GeologyandGeochemistryOftheKansanshiCu-(Au)Deposit,NorthwesternProvince,Zambiaby
TimothyJ.MacIntrye
Meas.&Ind.Resources:DomesRegionCuDeposits
1)Source:https://www.barrick.com/English/operations/lumwana/default.aspx2)Source:https://www.first-quantum.com/English/our-operations/operating- mines/kansanshi/reserves-and-resources/default.aspx
3)Source:https://www.first-quantum.com/English/our-operations/operating- mines/sentinel/reserves-and-resources/default.aspx
4)Source:https://www.first-quantum.com/English/our-operations/operating- mines/kansanshi/production- statistics/default.aspx
5)Source:https://www.first-quantum.com/English/our-operations/operating- mines/sentinel/production- statistics/default.aspx
MineName
Tonnage
(Mtonnes)
Cu
Grade
(%)
ContainedCu
(MTonnes)
ContainedCu
(Blbs)
2022Cu
Production
(Tonnes)
Lumwana
(1)
1,360 0.52 7.1 15.5 121,109
Kansanshi
(2)
845 0.66 5.6 12.3 146,282
(4)
Sentinel
(3)
762 0.46 3.5 7.7 242,451
(5)
PangeniCopperProject
BUILDINGTHEFUTUREWITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
14

PANGENI: PROVEN EXPLORATION METHODOLOGY
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
1.AirborneMagnetics
mapgeologybelowthe
Kalaharisandcover.
2. Shallow Aircore Drilling
sample bedrock below the
sand.
4.CoreDrilling isused
tofollow-uponcopper
anomalies.
14
3. Field pXrf Laboratory
analyze samples onsite for real-time data.

BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
16
PANGENICOPPERPROJECT–DPROSPECTPLANMAP
A B
Cross Section (Looking Northeast)
Multiple or Stacked Zones of Cu Mineralization,
including 18.10 m grading 0.70% Cu
Cu mineralization intersected over 1.5km strike

CoreIntersectionsHighlights
(ExcludingD-Prospect):
PreviousDrilling
•CT1:[email protected]%Cufrom39.00m
•SW1:[email protected]%Cufrom142.50m
In2019
•E2-C1:[email protected]%Cufrom145.0m
•E2-C3:[email protected]%Cufrom242.20m
In2021
•Q3-C1:[email protected]%Cufrom92.36m
In2022
•HoleG2-C1:[email protected]%Cufrom157.58m
•Including:[email protected]%Cufrom 163.58m
•HoleP1-C1:[email protected]%Cufrom158.80m
Resultsof2023drillingtodate(Seeprevious slide)
PANGENIPROJECT:LICENCESCALECOPPERINTERSECTIONS
BUILDINGTHEFUTUREWITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
17

BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
9
THEKAZANGOLDPROJECT:
APORTFOLIOOFHIGHLYPROSPECTIVEGOLDPROPERTIES
IN JAPAN

WHYJAPAN?
200km
BeMetals(B2GoldShareholder)
JapanGold(BarrickAlliance/NewmontShareholder)
IrvingResources(NewmontShareholder)
Konomai
Kato
Todoroki
Tashiro
Hokusatsu
Hokkaido
Honshu
Shikoku
Kyushu
SAPPORO
•Japanhasarichhistoryof goldmining,yethasseenlittlemodernexplorationsinceWWII
•Depositstendtobe low-sulphidationepithermal,knownforhostinghigh-gradegoldbearing
quartzveins,amenabletoundergroundmining,typicallywithsmallenvironmentalfootprints
•JapanhasattractedinvestmentsfromseniorproducerssuchasB2Gold,BarrickGold&Newmont
•Sumitomo’sHishikariMineisaprimeexampleandisoneofthehighestgrade operating
goldminesintheworld(Produced>9Mozatanaverageheadgrade of30-40g/tAu)
(1)
(1)SumitomoMetalMiningCoLtd.websitehttps://www.smm.co.jp/E/
Quartz-veinhosted sample
fromHishikari AerialviewofHishikariMineinKyushu
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
19

KAZANGOLDPORTFOLIOOVERVIEWINJAPAN
TARGET
Hokusatsu
(Gold)
Tashiro
(Gold)
Konomai
(Gold)
Todoroki
(Gold&Silver)
Kato
(Gold)
CURRENTSTATUS
PROJECT&METALFOCUS WORKPLANS
Drillinghas extended high-
gradezoneofSetaVein and
identifiedandexpanded
KamitakeVein
Pursuingsignificantextensions
ofpastproducinghigh-grade
Au-Agveins
Recentlycompletedsoilandrock
chipsampling nearhistorical
OtowaMine
Following-uponhistoricalhigh-
gradeveinintersectionsatNoya
Zone&NoyaSWtargets
TracingAumineralizationsettings
alongstrikeofHishikari.Property
hostspastproducingOkuchiMine
&adjacenttohistoricalFukeMine
Largescaleexploration
footprintwithevolving
multiplezonesofmineralization
Recently received assay results
for 2023 drilling phase
Datafromrecentmagnetic
surveyhasbeenincorporated
withhistoricaldrillingtodefine
atleast3drilltargets
Completedphaseof
reconnaissancemappingand
nowcompilinghistoricaldata
sets
LocatedjustnorthofJapan’s 2
nd
largestpastproducingKonomai
Mine
Incorporating recent drilling
resultsdataintoinitial internal
geologicalmodeland planning
for future drilling targets
Compilingrecentresultsto
updategeologicalmodeland
generatenewdrillingtargets
Assessing 2targetsfor 2024
Completestreamsediment
samplingandintegratewithOkuchi
Minedataforgeneratingdrill
targets
Basedonexistingsamplingresults
completefurthersoilsurveysand
combinewithgeologicaldatato
generatedrilltargets
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
20

KATO GOLDPROJECT,HOKKAIDO-PLANMAPOFGEOLOGY
•Extendinghigh-gradeSeta& Kamitake
veinsalongstriketo southeastof
propertywith additionaldrillingprograms
•Expectingincreasedgoldgrade
continuity&tenorfurtherat depth
•Compiling latest data to generate future
drill targets
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
21
Hole & Interval
From
(m)
To
(m)
Core
Interval
(m)
Au Grade
(g/t)
Comments
KT22- 11:
Interval 1: 226.0 236.8 10.8 0.43 Stockwork Zone
Interval 2: 236.8 248.3 11.5 6.42 Seta Vein Zone
(1)
Including: 239.6 248.3 8.7 7.8
Including: 239.6 244.12 4.52 11.88
Interval 3: 248.3 253.2 4.9 0.76 Stockwork Zone
(1)
KT22- 12:
Interval 1: 172.25 189.0 16.75 0.58 Kamitake Vein Zone
(1)
Interval 2: 229.0 237.0 8.0 0.57 Stockwork Zone
(1)
Interval 3: 237.0 263.1 26.1 3.06 Seta Vein Zone
Including: 239.7 249.9 10.2 4.88
Including: 239.7 244.75 5.05 5.76
KT23- 17
Interval 1: 38.2 38.75 0.55 1.9
Interval 2: 49.2 49.9 0.7 1.88
Interval 3: 78.5 82.1 3.6 2.12
Including: 79.1 80.1 1.0 6.31
Interval 4: 88.1 93.7 5.6 0.5
Interval 5: 97.2 105 7.8 0.51
Interval 6: 146.45 149.6 3.15 1.18
Including: 146.45 147.2 0.75 3.32
KT23- 18 Did not reach Seta Vein
Interval 2: 88.26 98.8 10.54 1.28
Including: 88.26 89.63 1.37 4.48
Interval 3: 129.95 131.16 1.21 1.36
Interval 4: 184.97 188.95 3.98 0.64 Kamitake Vein
Interval 5: 229.6 236.3 6.7 2.48
Including: 229.6 231.5 1.9 7.5
KT23- 19
Interval 1: 243.9 250.3 6.4 1.74
Including: 248.6 250.3 1.7 5.58
Interval 2: 278.0 283.6 5.6 3.29 Seta Vein
Including: 278.0 279 1.0 9.46
Also including:280.62 281.05 0.43 9.65

CORPORATEOVERVIEW(AsatMay 2,2024)
CAPITALSTRUCTURE
BMETSHAREPERFORMANCE(1Year)
Issued
177.4M
ENTERPRISEVALUE
MarketCap
~C$15M
Cash
~C$2.6M
(1)
Debt
C$6.8M
(2)(3)
SHAREOWNERSHIP
FullyDiluted
215.55M
(3)
Options
17.0M
(1)Cashpositionas of December 31,2023quarterlyfinancialreport
(2)C$6.8Mloanwith fromB2Gold,maturesAug4,2025withinterestrateof4.7%pa andinterestisaccrued
annuallyandisrepayablein partofinfullanytime withoutpenalty.
(3)BMET has a total of C$5.3M convertible debt outstanding with B2Gold as of January 2024.
47%
20%
19%
14% Retail
Insiders&Advisors
B2Gold
Institutional
BUILDINGTHEFUTURE WITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
22
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
$0.00
$0.02
$0.04
$0.06
$0.08
$0.10
$0.12
$0.14
$0.16
$0.18
$0.20
Volume in thousands
Share Price (CD$)
Volume Traded BMET Price

INVESTMENTHIGHLIGHTS-VALUEPROPOSITION
TopMineFinders,Builders&Operators: Foundershavediscovered,constructed, &operatedseveralminesworldwide.
AccesstoCapital: BMEThassecuredCA$36.8Mtodate,includingsignificantfundingfromB2GoldCorp.
AccesstoIncomingDealFlow: PortfoliocurrentlyincludesthePangeniCopperProjectinZambiaandKazanGoldPortfolio
inJapan(“Kazan”).TheCompanyisalsocontinuingtoevaluateadditionalhigh-valueprecious&basemetalopportunities.
Strongly BackedToDeliverPotentialNear-TermCatalysts&FutureGrowth:
1)StrongfinancialsupportfromB2GoldCorp.includinga$7.5Mequityinvestment.
2)PotentialforTier1discoveryatthePangeniProjectwherearecentsignificantdrillingresultintercepted18.10m@
0.70%Copperandthemineralizedarearemainsopenalongstrikebeneathshallowsandcover.Current core drilling
campaign commenced in March 2024 andresults expected in Q2-Q3 2024.
3)AdvancingKazanportfolio,includingupdatingourgeologicalmodelforour KatoProject
BUILDINGTHEFUTUREWITHMETALS TSX-V:BMET|OTCQB:BMTLF|Frankfurt:1OI.F|bemetalscorp.com
23

CONTACT US
BeMetals Corp.
Suite 3400, 666 Burrard Street
Vancouver, BC Canada V6C 2X8
Web: www.bemetalscorp.com
Derek Iwanaka
Vice President, Investor Relations &
Corporate Development
Email: [email protected]
Tel: +1.604.928.2797
24
FOLLOW US ON:
@BeMetals