Bringing the Power of SALT to Investors

Deposit

SALT

Potential Decades-Long Salt Production.

Great Atlantic Salt Deposit Highlights:

  • NI-43-101 independently verified Inferred resource of 908 million tonnes grading 96.9% salt using a 95% NaCl cut-off grade (North American de-icing standard) as per table below
  • Resource modelling based on previous drilling indicates a “tremendous continuity” of the salt resource with average thickness of 200 m to 250 m
  • Distance to the top of the salt formation varies from 200 m to 400 m
  • Great Atlantic and Compass Minerals’ Goderich mine (in operation since the 1950’s) share similar geological characteristics
SALT

We're building a Salt Factory.

Our Vision:

  • Atlas Salt envisions an environmentally friendly, low-cost operation using the latest technologies in underground salt mining
  • This planned state-of-the-art “Salt Factory” would be the first new underground salt mine in Atlantic Canada in 60 years
  • Ongoing Feasibility Study being carried out by SLR Consulting (Canada) will determine if deposit can be accessed through a ramp/decline, providing maximum flexibility and scalability, or a shaft
  • Great Atlantic is a homogeneous resource and therefore carries limited geological and development risks – no metallurgical or chemical processing issues typical with traditional metal deposits
  • Simple physical processing – mine, crush, screen and load – in a very favorable jurisdiction that’s eager to push additional industrial development

Slide
SALT

NI 43-101 Resource Estimate

     Independently Verified

NaCl lower cut-off (%)Volume (M3)Tonnes (million)Density (g/cm3)NaCl (%)Tonnes in-situ (million)
88682,000,0001,4732.1695.31,405
89677,000,0001,4622.1695.41,395
90672,000,0001,4512.1695.41,385
91653,000,0001,4102.1695.61,348
92602,000,0001,3012.1695.91,248
93557,000,0001,2032.1696.21,157
94499,000,0001,0782.1696.51,040
95420,000,0009082.1696.9880
96304,000,0006572.1697.4640
97190,000,0004102.1697.9401
9871,000,0001542.1698.6152
9917,000,000372.1699.337

The maiden Inferred resource at Great Atlantic (highlighted) is reported as a total volume and tonnage using a nominal bulk density of 2.16 g/cm3 and a cut-off of 95% NaCl (de-icing market standard). The disposition of the deposit is also shown by iteratively estimating the tonnage at varying cut-offs.

This resource was independently prepared by APEX Geosciences Ltd. in accordance with National Instrument 43-101 and is dated January 11, 2016.

Note 1: Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve.

Note 2: The quantity of reported Inferred resource in these estimations are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource, and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured resource category.

Note 3: The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing or other relevant issues.

Note 4: Tonnes have been rounded to the nearest 1,000,000 (numbers may not add up due to rounding).

NaCl lower cut-off (%)Volume (M3)Tonnes (million)Density (g/cm3)NaCl (%)Tonnes in-situ (million)
88682,000,0001,4732.1695.31,405
89677,000,0001,4622.1695.41,395
90672,000,0001,4512.1695.41,385
91653,000,0001,4102.1695.61,348
92602,000,0001,3012.1695.91,248
93557,000,0001,2032.1696.21,157
94499,000,0001,0782.1696.51,040
95420,000,0009082.1696.9880
96304,000,0006572.1697.4640
97190,000,0004102.1697.9401
9871,000,0001542.1698.6152
9917,000,000372.1699.337

The maiden Inferred resource at Great Atlantic (highlighted) is reported as a total volume and tonnage using a nominal bulk density of 2.16 g/cm3 and a cut-off of 95% NaCl (de-icing market standard). The disposition of the deposit is also shown by iteratively estimating the tonnage at varying cut-offs.

This resource was independently prepared by APEX Geosciences Ltd. in accordance with National Instrument 43-101 and is dated January 11, 2016.

Note 1: Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve.

Note 2: The quantity of reported inferred resource in these estimations are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading them to an indicated or measured resource category.

Note 3: The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing or other relevant issues.

Note 4: Tonnes have been rounded to the nearest 1,000,000 (numbers may not add up due to rounding).

SALT

Mining Method

Incline Slope Salt Extraction
Salt mines are among the safest of mines. They are also the most comfortable to work in. While mine temperature varies with depth, the average temperature remains about 70° F year round. Continuous mining produces smaller lumps of rock using a machine similar to the one used for building tunnels. It bores into the salt extracting lumps that are then crushed into smaller pieces.

It takes the right team to turn a deposit into a mine - bringing Rowland Howe on board as President of Atlas Salt is another game-changing moment for this project.

CEO & Director

Patrick Laracy

TSXV: SALT