Westhaven Gold Corp · TSXV:WHN
Westhaven Gold — Investor Presentation (February 2025)
22 slides from Westhaven Gold's investor presentation, February 2025
Slide 1: Exploring British Columbia's Newest Gold Belt
Exploring British Columbia’s Newest Gold Belt TSX: WHN.V │ WESTHAVENGOLD.COM February 2025
Slide 2: Cautionary and Forward-Looking Statements
Cautionary and Forward-Looking Statements The content of this presentation is for information purposes only and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscribe for any securities of Westhave
Slide 3: District-Scale Potential
District-Scale Potential 4 Projects 61,512 ha on the SBGB 100% Owned TSX: WHN.V 3
Slide 4: Spences Bridge Gold Belt
Spences Bridge Gold Belt Source of the Fraser River Gold Rush? • Gold discovered in 1857 • Drew ~20,000 prospectors to the area • Yale was the largest town north of San Francisco and west of Chicago TSX: WHN.V 4
Slide 5: High-Grade Gold Discovery in British Columbia
High-Grade Gold Discovery in British Columbia Flagship Shovelnose project next to a major highway, 30 minutes from Merritt, B.C. TSX: WHN.V 5
Slide 6: Shovelnose Gold Property
Shovelnose Gold Property 2.5-hour drive from Vancouver 30-minute drive from Merritt Proximal to the Coquihalla Highway Powerline on property Heavily logged, with forestry roads in place Year-round exploration TSX: WHN.V 6
Slide 7: Shovelnose Gold Property Drilling Highlights
23.03m of 37.24 g/t Au and 209.52 g/t Ag Including 1.12m of 294 g/t Au and 2,110 g/t Ag FRANZ 12m of 39.42 g/t Au FMN and 51.81 g/t Ag 8m of 20.22 g/t Au TOWER and 83.97 g/t Ag ALPINE 10.56m of 3.67 g/t Au MIK and 10.40 g/t Ag 3.68m of 17.61 g/t Au LEAR and 31.49 g/t Ag Including 1.65m of 27.6 g/t A
Slide 8: Zone One Trend: High-Grade Gold Over 4km of Strike
Zone One Trend: High-Grade Gold Over 4km of Strike 473 gr-m 857 gr-m 141 gr-m 497 gr-m NW SE TSX: WHN.V 8
Slide 9: Robust Preliminary Economic Assessment of South Zone
Robust Preliminary Economic Assessment of South Zone Strong Case for Underground Mining Scenario *Based on PEA base case parameters of US$1,800 per ounce gold , US$22 per ounce silver Pre-Tax IRR of 41.4%* and 9.5 year mine life* After-tax IRR of 32.3%* Pre-tax NPV 6% of $359 million Preproduction C
Slide 10: Mineralized Corridor
Corridor open to NW Mineralized Corridor • Drill testing multiple targets within a 13.5 km mineralized corridor New Discovery Gold • Several high-grade Bearing Quartz Vein discoveries have been made Drilled at Certes within 4km of this corridor • 7km of untested strike length • Certes drill hole SN2
Slide 11: Certes drill hole SN24-425 results
• Certes drill hole SN24-425: Intersected 0.69 g/t Au, 2.76 g/t Ag, and 5% Zinc over 1.74m at 286.9-288.64m downhole. • anomalous gold pathfinder elements encountered in all 6 of the drill holes • confirmation of a potentially preserved epithermal system previously mapped at surface and now extendin
Slide 12: Certes Target Cross Section
Certes Target 3 Cross Section TSX: WHN.V 12
Slide 13: Prospect Valley Gold Property
Prospect Valley Gold Property • 21 contiguous, road accessible mineral claims ~10,927 hectares. • 43.34 g/t historical assay gold in float “Bonanza Target” • The Bonanza Target, Discovery Zones and Northeast Extension areas are aligned along a north-northeast trend and are hypothesized to be related
Slide 14: Skoonka Gold Property
Skoonka Gold Property DEADWOOD: SC07-043 3.84 g/t Au / 2.11m DEADWOOD: SC07-038 3.44 g/t Au / 4.67m BACKBURN: SC07-033 0.65 g/t Au / 13.5m JJ: SC22-006 1.28 g/t Au / 48.05m including 21.15 g/t Au / 1.90m JJ: SC22-014B 0.19 g/t Au / 98.64m including 4.40 g/t Au / 1.26m TSX: WHN.V 14
Slide 15: Company Snapshot
Company Snapshot Share Structure (Jan, 2025) Shareholders Shares Outstanding 188,320,927 Institutional Strategic Shares Fully Diluted 218,646,041 Merk Funds Franco-Nevada Market Capitalization ~$21M Dundee Corporation Directors & Officers Cash (January, 2025) ~$2.7M 20% Insider Ownership Rob McEwen
Slide 16: The Westhaven Way
The Westhaven Way Our Mission To deliver the highest standards of environment and social responsibility, with a specific focus on generating positive and long-term returns for all key stakeholders. Commitment to the Environment Westhaven acknowledges that there are more than 32,000 archaeological si
Slide 17: A Track Record of Exploration and Development Success
A Track Record of Exploration and Development Success Gareth Thomas President and CEO, Director Zara Boldt Eira Thomas CFO and Corporate Secretary Chairperson Peter Fischl Victor Tanaka Chief Geologist Independent Director Robin Hopkins Hannah McDonald VP Exploration Independent Director Sean Thomps
Slide 18: Why Invest in Westhaven?
Why Invest in Westhaven? Parallel Approach Towards Advancing the Shovelnose Gold Property An updated Mineral Resource Estimate Updated MRE and PEA and Preliminary Economic Assessment Franz-FMN-South Zone in Q1 2025 is expected to be completed in Q1 2025 and will include the Franz & FMN discoveries.
Slide 19: Contact us for more information
Contact us for more information: Sean Thompson 604-681-5558 info@westhavengold.com www.westhavengold.com TSX: WHN.V 19
Slide 20: Cash Flow Generation – High Margin – Low Cost
Cash Flow Generation – High Margin – Low Cost AISC and Margin Drivers *Based on PEA base case parameters of US$1,800 per ounce gold, US$22 per ounce silver. Vein width and Gold Eq. Margin* steep orientation US$1,048 per AuEq oz.* Au grade and recovery Ease of access All-in Sustaining Proximity to Ca
Slide 21: Underground Mineral Resource Estimate
Underground Mineral Resource Estimate Shovelnose Underground Mineral Resource Estimate @ 1.5 g/t AuEq Cut-off Contained Contained Contained Tonnes Au Ag AuEq Classification Au Ag AuEq (k) (g/t) (k oz) (g/t) (k oz) (g/t) (k oz) Indicated 2,983 6.38 612 34.1 3,273 6.81 654 Inferred 1,331 3.89 166 16.9
Slide 22: Underground Stope Blocks
Underground Stope Blocks • Maximum mineable vein width 37m • Steeply dipping • High-grade mineralization (+5g/t gold) • Continuity over hundreds of metres of strike length Please refer to July 18, 2023 news release - PEA Please refer to NI 43-101 Technical Report, Updated Mineral Resource Estimate a
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