Argo Gold Inc. · CSE:ARQ

Argo Gold — Investor Presentation (July 2024)

12 slides from Argo Gold's investor presentation, July 2024

  1. Slide 1: Argo Gold July 2024 Update

    Argo Gold July 2024 Update Drill Rig at Lloyd September 2023 CSE: ARQ | OTC: ARBTF | XFRA / XSTU / XBER: A2ASDS

  2. Slide 2: Forward-Looking Information

    F o r wa r d - L o o ki n g I n fo r m a t i o n Certain information contained in this investor presentation of Argo Gold Factors that could cause actual results to vary from forward-looking statements Inc. (the "Company") may constitute forward-looking statements and or may affect the operations, p

  3. Slide 3: Argo 2023 Oil Production Results

    Argo 2023 Oil Production Results 2023 2023 2023 Net Operating Sparky Oil Wells Oil Production Oil Revenue* Cash Flow** (barrels) (CAD $) (CAD $) Lindbergh 1 Oil Revenue* 12,208 $864,082 $533,910 -Includes Oil Mar – Dec 2023 Royalties Paid in Kind and Oil Lloyd Royalties Paid in 3,942 $254,246 $222,7

  4. Slide 4: Argo Q1 2024 Oil Production

    Argo Q1 2024 Oil Production Q1 2024 Q1 2024 Q1 2024 Net Sparky Oil Wells Oil Production Oil Revenue* Operating Cash Flow** (barrels) (CAD $) (CAD $) Lindbergh 1 Oil Revenue* 3,398 $224,197 $117,675 Jan – Mar 2024 -Includes Oil Royalties Paid in Lloyd Kind and Oil Jan – Mar 2024 3,469 $236,455 $158,9

  5. Slide 5: Argo Oil Production – April and May 2024

    Argo Oil Production – April and May 2024 Oil Production Oil Revenue* Net Operating Cash Flow** April 2024 (barrels) (CAD $) (CAD $) Lindbergh 1 960 $79,398 $39,084 Lloyd 1024 $85,179 $51,286 Oil Revenue* -Includes Oil Lindbergh 2 857 $71,292 $43,369 Royalties Paid in Kind and Oil April Total 2842 $2

  6. Slide 6: Argo's Oil Reserves

    A r g o ’s O i l R e s e r v e s Year-End 2023 Company Gross (1) Company Net (2) 0% NPV 10% NPV 15% NPV Heavy Crude Heavy Crude Oil Heavy Crude Oil Million Million Million Oil Reserves Mbbl Mbbl CAD $ CAD $ CAD $ Year-End 2023 Proved Developed Oil Reserves include 208.8 176.3 11.1 8.0 7.1 Producing

  7. Slide 7: Why Oil & Gas?

    Why Oil & Gas? ▪ Oil is 90% of the transportation industry in the United States (2020). The EV initiative is great -> transformation reality is multiple decades. ▪ Coal-fired electric power plants are being transformed to Natural Gas to decrease historical reliance on coal for electricity. ▪ Natural

  8. Slide 8: Oil Summary

    Oil Summary ▪ Argo is an Alberta Energy Licensee ▪ Argo participated in 3 oil wells in 2023 and is averaging 111 barrels per day and 3387 barrels per month since December 1, 2023 ▪ Lloyd 2 and Lindbergh 3 will be drilled in Fall 2024 ▪ Participating with Proven Oil Experts – Croverro ▪ 2024 Net Oper

  9. Slide 9: History & Evolution

    History & Evolution ▪ 2016 - 2017 – Acquired 8 high-grade gold projects in NW Ontario and the Wawa area through in-field ground staking and acquisitions ▪ Focused on high-grade Uchi Gold Project compiled by 4 acquisitions and staking ▪ Uchi Gold – Argo has drilled off several hundred thousand ounces

  10. Slide 10: Solid Gold Assets

    Solid Gold Assets Uchi Gold Project ▪ Significant multi - year exploration programs completed ▪ Argo has continued to add new gold ounces by drilling at the Uchi Gold Project ▪ Multiple zones of high-grade gold mineralization identified on multiple mineralized trends ▪ Several hundred thousand ounce

  11. Slide 11: Corporate Snapshot

    Corporate Snapshot Shares Outstanding 72,353,851 Market Capitalization CDN $6 M Shareholders: Institutions 40% Insiders 10% Retail 50% CSE: ARQ | OTCQB: ARBTF | XFRA / XSTU / XBER: A2ASDS

  12. Slide 12: An Investment in Ongoing Oil Production

    An Investment in Ongoing Oil Production ▪ 2024 Net Operating Cash Flow from current oil wells – CAD$ 1.3 M ▪ Organic Sustained Growth ▪ Lloyd 2 and Lindbergh 3 to be drilled in Fall 2024

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