Thesis Gold & Silver Inc. · TSXV:TAU
Thesis Gold & Silver — Thesis Gold — Investor Presentation (January 2024)
21 slides from Thesis Gold & Silver's investor presentation, January 2024
Slide 1: Unlocking the Gold-Silver Potential of a Unified Toodoggone District
CORPORATE PRESENTATION | JANUARY 2024 Unlocking the GOLD-SILVER TSX-V TAU POTENTIAL of a Unified Toodoggone District, northern BRITISH COLUMBIA
Slide 2: Disclaimer and Cautionary Notes
DISCLAIMER AND CAUTIONARY NOTES FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking information” within the meaning of MINERAL RESERVE AND RESOURCE ESTIMATES assessment of Thesis’ Lawyers Gold-Silver Project and is preliminary in nature, as it applicable Canadian securities legisl
Slide 3: Accelerating Growth in BC's Next Major Mining District – The Toodoggone
ACCELERATING GROWTH IN BC’S NEXT MAJOR MINING DISTRICT – THE TOODOGGONE N One of the largest Gold-Silver projects in TECK Toodoggone District Canada with significant growth potential Schaft Creek NEWCREST TECK/NEWMONT Galore Creek Red Chris THESIS GOLD NEWMONT Tatogga FREEPORT McMORAN/ AMARC RESOURC
Slide 4: Excellent Access to Infrastructure and Power
EXCELLENT ACCESS TO INFRASTRUCTURE AND POWER oad from Prince George R provides year-round access Ranch BRITISH COLUMBIA Project Sturdee Airstrip provides flight access from regional Thesis Gold Projects Lawyers airports at Terrace, Smithers, Project and Prince George Smithers Mackenzie nly 45km NW o
Slide 5: Lawyers Project Overview
LAWYERS PROJECT OVERVIEW 12-Year LOM US$ 786/ Au oz 1,950 Koz / C$589M 2.8-year at an average LOM AISC 163 Koz AuEq After Tax NPV 5% Payback head-grade of (net of byproducts) Total / Avg. LOM 24.1% After-Tax 1.47 g/t AuEq Production After Tax IRR August 2022 PEA indicates a long mine life, capital
Slide 6: Strong Foundation – Path to Growth
STRONG FOUNDATION – PATH TO GROWTH Opportunity to introduce high grade Au and Ag in earlier stages of the mine schedule Lawyers PEA Annual Payable Metal 200 TARGET Payable Metal (AuEq* Koz) 150 100 50 - Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 * Metal price parameters of US$1,735 per ounce of gold and
Slide 7: Lawyers 2022 Mineral Resource Estimate
LAWYERS 2022 MINERAL RESOURCE ESTIMATE All Resource Zones Open for Expansion at Depth and Near Surface 2022 Mineral Resource N US $1,700 per gold ounce pit shell Cliff Creek & Dukes Ridge Higher grade near-surface material Starter Pit Areas for indicative starter pits 292koz AuEq | 2.2:1 strip ratio
Slide 8: Lawyers Project 2023-2024 Resource Growth
LAWYERS PROJECT 2023-2024 RESOURCE GROWTH 20,000 metre drill program Focusing on expanding the resources beneath the Cliffs Creek and Dukes Ridge deposits Targeting: 300,000 – 500,000 oz @ 4-5 g/t AuEq. 8
Slide 9: Ranch Project Overview
RANCH PROJECT OVERVIEW 100% 180 km2 20+ 90-98% 2023 Owned by Ranch project Near Surface Gold recovery using Drill program Thesis Gold epithermal gold only flotation ongoing deposits & prospects Confirmed near-surface high-grade gold * Zones that have had mineralization over broad intervals N past go
Slide 10: Strategy for Growth and Value Creation
STRATEGY FOR GROWTH AND VALUE CREATION Define Lawyers Define Ranch Lawyers PEA New Combined Exploration Underground Open Pit Summary PEA Upside Ounces Ounces New Combined Resource 20+ High-Quality Drill-Ready Targeting Exploration Targets Increased production Underground Open-Pit H igh grade starter
Slide 11: Ranch Target – Bonanza-Ridge Zone
RANCH TARGET – BONANZA-RIDGE ZONE Minimum Mineralized Combined Strike Length of 1.5 km NW 15.50 g/t SE BONANZA-RIDGE ZONE A 3.35 g/t 3.38 g/t 3.00 g/t 20.50 g/t 22RDGDD012 A' N 21RDGDD006 22RDGDD013 22BNZDD008 22RDGDD037 22BNZDD004 22RDGDD004 - 1,700 m 22BNZDD003 22RDGDD047 17.52 m @ 3.75 g/t AuEq 9
Slide 12: Ranch Target – Thesis Structural Corridor
RANCH TARGET – THESIS STRUCTURAL CORRIDOR Extends to over 1.5 km of Strike Length N 22BNGDD009 22BNGDD007 21TH3DD0013 21TH3DD005 22TH2DD012 22TH2DD003 50.30 m @ 1.86 g/t Au 34.90 m @ 1.30 g/t Au 81.13 m @ 1.32 g/t Au 33.13 m @ 17.49 g/t Au 8.79 m @ 11.97 g/t Au 41.46 m @ 1.15 g/t Au Incl. 4.20 m @ 2
Slide 13: Ranch Target – Steve Zone
RANCH TARGET – STEVE ZONE Gold Mineralization Down to >400 Metres & Remains Open at Depth BV THESIS BONANZA- STRUCTURAL RIDGE N CORRIDOR Access Road km 3.5 OPEN STEVE ZONE New Discovery 220 metre extent 119.20 m @ 1.00 g/t AuEq* OPEN STEVE ZONE DISCOVERY Epithermal Drill Targets A significant
Slide 14: Ranch Project 2023 Exploration Program
RANCH PROJECT 2023 EXPLORATION PROGRAM Near Surface and High Grade Gold Objective I Objective II Objective III Infill and expansion Development and Initial drilling of new resource drilling at expansion of new exploration targets: the Thesis Structural discoveries and Drilling will target Corridor (
Slide 15: Management and Board Overview
MANAGEMENT AND BOARD OVERVIEW Ewan Webster Ian Harris Sean Mager CEO and President COO CFO +10 years professional expertise +25 years in mining sector, mining +25 years mining sector, former in the mining industry, specializing engineer. Served as CEO and director CFO & COO at Brilliant Resources in
Slide 16: Environmental, Social, and Governance
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE T ogether we established exploration, Together we initiated baseline engagement and communications environmental studies as part agreements with our partner Nations of permitting T hesis is providing W ildlife monitoring and employment, training and mitigation m
Slide 17: Project Timelines and Near Term Catalysts
PROJECT TIMELINES AND NEAR TERM CATALYSTS 2023 2024 Q2 Q3 Q4 Q1 Q2 Q3 Q4 UPDATED PEA Focus is to update the Combining 2021 PEA + Ranch and underground PEA to include Ranch and UPDATED RESOURCE mining from Lawyers Updated resources underground ounces from including Ranch and underground ounces PEA La
Slide 18: Corporate Snapshot
CORPORATE SNAPSHOT Share Structure Shareholder Summary 2 Post Transaction Financing 1 66% 30% INSTITUTIONAL PUBLIC/ OTHER Basic Shares Outstanding 174 M Analyst Coverage Clarus | Cormark | PI | SCP Fully Diluted 1 175.9 M Largest Shareholders Market Capitalization ~$100 M3 Equinox | Delbrook | Merk
Slide 19: Vancouver Office / Contacts
VANCOUVER OFFICE 1111 West Hastings Street, Suite 780 Vancouver, BC, Canada V6E 2J3 EWAN WEBSTER DAVE BURWELL President, CEO & Director Vice President Corporate Development ewanw@thesisgold.com +1 403-410-7907 daveb@thesisgold.com
Slide 20: Pursuing Efficiencies to Reduce CAPEX and Improve OPEX
PURSUING EFFICIENCIES TO REDUCE CAPEX AND IMPROVE OPEX Trade off studies in progress to reduce CAPEX and Waste Rock improve OPEX Storage Facility AGB Pit Waste Power Supply Optimization Optimization Opportunity for improved Trade off studies in placement of waste to progress to reduce CAPEX Cliff Cr
Slide 21: Ranch and Lawyers – Value Proposition
RANCH AND LAWYERS – VALUE PROPOSITION 21