Steppe Gold Ltd. · TSX:STGO
Steppe Gold — Investor Presentation (December 2022)
23 slides from Steppe Gold's investor presentation, December 2022
Slide 1: Mongolia’s Premier Precious Metals Company
TSX: STGO OTCQX: STPGF Mongolia’s Premier Precious Metals Company Corporate Presentation December 2022
Slide 2: Table of Contents
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Table of Contents Company Company Management Mongolia Overview Milestones Team & Board Today 01 02 03 04 Asset Operational Production Overview Highlights Summary 05 06 07 ESG Financial Connect wit
Slide 3: Disclaimer
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Disclaimer TECHNICAL INFORMATION The technical and geoscientific content in this presentation has been compiled, reviewed and approved by Enkhtuvshin Khishigsuren, Vice President of Exploration of
Slide 4: Company Overview
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Company Overview Steppe Gold is Mongolia’s premier precious metals company, has commenced production and is projected to produce 90,000 ounces gold from the operational oxide zone of ATO Gold Mine
Slide 5: Company Milestones
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Company Milestones March June May December Commenced heap leach gold Acquired 80% of “UK” Project in CA $25M IPO Mined, crushed and stacked over and silver production Bayankhongor on TSX 533,000 t
Slide 6: Management Team & Board
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Management Team & Board Matthew Wood Bataa Tumur-ochir Aneel Waraich Patrick Michaels Jeremy South Executive Chairman President & CEO Executive Vice President & Director Director Senior Vice Presi
Slide 7: Mongolia Today
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Mongolia Today Mongolia’s economic growth is expected to accelerate to above six percent in 2023-2024 A proud mining jurisdiction, with the sector leading 90% of exports and the country’s largest
Slide 8: Gold’s Value Proposition
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Gold’s Value Proposition Throughout history, gold has been seen as a special and valuable commodity and seen as the longest standing currency Acts as a hedge against inflation and deflation alike,
Slide 9: Asset Overview: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Asset Overview: Altan Tsagaan Ovoo (ATO) Gold Mine Highlights A multi-phase precious metals project, covering 5,492 hectares, located in Dornod, North East Mongolia Mining commenced in 2018 and pr
Slide 10: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Altan Tsagaan Ovoo (ATO) Gold Mine Fully Permitted and Commenced Gold Production in 2020 10
Slide 11: Mineral Reserve Estimate, Effective June 30, 2021
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Mineral Reserve Estimate, Effective June 30,2021 Phase 2 Expansion assumes producing ~100,000 ounces of gold equivalent per annum from the fresh rock ore. Gold recovery is fore- cast to be 79%, wi
Slide 12: Key Financial Metrics
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Key Financial Metrics NPV IRR Site AISC EBITDA After-Tax After-Tax $232M 67% $853/oz $584M LoM Phase 1 & 2 = 12.5 After-Tax LoM Grades Capital Expenditure Total Gross 3 years Phase 2 Lead, 0.46% Z
Slide 13: New High Grade Zinc Discoveries
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 New High Grade Zinc Discoveries Recent Drilling resulted in an exciting new discovery of multiple high grade zinc sulphide intercepts beneath the existing ATO Gold Deposits. Exceptional results an
Slide 14: Operations Q3/Q4
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Operations Q3/Q4 Highlights Landmark power agreement has been reached to provide grid power to the ATO Phase 2 Expansions, to drive significant energy savings. Will reduce expected cash costs in e
Slide 15: Operational Progress
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Operational Progress 15
Slide 16: Operational Progress
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Operational Progress 16
Slide 17: Steppe’s 2022 Monthly Production Volume
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Steppe’s 2022 Monthly Production Volume 2022 Monthly Production (oz Au) Steady & Growing Production Profile $1,200 $810-$850/oz Expected AISC for next 12 Months $1,000 Significantly Below Industry
Slide 18: Uudam Khundii (UK) Project
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Uudam Khundii (UK) Project CREATING A NEW, MULTI-MILLION OUNCE EXPLORATION POTENTIAL, GOLD DISTRICT IN BAYANKHONGOR Partnership with state-owned Erdenes Alt Resource LLC announced to develop the h
Slide 19: Exploration Strategy
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Exploration Strategy Ongoing exploration programs at both assets At ATO, extensional and infill drilling ongoing Further work continues at the Mungu Discovery throughout 2022 to assess expansion o
Slide 20: ESG Commitments
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 ESG Commitments Environmental: Social: Governance: 92.9% Implementation Score on 2021 Community Relations is at the core of Regularly liaise and consult with all levels Environmental Management Pl
Slide 21: Financial Highlights
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Financial Highlights Ramp up in production commenced in the second quarter with over 10,000 oz, and Q3 coming in at ~13,300 oz: up 28% from Q2 Q3 results released November 7, 2022: Revenue year to
Slide 22: 2023 and Beyond…
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 2023 and Beyond… • Healthy reagent supply has been built-up, in preparation for post-winter operational upswing • New fixed crushing unit will be operational, allowing for higher crushing rates in
Slide 23: Contact
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – December 2022 Contact Bataa Tumur-Ochir Aneel Waraich Jeremy South President and CEO Executive VP and Director Senior VP and CFO bataa@steppegold.com aneel@steppegold.com jeremy@steppegold.com The Company’s hea