Steppe Gold Ltd. · TSX:STGO
Steppe Gold — Investor Presentation (July 2021)
25 slides from Steppe Gold's investor presentation, July 2021
Slide 1: Mongolia's Premier Precious Metals Company
TSX: STGO OTCQX: S T P G F MONGOLIA’S P R E M I E R PRECIOUS M E T A L S COMPANY CORPORATE PRESENTATION J U L Y 2021
Slide 2: Disclaimer
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 DISCLAIMER TECHNICAL INFORMATION Technical information relating to the Altan Tsagaan Ovoo Project (the “ATO Project”) contained in this presentation is derived from, and in some instances is an extrac
Slide 3: Our Vision
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company April2021 Corporate Presentation / July 2021 O U R VISION Mongolia’s premier precious metals company. Our mandate: 01 02 03 Delivering superior returns to Focus on low cost Building strong relationship s w i t h shareholders f r o m lo
Slide 4: Company Overview
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 COMPANY O V E R V I E W Steppe Gold is Mongolia’s premier precious metals company, has commenced production and is projected to produce 50,000 to 60,000 ounces of gold from its Phase I Heap Leach Oper
Slide 5: Company Board and Management
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 COMPANY B O A R D AND MANAGEMENT Matthew Wood Bataa Tumur-Ochir Aneel Waraich Patrick Michaels Jeremy South Executive Chairman Director, President and CEO Director and Executive Director Senior Vice P
Slide 6: Steppe People
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July, 2021 STEPPE PEOPLE Creating Sustainable Employment Opportunities for 142 Number of Steppe employees 250-3 0 0 P eople 123 Number of contract workers Employees from Employees Total number local province of
Slide 7: Steppe Social Responsibility
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 S T E P P E SOCIAL R E S P O N S I B I L I T Y Steppe Gold is an integral part of the local community: Steppe Gold and Mongolia are proud to sponsor sambo wrestler, We have been building strong local
Slide 8: Steppe's Value Building Model
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 S T E P P E ’ S V A L U E BUILDING M O D E L Fast-tracked production and exploration upside Cashflow Development Exploration Fully permitted heap leach mine and Commenced feasibility study to produce
Slide 9: Company Milestones
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 COMPANY M I L E S T O N E S ATO Gold Mine built in 14 months for ~US$20m CAPEX 2016 August 2017 January 2017 June 2017 September 2018 May 2018 June 2019 December 2020 March 2020 Ju ly 2021 February Th
Slide 10: Why Mongolia
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 W H Y MONGOLIA Home to world class assets, sound mining infrastructure and mining talent. Strong support for mining industry at all levels of government. Focus on safety, wealth generation and sustain
Slide 11: Company Operations
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 COMPANY O P E R A T I O N S Steppe Gold owns exploration, development and production assets. A L T A N TSAGAAN OVOO (ATO GOLD MINE) 50K - 60k oz oxide heap leach production annually.Resources just upd
Slide 12: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 AL TA N TSAGAAN OVOO (ATO) GOLD MINE NI 43-101 compliant 1.22 Moz Au Eq resources (M&I) - 2017 TONNAGE GRADE CONTAINED M E T A L RE CO V E RE D M E T A L ATO Mineral Reserves (1)(3)(5)(6)(7)(8)(9)(10)
Slide 13: ATO and Mungu Resource Update February 2021
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - July 2021 ATO AND MUNGU R E S O U R C E U P D A T E F E B R U A R Y 2021 NI 43-101 compliant 2.45 M oz Au Eq resources TONNAGE GRADE CONTAINED METAL ATO Mineral Resources (Mt) Au(g/t) Ag(g/t) Pb(%) Zn(%) Au(koz
Slide 14: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 AL TA N TSAGAAN OVOO (ATO) GOLD MINE FULLY PERMITTED AND C O M M ENCING GOLD PRODUCTION S T O R M POND PREGNANT / BARREN PONDS L E A C H P A D / C E L L 1A N D 2 A D R BUILDING / PLANT CRUSHER CHEMICA
Slide 15: ATO Gold Mine - ADR Building
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 ALTAN TSAGAAN OVOO ADR BUILDING (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 50,000 to 60,000 oz of Gold annually PHASE II - ~150,000 oz of gold production annually from fresh rock 15
Slide 16: ATO Gold Mine - Mining Camp
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 ALTAN TSAGAAN OVOO MINING CAMP (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 50,000 to 60,000 oz of Gold annually PHASE II - ~150,000 oz of gold production annually from fresh rock 16
Slide 17: ATO Gold Mine - ADR Plant
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / Julyl 2021 ALTAN TSAGAAN OVOO ADR PLANT (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 50,000 to 60,000 oz of Gold annually PHASE II - ~150,000 oz of gold production annually from fresh rock 17
Slide 18: Leveraging HL cash flow to scale operations
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 AL TA N TSAGAAN OVOO (ATO) GOLD MINE Leveraging HL cash flow to scale operations 2020 – produced ~ 35,000 oz of production w i t h strong cash margins – of c 50% O p e r a t i n g c a s h f l o w b e
Slide 19: Resource Expansion (2.45M Oz Au Eq to 400M depth)
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 R E S O U R C E EXPANSION (2.45M Oz Au Eq to 400M depth) Building on a large dataset - high grade intercepts. Over 90,000m drilling and 28,421m trenching completed. Mungu deposit estimate just release
Slide 20: Highlighted Results for the 2020 Drilling Program
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / July 2021 HIGHLIGHTED R E S U L T S F O R T H E 2020 DRILLING PROGRAM Received to date at the Mungu Discovery include MG-139 19.3m at 6.77g/t gold, 28.6g/t silver from 219.2 metres MG-140 22.9m at 4.73g/t gold,
Slide 21: Uudam Khundii (UK) Project
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company April2021 Corporate Presentation / July 2021 U U D A M K H U N D I I (UK) P R O J E C T ONE OF THE LARGEST EXPLORATION LICENCES IN BAYANKHONGOR GOLD BELT To date, Steppe Gold has completed 18 trenches for 933 meters in 2020 at the Milk
Slide 22: 2021 Guidance & Phase 2 Expansions
Steppe Gold Limited - M ongolia’s Premier Precious M etals C ompany Corporate Presentation – JULY 2021 2021 GUIDANCE & P H A S E 2 EXPANSIONS Production: 50,000 oz gold, 150,000 oz silver AISC: $750/oz and CASH COSTS: $550/oz Focus on keeping cash balance at $30-$50m Capex estimates - $100-$125m Bud
Slide 23: From Vision to Production
Steppe Gold Limited - M ongolia’s Premier Precious M etals C ompany Corporate Presentation - JULY 2021 F R O M VISION T O PRODUCTION 2020 Financial Highlights: Revenue for year ended December 31, 2020 was $52.1M on sales of 31,733 oz Au and 13,710 oz Ag: average realized prices per/oz of $1,842 and
Slide 24: From Vision to Production
Steppe Gold Limited - M ongolia’s Premier Precious Metals C ompany Corporate Presentation - JULY 2021 F R O M VISION T O PRODUCTION StrongExecution • Commenced Production in Spring 2020. A $20M acquisition turned into full-scaled mining operations. • March 2021: Trading on OTCQX ‘BestMarkets’– US in
Slide 25: Contact
Steppe Gold Limited - M ongolia’s Premier Precious M etals C ompany Corporate Presentation JULY 2021 CONT ACT Matthew Wood Bataa Tumur-Ochir Executive Chairman President and CEO mwood@steppegold.com bataa@steppegold.com Aneel Waraich Jeremy South Director and Executive VP Senior VP and CFO aneel@ste