Goldquest Mining Corp. · TSXV:GQC
Goldquest Mining — Investor Presentation (January 2022)
24 slides from Goldquest Mining's investor presentation, January 2022
Slide 1: Gold and Copper in the Caribbean
GOLDQUEST TSXV: GOC OLDQUEST Sxv: GOC Gold and Copper in the Caribbean An Emerging Mine Developer with Exploration Upside January 2022
Slide 2: Forward-looking statements
Statements contained in this presentation that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward- looking statements in this presentation include, but are not limited to, statements with respect to the pre-feasibility study for
Slide 3: A Growth Company
A Growth Company Developing – Romero Discovery ▪ Multi-million oz. Au/Cu discovery in 2012 ▪ Latest PFS Nov. 2016: 28% IRR, NPV (5%) US$202 million ▪ Exploitation License approved by Mines Ministry Jan 2018 ▪ Awaiting Presidential Approval ▪ EIA/BFS to follow Approval Exploring – Discovery in 2017 ▪
Slide 4: The Dominican Republic
The Dominican Republic Canada Romero Project Tireo USA Concessions Puerto Plata Dominican Republic Falcondo Pueblo Viejo Mine Mine ▪ Strong relationship with the government and community San Juan ▪ No Government Royalties Santo Domingo ▪ Reasonable Taxes (32%) source www.barrack.com Cerro de Maimon
Slide 5: Veteran Team with DR experience
Veteran Team with DR experience Dave Massola CEO • Former CFO GlobeStar • Former CEO Continental Nickel • Former CFO DeBeers Canada Felix Mercedes Country Manager • Director of Mining & Petroleum Chamber in the Paul Robertson, CA,CPA DR CFO JP LeBlanc • Former CFO Grayd Resources (acquired by Agnico
Slide 6: Technical & Financial Expertise
Technical & Financial Expertise Bill Fisher, P.Geo Julio Espaillat, M.Eng Non-Executive Chairman Director • Former CEO Globestar • Retired as full-time CEO Q3 ‘17 • Chairman Aurelian • Former Country Manager • VP Exploration of Boliden Globestar Florian Siegfried, MBA Patrick Michaels Director Direc
Slide 7: DR - Push for Exploitation license
DR - Push for Exploitation license License = 75 years with tax stability agreement for 25 years Immediate acceleration of ESIA and FS work upon receipt Non - DR Business Development - Seeking projects to invest Target : gold, copper, other opportunities Target : North, Central and South America Cons
Slide 8: Prefeasibility Study (to be upgraded in BFS)
Prefeasibility Study (to be upgraded in BFS) NPV*5% IRR* AISC* PAYBACK $203M 28% $595/OZ. 2.5YRS AFTER TAX AuEq.** LTP-94 158.6m to 160.0m 288.6 g/t Gold 5.6% Copper * Net Present Value (“NPV”), Internal Rate of Return (“IRR”), All-In ▪ Currently in the permitting phase – to achieve Sustaining Costs
Slide 9: PFS: Responsible Mine Design
PFS: Responsible Mine Design Minimal Surface Impact ▪ Small surface footprint over underground mine, thus minimal affect on landscape Return Wasterock Underground ▪ Wasterock will be returned underground as backfill No use of Cyanide or other Contaminates ▪ A gold/copper concentrate product will be
Slide 10: 2016 PFS Highlights
2016 PFS Highlights Low Capex, High IRR, Scalable Deposit After-Tax NPV & IRR Sensitivity to Gold Price PFS Summary Results At US$1300 Au / US$2.50.lb Cu After Tax NPV5% After Tax IRR Start-Up CAPEX $158M $350 35% Sustaining CAPEX $92M $300 30% After Tax NPV5% (US$M) Throughput 2,800 tpd $250 25% Af
Slide 11: Gold-Copper Starter Mine
Gold-Copper Starter Mine only considers 35% of current M&I Resource Surface Portal Ventilation Access Ramp View Looking North Production Ramp ▪ 2,800 tpd – 75% Longhole ▪ Large Stopes (up to 20m x 20m x 50m) ▪ Options to expand mine as metal prices rise Remaining Mineral Resources www.goldquestcorp.
Slide 12: Gold Equivalent Ounces
NPV5% IRR AISC PAYBACK AFTER TAX $595/OZ. 2.5 The Gold/Copper Concentrate $203M 28% AuEq. YEARS Gold Equiv. Payable Oz. Starter Mine (35% of resource only) 180 GOAL: maintain or exceed 150,000 oz per year (Remaining Resource = Potential) 160 153,600 Gold Equivalent Ounces 140 136,800 135,600 124,800
Slide 13: All in Sustaining Costs
NPV6% IRR AISC* PAYBACK $203M AFTER $595/OZ. 2.5 TAXES YEARS All in Sustaining Costs (AISC) 28% AuEq. $1,400 LOM LOM ($/tonne) ($/oz.) $1,200 Mining $27.7 $222.4 Gross Processing $11.6 $93.1 $1,000 Margin Tailings Management $1.3 $10.3 Gold Price $800 $705 G & A (Site) $5.4 $43.8 $600 Total Cash Cos
Slide 14: Permitting a Mine in the Dominican Republic
DEVELOPMENT Permitting a Mine in the Dominican Republic Exploration Concession Application Process Mineral Exploration & Environmental 2005 – Ore Deposit Discovery License Application Process 2012 Sequential and time Mine intensive process of gathering and testing data to Construction find economic
Slide 15: Romero Project Exploration Focus
Romero Project Exploration Focus www.goldquestcorp.com | 15
Slide 16: The "String of Pearls"
The “String of Pearls” Romero: 10.4 g/t - 234.8m Grab Samples Gold (g/t) 2.0 – 167.5 (201) BDL – 2.0 (3272) Las Tomates: 4.7 g/t - 6.8 m Tireo Land Package Perimeter Hydrothermal Alteration Romero South: 10.75 g/t - 28.5 m Ongoing Ex;loration Program Previously Reported Drilling Imperial: 8.5 g/t -
Slide 17: Exploring the Tireo Belt
Exploring the Tireo Belt Romero Deposit Romero South Deposit ▪ Targets occur along the mineralized trend hosting the Cachimbo Discovery and the Romero Deposits ▪ These deposits occur in clusters along plate IP Chargeability (mV/V) boundaries – we are on the Atlantic/Caribbean boundary ▪ Target gener
Slide 18: Romero style mineralization - Open in all directions
Romero style mineralization - Open in all directions Surface sample: 168 g/t gold ?? 5 m @ 14 g/t gold, 12% zinc, 74 g/t silver 1% copper 21m @ 7.9 g/t gold 100 metres 1.8% zinc, 40 g/t silver .17% copper ?? www.goldquestcorp.com | 18
Slide 19: Upon receipt of Exploitation License
Upon receipt of Exploitation License 1. ESIA – follow DR Ministry of Environment Terms of Reference 1. Mine, Road, Power line, Port 2. Develop existing Plan – simple, benign, “starter mine” 7 Mt Reserve 1. Project enhancement options 2. Examine upgrading options for 1. Resource base = 23 Mt resource
Slide 20: An Emerging Developer with Exploration Upside
COMPELLING SIGNIFICANT ECONOMICS CLEAR EXPLORATION DEVELOPMENT UPSIDE ROMERO: PATH Fully Scalable An Emerging Developer with Exploration Upside We have the money - we have the projects! www.goldquestcorp.com | 20
Slide 21: Share Information and Management
Market Capitalization** ~C$77 M Shares Outstanding 259,442,384 Basic Shares Outstanding 282,911,884 Fully Diluted Cash* +14 M Stock Price** C$0.30 * Cash (Actual) as of December 31st, 2021 **As of January 21 st, 2022 close Management Contact Info: Share Information Dave Massola CEO Paul Robertson CF
Slide 22: Mineral Reserve & Resource Estimate
Mineral Reserve & Resource Estimate Romero Mineral Reserve Estimate Mine Reserves Tonnes Au Ag Cu Au Eq(1) (Cutoff $70 (g/t) (oz) (g/t) (oz) (%) (M lb) (g/t) (oz) NSR)(2) Total Probable 7,031,000 3.72 840,000 4.33 980,000 0.88 136 4.9 1,117,000 (1) Au equivalent metal prices: Au $1,300/oz Cu $2.50/l
Slide 23: GoldQuest's CSR Commitment
GoldQuest’s CSR Commitment ▪ The inclusion of communities in our activities The Planet ▪ Implementation of sustainable • Environmental environmental practices Stewardship ▪ Active participation in the sustainable economic development of the area ▪ Commitment to the safety and health of CSR employees
Slide 24: Gold-Rich VMS Clan
Gold-Rich VMS Clan 167.5 g/t Au at surface Au Zn-Au Au Au Cachimbo Zn-Au Discovery Cu-Au Romero Project Cu-Au Cu-Au www.goldquestcorp.com | 24 Image modified from Dubé, B; Gosselin, P; Mercier-Langevin, P; Hannington, M; Galley, 2007. Mineral deposits of Canada: a synthesis of major deposit-types, d
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