Contango Silver & Gold Inc. · AMEX:CTGO
Contango Silver & Gold — Contango ORE — Merger or Acquisition (May 2024)
21 slides from Contango Silver & Gold's merger presentation, May 6, 2024
Slide 1: Building Alaska's Next Gold Mines: HighGold Transaction
NYSE-A: CTGO BUILDING ALASKA’S NEXT GOLD MINES Corporate Presentation HighGold Transaction May 2, 2024 TSXV: HIGH OTCQX: HGMIF Exhibit 99.2
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The Feasibility Study (“FS”) referenced herein that relates to Peak Gold, LLC (“Peak Gold”), was prepared by Kinross Gold Corporation (“Kinross”), which controls the Manager of Peak Gold and holds 70% of its outstanding membership interests, in accordance with Canadian Nati
Slide 3: Manh Choh Mine: On Schedule, On Budget…and Safe!
3 Manh Choh Mine: On Schedule, On Budget…and Safe! Manh Choh Alaska’s Newest Mine
Slide 4: Building Alaska's Next Gold Mines
CFO Ds ONTANGO Ox 5000" BUILDING ALASKA'S NEXT GOLD-MINES CONTANGO ORE IS AN AMERICAN, NEW YORK STOCK EXCHANGE LISTED COMPANY WITH HEADQUARTERS IN FAIRBANKS, ALASKA. MANH CHOH JOHNSON TRACT ‘LUCKY SHOT MINE PROJECT MINE FULLY FINANCED | FULLY PERMITTED IM OZ GRADING 9.4G/T AU EG HISTORICALLY. PRODUC
Slide 5: Developing Alaska's Next Gold Mines
Lucky Shot Mine 100% owned Exploring historic high-grade gold mine Permitted for mining 106,000 Oz Indicated Resource grading 14.5 g/t Au Reserves/Resources Exploration Stage Fort Knox Mill Developing Alaska’s Next Gold Mines 5 Manh Choh Mine – Mining and Stockpiling Ore Underway with Production in
Slide 6: Johnson Tract – High-Grade Au (Cu-Zn), Alaska USA
6 Johnson Tract – High-Grade Au (Cu-Zn), Alaska USA JT Deposit Resource 1.05 Moz @ 9.4 g/t AuEq Indicated (40m true width) 0.11 Moz @ 4.8 g/t AuEq Inferred* Gold with Critical Mineral coproducts Cu + Zn Multi-deposit district potential Good access and local workforce * 3.5 Mt Indicated @ 5.3 g/t Au,
Slide 7: Johnson Tract: Contango's Next DSO Opportunity
Johnson Tract: Contango’s Next DSO Opportunity 7 Asia-Pacific Destinations Coastal Alaska & BC Mines Benchmark barge cost ~$25/t Benchmark UG mining cost ~$78/t Benchmark processing cost ~$35/t NSR value of Ind. Resource ~$400/t* Premier Mine Kensington Mine Greens Creek Mine Myra Falls Mine Calder
Slide 8: HighGold Transaction Rationale
HighGold Transaction Rationale 8 Enhancing Contango’s portfolio via operational diversification in Alaska Manh Choh is Alaska’s next gold mine – first gold pour expected in July 2024 Johnson Tract adds a 3rd high-grade project in Alaska to Contango’s portfolio 1 2 3 4 5 Doubling down on ‘proof-of-co
Slide 9: Benefits to Shareholders
Significant premium of 59% based on the 20-day VWAP of both companies; Early participation in an emerging North American gold producer with a leading pipeline of high-grade gold deposits Strong free cash-flow projection from Manh Choh operations during a period of rising gold prices Potential for su
Slide 10: HighGold Transaction Structure and Timing
HighGold Transaction Structure and Timing 10 Proposed Transaction Court-approved Plan of Arrangement under which Contango will acquire all of the issued and outstanding shares of HighGold Consideration Contango will issue 0.019 of a common share of Contango for each HighGold common share held Repres
Slide 11: Johnson Tract – Key Highlights
11 Johnson Tract – Key Highlights Grade + Thickness – JT Deposit (1Moz @ 9.4 g/t AuEq) 40m true width, 10x thicker than high-grade peers Ideal for Low-Cost UG Mining – subvertical, bulk-mining widths, ramp access, bottom-up/gravity assist Metallurgy – excellent metal recoveries at coarse grind to hi
Slide 12: Select JT Deposit Drill Results
108.6 m of 10.4 g/t Au, 7.6% Zn, 0.7% Cu, 2.0% Pb and 8 g/t Ag 71.4 m of 20.9 g/t Au, 9.8% Zn, 0.9% Cu, 1.6% Pb, and 9 g/t Ag 99.7 m of 10.1 g/t Au, 6.7 g/t Ag, 0.9% Cu, 1.3% Pb, and 6.3% Zn 137.7 m of 11.3 g/t Au, 2.4% Zn, 0.5% Cu, 0.5% Pb, and 4 g/t Ag 112.2 m of 10.3 g/t Au, 6.35 g/t Ag, 0.7% Cu,
Slide 13: Progressive Partnership
13 Progressive Partnership Johnson Tract Leased from CIRI Alaska Native Corp Johnson Tract CIRI Red Dog Donlin Alaska Native Claims Settlement Act (1971) Model system for Native Land Claims & Resource Development, providing certainty and fairness Alaska Native Corporations hold title to lands with h
Slide 14: Johnson Tract Property and CIRI exploration lands
14 Johnson Tract Property and CIRI exploration lands Accessible Coastal Southcentral, Alaska CIRI Lands Regional Exploration Pursuant to ANCSA, CIRI Alaska Native Corporation selected the Johnson Tract as well as other lands within the boundaries of what is now Lake Clark National Park. As part of t
Slide 15: Johnson Tract site: portal, camp and airstrip
15 Manh Choh Mine: On Schedule, On Budget…and Safe! Proposed Portal Site Camp Existing Airstrip Private surface rights (CIRI ownership) Wide flat valley with minimal wetland – well suited for surface infrastructure JT Deposit Proposed Portal Access Road
Slide 16: Johnson Tract: Attractive Attributes for Underground Mining
Johnson Tract: Attractive Attributes for Underground Mining 16 Looking Southeast Potential for short lateral UG ramp to base of the JT Deposit Gravity assist, bottom-up mining Highest grade accessed first JT Deposit
Slide 17: JT Deposit Proposed UG Exploration Ramp
17 JT Deposit Proposed UG Exploration Ramp Purpose and Objective: Infill drilling from underground to support resource upgrade and advance economic studies for a DSO mine Access to drill test deep exploration targets and >1.5 km of high potential mineral trend Plan to Initiate Permitting H2 2024
Slide 18: Ellis Zone discovery and new geophysical targets
18 Ellis Zone discovery 4km NE of JT Deposit 578 g/t Au and 2,023 g/t Ag over 6.4 m New Geophysical Targets 2023 geophysical survey defines 12km (7.5 mi) mineral trend Geophysics, geochemistry and geology define Distinct +10km long epithermal/VMS trend Two potential intrusive related Cu-Au targets (
Slide 19: Thank You
THANK YOU 19 Corporate Inquires: info@contangoore.com +1-907-888-4273 www.contangoore.com Twitter: @orecontango LinkedIn: Contango ORE Instagram: ContangoORE Facebook: Contango ORE QUESTIONS? Corporate Inquiries: nicole@highgoldmining.com +1-604-629-1165 toll free 1-855-629-1165 www.highgoldmining.c
Slide 20: Non-GAAP financial measures notice
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources, free cash flow and EBITDA, which are financial measures not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimat
Slide 21: Forward-looking statements
This corporate presentation contains forward-looking statements and certain “forward-looking information” (within the meaning of Canadian securities legislation) regarding Contango, HighGold, the Transaction, the terms of the Transaction, the expected benefits of the Transaction, the completion of t