I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (September 2024)
25 slides from I-80 Gold's investor presentation, September 2024
Slide 1: Made in the U.S.A.
MADE IN THE U.S.A. NYSE:IAUX | TSX:IAU September 2024
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CautionaryStatementRegarding Forward-Looking Information DISCLAIMER Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements or information regarding: com
Slide 3: Our Vision: The Opportunity
OUR VISION I-80 GOLD Convert exploration success into operational excellence THE OPPORTUNITY • All-Nevada – one of the world’s premier mining jurisdictions • One of the largest holders of gold and silver resources in the United States: • 14.6 M oz Au (6.5 M oz M+I – 8.1 M oz Inf) • +180 M oz Ag (104
Slide 4: Fundamentals: Large High-Grade Resource Base
FUNDAMENTALS Large High-Grade Resource Base Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) • Targeting a significant increase in AuEq resources: • Underground and surface drilling in the SPZ at Granite Creek • Significant expansion potential at the Ruby Deeps and 428 Zones • Wo
Slide 5: Fundamentals: Superior Grades
FUNDAMENTALS SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) Superior Grades 2 .0 0 1 .8 0 1.53 1.56 1.77 1.39 1.42 1.42 • i-80 open-pit grades rank among the 1 .6 0 1.11 1 .4 0 1.02 0.93 highest-grade in the US, especially 1 .2 0 0.84 0.87 0.74 1 .0 0 0.61 0.63 0.50 0.50 0.52 0.53 0.5
Slide 6: Central Nevada: World's Most Productive Gold District
CENTRAL NEVADA World’s Most Productive Gold District • The Carlin & Battle Mountain Trends in Central Nevada collectively represent the world’s most productive gold “district” • i-80 is the largest holder of gold resources in the Central Nevada district next to Nevada Gold Mines (Barrick-Newmont JV)
Slide 7: Lone Tree Mine
• One of three companies in Nevada with refractory ore processing facility • Future Upside Opportunities: 100% OWNED • Powerline Fault Underground LONE TREE MINE • Sequoia Fault Discovery GRANITE CREEK MINE • Buffalo Mountain Near-Pit Mineral Resources Tonnage Au Grade Gold OUR COMPETITIVE ADVANTAGE
Slide 8: Granite Creek
GRANITE CREEK (Au) UNDERGROUND AND OPEN PIT RESOURCES Location: Mineral Resources – Underground • Immediately South of NGM’s Turquoise Category Tonnage Au Grade Gold Ridge Mine (+25 M oz Au) (kt) (g/t) (Koz) • ~55km to Lone Tree autoclave Measured & Indicated 1,008 10.40 337 Status: Inferred 741 13.
Slide 9: Granite Creek: Resource Expansion
GRANITE CREEK 600 m Resource Expansion • The SPZ Zone remains open at depth and along strike to the north • Surface & underground results demonstrate grades consistently in excess of 10 g/t Au over expected mine widths Open • Historic drilling suggests the potential to extend mineralization >1 km no
Slide 10: Granite Creek SP 4185 Level Reconciliation
GRANITE CREEK SP 4185 LEVEL RECONCILIATION (FIRST LEVEL) South Pacific Zone • First production level of the South Tonnage Au Grade Gold Pacific Zone has been mined. (Tons) (opt) (oz) • Grade has matched expectations, with Expected 2113 0.256 541 significantly higher tonnages. Actual Mined 5,852 0.25
Slide 11: Granite Creek: Open Pit Upside
GRANITE CREEK Mineral Resources – Open Pit Category Tonnage Au Grade Gold Upside – Open Pit Project (kt) (g/t) (Koz) • One of North America’s highest-grade, Measured & Indicated 28,306 1.42 1,291 development-stage, heap leap projects Inferred 1,531 1.26 62 • Significant oxide and transitional minera
Slide 12: Cove Mine
COVE MINE (Au, Ag, Zn, Pb) Location: • Immediately South of NGM’s Phoenix Cu- Au Mine • ~ 85 km to Lone Tree autoclave UNDERGROUND RESOURCES Mineral Resources2 Status: • Underground definition drilling program to Tonnage Au Grade Gold increase M+I resources (kt) (g/t) (koz) • Complete hydrological p
Slide 13: Cove Mine: Advanced Exploration Program
COVE MINE Advanced Exploration Program • One of the highest-grade, development stage, gold deposits in North America • Open for expansion down-plunge • Large-scale property with excellent exploration upside PG-01 • Several new discoveries have yet to be 40.0 g/t – 3.0m followed-up including polymeta
Slide 14: McCoy Pit: Upside Opportunities
MCCOY PIT Upside Opportunities • i-80 has restarted work at McCoy, assessing the potential for a high-grade oxide open pit expansion • Located above the water table therefore could be the opportunity to develop on an expedited basis • Several new discoveries have yet to be followed-up including poly
Slide 15: Ruby Hill
RUBY HILL (Au, Ag, Zn, Pb, Cu) UNDERGROUND AND OPEN PIT RESOURCES Location: Mineral Resources – Underground • Dominant land position in the Eureka Category Tonnage Au Grade Gold Mining District (kt) (g/t) (Koz) • ~250 km to Lone Tree M&I 1,200 5.22 202 Status: • Permitting for underground developmen
Slide 16: Ruby Hill: Multiple Deposits, Shared Infrastructure
RUBY HILL Multiple Deposits – Shared Infrastructure • Designing infrastructure to access both gold (Ruby Deeps & 426) and polymetallic base Upper Hilltop metal deposits (Blackjack & Hilltop) • Underground platforms will provide improved locations to target expansion of mineralized zones & reduce cos
Slide 17: Mineral Point
Mineral Point $1,650 Pit, Mineral Point, Achilles MINERAL POINT and Hector 0.01 opt Mineralization Hector Future Upside Opportunity • One of the largest oxide Au-Ag deposits in the United States Achilles • Part of the Company’s 10-year plan with the potential to become i-80’s largest gold producing
Slide 18: FAD Project
FAD PROJECT (Au, Ag, Zn, Pb) Open for expansion to the SE and NE High-Grade Polymetallic Deposit • Definition and expansion drill program completed in 2023 – recent results include: • 9.0 g/t Au, 92.4 g/t Ag, 12.2% Zn & 1.0% Pb - 14.6 m (PC23-22) • 3.9 g/t Au, 185.6 g/t Ag, 11.1% Zn & 3.6% Pb - 25.4
Slide 19: Our Future: Going Forward
OUR FUTURE Convert exploration success into operational excellence THE OPPORTUNITY • All-Nevada – one of the world’s premier mining jurisdictions • One of the largest holders of gold and silver resources in the United States: • 14.6 M oz Au (6.5 M oz M+I – 8.1 M oz Inf) • +180 M oz Ag (104 M oz M+I
Slide 20: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 384,935,525 Warrants 48,185,249 Options 10,940,295 RSU’s/DSU’s 3,429,491 Fully Diluted 447,490,560 • On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears a
Slide 21: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS RICHARD YOUNG MATT GILI MATT GOLLAT RYAN SNOW TODD ESPLIN ANDY COLE JON LAIRD Chief Executive President & COO Executive Vice- Chief Financial Officer Technical Director Senior Mining & Cove & Granite Creek Officer & Director President Pr
Slide 22: Mineral Resources
MINERAL RESOURCES MINERAL RESOURCES1,2,3,4,5,6 Tonnes Au Grade Ag Grade Au Ounces Ag Ounces (kt) (Au g/t) (Ag g/t) (Koz) (Koz) Mineral Resources Attributable to i-80 Gold Corp. upon closing of the Lone Tree Measured and Ruby Hill Arrangements Granite Creek - Open Pit 20,857 1.47 988 Granite Creek -
Slide 23: Drill Hole Press Release Links: Granite Creek
DRILL HOLE PRESS Granite Creek https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-underground-drilling-at-granite-creek/ RELEASE LINKS: https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-expansion-drilling-at-granite-creek/ https://www.i80gold.com/i-80-gold-reports-final-re
Slide 24: Drill Hole Press Release Links: Ruby Hill
DRILL HOLE PRESS Ruby Hill RELEASE LINKS: https://www.i80gold.com/i-80-gold-drilling-intersects-7-1-g-t-au-over-78-6-m-including-10-1-g-t-au-over-41-8-m-at-ruby-hill/ https://www.i80gold.com/i-80-gold-intersects-19-8-g-t-au-over-33-2-m-in-southmost-step-out-hole-at-ruby-hill/ Press Release links to
Slide 25: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS EVA BELLISSIMO CHRISTINA CASSANDRA RON CLAYTON JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV MCCARTHY JOSEPH Chairman Director Director Director Director Director Director Director 4 0 + year s 2 0 + year s leg al, 4 0 + year s o p er atio n al 2 5 year s ex p er ie