Chesapeake Gold Corp. · TSXV:CKG
Chesapeake Gold — Investor Presentation (December 2020)
17 slides from Chesapeake Gold's investor presentation, December 2020
Slide 1: Alderley Gold Corp. Transaction
Alderley Gold Corp. Transaction Combining a World Class Asset with Innovative Processing Technology CKG: 1 TSX.V CHPGF: OTCQX December 2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking” statements within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. All reserve estimates reported by the Company were calculated in accordance with the Canadi
Slide 3: Transaction Highlights & Rationale
Transaction Highlights & Rationale ✓ Establishes a Well-Capitalized, Innovative Gold Development Company ◼ Strong balance sheet (~$35mm in treasury) to advance Metates, with proven and probable reserves1 of ~18mm oz Au, ~500mm oz Ag and ~ 4bn lbs Zn. ✓ Metates as a Low Capital Cost, Sulfide Heap Lea
Slide 4: Transaction Terms
Transaction Terms Transaction ⚫ Chesapeake has acquired Alderley Gold Corp., a Canadian applied mining technology company Summary ⚫ 10 million Chesapeake shares issued to Alderley Gold Corp. shareholders Consideration ⚫ Pro forma ownership: ~14% of Chesapeake (fully diluted) ⚫ Alan Pangbourne, Randy
Slide 5: Chesapeake's Strategy and Vision
Chesapeake’s Strategy and Vision Build an intermediate gold producer via projects amenable to refractory gold heap leaching Explore ⚫ Add nearby ounces, extend mine life Expand ⚫ Ramp up production at Metates and other projects beyond initial ‘starter’ scale Produce ⚫ Bring Metates into production,
Slide 6: Technology Background
Technology Background ⚫ Recently introduced the concept of oxidizing and leaching transitional and sulfidic material in a heap leach application ◼ Extensively tested and proven in field ◼ Backed by years of test work and tens of millions of dollars in R&D spending ⚫ Technology accomplishes two goals
Slide 7: Technology Advantages
Technology Advantages ⚫ Sulfide heap leach technology provides opportunities to strategically improve the project economics of certain large scale, marginal deposits, while reducing their planned environmental footprints in an era of intense ESG focus ⚫ Will produce ‘green gold’ as sulfide heap leac
Slide 8: Metates: Waking A Sleeping Giant
Metates: Waking A Sleeping Giant ⚫ Metates is one of the world’s largest undeveloped gold-silver-zinc projects with P&P reserves1,2 – ~18 million ozs gold (1.1Bt @ 0.5 g/t Au) – ~500 million ozs silver (1.1Bt @ 14.2 g/t Ag) – ~4 billion lbs zinc (1.1Bt @ 0.16 % Zn) ◼ Life of mine low strip ratio 1:1
Slide 9: Metates: World Class Reserves
Metates: World Class Reserves Gold-Silver Equivalent Reserves (mm oz) - 2019 52.5 44.5 25.2 25.1 22.1 20.5 17.6 6.5 Source: As Reported in 2019 Company Disclosures 9 1. 2016 Pre-Feasibility Study. See page 8 for further details. Gold-Silver Equivalent calculated at US$1,800/oz Au, US$25/oz Ag.
Slide 10: Proven Management Team Additions
Proven Management Team Additions ⚫ >70 years experience working with Alan Pangbourne – CEO & Director the largest companies in the mining ⚫ >35 years of experience in mining operations; most recently President & CEO of Guyana Goldfields Inc. (sold space to Zijin Mining Group Co., Ltd. for a 378% pre
Slide 11: Capital Structure & Shareholder Distribution
Capital Structure & Shareholder Distribution Capital Structure Share Price TSX Venture, OTCQX, symbol CKG, CHPGF Recent Share Price C$4.55 Share Price (52 week range) C$1.40 - $7.61 Basic Shares Outstanding (mm) 65.4 Market capitalization (basic) C$298 million Capital Position Shareholder Distributi
Slide 12: New Chesapeake: Significantly Undervalued
New Chesapeake: Significantly Undervalued Enterprise Value / Au-Ag Equivalent oz (US$) $148 $112 Strong re-rating potential $83 $66 $66 $46 $29 $25 $10 $8 Novagold Osisko Sabina Midas Corvus Belo Sun Orezone Seabridge Falco Metates Mining Source: Company Disclosures 12 Gold-Silver Equivalent calcula
Slide 13: Appendix
Appendix: ES 18. > ™ 526 MILLION OZ SILVER 4.2 BILLION LB ZINC METAT Na Mexico's Largest Undeveloped Gold and Silver Deposit
Slide 14: Project Location Map
Project Location Map 14
Slide 15: Management and Board
Management and Board Management Directors P. Randy Reifel P. Randy Reifel President & Chairman, 36 years experience Former Francisco Gold CEO, Glamis and Goldcorp director Alan Pangbourne Alan Pangbourne Chief Executive Officer, 35 years experience Former Guyana Goldfields CEO; SSR Mining COO; Kinro
Slide 16: Metates: One Of The World's Largest Undeveloped Silver Deposits
Metates: One Of The World’s Largest Undeveloped Silver Deposits 700 600 500 (Million ozs) 400 300 200 100 0 Pan American South 32 Silver Standard Chesapeake Levon Bear Creek Navidad Hermosa Pitarilla Metates1 Cordero Corani Source: Company Disclosures 16 1. 2016 Pre-Feasibility Study. See page 8 for
Slide 17: For More Information Contact
For More Information Contact: Head Office: USA Project Office: Mexico Office: Suite 201-1512 Yew Street 1194 Silverheels Drive Cerro Blanco #410, Lomas De Sahuatoba Vancouver, BC V6K 3E4 Larkspur, Colorado, USA 80118 Durango, Mexico, CP 34108 Phone: 604-731-1094 Phone: 720-308-1113 Phone: 52-618-130
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