Thesis Gold & Silver Inc. · TSXV:TAU
Thesis Gold & Silver — Thesis Gold — Investor Presentation (March 2025)
17 slides from Thesis Gold & Silver's investor presentation, March 2025
Slide 1: Unlocking the Gold-Silver Potential of the Lawyers-Ranch Project
CORPORATE PRESENTATION | MARCH 2025 TSX-V TAU OTCQX THSGF Unlocking the GOLD-SILVER FSE A3EP87 POTENTIAL of a the Lawyers-Ranch Project in the Toodoggone District, northern BRITISH COLUMBIA
Slide 2: Disclaimer and Cautionary Notes
DISCLAIMER AND CAUTIONARY NOTES FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking information” within the meaning of production at the Lawyer’s Project; regulatory determinations and delays; any Accordingly, Thesis recommends that the reader refer to and read the Technical appli
Slide 3: Lawyers-Ranch Project Highlights
LAWYERS-RANCH PROJECT HIGHLIGHTS N CANADA Recognized Mining Jurisdiction District Scale (495 km2) Land Position in BC the Toodoggone Mining District of BC TECK Schaft Creek Road Accessible and <5 km from NEWMONT the Sturdee Airstrip TECK/NEWMONT Galore Creek Red Chris THESIS GOLD Close to powerline
Slide 4: Excellent Access to Infrastructure and Power
EXCELLENT ACCESS TO INFRASTRUCTURE AND POWER oad from Prince George R N provides year-round access Bot | TDG Gold Corp. Sturdee Airstrip provides BRITISH COLUMBIA Golden Lion | Evergold Corp. flight access from regional Thesis Gold Theory | Eagle Plains Ltd. airports at Terrace, Smithers, Projects P
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Share Top Shareholders Analyst Structure Institutional Support Coverage Equinox Partners Haywood Capital Markets Basic Shares Outstanding 212 M Cormark Securities Inc. Franklin Templeton Investments Hannam & Partners Market Capitalization 1 $151 M Merk Raymond James SCP Resource F
Slide 6: Global Resource Estimate
GLOBAL RESOURCE ESTIMATE AuEq Mineral Mineral Resource Cutoff Classification Tonnes Au Ag Cu AuEq Au Ag Cu AuEq Resource Growth Area AuEq (g/t) (k) (g/t) (g/t) (%) (g/t) (koz) (Moz) (kt) (koz) 6 Total Mineral Resource Estimate 4,705,000 oz Measured 35,987 1.1 38.5 0 1.58 1,268 44.5 0 1,825 MRE updat
Slide 7: 2024 PEA Summary
2024 PEA SUMMARY PEA OUTCOMES Mineable Annual Production Combined Open Pit and Underground Scenario NPV, IRR, and Payback PEA Highlights Lawyers-Ranch PEA Annual Payable AuEq 2024 2024 Gold USD/oz 1930.0 Silver USD/oz 24.0 350.0 Pre-Tax NPV (5%) C$M 1,991.0 Pre-Tax IRR % 46.0 300.0 Pre-Tax Payback P
Slide 8: Lawyers-Ranch 2024 PEA Overview
LAWYERS-RANCH 2024 PEA OVERVIEW Base Case After-Tax NPV (5%) C$1,277M $1,930/oz Au Lower Case After-Tax NPV (5%) C$968M After-Tax IRR 35.20% $24/oz Ag $1,750/oz Au After-Tax IRR 28.8% After-Tax Payback 2 years $22/oz Ag After-Tax Payback 2.4 years 14 Year Mine Life 2 Spot Case After-Tax NPV (5%) C$2
Slide 9: Leveraging Silver
LEVERAGING SILVER 2024 PEA Highlights(1) Silver “Peer” Positioning 1,211 Total Resource (MMoz AgEq)(4) Silver (MMoz Ag) Gold (MMoz AgEq) 84 Moz 488 477 Silver 542 87 416 Base Metals (MMoz AgEq)(5) Resource(2) 170 73 370 320 111 21 262 261 75 168 362 117 274 112 88 131 558 51 232 175 182 151 58 121 9
Slide 10: Lawyers-Ranch 2024 PEA Overview
LAWYERS-RANCH 2024 PEA OVERVIEW Road to Ranch Project N Proposed Mill 14.1-Year LOM AGB at an average head- Waste Rock grade of 1.59 g/t AuEq RANCH PROJECT Cliff Creek LAWYERS PROJECT US $1,013 / Au oz 1.8 km STURDEE LOM AISC AIRSTRIP (net of byproducts) m 1.7 k 215,000 oz AuEq Avg. Annual Productio
Slide 11: Lawyers-Ranch - Path to Production
LAWYERS-RANCH - PATH TO PRODUCTION 2018 Lawyers Project acquired: beginning of modern exploration 2019 and early infrastructure Initiation of upgrades environmental, metallurgical, and engineering studies at Lawyers 2021 First Nation 2021 2022 agreements and Initiation of Lawyers MRE committees meta
Slide 12: Project Development
PROJECT DEVELOPMENT Engineering Investigations 2024 2025 Environmental Baseline Studies Year 1 Year 2 PEA PFS Aquatics Geotechnical/Hydrogeological - Mining Lawyers Site-Wide Hydrogeological (Monitoring Wells) ** Lawyers OP Terrestrial ** Lawyers UG Aquatics 95% Complete Ranch OP Ranch Site-Wide Hyd
Slide 13: Ranch Deposit Resource
RANCH DEPOSIT RESOURCE Mineral Resource Cutoff Tonnes Au Ag Cu AuEq Au Ag Cu AuEq RANCH DEPOSIT Area AuEq (g/t) Classification (k) (g/t) (g/t) (%) (g/t) (koz) (Moz) (kt) (koz) Pit-Constrained Mineral Resource Estimate N Indicated 4,259 2.01 9.5 0.06 2.21 275 1.3 3 303 Ranch 0.4 LAWYERS DEPOSIT Infer
Slide 14: The Toodoggone - District Exploration Upside
THE TOODOGGONE - DISTRICT EXPLORATION UPSIDE Recent discoveries reinforce the potential for the Toodoggone District to emerge as a premier fertile porphyry epithermal camp. he genetic link between T epithermal mineralization, hydrothermal alteration, and nearby porphyry systems is well established h
Slide 15: Management and Board Overview
MANAGEMENT AND BOARD OVERVIEW Management Ewan Webster Sean Mager Dr Evan Orovan Nick Stajduhar CEO & President CFO Chief Geologist VP, Corporate Development Kettina Cordero Eric Pierce Nicole Rioseco VP, Investor Relations Director, Environment & Internal Communication Community & Coordination Board
Slide 16: Environmental, Social, and Governance
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE ogether we established exploration, T Together we initiated baseline engagement and communications environmental studies as part agreements with our partner Nations of permitting T hesis is providing employment, ildlife monitoring and W training and contracting
Slide 17: Contact
VANCOUVER OFFICE 1075 West Georgia Street, Suite 1050 Vancouver, BC, Canada V6E 3C9 TSX-V TAU EWAN WEBSTER KETTINA CORDERO President, CEO & Director Vice President Investor Relations OTCQX THSGF ewanw@thesisgold.com kettinac@thesisgold.com FSE A3EP87 thesisgold.com 17