I-80 Gold Corp · TSX:IAU
I-80 Gold — Q3 2024 Earnings Presentation
21 slides from I-80 Gold's earnings presentation, November 2024
Slide 1: Q3 Conference Call November 2024
MADE IN THE U.S.A. NYSE:IAUX | TSX:IAU Q3 Conference Call November 2024
Slide 2: Disclaimer: Cautionary Statement Regarding Forward-Looking Information
DISCLAIMER CautionaryStatementRegarding Forward-LookingInformation 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: low
Slide 3: Our Vision: Creating a Nevada-Based, Mid-Tier Gold Producer
OUR VISION: CREATING A NEVADA-BASED, MID-TIER GOLD PRODUCER THE OPPORTUNITY • All-Nevada: one of the world’s premier mining jurisdictions • Low capital intensity projects with near-term cash flow opportunity • Access to infrastructure and skilled labor force • One producing mine and four development
Slide 4: New Strategy
NEW STRATEGY • The Company intends to focus on its advanced stage gold projects which are expected to have low capital intensity and a clear path to cash flow generation: NEW DEVELOPMENT PLAN • Granite Creek underground and open pit projects • Archimedes underground (previously Ruby Deeps and 426 zo
Slide 5: New Development Plan Summary
NEW DEVELOPMENT PLAN Summary • Advance three underground projects (one already producing) and move two open pit projects through permitting and to production • Timelines illustrated below are subject to permitting, technical studies, balance sheet recapitalization, and Board approval 2025 2026 2027
Slide 6: Granite Creek Underground and Open Pit Resources
GRANITE CREEK UNDERGROUND AND OPEN PIT RESOURCES Overview Mineral Resources – Granite Creek Underground Location: Category Tonnage Au Grade Gold • ~10km South of NGM’s Turquoise Ridge (kt) (g/t) (koz) Mine (25+ Moz Au discovered to date) Measured & Indicated 1,008 10.40 337 • ~55km to Lone Tree auto
Slide 7: Granite Creek Underground
GRANITE CREEK Underground 600m • Reconciling well to model on tonnage and grade • Highly prospective for additional high-grade mineralization • SPZ remains open at depth and along strike to the north • Historic drilling suggests the potential to extend mineralization >1 km north • Increased ground w
Slide 8: Granite Creek Open Pit
GRANITE CREEK Open Pit • High-grade and large development-stage, open-pit heap leach projects • Low capital intensity project • Potential to use existing infrastructure (Lone Tree) CX Pit • 2025 focus on permitting and technical studies Mag Pit • Significant oxide and transitional mineralization rem
Slide 9: Ruby Hill Complex Underground and Open Pit Resources
RUBY HILL COMPLEX UNDERGROUND AND OPEN PIT RESOURCES Overview Mineral Resources – Archimedes Underground 1.0 km Projects: Category Tonnage Au Grade Gold Archimedes • Archimedes Underground project: Ruby (kt) (g/t) (koz) Underground Deeps and 426 Zone Ruby Deeps M&I 1,200 5.22 202 • Mineral Point Ope
Slide 10: Ruby Hill Complex: Archimedes Underground
RUBY HILL COMPLEX Archimedes Underground Archimedes • Archimedes Underground is comprised of (Open Pit) Ruby Deeps and 426 Zone • Preliminary economic assessment is expected to be published by Q1 2025 • Focus in 2025 is advancing infrastructure to access Ruby Deeps & 426 Zone and 426 Zone continuing
Slide 11: Ruby Hill Complex: Mineral Point Open Pit
RUBY HILL COMPLEX Mineral Point Open Pit • Past-producing open pit mine • A large oxide Au-Ag deposits & largest in i-80’s portfolio • Potential to become i-80’s largest gold producing asset Mineral Point • 2025 work to focus on baseline studies in preparation of permitting applications • Preliminar
Slide 12: McCoy-Cove Mine Underground Resources
UNDERGROUND RESOURCES MCCOY-COVE MINE Mineral Resources – McCoy-Cove Mine Overview Tonnage Au Grade Gold Location: (kt) (g/t) (koz) • Immediately South of NGM’s Phoenix Cu-Au Indicated 1,007 10.9 351 Mine; ~ 85 km to Lone Tree autoclave Inferred 3,867 10.9 1,353 Status: • Underground definition dril
Slide 13: Lone Tree Complex
LONE TREE COMPLEX Mineral Resources – Lone Tree Open Pit Overview Tonnage Au Grade Gold Location: (kt) (g/t) (koz) • Centrally located between i-80’s assets Indicated 7,200 1.77 410 enabling hub-and-spoke processing Inferred 50,700 1.69 2,764 Status: • Autoclave refurbishment class 3 engineering stu
Slide 14: Operations – Q3 2024
OPERATIONS – Q3 2024 Granite Creek Underground – Tons Mined per Month 30,000 Granite Creek Underground – Ounces Mined per Month 6,000 Granite Creek Underground • Total material mined of 53,251 tons at 6.07 20,000 4,000 g/t, including 22,488 tons of low-grade material at 2.92 g/t 10,000 2,000 • Mined
Slide 15: Finance – Q3 2024
FINANCE – Q3 2024 Overall 3-Month Period ended September 30, 3-Month Period ended September 30, • Revenues of $11.5 million with gold sales totaling 3,063 ounces for $7.4 million, and In millions of US$, except per share amounts 2024 In millions of US$, except per share amounts 2024 14,696 tons of m
Slide 16: Re-Capitalization
RE-CAPITALIZATION • The Company envisages a two-step recapitalization process which will include demonstrating a viable path to generating free cash flow, and rescheduling and/or refinancing the existing debt obligations • Phase one of this plan will include finding a solution for short-term commitm
Slide 17: Base Metal Exploration and Development
BASE METAL EXPLORATION AND DEVELOPMENT • On November 7, 2023, i-80 Gold entered into a non-binding letter of intent with a third party to consider a joint venture agreement for Ruby Hill with a focus on base metal exploration and development. In addition to deposits with base metal potential (FAD, B
Slide 18: Organizational Changes
ORGANIZATIONAL CHANGES • Since i-80 Gold’s inception, the Company’s focus has been on asset acquisition and exploration. As the Company evolves into a developer and producer the organizational structure and skill set of its employees needs to evolve to meet the new development plan in order to becom
Slide 19: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN DEVELOPING AND FINANCING MINING OPERATIONS RICHARD YOUNG MATT GILI RYAN SNOW DAVID SAVARIE LEILY OMOUMI Chief Executive President & Chief Chief Financial Officer Senior VP General VP Corporate Officer & Director Operating Officer Counsel Development & Str
Slide 20: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS RICHARD YOUNG EVA BELLISSIMO CHRISTINA CASSANDRA RON CLAYTON JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV MCCARTHY JOSEPH Chief Executive Chairman Director Director Director Director Director Director Director Officer & Director 4 0 + year s 2 0 + year s leg al, 40
Slide 21: 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 -