Perpetua Resources Corp. · TSX:PPTA

Perpetua Resources — Midas Gold — Investor Presentation (May 2017)

46 slides from Perpetua Resources's investor presentation, May 2017

  1. Slide 1: Stibnite Gold Project, Idaho, USA

    1 3 STIBNITE GOLD PROJECT I DA H O , U S A MAX.TSX MDRPF.OTCQX MAY 2017

  2. Slide 2: Forward Looking Statements

    F O R WA R D L O O K I N G S TAT E M E N T S 2 Statements contained in this presentation that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and

  3. Slide 3: Who We Are

    3 WHO WE ARE Midas Gold Idaho is based right here in Idaho and most of us call Idaho home. We are dedicated to doing business the right way by caring for the environment, our community and our employees.

  4. Slide 4: Our Vision

    4 OUR VISION As an industry, we must take responsibility for the future of the environment. We can start by cleaning up the legacies of our past. At Midas Gold, we can lead the way.

  5. Slide 5: The Stibnite Gold Project

    5 THE STIBNITE GOLD PROJECT We can take an area abandoned after 100 years of mining and use a sustainable approach to restore the environment and develop a modern mining industry.

  6. Slide 6: Stibnite Gold Project

    6 STIBNITE GOLD PROJECT

  7. Slide 7: Stibnite Gold Project

    STIBNITE GOLD PROJECT 7 Coeur d’Alene Stibnite Gold Project Midas Gold Au-Sb McCall Cascade BOISE IDAHO

  8. Slide 8: Historic Stibnite Mining District

    MINING HISTORY HISTORIC 8 STIBNITE 1899 The Thunder Mountain gold rush brings mining to the area 1900-1930 1938 Mining at Yellow Pine pit stops The Town of Stibnite is established MINING 1943-1950 salmon migration upstream The town of Stibnite booms when antimony is declared a critical mineral DISTR

  9. Slide 9: A Site in Need of Repair

    A SITE IN NEED OF REPAIR Forest fire damage 9 10.5 million contributing to erosion and sediment run-off tons of spent ore and Hundreds of tons unconstrained tailings left behind of sediment erode into Abandoned open pits, the river each year. tailings, waste dumps, smelter site, town sites, heap lea

  10. Slide 10: Our Plan to Restore the Site

    OUR PLAN TO RESTORE THE SITE Add natural contouring, new soil 10 & vegetation to foster Repair over growth ~50,000 feet of stream channel Repurpose ~7.5 million tons of spent ore Leave natural Reprocess ~3 million tons gradient & vegetation of tailings. for slope stability & erosion reduction 450 ac

  11. Slide 11: Plan of Restoration and Operations

    11 PLAN OF RESTORATION AND OPERATIONS Be Stewards of the Environment Minimize our Impact Leave the area better than we found it

  12. Slide 12: Industry Can Repair the Environment

    INDUSTRY CAN 13 REPAIR THE ENVIRONMENT ECONOMY ENVIRONMENT Invest $1 billion in Idaho Reprocess historical tailings Provide well-paid jobs to Idahoans Restore fish passage Grow economic opportunity with an Repair historically impacted waterways estimated $43 million in direct annual Remediate areas

  13. Slide 13: Restore Fish Migration for the First Time Since 1938

    East Fork of the South Fork of the Salmon River 16 flows into the Yellow Pine pit. RESTORE FISH MIGRATION FOR THE FIRST TIME SINCE 1938

  14. Slide 14: Blowout Creek Restoration

    BLOWOUT REPAIR WATER QUALITY 17 CREEK 1965 Meadow Creek Reservoir failed and caused a massive ongoing source of sedimentation RESTORATION Degrading water quality and aquatic habitat Impairing the wetlands Dropping the water table 14 feet OUR PLAN Permanently Repair the cut and source of sedimentatio

  15. Slide 15: Migration Home Restored, Natural Habitat

    MIGRATION HOME Restore the natural 19 flow and gradient of Reconnect the East Fork of the anadromous fish to Repair ~50,000 South Fork of the ~6 miles of historic feet of stream Salmon River habitat channel & riparian habitat Build ~450 acres of wetland and open water Safeguard water quality through

  16. Slide 16: Sustainability and Community

    21 SUSTAINABILITY AND COMMUNITY

  17. Slide 17: Midas Gold's Core Values

    MIDAS GOLD’S CORE VALUES 22 Safety Environmental Responsibility The health and safety of our employees, We go above and beyond what is required; contractors and the public is of the utmost we find practical solutions to manage growth importance. while protecting and enhancing the natural environment

  18. Slide 18: Listening to the Community

    23 LISTENING TO THE COMMUNITY We believe transparency and honesty are critical to the process. To develop the best possible plan, we listened to stakeholders and the local community.

  19. Slide 19: Sustainability Starts Now

    SUSTAINABILITY STARTS NOW 24 Removed 30.5 tons of historic scrap metal Recycled 3,600 lbs of materials since 2013 Planted 40,975 trees since 2011 Reclaimed 33 acres since 2009 20,600 kWh solar power produced since 2015 1,364 person-hours on health and safety training 1,790 hours volunteering in the

  20. Slide 20: Socioeconomics & Workforce

    25 S O C I O E C O N OM I C S & W O R K F O R C E

  21. Slide 21: Project Schedule

    PROJECT SCHEDULE 26 Early Mining, Ore Final Restoration, Processing & Restoration, Monitoring Redevelopment Restoration Closure & & Construction Reclamation ~3 yrs 12-15 yrs 3+ yrs 5+ yrs Restoration activities concurrent with construction and mining

  22. Slide 22: 4+ million ounces of gold

    28 produce 4+ million ounces of gold* * Based on 2014 Pre Feasibility Study

  23. Slide 23: ~100 million pounds of antimony

    29 produce ~100 million pounds of antimony* Effectiveness of antimony flame retardant (left coverall) * Based on 2014 Pre Feasibility Study

  24. Slide 24: Today's Professionals: Look to Idaho First

    TODAY’S PROFESSIONALS 30 Equipment Operators Geologists Security Engineers Chemists Managers Metallurgists Hydrologists Environmental Engineers IT Specialists Geotechnical Engineers Safety Supervisors Accountants Communications Maintenance Mechanics Electricians Surveyors Commercial Drivers Drillers

  25. Slide 25: Employment

    EMPLOYMENT 31 ~ 2-3 year construction period* Approx. 400 direct jobs in Idaho Average wage: $70,000 Average annual payroll ~ $34 million ~ 12 year operating life* Approx. 500 direct jobs in Idaho* Average wage: $80,000* Average annual payroll ~$42 million *(Life of mine average) ~ 3-5 year final re

  26. Slide 26: Direct Employment Estimates – Operations

    EMPLOYMENT 32 600 Direct Employment Estimates – Operations* 500 Number of Direct Employees 400 300 200 100 0 1 2 3 4 5 6 7 8 9 10 11 12 Year of Operation Mine Operations Mine General Mine Maintenance Process General & Admin. *The PFS is intended to be read as a whole, sections should not be read or

  27. Slide 27: Tax Payments (Base Case)

    TAX PAYMENTS (BASE CASE) 33 $90 $80 Significant contribution to the local, state & federal economies* $70 $60 Taxes paid by Midas Gold over project life: • $329 million federal tax US Millions $50 • $86 million state & local tax $40 $30 $20 15-year total direct, indirect & induced taxes: $10 • $506

  28. Slide 28: Infrastructure

    34 INFRASTRUCTURE

  29. Slide 29: Infrastructure

    INFRASTRUCTURE 35 Powerline upgrade from Lake Fork substation to Johnson Creek new substation • Rebuild powerline from new substation to Stibnite • Line follows existing and historical route • Rights of way and easements on public and private land Road Access upgrade Burntlog road from Landmark to S

  30. Slide 30: Grid & Solar Power Supply

    GRID & SOLAR POWER SUPPLY 36 Upgrading solar & electric grid infrastructure reduces fuel haulage & avoids substantial greenhouse gas emissions Improve existing solar power system Upgrade electric grid Reduction of onsite power generation & fuel Improved reliability of service to communities along ha

  31. Slide 31: Minimizing Traffic

    MINIMIZING TRAFFIC 37 Limited Daily Use • Two week on/off shifts • Bus workforce from Cascade to project site (Estimate 90% of workforce) • Locate as many administrative jobs off site as possible to limit traffic • Concentrate traffic 6am-8pm Mon-Fri • Pilot vehicles will accompany fuel & sensitive

  32. Slide 32: Public Access

    PUBLIC ACCESS 38 Promote Safe Access • Close Stibnite Road at beginning of project area • Maintenance access to powerline via Horse Heaven road to Meadow Creek Lookout Winter Recreation Access • Support continued winter recreation access • Plow Warm Lake Road to Landmark, provide parking for visitor

  33. Slide 33: Onsite Employee Housing

    ONSITE EMPLOYEE HOUSING 40 Onsite Housing • Two-week on/off work cycle • Bus service minimizes traffic on access route to mine • Decreases road traffic & dust, lower accident risk & lower greenhouse gas emissions • Accommodation for ~500 people Hotel style accommodation Meal service, laundry, housek

  34. Slide 34: Stibnite Gold Logistics Facilities

    STIBNITE GOLD LOGISTICS FACILITIES 41 Administrative and Transportation Facility Warm Lake Road, near Cascade, ID Bring jobs to town Promotes workforce diversity – Accounting & Human Resources – Purchasing & Accounting – Administration & Management – Warehousing & Storage – Laboratory Minimize traff

  35. Slide 35: Maintenance Facility

    MAINTENANCE FACILITY 42 Road maintenance & snow removal Sanding/snowplowing trucks, snow blowers, road graders, and support equipment Additional features: – Double-contained fuel storage area to support maintenance equipment – Covered stockpiles of coarse sand & gravel for winter sanding – Housing f

  36. Slide 36: Next Steps

    43 NEXT STEPS

  37. Slide 37: Permitting: Plan of Restoration & Operations

    PERMITTING Plan of 44 PRO Filed with the US Forest Service The US Forest Service accepted our Plan of Restoration and Operations as administratively complete & will move Restoration & Operations forward into the NEPA process. Next Steps 1. 2. Scoping & public meetings Alternatives Development & Envi

  38. Slide 38: National Environmental Policy Act (NEPA)

    NATIONAL ENVIRONMENTAL POLICY ACT (NEPA) 45

  39. Slide 39: Ancillary Permits

    ANCILLARY PERMITS ™ County Building Permit Solid Waste Permit FCC: Radio Licenses Spill Prevention Control & Countermeasure Plan (SPCC) EPA Generator ID# Planning & Zoning - Conditional Use Permit MSGP Storm Water Pollution Prevention Plan (SW/PPP) Operations SGP SWPPP Construction Timber Sale Permi

  40. Slide 40: Baseline

    BASELINE . . Botanical Resource Vegetation & Timber Resources Aesthetics & Visual Resources Access & Transportation Hazardous Materials Water Rights Soils & Reclamation Cover Materials Fisheries & Wildlife Public Health & sity ANALYS | Sr Climate Air Quality Fire & Fuels Threatened/Endangered/Sensit

  41. Slide 41: Public Involvement: It is your right to write

    PUBLIC INVOLVEMENT 48 It is your right to write 1.) Read the plan www.midasgoldidaho.com/stibnite-project/ “Our Plan for the Future” 2.) Stay in touch with the US Forest Service: www.fs.usda.gov/goto/payette/StibniteGold 3.) The Scoping period & Public Comment Period on the Draft Environmental Impac

  42. Slide 42: Public Involvement

    PUBLIC INVOLVEMENT 49 It is your right to write EMAIL: Comments-intermtn-payette@fs.fed.us MAIL: Payette National Forest Attn: Forest Supervisor Keith Lannom—Stibnite Gold EIS 500 N. Mission St McCall, ID 83638

  43. Slide 43: The Stibnite Gold Project: Your Forest. Your Voice.

    50 THE STIBNITE GOLD PROJECT YOUR FOREST. YOUR VOICE.

  44. Slide 44: Restore the Site

    “ee a OA = 22 ee, MIDAS GOLD

  45. Slide 45: Compliance with NI43-101 Non-IFRS Reporting Measures

    COMPLIANCE WITH NI43-101 52 The technical information in this presentation (the “Technical Information”) has been approved by Stephen P. Quin, P. Geo., President & CEO of Midas Gold Corp. (together with its subsidiaries, “Midas Gold”) and a Qualified Person. Midas Gold’s exploration activities at St

  46. Slide 46: For More Information

    53 RESTORE THE SITE F O R M O R E I N F O R M AT I O N : W W W. M I D A S G O L D I D A H O . C O M

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