Gold Standard Ventures — BMO Global Metals & Mining Conference (March 2022)
38 slides from Gold Standard Ventures's conference presentation, March 2022
Slide 1: Nevada's Carlin Trend Corporate Presentation
TSX : GSV NYSE American : GSV NEVADA’S CARLIN TREND Corporate Presentation BMO Global Metals & Mining Conference NEVADA’S CARLIN TREND 1 TSX : GSV | NYSE AMERICAN : GSV
Slide 2: Cautionary Note
Cautionary Note This presentation is provided for general information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor does it represent an intention to induce any person to make an investment or to assist any person in the making of
Slide 3: Why Gold Standard Ventures ("GSV")?
Why Gold Standard Ventures (“GSV”)? Peer Leading Project Returns Open Pit, Heap Leach Project IRR of 62%, NPV5 of $487M, 1.6 year payback Feasibility Study outlined a low capital at Spot Gold Price ($1,899 per oz) intensity, high return project IRR of 44%, NPV5 of $315M, 1.9 year payback Technically
Slide 4: Corporate Overview
Corporate Overview (as of September 30, 2021) Millions Holdings Holdings by Investor Class Basic Shares Outstanding 358.0 by Investor 57% - Institutional / Insider Options 14.6 class RSU’s 3.4 43% - Retail and Other FD Shares Outstanding 375.9 Market Capitalization (as of February 23, 2022) C$183 Le
Slide 5: Nevada's Carlin Trend
NEVADA’S CARLIN TREND 5 TSX : GSV | NYSE AMERICAN : GSV
Slide 6: Robust Feasibility Study Results
Robust Feasibility Study Results Low Capital Intensity, Industry Leading Returns IRR of 44%, NPV (5%) of $315M, 1.9 year payback at Base Case Gold Price ($1,650 per ounce) IRR of 62%, NPV (5%) of $487M, 1.6 year payback at Spot Gold Price ($1,899 per ounce as of Feb 18, 2022) Base Case improvement o
Slide 7: Feasibility Study Summary
Feasibility Study Summary 10.5 year 1,031 AISC of Initial Capex: Operating Life at an average Gold Production koz LOM $1,021 /oz $190M head grade of 0.77 g Au/t over LOM Average Annual FCF (excluding initial capital) After-Tax After-Tax Payback NPV (5%) IRR Period LOM First 4 Years $1,650/oz Au $315
Slide 8: Changes from 2020 Pre-Feasibility Study
Changes from 2020 Pre-Feasibility Study 2020 Pre-Feasibility Study 2022 Feasibility Study $133M $190M Initial Capital No Water Treatment Plant No Waste Dump Infrastructure Water Treatment Plant Included Waste Dump Infrastructure Included Heap Leach Pad + Process Plant @ $26M Heap Leach Pad + Process
Slide 9: Gold Production Profile
Gold Production Profile 250 Predominantly Dark Star Predominantly Pinion 197 200 191 Mine Life Extension Opportunities = FS Gold Production 1. Pinion SB Zone 2. POD / Sweet Hollow = Mine Life Extension Opportunities 3. LT Gold Production (koz) 4. ‘Another Dark Star’ 150 138 106 103 100 95 82 80 50 2
Slide 10: SRP Oxide Project Opportunities
SRP Oxide Pinion SB Zone Potential to further extend Pinion pit to the south, beyond Feasibility Study pit size Project Opportunities Toll Processing ~32koz Au was assumed to be toll processed in Pre-Feasibility Study (1) Material is mined in Feasibility Study but not toll processed Rapid Infiltrati
Slide 11: Pinion SB Zone Cross Section
Pinion SB Zone Cross Section PR21-07 PR21-06 PC20-22 27.4m/1.26g Au/t 45.7m/0.52g Au/t PIN14-38 57.9m/1.01 g Au/t 61.1m/1.07g Au/t PR21-08 38.1m/0.51g Au/t B’ A’ Surface Pinion Reserve Pit ($1,450 Au) OPEN SB ZONE 200m Note: Please see news release dated February 23, 2023, for further information on
Slide 12: Nevada's Carlin Trend
NEVADA’S CARLIN TREND 12 TSX : GSV | NYSE AMERICAN : GSV
Slide 13: Nevada Permitting Process
Nevada Permitting Process Current Baseline / Technical Studies Plan of Operations Public Scoping Period & Draft EIS Development Final EIS Development Complete Meetings Q1 2021 Q4 2020 Record of Decision Est. Q1 2023 Submit Plan of Hire 3rd Party Public Draft EIS, Operations NEPA Contractor, Comment
Slide 14: 2022 GSV Priorities
Construction Financing Process Led by Cutfield Freeman, kicking off this quarter 2022 GSV Targeting 75% of total construction capital as non-equity Priorities 2022 Exploration Program 1st Stage: oxide drilling at Pinion SB Zone, sulphide drilling at Ranch and North Bullion Depending results of 1st S
Slide 15: Value Proposition
Value Proposition 85 91 91 85 86 85 78 78 72 69 69 69 60 Re-Rate Opportunity 36 0.75x Gold Standard is trading 0.64x 0.64x at a valuation discount to 0.53x its precious metal 0.45x 0.48x 0.39x 0.42x development peers 0.34x 0.38x 0.33x 0.24x 0.25x Rio2 Integra Gold Bluestone Liberty Sabina Belo Sun G
Slide 16: Appendix
TSX : GSV NYSE American : GSV Appendix NEVADA’S CARLIN TREND 16 TSX : GSV | NYSE AMERICAN : GSV
Slide 17: Nevada Carlin Trend
N Nevada Carlin Trend CARLIN COMPLEX 19Moz P&P Reserves Carlin Trend hosts numerous gold projects Gold production from operations on the Carlin Trend has recently averaged over 1.5Moz per annum (1) Majority of land holdings on the trend controlled by Barrick-Newmont joint venture, Nevada Gold Mines
Slide 18: SRP Land Package
N EMIGRANT / RAIN SRP Land NORTH BULLION Package Sulphide mineralization POD / SWEET HOLLOW 142koz Inf Resources SOUTH RAILROAD PROJECT LT INDEPENDENCE At-surface TREND mineralization DARK STAR PINION RABBIT CREEK Plan of Operations TREND 840koz P&P Reserves 764koz P&P Reserves 913koz M&I Resources
Slide 19: Lewis Project
Lewis Project LEWIS PROPERTY N Lewis Project has strategic value 21.6 km2 on the Battle Mountain – Eureka mineral trend Adjacent to Nevada Gold Mines Phoenix Mine Inferred Resource estimate for Virgin Deposit 7.74 million tonnes Virgin Deposit 206koz Au @ 0.83 g Au/t 3.5Moz Ag @ 14.22 g Ag/t 2017 Am
Slide 20: Strong Management & Board
Strong Strong MANAGEMENT Manag Management Jason Attew +25 years of financial and CFO of Goldcorp through the merger with Newmont. Extensive capital markets experience in investment banking at BMO ement President, CEO, Director corporate experience & Board Capital Markets. & Former COO of Hecla Minin
Slide 21: Feasibility Study Consultants
Feasibility Study Consultants Lead Engineer M3 Engineering Heap Leach Pad Design Newfields Mineral Reserves & Mine Planning Mine Development Associates Metallurgical Testing Kappes, Cassiday & Associates Hydrology Stantec Water Treatment Plant Linkan Engineering Access Road SRK Consulting Geotech Go
Slide 22: Capital Costs
Capital Costs Initial Capital Sustaining Capital LOM Capital Infrastructure Site General $6 - $6 Water Management $15 $17 $32 Waste Dumps $4 $8 $12 ADR Building & Ancillaries $15 - $15 Water Treatment Plant & Systems $6 $4 $11 Power Generation & Distribution (1) $18 - $18 Processing Heap Leach Pad $
Slide 23: Operating Costs
Operating Costs Unit Amount Metrics Tonnes Mined (including pre-stripping) kt 332,378 Tonnes Processed kt 65,199 Payable Ounces Produced koz Au 1,030 Unit Costs Mining (including pre-stripping) $ / tonne mined $1.92 Processing & Water Treatment $ / tonne processed $2.26 G&A $ / tonne processed $0.58
Slide 24: Site Layout Overhead Map
Site Layout Overhead Map NEVADA’S CARLIN TREND 24 TSX : GSV | NYSE AMERICAN : GSV
Slide 25: Site Layout 3D Map
Site Layout 3D Map NEVADA’S CARLIN TREND 25 TSX : GSV | NYSE AMERICAN : GSV
Slide 26: Building Facilities 3D View
Building Facilities 3D View NEVADA’S CARLIN TREND 26 TSX : GSV | NYSE AMERICAN : GSV
Slide 27: Heap Leach Flow Sheet
Heap Leach Flow Sheet NEVADA’S CARLIN TREND 27 TSX : GSV | NYSE AMERICAN : GSV
Slide 28: Numerous Prospective Oxide Deposits
Numerous Prospective Oxide Deposits 1. Mineral Reserves Ongoing drilling intended to expand defined Mineral Pinion Reserves for inclusion in Feasibility Study Dark Star 2. Mineral Resources Jasperoid Wash Defined Mineral Resources; continued exploration and studies required to progress to Mineral Re
Slide 29: LT Target Drill Map
LT Target Drill Map N 5 reverse-circulation holes (~650m) B’ LT21-01 South Railroad Project Dark Star & Pinion Objectives LT21-02 Build upon discovery hole LT19-02 (12.2m @ 1.58 g Au/t) Test northern extension LT21-03 to previously intersected mineralization A’ LT21-04 & LT21-05 100m NEVADA’S CARLIN
Slide 30: LT Target Cross Section
LT Target Cross Section LT19-02 12.2m / 1.58 g Au/t LT20-01 LT21-02 LT21-03 24.3m / 0.73 g Au/t 39.6m / 0.76 g Au/t B’ 4.6m / 1.25 g Au/t Surface A’ OPEN 2.5+ g Au/t 0.85 – 2.5 g Au/t 0.1 – 0.85 g Au/t LT20-08 30.5m / 0.78 g Au/t 50m NEVADA’S CARLIN TREND Note: See our news release November 8, 2021,
Slide 31: Railroad-Pinion Mineral Reserves
Tonnes Gold Silver Gold Silver ‘000 g Au/t g Ag/t koz koz Railroad- Proven Mineral Dark Star 6,911 1.27 283 Pinion Reserves Pinion 2,049 0.76 6.63 50 437 Mineral Total 8,960 1.15 333 437 Reserves Dark Star 22,247 0.78 557 Probable Mineral Reserves Pinion 33,992 0.65 5.21 714 5,699 Total 56,239 0.70
Slide 32: Railroad-Pinion M&I Mineral Resources
Tonnes Gold Silver Gold Silver ‘000 g Au/t g Ag/t koz koz Railroad- Measured Dark Star 7,225 1.24 288 Pinion M&I Mineral Resources Pinion 2,336 0.73 6.50 55 488 Mineral Total 9,561 1.12 343 488 Resources Indicated Mineral Dark Star 24,567 0.79 625 Resources Pinion 41,193 0.62 5.00 816 6,617 Total 65
Slide 33: Railroad-Pinion Inferred Mineral Resources
Railroad- Tonnes ‘000 Gold g Au/t Silver g Ag/t Gold koz Silver koz Pinion Inferred Inferred Mineral Dark Star 1,176 0.51 19 Mineral Resources Pinion 1,178 0.40 2.43 15 92 Resources Jasperoid Wash 11,939 0.34 130 POD / Sweet Hollow 4,654 0.95 142 North Bullion – Open Pit 2,849 3.75 344 North Bullion
Slide 34: Notes to Mineral Reserves Table
Notes to Mineral Reserves Table All estimates of Mineral Reserves have been prepared in accordance with National Instrument 43 - 101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Jordan M. Anderson, Mine Development Associates, a division of RESPEC, of Reno, Nevada, is a Qualifie
Slide 35: Notes to Mineral Resources Tables
Notes to Mineral Resources Tables All estimates of Mineral Resources have been prepared in accordance with National Instrument 43 - 101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Michae
Slide 36: NI 43-101 Technical Report & Qualified Persons
NI 43-101 Technical Report & Qualified Persons NI 43-101 Technical Report The Feasibility Study Technical Report will be prepared by M3 Engineering & Technology Corporation (“M3”) and filed on SEDAR within 45 days following the date of this presentation. Matthew Sletten, PE, Project Manager of M3 an
Slide 37: Endnotes
Endnotes 1. Carlin Complex contains Proven Mineral Reserves of 7Moz gold (38Mt @ 6.01 g Au/t) and Probable Mineral Reserves of 11Moz gold (130Mt @ 2.70 g Au/t) as of December 31, 2021, as disclosed in “Barrick Gold Mineral Reserves and Mineral Resources Table” dated February 10, 2022. NEVADA’S CARLI
Slide 38: TSX : GSV NYSE American : GSV
TSX : GSV NYSE American : GSV NEVADA’S CARLIN TREND 38 TSX : GSV | NYSE AMERICAN : GSV
Gold Standard Ventures — BMO Global Metals & Mining Conference (March 2022) on 6ix