Slide 1: Corporate Presentation
TSX: STGO OTCQX: STPGF Corporate Presentation June 2022
Slide 2: Disclaimer
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / June 2022 DISCLAIMER TECHNICAL INFORMATION Technical information relating to the Altan Tsagaan Ovoo Project (the “ATO Project”) contained in this presentation is derived from, and in some instances is an extrac
Slide 3: Our Vision: Mongolia's premier precious metals company
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Corporate Presentation Presentation / April 2021 / June 2022 O U R VISION Mongolia’s premier precious metals company. Our mandate: 01 02 03 Delivering superior returns to Focusing on low cost Building strong relationships w i
Slide 4: Company Overview
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 COMPANY O V E R V I E W Steppe Gold is Mongolia’s premier precious metals company, has commenced production and is projected to produce50,000to 60,000ounces of gold from its Phase I Heap Leach Operati
Slide 5: Company Board and Management
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 COMPANY B O A R D AND MANAGEMENT Matthew Wood Bataa Tumur-Ochir Aneel Waraich Patrick Michaels Jeremy South Executive Chairman Director, President and CEO Director and Executive Director Senior Vice P
Slide 6: Steppe People
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 STEPPE PEOPLE Creating Sustainable Employment Opportunities to 142 Number of Steppe employees 250-3 0 0 P eople 123 Number of contract workers Employees from Employees Total number local province of p
Slide 7: Company Milestones
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 COMPANY MILESTONES 2016 2017 2017 2017 2018 2018 2019 2020 2020 2021 2021 2021 August January June September May June December March July February October November The Company was Steppe Gold Canada A
Slide 8: Steppe's Value Building Model
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 STEPPE’S VALUE BUILDING MODEL Fast-tracked production and exploration upside Cashflow Development Exploration Fully permitted heap leach mine New resource estimates doubled in 2021. The Company owns o
Slide 9: Mongolia Today
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 MONGOLIA TODAY Mongolia's economic growth is expected to accelerate to above six percent in 2023-2024 Oyu Tolgoi: RioTinto commits $5bn. 100% ownership Geopolitics makes Mongolia Critical to China Bel
Slide 10: Corporate Presentation / June 2022
Corporate Presentation / J u n e 2022 11
Slide 11: Resource Expansion
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 R E S O U R C E EXPANSION Building on a large dataset - high grade intercepts. Over 90,000m drilling and 28,421m trenching completed. Mungu deposit estimate just released. The latest drilling results
Slide 12: Mineral Reserve Estimate, Effective June 30, 2021
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / June 2022 MINERAL RESERVE ESTIMATE, EFFECTIVE JUNE 30,2021 Phase 2 Expansion assumes producing 90,000 ounces of gold equivalent per annum from the fresh rock ore. Gold recovery is forecast to be 79%, with furth
Slide 13: New High Grade Zinc Discoveries
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / June 2022 NEW HIGH GRADE ZINC DISCOVERIES Recent Drilling resulted in an exciting new discovery of multiple high grade zinc sulphide intercepts beneath the existing ATO Gold Deposits Exceptional results and now
Slide 14: Key Financial Metrics
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 KEY FINANCIAL METRICS NPV IRR Site AISC EBITDA After-Tax After-Tax $853/oz $584M $232M 67% LoM Phase 1 & 2 = 12.5 years After-Tax LoM Grades Capital Expenditure Total Gross Phase 2 Revenue 3 years Lea
Slide 15: FS Highlights and Basis of Preparation
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 FS HIGHLIGHTS AND BASIS OF PREPARATION The Feasibility Study covers the ATO Gold Mine with a 12.5 year remaining mine life, with an assumed start date of January 1, 2022. It is based on the revised re
Slide 16: Site Plan
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / June 2022 SITE PLAN 16
Slide 17: Phase 2 Expansions Infrastructure
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 Phase 2 Expansions Infrastructure Highlights: Camp sewerage construction has been completed. Boilerhouse has been completed and is currently operating. Stage 2 crusher construction is ongoing. Deliver
Slide 18: Uudam Khundii (UK) Project
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – June 2022 U U D A M K H U N D I I (UK) P R O J E C T ONE OF THE LARGEST EXPLORATION LICENCES IN BAYANKHONGOR GOLD BELT To date, Steppe Gold has completed 18 trenches for 933 meters at the Milky Way Prospect and
Slide 19: From Vision to Expansion
Steppe Gold Steppe GoldLimited Limited- Mongolia’s - Mongolia’s Premier Premier Precious Precious Metals Metals Company Company Corporate Presentation / June 2022 FROM VISION TO EXPANSION 2021 Financial Highlights: Revenue for year ended December 31, 2021 was $24.05M on sales of 12,899 oz Au and 28,
Slide 20: Recent Successes
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / June 2022 R E C E N T SUCCESSES Steppe Achieves 92.9 Implementation Score on Environmental Management Plan Bloomberg Mongolia recognizes Steppe’s ATO Gold Mine as 2021 Development of the Year 20 20
Slide 21: Successful Partner Site Visit
SUCCESSFUL PARTNER SITE VISIT With borders open and production back online, the Steppe Team was excited to finally host global partners at our ATO Gold Mine 21
Slide 22: First Gold Pour & Sales of 2022!
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company June 2022 First Gold Pour & Sales of 2022! Production: Back Online - Reagents received & new boiler house working well - 2.45m tonnes of ore stacked on the leach and ROM pads. - Total of 81,842 ounces of recoverable gold (approx. $147M
Slide 23: Contact
Steppe Gold Limited - M ongolia’s Premier Precious M etals Company CONTACT Aneel Waraich EVP & Director aneel@steppegold.com The Company’s head office: Shangri-La office, Suite 1201, Olympic street 19A, Sukhbaatar District 1, Ulaanbaatar 14241, M ongolia, Tel/Fax:+976 7732 1914 Toronto Office: 90 Ad