Galleon Gold Corp · TSXV:GGO
Galleon Gold — Investor Presentation (February 2024)
21 slides from Galleon Gold's investor presentation, February 2024
Slide 1: West Cache Gold Project - Destined for Development
Disclaimer WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT TSXV: GGO Investor Presentation February 2024 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation (the “Presentation”) contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statem
Slide 3: Why Invest - Why Now
Why Invest - Why Now Timmins Mining Camp – Tiers 1 jurisdiction near major producers Strong project economics that support advancing project to bulk sample stage Management team with track record of building mines in the region Large land position with huge blue sky exploration potential WEST CACHE
Slide 4: Capital Markets Profile
Capital Markets Profile Capital Structure Shares outstanding 65.3M Options outstanding (C$0.19 to C$1.20) 5.9 Warrants outstanding (C$0.20 to C$0.75) 8.6M FD shares outstanding 79.8M Market capitalization (basic @ Feb. 1, 2024) C$15.0M Major Shareholders TSXV: GGO Eric Sprott ∼ 20.9% HNW Retail ∼ 13
Slide 5: Premier Location - Porcupine Destor Gold Belt
West Cache Gold Project Premier Location - Porcupine Destor Gold Belt Porcupine Destor Gold Belt Timmins Gold Camp Au Endowment (oz) Gold Producing Districts IROQUOIS FALLS 119,604 – 200,000 Kidd Creek Mine 200,001 – 400,000 Cu-Zn-Ag 400,001 – 600,000 Clavos Mine 600,001 – 750,000 CONNAUGHT 750,001
Slide 6: West Cache Gold Project - Land Lease Status
West Cache Gold Project Land Lease Status Approved – requirement for permitting 6
Slide 7: Purpose of PEA
Purpose of PEA PEA is a snapshot in time Provides economic picture Guides decision to advance to next step - pre-feasibility PEA Strong Project Economics Project Entrance on Hwy 101, 13 km from Timmins Center PEA & Updated Mineral Resource Published – February 2022 7
Slide 8: 2022 Mineral Resource Estimate – Underground Model
West Cache Gold Project 2022 Mineral Resource Estimate – Underground Model Underground Mineral Resource @ 1.6 g/t Au Cut-Off Classification Tonnes Au Au 1. Mineral Resources that are not Mineral Reserves do not have demonstrated k g/t koz economic viability. 2. The estimate of Mineral Resources may
Slide 9: 2022 PEA Economics – Toll Processing
West Cache Gold Project 2022 PEA Economics – Toll Processing Pre-Tax After Tax Net Present Value NPV5% C$ million $378.3 $240.1 Internal Rate of Return (IRR) % 33.7 % 26.7 % Payback Period years 3.0 3.3 Life of Mine (LOM)1 Years 11 Initial Capital Costs C$ million $150 Sustaining Capital Costs (LOM)
Slide 10: Sensitivity to Gold Price
West Cache Gold Project Sensitivity to Gold Price Sensitivity to Gold Price (pre-tax) Price per ounce of gold NPV5% (million) IRR % US$1,500 C$224.5 23.3 % US$1,600 C$301.4 28.6 % US$1,700 C$378.3 33.7 % US$1,800 C$455.5 38.7 % US$1,900 C$532.6 43.6 % US$2,000 C$609.8 48.4 % Sensitivity to Gold Pric
Slide 11: Purpose of Bulk Sample
Purpose of Bulk Sample De-risk the project Provide initial data that will feed into pre- feasibility studies Uncover additional ounces of gold with Bulk Sample Planning underground drilling Tonnage: 86.5 kt Ground work for future development will Grade: 8.13 g/t be complete (and paid for fro
Slide 12: Mine Development Plan – Plan View
West Cache Gold Project Mine Development Plan – Plan View N Deposit covers an area of 2.1 km x 1.2 km and extends 1.0 km from surface East Zone Extension East Zone North Zone Secondary Access (B) & Ventilation West Deep West Zone Secondary Access (C&D) & Ventilation Legend Mine Development/Ramps Zon
Slide 13: Mine Development Plan – 3D View Looking East
West Cache Gold Project Mine Development Plan – 3D View Looking East Secondary Access & Ventilation Access D Access C Access B Main Mine Access (A) East Zone Extension West Zone East Zone Zone #9 South Zone BULK SAMPLE AREA 1 km West Deep Block Model Au (g/t) 20 – 26 10 – 20 Legend 5 – 10 Mine Devel
Slide 14: Zone #9 and West Deep Mineralization
West Cache Gold Project Zone #9 and West Deep Mineralization 3D View East Hole WC 21-173 at 63.3 m to 69.6 m (9.37 g/t) East Zone West Zone Zone #9 BULK SAMPLE AREA Area of little Hole WC 20-82 at 310 to 320 m (9.40 g/t) drilling between Zone #9 and West Deep Zone #9 WC-20-30: 7.16 g/t Au | 9.7 m WC
Slide 15: Bulk Sample Site Plan Layout
West Cache Gold Project Bulk Sample Site Plan Layout 15
Slide 16: Bulk Sample Detailed Design
West Cache Gold Project Bulk Sample Detailed Design 16
Slide 17: Milestones & Approximate Timing to Complete Bulk Sample
West Cache Gold Project Milestones & Approximate Timing to Complete Bulk Sample Permitting Mine Decline/Development • Closure Plan Approved • Decline/Ramp development • Construction permits • Underground stope development granted • Internal drilling and capital • 2024 • • • 2025 • • • 2026 Pre Devel
Slide 18: 2022 Results - Immense Exploration Potential
West Cache Gold Project 2022 Results - Immense Exploration Potential Immense Exploration Potential • Less than 10 % of the project has been explored • Property covers 10,370 ha • Both North & South limb of the PDFZ • Soil sampling program indicates very prospective area to the South of known mineral
Slide 19: Experienced Management and Board
Experienced Management and Board Credited with building mines throughout North America R. David Russell CEO & Chairman Decades of executive management and operational experience in the mining industry. Founded Apollo Gold Corporation and developed the Black Fox Project among other large mine operati
Slide 20: Reasons to Invest
Reasons to Invest Premier mining jurisdiction – Timmins Mining Camp PEA supports advancing project to test mining Immense exploration potential Permitting for bulk sample well underway Proven and experienced management with history of developing mines in the region WEST CACHE GOLD PROJECT
Slide 21: David Russell, CEO & President
David Russell, CEO & President info@galleongold.com. 416-644-0066 21