Steppe Gold Ltd. · TSX:STGO
Steppe Gold — Investor Presentation (November 2021)
25 slides from Steppe Gold's investor presentation, November 2021
Slide 1: Mongolia's Premier Precious Metals Company
MONGOLIA’S P R E M I E R PRECIOUS M E T A L S COMPANY CORPORATE PRESENTATION NOVEMBER 2021
Slide 2: Disclaimer
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / November 2021 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 ex
Slide 3: Our Vision
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Corporate Presentation Presentation / April2021 / November 2021 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
Slide 4: Company Overview
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 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 produce 50,000 to 60,000 ounces of gold from its Phase I Heap Leach
Slide 5: Company Board and Management
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 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 Vi
Slide 6: Steppe People
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 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
Slide 7: Steppe Social Responsibility
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 S T E P P E SOCIAL R E S P O N S I B I L I T Y Steppe Gold is proud of our local community partnerships, and our repopulation efforts for marmots and local bird species, as part of our local 2021
Slide 8: Steppe's Value Building Model
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – November 2021 STEPPE’S VALUE BUILDING MODEL Fast-tracked production and exploration upside Cashflow Development Exploration Fully permitted heap leach mine Commenced feasibility study to produce The Company own
Slide 9: Company Milestones
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 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 Cana
Slide 10: Why Mongolia
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 W H Y MONGOLIA Home to world class assets, sound mining infrastructure and mining talent. Strong support for mining industry at all levels of government. Focus on safety, wealth generation and sus
Slide 11: Company Operations
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 COMPANY O P E R A T I O N S Steppe Gold owns exploration, development and production assets. A L T A N TSAGAAN OVOO (ATO GOLD MINE) 50K - 60k oz oxide heap leach production annually. Resources upd
Slide 12: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 AL TA N TSAGAAN OVOO (ATO) GOLD MINE FULLY PERMITTED AND COMMENCED GOLD PRODUCTION IN 2020 S T O R M POND PREGNANT / BARREN PONDS L E A C H P A D / C E L L 1A N D 2 A D R BUILDING / PLANT CRUSHER
Slide 13: ATO Gold Mine Mining Camp
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / November2021 ALTAN TSAGAAN OVOO MINING CAMP (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 50,000 to 60,000 oz of Gold annually PHASE II - ~100,000 oz of gold production annually from fresh rock 13
Slide 14: ATO Gold Mine ADR Plant
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / November 2021 ALTAN TSAGAAN OVOO ADR PLANT (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 50,000 to 60,000 oz of Gold annually PHASE II - ~100,000 oz of gold production annually from fresh rock 14
Slide 15: ATO and Mungu Resource Update February 2021
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 ATO AND MUNGU RESOURCE UPDATE FEBRUARY 2021 NI 43-101 compliant 2.45 M oz Au Eq resources TONNAGE GRADE CONTAINED METAL ATO Mineral Resources (Mt) Au(g/t) Ag(g/t) Pb(%) Zn(%) Au(koz) Ag(koz) AuEq(
Slide 16: Resource Expansion
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – November 2021 R E S O U R C E EXPANSION (2.45M Oz Au Eq to 400M depth) Building on a large dataset - high grade intercepts. Over 90,000m drilling and 28,421m trenching completed. Mungu deposit estimate just rel
Slide 17: Uudam Khundii (UK) Project
Steppe any Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 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 Pros
Slide 18: FS Highlights and Basis of Preparation
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 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 revise
Slide 19: Near Term Catalysts and Optimization
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company November 2021 NEAR TERM CATALYSTS AND OPTIMIZATION Planned resumption of oxide production in Q1 2022 and expected production of 60k oz in 2022 at AISC of $639/oz. Fixed crusher for fresh rock phase will be operational by Q1 2022, suppo
Slide 20: Key Financial Metrics
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 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
Slide 21: Mining
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 MINING Highlights: Rom Balance was approximately 616,138 tons of Ore. For the months of August and September, Steppe Gold has mined 242K tonnes of ore. For October, to date Steppe has mined 83K to
Slide 22: Crushing and Leachpad
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 CRUSHING AND LEACHPAD Highlights: Total stack ore for August – September is 137K, for the month of October stacked ore is 63k. Reduced cn levels have affected leaching. Cell 3 has been completed.
Slide 23: Phase 2 Expansions Infrastructure
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - November 2021 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. Del
Slide 24: Fall Catalysts & Phase 2 Expansions
Steppe Gold Limited - M ongolia’s Premier Precious M etals C ompany Corporate Presentation - November 2021 FALL CATALYSTS & P H A S E 2 EXPANSIONS Production: back online once reagent repleted & Chinese border issues resolved, and first winter with new boiler house Definitive Feasibility Study compl
Slide 25: Contact
Steppe Gold Limited - M ongolia’s Premier Precious M etals C ompany Corporate Presentation NOVEMBER 2021 CONT ACT Matthew Wood Bataa Tumur-Ochir Executive Chairman President and CEO mwood@steppegold.com bataa@steppegold.com Aneel Waraich Jeremy South Director and Executive VP Senior VP and CFO aneel