Thesis Gold & Silver Inc. · TSXV:TAU
Thesis Gold & Silver — Thesis Gold — Investor Presentation (November 2023)
19 slides from Thesis Gold & Silver's investor presentation, November 2023
Slide 1: Corporate Presentation November 2023
os THESIS CORPORATE PRESENTATION | NOVEMBER 2023 Unlocking the he of a Unified Toodoggone District, northern
Slide 2: Disclaimer and Cautionary Notes
DISCLAIMER AND CAUTIONARY NOTES FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “e
Slide 3: Accelerating Growth in BC's Next Major Mining District - The Toodoggone
THES =SIS ACCELERATING GROWTH IN BC’S NEXT D | MAJOR MINING DISTRICT -— THE TOODOGGONE One of the largest Gold-Silver projects in TECK an 9 5 ong . Toodoggone District Canada with significant growth potential Schaft Creek L (9) g NEWCREST SD TECK/NEWMONT VW Red Chris | THESIS GOLD | Galore Creek vw
Slide 4: Ranch Project access and infrastructure
~~ Road 7 Power Line Ranch Project = Road from Prince George provides year-round access = Sturdee Airstrip provides flight access from regional airports at Terrace, Smithers, and Prince George = Only 45km NW of tie in to the power grid at the Kemess Mine = Hydroelectric green energy source Terrace T
Slide 5: Lawyers Project Overview
LAWYERS PROJECT OVERVIEW 12-Year LOM US$ 786/ Au oz at an average LOM AISC head-grade of (net of byproducts) 1.47 g/t AuEq 1,950 Koz / 163 Koz AuEq C$589M 2.8-year After Tax NPV 5% Payback 241% After-Tax After Tax IRR Total / Avg. LOM Production August 2022 PEA indicates a long mine life, capital li
Slide 6: Strong Foundation - Path to Growth
STRONG FOUNDATION - PATH TO GROWT A i Opportunity to introduce high grade Au and Ag in earlier ==— stages of the mine schedule —— Lawyers PEA Annual Payable Metal 200 TARGET 150 100 50 Payable Metal (AuEq* Koz) Y1 Y2 Y3 Y4 Y5 Y6 Net Y8 VO vO] yi YvI2 * Metal price parameters of US$1,735 per ounce of
Slide 7: Lawyers 2022 Mineral Resource Estimate
LAWYERS 2022 MINERAL RESOURCE ESTIMATE THESIS All Resource Zones Open for Expansion at Depth and Near Surface "22 2022 Mineral Resource Hus $1,700 per gold ounce pit shell Cliff Creek & Dukes Ridge Starter Pit Areas 292koz AuEg | 2.2:1 strip ratio Higher grade near-surface material for indicative st
Slide 8: Lawyers Project 2023-2024 Resource Growth
THESIS LAWYERS PROJECT 2023-2024 RESOURCE GROWTH 2022 PEA --Open Pits SS ee Conceptual y = Underground Access from surface =o00'm “i Cliff Creek ss Y Ue = 20,000 metre drill program = Focusing on expanding the resources beneath the Cliffs Creek and Dukes Ridge deposits = Targeting: 300,000 — 500,000
Slide 9: Ranch Project Overview
THESIS RANCH PROJECT OVERVIEW GOl 100% 180 km? Owned by Ranch project 20+ 90-98% 2023 Near Surface Gold recovery using ! Drill program epithermal gold only flotation ongoing deposits & prospects Thesis Gold Confirmed near-surface high-grade gold mineralization over broad intervals * Zones that have
Slide 10: Strategy for Growth and Value Creation
VALUATION THESIS STRATEGY FOR GROWTH AND VALUE CREATION Define Lawyers Define Ranch Underground Open Pit Ounces Ounces Lawyers PEA New Combined Exploration Summary PEA — © 7 New Combined Resource ae Ae 20+ High-Quality = ti Drill-Ready OO | Oo | argeting Exploration Targets Underground Open Pit > In
Slide 11: Ranch Target - Bonanza-Ridge Zone
RANCH TARGET - BONANZA-RIDGE ZONE THESIS Minimum Mineralized Combined Strike Length of 1.5 km Mineralized zone +1650 m | extends to ~150 vertical metres from surface and remains open 1.600 m BONANZA ZONE Yi 20.30 m @ 4.69 g/t Au and 15.29 g/t Ag, or 4.88 g/t AUEq NW © 15.0 g/t SE A a5 ut seo] 29500"
Slide 12: Ranch Target - Thesis Structural Corridor
RANCH TARGET — THESIS STRUCTURAL CORRIDOR THESIS Extends to over 1.5 km of Strike Length ——— = —x ~ ee: ~ — — 22BNGDD009 22BNGDD007 21TH3DD0013 21TH3DD005, 22TH2DD012 22TH2DD003 50.30 m @ 1.86 g/t Au 34.90 m @ 1.30 g/t Au 8113 m @ 1.32 g/t Au 33.13 m @ 17.49 g/t Au 8.79 m @ 11.97 g/t Au 41.46 m @ 1.
Slide 13: Ranch Target - Steve Zone
RANCH TARGET — STEVE ZONE Gold Mineralization Down to >400 Metres & Remains Open at Depth issom | Logged Alteration ‘Vuggy Silica Leached Massive Sulphide Potassic Quartz-Alunite Silica Avgillic Ee | | Propylitic Clay lo Assemblage HB unaltered ‘Au in Surface Rocks @ 05-1 g/t @ 1-5 g/t Gold 04 to 1.
Slide 14: Ranch Project 2023 Exploration Program
RANCH PROJECT 2023 EXPLORATION PROGRAM THESIS Near Surface and High Grade Gold Drilling: 30,000 metres Objective III Initial drilling of new exploration targets: Objective | Objective Il Infill and expansion Development and resource drilling at expansion of new the Thesis Structural discoveries and
Slide 15: Management and Board Overview
Ewan Webster CEO and President +10 years professional expertise in the mining industry, specializing in exploration and business development for various public and private enterprises throughout the Americas. He previously held the position of Chief Geologist at Benchmark Metals. John Williamson Cha
Slide 16: Environmental, Social, and Governance
THESIS ENVIRONMENTAL, SOCIAL, AND GOVERNANCE Together we established exploration, Together we initiated baseline engagement and communications environmental studies as part agreements with our partner Nations of permitting Thesis is providing a i Wildlife monitoring and employment, training and a8 H
Slide 17: Project Timelines and Near Term Catalysts
PROJECT TIMELINES AND NEAR TERM CATALYSTS G Q2 Q3 Q4 Ql Q2 Q3 Q4 UPDATED PEA Focus is to update the Combining 2021 PEA . + Ranch and underground PEA to include Ranch and i Rn CE mining from Lawyers dated resources underground ounces from including Ranch and underground ounces Lawye rs Vv BASELINE fr
Slide 18: Share structure
GOLD Basic Shares Outstanding 174M Fully Diluted! 175.9 M %. Market Capitalization $85 M? 4 4% INSIDERS 1) Ona fully diluted, ITM basis. 2) As per Refinitiv Eikon and SEDI, based on common shares outstanding 3) As at 31 October 2023
Slide 19: Vancouver Office
VANCOUVER OFFICE 1111 West Hastings Street, Suite 780 Vancouver, BC, Canada V6E 2J3 EWAN WEBSTER DAVE BURWELL ewanw@thesisgold.com +1 403-604-1982 daveb@thesisgold.com