Contango Silver & Gold Inc. · AMEX:CTGO
Contango Silver & Gold — Contango ORE — Corporate Update (February 2023)
35 slides from Contango Silver & Gold's corporate update, Feb 6, 2023
Slide 1: February 2023 Corporate Update and Plans for 2023-2024
February 2023 Corporate Update and Plans for 2023-2024
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The Feasibility Study (“FS”) referenced herein that relates to Peak Gold, LLC (“Peak Gold”), was prepared by Kinross Gold Corporation (“Kinross”), which controls the Manager of Peak Gold and holds 70% of its outstanding membership interests, in accordance with Canadian Nati
Slide 3: Corporate Overview
CORPORATE OVERVIEW Now trading on the NYSE American: CTGO 7.2 Million Shares Outstanding 7.7 Million Shares Fully Diluted 100,000 Options; Warrants – 400,000 - 2year @$25 $20 million Convertible Debt (8% Coupon) Convertible @ $30.50 ~ $US 8 Million Cash as of February, 2023 Contango 30% owner of Pea
Slide 4: Developing Alaska's Next Gold Mines
Developing Alaska’s Next Gold Mines Manh Choh – Development Stage Project “Early Works” Underway Partnership with Kinross (70%) and the Alaska Native Tetlin Tribe (Royalty) 100% Owned Lucky Shot Mine – Exploring historic high-grade gold mine Three Early-Stage Exploration Projects: Shamrock Eagle-H
Slide 5: Manh Choh Gold Deposit
Manh Choh Gold Deposit 1.3 Million ounce gold Measured plus Indicated Resources1 Average grade = 4g/t Gold1 Located in Alaska on the Alaska Hwy On Private Land Owned by the Tetlin Alaska Native Tribe Business Partnership with Kinross – Paid $93 Million for 70% interest Using the Fort Knox Milling Fa
Slide 6: Early Works Well Underway
“EARLY WORKS” WELL UNDERWAY NEAR-TERM PRODUCTION POTENTIAL & EXPLORATION UPSIDE 6 MANH CHOH GOLD PROJECT NYSE-A:CTGO September 2020 entered into JV agreement between Contango (30%) and Kinross (70% and Operator) to form new Peak Gold LLC, with Royal Gold and Tetlin Tribe retaining royalty interests;
Slide 7: Manh Choh Gold Project: Anticipated Economics
MANH CHOH GOLD PROJECT: Anticipated Economics Using existing infrastructure at Fort Knox, Peak Gold LLC is planning on a 2024 start date Kinross estimates 914,000 GEO production over a 4.5-years equating to roughly 225,000 GEO per annum (30% to Contango Ore = 67,500 GEO/Yr)1 Using elevated cut-off g
Slide 8: Manh Choh Gold Project Location
The project is located 29 km (18 mi) from the Alaska Hwy and 400 km (240 mi) to the Fort Knox Milling Complex 8 MANH CHOH GOLD PROJECT LOCATION MANH CHOH DEPOSIT Image used with permission from Kinross Manh Choh
Slide 9: Peak Gold JV Project Highlights
PEAK GOLD JV 9 Processing ore from the Peak Gold Project at Fort Knox avoids mill construction and is expected to decrease execution risk, lower capital expenditures, drive attractive returns, and reduce the project’s environmental footprint and permitting requirements. Leverages Fort Knox’s success
Slide 10: Manh Choh Update: Early Works Construction Underway
10 Manh Choh Update “Early Works” Construction underway
Slide 11: Manh Choh Update: Access Road Construction Underway
11 Manh Choh Update Access Road Construction underway
Slide 12: Manh Choh Mine Access Road
12 Manh Choh Update Access Road Construction underway Manh Choh Mine Access Road
Slide 13: Manh Choh Camp Construction Completed
13 Manh Choh Update – Manh Choh Camp Construction Completed
Slide 14: Fort Knox Mill Modifications
14 Manh Choh Update – Fort Knox Mill Modifications
Slide 15: Site Construction Planned After Mine Operating Permit
15 Manh Choh Update Site Construction Planned After receipt of Mine Operating Permit (April 2023)
Slide 16: Black Gold Transport Contracted for Ore Haul
16 Black Gold Transport Contracted for Ore Haul Alaska Business 35 Years
Slide 17: Peak Gold LLC Exploration Highlights
PEAK GOLD LLC 17 Exploration Highlights Completed ~$3.0 million exploration program Q4 2020 primarily directed at metallurgical and geotechnical drilling, and on-going environmental studies to advance feasibility and permitting Completed ~$3 million in 2021 exploration program and conducted resource
Slide 18: Manh Choh Gold Project and Surrounding Targets
18 MANH CHOH GOLD PROJECT AND SURROUNDING TARGETS Main MC North MC $3 Million Exploration Program Completed for 2022 Exploration for New Resources in Chief Danny Area – 9 holes, totaling 1,979 meters completed Further evaluation of 685,000 acre Manh Choh property Additional regional stream sediment
Slide 19: Asset Summary
ASSET SUMMARY 19 Peak Gold Project ~(688,000 Acres) State Claims (~70,000 Acres) Peak Gold JV 70% 30% 100% The Manh Choh project consists of a ~688,000 acres land package including ~13,000 acres of State Mining Claims Roughly the size of Rhode Island Contango is also the 100% owner of the Alaska s
Slide 20: Lower Risk & Reduced Timeline to Production Decision
20 LOWER RISK & REDUCED TIMELINE TO PRODUCTION DECISION DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PRODUCTION DETAILED DESIGN PROCURMENT CONSTRUCTION $19 million Program in 2021: Resource In-fill, Hydrology, Geotechnical, Metallurgical Engineering; Environment and Community Outreach With ~$2 mi
Slide 21: References
21 1 Hart, C.J.R., 2005. Mid-Cretaceous Magmatic Evolution and Intrusion-related Metallogeny of the Tintina Gold Province, Yukon and Alaska. Unpublished PhD thesis, University of Western Australia, 198 p. 1
Slide 22: Lucky Shot Portal Circa 1930
Lucky Shot Portal Circa 1930 22
Slide 23: Lucky Shot Portal Circa 1930
Lucky Shot Portal Circa 1930 23
Slide 24: Lucky Shot Property Historic Resources
Lucky Shot Property Historic Resources1 Historic M&I Reserve on Adjacent Coleman Segment of LS Vein: 206k Tonnes @ 18.3 g/t Gold for 121,500 Ounces of Contained Gold2 1 The historical production information presented is based upon reports file by the US Geological Survey from information provided by
Slide 25: Lucky Shot Vein: +1 Mile Strike Length
Lucky Shot Vein: +1 mile (1.6 km) strike length and open along strike and down dip 25 Coleman Adit Lucky Shot “500” Adit War Baby Adit Looking NNE Enserch Tunnel
Slide 26: Coleman Block and Lucky Shot Block
4 Coleman block Bey Lucky Shot block wae)
Slide 27: Lucky Shot Update - Safety First Approach
Lucky Shot Update - Safety First Approach Zero LTIs 27
Slide 28: Contango Exploration Plan for Lucky Shot Project
Contango Exploration Plan for Lucky Shot Project Rehab and extend existing Enserch tunnel to explore the Lucky Shot vein down-dip - prep for exploration drilling in three stages: Stage 1a Drift 500 meters along footwall and parallel to vein for detailed in-fill drilling; Stage 1b Continue Enserch tu
Slide 29: Lucky Shot - Pilot Hole Drill Holes
29 Lucky Shot – Pilot Hole Drill Holes Total of 29 completed to date All holes intersected the Lucky Shot Vein 10 pilot holes from Western & Eastern Ballrooms plus four sets of fan holes with 6 holes each from Western Footwall Drift Many contain Visible Gold (VG) ASSAYS PENDING! Completed 12 holes f
Slide 30: War Baby Fault Lucky Shot vein VG VG VG VG Coleman Fault VG VG
War Baby Fault Lucky Shot vein VG VG VG VG Coleman Fault VG VG
Slide 31: 15-20 Meter Spacing
15-20 Meter spacing ee,
Slide 32: Lucky Shot - At the Face with Lucky Shot Vein
32 Lucky Shot – At the Face with Lucky Shot Vein
Slide 33: Thank You
= CONTANGO 022 THANKYOU
Slide 34: Corporate Inquiries
Corporate Inquires:info@contangoore.com+1-778-386-6227www.contangoore.com NYSE American: CTGO Twitter: @orecontangoLinkedIn: Contango OREInstagram: ContangoOREFacebook: Contango ORE
Slide 35: Non-GAAP Forward-Looking Estimates Notice
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA, which are a financial measure not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimated AISC, resour