Slide 1: Peak Gold Joint Venture Project
PEAK GOLD JOINT VENTURE PROJECT TOK MINING DISTRICT, ALASKA Contango ORE, Inc. September 20, 2017 1
Slide 2: Contango ORE, Inc. Disclaimer
CONTANGO ORE, INC. DISCLAIMER This presentation may contain forward-looking statements including, but not limited to, comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, in-situ valuations, mining costs, potential mineral recovery
Slide 3: Peak Gold, LLC
PEAK GOLD, LLC On January 8, 2015, Contango Ore and Royal Gold, Inc. formed a joint venture, Peak Gold, LLC through their wholly owned subsidiaries. Contango contributed its State of Alaska mining claims and its Tetlin Lease to the Joint Venture. Royal Gold would manage and operate continued e
Slide 4: Location
LOCATION Located in Eastern Interior Alaska on Alcan Hwy, 200 paved road miles from Fairbanks, 15 miles south of Tok All-season gravel road with power and communications in the Peak resource area, three large mines operating in the region Contango ORE, Inc. - Peak Gold Joint Venture Project 4
Slide 5: Tetlin Land
45 miles TETLIN LAND Land includes 675,000 acres of fee simple land leased from Tetlin Village and approximately 174,900 acres of State mining claims owned by Peak Gold JV. 54 miles No previous exploration on Tetlin Village lands, an area measuring 45 miles E-W by 54 miles N-S. Multiple gold-b
Slide 6: Tetlin Regional Geology
TETLIN REGIONAL GEOLOGY Modified after Newberry et. al, 1998 Contango ORE, Inc. - Peak Gold Joint Venture Project 6
Slide 7: Geology and Mineralization
GEOLOGY AND MINERALIZATION Host rocks are poly-metamorphosed Paleozoic calcareous schists in a largely psammitic schist basement disconformably overlain/intruded by local Tertiary volcanic/plutonic rocks 70 Ma mineralization occurs in chlorite-amphibole-rich distal skarn assemblages. No prograde
Slide 8: Tetlin Gold in Soil Over Magnetics
TETLIN GOLD IN SOIL OVER MAGNETICS 4 miles 3.5 miles North Peak Zone West Peak Zone Contango ORE, Inc. - Peak Gold Joint Venture Project 8
Slide 9: Cautionary Note to U.S. Investors
CAUTIONARY NOTE TO U.S. INVESTORS Note: The US Securities and Exchange Commission permits US listed mining companies to disclose in their SEC filings only information about "reserves," or that part of a mineral deposit which could be economically and legally extracted or produced. Contango ORE Inc.
Slide 10: Grade x Thickness: Main Peak - North Peak Zones
GRADE x THICKNESS: MAIN PEAK - NORTH PEAK ZONES Contango ORE, Inc. - Peak Gold Joint Venture Project 10
Slide 11: Tetlin Project Resources
TETLIN PROJECT RESOURCES (Resource from Contango ORE, June 2017) Updated estimates of mineralized material1 for the Main and North Peak areas which are operated by the Peak Gold, LLC joint venture (“Peak Gold”) in Eastern Alaska The measured and indicated resources2 were calculated with resource con
Slide 12: Notes on mineralized material and resource terms
1The U.S. Securities and Exchange Commission does not recognize this term. Mineralized material is that part of a mineral system that has potential economic significance but cannot be included in the proven and probable ore reserve estimates until further drilling and metallurgical work is completed
Slide 13: Aggregate mineralized material at various cutoff grades
Aggregate mineralized material, of which measured and indicated resources as shown above are a subset3, at various cutoff grades are show below: Grade > Cut-off Contained M etal Cut-off Tonnage Au Ag Cu Au Ag Cu (g/t AuEq) (kt) (g/t) (g/t) (%) (k oz) (k oz) (M lbs) 0.3 18,142 2.62 13.64 0.15 1,526 7
Slide 14: Tetlin Project Work Summary
TETLIN PROJECT WORK SUMMARY Stream Airborne Mag+EM Core Rock Soil Pan Con Core Geophys Trenching Expenditures Year Sed (km) (not including samples samples samples samples (feet) (km) (feet) (US$) samples IP) 2009 0 958 33 94 11 0 0 2,330 639,429 0 2010 0 613 760 668 795 0 14 0 877,762 0 2011 1,267 2
Slide 15: Contango ORE Corporate Metrics
CONTANGO ORE CORPORATE METRICS CTGO: OTCQB As of September 15, 2017: Outstanding shares of common stock (which includes 172,330 shares of unvested restricted stock ): 4,921,163 Outstanding options: 265,000 Outstanding warrants: 580,999 Fully Diluted shares of common stock: 5,767,162 Stock price: $17
Slide 16: Tetlin Project Summary
TETLIN PROJECT SUMMARY Road accessible on stable, State of Alaska and fee simple lands. Current indicated resource averages +3 grams gold per tonne, is located at or near surface and is open to expansion. Multiple unexplored gold occurrences identified outside of the 100-acre Main Peak – North