Osisko Gold Group Inc. · TSXV:OGG

Osisko Gold — Osisko Development — Investor Presentation (March 2021)

34 slides from Osisko Gold's investor presentation, March 2021

  1. Slide 1: A Premier North American Gold Mining Company

    A PREMIER NORTH AMERICAN GOLD MINING COMPANY OSISKODEV.COM TSX.V: ODV MARCH 2021

  2. Slide 2: Cautionary Statement Regarding Forward-Looking Information

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This presentation (this “Presentation”) contains forward-looking information and forward-looking statements (together, “forward-looking statements“) within the meaning of applicable Canadian securities laws and the United States Private Secu

  3. Slide 3: Cautionary Statement Regarding Technical Information

    CAUTIONARY STATEMENT REGARDING TECHNICAL INFORMATION MINERAL RESOURCES This Presentation contains information regarding mineral resources estimated at the projects referenced herein. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral r

  4. Slide 4: A North American Intermediate: Company Description and Highlights

    COMPANY DESCRIPTION - HIGHLIGHTS ADVANCED, LARGE AND LOW CAPEX CARIBOO A NORTH GOLD PROJECT LOCATED WORLD-CLASS IN CENTRAL BC AMERICAN + MANAGEMENT TEAM WITH INTERMEDIATE NEAR-PRODUCING OPEN PRODUCER IN PIT, HEAP-LEACH SAN PROVEN TRACK RECORD ANTONIO GOLD PROJECT THE MAKING IN SONORA, MX TOTAL M&I R

  5. Slide 5: Financial Information: Over $330 Million of Available Financial Resources

    FINANCIAL INFORMATION OWNERSHIP Capital Structure (c$ M) 0.17% SHARE PRICE $7.50 24.75% BASIC SHARES OUTSTANDING 133,202,891 OPTIONS 1,230,600 WARRANTS (C$10.00 STRIKE, EXPIRATION DATE DEC 2023) 14,789,623 FULLY DILUTED SHARE COUNT 148,952,2341 75.07% MARKET CAPITALIZATION (BASIC) $1,000,000,000 CAS

  6. Slide 6: Premier Mining Jurisdictions

    NORTH AMERICAN PORTFOLIO PREMIER mining Bonanza Ledge II JURISDICTIONS (BC, Canada) Development M&I 271 koz @ 4.4 g/t Inferred 241 koz @ 3.1 g/t Cariboo (BC, Canada) Permitting M&I 2.9 Moz @ 4.7 g/t James Bay (QC, Canada) Inferred 2.5 Moz @ 4.0 g/t Exploration 206,441 ha The cariboo gold project Gue

  7. Slide 7: Creating a Premier North American Gold Company

    CREATING A PREMIER NORTH AMERICAN GOLD COMPANY Enterprise Value ($ B)1 3.30  Positioned to become the next North-American 2.82 gold mid-tier producer Capex 1.61 1.85 1.53 1.58 1.07  Meaningful cash flow and catalysts over the 1.08 next 12-18 months 0.3 0.70  Developing a generational flagship min

  8. Slide 8: NPV/Capex Ratio

    NPV/CAPEX RATIO 4.00 3.80 250% 3.50 200% 3.00 2.84 2.72 2.50 150% 2.11 1.78 NPV/CAPEX 2.00 1.74 AVERAGE RATIO 1.38 100% 1.50 1.15 1.16 1.14 1.00 0.86 50% 0.50 0.00 0% ARTG KOR MAX OLA MOZ SBB SKE AOT LGD ODV NPV/capex capex % market cap ODV stands out relative to the developer average of 1.78 8

  9. Slide 9: Osisko Development Comparables

    OSISKO DEVELOPMENT COMPARABLES Resources (Au Eq. Moz) Development Capex (C$ M) LOM Avg. Production (koz) Artemis Midas 337 Artemis 13.3 0.3 $1,415 Midas Artemis 324 Midas 6.5 1.3 $1,244 Corvus Corvus 282 Sabina 5.3 1.9 $544 Osisko Orla Sabina 610 2762 6.3 0.7 Development Osisko Osisko Skeena 236 3.2

  10. Slide 10: Clearly Defined Path to Intermediate Producer Status by 2023

    CLEARLY DEFINED PATH TO INTERMEDIATE PRODUCER STATUS BY 2023 1 Bonanza Ledge II  EXPECTED PRODUCTION Q1 2021  Estimated production of 62 koz over initial 2 years with further exploration upside near existing workings  POTENTIAL LOW-COST PRODUCTION IN 2021  Brownfield site with minimal capex to f

  11. Slide 11: Cariboo Gold Project – British Columbia, Canada

    CARIBOO GOLD PROJECT – BRITISH COLUMBIA, CANADA 2,071 km2 of mineral N rights Bonanza Ledge II1 Cariboo1,2 M&I 271 koz @ 4.4 g/t M&I 2.9 Moz @ 4.7 g/t Inferred 241 koz @ 3.1 g/t Inferred 2.5 Moz @ 4.0 g/t Existing processing facilities in place QR Mill  Permitted and scalable 1,000 tpd processing f

  12. Slide 12: Developing a Mining Camp

    DEVELOPING A MINING CAMP All current resources are from the boxed area  Two prospective mineralized trends over 83 km strike, having 0.5 km to 2.0 km width and >1.0 km depth  Decades worth of future exploration value-add  High degree of confidence in geological model with significant mineralizati

  13. Slide 13: Enhanced Value Through State-of-the-Art Technology

    ENHANCED VALUE THROUGH STATE-OF-THE-ART TECHNOLOGY  Development Methods - Roadheader and drill and blast - Estimated monthly development rate of 200 m per face and 300 m with multiple faces - Average 11 km/year of development peaking at 16 km/year - Two roadheader crews and 3-4 conventional crews 

  14. Slide 14: Cariboo Status and Milestones

    CARIBOO STATUS AND MILESTONES Late 2019 and 2020 Advancements  New near-resource discoveries at Proserpine, Lowhee, Williams and KL that will add ounces to the global resource  Purchased mill equipment to speed up development timeline, reduce capex and fast-track A NEW engineering GENERATIONAL  P

  15. Slide 15: Processing Strategy

    PROCESSING STRATEGY MINING  4,000 to 6,000 tpd @ 2.5 to 10.0 g/t of ore extracted underground ORE SORTING Grade  Pre-concentrate approximately (60% MassPull) 2,400 to 3,600 tpd @ 6.0 to 8.0 g/t Multiplier of x2 FLOTATION  Concentrate approximately 520 to 770 tpd @ 25.0 to 31.0 g/t Grade COSTS SAV

  16. Slide 16: Low Grade Flowsheet (Ore Sorting)

    LOW GRADE FLOWSHEET (ORE SORTING) MINED GRADE 2.5 -5.0 g/t Coarse Material 2.5 to 5.0 g/t Screen Fine Material Ore sorter 2.5 to 5.0 g/t Ore Sorter Concentrate 5.0 to 10.0 g/t Waste Flotation Circuit Paste Backfill Flotation Concentrate 25.0 to 31.0 g/t QR Mill by truck – 120 km 16

  17. Slide 17: High Grade Flowsheet

    HIGH GRADE FLOWSHEET HIGH GRADE STOPE 5.0 g/t & + Flotation Paste Backfill Circuit Flotation Concentrate 25.0 to 31.0 g/t QR Mill by truck – 120 km 17

  18. Slide 18: San Antonio Gold Project – Sonora, Mexico

    SAN ANTONIO GOLD PROJECT – SONORA, MEXICO  Gold mineralization identified over 5 x 7 km area Sonora Initial resource of 1 Moz Au Eq. at 1.18  Retooling for open pit, heap-leach gold operation g/t Au Eq. grade1  Stockpile of 0.8-1.2 Mt grading 0.5-0.9 g/t could provide a significant source of earl

  19. Slide 19: San Antonio Gold Project – Infrastructure

    SAN ANTONIO GOLD PROJECT – INFRASTRUCTURES Gold Mineralization and Existing SIGNIFICANT EXISTING Stockpile INFRASTRUCTURE pROVIDES A HEAD-START ON PRODUCTION Crushing Facilities Leach Pad Sub Station and SX-EW Plant 19

  20. Slide 20: Best in Class ESG

    BEST IN CLASS ESG ENVIRONMENT PERMITTING INDIGENOUS NATIONS  BGM is working on installing a water  Positive permitting climate in central BC  Positive relationship with Lhtako treatment plant to treat contact water given dearth of high-quality jobs from Dene Nation since 2015. Agreements and effl

  21. Slide 21: Active Leader Within the Local Community

    COMMUNITY RELATIONS  Barkerville is very involved in the Wells community with events and provided funding to local organizations in support of various initiatives - Wells Community Foundation - Island Mountain Arts - Wells and Area Community Association - Community Christmas dinner - Community BBQs

  22. Slide 22: Summary: A North American Intermediate

    SUMMARY  total M&I resources of 3.2 moz plus an additional A NORTH 3.8 moz of inferred resources in tier-1 jurisdictions AMERICAN INTERMEDIATE  STRONG MOMENTUM TO CANADA’S NEXT MAJOR GOLD PRODUCER IN MINE THE MAKING  LARGE, HIGHLY-PROSPECTIVE EXPLORATION PROPERTIES IN CANADA AND MEXICO clear path

  23. Slide 23: Appendix

    oO OSISKO DEVELOPMENT APPENDIX 23

  24. Slide 24: World-Class Leadership

    WORLD-CLASS LEADERSHIP SEAN ROOSEN, CEO Alexander dann, CFO, cpa, ca Board of  25 years of experience leading finance operations and strategic planning • Founding member of Osisko Mining Corporation (2003-2014) for companies in the mining and manufacturing sectors Directors • Responsible for develo

  25. Slide 25: Strong Momentum to Canada's Next Major Gold Mine

    STRONG MOMENTUM TO CANADA’S NEXT MAJOR GOLD MINE Revised geologic 43-101 compliant model unlocks resource estimate Underground and value. Drilling and mining of small open pit lode success increases remaining ore at deposits mined from 20% to 90% Bonanza Ledge 1852 1920 - 1987 1999 2015 2016 2017 20

  26. Slide 26: Processing QR Mill Overview

    PROCESSING QR MILL OVERVIEW  An existing facility, permitted for tailings  Site layout for the mill complete  CIL cyanidation process  1,000 tpd mill capacity  Converting from a sub-aqueous TSF to a dry-stack facility  Water treatment plant construction underway  Total planned tailings capaci

  27. Slide 27: Site Overview

    SITE OVERVIEW  Design for Site Layout Completed  Major Components - Camp (~200 person camp) - Waste Rock Storage - Retention Pond - Water Treatment - Concentrator building - Fueling INFRASTRUCTURE OVERVIEW  Concentrator Building - Ore sorting - Grinding / Flotation Circuit - Paste Plant - Office

  28. Slide 28: Cariboo PEA Metrics (Aug 2019 PEA at 4,000 tpd)

    CARIBOO PEA METRICS (AUG 2019 PEA AT 4,000 TPD) Gold Price US$1,600/oz, USD/CAD 1.30 After-Tax IRR (%) 40.7%  2019 PEA results shown based on 4,000 tpd After-Tax NPV 5% ($ M) $671  Current permitting applications contemplate Pre-Production Construction Costs ($ M) $306 a 4,750 tpd operation with h

  29. Slide 29: Cariboo Gold Project – PEA Sensitivity Analysis

    CARIBOO GOLD PROJECT – PEA SENSITIVITY ANALYSIS Gold Price (US$/oz) $1,400 $1,500 $1,600 $1,700 $1,800 $1,900 $2,000 Pre-Tax NPV 5% ($ M) $732 $897 $1,062 $1,227 $1,392 $1,558 $1,723 After-Tax NPV 5% ($ M) $462 $567 $671 $776 $880 $985 $1,089 Pre-Tax IRR 38% 45% 51% 57% 63% 69% 75% After-Tax IRR 31%

  30. Slide 30: New Discoveries

    NEW DISCOVERIES PROSERPINE Hole ID From (m) To (m) Length (m) Grade (g/t Au) Target BM-19-079 134.50 140.30 5.80 11.87 KL Zone BM-19-105 99.80 112.60 12.80 20.66 Lowhee BM-19-109 120.00 138.70 18.70 10.53 Lowhee BM-20-020 188.30 198.50 10.20 18.18 Lowhee CM-19-055 89.60 98.30 8.70 15.87 Cow CM-20-00

  31. Slide 31: Asset Resources

    ASSET RESOURCES Cariboo1 Tonnage Grade Contained Category (kt) (g/t Au) (koz Au) Measured - - - Indicated 19,531 4.7 2,929 M&I 19,531 4.7 2,929 Inferred 19,252 4.0 2,480 Bonanza Ledge II2 Tonnage Grade Contained Category (kt) (g/t Au) (koz Au) Measured 240 5.1 39 Indicated 1,671 4.3 232 M&I 1,911 4.

  32. Slide 32: Bullish Factors for Gold

    BULLISH FACTORS FOR GOLD  The world’s total debt is now $281 trillion or 355% of global GDP vs $250 trillion 12 months ago & $173 trillion 10 years ago  The total public debt in the US in now $27.97 trillion vs $23 trillion in March 2020, $20 trillion 2 years ago & $14 trillion 10 years ago  The

  33. Slide 33: Best in Class ESG – Canadian Malartic Case Study

    BEST IN CLASS ESG – CANADIAN MALARTIC CASE STUDY EXPLORATION CONSULTATION & ENVIRONMENT FINANCING & PRODUCTION Strict safety and COMMUNITY Agreement with the CONSTRUCTION After more than 800,000 mitigation measures in RELATIONS Ministry of Natural Raised over $1 B during metres of drilling and place

  34. Slide 34: Osisko's Successful History in the Mining Sector

    OSISKO’S SUCCESSFUL HISTORY IN THE MINING SECTOR PROVEN Acquisition of Orion Mine $10.0 HISTORY Finance Portfolio $9.0 OF VALUE CREATION Canadian Malartic Acquisition of $8.0 - Sale and Spin-out of Virginia by OR In C$ Billions Osisko Gold Royalties $7.0 $8.7 BILLION OF VALUE CREATED $6.0 Investment

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