International Tower Hill Mines Ltd. · TSX:ITH
International Tower Hill Mines — Investor Presentation (June 2023)
20 slides from International Tower Hill Mines's investor presentation, June 2023
Slide 1: Largest Independent Gold-Only Resource in North America
Largest Independent Gold-Only Resource in North America Corporate Presentation June 2023 Alaska Headquarters Tower Hill Mines, Inc. 506 Gaffney Road, Suite 200 Fairbanks, AK 99701 1-855-428-2825 TSX: ITH TSX: ITH| | NYSE NYSEAmerican: American:THM THM www.ithmines.com www.ithmines.com
Slide 2: Forward-Looking & Cautionary Statements
Forward-Looking & Cautionary Statements Scientific or technical information contained herein is derived from the Company’s pre-feasibility study (the “PFS”) for its Livengood Gold Project (“Livengood” or the “Project”), which is summarized in more detail in the Company’s press release of November 4,
Slide 3: Largest Independent Gold-Only Resource in North America
Largest Independent Gold-Only Resource in North America 15 13.6 11.7 M&I Resources (m oz) 10 8.1 8.0 7.1 6.0 5 4.7 4.0 0 Livengood Blackwater Hardrock Courageous Cote Stibnite Dublin Magino (ITH) (Artemis) (Equinox) Lake (Iamgold) (Perpetua) Gulch (Argonaut) (Seabridge) (Victoria) Source: ITH - Nove
Slide 4: Exceptional Value Upside with Higher Gold Prices
Exceptional Value Upside with Higher Gold Prices NPV(5%) Increases 6x with 0.4x Increase in Gold Price NPV at 0% ($M) NPV at 5% ($M) $5,102 $2,500 $2,351 Gold Price ($/oz) $2,729 $2,000 $975 $1,741 $1,800 $400 ITH Mkt $84 Current Market Cap 9% of NPV (5%) at $2,000/oz Gold Price Cap ($M) $- $1,000 $
Slide 5: Opportunity To Invest At Low Valuation
Opportunity To Invest At Low Valuation $150 $99 $102 Market Cap/Reserve Ounce $100 $69 $50 $19 $6 $9 $10 $- Belo Sun Mining ITH Vista Gold Seabridge Gold Perpetua NovaGold Artemis Gold Resources Fully Diluted Shares, Market Price and Proven & Probable Reserves of companies other than ITH based on co
Slide 6: Livengood Gold Resource and Reserve
Livengood Gold Resource and Reserve ▪ 13.6m Ounces Measured & Indicated Resources at $1,650/oz (705m Tonnes, Avg. Grade 0.60 g/t, variable cut-off grades) ▪ 9.0m Ounces Proven & Probable Reserves at $1,680/oz (430m Tonnes, Avg. Grade 0.65 g/t, variable cut-off grades) ▪ 776 Drill Holes Totaling 711,
Slide 7: Lowest Strip Ratio Amongst Independent Gold-Only Projects in North America
Lowest Strip Ratio Amongst Independent Gold-Only Projects in North America 10 7.4 Life-of-Mine Strip Ratio 5 4.8 3.9 2.4 2.5 2.0 1.2 0 Livengood Blackwater Cote (Iamgold) Stibnite Hardrock Magino Courageous (ITH) (Artemis) (Midas) (Equinox) (Argonaut) Lake (Seabridge) Source: ITH – November 4, 2021
Slide 8: Alaska: Safe and Rich Mining Jurisdiction
Alaska: Safe and Rich Mining Jurisdiction Numerous Mines in Operation • Red Dog (Teck/NANA), Fort Knox (Kinross), Pogo (Northern Star), Kensington (Coeur), Greens Creek (Hecla), Usibelli (UCM) Second Largest Gold Producing State in USA Livengood Mining District Active Since 1914 State has Designated
Slide 9: Low Strip Ratio & Gently Rolling Terrain Underpin Highly Favorable Mining Conditions
Low Strip Ratio & Gently Rolling Terrain Underpin Highly Favorable Mining Conditions TSX: ITH | NYSE American: THM 9 www.ithmines.com
Slide 10: Unparalleled Infrastructure Advantages
Unparalleled Infrastructure Advantages 70 Miles NW of Fairbanks • Accessible Year-Round via Paved Highway 50 Miles from Electric Grid Power • Easy Access To Grid Using Trans-Alaska Pipeline System, a Designated Utility Corridor That Is Already in Operation No Need for a Camp Access to Highly Skilled
Slide 11: 2021 Pre-Feasibility Study & 2022 Technical Report Summary De-Risking Livengood
2021 Pre-Feasibility Study & 2022 Technical Report Summary De-Risking Livengood Gold Project Solid foundation for the future ▪ Whittle & BBA collaboration on project optimization ▪ Detailed geological model ▪ Conservative resource modelling ▪ Robust metallurgical test work ▪ First principles approac
Slide 12: Significant Production Profile Supports Enviable Mine Life
Significant Production Profile Supports Enviable 21 Year Mine Life – 6.4M Oz 500,000 400,000 Year 1-5 Avg 388,600 oz/yr LOM Avg 316,900 oz/yr Annual Gold Production (oz) 300,000 200,000 100,000 0 1 5 9 13 17 21 Year Source: ITH News Release - November 4, 2021 TSX: ITH | NYSE American: THM 12 www.ith
Slide 13: Excellent Exploration Potential
Excellent Exploration Potential Defined Exploration Potential Exists at Depth and SW of Existing Resource Current Resource Covers 1 Square Mile of the Company’s Expansive 75 Square Mile Land Package TSX: ITH | NYSE American: THM 13 www.ithmines.com
Slide 14: 2021 Pre-Feasibility Study & 2022 Technical Report Summary De-Risked Livengood Gold Project
2021 Pre-Feasibility Study & 2022 Technical Report Summary De-Risked Livengood Gold Project ▪ Project size optimized at 65,000 tons/day ▪ 6.4 million ounces of gold produced over 21 years ▪ Capital Cost ▪ Initial $1.93 billion ▪ Sustaining $ 658 million ▪ Operating Cost ▪ Year 1-5 $ 887/oz ▪ Life of
Slide 15: Ongoing Environmental Baseline Program Prepare for Future Permitting
Ongoing Environmental Baseline Program Prepare for Future Permitting ▪ Rock Characterization ▪ Geohydrology ▪ Surface Water & Hydrology ▪ Meteorology ▪ Air Quality ▪ Wetlands & Vegetation ▪ Aquatic Studies ▪ Cultural Resources ▪ Noise Studies ▪ Wildlife & Habitat Studies TSX: ITH | NYSE American: TH
Slide 16: ITH: Impressive Shareholder Support
ITH: Impressive Shareholder Support 31.7% Paulson 14.1% Electrum 13.5% Sprott 8.1% Kopernik 32.6% Public Float TSX: ITH | NYSE American: THM 16 www.ithmines.com
Slide 17: ITH: A Premier American Gold Play
ITH: A Premier American Gold Play ▪ Largest Independent North American Gold-only Deposit ▪ Exceptional Value Upside with Higher Gold Prices ▪ Current Market Capitalization Only 9% of Project NPV(5%) at $2,000/oz Gold Price* ▪ Easy Access to Critical Infrastructure ▪ PFS and S-K 1300 completed, March
Slide 18: Alaskan Management Team
Alaskan Management Team Track Record of Large Mine Development and Permitting Success Mr. Hanneman has over 40 years of Alaska-based mining industry experience and most recently was COO of ITH. Prior to joining the Company in 2010, he played a key role on the team that worked to Karl L. Hanneman res
Slide 19: Board of Directors
Board of Directors Partner at Paulson & Co. Inc. since 2011, where he oversees natural resource investments, specializing in gold, base metals, bulk commodities Marcelo Kim and oil & gas. Prior to that, commencing in 2009, he was a generalist analyst covering event arbitrage investment opportunities
Slide 20: Capital Structure & Treasury
Capital Structure & Treasury TSX: ITH - NYSE American: THM (As of March 30, 2023) Issued & Outstanding Shares 195,313,184 Shares Fully Diluted 200,006,509 Working Capital (As of March 31, 2023) $4.2 Million Major Shareholders Shares Held % Paulson & Co. Inc. 61,930,724 31.7 Electrum Group LLC 27,613
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