I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (June 2024)
26 slides from I-80 Gold's investor presentation, June 2024
Slide 1: Made in the U.S.A.
MADE IN THE U.S.A. NYSE:IAUX | TSX:IAU June 2024
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CautionaryStatementRegarding Forward-Looking Information DISCLAIMER Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements or information regarding: com
Slide 3: Our Vision: The Opportunity
OUR VISION I-80 GOLD Convert exploration success into operational excellence THE OPPORTUNITY • All-Nevada – one of the world’s premier mining jurisdictions • One of the largest holders of gold and silver resources in the United States: • 14.6 M oz Au (6.5 M oz M+I – 8.1 M oz Inf) • +180 M oz Ag (104
Slide 4: Lone Tree, Ruby Hill, Cove, Granite Creek
Fully permitted processing site Central processing facility in Company’s long-term growth strategy (Autoclave, Floatation/CIL, Heap Leach) LONE TREE Current resource: 3.17 M oz Au (0.41 M Ind. – 2.76 Inf.) Buffalo Mountain Project (oxide) nearby Advanced permitting status Planned process
Slide 5: Fundamentals: Large High-Grade Resource Base
FUNDAMENTALS Large High-Grade Resource Base Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) • Targeting a significant increase in AuEq resources: M&I (Moz Au) Inferred (Moz Au) • Underground and surface drilling in the SPZ at Granite Creek 15.2 • Significant expansion potential
Slide 6: Fundamentals: Superior Grades
Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) FUNDAMENTALS Superior Grades SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) • i-80 open-pit grades rank among the 1.77 2.00 1.80 1.52 1.42 highest-grade in the US, especially 1.38 1.39 1.60 1.40 1.11 when compared to
Slide 7: Central Nevada: World's Most Productive Gold District
CENTRAL NEVADA World’s Most Productive Gold District • The Carlin & Battle Mountain Trends in Central Nevada collectively represent the world’s most productive gold “district” • i-80 is the largest holder of gold resources in the Central Nevada district next to Nevada Gold Mines (Barrick-Newmont JV)
Slide 8: Lone Tree Mine
• One of three companies in Nevada with refractory ore processing facility • Future Upside Opportunities: 100% OWNED • Powerline Fault Underground LONE TREE MINE • Sequoia Fault Discovery GRANITE CREEK MINE • Buffalo Mountain Near-Pit Mineral Resources Tonnage Au Grade Gold OUR COMPETITIVE ADVANTAGE
Slide 9: Granite Creek
GRANITE CREEK (Au) UNDERGROUND AND OPEN PIT RESOURCES Location: Mineral Resources – Underground • Immediately South of NGM’s Turquoise Category Tonnage Au Grade Gold Ridge Mine (+25 M oz Au) (kt) (g/t) (Koz) • ~55km to Lone Tree autoclave Measured & Indicated 1,008 10.40 337 Status: Inferred 741 13.
Slide 10: Granite Creek: Resource Expansion
GRANITE CREEK 600 m Resource Expansion • The SPZ Zone remains open at depth and along strike to the north • Surface & underground results demonstrate grades consistently in Open excess of 10 g/t Au over expected mine widths • Historic drilling suggests the potential to extend mineralization >1 km no
Slide 11: Granite Creek: Feasibility Study Progress
GRANITE CREEK Feasibility Study Progress • Completed successful test mining of the Ogee and Otto Zones • First ore development into South Pacific Zone – expecting mid-2024 • Ramping up the 2024 drilling campaign to expand and upgrade resources in the SPZ (23,000m planned – 4 drills) Preliminary mode
Slide 12: Cove Mine
COVE MINE (Au, Ag, Zn, Pb) Location: • Immediately South of NGM’s Phoenix Cu- Au Mine Buffalo Mtn • ~ 85 km to Lone Tree autoclave UNDERGROUND RESOURCES (i-80) Status: Mineral Resources2 • Underground definition drilling program to Tonnage Au Grade Gold Converse increase M+I resources - FS (kt) (g/t
Slide 13: Cove Mine: Advanced Exploration Program
COVE MINE Advanced Exploration Program • One of the highest-grade, development stage, gold deposits in North America • Open for expansion down-plunge • Large-scale property with excellent exploration upside • Several new discoveries have yet to be followed-up including polymetallics Bouguer Gravity
Slide 14: Ruby Hill
RUBY HILL (Au, Ag, Zn, Pb, Cu) UNDERGROUND AND OPEN PIT RESOURCES Location: Mineral Resources – Underground • Dominant land position in the Eureka Category Tonnage Au Grade Gold Mining District (kt) (g/t) (Koz) • ~250 km to Lone Tree M&I 1,200 5.22 202 Status: Inferred 8,210 6.02 1,588 • Permitting
Slide 15: Ruby Hill: Multiple Deposits – Shared Infrastructure
RUBY HILL Multiple Deposits – Shared Infrastructure • Designing infrastructure to access both gold (Ruby Deeps & 426) and polymetallic Upper Hilltop base metal deposits (Blackjack & Hilltop) • Underground platforms will provide improved locations to target expansion of mineralized zones & reduce cos
Slide 16: Ruby Hill: Preliminary Mine Design – Ruby Deeps
Preliminary Mine Design – Ruby Deeps Deposit RUBY HILL OPEN Development Plan • Advancing permitting for underground development and initial mine planning for updated technical studies • Mine plan optimization in 2024 • 426, and Ruby Deeps Metallurgical plan in progress • Head analysis, mineralogy, b
Slide 17: Polymetallic Zones
POLYMETALLIC ZONES CRD Mineralization (Hilltop Discovery) • Drilling has defined multiple zones of CRD mineralization along the Hilltop fault structure over a strike length of ~750 m • High-grade mineralization in the Upper, Lower and East Hilltop Zones Skarn Mineralization • South-most hole drilled
Slide 18: FAD Project (Au, Ag, Zn, Pb)
FAD PROJECT (Au, Ag, Zn, Pb) Open for expansion to the SE and NE High-Grade Polymetallic Deposit • Definition and expansion drill program completed in 2023 – recent results include: • 9.0 g/t Au, 92.4 g/t Ag, 12.2% Zn & 1.0% Pb - 14.6 m (PC23-22) • 3.9 g/t Au, 185.6 g/t Ag, 11.1% Zn & 3.6% Pb - 25.4
Slide 19: Going Forward
GOING FORWARD Achieving Success Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) • Converting resources to reserves M&I (Moz Au) Inferred (Moz Au) • Delivering technical studies to enhance our financing options to deliver long- term production growth plan 15.2 • Message and execu
Slide 20: Summary
SUMMARY GROWTH EXECUTING OUR CAPITAL ALLOCATION STRATEGY Organic growth platform with a goal of Executing a plan to grow reserves & Prioritizing reserve increases and mine becoming Nevada’s 2nd largest gold resources, production, and cash flow development producer with sustainable development opport
Slide 21: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 384,896,725 Warrants 60,065,434 Options 10,898,252 RSU’s/DSU’s 3,434,985 Fully Diluted 459,295,396 • On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears a
Slide 22: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS EWAN DOWNIE MATT GILI MATT GOLLAT RYAN SNOW TODD ESPLIN ANDY COLE JON LAIRD Chief Executive President & COO Executive Vice- Chief Financial Officer Technical Director Senior Mining & Cove & Granite Creek Officer & Director President Proc
Slide 23: Mineral Resources
MINERAL RESOURCES MINERAL RESOURCES1,2,3,4,5,6 Tonnes Au Grade Ag Grade Au Ounces Ag Ounces (kt) (Au g/t) (Ag g/t) (Koz) (Koz) Mineral Resources Attributable to i-80 Gold Corp. upon closing of the Lone Tree Measured and Ruby Hill Arrangements Granite Creek - Open Pit 20,857 1.47 988 Granite Creek -
Slide 24: Drill Hole Press Release Links: Granite Creek
DRILL HOLE PRESS Granite Creek https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-underground-drilling-at-granite-creek/ RELEASE LINKS: https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-expansion-drilling-at-granite-creek/ https://www.i80gold.com/i-80-gold-reports-final-re
Slide 25: Drill Hole Press Release Links: Ruby Hill
DRILL HOLE PRESS Ruby Hill RELEASE LINKS: https://www.i80gold.com/i-80-gold-drilling-intersects-7-1-g-t-au-over-78-6-m-including-10-1-g-t-au-over-41-8-m-at-ruby-hill/ https://www.i80gold.com/i-80-gold-intersects-19-8-g-t-au-over-33-2-m-in-southmost-step-out-hole-at-ruby-hill/ Press Release links to
Slide 26: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS EVA BELLISSIMO CHRISTINA CASSANDRA RON CLAYTON JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV MCCARTHY JOSEPH Chairman Director Director Director Director Director Director Director 4 0 + year s 2 0 + year s leg al, 4 0 + year s o p er atio n al 2 5 year s ex p er ie