Slide 1: An Emerging North American High-Grade Mid-Tier Silver & Gold Producer and Developer
EXHIBIT 99.2 NYSE-A / TSX: CTGO AN EMERGING NORTH AMERICAN HIGH-GRADE MID- TIER SILVER & GOLD PRODUCER AND DEVELOPER ys CONTANGO SILVER AND GOLD MAY 2026 WWW.CONTANGOORE.COM
Slide 2: Disclaimer: Forward-Looking Statements and Information
DISCLAIMER FORWARD-LOOKING STATEMENTS AND INFORMATION This presentation contains "forward-looking statements" within the meaning of applicable United States securities legislation (collectively referred to as "forward-looking information" ("FLI")), and readers should read the cautionary notes relate
Slide 3: Emerging Mid-Tier Silver-Gold Producer
fs C @) N | AN & (@) NYSE - A | TSX INDEX RUSSELL INDEX INDEX a SILVER AND GOLD CTGO GDXJ 2000° SIL_ SILJ EMERGING MID-TIER SILVER-GOLD PRODUCER MANH CHOH LUCKY SHOT JOHNSON TRACT KITSAULT MINE MINE PROJECT VALLEY IN PRODUCTION ADVANCING TO FEASIBILITY ADVANCED EXPLORATION EXPLORATION PERMITTING WWW
Slide 4: ~33 M SHARES O/S NYSE / TSX CTGO DUAL LISTED Fairbanks AK HEADQUARTERS NORTH
~33 M SHARES O/S NYSE / TSX CTGO DUAL LISTED Fairbanks AK HEADQUARTERS NORTH AMERICAN SILVER & GOLD PRODUCER ~2 Moz Au Gold ~65 Moz Ag Silver TOTAL RESOURCES $100M CASH ON HAND $100M+ 2025 FREE CASH FLOW
Slide 5: Strong Capital Markets Profile
STRONG CAPITAL MARKETS PROFILE Approximate amounts reported as of May 13, 2026; Cash reported as of March 31, 2026 On a fully diluted; Outstanding shares includes exchangeable shares and 850,000 non-voting pre-funded warrants CTGO convertible debt (convertible into 655,738 shares at US$30.50) Capita
Slide 6: Positioned for Re-Rating: Significant NAV Discount with Unmatched Upside Potential
Positioned for Re-Rating: Significant NAV Discount with Unmatched Upside Potential UNDERVALUED RELATIVE TO PEER GROUP Source: Company Materials, brokers’ estimates as of April 2026
Slide 7: Highly Leveraged to Silver & Gold
HIGHLY LEVERAGED TO SILVER & GOLD Source: Company Materials, brokers’ estimates as of April 2026; Calculated at spot Au & Ag prices, excludes base metal credits GRADE IS KING
Slide 8: Contango's Five Year Development Pipeline
CONTANGO’S FIVE YEAR DEVELOPMENT PIPELINE TARGET 200k oz Au + 5M oz Ag 2 Yrs 100,000 GEO 2 – 3 Yrs See news release dated November 29, 2024 “Contango Reaffirms and Updates 2025 Manh Choh Guidance” See new released dated May 5, 2025 “Contango Announces S-K 1300 Technical Report Summary with Robust
Slide 9: Strategically Positioned Amid Sector Scarcity
8 (Ag project in Mexico) +++ STRATEGICALLY POSITIONED AMID SECTOR SCARCITY North America – Ag-Focused Developers North America – Producers North America – Au-Focused Developers Contango is Strategically Positioned to Become a Mid-Tier North American Gold-Silver Producer Criteria: Production & Develo
Slide 10: Company Portfolio Overview
rN CONTANGO SILVER AND GOLD COMPANY PORTFOLIO OVERVIEW NYSE-A/TSX: CTGO WWW.CONTANGOORE.COM
Slide 11: Precious Metals Focused Portfolio Executing on Our Direct Ship Ore Model
PRECIOUS METALS FOCUSED PORTFOLIO EXECUTING ON OUR DIRECT SHIP ORE MODEL (DSO) FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2. GEO = Gold Equivalent Ounces 3. See news release dated March 16, 2026 “Contango Announces 2025 Year End Financials and Provides 2026 a
Slide 12: DSO Criteria and Success of DSO Approach
DSO CRITERIA High-grade resources Gold, Silver, Copper focus Near Infrastructure Road Rail Water Simple permitting from a mining perspective Private and State lands Minimal water and wetlands impact Simple mining/processing 2020/2021 2022 2023 2024 JV with Kinross, Community Outreach, PFS/FS, permit
Slide 13: Manh Choh Mine – Demonstrated DSO Success in Production
YEAR END 2025 RESULTS & LOM GUIDANCE 60,200 oz of gold produced 57,315 oz of silver produced $102 million cash distribution to Contango AISC = $1,616 per oz sold Manh Choh to Fort Knox 240 mi Kinross is operator (70% owner) On schedule and on budget State and Federal permits received within 18 mon
Slide 14: What Is the Direct Shipping Ore (DSO) Approach?
WHAT IS THE DIRECT SHIPPING ORE (DSO) APPROACH? Drill & Muck at Mine Site Load & Weigh at Mine Site Transport via Rail/Road/Barge Ore mined underground Loaded into covered/sealed containers at the mine site Small environmental footprint Containers loaded and weighed at mine site Ore containers loade
Slide 15: Precious Metals Focused Portfolio: Lucky Shot
FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2. GEO = Gold Equivalent Ounces 3. See news release dated March 16, 2026 “Contango Announces 2025 Year End Financials and Provides 2026 and 2027 Production Guidance” 4. LOM = Life of Mine, MRE = Mineral Resource Esti
Slide 16: Lucky Shot – Our Next DSO Project
FEASIBILITY UNDERWAY Current 18,000m in-fill and expansion drill program for resource definition OBJECTIVES: Define high-grade “ore shoots” Delineate 400,000 to 500,000 oz Au measured and indicated resource Collect data for detailed feasibility-level mine and transportation plan Anticipate $50 - $60
Slide 17: High Grade KM Vein
High Grade KM Vein 5.92m @ 60.24 g/t Au 0.31m @ 99.75 g/t Au 1.5m @ 59 g/t Au Close-in opportunity to define ~50,000 Oz Au in a 100m x 100m area directly below the West Drift extension. VG and Ga KW Vn projection 100m W. Drift Extension (Proposed) Lucky Shot Fault ? new discovery – Keith Miles vein
Slide 18: Precious Metals Focused Portfolio: Johnson Tract
FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2. GEO = Gold Equivalent Ounces 3. See news release dated March 16, 2026 “Contango Announces 2025 Year End Financials and Provides 2026 and 2027 Production Guidance” 4. LOM = Life of Mine, MRE = Mineral Resource Esti
Slide 19: Johnson Tract – FAST 41 Permitting and Initial Assessment
EXPLORATION / PERMITTING 2026 WORK PROGRAM JOHNSON TRACT – FAST 41 PERMITTING JOHNSON TRACT INITIAL ASSESSMENT1 Post-Tax NPV5 of USD $615.4 million with a post-tax IRR of +60% at $4,000 LOM annual average production of 102,258 oz Au Eq at 7.58 g/t Au Eq Initial Capital costs of $213.6 million, inclu
Slide 20: Precious Metals Focused Portfolio: Kitsault Valley
FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2. GEO = Gold Equivalent Ounces 3. See news release dated March 16, 2026 “Contango Announces 2025 Year End Financials and Provides 2026 and 2027 Production Guidance” 4. LOM = Life of Mine, MRE = Mineral Resource Esti
Slide 21: Kitsault Valley Project Highlights
KITSAULT VALLEY PROJECT HIGHLIGHTS 163 Km2 Land Position ~65 M oz silver and ~1 Moz gold resources defined Avg ~ 300 g/t Ag New Mineral Resource Estimate due in Q2 2026 FIVE MAIN DEPOSITS: Homestake Ridge Homestake Silver Wolf Dolly Varden Mine Torbrit 2026 PROGRAM New Mineral Resource Estimate due
Slide 22: The Contango Value Proposition: High Margin, High Torque, Proven Results
The Contango Value Proposition: High Margin, High Torque, Proven Results An Emerging Mid-Tier Silver-Gold Producer 21 Tier 1 Low-Risk Jurisdictions Tier 1 Alaska & British Columbia operations minimize geopolitical risk while ensuring streamlined permitting (FAST-41) Self-Funded Growth Model Targetin
Slide 23: Corporate Inquiries
22 info@contangoore.com +1-907-388-7770 www.contangoore.com Twitter: @orecontango LinkedIn: Contango ORE Instagram: ContangoORE Facebook: Contango ORE CORPORATE INQUIRIES NYSE-A / TSX: CTGO
Slide 24: Non-GAAP Reconciliation Disclaimer
NON-GAAP RECONCILIATION DISCLAIMER This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources, free cash flow and EBITDA, which are financial measures not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot
Slide 25: Leadership Team
LEADERSHIP TEAM Rick Van Nieuwenhuyse CEO & Director 40+ years of experience in the mining industry. He previously served as President and CEO of Trilogy Metals and founded NOVAGOLD where he served as President and CEO. Shawn Khunkhun President & Director 20+ years of experience in capital markets a
Slide 26: Building Our ESG Framework
BUILDING OUR ESG FRAMEWORK DEVELOPING OUR STRATEGY AROUND OUR BUSINESS MODEL AND CORE VALUES BUILT ON OUR FUNDAMENTAL DSO CRITERIA High-grade resources Gold, Silver, Copper focus Near Infrastructure Road Rail Water Simple permitting from a mining perspective Minimal water and wetlands impact Simple
Slide 27: High-Grade Asset Portfolio: Resources & Grade
Gold Contango Resources & Grade Asset Diversification, Increased Scale and Significant Exposure to Gold and Silver in Neighbouring Tier I Jurisdictions M&I Inferred HIGH-GRADE ASSET PORTFOLIO M&I Inferred Silver Contango 1.9 Moz 65.3 Moz Effective date of December 31, 2024 – refer to Corporate Reser
Slide 28: Contango's Reserves and Resources
CONTANGO’S RESERVES AND RESOURCES CONTINUED ON NEXT PAGE Notes: Manh Choh Reserves 1 - Published from Contango 10K. Reserves Current as of 31DEC25 2 -The definitions for mineral reserves in S-K 1300 were followed for mineral reserves. 3 - Mineral reserves were estimated at long term prices of $2,000
Slide 29: Contango's Reserves and Resources
CONTANGO’S RESERVES AND RESOURCES Notes: Lucky Shot Resources 1. Mineral Resources were estimated as of 26 MAY 23 under definitions for Mineral Resources in S-K1300. See TRS Lucky shot Project Alaska, USA. 2. Mineral resources are estimated using long term prices of US$1,600/oz Au price. 3. Mineral
Slide 30: Manh Choh Regional Exploration
MANH CHOH REGIONAL EXPLORATION: 675,000 acres Leased from Tetlin Tribe $5M exploration program focused on Mine-X, Near-Mine and Generative targets 2026 REGIONAL PLAN MANH CHOH 1km2
Slide 31: Lucky Shot – Willow Creek District Scale Opportunity
DEVELOPMENT Historic High-Grade Gold Mining District Initial Discoveries 1890’s 20+ Historic Mines and Prospects Relatively “unmined” since 1942 Mesothermal, shear hosted quartz +Au veins LUCKY SHOT Lucky Shot ore with visible gold Coleman LUCKY SHOT – WILLOW CREEK DISTRICT SCALE OPPORTUNITY 30
Slide 32: Johnson Tract Deposit Plan View
PLAN VIEW LOOKING NORTHWEST PROPOSED JT TUNNEL JT BLOCK MODEL JOHNSON TRACT DEPOSIT PROPOSED JT TUNNEL NORTH (G/T) JOHNSON TRACT 31 ATTRACTIVE ATTRIBUTES FOR UNDERGROUND MINING ROBUST GRADES AND 40m TRUE WIDTHS
Slide 33: Johnson Tract Exploration Upside – New Geophysical Targets
Ellis Zone discovery 4km NE of JT Deposit 578 g/t Au and 2,023 g/t Ag over 6.4 m JOHNSON TRACT EXPLORATION UPSIDE – NEW GEOPHYSICAL TARGETS 2023 geophysical survey defines 12km (7.5 mi) mineral trend Geophysics, geochemistry and geology define Distinct +10km long epithermal/VMS trend Two potential i
Slide 34: Kitsault Valley – Premier Mining District
KITSAULT VALLEY – PREMIER MINING DISTRICT 2 centers of gravity at Kitsault Valley: Gold-focused on northern tract Silver focused on silver tract District scale exploration opportunities Porter Idaho – Historic Mine Mountain Boy – Historic Mine PREMIERE MINING DISTRICT Richest 20km on the planet for
Slide 35: Accelerating Growth: Catalysts & Project Pipeline
2026 2027 2028 2029+ CASH FLOW FUNDED GROWTH ENGINE Catalyst Rich Portfolio of Advanced Exploration-Stage Assets Supported by Cash Flows from Manh Choh Production Accelerating Growth: Catalysts & Project Pipeline 40,000m drill program + baseline env. Advance PEA / IA + initiate permitting Target PEA
Slide 36: Highly Leveraged to Silver & Gold
Source: Company Materials, brokers’ estimates as of April 2026 HIGHLY LEVERAGED TO SILVER & GOLD