U.s. Goldmining Inc. · NASDAQ:USGO
U.s. Goldmining — Investor Presentation (September 2024)
26 slides from U.s. Goldmining's investor presentation, September 2024
Slide 1: Corporate Presentation
USGO: NASDAQ | US.GOLDMINING.US Corporate Presentation Rediscovering the Whistler Gold-Copper Project in Alaska September 2024
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF U.S. GoldMining INC. (THE “COMPANY” OR “US GoldMining”). No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed on the merits
Slide 3: Key Investment Highlights
Key Investment Highlights 1 Well positioned with a strong treasury to create value at the 100% owned Whistler project 2 Large undeveloped gold-copper deposit in North America with exploration upside 3 State led initiative to build the future access road, proposed 2025 construction start 4 Management
Slide 4: Experienced Leadership Team
Experienced Leadership Team Management & Directors - Experience of Majors, with Entrepreneurial Nimbleness Board and Management Tim Smith Alastair Still Amir Adnani David Garofalo CEO Chair Co-Chair, GoldMining Co-Chair, GoldMining Professional Geoscientist CEO of GoldMining Inc and Entrepreneur and
Slide 5: U.S. GoldMining at a Glance
U.S. GoldMining at a Glance Tight Share Structure and Funded for Growth Capital Markets Overview (US$M) Share Structure(1) Institutional Support – IPO Syndicate Issued & Outstanding 12.4M Warrants 1.7 M Options 0.2 M Fully Diluted 14.3 M Market Data(2) Shareholder Structure(1) Share Price (USGO: NAS
Slide 6: Rediscovering the Whistler Gold-Copper Project
Rediscovering the Whistler Gold-Copper Project Red Dog WHISTLER GOLD-COPPER PROJECT Alaska Yukon Three gold-rich porphyry deposits Livengood Fort Knox Eagle Pogo Combined 3.0 Moz AuEq Indicated + 6.4Moz AuEq Inferred* Coffee Casino Fully permitted for exploration, drilling commenced 2023 Donlin Anch
Slide 7: Investment Highlights
Investment Highlights Whistler is Primed for Rediscovery 3.0 Moz AuEq A significant sized and high-quality gold-copper project located INDICATED RESOURCE in Alaska, U.S.A. 6.4 Moz AuEq Undeveloped projects of this scale are increasingly scarce INFERRED RESOURCE District Scale Emerging West Susitna M
Slide 8: Whistler Project Mineral Resource Estimate
Whistler Project Mineral Resource Estimate Large Gold Inventory with Significant Copper Component Grade* Contained Metal* Million Classification Tonnes Gold Silver Copper AuEq Gold Silver Copper AuEq (Mt) g/t g/t % g/t Moz Moz Mlbs Moz Indicated 118.2 0.51 2.19 0.16 0.79 1.94 8.33 422.0 2.99 Inferre
Slide 9: Whistler Deposit
Whistler Deposit Sparsely Drilled, Robust High-Grade Core Whistler Deposit Cross Section Whistler Ridge looking east, 2022 USGO: NASDAQ | USGOLDMINING.US 9
Slide 10: Whistler Deposit High-Grade Core
Whistler Deposit High-Grade Core • Whistler deposit mineral resource block model at elevated $20/t cut-off (or equivalent to approximately 0.6g/t AuEq) . • The resource block model image highlights the size and continuity of the high-grade core of the Whistler deposit. • Solid blocks colored red and
Slide 11: Resource Sensitivity (43-101 & SK-1300)
Whistler Project Resource Sensitivity (43-101 & SK-1300) Whistler Project MRE at $10.50/t* Grade* Contained Metal* Million Classification Tonnes Gold Silver Copper AuEq Gold Silver Copper AuEq (Mt) g/t g/t % g/t Moz Moz Mlbs Moz Indicated 118.2 0.51 2.19 0.16 0.79 1.94 8.33 422.0 2.99 Whistler (≥1g/
Slide 12: 2024 Exploration Program
2024 Exploration Program Drilling program underway Round Exploration strategy to optimize growth potential & Mountain quality of existing resources Focus on flagship Whistler Deposit & Whistler Orbit Snow Korbel Ridge Whistler Orbit Dagwood 1. Wingspan Exploration - Extensions of existing deposits o
Slide 13: Whistler Deposit Geologic Model
Whistler Deposit Geologic Model Whistler Intrusive Suite The ‘WIS’ comprises a composite N of productive (mineralized) intrusive phases, cut by late- to post-mineral intrusive phases. Drilling to date has only constrained the WIS on the east Contact and west margins. Country Rock Productive diorite
Slide 14: Wingspan Expansion & Infill - Targets
Whistler Deposit Wingspan Expansion & Infill - Targets 3D analysis of the distribution of MRE pit shell Gap in deeper the previous drilling and current drilling to NE, north of mineral resource block model phreatic breccia N Continuity of that disrupts against the WIS geologic model, NNW-SSE high gr
Slide 15: Wingspan Expansion & Infill – 2023 Drillholes
Whistler Deposit Wingspan Expansion & Infill – 2023 Drillholes The first three drill holes - totaling MRE pit shell approx. 1,700 meters - probed the southern extents of the productive N porphyry system, aiming to: • Expand mineralization laterally and to depth. • Convert waste to mineralization wit
Slide 16: Wingspan Expansion & Infill – 2023 Drill Results
Whistler Deposit Wingspan Expansion & Infill – 2023 Drillholes 2023 Drill Results WH23-01: 241.05 meters at 0.60 g/t AuEq From 1.95 meters depth (0.33 g/t Au, 0.16% Cu and 1.86 N g/t Ag) 200 Confirmed mineralization to surface on south slope, tested southern contact with ‘Claw Dyke’ meters WH23-02:
Slide 17: Whistler – Raintree Orbit
Whistler – Raintree Orbit Porphyry Cluster New Portage Blister Whistler Orbit Whistler Au-Cu Porphyry System Raintree Raintree East Long Lake Hotfoot 2 Proven Porphyry Deposits Whisper & Multiple Targets Rainmaker South Island Mountain Au-Cu Porphyry System USGO: NASDAQ | USGOLDMINING.US 17
Slide 18: Location & Access
Location & Access Looking west Favorable Terrain for Development Access • 105 miles northwest of Alaska’s largest city of Anchorage o Short flight from Anchorage, Palmer or Willow to all-season airstrip o Winter Road access for heavy/large equipment access • Topography amenable for exploration & fut
Slide 19: Proposed Access Road
Proposed Access Road Direct Route from Whistler to Port Alaska State Initiative Port Mackenzie • State US$8.5M budget for West Susitna Access Road study, being conducted by AIDEA • Dept of Transport (DOT) plan to build first 15 miles & Susitna River bridge. • Proposed 2025 construction start* • DOT
Slide 20: Environment & Social Governance (ESG)
Environment & Social Governance (ESG) Building Social License to Operate – Continuous and Active Engagement U.S. GoldMining Inc is committed to meaningful and long-term benefits for all stakeholders See Inaugural Sustainability Factsheet: ww.usgoldmining.us/esg/overview/ We believe in creating share
Slide 21: U.S. GoldMining Inc. Summary
U.S. GoldMining Inc. Summary Strong Treasury to Fund Growth • Tightly held Share Structure & Supportive Major Corporate Shareholder • $20M raised April 2023 IPO • Experienced Management Team, Exploration and Development Track Record Resource Stage Gold-Copper Project in U.S.A. • 100% Owned State of
Slide 22: Appendix
Appendix • Whistler Project Mineral Resource Estimate • 2023 Drilling Cross Sections
Slide 23: Whistler Project Mineral Resource Estimate
Whistler Project Mineral Resource Estimate Notes: See Technical Reports titled “S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska” with an effective date of Sep 22, 2022, available under the Company’s profile at www.sec.gov; and the “NI 43-101 Minera
Slide 24: Cross Section WH23-01
Whistler Deposit WHISTLER PROJECT Cross Section WH23-01 ALASKA, U.S.A. Looking Northeast Map Coordinate System: WH23-01 Intercept ‘D’: NAD 1983 UTM Zone 05N 118 m at 0.74 g/t AuEq Comprised of: 0.44 g/t Au, 2.12 g/t Ag 0.18 % Cu Northwest WH23-01: Southeast • Extends mineralization to surface on sou
Slide 25: Cross Section WH23-02
Whistler Deposit WHISTLER PROJECT Cross Section WH23-02 ALASKA, U.S.A. Looking Northwest Map Coordinate System: NAD 1983 UTM Zone 05N Southwest WH23-02 Intercept ‘G’: 142.34 m at 0.51 g/t AuEq Northeast WH23-02: Comprised of: • Extends mineralization 0.17 g/t Au, 1.05 g/t Ag, approx. 100 meters 0.21
Slide 26: Cross Section WH23-03
Whistler Deposit WHISTLER PROJECT Cross Section WH23-03 ALASKA, U.S.A. Looking West-Northwest Map Coordinate System: NAD 1983 UTM Zone 05N WH23-02 Intercept ‘L’: 547.15 m at 1.06 g/t AuEq Comprised of: 0.0.77 g/t Au, WH23-03: South- North- 1.55 g/t Ag, • Infill hole which confirms Southwest 0.17 % C
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