Contango Silver & Gold Inc. · AMEX:CTGO
Contango Silver & Gold — Contango ORE — Shareholder Meeting (December 2020)
29 slides from Contango Silver & Gold's shareholder meeting presentation, Dec 17, 2020
Slide 1: AGM Presentation December 11, 2020
AGM PRESENTATION DECEMBER 11, 2020
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation contains forward-looking statements regarding CORE that are intended to be covered by the safe harbor "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995, based on CORE’s current expectations and includes statement
Slide 3: Non-GAAP Measures and Cautionary Note on Resources
NON-GAAP MEASURES The Preliminary Economic Assessment (“PEA”) referenced herein was prepared in accordance with Canadian National Instrument 43-101 (NI 43-101). CORE is not subject to regulation by Canadian regulatory authorities and no Canadian regulatory authority has reviewed the PEA or passed up
Slide 4: Peak Gold Deposit
Peak Gold Deposit1.3 Moz Gold – Measured plus Indicated ResourcesAverage grade = 4g/tLocated in Alaska on the Alaska HwyOn Private Land Owned by the Tetlin Alaska Native TribeBusiness Partnership with Kinross to Fast-Track Development by Using Fort Knox Milling Facilities
Slide 5: Near-Term Production Potential & Excellent Exploration Upside
NEAR-TERM PRODUCTION POTENTIAL & EXCELLENT EXPLORATION UPSIDE Entered into 70/30 JV agreement with Kinross to form new Peak Gold JV; Royal Gold retains royalty;Plan is to mine Peak Gold ore, then truck and process at Kinross’ Fort Knox Milling Complex - Simple plan and simple execution to produce 1M
Slide 6: Management and Kinross Quotes on Transaction
6 “This is a momentous transaction for the Company and all project stakeholders. Our stockholders will now see a clear and accelerated path to production at Peak Gold with Kinross. We look forward to working with Kinross and the Tetlin Tribe to develop Alaska’s next gold mine. Meanwhile, we have a g
Slide 7: Officers & Directors
OFFICERS & DIRECTORS OFFICERSRick Van Nieuwenhuyse – President and CEO Leah Gaines – CFODIRECTORSBrad Juneau (Executive Chairman)Joseph S. CompofeliceJoseph G. GreenbergRichard A. ShortzRick Van Nieuwenhuyse 7 Successful track record of finding real deposits and creating real wealth for shareholders
Slide 8: Corporate Overview
CORPORATE OVERVIEW Traded on OTC-Pink Sheets (OTCQB) – Pursuing listing on NYSE American5.9 Million Shares Outstanding6.0 Million Shares Fully Diluted100,000 OptionsNo Warrants and No Debt~ $US35 Million Cash Contango Owns 30% of Peak JV; Kinross Owns 70% and is OperatorContango Owns 100% on adjacen
Slide 9: Peak Gold Deposit Estimated Production
PEAK GOLD DEPOSIT ESTIMATED PRODUCTION 9 1 Based on Kinross Gold study on the Peak Gold Joint Venture; Non-GAAP financial measure; see Appendix for disclaimers regarding reconciliation.Production profile is approximate and for illustrative purposes only to show future potential cash flows for Contan
Slide 10: Peak Gold Estimated Cash Flow & CFPS
PEAK GOLD ESTIMATED CASH FLOW & CFPS (US$) 10 1 Based on Kinross Gold study on the Peak Gold Joint Venture; Production profile is approximate and will be updated in the feasibility study to be completed by 20222 Based on 6.1M Fully Diluted Shares OutstandingProduction profile over 5-year period is a
Slide 11: Peak Gold Project Economics
PEAK GOLD PROJECT ECONOMICS Using existing infrastructure, the Peak Gold JV expects faster permitting to allow for a 2024 start dateExisting infrastructure expected to lower total capital requirements to ~US$110 millionKinross estimates 1 million oz gold equivalent production over a 4.5-year period
Slide 12: Peak Gold Project Location
The project is located 15 kms (10mi) from the Alaska Hwy and 400km (250 mi) to the Fort Knox Milling Complex 12 PEAK GOLDPROJECT LOCATION PEAK DEPOSIT Image used with permission from Kinross
Slide 13: Asset Summary
ASSET SUMMARY 13 Peak Gold Project(675,000 Acres) State Claims(170,000 Acres) Contango is a 30% owner of the Peak Gold JV with Kinross owning the remaining 70% and acting as project operatorThe Peak Gold project consists of a ~675,000 acres land packageOre will be trucked from the Peak Gold project
Slide 14: Peak Gold JV Project Highlights
PEAK GOLD JV 14 Processing ore from the Peak Gold Project at Fort Knox avoids mill construction and is expected to decrease execution risk, lower capital expenditures, drive attractive returns, and reduce the project’s environmental footprint and permitting requirements.Leverages Fort Knox’s success
Slide 15: Peak Gold Deposit – M&I Resources
15 PEAK GOLD DEPOSIT – M&I RESOURCES 9.2 M Tonnes @ 4.1 g/t Gold for 1.2 Million Ounces of Contained Gold
Slide 16: Peak Gold JV Project Highlights Cont.
PEAK GOLD JV 16 PROJECT HIGHLIGHTS CONT Peak Gold JV has commenced a $3.6 million infill, geotechnical and metallurgical drilling program to advance feasibility and permitting studies. Initial permitting activities are expected to commence in parallel with the drilling program. Peak Gold JV expects
Slide 17: Peak Gold Project and Surrounding Targets
17 PEAK GOLD PROJECT AND SURROUNDING TARGETS
Slide 18: Peak Gold Project and Surrounding Targets
18 PEAK GOLD PROJECT AND SURROUNDING TARGETS Main Peak North Peak
Slide 19: Exploration Upside
19 EXPLORATION UPSIDE 675,000 Acres of Exploration Lands with multiple targetsPeak Gold’s exploration on the Tetlin Lands has been limited except for the areas around the identified deposits where there is an extensive database. Specifically, there has only been minor exploration on the southern 2/3
Slide 20: Triple Z Prospect: Multi-element Geochemistry, MAG Low and Resistivity High
20 Triple Z Prospect: Coincident Multi-element Geochemistry MAG Low and Resistivity High Triple Z Prospect
Slide 21: Triple Z Prospect: Geochemistry, 3D IP Chargeability, Resistivity and Drilling
21 Triple Z Prospect: Coincident Multi-element Geochemistry and 3D IP Chargeability + Resistivity + Drilling Triple Z Prospect
Slide 22: Hona Prospect
22 Hona Prospect Hona Prospect – Multiple, Coincident Mag-VTEM with Geochemistry and Favorable Porphyry/IRG Geology
Slide 23: Dome and Eagle Prospects
23 Dome and Eagle Prospects Strong Multiple-Element Geochemistry on Dome and Eagle Target Areas Dome Prospect
Slide 24: Lower Risk & Reduced Timeline to Production Decision
24 LOWER RISK & REDUCED TIMELINE TO PRODUCTION DECISION DRILLING COMMUNITY ENGAGEMENT PERMITTING & FEASIBILITY PRODUCTION CONSTRUCTION Infill, geotechnical and metallurgical drilling program in 2020;Exploration drilling to potentially expand the mine life Tetlin Tribe has indicated their support for
Slide 25: Executive Summary
EXECUTIVE SUMMARY Contango ORE, Inc. is a gold development and exploration company with the goal to develop Alaska’s next producing gold mine The Company is the 30% owner of the Peak Gold JV with Kinross Gold Corporation (“Kinross”) as Operator and owning 70% of the projectThe Peak Gold deposit is a
Slide 26: Investment Opportunity: Why Invest Now?
26 Partnered with Proven OperatorPlan to truck ore to Fort Knox mill simplifies permitting and executionKinross has proven operating experience in Alaska further reducing riskThe plan lowers the required capital and shortens timelines to production by leveraging existing infrastructureHigh grade ope
Slide 27: Thank You
27 THANK YOU
Slide 28: Corporate Inquiries
Corporate Inquires:info@contangoore.com+1-778-386-6227www.contangoore.com OTCQB:CTGO Twitter: @orecontangoLinkedIn: Contango OREInstagram: ContangoOREFacebook: Contango ORE
Slide 29: Non-GAAP Disclosure on AISC, Resources and EBITDA
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA, which are a financial measures not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimated AISC, resou