Slide 1: September 2022 Corporate Update and Plans for 2022
September 2022 Corporate Update and Plans for 2022 Exhibit 99.1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The Feasibility Study (“FS”) referenced herein that relates to Peak Gold, LLC (“Peak Gold”), was prepared by Kinross Gold Corporation (“Kinross”), which controls the Manager of Peak Gold and holds 70% of its outstanding membership interests, in accordance with Canadian Nati
Slide 3: Cautionary Note Regarding Estimates of Measured, Indicated and Inferred Resources
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 upon its accuracy or
Slide 4: Developing Alaska's Next Gold Mines
Developing Alaska’s Next Gold Mines Manh Choh – Development Stage Project under construction in partnership with Kinross (70%) and the Alaska Native Tetlin Tribe (Royalty) 100% Owned Lucky Shot Mine – Exploring historic high-grade gold mine Three Early-Stage Exploration Projects: Shamrock Eagle-Hona
Slide 5: Manh Choh Gold Deposit
Manh Choh Gold Deposit 1.3 Million ounce gold Measured plus Indicated Resources1 Average grade = 4g/t Gold1 Located in Alaska on the Alaska Hwy On Private Land Owned by the Tetlin Alaska Native Tribe Business Partnership with Kinross – Paid $93 Million for 70% interest Using the Fort Knox Milling Fa
Slide 6: Near-Term Production Potential & Exploration Upside
NEAR-TERM PRODUCTION POTENTIAL & EXPLORATION UPSIDE 6 MANH CHOH GOLD PROJECT NYSE-A:CTGO September 2020 entered into JV agreement between Contango (30%) and Kinross (70% and Operator) to form new Peak Gold LLC, with Royal Gold and Tetlin Tribe retaining royalty interests; Plan is to mine Manh Choh G
Slide 7: Manh Choh Gold Project: Anticipated Economics
MANH CHOH GOLD PROJECT: Anticipated Economics Using existing infrastructure at Fort Knox, Peak Gold LLC is planning on a 2024 start date Kinross estimates 914,000 GEO production over a 4.5-years equating to roughly 225,000 GEO per annum (30% to Contango Ore = 67,500 GEO/Yr)1 Using elevated cut-off g
Slide 8: Manh Choh Gold Project Location
The project is located 29 km (18 mi) from the Alaska Hwy and 400 km (240 mi) to the Fort Knox Milling Complex 8 MANH CHOH GOLD PROJECT LOCATION MANH CHOH DEPOSIT Image used with permission from Kinross Manh Choh
Slide 9: Peak Gold JV Project Highlights
PEAK GOLD JV 9 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 10: Manh Choh Update: Construction Underway
10 Manh Choh Update Construction underway
Slide 11: Benefits to Alaska Residents and Businesses with Smaller Environmental Footprint
11 MANH CHOH GOLD PROJECT Benefits to Alaska Residents and Businesses with smaller Environmental Footprint McKinley Research confirms jobs, economic boost to Tok, road and infrastructure enhancements, and taxes: • 250 to 300 new Construction jobs • 400 to 600 direct Mine and Trucking jobs plus indir
Slide 12: Lower Risk & Reduced Timeline to Production Decision
12 LOWER RISK & REDUCED TIMELINE TO PRODUCTION DECISION DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PRODUCTION DETAILED DESIGN PROCURMENT CONSTRUCTION $19 million Program in 2021: Resource In-fill, Hydrology, Geotechnical, Metallurgical Engineering; Environment and Community Outreach With ~$2 mi
Slide 13: Peak Gold LLC Exploration Highlights
PEAK GOLD LLC 13 Exploration Highlights Completed ~$3.0 million exploration program Q4 2020 primarily directed at metallurgical and geotechnical drilling, and on-going environmental studies to advance feasibility and permitting Completed ~$3 million in 2021 exploration program and conducted resource
Slide 14: Manh Choh Gold Project and Surrounding Targets
14 MANH CHOH GOLD PROJECT AND SURROUNDING TARGETS Main MC North MC $3 Million Exploration Program Planned for 2022 Exploration for New Resources in Chief Danny Area – 4000 meters (13,000 ft) in 15 to 20 holes Further evaluation of 685,000 acre Manh Choh property Additional regional stream sediment s
Slide 15: Asset Summary
ASSET SUMMARY 15 Peak Gold Project ~(675,000 Acres) State Claims (~160,000 Acres) The Manh Choh project consists of a ~685,000 acres land package including ~13,423 acres of State Mining Claims Roughly the size of Rhode Island Contango is also the 100% owner of the Alaska state claims exploration l
Slide 16: Reference
16 1 Hart, C.J.R., 2005. Mid-Cretaceous Magmatic Evolution and Intrusion-related Metallogeny of the Tintina Gold Province, Yukon and Alaska. Unpublished PhD thesis, University of Western Australia, 198 p. 1
Slide 17: Lucky Shot Portal Circa 1930
Lucky Shot Portal Circa 1930 17
Slide 18: Lucky Shot Portal Circa 1930
Lucky Shot Portal Circa 1930 18
Slide 19: Lucky Shot Property Historic Resources
Lucky Shot Property Historic Resources1 Historic M&I Reserve on Adjacent Coleman Segment of LS Vein: 206k Tonnes @ 18.3 g/t Gold for 121,500 Ounces of Contained Gold2 1 The historical production information presented is based upon reports file by the US Geological Survey from information provided by
Slide 20: Lucky Shot Vein
Lucky Shot Vein: +1 mile (1.6 km) strike length and open along strike and down dip 20 Coleman Adit Lucky Shot “500” Adit War Baby Adit Looking NNE
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Slide 24: Lucky Shot Update - Safety First Approach
Lucky Shot Update - Safety First Approach 24
Slide 25: Safety Reporting for Contango
Safety Reporting for Contango Safety – Keeping Us Healthy & Safe by getting to the root of the problem 25 Safety Satistics Reporting 2022 May Employees Contractors Site LTI 0 0 0 First Aid 0 0 0 Restricted Work 0 0 0 Near Miss 0 0 0 Equipment Damage 0 0 0 NOTES: Safety Satistics Reporting 2022 April
Slide 26: Contango Exploration Plan for Lucky Shot Project
Contango Exploration Plan for Lucky Shot Project Rehab and extend existing Enserch tunnel to explore the Lucky Shot vein down-dip - prep for exploration drilling in three stages: Stage 1a Drift 500 meters along footwall and parallel to vein for detailed in-fill drilling; Stage 1b Continue Enserch tu
Slide 27: Lucky Shot – Enserch Tunnel Location of Pilot Holes
27 Lucky Shot – Enserch Tunnel Location of Pilot Holes Exploration drill located here Started exploration/pilot hole Plan is to drill ten (10) holes in a fan pattern Holes are 600 to 1100 feet in length Extend tunnel to intersect the vein and bulk sample Tunnel is currently at ~2405ft Western Crossc
Slide 28: Lucky Shot – Pilot Hole Drill Holes
28 Lucky Shot – Pilot Hole Drill Holes Plan is to drill ten (10) holes in a fan pattern 6 holes completed to date from Western and Eastern Ballrooms All 6 holes intersecting the Lucky Shot Vein 3 contained Visible Gold (VG) ASSAYS PENDING! Complete 5 holes from Eastern Ballroom Extend tunnel to inte
Slide 29: Lucky Shot Vein
Lucky Shot vein Sue 150200 |Btev (2)
Slide 30: Developing Alaska's Next Gold Mines in Partnership with Kinross
30 Partnered with Proven Operator Plan to truck ore to Fort Knox mill simplifies permitting and execution Kinross has proven operating experience in Alaska further reducing risk The plan lowers the required capital and shortens timelines to production by leveraging existing infrastructure High grade
Slide 31: Thank You
= CONTANGO 022 THANKYOU
Slide 32: Slide 32
Slide 33: Lucky Shot – Underground Development to Support 2022 Exploration Program
Lucky Shot – Underground Development to support 2022 Exploration Program and Year-Round Operations 33
Slide 34: Lucky Shot – Enserch Tunnel Refurbishment & Extension Plan
Lucky Shot – Enserch Tunnel Refurbishment & Extension Plan with New Mining Equipment 34
Slide 35: Lucky Shot – Currently Advancing Towards Drift in Footwall
35 Lucky Shot – Currently Advancing Towards Drift Parallel and in Footwall to Lucky Shot Vein – Exploration Drilling to Start in June
Slide 36: Lucky Shot – Underground Exploration Drill Rig
36 Lucky Shot – Underground Exploration Drill Rig
Slide 37: Lucky Shot – Underground Exploration Drill Rig
Lucky Shot – Underground Exploration Drill Rig 37
Slide 38: Corporate Inquiries
Corporate Inquires:info@contangoore.com+1-778-386-6227www.contangoore.com NYSE American: CTGO Twitter: @orecontangoLinkedIn: Contango OREInstagram: ContangoOREFacebook: Contango ORE
Slide 39: Non-GAAP Forward Looking Estimates Notice
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA, which are a financial measure not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimated AISC, resour