Gold Standard Ventures — Technical Presentation (February 2022)
23 slides from Gold Standard Ventures's technical presentation, Feb 24, 2022
Slide 1: High Return, Quick Payback Gold Project: South Railroad Project Feasibility Study
TSX : GSV NYSE American : GSV HIGH RETURN, QUICK PAYBACK GOLD PROJECT South Railroad Project Feasibility Study Presentation February 24, 2022 1
Slide 2: Cautionary Note
Cautionary Note This presentation is provided for general information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor does it represent an intention to induce any person to make an investment or to assist any person in the making of
Slide 3: GSV and Feasibility Study Team
GSV and Feasibility Study Team Jason Attew Larry Radford Mark Laffoon CEO COO Project Director Jordan Neeser Michael McDonald Richard Yancey Jeff Fuerstenau Glenn King CFO VP, Corp Dev & IR Geology Manager Process Manager Environmental Manager Lead Engineer M3 Engineering Heap Leach Pad Design Newfi
Slide 4: Robust Feasibility Study Results
Robust Feasibility Study Results Low Capital Intensity, Industry Leading Returns IRR of 44%, NPV (5%) of $315M, 1.9 year payback at Base Case Gold Price ($1,650 per ounce) IRR of 62%, NPV (5%) of $487M, 1.6 year payback at Spot Gold Price ($1,899 per ounce as of Feb 18, 2022) Base Case improvement o
Slide 5: Feasibility Study Summary
Feasibility Study Summary AISC of Initial Capex: 10.5 year 1,031 koz LOM $1,021 /oz $190M Operating Life at an average Gold Production head grade of 0.77 g Au/t over LOM Average Annual FCF (excluding initial capital) After-Tax After-Tax Payback NPV (5%) IRR Period LOM First 4 Years $1,650/oz Au $315
Slide 6: Changes from 2020 Pre-Feasibility Study
Changes from 2020 Pre-Feasibility Study 2020 Pre-Feasibility Study 2022 Feasibility Study $133M $190M No Water Treatment Plant Water Treatment Plant Included Initial Capital No Waste Dump Infrastructure Waste Dump Infrastructure Included Heap Leach Pad + Process Plant @ $26M Heap Leach Pad + Process
Slide 7: Gold Production Profile
Gold Production Profile 250 Predominantly Dark Star Predominantly Pinion 197 200 191 Mine Life Extension Opportunities = FS Gold Production 1. Pinion SB Zone 2. POD / Sweet Hollow = Mine Life Extension Opportunities 3. LT Gold Production (koz) 4. ‘Another Dark Star’ 150 138 106 103 100 95 82 80 50 2
Slide 8: Capital Costs
Capital Costs Initial Capital Sustaining Capital LOM Capital Infrastructure Site General $6 - $6 Water Management $15 $17 $32 Waste Dumps $4 $8 $12 ADR Building & Ancillaries $15 - $15 Water Treatment Plant & Systems $6 $4 $11 Power Generation & Distribution (1) $18 - $18 Processing Heap Leach Pad $
Slide 9: Operating Costs
Operating Costs Unit Amount Metrics Tonnes Mined (including pre-stripping) kt 332,378 Tonnes Processed kt 65,199 Payable Ounces Produced koz Au 1,030 Unit Costs Mining (including pre-stripping) $ / tonne mined $1.92 Processing & Water Treatment $ / tonne processed $2.26 G&A $ / tonne processed $0.58
Slide 10: SRP Oxide Project Opportunities
SRP Oxide Pinion SB Zone Potential to further extend Pinion pit to the south, beyond Feasibility Study pit size Project Opportunities Toll Processing ~32koz Au was assumed to be toll processed in Pre-Feasibility Study (1) Material is mined in Feasibility Study but not toll processed Rapid Infiltrati
Slide 11: Site Layout Overhead Map
Site Layout Overhead Map \ } 2 oy, / yA ia q SRS 1 aN \( Se women |// J AK § hess — vas rent ee A J y (P M7 i t z EE a 2. T\ cA NON | [Pe of 1/7 A a=. Ly, i! i . i Cy : a 0 H SBOP «corel \ ey, Wie ee) SR AN ha 8 yy \ : : Sie Wel : = INS ig j , ome! all { Ape AVS ae) WAU SIN NE ioe fs fi] Say = Bey <
Slide 12: Site Layout 3D Map
Site Layout 3D Map Pinion Waste _ Pinion degfnee! ee Dump Phase-1 Phase wa a y te —— = Y a - os) ay Support Facilities Pinion Phase 2-3 Dark Star Phase-2 Pinion Dark Star West Dark Star East Phase 4-5 Waste Dump Waste Dump
Slide 13: Building Facilities 3D View
Building Facilities 3D View 13
Slide 14: Heap Leach Flow Sheet
Heap Leach Flow Sheet HEAP LEACHING ___ REFINERY -=frt- +. (i Se salrion SSIUGeldStanderd ‘SOUTH RAILROAD PROJECT FS. GENERAL certo ne FLOW SHEET 00 SIMPLIFIED OVERALL PROCESS [:9e""F S000 ic
Slide 15: Nevada Permitting Process
Nevada Permitting Process Current Baseline / Technical Studies Plan of Operations Public Scoping Period & Draft EIS Development Final EIS Development Complete Meetings Q1 2021 Q4 2020 Record of Decision Est. Q1 2023 Submit Plan of Hire 3rd Party Public Draft EIS, Operations NEPA Contractor, Comment
Slide 16: Railroad-Pinion Mineral Reserves
Tonnes Gold Silver Gold Silver ‘000 g Au/t g Ag/t koz koz Railroad- Proven Mineral Dark Star 6,911 1.27 283 Reserves Pinion Pinion 2,049 0.76 6.63 50 437 Total 8,960 1.15 333 437 Mineral Reserves Dark Star 22,247 0.78 557 Probable Mineral Reserves Pinion 33,992 0.65 5.21 714 5,699 Total 56,239 0.70
Slide 17: Railroad-Pinion M&I Mineral Resources
Tonnes Gold Silver Gold Silver ‘000 g Au/t g Ag/t koz koz Railroad- Measured Dark Star 7,225 1.24 288 Pinion M&I Mineral Resources Pinion 2,336 0.73 6.50 55 488 Total 9,561 1.12 343 488 Mineral Resources Indicated Mineral Dark Star 24,567 0.79 625 Resources Pinion 41,193 0.62 5.00 816 6,617 Total 65
Slide 18: Railroad-Pinion Inferred Mineral Resources
Railroad- Tonnes ‘000 Gold g Au/t Silver g Ag/t Gold koz Silver koz Pinion Inferred Inferred Mineral Dark Star 1,176 0.51 19 Mineral Resources Pinion 1,178 0.40 2.43 15 92 Resources Jasperoid Wash 11,939 0.34 130 POD / Sweet Hollow 4,654 0.95 142 North Bullion – Open Pit 2,849 3.75 344 North Bullion
Slide 19: 2022 GSV Priorities
Construction Financing Process Led by Cutfield Freeman, kicking off this quarter 2022 GSV Targeting 75% of total construction capital as non-equity Priorities 2022 Exploration Program 1st Stage: oxide drilling at Pinion SB Zone, sulphide drilling at Ranch and North Bullion Depending results of 1st S
Slide 20: TSX: GSV NYSE American: GSV
TSX : GSV NYSE American : GSV 20
Slide 21: Notes to Mineral Reserves Table
Notes to Mineral Reserves Table ▪ All estimates of Mineral Reserves have been prepared in accordance with National Instrument 43 - 101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). ▪ Jordan M. Anderson, Mine Development Associates, a division of RESPEC, of Reno, Nevada, is a Qualifie
Slide 22: Notes to Mineral Resources Tables
Notes to Mineral Resources Tables ▪ All estimates of Mineral Resources have been prepared in accordance with National Instrument 43 - 101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. ▪ Michae
Slide 23: NI 43-101 Technical Report & Qualified Persons
NI 43-101 Technical Report & Qualified Persons NI 43-101 Technical Report The Feasibility Study Technical Report will be prepared by M3 Engineering & Technology Corporation (“M3”) and filed on SEDAR within 45 days following the date of this presentation. Matthew Sletten, PE, Project Manager of M3 an
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