Thunder Mountain Gold, Inc. · TSXV:THM
Thunder Mountain Gold — Shareholder Meeting (August 2017)
34 slides from Thunder Mountain Gold's shareholder meeting presentation, Aug 21, 2017
Slide 1: Thunder Mountain Gold, Inc. 2017 Annual Shareholder Meeting
Thunder Mountain Gold, Inc. 2017 Annual Shareholder Meeting
Slide 2: Thunder Mountain Gold, Inc. 2017 Annual Shareholder Meeting
Thunder Mountain Gold, Inc. 2017 Annual Shareholder Meeting Thunder Mountain Gold, Inc. U.S. -OTCQB: THMG Mm 11770 W. President Dr., Ste. F Canada — TSX-V: THM Boise, Idaho 83713
Slide 3: Thunder Mountain Gold Inc.
Thunder Mountain Gold Inc. Thunder Mountain Gold is a 80-year old U.S. — based publicly traded exploration company, and historic gold producer, focused on discovering and defining the best high-grade, high-quality precious and base metal resources in the western United States.
Slide 4: Thunder Mountain Gold Inc
Thunder Mountain Gold Inc Seasoned Board and Management - >150 years of mining experience Publicly traded in U.S.(THMG) and Canada (THM.V) 55 million shares issued and outstanding; 4.9 million options; No Warrants Market Cap - $5 million — Less than $0.20 per silver equivalent ounce at South Mountai
Slide 5: Board of Directors and Management
Board of Directors and Management O) Eric T. Jones — President and CEO, Director O) Jim Collord— Vice President and COO, Director O) Joseph Baird — Corporate Counsel, Director O) Paul Beckman — Independent Director * O) Doug Glaspey — Independent Director, Audit Committee Member O) Larry Kornze, B.S
Slide 6: South Mountain Laxey Adit
South Mountain Laxey Adit Williams Creek 7801’ Exploration Camp Drainage
Slide 7: South Mountain Project
South Mountain Project Located in southern Owyhee County, Idaho Approximately 70 air miles SW of Boise, Idaho and approximately 24 miles SE of Jordan Valley, Oregon Project is on private and patented land, and permitted : i 3 OVER MOUNTAIN 3 PROJECT THUNDER MOUNTAIN — RESOURCES: SOUTH MOUNTAIN PROJE
Slide 8: Property Details
Property Details QO) 17 patented claims equaling 326 acres QO) 21 unpatented claims equaling 290 acres 545 acres of private leased land 360 acres of private land adjacent to the mine property purchased in 2013 for mill and concentrate transfer facility Project is permitted for development (<< W\S xf
Slide 9: South Mountain District History
V & out IVieUNTaIn:DistrictiAistory | 3 %& 4 hates yl ~~, 3 14S Tce re a ef : 1868: Gold and Silver Quartz Veins Discovered 1874: South Mountain Consolidated Mining and Smelting 1875: Bullion City had 3,000 Residents 1930’s: Development of the Laxey and Sonneman Levels 1940’s: Anaconda Direct Ships
Slide 10: South Mountain Project
South Mountain Project 3-D Model 22 leapfrog
Slide 11: South Mountain Project Overview
South Mountain Project Overview High-grade polymetallic — historic underground mine zinc, silver, copper, gold, and lead carbonate hosted replacement — Gross Value of $600 per ton at current metal prices. The resource remains open at depth. 43-101 compliant resource (updated) with tremendous explora
Slide 12: South Mountain Project (Cont.)
South Mountain Project (Cont.) e Initial Metallurgical testing shows high recoveries by conventional differential floatation milling e Low estimated capital cost of $45 million to get into production. e Project carries a great deal of support from the locals and the State of Idaho
Slide 13: Long Section Through South Mountain Mine
Long Section Through South Mountain Mine Showing Levels and Ore Zones Surface Drilling: 4,777 Feet Underground Drilling: 10,237 Feet Underground Workings: 8,000 Feet Laxey Level Sonneman \ el #7 1-544 Level LO-7 Drill Intercept (RVCe Hole - 2010) DMEA 2 Drill Intercept (Core Hole - 2009) LO-6 Drill
Slide 14: South Mountain Mine Capital Expenditures by Owner
South Mountain Mine Capital Expenditures by Owner Capital Expenditures to Date: > November 2016 — THMG negotiated the $12M below into a NRR; Paid at 5% NPI on South Mountain; capped @ $5M; includes $500K in equipment. No money down. $5K / yr. mtce. >» Approximately $12M expended from August 2012 - P
Slide 15: South Mountain Project: Intrusive Breccia Au Target
South Mountain Project: Intrusive Breccia Au Target Intrusive Breccia Zone (5,000’x 1,500’): 0.49 ppm — 5.8 ppm Au Rock chips 1,000’x 800’ Orientation Soil Anomaly (0.31 ppm Au) i ow " alize? J Rs laxey marble \2 me ¢ ; xD xf al preferred skarn host B' ee mixed metaseds: schist, quartzite, carbonate
Slide 16: Rib Sample results on the DMEA
O Rib Sample results on the DMEA 2 - 90 feet of: O 21.9% Zine O 134.94 g/t Silver Q 4.17 g/t Gold O 0.38% Copper O 0.51% Lead ‘ =e [arom sa tm THUNDER MOUNTAIN GOLD
Slide 17: South Mountain Resource
Q 2012-2014 pre- development work confirms that the direct ship ore grades reported by Anaconda continue to trend into the DMEA zone Current internal mine/resource model is a base case; Tonnage and grade expected to increase substantially once the Texas zone is drilled and developed Thunder Mountain
Slide 18: South Mountain Mine Project Metrics
South Mountain Mine Project Metrics Anticipated Project Metrics after Feasibility Study: e 2M ton polymetallic resource potential (current modeling by third party Company), with potential for 500 tod startup to 1,000 tod underground mining operation with a associated mill e 150 direct Mining employe
Slide 19: South Mountain Mine Path Forward
South Mountain Mine Path Forward > Company has engaged Headwaters MB for Financial Consultant >» Complete Economic Analysis >» SRK Consulting » Additional Drilling » Additional Met Testing > Complete Mill Design, and >» Develop Detailed Mine Plan and Schedule >» 7 months to Complete Economic Analysi
Slide 20: South Mountain Mine Development Plan - SRK
South Mountain Mine Development Plan - SRK Pre — Construction Development ($5.0M) — Est. 7 - 12 Months to Complete Mine Construction & Development ($40.0 - $45.0M) Est. 18 $1.185M - Drift Rehabilitation Months to Complete 355,000 - Metallurgical testin $ a 2 Completion of mine & mill engineering $1.
Slide 21: Zinc: A Metal with Growing Demand
ZINC A METAL WITH GROWING DEMAND Demand is Exceeding Supply AND A LOOMING SUPPLY CRISIS China Zinc Demand 2014 Infrastructure 30% Galvanized Steel as % of Crude Production +21. million tonnes of zinc a China 6% D0 OL 02 GS 04 05 06 G7 OB O9 10 11 12 13 14 100% OF CARS PRODUCED IN NORTH AMERICA NEED
Slide 22: Zinc Supply Projected to Decline
Zinc Supply Projected to Decline and we are Facing a Looming Shortage WOO D MAC K E N Z | pearenites mine production GE possible mine life extensions base case production capacity Kt Zn 22000 17000 12000 7000 2000
Slide 23: Zinc Market Outlook
Zinc Market Outlook Zinc Supply/Demand Balance O Zinc was the best performing LME metal in 2016 and price outlook remains strong for 2013 2014-2015 _—-2016E_—-2017E_—2018E_—-2019E_— 2020 Supply "000 tonne: 13,018 13,498 13,896 15,873 14,393 14,980 15,404 15,493 foreseeable future DLA Sales 000 tonne
Slide 24: South Mountain Mine Support
South Mountain Mine Support daho Governor ~ Butch Otter studying an ore sample with Thunder Mountain __ Gold President/CEO Eric Jones
Slide 25: South Mountain Mine Support - Letter of Support
yuth Mountain Mine Support — Letter of Support State of Ida dune 22, 2015 ‘On behaif of the State of Idaho, | would like to extend my support for Thunder ‘Mountain Gold's South Mountain Mine Project. ‘Thunder Mountain Gold's long tradition of mining and environmental stewardship in Idaho is an asset
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Slide 29: Texas Shaft Collar
of Texas Shaft Colar
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Slide 31: Sonneman Portal
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Slide 32: Sonneman Portal
Sonneman Portal — 1
Slide 33: Sonneman Drift Rehab
onnemari Drift Rehab 3 r & i
Slide 34: Thank You
Thunder Mountain Gold — Shareholder Meeting (August 2017) on 6ix