Thesis Gold & Silver Inc. · TSXV:TAU
Thesis Gold & Silver — Thesis Gold — Investor Presentation (July 2025)
18 slides from Thesis Gold & Silver's investor presentation, July 2025
Slide 1: Advancing Lawyers-Ranch One of North America's Premier Gold-Silver Projects
CORPORATE PRESENTATION JULY 2025 TSX-V TAU OTCQX THSGF FSE A3EP87 Advancing Lawyers-Ranch One of North America’s Premier Gold-Silver Projects
Slide 2: Disclaimer and Cautionary Notes
DISCLAIMER AND CAUTIONARY NOTES FORWARD-LOOKING STATEMENTS This presentation under no circumstances is to be construed to be an offering of uncertainties include, but are not limited to the following:; the future PFS not having the Economic Assessment Lawyers-Ranch Project and Property, Stikine Terr
Slide 3: Lawyers-Ranch Project Highlights
LAWYERS-RANCH PROJECT HIGHLIGHTS CANADA Recognized Mining Jurisdiction N District Scale (495 km2) Land Position in the Toodoggone Mining District of BC BC Road Accessible and <5 km from the Sturdee Airstrip Close to powerline tie-ins and the TECK Schaft Creek nearby Kemess Copper Gold Mine NEWMONT T
Slide 4: Excellent Access to Infrastructure and Power
EXCELLENT ACCESS TO INFRASTRUCTURE AND POWER Road from Prince George provides year-round access N BRITISH COLUMBIA Sturdee Airstrip provides flight access from regional Thesis Gold airports at Terrace, Smithers, Lawyers-Ranch RANCH Mackenzie and Prince George Smithers Terrace Only 45km NW of tie in
Slide 5: Corporate Structure
CORPORATE STRUCTURE Capital Structure Unencumbered Analyst Coverage Common Shares Outstanding 255,785,268 Cormark Securities Inc. Stock Options Outstanding 13,051,796 No debt Hannam & Partners Haywood Capital Markets Warrants Outstanding1 2,991,629 No streaming Raymond James Fully Diluted Shares 271
Slide 6: Strong Support
STRONG SUPPORT Strong Institutional Support Strategic Investment Equinox Partners Investment Management1 Strategic investment by Centerra Gold2 for 9.9% Franklin Advisers Inc. Merk Investments LLC. ownership interest Waratah $24.2 M dollars invested Ixios Asset Management SA Centerra Gold owns the G
Slide 7: Global Resource Estimate
GLOBAL RESOURCE ESTIMATE1 AuEq Mineral Mineral Resource Cutoff Classification Tonnes Au Ag Cu AuEq Au Ag Cu AuEq Resource Growth Area AuEq (g/t) (k) (g/t) (g/t) (%) (g/t) (koz) (Moz) (kt) (koz) 6 Total Mineral Resource Estimate Measured 35,987 1.1 38.5 0 1.58 1,268 44.5 0 1,825 5 Indicated 46,023 1.
Slide 8: 2024 PEA Summary
2024 PEA SUMMARY1 PEA Highlights1 Lawyers-Ranch PEA Annual Payable AuEq 2024 2024 Gold USD/oz 1,930.0 Silver USD/oz 24.0 350.0 Pre-Tax NPV (5%) C$M 1,991.0 Pre-Tax IRR % 46.0 300.0 Pre-Tax Payback Period Years 1.6 250.0 After-Tax NPV (5%) C$M 1,277 AuEq koz Payable After-Tax IRR % 35.2 200.0 After-T
Slide 9: Lawyers-Ranch 2024 PEA Overview
LAWYERS-RANCH 2024 PEA1 OVERVIEW 14.1-Year LOM Road to Ranch Project at an average head- Proposed Mill grade of 1.61 g/t AuEq AGB Waste Rock RANCH PROJECT US $1,013 / AuEq oz LOM AISC Cliff Creek (net of byproducts) LAWYERS PROJECT STURDEE AIRSTRIP 215,000 oz AuEq Avg. Annual Production 3 Moz AuEq T
Slide 10: Lawyers-Ranch - Path to Production
LAWYERS-RANCH - PATH TO PRODUCTION 2018 Lawyers Project acquired: beginning of modern exploration and early 2019 infrastructure upgrades Initiation of environmental, metallurgical, and engineering studies at Lawyers 2021 First Nation 2021 2022 agreements and Initiation of Lawyers MRE committees meta
Slide 11: Project Development
PROJECT DEVELOPMENT Engineering Investigations 2024 2025 Environmental Baseline Studies Year 1 Year 2 PEA PFS Aquatics Geotechnical/Hydrogeological - Mining Lawyers Site-Wide Hydrogeological (Monitoring Wells) ** Lawyers OP Terrestrial ** Lawyers UG Aquatics 95% Complete Ranch OP Ranch Site-Wide Hyd
Slide 12: Ranch Deposit Resource
RANCH DEPOSIT RESOURCE1 Mineral Resource Cutoff Tonnes Au Ag Cu AuEq Au Ag Cu AuEq Area AuEq (g/t) Classification (k) (g/t) (g/t) (%) (g/t) (koz) (Moz) (kt) (koz) RANCH PROJECT Pit-Constrained Mineral Resource Estimate Indicated 4,259 2.01 9.5 0.06 2.21 275 1.3 3 303 Ranch 0.4 Inferred 5,207 1.79 5.
Slide 13: The Toodoggone - District Exploration Upside
THE TOODOGGONE - DISTRICT EXPLORATION UPSIDE Recent discoveries reinforce the potential for the Toodoggone District to emerge as a premier fertile porphyry epithermal camp. The genetic link between epithermal mineralization, hydrothermal alteration, and nearby porphyry systems is well established Th
Slide 14: Why Invest?
WHY INVEST? Recognized Mining Road Accessible and <5 Total Mineral Resource1 2024 PEA1 Signed Agreements Jurisdiction km from the Sturdee of 4.0 Moz AuEq (M&I) at Indicates Strong Project with, and Support from District Scale (495 km2) Airstrip 1.51 g/t AuEq and 727 koz Economics one of the top Loca
Slide 15: Leadership Overview
LEADERSHIP OVERVIEW Management Dr. Ewan Webster Ph.D Geology Sean Mager CEO, Director & President CFO Registered Geoscientist in BC. +10 years of experience in +25 years mining sector, former CFO & COO at Brilliant the mining sector, focusing on exploration and business Resources Ltd., regulatory &
Slide 16: Leadership Overview
LEADERSHIP OVERVIEW Board of Directors Bill Lytle Jody Shimkus Chair Director, Chair of the Corporate Governance Registered engineer (Colorado, USA) with +25 years in the mining Committee industry. Currently, B2Gold Corp.’s Senior VP and COO. BSc in +30 years of private and public sector experience
Slide 17: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE Together we established exploration, engagement and Together we initiated baseline environmental communications agreements with our partner Nations studies as part of permitting Thesis is providing employment, Wildlife monitoring and training and contracting opport
Slide 18: Contact
TSX-V TAU OTCQX THSGF FSE A3EP87 VANCOUVER OFFICE EWAN WEBSTER KETTINA CORDERO 1075 West Georgia Street, Suite 1050 President, CEO & Director Vice President Investor Relations Vancouver, BC, Canada V6E 3C9 ewanw@thesisgold.com info@thesisgold.com +1 672-910-0026 thesisgold.com