I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (February 2025)
24 slides from I-80 Gold's investor presentation, February 2025
Slide 1: Made in the U.S.A.: Creating a Nevada-Based, Mid-Tier Gold Producer
MADE IN THE U.S.A. C R E AT I N G A N E V A D A - B A S E D , M I D -T I E R G O L D P RO D U C E R NYSE:IAUX | TSX:IAU February 2025
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CautionaryStatementRegarding Forward-LookingInformation DISCLAIMER Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements or information regarding: low
Slide 3: Opportunity in One of the World's Premier Mining Jurisdictions
OPPORTUNITY IN ONE OF THE WORLD’S PREMIER MINING JURISDICTIONS 100% Nevada-based Asset Portfolio i-80 Gold Regional Asset Map • Access to infrastructure and skilled labor force • One producing mine and four development assets within a 150 km radius: • 3 underground projects (one operating) • 2 open-
Slide 4: A New Strategy for a Stronger Tomorrow
A NEW STRATEGY FOR A STRONGER TOMORROW TWO AREAS OF FOCUS NEW DEVELOPMENT PLAN RECAPITALIZATION • Progress five gold projects which are expected to have • Two-phase recapitalization process to restructure low capital intensity and a clear path to cash flow balance sheet to execute on new development
Slide 5: Roadmap to 500Koz Producer
ROADMAP TO 500Koz PRODUCER Advance Three Underground Projects (One Already Producing) + Move Two Open Pit Projects Through Permitting Into Production Stages of Development Catalyst-rich Q1 2025 Latest & Upcoming 2025 2026 2027 2028 2029 2030 2031 2032 Economic Studies Granite Creek Q1 2025 – PEA (up
Slide 6: High-Quality High-Potential Assets
LOW JURISDICTION RISK LOW INITIAL CAPITAL RISK All assets located within Nevada, a Tier-1 jurisdiction 4 assets are restarts HIGH-QUALITY HIGH-POTENTIAL ASSETS LOW CONCENTRATION RISK LOW TECHNICAL RISK 5 assets; multiple production headings 5 brownfield assets See Disclaimer for Notes, Forward-Looki
Slide 7: Granite Creek: Underground and Open Pit Resources
UNDERGROUND AND OPEN PIT RESOURCES GRANITE CREEK Mineral Resources – Granite Creek Underground(7) OVERVIEW Category Tonnage Au Grade Gold Location: (kt) (g/t) (koz) • ~10km South of NGM’s Turquoise Ridge Measured & Indicated 1,008 10.40 337 Mine (25+ Moz Au discovered to date) Inferred 741 13.41 319
Slide 8: Granite Creek Underground
GRANITE CREEK UNDERGROUND 600m • Reconciling well to model on tonnage and grade • SPZ remains open at depth and along strike to the north • Historic drilling suggests the potential to extend mineralization >1 km north • Increased ground water ingress is being addressed by adding additional pumping c
Slide 9: Granite Creek Open Pit
GRANITE CREEK OPEN PIT • High-grade and large development-stage, open-pit heap leach and mill project • Low capital intensity project • 2025 focus on permitting and technical studies CX Pit • Significant oxide and transitional mineralization remains below and adjacent to Mag Pit historic pits • 95%
Slide 10: Ruby Hill Complex: Underground and Open Pit Resources
RUBY HILL COMPLEX UNDERGROUND AND OPEN PIT RESOURCES OVERVIEW Mineral Resources – Archimedes Underground(5) 1.0 km Category Tonnage Au Grade Gold Archimedes Projects: (kt) (g/t) (koz) Underground • Archimedes Underground project Indicated 1,791 7.6 436 Ruby Deeps • Mineral Point Open Pit project Inf
Slide 11: Ruby Hill Complex: Archimedes Underground Project
RUBY HILL COMPLEX ARCHIMEDES UNDERGROUND PROJECT • Comprised of Ruby Deeps and 426 zone • Key results from PEA released on Feb. 18, 2025 • Focus in 2025 is advancing infrastructure to access Ruby Deeps & 426 Zone and continuing the exploration and technical program • Underground platform development
Slide 12: Archimedes Underground PEA Highlights
PEA Highlights RUBY HILL COMPLEX • Several exploration targets to be followed up in the coming years to potentially extend ARCHIMEDES UNDERGROUND PROJECT the mine life Key Operating & Financial Metrics From PEA • Potential to achieve the highest mining rate among i-80 Gold’s underground operations $
Slide 13: Ruby Hill Complex: Mineral Point Open Pit Project
RUBY HILL COMPLEX MINERAL POINT OPEN PIT PROJECT • Large oxide Au-Ag deposit – largest of two oxide projects in i-80’s portfolio • Potential to become i-80’s largest gold producing asset – key driver of future growth • 2025 work to focus on baseline studies in preparation for permitting applications
Slide 14: Mineral Point Open Pit PEA Highlights
PEA Highlights RUBY HILL COMPLEX • Large open pit heap leach operation – potential to become one of Nevada’s largest open- MINERAL POINT OPEN PIT PROJECT pit truck-and-shovel mining operations Key Operating & Financial Metrics From PEA • Anticipated annual gold equivalent production(2) of approximat
Slide 15: Cove Project
COVE PROJECT Mineral Resources – Cove Underground Mine(3) Tonnage Au Grade Gold OVERVIEW (kt) (g/t) (koz) Location: Indicated 1,178 8.2 311 • Immediately South of NGM’s Phoenix Cu-Au Mine; ~ Inferred 4,046 8.9 1,156 85 km to Lone Tree autoclave Status: • Underground definition drilling program inten
Slide 16: Cove Project PEA Highlights
PEA Highlights: COVE PROJECT • Low capital, high return on estimated invested capital • Recent two-year infill drill program not included in the 2025 PEA – ongoing infill drill Key Operating & Financial Metrics program in Helen and Gap zones to be included in the feasibility study planned for Q4 202
Slide 17: Lone Tree Complex
Mineral Resources – Lone Tree Open Pit(9) LONE TREE COMPLEX Tonnage Au Grade Gold (kt) (g/t) (koz) Overview Indicated 7,200 1.77 410 Location: Inferred 50,700 1.69 2,764 • Centrally located between i-80 Gold’s assets enabling hub-and-spoke mining and processing business model Status: • Autoclave ref
Slide 18: Roadmap to 500Koz Producer
ROADMAP TO 500Koz PRODUCER Advance Three Underground Projects (One Already Producing) + Move Two Open Pit Projects Through Permitting And To Production Stages of Development 2025 2026 2027 2028 2029 2030 2031 2032 Granite Creek PRODUCTION Underground Archimedes CONSTRUCTION PRODUCTION Underground Fl
Slide 19: Appendix
T :80 | GOLD CORP
Slide 20: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN DEVELOPING AND FINANCING MINING OPERATIONS RICHARD YOUNG MATT GILI RYAN SNOW DAVID SAVARIE LEILY OMOUMI Chief Executive President & Chief Chief Financial Officer Senior VP General VP Corporate Officer & Director Operating Officer Counsel Development & Str
Slide 21: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS RICHARD YOUNG EVA BELLISSIMO CHRISTINA CASSANDRA RON CLAYTON JOHN BEGEMAN JOHN SEAMAN ARTHUR EINAV MCCARTHY JOSEPH Chief Executive Chairman Director Director Director Director Director Director Officer & Director 4 0 + year s 2 0 + year s leg al, 4 0 + year s o p er at
Slide 22: Mineral Resources
MINERAL RESOURCES(3,4,5,6,7,8,9) MINERAL RESOURCES Tonnes (kt) Au Grade (Au g/t) Ag Grade (Ag g/t) Au Ounces (Koz) Ag Ounces (Koz) Mineral Resources Attributable to Measured i-80 Gold Corp. Granite Creek – Open Pit 20,857 1.47 988 Granite Creek – Underground 483 10.07 156 Lone Tree – Open Pit Cove –
Slide 23: Non-IFRS/Non-GAAP Financial Performance Measures
NON-IFRS/NON-GAAP FINANCIAL PERFORMANCE MEASURES The Company has included certain terms or performance measures in this presentation that commonly used in the gold mining industry that are not defined under International Financial Reporting Standards (“IFRS”) or United States Generally Accepted Acco
Slide 24: Endnotes
ENDNOTES (1) For the Archimedes Underground Project, cash flow and NPV are calculated as of the start of construction, which is anticipated to commence in early in the second quarter 2025, subject to obtaining the necessary permits by March 31, 2025, as anticipated. After tax metrics for Archimedes