Pelangio Exploration Inc. · TSXV:PX
Pelangio Exploration — Investor Presentation (October 2020)
33 slides from Pelangio Exploration's investor presentation, October 2020
Slide 1: Gold Exploration in Canada and Ghana
Gold Exploration in Canada and Ghana PX : TSX-V Investor Presentation October 2020
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Mineral Resource Estimates Investors should not assume that any of the indicated or inferred resource disclosed herein will The words “plans”, “expects”, “is expected”, “budget”, “projects”, “scheduled”, “estimates” ever be upgraded to a higher category of minera
Slide 3: A Strategy for GOLD Exploration Success
A Strategy for GOLD Exploration Success Monetizing the Company in a Cyclical Gold Market Success In 2007 Pelangio re-envisioned Detour as an open-pit Asset spun out to Detour Gold for 50% equity interest Success VALUE INCREASE FROM $3.50 @ IPO TO $38.00 IN 2011 Discovery Exploration of Obuasi yields
Slide 4: Market Facts & Management
Market Facts & Management Capitalization in Millions Trading Directors Management PX:TSX-V & Experience and Track Record - Diversified Talent for Success PGXPF:OTCPINK Ingrid Hibbard, Kevin Thomson, Warrants Options Market Cap. President & CEO Senior VP, Exploration 18.8 1.7 $8.8 M Sam Torkornoo, Al
Slide 5: 'Location, Location, Location' Core Land Packages
‘Location, Location, Location’ Core Land Packages ONTARIO, Canada GHANA, West Africa Dome West Property: Manfo Project: located 17 km from Newmont’s 15 M oz ~800 m west of Dome Mine one Ahafo Mine with a maiden gold mineral of the largest gold producers in the resource (195,000 oz Indicated & 298,00
Slide 6: Ghanaian Projects
Ghanaian Projects ~ World Class Opportunities ~ Manfo Sefwi Belt Obuasi Ashanti Belt 6 PX:TSX-V
Slide 7: Pelangio's Ghanaian Projects - Obuasi and Manfo
Pelangio’s Ghanaian Projects - Obuasi and Manfo A Ghanaian Mining Renaissance Obuasi Manfo AngloGold’s US$600M Redevelopment Plan: Newmont’s 50% Ahafo Mill • 31.04 Moz orebody* (in addition to the 30 Expansion*** million ounces already produced) • Increase production to an • 7.12 M ounces of gold pr
Slide 8: Manfo Property Ghana - West Africa - Three Resource Areas
Manfo Property Ghana - West Africa - Three Resource Areas 100 km2 on the Sefwi Belt: hosting 33 Gold Deposits (20+ Million Oz) Located in Sefwi Belt 50 km north of Kinross’ Chirano gold mine and 17 km SE of Newmont’s Ahafo gold mine Pelangio has a 100% interest* Seven near-surface gold discoveries m
Slide 9: Manfo – Utilizing SRK Target Generation
Manfo – Utilizing SRK Target Generation • Identifying new targets using SRK’s work from 2013 • utilizing geological & structural interpretation, Pokukrom West geophysics and soil Pokukrom East geochemistry datasets, ranked and fine tuned by our own recent analyses • Targets will be advanced Nkansu t
Slide 10: New Work Program Commenced at Manfo July 2020
New Work Program Commenced at Manfo July 2020 Potential for Resource Expansion Down-Plunge Planned Soil Sampling Program Planned AC Drill Testing Phase 1 –747 samples in priority areas 1-3 140 AC drill holes for 6,255 meters Phase 2 – 657 samples in priority areas 4-7 10 PX:TSX-V
Slide 11: Manfo – New Opportunities
Manfo – New Opportunities For New Discovery and Resource Addition Significant targets around Pokukrom include: • the 200m+ gap between the two deposits • the southern 400m strike extension of Pokukrom East with only one shallow diamond drill hole test • a hanging-wall zone with several significant i
Slide 12: Pokukrom East Drill Cross Sections
Pokukrom East Drill Cross Sections Re-optimization of Conceptual Pit Shells at a Higher Gold Price $1,450 pit shell $1,450 pit shell Section 49,500N Section 49,700N U s i n g a g r e a t e r G O L D p r i c e w i l l p u s h t h e p i t s d e e p e r a n d a d d A u m i n e r a l i z a t i o n aPX:T
Slide 13: Manfo Property – Mineral Resource Table
Manfo Property – Mineral Resource Table Mineral Resource Statement* Manfo Gold Project, Ghana – SRK Consulting (Canada) Inc., May 7, 2013 Indicated Inferred Cut-off Category Quantity Grade Contained Quantity Grade Contained * Mineral resources are not mineral (Au g/t) (000’ tonnes) Au (g/t) Au (000’
Slide 14: AngloGold's Obuasi Mine Redevelopment
AngloGold’s Obuasi Mine Redevelopment One of Africa’s Largest Mines & Our Closest Neighbour Poured first gold in December 2019 after five-year production hiatus Full mine redesign Large, high-grade Expected to Attractive cost incorporating ore body: become one of the structure, capital existing and
Slide 15: Principal Target Areas and Detailed Geology
Principal Target Areas and Detailed Geology Work to date at Obuasi includes: • 18,800 soil samples • 21,800 trench samples • 1,230 auger holes • VTEM & Mag A/B surveys • 129 (28,000m) DD core holes • Targeting exercises conducted by Condor, SRK and Beak Consultants Two most significant target areas
Slide 16: Exploring the Obuasi Property
Exploring the Obuasi Property Two Target Areas: Main Trend & NGA Targets 16 PX:TSX-V
Slide 17: Obuasi 3D Animation
Obuasi 3D Animation Note to viewers: If you are viewing in a pdf document, please click on this link or visit our website on the Obuasi project page to view the animation: Obuasi 3D Animation 17 PX:TSX-V
Slide 18: Soil Geochemical Targets and Significant Drilling
Soil Geochemical Targets and Significant Drilling Obuasi Exploration Plans Data reanalysis, targeting and exploration work planning is in progress Focus on Au +/- As in soil anomalies, mostly untested by drilling, concentrated in the southwestern corner of Pelangio’s property will be evaluated using
Slide 19: Pelangio West African Peer Comparison Enterprise Value
$EV Or io l 50 0 eR 100 150 200 250 300 es Ar ou ro rc w es M 6.5 Af in r ic er al Pe an s 7.4 la Go ng io l dL Ex td p 7.9 M lo an ra as ti o Re n 8.8 Ta so ng ur ce aR s 8.9 es ou As rc es an te Go Ne ld xu sG Co m ol d Enterprise Value* pa Aw ss al Go éR ld es ou Go rc De es ld se 8.9 10.3 10.9 1
Slide 20: Pelangio Peer Comparison - Enterprise Value per Ounce
Pelangio Peer Comparison - Enterprise Value per Ounce* 140 120 117.4 99.2 100 89.2 78.4 80 $EV/oz 58.9 60 40 33.4 33.7 30.4 26.2 23.4 20 17.8 12.6 13 14.4 11.7 0 Panthera African Gold Sarama Golden Rim Pelangio Asante Gold Pasofino Gold Bassari Orezone Gold Newcore Gold Goldstone Cardinal Tietto Cor
Slide 21: Canadian Projects
Canadian Projects ~ Gold Mining Heritage ~ Dome West Timmins Grenfell Kirkland Lake Birch Lake Red Lake Hailstone La Ronge 21 PX:TSX-V
Slide 22: Timmins Gold Camp
Timmins Gold Camp DOME WEST Dome West Property - (right to earn 100%) Steps from the Dome Mine and Mill Complex Dalton Property – (10% interest) 1.5 km from the Hollinger Mine 22 PX:TSX-V
Slide 23: Timmins Gold Camp – Dome West
Timmins Gold Camp Dome West - Steps from the Dome Mine and Mill Complex Dome West Acquired in 1Q2019 - earning 100% interest Initial 543m drill hole completed in 1Q19 intersected 7 quartz veins within known prospective stratigraphy extending from the Dome and Paymaster gold mines DOME WEST Intersect
Slide 24: Dome West
Dome West • Proposed drill holes are in the southern section of the Proposed Drill Holes property, west of Edwards Lake • Adjoins the Paymaster Mine property to the south • Unexplored since the 1940s Hole From To Meters Au g/t DW1901 471.00 472.25 1.25 3.21 471.5 472.25 0.75 4.754 Paymaster Gold Min
Slide 25: Kirkland Lake Gold Camp – Grenfell Property
Kirkland Lake Gold Camp – Grenfell Property 6.7 km2 - 10 km NW of Kirkland Lake’s Macassa Mine Acquired in 2018 – one of Pelangio’s No. 1 Vein newest and most exciting projects - Pelangio is earning a 100% interest GRENFELL No. 6 Vein Two bulk samples taken from quartz veins No.1 and Sirola: Kirklan
Slide 26: Grenfell Property
Grenfell Drilling Spring 2020 Drilling on Vein #6 System - Grenfell Property Encouraging Results Intersected 314 g/t Au over 1.74 meters (uncut) in hole JS2005 as well 2020 Drilling Plans as broad zones of near surface mineralization which returned 2.5 • Further evaluate No.6 Vein g/t Au over 26 met
Slide 27: Ontario Exploration – 2020 Exploration Focus
Ontario Exploration – 2020 Exploration Focus Summary and Planned Work Programs Dome West Grenfell Diamond Drilling Diamond Drilling Winter 2020 Fall 2020 q 700m drill program in two q ~1200m drill program to separate holes proximal to the further evaluate the No.6 Vein recent intersection obtained i
Slide 28: Birch Lake - 34 km2 - Red Lake District
Birch Lake - 34 km2 - Red Lake District Two Adjoining Properties – Birch Lake & Birch Lake West • Recently acquired strategic Birch Lake West property with an additional 1040 hectares immediately west of the Birch Lake Rodman Island property, for a total of 34 km2 • Pelangio’s land holdings are loca
Slide 29: Birch Lake – High Grade Island
Birch Lake – High Grade Island Prior exploration focused on High Grade Island – part of the original land package: • Approx. 80-85 holes drilled by Placer Dome (1990s) over a strike length of 300 m at <200 34.54 g/t Au over 9.85m m depth 7.08 g/t Au over 4.4m incl 113.94 g/t Au over 2.95m • IP anoma
Slide 30: Hailstone Property, Saskatchewan
Hailstone Property, Saskatchewan ( ! ( ! ( ! ( ! ( ! ( ! ( ! ( ! Introduction to Hailstone ( ! ± ( ! Hailstone Property 0 4 8 16 ( ! ( ! ( ! ( ! ( ! (!( Location NAD83 UTM Zone 13N 1:200,000 Kilometers ( ! ^ Jolu (Mill Location) _ ( ! ! ( ! ( ( ! ( ! !! ( ( ! ( ! ( ! ! ( ( ! ( ! ( ! ! ! ( ( October
Slide 31: Hailstone Property, Asbell Bay - Area of Focus
Hailstone Property, Asbell Bay - Area of Focus Bornite Zone – New Gold Occurrences ± Hailstone Property 0 250 500 1,000 Asbell Bay Till Sampling Meters Ice Flow Ongoing and Proposed Work at NAD83 UTM Zone 13N 1:17,000 October 2020 _ Hailstone North Cu Zone *NEW* 0.79 g/t Au Currently ongoing 2nd pha
Slide 32: Why Pelangio?
Success Through Exploration Why Pelangio? …IT’S OUR MISSION 1. Location – five key projects very close to major producers Pelangio has always approached Acquisitions and exploration by acquiring strategic projects in prolific Exploration Safe Jurisdictions gold mining jurisdictions Exploration Geogr
Slide 33: Success Through Exploration
Success Through Exploration …IT’S OUR MISSION PX : TSX-V CONTACT Ingrid Hibbard, President & CEO info@pelangio.com Pelangio Exploration Inc. 905-336-3828 www.pelangio.com
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