I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (October 2023)
30 slides from I-80 Gold's investor presentation, Oct 11, 2023
Slide 1: Made in the U.S.A.
October 2023 MADE IN THE U.S.A. NYSE:IAUX | TSX:IAU
Slide 2: Disclaimer
DISCLAIMER Cautionary Statement Regarding Forward-Looking Information 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: c
Slide 3: Superior Performance: Executing Our Plan
SUPERIOR EXECUTING OUR PLAN PERFORMANCE U.S. Focused Gold Producer US-FOCUSED GOLD EXPLORER, DEVELOPER & PRODUCER • Nevada is consistently ranked as one of the world’s most favourable 01 Largest US “Pure-Play” gold producer Properties are 100 % in Nevada jurisdictions for mining • i-80 is one of the
Slide 4: Why i-80 Gold
WHY I-80 GOLD Pure-Play US Gold Producer Pure-Play US Gold Companies • i-80 Gold is one of only three pure-play US gold producers Producers Developers/Explorers • By market cap, i-80 is the largest US- focused gold producer with the most Company Market Cap Company Market Cap Company Market Cap signi
Slide 5: Why i-80 Gold
Investment Attractiveness Index Policy Perception Index WHY I-80 GOLD 100% US-Projects (All in Nevada) • Nevada is ranked as the world’s #1 most favourable jurisdiction for both Investment Attractiveness and Policy Perception by the Fraser Institute • Security of land ownership • Stable Government •
Slide 6: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS EWAN DOWNIE MATT GILI MATT GOLLAT RYAN SNOW TODD ESPLIN ANDY COLE Chief Executive Officer & President & COO Chief Financial Officer Technical Director Senior Mining & Director Executive Vice-President Processing Advisor 25+ years explora
Slide 7: Central Nevada
CENTRAL NEVADA World’s Most Productive Gold District • Nevada is ranked as the world’s #1 most favourable jurisdiction by the Fraser Institute • The Carlin & Battle Mountain Trends in Central Nevada collectively represent the world’s most productive gold “district” • i-80 is the largest holder of go
Slide 8: Processing
PROCESSING Competitive Advantage • Lone Tree Facility • Positions i-80 as one of only three companies in Nevada with refractory processing capabilities • Strategically located facility, situated on Interstate 80 and proximal to the Central Nevada Railway • Ruby Hill Facility • Assessing the utilizat
Slide 9: Fundamentals
FUNDAMENTALS Nevada’s Premier Growth Company Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) • Second only to Nevada Gold Mines for gold resources contained within the M&I (Moz Au) Inferred (Moz Au) Carlin/Battle Mountain Trends • Targeting a significant increase in AuEq 15.2 re
Slide 10: Fundamentals
Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) FUNDAMENTALS Superior Gold Grades SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) 2.00 1.77 • i-80 open-pit grades rank among the 1.52 1.80 1.60 1.38 1.39 1.42 highest-grade in the US, especially 1.11 1.40 1.20 1.01 1
Slide 11: U.S. Producer
U.S. PRODUCER Category Mineral Resources – Underground Tonnage Au Grade Gold Sequencing Two Processing facilities GRANITE CREEK (kt) (g/t) (Koz) MINE • Three deposits being developed with Measured & Indicated 1,008 10.40 337 processing at the Lone Tree facility Inferred 741 13.41 319 (autoclave) • U
Slide 12: Lone Tree Mine
• Central Processing Autoclave Facility • Operating Heap Leach 100% OWNED • Operating Laboratory Facility • Climate Controlled Warehouse • Core Cutting and Logging Facility LONE TREE MINE • Full Maintenance Shops • Office Complex OUR COMPETITIVE ADVANTAGE • Site flotation circuit (1.8Mt/year)
Slide 13: Granite Creek Mine
100% OWNED GRANITE CREEK MINE NEVADA’S NEWEST HIGH-GRADE GOLD MINE
Slide 14: Granite Creek
GRANITE CREEK • i-80’s first underground operation located immediately South of NGM’s Twin Creeks and Turquoise Ridge mining operations UNDERGROUND AND OPEN PIT RESOURCES • NGM interim processing agreement allows i- 80 to advance mine development with an initial priority on the Ogee Zone – positive
Slide 15: Granite Creek
GRANITE CREEK Resource Expansion • The SPZ Zone remains open at depth and along strike to the north • Grades consistently in excess of 10 g/t Au over expected mine widths • High-grade intercepts in historic hole HPC- 175 a further 400 m to the north suggest the potential to extend the strike-length
Slide 16: Granite Creek
GRANITE CREEK Underground Development Section Looking Northwest • Surface and underground drilling of the 100 m South Pacific Zone is underway – first three holes assayed: • iGS23-01 – 26.1 g/t Au over 5.7 m 4445 Level • iGS23-03 – 14.1 g/t Au over 10.6 m 4490 Level • iGS23-05 – 15.5 g/t Au over 19.
Slide 17: Ruby Hill Mine
100% OWNED RUBY HILL MINE ONE OF NEVADA’S LARGEST DEPOSITS
Slide 18: Ruby Hill
RUBY HILL Ultimate Optionality • The Eureka District ranks as one of the world’s highest-grade CRD districts with a 150-year history of production • Multiple Deposit Types: Holly-Helen Mines - reported grade: • Refractory Gold (Ruby Deeps – 426 – 428) 0.23 oz/t Au, 28.7 oz/t Ag, +37% Pb • Oxide Gold
Slide 19: Ruby Hill
RUBY HILL iRH22-57 9.0 g/t Au – 51.2 m New Discoveries iRH23-29 • 2022 drill program focused on defining 17.8 % Zn, 0.8 % Pb mineralization in the Ruby Deeps and 426 59.8 g/t Ag, & 0.9 g/t Au - 16.4 m Zones for mine planning 426 iRH23-41 (Skarn) • Drilling in 2023 will target the expansion of iRH21-
Slide 20: Development Plan
DEVELOPMENT PLAN Multiple Deposits – Shared Infrastructure • Designing infrastructure to access both gold (Ruby Deeps & 426) and Upper Hilltop polymetallic base metal deposits (Blackjack & Hilltop) • Underground platforms will provide improved locations to target expansion iRH23-18A - Tyche of miner
Slide 21: Cove Mine
100% OWNED COVE MINE ADVANCED EXPLORATION
Slide 22: McCoy-Cove
MCCOY-COVE Mineral Resources2 Advanced Exploration Program Tonnage Au Grade Ag Grade Gold Silver • One of the highest-grade, development (kt) (g/t) (g/t) (koz) (koz) stage, gold deposits in North America Indicated 1,007 10.9 29.1 351 943 • Current program includes driving a Inferred 3,867 10.9 20.6
Slide 23: Cove Mine
Composite 3D Section COVE MINE Underground Drilling Campaign • Results from delineation drilling is demonstrating continuity of high-grade mineralization and excellent widths: • 10.3 g/t Au over 7.8 m (iCHU23-02) • 13.0 g/t Au over 6.0 m (iCHU23-03) • 12.9 g/t Au over 36.1 m (iCHU23-04) PG17-26 • 12
Slide 24: Cove Mine
COVE MINE Phase 1 Program • The initial phase of underground development is completed • Feasibility Study will focus on the Helen and Gap Zones – currently being drilled • Upside opportunities: • Gap Zone is open down-plunge • CSD and 2201 not included in PEA or upcoming FS • Large-scale property of
Slide 25: Environment, Sustainability, Governance
ENVIRONMENT, SUSTAINABILITY, GOVERNANCE i-80 Gold is committed to sustainable development and environmental stewardship during exploration and extraction of mineral resources. As we continue to grow our team and our operations, we prioritize safety and improving the social, economic, and environment
Slide 26: Summary
SUMMARY GROWTH EXECUTING OUR CAPITAL ALLOCATION STRATEGY Organic growth platform with a goal of Executing a plan to grow reserves & Prioritizing reserve increases and mine becoming Nevada’s 2nd largest gold resources, production, and cash flow development producer with sustainable development opport
Slide 27: Contact Us
CONTACT US 1.866.525.6450 WWW.i80GOLD.COM Ewan Downie Matthew Gili Ryan Snow Matthew Gollat Chief Executive Officer President & COO Chief Financial Officer Executive Vice-President i-80 GOLD CORP | 27
Slide 28: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 291,886,953 Warrants 20,966,409 Options 11,101,241 RSU’s/DSU’s 1,020,543 Fully Diluted 324,975,146 *On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears an
Slide 29: Mineral Resources
MINERAL RESOURCES MINERAL RESOURCES1,2,3,4,5,6 Tonnes Au Grade Ag Grade Au Ounces Ag Ounces (kt) (Au g/t) (Ag g/t) (Koz) (Koz) Mineral Resources Attributable to i-80 Gold Corp. upon closing of the Lone Tree Measured and Ruby Hill Arrangements Granite Creek - Open Pit 20,857 1.47 988 Granite Creek -
Slide 30: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS RON CLAYTON EVA BELLISSIMO JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV CHRISTINA MCCARTHY Chairman Director Director Director Director Director Director 40+ years exploration, 20+ years legal, 35+ years operational 22+ years experience Chartered Professional Gener