Montage Gold Corp. · TSX:MAU
Montage Gold — Investor Presentation (January 2023)
19 slides from Montage Gold's investor presentation, January 2023
Slide 1: Consolidation. High-Grade Exploration. Transformation.
TSX.V MAU OTC MAUTF The Koné Gold Project: Consolidation. High-Grade Exploration. Transformation. CORPORATE PRESENTATION JANUARY 2023
Slide 2: Cautionary Language
Cautionary Language Introduction Montage Gold Corp. (“Montage” or the “Company”) is a Canadian-based precious metals exploration and development company focused on opportunities in Côte d’Ivoire. The Company’s flagship property is the Koné Gold Project, located in northwest Côte d’Ivoire, which curr
Slide 3: Cautionary Language
Cautionary Language Forward-looking Information Although Montage has attempted to identify important factors, assumptions and risks that could cause actual results to differ materially from those contained in forward-looking statements, there may be others that cause results not to be as anticipated
Slide 4: Introduction to Montage
Exploration License Syama Introduction to Montage Application N Sissingué Wahgnion 100km Bagoe Tongon Led by Former Red Back Mining Team Doropo § Recognized experts in Africa § Grew Red Back into intermediate producer; +US$7B sale in 2010 ABC § Discovery of Block 14 in Sudan (sold to Perseus in 2022
Slide 5: Leadership Team
Leadership Team RICK CLARK HUGH STUART ADAM SPENCER GLENN KONDO Chief Executive Officer President | B.Sc (Hons), M.Sc, FGS, CGeol EVP Corp. Development | CFA CFO | B.Comm, CA § 35+ Years in Mining Industry § 30+ Years in Exploration § 15+ Years in Mining Capital Markets § 20+ Years in Finance § Succ
Slide 6: Strong Shareholder Backing
Strong CAPITALIZATION Basic Shares Outstanding 160,504,290 Shareholder Options Outstanding1 8,500,000 Backing RSUs and DSUs 1,600,000 Fully-Diluted Shares Outstanding 170,604,290 OWNERSHIP 20.6% Close Price (TSXV:MAU) Jan 25, 2023 C$0.77 Basic Market Cap C$123.6M 9.8% Cash Position Dec 31, 2022 C$8.
Slide 7: Positioned in Prolific Gold Belt
Syama 6.1Moz Tabakoroni 1.5Moz Positioned in Prolific Gold Belt Sissingué 1.4Moz Waghnion Fimbiasso 0.3Moz 2Moz 2,258km2 Land Package 100% owned Bagoé 0.5Moz Tongon § Recently expanded through acquisition from Barrick/Endeavour 5Moz Kasseré 0.2Moz Koné Gold Project to Grow with Aggressive Exploratio
Slide 8: Koné Deposit Provides an Excellent Start
Koné Deposit Provides an Excellent Start Scale § 3.42Moz Probable Reserve at 0.66g/t 1 Low Strip § Less than 1:1 § 200m average true width Soft Rock § Bwi of 11kwh/t Great Infrastructure Koné Plant § Asphalt road to site Site 300m Simple Metallurgy Highway passing by Koné deposit § +90% recovery DFS
Slide 9: Now with High-Grade Satellite Targets
75 Sissédougou km • SISRC12_66: 60m at 2.70g/t Now with High- Key to Geology Basement (migmatites) TZ_2 (new) TZ_3 (new) • • SISDD11_06: 34.6m at 2.08g/t and 18.8m at 2.30g/t SISDD11_09: 23.0m at 2.14 g/t Grade Satellite Birimian Sediments Yeré North Birimian Volcanics • YETR001: 38.7m at 1.57g/t Di
Slide 10: Gbongogo
Gbongogo Hole ID From (m) To (m) Length (m) Au g/t HIGH GRADE HEAD START RC Drilling: GBRC022 3 30 27 1.87 Average grade of 2.1g/t from April 2022 Inferred Resource1 GBRC023A 1 38 37 2.49 GBRC024 0 95 95 2.03 § Over 3x higher than Koné deposit LOM average grade of 0.66g/t1 including 51 64 13 9.75 On
Slide 11: Gbongogo
Gbongogo PRIMARY TARGET FOR GROWTH Gbongogo North Gbongogo West Gbongogo Resource Gbongogo § Plunging diorite plug is not fully defined and is open to the South Legend north-east and south-west Planned Aircore holes +100ppb Soil Anomaly § Systematic Aircore drilling will test broader area 200m § Obj
Slide 12: Gbongogo-Koban Trend
Gbongogo-Koban Trend Korotou North East Koban North § Anomalous trend extending for 15km § Significant gold anomalism of +100ppb throughout Korotou East § New areas of artisanal mining recently Map Legend Koban identified Basement Qtz-Tourmaline Alteration (migmatites) Conglomerates Sena Western Sed
Slide 13: Lokolo Trend
Lokolo Trend Lokolo North LOKRC020: 13m at 1.75g/t § 17km strike on regional gold structure LOKRC021: 20m at 1.74g/t § Numerous areas of high-grade soil anomalies with frequent Lokolo West LOKRC003: 6m at 21.70g/t artisanal mining; multiple drill targets Lokolo Main LOKRC025: 20m at 2.45g/t LOKRC026
Slide 14: Exploration Plan
Exploration Plan Gbongogo RESOURCE Sissédougou Objectives over 12 months DEFINITION Petit Yao § Target Criteria: Anything grading >1.5g/t § Expand and Upgrade Gbongogo Inferred Resource Koban North § Advance multiple targets to resource Yeré North RESOURCE stage Lokolo Main POTENTIAL Lokolo South Se
Slide 15: District Consolidated High-Grade
District High-Grade Consolidated Exploration Strategy Aggressive 2,258km2 Land Package; Positions KGP for Significant Exploration Planned 85km strike-km Improvement Initial 25,000m drill program Strong Shareholder Value Backing Creation Perseus, Barrick, Revised economic study to Lundin, Endeavour,
Slide 16: Hugh Stuart, President
Hugh Stuart President hstuart@montagegoldcorp.com TSX.V MAU Adam Spencer EVP Corporate Development MontageGoldCorp.com aspencer@montagegoldcorp.com
Slide 17: Local Impact & Community Relations
Local Impact & Community Relations Montage Gold is backed by strong community support from the § Water wells in both Fadiadougou and Batogo surrounding villages of Fadiadougou, Batogo and Manabri. In § New classrooms constructed in Fadiadougou addition to being the largest employer in the area, Mont
Slide 18: Mineral Reserves and Resources
Mineral Reserves and Resources KONÉ – FEBRUARY 2022 MINERAL RESERVE ESTIMATE Oxide Transition Fresh Total Pit Classification Mt Au g/t Au Moz Mt Au g/t Au Moz Mt Au g/t Au Moz Mt Au g/t Au Moz South Pit Probable 9.8 0.57 0.18 7.9 0.56 0.14 141.4 0.67 3.05 159.1 0.66 3.39 North Pit Probable 0.9 0.47
Slide 19: Disclosure Regarding Mineral Reserves and Resources
Disclosure Regarding Mineral Reserves and Resources February 2022 Koné Mineral Reserve Estimate § The Mineral Reserves are classified according to the “CIM” definitions with an effective date of February 14, 2022. § All Mineral Reserves were classified as Probable based on the Indicated Mineral Reso