Galiano Gold, Inc. · TSX:GAU

Galiano Gold — Gold Forum Americas 2024

25 slides from Galiano Gold's conference presentation, September 2024

Slide 2: Forward Looking Information & Cautionary Statements
Forward Looking Information & Cautionary Statements Certain statements and information contained in this presentation constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities l
Slide 3: Non-IFRS Measures
Non-IFRS Measures Non-IFRS Performance Measures The Company has included certain non-IFRS performance measures in this presentation. These non-IFRS performance measures do not have any standardized meaning and therefore may not be comparable to similar measures presented by other issuers. Accordingl
Slide 4: Corporate Snapshot
Corporate Snapshot Ownership Coverage Price Target1 Basic Shares Outstanding Gold Fields Ltd 19.75% BMO C$3.25 257M Equinox Partners 14.10% Cormark C$4.00 GAU LLP Hannam Partners C$3.19 Donald Smith 6.97% NYSE American & TSX HC Wainwright US$4.20 Ruffer LLP 6.75% Closing Price (NYSE:GAU)1 Scotia C$2
Slide 5: Asanko Gold Mine ("AGM") at a Glance
Asanko Gold Mine (“AGM”) at a Glance 2024 Expected Production Expected 2024 AISC1 ~120-130koz Au US$1,975 – 2,075/oz Steady State Prod.4 Steady State AISC1,4 ~240 koz Au/yr US$1,063 /oz Mineral Reserves3 M&I Mineral Resources3 2.1 Moz Au M&I 3.6 Moz Au (45.4 Mt at 1.41 g/t Au) (79.8 Mt at 1.39 g/t A
Slide 6: Building a Leading Gold Producer in Ghana
Building a Leading Gold Producer in Ghana No 1 gold producer in Stable democracy Africa Mature mining Secure jurisdiction regulations Large presence of major Access to skilled mining companies employee base 6
Slide 7: Transformational Transaction
Transformational Transaction Highly accretive to GAU shareholders 1.4 1.23x 1.2 P/NAV (RATIO) 1 0.87x 0.87x 0.78x Median 0.66x 0.8 0.74x 0.73x 0.60x 0.58x Minimum dilution (~10%) 0.6 0.53x 0.46x 0.4 0.32x 0.24x 0.21x 0.2 Reserves/share (+75%) 0 Production/share (100%) 3 Cash +$65M (100%) GAU: TSX Sh
Slide 8: Upcoming Value Drivers
Upcoming Value Drivers ANNUAL PRODUCTION (koz 2023E)1,2 450 400 310% increase in Organic Growth – 2x Au production production 350 oz/share 300 Decrease in AISC 100% increase in 250 production oz/share Reserve Growth 200 150 Re-sequenced LOM 100 ~240koz ~125koz 50 Galiano 45% 65koz Accelerating Nkran
Slide 9: Abore Mining Ramping Up
Abore Mining Ramping Up Abore Tonnes Mined  Ramp-up of Abore Mining 4,000,000 • Mining contractor actively stripping on the new expanded reserve pit design • Q2 overall mining slower than expected due to challenges during rainy season 3,000,000 including saturated ground conditions. Expect to see l
Slide 10: Advancing Key AGM Capital Projects
Advancing Key AGM Capital Projects TSF Evaporators  Total $9M investment to commission evaporator system at the TSF.  Commissioned early Q2 2024 and now fully operational and performing in accordance with our expectations. Carbon in Leach Tanks  2 additional CIL tanks currently being fabricated,
Slide 11: 2024 Exploration Focus Continues
2024 Exploration Focus Continues Continuing to spend $15M annually Sky Gold B Near Mine (Reserve expansion):  Abore remains open at depth including : 22m @ 3.8g/t , and 9m @ 10.8 g/t  Nkran Abore  Midras 2nd phase of infill drilling completed Gyetwi during Q2 to upgrade and advance deposit toward
Slide 12: Investing in the Future
Investing in the Future Holding one of largest gold mines in Africa Strong Balance Sheet No Debt/$123M in cash1 Executing Organic Growth Profile Cost Reduction Expansion of Reserves & Resources Optimizing LOM & Cash Flows (Jan 2025) Compelling Value Proposition 12 1As of June 30,2024 (unaudited)
Slide 14: Appendix
Appendix 14
Slide 15: Mineral Reserves (as of June 30, 2024)
Mineral Reserves (as of June 30, 2024) Proven + Deposit Proven Probable Probable Au Au Tonnes Au Grade Tonnes Au Grade Au Content Tonnes Au Content Content Grade (Mt) (g/t) (koz) (Mt) (g/t) (koz) (Mt) (g/t) (koz) Nkran -- -- -- 9.9 1.82 582 9.9 1.82 582 Esaase -- -- -- 13.6 1.22 533 13.6 1.22 533 Mi
Slide 16: Expanding Abore
Expanding Abore 2023 drilling results and growth potential 2023 Drilling at Abore Grade appears to be increasing demonstrated the potential for at depth across the length of significant Resource growth the deposit 1800m Discovery of South High-grade zone Current Reserve Pit Design @ $1500 150m ABPC2
Slide 17: Abore – Growth in Resources
Abore – Growth in Resources Pre-2023 Resource Post-2023 Resource Indicated Resource Indicated Resource Inferred Resource Inferred Resource meters meters 17
Slide 18: Nkran Deep Drilling
Nkran Deep Drilling Generating optionality • As the cornerstone deposit at the AGM, Nkran continues to be a priority for near mine exploration work • First priority is to provide open pit Resource optimization for current gold price environment • Second priority is to 2022-2023 identify long term va
Slide 19: Expansion of Known Deposits
Expansion of Known Deposits Nkran – Asuadai shear corridor shows example of multiple AGM deposits with untested potential Corridor continues Nkran As-Built pit Corridor continues Southwest Northeast Nkran Dynamite Akwasiso Produced: >790 koz Produced: 93 koz Asuadai Produced: >166 koz Reserve: 582 k
Slide 20: Tax
Tax Ghana corporate tax regime  Corporate income tax  Withholding taxes  Rate 35% for mining (general rate 25%)  Charged on purchases from foreign suppliers; rates depend  Capital expenditure amortized over 5 years on country of domicile, and type of service, but typically range from 10% to 20%
Slide 21: Q2 Operational & Financial Highlights
Q2 Operational & Financial Highlights  Safety: • 0 lost-time injuries and 0 total recordable injuries  Gold Production and Costs: • 26,437 oz during Q2; YTD production of 56,823 oz (100% basis) • Q2 AISC of 1,759 $/oz • FY guidance = 120,000 – 130,000 oz at $1,975 - $2,075 AISC1  Cash Flows • Pos
Slide 22: Q2 Corporate Highlights
Q2 Corporate Highlights  Strengthened Board of Directors • Mr. Navin Dyal, currently CFO of Dundee Precious Metals Inc., +20 years of experience. • Dr. Moira Smith, P. Geo., over 30 years geological experience, currently a Director of Discovery Metals Corp. • Dr. Michael Price retired effective Jun
Slide 23: Building a Responsible Business
Building a Responsible Business ENVIRONMENT GOVERNANCE Limiting environmental impact to Maintaining sound corporate our concessions governance and ethical business BEST PRACTICES SOCIAL Implement best practices in Engaging with local communities sustainability to create self-sustaining legacies 23
Slide 24: AGM CSR Focus Areas
AGM CSR Focus Areas EDUCATION Asanko/CODE literacy improvement program Infrastructure & Equipment support - School blocks, PCs Project CURE medical HEALTH supplies and equipment HPIC's Obaatanpa Maternal and Child Health Program SKILLS Asanko/GIZ Skills Development Programme Obotan Cooperative Credi
Slide 25: Protecting our Environment
Protecting our Environment 25

Galiano Gold — Gold Forum Americas 2024 on 6ix

Galiano Gold — Gold Forum Americas 2024

Slide 1: Gold Forum Americas September 2024

Slide 2: Forward Looking Information & Cautionary Statements

Slide 3: Non-IFRS Measures

Slide 4: Corporate Snapshot

Slide 5: Asanko Gold Mine ("AGM") at a Glance

Slide 6: Building a Leading Gold Producer in Ghana

Slide 7: Transformational Transaction

Slide 8: Upcoming Value Drivers

Slide 9: Abore Mining Ramping Up

Slide 10: Advancing Key AGM Capital Projects

Slide 11: 2024 Exploration Focus Continues

Slide 12: Investing in the Future

Slide 13: Contact

Slide 14: Appendix

Slide 15: Mineral Reserves (as of June 30, 2024)

Slide 16: Expanding Abore

Slide 17: Abore – Growth in Resources

Slide 18: Nkran Deep Drilling

Slide 19: Expansion of Known Deposits

Slide 20: Tax

Slide 21: Q2 Operational & Financial Highlights

Slide 22: Q2 Corporate Highlights

Slide 23: Building a Responsible Business

Slide 24: AGM CSR Focus Areas

Slide 25: Protecting our Environment