Steppe Gold Ltd. · TSX:STGO
Steppe Gold — Investor Presentation (August 2022)
24 slides from Steppe Gold's investor presentation, August 2022
Slide 1: Mongolia's Premier Precious Metals Company
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company TSX: STGO OTCQX: STPGF Mongolia’s Premier Precious Metals Company Corporate Presentation August 2022 1
Slide 2: Disclaimer
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Disclaimer TECHNICAL INFORMATION Scientific and technical information in this Definitive Feasibility Study has been reviewed and approved by Mr. Enkhtuvshin Khishigsuren, Certified Professional Geol
Slide 3: Company Milestones
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Company Milestones 2016 2017 2018 2018 2019 2020 2020 2021 2021 2021 2022 2022 August January May June December March July February October November March July The Company was Steppe Gold Canada CA
Slide 4: Company Overview
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Company Overview Steppe Gold is Mongolia’s premier precious metals company, has commenced production and is projected to produce ~ 50,000 ounces of gold per annum from its Phase I Heap Leach Operati
Slide 5: Mongolia Today
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Mongolia Today Mongolia’s economic growth is expected to accelerate to above six percent in 2023-2024 Oyu Tolgoi: RioTinto commits $5bn. 100% ownership & production on-schedule Geopolitics makes Mon
Slide 6: Altan Tsagaan Ovoo (ATO) Gold Mine ~50,000 oz of Gold annually
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Altan Tsagaan Ovoo (ATO) Gold Mine Fully Permitted and Commenced Gold Production in 2020 PHASE I – OXIDE HEAP LEACH PRODUCTION ~50,000 oz of Gold annually PHASE II - ~ 100,000 oz of gold production
Slide 7: Resource Expansion
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Resource Expansion Building on a large dataset - high grade intercepts. Over 90,000m drilling and 28,421m trenching completed. Mungu deposit estimate just released. The latest drilling results and n
Slide 8: Mineral Reserve Estimate, Effective June 30, 2021
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Mineral Reserve Estimate, Effective June 30,2021 Phase 2 Expansion assumes producing 90,000 ounces of gold equivalent per annum from the fresh rock ore. Gold recovery is fore- cast to be 79%, with f
Slide 9: Key Financial Metrics
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Key Financial Metrics NPV IRR Site AISC EBITDA After-Tax After-Tax $232M 67% $853/oz $584M LoM Phase 1 & 2 = 12.5 After-Tax LoM Grades Capital Expenditure Total Gross 3 years Phase 2 Lead, 0.46% Zin
Slide 10: New High Grade Zinc Discoveries
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 New High Grade Zinc Discoveries Recent Drilling resulted in an exciting new discovery of multiple high grade zinc sulphide intercepts beneath the existing ATO Gold Deposits. Exceptional results and
Slide 11: Mining
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Mining Highlights Rom Balance as at July 31st was approximately 700K tons of Ore. Consisting of 521K HG at 1.7 g/t and 181 LG at 0.4 g/t. Approximately 28K ounces. Blasting continuing at ATO1 and ha
Slide 12: Crushing and Leachpad
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Crushing and Leachpad Highlights Total stack ore for 2022 464K tonnes. Cell 4 stacking is complete. Cell 5 contains 183K tonnes at 1.7g/t as at July 31st. Total ore on the leachpad is 2.3 million to
Slide 13: Construction
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Construction Highlights Major works ongoing include the Crusher, Chemical storage expansion and Fuel storage expansion. Chemical Storage will be completed this week and the Fuel storage will also be
Slide 14: Crusher Construction
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Crusher Construction 14
Slide 15: Crusher Construction
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Crusher Construction 15
Slide 16: Crusher Construction
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Crusher Construction 16
Slide 17: Crusher Construction
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Crusher Construction 17
Slide 18: Operations Q3/Q4
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Operations Q3/Q4 Highlights Crusher will be complete in the Fall: First major equipment installation for Steppe’s Phase 2 Expansion, which will also al- low the Company to drive higher crushing rate
Slide 19: From Vision to Expansion
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 From Vision to Expansion Highlights Ramp up in production commenced in the second quarter over 10,000 oz, with internal guidance for 15,000 oz in Q3 Monthly production of 5,000 oz in peak months sho
Slide 20: Uudam Khundii (UK) Project
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Uudam Khundii (UK) Project ONE OF THE LARGEST EXPLORATION LICENCES IN BAYANKHONGOR GOLD BELT Identified 4 new discoveries: Maiden Drilling Commenced July 2022 A 3,000 meter programme underway, with
Slide 21: Successful Partner Site Visit
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Successful Partner Site Visit With borders open and production back online, the Steppe Team was excited to finally host global partners at our ATO Gold Mine 21
Slide 22: Steppe Social Responsibility
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Steppe Social Responsibility Steppe Gold is proud of our local community partnerships, and our repopulation efforts for marmots and local bird species, as part of our local 2021 Biodiversity Offset
Slide 23: Recent Successes
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Recent Successes Steppe Achieves 92.9 Implementation Score on Environmental Management Plan Bloomberg Mongolia recognizes Steppe’s ATO Gold Mine as 2021 Development of the Year 23
Slide 24: Contact
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation – August 2022 Contact Matthew Wood Bataa Tumur-Ochir Executive Chairman President and CEO mwood@steppegold.com bataa@steppegold.com Aneel Waraich Jeremy South Director and Executive VP Senior VP and CFO aneel@ste