Steppe Gold Ltd. · TSX:STGO
Steppe Gold — Investor Presentation (March 2024)
24 slides from Steppe Gold's investor presentation, March 2024
Slide 1: Building Mongolia's Leading Gold Producer
Mongolia’s Premier Precious Metals Company BUILDING MONGOLIA'S LEADING GOLD PRODUCER BUILDING A NEW MID-TIER PRECIOUS METALS PRODUCER Corporate Presentation March 2024 TSX: STGO / OTCQX: STPGF steppegold.com 1
Slide 2: Disclaimer
Steppe Gold - Corporate Presentation / March 2024 Disclaimer TECHNICAL INFORMATION The technical and geoscientific content in this presentation has been compiled, reviewed and approved by Enkhtuvshin Khishigsuren, Vice President of Exploration of the Company and a “Qualified Person” as defined by NI
Slide 3: Merging with Boroo Gold LLC to create Mongolia's largest gold producer
Steppe Gold - Corporate Presentation / March 2024 Steppe Gold is merging with Boroo Gold LLC to create the leading and largest gold producer in Mongolia. 2024 2025 2026 3
Slide 4: Acquisition of Boroo Gold
Steppe Gold - Corporate Presentation / March 2024 ABOUT COMPANY ACQUISITION OF BOROO GOLD AN ACTION PACKED EXPANSION STORY TRANSACTION HIGHLIGHTS: Steppe Gold has signed a binding term sheet to acquire Boroo Gold LLC in an all-share transaction, with closing planned for June 2023. Boroo Gold is a le
Slide 5: About Steppe Gold
Steppe Gold - Corporate Presentation / March 2024 ABOUT COMPANY ABOUT STEPPE GOLD AN ACTION PACKED EXPANSION STORY STRONG MONGOLIA PRESENCE Headquartered in Mongolia, management with proven track record. Strong social license to operate and strong local financial support. 99% Mongolian nationals and
Slide 6: Why Mongolia?
Steppe Gold - Corporate Presentation / March 2024 WHY MONGOLIA? M O N G O L I A I S A D E M O C R AT I C C O U N T R Y W I T H A S TA B L E M U LT I - PA R T Y- P O L I T I C A L S Y S T E M UNTAPPED MINERAL RESOURCES Exploration license 3.3% Mining license 1.2% of Mongolia’s territory ~10% of minin
Slide 7: Company Milestones
Steppe Gold - Corporate Presentation / March 2024 ABOUT COMPANY COMPANY MILESTONES KEY MILESTONES ACHIEVED AND TARGET DATES 2016 2019 2023 Established in Mongolia Built Heap Leach Mine and Plant/ ATO Phase 1. Secured $150M financing for Phase 2 Expansion. 2017 2020 2024 Acquired ATO and UK projects
Slide 8: Management Team & Board
Steppe Gold - Corporate Presentation / March 2024 ABOUT COMPANY MANAGEMENT TEAM & BOARD MANAGEMENT TEAM WITH PROVEN TRACK RECORD BATAA TUMUR-OCHIR BYAMBATSEREN TSOGBADRAKH PATRICK MICHAELS MARIA LERNER Chairman and CEO President, Director, Board member Director, Board member Director, Board member M
Slide 9: Capital Structure
Steppe Gold - Corporate Presentation / March 2024 ABOUT COMPANY CAPITAL STRUCTURE MANAGEMENT OWNS 20% AND BACKED BY THE INDUSTRY LEADING INVESTORS The Company raised US$90M dollars through equity and convertible notes. 20% 20% Directors and Management 15% US & Europe Family Offices 9% Eric Sprott EQ
Slide 10: Mongolia Operations
Steppe Gold - Corporate Presentation / March 2024 ABOUT COMPANY MONGOLIA OPERATIONS EXPLORATION, DEVELOPMENT AND PRODUCING ASSETS IN MONGOLIA The Company is assessing highly prospective projects Russia in Mongolia for further acquisitions. BOROO GOLD (100%) Selenge Dornod province province Ongoing a
Slide 11: ATO Gold Mine: 1.7Moz AuEq in reserves
Steppe Gold - Corporate Presentation / March 2024 ATO GOLD MINE ATO PROJECT OVERVIEW 1 0 0 % O W N E D M U LT I - P H A S E P R E C I O U S M E TA L S P R O J E C T ATO GOLD MINE A multi-phase precious metals project covering 5,492 hectares in Dornod, Mongolia. ATO deposit contains mineral reserves
Slide 12: ATO Deposit Locations
Steppe Gold - Corporate Presentation / March 2024 ATO GOLD MINE ATO DEPOSIT LOCATIONS 1 0 0 % O W N E D M U LT I - P H A S E P R E C I O U S M E TA L S P R O J E C T Mungu Deposit ATO-4 Deposit ATO-2 ATO-1 Deposit Deposit 1.7Moz AuEq in reserves + 1.32Moz AuEq to be recovered in 14 years + New high
Slide 13: ATO Deposit Model
Steppe Gold - Corporate Presentation / March 2024 ATO GOLD MINE АТО DEPOSIT MODEL 1 0 0 % O W N E D M U LT I - P H A S E P R E C I O U S M E TA L S P R O J E C T 1.7Moz AuEq in reserves + 1.32Moz AuEq to be recovered in 14 years + New high grade Zinc discoveries 13 + Additional oxide zones identifie
Slide 14: ATO Mineral Reserves
Steppe Gold - Corporate Presentation / March 2024 ATO GOLD MINE ATO MINERAL RESERVES 1 0 0 % O W N E D M U LT I - P H A S E P R E C I O U S M E TA L S P R O J E C T GRADES ATTRIBUTABLE METAL Ore MINERAL RESERVES /August 2023/ AuEq Au Ag Pb Zn AuEq Au Ag (kt) (g/t) (g/t) (g/t) (%) (%) (k oz) (k oz) (
Slide 15: New High Grade Discoveries
Steppe Gold - Corporate Presentation / March 2024 ATO GOLD MINE NEW HIGH GRADE DISCOVERIES 1 0 0 % O W N E D M U LT I - P H A S E P R E C I O U S M E TA L S P R O J E C T Recent Drilling resulted in an exciting new discovery of multiple high grade zinc sulphide intercepts beneath the existing ATO Go
Slide 16: Phase 2 Expansion: Commissioning and Production by 2026
Steppe Gold - Corporate Presentation / March 2024 ATO GOLD MINE - PHASE 2 PHASE 2 EXPANSION 1 0 0 % O W N E D M U LT I - P H A S E P R E C I O U S M E TA L S P R O J E C T PHASE 2 EXPANSION $150M funding secured initial drawdowns of US$10M have commenced to accelerate the construction and developmen
Slide 17: New Crushing Circuit
Steppe Gold - Corporate Presentation / March 2024 ATO GOLD MINE - PHASE 2 NEW CRUSHING CIRCUIT 1 0 0 % O W N E D M U LT I - P H A S E P R E C I O U S M E TA L S P R O J E C T 17
Slide 18: New Crushing Circuit
Steppe Gold - Corporate Presentation / March 2024 ATO GOLD MINE - PHASE 2 NEW CRUSHING CIRCUIT 1 0 0 % O W N E D M U LT I - P H A S E P R E C I O U S M E TA L S P R O J E C T 18
Slide 19: Key Financial Metrics
Steppe Gold - Corporate Presentation / March 2024 ATO GOLD MINE - PHASE 2 KEY FINANCIAL METRICS 1 0 0 % O W N E D M U LT I - P H A S E P R E C I O U S M E TA L S P R O J E C T NPV Life of Mine After-Tax Phase 1 and 2 $220M 14 years Cashflow CAPEX After Stream Fully Secured $781M $150M Production Rev
Slide 20: Uudam Khundii Project
Steppe Gold - Corporate Presentation / March 2024 80/20 JV WITH LOCAL PROVINCE UUDAM KHUNDII PROJECT H I G H LY P R O S P E C T I V E E X P L O R AT I O N P R O J E C T I N W E S T E R N M O N G O L I A Steppe Gold owns 80% of the Uudam Khundii (UK) project, the largest exploration package in a new
Slide 21: ESG Commitments
Steppe Gold - Corporate Presentation / March 2024 ABOUT COMPANY ESG COMMITMENTS SAFETY AT THE CENTRE Scholarships and financial aid to 1,740 students ... ENVIRONMENTAL: SOCIAL: GOVERNANCE: 95% Implementation Score on 2023 Community Relations is at the core of Steppe’s Regularly liaise and consult wi
Slide 22: Tres Cruces Project
Steppe Gold - Corporate Presentation / March 2024 NEW DEVELOPMENT PROJECT TRES CRUCES PROJECT CREATING A LEADING DIVERSIFIED PRECIOUS METALS COMPANY Steppe has acquired Anacortes Mining and its Tres Cruces project located in one of the world’s most prolific gold mining belts in Peru. Strategic locat
Slide 23: 12 Months Plans
Steppe Gold - Corporate Presentation / March 2024 STEPPE GOLD VALUE CREATION 12 MONTHS PLANS POSITIONED FOR GROWTH AND BEYOND STEPPE GOLD’S VALUE PROPOSITION Deploy additional US$40M from US$150M Phase Commence exploration programmes at the Strong and positive cashflow from production 2 financing pa
Slide 24: Contact Steppe
Steppe Gold - Corporate Presentation / March 2024 CONTACT STEPPE BATAA TUMUR-OCHIR JEREMY SOUTH THE COMPANY’S HEAD OFFICE: Chairman and CEO Senior VP and CFO Shangri-La office, Suite 1201, Olympic street 19A, Sukhbaatar District 1, bataa@steppegold.com jeremy@steppegold.com Ulaanbaatar 14241, Mongol