Contango Silver & Gold Inc. · AMEX:CTGO
Contango Silver & Gold — Contango ORE — Investor Presentation (July 2023)
36 slides from Contango Silver & Gold's investor presentation, Jul 17, 2023
Slide 1: Building Alaska's Next Gold Mines
NYSE-A: CTGO BUILDING ALASKA’S NEXT GOLD MINES July 2023 Exhibit 99.1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The Feasibility Study (“FS”) referenced herein that relates to Peak Gold, LLC (“Peak Gold”), was prepared by Kinross Gold Corporation (“Kinross”), which controls the Manager of Peak Gold and holds 70% of its outstanding membership interests, in accordance with Canadian Nati
Slide 3: Investment Highlights
Alaska considered one of the top 10 jurisdictions in the world for mining investments1 Manh Choh Mine - One of the world’s highest grade open pit gold mines (averaging 8 g/t expected grade) We believe the following factors significantly de-risk the project: Agreement in place with Tetlin Alaska Nati
Slide 4: Developing Alaska's Next Gold Mines
Lucky Shot Mine – Initial Resource 100% owned Exploring historic high-grade gold mine Permitted for mining 106,000 Oz Indicated Resource grading 14.5 g/t Au Reserves/Resources Exploration Stage Fort Knox Mill Developing Alaska’s Next Gold Mines 4 Manh Choh Mine – Construction underway Partnership wi
Slide 5: Capital Structure
Institutional Retail / Others Directors & Officers (Insiders) TRADING - NYSE AMERICAN: CTGO1 90-Day Avg. Daily Volume 18,550 shares per day 52-week range US$21.70 - $33.67 Market Cap $186 M *Russell 3000 Inclusion - June 26, 2023 CAPITAL STRUCTURE2 Issued & Outstanding 7.8 M Warrants 0.4 M Options a
Slide 6: Manh Choh Gold Project
Feasibility in 2022Construction in 2023 Production in 2024Explore 2,800 sq.km area Development Plan - mine Manh Choh gold ore and then truck and process the ore at Kinross’ Fort Knox Milling Complex Reduces execution risk to produce gold and silver over 4.5 year mine-life starting second half o
Slide 7: Manh Choh Update – Summer Construction Underway
Manh Choh Update – Summer Construction Underway 7
Slide 8: Manh Choh Update – Summer Construction Underway (Cont'd)
UNDERWAY Triple 7 CAT Trucks, Blast Hole Drill Rig and 6030 CAT Shovel on their way Manh Choh Update – Summer Construction Underway (Cont’d) 8
Slide 9: Kiewit selected as mining contractor
Kiewit selected as mining contractor Founded in 1884, Kiewit is one of the largest engineering, construction and mining companies in North America Mining Contractor 9
Slide 10: Black Gold Transport Contracted for Ore Haul
Black Gold Transport Contracted for Ore Haul Alaska Business for 35 Years Ore Haul Contracting 10
Slide 11: Mill Modifications at Fort Knox
11 Mill Modifications at Fort Knox 11
Slide 12: Mill Modifications at Fort Knox (Cont'd)
Manh Choh Ore Stockpile Area Mill Modifications at Fort Knox (Cont’d) 12
Slide 13: Mill Modifications at Fort Knox (Cont'd)
Mill Modifications at Fort Knox (Cont’d) 13
Slide 14: Using existing infrastructure at Fort Knox, Peak Gold is planning on a H2 2024
Using existing infrastructure at Fort Knox, Peak Gold is planning on a H2 2024 start date Production estimate of 914,000 GEO over a 4.5-years equating to roughly 225,000 gold equivalent ounces (“GEO”) per annum (30% to Contango Ore = +274,000 GEO or 67,500 GEO/Yr)1 Average processed grades expected
Slide 15: Illustrative Economics at Select Gold Prices
Illustrative Economics at Select Gold Prices1 At gold spot price ($1,920/Ounce) as of July 10, 2023 $129 M+ of annual revenue $54 M+ of annual cash flow 1 See Contango’s SK1300 Manh Choh Technical Report Press Release dated May 26, 2023; Initial capex reflects the Kinross feasibility study reported
Slide 16: DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PRODUCTION DETAILED DESIGN PROCURMENT CONSTRUCTION Approximately $19 M
DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PRODUCTION DETAILED DESIGN PROCURMENT CONSTRUCTION Approximately $19 M program in 2021 which included resource in-fill, hydrology, geotechnical, metallurgical engineering; environment and community outreach Tetlin Tribe indicates their support for the
Slide 17: Tintina Gold Belt: >100 Million Ounce Gold Endowment
1 Hart, C.J.R., 2005. Mid-Cretaceous Magmatic Evolution and Intrusion-related Metallogeny of the Tintina Gold Province, Yukon and Alaska. Unpublished PhD thesis, University of Western Australia, 198 p. 1 Early-Stage Exploration Projects (100% owned) Eagle-Hona Triple Z Shamrock Current Focus On Luck
Slide 18: Lucky Shot Vein: Overview
Coleman Adit Lucky Shot “500” Adit War Baby Adit Looking NNE Enserch Tunnel Lucky Shot Vein 15.6 g/t Au = ½ Oz/ton Au1 +1 mile (1.6 km) strike length and open along strike and down dip See https://www.contangoore.com/press-release/contango-ore-issues-initial-s-k-1300-resource-technical-report-su
Slide 19: Lucky Shot Vein: Aerial View
Lucky Shot Vein: Ariel View 19
Slide 20: Lucky Shot: Safety & Permitting
Fully Permitted Active Mine Site Safety First Approach Zero LTIs Lucky Shot: Safety & Permitting 20
Slide 21: Lucky Shot Mineral Resource Estimate
Classification Tonnes Au Grade (g/t) Au Ounces Measured - - - Indicated 190,092 15.6 95,036 TOTAL 190,092 15.6 95,036 Inferred 74,265 9.9 23,642 Classification Tonnes Au Grade Au Ounces (g/t) Measured - - - Indicated 36,871 8.9 10,584 TOTAL 36,871 8.9 10,584 Inferred 7,793 5.9 1,468 Coleman Lucky Sh
Slide 22: Lucky Shot Vein: Capping Strategy
10% to 30% Upside Disintegration Analysis Used Lucky Shot Vein: Capping Strategy 22
Slide 23: Lucky Shot Vein: Additional Views
? Lucky Shot Vein: Additional Views 23
Slide 24: Lucky Shot Vein: Additional Views (Cont'd)
Oblique View of Lucky Shot Segment – Looking NE Lucky Shot Vein: Additional Views (Cont’d) 24
Slide 25: Lucky Shot Vein: Additional Views (Cont'd)
2.12m @ 1.68 g/t Au LSU22023 OPEN LSU22022 LSU22021 LSU22020 LSU22019 LSU22018 1m @ 6.8 g/t Au Incl. 0.5m @ 12 g/t Au 3.31m @ 3.92 g/t Au Incl. 0.5m @ 9.99 g/t Au 1.52m @ 1.59 g/t Au 3.64m @ 4.5 g/t Au Incl. 0.53m @ 26.3 g/t Au 0.58m @ 7.7 g/t Au 1.99m @ 9.53 g/t Au Incl. 0.71m @ 21.5 g/t Au 1.62m @
Slide 26: Lucky Shot Vein: Additional Views (Cont'd)
Planned In-Fill Drill Program for 15-20 Meter spacing Looking Southwest Lucky Shot Vein: Additional Views (Cont’d) 26
Slide 27: Lucky Shot Vein: At the Face
27 At the Face with Lucky Shot Vein Alaska’s Next Gold Mine Lucky Shot Vein: At the Face 27
Slide 28: Thank You
THANK YOU _ bai te GOLD SiLveR CoPPER ”
Slide 29: Appendices
Corporate Inquires:info@contangoore.com+1-778-386-6227www.contangoore.com NYSE American: CTGO Twitter: @orecontangoLinkedIn: Contango OREInstagram: ContangoOREFacebook: Contango ORE APPENDICIES 29
Slide 30: This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA,
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA, which are financial measures not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimated AISC, resourc
Slide 31: Manh Choh Project Location
The project is located 29 km (18 miles) from the Alaska Hwy and 400 km (240 miles) to the Fort Knox Milling Complex MANH CHOH DEPOSIT Image used with permission from Kinross Manh Choh Manh Choh Project Location 31
Slide 32: Manh Choh Project and Surrounding Targets
Main MC North MC $3 Million Exploration Program Budgeted for 2023 Continued exploration for New Resources in Chief Danny Area Further evaluation of 685,000 acre Manh Choh project Additional regional stream sediment sampling Geologic mapping Geophysical surveys including detailed ground gravity surve
Slide 33: Manh Choh Project: Exploration Highlights
528 Core and RC holes in the database with 394 drill holes used for modeling is including 69,574 m (228,260 ft) of assays. Approved $3 million exploration program for 2023 Follow up of regional stream sediment and pan concentrate sample Geologic reconnaissance Drill program on Chief Danny area targe
Slide 34: Manh Choh Project: Asset Summary
Peak Gold Project ~(688,000 Acres) State Claims (~70,000 Acres) Peak Gold JV 70% 30% 100% The Manh Choh project consists of a ~688,000 acres land package including ~13,000 acres of State Mining Claims Roughly the size of Rhode Island Contango is also the 100% owner of the Alaska state claims explo
Slide 35: Historic Reserve on Adjacent Coleman Segment
Historic M&I Reserve on Adjacent Coleman Segment of LS Vein: 206k Tonnes @ 18.3 g/t Gold for 121,500 Ounces of Contained Gold2 1 The historical production information presented is based upon reports file by the US Geological Survey from information provided by prior owners and operators of the mines
Slide 36: Lucky Shot: Exploration Plan
Rehab and extend existing Enserch tunnel to explore the Lucky Shot vein down-dip - prep for exploration drilling in three stages: Stage 1a: Drift 500 meters along footwall and parallel to vein for detailed in-fill drilling; Stage 1b: Continue Enserch tunnel as a ramp into hanging wall side of vein a