Steppe Gold Ltd. · TSX:STGO
Steppe Gold — Investor Presentation (September 2020)
23 slides from Steppe Gold's investor presentation, September 2020
Slide 1: Mongolia's Premier Precious Metals Company
TSX:STGO Precious Metals Company MONGOLIA’S PREMIER PRECIOUS METALS COMPANY CORPORATE PRESENTATION SEPTEMBER 2020
Slide 2: Disclaimer
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 DISCLAIMER TECHNICAL INFORMATION Technical information relating to the Altan Tsagaan Ovoo Project (the “ATO Project”) contained in this presentation is derived from, and in some instances is an e
Slide 3: Our Vision
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 OUR VISION Mongolia’s premier precious metals company. Our mandate: 01 02 03 Delivering superior returns to Focus on low-cost Building strong relationships with our shareholders from low-cost, pr
Slide 4: Company Overview
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 COMPANY OVERVIEW Steppe Gold is Mongolia’s premier precious metals company, has commenced production and is projected to produce 60,000 ounces of gold from its Phase I Heap Leach Operation at the
Slide 5: Company Board and Management
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 COMPANY BOARD AND MANAGEMENT Matthew Wood Bataa Tumur-Ochir Aneel Waraich Patrick Michaels Jeremy South Executive Chairman Director, President and CEO Director and Executive Director Senior Vice
Slide 6: Steppe People
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 STEPPE PEOPLE Creating Sustainable Employment Opportunities to 142 Number of Steppe employees 250-300 People 123 Number of contract workers Employees from Employees Total number local province of
Slide 7: Steppe Social Responsibility
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 STEPPE SOCIAL RESPONSIBILITY Steppe Gold has been building strong local support Steppe Gold and Mongolia is proud of its company supported and relationships prior to commencing mining works. samb
Slide 8: Company Milestones
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER August 2020 2020 COMPANY MILESTONES ATO Gold Mine built in 14 months under US$20m CAPEX 2016 2017 2017 2017 2018 2018 2019 2020 August January June September May June December January The Company was
Slide 9: Why Mongolia
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 WHY MONGOLIA Home to world class assets, sound mining infrastructure and mining talent. Strong support for mining industry at all levels of government. Focus on safety, wealth generation and sust
Slide 10: Steppe's Value Building Model
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 STEPPE’S VALUE BUILDING MODEL Fast-tracked production and exploration upside Cashflow Development Exploration Fully permitted heap leach mine and Commenced feasibility study to produce The Compan
Slide 11: Company Operations
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 COMPANY OPERATIONS Steppe Gold owns exploration, development and production assets. ALTAN TSAGAAN OVOO (ATO GOLD MINE) 60koz oxide heap leach production annually. Additional resource estimation a
Slide 12: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 ALTAN TSAGAAN OVOO (ATO) GOLD MINE NI 43-101 compliant 1.22 Moz Au Eq resources (M&I) TONNAGE GRADE CONTAINED METAL RECOVERED METAL ATO Mineral Reserves (1)(3)(5)(6)(7)(8)(9)(10)(12) (Mt) Au(g/t)
Slide 13: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 ALTAN TSAGAAN OVOO (ATO) GOLD MINE FULLY PERMITTED AND COMMENCED COMMERCIAL PRODUCTION PHOTO - JUNE 2019 LEACH PAD / CELL 1 AND 2 STORM WATER POND PREGNANT / BARREN PONDS ADR BUILDING / PLANT CHE
Slide 14: 60,000oz of Gold annually
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 ALTAN TSAGAAN ADR BUILDING OVOO (ATO) GOLD MINE - JUNE 2020 PHASE I - OXIDE HEAP LEACH PRODUCTION 60,000oz of Gold annually. PHASE II - 150,000 oz of gold production per annum from fresh rock 14
Slide 15: 60,000oz of Gold annually
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 ALTAN TSAGAAN OVOO MINING CAMP (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 60,000oz of Gold annually. PHASE II - 150,000 oz of gold production per annum from fresh rock 15 16
Slide 16: 60,000oz of Gold annually
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 ALTAN TSAGAAN OVOO ADR PLANT (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 60,000oz of Gold annually. PHASE II - 150,000 oz of gold production per annum from fresh rock 16 17
Slide 17: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 ALTAN TSAGAAN OVOO (ATO) GOLD MINE Leveraging HL cash flow to scale operations 2020 cash flow – 60k oz of gold on HL should generate $40m + of EBITDA Similar free cash flow before capex in 2021 a
Slide 18: Resource Expansion
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 RESOURCE EXPANSION Building on a large dataset - high grade intercepts. Over 90,000m drilling and 28,421m trenching completed. Mungu deposit unclassified yet. The latest drilling results and new
Slide 19: Second Quarter Update
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 SECOND QUARTER UPDATE Strong start to production at the ATO gold mine, supporting low costs, with positive grade reconciliation on sampling During the quarter produced 15,389 gold ounces and 4,97
Slide 20: Uudam Khundii (UK) Project
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 UUDAM KHUNDII (UK) PROJECT 14,400 hectares ONE OF THE LARGEST EXPLORATION LICENSES GOLDEN ARROW IN BAYANKHONGOR GOLD BELT MILKY GOLDEN STEPPE WAY Geological and geophysical studies. 12 line km IP
Slide 21: Steppe Catalysts 2020
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 STEPPE CATALYSTS 2020: PRODUCTION / CASHFLOW FURTHER DEVELOPMENT EXCITING EXPLORATION RESULTS Heap leach mine built and fully permitted. 150,000 oz per annum feasibility Estimating new resources
Slide 22: Steppe Gold
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 STEPPE GOLD MONGOLIA’S PREMIER PRECIOUS METALS COMPANY Low cost, long life exploration and mining assets in Mongolia Low cost production ~60,000oz heap leach production Further development ~150,0
Slide 23: Contact
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / SEPTEMBER 2020 TSX:STGO Precious Metals Company CONTACT Matthew Wood Bataa Tumur-Ochir Executive Chairman President and CEO mwood@steppegold.com bataa@steppegold.com Aneel Waraich Jeremy South Director and Exec