Thesis Gold & Silver Inc. · TSXV:TAU
Thesis Gold & Silver — Thesis Gold — Investor Presentation (January 2025)
19 slides from Thesis Gold & Silver's investor presentation, January 2025
Slide 1: Unlocking the Gold-Silver Potential of a Unified Toodoggone District
CORPORATE PRESENTATION | JANUARY 2025 Unlocking the GOLD-SILVER TSX-V TAU POTENTIAL of a Unified Toodoggone District, northern BRITISH COLUMBIA
Slide 2: Disclaimer and Cautionary Notes
DISCLAIMER AND CAUTIONARY NOTES FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking information” within the meaning of production at the Lawyer’s Project; regulatory determinations and delays; any Accordingly, Thesis recommends that the reader refer to and read the Technical appli
Slide 3: Project Highlights
PROJECT HIGHLIGHTS N CANADA Recognized Mining Jurisdiction District Scale (495 km2) Land Position in BC the Toodoggone Mining District of BC TECK Schaft Creek Road Accessible and <5 km from NEWCREST the Sturdee Airstrip TECK/NEWMONT Galore Creek Red Chris THESIS GOLD Close to powerline tie-ins and t
Slide 4: Excellent Access to Infrastructure and Power
EXCELLENT ACCESS TO INFRASTRUCTURE AND POWER Road from Prince George N provides year-round access Bot | TDG Gold Corp. Sturdee Airstrip provides BRITISH COLUMBIA Golden Lion | Evergold Corp. flight access from regional Thesis Gold Theory | Eagle Plains Ltd. airports at Terrace, Smithers, Projects Po
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Share Analyst Largest Structure Coverage Shareholders Basic Shares Outstanding 212 M Market Capitalization3 $121 M No debt No streaming 0.5% NSR at Lawyers - Royal Gold 2% NSR at Ranch - Vendor Shareholder Summary 2 30% PUBLIC/ OTHER 66% INSTITUTIONAL 4% INSIDERS 1) On a fully dil
Slide 6: Global Resource Estimate
GLOBAL RESOURCE ESTIMATE MRE Growth Mineral Resource Cutoff AuEq (g/t) Classification Tonnes (k) Au (g/t) Ag (g/t) Cu (%) AuEq (g/t) Au (koz) Ag (Moz) Cu (kt) AuEq (koz) Area 6 Total Mineral Resource Estimate 4,705,000 oz Measured 35,987 1.1 38.5 0 1.58 1,268 44.5 0 1,825 MRE update 5 Indicated 46,0
Slide 7: PEA Summary
PEA SUMMARY PEA OUTCOMES Mineable Annual Production Combined Open Pit and Underground Scenario NPV, IRR, and Payback PEA Highlights Lawyers-Ranch PEA Annual Payable AuEq 2024 2024 2022 % Gold USD/oz 1930.0 1,930.0 1,735.0 +11 Silver USD/oz 24.0 24.0 21.75 +10 350.0 Pre-Tax NPV (5%) C$M 1,991.0 1,991
Slide 8: Lawyers-Ranch PEA Overview
LAWYERS-RANCH PEA OVERVIEW Base Case After-Tax NPV (5%) C$1,277M $1,930/oz Au Lower Case After-Tax NPV (5%) C$968M After-Tax IRR 35.20% $24/oz Ag $1,750/oz Au After-Tax IRR 28.8% After-Tax Payback 2 years $22/oz Ag After-Tax Payback 2.4 years 14 Year Mine Life Spot Case After-Tax NPV (5%) C$2,247M $
Slide 9: Leveraging Silver
LEVERAGING SILVER 2024 Updated PEA Highlights(1) Silver “Peer” Positioning 1,211 Total Resource (MMoz AgEq)(4) Silver (MMoz Ag) Gold (MMoz AgEq) 92.3 MMoz 488 477 Base Metals (MMoz AgEq)(5) Silver 542 87 416 Resource(2) 170 73 370 320 111 21 262 261 75 168 362 117 274 112 88 131 114 558 51 232 175 1
Slide 10: Lawyers-Ranch PEA Overview
LAWYERS-RANCH PEA OVERVIEW Road to Ranch Project N Proposed Mill 14.1-Year LOM AGB at an average head- Waste Rock grade of 1.59 g/t AuEq RANCH PROJECT Cliff Creek LAWYERS PROJECT US $1,013 / Au oz 1.8 km STURDEE LOM AISC AIRSTRIP (net of byproducts) m 1.7 k 215 Koz Avg. Annual Production 3,025 Koz D
Slide 11: Major Milestones Path to Production
MAJOR MILESTONES PATH TO PRODUCTION 2018 Lawyers Project acquired: beginning of modern exploration 2019 and early infrastructure Initiation of upgrades environmental, metallurgical, and engineering studies at Lawyers 2021 First Nation 2021 2022 agreements and Initiation of Lawyers MRE committees met
Slide 12: Project Development
PROJECT DEVELOPMENT Engineering Investigations PEA PFS FS Environmental Baseline Studies Year 1 Year 2 Geotechnical/Hydrogeological - Mining Aquatics Lawyers OP Lawyers Site-Wide Hydrogeological (Monitoring Wells) ** Lawyers UG Terrestrial ** Ranch OP Aquatics 95% Complete Ranch UG Ranch Site-Wide H
Slide 13: Ranch Resource
RANCH RESOURCE Mineral Resource Cutoff Tonnes Au Ag Cu AuEq Au Ag Cu AuEq RANCH PROJECT Area AuEq (g/t) Classification (k) (g/t) (g/t) (%) (g/t) (koz) (Moz) (kt) (koz) Pit-Constrained Mineral Resource Estimate N Indicated 4,259 2.01 9.5 0.06 2.21 275 1.3 3 303 Ranch 0.4 LAWYERS PROJECT Inferred 5,20
Slide 14: Ranch Blue Sky Potential
RANCH BLUE SKY POTENTIAL PIPELINE OF GROWTH N 40 km structurally controlled 2 high sulfidation epithermal system Tuff Peak containing: THESIS STRUCTURAL BONANZA CORRIDOR RIDGE esource zones remain R open for growth BBX Golden Furlong Early-stage discoveries at JK Steve and JK Alberts Hump BONANZA Ne
Slide 15: Ranch High Sulphidation Comparison
RANCH HIGH SULPHIDATION COMPARISON RANCH PROJECT SUMMITVILLE PIERINA OZERNOVSKOYE 0.7 Moz Au 0.7 Moz Au 7 Moz Au < 1 Moz Au No Outcrop EL INDIO YANACOCHA 8 Moz Au > 45 Moz Au ALTERATION SIPAN SAUZAL 1 Moz Au 3 Moz Au Silicic Silicic ± Alunite Advanced Argillic MINASNIOC Argillic < 1 Moz Au Propyliti
Slide 16: Thesis Milestones
THESIS MILESTONES OCT 2024 Drilling 8.00 JUN 2024 m of 11.39 g/t Metallurgical Tests of AuEq 95% Au & 92% Ag SEP 2024 C$20M Private PEA After-Tax NPV5% Placement of C$1.28 B, 35.2% Financing of IRR and 2.0 year NOV 2024 payback New Near-Surface MAY 2024 Discovery at Ring 1.00 JUL 2024 Announcing 4.7
Slide 17: Management and Board Overview
MANAGEMENT AND BOARD OVERVIEW Ewan Webster Sean Mager CEO and President CFO Registered geoscientist in British Columbia, holds a PhD in +25 years mining sector, former CFO & COO at Brilliant geology, and has +10 years of experience in the mining sector. Resources Ltd., regulatory & financial experti
Slide 18: Environmental, Social, and Governance
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE Together we established exploration, Together we initiated baseline engagement and communications environmental studies as part agreements with our partner Nations of permitting hesis is providing employment, T ildlife monitoring and W training and contracting o
Slide 19: TSX-V TAU
VANCOUVER OFFICE 1075 West Georgia Street, Suite 1050 Vancouver, BC, Canada V6E 4M7 EWAN WEBSTER DAVE BURWELL TSX-V TAU President, CEO & Director Vice President Corporate Development ewanw@thesisgold.com +1 403-410-7907 daveb@thesisgold.com thesisgold.com 19