Slide 1: Galane Presentation
GALANE PRESENTATION May 2021 Website Presentation
Slide 2: Cautionary Statements: Forward-Looking Statements
CAUTIONARY STATEMENTS Forward-Looking Statements Certain statements contained in this presentation constitute “forward-looking statements.” All statements other than statements of historical fact contained in this presentation, including, without limitation, those regarding Galane Gold Ltd.’s (“Gala
Slide 3: Cautionary Statements: Mineral Resources and Technical Information
CAUTIONARY STATEMENTS Mineral Resources and Technical Information For more information regarding the mineral resource figures and technical information set out in this presentation, please refer to: (i) the news release dated March 16, 2021 entitled “Galane Gold Ltd. announces proposed acquisition o
Slide 4: Company Overview
COMPANY OVERVIEW
Slide 5: Producing Assets
PRODUCING ASSETS Mupane Mine REP OF UGANDA KENYA Location North-East District, Botswana THE GABON CONGO DEMOCRATIC REPUBLIC Mine Type Open pit and underground OF THE CONGO (ZAIRE) Mine Life 3+ years TANZANIA M&I Resources 414,374 oz Au Inferred Resources 219,765 oz Au ANGOLA MALAWI ZAMBIA Forecast P
Slide 6: Brownfield Assets
BROWNFIELD ASSETS Summit Mine Location Steeple Rock Mining District Mine Type Underground Mine Life 6+ years M&I Resources 1,404k oz Ag and 26k oz Au Inferred Resources 5,118k oz Ag and 74k oz Au Banner Mill Location Lordsburg, New Mexico Plant Type Crush, Mill and Float Production Capacity 240 tons
Slide 7: Capital Structure
CAPITAL STRUCTURE TSXV:GG OTCQB:GGGOF 1.50% Capital Structure 50.70% Share Price C$0.25 Widely Held Basic Shares Outstanding 314,933,460 Mgmt/Insiders Stock Options1 12,700,000 Ex Galaxy Ownership Deferred Share Units 7,170,046 Breakdown Warrants3 63,077,302 Fully Diluted Shares Outstanding 397,940,
Slide 8: Driving Growth Through Experience
DRIVING GROWTH THROUGH EXPERIENCE Galane Gold Ltd. has one primary objective to reshape the Company into a long-life and low-cost operation that can produce positive returns for investors across commodity cycles by: Optimising current mining, processing and administrative operations to reduce costs
Slide 9: Management Team
MANAGEMENT TEAM Nicholas Brodie | CEO Gavin Vandervegt | Chief Financial Officer Executive with 23 years experience with increasingly Executive with over 15 years experience in mining in senior roles progressively senior roles Previously with Glencore-Katanga Mining (DRC), Metallon Previously with N
Slide 10: Board
BOARD Ravi Sood | Chairman Amar Bhalla | Director / Chair Audit Committee Investor with extensive capital markets experience The President of Capit Investment Corp., a private real Co-Founder and former CEO of Navina Asset Management estate company that owns and manages a portfolio of Inc. (Canada)
Slide 11: Mupane Gold Mines
MUPANE GOLD MINES Botswana
Slide 12: Mupane Gold Mines - Over 750,000 oz Since 2005
MUPANE GOLD MINES - OVER 750,000 OZ SINCE 2005 Historical Operating Results 2011 – IamGold sells to Galane Gold 2015 2016 2017 2018 2019 A non-core, high cost ($1400+), short life (2013) mine owned by IamGold Ore Processed (000 tonnes) 810 908 740 831 733 Corp. Head Grade (g/t Au) 1.29 1.29 1.75 1.9
Slide 13: Mupane Mine: Exploration Potential
MUPANE MINE: EXPLORATION POTENTIAL Tati Greenstone Belt – Exploration Targets Galane owns ~90% of the highly prospective, 1,200 km2 Tati Greenstone Belt area Over 120 exploration targets have been generated from soil geochem and aero- magnetics work carried out $2 million expensed in 2019 and 2020 o
Slide 14: Galaxy Gold Mines
GALAXY GOLD MINES South Africa
Slide 15: Overview of the Galaxy Mine
OVERVIEW OF THE GALAXY MINE Location 8 km west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa 58.6 km2 property is part of the prolific Barberton Greenstone Belt Operating History Gold prospecting dates back to the 1880s, whi
Slide 16: Galaxy Mine: Production and Exploration
GALAXY MINE: PRODUCTION AND EXPLORATION M&I Resources: 970,904 oz Au at average grade of 2.77 g/t Au Excellent potential to Inferred Resources: 1,409,764 oz Au at average grade of 2.62 g/t Au expand gold resources PEA: 43,000 oz per year @ AISC of $747 / oz to over 4.0 million oz Exploration will fo
Slide 17: Galaxy Current Status
GALAXY CURRENT STATUS 2015 – Acquired New 50k tonne In care and maintenance per month mill Galane saw the potential to transition to a low cost mechanized underground being installed operation producing concentrate. 2015-2018 – Optimisation of Plan and funding Designed new 50,000 tonne per month pla
Slide 18: Galaxy Mine: Location
GALAXY MINE: LOCATION Location in the Barberton Greenstone Belt Mining License Detail 3 distinct fault lines 21 Ore bodies Access to all ore bodies through 17L adit Processing plant at 17L adit Adjacent Mines: Mines located 30 km to 50 km from the Galaxy properties Pan African Resources’ Barberton G
Slide 19: Summit Gold Mine
SUMMIT GOLD MINE United States of America
Slide 20: Overview of the Summit Mine
OVERVIEW OF THE SUMMIT MINE(1) Underground Location Workings Located in the Steeple Rock Mining District, within Grant County, New Mexico, USA Property Patented and unpatented mining claims and mining leases covering approximately 4,000 acres Access Two hours east of Tucson, Arizona via state and se
Slide 21: Immediate Restart Project
IMMEDIATE RESTART PROJECT History of the Summit Mine Galane to purchase the Summit Mine and Banner Mill from Pyramid, a wholly owned subsidiary of Waterton Global Resource Management BANNER MILL (“Waterton”) In 2016 Waterton acquired the Summit Mine consisting of: The Summit high-grade, underground
Slide 22: Overview of the Summit Mine - Continued
OVERVIEW OF THE SUMMIT MINE(1) – CONTINUED Mine Access Infrastructure Tailings 1 Based on the Summit Technical Report. See “Cautionary Statements – Summit Technical Report.” 22
Slide 23: 2014 Summit Technical Report Summary
2014 SUMMIT TECHNICAL REPORT SUMMARY(1) The Summit Technical Report suggested that mine plan was economic at US$1,200/oz Au and US$20/oz Ag (currently trading >US$1,700/oz Au) The Summit Technical Report discloses a production rate of 144,000 tpa and average annual production rates of 16 koz Au and
Slide 24: Exploration Upside
EXPLORATION UPSIDE(1) No material exploration has taken place on the property since 1992 as the previous owners were Excellent potential to undercapitalized and did not engage in exploration activities expand gold resource Waterton increased the land package for further exploration upside potential
Slide 25: Summary
SUMMARY
Slide 26: Reasons to Invest
REASONS TO INVEST Low cost production growth from Galaxy and Summit Highly experienced Operating improvements management team at the Mupane Mine Re-rating potential Substantial and leverage to exploration upside rising gold prices 26
Slide 27: Contact Information
CONTACT INFORMATION Ravi Sood CHAIRMAN ravi@galanegold.com +1 647 987 7663 Nick Brodie CHIEF EXECUTIVE OFFICER nick.brodie@galanegold.com +44 7905089878 Investor Relations investors@galanegold.com +44 7905089878 27