Soma Gold Corp. · TSXV:SOMA
Soma Gold — Investor Presentation (April 2025)
27 slides from Soma Gold's investor presentation, Apr 7, 2025
Slide 1: Growing Gold Producer in Colombia – Corporate Presentation
Growing Gold Producer in Colombia Corporate Presentation April 7, 2025
Slide 2: Legal Disclaimer
Legal Disclaimer T S X V : S O M A / / O TC Q B : S M A G F Statement by Qualified Persons Some statements herein contain forward-looking information. These statements include, but are not limited to, statements with respect to the expected benefits from having a management team seeking to aggressiv
Slide 3: 2024 Financial Highlights
2024 Financial Highlights T S X V : S O M A / / O TC Q B : S M A G F 2024 Sales Volume Q3 YTD 2024 Revenue 27,668 ounces AuEq $ 64.44 million Q3 YTD 2024 EBITDA Adjusted Q3 YTD EBITDA per share Adjusted $ 23.01 million $0.25 Q3 YTD 2024 Net Income Adjusted Q3 YTD 2024 Net Income per share Adjusted $
Slide 4: Executive Summary
T S X V : S O M A / / O TC Q B : S M A G F Executive Summary ➢ Gold producer with over 410 km2 District Scale property next to Aris Mining (ARIS TSX) 5.5M ounces Segovia deposit 2024 Production >27,460 ounces Forecasted Adjusted EBITDA C$35 M ➢ Ongoing exploration program funded by free cash flow fo
Slide 5: Colombia – Excellent Mining Jurisdiction
T S X V : S O M A / / O TC Q B : S M A G F Colombia – Excellent Mining Jurisdiction ➢ Soma’s properties are located in a prolific jurisdiction with multiple unexplored targets ➢ Soma’s property is on-trend with the 5.5- million-ounce Segovia Mine and the 6.0- million-ounce Gramalote deposit ➢ Antioq
Slide 6: District Scale Property
District Scale Property T S X V : S O M A / / O TC Q B : S M A G F Mineral rights concessions of approximately 41,000 Ha (410 sq. km) extend over more than 100 km along the prolific OTU fault. These concessions are adjacent to and on-trend with the Segovia Mine (Aris Mining Corp TSX:ARIS), which hol
Slide 7: Cordero Mine
Cordero Mine T S X V : S O M A / / O TC Q B : S M A G F ➢ Current Mill Production of 450 - 475 TPD ➢ Average life-of-mine diluted head grade of 6.4 gpt ➢ Mining method “Raised Stope” to limit high-grade veins dilution ➢ Targeting 25-30,000 ounces per year from development of 6-8 working faces. ➢ Dri
Slide 8: Re-defining Upper Cordero
Re-defining Upper Cordero T S X V : S O M A / / O TC Q B : S M A G F ➢ New interpretation of the “en-echelon” vein structure ➢ New structure on the back side of a dike ➢ High grade in good width veins ➢ In close proximity to existing underground infrastructure ➢ Adding resource to the model ➢ Expect
Slide 9: Venus Gap
Venus Gap T S X V : S O M A / / O TC Q B : S M A G F ➢ Infill drilling has added resource where original model had a barren gap ➢ Veins have a good width and high-grade ➢ Results Highlights: • 5.2m at 16.1g/t Au • 3.3m at 28.3g/t Au • 1m at 12.5g/t Au • 1m at 11.2g/t Au • 7.55m at 13.9g/t Au • 3.5m
Slide 10: Cordero Deposit Modelling
Cordero Deposit Modelling T S X V : S O M A / / O TC Q B : S M A G F ➢ A cross-section through Cordero South “en echelon” veins ➢ The cross-section highlights that the veins are “en echelon’ both along strike and down dip ➢ Updated modelling protocols ➢ Vein orientation constraints ➢ Each drill inte
Slide 11: El Bagre Mill Complex
El Bagre Mill Complex T S X V : S O M A / / O TC Q B : S M A G F ➢ 450 TPD Capacity ➢ Crushing, grinding, gravity, floatation, cyanide leach, Merrill Crowe and smelting to doré ➢ Fully permitted to expand to 1,000 TPD ➢ Powered by renewable hydropower generated on- site ➢ Backup generators installed
Slide 12: El Limon Mill
El Limon Mill T S X V : S O M A / / O TC Q B : S M A G F ➢ 225 TPD capacity currently being rehabilitated with re- start in Q1 2025 ➢ Fully permitted to 400 TPD ➢ RPP License from Government of Colombia ➢ Located 15 km south of el Bagre in town of Zaragoza ➢ Close to the Machuca Mine April 7, 2025 w
Slide 13: Parallel Vein at el Limon
Parallel Vein at el Limon T S X V : S O M A / / O TC Q B : S M A G F Plan View geomodel Section view A Second 0.3 m @ A B vein to 23.9 gpt mine ➢ Parallel structure to the el Limon vein Two intercepts: 1.0 m ➢ 50 meters to the west with an en echelon orientation @30.2 gpt and 1.0 m ➢ El Limon produc
Slide 14: Nechi Deposit
Nechi Deposit T S X V : S O M A / / O TC Q B : S M A G F Nechi Deposit ➢ Located 60 km North of the El Bagre Gold Complex ➢ Hosted in the same Batholith host rock as the Segovia Mine 60 km (5.5M oz Au) ➢ 2019 NI 43-1010 Resource Estimate of 128,000 Ounces with an expectation that it will grow to ove
Slide 15: Nechi Deposit
Nechi Deposit T S X V : S O M A / / O TC Q B : S M A G F Mine plan submitted for permit ➢ 42,000 m of DDH drilling already completed ➢ 2,300 m of decline and underground development a l rea dy built ➢ 200-250 TPD production planned for 2026, with the ore to be milled at El Bagre and El Limon mills ➢
Slide 16: Machuca Deposit
Machuca Deposit T S X V : S O M A / / O TC Q B : S M A G F ➢ Located 10 km south of the el Limon Mill ➢ Paved road to el Limon and el Bagre mills ➢ High-grade intercepts and channel samples with grades exceeding 25 gpt ➢ Drill program on-going ➢ Fully-permitted mine that requires limited capex to pu
Slide 17: Multiple Additional Exploration Targets
Multiple Additional Exploration Targets T S X V : S O M A / / O TC Q B : S M A G F Psyche 2 Target Soil Anomalies ➢ $4 million per year program ➢ 20K meters of DDH per year ➢ Multiple targets identified through surface sampling and artisanal mining ➢ Geophysical and LIDAR surveys planned for H2 ➢ 10
Slide 18: Production history and forecast
Production history and forecast T S X V : S O M A / / O TC Q B : S M A G F Production Forecasted AuEq Production Totals (oz 16,168 17,170 20,484 23,800 27,460 32,082 35,593 46,274 57,729 74,417 72,104 72,104 Au): 80,000 Forecasted 70,000 60,000 50,000 40,000 30,000 20,000 10,000 - * Forecasted based
Slide 19: Financial performance for Q3 2024
Financial performance for Q3 2024 T S X V : S O M A / / O TC Q B : S M A G F Highlights of the Q3 performance ➢ Soma sold 20,845 AuEq ounces YTD to Q3-2024 ➢ Revenue for the quarter remained unchanged from the same period in 2023 at $22.4 million ➢ EBITDA was $9.14 million for the quarter, up from $
Slide 20: Seasoned and Proven Senior Management
Seasoned and Proven Senior Management GEOFF HAMPSON MARK BREN CHAIRMAN AND CEO VP OPERATIONS Founded and financed multiple private and public companies since 1979 Mr. Bren has 35+ years of experience in technical and operational roles in surface and with a total deal value of over $700 MM, including
Slide 21: Board of Directors
T S X V : S O M A / / O TC Q B : S M A G F Board of Directors GEOFF HAMPSON IOANNIS TSITOS INDEPENDENT DIRECTOR EXECUTIVE CHAIRMAN Founded and financed multiple private and public 19 years with BHP Billiton, the last 9 as senior BD manager for companies since 1979 with a total deal value of over exp
Slide 22: Value Creation Goals 2024-2027
T S X V : S O M A / / O TC Q B : S M A G F Value Creation Goals 2024-2027 Increase Resource Expand Milling Capacity Increase production 1. Increase resource at Cordero 1. Restart the Limon Mill to 1. Increase gold production to 37- through exploration to >500,000 increase total milling capacity to 3
Slide 23: Environmental, Social and Governance
Environmental, Social and Governance T S X V : S O M A / / O TC Q B : S M A G F Environmental ➢ Formalizing small miners eliminates the use of mercury ➢ Sustainable and renewable source of power from on-site hydro plant. ➢ Soma plants 5,000+ trees per year with the support of the local community ➢ A
Slide 24: Worker Health and Safety
Worker Health and Safety T S X V : S O M A / / O TC Q B : S M A G F ➢ Management and the Board take worker safety very seriously ➢ Implemented North American safety standards ➢ The focus on safety and training has dramatically reduced incidents April 7, 2025 www.somagoldcorp.com 24
Slide 25: Colombia Country Risk
Colombia Country Risk T S X V : S O M A / / O TC Q B : S M A G F ➢ President Petro’s Leftist agenda stalled by Centrist Legislature ➢ No change to the 5% foreign dividend withholding tax ➢ Soma exceeds compliance for environmental and social issues (won an award) ➢ Underground mining is not a target
Slide 26: Summary
Summary T S X V : S O M A / / O TC Q B : S M A G F Trading at 1.5 X Forecasted 2024 EBITDA to Market Cap Producing and Profitable mine Large District Scale, Highly Prospective Land Holdings in Prolific A ntioquia State, Colombia Projected YE 2024 AISC of $1,800 USD per ounce running at 650 TPD capac
Slide 27: Contact
CONTACT Geoff Hampson CEO +1 312-420-0690 geoff@somagoldcorp.com Jean-Francois Meilleur TSXV:SOMA // OTCQX:SMAGF VP Capital Markets +1 514 951-2730 jean-francois@somagoldcorp.com Suite 1500, 409 Granville Street Vancouver, BC, Canada V6C 1T2 IN F O @ S O M A G O L D C O R P . C O M +1-604-259-0302 A