I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (December 2022)
30 slides from I-80 Gold's investor presentation, Dec 12, 2022
Slide 1: Made in the U.S.A.
DECEMBER 2022 MADE IN THE U.S.A. TSX:IAU | NYSE:IAUX
Slide 2: Disclaimer
DISCLAIMER Cautionary StatementRegardingForward LookingInformation Certain statements in this presentation constitute “forward looking statements” or “forward looking information” within the meaning of applicable securities laws, including but not limited to, completion of refurbishment and developm
Slide 3: U.S. Producer
U.S. PRODUCER Premier Growth Company LOW-RISK JURISDICTION (NEVADA) - PERMITTED INFRASTRUCTURE • Nevada is consistently ranked as one 01 Lone Tree: Autoclave, Floatation, Heap Leach, Tailings Facility Ruby Hill: Oxide Plant, Heap Leach of the world’s most favourable jurisdictions for mining • Permit
Slide 4: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS EWAN DOWNIE MATT GILI MATT GOLLAT RYAN SNOW ANDY COLE BRENT KRISTOF President & COO EVP Business & Corporate Chief Financial Officer Senior Mining & Chief Executive Officer Processing Advisor Senior Technical Advisor Development 25+ year
Slide 5: Central Nevada
CENTRAL NEVADA World’s Most Productive Gold District • The Battle Mountain (Getchell) and Carlin Trends collectively represent the world’s most productive gold “district” • Next to Nevada Gold Mines, i-80 is the largest holder of gold resources in the Central Nevada district, targeting to become the
Slide 6: Processing
PROCESSING The Key to Long-Term Success • The acquisition of Lone Tree positions i-80 as one of three companies in Nevada with refractory processing capabilities • Strategically located facility, situated on Interstate 80 and proximal to the Central Nevada Railway 1. See Disclaimer for Notes, Forwar
Slide 7: Fundamentals
FUNDAMENTALS Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) Nevada’s Premier Growth Company • Second only to Nevada Gold Mines for M&I (Moz Au) Inferred (Moz Au) gold resources contained within the Carlin/Battle Mountain Trends 15.2 • Targeting ~20% AuEq resource expansion by t
Slide 8: Fundamentals
Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) FUNDAMENTALS SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) Superior Gold Grades 2.00 1.77 1.52 1.80 1.60 1.38 1.39 1.42 • i-80 Open-pit grades rank among the 1.40 1.20 1.01 1.02 1.11 highest-grade in the US, especia
Slide 9: U.S. Producer
U.S. PRODUCER GRANITE CREEK MINE Peer-Best Production Growth Profile • Four deposits being developed with processing at the Lone Tree facility that RUBY HILL MINE includes an autoclave • Targeting production of >250,000 ounces of gold per year by 2025 • Oxide mineralization is being considered for p
Slide 10: Lone Tree Mine
100% OWNED LONE TREE MINE CORE PROCESSING FACILITY
Slide 11: Lone Tree Mine
LONE TREE MINE • Central Processing Autoclave Facility • Operating Heap Leach • Operating Laboratory Facility • Climate Controlled Warehouse • Core Cutting and Logging Facility • Full Maintenance Shops • Office Complex • Site flotation circuit (1.8Mt/year) 1. See Disclaimer for Notes, Forward-Lookin
Slide 12: Ruby Hill Mine
100% OWNED RUBY HILL MINE ONE OF NEVADA’S LARGEST DEPOSITS
Slide 13: Ruby Hill
Extensive System RUBY DEEPS RUBY HILL Silverlick (Holly) Mines Reported grade: Blackjack 0.23 oz/t Au, 28.7 oz/t Ag, +37% Pb Hilltop Ultimate Optionality BLACKJACK T.L. Mine - Reported grade: • Refractory Gold Underground 0.43 oz/t Au, 11.5 oz/t Ag, HILLTOP 17% Pb, 3% Zn • Oxide Gold Underground • O
Slide 14: Hilltop Zones
Blackjack HILLTOP ZONES HC1427 769.2 g/t Ag iRH22-25 13.9 % Pb 238.8 g/t Ag 12.4 % Zn 9.0 % Pb • Initial program was designed to test 1.0 % Cu 11.0 % Zn - 5.8 m the potential for base metal - 9.4 m mineralization in the vicinity of historic iRH22-54 Homestake drill hole HC1427 that was Lower Hilltop
Slide 15: Hilltop Zones
HILLTOP ZONES iRH22-43* Upper Hilltop 515.3 g/t Ag, 28.9 % Pb & 10.5 % Zn - 28.3 m • Hilltop Upper Zone: Zone iRH22-55 60.2 g/t Au, 908.7 g/t Ag, 15.7 % Pb • Bonanza-grade oxide & semi-massive to & 1.1 % Zn - 10.0 m massive sulphide mineralization iRH22-53 1.9 g/t Au, 631.3 g/t Ag, 33.0 % • Discover
Slide 16: Ruby Hill
RUBY HILL Ruby Deeps / 426 Zone • 2022 drill program focused on defining and expanding mineralization in the Ruby Deeps and 426 Zones • The 426 Zone represents the upper portion of the Ruby Deeps deposit and the first to be accessed from underground • Deposit remains open along strike to the southwe
Slide 17: Ruby Hill
RUBY HILL Ruby Deeps / 426 Zone • Impressive grades and widths – open for expansion to the north, south and east • Excellent rock quality • Multiple zones of alteration and mineralization observed in the southern potion of the deposit • Open for expansion OPEN Underground Mine Development Plan OPEN
Slide 18: Granite Creek Mine
100% OWNED GRANITE CREEK MINE NEVADA’S NEWEST HIGH-GRADE GOLD MINE
Slide 19: Granite Creek
GRANITE CREEK • Located at the Intersection of the Getchell and Battle Mountain Trends immediately South of NGM’s Twin SIGNIFICANT UNDERGROUND AND OPEN PIT Creeks and Turquoise Ridge mining RESOURCES operations Mineral Resources – Underground • NGM interim processing agreement Category Tonnage Au Gr
Slide 20: Granite Creek
GRANITE CREEK OPEN South Pacific Zone • New resource opportunity located immediately below, and to the north of, the current underground workings • High-grade mineralization in multiple fault structures that demonstrate consistency over a strike length of more than 600 metres and a dip length of app
Slide 21: Granite Creek
GRANITE CREEK South Pacific Zone • The SPZ Zone remains completely open at depth and along strike • Grades consistently in excess of 10 g/t Au over expected mine widths • High-grade intercepts in historic hole HPC-175 a further 400 m to the north Summer Camp suggest the potential to extend the (NGM)
Slide 22: Cove Mine
100% OWNED COVE MINE ADVANCED EXPLORATION
Slide 23: McCoy Cove
Mineral Resources2 MCCOY COVE Tonnage Au Grade Ag Grade Gold Silver Advanced Exploration Program (kt) (g/t) (g/t) (koz) (koz) • Current program includes driving a Indicated 1,007 10.9 29.1 351 943 decline and completing underground Inferred 3,867 10.9 20.6 1,353 2,565 drilling (~40,000 m program) in
Slide 24: Environment, Sustainability, Governance
ENVIRONMENT, SUSTAINABILITY, GOVERNANCE i-80 Gold is committed to sustainable development and environmental stewardship during exploration and extraction of mineral resources. As we continue to grow our team and our operations, we prioritize safety and improving the social, economic, and environment
Slide 25: Summary
SUMMARY GROWTH EXECUTING OUR CAPITAL ALLOCATION STRATEGY Organic growth platform with a goal of Executing a plan to grow reserves & Prioritize reserve increases and mine becoming Nevada’s 2nd largest gold resources, production, and cash flow development with minimal share dilution producer with sust
Slide 26: Scorecard Update
GOAL STATUS SCORECARD UPDATE Build Tier-One Management Team Corporate Growth Several key positions secured Secure Finances to Execute Growth ~$101M in cash, cash equivalents & ~$31M in restricted cash as at June 30, 2022 Underway Key Achievements Align with ICMM Principles Lone Tree Complex Firs
Slide 27: Contact Us
CONTACT US 1.866.525.6450 WWW.i80GOLD.COM Ewan Downie Matthew Gili Ryan Snow Matthew Gollat Chief Executive Officer President & COO Chief Financial Officer EVP Corporate & Business Development i-80 GOLD CORP | 27
Slide 28: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 240,368,617 Warrants 17,561,152 Options 7,818,245 RSU’s/DSU’s 634,011 Fully Diluted 274,120,679 *The Company also completed a financing package which includes a $60M convertible loan which bears an interest rate of 8%
Slide 29: Mineral Resources
MINERAL RESOURCES MINERAL RESOURCES1,2,3,4,5,6 Tonnes Au Grade Ag Grade Au Ounces Ag Ounces (kt) (Au g/t) (Ag g/t) (Koz) (Koz) Mineral Resources Attributable to i-80 Gold Corp. upon closing of the Lone Tree Measured and Ruby Hill Arrangements Granite Creek - Open Pit 20,857 1.47 988 Granite Creek -
Slide 30: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS RON CLAYTON EVA BELLISSIMO JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV Chairman Director Director Director Director Director 40+ years exploration, 18+ years legal, 35+ years operational & 22+ years experience in Chartered Professional General Counsel and developm