Slide 1: Building Alaska's Next Gold Mines – Corporate Presentation
NYSE-A: CTGO BUILDING ALASKA’S NEXT GOLD MINES March 2024 Corporate Presentation Exhibit 99.1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The Feasibility Study (“FS”) referenced herein that relates to Peak Gold, LLC (“Peak Gold”), was prepared by Kinross Gold Corporation (“Kinross”), which controls the Manager of Peak Gold and holds 70% of its outstanding membership interests, in accordance with Canadian Nati
Slide 3: Investment Highlights
Alaska considered one of the top 10 jurisdictions in the world for mining investments1 Manh Choh Mine - One of the world’s highest grade open pit gold mines (8 g/t expected average grade) We believe the following factors significantly de-risk the Manh Choh project: Agreement in place with Tetlin Ala
Slide 4: Alaska's Golden Triangle – Developing Alaska's Next Gold Mines
Lucky Shot Mine – Initial Resource 100% owned Exploring historic high-grade gold mine Permitted for mining 106,000 Oz Indicated Resource grading 14.5 g/t Au Reserves/Resources Exploration Stage Fort Knox Mill Developing Alaska’s Next Gold Mines Manh Choh Mine – Mining and Stockpiling Ore Underway Pa
Slide 5: Capital Structure
Institutional Retail / Others Directors & Officers (Insiders) TRADING - NYSE AMERICAN: CTGO1 90-Day Avg. Daily Volume 34,286 shares per day 52-week range US$14.03 - $33.67 Market Cap $200 M *Russell 3000 Inclusion - June 26, 2023 CAPITAL STRUCTURE2 Issued & Outstanding 9.6 M Warrants 0.4 M Options 0
Slide 6: Manh Choh Update – Groundbreaking Ceremony Mining Operations Initiated
Manh Choh Update – Groundbreaking Ceremony Mining Operations Initiated
Slide 7: Manh Choh Update – Mining Underway
Manh Choh Update – Mining Underway
Slide 8: Ahead of Schedule and Still On Budget
Ahead of Schedule and Still On Budget
Slide 9: Ore Stockpiling at Fort Knox Underway
Loading and Weighing Manh Choh Ore and then transporting Fort Knox stockpile site – processing to begin in 2024 Ore Stockpiling at Fort Knox Underway
Slide 10: Mill Modifications at Fort Knox Completed
Completed Completed Mill Modifications at Fort Knox Completed
Slide 11: Model Assumptions per Contango Manh Choh SK 1300 Report
Using existing infrastructure at Fort Knox, Peak Gold is planning on a H2 2024 start date Production estimate of 914,000 GEO over a 4.5-years equating to roughly 225,000 gold equivalent ounces (“GEO”) per annum (30% to Contango Ore = +274,000 GEO or 67,500 GEO/Yr)1 Average processed grades expected
Slide 12: Manh Choh Development Timeline
DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PRODUCTION DETAILED DESIGN PROCUREMENT CONSTRUCTION Approximately $19 M program in 2021 which included resource in-fill, hydrology, geotechnical, metallurgical engineering; environment and community outreach Tetlin Tribe indicates their support for the
Slide 13: Illustrative Economics at Select Gold Prices
Illustrative Economics at Select Gold Prices1 At gold spot price ($1,920/Ounce) as of July 10, 2023 $129 M+ of annual revenue $54 M+ of annual cash flow 1 See Contango’s SK1300 Manh Choh Technical Report Press Release dated May 26, 2023; Initial capex reflects the Kinross feasibility study reported
Slide 14: $4.7 Million Exploration Program Budgeted for 2024
Main MC North MC $4.7 Million Exploration Program Budgeted for 2024 Continued exploration drilling for new resources in Chief Danny area Further evaluation of 685,000 acre Manh Choh project Follow-up regional stream sediment sampling anomalies Trenching Continued geologic mapping Follow-up on detail
Slide 15: Tintina Gold Belt: >100 Million Ounce Gold Endowment
1 Hart, C.J.R., 2005. Mid-Cretaceous Magmatic Evolution and Intrusion-related Metallogeny of the Tintina Gold Province, Yukon and Alaska. Unpublished PhD thesis, University of Western Australia, 198 p. 1 Early-Stage Exploration Projects (100% owned) Eagle-Hona Triple Z Shamrock Current focus on Luck
Slide 16: Lucky Shot Vein: Overview
Coleman Adit Lucky Shot “500” Adit War Baby Adit Looking NNE Enserch Tunnel Lucky Shot Vein è 15.6 g/t Au = ½ Oz/ton Au1 è +1 mile (1.6 km) strike length and open along strike and down dip See https://www.contangoore.com/press-release/contango-ore-issues-initial-s-k-1300-resource-technical-report-su
Slide 17: Lucky Shot Mineral Resource Estimate
Classification Tonnes Au Grade (g/t) Au Ounces Measured - - - Indicated 190,092 15.6 95,036 TOTAL 190,092 15.6 95,036 Inferred 74,265 9.9 23,642 Classification Tonnes Au Grade Au Ounces (g/t) Measured - - - Indicated 36,871 8.9 10,584 TOTAL 36,871 8.9 10,584 Inferred 7,793 5.9 1,468 Coleman Lucky Sh
Slide 18: Coleman Segment of Lucky Shot Vein: Infill and Expand Resource
Coleman Segment of Lucky Shot Vein: Infill and Expand Resource Large multi-drill hole pad established Drill on Deck and drilling away end of August
Slide 19: Coleman Segment of Lucky Shot Vein: Infill and Expand Resource
? Coleman Segment of Lucky Shot Vein: Infill and Expand Resource Objectives: Upgrade 100,000 Oz Indicated Resource to Measured category Increase M&I resource to 150,000 Oz Evaluate mine optimization from Enserch Tunnel Assess continued exploration opportunities Classification Tonnes Au Grade (g/t) A
Slide 20: Lucky Shot Vein: Exploration Open Along Strike and Down Dip
Oblique View of Lucky Shot Segment – Looking NE Lucky Shot Vein: Exploration Open Along Strike and Down Dip Classification Tonnes Au Grade Au Ounces (g/t) Measured - - - Indicated 36,871 8.9 10,584 TOTAL 36,871 8.9 10,584 Inferred 7,793 5.9 1,468 Lucky Shot Segment of Lucky Shot Vein
Slide 21: Planned In-Fill Drill Program and Exploration Objectives
Planned In-Fill Drill Program for 15-20 Meter spacing Looking Southwest Lucky Shot Vein: 300,000 to 400,000 oz Potential Hangingwall Drilling Objective: Define 100,000 to 150,000 oz Indicated Resource Exploration Drill Program Objectives Coleman Drilling – 120,000 to 150,000 oz (M&I) Footwall Drilli
Slide 22: Corporate Strategy: The Lassonde Curve
Corporate Strategy The Lassonde Curve - The Challenge…..and the Opportunity Time
Slide 23: Corporate Strategy: Target Acquisitions to Focus On
Corporate Strategy The Lassonde Curve - The Challenge..…and the Opportunity Contango Value TargetCo Value Target Acquisitions to focus on: Quality Ounces è brings leverage to gold price Mining friendly jurisdictions è can be permitted Existing infrastructure Potential for DSO* and/or to use under-ut
Slide 24: Thank You
THANK YOU Corporate Inquires: info@contangoore.com +1-907-888-4273 www.contangoore.com Twitter: @orecontango LinkedIn: Contango ORE Instagram: ContangoORE Facebook: Contango ORE
Slide 25: Non-GAAP Measures Notice
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA, which are financial measures not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimated AISC, resourc