Scorpio Gold Corporation · TSXV:SGLD
Scorpio Gold — Investor Presentation (2024)
23 slides from Scorpio Gold's investor presentation, 2024
Slide 1: A New Approach to Established Assets with a Rapid Path to Production
GOLD CORPORATION ~, A New Froarseteh to Established Assets with a Rapid Path to Production Unlocking Gold Potential in Nevada TSX.V: SGN OTCQB: SRCRF FSE:RY9 scorpiogold.com Fall 2024
Slide 2: Forward-looking statements and cautionary notes
Except for the statements of historical fact, the information contained herein is of a forward looking nature such forward looking information Involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the company to be materia
Slide 3: Tier One jurisdiction and immediate value extraction
Targeting a multi-million-ounce, late- Tier One jurisdiction, unmatched in terms of stage exploration project. grade and scale in the district. Immediate value extraction with Mineral Infrastructure, infrastructure, infrastructure, Ridge. a fully permitted mine with water rights.
Slide 4: Management and board
Mr. Funk has over 14 years of industry experience for major and junior mining and companies Zayn Kalyan is an experienced investment banker and business development executive. including Newcrest Mining and Evrim Resources. Charles is a geologist specializing in Starting his career as a software engi
Slide 5: Directors and technical advisors
Chris Zerga has been with Scorpio Gold since its inception in 2009 and was the General Manager Mr. Townsend has extensive experience in corporate finance spanning over 25 years and 30 for the Company’s Mineral Ridge and Goldwedge projects. He was also President of Scorpio Gold years in Capital Marke
Slide 6: Capital structure and financings
Basic Outstanding 50,459,167 February 2024 Financing $0.15 $6,000,000 40,000,000 Recent Debt Settlement $0.24 18,950,411 October 2024 Financing $0.12 $2,503,040 20,858,666 Total $8,503,040 130,268,244 Altus Gold Private Financing Warrants $0.25 $3,000,000 12,000,000 RTO Concurrent Financing Warrants
Slide 7: Company history and milestones
2010-2018 2019 2021 2023 Scorpio operates Mineral Ridge heap leach Scorpio completes 100% acquisition of Mineral Scorpio acquires 100% interest in 4,300 acre Scorpio enters into LOI with Altus Gold mine, produces 292,798 Au oz at 1.5 g/t Au Ridge Mine, with successful buyout of senior Manhattan Mine
Slide 8: Asset overview: Manhattan, Mineral Ridge, North Star
A high-grade open-pit gold zone that Mineral Ridge: Permitted mine, significant has already been drilled, indicating infrastructure and past production with that a significant resource is established resource and good gold grades but forthcoming, which holds re-rate challenging metallurgy. potential
Slide 9: Ultimate target of greater than 2M oz Au open pit
Manhattan has had over 100,000 meters of drilling historically, across 1,100 drill holes, by Echo Bay Mines and Kinross. Scorpio believes the Echo Bay West Pit and Goldwedge Underground Mine have the potential to be a single body of mineralization and drilling between these deposits returned signifi
Slide 10: Manhattan district history and land position
Mining in the Manhattan District dates to the 19th century. Reliance Mine Combined placer and underground production is estimated at 640K oz gold. The Reliance Mine produced ~59K tons grading Manhattan Mine 12.3 g/t gold from 1932-1941. East & West Pits The Manhattan Mine East & West pits produced ~
Slide 11: Goldwedge and Manhattan properties
Round Mountain +15 million oz. gold Situated on the southern periphery of the Manhattan Caldera, approximately 16 km south of the +15 M oz Round Mountain Mine. 6,071-acre property encompasses the Goldwedge Underground Mine, the recently acquired Kinross Manhattan properties with TWO past producing g
Slide 12: Manhattan District gold assay highlights from 2024 drilling
24MN-004 2.10 3.4 1.08 1.4 24MN-005 0.49 8.2 0.45 8.8 0.50 18.3 24MN-006 5.50 1.5 2.86 3.0 2.78 4.4 24MN-007 0.43 4.0 0.74 2.4 6.08 9.4 63.70 1.0 0.60 5.2 MWRC22-003 27.16 16.80 145.74 3.10 MWRC22-021 3.98 41.20 1.75 13.70 Table 1: Manhattan District gold assay highlights from 2024 drilling campaign
Slide 13: Historic drill intercepts
GWUG21-015 50.20 5.60 including 260.90 0.90 GWUG20-001 12.47 7.60 Including 53.49 1.52 GWUG20-001A 9.02 7.40 GWUG20-001A 13.06 1.60 MWRC22-003 27.16 16.80 Including 145.74 3.10 MWRC22-011 26.62 1.50 MWRC22-018 4.90 22.90 Including 38.76 1.50 MWRC22-014 3.53 7.60 Including 14.58 1.50 MWRC22-021 3.98
Slide 14: Manhattan Mineralization: Long Section
SCORPIO. Manhattan Mineralization ae Bridging The Gap Manhattan Long Section B-B’ Au_gpt Au Grade Shells Looking Northeast, Grid Spacing = 750 ft, Section Thickness = 500 ft +7500 East Pit ‘Bt Gold Wedge UG Phonge Azimuth 064 TSX.V: SGN OTCQB: SRCRF FSE: RYO scorpiogold.com
Slide 15: Manhattan Mineralization: Plan View and Cross Section
Manhattan Mineralization Bridging The Gap SCORPIO. SOLD CORPORATION Ta" Manhattan Au Grade Shells Plan View, Grid Spacing = 2,000 ft *8840"'Au_gpt | West Pit Cross Section A-A’ Au Grade Shells Looking Northwest, Grid Spacing = 300 ft, Section Thickness = 100m Gold Wedge UG [+378000 E TSX.\V: SGN OTC
Slide 16: Upcoming catalysts and exploration program
Financing: Scorpio Closes $6M Drill/Exploration Program: Begin Receive 2024 exploration program Announce Maiden Resource at Private Placement and exploration program at Manhattan. drill results. (November 2024) Manhattan. Amalgamation with Altus Gold, consolidating Mineral Ridge Beginning preliminar
Slide 17: Mineral Ridge past production and exploration potential
Considerable mining infrastructure, High-grade mineralization across North Considerable exploration potential on both Scorpio holds valuable water rights 1m+ oz Au with full permitting and licenses Star Target and North Spring with Mineral Ridge, North Star Target, and North in the region. One of th
Slide 18: Mineral Ridge feasibility study
Gold Price $1,200 US Construction Period 1 Year(s) Operating Period 7.5 Year(s) Leach Pad Material Milled 6,855 Kilotons Average Lech Pad Gold Grade 0.53 g/pt ROM Material Milled 3,712 Kilotons ROM Material Gold Rate 1.31 g/pt • Positive feasibility study to recover 250,500 oz Au over 7.5 years util
Slide 19: Mineral Ridge exploration plan
Conduct geologic mapping of the entire 17km2 of Mineral Ridge. Focus on North Star Target with potential for varied geology, alongside drilling inside current mine gates. Based upon results of exploration look at various production scenarios.
Slide 20: TSX.V: SGN FSE: RYO scorpiogold.com
TSX.V: SGN OTCQB: SRCRF FSE: RYO scorpiogold.com
Slide 21: Mineral Ridge Infrastructure
SCORPIO. Mineral Ridge Infrastructure TSX.V: SGN OTCQB: SRCRF FSE: RYO scorpiogold.com
Slide 22: Tier One jurisdiction and immediate value extraction
Targeting a multi-million-ounce, late- Tier One jurisdiction, unmatched in terms of stage exploration project. grade and scale in the district. Immediate value extraction with Mineral Infrastructure, infrastructure, infrastructure, Ridge. a fully permitted mine with water rights.
Slide 23: Zayn Kalyan, CEO
Zayn Kalyan, CEO zayn@scorpiogold.com