Galiano Gold, Inc. · TSX:GAU
Galiano Gold — H.C. Wainwright Spring Mining Conference 2021
21 slides from Galiano Gold's conference presentation, Apr 19, 2021
Slide 1: Creating a Sustainable Business
CREATING A SUSTAINABLE BUSINESS H.C. Wainwright Spring Mining Conference April 18-19 2021 TSX, NYSE AMERICAN: GAU 1
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION Cautionary Note Regarding Forward-Looking Statements Certain statements and information contained in this presentation constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of app
Slide 3: Galiano at a Glance
GALIANO AT A GLANCE Asumura Key Information Project Ahafo, Newmont (100% GAU) Asanko Gold Mine Early-Stage Joint Venture(5) Exploration Basic shares outstanding(1) 224.6m Chirano, Kinross Akyem, Newmont Obuasi, AngloGold Ashanti Corporate cash & receivables(2) $65.0m Edikan, Perseus Damang, Gold Fie
Slide 4: Share Performance in 2021
SHARE PERFORMANCE IN 2021 Share Performance for 2021(1) GAU has outperformed Gold and the GDXJ to date in 2021 130 GAU GDXJ Gold ($/oz) • Solid 2020 operational and financial results: • 249,904oz of gold produced at $1,115/oz AISC(2) 120 • $70 million in free cash flow(2,3) • Exploration success 110
Slide 5: Responsible Business Conduct
RESPONSIBLE BUSINESS CONDUCT ENVIRONMENT SOCIAL GOVERNANCE Limiting environmental impact Engaging with local communities Maintaining sound corporate and remediating any disturbances: to create self-sustaining legacies: governance and ethical business: • Maximizing energy efficiency • Improving healt
Slide 6: Steady Production at the AGM
STEADY PRODUCTION AT THE AGM(1) AGM JV (100%) – Mill Throughput and Grade • Q1 2021: kt g/t 1.6 • 62,295 oz of gold sold for total revenue of $110.6M 1,800 1.5 1.4 1.5 1.6 1,600 1.4 1.4 • Processed 1.4Mt or ore at 1.4 g/t gold 1,400 1,638 1,439 1,460 1,467 1,438 1,444 1.2 1,400 1,200 • 95% gold reco
Slide 7: Strong Cashflow Asanko Gold Mine
STRONG CASHFLOW ASANKO GOLD MINE (AGM JV) (100%) AGM JV (100%) – Cash Flow from Operations(2) US$ ‘000s • 2019: $44m free cash flow(1) Strong 48,000 • 2020: $70m free cash flow(1) 48,829 Cash Flow 45,570 45,440 47,997 • Distributing cash to JV Partners Generation 36,000 36,970 • H2 2019 = $10M/quart
Slide 8: 2020 Exploration Success
2020 EXPLORATION SUCCESS • The AGM covers a 21,300-hectare land package • Over 40,000 meters drilled in 2020, focusing on four targets: • Abore, infill drilling focused in the main pit area, mineralization is open along strike. Highlights: • Hole 029: 28m @ 4.9 g/t (from 75m) • Hole 024: 6m @ 24.3 g
Slide 9: Miradani
MIRADANI • Focus in 2020 on Miradani North: Miradani • 55 holes of over 16,000 meters of RC and diamond drilling North • Infill drilling completed to 40 x 40m spacing • Maiden resource is expected in Q3 2021 • Fully permitted, engineering underway to add to the mine plan in 2022/23 • 2021 program st
Slide 10: Nkran Cut 3 – Opportunity
NKRAN CUT 3 – OPPORTUNITY • Mining from Cut 2 finished in mid-2020, next phase of Nkran will be Cut 3 • Technical Report1 envisioned commencement of stripping in late 2022 • Recent drilling success has shown significant intercepts below the previously proposed Nkran Cut 3 grade shell • Previously 9.
Slide 11: Summary – Creating Shareholder Value
SUMMARY – CREATING SHAREHOLDER VALUE Clear strategy Exploration Cost reduction Refreshed brand, Building on a strong focused on opportunity on under- underway to drive Board and ESG foundation generating FCF and explored costs down by Management maintaining solid land package of over ~$100/oz balanc
Slide 12: Appendices
APPENDICES 12 12
Slide 13: Miradani North
MIRADANI NORTH • 2019 Drilling (April 2019 press release) • Tested the target along a 320m strike length • Identified encouraging widths of mineralization • Hole 008: 74m @ 1.9 g/t (from 185m) • Hole 009: 57m @ 3.0 g/t (from 99m) • Phase 2 Drilling (November 2020 press release) • Tested mineralizati
Slide 14: Appendix A: Nkran Cut 3 – Overview
APPENDIX A: NKRAN CUT 3 – OVERVIEW • Nkran has been the main source of ore at the AGM since the • Opportunity to optimize Nkran Cut 3 and improve the start of operations economics relative to the Technical Report • Mining from Cut 2 finished in mid-2020, next phase • ~8,000 oz per vertical metre pro
Slide 15: Appendix A - Q4 and FY 2020 Operational and Financial Performance
APPENDIX A - Q4 AND FY 2020 OPERATIONAL AND FINANCIAL PERFORMANCE Three months ended December 31 Year ended December 31 Asanko Gold Mine (100% basis) 2020 2019 2020 2019 Ore mined (‘000t) 1,964 1,405 6,193 5,071 Waste mined (‘000t) 11,773 4,956 38,272 25,719 Total mined (‘000t) 13,737 6,361 44,465 3
Slide 16: Appendix B - Footnotes
APPENDIX B - FOOTNOTES Note 1: Guidance projections used in this document (“Guidance”) are considered “forward-looking statements” and represent management’s good faith estimates or expectations of future production results as of the date hereof. Guidance is based upon certain assumptions, including
Slide 17: Appendix B – Footnotes Cont'd
APPENDIX B – FOOTNOTES CONT’D Three months ended(1) (in thousands of US dollars except per ounce amounts) Dec.31, Sept. 30, Jun. 30, Mar. 31, Dec. 31, Sept. 30, Jun. 30, Mar. 31, 2020 2020 2020 2020 2019 2019 2019 2019 Total cash costs 54,128 67,133 49,536 45,859 57,044 54,920 48,042 50,386 General
Slide 18: Appendix C - Cautionary Note
APPENDIX C - CAUTIONARY NOTE Cautionary Note to United States Investors Regarding Mineral Reporting Standards: As a British Columbia corporation and a "reporting issuer" under Canadian securities laws, the Company is required to provide disclosure regarding its mineral properties, including the AGM,
Slide 19: Appendix C – Mineral Resource & Mineral Reserve Estimate
APPENDIX C – MINERAL RESOURCE & MINERAL RESERVE ESTIMATE Mineral Resource Estimate as at December 31, 2019 Measured Indicated Measured & Indicated Total Inferred Deposit Tonnes Au Grade Au Tonnes Au Grade Au Tonnes Au Grade Au Tonnes Au Grade Au (Mt) (g/t) Content (Mt) (g/t) Content (Mt) (g/t) Conte
Slide 20: Appendix C Cont'd – Mineral Resource & Mineral Reserve Estimate
APPENDIX C CONT’D – MINERAL RESOURCE & MINERAL RESERVE ESTIMATE Mineral Reserve Estimate as at December 31, 2019 Proven Probable Proven & Probable Total Deposit Tonnes Au Grade Au Tonnes Au Grade Au Tonnes Au Grade Au (Mt) (g/t) Content (Mt) (g/t) Content (Mt) (g/t) Content (koz) (koz) (koz) Nkran 1
Slide 21: Contact Us
CONTACT US Peter Lekich VP, Investor Relations N. American Toll-Free: 1-855-246-7341 Email: info@galianogold.com 21 21
Galiano Gold — H.C. Wainwright Spring Mining Conference 2021 on 6ix