Canagold Resources Ltd · TSX:CCM
Canagold Resources — Investor Presentation (October 2023)
26 slides from Canagold Resources's investor presentation, October 2023
Slide 1: Advancing Western Canada's Highest Grade Gold Project to Feasibility & Permitting
Advancing Western Canada’s Highest Grade Gold Project to Feasibility & Permitting CORPORATE PRESENTATION Q4 2023 | TSX: CCM | OTC: CRCUF 1
Slide 2: Disclaimer
Disclaimer Certain statements contained herein regarding the inherent in the estimation of mineral reserves and resources, Company and its operations constitute “forward-looking fluctuations in the costs of goods and services, problems statements” within the meaning of the United States associated w
Slide 3: Why Invest in Canagold?
Why Invest in Canagold? Advancing Excellent Relative Major Shareholder New Polaris to Company Led by Strong Local Valuation Upside Support Feasibility with Experienced Management & Board Support Potential Permitting Feasibility and Strong Financial Engagement with EV per Global Permitting in Geologi
Slide 4: Investor Information
Investor Information TSX OTCQB FRA CCM CRCUF CANA SHARES OUTSTANDING WARRANTS OPTIONS 157.8 M 638 K exp. 10/2023 900 K RECENT SHARE PRICE CURRENT MARKET CAP DSU /RSU C$0.23 C$36.3 M 1.5 M/1.6 M ONE YEAR CHART Oct. 10, 2023 | Source: QuoteMedia Top Shareholders: Sun Valley Investments (43%), Ruffer G
Slide 5: Experienced Management
Experienced Management Catalin Kilofliski Mike Doyle Garry Biles M.Sc, M.Eng P. Eng. CEO Chief Technical President & COO Officer 25+ years of leadership and extensive expertise Geologist and engineer with over 35 years global Engineer with 40+ years experience.16 years as in mining, senior managemen
Slide 6: Board of Directors
Board of Directors Director, Chair Director Director Sofia Bianchi Dr. Carmen Letton Andrew Trow BA PhD B. Comm. 13 years of board experience in multiple private “100 Global Inspirational Women in Mining.” P. Eng. with 35 Chartered Accountant with 15 years in financial and public companies. Former C
Slide 7: Core Assets
Core Assets BRITISH COLUMBIA New Polaris, BC 100% owned New Polaris Gold Mine in northwestern BC NEVADA Portfolio including 100% owned Fondaway Canyon Vancouver, BC Gold Project (optioned to Getchell) Fondaway, NV 7
Slide 8: New Polaris Advanced High Grade Gold Mine Project
NEW POLARIS Advanced High Grade Gold Mine Project • Production History - 232,000 oz from 1938-42, 1946-51 • Current resources 1.1 M oz Au indicated * (see Resource slide 10) • High Grade - average 11.6 gpt gold • Robust Economics at $1,500 gold (May 2020 PEA): After-tax IRR 56%, NPV US$333M, Payback
Slide 9: New Polaris Location and Access
NEW POLARIS Location and Access LOCATION Northwestern BC, 60 km NE of Juneau, Alaska and 100 km south of Atlin, BC within the Taku River Tlingit First Nation traditional territory – 250 km by road from Atlin to Skagway Port, Alaska INFRASTRUCTURE 1,500 ft airstrip, barge access to tidewater, 20 pers
Slide 10: New Polaris High Grade Gold Resources
NEW POLARIS High Grade Gold Resources New Polaris - Resource Estimate, effective date: April 20, 2023 and Comparison to 2019 PEA • 2021-22 drill program includes some of the highest 2023 Resource 2019 Resource Difference as a Percent: grade-width reported in the history of the project, and a build o
Slide 11: New Polaris Resource
NEW POLARIS Resource • 2021-2022: 39,000 m, 82-hole infill N program • Increases Indicated Gold by 89% Old Polaris 0m • MRE: 2.97 Mt @ 11.6 gpt Au for 1.11 Mine Workings million ounces gold Select Drill Highlights Zone Width (m) Grade (Au g/t) Y19 Vein CWM 25.1 13.6 C10 Vein CWM 6.6 34.4 CWM Vein Y2
Slide 12: New Polaris Grade vs Global Average
NEW POLARIS Grade vs Global Average • Grade is King: Higher Grades = Richer Ore • In combination with lowest quartile AISC • Industry average AISC = $900 - $1,100/oz • New Polaris Gold Grades are 7.6 X Higher Than Global Average* • Average grades are decreasing with time • High-Grade deposits are be
Slide 13: New Polaris Permitting
NEW POLARIS Permitting • Officially entered the BC Environmental Permitting process in March 2023 • Community engagement, information sharing, consultation sessions completed in May and June, 2023 • Submitting detailed project description to BC Environmental Assessment Office by September. • Canagol
Slide 14: New Polaris Sustainability & Community Engagement
Opening Ceremonies at the HAA KUSTEEYÍ Celebration in ÁATLEIN (Atlin) BC • Canagold establishes office in Atlin in June NEW POLARIS • Canagold attended Haa Kusteeyi (Our Way of Life) event in July hosted by Sustainability & Taku River Tlingit • TRT members of the Technical Working Group brought to s
Slide 15: Mesothermal Gold Deposits
Mesothermal Gold Deposits 1,000m 2,000m NEW POLARIS Red Lake Hemlo Timmins Kirkland Lake Potential for resource expansion at depth 15
Slide 16: New Polaris Project Timeline
NEW POLARIS Project Timeline Revised Resource Feasibility completed Permitting Completion Construction Estimate Completed by mid-year Expected Feasibility, Permitting Financing Decisions Construction Decision and Environmental Work Started 2023 2024 2025 2026 16
Slide 17: Canagold Resources Ltd. contact
CANAGOLD RESOURCES LTD. Knox Henderson, VP Corporate Development Suite 1250 - 625 Howe Street TSX: CCM OTC: CRCUF Vancouver, BC V6C 2T6 knox@canagoldresources.com +1 604.416.0337 www.canagoldresources.com 17
Slide 18: Appendix
APPENDIX 18
Slide 19: CWM Vein-Plan View
4.9 m @ 10.47 g/t 4.9 m @ 7.68 g/t N 9.0 m @ 17.92 g/t S CWM Vein-Plan View 7.8 m @ 21.17 g/t 1.7 m @ 22.84 g/t 7.85 m @ 15.38 g/t 4.0 m @ 21.28 g/t 1.74 m @ 11.59 g/t 19
Slide 20: New Polaris Parallel Zones
NEW POLARIS Parallel Zones LEGEND S N West Main C Vein East Low C Vein East High C Vein - C9 Vein 100 m C10 Vein Overburden - 200 Bedrock m 8.10 gpt over 9.9 m Drill Hole - Planned Hole 300 m 0 100 11.0 gpt over 8.9 m 17.1 gpt over 8.4 m Meters - Scale 1 : 2 000 400 m Section 1875mE 11.1 gpt over 17
Slide 21: C10 Vein-Plan View
N 8.0 m @ 7.12 g/t 8.4 m @ 17.13 g/t S 5.75 m @ 12.29 g/t 7.55 m @ 4.44 g/t 13.15 m @ 13.00 g/t C10 Vein-Plan View 5.05 m @ 4.99 g/t 2.10 m @ 25.71 g/t 0.55 m @ 4.62 g/t 4.90 m @ 5.74 g/t 21
Slide 22: C10 Vein-Plan View
N 6.76 m @ 7.44 g/t S 1.0 m @ 3.78 g/t 14.05 m @ 7.46 g/t C10 Vein-Plan View 3.0 m @ 14.54 g/t 10.29 m @ 8.01 g/t 4.50 m @ 7.88 g/t 22
Slide 23: New Polaris Y-Vein Drilling
NEW POLARIS Y-Vein Drilling 23
Slide 24: Y19-Y20 Drilling
Y19-Y20 Drilling Cross Section 1200 Cross Section 1250 24
Slide 25: Y19-Y20 Drilling
Y19-Y20 Drilling Cross Section 1300 Cross Section 1350 Cross Section 1400 25
Slide 26: New Polaris Bio-oxidation
Key Facts of Bio-oxidation NEW POLARIS Bio-oxidation • Commercially available > 30 years • 13 plants in seven countries plus one new plant under construction, including: • Bio-oxidation is a hydrometallurgical process for the pre-cyanidation treatment of refractory gold Fosterville (Austrailia), Suz
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