Pelangio Exploration Inc. · TSXV:PX
Pelangio Exploration — Investor Presentation (February 2023)
32 slides from Pelangio Exploration's investor presentation, February 2023
Slide 1: Exploration in World Class Districts in Ghana & Canada
EXPLORATION IN WORLD CLASS DISTRICTS IN GHANA & CANADA TSXV: PX February 2023
Slide 2: Disclaimer
DISCLAIMER CAUTIONARY NOTE REGARDING MINERAL RESOURCE ESTIMATES Investors should not assume that any of the indicated or inferred resource disclosed herein will ever be The words “plans”, “expects”, “is expected”, “budget”, “projects”, “scheduled”, “estimates” “forecasts”, upgraded to a higher categ
Slide 3: A Strategy for Gold Exploration Success
A STRATEGY FOR GOLD EXPLORATION SUCCESS MONETIZING THE ASSET IN A CYCLICAL GOLD MARKET Success In 2007, Pelangio re-envisioned Detour as an open-pit Success asset spun out to Detour Gold for 50% equity interest VALUE INCREASE FROM $3.50 @ IPO TO $38.00 IN 2011 Manfo – eight discoveries and developed
Slide 4: Location, Location, Location: Strategic Land Packages
‘LOCATION, LOCATION, LOCATION’ STRATEGIC LAND PACKAGES GHANA, West Africa ONTARIO, Canada Manfo: Dome West Property: Maiden gold mineral resource (195,000 oz ~800 m west of Dome Mine one of the largest Indicated & 298,000 oz Inferred)*, gold producers in the Timmins Camp Located 17 km from Newmont’s
Slide 5: Ghanaian Projects
GHANAIAN PROJECTS ~ WORLD CLASS OPPORTUNITIES ~ • Obuasi 284 km2 on the Ashanti Belt • Dankran 35 km2 on the Ashanti Belt • Manfo 96 km2 on the Sefwi Belt 5
Slide 6: Ghanaian Projects – Manfo & Obuasi + Dankran
GHANAIAN PROJECTS – MANFO & OBUASI + DANKRAN Manfo Obuasi & Dankran The 96 km² Manfo Resource Project is near The 319 km² Obuasi and Dankran Exploration the center of the Sefwi-Bibiani Belt, where: Projects are in the Ashanti Belt adjacent to • Newmont is producing 650 Koz / year AngloGold Ashanti’s
Slide 7: Obuasi 3D Animation
OBUASI 3D ANIMATION Note to viewers: If you are viewing in a pdf document, please click on this link or visit our website on the Obuasi project page to view the animation: Obuasi 3D Animation PX:TSX-V PX:TSX-V 7
Slide 8: Ashanti Belt – Obuasi and Dankran Projects
ASHANTI BELT – OBUASI AND DANKRAN PROJECTS 2021 Dankran RC Drilling 2021 Drilling PX:TSX-V PX:TSX-V 8
Slide 9: Soil Geochemical Targets and Significant Drilling
SOIL GEOCHEMICAL TARGETS AND SIGNIFICANT DRILLING Obuasi Exploration Plans Data reanalysis, targeting and exploration work planning is in progress Focus on Au +/- As in soil anomalies, untested by drilling, concentrated in the southwestern corner of Pelangio’s property will be evaluated using: • Aug
Slide 10: Dankran Project – 34.65 km2 on the Ashanti Gold Belt
DANKRAN PROJECT – 34.65 KM2 ON THE ASHANTI GOLD BELT • Earning a 100% interest Obuom Mine • The Dankran property covers the same Birimian Dankran sedimentary and volcanic stratigraphy that hosts AngloGold Ashanti’s 30+ million-ounce Obuasi Mine • Adjacent to historic Obuom mine which in the 1930’s p
Slide 11: Dankran – Exploration Programs
DANKRAN – EXPLORATION PROGRAMS • A first pass 1,200 sample soil sampling program was completed to test Obuasi stratigraphy, several major regional structures and areas of extensive artisanal workings • Significant Au soil anomalism up to 2 g/t defined along several geological trends with highly anom
Slide 12: Dankran – RC Drilling Results
DANKRAN – RC DRILLING RESULTS • 2,491 meters of RC drilling in 36 holes completed on 6 drill fences to test strongest Au-in-soil anomalism and Obuom mineralized trend in the northern end of property • Multiple generally narrow zones of mineralization encountered along 2.5 kilometers of strike tested
Slide 13: Manfo Property Ghana – Three Resource Areas
MANFO PROPERTY GHANA - WEST AFRICA - THREE RESOURCE AREAS 100 KM2 ON THE SEFWI BELT: HOSTING 33 GOLD DEPOSITS (20+ MILLION OZ) • Located in Sefwi Belt 17 km SE of Newmont’s Ahafo gold MANFO mine and 50 km north of Kinross’ Chirano gold mine • Pelangio has a 100% interest* • Seven near-surface gold d
Slide 14: Manfo – New Work Programs Commenced July 2020
MANFO - NEW WORK PROGRAMS COMMENCED JULY 2020 POTENTIAL FOR NEW DISCOVERIES AND RESOURCE ADDITION Target Generation Planned Exploration AC Drilling Updated SRK’s 2013 geological & structural interpretations. Considerable historical data was reinterpreted, and multiple targets Rated & ranked targets
Slide 15: Manfo – New Opportunities
MANFO – NEW OPPORTUNITIES POTENTIAL FOR EXPANSION OF THE CURRENT RESOURCE AT MANFO Significant targets around Pokukrom Historical ddh intercepts include: • A 200m+ gap between the two deposits with Au in soil anomalism • A hanging-wall zone on the western flank of Pokukrom East which dips towards Po
Slide 16: Manfo – Pokukrom West 2021 Drilling Results
MANFO – POKUKROM WEST 2021 DRILLING RESULTS CONTINUATION OF HIGHER GRADE POKUKROM WEST DEPOSIT ESTABLISHED ILLUSTRATING POTENTIAL FOR RESOURCE EXPANSION 2021 Drilling Indicates Pokukrom West Continues Down-plunge the North: • 383 meters of diamond drilling in two holes completed in October 2021 • Ho
Slide 17: Pokukrom East Drill Cross Sections
POKUKROM EAST DRILL CROSS SECTIONS OPEN-ENDED DRILL-INDICATED MINERALIZATION EXTENDS BEYOND THE $1,450 AU PITS. A RESOURCE RE-ESTIMATION AT A HIGHER AU PRICE COULD SIGNIFICANTLY INCREASE THE RESOURCE $1,450 pit shell $1,450 pit shell Section 49,500N Section 49,700N Using a higher GOLD price could ex
Slide 18: Pokukrom Deposits Leapfrog Model
POKUKROM DEPOSITS LEAPFROG MODEL CONSIDERABLE WELL-DRILLED MINERALIZATION OUTSIDE OF THE $1,450 AU PITS AND BOTH DEPOSITS ARE OPEN DOWN-PLUNGE Pokukrom East Pokukrom West Open down-plunge Looking South-east PX:TSX-V
Slide 19: Manfo Property – Mineral Resource Table
MANFO PROPERTY – MINERAL RESOURCE TABLE Mineral Resource Statement* Manfo Gold Project, Ghana – SRK Consulting (Canada) Inc., May 7, 2013 Indicated Inferred Cut-off Category Quantity Grade Contained Quantity Grade Contained * Mineral resources are not mineral (Au g/t) (000’ tonnes) Au (g/t) Au (000’
Slide 20: Canadian Projects
CANADIAN PROJECTS ~ GOLD MINING HERITAGE ~ • Dome West Timmins • Kenogaming Timmins • Birch Lake Red Lake • Gowan Timmins PX:TSX-V PX:TSX-V 20
Slide 21: Dome West - Timmins Gold Camp
DOME WEST - TIMMINS GOLD CAMP STEPS FROM THE DOME MINE AND MILL COMPLEX Dome West Acquired in 1Q2019 - earning 100% interest • Drill hole DW1901 intersected seven quartz veins within known prospective stratigraphy extending from the Dome and Paymaster gold mines Hole From To Meters Au g/t DW1901 471
Slide 22: Dome West Composite Level Plan
DOME WEST DOME WEST COMPOSITE LEVEL PLAN
Slide 23: Kenogaming Polymetallic Project
KENOGAMING POLYMETALLIC PROJECT • 100% interest in 178 hectare gold, silver, zinc polymetallic project in Kenogaming Township located approximately 63 km southwest of Timmins, Ontario • The Kenogaming Project covers 800 m of strike length on an established 300 meter wide strongly pyritized corridor
Slide 24: Kenogaming Polymetallic Project
KENOGAMING POLYMETALLIC PROJECT
Slide 25: Earn In Options on Three Ontario Projects
EARN IN OPTIONS ON THREE ONTARIO PROJECTS Earn In Project / Exploration Cash Payments Share Payments Total Required to Complete Partner in 2023 in 2023 in 2023 Earn In: Exploration: $3,500,000 Birch Lake Option Cash: $350,000+($400,000**) with First Mining/ $250,000 $50,000 250,000 **in either cash
Slide 26: Gowan – Polymetallic Project
GOWAN – POLYMETALLIC PROJECT HIGH PRIORITY BASE METAL TARGETS: CU-ZN VMS STYLE & NI-CU TYPE TARGETS • 100% owned, PX recently optioned up to a 50% interest for $2M, 4.3 km2 land package, 27 km northeast of Timmins, 16 km due east of Glencore’s Kidd Creek Mine Site Current work by Pelangio: • March 2
Slide 27: Gowan Compilation Map
GOWAN COMPILATION MAP I Pitorcar Em anomalies] 00 VTEM Anomaly 1x 1.5km IP Chargeability North Target Area Zit pom cn @ 34.Chane E ; & 56Channe Z a \ © 78.Channe * 602208 IP Chargeability vu Uy © 9:10Channe! z South Target Area © 11.12 Chanwel P ° [oa . [Jocnresen scr fa 7 i i Be ey =m ° 2 oe 3
Slide 28: Birch Lake / First Mining Gold Option
BIRCH LAKE / FIRST MINING GOLD OPTION • First Mining Gold Corp. (TSX:FF) may earn-in up to 80% interest in the Birch Lake Project • Initial earn-in to acquire a 51% interest by paying Pelangio a total of $350,000 in cash and 1.3M common shares of First Mining and completing exploration expenditures
Slide 29: Pelangio's Royalty Portfolio
Success Through Exploration PELANGIO’S ROYALTY PORTFOLIO …IT’S OUR MISSION Property Royalty Terms Matheson West & East 1% NSR can be purchased by Matamec Explorations Inc. for $1,000,000 and 100,000 common shares of Matamec Mord 1.5% NSR (provided Pelangio exercises right to buy back 1% for 100,000
Slide 30: Why Pelangio?
WHY PELANGIO? Success Through Exploration …IT’S OUR MISSION Acquisitions 1. Location – key projects very close to major producers Safe and Exploration Pelangio has always approached exploration by Jurisdictions acquiring strategic projects in prolific gold mining Exploration Geographic jurisdictions
Slide 31: Market Facts & Management
MARKET FACTS & MANAGEMENT Trading Directors Management PX:TSX-V & PGXPF:OTCPINK Experience and Track Record - Diversified Talent for Success Warrants Market Cap. $4.3 M Ingrid Hibbard, President & CEO Kevin Thomson, Senior VP, Exploration 35 52 Options Week L/H $0.025/0.155 7.7 JC St-Amour, Chairman
Slide 32: Pelangio
PELANGIO
Pelangio Exploration — Investor Presentation (February 2023) on 6ix