Galleon Gold Corp · TSXV:GGO
Galleon Gold — Investor Presentation (September 2022)
26 slides from Galleon Gold's investor presentation, September 2022
Slide 1: West Cache Gold Project – Destined for Development
Disclaimer WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT TSXV: GGO Investor Presentation September 2022 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation (the “Presentation”) contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statem
Slide 3: Why Invest - Why Now
Why Invest - Why Now WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT Timmins Mining Camp – near major producers Strong project economics that support advancing project to permitting / bulk sample stage Management team with track record of building mines in the region Large land position with huge b
Slide 4: Capital Markets Profile
Capital Markets Profile Capital Structure Shares outstanding 54.4M Current Share Price Sept. 1, 2022: $0.26 Options outstanding 3.51 Warrants outstanding 13.8M2 52 Week Share Price FD shares outstanding 71.7M High: $0.90 Market capitalization (basic @ Sept. 1, 2022) C$14.1M Low: $0.225 1. 3.5M optio
Slide 5: Located in the Porcupine Destor Gold Belt
West Cache Gold Project Located in the Porcupine Destor Gold Belt Porcupine Destor Gold Belt Timmins Gold Camp Gold Producing Districts IROQUOIS FALLS Au Endowment (oz) 119,604 – 200,000 Kidd Creek Mine 200,001 – 400,000 Cu-Zn-Ag 400,001 – 600,000 Clavos Mine 600,001 – 750,000 CONNAUGHT 750,001 – 1,
Slide 6: Land Lease Status
West Cache Gold Project Land Lease Status Approved – requirement for permitting 6
Slide 7: 2022 Mineral Resource Estimate – Underground Model
West Cache Gold Project 2022 Mineral Resource Estimate – Underground Model Underground Mineral Resource @ 1.6 g/t Au Cut-Off Classification Tonnes Au Au k g/t koz Indicated 4,051 3.63 472 Inferred 11,788 2.87 1,088 1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic
Slide 8: 2022 Mineral Resource Estimate – Sensitivities
West Cache Gold Project 2022 Mineral Resource Estimate – Sensitivities Cut-off Tonnes Au Au Classification Au g/t k g/t k oz 5.0 753 7.79 189 3.0 1,750 5.54 311 2.5 2,287 4.88 359 2.0 3,142 4.16 420 Indicated 1.6 4,051 3.63 472 1.25 5,288 3.11 528 1.0 6,564 2.72 574 0.5 10,591 1.96 668 5.0 759 6.96
Slide 9: 2022 PEA Economics – Toll Processing
West Cache Gold Project 2022 PEA Economics – Toll Processing Preliminary Economic Assessment Metrics Pre-Tax After Tax Net Present Value NPV5% C$ million $378.3 $240.1 Internal Rate of Return (IRR) % 33.7 % 26.7 % Payback Period years 3.0 3.3 Life of Mine (LOM)1 Years 11 Initial Capital Costs C$ mil
Slide 10: PEA Technical Data and Financial Results
West Cache Gold Project PEA Technical Data and Financial Results West Cache Project Economics – Toll Processing Average cash cost (LOM) US$ per ounce $814 Average AISC (LOM) US$ per ounce $987 Initial Capital Costs C$ million $150 Sustaining Capital Costs (LOM) C$ million $199 Average annual Au prod
Slide 11: Sensitivity to Gold Price
West Cache Gold Project Sensitivity to Gold Price Sensitivity to Gold Price (pre-tax) Price per ounce of gold NPV5% (million) IRR % US$1,500 C$224.5 23.3 % US$1,600 C$301.4 28.6 % US$1,700 C$378.3 33.7 % US$1,800 C$455.5 38.7 % US$1,900 C$532.6 43.6 % US$2,000 C$609.8 48.4 % Sensitivity to Gold Pric
Slide 12: Project Site Plan Development (2022 PEA)
West Cache Gold Project Project Site Plan Development (2022 PEA) Timmins 13 km SITE ENTRANCE MAP AREA Mine Plan divided into four mining area (Mines A-D) each with its own portal and ramp to access the deposit 12
Slide 13: Mine Development Plan – Plan View
West Cache Gold Project Mine Development Plan – Plan View N Deposit covers an area of 2.1 km x 1.2 km and extends 1.0 km from surface East Zone Extension East Zone North Zone MINE B MINE D West Deep West Zone Legend Mine Development/Ramps MINE A Zone #9 MINE C Mineralized Zones Mining Area Zone #9,
Slide 14: Mine Development Plan – 3D View Looking East
West Cache Gold Project Mine Development Plan – 3D View Looking East MINE D MINE C MINE B MINE A East Zone Extension West Zone East Zone Zone #9 South Zone 1 km West Deep Block Model Au (g/t) 20 – 26 10 – 20 Legend 5 – 10 Mine Development/Ramps 1-5 Mining Stopes Block model and preliminary mine desi
Slide 15: In Good Company in the Camp
West Cache Gold Project In Good Company in the Camp West Cache Deposit (Galleon Gold) 3D View East East Zone Zone #9 South Zone 1 km West Deep View East Source: Galleon Gold Corp, Preliminary Mine Design by P&E Mining Consultants Timmins West Mine (Pan American Silver) Timmins Camp Producing Mine Pa
Slide 16: Zone #9 and West Deep Mineralization
West Cache Gold Project Zone #9 and West Deep Mineralization 3D View East Hole WC 21-173 at 63.3 m to 69.6 m (9.37 g/t) East Zone West Zone Zone #9 Area of little Hole WC 20-82 at 310 to 320 m (9.40 g/t) drilling between Zone #9 and West Deep Zone #9 WC-20-30: 7.16 g/t Au | 9.7 m WC-20-42: 7.44 g/t
Slide 17: 2022 Plans – Initial 5,000 m Drill Program
West Cache Gold Project 2022 Plans – Initial 5,000 m Drill Program NORTH ZONES EAST ZONE EXTENSION EAST ZONE WEST ZONE ZONE #9 SOUTH ZONE 1 km WEST DEEP UG Development Design 2022 DRILL TARGET AREAS Block Model + 1 g/t Au Block Model + 5 g/t Au 3D View East 110° 17
Slide 18: WC-22-215
West Cache Gold Project WC-22-215 18
Slide 19: WC-22-215 Drill Hole – Core Photos (assays pending)
West Cache Gold Project WC-22-215 Drill Hole – Core Photos (assays pending) 19
Slide 20: 2022 Plans – Permitting for Bulk Sample
West Cache Gold Project 2022 Plans – Permitting for Bulk Sample Closure Plan Development (for submission Q1 2023) • Project Definition • Consultations • Industrial Sewage Works Environmental Compliance Approval • Air and Noise Environmental Compliance Approval • Permits to take water (underground
Slide 21: Mining Information – Proposed Zone #9 Bulk Sample
West Cache Gold Project Mining Information – Proposed Zone #9 Bulk Sample Development: Portal Portal and ramp optimization design ongoing Ramp development – 1,435 m West Zone Re-mucks/Cut-outs – 158 m Zone #9 Level Access – 150 m Ore Development – 600 m South Zone Mining Method: Long
Slide 22: 2023 Plans – Commence Bulk Sample (pending permits)
West Cache Gold Project 2023 Plans – Commence Bulk Sample (pending permits) Proposed Zone #9 High Grade Stoping Block > 5 g/t Portal Grade and tonnage subject to change with additional evaluation and drilling along with detail design work Legend Mine Development/Ramps Mineralized Block View Southeas
Slide 23: Key Milestones to Reach Bulk Sample
West Cache Gold Project Key Milestones to Reach Bulk Sample Exploration Programs Permitting Activities • Expand resource • Baseline and environmental studies • Explore new targets • First Nations consultations • < 10% of project has been drill tested • Underground design 2022 2023 2024 PEA Bulk Samp
Slide 24: Experienced Management and Board
Experienced Management and Board Credited with building mines throughout North America R. David Russell CEO & Chairman Decades of executive management and operational experience in the mining industry. Founded Apollo Gold Corporation and developed the Black Fox Project among other large mine operati
Slide 25: Reasons to Invest
Reasons to Invest WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT Premier mining jurisdiction – Timmins Mining Camp PEA supports advancing project to test mining 2022 drill program underway – immense exploration potential Permitting and baseline studies for bulk sample well underway Prove
Slide 26: West Cache Gold Project – On Trend in the Timmins Camp
Disclaimer WEST CACHE GOLD PROJECT ON TREND IN THE TIMMINS CAMP David Russell, CEO & President info@galleongold.com. 416-644-0066 26
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