Thesis Gold & Silver Inc. · TSXV:TAU
Thesis Gold & Silver — Thesis Gold — Investor Presentation (May 2025)
18 slides from Thesis Gold & Silver's investor presentation, May 2025
Slide 1: Advancing Lawyers-Ranch: One of North America's Premier Gold-Silver Projects
CORPORATE PRESENTATION | MAY 2025 TSX-V TAU OTCQX THSGF Advancing LAWYERS-RANCH FSE A3EP87 One of North America’s Premier GOLD-SILVER Projects
Slide 2: Disclaimer and Cautionary Notes
DISCLAIMER AND CAUTIONARY NOTES FORWARD-LOOKING STATEMENTS This presentation under no circumstances is to be construed to be an offering of uncertainties include, but are not limited to the following:; the future PFS not having the Economic Assessment Lawyers-Ranch Project and Property, Stikine Terr
Slide 3: Lawyers-Ranch Project Highlights
LAWYERS-RANCH PROJECT HIGHLIGHTS N CANADA Recognized Mining Jurisdiction District Scale (495 km2) Land Position in BC the Toodoggone Mining District of BC Road Accessible and <5 km from TECK the Sturdee Airstrip Schaft Creek Close to powerline tie-ins and the NEWMONT nearby Kemess Copper Gold Mine T
Slide 4: Excellent Access to Infrastructure and Power
EXCELLENT ACCESS TO INFRASTRUCTURE AND POWER oad from Prince George R N provides year-round access Sturdee Airstrip provides BRITISH COLUMBIA flight access from regional airports at Terrace, Smithers, Thesis Gold and Prince George Lawyers-Ranch Mackenzie Smithers nly 45km NW of tie in to the O Terra
Slide 5: Corporate Structure
CORPORATE STRUCTURE Capital Structure Unencumbered Analyst Coverage Common Shares Outstanding 236,971,268 Haywood Capital Markets Stock Options Outstanding 13,051,796 No debt Cormark Securities Inc. Warrants Outstanding1 2,991,629 No streaming Hannam & Partners Fully Diluted Shares 253,014,693 0.5%
Slide 6: Strong Support
STRONG SUPPORT Strong Institutional Support Strategic Investment Equinox Partners Investment Management1 trategic investment by Centerra Gold2 for 9.9% S Franklin Advisers Inc. Merk Investments LLC. ownership interest Waratah $24.2 M dollars invested Ixios Asset Management SA enterra Gold owns the G
Slide 7: Global Resource Estimate
GLOBAL RESOURCE ESTIMATE 1 AuEq Mineral Mineral Resource Cutoff Classification Tonnes Au Ag Cu AuEq Au Ag Cu AuEq Resource Growth Area AuEq (g/t) (k) (g/t) (g/t) (%) (g/t) (koz) (Moz) (kt) (koz) 6 Total Mineral Resource Estimate Measured 35,987 1.1 38.5 0 1.58 1,268 44.5 0 1,825 5 Indicated 46,023 1
Slide 8: 2024 PEA Summary
2024 PEA SUMMARY 1 PEA Highlights Lawyers-Ranch PEA Annual Payable AuEq 2024 2024 Gold USD/oz 1,930.0 Silver USD/oz 24.0 350.0 Pre-Tax NPV (5%) C$M 1,991.0 Pre-Tax IRR % 46.0 300.0 Pre-Tax Payback Period Years 1.6 250.0 After-Tax NPV (5%) C$M 1,277 AuEq koz Payable After-Tax IRR % 35.2 200.0 After-T
Slide 9: Lawyers-Ranch 2024 PEA Overview
LAWYERS-RANCH 2024 PEA1 OVERVIEW Road to Ranch Project N Proposed Mill 14.1-Year LOM AGB at an average head- Waste Rock grade of 1.59 g/t AuEq RANCH PROJECT Cliff Creek LAWYERS PROJECT US $1,013 / Au oz 1.8 km STURDEE LOM AISC AIRSTRIP (net of byproducts) m 1.7 k 215,000 oz AuEq Avg. Annual Producti
Slide 10: Lawyers-Ranch - Path to Production
LAWYERS-RANCH - PATH TO PRODUCTION 2018 Lawyers Project acquired: beginning of modern exploration and early 2019 infrastructure upgrades Initiation of environmental, metallurgical, and engineering studies at Lawyers 2021 First Nation 2021 2022 agreements and Initiation of Lawyers MRE committees meta
Slide 11: Project Development
PROJECT DEVELOPMENT Engineering Investigations 2024 2025 Environmental Baseline Studies Year 1 Year 2 PEA PFS Aquatics Geotechnical/Hydrogeological - Mining Lawyers Site-Wide Hydrogeological (Monitoring Wells) ** Lawyers OP Terrestrial ** Lawyers UG Aquatics 95% Complete Ranch OP Ranch Site-Wide Hyd
Slide 12: Ranch Deposit Resource
RANCH DEPOSIT RESOURCE1 Mineral Resource Cutoff Tonnes Au Ag Cu AuEq Au Ag Cu AuEq RANCH DEPOSIT Area AuEq (g/t) Classification (k) (g/t) (g/t) (%) (g/t) (koz) (Moz) (kt) (koz) Pit-Constrained Mineral Resource Estimate N Indicated 4,259 2.01 9.5 0.06 2.21 275 1.3 3 303 Ranch 0.4 LAWYERS DEPOSIT Infe
Slide 13: The Toodoggone - District Exploration Upside
THE TOODOGGONE - DISTRICT EXPLORATION UPSIDE Recent discoveries reinforce the potential for the Toodoggone District to emerge as a premier fertile porphyry epithermal camp. he genetic link between T epithermal mineralization, hydrothermal alteration, and nearby porphyry systems is well established h
Slide 14: Why Invest
WHY INVEST Recognized Mining Road Accessible and <5 Total Mineral Resource1 2024 PEA1 Signed Agreements Jurisdiction km from the Sturdee of 4.0 Moz AuEq (M&I) at Indicates Strong Project with, and Support from District Scale (495 km2) Airstrip 1.51 g/t AuEq and 727 koz Economics one of the top Local
Slide 15: Leadership Overview
LEADERSHIP OVERVIEW Management Dr. Ewan Webster Ph.D Geology Sean Mager CEO, Director & President CFO Registered Geoscientist in BC. +10 years of experience in +25 years mining sector, former CFO & COO at Brilliant the mining sector, focusing on exploration and business Resources Ltd., regulatory &
Slide 16: Leadership Overview - Board of Directors
LEADERSHIP OVERVIEW Board of Directors Bill Lytle Jody Shimkus Chair Director, Chair of the Corporate Governance Registered engineer (Colorado, USA) with +25 years in the mining Committee industry. Currently, B2Gold Corp.’s Senior VP and COO. BSc in +30 years of private and public sector experience
Slide 17: Environmental, Social, and Governance
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE ogether we established exploration, T Together we initiated baseline engagement and communications environmental studies as part agreements with our partner Nations of permitting T hesis is providing employment, ildlife monitoring and W training and contracting
Slide 18: Vancouver Office and Contacts
VANCOUVER OFFICE 1075 West Georgia Street, Suite 1050 Vancouver, BC, Canada V6E 3C9 TSX-V TAU EWAN WEBSTER KETTINA CORDERO President, CEO & Director Vice President Investor Relations OTCQX THSGF ewanw@thesisgold.com info@thesisgold.com FSE A3EP87 +1 672-910-0026 thesisgold.com 20