Galleon Gold Corp · TSXV:GGO
Galleon Gold — Investor Presentation (August 2024)
21 slides from Galleon Gold's investor presentation, August 2024
Slide 1: West Cache Gold Project: Destined for Development
Disclaimer WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT TSXV: GGO Presentation August 2024 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: Investment Highlights
Investment Highlights WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT Timmins Mining Camp – near major producers Bulk sample planned for 2024 Management team with track record of building mines in the camp Huge blue sky exploration potential for additional ounces of gold 3
Slide 4: Capital Markets Profile
Capital Markets Profile Capital Structure Shares outstanding 65.3M Options outstanding (C$0.19 to C$1.20) 5.7M Warrants outstanding (C$0.165 to C$0.45) 19.0M Convertible debentures ($4,410,000 @$0.165 or $0.185) 25.8M FD shares outstanding 115.8M Market capitalization (basic @ August 1, 2024) C$12.4
Slide 5: Trading at a Large Discount to Canadian Gold Developers
Trading at a Large Discount to Canadian Gold Developers EV/Resource (US$/oz AuEq)1 $75.34 Trading at only US$28.45/oz (72% discount to Canadian average) $58.05 $53.76 $49.85 $37.29 $33.43 $28.21 $23.70 Average = US$28.45/oz AuEq $16.99 $16.74 $13.44 $12.39 $10.36 $8.44 $7.89 $9.42 $7.80 P/NAV (Conse
Slide 6: Premier Location - Porcupine Destor Gold Belt
West Cache Gold Project Premier Location - Porcupine Destor Gold Belt Porcupine Destor Gold Belt Timmins Gold Camp Au Endowment (oz) Gold Producing Districts IROQUOIS FALLS 119,604 – 200,000 Kidd Creek Mine 200,001 – 400,000 Cu-Zn-Ag 400,001 – 600,000 Clavos Mine 600,001 – 750,000 CONNAUGHT 750,001
Slide 7: Land Lease Status Approved
West Cache Gold Project Land Lease Status Approved – requirement for permitting 7
Slide 8: Purpose of PEA
Purpose of PEA PEA is a snapshot in time Provides economic picture Guides decision to advance to next step - pre-feasibility PEA Strong Project Economics Project Entrance on Hwy 101, 13 km from Timmins Center PEA & Updated Mineral Resource Published – February 2022 8
Slide 9: 2022 Mineral Resource Estimate – Underground Model
West Cache Gold Project 2022 Mineral Resource Estimate – Underground Model Underground Mineral Resource @ 1.6 g/t Au Cut-Off Classification Tonnes Au Au 1. Mineral Resources that are not Mineral Reserves do not have demonstrated k g/t koz economic viability. 2. The estimate of Mineral Resources may
Slide 10: 2022 PEA Economics – Toll Processing
West Cache Gold Project 2022 PEA Economics – Toll Processing Pre-Tax After Tax Net Present Value NPV5% C$ million $378.3 $240.1 Internal Rate of Return (IRR) % 33.7 % 26.7 % Payback Period years 3.0 3.3 Life of Mine (LOM)1 Years 11 Initial Capital Costs C$ million $150 Sustaining Capital Costs (LOM)
Slide 11: Sensitivity to Gold Price
West Cache Gold Project Sensitivity to Gold Price Sensitivity to Gold Price Pre-tax Post-tax Price per ounce of NPV5% (million) IRR % NPV5% (million) IRR % gold US$1,500 C$224.5 23.30% C$128.6 17.20% US$1,600 C$301.4 28.60% C$184.3 22.00% US$1,700 C$378.3 33.70% C$240.1 26.70% US$1,800 C$455.5 38.70
Slide 12: 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 BULK SAMPLE AREA 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
Slide 13: Mine Development Plan (PEA) – Plan View
West Cache Gold Project Mine Development Plan (PEA) – 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 Secondary Access (B) & Ventilation West Deep West Zone Secondary Access (C&D) & Ventilation Legend Mine Development/Ram
Slide 14: Mine Development Plan (PEA) – 3D View Looking East
West Cache Gold Project Mine Development Plan (PEA) – 3D View Looking East Secondary Access & Ventilation Access D Access C Access B Main Mine Access (A) East Zone Extension West Zone East Zone Zone #9 South Zone BULK SAMPLE AREA 1 km West Deep Block Model Au (g/t) 20 – 26 10 – 20 Legend 5 – 10 Mine
Slide 15: Purpose of Bulk Sample
Purpose of Bulk Sample De-risk the project Provide initial data that will feed into pre- feasibility studies Bulk Sample Planning Uncover additional ounces of gold with underground drilling Tonnage: 86.5 kt Grade: 8.13 g/t Ground work and ramping, required for Gold ounces: 22.6 koz future de
Slide 16: Bulk Sample Detail Design
West Cache Gold Project Bulk Sample Detail Design 16
Slide 17: Bulk Sample Site Plan Layout (2023)
West Cache Gold Project Bulk Sample Site Plan Layout (2023) 17
Slide 18: What’s Next?
West Cache Gold Project What’s Next? 2024/5 focus will be the construction and development for the bulk sample • Secure permits • Award construction contracts • Negotiate milling contracts (4 mills in the area) Get back to exploration drilling from surface and eventually underground • The land p
Slide 19: Milestones & Approximate Timing of Bulk Sample
West Cache Gold Project Milestones & Approximate Timing of Bulk Sample Permitting Mine Decline/Development Continued Mine Development • Closure Plan Approved • Decline/ramp development • Identify next development area • Construction permits • Underground stope development • Permit and start new gran
Slide 20: Experienced Management and Board
Experienced Management and Board Credited with building mines throughout North America David Russell CEO & Chairman Team that built Black Fox 2002 - 2010 Ryan Lougheed General Manager West Cache Management Nate Tewalt Chief Geologist Geology team – credited with increasing Leah Page Senior Project G
Slide 21: David Russell, CEO & President
David Russell, CEO & President info@galleongold.com. 416-644-0066 21