Lahontan Gold Corp. · TSXV:LG
Lahontan Gold — Investor Presentation (October 2024)
29 slides from Lahontan Gold's investor presentation, Oct 15, 2024
Slide 1: Nevada's Santa Fe Gold Mine: On Track to Production
Nevada’s Santa Fe Gold Mine: On Track to Production October 15, 2024 Presentation TSX.V-LG; OTCQB-LGCXF
Slide 2: Disclaimers
Disclaimers Information Contained In This Presentation This presentation (the “Presentation”) has been prepared by Lahontan Gold Corp. (the “Company”) solely for informational purposes. None of the Company, its affiliates or any of their respective employees, directors, officers, contractors, adviso
Slide 3: Lahontan Gold Share Structure
LAHONTAN GOLD SHARE STRUCTURE PROFORMA CAPITALIZATION TABLE Shares Outstanding (Shares) 206.2 M Key Shareholders: Market Capitalization (C$M) Basic: $12.4 M • KA Gold • ASA FD: $18.0M • APAC Warrants 14.0M @ 18 cents 72.7M • Palos • Extract Capital 26.4M @ 12 cents total • Goodman 32.4M @ 10 cents O
Slide 4: Management & Board
MANAGEMENT & BOARD FOUNDER FOUNDER KIMBERLY ANN, FOUNDER, BRIAN MAHER, FOUNDER, EXECUTIVE CHAIR, CEO, PRESIDENT VICE PRESIDENT - EXPLORATION JOHN MCNEICE, CHRIS DONALDSON, JOSH SERFASS, BOB MC KNIGHT, CHIEF FINANCIAL OFFICER INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR TSX. V-LG; O
Slide 5: Large-Scale Gold Oxide Deposits, Walker Lane, Nevada
L A RG E - S C A L E GOLD OXIDE DEPOSITS WALKER LANE, NEVADA USA G O L D & S I LV E R A S S E T S I N T H E WA L K E R L A N E FLAGSHIP SATELLITE HIGH GRADE DISSEMINATED GOLD & SILVER SANTA FE MINE WEST SANTA FE MOHO MINE REDLICH PA S T P R O D U C E R S ATA L L I T E A S S E T G O L D & S I LV E R
Slide 6: Investment Highlights
Investment Highlights ! ! Producing Gold Mines Top Rated Mining 100% Owned N E V A D A Jurisdiction Fondaway The 100% owned Borealis mine is ! Reno WALKERLANE, NEVADA Canyon fully equipped for present mine Nevada is the world’s top operations and future expansion: access, rated mining jurisdiction a
Slide 7: Santa Fe Mine: Unique Geologic Setting
S A N TA F E M I N E UNIQUE GEOLOGIC SETTING WHAT TO KNOW SANTA FE MINE 1 TRIASSIC CALCAREOUS HOST ROCKS o All five deposits hosted by same rock types (blue) 2 KEY STRUCTURIAL DOMAINS o NW, northerly and easterly faults o All favorable for Au & Ag mineralization 3 OPEN, OPEN, OPEN o Open between dep
Slide 8: Updated 20% Increase in Resource Estimate 2024
U P DAT E D 2 0 % I N C R E A S E I N R E S O U RC E E S T I M AT E 2 0 2 4 1.54 MILLION OUNCES INDICATED AND 0.41 MILLION OUNCES INFERRED PIT CONSTRAINED RESOURCE* 1 AVERAGE GRADE 0.93 g/ t Au Eu 2 INDICATED AND INFERRED RESOURCES o Occur in five separate deposits o Resource constrained by conceptu
Slide 9: Santa Fe Deposit: Significant Oxide Remaining in High-Wall
SANTA FE DEPOSIT SI GNI FI CANT OXI DE REMAI NI NG I N HI GH-WALL WHAT TO KNOW SANTA FE DEPOSIT 1 SANTA FE PIT OXIDE, OXIDE o Significant oxide left in the to be mined o 0.70 g/t Oxide Gold with SANTA FE FAULT low strip* 2 COMPETENT WALL ROCK o 50 Degree Pit Slopes o Mineralization crops out in the
Slide 10: 2024 Drilling Dramatically Expands Slab-Calvada
2024 Drilling Dramatically Expands Slab-Calvada KEY HIGHLIGHTS ALL OXIDE!!! 1 Successful Lahontan drilling N S resulted in nearly doubling the Oxide resources at Slab- Calvada and account for nearly 2 Indicated Oxide Resources total 204,000 oz Au Eq 9.72 Mt grading (0.65 g/t) and 198,000 oz Au Eq (0
Slide 11: 2024 Drill Results Slab-Calvada
2024 Drill Results Slab-Calvada North OPEN KEY HIGHLIGHTS Ag G*T (gm*m) CA L24 -00 CAL SLAB-CALVADA COMPLEX 9R CA 24- L2 4- 0 0 07 04R 35 – 69 gm*m R CAL 70 – 104 gm*m 24- 008 R 1 Contoured silver grade times interval thickness (Ag 105 – 139 gm*m g/t * interval thickness in metres) is overlain on 14
Slide 12: Santa Fe Mine: Five Known Deposits
100% Controlled S A N TA F E M I N E Five Known Deposits SUBSTATION SANTA FE PIT ROUTE TO SU BSTATION PO RO WE AD RL AC IN CE ET SS OS UB ST AT IO SLA NO B-CA NL LVAD GP A CO RO MPL PE RT EX Y P I T E X PA N S I O N TSX. V-LG; OTCQB-LGCXF
Slide 13: Historic Mining
HISTORIC MINING 1988 - 1994 MINED BY CORONA GOLD HISTORIC PRODUCTION BREAKDOWN o 356,000 ounces Au o 784,000 ounces of Ag (NV Div. of Minerals, www.ndomdata.com) HI STORI C RECOV E RI E S PROJ EC T WI DE o Project-wide gold recoveries of 74.4% for gold and 29.0% for silver at a ½-inch crush size H I
Slide 14: Slab Calvada Complex
S L A B C A LVA D A C O M P L E X P R E V I O U S LY M I N E D P I T S M I N E D B Y C O R O N A G O L D F R O M 1 9 8 8 - 1 9 9 4 14 TSX. V-LG; OTCQB-LGCXF
Slide 15: Met Testing Results - Optimize Flow Sheet
Met Testing Results-Optimize Flow Sheet KEY HIGHLIGHTS 1 2 3 4 5 1. Two-Stage Crushing 113-CRUSHING SANTA FE MINE 2. Crushed 115-CRUSHED ORE RECLAIM & STACKING Ore Stacking C C 3. Heap Leach Pads 122-HEAP LEACH & PONDS 162-WATER SUPPLY & DISTRIBUTION 1 CN-soluble gold analyses show potential at Calv
Slide 16: Santa Fe Mine - Pathway to Production
S A N TA F E M I N E - PAT H WAY TO P RO D U C T I O N P L A N O F O P E R AT I O N & M I N E P L A N O F O P E R AT I O N o Advanced Permitting Process covers 12.2 km2 area o Permit will cover 50% of Land Package with over PLAN OF OPERATIONS 700 Permitted Drill Holes o Massive potential to grow res
Slide 17: Santa Fe Mine - Pathway to Production
S A N TA F E M I N E - PAT H WAY TO P RO D U C T I O N P L A N O F O P E R AT I O N & M I N E P L A N O F O P E R AT I O N R U N I N PA R A L L E L S U C C E S S F U L LY Baseline YEAR Kick off Biological & Nexus Conducts Analysis & COMPLETED BLM THREE 1 2023 Meeting Cultural Studies Raptor Surveys
Slide 18: Introducing West Santa Fe, Our New Satellite Asset
I N T R O D U C I N G W E S T S A N TA F E O U R N E W S AT E L L I T E A S S E T TSX. V-LG; OTCQB-LGCXF
Slide 19: West Santa Fe: What to Know
WEST SANTA FE OXI DE OXI DE OXI DE WHAT TO KNOW WEST SANTA FE 1 L O C AT I O N L O C AT I O N L O C AT I O N o Located only 13 km west of the Flagship Santa Fe Mine o District Scale Land Package S I G I F I C A N T H I S T O R I C D A TA B A S E 2 o Outlines a shallow oxide Au & Ag deposit of + 0.5-
Slide 20: West Santa Fe High-Grade Surface Sampling
WEST SANTA FE HI GH-GRADE SURFACE SAMPLI NG WHAT TO KNOW Sample 503416 WEST SANTA FE WELL DEFINED STRUCTURE 1 o Sampling and mapping has helped identify structural controls to Au & Ag mineralization o Intersections of northeast striking high-angle faults and low-angle thrust faults are key controls
Slide 21: West Santa Fe Excellent Resource Growth Potential
WEST SANTA FE EXCELLENT RESOURCE GROWTH POTENTI AL WHAT TO KNOW WEST SANTA FE 1 DRILLING TO DATE o Au & Ag begins at surface o Mineralization continues down-rake o All Oxide!!! 2 0.31 G/ T AU SHELL OUTLINE o Look alike to Santa Fe o Possible low-cost satellite operation o Historic drilling shows a l
Slide 22: Moho and Redlich
Moho and Redlich Moho Re d l i c h High Grade Au & Ag Disseminated Ag o Large land package 11 square km, o Located 45 km south of Santa Fe. 35 km SW of Santa Fe, 100% owned by Lahontan o Disseminated Ag hosted by Tertiary age epithermal veins and o High-grade, oxidized Tertiary Au- stockwork. Ag-Pb-
Slide 23: Lahontan's Key Catalysts
LAHONTAN’ S KEY CATYLIST 2024 1 ü METALLURGICAL REPORT FROM KAPPES CASSADY 2 ü EXTENSIVE MAPPING & SAMPLING AT WEST SANTA FE o Drill West Santa Fe Q4 3 SUBMIT PLAN OF OPERATION ( POO) Q4 4 PEA ON SANTA FE Q4 23 23 TSX. V-LG; OTCQB-LGCXF
Slide 24: Corporate Office and Field Office
CORPORATE OFFICE FIELD OFFICE 80 Richmond Street West Suite 204 364 E Street Hawthorne Toronto, ON NV 89415 United States M5H 2A4, Canada Telephone: 1.775.945.6140 Telephone: 1.613.692.7704
Slide 25: Appendix - Santa Fe Mine Royalties
Appendix – Sant a Fe Mine Royal t i es 26.4 km2 Land Package o 389 unpatented lode mining claims 1.25% NSR o 67 unpatented mill site clams o 24 patented lode mining claims o Except for 45 optioned unpatented lode mining claims, all mining claims are 100% owned by Lahontan Over 85% of known resources
Slide 26: Lahontan Expands Santa Fe Mine by Over 7.5 km2
BREAKING BREAKING NEWS!!- NEWS!!- LAHONTAN EXPANDSSANTA FE SANTA MINE FE PROJECT MINE BY OVERNOW 7.5 26 Km .224km2 LAHONTAN EXPANDS SANTA FE MINE BY OVER 7.5 Km WHAT WHAT WHATTO TOKNOW TOKNOW KNOW SANTA FE MINE New Claims New (7(.75.5km Claims km)2) 2 SANTA SANTA FEFE MINE MINE 26.426km 2 Land Packa
Slide 27: Appendix - Santa Fe Mine History
Appendix Santa Fe Mine History Company Ownership Event Year Cordero Mining Co. Original Staking 1960 Callahan Mining Co. Option Agreement 1968 Bell Mountain Silver Mines Option Agreement 1971 Westley Mines Ltd. Option Agreement 1971 Bethlehem Mines Option Agreement 1974 Westley Mines Ltd. Option Dro
Slide 28: Appendix - Santa Fe Mine Mineral Resource Estimate
Appendix – Sant a Fe Mine Mineral Resource Table One: Project- wide Resources, Santa Fe Mine, Mineral County, Nevada Est imate 28 TSX. V-LG; OTCQB-LGCXF
Slide 29: Appendix - Continued
Appendix – Continued Notes to Table 1: 1. Mineral Resources have an effective date of October 9, 2024. The Mineral Resource Estimate for the Santa Fe Mine was prepared by Trevor Rabb, P.Geo., of Equity Exploration Consultants Ltd., an independent Qualified Person as defined by NI 43-101. 2. Mineral