Slide 1: Corporate Presentation
Corporate Presentation6IX August 30, 2021 Exhibit 99.2
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation contains forward-looking statements regarding CORE that are intended to be covered by the safe harbor "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995, based on CORE’s current expectations and includes statement
Slide 3: Non-GAAP Measures and Cautionary Note on Resources
NON-GAAP MEASURES The Preliminary Economic Assessment (“PEA”) referenced herein was prepared in accordance with Canadian National Instrument 43-101 (NI 43-101). CORE is not subject to regulation by Canadian regulatory authorities and no Canadian regulatory authority has reviewed the PEA or passed up
Slide 4: Developing Alaska's Next Gold Mine(s)
Developing Alaska’s Next Gold Mine(s) Manh Choh – in partnership with Kinross and the Alaska Native Tetlin TribeRecent Acquisition of Lucky Shot MineThree Early-Stage Exploration Projects:ShamrockEagle-HonaTriple Z 4
Slide 5: Corporate Overview
CORPORATE OVERVIEW Traded on OTCQB – Pursuing listing on NYSE American6.67 Million Shares Outstanding6.77 Million Shares Fully Diluted100,000 OptionsNo Warrants and No Long Term Debt~ $US29 Million Cash Contango Owns 30% of Peak JV; Kinross Owns 70% and is OperatorContango Owns 100% on adjacent 160,
Slide 6: Lucky Shot Portal Circa 1930
Lucky Shot Portal Circa 1930 6
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Slide 9: Lucky Shot Property Historic Resources
Lucky Shot Property Historic Resources1,2 M&I: 206k Tonnes @ 18.3 g/t Gold for 121,500 Ounces of Contained Gold 1 The historical production information presented is based upon reports file by the prior owners and operators of the mines. The Company has not undertaken any independent work to verify o
Slide 10: Patented mining claims and State of Alaska claim locations
Patented mining claims and State of Alaska claim locations showing Coleman-Lucky Shot-War Baby and Gold Bullion Mines 10
Slide 11: En: res *
aa} ; ae En: res * Coleman block By Lucky Shot block Om Ai a Hull 0 fy. yen 4 9 ,. \ 4 Wie ‘ . % .
Slide 12: Lucky Shot Property
Lucky Shot Palmer Anchorage Willow Wasilla Mill Building Fairbanks Mill Building Parks Hwy Glenn Hwy Willow-Fishhook Rd Lucky Shot Property Palmer Wasilla 12
Slide 13: Established Infrastructure, High Grade, District Scale Potential
13 Established InfrastructureHigh Grade – 1 to 2 oz/t Historic grades1District Scale PotentialWell understood geologyLarge digital databaseIn process of hiring Mine General Manager to lead Lucky Shot Program1 The historical production information presented is based upon reports file by the prior own
Slide 14: Lucky Shot Property Historic Drill Intercepts
1 The historical production information presented is based upon reports file by the prior owners and operators of the mines. The Company has not undertaken any independent work to verify or confirm the previously reported information.2 Based on a 2016 pre-feasibility study by Hard Rock Consulting. A
Slide 15: Acquisition Summary
Acquisition Summary $5 million in cash and a $6.25 million promissory note payable by in common stock of CORE upon up-listing to the NYSE American by February 28, 2022, or if later in cash1st Milestone Payment – pay $5 million in cash and $3.75 million in CORE shares upon either: 1) announcing a SK1
Slide 16: Contango Exploration Plan for Lucky Shot Project
Contango Exploration Plan for Lucky Shot Project South North Rehab and extend existing Ensearch and Lucky Shot underground workings prep for exploration drillingDrill out down-dip block from new underground exploration/development drifts in 2021-2022 below area that historically produced 250,000 oun
Slide 17: Manh Choh Gold Deposit
Manh Choh Gold Deposit1.3 Moz Gold – Measured plus Indicated Resources1Average grade = 4g/t Gold1Located in Alaska on the Alaska HwyOn Private Land Owned by the Tetlin Alaska Native TribeBusiness Partnership with Kinross - Using the Fort Knox Milling Facilities Lower capital costs, Smaller Environ
Slide 18: Near-Term Production Potential & Excellent Exploration Upside
NEAR-TERM PRODUCTION POTENTIAL & EXCELLENT EXPLORATION UPSIDE 18 MANH CHOH GOLD PROJECT OTCQB:CTGO In September 2020 entered into 70/30 JV agreement with Kinross (Operator) to form new Peak Gold LLC, with Royal Gold and Tetlin Tribe retaining royalty interests;Plan is to mine Manh Choh Gold Ore, the
Slide 19: Manh Choh Gold Project: Anticipated Economics
MANH CHOH GOLD PROJECT: Anticipated Economics Using existing infrastructure, the Peak Gold LLC is planning on a a 2024 start dateCapital Costs - Existing infrastructure expected to reduce total capital requirements to ~US$110 million – Recently revised to a range of $105 to $130 million based on rec
Slide 20: Health and Safety
20 Health and Safety Manh Choh & all Contango Projects haveZero LTIs
Slide 21: Hiring and Training Local Residents
Hiring and Training Local Residents 21
Slide 22: Community Meetings
Community Meetings - Tetlin Village TokTanacrossNorthwayMentasta LakeDelta JunctionFairbanks Fox Tanana Chiefs ConferenceDoyon Alaska Chamber & AMA 22
Slide 23: Manh Choh Gold Project Location
The project is located 15 km (10 mi) from the Alaska Hwy and 400 km (250 mi) to the Fort Knox Milling Complex 23 MANH CHOH GOLD PROJECT LOCATION PEAK DEPOSIT Image used with permission from Kinross
Slide 24: Peak Gold JV Project Highlights
PEAK GOLD JV 24 Processing ore from the Peak Gold Project at Fort Knox avoids mill construction and is expected to decrease execution risk, lower capital expenditures, drive attractive returns, and reduce the project’s environmental footprint and permitting requirements.Leverages Fort Knox’s success
Slide 25: Manh Choh Gold Project 2021 Drilling Program
MANH CHOH GOLD PROJECT 2021 Drilling Program 25
Slide 26: Manh Choh Gold Project 2021 Budget: $19 Million
26 MANH CHOH GOLD PROJECT 2021 Budget: $19 Million In-fill drilling to upgrade Resources from Indicated to Measured and Inferred to Indicated Categories – Reserves with FSCondemnation drill – Placement of FacilitiesMetallurgy – Completed, Testing UnderwayHydrology – Water Management PlanIn-pit Geote
Slide 27: Manh Choh Gold Project Simple Development Plan
27 MANH CHOH GOLD PROJECT Simple Development Plan Two Open Pits with Development Rock /Waste materials adjacent to pitsNo Mill No Tailings FacilityEngineering and Environmental Studies to Support Feasibility Study and Permitting are UnderwayTarget early construction to start in the summer of 2022 an
Slide 28: Lower Risk & Reduced Timeline to Production Decision
28 LOWER RISK & REDUCED TIMELINE TO PRODUCTION DECISION DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PRODUCTION DETAILED DESIGN PROCURMENTCONSTRUCTION $19 million Program in 2021: Resource In-fill, Hydrology, Geotechnical, Metallurgical Engineering; Environment and Community OutreachWith ~$2 mill
Slide 29: Shamrock Property
1Includes resources, reserves and historic productionSource of data see Company websites:Donlin – NovaGoldFort Knox – KinrossDolphin – Freegold VenturesLivengood – International Tower HillPogo – Northern StarManh Choh – Contango OreKlaza - Rockhaven ResourcesCoffee – NewmontEagle – Victoria GoldBrew
Slide 30: Shamrock Project 2021 Soil Sampling Program
30 Shamrock Project 2021 Soil Sampling Program774 soils and 72 rocks samples collectedFollow up trenching planned for this fall on Banner Zone Program on schedule and on budget Hilltop Grid Banner Grid
Slide 31: Shamrock Project Electronic Database
31 Shamrock Project Purchased Electronic database from Coeur MiningGeochem database Includes: 1,364 Rock Samples 3,196 Soil Samples 1,253 Stream Sediment Samples 753 Pan Concentrate SamplesGeophysical survey and analysisDrilling Target Drilling in 2022
Slide 32: Hart, C.J.R., 2005. Mid-Cretaceous Magmatic Evolution and Intrusion-related Metallogeny of the Tintina Gold Province,
32 1 Hart, C.J.R., 2005. Mid-Cretaceous Magmatic Evolution and Intrusion-related Metallogeny of the Tintina Gold Province, Yukon and Alaska. Unpublished PhD thesis, University of Western Australia, 198 p. 1
Slide 33: Eagle-Hona Sampling Program
Eagle-Hona Sampling ProgramPrevious to 2021 33
Slide 34: Eagle-Hona 2021 Sampling Program
Eagle-Hona 2021 Sampling Program 34 ~2000 Rock and Pan Concentratesamples
Slide 35: Trench Sampling on Priority Areas
Trench Sampling on Priority areas Steep Terrain – Safety First!Trench sampling in high priority areasNo results yet, but expect by end of SeptemberField program should wrap up by end of the month on budget 35
Slide 36: Developing Alaska's Next Gold Mine in Partnership with Kinross
36 Partnered with Proven OperatorPlan to truck ore to Fort Knox mill simplifies permitting and executionKinross has proven operating experience in Alaska further reducing riskThe plan lowers the required capital and shortens timelines to production by leveraging existing infrastructureHigh grade ope
Slide 37: Thank You
37 THANK YOU
Slide 38: Corporate Inquiries
Corporate Inquires:info@contangoore.com+1-778-386-6227www.contangoore.com OTCQB:CTGO Twitter: @orecontangoLinkedIn: Contango OREInstagram: ContangoOREFacebook: Contango ORE
Slide 39: Non-GAAP forward-looking estimates note
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA, which are a financial measure not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimated AISC, resour