I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (May 2024)
23 slides from I-80 Gold's investor presentation, May 2024
Slide 1: Made in the U.S.A.
MADE IN THE U.S.A. NYSE:IAUX | TSX:IAU May 2024
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CautionaryStatementRegarding Forward-Looking Information DISCLAIMER Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements or information regarding: com
Slide 3: U.S. Focused Gold Explorer, Developer & Producer
U.S. Focused Gold Explorer, Developer & Producer ALL-NEVADA PORTFOLIO i-80 is one of the largest holders of gold and silver resources in the United States MAJOR RESOURCE BASE COVE 14.5 M oz Au (6.5 M oz M+I – 8.1 M oz Inf) & +180 M oz Ag (104 M oz M+I – 76.5 M oz Inf) Multiple poly-metallic deposits
Slide 4: Fundamentals: Large High-Grade Resource Base
FUNDAMENTALS Large High-Grade Resource Base Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) • Targeting a significant increase in AuEq resources: M&I (Moz Au) Inferred (Moz Au) • Underground and surface drilling in the SPZ at Granite Creek 15.2 • Significant expansion potential
Slide 5: Fundamentals: Superior Grades
Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) FUNDAMENTALS Superior Grades SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) • i-80 open-pit grades rank among the 1.77 2.00 1.80 1.52 1.42 highest-grade in the US, especially 1.38 1.39 1.60 1.40 1.11 when compared to
Slide 6: Fundamentals: Low Jurisdictional Risk
Investment Attractiveness Index Policy Perception Index FUNDAMENTALS Low Jurisdictional Risk Opportunity • 100% US Projects (all Nevada) • Nevada is ranked as the world’s #1 most favourable jurisdiction for both Investment Attractiveness and Policy Perception by the Fraser Institute • Security of la
Slide 7: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS EWAN DOWNIE MATT GILI MATT GOLLAT RYAN SNOW TODD ESPLIN ANDY COLE JON LAIRD TONY CARROLL Chief Executive President & COO Executive Vice- Chief Financial Officer Technical Director Senior Mining & Cove & Granite Creek Lone Tree Plant Offi
Slide 8: Central Nevada: World's Most Productive Gold District
CENTRAL NEVADA World’s Most Productive Gold District • The Carlin & Battle Mountain Trends in Central Nevada collectively represent the world’s most productive gold “district” • i-80 is the largest holder of gold resources in the Central Nevada district next to Nevada Gold Mines (Barrick-Newmont JV)
Slide 9: Lone Tree Mine
• One of three companies in Nevada with refractory ore processing facility • Future Upside Opportunities: 100% OWNED • Powerline Fault Underground LONE TREE MINE • Sequoia Fault Discovery GRANITE CREEK MINE • Buffalo Mountain Near-Pit Mineral Resources Tonnage Au Grade Gold OUR COMPETITIVE ADVANTAGE
Slide 10: Granite Creek
GRANITE CREEK (Au) Location: • Immediately South of NGM’s Turquoise Ridge Mine (+25 M oz Au) • ~55km to Lone Tree autoclave UNDERGROUND AND OPEN PIT RESOURCES Mineral Resources – Underground Status: • Underground development of the South Category Tonnage Au Grade Gold Pacific Zone planned in 2024 (k
Slide 11: Granite Creek Resource Expansion
GRANITE CREEK 600 m Resource Expansion • The SPZ Zone remains open at depth and along strike to the north • Surface & underground results demonstrate grades consistently in Open excess of 10 g/t Au over expected mine widths • Historic drilling suggests the potential to extend mineralization >1 km no
Slide 12: Cove Mine
COVE MINE (Au, Ag, Zn, Pb) Location: • Immediately South of NGM’s Phoenix Cu- Au Mine Buffalo Mtn • ~ 85 km to Lone Tree autoclave UNDERGROUND RESOURCES (i-80) Status: Mineral Resources2 • Underground definition drilling program to Tonnage Au Grade Gold Converse increase M+I resources - FS (kt) (g/t
Slide 13: Cove Mine Advanced Exploration Program
COVE MINE Advanced Exploration Program • One of the highest-grade, development stage, gold deposits in North America • Open for expansion down-plunge • Large-scale property with excellent exploration upside • Several new discoveries have yet to be followed-up including polymetallics PG-01 40.0 g/t –
Slide 14: Ruby Hill
RUBY HILL (Au, Ag, Zn, Pb, Cu) UNDERGROUND AND OPEN PIT RESOURCES Location: Mineral Resources – Underground • Dominant land position in the Eureka Category Tonnage Au Grade Gold Mining District (kt) (g/t) (Koz) • ~250 km to Lone Tree M&I 1,200 5.22 202 Status: Inferred 8,210 6.02 1,588 • Permitting
Slide 15: Ruby Hill: Multiple Deposits – Shared Infrastructure
RUBY HILL Multiple Deposits – Shared Infrastructure • Designing infrastructure to access both gold (Ruby Deeps & 426) and polymetallic Upper Hilltop base metal deposits (Blackjack & Hilltop) • Underground platforms will provide improved locations to target expansion of mineralized zones & reduce cos
Slide 16: Polymetallic Zones
POLYMETALLIC ZONES CRD Mineralization (Hilltop Discovery) • Drilling has defined multiple zones of CRD mineralization along the Hilltop fault structure over a strike length of ~750 m • High-grade mineralization in the Upper, Lower and East Hilltop Zones Skarn Mineralization • South-most hole drilled
Slide 17: FAD Project (Au, Ag, Zn, Pb)
FAD PROJECT (Au, Ag, Zn, Pb) Open for expansion to the SE and NE High-Grade Polymetallic Deposit • Definition and expansion drill program completed in 2023 – recent results include: • 9.0 g/t Au, 92.4 g/t Ag, 12.2% Zn & 1.0% Pb - 14.6 m (PC23-22) • 3.9 g/t Au, 185.6 g/t Ag, 11.1% Zn & 3.6% Pb - 25.4
Slide 18: Summary
SUMMARY GROWTH EXECUTING OUR CAPITAL ALLOCATION STRATEGY Organic growth platform with a goal of Executing a plan to grow reserves & Prioritizing reserve increases and mine becoming Nevada’s 2nd largest gold resources, production, and cash flow development producer with sustainable development opport
Slide 19: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 314,888,675 Warrants 25,216,409 Options 11,285,193 RSU’s/DSU’s 3,443,239 Fully Diluted 354,833,516 • On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears a
Slide 20: Mineral Resources
MINERAL RESOURCES MINERAL RESOURCES1,2,3,4,5,6 Tonnes Au Grade Ag Grade Au Ounces Ag Ounces (kt) (Au g/t) (Ag g/t) (Koz) (Koz) Mineral Resources Attributable to i-80 Gold Corp. upon closing of the Lone Tree Measured and Ruby Hill Arrangements Granite Creek - Open Pit 20,857 1.47 988 Granite Creek -
Slide 21: Drill Hole Press Release Links
DRILL HOLE PRESS Granite Creek https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-underground-drilling-at-granite-creek/ RELEASE LINKS: https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-expansion-drilling-at-granite-creek/ https://www.i80gold.com/i-80-gold-reports-final-re
Slide 22: Drill Hole Press Release Links
DRILL HOLE PRESS Ruby Hill RELEASE LINKS: https://www.i80gold.com/i-80-gold-drilling-intersects-7-1-g-t-au-over-78-6-m-including-10-1-g-t-au-over-41-8-m-at-ruby- hill/ Press Release links to complete assay https://www.i80gold.com/i-80-gold-intersects-19-8-g-t-au-over-33-2-m-in-southmost-step-out-hol
Slide 23: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS RON CLAYTON EVA BELLISSIMO JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV CHRISTINA MCCARTHY Chairman Director Director Director Director Director Director 40+ years exploration, 20+ years legal, 40+ years operational 25 years experience in Chartered Professional Gen