Galleon Gold Corp · TSXV:GGO
Galleon Gold — Investor Presentation (April 2022)
28 slides from Galleon Gold's investor presentation, Apr 1, 2022
Slide 1: West Cache Gold Project Corporate Presentation
Disclaimer WEST CACHE GOLD PROJECT Corporate Presentation ON TREND IN THE TIMMINS CAMP April 2022 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: Capital Markets Profile
Capital Markets Profile Capital Structure Shares outstanding 54.4M Current Share Price April 4, 2022: $0.54 Options outstanding 2.9M1 Warrants outstanding 18.4M2 52 Week Share Price FD shares outstanding 75.7M High: $1.40 Market capitalization (basic @ Apr. 4, 2022) C$29.4M Low: $0.45 1. 2.9M option
Slide 4: Trading at a Large Discount to Comparable Canadian Gold Explorers/Developers
Trading at a Large Discount to Comparable Canadian Gold Explorers/Developers EV/Resource (C$/oz AuEq)1 $178 $155 Trading at only C$17/oz (70% discount to sector average) $132 $124 $107 $102 $78 $68 $67 $67 $66 $59 $57 $52 $51 $50 $48 $46 $46 $45 $45 Average: $55 $35 $34 $17 $20 $18 $17 $17 $16 $15 $
Slide 5: Located in the Porcupine Destor Gold Belt
West Cache Gold Project Located in the Porcupine Destor Gold Belt Porcupine Destor Gold Belt Timmins Gold Camp Au Endowment (oz) Gold Producing Districts 119,604 – 200,000 200,001 – 400,000 400,001 – 600,000 IROQUOIS FALLS Kidd Creek Mine 600,001 – 750,000 Cu-Zn-Ag 750,001 – 1,000,000 1,000,001 – 20
Slide 6: West Cache Gold Project
West Cache Gold Project Land Lease Status Approved – requirement for permitting 6
Slide 7: Galleon Gold: Delivering on Strategy
Galleon Gold Delivering on Strategy Upgrade Resource – Advance Permitting – Discover High Grade Galleon Gold acquires West Cache Gold Project through merger – 2020 Infill drill known mineralization - expand and upgrade resource – 2020/21 Identify high grade mineralization for initial mine developmen
Slide 8: Updated Mineral Resource Estimate – Underground Model
West Cache Gold Project Updated Mineral Resource Estimate – Underground Model Underground Mineral Resource @ 1.6 g/t Au Cut-Off Classification Tonnes Au Au k g/t koz Indicated 4,051 3.63 472 Inferred 11,788 2.87 1,088 1. Mineral Resources that are not Mineral Reserves do not have demonstrated econom
Slide 9: Updated Mineral Resource Estimate – Sensitivities
West Cache Gold Project Updated Mineral Resource Estimate – Sensitivities Cut-off Tonnes Au Au Classification Au g/t k g/t k oz 5.0 753 7.79 189 3.0 1,750 5.54 311 2.5 2,287 4.88 359 2.0 3,142 4.16 420 Indicated 1.6 4,051 3.63 472 1.25 5,288 3.11 528 1.0 6,564 2.72 574 0.5 10,591 1.96 668 5.0 759 6.
Slide 10: PEA Economics – Toll Processing
West Cache Gold Project PEA Economics – Toll Processing Preliminary Economic Assessment Metrics 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
Slide 11: PEA Technical Data and Financial Results
West Cache Gold Project PEA Technical Data and Financial Results West Cache Project Economics – Toll Processing Average cash cost (LOM) US$ per ounce $814 Average AISC (LOM) US$ per ounce $987 Initial Capital Costs C$ million $150 Sustaining Capital Costs (LOM) C$ million $199 Average annual Au prod
Slide 12: Sensitivity to Gold Price
West Cache Gold Project Sensitivity to Gold Price Sensitivity to Gold Price (pre-tax) Price per ounce of gold NPV5% (million) IRR % US$1,500 C$224.5 23.3 % US$1,600 C$301.4 28.6 % US$1,700 C$378.3 33.7 % US$1,800 C$455.5 38.7 % US$1,900 C$532.6 43.6 % US$2,000 C$609.8 48.4 % Sensitivity to Gold Pric
Slide 13: PEA Production and Operating Metrics
West Cache Gold Project PEA Production and Operating Metrics Operating Costs LOM Cost (C$ million) Cost (C$/t processed) Mining 609.2 64.40 Processing 264.8 28.00 G&A 42.7 4.51 TOTAL 916.7 96.92 Capital Cost Initial (C$ million) Sustaining (C$/million) Total (C$ million) Mining and mine development
Slide 14: Mine Plan
West Cache Gold Project Mine Plan Deposit covers an area of 2.1 km x 1.2 km and extends 1.0 km from surface Mine Plan divided into four mining area (Mines A-D) each with its own portal and ramp to access the deposit Mineralized material will be extracted by longhole retreat stoping methods S
Slide 15: Mine Development Plan – Plan View
West Cache Gold Project Mine Development Plan – Plan View N East Zone Extension East Zone North Zone MINE B MINE D West Deep West Zone Legend Mine Development/Ramps MINE A Zone #9 MINE C Mineralized Zones Mining Area Zone #9, South Zone West Zone West Deep, North Zone East Zone South Zone East Zone
Slide 16: Mine Development Plan – Longitudinal View Looking North
West Cache Gold Project Mine Development Plan – Longitudinal View Looking North MINE B MINE A MINE C MINE D North Zone East Zone West Zone Zone #9 1 km East Zone Extension Legend Mine Development/Ramps Mineralized Zones Mining Area West Deep Zone #9, South Zone West Zone West Deep, North Zone Prelim
Slide 17: Mine Development Plan – 3D View Looking East
West Cache Gold Project Mine Development Plan – 3D View Looking East MINE D MINE C MINE B MINE A East Zone Extension West Zone East Zone Zone #9 South Zone 1 km West Deep Block Model Au (g/t) 20 – 26 10 – 20 Legend 5 – 10 Mine Development/Ramps 1-5 Mining Stopes Block model and preliminary mine desi
Slide 18: Project Site Plan Development for 2022 PEA
West Cache Gold Project Project Site Plan Development for 2022 PEA
Slide 19: Focus of Initial Mine Planning – Zone #9
West Cache Gold Project Focus of Initial Mine Planning – Zone #9 North Zone East Zone West Zone South Zone Zone #9 1 km Drill Hole Intercept Au (g/t) >/= 0.5 Logarithmic scale Mineralized Zone West Deep Zone #9 & West Deep 3D View East Bearing 100° Inclination -10° 19
Slide 20: 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 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-20-42: 7.44 g/t
Slide 21: In Good Company in the Camp
West Cache Gold Project In Good Company in the Camp West Cache Deposit (Galleon Gold) 3D View East East Zone Zone #9 South Zone 1 km West Deep View East Source: Galleon Gold Corp, Preliminary Mine Design by P&E Mining Consultants Timmins West Mine (Pan American Silver) Timmins Camp Producing Mine Pa
Slide 22: Next Steps
West Cache Gold Project Next Steps 2022 Commence drill program • Infill drilling to increase near-mine resources and convert inferred to indicated • Deeper drilling to test plunge area between Zone #9 and West Deep • Step-out exploration drilling to test targets outside of known resource area • Ex
Slide 23: Proposed Zone #9 Bulk Sample - confidence from drilling
West Cache Gold Project Proposed Zone #9 Bulk Sample - confidence from drilling Drill Hole Intercepts in Bulk Sample Area (100 to 200m below surface) WC-20-030: 6.0m @ 9.43 g/t WC-20-042: 7.9m @ 8.49 g/t WC-20-080: 8.0m @ 8.91 g/t WC-20-081: 9.0m @ 9.54 g/t WC-20-097: 8.0m @ 8.80 g/t WC-
Slide 24: Proposed Zone #9 High Grade Stoping Block
West Cache Gold Project Proposed Zone #9 High Grade Stoping Block > 5 g/t Portal Grade and tonnage subject to change with additional evaluation and drilling Legend Mine Development/Ramps Mineralized Block View Southeast 130° Zone #9 Bulk Sample Area Block Model > 5 g/t Au 24
Slide 25: Mining Information – Proposed Zone #9 Bulk Sample
West Cache Gold Project Mining Information – Proposed Zone #9 Bulk Sample Development: Portal Portal and ramp optimization design ongoing Ramp development – 1,435 m West Zone Re-mucks/Cut-outs – 158 m Zone #9 Level Access – 150 m Ore Development – 600 m South Zone Mining Method: Long
Slide 26: Key Milestones to Reach Bulk Sample
West Cache Gold Project Key Milestones to Reach Bulk Sample Ongoing Permitting Activities • Exploration programs • Baseline and environmental studies • Expand resource • First Nations consultations • Step-out drilling to test regional targets • Mine Closure Plan development outside of known resource
Slide 27: Investment Highlights
Investment Highlights WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT Location– 13 km West of Timmins, Ontario Strong Project Economics Commenced Permitting Initiatives for Bulk Sample Huge Blue Sky Exploration Potential 27
Slide 28: Contact
Disclaimer WEST CACHE GOLD PROJECT ON TREND IN THE TIMMINS CAMP David Russell, CEO & President info@galleongold.com. 416-644-0066 28