Goldquest Mining Corp. · TSXV:GQC

Goldquest Mining — BMO Conference February/March 2022

18 slides from Goldquest Mining's conference presentation, March 2022

  1. Slide 1: BMO Conference February/March 2022

    BMO Conference February/March 2022

  2. Slide 2: Forward-looking statements

    Statements contained in this presentation that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward- looking statements in this presentation include, but are not limited to, statements with respect to the pre-feasibility study for

  3. Slide 3: Developing, Exploring, Well Financed, News-flow

    Developing – Romero Discovery  Multi-million oz. Au/Cu discovery in 2012  Latest PFS Nov. 2016: 28% IRR, NPV (5%) US$202 million  Exploitation License approved by Mines Ministry Jan 2018  Awaiting Presidential Approval  EIA/BFS to follow Approval Exploring – Discovery Of Multiple Deposits  The

  4. Slide 4: The Dominican Republic

    The Dominican Republic Canada Romero Project Tireo USA Concessions Puerto Plata Dominican Republic Falcondo Pueblo Viejo Mine Mine San Juan Santo Domingo source www.barrack.com Cerro de Maimon Mine www.goldquestcorp.com | 4 source www.perilya.com/au

  5. Slide 5: DR - Push for Exploitation license

    DR - Push for Exploitation license License = 75 years with tax stability agreement for 25 years Immediate acceleration of ESIA and FS work upon receipt Non - DR Business Development Target : gold, copper, other opportunities Target : North, Central and South America Conserve Cash until Exploitation

  6. Slide 6: 2016 PFS Highlights and Sensitivity to Gold Price

    2016 PFS Highlights After-Tax NPV & IRR Sensitivity to Gold Price Current Gold Price $1,900 vs. $1,300 PFS (+46%) Low Capex, High IRR, Scalable Deposit Current Copper Price $4.53 vs. $2.50 PFS (+81%) PFS Summary Results At US$1300 Au / US$2.50.lb Cu After Tax NPV5% After Tax IRR Start-Up CAPEX $158M

  7. Slide 7: Gold-Copper Starter Mine

    Gold-Copper Starter Mine only considers 35% of current M&I Resource Surface Portal Ventilation Access Ramp View Looking North Production Ramp  2,800 tpd – 75% Longhole  Large Stopes (up to 20m x 20m x 50m)  Options to expand mine as metal prices rise Remaining Mineral Resources www.goldquestcorp.

  8. Slide 8: Gold Equivalent Ounces

    NPV5% IRR AISC PAYBACK AFTER TAX $595/OZ. 2.5 The Gold/Copper Concentrate $203M 28% AuEq. YEARS Gold Equiv. Payable Oz. Starter Mine (35% of resource only) 180 GOAL: maintain or exceed 150,000 oz per year (Remaining Resource = Potential) 160 153,600 Gold Equivalent Ounces 140 136,800 135,600 124,800

  9. Slide 9: All in Sustaining Costs (AISC)

    NPV6% IRR AISC* PAYBACK $203M AFTER $595/OZ. 2.5 All in Sustaining Costs (AISC) TAXES AuEq. YEARS 28% $1,400 LOM LOM ($/tonne) ($/oz.) $1,200 Mining $27.7 $222.4 Gross Processing $11.6 $93.1 $1,000 Margin Tailings Management $1.3 $10.3 $705 Gold Price $800 G & A (Site) $5.4 $43.8 $600 Total Cash Cos

  10. Slide 10: Romero Project Exploration Focus

    Romero Project Exploration Focus www.goldquestcorp.com | 10

  11. Slide 11: The "String of Pearls"

    The “String of Pearls” Romero: 10.4 g/t - 234.8m Grab Samples Gold (g/t) 2.0 – 167.5 (201) BDL – 2.0 (3272) Las Tomates: 4.7 g/t - 6.8 m Tireo Land Package Perimeter Hydrothermal Alteration Romero South: 10.75 g/t - 28.5 m Ongoing Ex;loration Program Previously Reported Drilling Imperial: 8.5 g/t -

  12. Slide 12: Exploring the Tireo Belt

    Exploring the Tireo Belt Romero Deposit Romero South Deposit  Targets occur along the mineralized trend hosting the Cachimbo Discovery and the Romero Deposits  These deposits occur in clusters along plate IP Chargeability (mV/V) boundaries – we are on the Atlantic/Caribbean boundary  Target gener

  13. Slide 13: Romero style mineralization - Open in all directions

    Romero style mineralization - Open in all directions Surface sample: 168 g/t gold ?? 5 m @ 14 g/t gold, 12% zinc, 74 g/t silver 1% copper 21m @ 7.9 g/t gold 100 metres 1.8% zinc, 40 g/t silver .17% copper ?? www.goldquestcorp.com | 18

  14. Slide 14: Romero Exploitation Permit Delays

    Romero Exploitation Permit Delays Presidential statements this month imply approval www.goldquestcorp.com | < # >

  15. Slide 15: Upon receipt of Exploitation License, Funded to Aggressively Advance

    Upon receipt of Exploitation License, Funded to Aggressively Advance 1. ESIA – follow DR Ministry of Environment Terms of Reference 1. Mine, Road, Power line, Port 2. Develop existing Plan – simple, benign, “starter mine” 7 Mt Reserve 1. Project enhancement options 2. Examine upgrading options for 1

  16. Slide 16: An Emerging Developer with Exploration Upside

    COMPELLING SIGNIFICANT ECONOMICS CLEAR EXPLORATION DEVELOPMENT UPSIDE ROMERO: PATH Fully Scalable An Emerging Developer with Exploration Upside We have the money - we have the projects! www.goldquestcorp.com | 16

  17. Slide 17: Market Capitalization and Contact Info

    Market ~C$88 M Capitalization** Shares Outstanding 259,442,384 Basic Shares Outstanding 282,911,884 Fully Diluted Cash* +14 M Stock Price** C$0.34 * Cash (Actual) as of September 31st, 2021 **As of February 23 st, 2022 close Contact Info: Share Information For up to date share Bill Fisher - Chairman

  18. Slide 18: Mineral Reserve & Resource Estimate

    Mineral Reserve & Resource Estimate Romero Mineral Reserve Estimate Mine Reserves Tonnes Au Ag Cu Au Eq(1) (Cutoff $70 (g/t) (oz) (g/t) (oz) (%) (M lb) (g/t) (oz) NSR)(2) Total Probable 7,031,000 3.72 840,000 4.33 980,000 0.88 136 4.9 1,117,000 (1) Au equivalent metal prices: Au $1,300/oz Cu $2.50/l

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