Slide 1: Corporate Presentation – October 13, 2022
Corporate Presentation – October 13, 2022 TSXV: KORE OTCQX: KOREF Mining with a difference koremining.com 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward‐looking statements relating to the future operations of KORE Mining Ltd. (“KORE” or the “Company”) and other statements that are not historical facts. Forward‐looking statements are often identified by terms such as “anticipate”, “believe
Slide 3: Forward Looking Statements & Non-IFRS Measures
Forward Looking Statements & Non-IFRS Measures Cautionary Note Regarding Mineral Resource Estimates: Information regarding mineral resource estimates has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States Securities and
Slide 4: The Local Problem: Shrinking Salton Sea, California
THE LOCAL PROBLEM SHRINKING SALTON SEA, CALIFORNIA 2003 2047 Hundreds of $$ millions 100,000 acres toxic for remediation require playas and reduction in quality of life large amounts of clean construction materials... “The dwindling water supply increases the lake's salinity, killing off fish, dest
Slide 5: The Local Solution: ACES
THE LOCAL SOLUTION Excess material from mine backfilling generates large amounts of clean materials for ACES Salton Sea remediation A CLEAN ENVIRONMENT FOR THE SALTON SEA ˃ Imperial gold mine backfilling leaves NO long-term impact on local landscape ˃ No additional land disturbance for construction
Slide 6: What Makes KORE an Investment Opportunity?
WHAT MAKES KORE AN INVESTMENT OPPORTUNITY? GOLD OUNCES IN GROUND RESPONSIBLE DEVELOPMENT Diversified asset base in the US: a safe and Targeting positive environmental benefit stable jurisdiction through ACES and backfilling to eliminate long term impacts to landscape VALUE OF RESOURCES Imperial PEA:
Slide 7: California: KORE Value, Ounces-in-the-Ground
KORE VALUE OUNCES-IN-THE-GROUND 1 Ind 1.2Moz @ 0.58 g/t Au Long Valley Inf 0.5M0z @ 0.65 g/t Au CALIFORNIA 2 Ind 0.9Moz @ 0.59 g/t Au Imperial Inf 1.3Moz @ 0.46 g/t Au Ind 2.1 Inf. 1.8 Moz across 2 projects 1. ”Preliminary Economic Assessment NI 43-101 Technical Report; Long Valley Project Mono Coun
Slide 8: Low Capital, High Return Projects
LOW CAPITAL, HIGH RETURN PROJECTS IMPERIAL LONG VALLEY PEA1 PEA2 US$343 M US$273 M NPV5% ˃ 100% owned ˃ Low capital intensity C$458 M C$389 M ˃ Heap leach ˃ High return Gold Price $1,450/oz $1,600/oz ˃ Nearby infrastructure ˃ + Exploration upside High IRR 44% 48% Low Initial Capex US$143 M US$161 M
Slide 9: Imperial County
IMPERIAL COUNTY EXPERIENCED MINING JURISDICTION Mesquite - Au IMPERIAL GOLD PROJECT Picacho US Gypsum (Au) American Girl / LONG HISTORY ECONOMIC ENVIRONMENTAL Tumco (Au) OF MINING DEVELOPMENT LAW COMPLIANCE ˃ Mesquite mine operating ˃ 15% unemployment in ˃ Imperial County applies since 1985 (open pi
Slide 10: District Scale Mesquite-Imperial-Picacho
DISTRICT SCALE MESQUITE-IMPERIAL-PICACHO MESQUITE MINE (owned by Equinox Gold) 4.8 Moz produced (to Dec 2021) Open pit heap leach Built in 1985 by Goldfields ˃ Controls 28km Mesquite-Imperial- Picacho District ~31,000 acres Imperial Resource* Ind 0.9Moz @ 0.59 g/t Au • 100% owned, no royalties Inf 1
Slide 11: Mesquite-Imperial-Picacho Generating Drill Targets
MESQUITE-IMPERIAL-PICACHO GENERATING DRILL TARGETS POTENTIAL FOR MULTIPLE, OXIDE GOLD DISCOVERIES MESQUITE MINE ˃ Geology team mapping, sampling and prospecting ˃ HUGE area to cover; objective to prioritize IMPERIAL additional drill permit applications ˃ Nine target areas (gold anomalies on Galaxy s
Slide 12: Long Valley Gold Project
12 LONG VALLEY GOLD PROJECT HIGH RETURN PEA WITH GROWTH POTENTIAL 12
Slide 13: Long Valley Sulphide Targets
LONG VALLEY SULPHIDE TARGETS • Multiple feeder structure targets >10km strike Current Resource Area • Extending down over 350 meters • Targeted by IP geophysics Current Resource Area PERMIT GRANTED DRILL TESTING OF HIGHEST PRIORITY TARGETS PERMITTED for SUMMER 2022 13 1 See January 29, 2020 Long Val
Slide 14: Long Valley Growth
LONG VALLEY GROWTH PEA UPSIDE OXIDE RESOURCE GROWTH TARGETS ˃ Shallow epithermal gold deposit (current oxides avg. only 60m depth) ˃ Multiple resource expansion targets for near surface oxide gold • Oxide gold basis for PEA mine plan PERMIT GRANTED 14
Slide 15: Market Capitalization
TSXV: KORE SHAREHOLDER ALIGNMENT OTCQX: KOREF OWNERSHIP Percent Basic Shares Outstanding Issued & Outstanding (basic) 115.3 M MARKET CAPITALIZATION Options and RSUs 11.4 M Warrants (3.5M at $1.50; 4.6M at $1.35 and 0.5M 8.6 M at $0.95) Fully Diluted (at May 27, 2022) 135.3 M Mgmt & Board Public 28%
Slide 16: KORE Experience
KORE EXPERIENCE EXPERIENCED MANAGEMENT & BOARD EXPERIENCE ACHIEVEMENTS Chairman & CEO 15 YEARS Geological engineer and founder of KORE and Karus Gold. Previously entrepreneur JAMES HYNES in Mining Industry in aggregate business. CFO ANIL JIWANI 15 YEARS Over 10 years experience leading financial rep
Slide 17: What Makes KORE an Investment Opportunity?
WHAT MAKES KORE AN INVESTMENT OPPORTUNITY? GOLD OUNCES IN GROUND RESPONSIBLE DEVELOPMENT Diversified asset base in the US: a safe and Targeting positive environmental benefit stable jurisdiction through ACES and backfilling to eliminate long term impacts to landscape VALUE OF RESOURCES Imperial PEA:
Slide 18: Thank You
THANKYOU For more information, contact Investor Relations info@koremining.com 1-888-407-5450 (toll free) KORE Integrity KORE Integrity koremining.com KORE Value KORE Value Follow us on KORE Mining KORE Mining TSX-V: KORE OTCQX: KOREF 18