Westhaven Gold Corp · TSXV:WHN
Westhaven Gold — Investor Presentation (June 2024)
21 slides from Westhaven Gold's investor presentation, June 2024
Slide 1: Exploring British Columbia's Newest Gold Belt
Exploring British Columbia’s Newest Gold Belt TSX: WHN.V │ WESTHAVENGOLD.COM June 2024
Slide 2: Cautionary and Forward-Looking Statements
Cautionary and Forward-Looking Statements Certain statements contained in this presentation that are not historical facts are forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of 1995. In addition, certain statements in this presentation
Slide 3: District-Scale Potential
District-Scale Potential 4 Projects 37,000 ha on the SBGB 100% Owned TSX: WHN.V 3
Slide 4: Spences Bridge Gold Belt
Spences Bridge Gold Belt Source of the Fraser River Gold Rush? • Gold discovered in 1857 • Drew ~20,000 prospectors to the area • Yale was the largest town north of San Francisco and west of Chicago TSX: WHN.V 4
Slide 5: High-Grade Gold Discovery in British Columbia
High-Grade Gold Discovery in British Columbia Flagship Shovelnose project next to a major highway, 30 minutes from Merritt, B.C. TSX: WHN.V 5
Slide 6: Shovelnose Gold Property
Shovelnose Gold Property 2.5-hour drive from Vancouver 30-minute drive from Merritt 5km from the Coquihalla Highway Powerline on property Heavily logged, with forestry roads in place Year-round exploration TSX: WHN.V 6
Slide 7: Shovelnose Gold Property Drilling Highlights
23.03m of 37.24 g/t Au and 209.52 g/t Ag Including 1.12m of 294 g/t Au and 2,110 g/t Ag FRANZ 12m of 39.42 g/t Au FMN and 51.81 g/t Ag 8m of 20.22 g/t Au TOWER and 83.97 g/t Ag ALPINE 10.56m of 3.67 g/t Au MIK and 10.40 g/t Ag 3.68m of 17.61 g/t Au LEAR and 31.49 g/t Ag Including 1.65m of 27.6 g/t A
Slide 8: 2024 Drill Targets
12.00m of 39.42 g/t Au and 51.81 g/t Ag 23.03m of 37.24 g/t Au Franz SN22-333 and 209.52 g/t Ag 2024 Drill Northwest Franz SN22-212 Targets HydBX-02 Romeo Shovelnose: FMN Southeast • Line 6 MIK PEA area for South • Carmi Line 6 Zone deposit based on underground • Hydrothermal mining scenario Breccia
Slide 9: Two new quartz bedrock discoveries at Shovelnose
Two new quartz bedrock discoveries at Shovelnose TSX: WHN.V 9
Slide 10: Robust Preliminary Economic Assessment of South Zone
Robust Preliminary Economic Assessment of South Zone Strong Case for Underground Mining Scenario Pre-Tax IRR of 41.4% and 9.5 year mine life with considerable After-tax IRR of 32.3% upside from FMN + Franz discoveries Preproduction Capex $149.6M + new exploration targets on Shovelnose property* Low-
Slide 11: Zone One Trend: High-Grade Gold Over 4km of Strike
Zone One Trend: High-Grade Gold Over 4km of Strike 473 gr-m 857 gr-m 141 gr-m 497 gr-m NW SE TSX: WHN.V 11
Slide 12: Skoonka Gold Property
Skoonka Gold Property DEADWOOD: SC07-043 3.84 g/t Au / 2.11m DEADWOOD: SC07-038 3.44 g/t Au / 4.67m BACKBURN: SC07-033 0.65 g/t Au / 13.5m JJ: SC22-006 1.28 g/t Au / 48.05m including 21.15 g/t Au / 1.90m JJ: SC22-014B 0.19 g/t Au / 98.64m including 4.40 g/t Au / 1.26m TSX: WHN.V 12
Slide 13: World-Class Potential
World-Class Potential Hishikari Mine Shovelnose Vein Swarm1 South Zone Veins 7.75 Moz Au Production Superimposed on at 30-40 gpt Au2 Hishikari Mine Footprint1 1Joh, D.A., Vikre, P.G., du Bray, E.A., Blakely, R.J., Fey, D., Rockwell, B.W., Mauk, J.L., Anderson, E.D., and Graybeal, F.T., 2010. Models
Slide 14: Company Snapshot
Company Snapshot Share Structure (June 1, 2024) Shareholders Shares Outstanding 148,512,527 Institutional Strategic Shares Fully Diluted 161,867,527 Market Capitalization ~$33M Cash (June 2024) $600K Directors & Officers 25% Insider Ownership Daily Average Volume ~130,000 10% Friends & Family 24% In
Slide 15: The Westhaven Way
The Westhaven Way Our Mission To deliver the highest standards of environment and social responsibility, with a specific focus on generating positive and long-term returns for all key stakeholders. Commitment to the Environment Westhaven acknowledges that there are more than 32,000 archaeological si
Slide 16: A Track Record of Exploration and Development Success
A Track Record of Exploration and Development Success Gareth Thomas Eira Thomas President and CEO, Director Chairman Shaun Pollard Victor Tanaka CFO Director Peter Fischl Hannah McDonald Exploration Manager Director Sean Thompson Paul McRae VP Corporate Development Independent Director and Investor
Slide 17: Why Invest in Westhaven?
Why Invest in Westhaven? Drill testing multiple targets in 2024 Exploration story with several targets on this large and underexplored, emerging gold belt in southwestern British Columbia Management and insiders are aligned with shareholders with 25% ownership Our unique strategic advantage: located
Slide 18: Contact us for more information
Contact us for more information: Sean Thompson 604-681-5558 info@westhavengold.com www.westhavengold.com TSX: WHN.V 18
Slide 19: Cash Flow Generation – High Margin – Low Cost
Cash Flow Generation – High Margin – Low Cost AISC and Margin Drivers Vein width and Gold Eq. Margin* steep orientation US$1,048 per AuEq oz.* Au grade and recovery Ease of access All-in Sustaining Proximity to Cash Costs* infrastructure US$752 per AuEq oz.* *Based on PEA base case parameters of US$
Slide 20: Underground Mineral Resource Estimate
Underground Mineral Resource Estimate Shovelnose Underground Mineral Resource Estimate @ 1.5 g/t AuEq Cut-off Contained Contained Contained Tonnes Au Ag AuEq Classification Au Ag AuEq (k) (g/t) (k oz) (g/t) (k oz) (g/t) (k oz) Indicated 2,983 6.38 612 34.1 3,273 6.81 654 Inferred 1,331 3.89 166 16.9
Slide 21: Underground Stope Blocks
Underground Stope Blocks • Maximum mineable vein width 37m • Steeply dipping • High-grade mineralization (+5g/t gold) • Continuity over hundreds of metres of strike length Please refer to July 18, 2023 news release - PEA TSX: WHN.V 21