Soma Gold Corp. · TSXV:SOMA
Soma Gold — Investor Presentation (May 2023)
29 slides from Soma Gold's investor presentation, May 23, 2023
Slide 1: Investor Presentation: May 23 2023
T S X V : S O M A / / O TC Q B : S M A G F TSXV:SOMA //OTCQB:SMAGF Investor Presentation: Investor Presentation – September 2022 May 23 2023 WWW.SOMAGOLDCORP.COM 1 1
Slide 2: Legal Disclaimer
T S X V : S O M A / / O TC Q B : S M A G F Legal Disclaimer Statement by Qualified Persons Some statements herein contain forward-looking information. These statements include, but are not limited to, statements with respect to the expected benefits from having a management team seeking to aggressiv
Slide 3: District Scale Property in prolific gold producing province of Antioquia, Colombia
District Scale Property in prolific gold producing province of Antioquia, Colombia • Recently acquired approximately 11,000 Ha (110 sq.km.) of mineral concessions, increasing the land package to approximately 41,000 Ha (410 sq. km, stretching 100 km along the prolific OTU fault system in Antioquia,
Slide 4: Transaction Description
Transaction Description Soma acquired the “OTU Centro” property from Grupo Bullet for USD $2.12 million • 11,160 Ha mineral concessions directly south of and contiguous to Soma property in Antioquia, Colombia • On trend with the mineralization associated with the OTU fault • Includes the Aurora Mine
Slide 5: Regional Mines and Land Packages
Regional Mines and Land Packages A dominant position in the Mangos and La Ye Mines – 200k oz. Mineros Alluvial most prolific region in Colombia: Cordero Mine – 300k oz. Soma Gold -27,060 Ha • Total post acquisition mineral rights El Limon Mine – 200k oz. holdings = aprox 41,000 Ha Touchstone • Total
Slide 6: Priority: Expanding Production and Resource at Cordero Mine
T S X V : S O M A / / O TC Q B : S M A G F Priority : Expanding Production and Resource at Cordero Mine • Cordero Mine achieved Commercial Production in January 2023 • Current Production of 450 TPD, ramping up to 700 TPD by Q4 2023 • El Limon mill to re-start in H2 2023 • Combination of Raised Stope
Slide 7: Cordero Production growth and forecast
Cordero Production growth and forecast Production Totals (oz Au): 16,168 17,170 20,484 23,800 36,500 47,000 47,000 50000 45000 40000 35000 30000 35,000 35,000 Ounces El Bagre 25000 El Limon 20000 33,500 15000 23,800 17,170 20,000 10000 16,168 12,000 12,000 5000 3,000 1 0 0 2019-A 2020-A 2021-A 2022-
Slide 8: Cordero Mine and El Bagre Mill – 2023 plan
Cordero Mine and El Bagre Mill – 2023 plan • Planned production for 2023 – 35,500 ounces Au • Ahead of plan as of end of April 2023 • 2024 plan – 47,000 ounces utilizing the el Limon mill 8
Slide 9: Cordero Mine
Cordero Mine A typical deposit on the Otu Fault – 260,000 oz. Au (expect it to grow to >500,000 ounces Open Open on on strike strike Open at depth 9
Slide 10: Phase 1 Cordero Underground development and construction completed
Phase 1 Cordero Underground development and construction completed 10
Slide 11: Cordero – Mechanized Cut and Fill Mining
Cordero – Mechanized Cut and Fill Mining Legend 11
Slide 12: 2023 Exploration Objectives
2023 Exploration Regional geology Objectives Increase the Cordero Resource: • 10,000m of underground and surface drilling at Cordero • Upgrade to include resource at depth and on strike Zara Concessions Evaluate and rank the regional targets with initial diamond drill programs • 10,000 m drill progr
Slide 13: Predicting mineralization with analysis of Regional Structural Geology
T S X V : S O M A / / O TC Q B : S M A G F Predicting mineralization with analysis of Regional Structural Geology WWW.SOMAGOLDCORP.COM 13
Slide 14: OTU Centro - Machuca Mines
OTU Centro - Machuca Mines • A series of underground mines along a 5 km trend • Wide veins (1-3 m) with grades of 15 – 30 gpt Au, dipping at 85° • Open at depth and on strike. Current resource estimate of >108,000 oz. Au. • Never been properly drilled but extensive channel samples taken from undergr
Slide 15: OTU Centro - Machuca targets
OTU Centro - Machuca targets Previous exploration in this zone indicates non- compliant resource of over 120,000 ounces Based on Soma’s knowledge of the structural geology in the region, the resource target for the Machuca/Auroradeposit is 200-250,000 ounces. This is consistent with the other known
Slide 16: Nechi – Being Permitted
T S X V : S O M A / / O TC Q B : S M A G F Nechi – Being Permitted Defined Resource Ready to Mine ➢ 2019 NI 43-1010 Resource Estimate of 120,000 Oz ➢ 42,000 m of DDH drilling with many additional targets ➢ 2,300 m of decline and underground development built ➢ Awaiting last permit to allow mining –
Slide 17: Environment, Social & Governance
T S X V : S O M A / / O TC Q B : S M A G F Environment, Social & Governance Environmental ➢ Soma formalizing small miners working on Soma mineral claims ➢ Eliminate the use of Mercury, leadng to improved health conditions for the miner ➢ Source of electricity is a “run of river” hydro plant. The min
Slide 18: 2022 Environmental Performance
2022 Environmental Performance ASSOCIATED ACTIVITIES ▪ Maintenance of Sustainability Seal. - Preparation and certification of water and carbon footprints. ▪ Carbon Footprint Certification - Compulsory and voluntary forest offsets. ▪ Environmental recovery of 10 hectares meeting the goal of planting
Slide 19: 2023 Environmental Plan
2023 Environmental Plan 2023 Goals giving special relevance to progress in actions that show us as an organization that is concerned about the increase in global warming and maintaining a responsible environmental culture. Water Footprint Certification • Technical document already prepared. • Februa
Slide 20: Training, Worker Safety and Community
T S X V : S O M A / / O TC Q B : S M A G F Training, Worker Safety and Community WWW.SOMAGOLDCORP.COM 20
Slide 21: Social Objectives
SOCIAL OBJECTIVES Contribute to the improvement of the Manage the relationship with stakeholders: Provide support to the processes of quality of life, promoting social, communities, governments and public and exploration, exploitation and other economic and cultural development private institutions,
Slide 22: ESG Strategy
ESG STRATEGY ORGANIZATIONAL COMMUNITY PRODUCTIVE HEALTH EDUCATION AND COMMUNITY ALTERNATIVES EQUIPMENT AND INFRASTRUCTURE STRENGTHENING Support programs to Promote citizen Accompany the social- Strengthening rural Encourage and support promote healthy habits, participation in the community managemen
Slide 23: Colombia Country Risk
T S X V : S O M A / / O TC Q B : S M A G F Colombia Country Risk ➢ President Petro increased taxes on mining companies and on foreign dividends with a net increase in taxes for mining companies 4%, from 31% to 35% of net income ➢ Soma exceeds compliance for environment and social issues (won an awar
Slide 24: Balance Sheet and Cash Flow
T S X V : S O M A / / O TC Q B : S M A G F Balance Sheet and Cash Flow ➢ Major capex completed will be Long Term Cash Flow completed by Q2 2023 ➢ Total Debt to EBITDA Ratio for Debt Retirement and Operating Cash Flow Projections (4-Year Conex Repayment) 2023 of 1:1 and for 2024 of 0.7 40,000,000 4,5
Slide 25: Seasoned and Proven Senior Management
T S X V : S O M A / / O TC Q B : S M A G F Seasoned and Proven Senior Management GEOFF HAMPSON MARK BREN EXECUTIVE CHAIRMAN VP OPERATIONS Founded and financed multiple private and public Mr. Bren has 35+ years of experience in technical and operational roles companies since 1979 with a total deal va
Slide 26: Board of Directors
T S X V : S O M A / / O TC Q B : S M A G F Board of Directors GEOFF HAMPSON IOANNIS TSITOS EXECUTIVE CHAIRMAN INDEPENDENT DIRECTOR Founded and financed multiple private and public 19 years with BHP Billiton, the last 9 as senior BD manager for companies since 1979 with a total deal value of over exp
Slide 27: Share Metrics & Ownership
T S X V : S O M A / / O TC Q B : S M A G F Share Metrics & Ownership (as at May 23 , 2023) Company Ticker Close Price Shares O/S (M) Market Cap (US$M) Cash (US$M) Debt (US$M) EV (US$M) EV/'23 EBITDA EV/'24 EBITDA P/'23 EPS P/'24 EPS Junior Producers Perseus Mining PRU-T 2.00 1,368.0 2,012 359 2 1,79
Slide 28: Compelling Story
T S X V : S O M A / / O TC Q B : S M A G F Compelling Story Trading at 1.04 X Run Rate EBITDA and 0.8 X 2024 projected EBITDA Producing and Profitable mine Large District Scale, Highly Prospective Land Holdings in Prolific Antioquia AISC of $1,100 USD per ounce running at 60% of capacity. At State,
Slide 29: Contact
CONTACT Javier Cordova, CEO INFO@SOMAGOLDCORP.COM +1-604-259-0302 SUITE 970, 1050 WEST PENDER ST. TSXV:SOMA // OTCQB:SMAGF VANCOUVER, BC V6E 3S7, CANADA WWW.SOMAGOLDCORP.COM 29