U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Investor Presentation (December 2020)
31 slides from U.s. Gold's investor presentation, December 2020
Slide 1: U.S. focused gold exploration and development company
U.S. focused gold exploration and development company advancing high potential projects in WY, NV and ID : USAU December 2020
Slide 2: Forward Looking Statements
Forward Looking Statements TERMS OF USE AND DISCLAIMER - This presentation is being provided for the sole purpose of providing the recipients with background information about U.S. Gold Corp. (“U.S. Gold”). U.S. Gold Corp. has made reasonable efforts to ensure that the information contained in this
Slide 3: U.S. Gold Corp. Overview
U.S. Gold Corp. Overview Combining robust economics with district-scale exploration, in mining friendly U.S. jurisdictions Near Term Production Potential District-Scale Exploration District-Scale Exploration CK Gold Project – WY* Nevada Challis – Idaho ▪ Advanced Exploration and ▪ Keystone located o
Slide 4: Extremely tight share structure and listed on NASDAQ
U.S. Gold Corp. Overview Extremely tight share structure and listed on NASDAQ Share Structure (December 21, 2020) Stock Information Common shares outstanding 5,819,720 Listing NASDAQ Warrants* 1,510,419 Symbol USAU Options* 95,000 52-week stock range $2.60 - $14.43 Cash (as of Oct 31, 2020) ~$7.3M A
Slide 5: Strengthened Management Team
Strengthened Management Team ➢ George Bee joined USAU as President after the acquisition of Northern Panther Resource Corporation (mid August, 2020) ➢ George Bee is one of the mining industry’s most accomplished mine developers and operators spanning a 40-yr career ➢ Spent 16 years with Barrick Gold
Slide 6: CK Gold Project Overview
CK Gold Project Overview Potential near-term production, low CAPEX and robust economics, WY Nasdaq: USAU | usgoldcorp.gold usgoldcorp.co
Slide 7: CK Gold Project Overview
CK Gold Project Overview Delivering substantial value and targeting near-term production ▪ The CK Gold Project (formerly Copper King) is a development stage, gold-copper-silver-zinc project located in the Silver Crown Mining District, Wyoming ▪ The project offers potential near-term production as we
Slide 8: CK Gold Project Claims & Location
CK Gold Project Claims & Location WYOMING ▪ Located in Southeast Wyoming, 20 miles west of Cheyenne ▪ Wyoming is ranked the 7th most mining friendly jurisdiction in the world (Fraser Institute) COPPER KING DEPOSIT ▪ Claims consists of 2 state leases with a total area of 1,120 acres ▪ Project remains
Slide 9: CK Gold Project Resource Estimate (2012)
CK Gold Project Resource Estimate (2012)* Au Cutoff Cu Cutoff Class oz Au/ton g Au/t % Cu tons tonnes oz Au/ton g Au/t oz Au % Cu lbs Cu Measured 0.009 0.32 0.103 15,130,000 13,730,000 0.018 0.62 272,000 0.198 60,120,000 Indicated 0.009 0.30 0.111 44,620,000 40,480,000 0.014 0.48 654,000 0.182 162,8
Slide 10: CK Gold Project PEA 2017 on 2012 Resource
CK Gold Project PEA 2017 on 2012 Resource* On December 5, 2017, Mine Development Associates (MDA) prepared an updated technical report and Preliminary Economic Assessment for U.S. Gold Corp. showing the below metrics: Summary of CK Gold Project Pre-Tax Economic Results Projected Production and Proce
Slide 11: CK Gold Project – PFS Expectations
CK Gold Project – PFS Expectations Anticipated Improvements Basis for Expectations • Increase to resource base • Include 2017, 2018 and 2020 drilling and new interpretation of the resource model • Gold and Copper Recovery • 2009 SGS metallurgical work focused on • Better revenue delivery from a phas
Slide 12: CK Gold Project - Recent Findings
CK Gold Project - Recent Findings Abundant Native Copper in Confirmed consistent widespread Oxidized Zone disseminated nature of sulfide mineralization and evidence of some sulfide on quartz veins • Native copper will have negatively impacted prior (2009) copper recovery in the oxide and mixed zone
Slide 13: CK Gold Project: Favorable Factors
CK Gold Project: Favorable Factors Factors relative to other projects that bode well Explanation • Proximity to power supply • Wyoming is a major power producer • Proximity to water supply with wind and thermal power generation. Transmission • Location is not remote from support infrastructure proxi
Slide 14: CK Gold Project Internal Update March, 2020
CK Gold Project Internal Update March, 2020* On March 24 2020, U.S. Gold Corp. announced an internal update of the CK Gold Project potential economics at $1600 Gold and $2.80 Copper showing the below metrics: Internal Summary of CK Gold Project Projected Pre-Tax Economic Results Base Case Gold price
Slide 15: CK Gold Project 2020 Drilling Program
CK Gold Project 2020 Drilling Program Development and Resource Expansion ▪ CK Gold Project drilling program for 2020 consists of 23 drill holes, for metallurgical, geotechnical, hydrological and resource expansion purposes. ▪ Primary focus of 2020 expansion drilling is at the southeast end of the de
Slide 16: Datamine CK Gold Project Exploration Model
Datamine CK Gold Project Exploration Model Gold Isoshell Copper Isoshell Facing North Facing North Zinc Isoshell Silver Isoshell Facing North Facing North Nasdaq: USAU | usgoldcorp.co usgoldcorp.gold 16
Slide 17: CK Gold Project 2020 PFS/Exploration Plans
CK Gold Project 2020 PFS/Exploration Plans Datamine Exploration Model Shows Deposit Potentially Open to SE & SW ▪ Datamine gold isoshell shows deposit cuts off in higher grade gold mineralization to the SE ▪ The deposit also has the potential to extend further to the SW (as exhibited by 2017 & 2018
Slide 18: Nevada and Idaho Exploration Overview
Nevada Gold Cortez Complex Nevada Gold Goldrush Nevada and Idaho Exploration Overview Discovering the next gold districts on the Cortez and Carlin Trends in Nevada usgoldcorp.co Nasdaq: USAU | usgoldcorp.gold
Slide 19: Nevada Projects Location
Nevada Projects Location Nevada – renowned gold mining jurisdiction Twin Creeks Jerritt Canyon Turquoise Midas Getchell Meikle Hycroft Lone Tree Betze-Post ▪ Produced ~5.6 M oz of gold produced in 2017 - Florida Marigold Carlin West Leeville Gold Rain/Emigrant Long Canyon approx. 75% of U.S. gold pr
Slide 20: Keystone Project Location
Keystone Project Location The Cortez Trend – prolific gold mining belt Barrick’s Mines ▪ The Cortez Trend is one of the world’s most productive trends - producing ~ 1M oz of gold per year ▪ The trend hosts numerous world class deposits2: Barrick’s Pipeline: ~21+ M oz gold Barrick’s Cortez Hills: ~15
Slide 21: Keystone Project Overview
Keystone Project Overview ▪ Consolidated an entire district on the Cortez Trend, NV - 20 square miles, 100% controlled by U.S. Gold Corp. ▪ Never previously consolidated nor systematically explored by model-driven, modern-day exploration techniques Greenstone Gulch Target area ▪ Hosts many of the sa
Slide 22: Keystone 2019 Drilling Stratigraphy
Keystone 2019 Drilling Stratigraphy ➢ USAU 2019 Keystone Drilling program: ➢ One core hole Key19-01c ➢ Six reverse-circulation holes (rc) ➢ Total of 13,177 feet (4,016 meters) ➢ Focused on 4 target areas: ➢ Sophia ➢ Tip-Top ➢ Sophia South ➢ Nina Skarn ➢ All holes encountered anomalous Au and strong
Slide 23: Keystone Project Arsenic Geochem
Keystone Project Arsenic Geochem ▪ Arsenic in soils shown, yellow is > 50 ppm, red is >250 ppm ▪ 4,474 soil samples and 666 stream sediment samples taken to date ▪ Most soil samples collected on a 400 ft X 400 ft grid, with more detailed areas 200 X 200 feet, and in some cases 50 X 200 feet ▪ Note a
Slide 24: Keystone Exploration
Keystone Exploration Keystone moved from scout hole drilling to targeted drilling– vectoring into discovery success ▪ 2019 targeted drilling of 7 holes ➢ High priority targets to follow up on 2018 results ➢ Provided a first test to several drill targets in areas previously inaccessible ▪ 2019 Drilli
Slide 25: Maggie Creek
Maggie Creek ➢ U.S. Gold Corp. acquired Orevada Metals, Inc. Twin Creeks Jerritt Canyon through a share exchange in September, 2019 Turquoise ➢ USAU has an option to acquire the Maggie Midas Getchell Creek claims from Orogen Royalties, Inc. Meikle Hycroft Lone Tree Betze-Post Carlin West Leeville Fl
Slide 26: Maggie Creek Opportunity
Maggie Creek Opportunity ➢ Approximately three square miles of unpatented mining claims on the Carlin Trend next to the giant Gold Quarry deposits (26 M oz Au) ➢ Classical structure and stratigraphy that hosts the majority of Au ounces on the Carlin Trend ➢ Numerous ore grade and anomalous Au interc
Slide 27: Challis Gold Project - Idaho Is A Mining State
Challis Gold Project - Idaho Is A Mining State ➢ Challis Gold Project is located about 75 kms SW of Salmon, ID and 20 kms SW of Revival Gold’s Beartrack Project, within the Tertiary Challis Volcanic Field ➢ Challis Gold is a low sulfidation, Au-Ag epithermal vein and stockwork deposit localized alon
Slide 28: Peer Comparison
U.S. Gold Corp. Peer Comparison Compelling value with considerable potential upside Pre-tax NPV of $178.5 million versus the company’s market capitalization of ~ $73 million 400 USAS 335M MARKET CAP 350 LGD: KOR: 320M 315M COMPARISON 300 Comparing U.S. Gold Corp. to GSV: explorers / developers focus
Slide 29: Directors, Management & Technical Advisory Team
Directors, Management & Technical Advisory Team Directors Edward Karr Executive Chairman CONSIDERABLE MINING, CAPITAL The Honorable Ryan K. Zinke Director MARKETS, M&A AND GOVERNANCE George Bee Director EXPERIENCE. SERIAL ENTREPRENEURS Robert Schafer Director WITH SUCCESSFUL TRACK RECORDS Tara Gilfi
Slide 30: The Opportunity
The U.S. Gold Corp. Opportunity Extremely tight share structure & advancing world-class assets ▪ Promising portfolio, in stable and mining friendly U.S. jurisdictions. The portfolio offers investors both potential near-term production and sizeable blue-sky exploration ▪ Team of renowned explorers an
Slide 31: Contacts
DEVELOPMENT PROVEN TEAM U.S. COMPANY HIGH UPSIDE PACKAGE Exciting combination of a Top quality U.S. Gold Corp. is a US Large growth potential later stage development management and based company, listed on for the current resource asset and multiple advisory team with a major US Exchange – and valua