Scorpio Gold Corporation · TSXV:SGLD
Scorpio Gold — Investor Presentation (May 2024)
19 slides from Scorpio Gold's investor presentation, May 2024
Slide 1: Established Assets with a Rapid Path to Production
GOLD CORPORATION ~, A New roars ie) Established Assets with a Rapid Path to Production Unlocking Gold Potential in Nevada TSX.V: SGN OTC: SRCRF FSE:RY9 scorpiogold.com V1- Spring 2024
Slide 2: Forward-looking statements and cautionary notes
Except for the statements of historical fact, the information contained herein is of a forward looking nature such forward looking information Involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the company to be materia
Slide 3: Fresh capital, new investors, and management with strong technical team
Fresh capital, new investors, and Manhattan project – past drilling defined an management with strong technical team open-pit zone of scale and grade. Minimal and capital markets access investment away from a resource that has potential to re-rate the company A clear plan to create new value quickly
Slide 4: Management and board
Zayn Kalyan is an experienced investment banker and business development executive. Starting his Ian G. Dawson BA, MBA, President Dawson Group Limited. The Dawson Group is primarily career as a software engineer, his background in the “ground-up” development of startup technology involved in Constru
Slide 5: Capitalization: basic and fully diluted shares
Basic Outstanding 49,277,388 February 2024 Financing $0.15 $6,000,000 40,000,000 Total $6,000,000 89,277,388 Altus Gold Private Financing Warrants $0.25 $3,000,000 12,000,000 RTO Concurrent Financing Warrants $0.20 $8,000,000 40,000,000 Total Fully Diluted $17,000,000 141,277,388
Slide 6: Scorpio operates Mineral Ridge heap leach mine, produces 292,798 Au oz
2010-2018 2019 2021 2023 Scorpio operates Mineral Ridge heap leach Scorpio completes 100% acquisition of Mineral Scorpio acquires 100% interest in 4,300 acre Scorpio enters into LOI with Altus Gold mine, produces 292,798 Au oz at 1.5 g/t Au Ridge Mine, with successful buyout of senior Manhattan Mine
Slide 7: Notable majors in Nevada
A high-grade open-pit gold zone that Mineral Ridge: Permitted mine, significant has already been drilled, indicating infrastructure and past production with that a significant resource is established resource and good gold grades but forthcoming, which holds re-rate challenging metallurgy. potential
Slide 8: Scorpio's ultimate target is a greater than 2M Au oz open pit deposit
Manhatthan has had over 100,000 meters of drilling historically, across 1,100 drill holes, by Echo Bay Mines and Kinross. Scorpio believes the Echo Bay West Pit and Goldwedge have the potential to be a single body of mineralization and drilling between these deposits returned significant high-grade
Slide 9: Manhattan drill intercepts
GWUG21-015 50.20 5.60 including 260.90 0.90 GWUG20-001 12.47 7.60 Including 53.49 1.52 GWUG20-001A 9.02 7.40 GWUG20-001A 13.06 1.60 MWRC22-003 27.16 16.80 Including 145.74 3.10 MWRC22-011 26.62 1.50 MWRC22-018 4.90 22.90 Including 38.76 1.50 MWRC22-014 3.53 7.60 Including 14.58 1.50 MWRC22-021 3.98
Slide 10: Manhattan Mineralization: Bridging The Gap (long section)
SCORPIO. Manhattan Mineralization see Bridging The Gap Manhattan Long Section B-B’ Au_gpt Au Grade Shells Looking Northeast, Grid Spacing = 750 ft, Section Thickness = 500 ft +7500 East Pit ‘Bt Gold Wedge UG Phonge: Azimuth 064 TSX: SGN OTC:SRCRF FSE:RY9 scorpiogold.com
Slide 11: Manhattan Mineralization: Bridging The Gap (plan and cross section)
SCORPIO. Manhattan Mineralization see Bridging The Gap Manhattan Au Grade Shells #3840" Au_gpt West Pit Cross Section A-A’ ‘Au_gpt Plan View, Grid Spacing = 2,000 ft Au Grade Shells Looking Northwest, Grid Spacing = 300 ft, Section Thickness=100m | == 1 Gold Wedge UG 05 #7378000 N +6300] Plunge 00 A
Slide 12: Upcoming catalysts: financing, drilling, metallurgy and maiden resource
Financing: Scorpio Closes $6M Drill/Exploration Program: Begin Receive exploration program results Announce Maiden Resource at Private Placement and exploration program at Manhattan Manhattan Amalgamation with Altus Gold, Begin Metallurgical Study on consolidating Mineral Ridge Beginning preliminary
Slide 13: Mineral Ridge: 1m+ oz Au past production
Considerable mining infrastructure, High-grade mineralization across North Considerable exploration potential on both Scorpio holds valuable water rights 1m+ oz Au with full permitting and licenses Star and North Spring with multiple Mineral Ridge, North Star, and North Spring in the region. One of
Slide 14: Mineral Ridge feasibility study at current gold prices
Gold Price $1,200 US Construction Period 1 Year(s) Operating Period 7.5 Year(s) Leach Pad Material Milled 6,855 Kilotons Average Lech Pad Gold Grade 0.53 g/pt ROM Material Milled 3,712 Kilotons ROM Material Gold Rate 1.31 g/pt • Positive feasibility study to recover 250,500 oz Au over 7.5 years util
Slide 15: Exploration plan for Mineral Ridge and North Star
Conduct geologic mapping of the entire 17km of Mineral Ridge Focus on North Star with potential for varied geology, alongside drilling inside current mine gates Based upon results of exploration look at various production scenarios
Slide 16: Manhattan Infrastructure
Manhattan Infrastructure ee TSX: SGN OTC:SRCRF FSE:RY9 scorpiogold.com
Slide 17: OTC:SRCRF FSE:RY9 scorpiogold.com
TSX: SGN OTC:SRCRF FSE:RY9 scorpiogold.com
Slide 18: Fresh capital, new investors, and management with strong technical team
Fresh capital, new investors, and Manhattan project – past drilling defined an management with strong technical team open-pit zone of scale and grade. Minimal and capital markets access investment away from a resource that has potential to re-rate the company A clear plan to create new value quickly
Slide 19: Zayn Kalyan, CEO
Zayn Kalyan, CEO zayn@scorpiogold.com