Majestic Gold Corp. · TSXV:MJS
Majestic Gold — Investor Presentation (August 2024)
32 slides from Majestic Gold's investor presentation, Aug 29, 2024
Slide 1: Majestic Gold Corp. Corporate Presentation August 2024
August 2024 TSX-V:MJS www.majesticgold.com
Slide 2: Contents
1 DISCLAIMER 2 COMPANY OVERVIEW CONTENTS 3 Songjiagou Gold Mine 4 GALLERY
Slide 3: Disclaimer
Disclaimer The information on this presentation includes certain “Forward-Looking Statements” within the meaning of securities exchange regulation. Forward- looking statements are made to provide information about management’s current expectations and plans. Forward-looking statements are generally
Slide 4: Company Overview
COMPANY OVERVIEW 2 PART • Current Overview • Songjiagou Gold Mine • Milestones • Production Guidance 2024-2025 • Team Introduction • Financial Performance • Capital Structure Summary
Slide 5: Current Overview
Current Overview • On August 29, 2024, the Company announced its first dividend of CAD$0.007 per common share, distributed on October 11, 2024. The total payout for the dividend is approximately CAD$7.3 million. • Ongoing strategic development program seeking growth through acquisition of projects w
Slide 6: Songjiagou Gold Mine
Songjiagou Gold Mine • Majestic’s Songjiagou Gold Mine (“SJG Gold Mine”) is located in Muping County on the Jiaodong Peninsula, Shandong Province • Songjiagou Gold Mine is comprised of two operating mines – SJG Open-Pit Mine and SJG Underground Mine • Shandong is the historic heartland of China’s go
Slide 7: Songjiagou Gold Mine Milestones
Songjiagou Gold Mine Milestones 2004 - Present • 2004 - Signed JV contract with Muping Gold Mine • 2005 - Obtained approval from MOC • 2010 - Revised ownership from 60% to 75% (70.5% net) • 2011 - Wardrop completed NI 43-101 PEA • 2010 / 2011 - US$70M processing plant/facilities • 2011 - 6,000 tpd m
Slide 8: Songjiagou Gold Mine Milestones
Songjiagou Gold Mine Milestones 2004 - Present • 2015 - Mine-site technical team bolstered by former SRK staff, instituted grade control, pit optimization, and production of short-term mining plans • 2016 -Granted a 0.414 km² underground Mining License at SJG Underground Mine • 2019 - Commenced full
Slide 9: Four Year Performance Summary
Four Year Performance Summary OPERATIONAL RESULTS YEAR END 2021 2022 2023 2024 (2) Tonnes mined 970,665 1,989,184 1,830,682 945,068 Tonnes processed 1,023,825 1,990,900 1,925,736 985,671 Head grade (Au g/t) 0.62 0.62 0.53 0.54 Mill recovery 95% 95% 94% 95% Gold produced (ozs) 19,955 37,641 30,837 16
Slide 10: Four Year Performance Summary
Four Year Performance Summary FINANCIAL RESULTS YEAR END 2021 2022 2023 2024 (2) Total Revenue $38,445,273 $63,474,357 $55,025,192 $33,617,278 Gross Profit $21,714,245 $33,881,688 $26,572,295 $18,050,531 Net Income $7,717,662 $17,422,560 $12,229,398 $11,089,248 Adjusted EBITDA $17,280,458 $34,909,46
Slide 11: Production Guidance for 2024-2025
Production Guidance for 2024 -2025 2024 Production Guidance Tonnes Grade Gold content Mine plan for 2024: (000’s) (g/t Au) (oz’s) • Mining operations will be focused on benches +45m ASL, +21m ASL, +9m SJG Open-Pit Mine 1,598 0.57 29,289 ASL and -3m ASL SJG Underground Mine 90 1.71 4,906 Consolidated
Slide 12: Production Guidance for 2024-2025
Production Guidance for 2024 -2025 Mine planning for 2024 Mine planning for 2025
Slide 13: Production Guidance for 2024-2025
Production Guidance for 2024 -2025 ● Block modeling used for bench planning Open-Pit +9m ASL Bench gold grade distribution Open-Pit -3m ASL Bench gold grade distribution
Slide 14: Production Guidance for 2024-2025
Production Guidance for 2024 -2025 ● Block modeling used for bench planning Open-Pit +21m ASL Bench gold grade distribution Open-Pit +45m ASL Bench gold grade distribution
Slide 15: Team Introduction
Team Introduction STEPHEN KENWOOD, P.GEO – President and CEO JOHN CAMPBELL – Lead Director • Mr. Kenwood is a Professional Geoscientist with over 28 years experience working in • Mr. Campbell holds a law degree from the University of British Columbia Canada, United States, Panama, Mexico, Peru, Chil
Slide 16: Capital Structure
Capital Structure Capital August 2024 Structure Shares Issued: 1,042,664,381 Toronto Stock Exchange TSX-V MJS Options outstanding: Nil Recent Share Price CAD$ 0.07 Warrants outstanding: Nil 52-week low-high CAD$ 0.055-0.10 Fully Diluted: 1,042,664,381 Market Cap.: CAD$ 73M Cash Position : US$ 103.9M
Slide 17: Songjiagou Gold Mine
Songjiagou Gold Mine 3 PART • Mineral Reserves and • Songjiagou Underground Resources • Mineral Licenses • Geology of Area Mine • SJG Open-Pit expansion status • Summary Analysis
Slide 18: Mineral Reserves and Resources
Mineral Reserves and Resources 123 underground SRK’s 2023 Technical Report updated resource as of 75 surface 128 surface samples (channel June 30, 2023, based on a database of 20,836 samples trenches drill holes samples and drill from: holes) Mineral Reserve Statement (June 30, 2023) (1) Mineral Res
Slide 19: Songjiagou Gold Mine Mining Licenses
Songjiagou Gold Mine Mining Licenses Underground License Boundary Expanded Open Pit Mining License Boundary SJG Open-Pit Mining License valid until May 2031 SJG Open-Pit Mining License increased to 0.594 km2 SJG Underground Mine License valid until February 2031
Slide 20: Geology of Area - Grade Distribution Plots
Geology of Area - Grade Distribution Plots • Songjiagou is a mesothermal deposit hosted in a conglomerate in the Laiyang Group Linsishan formation • Mineralization occurs in thin veins, disseminations, and in stockworks, visually indistinguishable from wall rocks • Modeling indicates higher grade bl
Slide 21: Songjiagou Underground Mine
Songjiagou Underground Mine • Separate 0.414 sq km mining license adjacent to SJG Open-Pit • 14 mineralized vein structures on trend with main Songjiagou mine geology • Access via a 2,075 m ramp, six levels developed off ramp • Production commenced beginning in 2019. Currently mining the upper 2 lev
Slide 22: Songjiagou Underground Mine
Songjiagou Underground Mine • Six levels have been developed at SJG Underground • Current underground mining operations are occurring at +9m ASL (Level 2) and -40m ASL (Level 3) • SJG Underground Mine annual ore production capacity is 90kt Longitudinal Profile of SJG Underground Mine
Slide 23: SJG Open-Pit Expansion Status
SJG Open-Pit Expansion Status • Phase 1 of the SJG Open-Pit Mine expansion has been completed • Phase 2 expansion work is ongoing with further bench development planned for FY2024 and with a scheduled for completion by end of Q2 FY2025 • 2024 expansion work will be focused on bench levels +81m ASL,
Slide 24: SJG Gold Mine Analysis
SJG Gold Mine Analysis Songjiagou-style Gold Deposits Among World’s Largest • Mesothermal deposits such as Songjiagou are known for their large size and depth extent • These type deposits represent a major source of world gold production • Western Australia’s Super Pit (Barrick 50%/Newmont 50% ) ran
Slide 25: Gallery
Gallery 4 PART • SJG Open-Pit Mine • Processing Plant • SJG Underground • Tailing Pond • Village Relocation Mine
Slide 26: SJG Gold Mine – Open-Pit Operations
SJG Gold Mine – Open-Pit Operations currently down to +9 m ASL
Slide 27: SJG Gold Mine – Open-Pit Operations
SJG Gold Mine – Open-Pit Operations Open-Pit expansion work
Slide 28: SJG Gold Mine – Processing Plant
SJG Gold Mine – Processing Plant Processing Plant – 6,000 tpd
Slide 29: SJG Gold Mine – Processing Plant
SJG Gold Mine – Processing Plant Processing Plant – 6,000 tpd
Slide 30: SJG Gold Mine – Tailing Pond
SJG Gold Mine – Tailing Pond water recycling reservoir below tailings dam (zero discharge)
Slide 31: Village Relocation-Family Apartment Buildings
Village Relocation-Family Apartment Buildings Family Apartments for 280 families
Slide 32: Non-IFRS Financial Performance Measures
Non-IFRS Measures Non-IFRS Financial Performance Measures “Adjusted EBITDA” represents earnings before interest (including non-cash accretion of financial obligations), income taxes and depreciation and depletion (“EBITDA”), adjusted to exclude impairment charges, allowance for doubtful accounts, ga