Galleon Gold Corp · TSXV:GGO
Galleon Gold — Investor Presentation (April 2025)
20 slides from Galleon Gold's investor presentation, April 2025
Slide 1: West Cache Gold Project: Destined for Development
Disclaimer WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT TSXV: GGO Presentation April 2025 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation (the “Presentation”) contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statem
Slide 3: Investment Highlights
Investment Highlights WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT Timmins Mining Camp – near major producers Bulk sample planned for 2025 (86,500 tonnes for 22,000 oz Au) Management team with track record of building mines in the camp Huge blue sky exploration potential for additional ounces of
Slide 4: Capital Markets Profile
Capital Markets Profile Capital Structure Shares outstanding 68.5M Options outstanding (C$0.19 to C$1.20) 5.8M Warrants outstanding (C$0.165 to C$0.25) 14.7M Convertible debentures ($4,052,615 @$0.165 or $0.185) 23.6M FD shares outstanding 112.6M Market capitalization (basic @ April 1, 2025) C$17.6M
Slide 5: Premier Location - Porcupine Destor Gold Belt
West Cache Gold Project Premier Location - Porcupine Destor Gold Belt Porcupine Destor Gold Belt Timmins Gold Camp Au Endowment (oz) Gold Producing Districts IROQUOIS FALLS 119,604 – 200,000 Kidd Creek Mine 200,001 – 400,000 Cu-Zn-Ag 400,001 – 600,000 Clavos Mine 600,001 – 750,000 CONNAUGHT 750,001
Slide 6: West Cache Gold Project: Land Lease Status
West Cache Gold Project Land Lease Status Approved – requirement for permitting 6
Slide 7: Purpose of PEA
Purpose of PEA PEA is a snapshot in time Provides economic picture Guides decision to advance to next step - pre-feasibility PEA Strong Project Economics Project Entrance on Hwy 101, 13 km from Timmins Center PEA & Updated Mineral Resource Published – February 2022 7
Slide 8: 2022 Mineral Resource Estimate – Underground Model
West Cache Gold Project 2022 Mineral Resource Estimate – Underground Model Underground Mineral Resource @ 1.6 g/t Au Cut-Off Classification Tonnes Au Au 1. Mineral Resources that are not Mineral Reserves do not have demonstrated k g/t koz economic viability. 2. The estimate of Mineral Resources may
Slide 9: 2022 PEA Economics – Toll Processing
West Cache Gold Project 2022 PEA Economics – Toll Processing Pre-Tax After Tax Net Present Value NPV5% C$ million $378.3 $240.1 Internal Rate of Return (IRR) % 33.7 % 26.7 % Payback Period years 3.0 3.3 Life of Mine (LOM)1 Years 11 Initial Capital Costs C$ million $150 Sustaining Capital Costs (LOM)
Slide 10: Sensitivity to Gold Price
West Cache Gold Project Sensitivity to Gold Price Sensitivity to Gold Price Pre-tax Post-tax Price per ounce NPV5% IRR % NPV5% IRR % of gold (million) (million) US$1,500 C$224.5 23.3% C$128.6 17.2% US$1,700 C$378.3 33.7% C$240.1 26.7% US$2,000 C$609.8 48.4% C$395.3 38.7% US$2,200 C$764.0 57.6% C$498
Slide 11: Zone #9 and West Deep Mineralization
West Cache Gold Project Zone #9 and West Deep Mineralization 3D View East Hole WC 21-173 at 63.3 m to 69.6 m (9.37 g/t) East Zone West Zone Zone #9 BULK SAMPLE AREA Area of little Hole WC 20-82 at 310 to 320 m (9.40 g/t) drilling between Zone #9 and West Deep Zone #9 WC-20-30: 7.16 g/t Au | 9.7 m WC
Slide 12: Mine Development Plan (PEA) – Plan View
West Cache Gold Project Mine Development Plan (PEA) – Plan View N Deposit covers an area of 2.1 km x 1.2 km and extends 1.0 km from surface East Zone Extension East Zone North Zone Secondary Access (B) & Ventilation West Deep West Zone Secondary Access (C&D) & Ventilation Legend Mine Development/Ram
Slide 13: Mine Development Plan (PEA) – 3D View Looking East
West Cache Gold Project Mine Development Plan (PEA) – 3D View Looking East Secondary Access & Ventilation Access D Access C Access B Main Mine Access (A) East Zone Extension West Zone East Zone Zone #9 South Zone BULK SAMPLE AREA 1 km West Deep Block Model Au (g/t) 20 – 26 10 – 20 Legend 5 – 10 Mine
Slide 14: Purpose of Bulk Sample
Purpose of Bulk Sample De-risk the project Provide initial data that will feed into pre- feasibility studies Bulk Sample Planning Uncover additional ounces of gold with underground drilling Tonnage: 86.5 kt Grade: 8.13 g/t Ground work and ramping, required for Gold ounces: 22.6 koz future de
Slide 15: Bulk Sample Detail Design
West Cache Gold Project Bulk Sample Detail Design 15
Slide 16: Bulk Sample Site Plan Layout (2023)
West Cache Gold Project Bulk Sample Site Plan Layout (2023) 16
Slide 17: What's Next?
West Cache Gold Project What’s Next? Progress additional construction permits (all underway) Negotiate milling contracts & project finance Get back to exploration drilling; < 10% of project has been drilled 17
Slide 18: Milestones & Approximate Timing of Bulk Sample
West Cache Gold Project Milestones & Approximate Timing of Bulk Sample Permitting Mine Decline/Development Continued Mine Development • Closure Plan approved • Decline/ramp development • Identify next development area • Construction permits • Underground stope development • Permit and start new subm
Slide 19: Experienced Management and Board
Experienced Management and Board Credited with building mines throughout North America David Russell CEO & Chairman Team that built Black Fox 2002 - 2010 Ryan Lougheed General Manager West Cache Management Nate Tewalt Chief Geologist Geology team – credited with increasing Leah Page Senior Project G
Slide 20: David Russell, CEO & President
David Russell, CEO & President info@galleongold.com. 416-644-0066 20