I-80 Gold Corp · TSX:IAU
I-80 Gold — Corporate Update (November 2023)
20 slides from I-80 Gold's corporate update, November 2023
Slide 1: Cove Project Update
COVE PROJECT UPDATE NOVEMBER 2023 MADE IN THE U.S.A. NYSE:IAUX | TSX:IAU
Slide 2: Disclaimer
DISCLAIMER Cautionary Statement Regarding Forward-Looking Information Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements or information regarding: c
Slide 3: Central Nevada McCoy-Cove Project
CENTRAL NEVADA McCoy-Cove Project • Cove is strategically located in the heart of the Battle Mountain Trend, immediately south of Nevada Gold Mines’ Phoenix Mine • Nevada is ranked as the world’s #1 most favourable jurisdiction by the Fraser Institute • i-80 is the largest holder of gold resources i
Slide 4: Fundamentals: Nevada's Premier Growth Company
FUNDAMENTALS Nevada’s Premier Growth Company Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) • Second only to Nevada Gold Mines for gold resources contained within the M&I (Moz Au) Inferred (Moz Au) Carlin/Battle Mountain Trends • Targeting a significant increase in AuEq 15.2 re
Slide 5: Fundamentals: Superior Gold Grades
Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) FUNDAMENTALS Superior Gold Grades SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) 2.00 1.77 • Cove represents one of North 1.80 1.60 1.38 1.39 1.42 1.52 America’s highest-grade development 1.11 1.40 1.20 1.01 1.02 sta
Slide 6: U.S. Producer
U.S. PRODUCER Category Mineral Resources – Underground Tonnage Au Grade Gold Sequencing Two Processing facilities GRANITE CREEK (kt) (g/t) (Koz) • Cove is one of three deposits being MINE Measured & Indicated 1,008 10.40 337 developed for processing at the Lone Inferred 741 13.41 319 Tree facility (
Slide 7: Cove Mine: Advanced Exploration
100% OWNED COVE MINE ADVANCED EXPLORATION
Slide 8: Cove Mine Advanced Exploration Program
COVE MINE Mineral Resources2 Advanced Exploration Program Tonnage Au Grade Ag Grade Gold Silver • One of the highest-grade, development (kt) (g/t) (g/t) (koz) (koz) stage, gold deposits in North America Indicated 1,007 10.9 29.1 351 943 • Initial results from the Helen Zone: • iCHU23-23: 28.0 g/t Au
Slide 9: Cove Mine Underground Drilling: CSD Gap
Composite 3D Section COVE MINE Underground Drilling CSD Gap • Results from delineation drilling are demonstrating continuity of high-grade mineralization and excellent widths: • 10.3 g/t Au over 7.8 m (iCHU23-02) • 13.0 g/t Au over 6.0 m (iCHU23-03) • 12.9 g/t Au over 36.1 m (iCHU23-04) • 12.8 g/t A
Slide 10: Cove Mine Advanced Exploration Program
iCHU23-14: 7.0 g/t Au – 119.6 m COVE MINE Impressive continuity – one of the largest intervals of mineralization ever Drilled at Cove Advanced Exploration Program U/G drill rig – Helen Zone • Core deposit for the restart of the Lone Tree autoclave • Current program includes driving a decline and com
Slide 11: Cove Mine Underground Drilling: Helen Zone
Composite 3D Section COVE MINE Underground Drilling Helen Zone • Results (first 6 holes) from delineation drilling are demonstrating continuity of high-grade mineralization and excellent widths: • iCHU23-23: 28.0 g/t Au over 10.4 m And 21.0 g/t Au over 10.8 m • iCHU23-24: 18.0 g/t Au over 4.6 m • iC
Slide 12: Cove Mine Phase Program
COVE MINE Phase 1 Program • The initial phase of underground development is completed • Feasibility Study will focus on the Helen and Gap Zones – currently being drilled • Upside opportunities: • Gap Zone is open down-plunge • CSD and 2201 Zones not included in previous PEA or upcoming FS • Large-sc
Slide 13: Cove Mine Upside Opportunities
COVE MINE NW SE Upside Opportunities • PEA mine plan assumed only the Helen and Gap Zones • CSD Au not included in LOM Vent #1 Cove Pit • 2201 Au not included in LOM Vent #2 2.6M oz Au, 100M oz+ Ag Historic Production • Underground program to upgrade and increase resources • Potential to add signifi
Slide 14: Cove Pediment Upside Opportunities
COVE PEDIMENT Upside Opportunities • Gravity data suggests shallow pediment extends ~3-4 km east of Cove pit – almost entirely untested • Only a handful of holes have drilled 1.7 g/t Au & 364 g/t Ag 11.4 m deeper than 200 m in the pediment • Three holes drilled by Premier/i-80 intersected significan
Slide 15: Cove Mine 40-Day Pump Test
COVE MINE 40-Day Pump Test • 3,500 GPM • Well EO1 – 3,000 GPM • Well EO2 – 500 GPM • Continuous pump test to provide hydrological data for dewatering plan and final mine permitting • Completed the installation of 15 piezometers and 13 wells will be monitored • Considering the pit lake in dewatering
Slide 16: Environment, Sustainability, Governance
ENVIRONMENT, SUSTAINABILITY, GOVERNANCE i-80 Gold is committed to sustainable development and environmental stewardship during exploration and extraction of mineral resources. As we continue to grow our team and our operations, we prioritize safety and improving the social, economic, and environment
Slide 17: Summary
SUMMARY GROWTH EXECUTING OUR CAPITAL ALLOCATION STRATEGY Organic growth platform with a goal of Executing a plan to grow reserves & Prioritizing reserve increases and mine becoming Nevada’s 2nd largest gold resources, production, and cash flow development producer with sustainable development opport
Slide 18: Contact Us
CONTACT US 1.866.525.6450 WWW.i80GOLD.COM Ewan Downie Matthew Gili Ryan Snow Matthew Gollat Chief Executive Officer President & COO Chief Financial Officer Executive Vice-President i-80 GOLD CORP | 18
Slide 19: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 291,886,952 Warrants 24,716,409 Options 11,101,241 RSU’s/DSU’s 1,020,543 Fully Diluted 328,725,145 *On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears an
Slide 20: Mineral Resources
MINERAL RESOURCES MINERAL RESOURCES1,2,3,4,5,6 Tonnes Au Grade Ag Grade Au Ounces Ag Ounces (kt) (Au g/t) (Ag g/t) (Koz) (Koz) Mineral Resources Attributable to i-80 Gold Corp. upon closing of the Lone Tree Measured and Ruby Hill Arrangements Granite Creek - Open Pit 20,857 1.47 988 Granite Creek -