Thesis Gold & Silver Inc. · TSXV:TAU
Thesis Gold & Silver — Thesis Gold — Investor Presentation (December 2024)
16 slides from Thesis Gold & Silver's investor presentation, December 2024
Slide 1: Unlocking the Gold-Silver Potential of a Unified Toodoggone District
CORPORATE PRESENTATION | DECEMBER 2024 Unlocking the GOLD-SILVER TSX-V TAU POTENTIAL of a Unified Toodoggone District, northern BRITISH COLUMBIA
Slide 2: Disclaimer and Cautionary Notes
DISCLAIMER AND CAUTIONARY NOTES FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking information” within the meaning of production at the Lawyer’s Project; regulatory determinations and delays; any Accordingly, Thesis recommends that the reader refer to and read the Technical appli
Slide 3: Project Highlights
PROJECT HIGHLIGHTS N CANADA Recognized Mining Jurisdiction District Scale (495 km2) Land Position in BC the Toodoggone Mining District of BC TECK Schaft Creek Road Accessible and <5 km from NEWCREST the Sturdee Airstrip TECK/NEWMONT Red Chris THESIS GOLD Close to powerline tie-ins and the Galore Cre
Slide 4: Excellent Access to Infrastructure and Power
EXCELLENT ACCESS TO INFRASTRUCTURE AND POWER oad from Prince George R N provides year-round access Sturdee Airstrip provides Bot | TDG Gold Corp. BRITISH COLUMBIA Golden Lion | Evergold Corp. flight access from regional Thesis Gold Theory | Eagle Plains Ltd. airports at Terrace, Smithers, Projects P
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Share Analyst Largest Structure Coverage Shareholders Basic Shares Outstanding 174 M Fully Diluted1 175.9 M Market Capitalization3 $122 M No debt No streaming 0.5% NSR at Lawyers - Royal Gold 2% NSR at Ranch - Vendor Shareholder Summary 2 30% PUBLIC/ OTHER 66% INSTITUTIONAL 4% INS
Slide 6: Global Resource Estimate
GLOBAL RESOURCE ESTIMATE MRE Growth Mineral Resource Cutoff AuEq (g/t) Classification Tonnes (k) Au (g/t) Ag (g/t) Cu (%) AuEq (g/t) Au (koz) Ag (Moz) Cu (kt) AuEq (koz) Area 6 Total Mineral Resource Estimate 4,705,000 oz Measured 35,987 1.1 38.5 0 1.58 1,268 44.5 0 1,825 MRE update 5 Indicated 46,0
Slide 7: PEA Summary
PEA SUMMARY PEA OUTCOMES Mineable Annual Production Combined Open Pit and Underground Scenario NPV, IRR, and Payback PEA Highlights Lawyers-Ranch PEA Annual Payable AuEq 2024 2024 2022 Difference % Gold USD/oz 1,930.0 1930.0 1,735.0 195.0 11.2 Silver USD/oz 24.0 21.75 2.3 10.3 350.0 Pre-Tax NPV (5%)
Slide 8: Lawyers-Ranch PEA Overview
LAWYERS-RANCH PEA OVERVIEW Base Case After-Tax NPV (5%) C$1,277M $1,930/oz Au Lower Case After-Tax NPV (5%) C$968M After-Tax IRR 35.20% $24/oz Ag $1,750/oz Au After-Tax IRR 28.8% After-Tax Payback 2 years $22/oz Ag After-Tax Payback 2.4 years 14 Year Mine Life Spot Case After-Tax NPV (5%) C$2,247M $
Slide 9: Lawyers-Ranch PEA Overview
LAWYERS-RANCH PEA OVERVIEW Road to Ranch Project N Proposed Mill 14.1-Year LOM AGB at an average head- Waste Rock grade of 1.59 g/t AuEq RANCH PROJECT Cliff Creek LAWYERS PROJECT US $1,013 / Au oz 1.8 km STURDEE LOM AISC AIRSTRIP (net of byproducts) m 1.7 k 215 Koz Avg. Annual Production 3,025 Koz D
Slide 10: Major Milestones Path to Production
MAJOR MILESTONES PATH TO PRODUCTION 2018 Acquisition of Lawyers Gold Silver Project and beginning of modern systematic exploration 2018 Infrastructure upgrades 2020 2021 2021 Thesis acquires the First Nations Metallurgical Ranch Gold Project agreements studies begin and begins modern and committees
Slide 11: Ranch Resource
RANCH RESOURCE Mineral Resource Cutoff Tonnes Au Ag Cu AuEq Au Ag Cu AuEq RANCH PROJECT Area AuEq (g/t) Classification (k) (g/t) (g/t) (%) (g/t) (koz) (Moz) (kt) (koz) Pit-Constrained Mineral Resource Estimate N Indicated 4,259 2.01 9.5 0.06 2.21 275 1.3 3 303 Ranch 0.4 LAWYERS PROJECT Inferred 5,20
Slide 12: Ranch Blue Sky Potential
RANCH BLUE SKY POTENTIAL PIPELINE OF GROWTH N 40 km structurally controlled 2 high sulfidation epithermal system Tuff Peak containing: THESIS STRUCTURAL BONANZA CORRIDOR RIDGE esource zones remain R open for growth BBX Golden Furlong Early-stage discoveries at JK Steve and JK Alberts Hump BONANZA Ne
Slide 13: Ranch High Sulphidation Comparison
RANCH HIGH SULPHIDATION COMPARISON RANCH PROJECT SUMMITVILLE PIERINA OZERNOVSKOYE 0.7 Moz Au 0.7 Moz Au 7 Moz Au < 1 Moz Au No Outcrop EL INDIO YANACOCHA 8 Moz Au > 45 Moz Au ALTERATION SIPAN SAUZAL 1 Moz Au 3 Moz Au Silicic Silicic ± Alunite Advanced Argillic MINASNIOC Argillic < 1 Moz Au Propyliti
Slide 14: Management and Board Overview
MANAGEMENT AND BOARD OVERVIEW Ewan Webster Sean Mager CEO and President CFO Registered geoscientist in British Columbia, holds a PhD in +25 years mining sector, former CFO & COO at Brilliant geology, and has +10 years of experience in the mining sector. Resources Ltd., regulatory & financial experti
Slide 15: Environmental, Social, and Governance
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE T ogether we established exploration, Together we initiated baseline engagement and communications environmental studies as part agreements with our partner Nations of permitting T hesis is providing employment, ildlife monitoring and W training and contracting
Slide 16: TSX-V TAU
VANCOUVER OFFICE 1075 West Georgia, Suite 1050 Vancouver, BC, Canada V6E 4M7 EWAN WEBSTER DAVE BURWELL TSX-V TAU President, CEO & Director Vice President Corporate Development ewanw@thesisgold.com +1 403-410-7907 daveb@thesisgold.com thesisgold.com