U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Investor Presentation (November 2019)
30 slides from U.s. Gold's investor presentation, Nov 12, 2019
Slide 1: U.S. Gold Corp. November 2019
Slide 2: Forward Looking Statements
Forward Looking Statements ‘TERMS OF USE AND DISCLAIMER - This presentation is being provided for the cole puepose of providing the cecipients with backgcowad information about US. Gold Corp. ("U'S. Gold”). US. Gold Cosp. las made reasonable efforts to enmice that the infocmation contained in this p
Slide 3: U.S. Gold Corp. Overview
U.S. Gold Corp. Overview Near Term Production Potential Combining robust economics with district-scale exploration, in mining friendly U.S. jurisdictions Copper King Project - WY* Advanced Exploration and Development property Mining friendly location in the) Silver Crown Mining District of southeast
Slide 4: U.S. Gold Corp. Overview
U.S. Gold Corp. Overview Tight share structure and listed on NASDAQ |_ Shares outstanding | 23,373,320 | Listing | NASDAQ | | - Series F Preferred | 854,685 (esa | USAU | |__ Seep, 4 PLS2GIT | 52-week stock range $0.74 - $1.53 | Warrants* | 4,993,609 T a | “Average daily volume | ~130,071 Options* 1
Slide 5: Copper King Project Overview
Slide 6: Copper King Project Overview
Copper King Project Overview Delivering substantial value and targeting near-term production = Copper King is a development stage, gold-copper-silver-zinc project located in the Silver Crown Mining District, Wyoming = The project offers potential near-term production as well as exploration upside =
Slide 7: Copper King Project Claims & Location
Copper King Project Claims & Location Located in Southeast Wyoming, 20 miles west of Cheyenne Wyoming is ranked the 7th most mining friendly jurisdiction in the world (Fraser Institute) Claims consists of 2 state leases with a total area of 1,120 acres Project remains prospecti for further resource
Slide 8: Copper King Resource Estimate
Copper King Resource Estimate’ Measured 0.009 = 0.32 0.103 15,130,000 13,730,000 0.018 0.62 2,000 0.198 60,120,000 Indicated = 009 = 0.30 — 111 44,620,000 40,480,000 0.014 0.48 654,000 0.182 162,880,000 Inferred 0.008 = 0.26 0.136 15,620,000 14,170,000 0.011 0.38 174,000 0.200 62,530,000 = Resource
Slide 9: Copper King PEA 2017
Copper King PEA 2017* On December 5, 2017, Mine Development Associates (MDA) prepared an updated technical report and Preliminary Economic Assessment for U.S. Gold Corp. showing the below metrics: ‘Tax Economic Result: Base Case Gold price (US$/ounce) $1,275 Copper Price (US$/1b) $2.80 Net Cash Flow
Slide 10: Copper King 2017 Exploration Program
Copper King 2017 Exploration Program Drilling has encountered a newly discovered mineralized zone \t sis tS = Four drill holes were completed to test From Thickness] Thickness] Copper] Zinc | Gola] Silver| : : Drill Hole To (ft) geophysical responses on the Copper King (eo (fe) (my ]>ot%] % | ol) |
Slide 11: Copper King 2018 Exploration Program
Copper King 2018 Exploration Program Targeting expansion of the resource Copper King duilling program for 2018 consisted of 8 drill holes, targeting expansion of the deposit Primary focus was last year's newly discovered zone of mineralization, the West Zone, a 200m step out from the Main Zone at Co
Slide 12: Datamine Copper King Exploration Model
Datamine Copper King Exploration Model Datamine completed a comprehensive drill hole analysis of the Copper King gold-copper-silver-zinc deposit The Datamine study <= DATAMINE. importantly includes all the potential economic metals, not just gold and copper as previously modeled (see next slide) The
Slide 13: Datamine Copper King Exploration Model
Datamine Copper Gold Isoshell Facing North King Exploration Model Copper Isoshell oe Facing North . LAM oe Sea lies Zine Isoshell === Facing North sat rt MY Silver Isoshell Facing North
Slide 14: Copper King 2019 Exploration Plans
Copper King 2019 Exploration Plans Datamine Exploration Model Shows Deposit Potentially Open to SE & SW Datamine gold isoshell shows deposit cuts off in higher grade gold mineralization to the SE: The deposit also has the potential to extend farther to the SW (as exhibited by 2017 & 2018 drilling) 2
Slide 15: Nevada Exploration Overview
Slide 16: Nevada Projects Location
Nevada Projects Location Nevada — renowned gold mining jurisdiction = Produced ~5.6 M oz of gold produced in 2017 - approx. 75% of U.S. gold production! = The Sth largest gold producing “country” in the world = Historically, Nevada has produced > 225M oz of gold = “Elephant country”: numerous > 20M
Slide 17: Keystone Project Location
Keystone Project Location The Cortez Trend — prolific gold mining belt = The Cortez Trend is one of the world’s most productive trends - producing ~ 1M oz of gold per year = The trend hosts numerous world class deposits”: Barrick’s Pipeline: ~21+ M oz gold Barrick’s Cortez Hills: ~15+ M oz gold Barr
Slide 18: Barrick's Pipeline & Cortez mines to Keystone
Barrick’s Pipeline & Cortez mines to Keystone "Gold Bar discovered 58 025 (mines 1087-02) (Gott Bar satelite deposi (mined ga Geei-2n Curent céwen mines = me. = ee | a : . discovered 2016 (mined 20005) é - ©] Cortez Mine has P&P Corned Hill es (coposts acovered 2011 , , . : annual production ~1M oz
Slide 19: Keystone Project Overview
Keystone Project Overview Targeting the next substantial gold district on the Cortez Trend = Consolidated an entire district on the Cortez Trend, NV - 20 square miles, 100% controlled by U.S. Gold Corp. = Never previously consolidated nor systematically explored by model-driven, modern-day explorati
Slide 20: Cross-sectional schematic of Keystone
Cross-sectional schematic of Keystone Exploring a significant intrusive-centered, domed, gold district on the Cortez Trend Intrusives: the “mechanism(s)” that drove the system(s) Lacustrine Margin Breccia Lower Plate T. Chapin 2017 SE Keystone Dome NW Figue: Schematic sketch of the voleanic complex
Slide 21: Keystone Exploration 2016 - 2017
Keystone Exploration 2016 - 2017 Systematic, district-wide exploration begins at Keystone = Consolidated the entire district for the first time in history = Initiated model-driven, modern day-exploration programs: digital data organization & map representation and mapping geology of the entire distr
Slide 22: Keystone 2017 Drilling Stratigraphy
Keystone 2017 Drilling Stratigraphy Strong similarities to sizeable deposits at the north of the Cortez Trend Figure 1-Stratigraphy of the Cortez area (after Creel and Bradley, 2013) FALL 2017 DRILL HOLES Fe ry Devon j me 2 Devonian Wenban Formation (Ow) dns 6: yamine screw ay estos wah Uesrvosded c
Slide 23: Keystone Exploration 2018
Keystone Exploration 2018 Early stage, systematic exploration complete — primed for discovery 2018 drilling, comprised of a total of fifteen holes, and was conducted in two phases - totalling 25,310 feet (7,714 m) » Phase 1: provided “scout” drill tests within several broad new target areas (limited
Slide 24: Keystone Exploration 2019
Keystone Exploration 2019 Targeted Drilling in 2019 — planning for discovery success = 2019 targeted drilling planned for up to 14 holes, and will be conducted in two phases - totalling 28,000 feet (9,000 m) > Phase 1: high priority targets to follow up on 2018 results Phase 2: provided a first test
Slide 25: Keystone 2019 Drilling Stratigraphy
Keystone 2019 Drilling Stratigraphy > USAU 2019 Keystone Drilling program: > One core hole Key19-01c > Sis reverse-circulation holes (rc) > Total of 13,177 feet (4,016 meters) > Focused on 4 target areas: > Sophia > Tip-Top > Sophia South > Nina Skarn > Allholes encountered anomalous Au and strong p
Slide 26: Maggie Creek
Maggie Creek > US. Gold Corp. acquired Orevada Metals, Inc. through a share exchange in September, 2019 > Orevada is a wholly own subsidiary of an Ontario corporation > The Ontario corporation is now a fully owned subsidiary of USAU > Orevada has an option to acquire the Maggie Creek claims > Orevad
Slide 27: U.S. Gold Corp. peer comparison
U.S. Gold Corp. peer comparison Compelling value with considerable potential upside Pre-tax NPV of $178.5 million versus the company’s market capitalization of ~ $20 million MARKET CAP COMPARISON explorers / developers focussed on the Americas? Market Cap. (US$) $Sonsce: Companies’ matket capitaliza
Slide 28: Directors, Management & Technical Advisory Team
Directors, Management & Technical Advisory Team John N. Braca Edward M. Karr The Honorable Ryan K. Zinke Timothy M. Janke Andrew Kaplan Douglas Newby Management Team Edward Karr President & CEO David Rector COO, Secretary Ted Sharp CFO Ken Coleman Project Geologist Technical Advisory Team Tom Chapin
Slide 29: The U.S. Gold Corp. Opportunity
The U.S. Gold Corp. Opportunity Tight share structure & advancing world-class assets World-class portfolio, in stable and mining friendly US. jurisdictions. The portfolio offers investors both potential near-term production and sizeable blue-sky exploration Team of renowned explorers and proven comp
Slide 30: Contacts
DEVELOPMENT PROVENTEAM —_US.COMPANY — HIGH UPSIDE PACKAGE = = < = = Exciting combination of a ‘Top quality U.S. Gold Corp.isaUS "Lie awh portend a later stage development ‘management and based company, listed on for the current resource asset and exploration blue advisory team with a major US Exchan