Dakota Gold Corp. · AMEX:DC
Dakota Gold — Investor Presentation (October 2024)
30 slides from Dakota Gold's investor presentation, Oct 30, 2024
Slide 1: Revitalizing The Homestake District of South Dakota
Revitalizing The Homestake District Of South Dakota NYSE American: DC Investor Presentation | October 2024 dakotagoldcorp.com
Slide 2: Disclaimer
Disclaimer Dakota Gold is a Forward-Looking Statements South Dakota-based, This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this presenta
Slide 3: Homestake District: New Opportunities
Richmond Hill Homestake District: New Opportunities Gold Project Legend - Homestake District and Key Projects • 2,749 mineral acres Dakota Gold Land Package Richmond Hill – Private Land Homestake - ~40 M Oz Gold Historic Production • Private Land Maitland - Private Land Homestake Iron Format
Slide 4: Richmond Hill Gold Project – Developing One of the Next Gold Mines in the USA
Richmond Hill Gold Maitland Project – Developing ~2 km (1.2 miles) East-Southeast One of the Next Gold Mines in the USA • Drilling commenced March 2022 • S-K 1300 Maiden Resource 1.33 M oz of Indicated Gold at 0.80 g/t Au 1.13 M oz of Inferred Gold at 0.61 g/t Au • Adjacent to the 4 M oz Wharf Mine
Slide 5: Richmond Hill - Potential Step-Out & Infill Areas
Richmond Hill - Potential Step-Out & Infill Areas • Three of the six breccia pipes tested • Shallow mineralization with portions outcropping • Resource is open in most directions • High-grade potential – Drilling completed post S-K 1300 cut off (not included in maiden resource) includes: 22.9 meters
Slide 6: Richmond Hill - Permitting
Richmond Hill - Permitting • The Project Area is virtually 100% private land – since the Project is not located on federal lands, State and Local governments are expected to be the primary permitting entities • South Dakota Large Scale Mine Permit 445 - Much of the Project Area is currently being ma
Slide 7: Richmond Hill - Timeline to Production
Richmond Hill - Timeline to Production 2024 2025 2026 2027 2028 2029 2030 S-K 1300 resource update with cash flow analysis Feasibility Study (FS) Baseline Data Collection Permitting Engineering & EPCM Construction Production dakotagoldcorp.com | NYSE-A: DC 7
Slide 8: Orion Mine Finance - Financing Support
Orion Mine Finance - Financing Support On October 20, 2023, Orion Mine Finance became Dakota Gold’s “I had the privilege to work largest shareholder and agreed to with Orion in arranging the $540 million construction provide a non-binding proposal for up Robert Quartermain package for the Brucejack
Slide 9: Richmond Hill - Ready to become one of the next independent US gold mines
Richmond Hill - Ready to become one of the next independent US gold mines, in a market with limited assets 2024E Independent Gold Projects Being Advanced in Market Cap 100 kozpa as % of Mkt Cap per Prod’n America Company (US$M) (AuEq koz) production 100kozpa Alamos Gold $8,875 568 18% 1,563 Railroad
Slide 10: Maitland Gold Project – JB Gold Zone
Maitland Gold Project – JB Gold Zone 34 Ledge 35 Ledge • In 2024, Dakota Gold completed 35 drill holes at Maitland including 14 daughter holes totaling 25,172 meters. Property boundary between Maitland and Homestake • Since commencing exploration in 2022, Dakota Gold has completed 73 Surface Option
Slide 11: Homestake Corridor - Long Section
Homestake Corridor - Long Section NW SE MAITLAND PROPERTY FORMER HOMESTAKE MINE Homestake Iron Potential For New Mine Opportunities 40 Million Ounces Gold Produced Formation Dakota Gold Maitland is 3.4 miles north of Homestake Mine Open Cut Drilling/Mineralization Historic Drilling Blind Gold Saw P
Slide 12: Maitland Gold Project
Maitland Gold LEGEND Showing select intercepts at Maitland Project Homestake Mineralization 34 Ledge 35 Ledge 36 Ledge 37 Ledge “The opportunity we see at Homestake Intersections Maitland is unique in that we 10.76 g/t Au / 4.0 m average have the possibility to access two Tertiary Mineralization Jam
Slide 13: Maitland – JB Gold Zone Analogous to West Ledge System
Maitland – JB Gold Zone Analogous to West Ledge System Homestake Mine - West Ledge System (17, 19, 21 Ledge) 2.74 g/t Gold Cut-off North South 2.5 m @ Total of ~6 million ounces of gold 5.25 g/t produced 6.4 m @ • Ledge 17 – 1.4 M oz 1.5 m @ 9.46 g/t • Ledge 19 – 1.4 M oz 8.24 g/t • Ledge 21 – 2.5 M
Slide 14: Homestake Mine Gold Grades
Homestake Mine Gold Grades Lower-Hemisphere Projection Stereonet Sheath Fold Axes • The plunge of the mineralization and the stereonet structural data for the West Ledges is similar to that encountered in the JB Zone at Maitland Main Ledge Av. 8.37 g/t Au 65.6M tons / 15.5M oz Au 7 Ledge Av. 7.31 g/
Slide 15: Homestake – Musselwhite Plan View Comparison
Homestake – Musselwhite Plan View Comparison Yates Member Homestake Poorman Formation Fe Formation Ore Ledges projected to surface Musselwhite District Homestake District dakotagoldcorp.com | NYSE-A: DC 15
Slide 16: Maitland – Unionville Zone
Maitland – Unionville Zone • Exploration drill results to date show a near surface Tertiary epithermal gold system opportunity that Unionville Target A could expedite development of the deeper JB Gold Extension Zone below. Surface Rock Chip Samples • Unionville Target Extension Strike length could e
Slide 17: Maitland – Unionville Zone Long Section
Maitland – Unionville Zone Long Section MAITLAND – UNIONVILLE ZONE LONG SECTION VIEW LOOKING EAST A Untested Area Untested Area A’ • Modeled mineralization zone with drillhole pierce points A A’1500 m EL and grade-thickness contours Grade – Thickness Grams gold X meters 1000 m EL 3500 m N 5000 m N 4
Slide 18: Dakota Gold is a Responsible Miner – Sustainability Highlights 2023
“Dakota Gold is committed to Dakota Gold is a Responsible Miner – Sustainability Highlights 2023 sustainable development as a core value, as further articulated in our Patrick Malone Environmental and Senior Vice President Community Relations Policies.” HEALTH AND SAFETY • Achieved 3 YEARS with ZERO
Slide 19: Capital Structure & Shareholders
Capital Structure & Management Owns ~15% Shareholders Alignment with Shareholders Orion Mine Finance, 9.9% Capital Structure (Jun 30, 2024) (in millions) Robert Quartermain, 8.1% Shares Outstanding 90.9 - Co-Chair, Director, President and CEO Stock Options 4.6 Jonathan Awde, 6.1% Restricted Sha
Slide 20: Directors and Management
Directors and Management Robert Quartermain Past Executive Chairman of Pretium Resources Inc. Inducted Amy Koenig VP, Governance, Corporate Secretary & Deputy General Counsel BOARD OF DIRECTORS Co-Chair, Director, to Canadian Mining Hall of Fame in 2022. Independent Lead for Black Hills Corporation.
Slide 21: 2024 Outlook
2024 Transformational 2024 Outlook Year Leading to the Entering Next EraEra ofOf Homestake the District Homestake Gold Gold Exploration District Richmond Hill Outlook Richmond Hill Gold Project – • Infill and step-out drilling • •Updated ContinueS-Kinfill 1300 and step-outplanned resource drilling f
Slide 22: Appendix
Appendix dakotagoldcorp.com | NYSE-A: DC 22
Slide 23: Richmond Hill - Conceptual Pit-Constrained Maiden Resource Estimate
Richmond Hill - Conceptual Pit-Constrained Maiden Resource Estimate at Variable Cutoff Grades REDOX CLASSIFICATION AU G/T TONNES OUNCES AU Announced April 30, 2024 Oxide Indicated 0.65 14,979,000 314,000 See S-K 1300 Initial Assessment Table 1.1 Notes: Mixed Indicated 0.74 22,849,000 547,000 • Miner
Slide 24: Coeur's Wharf Mine - Operating Parameters
Coeur’s Wharf Mine - ASSET OVERVIEW Operating Parameters Ownership Employees 100% Coeur Mining 243 as of Dec 31, 2023 Claims 7,852 net acres Type Open pit and heap leach Crushing, “on-off” heap leaching, spent ore neutralization, Processing carbon absorption/desorption Metals Electrolytic cathodic s
Slide 25: Maitland – JB Gold Zone Hole MA23C-026
Maitland Multiple High-grade – JB Gold Zone Homestake-style Mineralization Hits Hole MA23C-026 SOUTHWEST NORTHEAST • Highest-Grade Intercept To Date at Maitland 4.871 oz/ton Au over 3.4 feet (167.0 g/t Au over 1.0 meter) • 14 sample intervals in Homestake Formation with visible gold between 2283.3
Slide 26: Maitland – JB Gold Zone
Maitland “Based on my experience working in the Homestake Mine, at Maitland we have intersected higher grade mineralization – JB Gold Zone that is shallower than exploration results from the upper portion of the West Ledge system at Homestake, which ultimately produced more than 6 million ounces of
Slide 27: Homestake – Musselwhite Cross Section Comparison
Homestake – Musselwhite Cross Section Comparison Function of fluid path (shear zones) & Iron Formation 100 m Homestake District Musselwhite District dakotagoldcorp.com | NYSE-A: DC 0 27
Slide 28: Richmond Hill – REO Opportunity
Richmond Hill – Plan View REO Opportunity • High Levels of total REO up to 12.90% over 4.9 feet • Mineralization overlaps and coincides with the Richmond Hill gold resource area • REO concentrations >1% in a discreet area 1,000 ft. X 1,000 ft. X 1,000 ft. dakotagoldcorp.com NYSE-A:DC dakotagoldc
Slide 29: Homestake District: Barrick Agreements
Homestake District: Barrick Agreements Richmond Hill Gold Project Option Legend - Homestake District and Key Projects • Option Agreement with Barrick to acquire 2,726 Dakota Gold Land Package Richmond Hill – Private Land Homestake - ~40 M Oz Gold Historic Production acres of surface and minera
Slide 30: NYSE American: DC
MEDIA AND INVESTOR RELATIONS Robert Quartermain Co-Chair, Director, President and CEO O +1 778 655 9638 Stephen O’Rourke Co-Chair, Director and Managing Director info@dakotagoldcorp.com O +1 605 717 2540 Carling Gaze @dakotagoldcorp VP of Investor Relations and Corporate Communications O +1 605 679