Dakota Gold Corp. · AMEX:DC
Dakota Gold — Investor Presentation (May 2025)
25 slides from Dakota Gold's investor presentation, May 2025
Slide 1: Revitalizing The Homestake District Of South Dakota
Revitalizing The Homestake District Of South Dakota NYSE American: DC Investor Presentation | May 2025 dakotagoldcorp.com
Slide 2: Disclaimer
Disclaimer Dakota Gold is a Forward-Looking Statements South Dakota-based, This communication 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 communi
Slide 3: Dakota Gold - a unique investment opportunity in the Homestake District
Dakota Gold - a unique investment opportunity in the Homestake District 1. Focused on advancing Richmond Hill, the largest undeveloped gold resource in US held by a junior with a definable pathway to production 2. Fully funded with $47 Million cash balance to advance through the Robert Quartermain e
Slide 4: Homestake District: New Opportunities
Homestake District: New Opportunities Richmond Hill Legend - Homestake District and Key Projects Maitland Gold Project Dakota Gold Land Package Richmond Hill – Private Land Gold Project Homestake Iron Formation Richmond Hill resource cone • Private Land Wharf open pit mine Maitland - Private Land
Slide 5: Richmond Hill Oxide Heap Leach Gold Project – Developing One of the Next Gold Mines in the USA
Richmond Hill Oxide Heap Leach Gold Project Maitland – Developing One of the Next Gold Mines in the USA S-K 1300 Mineral Resource Richmond Hill • Heap Leachable Mineral Resource: 3 km north of • 3.65 M oz of M&I at 0.463 g/t Gold • 38.1 M oz of M&I at 4.83 g/t Silver Wharf • 2.61 M oz of Inferred at
Slide 6: Richmond Hill - Potential Step-Out & Infill Areas
Plan View Richmond Hill - Potential Step-Out & Infill Areas • Mineralization is very shallow with portions of the resource exposed at surface. • The heap leachable resource remains open to the north and in the southeast area of Richmond Hill. Heap Leach Resource • 2025 planned drill program ~80,000
Slide 7: Richmond Hill - Cross Sections A-A’
Richmond Hill - Cross Sections A-A’ Heap Leachable Resource Combined Heap Leach and Milled Resource dakotagoldcorp.com NYSE-A: DC dakotagoldcorp.com || NYSE-A: DC 7
Slide 8: Richmond Hill - CN Assay to Fire Assay Ratio
Richmond Hill - CN Assay to Fire Assay Ratio CN:FA Ratio 100% to 70% 70% to 40% North Less than 40% M&I Oxide Pit Outline 100 Meters 500 Meters Plan View Section View dakotagoldcorp.com NYSE-A: DC dakotagoldcorp.com || NYSE-A: DC 8
Slide 9: Wharf Mine Compared to Potential Richmond Hill Study
Wharf Mine Compared to Potential Richmond Hill Study Richmond Richmond Hill Richmond R&R Dec Resource @ Wharf Mine Hill (Study 31, 2024 Wharf Mine Hill Wharf Reserve Parameters) Resource Cut-off $94.6 million P&P 757,000 Maitland Free Cash Flow (12mos Dec) Reserves (0.81 g/t) 98,042 ounces ~150koz R
Slide 10: Richmond Hill - Phase 1 Conceptual Plan
Richmond Hill - Phase 1 Water 45 Acres Overburden Conceptual Plan Treatment Plant North Storage Area (26MM tons) • Heap Leachable material • Target Production Rate: 30k tons/day crush/stack rate Mined Area • Initial 5 years of mining plan (78MM tons) 193 Acres • Initial Annual Mine Production: ~150k
Slide 11: Richmond Hill - Permitting
Richmond Hill - Permitting Maitland • The first phase of mining within the Richmond Hill Project Area will target a maximum disturbance of 580 acres – the Company plans to undertake concurrent reclamation with mining, and depending on future disturbance requirements, may apply for an additional perm
Slide 12: Local Experience and Competencies
Local Experience and Competencies James Berry Over 30 years of experience in mining and exploration including 5 Shawn Campbell More than 15 years of experience in project and operations financial VP, Exploration years working for Goldcorp at the Wharf Mine, as well as 10 years CFO management includ
Slide 13: Richmond Hill - Timeline to Production
Richmond Hill - Timeline to Production 2025 2026 2027 2028 2029 2030 S-K 1300 Feasibility Study (FS) IA with Cash Flow Dakota Gold has a non-binding proposal from Orion Mine Finance for up to $300 million of financing support for the purposes of Baseline Data Collection Permitting - County Condition
Slide 14: Richmond Hill - Ready to become one of the next independent US gold mines
Richmond Hill - Ready to become one of the next independent US gold mines, in a market with limited assets 2025E 100 kozpa as EV (US$M) EV Company Prod'n % of per (US$M) Independent Gold Projects (AuEq koz) production 100kozpa Being Advanced in America Alamos Gold $11,354 595 17% $1,908 (Estimated p
Slide 15: Leachable Resource (mozAuEq) – Largest undeveloped oxide gold asset in US held by junior
Richmond Hill – Largest undeveloped oxide gold asset in US held by junior Heap-leachable resources (mozAuEq) of Dakota Gold vs US gold developer peers1,2 Leachable Resource 2.8 Inf (mozAuEq) dakotagoldcorp.com | NYSE-A: DC Source: Company disclosure; Agentis Capital research 4.1 M&I 1. Measured, Ind
Slide 16: Richmond Hill is a Top Tier Gold Project
Richmond Hill is a Remarks from Dakota Gold’s analysts on the Richmond Hill oxide resource: Top Tier Gold Project “…Richmond Hill is a meaningful deposit not only in the US but also globally and is entirely on private ground, which should • Large heap leachable gold project, resource open for simpli
Slide 17: Maitland Gold Project – JB Gold / Unionville Zones
Maitland Gold Project Unionville Zone – JB Gold / Unionville Zones • Since commencing exploration in 2022, Dakota Gold has completed 73 drill holes totaling 63,448 meters at Maitland. In 2024, 35 drill holes were Property boundary between Maitland and Homestake completed including 14 daughter holes
Slide 18: Maitland Gold Project - High-grade exploration optionality
Maitland Gold Project - High-grade exploration optionality West Ledge System - Approx. 6,000 Drill Holes underground - Avg grade of 11.63 g/t Au and width of 6.1 m - 6 million oz gold produced JB Gold Zone - Approx. 47 Drill Holes from surface - Avg grade of 10.76 g/t Au and width of 4.0 m dakotagol
Slide 19: Maitland Gold Project
Maitland Gold LEGEND Showing select intercepts at Maitland Project Homestake Mineralization 34 Ledge 35 Ledge 36 Ledge “The opportunity we see at 37 Ledge Maitland is unique in that we Homestake Intersections have the possibility to access two 10.76 g/t Au / 4.0 m average distinct types of mineraliz
Slide 20: 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 21: Dakota Gold is a Responsible Miner – Sustainability Highlights 2024
“Dakota Gold is committed to sustainable development Dakota Gold is a Responsible Miner as a core value, as further articulated in our – Sustainability Highlights 2024 Jerry Aberle Environmental and Director and Chief Community Relations Operating Officer HEALTH AND SAFETY Policies.” • Achieved 4 YE
Slide 22: Dakota Gold NYSE American: DC
Dakota Gold +20.5% Dakota Gold Management Owns Year To Date ~15% Performance Spot Gold +19.0% As of S&P 500 –4.6% NYSE American: DC Alignment with Shareholders Mar 31, 2025 GDXJ +34.4% Orion Mine Finance, 8.7% CAPITAL STRUCTURE Robert Quartermain, 6.9% (in millions) (Mar 31, 2025) - Co-Chair, Direc
Slide 23: Directors and Management
Directors and Management ~92% of Dakota Gold employees live in South Dakota with 13 South Dakota School of Mines alumni, students or former faculty Robert Past Executive Chairman of Pretium Resources Inc. and CEO of Jennifer Grafton Currently serves as Lead Independent Director of Farmland Quarterma
Slide 24: 2025 Transformational Year Leading to the Next Era of the Homestake Gold District
2025 Transformational Year Leading to the Next Era of the Homestake Gold District CATALYSTS: Announced Heap Leachable Oxide Gold Resource of 3.65 Moz of M&I resources at Richmond Hill in Q1 2025 Announced close of $35 Million financing in March 2025 • Complete Richmond Hill IA with Cash Flow pla
Slide 25: Media and Investor Relations
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