West Vault Mining Inc · TSXV:WVM
West Vault Mining — Investor Presentation (March 2025)
31 slides from West Vault Mining's investor presentation, March 2025
Slide 1: West Vault Mining - An Investment in Gold
West Vault Mining - An Investment in Gold Investment Sandy McVey, CEO 1 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF March 2025 smcvey@westvaultmining.com +1-778 388 2464
Slide 2: Compliance with NI 43-101 and Cautionary Statements
Compliance with NI 43-101 and Cautionary Statements Hasbrouck Project Pre-Feasibility Study, and Mineral Resource and Mineral Reserve Estimates. Certain information in this presentation has been taken from West Vault Mining’s news release of January 23 rd, 2023, “West Vault Mining Announces 51% IRR
Slide 3: Forward-looking Statements and Cautionary Note to US Investors
Forward-looking Statements and Cautionary Note to US Investors Forward-looking Information. This presentation contains forward-looking information or forward-looking statements (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information
Slide 4: Our Strategy – we hold Gold-in-Ground
Our Strategy – we hold Gold-in-Ground We hold ready-to-build gold-in-ground ounces in the Hasbrouck Gold Project We believe that rising gold prices will increase Hasbrouck’s value We will hold Hasbrouck until the conditions are right to either sell or build We are vigilant to acquiring projects of a
Slide 5: Smart Money Believes In Our Low-Risk Strategy
Smart Money Believes In Our Low-Risk Strategy An early investor, Rick Rule agrees with our strategy: “I like West Vault’s strategy of limiting dilution around a proven deposit. One needs to be tolerant of boredom - I am if the alternative is terror!” Sandy McVey, CEO 5 www.westvaultmining.com TSXV:
Slide 6: Big Money Supports Our Gold-in-Ground Strategy
Big Money Supports Our Gold-in-Ground Strategy 72% HELD BY HIGH-QUALITY GOLD FUNDS Sun Valley Gold 46% Ruffer 17% Eric Sprott 5% Konwave AG (Gold 2000) 3% Management & Insiders 1.5% Sandy McVey, CEO 6 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 7: Gold-in-Ground Has Low Holding Costs
Gold-in-Ground Has Low Holding Costs The effective cost of holding physical gold in an ETF - ~$150/oz/year* The effective cost of holding Hasbrouck gold-in-ground - ~$1.80/oz/year** *Assumes 5% interest rate, $2,650 gold, US$10/ounce ETF charge *Assumes US$1m/year WVM operating costs Sandy McVey, CE
Slide 8: Gold-in-Ground Avoids Risks, Offers Rewards
Gold-in-Ground Avoids Risks, Offers Rewards WHILE AVOIDING RISK, WVM OFFERS REWARD IN TWO WAYS 1. A rising gold price increases Hasbrouck’s profitability and value, with low risk 2. On-property exploration can increase the Mineral Resource Sandy McVey, CEO 8 www.westvaultmining.com TSXV: WVM OTCQX:W
Slide 9: Is WVM Undervalued? – Centerra Says Yes
Is WVM Undervalued? – Centerra Says Yes CENTERRA PURCHASED NEARBY GEMFIELD PROJECT FOR US$206M* IN 2022:- Project Implied Value per oz GEMFIELD US$427 HASBROUCK US$75 • Source – Centerra News Release, February 22, 2022 ** Source – “Update to Feasibility Study on The Goldfield Property, Nevada, USA”,
Slide 10: Is WVM Undervalued? - Sprott Says Yes
Is WVM Undervalued? - Sprott Says Yes IN 2021 SPROTT* PURCHASED A GOLD STREAM FROM HASBROUCK Company Implied Value per oz SPROTT US$937 WEST VAULT US$75 * Sprott Private Resource Streaming and Royalty (B) Corp ** Source – West Vault Mining news release, Feb 22, 2021 *** Source – “Technical Report an
Slide 11: We Are Misers With Investors’ Money
We Are Misers With Investors’ Money • US $2.5m cash on hand • Low annual operating costs • Expect no dilution for 2 years • Share buy-back program Sandy McVey, CEO 11 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 12: Hasbrouck - both Profitable, and Highly Sensitive to Gold Price
Hasbrouck - both Profitable, and Highly Sensitive to Gold Price See cautionary language about the Technical Report on page 2 Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 202
Slide 13: Hasbrouck Key Facts - Robust Economics, Ready-to-Build
Hasbrouck Key Facts - Robust Economics, Ready-to-Build Three Hills Mine IRR 51% after-tax @ $1,790 gold NPV5 US $206M after-tax @ $1,790 gold Initial Capex US $66M AISC US $877/oz Hasbrouck Mine Recoverable Gold 561,000 oz (71,000 oz/yr) Geology + 600 boreholes, all-oxide Metallurgy 13 test programs
Slide 14: Nevada – Lowest Geopolitical Risk
Nevada – Lowest Geopolitical Risk • #1 in investment attractiveness globally* • #5 in gold production globally** • Tonopah – a pro-mining town * Fraser Institute Annual Survey of Mining Companies, 2023 ** Minerals.nv.gov, 2023 Reference to active mines and other mineral projects is for illustration
Slide 15: First Pit - Strong Expansion Potential
First Pit - Strong Expansion Potential Sandy McVey, CEO 15 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 16: Second Pit - Strong Exploration Potential
Second Pit - Strong Exploration Potential Multiple on-property exploration targets – 10,000 acres See cautionary language about exploration targets on Slide 2 Sandy McVey, CEO 16 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 17: Second Pit - High-Grade Root Expansion Potential
Second Pit - High-Grade Structural stratigraphic controls high grade West Root Expansion Potential 39 m of 4.8 g/t Au Structural intersections creating high grade High-grade Walker Lane structure exiting pit underground Structural intersection controls high grade 5 m of 11.3 g/t Au potential 13 m of
Slide 18: In Summary - Why Invest in WVM
In Summary - Why Invest in WVM We hold ready-to-build, profitable, gold-in-ground ounces at Hasbrouck We believe rising gold prices will increase Hasbrouck’s value We will hold Hasbrouck until the conditions are right to either divest or build We are vigilant to acquiring projects of at least Hasbro
Slide 19: Thank you
Thank you Sandy McVey, CEO & COO, M.Sc., P.Eng, PMP smcvey@westvaultmining.com P: 778 388 2464 TF: 1-866-899-5450 838 – 1100 Melville Street Vancouver, BC V6E 4A6 www.westvaultmining.com Sandy McVey, CEO 19 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 20: Additional information
Additional information Sandy McVey, CEO 20 www.westvaultmining.com TSXV: WVM OTCQX:WVMDF smcvey@westvaultmining.com +1-778 388 2464
Slide 21: Experienced, successful leadership
Experienced, successful leadership Peter Palmedo Pierre Lebel, MBA LLB Frank Hallam, BBA, CA Priscila Costa Lima, BBA, Sandy McVey, P.Eng, PMP CPA, CMA Chairman and Director Independent Director Director, CFO, and Corporate Independent Director CEO and COO Secretary President of Sun Valley Gold Chai
Slide 22: Company Data
Company Data Stock symbol TSXV: WVM OTCQX:WVMDF US $2.5m cash on hand Share price (Feb 28, 2025) C$1.15 - no dilution for approximately 2 52-week high / low C$1.45 / C$0.83 years Issued & outstanding 57,995,161 Options 1,611,000 Restricted Share Units 149,331 Fully diluted 59,755,492 Deferred Share
Slide 23: First Pit - Simple, Profitable!
First Pit - Simple, Profitable! 71,000 oz per year No pre-strip, 0.9:1 strip ratio Run-of-mine heap leach Generates cash to build Hasbrouck Mine Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by
Slide 24: First Pit Layout
First Pit Layout Simple, quick, no gold plant, contractor mining ~12 months to first gold pour Admin & assay lab in Tonopah – 1 mile Grid power - 1 mile On-site water Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County
Slide 25: First Pit - Strong Exploration Potential
First Pit - Strong Exploration Potential* Four targets Extensions to known mineralization Open high-grade corridors Potential high-grade structures See cautionary language about exploration targets on Slide 2 Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three H
Slide 26: Second Pit – Simple, Profitable!
Second Pit – Simple, Profitable! 71,000 oz per year Little pre-strip, 1.2:1 strip ratio Expansion potential Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 2023, with contribut
Slide 27: Second Pit – Layout
Second Pit – Layout ~18 months to build Easy road access Grid power On-site water Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 2023, with contributions from Thomas Dyer, P.E
Slide 28: Second Pit - Strong Exploration Potential
Second Pit - Strong Exploration Potential* Three centres of mineralization 12,000 acres with exploration potential Hill of Gold – an upside opportunity All necessary infrastructure nearby * See cautionary language about exploration targets on Slide 2 Sandy McVey, CEO 28 www.westvaultmining.com TSXV:
Slide 29: 2023 Pre-feasibility summary
2023 Pre-feasibility summary See cautionary language on Mineral Reserves on Page 2 Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 2023, with contributions from Thomas Dyer, P.
Slide 30: Mineral Resource
Mineral Resource (Includes Reserve) See cautionary language on Mineral Reserves on Page 2 Source – “Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project, Esmeralda County, Nevada”– produced by RESPEC, January 2023, with contributions from Thomas D
Slide 31: Mineral Reserve
Mineral Reserve (included in Measured and Indicated Resource) 1. The estimation and classification of proven and probable reserves was prepared in accordance with CIM standards by Thomas L. Dyer P.E. of Mine Development Associates, who is the independent qualified person for this Reserve statement.
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