I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (June 2023)
33 slides from I-80 Gold's investor presentation, June 2023
Slide 1: Made in the U.S.A.
JUNE 2023 MADE IN THE U.S.A. NYSE:IAUX | TSX:IAU
Slide 2: Disclaimer
DISCLAIMER Cautionary StatementRegardingForward LookingInformation Certain statements in this presentation constitute “forward looking statements” or “forward looking information” within the meaning of applicable securities laws, including but not limited to, completion of refurbishment and developm
Slide 3: Superior Performance
SUPERIOR EXECUTING OUR PLAN PERFORMANCE U.S. Focused Growth Company PEER-BEST SHARE PERFORMANCE • Nevada is consistently ranked as one of the world’s most favourable 01 2021 – Up 29 %3 2022 – Up 22 % jurisdictions for mining • Permitted - constructed infrastructure SUCCESS IN EXPLORATION allowing th
Slide 4: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS EWAN DOWNIE MATT GILI MATT GOLLAT RYAN SNOW TODD ESPLIN ANDY COLE Chief Executive Officer & President & COO Chief Financial Officer Technical Director Senior Mining & Director Executive Vice-President Processing Advisor 25+ years explora
Slide 5: Central Nevada
CENTRAL NEVADA World’s Most Productive Gold District • Nevada is once again ranked as the world’s #1 most favourable jurisdiction by the Fraser Institute • The Carlin & Battle Mountain Trends in Central Nevada collectively represent the world’s most productive gold “district” • i-80 is the largest h
Slide 6: Processing
PROCESSING Competitive Advantage • Lone Tree Facility • Positions i-80 as one of only three companies in Nevada with refractory processing capabilities • Strategically located facility, situated on Interstate 80 and proximal to the Central Nevada Railway • Ruby Hill Facility • Assessing the utilizat
Slide 7: Fundamentals
FUNDAMENTALS Nevada’s Premier Growth Company Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) • Second only to Nevada Gold Mines for M&I (Moz Au) Inferred (Moz Au) gold resources contained within the Carlin/Battle Mountain Trends 15.2 • Targeting a significant increase in AuEq re
Slide 8: Fundamentals: Superior Gold Grades
Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) FUNDAMENTALS Superior Gold Grades SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) 2.00 1.77 • i-80 open-pit grades rank among the 1.52 1.80 1.60 1.38 1.39 1.42 1.11 1.40 highest-grade in the US, especially 1.20 1.00 0
Slide 9: U.S. Producer
Mineral Resources – Underground U.S. PRODUCER Category Tonnage Au Grade Gold Sequencing Two Processing facilities GRANITE CREEK MINE (kt) (g/t) (Koz) Measured & Indicated 1,008 10.40 337 • Three deposits being developed with Inferred 741 13.41 319 processing at the Lone Tree facility (autoclave) • U
Slide 10: Lone Tree Mine
• Central Processing Autoclave Facility • Operating Heap Leach 100% OWNED • Operating Laboratory Facility • Climate Controlled Warehouse • Core Cutting and Logging Facility LONE TREE MINE • Full Maintenance Shops CORE PROCESSING FACILITY • Office Complex • Site flotation circuit (1.8Mt/year)
Slide 11: Lone Tree Mine
LONE TREE MINE • Completed initial capital estimate for the retrofit of the Lone Tree autoclave to suit i-80 mineralization (Hatch): Direct Cost Total Cost Earthworks, Concrete, Structural, Architectural $20,820,545 Mechanical $70,012,285 Piping $18,955,197 Instrumentation $10,575,030 Electrical $12
Slide 12: Ruby Hill Mine
100% OWNED RUBY HILL MINE ONE OF NEVADA’S LARGEST DEPOSITS
Slide 13: Ruby Hill
RUBY HILL Ultimate Optionality • Multiple Deposit Types: • Refractory Gold (Ruby Deeps) • Oxide Gold Underground (426 Zone) • Oxide Gold Open Pit (Mineral Point) • Poly-Metallic CRD (Hilltop - FAD) • Skarn Base Metal (Blackjack) • Operating Heap Leach Facility • On-site Oxide Milling Facility • Key
Slide 14: Ruby Hill: Extensive System
RUBY DEEPS Extensive System RUBY HILL Holly-Helen Mines Reported grade: Blackjack Hilltop Discovery 0.23 oz/t Au, 28.7 oz/t Ag, +37% Pb TL Hilltop BR BLACKJACK • The Eureka District ranks as one of the T.L. Mine - Reported grade: 0.43 oz/t Au, 11.5 oz/t Ag, world’s highest-grade CRD districts 17% Pb
Slide 15: Ruby Hill: Hilltop Discovery
RUBY HILL Hilltop Discovery • Drilling has discovered both CRD & skarn sulphide mineralization in initial drilling testing along the Hilltop fault structure • Large-scale drill program underway - Wide open for expansion • Multiple discoveries have been made since mid-2022 – 3 so far in 2023: Lower H
Slide 16: Hilltop Zones
HILLTOP ZONES • Upper Hilltop Zone: • Discovery of near-surface oxide & semi- massive to massive sulphide mineralization: • 515.3 g/t Ag, 28.9 % Pb, 10.5 % Zn & 0.9 g/t Au over 28.3 m • 60.2 g/t Au, 908.7 g/t Ag, 15.7 % Pb & 1.1 % Zn over 10.0 m • 1.9 g/t Au, 631.1 g/t Ag, 33.0 % Pb & 7.4 % Zn over
Slide 17: Ruby Hill: Ruby Deeps / Zone
RUBY HILL Ruby Deeps / 426 Zone • 2022 drill program focused on defining mineralization in the Ruby Deeps and 426 Zones for mine planning • Drilling in 2023 will target expansion of gold resources in the Ruby Deeps and 428 Zones • Drilling recently intersected Ruby Deeps approx. 200 m south of previ
Slide 18: Ruby Hill: Ruby Deeps / Zone
RUBY HILL Ruby Deeps / 426 Zone • Impressive grades & widths - open for expansion to the north, south and east • Lower grade oxide mineralization in the upper parts of the 426 Zone could be mined and processed on the leach pad at Ruby Hill • Sulphide mineralization trucked to Lone Tree for processin
Slide 19: Ruby Hill: 428 Zone
RUBY HILL 428 Zone • 2022 drill program tested for high- grade mineralization in the 428 target, following up on historic hole HPC-1428 that intersected 15.0 g/t Au over 5.5 m • First hole drilled by i-80 to test this target (iRH22-65) returned 12.3 g/t Au over 10.7 m • Additional drilling will be c
Slide 20: Development Plan
DEVELOPMENT PLAN Multiple Deposits – Shared Infrastructure • Designing infrastructure to access both gold (Ruby Deeps & 426) and Upper Hilltop polymetallic base metal deposits (Blackjack & Hilltop) • Underground platforms will provide improved locations to target expansion of mineralized zones & red
Slide 21: Granite Creek Mine
100% OWNED GRANITE CREEK MINE NEVADA’S NEWEST HIGH-GRADE GOLD MINE
Slide 22: Granite Creek
GRANITE CREEK • Located at the Intersection of the Getchell and Battle Mountain Trends immediately South of NGM’s Twin Creeks and Turquoise SIGNIFICANT UNDERGROUND AND OPEN PIT Ridge mining operations RESOURCES • NGM interim processing agreement allows i- 80 to advance mine development with an Miner
Slide 23: Granite Creek: South Pacific Zone
GRANITE CREEK South Pacific Zone • The SPZ Zone remains open at depth and along strike to the north • Grades consistently in excess of 10 g/t Au over expected mine widths • High-grade intercepts in historic hole HPC- 175 a further 400 m to the north suggest the potential to extend the strike-length
Slide 24: Granite Creek: Underground Development
GRANITE CREEK Underground Development • Underground drilling of the South Pacific Zone is expected to commence in Q3-2023 • First stopes in the SPZ planned for Q1-2024 • South Pacific Zone is 100% sulphide and is expected to become the primary source of mineralization delivering to NGM • Steady prog
Slide 25: Cove Mine
100% OWNED COVE MINE ADVANCED EXPLORATION
Slide 26: McCoy-Cove
Mineral Resources2 MCCOY-COVE Tonnage Au Grade Ag Grade Gold Silver Advanced Exploration Program (kt) (g/t) (g/t) (koz) (koz) • Current program includes driving a decline and completing underground Indicated 1,007 10.9 29.1 351 943 drilling (~40,000 m program) in Inferred 3,867 10.9 20.6 1,353 2,565
Slide 27: McCoy Cove Operations Summary
MCCOY COVE Operations Summary • Nearing completion of northern drift and resuming southern drift • Primary development: 4,280 ft completed - 1,262 remaining (at end of April). • In-fill drilling commenced Q4-2022 with positive initial results in first four holes: • 6.6 g/t Au over 6.0 m (iCHU23-01)
Slide 28: Environment, Sustainability, Governance
ENVIRONMENT, SUSTAINABILITY, GOVERNANCE i-80 Gold is committed to sustainable development and environmental stewardship during exploration and extraction of mineral resources. As we continue to grow our team and our operations, we prioritize safety and improving the social, economic, and environment
Slide 29: Summary
SUMMARY GROWTH EXECUTING OUR CAPITAL ALLOCATION STRATEGY Organic growth platform with a goal of Executing a plan to grow reserves & Prioritize reserve increases and mine becoming Nevada’s 2nd largest gold resources, production, and cash flow development with minimal share dilution producer with sust
Slide 30: Contact Us
CONTACT US 1.866.525.6450 WWW.i80GOLD.COM Ewan Downie Matthew Gili Ryan Snow Matthew Gollat Chief Executive Officer President & COO Chief Financial Officer Executive Vice-President i-80 GOLD CORP | 30
Slide 31: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 277,347,076 Warrants 17,211,152 Options 10,271,397 RSU’s/DSU’s 1,465,742 Fully Diluted 306,295,367 *On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears an
Slide 32: Mineral Resources
MINERAL RESOURCES MINERAL RESOURCES1,2,3,4,5,6 Tonnes Au Grade Ag Grade Au Ounces Ag Ounces (kt) (Au g/t) (Ag g/t) (Koz) (Koz) Mineral Resources Attributable to i-80 Gold Corp. upon closing of the Lone Tree Measured and Ruby Hill Arrangements Granite Creek - Open Pit 20,857 1.47 988 Granite Creek -
Slide 33: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS RON CLAYTON EVA BELLISSIMO JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV CHRISTINA MCCARTHY Chairman Director Director Director Director Director Director 40+ years exploration, 20+ years legal, 35+ years operational 22+ years experience Chartered Professional Gener