Dakota Gold Corp. · AMEX:DC
Dakota Gold — Investor Presentation (March 2025)
31 slides from Dakota Gold's investor presentation, Mar 25, 2025
Slide 1: Revitalizing The Homestake District Of South Dakota
Revitalizing The Homestake District Of South Dakota NYSE American: DC Investor Presentation | March 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
Dakota Gold - a unique investment opportunity 1. Fully funded with $47 Million cash balance to advance through the end of the Feasibility Study for Richmond Hill 2. Located in the historic Homestake Gold District that has produced ~45 Robert Quartermain million ounces of gold since 1876 Co-Chair, Pr
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
Richmond Hill Oxide Heap Leach Gold Project Maitland – Developing One of the Next Gold Mines in the USA New 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 Inferre
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 Heap Leach Resource Richmond Hill. • Both areas are currently in the pro
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 - Cross Sections B-B'
Richmond Hill - Cross Sections B-B’ Heap Leachable Resource Combined Heap Leach and Milled Resource dakotagoldcorp.com NYSE-A: DC dakotagoldcorp.com || NYSE-A: DC 8
Slide 9: 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 Plan View 500 Meters dakotagoldcorp.com NYSE-A: DC dakotagoldcorp.com || NYSE-A: DC 9
Slide 10: Richmond Hill - CN Assay to Fire Assay Ratio
Richmond Hill - CN Assay to Fire Assay Ratio A A’ Cole Creek MW3 Chism Gulch B B’ Twin Tunnels Section Views C Richmond Hill Mine C’ 100 Meters dakotagoldcorp.com NYSE-A: DC dakotagoldcorp.com || NYSE-A: DC 10
Slide 11: Richmond Hill Heap Leachable Resource - Isometric View
Richmond Hill Heap Leachable Resource – Isometric View Heap Leach Resource Milled Resource milled portion of the resource Meters dakotagoldcorp.com NYSE-A: DC dakotagoldcorp.com || NYSE-A: DC 11
Slide 12: 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 Richmond
Slide 13: Richmond Hill - Phase 1 Conceptual Site Plan
WTP, Crusher, Richmond Hill - Phase 1 Leach Pad 1 Merrill-Crowe Overburden Conceptual Site Plan Storage Area • Initial 5 years • Heap Leachable M&I material • Target Production Rate: 30k tpd crush/stack rate Mined Area: 177 • Target Annual Production: ~ 150k to 200k oz gold Acres • Concurrent reclam
Slide 14: Richmond Hill - Permitting
Richmond Hill - Permitting Maitland • 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 Richmond Hill 3 km north of Wharf • Previously disturbed land - Much of the Projec
Slide 15: 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 16: 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 17: 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 Independent Gold Projects Being Advanced in America (Estimated production Auoz per year in thousands) Railroad Pinion 2027 (Orla Mining) Heap Leach | Nevada Project & Approx Start Date Stibnite
Slide 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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 24: 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 25: Dakota Gold NYSE American: DC
Dakota Gold +27.5% Dakota Gold Management Owns Year To Date ~15% Performance Spot Gold +15.2% As of S&P 500 –3.6% NYSE American: DC Alignment with Shareholders Mar 21, 2025 GDXJ +32.2% Orion Mine Finance, 9.0% CAPITAL STRUCTURE (in millions) Robert Quartermain, 7.1% (Dec 31, 2024) - Co-Chair, Direc
Slide 26: Directors and Management
Directors and Management ~88% of Dakota Gold employees live in South Dakota with 13 South Dakota School of Mines alumni, students or former faculty Robert Quartermain Past Executive Chairman of Pretium Resources Inc. and CEO Amy Koenig VP, Governance, Corporate Secretary & Deputy General Counsel BOA
Slide 27: 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 Mar 2025 • Complete Richmond Hill IA with Cash Flow plann
Slide 28: Appendix
Appendix dakotagoldcorp.com | NYSE-A: DC 28
Slide 29: Richmond Hill - Heap Leachable Resource
Richmond Hill - Heap Leachable Resource AuEq Mineral resource is based on a RESOURCE CUT OFF AuEq GOLD SILVER GOLD SILVER KTONNES constrained block model using drill results CATEGORY GRADE (G/T) (G/T) (G/T) (KOZ) (KOZ) up to November 2, 2024 using an inverse (G/T) distanced squared methodology and t
Slide 30: Grade vs tonnage Curve for M&I Leach Resource
Grade vs tonnage Curve for M&I Leach Resource Grade / Tonnage Curve • The grade / tonnage curve for the M&I 300 Dakota Gold’s 5.0000 Approximate average Leach resource provides insight into 4.5000 resource cut-off the resource and what it looks like at all 250 4.0000 possible cut-offs. Grams per Ton
Slide 31: 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