Slide 1: Highlighting The High Grade At Blackwater Technical Presentation
TSX-V: ARTG www.artemisgoldinc.com November 2020 Highlighting The High Grade At Blackwater Technical Presentation
Slide 2: Forward Looking & Cautionary Statements
Forward Looking & Cautionary Statements This presentation contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws (together, “forward-looking statements”). Forward-looking statements can generally be identi
Slide 3: Value Creation Through Derisking & Execution
Value Creation Through Derisking & Execution Atlantic Gold (2014-2019) • Acquisition to production in 3 years • +1,129% return for shareholders • GDXJ Index down 29% during the same period • Acquired at the all-time high Artemis Gold (2019 -) • Acquired Blackwater in August 2020 • Targeting full pro
Slide 4: Grade Control Drilling Program
Grade Control Drilling Program • 35,000-metre grade control RC Drilling Program commenced in Q4/20 • Targeting ~2.5 M tonnes of Year 1 mill feed Program Objectives • Delineate near surface high-grade mineralization to confidence in the first year of mill feed • Will be a continuous program to keep 6
Slide 5: Mineral Resource Estimate for Blackwater
Mineral Resource Estimate for Blackwater Measured & Indicated Mineral Resource Estimate (Effective May 5, 2020) In-situ Grades In-situ Contained Metal Cut-off Tonnage AuEq Au Ag AuEq Au Ag (g/t AuEq) (kt) (g/t) (g/t) (g/t) (koz) (koz) (koz) 0.20 596,765 0.65 0.61 6.4 12,406 11,672 122,381 0.30 437,0
Slide 6: Grade Control Program (cont…)
Grade Control Program (cont…) Highlighting selected near surface DD intersections in resource • BW0213: 21m @ 1.93 g/t AuEq (28m1) • BW0283: 29.5m @ 1.99 g/t AuEq (25.5m1) • BW0297: 17m @ 2.12 g/t AuEq (7m1) • BW0304: 5m @ 2.10 g/t AuEq (23m1) • BW0315: 9m @ 3.94 g/t AuEq (43m1) • BW0587: 23m @ 6.24
Slide 7: Grade Control Program (cont…)
Grade Control Program (cont…) Highlighting selected DD intersections 50-100m in resource • BW0283: 9m @ 1.60 g/t AuEq (58m1) • BW304: 8m @ 1.36 g/t AuEq (99m1) • BW0548: 11m @ 5.86 g/t AuEq (85m1) • BW0557: 51m @ 4.06 g/t AuEq (74m1) • BW0566: 31m @ 2.08 g/t AuEq (69m1) • BW0587: 33m @ 1.15 g/t AuEq
Slide 8: Blackwater Project 2020 PFS Summary
Blackwater Project 2020 PFS Summary -After providing for the gold stream granted to New Gold Gold Price – US$1,541/oz Phase 1 Phase 2 Phase 3 Phase 4 LOM Years 1-5 6-10 11-17 18-23 1-23 Initial/Expansion Capex $592m $426m $398m Nil $1415m Sustaining Capex* $132m $199m $278m $107m $711m Throughput (t
Slide 9: Continuous Broad Zones of High Grade Mineralization
Continuous Broad Zones of High Grade Mineralization… A – Long Section N 5892775 A E W B – Cross Section E 375050 B C N S C – Cross Section E 375550 …drives the low strip ratio LOM N S www.artemisgoldinc.com | TSX Venture: ARTG 9
Slide 10: Targeting a High-Grade Starter Zone (Years 1-7)
Targeting a High-Grade Starter Zone (Years 1-7) Bench 1570 - Within Year 1 Pit Design Higher-grade starter zone for the first seven years: • 50.5M tonnes processed through the mill from the southwest part of the deposit • Grading 1.5 g/t gold • <2 strip ratio Bench 1570: • 1 of 7 benches to be mined
Slide 11: High Grade Continuity: Ramped up to 35,000 tpd
High Grade Continuity: Ramped up to 35,000 tpd Bench 1480 - Within Year 7 Pit Design Bench 1480: • 1 of 8 benches to be mined within the seventh year of operation Bench 1480 - YR7 COG (AuEq g/t) Tonnes (kt) AuEq (g/t) koz >0.24 - 0.50 2,406 0.36 27.79 >0.50 4,554 1.39 203.11 Total 6,960 1.03 230.90
Slide 12: Blackwater Gold Production and AISC
Blackwater Gold Production and AISC Notes: FCF = Operating Cash Flow – Sustaining Capex (includes Closure Costs) – Cash Taxes (Excludes Expansion/Growth Capital) Exp. Capex = Expansion Capital, AISC = All-In Sustaining Costs www.artemisgoldinc.com | TSX Venture: ARTG 12
Slide 13: Exploration Potential
Exploration Potential: Open to the North, Northwest and at depth • Already a 23-year reserve life • Long-term exploration upside potential remains substantial • Open to the North • Open to the Northwest • Open at depth in the South • 1,500 km2 largely untested land package www.artemisgoldinc.com | T
Slide 14: Upcoming Catalysts for Artemis Gold
Upcoming Catalysts for Artemis Gold Steady stream of catalysts and derisking events for ARTG over the next 12 months GMP Proposals for EPC Contracts Credit Approved Project Debt Term Sheets Blackwater Grade Control Expansion Program Results Drilling Results Indigenous Partnership Agreements Blackwat
Slide 15: Artemis Gold Inc.
Artemis Gold Inc. +1 (604) 558-1107 | info@artemisgoldinc.com 3083 - 595 Burrard Street, Vancouver, BC, Canada V7X 1L3 www.artemisgoldinc.com
Slide 16: Appendix I: Mineral Resource Estimate for Blackwater
Appendix I: Mineral Resource Estimate for Blackwater In situ Grades In situ Metal Cutoff Tonnage AuEq Au Ag AuEq Au Ag Classification (g/t) (ktonnes) (g/t) (g/t) (g/t) (koz) (koz) (koz) 0.2 427,123 0.68 0.65 5.5 9,360 8,905 75,802 0.3 313,739 0.84 0.8 5.9 8,463 8,109 59,009 0.4 238,649 0.99 0.96 6.1
Slide 17: Appendix I: Mineral Resource (cont…)
Appendix I: Mineral Resource (cont…) Notes: 1. The Mineral Resource estimate has been prepared by Sue Bird, P.Eng., an independent Marc Schulte, P.Eng., (MMTS) Person. 2. Resources are reported using the 2014 CIM Definition Standards and were estimated in accordance with the CIM 2019 Best Practices
Slide 18: Appendix II: Mineral Reserve Estimate for Blackwater
Appendix II: Mineral Reserve Estimate for Blackwater Proven & Probable Mineral Reserve Estimate (Effective August 18, 2020) In-situ Grades Contained Metal Tonnage AuEq Au Ag Au Ag Reserve Class (Mt) (g/t) (g/t) (g/t) (Moz) (Moz) Proven 325.0 0.78 0.74 5.8 7.8 60.5 Probable 9.1 0.84 0.80 5.5 0.2 1.6