I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (March 2024)
30 slides from I-80 Gold's investor presentation, March 2024
Slide 1: Made in the U.S.A.
MARCH 2024 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 statements or information regarding: comp
Slide 3: Superior Performance
SUPERIOR EXECUTING OUR PLAN PERFORMANCE U.S. Focused Gold Producer US-FOCUSED GOLD EXPLORER, DEVELOPER & PRODUCER • Nevada is consistently ranked as one of the world’s most favourable 01 Largest US “Pure-Play” gold producer Properties are 100 % in Nevada jurisdictions for mining • i-80 is one of the
Slide 4: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS EWAN DOWNIE MATT GILI MATT GOLLAT RYAN SNOW TODD ESPLIN ANDY COLE JON LAIRD TONY CARROLL Chief Executive President & COO Executive Vice- Chief Financial Officer Technical Director Senior Mining & Cove & Granite Creek Lone Tree Plant Offi
Slide 5: Why i-80 Gold
Investment Attractiveness Index Policy Perception Index WHY I-80 GOLD 100% US-Projects (All in Nevada) • Nevada is ranked as the world’s #1 most favourable jurisdiction for both Investment Attractiveness and Policy Perception by the Fraser Institute • Security of land ownership • Stable Government •
Slide 6: Central Nevada
CENTRAL NEVADA World’s Most Productive Gold District • The Carlin & Battle Mountain Trends in Central Nevada collectively represent the world’s most productive gold “district” • i-80 is the largest holder of gold resources in the Central Nevada district next to Nevada Gold Mines (Barrick-Newmont JV)
Slide 7: 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 8: 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 gold resources contained within the M&I (Moz Au) Inferred (Moz Au) Carlin/Battle Mountain Trends • Targeting a significant increase in AuEq 15.2 re
Slide 9: 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) • i-80 open-pit grades rank among the 1.77 2.00 1.52 1.80 1.38 1.39 1.42 highest-grade in the US, especially 1.60 1.11 1.40 1.01 1.02 w
Slide 10: U.S. Producer
U.S. PRODUCER Category Mineral Resources – Underground Tonnage Au Grade Gold Sequencing Two Processing facilities (kt) (g/t) (Koz) GRANITE CREEK • Three deposits being developed with MINE Measured & Indicated 1,008 10.40 337 processing at the Lone Tree facility Inferred 741 13.41 319 (autoclave) • U
Slide 11: 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 • Office Complex OUR COMPETITIVE ADVANTAGE • Site flotation circuit (1.8Mt/year)
Slide 12: Granite Creek Mine
100% OWNED GRANITE CREEK MINE NEVADA’S NEWEST HIGH-GRADE GOLD MINE
Slide 13: Granite Creek
GRANITE CREEK • i-80’s first underground operation located immediately South of NGM’s Twin Creeks and Turquoise Ridge mining operations UNDERGROUND AND OPEN PIT RESOURCES • NGM interim processing agreement allows i- 80 to advance mine development with an initial priority on the Ogee Zone – positive
Slide 14: Granite Creek: Resource Expansion
GRANITE CREEK 600 m Resource Expansion • The SPZ Zone remains open at depth and along strike to the north • Surface & underground results demonstrate grades consistently in excess of 10 g/t Au over expected mine widths Open • High-grade intercepts in historic hole HPC- 175 (Comus contact) 400 m to t
Slide 15: Granite Creek
GRANITE CREEK Underground Development Section Looking Northwest • Surface drilling of the South Pacific 100 m Zone in 2023 confirming continuity of high-grade mineralization: iGS22-11 26.8 g/t Au – 2.7 m • iGS23-01 - 26.1 g/t Au over 5.7 m 4445 Level iGS22-18 4490 Level 44.4 g/t Au – 6.4 m • iGS23-0
Slide 16: Ruby Hill Mine
100% OWNED RUBY HILL MINE ONE OF NEVADA’S LARGEST DEPOSITS
Slide 17: Ruby Hill: Ultimate Optionality
RUBY HILL Ultimate Optionality • Advancing proposed partnership to accelerate development & reduce capital • The Eureka District ranks as one of the world’s highest-grade CRD districts with Holly-Helen Mines - reported grade: 0.23 oz/t Au, 28.7 oz/t Ag, +37% Pb a 150-year history of production T.L.
Slide 18: Ruby Hill
RUBY HILL iRH22-57 9.0 g/t Au – 51.2 m Multiple New Discoveries iRH23-29 • Ongoing drill program to expand gold 17.8 % Zn, 0.8 % Pb 59.8 g/t Ag, & 0.9 g/t Au - 16.4 m resources in the Ruby Deeps deposit and definition and expansion drilling in the iRH23-41 (Skarn) iRH21-02 Ruby 426 Blackjack, Hillto
Slide 19: Polymetallic Zones
POLYMETALLIC ZONES CRD Mineralization • Drilling has defined multiple zones of CRD mineralization along the Hilltop fault structure over a strike length of ~750 m • High-grade mineralization in the Upper, Lower and East Hilltop Zones Skarn Mineralization • South-most hole drilled at Blackjack: • 19.
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 iRH23-18A of mineralized z
Slide 21: FAD Deposit
FAD DEPOSIT Open for expansion to the SE and NE Deposit Definition • Definition and expansion drill program completed in 2023 – recent results include: • 9.0 g/t Au, 92.4 g/t Ag, 12.2 % Zn & 1.0 % Pb over 14.6 m (PC23-22) • 3.9 g/t Au, 185.6 g/t Ag, 11.1 % Zn & 3.6 % Pb over 25.4 m (PC23-28) Open •
Slide 22: Cove Mine
100% OWNED COVE MINE ADVANCED EXPLORATION
Slide 23: Cove Mine
Mineral Resources2 COVE MINE Tonnage Au Grade Ag Grade Gold Silver Advanced Exploration Program (kt) (g/t) (g/t) (koz) (koz) Indicated 1,007 10.9 29.1 351 943 • One of the highest-grade, development stage, gold deposits in North America Inferred 3,867 10.9 20.6 1,353 2,565 • Large-scale underground
Slide 24: Cove Mine
COVE MINE Phase 1 Program Helen • The initial phase of underground development is completed • Feasibility Study will focus on the Helen Gap PG-01 and Gap Zones – currently being drilled 40.0 g/t Au – 3.0 m • Upside opportunities: Exploration potential • Gap Zone is open down-plunge beneath pit • CSD
Slide 25: 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 26: Summary
SUMMARY GROWTH EXECUTING OUR CAPITAL ALLOCATION STRATEGY Organic growth platform with a goal of Executing a plan to grow reserves & Prioritizing reserve increases and mine becoming Nevada’s 2nd largest gold resources, production, and cash flow development producer with sustainable development opport
Slide 27: 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 | 27
Slide 28: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 291,886,952 Warrants 24,716,409 Options 11,101,241 RSU’s/DSU’s 1,020,543 Fully Diluted 328,725,145 *On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears an
Slide 29: 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 30: 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, 40+ years operational 25 years experience in Chartered Professional Gen