Scorpio Gold Corporation · TSXV:SGLD
Scorpio Gold — Investor Presentation (Fall 2024)
22 slides from Scorpio Gold's investor presentation, 2024
Slide 1: A New Approach to Established Assets with a Rapid Path to Production
GOLD CORPORATION ~, A New Froarseteh to Established Assets with a Rapid Path to Production Unlocking Gold Potential in Nevada TSX.V: SGN OTCQB: SRCRF FSE:RY9 scorpiogold.com Fall 2024
Slide 2: Forward-looking information and cautionary notes
Except for the statements of historical fact, the information contained herein is of a forward looking nature such forward looking information Involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the company to be materia
Slide 3: Fresh capital, new investors, and management with strong technical team
Fresh capital, new investors, and Manhattan project – past drilling defined an management with strong technical team open-pit zone of scale and grade. Minimal and capital markets access. investment away from a resource that has potential to re-rate the company. A clear plan to create new value quick
Slide 4: Management team
Thomas Poitras is a professional geologist with over 13 years' experience throughout the Zayn Kalyan is an experienced investment banker and business development executive. petroleum, mining, and consulting industries. Managing projects with budgets up to $35M, Starting his career as a software engi
Slide 5: Management and technical advisor
Chris Zerga has been with Scorpio Gold since its inception in 2009 and was the General Manager Mr. Townsend has extensive experience in corporate finance spanning over 25 years and 30 for the Company’s Mineral Ridge and Goldwedge projects. He was also President of Scorpio Gold years in Capital Marke
Slide 6: Capital structure and analyst coverage
Basic Outstanding 50,459,167 February 2024 Financing $0.15 $6,000,000 40,000,000 Recent Debt Settlement $0.24 18,950,411 Total $6,000,000 109,409,578 Altus Gold Private Financing Warrants $0.25 $3,000,000 12,000,000 RTO Concurrent Financing Warrants $0.20 $8,000,000 40,000,000 Total Fully Diluted $1
Slide 7: Company history and milestones
2010-2018 2019 2021 2023 Scorpio operates Mineral Ridge heap leach Scorpio completes 100% acquisition of Mineral Scorpio acquires 100% interest in 4,300 acre Scorpio enters into LOI with Altus Gold mine, produces 292,798 Au oz at 1.5 g/t Au Ridge Mine, with successful buyout of senior Manhattan Mine
Slide 8: Project strategy and Nevada gold districts
A high-grade open-pit gold zone that Mineral Ridge: Permitted mine, significant has already been drilled, indicating infrastructure and past production with that a significant resource is established resource and good gold grades but forthcoming, which holds re-rate challenging metallurgy. potential
Slide 9: Ultimate target of greater than 2M oz Au open pit deposit
Manhatthan has had over 100,000 meters of drilling historically, across 1,100 drill holes, by Echo Bay Mines and Kinross. Scorpio believes the Echo Bay West Pit and Goldwedge have the potential to be a single body of mineralization and drilling between these deposits returned significant high-grade
Slide 10: Manhattan District: Goldwedge, Reliance and Manhattan Mines
Mining in the Manhattan District dates to the 19th century. Goldwedge Mine Reliance Mine Combined placer and underground production is estimated at 640K oz gold. The Reliance Mine produced ~59K tons grading Manhattan Mine 12.3 g/t gold from 1932-1941. East & West Pits The Manhattan Mine East & West
Slide 11: Manhattan property location near Round Mountain
Round Mountain +15 million oz. gold Situated on the southern periphery of the Manhattan Caldera, approximately 16 km south of the +15 M oz Round Mountain Mine. 6,071-acre property encompasses the Goldwedge Mine, the recently acquired Kinross Manhattan properties with TWO past producing gold mines, a
Slide 12: Drill intercepts at Manhattan
GWUG21-015 50.20 5.60 including 260.90 0.90 GWUG20-001 12.47 7.60 Including 53.49 1.52 GWUG20-001A 9.02 7.40 GWUG20-001A 13.06 1.60 MWRC22-003 27.16 16.80 Including 145.74 3.10 MWRC22-011 26.62 1.50 MWRC22-018 4.90 22.90 Including 38.76 1.50 MWRC22-014 3.53 7.60 Including 14.58 1.50 MWRC22-021 3.98
Slide 13: Manhattan Mineralization: Long Section
SCORPIO. Manhattan Mineralization ae Bridging The Gap Manhattan Long Section B-B’ Au_gpt Au Grade Shells Looking Northeast, Grid Spacing = 750 ft, Section Thickness = 500 ft +7500 East Pit ‘Bt Gold Wedge UG SS Phonge Azimuth 064 TSX.V: SGN OTCQB: SRCRF FSE: RYO scorpiogold.com
Slide 14: Manhattan Mineralization: Plan View and Cross Section
Manhattan Mineralization Bridging The Gap SCORPIO. SOLD CORPORATION Ta" Manhattan Au Grade Shells Plan View, Grid Spacing = 2,000 ft *8840"'Au_gpt | West Pit Cross Section A-A’ Au Grade Shells Looking Northwest, Grid Spacing = 300 ft, Section Thickness = 100m Gold Wedge UG [+378000 E TSX.\V: SGN OTC
Slide 15: Financing, drill program and upcoming milestones
Financing: Scorpio Closes $6M Drill/Exploration Program: Begin Receive exploration program results. Announce Maiden Resource at Private Placement and exploration program at Manhattan. Manhattan. Amalgamation with Altus Gold, Begin Metallurgical Study on consolidating Mineral Ridge Beginning prelimin
Slide 16: Mineral Ridge: past production and exploration potential
Considerable mining infrastructure, High-grade mineralization across North Considerable exploration potential on both Scorpio holds valuable water rights 1m+ oz Au with full permitting and licenses Star and North Spring with multiple Mineral Ridge, North Star, and North Spring in the region. One of
Slide 17: Mineral Ridge feasibility study
Gold Price $1,200 US Construction Period 1 Year(s) Operating Period 7.5 Year(s) Leach Pad Material Milled 6,855 Kilotons Average Lech Pad Gold Grade 0.53 g/pt ROM Material Milled 3,712 Kilotons ROM Material Gold Rate 1.31 g/pt • Positive feasibility study to recover 250,500 oz Au over 7.5 years util
Slide 18: Mineral Ridge exploration plan
Conduct geologic mapping of the entire 17km2 of Mineral Ridge. Focus on North Star with potential for varied geology, alongside drilling inside current mine gates. Based upon results of exploration look at various production scenarios.
Slide 19: TSX.V: SGN FSE: RYO scorpiogold.com
TSX.V: SGN OTCQB: SRCRF FSE: RYO scorpiogold.com
Slide 20: Mineral Ridge Infrastructure
SCORPIO. Mineral Ridge Infrastructure TSX.V: SGN OTCQB: SRCRF FSE: RYO scorpiogold.com
Slide 21: Fresh capital, new investors, and management with strong technical team
Fresh capital, new investors, and Manhattan project – past drilling defined an management with strong technical team open-pit zone of scale and grade. Minimal and capital markets access. investment away from a resource that has potential to re-rate the company. A clear plan to create new value quick
Slide 22: Zayn Kalyan, CEO
Zayn Kalyan, CEO zayn@scorpiogold.com