Steppe Gold Ltd. · TSX:STGO
Steppe Gold — Investor Presentation (April 2021)
26 slides from Steppe Gold's investor presentation, April 2021
Slide 1: Mongolia's Premier Precious Metals Company
TSX: STGO OTCQX: STPGF MONGOLIA’S PREMIER PRECIOUS METALS COMPANY CORPORATE PRESENTATION APRIL 2021
Slide 2: Disclaimer
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 DISCLAIMER TECHNICAL INFORMATION Technical information relating to the Altan Tsagaan Ovoo Project (the “ATO Project”) contained in this presentation is derived from, and in some instances is an extra
Slide 3: Our Vision
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 OUR VISION Mongolia’s premier precious metals company. Our mandate: 01 02 03 Delivering superior returns to Focus on low cost Building strong relationships with shareholders from low-cost, production
Slide 4: Company Overview
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 COMPANY OVERVIEW Steppe Gold is Mongolia’s premier precious metals company, has commenced production and is projected to produce 50,000 to 60,000 ounces of gold from its Phase I Heap Leach Operation
Slide 5: Company Board and Management
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 COMPANY BOARD AND MANAGEMENT Matthew Wood Bataa Tumur-Ochir Aneel Waraich Patrick Michaels Jeremy South Executive Chairman Director, President and CEO Director and Executive Director Senior Vice Pres
Slide 6: Steppe People
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 STEPPE PEOPLE Creating Sustainable Employment Opportunities to 142 Number of Steppe employees 250-300 People 123 Number of contract workers Employees from Employees Total number local province of peo
Slide 7: Steppe Social Responsibility
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 STEPPE SOCIAL RESPONSIBILITY Steppe Gold is an integral part of the local community: Steppe Gold and Mongolia are proud to sponsor sambo wrestler, A.Khatansaikhan, Asian gold We have been building st
Slide 8: Steppe's Value Building Model
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 STEPPE’S VALUE BUILDING MODEL Fast-tracked production and exploration upside Cashflow Development Exploration Fully permitted heap leach mine and Commenced feasibility study to produce The Company ow
Slide 9: Company Milestones
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 COMPANY MILESTONES ATO Gold Mine built in 14 months for ~ US$20m CAPEX 2016 August 2017 January 2017 June 2017 September 2018 May 2018 June 2019 December 2020 March 2020 July 2021 February The Compan
Slide 10: Why Mongolia
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 WHY MONGOLIA Home to world class assets, sound mining infrastructure and mining talent. Strong support for mining industry at all levels of government. Focus on safety, wealth generation and sustaina
Slide 11: Company Operations
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 COMPANY OPERATIONS Steppe Gold owns exploration, development and production assets. ALTAN TSAGAAN OVOO (ATO GOLD MINE) 50K - 60k oz oxide heap leach production annually. Resources just updated to 2.4
Slide 12: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 ALTAN TSAGAAN OVOO (ATO) GOLD MINE NI 43-101 compliant 1.22 Moz Au Eq resources (M&I) - 2017 TONNAGE GRADE CONTAINED METAL RECOVERED METAL ATO Mineral Reserves (1)(3)(5)(6)(7)(8)(9)(10)(12) (Mt) Au(g
Slide 13: ATO and Mungu Resource Update February 2021
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - APRIL 2021 ATO AND MUNGU RESOURCE UPDATE FEBRUARY 2021 NI 43-101 compliant 2.45 M oz Au Eq resources (M&I) TONNAGE GRADE CONTAINED METAL ATO Mineral Resources (Mt) Au(g/t) Ag(g/t) Pb(%) Zn(%) Au(koz) Ag(koz) Au
Slide 14: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 ALTAN TSAGAAN OVOO (ATO) GOLD MINE FULLY PERMITTED AND COMMENCING GOLD PRODUCTION STORM POND PREGNANT / BARREN PONDS LEACH PAD / CELL 1 AND 2 ADR BUILDING / PLANT CRUSHER CHEMICAL STORAGE FACILITY PH
Slide 15: ADR Building – ATO Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 ALTAN TSAGAAN OVOO ADR BUILDING (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 50,000 to 60,000 oz of Gold annually PHASE II - ~ 150,000 oz of gold production annually from fresh rock 15
Slide 16: Mining Camp – ATO Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 ALTAN TSAGAAN OVOO MINING CAMP (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 50,000 to 60,000 oz of Gold annually PHASE II - ~ 150,000 oz of gold production annually from fresh rock 16
Slide 17: ADR Plant – ATO Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 ALTAN TSAGAAN OVOO ADR PLANT (ATO) GOLD MINE PHASE I - OXIDE HEAP LEACH PRODUCTION 50,000 to 60,000 oz of Gold annually PHASE II - ~ 150,000 oz of gold production annually from fresh rock 17
Slide 18: Altan Tsagaan Ovoo (ATO) Gold Mine
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 ALTAN TSAGAAN OVOO (ATO) GOLD MINE Leveraging HL cash flow to scale operations 2020 – produced ~ 35,000 oz of production with strong cash margins – of c 50% Operating cashflow before capex in 2021 an
Slide 19: Resource Expansion (2.45M Oz Au Eq to 400M depth)
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 RESOURCE EXPANSION (2.45M Oz Au Eq to 400M depth) Building on a large dataset - high grade intercepts. Over 90,000m drilling and 28,421m trenching completed. Mungu deposit estimate just released. The
Slide 20: Highlighted Results for the 2020 Drilling Program
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 HIGHLIGHTED RESULTS FOR THE 2020 DRILLING PROGRAM Received to date at the Mungu Discovery include MG-139 19.3m at 6.77g/t gold, 28.6g/t silver from 219.2 metres MG-140 22.9m at 4.73g/t gold, 87.10g/t
Slide 21: Uudam Khundii (UK) Project
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 UUDAM KHUNDII (UK) PROJECT ONE OF THE LARGEST EXPLORATION LICENCES IN BAYANKHONGOR GOLD BELT To date, Steppe Gold has completed 18 trenches for 933 meters in 2020 at the Milky Way Prospect and the Al
Slide 22: 2021 Guidance & Phase 2 Expansions
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - APRIL 2021 2021 GUIDANCE & PHASE 2 EXPANSIONS Production: 50,000 oz gold, 150,000 oz silver AISC: $750/oz and CASH COSTS: $550/oz Focus on keeping cash balance at $30-$50m Capex estimates - $100-$125m Budget fo
Slide 23: From Vision to Production
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - APRIL 2021 FROM VISION TO PRODUCTION Strong Execution • Commenced Production in Spring 2020. A $20M acquisition turned into full-scaled mining operations. • March 2021: Trading on OTCQX ‘Best Markets’ – US inve
Slide 24: From Vision to Production
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation - APRIL 2021 FROM VISION TO PRODUCTION 2020 Financial Highlights: Revenue for year ended December 31, 2020 was $52.1M on sales of 31,733 oz Au and 13,710 oz Ag: average realized prices per/oz of $1,842 and $21 re
Slide 25: Recent News
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company Corporate Presentation / April 2021 RECENT NEWS TSX: STGO | OTCQX: STPGF 25
Slide 26: Contact
Steppe Gold Limited - Mongolia’s Premier Precious Metals Company SCorporate Presentation APRIIL 2021 APR CONTACT Matthew Wood Bataa Tumur-Ochir Executive Chairman President and CEO mwood@steppegold.com bataa@steppegold.com Aneel Waraich Jeremy South Director and Executive VP Senior VP and CFO aneel@