I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (April 2023)
37 slides from I-80 Gold's investor presentation, April 2023
Slide 1: Made in the U.S.A.
APRIL 2023 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, completion of refurbishment and developm
Slide 3: Superior Performance
SUPERIOR Executing Our Plan PERFORMANCE U.S. Focused Growth Company PEER-BEST SHARE PERFORMANCE • Nevada is consistently ranked as one of the world’s most favourable 01 2021 – Up 29 %3 2022 – Up 22 % jurisdictions for mining • Permitted - constructed infrastructure allowing the Company to pursue an
Slide 4: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS EWAN DOWNIE MATT GILI MATT GOLLAT RYAN SNOW TODD ESPLIN ANDY COLE Chief Executive Officer & President & COO Chief Financial Officer Technical Director Senior Mining & Director Executive Vice-President Processing Advisor 25+ years explora
Slide 5: Central Nevada
CENTRAL NEVADA World’s Most Productive Gold District • Five strategic projects within the world’s most productive gold “district” • Paycore acquisition is expected to increase i-80’s position as the largest holder of gold resources in the Central Nevada district next to Nevada Gold Mines • Solidifie
Slide 6: 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 7: Fundamentals
FUNDAMENTALS Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) Nevada’s Premier Growth Company • Second only to Nevada Gold Mines for M&I (Moz Au) Inferred (Moz Au) gold resources contained within the Carlin/Battle Mountain Trends 15.2 • Targeting ~20% AuEq resource expansion in 2
Slide 8: Fundamentals
Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) FUNDAMENTALS SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) Superior Gold Grades 2.00 1.77 1.52 1.80 1.60 1.38 1.39 1.42 • i-80 Open-pit grades rank among the 1.40 1.20 1.01 1.02 1.11 highest-grade in the US, especia
Slide 9: U.S. Producer
Mineral Resources – Underground U.S. PRODUCER GRANITE CREEK Category Tonnage Au Grade Gold MINE (kt) (g/t) (Koz) Two Processing facilities Measured & Indicated 1,008 10.40 337 • Three deposits being developed with Inferred 741 13.41 319 processing at the Lone Tree facility that • Underground develop
Slide 10: 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 CORE PROCESSING FACILITY • Office Complex • Site flotation circuit (1.8Mt/year)
Slide 11: Lone Tree Mine
LONE TREE MINE • Completed initial capital estimate for the retrofit of the Lone Tree autoclave to suit i-80 mineralization (Hatch): Direct Cost Total Cost Earthworks, Concrete, Structural, Architectural $20,820,545 Mechanical $70,012,285 Piping $18,955,197 Instrumentation $10,575,030 Electrical $12
Slide 12: Ruby Hill Mine
100% OWNED RUBY HILL MINE ONE OF NEVADA’S LARGEST DEPOSITS
Slide 13: Ruby Hill Gold & Base Metals
RUBY HILL GOLD & BASE METALS Ultimate Optionality • Refractory Gold Underground (Ruby Deeps) • Oxide Gold Underground (426 Zone) • Oxide Gold Open Pit (Mineral Point) • Poly-Metallic CRD (Hilltop) Mineral Point • Skarn Base Metal (Blackjack) - Poly-Metallic Deposit Blackjack • Operating Heap Leach F
Slide 14: Ruby Hill Extensive System
Extensive System RUBY DEEPS RUBY HILL Holly-Helen Mines Reported grade: Blackjack 0.23 oz/t Au, 28.7 oz/t Ag, Hilltop Ultimate Opportunity +37% Pb BR 1428 BLACKJACK TL • Historically one of the world’s highest- T.L. Mine - Reported grade: 0.43 oz/t Au, 11.5 oz/t Ag, grade CRD districts 17% Pb, 3% Zn
Slide 15: Hilltop Zones
HILLTOP ZONES • Historically the Eureka District ranks as iRH23-09 one of the world’s highest-grade CRD Sphalerite Breccia & Massive Sulphide Zones districts (assays pending) • Polymetallic base metal mineralization discovered by i-80 in 2022 associated with a major NW striking fault structure (Hill
Slide 16: Hilltop Zones
HILLTOP ZONES Upper Hilltop Zone: • Discovery of near-surface oxide & semi- massive to massive sulphide mineralization: • 515.3 g/t Ag, 28.9 % Pb, 10.5 % Zn & 0.9 g/t Au over 28.3 m • 60.2 g/t Au, 908.7 g/t Ag, 15.7 % Pb & 1.1 % Zn over 10.0 m • 1.9 g/t Au, 631.1 g/t Ag, 33.0 % Pb & 7.4 % Zn over 18
Slide 17: Ruby Hill
RUBY HILL Ruby Deeps/426 Zone • 2022 drill program focused on defining and expanding mineralization in the Ruby Deeps and 426 Zones • The 426 Zone represents the upper portion of the Ruby Deeps deposit and the first to be accessed from underground – open to the southwest and at depth • Ruby Deeps re
Slide 18: Ruby Hill
RUBY HILL Ruby Deeps/426 Zone • Impressive grades & widths - open for expansion to the north, south and east • Lower grade oxide mineralization in the upper parts of the 426 Zone could be mined and processed on the leach pad at Ruby Hill • Sulphide mineralization trucked to Lone Tree for processing
Slide 19: Ruby Hill Zone
RUBY HILL 428 Zone • 2022 drill program tested for high- grade mineralization in the 428 target, following up on historic hole HPC-1428 that intersected 15.0 g/t Au over 5.5 m • First hole drilled by i-80 to test this target (iRH22-65) returned 12.3 g/t Au over 10.7 m • Additional drilling may be co
Slide 20: Development Plan
DEVELOPMENT PLAN Multiple Deposits – Shared Infrastructure • Designing infrastructure to access both Hilltop (Upper) Historic Ruby Hill gold (Ruby Deeps & 426) and Reported grade: polymetallic base metal deposits Upper Hilltop 0.89 oz/t Au, 21.1 oz/t Ag, +15% Pb (Blackjack & Hilltop) UNTESTED 426 •
Slide 21: Granite Creek Mine
100% OWNED GRANITE CREEK MINE NEVADA’S NEWEST HIGH-GRADE GOLD MINE
Slide 22: Granite Creek
GRANITE CREEK • Located at the Intersection of the Getchell and Battle Mountain Trends immediately South of NGM’s Twin Creeks and Turquoise SIGNIFICANT UNDERGROUND AND OPEN PIT Ridge mining operations RESOURCES • NGM interim processing agreement allows i- 80 to advance mine development with an Miner
Slide 23: Granite Creek
GRANITE CREEK South Pacific Zone • The SPZ Zone remains open at depth and along strike to the north • Grades consistently in excess of 10 g/t Au over expected mine widths • High-grade intercepts in historic hole HPC- 175 a further 400 m to the north suggest the potential to extend the strike-length
Slide 24: Cove Mine
100% OWNED COVE MINE ADVANCED EXPLORATION
Slide 25: McCoy Cove
Mineral Resources2 MCCOY COVE Tonnage Au Grade Ag Grade Gold Silver Advanced Exploration Program (kt) (g/t) (g/t) (koz) (koz) • Current program includes driving a Indicated 1,007 10.9 29.1 351 943 decline and completing underground Inferred 3,867 10.9 20.6 1,353 2,565 drilling (~40,000 m program) in
Slide 26: 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 27: Summary
SUMMARY GROWTH EXECUTING OUR CAPITAL ALLOCATION STRATEGY Organic growth platform with a goal of Executing a plan to grow reserves & Prioritize reserve increases and mine becoming Nevada’s 2nd largest gold resources, production, and cash flow development with minimal share dilution producer with sust
Slide 28: 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 EVP Corporate & Business Development i-80 GOLD CORP | 28
Slide 29: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 240,561,017 Warrants 17,561,152 Options 7,878,746 RSU’s/DSU’s 640,733 Fully Diluted 266,641,648 *On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears an in
Slide 30: 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 31: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS RON CLAYTON EVA BELLISSIMO JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV Chairman Director Director Director Director Director 40+ years exploration, 20+ years legal, 35+ years operational & 22+ years experience in Chartered Professional General Counsel and developm
Slide 32: Acquisition of Paycore Minerals Inc.
FEBRUARY 27, 2023 ACQUISITION OF PAYCORE MINERALS INC. EXPANDS THE RUBY HILL PROPERTY BY 1,468 HA
Slide 33: Central Nevada
CENTRAL NEVADA World’s Most Productive Gold District • The acquisition of Paycore and the FAD Property will expand i-80’s core land holdings within the world’s most productive gold “district” • Will increase i-80’s position as the largest holder of gold resources in the Central Nevada district next
Slide 34: Ruby Hill Extensive System
Extensive System RUBY HILL History of the Eureka District – Ruby Hill Property Blackjack Eureka District - World Class Opportunity • 1864 – Discovery of CRD mineralization Hilltop TL • +150 year mining history • 1869 – Smelting technology developed to process oxide ores • Early mining (1864-1966) wa
Slide 35: Paycore Minerals
Extensive System PAYCORE MINERALS Blackjack Hilltop Deal Terms TL Exchange Ratio: 0.68 Implied Premium: 36% (20 Day VWAP) 26% (Feb 24, 2023 close) Hilltop Fault Expected Closing: ~May 9, 2023 Ruby Hill Benefits to i-80: • Provides i-80 with an additional high- grade deposit: 10km • Historical Resour
Slide 36: FAD Deposit
FAD DEPOSIT World-Class Results FAD Deposit – Upside Opportunity Core Estimated From To Au Grade Ag Grade Pb Zn Cu • Expected to materially increase Hole ID (m) (m) Length (m) True Width (%) (g/t) (g/t) (%) (%) (%) property-wide mineral resources GH21-01 737.0 740.5 3.5 90 - 100 10.4 153.8 1.8% 8.4%
Slide 37: Eureka Opportunity
EUREKA OPPORTUNITY FAD Shaft Hilltop District Consolidation (Upper) Historic Ruby Hill Reported grade: 0.89 oz/t Au, 21.1 oz/t Ag, +15% Pb • Consolidated property will provide i-80 4H Target with 100% ownership of ~3.5 km, 426 UNTESTED largely untested & highly-prospective, structural trend FAD • Mu