I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (August 2024)
29 slides from I-80 Gold's investor presentation, August 2024
Slide 1: Made in the U.S.A.
MADE IN THE U.S.A. NYSE:IAUX | TSX:IAU August 2024
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CautionaryStatementRegarding Forward-Looking Information DISCLAIMER 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: com
Slide 3: Our Vision: The Opportunity
OUR VISION I-80 GOLD Convert exploration success into operational excellence THE OPPORTUNITY • All-Nevada – one of the world’s premier mining jurisdictions • One of the largest holders of gold and silver resources in the United States: • 14.6 M oz Au (6.5 M oz M+I – 8.1 M oz Inf) • +180 M oz Ag (104
Slide 4: Lone Tree, Ruby Hill, Cove, Granite Creek
Fully permitted processing site Central processing facility in Company’s long-term growth strategy (Autoclave, Floatation/CIL, Heap Leach) LONE TREE Current resource: 3.17 M oz Au (0.41 M Ind. – 2.76 Inf.) Buffalo Mountain Project (oxide) nearby Fully permitted Planned processing facilit
Slide 5: Fundamentals: Large High-Grade Resource Base
FUNDAMENTALS Large High-Grade Resource Base Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) • Targeting a significant increase in AuEq resources: • Underground and surface drilling in the SPZ at Granite Creek • Significant expansion potential at the Ruby Deeps and 428 Zones • Wo
Slide 6: Fundamentals: Superior Grades
FUNDAMENTALS SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) Superior Grades 2 .0 0 1 .8 0 1.53 1.56 1.77 1.39 1.42 1.42 • i-80 open-pit grades rank among the 1 .6 0 1.11 1 .4 0 1.02 0.93 highest-grade in the US, especially 1 .2 0 0.84 0.87 0.74 1 .0 0 0.61 0.63 0.50 0.50 0.52 0.53 0.5
Slide 7: 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 8: Lone Tree Mine
• One of three companies in Nevada with refractory ore processing facility • Future Upside Opportunities: 100% OWNED • Powerline Fault Underground LONE TREE MINE • Sequoia Fault Discovery GRANITE CREEK MINE • Buffalo Mountain Near-Pit Mineral Resources Tonnage Au Grade Gold OUR COMPETITIVE ADVANTAGE
Slide 9: Granite Creek
GRANITE CREEK (Au) UNDERGROUND AND OPEN PIT RESOURCES Location: Mineral Resources – Underground • Immediately South of NGM’s Turquoise Category Tonnage Au Grade Gold Ridge Mine (+25 M oz Au) (kt) (g/t) (Koz) • ~55km to Lone Tree autoclave Measured & Indicated 1,008 10.40 337 Status: Inferred 741 13.
Slide 10: 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 • Historic drilling suggests the potential to extend mineralization >1 km no
Slide 11: Granite Creek Feasibility Study Progress
GRANITE CREEK Feasibility Study Progress • Completed successful test mining of the Ogee and Otto Zones • First ore development into South Pacific Zone achieved in June 2024 • 2024-25 drilling campaign to expand and upgrade resources in the SPZ planned to occur primarily from an underground platform
Slide 12: Granite Creek South Pacific Zone
SP 4185 ORIGINAL DESIGN VS FINAL DESIGN GRANITE CREEK South Pacific Zone • Completed successful test mining of the uppermost level of the South Pacific Zone • Grade reconciled per Company model • More Tons realized from mining than modelled Tonnage Au Grade Gold (Tons) (opt) (oz) Expected 2113 0.256
Slide 13: Granite Creek SP 4185 Level Reconciliation
SP 4185 LEVEL RECONCILIATION GRANITE CREEK South Pacific Zone • First production level of the South Pacific Zone has been mined. Tonnage Au Grade Gold • Grade has matched expectations, with (Tons) (opt) (oz) significantly higher tonnages. Actual Mined 5,852 0.254 1,486 • The 4185 Level is the very t
Slide 14: Granite Creek South Pacific Zone
GRANITE CREEK South Pacific Zone • Material mined to date is from the highest elevations of the South Pacific zone. • The vast majority of the tonnage is oxide at this elevation. • Drilling has confirmed that the mineralization transitions to refractory as continue down on the deposit. 1. See Discla
Slide 15: Cove Mine
COVE MINE (Au, Ag, Zn, Pb) Location: • Immediately South of NGM’s Phoenix Cu- Au Mine • ~ 85 km to Lone Tree autoclave UNDERGROUND RESOURCES Mineral Resources2 Status: • Underground definition drilling program to Tonnage Au Grade Gold increase M+I resources - FS (kt) (g/t) (koz) • Complete hydrologi
Slide 16: Cove Mine Advanced Exploration Program
COVE MINE Advanced Exploration Program • One of the highest-grade, development stage, gold deposits in North America • Open for expansion down-plunge • Large-scale property with excellent exploration upside PG-01 • Several new discoveries have yet to be 40.0 g/t – 3.0m followed-up including polymeta
Slide 17: Ruby Hill
RUBY HILL (Au, Ag, Zn, Pb, Cu) UNDERGROUND AND OPEN PIT RESOURCES Location: Mineral Resources – Underground • Dominant land position in the Eureka Category Tonnage Au Grade Gold Mining District • ~250 km to Lone Tree (kt) (g/t) (Koz) Status: M&I 1,200 5.22 202 • Permitting for underground developmen
Slide 18: Ruby Hill Multiple Deposits – Shared Infrastructure
RUBY HILL Multiple Deposits – Shared Infrastructure • Designing infrastructure to access both gold (Ruby Deeps & 426) and polymetallic base Upper Hilltop metal deposits (Blackjack & Hilltop) • Underground platforms will provide improved locations to target expansion of mineralized zones & reduce cos
Slide 19: Ruby Hill Development Plan
Preliminary Mine Design – Ruby Deeps Deposit RUBY HILL OPEN Development Plan • Advancing permitting for underground development and initial mine planning for updated technical studies • Mine plan optimization in 2024 • 426, and Ruby Deeps Metallurgical plan in progress (FLS) • Head analysis, mineral
Slide 20: Polymetallic Zones
POLYMETALLIC ZONES CRD Mineralization (Hilltop Discovery) • 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
Slide 21: FAD Project
FAD PROJECT (Au, Ag, Zn, Pb) Open for expansion to the SE and NE High-Grade Polymetallic Deposit • 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 - 14.6 m (PC23-22) • 3.9 g/t Au, 185.6 g/t Ag, 11.1% Zn & 3.6% Pb - 25.4
Slide 22: Going Forward
GOING FORWARD Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) Achieving Success • Converting resources to reserves M&I (Moz Au) Inferred (Moz Au) • Delivering technical studies to enhance our financing options to deliver long- 15.2 term production growth plan • Message and execu
Slide 23: 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 24: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 384,935,525 Warrants 48,185,249 Options 10,940,295 RSU’s/DSU’s 3,429,491 Fully Diluted 447,490,560 • On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears a
Slide 25: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS EWAN DOWNIE MATT GILI MATT GOLLAT RYAN SNOW TODD ESPLIN ANDY COLE JON LAIRD Chief Executive President & COO Executive Vice- Chief Financial Officer Technical Director Senior Mining & Cove & Granite Creek Officer & Director President Proc
Slide 26: 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 27: Drill Hole Press Release Links: Granite Creek
DRILL HOLE PRESS Granite Creek https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-underground-drilling-at-granite-creek/ RELEASE LINKS: https://www.i80gold.com/i-80-gold-intersects-high-grade-gold-in-expansion-drilling-at-granite-creek/ https://www.i80gold.com/i-80-gold-reports-final-re
Slide 28: Drill Hole Press Release Links: Ruby Hill
DRILL HOLE PRESS Ruby Hill RELEASE LINKS: https://www.i80gold.com/i-80-gold-drilling-intersects-7-1-g-t-au-over-78-6-m-including-10-1-g-t-au-over-41-8-m-at-ruby-hill/ https://www.i80gold.com/i-80-gold-intersects-19-8-g-t-au-over-33-2-m-in-southmost-step-out-hole-at-ruby-hill/ Press Release links to
Slide 29: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS EVA BELLISSIMO CHRISTINA CASSANDRA RON CLAYTON JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV MCCARTHY JOSEPH Chairman Director Director Director Director Director Director Director 4 0 + year s 2 0 + year s leg al, 4 0 + year s o p er atio n al 2 5 year s ex p er ie