Galleon Gold Corp · TSXV:GGO
Galleon Gold — Investor Presentation (January 2023)
23 slides from Galleon Gold's investor presentation, January 2023
Slide 1: West Cache Gold Project: Destined for Development
Disclaimer WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT TSXV: GGO Investor Presentation January 2023 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation (the “Presentation”) contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statem
Slide 3: Why Invest - Why Now
Why Invest - Why Now WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT Timmins Mining Camp – near major producers Strong project economics that support advancing project to permitting / bulk sample stage Management team with track record of building mines in the region Large land position with huge b
Slide 4: Capital Markets Profile
Capital Markets Profile Capital Structure Shares outstanding 61.5M Options outstanding (C$0.50 to C$1.20) 3.4 Warrants outstanding (C$0.24 to C$1.80) 14.4M FD shares outstanding 79.3M Market capitalization (basic @ Jan. 1, 2023) C$11.1M Major Shareholders TSXV: GGO Eric Sprott ∼ 19% HNW Retail ∼ 8%
Slide 5: Premier Location - Porcupine Destor Gold Belt
West Cache Gold Project Premier Location - Porcupine Destor Gold Belt Porcupine Destor Gold Belt Timmins Gold Camp Au Endowment (oz) Gold Producing Districts IROQUOIS FALLS 119,604 – 200,000 Kidd Creek Mine 200,001 – 400,000 Cu-Zn-Ag 400,001 – 600,000 Clavos Mine 600,001 – 750,000 CONNAUGHT 750,001
Slide 6: Land Lease Status Approved
West Cache Gold Project Land Lease Status Approved – requirement for permitting 6
Slide 7: PEA & Updated Mineral Resource Published – February 2022
PEA & Updated Mineral Resource Published – February 2022 Strong Project Economics Project Entrance on Hwy 101, 13 km from Timmins Center 7
Slide 8: 2022 Mineral Resource Estimate – Underground Model
West Cache Gold Project 2022 Mineral Resource Estimate – Underground Model Underground Mineral Resource @ 1.6 g/t Au Cut-Off Classification Tonnes Au Au 1. Mineral Resources that are not Mineral Reserves do not have demonstrated k g/t koz economic viability. 2. The estimate of Mineral Resources may
Slide 9: 2022 PEA Economics – Toll Processing
West Cache Gold Project 2022 PEA Economics – Toll Processing Pre-Tax After Tax Net Present Value NPV5% C$ million $378.3 $240.1 Internal Rate of Return (IRR) % 33.7 % 26.7 % Payback Period years 3.0 3.3 Life of Mine (LOM)1 Years 11 Initial Capital Costs C$ million $150 Sustaining Capital Costs (LOM)
Slide 10: Sensitivity to Gold Price
West Cache Gold Project Sensitivity to Gold Price Sensitivity to Gold Price (pre-tax) Price per ounce of gold NPV5% (million) IRR % US$1,500 C$224.5 23.3 % US$1,600 C$301.4 28.6 % US$1,700 C$378.3 33.7 % US$1,800 C$455.5 38.7 % US$1,900 C$532.6 43.6 % US$2,000 C$609.8 48.4 % Sensitivity to Gold Pric
Slide 11: Mine Development Plan – Plan View
West Cache Gold Project Mine Development Plan – Plan View N Deposit covers an area of 2.1 km x 1.2 km and extends 1.0 km from surface East Zone Extension East Zone North Zone MINE B MINE D West Deep West Zone Legend Mine Development/Ramps MINE A Zone #9 MINE C Mineralized Zones Mining Area BULK SAMP
Slide 12: Mine Development Plan – 3D View Looking East
West Cache Gold Project Mine Development Plan – 3D View Looking East MINE D MINE C MINE B MINE A East Zone Extension West Zone East Zone Zone #9 South Zone BULK SAMPLE AREA 1 km West Deep Block Model Au (g/t) 20 – 26 10 – 20 Legend 5 – 10 Mine Development/Ramps 1-5 Mining Stopes Block model and prel
Slide 13: Zone #9 and West Deep Mineralization
West Cache Gold Project Zone #9 and West Deep Mineralization 3D View East Hole WC 21-173 at 63.3 m to 69.6 m (9.37 g/t) East Zone West Zone Zone #9 BULK SAMPLE AREA Area of little Hole WC 20-82 at 310 to 320 m (9.40 g/t) drilling between Zone #9 and West Deep Zone #9 WC-20-30: 7.16 g/t Au | 9.7 m WC
Slide 14: Bulk Sample Site Plan Layout
West Cache Gold Project Bulk Sample Site Plan Layout (2022 Detailed Engineering) Timmins 13 km 14
Slide 15: In Good Company in the Camp
West Cache Gold Project In Good Company in the Camp West Cache Deposit (Galleon Gold) 3D View East East Zone Zone #9 South Zone 1 km West Deep View East Source: Galleon Gold Corp, Preliminary Mine Design by P&E Mining Consultants Timmins West Mine (Pan American Silver) Timmins Camp Producing Mine Pa
Slide 16: Bulk Sample Plan
Closure Plan Development • Project Definition • Consultations • Industrial Sewage Works Environmental Compliance Approval • Air and Noise Environmental Compliance Approval • Permits to take water (underground and surface) • Hydro grid assessment Baseline studies (ongoing since 2020) Bulk Sample
Slide 17: Bulk Sample Detail Design Underway
West Cache Gold Project Bulk Sample Detail Design Underway - draft Multiple Level Bulk Sample Isometric Looking Northeast Ventilation Raise Ramp to Surface From Surface 145 Level Zone 9 Transverse Longhole Orebody Stopes (Green) 115 Level 85 Level • The bulk sample is accessed via portal & decline •
Slide 18: Milestones & Approximate Timing to Complete Bulk Sample
West Cache Gold Project Milestones & Approximate Timing to Complete Bulk Sample Permitting Plan Mine Decline/Development • Geotechnical drilling • Decline • Closure plan submission • Underground stope development / drilling • Permits Granted • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 19: Immense Exploration Potential
Immense Exploration Potential Exploration Upside • Less than 10 % of the project has been explored • Property covers 10,000 ha • Both North & South limb of the PDFZ • Soil sampling program indicates very prospective area to the South of known mineralization 19
Slide 20: WC-22-215 Results
West Cache Gold Project WC-22-215 Results 20
Slide 21: Experienced Management and Board
Experienced Management and Board Credited with building mines throughout North America R. David Russell CEO & Chairman Decades of executive management and operational experience in the mining industry. Founded Apollo Gold Corporation and developed the Black Fox Project among other large mine operati
Slide 22: Reasons to Invest
Reasons to Invest WEST CACHE GOLD PROJECT DESTINED FOR DEVELOPMENT Premier mining jurisdiction – Timmins Mining Camp PEA supports advancing project to test mining Immense exploration potential Permitting and baseline studies for bulk sample well underway Proven and experienced management w
Slide 23: Contact
Disclaimer WEST CACHE GOLD PROJECT ON TREND IN THE TIMMINS CAMP David Russell, CEO & President info@galleongold.com. 416-644-0066 23