Slide 1: Corporate Update and Plans for 2023-2024
Corporate Update and Plans for 2023-2024 June 2023 NYSE-A: CTGO Building Alaska’s Next Gold Mines Exhibit 99.1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The Feasibility Study (“FS”) referenced herein that relates to Peak Gold, LLC (“Peak Gold”), was prepared by Kinross Gold Corporation (“Kinross”), which controls the Manager of Peak Gold and holds 70% of its outstanding membership interests, in accordance with Canadian Nati
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS 3 Tier 1 mining jurisdiction – Alaska Manh Choh - One of the World’s highest grade open pit mines (8g/t) Project de-risked Agreement in place with Tetlin Alaska Native Tribe All State and Federal Permits Received - Fully permitted Turn-key operation, major contracts in place Pr
Slide 4: Developing Alaska's Next Gold Mines
Developing Alaska’s Next Gold Mines Manh Choh – Construction Underway Partnership with Kinross (70%) and the Alaska Native Tetlin Tribe (Royalty) 100% Owned Lucky Shot Mine – Initial Resource Exploring historic high-grade gold mine Reserves/Resources Exploration Stage
Slide 5: Developing Alaska's Next Gold Mines – Development Stage
Developing Alaska’s Next Gold Mines Manh Choh – Development Stage Construction underway Partnership with Kinross (70%) and Contango (30%) Using Fort Knox milling facilities (owned by Kinross) Partnership with the Alaska Native Tetlin Tribe (Royalty) Lucky Shot Mine – Brownfields Exploration Explorin
Slide 6: Corporate Overview
CORPORATE OVERVIEW Traded on the NYSE American: CTGO Russel 3000 Inclusion – June 26, 2023 7.6 Million Shares Outstanding 8.0 Million Shares Fully Diluted 100,000 Options; Warrants – 88,000 @ $25 and 313,000 @ $30 $20 million Convertible Debt (8% Coupon) Convertible @ $30.50 ~ $US 9.5 Million Cash a
Slide 7: Manh Choh Gold Project
Feasibility in 2022 Construction in 2023 Production in 2024 Explore 2800 sq.km area Simple Development Plan - mine Manh Choh Gold ore and then truck and process the ore at Kinross’ Fort Knox Milling Complex Reduces execution risk to produce Gold and Silver over 4.5 year mine-life starting 20
Slide 8: Manh Choh Update Summer Construction Underway
8 Manh Choh Update Summer Construction Underway
Slide 9: Kiewit selected as mining contractor
9 Kiewit selected as mining contractor Founded it 1884, Kiewit is one of the largest engineering, construction and mining companies in North America
Slide 10: Manh Choh Update Underway
10 Manh Choh Update UNDERWAY Triple 7 CAT Trucks, Blast Hole Drill Rig and 6030 CAT Shovel on Their Way
Slide 11: Black Gold Transport Contracted for Ore Haul
11 Black Gold Transport Contracted for Ore Haul Alaska Business 35 Years
Slide 12: Mill Modifications at Fort Knox
12 Mill Modifications at Fort Knox
Slide 13: Mill Modifications at Fort Knox – Ore Stockpile Area
13 Mill Modifications at Fort Knox Manh Choh Ore Stockpile Area
Slide 14: Mill Modifications at Fort Knox
14 Mill Modifications at Fort Knox
Slide 15: Manh Choh Gold Project: Anticipated Economics
MANH CHOH GOLD PROJECT: Anticipated Economics Using existing infrastructure at Fort Knox, Peak Gold LLC is planning on a 2024 start date Production estimate of 914,000 GEO over a 4.5-years equating to roughly 225,000 GEO per annum (30% to Contango Ore = +300,000 GEO or 67,500 GEO/Yr)1 Average proces
Slide 16: Lower Risk & Reduced Timeline to Production Decision
16 LOWER RISK & REDUCED TIMELINE TO PRODUCTION DECISION DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PRODUCTION DETAILED DESIGN PROCURMENT CONSTRUCTION $19 million Program in 2021: Resource In-fill, Hydrology, Geotechnical, Metallurgical Engineering; Environment and Community Outreach With ~$2 mi
Slide 17: Tintina Gold Province reference
17 1 Hart, C.J.R., 2005. Mid-Cretaceous Magmatic Evolution and Intrusion-related Metallogeny of the Tintina Gold Province, Yukon and Alaska. Unpublished PhD thesis, University of Western Australia, 198 p. 1
Slide 18: Lucky Shot Adits and Vein
18 Coleman Adit Lucky Shot “500” Adit War Baby Adit Looking NNE Enserch Tunnel Lucky Shot Vein 15.6g/t = ½ Oz/ton1 +1 mile (1.6 km) strike length and open along strike and down dip
Slide 19: Coleman block and Lucky Shot block
4 Coleman block Bey Lucky Shot block wae)
Slide 20: Lucky Shot Update - Safety First Approach
Fully Permitted Active Mine Site Lucky Shot Update - Safety First Approach Zero LTIs 20
Slide 21: Lucky Shot Mineral Resource Estimate
Classification Tonnes Au Grade (g/t) Au Ounces Measured - - - Indicated 190,092 15.6 95,036 TOTAL 190,092 15.6 95,036 Inferred 74,265 9.9 23,642 Classification Tonnes Au Grade Au Ounces (g/t) Measured - - - Indicated 36,871 8.9 10,584 TOTAL 36,871 8.9 10,584 Inferred 7,793 5.9 1,468 Oblique View of
Slide 22: Lucky Shot Capping Strategy
22 Lucky Shot Capping Strategy – 10 to 30% Upside Disintegration Analysis Used
Slide 23: Lucky Shot Vein Zone
Lucky Shot Vein Zone Longitudinal View ~ Looking South 77 Bisting Dri Troces LZ Mojor Structures 7 High Grade Au Zones H GP Historie Mine Workings | T “ * =
Slide 24: Oblique View of Lucky Shot Segment
Oblique View of Lucky Shot Segment – Looking NE
Slide 25: Lucky Shot Drill Intercepts
2.12m @ 1.68 g/t Au LSU22023 OPEN LSU22022 LSU22021 LSU22020 LSU22019 LSU22018 1m @ 6.8 g/t Au Incl. 0.5m @ 12 g/t Au 3.31m @ 3.92 g/t Au Incl. 0.5m @ 9.99 g/t Au 1.52m @ 1.59 g/t Au 3.64m @ 4.5 g/t Au Incl. 0.53m @ 26.3 g/t Au 0.58m @ 7.7 g/t Au 1.99m @ 9.53 g/t Au Incl. 0.71m @ 21.5 g/t Au 1.62m @
Slide 26: Planned In-Fill Drill Program
Planned In-Fill Drill Program for 15-20 Meter spacing Looking Southwest
Slide 27: Lucky Shot – At the Face with Lucky Shot Vein
27 Lucky Shot – At the Face with Lucky Shot Vein Alaska’s Next Next Gold Mine
Slide 28: , = SONTANGO 02:
, = SONTANGO 02:
Slide 29: Contango to Russell 3000 Index
29 The Russell 3000 Index is a capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S. stock market. It measures the performance of the 3,000 largest publicly held companies incorporated in America as measured by total market capitalization, and represents approxim
Slide 30: Manh Choh Gold Project and Surrounding Targets
30 MANH CHOH GOLD PROJECT AND SURROUNDING TARGETS Main MC North MC $3 Million Exploration Program Budgeted for 2023 Continued exploration for New Resources in Chief Danny Area Further evaluation of 685,000 acre Manh Choh property Additional regional stream sediment sampling Geologic mapping Geophysi
Slide 31: Asset Summary
ASSET SUMMARY 31 Peak Gold Project ~(688,000 Acres) State Claims (~70,000 Acres) Peak Gold JV 70% 30% 100% The Manh Choh project consists of a ~688,000 acres land package including ~13,000 acres of State Mining Claims Roughly the size of Rhode Island Contango is also the 100% owner of the Alaska s
Slide 32: Corporate Inquiries
Corporate Inquires:info@contangoore.com+1-778-386-6227www.contangoore.com NYSE American: CTGO Twitter: @orecontangoLinkedIn: Contango OREInstagram: ContangoOREFacebook: Contango ORE
Slide 33: Non-GAAP Measures Notice
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA, which are a financial measure not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimated AISC, resour