Pelangio Exploration Inc. · TSXV:PX
Pelangio Exploration — Investor Presentation (May 2024)
31 slides from Pelangio Exploration's investor presentation, May 23, 2024
Slide 1: Exploration in World Class Districts: Ghana & Canada
EXPLORATION IN WORLD CLASS DISTRICTS: GHANA & CANADA TSXV: PX March 2024
Slide 2: Disclaimer
DISCLAIMER CAUTIONARY NOTE REGARDING MINERAL RESOURCE ESTIMATES Investors should not assume that any of the indicated or inferred resource disclosed herein will ever be The words “plans”, “expects”, “is expected”, “budget”, “projects”, “scheduled”, “estimates” “forecasts”, upgraded to a higher categ
Slide 3: A Strategy for Gold Exploration Success
A STRATEGY FOR GOLD EXPLORATION SUCCESS MONETIZING THE ASSET IN A CYCLICAL GOLD MARKET Success In 2007, Pelangio re-envisioned Detour as an open-pit Success asset spun out to Detour Gold for 50% equity interest VALUE INCREASE FROM $3.50 @ IPO TO $38.00 IN 2011 Manfo – eight discoveries and developed
Slide 4: Location, Location, Location: Strategic Land Packages
‘LOCATION, LOCATION, LOCATION’ STRATEGIC LAND PACKAGES GHANA, West Africa CANADA – Exploration Projects Manfo: • Birch Lake - Gold Maiden gold mineral resource (195,000 oz • Seeley Lake - Gold, Copper, Zinc Indicated & 298,000 oz Inferred)*, Located 15 km from Newmont’s 15 M oz Ahafo Mine • Mann - N
Slide 5: Pelangio's Management and Market Stats
PELANGIO’S MANAGEMENT AND MARKET STATS Trading Directors Management PX:TSX-V & PGXPF:OTCPINK Experience and Track Record - Diversified Talent for Success Warrants Ingrid Hibbard, President & CEO Kevin Thomson, Senior VP Exploration 35Cap. $3.9 Market Options M 7.7 JC St-Amour, Chairman Sam Torkornoo
Slide 6: Ghanaian Projects
GHANAIAN PROJECTS ~ WORLD CLASS OPPORTUNITIES ~ • Obuasi 284 km2 on the Ashanti Belt • Dankran 35 km2 on the Ashanti Belt • Manfo 96 km2 on the Sefwi Belt 6
Slide 7: Ghanaian Projects – 415 km²
GHANAIAN PROJECTS – 415 KM² ON THE ASHANTI & SEFWI- BIBIANI BELTS Manfo Obuasi & Dankran The 96 km² Manfo Resource Project is in The 319 km² Obuasi and Dankran the Sefwi-Bibiani Belts, where: Exploration Projects are in the Ashanti Belt • Newmont: 574 Koz / year from Ahafo adjacent to AngloGold Asha
Slide 8: Well-Located Manfo, Obuasi and Dankran
WELL- LOCATED MANFO, OBUASI AND DANKAN PX:TSX-V PX:TSX-V 8
Slide 9: Ashanti Belt – Obuasi and Dankran Projects
ASHANTI BELT – OBUASI AND DANKRAN PROJECTS Obuasi & Dankran Projects – 319 km² • Contiguous properties, 100% held by Pelangio, 30 km of strike of the highly gold-endowed Ashanti Belt, adjacent to and on strike with the 25 Moz Obuasi Mine operated by Anglogold-Ashanti • Obuasi work to date discovered
Slide 10: Ashanti Belt – Obuasi & Dankran Projects
ASHANTI BELT – OBUASI & DANKRAN PROJECTS ADJACENT TO AND ON GEOLOGICAL STRIKE WITH THE 60 MOZ OBUASI MINE Obuasi Project Dankran Project 2021 RC Drilling Area of RC drill testing PX:TSX-V PX:TSX-V 10
Slide 11: Obuasi Project - 3D Animation
OBUASI PROJECT - 3D ANIMATION Note to viewers: If you are viewing in a pdf document, please click on this link or visit our website on the Obuasi project page to view the animation: Obuasi 3D Animation PX:TSX-V PX:TSX-V 11
Slide 12: Obuasi Geochemical Targets and Significant Drilling Results
OBUASI GEOCHEMICAL TARGETS AND SIGNIFICANT DRILLING RESULTS Obuasi Exploration Plans Data reanalysis, targeting and exploration work planning in progress to develop a series of ranked drill targets to explore for an Obuasi-scale mineralized shoot Exploration focus on Au +/- As in soil anomalies and
Slide 13: Obuasi – Work History, Geology & Principal Target Areas
OBUASI – WORK HISTORY, GEOLOGY & PRINCIPAL TARGET AREAS Work to date at Obuasi includes: • 18,800 soil samples • 21,800 trench samples • 1,230 auger holes • 2 VTEM + Mag Airborne surveys • 129 (28,000m) DD core holes with significant intercepts incl. 1m @ 24.50, 2m @ 11.28 g/t Au • Targeting exercis
Slide 14: TuNya Earn-In Option on the Obuasi Property
TUNYA EARN-IN OPTION ON THE OBUASI PROPERTY TuNya Earn-In • Pelangio LOI granting TuNya Mineral Resources the right to earn an 80% interest in the southern portion of the Obuasi Property covering Tarkwaian stratigraphy and the strike extension of TuNya’s deposit • TuNya’s management have a combined
Slide 15: Dankran Project – 35 km² on the Ashanti Gold Belt
DANKRAN PROJECT –35 KM2 ON THE ASHANTI GOLD BELT Dankran Property (100% Pelangio) • The Dankran property covers 7 km strike of the same Birimian sedimentary and volcanic stratigraphy that hosts AngloGold Ashanti’s Obuasi Mine 25 km to the SW • Adjacent to historic Obuom mine, which in the 1930’s pro
Slide 16: Dankran – RC Drilling Results
DANKRAN – RC DRILLING RESULTS 2021 RC Drilling Program • 36 RC holes completed on 6 drill fences to test strongest Au-in-soil anomalism and Obuom mine trend in the northeastern end of property • Multiple relatively narrow zones of mineralization encountered along 2.5 kilometers of strike tested • Te
Slide 17: Manfo Project – Published 43-101 Resource 493 koz
MANFO PROJECT – PUBLISHED 43-101 RESOURCE* 493 KOZ (IND+INF) PLUS CONSIDERABLE EXPLORATION POTENTIAL REMAINING • Located in the middle of Sefwi-Bibiani Belts 50 km north of Asante’s Bibiani mines and 14 km south of Newmont’s Ahafo mine Plant site Subika Deposit • 50 km north of Asante’s Bibiani mine
Slide 18: Manfo – Resource Deposits and Exploration Targets
MANFO – RESOURCE DEPOSITS AND EXPLORATION TARGETS • Three resource deposits defined* • Indicated: 195,000 oz Au (@ 1.5 g/t) • Inferred: 298,000 oz Au (at 1.0 g/t) Exploration Potential • Step out drilling around know deposits - resource extension diamond drilling (3,700m planned) • Mineralization is
Slide 19: Pokukrom – Resource Extension Drill Testing
POKUKROM – RESOURCE EXTENSION DRILL TESTING POTENTIAL TO GROW THE KNOWN DEPOSITS THROUGH STEP-OUT DRILLING Pokukrom East and West deposits are Significant Intercepts: open in several directions DD21-001: 15m @ 3.81 incl. 7m @ 5.65 g/t Au DD21-002: 12m @ 3.19 incl. 3m @ 6.85 g/t Au -step-out drilling
Slide 20: Manfo – Pokukrom West 2021, 2023 Drilling Results
MANFO – POKUKROM WEST 2021, 2023 DRILLING RESULTS POKU WEST ZONE DOWN-PLUNGE EXTENSION & CONTINUATION OF OXIDE MINERALIZATION TO SOUTH 5 holes of diamond drilling (721 m) Looking West • Hole DD21-001 returned better results than surrounding DDH, reporting 3.81 g/t Au over 15m including 5.65 g/t Au o
Slide 21: Manfo – Pokukrom East 2023 Drilling Results
MANFO – POKUKROM EAST 2023 DRILLING RESULTS POKU EAST ZONE DOWN-DIP EXTENSION OF MINERALIZATION AT SOUTH END 4 holes of diamond drilling (702 m) • 2 holes drilled in the shallower southern end of the resource to fill a gap in the drilling and to extend the mineralization down-dip • SPDD23-007 extend
Slide 22: Manfo Best Drill Intercepts
MANFO BEST DRILL INTERCEPTS Pokukrom East From To Interval Au Grams X Pokukrom West DHID (metre) (metre) (metres) (g/t) Metres SPDD-188 96 160 64 2.60 166.4 incl. 136 146 10 11.94 119.4 From To Interval Au Grams X SPDD-184 131 244 113 1.19 134.5 DHID incl. 215 222 7 9.05 63.4 (metre) (metre) (metres
Slide 23: Pokukrom Deposits Leapfrog Model
POKUKROM DEPOSITS LEAPFROG MODEL WELL-DRILLED MINERALIZATION EXTENDS OUTSIDE OF THE $1,450 AU PITS MAY ADD TO THE RESOURCE WITH A RESOURCE RE-ESTIMATION AT A HIGHER GOLD PRICE Mineralization extends beyond $1,450 optimized pits • A mineral-resource estimate update will be Pokukrom East conducted at
Slide 24: Canadian Projects
Canadian Projects ~ MULTI-COMMODITY POTENTIAL~ • Birch Lake - Gold • Seeley Lake - Gold, Copper, Zinc • Mann - Nickel, Platinum, Palladium • Grenfell - Gold • Kenogaming - Gold, Silver, Zinc • Hailstone - Gold PX:TSX-V PX:TSX-V 33
Slide 25: Birch Lake - First Mining Gold Option
BIRCH LAKE - FIRST MINING GOLD OPTION First Mining (TSX:FF) May Earn 80% interest in Pelangio’s Birch Lake Project • Project located within the Birch-Uchi Belt, 120 km northeast of Red Lake contiguous with First Mining Gold’s claims covering the 3.8M oz Springpole deposit, approximately 3 km from th
Slide 26: Seeley Lake
SEELEY LAKE Seeley 100% Pelangio Owned • 1997: 4-hole program best gold result - 4.71 g Au/t over 1 m. indicated alteration and geologic setting similar to that found with VMS deposits, combined with significantly anomalous copper and zinc widespread throughout the two holes • 2008: 6 holes to follo
Slide 27: Mann Patents
MANN PATENTS RECENT NEARBY MAJOR NI DISCOVERY BY CANADA NICKEL (MANN NORTHWEST) Mann Patents 100% Pelangio Owned • The 2 km² Mann Patents are located 2.2 km from Canada Nickel’s newest discovery, “Mann Northwest”, with recently announced DH results up to 348m @ 0.23% Ni & 412m @ 0.19% Ni, plus Pt, P
Slide 28: Kenogaming Polymetallic Project, Swayze Belt
KENOGAMING POLYMETALLIC PROJECT, SWAYZE BELT Kenogaming Acquired 100% in 2021 • Located on the northern side of the Swayze Timmins Greenstone Belt near where the Destor-Porcupine fault strikes through, 63 km SW of Timmins • The Swayze Belt hosts IAMGOLD’s 14 Moz Côté Gold Mine to the south plus Newm
Slide 29: Why Pelangio? The Value Proposition
WHY PELANGIO? The Value Proposition Obuasi Manfo Gold Exploration Resource Potential! Undervalued relative to peers. Adjacent to the Legendary 60mOz High-Grade Obuasi Mine Critical Mineral Market Potential Improving Gold Across Multiple Price and Sentiment Canadian Increasing Demand Projects for Cri
Slide 30: Peer Comparison
Peer Comparison PX:TSX-V PX:TSX-V 44
Slide 31: Pelangio
PELANGIO
Pelangio Exploration — Investor Presentation (May 2024) on 6ix