Ranchero Gold Corp · TSXV:RNCH
Ranchero Gold — Investor Presentation (May 2023)
36 slides from Ranchero Gold's investor presentation, May 2023
Slide 1: Ready to Drill, Ready to Discover
READY TO DRILL READY TO DISCOVER TSX-V: RNCH CORPORATE PRESENTATION – MAY 2023
Slide 2: Disclaimers
TSX-V:RNCH :V - DISCLAIMERS SX T All amounts in C$ unless otherwise noted Forward Looking Statements: 2 This presentation has been prepared by the Company solely for information purposes. Prospective investors should pay particular attention to the information under the heading “forward-looking 2 0
Slide 3: Ranchero Gold Corp. – Unparalleled Exploration Upside
TSX-V:RNCH :V - SX RANCHERO GOLD CORP. T 2 2 0 2 MAY 2023 R UNPARALLELED EXPLORATION UPSIDE E M BE T EP S CORPORATE PRESENTATION Newly Located in Modern day established Owns 100% of the prolific Production historical TSX-V listed Santa Daniela Sierra Madre dating back production gold explorer gold p
Slide 4: Investment Highlights
TSX-V:RNCH :V - SX INVESTMENT HIGHLIGHTS T 2 2 0 2 MAY 2023 R E M BE T EP S CORPORATE PRESENTATION Largest Neighbors Key Surface Opportunity unexplored with Senior infrastructure rights for to participate claim blocks and already in exploration at the ground in a prolific Intermediate place and floo
Slide 5: Developing World-Class Gold Belt
TSX-V:RNCH :V - SX DEVELOPING WORLD-CLASS GOLD BELT T Ranchero is focused on a highly prospective and fast growing subsection of the belt 2 2 0 2 ➢ Sierra Madre Occidental Gold Belt – A prolific gold belt with 35 MAY 2023 R major mining operations with past production with 80 Moz gold and 3 Boz silv
Slide 6: Santa Daniela
TSX-V:RNCH :V - SX SANTA DANIELA T 22,267 hectare property | 100% ownership 2 2 0 2 MAY 2023 R E M BE T EP S CORPORATE PRESENTATION 6
Slide 7: Key Infrastructure Already in Place
TSX-V:RNCH :V - SX KEY INFRASTRUCTURE ALREADY IN PLACE T Substantially lowers capital intensity of Santa Daniela 2 2 0 2 MAY 2023 R E M BE T EP S CORPORATE PRESENTATION Water Power Road Skilled Permits Access Labor Water rights for Existing power Direct access Supply of Surface rights two million li
Slide 8: Well Defined Path to Producer Status
TSX-V:RNCH :V - SX WELL DEFINED PATH TO PRODUCER STATUS T Significant value creation opportunity through project development 2 2 0 2 Production MAY 2023 R Decision Project E M BE T EP S Economics 4 Resource Definition 3 Systematic Drilling CORPORATE PRESENTATION Exploration of Santa 2 Daniela 1 47 h
Slide 9: Safety of Our People is Paramount
TSX-V:RNCH :V - SX SAFETY OF OUR PEOPLE IS PARAMOUNT T 2 2 0 2 MAY 2023 R E M BE T EP S HEALTH AND SAFETY COVID-19 PROTOCOLS CORPORATE PRESENTATION ➢ Fostering a safety culture free of accidents ➢ Successfully completed multiple exploration programs through the global COVID-19 ➢ Emergency Response P
Slide 10: Future Drilling Programs at Maiz Azul
TSX-V:RNCH :V - FUTURE DRILLING PROGRAMS AT MAIZ AZUL SX T 2 2 0 2 MAY 2023 R E M BE T EP S CORPORATE PRESENTATION Phase1: Phase 2: Phase 3: Initial drilling at Data compilation Expansion and Maiz Azul & review/ New resource (>3,100m) target definition definition drilling 10
Slide 11: Systematic Exploration Program
TSX-V:RNCH SYSTEMATIC EXPLORATION PROGRAM 95% of Santa Daniela remains unexplored 2 2 0 2 MAY 2023 R E M BE T EP S 2021/22 Exploration Phase II Drill Program Reconnaissance 2022/2023 Goals ➢ Completed detailed ➢ Updated 3-D model → ➢ Machine-learning ➢ Complete Phase II drill CORPORATE PRESENTATION
Slide 12: The Best Place to Find a Mine Is Still Next to a Mine
TSX-V:RNCH :V - THE BEST PLACE TO FIND A MINE IS STILL NEXT TO A MINE 1, 2 SX T Neighboring Mulatos Gold Mine → Production > 2Moz and Free Cash Flow Generation of ~ US$325M 2 2 0 2 MAY 2023 R E M BE T EP S CORPORATE PRESENTATION Note 1: Alamos Gold Presentations and Ranchero Company Reports 12 Note
Slide 13: Drilling at Santa Daniela
TSX-V:RNCH :V - DRILLING AT SANTA DANIELA SX T Highlights exploration potential at Maiz Azul 2 2 0 2 ➢ Well understood Low Sulphidation MAY 2023 R E M Epithermal System BE T EP S ➢ La Colmena and La Cascada • Phase I drilling expanded mineralized footprint to 500m x 550m CORPORATE PRESENTATION • Min
Slide 14: Maiz Azul
TSX-V:RNCH :V - MAIZ AZUL SX T Three vein swarms undergoing exploration drilling 2 2 0 2 MAY 2023 R E M BE T EP S CORPORATE PRESENTATION LEGEND Projected Mineralization Proposed Drill Hole 14
Slide 15: Maiz Azul – La Colmena Phase Drilling
TSX-V:RNCH :V - SX MAIZ AZUL – LA COLMENA PHASE 1 DRILLING T Q1 2022 results include: 2 2 0 ➢ MA21-010: 4.00 g/t Au over 31.5m including 9.93 g/t Au over 12.0m 2 MAY 2023 R ➢ MA21-011: 1.08 g/t Au over 21.0 m E M BE T EP S CORPORATE PRESENTATION LEGEND Projected Mineralization Drill Hole Location 15
Slide 16: Maiz Azul – La Colmena Phase Drilling
TSX-V:RNCH :V - SX MAIZ AZUL – LA COLMENA PHASE 1 DRILLING T Q1 2022 results include: 2 2 0 ➢ MA21-013: 1.18 g/t Au over 21.2m 2 MAY 2023 R ➢ MA21-014: 1.11 g/t Au over 13.2 m E M BE T EP S CORPORATE PRESENTATION LEGEND Projected Mineralization Drill Hole Location Note: Refer to press release “Ranch
Slide 17: Maiz Azul – La Cascada Phase Drilling
TSX-V:RNCH :V - SX MAIZ AZUL – LA CASCADA PHASE 1 DRILLING T Q1 2022 results include: ➢ All five drill holes encountered gold mineralization 2 2 0 2 ➢ Vein and veinlet mineralization in drill core MAY 2023 R ➢ MA21-20 encountered broad areas of zinc E M BE T EP mineralization S CORPORATE PRESENTATIO
Slide 18: Highly Successful Inaugural Drill Program
TSX-V:RNCH :V - HIGHLY SUCCESSFUL INAUGURAL DRILL PROGRAM SX T Progressing towards a significant gold discovery at Santa Daniela 2 2 0 2 MAY 2023 R E M BE T EP S Significant Results1 Extensive Footprint Improved Knowledge Follow Up Program ➢ Confirmation of ➢ Combined mineralized ➢ Enhanced geologic
Slide 19: District Scale Potential
TSX-V:RNCH :V - SX DISTRICT SCALE POTENTIAL T Largely unexplored land package outside of Maíz Azul 2 2 0 2 ➢ Original work consisted of analysis of ASTER MAY 2023 R E and Landsat Imagery M BE T EP S ➢ 47 additional exploration targets identified ➢ Targets based on evidence of CORPORATE PRESENTATION
Slide 20: High Prospectivity Scores
TSX-V:RNCH :V - SX HIGH PROSPECTIVITY SCORES T Applying Machine Learning Technology to Santa Daniela 2 2 0 2 ➢ Utilization of modern day exploration and Machine MAY 2023 R Learning (ML) Technology E M BE T EP S ➢ Partnership with Goldspot Discoveries ➢ Powered by significant amount of data collected
Slide 21: Potential New Drill Targets
TSX-V:RNCH :V - SX POTENTIAL NEW DRILL TARGETS T Development of new drill targets underway 2 2 0 ➢ Initial focus on near mine targets 2 MAY 2023 R E M BE ➢ Priority also given to targets near areas where T EP S drilling currently underway by third party ➢ Nine targets considered high priority that w
Slide 22: Neighboring Reserves and Resources
TSX-V:RNCH :V - SX NEIGHBORING RESERVES AND RESOURCES T Significant resource base in the making 2 2 0 2 1.6 Reserves MAY 2023 R E M BE T EP S 1.4 3.1 Moz 1.2 1.0 Million Ounces M&I Resources CORPORATE PRESENTATION 1.3 Moz 0.8 0.6 0.4 Inferred Resources 0.2 0.5 Moz 0.0 La India Dolores Pinos Altos Mu
Slide 23: Neighboring Mining Operations
TSX-V:RNCH :V - SX NEIGHBORING MINING OPERATIONS T 2 2 0 2 MAY 2023 R E M BE T EP S CORPORATE PRESENTATION Open Pit Heap Leach Open Pit with Milling and Heap Leach ➢ Simple flowsheet with low capital intensity ➢ Higher capital intensity with better metallurgical recoveries ➢ Mulatos gold mine (Alamo
Slide 24: Upcoming Catalysts
TSX-V:RNCH :V - SX UPCOMING CATALYSTS T Strong pipeline of projects and catalysts 2 2 0 2 MAY 2023 R Q4 2021 2022 2023 E M BE T EP S Completion of RTO Drill results from Commencement of and list on TSX-V Santa Daniela in Q1 Phase II drill program CORPORATE PRESENTATION Planning of inaugural Planning
Slide 25: Management
TSX-V:RNCH :V - MANAGEMENT SX T 2 2 0 2 MAY 2023 R E M BE T EP S CORPORATE PRESENTATION JESUS NORIEGA OMAR GONZALEZ INTERIM CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER ➢ 15+ years in the mining ➢ 20+ years in audit and industry assurance in South ➢ Experienced engineer America and corporate ➢ Ma
Slide 26: Board of Directors
TSX-V:RNCH :V - BOARD OF DIRECTORS SX T 2 2 0 2 MAY 2023 R E M BE T EP S MARTYN GUSTAVO CORPORATE PRESENTATION BUTTENSHAW MAZON DIRECTOR CHAIRMAN OF THE BOARD ➢ 20+ years in the mining industry ➢ Founder of ➢ Chairman of Ranchero Gold Atacama Copper ➢ Current CEO of M azon Family ➢ Former Managing G
Slide 27: Technical Advisory Team
TSX-V:RNCH :V - TECHNICAL ADVISORY TEAM SX T 2 2 0 2 MAY 2023 R E M BE T EP S KEN STEVE BILL CORPORATE PRESENTATION BALLEWEG RISTORCELLI PINCUS TECHNICAL ADVISOR TECHNICAL ADVISOR TECHNICAL ADVISOR ➢ 30+ years in the ➢ 40+ years in ➢ 40+ years in the mining industry minerals mining industry ➢ Vice P
Slide 28: Capital Structure & Ownership
TSX-V:RNCH :V - SX CAPITAL STRUCTURE & OWNERSHIP T CAPITAL STUCTURE KEY SHAREHOLDERS 2 (AS AT JUNE 30, 2022) (AS AT MARCH 31, 2022) 2 0 2 MAY 2023 R TSX VENTURE EXCHANGE RNCH OWNER % E M BE T EP S Shares outstanding 65.7 million Board and Management4 60% Options1 3.7 million Pala Investments4 10% CO
Slide 29: Substantial Value Proposition
TSX-V:RNCH :V - SUBSTANTIAL VALUE PROPOSITION SX T Re-rating opportunity on the horizon 2 2 0 2 MAY 2023 Market Cap R E $M M BE T $1,170 EP S Peer Average: CORPORATE PRESENTATION $232 $233 $140 $136 $62 $57 $40 Ranchero: $16 $7 $7 Orla Minera Freegold Liberty Gold Integra West Vault Revival Gold Ele
Slide 30: Revaluation Opportunity
TSX-V:RNCH :V - REVALUATION OPPORTUNITY1,2,3 SX T Significant rerating opportunity as the Company transitions to a Producer 2 2 0 2 MAY 2023 R E M BE T 600 EP S 500 Consensus Estimate NAV of Mulatos 400 $638M CORPORATE PRESENTATION ($9.16/sh) $ million 300 200 Acquisition of Grayd Resource 100 Reval
Slide 31: Ranchero by the Numbers
TSX-V:RNCH :V - RANCHERO BY THE NUMBERS1,2,3,4 SX T The Team, the Neighborhood, the Opportunity 2 2 0 2 MAY 2023 R E M BE T EP 240 Years 45+ Past Discoveries 60% Ownership S Moz Mining and Finance Attributable to By Board and experience Ranchero team Management 550,000 oz/yr 6 Operating Mines 9.0 Pa
Slide 32: Appendices
T - T S E 2 0 2 2 R :V M BE EP SX CORPORATE PRESENTATION MAY 2023 TSX-V:RNCH 32 APPENDICES
Slide 33: ESG & Diversity
TSX-V:RNCH :V - ESG & DIVERSITY SX T Committed to the Environment and our Communities whilst fostering best practices in Corporate Governance and Diversity 2 2 0 2 MAY 2023 R E M BE T EP S Environment Social Governance Diversity ➢ Establish best ➢ Long-term surface-rights ➢ Monthly Board of ➢ Commit
Slide 34: Santa Daniela Project Timeline
TSX-V:RNCH :V - SX SANTA DANIELA PROJECT TIMELINE T 2 2 0 2 MAY 2023 R Altos Hornos de Mexico conducts E M Geophysics and BE T Grupo Mulatos de Drilling at Santa EP S Sonora conducts Daniela reconnaissance Plans to work at Santa commence follow Gold mineralization Daniela up and expansion discovered
Slide 35: Information Regarding Scientific and Technical Information
TSX-V:RNCH :V - INFORMATION REGARDING SCIENTIFIC AND TECHNICAL INFORMATION SX T 2 • The scientific and technical information included in this document has been reviewed and approved by William ‘Bill’ Pincus, the Chief Executive Officer of the 2 0 2 Corporation and a “qualified person” within the mea
Slide 36: Corporate Office / Investor Relations
TSX-V:RNCH :V - SX T 2 2 0 2 MAY 2023 R E M BE T EP S CORPORATE OFFICE READY TO DRILL Ranchero Gold Corp. 910-800 West Pender Street READY TO DISCOVER CORPORATE PRESENTATION Vancouver, British Columbia V6C 2V6 INVESTOR RELATIONS Email: info@rancherogold.com 36 TSX-V: RNCH