Viva Gold Corp · TSXV:VAU
Viva Gold — Investor Presentation (May 2024)
19 slides from Viva Gold's investor presentation, May 2024
Slide 1: Building a Gold Mining Business in Nevada
VivaGoldCorp.com Building a Gold Mining Business in Nevada May 2024 TSXV: VAU OTCQB: VAUCF Frankfurt: 7PB 1
Slide 2: Cautionary Notes: Technical Disclosures
CAUTIONARY NOTES TECHNICAL DISCLOSURES This presentation contains certain information that may constitute forward-looking information or forward-looking statements under applicable Canadian securities legislation (collectively, “forward-looking information”), including but not limited to the explora
Slide 3: Building a Mining Business
VIVA GOLD BUILDING A MINING BUSINESS Solid Growth And Value Proposition Developing the Tonopah Gold Project In Nevada: a target envisioned as being capable of producing 60,000 to 70,000 ounces of gold per year through open pit mining and heap leach to generate revenue of over US$100 million per annu
Slide 4: Key Fundamentals
VIVA GOLD KEY FUNDAMENTALS • Tonopah Gold Project located on prolific Walker Lane Gold Trend, western Nevada • M&I Resource with substantial exploration upside (See 2023 drill results) • High Grade Starter Pit(1) = Low Risk + Rapid Payback • 25% IRR @ $1,400 Au (PEA, after tax) with strong gold pric
Slide 5: Capital Structure/Shareholders
VIVA GOLD CAPITAL STRUCTURE/SHAREHOLDERS CAPITAL STRUCTURE as of March 1, 2024 20% VIVA GOLD Shares Outstanding 118.4 M FLOAT Stock Options1 6.6 M 40.8% Warrants Outstanding2 43.9 M MGMT & BOARD 17.6% Fully Diluted 168.9 M 2.3% 8.8% 12.0% Market Capital ~$15M 1) Options: 550k @ $0.17 ex. price expir
Slide 6: Experienced Management & Board
EXPERIENCED MANAGEMENT & BOARD CHRISTOPHER HERALD, Chairman & ANDY BOLLAND, Director Director Former Hatch Ltd, US Director of Mining and Mineral Processing; former President, CEO and Director Solitario Resources Corp; former Barrick Gold, Director Operations for Barrick Gold of North America; B.S.
Slide 7: World Class Walker Lane Trend Production and M&A Activity
WORLD CLASS WALKER LANE TREND PRODUCTION AND M&A ACTIVITY Kinross Gold 2023 Round Mountain Mine produced 226k oz Au: over 15 million ounces produced Dec 2023 Underground mine development commenced with goal to providing feed to existing 12,000 tpd mill. Centerra Gold Feb 2022 Acquires Goldfield Dist
Slide 8: Consistent Resource Growth
CONSISTENT RESOURCE GROWTH GOLD OZ. CONSISTENT GOLD RESOURCE GROWTH 800,000 600,000 400,000 200,000 0 2017* 2018 2019 2020 2022 In-Pit Constrained Mineral Resource (January 1, 2022) (1)(2)(3)(4) Classification Tonnes Au Grade Contained Ounces * Viva acquired Tonopah in March 2017: Source: Published
Slide 9: Excellent Mining Potential
TONOPAH GEOLOGY EXCELLENT MINING POTENTIAL Long Section through Main Pit Resource Zone West East QAL TVU TVL TVL OPA QAL = Quaternary Alluvium TVU = Upper Tertiary Volcanics (Unmineralized) TVL = Lower Tertiary Volcanics (Mineralized) Discovery Fault (Post Mineral) OPA = Ordovician Palmetto Argillit
Slide 10: X-Section Discovery Zone
TONOPAH GEOLOGY X-Section Discovery Zone $1,650 PEA resource pit shell Gold Grade Shell > 1.00 g/t Au 0.30 to 1.00 g/t Au 0.15 to 0.30 g/t Au • Structurally related >1.0 gpt gold mineralization surrounded by a blanket of lower grade gold mineralization • Two significant zones of gold mineralization
Slide 11: Successful 2024 Drill Program
TONOPAH GEOLOGY Successful 2024 Drill Program Tonopah 2024 Reverse Circulation Drilling Program Hole Azimuth Dip From To Length Gold Grade Silver Grade Meter Meter Meter Gram/Tonne Gram/Tonne TG2409 55 -60 171 55 76 21.3 5.1 7.2 including 56 64 7.6 11.7 10.6 81 119 38.1 1.1 4.2 TG2408 270 -70 159 40
Slide 12: 2024 Drill Program - X-Sections
TONOPAH GEOLOGY 2024 Drill Program- X-Sections TSXV: VAU VivaGoldCorp.com 12
Slide 13: PEA Results: High Return Potential
PEA RESULTS HIGH RETURN POTENTIAL Tonopah Project $1,400 Base PEA Case Project Price Details Sensitivity (USD) Base Case Gold Price ($/oz) $1,400 Pre-Tax Economics IRR 25% Cash Flow (Undiscoutned) $70M Notes: NPV 5% Discount Rate $44M $1,400 Base Case Price Sensitivity A Preliminary Economic Assessm
Slide 14: Metallurgical Testwork Optimization Program
METALLURGICAL TESTWORK OPTIMIZATION PROGRAM Gold Recovery Possible Through Gravity, Flotation and Cyanidation Leach Methods • Mineralization is well oxidized & includes high-grade veins, breccias and disseminated low-grade zones • Multiple generations of metallurgical testwork completed by Kennecott
Slide 15: Infrastructure & Permit Status
INFRASTRUCTURE & PERMIT STATUS • Paved road access • Tonopah Public Utility Commercial Water Pipeline on E boundary of claim block; utility controls substantial water rights • NV Energy 15 kV power line follows pipeline: systems upgradable to 25 kV under existing permits • Environmental Assessment &
Slide 16: Baseline Environmental Study Work Program
BASELINE ENVIRONMENTAL STUDY WORK PROGRAM Ongoing and Completed Study Work Includes • Biologic studies complete and accepted by Bureau of Land Management (BLM). No material issues: No Sage Grouse or Desert Tortoise habitat • Quarterly water sampling (3+ years completed) • Seeps and springs study (Co
Slide 17: Tonopah Project Projected Goals & Timelines
TONOPAH PROJECT PROJECTED GOALS & TIMELINES • Drill Program: 1,515 meter 10-hole drill program completed with substantial success • Updated Geologic Model and Resource: Plan to commence updated resource estimate to include 50 RC and core holes drilled in 2022 to 2024 programs • Metallurgical Study:
Slide 18: Viva Gold Investment Thesis
VIVA GOLD INVESTMENT THESIS Premise: • Shareholder value is generated by adding gold ounces and de-risking gold projects for ultimate mine development Focus: • Increase gold resources through drilling • De-risking by completing environmental and technical baseline study • Advancing project to PFS or
Slide 19: James Hesketh, Graham Farrell
JAMES HESKETH President and CEO 720-291-1775 jhesketh@vivagoldcorp.com GRAHAM FARRELL Harbor-Access (416) 842-9003 Graham.farrell@harbor-access.com TSXV: VAU OTCQB:VAUCF Frankfurt: 7PB VivaGoldCorp.com 19