Viva Gold Corp · TSXV:VAU
Viva Gold — Investor Presentation (September 2023)
22 slides from Viva Gold's investor presentation, September 2023
Slide 1: Viva Gold Corp September 2023
www.vivagoldcorp.com September 2 0 2 3 TSXV: VAU OTCQB: VAUCF Frankfurt: 7PB
Slide 2: Viva Gold Investment Thesis
VI VA GOLD I NVESTMENT THESI S 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 PF
Slide 3: Key Fundamentals
VI VA GOLD CORP 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 = Low Risk + Rapid Payback • 25% IRR @ $1,400 Au (PEA) – Updated 2023 PEA nearing Co
Slide 4: Capital Structure/Shareholders
VI VA GOLD CAPI TAL STRUCTURE/SHAREHOLDERS 20% CAPITAL STRUCTURE VIVA GOLD as of 6 Feb 22 FLOAT Shares Outstanding 106.7 M 40.8% MGMT & BOARD 6.8 M Stock Options1 17.8% Warrants Outstanding2 32.2 M 2.3% 9.5% 9.6% Fully Diluted 145.6 M Market Capital ~$17M 1) Options: 550k @ $0.17 ex. price expire Ju
Slide 5: Experienced Management & Board
EXPERI ENCED MANAGEMENT & BOARD CHRISTOPHER HERALD, Chairman & Director ANDY BOLLAND, Director President, CEO and Director Solitario Zinc Corp; former Chairman, Denver Gold Former Hatch Ltd, US Director of Mining and Mineral Processing; former Barrick Gold, Group; former positions with Crown Resourc
Slide 6: World Class Walker Lane Trend Production and M&A Activity
WORLD CLASS WALKER LANE TREND PRODUCTI ON AND M&A ACTI VI TY Kinross Gold 2021 Producing Round Mountain Mine (258k oz Au) Centerra Gold Feb 2022 Acquires Goldfield District Project ~ US$206M (US$177/MII Au Oz) AngloGold Sept 2022 Acquired Coeur Mining's Sterling-Secret Pass US$150M ($165/MII oz); No
Slide 7: Exceptional Resource Growth
EXCEPTI ONAL RESOURCE GROWTH Note: Updated PEA study underway – October 2023 GOLD OZ. EXCEPTIONAL GOLD RESOURCE GROWTH 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 2017* 2018 2019 2020 2022 In-Pit Constrained Mineral Resource (January 1, 2022) (1)(2)(3)(4) * Viva acquired Tonopah in Mar
Slide 8: Tonopah Project 2023 Drill Program
TONOPAH PROJECT 2023 DRI LL PROGRAM HIGHLIGHTS OF Drill Results 2023 Reverse Circulation Drilling Program 2023 REVERSE Hole Azimuth Dip From To Meter Meter Length Gold Grade Silver Grade Meter Gram/Tonne Gram/Tonne CIRCULATION TG2318 250 -75 110 DRILLING including 38 44 93 58 54.9 13.7 1.0 1.6 6.1 1
Slide 9: Tonopah Project Geologic Overview – Long Section
TONOPAH PROJECT GEOLOGI C OVERVI EW – LONG SECTI ON TVu QAL Low Sulfidation, Epithermal Gold Deposit TVI Typical of Walker Lane - Round Mountain trend OP - 493500 - 493000 - 494000 $1,650 Pit outline High grade gold mineralization Low grade gold mineralization associated associated with disseminatio
Slide 10: Significant Resource Upside: Structurally Driven Gold Mineralization
SIGNIFICANT RESOURCE UPSIDE STRUCTURALLY DRIVEN GOLD MINERALIZATION 2022 PEA $1,650 RESOURCE PIT SHELLS Primary Trend Main Pit Secondary Trend Area Midway Hills Pit • Three pits areas developing TG2211 Zone • High-grade gold mineralization TG2209 Zone associated with parallel series PEA Block West P
Slide 11: Defining N-S Structural Zones: X-Section TG2211 Splay
DEFINING N-S STRUCTURAL ZONES X-SECTION TG2211 SPLAY N S $1,650 PEA RESOURCE PIT SHELL Gold Grade Grams/Tonne TG2303 TG2317 TG2222 TG2316 TG2318 TG2318 Meters 54.9m @ 1.0 g/t Au 54.9m @ 1.0 g/t Au TG2211 57.9m @ 5.0 g/t Au incl 10.7m @ 24 g/t Au Source: Viva Gold – VAU News Release • Additional inte
Slide 12: Defining N-S Structural Zones: X-Section TG2209 N-S Splay
DEFINING N-S STRUCTURAL ZONES X-Section TG2209 N-S Splay N TG2309 TG2209 TG2307 S 46m @ 1.25 g/t Au 86.9m @ 1.3 g/t Au TG2219 18.3m @ 4.1 g/t Au Gold Grade TG2315 Grams/Tonne TG2306 $1,650 PEA RESOURCE PIT SHELL X-Section @ E494057 • 2022 & 2023 Drilling increase strike of mineralization by ~ 200 me
Slide 13: Good Continuity in Main Pit Area Grade Model Long Section
GOOD CONTINUITY IN MAIN PIT AREA GRADE MODEL LONG SECTION E-W Long Section (75m wide), Main Pit Area, W E Meters • Strong Gold grade continuity seen along primary strike extent of Main Pit Area • Numerous high-grade zones along strike associated with mineralized structural splays • Mineralization re
Slide 14: PEA Study Base Parameters
PEA STUDY BASE PARAMETERS Design Concept: Open pit, heap leach with ADR plant gold recovery PIT DESIGN CAPITAL COST Tonnes Mineral (1,000) 12,500 Tonnes INITIAL Capital SUSTAINING Capital TOTAL Grade 0.784 g/t Category Contained Au 304,820 Oz Total Waste (1,000) 57,800 Tonnes Mine Development $7.2M
Slide 15: PEA Results: High Return Potential
PEA RESULTS HI GH RETURN POTENTI AL Tonopah Project $1,400 PEA Base Case PriceProject Details Sensitivity (USD) Base Case Note: Updated PEA study underway – October 2023 Gold Price ($/oz) $1,400 Pre-Tax Economics IRR 25% Cash Flow (Undiscoutned) $70M Notes: NPV 5% Discount Rate $44M $1,400 Base Case
Slide 16: Metallurgical Testwork Optimization Program
METALLURGICAL TESTWORK OPTIMIZATION PROGRAM Gold Recovery Feasible Through Gravity, Flotation and Cyanidation Leach Methods • Mineralization well oxidized & includes high-grade veins, breccias and disseminated low-grade zones in multiple grade populations • Initial bottle-roll & column leach tests p
Slide 17: Infrastructure & Permit Status
INFRASTRUC TURE & 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 18: Baseline Environmental Study Work Program
BASELI NE ENVI RONMENTAL STUDY WORK PROGR AM Ongoing and Completed Study Work Includes • Biologic studies complete and submitted to BLM No material issues: NoSage Grouse or Desert Tortoise habitat • Quarterly water sampling (3 years completed) • Seeps and springs study (1-year completed) • Rock geoc
Slide 19: Tonopah Project Projected Goals & Timelines
TONOPAH PROJECT PROJECTED GOALS & TIMELINES • Drill Programs: 2023 2,200 m RC drill program completed. Designed to follow-up successful 2022 program: positive results seen on both infill and step-out holes in high-grade corridors of main pit area • Updated Geologic Model and Resource: New resource m
Slide 20: Why Viva Gold? Why Now?
WHY VI VA GOLD? WHY NOW? Tonopah Project • 100% owned Solid Growth And Value Proposition! • Well-drilled M&I Resource with expansion opportunities w/ significant resource upside • Unique high-grade starter pit rapid payback, lowered risk • Track record 4 consecutive years of increasing gold resource
Slide 21: 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 22: Exploration & Development in Nevada
www.vivagoldcorp.com JAMES HESKETH President and CEO 720-291-1775 jhesketh@vivagoldcorp.com Exploration & GRAHAM FARRELL Development in Harbor-Access (416) 842-9003 Nevada Graham.farrell@harbor-access.com December 2022 TSXV: VAU OTCQB:VAUCF Frankfurt: 7PB VivaGoldCorp.com TSXV: VAU OTCQB:VAUCF Frank