I-80 Gold Corp · TSX:IAU
I-80 Gold — Investor Presentation (December 2023)
29 slides from I-80 Gold's investor presentation, December 2023
Slide 1: Made in the U.S.A.
DECEMBER 2023 MADE IN THE U.S.A. NYSE:IAUX | TSX:IAU
Slide 2: Disclaimer
DISCLAIMER Cautionary StatementRegardingForward-LookingInformation Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to statements or information regarding: comp
Slide 3: Superior Performance: Executing Our Plan
SUPERIOR EXECUTING OUR PLAN PERFORMANCE U.S. Focused Gold Producer US-FOCUSED GOLD EXPLORER, DEVELOPER & PRODUCER • Nevada is consistently ranked as one of the world’s most favourable 01 Largest US “Pure-Play” gold producer Properties are 100 % in Nevada jurisdictions for mining • i-80 is one of the
Slide 4: Why i-80 Gold
Investment Attractiveness Index Policy Perception Index WHY I-80 GOLD 100% US-Projects (All in Nevada) • Nevada is ranked as the world’s #1 most favourable jurisdiction for both Investment Attractiveness and Policy Perception by the Fraser Institute • Security of land ownership • Stable Government •
Slide 5: Central Nevada
CENTRAL NEVADA World’s Most Productive Gold District • The Carlin & Battle Mountain Trends in Central Nevada collectively represent the world’s most productive gold “district” • i-80 is the largest holder of gold resources in the Central Nevada district next to Nevada Gold Mines (Barrick-Newmont JV)
Slide 6: Processing
PROCESSING Competitive Advantage • Lone Tree Facility • Positions i-80 as one of only three companies in Nevada with refractory processing capabilities • Strategically located facility, situated on Interstate 80 and proximal to the Central Nevada Railway • Ruby Hill Facility • Assessing the utilizat
Slide 7: Fundamentals
FUNDAMENTALS Nevada’s Premier Growth Company Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) • Second only to Nevada Gold Mines for gold resources contained within the M&I (Moz Au) Inferred (Moz Au) Carlin/Battle Mountain Trends • Targeting a significant increase in AuEq 15.2 re
Slide 8: Fundamentals: Superior Gold Grades
Nevada Only - M&I Resources (Moz Au) and Inferred Resources (Moz Au) FUNDAMENTALS Superior Gold Grades SELECT NORTH AMERICAN OPEN PIT GOLD PROJECTS - GRADE (G/T AU) 2.00 1.77 • i-80 open-pit grades rank among the 1.52 1.80 1.60 1.38 1.39 1.42 highest-grade in the US, especially 1.11 1.40 1.20 1.01 1
Slide 9: Experienced Leadership
EXPERIENCED LEADERSHIP SUCCESSFUL HISTORY IN NEVADA OPERATIONS EWAN DOWNIE MATT GILI MATT GOLLAT RYAN SNOW TODD ESPLIN ANDY COLE JON LAIRD TONY CARROLL Chief Executive President & COO Executive Vice- Chief Financial Officer Technical Director Senior Mining & Cove & Granite Creek Lone Tree Plant Offi
Slide 10: U.S. Producer
U.S. PRODUCER Category Mineral Resources – Underground Tonnage Au Grade Gold Sequencing Two Processing facilities GRANITE CREEK (kt) (g/t) (Koz) MINE • Three deposits being developed with Measured & Indicated 1,008 10.40 337 processing at the Lone Tree facility Inferred 741 13.41 319 (autoclave) • U
Slide 11: Lone Tree Mine
• Central Processing Autoclave Facility • Operating Heap Leach 100% OWNED • Operating Laboratory Facility • Climate Controlled Warehouse • Core Cutting and Logging Facility LONE TREE MINE • Full Maintenance Shops • Office Complex OUR COMPETITIVE ADVANTAGE • Site flotation circuit (1.8Mt/year)
Slide 12: Granite Creek Mine
100% OWNED GRANITE CREEK MINE NEVADA’S NEWEST HIGH-GRADE GOLD MINE
Slide 13: Granite Creek
GRANITE CREEK • i-80’s first underground operation located immediately South of NGM’s Twin Creeks and Turquoise Ridge mining operations UNDERGROUND AND OPEN PIT RESOURCES • NGM interim processing agreement allows i- 80 to advance mine development with an initial priority on the Ogee Zone – positive
Slide 14: Granite Creek: Resource Expansion
GRANITE CREEK Resource Expansion • The SPZ Zone remains open at depth and along strike to the north • Grades consistently in excess of 10 g/t Au over expected mine widths • High-grade intercepts in historic hole HPC- 175 a further 400 m to the north suggest the potential to extend the strike-length
Slide 15: Granite Creek: Underground Development
GRANITE CREEK Underground Development Section Looking Northwest • Surface and underground drilling of the 100 m South Pacific Zone is underway – first three holes assayed: • iGS23-01 - 26.1 g/t Au over 5.7 m 4445 Level • iGS23-03 - 25.6 g/t Au over 5.5 m 4490 Level • iGS23-05 - 15.5 g/t Au over 19.7
Slide 16: Ruby Hill Mine
100% OWNED RUBY HILL MINE ONE OF NEVADA’S LARGEST DEPOSITS
Slide 17: Ruby Hill: Ultimate Optionality
RUBY HILL Ultimate Optionality • Announced proposed partnership to accelerate development and reduce capital to i-80 • The Eureka District ranks as one of the Holly-Helen Mines - reported grade: 0.23 oz/t Au, 28.7 oz/t Ag, +37% Pb world’s highest-grade CRD districts with T.L. Mine - reported grade:
Slide 18: Ruby Hill: New Discoveries
RUBY HILL iRH22-57 9.0 g/t Au – 51.2 m New Discoveries iRH23-29 • Ongoing drill program to expand gold 17.8 % Zn, 0.8 % Pb 59.8 g/t Ag, & 0.9 g/t Au - 16.4 m resources in the Ruby Deeps deposit and definition and expansion drilling in the iRH23-41 (Skarn) iRH21-02 Ruby 426 Blackjack, Hilltop and FAD
Slide 19: Hilltop Zones
iRH23-29* iRH23-41* (Skarn) HILLTOP ZONES 17.8 % Zn, 0.8 % Pb 59.8 g/t Ag & 0.9 g/t Au - 16.4 m 10.7 % Zn & 37.0 g/t Ag – 47.9 m And (CRD) 15.6 % Zn, 8.7 % Pb, CRD Mineralization 420.4 g/t Ag & 0.6 g/t Au - 40.4 m • Drilling has defined mineralization along iRH23-42A 10.1 % Zn, 0.6 % Pb the Hilltop
Slide 20: Development Plan
DEVELOPMENT PLAN Multiple Deposits – Shared Infrastructure • Designing infrastructure to access both gold (Ruby Deeps & 426) and Upper Hilltop polymetallic base metal deposits (Blackjack & Hilltop) • Underground platforms will provide improved locations to target expansion iRH23-18A - Tyche of miner
Slide 21: Cove Mine
100% OWNED COVE MINE ADVANCED EXPLORATION
Slide 22: Cove Mine
COVE MINE Mineral Resources2 Advanced Exploration Program Tonnage Au Grade Ag Grade Gold Silver • One of the highest-grade, development stage, gold deposits in North America (kt) (g/t) (g/t) (koz) (koz) • Current program includes driving a Indicated 1,007 10.9 29.1 351 943 decline and a large-scale
Slide 23: Cove Mine: Phase Program
COVE MINE Phase 1 Program • The initial phase of underground development is completed • Feasibility Study will focus on the Helen and Gap Zones – currently being drilled • Upside opportunities: • Gap Zone is open down-plunge PG-01 • CSD and 2201 Zones not included in 40.0 g/t Au – 3.0 m PEA or upcom
Slide 24: Environment, Sustainability, Governance
ENVIRONMENT, SUSTAINABILITY, GOVERNANCE i-80 Gold is committed to sustainable development and environmental stewardship during exploration and extraction of mineral resources. As we continue to grow our team and our operations, we prioritize safety and improving the social, economic, and environment
Slide 25: Summary
SUMMARY GROWTH EXECUTING OUR CAPITAL ALLOCATION STRATEGY Organic growth platform with a goal of Executing a plan to grow reserves & Prioritizing reserve increases and mine becoming Nevada’s 2nd largest gold resources, production, and cash flow development producer with sustainable development opport
Slide 26: Contact Us
CONTACT US 1.866.525.6450 WWW.i80GOLD.COM Ewan Downie Matthew Gili Ryan Snow Matthew Gollat Chief Executive Officer President & COO Chief Financial Officer Executive Vice-President i-80 GOLD CORP | 26
Slide 27: Company Snapshot
COMPANY SNAPSHOT Analyst Coverage CAPITAL STRUCTURE1 Shares Issued and Outstanding 291,886,952 Warrants 24,716,409 Options 11,101,241 RSU’s/DSU’s 1,020,543 Fully Diluted 328,725,145 *On December 31, 2021, the Company completed a financing package which includes a $60M convertible loan which bears an
Slide 28: Mineral Resources
MINERAL RESOURCES MINERAL RESOURCES1,2,3,4,5,6 Tonnes Au Grade Ag Grade Au Ounces Ag Ounces (kt) (Au g/t) (Ag g/t) (Koz) (Koz) Mineral Resources Attributable to i-80 Gold Corp. upon closing of the Lone Tree Measured and Ruby Hill Arrangements Granite Creek - Open Pit 20,857 1.47 988 Granite Creek -
Slide 29: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS RON CLAYTON EVA BELLISSIMO JOHN BEGEMAN JOHN SEAMAN GREG SMITH ARTHUR EINAV CHRISTINA MCCARTHY Chairman Director Director Director Director Director Director 40+ years exploration, 20+ years legal, 35+ years operational 22+ years experience Chartered Professional Gener