Soma Gold Corp. · TSXV:SOMA
Soma Gold — Investor Presentation (January 2024)
22 slides from Soma Gold's investor presentation, Jan 15, 2024
Slide 1: Growing Gold Producer in Colombia
Growing Gold Producer in Colombia Corporate Presentation January 15, 2024
Slide 2: Legal Disclaimer
Legal Disclaimer T S X V : S O M A / / O TC Q B : S M A G F Statement by Qualified Persons Some statements herein contain forward-looking information. These statements include, but are not limited to, statements with respect to the expected benefits from having a management team seeking to aggressiv
Slide 3: Executive Summary
Executive Summary T S X V : S O M A / / O TC Q B : S M A G F Ø Gold producer with District Scale property concessions in Antioquia Producing and growing miner with large scale Province, Colombia district scale property concessions Ø Current Production Rate of 450 TPD, ramping up to 650 TPD by Q2 202
Slide 4: Colombia – Excellent Mining Jurisdiction
T S X V : S O M A / / O TC Q B : S M A G F Colombia – Excellent Mining Jurisdiction Ø Soma properties are in a prolific jurisdiction with multiple unexplored targets Ø Large deposits common in Colombia and Soma property is on trend with the 5.5- million-ounce Segovia Mine and the 6.0- million-ounce
Slide 5: District Scale Property in Colombia
District Scale Property in Colombia T S X V : S O M A / / O TC Q B : S M A G F Aris Segovia Mine Mineral rights concessions of approximately 41,000 Ha (410 sq. km) stretching more Soma Concessions in Antioquia than 100 km along the prolific OTU fault and adjacent to and on trend to the Segovia Mine
Slide 6: Cordero Mine
Cordero Mine T S X V : S O M A / / O TC Q B : S M A G F • Current Mine Production of ~500 TPD, ramping up to 600 TPD by Q2 2024 • Average diluted head grade of 8.4 gpt • Combination of “Raised Stope” and “Cut and Fill” mining methods depending on width and orientation of veins • Over 100,000 ounces
Slide 7: Nechi Deposit
Nechi Deposit T S X V : S O M A / / O TC Q B : S M A G F Ø Located 25 km North of the El Bagre Gold Complex Nechi Deposit Ø 42,000 m of DDH drilling already completed Ø 2019 NI 43-1010 Resource Estimate of 128,000 Oz, which is expected to grow to over 250,000 oz. with 2024-2025 drilling Ø 2,300 m of
Slide 8: Machuca Deposit
Machuca Deposit T S X V : S O M A / / O TC Q B : S M A G F Ø Located 10 km south of the el Limon Mill Ø Mostly paved road to el Limon and el Bagre mills Ø High-grade intercepts and channel samples > 25 gpt Ø New drill program has commenced with wide vein intercepts Ø Fully permitted mine that requir
Slide 9: El Bagre Mill Complex
El Bagre Mill Complex T S X V : S O M A / / O TC Q B : S M A G F Ø 450 TPD Capacity Ø Grinding, gravity, floatation, cyanide leach, Merrill Crowe and smelting to doré Ø Fully permitted to expand to 1,000 TPD Ø Powered by renewable hydropower generated on-site Ø Connected to the grid and backup gener
Slide 10: El Limon Mill
El Limon Mill T S X V : S O M A / / O TC Q B : S M A G F Ø 225 TPD capacity currently on Care and Maintenance Ø Fully permitted to 400 TPD Ø RPP License from Gov’t of Colombia Ø 15 km south of el Bagre in town of Zaragoza Ø Close to the Machuca Mine Ø Scheduled to re-start in Q2 2024 January 15, 202
Slide 11: Production growth and forecast
Production growth and forecast T S X V : S O M A / / O TC Q B : S M A G F PRODUCTION 16,168 17,170 20,484 23,800 32,340 40,500 47,000 50,000 TOTALS (OZ AU): 50000 45000 40000 35000 35,000 30000 35,000 El Bagre OUNCES 25000 32,500 El Limon 20000 15000 32,340 17,170 23,800 20,484 10000 16,168 15,000 1
Slide 12: Resource Expansion and definition drilling at Cordero
Resource Expansion and definition drilling at Cordero T S X V : S O M A / / O TC Q B : S M A G F Ø Drilling indicates vein system is open at depth and on strike Ø Good intercepts with good grade Ø Updated NI43-101 Resource Estimate in Q1 2025 January 15, 2024 www.somagoldcorp.com 12
Slide 13: Multiple Exploration Targets
Multiple Exploration Targets T S X V : S O M A / / O TC Q B : S M A G F Ø $4 million per year program Ø 20K meters of DDH per year Ø Multiple targets defined by surface sampling and artisanal mining Ø Geophysical and LIDAR surveys planned for H2 Ø 10-person geological team Ø 4 company-owned DDH rigs
Slide 14: Financial Highlights
Financial Highlights T S X V : S O M A / / O TC Q B : S M A G F 2023 Sales Volume Q3 YTD Revenue 32,340 ounces AuEq $ 61.77 million Q3 YTD EBITDA Q3 YTD Net Income $ 26.7 million $ 8.1 million Q3 Adjusted Net Income Net debt to LTM EBITDA $ 3.2 million 1.1 X Source: TMX.com (As of January 14, 2024)
Slide 15: Financial performance for Q3 2023
Financial performance for Q3 2023 T S X V : S O M A / / O TC Q B : S M A G F Highlights of the YTD performance Ø Ounces sold increased by 66% compared to Q3-2022 to a record 9,112 ounces Ø 42% increase over the nine months ended September 30, 2023 to 24,503 ounces Ø Net Income for Q3 was $3.2 millio
Slide 16: Value Creation Goals 2024-2027
Value Creation Goals 2024-2027 T S X V : S O M A / / O TC Q B : S M A G F Increase Resource Expand Milling Capacity Increase production • Increase resource at • Restart the Limon Mill to • Increase gold production Cordero through increase total milling to 40-45,000 ounces Au in exploration to >500,0
Slide 17: ESG
ESG T S X V : S O M A / / O TC Q B : S M A G F Environmental Ø Formalizing small miners eliminates the use of mercury Ø Sustainable and renewable source of power from on-site hydro plant. Ø Soma plants 5,000+ trees per year with the support of the local community Ø Awarded the Top Environment Perfor
Slide 18: Worker Health and Safety
Worker Health and Safety T S X V : S O M A / / O TC Q B : S M A G F Ø Management and the Board take worker safety very seriously Ø Implemented North American safety standards Ø The training is having an effect January 15, 2024 www.somagoldcorp.com 18
Slide 19: Colombia Country Risk
Colombia Country Risk T S X V : S O M A / / O TC Q B : S M A G F Ø President Petro’s Leftist agenda stalled by Centrist Legislature Ø No change to the 5% foreign dividend withholding tax Ø Soma exceeds compliance for environmental and social issues (won an award) Ø Underground mining is not a target
Slide 20: Summary
Summary T S X V : S O M A / / O TC Q B : S M A G F January 15, 2024 www.somagoldcorp.com 20
Slide 21: Thank you Questions?
T S X V : S O M A / / O TC Q B : S M A G F Thank you Questions? January 15, 2024 www.somagoldcorp.com 21
Slide 22: Contact
CONTACT Geoff Hampson CEO IN F O @ S O M A G O L D C O R P . C O M +1-604-259-0302 SUITE 970, 1050 WEST PENDER ST. TSXV:SOMA // OTCQX:SMAGF VANCOUVER, BC V6E 3S7, CANADA January 15, 2024 www.somagoldcorp.com 22