Slide 1: Gold and Copper in the Caribbean: An Emerging Mine Developer
GOLDQUEST TSXV: GOC GOLDQUEST TSXV: GOC Gold and Copper in the Caribbean An Emerging Mine Developer with Exploration Upside April 2017
Slide 2: Forward-looking statements
Statements contained in this presentation that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward- looking statements in this presentation include, but are not limited to, statements with respect to the pre-feasibility study for
Slide 3: New Major Shareholder: Agnico Eagle
Recent C$22,860,000 Strategic Investment by AGNICO EAGLE* New Major Well Financed: Shareholder: +$25M* Cash AGNICO EAGLE in hand New Gold-Rich Advancing Romero VMS Discovery: to Production Cachimbo Announced March 6th, 2017 *see press release "GoldQuest Announces C$22,860,000 Strategic Investment by
Slide 4: A Growth Company
A Growth Company Developing The Romero Gold/Copper mine, Dominican Republic GQC discovered the multi-million ounce gold deposit in 2012 Pre-feasibility study (PFS) published Nov. 11th, 2016 @ 28% IRR and $595/oz All in Sustaining Costs (AISC) Permitting in progress Exploring The 50-km long
Slide 5: The Dominican Republic
The Dominican Republic Canada Romero Project Tireo USA Concessions Puerto Plata Dominican Republic Falcondo Pueblo Viejo Mine Mine Strong relationship with the government and community San Juan No Government Royalties Santo Domingo Reasonable Taxes (32%) One of the fastest growing source www
Slide 6: Proven Track Record of Mine Building in the Dominican Republic
Proven Track Record of Mine Building in the Dominican Republic Fisher and Espaillat were instrumental in the development of GlobeStar’s Cerro de Maimon copper/gold mine in 2008 in the Dominican Republic Acquired for $350,000 in 2001… … sold for $186,000,000 in 2008 (Aurelian Resources $0.15 to $40.0
Slide 7: Prefeasibility Study Highlights
Prefeasibility Study Highlights NPV*5% IRR* AISC* PAYBACK $203M 28% $595/OZ. 2.5YRS AFTER TAX AuEq.** LTP-94 158.6m to 160.0m 288.6 g/t Gold 5.6% Copper Pre-Feasibility Study Published November 11th, 2016 * Net Present Value (“NPV”), Internal Rate of Return (“IRR”), All-In Sustaining Costs (“AISC”)
Slide 8: Mineral Reserve & Resource Estimate for Romero Project
Mineral Reserve & Resource Estimate for Romero Project Romero Mineral Reserve Estimate Mine Reserves Tonnes Au Ag Cu Au Eq(1) (Cutoff $70 (g/t) (oz) (g/t) (oz) (%) (M lb) (g/t) (oz) NSR)(2) Total Probable 7,031,000 3.72 840,000 4.33 980,000 0.88 136 4.9 1,117,000 (1) Au equivalent metal prices: Au $
Slide 9: 2016 PFS Highlights
2016 PFS Highlights Low Capex, High IRR, Scalable Deposit After-Tax NPV & IRR Sensitivity to Gold Price PFS Summary Results At US$1300 Au / US$2.50.lb Cu After Tax NPV5% After Tax IRR Start-Up CAPEX $158M $350 35% Sustaining CAPEX $92M $300 30% After Tax NPV5% (US$M) Throughput 2800 tpd $250 25% Aft
Slide 10: Surface Infrastructure
Surface Infrastructure Underground Mine = Minimal Romero Reserve Mine Surface Disturbance Portal Mine Portal: No shaft required Single Copper Concentrate Facility ~90,000 tonne per year of Copper concentrate shipped Romero South Resource to international smelters Processing Plant Minimal E
Slide 11: Gold-Copper Starter Mine
Gold-Copper Starter Mine Surface Portal Ventilation Access Ramp View Looking North Production Ramp 2800 tpd – 75% Longhole Large Stopes (up to 20m x 20m x 50m) Options to expand mine as Remaining metal prices rise Mineral Resources www.goldquestcorp.com | 11
Slide 12: Processing Facilities – Provision for Expansion
Processing Facilities – Provision for Expansion Gold-Copper Starter Mine www.goldquestcorp.com | 12
Slide 13: Gold Equivalent Ounces
NPV5% IRR AISC PAYBACK The ‘Au/Cu Concentrate’ Mine AFTER TAX $595/OZ. 2.5 $203M 28% AuEq. YEARS Gold Equivalent Ounces Payable 180 GOAL: maintain or exceed 150,000 oz per year (Remaining Resource = Potential) 160 153,600 Gold Equivalent Ounces 140 136,800 135,600 124,800 Conversion of 119,300 120 1
Slide 14: All in Sustaining Costs
NPV6% IRR AISC* PAYBACK $203M AFTER $595/OZ. 2.5 TAXES YEARS All in Sustaining Costs (AISC) 28% AuEq. $1,400 LOM LOM ($/tonne) ($/oz.) $1,200 Mining $27.7 $222.4 Gross Processing $11.6 $93.1 $1,000 Margin Tailings Management $1.3 $10.3 Gold Price $800 $705 G & A (Site) $5.4 $43.8 $600 Total Cash Cos
Slide 15: Exploration
Exploration www.goldquestcorp.com | 15
Slide 16: Drilling Highlights in AuEq
Drilling Highlights in AuEq* Romero: 10.4 g/t - 234.8m Grab Samples Gold (g/t) 2.0 – 167.5 (201) BDL – 2.0 (3272) Las Tomates: 4.7 g/t - 6.8 m Tireo Land Package Perimeter Hydrothermal Alteration Romero South: 10.75 g/t - 28.5 m 2016-2017 Drill Program Previously Reported Drilling Imperial: 8.5 g/t
Slide 17: Exploring the Tireo Belt
Exploring the Tireo Belt Romero Romero 2016-2017 Exploration Program Romero South Project Generated multiple targets using 2016 IP mapping, geochemistry and IP & Drilling Program Encouraging alteration & geology Same geophysical signature (Induced Polarization, “IP”) as Romero Strong gold mi
Slide 18: Our 2017 Gold-Rich Polymetallic Discovery
Our 2017 Gold-Rich Polymetallic Discovery TIR-16-05 TIR-16-08 Gold – VMS Setting: 2 Zones TIR-16-02; 03; TIR-16-11 TIR-16-07 & 04 Length Au Ag Cu Zn 167.5 G/T TIR-16-09 Au grab sample (m) (g/t) (g/t) (%) (%) TIR-16-09 Zone 1 4.6 4.5 72.6 0.5 3.5 TIR-16-01 Zone 2 15.2 5.3 30.6 0.4 4.2 TIR-16-06 Inc.
Slide 19: Gold-Rich VMS Clan
Gold-Rich VMS Clan 167.5 g/t Au at surface Au Zn-Au Au Au Cachimbo Zn-Au Discovery Cu-Au Romero Project Cu-Au Cu-Au www.goldquestcorp.com | 19 Image modified from Dubé, B; Gosselin, P; Mercier-Langevin, P; Hannington, M; Galley, 2007. Mineral deposits of Canada: a synthesis of major deposit-types, d
Slide 20: GQC Positioned for both Exploration and Development
GQC Positioned for both Exploration and Development 1. Lassonde Curve 1 2 3 4 www.goldquestcorp.com | 20 Source 1: P. Lassonde’s The Gold Book (1990), M. Curran - Beacon Securities modifications Source 2: Historic Chart for CDN:GQC by Stockwatch.com, January 18 h, 2017
Slide 21: Exploration & Development Programs Delivering Newsflow
Exploration & Development Programs Delivering Newsflow 2016 2017 2018 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Exploration IP Program Tireo Drilling (Phase 1) Romero Brownfields Pre-Feasibility Planned Feasibility Permitting Studies - Mine Permit Application - Environmental Prep Period Potential Construction Excepti
Slide 22: Summary
Summary Developing One of few recent significant discoveries globally Continuing to de-risk our high return project PFS published Nov 11th, 2016 @ 28% IRR and $595/oz AISC Permitting underway Exploring 10,000 m drilling in progress 20 new targets in 100% owned, 50 km Tireo Belt Cachimb
Slide 23: Stock Price Performance and Price Targets
Stock Price Performance and Price Targets Analyst Target Prices GoldQuest Stock Chart *** 0.70 3.5 Michael Curran Agnico Eagle Private Placement @ C$60 per common share C$1.40 * 0.60 3.0 0.50 2.5 Share Price (C$/share) Stuart McDougall Volume (M) C$1.25 ** 0.40 2.0 0.30 1.5 Tyron Breytenbach 0.20 1.
Slide 24: Low Price to Net Asset Value (P/NAV)
Low Price to Net Asset Value (P/NAV) P/NAV Comparison of Development Stage Gold Companies 0.90x 0.80x 0.70x 0.60x P/NAV 0.50x 0.40x 0.30x 0.20x 0.10x 0.00x Integra Gold Sabina Gold Dalradian Victoria Gold Belo Sun Continental IDM Mining Goldquest Falco Golden Reign Corp & Silver Corp Resources Corp
Slide 25: An Emerging Developer with Exploration Upside
COMPELLING SIGNIFICANT ECONOMICS CLEAR EXPLORATION DEVELOPMENT UPSIDE ROMERO: PATH Fully Scalable An Emerging Developer with Exploration Upside www.goldquestcorp.com | 25
Slide 26: Management, Share Information and Contact
Market Capitalization* ~C$124M Shares Outstanding 253,832,384 Basic Shares Outstanding 287,415,724 Fully Diluted Cash** ~28M Stock Price* C$0.49 * Cash (Actual) as of March 31st, 2017 **As of March 31st , 2017 open Management Contact Info: Share Information Julio Espaillat CEO Paul Robertson CFO Bil
Slide 27: Pre-Production Capital Costs
Pre-Production Capital Costs NPV5% IRR AISC PAYBACK $203M 28% $595/OZ 2.5 AuEq. YEARS After taxes Contingency Underground Mining $21.3M $15.7M Site Development and Road Blocks $13.5M Owner’s Cost $10.2M $158.6 EPCM CAPITAL $23.2M Processing Facilities $32.4M Indirect Costs $11.8M DIRECT COSTS On-sit
Slide 28: Our Environment & Community
Our Environment & Community Design Features Minimizing Environmental Impact: No use of cyanide 100% of the waste rock returned back underground as backfill Eliminates potential for acid rock drainage No water intake from San Juan River Capture of run-off water to supply the mine Filtered