Contango Silver & Gold Inc. · AMEX:CTGO
Contango Silver & Gold — Contango ORE — Investor Presentation (June 2023)
38 slides from Contango Silver & Gold's investor presentation, Jun 26, 2023
Slide 1: Building Alaska's Next Gold Mines
NYSE-A: CTGO BUILDING ALASKA’S NEXT GOLD MINES June 2023 Exhibit 99.1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT The Feasibility Study (“FS”) referenced herein that relates to Peak Gold, LLC (“Peak Gold”), was prepared by Kinross Gold Corporation (“Kinross”), which controls the Manager of Peak Gold and holds 70% of its outstanding membership interests, in accordance with Canadian Nati
Slide 3: George Bernard Shaw gold quote
You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, | advise you, as long as the capitalist system lasts, to vote for gold. — George Bernard Shae — o
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS 4 Tier 1 mining jurisdiction – Alaska Manh Choh Mine - One of the World’s highest grade open pit gold mines (8 g/t) Project significantly de-risked Agreement in place with Tetlin Alaska Native Tribe Fully Permitted - All State and Federal permits received Turn-key operation, ma
Slide 5: Developing Alaska's Next Gold Mines
Developing Alaska’s Next Gold Mines Manh Choh Mine – Construction Underway Partnership with Kinross (70%) and the Alaska Native Tetlin Tribe (Royalty) 100% Owned Lucky Shot Mine – Initial Resource Exploring historic high-grade gold mine Reserves/Resources Exploration Stage Fort Knox Mill
Slide 6: Developing Alaska's Next Gold Mines
Developing Alaska’s Next Gold Mines Manh Choh Mine – Development Stage Construction underway Partnership with Kinross (70%) and Contango (30%) Using existing Fort Knox milling facilities (owned by Kinross) Reduced Execution Risk Partnership with the Alaska Native Tetlin Tribe (Royalty) Lucky Shot Mi
Slide 7: Capital Structure
CAPITAL STRUCTURE1 7 Institutional Retail / Others Directors & Officers (Insiders) TRADING - NYSE AMERICAN: CTGO 90-Day Avg. Daily Volume 16,561 shares per day 52-week range US$21.56 - $33.67 Market Cap $191M * Russell 3000 Inclusion - June 26, 2023 CAPITAL STRUCTURE Issued & Outstanding 7.8 M Warra
Slide 8: Manh Choh Gold Project
Feasibility in 2022Construction in 2023 Production in 2024Explore 2,800 sq.km area Simple Development Plan - mine Manh Choh gold ore and then truck and process the ore at Kinross’ Fort Knox Milling Complex Reduces execution risk to produce gold and silver over 4.5 year mine-life starting second
Slide 9: Manh Choh Update: Summer Construction Underway
9 Manh Choh Update Summer Construction Underway
Slide 10: Kiewit selected as mining contractor
10 Kiewit selected as mining contractor Founded it 1884, Kiewit is one of the largest engineering, construction and mining companies in North America
Slide 11: Manh Choh Update: Underway
11 Manh Choh Update UNDERWAY Triple 7 CAT Trucks, Blast Hole Drill Rig and 6030 CAT Shovel on their way
Slide 12: Black Gold Transport Contracted for Ore Haul
12 Black Gold Transport Contracted for Ore Haul Alaska Business for 35 Years
Slide 13: Mill Modifications at Fort Knox
13 Mill Modifications at Fort Knox
Slide 14: Mill Modifications at Fort Knox
14 Mill Modifications at Fort Knox Manh Choh Ore Stockpile Area
Slide 15: Mill Modifications at Fort Knox
15 Mill Modifications at Fort Knox
Slide 16: Manh Choh Gold Project: Anticipated Economics
MANH CHOH GOLD PROJECT: Anticipated Economics Using existing infrastructure at Fort Knox, Peak Gold is planning on a H2 2024 start date Production estimate of 914,000 GEO over a 4.5-years equating to roughly 225,000 gold equivalent ounces (“GEO”) per annum (30% to Contango Ore = +274,000 GEO or 67,5
Slide 17: Lower Risk & Reduced Timeline to Production
17 LOWER RISK & REDUCED TIMELINE TO PRODUCTION DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PRODUCTION DETAILED DESIGN PROCURMENT CONSTRUCTION Approximately $19 million Program in 2021: Resource In-fill, Hydrology, Geotechnical, Metallurgical Engineering; Environment and Community Outreach With ~
Slide 18: Early-Stage Exploration Projects
18 1 Hart, C.J.R., 2005. Mid-Cretaceous Magmatic Evolution and Intrusion-related Metallogeny of the Tintina Gold Province, Yukon and Alaska. Unpublished PhD thesis, University of Western Australia, 198 p. 1 Early-Stage Exploration Projects (100% owned) Eagle-Hona Triple Z Shamrock Current Focus On L
Slide 19: Lucky Shot Vein
19 Coleman Adit Lucky Shot “500” Adit War Baby Adit Looking NNE Enserch Tunnel Lucky Shot Vein 15.6 g/t = ½ Oz/ton1 +1 mile (1.6 km) strike length and open along strike and down dip See https://www.contangoore.com/press-release/contango-ore-issues-initial-s-k-1300-resource-technical-report-summa
Slide 20: Coleman block and Lucky Shot block
4 Coleman block Bey Lucky Shot block wae)
Slide 21: Fully Permitted Active Mine Site
Fully Permitted Active Mine Site Safety First Approach Zero LTIs 21
Slide 22: Lucky Shot Mineral Resource Estimate
Classification Tonnes Au Grade (g/t) Au Ounces Measured - - - Indicated 190,092 15.6 95,036 TOTAL 190,092 15.6 95,036 Inferred 74,265 9.9 23,642 Classification Tonnes Au Grade Au Ounces (g/t) Measured - - - Indicated 36,871 8.9 10,584 TOTAL 36,871 8.9 10,584 Inferred 7,793 5.9 1,468 Oblique View of
Slide 23: Lucky Shot Capping Strategy
23 Lucky Shot Capping Strategy – 10% to 30% Upside Disintegration Analysis Used
Slide 24: Lucky Shot Vein Zone
Lucky Shot Vein Zone Longitudinal View ~ Looking South 77 Bisting Dri Troces LZ Mojor Structures 7 High Grade Au Zones H GP Historie Mine Workings | T “ * =
Slide 25: Oblique View of Lucky Shot Segment
Oblique View of Lucky Shot Segment – Looking NE
Slide 26: Lucky Shot drill intercepts
2.12m @ 1.68 g/t Au LSU22023 OPEN LSU22022 LSU22021 LSU22020 LSU22019 LSU22018 1m @ 6.8 g/t Au Incl. 0.5m @ 12 g/t Au 3.31m @ 3.92 g/t Au Incl. 0.5m @ 9.99 g/t Au 1.52m @ 1.59 g/t Au 3.64m @ 4.5 g/t Au Incl. 0.53m @ 26.3 g/t Au 0.58m @ 7.7 g/t Au 1.99m @ 9.53 g/t Au Incl. 0.71m @ 21.5 g/t Au 1.62m @
Slide 27: Planned In-Fill Drill Program
Planned In-Fill Drill Program for 15-20 Meter spacing Looking Southwest
Slide 28: At the Face with Lucky Shot Vein
28 At the Face with Lucky Shot Vein Alaska’s Next Gold Mine
Slide 29: , = SONTANGO 02:
, = SONTANGO 02:
Slide 30: Corporate Inquiries / Appendices
Corporate Inquires:info@contangoore.com+1-778-386-6227www.contangoore.com NYSE American: CTGO Twitter: @orecontangoLinkedIn: Contango OREInstagram: ContangoOREFacebook: Contango ORE APPENDICIES
Slide 31: Non-GAAP forward looking estimates notice
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA, which are a financial measure not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimated AISC, resour
Slide 32: Manh Choh Gold Project Location
The project is located 29 km (18 mi) from the Alaska Hwy and 400 km (240 mi) to the Fort Knox Milling Complex 32 MANH CHOH GOLD PROJECT LOCATION MANH CHOH DEPOSIT Image used with permission from Kinross Manh Choh
Slide 33: Manh Choh Gold Project and Surrounding Targets
33 MANH CHOH GOLD PROJECT AND SURROUNDING TARGETS Main MC North MC $3 Million Exploration Program Budgeted for 2023 Continued exploration for New Resources in Chief Danny Area Further evaluation of 685,000 acre Manh Choh property Additional regional stream sediment sampling Geologic mapping Geophysi
Slide 34: Peak Gold LLC Exploration Highlights
PEAK GOLD LLC 34 Exploration Highlights 528 Core and RC holes in the database with 394 drill holes used for modeling is including 69,574 m (228,260 ft) of assays. Approved $3 million exploration program for 2023 Follow up of regional stream sediment and pan concentrate sample Geologic reconnaissance
Slide 35: Asset Summary
ASSET SUMMARY 35 Peak Gold Project ~(688,000 Acres) State Claims (~70,000 Acres) Peak Gold JV 70% 30% 100% The Manh Choh project consists of a ~688,000 acres land package including ~13,000 acres of State Mining Claims Roughly the size of Rhode Island Contango is also the 100% owner of the Alaska s
Slide 36: Lucky Shot Property Historic Resources
Lucky Shot Property Historic Resources1 Historic M&I Reserve on Adjacent Coleman Segment of LS Vein: 206k Tonnes @ 18.3 g/t Gold for 121,500 Ounces of Contained Gold2 1 The historical production information presented is based upon reports file by the US Geological Survey from information provided by
Slide 37: Contango Exploration Strategy
Contango Exploration Strategy Plan for Lucky Shot Project Rehab and extend existing Enserch tunnel to explore the Lucky Shot vein down-dip - prep for exploration drilling in three stages: Stage 1a Drift 500 meters along footwall and parallel to vein for detailed in-fill drilling; Stage 1b Continue E
Slide 38: Gold is money. Everything else is credit
38 "Gold is money. Everything else is credit". J.P. Morgan This classic quote is especially true today, as Sovereign Debt Levels globally hit new high after new high and the growing BRICS+ Bloc continues to progress toward a Gold-backed currency system.