U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Investor Presentation (August 2019)
28 slides from U.s. Gold's investor presentation, Aug 30, 2019
Slide 1: U.S. Gold Corp. September 2019
Slide 2: Forward Looking Statements
Forward Looking Statements ‘TERMS OF USE AND DISCLAIMER - This presentation is being provided for the sole purpose of providing the recipients with background information about ‘US. Gold Comp. (‘US. Gold’). US. Gold Cosp. has made reasonable efforts to ensure that the information contained in this p
Slide 3: U.S. Gold Corp. Overview
U.S. Gold Corp. Overview Combining robust economics with district-scale exploration, in mining friendly U.S. jurisdictions Near Term Production Potential District-scale Exploration Copper King Project - WY* Keystone - NV = Advanced Exploration and Development property = North Central SV located prop
Slide 4: U.S. Gold Corp. Overview
U.S. Gold Corp. Overview Tight share structure and listed on NASDAQ - | Shares outstanding | 22,047,302 | Listing | NASDAQ | ~ Series F Prefessed 854,685 | Symbol USAU = Cotaren. |__#24,192,617 | 52-week stock range $0.74-$1.53 ‘Warrants* | 4,993,609 — | Average daily volume ~114,558 Options* 1,368,
Slide 5: Copper King Project Overview
Copper King Project Overview Potential near-term production, low CAPEX and robust economics, WY Nasdag: USAU | usgoldcorp.gold
Slide 6: Copper King Project Overview
Copper King Project Overview Delivering substantial value and targeting near-term production = Copper King is 2 development stage, gold-copper-silver-zinc project located in the Silver Crown Mining District, Wyoming = The project offers potential near-term production as well as exploration upside =
Slide 7: Copper King Project Claims & Location
Copper King Project Claims & Location Mineralized Area 43-1017 ‘ . (Cs Claim Boundary Wyoming, 20 miles west of CoTtownshiprRange Cheyenne | sections Located in Southeast Wyoming is ranked the 7th most mining friendly jurisdiction in the world (Fraser Institute) Claims consists of 2 state leases wit
Slide 8: Copper King Resource Estimate
Copper King Resource Estimate Measured 0.009 = 0.32 0.103 15,130,000 13,730,000 0.018 062 272,000 0.198 60,120,000 Indicated 0.009 = 0.30 0.111 44,620,000 40,480,000 0.014 0.48 654,000 0.182 162,880,000 cm enn ea onsen pt tne 0.008 0.136 15,620,000 14,170,000 0011 038 174000 0.200 — 62,530,000 t aay
Slide 9: Copper King PEA 2017
Copper King PEA 2017* On December 5, 2017, Mine Development Associates (MDA) prepared an updated technical report and Preliminary Economic Assessment for U.S. Gold Corp. showing the below metrics: Projected Production and Processing Base Case ‘Mine Type Open Pit Gold price (US$ /ounce) $1275 Total P
Slide 10: Copper King 2017 Exploration Program
Copper King 2017 Exploration Program Drilling has encountered a newly discovered mineralized zone Four drill holes were completed to test geophysical responses on the Copper King property in 2017 The program targeted extensions, east and west, of the known main zone as well as new target areas (The
Slide 11: Copper King 2018 Exploration Program
Copper King 2018 Exploration Program ‘Targeting expansion of the resource Copper King drilling program for 2018 consisted of 8 drill holes, targeting expansion of the deposit Primary focus was last year's newly discovered zone of mineralization, the West Zone, a 200m step out from the Main Zone at C
Slide 12: Datamine Copper King Exploration Model
Datamine Copper King Exploration Model Datamine completed a comprehensive drill hole analysis of the Copper King gold-copper-silver-zinc deposit The Datamine study <= DATAMINE ' importantly includes all ips” ol the potential economic é ae Bee metals, not just gold and copper as previously modeled (s
Slide 13: Datamine Copper King Exploration Model
Datamine Copper King Exploration Model sc Copper Isoshell Facing North Facing North Zinc Isoshell Z Silver Isoshell Facing North Facing North
Slide 14: Copper King 2019 Exploration Plans
Copper King 2019 Exploration Plans Datamine Exploration Model Shows Deposit Potentially Open to SE & SW = Datamine gold isoshell shows deposit cuts off in higher grade gold mineralization to the ‘SE: = The deposit also has the potential to extend farther to the SW (as exhibited by 2017 & 2018 drilli
Slide 15: Keystone Overview
Slide 16: Keystone Project Location
Keystone Project Location Nevada — renowned gold mining jurisdiction = Produced ~5.6 M oz of gold produced in 2017 - approx. 75% of U.S. gold production! = The 5th largest gold producing “country” in the world = Historically, Nevada has produced > 225M oz of gold = “Elephant country”: numerous > 20M
Slide 17: Keystone Project Location
Keystone Project Location The Cortez Trend — prolific gold mining belt = The Cortez Trend is one of the world’s most productive trends - producing ~ 1M oz of gold per year = The trend hosts numerous world class deposits”: Barrick’s Pipeline: ~21+ M oz gold Barrick’s Cortez Hills: ~15+ M oz gold Barr
Slide 18: Cortez Trend discovery history map
[Gold Bar discovered a’ Sa 4984 (mined 1987-92) a -— Gold Bar satelite deposits (mined 4a \1991-97) Current McEwen mines Toyabe Mine (mined 1987-1991 (ET Blue deposit \\ discovered 2007 } = ’ Pediment (mined 20008) " Goldrush-Red Hill \ deposits discovered 2011 Horse Canyon (mined 1980s) x Cortez Hi
Slide 19: Keystone Project Overview
Keystone Project Overview ‘Targeting the next substantial gold district on the Cortez Trend = Consolidated an entire district on the Cortez Trend, NV - 20 square miles, 100% controlled by U.S. Gold Corp. = Never previously consolidated nor systematically explored by model-driven, modern-day explorat
Slide 20: Cross-sectional schematic of Keystone
Cross-sectional schematic of Keystone Exploring a significant intrusive-centered, domed, gold district on the Cortez Trend Intrusives: the “mechanism(s)” that drove the system(s). Lacustrine *\ Margin Breccia S Walti Pluton Lower Plate T. Chapin 2017 SE Keystone Dome NW Figure: Schematic sketch of t
Slide 21: Keystone Exploration 2016 - 2017
Keystone Exploration 2016 - 2017 Systematic, district-wide exploration begins at Keystone Consolidated the entire district for the first time in history Initiated model-driven, modern day-exploration programs: digital data organization & map representation and mapping geology of the entire district
Slide 22: Keystone 2017 Drilling Stratigraphy
Keystone 2017 Drilling Stratigraphy Strong similarities to sizeable deposits at the north of the Cortez Trend Figure 1-Stratigraphy of the Cortez area (after Creel and Bradley, 2013) ry undifferentiated sediments and Units 2-4: micrite with abundant debris-flow intervals Intrusions of unknown age Un
Slide 23: Keystone Exploration 2018
Keystone Exploration 2018 Early stage, systematic exploration complete — primed for discovery 2018 drilling, comprised of a total of fifteen holes, and was conducted in two phases - totalling 25,310 feet (7,714 m) » Phase 1: provided “scout” drill tests within several broad new target areas (limited
Slide 24: Keystone Exploration 2019
Keystone Exploration 2019 ‘Targeted Drilling in 2019 — planning for discovery success 2019 targeted drilling planned for up to 14 holes, and will be conducted in two phases - totalling 28,000 feet (9,000 m) > Phase 1: high priority targets to follow up on 2018 results > Phase 2: provided a first tes
Slide 25: U.S. Gold Corp. peer comparison
U.S. Gold Corp. peer comparison Compelling value with considerable potential upside Pre-tax NPV of $178.5 million versus the company’s market capitalization of ~ $20 million UsAS, MARKET CAP Fogw CS OMPARTISON 279M Comparing US. Gold Corp. to explorers / developers focussed on the Americas? Market C
Slide 26: Directors, Management & Technical Advisory Team
Directors, Management & Technical Advisory Team John N. Braca Chairman CONSIDERABLE MINING, CAPITAL Edward M. Karr Director MARKETS, M&A AND GOVERNANCE The Honorable Ryan K. Zinke | Director EXPERIENCE. SERIAL ENTREPRENEURS “Timothy M. Janke ices WITH SUCCESSFUL TRACK RECORDS Andrew Kaplan Director
Slide 27: The U.S. Gold Corp. Opportunity
The U.S. Gold Corp. Opportunity Tight share structure & advancing two world-class assets * World-class portfolio, in stable and mining friendly US. 7 oe = TD jurisdictions. The portfolio offers investors both potential near-term production and sizeable blue-sky exploration * Team of renowned explore
Slide 28: Development Package / Contacts
DEVELOPMENT PACKAGE Exciting combination of a PROVEN TEAM Top quality USS. Gold Corp. is a US — HIGH UPSIDE Sy exae rawth porate later stage development management and based company, listed on for the current resource asset and exploration blue advisory team with ‘a major US Exchange — and valuation