Metalla Royalty & Streaming Ltd. · TSXV:MTA
Metalla Royalty & Streaming — Investor Day (July 2023)
85 slides from Metalla Royalty & Streaming's investor day presentation, Jul 11, 2023
Slide 1: Analyst Presentation
Analyst Presentation September 19, 2019 One Team, One Mission
Slide 2: Cautionary Statement on Forward Looking Information
Cautionary Statement on Forward Looking Information Certain information contained or incorporated by reference in this presentation, including any information as to Barrick’s strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All stateme
Slide 3: Ownership, Operator, Governance
a joint venture between Barrick Gold Corporation and Newmont Goldcorp Corporation Ownership Operator Governance Barrick 61.5% Barrick Board of Managers: Barrick 3 board seats Newmont Goldcorp 38.5% Newmont Goldcorp 2 board seats 3 Advisory Committees: Equal representation from both 3
Slide 4: Nevada Gold Mines JV
Nevada Gold Mines JV Joint Venture 61.5% Barrick / 38.5% Newmont Goldcorp Ownership Transaction closed on July 1, 2019 Barrick: Goldstrike, Cortez, Turquoise Ridge, Goldrush, and South Arturo Assets Newmont Goldcorp: Carlin, Twin Creeks, Phoenix, Long Canyon, and Lone Tree Included Associated proces
Slide 5: Why Nevada?
Why Nevada? Only six gold belts hosting gold endowments of +200Moz across the globe; NGM has unparalleled land package in the Great Basin district S Abitibi Great Basin Tien Shan Pueblo Viejo E Birimian Twin Creeks Turquoise Goldstrike Ridge Gold Quarry KCGM Cortez, Witswatersrand Goldrush E Goldfie
Slide 6: Why Nevada?
Why Nevada? Nevada ranked as #1 on the investment attractiveness index for mining companies in 2018a when considering both policy and mineral potential Country investment attractiveness index, 100 = most attractive 100 Great Basin (Nevada) E. Goldfields (Australia) 90 El Indio (Chile) S. Abitibi (Ca
Slide 7: Mining Properties in Nevada
Mining Properties in Nevada Nevada Gold Nevada Gold Mines AOI Mines AOI included in Nevada Gold Mines 7
Slide 8: Assets in Nevada Gold Mines
Assets in Nevada Gold Mines 10 Underground Mines N 12 Open Pit Mines Turquoise Twin Creeks Ridge Wells Winnemucca South Arturo Long Canyon Goldstrike 2 Roaster Facilities Leeville Elko Lone Tree Battle Gold Quarry Mountain Emigrant 2 Autoclave Facilities Phoenix Autoclave Robertson Cove/McCoy JV Roa
Slide 9: Why Nevada Gold Mines?
Why Nevada Gold Mines? Best-in-class operations in an attractive investment region Three operating Tier 1 assets3 (Turquoise Ridge/Twin Creeks, Carlin, and Cortez), Goldrush set to become the fourth Single largest gold producer; H2 2019 forecast of between 1.8Moz-1.9Moz at a preliminary estimated co
Slide 10: One Team, One Mission
One Team, One Mission Our mission is to be the world’s most valued gold mining business, by having the best assets with the best people to deliver the best value to stakeholders. Attract and develop strong, world-class people who are informed and involved in the processes of the company, act with in
Slide 11: One Team, One Mission – By Site
One Team, One Mission – By Site Turquoise Ridge/ HUMBOLDT ELKO Twin Creeks Carlin (surface HUMBOLDT Headcount 965 Twin Creeks + underground) PERSHING Turquoise Ridge ELKO Headcount 3,563 Phoenix / Lone Tree WASHOE South Arturo LANDER EUREKA Goldstrike Lone Tree STONEY CHURCHILL Carlin Long Canyon Go
Slide 12: Senior Leadership Team
One Team, One Mission - Senior Leadership Team Greg Walker Executive Managing Director Colin Bower Rebecca George Growth, Long- Eric McCallum Darling Hiliary Wilson Tim Juvera Michael Estes Fennemore Term, Strategic Organizational Communities & General Energy & Asset Chief Financial Permitting, Plan
Slide 13: Partnering with Communities
Partnering with Communities Build and strengthen trust with community stakeholders Commitment to partnerships with long-term sustainable outcomes Manage operational impacts and maximize opportunities in host communities Introduce Nevada Gold Mines Legacy Fund Enable and facilitate workforce involvem
Slide 14: Creating Value for All Stakeholders
Creating Value for All Stakeholders Longer Profitable Mine Lives Increased Reserves Maximizing Nevada’s potential and Resources Lower Cut-Off Longer profitable mine lives Grades Longer term employment opportunities Lower Costs / Higher Free Cash Flow Longer term benefit sharing with local communitie
Slide 15: Update on Synergies
Update on Synergies Pre-tax FCF ($M/annum) from H2 2019 - 2024 $450-$5002 Executed and/or advancing (scope, milestones, managers, etc.) and estimated FCF ($M/annum) Projects under trade-off analysis and review $38 $28 $115 $240 $61 Regional and Synergies, Integrated Opex-Fleet- Supply Chain TR-TC Si
Slide 16: $450-$500M/annum in Near-Term Synergies
$450-$500M/annuma in Near-Term Synergies Highlight of notable projects within the synergy pipeline $450 – 500M/annuma in 2020-2024 Growth Mid-term Short-term “Easy Win” Regional and Site- (5+ years) (2-5 years) (1-2 years) (Immediate) Integrated Based Indirects Planning Combined exploration Integrat
Slide 17: Supply Chain Synergies
Supply Chain Synergies Total: $115 $17 Executed Advancing $28 $7 $3 $8 $10 $7 $2 $1 $2 $5 $3 $9 $2 $4 $8 17
Slide 18: Growth Projects Across All NGM Assets
Growth Projects Across All NGM Assets Turquoise Ridge/ Carlin Surface Carlin Underground Twin Creeks • Tri-Star Pits • North Post • Cut 40 • Gold Quarry Laybacks • Ren • Getchell Pits • Greater Leeville • Cut 55 • Rita K N • West Gen Turquoise Ridge Twin Creeks South Arturo Wells Winnemucca Goldstri
Slide 19: Strong Reserve & Resource Base
Strong Reserve & Resource Base1 2018 Reserve and Resource Base: Proven & Probable reserves 48.3Moz @ 2.3g/t Goldstrike/S Arturo (60%) Twin Creeks P&P: 3.2Moz @ 1.9g/t Measured & Indicated resources 27.4Moz @ 2.2g/t P&P: 8.9Moz @ 3.9g/t M&I: 2.8Moz @ 2.1g/t Inferred resources 7.5Moz @ 3.1g/t M&I: 2.1
Slide 20: High-Grade Reserves
High-Grade Reserves 2.3 Average peer grade 1.2 g/t 48 Reserves grade significantly higher than the peer average in a stable jurisdiction next to infrastructure/processing facilities Backed by equally high-grade M&I and Inferred Resource * Barrick and Newmont Goldcorp post-joint venture attributable
Slide 21: Three Tier 1 Assets with Significant Upside
Three Tier 1 Assets3 with Significant Upside N TR/TC1 Twin Creeks Carlin/Goldstrike1 P&P: 12.3Moz @ 5.1 g/t Turquoise P&P: 21.4Moz @ 2.8 g/t Ridge Wells M&I: 3.0Moz @ 2.7 g/t South Arturo M&I: 6.9Moz @ 1.7 g/t Winnemucca Inf: 1.7Moz @ 3.4 g/t Inf: 1.6Moz @ 3.3 g/t Goldstrike Leeville Long Canyon Exp
Slide 22: Leeville Complex - Significant Growth Potential
Leeville Complex - Significant Growth Potential A B C North Southeast Greater Leeville Turf West Leeville Rita K Carlin East Full House Fence NHD-00277 1600 m 16.0 m @ 7.7 g/t Dp Srm Ov Ov Drc Dp Dp Dp Srm Srm 1400 m Dp CGX-00059 CGX-00059 AGR-02702 Srm RKX-00039 RKX-00012 6.3 m6.3@m5.4 @ 5.4 g/tg/t
Slide 23: Goldrush - Our Fourth Tier 1 Asset?
Goldrush - Our Fourth Tier 1 Asset3? Plan View N A 2400 m 2200 m FM19-29D 9.4m @ 36.2 g/t 2000 m FM19-49D 28.3m @ 26.5 g/t FM19-25D Fourmile 7.5m @ 29 g/t 1600 m Property Boundary 1400 m Goldrush 1200 m 1000 m GRC18-01 800 m 3.5m @ 9.3 g/t RHR10-22 6.1m @ 40.7 g/t Goldrush Potential Contained Ounces
Slide 24: Turquoise Ridge - Multi Moz Growth Potential
Turquoise Ridge - Multi Moz Growth Potential TS1804C 4.4 m @ 8.3 g/t TU02664 7.9 m @ 8.3 g/t GP0331 39.7 m @ 12.1 g/t TU01034 41.1 m @ 27.4 g/t GP0331 39.7 m @ 12.1 g/t TU02926 TU02926 LHT15-0270 30.6 m @ 18.8 g/t 30.6 m @ 18.8 g/t 41.1 m @ 6.9 g/t TU02664 TU01034 7.9 m @ 8.3 g/t 41.1 m @ 27.4 g/t L
Slide 25: Focused Spend on Tier 1 assets
Focused Spend on Tier 1 assets ~$100M Mineral Resource Management & Exploration 2019 NGM Budget (81% Near Mine; 19% Brownfields) N Spend per Resource Category Spend per Asset Twin Creeks Turquoise Ridge Wells 1% 4% Winnemucca South Arturo 19% 35% Goldstrike Leeville 8% Long Canyon Elko Lone Tree Bat
Slide 26: Exploration Upside on Consolidated Properties
Exploration Upside on Consolidated Properties Turquoise Ridge/ Carlin Twin Creeks • Greater Leeville and • Finding high grade down surrounding area is NGMs plunge extensions exploration priority • Preparing for geology model • Goldstrike high grade integration and targeting N expansion Twin Creeks •
Slide 27: North Carlin Trend
North Carlin Trend Deposit Footprint 10 km2 of underexplored opportunity in Goldstrike Stock Outline Little Boulder Surface the heart of the Carlin Trend Basin Covered 3 km Little Boulder Basin Goldstrike LBB-0100: 7.6 m @ 17.8 g/t Large area between giant deposits with only two drill holes through
Slide 28: Securing Future Upside at Fourmile
Securing Future Upside at Fourmile* Adding very high grade 5400 LEVEL GEOLOGY Highlights from Q3 to date FM19-43D 7.0m @ 67 g/t FM19-52D 7.3m @ 35.9 g/t At Fourmile, results returned from 22 advanced 5.3m @ 134.6 g/t exploration drill holesa FM19-63D Unfavorable Best ever intercept from Goldrush/Fou
Slide 29: New Discovery – High Grade on the Horizon
New Discovery* – High Grade on the Horizon A Tertiary A’ Rhyolite Upper Plate Fourmile Gravel Goldrush A’ 1 km FM19-11DW1a 10.7 m @ 24.8 g/t & 4.6 m @ 49.4 g/t & Fourmile* 6.1 m @ 21.2 g/t P & P Reserves Goldrush MII Resource Exploration Upside Mineralized footprint Area shown on previous slide A Ne
Slide 30: Excluded Assets
Excluded Assets Fourmile is the most advanced exploration project of the three excluded assets in the JV agreement. The project is 100% owned by Barrick and will benefit from the infrastructure within Nevada Gold Mines The other two excluded assets (Mike and Fiberline) are wholly-owned by Newmont Go
Slide 31: Nevada Gold Mines…best assets with best people
Nevada Gold Mines…best assets with best people to deliver best value to stakeholders Leadership team in place - One Team, One Mission Targeting production of 3.5 – 3.8 M oz/annum over next 5 years Identified synergies expected to deliver up to $500M/annum2 48.3M oz gold at 2.3 g/t in reserves1; sign
Slide 32: Turquoise Ridge/Twin Creeks
Turquoise Ridge/Twin Creeks One Team, One Mission
Slide 33: Twin Creeks – Over 30 Years of Profitable Mining
Twin Creeks – Over 30 Years of Profitable Mining Gold Fields Chimney Creek Discovered Gold Nevada Gold Mines Dec. 1984 SFPG Newmont & SFPG Twin Creeks/ Twin Creeks Twin Creeks Asset Exchange Merger Turquoise Ridge Santa Fe Pacific Gold Joint Venture June 1993 May 1997 Rabbit Creek 2019 Discovered Go
Slide 34: Turquoise Ridge/Twin Creeks Overview
Turquoise Ridge/Twin Creeks Overview Turquoise Ridge: One underground mine with shaft access Twin Creeks Ore processed at Sage Autoclave Turquoise Ridge Eight loaders and thirteen haul trucks Wells Elko Twin Creeks: Mega open pit Vista open pit Vista: underground mine with portal access Two shovels
Slide 35: Turquoise Ridge/Twin Creeks
Turquoise Ridge/Twin Creeks Need new stock icons Synergies Efficiencies Upside Potential Management • Removal of toll milling • 3rd Shaft Project at • Twin Creeks pit • Operating Turquoise agreement for Turquoise Ridge UG extensions Ridge and Twin Creeks Turquoise Ridge ore • Reduce COG at • Turquoi
Slide 36: Reduce the Input... Grow the Output
Turquoise Ridge Mining Cost Reduction Strategy REDUCE THE INPUT. . . Long Term (4+ Years) Infrastructure Mid Term (1 Year – 4 Years) Hoisting rates Ore handling Mining method optimization Fill rates Short Term (Present – 1 Year) Orebody domaining Increased bench height Bottleneck review and remediat
Slide 37: 3rd Shaft to Increase Future Productivity
3rd Shaft to Increase Future Productivity7 Economic Drivers Production pulled forward by means of higher production levels Increased hoisting capacity to 5,500 tonnes per day Increases the mining rate to 1.4 Mt/annum, up from 0.9 Mt/annum in 2019 Lowered operating costs Increased LOM ounces through
Slide 38: Turquoise Ridge - Multi Moz Growth Potential
Turquoise Ridge - Multi Moz Growth Potential TS1804C 4.4 m @ 8.3 g/t TU02664 7.9 m @ 8.3 g/t GP0331 39.7 m @ 12.1 g/t TU01034 41.1 m @ 27.4 g/t GP0331 39.7 m @ 12.1 g/t TU02926 TU02926 LHT15-0270 30.6 m @ 18.8 g/t 30.6 m @ 18.8 g/t 41.1 m @ 6.9 g/t TU02664 TU01034 7.9 m @ 8.3 g/t 41.1 m @ 27.4 g/t L
Slide 39: Twin Creeks – Site Overview
Twin Creeks – Site Overview Sage Mill Vista Pit Twin Juniper Mill UG Juniper Tailings Reclaimed West Pit Midway Leach Pad Waste Dump North Mega Pit To TRJV Backfill Dump Refractory Stockpiles Concurrent Reclamation South Mega Pit Piñon Tailings Sky Pond Leach Pad Mega Shop Bio-cells Piñon Mill Waste
Slide 40: Carlin
NEVADA GOLD MINE S&S Carlin One Team, One Mission
Slide 41: Goldstrike History
Goldstrike History 1918 Exploration activity in area for antimony 1962 Goldstrike discovered by Atlas 1976 Polar & Pancana start small heap leach 3,200 ozs 1982 Post discovered, 99M tonnes containing 3.5M ozs 1987 American Barrick acquires Goldstrike for $62M 1987 Betze and Screamer discovered 1988
Slide 42: Carlin History
Carlin History 1961 Original gold discovery - Carlin Deposit 1965 Mining began at the Carlin Deposit – 1st large open pit gold mine in the USA 1965 Mill 1 (Merrill-Crowe Oxide Mill) 1977 Maggie Creek discovered 1979 Gold Quarry discovered 1981 First heap leach (Maggie Creek) 1993 First underground i
Slide 43: History of Leeville
History of Leeville 1994 Discovery hole drilled 2002 Development of Leeville decline from Carlin East mine began 2003 Production Shaft #2 construction began 2004 Connection with underground workings and Vent Shaft #1 established 2006 Completion of Production Shaft #2 2008 Full production at 3,175 to
Slide 44: Carlin Underground Overview
Carlin Underground Overview Underground operations consist of six mines: Goldstrike: Portal and shaft access El Ninoa: Portal access in the South Arturo Pit Leeville: Shaft access with paste backfill El Nino Goldstrike UG Wells Exodus: Portal mine located in the Lantern pit Exodus Leeville Pete Bajo
Slide 45: Carlin Surface Overview
Carlin Surface Overview Carlin mining: South Arturo1 open pit Goldstrike open pit Genesis open pits (Silver Star, Gold Star, North Star) South Arturo Goldstrike Wells Gold Quarry open pit Genesis Elko Five shovels and twenty-seven haul trucks (Goldstrike/Arturo) Gold Quarry Includes five autonomous
Slide 46: Carlin
Carlin Need new stock icons Synergies Efficiencies Upside Potential Management • Integrated metal planning across • Optimize Mill 6 Roaster, mill, and • Major growth potential along trend • Consolidated Goldstrike and Carlin and including Cortez oxygen plant debottlenecking at Leeville North Carlin
Slide 47: Operating Synergies - Ore Routing
Operating Synergies - Ore Routing 1 Autoclave Ore Routing Pete R2 stockpile (Carlin) to Goldstrike Autoclave to extend acid life into Q2 2020 2 Continue Operating Mill 5 N Mill 5 provides sulphide concentrate Turquoise Twin Creeks to Mill 6, but was scheduled to shut Ridge Wells down in June 2019 Wi
Slide 48: Leeville - Utilizing Semi-Autonomous Equipment
Leeville - Utilizing Semi-Autonomous Equipment Semi-Autonomous Mucking Semi-Autonomous Drilling Initial state – Ran 2 CAT R1700 from underground Current state – Running 5 CAT R1600 from surface Achieved 100% of stope tons by semi-autonomous mucking in September 2018 and continues to present day One
Slide 49: Carlin Trend - Leeville to Pete Bajo
Carlin Trend - Leeville to Pete Bajo 49
Slide 50: Leeville Complex - Significant Growth Potential
Leeville Complex - Significant Growth Potential A B C North Southeast Greater Leeville Turf West Leeville Rita K Carlin East Full House Fence NHD-00277 1600 m 16.0 m @ 7.7 g/t Dp Srm Ov Ov Drc Dp Dp Dp Srm Srm 1400 m Dp CGX-00059 CGX-00059 AGR-02702 Srm RKX-00039 RKX-00012 6.3 m6.3@m5.4 @ 5.4 g/tg/t
Slide 51: Carlin Synergies
Carlin Synergies A A’ S N 1.0-3.0Mtonnes @ 1.5 - Tara 10 g/t Au, synergies currently not in the LOM A’ Tara Pit: Extending pit to the south across the former property A boundary 100m B B’ WSW ENE Deep Post: Access from Goldstrike Deep Post underground to access remnant mining B’ around the high-grad
Slide 52: North Carlin Trend
North Carlin Trend Deposit Footprint 10 km2 of underexplored opportunity in Goldstrike Stock Outline Little Boulder Surface the heart of the Carlin Trend Basin Covered 3 km Little Boulder Basin Goldstrike LBB-0100: 7.6 m @ 17.8 g/t Large area between giant deposits with only two drill holes through
Slide 53: Cortez
N EVA DA GOtuLD N E S Cortez One Team, One Mission
Slide 54: Cortez Mining History (1860 – present)
Cortez Mining History (1860 – present) 1860s Cortez Silver 1922 Gold Acres discovered – produced 1.1Moz 1966 Cortez Pits discovered – produced 868koz 1982 Horse Canyon discovered – production included with Gold Acres (~400koz of total) 1991 Pipeline discovered – produced 12.5Moz through 2018 1992 Cr
Slide 55: Cortez Overview
Cortez Overview Cortez mining: Pipeline open pit Crossroads open pit Cortez Hills underground mine with portal access Wells Elko Six shovels and forty-six haul trucks (open pit) Nine UG loaders and 13 haul trucks (underground) Robertson Cortez process: Pipeline Goldrush Cortez Hills Mill (81% - 85%
Slide 56: Cortez
Cortez Need new stock icons Synergies Efficiencies Upside Potential Management • Integrated metal planning • Optionality for transporting ore • Deep South • MRM role between Carlin and Cortez to Carlin • Exploration of Battle Mountain- • Integrated planning with Carlin • Shared mining equipment • Co
Slide 57: Deep South - Low Cost Ounces for 10+ Years
Deep South - Low Cost Ounces for 10+ Years8 Record of Decision has been received Contribute to Cortez F-Canyon Declines production from 2020 South Vent Raise Ramping up to ~150- 250koz from 2022 to North Vent Raise 2031 Average cost of sales5 of ~$650/oz All-in sustaining cost5 of ~$580/oz Middle Ra
Slide 58: Goldrush – Our Fourth Tier 1 Asset?
Goldrush – Our Fourth Tier 1 Asset3? Amended Plan of Operations document has been prepared and is ready for submission Reduced capital spend based on fit for purpose review Goldrush designed to incorporate proven automated mining methods from start of mining Optimized location for the paste plant se
Slide 59: Goldrush - Our Fourth Tier 1 Asset?
Goldrush - Our Fourth Tier 1 Asset3? Plan View N A 2400 m 2200 m FM19-29D 9.4m @ 36.2 g/t 2000 m FM19-49D 28.3m @ 26.5 g/t FM19-25D Fourmile 7.5m @ 29 g/t 1600 m Property Boundary 1400 m Goldrush 1200 m 1000 m GRC18-01 800 m 3.5m @ 9.3 g/t RHR10-22 6.1m @ 40.7 g/t Goldrush Potential Contained Ounces
Slide 60: Securing Future Upside at Fourmile
Securing Future Upside at Fourmile* Adding very high grade 5400 LEVEL GEOLOGY Highlights from Q3 to date FM19-43D 7.0m @ 67 g/t FM19-52D 7.3m @ 35.9 g/t At Fourmile, results returned from 22 advanced 5.3m @ 134.6 g/t exploration drill holesa FM19-63D Unfavorable Best ever intercept from Goldrush/Fou
Slide 61: New Discovery – High Grade on the Horizon
New Discovery* – High Grade on the Horizon A Tertiary A’ Rhyolite Upper Plate Fourmile Gravel Goldrush A’ 1 km FM19-11DW1a 10.7 m @ 24.8 g/t & 4.6 m @ 49.4 g/t & Fourmile* 6.1 m @ 21.2 g/t P & P Reserves Goldrush MII Resource Exploration Upside Mineralized footprint Area shown on previous slide A Ne
Slide 62: Third Party Data and Technical Information
Third Party Data and Technical Information Third Party Data Certain comparisons of Barrick, Newmont Goldcorp and their industry peers are based on data obtained from Wood Mackenzie. Wood Mackenzie is an independent third party research and consultancy firm that provides data for, among others, the m
Slide 63: Endnotes
Endnotes 1. The pro forma reserves and resources figures of Nevada Gold Mines were derived by adding the respective reserves and resources in respect of Nevada operations reported by Barrick in its 2018 Annual Information Form and Newmont in its press release dated February 21, 2019 reporting its 20
Slide 64: Endnotes
Endnotes 2. Synergies (or NPV of synergies) as used in this presentation is a management estimate provided for illustrative purposes, and should not be considered a GAAP/IFRS or non-GAAP/non-IFRS financial measure. "Synergies" represent management’s combined estimate of pre-tax synergies, supply cha
Slide 65: APPENDIX A – Leeville Complex Significant Intercepts
APPENDIX A – Leeville Complex Significant Intercepts Core Drill Hole1 Azimuth Dip From (m) To (m) Width (m)2 Au (g/t) 931.3 937.6 6.3 5.4 CGX-00059 64.1 -89.5 947 949.9 2.9 12.4 CGX-00008 30 -89 790 810.8 20.7 9.2 LUC-02716A 69 -78 97.6 109.1 11.6 22.2 CGX-00044 792.5 833 40.5 7.1 FCC-00151 349.9 -5
Slide 66: APPENDIX B – Goldrush/Fourmile Significant Intercepts
APPENDIX B – Goldrush/Fourmile* Significant Intercepts Core Drill Hole1 Azimuth Dip Interval (m) Width (m)2 Au (g/t) FM19-49D 303 -81 793.4 - 821.7 28.3 26.5 FM19-29D 180 -81 755.9-765.3 9.4 36.2 FM19-25D 8 -77 791.5-799 7.5 29.0 GRC18-01 106 -73 307.4 - 310.9 3.5 9.3 RHR10-22 187 -82 765.0-771.2 6.
Slide 67: APPENDIX C – Turquoise Ridge Significant Intercepts
APPENDIX C – Turquoise Ridge Significant Intercepts Core Drill Hole1 Azimuth Dip Interval (m) Width (m)2 Au (g/t) GP0207W1 255 -69 536.7-561.3 22.1 12.7 TU02926 105 -7 83.8-118.3 30.6 18.8 TU01034 271 -50 111.9-153.0 41.1 27.4 TU00233 90 +9 86.9-102.1 15.2 7.2 TU02664 28 -60 388.6-398.1 7.9 8.3 TS18
Slide 68: APPENDIX D – Carlin Significant Intercepts
APPENDIX D – Carlin Significant Intercepts Drill Hole1 Azimuth Dip Interval (m) Width (m)2 Au (g/t) TARA-0268 88 -71 181.3-198 16.8 6.7 TARA-0304 265 -61 234.7-262.1 27 4.3 DPC-0241 71 -56 335.6-355.1 16.8 24.5 DPC-0112 67 -57 334.6-351.4 19.5 29.9 GEN-01655 299 83 47.2-56.3 9.1 1.45 GEN-01654 93 73
Slide 69: APPENDIX E – Little Boulder Basin Intercepts
APPENDIX E – Little Boulder Basin Intercepts1 Historic Drill Results 1. All intercepts calculated using a 5 g/t Au Drill Hole2 Interval (m) Width (m)3 Au (g/t) cutoff and are uncapped; minimum intercept width is 0.8 m; internal dilution 1293.9 - 1296.2 2.3 12.4 is less than 20% total width 1322.5 -
Slide 70: APPENDIX F – Fourmile Significant Intercepts
APPENDIX F – Fourmile* Significant Intercepts1 Drill Results from Q3 2019 to date 1. All intercepts calculated using a 5 g/t Au Core Drill cutoff and are uncapped; minimum Hole2 Azimuth Dip Interval (m) Width (m)3 Au (g/t) intercept width is 0.8 m; internal dilution 1208.2 - 1209.7 1.5 8 is less tha
Slide 71: APPENDIX F – Fourmile Significant Intercepts
APPENDIX F – Fourmile* Significant Intercepts1 Drill Results from Q3 2019 to date 1. All intercepts calculated using a 5 g/t Au Core Drill cutoff and are uncapped; minimum Hole Azimuth Dip Interval (m) Width (m) Au (g/t) intercept width is 0.8 m; internal dilution 723.9 - 725.4 1.5 12.0 is less than
Slide 72: APPENDIX F – Fourmile Significant Intercepts
APPENDIX F – Fourmile* Significant Intercepts1 Drill Results from Q3 2019 to date 1. All intercepts calculated using a 5 g/t Au Core Drill cutoff and are uncapped; minimum Hole Azimuth Dip Interval (m) Width (m) Au (g/t) intercept width is 0.8 m; internal dilution is less than 20% total width 687.6
Slide 73: Nevada Gold Mines
Nevada Gold Mines Sage Autoclave Juniper Ode (Ct) “Current throughput: 3.58at/annum, ‘Current throughput: 0.8Mivannum (Cobdoerton Patoctave = at: li | Cire ocr creo Sao Po crew ——— one ct rat f | i iS = ee 2 eee | | Heap ewches 7 Twines ve sea renee ant —— “oe. qo | SEE: ‘atch Ty ' Sa = ome SSS H Cu
Slide 74: Twin Creeks Geology Overlook
Twin Creeks Geology Overlook 7474
Slide 75: Autoclave
Autoclave Viva GOLD MINES March 2019
Slide 76: Roaster
7” NS + 2.x Doubie Rotator 2 40,000 Hern * Wis 18 kWhit + P..= 74 MICRONS. March 2019
Slide 77: Mill 5
Mill 5 ROM Grinding Castal) oo 1SAG 5x Ball Mills 3 Carbon Handling Flotation x Flotation banks Concentrate for Mill 6 & Twin Leaching CIL Tanks (8) Refinery ‘4x Electrowinning Dore Bar Trains
Slide 78: Mill 6
Mill 6 Crushing Grinding Roasting X___ .gp ma Gas from Roasting Roaster(2) Coolers(2) - Gas Cleaning Cisne Tanks(4) Elemental Mercury Wet ESP Acid Plant cit tanks (10) (= ty Loaded Mill 6 Carbon Tails
Slide 79: Leeville Underground Mine
Leeville Underground Mine Ore Stacker Turf Shaft #3 Surface Pastefill Plant Vent Shaft #1 Production Shaft #2
Slide 80: Leeville - Paste Backfill
Leeville - Paste Backfill Pastefill Components Mill 4 Tailings Reclaim tailings during the summer months and stockpile for the year Limestone Aggregate Limestone from open pit 12.7 mm minus product Paste Plant Commissioned April 2016 Underground Reticulation Two boreholes from surface to underground
Slide 81: Leeville - Ventilation
Leeville - Ventilation Vent Shaft (#1) intakes 0.8M cfm Production Shaft (#2) intakes 0.9M cfm (primary escape) Air is heated in the winter by discharged mine water and/or natural gas heaters Turf Shaft (#3) exhausts 1.9M cfm Four 3,000 hp centrifugal fans – Currently only 2 running at any one time
Slide 82: Leeville - Support Mechanization
Leeville - Support Mechanization Designed and Implemented New Long Term Ground Support Systems Cable Bolts Nevada Bolts – Patent (Newmont) Implemented Mechanized Cable Bolter Developed New Resin Injection System SchoGun Head – Patent (Newmont)
Slide 83: Goldrush Overview
GOLDRUSH OVERVIEW P&P Reservesi: 1.99Moz (6.4Mt @ 9.69g/t); M&I Resourcesi: 9.35Moz (30.9Mt @ 9.40g/t); Inferred Resourcesi (including Fourmileii) : 3.55Moz (11.9 Mt @ 9.31g/t) Red Hill Reserves Resources (MI&I) YOU ARE HERE Exploration Upside A A’ 200m Upper Plate GT gram*meters Horse Canyon Fourmi
Slide 84: Fourmile Overview
Goldrush (Meadow) Section Goldrush (Red Hill) Section Fourmile Section FOURMILEi OVERVIEW W E W E W E Ov Qal Dhc Dw8 Dw5 Dw4 Srm Goldrush - Fourmile Oblique View Looking W-SW Goldrush – Meadow Goldrush - Red Zone Hill Zone Dw4 Mill Canyon Stock Fourmile Srm Ohc RED – 5 g/t Oe YELLOW – 1 g/t Fourmile
Slide 85: North Carlin Trend Overview
NORTH CARLIN TREND OVERVIEW Pete A’ Carlin Leeville LBB-0100i 7.6 m @ 17.8 g/t LBB-0102i 5.9 m @ 26.6 g/t YOU ARE HERE Meikle Genesis / Goldstrike Tristar A Tara / Bootstrap Arturo Google Earth Lithology Upper Plate (Ov, Ds Se) A A’ Arturo N ( ( ( Lower Plate Stratigraphy # # Rodeo Creek (Drc) (( (
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