Contango Silver & Gold Inc. · AMEX:CTGO
Contango Silver & Gold — Contango ORE — Investor Presentation (January 2024)
24 slides from Contango Silver & Gold's investor presentation, Jan 19, 2024
Slide 1: Building Alaska's Next Gold Mines – Corporate Presentation
NYSE-A: CTGO BUILDING ALASKA’S NEXT GOLD MINES January 2024 Corporate Presentation Exhibit 99.1
Slide 2: Investment Highlights
Alaska considered one of the top 10 jurisdictions in the world for mining investments1 Manh Choh Mine - One of the world’s highest grade open pit gold mines (8 g/t expected average grade) We believe the following factors significantly de-risk the Manh Choh project: Agreement in place with Tetlin Ala
Slide 3: Developing Alaska's Next Gold Mines
Lucky Shot Mine – Initial Resource 100% owned Exploring historic high-grade gold mine Permitted for mining 106,000 Oz Indicated Resource grading 14.5 g/t Au Reserves/Resources Exploration Stage Fort Knox Mill Developing Alaska’s Next Gold Mines 3 Manh Choh Mine – Mining and Stockpiling Ore Underway
Slide 4: Capital Structure
Institutional Retail / Others Directors & Officers (Insiders) TRADING - NYSE AMERICAN: CTGO1 90-Day Avg. Daily Volume 44,519 shares per day 52-week range US$14.03 - $33.67 Market Cap $150 M *Russell 3000 Inclusion - June 26, 2023 CAPITAL STRUCTURE2 Issued & Outstanding 9.6 M Warrants 0.4 M Options 0
Slide 5: Manh Choh Update – Groundbreaking Ceremony
Manh Choh Update – Groundbreaking Ceremony Mining Operations Initiated 5
Slide 6: Manh Choh Update – Mining Underway
Manh Choh Update – Mining Underway 6
Slide 7: Ahead of Schedule and Still On Budget
7 Ahead of Schedule and Still On Budget 7
Slide 8: Ore Stockpiling at Fort Knox Underway
Loading and Weighing Manh Choh Ore and then transporting Fort Knox stockpile site – processing to begin in 2024 Ore Stockpiling at Fort Knox Underway 8
Slide 9: Mill Modifications at Fort Knox Completed
9 9 Completed Completed Mill Modifications at Fort Knox Completed
Slide 10: Model Assumptions per Contango Manh Choh SK 1300 Report
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 67,500 GEO/Yr)1 Average processed grades expected
Slide 11: Manh Choh Development Timeline
DRILLING SCOPING STUDY PERMITTING & FEASIBILITY PRODUCTION DETAILED DESIGN PROCUREMENT CONSTRUCTION Approximately $19 M program in 2021 which included resource in-fill, hydrology, geotechnical, metallurgical engineering; environment and community outreach Tetlin Tribe indicates their support for the
Slide 12: Illustrative Economics at Select Gold Prices
Illustrative Economics at Select Gold Prices1 At gold spot price ($1,920/Ounce) as of July 10, 2023 $129 M+ of annual revenue $54 M+ of annual cash flow 1 See Contango’s SK1300 Manh Choh Technical Report Press Release dated May 26, 2023; Initial capex reflects the Kinross feasibility study reported
Slide 13: Manh Choh Project and Surrounding Targets
Main MC North MC $4.7 Million Exploration Program Budgeted for 2024 Continued exploration drilling for new resources in Chief Danny area Further evaluation of 685,000 acre Manh Choh project Follow-up regional stream sediment sampling anomalies Trenching Continued geologic mapping Follow-up on detail
Slide 14: Early-Stage Exploration Projects
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 Luck
Slide 15: Lucky Shot Vein: Overview
Coleman Adit Lucky Shot “500” Adit War Baby Adit Looking NNE Enserch Tunnel Lucky Shot Vein 15.6 g/t Au = ½ Oz/ton Au1 +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-su
Slide 16: 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 Coleman Lucky Sh
Slide 17: Coleman Segment of Lucky Shot Vein: Infill and Expand Resource
Coleman Segment of Lucky Shot Vein: Infill and Expand Resource Large multi-drill hole pad established Drill on Deck and drilling away end of August
Slide 18: Coleman Segment of Lucky Shot Vein: Infill and Expand Resource
? Coleman Segment of Lucky Shot Vein: Infill and Expand Resource 18 Objectives: Upgrade 100,000 Oz Indicated Resource to Measured category Increase M&I resource to 150,000 Oz Evaluate mine optimization from Enserch Tunnel Assess continued exploration opportunities Classification Tonnes Au Grade (g/t
Slide 19: Lucky Shot Vein: Exploration Open Along Strike and Down Dip
Oblique View of Lucky Shot Segment – Looking NE Lucky Shot Vein: Exploration Open Along Strike and Down Dip 19 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 Lucky Shot Segment of Lucky Shot Vein
Slide 20: Lucky Shot Vein: 300,000 to 400,000 oz Potential
Planned In-Fill Drill Program for 15-20 Meter spacing Looking Southwest Lucky Shot Vein: 300,000 to 400,000 oz Potential 20 Hangingwall Drilling Objective: Define 100,000 to 150,000 oz Indicated Resource Exploration Drill Program Objectives Coleman Drilling – 120,000 to 150,000 oz (M&I) Footwall Dri
Slide 21: Corporate Strategy: The Lassonde Curve
Corporate Strategy 21 The Lassonde Curve - The Challenge…..and the Opportunity Time
Slide 22: Corporate Strategy: The Challenge and the Opportunity
Corporate Strategy The Lassonde Curve - The Challenge..…and the Opportunity Contango Value TargetCo Value Target Acquisitions to focus on: Quality Ounces brings leverage to gold price Mining friendly jurisdictions can be permitted Existing infrastructure Potential for DSO* and/or to use under-ut
Slide 23: Thank You
THANK YOU 23 Corporate Inquires:info@contangoore.com+1-907-888-4273www.contangoore.com Twitter: @orecontangoLinkedIn: Contango OREInstagram: ContangoOREFacebook: Contango ORE
Slide 24: This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA,
This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources and EBITDA, which are financial measures not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot provide a reconciliation of estimated AISC, resourc