U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Investor Presentation (October 2020)
31 slides from U.s. Gold's investor presentation, Oct 6, 2020
Slide 1: Slide 1
Slide 2: Forward Looking Statements
Forward Looking Statements ‘TERMS OF USE AND DISCLAIMER - This peeseantion «being provided forthe sole prcpote of providing the secipients with backgconad infoumation boot US. Gold Corp. (‘US. Gold”). US. Gold Cosp, has made sexsomableeffocts to enswce that the infoumation contained in this presenta
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 District-Scale Exploration CK Gold Project — WY* Advanced Exploration and Development property Mining friendly location
Slide 4: U.S. Gold Corp. Overview
U.S. Gold Corp. Overview Extremely tight share structure and listed on NASDAQ Structure (October 2, 2020) |_Common shares outstanding | 3,653,398 | NASDAQ | ~ Series H Preferred | 106,894 | | USAU | |._seveneeibsereren | maid | | S2-week: stock range $260-$1443 | Waurants* | 1,008,333 | [wan = | |p
Slide 5: Strengthened Management Team
Strengthened Management Team Prior experience: ws BARRICK @ PURELIAN » George Bee joined USAU as President after the acquisition of Northern Panther Resource Corporation (mid August, 2020) George Bee is one of the mining industry's most accomplished mine developers and operators spanning a 40-yr car
Slide 6: Slide 6
Slide 7: Overview
CK Gold Project Overview Delivering substantial value and targeting near-term production = The CK Gold Project (formerly Copper King) is a development stage, gold-copper-silver-zine project located in the Silver Crown Mining District, Wyoming = The project offers potential near-term production as we
Slide 8: Claims & Location
CK Gold Project Claims & Location COPPER KING * e Wi lized Area 43-101 Located in Southeast Fa clei coursiay Wyoming, 20 miles west of || FrownshiprRenge Cheyenne (sections ” noproximate Fauit Location Wyoming is ranked the 7th most mining friendly jurisdiction in the world (Fraser Institute) Claims
Slide 9: Resource Estimate (2012)
CK Gold Project Resource Estimate (2012) Measured 0.009 = 0.32 0.103 15,130,000 1: 0018 0.62 0 0.198 60,120,000 Indicated a 0.30 a 44,620,000 40,480,000 0.014 0.48 654,000 0.182 162,880,000 Inferred 0.008 = 0.26 0.136 15,620,000 14,170,000 0011 0.38 174000 0.200 62,530,000 = 2012 resource defined by
Slide 10: PEA 2017 on 2012 Resource
CK Gold Project PEA 2017 on 2012 Resource* 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: Results Projected Production and Processing Summary K Gold Project Pre-Tax Econon
Slide 11: PFS Expectations
CK Gold Project — PFS Expectations Anticipated Improvements * — Increase to resource base * Gold and Copper Recovery * Better revenue delivery from a phased mining plan * Improve DCF on production increase * Simple process flow sheet: gravity, flotation recovery and dry-stack tailings * Bi-product c
Slide 12: Recent Findings
CK Gold Project - Recent Findings Abundant Native Copper in Confirmed consistent widespread Oxidized Zone disseminated nature of sulfide mineralization and evidence of some sulfide on quartz veins Native copper will have negatively impacted prior (2009) copper recovery in the oxide and mixed zone Go
Slide 13: Favorable Factors
CK Gold Project: Favorable Factors Factors relative to other projects that bode well * Proximity to power supply * Proximity to water supply * Location is not remote from support services, workforce and infrastructure * ~ 2-miles from rail head and major interstate highway * Potential post mine land
Slide 14: Internal Update March, 2020
CK Gold Project Internal Update March, 2020°* On March 24 2020, US. Gold Corp. announced an internal update of the CK Gold Project potential economics at $1600 Gold and $2.80 Copper showing the below metrics: Base Case Gold price (US$/ounce) $1,600 Copper Price (US$/Ib) $2.80 Pre-Tax Cash Flow $510.
Slide 15: 2020 Drilling Program
CK Gold Project 2020 Drilling Program Development and Resource Expans CK Gold Project drilling program for 2020 co of 23 drill hok for metallurg: geotechnical, hydrological and resource expansion purposes. Primary focus of 2020 expansion drilling is at the southeast end of the deposit, where it is l
Slide 16: Datamine Exploration Model
Datamine CK Gold Project Exploration Model Gold Isoshell 4 Copper Isoshell Facing North Facing North Zine Isoshell Facing North Silver Isoshell Facing North bet
Slide 17: 2020 PFS/Exploration Plans
CK Gold Project 2020 PFS/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 further to the SW (as exhibited by 2017 & 2018 dri
Slide 18: Nevada and Idaho Exploration Overview
Nevada Gold Cortez Complex Nevada Gold Goldrush _ Nevada and Idaho Exploration Overview — Discovering the next gold districts on the Cortez and Carlin Trends in. Nevada aa stk Brg (US. GOLD!
Slide 19: Nevada Projects Location
Nevada Projects Location Nevada — renowned gold mining jurisdiction = Produced ~5.6 M oz of gold produced in 2017 - approx. 75% of U.S. gold production! = The Sth largest gold producing “country” in the world = Historically, Nevada has produced > 225M oz of gold = “Elephant country”: numerous > 20M
Slide 20: 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”: Baxrrick’s Pipeline: ~21+ M oz gold Barrick’s Cortez Hills: ~15+ M oz gold Bar
Slide 21: Keystone Project Overview
Keystone Project Overview a = 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 exploration techniques = Hosts many of the same characteristics of the m
Slide 22: Keystone 2019 Drilling Stratigraphy
Keystone 2019 Drilling Stratigraphy > USAU 2019 Keystone Drilling program: KEYSTONE > One core hole Key19-01c STRATIGRAPHIC, & > Sis reverse-circulation holes (tc) SECTION > Total of 13,177 feet (4,016 meters) > Focused on 4 target areas: 2019 Phase One Drill Holes i § Key 9.0246 Eocene Voleanies (I
Slide 23: Keystone Exploration 2019
Keystone Exploration 2019 Ww “ou osre 2308 0255 gp An E Keystone moved from scout hole drilling to [sw targeted drilling— vectoring into discovery e . A z : & ~ : 6 z 5 2 & eilécesn 0 (enone ; LL Cn, “Me 1g? = 2019 targeted drilling of 7 holes i wean. asomig yO ; . — > High priority targets to follo
Slide 24: Keystone Project Arsenic Geochem
Keystone Project Arsenic Geochem = Arsenic in soils shown, yellow is > 50 ppm, red is >250 ppm = 4,474 soil samples and 666 stream sediment samples taken to date = Most soil samples collected on a 400 ft X 400 ft grid, with more detailed areas 200 X 200 feet, and in some cases 50 X 200 feet = Note a
Slide 25: Maggie Creek
Maggie Creek > US. Gold Corp. acquired Orevada Metals, Inc. through a share exchange in September, 2019 > USAU has an option to acquire the Maggie Creek claims from Renaissance Gold > USAU can earn up to 70% interest in the Maggie Creek project > USAU issued 2mm shares to the prior shareholders to a
Slide 26: Maggie Creek Opportunity
Maggie Creek Opportunity Approximately three square miles of unpatented mining claims on the Carlin Trend next to the giant Gold Quarry deposits (26 M oz Au) Classical structure and stratigraphy that hosts the majority of Au ounces on the Carlin Trend Numerous ore grade and anomalous Au intercepts i
Slide 27: Challis Gold Project - Idaho Is A Mining State
Challis Gold Project - Idaho Is A Mining State US. GOLD Challis Gold Project is located about 75 kms SW of Salmon, ID and 20 kms SW of Revival Gold’s Beartrack Project, within the q Tertiary Challis Volcanic Field Challis Gold is a low sulfidation, Au-Ag epithermal vein and stockwork deposit localiz
Slide 28: 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 ~ $33 million LGD: 355M KOR: 344M. MARKET CAP USAS: COMPARISON Comparing US. Gold Corp. to explorers / developers focused on the Americas? M
Slide 29: Directors, Management & Technical Advisory Team
Directors, Management & Technical Advisory Team John N. Braca Edward M. Karr The Honorable Ryan K. Zinke Timothy M. Janke Andrew Kaplan Douglas Newby Management Team George Bee President Edward Karr CEO David Rector coo Exic Alexander CFO, Secretary Ken Coleman Senior Project Geologist Technical Adv
Slide 30: The U.S. Gold Corp. Opportunity
The U.S. Gold Corp. Opportunity Extremely tight share structure & advancing world-class assets Promising portfolio, in stable and mining friendly U.S. jurisdictions. The portfolio offers investors both potential near-term production and sizeable blue-sky exploration Team of renowned explorers and pr
Slide 31: Development Package
- DEVELOPMENT PACKAGE _ | Exciting combination of a ‘Top quality U.S. Gold Corp. is a US later stage development ‘management and based company, listedon _|] for the current resource asset and multiple advisory team with a major US Exchange — and valuation upside ~— exploration blue sky pedigrees of