Unigold Inc. · TSXV:UGD
Unigold — Investor Presentation (January 2023)
28 slides from Unigold's investor presentation, January 2023
Slide 1: Moving to Development in the Caribbean
TSX.V: UGD OTCQX: UGDIF FSE: UGB1 CORPORATE PRESENTATION ⏐ CANADA MOVING TO DEVELOPMENT IN THE CARIBBEAN January TSX.V:2023 UGD Corporate Presentation unigoldinc.com 1
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements contained in this presentation, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securi
Slide 3: Why Invest in Unigold
WHY INVEST IN UNIGOLD PERMITTING SULPHIDE PROJECT Application for an 2.2 million ounce Exploitation resource provides Concession is in final possible expansion stages of review by and mine-life Dominican extensions Government PATH TO PRODUCTION OXIDE PROJECT HIGHER GRADE Feasibility on stand- Low Ca
Slide 4: Capital Structure
CAPITAL STRUCTURE TSX.V: UGD OTCQX:UGDIF Shares Outstanding 207,462,643 Warrants (June 2023, avg $0.30) 16,629,167 Warrants (August 2023, avg $0.30) 12,596,175 Warrants (September 2023, avg $0.30) 9,900,000 Warrants (November 2023, avg $0.30) 6,875,000 Options (avg life 2.63 years, age strike C$0.21
Slide 5: Location and Infrastructure
LOCATION AND INFRASTRUCTURE The Neita Fase II concession has been split into 2 pieces: • Neita Norte – exploration • Neita Sur – exploitation Closest port is at Monte Cristi, (80 km north) or Puerto Plata (190 km northeast) Closest international airport is at Puerto Plata or Santiago (160 km east) P
Slide 6: Candelones Deposit
CANDELONES DEPOSIT There are 16 m @ 10.78 g/t Au two distinct projects at Candelones: • Oxides at surface Candelones Main: Oxides and • Sulphides underlying sulphides to the east Candelones Extension: Sulphides, possible oxides further to the east TSX.V: UGD unigoldinc.com 6
Slide 7: May 2021 Sulphide Mineral Resource Estimate
May 2021 Sulphide Mineral Resource Estimate NSR$ Tonnes AuEq oz Au oz Ag oz Cu lb Strip Deposit Mining Method Category Cut- AuEq g/t Au g/t Ag g/t Cu % (x1,000) (x1,000) (x1,000) (x1,000) (x1,000) Ratio off Measured 20 6,280 2.22 1.9 3.28 0.18 449 383 662 25,042 Indicated 20 13,098 1.63 1.4 4.18 0.1
Slide 8: October 2022 Oxide Mineral Resource Estimate
October 2022 Oxide Mineral Resource Estimate These are in addition to Sulphide resources Tonnes Au oz Deposit Mining Method Mineralization Type Category COG Au g/t Strip Ratio (x1,000) (x1,000) OB (Heap Leach) 15 0.68 0 Measured 2,527 0.83 67 Oxide (Heap Leach) 0.2 2,444 0.6 47 OB (Heap Leach) Indic
Slide 9: October 2022 Oxide Reserve Estimate (US$1650)
October 2022 Oxide Reserve Estimate (US$1650) Mining Tonnes Au oz Strip Deposit Mineralization Type Category COG Au g/t Method (x1,000) (x1,000) Ratio OB - - - Oxide Proven 2,564 0.79 65 0.208 Transition - - - Total Proven 2,564 0.79 65 Oxides Open Pit OB - - - 0.4 Oxide Probable 2,384 0.57 43 0.337
Slide 10: Oxide Target
OXIDE TARGET Candelones Hill Looking South Open Pit Area Heap Leach Area TSX.V: UGD unigoldinc.com 10
Slide 11: Oxide Project Site Layout
Oxide Project Site Layout Design includes: • 20-day ore stockpile Heap Leach • Conveyor Facility stacking • Agglomerator Open Pit • Ponds capacity is 240 million litre (120% of 100-year event) • Standard ADR plant TSX.V: UGD unigoldinc.com 11
Slide 12: Oxide Project Metallurgy Results
Oxide Project Metallurgy Results • Over 90% gold recovery achieved in column tests • Leaching time is a function of size distribution of feed Test units Phase 1 Phase 2 Phase 2 Phase 3 Phase 3 Oxide Oxide Oxide CM-18 CZ-18 Crush size 87%< 2.0 mm < ¾” < ½” ROM ROM Gold head grade g/t 0.59 1.25 0.80 1
Slide 13: Oxide Project Production and Capital Cost
Oxide Project Production and Capital Cost Total mineralized material mined (000 t) 5,597 Total waste (000 t) 2,232 • Engineered pits contain Average grade (Au g/t) 0.67 121,350 ounces (93% Total gold contained (oz) 121,350 conversion of resources) Total gold produced (oz) 102,970 Average Gold recove
Slide 14: Oxide Project Capital Cost Breakdown
Oxide Project Capital Cost Breakdown • Contract Mining is Capital Costs (US$M) Pre-Production Sustaining Total assumed Mining $1.71 $0.94 $2.65 • Contract fleets are ADR Processing Plant $9.97 $9.97 available in-country Leach Facility, Infrastructure $16.40 $16.40 • Leach Pad, ponds and EPCM, Indire
Slide 15: Oxide Project Production Cost
Oxide Project Production Cost • Feasibility includes a 10% per US$MM royalty in calculations tonne • Actual Royalty burdens Mining Cost (US$M) $23.10 $4.13 include only 5% government Processing Cost (US$M) $31.10 $5.55 royalty (minimum tax) and General & Administrative (US$M) $7.30 $1.31 the possibi
Slide 16: Oxide Project Financial Projections
Oxide Project Financial Projections LOM: Gross Revenue * (US$M) $169.9 Minimum Tax/Royalty/Community Burdens $17.0 EBITDA Net Cash Operating Margin $90.6 Direct Taxes $8.8 Net Cash Flow from Operations After-Tax $81.8 After-Tax returns Total Capital Cost including sustaining and closure costs $42.0
Slide 17: Oxide Project – Next Steps
Oxide Project – Next Steps Conversion of Neita Sur into Exploitation Concession • Application submitted in Q1 2022 • Application has been reviewed by Mining Directorate and passed to the Ministry of Energy and Mines • Ministry of Energy and Mines has substantially completed their review • Ministry o
Slide 18: Sulphide Deposit
SULPHIDE DEPOSIT The Sulphide Resources represent an opportunity to significantly extend the operations at Candelones. The Candelones Extension deposit is to the east of the stand-alone Oxide oxide project area. Project Open Pit Significant high-grade intercepts were encountered during drilling in 2
Slide 19: Candelones Deposit
CANDELONES DEPOSIT Significant Intersections from drilling 2016-2020 Target A Target B Target C • 30.0 m @9.02 g/t Au, 0.6% Cu • 18.5 m @ 10.18 g/t Au, 1.52% Zn • 34.9 m @ 6.19 g/t Au, 0.6% Cu • 7.0m @ 21.9 g/t Au, 2.7% Cu • 15.8 m @ 11.36 g/t Au, 0.4% Cu • 34.0 m @ 4.15 g/t Au, 0.4% Cu • 15 m @ 16.
Slide 20: Sulphide Target
SULPHIDE TARGET Conceptual Sulphide Production • The 2021 Mineral Resource Estimate (Micon) indicates a conceptual sulphide exploration target at Candelones Extension of 4.0 to 5.0 million tonnes averaging 4.0 to 5.0 g/t at a theoretical cutoff grade of 2.7 g/t Au (~$150/t). 4.3 g/t average grade •
Slide 21: 2023 Objectives
2023 Objectives Convert Neita Sur into an Exploitation Concession • gives the Company a 75-year tenure and the sole right to extract minerals from the 9,990 Ha area • Fixes the fiscal treatment for 25 years Complete ESIA and obtain construction permits for Candleones • ESIA will commence once the ex
Slide 22: Appendices and Notes
Appendices and Notes TSX.V: UGD unigoldinc.com 22
Slide 23: Notes relating to Sulphide Mineral Resource Estimate
Notes relating to Sulphide Mineral Resource Estimate 1. Mineral resources were estimated by Mr. W. Lewis, P.Geo. and Mr. A. San Martin, MAusIMM(CP) of Micon International Limited. (“Micon”), a Toronto based consulting company, independent of Unigold. Both Mr. Lewis and Mr. San Martin meet the requir
Slide 24: Notes relating to Oxide Mineral Resource Estimate
Notes relating to Oxide Mineral Resource Estimate 1. The updated Oxide Mineral Resource Estimate is reported using two different cut-off grades: 0.21 g/t Au for the Oxide rock and 0.34 g/t Au for the Transition rock, both cut-offs for an open pit mining scenario. The oxide resources are inclusive of
Slide 25: Notes relating to Oxide Mineral Reserve Estimate
Notes relating to Oxide Mineral Reserve Estimate 1. The oxide Mineral Reserves Estimates are reported at two different cut-off grades: 0.208 g/t Au for the Oxide and 0.337 g/t Au for the Transition, both for surface mining scenario. 2. The cut-off grade was calculated using a gold price of US$1,650
Slide 26: Management
MANAGEMENT Gordon Babcock, P. Eng. Joseph Hamilton, P. Geo, CFA VP Exploration Donna McLean Chairman of the Board of Directors Mr. Babcock is a mining executive with over 35 years Chief Financial Officer and Chief Executive Officer of experience in underground and open pit mine management, project d
Slide 27: Board of Directors
BOARD OF DIRECTORS Joseph Hamilton, Charles Page, Joseph Del Campo, CPA, CMA Steven Haggarty, P.Eng. Normand Tremblay P. Geo, CFA M.Sc., P.Geo. Director Director Director Chairman of the Board of Lead Director Audit Committee Chairman Mr. Haggarty is the Managing Mr. Tremblay is the former CEO of Di
Slide 28: Contact Information
TSX.V: UGD unigoldinc.com CONTACT INFORMATION Ste. 2704 – 401 Bay St. Joseph Hamilton P.O. 4 Chairman & CEO Toronto, Canada M5H 2Y4 jhamilton@unigoldinc.com unigold@unigoldinc.com