Perpetua Resources Corp. · TSX:PPTA
Perpetua Resources — Investor Presentation (April 2023)
21 slides from Perpetua Resources's investor presentation, April 2023
Slide 1: Investor Webinar – April 2023
Investor Webinar – April 2023 N A S DAQ : P P TA T SX : P P TA Perpetua Resources Responsible Mining. Critical Resources. Clean Future.
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Information and statements contained in this presentation that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the
Slide 3: Cautionary Note & Technical Disclosure
CAUTIONARY NOTE & TECHNICAL DISCLOSURE The presentation has been prepared by Perpetua Resources management and does not represent a recommendation to buy or sell these securities. Investors should always consult their investment advisors prior to making any investment decisions. All references to “d
Slide 4: Why Perpetua Resources?
WHY PERPETUA RESOURCES? ✓ Redeveloping one of largest, highest grade and lowest cost gold projects in the U.S.* ✓ Superior project economics with ~15 year reserve life and <3 year payback period * ✓ Establishing a national strategic asset with a critical mineral essential for national defense and th
Slide 5: The Stibnite Gold Project
THE STIBNITE GOLD PROJECT Our goal is to transform an area abandoned after 100 years of mining activity into a national strategic asset for critical mineral and gold production through responsible mining and a sustainable approach to restore the environment for the benefit of all stakeholders. 5
Slide 6: Largest Independent U.S. Gold Reserve
LARGEST INDEPENDENT U.S. GOLD RESERVE 1 Independent Gold Project Mineral Reserves1 2 Perpetua (Stibnite) 4.8 Castle Mountain 4.2 Marigold 2.8 Haile 2.5 Round Mountain 2.2 DeLamar 1.8 South Railroad 1.6 Florida Canyon 0.9 Wharf 0.9 Hasbrouck 0.8 Bald Mountain 0.6 Mesquite 0.5 0.0 1.0 2.0 3.0 4.0 5.0
Slide 7: Expected to Average ~35% of U.S. Demand
EXPECTED TO AVERAGE ~35% OF U.S. DEMAND1,2 Stibnite Gold Project Recovered Antimony2 60,000,000 50,000,000 2022 U.S. Annual Consumption1 40,000,000 Antimony (lbs) 51% 30,000,000 44% 33% 34% 20,000,000 21% 15% 10,000,000 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Stibnite Gold Project - Year of Oper
Slide 8: Establishing a National Strategic Asset
ESTABLISHING A NATIONAL STRATEGIC ASSET ANTIMONY - IT’S CRITICAL ✓ Essential to economic and national security USES FOR ANTIMONY ✓ U.S. has no domestic mined production ✓ Clean energy & national defense applications ✓ China & Russia dominate the world supply (>70%) Energy World Antimony 2022 Product
Slide 9: Defense Production Act (DPA) Award
DEFENSE PRODUCTION ACT (DPA) AWARD Critical minerals award of up to $24.8 million to advance construction readiness and permitting ✓Up to $24.8 million to complete environmental and engineering studies necessary to obtain a Final EIS, Final Record of Decision and other ancillary permits ✓Funding all
Slide 10: Gaining Momentum with Near-Term Catalysts
GAINING MOMENTUM WITH NEAR-TERM CATALYSTS Recent Accomplishments: Anticipated Milestones1: ✓ Signed Antimony agreement with Ambri (Aug 2021) ❑ Final Environmental Impact Statement & Draft Record of Decision (Dec 2023)2 ✓ Launched Sustainability Roadmap (Apr 2022) ❑ Final Record of Decision (Mar 2024
Slide 11: Restoring an Abandoned Brownfields Site
RESTORING AN ABANDONED BROWNFIELDS SITE ENVIRONMENTAL SOLUTIONS FUNDED THROUGH MINE DEVELOPMENT SEDIMENTATION METAL LEACHING BLOCKED FISH MIGRATION Early repair of the largest Pick up, reprocess, reuse and Re-establish fish migration and provide source of sedimentation safely store 10.5M tons of tem
Slide 12: Valuation Expected to Re-Rate Once Permitted
VALUATION EXPECTED TO RE-RATE ONCE PERMITTED 100% Pre-Permitting Permitted Market Cap As % of Spot NAV3,4 67% 63% 50% 44% 42% 37% 16% 9% 0% 1,2 Integra Perpetua Skeena Artemis Marathon NovaGold Ascot 1. Perpetua Resources market cap based on fully diluted market cap using closing price as of April 2
Slide 13: Exposure to Gold at Attractive Entry Price
EXPOSURE TO GOLD AT ATTRACTIVE ENTRY PRICE Leading Gold Reserves per share… …at an attractive price per gold Reserve ounce Perpetua1 73 Ascot $229 NovaGold 49 Skeena $191 Artemis 34 NovaGold $113 Skeena 34 Artemis $100 Integra 21 Marathon $98 1 Marathon 7 Perpetua $64 Ascot 2 Integra $30 - 20 40 60
Slide 14: Lowest Quartile All-In Sustaining Costs
LOWEST QUARTILE ALL-IN SUSTAINING COSTS 1 Among lowest cost North American developers… …and lowest cost relative to senior producers 3 3 Perpetua (Stibnite) Yrs 1-4 $438 Perpetua (Stibnite) Yrs 1-4 $438 3 Perpetua (Stibnite) LoM $636 3 Perpetua (Stibnite) LoM $636 Skeena (Eskay Creek) $652 Novagold
Slide 15: High-Grade, Open Pit Gold Deposit
HIGH-GRADE, OPEN PIT GOLD DEPOSIT Independent Open Pit Gold Deposits1 2 Perpetua (Stibnite) Yrs 1-4 2.2 Haile 1.7 2 Perpetua (Stibnite) LoM 1.4 Wharf 0.9 South Railroad 0.8 Round Mountain 0.7 Hasbrouck 0.6 Castle Mountain 0.5 Bald Mountain 0.5 Mesquite 0.5 Marigold 0.5 DeLamar 0.5 Florida Canyon 0.3
Slide 16: Poised to Be One of Largest U.S. Gold Mines
POISED TO BE ONE OF LARGEST U.S. GOLD MINES Independent Projects and Producing Gold Mines1 Perpetua (Stibnite) Yrs 1-4 3 463 3 Perpetua (Stibnite) LoM 297 Round Mountain 226 Bald Mountain 214 Marigold 195 Haile 176 South Railroad* 124 Mesquite 124 DeLamar* 110 Wharf 80 Hasbrouck* 70 Florida Canyon 4
Slide 17: Significant Leverage to Higher Gold Prices
SIGNIFICANT LEVERAGE TO HIGHER GOLD PRICES TRADING AT DEEP DISCOUNT TO PROJECT NET PRESENT VALUE 1 $2,350 $4,603 $2,943 Gold Price (US$/oz) $2,100 $3,815 $2,404 $1,850 $3,026 $1,864 $1,600 $2,232 NPV at 0% $1,320 NPV at 5% $1,350 $1,434 $771 Perpetua Mkt Cap2 $307 Current Mkt Cap2 Only 16% of NPV2 (
Slide 18: A Unique American Opportunity
A UNIQUE AMERICAN OPPORTUNITY ✓ Redeveloping one of largest, highest grade and lowest cost gold projects in the U.S.* ✓ Superior project economics with ~15 year reserve life and <3 year payback period * ✓ Establishing a national strategic asset with a critical mineral essential for national defense
Slide 19: Thank you.
Investor Webinar – April 2023 N A S DAQ : P P TA T SX : P PTA Thank you. www.perpetuaresources.com Twitter: @Perpetua_Idaho info@perpetuacorp.us Facebook: @PerpetuaResources LinkedIn: Perpetua Resources Tour the Stibnite Gold Project Virtually: www.perpetuaresources.com/virtual-site-tour/
Slide 20: Regulatory Information
REGULATORY INFORMATION The FS was compiled by M3 Engineering & Technology Corporation (“M3”) in accordance with NI 43-101 under the direction of independent qualified persons (as defined in NI 43-101) (“Independent QPs”). Independent QPs for the FS include: Richard Zimmerman, SME-RM (onsite and offs
Slide 21: Non-GAAP Measures
NON-GAAP MEASURES NON-GAAP MEASURES To provide investors with additional information in connection with our results as determined in accordance with generally accepted accounting principles in the United States (“GAAP”), we disclose certain projected non-GAAP financial measures. The projected non-GA
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