Bravada Gold Corporation · TSXV:BVA
Bravada Gold — Investor Presentation (August 2024)
32 slides from Bravada Gold's investor presentation, August 2024
Slide 1: Nevada-focused, Science-based Exploration
Nevada-focused, Science-based Exploration Wind Mountain Open Pit NEVADA FACTS • Produces ~5MM oz Au/year, ~7% of the world total, ~1/4 from underground mines • Proven + probable gold reserves are stable, ~75MM ounces, replacing production nearly every year •Stable environmental regulations, economy
Slide 2: Forward-looking Statement
Forward-looking Statement Some of the statements contained in this presentation may be deemed “forward-looking statements.” These include estimates and statements that describe the Company’s future plans, objectives or goals, and expectations of a stated condition or occurrence. Forward-looking stat
Slide 3: Bravada’s Value Proposition
Bravada’s Value Proposition An attractive portfolio of Nevada gold/silver properties Primary premise: New discoveries are getting harder to find worldwide; however, science-based, conceptual exploration and persistence continue to be rewarded with major new discoveries • We focus on Nevada, one of t
Slide 4: Why Explore in Nevada?
Why Explore in Nevada? Large, high-grade discoveries still being found, often beneath “barren” rock Anglo’s Merlin Discovery now Bonanza-grades in hydrothermal breccia, this from 621m 9.02M ounces gold & growing Core Rigs Gold ~250m below “barren” surface Anglo’s Silicon Discovery in Nevada Discover
Slide 5: Another Recent Success in Nevada
Another Recent Success in Nevada Hecla Mining Releases First Quarter Exploration Report (5 oz/ton Gold over 13 Feet at Green Racer Sinter) – News Release May 18, 2021 Modern mining began 1997, latest discovery 23 Not drilled until 2020 because “no gold at surface” years later in December (max ~0.3g/
Slide 6: Bravada’s Nevada Projects, Newly Staked East Walker Property
Bravada’s Nevada Projects, Newly Staked East Walker Property Always Looking to Acquire Exceptional New Projects Shoshone Pediment Wind Mountain Development/Royalty Exploration/Development Baker Hughes was permitting 2 open pits BVA (100%) Oxide, open-pit/heap leach for barite prior to selling to I-8
Slide 7: It's the economy, stupid.
To Discover “ore ” deposits, remember… margin “It's the economy, stupid.” apologies to Bill Clinton, 1998 BVA:TSX.V | BRTN:STU BVA:TSX.V | BRTN: BGAVF:OTCQB BRT: FSE FSE 7
Slide 8: What Affects Margin?
What Affects Margin? Grade Commodity price Metallurgy Processing Environmental issues Permitting issues Land tenure concerns Royalties/acquisition costs Taxes Strip ratio Logistics (water, supplies, manpower, etc) Access/cost of Capital BVA:TSX.V | BRTN:STU BVA:TSX.V | BRTN: BGAVF:OTCQB BRT: FSE FSE
Slide 9: Bravada’s Flagship Wind Mtn Property Near-term Production Possible
Bravada’s Flagship Wind Mtn Property Near-term Production Possible ✓ Low strip ratio ✓ Great logistics (roads, water, supplies, manpower, etc) Exposed Gold ✓ Attractive metallurgy ✓ No known environmental issues Mineralization ✓ Land tenure stability ✓ Reasonable permitting process ✓ Low royalties &
Slide 10: RESPEC PEA Model December 2022
Potential RESPEC Phase II Pad Site PEA Model Waste December 2022 Waste Waste Historic Historic Heap Heap 10
Slide 11: Wind Mountain – 2022 PEA Summary
Wind Mountain – 2022 PEA Summary Bravada News Release - December 2022 “Bravada Reports 38% IRR and US$46.1million After-tax Au NPV@5% for Phase I PEA at Wind Mountain Au/Ag Project, Nevada” • Phase I PEA: 30.3MM ton (~62% of the updated, Pit-constrained Resource tons) taking advantage of a leach-pad
Slide 12: Wind Mtn – Potential Rapid Expansion Areas in Yellow Dash
Wind Mtn – Potential Rapid Expansion Areas in Yellow Dash North Hill Resource Pad I pit model (4.2yr, 350K oz Au) Potential Pad II model (6.3 yr, ~130K oz Au added to total 482K oz Au) Potential Phase II Pad Site South End Soil Samples - Au ppb Resource +300 +125 to 300 +50 to 125 Mineralization Blo
Slide 13: What’s New?
Exploration Projects Advances in Low-sulfidation Au/Ag Deposits Important Characteristics • Well-studied 3D zonation for alteration, vein textures, & geochemistry based on many deposits worldwide • Uppermost zones are typically barren of gold & silver, but often contain anomalous concentrations of o
Slide 14: Low-sulfidation Au/Ag systems – Depth Zoning
Low-sulfidation Au/Ag systems – Depth Zoning Yellowstone Park geyser Sinter (USA) Sinter conduit Sinter pool Idealized cross section of Low-sulfidation gold/silver deposits Hishikari (Japan) Well zoned Banded vein, • Sinter at paleosurface Bonanza-Grade • Veins at depth Gold/Silver
Slide 15: Highland Sinter Zoning at Surface
Highland Sinter Zoning at Surface Brecciated conduit (?) Wind Mtn Sinter Fossils Zoning by Temperature Delamar Delamar H.G. banded Au/Ag veins below? *From Hamilton et.al., 2016, The Kohuamuri siliceous sinter as a vector for epithermal mineralization, Coromandel Volcanic Zone, New Zealand: Miner De
Slide 16: Highland Project – View to North
Highland Project – View to North Desatoya Caldera (25-21Ma) Highland Easy Access BVA:TSX.V BVA:TSX.V || BRTN:STU BRT: FSE BGAVF:OTCQB 16 3
Slide 17: Highland Project Target Areas
Cabin Geyser Target Target area area Large region of high-level Sinter Jeep Target Hot 1km low- area Spots sulfidation features with significant Western Big H.G. gold Vein Hammer Targets Target Deb area Target BVA’s R.C. hole H03-013 with 12.2m of area 7.17g/t Au/108g/t Ag incl. 1.5m of 50g/t Au/345
Slide 18: Big Hammer Target Section - Fluid Flow Zonation
Big Hammer Target Section - Fluid Flow Zonation Classic sinter & vein zoning Eastern Graben Anomalous Au in Rocks, Soils & Shallow Historic 100 meters Drill Holes Completed drill hole Proposed drill hole CSAMT “fault” w/ direction of Stockwork Qv’s F1 movement Big Hammer Rhyolitic Flow CSAMT data Do
Slide 19: Untested H.G. Gold
Untested H.G. Gold zone typically +150m below sinter level BVA:TSX.V BVA:TSX.V|| |BRTN:STU BVA:TSX.V BRTN:STU BRT: FSE BGAVF:OTCQB 20b 2719
Slide 20: Baxter Project
Endeavour Silver Earn-in 2017 Kinross’ Sinter Baxter Project • US$4,000,000 work + • US$500,000 in cash payments + Target Drilling • Carried 15% BVA to production, Tr BVA repays 15% capital from cash flow Sinter Tb Tsl Td Target Tb Well zoned Lode Claims West • Sinter at paleosurface Ta On BLM-admin
Slide 21: Anglo Gold’s Silicon & Merlin Deposits
Anglo Gold’s Silicon & Merlin Deposits Major, New Conceptual Discoveries in Nevada 3.4million Oz Au (announced March 28, 2022) , now 4.22 MM Oz Anglo’s Merlin Bonanza-grades in hydrothermal breccia, this from 621m An additional 9.05M ounces gold Conceptual Geologic model Lead to discovery Silicon De
Slide 22: Silicon + Merlin = 13,270,000 ounces of Gold
Silicon + Merlin = 13,270,000 ounces of Gold 2022 GSN tour stop photoprevious slide Source: Orogen New Release May 01, 2024
Slide 23: New East Walker Project – Similar Geology to Silicon/Merlin
New East Walker Project – Similar Geology to Silicon/Merlin A Well-endowed Portion of the Walker Lane Gold Trend Known Low-sulfidation Au Deposits Yerington, NV East Walker Historic Bodie gold Project camp/Ca State Park Recently staked by (~1.5MM oz Au, 1MM BVA Hawthorne, NV oz Ag mined UG) Borealis
Slide 24: Steam-heated Alteration & Geyserite Spheres, East Walker Claims
Steam-heated Alteration & Geyserite Spheres, East Walker Claims Typically Found Above High-grade Au Deposits Where Preserved ✓ Historic sampling in similar high-level alteration shows widespread, anomalous low- grade gold at surface ✓ However, an historic report from a nearby, & more deeply eroded,
Slide 25: Advances in Carlin-type Au/Ag Deposits
Advances in Carlin-type Au/Ag Deposits Important Characteristics • “Dirty” carbonate host rocks • High Au grades in structures, with large halos of low Au grade • Larger halos of pathfinder elements (e.g. arsenic, mercury) • Pre-existing structures such as folds, thrusts and normal faults are often
Slide 26: Carlin-type Gold
Carlin-type Gold Properties SF/HC (Battle Mtn- Eureka Trend) Bravada’s Gabel B Kinross’ Legend Bravada’s Gabel Project Sitka’s Alpha Sitka’s 2022 discovery ✓ Deposits typically occur along linear on Alpha Project clusters, probably deeply buried PH features ✓ Intersections of mineralized Kinross’ Le
Slide 27: “Dirty” carbonate host rocks
✓ “Dirty” carbonate host rocks ✓ High Au grades in structures, with large halos of low Au grade ✓ Pre-existing structures such as folds, thrusts and normal faults are often important 1 27 high-grade gold ore controls
Slide 28: AG23 Sitka DH
AG23 Sitka DH ✓ Larger halos of Possible BVA sites pathfinder elements to be permitted 1 28 (e.g. arsenic, mercury)
Slide 29: Bravada’s Capital Structure
Bravada’s Capital Structure Market Cap August 02, 2024 • $5.2 million @ $0.035 Shares Issued & Outstanding • 148,136,645 Fully Diluted • 212,648,931 Options Outstanding • 10,625,000 ~Cd$780,250 to Bravada if all exercised (strike prices range from $0.05 to $0.14, average $0.07) Warrants Outstanding
Slide 30: Bravada’s Management & Directors
Bravada’s Management & Directors Management Directors Joseph Kizis, Jr., P.Geo. – Geology, Joseph Kizis, P.Geo. – Geology Management Lawrence Page, K.C. – Legal Graham Thatcher , ACCA – Accounting Nigel Bunting – Financing Lawrence Page, Q.C. – Legal, Management G. Ross McDonald, CPA, CA – Accountin
Slide 31: Bravada Gold Corporation
Bravada Gold Corporation PROPERTIES • Nevada Focus for Gold & Silver, Carlin-type & Low-sulfidation-type • Portfolio of 10 Exploration & Development properties with resources and encouraging drill intercepts APPROACH • Identifies properties with potential for large and high-margin deposits that woul
Slide 32: Bravada Gold Corporation
Bravada Gold Corporation Vancouver Office Bravada Gold Corporation Suite 1100-1199 West Hastings St. Vancouver, BC, V6E 3T5, Canada Reno Mailing Address Reno Office Location Bravada Gold Corporation Bravada Gold Corporation 4790 Caughlin Pkwy, #207 4600 Kietzke Lane, Building B, Suite #112 Reno, NV